Monday, July 31, 2006


Last day of the month (not Friday as I said last week). Last day is usually pretty mild and moderate and this one is about right. I'm taking another day off and will be back to trading tomorrow - maybe.

Still holding INTC but that's all folks.

Update - saw the VIX turn around and I went fishing. Found ACI and rode it for a nice gain. Finally decided to sell INTC. No use in holding it - I can buy it back again if it starts to ascend.

Currently I am absolutely flat and that is probably a good way to be to start August.

A lot of pressure came off the VIX today - went from being 10 points under to only 6. Also lost some pressure from the up/down ratio - it returned to a neutral setting. The new 20 day highs still remain above 500 so that might mean a little rocky start to August.

We'll see.

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