The Black Box

[mjk]

I agree about the day-to-day stuff...I only really care insofar as it plays into an overall scenario. I don't trade the day-to-day, just use each day's outcome to try to determine where we should go next. If we have a string of a few weeks where everyday's playing out like it "should", then I have to assume that we'll continue on that particular path. Then of course there are other things that go into the "bigger" picture, major sentiment stuff that occured during this 04 correction, simple valuation metrics, etc. The market's greatly undervalued here still IMO, and we have a ways to go up before it reaches "fair value".