The Winner and Profitable Trader (is the one that NOT short here). All the amateur & "elitetrader" are short
Pretty darn close Sir Gibbous! You forgot the 2nd part where I said I would be biting longs up to 75-85. Nothing is perfect, just a range. I was stopped on trailing at 1222, and went long not too long after with an average of 23 and scaled out most around 75-85. I'll be sure to get biggest implants I can for you with the money I made.
Winner? Emulating Charlie Sheen? Sissss, "All" is a strong word (and one helluva laundry detergent). Based upon both the percentage of stocks above their 20 day SMA and an oscillator of net NYSE 52 week highs, thee.......eh........market is the most over-bought in a half decade. Doesn't mean it's going down. Particularly given the season. Does mean the upside is limited. Can say churn? Sure you can.
The pull back will happen in the near future, but the magnitude may NOT be as big as the short sellers expected (and definitely cannot make back the loss they incurred during the last few weeks). All the pull back will be meet by the strong buyers in this insane market. Remember: "Markets can remain irrational longer than you can remain solvent."