here is something to watch. You of course understand that trading is at
all times your own responsibility. Presently, vhl has held the mid
point retracement of the overbalance.
I would watch this technology, it has high potential, but of course is
also rather speculative at this point, so don't get carried away just
yet either. Which is of course why we watch the chart: the chart will
tell you when others know something is up, then just get on the trend
The development will require money, which means capital raisings most
likely, which waters down the percentage ownership of existing holders.
Fred Harrison has just published a new book: Ricardo's Law. Fortunately
in London I was able to procure an advance copy. "...without a
knowledge of [the law of rent] it is impossible to understand the effect
of the progress of wealth on profits and wages, or to trace
satisfactorily the influence of taxation on different classes of the
community" said Ricardo.
Good book to read if you would like to further understand how the land
market works. I am quite happy to tell anyone who wants to listen,
Ricardo's law is the basis of my own forecasting. I urge you to put a
copy into your reference library.
For those in Melbourne, the following may be of interest:
A friend of mine, John Poulter, has recently returned from China, where
he took the time to make a study of the Chinese land market. Since an
understanding of such info is extremely hard to come by, but essential
to forecasting, John's powerpoint presentation should prove of use to
those with an interest in such things:
This Friday, Nov 24th, at the offices of Prosper Australia, 31 Hardware
Lane, Melbourne CBD. Starts 7pm, there is another presentation on
first, John starts at 7.30 pm or thereabouts. If you want further info,
phone the Prosper office, 9670 2754
If you are going, I will see you there.