if you are so sure about the inevitable crash (i see markets move in boom bust cycles; but i don't try to fight it or think about the rationale of "why" trends persist)...do you have a very serious plan on what you will do when (or before) we really crash?
Have an order to sell out of this long at 58.75 ....if we get there. I honestly "thought" we would go down last week because after op ex market is often weak. I was forced into long simply because of my over all neg deltas. Shoot...we could just slowly grind out high after high! I decided to look at the monthly and we haven't had a meaningful RED month 2011!!!. perhaps Nov may give some pull back but I'm not counting on it as traditionally Nov-Dec are pretty good months. Short term its still a two sided market so possible to go both ways but until I can see any meaningful change in the trend I'm going to try and scalp to the upside. sorry for the edits...need a bit more coffee to read my own dam charts
My plan is to trade what i see and not what I think and to not let the media influence my positions (a mix of both long and short). I have been buying gold and silver over the last 3 months and I remain debt free with a job intact (at least for now). Nobody truly knows what will happen and we r all entitled to our opinion. I am simply stating what I believe along with some bits and pieces found on the internet. I know u have been trading long enough to trade through the cycles and know that predictibg them are next to impossible.