Okay so we're back
And
Just to recap
Are we going over
Categories
We've gone over valuation
We went over
The trend
And we also
Talked about fundamentals
So we covered a number of topics
And we're going to now
Finish off
Day one with
A picture is worth $1000000
We call it this is sort of our initial
Entry into the technical analysis
Section
Of the workshop which will go into
The next day as well
But we're going to end with
Starting this off
From kicking off
Into
Some
Somewhat technical analysis
And
Want to point out that
Yeah we're looking at continuation
Can patterns
Show me look at these
Technical
Chart patterns
We're not trying to find
The stock that is going to go from stage 1 to Stage 2 we're buying stocks that are already in the state
Corrections within that uptrend so we want to see the stock
Only an option to work whenever buying at the lowest price
And that's not
What we're trying to do that's not
The goal our goal is to buy it the right
As I pointed out before
We talked about trend
So
What in an order of importance
The long-term trend
Is is most
Important because if you don't have the
The trend
In place
Then you shouldn't be
Your work
Because that's
Non-negotiable criteria that's
The qualifier
We talked about
Now
The next is the
Price action
Looking at that current
Chart pattern
And what that current price action
Is telling you
And never going to look some up for a low-risk entry point and that's going to come a little later on right now we're going to look at
Cut the current price action
And some of the names that we have
These patterns
Job somewhere unique
Tamia right term them
And some of you've already
Heart of these a cup
Completion cheetah load
A cup with handle of course
The popularized by William
Ammonia
Prior to that it was
It was a sorcerer and Platt
Volume gelir
Double bottoms darvas box
Empower place
Which are also
Hittite flag type names which we're going to go over those
The section on
Just on power plays
So
We're looking for these continuation patterns and work we're buying near New highs usually Within
20 or 25% of a new high or even in new high ground
Dave you know
Let's talk about some of the reasons why
You would buy
Going into new high ground this chart of Microsoft these little black dots
Just show each time the
Stock
Made a new
New high
If it if there's no black.
Then it's not
Obviously
Taylor going down
Are moving sideways
But we can see is here
And with it but the important thing to show
And this is Monster Beverage
Is that
You can't make a big move in a stock
Without making new highs
It's impossible
Alright so what are some of the reasons you know why we want to buy
Near new high ground or in all time
High Ground
Well one of one of the most important reasons is that there's no one at your higher
Then where were your Vine
So there's no quote overhead Supply
Everybody that is buying in or everybody that holds that stop when it goes in the new high ground is that a frog
And there's no one ahead of you
And in so everybody is not the only people that would be selling or people taking a profit
But if you're buying
Let's say you know we're looking at
Add monster
If it
If you're buying right in this
In this area right
Got to get my Eros
Correct
If you're buying right in this area down here
Well you've got
You've got this overheads
Supply
Weight of wish
There might be people who boss here
Poor underwater who as it gets back there my
Stop
And so it might hold the stock down
But if you're buying
If you're buying when the stock is hitting new High Ground well right here
There's no one above you
And so that's that's one that's one main reason the other thing just think of it logically
Stocks going to make a move
From $20 a share to $120 this year it has to be making
A new high every
Tammy on the way
That's right and it let me let me show you something that people don't really realize that the real
Action rectally
Over here let's look at you
Page 104
So
This Stock's future
Is in new High Ground And even if you were to buy a stock let's just say
You bought
A stock down you were able to pick the exact Lo
After a stock dropped what's a fifth
Right gets really clobbered in a bear Market
It's down 50%
And you buy it right at that low
Okay and then it comes back and it comes
All the way back to where
It makes a new all-time high
So if
The stock went down 50
Percent off the tie
And you pick the absolute low
What percentage would you make
If it went back to the old High
100% you would double your money right a 50% drop takes 100% game to get Eva
So if you pick the low and you got it back to New highs and went to new hire you sold it
YouTube made 100%
But take a look
That's only 100%
From the low back to new High Ground from that point
Forward
Every
Point higher every quarter of a point higher
Is a new high
Show the real action happens
New high ground
So you can make even if the stocks down
But says down 60 or 70%
Maybe you make
It goes up a few hundred percent offer too low
But many of these named score
10000 20000 50000 a hundred thousand
