To the core I'm bearish on this bubble and expecting a correction.
I think it will be swift and painful for many, but sideways action is what would be max pain for me...
Notice how no one is talking about the .gov running out of money and the imenent shut down ? Thats quite unusual for main stream fear monger media, no?
With that said...
The trend is still "in" and "buy the dip" is hard to ignore when it has payed and played out so consistently.
The trick will be to not get in too deep and to not let those previous gains go worthless when the dip doesn't rip...
On a side note, looking back on the day, NASDAQ #1 $ Loser would have been a sa-freakin-weet play today...
When it comes to options, %change isn't as important as $change.
OSIS 12/15 $80 puts open @ $.50 now $20+
U and I both know what they say about hind sight. Just tossing OSIS out there as an example. Sector reallocation, fed meetings, rig counts, natural disasters, whatever... When we find and lock in day trades like that one, everything else is just noise...
Aaaaannnddd... I'm done Ramblin on...
GL
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