GNC

Sells most of GNC at $21.50.

I am becoming increasingly nervous about the markets ability to hold on or above the 18000 level. For this reason reason I am trimming severely or just plain closing all current positions.

We are long overdue for a major correction and the upcoming presidential election could well be the catalyst that precipitates it.

If this correction occurs I expect the DOW to drop to the 9700 to 10700 area.

If you are trading a retirement account I would (and have) get out of the market and sit this one out. It could take a 18 to 24 months for this to play out so be patient.

I will limit my trading primarily to day trades until we get some clarity on market direction.

Dave C

Leave a Reply