Market Sense and Sentiment

[bbgold]

Hi Leapyear, I am beginning to think that the markets will more closely mirror what happened with them last year and we will start to see the selloff sometime in January. I am definitely not going to jump into any Puts right away though. I had pretty good timing this morning closing out my VZ $50 Puts at the open. I will probably be looking at them for another entry though. We are already seeing upside resistance in the markets right now but so far the support has been there also. Once the trend is confirmed in Either direction then I think that I will start looking at some options. It seems a bit risky right now to decide which direction the markets will Definitely take. I would tend to say "Short term Up, Long term Down". Just my humble opinion though. Good Luck Leapyear! :^)