yijianmei

It still seems a bit early to open new longs, but kind of too late to open new shorts too (at least for this round), so what do you do? Nothing.

yijianmei

too late to open new shorts? I don't think so.
重新再测试 发表于 2011-6-8 14:02

You may be right, but the risk/reward is not very favorable right now. Market usually does not just fall straight down. A rebound may be around the corner. Of course, the market could also just crash from here too, because contrary to conventional thinking, market crash almost always occurs at already oversold levels. But usually it is a small statistical event.