How Do You Enter This Market ?

A

aston

Here is a chart of one of the Asian market.

It has been going up without any reasonable correction of 20% to 30% for a reasonable risk entry and everyday it seems like when it corrects it might fall like a rock.

Most of its 30 stocks have gone up from 100% to 500%.

How do you enter such a market that has been running up for last 6 months and you feel like being left out?

Any chart illustrations would really help.

Thanks
 

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Quote from aston:

Here is a chart of one of the Asian market.

It has been going up without any reasonable correction of 20% to 30% for a reasonable risk entry and everyday it seems like when it corrects it might fall like a rock.

Most of its 30 stocks have gone up from 100% to 500%.

How do you enter such a market that has been running up for last 6 months and you feel like being left out?

Any chart illustrations would really help.

Thanks
More...

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[1]Seems somewhat similiar to QQQ, 6 months;
even though some stocks in SPY have gone 100% plus.

[2]Would also check by mail or email with Jeffry Hirsch to see if they cover Asia.

[3.333] Pay attention to round numbers like ;
30
3000
60
6000

[4] Study more .
30% may or may not be a good pullback entry and QQQ and your market have had several good pullbacks, 6 months ;
SPY & QQQ havent pulled back hardly 10% when pullbacked, 6 months.









:cool: :cool:

[5]Study enough so I have some profit in an uptrend like your chart or SPY,QQQ thru much earlier breakout entry or shallow pullback entry;

CSCO 1 year has gone up about 100% pullbacks havent gotten near 20% for educational purposes only.:cool:
============================
Love learning -Solomon, trader king
& Lifelong Learning student.
 
Quote from aston:

Here is a chart of one of the Asian market.

It has been going up without any reasonable correction of 20% to 30% for a reasonable risk entry and everyday it seems like when it corrects it might fall like a rock.

Most of its 30 stocks have gone up from 100% to 500%.

How do you enter such a market that has been running up for last 6 months and you feel like being left out?

Any chart illustrations would really help.

Thanks
More...

Aston,

Can you list the symbols of the 30 stocks ???

You'll probably get a better response (more interest).

In other words....give more details about the stocks driving up that market.

NihabaAshi
 
Quote from aston:

[...]

How do you enter such a market that has been running up for last 6 months and you feel like being left out?

[...]

Thanks
More...

If you don't know, don't.

nononsense
 
Quote from aston:

Here is a chart of one of the Asian market.

It has been going up without any reasonable correction of 20% to 30% for a reasonable risk entry and everyday it seems like when it corrects it might fall like a rock.

Most of its 30 stocks have gone up from 100% to 500%.

How do you enter such a market that has been running up for last 6 months and you feel like being left out?

Any chart illustrations would really help.

Thanks
More...

I can confidently tell you that the first thing you should do is not take someone else's advice, at least not on a specific trade.
 
I would trade this like i did the 99 bull run for 9 months. Follow the trend.

Im talking intraday, and overnights. Just as i did in 99 i would buy down opens, with an aggresive approach, i would go long overnight on huge up days. I would identify the leaders, and watch them closely.

I would also use the "rubber band " theory, you will have to figuer out how far it could stretch....ie: 6 up days in a row might call for a little shorting of the weaker, lagging stocks.

I would be fast to cover the shorts if they dont work.

this is a trending market, from what i can tell. The same style that created a shit load of money in 99.

Just remember, when you see the crack, as we did in april 2000, dont be affraid to short heavy.

have fun.....i know i had a blast in 99
 
Quote from aston:

Here is a chart of one of the Asian market.

It has been going up without any reasonable correction of 20% to 30% for a reasonable risk entry and everyday it seems like when it corrects it might fall like a rock.

Most of its 30 stocks have gone up from 100% to 500%.




Thanks
More...
======
Aston;


[a] Real important numbers on entering any market,especially SPY, QQQ, even DIA & related ;
12 Times 6 that is bankers hours per day study.:cool:
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Excellant reminder -trend is friend ,uptrend is friend ;
however its more timely to mention it NOW since QQQ is down ABOUT 3% past 24 hours=about minus 150% year year!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
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[z]Patterns may repeat;
think i will refocus on SPY,QQQ, occasional DIA, occasional derivitive about 12 hours a day again and again and again, including 10 year candles.
============================================
The plans of the diligent tend only to advantage-Solomon,trader king.
 
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