How To Choose a Stock In This Market

In today's economy you have the news reporting how everyone should stay out of the market and how bad the market is. While this might be true for some people and the older generation it is not true for the younger generation. What people aren't mentioning is that this is the best time for younger people to invest. You will never find these companies at a lower price than you have and will see through the next year.
That being said there are a lot of money making companies out there right now. For instance I purchased Ford (F) at $1.76 I figured out of the big 3 Ford would make the most sense because they looked like they were doing well. For the first week or two it went down to around almost a $1 I didn't worry much I figured it would go up. And it did, it rallied for the next week and on till I sold it at $5.76. That is a $4 increase and if you purchased 1000 shares of it, that would off been a $4000 net worth profit in only a month. Thats if you only purchased 1000 shared. Many others could of purchased more.
This is all great so what method do I use to find these potential booming stocks. For instance Rite Aid (RAD). You have to research and look at many charts, you don't even have to research that much just go to finance.google.com and look through all of the sectors and companies. The most important factor to look at right now is the % increase or decrease. I go for the % Decrease. I read through the company information see what they do and how well they are doing, obviously they may not be doing that well right now but I look at the past on the charts from 3 months to 1 yr to max. You want to look at the trend of the stock. Does it go up and down has it had tough periods before. What was the max value of the stock the average value. Another important bit of information I look at is the 52wk High and Low. I like to know where the stock recently has been. Then looking at the chart you want to look at the 1 yr to 3month period and see where it is compared to the the previous times. You don't want to buy at its high point in this kind of market. You want to buy at the low point or below the highest point thus far.