http://www.makepovertyhistory.org Twisted Grooves: dead cat bounce and another way to get rich

Tuesday, February 06, 2007

dead cat bounce and another way to get rich



this image and post represents my entry into the world of high risk investments. i've always dreamt of being a player in stock trading. i was one of those who watched and salivated while young entrepreneurs were getting rich during the internet revolution. they were mere mortals with thick glasses, creepy fashion sense and i don't-know-what hairdos but they invested in stocks and/or created websites-some with killer applications, some with bubble heads that eventually burst. but still, the ferraris, the mansions and the hot chicks (hehe) that goes with being a millionaire stuck in my head. sounds like i'm this materialistic/worldly dude haha! well maybe i have that evil side of me but Jesus won't mind if i get those cars and real estate, right? ok the hot chicks should be Xed out. :D

the past couple of weeks there was a sudden upswing of interest for me because of the "better than good" news in the economy. i started to read the business page and began talking to people who shared the same interest. one thing led to another and i was already trying to decipher what resistance and support levels meant. a new found friend of mine who was a stock analyst and now an active trader was sending me technical reports that had such terms like buy on rally, breakout, breakdown, consolidation. those are the simpler ones, wait till you get to the ascending triangle, dead cat bounce, tweezers bottoms and tops. haha! i didn't expect this to be so mind-boggling but after reaping some hard cash, i proclaimed that i'm now a believer. i'm still in that big learning curve studying my next little steps so wish me luck :)

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