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12/29/2017

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“Simplicity is the ultimate sophistication.”
- Leonardo da Vinci

“Imagination is more important than knowledge”
- Albert Einstein

“All of our days are numbered. We can not afford to be idle. To act on a bad idea is better than to not act at all because the worth of the idea never becomes apparent until you do it. Sometimes this idea can be the smallest thing in the world; a little flame that you hunch over and cup with your hand and pray will not be extinguished by all the storm that howls about it. If you can hold on to that flame, great things can be constructed around it; things that are massive and powerful and world changing. All held up by the tiniest of ideas.”
- Nick Cave, 20,000 days on Earth

MARKET STATUS

BEAR MARKET WARNING on 04 December 2018
SIGNIFICANT MOVE BELOW 200MA


LONG TERM (Monthly): NEUTRAL
MEDIUM TERM (Weekly): NEUTRAL
SHORT TERM (Daily): BEARISH

OSC: NEGATIVE
T VOLUME Osc: NEGATIVE

2018 POSITIONS

S/T SELL Signal active below 2630 on 17 December
S/T SELL Signal active below 2648 on 14 December
COVER at 2651 on 13 December
S/T SELL Signal at 2651 on 13 December
S/T BUY Signal at 2664 on 13 December
COVER at 2651 on 12 December
S/T SELL Signal at 2654 on 12 December
S/T BUY Signal at 2667 on 12 December
COVER at 2636 on 11 December
S/T SELL Signal at 2666 on 11 December
COVER at 2700 on 04 December
S/T SELL Signal at 2720 on 04 December
COVER Signal at 2741 on 04 December
S/T BUY Signal at 2670 on 26 November
COVER at 2690 on 19 November
S/T SELL Signal at 2720 on 19 November
COVER Signal at 2736 on 16 November
S/T BUY Signal at 2738 on 16 November
COVER at 2701 on 14 November
S/T SELL Signal at 2729 on 14 November
COVER at 2722 on 13 November
S/T SELL Signal at 2734 on 13 November
COVER at 2726 on 12 November
S/T SELL Signal at 2735 on 12 November
COVER Signal at 2770 on 12 November
S/T BUY Signal at 2711 on 31 October
COVER at 2641 on 29 October
S/T SELL Signal at 2692 on 29 October
S/T BUY Signal at 2706 on 29 October
S/T SELL Signal active below 2712 on 26 October
S/T SELL Signal active below 2720 on 25 October
S/T SELL Signal active below 2755 on 24 October
COVER at 2760 on 22 October
S/T SELL Signal at 2774 on 22 October
COVER at 2772 on 19 October
S/T SELL Signal at 2781 on 19 October
S/T BUY Signal at 2794 on 19 October
COVER at 2766 on 18 October
S/T SELL Signal at 2775 on 18 October
COVER Signal at 2790 on 18 October
S/T BUY Signal at 2789 on 16 October
COVER at 2728 on 11 October
Cont. S/T SELL Signal below 2780 on 11 October
COVER at 2785 on 10 October
S/T SELL Signal at 2865 on 10 October
COVER at 2880 on 09 October
