Quote from marketsurfer:
sitting here totally snowed in at the surfer shack awaiting the snow crew to dig us out. i am going to be putting some surf guitar classics on the cd jukebox and broadcasting to the outdoor "boulder" speakers that are now under about 36 inches of snow. i will find out if they are truly waterproof ! 
my weekend research indicates an extremely high probability of an upmove in the indexes this week. to be proactive and attempt to catch the most of this pending upwave, i am lowering the upper channel figure in the DJIA from 8003 to 7957. all other figures remain the same.
best,
snowed in surfer
surf.. continuing to enjoy your 'journal'.
I am also of the opinion that we go higher. And in fact I indicated this to certain trader/investor friends about two weeks ago that we should look for a (potential) rally during this (post) full-moon, valentines' day segment.
Interestingly enough Todd Harrison who had jumped into his bull costume with 50% conviction and was long S & Ps... indicated on Friday he bought 830 puts on SPX near the close. Of course it wouldn't take much for him to convert into (wide) bull spreads.
I have closed most front calls keeping the put side of my strangles. Also entered some defined risk in April calls (at 807 SPX) as mentioned in chat (will likely sell more march against on any sizeable move). And have some stock (small size) in qlgc, bby, mrk and a couple other names from lower levels, looking for a few more ticks. Of course, expiry arbitrage will obviously be a factor this week and could keep a lid on certain issues.
But IF the market rallies as we think it might... this would (luckily) turn out to be a great month for moi.
G'luck to you and all brother ETs, this coming week.
Ice
p.s. Chicago predicted to see low 40s this week; so maybe that will inspire traders here to get more st bullish!
i might have to put some on if i go out tonight, but i hate to wear socks with sandals - too touristy!