Well we may see some strength, but it sure as heck will not be Monday.
Market Closed!
Actually, that could be the best market day for the week if Zeev is anywhere close to being correct.
His turnips are so accurate it is almost scary.
He is predicting the Feb massacre continues starting tomorrow. In advance, he called the "sell the Fed play", months in advance, as well as a JAN rally to 2850 also months in advance(to that precice number!). He called for a two day relief rally, this week, also in advance.
I should have totally stepped away from my PUTs.
Now, because of bad entries I am quite concerned.
Also a couple of people that called this mini-rally correctly think we keep going. Not happy about that prospect to say the least. Zeev is right about 85% of the time, but he can be wrong.
This is the worst I have felt in a month, although I am far far ahead of where I was 1 month ago, but not if we rally for 2 more days! Give me a small gap down that just keeps going down. I DOUBT THAT 95%!
We will get a fast (untradeable from a put standpoint) bounce off a down open, and I will have to decide what to do. I hate those decisions. Trading options for a point or two and then getting a reversal is pure torture. If my entries were better yesterday, I would not have as much a problem, as I really really do not think we take out yesterdays highs with all this bad news out there.
M |
