The call is 75% long Emerging markets and 25% short dji.
I will trade at 70%.
The domestic call has the bias.
Ouch that is a large day to be on the wrong side. Actually my system was right but it had a programing error that revealed itself this morning. Not sure if that makes me feel any better.
Will update. The call stands.
Thursday, May 27, 2010
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I am biased partially short for Friday,...suspect we give back some of Thurs' gains. But the P/C ratio really firmed up throughout the day on Thurs,..reflecting a lot of fear,..so we may not give much back. Have a good evening. Jim P.
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