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Strategies & Market Trends : Point and Figure Charting

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Ms. Baby Boomer

rdkflorida2

To: mattstat who wrote (32631)	1/7/2020 5:11:14 PM
From: AdvocatusDiaboli	2 Recommendations Read Replies (2) of 34811

Coincidentally earlier today at FINTAS's magical 3240 I purchased some insurance by taking a contra short position to limit my overall exposure at this time. I do not like the chart patten which seems to have found a short term top. Also, investors are looking for reasons to correct this market. and what better bear food than the Iranian saga. So whilst I remain confident this market is going significantly higher before cycle end, I will sleep more soundly with less exposure at present. Trump and Iran trading threats and promises is going to quell some of the recent exuberance and could lead to a wave of selling.

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