Replies to post #12101 on Market Sense and Sentiment (MKTSS)

[RCKS]

Hey Bob, jdaasoc on Zeev's thread has posted that he is selling Calls and Puts on EXPE. He may be a great candidate for strategies on selling options.
In this market that we have had since early Feb, selling options is quite preferable to buying them because of the time erosion in sideways markets and all you have to do is take a look at the daily of the Dow to see this horizontal channel.
I think we get a little bump here but I am thinking today like Zeev in that he has us closing 12 down Compx and -30 on the Dow.
For now I need to remain patient and see if we test 1300. We will bounce from there I am sure but we'll see.
good trading Bob
steve