tuesday trading, page-64

The most fatal mistake many make in trading is they take a position in or view towards market and then find reason to justify why how and when. We all do it so get over it.

Around the 18th December I suggested most indexes in Australia had triggered buys, and yes someone once again thought this was most amusing, I trust what I do and avoid the hype.
Below are the returns from the last 18 days ( 10 trading days)

XDJ 3.96%
XEJ 8.91%
XFJ 7.74%
XHJ 1.29%
XIJ 5.65%
XMJ 7.52%
XNJ 8.60%
XPJ 7.35%
XSJ 7.29%
XTJ 1.81%
XUJ 5.22%

Incidently most sectors are now suggesting a pull back of some sort before maybe another move, now once again many will decide accordingly as to what they do, but as per the figures you can clearly see it was wise to be long for the last little bit and trust the indicators that at times we all ignore no matter what our sentiment.

Forecasting,where to and how is all fantastic and helpful, but if the charts says buy and sell, then do so, providing risk is OK.


Regards
Rob