Monday, April 16, 2012

I stayed in.

Well if I would have had time this morning to bailout of the market I think I would have done it. I was about 3 minutes to late when I got my first break of the day and once I looked at the market action, I felt I missed an opportunity to bail. Most of the day we basically bounced a little above and little below the $1370 support level on the S&P500. When the market closed, we finished .33 cents below $1370. So what is starting to really show is that $1370 is very important because the last 5 trading days have been flirting above and below all day. The entire trading day all markets basically went sideways with indication of direction. My mind is screaming bail to safety, so do not be surprised if tomorrow to read, I’m out.

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