Good Call Indeed 2/25/2013

Ugly day in the market if you are a long only investor.

The SH hedge I carried over the weekend was sold towards the close just in case we get a gap higher after the major selloff we had today.  Not expecting much more than a relief bounce or perhaps a test of the 1500 SPX level which is now resistance.

If you used stops, today some were most likely hit.

Stay in sync with the trend and you will not be bothered by days like today.

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