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Covered IBM 95.20

If there is a sell off (looking for 5-7%) then scale back to the weeekly chart and wait until you see a volume spike followed by a snap back from the lows in the CCI. Then it is a good bet that the dip can be bought. To say that bottoms were easier to call than tops would be a huge understatement.

Fair enough, and I agree. By the way Eqtrdr(100% up guy) is being sarcastic, my guess is that he is either short or can't find value at these levels.

Calling people morons and maggots, really what's the point? You are making money aren't you? You should be happy not angry and bitter.

Over 6 now, I'm frankly surprised at the muted reaction in the qqqqs and NQ fut.

Check out gutsy's journal, you guys might be able to help each other.

Your tenacity is comendable Gutsy especially in light of your adversities. You clearly have a workable system but because you are scared money it makes executing it well 100 times harder. Here is an idea for you and maybe some of the newbies may follow up on it, how about you train people either...

Well today was a start, at least the possibility of going down is still there lol. But with massive options exp tomorrow we could be back making new highs next week. A market as strong as the one we have had recently doesn't break down overnight, it takes a few weeks of buying the dip working...

Short IBM 99.34 Buy C 54.40

For all those who are waiting for a housing sell off to buy just make sure that you have plenty of cash. You may find that you agree on a price and the mortgage company won't sign off on the appraisal. They may also have tightened lending rules if there is a significant decrease in prices such...

Sold Sun 5.97 Short New 30.44 Short FNM 57.25 Short BKUNA 27.57 Short NDE 38.40 Short Tol 31.68 Short TLT 87.96

Took a stab at a corn short today at 412 3/4 only to get stopped out on the spike to 420. Commercials are net short in size and they are usually right and I saw some bloomie poll that showed 100% bullish sentiment so decided to give it a go. Anyone else short or looking to get short? These are...

From a story standpoint I think Sunw is going to surprise because its solaris product line is going to blow the competition away especially with the chips that AMD will be putting out in 6 months time. I also think that they have done a lot and have more to do to slim down and be a more...

Maybe, maybe not, Bernanke's is speaking tomorrow so any sell off could reverse on his comments as has happened on more than one occasion already. However it does seem that the Fed (and central banks world wide to their respective markets) is trying to talk this market down so maybe this time he...

http://www.hussmanfunds.com/wmc/wmc070115.htm one of the more level headed market participants.

EqtTrd are you short or just looking to get short? Just take advantrage of the prevailing conditions for as long as they last.

Kudlow is a bird that can sing only one note. Then again all these doom and gloomers have been wrong for the 2+ decades I have been in the markets (anyone remember Prechter calling for Dow 400 and a 1930 style recession for almost a decade!) . Sure we will see some small correrction this year...

Sold AMD 18.20

Covered TLT 88.17

"Lots of housing bubble talk, due for a correction talk, this year won't be as good as last year etc.. One uncomfortable fact is brought up that despite being up 14% the US market in euro terms was only up 5%. Lets take a moment and just let that sink in." I think the SP was only up 0.2% in...