03/30/2012 Live Update

[TraderGirl]

DJI count...???

[nicha]

Cobra - regarding AAPL, I am learning charting so have no idea what happens next. I see your chart on normal reversals but I am holding short April $625 calls and am a little worried. Any suggestions?

I guess you are experienced trader, as shorting the calls is very risky, i would rather buy puts and pay the premium. with puts at least there is a max cap on how much i would lose

w/o leverage, short 1 625c will cost a lock down of 60k margin. you need to have deep pocket to do that. risk/reward-wise, i feel like u r using an elephant doing flyfishing. maybe u can get some catfish from time to time, but if u lose once, yr elephant is gone.

My account is showing $100k for 10 contracts. Got a little carried away this time. I usually short no more than 1-2. I am getting a little worried about holding it over the weekend especially since the past few Monday's there has been some kind of bailout or the other. End of day I am getting out. Would like to sleep better over the weekend

[soku]

is there chance es is drawing a big M?

M head will be off if es can take out the overnight high. even tho, considering it is 3:00 friday, i will not chase it.

overnight high was 1406.25, we got rejected at 1406. wow.
stick to my plan. i don't trade the last hour of friday.

[Petsamo]

Whoa, look out below!

[Al_Dente]

XIV leads down
Watch to see if she’ll break doub bottom
Not sure if she can be trusted

[SWalsh]

For the bears:Cody Willard thinks the stock market is in a bubble.I think an easy way to determine whether or not the stock market is in a bubble is the S&P's PE ratio

I read an article where some think the P/E is dropping due to buybacks of stock and that the world will be chasing fewer stocks offered. That ranks up there with one of the clearest ways to say, "I don't know anything". Even the NY Times ran an article in the fall of many buybacks being to get key ratios above a certain level where multi-million dollar bonuses kick-in and they also fire people. If the firms ...

http://www.google.com/#hl=en&sclient=ps ... 24&bih=566

Thanks...will get to later.


I normally don't put Alex Jones on as I think he's not nuts, but an opportunist that is not credible. But when a few guests are on I get an e-mail from a friend.

Max Kaiser just spoke of the manipulation that is taking place in all markets by these computers with gas being rationed in England. And I think he became wealthy having something to do with a computer trading platform. He's still on after the break as I type this and will be on YouTube within 24 hrs. Type "Max Kaiser Alex Jones March 30" and tonight it should be there. Tough not to like a guy who says the heads of the banks should all be shot for what they are doing to America. I would demand a trial. Not sure Max Kaiser would.

[TraderGirl]

wave 4 cannot overlap wave 1 so maybe this...

[Petsamo]

Did you guys pick up your lottery ticket today. Jackpot is $640 million. You have a better chance of getting killed by a lightning strike, assuming you have two lives. 176 million:1 <- odds of winning.

I do my gambling on the stock market where the playing field is (more) even.

[sharky5]

nothing to say, seems a channel here.

It seems like we broke the channel if I'm not mistaken...

[Al_Dente]

PAGING KING COBRA
could u please post link to poll again before the close
right now it looks like toooooo many bulls

[SWalsh]

Whoa, look out below!

Incoming?

[soku]

Did you guys pick up your lottery ticket today. Jackpot is $640 million. You have a better chance of getting killed by a lightning strike, assuming you have two lives. 176 million:1 <- odds of winning.

I do my gambling on the stock market where the playing field is (more) even.

i did it yesterday when it was 500 something. so the speculators contributed another 100m to my retirement fund.
tradergirl promised that i am going to win it as long as i agree to share

[TraderGirl]

spx and dji 1minute...

edit: damn, I keep posting all the wrong charts today...

[jarbo456]

sorry guys, i have the winner ticket. i already sacrificed my pets to the gods so that i may win.

i promise to give some to cobra so he can improve this site to the max.

[TraderGirl]

Did you guys pick up your lottery ticket today. Jackpot is $640 million. You have a better chance of getting killed by a lightning strike, assuming you have two lives. 176 million:1 <- odds of winning.

I do my gambling on the stock market where the playing field is (more) even.

i did it yesterday when it was 500 something. so the speculators contributed another 100m to my retirement fund.
tradergirl promised that i am going to win it as long as i agree to share

No, I said I hope you win, but if you do, don't share...

[SWalsh]

Did you guys pick up your lottery ticket today. Jackpot is $640 million. You have a better chance of getting killed by a lightning strike, assuming you have two lives. 176 million:1 <- odds of winning.

I do my gambling on the stock market where the playing field is (more) even.

I had an event happen in my life once that I calculated exceeded 7 million to 1 to happen. A day does not go by that I do not think of it. The odds are actually higher as during the period of 3 months, six events could have exposed this potential event but in every case a human did the wrong thing.

When people tell me the WTC was impossible to not have been an inside job, I run this by them and they can't believe that what took place was possible, but accept it as it happened.

So, if I win this big Lotto, the Odds Gods are even in my book!

[dumamay]

sorry guys, i have the winner ticket. i already sacrificed my pets to the gods so that i may win.

i promise to give some to cobra so he can improve this site to the max.

Was it a BLOOD sacrifice???????

[nicha]

What would you guys do if you win tonight's mega million?

[Al_Dente]

TRULY A RARITY
TBT is right at the top of my (very narrow) percent gainers list

Natalie Imbruglia http://www.youtube.com/watch?v=VV1XWJN3 ... re=related

[Richarab]

What would you guys do if you win tonight's mega million?

sign up for some chinese classes ... i couldn't understand a word she said...