Bear flag broke, it's sledding time. http://bigcharts.marketwatch.com/intchart/frames/frames.asp?symb=nasdaq&time=8&freq=1

Watch it! Bear flag...measurement 1220.

Zeev..I see why your thinking 1757 area now but that will take a lot to get it there...agreed. I'll take 1550 for now and be happy. http://saavycharts.com/

C'mon now techie...you said you'd jump feet first at 1100. Better get you swim trunks on....the sharks are waiting for you. ROFL!

does anyone know why gnss did not join in the party today?
SOX was weak...maybe tomorrow they catch up to the others..need something to ignite them.

tony...NVDA...I missed it. Will only day trade it now. I don't chase. Went long GNSS this morning at 7.26...waiting for a puch. C'mon SOX ...can ya help a brother out? LOL!!

cannabis...not on the dailies it isn't. How about a bullish engulfer with a stochastics crossover twist?
http://stockcharts.com/def/servlet/SC.web?c=indu,uu[w,a]dacayiay[dc][pd20,2!b50,200!f][vc60][iLi14,3...

LG...busted. 1280 here we come.

GNSS getting me roiled up. Hopefully earnings tomorrow pops it...YEAH RIGHT...LOL!

Zeev...the past 2 days wiped out the months gains...one mean bear. even turns on his friends like gold too. LOL! Relentless.

Zeev...I wish I knew. Ughh..these knifes cut me up the past couple of days. Gold crunched me good this morning. Back to cash....waiting....licking wounds.

Zeev, with the 8-14 deadline coming for certifying earnings, I don't see how we can go up. The restatements could end up being horrific if they tell the truth. LOL! Maybe a late August early September bottom for this bear after the kitchen sink syndrome hits the market?

USD screaming..+1.73 106.48

GG reports tonight also.

Zeev,

Think we have to kiss the 1200-1220 trendline area first..what do you think? Do you like gold and silver now with this blast down?

Loaded the boat full of gold and silver.

Tony...Well, 15.62 was the stick low recently. However, I think we need to see Dow 7400 and NASTY 1200 before we can make any move up. Can't slow down the redemptions right now.

Paul A...it was a bounce trade. That's all. I don't even care what they make. Was trying something and it failed miserably so I was stopped out.

Indices all red again. This process could take awhile...hard for a PM to fight incoming redemptions. You can't buy without money.

I capitulated this morning on NVDA -1.75 from yesterday...everything getting whacked. The bear got me this time.

Zeev...ditto. Underwater for now but you have to love those high beta stocks on a bounce. LOL! Being patient....sigh...but it's hard.

Zeev, What do you think of NVDA here? Thanks.

OK, I'll take 1500-1550 for now. Geez, beggers can't be choosy. ROFL!

Zeev, since we exceeded the 1296 target, would that give us a better shot at the 1757 area now or am I dreaming. Thanks!

Ughh! Broke 1296...1250 next...that HAS to hold or else.

FinnTroll...Geez, you stole my words. Except concerning Clinton...you forgot White Water, Monica, Paula, Vince and various other characters that were in the limelight or ended up dead. Mrs. McDugal was the only women who ever helped Clinton by keeping her mouth closed. Enough said. I don't care what party they are with...they ALL have dirt on them.

OT horesegirl..I promise this will be my only political comment...Do you really think any president has any control over an economy? It's all about the monetary policy and rarely the fiscal policy dear. Blame Al for printing the money, not Bush. More importantly, blame the consumer for living beyond their means and ruining their purchasing power by maxing out their credit cards and not saving anything. There will be a drastic change for us and the way we consume over the next couple of years.

Zeev, Yep. That's what is real scary. If the NASTY breaks that 1250 trendline...Oh man. Were in a heap of trouble.

Zeev, were going to get one hell of a snapback rally when it turns. I might buy Monday's open. We have to see a big gap down I would think unless the PPT enters the futures premarket.

Butt ugly. Shaping up to be a rotten close. The press will accent this over the weekend so expect another blast down Monday morning.

Just a thought...been looking at a lot of the dailies and many are close to being overbought on stochastics already. Just wondering how much punch we can muster on a rally. My guess is not much...a stochastics pop is possible much would take a lot of volume. Staying with the generals for this next run only.

Waiting to see if the Q's turn for a clue....nothing so far.

Triangle is now DOA. Broke to the upside...lots of surprises on expiration.

Don't know...support at 1326 then 1315 then 1296. Have to break through the first 2 to get to 1297 target.

Triangle broke...bombs away.

Heads up! descending triangle at support on the COMP a minute...measurement 1297 on a break...how ironic!

Thanks Zeev. I'll probably pick them up MOC if the internals stick...it will be a rough last hour unless there is a rat tail short covering.

Zeev, do you think VTSS will participate when the rally ensues or is it flat after their reportcard? Thanks. Still dragging my feet on the purchase....give me a push please. ROFL!

Anyone going long yet? About to step in the tech waters.

Dumped GG and PAAS on the strength. Waiting for a fade.