A strategic review… was strategivc (in honor of Dukokovic)

Posted on Sep 10, 2011 by in Letters

Sometimes in the hurly-burly of bungee markets we get absorbed in the detail and the trees falling on us and forget the forest.  Well, the forest is still there and it is still more important than the trees.  Here is a look at the forest, above.  So let us recapitulate what good lumberjacks should be doing.  If one were managing the forest with the edwards-magee methods he would have liquidated his long positions as shown at the stairstop, 1217.08, and gone short.  Study after study has emphasized the importance of shorting the market on major trend changes -- which this is.

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