A concerned reader writes, “You must be getting absolutely crushed.
The market dictates to you what happens…not the other way around. It IS overbought–but you don’t fight it.”
True words of wisdom. And I DO appreciate your concern.
We all get our chance at being wrong. The market is an equal opportunity punisher. The bulls lost their shirts in 2000 to 2002, and now the bears are having quite a challenging time.
But please don’t worry about me. I use pretty tight stops, you see, so I get out at a small loss when I am wrong. True that the small losses add up when I am wrong day after day. But one fine day, in the not too distant future, I expect to very quickly make back those small losses—and more.
Clearly, the rally has lost momentum here. I am short again, and I expect a big pay day next week.
