Hope everyone have a peaceful holiday weekend.
I am doing some reading and see alot of people are full blown SHORT right here but one thing I will point out is that although we know that we are still in a bear market the market can remain irrational for a long period and kill you.
I rather wait till we get the signals that we can go full short and then execute, believe me missing a week wont kill you. The market wont drop from 10500 to 5000 in a week! there will be enough time to get on board. Just right here and now we are in chop mode and it is dangerous to pick a real medium term swing position without clarity.
MARKETJEDI
Wednesday, November 25, 2009
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