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Strategies & Market Trends : John Pitera's Market Laboratory
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To: The Ox who wrote (20085)10/5/2017 4:04:39 PM
From: Don Green2 Recommendations

Recommended By
sixty2nds
The Ox

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I think this market is now driven by Short Covering by those who think they can call the top. The higher it goes, the more the condescending the bears become. Of course, it has to end but why not enjoy the ride. Sadly I got out of XIV on Friday at 97.90. Now waiting for another spike lower to get in again. Either long or short, not sure yet.

There is one floor-trader on CNBC, who is interviewed once a week near the close who has been grumbling on the sidelines waiting for a substantial downturn since before the election. How he still has a job is a amazing.

Don
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