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Thursday, 03/16/2006 11:40:29 AM

Thursday, March 16, 2006 11:40:29 AM

Post# of 79026
Okay, I am seeing the DOW up .48%, the Nas up .26% and the NDX up .20%. You DON'T want the DOW leading at new market highs. So, I'm going to sell my calls on the Q's right now at about a .05 profit or so in anticipation of a pullback that I think is very obvious.


From now on, I'm going to start only posting trades on Spreads and Condors. I was making this Q call trade in anticipation of a major breakout on that monthly chart. But it's looking very suspicious now. The Fed meeting on March 28th might propel things a tad higher, but we are facing some major cyclical times through April that I don't want to be overly long in front of.

So, from now on I'm only going to focus on the most probable trades that actually make money - spreads.

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