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Tuesday, January 12, 2010

Market Thought... hmmmm

Reviewing the scenario, I can see how the market declines to the 62SMA, assuming names continue to decline. But again, certain internals do not suggest a big decline.

I will post a more detail description later, with charts. For now, here is how I am playing this thing:

I am maintaining my protection, for now, including the market puts and sold calls. But, and this is a BIG 'but', I added to the GOOG calls. And am strongly considering 165 April GS calls.

Side note: Loving the action in IBM today.

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