like dislike ratio 100:1 https://www.dailyfx.com/sentiment 9:1 long short here. Is there a trade as sure as this? you may see once every few years. the dumb money is so crowded on one side, this trade can't possibly go wrong.
You know and I know that bear market rallies can be huge, even in the general stock market...remember the huge spike ups in 2008 during the crash? Anyway, I basically agree with you, but should there be a catalyst to make the hedge funds cover their large short positions, it won't matter what the retail guys are doing at that point. How long before that "catalyst" shows up though...is the uncertainty. I want to be ready for that opportunity when it comes.
I got in GC Dec '18 at 1173.10 last night. Flipped it out at 1184.20 this morning. Had I gotten up at 4:30am PST(ouch) then I could have flipped it out at 1188.60. Anyhow, still a good trade.
I went in the lows of last night and flip out again. I still have one lot on. I think this is the beginning of a bottoming process for the short to intermediate team. I don't know if it's the bottom. If it comes back down then I will get out. So far, it seems to be holding and slightly up...