Time to think of bull hedging…

Posted on Oct 22, 2011 by in Letters

As prices in the SPX move out of the five day congestion -- and perhaps out of the  53 day congestion -- it is time to think about hedging against upside markets.  Numerous commentators consider the piercing of 1230 significant.  What we think of it is shown by the chart.  Not yet.  But close enough to think about.  And certainly close enough to hedge -- i.e., by venturing some longs or lifting some short hedges.

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