Joe's JEANS

The market is headed for the bottom of the move from the fat finger day.....question is does it make a double bottom there or is there a panic selloff once it gets there?

I dont understand buying at these levels...ive known for several weeks lower prices were coming,we just got a preview of things to come not long ago..

Dont you guys think if the Dow is headed for 9900 again we see Joez at the $1.40-$1.60 level and it could be much lower if the selloff gets worse once we get there..look at the levels on the chart[DOW]if 9770s dont hold as support say hello to 9500 prob pretty quickly too and that level only offered short term resistance so who knows if it offer support...if that blows we go all the way to 9000

I average all the time trading forex but you gotta read the chart to find certain spots at support or pivots,fibonacci levels whatever,all the ones i use told me to get out and i missed good gains no doubt but i took all profits off the table knowing a better price was coming..day trading this stock would be the only way id be averaging or adding to positions at these prices..market closed just off the lows and tomorrow is Friday...today we only saw the low from the day AFTER fat finger

Im not saying this stock wont go higher but look at the Dow chart and this chart...Joez ran for a week off good #s to stat April but then slowly drifted back toward $2.60...the DOW was running until the start May then we had Fat Finger day 5/6...since then these two havent been able to hold onto any gains at all...we saw the low of 9900 on 5/6 and now its clear we need to trade this area b4 we go forward..or it seems pretty clear to me,maybe im crazy???

Maybe the market turns but right now it sure doesnt look that way "sell in May and go away" is proving to be right on..its not just Euro problems look at the job #s being released month after month...they havent been good if you take out the inflated ones with the census hiring and theyve been shitty for some time...everybody sayn the housing market waiting for the next wave of shit to hit the fan...it should be a fun summer...

All im saying is you could see the way Joez and the DOW were trending so why add shares at those prices?We hit the target on the DOW now lets see if she hold or the decline keeps going next week...

The word of the week is CONTAGION....

Just wait for the bottom..Eurozones problems are just unfolding... still a few PIIGS to be slaughtered...stocks will keep heading lower as long as theres all this news week in week out...remember we still have the next wave of ARM loans to hit later this year and its est that this wave is almost as big as the first one..

JOEZ up .14 today to 2.33

yeah i saw this too...i still think she sinks when the market corrects lower again..it may be a good long hold but i would be range trading this puppy,in and out 10-20%

I know some here dont think its going to get any worse out here but i think we see the lows again once the shit hits the fan again..look at the way they reacted to jobs #s yesterday...and the reports have been this way through the entire run up

Ive posted this stock b4 but ill do it again...CHK has been an awesome trade for the last year plus for me...jump in low 20s[had a few drops to upper teens which were nice]out in the mid upper 20s....its so easy to make money in this market it isnt funny...i dont know how people find ways to lose money honestly..

Take a look at the DIJA weekly chart,looks like if it cant climb higher this week  and hold some gains there will be a cross of the +DI and -DI LOWER..it crossed lower on the 21st according to the daily chart..this was around 10400...will the monthly follow is the question if so does 9660 hold?If not 9380?...picking the levels is easy its guessing wether they hold or not thats tough..

Well 9660 gave but the rallied the market cause there were more bad #s...that makes sense

More data tomorrow will the news be bad enough for another rally is the question?