Thursday, November 18, 2010
Revisiting May
Maybe it is just too obvious, but this feels like the beginning of May to me. There is bullish sentiment, the market is off the highs after a monster rally, and European problems are in the news. It feels like a terrible spot to be long, so that is why I am short. I hope I have the balls to ride this one down for a bit, unlike the last time.
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4 comments:
One big difference. That was May and this is the Holiday season. Polar opposites in terms of seasonality. I'm not saying we can't go a couple of percent lower, I just don't think we will get a drop like last time.
everyon is bullish except you. so you'r eprobably right
Yes, the seasonality is less favorable. Actually the sentiment doesn't seem as bullish as April either. But it still looks like a good risk reward opportunity on the short side.
Sentiment seems MUCH more bullish than April to me.
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