Back in EBAY March 12 puts at .85.
Looking at the 15 min intraday I believe that is a triangle continuation of wave 2 of 5. My stock price target is 10.95 at the end of wave 5 of 5. I'll keep a tight stop on it. Lets see how it plays out.

I was playing C for awhile. Not sure why but I quit watching it could have made out on it the last week or so.

I picked up EBAY March 12 puts at .70 this morning and sold before the close at .95. I'm going to watch it in the morning and maybe pick up some calls. I like to get a feel for a couple of stocks and just flip back and forth with calls and puts when I see a move coming.

I don't know were everyone else is but I'm up 62%. So I guess I'll have to be happy with that.

I would like to but it wont do me any good to hold if it goes up tomorrow. Can we restart the position later in the week if we close it?

Close me out
Stock symbol = IBM
Option symbol = IBMOP
Bid = 2.35

Out of EBAY March 12 puts at .95 from .70. don't want to hold over night. I'll wait for the next intraday correction to decide what the next move will be.

I'm not sure it finished or completed the Count One maybe a Count Two Monday. Either way I'm hoping for news to get it going.

No problem. I'm still learning EW so I may make some mistakes along the way but I'll correct them as we go. Yes and according EW once the triangle is complete we should see a sharp thrust in the direction of the wave pattern in progress. What should we expect from a thrust I'm not sure but I have a feeling since the DOW is over sold we could have a market meltdown to the target price. Similar to what happened back in October.

I think Geithner will say something soon but it will only provide temporary relief for the banks in the long term. IMO

Primary wave B could possibly be a 50% correction of the entire bear market and primary wave C could test and set new lows for the DOW.

I made a mistake that I want to clear up. The DOW is currently in a major wave 5C that should be followed with a primary A,B,C correction to the up side that could possibly test the 200 ma. The triangle formed with in the major wave has the potential for major wave C's low to be around 5,800. I think it will reach that target very soon. The primary wave C will test and possibly set new lows at a later date.
Sorry for the mistake.

Option contest pick
Stock symbol = IBM
Option symbol = IBMOP March 80 puts
Ask price = 1.45

Yep and the scare part is the bounce back looks like it turns into a head and shoulders on that long term chart you posted.
So is 6000 really the bottom?

I can agree with that a minor wave 4 up then down with a minor wave 5. Primary wave B will probably
test the 200 ma then primary wave C will be the big down for new lows.

NNVC is moving on a Count One.

Do you think the DOW bounces from here?
I'm not so sure about that. I'm expecting to see primary wave 5C consist of 5 more waves down.

Elliot Wave view

In EBAY March 13 calls at .56. A little early but I think it fills the gap.

Locked in profits on EBAY puts at 1.10 from .72. Waiting to see what the next move is before getting back in.

WOW!! Futures are way down.
http://www.cnbc.com/id/17689937/

Good Morning

Yes he's crazy but I like him.

Have you seen it yet? It's from last Thursday.

I know. Thought I would share it with others that might not have seen it.

This is an interesting video some maybe interested in if you follow the Elliot wave principle.

http://stocktock.ning.com/video/video/show?id=2348194%3AVideo%3A16142

Contest pick
Stock symbol = GPS
Option symbol = GPSNVX Feb 12.50 puts
Ask = 1.00

The DOW wasn't able to get back over 8,000 today. Not a good sign IMO. I'm looking for new lows to be set in the markets soon.
Holding EBAY March 13 Puts (QXBOK) in at .72. Unless something changes in the market I don't think I want to be long. IMO

I'm not sold on the end of day rally today in the markets. Best I can tell from the DOW intraday chart is there will
be a back test of 8,000. Only if the DOW can break and hold above 8,000 will I become bullish again.

I see it. Looks like it ran into some resistance maybe it can get through it tomorrow. Still watching.

There are tons of them out there right now that are ripe for the picking. Here's a couple more I want to watch.

Thanks I just noticed it. Thinking about get some Monday morning.

Contest pick
Stock Ticker = COF
Option Ticker = COFBXX Feb 22.5 call
Ask Price = .05

Yep should be good for more Monday. I see a lot of them out there right now. It's going to be fun next week.

C just went into a intraday Gorilla in the Bull Raid.

A few more

A few I'm watching.

Nice looks good Jake.

There it goes WEEE!!!

There's a Gorilla in the Bull Raid for EBAY now lets see it break 13.07 and move higher.

This market is crazy. Still holding EBAY calls wish I would have waited till this morning to get in but looking a lot better intraday.
Needs to break 13.07 come on 14.00.