Classic market movement that show the ranges of our Dow projections. The market immediately opened to the downside, with futures obviously showing downturn, and we hit a theoretical Dow of 10,146, a zone we've seen before. But the market began retreating from this support line, directly moved upward. Holders of our put sold at up to 4.40, good profits from 3.75, and only risk holders will hold.
By 4 p.m. the market had moved down only 56 points, pointing to a bias to the upside
We've profited well from the call this week also, and only risk holders still may hold an OTM call for a bounce.
Dow Projections is my homework this weekend. I think I'm beginning to see a trend.
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