Monday, 27 April 2009

Wet Monday part deux

Sold some 4300 May Calls at 42. Market went positive, so thinking that I have no idea where we're headed next, I have a half portion.
Looks like this is another key level, but conflicting data from the various indices.
The Dow was a terrific pivot play completely wrongfooting the system that says you go short if price opens below central pivot-well it opened below S1 smashed up through that and through the pivot- over 100 points in the first hour or so. Looks like the money trucks are being backed up to the loading bays at the stock exchanges!
My mantra is : "Do not fight the infinite wallet of bad government" It will end in tears -every government messes things up, but they can buy for a lot longer than we can stay short.
I'm still trying to make up a joke with the punchline about the bank that broke the man from Monte Carlo. The simple pleasures keep me amused.

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