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Chat Logs April 2009


ckdrive: vs -663k expectation
08:17 palmer: wow very ugly candlese
08:20 bruce9432: April Fool's Day computer virus is activated... but fails to cause internet chaos...Drudge Report
08:20 prestwickdrive: 80.5 2 candle 15 min proj unless 91.5 is taken out
09:30 PashaLV: Good morning everyone!
09:31 prestwickdrive: 15 min proj hit
09:32 VO: l @ 79.75
09:37 VO: 1 @ 81.75
09:37 prestwickdrive: nice VO
09:37 VO: stop be
09:38 prestwickdrive: you eyeing a .62 extension to 78.25?
09:39 VO: 84ish would be nice
09:42 gila: fisher in tv 10am
09:42 VO: flat 83
09:42 gila: gs climbving
09:46 VO: selling 84
09:47 prestwickdrive: 1 min 100 ma @ 83.75
09:53 VO: l @ 81.75
09:53 VO: risky
09:54 VO: stop 80.25
09:56 dda: Hi VO, can I ask what setup you're looking for entering? or just price action
09:56 VO: abc
09:57 dda: tx
09:58 VO: will take 1 at 83.50
09:58 VO: stop be
09:59 VO: flat 84.50
10:00 koolblue: short from 786.25
10:01 VO: s 87.50
10:05 koolblue: stopped at 789.00...loss of 2.5
10:05 koolblue: selling 790.25
10:10 VO: stopped
10:11 koolblue: short 2Es from 790.25
10:20 koolblue: STOPPED at 792.25 loss of 2 on 2 es...
10:21 VO: selling 95
10:27 VO: 1 93
10:28 VO: will add with a failed high
10:41 koolblue: selling the 1 min projection at 798.50(order at 788.25)
10:46 koolblue: short 2@from 788.25 looking for 786
10:56 VO: s @ 97.25
11:01 megatron1981: selling @ 801
11:06 megatron1981: bought @ 98.25
11:08 bruce9432: Just out of curiosity, how come the audio is not used in this room
11:08 VO: 1 @ 96.50
11:09 VO: looking for low 90's on other
11:09 megatron1981: sold @ 98 for +0.75
11:17 megatron1981: bought @ 95.25
11:17 LordAlfa: gm
11:17 koolblue: out one at 785.25
11:17 koolblue: plus 3 on that half
11:18 koolblue: holding for 793-4 on the other
11:19 koolblue: out the other at 785.50
11:19 koolblue: plus2.75 there ..looking to sell again soon
11:20 megatron1981: sold @ 96.25 for 1
11:22 megatron1981: s @ 97
11:24 megatron1981: cover @ 96.,50 for 0.50
11:32 megatron1981: s @ 99
11:34 megatron1981: added @ 801
11:35 megatron1981: cover all @ 800 for be
11:35 --------------------< 4' Trading Tutor Interactive >--------------------
11:05 DonB: !!!!!
11:05 paul: Shelli did you get FAZ fill?
11:05 Jack: is that your first etf, shelli.
11:06 Shelli Patience: yes paul
11:06 Shelli Patience: yes jack
11:06 paul: price?
11:06 Shelli Patience: 19.51
11:06 paul: ty
11:08 Shelli Patience: I have no idea if theis will work as we're consolidating in a low area but am giving it a try
11:08 bobnj: bought FAZ at 19.65
11:10 Confluence: http://206.71.64.13:12001/graphics/wed/DE084253-61.png
11:11 Confluence: http://206.71.64.13:12001/graphics/wed/DE084253-62.png
11:12 DonB: Confluence, I just looked at my 5 min chart and noticed I missed the H&S which resulted in the move from 779. :(
11:12 Confluence: ah
11:12 Confluence: that botton around 75 is impt to hold imo
11:13 AZ: Shelli , do you see any thing wish SDS please
11:14 Shelli Patience: no AZ
11:14 AZ: Tks
11:15 sue: How ya holding up Henry?
11:15 sue: Whats your target on your last?
11:21 Confluence: http://206.71.64.13:12001/graphics/wed/DE084253-63.png
11:22 Confluence: http://206.71.64.13:12001/graphics/wed/DE084253-64.png
11:23 Henry: stopped 2nd 797.50
11:23 Shelli Patience: http://www.tradingtutor.com/charts/2009-04-01 11-23 ES #F 2.png
11:23 Henry: Shelli, thatisa Head and shoulders
11:24 Henry: I think
11:24 Shelli Patience: it may be
11:24 Shelli Patience: also looks like possible cup n handle
11:24 Henry: If so, where should it resolve ?
11:25 Shelli Patience: 5.25 from break of neckline
11:25 Shelli Patience: so h-l and then subtract from low
11:26 Shelli Patience: H=800 L=794.75
11:26 Shelli Patience: so 794.75-5.25
11:27 Henry: 789.50 is the exact 50% retrace
11:27 Shelli Patience: yes
11:27 DonB.: http://206.71.64.13:12001/graphics/wed/HF536766-16.png
11:27 Shelli Patience: and would produce a nice abcd
11:28 Shelli Patience: however neckline has to break
11:28 DonB: If the AB=CD line follows through, the H&S would be completed
11:28 DonB: just a guess
11:28 Shelli Patience: we also need to be aware of the abcd up also just in case
11:29 DonB: will try a sell at 800 (on paper)
11:29 Shelli Patience: http://www.tradingtutor.com/charts/2009-04-01 11-29 ES #F 2.png
11:29 DonB: true
11:30 Shelli Patience: one thing you always want to do is draw any of the possibilities that could happen so your ready one way or the other
11:31 DonB: the proper selling point for the H&S would be around 796.25 - 796.50 I would think
11:31 Shelli Patience: moot point now
11:31 Shelli Patience: I like to look for the neckline break
11:32 DonB: :) going with the AB=CD.
11:33 Henry: http://206.71.64.13:12001/graphics/wed/AK891488-32.png
11:36 Henry: 5 min map seems to be following fairly closely
11:36 DonB: true
11:39 scottb: JPY?
11:39 Shelli Patience: scottb what timeframe
11:39 scottb: 10 min
11:39 Shelli Patience: ok one sec
11:39 --------------------< 78 Harmonics >--------------------
09:42 gila: gs climbving
09:46 VO: selling 84
09:47 prestwickdrive: 1 min 100 ma @ 83.75
09:53 VO: l @ 81.75
09:53 VO: risky
09:54 VO: stop 80.25
09:56 dda: Hi VO, can I ask what setup you're looking for entering? or just price action
09:56 VO: abc
09:57 dda: tx
09:58 VO: will take 1 at 83.50
09:58 VO: stop be
09:59 VO: flat 84.50
10:00 koolblue: short from 786.25
10:01 VO: s 87.50
10:05 koolblue: stopped at 789.00...loss of 2.5
10:05 koolblue: selling 790.25
10:10 VO: stopped
10:11 koolblue: short 2Es from 790.25
10:20 koolblue: STOPPED at 792.25 loss of 2 on 2 es...
10:21 VO: selling 95
10:27 VO: 1 93
10:28 VO: will add with a failed high
10:38 koolblue: selling the 1 min projection at 798.50(order at 788.25)
10:43 koolblue: short 2@from 788.25 looking for 786
10:53 VO: s @ 97.25
10:58 megatron1981: selling @ 801
11:03 megatron1981: bought @ 98.25
11:05 bruce9432: Just out of curiosity, how come the audio is not used in this room
11:06 VO: 1 @ 96.50
11:06 VO: looking for low 90's on other
11:07 megatron1981: sold @ 98 for +0.75
11:14 megatron1981: bought @ 95.25
11:14 LordAlfa: gm
11:14 koolblue: out one at 785.25
11:15 koolblue: plus 3 on that half
11:15 koolblue: holding for 793-4 on the other
11:16 koolblue: out the other at 785.50
11:17 koolblue: plus2.75 there ..looking to sell again soon
11:18 megatron1981: sold @ 96.25 for 1
11:19 megatron1981: s @ 97
11:21 megatron1981: cover @ 96.,50 for 0.50
11:30 megatron1981: s @ 99
11:31 megatron1981: added @ 801
11:33 megatron1981: cover all @ 800 for be
11:34 karen: tomorrow is the FASB vote on Mark to Mkt...that could cause a rally
11:35 karen: yep...that's why the buying today I think
11:35 gila: 799.75 vah 7668 vah $dji
11:35 koolblue: long one from 798.25
11:36 gila: I noticed gs going uo for along time I posted it at 942 its off highs seems to be a financial/mkt bellweather lately
11:37 palmer: look slike 5 or 7 up on the 5 min
11:42 koolblue: out at 800.00
11:42 koolblue: plus 1.75 on that one...watching
11:43 gila: yes
11:43 megatron1981: s @ 801
11:45 gila: skf 87-303.82 double short etf 52week lo-hi today its at94.1(93.1-103.59 day range)
11:47 gila: madoff yacht seized
11:48 LordAlfa: No ore sailing for him.
11:49 Haku: wow.. my new computer just came... expected april 9th
11:49 LordAlfa: What is it?
11:49 LordAlfa: I hope it is not Hell
11:49 LordAlfa: I mean Dell
11:49 Haku: a cheapie to replace my business computer
11:50 Haku: it is a hellie dellie
11:50 LordAlfa: Ohhh Noooo!
11:50 Haku: anyone heard of a virus mimicking a microsoft update?
11:50 LordAlfa: Try the Dell Mini 9. That is a good product
11:50 megatron1981: yeah I have Haku
11:51 Haku: oh no... I updated 2 days ago... hope its not that
11:51 megatron1981: wrecked my machine about a year ago - had to wipe everything
11:51 Haku: oh wow... megatron...
11:51 megatron1981: I back up everything so it didnt matter
11:52 Haku: LA... how much can a mini 9 do besides internet?
11:52 megatron1981: but it took a full day to reload
11:52 Haku: we use the mozy
11:52 LordAlfa: Install first. Get a clean install. Backup using Acronis. Burn into a CD and keep that clean install. Destroyed? Just restore.
11:53 Haku: the problem with mozyi is that I forgot the password...
11:53 Haku: if i'm not online for the next few days, it's not because of the computer... I have to fly back to hawaii
11:53 LordAlfa: I can get it use brand new for 455 usd here. WirelessN, HSDPA and GPS
11:54 LordAlfa: Aloha
11:54 Haku: hmmm.. dont need gps
11:54 LordAlfa: Megatron. You should be flat now
11:54 Haku: I get lost driving across the street
11:55 megatron1981: thinkiing about it
11:55 megatron1981: trying for 99.75
11:55 megatron1981: filled
11:56 LordAlfa: I think this is a 6th wave on the 5 min.
11:56 megatron1981: +1.25
11:57 megatron1981: I also saw a couple of 300 - 500 lotters buying @ 99.75 and 800
11:58 bruce9432: People are getting crazy with computers, I saw where they are buying aquariums and filling them with filtered mineral oil, then putting the computer in it to improve the cooling
11:59 LordAlfa: I am not that crazy.
11:59 megatron1981: s @ 801
12:00 LordAlfa: Bruce, I did not receive the mail.
12:00 bruce9432: It came back undeliverable
12:01 LordAlfa: Well my skype is there. Later.
12:02 megatron1981: trying to cover @ 99
12:09 LordAlfa: We wait for the Q1 report card and we'll see.
12:10 LordAlfa: If Citi report great numbers, Some creative accounting must be the answer.
12:11 LordAlfa: S 04
12:11 megatron1981: stopped @ 804
12:12 koolblue: short a couple at 804.25
12:12 VO: ss @ 4
12:19 kittste: What's a "grail buy"?
12:20 LordAlfa: http://www.mypivots.com/forum/topic.asp?TOPIC_ID=3918&SearchTerms=grail
12:21 kittste: Thanks
12:21 gila: btw there is a free linda rashke seminar today after mkt
12:21 LordAlfa: 4.30
12:22 koolblue: chart posted
12:23 jimmy: bruce thank you for telling me about this room very interesting
12:24 PDQ: http://www.trading-naked.com/library/JoeRossTradingManual_C13_103_109.pdf
12:25 PDQ: Here's another version of market timing by Joe Ross.........
12:28 koolblue: one covered at 802.75...plus 1.5... still short the other..stop at 805.50
12:29 megatron1981: be back in 10
12:29 LordAlfa: current 1 min 1 bar proj 01.25
12:29 koolblue: looking to cover the other as close to 800.50 as I can tho lower is very possible!
12:30 LordAlfa: 802.
12:30 LordAlfa: 99.25
12:31 LordAlfa: 1 off 802
12:33 LordAlfa: stop 05.25
12:33 koolblue: stop on the remaining short lowered to break even at 804.25
12:34 LordAlfa: MACD is flat. it can go either way.
12:34 LordAlfa: On the 5 min
12:35 LordAlfa: current 1 min proj up 04.25
12:36 LordAlfa: If it goes up there and swings down, makes an ABC downward.
12:37 LordAlfa: actually 50% retrace from is complete. So the abc can be valid. If there is 2 bars down on the 610T chart.
12:38 VO: flat 1.50
12:38 LordAlfa: 127.2=799.25
12:38 koolblue: out the other half at 801.50
12:38 LordAlfa: stop 04
12:39 koolblue: plus 2.75 on that one....
12:39 koolblue: now up 5.25 on the day
12:40 megatron1981: b @ 801
12:42 LordAlfa: current 1 min up proj 02.50
12:44 koolblue: megatron what stops are you using for these .5 - 100 trades?
12:44 megatron1981: if im scalping I usually use 1.5 - 2 points, but when buying off floor levels, it's 3 points,
12:45 koolblue: for a 1 handle profit?!!??
12:45 LordAlfa: megatron, are you basing your entries on the Sochastic 14,3,3 Xover?
12:45 megatron1981: yes, I win like 80% of the time so my expected profit for scalps is 0.50 or so
12:46 megatron1981: no, floor levels using big contract S&P futures
12:46 koolblue: thats a risk reward of NEGATIVE 2:1 !!!!
12:46 megatron1981: but I win 80 -90% of the time
12:46 koolblue: NOT TODAY!
12:47 LordAlfa: Means if you lose 2 pt, you need to make 4 trades to BE
12:47 megatron1981: im still up slighty, not as much as I was before I got stopped out for 3 points
12:47 megatron1981: :(
12:47 John: At 80%, though, your break even risk-reward is at 4 to 1?
12:48 megatron1981: I only scalp like 2 - 3 times a day, most of my trading is quasi-swing moves
12:48 PT: what's your win % if you use a 1 point stop ?
12:49 koolblue: good luck, pal!
12:49 koolblue: paper trading is much easier than real!!!
12:49 megatron1981: no idea man, I usually use 3 point stops for swing moves -
12:49 PT: 2 ticks is not a swing
12:50 megatron1981: "quasi"
12:50 PT: 2 ticks is noise
12:50 megatron1981: to me it's a swing :) sclaping is 0.25 - .75 imho
12:50 jimmy: you can make money in noise
12:51 PT: ok
12:51 koolblue: on paper, jimmy, not in real trading!
12:51 LordAlfa: stop 02.50
12:52 jimmy: real trading too
12:52 megatron1981: I agree, im far too conservative in real trading - with time hopefully it'll get better
12:54 PT: the average range is 30 points, why trade for 2 ticks ?
12:54 PT: in this volatility , you should be going for 2 points minimum
12:55 VO: different strokes for different folks
12:56 megatron1981: exactly
12:56 icepick: wouldnt a 3 point stop on 2 ticks be a 6:1 risk/ reward? regardless of win %, yikes !!!!
12:57 PT: risking 3 points to make 2 ticks is not mathemetically sound, unless you are at 100% win rate
12:57 LordAlfa: It ok. As long as you make profit. Just that you should ask your broker for free lunch everyday.
12:57 jimmy: huge risk wil never work ,
12:57 PT: math is math
12:57 PT: no amount of delusion will change the math
12:58 jimmy: absolutely right
12:59 icepick: PT, "trading in the zone" really made me look at things differently, I would strongly recommend that book to anyone willing to honestly analyze their trading
12:59 LordAlfa: Free download from me if anyone wants it in PDF
12:59 gila: yes please lord alfa
13:00 kittste: Yes please LA :)
13:00 LordAlfa: stop 801
13:00 karen: LA...would love it, thks!
13:00 icepick: and their "mindset"
13:00 LordAlfa: After hours. I don't want you guys jamming my private ftp server.
13:00 karen: no problems, thanks for the offer
13:01 LordAlfa: flat 99.50
13:01 LordAlfa: +6.5 for 2 contracts.
13:01 koolblue: long one (nervously) from 799.50... 1.5 stop
13:03 megatron1981: gj LA
13:03 LordAlfa: thank.
13:04 LordAlfa: PTs, then yours
13:04 karen: ysterday uva 800.50
13:04 koolblue: stop now 798.75
13:04 LordAlfa: Let me create an ftp account for you guys.
13:05 karen: nice trading guys
13:05 koolblue: out at 801.25...plus 1.75 there
13:06 karen: this is just such a psychological level also
13:06 karen: plus va here
13:07 karen: yep
13:07 karen: resistance up around 825/830 if more upside
13:07 karen: big IF
13:09 jimmy: has any body tried e miniaddict ,live charts ,pit noise commentary 30$per month
13:10 karen: I have sqwuak box through tradersaudio
13:10 LordAlfa: ftp://northwood.pointclark.net
13:10 LordAlfa: username: koolstools
13:10 LordAlfa: password: koolstools
13:11 LordAlfa: Valid for 1 week. Since this is posted on the chat logs. I don't want everyone swarming my home server
13:11 jimmy: karen ,is it good
13:11 LordAlfa: The folder is TradingBooks
13:11 karen: I like it jimmy, but have to turn it off at times, get to be a bit much to listen to all day....it's around $100/month though
13:12 karen: thks Lord Alfa...much appreciated!
13:12 LordAlfa: Disciplined Trader
13:12 LordAlfa: Trading in the Zone
13:12 LordAlfa: Japanese Candlestick Charting
13:12 LordAlfa: The Candlestick Course
13:12 LordAlfa: The Harmonic Trader
13:13 kittste: Thanks LA.
13:13 LordAlfa: Candlestick is none other than Steve Nison
13:13 LordAlfa: ok
13:13 megatron1981: ack stopped out for neg 3 oh well
13:14 LordAlfa: Wait. I think I lost my trading in the zone.
13:18 PT: bounced off the DeMark pivot
13:22 PT: daily DeMark pivot High is at 812.25
13:24 karen: yes
13:25 icepick: kool, i've recently looked at the range, and the pivots - and gained a "new perspective"
13:25 LordAlfa: Please close your browser after you downloaded. Other might want to get in.
13:28 icepick: yeah, i'm looking at R 1 (806.50) to short the 1st test, and feel i'm protected by 810 as the top
13:28 karen: right...I knew that, but great reminder...range important to note
13:30 icepick: i've been seeing some interesting correlations w/ the pivots and the cycles/projections
13:36 karen: a not to to be repetitive, but this FASB vote tomorrow may affect things
13:36 karen: going into the close today will be interesting to see what they do
13:36 LordAlfa: 1 min down 98.50
13:37 LordAlfa: I am buying
13:38 LordAlfa: uncertainty here for me
13:38 LordAlfa: Because it close to the 15 min 96
13:38 VO: l@ 800.75
13:41 VO: stop be
13:41 Margie: LA, ty for sharing those books
13:42 VO: 1 @ 4
13:42 Margie: gj VO
13:49 LordAlfa: 04.50 is the 88.6
13:49 icepick: teach him to trade !
13:50 LordAlfa: curent 1 min 2 bar 02.25
13:52 bruce9432: see 10:09
13:53 Vast524: 13:09 LordAlfa: Disciplined Trader
13:09 LordAlfa: Trading in the Zone
13:10 LordAlfa: Japanese Candlestick Charting
13:10 LordAlfa: The Candlestick Course
13:10 LordAlfa: The Harmonic Trader
13:53 bruce9432: Post time for the books
13:54 Vast524: The time LA posted the book names.
13:54 LordAlfa: 1 ticked
13:54 LordAlfa: There goes the Dodge RAM sales
13:54 bruce9432: Obama is goint to furnish the entire federal government fleet with GMs
13:56 karen: 807 yesterday high fwiw
13:56 icepick: cya kool
13:56 karen: bye kool
13:57 VO: stop 2.25
13:58 karen: ftp://northwood.pointclark.net
14:02 PT: weekly DeMark pivot 810.75
14:03 VO: flat 5.5
14:03 LordAlfa: Good VO
14:06 LordAlfa: Change of the site.
14:06 LordAlfa: ftp://gateway.thevisualvibes.com
14:06 LordAlfa: username: koolstools
14:06 LordAlfa: password: koolstools
14:07 karen: thks LA
14:07 LordAlfa: This is my company server. My home server has more bandwidth but I don't want my provider sending me a letter
14:07 LordAlfa: I will shutdown the home server account.
14:07 LordAlfa: you can download it anytime now.
14:08 karen: k great
14:09 icepick: grrrrrrrrrrrr
14:10 palmer: divergence on 1 and 5 min
14:10 VO: s 1 @ 8
14:12 gila: thanks so much for your generosity sharing this with us
14:12 Vast524: TY LA. Very much appreciated
14:12 gila: never would have thoiught we'd be in 7700's today
14:13 VO: bidding 6.50
14:14 palmer: guys- I have a site with free bookspfd
14:14 palmer: pdf
14:15 bruce9432: Private employers cut jobs by a record 742,000 in March versus a 706,000 revised cut in February that was originally reported at 697,000 jobs, said ADP, which has been carrying out the survey since 2001.

The big drop foreshadows a huge decline in the non-farm payroll reading in the government's employment report that will be released on Friday, some analysts said.


Obama Orders Chevrolet and Dodge Out Of NASCAR - Car News
With their racing budgets deemed “unnecessary expenditures,” GM and Chrysler are ordered to cease racing operations at the end of the season.
14:15 LordAlfa: where?
14:15 palmer: let me know if you want the link
14:15 LordAlfa: Naw! stop racing?
14:15 palmer: www.247free.org/books/
14:15 kittste: I found this website - http://www.supertradersystem.com/18717.html
14:16 LordAlfa: BTW, in 30 years of F1. A debut team won the OZ GP. Brawn Racing. Richard Branson signs as main sponsor only 3 days prior to the race day.
14:17 LordAlfa: Only ING seems to be a big sponsor this year.
14:17 kittste: Branson has that midas touch
14:17 LordAlfa: Red Bull of course with 2 teams.
14:18 LordAlfa: Has to support Button, Brit support Brit. I think Hamilton is an air head.
14:18 kittste: Yeah, but you can't deny hamilton has talent. :)
14:18 kittste: He is a bit "wooden" though.
14:19 LordAlfa: Wow! palmer, which search engine? Buy it better than google.
14:19 palmer: soeone gave it to me last month
14:19 palmer: al the book s are there
14:21 LordAlfa: Market Profile by CBOT. That is a load full of things to read and understand.
14:21 LordAlfa: Who was it asking the last time?
14:22 PT: for MP , look for the book "Mind over Markets" by Dalton
14:23 LordAlfa: That is the better book.
14:23 VO: flat 6.50
14:23 LordAlfa: PT. There is a whole lot of books from Tom DeMark.
14:24 PT: nice trade VO
14:24 VO: ty
14:24 PT: any books from DeNapoli ?
14:24 LordAlfa: nope.
14:25 palmer: yes PT
14:25 palmer: dinapoli
14:25 LordAlfa: ok
14:25 palmer: levels
14:25 PT: right
14:25 PT: denapoli levels
14:26 PT: DiNapoli
14:26 palmer: LA I dont remember who gave me
14:26 palmer: yes PT it is there
14:26 PT: ok palmer thanks
14:27 palmer: no problem
14:28 Margie: Palmer, what a great list...ty
14:28 palmer: no problem guys
14:28 palmer: we all here to help each other
14:28 PT: bunch of Bressert books in there also
14:28 VO: think 5 is done
14:28 LordAlfa: This must be the WOW List
14:30 palmer: VO 5 is done on the 5 min?
14:30 VO: 610
14:31 VO: will sell lower high
14:32 VO: I count 9 on 5m...
14:34 PashaLV: for me 710.50 will be a perfect zone..
14:34 PashaLV: 810.50
14:34 palmer: no short pasha
14:34 palmer: I mean to short
14:35 PashaLV: yep, but i'll sell any lover high here as well
14:35 LordAlfa: I think it wants 812.25
14:37 palmer: agree LA
14:37 PashaLV: 811 is the highest for that move from 805.25
14:38 LordAlfa: 3 bar proj on 1 min 02.50 - 06.25
14:40 kittste: Also the 1min bars from 14:29 to 14:33 project 812.50 right??
14:41 LordAlfa: Has to break 09 first
14:42 LordAlfa: The downside proj is 01.75 from 09 -06.25
14:42 VO: s @ 7.25
14:43 VO: stop 9
14:43 palmer: did the same VO
14:44 palmer: looking for 805
14:45 LordAlfa: I will short 05
14:47 VO: will take 1 @ 5 and go to be
14:48 icepick: flat 4.50/ i'd rather have gone to get a root canal
14:50 palmer: cover +2.75
14:51 PT: nice trade palmer
14:51 palmer: thanks
14:54 VO: so f'n gay
14:54 VO: flat
14:54 John: Yep
14:55 LordAlfa: loss of 2 from S 5
14:55 LordAlfa: +4.5
14:56 icepick: VO - bearish butterfly?
14:57 icepick: 1 min - i'm not too familiar w/ it - just at a glance
14:57 icepick: ok
14:59 icepick: let me rephrase that - i'm very UNfamiliar w/ it
14:59 VO: s 1 @ 7.25
15:00 VO: stop 8.75
15:01 PashaLV: I bought your contract, VO )
15:02 VO: dont butt heads with vo
15:02 icepick: mess w/vo -ya get the horns
15:03 VO: ur prolly right pasha
15:03 LordAlfa: 15 min 6th wave down
15:03 PashaLV: dead man.. my stop@ 5.25
15:03 PashaLV: done
15:03 VO: stop be
15:04 prestwickdrive: shades of yesterday?
15:04 VO: SELL THIS PIG!!!
15:04 LordAlfa: 01.75
15:04 PashaLV: You my hero !
15:04 LordAlfa: to 01.25 the current 1 min
15:05 PT: testing the 15 minute channel line
15:05 VO: stop 6.25
15:08 LordAlfa: 1 ticked me for 04.75
15:13 LordAlfa: L 99.50
15:14 PashaLV: 89.75 was 261 of 1st abc
15:14 PashaLV: sorry 98.75
15:18 VO: SELL IT!!!...NOW!!!!....RIGHT NOW!!!
15:19 VO: DONT YOU DO IT!
15:19 LordAlfa: Yeah baby. Go Go Go
15:19 LordAlfa: Butting heads with VO
15:19 LordAlfa: 7th wave
15:20 LordAlfa: heh heh
15:23 LordAlfa: stop 97.75
15:24 LordAlfa: stop BE +1
15:27 VO: SELL IT!!!
15:28 LordAlfa: 100% 804.75
15:34 LordAlfa: current 1 min downside 800.25 but we have an outstanding 92.75
15:37 VO: flat
15:37 LordAlfa: stop 800.50
15:39 LordAlfa: flat 806. Hate them when they hit me and no fill especially for exit
15:39 LordAlfa: +6.5 Nett 11
15:39 gila: strange mkt went up when there was talk of new diabetes pill
15:40 LordAlfa: Well I'll increase my sugar consumption
15:40 gila: you are funny
15:41 gila: watch ticks at close
15:41 LordAlfa: Buy sugar commodities. With this new pill more demand for sugar.
15:42 PashaLV: selling 10.50
15:44 gila: yes esp since taxes will be raised on tobacco in the states
15:45 LordAlfa: In Singapore they have been killing smokers since the 80s.. In parliament, once they announce tobacco taxes, it is with immediate effect. A pack of Marlboro 20s is US$7.62
15:46 LordAlfa: I know of people in Philip Morris. Just make a guess how much is the manufacturing cost for 1 carton of ciggies. 200 sticks.
15:46 gila: $1
15:46 LordAlfa: 2 EUD
15:47 gila: thats about$3?
15:47 LordAlfa: But the biggest winner is the gov taxes.
15:47 LordAlfa: Yes 3 USD
15:48 Haku: I used to help my grandmother roll her cigars
15:48 gila: thats what theyt are trying to do raise money anyway possible
15:48 gila: I tried smiking when I was 11 never learned to inhale never touched a cig since
15:48 PT: smokers gonna bail out the country
15:49 LordAlfa: But in a way it was good. Stopped me smoking. Started 16 stopped at 18. As a teenager need more money to buy fashion than ciggies.
15:49 gila: vix near lod
15:50 gila: yes better to try smoking at a young age give it up.i cannt figure out why the store sold it to me I agree with u fashion is a better use of your money than cigs
15:52 VO: s 1 @ 8.75
15:55 karen: was interested to see the close today, knowing that the FASB vote on Mark to Mkt is tomorrow...had a strong feeling we would close strong
15:58 VO: stop be
16:01 VO: flat 5.50
16:02 VO: ty
16:04 PashaLV: Have a nice evening, friends ! See you tomorrow!
16:06 Haku: I need to leave too.. bye, eveyone
16:06 gila: key reversal day so far
16:06 LordAlfa: see you.
16:06 LordAlfa: Better than the last 2 days
16:16 karen: VO...the vote is in the morning tomorrow for the FASB...that's big for the financial sector
16:17 karen: lol yep
16:17 palmer: karen
16:17 palmer: you have a time on that vote
16:18 karen: palmer...I looked all over for it and couldn't find it, but I think I heard on cnbc that it's before market open
16:18 karen: or at the open
16:22 John: Because the gov is giving them a free put at our expense...
16:22 LordAlfa: LOL John.
16:23 Vast524: Just more power to China. They are the biggest buyer of all this. They are the biggest buyer of the Australian bocds now.
16:23 John: Sickeningly funny, but it is part of the PPIP plan...
16:26 palmer: US dont have the cloat anymore
16:26 palmer: europe thinks US caused it
16:26 Vast524: If they keep printing money, value goes down, inflation goes up, interest goes up (This applies to Australia as well) Our Prime Minister seems bent on trying to change the world. He is always trying to be on the world scene.
16:26 palmer: VO- no one want to have pain
16:26 palmer: but we need to have pain to cleanse the system
16:27 palmer: VAST -where in australia are u
16:28 Vast524: Queensland
16:28 LordAlfa: View this http://www.youtube.com/watch?v=mc9TVlzdEsc
16:28 palmer: maybe sister went to australia for her internship
16:28 palmer: she was in adelaide
16:28 palmer: I think that's how it is spelt
16:29 Vast524: It is funny. The US has Obumma, and we have Kevin Rudd as our PM. He is known as Krudd.
16:29 bruce9432: Is there any way to copy and past off the chat dialogue?
16:29 bruce9432: Obama is quickly becoming "Dear Leader"
16:29 kittste: Click in the dialogue then do ctrl+a and paste where you want
16:30 kittste: ctrl+a and then ctrl+c
16:30 bruce9432: I want to copy from the dialogue i.e. html addresses
16:30 palmer: yes pt
16:30 palmer: just heard it on my local news
16:30 kittste: oh, sorry, don't kow how to do that
16:31 parson: Vast524, I have a lady visitor from Queensland in my home right now ( I'm in Texas)
16:31 palmer: I am in nascar headquarters
16:31 bruce9432: I don't think you can
16:31 palmer: concord
16:31 palmer: yep
16:31 palmer: north charlottte
16:31 palmer: I can see the stadium from my boonus room
16:31 bruce9432: I am in Dana Point CA
16:31 palmer: nope I am not from here
16:31 LordAlfa: F1 is running out of monet too. Bernie is the winner
16:31 palmer: I moved here
16:31 palmer: not a fan
16:32 LordAlfa: I love racing but not NASCAR. Don't like cars that can't turn. LOL
16:33 palmer: VO I got my mony tree roots from lowes
16:33 palmer: money tree
16:33 palmer: lets see if it is yen or dollars
16:34 palmer: :)
16:34 palmer: yep right
16:34 LordAlfa: Buy gold
16:34 palmer: yep use it as mulch
16:34 LordAlfa: I am buying a KiloBar at US$44,000
16:39 Vast524: PT. I thought the other week you were saying Gold was going to $600
16:40 Vast524: Good thing I kept all my gold stocks
16:40 Vast524: Precther I think
16:41 palmer: anyone use zenfire here
16:41 Vast524: With the Govt's of this world printing so much money, inflation will go up and currencies values will go down. Gold will be king for a while I think
16:42 bruce9432: simulator is NT,TradeStation for real
16:42 palmer: zenfire I am trying to get a quote on e7= euro mini
16:43 LordAlfa: here
16:43 bruce9432: Heard on Bloomberg that if you laid our 1 trillion dollars in hundred dollar bills it would cover 37 square miles
16:43 palmer: LA - you talking to me
16:43 LordAlfa: I just paired my USD with gold
16:43 LordAlfa: palmer. Bruce
16:44 bruce9432: myself , I look at the Euro FX Euro e mini no volume
16:45 palmer: maybe they setting it up
16:45 palmer: to trade
16:45 palmer: but not ready yet
16:45 LordAlfa: Bruce, The FESX?
16:45 LordAlfa: They start 4am EST
16:46 LordAlfa: Sorry. EUD emini.
16:46 palmer: eur mini LA
16:46 palmer: you use zenfire
16:46 bruce9432: On zenfire it is 6E 06-09
16:46 palmer: nope I mean the new one
16:47 palmer: 6e= euro fx
16:47 palmer: they have a mini now
16:47 palmer: e7
16:47 bruce9432: There is no volume on the mini
16:47 palmer: ok
16:48 LordAlfa: made 4 trades 'n nett 11
16:48 LordAlfa: Wow
16:48 LordAlfa: good
16:52 karen: appreciate you doing that PT...good of you to point it out
16:52 karen: lots of newbies follow calls without really understsanding
16:53 LordAlfa: he was using the stochastic Xover as entry. He doesn't even buy/sell on overbought/oversold signals
16:57 LordAlfa: When it don't work, I will butt heads with VO. LOL
17:02 LordAlfa: Stake out man
17:05 Vast524: Drink Aussie wines. They are cheap and fantastic. Good Aussies wines for US$10
17:05 VO: greg normans no less
17:06 LordAlfa: Vast I like Hunter Valley
17:06 Vast524: No.
17:08 Vast524: Cya
17:10 LordAlfa: That's great, it is returned to you.
17:12 Vast524: GM LA :)
17:13 Vast524: bye
17:27 bruce9432: I asked this before, why don't they use the audio in Esign?
Friday April 3rd

