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Strategies & Market Trends : Short Selling, Dark Side, Bubble Busting Laboratory

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To: orkrious who wrote (83)5/5/2005 2:58:40 AM
From: russwinter  Read Replies (1) of 361
 
In the last hour yesterday, I bought back the SPY put writes (May 114) that I had written against my May 119 long puts. Also bought COH June 30 puts at 2.35. Didn't do a lift on the QQQQ bear spread and may just let the 35's time decay. I'm now playing as if the conditions of the ABC pattern are fulfilled, see last paragraph:
Message 21280207
thus opening up the prospect for the next market break.

Thursday and Friday are key days and will see a bunch of TIOs going off, 14 on Thurs and 5 on Friday. The Fed has already pulled off on the repos, and another very large one of 13.5 expires today. For my trading, if less than half of this is replaced and there is no coupon pass, I will get even more aggressive on shorts and puts.
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