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Pastimes : The Philosophical Porch -- Ignore unavailable to you. Want to Upgrade?

To: Rarebird who wrote (5182)12/22/2009 10:00:06 AM
From: re3  Read Replies (1) | Respond to of 26251
 
what about that vxx thing ?

heading for a 2 handle ?

thx



To: Rarebird who wrote (5182)12/22/2009 12:00:35 PM
From: Rarebird  Respond to of 26251
 
My SSG buy was OK, but I'm looking at it (at the moment, with emphasis on "at the moment" ) as a longer term position and a hedge against other long positions. And, I may add to it later or average down.

The SOX is one of my leading indicators and does tend to top first, so it's reasonable enough that it could be topping out ahead of the rest of the market. After all, that's what leading indicators are supposed to do.

Short term cycles look to be turning down here.


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