Wednesday, April 13, 2005

Riding the bounces.

This may look phony, but honest, it's true. The market has been very volatile lately, and I've been fortunate enough to sense the turning points pretty well.

The graph shown here indicates my entry points (both short and long) for big index ETFS (SPY, DIA, QQQQ, IJR, MDY). I'm sort of on the sidelines for straight stock positions, but I'm making ample use of indexes. The bouncing up and down will eventually get broken (my belief the downside) but for now it's good, clean fun. (Comment from the next day: yep, it got broken all the downside.)

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