[gbarbs]

Hi All - I am new to the site and introducing myself here. I began investing towards the end of 2008 just before the market crashed in 2009. I started out as a value investor, buying undervalued stocks and not paying attention to any technicals. I did well but in hindsight the market conditions made me feel smarter than I really was. I did have the confidence to invest in the midst of extreme fear and I gained that from some books I read on value investing. That early success and mindset delayed my introduction to mr. weinstein. his name and book came up a few times on blogs, ,etc so I read it the first time about a year or so ago. I just read it a second time after deciding I would switch primarily to his system and wanted to make sure I was up to speed on the details. I have to say I think I learned as much the second time around because you don't pick up on some of the little things until you begin practicing for a while.

I 've lost the gains I had made early on riding "value" winners back down, and then compounded that by adding to undervalued stocks. I did that after reading weinstein's book and so have learned costly lessons that won't be forgotten.

After brushing up on the book and reviewing the market and searching, I started buying the last few months and have done quite well. Ive been short gold (GLD & NGD) which has done well, and have been stopped out of a few losers with small losses. One of the winners I got in was KKD which jumped nicely a few days after buying.

I recently purchased OIS and it is one of my favorite looking charts.

Others I own now are THRX, EVC, CMLS, CBST, ARKR, AMAG, ACOR

Pharmaceuticals and healthcare look strong to me.

The broad market looks to remain bullish but I see a divergence on the HL and DOW starting in Sept 2012. I am not up to speed on anything from the PTR or GTR, so I have only used the indicators from the book.

Questions I have are if anyone has replaced GM with a company to look to as a market beacon? I've looked at the new GM, GE, F, and AAPL but have not proven that as a real signal.

Also not sure what a replacement for the Price/Dividend ratio would be. I understand tax laws have caused that to come down so not sure if anyone uses a good indicator for the market being over or undervalued.

With the early warning from the HL, and global indexes almost all breaking below their 30 week MA's I am remaining slightly defensive. Not hesitating to buy but using trading stops and trying to keep the stop loss distance to a minimum. I've broken that rule for a few that looked exciting, but staying small on those.

This site looks like a great resource as I can't dedicate all of my time to looking at charts and a nice place to bounce ideas around.