Well, the bulls are suckling from the hoary teat of failure this morning, and it couldn't happen to a nicer bunch of lads. I confess that I sold my ERY long, GLD short, and part of my TWM long a little while ago, but on the whole I am closing out only two things:
- Jack
- Squat
In other words, I'm leaving everything else open, albeit with increasingly unforgiving stops.
With the /ES down nearly 20, we seem to be at an important retracement level. But, just to keep beating a dead horse, I think 880 is just around the corner – – – then the real juncture is before us in terms of core direction.
