TAILIEUCHUNG - How I made 2 million dollars in the stock market Chapter 5

Chapter 5 Cables round the world. Almost at the same time that I started to operate with my new principles in mind, I signed up to make a two year tour of the world with my dancing act | CHAPTER FIVE Cables Round the World at the same time that I started to operate with my new principles in mind I signed up to make a two-year tour of the world with my dancing act. Immediately I was faced with many problems. How for instance could I continue to trade while I was at the other side of the world And instantly and very vividly there came before my mind the occasion when my broker missed me on the telephone. If this could happen in New York how was I to overcome such a difficulty when I was thousands of miles away I discussed the matter with him and we decided that we could remain in touch with each other through cables. We also decided upon one tool this was Barron s a weekly financial publication which we arranged to have airmailed to me as soon as it was published. This would show me any stocks 60 THE technician Cables Round the World which might be moving up. At the same time a daily telegram would quote the stocks I owned. Even in such remote places as Kashmir and Nepal where I performed during the tour the daily telegram duly arrived. It contained the Wall Street closing prices of my stocks. To save time and money I had instituted a special code with my broker in New York. My cables consisted only of a string of letters denoting the stocks each followed by a series of apparently meaningless numbers. They looked something like this B 3254 L 37 U 89 54 A 120 F 132 54 It only took me a few days to discover that these quotations were insufficient for me to properly follow the movements of my stocks. I was unable to construct my boxes without knowing the upper and lower limits of their moves. I called New York and asked my broker to add to each closing price the full details of the stock s daily price fluctuations. This consisted of the highest and lowest price of the stock for that day. Now my telegrams started to look like this B 3 2 54 3454-32 L 37 38 -37 U 89 9154-89 A 120 12154-120 F 13254 134 -132 . I did not ask for volume quotes as I feared that

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