Lehman falls, market falls, we’re short (since January)

Posted on Sep 18, 2008 by in Letters

In January of 2008 we were stopped out of our long positions and went short the Dow.  (See chart.) Except for a brief toe in the water in the May bull trap we have been short ever since.  Is this because we are geniuses?  Well, yes but --  No, it is because a simple technical analysis exercise dictated our position and we had the discipline to do it.  The beauty of technical analysis is that you  don't have to know the future.  You just have to know what to do right now, this minute, and the future takes care of itself.  In this case being short when the market is falling off the cliff.

This is only a preview. You must be a subscriber to access the full text of this letter.


 
Username
Password
 

 
Choose a Username*
   
Email *
   
First Name *
Last Name *
   
 
  * Required

Comments

You must be a subscriber to view and submit comments on this post.