I agree. I am not a technician, but I fully accept that retesting the lows might happen. We don’t know if all the CHF pain is over. There might be more players still liquidating. My strategy dictates that I must have a position here, so that I don’t miss the value. But if it goes to the lows again – all the better – I would add there.
CIO, HonTe Investments. Ran global macro at JPM. Yahoo! Finance Contributor. Ph.D. in Mathematics. Author, The Next Perfect Trade. No investment advice.
