Stock Market set to continue down

[RageWizard]

Well looks like another rough opening for stocks. Apple and Motorolla earnings both sucked, and the European FTSE, and DAX, are currently off about 4 %. Other tech shares have been under pressure before the bell with Google and Microsoft.
If there is another gap down opening, I suggest that all short positions be bought back and ride another short covering rally like yesterday.

[Dark Horse]

I've been up almost two days watching this sh*t. This is when fortunes are made.

[RageWizard]

Another gap down opening, but the market continues to sell off, I'm gonna ride the downward spiral and wait for a turn around before buying back the DIA, and SPY.

[RageWizard]

O.K. looks like the market has leveled for now, time to buy back positions with tight stops in case of failure because the sentiment in still to the down side.

[RageWizard]

Looks like everyone has left the market and I'm pretty much alone here. Who cares I'm making a mint the last two days, and for the last month for that matter. For you guys hurting from your positions the last month or so, it is your own fault, I have been telegraphing my plays either right after or right before the actual play so if you have been tagging along, you too have been making a mint. Now that I said that my incredible run the last month will probably come to an end. Even that would be O.K. since I have made over 25% so far this year in the market, and thats is about the best that I have ever done.

O.K. now its time to sell the long positions that I picked up about an hour ago and go to the restroom and rub one out.

Maybe at the end of the day I put the short plays back on in the last 10 minutes of trading.

[ShamsWoof10]

I was thinking about this last night... Dropping rates is actually going to make housing worse... People will start refinancing and realize after an aprasial that they have negative equity... Some will walk away from their house adding more inventory and housing will be even more exposed...

So far the sellers have been blasted but now a person who doesn't need to sell but wants to refinance will become exposed... When people see they have negative equity they will become sellers or walk away from it...

"Coach" still tells me how much he "thinks" his house is worth... If he refinances he'll find out he's way off and his mentality will change about the value of his home...

[buztah]

AAPL


GOBBLE GOBBLE GOBBLE. Thanks

[DrunkenLullaby]

This is funny as shit! Fed fired silver bullet yesterday & markets closed down. Down twice as much today. Market already anticipating another 50-75 bp cut next week - what happens if they don't get it?...and, even if they do, so we rally at all?

[RageWizard]

This is funny as shit! Fed fired silver bullet yesterday & markets closed down. Down twice as much today. Market already anticipating another 50-75 bp cut next week - what happens if they don't get it?...and, even if they do, so we rally at all?

Everybody catching on to the fact that banks have no money to lend at ANY RATE.

I see a major compitulation coming in the near future. Looks like I missed the second shorting chance of the day. I still think that the bulls will get their shit together and make a run before the close. Whether or not hey do it, I'm gonna put my short positions of DIA and SPY back on. I might have to endure some short term pain, but I think the next couple of weeks will be diggin a hole.

[RageWizard]

Bulls finally got the market to the upside. Like I said earlier, I'm gonna put the short positions back on probably around 3:30, with a 2% stop loss. The market had a hard time putting together this run and I think that ir will fall apart. Probably not today though, but in the near future. They can't keep this up for long maybe tommorrow but definitely not the rest of the week.

[Deuce]

Buried.

[capitalist pig]

Im happy today, my tech fund owns like 10% INTC and with INTC up nicely today I should get everything back today I lost Tuesday.

Im still hanging in there on my LTXX trade, actually up about 5% today. Damn good thing my stop expired last Friday or id have gotten stopped out yesterday.

Bought 5k of CPST @ $1.35 today , anyone who likes the China play should take a look at it. Its a cheap $1.35 stock without alot of shares outstanding, but they keep signing contracts with Chinas Govt, do your own reasearch. Basically its a clean air play.

later

[RageWizard]

Bulls picking up steam coming to the close. I'm not gonna fight the tape unless I see weakness.

[DrunkenLullaby]

Well, my DFS puts are not having the happiest of days, but I'm not about to get scared out. I have no idea where the fundamental strength lies in a credit card issuer these days...however this market is way more emotion-driven than anything, so I may very well ride these things into the ground.

We shall see.

[capitalist pig]

If Ebay blows it youll get your shot at going short again in the am. Then if MSFT blows it Thursday youll be sitting good for Friday. Or maybe both post good quarterly #s, but both probably say bad thing about going forward, LOL. Its a crap shoot.

later

[RageWizard]

Here comes the dip, just placed shorts on DIA, and SPY both up 2% today after being down 2% this morning. We will see how earnings go tonight and if the bulls can continue tommorrow. A generous 4% stop loss should be a pretty good buffer for any rally tomorrow morning on the open.

[SBR_John]

An amazing rally.

[pavyracer]

Watch it to drop like a rock tomorrow. We haven't seen a double or triple bottom yet.

[RageWizard]

Watch it to drop like a rock tomorrow. We haven't seen a double or triple bottom yet.

This is the reason that I was short going into the close. Probably gonna be some so-so to bad earnings reports and forward outlooks tonight. Then tommorrow at least a little profit taking on the open. Then maybe the bulls take over again, maybe not. Either way expect volatility for a while with big point swings so people like me can ride the rollar coaster up and down, but mostly down still.

[Red_Sux]

An amazing rally.

i was shocked to see it closed way in the green. well, i guess the us gov is pretty good at fixing short term market crisis

[DrunkenLullaby]

i was shocked to see it closed way in the green. well, i guess the us gov is pretty good at fixing short term market crisis

, by substituting long-term disaster in its place.