Last week I closed all but two of my pm stock positions. I did this strictly because of the risk. I had good gains in most. The more I looked at the charts the more I realized I have no idea which path is likely – that the correction is over and we are starting a new move up or that the correction has just begun. If the latter the targets can be quite ugly and so I became worried about risk.
I may end up chasing sold positions higher or have dodged a bullet.
aurum