Rally Ho!!!!

Hi Seth, I day and swing trade and use primarily countertrend systems. When the shit was hitting the fan Tue and Wed last week I was going against the trend. The combo of Vix hitting 40, the strong Wednesday reversal off of the lows, and the idea of a war rally, kept me in my position longer-term. It doesn't always work out this well but this time it did ( so far).
 
I'm not ruling out any upswings, it could go back up to 9300. But the shorts have a serious advantage in the long term. One exogenous shock, and we will have a tremendous credit bubble burst. The odds are certainly in the bears' favor.
 
"I wouldn't long this market if ya paid me"

I've been long this market for two weeks and it IS paying me. So we are a little overbought right now, so what. I dumped some QQQ's thats all, still net long. Of course I am also long some gold stocks.
 
I'm still holding some long positions also.* I'll keep them until I see some strong sign that this war rally (and the accompanying sentiment) has come to an end. (Yes -- I'll be giving back profits)

Mondo, I've also long some gold stocks. A couple for the longer term, that, for more fundamental reasons, I think will make strong profits even with gold at $300.
Long a couple of others as a proxy for a pullback entry on gold itself. It's a tough call, but I consider it a super strong risk to reward play, so I'll hold them.

* Although I'll admit this would be a great time to "sell the news".
 
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