Not even HPQ’s acquisition of COMS was enough to get the bulls running. They were too tired with 8 up days in a row. They just had to take a break…all that rallying can be tiring!
Stocks did try to move up in the morning, but the strength of the dollar was too much. You would think that a report stating another 500,000 people were laid off last week would be a downer, but the market rallied in the pre-market before running into the strong dollar. But now, how far do we go?
I tried to stay on the sidelines again, but the itch got to me. I had some mild success with the ES emini contract both up and down. My big winner was QQQQ puts which by a lot of luck I got in low and sold high all in about 60 minutes. For the S&P, that double top we talked about before seems to be working just like the books say. 
Looking for follow-thru on Friday the 13th. Watchout for ladders and black cats. 
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