Last weeks poll results are posted. Not a bad start for having only posted it for a few days. I am going to make some news group postings so other investors become aware of how easy it is to vote Well, 692 was a good short entry point but we got no real follow through selling unless you were day trading for a few points. Where to from here? The 30, 50, and 150 five minute averages are now converging, so we have the ideal setup for a possible break. I have the feeling they may try and run the shorts. I would use 697 as a stop, and stay short as it looks like my intraday cycles look to be bottoming over the next few days. I wouldn't be surprised if the market went sideways here. 684 may provide another bounce again for day traders. There is support at this lower Gann line, just above the 670 level on this hourly if you are looking for a possible target other than the 684 level. Here is , cumulative volume, astro, astro2 5 minute, hourly, hourly2, daily Trix, and the 3vol bar chart.

Vote, this could become the best real-time poll on the web. Just a warning. I really cut myself shaving today and just about everything else went wrong the rest of the day.Well they just barely ran my stop. I am blind today as the Omega site was down, so some charts may not be updated. I have been running the new TS5. I still don't have all my workspaces set up and there is still faulty data with the new server. Today, it stopped collecting volume before the close. I don't have enough confidence to trade with it yet. 684 is where a whipsaw may occur from a trendline dating back quite a ways. The 692 level may be a perfect short entry point today but anywhere near yesterdays high maybe good if my Cycles on the intraday charts are lining up the way they were set to yesterday. The second Twin Peak is right at the zero reversal line so I would definitely be looking for a pullback. VIX is also right at a possible reversal level and the delayed oddlots maybe close to their lower band. The CBOE put/call indicator is also at a possible reversal level. Cumulative daily volume just barely broke out to a new high and cumulative breadth is just under the falling average. We are so close to a top, I can smell it. Use 695 as a stop. If more Internets do decide to rally the perfect top may come at the upper weekly Gann line near the 700 level.

Travis amazes me. Got up late today, just in time to see cumulative volume breaking out, just when Travis recommended going long again. I don't think he even has these indicators. I have been trying to get the new Trade Station up an running for the last two weeks. I use a cable feed. One think I have noticed, the data I get with the Global Server is more accurate and cumulative volume plots properly on the one minute chart. As you can see the data stopped coming at the 670 level. Trying to figure out if the history data bank will update the missing ticks tonight. The Gann line on the 5 minute chart may come into play today. I would look to go short anywhere above the 684 level. Use 690 as a stop. Here is the Gann 15 minute, cumulative volume, astro, astro2 5 minute, hourly, hourly2, daily Trix, and the 3vol bar chart.

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Today, I don't have much to say as no clear chart pattern jumps out at me. The only clear target I have for going short today is the 670 or the 672 level ,depending on how fast the OEX might be able to make it up to the falling short term averages on the Twin Peaks chart. The level also marks the upper yellow trend line on the 15 minute chart. I would use 677 as a stop. Whenever I give price targets, trade at the money strikes unless I give a specific recommendation. Right now it appears that the white astro bar has marked another turning point. Stay short only if the OEX close below 660.

