S&P 500 - September 24, 2010 -AMC

A one-way ticket to riches for the longs!

If this is the beginning of the continuation of a bull run, then whatever low we had these past days should not be violated for a long time. That, to me defines the risk of being long. I mean 1120 or so on S&P cash is the risk of being bullish, or having gone bullish today.

For existing positions from further below, market may have signaled us to raise all risk/stop levels.

I shall make a more detailed post for the weekend.

Have a Nice Evening!