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August 10th, 2007 at 7:44 am
Sage: Sqwaking heads now say futures pointing to down open. I am flat as of yesterday, except for my long term holds (which have held up suprisingly well). It seems to me that buying index calls after the down open subsides, would be the plan today based on action the last week or two, and I will if that is how it plays out. But, is today different? If the down leg from yesterday looks to continue or accelerate, how do we get back in with puts? If expectations are priced in from the open, is it too late to play?
PS As a beginner, I am only trading with small $ committments, not taking big risks at all.
Thanks
Greg