Range or Trend

Discussion in 'Trading' started by scriabinop23, Apr 1, 2008.

Where do we go from here? (S&P at 1370 as of this writing)

  1. Down we go from here. Just another day of irrational exuberance!

    4 vote(s)
  2. UP - The bull is beginning. Bears' day of free money is over.

    0 vote(s)
  1. Here's the poll.. we can refer to it next week.

    Do you think this was just another low volume short cover frenzy in the preparation for a likewise equal move down? Or preparation for a bull trend?

    Disclosure: Today I bought Jun JPM puts, a little LEH put for Apr, and some S&P puts for April. Not getting too attached; but I'm long some stuff (GOOG, DRYS, SIGM, USD(short JPY) ) to offset some of this overactive hedging.