Chop, Chop, Chop. Holiday trading. This market isn't going down and I am now flat and actually looking to get slightly long for the end of the year. SPX close below 1085 would probably make me change my mind, but given the SOX and the seasonal time period I am willing to try for a few points on the upside. No real position mind you, still too many danger signs for that.
I know of some very good traders who pretty much shut down for this time of the year. Its probably a good idea.
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