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First Profit Target Met on 11-17 S&P 500 Trade

Friday, 18. November 2005

Partial profit taken at 1244.75, but will remain in trade trying to get 1250 resistance to be taken out. Stop loss set to 1239.75 to lock in profit on balance of position. No economic news for a couple of days leading into thanksgiving. Likely to see less volume and perhaps a drift up. Stop loss must be managed to lock in maximum profit. Also market is flirting with August highs of 1255 which has been met with a big retracement in the past attempts.


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