Updates from prior calls...
1. Short term trade of ABT puts... Nov 29th recommendation to buy puts at $1.50 and sell at $3.20, initially they went as low as $.90 before moving to $2.30 when ABT hit 53. They were $1.85 at expiration.
2. MCD now around 62. It got as high as 64. Still holding onto stock, hoping to sell at 70, but expecting sideways movement between 60 and 64 for weeks. First recommended MCD on 9/23/09 at price of 55.54.
3. Nov 27th call.... Expecting S&P500 to start a new Bear Leg. Waiting for confirmation with a close below 1070-------- This has not happened yet. The indices continue to be without strongly identifiable patterns. Some individual stocks such as Dupont have identifiable patterns. DD to 30 in about a month. (80%)
4. The dollar made its initial leg higher from the bottom on 11/25. I said it was moving higher on 11/27/09. It closed at about 75 that day and now is at 77.51. Expecting continued strong upward movement in the dollar over the next year, and is now finishing a consolidative phase. UUP is an ETF to buy. See the chart. (90% confidence)
