umn... we saw a 50% retrace(roughly of the last move) this was also an ok Elliot wave. Most waves should be, in a corrective cycl a clear ABC, and this one was Marginal and more like a 1-5
Awww... I think Cramer rings the bell today....
Wednesday, April 8, 2009
So
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OK, since I'm asking questions today, I have another one. Why do we mess around with hedges on T.Lo's system? Why don't we just sell the position?
If, IYM, drops below 9.5%, we have to set up an elaborate hedge and pay margin fees just to assure that we break even for a period of time. Why not just go to cash in that position?
I'm venting a bit, but I'm looking at this and it seems insane.
Well, you have to understand her model a little better, she is more into High net worth people who have ...Jobs, and don't want to actively manage. But who also want to "risk the market, by doing some trading"
we arn't her market for that stuff.
Not to belabor the point, but even if your HNW, why would having a short-ETF in your portfolio help your returns if you are also holding a long ETF? Don't they just cancel each other out?
that is the point of hedging. reduce your risk to a loser.
but... shhh I havn't been paying attention to the hedging stuff, at best In my life, I may use her percentages for expsure to the asset classes, but I'll be damned if I ever hold an ETF for the long term..
You get your Black Helo/Gold bug thing Going. I get my "Wallstreet ant the proshares guys, or Ishares will Fuck me at will, especialy if they are losing money. There is nothing to stop them for using the "NAV" to take more of a chunk out of my ass, to pad their books"
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