Dow Jones update

After the Break of the Bear Flag, testing 10800, the sharp pull up to the bear flag resisitence and Boomz, a 170 pts downwards rush last nite........

2 scenario possible over the weekend

1. QE 3 in the talks.......mkt shortcover and later crash
2. QE 3 not in talks.......mkt retest lows and recover slowly

whatever that happen over Jackson Hole wyoming......long term i am bearish, i am looking at a good bear rally to load puts........


Position sizing is crucial......
cheers