Zeev's Turnips Patch-No Politics (ZEEV)

[ogm]

Agree. I think this weekend all market players are scratching their heads trying to figure out what to do next. And everyone is as confused as the next guy.

I have actually covered practicaly all my short positions last week, and started building longs for a bounce. And even thought about the reasons why there may be a rally. And as much as I want to beleive in it, I'm now coming to a conclusion that I don't.

Market will do what will surprize the most participants. And I think at this point non stop selling will probably surprize most.

I think the best way to position in this environment is to have a light, balanced portfolio with both shorts and longs, and lotsa lotsa cash. Untill there will be a definite extreme one way or another.

Weekly/monthly charts are looking scary. I think I covered my shorts waaaay too early. But I've learned the hard way not to sell short in the middle of a strong decline.