$VIX spiked higher early on while FED was speaking and contradictory viewpoints by chief Bernanke and Governor Kohn confused participants and added to volatility.
Dollor Index coming off its lows, Gold down nearly $18, Oil under $100 as the day progressed and it seemed like market turning point. We added some positions to our Index trades and cashed out one AAPL trade for a swift swing 18.52 % profit.
2008 Project M .. TRADE # 23: AAPL
Mar 03, 2008 AAPL Buy Mar 120 Call $ 6.75 .. 1 Contract
Mar 04, 2008 AAPL Sell Mar 120 Call $ 8.00 .. 1 Contract
Time: 1 Day
Return: 18.52 % or $ 125.00
Account Value: $ 9,589.90
Have a great evening everyone.
Harry