Percent over 235 10 years
So here's an example of Yahoo we're coming off the lows
Make 170% move
But then from the new Higher Ground UB40 300%
Ed even much higher
Wright sewed up these the real action is happening
And the excitement
Is happening
In new hydraulic Spears taser after
Huge decline
And a big move up over 500% back up to new highs and I'm buying it
We hear about
You can see
Justin just
A year or so the stock goes up
More than triple
What is
Made from it slow to
The new high but a new high ground
It goes up 18
This will be the story of any stock that makes a very big secular move
You'll see it
All that moves are real good majority of that move
Is all going to be a new High Ground so you
Can't have a big moving in stock
Without
Going into new High Ground so you have to get used to being comfortable
In new high ground to other things is that
You want to be buying
When it's going into new high ground
Off of the base
See lights with with Taser
This is a stock that had been going sideways here
It looks like it has been going sideways for a month or two
And this is where you should be buying when it's
First hitting new high ground
Not after it's already
Run up
Over in 5 or 10 or 15%
After it comes out of the base that's what that's where you want to
The other thing I'd like to say said
Is that
How many people
I did for this
For them it's very very hard to buy stocks that are new highs they
You know that old adage of Plano Buy Low sell High
People are saying hold
This is it's expensive up here but if it's
If you thought it was a taser was expensive.
Here look at the move that you miss
Not buying it as it went in his new eyebrows
And it first it's very uncomfortable
You get some big Winners that that you've bought just just breaking in a new hunting ground and they take off
It's something you're going to want to be doing
Time and time again
This is an Armani
Play suit
That you're buying
Macy's
70%
Send off
It doesn't work that way
All right
You get what you pay for
You're not going to get a Ferrari for a Hyundai price
And
The stocks that are Market leaders
Are going to be
Eric Spencer
So you got to get used to like ice Dave said
But
Will get into buying from bases and
Entry points
Sing the real specifics
Pics of all this in in a little while but we want to also show you we talked about how 96% of big winners
Come from Market
Corrections right
Well there's a
There's a few things you need to know about this and in one of the
The pitfalls
House of
Trying to buy these Market
Liters is
A lot of people will wait
For the market
To look good
Before they start
Putting on their buying cap
And by that time
The leaders are
Eyeball moved up I was
A victim of this early on I started off
Being a
Trader
And meaning I would form an opinion on the overall Market
And then I would look for the best
Groups
And from there I look
For the best stocks
In the best groups
And build my case order from Market
Up to stock
And what happened was
Time and time again
Constantly missing the best stocks
And wondering
Why did I see those
Wow they look so good
And in hindsight I see where I should have been buying them
I didn't see them at
What time because I was
Too busy
Looking waiting for the market to
Confirm and the fact is many of these leaders will start
Emerge
Even before the market
Sometimes makes it
It's low in a bear Market
Now this is what I call predictive that's the first
Spot that
You are going to be
Looking
For a market leader that's after the market
It's corrected my
Maybe made one or two legs down
Search coming off
Lowe's and turning up
You're going to start looking for these stocks
When the market is incorrect
That's when you really
You need to do your homework
Looking for the stocks
Holding up the best
And stock
What are building bases
And
You're going to have usually three area sometimes you'll have a whole bunch of names
Well we merge predicted that was 1990
I found a lot of names that were produced
That they're the amgen's US Surgical
I'm trying to think
Some of the names
Power conversion
What was American power conversion these were names that were breaking out and moving into new high ground before the market even
Never made it slow
And then the market went and made a lower low but they made higher Lowe's
Then you have
Where you'll have a group of stocks that will come
And sometimes
You don't get many predict
James it could be one of these areas predictive question or
Confirming or a combination of them
Coincidence
Is a sock that moves
Out of its base
Right
As the market is coming off of it
It slows its final bear Market low
And that's what I call a coincident Breakout
Stacci Merchant
Coincidence
The market headed confirming
Is after the market itself
Has
Put in
Maybe a big
Cup-with-handle and his move sideways and don't the basics
Self and then you have a lot of stocks
Coming out of
Their basis looking similar to The General Market
Again 1991 going from 90 into 91 is a perfect example Microsoft
Home Depot Philip Morris at the time
State Farm.
