2X-Be-Me,
Sorry for late reply, I had a dinner meeting in Washington DC so I left early and could not answered in time yesterday. Un till we are closing above 41.25 possibility will be remain there. This price weakness is fundamental change, which I do not see there.
In market we are fully invested bears. How market will come down if there is no seller and for every seller there are 2 buyers. I think having bearish views we lost some great opportunity to make money. Now we all are stubborn that market should come down we will not change, but market will keep doing what it does best, it reflect the sentiment of majority participant and so far they are bullish. Mixing TA with FA does not work. Trader is looking from hours to few days. FA is looking few months to decades. How many of us here holding a position for 2 –3 decades? Problem is we go in a position for immediate reward but when it goes against us instead of taking loss we say ok it is temporary and it will come back when it does not we start giving it more time and in the end we lose it all, like we are losing in those puts. So lesson I learned is use a stop loss so I do not have to second judge myself
Farooq
I am short now from 41.75 stop 41.85 target 41.60.
