Need some of the
blogs thoughts and inputs on the gap up in oil. I
need to hedge (protect) my long term Oil / MLP retirement
income stock positions.
I believe oil gapped
up mainly due to a drop in the dollar???
Given that, should I
look at the oil and dollar charts, then
based on TAdecide
when to initiate a short hedges such as SMN or DUG.
What are your
entry thoughts based on the dollar or oil charts given all the
market turmoil? PS - I'm glad I closed out my SRS
positions! Thanks
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Oil Gap Up Question?
Posted by myboots on 20th of Sep 2008 at 11:05 am
Need some of the blogs thoughts and inputs on the gap up in oil. I need to hedge (protect) my long term Oil / MLP retirement income stock positions. I believe oil gapped up mainly due to a drop in the dollar??? Given that, should I look at the oil and dollar charts, then based on TAdecide when to initiate a short hedges such as SMN or DUG. What are your entry thoughts based on the dollar or oil charts given all the market turmoil? PS - I'm glad I closed out my SRS positions! Thanks