bearfridays bare necessities friday, page-5

Here's a little titbit. Make of it what you will.

AdvancingVolume/DecliningVolume Ratio has been below 1 for ten days in a row up till yesterday.

I've been collecting these stats now for nearly two years (mid-2009).

That's the longest run of bearish readings since I began.

On another matter, the always interesting Zen Trader has started publishing an article by John Douglas on Jesse Livermore and Titanic Thompson.

http://www.zentrader.ca/blog/?p=7271

Last night was the first of five instalments. It started:

"I've come to tell you a story- a story of two legends. The truth is, though, that I wanted to keep this story to myself. But, that wasn?t part of the deal. You see, the information that I?ve been chosen to reveal will change your life forever. Only by agreeing to share this information, was I allowed to spend a lifetime with two men-Jesse Livermore and Titanic Thompson.

"Maybe you?ve never heard of these two men. That?s entirely possible. They certainly didn?t garner the publicity of a Babe Ruth, or an Albert Einstein. Yet, they are just as enshrined and immortalized in American folklore as Horatio Alger. Both transcended the rags to riches barriers, and used a set of skills unrivaled-then or now-to generate hundreds of millions of dollars. They never punched a time clock, wrote a resume or excelled in academics. What they knew, and what I?m about to reveal to you, will never be taught in any institution of higher learning."

The first part of the story completed with me hungering for more.

Jesse Livermore I had heard of. Anybody interested in the history of famous traders knows about Livermore.

Titanic Thompson? Check Wikipedia for a fascinating insight.

http://en.wikipedia.org/wiki/Titanic_Thompson

You can't spend all your time watching the stock market. :)

Good luck
Redb