I can’t say that I’m surprised to see a move like we saw near the close. Option Expiration brings out the best in both bulls and bears, and today the bears got manhandled.
I was a little more active in my trading today, and am starting to see encouraging signs in the market. I’m looking forward to going through charts this weekend to find a few sleeper plays, they are out there.
This is the point where coin is to be banked at an egregious rate. Now, anything can still happen over the weekend, but so far I like what I see.
Make sure you come check Chess and I out in The Pelican room, if you have yet to join, this is your chance to step up to the plate. I have a feeling there will be some great trades to be had in the near future.
Off for a few drinks.
2 Responses to Bears Caught Sleeping
… love ya man, but I sincerely doubt there were ANY “bears” … that were “caught sleeping” !
Didn’t happen !
Great headline though … what with Bears being known for hibernating and the “sleeping” reference and all !
Good to see you on this side Alf. What are your positions like, short here? cash?