So far so good [edit] errr they will be writing about this shit for days in history books

taking a few puts off the table here...just want to be a little protective...we are approaching that trendline again so watch it carefully

EDIT 12.46 EST OKAY first test of resistance held so far...rumors abound of short squeezes in names like C BAC AIG and other financials...xlf took out last thursdays high but has rolled over a little...the trendline also held the first test so this truly is a battle

EDIT: 1:20 EST cautiously dipped my toe in short xlf...still running pretty light and glad i took some off the table this morning...I think if we break 778 or 78.3 area on spy we run to 800-808 max then rollover...

I think a lot of the action in financials has to do with short squeeze and re-hypothication of shares...I might be a early shorting these guys but again its small and i am willing to add as the time goes on...

EDIT 1.43 EST: well there she goes on decent volume...if we keep going i will likely add back the puts i sold in the AM at the close

many many calls getting bid AGAIN...CPC at .7 right now (have to convert chart to line to mean a damn thing...or you can look at top right corner where it says "last")

EDIT: 2:00 EST: wow AIG hearing getting good...signs that say crooks and threats in letters...i condone no threats but seriously what do you expect...the arrogance of TPTB in this whole matter is despicable...it is no wonder BLARNEY frank speaks loudly against the threats...If TSHTF BLARNEY would be top 5 on many people's lists i would imagine....

EDIT: bought back 1/2 of the puts i sold this am back right now on this fed crap...

EDIT 2.24 EST I am selling this more...one we are now insanely overbought

and for two this market is heavily levered long as seen by put/call...i aint tripping i am bidding (puts)...PS fuck you bernanke...this whole thing is one giant clusterfuck and there must be something more to this

edit 2.38 est...OKAY I GOT A NICE SHORT POSITION BUILT IN APRIL AND MAY PUTS ACROSS THE SPECTRUM...BRING IT ON BENNY...