Kevin, all I know for sure, looking back, is that I shorted 3-4 of indexes on 31 August, and posted such on Jim's 13 thread. So my index t/a was working swell at that time.
It is still working, I just don't trust it as much in this environment, if you know what I mean..
More than a few people, who could not get it in their heads that the market wasn't coming back for awhile, have been wiped out, and many others have lost north of 1/2 of their capital, so the retail trader is shaky, trying to beat margin calls, and the street needs these players to buy their crap, so where will the buyers come from? Mutual funds? Maybe, maybe not, overseas investors? Maybe, maybe not, from what I have seen, they are leaving, fast...
As for today, the dow or naz could dump 100 points from here on any negative news. The operative words are "keep your powder dry"
So, for me, stay short the indexes, watch them close, and buying some of the rats is all I am doing...and I am not doing heavy buying at all, just adding a bit. |
