MARKET INDEX TECHNICAL ANALYSIS - MITA Message Board

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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: J.T. who wrote (17360)	6/16/2003 11:26:30 PM
From: jason D.	Read Replies (1) of 19219

I did an about-face at mid-day and am now long again in QQQ's. Although I have been whipsawed 2 days in a row..I am actually pleased with my performance, since in my previous incarnation I was a long-only bull who would sometimes get locked into an unprofitable position. Both Friday and today I reversed quickly, yet not before the market had confirmed. By the end of the day I was up nicely. Now.. if we can only get some follow-through, so I can lock in some substantial profit! Sideways volatility will likely be a challenge to my current swing trading system, since I am trying some new things here. However, whilst not the most profitable, the last 2 weeks have been the best I have ever traded. Despite the chop, I have been up every single day at the close. Unfortunately, we just haven't gotten very sufficient follow-through. Does anyone have any comments or experience with an ALWAYS IN MARKET system (Long / Short)? Again, I believe the key is just managing drawdown during long directionless periods. Thanks. -Jason

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