Thrift Savings Plan

[coolhand]

Last time, I said that Momentum had tipped and crossed over, confirming a Sell and that the earliest signs of a nascent sell off were/are present and the set-up for a decline was manifest. Essentially all the sentiment was Bearish and the message board FL/FS was on a very strong Sell from Thursday. I advised that the market could hold together, but if and when it sold off, it could get ugly due to no natural Buyers. Well, this morning, we have ZERO short Bears. We've never seen that. There are also a lot of partially long Bulls and they love to shake them loose. I'm looking lower and I doubt that there will be any easy entries for the Bears. By the time they bounce it, it'll be time to buy again, I suspect. I'd say that speculators can position short anywhere in here with a wide stop. The current sentiment is nuts but chances are, while this is likely a marker for something important, the real top will be weeks away. We actually need more Bears to get a good decline going.