A diary of the thought process behind my investment decisions
sold my TM.
Tsachy, with the way the tape is printing I'm not seeing one final capitulation sell off. Seems like maybe everyone was expecting more weakness? What do you think -- do we power higher rest of day?
I don't have a strong feeling on the remainder of the day but I see no reason to believe that we will have a large reversal.With the market so oversold I am not looking to go short. At the same time because I believe we are headed lower in the intermediate term I am not looking to get aggressive on longs.If we did have a nice scare early in the week(today, tomorrow) I would likely do some buying to take advantage of the oversold condition.
As an aside, I was hoping for a final sell off so I can go long. Not betting on one. Big difference.
Long Mammaries (MMMM) at the market
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