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*** LATEST UPDATES ***
Special commentary below
Tradingroom Results
1 point per EMINI contract = $50
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Week ending 2009/04/10 +13..$650
Week ending 2009/04/17 +5...$250
Week ending 2009/04/24 +9...$450
Week ending 2009/05/01 +10..$500
Week ending 2009/05/08 +8...$400
Week ending 2009/05/15 +3...$150
Week ending 2009/05/22 +11..$550
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Current Option Activity
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OPTION
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DATE
ENTERED
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ENTRY
PRICE
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HIGHEST$
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HIGHEST%
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.BDUFW
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05/15/09
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3.20
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6.50
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100%
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RECAP FOR THE WEEK OF: May 17, 2009
Expecting a bit of a rally this week.
The market is still working its way up a bullish channel.
Monday should see the largest change this week, with Thursday being second.
Follow up:
 Bullseye: Monday was the largest point change (DJIA +235 points)
Bullseye: Thursday was the 2nd largest point change (DJIA -129 points)
Bullseye: We got a rally as predicted from Friday's close of 8268 to a high of 8645 on Wednesday (+377 points), before hitting the low for the week on Thursday at 8185.
View past OEX REVERSAL dates.
FORECAST FOR THE WEEK OF: May 25, 2009
Expecting a bit of a rally this week again, most likely in the beginning of the week. DON'T FOGET that my forecast on holiday weeks is not the best.
Wednesday should see the largest change this week. If not Wednesday, then Tuesday.
 Subscribers to the Option Signal Service will be notified when to take action.
Use link at the top of the page to subscribe now.
SPECIAL COMMENTARY
It is time to review a few predictions I have made in past newsletters:
- This ecomonical mess we are in is not over; it is going to get worse.
- I expect gold to hit $3000
- I expect to DJIA to bottom somewhere between 4000 and 4500.
- We are approaching a cycle bottom that last bottomed in 1931.
If you have been reading this newsletter for awhile, you know I monitor many other newsletters and trading services. From time to time these other services will have information I feel is important. The following chart is from moneytide.com. I thought you would find it interesting.
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FINANCIAL EVENTS THIS COMING WEEK
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Tuesday, 26-May-2009
09:00 S&P Case-Shiller HPI
10:00 Consumer Confidence
11:00 4-Week Bill Announcement
01:00 3-Month Bill Auction
01:00 6-Month Bill Auction
01:00 2-Yr Note Auction
Wednesday, 27-May-2009
07:00 MBA Purchase Applications
07:45 ICSC-Goldman Store Sales
08:55 Redbook
10:00 Existing Home Sales
10:30 EIA Petroleum Status Report
01:00 4-Week Bill Auction
01:00 5-Yr Note Auction
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Thursday, 28-May-2009
08:30 Durable Goods Orders
08:30 Jobless Claims
10:00 New Home Sales
10:30 EIA Natural Gas Report
11:00 3-Month Bill Announcement
11:00 6-Month Bill Announcement
11:00 52-Week Bill Announcement
01:00 7-Yr Note Auction
04:30 Money Supply
Friday, 29-May-2009
08:30 GDP
08:30 Corporate Profits
09:45 Chicago PMI
09:55 Consumer Sentiment
03:00 Farm Prices
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Source: MyPivots
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