5/13 Trading

Sold GOOG options carried over from yestoday at 3. Missed the top 3.4. Anyway, profit is good.

Missed chances to trade QQQQ MAY 35 calls and MAY 37 PUTS. The trend is very clear. Missed some very big profit here.

Next week, I expect market up.

the only reason market is down is that people uncertain about the economy. I don't think the economy is weak yet. Just like beginning of last year people also worried about economy "soft patch". And if economy shows strong sign again, oil and materials will get strong. So I expect the oil to up with market which is a different scienario in the first half of 2005.

EUR break down again. It dropped to 1.26 level. This is a major trend reverse. I expect it down to 1.23 level to get meaningful rebounce.