Mike
08-18-2011, 10:05 AM
I have been acting on the fact that the market retraced 38.2% of the down move and in a weak market this may be the extent of the rally before retesting the bottom.
Yesteray morning I increased my exposure to the short side. I am now short RAX, SINA, LVS and long GLD, DGP and FSG. Precious metals is the basis of my long positions and weakening market is the basis of my short positions.
I have been asked if I would run a model portfolio in this formum. I am considering how I might do this.
Yesteray morning I increased my exposure to the short side. I am now short RAX, SINA, LVS and long GLD, DGP and FSG. Precious metals is the basis of my long positions and weakening market is the basis of my short positions.
I have been asked if I would run a model portfolio in this formum. I am considering how I might do this.