I think we are in a bear market now. What that means is while the market trends down, we will have insane rallies and resume the downtrend. If we break all time highs, then this thesis is wrong. Otherwise I think I’ll be covering the remainder of my shorts this week.
My goal is to slowly over the year to add to india (INDA) for long term stability, and income. The remainder I’ll trade in and out, mostly going short st toppish rallies but also going long in extreme pullbacks I may even cover some shorts, put on some longs, and sell the one that goes against me.
The down trend will go into 2024
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