As mentioned before.. we were expecting Market Weakness and we saw day before and today also.. Fed helicopters come and rescue the markets every now and then (May be due to Election time).
Our goal is to stay disciplined and protect our money.. I saw the below pattern in AGQ, GLD, CZM and LBJ. Also bearish engulfing in SGG. Also alongwith there were violations of the 10 day MA again..
So time for protection and going CASH.. Its very easy to buy them back once the conditions resolve but its prudent to protect your profits..
REMEMBER..
BULLS MAKE MONEY
BEARS MAKE MONEY
and HOGS GETS SLAUGHTERED
http://img253.imageshack.us/img253/7489/1021201044728pm.jpg
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