QUOTE (mbradley @ Sep 1 2004, 02:28 PM)
Depends: Did you trade it when your forecast came out?
I never could.
To a certain extent, yes, but not based solely on the forecast. The forecast did always cause me to think twice about shorting the market (it did cross my mind more than once
) since the mid-month low--other than intraday trades, I haven't been short overnight a single day the 2nd half of the month--is avoidance of destruction of wealth adding value?
Like you, I never could/would trade solely on a model, but when supported with add'l evidence....pulling the trigger is that much easier. Otoh, if other TA evidence outweighs what the forecast (subject to inversions) is suggesting, I have no problem fading it.