It's obviously been a good morning so far. The most exciting part for me is that, in spite of being 40% in cash (regretable, but deliberate) my portfolio is UP more than the market is DOWN. Thus the power of well-selected shorts!
But as Colonel Kilgore said: "Some day, this war's gonna end." So the bulltards are probably already BTFD and aiming to push prices higher. Good. I want our bullish overlords to do just that, because I don't want to be adding shorts at these levels. Below is my wild-ass guess about the intermediate direction of the Russell.
