The Moment That I Realized...

that the markets were in a full-fledged down trend. Here is the original post...

Saturday, August 11, 2007

The Ugly Just Keep Getting Uglier...

Is it just me or does it really feel like the list of playable long positions seems to be growing smaller and smaller with each passing day? There are several indicators hinting that the short side of things is the correct side to play in the mean time. My short portfolio, which at the moment consists mostly of short futures positions in the Dow, NASDAQ and S&P is already up nearly 35%. If this continues, it will easily surpass my top-performing long portfolio. In order to appreciate how much of a change this is, allow me to put this in perspective. This is the first time, since I began trading that my short portfolio has posted such a high gain and in such a small time frame. If the market doesn't climb back up above resistance, we will surely slice through the 200 day Ma.