Friday, February 3, 2012

Now the correction..

The market put in the 5th leg rally as I had been expecting and now we will see a correction starting as soon as Monday. Technically speaking these 5 waves are enough to complete the 5th leg but like I said yesterday, this might just correct to the Trend Average or 1320's in a W2 before going into another big rally. Whatever it is, the market is going to pullback so I took profits as planned but I added VIX positions. And here is what the portfolio looks like with today's sale:


Have a great weekend!

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