The Lawrence Chan Blog
I have diverse interest in many things from science and technology to martial arts and ancient health practices. Obviously, discussion of these topics should be done within my own blog as oppose to keeping them here. Hence my blog is created so that I can have a venue to express my creativity and thoughts on my other interests. For those of you who share similar interests, you can check out my site TheLawrenceChan.com
Due to the sheer volume of articles I have written about trading, many of which are trading related yet not technically in line with what DaytradingBias.com is offering, they have to be split from my blog into yet another site. Hence for my non-technical writings about trading, videos I have curated from various sources that I think are useful for traders and my reviews of trading related products, you can find them at the site Essence of Trading
The reason why I picked the Tai Chi picture above for this page is best explained by my article Tai Chi Traders in a World of Chaos at Essence of Trading.
Below are the old blog posts that were originally posted here. To avoid broken links from other sites, I have decided to keep them here.
The Intergenerational Wealth Study: Basic Estate Data 1916-1945
2013 Jul 23 Tue 14:51:56 | by
An old study done by none other than the IRS on the estate data during the period of 1916-1945.
It is an interesting study where the data captured a period with 2 world wars and one great depression.
Something all baby boomers should think about – how to properly plan their estates now and how to prepare for the inevitability.
After all, it is the biggest lump sum of money the governments can go after as income tax on individuals is no long enough to feed the governments and their corporation buddies.
Market Internals 2013-07-21
2013 Jul 21 Sun 20:26:09 | by
Monthly update on market internals.
The current snapshot of S&P 500 3-Day Advance Issues, Tick16 Short Term + Long Term as of 2013 July 19 close.
Reading
1. Long Term Tick16 (yellow line) well below neutral zone going sideway
2. Short Term Tick16 (red line) drifting in overbought area
3. 3-Day Advance issues (green line) bounced off neutral zone with S&P just made a new high
Inference
a. #1 is bearish pointing to a major top in the making
b. #2 points to a short term top in the making
c. #3 divergence top setup for short term top in the making
Last update I was looking for a flush low to create a powerful squeeze and I got that right on.
A powerful rally like the one we are having does not stop easily until something break the rhythm. Thus a series of pullbacks will have to be in place to create the long term top, if such a top is going to be formed at all.
The weakest scenario is that S&P can start its pullback now and limiting its Long Term Tick16 from recovering to neutral zone. Timing for an immediate pullback is within next few days.
The strongest scenario is that S&P although weaken its Long Term Tick16 keeps recovering to neutral zone. That will produce a decision point where S&P can gun for long term upside breakout or a total collapse. The outcome of this scenario will depends on the aggregated bets made on the market by the time it reaches the critical moment. Timing for this complex top formation will take 2 to 3 weeks.
S&P 500 New Weekly All Time High
2013 Jul 20 Sat 11:45:59 | by
S&P reached its new all time high on weekly close basis. For the bulls, however, this is not good news.
The 19-year cycle projection is predicting that ES will enter a 3 pushes up phase on daily and then finishing this year with a very powerful selloff. The scenario has matched so perfectly so far, that we can expect a 2% cap over the May high as the potential top of this spectacular run since the flush low in late June.
Sometimes you have to be amazed how accurate seasonal behaviour can be. Various time-based models have entered short at the end of last week. Premium members can check out the seasonal chart for July.
The Motive Of This Questionable Article
2013 Jul 18 Thu 19:42:51 | by
A piece from Reuters, Anatole Kaletsky: The new long-term bull market ahead, hits the websites today.
Someone who has no expertise in trading nor chart reading writes about "breakout" from a major news outlet.
The ultimate top for centuries to come is probably here.
William Ackman: Everything You Need to Know About Finance and Investing in Under an Hour
2013 Jul 18 Thu 17:47:47 | by
Mr. Ackman, famous hedge fund manager, gives a condense lecture of about 40 minutes on the subject. If you are a newcomer to investing / speculating in the stock market, it is probably a good idea to watch this video completely.
In case you do not know who Mr. Ackman is, you can read about him at Wikipedia.
I was asked many times if I use seasonal bias for my trading. The answer is yes. It is quite obvious from my real-time chat that I have certain expectations from time to time what a market should do if it follows the seasonal pattern. Although seaso …
Read, learn and understand how the US Treasury Department playing around the rules and regulations to keep the US government from exceeding its debt limit. This special manoeuvre will run out of its effectiveness by end of July or early August 2013. …
Boeing has been the news darling this week for, well, bad reasons. What does its chart tell us? 1. Very clear 10-year full swing up and down cycle. 2. Blue horizontal lines highlight the 10 year range from 1990 to 1999. 100% expansion of the ran …
I have been talking about this in my real-time chatroom for quite sometime and many people email me for the specifics. Here is an introduction of market breadth on forex markets. Some part of this article could be very technical. If you do not unders …
Not really a trading related video, just a reminder that you cannot be productive if you do not have enough sleep. One point I have to make though – it is possible to sleep just a little and still have enough sleep. It is well known that if you h …
| blog link partners | |
| BlogFlux.com Investing Blog Directory Blogging Fusion Blog Directory | ReadABlog.com |
