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Wednesday, August 5, 2009
Gut Feeling
For the first time in several weeks, i feel nervous being long here. That doesn't mean that the market cannot go higher but today and yesterday, i saw many hints that the bull run needs a little rest and perhaps all the excitement surrounding high and fast momentum trading will be what kick starts a much needed injection of fear and selling back into the market. Again, that doesn't mean we will selloff here, not at all but a little period of weakness just to stir the bull's pot a little bit to shake off the excesses.
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3 comments:
What do you make of the decreasing volume on the SPY as outlined in these two articles? After reading these it really makes me wonder why we are as high as we are. It is what it is. but, it's a head scratcher. Thanks
http://www.zerohedge.com/article/ramping-market-disappearing-volume-volume-price-correlation-81
http://www.stocktiming.com/Tuesday-DailyMarketUpdate.htm
i know it's a head scratcher BUT it doesn't mean it's time to short.
Yes, it is what it is.
I think a leveraged short position could be painful. A non-leveraged short might eventually work out, but why do it if the capital can be used to ride the rally...
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