April 25, 2007-Avoiding the Party

Here I am: I rented my tux for the prom, and I miss my ride to get there.

I was predicting that the S&P futures were going to hit 1500, so why did I not participate?

We had a S3 and recent history has shown that with the S3 there several days of weakness afterwards. I failed to see that with the S3, a breakout rally is possible if the highs are broken.

Psychologically, I am leery of trading here because of the heights. But do I trust my system or not?

I have to look into options trading again. If I was short a put or long a call, at least I wouldn't have the regret that I have now.