Quick review of today's winning trade. I read the headwind correctly this morning, which was good. Found ISIL and IACI were being bad doggies and both gave me a nice spot to get short with very little risk. Cut my losses in ISIL when they jammed it up, and let my profits run (more or less) with IACI as it crumbled down. The reward to risk ended up being around 5 to 1.

In short, I Traded like a Dummy. Read the time-stamped trading diary and think about it. It looks easy but it's the toughest thing in the world to do well.

Good night!

IACI, 30 min. Chart

OK, it was a clumsy and impatient exit, but I wanted to book it and run. ;-)

My dog is refusing to die despite widespread bloodshed around it. I'm out here at .30, covered all.

.26 shouldn't hold, if it breaks and drops back to .16, I'll cover there.

They're trying to hold the world together at 29.26. I still see sellers on the broad tape.

Waves of selling continue to hit the market without respite. Not sure if my dog will reverse/bounce into the close so I'm lowering the stop to 29.34 IACI. This has turned out to be a huge reward to risk winner, happily.

Yet another interpretation of Mulholland Drive (this guy gets the main points pretty much on the nose).

I don't generally make predictions, but I don't think the Fed will raise rates till 2005 and I don't think the Chinese government will revalue the RMB until 2005.

Interesting to see VISG and IDNX strong on the back of the INVN buyout... too bad I didn't think about it, they both gave good spots to get long this morning (though IDNX would be a tiny stop-out loss already).

Stopped out at the tightened spot in ISIL. Tone is still terrible, they just ran me out. IACI still behaving, tightened stop by half.

OK, see you later. Still lots of broad selling, will carry these puppies for better or worse. Bye.

Short IACI p stop 29.89

Tightenend p-stop ISIL by half.

Short ISIL p stop 21.35

Tone is very poor, I'm searching for an attractive short.

Eyes on ROXI, SNTO....

China-focused mutual funds:

• AllianceBernstein Greater China '97 | GCHAX | Holdings
• Columbia Newport Greater China Fund | NGCAX | Holdings
• Dreyfus Premier Greater China Fund | DPCAX | Holdings
• Eaton Vance Greater China Growth Fund | EVCGX | Holdings
• Fidelity China Region Fund | FHKCX | Holdings
• Guinness Atkinson China & Hong Kong Fund | ICHKX | Holdings
• Matthews China Fund | MCHFX | Holdings
• U.S. Global Investors China Region Opportunity Fund | USCOX | Holdings

Closed-end funds:

• The Greater China Fund | GCH
• The China Fund | CHN
• Templeton Dragon Fund | TDF

One bad week can wipe out months of gains. This is why we have a diversified portfolio. I haven't sold TravelSky Tech yet, but I will if it continues to act badly.

TravelSky Technology, Weekly Chart

All things Willeford:

• Lisa Williams
• James Sallis
• Rick McLean
• Marshall Jon Fisher in The Atlantic
• Wit's End Publishing
• The Second Half of the Double Feature

An old article from JavaWorld: Why E*Trade banks on Java. Down at the bottom there's a blurb about the LiveCharts applet.

Excellent grooming tips for men, though I don't know a single heterosexual man who would follow them.

Taking a look at last month's average daily newspaper circulation numbers in England is pretty interesting. I don't read the newspaper, but other people obviously do. The top five are tabloids that successfully target the halfwits and the boobs (pun intended).

• Sun -- 3,397,472
• Mail -- 2,408,001
• Mirror -- 1,900,250
• Express -- 961,836
• Star -- 909,291
• Telegraph -- 906,317
• Times -- 655,876
• FT -- 439,035
• London Evening Standard -- 395,050
• Guardian -- 369,726
• Independent -- 256,378
• Scotsman -- 70,320

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