Fantastic Retracement!
Gorgeous! Sensational! Astounding!
The IWM fell today, magnificently nailing its 50% retracement level (smack dab in the middle of the two big Fibs). Breathtaking!
I sold my RUT puts near the end of the day, but I'm still holding onto my NDX and SPX puts. Like a total coward, I sold a block of IWM puts earlier today (at a profit, but a profit that would have been three times larger had I not wussed out). Anyway, it was a great day, and I'll do a post late tonight with my musings.
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