Thursday, January 22, 2009
9:19 am - DJIA doing a reversal last nite !
Support at 7950-8000 level. The resistance to break is now 8400.
Wednesday, January 21, 2009
2:10 pm - Special Offers !
Dear Traders,
In the interest of serving you below is an unusual offer to upgrade your knowledge and skills from my friend Azizi Ali who is a famous writer, motivator and financial consultant . This is a one time deal for you to upgrade yourself at a very reasonable price. Please read the below message from Azizi:
RegardsBill and Martin
Happy new year!
A good friend of mine, The Millionaires Coach Azizi Ali, has just launched a new online bookstore www.BookPlanet.com.my. I’ve logged onto the site and find it very useful. More importantly, most of the books are selling at discounts ranging from 10% all the way up to 40%. Of course, some of the books are packaged together and selling at fantastic discounts. Further, you can also get free copies of his latest eBook on wealth creation How I Made Millions From Lessons Learnt From Tun Daim if you purchase his Omnibus.
The best news is that I’ve managed to convince him to give you a Special Deal for the new year. If you make a purchase from the store between 20th Jan 2009 to 2nd Feb 2009, you will get an additional 10% off the prices of the books. That’s right – you will get an additional 10% off from whatever discount is listed on the website! For example, The Millionaire Chronicles by Azizi is selling for RM31.92 on the online store, which is 20% off from the retail price of RM39.90. You, however will pay only RM27.93, or 30% off the retail price! As this is a super super deal, I urge you to take advantage of this offer, particularly as it is a limited time deal.
The following are the terms and conditions of the offer:
§ The offer is only valid for purchase of books from www.BookPlanet.com.my.
§ The purchase must be made between 20th Jan 2009 to 2nd Feb 2009.
§ The offer is only valid for individual book purchase and not for Powerpacks and Omnibus.
§ You must pay the price stated on the invoice first and BookPlanet will refund you the additional 10% discount. They will include a cheque for that amount together with your order. § The next step is very important. Please include “Bill” when entering your order details so
that the crew will know that you are entitled for this special deal. There will be a box where you can enter this detail when you are making the order. If you do not enter this detail, the staff will be unable to differentiate your order from the other orders, which means that you will not get that additional discount.
I personally think this is a great and fabulous deal as it offers you an opportunity to increase your financial knowledge at a fraction of the usual price. So take advantage of this offer, log on to www.BookPlanet.com.my and make your order now.
All the best for 2009.
BookPlanet/Joint Ventures/Bill Pax
In the interest of serving you below is an unusual offer to upgrade your knowledge and skills from my friend Azizi Ali who is a famous writer, motivator and financial consultant . This is a one time deal for you to upgrade yourself at a very reasonable price. Please read the below message from Azizi:
RegardsBill and Martin
Happy new year!
A good friend of mine, The Millionaires Coach Azizi Ali, has just launched a new online bookstore www.BookPlanet.com.my. I’ve logged onto the site and find it very useful. More importantly, most of the books are selling at discounts ranging from 10% all the way up to 40%. Of course, some of the books are packaged together and selling at fantastic discounts. Further, you can also get free copies of his latest eBook on wealth creation How I Made Millions From Lessons Learnt From Tun Daim if you purchase his Omnibus.
The best news is that I’ve managed to convince him to give you a Special Deal for the new year. If you make a purchase from the store between 20th Jan 2009 to 2nd Feb 2009, you will get an additional 10% off the prices of the books. That’s right – you will get an additional 10% off from whatever discount is listed on the website! For example, The Millionaire Chronicles by Azizi is selling for RM31.92 on the online store, which is 20% off from the retail price of RM39.90. You, however will pay only RM27.93, or 30% off the retail price! As this is a super super deal, I urge you to take advantage of this offer, particularly as it is a limited time deal.
The following are the terms and conditions of the offer:
§ The offer is only valid for purchase of books from www.BookPlanet.com.my.
§ The purchase must be made between 20th Jan 2009 to 2nd Feb 2009.
§ The offer is only valid for individual book purchase and not for Powerpacks and Omnibus.
