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