Big cup with handle
And so did the market and coming I think it was January 15th when the
When we took off
Father that that big bass
You had a lot of breakouts and matter fact IBD message Business Daily the time ran a headline that said
Cup with handles proliferate
And they had a whole bunch of those little grass
And a whole bunch of couples handle patterns
Many of them went on to be
A big winning stock
What's the interesting I actually went into bills office
And
And since said this was right before we were going to get involved in that in the war in the Middle East
And I told Bill I said it would be it's hard to imagine that this Market is going to collapse
When there are so many cups in handle
And I remember showing him a number of those and then then I guess a day or two later he put those all on the front page
Of the newspaper
But
Lots of times as you said
And it depends on on on
How steep and how fast or how long the bear Market is
Is that some of these
Did the merchant leadership
Are breaking in a new hive
Months before the market
It actually turned so it's that's why it's
Important
Trade on the
I'm on what starting to move what who's got the best
Relative strength
Even as the market is
Is coming down
Yes and ice david just said
Back in 1990-91
I saw the
The same thing I
Lots of
Stocks that were
Forming these nice bases
And
Smart enough
The time I'm still
Kind of green back then but I was smart enough to trust
The charts and buy these stocks breaking out
And at the time that the news
Was horrible and some of the
The best
Analysts in the world were predicting
You know a horrible bear Market
It was going to continue
What the stocks told the story now
Exact
Same scenario has just
Happened
And in
In 2020
Where
We were just in our office
Months back
Talking about how everything so bad oh my God
Coronavirus
And I said
Temperature Mayo to my Staffing
Assistance
I said look
Stocks are setting up
Where can I buy them
We're going to recommend them and we're going to buy them
Is the stocks are setting up in there
There's lots of stock setting up
Testosterone
Always right
If they're not going to get stopped out
But we're going to buy the names of setting up
And lo and behold it
It's been an incredible lockout rally
And weave
Probably had
Some of the most members that we ever had double their accounts we will have so many emails of
People doing Sophia test
So that was all from fouling if you worked
Recently
I mean look at the news
With coronavirus in the economy
I mean we're looking at
Numbers that are
Depression-era number
You wouldn't go near
Stocks right back several months ago
Now of course it's looking a little more obvious now that we've been hitting new highs
Let me let me show you
How old is Works in real life
Okay
And
We're going to go back to the 1982
Bear Market
In the bear Market
The bottom
And look at Walmart which at the time Walmart was
The mid-cap
Company
Nutmeg
New
Company that you would
Makeup today this big
Certainly
Institutional favorite facts and this. It was a market leader
And you can see here as
The market comes off
This was a barrybrooke 1982 was a brutal bear Market
It was there was a recession
And it was really tough times
Economically
But you can see right off of this
Dispersed
Low here as the market rice
Turn up
You can see that
Walmart is emerging into new high ground
How to remove sideways in a base
But then you see the market rolls over
It makes a new low
Write the news is horrible
And look at Walmart does Walmart just comes back sort of comes back to the breakout point
Move sideways sets up again and as the market comes off its lows
It breaks out again into new high ground
Totally predictive this is really a great example of a
Addictive
Move in
Stock where it's
Coming off of the very first low and the market goes
To new love
And then again you see
The stock just moving sideways and then as it comes off this is the final low the bear Market low
19
82
Now
Walmart
Who's in the new High Ground again it's already up significantly
From that first Breakout
So this gave you a lot of heads up but if you waited for the market
Look you're buying the stock way up here
Extended where you should be buying it down here
And not worrying about the market so much
I don't look at the market very much
Watch I look at the stock
There's lots of stock setting up
Did I buy the stocks
That's really I know that
I look at stocks
Before the end.
