So Far So Good

The market averages are rounding over, there's not really any serious damage to the intraday charts so that's good. The U.S. Dollar Index is also looking like it' about to come apart so if the dollar falls around the same time the market pulls back toward today's lows (maybe beyond), we "should" see the intraday charts improve with positive divergences, "if" that is the case, then I would consider speculative size positions in one of the 4 averages like long a QQQ call and see if we can't make 50% in a day like Monday/Tuesday.

I feel pretty good about this theory and I feel pretty good about our ability to capitalize off the theory so it's up to the market, a move to the downside should occur quite a bit faster than the drift to the upside and timing wise, it leaves enough time for a bounce back to the upside and maybe even that SPX close we all have been looking for (which may be the reason we haven't seen it).

I'll keep you updated, this is definitely the time to be patient.

I wish the IWM puts yielded a bigger gain, but at least they gave a gain and a chance to establish them at better prices with less risk, I feel very good about where those were closed today, just like where the SPY calls were closed yesterday, I think our rhythm is locking in pretty tight with the market's flow in an incredibly unpredictable period.