Continued Consolidation / Sector Analysis / KASH Formula

Imperial Guard Leman Russ Battle Tank – Anvilus Imperator Design

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Consolidation continues. The new expected daily range is between 915-935 as can be seen on the 1-mo/60-min and 2-mo/60-min charts. The 8-month/daily chart shows that the SPX is currently above the 20-day MA. For a head & shoulders (H&S) pattern to qualify, the right shoulder must be a lower high and the neckline break must be confirmed. Leave your mind open to the possibility that we may not even be forming a H&S pattern. The market remains ‘neutral’.

I’ve also added the SPRD select sector charts, and collectively as a whole, they support my neutral rating on the market. The sectors are not moving in tandem. The materials and energy sectors may be forming small bear flags. Health care, tech, and utilities are in ascending channels. Cons. discretionary, cons. staples, financials, and industrials are in neutral ranges.

On a different note, let’s talk about the KASH formula:

Good formulas work just like good recipes. Follow a set of directions, and you can make an apple pie. Take out a cookbook, follow the directions, and you can make creme brulee as good as the person who wrote the book. What’s the point? The kind of formula you follow determines the outcome you’ll have.

Formulas apply to all aspects of life. Take for example, a tailor followed a pattern to make that suit or dress that you are wearing. A builder built your house from a set of plans. A programmer used a set of formulas to design the programs that you use. For all of those formulas to work and give good results, they had to be followed carefully.

There’s an old joke about a pharmacist who was grinding a prescription that called for as much strychnine as you could put on the face of a dime. He didn’t have a dime, so he used 2 nickels.

Sound like something you would do? Bet you’d hate to be the one taking that prescription. Unfortunately, that’s about how carefully some people follow the formulas they’ve learned in life, and in trading.

What is KASH? KASH = Knowledge + Attitudes + Skills + Habits = Success.

Here’s a useful exercise for you to evaluate yourself:

1) What additional knowledge do I need?
2) How can I improve my mental attitudes?
3) What additional skills do I need?
4) What new habits should I develop? (For me, I need to get to bed earlier!)
5) How can I improve my success personality?

As you know, I will be starting up a private 1-on-1 live 2-day coaching program. “KASH” will be one of the things that will drilled in your head. If you missed the info, I added it below.

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I will be starting a premium service sponsored by iBC. It will be only for the most serious, committed, and capitalized traders in need of immediate improvement.

It will be a 2-day live 1-on-1 training ‘bootcamp’ where I will individually train a candidate on everything that I know and exactly how I do things at their own residence. The ideal candidates are those that seek help NOW and those that want to exponentially shorten their learning curve.

This program will be the costliest program offered on iBC, and no pikers will be accepted.

The training will consist of:
-Help with all things technical analysis
-Long/short strategies, including my proprietary strategies
-Trading principles/psychological conditioning
-Live analysis of at least 1,000 charts, real-time and current
-Candlestick charting, including the most advanced and expert forms of Renko and Kagi
-Give you my extensive PDF library (2.5GB, approx. 1,250 files)
-Share my proprietary Earnings Trading System
-Share the tools that I use to find my trades for the day/week
-2 training manuals in print
-And much, much more…

I will be accepting 2 people per month, or 12 for this year. Absolute priority goes to those who contribute the most on my blog.

More on this later as I hammer out all of the details. Fee is still being determined.

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