06:53 koolblue: SHORT ONE RIGHT HERE...837.25
06:54 koolblue: note 7 waves up on the 1 min chart
06:54 koolblue: and possible wicked w on the 5 min chart
07:07 koolblue: govering here
07:08 koolblue: out at 835.50///plus 1.75 on that one
07:08 palmer: GM Kool
07:14 koolblue: morning
07:14 palmer: another +1294 tick close yesterday
07:15 palmer: wednesday was 1450
07:16 koolblue: yup . typical...end is coming soon! Likely by today or mon
07:31 Robin: Morning Kool and all :)
07:36 gila: gm
07:37 palmer: rick Santelli sound very negative
07:37 palmer: dont believe this rally
07:40 koolblue: SELLING AGAIN HERE
07:41 koolblue: short one at 838.00(5 min proj was 838.25)
07:44 koolblue: Max!..double click on the kools tools icon above you and that will bring you into this room
07:47 koolblue: trying to exit as close to 836.00 as possible
07:54 koolblue: chart posted...in the private room
08:19 koolblue: my stop is at 839.00, risking only one handle
08:23 koolblue: covering now
08:24 koolblue: out at 836.50...plus 1.5 there
08:25 koolblue: up 3.25 on the day
08:26 koolblue: projection down is 818.75 unless 842.25 is touched again
08:27 koolblue: projections up center around 854
08:33 palmer: wow govt sector lost jobs
08:33 palmer: that one is not good
08:35 gila: what was the hi when number came out thx in es and ym thx
08:36 Margie: 844.50
08:36 gila: thyx
08:36 gila: did ym go to 8035?
08:36 palmer: waiting for this thing to settle
08:37 palmer: it is still jumpy
08:37 gila: rimm over 62up 27% will affect nq
08:38 palmer: lets us goto 854 so we can short :)
08:40 koolblue: numbers on the upside to watch today... 846.50; 852.50; 854.00-854.50
08:41 koolblue: on the downside watch 830.50;826.25;818.75
08:43 koolblue: oops got to add 864!
08:44 palmer: ah Kool I think the same
08:44 palmer: breaking yesterday highs
08:47 koolblue: chart posted
08:50 palmer: bwe hit that Kool
08:50 palmer: 844.50
08:52 VO: 32 = 161.8
08:52 palmer: long 832.50
08:52 palmer: stop 830
08:52 VO: l 1 @ 32.50
08:52 palmer: POC is 832.25
08:54 Vast524: GM Kool and others
08:54 Vast524: Good day to you all is probably better
08:54 Vast524: Nope, just watched
08:54 Vast524: All a bit scary
08:55 Vast524: Was going to get in on the retrace, but it did hang there for quite awhile
08:55 Vast524: Did you wait though until it went below the HMA to get in PT?
08:56 koolblue: buying here
08:56 koolblue: long 2@ at 830.75
08:58 Vast524: Sorry, missed that last one
08:58 Vast524: OK
08:58 Vast524: TY
08:58 koolblue: covereing one at 831.75
08:58 kenga: <--------------MAX
08:59 kenga: that was ez
08:59 kenga: thank you
09:00 koolblue: out one at 831.75...plus one ..up 4 now...
09:01 viktor: 830.50 month hi in es
09:01 koolblue: holding the other for 833.00, hoping for 833.50
09:01 palmer: out b/e
09:01 palmer: too impatient
09:05 koolblue: stopped out at 830.00
09:06 koolblue: loss of 0.75..now up 3.25 on the day
09:15 kenga: could have a gap fill
09:15 kenga: from the close yesterday
09:21 LordAlfa: gm
09:26 gila: 38.75 32.25 30,25
09:27 mrg22: I have poc from another site that shows 835
09:29 gila: thats pivot 2es.d
09:30 gila: 33.5 piv es.d 28.5 es piv
09:31 mrg22: np
09:34 PashaLV: Good morning, friends !
09:35 Margie: Good Morning, happy Friday!
09:39 gila: gs pos financials improving
09:41 koolblue: long one at 831.75
09:41 koolblue: 2 point stop
09:43 koolblue: stopped at 29.75...loss of 2 ...up 1.25
09:43 LordAlfa: L 31
09:44 LordAlfa: stop 29.50
09:44 gila: vix 40.94
09:44 PashaLV: did same thig.. l@30.75, stop 29.50
09:45 gila: financials whacky
09:45 LordAlfa: weak. down proj is our stop 29.50
09:46 PashaLV: flat 32.75
09:47 LordAlfa: 15 min proj 39.50
09:48 kenga: ISM
09:48 kenga: coming out
09:48 LordAlfa: stop BE +1
09:48 LordAlfa: flat
09:48 LordAlfa: +.25
09:49 PashaLV: s@31.75
09:50 PashaLV: flat 29.25
09:50 prestwickdrive: singles 23.25-26.0
09:50 prestwickdrive: 827 sq 9
09:51 palmer: nice pasha
09:51 palmer: trying a buy @ 826.25
09:52 Margie: 15 min 823
09:56 koolblue: selling 830.00
09:58 koolblue: order cancelled
10:01 LordAlfa: Sitting here for 31 since 5 mib
10:03 LordAlfa: no go
10:04 koolblue: long from 6.25
10:04 koolblue: one off at 7.25..plus 1 up 2.25..
10:06 koolblue: out the other at 8.25...plus 2 there ...up 4.25 now
10:08 gila: 815.5lastfri close
10:13 gila: kool what are your parameters on bollinger
10:14 LordAlfa: 2.75 dev period 15
10:14 gila: up dev
10:18 palmer: 823 is a 15 min
10:18 palmer: projection- 1 candle
10:19 LordAlfa: yep
10:20 LordAlfa: If we take whole move 804.50
10:26 gila: open gaps es ym
10:28 koolblue: long one from826.25.
10:35 LordAlfa: 27.50 is a PITA
10:36 LordAlfa: L 25.25
10:41 LordAlfa: stop 24.25 if this doesn't work out
10:46 LordAlfa: stopped.
10:46 LordAlfa: -.75
10:48 koolblue: stopped at 824.25..loss of 2 ...
10:48 kenga: next stop 821
10:48 VO: l @ 23.50
10:48 LordAlfa: Whole move recent 1 min 818 again
10:48 koolblue: up 2.25 now...waiting for 818 area
10:54 VO: 1 @ 25
10:54 LordAlfa: S 25.25
10:54 koolblue: selling 826.00
10:54 VO: stop be
10:56 VO: flat 25.75
10:58 icepick: I tried 6.25 NO fill
10:58 palmer: look at where that 10:00 15 min projects
10:58 palmer: 818 area
10:58 icepick: 6.50 - not 6.25
11:00 palmer: well 817.5
11:00 LordAlfa: 1 bar 1 min proj down 22.50
11:00 LordAlfa: 2 bar
11:01 koolblue: covered one at 825.00..plus 1 handle...
11:02 LordAlfa: I hope your PITA avg works again
11:06 LordAlfa: technically a higher high is made
11:07 VO: s @ 24.50
11:10 palmer: what nu,mbers?
11:10 palmer: I didn't hear
11:10 palmer: oh ok
11:12 PashaLV: L@24.75
11:13 palmer: ben down here in charlotte
11:14 palmer: yep in charlotte
11:14 palmer: some conference
11:14 koolblue: covering...
11:15 koolblue: 825.00.plus one there..
11:15 PashaLV: flat @ 25..
11:16 koolblue: back to up 4.25 again!
11:16 Vast524: Does he have a regular slot on teh TV everyday. He will be going for a Emmy this year
11:17 LordAlfa: Just like "That's my Bush"?
11:17 Vast524: He should have his own Mid day show
11:17 icepick: last minute, I think
11:18 PT: yes he and Michelle could host and have guests on the show
11:18 PT: Oprah could produce the show
11:19 LordAlfa: I am reversing at the stop 27.25. That should confirm an upside abc. else I'll play it down to 18.
11:20 LordAlfa: PITA!
11:21 LordAlfa: Here we go.
11:22 icepick: kool, on the one min chart, because the avg's are coming down on top of the bars, do you know how this would affect the cycles, in this case the recent cycle low - i.e. - depress the upside potential of that cycle low?
11:24 PT PM'd
11:24 icepick: ok - thks
11:28 VO: flat be
11:29 feng456: im still long here
11:29 LordAlfa: from where
11:30 feng456: 24.75
11:30 feng456: not the greatest entry
11:30 feng456: but it was before it went down
11:38 LordAlfa: L 27.25
11:39 LordAlfa: -2.75
11:40 Robin: http://206.71.64.13:12001/graphics/fri/Robin187 3-2115.png
11:41 prestwickdrive: dva 23-28.25, dpoc 27.0
11:42 Vast524: Going to have a sleep for a few hours. This is too dead.
11:42 PT: sleep well Vast
11:42 Vast524: I'll have a midnight nap and PT can have his Mid day snooze
11:43 PT: lol
11:48 koolblue: selling 829.25
11:51 koolblue: changing sell to 829.50
11:55 LordAlfa: 29.50 and rev
11:56 koolblue: short one from 829.50
11:58 LordAlfa: 1 min down proj 27.25
12:01 Robin: bernanke speaks at 12:00 est
12:02 feng456: still in that long...
12:04 koolblue: stopped at 830.00 loss of 0.5 ..up 3.75
12:12 LordAlfa: flat
12:13 LordAlfa: -1.5
12:14 PashaLV: S@30.50
12:15 PashaLV: trying 28
12:15 feng456: im out
12:15 feng456: 6 pts
12:16 PashaLV: stopped
12:17 koolblue: selling
12:17 LordAlfa: S 32.50
12:18 gila: gs up 1%
12:19 gila: goog talk buying twitter
12:19 koolblue: short a couple from 832.50...
12:21 LordAlfa: If we use a 2 bar proj, 34 on the 15 min
12:21 LordAlfa: stop at above that
12:23 LordAlfa: Noo. Google buy Twitter? I think this cyberspace is too much Google
12:23 koolblue: covering 830.75
12:24 koolblue: plus 1.75 on both...now up 7.25 on the day
12:25 LordAlfa: Our 18 proj is still valid
12:29 bruce9432: FWIW per the fib settings posted yesterday http://screencast.com/t/GKEr1698vvT
12:30 LordAlfa: bruce Jing keeps crashing my video.
12:33 VO: s @ 32.25
12:33 LordAlfa: And if it hits 34, VO will join in because a BIG ABC will be made. 50% retrace from 44.50
12:34 LordAlfa: 50% ret is 33.75
12:40 palmer: I guess 835.75 next
12:40 palmer: then VAH
12:43 koolblue: selling 833.00
12:44 koolblue: one only this time
12:45 VO: 60m = 36
12:47 gila: wonder if vix breaks 40
12:48 gila: gs over 16 highest in months
12:49 palmer: 831.5 short
12:49 palmer: looking for 830
12:50 koolblue: order cancelled
12:50 icepick: all I know is I want 29.50 so ican exit
12:50 palmer: my order was 832.75 and they 1 tick me
12:50 palmer: chased at 31.50
12:51 palmer: out +1.50
12:52 PashaLV: L@ 29.50
12:52 VO: 1 @ 30.25
12:52 VO: stop be
12:53 palmer: looks like back to 826
12:57 LordAlfa: Bernanke Printing Press
12:57 LordAlfa: Specialty printing Greenbacks
13:00 koolblue: CHART POSTED...PRIVATE
13:00 VO: flat 29.75
13:00 koolblue: room
13:03 VO: l 1 @ 30.25
13:05 karen: up
13:06 palmer: just when fund buy
13:06 palmer: that's when they put cash in
13:06 PashaLV: flat 31.25
13:09 palmer: Kool has a time machine - he already lived thru these days and come back and act like a genius
13:10 palmer: lol
13:10 palmer: right Kool
13:11 LordAlfa: 15 min down proj 22.25
13:12 VO: flat
13:12 LordAlfa: outstanding from the top, entire move 04.50
13:13 LordAlfa: 261.8=21.25
13:13 LordAlfa: Still short here.
13:14 LordAlfa: 610
13:14 LordAlfa: Most ABC guys using VO's 610T
13:14 LordAlfa: I use the 233T for scalping
13:15 LordAlfa: Bingo
13:15 LordAlfa: 28.50
13:16 LordAlfa: sell signal on 5 min MACD Hist
13:18 einstein: I have 1 min at 30.50
13:18 LordAlfa: The time cycles are harder for me. Margie is the cycle deadly.
13:18 LordAlfa: Her bi-cycle is faster.
13:22 Margie: lol
13:26 einstein: 1 min and 15 min projectin down is around 827
13:27 LordAlfa: This weekend. I am going to be a crazy nut. With so many spare LCDs from customers recently. I think I will mount 2x 19" (4x3) LCD in assition to my 3x 24".
13:27 LordAlfa: addition
13:27 palmer: sweet LA post a pic
13:27 LordAlfa: So I have 5 monitors
13:28 palmer: when it is done- I like to see set ups
13:28 palmer: I am an electronic freak
13:28 LordAlfa: mounting is the issue. I need to shop for the a few wall mount vesa brackets
13:28 palmer: trying to build a time machine like Kools
13:28 palmer: so I can go back and play the market accurately
13:29 LordAlfa: I think Kools has a Flux Capacitor
13:29 palmer: yep I can't seem to get one
13:29 palmer: :)
13:29 palmer: they said they sold out from back to the future 3
13:38 LordAlfa: elliot
13:39 PashaLV: S@ 31.25
13:40 Robin: here is the abc he's talking about
13:40 Robin: http://206.71.64.13:12001/graphics/fri/Robin187 3-2116.png
13:42 gila: I mon alcoa gs close to hod
13:42 VO: s @ 30.50
13:43 VO: ty
13:44 VO: stop 32.50
13:45 PashaLV: stop@ 31.75 target27.50
13:46 koolblue: selling 830
13:46 Robin: http://206.71.64.13:12001/graphics/fri/Robin187 3-2117.png
13:46 Robin: target 827.75
13:47 Robin: nope.. it's the pesavento pattern tool :)
13:47 Robin: just like to see the ratios :)
13:47 Robin: yep
13:47 Robin: yes
13:47 koolblue: short one from 830.00
13:50 bruce9432: that is some chart
13:50 Robin: http://206.71.64.13:12001/graphics/fri/Robin187 3-2118.png
13:50 Robin: I took away some of the fib ratios :)
13:50 Robin: not quite as busy :)
13:51 bruce9432: what is the ghost pattern?
13:51 Robin: that's the MACD histogram overlayed on the chart...
13:55 PashaLV: flat
13:56 LordAlfa: flat
13:56 VO: flat
13:56 LordAlfa: BE +1
13:56 Robin: http://206.71.64.13:12001/graphics/fri/Robin187 3-2119.png
13:56 Robin: Kool.. and VO... what about this possibility?
13:57 koolblue: stopped out at 831.75...loss of 1.75...now up 5.5 on the day
13:59 Robin: thanks kool...
14:04 icepick: there's a cycle high right here too
14:04 VO: s @ 33.50
14:06 koolblue: selling one at 833.75
14:06 gila: skf all time lo
14:07 einstein: have a great weekend everyone
14:08 VO: 1 @ 32
14:10 koolblue: now trying for 833.50 to sell one
14:13 VO: flat 32
14:18 VO: big tick div
14:18 icepick: I have to wonder if they are trying to get the Dow over 8k, and pull everybody w/it - kicking and screaming if necessary
14:22 John: GS another new HOD
14:29 kenga: out 835.75
14:32 Robin: might be heading here...
14:37 Vast524: ty max
14:38 Vast524: Is that Bingo Kool?
14:38 Robin: yep
14:39 Vast524: 838 was a number you mentioned earlier in the day. Or was it 842? Sorry. Brain a bit fuzzy
14:41 koolblue: selling...929.00...2.5 stop
14:47 LordAlfa: waiting for 29.25
14:47 Vast524: I got a bit on the 834 retrace,
14:47 koolblue: long one at 836.25
14:47 Vast524: But nothing here. Still waiting.
14:48 LordAlfa: VO's most hated
14:51 LordAlfa: jing crashes my ATI cards.
14:52 Vast524: If you press: Alt+Print Screen it will only copy the active window and leave out the rest. Just a tip. Thanks for the chart though
14:53 VO: l 1 @ 34
14:56 Vast524: Market seems very xlow today
14:56 Vast524: sorry, slow
14:57 Vast524: Thanks. I always get up, but the market movement has been slow and doughy. What new. I get blamed for everything. I 've got big shoulders.
14:57 koolblue: tried long at 836.25, stopped at 835.25...loss of one ,trying to buy 833.75
14:58 karen: prestwick...what are our developing value areas?
14:59 prestwickdrive: 25.25-33.25
14:59 karen: thks!
15:00 VO: flat 35
15:05 koolblue: order cancelled...watching
15:06 VO: s @ 35
15:06 VO: stop 37
15:06 Vast524: Short as well
15:07 Vast524: 32.25 first target
15:07 Vast524: BE
15:08 VO: stop be
15:08 koolblue: trying a buy at 832.50
15:08 LordAlfa: 15 min 32
15:09 Vast524: It is VO's fill on his sell that I have to worry about. lol
15:09 LordAlfa: buying 32
15:10 Vast524: 1 @32.50
15:10 Vast524: I sold you mine Kool
15:10 VO: 1 @ 32.25
15:10 Robin: bravo VO :)
15:10 LordAlfa: L 32
15:10 Robin: and vast!
15:10 Vast524: Still got 1
15:11 Vast524: Sell this pig. Bigs are selling
15:12 VO: flat 32.25
15:13 Robin: http://206.71.64.13:12001/graphics/fri/Robin187 3-2121.png
15:14 Robin: here's the completed abcd
15:14 LordAlfa: 26.25
15:14 Vast524: 826.50
15:14 Robin: we've hit the 1.120
15:14 palmer: that 832 was a project buy????
15:15 Vast524: Thanks for explaining that VO.
15:15 palmer: opps
15:15 LordAlfa: 15 min single bar
15:16 LordAlfa: flat BE +1
15:16 LordAlfa: -.50
15:18 Vast524: flat
15:18 Vast524: 31.50
15:18 Vast524: TY
15:18 Robin: we also have a larger abcd on the 15 min.. will post
15:18 Vast524: That got me up for the day
15:19 Robin: http://206.71.64.13:12001/graphics/fri/Robin187 3-2122.png
15:19 LordAlfa: Thanks robin.
15:19 LordAlfa: On the 15 min, downside whole initial move 804.50
15:22 Robin: yep :)
15:24 VO: l @ 31.50
15:25 koolblue: raising stop to 830.25
15:27 VO: 1 @ 33
15:27 LordAlfa: I have 5 up projection whole move 23 - 31 gives 44
15:28 Vast524: Max, not sure what you mean about 3:25
15:29 Vast524: OK. Just was wondering what Max was mentioning
15:30 VO: stop be
15:30 PashaLV: s@33.50
15:30 koolblue: off one at 833.25
15:31 VO: flat
15:31 VO: s @ 31
15:31 koolblue: stopped at 831
15:32 PashaLV: will try 29
15:34 koolblue: long again at 832.00..one this time
15:40 VO: 1 @ 29.50
15:40 karen: thks everyone for a good week...have a great weekend and c u all Monday...thks again for all your insight, much appreciated!!
15:40 VO: stop be
15:42 koolblue: out at 830.25
15:42 VO: flat
15:44 LordAlfa: +3
15:45 bruce9432: I
15:45 bruce9432: I've been installing a shower rail
15:45 icepick: all depends right here
15:45 koolblue PM'd
15:46 icepick: whew - just got out 32.75 +1 big one
15:46 icepick: ohhhh man
15:48 icepick: + about 5 on the day for me
15:48 Robin: I remember that :)
15:48 LordAlfa: 28.75
15:50 LordAlfa: selling 37
15:50 LordAlfa: 37.25 to be exact. 1 tick to get filled
15:52 koolblue: long one from the boll avg at 832.75
15:54 kenga: 9 to close
15:54 koolblue: covering 836to be safe
15:58 koolblue: covered 835.75...plus 3 there
15:59 Vast524: That's why Obama is in. Already had x2 bush in the house
15:59 Vast524: Sorry. Sick humour.
15:59 koolblue: finishing the day up5.25 and done for the week
16:00 gila: 119 gs
16:01 LordAlfa: S 37
16:01 LordAlfa: I jumped out too early
16:02 LordAlfa: stopped
16:03 PashaLV: See you, guys! have a great weekend!
16:03 VO: 127.2 = 40.50
16:04 TraderX: Kool, where was the chart you posted today showing the 15min deadly.. is that under Kool's Tools?
16:05 feng456: finally
16:05 feng456: a winning day
16:06 feng456: its only been a month
16:06 feng456: ..
16:06 VO: 161.8 = 43.75
16:08 TraderX: ok,,
16:10 prestwickdrive: tick +1140 now
16:12 icepick: have a good weekend kool, everybody
17:07 John: VO, can you explain how you trigger an abc once it retraces at least the 50%?
17:10 John: Okay, great.
17:11 John: Just to be sure I have it, can you give me one example from today, and the entry?
17:14 John: No.
17:14 John: Yes.
17:15 John: Is it in there, what I'm asking?
17:15 John: Okay, let me check that out, then.
17:15 John: Thanks.
17:16 John: Yes, I can find it.
17:16 John: Haven't seen him in here for a while.
17:16 John: JohnSmith
17:17 John: I haven't posted in there.
17:17 John: Yes, I saw him a lot when I forst came in here.
17:17 John: first
17:20 John: .707 is reciprocal of 1.414
17:23 John: I asked the other day, VO, but you miseed it I think, how many years did you put in before the 8 years as a living, if you don't mind my asking?
17:24 John: Last question, I promise.
17:31 VO: I have been involved in the market as an investor ect. ect. since 93
17:47 John: Thanks, VO. Just wanted to get an idea how long before you did it full time
Monday, April 6th