The perfect gift for your partner, Pamela's implants. Try talking them into that one, "but honey they are famous"! Well, we had a one day bull market and a one day bear market. Yes, this is nuts. They are trying to buy everything. Sell, sell , sell!. Ya, right Rick. Well, they weren’t loading up on puts today, so bears can take heart in that. Cumulative volume was is in a virtual free fall after the OEX decide to go for my secondary target. If you check my charts we are at support on most of them. The bondspread chart most notably. The magenta trendline has saved this market for the last two months. RSI, on the 1440, minute bar is the only bullish indicator that I see. I can paint an even more bearish picture if you look at MAJ on the daily. The NDX may be close to a bottom but not one that I would have high confidence in, if MAJ is going to also go for a tag of the lower band, to keep up with a falling RSI on the chart. The Nasdaq chart also still has MAJ falling. The Ratio oscillator, if it doesn't whipsaw here, is still falling. Now, if I could only turn Travis bearish. Well the worst that can happen today, is the market starts to drop like a rock, right off the open. You will be glad you held puts. If we do manage to rally today I would still be looking for another short entry. I have targets all the way down to the 620 level. DELL computer is the only stock I would be looking at to go long, but why do I have the feeling the 200 day will not hold, and why are these stocks getting crushed? Does the market sense a change in the wind. Are consumers now going to get an ISP which includes a computer with their access plan . This was the route the cell phone industry took. Well, they are going to be the low end computers if this comes to pass. It is going to be interesting to see how cheap, chips become over the next ten years. Sorry, I got side tracked there. Looks like the Cycle section maybe hot right now, I would be looking to the 662-665 area to go short again if you get the chance. Watch the 667 level also. Traders that stayed short, I would stay short as long as the OEX closes below 660. If the market survive today, I suspect we may, and I do mean may, we could develop a trading range encompassed by yesterday’s price bar. The dollar is what is still keeping the DOW alive. Thank you foreign investors. They are usually the last to get out. Here is the Gann 15 minute, cumulative volume, astro, astro2 5 minute, hourly, hourly2, daily Trix, and the 3vol bar chart.

Wow, there is a lot happening on the charts. The US dollar is right at a possible breakout point while bonds look poised to test the recent high. You can make a real bearish or bullish case here. Almost wish I hadn't looked at them today. If they both break the right way bulls will be dancing in the streets. I would be watching them both today as I think they are what the market may be watching closely, which could translate into sharp quick moves. Be careful, as you may get whipsawed rather severely if you are caught on the wrong side, and I am reading the tea leaves right. Put volume has been soaring. Are we going to double dip again and make a sharp bottom this month. Right now the hardest trade for me to take is the long side. It looks like we could be a lot closer to a top than I stated Friday. The cumulative A/D line is already closing in on previous resistance. What do I see happening. How about a double top on the hourly chart? That would fit with the A/D line. Will it happen. The five minute chart and cumulative one minute volume are on breakout. The 675 level on this 15 minute chart looks to be the ideal short entry point today. 664 looks like important support, so you have a point on which to play a possible break to the downside which could take us to 650 on the OEX. An ideal top might be the 680-685 level if we blow through 675 on the open.

Yesterday's market action was very bullish. Cumulative volume and breadth maybe duplicating the same pattern last seen in July prior to the top. If the pattern holds, I will have a pretty good idea of where this market may top. We are not even close based on this pattern. I think Travis' last e-mail update is right on the ball. Yesterday was the day to get long if you played the lower support line on this chart that I drew attention to yesterday. I don't see any safe entry points today.

Maybe I should have the bet farm. Well, I was off by a point for a good short entry. Where to today? We closed right at support with most indicators in oversold territory. The OEX might only rally two points on the open and start to sell off sharply again. Day-traders should be looking to the 677-679 for a short entry today as that seems to be resistance on most of my charts use a five point stop. I have no long recommendation today. I am not going to chase CMTO. .

"Thems bars have appeared again". Yup, they have marked previous highs and lows almost perfectly. We could mark the high on Monday or Friday if we in fact rally into that period. Looks like a crap shoot for today. So far the upper trendline has held. This 15 minute charts shows the 686- 687 level as a possible entry point for day-traders that are trading the short side. Use yesterdays high as a stop, as it could also run from there very quickly, and I wouldn't load the boat. This 15 minute charts shows the magical 672 level as still being support for the longs if we do get a selloff this morning. Yes, there are a lot of trendlines on the 15 minute charts lining almost perfectly. I am not real excited about playing the short side. Poor NTBK shorts. Wow!! Check out these ones too, BKFR and FLBK . Crazy! This is very entertaining. I don't think we will ever see this again in our life time. My friend who is still long EGRP, sold half of his calls at 50. He can't believe he made so much in such a short time frame. The stock could easily repeat today. I am not sure if trading will be ever be this exciting. CMTO, looks like a good play if it pulls back a little today. It looks to be breaking out. I am going to take a shot at the May 35 calls. Here is the web site. Self explanatory. Looking for the next hot web stock? Check with the rug-rats, they know what is hot, only wish there was a stock play in this. IPO? Let me know. Download it and pick out your skins. The demise of radio is here as soon as the Internet wipes out the need for cars, or they can figure out, how to get a T3 pipe in your favorite set of wheels. This is great!! I Listened to Radio Free Akron (commercial free)while I was doing my update, click on the Shoutcast Top 50, you might find your own music preference. Found some shareware to speed up your Internet connection even more. I am running IntenetBoost as well and flying.

