I believe in technical analysis. I don’t believe it’s anything magic. And I think it’s more than just a “study of historical patterns with certain correlations”. I think it’s use is due to the relationship it has with market psychology.
For example, lets just take an uptrending stock. The stock moves up, and [...]

That’s Dr. Evil.  Where did the character Dr. Evil come from?  What was Mike Myer’s inspiration?   I think I have discovered where.
http://www.ibankcoin.com/peanut_gallery/wp-content/uploads/2008/06/eviltrump1.jpg
Now of course once I found this out, I immediately knew I had to short the stock.
After all, there’s a clear “bad toupee combover” breakdown, headed for 0.
http://www.ibankcoin.com/peanut_gallery/wp-content/uploads/2008/06/toupee.bmp
Now don’t worry non chart chompers, I’m not [...]

The last chart I showed, was of BEAV at around $30. The stock immediately fell down below 26 the next few days, offering a great chance to take profits. If you did not, or if you never got short the stock, it then climbed back up to around $30 to retest. Now it’s at $25, [...]

I once read a quote supposedly by JP Morgan that said “millionaires don’t use astrology, billionaires do”.  I’ve heard that it’s been revealed (although kept quiet and mostly denied) that many of the former presidents have had numerous astrologers. And in ancient times we know they had a lot more “prophets” and “oracles” using astrology to make [...]

I have done some thinking, about how I can improve results in a more systematic method, and I came up with a method of stock selection that I believe will produce great results. I intend on posting this fairly regularly. Perhaps weekly, perhaps biweekly, or but at least once a month. Since [...]