My stop at 945.5 triggered at 940.0. Due to 200+ pts loss of DJIA, our cash mkt has to go down. This week saw DJIA lost -500 pts due to higher inflation and FEd interest rate hike.
The bullish days (I think is over) and look for opportunity to short on pullback.
I am clearing all my stock portfolio for clients.
Last Black Monday for DJIA to experience 1987 Oct 10 was -500 pts drop. Are we seeing a repeat ?
Thursday, May 18, 2006
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