Friday, November 23, 2007

trading lower

Regardless of any rally today which may or may not stand up for the day, we can still expect a rally on Monday.
MY STRATEGY

If the market fails to hold today, then I will be selling my puts at the close, and rebuying them late Monday or early Tuesday

IF not, then I am still holding them as I am still expecting another sell off or continuation of it in the "C" wave to a NOv30th LOW.

Best Wishes
Jay

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