Market Rebounds

Yup. Still funny.

I'm not sure what direction the market will take tomorrow. Word in the jungle is that we are in the middle of one of those 'A-B-C up' moves and an extra little rate cut will propel this market. Other say this short term move to the upside is a sucker's bet.

The good news is that it won't matter. The expected direction of the market is telegraphed loud and clear by the Cheetum Method. I have been testing the QLD and the QID mid-stream recently but will not go 'all in' until the next direction is signalled. Tune in to Monkey Throw Dart and you can join in the fun. If the results from the previous post are any indication, staying patient will pay off. The hardest part of following this method is staying put...especially for day and swing traders who, like me, enjoy the action. But annualized gains such as those from yesterday's post trump the little day trading rush every time.