I'm somewhat conflicted right now, because the opinions of people I respect (like Gary Savage and Tony Caldaro) are starting to diverge quite a bit from my own. All the same, I have to bow down to my charts more than other individuals, although their opinion definitely factors into my thinking.
Gary has cautioned me on my bearishness toward gold and energy, in addition to equities. I agree that equities are dicey right now, although I have re-entered my NDX puts (at a fine price too, I might add, given this morning's earlier strength!) But I am resolute on my energy shorts. Look at this crude oil graph.
Simply stated, this graph screams "Sell!" to me. So I have positioned myself accordingly.
