Meltdown Week

What a crazy week. Everything is down now:

USA	Longterm	Midterm	Shorterm
S&P500	Down	Down	Down
DJI	Down	Down	Down
Nasdaq Comp	Down	Down	Down
AMEX Natural Gas	Down	Down	Down
AMEX Oil	Down	Down	Down
AMEX Security Broker	Down	Down	Down
KBW Bank	Down	Down (-)	Down (-)
KBW Insurance	Down	Down	Down
PHLX Housing	Down	Down (-)	Down (-)
PHLX Shipping	Down	Down	Down
Sig Steel	Down	Down	Down
S&P Retail	Down	Down	Down
AMEX Biotech	Down (-)	Down (-)	Down
AMEX Airline	Down	Down (-)	Down

I was selling my put options from Monday to Friday. I didn't manage to earn a lot because many of my options are expiring this month and I just sold them when I break even or near break even. Too bad I got the direction right but not the time. Anyway, who can imagine the ferocity of the selling?

I have gotten out 2/3 of my put options by last Friday. I'm looking for a rebound now. If you go around the blogs, a lot of traders are looking for a rebound too. Hopefully I can reload my put options with this rebound.