Psychological damage?

This whole rise from 5240 with so many gap ups - has created a psychological damage :(

2 weeks back I was a totally bearish - shorted Nifty @5280 and lost money - shorted a few stocks and lost money there too!

Now when the time came to short above 5400 - I just froze! Because suckers can do gap ups of 80 points and kill shorts - i didn't want to short Nifty.

May be i will repent...

PS: Another problem is we are a sucker market. We don't fall when global market falls - but we rise when global markets rise. May be this time it will change?

We are commanding PE ratio of 20+ while China has a PE of 10 -- lets see how long the FII suckers keep holding the market up.