Now is time to take full profit of the long position and reconsider the situation, my indicators point to a correction in the market, possibly a retest of the lows, we could face a bull trap with a run up above 950/980 on the SP 500 but I take this as an oppotunity to short the market.
I am starting building a lightly short bias on the portfolio and the market, and will build up the short side.
There is no real recovery yet!

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June 16, 2009
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