[terces]

Now a more technical question. It appears the focus or favored position of this site, as of the present moment, is taking long positions, many of them on continuation patterns.

The market is showing many signs of topping, with fewer and fewer issues registering new highs. It seems to me that the market overall is moving into a Stage 3 top, with larger stocks being less advanced and others being more advanced. Case in point, the Russel Micro Caps IWC has been in a possible Stage 3 topping process for almost a year. The Russel Mid Caps IWM have been leveling out for the same time.

As Stan says, it takes a huge amount of effort to move a stock up, but it can fall of its own weight, I am wondering why there is not more focus on finding breakdowns?

I have been swayed by a strong contrarian opinion, so may be missing the point here, but it seems taking the short side is a safer move with the market, and that playing the long side is getting dangerous.

What am I missing here?