My goodness, the sentiment around these parts changes in a big hurry! Yesterday the bulls became mimes (although they were not dressed as one; that’s strictly my department). Today they’re crowing, smirking, and pointing.
Looking at the trend of the IWM, I really don’t see what all the high-fives are about. People want to keep buying the dips? Be my guest. I’m shorting into strength. It is completely understandable why people would think buying every dip makes sense; they’ve been deliberately conditioned to do so. Sort of like lab rats.
