Today mid-afternoon I pulled the plug on my QQQQ and Russell shorts. Keeping the other sector shorts on, but tightening the stops.
I bought back into GGB, and I might buy some more stocks that acted well today.
Bottom line: for whatever reason there wass NO FOLLOWTHROUGH from yesterday's breakdown, so the overall the bullish case is still intact, but stops need to be kept tight(er).
I'm not sorry I went short; it prevented some pain in a short term sense.
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