08:13 palmer: lgood mornning folks
08:15 LordAlfa: hi palmer
08:15 LordAlfa: going to be weak opening.
08:18 VO: l @ 34
08:19 LordAlfa: 1 ticked. have an order sitting at 33.
08:20 VO: will add 31.25
08:21 LordAlfa: I have 1 min proj to 32.50, 32.75 and lastly 29 if 36.25 is not taken out.
08:25 palmer: will buy 831.75
08:25 palmer: 1 tick so far
08:25 LordAlfa: 60 min down proj 24.50
08:27 LordAlfa: robin you mic is on.
08:27 LordAlfa: Buzzing
08:29 palmer: long 831.75
08:33 LordAlfa: abc off the top, 261.8=823.25, 60 min down proj, 824.50
08:36 LordAlfa: 1 min up proj 834
08:36 LordAlfa: sold 47 but did,'t make it run.
08:37 LordAlfa: 34 negated
08:38 LordAlfa: last 1 min bar, 29.50
08:38 LordAlfa: buying 29.25
08:51 You have a PM from PT
08:52 LordAlfa: canceled order
08:54 palmer: out b/e
09:18 palmer: 828 is VAL
09:19 kenga: im trying long off 827.50
09:19 kenga: s1 pivot
09:22 PashaLV: Good morning everyone
09:23 LordAlfa: gm
09:31 megatron1981: morning all
09:33 megatron1981: short @ 30.00
09:36 megatron1981: cover @ 27.75 for 2.25
09:37 prestwickdrive: nice trade
09:38 megatron1981: might enter again @ 30...nah
09:38 megatron1981: actaully, yes s again @ 30, well trying
09:40 megatron1981: no fill :( oh well, looking to short around 29,50 area
09:41 kenga: a ton of res at 835-836 area
09:41 palmer: feels like no mans land here
09:49 palmer: if we get down to that lower band on the 15
09:49 palmer: I am buying 818.75
09:50 Robin: http://206.71.64.13:12001/graphics/mon/Robin187 3-2123.png
09:50 Robin: http://206.71.64.13:12001/graphics/mon/Robin187 3-2124.png
09:51 Robin: just testing...
09:51 Robin: morning everyone :)
09:51 megatron1981: trying to short @ 28.25
09:52 bruce9432: How do you post charts?
09:53 einstein: 5min projection to 19.50
09:54 gila1: f up almost 20%
09:56 LordAlfa: 15 min whole move 44.25 to 30.25 = 07.50
09:58 megatron1981: trying to short @ 27.75
09:58 palmer: bounced off that 825 which was resistance last week
09:59 Robin: http://206.71.64.13:12001/graphics/mon/Robin187 3-2125.png
10:00 megatron1981: filled
10:02 PDQ: 830.25 is the upside 5 minute projection............
10:03 LordAlfa: yes
10:03 LordAlfa: 1 min as well
10:03 LordAlfa: If 25 is not touched
10:04 LordAlfa: current down proj 25.75
10:04 LordAlfa: 1 min
10:04 palmer: 830.25 is 15 min too
10:04 palmer: opps sorry
10:04 LordAlfa: 25.75 negated
10:06 palmer: what is the daily pivot?
10:07 PDQ: ...looks like the 15 minute projection is 833.50...........
10:08 kenga: take 3 here 29.50
10:08 kenga: 3left
10:08 kenga: I went long 27.50 s1pivot
10:08 PDQ: The 5 minute was just met and exceeded, so good odds that the 15 minute will be hit....
10:11 megatron1981: stopped at 31, down 1 for day
10:17 megatron1981: b @ 28.25
10:18 palmer: short27.50
10:18 palmer: 30 stop
10:21 palmer: feel like another crazy day
10:23 palmer: stop now 29
10:24 kenga: 820 could be next stop
10:24 prestwickdrive: 20.5 15 min now off 31.5
10:24 LordAlfa: 15 min proj downat 21.25 and 20.25
10:25 palmer: LA can you use that candle as a downward project?
10:25 palmer: it was positive candle
10:26 LordAlfa: 0900 and 0915 2 bar
10:26 LordAlfa: 1015 single bar
10:27 palmer: that 10:15 candle is positive
10:27 palmer: how u get downward
10:27 PDQ: 825.75 was the 1 minute downside projection.....and also the 88.6% retrace level of the last upswing on the 1 minute chart....also just hit the lower Keltner Channel....
10:27 LordAlfa: take that as a cycle hig to low
10:28 PashaLV: L@ 27.50
10:28 VO: l @ 27.25
10:28 palmer: s/o -1
10:29 LordAlfa: L 28.25
10:29 PashaLV: flat@28.50
10:29 bruce9432: Anyone talking on Mumble?, have it on, but not heard anything
10:29 megatron1981: sold @28.25 for b/e
10:30 LordAlfa: flat
10:30 LordAlfa: stopped
10:30 VO: flat
10:33 PashaLV: friday low=22.75
10:33 palmer: can't believe they shaked me out
10:35 kenga: looks like 820 isnext
10:35 PDQ: The boyz do not want anyone in on their game today....:-)
10:36 LordAlfa: 24.50 60 min proj whole move
10:36 kenga: today seems like a replay of Friday action
10:36 kenga: huge sell off begin of day..then rally at close
10:37 LordAlfa: taking a chance here, L24.50 stop 23.25
10:40 JackS65: I just posted an AdvGet chart 5 min
10:41 LordAlfa: Kool posted the same number 24.50
10:42 prestwickdrive: ty Jack
10:44 kenga: looks like a rounded bottom on 512tic
10:44 LordAlfa: 1 min up prok 26.75
10:48 VO: s @ 24.50
10:49 VO: flat
10:50 LordAlfa: fill me at 27
10:50 LordAlfa: c'mon
10:51 LordAlfa: stop 24 to reduce risk
10:52 LordAlfa: no fill!! What da!!!
10:52 LordAlfa: I'll fight. 0.5 stop and 2 contracts
10:54 LordAlfa: Boooring! After that massive sell off, this is all you can do PIG?
10:54 LordAlfa: Buy this PIG!
10:54 LordAlfa: 15 min up proj, 30.75
10:55 LordAlfa: Give me 27 PIG!
10:55 LordAlfa: Non negotiable PIG!
10:59 PashaLV: S@25.25
11:00 LordAlfa: No fill!! 4 hits and no fill.
11:00 LordAlfa: Buy this PIG!!!
11:02 LordAlfa: stop BE+1 losing faith in this PIG
11:02 LordAlfa: flat!
11:04 LordAlfa: I hate you PIG! 4 hits and no fill
11:04 palmer: I saw that LA
11:05 palmer: u must have been last in the line
11:05 LordAlfa: Damned PIG
11:05 LordAlfa: Don't tell me, anoth double bottom again?
11:06 PashaLV: flat@ 23.75
11:07 LordAlfa: palmer. should have placed my target at 26.50 But that was only 1 contract, I had 2.
11:07 LordAlfa: It was a very good entry
11:08 prestwickdrive: good confluence with -50% ib to 20.25 and 15 min proj to 20.5 area
11:08 LordAlfa: the r/r ratio was very good while it lasted.
11:08 palmer: yep
11:12 LordAlfa: Almost like a trend day down if this continues to 07.50
11:23 gila1: open gaps higher and lower
11:39 prestwickdrive: GE is positive
11:39 LordAlfa: S 25.25
11:44 LordAlfa: stop 26
11:45 LordAlfa: stop 24.25
11:53 LordAlfa: 1 min down proj. 1 bar 20.50, 2 bat 18.50
11:54 LordAlfa: stoopid pig
11:54 LordAlfa: stop 23
11:57 LordAlfa: flat 20.75
11:57 LordAlfa: 1 min proj, bingo
11:58 PashaLV: n
11:58 PashaLV: nice trade, LA !
11:58 LordAlfa: About time. -1.75.
11:59 LordAlfa: I think 18.50 is the next bounce and could be significant
11:59 prestwickdrive: beauty LA
12:00 LordAlfa: I had no fill again for 25.75. Stoopid pig! I have to make a sell market order.
12:02 LordAlfa: could be 6 waves or 7 waves on the 1 min
12:06 bruce9432: t
12:09 LordAlfa: L 22
12:10 LordAlfa: stop 20.50
12:14 LordAlfa: 1 min up proj, whole initial move 24.75
12:14 LordAlfa: last swing 2 bar 24
12:20 LordAlfa: Stoopid pig. flat 20.50
12:21 LordAlfa: -4.75
12:26 VO: bidding 18.25
12:40 palmer: biddin 18.25 too
12:41 LordAlfa: L 18.75
12:43 feng456: hey guys is friday holiday?
12:44 palmer: yep
12:44 feng456: monday too?
12:44 palmer: I think just friday
12:44 feng456: ok thanks
12:44 feng456: im lookin for short entry
12:46 LordAlfa: 1 off 20.75
12:46 LordAlfa: stop 18.50
12:47 LordAlfa: -2.75.
12:47 palmer: LA waiting all morning for that 818.5 amnd got missed
12:47 palmer: rrrrrrrrrrrrg
12:47 palmer: cancell order
12:49 LordAlfa: Now PIG give me a retrace for targets.
12:50 LordAlfa: Now I blame Kools avg.
12:52 LordAlfa: 20 is the Bol avg and stops it. I hope. 50% retrace from the low
12:52 feng456: do people make stock certificates anymore or is that a thing of the past?
12:53 LordAlfa: I think you need to pay extra for it. else it is just a statement from your broker
12:53 feng456: I wanna give one as a present so ya
12:54 feng456: here's one share of GM for your birthday....and it's worthless
12:54 LordAlfa: LOL!!
12:55 LordAlfa: 15, 30, 60 min indicates oversold. 15 min since 0745. When is this going to go up?
12:56 feng456: I still see sustained downward momentum
12:57 LordAlfa: 5 min up proj, 24.75. 2 bar
12:57 feng456: short 21.5
12:57 LordAlfa: stop 19.75
12:59 LordAlfa: higher high on 610T
13:00 LordAlfa: broke PT's avg, which is good. Just hope that it stops it there.
13:00 palmer: man casn't believe I got 1 ticked after waiting all day
13:00 feng456: I think it will
13:00 bruce9432: Friday's LOD 22.75
13:01 feng456: no kb today?
13:02 LordAlfa: palmer, after learning my lessons of 1 tick, I have decided to advance my order by 1 tick from projection. And even that, takes like forever to get filled.
13:02 feng456: damn it im gonna get stopped
13:02 palmer: well I really had 18.25 and changed to .5 and no fill
13:02 feng456: stopped
13:03 LordAlfa: stop 21.25
13:04 LordAlfa: the stop is below PT's avg
13:04 LordAlfa: whoa! I don't like thet last bar
13:05 LordAlfa: Buy this PIG!
13:06 LordAlfa: Bol avg and PT avg at 21.75
13:06 LordAlfa: laat 1 min single bar proj is 21.25, where my stop is.
13:07 LordAlfa: stop 21.75
13:08 LordAlfa: @#$%&^%$$# BUY THIS PIG!!!
13:08 feng456: I shorted again
13:11 PashaLV: on 60 min. 100SMA = 820
13:12 PDQ: ....1 minute Grail Buy here................
13:16 PDQ: ....1 more tick to get minimum objective....
13:17 PDQ: minimum objective hit.....
13:18 palmer: well no attempt of a gap fill let me believe we have lower prices later on
13:19 LordAlfa: No balls. stop 22.25
13:19 LordAlfa: flat
13:19 LordAlfa: +1
13:19 LordAlfa: When they can't break that double top, it is weakness.
13:22 palmer: l 23.25
13:24 PDQ: ...Looks like we just completed an "Elliot" 4th wave and looking for just a bit more to the upside here..........
13:25 LordAlfa: 15 min proj 24.75
13:27 LordAlfa: last 1 min proj 24.75
13:28 LordAlfa: negated
13:29 VO: l 22
13:30 VO: stop 20.50
13:31 palmer: -2
13:33 bruce9432: appears to be "trapped" in a channel http://screencast.com/t/A1ti5g76
13:35 LordAlfa: Nice bruce. I noticed it on the 610T when it cannot break the 25.50 level.
13:37 gila1: is no one speaking today
13:38 prestwickdrive: nothing much to say
13:41 PDQ: ......There is now a 5 minute "Buy Anti" or A-B-C if you prefer.....
13:42 VO: l 21.50
13:42 VO: stop 19.75
13:43 PDQ: ...Equal swings is the minimum objective, which gives about 825.75 target................
13:44 prestwickdrive: what negates it PDQ? break of 20?
13:45 PDQ: ...a break of the 818.75 low....stop should be just below this level.....
13:45 prestwickdrive: ok ty
13:46 PDQ: This is pretty much the same as VO's A-B-C setup I think.....except it requires the last upswing to be greater than the last downswing (5 minute chrt).....
13:47 prestwickdrive: nice call
13:47 PDQ: Thanks Prestwick...
13:48 VO: fwiw we have finished 5 down
13:48 VO: ending diagonal
13:49 VO: this will be 2 up or c
13:49 PT: great trade VO
13:49 VO: 1 @ 25.50
13:50 VO: stop be
13:50 PDQ: Minimum obective has been met for the "Anti"........
13:51 VO: 78.6 retrace means we more than likely see 27.25
13:51 PDQ: ...Rasche's room must be trading this set-up right now............:-)
13:51 prestwickdrive: rimm and aapl on fire
13:52 PDQ: Yep, I agree VO....a little more upside here.............
13:52 VO: earlier I meant 3 up not 2
13:53 PDQ: Well, time for me to go........Good Luck all!
13:53 VO: either 3 or c
13:55 VO: 127.2 = 27.25...161.8 = 29.25
14:13 VO: 1 @ 24.25...stop on last 22.50
14:26 palmer: murderous chop
14:26 palmer: liek a 10 point range today
14:26 PT: 26.50
14:26 LordAlfa: No fill for 25. Sitting here again like a fool
14:27 LordAlfa: Now I get it
14:32 VO: flat
14:33 LordAlfa: stop 25
14:35 VO: selling a failure
14:39 palmer: VO you see this range today
14:39 palmer: like a globex
14:42 kenga: looks like we could get back to 835 today
14:42 LordAlfa: stop 24
14:43 LordAlfa: flat
14:43 LordAlfa: 2.5
14:44 LordAlfa: nett Zero. What a day.
14:45 LordAlfa: S 23.25
14:45 VO: s @ 23.25
14:46 VO: stop 24.75
14:48 LordAlfa: saw saw saw.
14:48 VO: I took 1 @ 23...leaving just 1
14:49 LordAlfa: stopped
14:49 LordAlfa: -1
14:49 VO: flat
14:52 LordAlfa: S 27.50
14:54 LordAlfa: flat BE +1
14:56 kenga: s1 held guys..so we should get back to pp
14:56 kenga: im still trying to hold the s1 long
14:56 kenga: on a runner of course
14:57 kenga: sorry I mean s1mid point
15:01 kenga: s1 hold us back for now
15:01 kenga: 50% on fibs as well
15:01 kenga: 10min chart
15:06 VO: l @ 26.50
15:06 VO: stop 24.75
15:07 VO: if they break lower watch the 23 area
15:11 prestwickdrive: bigs buying on every pull back. not a lot but steady, fwiw
15:11 Vast524: greetings all from the back of a car in the middle of the bush
15:11 LordAlfa: trend day down.
15:12 icepick: catching us a kangaroo, Vast ???
15:12 Vast524: No family holiday. Rained last night. Gotta love tenting in the rainLOL
15:13 LordAlfa: L 24.25
15:13 Vast524: Can someone say something. I just want to check mumble
15:14 LordAlfa: How is that Vast
15:15 Vast524: ty
15:15 Vast524: just using the laptop this week
15:16 icepick: Hope you have plenty of Fosters out there with you
15:16 Vast524: Couldn'y fit the desktop and the 3 monitors in the car or tghe tent. LA
15:16 LordAlfa: I drive a Vito. 2.2L Diesel. 200AH alternator.
15:17 LordAlfa: flat 26.25
15:17 LordAlfa: +5.25
15:17 LordAlfa: nett
15:18 PashaLV: good job, LA
15:18 LordAlfa: Took 3 contracts So +6 on that last trade
15:19 LordAlfa: Vast. I have a mini-ITX in the bus. going to get 3 bar rack and a big basket
15:20 LordAlfa: 15 min proj from the bottom, 3 bar whole move 33.75, 1445 single bar 33.50
15:21 kenga: still trying to hold the runner
15:21 LordAlfa: 5 min, 7 waves up
15:21 kenga: 835 trgt
15:22 LordAlfa: 29.25=161.8 off the abc at the bottom
15:22 kenga: thank you
15:23 palmer: shorted 29.25
15:23 palmer: 32 stop
15:24 bruce9432: ALCOA Inc Earnings Conference Call (Q1 2009)
Scheduled to start Tue, Apr 7, 2009, 5:00 pm Eastern (earning season starts)
15:25 palmer: out 27.75
15:25 palmer: +1.5
15:29 LordAlfa: L 26
15:30 LordAlfa: stop 24.75
15:31 LordAlfa: flat
15:31 LordAlfa: +7.25
15:33 kenga: sweet La
15:34 LordAlfa: I didn't have a standing order. Got sick of it. So I timed the market order and click.
15:34 LordAlfa: 29.50 was the proj up
15:43 VO: s @ 28.25
15:43 VO: stop high
15:44 LordAlfa: 1 min up proj 30.75
15:48 LordAlfa: We have triangle here
15:50 LordAlfa: L 29
15:50 LordAlfa: flat 31
15:50 LordAlfa: +9.25
15:53 LordAlfa: He is our Volume tracker
15:55 LordAlfa: S 33.25
15:56 gila1: hi ticks
15:56 LordAlfa: tight stop
15:56 LordAlfa: 1 pt
15:56 VO: s @ 33.50 will add up
15:56 LordAlfa: 15 min proj 33.75
15:57 gila1: vixlod
15:57 LordAlfa: stop 34.25
15:58 LordAlfa: flat
15:58 LordAlfa: +11.25
15:59 VO: couple @ 31.50...leaving a runner
15:59 prestwickdrive: great trades
16:00 LordAlfa: thanks.
16:00 LordAlfa: down proj 27.50 on 1 min
16:00 VO: stop be
16:01 kenga: how did everyone do today?
16:01 LordAlfa: Like **** at open. But now positive at close
16:02 LordAlfa: Didn't like it that I executed 2 trades
16:02 LordAlfa: 22 trades
16:02 LordAlfa: efficiency is down. one of my KPIs
16:02 kenga: yeah im off and on sometimes with open..last 2 trading days..i have lost had to make it back..so today I waited for clear trend and just went heavy on the sure fire moves..
16:03 kenga: traded 30 contracts 6 contracts -5times..
16:04 LordAlfa: Self imposed performance indicators. I'd like to ride the wave but looks difficult today. I am slapping myself silly for not keeping that 47 short that I had.
16:05 LordAlfa: Woke up this morning at 0655 (+8 GMT) and sold 47
16:05 kenga: I know brother..i had 837 short..only took 4pts
16:05 LordAlfa: 1830 EST.
16:06 kenga: seems like premarket rules seem to follow better..and OPEN they get squirly..market is adjusting..then usually reverses..but didnt happen today
16:07 LordAlfa: Looking at the cycles. This should peak at 1930 +/- 15 min
16:08 LordAlfa: Look at the 15 min chart. you can make a nice bowl.
16:09 kenga: cup handle maybe back up
16:14 LordAlfa: Goodnight traders. Time for me to get a morning nap for 5 hours. see you tomorrow.
Tues. April 7th

07:55 gila1: good morning
07:55 gila1: below last weeks open gap
08:17 PT: another 30 point globex session
08:19 jimmy: gm all
08:23 You have a PM from PT
08:24 palmer: 30 point globex and a 12 point regular
08:24 palmer: lol
08:33 palmer: larry newletter is free??
08:52 kenga: bear flag on 512
08:59 akola: its look like h&S pattern on 30 min chart
08:59 akola: with next target of 805 if it breaks 813.50
09:09 kenga: 803 is s2
09:09 kenga: so its possible
09:12 akola: right now on 5 min chart its like IH&S pattern but not sure
09:25 Robin:
09:26 Robin:
09:30 gila1: overnight range bigger than yes day seesion
09:30 PashaLV: Good morning all
09:30 megatron1981: mornig everone
09:31 VO: s @17
09:32 VO: 1 @ 15.50
09:32 VO: stop be
09:33 palmer: long 817
09:33 palmer: 815 stop
09:34 palmer: s/o
09:36 VO: l @ 14.75
09:39 VO: stop 13.25
09:39 VO: make that 13
09:43 koolblue: watching for 2 numbers ...810.50...1 min projection and 808.00 from the 5 min chart
09:46 VO: flat
09:46 koolblue: selling one at 814.25
09:47 koolblue: short one from 814.25
09:47 LordAlfa: Good morning
09:48 palmer: but Kool you have a mini lo here
09:49 palmer: yep
09:49 gila1: I was hoping wed se your 54
09:50 palmer: gila u crackling up
09:50 VO: s @ 14.50
09:57 LordAlfa: S 16
09:57 prestwickdrive: Gila - I thought I heard you talk about upside unfilled gaps. I have 840.5 and 30.5. Do you have others? Downside I had 816 which we fillecd today plus 809.25, 784.25 and 764.
09:57 LordAlfa: up proj 16.25 from bottom
09:57 LordAlfa: stop 16.25
09:58 LordAlfa: sorry 16.50
09:59 LordAlfa: down proj 13.75
09:59 megatron1981: s @ 15.50
10:00 megatron1981: stop @ 17
10:02 LordAlfa: Bailed. don't like it.
10:03 LordAlfa: +.5
10:04 megatron1981: cover @ 14 for 1.5
10:06 VO: 1 @ 13.25
10:06 LordAlfa: L 14
10:06 VO: flat 14
10:10 LordAlfa: stop 12.75
10:11 koolblue: still short from 814.25..all the resistance is from 814.50-815.75
10:14 LordAlfa: 15 min up proj 22.75
10:15 prestwickdrive: I have 1 bar 15 min up to 18.75 off of 12.25 low
10:16 prestwickdrive: oops - I see my mistake
10:16 LordAlfa: 1 off 16.25
10:16 LordAlfa: stop BE +1
10:16 koolblue: stopped at 816.25...loss of 2 handles
10:18 LordAlfa: hope the bol avg holds it. down proj 14
10:19 VO: s @ 14.75
10:20 VO: stop 16.75
10:21 koolblue: short one from 816.00
10:21 LordAlfa: stop 14.25
10:23 VO: flat
10:26 LordAlfa: flat 16.75
10:27 LordAlfa: 3.5 Nett +5.75
10:27 LordAlfa: 7th wave up
10:29 mrg22: big divergence on the trins
10:30 LordAlfa: S 18
10:30 koolblue: stopped at 818.00...loss of 2 ...
10:30 LordAlfa: Stop 19
10:31 koolblue: down 4 on the day
10:31 LordAlfa: stopped
10:32 VO: @ 19.75
10:36 LordAlfa: I have 1 min projections to 21 - 22.75
10:40 koolblue: selling 21.75
10:43 VO: will take 1 @ 18.50
10:44 LordAlfa: 1 min single bar proj, 19. 2 bar 17
10:45 VO: should have nother wave up
10:46 koolblue: changing sell to 22.25
10:46 LordAlfa: 1 min 1 bar proj up 21.50
10:47 koolblue: short from 22.25
10:48 koolblue: covered one at 821.25...plus one
10:49 LordAlfa: 1 ticked me. order at 22.50
10:50 koolblue: 2 point stop
10:50 koolblue: down 3 on the day
10:53 koolblue: out the other at 820.50..plus 1.75 there
10:53 koolblue: 'down 1.25 now
10:53 koolblue: watching
10:57 LordAlfa: S 20.50
10:57 LordAlfa: stop 21.75
10:58 LordAlfa: See ya
10:59 LordAlfa: 5 min down proj 16.25
11:00 LordAlfa: 15 min down proj 14.50
11:01 LordAlfa: 1 min down proj in seq 18.25 and 17.50
11:01 VO: flat 19
11:03 LordAlfa: 1 min up proj 21.25, bol avg 20.38
11:04 LordAlfa: bingo on 1 min proj up
11:04 VO: s @ 21
11:06 LordAlfa: Good call VO. If I weren't in a trade now, I would have sold this better price.
11:07 LordAlfa: 18.25 still valid. 17.50 negated
11:08 VO: 18, 17, 16.50
11:08 VO: not 16.50 15.75
11:08 VO: stop be
11:08 LordAlfa: my targets are 17.75, 15.50
11:10 megatron1981: b @19
11:13 LordAlfa: stop 20.25
11:15 megatron1981: stopped @ 18.50
11:15 VO: 1 @ 18.25
11:15 koolblue: covered 818.25
11:16 koolblue: plus 1.25 and b.e. on the day !!!!!11
11:16 LordAlfa: stop 20
11:16 VO: stop 20.50
11:18 LordAlfa: VO, great r/r
11:20 LordAlfa: mashing around the avgs
11:21 bruce9432: Yesterday's low=flypaper
11:22 LordAlfa: Don't like it. bailed. +2
11:22 LordAlfa: +6.25
11:22 VO: flat
11:26 palmer: short 818.75
11:28 koolblue: long one at 818.75
11:32 koolblue: out at 820.25...1.5 there
11:33 palmer: POC=825.75
11:33 palmer: vah=828.75
11:40 koolblue: buying 816.50 for a scalp
11:43 palmer: cover 817
11:43 palmer: +1.75
11:43 LordAlfa: 14.50
11:46 koolblue: long one at 816.50...stop at 815.00
11:48 koolblue: exiting 818.00
11:53 koolblue: out at 817.50
11:55 koolblue: plus one there and now up 2.5 on the day
12:07 palmer: 14.50 is the deadly?
12:08 LordAlfa: 15
12:08 palmer: I was trying to understand what you said about getting it from the 5
12:08 palmer: that's why I asked to confirm
12:08 palmer: but I got it
12:08 LordAlfa: Or just get trigger happy and try buy market or buy bid
12:08 palmer: thanks
12:09 palmer: 818.25
12:09 palmer: yes
12:09 LordAlfa: if we take 2 bar, 12.50
12:09 palmer: yep that one candle
12:09 palmer: gotcha
12:10 LordAlfa: 11.75
12:10 LordAlfa: for 5 min
12:11 LordAlfa: 4 am EST to be exact
12:12 LordAlfa: If I have EUD account and the margin is not that big, I'll try FESX.
12:13 LordAlfa: projections work on FESX too +/- 2 ticks
12:14 gila1: gs 119.68
12:14 gila1: 113.57 gs lo
12:15 gila1: skf near lod
12:22 LordAlfa: We still made lower highs. This is still going south.
12:24 LordAlfa: 4th wave on 5 min, 2nd wave on 15 min
12:25 LordAlfa: 15 min 2nd wave up. 5 min 4th wave down
12:29 palmer: buying 815
12:32 LordAlfa: heh heh palmer. sitting at 15 like since genesis
12:34 palmer: you sitting there too LA
12:34 LordAlfa: yeah
12:34 palmer: :)
12:34 palmer: we alone at that bus stop
12:35 LordAlfa: it was at 14.75 but since 2 ticking since 22.75, I've raised it.
12:36 palmer: had that 15 min 22.75 and got missed too
12:36 palmer: 1 and 2 ticked since yesterday
12:37 LordAlfa: I was about to make that trigger sell bid but it ran away.
12:37 palmer: easter week seem to be always choppy
12:38 palmer: I will sell 20
12:38 palmer: too
12:38 LordAlfa: I think we will consider 20.75 up proj as met on 15 min.
12:40 LordAlfa: 1 min proj 16. 2 bar met
12:42 palmer: 14.50
12:42 LordAlfa: 5 min 15.25
12:43 LordAlfa: 15.25
12:46 LordAlfa: banging into kools and PTs avg
12:46 LordAlfa: 19.25
13:00 karen: does anyone use stochastics on a 15 min chart? If so, what settings do you like?
13:04 LordAlfa: karen 3.14.3
13:04 LordAlfa: Re you using Ninja?
13:05 LordAlfa: Get Stochastics overlay indicator
13:05 karen: yes LA
13:05 karen: k thks!!
13:05 LordAlfa: place bought and sold at 85 and 15
13:06 LordAlfa: PT was from professional before I think.
13:07 koolblue: OUT AT 816.50...PLUS 1.5...NOW UP 4
13:07 LordAlfa: 14.50, 15 min. 15.25, 5min
13:10 LordAlfa: You know what? All of us trading in this room is like some online gaming gang fragging some other team.
13:10 LordAlfa: Just want to pwn the other team.
13:10 LordAlfa: 15 hit
13:10 LordAlfa: L 15
13:10 palmer: no fuill for me yet
13:10 palmer: 815
13:10 koolblue: long from 815.00
13:10 palmer: geez
13:11 palmer: n ofill for me
13:12 palmer: LA give me one of your contracts - they didn't fill me
13:12 palmer: :)
13:12 LordAlfa: Only had one.
13:12 LordAlfa: up proj 18.25
13:13 LordAlfa: palmer. you might get your chance here again.
13:13 palmer: unbelievable
13:14 LordAlfa: Did you move your order?
13:14 palmer: nope
13:14 LordAlfa: between 14.75 and 15?
13:14 palmer: filled
13:15 LordAlfa: Help!!!!
13:15 mrg22: nas and dow break lod
13:16 VO: l @ 14.50
13:23 LordAlfa: flat. -2
13:23 koolblue: long one at 813.25
13:23 LordAlfa: +4.25
13:24 LordAlfa: Ain't that great. stopped me and went up.
13:28 parson: story of my life...:-(
13:28 LordAlfa: L 13.75, 1 pt stop.
13:29 koolblue: out at 814.00...plus 0.75...up 4.75 now
13:29 koolblue: watching
13:30 LordAlfa: flat
13:32 LordAlfa: +3.25
13:33 PashaLV: L@11.75
13:34 LordAlfa: 60 min proj down 806.50
13:41 PashaLV: target 14.25 stop 11
13:43 koolblue: short one from 813.00
13:45 koolblue: mini low due 1:49
13:48 PashaLV: flat
13:50 koolblue: out at 812.25...plus 0.75...watching
13:50 koolblue: up 5.5 and buying 810.25
13:59 LordAlfa: I am off to bed. Won't trade when I am tired. Mistakes will be made. See you tomorrow.
14:22 koolblue: 809.75-810.00 seems to be the target....at least initially
14:25 koolblue: mini low in 3 min'
14:26 prestwickdrive: bye
14:26 Hawk: cu kool
14:31 VO: s @ 12.50
14:32 VO: sstop 14
14:40 VO: 1 @ 11.25
14:45 VO: flat 11.25
15:01 VO: selling 15 for a scalp
15:02 PopStocks: hey dudes
15:04 karen: prestwick...do you have the developing va's?
15:04 karen: thks!!
15:04 karen: thks guys
15:09 VO: l 1 @ 14
15:13 gila1: vix lod aa after bell
15:14 kenga: vo cramer is a fraud isnt he?
15:30 VO: F THE ES!
15:33 PopStocks: Here is what I'm seeing: http://twitpic.com/2yuuv/full
15:36 karen: I listen to the sqwuak...the #1 local had just walked into the pit and then the big drop...he's know for shorting relentlessly
15:36 karen: know=known
15:36 VO: s @ 15.50
15:40 karen: don't want to cause confusion, but #1 is now BIDDING the market, unusual, but he is
15:40 karen: but he's not always right, just can cause some real chop
15:41 VO: flat
15:42 VO: LIKE I SAID F THE ES!!!
15:56 karen: alcoa earnings after close
15:56 karen: I didn't think so either, but our friends at CNBC keep going on and on about it
15:56 karen: nice short guys
15:56 bruce9432: It's the first corp to report for the quarter
15:57 bruce9432: If AA is bad then they feel that all will be bad
15:57 palmer: something leaked as usual
15:57 palmer: on AA earnings
15:58 John: VIX barely moving.
15:58 palmer: well that 15 min saying sub 800
16:00 palmer: we will be globexers very soon
16:01 palmer: all trading happening there
16:01 palmer: right
16:01 palmer: like we are some euro traders
16:02 palmer: pretty sad!
16:02 palmer: you mean pretty sick
16:03 Vast524: PT is a Globex guru Palmer
16:04 Vast524: lol
16:04 palmer: too light volume
16:04 palmer: I can't trade it either
16:05 palmer: and PT those 500 lots dont work in globex
16:05 palmer: u need to trade 2lots
16:05 palmer: :)
16:06 palmer: my wife wouldn't have that
16:06 Vast524: I do it.:)-
16:06 VO: hehe
16:06 Vast524: I know
16:07 Vast524: What was that vo
16:07 Vast524: PT drowned you out
16:07 John: AA beats
16:08 palmer: smaller loss
16:08 John: Yes
16:08 bruce9432: Bloomberg saying $.59 street was 56
16:08 palmer: seem like an non event
16:09 palmer: new moon?
16:09 palmer: what happen to the old one lol
16:10 palmer: lol
16:11 palmer: wave 4 most choppy for sure
16:11 palmer: bye guys
16:14 Vast524: lol
16:14 VO: just kidding buddy
16:14 karen: sorry I missed that
16:14 karen: right
16:14 karen: k thks
16:15 Vast524: i'll try
16:18 John: That VIX has me on red alert, actually down on a down day
16:20 gila1: reverse trin trade since trin isn over 1.5 go long
16:21 VO: I show trin closed 1.51
16:29 John: That's my take. No fear for volatility sellers.
16:29 gila1: Economic
10:00am Feb Wholesale Inventories (last -0.9%)
10:30am DoE Crude Oil/Gasoline/Distillate Inventories
1:00pm Treasury's 3-year note aution
2:00pm FOMC minutes
Events
SEC to vote on restoring the uptick rule. Goldman Sachs Leveraged Finance Healthcare Conference. MBA Mortgage Applications (7:00, last 3.0%). Same-store sales after the close. Trades Ex-dividend: MA $0.15, PGN $0.62, CBKN $0.08.
Earnings
Before the Open: STZ, FDO, GBX, RPM, SGR. During Trading Hours: JOSB. After the Close: CHP, PBY, SMSC, WDFC.
16:36 Vast524: go the x1` lotters
16:47 PopStocks: Later folks, good luck
16:51 karen: where did he enter, do you know?
16:51 karen: lol PT
16:51 karen: k thks
17:01 kenga: what website are you looking at?
17:02 PT: google earth
18:00 karen: VO are you still holding your short?
18:00 karen: what's your entry?
18:00 karen: I may join you
18:01 karen: lol...oh do I
18:01 karen: yep...we weren't good together overnight
18:02 karen: it was late for me...I finally covered
18:02 karen: but still a healthy loss
18:03 karen: well somewhere around here possibly
18:03 karen: will watch t&s for a bit
18:03 karen: the developing lva is around here
18:03 karen: thanks, I will
18:04 karen: will watch price action first for a while
Wed. April 8th

