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Re: keyotee post# 251

Thursday, 01/26/2017 1:20:04 AM

Thursday, January 26, 2017 1:20:04 AM

Post# of 262
I did not realize your a Forex and commodities market trader. I actually like the 24 hour trading. I did read Jessie Livermore book the Reminiscence of a strong operator but I personally like How I made 2 million in the Stock Market by Nicolas Darvas who would buy on 52 week highs and ride it into the next boxed range higher.

You have an interesting chat room here. I was waiting to see if the DOW would break 20k and it did so in my mind like Jessie Livermore always stated round even number never last so usually it pushes higher when it breaks upward. I expect the DOW to go up maybe another 5-10% between now and Spring but I do think your right that this Bull market has been going on too long and is over due for a correction. 4th longest in history.

From what I have read the last part of most bull runs will push stocks up 30-40% the final year before experiencing the correction. I plan on moving most my positions out of the stock market by May/June 2017 because its wont continue forever without having a 18-24 month mini recession.

The Trump enthusiasm wont change Congress. And in the end I do believe enthusiasm will wane as congress gets in the way.

I do believe that you have more knowledge in certain trading than me but I have always to know certain things about the market some of which I cannot find out about Market Makers! I have read a lot about it but most keep their secrets. Maybe we can chat sometime! Anyhow you have a good night!

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