Aphie, In response to your question whose going to short, if the market opens down I will be shorting till the trend changes. The most dangerous words in this business are it can't go any lower.
I totally agree! Although a retrace is long overdue. We need a little spike up -- it would be unhealthy for the market to continue a fast decline. I agree we should always follow the trend, but I will be ready to follow it up!
Aphie....usually I just skip over your posts since you don't really trade. So this question is in all sincerity....... Are you serious?
Yes, I am dead serious. There has been way too much selling these past few trading days. The tides are going to turn. I'm not suggesting anyone just open long, but be prepared for an upturn during the day. You know the axiom, "let your profits ride?" Well, if you are long on an upsloping MA tomorrow, don't be afraid to let it ride a bit. This is going to be a great day either way. This market is so volatile it is amazing. Ps: I have traded -- please quit the bashing. Let's all be gentleman. I may be ecentric, but I'm honest and I know how to get people talking. Let's all get along and make some $$$ either way tomorrow. I want you all to be successful!