This is very typical when a stock is
It went when a market is in a bear Market
The General market is in a bear Market
But you haven't
That is
Is breaking out in the new high ground
The way to the market is going to keep that stock
I'm really making a lot of progress
Dentist
It breaks out
Again
But this is where it really explodes when the weight of the market
Comes off
It's like it's almost like a
Beach ball that's been
Held underwater
For a long time and all of a sudden the weight of the
Comes off
It starts flying that's that's what's so important
Identifying those leaders even before the market
Make
Vinyl low
Yeah and here's the really
Really cool thing about this is that when you have a beer market
V stock
Stick out like a
If you know what to look for
See that's now you have something to measure it against
You see the relative strength and
You will also see if you're if you're using IBD or marketsmith
The relative strength number and the line will be
Very high going into new High Ground during this. Because it's f****** the market
Which will improve the relative strength and
Probably in a while performing The Grand majority of individual stocks so you'll see these will have
99-98 RS numbers and relative strength lines moving into new high ground
You want one last thing I'm a real we're not we're not
At that section yet but what is also happening from
Volume standpoint is the stock is still moving up on good volume
But when the selling comes in
The volume is really drying up and you can see it in areas
Like this
The stock goes sideways down
And there's really not much volume at all but when it starts picking up
It just one other thing that we're going to get really into a lot of detail
Let's look at Apple
So apple and 04
Came out of this very nicely well-formed large Bass
But at that time the market started correcting we went into into an intermediate-term correction here
But again you can see where
We come out of this base even as before the market turned up off its lows
Very predictive
And then as the market goes to lower lowest Apple just forms another base and gives you another by point
And then again we go even lower lows
An apple swarming another base
Was another by point you had three by points that you could have bought this stock went up over 100% And just six months from here
Turn of course we know you're the apple story going forward from there it's going up even much more
But what you want to do what you want to learn to spot
The strong stock
Uncharted
Stocks against the market
Particularly during bear Market
And buy as the stocks are breaking out
Regardless of the market whether the market is unohana correction
Or at the very least
Put these on your watchlist
And you might see one that's me about
Performing and coming out of the base and then as the market goes to lower lows and turns up
You might get yourself another opportunity to buy it
Let's take a look at at Amazon
Write a net again
The thing to remember is leaders lead
These stocks will lead
That the General market and they will bottom
Head of the market and usually what happens is
They form of Base
In Ann Arbor
Trance while the markets in a downtrend and as the mark
Off the lows
They're breaking out of that continuation
Ocean pattern
So again for someone like myself or David
Or someone who's done this for a long time
This just sticks out like a sore thumb and we can't miss these there it's so obvious
But if you don't know what to look for
Then you
You'll miss it and you won't see this and you'll be looking you'll be you'll be late
So here Amazon stock bottoms back here in 01
Right
And turns up into an uptrend here's your
200-day moving average 40 week moving average you can see the bike point
Coming out of a nice well-formed base here
Is coming
Write off of the market lows
You see the market doesn't bottom for another year
Or even more than a year in the market doesn't Baba stock bottoms a year or year-and-a-half before
The the market Bottoms Up by the time the market bottoms
The stock is set up and ready to go
And right off the lows this is a coincident move now we're looking at a coincidence
Of the stock breaks out
Right off the market lows and then you see once this. The stock has already made a nice move and the market is just
Starting turn
Interruption the market is late
The leaders will always lead
It's important that you look for those leaders
One other thing is that
You'll see that
You've marked invite point but then it gives you
Another vibe went right here
Damn it that's that's what's always interesting
Is that if you miss the stock on the first five point there are so many ways
Just getting in or ever so many more bases in it when a stock makes it
240% movement
Zelda multiple
Times that you can get in so you could so don't
Not you don't hit yourself in the head for for missing the first one
It looked II by Pointe II the next
That the next pullback
And one thing just did just two plugs are the sponsors of marketsmith
That
Product Market Smith is designed to
To show you these types
The philosophy the
The Kansan philosophy is embedded in that
And it will help you
Define
These types of leaders before the market
That's right the entire product is
Design around
The strategy that
You do we use
That David has you know
