Comments on: Intraday Commentary ~ 10/29/2009

By: puggii

puggii — Fri, 30 Oct 2009 03:25:23 +0000

master woo…can you provide a chart as to what you said?? i like to follow it. thanks

By: shady

shady — Fri, 30 Oct 2009 01:00:19 +0000

Maybe 275 at best but 400???

By: Idan

Idan — Fri, 30 Oct 2009 00:28:25 +0000

We did not break wedge..

By: Paladin

Paladin — Thu, 29 Oct 2009 21:39:08 +0000

Market went up just like i said it would in chapter 8 of my book. . . getting back
to being a crook on cnbc.
LVS loses more than projected but sores in a/h on bennies roulette table?

Had to go long at close, todays bs rally tells me they will stop at nothing to drive
this sob to 12000 and beyond. That GS release of a lowball GDP to trap the
shorts is sign of things to come. Next, more crash for trash homes cars or whatever and the market can drive higher.
Remember, end of month and friday always = rally of 400 points on nothing.

By: JON

JON — Thu, 29 Oct 2009 20:38:26 +0000

It should be fun on Cramer show today. he was calling for a correction in 7-10% range.

By: Sam Chicago

Sam Chicago — Thu, 29 Oct 2009 20:38:23 +0000

Bernanke has said on more than several occasions that saving the commercial real estate market is his top priority. But he has been saying that since March or so. I wonder how much money is willing to pump into this beast when the time comes.

By: Chacro (LONG MWN @ 30.30)

Chacro (LONG MWN @ 30.30) — Thu, 29 Oct 2009 20:32:05 +0000

Glad I was so busy today not to look at this tape. My recent trades are still green however.
I am not worried sitting heavily short yet, I refuse to get trapped in this short trade though, and will am prepared to get stopped out (AGAIN).

By: Adesco

Adesco — Thu, 29 Oct 2009 20:30:42 +0000

lol, probably shorting AMZN

By: Paladin

Paladin — Thu, 29 Oct 2009 20:16:05 +0000

URE & MPG are the plays here. Commercial realty crash will happen when no one
is looking for it. I feel SRS is supporting CRE.

A great majority of small investors are looking at a large correction and have
bought puts or inversers. that is a sure sign we are going to 1200. And
the screaming midget sees the rally as over, done finished and time to sell.
Cramer is the sure wrong money index.

By: woo

woo — Thu, 29 Oct 2009 20:15:35 +0000

right now the longer term charts aren’t too overbought. the 5 minute maybe a little bit. for the short side, i’ll wait for 1045 to break. this trend line will get higher as the days go on though. there’s a lot of resistance in the 1068-1072 level so it might be a lot of consolidation there and a battle between bull and bear.

i’ll consider buying at the break of that area either call/put. i might just sit out all friday and wait till next week for further confirmation. good luck!