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11.12.2014 Red Futures? Bookmark

Red? Were those red futures I saw?  Is that even legal now? I almost had to do a double take when I saw them. Naturally I'm kidding around here, but it does show you the madness that is indeed our markets. We've gained 1700 points in like 18 sessions since the 10% dip. I don't know if that's a record gain, I haven't checked...but it's certainly "too much too quick".
Red? Were those red futures I saw?  Is that even legal now? I almost had to do a double take when I saw them. Naturally I'm kidding around here, but it does show you the madness that is indeed our markets. We've gained 1700 points in like 18 sessions since the 10% dip. I don't know if that's a record gain, I haven't checked...but it's certainly "too much too quick".

We've been suggesting that this week we could see a bit of a pull back, if for nothing else than for them to "digest" the big moves we've made so far. It is possible that today we see a bit of profit taking hit, so stay on your toes. I don't think it would be wise to be wholesale buying after a run like we've just had. If you've got positions on with really good profits, it wouldn't be a sin to sell a quarter or a third of the position and lock in some gains. That way you're still in the game if they reverse higher and push us for more. But it does lock in some nice profits on a portion of your hold, if they do pull the rug some.

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