Replies to post #5495 on Marketgems Earnings Trader- Trading Strong or Weak (MKTGEMS)

[jenna]

The big gap down this morning was great and the dow is still sputtering. For the Fed rally, looking for more upside in COGN and NCEN. Dow index options still in downtrend. Most said yesterday and Friday we were 'at the lows' and we weren't. Now they say its still too late to short. Well after hitting the July lows.. its like the boy who cried wolf (amended to the boy who cried BULL).... After crying wolf for months, eventually the wolf (or bull) might come. This bull is looking a little bulemic though, and the meal might prove too much for its little used digestive system. Its amazing but the BIG GRIZZLY bear might just fill its rather gargantuan belly and feast on the entire bull!!!

[jenna]

COGN.. we still have one more day before earnings so if you decide to hold COGN you are not HOLDING THROUGH AN EARNINGS REPORT...yet. HYSL traded very nicely today as we suspected after it nearly burned up in Hades. COGN might rally same as it did this morning (this is similar to JBL before the report). To hold this through the report is just not valid right now as the report is still a full day away (In this market you can't tell what will happen tomorrow unless you look at the big picture, you certainly won't get a clue in tonight's charts) Let's see if COGN can move up once again above 15.13 this time. (the morning move was quite nice).

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