| Technical Analysis Weekend Outlook Short Term |
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| Sunday, June 18, 2006 |
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THE BURNING BED--Weekend Note From Dr. Janice
June 4, 2006 was a day to remember and one filled with many lessons learned about life and trading.
It was a Sunday, not unlike any number of Sundays in the past. I awakened to the stillness of nature, lit my lavender- scented candle, put the yoga mat down on the bedroom floor, fired up the VHS ( how 20th Century of me), and prepared for Sunday yoga. Within two minutes, I heard the doorbell ring. I ignored it. It rang again and I ignored it. Then, the pounding on the door began in earnest. I did something which I have never done. Never. I left my room, left the yoga and answered the door. It was an old friend, stopping by with supplies and to say "Hello." Of course, I invited him to come in, and we proceeded to sit down in the living room to chat.
Within about three minutes, I heard the blaring sound of the smoke alarm. I was in disbelief and immediately came to the conclusion that the alarm had malfunctioned and all I would have to do was to find a way to turn it off. As I ran toward the alarm, I looked into my bedroom and saw- to my shock and amazement -that my bed was on fire. My bed was burning and flames were everywhere, shooting to the ceiling and spreading rapidly to the nearby bed table and up into the window coverings.
Horrified, I ran headlong into the room, screaming for my friend to bring water; and ,immediately began fighting the fire with my bare hands. It seemed the harder I fought, the more the fire spread. I was not convinced that it was going to be impossible to put out the fire. Seconds seemed like hours. My friend brought a small amount of water, but it was not enough. I ran from the room to get more water. By then, the entire mattress was on fire, and smoke filled the room. Finally, we managed to put out the fire, leaving the room, the carpet, the mattress, books, papers and everything in sight in am haze of smoldering smoke.
My hands were burned badly, and I suffered intense smoke inhalation which left me barely able to speak for one week. Soaking the hands in water for endless hours, alternating with aloe vera leaves and emu oil minimized any scaring.
By trying to be a hero, I ended up damaging myself. Then- I decided to get over myself and get on with it.
Please don't feel sorry for me? Hey- I am here and writing to you, so it can't be all that bad! Learn from my mistakes, just as I have learned. Remember that life is not about what happens to you. It is about who you are as a person and what you do with what happens to you. Our task, when faced with adversity, is to learn from it as we heal, repair and restore. Every end is a beginning, and there are lessons to be learned from every waking moment. Get over yourself, and see everything as a gift. Life is meant to be lived to the fullest. In life, as in trading, failure is not about falling down. Failure is refusing to get up. Failure is not the falling down. It is the staying down.
Market and Trading Lessons Learned From The Burning Bed:
- Let the market make your decisions not your ego
- Follow your trading plan, and do not deviate
- If you are trading, trade. Do not allow interruptions of any kind
- When in doubt, get out
- Avoid risky ventures
- Stop watching the ticker because you will end up trading too often and get hurt in the process
- Do not fight the tape
- Take personal responsibility for every trade ( just as you take personal responsibility for every action you take)
- Denial is more than just a river in Egypt
- When you are in over your head and your hands are burning and you feel like you are suffocating, get help from a professional
- Failure is a state of mind. If you believe you are beaten, then you are. If you believe that you can survive anything that comes to you, then you are a winner.
Update: My condo is in chaos from the moving process. Boxes, books, papers, clothes. I have way too much stuff. My hands are healing nicely, and the chest X-ray showed minimal damage, I am back doing aerobics and yoga, am moving Monday to an lovely hotel, and my entire condo is getting a bright, spanking new spring makeover! When will I start writing again? Soon, very soon. Why? First, I can't stop writing about the markets because it is a consuming passion. But foremost--according to John Lansing-- a truly remarkable human being, who I am proud to call my friend, who guides you fearlessly and with intense courage though the treacherous market trenches every day, who founded www.trending123.com and grew it to become one of the premier technical trading sites in existence today --your rat brains are about to get the better of you. So, consider yourselves on high rat brain alert!
Janice Dorn, M.D., Ph.D
June 17, 2006
DOW
DOW BULLISH PERCENT INDEX
NASDAQ ISSUES ADVANCING
HHH MONTHLY CHART
INTC 2000
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