This is my 8th post today. Enough is enough. I'm just here to say toodles until tomorrow morning.

It was (another) fantastic day. I'm not sure, but I think it was my best percentage gain ever in one day. I am very proud of nailing the low on the indexes today. I will be disappointed, of course, if we gap way lower tomorrow based on the unemployment figures, but at this point, I'm more inclined to wait for a bounce back to former support (now resistance) at 1261 on the S&P 500.

In any case, hearty congratulations to all of us bears out there. God knows we deserve it.

Since, lacking my charts, you probably don't have much to do, spend the next ten minutes watching this brilliant improvisation by Gilbert Gottfried. It's marvelous, although slightly NSFW.

It's an hour before the close. The $RUT is at very formidable support. I am perhaps going to take some index profits at these levels.

There are instances when a chart has fulfilled 90% of its potential, and to be on the safe side, I like to take profits. Take FLR as an example, which I closed about 15 seconds ago.

Could it go lower? Sure. But I'm up over 100% on the puts I bought on this, and the risk/reward is way too out of kilter for me to be comfortable. Look at how similar the recent activity is compared to the last time it bounced. So I'd rather cash out and risk being wrong by a buck or two. I'd suggest you consider doing the same when you examine your own positions.

The profits in my account are pretty mind-boggling today. With 1261 broken and commodities continuing to churn down, it's a green machine. I hope everyone is doing well; the readers on this blog tend to be bearish, so I think Slopers are having a dynamite day; congratulations!