Monday, August 10, 2009

The Controlling Price Factor

August is the worst Dow and S & P month since 1988. In the past farm harvesting made August the best Dow month 1901 through 1951 in a row. And now.....

On Friday the market hit all time highs for 09, showing a theoretical Dow top of 9478, and an opening low of 9218. The S&P500 has an important resistance 1014, which the market ran by, and held over, on a true bull run. This was sparked by unemployment showing at 9.4, not worse than before, truly the signs of either manipulation in the market or gross stupidity on the part of the American public.

> Arthur Delaney Why There's Really Nothing To Celebrate In The Unemployment Rate Drop

Something we teach at www.bluechipoptions.com is appropriate to the situation we are in:

*The Controlling Price Factor:

The distinction/difference between supply and demand has been the controlling price factor throughout the ages of mankind.

Only the medium of exchange has been different.

If we have something that no one wants, we call it worthless; if everybody wants it we call it priceless. This is the law of supply and demand.

Right now the stock market is priceless, and investors can't get enough. Our Dow projections below are NEW, and for the very short term, studying the longer range of trends.

Although the count is 4 to the call we consider the market too difficult to read to issue a safe trade. New Signal instructions are thusly a bit different than usual.

On Friday, just to keep the winning streak up, our trust OXBHM August call moved from lows of 7.70 to 11.50!!!! It was easily traded from opening at market price for a 2.00 per contract profit.

Our daily call profits have been extraordinary, for traders keeping their eyes on the market and playing the edges.

And the key Friday that we saw is that near day end, when the market always moves up, it did not. It actually declined. Tops?

For readers wanting some outstanding journalism on those truly evaluating and trying to build the Obama Plan, and fair evaluations of efforts, we highly recommend this outstanding piece of journalism: http://www.rollingstone.com/politics/story/29551986/barack_obama_so_far

Remember, you can follow us on Twitter. We are recalculating the Dow at least once during the day

http://twitter.com/Bluechipoptions

Floydian Therapy: Many new subscribers have asked us about this service. For traders wanting to work on the emotions behind the decisions that lead their trading, and their lives, we offer a unique email service with a trans-personal psychology approach from our classical training. View a video on Floyd on this: http://www.oexoptions.com/FloydTherapy/TheBlankScreen.swf or at http://www.oexoptions.com/pages/FloydianTherapy.html

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