My methodology....hmmm.
Well, at the time I was watching the NYSE BP, which was at its lowest levels, and the Dow chart. I noticed that the pace was slowing and that the bottoms were rising suggesting that we had hit bottom. On the day that the Dow dropped (October 8th) I initiated buying of those stocks that were value line rated 1-2 and whose RS was in X's and whose trend charts looked yummy. I also bought Spiders knowing the gettin' was good for those babies at that time. No magic here, just following the NYSE BP and trend charts.
Combining the fundamentals and trend chart has proven to be very successful. At first, stocks who did not meet the Value Line criteria but had great chart patterns did best. However, over time the Value Line proved to be a steadier and more profitable investment.
Currently, I am putting together a portfolio with a mixture of Relative Dogs, Value Line and trade ideas. This is in my 500,000 portfolio listed on the PnF thread. (doing well)
From October to now was easy money. Finding and making a good portfolio from scratch here, takes skill. One has to be nimble and watch the charts carefully. Of course, fundamentals are key. Always keep a big picture. Just watching one trend chart doesn't cut it. You have to know what all the players are doing.
Jannorama |
