Until yesterday, my one and only aggressive position — that is, my only options position at all – – was DIA October puts. I was getting increasingly nervous about the massive, inverted head & shoulders pattern on the Dow, so during yesterday’s all-too-brief triple-digit tumble on the Dow, I decided to give my heart a break and sold off the entire position (red oval on the left of the chart below).
Thank God, too. As you can see, this morning the /YM has been a bottle rocket, and the neckline for the aforementioned bullish pattern was cracked (arrow).




