More Capital Observations

  • The markets opening was met with put buying. That is much better than yesterday when calls were being bought.
  • I was bidding under the market for some Conoco Phillips (COP) but it got away from me.
  • Technology does not want to go down. Looks like I should have held on to eBay.
  • While I don't think this is over we could see a rally today.
  • That said, I am not playing for one.
  • A lot can change after the FOMC meeting.

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