08:34 LordAlfa: GM evening
08:36 LordAlfa: 15 min 814.25 met and exceeded.
08:39 LordAlfa: 15 min whole move 03.25 - 11.75 yields 825.50
08:39 LordAlfa: current 1 min down 13.50
08:40 LordAlfa: 14.00 migh be a pause.
08:45 LordAlfa: 15 min down proj 12.00
08:50 LordAlfa: all down proj negated
08:51 LordAlfa: next up proj on 15 min 2 bar 21.25
08:52 LordAlfa: abc off the bottom 261.8=21.50
08:53 palmer: VAH 19.50 might be first target
08:54 LordAlfa: 0845, 15 min 1bar proj up 19.25
08:55 LordAlfa: on 15 min, we have 19.25, 21.25 and 25.50
08:57 LordAlfa: 0845 bar was used becoz it is cycle lo. it is 1 tick lower high than the 0830 bar
09:04 palmer: good morning traders
09:24 palmer: short 816.50
09:33 PashaLV: Good morning everyone )
09:38 koolblue: short one from 18.75,covered at 17.50...plus 1.25
09:41 bruce9432: they said tuesday
09:42 bruce9432: Value numbers said tuesday typo
09:42 PashaLV: L@18
09:43 bruce9432: I used them
09:43 VO: l @ 18.75
09:43 PashaLV: flat@ 20
09:43 VO: 1 @ 20.25
09:45 VO: flat 21.25
09:45 koolblue: short one at 821.25
09:48 koolblue: exiting 819.75
09:48 kenga: looks like another bull flag
09:49 kenga: next stop could be 824
09:50 koolblue: out at 820.00...plus 1.25 there...now up 2.50
09:52 PashaLV: Could somebody check my indicator "Square of 9" numbers? I have 820, 811, 802.75, 794.75 etc..
09:53 PashaLV: Ok, TY Kool! .
09:55 prestwickdrive: nearby sq 9s 785, 799, 813, 827, 841
10:08 kenga: I have a buy in 815.50
10:09 kenga: GS just broke yes lows
10:09 gila1: financials esp gs sellling hard
10:11 kenga: fillled
10:11 kenga: on 6
10:11 kenga: stop is break even
10:12 kenga: either pop or drop
10:12 kenga: 816.50 take 3
10:13 kenga: whops
10:14 kenga: they shoke me out!
10:14 kenga: lol
10:14 kenga: maybe next time
10:15 kenga: that was the play..
10:15 koolblue: chart posted ...in the private room
10:17 akola: wow es in process of making H&S
10:19 palmer: out +2
10:19 palmer: geez almost an hour
10:19 palmer: looking for 811 to buy
10:20 VO: l 1 @ 14.50
10:22 kenga: yes lo 810
10:22 koolblue: buying 812.25
10:22 koolblue: proj down (5 and 1 min) is 812.00
10:22 palmer: I am using the 15 min
10:22 palmer: I get 10.5
10:22 palmer: that's why I am trying 811
10:23 VO: add 12.50...then 10.50 if need be
10:23 palmer: yep
10:23 kenga: yes low is also 61.8 on fibs
10:27 VO: avg 13.50
10:33 koolblue: out at 13.50...plus 1.25 on 2 es! puts me up 5 now...watching
10:38 koolblue: buying 810.50
10:42 palmer: out 812.50
10:42 palmer: +1.5
10:42 palmer: buying again 10.75 now
10:45 koolblue: selling 814.50
10:46 LordAlfa: should be 14.25 kool
10:46 palmer: sold 14.25
10:47 LordAlfa: ok
10:48 LordAlfa: Was away 1 hr. Missed that top 21.50
10:48 LordAlfa: the 15 min up was 21.25
10:49 palmer: have to hold 10.25
10:49 palmer: or I think globex lows indeed
10:50 palmer: out 812.25 +2
10:50 LordAlfa: L 12.50
10:52 LordAlfa: stop 10.75
10:53 kenga: 2k tic shows bull flag
10:55 LordAlfa: stop 11.75
10:55 LordAlfa: 15 min 1 bar proj up 18.25, target 18
10:56 LordAlfa: 161.8= 17.25
11:00 LordAlfa: 100=15.25
11:00 kenga: have res 816
11:01 LordAlfa: stop 14.50
11:01 palmer: shorting 818.50
11:02 VO: 1 @ 17.25
11:04 LordAlfa: stop 15.25 = 100
11:04 LordAlfa: 1 min down proj 15.50
11:07 LordAlfa: stop 16.25
11:08 LordAlfa: flat
11:08 LordAlfa: flat at 19
11:08 LordAlfa: flat at 18
11:08 LordAlfa: 5.50 on that trade. +6.25
11:08 LordAlfa: palmer. they 2 ticked you again.
11:09 JackS65: AdvGet chart posted
11:09 palmer: yep
11:10 LordAlfa: Thanks Jack. 15 min 2bar proj up is 21.50
11:10 palmer: LA but as Vo and Kool noted they have been front running the 15 by 2 ticks
11:15 LordAlfa: Looks like a re-test of 21.50 next stop
11:18 LordAlfa: palmer, 18.50
11:18 LordAlfa: are you filled?
11:18 PashaLV: S@17.50
11:20 LordAlfa: 18.25 is the 15 min proj up
11:20 bruce9432: Larry Tomlinson newsletter is not cheap
11:21 LordAlfa: which gives 21.50
11:24 Haku: hi hi all
11:24 LordAlfa: hi haku. Why the name haku? Sounded like a Gundam Haku
11:25 LordAlfa: Sorry Zaku
11:25 Haku: who ku?
11:26 LordAlfa: Just some Japanese Anime that I am into. Giant robot fighting machines, way before transformers.
11:26 palmer: aren't we excepting a higher around 11:30
11:26 Haku: oh yeah... I heard of him
11:26 LordAlfa: Yes palmer. It can be a lower high
11:30 palmer: I sold 1818.50
11:30 LordAlfa: Yay for palmer
11:31 palmer: finally :)
11:32 koolblue: proj down is 813
11:36 LordAlfa: up proj 17.75, 50% retrace for 610 chart if it can go down from here, there is an abc downside
11:38 LordAlfa: 1 min 2 bar proj 18.50
11:39 LordAlfa: pattern failed
11:40 VO: flat 20.50
11:40 LordAlfa: I though it is against naked shorting
11:40 palmer: well stopped out on that trade
11:41 LordAlfa: And the 15 min up proj to 21.50 can be considered met
11:42 LordAlfa: Since they have been 2 tick short most of the time recently.
11:43 koolblue: now she wants 815 if 821 holds
11:47 VO: s 1 @ 20.75
11:49 LordAlfa: S 20.50
11:50 LordAlfa: stop 21.50
11:53 VO: flat 19.25
11:59 LordAlfa: 610T has a down abc
11:59 LordAlfa: stop 20.75
11:59 LordAlfa: target 18.25
11:59 LordAlfa: =100%
12:01 LordAlfa: flat 18.25
12:02 LordAlfa: +2 Nett 6.5
12:08 palmer: 814.75
12:10 LordAlfa: PDQ, it is the hardware. Get a mouse that can change sensitivity.
12:10 LordAlfa: Needs to get past thia 54 ema
12:13 LordAlfa: Looks like the only way is up.
12:13 palmer: kool
12:13 palmer: you said 1:05 might be important
12:13 palmer: why
12:15 palmer: ok
12:15 palmer: got u
12:15 palmer: well going for lunch
12:15 palmer: be back in 30
12:18 VO: l 1 @ 18.75
12:20 LordAlfa: This what CharterJoe posted.
12:20 LordAlfa: I have an off topic question. I placed a buy at 812.25 on the ES, and placed a sell of 5 cons at 813.25 there were 230 orders on the dom when I placed the trade. How did over 1000 trade at that price before I was taken are there hidden orders on the DOM, why was my 5 cons pushed back until the price almost ran through it? There was plenty of time and order flow to take the order is it my brokers fault or is order placement not first come first serve?
12:21 karen: good question alfa...that has also happened to me
12:21 LordAlfa: It happened to me on Monday. Palmer saw that. Just one contract. Sitting there and was hit so many times even Mike Tyson would have fallen.
12:22 LordAlfa: I was shouting like (*&^&*%%& to buy this PIG for so many sentences.
12:22 karen: extremely frustrating
12:23 LordAlfa: The rest of Monday, I took back using Buy/Sell bid which was more reliable than the Limit order. Almost like a video game. Looking and the ticker and hitting the button.
12:24 VO: stop be
12:25 VO: 20.75 is 78.6 of abc
12:26 karen: that has happened to me, even when I trade only 1 contract
12:26 VO: 100 = 21.75
12:27 LordAlfa: Its a cluster of computers
12:28 VO: flat 20.50
12:29 LordAlfa: It more frustrating for targets.
12:29 LordAlfa: Not filling for targets is more sickening that not filling for getting in.
12:32 LordAlfa: When I tried YM, getting filled was better than on ES
12:32 LordAlfa: Pops our NQ hero.
12:36 LordAlfa: 18.25
12:37 palmer: 5 min also saying 17.50
12:39 LordAlfa: Pops do you have this issue of Limit Orders not getting filled in NQ?
12:40 LordAlfa: Your Gimme happened yesterday at Globex and VO took it and profitted
12:40 LordAlfa: 2215
12:43 koolblue: long one from 819.25, stop currently 817.00 and will raise soon
12:44 koolblue: out at 822.75...plus 3.5 there... now up 10.50
12:48 karen: just curious...do you consider bigs 100 contracts or more, or bigger volume than that...200 contracts or more?
12:48 karen: k thks
12:48 LordAlfa: PWD is at 50
12:48 LordAlfa: jt is at 100 I think
12:49 karen: I've had 100, will keep it at that
12:53 prestwickdrive: VO uses 100 too
12:53 palmer: where is that on ninja?
12:53 LordAlfa: How do you guys do it on Ninja?
12:53 prestwickdrive: yes
12:55 LordAlfa: Which?
12:55 LordAlfa: Paid?
12:55 kittste: Is that program on the forums?
12:56 gila1: vix lowest in months
12:56 LordAlfa: I made it at 0855
12:58 LordAlfa: S 25
12:58 VO: s @ 25.25
12:59 bruce9432: couldn't get filled
13:00 LordAlfa: I was sitting at 25 since 1030
13:00 palmer: wow
13:00 palmer: damned 1 ticked
13:01 palmer: nope me too
13:02 LordAlfa: palmer, you placed at 25.25?
13:02 palmer: 25.50
13:02 palmer: was my order
13:03 VO: 1 @ 23.50
13:04 palmer: I am pissed
13:05 VO: bidding 22.25
13:08 VO: left a lil gap @ 22.50
13:08 palmer: FOMC mins out @2pm
13:10 bruce9432: strange the Fed is witholding bank "stress test" results cuz markets can't handle the truth.
13:10 LordAlfa: The truth is bad.
13:11 bruce9432: LA if you have TS I have a volume indicator that culls out long vs short
13:11 LordAlfa: Using Ninja
13:13 LordAlfa: I have too many apps running. When will trading apps migrate to 64bit OS. I have a lot of RAM that can be used.
13:13 LordAlfa: 32bit can only use 3.5GB the most.
13:13 LordAlfa: My RAM usage is now maxed out.
13:13 VO: flat 22.75
13:13 PopStocks: hey, here's the avg I mentioned (grey line)
13:13 PopStocks: http://twitpic.com/309sq/full
13:13 bruce9432: Just get another puter
13:14 LordAlfa: I have 2 servers with 24GB RAM using Linux.
13:14 LordAlfa: My XP is only for trading.
13:14 LordAlfa: One of my servers is running VM with Ninja recording data.
13:15 prestwickdrive: bye
13:16 LordAlfa: See ya Kool
13:16 bruce9432: I was going to get the beta of Windows 7 but found out that once the actual release came out you couldn't transfer anything
13:19 LordAlfa: Windows 7 is not worth it. I am running it under my Linux VM. It is a Vista stripped out. Why would I pay for something that was the same without the bells and whsitles
13:20 kenga: 22.50 should be res now
13:21 LordAlfa: stop 23.75
13:21 kenga: we are back under yes hi
13:21 bruce9432: It's the bells and whistles that I am tired of, i.e. it questions every move I make
13:21 kenga: 21.50 should show support
13:22 LordAlfa: stop 22.50
13:23 karen: just curious, do any of you keep stats on all your trades?
13:23 karen: regarding success/failure rate, entries, etc
13:24 LordAlfa: Bruce it is the windowing. It is way too slow. Tried to be like Mac and gets no where. Linux enlightment windowing is so much faster and lighter.
13:24 LordAlfa: flat 22.50
13:24 PopStocks: I do, but I don't scalp these days, I swing trade so it is easy to keep stats
13:24 LordAlfa: +8.75
13:25 karen: thks pop
13:26 bruce9432: LA what's the income tax rate over there?
13:26 LordAlfa: Well I don't have an official income. So Zilch. Cap Gains is tax free. Means profits from trading is free.
13:27 bruce9432: which leads me to my second question, what are rents like?
13:28 LordAlfa: I pay myself as a salary from my self employment to get tax benefits and well below the taxable bracket (classifying myself as poverty) I don't declare my trading profits.
13:28 LordAlfa: My wife is fully employed and I get credit cards from her name.
13:29 bruce9432: No way can you do that here, if you try jack booted thugs come through the front door
13:29 LordAlfa: Rents? Depends where? City, Suburbs, way-off. Government subsidised or private
13:31 LordAlfa: My wife gets tax relief for supporting a "bum husband" with 3 kids.
13:31 LordAlfa: All perfectly within legal guidelines.
13:32 LordAlfa: My company is a "bus for hire"
13:33 bruce9432: So the broker doesn't report P & L to the state. In the U.S. they report it and you better declare it.
13:33 LordAlfa: Nope. They don't report to my government. But I will keep records if they "want me exposed" but I am a small fish.
13:34 palmer: sloooooooooooow
13:34 JackS65: AdvGet chart posted
13:34 karen: FOMC minutes in 1/2 hour, just fwiw
13:34 karen: often causes a bit of fluctuation
13:35 bruce9432: I really don't know what the FOMC can do anymore, like pushing a string
13:37 VO: s @ 22
13:38 palmer: think that 22 was line in the sand
13:38 LordAlfa: S 21.50
13:39 LordAlfa: I think the 15 min 818 will be met.
13:40 JackS65: Just posted AdvGet 60 min diff wave count
13:44 VO: stop 24.25
13:47 LordAlfa: stop 22.75
13:54 John: Make a law that you can only sell for a higher price than you paid :-)
14:01 bruce9432: s @ 21
14:01 LordAlfa: stop 22.25
14:01 VO: 1 @ 20.50
14:01 VO: stop be
14:01 palmer: lol
14:01 palmer: oh no ONE more
14:02 palmer: news conference
14:02 John: Revised GDP outlook negative for all of 2009 and 2010???
14:03 VO: bid 18.50
14:04 bruce9432: out @ 19.50
14:04 LordAlfa: stop 21.25, BE +1
14:05 John: Exactly correct.
14:05 LordAlfa: flat 18.50
14:05 LordAlfa: +11.25
14:06 John: VIX barely moving...
14:07 Margie: Thanks for posting the charts Jack
14:07 palmer: I got one ticked
14:07 palmer: rrrrg
14:09 palmer: dont like that deadly though
14:09 palmer: seem weak
14:09 palmer: have a feeling 815 coming
14:10 bruce9432: AP: OBAMA LOOKING INTO 'RADICAL TECHNOLOGIES TO COOL EARTH'S AIR'...
Considers seeding clouds to fight warming...
'Shooting pollution particles into upper atmosphere to reflect sun's rays'...
14:11 palmer: that crap causes flooding
14:11 palmer: what kind of plicy is that
14:11 palmer: policy
14:11 palmer: pure rain and snow
14:11 bruce9432: Obama will pay for all collateral damage
14:12 palmer: 50 PSI in those tires :)
14:12 LordAlfa: I have a joke of a Porsche 928 owner. Gone skiing. Car did not have chains.
14:13 palmer: silver 12.885
14:13 LordAlfa: The slope out of the ski resort is a 5* incline. He couldn't go up for 200m.
14:13 karen: lol
14:14 karen: just curious...where is everybody from....PT/VO/kool?
14:14 LordAlfa: He reversed the car to go up. Changed his rear wheel drive car to become a "front wheel drive". he reversed for a good 1.5 km (about 1 mile)
14:14 karen: where in florida?
14:15 karen: I have a good friend in Naples, heading down at the end of the month
14:15 karen: VO...where are you?
14:15 karen: I'm in Ontario Canada, btw
14:15 LordAlfa: My weather here predictable. 33* high to 24* low with occasional rain in the afternoon.
14:16 LordAlfa: Everyday of the year.
14:16 karen: lol
14:16 LordAlfa: Come to the equator.
14:16 karen: yep, had snow flurries yesterday
14:16 karen: ok...don't have any friends there, lol
14:16 karen: right, now I do
14:16 palmer: 815
14:16 palmer: told you
14:17 palmer: yep I know
14:17 prestwickdrive: ldva = 16.0
14:18 LordAlfa: 5 min down proj 16.25
14:20 LordAlfa: s 18
14:21 LordAlfa: stop 19.50
14:22 LordAlfa: stop 18.50
14:23 LordAlfa: flat
14:23 LordAlfa: +13
14:30 LordAlfa: Posted the picture of the channel
14:33 bruce9432: how do you retrieve the post ?
14:33 bruce9432: where is it posted?
14:33 PopStocks: can you all see the pic of inverted hns?
14:34 LordAlfa: posted Charts 4-08-09
14:34 PopStocks: http://twitpic.com/30dyc/full
14:35 prestwickdrive: ldva 15.5 now
14:35 LordAlfa: If Twitter gets bought by Google, It is Google the Twit.
14:37 parson: Thanks for the chart LA
14:38 LordAlfa: Your welcomed. Usually too late too see a channel.
14:46 bruce9432: fib settings per posts on forum http://screencast.com/t/qKrLouse4
14:52 bruce9432: They ape a program (chat room) that I was in and we cracked what the guy was doing, I posted last year what they were on Daily pivots
14:53 bruce9432: It works
14:53 bruce9432: again?
14:54 bruce9432: forum
14:54 bruce9432: Derivative Concepts
14:54 bruce9432: the name of the site isn't it?
14:55 palmer: bingo 815
14:55 palmer: lol
14:55 bruce9432: http://screencast.com/t/3sz4ZEXI
14:56 parson: congrats, Palmer
14:56 LordAlfa: 25
14:57 palmer: thanks
14:57 palmer: I was waiting for them to call g 51 lol
14:57 parson: :-0
15:03 LordAlfa: took like 3 hours to make a 10 pt move. This volume is low.
15:04 palmer: blew thru that
15:04 palmer: here comes lod
15:04 karen: #1 local in the pit...heavy on the offer, just walked into the pit a few minutes ago
15:05 karen: and starts shorting
15:05 karen: lol yep...if I'm long and I hear he walks in, I get out of his way
15:05 karen: rofl PT
15:05 karen: not sure, but I tend to think so
15:05 karen: they won't say his name
15:06 John: They want those 810 stops.
15:06 karen: he walks in, makes his money in about 20 min and leaves...sort of like a bully, just offers, even if the entire pit is long, shorts, covers and leaves
15:06 karen: with his bags of money
15:07 karen: lol, me too
15:07 karen: let's show him!!
15:07 karen: who's the real #1
15:08 palmer: we eatting out a inside day it seem
15:09 karen: #1 started selling at 815.50's...still short
15:09 karen: he is basically the offer right now
15:09 karen: k, will do
15:09 palmer: wow he is big muscle
15:10 karen: that's why they call him #1
15:10 LordAlfa: Where did he have the money from? Obama?
15:10 palmer: karen he works for GS?
15:11 karen: no, he's an independent local on the floor in Chicago
15:11 karen: the #1 local, big money, big muscle, who loves to short
15:11 palmer: wow that's some heavy muscle if he can move us
15:12 karen: he's trading the big contract
15:12 karen: in the pits...he's still short
15:12 LordAlfa: The new short rules should be applicable to him then
15:12 palmer: no LA - then it would apply to us
15:13 LordAlfa: Most pessimists will short. Optimists will look for long signals. I have observed this trait of traders.
15:14 karen: go VO/PT....you show him who's boss!!
15:14 LordAlfa: In a bear market like this pessimists rule.
15:15 bruce9432: Doesn't matter to me as long as it moves
15:16 LordAlfa: Its like a right or left hander preference. We can go both ways but some prefer up some prefer down. If you check on your trading records, you might see a reflection of yourself.
15:18 LordAlfa: Some have more confidence when the short instead of going long. And this reflects the optimistic of pessimistic nature of the trader.
15:18 bruce9432: better yet, I will turn my screen 90 degrees and instead of long or short go left and right
15:21 palmer: 15 min had perfect 7 waves up
15:21 palmer: them bam
15:21 karen: let's
15:22 karen: I did last night
15:22 karen: but covered tooooo early
15:22 karen: I like the globex
15:22 karen: but you have to wait
15:22 karen: #1 coming in on the bid now, must be covering
15:23 karen: what does he know?
15:24 karen: high five!!
15:24 karen: I'll have to call the pit and say "PT's coming in on the bid", look out #1
15:24 karen: get out of the way
15:24 karen: lol, no, but not sure of the number
15:25 VO: s 1 @ 17
15:25 karen: it will be entirely at some point in the near future I would imagine
15:25 bruce9432: LA, do you trade the Euro ?
15:26 kenga: lol
15:26 LordAlfa: Want to but prefer if I have EUD
15:26 kenga: that would be wild
15:27 bruce9432: too physical
15:27 kenga: jjumping..
15:27 kenga: punching
15:27 palmer: red bull :)
15:27 kenga: like a mash pit
15:27 LordAlfa: I can supply him with the original Thai made Red Bull.
15:27 bruce9432: they did a study and tall people faired better than short
15:27 VO: flat 16
15:27 karen: alot of the male traders that are shorter actually wear platform shoes
15:27 karen: I know that from a friend who used to trade there
15:28 bruce9432: have stun guns, get people out of the way
15:28 LordAlfa: I am not ashamed of my height. I even danced with girls taller than me.
15:29 LordAlfa: they give that strange look and I will reply, It is the feet not the height
15:29 bruce9432: I saw Kobe Bryant at the mall and it looks like it would be fun to be that tall
15:29 LordAlfa: I stand 1.68m
15:30 bruce9432: lets see 2.54 cm to the inch..................
15:30 LordAlfa: http://calculators.guyellisrocks.com/home/lengthconverter
15:30 bruce9432: LA metric system never caught on over here...except for that 9mm thing
15:31 VO: l 1 @ 16.75
15:31 LordAlfa: 5.511 811 023 6 feet
15:31 LordAlfa: Bruce you'd better if you want to trade FESX. 1pt = 10 EUD.
15:32 bruce9432: I love that, when an analyst is all wrong about a stock they use that "we got in too early"
15:36 LordAlfa: 1 min proj 18.25 bingo
15:41 JackS65: Everyone have a great ebveniong
15:42 LordAlfa: bye
15:42 VO: stop be
15:45 karen: VO...do you mind me asking, how many contracts do you usually trade?
15:47 VO: 1-2
15:47 VO: sometimes 3 on nice abc setup
15:47 karen: k thks...I'm usually trading 2, but want to add a third
15:50 Haku: for every 1 point move in ES, what would be equivalent in NQ?
15:51 LordAlfa: Have to ask Popstocks the resident NQ trader
15:51 bruce9432: 10 ticks
15:51 LordAlfa: He just left.
15:58 karen: dev uva is 21.75
15:58 karen: 17.25
15:59 VO: s 1 @ 21
16:10 gila1: happy passover/easter
16:10 LordAlfa: Thanks Gila.
16:10 gila1: figure that covers most of us
16:11 gila1: greek easter I think is next week
16:16 karen: I'm not in short YET, but will watch after 4:30
16:17 karen: grey goose martini
16:17 karen: congrats VO, excellent
16:17 VO: ty
16:17 LordAlfa: red bull with thai whiskey
16:17 LordAlfa: Thats a killa
16:17 karen: I have 22.25 vah
16:18 karen: 15.25 val
16:18 karen: I stop at 4:15
16:19 karen: sorry, what was that
16:19 karen: I have Ninja
16:19 karen: and purchased it from another company
16:19 karen: can't remember...I can look it up
16:19 karen: if you want
16:19 bruce9432: Affordable Indicators?
16:20 karen: not them bruce
16:21 karen: it was from www.fin-alg.com
16:22 LordAlfa: Yes. From Isreal
16:22 karen: yw
16:22 LordAlfa: http://www.fin-alg.com/product.html
16:23 LordAlfa: 249 usd
16:23 LordAlfa: But he did not get Market Profile license from CBOT but who cares. He operates out of Israel
16:27 karen: was there some news afterhours that they're bidding it up? maybe they're playing games, like they do on the DOM
16:29 karen: they do this all the time before the a/h reopens
16:30 karen: I just shorted one at 22.75, couldn't help myself
16:31 LordAlfa: S 22.50
16:31 LordAlfa: 2 contracts
16:31 LordAlfa: reversal candle on 5 min and 15 min
16:33 kittste: Where do you get the "closing tick" number from?
16:33 kittste: OK, thanks.
16:35 palmer: what do u guys want
16:35 palmer: closing tick
16:35 palmer: wallstreetcourier.com/index1.htm
16:35 kittste: Great, thanks
16:35 palmer: there u go for closing ticks
16:37 palmer: it takes about 3 hours after close to update
16:38 palmer: so by 6- 7 est
16:38 kittste: Thanks Palmer
16:39 palmer: also you can get it from wsj.com
16:40 palmer: online.wsj.com/mdc/public/page2_3021-tradingdiary.html
16:40 palmer: do a search on wall street journal online
16:41 kittste: OK, yep, got it thanks.
16:41 palmer: bye guys
16:41 kittste: bye
16:47 karen: yes
16:47 karen: I shorted 22.75
16:47 karen: just one
16:47 karen: well, 24.25ish
18:34 karen: VO...are you still around? I got stopped on my short, are you still in?
18:34 karen: I'll be back in a bit to reassess
18:38 kenga: vo are you here?
20:29 Margie: Is this a gimmee going off?
20:31 karen: not sure margie, but watching this move
20:31 Margie: thanks Karen
20:32 karen: the nikkei is opening soon I think, their futures are very green
20:32 karen: maybe that's why this pop
21:09 VO: PT cant be happy...well thankfully I pulled my order at 26.25 and put in a small sell at 33.50 if they can get it there...161.8 of this move
21:13 VO: there will be risk to 38.75...the 261.8 of abc and 200 of swing, so I will use a small stop of 35
21:14 karen: I agree VO
21:15 karen: nikkei is very strong right now
21:20 VO: r u short karen?
21:21 karen: no, covered my short at 24.75
21:21 karen: grabbed a quick long scalp from 825 to 826.25
21:21 VO: yeah...sorry bout that
21:21 karen: flat for now
21:21 karen: never apologize...it was my idea
21:22 karen: not a big stop for me, and gained some profit back from my long
21:22 karen: so sitting fairly neutral for now
21:22 VO: o good for you....buying - what any rational person should be doing
21:22 karen: well, I've learned that over time, don't fight the trend, I could really see strength on the buy side
21:23 karen: now salivating for a short
21:23 karen: but will watch for now
21:23 karen: flurry of volume seems to have slowed a bit
21:27 VO: well I missed all the volume...but I also have timing coming in soon...doubt they get it to where I need them to before they pull it back
21:28 karen: you're looking for 33.50?
21:29 VO: maybe karen...would like to see em get it there rather soon before they pull it back
21:29 VO: dont think that plays out though
21:30 VO: if it does im a seller
21:34 karen: I will too, if I'm still awake
21:42 VO: the more I look at the charts, the more they keep saying we need more pullback...from a bigger perpective
21:42 karen: you mean in this globex session, or overall?
21:43 VO: I could be totally wrong...but I think somehow someway we find ourselves down in the 770-780 area at minimum
21:44 VO: no karen...from abigger picture
21:44 karen: oh I agree with you VO on a longer term basis
21:45 karen: earnings season will provide lots of reason for nervousness I'm sure, we get into the heart of that next week
21:45 karen: we will break 800...I feel very sure of that
21:45 karen: tomorrow volume will likely be fairly light in front of the holiday friday
21:47 karen: I want globex to push through 30 soon, I'd like to put one more trade on
21:47 karen: then it's off to bed for me
21:48 VO: yeah what a pisser....why cant we have nice volume swings everyday
21:49 karen: nature of this crazy beast
21:49 karen: I don't like the low volume days, price action gets so whippy
21:58 VO: doesnt suit my fancy either karen
21:59 VO: look at gold...hasnt been very tradable in the last week...no volume
22:00 karen: haven't really followed gold, and haven't traded it
22:02 karen: ok come on globex....wake up
22:14 karen: calling it a day, goodnight VO, c u tomorrow
22:25 VO: see you tomorrow karen
04:38 ygol: hello. I just installed the voice & text chat.
04:38 ygol: it seems there's only one room "kools Tools". what are the requirrement to get in?
Thanks
Monday, April 13th

07:18 Vast524: PT, are you there
07:18 PT: hi vast
07:18 Vast524: hI
07:18 Vast524: bACK HOME NOW
07:18 Vast524: Sorry
07:18 PT: welcome back !
07:18 Vast524: Didn't mean to yell. lol
07:19 Vast524: Am I correct that the market is open today?
07:19 PT: good to see the monitor lizards didnt get you
07:19 PT: I think so
07:19 Vast524: OK. Monday is a public holiday in Australia
07:20 Vast524: I had a look and it seemed that it is not in the US
07:20 PT: Friday was the holiday here
07:20 Vast524: So I thought I better get to bed for a few hours. It is 9:20pm here
07:20 Vast524: We had Friday as well
07:21 PT: ok
07:21 Vast524: Well, I will see you in about 5-6hrs. Have a good morning. Happy Easter by the way
07:21 Vast524: Till then
07:22 PT: ok Vast, sleep well
07:35 PT: gm palmer
07:45 palmer: hey pt
07:45 palmer: we still on holidays?
07:45 PT: markets should be open today
07:52 palmer: well as expected the big guns gapping us down
07:52 PT: yeah that was a no brainer
07:56 palmer: wonder what we do today
07:57 gila: uk holiday today
07:57 palmer: most english colony countries have today off
07:57 palmer: easter monday
07:58 palmer: easter friday and mondays are holidays
07:58 gila: yes
08:00 palmer: volume looks light
08:03 PT: light volume, market will be trendy
08:14 karen: yes
08:14 gila: yes
08:14 karen: gm
08:14 bruce9432: y
08:14 karen: better!!!
08:14 bruce9432: gravelly
08:14 karen: way to go
08:14 bruce9432: ok
08:47 koolblue: chart posted...private room!
08:48 karen: yes thks kool, how about you?
08:48 karen: oh...glad you're on the mend
08:49 koolblue: bingo on my 854 number, last thurs!
08:50 koolblue: now is that the top? or just a temp. one to at least 862.50?
08:50 koolblue: time will tell!
08:51 koolblue: short one from 847.25
08:59 PashaLV: Goog morning and happy Easter to everyone!
09:19 palmer: PT was here earlier
09:20 koolblue: covered my short at 845.50...plus 1.75
09:34 koolblue: short again from 845.50
09:35 prestwickdrive: singles 39-40, sq 9 @ 41
09:36 karen: LVA also is 841.75
09:37 prestwickdrive: 38.5 = .5 of Thur. range
09:38 palmer: 3 bar 15=838.50
09:39 mrg22: dow and nas holding lva's at the moment
09:41 gila: gs up
09:43 koolblue: out at 843.00...plus 2.5 there...now up 4.25 on the day
09:55 megatron1981: trying to short @ 44.50 - didnt get filled after 2 touches :(
09:58 koolblue: buying 841.25
10:04 koolblue: 844.50...short
10:10 megatron1981: looking to buy @ 844.50
10:11 koolblue: stopped at 846.75...loss of 2.25...up 2 now
10:11 koolblue: back in 15 min
10:11 karen: and UVA is 48.75
10:14 LordAlfa: S 49
10:14 VO: s @ 49.25
10:16 LordAlfa: It is also 15 min single bar proj up
10:21 LordAlfa: stopped.
10:21 LordAlfa: -1
10:25 gila: why is ge up
10:25 gila: gs is close to $130highest in months
10:26 bruce9432: gs reports tomorrow
10:30 megatron1981: unless new high, looking to buy @ 46
10:32 VO: flat 47.75
10:33 Robin: good morning everyone :) Kool... LOVE your new mic!!!
10:35 koolblue: shorta couple from 847.75
10:37 LordAlfa: S 48.75
10:39 LordAlfa: stop 49.25
10:40 icepick: L 46.25
10:40 LordAlfa: 5 min down proj 44.75
10:40 LordAlfa: 15 min down proj 42.25
10:42 megatron1981: buy @ 46
10:43 koolblue: out at 846.00...plus 1.75 on each...now up 5.50 on the day
10:43 LordAlfa: stop 47
10:46 LordAlfa: flat
10:47 LordAlfa: S 47
10:50 megatron1981: out @ 47.75, 1.75 on that one
10:51 icepick: Out 8.25 + 2
10:51 megatron1981: short @ 48
10:52 megatron1981: stop @ 49.25
10:53 koolblue: selling 849.50
10:54 megatron1981: cover @ 46.25
10:56 megatron1981: +1.75 for up 3.5 total
10:56 PT: nice work mega
10:56 megatron1981: cheers
10:56 megatron1981: back later, gotta get ready for work
11:02 koolblue: selling 846.25 if I can get it!
11:05 LordAlfa: Is the 15 min outstanding proj down 833?
11:09 VO: possible bull gartley if they hold here
11:10 LordAlfa: 5 min whole move 36.25
11:13 LordAlfa: Sorry 39.50
11:16 koolblue: long from 844.25
11:19 koolblue: will cover one at 845.50
11:26 koolblue: out one at 845.50...plus 1.25 there..up 6.75
11:27 koolblue: stop noe at b.e. (844.25 on the other
11:27 koolblue: out the other at 846.25
11:28 koolblue: plus 2 there...now up 8.75 and watching
11:37 karen: kool...I'm loving your new mic...sound is so much better
11:38 karen: lol...worth it
11:38 LordAlfa: Let's Karaoke
11:38 LordAlfa: LOL!
11:38 icepick: no candy corn 4 u today kool - blew ur budget :)
11:39 bruce9432: HotComm?
11:39 VO: mikogo
11:39 LordAlfa: Is that Mr. Miyagi of Karate kid?
11:41 LordAlfa: Why don't we just webcast? Server anyone? 2x dual Xeons. 24Gb RAM Linux 64 bit. I can virtualize an app.
11:41 LordAlfa: I need to get bandwidth.
11:41 LordAlfa: Webinar type thing
11:42 LordAlfa: Comcast
11:42 LordAlfa: Maybe I need to hustle to get an E1 line
11:43 LordAlfa: I have 5 min projections at 39.50, 39.25, 35.50
11:43 LordAlfa: 15 min 31.75
11:43 LordAlfa: And the oustanding 33.00
11:49 karen: have a good rest kool, thks!!
11:49 Robin: feel better kool :)
11:49 gila: sleep helps feel better thx
11:49 karen: have a good rest, market will be here tomorrow
11:50 bruce9432: good
11:51 bruce9432: The Mikago software works with skype
11:55 LordAlfa: mikogo only 10 clients simultaneously
12:02 bruce9432: VO, did the room ever consider HotComm?
12:03 bruce9432: ok
12:03 LordAlfa: With all the apps. I think I will try to upgrade to Vista 64 bit to use all that RAM. 16GB.
12:05 bruce9432: LA, I would wait for Windows 7 which is what Vista was menat to be
12:05 bruce9432: meant
12:09 LordAlfa: I want Ninja on Linux Ubuntu x64. That will make my day.
12:12 LordAlfa: Does MS support any of their applications? LOL! I thought they'll sell it to you and forget it.
12:12 LordAlfa: Yes.
12:12 LordAlfa: 3.5GB RAM addressable
12:13 LordAlfa: Because of the charts, indicators, Ensign chat, Mumble, Mikogo, Browser etc. We need more RAM. The only way is 64 bit addressing. More than 4GB addressable.
12:14 LordAlfa: Windows Server 2003 can address more than 4GB in 32 bit called PAE, Paged Address Extension.
12:15 LordAlfa: mumble - 34MB
12:15 LordAlfa: eVhat 8MB
12:16 LordAlfa: mikogo 13MB
12:16 bruce9432: Chatzilla on firefox
12:16 LordAlfa: Ninja 266MB
12:16 bruce9432: mirc
12:17 LordAlfa: Must be 6 charts
12:18 LordAlfa: OK. Must be my days back
12:26 PashaLV: S@47
12:30 LordAlfa: This is a horizontal channel on the 610T chart
12:41 LordAlfa: S 48.50
12:59 PashaLV: flat
13:01 LordAlfa: Add 850
13:04 LordAlfa: stop 50.50
13:12 LordAlfa: price action is boring.
13:14 LordAlfa: don't like this. stop 49
13:15 LordAlfa: can break either way.
13:16 LordAlfa: Mid day globex action?
13:18 LordAlfa: flat
13:50 JackS65: Posted 5 min AdvGet chart
14:18 Vast524: yep
14:20 Vast524: l @ 51.50
14:27 Vast524: Flat
14:29 VO: s @ 52
14:30 VO: stop 53.25
14:30 bruce9432: Posted 13 min chart in private room
14:32 kenga: looks like a bear flag 512t
14:34 VO: flat
14:39 VO: s @ 52.50
14:39 VO: stop 55
14:40 Vast524: s@52.25
14:40 Vast524: stop 54
14:41 VO: 1st = 49.25
14:44 Vast524: stopped
14:44 bruce9432: Venus, full moon? Sounds like Larry Pesavento
14:46 bruce9432: He charges like 10 grand for his class
14:46 bruce9432: Yeah
14:47 bruce9432: I'll get a mic someday
14:47 PopStocks: hello
14:49 PopStocks: http://www.artcharts.com/calendar/retrograde_calendar.html
14:50 bruce9432: Hello PS, hey I lost my room roster listing everyone present anyone know how to get it back?
14:53 kenga: http://www.tradingtutor.com/video/Quicksand.wmv
15:00 PopStocks: break it down boyz!!!
15:00 VO: 1 @ 50
15:00 Vast524: Wouldn't let me get back in
15:01 VO: stop be
15:01 VO: flat
15:01 PopStocks: wow stop running allover
15:02 PopStocks: mega stop run
15:09 PopStocks: ugly megaphone
15:17 icepick: ur hounds r on the loose vo
15:17 icepick: :)
15:17 Vast524: Doesn't sound like a chihuahua
15:18 Vast524: Remind me when I visit VO to knock first
15:19 prestwickdrive: old singles 60.75-62.75, 56 sq 9
15:21 Vast524: Bigs are positive now. The smalls have been +ve all along it seems
15:23 icepick: there is a 61.75 / 15 min proj - fwiw
15:27 prestwickdrive: 860.0 = 100% ib ext.
15:31 PopStocks: prestwick, I prefer 70% of ib
15:31 PopStocks: that's why you usually here me giving ballpark extensions : )
15:36 prestwickdrive: ty Jack
15:36 Vast524: TY
15:36 bruce9432: thanks for the charts
15:39 Vast524: Who does the wave counts for Jack's charts? Is it part of a service he subscribes to?
15:39 Vast524: OK.
15:39 Vast524: Thanks VO
15:44 palmer: short 61.25
15:46 palmer: really
15:46 palmer: first time my luck worked
15:47 palmer: come on 58.25
15:48 palmer: lol
15:48 palmer: as long we both profit my friend
15:49 palmer: it no fill
15:49 palmer: hit no fill
15:49 palmer: maybe they 1 tick me as per usuak
15:49 palmer: bingo
15:49 palmer: out
15:49 PopStocks: this is a longterm short folks,,, if anyone wants to buy puts here now is a great opportunity imo
15:51 palmer: who called that cycle hi @ 3:50
15:51 palmer: hit it dead on
15:52 kenga: rejected from monthly r1
15:57 VO: l 1 @ 56.25
15:58 VO: stop 54.75
15:59 VO: flat
15:59 palmer: wow took profit too soon
15:59 palmer: bummer
16:02 palmer: yep this 854 area looks very important
16:02 palmer: bye guys
16:03 kenga: does europe have that big of a trading hold on us?
16:06 gila: Tuesday, April 14, 2009


Economic
8:30am March PPI (last m/m 0.1%, y/y -1.3%, ex food & energy last m/m 0.2%, y/y 4.0%), March Advance retail sales (last 0.1%, ex autos last 0.7%)
10:00am Feb Business Inventories (last -1.1%)
10:30am Fed coupon purchase
4:30pm API Crude Oil/Gasoline/Distillate Inventories
Events
10:30am Fed's Evans speaks on risk management for banks. 4:45pm Fed's Stern speaks on risk management for banks. ICSC/UBSW Chain Store Sales (7:45, last 0.6%). Redbook Retail Sales (8:55, last 0.4%). ABC Consumer Confidence (last -50). AGL Analyst Meeting. SY Shareholders Meeting. Trades Ex-dividend: BBY $0.14, EOG $0.145, RRD $0.26, NPD $0.33, MGRC $0.22, KWR $0.23.
Earnings
Before the Open: CBSH, FAST, GS, JNJ, GWW. After the Close: ADTN, CSX, HCSG, STX, INTC.

