charts of interest 12 12 14
TRANSCRIPT
Trading Game BlogCharts of Interest Week Ending 12/12/14
These are charts that are interesting to me. They form part of my trading universe.
I take a simple view of trading in that you buy what is trending up, you sell what is trending down and you don’t bet the farm.
As you can see I don’t think it is as hard as everyone makes out.
VIX Weekly
Market goes down a bit - VIX goes up a lot and then market keeps going up. Unfortunately, the VIX is a tool whose impact and capacity to predict is grossly overrated.
However, it does give the idiot talking heads on business programs something to crap on about.
Dow Weekly
Russell 2000 Weekly
Gold C CCB
Silver C CCB
Crude C CCB
Still going down and traders are still going long in hope of catching the bottom. Something they have been doing since about $85.
Think about how stupid the average person is and then realise that half of them are stupider
that that.
USD/JPY Weekly
Air New Zealand Weekly
QANTAS Weekly