Well the US market and its tame puppy the F enjoyed a pleasant afternoon while laughing at the unemployment numbers- life's good at the banks, plenty of cash and zero risk, so the great 'unwashed' can go hang!
My eager anticipation of a precipitous drop came to nought, as I knew it would deep down, I'm just having a tough time convincing myself that I am right quite often on combo's and shorts. Have to step up to the plate soon, or the small army of rabbits that share our home( mostly outdoors) will have to eat the lawn, or what's left of the lawn.
Expiry tomorrow and there is a lot of open interest on both calls and puts at 4400- be fascinating to see who wins that battle, on the basis that those are short option trades, so market makers won't want to be caught with them-watch for expiry at 4402, at 10.10 tomorrow morning.
Next week- need to see some combo action, and if we get a big up day on monday should be a great opportunity-the top may well be in at 4450-4500.
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