April 17, 2007 - Buy the Dip

After yesterday's breakout rally, we have a S4. We are clearly in a BULLISH regime, and we are likely to remain so for a while. We are transitioning from skepticism to embrace.

Based on recent patterns, I played the rally using the BUY THE DIPS strategy. With RSI so high, I didn't expect a lot of upside. I was lucky having been filled on two of my three bids at 1472.50 and 1471.50. The low overnight was 1471.

CPI came out and I had an instant profit of 5 pts per lot.

NAV: $1,015,738

We are squarely on target this month.