Market Sense and Sentiment

[bbgold]

That is The question here
Especially when retesting the 100/320SMA as resistance. I think that the QQQ $29 Puts went to $1 on the uptick from 1.25 on the morning low and are now back to 1.10 x 1.15. A lot of movement with a tight spread compared to the DJX? My trading computer went down for most of the morning drop so I am not completely sure about the quotes. Puts could be picked up here with a move above the 100/320SMA holding Support as a stop loss and Calls could be held longer term using a breakdown of the LOD but that is JMHO. It all depends on ones personal risk tolerance and if wanting to hold for a longer term trade or just taking the quick out.
Good Trading Steve! :^)