Stay positive, pal. Most people, when they lose, they whine, they quit. But you gotta be there for the turns. Everybody's got good luck, everybody's got bad luck. Don't run when you lose, don't whine when it hurts. It's like the 1st grade, nobody likes a crybaby.
-Gordon Gekko
Range again.
The market has lots of room to move around and even have a holiday rally ( dead cat bounce ) without even coming close to negating the technical breakdown and follow through we have seen recently. There is an increased expectation that another move lower will occur once oversold conditions are removed. Last Thursday's breakdown out of the triangle confirmed that near term market direction is down and for long-only position trader in growth stocks, cash is king.
Note: Lots of hedge fund managers are selling their positions and going flat/bonds.
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