Wednesday, August 11, 2010

Moves of the Day

I like reporting to you before the 3 p.m brothel party on Wall Street begins, showing the moves of the day. The option gods were right with us, with the put we bought yesterday soaring to highs of 5.50.

All traders should have profited, and also had the opportunity to buy the call we recommended at deep discounts as the market began the whipsaw, and sell by 2.47 p.m. for great profits as the Dow came even with the day before.

10,746 -776 is a hugely strong resistance area. You'll see how the market ended, but we'll play the same game one more day, rolling both dice.

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