Busy, busy, busy…

Posted on Oct 05, 2012 by in Letters


We are lifting our hedges and observing a couple of signals.  First, above the basing point has advanced in the SPX, and so  the stop has advanced, as drawn.  This is the wave low stop.  The new high stop looks OK to us.

Then the euro looks headed higher, so we are stepping into what is a small position now.

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