Downside gap and runaway prices cause us to flatten our accounts…

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The downside gap and 500 Dow point fall cause us to virtually flatten our positions, and go to the bleachers.  While you can almost never predict what will happen next, you can say that the present is so unpleasant that you change your posture to sitting on the sidelines and waiting patiently for a reentry point.  And of course there will be  one.

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