Today or tomorrow historically may show a market high. This may have been reached with the recent upturn. Read our Dow Projections carefully.
Today was a good roller coaster. Our trusty Jan420P went for .60 profits for day traders, and remains in our trading range by end of day, with second or third buyers prevalent.
"We have brought torture,
cluster bombs, depleted uranium,
innumerable acts of random murder,
misery, degradation and death
to the Iraqi people and
CALL IT 'BRINGING FREEDOM
and democracy to the Middle East.'"
- Harold Pinter (1930-2008)
Remember what Mr. Pinter said, so sadly true, as we watch the current Middle East quagmire unfold. This has cost us trillions, and our economic woes, self inflicted, are now our focus, Iraq almost forgotten.
We are very good at forgetting the obvious.
Years that end in 9 in the stock market usually mark highs and panics, especially if the preceding year that ended in 7 market a high and a panic. This occurred in 2007, so it's quite likely we'll more of the same in 2009. There is no doubt we could have a low again, but by the second quarter Floyd thinks a typical Fibonacci 38.2 retracement could occur.
This means....I'm bullish. I believe we will see the stock market recover slightly first, before the general economy, and that things will be rough, but that stocks could likely show rebound in 2009, around much volatility.
Remember the stock market moves in advance of the general market.
Floydian Therapy:
Everything begins with either someone who does something, or does nothing.
*Women can always have sex. Men cannot. This is the core difference.
By this I mean that women are always desired and that if they wanted sex can always find a man, anyway in the world, that also wants sex.
Men, to the opposite, may always want sex, but are not wanted, and must pursue.
This means, to me, that men always "want" and women are, or can be, always "wanted". These core differences shake our destinies.
It is this same way in learning and studying the market. Men and women have core desires to succeed, to "win", and to "be right." Men, I believe, have more of this "hunter" methodology deeply engraved in their pysches and biases, and often struggle with "winning" and "being right." Women do not have this same intellectual drive to "win," unless they have become "manly." It's important and interesting.
Learning who we are, and what we deal with, helps us with the emotions of who we are.
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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