Considering his manner; I don't think that was his reasoning....
As far as sheff goes; he seems to have a following, and I would assume for good reasoning....however I would say he shows weakness in the sense that his tipping point for selling was he has been getting hammered lately....in this case that doesn't demonstrate much insight or that he is mentally ticking on all cylinders....
Just saying.....
Trust me; I have many days where I lose a bit of control.....fewer and fewer though as time goes
SOME of the best things somebody told me here: Timing the market is what separates those who make money and enjoy it (life all around) vs those that don't How quickly one is honest with themselves and overcomes their weaknesses will be the measure of success