How I forecast

For a predictive 'what the market is gonna do in the next few days.' I couldn't really find anything. Isn't that totally amazing? All these pro looking sites on the net, some with big money and predictive software behind them and I couldn't find basically ANYTHING. I wanted a site where there was a big chart of the stock price for the QQQQ with candlesticks and then a predictive continuation for the next three days based on the indicators and the upcoming events in the market. Well since I couldn't find something like this searching with Google and Yahoo, I have created this for you. I consider this to be valuable seeing that apparently I'm the only one out there doing this. And I intend to expand this service as well with a chart and notations down the line. I already know how I am going to do this in the short term, I am going to use stock charts.com premium services so I can add my own notations with the chart I provide and the technical indicators.
Not only am I going to give you a honest heads up with a 75%+ accuracy in the short term, but I can give you a 90%+ accuracy in the longer term 3-6 months out.
Why more accurate the further out you go?, you may ask. That's because there is more random noise that is present with chaotic fluctuations and sudden news in the short term.

Let me be more clear on how I do this.

I am a technical chartist that also takes short term news into consideration. That makes me better than just pure technical chartists and better than just newshounds. Technical indicators are like a foundation to a house. When things get to certain points, being undersold or oversold, the stock in question tends to move in predictive patterns based on crown psychology of fear and greed. The MACD, RSI and Candlesticks are excellent tools that allow me to see the underlying structure of what I am studying on a daily basis: The QQQQ or the NASDAQ itself.
The underlying foundation, or the technicals are what the QQQQ usually follows more than 75% of the time except when there is a major news event that drives the markets. At times like that technicals are temporarily suspended and people react almost completely on the news itself. Then the technicals slowly take over again and the market once again become steered by the technicals. I can see when a reversal is coming, what things are likely to do, and if a trend is going to continue with a great deal of accuracy.
Not paying attention to the technicals and charts and moving averages and the candlesticks and the MACD and the RSI and just putting some money into the market is kinda like kicking in a door and cranking off some shots in the dark without knowing whats in there or what you are going to hit. Guys do that when they are driving. They don't want to ask for directions. (lol). There was a trader in Japan who invented Candlestick trading for the rice markets in the 1700s...he suddenly was making a lot of money with this and other traders took notice and began to use it as well. This was refined over time and an excellent book to purchase is candlestick trading by Steve Nisson. I dont get any money or kickbacks from this book, but you can find this in any brick and mortar bookstore or online. Its a real science and its pretty accurate.

Well thank you very much for visiting my blog and I hope the information you use here really helps your trading out. Again, I think you really cant find this information anywhere else...at least I couldn't. I really could have used this 10 years ago...a site telling me what the NASDAQ was going to do for the next three days. Anyway, I depend on you to spread the word. If you have a friend that trades, or just works in an office and trades a bit on the Internet at lunch, this blog is for them. Its a quick check to see the future direction of the market on a daily basis. I promise that not only will I update this on a daily basis during the trading week, but I will continue to grow and expand this site for your informational use, and profitability.
Again, thanks for visiting and happy trading!

