Tuesday, September 27, 2005

Current position

The market is fluxuating around being flat this morning and the Q's are currently at $38.73. I'm still long the Oct. 39 puts at $0.55 (QQQVM) and they are trading at $0.60/$0.65. The RSI (5) is at $61.71 and yet the Q's are still drifting lower. I like the quick down moves and then a little move up to keep the RSI above the 30 level. This allows me to hold the profitable position longer being a signal to cover. Let the profits run!!!! Good trading!

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