AA:
I have always appreciated your insights and timely posts in calling market turns and trends. What I have noticed in the last few weeks, and this is by no means a criticism, is some thinking processes of others and mine developing as the market evolves. The other day, one of your posts describes the fear and greed of bears and bulls so well, I think it is one of the most intelligent post that I have ever read.
You made a good call from late July to not short non-tech. You are certainly smarter than I am since I was too anxious to hit all the trashes, I was not fortunate enough to protect all my winnings. However, as you believed that there would be another tech low coming, you maintained some tech short exposures one way or the other. You did not go long, which you admitted it was a trading mistake. I hedged some myself but not enough. I hope that I learned my lessons (apparently not, it seems).
Now that the market seems to be turning, and I know your view of a potentially whipsaw action (Option 3), you are closing some of your shorts already. What is really interesting is that you are willing to go wiggle long, as you said in this post that I am replying to. This, to me, is reflective of some aspects of the so-called fear and greed that you expressed in the intelligent post that I mentioned above.
Again, I am not questioning your view, but just offering an observation form someone reading your posts through the last few weeks.
Cheers. Good Trading. |
