Monday, April 12, 2010

Even duller monday.. zzzzzzzzzzzz

More melt up. Have a buy tomorrow on the open for JAS, also have op. to get into AMD since its right at the buyin price a couple days ago 9.44, may try that. Market is overbought but its been overbought for many weeks now so what. I used to think the more weeks up, the higher the probability that it will come down... well, not if you believe in trend. the stronger the trend, the more probability the trend will continue.. not indefinitely but until it doesnt any more. The RL people have been saying dont go long here for several weeks now. they are waiting for that pullback. hmmm will it ever come? Will it come in time to save me from a margin call on TZA?? My Q 42 puts are so far gone, I don't even have hope for them. there would have to be a major attack on the usa or some such thing to cause this market to sink so low, so fast. ERX got out at the high, but it was either a bad tick or some strange huge order that happened right after the market closed. I had to adjust the ATR multiple so that it would still be long since that was bogus.

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