Developed with O'Neal and also to the middle back to wherever you know my friend templates are built-in tomorrow
That so you can
The product that you're getting with marketsmith again you know
I'm not plugging marketsmith because of our sponsor
I've been using Harkins minutes before we ever had a Master Trader program for decades
In one form or another before it was marketsmith it was
Daily graphs online before that was the only grass printed
I've been a customer marketsmith
30 years
It's just a product that has
Everything that you need in one place
And you can't get it anywhere else all the sudden
Information
Let me let me move on here and show you eBay
This is another
Stop that
You can see again if you look at the development
Ends of where the stock
Bottoms an old one
And it's
2 years
Let me get my
It's two years before
What did the stock sets up in a buy point is in a stage 2 uptrend turns into Stage 2 uptrend
Budget going to see the market here's the NASDAQ
There's where bottom
Right and so
It sets up and gives you all this lead time
And then as the market
Finally bottoms you're getting the leading stock
Setting up hearing coming up
And this is more of a confirming type setup
Moving on to Lumber back or moving back to Lumber Liquidators we looked at
Before again
Take a look at how
This is one of the very first stocks to move into new high ground
Right off the low
Again a coincident move coming right off the lows just as a stock just as the market is moved
Off the lows
The stock is
Coming out about sending base year and moving into new high ground
What I'm talking about bases and some terminology
And you may not even know what we're referring to at this point
We're going to cover all this when I assuming that you know
You know what these bases are in these
This terminology we're going to cover it
Well and we're going to move forward with that right now we just want to just show you Jessica
Pairing the stocks
Versus the market
This is this is sort of looking at roads
Strength without a relative strength number or else
Strength line
David can look at a stock I can look at a stock
And we can tell you if it's out
Performing if it's relatively performing I can look in the stock and tell you right away I mean it was pretty good accuracy
If the stocks
High 90s relative strength
Just looking at it not even looking at
The relative strength number and Ivy
Alright let's look at Humana this is going back on this is timeless
Look at stocks
What's going back to the 80
1800
Coca-Cola
Back in the early 1900
Was basically Mark was the monster beverage of that era
And it emerged
From a
Patterned very typical
Cup-with-handle with BCP characteristics
I beg accelerating learning
Small cap company that
If you heard of
And
Nothing has changed
Okay these this is Peter Timeless principles that's the beauty of this
Work
4 Generations
So, you can
Teach your kids to do this
Now looking at Humana
Right and Humana today's a big company
Right so if we go all the way back to 1978
Amanda was not a big company back
I got these work these were small mid-cap names
Look at Humira coming out of a base will be into new high ground
Write almost off the deadlock
Almost off the
Dead low the market
That's a coincidence move
Right and here's the I want you to look at the contract
Look at the market in a downtrend
Right below the 200-day
You want to date in a downtrend
Look at the stock
In an uptrend
Above the 200-day
Stage 2 uptrend
See the stage two uptrend
Is already in place
Before the movie starts
Right and it's bugging the markets income
Complete
Contrast
After the market so it's so obvious that you see the elf
Performance there
San Marcos
Did this is a Humana SS the market is in a bear Market
It's just is
Just building
1 days
On top of another vase
Along
Along the way
It's just a series of
I call it and you can imagine it as
Almost stats
Swear
It goes sideways and then it goes up to go sideways in
As long as those
Steps are being built
Then you've got a you got a 6S
Yeah yep is it a base
Are we going to have a battle of the tools
David I don't know what to do with what we have all these tools where it where we're overwhelmed
What kind of things we can draw.
There's some funny things like this if you love it I can
To put a heart
Again we can put a little little
Taxes to show you things
So anyway this is all new to us
So
But let's take a look at a stock that I made a really nice game in a short. Of time and then it went
Turn on to go up several thousand percent I thought I was
Pretty
Pretty smart
Making almost a double on it
In this in this
Quick move here coming right off of the load
We have a special section on power plays
That we're going to
We're going to talk about later and this is a power-play setup but the keto watch
Dedicated to look at here
Is that you want to be building your watchlist by the markets in correction and look for those stocks
Are holding up the best
And that are building bases and are breaking out first you see if you got
You know what you worried about the market correcting here
You made out of
Saw the stock breaking out and coming out of this power play
Moving into new high ground
Just one day before the market makes a low-head again this is getting that leverage that I was talking about
Where you see the market moves off that low it's up 18% during that same.
