FWIW and with all due respect, I'm not getting too cute here with TA -- Bradley, EW, trend indicators, channels and trendlines, etc. If I time it right, sure, I can switch to USPIX and puts at the top, a whole what -- 3% NDX above here? But, if the market takes a serious swan dive, I might miss out most of a 30% rise in USPIX.
Holding now, USPIX may be dead money for a number of months, or I may catch the out-of-the-blue dive. But either way, I win. Staying out, I don't gain much more and could miss out on half the fall if it is a fast one. Just can't see not holding some here.
Regards,
crusty |
