Thursday 30 January 2014
Raise the sell stop to 1776.
We cannot yet determine if this will be a rally that stalls,
and price goes lower, or if the next retest will confirm
this rally can continue higher. Odds favor the latter, but
this has been a volatile market, of late.
We exited half the position slightly lower when price
appeared to stall at a 50% retracement. Turned out
to be a pause. We still prefer profits to being “right,”
which can entail ego issues.