Not Playing For A Bounce Yet

While there will surely be bounces I believe that the trend is now lower. I am not going to play for a bounce here, even though I love playing counter trend moves. Counter trend moves are the sharpest moves and one can make money very quickly. It seems too early time wise in the decline to play for a high probability bounce. As I mentioned in my opener, momentum seems to carry moves much further these days so I will give moves more room.

I never had a chance to get as short as I would have liked to. Had I been very short I would be picking away at the position now.

1 comment:

Applesaucer said...

I'm tempted to short the long bond here.