Saturday, November 10, 2012
We did all the cipherin and figurin and had what we needed to trade loaded and ready to go so it was a lot of work but it would be fine if the work were done for nothing and the market goes higher from here.
I am not worried about not getting the trade done Friday because our objective is to avoid the full brunt of a large decline. Theoretically, if it stayed one point below its upward sloping 200 DMA forever then there would never be a large decline to be avoided. More realistically the SPX will not open down 20% on Monday morning so we will execute our strategy if and when needed as best as we can.
Posted by Roger Nusbaum at 6:00 AM