Marketgems Earnings Trader- Trading Strong or Weak Earnings Growth

[jenna]

"rally" derailed back to the charts! market nice two day gain, but now we back to capriciousness of the earnings season and the geopolitical situation and I want to be ready with a lotta cash for the next move TOMORROW. All 60 OEX calls ended up profitable after that rather large investment on 3/12. QLGC was great for 2 days and I never even held it overnight. Anything not dumped yesterday was sold today at profit (a couple of trades going the wrong way for minor losses like ZMH and ROOM) and now the puts are moving once again. What I figured was simple, if we were in an uptrend that was so strong for 12 sessions how come all the puts we had were profitable including 2 I gave up (a bunch of EBAY puts, and a small position in INTU puts).

On the other hand, the calls that were picked up on March 21 were finally profitable as well every last one of them. If all positions on the put side were so profitable then where was the uptrend and how strong is it? Its very scary that a trend can change course so quickly and confirms the strategy of being cautious and not leaving your profits in the hands of the "speech indicator" alone.

http://www.investorshub.com/boards/read_msg.asp?message_id=891396

....OEX and COMPX (charts) IS the downtrend that began 3/21 through 3/31 finally over? Is this continuation of the first rally? According to the charts its on the right track but almost anything can derail the course of this fledgling trend.