We Do Not Know

What a quandary. The world is ending, or there will be an upside. That's what yesterday's trading showed, with a theoretical Dow low of 9898, a respectable "stopping point," and a afternoon resurgence to 10,114, just enough swing to keep the market struggling above 10,000, right at resistance lines.

If upside, watch 10,212 to 10,450 as tops and play the call we own accordingly.
We made money on the put yesterday, but trading was very light. While the market "bounces" like this take tight profits and exit quickly. True of both signals, and true most because our bell curve has no bias. It shifts daily from a 6 to call, 6 to put, to a zero bias. Gold, oil and equities are all showing equal averages, an unusual event.

We'd like to take tight profits, and move to another signal to the bias, but right now there is no safe bet, or even a bet that we can understand.

And the average investor is leaving equities by leaps and bounds.

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Over the weekend the leader of Wikileaki Land was wanted in Sweden for "rape and molestation." Within an hour a news-byte said charges were dropped. This is what I a Roveian Technique.
Karl Rove got George elected twice on dirty tricks, and making people question facts that are true. (Obama is a Musllim, the leader of horrible Wikileaki a rapist, and THERE).....the first false fact out is always the one that gets the news hit and is what is remembered. Perhaps instead the leader of Wikileaks is someone that will later be revered and the lead person that changed journalism.

We do not know.

We do know that what he is doing is radical, and everyone will have an opinion. But this week-end was good stock market lesson-the first news-byte is what got the "hit." Someone is really worried about Wikileaks to create this subterfuge.