Stan Weinstein's Secrets For Profiting in Bull and Bear Markets (Paperback)

"Stocks form bottoms when the current news is terrible and top out when the public is ecstatic about glowing earnings reports, stock splits, and so on. It’s therefore not surprising that typical traders and investors buy near the top, when the news is great, and then dump their stock for big losses, near the low, when the media are reporting ghastly news. It’s not luck (good or bad) that causes consistent losses for the public and consistent profits for the real professionals, but the rules by which the two groups are playing. It’s really no different from a professional poker player who understands the odds and refuses to pull to an inside straight, while the amateur lets his hunches and feelings lead him into losses."

The above is a quote from Stan Weinstein’s book Secrets for Profiting in Bull and Bear Markets.

http://www.amazon.com/gp/product/1556236832/ref=sib_rdr_dp/103-2671716-1265425?me=ATVPDKIKX0DER&no=283155&st=books&n=283155

Understanding Technical Analysis

Two good Books:

The Technical Analysis Course
by: Thomas A. Meyer
Available From Equis International
1-800-882-3040

Technical Analysis From A to Z
by: Steven B. Achelis
Also Available From Equis International

Notice! ...... Both books can usually be found in most public libraries.

Technical analysis is a very reliable tool for forecasting market trendsand timing market changes. Technical analysis can be very accurate. It isalso very ... unemotional. It has been proven time and again that stocksmove in trends. Technical analysis is used to spot those trends.

Technical analysis is best defined as ... the study of individual securitiesand the overall market based on supply and demand. Technicians usecharts and graphs to study past and future probability of stock prices.Historical stock price and volume activity is used to program their charts.

http://www.stockmarketroundup.com/page26.html

Introduction to Fundamental Analysis

As the market relentlessly calls into question virtually every portion of your stock portfolio, even the most independent-minded investor can start doubting himself. You wonder, did I make the right decisions when I bought these stocks? To answer yourself in any rational fashion, you need to be able to judge whether circumstances, not just psychology, have changed for your holdings.

In times like these, strong fundamental analysis becomes key to your conviction. With this in mind, welcome to our five-part series on the how-to of fundamental analysis: what it is, how to read a balance sheet, and how to read an income statement.

As the pundits rant about Russia, rate cuts, devaluation and deflation, you're probably looking at your now-droopy portfolio thinking, "This is the same bunch of stocks I owned happily a month ago. How did the world get so ugly so fast?"

It's a good question, because chances are your companies haven't changed much. It's investor psychology that has.

You could try to chase that psychology by day trading. Or you could opt out of the daily grind altogether, on the theory that you know your companies' prospects as well or better than anyone. In the long run you'll be vindicated. Psychology dissipates, fundamentals endure.

The Internet -- long hailed as a day-trader's dream -- actually provides the weapons investors need to do serious company analysis. Sure, the Net can give traders the unprecedented ability to skim teenies off the volatility du jour from the comfort of their living room. But it also provides investors with nearly unlimited access to the financial data needed for fundamental analysis of a company's future.

To understand the difference between pure fundamental analysis a la Warren Buffett and its day-trading cousin, technical analysis, think of the market as an open-air bazaar with stocks as items for sale. A technical analyst would wade into the shopping frenzy with eyes seeking the crowd. He would ignore the goods for sale altogether.

http://www.thestreet.com/basics/fundamental/145556.html

Averaging Up a Winner is Good

Averaging Up a Winner is Good; Averaging Down a Loser is Bad.

Averaging a loser is a no no. If a market is going against you -- it is not a time to acquire more at "cheaper prices". Don't do it .

On the other hand, adding to a position or averaging up or pyramiding -- is smart.

Sales often draw big crowds, and understandably so. But don't seek discounts when it comes to investing. Sure, it may be tempting to add shares of a stock you own if it moves down in price from what you paid for your initial investment. But that can be dangerous, especially if it pulls back on heavy volume. Why risk a bigger fall by buying when a stock gets weaker? Better to average up when a winning stock displays strength. A stock that breaks out of a sound base into new high ground shows support from mutual funds and other big players. Pyramiding, as the process is called, helps lower risk since you invest less money at higher prices.

http://www.turtletrader.com/average-up.html

Using Technical Analysis by Cliff Pistolesse

For today's investor, a thorough understanding of technical analysis can mean the difference between realizing substantial gains or mediocre returns. As a part of a series of outstanding self-teaching seminars, Using Technical Analysis is designed to immerse the investor in the essentials of implementing and interpreting technical analysis techniques in order to make more profitable investment decisions.

In this roll-up-the-sleeves, innovative home workshop, expert Clifford Pistolese presents a unique system designed to help you use and analyze stock market charts...a system essential to learning all there is to know about how the market rises or falls. To help you learn technical analysis, this convenient volume utilizes extensive self-teaching materials. The author first explains a complete array of iinformation on using technical analysis, then presents simulated exercises to assess your understanding of the subject.

Individual investors, financial advisors and consultants, stock brokers, traders, and other investment professionals interested in the advantages of using technical analysis should not be without this definitive source.

http://store.yahoo.com/stockcharts/usteanclpi.html

Authoritative ... all-inclusive ... and up-to-date!

This is an invaluable tool for traders/investors at all experience levels. In John Murphy's latest book, Technical Analysis of the Financial Markets, he takes the principles from his 1986 best-selling book and expands it to cover all the financial markets. If you invest in the stock market, this is an investment you cannot overlook.

Learn the fundamentals of technical analysis and chart construction Guides you from the basics of charting through the latest computer technology Shows you 400 real-life charts that clarify every key point Teaches you how to pull it all together and make it work for you.

Cited in research studies by the Federal Reserve, John Murphy's Technical Analysis of the Futures Markets, a comprehensive guide to the concepts of technical analysis and their applications to the futures markets, is widely considered the "bible" in its field. Now, in response to widespread demand, John Murphy has completely updated and revised this landmark volume, broadened its scope, and expanded it to cover all financial markets.

http://store.yahoo.com/stockcharts/teanoffimajo.html

ASL MARINE

Bearish Alert: Dragron Fly Doji below 20 and 50 days simple moving average.

Resistances:

1. 50 day simple moving average at 72.5 cents

2. 20 day simple moving average at 73 cents

3. Green Bold Line at 74 cents

Support:

1. Blue dotted line at 71.5 cents

2. Green dash line at 70.5 cents

3. Pink dash line at 69.5 cents

Jesse Livermore

Jesse Livermore, though he died over forty years ago, is still known today as one of the most colorful, flamboyant and respected market speculators of all time. Known by such epithets such as “Boy Plunger”, the “Great Bear”, “The Wall Street Wonder ”and the “Cotton King”, Livermore both made, and subsequently lost, four multi-million dollar fortunes during his career as a speculator, which spanned three decades.

The man who was blamed for the 1929 crash and for precipitating in every market break from 1917 to 1940.

For the reader who is fascinated, as I always have been, with the life of Jesse Livermore, the King of the Speculators, I whole heartedly recommend that you read through the most sought after and best selling book ever written on the stock market.

http://www.stressfreetrading.com/jesselivermore.htm