Year end summary: Finished with 195.25 points with about 75 trades. That is 13.7% by trading plus the built in 4 % from the CD, thus 17.7% profit compared to the S&P's 3.5% return. Evaluation: not bad, although I didn't exactly follow the original strategy which is being long most of the time and I also traded too often. By August I got bored with the journal and since I was up already 10% I didn't care to be in position, thus missed a big runup. I think there were about 6-8 weeks when I wasn't in position at all. Anyway, the original idea is tested and in a Mythbuster way, I have to declare that it is possible to outperform the market in a very simple way with a few trades and using only one trading vehicle. For a small fund, that is all what they need. I might continue the journal in 2008, but this time I would like to make less trades (about 25) and catch bigger moves....