Thursday, March 12, 2009

Target made...

Well, we made the first target and then some. I have layered in most of my short position with a mix of MAR, APR, and MAY puts. I have left a little in case we head to my red dot (77.18) by Tuesday. The other red dot represents us bouncing around this area until about 3/25 before starting wave 5.

We could start wave 5 down to the low 600's at almost any time between now and the 25th. My preference is immediately since I am in PUTS :)

Lets start dropping tomorrow, afterall we have a rising wedge.