Bookkeeping: Getting Rid of This Morning's Downside Protection

By Trader Mark
19 March 2010 @ 03:52 pm EDT

I was hoping for a move closer to S&P 1151-1152 when I put on the index shorts this morning on the break below 1160, but like a starved squirrel I am so very happy to find even a single acorn on the short side in this day and age.  Hence, I am going to take my 3-4ish acorns (3-4 S&P points) and run like a bandit before Summers and Bernanke take their rifles and tag me.

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