Thursday, February 24, 2011

Take a deep breath

Market just did – nothing goes up or down in the straight line…I stand corrected – nothing goes down in the straight line…until the bottom falls off.


SPX 4 hours chart, Buy Countdown is in progress – and I am really tempted not to close my long puts on Friday (I always tend to step out of profitable trade way too early after witnessing even temporary devastation, I am a firm believer that “good trade has to be in green right away” – and, I leave a lot of money on the table when I cannot contain my “I love the sound of cash in the pocket” way of thinking.


For now – 1270 is my target – then I will reevaluate



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