so i was feeling ok going long as soon as the announcement of the treasury secretary
of course i kept getting out and getting longagain on the way up with the last sale at 799-797
had i believed in trending friday late day high the frustration of scalping would have gone away
at the close sold a Dec 850 call and bought an emini at 794
if the action on Friday was another small 4th wave before another 75-100 points down to 725-700, then monday's globex and regular trade better stay under 819-835 hourly
key support still around 785/780/770/758/753 and 741.80 hourly
http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID3095409
otherwise a rally to much higher levels than i can even imagine is underway
in case it is "otherwise" i sold more of the inverse nazdaq 401k fund
mostly in the RUT 2000 inverse with an eye towards going all to cash by late november early december
seasonally november, december and january are strong due to tax flows and year end rebalancing that we mean demand for some stocks that are working should increase
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