Is the correction Over ? – May be !!

The anticipated 10~15% correction on US charts, may pause here or may terminate around here. The correction may be over here (if markets are slated to be range bound) or may not be over (if something big bad stuff is cooking in the background).

But, for considering the rate of downward change in last 4~5 days I am covering my double inverse (short) positions i.e. selling QID,SDS, SKF, SRS. Selling only 1/2 of my DUG, as I expect Energy related vehicles may correct some more as they led this correction for last 3~4 days) and OIL may correct some more due to further $ strength.

I am not “YET” initiating large long positions. I will add into long positions once ‘full correction is over’ symptoms show up. There is always a time-gap between downside getting over vs. upside getting started. Till then, it’s a wait and watch.

Enjoying the game.