7,550 is the lowest we'll see on the DJIA in 2008/9. While I've always been hesitant to throw my guess alongside everyone elses', I truly believe we've established a market bottom. I do, however, believe we will re-test the low at least once before establishing the uptrend that will lead us out of this bear market. As such, I've sold DIA JUN 75 puts.
Sunday, December 21, 2008
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