Exit Long Position, Waiting For Shorting - November 18, 2011

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[B]“If you can survive this market you will most likely be able to survive any market, it will get easier, hang in there. You may be wrong for a few days before you are very right so you have to be able to stay tough during that period when the market makes you look foolish. If you are feeling lost here, trade smaller or not at all.” [/B]Upsidetrader
[url]http://www.upsidetrader.com/2011/11/17/trading-this-market/[/url]

[B]“Friday is options expiration and that’s enough to put everyone on the sidelines unless you’re a trader in the options pits. We might see even more volume and weird behavior.”[/B]Dave Fry

The IWM robot will exit its long position at the open today for a loss estimated at less than one-half of ATR. The short selling edges are too weak and the robot will sit in cash. Please read Pascal’s comments. I will do a comprehensive commentary this weekend after a deep market analysis.
Billy

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Billy, it would be terrific if you could also give your thoughts on the SPY as part of your deep dive this weekend into the markets. If you are of a mind...thanks.