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Tuesday, January 13, 2009

Turn around Tuesday?

Alcoa reported, their report wasn't great, but could have been worse.
Looking for a turn around Tuesday. This weekend is options expiration, expect high volatility into Monday.
If Tuesday ends lower, I will be dumping some of my loser positions by 25% of size.
As I go to bed, futures are looking higher, by nominal amounts.
Assuming the market turns up through Thursday, will lighten up into option expiration.

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