Bob this move is pretty dramatic and I edited the previous post where I was talking about TRIN on the NAZ. We almost went green on the NDX here but have fallen back now. I think in truth they don't want this to ramp too far but I was wrong yesterday I will probably be wrong today.
I agree the DOW options are high premiums that will erode some come Monday, that has been my experience in the past. I worry though that they really want to take this to at least 8000 and test the Intra-day Lows from last Sept.
I am standing aside for today. I need to sober up so to speak, I am still too mad at myself,
Good trading, steve
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