Hi Bill; Well generally like Barbara said, it not safe to be
leveraged or short over a weekend, not safe long but not as
bad as often. To many things can change to fast, I may regret
not closing spy today, but will give it a chance to retract,
but the bulls are on the edge of the woods now and doggone
if I would want to be short over the weekend. Man last Friday
said down too, and some fool said he was going to stay short,
I covered and ran, it got clobbered monday..really clobbered.
This is my second try this week, the bears are full of it man,
even since DEC5th..I'v made more on the long side than the
short side, I think that has to do with the slope of
the short side, and the way it turns up is more sharp,
you can't catch as much of it, like she hit's and bounces in a less time frame than when she tops and falls. That is with the SPY anyway.
It's like you have more time to get out at the top, than
to close at the bottom. Heck I closed Friday not because I thought
she was at bottom, but because of the week end.
Maybe some weeks ago it may have been OK but for the time being
this market has broke her downtrend, her lows are steady getting
higher, my shorts are getting their butts eat. Go short on a Friday
if you wish, not me not even if all the signs say kahuna is here,
I'l miss it if it's on a Friday.
Jim
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