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Rules for Success

Rules of Success
#1. You cannot do what everyone else does. You must do the opposite of what everyone else does.If you attempt to get in on something everyone else attempts to get in on, you are going to lose or never make it. Examples: Attempt to be a rock star,
Attempt to start a high traffic blog. Attempt to start a business from the ground floor with almost nothing and work it into a big successful business. Attempt to win Lotto. Start working in
the mailroom and work your way up to President. Attempt to make money online from online poker or attempt to make a living playing poker in live tournaments. Attempt
to make money in the stock market by trading the way everyone else does via reacting to the market.Attempting to make a living buying and selling on Ebay or Craigslist. Move out to LA and attempt to become an actor or actress.All not happening.
There are freaks out there. The lottery winners. The poker pros. The Motley Crues. A guy named Brad Pitt who dropped out of college and drove his peice of shit pickup truck from Minnisota to LA with the dream to become and actor to the extreame detriment of his parents and then ACTUALLY MAKING IT. (Approx 1 in 75,000,000) The monster blogger that makes over a 1000 dollars a day in ad revenue and only has to work 2 hours a day sitting in his ez recliner with his laptop. The guy who plays online poker for a living at home and makes 5000 a week doing it. The guy who started with a pen and traded his way up to a house on craigslist. Steve Pavalina, a monster blogger has tried to help 600 people + out on how to make a high earning blog. According to him 6 months later all of them ALL of them gave up. It doesnt work. Almost everyone that tries to be a rockstar has this happen to them: They send out demo tape after CD demo to all the record companies. No response. They play live all over the place. Nothing happens. They send out more PR releases and demo tapes. Nothing happens. 6 years later they give up and get office or factory jobs. 99.9 percent of bloggers that start a blog have this happen to them: They start a blog and then get a great design going. And blog for weeks. No one really starts following the blog. Theyll get about 11 people a day max following it and things will stagnate with no new traffic. No earnings via Googles adsense to speak of, every day they check it it will say 0.00 or 0.53 cents for the day. After 6 months 99% of new bloggers will throw in the towel. Most new businesses fail. It seems nothing works.
But something always works. Someone always wins the lotto eventually. Some one that starts a blog will be the one to have the blog that turns into a huge monster high paying blog that gets quoted on USA today. Someone will get signed and become the next Led Zepplin or Motley Crue.
The only problem is, its almost definately not gonna be you, according to the odds.
Imagine a room full of 300,000 million people. Now know that 25 of them are gonna be rockstars, 9 of them are going to start up monster high paying blogs, 80 of them are going to be high winning lottery winners, 12 of them are going to be poker pros that make big money and play televised games, 70 of them are going to make big money playing poker online for a living and are constantly going to be announced via thier online handle as the winner of online poker tournies on the popular sites week after week, such as Gigabet, a poplular online poker winner and player. 80 of them are going to have high selling online Ebooks. 6 of them are going to be big ticket actors or actresses.
The odds of getting hit by a bolt of lightning is 1 in 13,000,000. The odds of hitting a multi state lotto are 1 in 140,000,000. You could go through several lifetimes and not get hit by a bolt of lightning quite easily. 98% of all actors and actresses are not working as actors or actresses, they are waiting tables in LA waiting for thier big break that statistically is never going to come. When you see a behind the music or a show profiling the life of an actor or actress, you are watching a show basically on a lottery winner. They were: 1.In the right place at the right time 2.Were discovered at exactly at the right time by the right person on the right night 3. Had the right connections (family, producer, etc such as Miley Cyrus (Father Billy Ray Cyrus-music star) or Jennifer Anniston (Father William Anniston Soap Star and movie star) or Drew Barrymore (from a long line of actors and actresses)
The 300,000,000 people figure above is how many people there is approximately in the United States. There will be about that many people that 'hit' the lottery, that 'hit' and become high paying poker pros or become actors or actresses or become stock market mavens or start high paying websites. But the chances are you are not gonna be one of them.
So stop wasting your time trying to go through the same door that 300,000,000 people are trying to squeeze through.
Statistics say that

1. You are gonna waste your time and energy
2. You are going to spin you wheels and taste frustration and defeat
3. You will be ignored and be one of the screaming 300,000,000 million people vying for some kind of attention.
4. You will receive no monetary remuneration or recognition of your peers

