Tuesday, January 13, 2009

monday & tuesday

Was a little skiddish about monday. I sat on my hands until 10:00 and then till 10:30. Once we broke 4 days lows on s$p i went short the fininacials. Most gains were made on GS and Skf. Made some really stupid trades in the afternoon and was stopped out due to short covering

For tuesday will wait for 10:30 to see if we have an inside day or another trend day.

I am still looking for rally into friday for option expiration.

We are the bottom of trading channel on most indices.

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