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This guy is a joke and if by chance he is for real, we all know he will have his head handed to him on a platter.

I'm not calling for a bottom by any means.....i'm just curious at what other traders think.

Looking at key resistance levels here on the naz and sp cash. Naz key level is 1355, sp cash is 940-950 area, and the sox is 340-350 levels. I will be aggressively adding puts and shorts at those levels. If we break on volume, i'll happily cover and go long.

Agreed....MSFT ran like a bat out of hell today. But it is up against some big resistance.... Elliot Wave followers say we will see a final wave 5 top tomorrow and then a decline to test the lows. One thing's for sure....won't be dull!

QLGC was fairly weak today and didn't rally like the rest of the markets. It did finally kick in toward the close, but the tide lifts all boats. Looks like a gap up tomorrow to the top of the downtrend line and we'll see what happens after that.

ha ha ha ha ha.....i don't think there is a single trader here who can't relate to that.:)

Why Rigel?

Well, for the record, I'm not Lundy.....although I am interested in hearing his opinion as well as everyone else.

I know we had a huge discussion with hundreds of pages thanks to Lundy, but I thought I would spark additional discussion since a lot has happened since then. So, do you think we've seen the bottom? I don't think so because the monthly chart for the SP 500 is so ugly. Looks like we broke...

Looking at the chart, QLGC is now in a nasty downtrend and the macd on the dailies is in a full sell. I picked up QLGC sep puts today because I too think QLGC is headed for the 20's. It is one of the few tech stocks that have not yet hit its sept lows. Look for it to happen sooner...

Anyone have an opinion on if and how max pain levels come into play? Max Pain for QQQ is 23.00 Max Pain for OEX is 445.00 I am a strong believer in max pain levels, although I don't hang my hat on any of it and I certainly wouldn't make a trade purely on that information.....

Looks like we are setting up for a recovery high of 940 on the SP Cash index. Markets will have a rough time moving through those leves. Plus, don't we always seem to rally during options expiration week? Time to start adding puts.... BB

Interesting how strong the sp 500 and the dow are.....yet the semis are so weak. It is only a matter of time before the sox is under 200. Any thoughts?

This sounds a lot like the opposite of the big bubble that is still currently deflating. People were so bullish back then you couldn't believe it! Yet, the markets kept going up and up and up and up...... Basically, we got stupid to the upside and now we are going to get stupid on the...

This guy is obviously an idiot, just trying to provoke everyone. I don't believe this perma-moron believes any of this stuff he is spewing. Isn't there a moderator that can close this thread and get this guy out of here?

Bottom line (no pun intended) is that we will never see a bottom until guys like this perma-moron absolutely and positively hate stocks. Once these people dump everything and anything at whatever price they can get filled, then and only then will we see a bottom. Otherwise, we will...

So what do you all think of the end of the day rally? Was it short covering by traders in order to go flat over the weekend? Was it real buying? Are we headed back up after a minor pullback? Is this the bottom for the naz? I'm am interesting in hearing your thoughts for the...

I nailed OEX 440 puts to the wall today. That was very nice. Also rode KLAC into the ground. Covered 1/2 at close, holding 1/2 overnight. Naz is dead. Will consider SMH puts into strength tomorrow....

At this point, my target on the downside is the gap in the spoos. If we look weak and it doesn't look like that gap will hold, I'll hang on to my shorts and puts. Someone yesterday on this thread mentioned the buying pressure that came in during the afternoon yesterday. Today we saw the...

Wow, what a day. I did manage to pick some OEX puts up this morning and they did quite well. Now the question is, will we continue to go down now, or will we bounce of off support levels?????:confused: