Double Bind
Sold out longs on Corn futures as entry proved ill timed. Corn futures sold off past 355 level and I closed out initial long position with a slight loss. Reduced longs on Nikkei as Hang Seng continues to show a bearish pattern. I will begin putting on a small short position again on the Hang Seng despite perception of an end to the current selloff. Current correction could either have reached its zenith or could be a nascent sell off to a larger correction. Will hedge bets with longs on Nikkei and Shorts on Hang Seng. Increasing position with whichever proves expedient.
By Andrew Shawn – Recursive Investments in Global Financial Markets
Financial Markets | RefCapGroup | 
February 4, 2010 6:09 am
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