James J. Cramer "Confessions of a Street Addict" book review

I'm reading his book "Confessions of a street addict" and I'm really enjoying it so far. I always wondered how hedge funds operated, and this gave me a better clue to how the "smart money" makes there moves.
Once I'm done reading this book, I think I'll give it a complete review. Busy comes to mind when I read what the job was like for Cramer running the hedge fund with his wife Karen, Jeff, and staff, with making calls to CEO's, other firms, analysts, brokers, and spending a ton in commission to keep good contacts for what the brokers were thinking of promoting. Once Karen left the fund, things didn't run as smoothly, because her trading skills really made the Fund the best it could be. Also, Cramer is truely addicted to the market, with the market always on his mind, even when his wife is giving birth and when his mother is dying.

RELATIONSHIPS BETWEEN OIL AND AIRLINES

Potential Long Swings and other setups coming

Metal stocks kick ass right now, but will the trend change?

Volatile Metal stocks!

Silver pairs (I like TIE)

1month chart on Oil sector

I've been daytrading OIH and it seems like a very good vehicle to drive and pair with the major index and crude oil and XOM.

Trade setups based on type of trading day

You may want to switch styles of trading based on what type of trading day your going into. If it's friday, you can expect low volume, and you may have a better chance at trading short term trends on the 5min chart instead of taking scalping on 1 min charts.
Also, be aware of big pending news that could decrease volatility and volume like economic numbers and FOC interest rate announcements. Also be aware of big cap earnings annoucements like MSFT had today, losing 11%, down to $24.15, and trading over 500mil shares for the day with over 100mil during the premarket.

Trade setups with high probabilities

Every trade should have a setup for entry. What's the premise for entrance",,,just because the chart looks good? I don't think so! You have to be aware of a number of factor before pulling the trigger. I'm putting together trade setups which the have a high probability of winning on a specific time frame for an expected amount of profit using indicators like MA's, stochastics, CCI, momentum, Elliot wave, MACD, time and sales, volume, time of the day, pairing off other equities, indices, and futures, the tick/trin/put:call ratio, and also pending news for that equity or sector it lies in and the underlying trend and major news for the day.

Good equities to trade