bhc investment Journal

Hello!

I am the editor of bhc investment. I have introduced myself at

http://www.trade2win.com/boards/memb...tml#post423025

and I am very excited to be part of this community. I will be keeping a trading/investing journal here and wish you all a happy and prosperous 2008!

As far as the Dow is concerned, I believe we are still in a bear market and the move from the January low is a countertrend. Once the countertrend is exhausted, the January low will be retested and eventually breached. Now, I am just waiting patiently for a meaningful high pivot to form. No position has entered yet so far.

With best wishes
bhc investment

Welcome BHC

Quick question - what's your investment rationale. Are you fundamentally driven? technically driven? mixture of the two? etc etc.

GJ

Hello GJ!

I think I'll call myself a technically driven fundamentalist. I am a huge fan of Warren Buffett, George Soros, Jim Rogers, and James Simons. I believe the fundamentals will win out in the long run, but price actions are irrational and tend to 'propagate' from a dominating time frame to another. I always keep myself well aware of most of the major events in the world, the facts, the lies, and the pivotal changes that could later become significant in future market development.

I tend to build up a sense of anticipation after studying the price actions across a number of time frames. I don't like following what the news, the CNBC/Bloombery is telling us. I like to anticipate what will be the next headline news.

For example, I correctly predicted that Crude Oil will make a new all-time high just after the sell call by Tom DeMark.

With best wishes
bhc investment

Some of my big gainers this year: Gold (from 730), Natural Gas (from 7.X), and Crude Oil (from 102.66), etc. I went again Boone Pickens when I was rolling over my position in Natural Gas.

so a commodities focus?

Currently, yes -- I am waiting for some meaningful price actions to unfold in Sugar #11 before considering adding to my position, again.

I do the Dow, S&P 500, and Russell 2000 futures indices as well. We are seeing some form of optimism returning Wall Street, but I believe it is still a bear market. I will be shorting it if I can figure out the when and where.

This is what I said back in March:



I suggested buying Crude Oil @ 104.04. Today Crude Oil hit $118! This year for the first time the collective oil appetite of emerging markets -- many of which don't pay the market price for oil -- will exceed that of the U.S.

Just a quick note to say that I will be looking to take a long position in Gold.