Tuesday, March 10, 2009

Upper trend line breached - cashing out 25%

The S&P 500 closed at 720 today, which is above the upper channel line, but not decisively so.
Today's large 6% rally was also accompanied by yet another spike in optimism, which suggests this rally may be short lived. Since I'm not very impressed with this rally just yet, I'm going to cash out of only 1/3 of my GRZZX position, meaning 25% of my "Freedom Account" will be transferred from GRZZX to cash tomorrow. That will leave 50% in GRZZX and 50% in cash.

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