Airedale, actually I have a question for you, this would make more sense...
Would you cover here (or take partial profits), if you'd thought that 50% of the losses from the top could be retraced over the next few sessions or you would rather add to your position and keep your core short position?
I think all of my argument comes from the trading timeframes, although I see down for the IT, I would rather trade anything over a few percent moves in either direction. I actually see more downside all summer, but it might not amount to much until early August, I think it will accelerate into Oct...
Thanks for sharing your work again...
- kisa
kisa, i'd add to shorts on a retracement like that. that is a trading time frame decision for me and certainly some of the skilled vst traders on this board can trade in and out of these longer moves.
