I stated on Friday, I plan for all outcomes.
I hedged, as I stated, to wait for a continuation of the down turn.
Fundamentally, I think the market is overbought, however
looking at neural net forecasts now, it looks we will get a near term downtrend, and then up to stay in the same range for awhile.
I think the game will be for awhile of up and down.
In other words, there will be no trend.
This will really hammer market direction forecasters.
If you read my post, many on SI, I state that the trick is
not in market forecasting, but position sizing.
I think the neural nets are helpful though, in thinking through possible game plans.
Many will continue to bash neural nets, and they will continue
to attempt pure market forecasting, and bash each other if things go wrong.