Forgot to thank you for the advice to hedge if I’m nervous, with longs (VZ, T, XOM), I’ll consider doing that, and thanks again!

Thanks for the response buddy, and yes, I’ve been 100% short for the past 4 months straight. I scaled into positions throughout October, November, December, and January, and hold all bear etf’s, some single, double, and triple leveraged. I’m up approximately 18% at the moment, and feeling pretty positive, but would really like to see another 10% profit or more before I start taking some off the table. I know that may sound greedy, but to be down for so long really sucked, and I want to make up for that by making some really good profit. Just a bit nervous that this correction may reverse before I see another 10% profit.

In any case, thanks for the tip on the 1085 level on the S&P, and I’ll look to take some profit off the table if we see that level soon.

Thanks again for all the help my friend!

Thanks buddy. Yeah, I was just starting to feel like a broken record and a jackass admitting I was 100% short week after week and being wrong. So I just took a break from this board to enjoy the misery alone

I’m feeling pretty optimistic now, and hoping/believing in a bunch more downside to come for this market.

Hope all is going well with you too.

Thanks

I’ve traded this trend before you entered the market, it’s not hard to trade.

All you need is identify a few highest probability topping dates within a nine month window and short the heck out of the market a few days before that and cover at the seasonal low turn dates.

I enjoy this trend, because I can see myself making lots of profit very quickly.

Frame a photo of DOW 10729.89, and admire it for the rest of 2010.