not because the markets went down, which was a reasonable thing, but the gut-wrenching volatility so that when I get filled for a bear market ETF it's at the low of the session then it proceeds to ram upwards and STOP ME OUT, then return to it's lower trajectory only to suck more folks in, such as me...then rise into the close. So even though I was RIGHT, I lost money anyway. GRRRRR...
It's hedgefunds I think, and oooh they make me so mad I could spit.
So OK by the book we are still laboring below the 20-day EMA in the S&P 500, so we've got to play all over bought conditions to the bearish side, but I went ahead anyway this morning and bought a block of IWM (Russell 2000 ETF) to hedge my shorts (and I'm home to watch things today) because the Abbey Joseph Cohens and the CNBC have done their very best to ensure us that the water is safe today (criminals, con men) so I expect mucho buying of folks looking to catch the "bounce" back into a bull market. I just don't see it, yet, but I'm tired of losing money.
This has been the hardest week *ever* to read and trade since I've been watching the market. Bulls and bears are crying in pain.
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