Traders Playground

.selling swing GM at 2.14 and 1/2 +GMDW at .30-.29 I am exiting the stock and options position entered into GM when the stock was 1.90 profiting on the stock stake and more or less flat on the options, I wish to reduce the 4X oversized exposure on options down to a 2X oversized exposure. I was considering selling the full CALLS stake but decided to cancel half the sell just for a little while. According to my formulas multiday negatives are clearing on the dow here. If the dow passes into 8k area then I may have to reenter a more bullish stance but now according to my formulas a pul back into next week should be seen despite the tern of face by the talking heads on tv now all for the first time terming bullish. I see that as a more bearish sign than any other technical indicator could ever be hehehe.