Standing Pat

I am holding all 3 positions over the weekend.  All 3 positions are working and remain in highly bullish trends.  The market remains overbought as news sentiment is riddled by the bears.  I still contend the contrarian position in the market is higher at least for another little while.  Until more stocks break below their 7 dmas I cannot get too excited about selling my positions or taking a bearish market stance.  There were some nice bearish setups earlier this week that just got blasted as shorts continue to scramble and cover.  I will send out a separate post with an account update, but it looks like I should end the week around $32,000.  (many thanks to TSO)

 

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Posted on February 1, 2013, in Jeffs 3k-100k, Uncategorized. Bookmark the permalink. Leave a comment.

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