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03/31/2008

Jumping Back In

My decision to exit my puts this morning turned out to be spot-on. IWM's pause at Fibonacci support was a picture-perfect exit.

However, we have traversed all the way from the 50% line to the 61.8% line, so I'm comfortable getting back in again. My other 65 positions have been happily sitting there. But once the IWM got to about 69.10 I felt it was safe to get back into the water. The graph below shows where I got out (the green circle) and where I re-entered (the red circle).

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