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I concur. I'm lifting most of my shorts tomorrow around the open and
covering my bottoms.
As to going long: I'm watching 5 min charts for low risk entries.
This will obviously put implied vols out of the ballpark. So I will likely
consider lower risk outright longs or deep ITM calls for leverage instead of
OTM calls.
Be a tough liquidity spread tradeoff, though... and this would classify
first as a trade and not an investment.
Gitanshu
> Perhaps Friday will form the third hammer candlestick putting the final
blow into >this September downtrend.
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