thornburn , thanks for that and like john risk there is a lot of sound advice and information to glean in what you have to say also.....
I have a market analyst charting program which I have had for many years now....... I do not mind putting the extra time to narrow down selection as to what i am looking for......until the end of 2013 my activity had been more into fundamental analysis of companies and selection stocks based on their cheapness verses their outlook, and that included overall economic outlooks + the charts - can't ignore the charts - while I have not made a fortune I have done reasonably well....
I am in this area now because as the market has gone up, so the opportunities to make a dollar have become more sparse on the normal market..... with the ausie market trending mainly sideways it has been a little more involved than i had originally imagined...... I think I am reasonably good at assessing companies, but there is a lot more to it all than that - its an understanding of how all the world economic factors interrelate with one another that I'm aiming to get reasonable grasp of now ..... plus there are the rules of trading as well...... in fact being out of the market in this sideways trend is also an option.....
with the charting program I have a" workbook" for the major world indexes and currencies that affect aus...... I have the charts up separately and also have them up in relative comparison mode so that I can compare say the world indicies against one another -
and at the moment its all looking good very good...... I also do the same with the ASX sectors..... I have over the years also read plenty of books on most aspects of this business, and I some times I even re-read some these a second time, one them more recently for the third time - mainly because a lot of it does not sink in first time around and also in my case it is just plain forgotten...
of course none of that means a thing if you just plain ignore the information to hand and the charts in front of you..... or if you don't have the right systems in place on your computer, and regular habits to avoid missing something relevant and important to your investment.... there's a bit of preaching going on here and I am certainly not as consistant in this as I would like to be - so I had better leave it at that..
