A diary of the thought process behind my investment decisions
The Weak Rally Continues
I believe the current rally is weak because we never had a proper washout. This morning's gap up opening is tempting me take a stab from the short side. However, the market is still very oversold so I will likely just wait. As Warren Buffet says, "there are no called strikes in the stock market". I will wait for this rally to further exhaust itself before getting short or for a proper washout before getting long.