Continuing to pick up nickels and dimes. Today another 0.3%.
But my model is no where near OB right now. These last 2 days couple with Friday have served to put me at a slightly OB state, which is just about average for a Bull market.
It would probably take 2 days to get to the OB point where I would reduce or even go short. On the flip side, a decent down day will likely put me into the first scalp of the year.
A "scalp" is something of a casino game as I play it. Once entering a scalp position, I will increase the stakes every day until the scalp (OS condition) is off. I will increase the ante for up to 5 days, or until 200% is reached. If the OS conditions continue, I simply wait with my 200% long until the OS is abated, and that is when I cash out. This strategy has a decent success rate for me, but may be a little slow and not reward sufficiently (2-2.5% gains on average) for astute traders.