Deja Vu And Repetition

To repeat from yesterday:

For now, there seems to be more work to do on the upside.  I see 1392-1400 as being a key area to be tested.  A great set up would be a magical levitation up to 1407, the 78.6% retracement, for a Bearish Gartley. 

Yesterday I dumped my SPY 137 calls to book the profits and then bought them back 15 minutes later.  Schizophrenic trading, yes.  But managing my risk in preparation for the next leg of the road trip Thursday and Friday.

Same plan today.  I continue to see higher.  Dumped the shorts I had on yesterday for a slim loss then dumped the 2nd tranche of SPY 137 calls for a 2X gain and bought SPY 139 calls 15 minutes later while adding new shorts after.  Deja vu.

CNBC just ran a story lead called The New Tech Paradigm.  Sounds way too much like The New Economy of 1999-2000.  Deja vu here, too.