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Re: ~ NT ~ post# 2919

Friday, 11/22/2013 8:04:42 AM

Friday, November 22, 2013 8:04:42 AM

Post# of 3274
I agree the market is in for a dip, but as you suggest, it should run a bit higher first. I think the dip will begin with a huge sell off day; problem is, no one knows when this day will be. Until then, I will just keep trading as though we are in a bull market. Once the reversal hits, there will be a lot of short play potentials - makes no difference to me which way things are moving. When the markets are trending up, I hunt for gap ups. When they are trending down, I hunt for gap downs. I play the OTC the same way as promo tickers are largely immune from the overall market - volume and percentage movements suffer, but they still go up (before they crash anyway).

If you want to short the market, take a look at TZA. I play TZA and TNA every week if they don't move with the SPY as they should. Small caps obviously will suffer the most when the market turns.

Whoever loves money never has money enough; whoever loves wealth is never satisfied with his income. I have seen all the things that are done under the sun; all of them are meaningless, a chasing after the wind. Only trade for the sake of trading.

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