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Tuesday, September 20, 2011

Tuesday, 9/20/11 update

I like mechanical trading approaches because they take the emotions out of the equation, but there are times when good old judgement and experience are dictated.
The 10 minute SPX/Vindicator system has been a solid winner the last month, but yesterday's action was not crystal clear, the Vindicator Buy/Sell is doing a lot of flip-flops, so the long ES from late yesterday PM was liquidated this morning for a small loss (long ES @ 1201, out @ 1200) and went to cash. My sense is that we are more likely to sell off here than rally, but it's not all that certain.
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