>>If you notice, I have been doing more trades on the long side the past two days.<<
I noticed and it has been puzzling to me. Like you, I was trading that last rally as though it should be about time for it to end. The market continued to go up with very little hestitation. I was trading against the trend as I believe you were. Now, the trend is showing signs of a change and bad news is being treated like "bad news" again. Gold, the treasuries and the Fed draining are sending positive signals to the bears. Also, I am reluctant to carry much home long as I believe that the overnight risk/reward greatly favors the bears in today's world. With my holdings in IRA's and other accounts I don't trade, I almost have to be short to be hedged.
Why don't you think that this downward fall may have further to go than what most would expect as the trip up did? Is it mostly market timing? I admire your trading and Zeev and yourself prove that money can be made going both ways..even on the same stock. Just curious as to why the temporary bullishness. The "due for a bounce" is the same as a "due for a fall" that we never got the past several weeks.
Respectfully, Joe
