Since that is now the consensus, and everyone is now range-trading and shorting, those methods will now stop working
well, first of all, "everyone" doesn't do these things. i bet 99% of the posts on this thread are from longs, for example. in my own case, most of my portfolio is LTBH, although i buy value stocks and dividend payers like REITs. i have a certain percentage of shorts that help reduce portfolio volatility.
secondly, while countertrend rallies will continue to happen, many stocks, especially certain tech stocks, are still hideously overvalued, and are now being exposed for the pathetic Ponzi schemes they are. so i still think the long-term direction is DOWN.
btw, reshorted SMH again. |
