This market is driving me crazy. Yesterday's major moves just seem out of synch with realities. Things are not that good. The market should be heading down, not up. I know market timing is an impossible thing, but once again I am drawn kicking and screaming to that one certain rule -- "I can't stand it any longer."
As I noted in an earlier posting, the "I can't stand it any longer" is an age old market timing strategy. I goes like this: one holds one's shorts if the market is going up, and longs if it is going down until it just gets more than one can take. Sure enough, there comes a time when you give up and get out or in just before the reverse action (the one you were hoping for) happens.
So, that's where I am today. I hold shorts that I expected to pay out as the market came down. But, of course it didn't go down. Now, I am just at the point where I will sell, not being able to stand it any longer. And, if things go as they always do, as soon as I sell, the market will drop like a rock.
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