US DOLLAR devaluation

The budget deficit will only increase leading to further devaluation of dollar as currency. It is only if growth picks up and investor confidence returns then deficit as percentage of GDP will decrease. We are looking at a time span of 5-6 years before that happens.

Expect dollar devaluation and invest in euro.

breakout heavy volume (all us stocks)(26/09/08)

1. SXCI
2. QCOR
3. SQNM
4. EBS
5. BHV
6. SDK
7. SJL
8. WWY
9. MTXX
10. NLCI
11. RGCO
12. WNI
13. HRH
14. OTEX
15. KBW
16. ENSG
17. PHHM
18. SPAN
19. CSCX
20. IVD
21. MOV
22. OPOF
23. SHBI
24. SBSI
25. AUBN
26. CSFL
27. NNN
28. RPT
29. WEDC
30. TMTA
31. ASHW
32. DCM

new opportunities

Visa is holding out very well in a bear market. Do not know how this will evolve. In case it holds out then this shows a coil formation and has a huge upside.

Books on trading

Here is a nice list of books for trading:

• A Complete Guide to Technical Trading Tactics by John L. Person


• A Short Course in Technical Trading by Perry J. Kaufman


• Against the Gods: The Remarkable Story of Risk by Peter L. Bernstein


• Beating the Street by Peter Lynch and John Rothchild


• Blink: The Power of Thinking Without Thinking by Malcolm Gladwell


• Bollinger on Bollinger Bands by John A. Bollinger


• China Shakes the World: A Titan's Rise and Troubled Future by James Kynge


• Common Stocks and Uncommon Profits by Philip A. Fisher


• Contrarian Investment Strategies in the Next Generation by David Dreman


• Creating Wealth: Retire in Ten Years by Robert G. Allen


• Dave Landry on Swing Trading by Dave Landry


• Encyclopedia of Chart Patterns by Thomas Bulkowski


• Enhancing Trader Performance by Brett N. Steenbarger


• Entries and Exits: Visits to 16 Trading Rooms by Dr. Alexander Elder


• Evidence-Based Technical Analysis by David R. Aronson


• Financial Fine Print: Uncovering a Company's True Value by Michelle Leder


• Financial Freedom Through Electronic Day Trading by Van K. Tharp


• Financial Shenanigans: Detect Accounting Gimmicks & Fraud by Howard M. Schilit


• Fire Your Stock Analyst by Harry Domash


• Fooled by Randomness: The Hidden Role of Chance by Nassim Nicholas Taleb


• Fortune's Formula by William Poundstone


• Four Steps to Trading Success by John F. Clayburg


• Getting Started in Chart Patterns by Thomas Bulkowski


• Getting Things Done by David Allen


• Good to Great: Why Some Companies Make the Leap and Others Don't by Jim Collins


• Hedge Fund Masters by Ari Kiev


• Hedgehogging by Barton Biggs


• High Probability Trading by Marcel Link


• Hot Commodities by Jim Rogers


• How Charts Can Help You in the Stock Market by William L. Jiler


• How I Made 2,000,000 in the Stock Market by Nicolas Darvas


• How to Buy Stocks by Louis Engel


• Inside the House of Money by Steven Drobny


• Intermarket Analysis: Profiting from Global Market Relationships by John J. Murphy


• Investing with Exchange-Traded Funds Made Easy by Marvin Appel


• It's When You Sell That Counts by Donald L. Cassidy


• Japanese Candlestick Charting Techniques by Steve Nison


• John Neff on Investing by John Neff


• Liar's Poker: Rising Through the Wreckage on Wall Street by Michael Lewis


• Market Wizards by Jack D. Schwager


• Mastering the Trade by John F. Carter


• Methods of a Wall Street Master by Vic Sperandeo


• New Market Timing Techniques by Thomas R. DeMark


• Now, Discover Your Strengths by Marcus Buckingham


• Option Volatility & Pricing: Advanced Trading Strategies by Sheldon Natenberg


• Options for the Stock Investor by James B. Bittman


• Options, Futures and Other Derivatives by John C. Hull


• Pit Bull: Lessons from Wall Street's Champion Day Trader by Martin Schwartz


• Pivot: How One Simple Turn in Attitude Can Lead to Success by Alan R. Zimmerman


• Professional Stock Trading: System Design and Automation by Mark R. Conway


• Reminences of a Stock Operator by Edwin Lefèvre


• Rule #1: The Simple Strategy for Successful Investing by Phil Town


• Screening the Market by Marc H. Gerstein


• Secrets For Profiting in Bull and Bear Markets by Stan Weinstein


• Stock Market Primer by Claude N. Rosenberg


• Studies in Tape Reading by Rollo Tape


• Sun Tzu on Investing by Curtis Montgomery


• Technical Analysis Explained by Martin Pring


• Technical Analysis of Stock Trends by Edwards and Magee


• The Art of Low Risk Investing by Michael Zahorchak


• The Essays of Warren Buffett : Lessons for Corporate America by Warren E. Buffett


• The Four Pillars of Investing by William J. Bernstein


• The Future for Investors by Jeremy Siegel


• The Global-Investor Book of Investing Rules by Philip Jenks and Stephen Eckett


• The Inner Game of Tennis by W. Timothy Gallwey


• The Intelligent Investor by Benjamin Graham & Jason Zweig


• The Master Swing Trader by Alan S. Farley


• The Maui Millionaires by Diane Kennedy and David Finkel


• The Millionaire Next Door by Thomas J. Stanley


• The Misbehavior of Markets by Benoit Mandelbrot and Richard L. Hudson


• The Neatest Little Guide to Stock Market Investing by Jason Kelly


• The New Market Wizards by Jack D. Schwager


• The New Money Masters by John Train


• The New Science of Technical Analysis by Thomas R. Demark


• The New Trader's Tax Solution by Ted Tesser


• The Only Investment Guide You'll Ever Need by Andrew Tobias


• The Psychology of Trading: Tools and Techniques by Brett N. Steenbarger


• The Secrets of Economic Indicators by Bernard Baumohl


• The Single Best Investment: Consistently Creating Wealth by Lowell Miller


• The Stock Market Jungle by Michale Panzner


• The Stock Trader's Almanac 2007 by Yale Hirsch


• The Total Money Makeover: A Proven Plan for Financial Fitness by Dave Ramsey


• The Vital Few vs. the Trivial Many by George Muzea


• Timing the Market: Using the Yield Curve, TA, and Cultural Indicators by Deborah Weir


• Trade Stocks & Commodities by Larry Williams


• Trade Your Way to Financial Freedom by Van K. Tharp


• Trader Vic II--Principles of Professional Speculation by Victor Sperandeo


• Trading Classic Chart Patterns by Thomas Bulkowski


• Trading for a Living by Alexander Elder


• Trading in the Zone: Master the Market with Confidence by Mark Douglas


• Trading Rules by William F. Eng


• Trend Following by Michael W. Covel


• Trend Trading: Timing Market Tides by Kedrick Brown


• Ugly Americans by Ben Mezrich


• Unconventional Success by David F. Swensen


• Understanding Options by Michael Sincere


• Way of Warrior Trader by Richard D. McCall


• When to Sell by Justin Mamis and Robert Mamis


• Winning on Wall Street by Martin Zweig


• Yes, You Can Time The Market by Ben Stein

(thanks to :http://www.thekirkreport.com/2006/11/the_100_most_in.html)