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I AM GOING TO GO OUT ON A LIMB HERE AND SAY THAT WE HAVE SEEN THE LOWS
OF THE DAY. I SEE SUPPORT AT THE 50 DAY MA IN THE 941 AREA, WE CAME
PRETTY CLOSE TO THAT. I WOULD NOT WANT TO BE HOLDING SHORTS, AS MOST OF
THE BLOODLETTING SEEMED TO HAVE HAPPENED IMMEDIATELY ON THE OPEN. IF
YOU GUYS WITH REAL-TIME QUOTES WILL NOTICE, WE ARE WELL OFF THE LOWS FOR
MOST STOCKS. THOSE SHORTING AT THE OPEN PROBABLY GOT HURT IN MOST
INSTANCES, OR PULLED OUT A MINISCULE GAIN, NOT WORTH THE RISK. I AM
HOLDING LONGS.
ARE YOU CASHING IN THE PUTS AND REVERSING, OR REMAINING FLAT?
ANY FEEDBACK IS APPRECIATED, AND OF COURSE MY INTUITION WITH THIS MOVE
COULD BE WRONG!
REGARDS.
MARK :-)
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