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Public blog posts only as education and entertainment. private membership market updates reflect my view and analysis of the market. The information contained on this website and from any communication related to the author’s blog and charts is for information purposes only. The chart analysis and the market comments do not hold out as providing any financial, legal, investment, or other advice. In addition, no suggestion or advice is offered regarding the nature, profitability, suitability, sustainability of any particular trading practice or investment strategy. The materials on this website do not constitute offer or advice and you should not rely on the information here to make or refrain from making any decision or take or refrain from taking any action. It is up to the visitors to make their own decisions, or to consult with a registered professional financial advisor. And i absolutely discourage trading options.

Saturday, December 18, 2010

the butterfly grows much fatter, but not much taller.

during the below charts time period.
if you are a long holder, might feel horrible on the 1st half.
if you are a short holder, might feel extraordinary pain on the 2nd half.
most of us know buy-and-hold is not good strategy on such an extraordinary time. same is to short-and-hold, as the dark force of the helicopter is going insane.
there are period of time to hold, there are period of time to trade and time the market. knowing when to do one, when to do another is crucial to your financial success.

let's watch how the butterfly grows as the following historical and charts:
following chart was posted on Nov 5, 2010 top:
http://2.bp.blogspot.com/_Qe2EUehGkjM/TNdE-AUIMgI/AAAAAAAABNY/gPpWce1-bl0/s1600/1105+indu+butterfly+pattern+vs+2007+ATH+2010.JPG



the buttly has only grown 0.6% or 68 $indu points taller after some pains, but has grown one month and twelve days fatter with much joyful sentiment:

http://www.harmonictrader.com/price_patternsbfly.htm

PS. 1). during the past week, members have received more than 20X both quantity and quality of what humble posted on the blog. membership will be closed for application on Sunday Dec 19.
2). come back and check charts additions during the weekend.