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October 13th, 2005 by eyal | Filed under General rant. |
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As was expected from the new sentiment gauge (read: as was luckily guessed this time) the market was not quite oversold and continued to decline further today.
Picking on HRE this time we have this:
The market should find a short-term low in the next day or two, but the bounce potential appears limited at this time.
HRE folks are giving themselves more time for their predicition to work out, which increases the chances they may be right.. time will tell.
As for my portfolio, there was a shift from long bias to short bias. I still hold long positions which refused to break down despite the multi-day decline. Should be interesting to see how the medium-long term trend develops from here.
