Long Weekend

I went long yesterday when Nifty crossed 5300...only 50% of my max exposure allowed. This was my concession towards the increased volatility in the markets. Who knows what the politicians will say next? Currently the markets are only reacting to statements and as we all know statements are cheap and can come from all and sundry.

Given this, I am left with only one defense. One is to reduce the exposure and the second is to become even more of a mindless robot than I already am. Best to stop thinking about the current mess and just follow my system. So I will cut my long positions and go short if nifty trades below 5227. That is it as for as my market views are concerned.

No other points to make today. This market has sapped me of my energy and I need to refresh myself. Maybe the way to do it is to cut out TV totally from my daily diet. No newspapers too. All you get to hear or read is negative news. Just spend the entire evening today watching some nice movie. That should set me up nicely for the coming long weekend.