Well folks, after a week of relaxing, I will take a more serious look at my "system" and decide to dump it entirely or revamp it. It has caused me to lose in a market that is up over 20%, so it is obviously broke.
Futures are up after opening this evening, so the markets are holding their gains from last week (options ex week). How much higher can they go? According to BT and JJ, 2000 is in the near future (after hitting 1700 this week of course). Now while I can imagine that, I (as I have all year) fail to see how this market is rocketing up with mediocre economic data. There appears to be a lot of manipulation of stock prices and therefore the psyche of the markets... but no way to prove it...
Since my gut and my system has been horrible this year, I will be posting my observations of the markets, but not moving anything until I can figure out how to quit losing money...
Have a great week everyone!!