Dodger,

I replied to your PM.

btw can you please post some pivots for today with market trading up on wells fargo again

I disagree with the ABT long set up...there is a negative divergence setting in an this stock is destined to come down unless there is a positive catalyst

i guess you meant to say inter-meeting rate cut:)

not sure if this means anything in current conditions, but the put/call ratio is very very high

matt...aren`t the nasdaq and nasdaq100 at new lows already compared to those 4 days ago

Yep, that was what I mentioned about the the divergence between gold and gold miners...

very interesting ...may be for the first time in history, investors are not considering gold as a safe haven

doesn`t look good at all...looks like next move down is setting in

it is too early to say anything.But this market is ready to make some surprsing moves. And I think the next surprise move is to the upside.

What I really wish is the market to open 3% lower , so that I can load up some calls on open. But the next big move is more than likely gonna be an up move

Matt

I dont like the divergence between gold and the gold miners prices...that resembles the times when oil refiners were going down when crude was going up

Matt

I know this is a difficult question to answer but do you mean to say we are close to a short term or intermediate term bottom

what about the VIX and the TRIX indicators

can you please give more clarity if possible.

Do you still think it is better to daytrade or stay in cash instead of swing trades?

relaaax....just because the bill is passed doesn`t mean the market will go up....it is very late now...we are still going down

SENATE VOTING TOMORROW...HIGH CHANCES IT WILL BE PASSED

Futures opened negative. Clearly no cheers for the bail out package

I think best think to do is stay aside and let the charts stabilise. But the big question is how wall street reacts to it.

I`m not sure if markets will gap up tomorrow. But one thing for sure, if there is no rally it means that by end of next week, we will have a huge crash

I dont think we are going to see a 1000 point rally like the one we saw when the deal rumors were leaked by CNBC.

It is more scary to be a long than be a short in this market

Matt,

When you look at the short ratio and time to cover in a stock...what exactly does the time to cover mean to me?

In other words, if you plan to go long or short on a stock with high short ratio, how should you plan the trade

I hope I am able to communicate properly what I mean to ask

I totally agree with you. No reason stay thru earnings. I took a loss and sold all my rimm before earnings today ..so what..I can still buy it back  at below 80 tomorrow

Matt

Sorry I just checked my PM. I need to get used to it I guess.

So, what is the scoop. If this is wave 5 we have today.

I am looking at the SPY 5 and 10 days chart and I feel we have more room to go up. The rally is defnitely weak but looks like we will run some more.Do you agree

this is just insane.

Feels like after hours trading to me.

any news??

why did the volumes start picking up now?