Thursday, October 16, 2008
OH OK - Google reports tonight. If Google blows the heck off earnings we could motor higher as they will trigger off some short covering in the markets, now IF they miss look for GOOG to test that $275.
Targets
Ok folks I am off for the day but seem like we will test 835 on the S&P again. That was last week lows and this I believe will get alot of people scared. Remember I said dont get happy about that 900 point day up as the biggest up days are in bear markets. We have completely wiped out the gains of the huge day up and heading lower, maybe this time they give us a nice flush then we will establish a nice bounce.
GOOG
GOOGLE trading @ 311 here a level I spoke about about 2 weeks ago. If it dont bounce here it should see $275. It must hold that $311
Wednesday, October 15, 2008
TRADE CALL UPDATE: EBAY SHORT
EBAY just reported earnings and bang they missed. So that short call was sweet. I think EBAY can trade down to $12. easily so keep that short on and ride that baby down.
Also how is that QCOM Puts play doing????
free money folks FREE!!!!!!
ONLY WINNERS HERE!!!!!!!!!!!!!!
Also how is that QCOM Puts play doing????
free money folks FREE!!!!!!
ONLY WINNERS HERE!!!!!!!!!!!!!!
No safety
Well hey this is reality here. Bailout will and isn't working, buying stakes in banks wont help, the fact is we are just in a contracting environment and worse we are experiencing deflation across all asset classes.
The DOW is in sell mode and I dont see any form of panic yet, which is scary. No panic means we can go much much lower before we even get a meaning full bounce in this bear market. With 3 minutes to go we are the lows of the day and we have completely wiped out the huge day up of over 900 points.
Don't buy, don't buy, play short and you will be happy we are in a bear market.
MARKETJEDI
The DOW is in sell mode and I dont see any form of panic yet, which is scary. No panic means we can go much much lower before we even get a meaning full bounce in this bear market. With 3 minutes to go we are the lows of the day and we have completely wiped out the huge day up of over 900 points.
Don't buy, don't buy, play short and you will be happy we are in a bear market.
MARKETJEDI
TRADING FUTURES
Guys you have to get on board with futures trading. We are constantly getting days were the DOW is moving 500-1000 points. We will get these wild swing till the VIX come down below 20 which could take awhile. Take opportunities when they arise as in this time. If you are a real traders this is the best market ever because of the volatility.
I will be posting some stuff on futures trading and possible giving a class if I have enough people interested.
MARKETJEDI
I will be posting some stuff on futures trading and possible giving a class if I have enough people interested.
MARKETJEDI
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