Thursday, July 9, 2009

Please Close Your Eyes

Two of the Founding Fathers were gay. South Korean scientists created beagles that glow. And 7 of 10 Republicans interviewed with vote for Maverick Sarah for President in 2012. It's always fun to gain perspective

Poll: 7 Out Of 10 Republicans Likely To Vote For Palin In 2012

And on the state of the economy:

http://us.mobile.reuters.com/m/FullArticle/p.rdt/CUSMKT/nusMktRpt_uUSN0733371020090707

And unbelievably, Karl Rove is still not in jail:

Rove Deposed In U.S. Attorney Probe

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Please close your eyes and simply review the past month, the meteoric rise to the market, the bulls that saw easy recovery, and the optimists out spouting in all our medias. You are paying me to project correctly, and I'm proud to report in that my cynicism has won off, and we've now hit the Dow bottoms I've projected over the last 21 day period, after a prolonged run up, primarily led by the Plunge Protection Team (PPT).

All is not as it appears. A rock is not hard. Subscribers with us for years understand well these lessons from Floydian Therapy, from our Advanced Mentoring, and the mainstay of Floyd's philosophy of trading.

With this said, the market has now lost most of its gains, and the Dow hit lows of 8054 on the theoretical Dow by 2.32 p.m. EST. Study our Dow projections below carefully; we've updated what we see as the next steps.

Remember, those of you that have our Manual and study our videos that we are a variety of approaches to day trading, and it takes informed training to successfully trade in and out of the market.

We now will buy calls thinking market bottoms have or will soon be reached. It surely showed at market close as the market began a fast run up.

For traders following our buy on the Aug420C at Dow 8076 they bought at 10.30, and sold the option two hours later to highs of 11.80 to 12.30, in fast day trading. We continue to hold the signal.

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