You might be right. I was tempted to open a short position, but want to see how this plays out now. Bulls think this is a normal consolidation pullback after a great run…and they may be right. At the same time, I think this market is OVERVALUED. Get tired of hearing that the market is so undervalued. Hope they run it up to 1000 or more on the S & P, so I can short with more confidence.
I’d recommend a stop, but as you know those 2 x ETFs can whipsaw around like crazy. I’ve been warned not to put a tight stop on those ETFs, but I’ve found I get burned when I don’t. At the same time, have missed out on some big moves, but have protected my capital. Good luck…enjoy reading your posts.
