Just like many of you I have other interests outside of firefighting. While sitting for hours posting in ambulances I started reading financial publications and books, I was interested in the stock market and how it worked. It was also during the massive bull market of the 1990's where stocks would go from about $2 a share to $60 a share in about a month. I began to think if I could just take $2000 and put it in, I could cash out $60,000 a month later. Not a bad deal! And I did have a few trades that went almost as good as that. It was enough to get me really interested. Kind of like the first time you go to a casino and come home a few hundred dollars richer. Originally it's usually just due to luck, but if you read enough books about it and educate yourself enough you can start to find patterns and make a steady profit. About 15 years ago while working as a volunteer firefighter and for an ambulance service I realized I wasn't going to make enough money to support myself and a family. As much as I hated it, I gave up my job on the ambulance, cut down my hours volunteering, and got a job at a major financial institution--not one of the bad ones, in fact it was bought out and no longer exists independently. I learned even more about trading and the markets, but I couldn't stand sitting in a cubicle all day with a stack of papers in my inbox every morning, and I couldn't go home until that stack was moved over to the outbox, no matter how long it took. I also happened to be working downtown near the headquarters of one of the busiest fire departments (per capita) in the nation. The constant sounds of the federal Q's while sitting at my stupid cubicle made me really miss firefighting and EMS. I quit that job and looked for a paid firefighter job, however I still had all this knowledge of the markets and trading.

In the summer of 2007 watching my own indicators of the market and reading some of the articles of the very few financial writers that I trust, I realized that the market was in big trouble and that things were going to get really ugly. I wrote to a Captain at our department that I felt something similar to October 1987 was going to happen that year. I moved my 457 plan to all government bonds and money markets. I tried to tell some of my friends at the department, but even at my own department I only share with a few my strong interest in trading and the financial markets. Most of you probably know what I'm talking about, certain interests and talents that you have you don't really want to share with absolutely everyone.

After the devastation that happened this past year, I decided I wanted to start a website where I could educate other firefighters, teach what I know, and get feedback. We get a visit twice a year from our retirement guy for our 457 plan, and he basically tells us to 'buy and hold' and 'no one can time the market' and to stay in it. Well, I can guarantee you that most of the 'smart money' did NOT stay in it. I can watch their trades all day long on my level 2 screens and they definately were dumping their garbage on to us, the american taxpayers. Some of the guys I work with talk to their local brokers, and they don't get much more information than the 457 guys that come around twice a year. Brokers are nothing but salesmen that sell whatever "financial products" their brokerage is pushing. Not all of them, some brokers will actually tell you when to buy and sell, but not most.

What I am is a market technician, I look at relationships between all different financial markets, bonds, futures, stocks, treasuries, commodities, I determine whether money is flowing into or out of the market. Then I look at the indexes and the sectors that make up the indexes. I look at technical indicators on all of them that measure whether they are overbought or oversold. I look at all these things and come to a consensus signal on whether or not to be in the market or not. The big money, or institutional money like pensions and hedge funds that make up 50-75% of the trading any given day on Wall Street, generally can't move into or out of the markets without setting off too many alarms, if you know what to look for.

The website I started is very simple, it's 457research.com. I have a free daily market blog, or almost daily depending on how my shift went the night before. Almost all my signals will ultimately make it into the daily blog eventually. I also have a membership section. It's where I put the signals as I get them. We will be following intermediate term signals meaning our trades should last for weeks and months. My 457 plan only allows me 12 trades per year and then I get restricted. We will form our trading strategy based on roughly that number of trades or less.

Well I hope you visit my site and find it interesting. I really want all of us to make some money. I'm tired of Wall Street taking money out of the hands of the american public for their own greed. Being a market technician is the most you can do to level the playing field. I also didn't want to do a general website, I wanted it to be for firefighters, cops, and medics only. Thanks for your time, give me a visit at
457research.com