Sold out of my longs and went short the Qs, Spy and IWM.
Took a pounding on my longs. What was I thinking? Oh yea, I was thinking that worldwide coordinated injection of a trillion dollars into banks might lift the market for more than a day. How silly of me. So much for that thesis.
I started worrying yesterday. Today was the key follow-through day and it's not happening so back to my original game plan of puts on the downside.
One thing about post 10/14 open is that it's a very consistent trade to the downside across the board.
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