Siren Song / IPC
My longs are increasing my NAV, so why do I keep getting tempted by the siren song of Mexico’s IPC Futures. I last covered the ill fated attempt to short it at the 32200 level and was happy to have done away with it, as IPC proceeded to rally up to to today’s 33380. However the siren song of bearish IPC is so strong given the fractal shape that I am forced to keep looking for reversal patterns.
Mexico IPC exhibited a key reversal day, while rest of the Western global markets (including Bovespa) closed up.
By Andrew Shawn – Recursive Investments in Global Financial Markets
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