Friday, June 4, 2010

A New Season

Hi Everyone
I have been very tardy in my efforts to get this Blog up and running. I have been travelling and trading the forex and international index markets. I have not updated this Blog for a while but am glad to report that the last few posts happened as forecast. Have a look.
Good trades cannot be pulled out of a hat. I will post as often as I can, but will focus only on high probability trades which have a 70% chance of pulling in a few points.
Included in the Blog will be my trend following model of the Dow Jones 30. It has had a great record in finding 2-3 week, very tradeable moves in the latter. The JSE-Alsi40 will pretty much always follow.
I hope to locate trades in shares and the indices which will last from a few days to a few weeks. I will not look at intraday action here, as its a waste of time in the thinly traded share market. Useful only for brokers to book commissions.
Over the weekend I will post some charts of how the market looks for next week. It looks as if it will be a busy one. Maybe one that will go into the history books. Be very careful.
Have Fun
David