Our Count is 12 to the put. ?????????? We can also see the option chain signal bias changing by the end of day upside on last Friday's wildly volatile swings.
This shows the most extreme of bell curves, and a whipsaw market that has moved back above 10,000 after hitting 9850 lows
The markets obviously continue on a sell cycle, but may be at this point so extreme that an upside gap could occur. Our Dow Projections are lengthy this week, covering over 1000 points, and remember we Twitter each day with new support/resistance lines and pivot when the market moves 100 points. Recently we can't keep up :)
We are contrarian to the downside for the short term, and continue to see an upside, in stages, leading the market to over 10,550 on the Dow and higher. We also believe the upside will not last, and are providing very specific instruction to our Blue Chip subscribers. www.bluechipoptions.com
The reaction to BP is indicative of what we believe of Free Enterprise, and proof of our ongoing discussions that we as a world are really no more nations, as actual corporations control us.
We will list both put and call, and define to watch futures carefully. Both of our open issues were available to our system rules, or already held. Nothing could surprise us in an electronically traded market with few controls, similar to the BP Oil Rig. "Oops, we didn't think of that" we expect only of our average people, and both regulation, oversight, and penalty could be law that controls both the stock market, and oil.
The craziness of the market, the sadness of this oil spill. Our lack of forethought on both. People feeling the emotion this week of losing ALL of their 2009 gains in a simple week in all of their holdings, only to see slight rebound, and to here nothing but dire news.
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