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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk -- Ignore unavailable to you. Want to Upgrade?

To: Z-M-L who wrote (65857)	8/18/2011 7:23:33 PM
From: Turtles_win	Read Replies (1) \| Respond to of 207466

Your technical work might play out, one of your scenarios. I wonder how that maps into the sentiment. The Barrons cover last weekend is basically death to the bullish case. I re-entered the markets last Friday and figured even with the barrons cover, maybe I'd be right short term, that the markets would rally. I guess that was true for one day, Monday. The Investor's Intelligence survey numbers are no where near a major buy point. So those are two intermediate term sentiment indicators that say the markets could go a lot lower. Then I go see some indications that individuals are re-entering the markets. Some fund managers are saying they are seeing individuals using this market weakness as a buying op. Well, guess what, that is not what happens anywhere NEAR a bottom. Don't get me wrong. I want to believe the bullish case. I am long the R2K with my serious money. And I have a 6% total portfolio loss in one day. That has not happened even once before. However, this board is not about me getting out a kleenex and asking for sympathy. Tough weinees. However, I, like others, have to figure out what to do going forward. I see the possibility of a very large loss right in here, based on sentiment. If the market is going to establish a sentiment bottom, with bulls tossing in the towel, that is going to take a lot of downward price action, apparently. Personally, I am reaping the downside of the way I trade. 100% in, 100% out. Maybe I've merely been overly lucky up until now.