Friday, January 18, 2008

Trade Update: IVV SPY

Well, we got the market manipulation anticipated in the immediately preceding post. SO, now I expect to look for an exit strategy from the short side SPY while holding long the IVV until it eventually fades. I don't know if I'll take all the profits at once or step out, but I know this, the market will gap this morning, don't chase it.

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