Finally!

I just got back – looks like I missed out on a glorious day. Actually I wasted one hour standing in line to apply for a passport. Then they told me that I have to send in my citizenship certificate. NO WAY I’m doing this unless I have a notarized copy of the original. Can you imagine the red tape nightmare if it gets lost in the mail?

It was a nice ceremony though – can you believe over 6000 people attended it? There was basically a sea of people taking the oath – almost surreal. Anyway, I will put up some pictures later.

Back to business – it seems the green scenario might be in the making here as this was quite a retracement. We are right at the 38.8% fib line but should keep dropping here soon if this one is playing out.

Let me get my bearings straight – I basically walked in here 10 minutes ago – need to check my charts.

UPDATE 3:24pm EST: I was almost shaking when pulling up XLU – I forgot to grab it this morning and I was prepared to see it have run away from me.

Looks like I missed out on a great entry but it’s still a viable entry, so I’m grabbing some puts here. Probably some OTM March or June puts – sometimes this one makes you wait.

BTW, I just skimmed through the previous discussion thread and must say that I’m proud of you guys. Dozens of great comments with substance – I’m very excited to see that this blog doesn’t fall apart when I’m gone, which speaks for the quality of our members. You know I can be really tough on people – must be my German upbringing. But I also believe in giving credit where credit is due and you guys kicked ass today. Congrats!

UPDATE 3:52pm EST: Buying Feb puts on AAPL, which wants to be at 80.

UPDATE 4:04pm EST: You guys cannot believe how frustrated I am. There were tons of great entries I missed out on today and I had to get into AAPL and XLU at less then ideal entries – couldn’t get filled with NVDA – bid/ask too nasty and not enough time to wear out the MM.

Well, it could have been worse – I could have been scheduled for the day the market decides to crash. But I missed out on a lot of potential short plays, so I feel a bit prickly right now.

However – I guess a U.S. citizenship is worth a few lost SPX points – so I’ll get over it 😉