One is mildly bullish for the short term (next couple of days), and the other is based on
alpha's expanding diagonal count which is immediately bearish. Like I said in my last post: There is a lot of debate about the current count (and with good reason). But I am still short. This move remains bearish until proven otherwise (I like 1140 as strong resistance and will revisit my stance only if that is broken).
It doesn't bother me that my positions go against me for the short term. I am set to catch unexpected and sharp drops. We had crazy no-bid days in P1 and you can bet we will have them out of the blue in P3. I stay short until the bulls convince me with overwhelming evidence that I am wrong. And the last couple of days are circumstantial at best :)
