DI-

"When the Omen appeared in May I modeled my portfolio and then went down to a level of volatility I was comfortable with by selling into rallies and buying hedges. By the time the decline began my portfolio stood at .2X the volatility of the S&P with a portfolio yield double that of the S&P. Prior to the adjustment it was about .6X the S&P. That .2 is well within my comfort range for a Bear market and is about as defensive as I need to get. The performance of my portfolio since May accurately tracks the predicted performance of the model. I am content."

If you have previously explained it or it is so basic that I should know, sorry... but could you tell us how you measure the volatlity of your portfolio and what you do to reduce it?

erryl