Normal
On current data (indicators that I use) it is simply a pullback, it is not the start of another leg lower. If it were (or I thought it were) I would not be hedged 25%. I would be hedged 150% or completely sold out (100%).My best guess (and it is a guess) is 2600. Partly that it is a technical support/resistance level, partly it is the location of the 1SD move (both down and up). Someone might want to stick a Fib. analysis on that level and see if it matches up at all. I haven't checked but I wouldn't be surprised to see a 50% mark on a Fib.jog onduc
On current data (indicators that I use) it is simply a pullback, it is not the start of another leg lower. If it were (or I thought it were) I would not be hedged 25%. I would be hedged 150% or completely sold out (100%).
My best guess (and it is a guess) is 2600. Partly that it is a technical support/resistance level, partly it is the location of the 1SD move (both down and up). Someone might want to stick a Fib. analysis on that level and see if it matches up at all. I haven't checked but I wouldn't be surprised to see a 50% mark on a Fib.
jog on
duc
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