Replies to post #257 on The Black Box

[bbgold]

Right back to Resistance
Tomorrow should be a telling day, maybe. Definitely could go either way :^)

[exp]

steve, are you still 50% in calls/100% cash ira/100% ndx 401?
..tia..tia
george

[exp]

steve, after watching your trades last few weeks here are my thoughts:
why do you need a trend? why do you need to have an opinion? why not just buy calls (puts) when indicators look very oversold (overbought) and set a stop loss on it?

if the market goes up (down) next 48-96 hours you sell for a nice gain and if not you get stopped out...and on to the next trade...no need to have opinions, market predictions, etc...just reliable, back-tested indicators in some kind of system...
NO bias...NO opinion...reliable SYSTEM...to me these are the KEY things imho...your thoughts?...