- Sold some MOS and MOO today to raise cash, also sold all SSO calls(small positions).
- We're on a critical support, at 850. We may start a new leg down. That's the reason I sold these positions. I'll add when there is another bloody crash, like the one on Oct.10th. If market rallies, then I'll use the chance to unload other positions.
- It's not a bottom, it doesn't feel like it's Oct.10th or Nov.13th. This time, it feels different. When in doubt, get out. Let's see if it plays out correctly this time.
- I'll use double or even triple ETFs if I think it's a true bottom.
- I know this is not the bottom when two ultrashort ETFs are less than 50% of their highs, EEV and FXP. I think when true bottom hits, these two will be near the high.
- Actually now it's time to add some small short ETFs to balance the overweight long positions.
Monday, November 17, 2008
Raised cash
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