Sen Kennedy and Socialism

Quick 20% profits were available on the call in the morning downside,buying below prior day close, and out in 40 minutes or less. What we saw up until the 3 p.m. hour was classic flat lining, where we held above the pivot, but it was barely possible to even watch the market struggle, let alone trade. Flat lining always leads to a major move, and many believe 9700 and up are possible before September.

And many believe a move to 9150 over steps is just as likely. Covering economist Roubini (academic) he sees a potential second wave of recession equal to the first, and is not convinced of the rise, and counter it with Geitner (Goldman boy) that knows the moves, and Bernanke both saying we have made the step, and covered what could have been the financial ruins at the end of the year 08 and as we hit bottoms in early 2009.

As you browse our open and new signals, we're in a "holding pattern" that is always "saved" in some way by the end of a trading day by the PPT. We've seen just a bit less of this, but on lower volume.

In studying the "socialism" that I hear takes over our country I smile, as Sen Kennedy's passing reminds me of when he created the COBRA laws that allow terminated employees the right to health insurance, or unemployment which so many of our people are on, or LBJ, who so smartly never predicted the long term projected cost of Medicare over the long term because "who the hell really knows," and "if we told em they'd never do it, but this country needs Medicare".

Social security, medicare, Obamacare, economic stimulus, banks raising credit card rates so that soon no person that needs to borrow will ever borrow....there is no doubt this country is going through a major period of change.

This emotionally also affects the market. We as a people usually MUST find something that is going right. And the market always precedes the general economy.

Both of our trades are still open , and we'll watch for more chances to profit 20% a day, and try to limit our losses: what an option trader is.