DMC, LVS seems a bit high for me.

I'm looking at the DANG/YOKU. Both are moving in tandem. Looking good though.

Missed DANG at 5.50 2 days back, loaded AMD a little.
YOKU cut loss when sprial-down from 28.

Market overbought for me. In coming short term, will see blood-bath. Time to load up.

blood-bath? really? what other bad news could be bad enough to trigger that? ....Italy or Spain default? What's the time frame would be?

It is difficult to put a time frame on this kind of thing. But, Zamans did made a good observation.. market had rallied quite hard these past 3-4 weeks and RSI now at the overbought area. It will pull back but not sure when. When it does, just be ready.

When the market is full.. the media will cook up some horror stories to scare 'em bulls.

Then, it is time to "fug" the bulls... like sulifeisgreat likes to put this his colorful language.

wah! change icon for festival season.

Dow 11955.01 -276.10 -2.26%
Nasdaq 2684.41 -52.74 -1.93%
S&P500 1253.30 -31.79 -2.47%

Happy Halloween!!!

Nice ending for month end Below 12k and near 1250

seems like today will be a red red day? still hoping LVS to hit USD 50 >.<

It was close enough on last Friday: 49.44..
So, if you didn't sell, then just have to wait for the next cycle.

Now, look for buying opportunity again if this dips to the 20MA (44) or lower part of the bollinger band (41).

I've unloaded some, now riding it down with PUTs.. 5th wave cycle for me.

We having extended Halloween?

Halloween is whole week for me..

calling for referendum after what all has been done for you?


This post has been edited by countdown: Nov 1 2011, 09:03 PM

A scary man is a man who has nothing to lose

Yes indeed. The Greeks got nothing, so there's nothing really to lose for them.
Walk away, is all they care. If the banks go down, contagion will be all over.

Uncle Ben opening his mouth again tonight

Beware

bear mouth?

I think FOMC will not change anything. Traders are watching any news from Greece.
I'm covering premarket... watching 1215-1230 area tonight.

Bulls are going to call for earlier reinforcement because of anticipation that Greece will go thru with acceptance rather than rejection by Friday. Only if market can continue to dip below that 1211..bears will gain more power.

I'm still long on LVS with some hedging on the downside. I took off the puts yesterday.
During the two days pull back downturn, LVS got very good support.
I will continue to play this short term range: 44-50

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Added on November 2, 2011, 10:57 pmBuy signal in... got that bounce back up. MACD point upwards.
Going for 1250 area. Let see what happens.

This post has been edited by danmooncake: Nov 2 2011, 10:57 PM

haha no bullets to buy anymore....all in liao....have mchp, emr & lvs ^^

Sold my LVS finally at $48.99
Wait for next round to re-enter so sideline at the moment.

Smart move! LVS near $50.. as always.. lots of supply there.
I'm still long, sold some today, and I'll buy back to fill that hole if it pulls back a few dollars.

X lower, beware:

http://www.thespec.com/news/business/artic...hes-junk-rating