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RSI for the major indices are at or below 20. Dow down 11 out of 12 days. Look for a decent rally tomorrow. Plus its Facebook day so euphoria should lift the market. I'm in LNKD at 105. Looking to get out at 110. Europe, plz do not pick tonight to blow up. Thank you. :D

'Nuf said.

In addition, I shudder when I remember how quickly Bear and Lehman stock nosedived when their fiscal trust/well-being was decimated. I really hope this doesn't start to snowball. Remember this quote? "$2 a share? Are you f*cking kidding? Our building is worth more than that"

How soon people forget. Dow approaches 14k and the recent past is forgotten. When it first surfaced about Bear Stearns problems back in 2008 or so, a lot of people had the same initial reaction as you. But as we know, it got worse, much worse. Bailouts at a historical levels. Hidden...

Use QT sporadically since I don't know how long it's gonna be around. But you got my vote.

In addition, go back a year and you will see that Dow, SP500, Nasdaq Comp had established a Jul/Aug resistance high which is now support.

The fact that he's willing to go long is an important call. We are at an important support point. Bears are looking for it to be broken. We could go much lower if we break support. In addition, I think you will agree that the major equity indices are just a bit correlated. They have very...

Lol, I have a friend just like you. He won't give an inch when he's wrong. Stubborn. I think most people understood what he said. So you want him to call the exact bottom?? Markets have rallied since his call. Pick any one of them, Dow, Nasdaq, Russell, SP. They're up since he called it...

I don't know if you two have a history, if so I don't want to get involved. All I know is that he was correct in saying the markets were down 1.5% - 2.0%. He also predicted a rally at 1:36pm which has happened. He gave sound reasons for why he thought there might be a rally tomorrow. I...

Dude, you serious??? Nasdaq 100 was down 1.97% close to 2%, from yesterday close. Dow at low point was 1.6% down. Russell was 1.58% down. Nasd Comp was down 1.9%. Since you been on the board a long time, I'll just attribute this to a momentary brain fart.

Interesting that you mentioned this at about 1:36pm EST. I saw a symmetrical triangle pattern in both the YM and TF at around 2:30pm EST. Since then, futures have exploded higher. I would tend to agree with your assessment but don't know if I would classify it as a "rally" rather a short...

So if you like this type of trading, here's the link to my question about earnings websites. Earning websites

Yeah, such a big move doesn't happen often but it can make your month. MAKO is more typical. On a $29, you can catch $2-3 on bad news.

This. MAKO and FOSL today. Short from the open. FOSL was worth more than $10 a share even after the initial drop from last night. Update: Open was 92.54. Right now 79.25. Say you were real conservative, shorted 300 shares. You are up $3900.

I like the look of the site. Being that it's owned by Thomson Reuters, I surprised it's not subscription.

Anyone using this feature? You get 100 extra real-time quotes for $30. You can get up to 10 addtl "boosters" so it would be a total of 1000 RT quotes + 100 you get for "free". Would set you back extra $300 a month. iqFeed wants extra $50 for 500 more RT quotes but you only get 500 more...

There are poker pros in both limit and no-limit. Entirely different strategies employed when playing to win. I wouldn't say whether one is better than the other. Biggest game in the world was played with limit holdem (Beal vs Corporation). There are those who are much better in limit than in...

It definitely looks cooler than the Logitech's version, albeit more than 50% more. I have to think this is the future of laptops. The option to convert to a tablet just adds more functionality and convenience.

Hindsight is beautiful thing, isn't it? At the time I wrote the post, we were clearly in a downtrend. Since then, we've rallied off of the 4/10 lows which is a good sign for bulls. Dow 13,310 is the recent highs. Breaking that would clearly show we are headed to 14k.

I'm logged in but did it earlier at 8:30am EST. Everything working fine.