Since my order was placed late yesterday, it did not become effective until today's close.
So, my actual entry price is 1306 on the S&P 500 Index.
Today broke a 7-month long pattern. The first day of the month today was actually a down day, although it was indeed a Short Sale Day that I was anticipating yesterday. But 1306 is a lower price than 1325, so sometimes one can benefit from a sell off. As always, I am anxious about this week's market action. Historically, the early half of March is a strong time for the market. If historical patterns bear out, then this week should be an up week. However, I am also prepared for a downdraft. 1299 on the S&P 500 Index should hold as support. If not, then we will have to sit out a correction.
Corrections are normal in bull markets. They allow one to buy in at lower prices.
I still believe that the best buying opportunity this year will occur in May. We will see.
Later.
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