12/11 Total market view: "FXI weekly chart still looks like it could easily drop."

12/12 Daily: "Positioning was 120% long (not counting currency & commodity trades) coming into the week, and per Total market view could have had a quick reduction of 3 hedges on IWM as suggested near open and 1 FXI short on close based on the Q4P, taking total longs to 80%. with a partial hedge & short of -40%."

12/13 Daily: Held despite bounce. "...if FXI is visibly above DecP tomorrow then out."

12/14 Daily: Doubled up short. "Per yesterday's note, if market reacted negatively from yearly levels I mentioned taking gains on DIA. If out 1 then 100% long and the shorts & hedges adjust to for 60% net long. Adding 1 FXI short with Q4P and DecP resistance, below all daily MAs except D200, for -50% short and maintaining 150% exposure."

12/19 Daily: "1 FXI short (taking gains from later entry)" Oops.

IWM shorts were specifically recommended as a hedging trade to lock in equivalent number of earlier longs while not missing out on further upside (because buy stop above YR2 would take off hedge). FXI only short specifically recommended since 12/7.