I agree eddie, the market has a lot of jittery uncertainty the last two months. Investors are very nervous, and it takes a really good announcement before they will step in, usually waiting to see what others do first. A good example was the recent good ann from Minataur, which actually saw the price rise slightly then decline just as fast. Previous to this they had announced far worse drilling results for good moves.
I'm finding following sectors that are climbing (eg gold has been the go), and be prepared to rapidly jump to the next sector as it appears.
A great book on this type of trading is "The best of Frank Tubbs stockmarket lessons." Frank advises to watch a sector, wait till it has shown a retraction and accumulation, then as it begins to become bullish, study the stocks within the sector. They will usually do not all move up together, the trick is to pick which of the stocks move first, jump aboard and be prepared to follow profits with stops and jump abourd the next stock to begin moving.
A good example put together by the SITM staff was the rise in the banking sector from Apr to Aug 01, and again from the low of Sep11 last year.
I'm sure people who jumped from the biotechs to gold recently would have shown good profits too.
Good trading
Bomber
- Forums
- ASX - General
- WHO is finding the current market unusually diffic
WHO is finding the current market unusually diffic, page-10
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)