I am pretty firmly in your camp right now. I am not seeing much to be bullish about in the short term and want to wait and see for the intermediate term. I'm not too comfortable with sentiment indicators and am relying on SR and trendlines to tell me when to lean hard one way or another. Posting here to be told I'm an idiot when I'm wrong so I don't get my head cut off in the acct.
lordy knows this market is in no hurry to run up and away from those searhing for a buyable bottom. im going on three weeks in waiting for the elusive bottom where my chit all lines up. nowhere in sight now as i got a sell window last night on my daily stuff. strange market indeed.
Market Warning: Danger: On that little BS rally, I got frothy short term sentiment measures. This confirms my view even more in my mind. This is now a precarious situation for longs.
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