Cobra's Market View

I mentioned that there could be a bounce mid-day tomorrow, but another possibility is that the market turns down at the open. Either way, we should be going down into Thurs... but I do believe we bottom out on Thurs...

Well for those who are wondering, I ended up selling 1 of my two 575 calls for a loss of 500$. If $AAPL opens at or near 600 tomorrow, I'll have made around 16$ on the contract so around $1100 total instead of 3000+ if I hadn't chickened out

Still great all things considered... Let's hope it opens up there!!

TraderGirl wrote:I mentioned that there could be a bounce mid-day tomorrow, but another possibility is that the market turns down at the open. Either way, we should be going down into Thurs... but I do believe we bottom out on Thurs...

Btw, Tomorrow will have a big move. Data from a good source who said Monday 23rd will have a big move. A big move can be 15-20 points.