Excellent example today.
GE announced 5 minutes before the close, and brought the market down.
Why did GE do that? They have very good reasons, but GE won't let anyone know. When the dust settles, I am sure we will know.
It was holding very nicely all day long until the sudden announcement.
So what to do?
A) trade smaller size.
B) set wider sotps.
No Entry today, but holding on to my SSO positions. Moved stop to $29.13.
DOW is simply the strongest amongst all four sisters, I have a watch list on all 30 Dow components.
A few worthy of mentioning for bottoming.
AXP, BA, CVX, HD, KFT, JNJ, MCD, MMM and VZ
shorts: not yet
longs: not yet
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