Use the 50-day moving average of the NASDAQ Composite as your general

this article is ref. form Mr. K twit

I’m sure a few questions immediately come to mind: Why the 50-day? Why the NASDAQ? And why get out of the market?

The 50-day is one of the strongest areas of institutional support for both an index and a stock. I consider it as a “sign of health.” For example, if someone asks me “what do you think of XYZ stock?” The first thing I do is pull up a chart and see if the stock is trading above or below the 50-day. I almost NEVER buy a stock below its 50-day because if it’s not good enough for the institutions to support it, it’s not good enough for me. (Note: the 200-day is also a strong area of support, however a stock or index near its 200-day is usually already below the 50-day, and further deteriorating in health).

I use the NASDAQ Composite because, in my opinion, it is THE leading index filled with the young, entrepreneurial growth companies that make for Great Winning Stocks.
asr: Mr. K also said he uses morning Nasdaq stength to see trend for the day

Why get out of the market? Because I believe in Jesse Livermore’s philosophy:
1) the market is healthy 2-3 times a year,
2) do your homework to identify those times, and trade them aggressively.
3) The rest of the time, build cash and protect your profits.
4) Livermore believes you are a fool for trading everyday and “you should not be in the market all the time.”

asr: he mean 2-3 times meaning take like one month each for duration of healthly market to enter , so 3 months is 1/4 of the year time.
apply same to OIL market monthly , that is 1/4 of time is you get only 5 week good entry points => that transalteds 1 entry point per week . very very true , just follow this. other times READ about market , OIL seasonal MCRI , technical chart reading patterns, practice patterns.