Sunday, March 15, 2009

Friday's Market Action

I'm still short - having done nothing on Friday.

This is expiration week; it's actually *triple witching* because options, futures on options, and a bunch of other stuff rolls over.

Talking heads who've nothing better to do, forever bleat that *expiration week is volatile*.

Is it now?

I don't care what any *researchers* assert.

In 13+ years of trading (half of that in equity option pits) I never noticed one iota of increased volatility during expiration week.

And note that there's almost no way this upcoming week could be more volatile than the previous two.

I have no directional prediction for the market - only hopes ↓↓↓↓.

See my previous trading update here.

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