Subscribe Feed (RSS)Collected Wisdom of Oleman 2
July 17th, 2005 by eyal | Filed under General rant. |
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Collected Wisdom of “oleman” -
just about every trader reads the same books, but most of them dont think about what they read. Jessee Livermore spoke of “3 pushes to a top intra-day.” He didn’t trade indexes, of course, but his wisdom applies. Look at today’s 5 min shart. From the 12:30pm bottom, you see 3 distinct “pushes” to the top. On most days you can see the 3 pushes to a top. On bullish days, like Monday, that’s about all there is—three pushes up, separated by 2 pull-backs. That’s all you get tonite for free……Ol’ Jessee looked at a chart and saw 3 simple “pushes” to the top, and got rich—-several times…..
