Study the REAL Facts

The text in this blog is taken from the daily alerts I send to subscribers of my OEX Options trading instruction service at OEX Options


The June 660C was available for up to .90 profits on Friday, extending our winning streak. Market moves down in the a.m. allowed traders to buy at best buy, and following our commentary to sell for tight profits, this was an easy and fast tight profit signal.

While Bush was in Israel and Saudi Arabia destroying our cultural relationships, Obama and McCain fought out the fear monger game, just now beginning again for this election, and our gun toters continue to falsely believe that we will have "peace and solution" in Iraq by 2013. Please study our candidates for this election carefully. More has been done to destroy our country in the last 8 years than many can even fathom, and we are a fat people nation driving SUV's at extreme risk.

U.S. Economy: Confidence Slumps, Single-Family Home Starts Fall

May 16 (Bloomberg) -- U.S. consumer confidence was the weakest this month since Jimmy Carter was president, and single- family home construction fell to a 17-year low in April.

The Reuters/University of Michigan preliminary index of consumer sentiment dropped to 59.5, compared with an average reading of 85.6 in 2007. Builders broke ground on 692,000 single-family homes at an annual rate, the Commerce Department said today in Washington.

Floyd-read carefully. Carter inherited the mess that made him "our worst President'. Our next President inherits this mess. Both messes were caused by Republican overspending, opposite of what most think Republicans do. Study the REAL facts.


May 16 (Bloomberg) -- Saudi Arabia, the world's largest oil exporter, will increase crude production next month in response to rising demand from its customers and a request by U.S. President George W. Bush to ease the strain of record prices.

The country will raise output by 300,000 barrels a day, or 3.3 percent, to 9.45 million barrels a day in June, Saudi Oil Minister Ali al-Naimi said in Riyadh today, following a meeting between Bush and Saudi Arabia's King Abdullah.

``The president has asked the Saudis to produce oil to meet demand,'' Tony Fratto, a White House spokesman, said in Riyadh after Naimi's remarks. ``He was reassured by the king that they have increased production as the market demands.''

Floyd-most fat Americans driving the SUV's believe that it is the Middle East causing our oil prices. It is not. It is Bush and his gamble on Iraq and the oil pipeline, and the floor traders on the stock exchanges that have chosen oil as the supply/demand commodity to "play". Few understand the real price of oil is driven by the floor traders, leading the oil companies to profits, led by a President whose Daddy is on the Board of two Saudi oil firms. Now he argues that the "liberals" won't let the U.S. use our domestic resources, exploiting and destroying our own environmental infrastructure, not admitting he failed with the Saudis,and that world consumption is increasing. The obvious answer is NOT more oil, but LESS dependence upon oil

All is not as it appears.

We're pleased the market has moved up for no real reason. It's helped us profit all of last week. We continue to see a larger potential for downside, triggered by any news or economic reports. There is still a possibility of euphoric upside. This is a market and public that wants things to improve.

They will not.

Lastly, in response to our new subscriber and his concerns on the market and how to trade using our system, a simply great email from P.C. in Germany:

"Ffloyd is going to be swamped by response to his request from Friday. We are all going to start with the same sentence... "I know exactly how you feel. I was there!". I have worked with Ffloyd now just on a year. I would class myself as an intermediate trader, making mistakes and progressing. Before joining Ffloyd I had a grounding in chart pattern trading, and stock options, so, I had the rudiments. All below applies to my journey to this point... and beyond.
• I read the manual written in plain English - to begin with I did not understand it. It was MY mind that was in Greek.
• The words "overwhelmed", "on my own", "no trade in yesterday's alert" show panic, fear - means manual scan-read this way. The more driven one is to need success, the slower the pace and smaller the steps need to be. It pays, it pays!!
• DO NOT trade money, not yet, not from that position, not in that state of mind. If you rush you will fail and you end up telling yourself "trading's not for me". When, of course it is - if you learn to think in it. Tom Dorsey was in this state!! Read his book - you cannot fail to feel power. Fear is eradicated by understanding.
• Do the Myers Briggs test, let Ffloyd help you find out how you see life - all we "Ffloyd Team" say it sooner or later - learning to trade is a journey through our own characters!!
• The manual is not a stock market operating manual, press these buttons in sequence and money pours out. It is a spectrum of experience and areas for users to concentrate on to develop their own skill. Read a book on how to play a violin, could you play it? Solution, step by step. Sit with the manual. Watch the videos. Take notes, ask questions step by step. You will get answers, they will be short but they will tell you everything - by steering you to think!
• The more questions you ask, the more you will see what you don't know, so you ask, repeat. When you think you know the manual and videos very well - is the time to read and watch again to see all the detail you missed - betya!!
• Go easy on yourself, patience, study, review. Despite yourself you will (I do) make mistakes. Record each success and failure and dissect them, concentrate on your biggest repeat errors. Be clear about WHY you did what you did, either way. Especially find out HOW and WHY you did not follow Ffloyd's recommended methods.
• It is not complicated. It is simply a broad subject with many elements. Work with Ffloyd to let him show you how to simplify not only trading the OEX but also the most complex element of it - you (me), (we).
• Ffloyd's objective is to teach, he passes on some expert tools but NONE of them can be used effectively until you learn to think when and how to use them.
• Read fellow subscibers' comments in the daily commentary. You will find yourself identifying with a fellow traveler at different levels as you go. You will be inspired by and rejoice in their progress, you will recognize the EFFORT they put in to get there. Soon you will look back to new traders who stand where you stand today and want to give them assurance - again, betya!
• Don't even begin to think such nonsense as "on my own" - we, your fellow students cheer each other on. I am sure I do not just speak for myself when I say that some of us owe more to Ffloyd than you can imagine. You are in the safest hands but the effort and study lie with you.
• I wish you ONLY success. It IS yours for the taking.
Hope you make use for some of them.

Regards

P.C./Germany