Market still has lower levels to get tagged on downside before we get a tradeable rally...in the meantime my system has done a fantastic job of rotating out of winner at precise price targets as well as stopping out of losers before larger losses mounted. Going out on the week with largest cash position since I got up and running at 80%...think it's late to short a lot of stuff yet too early to buy, remember price is the upmost importance to me, so I will remain patient and wait for the market and individual charts to give more clarity. this week has really seperated the Model 10 from the S&P 500 performance wise....these distribution moments in the market are key to how my system generates profits or performance over time, by consistently taking gains at high probability levels and finding better places, you are never in stale positions...too many people get stuck!
No comments:
Post a Comment