Monday, May 21, 2007

so.......

3:30am... I think it's time for some eggs and bacon, get that coffee going.

This morning I'm leaning against going to southern Utah. I need to shop for a new tent. I need a "To Do" list this morning. Probables for that list are, Laundry, Finish one of my projects, meditate.. Yoga..

first coffee, work my way out.

For some reason I want to blog about what I think about "technical analysis" of stocks. Which at this point I liken to Numerology or Tarot reading.

It's like me to always overestimate people. There are these great technical indicators called moving averages 5, 10, 20, 30 day moving averages. Let me just tell you how amazing these are. They tell you, if the stock is going up or down over the past 5 10 20 or 30 days. and indicate the possibility that you could lose money. Cause when the 5 day crosses the 10 day.... Well you could lose money because it's declining...... I think the fact that I've lost money over the past 5 days.... Well that shows me that I'm on a downward trend. I can do that kind of math in my head, I think.
[SP32-20070520-163749.gif]
Indicated besides the moving averages is a nr7 move... Which indicates a reversal... See, what it indicates is that the price has flattened out which would be a natural transition between advancing and declining. But also, between declining and declining, and advancing and advancing, or Staying flat and staying flat..

OK, coffee eggs bacon. You know whats weird I've been craving cheerios.

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