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Strategies & Market Trends : Longer-Term Market Trends

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From: AllansAlias	7/1/2008 3:11:29 PM
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I am out. Covered remaining 2x SPX short. In at 1398. Out at 1280. This morning broke foggy and cold. It became rare and glorious by midday. The sound of boats on the water and the sails everywhere -- great day it was on the golf course. I will tell you something here... I did not cover 'cause I "knew" we were done with this down leg. We likely are, but I am not sure. I covered because I was thinking about it while I was playing golf. I was thinking about how much money I was losing by not being around to cover before the rally that nearly always comes after opening weakness. That is silly. I had such a great day, and here I was thinking about my short. I was thinking about how I wish I could have been around this morning to cover into the opening weakness. Nope -- time to cover and enjoy a bit of summer. Hope everyone has been trading well. --Allan

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