The market yesterday finally broke the ice and the Dow hit bottoms of 10.209 by 10 a.m. OEBXT puts were profitable with low buys of 3.30, and high sells to 4.60 by early afternoon.
Astute traders watching by the minute, however, are the ones making those trades. Read our open and new signal instructions carefully.
The argument is: will it finally fall more, or has it hit a bottom, and we'll have a short December upswing? Stock shifting in funds takes place, and for tax reasons, and normally excites the market, and many believe in a "Santa Claus Rally."
Bernanke has already announced that he'll keep interest rates low. Obama is doing the circuit on ideas for creating jobs.
And....we are near a Fibonnaci top.
Weaving Straw Baskets-Fifty Steps to Understanding
1) There are simple ways to release unwanted stress.
2) There are ways to learn to relax and feel better physically.
3) There are ways to be happy.
4) Life is typically unfair and a series of negative events that are overshadowed in our memory by the positive events.
5) Few people enjoy their work, making most of their life TV, sleeping, or doing something they do not like. These people lose their strength and general well being as time progresses.
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