If I have learned one thing, it is to have a plan and stick to it, unles facts no longer support the premise.
I have watched markets for so long, can feel when it wants to keep going up, and this market wants to keep going up.
However, 3% corrections happen every couple months, no matter what, and eventualy even 5 to 8% corrections happen.
Bottom line: For now, the trend is up, but bumping up against some pretty significant resistance. However, no rally ends without a 3 to 7% correction and another rally to try to make new highs. This market has not made the first top, so shorting hoping for a big gain does not make sense yet.
