to initiate long positions here, albeit at a conservative pace.
We have hit the downside targets and while it occurred a couple of days early I have covered my long hedges.
The reason I am not jumping in with both feet is the simple fact that this correction did not bring forth a large amount of fear amongst investors and this could be the wild card for the current decline being a bit more than just an intermediate term correction. Time will tell and thus I will allocate my first 25% to long positions.
My apologies if this post jumps all over the place, but I have about 10 things going on at the same time right now.
Lets see what happens!
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