Hey, guys, while you see this system does have a position on, you're only getting half of the strategy. I would simply not want to be unhedged going into this weekend. To read the "what-if" scenario without Bear's rescue reads something worse than the 1987 crash, which hasn't happened. No one seems to acknowledge the extreme volatility change on MLK weekend where several futures systems on this site basically crashed.
Even if I'm wrong, I'm just buying insurance against another thing like Bear happening. The result you see here is an unhedged position, sure, but I think you would expect me to have longer term investments in the mix. It's for that reason that I definitely would want to be slightly risk neutral going into next week.
Trade says overbought for me, but rationally it makes sense. Best start to the second quarter in 70 years and you aren't hedging your bets? Just my take.
Thanks, Beau. |