Market opens in 30 minutes, WHO'S IN?

**RageWizard** · 10-09-09, 06:42 PM

I've been takin arrows in my back waiting for the market to break down. Today the dollar moved up and the market was still up. I think it moves to 10,000 regardless of what happens, then if falls apart. These market effects will eventually take hold and move the market down, but for now I picked up Lowes at 20.60 because it has both stochastics on the bottom and is right above a 200 day moving average. Still short my XLF and DAN, but taking some minore pain in those as I wait for a decline, I may cost average up next week if this rally continues to climb. The banks upgrading each other is a effin joke Buz-man, and I still say this is the time to get out of banks and short them, but it is painful for the time being.

**buztah** · 10-12-09, 08:29 AM

Good morning, traders. Got many commitments today and will try to check in. Let's make some money.

**Shafted69** · 10-12-09, 11:13 AM

nibbling on FAZ for quick trading as DOW gets closer to 10,000

**buztah** · 10-12-09, 01:10 PM

Shafty, hope all is well. I'm lettin' ALY, FAS and MS ride. low volume day overall and still like the technicals on all 3. Busy makin' prime rib dinner here. See ya manana. happy TG!

**Shafted69** · 10-12-09, 01:22 PM

I'm still with ya on ALY, MS

**buztah** · 10-12-09, 03:19 PM

Shafty, gotta love the 50/200 DMA cross on ALY, as well as the MACD on both ALY and MS. Also liking it on FAS.

JPM should largely influence the fins.

**RageWizard** · 10-12-09, 05:03 PM

Today was like a wasted day in the market. Tomorrow will start the real action for the week. I still say the market moves to 10,000 before it falls 20%.

**buztah** · 10-13-09, 08:50 AM

Ragey and Shafty, lookin' like a lil shake n bake before SnP 1080 here. Still long ALY, MS and FAS for now.

**buztah** · 10-13-09, 08:55 AM

In BAC 17.73-.75 here.

**buztah** · 10-13-09, 10:36 AM

Added ALY 4.53s.

**buztah** · 10-13-09, 10:45 AM

In JPM 45.20s and now I simply wait....

All in this market now and looking for a big move up before switching back to FAZ. Good luck, folks.

**Shafted69** · 10-13-09, 10:48 AM

just sold my 24 hours quick trade of the FAZ

**buztah** · 10-13-09, 10:48 AM

Originally posted by Shafted69

just sold my 24 hours quick trade of the FAZ

**buztah** · 10-13-09, 12:31 PM

Damn! Maria B and Maria CC would make for a great evening. I would do things to both of them that they need. Both these bitches love phucking. I can tell.

**Shafted69** · 10-13-09, 12:53 PM

Michelle Carusso looking like a prostitute today. She's got some huge knockers. Great for titty banging.

**buztah** · 10-13-09, 03:14 PM

Shafty, they both are super sexy on big up days in the market. Would love to bang em both in a bed of US $100 bills. I am hoping JP Morgan gives us the breakout to SnP 1080, Dow 10,000. Tomorrow should prove interesting......

**Shafted69** · 10-13-09, 03:25 PM

INTEL beats estimates by 5 cents $$$$$$$$$$$$$$$$$$$$

OCT $20 Calls staying in the money. Time to cash those puppies.

GO FAS !!!!!!!!!!!!!!!!!!!

**buztah** · 10-13-09, 04:59 PM

That INTC news certainly is nice. Nice job on those calls. We need big ole JPM to blow away expectations and/or give us a "better than expected" bit of guidance and you will see this market go gonzo!

**Dark Horse** · 10-14-09, 07:17 AM

Not interested at this point. The rest of the year looks to be pretty dead. The big action was in the first half of the year. The main question is if the market will hold or collapse. Not much upside from here, until that question is answered. Back in 2010.

By the way, my last posted selection, LVS, did pretty good (from around 1 or 2 to 20). Then again, so did many other stocks.

**Dark Horse** · 10-14-09, 07:19 AM

Originally posted by Shafted69

Michelle Carusso looking like a prostitute today. She's got some huge knockers. Great for titty banging.

CNBC is terrible. It has to be. Way too many opinions to make any sense.

**Fishhead** · 10-14-09, 07:24 AM

Originally posted by Dark Horse

CNBC is terrible. It has to be. Way too many opinions to make any sense.

It really is getting bad.............

**buztah** · 10-14-09, 07:33 AM

Good morning, all.

Shafty, we're in line for a very bullish fins open.

**buztah** · 10-14-09, 08:34 AM

Gap open here. Now let's see if the huge volume comes in and makes this a breakaway or continuation gap. The chart will say a lot about where we are going by the close.

**Shafted69** · 10-14-09, 09:38 AM

I see lots of green shoots! Go FAS ! Hopefully it holds.

**buztah** · 10-14-09, 09:39 AM

Shafty, not seeing a volume commitment and am looking to lock in profits today on the swing plays. I have a sick amount of paper profits and am about to take em.

**buztah** · 10-14-09, 09:40 AM

Out MS 32.05s-07s.

**FreeFall** · 10-14-09, 09:42 AM

Anyone think we sink for xmas?

**buztah** · 10-14-09, 09:42 AM

Monitoring FAS, BAC and JPM very closely. Still can't tell if they are gonna go further.......

Holding ALY still as well here.

**Shafted69** · 10-14-09, 09:48 AM

Just took profits on half my FAS

setting stop loss at 89 for the rest of FAS

**buztah** · 10-14-09, 09:51 AM

Out FAS 90.60s here.

**buztah** · 10-14-09, 09:52 AM

Out JPM high 47.20s here.

**buztah** · 10-14-09, 09:53 AM

All out BAC 18.29-.31

**buztah** · 10-14-09, 09:55 AM

Only current position is ALY (will evaluate chart eod).

Shafty, nice job on FAS. I made more money trading these past few weeks (and especially the last two days) since the spring rush up. OMG! What a feeling! The big bet on the fins for this week paid off!

**buztah** · 10-14-09, 09:56 AM

Originally posted by Shafted69

Just took profits on half my FAS

setting stop loss at 89 for the rest of FAS

Good man!

**Shafted69** · 10-14-09, 09:58 AM

Originally posted by buztah

Good man!

moved my FAS stop up to 90

sold all bank stocks also.

Dust off those Dow 10,000 hats. Let's party likes its 1999. LOL

Soon after partying, I may nibble on the FAZ again.