add a second floor to ranch house happy in your home bathroom round lake beach adding extra bathroom to house bathroom conversions kj remodeling wilmette .. Chicago Drug testing

Market Globalization

Just 30 years ago the stock market was a shadow of what it is today. There were many fewer shareholders and the daily volume was a fraction of what it is at present. No one thought you would every be able to trade a billion or more shares in one day. Of course that was in the old days when they had tickers and the word digital was something you did with your fingers.

Now we have world markets. There seems to be a stock exchange in almost every country. Did you know there is a stock exchange (of sorts) in Baghdad? I have not heard if they are back in business now that the war is over.

It is kind of amazing that with all these new traders and with all the varied stocks in every part of the globe that market mechanics would have changed. They have not.

As a technical analyst and trader (I was an exchange member and floor trader for 17 years) I still see the same trading patterns I saw 30 years ago. Wouldn't you think with this tremendous expansion that something would be different? It isn't. Why?

The reason is very simple. People don't change. The basics of the market ? fear and greed ? still dominate. Emotions have not differed in thousands of years. As far back as recorded history people have reacted in almost the same way.

The emotions of traders can be plotted and you can see it in the charts that are printed out each day to show the price action of the market. Once an upward trend sets in people begin to buy, putting the market higher attracting more buyers until the greater fool application has run its course.

In the years I have been trading I have seen many new technical indicators. When you think about it almost all of them are based on the emotions of the mass of investors, even such simple indicators as moving averages. As a continuing student of the market I have studied and have used many of them. I don't know any successful investor who does not use them.

A broker or financial planner who does know understand and use these indicators is doomed to failure. If anyone in the financial field every says they don't work you can be sure he is a loser because he has not taken the time to learn his trade. He is worse than a carpenter who does not know how to use a hammer and saw.

A good technician can go to any exchange in the world, not know the language and still make money.

Stock charts are like EKGs that doctors read to see how your heart is doing. Some doctors can understand them and other have not learned.

The basic principles of trading have not changed over the years even though the market is many times larger than it was because people have not changed. Whether you invest on your local exchange or globally everything remains the same.

Al Thomas' book, "If It Doesn't Go Up, Don't Buy It!" has helped thousands of people make money and keep their profits with his simple 2-step method. Read the first chapter at http://www.mutualfundmagic.com and discover why he's the man that Wall Street does not want you to know.

Copyright 2005

al@mutualfundstrategy.com; 1-888-345-7870

In The News:

Trading as a Business

What can I expect to make my first year of... Read More

Economists #2

Economists know more about how the fragments of society work... Read More

Investment Capital Gains

Have you bought any mutual funds this year or late... Read More

The Secret Method to Selecting a Winning Trading System

Every successful trader has a winning system. There are of... Read More

Protectionism

First let's see what protectionism is. According to Mr. Webster... Read More

Buying New Issues

Has your broker been calling you recently with the "great... Read More

My Neighbor Got A New Car

I don't know what kind it is, but I saw... Read More

When Should I Sell?

People are always asking me when should I sell my... Read More

E-mini Day Trading - Day Trading for Beginners - Stock Market Timing Software

I mean it when I say that. While plastic silverware... Read More

Play another Day

Money management starts with protecting your capital, realizing profits and... Read More

Smart Day Trading Strategies to Help You Make Money in the Stock Market

Stock trading can be a very profitable activity. You can... Read More

Mutual Funds are Dead

You may have wondered why your mutual funds have been... Read More

Frog In The Pot

You remember the story about the frog that was put... Read More

The Three Little Pigs Went to the Stock Market

Three little pigs went to the market to stock up... Read More

What Our Investment Advisor Wont Say Off The Bat

Most advisors will tell you they can beat the market.... Read More

Your Job

There are so many kinds of work that needs to... Read More

China Syndrome

There has been great condemnation recently because China has been... Read More

Lies, Damn Lies and Mutual Fund Returns

How many times has this happened to you? You're at... Read More

The Stock Market is a Roller Coaster: Prepare for the Ups and Downs

IT'S REMINISCENT OF THE OLD children's tale about an old... Read More

How Much Information Do You Need?

You have decided to buy some stock or mutual funds,... Read More

Dont Spend Another Dollar on Business Opportunities Until You Read This

With an insecure job market, overworked employees, insufficient retirement savings... Read More

Investment Attorneys and Garbage Stocks

How is it possible that trash Companies are posting less... Read More

Selection Vs Direction

As I have said many times before in this column... Read More

Attitude Is [Almost] Everything

I often play a little game with myself when I... Read More

Advisory News Letters

Several times each month I am solicited by various market... Read More

led manufacturer in usa residential street lights Pete's produce ..
led manufacturer in usa residential street lights Pete's produce ..