Caveat Emptor - Market Down 250 pts. (Updated 03/31/09)

03-30-03 - This is a low volume sell off. It might pick up steam but this market has been so volatile and my profits were so good this morning I gave covered most of my short positions. The ES is trying to make new lows for the day as of this writing. I am sure there were a ton of stops just below 778.50. We could see a quick snap back rally after hitting these stops. Quarter end is tomorrow and I expect the market to make every effort to make it up as high as possible before resuming the downtrend in April.

03-31-09 - Yep....unwound the calls on my straddle today. Man it's great when you can leg out of positions and make money on both sides

It's Not Just Me - Monday Morning Call

Seems the pros are concerned the recent run up in the market is getting way ahead of itself!

"Morgan Stanley Says Sell Best S&P 500 Rally Since ’38 "

The Bottom?

03/22/08 - Over the past (whole week), I have been amazed how many professional advisers / traders are touting we have bottomed. I am in the X-Trader camp. Does this chart look like a bottom you you?