We are combining alerts in this shortened week and will have only this alert for the week.
Volume on the exchange will be very light and we see trade range moves that will hold the market barely up for Thanksgiving optimism.
NOTE: This is the only alert you will receive for OEX or Blue Chip for this shortened trading week, which we assume from history will be very light, as influential traders are already in the Hamptons.
The Bullish percent index is one of the best indicators of small investor and institutional investment.
Everyone is bullish.
Equities are considered under value.
Most trading specialists and analysts believe the market, although it may correct, has much farther to go up.
Perhaps. But with a Bullish Percent indicator this high we have more caution, and suspicion.
Add to this that traveling last week I heard numerous times that “now things would get straightened out,” a theory showing no understand of the gridlock this nation is in.
These are Fox TV children, clamoring for more Mac and Cheese.
All of this simply smells bad and has us hesitate. When the bullish percentage indicator goes above 70 we become concerned not just of oversold conditions but that euphoria has taken over.
We have sold a great number of stocks and options at great profits and never push our luck
It is time to sit back on hands and wait
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You all know me so I won't explain.
The fucking idiots in Washington, led by Pee Partiers and others that want to "improve our standard of education" through testing are trying a time proven to fail approach. Uniform testing is not reasonable in a country of small towns, big cities, multi cultural, multi language, and it makes good teachers all want to quit.
Our 28-year daughter, a masters in Education, is in her 6th year teaching. Her middle school class (11 year old average) has kids up to 15 years that have failed many times, kids from other countries that come in legally and speak no to little English. There is no way someone could provide testing of reason to this varied a class.
So, the education system will likely lose one of its best teachers, because she values individualism and creativity, what real education is about.
America is NOT white people with all good kids and great family values, nor is all-Christian. America is going through massive change right now. Let's not be led by "false facts" to make our education "better" when, in fact, it does not.
This movie is the real thing:
http://failingschools.
Fight our politicians and "value leaders" in the Pee Party. Help the world understand we are part of the world. Perhaps our educational system is broken, but standardizing a test is much like a really stupid version of human prohibition.
Each week we provide our Dow Projections, based on the theoretical Dow.
The theoretical Dow is much like an exponential analysis, where it evenly skews all 30 stocks in the Dow, not just a high mover.
A simple way to understand the theoretical Dow is:
High of the Day-add 40 points
Low of the Day- subtract 40 points
Close of the Day-Add or subtract 40 points to the close, dependent upon the swing of the close
We base our Dow projections on PNF charting, historical data, and Floydian intuition.
“Floyd, I have paid for Level 3 for three years and have made more money off your Dow projections than any other indicator or tool I’ve ever seen. I now trade full time the OEX, S&P, and Dow in day trades all around the Dow projections and the support and resistance lines. As you have taught me (and boy did I fight it) the actual option chosen your signal, is the least important part of the study
FYR-Buffalo NY”
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