Venus Turns Retrograde

Additionally traders see positive news in the number of companies that are boosting dividends

Our next trade is slightly different than normal as we are preparing for a slight sell off before longer term upside. With this position read our instructions carefully...

When Japan yesterday (sorry we wrote China) took measures to boost their economy it resounded around the world and futures yesterday showed what it meant in security to the public

There is now speculation other central banks will follow and it's why we project new Dow tops near 11261 and perhaps 11350

Some chartists see the oversold conditions as leading us back to the fib retracement at 10740
Or even to Dow 10629

We will not play any potential downside as we see the risk too high with the overall momentum for health and well being as an economy too high

If futures show downside begin buying a November ITM call expecting a larger second buy and hold

We will recommend this call as we see the market play out so note to only buy if this downside is clear

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For moon chartists, Venus turns retrograde on 10/8 for the first time since the major low of March 6th, 2009. Today and tomorrow have stronger chances of reversal than normal days. We believe that any decline occurring now or to occur will be short term as a trader's profit taking decline, and will lead to more upside.
The Questions Floyd is asked is proving very popular, with lots of feedback. Sometimes these questions are asked within testimonials, or "thanks," or "WTF did I do? letters" Here's five more:

1. Floyd, I have made over 140k this year trading the OEX, thanks to my Level 3 membership and constant questions of you. Do you seriously save 10 or 15% of every winning trade and take it out of your trading portfolio
(Great news on your profits, and YES, I always save 10 to 15% of any win and hide it. I do not use it to cover losses. I hide it by moving it to TIPS, inflation traded bonds, or SLV, if the price is lower (not now)
2. How often are successes on double down buys compared with a single buy and sale?
(I have never calculated a percentage but the odds of success do diminish as you buy down. If you are following the market carefully it's easier to know when NOT to buy down, if you are seeing a massive cracking of support and resistance lines; however, almost always the market trends in bias within a 4 day period, and the majority of the double downs become profitable. I only do this when I see short term "breaks to a bias" occuring).
3. How much money do I need in my account to daytrade?
(The SEC which protected us so well from Madoff and cash derivatives, etc, has elected to protect the consumer by irrational legislation that requires a 25k balance in a day trading account. If not pattern day trading this balance is not required).
4. Do you believe the mid term elections will effect and affect the economy if the GOP wins?
(Very much so. Everyone will first show euphoria because the GOP has told us "the spending will stop" (they created it) and they will "abolish national health care," which they have lied to the American people so well about that now most everyone thinks it's bad. I believe the past two years have been full protectionism by the rich in the GOP (The Skull and Bones boys) to get things back to normal, where the poor are used, the middle class abused, and the rich richer)
5. What's the best option trade you ever made?
(Several years ago I bought heavily on 4 month out calls on Apple (AAPL) and bought it down heavily when it moved down. I returned 300% in less than 45 days of holding. On the OEX I have many days in the past 10 years where I have 50 to 60% returns, and always sell at that %, as I am fearful my greed instinct will take over.)