EDGE TRADER

Saturday, October 15, 2005

Safe



I hit the matresses again yesterday. Thanks to the exuberance yesterday, I was able to make a nice clean safe (and profitable) exit to cash. I am about 96% cash right now. My thinking is I'd rather cash out on a strong day than sell into weakness.

As encouraging as the bull action was yesterday, I am playing it safe and will take the plungen only once the water looks fine.

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