Now if you want to blog just to get things off your chest and you don't care about the money or how many people are reading you, hey go for it. It could be fun.If you like playing poker for personal enjoyment, do it. If you just like playing small bars with your band and make a few bucks on the side, that's cool..if you enjoy it, you are doing the right thing. If you are 20 -23 years old and you REALLY want to try out the LA thing and want to try to be an actor or actress, go for it. But have a time limit. Give yourself say, a year or two MAX. Have money saved up on the side, know where you are going to live (maybe take a scouting trip out there first, and talk and meet with others trying to break in the biz and who are also going to open calls and signing up to be extras so you know what it is like and what you are getting into). If you hit, you hit. If you dont, go back on home and do what you were going to do in the first place, or finish college. There is one actor that was in the movie "Fired Up" (you can wikki it) that went out to LA and got a paying gig within a week. Once again, odds. Why is it do you think I even know about this actor or even saw him in a movie? Because he was the one out of many that actually made it, against the odds. There was a show on Bravo, or VH1 or one of those channels that do live documentaries called something like 'Making it'. It had cameras following 5 young people that were trying to break into the acting business...living in small studio apts, waitressing and squeezing in open auditions. Walking into a room of 100 beautiful blonds sitting there waiting for their turn. Rejection after rejection. Oh wait, the show was called "The It Factor". As the show went on from episode to episode following these guys and girls trying to break into acting in LA you would just watch the desperation and frustration of it not happening. Everybody wants to be an actor or actress, thats MAKING IT. Like becoming a famous rock star. Fame, money, privilege, recognition, power. The very few that squeeze through the door. The extremely VERY few. Try it, but know the odds, and have fun at the attempt, and have your backups and safeties in place. Ditto for becoming a rock star. Even the extremely talented rarely make it. Beck, the 90s alt music star lived on his friends couches living on cheerios in the early 90s, and did his own demo tapes. What should have happened was nothing. But he mixed down a song called 'Loser' and did this live at a club in LA and there SO HAPPENED to be some A&R music execs in the audience. A bidding war ensued. Gene Simmons of Kiss was in the audience at a club in LA in 1976 and caught a band full of young guys called Van Halen and thought they kicked ass, so he introduced them to Ted Templeton, the famous producer at Warner Bros records. All of these are VERY VERY VERY rare occurrences. What usually happens is what happened to the metal rock band 'Anvil'. Everyone in the early 80s copied their sound from Iron Maiden to any other metal band in the 80s but they are all broke and never made it...the lead singer works in a cafeteria. Still sending out demos at age 50.
#2. Do the opposite of what everyone else does, in other words, be Contrarian
What does this mean? This means if everyone zigs, you zag.
Example: Everyone goes out to LA and sits in every open call audition after another with 100'speople that are prettier than them and more talented and never getting any call backs. What makes you stand out from every other Ahole that is trying to do the same thing you are? Nothing. Imagine that you are a very pretty 19 year old blond. Most popular girl in high school. You decide that you are going to be an actress and you go out to LA and get an agent. He starts sending you to auditions. You walk in one audition and every girl sitting there is gorgeous. All 100 of them. All homecoming queens in their respective high schools. Suddenly, where is your edge? You got none. Or you are a real good looking 22 year old guy. Quarterback in high school, class stud. Now you walk into an audition for a movie in LA and you walk into a room full of guys just like you: all 22-23 years old, studly, all going for the same part. Advantage gone: Everyone who is pretty and goes to LA is joined by everyone else who is pretty and went to LA so now you are the same. Going for that same spot.
You can't go for the same door and squeeze through it with thousands of other people just like you. You need a back door. Its like arriving at a sold out showing of Star Wars with a line wrapped around the block outside the theater. Are you gonna be another chump standing in line toward the back? Or are you gonna figure another way in, like through a secret side door? Rules are made to be bent. People who follow the same rules the masses do get nowhere. You need an edge.
Do you know how Owen and Luke Wilson made it? They bypassed all of that and financed their OWN little movie short. They were nobodies with no connections. They scraped up some cash and made a short movie and sent it into Cannes film festival. It was received well, people noticed they were good looking and could act, the movie was good, and they became connected and got it through THIS BACK DOOR that hardly ANYONE uses. Vin Diesel did the same thing, that's how he got in. Do you remember the movie 'Desperado' with Antonio Banderas? The director that did that movie was famous...but he was a nobody that knew nobody when he did the original movie "El Mariachi"...He maxed out all his credit cards to buy and rent film and film equipment and actors to do that movie. The movie went big and he was then 'IN' as there is only IN and OUT in Hollywood. He did it the contrarian way.
Start a business that is a new idea, where nobody else has really thought of it, and something that you see a glaring need for that people will pay for. In short, invent a market for something that doesn't exist yet, but once it does, it will go big, with you being the biggest slice of the new pie.
For example, the kid that started Napster saw the new emerging tech of MP3s on the Internet and wrote a file sharing system (glaring need that people were not aware of yet) and it became Napster. Or the inventor of facebook (25 years old and a billionaire).
Stay away from trying to go pro in poker. Or trying to start a blog. That will kill your available time with the inefficient use of your time that you could be investing in something that will actually PAY OFF. And take a route that circumvents the way everyone else is trying to get it done and come up with an original way in...think Owen Wilson or Vin Diesel.


Tradinginsider

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