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Wednesday, November 19
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More goodies from Linda Bradford Rashke:

"The market is very basic -- you buy pullbacks in a trending issue... Either buy new highs, or buy pullbacks, but don't put your capital to work in the middle of a trading range."

"... any pullback from a new momentum high can be bought."

"... go in the direction of momentum. You don't want to fade a market because it's up or buy it because it's down."

"... anytime you have a new high or new low, you want to be looking to buy [or sell] the pullback to at least see if there's a test, if not another leg."

"... it is helpful to have buy stops resting in the market which will automatically take you into the trade...."

"... losing streaks come from sloppy habits, trader error, or stubbornness."

"People don't appreciate that small investors have much more flexibility, especially in stocks, than institutional investors."

"[Exiting] the market on close ... takes away the psychological anguish of trying to time the exit."

"... it's hard enough to make a decision to get into a market, let alone to get out of it in the same day."

"Half the game isn't getting the direction right, it's just having some game plan at all."

"You can never predict an individual's behavior, but you can predict at times the way a crowd will move."

Posted at 6:52 PM, GMT

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The Chairman trades a drill bit stock from the long side in today's Trading for Dummies lesson.

Posted at 11:56 AM, GMT

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The dollar broke sharply lower yesterday, the Euro moved to an all-time high, and crude oil jumped sharply to an eight month high. Things are getting "interesting."

DX
Dollar Index (DX), Daily Chart

EC
Euro (EC), Weekly Chart

CL
Crude Oil (CL), Daily Chart

Posted at 11:19 AM, GMT

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I heard Stacey Kent sing 'Tis Autumn on WBGO and was blown away. Six years after she releases her first album, I discover her. Better late than never, I guess.

(Stacey Kent, like Tea Leoni, went to Sarah Lawrence. Stacey was class of '91? Tea dropped out.)

Posted at 9:49 AM, GMT



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