Financial history doesn't repeat itself, but it often rhymes. You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.

J. P. Morgan

"Sell down to your sleeping point"

Friday, January 16, 2009

We are past the resistance from yesterday....


Curious to see if we will hold up beyond the first 30 minutes..

Mean reversion means that "Puts" that are "in the money" at the open, tend to be "out of the money" by the close on bearish items. And Calls "in the money" at the open, Tend to be "out of the money, at the close.

after the past 2 weeks, One could suggest there are more Puts than calls.

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