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Strategies & Market Trends : Longer-Term Market Trends -- Ignore unavailable to you. Want to Upgrade?

To: morokko65 who wrote (2110)	2/27/2009 6:59:41 PM
From: Perspective	Read Replies (1) \| Respond to of 3209

Don't ask me. I've not been too happy these past couple of weeks. My SPY hedges have been eating me alive. I haven't made a penny in eight days despite my short bias, thanks to being too heavily into SPY. I've reduced my financials short exposure since so many of them have fallen so far, so fast. Now I guess I'm net long financials through my hedges. Yuck. And the energies within the hedge haven't helped matters either. If the darned consumer sector would go ahead and break, I think I'd be just fine. But with those shorts holding up while the broader market falls apart, I'm getting pinched in between. I suppose I'm lucky to only be down 1% on balance. I keep expecting a bounce - I mean, we're at important support levels on virtually every major index I look at. Surely somebody is interested in taking a flier on it at these levels, right? Instead, every rally gets sold within a few hours of launch. Man, have I got bear fatigue - and I'm (supposedly) a bear! `BC