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In the next few weeks to month, I will be looking to buy into long-term option contracts of selective stocks that look like they’ve reached a bottom. In the last 6 months buying shorter-term CALL option contracts has lead to some losses in my portfolio to be honest.
Look at the chart below of the $DJX, the decline started from mid October 2007 to just January 22, 2008 then a bounce and now we are heading back down.
To be on the safe side, I will now only look at LEAPS which are long-term option contracts with at least 1 year before expiration. Looking at the $DJX Dow Jones 100 chart we can see to the far right of the chart, recently the Dow Jones market has try to form “W” shape but failed, and it looks like it is dipping back down. Read the “Trading the 123 Strategy” for double bottom info.
My guess here is the $DJX may go back down to the 122 (DJIA would be 12200) before turning up or go sideways more with a series of small bounces.

I found this article on one of the website that I frequent to read about outdoor life. It’s about money, your wealth and how it affects the environment.

Quite interesting, have a read:

Money and being environmentally responsible

Back in late August of last year I purchased an Acer Aspire 3680 - 2682 laptop from Walmart in southern California which came with Windows Vista Home. You can read up on the specifications here. The only reason why I left the Windows Vista operating system on it was because I didn’t want to hunt down and install of all the device drivers over again, if I had replaced it with Windows XP.

I little while ago I finished the CD-ROM course by Kevin Haggerty called “How to successfully trade the 123 strategy.” It took me about a month, using whatever spare time I had, however those with plenty of spare time can finish the Kevin Haggerty course in a week or less.

The course is basically an in-depth look at double bottoms and double tops. It should be called “How to trade double bottoms and double tops,” but that I guess would not sell any courses, so they use a fancier title.

Recent weak economic reports in particular today from the service sector, has turn the markets down. At the time of writing this post, the Dow Jones is down by 293 points, and the Nasdaq (above chart) is down 54 points. From the looks of it, my guess is that the indexes will retest the lows set in the last few weeks.

Recently the school trustees of Toronto, Canada approved the go ahead to build an all black kids school in Toronto, mainly because of the extremely high drop out rates of black students in high school.

I think this is a completely backwards move. After all, didn’t Martin Luther King fight and died for the blacks to be recognized as equals all over the world. For Toronto, Canada school board to do something like this like saying “Black kids, need special attention so they DON’T drop out of school.” This is the message it is sending out to the world.