CPST-- (PS ur talking to yourself a lot lately?) dangerous sign, IMHO.....
- Looks like 2010/2011 all over again with CPST-- another run to $2.+?-- but......
I do believe I have the nature of trade correct, whether short outright or in terms of net market exposure. And just like 2011, once this position gets fully flushed, there will be a violent reversal. However from a technical perspective, unlike 2011 where the market was recognizing long-term pivots now that we are at new highs, there is no such reference. This makes identifying a spot for a final flush and subsequent turn much trickier. For my money, the best technical tools at your disposal are regression and momentum, and by these measures, the market has extended into a zone where at a minimum a reversion to the mean should be expected.
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