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A place for friends to gather and view stock market charts, discuss technical analysis and market outlook. What is your Principal Asset? How can it be developed? Each and all should do their own due dilligence and homework before investing. And by no means should you use anything I say or show here as a sole basis to buy or sell securities as everything is for educational experience only.

Friday, March 28, 2008

Adding to IWM Puts on today's bounce

This 3 month chart of IWM shows the trading range we've been stuck in pretty well. The interesting thing is the IWM has been the strongest of the indexes off the January lows. Therefore could one reasonably postulate that if the "strength" fails the rest bails? Bottom-line here is if IWM cannot muster enough bullish strentgh to bust above 70.60 today and makes another lower high or breaks below 68.97 to make another lower low.......LOOKOUT BELOW!!!

Wednesday, March 26, 2008

+ZQNSH AMZN July 40 PUT ***Take a LOOK***

2 Year Fib fans and retracements
1 year Fans nd retracements
I'm no expert, but it is probable AMZN back-fills the gap up from 43 to 55 on April 24, 2007.

AAPL Bull run over...

Getting short APPL here:

Tuesday, March 25, 2008

Bottom in you say? Where's the BEEF?

Out of the four charts below one of these groups is suposed to LEAD the markets off the bottom. HMMMM sure is strange that they are all retraceing back to FIB fans or retracement lines with declining volme each day. Confucious say be very careful for the BULL smell like poop from behind.

And checout the QQQQ tring to back-fill the previous gap down. Looks similar to a GOOG chart. Can you say Puts with confidence at 45?


It's uncanny to me how similar SIRI & XMSR charts look on a 2 year basis. Yes a lot of people have been waiting for the government to act in order to combine these companies into a satellite radio monopoly. Well it looks like the FED's have stalled just long enough to kill any momentum in the stocks. I say sell the news when the FCC fianally allows the merger if you've been long SIRI and look for a better entry after the consolodation.

Monday, March 24, 2008

Will GOOG fill the gap down of 2/26/07?

GOOG appears to be back-filling the gap down of 2/26/07 and agian the FIB retracement and fan levels can give us a guidepost to ride calls and then enter puts. Near term resistance at 465 then a big fight at 480, intermediate resistance at 491, and a 3 year Fib retracement 38.2% level looms at 497. In other words it may go up, but it will be a painful Bull ride. Remember the overall trend is still a Bear market trend.