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The purpose of this is to serve as a closet, or attic, or self-storage facility. A place for me to store what I don't want to lose, all in one place, partly for me, but largely for those who may be interested in what I think about market stuff and trading stuff.

I've reserved the right to moderate comments. Assuming that this works, the point of it is to keep the blog on task as much as possible. Substantive questions will be answered, if I can, but good wishes and so forth will not be posted, not because I don't appreciate them, but because all of that is a lot for newcomers to wade through after a while, so please don't be insulted if you don't see your comment posted.

The first post is a link to a preview of my book. This may be of no interest to you whatsoever, but I do encourage those who are interested to at least look it over before plunking down any money for something that may be of little or no use to them.

Good trading.

Note: it may not be immediately apparent that this is neither a journal nor a trading log. Therefore, the chronology of the posts is immaterial. The posts are instead organized according to the "categories" listed in the sidebar on the left.
I. Mapping the Territory
Old

From Magee's General Semantics of Wall Street

Posted 02-24-2008 at 11:58 AM by DbPhoenix (Dbs Burrow)
Updated 04-29-2008 at 09:20 AM by DbPhoenix

Jones buys 100 shares of Fruehauf Trailer at 24. He will tell you with all the enthusiasm of the true believer what a fine company Fruehauf is, and what excellent prospects they have for the coming 12 months. He will tell you everything he knows that is good about the stock, but he will not tell you anything that is bad. For him there is no bad. His mind is made up. He does not want to be confused with facts. He is not looking for the truth; he has found it. And like a politician or a minister or...
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Old

Mapping the Territory (courtesy of John Magee)

Posted 02-24-2008 at 11:55 AM by DbPhoenix (Dbs Burrow)

Charts are a visual record of price movement. If one isn't interested in price movement, one may not find much of value in them. As a map, however, they are about as close to the "territory" of price movement as you're going to get, one degree of separation, if you will.

But then we begin to fiddle with it: time bars, volume bars, tic bars, range bars, equivolume bars, candles, lines, histograms, etc, etc. Then we lay on the Fib and the Gann and the Wolfe and the Pivot Points....
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