It's almost comical. A market whipsaw every day. By early morning the market theoretical Dow low of 10,228 allowed our puts to advance and actually show a profit, but many traders will continue to hold this trade as a hedge for a deeper downside.
As always by 3 p.m. the plunge protection team entered in to soften the blow for a time, but we remain with our beginning of the week projections of vascillations around key support and resistance lines.
http://www.ft.com/cms/s/0/49639438-1b21-11df-953f-00144feab49a.html?nclick_check=1
Study our Dow projections very carefully and re-calculate S/R lines midday, and you'll see how we've been making money all week.
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