I haven't posted over here in a while so I'll put in one of my
privet posts just for the heck of it.
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Some people can do good by focusing on stocks, but I found
I do better staying with the indexes.
My idea is the market tends to float all boats, but then sectors
are like a tributary and may have a tide out of sync with the
general market, however stocks in those sectors for the most
part float with sector.
In tracking the nine Spiders, and the SPY, MDY , QQQ, & DIA
along with about 60 mutual funds I have more on my plate than I can keep up with. So I have made a rule for me at least to avoid
trying to forecast an individual stock.
It's been a hard habit to curb, AS i use to pick stocks a lot
but last year looking at the NDX I became convinced hardly no one was beating it not even the pros. So with the new QQQ I just changed my focus from stocks to the indexes, it's been a slow change for me but more and more I'm getting where I just will not try to forecast a stock, if I can't play the index or a fund then I don't play.
I own zero stocks as individuals , and any more I only play baskets.
Jim
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And add
I do look at some stocks, but more as a group than individuals
and focus on the heavy weighted ones in whatever index, as
they tend to push or pull the index more than the others.
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More and more I'm looking at GAPs in price and how they most
often fill, and when several GAPs happen & the index Gaps
above it's resistance or below it's support, it's almost
a sure bet that waiting for the Mo Mo to slow then you
can bet it will fill that GAP and you will win 90% of the
time. Most people don't have the patience to wait on taht
to happen , including myself but I'm getting there.
Jim
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