Thursday, February 26, 2009

Plan

Only add IYF and IYR puts (around 0.5-1) when market rallies.
  1. 2K each.
  2. xTrends can be wrong, like in Dec. But it's likely this time he is right.
  3. Don't be too greedy, using ATM or near ITM puts.
  4. Avoid day trader pattern.
  5. Another one, I said many times before, it's AZO. So far it's good. Maybe April's put, around 2, 2K.
  6. SRS puts are OK too, but see if it allows me.
  7. FD, keep it for another rally.
  8. The Oct. 1987 pattern may not play out. But this week's pattern is similar, tomorrow need to close down. If close up, all bets are off. So it's wise for me to add near the close; or if there is a decent rally like today, I can add.
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