Battle Of The Titans

UPDATE 2:20am EST: Well, we’ve been seeing higher highs and higher lows since the open – we filled the gap and have bounced back since then. This chart looks interesting:

While the Spiders are painting what could be interpreted as a bear flag the XLF’s channel is pointing down. Which side will win? I think we’ll know soon.

BTW, yes – this is a chapter of my rare edition book of evil market sorcery.

UPDATE 2:55 pm EST: LOL – we’re really not going anywhere today – feels like I’m spending the day at Six Flags. I’m going to break early for lunch and then kick back – don’t feel like watching this whipsaw much longer.

If you don’t hear from me for the rest of today don’t file an APB – I’m done for the week and feel like breaking early for the weekend. And yeah, I’m holding my puts into the weekend. As I said – it’s play money and there’s a good chance they’ll be worthless by Monday. But I had a good morning open and thus I permit myself a [small] roll of the dice – we’re not talking big money.

Good show again this week, rats! I’ll be in touch on Sunday with my notorious weekend forecast.

P.S.: As I’m tying this we’re actually in the plus on the NDX and the RUT. I told you guys today would be interesting.