1 in 4 of our Gulf War veterans suffer from "Gulf War illness." Senator Burris is a liar. Stanford is charged with an 8 billion dollar fraud. Obama announces his mortgage bailout. And, again, the market holds near the November lows of 7552. The decline holds and bears believe the more you test a low the odds go up that its' going to give way. Bulls believe the more that support is tested, the more opportunity for rebound.
And this is the story. The market free falls, then gets caught in flat lining, and the world waits. The world watches and blames us, and waits to see what we solve. But we, the USA, are in the greatest shift of our time, slowing becoming less of a super power.
Trading is difficult, and we know it. Yesterday our new buy on the put was available. Traders reported profits of of up to $1.50 on the March370P, and the opportunity for tight day trades. Trading this type of position right now, however, takes someone to stay online or checking their Blackberry, as market moves are extremely volatile.
Traders also have two buys in the March390C and we'll hold this through Friday. If a bear market is to continue note our Dow projection lows. We'll list both of these signals as open and new buys.
There will be catalyst that will move this market, and it's a 50/50 bet, so the risk is higher.
I find myself with less to share with you, as the news and soundbites are inundating us all wherever we go. Each day more greed is exposed that is simply astounding to me that it was not caught, and that so many lobbyists control our corrupt politicians. I am one to want to allow our President to do it his way. Spend this money. Walk his talk. But the politics does not stop, and the world reaction deepens, with Japan, tied with China for the lead buyer of our Treasuries, which sponsor this debt, just had their Finance Minister drunk at G-7, and has an economy close to tatters.
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