While it is true that once you have a stance it’s easy to find a million reasons to support it (much more than the 30 Christian supplied). That’s one of the reasons I am a huge proponent of following a system to take out trying to figure what the market is going to do. Right now it says stay short, and I did reopen a short position yesterday. Continue to use the rallies to open shorts on the indexes. It may be too late to short individual stocks, because snapback rallies can be tough to swallow.

I got in late tonight and will be busy watching our 14 yr old try out for provincial level basketball tomorrow, just as I did most of the night. Hopefully at lunch tomorrow I can find wifi and pour over some charts.

 

Leave a Reply

You must be logged in to post a comment.