When I saw Robert Prechter featured as the #1 story yesterday on the usually-bullish MarketWatch, I had concerns, believe me, about my short positions. Those concerns were realized today, as the market has been roaring higher.
Not to say this was unexpected. Those of you who watched me on Tastytrade yesterday (the part before my dogs went berserk) hopefully heard me offer up the prospect of a bounce toward the “break points” of major indexes. That’s precisely what is going on now. Specifically:
and our old favorite…..
Not to say I’m enjoying this multi-hundred point bounce on the Dow, but considering how steady the selling has been lately, we could probably use this bounce.