This market sure isn't boring. Still long the Internet’s, but should have took profits on the ELNK move today. May hold until expiration with the April's, not thinking about selling the May options yet. Where to for the OEX from here?. Maybe no where as we are stuck right at the daily Gann line. as well as the Jupiter price line. Everyone seems to be crying about market breadth. Ya, try looking at volume. I stated earlier that previous resistance at the magenta line has turned back the market. Well I am not going short as stage two of this rocket could kick in here with cumulative breadth managing to rise above the 30 day. Also, intraday cumulative breadth has stopped going down. I don't see any ideal alignments for entry points today. The weekly Gann line comes in around 695, so bulls have that to contend with that this week. I wouldn't be surprised to see a test of yesterdays low and high over the coming days.

Well, the 674 and the 682-685 level both proved to be good entry points especially if you held overnight with puts if Globex is any indication. I think the 671-672 level has to hold to keep this rally going. As for a trade setup I don't see one other than playing a possible bounce from that level if we tag it today. How far a bounce might take us , I have know idea and I am still debating whether a possible bounce is a good point to go short. Optimistically this 15 minute chart also show a channel with the bottom at 677 or so. Twin Peaks may roll over here, but the best short entry might come two days later. This 15 minute chart I think paints a good picture of how important the 671-672 level is for the longs also.

DOW 14,000 this year? It is a very real possibility. The Oddlots continue to get excited. This next week should gives us a good indication. Weekly twin peaks could give a sell if next week is down. 682-685 looks to be a good near term target to go short for a day trade. I wouldn't be surprised though if we blow right through that number though as this IBM chart looks vey bullish to me. Watch the 674 area for possible support. On the 1440 minute bar, RSI has peaked. The previous peak only resulted in a minor pullback. Travis has been playing the right stocks. I have made a killing by being long most of them and I am still long most of them, in a big way . I wouldn't be surprised if some our members accounts have a grown by $100,000 the last couple of months ( trying to get a few more subscribers), I know mine has, and I did it by being a pig . Only pigs make money trading options in the long run with the right market conditions : ). Money managment should be paramount also. Here are my current US holdings minus some EBAY options just so you know we are not full of it. Leah as been my only looser so far while dabbling in your OTC market. Was looking at ELNK Aprl 90 calls before the close but I couldn't get my order in in time.Yes I should have sold my Yahoo position but I made so much money with the other positions, I just didn't care. My goal is and was to hold until expiration. Watch the 50 hour moving average for a possible bounce. We may have already bottomed if this Gann line is providing support.

GOCA, is acting just like BII did, before it took off. Well, the OEX couldn't close above the 675 level. It stalled at the upper trendline on the bondspread chart. The Gann line on the five minute chart dating back a few months came into play. If we don't break out here, we could see a twenty point trading range if these channels on this 15 minute chart are any indication. I have no high confidence setup today. MAJ on the hourly, and the daily could start to roll over soon, so we maybe close to a sharp intraday selloff. I have no clue what Yahoo will do today, but you know what I think. The Geo Cities news maybe a bonus.

* If you are using a 56k modem/Windows to access the site, I highly recommend this progam , InternetBOOst to view your favorite charts.

