Wednesday, March 11, 2009

Daily comment

The market started with bullish run, but failed to sustain. Overall the market is sideway as expected.

SPX stayed at around 720, a level of resistance. To sustain the rally, SPX needs to stay above 715 tomorrow. I am neutral-biased for one day, but I think the market might fall again next week. Lets see what happens tomorrow and we will devise the plan.

The calendar position looks well. I should give myself a good score for "sideway" expectation.

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