Dear Sirs,
I’d like to remind you that the Stocklabs mean reversion algorithms won again. You should also remember that before SL it was Exodus and before Exodus it was The PPT, all having the same mean reversion algorithm that has produced a rich and storied history of success in these halls.
Like all religions, it takes a little bit of faith to really believe in it and once you’ve seen miracle after miracle you grow accustomed to the trappings of unparalleled success and begin to condescend, and look down if you will, on those who are on the outside peering in.
The chart for the $IWM is wholly retarded and I don’t make any sense of it, other than to suggest $215 seems like an ideal place to hedge a little, take profits.
I made +206bps for the session, now within 2% of RECOURD highs.
Good day.
