We believe the market will now go up. Read our Dow projections very carefully today as we have hit each step of our last 7 day projections, and an upside would now typically occur, first up 300 points, then again another 200 points plus.
We won't know we have any upside bull move, however, until the market can close up 100 plus points in a day.
Hurricanes and fear of oil can dampen any play, but the high volume Tuesday showed a market that many believe was manipulated by traders to sell off oil puts and calls, and yesterday's struggle may have finished the downside.
At least, if history will repeat again, it has.
Calls were profitable yesterday for new traders that bought our OTM issue and played it tight. Otherwise, I've missed the downward move this week, and was early to the call. The market will potentially still surprise us.
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A recent Gallup poll showed that 42% of Americans would allow Sara Palin to be our President if McCain, aged 72, were to die.
Mrs. Palin has NEVER been in any part of Europe, China, Russia, South America. She may have been on a Caribbean cruise boat, but sorry, even considering that this lady could represent us to the world, and that votes have not dropped off, astounds old Floyd.
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