We still still are not buying this rally. We took a new position shorting something else. let's call it "HHH". We feel we are on the correct side. We got shaken out yesterday even though I have a "gut" feeling it will swing our way. It's like poker- we have a feeling we have the winning hand and we got bluffed off our position. The bulls keep firing at the pot. It seems too scripted for my tastes. Call us a glutton for punishment if you may; however, we are going to play the short side again. if the rally is for real, we can change sides. I don't buy it right now though. We will "pyramid" into the position so we don't get easily swayed off our belief.
Let's see if The Bulls can crack the steel resistence ceiling the indexes are at.
