
Well, it's Friday once again, and the trading this week has been overwhelming to say the least. We have seen the upside trend continue to just over the 1250 mark on s&p futures, then settle down into a nice, cozy, warm-milk-and-cookies trading range of 1246 to 1249. Bust out the pillows, its going to be a long December cycle. Just look at MRF, still just sitting there in the corner, haplessly mulling over his massively profitable options position. It's as if he is thinking, "Another new porsche for Christmas? Maybe a Humvee? Nah, trip for the family to Belize for two weeks during the holidays, maybe even bring the dog too." But the reality of the situation is far more different than the dreams of veteran market makers. With order flow like this, the only paper brokers will be filling is the kind used for rolling doobies, in a van down by the river. Which is exactly where I will be this weekend anyway, so whats the loss really? Another highlight of the week has to be the selloff in the midwest weather. Last weekend 65 and sunny, mild breezes, and cloudless skies. This weekend, 15 degrees and 40 mph winds. Winter decides to slap around the midwest early on this year. But it pales in comparison to the pain of standing around the cboe floor, passing the time telling stories about how much paper people
used to trade in open outcry. However, it is friday, and that means two solid evenings of quality inebriation. So Enjoy!