Regarding the previous post concerning the $SPX SPY, keep your eye out for the trading range between the yellow lines on the chart below. Towards the end of the day, look for any level below 887 and buy some puts for protection.
I would buy some SPY JUL85 PUTS as insurance.
CLICK HERE for previous post.
CLICK CHART TO ENLARGE
Wednesday, May 13, 2009
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