Tuesday, July 7, 2009

Looking for /ES 840ish on a closing basis...

I'm looking for 840ish minimum on a closing basis over the next 2 days and will be looking for reasons to cover shorts. Ideally we will see a few of those abrupt, deep and relentless moves down into a flat line type affair that allows time to relax and assess before rushing to cover but I will play it as I see it when we get there. Hoping to fatten up my puts a little on a nice $VIX spike before picking them.

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