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My bet is that internals are so ugly, that it has to get better, before itgets worse :)
And a few other things, like very high equity put/call
Market is not falling apart at the close. Tomorrow can be a "gap the futures up, trap the shorts" rally.
Quite a few positive divergences on 60 min charts. Especcialy in semis.
bought more INTC calls. bottomy action today.
No :) lol. Just looking for a short term bottom here. Maybe a one day wonder rally.
Bought SPY calls. probably a mistake, and thisis the great crash of 2005.
Major support area on S&P 1178. We are here now.
SOX just went green. Huge volume on SMH.
Good target, but the sentiment is getting pretty bearish. CNBC sounds depressed. Most boards are shorting into the decline. Equity Put/Call seems very high this morning. And volume looks capitulative. Thats why I this I think we're close to a quick short covering spike.
Plus its Wednesday before opex.
And technicals on 60 min chart look very oversold and starting to develop positive divergences.
The Fed has been saying for weeks, that they won't come to the market support. Bulls just kept hoping, but reality bites.
At this point I'm betting that the great crash of 2005 will be stopped around here, at least for a fast short covering spike.
well, this is either the great market crash of 2005, or this market has to bounce today or tomorrow.
Bought OVTI at 11.8
Very heavy first hour volume and high opening Put/Call.
Yes, dumped at the close yesterday. Was a horrible trade.
Bought BEBE again under 16. And a few QQQQ calls.
Thinking of buying a few S&P and some more QQQQ calls sometime today. Market should be ripe for 15-20 point rally in S&Ps sometime between now and opex.
RSI 5 has been oversold for days, and today is Wednesday before opex. Good bet on a turnaround day.
I don't think this will break down from here without a fight.
Yep. I think we are very close to wash out. I'll be buying more QQQQ calls tomorrow.
Idealy we get to arond 1175 on S&P tomorrow and then reverse.
Why is AAPL selling ?
Covered half SNDK under 50 again.
Market looks awful. But I still think we are due for a bounce.
AMD earnings tonite ? Time to go long ?
They make a lot of flash .
Yep:) RFX not looking goo., though :(
Bought a little RFX here. I think its overdone. But then again,who knows what skeletons are left in the closet.
How good Cramer really is ?
http://www.booyahboyaudit.com/
Market looks pretty spooked already :) I think there should be some squeeze the shorts releif bounce very close.
5 day RSI has been under 30 for the past 4 days already.
Covered all BRCM at 43.5 went long for a bounce with a stop at daily lows.
Trimming down shorts. Bought INTC 22.5 calls.
I feel a tradable low coming on. Bidding for some QQQQ calls here, just in case.
Speaking of monthly charts....
http://traders-talk.com/mb2/index.php?showtopic=42752
TXU back into shortable range ?
Wow. Someone really wanted those YHOO puts. 5000 contracts trade went through. Cramer will be "mesmerized" again :)
lol. comparing to the last few days, even 3 point move is action :)
But that said, I just sold a bunch of 310 puts at 9 from 6.8.
Working out well so far. Still keeping some in case the we get more action :)
I think GOOG options are now my trading vehicle of choice. Minimum exposure and moves only half as fast as the stock. and can be very profitable.
Finaly some action in GOOG.
Bought some YHOO Nov 35 puts on average 1.65
I'm already out of those puts with nice profits, and Cramer is still standing there "mesmerized", trying to figure out what happened :)
I'm still short GOOG and trading some 310 puts on the side. I wouldn't go long above 300 on it. 60 min chart BBs are extremely tight. Its going to break one way or another soon. I'm betting its down :)
I was originaly short CHS from around 40 to 32.5 Was a pretty good trade at the time :) Now its ripe for another round. Look at insider selling on CHS and the price to sales. As bad as it gets. Very overpriced. Reaction to earnings last time was very weak too.Margin concerns.
Don't miss this shortable bounce on YHOO. 34.6 is a great price. It won't break 35.Optimism about the stock is extremely high. Heavy open call position at 35.
I stopped out of CHS when I was buying AEOS and others long, but I'm back in above 37 already. Posted it a couple days ago.
short INFY for earnings tonite. Just a small gamble.