I'm largely taking it easy still as August wanes, and I continue expect an important low is approaching. But while I want to have a solid line long once that occurs, I have no faith (thank god!) and no set scenario on how it should look.
I know pornography when I see it, but accounts remain largely hedged in the meantime. Lewd, Disgusting gains should then follow.
Total Position: Currently 1.43-to-1 net-long, 76% invested
Currently Long (according to size): EWS-Singapore (7.1%); OIL (7%); CRM (6.6%); EWZ-Brazil (5.6%); CXO (4.8%); TRW (4.4%); ISLN (4.3%); RJI (4%); ULTA (4%); FFIV (3.7%)
Currently Short: TWM-long (Russell-2000 2x's-short, reduced Thursday, 19.1%); DISH (5%)
Note: Inverse ETF currently weighted @1.65 x's
Futures: out of 15% October Crude long today, 74.63
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