Who would only be looking to go short while the market climbs 50 pts, 200 pts, and 100+ pts in successive days? A lousy trader, that's who. A.K.A. "This Guy". While acknowledging that the monthly pivot (pink horizontal line) could have turned the multi-week cycle up early, I nevertheless maintained a bearish outlook and rather than looking to go long on dips to the white 24Hr MA or yellow daily pivots, I instead looked for opportunities to short into a market that was ripping upward. It's mind-boggling how I can not only miss these moves, but often be on the wrong side of them. Discouraging end to a discouraging week.
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