Utter Stupidity

"The market shows clear signs of increases to the 13,500 area, and we believe the worst is past. Much of the subprime situation is now resolved, the government actions have slowed the tide, and all charting indicators show signs of increases. We will be issuing more "buys" to the market on the recent upside."-Major brokerage, one week ago.

I love most the utter stupidity of our bankers and brokerages, always following lagging indicators and believing their own forecasts. At OEX we believe no indicators, and do not believe the market can be read beyond a 21 day period. And, we've been right.
Yesterday the June660P was available as low as 8.70, and sold to 15.50, following all of our rules. From our subscribers:

"I also am concerned about the wins with no losses. I decided to take a break for the last 2 trading sessions with no trades. Today I decided to try all the tools and before the market started I had an order in for 8.9, and 7.9 best price. I did not want to be a high risk trader when starting new. So the order for $8.9 got filled within seconds of market bell. I was looking at 11.9 and well past 11.9 now, filled. :) I feel like I started over instead of adding on to the past winning streak. Hope I can keep that in check. Thanks Floyd that was an easy 29 percent plus."TP

"I am sorry I write you so often with my dumb fears, Floyd. Everytime you tell me to go back and study the alert, and I get frustrated, and then I do, and sure enough, my questions are answered. I've put $21K in my account this week alone in profits. I've learned more from your trading style than any course I've ever taken in the market, and appreciate your private emails to me so much. I admire why you do this". -NPW

"Your forecasts are amazing. I hope this doesn't cause offence but I need to be self sufficient in due course. Would enrolling in the level 3 program help me achieve that goal ?
I do realise it is an art, but what happens if you decide to retire ?"
Floyd-Level 3 and Advanced Mentoring does one thing...makes you invest in time with me, so that I can work on you on managing you.

What's next? We think yesterday's crash may slow the euphoric upsurge. The bears are now "fully in charge". Thusly, we think upside may be near:)
In late trading yesterday we issued a first buy to the June 630C. Study our Dow projections very carefully.