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These formations are all around 40% accurate. This is considered a good accuracy because the pay off ratio is so good.

I thought it was going to 617-619 but after today it's hard to say. It may have bottomed out today. If it gaps up tomorrow morning I would be hesitant to sell my calls. I got a feeling this may have been a bottom. If it does happen to gap down tomorrow it probably will hit 617-619 at some point...

Atticus, do you have any ideas about Apple?

Unfortunately, you're probably right. I bailed out of my long calls today and took a nice profit. I'm going to try and get a better prices.

Why are so many comments you make are so negative? And don't say you are being rational. Get a grip!

One year from now we probably will be in a bear market, but probably won't be lower than where we are now. A year and a half from now, well that may be a different story. As for Bank of America, you obviously don't understand socialism.

I bailed out of my long positions today and took my profits. I'm sitting on the sidelines for the time being. It looks like the indexes are going to continue south for at least another day or two. Big Ben will eventually step in and support the markets.

Can I get an Amen?

Seriously, AAPL looks like it is going to gap up tomorrow morning. I am just guessing by maybe 6pts. If this happens just wait about two hours to get out. If it is a short term top than you may only need to wait < an hour. Good luck and keep your head up. The overall stock market looks like it...

It's uh, oh, for Uncle Ho. Once it breaks out of this wedge he's going to be asking for a front on his next year's tax return and telling mom he doesn't have rent.

Strap on your diaper! Here we go again on Monday. I hope you're wearing Huggies!

Stick with your first instinct! The insiders at AAPL just sold heavily a couple of weeks ago. The insiders are the worst market timers. They always sell way too early. I'm looking for AAPL to hit 720. This would give the stock a 20% increase from where they sold it. The only caveat is APPL is...

Yeah, I think the bulls here are going to be right on the Monday's open. This unemployment number is always being revised more so than any other report.

If Apple splits 6 to 1 it might be allowed into the Dow 30. This would allow more fund managers to purchase the stock and raise the stock price even more.

Try contacting Standard and Poores. These stocks are always changing in and out of the S&P500.

Did you draw these trend lines on this chart or did you use some kind of regression tool?

I'll take the other side of this trade!

Sure, you'll make money 95% of the time, but the other 5% is enough to wipe you out!

Be real care with this strategy. If the stock drops and those puts go up in value by 300%, you'll go belly up.