Dolldrums

Well, my office move is coming along. Divesting of a lot of stuff, just gave away a lot of furniture to a non-profit....doing what I can do to help others and not put stuff in the landfills.

Speaking of Landfills, there is a great company on Long Island (for those of you in the NYC area) called E-Scrap. They take anything (and I mean anything) that is "electrical". Old computers, wires, microwaves, monitors, disks, cables, steel, etc.....they grind it up, sort it and recycle the stuff. And it's FREE (well maybe a pickup charge). Much better way to go than throwing things away. E-Scrap, talk to Matt Skidell and tell where you got the lead (Jon from ATech/Adaptive).

I wish the market could be recycled. The best that I can say is that I've been learning a large dose of caution and holding neutral (i.e. net almost exactly zero) for the last week.

I went to a "class" by CBOE on Options. It was not a basic class. Taught by John Bittman (with help from Randy Fredericks of Schwab). I learned a lot. They are both outstanding. They (or at least John) does 6 classes a year around the country. Randy does great seminars at the Traders Expo and Schwabs Active Trader Workshops. And they are free....and in this case free does not mean that you get what you pay for. Even if you don't trade options (which I don't) boy do you learn a lot which translates into stock trading strategies.

One thing to be on the look out (according to John Bittman) is that the relationship of Intrinsic Value of the Index Options to the Historical Value suggests that we are in for a down leg. No time frame as to when but watch those support lines.

Finally......if you follow me here or on Twitter, PLEASE drop me a note via twitter or via a comment here....let me know if any of this is worthwhile to you. There are hundreds of people following me on twitter. I get a couple of new people per day. I have no idea why they bother, but I'd like to.

And another finally, in my little circle on twitter, discussion among us non-pros has pretty much dried up now that AlphaTrends and UpsideTrader went to premium (or maybe it's just a coincidence). I'd really love to engage in some spirited interchange among some of us non-pros. Not only do I learn but it really helps these slow volume doldrum days pass much more interestingly.