HI KB, I must say that this past year I was frozen for most of the year. Frozen with fear that is.... I guess it finally struck me that I am getting older and I will be retiring in a few years as well. Now the money seems more real. It is all looking much more risky and much scarier than before. So it is much harder to transact. I like to use chart analysis PLUS seasonality. I think this is working best for me now. Years ago, the Millionaires thread had a seasonality chart developed by a MSTRZERG that I analyzed for a time and I also have noticed that SWAVET has talked about using a derivative of it. I have been studying it this past year and I really like to use it in conjunction with chart analysis; though I do not rely on it completely. It seems to give very good returns.
In retirement, it would be very hard to be aggressive... at least for me. But really, I do not see much option. So I am trying to harden myself up and trying to get my strategy to be more in line with what the charts are saying as opposed to what "I think" will happen. I almost did not exit today. But I just kept looking at charts and while they look good, they are extended a bit. I do think it is time for a short pull back...might be very slight. I know one thing... I definitely want to be in for the earnings season. I am thinking it is going to be KILLER GREAT!!! Everyone I know was out buying throughout November and December. So I am thinking the numbers and market will follow, although it could be the market already knows that.
Short term exit only... it is better to be in than out. ON the next small dip, I am back in.
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