tueday - mmmm...., page-19

You guys are worrying me - theres no hysteria!! No buy the dipper saying this is the last chance to get in on the rally before it hits a new high! No bear predicting a new low! Whats happened to this thread?? this new bunch of traders way too cool.. grumble grumble .. I'll give em what for just as soon as I gets me teeth in..

anyway, we've hit the jan high in way overbought condition with major resistances just ahead during options expiry week (where puts outnumber calls by quite a margin)so the market rolls over as expected. Confirmation of a new downtrend of at least several week duration depends on the 20dma for bollinger boys and girls, and the 50dma for the rest of us. I took profits Friday and Monday but now what? I'd probably take out a few puts cept it is options expiry week with big time decay and the big boys are playing cat'n'mouse or hide the sausage or something ... so I'll probably just do something else .. cheers!