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Prediction
Looks like next Monday should be the ultimate top and end to the bear market rally. 1100 on S&P, 2200 on NASDAQ, we already hit 10k on the DJIA. The fun begins on Tuesday. As for OPEX today, it was awesome. Everyth… -
DJIA 10k
Just wanted to mark this momentous occasion... I'm actually 100% short with bear call spreads and doing quite well with theta burn on my side, despite the rising market. Next week should be intense... I'm still expe… -
GM Nationalized ; DJIA TA
Title says it all. I suppose dumping another $40 billion into a company with a $500 million market cap will raise it's stock price a bit, even if it is getting nationalized. DJIA broke the upper bollinger today, and cl… -
FAZ
Blah, woke up too early (6 AM PST), saw that the market was opening "modestly higher" according to futures, then went back to sleep. Woke up again at 7:30, and saw FAZ was already green for the day, and that the market q… -
Fakeout?
It seems like this breakout over 8200 today may actually prove to be a fakeout (massive bull trap). I'll be betting on that, by picking up some SRS and FAZ calls on Friday or Monday (probably half on Friday, half on Mond… -
Next Big Stock Move
The next big DJIA move should begin around May 11th/12th. And it's going to be a very big one. -
AIG, Chrysler
First of all, everyone needs to get over AIG. Second of all, [this event] sets a bad precedent, basically allowing the government to create a bill of attainder. Lastly, was it REALLY worth all this time wasted, just to… -
DJIA "A" Formation
Looks like we're resisting 7200, as expected... "A" formations are very bearish as well. FAZ and SRS would have both been great daytrades. I still regret not getting into SRS at 60, when I sold my puts on it (rode it d… -
Tech Ticker is Full of Idiots
"Did You Just Miss The Bottom" Did the Wall Street Journal scare you out of the market with that DOW 5000 cover? Sucker! After an 11% three-day pop, the DOW's over 7000 again. The higher it goes, the more people will t… -
Something Wicked This Way Comes ; Uptick Rule
We definitely haven't seen a bottom yet; far from it really. All technicals are pointing at resistance: DJIA resisting at 7200 being the main one. Next week will be a big one: watch for March 15th, and then brace yourse…
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