I was reading an interesting book, Forget Selling: 12 Principles of Influence and Persuasion in Sales, Leadership, and Life , There was an interesting statement in it.
Technically the brain can not distinguish between a do and don't statement. This is because don't is not a noun so we do not visual it. (See you just tried to visual it, even when I said don't)
Don't think about the elephant.
Don't smoke
This is a sneaky way to persuade someone into doing something. Place the thought in their head and come back around to it.
Tuesday, August 7
Monday, August 6
Notes on Reading Stock Chart
Regular Chart Patterns - Learn them
Please note: I am not a financial advisor, take all you read here with a grain of salt.
Head and Shoulders - picture
Cup and Handle - picture
Double Top, Double Bottom - picture
Symmetrical Triangle - picture
Ascending Triangle - picture
Wedge - picture
Gap - picture
Triple Top - picture
Triple Bottom - picture
References:
Please note: I am not a financial advisor, take all you read here with a grain of salt.
Head and Shoulders - picture
Signals that the price will make a downward move after having moved up in past periods.
Inverse Head and Shoulder signals the opposite
Cup and Handle - picture
Signals that the price will continue in an upward direction after the handle after having moved down in past periods.
Pattern should be a nicely rounded formation, similar to a semi-circle.
The valley should be between one-third and two-thirds the size of the previous upward movement
Double Top, Double Bottom - picture
Sometimes called "Twin Peaks"
Double Top (M) - Signals a downward direction change after moving up in past periods
Double Bottom (W) - Signals an updated direction change after moving down in past periods
Symmetrical Triangle - picture
Signals a consolidation to a given price. Once consolidated it may move in original direction, but it can go in the opposite direction.
Ascending Triangle - picture
Triangle shape, the top of the triangle will be straight. Each "side" of the triangle should be "tested"/"touched" multiple times.
Signals the price is to take an upward direction.
The optimum point to get in on this is right before it moves above the top of the triangle.
Descending Triangle signals the exact opposite.
Wedge - picture
Looks a lot like the symmetrical triangles, however they tend to last over longer periods of time.
Good Question: What's the difference between a wedge and a triangle
Gap - picture
A gap doesn't signify much as far as price trending, other then drastic changes in price.
Triple Top - picture
Trend has to test the same limit 3 times
Trend has to fall to the same support 2 times
Each test of limit will be marked with declining volume
Signals a downward direction
Triple Bottom - picture
Trend has to test the same limit 3 times
Trend has to fall to the same support 3 times
Signals an upward direction
Be careful as this looks just like Triple Top but signals an upward trend.
References:
Investpedia
Random Links for Week of 07.31
Some random links from round the web:
- Teach Kids to Program - Scratch is a simple web based platform which makes it easy to learn programming.
- Creating a valued Blog - Very interesting article on how to create a profitable blog space.
- Using Code Review for Interviews - Using code reviews to help weed out people during interviews.
- Create Draggable CSS Windows - A simple way to implement draggable windows using scriptlicious.
- SitePoint - Request a design, list a price, watch the masses compete.
- Search for Code - A few different search engines that specialize in finding source code.
Thursday, August 2
Wednesday, August 1
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