Rutt Roww, Elroy. Shorting it?

Jerry Sanders, CEO of AMD, doesn't have much credibility with anyone. I don't give any credence to his statement.

Zeev,
Does the fact that we penetrated 1388 to the downside during yesterday's swings after the Fed announcement hold any significance to you?

Thanks,
BullDawg

Paula,
Just a wild guess but I think that means "Precious Metals".

That 3.7% growth is a YOY comparison to the month following the terrorist attacks. Pretty anemic.

I heard you Cannabis, but I'm not listening to the conference call. It does appear that they CSCO had a quick drop after hours though.

BullDawg

Is that your guess or is that what was reported?

Enormous gains? Based on what fundamentals?

So Easy Al is really just a Financial Terrorist in disguise, holding a proverbial gun to all the little old ladies heads and forcing them to buy tech stocks. Interesting.

I'll be happy to take some money off the Fed's hands if they'll pay me to hold it for them.

How many headfakes will we get this afternoon? The up-down, the up-down-up, or my favorite, the up-down-up-down.

Canabis,
You see a possible gap down tomorrow? The Naz has formed a nice falling wedge over the last 2 days and is close to breaking out of it here. This portends more up.

BullDawg

Thanks Ajtj. eom

Ajtj,
Do you think that regardless of what happens today and tomorrow that we are heading down into next week's option expiration?

Thanks,
BullDawg

Zeev,
Interesting that we bounced at the end of day right at your 1388 number.

Does the Naz candle still qualify as gravestone doji since the close was 2 points higher than the open?

Where's the PPT? You think they would be jumping in here to prevent a reversal a day before the election.

OT Optionkid,
I'm not taking it personal, just getting in a few jabs. All in fun. By the way, I'm not certain the Dawgs will make it to the SECCG. They have to beat Auburn to do it. They always play Georgia tough.

Rich,
I'm disagree. Gayturd fans got spoiled under the Evil Genius and expect minimum of SEC championship. Not impressed with Zook at all. With the talent he's got, how did he lose to Mississippi. He turned a Heisman trophy runner-up quarterback into a mess. Screams at his players like they are prison inmates.

BullDawg

OT Optionkid,
With Zook at the helm, beating the Dawgs will be the highlight of the Gayturds season from now on. No more SEC championships for UF with Darth Visor gone now.

Sylvestor,
I know we're overbought here but why wouldn't you wait for a test of 1425 before going short?

Thanks,
BullDawg

Jeffrey,
You're welcome. Obviously the August high on the QQQ was taken out as was the falling resistance line from Sept 2000. We'll have to wait to see if it closes above those.

BullDawg

Jeffrey,
I also shoudl have pointed out that the high on the QQQ during the August rally was 26.21.

BullDawg

From the chart I'm looking it appears the QQQ will open right on the falling trend line from Sept 2000. If the market is going to pull back at all this week, IMHO this would be the most logical point for it to happen.

BullDawg

Joseph,
I believe IMTO stands for "in my technical opinion".

Thanks Zeev.

brainlessone
What in the world. Conjugated horse urine estrogens? LOL

Limtex,
How many earnings upgrades do you think we'll see for MSFT on Monday?

I wouldn't short a 3 dollar stock. Would you?

Sun's McNeely is probably pulling his hair out as he calls his broker to dump some more of his SUNW holdings.

Zeev,
Is your 1388 number derived from the Sept 2000 falling resistance line or from the proprietary turnips? What are your thoughts if the Naz closes above that line next week?

Thanks,
BullDawg

But it seems that nothing else AH is moving up other than MSFT.

Zeev,
Are you considering taking off the bear suit?

1380 next week would be a penetration of the falling resistance line from September 2000. The naz has not closed above this line on a weekly chart since that time. Do you think the market will take it out next week?

It appears the bears are fighting a losing battle here. The bulls are armed with secret weapons for which the bears have nothing to counter with. Third try here at 1347 could be the charm for the bulls.

OT Mlsoft,
I think those coaches are due a mulligan. They've had a lot of good years since Fulmer took over.

BullDawg

OT Mlsoft,
I heard they changed the title of the Vols fight song this year from "Rocky Top" to "Rocky Flop".

GO DAWGS!!!

Sorry, couldn't resist. ;)

BullDawg

Well they normally break down and that's where I put my money although I have to admit that last hour ramp job has me somewhat concerned.

Wahz,
To me it looks as though the Naz is forming a descending triangle over the last 2 days. It should resolve tomorrow, Thursday at the latest.

The QQQ made a $5+ move from the bottom. Wouldn't you expect at least a 50% retrace of that, somewhere around $22.50 or Naz 1225? That would fill the second gap of the rally and get us to Zeev's 1222 number.