S/T SELL Signal at 2882 on 09 October
COVER at 2875 on 08 October
S/T SELL Signal at 2885 on 08 October
COVER at 2885 on 05 October
S/T SELL Signal at 2901 on 05 October
COVER at 2895 on 04 October
S/T SELL Signal at 2900 on 04 October
COVER at 2914 on 04 October
S/T BUY Signal at 2928 on 01 October
COVER at 2914 on 27 September
S/T BUY Signal at 2920 on 27 September
COVER Signal at 2909 on 26 September
S/T BUY Signal at 2888 on 11 September
COVER Signal at 2890 on 05 September
S/T BUY Signal at 2838 on 16 August
COVER at 2818 on 15 August
S/T SELL Signal at 2817 on 15 August
COVER Signal at 2838 on 10 August
S/T BUY Signal at 2722 on 02 August
COVER Signal at 2810 on 01 August
S/T BUY Signal at 2724 on 01 August
COVER Signal at 2820 on 27 July
S/T BUY Signal at 2726 on 05 July
COVER at 2714 on 02 July
S/T SELL Signal at 2705 on 02 July
COVER Signal at 2718 on 29 June
S/T BUY Signal at 2729 on 29 June
COVER at 2699 on 27 June
S/T SELL Signal at 2730 on 27 June
S/T BUY Signal at 2745 on 27 June
COVER at 2717 on 25 June
S/T SELL Signal at 2730 on 25 June
COVER Signal at 2762 on 19 June
S/T BUY Signal at 2725 on 01 June
COVER Signal at 2710 on 31 May
S/T BUY Signal at 2620 on 30 May
COVER at 2689 on 29 May
S/T SELL Signal at 2692 on 29 May
S/T BUY Signal at 2649 on 04 May
COVER at 2635 on 02 May
S/T SELL Signal at 2650 on 02 May
COVER at 2640 on 01 May
S/T SELL Signal at 2640 on 01 May
COVER Signal at 2656 on 30 April
S/T BUY Signal at 2662 on 26 April
COVER Signal at 2642 on 25 April
Continuation S/T SELL Signal at 2615 on 25 April
COVER at 2634 on 24 April
S/T SELL Signal at 2644 on 24 April
COVER Signal at 2681 on 20 April
S/T BUY Signal at 2641 on 10 April
COVER Signal at 2620 on 09 April
S/T BUY Signal at 2633 on 09 April
COVER at 2604 on 06 April
S/T SELL Signal at 2621 on 06 April
COVER Signal at 2631 on 06 April
S/T BUY Signal at 2622 on 04 April
COVER at 2581 on 02 April
S/T SELL Signal at 2620 on 02 April
S/T BUY Signal at 2638 on 29 March
COVER at 2612 on 27 March
S/T SELL Signal at 2643 on 27 March
COVER at 2653 on 27 March
S/T BUY Signal at 2667 on 27 March
COVER at 2603 on 23 March
Continuation S/T SELL Signal at 2638 on 23 March
COVER at 2643 on 22 March
Continuation S/T SELL Signal at 2680 on 22 March
COVER Signal at 2710 on 19 March
S/T SELL Signal at 2729 on 19 March
COVER Signal at 2754 on 14 March
S/T BUY Signal at 2713 on 05 March
S/T SELL Signal at 2705 on 01 March
COVER Signal at 2734 on 28 February
S/T BUY Signal at 2717 on 23 February
COVER Signal at 2701 on 21 February
S/T BUY Signal at 2661 on 13 February
COVER Signal at 2660 on 12 February
S/T SELL Signal at 2794 on 02 February
COVER Signal at 2832 on 30 January
S/T BUY Signal at 2686 on 02 January
COVER Signal at 2676 on 29 December

