Position, Stops and Targets for 7/2/07
No need for a SPY chart tonight; Friday’s action didn’t cause any notable change to the plan other than a tightening of the range between the stop and the target, which seems to happen with “indecisive” days, (a phenomenon which, empirically speaking, I find comforting):
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Position: Long from 149.70
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Stop: Raised to 148.90
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Target: Lowered to 154.00 (Much more realistic)