Money and Words

Money is stored labor and words are stored ideas. Money is like art. Art is a verb, not a subject. Like the Benny Goodman song says in the song title, It is not "what" you do, it is the "way" that you do it. Finally, politics is gossip. Called rumor in the market, 70% of rumor it has been said often turns out to be true. Rumor, like gossip, is people said. People said reflects people spirit. This blog talks to issues spirit, not to people said. This is only what I say, everyone else does what they say. Links to other Sunset Stroller sites below.

Sunday 26 July 2020

Buying shares not stories....

Remember, current media is alway ancient history and today especially.... propaganda. Never has politics been so thick in my trading experience. The market is thought to be greedy by other voices since it is rising. In my view it is rising simply because one particular candidate is largely expected to win who is bullish for the economy. Among traders one would observe shortselling the mix. Meanwhile charts tell the truth because money does.
Posted by at No comments:

Tuesday 14 July 2020

Charts tell the truth......

Danny used to remind people that he bought shares not stories. Charts of price patterns are easy to read. The trend is your friend. Prices spend more time in the trend than they do in a turn in the trend. There are many price patterns that reliably reflect group emotions.

The Dow chart is bullish.
Posted by at No comments:
Subscribe to: Posts (Atom)