Please excuse my butchery of the English language, I don't have my commentaries proof read. After going through the charts I post late at night my brain gets hazy. The OEX needs to break through the 675 level to extend this rally. The OEX tagged the trendline on the bondspread chart and the Fib zones on the astro2 worked out quite well. If you did go long from the 659-662 level I would be looking to close out the position if the OEX doesn't close above 675. That is all that I will venture for the OEX today. The oddlots are pushing away from the upper band. I hate holding options into an earnings report. I don't think Yahoo is rallying on anticipation of earning though. I think the statement from their chief executive officer that they will be more aggressive in growing through acquisitions is what has spurred the recent sharp rally. I think this will translate into a definite stock split. Not sure if the earnings numbers will matter, as recent acquisition will definitely dilute future earnings. I think will hold on a bit longer. I was off on AOL. It is hard to judge those Gann lines with the mouse pointer.

If you get the new Trade Station, you need at least a 450 MHz chip and minimum 380MB of ram. Note, the dual processor note on the corner of the box. Seriously considering a major upgrade if Yahoo comes in. This stock could triple from this level, if traders decide to run in up to about the same valuation as AOL ,but I don't know if it will happen by next week, if the stock continues to rally. AOL may top out at 181, but I am not shorting it. There are options available to trade on BII now. Traders still holding a 50% position from the $$2.50 -3.00 price level should consider writing some covered way out of the money options if the stock starts to trades in the mid twenties. You could probably retire doing this without having to sell the stock. I am even more excited about GOCA, I tried out the casino and I get the same fever that I get in Vegas. The game graphics are very well done. Don't play the craps , you will become a couch potato gambler. This stock is more than just a casino though, they have other ventures. This a good cheap Internet play and it looks to be a Canadian Company. As for the OEX, the upper trading range on this 15 minute Gann chart seems to attract, before it may fall out of bed again. 666-670 seems like a good spot to short while the 659-662 range looks like a spot to go long. This a astro chart show the 659 level or so as important support, that is what the bears( and there is a lot of them)should be looking to for a break. The odd lot shorts are also at the upper band. Not the ideal spot to be looking to go short on a daily basis. Intraday, the 3vol bar chart is suggesting a selloff may be close.

Sorry, not sure yet if I will be able to update today. My own computer crashed. I am using my Sister's.

Looks like we are going to find out today how much the market has already priced the Yahoo/Broadcast deal into the stock. Cumulative 3 minute breadth was pretty well negative from the open and stayed that way all day. Look how far CCI dropped, so we look to be somewhat over sold intraday. The OEX closed right at previous support on the five minute chart. Cumulative daily breadth continues to improve marginally so I don't picture a crash but I wouldn't rule out further downside. If the market continues to rally from here, we may see the OEX converge near the two trenlines on the bondspread chart maybe setting up a short. Cumulative daily volume has not yet broken major support. I won't even venture to make a call for today.

Well, back to the old way for today. Couldn't get into the Omega site, so I don't have the usual intraday charts. I feel blind. I have been fooling around with the new TS2000 program and using the global server. I wasn't able to transfer data out of it into SC4 and I have gaps in the data. We are right at trendline support that may send the OEX to record highs . You don't want this trendline to break today if you are a bull. 666 may be a target to shoot for. So far daily cumulative breadth has been turned back by the 30 day. Good setup for a crack at new highs. The XAU is clearly in a downtrend but it looks like we could get a bounce from the 53-54 area if you are inclined to take a shot at the long side. Not good to see Internet stock moving up while Yahoo moves down.. The premium will drop sharply from here if the gap on the daily doesn’t' hold. A break above this Gann line and we are on the way. Have you noticed that GOCASINO is in five languages. They have also been advertising a lot recently, even saw a banner on Silicon Investor. This is a long term play. I think this stock could be another BII.

