Monday, July 14, 2008

Whiplash undermining Technicals

About 2 months ago, I had finally dug out of the hole I found my balance in after last Falls losses.
Then the most recent market whiplashes started and my balance has started to slide down again. Luckily not with the loud sonic boom of the last balance drop.

Every time I see what appears to be a solid technical setup, the market seems to do just the opposite.

So this month I'm trying not to look much at technicals and putting more of my available amount into high probability RUT iron condors.

With the Russell at 664, I am placing an order for

Sep08 750C/760C/560P/550P for $2.50


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