Tuesday, April 14, 2009


Economic
8:30am March PPI (last m/m 0.1%, y/y -1.3%, ex food & energy last m/m 0.2%, y/y 4.0%), March Advance retail sales (last 0.1%, ex autos last 0.7%)
10:00am Feb Business Inventories (last -1.1%)
10:30am Fed coupon purchase
4:30pm API Crude Oil/Gasoline/Distillate Inventories
Events
10:30am Fed's Evans speaks on risk management for banks. 4:45pm Fed's Stern speaks on risk management for banks. ICSC/UBSW Chain Store Sales (7:45, last 0.6%). Redbook Retail Sales (8:55, last 0.4%). ABC Consumer Confidence (last -50). AGL Analyst Meeting. SY Shareholders Meeting. Trades Ex-dividend: BBY $0.14, EOG $0.145, RRD $0.26, NPD $0.33, MGRC $0.22, KWR $0.23.
Earnings
Before the Open: CBSH, FAST, GS, JNJ, GWW. After the Close: ADTN, CSX, HCSG, STX, INTC.

gs before bell
16:06 gila: jnj pre bell
16:13 John: David Tice: No more mark-to-market, now mark-to-fantasy.
16:14 Vast524: If he isn't he shouldbe employed by them
16:23 PopStocks: http://www.2009.worldmarkethours.com/Stock/index.htm
16:27 gila: Goldman Sachs reports higher earnings and revenue, announces $5 billion equity offering
16:31 gila: cnbc erroneously said gs was cutting dividend
16:31 gila: will use money from equity offering plus other sources to pay off tarp
16:35 bruce9432: Yo, the Spector verdicr was supposed to be read at 1:30pm PDT can't find anything
16:42 PopStocks: see everybody tomorrow - byebye
Tues. April 14th

08:09 palmer: shorting 857
08:19 palmer: out + 1 tick forgot we had numbers in 10
08:20 parson: "Numbers in 10"? please explain.
08:21 palmer: ppi @ 8:30
08:21 parson: tnks
08:22 parson: gm, Palmer
08:22 palmer: no problem
08:23 PT: parson are you not in the voice room ?
08:24 parson: sorry, no. I have windows 2000. wish I could, tho'
08:24 PT: ah ok
08:30 palmer: oh man
08:30 palmer: I suck
08:31 PT: always good to get the bad news out early
08:39 palmer: man pt I should have stayed in
08:39 palmer: oh well
08:40 palmer: that's a ugly red candle on this 15
09:01 prestwickdrive: look at DNDN
09:01 prestwickdrive: good news on prostate cancer drug. 20% short interest
09:12 LordAlfa: Hi
09:17 parson: gm, LA
09:18 LordAlfa: Hi Parson
09:22 karen: PT's sound is the clearest
09:22 karen: can't hear boris here either
09:26 LordAlfa: Still in 1 contract since the 15 min gimme
09:26 kenga: we may hit 840 first then head back up for s short time
09:26 LordAlfa: sold 57.25
09:26 LordAlfa: I think I'll quit before the open
09:27 LordAlfa: flat 45.50
09:27 Margie: good one, LA
09:27 LordAlfa: Good morning start. 11.75
09:29 LordAlfa: Lost initially with 3 contracts sitting at 54. -6. Now nett 5.75
09:29 kenga: morning kool
09:30 Margie: good morning Kool
09:32 LordAlfa: I correct myself again. 38.25. The previous bar is a tad higher. 61.25
09:32 prestwickdrive: singles 41.5-42.25, 41 = sq 9, 42.75 glbx low
09:33 koolblue: chart is posted...private room
09:34 LordAlfa: Yesterday's proj at 61.25 was dead on. Had 2 orders and went to sleep with 2 pt stop. Filled and took profit at 2pt and one at 7pt. Auto close at 1613hrs by Ninja.
09:37 bruce9432: 841.50 YL
09:38 LordAlfa: Tools - Instrument Manager - Double click ES - Misc (Tab) - Expand +Zenfire - Click Commision levels [...] - New - Commision - 2.2 Units 0(Zero)
09:38 LordAlfa: You can set individual commisions for different instruments.
09:40 LordAlfa: This will give $4.40 RT trade
09:40 LordAlfa: Don't mention it.
09:41 koolblue: buying 840.75-841.50
09:41 LordAlfa: against the deadly? brave man.
09:46 koolblue: long one for a quickie at 841.25
09:46 koolblue: 1.5 stop
09:50 koolblue: out at 843.00...plus 1.75....watching
09:52 bruce9432: Stocks in U.S. Decline on Retail Sales, Price Reports; Home Depot Retreats
09:53 kenga: we hit 840
09:53 kenga: loook what I posted at 926am
09:56 koolblue: looking to sell resistance at 848.50-850.50...or buy support at 837.00-838.50
09:58 LordAlfa: My orders are sitting there already
10:00 LordAlfa: Outstanding down proj for 15 min 38.25. Recently formed 25.50 if 57.50 is not taken out.
10:01 VO: s 1 @ 46
10:02 PT PM'd
10:03 LordAlfa: Buy a UPS
10:04 LordAlfa: Not United Parcel, Uninteruptible Power Supply. At least keep you in for 10 min.
10:08 LordAlfa: lightning in Singapore is peaked usually at 3pm to 4pm with 60 occurences daily. According to stats. peak months are April, May and Nov.
10:08 LordAlfa:
10:09 LordAlfa: That's from the national met station
10:10 koolblue: mini peak about 10:17
10:10 koolblue: 5 min low around 10:30
10:18 prestwickdrive: 56.25
10:29 prestwickdrive: next higher sq 9 = 56.0
10:30 kenga: we are at 50% of gap
10:37 prestwickdrive: 53.5= 50% ib ext
10:38 koolblue: peak coming 10:44
10:42 koolblue: stopped at 852.50...loss of 2
10:45 palmer: yep right around here shoudl be a peak too
10:46 prestwickdrive: uva 53.5
10:50 karen: not I
10:50 palmer: nope
10:50 karen: #1 is in the pit, and he's short, just fwiw
10:50 karen: #1 trader in the chicago pit
10:50 karen: s&p
10:50 karen: think so too, but they never say their name
10:51 karen: he loves the short side
10:51 karen: sorry kool, what was that?
10:52 karen: me too
10:54 koolblue: short one from 851.25
10:55 karen: lol
10:55 karen: fatboy
10:55 karen: I'm sure he's been called worse
10:55 LordAlfa: Maybe he is really fat.
10:56 LordAlfa: Maybe named after the 2nd A Bomb
10:57 LordAlfa: I don't think it applied to Nick Leeson
10:57 karen: PT did you used to trade in the pit?
10:58 LordAlfa: You need to be Darth Vader10:58 karen: wow, interesting PT
10:59 palmer: propreitary like PT
10:59 LordAlfa: "I have you now" "I find you lack of faith in the indicators disturbing" LOL
11:00 koolblue: out both at 850.00
11:00 palmer: ok
11:00 koolblue: plus 1.25on each
11:01 palmer: I use to trade prop on wall st
11:01 palmer: stock though
11:01 koolblue: up 2.25 on the day
11:01 LordAlfa: In other words. PT trades for people who don't have guts to face this market. LOL
11:04 LordAlfa: The bank forex traders keeps changing watches every month. And I mean strange watches, not Panerai. Something like Ball, Lange, Patek etc
11:04 bruce9432: Your brokerage knows how well you are doing
11:04 karen: http://flooredthemovie.com/community/ this link is to a documentary that is coming out this year on trading on the floors
11:05 LordAlfa: My friend is a forex scalper. His broker like him but his boss hates him. He make money but 250K USD annually goes to the broker.
11:08 koolblue: long one from 849.00
11:20 PopStocks: this ship is sinking imo
11:21 karen: obama to speak on economy in 10 min, fwiw
11:22 PashaLV: L@47
11:22 koolblue: stopped at 847.00...loss of 2...up a quarter handle
11:23 VO: flat
11:26 PashaLV: target 49.25 stop 45.75
11:29 PashaLV: flat
11:30 VO: l @ 46.25
11:31 PopStocks: A channel I'm seeing: http://twitpic.com/3b4jd/full
11:32 koolblue: taking one off at 847.75
11:33 koolblue: hoping for 850 and change on the other
11:33 koolblue: out one at 847.75
11:34 koolblue: plus 1.25...now up 1.50
11:34 VO: flat 48.25
11:35 LordAlfa: S 48.50
11:35 koolblue: out 848.25 on the other...plus 1.75...up 3.25
11:39 LordAlfa: flat
11:39 VO: l @ 47.75
11:40 VO: offer 49.50
11:41 LordAlfa: filled
11:41 LordAlfa: stop 46.50
11:43 karen: Obama speaking now on cnn
11:46 VO: move offer to 49.25
11:46 VO: flat
11:47 LordAlfa: stop BE +1
11:47 LordAlfa: No fill for 49.50 exit
11:49 kenga: nice call vo
11:50 LordAlfa: flat +1
11:51 VO: s 1 @ 47.50
11:51 VO: stop 49.75
11:54 LordAlfa: Did you go yo church on Easter Sunday?
11:54 LordAlfa: LOL
11:55 PopStocks: you'll get it vo, this thing just has a top heavy vibe today, every candle I look at is closing near it's low
12:01 LordAlfa: KISS. Keep It Simple Stupid
12:01 prestwickdrive: dva 44.25-50.5
12:01 kenga: another great call VO
12:07 LordAlfa: 15 min intermediate down 33.50
12:08 LordAlfa: The charts speak. My wife asks "what are you doing" I just talk to the screens and say "talk to me!"
12:09 LordAlfa: She is putting her money in some other currencies and I give an estimate projection using the 60 min charts from Gain Capital
12:09 LordAlfa: She'll ask how did you know? I said the charts spoke.
12:10 VO: stop be
12:12 PopStocks: xlf about to take out days low
12:12 LordAlfa: I wished I reversed just now.
12:13 VO: 78.6 = 43.75
12:13 VO: 100 = 42
12:15 PashaLV: L@43.50
12:16 VO: flat 43.
12:20 JackS65: AdvGet chart posted 5 min
12:21 VO: if they hold here...bull gartley
12:25 VO: 1st 45.75, 49.50
12:25 koolblue: short one from 844.50
12:25 bruce9432: VO what time frame is the gartley on?
12:25 bruce9432: ty
12:25 LordAlfa: L 44.50
12:26 LordAlfa: butting heads
12:27 PashaLV: flat @ 45.50
12:27 PopStocks: see my chart up therehas that line 842.5, median from thurs
12:27 LordAlfa: stop 43.25
12:28 PopStocks: the mean rather
12:31 kenga: we have a confluence of res at 848
12:31 kenga: on 15-30 charts
12:32 koolblue: order to sell 846.50
12:33 LordAlfa: Stop BE+1 This thing's got no power. target 2pts
12:33 LordAlfa: flat +1
12:33 PopStocks: back from whence ye came spooz
12:34 LordAlfa: +10.25 for the day and getting tired and hungry
12:37 LordAlfa: And the recent candles don't show the bulls committing
12:40 prestwickdrive: singles 40.5 - 42.5 from today and 39-40 below that
12:42 PopStocks: plus the huge gap prest
12:43 VO: l 1 @ 42
12:43 LordAlfa: And my bi-cycle also suck.
12:44 LordAlfa: If you want a webspace, I can provide.
12:44 bruce9432: Would appreciate it Kool, the sooner the better
12:44 kenga: we could use the mikio on to do a conference?
12:44 VO: stop 40.75
12:45 LordAlfa: If you want to record. I can give you access to my virtual machine. You can run my Windows and record all your movement.
12:45 VO: flat
12:45 LordAlfa: kenga, we tried mikogo. The refresh is slow. I am using VMWare server.
12:49 LordAlfa: L38.75 x 3
12:49 VO: l @ 38
12:51 PopStocks: that 42.50 is now a huge resistance
12:55 LordAlfa: 33.50 n 25.50
12:56 VO: flat 37
12:57 PopStocks: 836ish is in trajectory on that channel chart I posted
12:57 koolblue: stop at 837.50...loss of 2 there
12:57 koolblue: up a quarter again
13:01 LordAlfa: stop 37.50 offer 39
13:03 PopStocks: this is a falling knife here imo
13:04 icepick: r u a good catcher?
13:04 icepick: :)
13:04 LordAlfa: stopped flat
13:05 PopStocks: xlf has another good %5 to drop
13:05 LordAlfa: +7.25
13:07 koolblue: buying 836.25
13:10 VO: bid 34.50
13:11 koolblue: trying for 845.75 now
13:12 koolblue: 835.75
13:16 icepick: kool - 4 those of us (like me) that are thick in the head - on the 1 min proj up @ 1:07 - was that negated because it was touched, or does it have to be exceeded?
13:17 JackS65: NEW AdvGet chart posted with new wave count
13:17 icepick: ok - thks!
13:21 PopStocks: not all that bouncey here is it
13:29 JackS65: Price & Vol chart posted
13:37 koolblue: CHART POSTED
13:43 PopStocks: bernanke speaking now
13:45 VO: dva low = 41.75
13:47 PopStocks: 830 MP valley where this wants to go today
13:55 koolblue: buying 837.00
13:55 prestwickdrive: ldva 39.5 / 39.75 here
13:56 PopStocks: this 161.8 extension makes a lot of sense to me: http://twitpic.com/3bby4/full
13:56 PopStocks: 827ish
13:59 Margie: 2 for 1
14:01 Margie: PT, are you long or short?
14:02 Margie: ok, thks, PT
14:05 Margie: PT are you saying a buy program goes off at 2pm everyday?
14:06 Margie: thx PT
14:07 koolblue: long from 838.50
14:11 bruce9432: porn movie?
14:11 palmer: sounds like porn
14:11 LordAlfa: Sounds like he is having fun
14:11 palmer: lol
14:11 Vast524: oops
14:12 palmer: yep bloopers
14:12 bruce9432: that is why I don't have a live mic
14:13 PopStocks: lol
14:13 LordAlfa: LOL
14:13 PopStocks: hey vast are you still out in the country?
14:14 Vast524: Unfortunately no.
14:17 PopStocks: KoolBrew
14:18 LordAlfa: Gonna get a coffee
14:18 koolblue: out one at 840.25...plus 2.75 there
14:20 PopStocks: sloppy and financials not participating
14:21 gila: intc after bell
14:22 koolblue: up 3 on the day
14:22 koolblue: looking to exit 840.75 on the other
14:23 gila: 5 billion at 123
14:23 palmer: what was that
14:23 palmer: missed out dec
14:24 koolblue: out at 840.75 on the other half...plus 3.25 there
14:24 LordAlfa: 5 min is 44.75
14:25 LordAlfa: 2 bar proj
14:25 koolblue: up 6.25 and relieved!
14:25 LordAlfa: may not getthere
14:26 PopStocks: yeah palmer they did not include the full quarter in their release, left out december
14:26 palmer: really
14:26 palmer: so they wont have a report on dec at all
14:27 LordAlfa: creative accounting?
14:27 PopStocks: here you go: http://norris.blogs.nytimes.com/2009/04/14/the-case-of-the-missing-month/
14:28 PT: Dec doesn't matter, its in the past, need to move forward
14:28 PT: think positive
14:28 PopStocks: i'll think positive when we are in a bull market
14:30 LordAlfa: last 1 min bar 44.50
14:36 Margie: Take care Kool, thanks for all you do
14:37 bruce9432: c-ya
14:37 stb: cu kool
14:41 PopStocks: 42.50 putting up a fight
14:41 PopStocks: time for this knife to fall some more
14:51 JackS65: new AdvGet 5 min chart posted
14:51 Margie: I get 3:02
14:52 Margie: Jack, thank you...
14:54 kenga: bear flag 30
15:02 LordAlfa: S 44
15:05 JackS65: Have to,pick up my grandson. All have a great evening seee you tomorrow..
15:05 Margie: take care
15:05 prestwickdrive: bye
15:06 Vast524: ty
15:07 VO: s 1 @ 43.25
15:07 LordAlfa: 2 off 42
15:07 prestwickdrive: nice vo
15:08 LordAlfa: 1 on freefall. HALO jump. High Altitude Low Opening. LOL
15:09 icepick: i'm w/ you vo - I took it on acct of S1
15:09 PopStocks: that was today's swan song imo
15:09 PopStocks: back down, close at lod, c'mon!
15:09 PopStocks: :)
15:10 icepick: but stops r tight - 41.25 or 43.00 - i'm out either way
15:10 LordAlfa: I made 4 on the last trade so I will put 2 pt stop loss and let this run
15:10 icepick: rrrrrrrrrrrrrgh
15:11 icepick: took my 43.00
15:11 gila: intc positive
15:12 PopStocks: what a stop run that was
15:12 icepick: pisses me off
15:13 icepick: my own fault though
15:13 icepick: should have your staying power pt
15:13 LordAlfa: We live and we learn
15:14 Vast524: Or like Boris heh Icepick
15:14 icepick: yep - was a free trade, anyway
15:14 LordAlfa: stop 44.50
15:15 LordAlfa: .5 pt stop loss
15:15 icepick: yeah I missed that! stepped out for a min, and missed the whole thing
15:16 Vast524: sorry vo. L@42
15:17 gila: financials improving
15:17 Vast524: 46.50 is 100%
15:18 VO: flat
15:18 gila: summers speaking
15:18 gila: live interview
15:19 LordAlfa: flat
15:19 LordAlfa: -.5
15:19 gila: finished speaking
15:22 Vast524: yep
15:22 Vast524: be
15:23 Margie: I c it, thks vo
15:26 Vast524: flat
15:26 VO: s @ 42
15:27 PopStocks: lod! lod! that's what i'm chanting over here
15:31 gila: vix down for day
15:34 VO: 1st target 38
15:37 kenga: Vo, cramer will get you in trouble listening to him
15:38 kenga: please becarefull listening to cramer and obama
15:38 PopStocks: l o d , come on!!!
15:51 LordAlfa: Because the 3 bar proj up on 15 is still valid at 47.50
15:54 Vast524: not me
15:54 VO: 1 @ 38
15:56 LordAlfa: Time for a quad quad core machine. 16 cores in total. Yeah. They should be lowering prices now.
15:56 VO: 161.8 = 35.25
15:57 LordAlfa: BTW I am short from 40.75.
15:57 VO: stop 41
16:00 PopStocks: not bad almost lod
16:00 PopStocks: let's see we got weak retail earnings today, and intel is about to report, hmmm
16:01 VO: come on ...1 time for vo
16:07 LordAlfa: ++
16:11 LordAlfa: off to sleep. I'll let ninja close this trade for me.
16:15 PopStocks: intel better than expected
16:15 PopStocks: but diving
16:17 Margie: Good night all, see you tomorrow
16:31 VO: whatda think of them apples pops
16:31 PopStocks: which apples?
16:31 karen: VO....are you short for the globex?
16:31 VO: o yeah
16:32 PopStocks: not sure what you mean vo, but I think we can have a nice down week, close near 800s eow, would be nice if we gap down tomorrow
16:32 VO: stop is 41 target 33.50
16:33 VO: as long as we hit 33.50 before 41 ill be happy
16:33 karen: I'm not short, but may watch for a chance to jump in
16:33 PopStocks: I been short since thursday and am not getting out until I see <830 min
16:34 PopStocks: max pain on spy is right at 80 btw
16:35 VO: oops there goes lod
16:35 PopStocks: 'bout time
16:36 karen: is some of this weakness due to Intc earnings?
16:37 VO: im sure thats what the media will report, but the truth of the matter it was just "time" for us to retrace
16:37 PopStocks: not sure, intel's earnings were in line
16:37 PopStocks: agree vo
16:38 PopStocks: but maybe some more longterm investors are not impressed with intc, who knows
16:38 PopStocks: as long as eurasia flops overnight we'll be down in the 830's tomorrow
16:39 VO: gonna grab another beer, who needs 1?
16:40 PopStocks: no thanks, too early for me
16:40 karen: I'll have a grey goose martinin with a twist
16:40 VO: 2 olives
16:41 PopStocks: I could go for a bloody marry
16:44 kittste: Does anyone here use Mirus Futures??
16:46 PopStocks: nah, I use amp
16:46 VO: I do
16:46 PopStocks: but not trading futures these days, having more fun with options
16:46 PopStocks: woohoo, ES tanking
16:46 kittste: I was just wondering if there is anything to stop me opening and funding an account but not making any trades.
16:46 PopStocks: 800 by tomorrow?? : )
16:47 VO: dont think so
16:47 kittste: I want to use the datafeed and keep demoing
16:47 kittste: OK
16:47 kittste: thanks
16:47 PopStocks: You just want futures data?
16:47 VO: do they cut u off after awhile?
16:47 kittste: Yes
16:47 kittste: I'm using the one month free demo at the moment
16:47 PopStocks: thinkorswim.com , you can get a free demo account without funding, has futures data
16:48 PopStocks: I do not suggest them for futures trading though, only good for stocks and options, but their futures data is fine and free
16:48 VO: I know somebody that has been using the demo for seversl months
16:49 kittste: I'll look in to think or swim. I like Ninja Trader though, so I was going to try and stick with Mirus
16:49 VO: cant trade equities with mirus
16:49 VO: they a futures shop
16:52 VO: most of the futures shops are setup with NT...u could just keep demo'n with the different shops if mirus pulls the plug
16:53 kittste: Thanks for the info. Maybe I'll see if I can string out my Mirus demo for a few months first then.
16:55 VO: im hardheaded but not dumb...moving stop to 38.25...globex high
16:57 PopStocks: I trade options with no stops, just hedge and use common sense
16:57 PopStocks: so far only 1 loss out of past 15 trades or so, since I started getting back into options, been doing great
Wed. April 15th

