The range...

So the Dow is stuck between 10,600 and 11,200 roughly. I've been tagging puts at 11,200ish and riding down because I believe the eventual market is a bear. I've been doing pretty well at it, but could of course be doing better. Either way, I'm whooping the S&P.

What's the outlook? If the Dow breaks 10,600 downward, we're looking at a serious bear. Over 11,200? Intermediate bull, but likely to be just the last wave upward... Keep your eyes open!

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