http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=9&dy=0&id=p83750808625&a=214966864

We found ourselves thinking at the end of last week why haven’t the bears seized on Ukraine to hammer the market?

Monday we answered the phone and it was those traders saying sell the market.  Hard.  We started a scale in hedge.  Tuesday  we got the confirmation day we were looking for after the new high.  (After the new high we commented that we were looking for  a confirmation day.)  There it is.  We’ll be adding on to our positions shortly.  We took off the hedge  Tuesday.

Our readers who are less impatient that ourselves  don’t lose money on the hedge and  benefit from a day like Tuesday.

Keep doing it.