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Tuesday, March 2, 2010

Up we go

Market resolved the wedge by a break to the upside today, although there was no real follow through after the initial burst this AM.  Broke the trendline late in the day (although back above it as I write this), which is the first step in a sell signal.  The second step, which is a sell from the momentum indicator, hasn't occurred, so still holding long.  Moved stop loss up to ES 1110.00 which locks in a little bit of the gain.
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