§ You must pay the price stated on the invoice first and BookPlanet will refund you the additional 10% discount. They will include a cheque for that amount together with your order. § The next step is very important. Please include “Bill” when entering your order details so
that the crew will know that you are entitled for this special deal. There will be a box where you can enter this detail when you are making the order. If you do not enter this detail, the staff will be unable to differentiate your order from the other orders, which means that you will not get that additional discount.
I personally think this is a great and fabulous deal as it offers you an opportunity to increase your financial knowledge at a fraction of the usual price. So take advantage of this offer, log on to www.BookPlanet.com.my and make your order now.
All the best for 2009.
BookPlanet/Joint Ventures/Bill Pax
11:20 am - FKLI gap down due to DJIA - 4 pct loss !
Regional markets are recovering their ground now !
Tuesday, January 20, 2009
11:24 am - The Habit of Mindfulness by Brett N.Steenbarger
The Habit of Mindfulness
By Brett N. Steenbarger, Ph.D. "Our joy, our peace, our happiness depend very much on our practice of recognizing and transforming our habit energies. There are positive habit energies that we have to cultivate, there are negative habit energies that we have to recognize, embrace and transform. The energy with which we do these things is mindfulness. Mindfulness is a kind of energy that helps us to be aware of what is going on. Therefore, when the habit energy shows itself, we know right away. "Hello, my little habit energy, I know you are there. I will take good care of you." In recognizing it as it is, you are in control of the situation. You don't have to fight it; in fact the Buddha does not recommend that you fight it, because that habit energy is you, and you should not fight against yourself.
You have to generate the energy of mindfulness, which is also you, and that positive energy will do the work of recognizing and embracing. Every time you embrace your habit energy, you can help it to transform a little bit. The habit energy is a kind of seed within your consciousness, and when it becomes a source of energy, you have to recognize it. You have to bring your mindfulness into the present moment, and you just embrace that negative energy: "Hello, my negative habit energy. I know you are there. I am here for you." After maybe one or two or three minutes, that energy will go back into the form of a seed, in order to re-manifest itself later on. You have to be very alert."
Thich Nhat Hanh
Transforming Negative Habit Energies
There is more to ourselves than our selves.When I am trading poorly, I stop observing the market. I become convinced of a scenario, locked in a bullish or bearish stance. Though I am not psychotic, there is an important sense in which I am out of touch with reality. I convince myself there is opportunity when there is none. I feel impelled to pick a bottom in a falling market. At those points, I am driven by emotional needs that are outside my conscious awareness.
The Russian philosopher and mystic G. I. Gurdjieff described people as sleeping: they walk, talk, eat, love, and work the automatic patterns and routines that we identify as our selves. That is how I trade when I trade poorly. I am operating mechanically, in a kind of sleep, impelled by forces that I do not control. I trade with my habitual self, not myself.
When I am trading normally, I closely observe the market. I watch volume at each price level to see if the market is facilitating trade or rejecting that level. I observe the proportion of volume hitting bids and the proportion lifting offers, catching swings in the short-term sentiment of large traders. I study the most recent market regimes and closely scan the correlated markets that lead my market: interest rates, oil prices, and various sectors. Throughout these observations, I am formulating hypotheses, and sometimes I test these hypotheses with trades. When I am trading normally, I behave like a scientist, using the outcomes of trades to inform me about the market and aid the reformulation of my hypotheses.
When I am trading well, I observe myself observing the market. I am aware of market action, but I am also conscious of my own reactions. My Internal Observer knows that, if I feel boredom or panic, other traders probably feel the same way. The Observer also knows my habits: that I will be tempted to pile on during breakout moves or place a trade shortly after a loser to get my money back. The Observer doesn't fight these tendencies. Instead, it dispassionately observes them even as I observe the market. I know I'm trading well when I say to myself, "Here is a place where I used to take that impulsive trade." I perceive my robotic tendencies, but they no longer control me. It is difficult to identify with a pattern and simultaneously stand apart from it as an observer. In the observing mode, I am more myself; my self recedes to the background.
