Of course it's not gambling - one only has to read the XJO thread to get the drift.
I follow it so on Monday 8th I shorted the Dow which was down 634.
After reading the XJO thread I could see it would rebound so I went long Tuesday - up 429.
The good folk on the XJO thread said it was some dead animal's bounce so I shorted Wednesday for a 519 fall.
That was apparantly easily shown through TA to be an "over sold pattern" so I went long Thursday for a 423 gain.
I didn't bother Friday - retired.
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