That's my thinking too. My plan is to buy back in when indexes punch up through the topside resistance level proving that there's a general upside change in direction.
...know what shorting is but don't have enough grip on it to do it.
Or maybe we understand to too much to be willing to leap in. Looking again at index patterns in post #52 it gets real easy to see how uptrends are steady and downtrends are chaotic. For me that makes buying on the rally a LOT easier than trying to make sense w/ shorts during a correction.
But the individual got it all back when they shorted Lehman's all the way down. Last I talked to him, he plays just one company, daytrading, sometimes just one trade a day, sometimes more. He said and I mentioned before, know your company inside out, trends, especially know what the market makers are doing. That last thing, I don't understand at all except I can watch the spreads between bid and ask is all.
Nice play if you know what you are doing. For now best to try to pick winners rather than losers.
Nice little rally on some stocks now B4 closing. Not too much has flipped to green though. Closing down 331. JCP down in the $7 range but BBRY is holding its own around $9.
I'm still learning where to find info. On ST, for each stock when you get to its own page it has the number of shorts that are outstanding.
I will watch the indices; thanks for that chart; I saved it but understand it will change every day. Definitely trending on the downside for all. So I don't necessarily see Soros hand in this today.