Pharmacyclics is up 90%
I see you get that 4521
Leverage this is how you get your Leverage
This is how you this is how you Leverage
Your account
Make those returns you don't need margin necessary to get leverage you need to be in the right place at the right time
WR Grace this was another one that was a big winner for me it went up 147% and 55 days
I didn't get that whole move but I got a pretty nice
Chunk of it
During that same period the S&P 500 was only up 9% and you want to talk about Leverage
That's like you do 15 times
The market right
That's what I'm talking about
Getting the leverage buying at the exact right time
Coming out of
The proper setup
And buying as it emerges and again you see how it's coming
Again this is like a coincidence move coming right off the lows and just a little bit late off the Lowe's
Not completely coincident off the first few days
But in the first several weeks
A off the off the load
No
You might have a stock something like a CMG
Which
This is a little bit later
You see that this is this is more confirming where
Now you make the low here but as you build the right side in the market
But you don't always get sometimes you move
Straight up GolfLogix on a v-bottom like
We had recently
But sometimes your bill that right side and the and the stock will build a base along with it and then start emerge
Emerging as
That they are the market of finishes its
It's Base building process
Did this can play out in a number of ways and you can get a combination
Oh predictive coincident and confirming or you may get where you don't see hardly anything setting up in a project
The fashion to get everything coming off the lows and then
Yes I'm confirming
But you want to be looking at each of these key points
And looking for these the stock setup
Anything important to adhere
Spanish Church
Know no better
You can just see him on
CMG that
It's interesting how
How this stock is
Getting tighter
Haider even though
Even though the market is
Excel
Is
Is is going down and shopping around little
Lookout
Titus
Is getting
And that's usually what you want to see before us
Really
Explodes
Volatility in the market if it doesn't translate to the stock that's going to be a sponsor about the
Make a great move
And that is just that just
Signature style my vcp signature pattern what you see here
Tightening tightening
Tightening
Really tight
What you're going to get into
Again
In depth
But again the tightness and price
Key here
Alright let's let's take a look here I want it I want to take a look at this
Stock here
Some of you
Maino
You know right away
His name is just by looking at the
Chart I want to go over this and just
Sort of go over what was going on during this
Horrendous bear Market we're looking at
The 07209.
Arrow 8209 which was just
One of the most treacherous bear Market
I've been involved in
I'm a very difficult Market
To trade at that time
This particular stock
Alright some of you can guess what it is
Why the market is in this
Terrible bear market and you can see it makes a new low
Right from
From this point here
It makes a new low
From that point to that point with a market middle low and it makes another low
This stock
Goes up
Over 100%
It makes a big move
And that's a that's a
Fleet
The total Divergence from the market you can see the relative strength line turns up here
Of course because it's out
Performing the market right
And then
It goes sideways for a while
Write the NASDAQ hits a new low
The relative strength line hits a new high
The trend
As the stock moves up
And that end the moving averages turn off
It's now in a confirm stage 2 up track right after
After some time goes by that builds this
Large Bass
And then you can see the General market starts
Turn it off
The think of point out here and some people get fooled by this because
The look at this and say okay when this stock finally emerges out of this base
It's been underperforming the Market's been moving up
And now this. Just moving sideways that's because the stock is in its own cycle
It is already moved up
Significantly
Prior to the market moving up and now it's just I jesting that move and setting up
In that continuation pattern
So again if you're looking at it early enough
And you're looking for those predictive
Stop
That you'll get a heads-up and then you'll be able to
Get involved in a stock hear and understand
Where it lies within the Continuum of
A price action versus the market
This is where I'm buying it right here
And this stock went up $500
Percent from this
And is going too much
Much further from the Earth
It's Netflix
Of course and again you see
Looking at is looking at a weekly look at the prior uptrend in the
In the
Stock
Versus the market
In a downtrend and making lower lows
And then you go to the Basin. And then it emerges
This is more of a
Of a
A confirming it breaks out in more of a confirming fashion
But it was predictive it made a big move
And it gave you that heads-up and got into that stage 2 up trip
That's one that was a little bit tricky and I just wanted to
To show you that
Comparative
Somewhat
This comes to mind is
Advanced Micro Devices now AMD
Which it also sad out to the lecture the first party of this
This bull market ever since March
