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Strategies & Market Trends : Waiting for the big Kahuna

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To: HammerHead who wrote (86959)4/2/2009 1:38:19 PM
From: GROUND ZERO™  Read Replies (1) of 94695
 
Yeah, you're right about that, it's probably the weakest right now... not yet, I'm waiting for 858.20 or so before I start selling or writing calls... it may not get there today, but I expect to see much higher markets before long anyhow, so I'm pretty comfortable with my positions here... the banking group probably got ahead of itself... C and BAC are both still slightly up for the moment, I think the rally will still continue, we're still pretty much oversold right now after the last 55 point SP pull back...

GZ
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