The Selling Continues 2/21/2012

Remember last week when we were wondering if the market would ever correct?  Well, it certainly has.

The wise investor is making sure that positions are protected and that profits do not turn into losses.  Starting new positions with the uptrend having been damaged is a poor risk/reward proposition.

Expecting a bounce in the AM, I closed my SH position today, but may re-enter the SH if the bounce does not materialize or is particularly weak.


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