The postings and charts in this blog are based on my personal opinion only and do not constitute investment advice. The blog owner shall not be liable for any losses incurred by readers who take investment action based on these postings. These postings are not inducements to buy or sell. Please seek professional advice for further clarifications when in doubt. Good Luck and have a profitable adventure.

Sunday, May 14, 2006

Charting: An Introduction to Technical Analysis and Its Concepts

Michael Tiny Saul has built a tremendous following among day traders, short-term stock traders, and swing traders with his insightful, unbiased, real-time, chat-based market analysis and commentary in the Trendfund.com live trading chat room. Each and every day he diligently analyzes the stock market with self-taught routines to uncover the best trading opportunities. In his new book, Charting, an Introduction to Technical Analysis and its Concepts, Saul divulges the technically based analysis and routines he employs in his real-time and end of day work.

Unlike most books on technical analysis, which include too much extraneous material and leave the trader poorly equipped to face daily challenges, Saul focuses on how to use a specific set of technical methods into a unified strategy for selecting short-term trading opportunities in all market environments.

Instead of being deluged with technical concepts, Saul teaches traders to focus on the methods necessary to pull the trigger on trades. Experienced traders will find Saul’s direct and easy to follow approach a breath of fresh air as he concentrates on what trading is really all about: finding consistent money-making opportunities.

From the Publisher

In the middle of 1999 both Michael Tiny Saul and I were members of another online chat room (that shall go nameless!). I was making money and doing very well on my own through what we now call Trend Trading, but people in that room kept talking about this thing called Technical Analysis, or Charting. I had heard about this concept and given that I was, and still am, always looking for an edge, it seemed intriguing to me. I asked someone in the room, who had befriended me, what I could do to learn about Technical Analysis and he steered me toward, well, TINY. I remember feeling a little weirded out by the fact that upon my very first contact with Tiny, he gave me his home phone number and told me he’d be happy to help me. Being a good New Yorker, I’m always a little skeptical when someone I’ve never met offers to help me and gives me their home number the very first time I have contact with them! New York isn’t Kansas, after all, ya know! But, since I was hungry to learn about Technical analysis, I called Tiny. The first conversation we had lasted, from what I recall, several hours. He was honest, open, informative and VERY funny. Later I found a deeper side. Tiny is genuine, kind and profoundly interested in helping other people. And, maybe most of all, he was extremely passionate about Technical Analysis! He seemed to know EVERYTHING! And, even better, he was interested in learning MORE and helping others, just like I was. I think it was our third conversation where I told him a little about myself and that I was thinking about starting my own website to help other traders make money and be successful. He said that was great but I think he was probably thinking to himself, oh boy, another big shot wannabe!. Shortly thereafter, I asked Tiny to be my Chief Technical Analyst of what would eventually become Trendfund.com. My jaw drops every time I see Tiny do a seminar, or listen in on an online class. He is a true teacher and believer in what he does, and the good it can do for others. When WE started Trendfund.com the idea was to create a community for traders that was safe from the investing community and the media’s ideas of what was right about the market. Given my scattered family background, in hindsight I think I wanted to create a new extended family of traders, all looking to help each other make money, and be successful in other areas of their lives. Tiny has been possibly THE driving force for the success of Trendfund.com outside myself. His passion empowers 1000s of others to seek their own dreams and achieve their own successes. When I asked Tiny to work with me for nothing, I promised him that one day he’d make a lot of money with Trendfund.com. All I asked him was for him to remain passionate and loyal to our members, and to put their needs as equal to his own. Tiny has kept that promise to me, and I’ve kept my promise to him. He’s helped grow Trendfund.com from a tiny trading community into the true leader in alternative investing. I’m profoundly grateful that I happened upon Tiny from the other chat room. Like everything else in life, I believe there are no coincidences. I’m glad that I made that first phone call and didn’t let my imagination run wild. Tiny is one of the good guys and I am proud to be a part of Tiny’s first book! I congratulate my partner and my very good friend, Tiny, and wish him continued success — no one deserves it more than he! Whether you are a total newbie (new to Technical Analysis), and don’t know a head and shoulders from a tongue in cheek, or you are a wise old chartist, I believe this book will provide you with not only the foundation to begin your wonderful journey as a trader (or investor), but the power to enact it for PROFITS! Enjoy his book and tell him about it, cause it’ll give him a big smile. MICHAEL Waxie PARNESS CEO Trendfund.com CEO Trend Trading to Win