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Non-Tech : Dorsey Wright & Associates. Point and Figure
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To: chartseer who wrote (9413)10/20/2010 9:33:22 PM
From: J.B.C.   of 9427
 
We're going into the best time to own stocks; November through May.

DWA's indicators all positive, and not close to reversing down.

So if you're a contrarian, when the market starts to look bullish you want to sell and when it look bearish you want to buy? That's great except in 2008, you could have been buying into September, the Markets kept going down though into March the following year. It's ok to be contrarian, but you have to let the "trend be your friend" for a little while. DWA has studied the bullish nature of the indicators, we can stay positive for a long time up to as long as a year.

I'll plug DWA here: every week they do a weekly video on Mondays and a weekly podcast on Wednesday. Watching the videos and listening to the podcast for about 10 years I've learned from the best minds in P&F. Although you're posting on the DWA thread, I assume that you're not a member. I'd strongly recommend that you join as well as read Tom's latest book on P&F. By the way, while you can't view their weekly video, you can listen to their weekly podcast, you can pick it up from their public web page.

dorseywright.com

I don't want to tell you what to do marketwise, but you seem to get nervous when you should be trading with confidence. Have you forgotten that September was one of the worst ones ever? That's not even a full month behind us.

By the way, Netflix reported earnings today and is up $14 in after hour trading, I own this one, I'm not ready to sell.
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