Joe, I am an odd bird that uses a multitude of subjective factors to make objective predictions. Most important to me are money flow, trade volume and history. To a somewhat lesser degree are economic factors, technical analysis, market sentiment and contrarian indicators. I know all that sounds complex and like a hodge-podge that couldn't possibly be connected. . .but the difference is this. . .before making up my mind about what my take is. . . I do my homework, studying the history, reading the money flow, volume, TA and getting a feel for the 'mood'.. . .then rather than relying on any one or two indicators, wait until I get a feel for how I see things playing out. . . discuss what I am seeing . . . bounce some ideas off a few of you. . . do a few special studies, like the one I illustrated earlier, to confirm what I think I am seeing. . . . then come to a conclusion. . . and place my bets with total conviction.
The number of indicators that go into a market bottom or top are considerable. . . by comparison, a single stock or a sector is much easier to predict, using this method. . . . but understand that it is primarily a right brain answer to a whole brain 'assigned' problem. So not everyone can duplicate the process naturally. I have practiced "listening" for right brain answers since I was a kid. . . .so it comes quite naturally. . . in designing art, composing music, creating and invention or predicting the future. . . .of stocks, technology or otherwise.
Like I said, I am a rather odd egg, in that respect.
Hope that answers your question.
Rande Is |
