Thursday, August 30, 2007

You don't need a conspiracy to see that the markets are falling. I'm playing the 50-day ema downtrend on SPY. I sold a number of calls last week and more today. I'm still bullish on the Q's. In fact, I think the real money is made here long Q's short SPY on a 75/25 split on full margin. Close that in January and everyone will think you're a genius.