It has been one of the most profitable years in the history of the stock markets. Anything, well almost anything you bought a year ago is probably making a lot of money for you right now.

Forbidden

But even without that book, a lot of money would have been made anyway because everything went up in the last year and this happened all over the world …. Claims of success in the market and proof of profits shout out from the newspapers everyday as more and more new faces come forth.

There can be little doubt that such riches were indeed made and there can be no doubt that these claims are real. They faded as the market faded between and Only one stuck around at the bottom of A and was joined by two other locals as the market recovered A to B.

Beware The “Top Of The Market” Gurus.

At the top of the recovery a year later, the market was flooded with all sorts of gurus promising wealth and easy money. I should know … I signed up for several of them with no results.

By the middle of , I was wiped out while even more gurus came to the fore. By , the market was no longer going up and some of these gurus faded away.

Madison County Courier

I began my comeback by trading this volatile and sideways market B to C and managed to make considerable progress between the middle of till I started teaching at AKLTG at the end of C. At that time, there were only a handful of gurus and a couple of them were already suffering from bad press thus leaving only three really credible ones including the foreigner from By the time the market hit 13,, there were approximately 4 gurus less the two who suffered the bad press and not including myself because I am not a guru.

A few months later as DOW hit 14, D , there was a flood of newcomer-gurus claiming massive profits and more get-rich-quick programs here in Singapore, in K. L and very obviously in Jakarta. At the bottom of E , I counted only 4 regular workshops not including my tutorial. The market then went into that most profitable one-year rally in recent history E to F.

Today, if you open the newspapers, you can count no less than 12 different competitive gurus every week not including me teaching easy money strategies, get-rich-quick systems and claiming obscene profits from the market.

For the record, I have never made such claims because I know the market is a killer of dreams and dreamers. You only need to attend my Preview to know this to be true.

So when the new gurus emerge and my class gets difficult to fill, it only means that the easy money is about to end. So will we go sideways in a volatile fashion like B to C or will it be another tanker like D to E?

Whatever the outcome, one thing is for sure … at the end of that period, there will only be a few gurus in the market and that will be the market bottom again.

And since I am not a guru, I guess I will still be around to write another market bottom book! Post your comments here: If you enjoyed this post, please consider to visit Pattern Trader Tools , leave a comment or subscribe to the feed and get future articles delivered to your feed reader.

Frankly speaking, not many people can even afford the WA course fee if not with the help of credit card installment. Needless to say it further for WAT program.

Yes, no one can predict the market. We can only assess the most probable trend based on technical data and analysis. It seems we are looking at a good month rally from Mar bottom, a good 0.

Singapore Seminars Courses and Preview: Profit Pips launched by Mario Singh

And yes, a record low day VIX broken only yesterday. Well, I look forward to a major reversal. Comments Comment by Oceany on April 27, 1: Comment by Phang Wei Lian on April 28, 8: Comment by MarkSpizer on May 2, 7: Conrad Alvin Lim Singapore, Married, 2 Kids Trader Trades in the U.

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