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All,
I just didn't like the way the market felt today, especially the late
sell off. I did cover my AOL and SHRP positions this morning and was
seriously thinking about selling everything and going to cash. I just got
through looking at my charts and HRC did close below my stop. I'll close
that position tomorrow, however, the market indices are all clearly still in
Short Term Up Trend Channels (STUTCs) so I won't close my other positions.
I decided to follow my system and not panic. As long as the market indices
don't break out of their STUTCs, I'll keep my long positions until I hit a
target or a stop. If we do break the STUTCs, I'll go to all cash.
JimG
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