shorting into option expiry, page-89

I dont know if I can agree with bulls yet, technically there is some negative divergence on the dow daily (I assume on our index aswell but charts arent working for me)and fundamentally (blasphemy on this thread sometimes!) there is still a lot of bad news to filter through to the markets from the crises which I think is far from over, bad news like the after hour closure of four banks in the US last night (see http://www.marketwatch.com/ for details.) Also to get closure on long term bear I feel we need to retest the the March 9 low at some point in the not to distant future.

On a different note, dont know if anyone mentioned this when it happened I was just doing some research and I found this, its one of the best stories I have heard for a while. This 37 year old hedge fund manager, who made over 1000% on his fund in 2007 quit in 2008 after he made a load by shorting the market before the subprime, and when he quit he wrote this retirement letter, its very interesting and funny: http://www.ft.com/cms/s/0/128d399a-9c75-11dd-a42e-000077b07658.html