Why did I have little doubt that you would post something to that regard : )
Heck- thats a big cash position even for you when your bearish.. Cmon man!!!
Well.. I didnt go long, but Im reducing my short exposure and that will stay on the sidelines.. Usually I just let them stop out regardless of where the indices are going but this go around Im really just watching the nasdaq and its fixation on getting back over 2100. Im afraid that if I play it too close, the move over 2100 is going to happen in one powerfull thrust and I dont want to be caught up in that squeeze. Hopefully it doesnt happen tomorrow AM because I still have some shorts JUUUSTT in case we start slipping.
I think the DELL report is going to be the final push the market needs to move over 2100. Heck- thats only 25 points away and I honestly wouldnt be surprised to see it happen before the DELL report in anticipation.
Hey- I still want the turnips to be right but if you put yourself in a shorters position youll see why alot of us feel the writing is on the wall for the next powerfull move up. They cant take the market down- simple as that : )