S&P

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.

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