The bounce higher in the market this morning is not troubling to me. I've drawn a horizontal line below which approximates where I think the Russell broke down. I am re-entering my Russell puts at these levels.
And if you think I ever make speculations based on too little data, CNN has me beat. Here's a snapshot I took last night on CNN calling certain races based on 0% of precincts reporting. Now that's confidence! (Although I daresay it's not going out on a limb to predict McCain winning last night, but that's not the point).
