The Dow was down 1469 points March 9-22,2001. Doesn't even seem like a big number anymore, does it?
It's fallen 25% since January.
On Friday the market hit Dow tops of 6795, and bottoms of 6429, 13 year lows. Both the March 310P and March 340C were available for sales for up to 2.00 a contract profits Friday during the whipsaw market that took us to new downside tests, only to close above prior day close by day end. And, we hit stop loss on our now OTM March call.
GM hit 75 year lows, and the market has dropped over 20% in the last 10 market days. President Obama has a radical plan to change our scope of entry, as I see it, and scope of entry meaning "how we act as a populace" and who we support. Socialism, nationalism or whatever it is being called....it is a radical re-shift of priorities to allow the middle class to finally NOT be the only sector of our populace that pays.
What we're eliminating is only what was developed during the Bush "conservative years," a terminology that should make the smart smile with disbelief, as this conservative President was truly one of our most radical, shifting wealth, and eliminating all regulation.
What is Paulson doing now, and how much money did he make? I'm just curious, and you should be.
Rhetoric pervades our media, with bi partisan babbles in full swing. Few understand, I suppose, that what is happening could allow our country to actually "shift" focus and become a world power again, built on the "all", not the "few."
As we change our own perspectives, do not get caught in the minimalist detail of "what should not be done," but accept sweeping change that may provide catalyst to a shift in our economic perspective.
It has been proven that to do two things effectively at the same time that one must perform the dual functions together a minimum of 2000 times to be as accurate as when doing only one thing at a time.
Consider joining us at Level 3 or Advanced Mentoring services if you are interested in serious one on one training in the market. The type of market we have is perfect for truly learning to trade for a living.
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OEX Success Win Ratio 1/1 thru 3/7-83.5%
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