In broad terms, we use the following steps to identify investment opportunities in the Asian stock markets and to time purchase and sale recommendations accurately:
	Determine the position of the index in the principal market cycle. There is a reliable four-year cycle in global equity markets, including Asia's.
	Determine the intermediate-term cycle. There is a variable medium-term cycle of 6-12 months duration for most markets. Typically there are 5 or 6 such sub-cycles in each four-year cycle.
	Identify which markets are performing best. We use relative strength charts with moving averages to determine which markets are outperforming and which are expected to outperform over our investment horizon of 6-12 months.
	Identify which stocks or groups to focus on immediately. We screen a universe of 100-300 stocks for each market to obtain cyclical, trend and relative strength data for the various sectors.
	Confirm prevailing or incipient themes in the market. We aggregate and interpret the screen data using a scoring system that quantifies both absolute and relative trends for each stock.
	Time entry and exit for markets and individual stocks. Buy and sell signals for each investment are determined using the most appropriate combination of technical indicators for the particular situation.