Charles Tart, in his excellent book Living the Mindful Life, cited the patriot Patrick Henry as a source of spiritual wisdom for his words: "Eternal vigilance is the price of freedom." We only have free will when we activate the vigilance of self-awareness. We rarely think of trading as a spiritual discipline, but Zen Buddhists know better. Every task in life, Thich Nhat Hanh teaches, can be performed with or without awareness, from gardening to the pouring of tea. Like muscles, free will is strengthened with use. Gurdjieff used to call out to students to "Stop!" at random intervals, so that they could take the time to step outside themselves and activate self-awareness. Thich Nhat Hanh's Plum Village community in France used the ringing of bells for the same purpose.
These are alarm clocks that rouse us from sleep. It is not so difficult to remember ourselves--our goals and trading plans--but it is very difficult to remember to remember. At its best, trading teaches us to awaken; it rewards consciousness and punishes habit. It beckons us to replace our selves with ourselves.
By Brett N. Steenbarger, Ph.D. "Our joy, our peace, our happiness depend very much on our practice of recognizing and transforming our habit energies. There are positive habit energies that we have to cultivate, there are negative habit energies that we have to recognize, embrace and transform. The energy with which we do these things is mindfulness. Mindfulness is a kind of energy that helps us to be aware of what is going on. Therefore, when the habit energy shows itself, we know right away. "Hello, my little habit energy, I know you are there. I will take good care of you." In recognizing it as it is, you are in control of the situation. You don't have to fight it; in fact the Buddha does not recommend that you fight it, because that habit energy is you, and you should not fight against yourself.
You have to generate the energy of mindfulness, which is also you, and that positive energy will do the work of recognizing and embracing. Every time you embrace your habit energy, you can help it to transform a little bit. The habit energy is a kind of seed within your consciousness, and when it becomes a source of energy, you have to recognize it. You have to bring your mindfulness into the present moment, and you just embrace that negative energy: "Hello, my negative habit energy. I know you are there. I am here for you." After maybe one or two or three minutes, that energy will go back into the form of a seed, in order to re-manifest itself later on. You have to be very alert."
Thich Nhat Hanh
Transforming Negative Habit Energies
There is more to ourselves than our selves.When I am trading poorly, I stop observing the market. I become convinced of a scenario, locked in a bullish or bearish stance. Though I am not psychotic, there is an important sense in which I am out of touch with reality. I convince myself there is opportunity when there is none. I feel impelled to pick a bottom in a falling market. At those points, I am driven by emotional needs that are outside my conscious awareness.
The Russian philosopher and mystic G. I. Gurdjieff described people as sleeping: they walk, talk, eat, love, and work the automatic patterns and routines that we identify as our selves. That is how I trade when I trade poorly. I am operating mechanically, in a kind of sleep, impelled by forces that I do not control. I trade with my habitual self, not myself.
When I am trading normally, I closely observe the market. I watch volume at each price level to see if the market is facilitating trade or rejecting that level. I observe the proportion of volume hitting bids and the proportion lifting offers, catching swings in the short-term sentiment of large traders. I study the most recent market regimes and closely scan the correlated markets that lead my market: interest rates, oil prices, and various sectors. Throughout these observations, I am formulating hypotheses, and sometimes I test these hypotheses with trades. When I am trading normally, I behave like a scientist, using the outcomes of trades to inform me about the market and aid the reformulation of my hypotheses.
When I am trading well, I observe myself observing the market. I am aware of market action, but I am also conscious of my own reactions. My Internal Observer knows that, if I feel boredom or panic, other traders probably feel the same way. The Observer also knows my habits: that I will be tempted to pile on during breakout moves or place a trade shortly after a loser to get my money back. The Observer doesn't fight these tendencies. Instead, it dispassionately observes them even as I observe the market. I know I'm trading well when I say to myself, "Here is a place where I used to take that impulsive trade." I perceive my robotic tendencies, but they no longer control me. It is difficult to identify with a pattern and simultaneously stand apart from it as an observer. In the observing mode, I am more myself; my self recedes to the background.
