Just opened the zipper to "neutral" no raging bull yet, I would like a revisit of just the 1990/2010 area at least for the End of Year and January run to the targets above 2275. That would be a nice final 300 points run (we already had 350 run from the August low, so a mild retrench to alleviate some of the overbought would be quite healthy.) I may have to wait till Friday's Delta to rezip that suit (g). Sure looks as if the houses have a bunch of naked calls on their hand, and getting back under $38 might not be easy tomorrow and Friday. I got few OB's today, so cash was reduced a little to 50% (it was 60% just on Monday).
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