MISSION

It has been my Mission to find a simple but effective method for investing in the stockmarket, so that I always knew what to do regardless of what happened in the market.
Consequently it is now also my Mission to provide independently minded traders and investors with the analysis that will enable them to confidently make their own decisions.
This is a system which allows the market to tell you what to do, and removes the need to have any opinion whatsoever yourself.
And so I present to you the diary of my personal trading system, its methodology and the signals that it is producing. You are welcome to follow me along but please understand that the information posted here is for entertainment purposes only. No recommendations are being made to buy, or sell stocks, options or futures contracts. Please consult your own financial advisor before making any investment decisions.

Please sign up for my occasional FREE REPORTS and if you would like to find out more and receive my email alerts and more detailed observations, please SIGN UP HERE

CONTACT ME

  • tradingtheline@gmail.com

TOOLBOX

T Theory Volume Oscillator
Terry Laundry's Magic T Volume oscillator

WSJ Market Data Center
Advanced / Decline Volumes

ARMS Index (TRIN)

SKEW
Black Swan indicator

CPCE
CBOE Equity PUT/Call Ratio

CPC
CBOE Total PUT/Call Ratio

NYMO
NYSE McClellan Oscillator

VIX
Volatility Index

VVIX
Volatility of Volatility Index

RECOMMENDED WEBSITES

Bob Karrow: Stock Market Observations
A fantastic resource with great insights from Bob Karrow and includes an extensive archive of Terry Laundry T Theory observations

GUNNER24 Forecasts
Fascinating Gann based analysis

Finviz
Very useful portfolio and stock screener

Stockcharts
Fantastic Charting resource

RECOMMENDED READING

Martin Schwartz: Pit Bull: Lessons from Wall Street's Champion Trader

The first light really went on when reading Pit Bull by Marty Schwartz and if you haven’t read it I could not recommend it more highly. Marty Schwartz talks about Green Light / Red Light and Terry Laundry’s Magic T Theory - both very important concepts.

Buy on Amazon >>>

Jack D Schwager: Market Wizards: Interviews with Top Traders

"Market Wizards is one of the most fascinating books ever written about Wall Street. A few of the ′Wizards′ are my friends—and Jack Schwager has nailed their modus operandi on the head." ––Martin W. Zweig, Ph.D., Editor, The Zweig Forecast

I thoroughly recommend all of Jack's books.

Buy on Amazon >>>

Victor Sperandeo: Trader Vic: Methods of a Wall Street Master

A really insightful book. Great section on economics.

"Victor Sperandeo is gifted with one of the finest minds I know. No wonder he′s compiled such an amazing record of success as a money manager. Every investor can benefit from the wisdom he offers in his new book. Don′t miss it!" ––Paul Tudor Jones Tudor Investment Corporation

Buy on Amazon >>>

MORE RECOMMENDED READING

Reminiscences of a Stock Operator: Annotated Edition by Jon D. Markman

With new commentary and Insights on the life and times of Jesse Livermore Reminiscences of a Stock Operator is the fictionalized biography of perhaps the most famous financial speculator of all time–Jesse Livermore. This annotated edition bridges the gap between Edwin Lefevre′s fictionalized account of Livermore′s life and the actual, historical events, places, and people that populate the book. It also describes the variety of trading approaches Livermore used throughout his life and analyzes his psychological development as a trader and the lessons gained through hard experiences.

Buy on Amazon >>>


“If you're going to try, go all the way. Otherwise, don't even start. This could mean losing girlfriends, wives, relatives and maybe even your mind. It could mean not eating for three or four days. It could mean freezing on a park bench. It could mean jail. It could mean derision. It could mean mockery--isolation. Isolation is the gift. All the others are a test of your endurance, of how much you really want to do it. And, you'll do it, despite rejection and the worst odds. And it will be better than anything else you can imagine. If you're going to try, go all the way. There is no other feeling like that. You will be alone with the gods, and the nights will flame with fire. You will ride life straight to perfect laughter. It's the only good fight there is.”
- Charles Bukowski, Factotum, 1975

“The mind is a glass floor.
The mind is the spirit’s tear.
The mind is our prior and subsequent ghost.
The mind is the Bullion Express and the blood on the tracks.
The mind is a stone door.
The silver on the backs of mirrors.
The wave that defines the coast.
It’s what the drunk grave robbers couldn’t stuff in their sacks.
The mind is the sum of all and more.
The spasm between one and zero in the Calendar of Black-Hole Years.
The contract between the lash and the whipping post.
A quilt of dreams stitched with facts.
A meaningless argument among whores.
Rain that keeps falling when the sky clears.
A masquerade party, guest and host.
A candlelit landscape of puddled wax.
The mind is what thought is for.
The parking lot at the Mall of Fears.
The fire-pit for the piggy roast.
What the soul surrendered and won’t take back.
The mind is neither either nor or.
The real center of an empty sphere.

- Jim Dodge, Stone Junction, 1990