Charles Tart, in his excellent book Living the Mindful Life, cited the patriot Patrick Henry as a source of spiritual wisdom for his words: "Eternal vigilance is the price of freedom." We only have free will when we activate the vigilance of self-awareness. We rarely think of trading as a spiritual discipline, but Zen Buddhists know better. Every task in life, Thich Nhat Hanh teaches, can be performed with or without awareness, from gardening to the pouring of tea. Like muscles, free will is strengthened with use. Gurdjieff used to call out to students to "Stop!" at random intervals, so that they could take the time to step outside themselves and activate self-awareness. Thich Nhat Hanh's Plum Village community in France used the ringing of bells for the same purpose.
These are alarm clocks that rouse us from sleep. It is not so difficult to remember ourselves--our goals and trading plans--but it is very difficult to remember to remember. At its best, trading teaches us to awaken; it rewards consciousness and punishes habit. It beckons us to replace our selves with ourselves.
Monday, January 19, 2009
Saturday, January 17, 2009
9:34 am - US STOCKS-Wall St rises on energy gain, financials cut losses
US STOCKS-Wall St rises on energy gain, financials cut losses By Leah Schnurr NEW YORK, Jan 16 (Reuters) - U.S. stocks rose on Friday on strength in theenergy sector and companies that hold up well in recessions, while reassuringcomments from Britain's Barclays late in the day helped financials cut lossesthat had driven the market lower earlier. The banking sector was in the spotlight throughout the session after afresh $20 billion government capital injection for Bank of America revivedworries about the fate of the sector. "For better or for ill, we have to at least keep the banks going," saidPaul Nolte, director of investments at Hinsdale Associates in Hinsdale Illinois."Investors are struggling with what is happening and that's why we're seeing thevolatility." The S&P financial index pared steep declines to end down 2.4 percentafter Barclays said it expected next month to report pretax profit for 2008"well ahead" of analysts' estimates. Barclays comments came a few hours afterits shares had plummeted by 25 percent in European trade. Energy shares rose along with a rebound in the price of oil, whileMcDonald's was the Dow's biggest lift, offsetting the drag from Bank of Americaand JPMorgan Chase & Co. The Dow Jones industrial average rose 68.73 points, or 0.84 percent, to8,281.22. The Standard & Poor's 500 Index gained 6.38 points, or 0.76 percent,to 850.12. The Nasdaq Composite Index was up 17.49 points, or 1.16 percent, at1,529.33. Markets will be closed on Monday for the Martin Luther King Jr. Dayholiday, a day before the inauguration of President-elect Barack Obama. Friday marked an end to the stock market's run under the administrationof President George W. Bush. The S&P 500 lost more than 35 percent of its valuesince the day Bush took office in 2001, wiping out more than $4.6 trillion ofinvestor wealth during his eight-year presidency. By contrast, under his predecessor, William Clinton, the S&P tripled,gaining more than $9 trillion. On the heels of the financial lifeline for Bank of America, the bankposted its first quarterly loss in 17 years, while Citigroup also reported ahefty quarterly loss and said it plans to split into two units. For moredetails, see . Citigroup fell 8.6 percent to $3.50. Bank of America and JPMorgan Chase & Co were the Dow's biggest drags,falling 13.7 percent to $7.18 and 6.2 percent to $22.82, respectively. AlthoughJPMorgan is viewed as being healthier than Bank of America and Citigroup, itposted a hefty decline in quarterly profit on Thursday. Despite the maneuvers surrounding the financial sector, analysts saidworries persisted over the health of the group and whether banks will need toraise more capital as they struggle to deal with the credit crunch and globaleconomic slowdown. McDonald's gained 2.9 percent to $59.67 after its chief executive toldCNBC television the company expected to continue paying dividends.. Energy shares, including Exxon Mobil, rose along with oil prices as shortcovering overshadowed a gloomy demand outlook. U.S. crude was up $1.11 to $36.51a barrel, while Exxon gained 1.9 percent to $78.10. Highlighting the deteriorating economy, there was no let up in companiesannouncing job cuts. Advanced Micro Devices Inc said it would cut 1,100 jobs,while The Wall Street Journal reported that drugmaker Pfizer Inc plans to layoff as many as 2,400 sales staff.
Friday, January 16, 2009
Subscribe to:
Posts (Atom)
Posts
