January 22, 2010

Gratifying Thanks From Youtube!

I just received a really nice comment today on one of my Dow Jones Stock Market Index YouTube videos. Here is what he said:

"Asoka Selvarajah You are a Legend.
You saved me tens of thousands in 2008.
Thank you so much. I saw your analysis in Jan 2008 and went to cash "
BandwagonJumper007

Now I have to admit that I am rather shocked when people take action on Trading videos that I intend primarily for education and information. And of course, they do so at their own risk. However, I am very gratified that it worked out so very well for him. In fact, what he did is precisely what I did myself shortly after making the videos he refers to. I sold out all my own stock market investments and also went to cash, 100%.

I wish I could say that I had participated on the entire stock markets rally from March. I DID participate in the first few weeks of it (in fact, I pretty well bought the very low of the Dow Jones at 6474 – actual low was 6470!). However, I was pretty skeptical of how long it would last, feeling that it was a bear market rally, and hence likely to falter. So the last 9 months caught me somewhat by surprise. Then again, after the Stock Market Crash of 1929, most people got sucked in by the subsequent rally only to get killed when the market tumbled slowly but relentlessly over the years that followed. So, let's wait and see.

Here are those very videos for your interest. If nothing else, it proves to the skeptics that Technical Analysis really can work extraordinarily well at times…