4/27/2008 11:08:29 PM
We've just been dealt one. Here's what to do.
Welcome to Lynn T's 1-2-3 PLUS Alert. To learn more about my Partial Leverage Utilization System, click here.
The SPY continued to move higher on lighter volume, keeping us within the channel of the up trend. At this point in time, all of my indicators are pointing up, placing us in full bullish bias mode. Be careful out there, the bulls are loose and they have sharp horns. Sharp horns can prove distracting if not handled with finesse and care.
That means it's not necessarily time to stare down the bulls with our best poker face. Playing the great hand that has been dealt to us could have a twist. A twist that could have us giving back some of our hard earned money. The house always wins - or so they say. Our method of backing down 1/3 at a time (if need be) will make sure we leave with our shirts still on.
Add another 1/3 bullish position (see new weighting below).
Current Weighting Suggestion:
3/3 in Bullish Leverage
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Have a great week!