Tuesday, July 01, 2008

July 1st morning update

Was kind of hoping that "rally" I expect would come without usual panic selling first, looks like I could not be more wrong - futures improved some, but still pointing to a rough open in financial markets.
If market will dive on the open and not recover by 11:30AM - 1:30PM I'll be getting out of some of long positions. And if rebound will not happen tomorrow - I'll be "gone in 60 seconds" back in cash.
May be (OIH) puts will finally start working
Widows maker market - had to take that "Brazil Vacation"...