Monday, November 17, 2008

Downward Momentum? Just Down

The NASDAQ is gaping down this morning (is anyone surprised after Friday's sell off?). It looks as if it is going to test the lows again. I don't know if it will find support or find anyone to rally it this time.

I am going to wait to jump into the market--wait and see approach. Watch price action and see what it tells me for the week. I'll start posting some of the setups I find, and more details of which options I am trading and why.