A nice soft start to the week. Everyone is now waiting. Waiting for "the ball to drop" or for a home run hit, and no indicators show any bear correction that is any more of one than a normal sell off.
We took entry to the November OEX 545 call at a good buy down price. We'll hold for the day and to work for 22 to 25% average markups. As we watch the "count," or bell curve analysis, shift, we'l watch for a put entry, but the market must begin moving again
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Everyone thinks I hate Republicans and am a full blooded liberal. I am a liberal, am proud of it, and see liberals as being open to all ideas, and conservatives as being open to only their opinions.
Most of you have been waiting for me to scream after the Republicans "lied" their way into the House last week, but Fareed Zakaria says it best in Time Magazine. This is really worth your time:
http://www.time.com/time/politics/article/0,8599,2029356,00.html
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"As the dollar wobbles, China is pulling back from U.S Treasury securities and buying up hard assets around the rule." - Barrrons
We discuss the implication of China's change in investment, and their holding of their own rare earths extensively in our service www.bluechipoptions.com
The world is shifting; is the U.S in gridlock, shifting with the earth.
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