We are Watching a Market Literally Driven by Fear

The market hit highs of 9404, and lows of 8900, and our new buy to the call was profitable to 3.00 per contract. We're hitting on all cylinders.

We are watching a market literally driven by fear, and even a huge interest rate drop was unable to hold the market up near closing. Counts are skewed, options are extraordinarily expensive, and volatility is at massive extremes.

There is NO doubt that there is money to be made in this market, but there is also massive amounts of money available to lose. The market could easily have topped yesterday, and we will issue an alert to the put, noting the high risk, but on the assumption we may have another sell of and bottom test.

Floyd has no logic, or chart study, that will confirm what I believe will next occur. NO one does. I believe the market may soon be hitting a top, if it has not already, and that a large potential drop could easily occur in advance of the election next week. This is just my intuitive "gut" read of the massive volatility we are experiencing.

With gas prices low, Hummer sales may increase:)