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Thanks for the update and I received the emails too!!!
Cool. Some probably noticed they didn't get an email. That is no fault if their own though. I was extra busy today landscaping for the Mrs. Should have everyone done tonight. Thx.
JDo you have a good email to send you a question. I do not want to post it here because it may involve some $$ for you. Thanks.Jim
Wow, not sure today was a good day to be short...
I meant to chime in yesterday - they released the May twist sched right when they rallied yesterday. Today is a big purchase day. Also noticed a 400 m block buy in aapl yesterday. I dipped a toe long and will hold til stopped out. This train is ignoring all news and seems determined to chug along for another week or so. This is the plan of the Western world- rally on and hope spending and jobs follow. Amzn is my next short target. Big gap and deal with msft puts a big dog in direct comp with the kindleand ebooks. At some point having a 140 PE wont fly
All time high on DOW... WOW...Nice place to short ;)
I believe it is the 2012 high for the DOW not an all time high.
No system can be prepard to deal with unexpected economic news, but I am curious as to where J's system is going to go now.
Algyros, bsed on my 30 years of observing the market daily, I would say that "news" is irrelevant to what the market does. The condition of the market determines what events will become featured as news. Watching the news is watching the effect and not the cause. J's system will be fine. No system is perfect at catching turns and no system operates without draw downs.
exactly what you just said, the news is irrelevant. When backtesting systems, you cannot see what the news was everyday. News I think ultimately is a catalyst to allow the market to go where it was going to go all along, but an "excuse" to do so. And yes, no system is perfect. You complain when the "news" goes against you and cheer when it helps you.
Actually, I agree with you, ES. My statement was a sloppy; what I should have said is that no system can find iself on the right side of short term market moves all the time. But, getting back to what ES said, it seems to me that a market that wants to go up will do so in the face of terrible news, and vice versa. Which is why, except for J's system, the rest of my investments are based on trend-following.
LOL Almost back to the short entry!! Crazy market.