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• Weekend Reading: Iran? Bomb? Silence…
  Posted by Leigh Drogen on May 9th, 2010 at 11:56 am, Comments: 0

  Although I don’t have a formal education is psychology, my study of political science, and specifically war theory has in many instances led me towards the study of how leaders, politicians, soldiers, and the public react to certain realities.  It really boils down to this.  People seem to yell, scream, and complain about things and [...]

• Momentum Book Update
  Posted by Leigh Drogen on May 7th, 2010 at 5:24 pm, Comments: 0

  David Geller would be proud of me this week, if he was still with us he’d take me out for a beer right about now, and pat himself on the back for teaching me well.  For those of you who don’t know, I cut my chops at a hedge fund in White Plains, NY called [...]

• Busted Charts
  Posted by Leigh Drogen on May 7th, 2010 at 1:44 am, Comments: 0

  Given what happened today in the markets with the evaporation of bids leading to crazy down spikes in many individual names and the indices, I believe it is prudent to make some decisions about how I’ll be looking at the charts produced by today’s action.  I will be ignoring for the most part anything that [...]

• The Day There Were No Bids (Literally)
  Posted by Leigh Drogen on May 7th, 2010 at 1:14 am, Comments: 0

  I stared at my screen today at 2:45 PM in almost utter disbelief.  6%…7%…8%…9%…10%…11%…it was the definition of crash. I went completely to cash last week, except for a very small position in gasoline.  I sat at my desk staring at my quote board and charts not believing what I was seeing.  Bids were literally [...]

• Is Greece, Bear Stearns Part II
  Posted by Leigh Drogen on May 4th, 2010 at 12:30 pm, Comments: 0

  Back in January I wrote a note regarding the possibility that the Greek debt problem and the subsequent market reaction was eerily reminiscent of the Bear Stearns crash.  The market knew there were underlying macro issues plaguing Bear, but not many were certain of how widespread those issues were throughout the Wall Street banks.  As well, [...]

• Weekend Reading: Origins
  Posted by Leigh Drogen on May 2nd, 2010 at 10:02 pm, Comments: 0

  It’s been a few weeks since my last weekend reading post, and I just want to say a few words tonight about that.  I started the weekend reading post as a way to share my favorite links each week.  In the beginning they were mostly market based, and as I went on, they began to [...]

• Momentum Book Update
  Posted by Leigh Drogen on May 1st, 2010 at 12:16 pm, Comments: 0

  Down down down to a burnin’ ring of fire, I went down down down, and the flames went higher.  Ok, maybe that’s a little melodramatic, but hey I’m not writing for the journal of astrophysical science here.  Look, there’s a reason I’m now 80% cash, this market isn’t acting right and it’s time to step [...]

• “The Big Short”
  Posted by Leigh Drogen on May 1st, 2010 at 9:02 am, Comments: 0

  I wrote a post a few weeks ago about Goldman Sachs and the capital markets in general.  If you haven’t read it you can do so here.  The gist of the piece was that the boys at Goldman may or may not have committed fraud by stepping afoul, or not,  of a very technical disclosure [...]

• More Distribution
  Posted by Leigh Drogen on April 30th, 2010 at 1:03 pm, Comments: 0

• The Trend Lives
  Posted by Leigh Drogen on April 29th, 2010 at 10:23 pm, Comments: 0

  A random assortment of stuff tonight, I’ll post a video tomorrow morning on new setups I’m seeing. Let’s just take a quick look at how I judge trend from a systems trading perspective.  For anyone who isn’t familiar, I use the 20 and 55 day donchian channels to determine trend. As you can see, we [...]