Talk about being wrong!

We totally blew this one. Talk about missing a great opportunity. We got caught up in all the negativity instead of playing the bottom of the channel. I think a lot of people were expecting the market to break. The numbers were not great enough to warrant the huge upswing; however, that didn't matter. Everyone was on the same side of the see-saw. The damage could have been worse -we got hit 6.7%. Some traders we know got hit 20% or more on this move up. The market made us look very silly the last two days. Although we had a gut instinct that the market was too bearish, we went along with the crowd. Sometimes not matter how good you think you are, the market can make you look silly. The Market 1.... WSR 0. Back to the drawing board.