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List,
Well, we have another short term sell signal, so we're taking our profits
and standing aside on our S&P futures. This worked the last time. :) We
should have actually shorted the market then, but just went to cash. We're
going to do that again.
We're also closing out all of our equity positions except for our long term
trades (MU, TSM and QQQ Jan 80 Calls) and going to cash.
Our intermediate term system is still on a buy, so we hope to be able to
re-establish these positions at a lower price while locking up more profits
on those old S&P futures. This time, if we have the opportunity to buy back
in down 80 points or so, we will do so, rather than wait for a short term
buy signal. This sort of ties back to our H700 Intermediate Term Signal
which we are trading now. Our short term signal is right approximately 75%
of the time, so rather than trade against our "trend" we're just going to
play it safe.
Guy
Politicians and diapers have one thing in common. They should both be
changed regularly and for the same reason.
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