Monday, October 8, 2007

THE WEEK BEFORE OPTIONS EXPIRATION

Usually there will be a counter-trend starting Wednesday or Thursday. Since we have been trending up the past few weeks, I would expect a pullback starting this week. Mondays and Tuesdays are usually when I take profits. In this case, I took profits last Friday. With this said, I'll be looking for SBU set-ups and initiate calls for next month.

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