It's so easy for me to lose money in the market when jinx is with me the whole time. The proprietary leading indicator I subscribe to has been advising to short the market since May 2011 and still is. So I lose while everyone who doesn't watch the market gets a free ride. Professional money managers like Dr. Fly reaped 20% during just the first month and a half of this year so far going long the frothy stocks. Now that he's in cash and holding just some VXX. I followed suit with VXX because that's in line with my gut and my technical analysis up till yesterday. It all changed today. VXX so far down 5.40% with the market (SPY) up only .28%. Going VXX is worse than averaging down on the leveraged index ETF (SPXU), and I am in it!!! Talk about jinx. Now Dr. Fly has 20% cushion to burn, but not me. For me it's been just one direction -- down. The market is so easy: until I overcome the jinx, just follow me and do the exact opposite!
It is likely a good call, just maybe a little to soon.
ReplyDeleteBearish plays are always too soon. It's the nature of the market.
ReplyDeletehttp://fifty2weekhi.blogspot.com/2012/01/bears-are-meant-to-suffer.html