I will probably hold and bleed through Friday's scary action.
However, I must point out my previous folly, and how I may be about to step in it AGAIN.
If you haven't already watched my post on long term trading signal, please click here and watch/read.
Back in 2009, like an idiot I ignored this signal and closed long positions, and started to short the market as it rallied up into my face. Here I am , with not that many shorts as what looks like a hellish turn for the market down.
For your reference, the long term trading indicator is about to flip over, and we need a 1% distance to officially call this market into a down trend.