Some says it's due to Earnings Reports, Jobless Numbers- AP...

wowoowow.......drop summore....wonder is this is the storm be4 the calm this time LOL

No rebound even approaching oversold..any other news they are expecting tonight?

maybe kiasu...
be4 that chasing who buy more
now chasing who sell more
Psychology kua.....when down too much, most ppl think the market gonna crash....

The financial news report always gave some excuses.. but the same numbers back last year rallied this market 100+ points.

What I see is happening is we have gapped down past 50 MA and certainly going to test 100MA, pure technical play here.
All those trading are done by high speed computers and their algorithms are saying so.. therefore still a sell

Yup, we got a sucker pop yesterday.

Update 12:08am
Dow 10120.15 -118
S&P 1085 -11.72



This post has been edited by danmooncake: Jan 29 2010, 12:09 AM

yup, surely RED 100 pts. 10K is holding tough.

Placing long on ING again. x300 and reloaded STEC x 300

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Added on January 29, 2010, 12:33 amFor those looking for LONG TERM PLAY, not daily trade, have a look at UNG. Natural Gas demand will pickup and its cheaper than OIL in long run for industry usage, albeit higher cost upfront for flashgas, GEP coolers and related equipment to be installed.

And the fuel is cleaner.

Go NAT GAS go.



This post has been edited by zamans98: Jan 29 2010, 12:33 AM

Nice!

10,078.21 -157.95
1080.39 -17.11

Bought another batch of HL @ 4.80

Preparing to buy some puts contract for eventual dip below 10K.
I can see the trap door now. Whether it will be opened or not, that would be a question, wouldn't it?

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Added on January 29, 2010, 12:49 amI agree. For longer term, NAT GAS should go back up to around 14-15 but now, short term, we are in abundance.
The cold months in US already ending, not much demand. The energy policy in US for shifting towards NAT GAS hasn't take place yet. I think it will retest the low at 8.50 first.



This post has been edited by danmooncake: Jan 29 2010, 12:49 AM

Red because of the FED chairmanship (Fed Chairman Nomination Vote)

I'm seeing another leg down during the mega news : Unemployment numbers on 5th FEB. After that - RALLY MODE
9950-10,000 is a stronghold for sure.

2molo we have: Advance GDP q/q

Bought 1/4 position in CSCO @ 22.40 (for midterm long).
I'll add more if we dive below 10K.

Cisco is the tech company that sells routers and switches that make the Internet work.
This company has not disappointed me in the past on their conservative earnings estimates
and they always meet or beat the consensus.

This post has been edited by danmooncake: Jan 29 2010, 02:29 AM

Gambling & buying or holding a stock position, just before earnings got 3 possibility
it either gap up if earnings good, gap down if vice versa or it can even tidur irregardless of earnings report, I rather stay out
the charts are all loooking good either abt to rebound & kill me or gonna rollover & play dead...eerrr I mean go longkang riding
no idea, but pivot points r syiok gambling points to stay out of it means is to miss the fun

lari bont (b:10.41 cut loss: 8.53), tyd (b:48.74 cut loss:48.18)
on the unbright side short qqqq 43.55 & buy puts qqqq strike $43 for 2.35 & buy tyo 60.69
who knows? I could be wrong if its going holland, then cut loss ...is buy the dip teori still in play

bernanke gets second term.

Of course he did. But, market now treat this like no major news.

Closing update
Dow 10120.46 -115.70 -1.13%
Nasdaq 2179 -42.41 -1.91%
S&P 500 1084.53 -12.97 -1.18%

I can see the trap door now. The question remains, will it open when we get there?
Or will we get a bounce? Just in case it does open, let's all be prepare for the eventual fall 'coz
9750 will be the next target.

This post has been edited by danmooncake: Jan 29 2010, 07:24 AM

wah, this is looking bad, looking at the chart, even if got bounce, it will oso drop for a while more? ~_~

Yes, it could.. if we break below 100MA and we can't move above the 50MA, it will form
the lower highs with lower lows, a bearish call - the 2nd downhill slope to form a 2nd 'V' will happen.

This post has been edited by danmooncake: Jan 29 2010, 07:33 AM

Which is a W recovery.

GDP numbers came in good..and MSFT earnings came in good, we should see a bounce.

This post has been edited by danmooncake: Jan 29 2010, 10:04 PM

must bounce the right share yea. XD

woohoo!
I'm back. Time to grab some stocks.
Tonite will rebound based on PMI and GDP tops estimation.
Shorts may need to take cover

Be careful and nimble. Market internals showing some are selling into strength.
Hopefully, we can go above 3 digits.. and close there otherwise bulls will be trapped.

Good luck to all! Hope this weekend is a good one for the bulls after almost two weeks of bloodshed.

bear team round 1 wil have to cover, unless they got balls of steel & deep pockets
those crazy gamblers who short & wanna participate with bear team round 2 will hang on for suicide mission
hope all this growth will not lead to signs tat the economy needs a little slowing down to tame inflation
bulls, pls come in to short squeeze us, we need ur full buying support in cold hard cash & teach bear team round 1 a lesson