A rather directionless day today in quite a tight range.
It really was not even a good day for daytrading as the moves were very hard to gague and the consolidations were very unpredictable.
I did get a signal to buy Put options for the 3 day cycle account and that was done at the close today. I purchased the April 138 puts at 2.80.
Take a look also at the hourly chart below and you can see that the odds are really starting to favor a pullback of some sorts.
Really no change in my equity market opinion as we continue to wait in order to increase our exposure to stocks.
Thursday, April 3, 2008
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