US - Market Direction 01 (May 08 - Jul 08)

I tot I start off a thread on market direction. In my small little world, finding the best stock that you can buy matters very little if the market is in a correction, cos most growth stocks are being pulled by the direction of the market.
The current mkt is in an uptrend, with the follow thro' day on March 20. To game the Asian market, all one needs is to follow the US market. When it goes into a correction, most Asian markets will follow suit.. in a matter of days.
The recent last 3 corrections started on Jan 7 2008, Nov 9 2007 and Jul 26 2007. If one goes back and check the charts, one will see that all our Asian indices and stocks tanked BIG time soon after that.
I will continue to provide updates of follow thro' days (uptrends) and correction (downtrends).
To go into full cash or not depends on one's investment style. I always close out all my long positions just before or on the first day of correction.
I will continue to pen my tots on how to spot corrections coming or an uptrend as time goes by, or you can just pick up the book How to make Money in stocks by Bill O'Neil if you would like to know earlier.
Cheers,
MM
The current mkt is in an uptrend, with the follow thro' day on March 20. To game the Asian market, all one needs is to follow the US market. When it goes into a correction, most Asian markets will follow suit.. in a matter of days.
The recent last 3 corrections started on Jan 7 2008, Nov 9 2007 and Jul 26 2007. If one goes back and check the charts, one will see that all our Asian indices and stocks tanked BIG time soon after that.
I will continue to provide updates of follow thro' days (uptrends) and correction (downtrends).
To go into full cash or not depends on one's investment style. I always close out all my long positions just before or on the first day of correction.
I will continue to pen my tots on how to spot corrections coming or an uptrend as time goes by, or you can just pick up the book How to make Money in stocks by Bill O'Neil if you would like to know earlier.

Cheers,
MM
