I was down a bit in March, but up 16% YTD 2004, mostly due my my correct call of the market sell-off on 4/23 and 7/1. Made a lot of money shorting and putting QQQ and individual stocks.
On July 1, 2004, I posted on SI below text:
"June 30 Fed decision of 0.25% interest rate increase pushed my model to another test. When the dust settled down, today's market action gave a "Perfect Confirmation" of the sell-off. July 1, 2004 is the first day of this sell-off according to my technical model. The market indices will very likely test 2004 lows, and likely to break down to new 2004 lows. "
Click below link and you will find exactly that.
Message 20273919
I said before here, I had given up on "relative value" approach after trying it for couple years. Market top and bottom are actually not impossible to detect. When deeply undervalued stocks are not available, don't buy the "relatively undervalued" stocks, keep cash or short the market, like I did in July 2004. |
