We were wrong about the weak bounce occurring. Nevertheless, there are a large number of shorting opportunities still available here. In order to participate, more aggressive entry is necessary.
This market is oversold and will bounce at some point, but the momentum is heavily down here so we may not get a decent bounce for a few more days. Even then, the bounce is likely to be of the dead cat variety. When we do get a dead cat bounce, we can add on to our growing short position.
No comments:
Post a Comment