Only Buy Stocks in Market Uptrend

Pak Tobeno menulis: 

Dear Traders,
 
Thomas Bulkowski dalam buku barunya yang terbit tahun 2014 bilang: 

Only buy stocks in a market uptrend.

3 of 4 stocks move in the same direction as the general market, either up or down.

If you buy during a market uptrend, you have 75% chance of being right.

If you buy during a market downtrend, you have 75% chance of being wrong.

Two signs of change in market trend.
 
1. Follow-through Day:
The market is in a correction.

• makes new low 
• after hitting the new low, look for a day when the market closes higher 
• then makes a big one-day price gain, typically 1.5% or higher, on volume heavier than the prior day

Winning stocks often launch their big moves right on or immediately after a follow-through day.
 
2. Distribution days:
Distribution is just another word for selling.

• closes down at least 0.2% on volume heavier than the day before.

When a new bull market begins, don't stay focused on past winners. Look for new leaders.
 
Don't ignore a stock just because you've never heard of the company.
 
tobeno
Don't be the first to arrive at the party.
Do the math! 

Sumber: milis Saham@yahoogroups.com