YOUR GUT

While trading with your gut is not something I would recommend, listening to your gut is A MUST!!!

Yesterday I listened to my gut and got out of a short position in the Midcap. There were plenty of things I found after thinking long and hard that supported my gut's feeling, but it was my gut that gets the credit. Anyway, I ended up reversing and getting long, and so far so good in the LONG MIDCAP POSITION. The entry in the Midcap was 748. While I tried to buy another just at my "PERFECT ENTRY POINT" of 747.4, I was unable. It has yet to go against me. My stop point is for now, 745.1, below yesterday's low. I may move it up today. My profit point for now is WAY ABOVE at 772. I may adjust as it is friday and a long weekend, and I don't want to have any positions over the weekend, especially such a long one.

I will watch today, and possibly I may get out if we can't get above 759.

Good luck.

Andy