The last Friday was brutal. The market gapped down, and stayed down in a narrow trade range, and then in the last 30 minutes, it sold off.
I have to cut loss and sold 40 AAPL calls with $15000 loss. This weekend, the CNBC said there would be doozy of rally coming, and some experts are optimistic, I am scared though. That means the market is bottoming. So get ready to reload the position again. But this will be just a short term trade. I must get in and get out fast. Again, rumor is rumor. So still the TA is the best friend.
Monday's plan is as follows,
1. if the market gaps down at open, day trade AAPL.
2. if the market gaps up or flat at open, hold.
Seeking AAPL, RIM, and GOOG exit point during next week when one of them reaches:
DOW, 13400; SPX 1489; IXIC 2720; QQQQ, 53
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