System keeps me out of trouble, gut is based on intuition that any pure set of numbers will never be able to always predict.
Making mistakes is the best way to learn. Once again, I needed to just wait a couple days last week to make good money on my short, as the sds hit my upside target of 49.3.
bottom line: No "system" is as good as experience. Having done this for so long, rallies and corrections always last longer than anyone thinks, or logic would say makes sense. this current almost 4 year old rally (begun march 6, 2009) only makes sense if the economy is about to turn around and march upward faster, which only makes sense if you believe the fed alone can fix the economy, and that other governments can solve a financial problem that they have not had any luck fixing so far.
Seasonal postiive for 2 more months. Market topped out on March 24th, 2000. I will not miss out on the coming bear, will be fully short by end of april, and start shorting again soon.
Enjoy the weekend. Remember, anyone reading this, your health is all you really have so eat right and dont worry about lifes challenges, as worry will kill you faster than any bug can.
