Futures Were Zero at Opening

So, many of our subscribers read my long letter for the Monday commentary and came away confused.

It's really simple and benefits you. Each Monday of the week we will combine our Blue Chip Option weekly commentary with that of the OEX, as we find more and more similarities. During the business week we will only update OEX commentary, however, if something is exacting for the following day, allowing Floyd more time to pick signals, and work with our Level 3 and Advanced Mentoring students. So if the OEX commentaries are "light" there's nothing to report.

Here's an example: Futures were zero at opening. I would not have traded at al!. The downside already started hugely with 84 points down, and never came back. Just watching the news I would have stayed out the market, but the market allowed call buys and sells, and we've now got a second buy in on the position.

The market has fully corrected and is now overbought. Will it also act "overextended" as the bulls did or have a typically shorter run to the downturn.