Sometimes I Love Being Right

March 16th, 2009

I guess my 76% chance of a one day reversal was a pretty accurate statement yesterday. Also, I had mentioned here on the blog earlier today that I was buying puts on the SPY (see previous post). From the chart below, you can see that after I sent out an alert to members - circled in BLUE - the markets quickly reversed course and ended the day down. My SPY puts are deep in the money. I think this chart speaks for itself…

 

spx11

  • Share/Bookmark

Comments are closed.