I am just starting out. For the moment I am paper trading. I decided to start out with position trading in stocks. This doesnt mean that I am going to stick with it when I actually start trading. I choose the stocks and look at the market based on CANSLIM. In my opinion, the market is going to rally soon. Because of the increased volume and consolidation on Friday, I think the market will improve, but it wont be a secular rise. It will probably go through more cycles until the Eurozone is resolved, or atleast a solution is in table. I will be reviewing the CANSLIM 50, 3 stocks every week according to the criteria presented in the book. I like to know the numbers rather than just rely on the IBD ratings for the stock. While the ratings are helpful, without knowing the numbers and the stock itself, it is difficult to buy or sell. Of the three stocks I reviewed (LULU, ULTA and ALXN), I found ALXN to be the most promising. However, ALXN is not basing at the moment. However even though it is not a bull market exactly, and the stock is not basing like stated in the book, I think it is safe to buy, because of the very strong growth estimates, and the moving averages. Time will tell.