ROBIN CAN EVEN MISS A CALL NOW AND THEN!! It looked as though the market was poised for a bounce this past week, but it didn’t happen. I was premature on my bullish call as the market fell to test November lows. However, I still believe we have a bear market rally just waiting in the wings.

Even though the market took stocks down, I am able to position myself for profit on the bounce at the bullish turn. How do I do that?? My hedges have significantly reduced the cost basis of my portfolio and as a result, it will only take a modest move back to the upside to produce profits.

Now just think how you would be faring as a “Buy and Hold” investor. You would probably be sweating bullets and may be considering closing your positions to stop the pain. Just when you do that, the market begins to turn, but you sold at the bottom. Even if you held on to your positions, as a B&H investor you have a long road back up to your cost basis to recover. So, you see, even if I’m wrong on the timing of the market, I still win with “The Way” I trade. Obviously, it’s very rewarding to be right in direction and I work hard to be on the right side of the market, however, there are times when it just doesn’t happen that way.

Wouldn’t it be nice to know that you can still profit when you are wrong. If you want to know how I do it, just click here for three free lessons and you judge for yourself. Best, Robin

Monday, the market was closed. We started the engines on Tuesday with poor numbers from the Empire State Manufacturing Report. The automakers were preparing their survival plan to be presented to the Treasury Department as the DOW fell out of bed, posting a 298 point drop.

The market put in a DOJI candlestick on Wednesday which is indicative of indecision as everyone was busy trying to assimilate Obama’s $75 Billion plan on housing. Housing Construction was down to record lows in January as the DOW finished higher by 3 points.

Thursday, the market held up reasonably well amidst poor unemployment numbers and a poor Philly Fed Report. The DOW dropped 90 points.

The week finished with an interesting session. Options expiration day can be volatile and Friday was no exception. The DOW posted a low of 7249 before pulling up to finish at 7366. The session produced high volume and formed a Hammer like candlestick pattern which is a bullish signal. The session broke the intraday low of 7449 which was registered back on 11/21/2008. The SPX still has 29 points to fall before testing its’ lows of 741.

Week over week, the market fell hard with the DOW losing 484 points, the SPX off by 57 and the COMPQ worse by 93.

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