I am basing my decisions on a 7 day run down from here, into mid December, followed by a pounding rally to end the year and secure bonuses for da poor Boyz of HBB.
I'm net short into tomorrow and will get more short on weakness. Not for long though, as I see the end of the year as you do. Just enough to scare them here and as soon as the bears come out of their caves, they'll rip it higher into January. Sound familiar?
but first, the obligatory rally to higher highs based on nothing.
I, too, am of the bearish proclivity. way too much bullishness out there not to get spanked, and the charts show a lot of negative divergences with this pop this morning.
Nice... Down we go.
ReplyDeleteEveryone in the world is bullish except you and me, and I am not too sure about you....hehe, thanks for stopping in
ReplyDeleteI'm net short into tomorrow and will get more short on weakness. Not for long though, as I see the end of the year as you do. Just enough to scare them here and as soon as the bears come out of their caves, they'll rip it higher into January. Sound familiar?
ReplyDeleteI'd say we're on the same page. :)
Nice Diamond Top on the ES hourly...
ReplyDeletehttp://www.screencast.com/users/patternprofits/folders/Jing/media/dae65124-7734-4acb-a1d9-999b1d9101b1
Like it, remaining short for up to 7 trade days, probably will take any profits and run pretty quickly though.
ReplyDeletebut first, the obligatory rally to higher highs based on nothing.
ReplyDeleteI, too, am of the bearish proclivity. way too much bullishness out there not to get spanked, and the charts show a lot of negative divergences with this pop this morning.
bon appetit!