DJ, S&P, Nasdaq now all red, not quite convinced (or happy) with +1.6% GDP
Wow PAR got more parring up to go huh? missed it too
C put a 1k q 3.55 look c look c

Actually, 1.6 is already better than the revised expected 1.2 low end of 2nd qtr GDP.
Market now is bouncing up/down of the volatility. The high frequency traders are battling it out.

Ya market probably volatile these few trading days
S&P need to close/stay above 1050 to hopefully rally but unsure sustainability
I want my C at 3.55 hahaha, then market can do a bullish reversal

This post has been edited by Charlie82: Aug 27 2010, 10:34 PM

I prepared some cash for C @ 3.50's. See it at 4.50$ in few months time.

hei z let's wait till $5.00 b4 we hop off
oh shoot C running away now 3.71

This post has been edited by Charlie82: Aug 27 2010, 10:43 PM

Check out INTC. It has a flash crash to 16.55!

Bernanke speech is good.. so we're going back up.

This post has been edited by danmooncake: Aug 27 2010, 11:07 PM

stock seems rebounce..
may be US gomen is buying?

Yes, I was wondering too. Why? System error? DOW +123 but still haven't contra off yesterday's negative. We need 300 points before can say its a micro-bull.

Closing update
Dow 10150.65 +161.84 +1.65%
Nasdaq 2153.63 +34.94 +1.65%
S&P500 1064.59 +17.37 +1.66%

Well, I guess we got a micro bull here.. I look'ed at my 15 mins chart and downtrend broken for now with two tags at the bottom of the SP500 1039 floor. For Dow, that's 9925-9935 floor.

Let see how high we can go this time. I believe the bulls won't last long because lots of lots headwinds even for
technicals. The Hindenburg omen still here and worst of all - it is September again.

I'll look forward to sell my TNA at 37-38, maybe as early as Monday pop if we can there.
I think most traders will take some profits as soon as they can.

This post has been edited by danmooncake: Aug 28 2010, 05:21 AM

Aye, by the way of it, the micro-bull last as expected, 1 day late. Uncle Ben words is powderfull.. We should be seeing some more carry forward sentiment on Monday before slow sell and downwards on Thursday & Friday.

Look at LVS, never ending stop of BULL by itself.

Yeah man.. Uncle Ben words carry a lot of weigh. More powerful than Obama. Nobody is listening to Obama anymore.

July 21st, Ben said "usually uncertainty", market dies.
Today, Ben said "Fed stands ready to act if needed to spur slowing growth". Then, bulls awake!

He's in control of this financial market.

Nobody listen to Ohbama becoz Uncle Ben is Jew. Jew control US of A. The rest are just puppets.

Finally, a bit of good news from HPQ.

Source: http://www.marketwatch.com/story/hewlett-p...0?siteid=yhoof2

NEW YORK (MarketWatch) -- Hewlett-Packard Co. /quotes/comstock/13*!hpq/quotes/nls/hpq (HPQ 39.04, +1.04, +2.74%) said Monday it would buy back up to $10 billion of its own stock. Shares of the company rose 2.6% to $38.98 following the announcement. The Palo Alto, Calif. technology firm said it plans to repurchase shares "opportunistically." In the third quarter, HP repurchased approximately $2.6 billion worth of its shares. As of July 31, the company had approximately $4.9 billion of repurchase authorization remaining under an $8 billion repurchase authorization approved by the board in 2009. HP has approximately 2.3 billion shares of common stock outstanding

I'm long for HPQ, for at least 6 months. Looking forward for it hitting back $50-55

NYSE volume is fading.

Closing update
Dow 10009.73 -140.92 -1.39%
Nasdaq 2119.97 -33.66 -1.56%
S&P500 1048.92 -15.67 -1.47%

The bears didn't leave..

I have to bail out from my TNA @ 36 and jumped back into TZA @ 36.25.
I'll swap them again if market turns north again.

As for HPQ, it does them little good to announce shares buy back at this time. General market still on downtrend.

This post has been edited by danmooncake: Aug 31 2010, 05:45 AM

indeed, they stayed on. It came earlier than I thought. The total P&L of 160 over points is lower than the 'LOSS' of 140 over points. How convenient. Totally not fair. Look at S and C. Performed poorly. Not to mention STEC.

Is the doomsday really coming soon? DOW played well and closed few pips over 10K

Ok.. now at 10k boundary again. We still have 4 days for the week.

Usually momo like to push up at this 10k points. See what will happen tonight. I am looking into 9.5k.

I believe S&P 1010 (July lows) is on target here, the short term floor at 1040 could be taken out by tomorrow.
There's pretty quick gap down towards SP1010.

If SP1010 breaks down.. say to SP1000 and does not reverse back up,
then the Head and Shoulders myth will become reality, we'll could
see July 09 lows (pretty sharp drop here)..that would be Dow 8000.

This post has been edited by danmooncake: Aug 31 2010, 10:10 AM

If Dow goes to 8k, it will be great for those who short.
I am buying bear for US.
However, I don't think it is such easy, as 8k needs a red in GDP.. if not, it will rebound somewhere...

Waking up to see the bear again..

You are correct. Right now, the GDP is positive (with US govt pumping it of course). Much lower on the 2nd Q versus 1st Q.
I expect the 3rd Q to be lower as well, maybe 1.0 to 1.5 percent. If US govt sees the GDP less than 1%, they will issue 2nd QE, which could trap bears if it happens. Gotta be careful here when shorting too.