Just like anything else, it takes years to get good at it. 5-10 years from now, you'll be an old pro at it. One thing that is an excellent help is to be able to study and understand the charts. They aren't always 100% accurate but they certainly are a tremendous help in knowing when NOT to get into a stock. Right now, with the fins, based on the charts, I would be sitting out because the charts are tittering between either going back up or going down. But, there is a few other things that have me leaning towards the markets going down and that is the volume is too light for any big push up and I don't believe all the hype about the economy is recovering. However, as we have seen, none of that matters if the fed wants to step in and manipulate it. You're playing it smater right now than I am by jumping in and out. I'm actually long on FAZ and that just might come back to take a big bite out of my ass.
