Reentrenchment of Bears

Home / Leveraged ETFs / Reentrenchment of Bears
February 8, 2010

Reentrenchment of the bears took place today. If I’m wrong, we have one more week of selling. If I’m right, bears got suckered today.

I’m back from my vacation and I was buying like a banshee this morning. Was considering taking gains on some individual stock trades like CHINA, TCK, RINO this morning when they were there around 10am. However, I have a thesis that I’m a holder till Friday. Therefore I left everything on. These oversold trades always have carryover from the previous week (which was down) and then have a lag before they perform. Which is why I’ve said on this blog (too myself) LET THE TRADE DEVELOP.

I’m glad I was at Disney today, because I likely would have been shaken out of much of what I own.