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I am not keen on doing any more

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DragonBits Member Profile DragonBits  
Wednesday, August 01, 2012 3:25:21 PM
Re: Beerworld post# 2417 Post # of 7234 
I am not keen on doing any more trading today, it seems like puts and calls are priced for an event.

We had a mini event, now what? I think somewhat sideways for the rest of the day, but there is IMO since June a bull move up. I wouldn't be shocked if we touched the 141 SPY high at some point.

But since we are overbought on a daily chart, it is easy to tank for an hour or two.


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