Illogical Logic

I have steps to our dialogue this week: 1. We are entering our 5th week in the same Dow Cycle. Highs are possible as October ends the Dow's "worst six months" and the "correction" occurred. Doomsayers may go back under the rock for the time. 2. Today is Columbus Day so the banks and government are closed. For those of you with good minds, please piss on them. The rest of us work. http://www.bloomberg.com/markets/economic-calendar/ 3. "Even being right 3 or 4 times out of 10 should yield a person a fortune, if he has the sense to cut his losses quickly on the ventures where he has been wrong." - Bernard Baruch 4. Money was made so many ways last week I'm still surprised. Many traders day traded stocks (such as MP with his wins for his Dad and himself going in and out of just a few stocks), or in retiring 20% in two weeks in a stock recommendation 5. OEX option trading is harder than it has ever been because the swings are so volatile and huge that premiums and erosion planning vanish. Watch all of our signals during this time period and don't be geared just to an option. Volatility is so extreme that we have to use extreme prudence in any trade. 6. "The most successful positions I've taken have been those about which I've been most nervous, but ignored the emotion. Courage is not about begin fearless; courage is about acting appropriately even when you are fearful." - Daniel Turov 7. I have learned in trading commodities, or cash derivatives, that the law of supply and demand is first led by the law of cause and effect, not the usual reverse, and commodity futures are more on "money" than supply and demand. 8. Nenner believes that Gold cold reach 1700 and Silver 34.00 yet still be in a corrective cycle. Cycles bottom by the end of October. 9. Oil may continue to rally as long as we don't have a close below 81.00 10. I believe we are at or near the bottom of this cycle. It appears we've bottomed but we'll watch a day or two and then continue building long positions. As you know Floyd has been buying equities in our existing portfolio for the last 1000 points of drop, insistent the market is being manipulated for short term gain and political plays on the parts of the Pubes. For those of you not clear on Pubes it is my nasty name for pubic hair Republicans that are acting as our leaders. I'm embarrassed right now to be an American, and I do not believe we the either the most powerful country, nor the greatest, on earth. Our hubris amazes me. 11. Natural gas continues a flat cycle. We still like CHK as a good long term Natural Gas play with a CEO that buys into his business and runs it like a complete crook. Chesapeake has a good long term cycle to it. I spent the last two weeks on a great experiment in psychology, human nature and the character-ology of the personality type that "must be right" and to "win" uses a form of logic that is indisputable. I believe this form of logic so frightening, maddening, and damaging that I've been commissioned as a consultant to prepare a study on this type of argument, and I'm beginning an article and lecture series on how "those that must win" (evangelical Bible Thumpers are a perfect example) use a form of logic within their verbal or written argument to you that makes it impossible to respond. It's called Illogical Logic. You'll see several movies on this over the week as its' a clear way how to beat yourself, and beat the market. _____________________________________ Floyd's Favorite FAQ of the week: "Everything I read on CNBC and in the news shares that the market has no financial strength and that Obama's debt will take the stock market down Why should I trade?" 2/3 of the sovereign debt increases that have occurred since 1960 were signed in by Pube Presidents. 71% of the current U.S. debt was accumulated by George W. Bush. It is rumored that George is now reading every day. He told 60 minutes last month that he reads the Wall Street Journal. Wow. HIs skills are up, he is reading, but it's Murdoch lies. If one adds amortized debt for increases in existing, NOT NEW, government issues the debt that Obama inherited was 81.3% of our overall debt. The reader is being influenced by illogical logic. Take prudent risk Last but not least I am getting ready right now to BRIBE you. Please be open. For four years our little company of myself, daughter Jenn, the apprentice, and Terry Brown, my partner and webmaster have managed to build one of the top ten Readers's Choice Option Advisory Services (2008 thru 2011) and it's my proudest personal achievement. It is for three reasons: 1. Dad is long gone but he would have been proud 2. We started with nothing and have built this ourselves 3. Traders world wide compliment the unique style and methodology we use. So here's my bribe: -Read the attachment that came that offers you a one year FREE subscription to Stocks and Commodities Magazine merely for subscribing to OEX Options. For those of you that are already paying (not on trials) subscribers your subscriptions are on order and you'll be receiving notification shortly. If you already subscribe I'm sure Stocks and Commodiites will combine your subscriptions. -Find your customer # of the magazine and help to vote OEX in as one of the top ten Readers Choice Options Trading Systems. Here's how: 1. Go to http://traders.com 2. Top right there is a box that says 2012 Readers Choice Awards 3. Sign in and enter your new subscription # and last name. 4. The group Options Trading systems is on page 4 of their website. Vote for us! 5. And finally, don't forget, go page 5 and hit submit! SUCCESS! You have really done all of us a favor and you have been bribed. Better yet you get a full year subscription to the best trade magazine Stocks and Commodities in the industry! PLEASE DON'T FORGET TO HELP US. VOTE!! DEADLINE IS DECEMBER 31ST, 2011