Hello TM,
Thanks for the kind comments...
You see me too up... I make mistakes until
1. CANSLIM has its weaknesses for both Singapore and US markets. For eg., coming off from a DEEP BEAR mkt like we had this year, after the follow thro', the leaders group did not really emerge till a few weeks later, and there were no concrete leaders, more like sporadic leadership stocks like Green Mountain Coffee, unlike previous mkt uptrends back in 2003 to 2007 (apple, google, baidu etc... etc... ), where you can see stocks like the fertilizer group breaking new highs consistently...
Follow thro' only works 2/3 of the time. That is 1/3 of the time follow thro's
WILL FAIL. Last year was worse, it failed almost 2/3 of the time... for the years I have been back-testing the data from 2003-2007, it typically fails 1 out of 3 follow thro's. That is Y never WHACK the mkt on follow thro'... spread out your buys and buy higher.... not lower...
2. Yes I did. There is no sector leadership for Singapore mkt. When follow thro' day comes, just buy...
If follow thro's don't fail, typically it will not touch my 7% stop loss.
At times the mkt reaction can be VERY ERRATIC among the 3 markets (NYSE/NASDAQ/SP500).. go look at July-Aug 2008. There was a follow thro' Nasdaq powered higher, but NYSE went no where!!! and ultimately Singapore went no where.. so one of my trading guidelines for SIngapore/US mkt is to watch all three markets to make sure they are moving in unison.
We hope to see more of your posts in the future.
Hope this helps.
There are very Lao Chiau (old bird) traders/investors like Lena and Winston, good option traders like Kenny and everything also can investors like Bordercollie... I like the mix of the bunch here...
Cheers,
mm