Wednesday, November 19, 2008

R.C. Market Report 11.19

  • Tomorrow's Forecast: Calling for Bull (2nd attempt)
  • My new Calls were quickly stopped out by early weakness in the market. While I anticipated bullishness, market kept sliding down. My forecast was wrong and I failed to find good entry point for Put trades.
  • Tomorrow: I still remain optimistically bullish. I believe that the next money making opportunity is to the upside and I do not feel good about putting money into new Puts. Therefore, I will keep taking chances to the upside at proper entry points but I must respect stop loss levels. With option expiration in two days, a crazy fear-driven move to the upside wouldn't surprise me. Something of historic proportions perhaps?

No comments: