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Articles for: ASX
Neil Gladwin
11 Sep, 2006
In my last article, I took a look at using the System Builder in ProfitSource to back test a trading system.
Some investors picked this stock market run up as early as March, some have picked it up over the last few weeks, some have just got in recently and are now wondering whether they should bail out and lastly there is the group that have remained on the sidelines. And I guess there are probably many investors that fit into almost all categories.
There is little doubt that the markets have confirmed sustainability and this appears likely to continue barring any major surprises. Technically the markets still want to keep rising. Volume remains firm and there are few sellers so buyers left behind when the markets took off in March are having to pay steep prices to get a stake in the market in these robust times.
Brambles (BIL) is a stock I have been in and out of over the last several years – mainly out!
Well I did have those feelings until Friday when there was some sign that the market may take that breather that so many pundits have been calling for some time.
“Market timing” as opposed to “time in the market” is never as relevant as it is to Margin Lending (ML) to buy shares.
A few weeks ago I promised another review of the sectors. I have been deliberately postponing that as I had wanted to do that review at a time when the markets were not racing ahead – only because it is more difficult at these times to decipher the real underlying trends as opposed to hype of the time that drags everything along the way.
Much profit conversion has been taking place over the last three weeks.
The Australian share market has risen almost 15% since its low of 2666 (XAO) on March 13 this year. Some very honest people have said to me their portfolio has not risen anywhere near this extent. How come?
Over the last several weeks we have brushed aside bad news and it has been very much a case of “don’t rain on my parade”.
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