QUOTE(FeedFool @ Nov 2 2006, 09:58 AM)
Idea is to pick one winner for next 12 months to maximise profit, so it’s only me and Meta,
Maybe everyone is a day trader and have no clue where market is heading.
Yep, always challenging but that is one of the most important exercises to do at the end of the year. I was really confident about the chemical and food sectors for last year, but they took off this year.....the watch lists are important.
Interestingly, if none can be identified, u can always swing the NDX, for example. This year, it was basically 3 trades ...long, short, long (and maybe short again, if some of the key indicators rollover) and about 1000 unleveraged points. Not too bad.
Gold has broken out and is now on a full buy, so that cycle must be respected, too. Many other possibilities.