A diary of the thought process behind my investment decisions
Don't Fight It
The market is oversold, momentum has shifted in the bulls favor, sentiment is negative and we are approaching the turn of the month. Could the market retest yesterday's breakout? Could new problems emerge in Europe over the weekend? Sure, but the odds are in the bulls favor. Once the market is overbought and everybody is talking about liquidity, recovery and puppy dogs it will be the time to go short again. For now, bears should just stand aside.