08:16 akola: nice trade LA
08:17 akola: I was short from 41.50 and I knew it would go to 35 but I got out ealry @ 39
08:17 LordAlfa: Was on auto pilot. Didn't look at it. If it was a loss, it'll be 6 else I gain 6. 1:1
08:17 akola: man 4 pts miss
08:17 LordAlfa: Ninja closes from me at 1613 all trades. Don't want to incur those charges
08:19 LordAlfa: we still have an outstanding up proj to 44.50
08:19 akola: go 38 so I can get out
08:19 akola: really
08:20 LordAlfa: If this abc is valid and holds here and not go down further, 100% extension is 45.75. So it sort of a confluence
08:20 akola: ok
08:22 akola: I was looking @ H&S and neckline has been touched twice but who knows
08:22 akola: 8 mins to go
08:22 akola: go baby
08:23 LordAlfa: stop 34.75. This is a tight stop.
08:24 LordAlfa: This is working out to be a very good R/R
08:25 akola: to learn abt dragon pattern go to elitetrader technical analysis
08:25 akola: its a good pattern invented by pakelo
08:27 akola: out @ 37
08:28 akola: I think it fails @ 38.50
08:29 akola: confirmed from ET
08:30 LordAlfa: Still in the trade. I'll ride this. Besides, my loss is 0.5
08:36 akola: if it breaks 35 I will go short
08:38 LordAlfa: I'll move my stop after it breaks 39.75
08:46 LordAlfa: stop 36
08:54 LordAlfa: flat
08:57 LordAlfa: It wants 34
09:16 prestwickdrive: rotton IPI #
09:17 LordAlfa: 5 min down proj 32.50
09:18 LordAlfa: strong support at 33.50
09:19 LordAlfa: L 33
09:20 prestwickdrive: singles 32.25-34 filling
09:20 prestwickdrive: 827 sq 9
09:20 LordAlfa: Damned made a buy without my ATM strategy. have to do a manual sell stop
09:23 prestwickdrive: next eco events (CT): crude inv. 9:30, NAHB index noon, beige book 1:00
09:32 bruce9432: y
09:33 LordAlfa: stopped
09:33 LordAlfa: -1
09:34 PopStocks: this is the data I just mentioned; http://www.nyxdata.com/nysedata/Home/InformationProductSummaries/VolumeSummary/tabid/406/Default.aspx
09:34 PopStocks: very useful imo
09:37 gila: pc extreme means everyone is short
09:38 VO: bull butterfly setsup at the 30ish level
09:38 LordAlfa: flat
09:41 VO: s @ 33.50
09:41 VO: stop 35
09:42 karen: gm
09:42 VO: 35.25 iss stop
09:43 VO: flat
09:50 akola: IH$S ?
09:51 akola: I am looking @ goog chart and there is some -ve div on daily chart
09:52 akola: Plus double top
09:56 akola: if goog fails min 50 pt hair cut is possible
10:01 koolblue: short one from 838.00
10:03 gila: russel now pos
10:03 LordAlfa: S 39.50
10:03 gila: smh down 3%
10:04 VO: s 1 @ 39.50
10:04 prestwickdrive: 40.25 fills gap
10:10 LordAlfa: stopped
10:10 prestwickdrive: 841 sq 9
10:15 prestwickdrive: 15 min to 45.25 off 30.5, 80% to 45.5
10:15 prestwickdrive: 31.5, not 30.5
10:16 PopStocks: yep
10:19 koolblue: whew! almost got crushed there! out at b.e. on my short
10:19 VO: flat 38.75
10:26 LordAlfa: S 39.50
10:30 LordAlfa: flat BE +1. Don't like it.
10:31 koolblue: long one at 835.25
10:32 koolblue: oops ...thats 838.25
10:37 LordAlfa: shouldn't have chickened
10:38 gila: no bec xom etc goes down
10:50 koolblue: short one from 838.00..looking for 833.25..will exit a handle higher
10:51 LordAlfa: I hate myself for that chicken
10:52 koolblue: out at 835.75...plus 2.25
10:57 PopStocks: this could be a nice bullish abc here
11:00 LordAlfa: Big fish eat little fish
11:04 LordAlfa: Whoa! that is 1 mean 1 min candle
11:05 LordAlfa: 832
11:08 koolblue: buying 833.50
11:12 palmer: yep very negative on gold
11:13 LordAlfa: What gold needs is a bear equity market
11:15 PopStocks: http://www.seasonalcharts.com/classics_sp.html
11:17 LordAlfa: KB are you filled
11:18 koolblue: no ...im an idiot... lowered my entry to 833.25!!!!!!!
11:20 LordAlfa: Consolation. You will not get filled
11:20 icepick: i'm in from 4.25
11:20 Margie: I m still long
11:21 bruce9432: I was tending to my bacon and eggs
11:21 gila: gs getting stronger
11:21 kittste: I've just got home from work
11:21 PopStocks: I'm jjust holding out to get back in short at a better price > 45
11:22 LordAlfa: My order was at 32.50
11:22 icepick: out 6.25 + 2
11:22 Margie: out 6.75, still holding 1
11:22 Margie: yes
11:22 icepick: we're listenin' kool !!
11:22 einstein: I was listening Kool, took +2
11:23 icepick: keep talkin' - we just don't type too quick
11:26 icepick: at least I don't !
11:31 Margie: im still in
11:32 Margie: not me
11:32 Margie: 34.75
11:32 PopStocks: 845 Margie, keep your eyes on the prize : )
11:32 jimmy: long?
11:32 Margie: it is
11:33 Margie: give me the order, ill cook it up
11:33 PopStocks: theres a 161.8 projection from this bullish abc saying 848ish
11:35 Margie: its at 35.75
11:35 LordAlfa: yep. best practice
11:35 Margie: im taking it at 41.5
11:36 jimmy: doit
11:36 LordAlfa: Yeah. don't make the "hit till bloodied" and no fill syndrome.
11:37 Margie: :) no problem
11:37 LordAlfa: Make mine a Bloody Mary
11:37 palmer: how do I order Margie?
11:37 Margie: just tell me and Ill fedex
11:37 palmer: I will take Water :)
11:38 icepick: jameson's on the rocks, and a Guiness, please
11:38 Margie: that water can be expensive
11:38 Margie: ahh Guiness
11:38 palmer: I will take a guiness or heineken then
11:38 icepick: breakfast of Champions!
11:39 LordAlfa: Have you huys had a Singapore Sling?
11:39 Margie: whats that LA
11:39 jimmy: double top
11:39 LordAlfa: potent **** from the Raffles Hotel
11:40 LordAlfa: I tried B52 when I was in the army. I don't remember the night.
11:40 icepick: Gin, sweet + sour, OJ, Creme deNoya
11:40 icepick: with a cherrry
11:41 icepick: + 7up
11:41 LordAlfa: B52, 1 shot of whiskey dropped into jug of beer and you see the "mushroom" drink it down in 1 go. Great for break-ups.
11:42 karen: opex effects
11:42 Margie: LA, Ive done that
11:43 LordAlfa: Don't remember anything afetr the nuke
11:44 Margie: I'll leave my stop and see if I can get it
11:45 Margie: no I showed 33.50 as my proj
11:45 Margie: Then I waited for a close to get in
11:47 gila: is obama speaking today
11:47 LordAlfa: L 37.25
11:47 Margie: obama in 7 min
11:47 LordAlfa: Nooooo!
11:48 gila: thx
11:49 bruce9432: T party
11:50 gila: gs up 2.6%
11:50 bruce9432: Sean Hannity?
11:50 Margie: Ive been to Woodstock
11:50 Margie: just a field now
11:51 bruce9432: Yazgur's farm
11:52 LordAlfa: flat
11:52 bruce9432: Should have stuck to that plan
11:52 kenga: wow!
11:52 JackS65: New AdvGet chart posted
11:52 kenga: you were making 45k per year
11:55 Margie: eminem
11:55 bruce9432: Ford Rouge factory, dirt (iron ore) goes in one end and cars come out the other
11:56 LordAlfa: I was born in 1968
11:56 LordAlfa: We have racial riots here at 1968
11:56 bruce9432: Look up Detroit in the urban dictonary
11:57 parson: My computer site is down. What is the quote on ES, please?
11:58 bruce9432: Hemicuda
11:59 bruce9432: California, pot is defacto legal
11:59 parson: anybody have a quote on ES?
11:59 Margie: 840
11:59 bruce9432: Kool, that was Texas
11:59 parson: tnx
11:59 Margie: yw
12:00 gila: gs hod
12:00 LordAlfa: Here. If they'd legalize pot. They will put duties on it.
12:00 Haku: the MJ special on CNBC was pretty interesting. Let's all move to Mendocino
12:01 Margie: 36.75
12:01 bruce9432: Pot days are over, people are looking for it on Google Earth
12:01 LordAlfa: Yeah in Thailand
12:02 Margie: This is an experiment in patience
12:02 Margie: darn
12:02 LordAlfa: 37.50 should be thenext stop
12:03 bruce9432: CA has 10% sales tax
12:03 JackS65: AdvGet chart posted with NEW wave count
12:04 Margie: thank you Jack
12:04 LordAlfa: Here 21% for the maximum 166.66K USD, 7% sales tax. But there are other "unseen"
12:04 LordAlfa: Our ministers are the highest paid for managing 6M people.
12:04 LordAlfa: Highest in the world.
12:07 Margie: Kool, you started this whole thing
12:07 Margie: 5 second trader
12:07 Margie: Kool, VO, PT, you are due a world of thanks
12:09 bruce9432: Danger Will Robinson
12:09 bruce9432: I was in another chat and didn't know the moderator could see all the PMs, needless to say not in that chat anymore
12:10 Margie: no, Im getting greedy now
12:10 karen: lol bruce
12:10 LordAlfa: LOL. Watch it. Where is your stop.
12:10 Margie: see if they break the high
12:10 Margie: 41.75 and then take proits
12:11 Margie: no going higher
12:11 LordAlfa: stop at 39?
12:11 Margie: not at 39 yet
12:12 prestwickdrive: 841 sq 9
12:12 LordAlfa: below pt and kools avg
12:13 kenga: trying long
12:14 Margie: I have an old proj not negated at 45.25
12:14 icepick: i'm looking at 43.75 - 44.50
12:16 icepick: my analysis is not nearly as good as yours vo - don't listen to me! :)
12:17 PashaLV: s@40 to 38
12:17 icepick: there's a 15 min proj @ 43.75 / PP is 44.66
12:18 koolblue: long from 839.00
12:20 koolblue: will exit one at 84.075
12:21 koolblue: plus 1.75...up 4 now
12:22 Margie: they stopped at the high so far
12:22 LordAlfa: one of those days
12:22 Margie: im still long going for 43.75
12:23 LordAlfa: double top
12:33 bruce9432: I admire anyone that can understand Gett
12:35 icepick: cycle low here fwiw
12:36 PopStocks: also where that 3 day h&s cycle low projects to
12:44 JackS65: Price & Volume chart posted
12:46 PopStocks: Margie, nice staying power, I would have gotten bored by now
12:46 Margie: flat 41.50
12:46 prestwickdrive: nahb in 13 min
12:46 Margie: ty
12:46 Margie: 34.75
12:46 icepick: nj margie
12:47 PashaLV: flat
12:53 LordAlfa: S 43.50
12:53 LordAlfa: 42.50
12:53 koolblue: short one from 842.50
12:55 VO: 1 @ 43
13:00 PopStocks: which company prest?
13:01 koolblue: stopped at 844.25...
13:01 koolblue: now up only 2.25
13:02 icepick: Piss off ES - had order @ 44.50 - NO fill
13:02 LordAlfa: 1 off at 41.50
13:03 kenga: that was the pivot Icpick
13:03 kenga: you have to give up a half sometimes to get filled
13:04 icepick: yep - shoulda got in at 43.75 like I was thinkin' earlier
13:05 kenga: that happens I see
13:05 kenga: alot
13:05 kenga: thats why I usually give a half near the pivots
13:05 bruce9432: Daily Pivot 844.67
13:05 kenga: because maybe everyone is expecting to short it
13:05 kenga: yes
13:05 kenga: weekly I took a long from
13:05 kenga: 836
13:06 kenga: and a long from this morning 831
13:06 kenga: pivots
13:06 kenga: http://www.mypivots.com/dn/?symbol=166
13:06 PopStocks: xhb
13:06 kenga: weekly is 836.42
13:07 Margie: "all banks expected to pass stress test", yeah right!
13:08 PopStocks: even if they did, stress test isn't all that important, new placing way too much emphasis on it imo
13:08 icepick: it's only their depositors that can't :)
13:19 VO: flat 40.50
13:20 koolblue: out at 840.75...plus 1.5 there..now back to plus 3.75
13:21 Vast524: cya
13:21 Margie: bye 4 now, Kool
13:36 PopStocks: I've got a resting order to get back into my puts at SPY 85.20
13:40 PopStocks: Thought you all may find his handy, free realtime intraday, browser based, for those of you that have futures only feeds, may be useful to you: http://www.bestfreecharts.com/
13:42 borrisM: sorry
13:42 LordAlfa: Still short from 42.50
13:44 kenga: l 38.75
13:46 LordAlfa: stop 42.25
13:46 LordAlfa: 38.25 intermediate. will bounce here
13:47 LordAlfa: 2 projections for 36
13:47 prestwickdrive: beige book at top of hour
13:47 borrisM: ok I check
13:48 LordAlfa: If we use 2 bar on 15 min gives 32. Looks like a retest
13:48 LordAlfa: Just like the test at 44.50
13:49 borrisM: ok fixed now
13:53 LordAlfa: 78.6=35.75
13:53 LordAlfa: 36 is also the 1 min whole move proj
13:53 VO: l 1 @ 37.50
13:53 LordAlfa: stop 39.75
13:54 LordAlfa: target 36.25 and reverse
13:57 John: Beige book in 3 minutes.
13:58 Vast524: l@38
13:58 Vast524: Well it is there. Need to take it
13:59 jimmy: I thought they have green book
13:59 Vast524: 38 close was for me
13:59 Vast524: 100% is 848.25
14:00 Vast524: Thats a long way. gulp
14:00 PopStocks: In case anyone gives a crap what I think about more long term,,,, http://traders-talk.com/mb2/uploads/monthly_04_2009/post-8622-1239758820.png
14:03 kenga: long is finannly working
14:03 kenga: I thought I was going to get stopped
14:03 LordAlfa: stopped
14:03 VO: flat 40.50
14:04 Vast524: flat 41.25
14:05 Margie: good job
14:05 Vast524: ty
14:05 Vast524: take the money and run
14:05 kenga: ill try to hold to 846
14:05 Vast524: you mean
14:05 LordAlfa: vast 48 is possible, 15 min whole move above 54
14:05 LordAlfa: nett 3.5
14:06 LordAlfa: And tired
14:12 Vast524: Did anyone get a copy of the Mark Douglas video? The link was posted a few weeka back. The link seems to be dead now
14:13 VO: gap 41.50
14:16 karen: prestwick...do you have the developing va's?
14:17 kenga: very nice!
14:17 kenga: I stopped on 3 took profit on 3
14:21 VO: l 1 @ 36
14:21 LordAlfa: buying 35.25
14:22 palmer: buying 35.25
14:22 LordAlfa: 1 ticked. I guess
14:23 palmer: think we goign to miss it LA
14:23 palmer: VO had the right plan
14:25 palmer: 5 and 15 saying 34.75
14:25 palmer: yep
14:25 palmer: and 1 is 35
14:25 palmer: yep
14:25 gila: gs dropping
14:25 gila: nas near lod
14:26 palmer: no fill
14:26 palmer: hehhee
14:26 palmer: if we goto 37 I cancel
14:28 LordAlfa: Buying bid 36
14:29 LordAlfa: L 36
14:29 LordAlfa: palmer. are you filled
14:29 palmer: filled
14:29 palmer: 35.25
14:29 LordAlfa: should have waited.
14:30 palmer: 33.50 stop
14:30 palmer: keepiong this one tight
14:32 palmer: b/e stop here
14:32 palmer: 3i am looking for 39
14:34 VO: stop 34.50
14:35 LordAlfa: 5 min bar proj 42
14:35 JackS65: AdvGet chart with New Wave count
14:37 Margie: jack, ty
14:40 palmer: stoped out b/e
14:40 VO: flat
14:45 icepick: fwiw i'm looking at a cycle low right here
14:46 PopStocks: back up we go I think, financials are a stick in the mud, not being pulled down
14:51 PopStocks: 847 eod imo
14:51 PopStocks: by eod
14:52 PopStocks: xlf has a card up it's sleeve
14:54 gila: jpm announces tom
14:55 VO: s 35.50
14:55 VO: stop 37.50
14:59 VO: f me
15:02 VO: flat
15:04 LordAlfa: They came 1 tick of stopping me 3x
15:04 VO: they should have stopped u on the last 1
15:05 LordAlfa: stop at 34
15:05 PopStocks: nice long op here now
15:06 LordAlfa: They came34.25 for 3 times and defended
15:06 bruce9432: Just caught that "f me" lol
15:08 gila: gs jpm hod
15:12 PopStocks: see now 38 is a great stop
15:12 PopStocks: like I was saying
15:13 PopStocks: 47 here we go
15:15 PopStocks: getting a lil cycle saying 3:25 high
15:15 Margie: See you all tomorrow, take care, and good luck
15:16 Vast524: cya
15:18 LordAlfa: 1 off 41.25
15:19 PopStocks: excellent management man
15:20 LordAlfa: Thanks. The beginning was nerve wrecking. Came so close to stopping me.
15:21 LordAlfa: Thanks VO, PT.
15:21 palmer: good one LA
15:24 palmer: I sucked b/e on ythat one
15:26 LordAlfa: stop 39.50. The classic intraday pivot is good resistance.
15:27 Vast524: 15min is around 851 I believe
15:27 LordAlfa: 10 mins of pushing up.
15:28 Vast524: 52
15:29 Vast524: You have the cops out teh front VO. Stealing to much money from CME. :)
15:36 LordAlfa: resistance at 42 is really stiff
15:40 LordAlfa: 3rd target 44.25
15:41 LordAlfa: stop 41
15:41 LordAlfa: flat
15:41 LordAlfa: S 44.75
15:41 PopStocks: nice
15:41 PopStocks: a lil early on short imo, but you can afford to be after that : )
15:41 LordAlfa: Thank you Thank you.
15:42 palmer: OMG
15:42 palmer: 1 ticked
15:42 palmer: again
15:42 palmer: 45.25
15:43 palmer: oh rats
15:43 palmer: again
15:44 LordAlfa: Tight stop 45.75
15:44 palmer: I will take that advice tomorrow
15:44 palmer: with the 2 ticks
15:44 LordAlfa: +19 Thanks to you
15:45 LordAlfa: PT Vo and Kool(absent)
15:45 PopStocks: you can thank me for calling 845 at 10 this am :)
15:45 PopStocks: jk
15:48 palmer: wow one ticked twice today onthe 15mins
15:49 palmer: targets
15:49 palmer: oh well
15:51 PopStocks: 47 , need new shoes
15:51 LordAlfa: Must ne expensive Italian shoes
15:52 LordAlfa: stopped.
15:52 Haku: did we do a crab?
15:53 VO: no
15:55 karen: VO...are you going to trade globex?
15:55 PopStocks: long spy may 82 puts 8.15
15:55 PopStocks: 2.15 rather, avg fill price
15:56 VO: might karen
15:56 LordAlfa: going for 51
15:56 karen: I'll keep you company
15:57 VO: s @ 49.25
15:58 palmer: wow
15:58 palmer: what happened
15:59 PopStocks: nice entry vo
15:59 PopStocks: what a cool day this was
16:01 VO: great karen
16:01 gila: tbearish trin
16:07 PopStocks: happy I was able to jump out above breakeven this morning and get back in at close here, if we are up tomorrow i'll add to puts
16:07 karen: I'm flat...but will look for possible short after mkt reopens
16:09 PopStocks: I feel real good about being short at close here
16:09 palmer: when is GOOG earnings
16:10 PopStocks: cya l.a.
16:11 Haku: Bye, all... Happy Tax Day!
16:12 karen: lol PT
16:12 karen: take on for the team
16:12 karen: on=one
16:13 palmer: where is your stop
16:13 palmer: wher eis it
16:13 palmer: where is it
16:14 palmer: well we can't join in
16:14 palmer: :)
16:19 Vast524: http://www.trading-naked.com/video2/MD.htm Is the link to a new version of the Mark Douglas video
16:22 karen: thks vast
16:35 karen: rofl
16:35 karen: naw
16:37 karen: because we're in a bull market now, haha
16:37 karen: 49.50
16:37 karen: 1 tic above you
16:38 karen: and my stop 1 tic above PT's
16:38 karen: lol
16:39 karen: I'm with VO...would like that too
16:39 karen: 845.75 was value area high
16:39 karen: from yesterday's trade
16:44 VO: vah for today = 42.25
17:20 Vast524: Well I'll catch you later. Have a good globex. Too bad PT bought in. lol
17:24 stb: thanks pops
20:27 VO: im trying to make a mess of things...i added 55, sorta by mistake but never the less avg at 52.25
20:28 VO: if I can work myself back to be ill bail
20:31 VO: for u plsing at home this is kools gimme
20:32 VO: I haven't seen it not work...hope this isnt a first
20:40 VO: 52.75 is good enuff for me...small loser
20:40 VO: I already have order at 58.25 to sell if they can get it there
20:43 VO: change order to 59.25
22:18 Vast524: What news came out at 10pm?
22:22 VO: not sure vast...but it sure pisses me off that I bailed at 52.75
22:23 Vast524: Seems very unusual for it to plummet 8pts in a few minutes
22:23 VO: u short?
22:23 Vast524: Nope. Once I new PT was in I chickened out. lol
22:24 VO: makes sense...
22:24 VO: hes bad luck with globex
22:24 Vast524: I feel sorry for teh guy. He really has no luck with it. He would have got stopped again I would think
22:25 VO: reming me not to talk him in to anymore globex trades with me
22:25 Vast524: lol
22:25 Vast524: I don't think there will be a problem with that anymore
22:26 VO: not sure...poor fella doesnt give up easy
22:27 Vast524: Can't find any news, but seems really odd at the hour it just dropped 4.5pts 1667 contract went through in the minute
22:28 VO: once the stops hit it gets quick
22:28 Vast524: Still some volume going through now.
22:29 VO: yup...globex usually has a few hours where it moves...esp. of late
22:32 VO: thing about globex is when it actually moves you get stops hit that makes the moves sharp and quick
22:33 VO: and then you watch paint dry the rest of the time
22:34 Vast524: lot sizes of 44 an d49 seem popular
22:35 Vast524: Well I am going to try and get some sleep. Good luck if you get short VO.
22:35 VO: laters
22:41 PopStocks: hey
22:42 PopStocks: vo, you called that crash alright
22:43 PopStocks: just forgot to mention it started at 855 : )
22:45 John: VO, it was the Chinese GDP report.
22:47 John: Funny, it was better on all counts, too. I guess they priced in a blowout...
22:48 PopStocks: china was being criticized of doing something funky with their currency too, forgot the particulars
22:48 PopStocks: event:url=http://tinyurl.com/c7u9ut
22:49 PopStocks: that doesn't say it was better on all counts
22:49 PopStocks: for the sake of my puts I hope they can drag this down < 830, thatid rule
22:56 VO: well pops I added at a beautiful price and then bailed for a small loser right when that pop happened
22:58 LordAlfa: Pop it might. 15 min whole move projects 829.25
22:58 LordAlfa: we still have that 25.50 outstanding
22:59 PopStocks: why I can't trade globex vo
23:00 LordAlfa: current 15 up proj 51.50
23:00 PopStocks: if this can gap down it will create an amazing panic sell me thinks
23:00 LordAlfa: Let's see what the European crowd will do at 3am.
23:02 PopStocks: theres some semi companies and nokia and jpm before the bell
23:03 LordAlfa: Nokia earnings will be down. My bet. I worked there for 11 years. The new mobile kid is RIM.
23:04 PopStocks: if intel didn't do all that well can't imagine farchild will either
23:04 PopStocks: tech was laggard all day today too
23:04 PopStocks: so maybe tech can through a spanner in whatever "great news" jpm wants to dish out
23:10 PopStocks: throw
23:10 PopStocks: gettin late, takes me 10 minutes to find my typos
23:37 LordAlfa: S 51.25
23:40 PopStocks: where's your stop?
23:40 LordAlfa: 2pt stop. 53.25
23:42 LordAlfa: 1 min down proj 49.25. I'll get out at 49.50
23:43 LordAlfa: flat
23:47 PopStocks: next stop 44 imo
23:51 LordAlfa: I am taking a 2 bar on the 15 min
23:52 LordAlfa: Yes a pause at 44
23:52 LordAlfa: We made a lower high. So this thing is going down.
23:53 PopStocks: fully
23:53 LordAlfa: until 3 am where the Euro crowd comes into kick this thing again.
23:53 PopStocks: it's all air up here
23:54 LordAlfa: I'll buy 46 for another scalp
23:56 LordAlfa: 1 min proj 46.50
23:57 LordAlfa: missed it. canceled
04:07 LordAlfa: 15 min proj. 840 met. L 40.50
04:12 LordAlfa: 5 min proj up 42.75, 15 min proj up 43.50, 1 min proj up 41.50
04:28 LordAlfa: flat 42.50
Thurs., April 17th

08:03 palmer: morning
08:07 akola: H&S pattern on 1 min chart
08:07 akola: lets see if it breaks 42.5
08:22 Margie: good morning everyone, 8 min to housing starts and jobless claims
08:25 jimmy: Good morning all
08:28 palmer: look like they pushing us up to sell it
08:34 zap: gm all :)
08:34 zap: watching to short at 55.5
08:43 palmer: looks toppy here
08:44 zap: I'm trying to short 55.5 palmer
08:44 zap: if it gets there
08:45 palmer: I shorted 53.75
08:45 palmer: will add
08:49 prestwickdrive: pit session gap to fill at 54 from 4/14
08:54 prestwickdrive: 856 sq 9
08:58 akola: triangle formation on 30 and 15 min chart
08:58 akola: 30 min is bearish while 15 min is bullish
08:59 akola: sh 1 54.50 and stop 57.5
09:07 akola: out
09:09 zap: why did you get out Akola ?
09:23 akola: did not like the action
09:23 akola: there is - ve div on 5 min but + ve on 30 min
09:25 akola: while dow and nasdaq moving downwards SP is staying flat
09:29 zap: ok
09:34 palmer: looking to cover 52
09:35 palmer: 53.75
09:35 VO: l @ 52.75
09:35 palmer: out
09:36 palmer: +1.75
09:40 PopStocks: there's mostly air all they way down to 45 here
09:40 zap: short order placed @ 56
09:43 VO: flat 50.75
09:44 VO: buying 48 ish
09:46 PopStocks: if 45 fails, think we will see 36 easy
09:47 PopStocks: back in a few
09:48 VO: l @ 47.75
09:55 VO: 1 @ 49
09:58 VO: stop be
10:00 VO: flat
10:01 VO: L @ 49
10:02 VO: stop 47.25
10:04 VO: flat
10:05 PopStocks: wants 45 min
10:06 palmer: interesting pop
10:07 palmer: well VO - did you sleep lol
10:07 palmer: 45 mins
10:07 palmer: lol
10:07 Robin: morning PT :)
10:08 Robin: morning everyone :)10:09 palmer: getting that 838.75 projection on the 5 and 15 min
10:11 VO: I get 40 for the 15m
10:14 zap: shorted 49.5, out 1st + 2.5, 2nd target 844
10:14 PopStocks: nice zap
10:14 zap: thx
10:14 zap: all I trade are floor pivots
10:18 PopStocks: so you just write down all the numbers that seem popular?
10:18 You have a PM from PT
10:22 zap: my software auto draws them
10:22 PopStocks: interesting
10:23 PopStocks: so it's pivots based off volume i'm guessing, similar to MP?
10:23 zap: based on the standard formula, hlc/3
10:24 PopStocks: oh
10:24 PopStocks: so just regular old pivots then
10:24 PopStocks: gotcha
10:24 zap: yep
10:25 zap: BTW, stopped out BE on 2nd
10:26 zap: trying to 49.5 again
10:26 zap: short 49.5
10:28 PopStocks: it wants to break here, but not sure where, down more probable though
10:28 PopStocks: a shoot down to 42 would be nice
10:31 VO: 5m says 51 minimum
10:31 VO: 2 bar says 54.25
10:31 karen: opex tomorrow, makes for a noisy whippy trade
10:32 PopStocks: yep, opex, and SPY max pain at 80
10:33 VO: 51.25 is 1st for abc
10:40 PopStocks: http://twitpic.com/3eh39/full
10:41 zap: out 1st +2.5
10:42 PopStocks: zap, you are muted in the mumble server, do you want to unmute yourself to hear us??
10:42 akola: iH&S on 1 min chart
10:42 akola: IHS
10:43 zap: not right now Pop, I'm multi tasking but thanks !!
10:44 mrg22: dow breaking 8k
10:46 zap: out 2nd +4.5
10:46 Robin: morning Kool :)
10:46 palmer: gm Kool
10:46 Margie: good morning
10:46 Haku: gm
10:47 PopStocks: for the record, I said 836 this morning, well actually 865 or 836, looking like 836
10:49 PopStocks: p.s. anyone who wants to track equities that doesn't have it through broker: bestfreecharts . com
10:52 zap: will short 48
10:52 PopStocks: nice zap
10:52 PopStocks: that would be the top line of this triangle we broke
10:53 palmer: welcome Zap
10:54 zap: hi palmer
10:54 PopStocks: man, cool is like the encyclopedia of technical indicators, hahah
10:57 zap: Pop, 48 would be the 61.8 fib retrace
10:59 PopStocks: I don't trade pivots because I prefer MP, but if you are disciplined with pivots they will make money.... http://www.verticalsolutions.com/notes/simple_pivot_system.html
11:00 zap: I'm + 9.5 on 2 pivot trades today
11:05 koolblue: short a couple from 846.25
11:05 koolblue: taking one off here
11:05 koolblue: out one at 825.25...plus one
11:12 zap: correction, 61.8 fib is 847
11:12 koolblue: covering b.e. on the other
11:21 PopStocks: just watching jpm here and it is not participating in any up bounce
11:23 kat: kool, is 849 the 15 min projection up?
11:24 zap: short 47.5
11:24 kat: ok thanx
11:24 kat: and 50% of the entire days move
11:30 palmer: must be market orders
11:30 palmer: PT - 5 min histogram
11:30 VO: s @ 48.25
11:30 palmer: u u wathcing
11:31 koolblue: short one at 848.25
11:39 koolblue: still short one at 848.25...adding one at 849.50
11:40 koolblue: short avg price of 848.75
11:44 Server off-line 11:44:30 Please wait.
11:44 Server on-line 11:44:59
11:45 PopStocks: http://twitpic.com/3ekcu/full
11:46 Server off-line 11:46:44 Please wait.
11:47 Server on-line 11:47:10
11:47 koolblue: stopped at 851.25...loss of 2.5 on both...down 4.5 now
11:48 Server off-line 11:48:41 Please wait.
11:49 Server on-line 11:49:43
11:50 Server off-line 11:50:51 Please wait.
11:52 Server on-line 11:52:37
11:54 koolblue: selling 850.50
11:57 zap: short 50.5
12:06 koolblue: exited one at 849.50...plus one there ..holding for 848.50 on the other
12:09 koolblue: down 3.5 now ...final exit at 848.75(i hope)
12:11 VO: flat 51.75
12:12 koolblue: stopped at 852..loss of 1.5 there...down 5 now
12:15 palmer: 20
12:24 palmer: short 850.50
12:24 palmer: 53 stop
12:25 koolblue: long here
12:25 VO: bid 49
12:26 palmer: out +1
12:26 Margie: Anyone watching CNBC they are counting down to a FM Halftime report, what is that?
12:26 palmer: FM=Fast money
12:26 Margie: theyve never counted it down before
12:28 jimmy: its on every day same time
12:29 Margie: usually they count down FOMC, unemployment.. what the heck
12:29 zap: out + 1 on 2
12:30 zap: that was a long hold
12:31 zap: Margie.. this is nothing more than my personal preference but I never watch news while I'm trading or after for that matter
12:31 VO: move order to 48.50
12:31 zap: especially shows like FM, Cramer, etc
12:31 zap: I can't believe my keyboard will even type the word Cramer *LOL*
12:32 Margie: I just keep it on mute to see when Obama comes on or when the news is coming or earnings. JUst glance at it every once in a while its behind me so not disturbing me
12:32 Haku: do we know where Dylan Ratigan went to?
12:32 zap: cool beans
12:33 zap: is Dylan gone ?
12:33 Margie: Dylan gone, yes
12:34 palmer: I wonder if dylan goign back to bloomberg
12:34 bruce9432: watch Bloomberg over internet feed (no commercials)
12:34 palmer: ABC?
12:34 palmer: nope DEF
12:34 TraderX: dylan was sharp. I liked him, I thought he made the show
12:34 palmer: maybe he goes to FOX
12:34 palmer: they need the help
12:35 parson: Hear he had conflict w/ some producer; certainly not popularity problem..
12:35 zap: I thought Dylan was arrogant
12:36 palmer: dylan is great
12:36 palmer: only one who seem to know his stuff
12:36 palmer: the rest are a bunch of morons
12:36 Haku: :o))
12:36 zap: surely he won't go to Fixed News
12:37 TraderX: http://www.nytimes.com/2009/03/28/business/media/28cnbc.html
12:37 palmer: not fox news, fox business channel
12:37 zap: I have watched it hoping K. Fine would have a wardrobe malfunction
12:41 icepick: yeah kool - even though volume seems to be above avg
12:49 koolblue: covered one at 852.25...plus 2.75...now down 2.25
12:49 PopStocks: will add to short if 855 hit
12:54 koolblue: out at 853.00...plus 3.5 on that half.. now up 1.25 on the day....yipppeee!!!
12:56 koolblue: selling 854.50...for a quick scalp...one only
12:56 VO: s @ 4.25
13:02 zap: bad day for me cool, -6, +2.5, +7, -8, +2... -2.5 for the day
13:02 zap: meany Kool
13:02 zap: I meant Kool
13:03 zap: can't trade or type
13:03 palmer: short 54
13:03 zap: will short 56'ish
13:04 zap: maybe not , $TRAN broke thru 3000
13:05 VO: huge tick div
13:05 koolblue: short from 854.50
13:05 PopStocks: I want it to pop up above 55 so I can add to short, but not sure if it will.....
13:05 koolblue: chart posted...private room
13:07 zap: thx Kool
13:10 Margie: Vast, thanks for the new link to the M. Douglas video
13:11 VO: flat 52.25
13:11 PopStocks: adding to puts here, filled
13:11 palmer: out 52.50
13:11 koolblue: out at 852.75...plus 1.75 there...now up 3 on the day
13:14 palmer: 836?
13:15 PopStocks: yeah palmer 836
13:22 Vast524: l@53
13:24 koolblue: CHART POSTED...PRIVATE ROOM
13:27 jimmy: which room is private,and how can I accessthat
13:27 Vast524: flat. Looking to go short
13:28 kenga: jimmy is that you from atlanta?
13:29 jimmy: no I am from oakbrook illinois
13:31 zap: hey Kenny
13:32 VO: s @ 53
13:32 Vast524: s@53.25
13:33 VO: stop 54.25
13:33 koolblue: short from 853.25
13:33 koolblue: will exit 851.50
13:35 Vast524: BE
13:35 koolblue: out at 851.75...plus 1.5 there ...up 4.5 now
13:37 Vast524: 100% is 50.75
13:37 Vast524: ok
13:37 palmer: yyep 836
13:37 palmer: :)
13:38 VO: 1 @ 50.75
13:38 Vast524: 1 of @ 50.75
13:38 VO: stop be
13:42 VO: flat 49.75
13:48 Margie: Vo and PT what are you watching to track the bigs and the smalls, is there something on Ninja that would show me this?
13:49 Margie: Yeah down a couple but just watching right now
13:54 VO: s 1 @ 50.25
13:55 palmer: weak
13:55 palmer: echo
13:58 koolblue: short from 851.50
13:58 Vast524: flat
13:59 VO: add 52.25...avg 51.25
14:06 koolblue: stopped out 853.50...loss of 2 ...up 2.5
14:09 Vast524: s@53
14:10 palmer: feel like they want us higher
14:11 VO: flat 54.25
14:11 Vast524: stopped
14:15 prestwickdrive: 856 sq 9
14:28 bruce9432: where can I get info on this square of nine stuff?
14:28 zap: anyone short 56 ?
14:31 palmer: Kool you had a number couple days ago @ 860.75
14:31 bruce9432: ty
14:32 palmer: have it written down
14:32 palmer: 860.75
14:32 palmer: not 856
14:34 VO: s @ 57.75
14:36 VO: my add is 60.50
14:36 PopStocks: will add to puts if 865
14:36 PopStocks: so far only 3 points above globe highs though after 20 minutes of work
14:39 prestwickdrive: old singles 59-61.25 and 61.25-62.75
14:40 PopStocks: 65 is a major number, peak on 6 month volume profile
14:45 VO: avg 59.25
14:46 palmer: I am short 59 too VO
14:49 palmer: come on e PT short a 1000000 lot
14:49 palmer: send us down
14:51 koolblue: stopped at 861.00 loss of 3 there
14:52 palmer: must be options expiration
14:52 VO: flat 62
14:52 palmer: out -3
14:53 bruce9432: Bloomberg Tech leading mkt
14:53 PopStocks: byebye monday's highs, 865 next stop
14:55 zap: watching to short here
15:00 PopStocks: adding to puts
15:00 VO: s @ 62.50
15:02 palmer: 59.5
15:02 VO: stop 63.50
15:08 PopStocks: ppt trying to make a point??
15:08 Vast524: `ty Kool.
15:08 Vast524: Take care
15:09 kenga: I think we are going to 870
15:10 PopStocks: that would top it off alright kenga
15:12 palmer: have an order to sell @66.50
15:16 palmer: that 865 might have been it
15:18 VO: L @ 63.50
15:18 VO: its safe to short now
15:19 Robin: 2:52: the SPX just took out the 864.31 figure - which was the key level that needed to hold the upside to keep the
10 and 20 day down phase analysis intact. with that, these cycles did not peak at this figure - and have to still be pointing
upward at the present time

2:23: the strength has continued, which may lead to some peak around the 2:40-3:00 timeframe - and then some
retracement in the final 30-60 min

2:52: the SPX just took out the 864.31 figure - which was the key level that needed to hold the upside to keep the
10 and 20 day down phase analysis intact. with that, these cycles did not peak at this figure - and have to still be pointing
upward at the present time

2:23: the strength has continued, which may lead to some peak around the 2:40-3:00 timeframe - and then some
retracement in the final 30-60 min

2:52: the SPX just took out the 864.31 figure - which was the key level that needed to hold the upside to keep the
10 and 20 day down phase analysis intact. with that, these cycles did not peak at this figure - and have to still be pointing
upward at the present time

2:23: the strength has continued, which may lead to some peak around the 2:40-3:00 timeframe - and then some
retracement in the final 30-60 min

2:52: the SPX just took out the 864.31 figure - which was the key level that needed to hold the upside to keep the
10 and 20 day down phase analysis intact. with that, these cycles did not peak at this figure - and have to still be pointing
upward at the present time

