<<I know people at all the top investment banks on the Street and I have an MBA in finance and statistics from what some consider the best business school in the world. So I'm not worried in the slightest about the quality of my 'game' after refining it via discussions with Ph.Ds and MBAs making 7 figures a year on the Street and running their own funds>>

Man...that just cracked me up. Refining your game with "discussions" with Ph.Ds and MBAs?? <<gg>>

TraderXx

Bingo..eom

ajt..if only people would understand that..well said.

TraderXx

Thats a great response..I mean you are trying to put up something thats just not there. Try learning a little T&A before attempting to use it as a basis for your bias.

Me?...I don't give a crap where it goes as long as I follow what the charts are saying..end of story.There is no "I think" or "I have a feeling" about it....

Its really funny though....some people just crack me up....geez.

TraderXx

Daily SPX:



TraderXx

Think again:



or even this one:



TraderXx

http://www.optionetics.com

LOL..my god...you gotta be kidding.

Well said..

hi jenna..have any thoughts on WEBX?...trying to find a negative here and its not happening.

Thanks

TraderXx

Jenna...any thoughts on WEBX?

Thanks

TraderXx

Have you taken a look at ICPT?...looks ripe for a long? Earnings AH today....hmmmm

TraderXx

XLNX daily chart:



Hmm...what will earnings have in store for us? <gg>

TraderXx

You guys noticed how well JBLU has held up?...$XAL.X looks decent as well.

TraderXx

SPX weekly:




TraderXx

$comp weekly...



TraderXx

Hi Jenna....thanks for all the updates.

There is something I have to ask though because I'm not quite sure the reason behind the puts on XLNX,NVLS,CCMP. It seems to me that from the charts all three have set ups for a further move upwards. I know we are trading in strange times where most of the time the market trades from news driven events, but I'm not quite sure your reasons for being so bearish for these three stocks:








Are you bearish on them from more of a fundamental perspective at this point?...is it because of upcoming disappointing earnings announcements that you anticipate a move down from here?

It seems to me these three especially can be susceptible to bigger moves if anything because of their short ratios...at least thats what I see.

Thanks for your analysis and thoughts.

TraderXx

Larry..its one of my best traders...but after thinking about it..it could possibly be a great long termer...especially when you think about its potential.

Good Luck!

TraderXx

Heres a look at the USPIX:



Time for a lil bouncey?

TraderXx

Jenna..have you ever taken a look at MGAM?:



Don't know why this stock interests me. It seems to have great financials and growth for a long...hmm....higher short interest, but I guess that was changed in the past week. The chart doesn't looks bad as well.

http://www.forbes.com/2003/03/21/cz_tm_0321sf.html?partner=yahoo&referrer=

excerpt from link:

NEW YORK - When it comes to figuring out which companies are doing a good job at making money, few measures can beat return on equity, or ROE. The calculation for ROE can be done in a couple of different ways, but all methods basically divide net income by shareholder equity. In short, shareholder equity is what's left over after you subtract all liabilities from total assets. ROE assesses a firm's profitability, asset management and financial leverage all in one metric.

"Multimedia Games (nasdaq: MGAM - news - people ) tops our list with an ROE of 52%. The company designs and develops interactive bingo and lottery games that are sold to Native American bingo halls and has annual revenue of $315 million. Shares of Multimedia Games have declined 48% over the past year and now sell for eight times estimated 2003 profits. Earnings are predicted to rise 38% next year to $2.41 per share"

Hi Bob..like your work on your Market Sense Thread:

http://www.investorshub.com/boards/board.asp?board_id=41 .

Thought this was interesting as well:






Of course...this is only the beginning of the week. As we get to the end...the better we can tell.

Good Luck!

TraderXx

Hi ajt...is this what might be forming?:



TraderXx

Hmmm....a look at a possible formation on the $COMP?:

EBAY chart..



Notice it hit that line on 11/22/02...the stock price didn't pull back so much after RSI pulling back off that red resistance line and then proceeded to become even MORE overbought <<gg> Thus..with this nutso cult stock..one always has to expect the unexpected. But hitting this resistance line again on RSI..is bound to produce a better signal for a short. Guess we'll see.

TraderXx

Hi bbgold..got out even.The stock was too strong today...so decided to move on. I think I've been stopped out nine thousand times in the past months. Oh well...gonna move on and see what this market brings us.

Talk to ya later!

TraderXx

P.S. Got a short signal for EBAY <gg>

Yes...shorted at open..stop at 31 cents...also BRCM

Looks weak...guess we'll see <<gg>>

Thanks,

TraderXx

P.S. Are you in anything?

$SOX....



TraderXx

Well boys and girls...think I'm gonna short XLNX, take a look and tell me what ya think:





Again..I would think its gonna fall here, but I have to stress charts aint nuttin compared to "news", so place your bets accordingly <<gg>>

TraderXx

Speaking of ROOM: <<gg>>





Regarding EBAY....it looks like the only way to really play something like EBAY is to slowly scale into the short..when it gets this high on a relative strength basis....IMO. I know we have a risk at going higher and especially with a psycho stock like EBAY. Thus..my reasoning of scaling into it slowly when it gets so overbought like it is. Yes ..technically if it breaks the $70 area..it seems like the bottom would fall out, but I guess I'm a little more greedy than that...lol. I would hate to miss those 9 lovely points in case it DOES fall from here..<<gg>>

Anyway...hope everything is well and Good Luck!

TraderXx

AMZN charts:





TraderXx

Charts of the wacky and weird:

Chart Perspectives:

Take a look at this:

For those who don't know the USPIX, it works "opposite" the market or inverse to the market. So upward movement on this chart means short probability is higher. And vice versa....



If you will also notice the red resistance lines on the RSI. I assume thats where technicians are looking for this chart to shoot for in the coming weeks. Time will tell I guess...

TraderXx

So...which is it gonna be?...lol (eom)

TraderXx

Par example:

Might like this one as well: