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Strategies & Market Trends : Classic TA Workplace
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To: Jack of All Trades who wrote (133124)5/26/2006 6:48:34 PM
From: skinowski  Read Replies (2) of 209892
 
I think you are right. Started today buying puts which I sold a few days ago. SPX did very well, retracing in 3 days between 38 and 50% of the decline - but this is where some resistance should kick in. The reaction was nice and steady, with hardly any red bars on the hourly chart... but there is very little reason to get all bullish.
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