What a breakout, but does it have legs? So far the futures this morning don't think so. Note the trendline just above the recent highs on the bondspread chart. It also marks the upper Gann lines on the daily chart. The 654 level or so on the Gann 15 minute chart may mark the next launch point. It could also mark the start of the next sharp decline with the 639 level or so on the bondspread chart, marking possible support if we do get selloff that possibly lasts longer than a day. Note, cumulative daily breadth , may be actually making an attempt to turn up. If we do continue to rally this week the best low risk put entry may be at the magenta trendline which has so far marked the recent high for cumulative volume. If cumulative daily volume does manage to breakout to the upside from there, we could be going substantially higher.

I am not real excited about how the intraday indicators are lined up today. The only clear pattern I see is the yellow trendline on the five minute chart. I would play a possible clean break of the 642 level if I was looking for a put trade today. Yesterday's highs, marked by the short term averages could mark a possible breakout point to the upside. I think the big question in the minds of traders is, are ground troops going to be deployed if all else fails. I think it will come to that if history is any indication. I am not taking what is going on lightly. Whether any of this will translate into a steep market decline remains open to debate as Internet stocks continues to provide massive amounts of liquidity. These new millionaires have to park their money somewhere. Keep an eye on Yahoo. The April 200 calls could pay off big time.

Interesting setup today on the intraday charts, with marked resistance, on the Gann 15 minute chart at the 649 level, and then the 652 level, where the last drop started from, with intrady RSI and CCI jamming overbought levels . If the OEX can break these levels in a quick manner we could see those record highs rather quickly. I think because we rallied so quickly, we should pause here. Cumulative volume could go on a sell rather quickly as we are close to the rising averages. Conditions change rather quickly intraday so I wouldn't be surprised if we gave up all of yesterdays gains today if volume turns back down. Weekend visitors are not getting the whole picture as traders at this site have been providing valuable intraday updates.

Sorry we have been having problems with the Netscape FTP. I hope Jim sends his commentary via e-mail. I got home late and I wasn’t' table to help him. The OEX never even bothered to test the marked support line on the bondspread chart. Cumulative volume is looking good for the bulls with a small base possibly being formed. Hey, we could be at record highs again fairly quickly. Even the oddlot shorts are getting into. The 640- 642 level looks to be a key level on most of my charts. That looks like the best level if you want to attempt the short side if this little rally is nothing more than a dead cat bounce.

Travis is on fire! The only way you can trade this market currently is through e-mail updates, seeing as I can't get up, stay with the hot trader. I screwed up with the Fib Channels. They aren't a good indicator, as a big price swing moves the channel. I have replaced it with fib zones. Look to the trend line at 627 on the bondspread chart if you are entertaing the long side. Cumulative volume was basically straight down all day. 640 -642, marks the falling Mercury price line.

More of the same today? RSI is diverging on the hourly and Trix on the daily is close to tagging the zero line. We have the setup for a rally attempt. We just need volume to kick in today. MAJ is right at support on the daily. I would look to the 645 Fib support level on the the astro2 chart as an entry point. Use a 7 point stop. At the money calls. If the trade is triggered I would look to exit at yesterdays close, unless I provide an e-mail update.

A one day bear market? It sure looked like it on the intraday charts. The daily charts are suggesting to me the short side should be traded. Cumulative volume is right at support for the open, and my intraday indicators are suggesting we could get a good bounce today. I prefer to look for a long entry here off the zero line on the daily trix indicator. I would be looking for a short entry off the falling 360 minute moving average on the Quote charts today. Use a 5 point stop. Here is the EGRP chart Travis, it looks almost like the AOL chart. Thanks for another 1000 percenter! And yes, I am still hitting myself over the head with the RNWK recommendation. Looking for a place to park some off those AOL profits? Well, I bought shares in GOCA. I think the reward could be worth the risk. I am going to be looking at buying some shares in INSGY today. Don't use market orders for these puppies. Here is the Gann 15 minute, astro, astro2 5 minute, hourly, hourly2, daily Trix, and the 3vol bar chart. My e-mail is currently off line. I hope it will be back up tomorrow, I am only able to send. Don't ask, you can thank Partition Magic.

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