Today or tomorrow historically may show a market low. Yesterday, historically, would have showed a market move up. Thusly the market low may have occurred yesterday, as the market moved to 8380 as a low, near where we think the bottom is. Our OTM puts were profitable to .70, but only for traders willing to pay above prior day close.
We have two buys in the call, and will hold.
For any of you that watched Emperor Bush in his final news conference, or that did not watch it, take the time to review this. Everything that is wrong was outlined in this man's arrogance.
There is nothing but bad news at this juncture, and the world now lives in fear. This week will have many reduced earnings from corporations, and may continue downslide, although we see a shifting market around the inauguration.
We are profitable at OEX Options because we trade only the short term, not the longer term, and because we do not believe most facts. What Floyd has called "false facts" for years is now a sad and truthful reality.
President Obama will have a short window of time to create faith and order. With unemployment at all time highs, and only worsening, each sector can be hurt. And if oil falls further, it is bad news, not good.
Amidst this all Floyd continues to believe we will have two way swings, with upside remaining a short term potential.
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Floydian Therapy:
If we are not happy, we must know why. Most people spend their lives doing what they do not want, and wonder why they are unhappy. The key psychological question I ask of clients is this: What do you want?
Most answer with "things" or possessions, a simplistic answer that breeds the "I want what I want when I want it" thinking, and leads to possessions, which really make no one happy.
A man came to me years ago and I asked this question. He was a 40 year highly successful engineer in industrial plastics, married, no kids. His wife worked. After months of therapy my "what do you want" question led to a "real answer"...I want to be a guy that sells lawn chairs and stuff on a beach, and to work on the beach all day. "I want to be a beachcomber."
As you can imagine this was radical, hard on his thinking, and most likely something he would never do.
Thusly, I asked two questions:
1. Why can you not do what you want?
2. Why is this what you want?
Why do you do things that you do not want to do?
Join me if you are interested in Private Counseling with Floydian Therapy:
Write me at : floydiantherapy@gmail.com
Sign up at: http://www.oexoptions.com/pages/FloydianTherapy.html
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