Thursday, July 30, 2009

Friday's call.

The call is to stay short. Not that it is working too well today.

Will trade spx at 1.25x.

Well I was obviously wrong about buyers waiting for more pullback. However that was just an opinion to support the systems position. The system is mechanical, and I follow it's calls....if I feel strongly that it may be wrong I only reduce the calls exposure. Hoping for some profit taking tomorrow.

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