Friday, December 26, 2008

Friday Notes - Five to Go

3:00pm And then there were five. Five calendar days to the ball drop. Three market days.

'Twas a light day at this end today at 180 contracts for just under a $1K chip gain by providing market liquidity on a couple of sequences as the market barely moved. Essentially, I gained the spread ... nothing more ... yet kept the ever-so-slight recent momentum heading in the right direction by ending the week in the green and avoiding having to update Tuesday's statistics to note a 3rd December week in the red.

Yet my interest remains on protecting the work of the first 361 days before closing the book for good on Wednesday. Certainly not a tough feat during the Holidays, but then again perhaps that's what Archie Karas was thinking as he was attempting to walk out the casino door with his bankroll before his mind-numbing demise. Strange things can and do happen. Lest we forget the Giants upsetting the Pats and the miracle helmet catch a year ago.

361 days down, 5 to go.

After that, we'll stop the recent brief lookback at 2008 and focus on the new road ahead.

You can bet your bottom dollar on that.

Please note I'll post the updated trailing stop data in the left hand margin rather than keep repeating it here.

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