Thursday, December 6, 2007

The Little Engine Did It!

The Little Engine not only got to the top of the hill, but down the hill and through the tunnel and out the other side. In fact, if I hadn't covered my puts at 1490, that damn train might have run me over!

Sold my XLF puts, but kept my TIE puts. So far, so good. Now I'm exposed going into tomorrow's jobs report, but I have to trust my thesis. I just can't walk away too far from the monitor until the jobs report is out in case I need to bail. If the tape gets ugly from the jobs number, I may collar my positions. Otherwise, it is time to ride the Santa Claus rally.

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