Quote from ByLoSellHi:
I'm not going to debate that call with you incessantly.
The simple fact is it was inherently timely. I started it on 2/28/2008 (go back and check), and I can assure you that I saved myself 6 figures by following my own advice.
Chart 2/29/08 forward.
Did I re-enter at the perfect time after the sell-off? No. I'd be lying to claim otherwise.
But saving myself that nice chunk of change made it all worth while.
On a separate note, I said earlier in this thread that this will be a stock picker's market - the indexes fell sharply today, and with 15 open long positions, I was down approximately 1/3 of the average of the indexes. Hardly a ripple.
I'm not saying it was a bad call, just pointing out that you tend to make your calls towards the end of the move/trend. I think sideways is more appropriate for the time being as some of the points you made in your initial post (good points) have already been discounted by smart money. If we do go higher it probably will not be as swift as the past couple of months.
