I do not think it will get that low, as a matter of fact, I have to restrain myself from shouting like Baldwin in "Red October", "...Captain, she is turning, she is turning..." (VBG). But technically, I still have that Max risk of 3550, and if the sox breach 880, I know not how bad it can become, 880 is a real major support, but with INTC breaking and MU wounded (I just sold both at a loss, INTC at $46-9/16 when it appeared that $46.5 would not hold and MU at $49-3/8 both losses of about $1.5 and $2 respectively), and AMAT sick like a dog, it looks asif once more, it is darkest before dawn. With my four sells today I am still below 45% cash, if I felt things could get much worse, I would jump to more than some 70% cash,
Zeev
In edit, I just sold QLTI at $78, nothing wrong with this one, but in view of the market, it was difficult to leave more than $5 on the table, I'll see if I can get back in just under $70 if the markets become "wobbly" again. |
