Thursday, July 11, 2013
Monday, July 8, 2013
In the very ST, I am expecting a pull back towards 1620 or so where I will probably go long for a ride towards the May highs. This is the area I want to re-short the market. I tweeted a couple weeks ago that if the VIX closed the week below 17.50 it would suggest that pullback was over. It hindsight it now appears that was correct.
I closed my short position last WED. but failed to post it real time because I was unable to. I will be putting up a blog post explaining why I closed the short in anticipation of a market move towards 1670. So far it was the right move. I was planning on doing this post last Fri. but got side tracked with other things. I will post my reasoning for the ST change in thought shortly.