Entering gently

Trend followers recommend that we buy at big volume the moment the index started to break resistance at 6550, which happened convincingly yesterday.

However I opted to enter gently. I bought BEL at two tranches, and it promptly turned green same day. I added also to existing positions in FLI and ELI, and then BPI. The addition in BPI seems to be iffy since banks today seem unattractive and being exchanged around foreigners (instead of buy-and-stay-a-bit) for some reason.

Entering in small tranches is just a precaution. I feel that many countrymen are poised more to take profit than stay on for longer, so stocks will definitely not jump straight as they did last year. So better still to have some cash to be able to add on big and small dips.

The next two weeks, again, will be crucial for us to judge if we're on to finally a general market uptrend.