Nasdaq topped on Apr 7th, 2003

i've been shorting a little bit here and there since last tuesday and i'm getting killed...makes no sense to me the qqv and vix are so low and every other price indicator is pointing for a crash...with my luck this 3 yr bear market will end when i starting shorting ever couple of days :mad: :mad: :mad:
 
I dont have the date or time but I believe I heard them touting short only funds as a must for inclusion in a complete asset allocation (for retail investors)on CNBC last month some time..... :confused: :D

Ode to the herd,

Just like when joe plumber started trading we had hit the top,
or when short plays are the talk at dinner for mom and pop,
The tide will change from that moment on,
And at the end of every quarter the 90% will ask "what went wrong?".
 
My system is still telling me that this market has topped, but I look like an idiot today, that's for sure. Most of my shorts were initiated in the Nasdaq 1425-1430 range, so I'm taking a bath, but I'm patiently scaling into more shorts .... If the nasdaq breaks 1500, I'll call it quits and stop myself out.
More...
Have you ever heard of ... admitting that you are wrong and the market is right. You have your mind made up about what the market will or will not do.

Keep doing that buddy and you wont be trading for long. Just trying to help.
 
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