Replies to post #16618 on Short Term Trading Member Forum

[golfin]

That's where we differ Blackbelt. I don't try to rationalize or fool myself. To me, at that time, I WAS convinced it was going down, and down hard. When I was proven wrong, stops prevented a melt-down. I am right more than I am wrong which is all that is needed to be a successful trader. If I remember correctly, everyone here was long (or bullish)from 10750 down to 10150 while I was full short. I have no position in the general indices, but seasonal patterns and the chart itself suggest one move higher above 11000, I'll be looking to enter a position there for a mult-year short.

[DowDeva]

Terrific post. All shorts now hedged with longs. Still see possibility of short term mini downtrend by end of January.~Deva