Awareness.

Awareness. Prerequisite for successful trading.

follow up, ung,

Good volume on break-out, now we need confirmation and continuation of the move.

Thoughts About A Proven Strategy, Long Only Strategy.

While staying out of bear markets is a good strategy, one should still keep their eye on the markets by running screens and keeping a watch list of stocks that may be bucking the downtrend in the general market. I maintain such a list then when the risk model switches back to a buy signal, I have stocks that are issuing buy points which can then be bought. These are often the stocks that well outperform the major averages during the next uptrend

The next bull market's big leaders and hence best investment opportunities show their first positive characteristics during a market correction or outright bear market. As the market goes through its paces, declining as much as 15-20% or more during a bear phase, future leading stocks are often building sound price/volume bases at the same time they are steadily showing improving fundamentals, such as improving and/or accelerating earnings and sales growth, improving profitability, and an increasing institutional following. Pivot buy points, favorable price/volume characteristics, are often early clues of potential future strength in potential leaders.

What is your market personality ?

It's critical for traders to understand that when they take a position in a particular market, they are actually trading the "personality" of that market and not just the market itself. Each market is made up of individual traders and systems that trade in a particular way. This is why some markets are better for momentum trading, while others are better for fading, and while still others are best to avoid at specific times of day due to all the arbitrage.