Thursday, December 2, 2010

Shorting time...

Current market status: Uncertain
Today's Signal: Sell/Short
Previous Trade: Sell/Short (triggered 12/1)

Hard to short the market when it has so much upward momentum.  But I took a healthy short position at the close.  Today's sell signal makes 2 in a row, and like I stated yesterday, that may be my plan for 2011.  Sell longs on the first sell signal, then go short on the 2nd.  Regarding the health of the market, I have conflicting indicators.  This is a rare occurrence and should be resolved in the next few days, but for now I just labeled it as 'uncertain'.  Cheers.

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