Tippet; May I remind you I called the top on July the 16th,
In great BIG bold letters, with SHORT THE MARKET.
that's history.
But the trend my friend put on the breaks..AUG 11th. since
then it's not done any thing that can be called a trend.
We got to take out the lows of AUG 11th for the down
trend to still be in place. So far she has resisted that,
we could just as easy pass into a somewhat volatile,
but longer term flat period similar to what we had
from last OCT 27, to Jan 12th. Those kinds of times are
good at eating up premiums on both puts and calls.
If any thing you find you truly like buy half of it,
and write puts for another half, and sell calls on the
half you have. This is premium time..more interest there
than in the bond markets, if you have some good stocks
that are optional, 50% cash reservers tied up in writing
puts, and sell calls to top that off. If you don't got
that kind of faith you don't belong in the market,
it will eat you alive. It feeds on fear and greed, and it
don't care which one.
Jim
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