Sunday, December 21, 2008

THE BOTTOM: I'M CALLING IT.

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.



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