Honest question. What makes you short the market here and hold with an open-ended STOP ? What are you seeing ?
Rydex funds haven't worked as a sentiment indicator since they became open ended funds...maybe 15 years ago (?).
Besides, it's always been a rear view mirror indicator anyway...what you want to know is what's on the road ahead.
Nobody knows what lies ahead. There are just odds.
Pertinent odds can only given based on substantive technical data that's available to generate such expectations.
Those who work hard in trying to understand the physics in what drives the internal forces of markets will then enjoy successful trading executions on a consistent basis.
What people do AFTER the fact does not provide this kind of insight nor does it help in the timing of when one should pull the trigger.
My call is in the money, 30 points.
What's yours? I missed it..
Congratulations...watch your condescension before the market bites you on your back side.