Thursday, May 14, 2009

Follow up for art

So... I threw a 80/20 on a market top last week.

I have to hedge. There was a downswing, and now it may want to bounce. The next day or so will either throw out a new upswing, which should be a final high. or the trend will continue.

but instead of 80%... I'm more in the flip a coin, state of mind.

2 comments:

Art said...

If everyone hedged we wouldn't be in this mess. Buy and hold, yeah right? Suckers....

The Mop said...

The thing about buy and hold is that... it' hasn't been a buy and hold market since 97...

but... It also seems like the secular bear has set a range. who knows if it goes on for 10 more years or 20....

We are back to resistance... seems like a 50% retrace is in the cards at a minimum.

People are looking for the 10 and 20% correction before testing the waters again.