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Short on weakness
Valued Contributor

Short on weakness

 

short_weakness.jpgEven our stodgy local market has finally joined global markets at all-time highs and everybody seems to want to short them?

I have written before about shorting zombie stocks, same with indices. Short weakness not strength.

When markets are running higher the answer is to be long. When they’re falling be short. If Undecided then drink coffee.

Don’t worry if the continual rise makes sense, it’s not meant to make sense. Markets will do what they want to do. A trader’s job is to read the price action and trade accordingly, not to stand in front of a charging market and order it to top. When it turns south there will be plenty of time to short it.

In short – trade the price not what you think.

 

Simon