3:09pm EDT: As Fujisan pointed out the other day – we’re not going anywhere until we break away from this damn sideways 880/930 channel we’ve been stuck in for the past three weeks:
My concern is that we are consolidating sideways here just like we did last month prior to the final push to the 930 high. Of course for us option traders this is pure hell unless you had the foresight to buy either spreads or butterflies.
Anyway, I have reached the point where I really don’t care anymore – even if my line gets breached. I actually almost look forward to it happening as I can’t stand the whipsaw or the theta burn anymore. However, I have found a great tool to train you rats for the current market conditions:
3:36pm EDT: Finally – last 30 minutes of this shit – can’t wait for the weekend.
The question of course is – which way is it goint to resolve?
3:53pm EDT: Alright – there it is – I’m out after taking another hit. Fuck – this was an expensive week for me.