2:23: the strength has continued, which may lead to some peak around the 2:40-3:00 timeframe - and then some
retracement in the final 30-60 min

2:52: the SPX just took out the 864.31 figure - which was the key level that needed to hold the upside to keep the
10 and 20 day down phase analysis intact. with that, these cycles did not peak at this figure - and have to still be pointing
upward at the present time

2:23: the strength has continued, which may lead to some peak around the 2:40-3:00 timeframe - and then some
retracement in the final 30-60 min

2:52: the SPX just took out the 864.31 figure - which was the key level that needed to hold the upside to keep the
10 and 20 day down phase analysis intact. with that, these cycles did not peak at this figure - and have to still be pointing
upward at the present time

2:23: the strength has continued, which may lead to some peak around the 2:40-3:00 timeframe - and then some
retracement in the final 30-60 min

2:52: the SPX just took out the 864.31 figure - which was the key level that needed to hold the upside to keep the
10 and 20 day down phase analysis intact. with that, these cycles did not peak at this figure - and have to still be pointing
upward at the present time

2:23: the strength has continued, which may lead to some peak around the 2:40-3:00 timeframe - and then some
retracement in the final 30-60 min

2:52: the SPX just took out the 864.31 figure - which was the key level that needed to hold the upside to keep the
10 and 20 day down phase analysis intact. with that, these cycles did not peak at this figure - and have to still be pointing
upward at the present time

2:23: the strength has continued, which may lead to some peak around the 2:40-3:00 timeframe - and then some
retracement in the final 30-60 min

2:52: the SPX just took out the 864.31 figure - which was the key level that needed to hold the upside to keep the
10 and 20 day down phase analysis intact. with that, these cycles did not peak at this figure - and have to still be pointing
upward at the present time

2:23: the strength has continued, which may lead to some peak around the 2:40-3:00 timeframe - and then some
retracement in the final 30-60 min
15:19 Robin: this is from Jim
15:19 Robin: Curry
15:20 Haku: when did Kool say the daily peak was going to take place?
15:20 VO: flat 65.50
15:21 palmer: just str8 up
15:21 palmer: geez
15:22 VO: s @ 66.50
15:22 kenga: this is some good maniuplation
15:23 kenga: optx tomorrow
15:23 palmer: stop 68.25
15:25 VO: flat 65
15:25 John: 3-drives into the high here.
15:26 palmer: dont like this VO
15:26 palmer: out +1
15:26 palmer: chicken
15:27 palmer: down 3 on the day
15:27 palmer: well can't win them all
15:27 palmer: get an hour sleep tonight
15:27 palmer: not 45 mins
15:27 palmer: and you will be good tomorrow
15:28 karen: kenga...I tend to agree with you...I think opex tomorrow has alot to do with this
15:28 palmer: I hate trading options expiration though
15:28 karen: me too palmer, say it every time
15:28 karen: and always overtrade it
15:28 palmer: man I chickened out
15:28 palmer: cheering for you VO
15:29 Vast524: We could have one more drive up here. I think we are in wave 6 here.
15:31 palmer: look at these divergences on the 1 min
15:31 palmer: yep
15:31 palmer: that's what I am loking at
15:31 palmer: I am upset I chickened out
15:31 palmer: Kool is out
15:34 PopStocks: tomorrow will be interesting
15:34 PopStocks: .SZCQD , avg 1.90
15:35 palmer: PT that's form the 5 min
15:35 palmer: 860.75
15:35 palmer: from the 5
15:38 palmer: just seems higher
15:38 palmer: to me
15:38 karen: just fwiw, GOOG reports after mkt close
15:38 palmer: the pullbacks are so shallow
15:39 palmer: I wil short 69.50
15:41 Vast524: i'm long
15:41 kenga: options x
15:42 VO: s @ 66.25
15:42 PopStocks: and we never saw 867 again : )
15:44 PopStocks: trade of the day VO : )
15:44 palmer: sweet VO
15:44 PopStocks: you slaughtered it !!!
15:45 VO: flat 61.50
15:45 Haku: his PIG
15:46 PopStocks: seeya zap
15:47 zap: see ya Pop
15:50 palmer: yep 15 ugly too
15:52 PopStocks: http://www.earningswhispers.com/calendar.asp
15:59 palmer: here we go
15:59 palmer: GOOGLE
16:00 palmer: great
16:00 palmer: down for the day
16:00 palmer: great trade VO and PT
16:01 Haku: whoaaaaa
16:02 Vast524: Are you drawing the fib of the double top VO?
16:03 PopStocks: GE reports tomorrow am
16:06 Vast524: 63.50 as the c
16:06 Vast524: ok
16:06 Vast524: TY
16:06 Vast524: 57.25 is the 100%
16:07 Vast524: We didn't get 50% retrace though. Does that matter?
16:08 Vast524: I guess within 2ticks
16:08 Vast524: OK
16:08 Vast524: Just wondering.
16:08 Vast524: OK
16:09 Vast524: Up
16:09 Vast524: Could have been better if I was a tricky "Dick" but trying to change that
16:28 Vast524: Catch you all a bit later
16:30 palmer: so much movement overnight these days
16:43 Don: Hello I have a question about chart setup.
16:44 Don: Hello is anyone there?
17:02 John: GOOG now 384
17:03 John: 412 high
17:03 John: Beat on everything except revenue, off by a tiny bit.
17:04 John: Sell the good news, just like the China GDP. Sentiment change.
07:17 palmer: short 863
07:48 koolblue: chart posted
07:49 palmer: good morning Kool
07:50 zap: gm all
08:09 zap: can you unmute me PT?
08:14 Robin: Good Morning all :):)
08:14 PT: gm Robin
08:15 palmer: short 63
08:15 You have a PM from PT
08:18 Margie: Good morning
08:19 koolblue: morning robin!!
08:19 koolblue: margie
08:19 koolblue: charts posted
08:21 kenga: im taking 1 off 863.50
08:21 kenga: 1left running
08:21 karen: none at 8:30
08:21 karen: consumer sentiment 9:55
08:23 kenga: http://inthemoneystocks.com/n_economic_and_earning_alerts_single.php
08:24 Robin: yes
08:24 Robin: oh i'm so glad :)
08:24 Robin: I got a late start this morning... and haven't read it yet
08:25 Robin: wanted to be sure to get it out though to you
08:25 palmer: you still post larry's stuff Robin
08:25 Robin: yes
08:25 Robin: but he's away in hong kong... and hasn't posted as often
08:25 Robin: but usually every weekend he'll write something up
08:25 palmer: oh when was the last post the 10th?
08:25 Robin: not as involved as usual...
08:26 Robin: yes
08:26 Robin: was rather small
08:26 Robin: he sent me a chart yesterday...
08:26 Robin: I have to post it...
08:26 Robin: says we should make a cycle top on Monday
08:33 zap: hi Robin, I"m new here and I'm dave from NC
08:34 Robin: Morning Zap :)
08:34 Robin: my brother lives in charlote NC
08:35 zap: I'm about 45 mins. north of Charlotte
08:35 zap: in Winston Salem
08:35 Robin: ok.. welcome :)
08:35 Robin: you've found a wonderful place here :)
08:35 zap: thx
08:36 zap: free beer ?
08:36 Robin: haha :)
08:36 zap: j/k, I don't even drink actually
08:37 VO: more for me
08:37 zap: lol VO
08:39 You have a PM from palmer
08:39 VO: and very expensive if you had to pay for!
08:39 VO: its very kind of robin to share
08:40 You have a PM from prestwickdrive
08:40 You have a PM from trader999
08:40 You have a PM from parson
08:45 You have a PM from mike44
08:46 PopStocks: gm traders
08:46 You have a PM from trader999
08:46 You have a PM from mike44
08:49 You have a PM from prestwickdrive
08:50 zap: mornin' Pop
08:50 You have a PM from dda2008
08:52 You have a PM from dda2008
08:52 You have a PM from prestwickdrive
08:53 You have a PM from pathos57
08:56 You have a PM from pathos57
08:57 PopStocks: h&s pit hour projection: http://twitpic.com/3g9wz/full gives 10am as top
08:57 Robin: enjoy! :)
08:57 PopStocks: http://twitpic.com/3g9wz/full
08:59 koolblue: out theother half at 861.00...plus 3.5 ther... plus 1.75 on the first half
08:59 koolblue: up 5.25 on the day
09:00 palmer: out 859 +4
09:01 You have a PM from brad
09:01 palmer: GOOGLE down after earnings
09:02 PopStocks: yup
09:02 palmer: was over 400 after hours
09:02 prestwickdrive: goog was +5% ah yest
09:02 prestwickdrive: oops sorry palmer
09:27 palmer: next short for me is 868 if we get there
09:29 koolblue: selling here
09:30 koolblue: out at 863.50...plus 1.25 there
09:30 koolblue: up 6.5 now
09:31 PashaLV: Good Morning everyone !
09:32 PT: gm Pasha
09:34 PopStocks: gm
09:36 VO: s @ 61.50
09:36 palmer: shorted 62
09:36 palmer: weee VO on my side
09:36 palmer: lets get them VO
09:37 palmer: hehhee
09:37 palmer: shorted the break of the 5 min
09:37 palmer: my stop is high of the first 5 min
09:38 PopStocks: keep in mind it' s opex, spy max pain is at 80, bias is down
09:39 palmer: out 60
09:39 palmer: .5
09:39 palmer: +1.5
09:40 palmer: yep
09:40 palmer: :)
09:41 PopStocks: low 50's next major point of interest on the 6 month MP
09:41 VO: 1 @ 59.75
09:42 bruce9432: VO, North or south?
09:43 VO: flat 60
09:43 PT: good trade VO
09:45 koolblue: selling
09:47 koolblue: tried for 861.25...no fill! order cancelled
09:48 PopStocks: http://tradingtheodds.wordpress.com/2009/04/17/follow-up-on-trading-the-odds-on-friday-april-17-2009/
09:50 zap: will short 62.5
09:51 VO: s 1 @ 61
09:52 palmer: nice VO
09:54 VO: flat 60.75
09:56 koolblue: short one from 861.25
09:56 PopStocks: http://twitpic.com/3g9wz/full
09:56 koolblue: stopped at 863.25...loss of 2 handles
09:56 koolblue: up 3.25 now
09:56 zap: short 64
09:57 VO: s 1 @ 63.50
09:57 VO: stop 65.50
09:58 palmer: sold 62
09:58 zap: out 1st + 2.5, 0ne running
09:58 palmer: come on
09:58 VO: flat 61.50
09:59 palmer: gimme 60
09:59 palmer: +2
09:59 PopStocks: those left to right head and shoulder cycles are powerful imo
09:59 palmer: 852.50 Kool
10:00 zap: out BE on 2nd
10:01 zap: short again 61
10:01 PopStocks: can't resist, adding to puts
10:02 koolblue: short (one this time) from 861.50...looking for 854 and change(minimum)
10:07 zap: should hit res at the mid pivot or cut back thru the monthly pivot
10:12 PopStocks: perfect set up here for long term short position , 1 month or more
10:13 zap: Max/Kenny..check your PM in the other application
10:16 koolblue: selling 863.00
10:20 PopStocks: 7 week duration counting weekly bars from low to high
10:23 bruce9432: PT, what is IB?
10:23 prestwickdrive: initial balance
10:24 bruce9432: ty
10:26 PopStocks: here you go guys: http://twitpic.com/3ge2u/full
10:27 prestwickdrive: singles from yest 57-58.5, lva 58.5, more singles 55.25-56.25
10:27 prestwickdrive: 856 sq 9
10:29 bruce9432: FWIW David Tice of the PrudentBear.com on Bloomberg predicted 350 on the S&P by summer of 2010
10:32 PopStocks: thar she blows
10:32 palmer: new lows
10:32 PopStocks: hi five on your puts VO
10:33 zap: out 1st +2.5, one running
10:34 kenga: 864.25 could be high of day KOOL
10:36 PopStocks: i'm having a celabratory drink, mezcal on the rocks
10:36 PopStocks: celebratory
10:37 PopStocks: 850 is the magnet here
10:38 bruce9432: 1 tick from stoped out
10:38 bruce9432: stopped
10:38 PopStocks: BAV net -3% on the day now
10:39 koolblue: up only 1.25 now
10:39 Robin: http://206.71.64.13:12001/graphics/fri/Robin187 3-2128.png
10:39 Robin: Possible C point Vo?
10:40 PopStocks: broke the IB on decent volume
10:40 Robin: 7 waves down on 5 min
10:42 prestwickdrive: ty Robin
10:42 Margie: Robin, ty
10:44 zap: out BE on 2nd
10:45 zap: + 5 for the day
10:52 Robin: i'm here
10:52 Robin: thanks :)
10:52 Robin: that's what I thought... don't know if it'll complete but certainly a possible bounce area
10:53 Robin: yep :)
10:57 palmer: 861
11:00 VO: s @ 59.25
11:00 VO: stop 61
11:04 PashaLV: on my too
11:08 PopStocks: globex lows at the least
11:25 palmer: long 59.50
11:25 palmer: stop 57
11:25 koolblue: short from 859.75
11:25 prestwickdrive: smalls flat here
11:27 bruce9432: On that info Kool, I am all in short with my 401K lol
11:27 palmer: looking fot 61.50
11:27 VO: flat
11:28 Margie: just mutual duns
11:28 Margie: funds
11:28 bruce9432: You can trade any way you want with a self directed 401k it is the "house" rules that stop you
11:28 bruce9432: They claim due dillgence and you can move it to just a broker and trade futures
11:29 Margie: Is the 401k with your current emplyer? If it is a former emplyoer 401k you can move it to a self directed IRA and do your own thing
11:29 Margie: I am sitting until we are out of triangle
11:30 Margie: I think we bust up
11:30 palmer: out +1
11:31 Margie: I see it Kool
11:32 LordAlfa: Good morning people.
11:32 koolblue: morning L.A.
11:33 LordAlfa: Back from a whole day of activity
11:34 LordAlfa: Sold globex 59.25 and took profits at 54.75. All unattended.
11:35 LordAlfa: Sorry missed the action yesterday. Thu is my no trade day. Rest and attention given to my investor.
11:35 LordAlfa: Setup order to sell 62.50
11:36 LordAlfa: S 62.50
11:37 VO: s 1 @ 63.25
11:37 VO: stop 64.75
11:37 Margie: I have a proj to 67 and another to 67.25
11:38 koolblue: selling 2 863.25
11:40 kenga: www.mikogo.com
11:41 Margie: hi Kool
11:41 Margie: yep
11:43 LordAlfa: Like please fasten your seat belts in the car
11:44 Margie: our cycle might go from;38 to 5:22
11:44 Margie: 4:38 to 5:22
11:45 Margie: sorry wrong time
11:45 Margie: 10:38 to 11:22
11:45 VO: flat 62.75
11:45 LordAlfa: I hope they put up a strong defence here
11:46 LordAlfa: 60.50
11:47 LordAlfa: stop 64 to reduce risk
11:53 LordAlfa: stopped
11:57 LordAlfa: the next 1 min proj 64.50
11:57 LordAlfa: met
11:57 LordAlfa: I sold 64 which I was stopped
12:00 zap: we've been straddling the monthly pivot since 11:36 which tell sme to stay flat
12:03 LordAlfa: low on blood sugar?
12:04 zap: Kool, when I take a trade I wait for 2 things to happen. I either get stopped or I hit my target. I don't 2nd guess my decision
12:05 zap: and I normally only take 1 -3 trades a day
12:07 PopStocks: bernanke
12:08 LordAlfa: stop 64.75
12:09 PopStocks: http://mam.econoday.com/byshowevent.asp?fid=440116&cust=mam
12:10 bruce9432: http://www.cmegroup.com/trading/equity-index/us-index/e-mini-sandp500_quotes_settlements_futures.html
12:11 LordAlfa: Hate these double/tripple tops.
12:16 Margie: 12:25 moni lo
12:16 Margie: mini
12:16 LordAlfa: Nerve wrecking. came 1 tick of stopping me again
12:16 PopStocks: 870.59 VO
12:17 PopStocks: np
12:21 LordAlfa: recent 1 min up proj 64
12:22 LordAlfa: we still have 67 outstanding unless 57.25 is taken out
12:23 LordAlfa: yep
12:23 palmer: this action worse than yesterday
12:23 palmer: boring
12:23 zap: the monthly pivot has been in play for almost an hour now
12:25 palmer: short 62.75
12:26 zap: I'
12:26 zap: I'd be with you palmer if that pivot wasn't there
12:27 bruce9432: Zap, what is the price of the monthly pivot?
12:28 zap: 862.67
12:28 zap: I doubt it will break either wat til after dinner
12:28 LordAlfa: bingo onth e1 min
12:29 LordAlfa: 64.25 is the 88.6
12:30 zap: 64.25 is also the daily mid pivot
12:30 zap: we are basically stuck between the monthly and mid daily
12:30 LordAlfa: we have a bearish engulf
12:31 LordAlfa: give us another bear candle pluuuze
12:32 LordAlfa: Whoopie
12:32 bruce9432: I am using the split of the CP/R1 and yesterday's close=same thing as what you are talking about (zap) http://screencast.com/t/21s6sxwsqSp
12:33 zap: yep, almost identical bruce
12:36 LordAlfa: 15 min down projects 56.75. 261.8=56.50
12:37 LordAlfa: stop 64.50
12:37 koolblue: covering 860.00....sometime this year ,i hope!
12:38 LordAlfa: We need that red bar on the MACD histo.
12:41 bruce9432: Citi's profit (some of it anyway) due to accounting trick allowed to "distressed " corps
12:41 Margie: Have you guys seen that Susan Boyle video? I think it's excellent. Smile every time I watch it.
12:42 LordAlfa: Creative accounting again. Works all the time. A placebo
12:42 LordAlfa: stop BE +1
12:43 bruce9432: LA, GE makes money by financing it's own customers
12:44 LordAlfa: We still have an outstanding 15 min down proj to 52 on the single bar and 44.75 for the whole move.
12:44 LordAlfa: That is 67 is not touched
12:47 LordAlfa: Nokia also makes money by financing their operators buying their infrastructure
12:47 LordAlfa: Strange huh?
12:47 LordAlfa: I make equipment but loan money to you to buy it from me.
12:47 LordAlfa: stopped
12:48 LordAlfa: there goes
12:51 Margie: http://www.youtube.com/watch?v=9lp0IWv8QZY
12:52 Margie: Thats the Susan o, watch it. It's your Friday smile
12:54 LordAlfa: Simon's dead
12:54 bruce9432: megaphone http://screencast.com/t/NfmoPKwlu09
12:57 PopStocks: floor games all day
13:06 LordAlfa: Order the Mobile Phone salesman
13:07 LordAlfa: Paul Potts was his name
13:08 Robin: http://206.71.64.13:12001/graphics/fri/Robin187 3-2129.png
13:08 Robin: abcd completes at 68
13:08 LordAlfa: Selling 66.75
13:09 Robin: with div. on macd... and 5 min div. as well
13:10 LordAlfa: 66.50 is the 5 min proj
13:11 LordAlfa: canceled
13:13 Robin: thanks :)
13:19 prestwickdrive: old singles 69.0-72.75 and 77.5-82.25
13:19 prestwickdrive: 871 sq 9
13:20 Margie: What about the stress tests
13:20 TraderX: could GM related
13:21 koolblue: selling 867.25
13:23 LordAlfa: 1 ticked . order to sell 67.75
13:24 LordAlfa: cenceled
13:24 karen: like last friday's action, slowly make new highs
13:27 karen: cnbc has an interesting statement on their website...."Traders, Not Investors, Fueling this Stock Rally"
13:33 koolblue: short from 867.25 covering both at 865.50
13:44 Robin: http://206.71.64.13:12001/graphics/fri/Robin187 3-2130.png
13:45 Robin: we might be heading for the 1.272
13:45 Robin: abcd
13:45 Robin: at 70
13:45 icepick: i'm stressed
13:46 icepick: if I was a bank - i'd fail
13:47 icepick: :)
13:47 VO: s 1 @ 68.50
13:51 prestwickdrive: 69.75= 100% ib ext
13:55 LordAlfa: S 69
13:58 LordAlfa: it looks like it wants to run out of steam but ...
14:01 koolblue: short 2 ...avg price 868.50
14:07 koolblue: out b.e.....watching
14:08 LordAlfa: 5 min proj 64.75
14:17 TraderX: the nq and ym are at yesterdays high, more or less.
14:17 Robin: 1:00: we have seen the anticpated strength into the 12:15 - 1:10 timeframe, again we may be ready for some downside
consolidation. I doubt we get a major move here, so it could be sideways-to-down; if we are down into the 2:40-3:00
timeframe, I would be looking for signs of a rally in the final hour. otherwise, not a ton going on here, my next post will
be around the 3:20-3:25 timeframe. hourly cycle/channel chart updated to current time:
14:17 Robin: from Jim Curry
14:19 LordAlfa: 1 min met
14:20 LordAlfa: create some presence of panic selling
14:20 palmer: bye guys
14:20 palmer: have a great weekend
14:21 LordAlfa: We have an abc
14:21 LordAlfa: Nintendo boys
14:22 LordAlfa: 15 min down 62.25
14:29 LordAlfa: Don't like this. ascending triangle
14:31 zap: 70.58 is the weekly pivot and R 1 is72
14:32 zap: 71 is also a strong point of res
14:34 zap: short placed @ 70.5
14:35 LordAlfa: Not these double/triple tops again
14:36 zap: love dbl tops
14:38 zap: short 70.5
14:38 LordAlfa: stopped
14:39 koolblue: stopped at 871...loss of 1.5 on 2 !..down 3 on the day
14:40 LordAlfa: 76.25 here we come
14:41 koolblue: 78
14:41 LordAlfa: how?
14:42 LordAlfa: 15 min
14:43 PopStocks: feb 9th's high was 873
14:46 bruce9432: http://www.liveleak.com/view?i=c12_1239886120
14:46 PashaLV: 871.75 = 127% ext. of AB=CD from the low
14:47 PashaLV: bearish butterfly completed.
14:48 Robin: http://206.71.64.13:12001/graphics/fri/Robin187 3-2131.png
14:48 Robin: a bigger ABCD would target the 882 area
14:48 Robin: 15 min chart
14:49 PashaLV: yes, Robin, thank you !
14:50 Robin: but that's if we don't turn here... just to be aware
14:51 kenga: everything is pointing to sell..
14:51 kenga: lol and I buy
14:55 koolblue: CHART POSTED
14:55 VO: flat 67
14:56 koolblue: BUYING 865.25
14:57 PopStocks: 63 next
15:01 LordAlfa: 64.50
15:01 LordAlfa: 15 min 56.75
15:01 PopStocks: 63 is day's mean
15:01 LordAlfa: yep
15:01 LordAlfa: 69 horny number
15:02 LordAlfa: 1 min 69.25
15:05 PopStocks: 63 also POC, so you've got a mean and a poc on same price
15:15 LordAlfa: stopped
15:15 VO: s @ 70.75
15:17 icepick: pretty decent 5min proj 72.50 / selling if it gets there
15:17 Haku: did someone mention max pain at 880 yesterday?
15:17 zap: still short from 70.5
15:18 zap: missed getting out with +4.5 by 1 tick
15:24 Vast524: Are the bigs still +ve though for the day pwd
15:25 prestwickdrive: +16k
15:25 PT: bigs not selling
15:25 prestwickdrive: smalls +5k or so
15:25 prestwickdrive: PT is right
15:26 Vast524: The bigs seem to be flat for the past 1/2hr
15:29 Margie: The proj up with Kool's wave 1 is 885.25
15:30 PopStocks: I see a big ol diamond top on the 5min 2pm to now
15:30 Margie: no let me check my numbers
15:32 Margie: Kool ur right 884.50
15:32 TraderX: it's friday afternoon
15:32 VO: stop be
15:34 Margie: take care LA
15:34 PopStocks: cya
15:34 prestwickdrive: bye la
15:36 VO: COME O/N...SELL THIS PIG DOWN!!
15:39 bruce9432: Kool, when you are talking wave counts, what time frame?
15:40 VO: flat
15:40 bruce9432: same here
15:41 PopStocks: vo just make the market bend to your will like you did yesterday towards the close
15:42 PopStocks: you got it to drop 10 points yesterday, what gives
15:42 Haku: this pig has no guts
15:43 kenga: trying to get back long
15:43 kenga: try to get 875
15:45 VO: s 1 @ 70.25
15:47 VO: flat 69.25
15:47 Margie: short at 70.75, atop at 70.5
15:50 Margie: flat
15:50 Margie: they came looking for me
15:52 Margie: Well have a nice weekend, we'll get em again on Monday
15:52 Vast524: Cya
15:54 zap: out + 2
15:54 icepick: up 3 down 3 it's like the locals r hacking away at each other in the pit w/ their samurai swords
15:55 PopStocks: puke ES !!!
15:56 bruce9432: I just got the Skype wireless headphones CD quality and they are so clear, it's like the person is standing right next to you
15:56 VO: 65.75, 64.50
16:01 PopStocks: so we end up with a doji, light volume, key level, didn't take out feb 9ths 873
16:03 PopStocks: see you all next week, time to enjoy the spring while it lasts here
16:04 bruce9432: I swear to god that if I bought a mortuary, people would quit dying!
16:16 Haku: bye, everyone.. .have a great weekend!
07:36 You have a PM from PT
07:54 palmer: GM morning folks
07:55 PT: morning Palmer
07:56 palmer: hey PT
08:05 akola: target 860
08:09 akola: daily suport @ 52
08:17 akola: stopped out
08:17 akola: long agin
08:18 kenga: long too
08:18 kenga: 851.5
08:21 palmer: long 49.50
08:26 PT: demark weekly 849
08:27 VO: last weeks pt?
08:28 PT: no this weeks
08:28 gila1: Apr 20
10:00
Leading Indicators
Mar
-0.2%
-0.4%

Apr 22
10:35
Crude Inventories
04/17
NA
+5670K

Apr 23
08:30
Initial Claims
04/18
630K
610K

Apr 23
10:00
Existing Home Sales
Mar
4.65M
4.72M

Apr 24
08:30
Durable Orders
Mar
-1.5%
5.1%

Apr 24
08:30
Durable Orders, Ex-Auto
Mar
-1.2%
3.9%

Apr 24
10:00
New Home Sales
Mar
340K
337K
08:28 VO: ah his support..i see
08:30 LordAlfa: GM
08:32 LordAlfa: 15 min projections to 47.25 to 46.50
08:33 palmer: yep got that LA
08:34 LordAlfa: 49.25 is the 161.8 of the ABC
08:36 LordAlfa: 5 min up proj 854
08:39 LordAlfa: Good buy price all at 49
08:39 LordAlfa: 54 ema resistance at 1 min
08:39 LordAlfa: 52
08:40 palmer: out 51.75
08:40 palmer: +2.25
08:41 LordAlfa: Both 7 waves on 5 min and 60 min
08:43 LordAlfa: 100 ema at 53
08:44 LordAlfa: 15 min up proj 59.25
08:49 LordAlfa: hanging at Kool's avg as resistance
09:08 LordAlfa: L 51.75
09:12 You have a PM from PT
09:26 LordAlfa: stopped
09:30 gila1: gm
09:30 koolblue: 15 min deadly is 846.50...hourly proj is 845.75
09:34 koolblue: longer term a pullback to 836.50-837 would be expected
09:34 LordAlfa: yep. order to buy 45.75
09:35 koolblue: a quick rebound achieving 884.50-885 is still very possible!
09:37 megatron1981: s @ 51
09:38 prestwickdrive: for glbx and pit so far bigs -20k, smalls -15k
09:40 megatron1981: cover @ 49
09:44 VO: l @ 46.50
09:45 LordAlfa: L 46.50. Will add 45.75 if it goes there
09:46 koolblue: BUYING HERE
09:46 koolblue: long from 846.25
09:46 gila1: leading indic at 10
09:47 gila1: no bac
09:47 gila1: bac
09:47 Vast524: I have 100 lotters since the open at Bigs -1060 and smalls at -6340
09:47 LordAlfa: Add 45.75
09:51 Robin: good morning everyone :)
09:51 Robin: :55: the futures are trading to the downside in pre-open, currently suggesting an SPX CASH open around the 855 level,
plus or minus. with the gap opening to the downside, first resistance will be Friday's 869-875 range, which encompasses
both the close and the intraday high there; higher resistance will be firm at the 880 figure. support won't come in until the
853 weekly projected support low, plus or minus, and then the 838-841 range below that. short-term, the probabilities
favor weakness into late-Tuesday or early-Wednesday, and - depending on the action - this selling could trigger a 10 and
20 day down phase in force. if that were to end up as the case, then a rally off a mid-week low would bounce, but would
not take out the swing high that was just registered. from the comments made in recent outlooks, there is also a 45-day
down phase due to assume control into approximately mid-May. intraday today, the probabilities seem to favor weakness
into the first 1-2 hours, which may play out with a quick low in the first 15-30 min, quick bounce into 10:15-ish, then lower
again into 11:05-12:00. from there, we may try a bounce of an hour or two. here is the hourly cycle/channel chart updated
to Friday's close:
09:51 Vast524: HI Robin
09:51 Robin: from Jim Curry
09:51 Margie: Good morning, Robin, thank you
09:53 LordAlfa: stopped
09:54 Robin: morning Kool :)
09:54 Robin: YW
09:56 mrg22: fwiw -nas trin at .16
09:56 Robin: we're at the 2.00 range of Friday...
09:56 Robin: extension...
10:01 koolblue: stopped on my long for a loss of 3...watching
10:04 koolblue: buying here
10:04 gila1: close to s3 on ym
10:06 koolblue: long from 843.25..looking for 845.50 minimum
10:11 prestwickdrive: 841 sq 9
10:22 gila1: does anyone know what the vix is at mine seems frozen
10:23 gila1: mine too thx
10:23 gila1: its barely moved
10:24 gila1: glad ur feeling better
10:25 megatron1981: 37.69 it looks like
10:26 VO: unloaded my puts here...will look to re-enter higher
10:26 PT: good trade VO
10:32 koolblue: stopped at 840.25...loss of 3 there
10:39 Robin: 9:55: noted earlier, the early down might soon give way to a quick bounce into the 10:10-10:25 timeframe, then from there
weaknes again into (approximately) 11:05-12:00
10:39 Robin: jim curry
10:43 LordAlfa: At least GC is rocketting.
10:44 LordAlfa: Great metal Aurum
10:44 koolblue: chart posted
10:46 LordAlfa: L 37.75
10:47 koolblue: buying 836.75
10:49 prestwickdrive: 34.75= -50%ib
10:56 LordAlfa: GC is up like $20
10:58 palmer: man
10:58 palmer: n ofill @ 36.75
10:59 parson: still may happen
11:03 bruce9432: going for a long scalp @37.00
11:04 LordAlfa: 1 min BB narrowed. breakout imminent.
11:06 VO: l @ 36.50
11:06 parson: Palmer , you get filled?
11:06 koolblue: CHART POSTED
11:08 LordAlfa: 1 tick of stopping me out
11:09 bruce9432: out at 38
11:09 LordAlfa: 5 min up proj 42
11:13 koolblue: buying
11:13 koolblue: long from 836.50
11:15 LordAlfa: we made an abc
11:17 LordAlfa: 261.8=42.50, 5 min up proj 42
11:19 koolblue: will cover both at 838.50 ..the minimum one min proj up
11:20 koolblue: bailing here
11:21 koolblue: plus 1 .75 on both... down 2.5 now
11:21 koolblue: watching
11:22 LordAlfa: 1 off 38.50
11:22 VO: 1 @ 38.50
11:22 palmer: out +1.75
11:22 PopStocks: huge mp valley 39.25
11:23 VO: flat 39
11:24 LordAlfa: stop 36.75
11:28 PopStocks: 31 next stop imo
11:33 LordAlfa: stop 38. Don't like this
11:33 LordAlfa: stopped
11:36 PopStocks: panic selling, it was due
11:40 prestwickdrive: vix +4.5 now
11:41 PopStocks: yeah , the day the vix said "no"
11:47 VO: l @ 37.50
11:47 VO: stop 35.50
11:50 PopStocks: pit session only 16 points range so far, plenty more to go on downside imo
11:51 PT: true pop but globex range is nearly 30 handles
11:54 PopStocks: 5 day mean is 48
12:01 LordAlfa: I am going to sleep. I can't trade this. All blood red candles.
12:01 koolblue: buying 834.75 if we get there
12:02 koolblue: there is a danger to 831.25 however
12:02 LordAlfa: See you at Globex. VO, Karen, Vast.
12:02 Vast524: Feel abit the same LA
12:03 VO: flat
12:04 karen: lol exactly LA, I did well in globex last night
12:04 karen: gave some back today
12:07 koolblue: order cancelled...watching
12:09 koolblue: selling 836.75
12:11 PopStocks: 823 would close last wednesday's gap
12:18 koolblue: shorted 836.75
12:19 PopStocks: nice cool, takes guts but I think you'll get it
12:19 koolblue: expecting 834.25-834.75...will exit at 835.00 if they let me(831.25 still a possibility)
12:22 PopStocks: this is from sentimentrader.blogspot . com
12:22 PopStocks: If S&P gaps down -1% and breadth < -2000 this late in the a.m., it closes still lower 21/26 times, avg. -1.2%.
12:22 Robin: sorry for the repeats...
12:27 PopStocks: 2:45 pm et that is
12:28 PopStocks: oh well robin : ) , appreciate you sharing this all the same
12:29 parson: Ditto, PopS
12:30 Robin: glad to share :)
12:32 PopStocks: you been following that site too parson?
12:32 PopStocks: oh nm
12:32 koolblue: out at 835.50...plus 1.25 on both... now even on the day...watching
12:32 PopStocks: nice
12:33 Vast524: Well at least you are even
12:35 koolblue: for now friend, for now!
12:36 bruce9432: Robin you can copy and paste in Ensign.
12:37 koolblue: buying 836.00
12:38 koolblue: long from 836.00 looking for 838-9.50
12:38 koolblue: stop at 834.00
12:38 feng456: long 35.5
12:38 feng456: 2 pt stop
12:50 PopStocks: boyz are coming back from their lunchtime bound to break out some direction soon
12:52 Haku: I would have finished mowing the lawn by now.
12:56 icepick: ascending triangle breakout poss.?
12:57 Vast524: Good day Jack. We need help. Any chance of getting an advance get chart please
13:01 bruce9432: http://screencast.com/t/tYUewhK0cI4
13:02 PopStocks: yep, very efficient selloff today bruce

