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From the movement on financial counters and some heavy weights, it seems the market is starting to prepare for the year end Christmas Rally. Or we call it Year End Election Rally.
Hurray for my delta repair and decrease in volatility. I noticed some fast time decay lately and I am enjoying every moment of it.
It seemed I was right, only for two days. The market plummeted so quick, as quick as Obama losing the poll results to McCain after Sarah Palin's speech.
Sun, I forgot what you told me. The last movement before reversal is the largest.
Now, delta is going against me again. I am protecting the downside by rolling down to March 09 for some of the ETF, especially XLE and OIH.