A diary of the thought process behind my investment decisions
The Market Puzzle
Last night we closed just above a bunch of support levels. Breaking them this morning would have led to a really good shakeout and I was looking forward to buying into such a shakeout. So what does the market do? Gap up. I will not consider getting short at this point because we are very oversold and the cost of being wrong is high. The market does not like to make it easy.