What IF 2004 looked like 1976... I am not saying that it will but still after such a nice trending 2003, one can expect a little "rinse job" from the market. So when I look back at 1976, I wonder what would be the best system to trade such market... Take a look at the attachment, it is the Dow in 1976. It is obviously not good for position trading, not good for swing trading... My guess is that if I traded back in 1976 with the same skills and experience I have now, I would have probably made some good money in January but would have lost everything by the end of the year. May be it would have been wise (in hindsight, he-he to use some chaos trading system or just stay away from the market (for a year!) until it showed some strength and direction. Once again the purpose of this thread is not to discuss whether 2004 will look like 1976, but what would an experienced trader do if he expects such turbulent and chaotic market.