Except for the fact that I didn't go short I went long I think my 16 mth record indicates that what I'm doing seems to work because I follow the overall market. I don't flip like other guys on here who never show their actual trades and flip like the wind when the market goes the other way. Pretty easy to make predictions when you show nothing of it!! As Tom Cruise would say, "show me the money" and I'll respect your calls much more, other wise I wouldn't say someone with a 16 mth winning track record is wrong lol!!! I started buying when the market started falling yesterday,,,, of which I had already made 30 points on my first long trade!!!! Why,,,,, because also unlike other guys on here who are looking for the S&P to fall to zero or move to 10,000 I follow the trend. In the fall/winter we were due for a fall so I only shorted. When we hit around 4300 I started trading both long and short depending on where the market was because the bottom spotters came out. Since 4000 we've been in a grind mode and still remain in that mode. As we pound out this bottom we'll likely eventually see a rally for a while.
Meanwhile, sorry it took time reporting but I was typing this but I had to add to my long with that last dip averaging 3838 now, now done for the day and went long the ndx at a nice even 11,500 for a longer term trade....
