No lack of confidence in DECK. Just keeping reality in check. At 77 my options were getting close to even. Im not in this game for even ;)
I think you are right, we will test the 88 top again. I dont think we have a meltdown to 61 like you are saying. But my 95 target by March OEX is probably going to be a struggle if 88 doesnt hold. Another $10+ sell off is in the cards on a break down of 88 if it doesnt hold the 20d SMA.