the globex trade overnight fell below the key 840 cash and then rallied strongly on earnings from hp
oil and gold also trying to catch a bid
sold dow futres at 8250 and bought 8130
still short a nov 935 call hoping to go to zero from 7.4
bought a dec 840 put and sold 785 put for a cost of 20(5000) at yesterday's close looking for the 5th wave down to get below 815
tried to buy eminis at 841 but too slow
if the 1st hour looks strong, thinking time to cover more 401k shorts
on the stock front the tech sector clearly will be the feature of the day
watch put call ratio to see if people are selling or buying the early rally
if the last hour stays strong then time for a rally back to 900
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