The great thing about this site is not only is it educational but you really get some great entertainment drama. It is obvious that we have 2 great traders, one has a very Bullish case (sentiment) the other Bearish (sentiment). Who to believe ? Truth is you should be bullish and bearish but cautious, very cautious in whichever way you trade. Especially with VIX - Volatility so high. There is no reason IMO to stick to one sided trade. But, many do as they are not daily traders. Heck, even NAV who is an aggressive trader is not trading this volatility. Something has to be said for that level of discipline. But, patient does pay for those willing to wait for the market to come to them.
Humble has made some very strong arguments about the bullish case and was pretty much on the money with the 10/10 low Astro time/date forcast. Now, we have not broken those lows yet. However, the Long Term "Trend" is still down. Let's not forget our friend the "Trend" Now, DC sees something lurcking that warrants extra caution. Nothing wrong with that. He is FLAT. Great strategy to have in this environment. I myself also have that little voice that says what if 10/10 is the bottom and it is a big 'IF' for me. But, the cautious side of me "says" not to "trust" anything at face value (does that ring a bell with Financials
fiasco). The fact that 10/10 low is in the news every single day makes me cringe.
Still another strategy that has worked for me is hedging with puts and calls on same stocks and buying puts on stocks that are going to tumble, i.e. DECK while buying calls SPY at certain points. So, you see you can really play both sides and more importantly you can balance it out with different etfs and stocks.
As Bob would say, keep up the good work.
Safe trading
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