I'm also tempted at 8000 but i'm pretty convinced if we break through it we're going lower so why throw away good money, knowing you'll have to average down later. I'm trying to be patient to get a better price this time around, in the mean time i'll be playing short.
Dladden,I Cover 1/2 my put around 82.5 should have closed yesterday but any profit is good. Just add some calls now. what do you think? I think if market hold above 8000 for this week we shall see 9000 next week. I see support today here at 82.5 for intraday trade only. your opinion?
Watching the live charting, see the support at 82.5, even though I think we should be dropping much further, I covered my short on DIA and will look for a better entrance point before the big drop i see coming (ie down past 8000).