I like m&m's.....just in case anybody cares :)

Kudos on the list Jeff, when I grow up I hope I can pick em like you.....until then, please don't stop predicting the future, my account loves you for it

Have a Great Night!

Wow, I have been gone since Wednesday at a business conference and just cannot catch up with all the posts. Sure wished I was able to jump into your trades Jeff and the resulting success.

Just had the chance to review the watch list and look at the charts. As a newbie I am having problems determining if the stocks Jeff picked as the winners (MG, CF, AMLN, XL, ANF, JCG, APD & PX) will continue there trend. Think today was the big sell off and tomorrow will rebound? I noticed the Nikkei was down sharply. Shape of things to come?

JK

you are da'bomb!!!!

thanks for all your hard work, you have single handedly turned monday into one of my fav days of the week (besides thurs, fri, sat, and sun ~lol~), but seriously i look forward to monday instead of dreading the grind....

~~~THANKS BUDDY~~~
HAPPY THANKSGIVING

Replay of a Marketcast Moment from last week:

Eric: "Everyone loses in a Bear Market"

Jeff: Everyone?

Eric: Yep - Everyone.

Jeff: Hmmmm.......

I'm learning a ton and riding your coattails all the way to the bank!

(Because everyone knows everyone loses in a bear market......)

;^) KC

Jeff,
Given how the market is acting right now, what % of your trading portfolio is in Calls and how much % in Puts?

Jeff, I was already pretty well positioned on my bear plays but I did find a little room for TIN. Muchas Gracias!

is there a "cock-eyed" H&S pattern on LULU ??
and a bear flag on CROX

**** response to post from Watchlist Time****

theapprentice-

In Prophet charts, go to the "Option Controls" tab, then click the box next to Avg. Imp. Volatility under the Stock, Indices heading- that will let you see IV on your charts

(FYI- the Implied Volatility box under Option heading will display IV on individual option ticker symbols)

- Todd

KC,

I am so glad you hear that dialogue between us. I thought it was a powerful and thought provoking point that was made.

Jordan,

I am near about 70/30...75/25 as far as put/call ratio.

Tonya,

I had to take down some CROX today too. Nice call!

Jeff-

Thanks to you and this incredible community of traders you've built here, I netted my first ever 100% plus return today! I can't begin to say thank you enough for being an incredible teacher and taking the time to give back to all of us (especially the newbies like me... only been trading for 2 1/2 months)

I'll be giving thanks on Thursday for JK and all the OAs!!

- Todd

Jeff,
The 75/25 put/call ratio is pretty bearish, yet I agree for active trading accounts.

How do you handle 401k/IRA or other long term capital investments in times like this?

Thanks,
Dave

Oh Jeff.....
How about changing the Bloggers Choice Award link to read "I WON, I WON, I WON!!!!" or "THIS SITE IS THE BEST BUSINESS BLOG" after all it is confirmed that you/we won. Take some props and hand out the thanks. Of course only do the update after you delve your pearls of wisdom out in your next post.

As a wise old bus driver used to say, "Baby, you're the GREATEST!!"

Have a great Tuesday and we will all see you at the bank or at least on the next post.

1000 TY's

Jeff,
It wasn't an early Christmas present, it was a Thank You/Thanksgiving present! Glad it got there in time.

OA Rules! OA is #1
(That's what the M&Ms say)

Have a great Thanksgiving!

xoxoxo

OA's - On the Bear Flag on CROX - does that look like a 10 Point downside from here ?

David in NH

Doji Girl,
I was wondering what they read since you said they wouldn't let you do "Option Addict." Where did you send the stuff to? I would like to do something nice for Jeff, also. He has helped all of us so much.

Hey Jeff:

Have a great thanksgiving. Your watch lists and education is a gift to all of us.

oops I forgot to mention your film production

Hello? ello-ello-

Is there an echo in here? :-)

Whaddya think, guys? Fake out?

A lot of retesting going on....

Laney,

Markets rallied right to my trendlines and stopped there. 1450 is key on the S&P. I think the Fed Minutes will be key.

Jeff,

Thanks so much for your trading ideas, wish I could have taken all of them, but I did grab a handful. I did manage to make some quick money and make a decent profit in this crazy market! Time to sit in cash 'till after the holidays but still keep myself in the loop of market news. Congrats on your best day this month!

Happy Thanksgiving to all of you!

Jeff,

