Xmas Indicator for 2012

Published in December 21st, 2011
Posted by ray in Market Commentaries
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BarroMetrics Views: Xmas Indicator for 2012
Many years ago I read an article about the ‘Santa Claus Rally’ and ‘The January Barometer’.  Since reading the article, I have incorporated both into my trading plan.
The Santa Claus Rally takes in the last five days of a year and the first two days in January.  If a rally […]

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Deju Vu

Published in December 19th, 2011
Posted by ray in Market Commentaries, Psychology
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BarroMetrics Views: Deju Vu
In 1980, I sold my legal practice and turned to full-time trading. At the time, Gold was in a downtrend, and I seemed to pick to go short the precise day when it would correct up for 2 to 3 days. I compounded the loss by stopping and reversing (so from short, […]

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Europe and the US

Published in December 16th, 2011
Posted by ray in Market Commentaries
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BarroMetrics Views: Europe and the US
Watching CNBC last night, I could not help by be struck how TV has augmented effects of the recency bias.  When Non-Farm for November came out showing an unemployment rate of 8.6%, I was expecting the commentators to jump on the hype bandwagon that the US was well on the […]

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S&P Dec 15 2011

Published in December 15th, 2011
Posted by ray in Market Commentaries
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BarroMetrcis Views: S&P Dec 15 2011
The whipsaw price action has left a trail of losses in its wake.
Figure 1 has my take on the pattern that is forming: I think it’s forming a triangle (hence the whipsaw price action) with Wave ‘c’ to complete (go to the bottom of the trendline) and Wave ‘d’’s low […]

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The European Summit

Published in December 12th, 2011
Posted by ray in Market Commentaries
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BarroMetrics Views: The European Summit
If you read the papers, you’ll see conflicting views on who ‘won’ at the meeting. Most seem to agree that Sarkozy came out in front mainly because the UK stopped Merkel from getting all 27 EU members to the treaty change. In my view that is confusing the appearance with the […]

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The Power of Habit

Published in December 6th, 2011
Posted by ray in Psychology
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BarroMetrics Views: The Power of Habit
Neurology has shown that conscious decision-making is energy depleting - the more we exercise our reason without a break, the more likely we are to make mistakes, breach discipline etc. Neurology has also shown that activities governed by our subconscious use little energy. It therefore makes sense to train ourselves […]

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