what I'm saying is if the fed will stop the taper, then the market will continue up. So no, don't short when overbought, take profits on longs, then load up when oversold. Much easier and has worked flawlessly since the fed started QE.
Even if the fed doesn't stop the taper, it certainly will if the market takes a 15% correction. I don't see a repeat of 2000 just yet.
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