RE: RE: Overextended Have been early before, but recognized that, and made money on my longs in January. Sold my longs this morning and went short.
On this board Jan 25th I said:
"I've had to re-think my strategy, and look at this rally again closer, and unfortunately it still does not look like it is finished. 1340 SPX could be here by Monday Jan 30th. That would put HVU into the mid-high $8 area.
The market tanks from that point. So I'm going to have to re-position. This frenzied rally is just going to take it's sweet time to finish up.
It's been a challenge to get this setup right, but it will be worth it. My target is 1044 SPX..."
"Went long S&P for a blow off top to 1340 area next 4-5 days. Will reload shorts there..."
From tvix board Jan 25th:
"1340 SPX could be here by Monday Jan 30th. That would put TVIX into the $14 area. "
https://cyclicalmarketanalysis.blogspot.com/
SC