Wednesday, May 26, 2010

The Power of Thought / Emini Futures Trading May 26, 2010


"For as he thinks in his heart, so is he"
(Proverbs 23:7, NKJ)

The Power of Thought
We all have someone in our life who has a great attitude and never really seems to stress out or waste their time worrying over something they cannot control.  And more times than not, things seem to always work out and come pretty easily to this person, right?  On the flip side, have you ever noticed that most people’s biggest fears seem to come true?

So, be careful what you wish for, or rather, be careful how you wish for something! The things we spend the most time putting our energy into, positive or negative, tend to come true.  Think about it.  Likes attract likes.  Whenever we find ourselves in a state of desperation, negative thoughts consume us, and we dig ourselves into an even deeper hole.  But when something goes well, we often get on a roll- and Watch Out! (Listen Now)

Join us for a Webinar on May 27th

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Look over the shoulder of Burton Schlichter, an experienced DT Broker and author of the “Capture the Move"  newsletter which is exclusive to Daniels Trading Clients.  He will use his trading experience to identify opportunities in todays markets and share with you his formula for trading!  Join the others who have “Captured the Move” and allow yourself to become an active trader while still maintaining a busy life.


Capture the Move! A predictive not descriptive look at today's market


Thursday, May 27th


2:30 PM - 3:30 PM CDT

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Page Trader Daily Results 

Stack Trade Daily Results

Weekly Trading Zones

Trade Stalker Daily Results
HOW OUR DAY WENT: The market had a good rally going, but
after rejecting the 1089.50 level on the ES things began
to change. After a pullback occurred the ES made a wedge
and in the Instant Message room members were told to sell
the 1083.50-1084.00 area. After reaching 1083.50 the ES
turned and dropped fast. Then I stated in a regular update:

(May 26-15:05) mike: The ES made another wedge pattern off of
the high, and after it broke the 1083.50-1084.50 area was sold
and they dropped to 1074 before reversing. If 1080 can be
exceeded and held, the market will be ok but if 1080 can not
break/hold then a drop into the close could occur.

The bounce touched 1080.00, then turned and dropped hard again
reaching 1060.50 by the close. FREE TRIAL

Notes from Today's Show

Pinn illustration

The grasshoppers and the ants – a modern fable
By Martin Wolf 

Everybody in the west knows the fable of the grasshopper and the ant. The grasshopper is lazy and sings away the summer, while the ant piles up stores for the winter. When the cold weather comes, the grasshopper begs the ant for food. The ant refuses and the grasshopper starves. The moral of this story? Idleness brings want.

Yet life is more complex than in Aesop’s fable. Today, the ants are (read more)

From Benford to Erdös

Mark Nigrini shares the story of physicist Frank Benford, a man whose curiosity about a book inspired a bizarre discovery. Benford's Law, as it is now known, reveals a cosmic preference for certain numbers. Then Darrell D. Dorrell, a forensic accountant, describes how he uses Benford's Law to bust crooks.

Paul Hoffman tells us the story of a boy trapped in a world of numbers, who grew into one of math's greatest proselytizers, Paul Erdös. Joel Spencer and Jerry Grossman help bring to life the man behind the numbers. From producer Ben Calhoun.

Always Watch Our For Number 1
If you ever plan to cheat on your taxes, here’s something to consider (besides prison): Make sure that most of the numbers you fabricate start with the digit 1 (one). The second-most common leading digit should be 2, then 3, continuing on that pattern to leave 9 as the least common leading digit. This distribution is called Benford’s Law, and it’s a lot more straightforward than tax law… though why it exists is nearly as mysterious. (read more)


I felt the hackles go up around the globe today when David brought up Edgar Cayce. If you don't know who he is or would like to know more (click here)

 "Behold, I have given you every herb bearing seed, which is upon the face of all the earth, and every tree, in the which is the fruit of a tree yielding seed; to you it shall be for meat." 
God (Genesis 1:29) 

Pray Hard & Trade Safe!

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