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Monday, April 05, 2004

The market continued up today. Dow up 85 points. I bought a couple OEX puts when it was up around 35. So I'm already losing money. Divergence and negative again today. Advance declines weak. How long can this go on? As long as it wants to I guess. I've got to believe that tomorrow will be a down day. The indicators are overbought off the charts! Some kind of pullback has got to take place. Or it doesn't. I will be happy at this point to break even or just lose a couple hundred. Looks like any pullback will be short-lived and it would be wise to dump these puts tomorrow. Will it just keep going up? I fucking hope not...

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