Sp'60min
Summary
....still seeking a bounce into the 1290s, which right now seems not possible until early Tuesday. At some point....we're going to break higher and stop out a lot of bears. Even if its just for 2-4 hours, the bounce could easily be in the style of last Thursday - where we jumped 20pts off the floor in just a few hours.
*picked up a index-call block just earlier. Considering the cycle and price...this doesn't look too bad an entry for a 4-8 hour hold - probably into early Tuesday.
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Ohh, and its another great day for Facebook...
More later!