Well,
there goes two-thirds of my bounce. We're hoping for another bounce tomorrow - but hope isn't really worth much in trading. I'm re-assessing my Dow 13,800 by around Thanksgiving (late November) theory. I guess I could be wrong. Which really might just be a first. That I am wrong on a prediction. (No, I'm not being tongue-in-cheek.)
Any way. If I am wrong, and even in the short-term (next week), we are not expecting a bounce but are trending towards lower highs and lower lows, I should short tomorrow.
I am looking to short Retail (how original!). Not sure what else I can short. I don't want to short Tech, because I still think that they are the ones who will bring this carcass back to life.
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