The more pessimism and disbelief you read out there, the better it is if you are long. That is just how the markets work. I am not seeing that much pessimism in index options, but you never know what can happen when all those call sellers have to cover. They thought it was easy money, but it might not be the case. Could we actually get a reverse scenario from the terrible beating put sellers got in May? Time will tell. Let your winners ride is still the rule, just watch the charts and the levels I have written about. They are key.
This entry was posted
on Thursday, June 29, 2006 at 3:53 PM.
