About what I expected, almost to the "T" as the most probable outcome, is playing out. Expect some more upside maybe, but not the vertical movement we got today. Expectations do not pay well, and yesterday and Wednesday I was a 1-2% of being in black on shorts... now I wanted to drop them right then and there, take off the risk, and reshort the bounce, but I said to myself, when you didn't cover after shorting 790 back in early Feb., took the drawdown, you said "position trade". Now I can't cover a position trade for a 2% loss when I think it will be lower in 2 weeks, but keeping the frustration in check is even harder when you can see it coming... ON TO SOME CHARTS
ISSUES ABOVE 50DMA -- WORKED OFF A LOT OF OVERSOLD STEAM
45 TIMER TODAY -- USUALLY TAKES AT LEASE ANOTHER TRADING DAY TO EVEN CONSOLIDATE AN UPTHRUST LIKE THIS BEFORE IT CAN TRY TO GO DOWN.
RUT VIX -- WE ALL KNOW THE USUAL RESULTS OF VOLATILITY BEING UP AS HIGH AS IT GOT IN TERMS OF BB
WEEKLY CHART
