I am 100% short despite the slight breakthrough above the 11,782 level. I'll have to see a stronger move above to exit this position as there are too many indicators flashing bright red warning signals.
--Fred
Monday, January 17, 2011
Wednesday, January 12, 2011
The Top or Just a Stop?
The time is here to tell whether or not the DJIA will hold at 11,782 or take off for higher levels.
I added to my short position - SDS - today and will add more if the market falls from here and will sell half if the stock market looks like it's going to close higher tomorrow. I'll also be looking to take a position in VXX if the fall looks to be at all violent.
The extreme bullish sentiment and possibility that we may close above 11,782 and then turn south will keep me from taking a long position.
The market knows....
--Fred
I added to my short position - SDS - today and will add more if the market falls from here and will sell half if the stock market looks like it's going to close higher tomorrow. I'll also be looking to take a position in VXX if the fall looks to be at all violent.
The extreme bullish sentiment and possibility that we may close above 11,782 and then turn south will keep me from taking a long position.
The market knows....
--Fred
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