Market due for correction

Expect market to correct a bit here. There is a bit of froth developing currently. But any correction would be of short duration. It will give just enough time for the bears to crow and double down on their underwater shorts. If you have been keeping eye on the bears, you would have noticed that when there was a brief correction, they quickly advised followers and worried hedge fund managers to double down on short side. Those kind of bets are good for markets as shorts have little conviction and rush in to cover on hint of rally.

Based on my databases and data mining, I am looking at good earning based rallies in many issues which have been neglected by the market for last two earnings season. If you have been watching the earnings trend, there are some concerns but no major worry areas so far.So the strength should persist till earning picture become clear.

It is the nature of market, that it will start dropping only once the last bear has thrown in the towel. The bears have been too stubborn and continue to find new things to worry about. There is little enthusiasm about the rally. So market will keep climbing the wall of worry.

Best site to learn to trade

If you are serious about your trading and want to build an enduring edge, the Stockbee Member site might help you.

Members tell me they have tried a lot of things before coming to my site, and it has offered them the most extensive and detailed methods to swing and position trade. Members range from very experienced traders to novices.

No advertising, no hard marketing, no promotions, no free offers, no affiliate marketing, no incentive to other bloggers to promote the site, no constant tweets self-promoting the site, and no tall claims. Every member comes through word-of-mouth recommendations from existing members.

As a member, you will learn the basics of swing trading, momentum investing, growth investing, and risk management. You will learn about Stockbee Momentum Burst breakouts, Stockbee Trend Intensity Breakouts, Stockbee Episodic Pivots Breakouts, Stockbee Lemonade Strategy for 401k, and many other member-shared methods.

You will learn how to set up your own scans, how to select the right kind of stocks, how to set up stops, when to enter, when to exit, how much to risk, how to track your trades, and all other details about trading.

You will learn about developing your own methods and not relying on others for trade ideas. Develop your own edge. Once you develop your own method, you will have a lifelong profitable method.

The site gives you an opportunity to interact with some of the most successful traders and learn from them about their trading methods. It is a vibrant community with members from different backgrounds and experiences willing to help each other. Members have shared their methods, scans, software, backtests, and market insights.

Every day, the emphasis is on continuous learning and upgrading of market knowledge and setup knowledge. The members range from hedge fund employees, financial advisers, active swing traders, investors, and new traders.

You will see that many trading bloggers have been using my market timing methods, scans, and chart templates. They have developed their own methods based on my methods.

Almost every member comes through a recommendation of some of the leading trading bloggers and trading sites. 80% or more members continue to be members for more than 3 years. Most tell me that they stay on because every day they learn so much from the members' site.

If you are looking to develop your own trading strategy, the membership site might be for you. You have to be willing to put in the effort to build your own method. There are no silver bullets offered on the members' site. Every method, every scan, every nuance is detailed, and all possible help is offered to design your own method.

4 comments:

walter said...: easy guru, you typed: "There is little enthusiasm about the rally."

have you ever watched CNBC?

i don't make a practice of it, but one day last week, i was working from home and put that channel on... if you go to dictionary, and look up enthusiasm, you will find a reference to CNBC and DOW all time highs, and maybe to that book dow 32,000 or whatever the number is that just came out on the cover of that book... who watched CNBC? the same people that watch crammer - clueless mom and pop retailers...

i agree, the last bear needs to throw in the towel...; Oct 9, 2006, 11:54:00 AM
Pradeep Bonde said...: The only time I watch CNBC is when I take my car for servicing. The auto shop owners real ambition is to be a trader and so he has CNBC on his overhead TV.

Fortunately, now with so many blogs written by traders and analyst. it is very easy to gauge enthusiasm for rally. I read all the blogs on trading and definitely the most popular ones. You can figure out from what they are saying and from the discussions on comments section, what is the mood of general trading crowd. There are 4-5 blogs which have very high followers and if you read them and comments on them, you get fairly good idea about what they and their followers are thinking and how they are positioned.; Oct 9, 2006, 12:03:00 PM
Paulin said...: R u gonna blog about earning picks b4 you trade in them?; Oct 9, 2006, 2:54:00 PM
Pradeep Bonde said...: Sometimes I do that but not on all trades. Definitely not on where I expect slippage.; Oct 9, 2006, 3:02:00 PM

404

Recent Articles