We Traded Well on Monday

Subscribers often recommend books and movies to me, based on my soap box rants. Trader MF from California recommended the movie Eagle Eye recently, and I'll recommend it to you.

In it you'll see what I believe the Emperor has done in his 8 years of opening up the invasions of our personal privacy rights in the name of terrorism. The movie is exciting and great, but moreso, may help just a few of you to realize that each time another privacy law is broken we break our rights as citizens and we put trust in the few to lead the many.

I am a believer that neo conservatives tried to create a new world order this past 8 years, and that it thankfully has been aborted. I am one of those that believes conspiracies of intent are deeper than we think as citizens and that the few twist the fates of many. A good example is the 700 billion phantom dollars that were spent so quickly, yet now the banks themselves won't tell us where the money went, and credit remains tight.

As you take prudent risk, question authority, and always question intent. If a "few" seem to win, the game of black and white is being played, and you are the pawns.

Years ago at a Hindu ashram there was a Guru that was bothered by the stray cat at the ashram and he asked to have it tied to a pole during the meditations. This became the norm while this Guru lived, for over 40 years of meditative practice. The Guru died. But it had become such a common practice that within 100 years it became a religious ritual that a cat must have its tail tied to a pole during meditation. the stray cat had been "drawn" by many, was in many chronicles, and within 100 years it was a religious ritual that a cat must be tied to a pole during meditation for the meditation to be true and proper.

This is how ritual begins. This is how "fact" becomes "fact", by a situation that is later interpreted. Use this story in your study of the market.

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Pastor Rick Warren scares the liberals, as with his right wing religious views few liberals can understand why President Obama would choose him to "lead off". It's exactly the right thing to do, to stop the divisions in this country, and to allow all points of view to be tolerated, far from Emperor Bush and his "my way" thinking. We are one nation of people, now facing unemployment of up to 10% by government statistics, thusly 20% by Floydian facts.

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We traded well Monday. The January 420 put was available in early trading as low as 16.20,and sold to highs of 20.40 by early afternoon. Traders were also able to take a first buy on the January 460C at 1.50 on Monday.

We'll continue to trade both these signals. The market has held well 4 times at 8350, but this is a week of both sell off and buying, and no real good news. Take tight profits. The market moved bi-directionally with real strength on Monday, and we continue to see an upside run gaining potential