OUR FUTURE, DJIA FUTURES

I am not sure whether Romney if he were to win could salvage the mess that is the US Economy. I am not sure if Ronald Reagan could. We have gone so far down the wrong road that without a tremendous amount of pain I don't believe a fix is out there for the taking. I did not watch all of this just some of it. I was surprised by Barry's demeanor. Maybe he just knows that he has the media so strongly on his side that they will spin any mistake he makes for him. He did not have his normal preacher type of delivery and voice cadence. It was almost like he was sedated.

I was watching the Dow Futures rally a little and it did remind me of the Gore v Bush fiasco. Every time it appeared Bush was going to win we got a 20 point move up in the ES. Whenever it appeared Gore would win it dropped 20 points. It was very clear who the traders wanted to see win. This was just the first debate so I don't think it can really be compared. However, in most people's eyes Romney soundly won the debate. Even that clown Axelrod acknowledged it which speaks for itself. I don't think we can draw any conclusions from the small ES up move of 7 points that happened.

Since the Federal Reserve is controlling stocks it does not really matter who wins. If the office changes hands they can't exactly go to the Fed and tell them to short the ES! This propping up effort will most likely continue. One thing we have to keep in mind about that is the issue of volume.

On the days where we get big down volume the PPT cannot always reverse those days. It is a billion dollar undertaking just in one day to reverse a 200 point decline. They can reverse these days when they can find a moment of light volume which is not always there. I cannot tell you the exact algorithms that are used to do this because I don't know what they are. I am sure they will never become public. The net take away here is the for the purposes of the stock market it does not matter who wins the election. Countries that have switched to socialism don't always have stock market crashes. If our total conversion to a European style government is implemented by BO it will depend on who takes over as the world leader as to where our stock market goes. I found in my studies countries switching to socialism tend to follow the path of the world economic leader. If we convert fully we will just have to see who that winds up being. If it is China we could have some trouble because of all the fraud that goes on over there. That whole thing is such a house of cards. There is so much fraud in the accounting practices over there you can't believe any earnings reports. Billion dollar companies can and have vanished over night.

I am still expecting an upward bias here in the DOW FUTURES into the election.

Here is a market that appears set up for a short term trade, Live Cattle. This is kind of a basic setup. We have had a trend change and now a retracement back up forming your basic flag type of pattern. The commercials are short and the Small Specs are long. You have to be really careful with the Small Specs in this market they can be commercials. You cannot just run out and sell when you see them long thinking you are being a wise guy and fading the small fries. Nonetheless here we have a shorting opportunity.

PFG

I have now sent in my claim forms so I will check to make sure they arrive then move on. They don't matter for the first distribution. All of the victims that had segregated money there will have their first amount by the end of the month. The one exception is if you have less than $1000 in which case you are not getting anything initially. If you have that amount you should not be trading futures to begin with. I am not aware of any significant new news. It seems the bad debt people are now offering 30% on futures and 10% on forex. The 30% makes no sense because we already are getting that and know there is another 15% being held back. Why would you take 30% when you know you are going to get at least 45%. The forex is another matter since that is likely to be a total loss. Taking 10% might be something to consider depending on someone's situation. My thinking is that it is such a small percentage you might as well go for the hail mary and say no.

COMPANY NOTES

You should have received a notice of one kind or another from us if you subscribed to any of the three things on the web site. If you have subscribed and not received anything please email me at cj@wearefuturestraders.com. We are already about half full in the two trading services which was much more than I anticipated. I apologize if I have been slow in getting things out. The Swing and Bond traders should already be getting the emails for the trades.

It you signed up for the Newsletter only you should have received a brief one time notice and will be getting a more detailed follow up shortly.

Here are some questions that have been asked and the answers:

If I take all three can I get a discount? We made these so inexpensive that we are not going to discount them. The Bond System for example is already ahead by more than 6 years worth of annual fees for it in just 2 months. I would say that is a pretty good value as is.

Can I pay monthly on the Newsletter? No. It is only $125 per year so trying to manage $10 a month payments from hundreds or more people is just not realistic on my end. This is so inexpensive as it is that it makes no sense for us to have an alternate arrangement there.

Will you have the dollar amount stop in the Swing Service? No. The reason for this is that you have to take the time to invest yourself in this business. I know some of you have enough faith in me to blindly take the trades but you need to use this as a learning tool. I think if you don't know enough about the market the trade is in to know what the stop is, you need to take the time to get to the exchange site and learn it. It will take a few minutes of your time.

Are the orders day or GTC? They are all day orders. New orders are issued on all trades every day for the next day's trading only.

I think I have covered the main questions that seem to be coming up. One word to the wise here. Take your time. The markets will be here tomorrow.

Good Trading