Market Sense and Sentiment

[was Steve]

Well market didn't hit my 32.0 limit on calls for hedge and i refuse to chase as i see this bounce limited to 320ma range on indexes. could be about 12 spx points which is a fine trade if you can get good entry and exit. So now the test is can indexes get above the 20 ma and head up to 320 for failure in 2-230 window for a put entry to be held overnight. I hope so (ggg)
s
as long as rally here doesnt get carried away there is a good likelihood as bb pointed out that we should close at or near lows of the day.
s