1/2/2012 Raising Stops in the AM, All in cash at the close

10:15 AM

HTZ raise stops to low of day 16.74

EBAY raise stop to entry price 52.15

Too much giddiness in the market not to lock in profits.  Let’s see what happens in the coming hours.

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4PM

At the close we are all in cash.  What a rally to start the year!

There is a famous quote attributed to many famous market legends that seems appropriate today:

“Get greedy when others are fearful, and fearful when others are greedy.”

Watch the video review later as I lay out some strategy for the coming days.

 

 

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