waking up from my nap i see last nights decision to diversify from ndx and semi longs is costing me big time and continues what is now a 2 week and 2 day exercise in frustration.
the russel finally decided to selloff ( i covered 30% of posiiton last night) for minor profits. i also exchanged a bunch of my ndx longs for sector longs. they are all underperforming the ndx today. so its a perfect (ly) rotten day once again.
arghhhhh!
the only postitive is the semi longs are doing quite well.
It is possible we could get a second signal on the hourly today.We will see.
In a bull mode I will only short when I get a "go short "signal and we are overbought at least 2 days on the daily.(In a bull mode -go long or neutral, rarely short)
If I was in a bear mode,I would take the signal. (In a bear mode -go short or neutral, rarely long) Regards
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