InvestBaboo

Starting to Position for Correction

Before you give TraderMark credit you should go look at his past posts and see how many times he has had his behind burned due to his shorting activities. If he did what the charts told him to do he would be long all this time and make a ton of money. The trend is your friend till the bend at the end and there ain't no bend to see at the present! Any bend you see is the one you imagine when you let emotions mess with what should otherwise be a very rational and analytical reading.

I could also let my emotions run wild and make extremely bullish projections or bearish projections depending on how I am feeling at a given time. If I stick to purely charts and metrics I gotta say we are looking at continuing rally next week. All the short positions TraderMark is currently carrying will likely burn him next week.