RE: I was like you a year agoI hear what you are saying Tank and generally decent advice.
However, I disagree that the trend is up. In fact I see the trend being down from Nov 5, and down from 2007. In particular, the trend for financials is down sharply from April 2010, and this contrasts with S&P which topped this November, not April like financials did. Again, financials are leading down, and this has continued to be the case for years now.
I've done my in depth analysis and I have so much to support my position that I am very sure and comfortable. I was just a touch early on this entry and don't mind my position currently slightly against me. That won't be the case for long at all.
I don't see seasonality as being important. Oct is traditionally a bad month. How was it this year?
It's one thing to miss a great short opportunity but I'm warning not to go long the mkt here. That will be an expensive mistake.
SC