Wednesday, March 18, 2009

The Bull Rally Made It

The bull rally made it. The market yesterday hit tops of 7437, in dual run ups. The March 370C was available as low as 1.85 and and could have sold to highs of 5.60.

Traders reported day trading this call for 1.00 and 2.00 per contract also. The April 370C, our hedge, also had day trade plays of 3.50 to 5.30, for any trader online watching the support and resistance lines.

And, the market went to lows of 7132 in morning trading.

Whew. Great profits, and fast trading. We've never seen volatility like this.

The FOMC announces at 2.15 p.m EST. The market makers have obviously bought it up in advance of the announcement, and thusly it could be priced in to the announcement already, some say.

Volatility is likely on an FOMC day, especially in this type of market. We'll play put and call again.


Floydian Therapy:

We need a lesson at the beginning . . . It is a Monday. You are 44 years old. Someone you know, that you trust, well informed, tells you that must make a change. Life or death. Change or die.

This informed person tells you if you change you will live much longer, and with less pain. (A good example might be to change your diet after your massive heart attack?) Of course you will do this as it implies reason.

But the fact is that you are probably deluding yourself and will do nothing.

The odds are 9 to 1 that you will do nothing.

Shocked. Don’t be. 8 of 10 people that take private therapy will do NOTHING with it, will make no changes. Prescriptions for mental health are quite unnecessary with over 80% of the people that are actual prescribed them. Down deep you already knew this, even if you are taking such medications. The placebo is now often the effect, or the diagnosis is based on societal perception. Are there really 40 million depressed people in the U.S.A? :)

Frames are the mental structures that define how we see the world. We reject new facts that don’t fit into our structure. To change behavior you have to change the frames.

The secret is that JOY is a better motivator than fear. Most change takes place, or we see the need of, because of FEAR. Change is not motivated by fear. Crisis is not a powerful impetus for change. Facts do not set us free.

Despite the fear, we are not respectful of it.

So here’s fear. People who live to 85 have a 50% change of being senile.

Do something about 200 times in a row and you’ve created a habit.

But think again. 2/3 of the people that are prescribed statin drugs for cholesterol stop taking the drug because they see no change. They quit because they didn’t feel any better.

The good news is the brain has the ability to change lifelong, and that big changes produce big results. Radical, sweeping fast change works best.


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

No comments: