Do Not Argue With the Stock Market

*Do not argue with the stock market.

*If a stock is up 20% in three weeks or less after your purchase, hold it at least 8 weeks.

*After a stock breaks out it follows Fibonnaci patterns and sells offs are likely at 38%, 50%, and 62% profits.
These are basic rules we teach at our sister service, www.bluechipoptions.com, and that are very "present" to how the market is acting.
Yesterday brought theoretical Dow highs to just over 10,300, and a bottom of 10, 187. Consolidation, when occurring, may now only whipsaw downward to 9900-9950 before a stronger bull run, as we approach the Fib top of 10,700


Do not argue with the market. Whew. 10, 700 seems so high, and yet so low, from where we were, and yet, has been a meteoric rise that has restored some wealth, and created more.

For most of the trading day yesterday we found a hard to trade market. Some traders caught entry to the Dec500 Call and made 2.00 per contract by fast trading, but most traders only were able to take entry to positions.

Our recommendations are thusly a repeat of yesterday's, as the market may continue to hold to new highs, or simply "tightly consolidate."