I’m pissed I cashed out yesterday because there was a monster move in the indexes today. At the morning pricing at Rydex Funds I could’ve been staring at a > 6% gain in the RUT.

I did make back a significant amount of money in the RUT 810 calls though. This is a big deal. They were up over 400% today.

My calls in EBAY and ERTS were right on the money with the options up big if I would have held. Obviously the way I’m trading has some issues. I’m going to hone in on those problems this week.

I’m looking for some follow through in the morning and then a finish to the downside tomorrow, but who knows the retail numbers might just start us off bad to begin with.

I did take long in the index funds today. I keep pondering whether or not this has been just a correction or a the start of a trend change. I originally couldn’t think anything other than trend change, but now I’m starting to think it was a bottom ala February 2007. I can’t forget about CSCO making a 6 year high. Can the market go down when big tech names are zooming right now? I don’t think so either.

Thanks for reading

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