13:05 Robin: YW :)
13:07 bruce9432: http://screencast.com/t/nnkieKOYn
13:08 bruce9432: long @ 35
13:08 palmer: yep was 827.25
13:09 palmer: I have it wrtten down
13:09 palmer: from 2 weeks ago
13:09 prestwickdrive: 829 = 100% ib ext., 30.5 fills a gap, 34.75 = -50% ib
13:09 prestwickdrive: singles 31.5-33.5
13:10 feng456: im stopped ouit
13:10 PopStocks: s&p 100; 22 stocks trading < -6%, 3 green but barely
13:11 PopStocks: bac and c down -18%
13:11 feng456: I hate this uni-directional bs
13:12 PopStocks: xlf putting in a mean double top, spanning 1 week
13:13 koolblue: will buy at 831.50
13:13 PT: hitting curry's 833
13:13 Robin: http://206.71.64.13:12001/graphics/mon/Robin187 3-2132.png
13:14 Robin: perhaps a pause... and bounce
13:14 JackS65: AdvGet chart posted showing targets fotr Wave 3 abnd Fibs
13:15 Vast524: ty Jack
13:15 PopStocks: double ib sits around 826
13:17 Margie: Jack, ty
13:22 PopStocks: http://easycaptures.com/fs/uploaded/210/8539541863.png
13:22 PopStocks: Volume profile since start of month
13:24 PopStocks: important levels below: 822, 817, 810
13:26 Robin: at the 2.618 level of fridays range
13:28 Robin: VO... I hope we get a chance to get back in on our puts...
13:35 gila1: obama on tv
13:38 PopStocks: http://stockcharts.com/c-sc/sc?s=SPY&p=W&b=1&g=0&i=p25095794662&r=8347;.png
13:39 PopStocks: check out that divergence!
13:41 feng456: short 35
13:41 feng456: 2 pt stop
13:44 JackS65: Ndew AdvGet chart with Wave 4 tgts
13:50 Vast524: Stay up with PT
13:51 Vast524: He just loves the Globex. RTH is too bring for PT now
13:52 PT: lol vast
13:52 Vast524: boring (sorry)
13:53 Robin: yeah..... me :)
13:54 palmer: lon g34.
13:54 Margie: Robin, when did you buy your puts?
13:54 Robin: Friday at the highs :)
13:54 Robin: so can't complain... just got out a little early today...
13:54 Margie: Good job Robin
13:54 Robin: thanks :)
13:55 Robin: oh... big time my friend :)
13:55 Robin: especially when it comes to an option trade... timing has to be very good...
14:00 PopStocks: kool vo pt, et al, thanks again for sharing your take on things with me, appreciate hearing from you all
14:11 bruce9432: GM just announced that they are laying off 16,000 salaried workers
14:11 parson: Thks for info.
14:17 kenga: no one bargin shopping today
14:18 kenga: im surpprised
14:22 bruce9432: When the federal government announces that they are going to convert bank loans into common stock (thereby diluting it0 who want's to own a financial
14:24 palmer: I am long 34
14:24 palmer: stop 32.
14:24 bruce9432: masrket is in the horse latitudes
14:24 bruce9432: market
14:26 koolblue: stopped at 832.00... loss of 2.75 ...one of my dumber trades in a while!
14:39 Robin: http://206.71.64.13:12001/graphics/mon/Robin187 3-2133.png
14:39 Robin: http://206.71.64.13:12001/graphics/mon/Robin187 3-2134.png
14:43 PopStocks: great charts robin!
14:46 bruce9432: In a significant shift, White House and Treasury Department officials now say they can stretch what is left of the $700 billion financial bailout fund further than they had expected a few months ago, simply by converting the government’s existing loans to the nation’s 19 biggest banks into common stock.
14:46 PopStocks: well you know where I stand : )
14:47 PopStocks: look at that bullish kicker on the vix,,, very telling imo
14:48 gila1: 39.2 up15%
14:50 gila1: trin 2.20 extreme
14:59 VO: l 1 @ 30.50
15:02 VO: flat 32
15:08 koolblue: selling 831.50
15:09 koolblue: short one 831.50
15:17 Vast524: s@31.50
15:23 karen: some short covering into the close?
15:24 karen: yes possibly
15:25 PopStocks: possible stop run to 835, continued by mega selloff into close, 822 ish
15:25 parson: PopS, that sounds about right to me, also.
15:26 PopStocks: conversely they could run it down to 822 here, and then maybe pop it up to 830 towards close
15:26 PopStocks: either way I would not want to go long here
15:26 icepick: thinking about buying 28.25
15:26 Vast524: Was out BE. Shifted stop once it passed 30.25
15:27 koolblue: out at 830 on both (from 831.50)...watching
15:27 Vast524: What is the deadly. I can't work it out. It's been one way traffic today. Not sure which one to use
15:32 koolblue: selling one at 833.75
15:32 karen: yep
15:33 Vast524: Max you are really quiet
15:33 bruce9432: I hear Max same level as Kool
15:34 koolblue: short one from here
15:36 Robin: not any more kool...
15:36 bruce9432: no, Max was not quiet
15:37 Robin: since you're new mic :)
15:37 Robin: loving it :)
15:37 bruce9432: perfect
15:37 Vast524: I don't find you quiet Kool. Just Max. That was a lot better Max
15:37 PopStocks: Someday we all need to do a soundcheck
15:38 Vast524: Thanks Kool. Have a good evening
15:39 gila1: thx bye
15:39 bruce9432: gracias, Kool
15:39 karen: c u kb
15:39 Robin: thanks kool :)
15:39 koolblue: manana!!!!
15:40 Robin: http://206.71.64.13:12001/graphics/mon/Robin187 3-2135.png
15:41 Robin: we exceed 29.25... going to 28
15:41 Robin: 100% abcd
15:41 PopStocks: 22 next stop imo
15:42 VO: l @ 31.50
15:46 VO: stop be
15:50 PopStocks: now for the final stretch
15:50 VO: flat
15:58 VO: bid 28
15:59 PopStocks: IBM and TXN after the close
15:59 PopStocks: 22 baby : )
15:59 PopStocks: need new shoes
15:59 VO: this will be my globex trade
16:00 karen: VO long into globex?
16:00 PopStocks: harsh day
16:01 VO: yup
16:02 PT: I'm going long for Globex trade, I'm gonna sabotage you VO
16:02 karen: rofl PT
16:03 VO: no doubt u being long with me would be considered sabotage!
16:03 PopStocks: hah
16:03 PT: looks like my muble died on me
16:03 PT: I will short 29
16:03 PT: just for you VO
16:03 PopStocks: VO you've been pretty good on your close into globex trades I've noticed
16:04 VO: only the ones pt doesnt join
16:04 PopStocks: heh
16:04 PopStocks: what color should my font be?
16:04 VO: black
16:05 PopStocks: nah
16:05 PT: sell stop / market 10 @ 829.00
16:05 PopStocks: guess this will do
16:05 palmer: you selling PT?
16:06 PT: yes 829
16:06 PopStocks: earning for IBM and TXN, bound to be volatility in a few min
16:06 PT: I want to sell 1 tick off LOD
16:06 VO: buy limit 10,000 28.75
16:06 palmer: why?
16:06 PT: for 30 point short covering rally in Globex, will cover at 850
16:07 palmer: so u buying
16:07 palmer: not selling
16:07 PopStocks: hehe
16:07 PopStocks: same difference : )
16:07 palmer: :)
16:07 palmer: pt just joking around
16:07 PT: no if I buy market will tank 30 points in globex and wipe out VO
16:08 VO: scratch that...make that 35,000 buy limit
16:08 PopStocks: man what a day, it feels like a big deal but we used to have these everyday a few months back
16:08 PT: true pops
16:08 PopStocks: memorieeees
16:09 VO: we could of had a nice bull butterfly if they would have got to 28ish
16:09 PopStocks: this is all from that diamond top we caught on friday VO : )
16:10 PopStocks: IBM earnings below est
16:10 VO: I only have bigs -47k...seems like it should have been worse
16:10 PopStocks: is that the total for the day?
16:10 VO: for 100 lotters
16:11 PopStocks: gotcha
16:11 PopStocks: maybe they all sold in the am
16:11 VO: others (less than 100) are -22k
16:11 PopStocks: premarket
16:12 PopStocks: I am + 35% on my puts
16:12 PT: nice Pop
16:13 PopStocks: can't complain, will bail if tomorrow dicks around though, would like to short higher again if possible
16:13 PopStocks: oops sorry for the profanity ladies
16:13 VO: I sold mine for 2 and bought for 1.50...thats about 35%
16:14 PopStocks: excellent, yeah I was busy shorting from wednesday's high so you got me beat on that one : )
16:14 VO: I knew there was a good buy down there
16:14 PopStocks: trading around 840's tomorrow morning is realistic I think, unless overseas flips out and drags globex down, which is also realistic
16:15 PopStocks: nice one
16:15 PT: my 829 short is coming in for you VO
16:15 PopStocks: ouch xlf -11%
16:15 Haku: bye, everyone
16:15 PT: take care Haku :)
16:15 VO: unfortunately im not long yet
16:16 VO: 38.2 = 45.25
16:17 PopStocks: cya haku
16:17 VO: 15m gives 42ish
16:17 Haku: had take one last look at FAS and FAZ
16:17 Haku: byeeeeee
16:19 PopStocks: spy knocked right back down after ES closed 4:15
16:19 VO: crude got bent over today
16:20 PopStocks: man, zoom all the way out and look at today, parabolic curve
16:21 PopStocks: it's like a robot engineered today
16:21 VO: thats why im expecting them to bust alot of stops tonight
16:23 PopStocks: 833 837 major volume
16:24 VO: parabolic arcs are very predictable pattern
16:24 VO: almost always retrace 61.8
16:25 PopStocks: yep
16:25 PopStocks: unless all hell has broken loose we will see some retrace tomorrow
16:25 VO: to us that means 55ish
16:26 VO: hoping we see it all tonight...has been their MO from our low
16:26 VO: would rather see them take care of it tonight then we can have more down tomorrow
16:26 PopStocks: VO I need a coors light got one?
16:27 PT: volume today wasn't overly impressive
16:27 VO: I always have a silver bullet
16:28 Vast524: PT is not on Mumble pops
16:28 PopStocks: ooh yeah
16:28 PopStocks: woops
16:28 PT: yeah my muble died
16:28 PopStocks: PT
16:29 PopStocks: volume today on nyse+nas is in the 80th percentile for past month
16:29 PopStocks: actually 3rd highest volume day of past 20 days
16:29 dda: Nasdaq most of the volume is in JAVA (Sun micro.)
16:29 PT: ok
16:29 PT: well
16:29 PT: what about ES ?
16:29 PopStocks: but I agree it was lower in ES than it coulda been
16:30 PopStocks: 1mom I have to code up something to get the ES stats
16:35 PopStocks: http://twitpic.com/3o9wd/full
16:35 PopStocks: there you go PT
16:35 PopStocks: looks to be fairly big as well
16:37 PopStocks: 3rd highest of past 2 weeks, not too shabby
16:38 PT: yep , thanks Pops
16:39 PopStocks: how do you like my 822 line on the chart "Come to Me"
16:39 PopStocks: it works you should try it
16:39 PopStocks: np PT
16:40 PopStocks: dda even looking at the nyse, same deal
16:40 PopStocks: big volume, big down day, took out last weeks low, vix back where it should be, 870's feels like a dream, I could go on and on
16:45 PopStocks: helpful link: http://www.market-harmonics.com/free-charts/sentiment/investors_intelligence.htm
16:48 PopStocks: ouch!!! http://stockcharts.com/c-sc/sc?s=$INDU&p=5&yr=0&mn=0&dy=20&i=p65262815085&a=63139877&r=297
16:48 John: Right back in the bullish range of all previous intermediate tops in this bear.
16:48 PopStocks: http://stockcharts.com/c-sc/sc?s=$INDU&p=D&yr=1&mn=1&dy=10&i=p97089752544&a=77373705&r=8
16:48 PopStocks: rejected!
16:54 VO: I dont at all free comfortable getting long here but I did...l @ 33.25
16:54 John: http://www.market-harmonics.com/free-charts/sentiment/obsg.htm
16:56 John: http://www.market-harmonics.com/free-charts/volume/shortupdownvol.htm
16:56 John: Look at the third chart.
16:57 PopStocks: the relative upside/downside john?
16:58 John: Yes, note the extreme. Chart goes back to '04.
16:58 John: Many sentiment readings are extreme.
17:00 John: On the previous link showing OBSG, it is right back almost to the highest levels in this bear.
17:00 John: The issue is, this may be due for a bigger bounce, and hence a new extreme for these sentiment gauges for this bear.
17:01 PopStocks: not betting on a bigger bounce
17:01 John: Point is, most sentiment gauges are at the point that has turned it back down in this bear, right at the area pops showed on his chart.
17:02 PopStocks: not for at least 2 weeks
17:02 PopStocks: gotcha
17:02 PopStocks: I know that oscillators will bang up against their walls when things really are reversing, but I just don't see it yet
17:03 PopStocks: here's a good one, OEX to SPX ratio on a daily chart, have a look if you can code it up
17:04 PopStocks: actually that is one of my fav signals, 80% success over past 10 years.. 2 weeks downside min
17:04 PopStocks: meaning on average you will get at least 2 down weeks after that ratio peaks, and in most cases it takes out the past 2 weeks lows
17:05 PopStocks: I will post a pic in a min
17:05 PopStocks: anyone here listening to me?
17:06 John: I am.
17:06 John: I can't code it so I need a chart.
17:07 PopStocks: ok just checking
17:07 PopStocks: one min
17:07 John: Every time in this bear the % of stocks over their 50 dma went over 70% it dumped. It is now at 89% over.
17:08 PopStocks: yup
17:08 PopStocks: plus nasdaq 100 stocks already have turned around as of friday
17:08 PopStocks: it's a given imo
17:08 PopStocks: 800 min
17:08 PopStocks: http://twitpic.com/3oc7v/full
17:08 PopStocks: there's your chart John
17:09 PopStocks: just 5 years becaus 10 or 29 would be congested, but i'm telling you honestly, it give %80 success as far as what I described
17:09 PopStocks: 10 or 20
17:09 PopStocks: not saying it means a huge sell off will ensue, but I expect weakness at least 2 weeks out
17:10 John: How is the indicator generated again?
17:10 PopStocks: seems to work a lot better for short signals, don't trust it for longs
17:10 PopStocks: all it is is this : weekly close of oex divided by weekly close of spx
17:10 PopStocks: plain and simple
17:12 PopStocks: I love cycles, fibs, etc, but some things just work and I will trust certain things over other voodoo
17:12 John: But oex/spx is about .5, your indicator ranges from 40 to -70 or so?
17:13 PopStocks: here is the full code: declare lower;
plot Data = (close("spx")/close("oex"))-average(close("spx")/close("oex"),14);
plot t = 0.020;
plot tt = -0.020;
17:13 PopStocks: so there you have it, a system I brewed up that kicks serious ass, and is dead simple, have fun selling it on ebay for $1000 : )
17:14 John: I see.
17:16 John: Basically when the broader market outperforms for very long, it dumps.
17:17 PopStocks: yup
17:17 PopStocks: plain and simple
17:17 PopStocks: the more simple the better
17:17 John: Very cool, though.
17:17 PopStocks: that's what make a good system
17:18 PopStocks: yeah and you are probably the only one here paying any attention to me so consider yourself lucky : )
17:18 PopStocks: that code is really easy, even if you don't code you can figure it out yourself
17:19 PopStocks: theoretically I guess it means that big caps drive the market, small caps follow, small caps rise on fumes while big caps are distributing, smalls keep rising and people get suckered, then bigs give out and the whole sham is complete
17:23 gila1: pop stocks do use trade station
17:24 PopStocks: nah I use think or swim lately
17:24 gila1: ok
17:24 PopStocks: how come?
17:34 PopStocks: well gnight yall
17:35 PopStocks: be well
17:35 Vast524: cya pops
20:19 parson: Pops, I'm reading you now....catching up.
20:41 parson: http://206.71.64.13:12001/graphics/mon/Robin187%203-2135.png
21:48 LordAlfa: gm
22:32 Haku: the 60 min looks like it needs an elliott wave 5 down now
Wed. April 29th

07:52 palmer: VO we got to get them back
07:53 VO: np
07:53 palmer: we really didn't do anythin gon the downside though
07:54 palmer: overnight
08:10 dda: good morning Robin
08:11 Robin: morning dda :)
08:16 karen: thks for the info robin
08:30 palmer: wow
08:30 karen: guess the number is out, lol
08:33 palmer: pretty wild 15 min candle forming here
09:15 bruce9432: gm
09:15 palmer: morning Kool
09:22 gila: good morning everyone thx robin for the emails
09:22 gila: I posted earlier that ts does have vwap on radar screen and matrix
09:23 bruce9432: Hey Kool, as a moderator can you see the private messages?
09:24 bruce9432: yeah, thanks Robin, for the emails
09:24 PashaLV: Hello everyone!
09:26 bruce9432: gm pash
09:27 bruce9432: that explains the difficulty I had in another room
09:28 Haku: g'morning
09:31 LordAlfa: Chart posted on GDP trade.
09:31 palmer: long 60.50
09:32 palmer: 58 stop
09:34 koolblue: buying 858.75
09:38 prestwickdrive: solid big buying so far
09:39 palmer: ou t+2
09:40 koolblue: out at 862.00...plus 3.25on that trade
09:42 Robin: very good....
09:42 Robin: present their work very different from each other so I find both very helpful
09:43 Robin: ok.. thanks :)
09:45 LordAlfa: 63.25 just met
09:52 Robin: http://206.71.64.13:12001/graphics/wed/Robin187 3-2160.png
09:52 Robin: looking at the 64 area for a sell
09:52 Robin: as long as reversal pattern sets up
09:53 Robin: i'm trying :)
09:53 LordAlfa: S 64.25
09:54 Robin: no... not in yet...
09:54 Robin: waiting for rev. pattern
09:56 koolblue: selling 865.50
10:01 LordAlfa: 65.75 is R1
10:04 Robin: that's what i'm hoping for :)
10:04 palmer: what a bunch of ****
10:04 LordAlfa: What is your reversal pattern Robin?
10:04 palmer: hit me and no fuill
10:05 LordAlfa: I'll use the sell bid button if that **** happened to me. Happens most of the time.
10:05 palmer: Kool my order was 65.25
10:05 palmer: no fill
10:06 Robin: I like to use a 3 point rev. pattern.. with either a lower high, double top or slightly higher high and then candle close below
10:06 Robin: retest...
10:07 bruce9432: fat lady hasn't sung yet
10:08 bruce9432: http://screencast.com/t/Y0noj1FJPo
10:08 bruce9432: chart showing volume up minus volume down and all green still
10:10 LordAlfa: 1 min whole move 58
10:11 LordAlfa: 5 min 1 bar 60
10:17 koolblue: selling 864.50
10:19 palmer: shorting 66.25
10:20 palmer: filled
10:21 LordAlfa: stopped.
10:21 Robin: 866.69 is the 1.27 range of yesterday
10:22 bruce9432: Ithis mkt is whistling past the graveyard
10:23 koolblue: stopped at 866.00...loss of 1.5...up 1.75
10:23 LordAlfa: S 66.75
10:23 karen: big money positioning ahead of the fed
10:23 VO: s @ 67.25
10:24 bruce9432: s@67
10:24 koolblue: short one from 857.25
10:25 LordAlfa: projection all lie around here. 66.75, 67.50, 67.25
10:25 LordAlfa: 66.75
10:25 LordAlfa: minimum
10:27 Robin: http://206.71.64.13:12001/graphics/wed/Robin187 3-2161.png
10:28 Robin: a bigger abcd... if we don't stop here...
10:28 bruce9432: avg price for my short 67.50
10:33 bruce9432: maybe buy on the open, sell on the close day?
10:35 koolblue: short 2...avg price 868.00
10:41 LordAlfa: flat
10:41 bruce9432: stopped out
10:41 LordAlfa: bruce. fro 3 days they have been doing buy 1st half. sell 2nd half.
10:42 koolblue: stopped at 859.75...loss of 1.75 on each...down 1.75 now
10:42 karen: bigs buying consistently, every time bar the number gets higher, no pullback
10:42 T_J: Having a hard time believing it will bust through 70-72 before FOMC. After FOMC?
10:43 bruce9432: short@70
10:47 T_J: Thinking 63-70 Range Trade until
10:47 T_J: fomc
10:48 bruce9432: April 29 (Bloomberg) -- U.S. stocks rose for the first time in three days as banks rallied following Fox-Pitt Kelton Cochran Caronia Waller’s first upgrade of the industry since 2004 and energy shares climbed with oil.
10:50 koolblue: long from 859.25
10:55 bruce9432: out @69
11:18 koolblue: flat and watching
11:21 koolblue: short from 870.25
11:23 bruce9432: don't know if you guys remember but I posted last year about AMMO trading and his main tenet is that the emini S&P will range from the numbers 28 to 77 chart to follow
11:24 bruce9432: http://screencast.com/t/rHVRNkX1T
11:25 prestwickdrive: 73.25= 50% ib
11:26 Robin: http://206.71.64.13:12001/graphics/wed/Robin187 3-2162.png
11:27 LordAlfa: S 71.75
11:35 LordAlfa: 1 off 69.75
11:36 LordAlfa: stop BE +1
11:40 LordAlfa: 1 min 68.50
11:41 LordAlfa: exit 68.75
11:42 LordAlfa: Yep. I have that too.
11:46 Robin: http://206.71.64.13:12001/graphics/wed/Robin187 3-2163.png
11:48 Robin: thanks
11:50 bruce9432: Kool, I have the 5 min proj as 864.50?
11:51 LordAlfa: bruce 3x 5 is 15 min
11:51 bruce9432: taking baby steps
11:52 LordAlfa: But yesterday, our single bar down proj phailed
11:53 LordAlfa: yeah. I know. I can't even spell failed. :P
11:53 bruce9432: That's like the Marines no word for retreat but will "break contact" all the time
11:54 LordAlfa: No. Its computer geek speak. We call a big failure as an Epic Phail.
11:55 LordAlfa: We champion using the word PWN (Poon)
11:55 LordAlfa: W00T is We Owned Other Team.
11:56 LordAlfa: Looks like bigs pwned me and w00t me today.
11:57 LordAlfa: stop 71
11:59 LordAlfa: 68.75. Come. Don't deny me. I need a win.
12:00 LordAlfa: 1 tick. Pluuuuzzzzeeeeee.
12:01 prestwickdrive: ditto la
12:02 LordAlfa: Ditto on being pwned or 68.75?
12:02 prestwickdrive: 68.75
12:02 LordAlfa: OK.
12:02 LordAlfa: I hope you are not pwned. Because I am.
12:03 LordAlfa: If they stop me at 71. I am defintely owned by the bigs.
12:03 LordAlfa: quite ledge on the 15 min
12:04 karen: I am
12:04 T_J: The prudent trade is to trade the mouse for a bucket of balls. Off to the driving range until 2:00
12:04 bruce9432: I am scrolling my dom to help move the price,lol
12:08 bruce9432: conspiracy theory: Soros gets the info 3 hours before anyone else
12:10 LordAlfa: flat
12:10 LordAlfa: Phew
12:11 bruce9432: no, why
12:11 LordAlfa: About banks conspiracy.
12:12 LordAlfa: Banks that finance turmoil, conflict, etc etc
12:13 bruce9432: Well Soros has been advising Obama since October, he has made the most money shorting and Obama owes him big time for funding MoveOn.
12:15 LordAlfa: Well he broke the Bank of England by shorting.
12:19 LordAlfa: Tired. Don't trade too well when my eyes want to shut. See you at Globex.
12:24 koolblue: CHART POSTED
12:36 prestwickdrive: singles 65-67.25
12:39 palmer: nope
12:39 palmer: waiting Kool
13:02 bruce9432: The Federal Reserve Open Market Committee's two-day meeting ends, with their decision and a policy statement expected after 2:15 p.m. Eastern time. Economists expect the central bank to keep its target overnight lending rate between banks at a range of 0.25% to zero.
13:03 bruce9432: Analysts are watching for comments on the economic outlook and whether the Fed will change its current program of buying Treasurys and mortgage-related debt to keep a lid on borrowing costs.
13:04 bruce9432: t
13:04 bruce9432: THE FED
Quiet, you'll disturb the recovery
No bombshells expected from two-day FOMC meeting
By Greg Robb, MarketWatch
Last update: 3:04 p.m. EDT April 28, 2009Comments: 55WASHINGTON (MarketWatch) -- Like parents watching over a sleeping newborn, Federal Reserve officials will go out of their way not to make any announcement or take any action that would disturb what they hope is a nascent recovery underway, analysts said.
Fed officials Tuesday afternoon started their two-day closed-door meeting to examine their aggressive efforts in the past year to end the crippling recession. A statement is expected to be released shortly after 2pm Eastern on Wednesday.
13:09 bruce9432: short 69.75
13:21 palmer: anyone knows what was the point range of the last fed eeting
13:23 bruce9432: stopped out
13:29 prestwickdrive: 31 points on 3/17 Palmer
13:29 palmer: thnkas
14:02 palmer: 15 mins to go
14:05 kenga: sorry about that
14:05 kenga: I have the pit noise on
14:17 VO: l @ 71.75
14:18 VO: 1 @ 74
14:18 VO: flat
14:19 bruce9432: TradeStation having siezure
14:20 Vast524: what chart do you use for these announcements please? Or do you tend to watch the dome?
14:20 bruce9432: 2oo tick , 10 minute
14:21 Vast524: OK. Do you place a stop/buy limit first or wait and just take market orders
14:21 Vast524: ty
14:22 Vast524: Afternoon anyway. Had a lovely sleep in.
14:23 VO: s 1 @ 72.25
14:23 VO: stop 74.25
14:27 VO: flat
14:32 John: GS new HOD
14:34 karen: where's popstocks? he's probably hating this action
14:34 VO: s @ 79
14:39 VO: bid 76
14:42 prestwickdrive: 30 yr bond rates above 4% for 1st time since last Nov
14:42 VO: flat
14:42 prestwickdrive: good one vo
14:44 VO: ty
14:45 prestwickdrive: I ss'd but already covered
14:47 prestwickdrive: singles 79.25-82.75
14:53 VO: l 1 @ 72.75
14:54 VO: stop 71.25
14:54 VO: flat
14:55 VO: l 1 @ 71.50
15:00 VO: flat 73.50
15:08 VO: s @ 73
15:09 VO: stop 75.50
15:19 VO: stop be
15:25 palmer: go VO
15:26 Robin: http://206.71.64.13:12001/graphics/wed/Robin187 3-2164.png
15:26 Robin: nice visual .... go for it Vo :)
15:26 VO: 1 @ 67.25
15:26 Robin: I applaud you Vo for holding it thru that conjestion area...
15:26 Robin: great patience...
15:28 VO: stop 72.25
15:46 VO: stop 71.25
15:46 Robin: http://206.71.64.13:12001/graphics/wed/Robin187 3-2165.png
15:52 Robin: http://206.71.64.13:12001/graphics/wed/Robin187 3-2166.png
15:57 icepick: sure do like those charts, robin - thks
15:58 PT: robin's good at spotting those abcd's
15:59 VO: flat 68
16:00 Robin: congrats VO :)
16:02 karen: I covered for profit, and the last was breakk even
16:02 karen: did you get stuck short VO?
16:02 bruce9432: what time do you trade the Globex VO
16:03 palmer: wow who's sexy voice is that
16:03 palmer: :)
16:03 palmer: VO
16:03 palmer: :)
16:03 palmer: YES
16:03 palmer: YEP
16:03 palmer: well no globex for me
16:04 bruce9432: I see
16:08 palmer: how did the bigs end?
16:08 palmer: ok
16:11 VO: posted a chart of that bull gartley that had us under a spell...the 127.2 is an extension of the XA leg
16:12 Robin: http://206.71.64.13:12001/graphics/wed/Robin187 3-2167.png
16:12 Robin: http://206.71.64.13:12001/graphics/wed/Robin187 3-2168.png
16:13 palmer: loking at te hcart again VO
16:13 palmer: looking at the chart
16:13 palmer: of the gartley
16:14 palmer: so it met its target? 878
16:15 Robin: http://206.71.64.13:12001/graphics/wed/Robin187 3-2169.png
17:02 Vast524: good trading at the end there VO
17:03 VO: ty
17:03 VO: and you?
17:04 Vast524: nothing today. Just watched
17:07 Vast524: Came in at the FOMC annoucement.
17:08 VO: u didnt miss anything
17:15 palmer: u waiting on your globex trade vo
17:16 VO: not sure palmer
17:17 VO: thinking long though
17:21 Haku: are you trading your pig, vo?
17:22 VO: well haku...im guessing this pig can be bought for a decent retrace
17:23 Haku: I agree
17:34 palmer: well VO
17:34 palmer: if we trade up to 876 tonight
17:34 palmer: I am shorting
17:40 VO: makes me feel better about getting long!
17:53 palmer: lol
17:54 palmer: any other setups you looking at VO
17:54 palmer: besides that gartley
18:00 karen: ok VO...I'm back...so, what are we doing for globex?
18:37 brad: bullish bat if we get to 864.50 on the 5m chart
19:36 VO: gang im trying from here @ 67...we retraced 61.8 of this little swing, have completed A or 1, am betting that B or 2 is finished....this targets the 73 area...will use 2 pt stop
19:37 Vast524: good luck
19:38 VO: come join me so im not the only fool
19:39 Vast524: I would've thought that I would jinx the trade
19:39 VO: the last one you joined worked out...right?
19:40 Vast524: Nope. The globex stopped yesterday didn't it?
19:40 VO: you were in on it last night
19:41 Vast524: yep
19:41 VO: yeah but palmer jinxed that trade
19:41 Vast524: Did you end up down 5 on that?
19:42 VO: x 2
19:42 Vast524: Ouch
19:42 Vast524: Annoying that it went +ve 3 or so before it came back and never looked back
19:43 VO: yup...but I warned everybody of the gartley influence
19:43 Vast524: That you did
19:55 palmer: hey
19:55 palmer: VO
19:55 palmer: the Jinxman is here