Thursday, April 24, 2008

The ridiculous...

Just for fun, I thought I would share the ridiculous:

"Chief executive officers in the financial-services industry think the economy is in or will soon be in a recession, but they believe the Federal Reserve is handling the credit turmoil fairly well.The Financial Services Forum, a group of 20 CEOs of financial-services companies doing business in the U.S., Friday released a survey that shows chief executives are increasingly pessimistic about the economy's prospects. Respondents on average placed the likelihood of a U.S. recession at 88%."

It's good to hear these brilliant businesspeople, leading an industry led by GREED, and false financials, and they are now predicting a recession. Emperor Bush is still analyzing a "soft economy", and defending a war that has cost us more than we can imagine. These are the leaders that we follow, those that hedge funded even wealth accounts (Citi), and literally hit bankruptcy sell off (Bear Stearns).

Elect smartly. Do not listen to false facts, rhetoric, or more importantly, "happy thoughts". We are in a recession, and have been since October of last year.
Sigh.

Today we are attaching an 18 page study in our Blue Chip Option password protected area, Floyd's Cheat Sheet on using point and figure charting. This is a simple "book" of how to chart.
Study. You are who you decide.

We're hitting a true stride in profitable trades right now and are thusly suspicious of ourselves:). We count 21 for 22 trades profitable and strong results at www.bluechipoptions.com All this means is that Floyd's methods do work, be patient and learn and study.

The market yesterday moved right with Floydian logic, hitting our Dow tops, allowing May630C profits from buys at 14.70 yesterday to highs of 18.40 before noon. At OEX 640 we saw retracement to 635, right to our support lines, and allowed astute day traders to....

“Floyd, bought 630C again. Sold it at 17.90 in the a.m., from a 14.70 buy yesterday, bought it again at 14.70 this afternoon and just sold for 16.30 You are on a serious roll. I've hit 22 straight trades with you, unheard of and I even kind of understand this stuff more now. Thanks”-GW.

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