Fool’s errand.

Posted on Oct 30, 2009 by WHC Bassetti in Letters

At 10:27 San Francisco time with the market looking like this we increased our hedges and are now net short the indices.  As we said earlier attempting to trade these minor waves is a fool's errand.  Of course we have an analysis, and it is based on the earlier intraday chart, which shows a prevailing short term downtrend.

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

Tags: , ,

Comments

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