You can make your life or you can break it - its very important to choose the right options!! Disclaimer : You should do your own homework and you are responsible for your own decisions. This blog is means for me to share my viewpoint and for my record-keeping. Remember,Market operates on FEAR, HOPE & GREED!! Lessons from 2009- "Buy early when others are still negative, and sell early when other are still positive".
Thursday, October 7, 2010
Flip Flop again...
Yesterday energy, precious metals were getting bids and today they silently sold off on heavy volume while the overall indexes didn't move much at all. It looks like regardless of tomorrow's report, the precious metals market is positioned to correct and dollar may rally to counter the correction or vice versa, i.e., the dollar may rally and the precious metals market corrects because of that... The correction could easily spill over into copper and other metal plays... heck the whole market could come down as a result... Wait and watch... Meantime, I bought put spread on QQQQ and am hoping for a jolt down before the market heads back up... Overall though the market still has room to run on the upside so am kinda kicking myself for this half-ass conviction on my existing put position on the Qs.