I closed out of many of my long equity positions today. Tomorrow’s futures look very negative. Many of my profitable positions have become negative in the last few days. For me it’s time to preserve capital. A rising market on decreasing volume is reportedly long term negative. For me it’s a time for extreme caution if you have been a bull.
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There is no better way to produce a rally in the stock market than to post a chart and comments like this. :]