Twick, ouch again! And worse yet my model is now telling me to go 100% long on the open. I have a feeling I'm a bit early, but few can pick the absolute tops and bottoms. The exception to that rule perhaps is Zeev's turnips. For major turning points,he seems to key in on tick, vix, P/C & trin (with emphasis on the tick from what I can surmise). Later this year I'll probably see if I can build those parameters into my model with the ambitious goal of being as smart as a turnip (g). In the meantime, I have to go long now. Below are my buys and sells so far this year which aren't too bad, but as I said I don't feel very optimistic about my current move into the bull camp.
- January 2nd: buy qqq at open 39.57......$100,000 in qqq.
- January 4: sell qqq at open 41.95.......$106,005 in cash.
- January 7: short 25% of account at open 42.11......$79,504 cash, $26,491 short qqq.
- February 7: buy back qqq short at $36.00......$109,829 in cash.
- February 20: go 50% long, buy qqq at 34.9......$54,904 in qqq, 54,915 in cash.
Tom |
