As planned, I reversed my trade at the 940 level last week, and today I can already take my 25 point profit to make up for the losses from last week. What a ride this market is having!
I will be looking to get short if we have another pop in the market because a correction is due to occur in the next couple of weeks. Earnings are coming out better than expected, but the profits that are left are peanuts if you compare them with 2 years ago.
I bet it will be raining buy-advices from analysts, but that’s just so that they can get out of their long positions and hand them over to the general crowd which is getting greedy again. Which is what started the whole crisis, greed…
