Just also wanted to post a quick thank you to all my fellow board denizens here. Although the Freepish Contra Indicator worked as I sold some puts only to see the market go down more, I did quite well in trading this week. . . a tremendous contrast to how I would've done, say, nine months ago. Much of that success is due to lessons I've learned from many of you, not to mention glomming off your chart reading skills when mine fail.
The FCI, by the way, is giving no clear signal, as I've sold most of my puts but still hold some. This probably allows for more downside, just to peeve me about what coulda been, but the FCI is so un-used to dealing with positions sold for profit that it's truly unclear <g>
Oh, and my one totally pointless observation of the day: the SOXX closed green, perhaps showing a minorly positive divergence as a bounce hint. But yeah, those lows are soooo close. . . .
the freep |
