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what I'm seeing is this, I'm looking at individual stocks wghich are generally where I would consider a buypoint, but they look terrible and ready to break critical support. If good news doesn't come out tomorrow morning, I think we are go down big. (JMHO) CHUBBIE
oversol bigtime, but i wouldnt be surprised if we see a big drop first, didn't buy anything today i'll wait for tomorrow. (JMHO) CHUBBIE
spx contingent up on financials, which are entering oversold with a huge black candle today, I'm guessing a small bounce then down, before a GS lead earnings pop for financials. http://stockcharts.com/h-sc/ui?s=XLF&p=D&b=3&g=0&id=p51448903374gs .
1139, was the big breakout on the spx, I see know reason that won't eventually be tested. (JMHO) CHUBBIE
like the oct. bottom. Technicals are short term, fundamentals drive the market long term. when we croseed into bear market territory a fundamental event occured. (JMHO) CHUBBIE
04, bull market. what was the highest reading during the last bear market. we've been in a bear market for 2 months. (JMHO)CHUBBIE
ben with 50 but it won't help. i hear people complaining about inflation, if we didn't have it, we would have the perfect conditions for "debt deflation" which would lead to a massive crash.Is something to wacth for in the future though. (JMHO) CHUBBIE
be careful out there.
maybe after friday's data Gentle Ben will come to the rescue,but he's been behind the curve for ahwile and at the same time running out of ammo. (JMHO) CHUBBIE
AP just reported no deal yet, so who knows how long this thing will be halted
waiting for abk to open , see if I can get a cci daytrade.
I'll probbaly dump my calls tomorrow, i got more sndk and my avg is now 23.6, that inversion is freaking terrible, ane emrgency fed meeting is entirely possible. I'll put buy triggers and sst's out there and see what hits.everything is over soldbut that inversion can not continue, two more weeks might be too much. (JMHO) CHUBBIE
It was Intel, they're desparate to drum up new business.
banks getting ready, 10 slow stochs, -284cci,
http://stockcharts.com/h-sc/ui?s=$BKX&p=D&b=5&g=0&id=p25875113467
yes sorry,
yes sorry,
i just got filled on q's 43 @.69, slow stochs at 8 its worth a stab to me. (JMHO) CHUBBIE
rimm aapl, possible harbingers, slow stochs of 8 on ndx, they are covering,.(JMHO)
rimm gapfill, might bounce a little. (EOM)
yep, daily looks terrible, but we should see a bounce from fridays one sidedness,i might buy calls if we open down Monday. (JMHO) CHUBBIE
would have to bounce good first, trin is high, low volume almost 10:1 down day Fri. (JMHO)CHUBBIE
where's that sndk guy? notice how it held in the .6 range even though the market deteriorated all day? But its at .74 now with slow stochs over bought. I bought a little at .64, but not much. (JMHO) CHUBBIE
yes, i've used it before but find it just slows me down actually,plenty of people are using cci avg. though, I just never got into it.(JMHO) CHUBBIE
SPX was entering overbought as it apporoached the 50,it failed at its first attempt at breaking the 50 as it sometimes does.It is possible it regroups and attacks the 50 again, its a little too early for an obituary. (JMHO) CHUBBIE
comp green close? (eom0
all I use is 14, 100, -100 on the 5 minute. (eom)
commercial mortgage backed securitys, OUCH!!;
http://www.incrediblecharts.com/free/trading_diary_archives/2008-02-28_yields.htm#commercial
that's on a five minute chart. (EOM)
start watching earnings plays AH, CCI is the way you play the aftermarket for earnings, a klunker like dell -350 cci is good, most of the ones I play I enter between -420 and -450 cci. So ya just sit back and start watching AH results, and see what happens after a stock hits -400 cci, you have to have a good platform. In this range you initially see buying but it can whipsaw back very quickly, some trades only last seconds. Watch CCI, you will see what I mean, its the only way to play the aftermarket for earnings. (JMHO) CHUBBIE
revenue was bad, but i got a good entry on the ol' AH CCI trade.
got a nice trade in on dell, they are reading the numbers wrong, should open even higher tomorrow. (JMHO) CHUBBIE
dell just reported, now they are getting slammed. (eom)
a look at the futures shows they bought it up to 3pm then faded them, no real action, waiting for 8:30 am. (JMHO) CHUBBIE