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You kinda wanted to know where the next resistances were SC. 7500-7800 was crucial resistance built over a decade. It's gone now and next stop could be 4K! <a href="http://1.bp.blogspot.com/_vklbObTSbIQ/SaN2gRke1NI/AAAAAAAAAG4/9cI07qHp77o/s1600-h/historical+dow+tech.jpg">Historical Dow...

These are not exact, just approximations. But R1 support didn't hold and R2 was a cake to blow through bringing us to new lows. If we have a rebound, R1 will be our new resistance now. If we get a bounce in the next couple of days, we'll hit a wall around 7800-8000 level. If we...

Right on. I would suggest you pick them up, then at whatever point you decide to sell, just write some calls against it locking in your gains. Then slowly se-saw your way down and let calls absorb the losses. That is my goal, I'm just not getting the pop I need. When do we do lunch? I...

Well few indicies penetrated below Nov lows...for those...there is no relevant support. Others are still trying to hang on. I hate being in these positions, I have about 4 bullets left to fire (cost average) before this turns around. I would really like a 400-500 pt drop tomorrow so we have...

Dumped all my CSCO shares, and replaced them with call options. (tripled my previous position) Same upward potential...but less risk at capital. We can't go down on a 90 degree angle forever...or can we? damn it, just give me a 200-300 pt pop...then you can go back down!

CSCO down...THE PAIN!!! GIVE ME MORE!!!

What is the one indicator you guys look at to get some sense that the bottom is here or near? Mine - When most people decide it is cool to be a bear...that's when I know it really isn't.

Our government never seems to disappoint. News that they will likely raise their....errr our stake to 40% of Citi. Just short of nationalization! YAY! Anyway, this is the news I need to push my CSCO and CSCO calls higher. I'm really itching to sell some calls...

Here is what I want someone to say one day. "I bought a home I couldn't afford. Everybody was making money, and I just didn't want my opportunity to slip. Now...I'm going to lose my home but that doesn't matter. What does matter is the fact that retirement accounts are being whiped out...

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