> Actually if Q drops to 33, I would consider upward steam ran out and lean toward short.
Looking at the chart, can see 33 would break the uptrend.
Have a couple of puts hoped to sell at 35, which seemed a natural pull back after the great run last week, but mother nasdaq is not cooperating with my plan. It just seemed to shrug off the monday morning plane crash.
Inventory the factors... money markets at 2%, mutual funds buying tech they puked in Oct, evil software empire selling more XP than expected, and of course, seasonally strong period for stocks.
Get the feeling there's many who want into this market, and saw monday morning as their chance.
So is the question, how hard will it be to break 40 this week?
> The problem is my brain is so dense, when the market condition changes it doesn't have the capacity to adapt quickly.
Brain density or emotional flexiblity? Does it require admission of a mistake, to quickly switch from bearishness to bullishness, because the market moved against one's outlook?
Or maybe the only mistake is to be holding puts after mondays action.
-Chris |
