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Strategies & Market Trends : Technical Analysis With Charts -- Ignore unavailable to you. Want to Upgrade?

To: Galirayo who wrote (6666)	5/17/2008 12:54:17 AM
From: jaker	Read Replies (1) \| Respond to of 6865

I keep waiting for DUG's Fat Lady to Sing ... I suppose the smart thing would be to have a couple of DUG puts for insurance. But, I do not like the Drag Strip mentality of options...I prefer racing on an Oval track so I can get off whenever I like. So, I look for something else to off set DUG's drop. I do have a posistion in UGA, gasoline ETF... it is fairly new and low volume.. But I feel comfortable hedged with it. And when I drive by the local gas station and see them up on the ladder raising the gasoline prices. I actually feel pretty good... Every time the price at the pump goes up. I make money on UGA... I know it's an emotional thing, but I can't help it.