Any long term investors ,wishing to buy some portfolio insurance, this area is as good as any.

I’m looking from here down to 30 in the SDS to nibble at some exposure.

Start small!

I have no idea which high will be the trad able high, however I do like where the Aussie went to

at the 94.30-40 area. Yes, I like how the board is shaping up but it could still take a couple more days.

We’ve reached some very good objectives. Can it go higher from here? Yes!

Bottom line…if you’re long a lot of equities this is a relatively good area to do some hedging.

You’re risk is to just below 30 in the SDS.