Lacey, the Conqueror

A market just waiting on earnings, on announcements, on something to "trigger movement." Yesterday we saw theoretical Dow lows of 11,047 and highs of 11,215.

Traders were able to take below prior day close entries on both our in the money and out of the money calls, and good profits of $2.00. We will, however, keep both trades open as signals, and NOT yet play puts. We may regret this, but we continue to see an upside bias, and another testing of top resistance lines. In other words, one more run up.

Watch futures carefully, and have sell signals in at all times. Take tight profits on the ITM call, as most did yesterday, and be prepared to follow all instructions for the riskier out of the money call.

An edge is up, as chartists have stated:
-- DOWNTRENDS IN DOLLAR AND BOND YIELDS ARE NEAR SUPPORT AND OVERSOLD
-- THAT CALLS FOR SOME CAUTION
-- SO DOES THE PRESENCE OF THE SPRING HIGHS IN DOW INDUSTRIALS AND TRANSPORTS

I've written a very personal article available now on our website called Lacey, the Conqueror.
It's a dog story with lessons, and it helped me change my life, as did the dog:

http://www.oexoptions.com/articles/Lacey.pdf

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What you are reading is our commentary for www.bluechipoptions.com service for today; the data, real facts, and the Floydian Logic used, you'll clearly know where we are.
It will help you vote, as you realize we now must spend while we are able to and create jobs, healthcare and social programs that bring back the middle class. We've lost our middle class, and oligarchy is easily created, the government itself just being a vehicle, and the large corporations in America that truly control our destiny:

What cost $1.00 in 1913 now costs more than $21.00. What cost $1.00 in 2009 would have cost $.05 in 1913. Logic would conclude the Federal Reserve has devalued the USDollar by approximately 95% during it's 97 year tenure.
Read that again.

Geitner has assured the world that " we will not devalue the USD to maintain prosperity and competitiveness. It simply does not work.

It's fine with us that Precious Metals have a correction, but Floydian Logic concludes: we are already phucked on the USD and continue to play massive bank games. Our currency is not even real.
Neither is the Euro.
There is no doubt that precious metals will at some time be much more highly valued than in dollars, or in companies that have and need dollars to be in market.