Monday, November 12, 2007

The ultimate revenge...

Played the expected bounce in the morning. OEX 680 Nov calls it was, scraped 50% profit and is now completely out of Calls. No trades in the afternoon, for fear of selling into close and there it was. The market is still very weak, and no buy signals yet. Looks like it is heading for the August low. Don't leave positions overnight. Tomorrow's numbers are 681, 676 and 669. If you trade tomorrow, stay close to OEX 675 or 670 as much as possible to day trade both sides. It has to close above 676 to even consider leaving any long position overnight.

good luck

2c

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