Successful Trading is a Journey

NEW YORK (MarketWatch) -- With the first-quarter earnings season almost past, investors will continue to face mounting concerns about consumption and the U.S. economy next week, with retail sales and consumer-price data likely to reflect the impact of surging energy and food prices. Retail earnings and consumer sentiment reports will trigger reaction or action, we think entirely dependent upon the price of oil. Any slight oil drop could trigger the event of upsurge.

5/12 – Monday before May expiration, Dow up 17 of last 19
Monday after Mother’s Day, Dow up 10 of last 12

"The subscriber you quote today - Mike - said it exactly right. "Like life, successful trading is a journey". Next time you run across Mike, please pass on my regards, I like the way he thinks and can identify with it more and more by the day.
Thanks also for the Put yesterday. I wonder how many of us smiled when we saw that come through............ I smiled for the following reason.........

When a horse wins a handicap race comfortably it is generally because in his preceding few races his trainer placed him over longer distances (or shorter and faster) than his natural best winning distance, e.g, a mile race instead of 5 or 7 furlongs, and in "better class" i.e. in races he has no chance of winning. The handicapper gives him low weight due to his "failing" performance up to then (in races not suited to him). Now he comes out, race fit, having been stretched either by distance or speed he's placed for his natural pace. If he's won at that distance before, probably at that type of course you pay attention to him in the betting (money) market, a money trail WILL show - if you look!! as many do not and on this lies the success of the manipulators to ensure their best betting odds - You are not surprised at his win.

If this horse now enters a race within 14 days of that win he will carry a penalty weight, there may also be another adjustment of distance, even jockey change, eg, an apprentice jockey, they are allowed to claim weight off in handicap races, so the penatly weight may be cancelled out but still show as having been issued - seeing 7lbsex, 7 pounds extra, on the race card puts joe public off for instance. Now you really pay attention to him in the money market. His best chance of a win is directly after a win.................

It's simplicity is its greatest disguise :-) Mr Wyckoff described handicap racing. Big money cannot move any other way, it must be disguised from those who do not train themselves to look. The source of income for the manipulators.

I just love these men Wyckoff and Ffloyd, he's taking me back to the home of my spirit.

Yesterday, the above horse was called May 655P and romped home nicely - thank you!!"



The market continued to move downward as Bush oil hit new highs. $32.00 a barrel when he entered office, and $126.00 Friday. There is no market manipulation going on:)

Midday we issued an alert for the June630C, and took entry immediately . For traders that held out for best buy price we continue to recommend a new ITM June option, contrarian to sentiment, as our first trade of June expiry.

Our view of macroeconomics: about every 20 to 23 days the market has the historical nature to shift trends by an average of 586 points. Make money off these trends.