Lot's of chatter about August 22nd as being a date to expect the worst from Iran. Pretty interesting reads on google when you Google Iran and August 22nd. The attached link is of particular interest. Crazy stuff out there...

http://www.freerepublic.com/focus/f-news/1680269/posts


I would not want to be long any Isreal stocks right now - FLSH, AUDC, etc.

This day was good if you were long, but Poker here is where you and I differ. I think we have a little more to the upside, maybe to $38.20, but my shorting finger is definately going into effect tomorrow. I see Thursday as a bear payback day, and the old generals of the market - ala MSFT and IBM begin thier march down, taking indexes with them.

In edit, the generals might begin diving tomorrow - especially ORCL! Lots of shorts to choose from....

Got to be quick to change sides in this market!

Yep. I'm about ready to strike.

Looking at anything reporting tonight? AMAT, etc?

Your gonna owe me a quarter. Do you want my shipping address? LOL!

By the way, I'm on the long side of that one. But will engage shorts by Thursday this week.

Everybody's jaw just dropped to the floor (lol). Pretty fun stuff.

Expecting Coke, Kellogs, Bud, etc to get slammed before we are done on the downside. Remember the phrase - "The Generals must fall"? MSFT and IBM could use another 20% haircut too. Small caps double the pain - entering CRM short, and probably RNOW too. I was probably premature with my MRVL and BRCM, but its only a small comittment so far. I will probably short double my positions in those to protect and profit a bit. Looking for more shorts as always. Should be an interesting September..

Take a look at RNOW - same industry as CRM and reports a week later with 130 PE. The chart looks like it wants more down too after CRM reports, and ORCL looks toppy. Software about to get clobbered!

Will be taking a large short position on CRM tomorrow. Holding through earnings massacre. Expect 20-25% haircut ater report. PE is the 100's, and all growth companies getting punished right now. Volume over last few weeks looks distributive to me.....(all IMHO, of course)

Justin - what's your thought on CRM. That chart looks like a 20% haircut after earnings this week. I'm gonna take a full n short tomorrow.

Hope my CA long gets to $24 iver next few days...

hmmmm... Down on heavy volume prior to going up on light volume = up. No kidding, I can show you thousands of charts of that nature, especially at bottoms. The down volume masks buying. Heavy buy volume usually occurs at a top (unless there is consolidation afterwards at the top) and distribution is being masked. I've been trading the markets for a while, and if you look at my history, have been one of the early people at this site when it started. But if I want lessons, I will ask you next time, thank you. See ya on the upside...

Actually, the low volume rise and late day pullback is exactly as I hoped. It's a very noticeable candlestick that happens before the bulls come a runnnin! Tomorrow should be UP BIG!

LOL! I went long shares on CA at $21.73. Let's see what happens.

;) Nice to be on the right side of the trade over a weekend, huh!

Hi Syndicate,

Nice board and good analysis here. I do need to make one comment, however. In regards to cycles, I am a believer, but there is a reason why there are window times offered, and I have heard that the 4 year cycle could bottom anywhere between NOW and March of next year. If what you say is true, and EVERYONE is expecting it to come in October, then by defination the weakness ends sooner than EVERYONE expects.

It also reminds me a lot of when I hear people say - "The market is rising on lower volume than it sold off on. No way we are going higher". What JOE PUBLIC and even many savvy traders don't understand is that the large orders taken by market makers are filled over several days. And at the tail end of weakness when there are no more shares to sell when someone wants them, an attempt is made to RAMP DOWN the price to get shares. Once accumulation by the big boys is done (and its often hidden in red volume bars),lower volume begins the next rise up.

I like MRVL here right now for a long term hold, and actually bought today at $17.51 (I posted my buy real time on another board today on investorhub). The volume that last few weeks has been low, and the weekly chart looks awesome.

Keep up the good work and good luck!

Covering my $55.14 FFIV short today at about $41. Good enough and long enough. Think we have significant upside coming next week.

Took home BRCM at $25 too. :)

Went long the chips today - MRVL at $17.51 and now BRCM at $25.00. Me thinks SOX goes up 10% to start off next week to 440. I can't believe all the bearish talk out there. Brings back memories (lol)

Call me crazy, but I see the SOX going up 10% next week to 440. Hmmmm..

And I'm thinking that might be by Tuesday too (lol)

Im going against 95% of the posters out there today and initiating longs. Just took MRVL at $17.51 to start it all off. This is going into the intermediate hold status.

FOR SWING SHORTS ONLY - XMSR gunning for $13.50. A very good short for someone wanting to hold it through several Q's of earning reports. The volume the last two days is sooooo distributive. Will pay off huge IMHO by end of year. Target is under $6 in 6 months, which is over 50% in gains..

Nice calls and nice site. Congrats to you. What it your roadmap look like after your $37.60 on Monday?

No offense taken. After reviewing the thread header, I will willingly cut down on posts that are not in view of the "longer term".

FYI - I think we are within DAYS of the buy and hold low that has eluded everyone (myself included) for so long. Even though we have an 80 week cycle coming up in the next few months, I don't think it will take us back to these prices. Sooooooo all this pain you are feeling now is almost over IMHO. AMAT, NVLS, and yes even BRCM (after the option issue is setteld) will go to new highs. Good luck!

Your not out of line,and I'm sorry you feel that way. And where is my post that says a "crash" is coming. Said no such thing. Sorry for your pain, but it's exactly why I stopped playing just one side of the market (the bull side) since 2002. If a chart says go long, I go long. If it says the opposite, I go short. This isn't Star Wars, and there is no "dark side" LOL. It's the market, and I hope it treats you better soon.

As for wahz, I think he's frustrated at the market, and since we all know where he stands on the market in the next 12-16 months, he doesn't see the need to come in here to remind people about his stance.

I think we see a huge buying opp next week. And then a huge selling opp 2 weeks later. Effectively, we will end up close to here next month on the QQQQ.

Wish I had some of that PMCS short! Going under $5 tomorrow?

Long gone are my BTRX shares (LOL). I'm liking the FFIV short to the $30's, probably cover at $38 or so.

Yes. I have been pretty lucky with my calls so far (thats not always the case), but trading the market since 99 has taught me a lot of lessons.

Looks like it delayed until 2:30pm today (the dump). Last time to get good shorts..

Holy CARP. I just saw PMCS. Yikes!

DUMPEROO TIME. CSCO down another $1 from current levels before any bounce IMHO

MAjor dump eod today is what I see. Joe 6-Pack needs to get nervous over the weekend, and a spike down for Monday will get the bear juices flowing just in time for a nice bounce that sustains more than a few days.

Double WHAMMY! YAHOOOO! MSFT up 6%, FFIV down 7%. :) :) :)

My SBL holding up like a CHAMP today. ;)

Playing earnings today - FFIV short (big postion, god help me), added MSFT long.

You got that right. I work in the IP services space, and it's been slow going.

FFIV bid 10% lower than it was an hour ago. They are bringing the equipment sector DOWN.... ;)

And SEC probe results due any day now.

JNPR up right now, but I think guidance will kill em. I would pick it up anywhere in the $10-12 range.

Edit: Not expecting it to get to $12 off this report, I'm thinking a few months out still.

JNPR collapses tonight, which will help my FFIV short...
All FIV volume today is distributive. $30's on its way.

Ready to unload CSCO soon. Adding to FFIV short too.

AUDC triple bottom at $9, currently $9.45. Good area to short if one was inclined to do so. I like the company and want to be long it for a 12-16 month hold, so I'll just wait to take a long postition once it gets in the low $8's (which I think it will)