Tuesday, October 7, 2008
Moving Forward
The S&P 500 and DOW have experienced the biggest fall since 1937. As you know we are not trading live money with the exception of a partner's account and on Monday morning early we placed that account on hold as well. Many are asking how exactly all of this turmoil really affects our system. Our trending strategies are actually helped by the market craziness. Our ranging system however is very much hurt by these conditions. Our plan moving forward over the next few weeks is to continue to assess the situation, not trade the ranging strategy until the market completely settles down, and continue to trade our trending strategies. We do expect to place 3-5 high probability entries on our partner's account this week.