My view has long been that day-to-day action is mostly noise; if you are looking for “signal” amongst the background static, you should focus on two things: Trend and Oscillators.

Trend smooths the noise and provides a basis for directional trading.

Oscillators allow you to determine when various metrics with probative value have reached extreme levels that frequently occur nearing major turning points.

The easy rationales (RTT:news stories of the day) for market action should be discarded as worthless; those who push such silliness to a gullible investing public should be looked at askance.

Those who claim to know actually know nothing.

...“It is impossible here to give an adequate idea of the Law of Vibration as I apply it to the markets. However, the lay man may be able to grasp some of the principles when I state that the Law of Vibration is the fundamental law upon which wireless telegraphy, wireless telephones and phonographs are based”...

William D Gann


.."Just because you’re taught that something’s right and everyone believes it’s right, it don’t make it right."..


Mark Twain

.."October: This is one of the peculiarly dangerous months to speculate in stocks. The others are July, January, September, April, November, May, March, June, December, August and February."..

Mark Twain


My experience has been that in successful businesses and fund management companies, which performed well over the long-term, some courageous decisions were taken. Courageous fund managers reduce their positions when markets become frothy and accumulate equities when economic and social conditions are dire. They avoid the most popular sectors, which are therefore over-valued, and invest in neglected sectors because being neglected by investors they are by definition inexpensive. The point is that it is very hard and that it takes a lot of courage for a fund manager to avoid the most popular sectors and stocks and to invest in unloved assets. Finally, every investor understands the principle ‘buy low and sell high’, but when prices are low nobody wants to buy.

Marc Faber




..."Politicians and diapers must be changed often, and for the same reason."..


Mark Twain