It was a number of months with that thing was just going sideways going sideways but then
Announce earnings and also got some good news from its competitor in the stock
It's now taking off
Is now one of the
Leaders
Yeah yeah and I I tried to buy it a few times
I was thinking that
It was going to go and it didn't like
You said it kept moving sideways it actually knocked me out of it if you
Two times I got stopped and then we finally got it right
As it turned up from that to that long sideways accident and lately it's been really holding up quite well
So
DocuSign again going back to DocuSign perfect
Example
Of a of a coincident move right off the lows
Is City Market below the 200-day
DocuSign above the 200-day
In an uptrend and then moving into new house coming out of that bass
Right off the market Lowe's act that's another
Example of a coincidence
What do you look for
We talked about Market Corrections are good
I've obviously they're not good if you get caught in them you don't sell your stocks and take your profits
And you're holding through it
You shouldn't be
But but
If you're able to follow the rules
And get liquid
Market Corrections are great big
Because that's where the leaders
Stand out in
And give you an incredible offer
Remember 96
8% of the big one
Stocks
Superperformance stocks
Start off of a marker
Directions so that
Should be
Something that you are getting very excited
What about when
The market corrects
There's some things to look for when you get a market correction
You want to start looking for stocks hitting the 52 week high list because again that's
Demarcus correcting hitting lows
And it usually in a downtrend and you have stocks hitting the
52 week high list
Telling you something that
Something's going on there
That's that's Incredible strength
You also want to look for
Stocks that
Corrected
The least amount
During
The correction
So if the markets down 25 or 30
Percent and you've got some name
Games that only
Came down 5 or 8%
That's that's really good relative strength that should show Bella
Improve the routing number and the
The brothers
Line
And just by looking at those names
You're going to end up finding so
I'm leading stocks because their the price is telling you that
Something's going on
You also want to look at in this was a
I think a good thing to look for recently
When we came off of this V bottom
Look for some of the stocks that
Shut up.
The fastest
Search off the low
The stocks that came off
But they were able to make up that ground
And come all the way back very
Quickly
Those are also names that you want to look
4 ml
Or subsequent basing
And then
You're you're basically looking for stocks that are building bases within the context of erupt
Stage two uptrend names
That are building bases and
You want to see a
Proliferation
You want to see
More and more stock setting up
And the ones that do are the early
Predictive
Leaders
Emerging holding up and then another waiver to coming after those.
And that is just confirmation that
The market is getting close to a bottom
And that the leading stock
Are telling you
It's time to
It's time to buy
And you're very often also see a follow-through day around this time
It's the accumulation in the major averages
And see some type of fall through date
On the table just like the NASDAQ
And the S&P 500 NYC
I would add to this is that
When the market is either in a correction or bear Market it's it's it's
You can be very discouraged
And maybe it's months that you haven't made any money in the market
Start making
Maybe making Lowe's but then as Mark said some of them start holding up
Was it this is not the time to 2
To sit back and say there's nothing I shouldn't even look at this I shouldn't even go through
Two charts I couldn't even look at the market
This is where you really want to do
Some of your
Some of your best known work of your longest number is
Starting to spot those ones that are
Holding up against the bear Market
Because those are going to be the big leaders because
Yeah you know just about the time where you've just given up and then you just say hi
You know I can't find anything
That's when the markets
Stirling soap
This is where you really want us
Spend a lot of time and doing your homework during a
Correction
During an ongoing
Yeah the longer a bear Market
Kinkos on
On the more weeds everybody out and
They start throwing up
The towel and giving up and it's
With me it's the exact opposite
The longer the bear Market
Goes on.
Harder and
I'm studying
Looking for the gems
Because I know
We're getting closer and closer
Golden opportunity
So again
If if you're looking your wounds and you
You've been real beat-up with glasses
Yeah I can understand that you don't want to be involved in the market
But we'll talk about that
Get you straightened out in
Risk management
Part of the workshop up so we're going to take a
A break now and this
I believe what the last
Section 4 day 1
I'm and out we're going to conclude here
What's up we'll come back
And when we do we're going to get little more
Specific and start getting into that
That overhead view
And I getting a little more
Pacific on the entry
Points criteria
As we go in
Did you
What date to
So what
Well. We'll see you soon