From the Ashes......
a 95% success rate this morning
Yesterday was one of those “finest hour” moments for me. I came into the day with plenty of dry powder and, in the face of this ridiculous “US has surrendered, but honest, we’ve really won”” rally, I shorted like a sumbitch.
Of my twenty short positions, nineteen of them are down, some of them down hard (hey, AMD, how about you blow me?) I intend to get shorter now as well.
This is charting in action!
I don't understand why the market hasn't undone the rally since its obvious this ceasefire is not going to lead to any peaseful solution. Its just falling apart in front of everyones eyes. I guess, as you mentioned before, if the market doesn't react to information it should react to, then that says something. In this case, bullish momentum, I guess. Frustrating times.