Wednesday, 28 July 2010

No downside risk

Closed out my short put spread so I have upside risk above 5466, but with a few bizarre possibilities from planetary alignments to rubbish job numbers(even though they are fudged) to a global catastrophe or some nutcase with a bomb, I do not think it prudent to be long for now.
Having now seen most of 'Floored' the film about pit traders in chicago, I know I am not alone inbeing baffled by the market since mar 2009, but like some of them it's a case of adapt or die.
Well I'm still here.

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