maybe a short, page-19

I guess we're not in the business of picking tops or bottoms, we're in the business of identifying a trend (on any relevant time frame) and joining it for a time. Tempting tho it might be from time to time to trade ahead of an expected direction change, thats definitely a losers game.

Trading in this way doesn't mean that we can't or shouldn't speculate about possible trend changes, be alert to the possibilities of trend change and have plans in place for that possibility. So, tempting tho it is to short the spi at the moment because it really is overextended statistically, there's very little evidence if any of a short term trend change so I'll watch and wait.