HB, first there is no need for "nerves of steel" to stay long through the last three days (I got close to no cash only late Monday), because most positions actually did pretty well (MERQ, IDPH, BRCM, CMRC, VECO, EMLX, NEWP, BEAS, JNPR and even JDSU today. Those that did not (VLNC, CCRD etc. ), I limited the pain (and thus the nerve problems) by cutting the losses or getting whipsawed (CRA for instance, was a whipsaw). As for Japan, as I type, they have only 1150 points or so to go to 13,000, they might even bring it to just under 13500, that will be barely a 10% DCB, easy to do in the next 16 days, IMTO.
I think that the model developed by the turnips has taken most of what is happening around us into account, and right now I see no reason to change it, despite the outside cacophony of "Gevalts" in all media, and all the hands wringing going around. At worst, if the turnip are wrong, I'll be stopped out and come back to play another day. I think that my very low cash position in the last three days is quite justified and will probably do as well as the very low cash position early in January.
Zeev
In edit, only 1000 points left on the Nikkei for "nirvana" and our futures are responding nicely. |
