Investors daily changed their "market status" to "in a correction" yesterday. I suspect they are right.
I have been a seller for the past few weeks, nailing down profits and getting ready for a drop. The only position I have right now that is giving me any cause for concern is my CME position.
Will we have a large correction? I do not know for sure, but I suspect it will be large enough to make me want to be mostly out for a little while. I will look for short term opportunities here and there, but I have closed dow almost all of my swing trades.
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