Hey there good ol buddy!
I see we both went to G today, maybe tha's a good sign!
I don't expect much for the rest of the year, but maybe I'll
jump in again, if the market dives after the election.
I'm thinking that greed will lead to loss. I caught some profit
with the measley 31% I had at risk. I also coped a few pennies
more by doing a rebalancing act on the way down. Cramer says
Hogs get slaughtered. I truly wanted to stay in for friday, but
if there's going to be some profit taking, before the weekend
has been the trend. The Pre-Election Rally came thru for us.
But the election itself holds many unanswered questions. The
market wants a republican and the street wants a democrat.
I think the Street will win that battle and the market will react
to their disappointment. Some ugly economic reports will only
add fuel to the fire. Some earnings reports will come in nicely,
however, its their future outlook that the market will consider.
So far, those have been ugly. The P&F Chart is also calling for
a drop to around 860. So you see my friend, even if I miss the
possible rallies on Friday or Monday, I will fear no pain. But my
gut was telling me jump ship for a better entry point and lock
in those gains. Time will most certainly tell all. Good luck.