Phaedrus
30-05-2008, 03:50 PM
SIMPLE INSTRUCTIONS FOR AUSTRALIANStocks.
Step 1. Click here (http://asx.netquote.com.au/charts-gics.asp)to find the best market sector(s). Don't listen to people that try and tell you that the market is falling. The Indices don't lie. Here are two examples of the type of thing you should be looking for :-
http://h1.ripway.com/Phaedrus/IndexTwo530.gif
The best sector Not too shabby either!
Step 2. Click here (https://www.directbroking.co.nz/DirectTrade/dynamic/index.aspx?id=XEJ&e=ASX&view=security)to find the stocks that make up that sector index.
Step 3. Examine the chart of each of these stocks. You are looking for stocks with Buy signals such as :-
(i) Stocks that are in a steady uptrend. Oscillators such as the Relative Strength Index as featured here identify good entry points.
(ii) Stocks that have broken above trading ranges they have been trapped in (the longer the better).
(iii) Reversals. Stocks that have been falling, but have turned around.
Here are some examples of the above signals :-
http://h1.ripway.com/Phaedrus/AuFour530.gif
How will you know when/if you get it wrong? The shareprice will drop below its previous low. If this happens, get out. Fast. Don't even think about it. You can only make big losses if you let your small losses escalate.
There is no need to restrict yourself solely to the stocks that comprise the index. Really big profits can be made by buying stocks in the best sector that are too small (as yet!) to be in the index itself. Again, you are looking for the 3 simplest types of entry signal as above. It is surprising just how much money can be made if you get it right. Take a look at these three, for example :-
http://h1.ripway.com/Phaedrus/Au3plus530.gif
The aim is simply to hold only the best stocks in the best sector. There is no secret about any of this. All of the stocks featured here have been widely discussed on ST. You can easily find out which is which if you are interested enough.
Step 1. Click here (http://asx.netquote.com.au/charts-gics.asp)to find the best market sector(s). Don't listen to people that try and tell you that the market is falling. The Indices don't lie. Here are two examples of the type of thing you should be looking for :-
http://h1.ripway.com/Phaedrus/IndexTwo530.gif
The best sector Not too shabby either!
Step 2. Click here (https://www.directbroking.co.nz/DirectTrade/dynamic/index.aspx?id=XEJ&e=ASX&view=security)to find the stocks that make up that sector index.
Step 3. Examine the chart of each of these stocks. You are looking for stocks with Buy signals such as :-
(i) Stocks that are in a steady uptrend. Oscillators such as the Relative Strength Index as featured here identify good entry points.
(ii) Stocks that have broken above trading ranges they have been trapped in (the longer the better).
(iii) Reversals. Stocks that have been falling, but have turned around.
Here are some examples of the above signals :-
http://h1.ripway.com/Phaedrus/AuFour530.gif
How will you know when/if you get it wrong? The shareprice will drop below its previous low. If this happens, get out. Fast. Don't even think about it. You can only make big losses if you let your small losses escalate.
There is no need to restrict yourself solely to the stocks that comprise the index. Really big profits can be made by buying stocks in the best sector that are too small (as yet!) to be in the index itself. Again, you are looking for the 3 simplest types of entry signal as above. It is surprising just how much money can be made if you get it right. Take a look at these three, for example :-
http://h1.ripway.com/Phaedrus/Au3plus530.gif
The aim is simply to hold only the best stocks in the best sector. There is no secret about any of this. All of the stocks featured here have been widely discussed on ST. You can easily find out which is which if you are interested enough.