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Re: sammy1024 post# 3442

Friday, 09/01/2006 1:40:17 PM

Friday, September 01, 2006 1:40:17 PM

Post# of 31925
to switch over now would be a bit late, this rally is over done, and is pretty close to a top if not already there
september is historically a bad month for the market, indicators are showing we are overbought, and stats show the economy isn't doing well while inflation is still increasing, while I find it hard to believe pokersam's view of 15-18, I can see why he believes it and I believe untill this rally pulls back to retest 35.50 area its nothing more than a bounce, the potential upside and % chance of going up are out weighed by potential downside and better chance of going down, once in the 35's I will have to examine my thinking, and will probably play options both ways with a put spread and calls, but for right now, its time to open up straight puts

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