I am waiting for the big technical rally to 880 so I can get short. Then, I will wait another week, cover the short, and go long. Please reference this thread, the author really knows his stuff. http://www.elitetrader.com/vb/showthread.php?s=&threadid=14589
at the end of that thread I admit I was wrong, and you can see from th poll answers that I now consider myself a good contrary indicator. I dont know why the 1st thread ended up in chit chat, it was purely trading. But look at the thread, and you'll see my "wrong call" acknowledgement.
Nahhh, not until lundy comes back and says "I was wrong guys, the market's going to zero." Then everybody hogpile in and buy.