I see, yeah when I was learning about options one of the main rules was to never trade in the morning. They havn't had their coffee yet.
Willy, off the cuff... I don't see todays action as a very good sign for the bulls, I was hoping for some capitulation this morning and I would have loaded up long. This smacks of a breather rally so the market has more room to go down.
Either way unless your well hedged or have very tight stops it would imo be a risky time to enter the market as it is too close to a 50% chance of up or down from here.
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