Again, We've not had a Loss This Week

All week the chartists have told us the "end of the world," changing their discussion as the market shifts. Yesterday we were again rewarded with our contrarian "in our face" analysis of Wall Street.
The market opened UP, and continued to move up on good earnings to a theoretical Dow high of 10403. We may see a reciprocal whipsaw from the massive moves, but the real news is that yet again our August 500C, bought as low as 3.90, and averaged cost for most traders. The 500 Call hit highs of 10.10 yesterday for a 100% return plus for most of our traders.

Again we have not had a loss this week, and continue to trade contrarian to the call, still seeing upside.

We'll not issue a signal for the day, as we believe it's an anything could happen day, and we do not want to hold inventory over the weekend.

Remember, when you are making money, and traders you have BEEN making money for weeks in a row on our contrarian in your fact attitude on the market, always be cautious of GREED.

We've simply done too well and do not want to slow our momentum. If open to trading, only day trade, and exit by day end.

Have a great weekend, and count your money.

If you are not making money right now on our options system, please write me, as conditions have been absolutely perfect for three weeks, all while the talking heads babble.

My favorite: Apple will fall. Antennagate. Jobs came on and said "shove it," you've created a phucking frenzy over nothing and our www.bluechipoptions.com also played this right.

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Charles Nenner Research, recently on CNBC, and a true analyst of the market, doesn't see a long position in the S&P 500 until it closes above 1109. The bounce may indeed be over, says Nenner, when the S&P closed under 1075.
I noted this past week the Dow Jones closed for three days on the 200 day moving average. Overall in the market in our BlueChipOption service we are also investors and "non investors" in Gold and Silver at various times.

We sold all of our Gold and Silver holdings a few months back at 1170 area. The market for GLD moved up almost 80 more points, then held in trade range, and we are now watching for could be a downside target. GLD appears to be following the Euro. This will effect the OEX.

Write for info on my thoughts on Gold and Silver and to hear a bit about Blue Chip Options. info@oexoptions.com and you'll get right to me.