Upside Risk Reduced

Today the market fell a little, but pretty much went sideways all day. The pop up in the NASDAQ 100 index in the morning extended its trading range and meant that though the stochastic oscillator increased, it didn't increase by much. The risk that the oscillator and the market will actually go up in the near-term is much reduced. Yes, that is the risk that it will rise. If you are short the market like me, you want the market to go down... I get more and more annoyed by the bullish bias in the media that talks about good days when the market goes up and bad ones when it goes down. I think it is discrimination against bears :)