I do not fight the trend but I give stocks room to move. In saying that the new downtrend that appears to be starting is now running into the “everyone is a bear” situation. That means this rally can continue for longer than you can stay solvent and that means that it could also turn into another low-volume bull market. Therefore, if you are now showing losses on some shorts and you have not covered some by now, you definitely should! If this is a new bear this backing and filling will lead to some nice shorts. This rally is showing you exactly why I was going long my chart signals and not shorting the whole market based on my opinions that the new downtrend was starting. The charts were not right and were extended. We have time, if this is a new bear. The market does not move up and down in a straight line. Experience knows this, inexperience does not.
new short positions: none
none
