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After DELL it sold off initially in the morning. So shorts might NOT be toast yet. They'll add.
Zeev,you think 1426 will be taken out this time? Thanks.
Market's showing strength today.
Zeev,you think 1426 will be taken out this time? Thanks.
Market's showing strength today.
Zeev, your opinion on MRVL will be appreciated. Their earnings are coming out 11/21. This has run up 25% last 2 sessions.
Do you see it going higher or flunk after reporting. Thanks Much.
Train Guy, I meant shorts should give temporarily, and let the bubble heads create another and take it up, That will be a great short oppurtunity. I am short myself, but it ain't worth playing 20 pts. down and retrace all back EOD.
what time frame is Alan looking at, immediately, few weeks, months ?
No one would have guessed this morning that we would end in green with the semis down grades, productivity et all. I think shorts should give up , only then some rational will seep into the markets.
Quiz time ? we end in green or red ? Kidding ? Amazing the way last 3 weeks we shrugged off the bad eco news.
Zeev is your Bear Suit back yet from the cleaners?
AlQuaeda moves our markets ? Not TA/FA's ?
I mean short term, like this week when i expected to see below 1300 before going back up, but mved up faster then it fell and it is hanging in there. It is frustrating for put holders like me as they don't move as we aare flat or up for the week, past 4 weeks.
Yeah long term bears won past 2.5 years.
The markets are behaving as if we are in a BULL market. Amazing NO amount of bad Eco news can bring tis down. This is frusrating to the bears.
Maybe we will see 1480's before any sizeable retrace.
Donno how and what they can spin next week, with earnings reporting almost finished.
Donno if we see 1280 first or 1480 ?
Zeev, do you think we end naz 1360 today? or higher. TIA
Syl, hope the crap is atleast 1380-1350 .. I am giving up on the 100 naz pt.retrace until atleast 26th. IT is going be choppy i beielve. qqq might not see 25.0 even towmorrow.
Zeev, do you think QQQ can be at 25 towmorrow to kill the calls? With DELL out maybe the productivity numbers, consumer confidence will be key to spin the markets.
I have no faith in those "cooked up" numbers. But they always interpret it the way they want to drive this market...
If it doesn't retrace here today/tomorrow, the Calls options will make a killing profit. I don;t see how they can sell iff tomorrow,(with dell reporting), but thet have to.
Ah .. Maybe the Consumer Confidence will give them a reason ? Who knows ? Play their game to make money.
IT is amazing, we still have LOT of buyers here. Looks like they are buying into the "EXPECTED POSTIVE DELL REPORT" and GUIDANCE ? Donno where and when we will have a pull back. Bought puts and will sit.
G & C ?? this morning
Zeev, Do you buy brcd here ? TIA
Looks like they will NOT let the indices fall so soon. Holding these levels ?
Looks like they will NOT let the indices fall so soon. Holding these levels ?
Ml, i am sick of watching this "Sick" rally based on ALL BAD ECO NEWS and ALL LIES. Hope we will have a good breath correction soon. Otherwise if we see 1500, CNBC will start touting birth of the NEW BULL, here to stay few years.
CSCO might put the CROWN on this Rally ?
IF republicans win ? Wonder what and when this thin rally can stop ? Sounds Bizzare ?
Zeev, With all due respect to the turnips, I Just HOPE we don't take off 1388. I want that 'cos i'm short too from 1347.
We strongly felt 1347 would NOT be taken, But they took it.
I agree SELL the "GOOD" NEWS , But I hope the Smart Money plays it that way. Honestly, I don't know who is buying at these levels, obviously only the smart money can do this. So the ramp up game will end when they are done with it.
Bullishness is at its ALL time high in 15 years, some report says. Who knows. I WISH you are right this time too as you were when ALL were after you at 1110 naz. level.
Zeev, All levels until 1425 will be taken off. All of us (including you) have been predicting a pullback before resumption. It is not going to come i think. I give up. When we had barrage of negative eco news, they ramped it up. Do you think now with msft, election, fomc etc. we will pull back. I think atleast NOT until wed/thurs. Better take losses on some shorts on monday.
It will NOT follow any TA/FA think, But more so just EVENTS.
Here goes 1347 ? Bizzare action, BAD NEWS .. simply RALLY.
Zeev, ccmp broke through its 47.35 level, can shoot to 50 ?
Will be interesting to see how they spin this today.
Employment Cost Index +0.8% vs +0.9% consensus :
Jobless Claims +16K to 410K vs 400K consensus :
GDP +3.1% vs +3.6%consensus; final sales +3.2%;PCE prices +1.9% :
I will be surprised if it is an UP day ?
Wall Street looked set to start firmer on Thursday, with Electronic Data Systems (NYSE:EDS - News) boosting techs,
Thiss is the same company few weeks back got butsed on earnings shortfall and now BOOSTING tech?
Mlsoft, don't you think the upcoming FOMC is also holding this market up ? With Merrill et all touting a rate cut ( I don't expect anything to happen at this meeting though but stay PAT), I would say the markets may hold up or go up until FOMC, which also coincides with elections and CSCO earnings.
Markets may fall after nov 7. IMHO . who knows?
But the crooks can ramp up the markets beyond 1350, if the report is positive. IT is all a game.
What would be the close today? Any guesses ? They are making it look that 8220, 1280, 870 levels gonna hold ? My take is that they'll be taken out soon.
You mean market will NOT fall until end of this month ? Then we have the election dressing coming up first week up Nov. So we'll pretty much go up or stay flat until 11/7 ?
CCMP down pre market ...
7.15 AM Cabot Micro beats by $0.01; says demand slowing (CCMP) 43.75: Reports Q4 net of $0.47 a share, $0.01 better than the Multex consensus. Revs rose 26.9% to $65.3 mln (consensus $61.31 mln). "Unfortunately, in the last month of our fourth quarter, some of the strengthening in our product revenues which had occurred earlier in the spring and summer did not hold, and it also now appears we are entering fiscal 2003 with customers decreasing their level of demand for our products from these earlier levels."
Where do think this rally to end then? Atleast there will be no pull back this week? qqq 24.6 is the 75% trebnd line from its lows, and none of the bear rallies have taken off the 75% trendline so far this year. But looks like it gonna do that towmorrow as easily as cutting through the cake.
Zeev at this rate, with the prospective end of quarter/window/election dressing looks like we'll take out 1400 by end of the month. No retracement.
I hope this'll end soon, before mmm breaks to new highs, and dow goes to 9000 and nz to 1400.
leon, is ccmp reporting before or after market towmorrow. Etrade has it reporting in the morning.
Zeev, does this action change any pullback scenario? or it is still on ? TIA
Lotsa resistance at 1280? Looks like it will take out today