Just want to let you know the "Run Search" tab is missing from the "Anticipating the Bounce" and "Anticipating the Bounce Part II" on the IT site. Your Watchlist is pretty conclusive, but some of us like to look for additional ideas.

Thanks for all you do.

IVGN breaking out of resistance. Looks a bit like a bull flag also, maybe a 10 pt move. What say you? Posted this on trader chat also.

Also, GOOG just got upgraded... target price at $900. For those of you in the BIDU trade. Be cautious!

Hedge Funds & Mutual Funds - it's end of year - should be some selling here soon. Looks like a fake out as the hedge funds drive up costs before selling off.

Brett,
I saw that, too.

Yes! Thanksgivings due for your great puts & a great blog. (my personal favorite= MDC) Took profits on JCG, but FAF & MER still well positioned. Plus, ESRX call is weathering well.

Thanks to you, Jeff, I'm working my way back in the right direction: UP. :)

This is a crazy market, and thanks to Jeff I'm well positioned for it. Right now I have 6 calls and 6 puts. Yesterday I made 5% on my account and today I'm up 4%. The genius that said it's a market of stocks and not a stock market (oh wait.... that was me. Ha, ha, ha. No it wasnt'... but I did repeat it, so it might just as well have been me) was sooooo correct.

I have had a very hard time keeping up with all the posting lately. I have taken the watchlists and (apporpriately enough) watched them. They keeping oozing awesome entries. My NM has not performed well, but have a look at DRYS. A perfect entry point. When I went to look at EXM I pulled up EXC by mistake. It's another awesome entry point for a bull play.

I have decided to hold both my calls and my puts on RL as it is having a difficult time deciding what it's going to do. This way I'm losing money to time decay on both sides of the coin. I like to spread the wealth. Once I get a better feel for what it's going to do I will ditch one or the other. Actually if I had any brains I'd ditch them both because I'm just not sure what it's going to do. Not exactly playing from a position of strength, huh?

Yay GOLD. Finally seeing some profits on a play I took for all the wrong reasons. Do not attempt this at home. I am a trained professional. Idiot, that is.

Brett,
I see what you're saying about 1450 on the S&P... but draw a line along the dips for the past year and you see a bounce today right off of that line. It's an ascending triangle with the top at 1550 and right now the bottom's at about 1430 which it hit yesterday.

Just a different look at the same chart.

Mary Beth,
I looked at MDC last week and saw it positioned perfectly... wanted to take it but somehow got sidetracked (probably dropped a twinky on the floor, or something.) It's like money in the bank and it looks like it's just about played out on this present swing. Nice one.

Chris-

Draw a line across the dips over the last FIVE years and you'll see why i'm so juiced for a market drop.

AGN is presenting a wonderful retest today.

Brett,
True... but my confidence in 5 year charts bottomed out when Raimo suggested looking at it for RL. It looked like a perfect retest in an uptrend.

HA!

I spit in his general direction (but only because he's not here to defend himself.)

I presume you see the upward trend on the S&P 5 year as being broken this week? It's a fine line as far as I can see. If I break out the girl's crayons we could still see this as bouncing off the line.

Chris,

To the contrary, I see the S&P's 5-year trendline at 1375, which coincides with horizontal support as well. When we get there, I will look for a bounce and perhaps by then the recession that I think we're in now will be near its end and we can resume our long-term uptrend.

Jeff,

Happy Thanksgiving to you and your family. We are thankful for you and thankful for all you do to help us.
We are looking at becoming as successful on following your lead as some of your other followers.

Brett,

On the five year (2002 thru today) chart - if I draw a line on the SPX it looks like it broke the trend line. Is that what you see ?

David in NH

Grace-
Re IVGN. Does look lovely.
Dec 95 call has a lot of volume (& open int) today, climbing fairly rapidly, but is a bit overvalued. How imp is that? Is this one you want to enter earlier in the day before close?

David,

Not at all...connect the lows from 8/2004, 10/2005 and 7/2006. we're still well above it.

Brett,

I see what you are saying the trend line and horizontal support end up around 1375

David in NH

Clean Cups!!

Happy thanksgiving to all. Another day like today and I'll have to have CPR. I was shocked at the volility.