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....
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...
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....
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...
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...
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...
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....
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....
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...
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....
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...
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...
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....
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...
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...
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