We all have to trade on something-g.
Sure, those short interest numbers are troublesome, but they are also in arrears...some could have covered in last many days..
Conservatively, though, any bear should be a bit wary..
Last COT report should have also put a scare in short-term bears...again, though, is an "in arrears" report..
Without question, shorting here is trying to catch a top...works for some, not for others...
How often do all indicators line-up anyway? At almost any point, can't one always find something that can indicate more short-term up or down? (the key being..which indicators to focus on?)
I think is also hard to dismiss argument that this move, even if bullish, needs a rest (low volume, lack of new highs, p/cs, etc..etc.). I went short mostly because I thought bull and bear case argued for it soon..
I'll take sooner over later-g. I'm obviously early on this one (1377 Naz basis), but checking the boards, I find more than one poster I respect in the hole.. |
