Sentiment shows people flipped massively to long side yesterday, in an attempt to recoup their short side scorch.
People tend to go flip flop after getting walloped by emotions.
Is it time yet? Not sure its quite ripe yet, but the direction is right.
Ogm, look at the polls
Started by
dcengr
, Sep 19 2007 08:59 AM
2 replies to this topic
#1
dcengr
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Posted 19 September 2007 - 08:59 AM
Qui custodiet ipsos custodes?
#2
rightside
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Posted 19 September 2007 - 09:01 AM
DC,
Nice read and gameplan....We should have everyone on the same side of the boat now.
Best,
RS
#3
ogm
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Posted 19 September 2007 - 10:30 AM
I don't think we have many believers still. Polls were 30+% fully short for quite a while, and even after yesterday's action they are more then 20+% fully short.
There is a lot of anger, frustration, but still plenty are short and trying to short.
Besides we're so close to the highs with so little people on board. I don't see how we don't hit them.
That said, I'm trimming positions here and there a little bit. But I will buy any pullback.
Edited by ogm, 19 September 2007 - 10:31 AM.
