Because the rally came from 1275 rather than the 1263 I expected, it could go another 12 above the original 1300, so yea, 1312 is possible, but I really think it is too dangerous to play these last 15 naz points on the long side. So I stayed at the 80% cash level. I think that if I manage to be in tomorrow around 11:30, we will be past the morning G&C and ready for a nice little lunch tactic, if not, well, today's lunch tactic was not that bad after all...
Zeev
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