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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?
07:37 palmer: GM traders
07:44 PT: good morning palmer
07:44 palmer: what's up PT
07:45 PT: not the ES !
07:45 palmer: :)
07:45 palmer: we only got to 838 overnight
07:45 palmer: I guess we could see 818 or lower today
07:48 PT: well a 4 bar projection on the 15 gives 825.75
07:49 PT: using the full move to 833.50
07:50 palmer: oh playing it?
07:50 PT: no, was just trying to find a projection
07:51 palmer: I have a 822.25 proj
07:51 palmer: I was looking at that
07:51 PT: ok, what is that from ?
07:51 palmer: 7:30 15 min
07:52 PT: ok
07:52 PT: gap fill right there also palmer
07:53 PT: close on 4/8 was 822.50
07:55 palmer: yep
07:55 palmer: I will definitely try a buy there if we get there
07:56 PT: yep
07:58 palmer: and look where the 15 bands are now
07:58 palmer: lower band
08:15 palmer: band getting lower and lower
08:17 Margie: Vo, what is your thought about a rising diagonal being retraced to where it began and normally further? I am taking that information from Prechter's book. That would bring us to at least 779.
08:31 VO: margie that is a good point...i would argue that it started with the 3/30 low of 75.50. thats why yest I told pops that I wasnt sure we would get even a 50% retrace
08:32 VO: btw our daily proj. was just hit at 24.25
08:34 VO: margie you also have to try and determine if we just finished a "ending" or a "leading" diagonal. same pattern the difference tween the two is where it happens (1 or A vs 5 or C)
08:40 Margie: Ok, VO, thanks. it's never easy, is it?
08:42 VO: I get to start the day down 6 handles cause my globex trade didnt work...i had an order to take 1 @ 38.25, which was 5 handles from entry and the 261.8 from abc. Price did touch 38.25 but to no surprise I wasnt filled. I had my other target @ 43.25. o well, no hill for a climber like me.
08:42 Robin: good morning everyone :)
08:42 VO PM'd
08:44 parson: gm, Robin
08:50 Margie: Good morning Robin
08:50 Margie: Vo, give 'em a beating
08:50 VO: into submission
08:51 VO: I suspect at some point today they tr
08:54 Haku PM'd
09:09 You have a PM from PT
09:10 PT: there's Pop's 822 level :)
09:15 Margie: We did not get the gap fill did we?
09:20 You have a PM from Haku
09:20 Haku: g'morning all
09:28 PashaLV: Good morning everyone
09:30 prestwickdrive: 50% gap = 28.5
09:37 prestwickdrive: 2 candle 15 min proj to 28.5 (50% 0f gap) from 23.0 bottom
09:38 LordAlfa: GM. Still riding 3 contracts from 35.25
09:38 LordAlfa: exit 27
09:40 bruce9432: tradeStation data freezing
09:40 palmer: nice green 15
09:41 VO: 38.2 of down swing = 41.75
09:41 PopStocks: gm dudes/ettes
09:41 LordAlfa: Anyone know which IP ports Zenfire uses for the feeds? I want to put them on high priority inthe firewall QoS
09:41 LordAlfa: exceeded 15 min project 29
09:41 PopStocks: yup PT 822, glad you were listening : )
09:41 bruce9432: Frozen data
09:42 LordAlfa: Globex is much better to trade than yesterday afternoon.
09:42 bruce9432: I am in another chat and they are all bitchin about it
09:43 LordAlfa: Check all the IP ports that you guys are using. maybe that's where the jam is.
09:43 PopStocks: short 831/833, a gimme trade if I ever saw one
09:44 LordAlfa: I shorted 35.75. Just took profits at 27. Just came home.
09:45 VO: l 1 @ 29.50
09:45 PopStocks: well done LA
09:46 LordAlfa: Didn't hit 21.
09:46 VO: will add down
09:46 PopStocks: bearish abc of globex levels 50% retrace
09:47 mrg22: lva -830.25
09:48 LordAlfa: 32.75?
09:51 PopStocks: I think we will hit 800 near eod
09:53 PopStocks: 37 is brick wall imo, path of least resistance is to the downside here.
some point today or tomorrow. the latter would likely try some bouce into later in the week, which should hold at or well
below the prior high of 875 (resistance low-to-mid 850's), then should be followed by a continued break to lower lows into
late-April. here is the hourly cycle/channel chart updated to yesterday's close:
09:54 VO: offer 32.50
09:56 PopStocks: if this is a bearish ab=cd forming on the 24hr 3200tick, then 832.50 should be top
09:58 PashaLV: bid @ 26.75
10:01 palmer: short 829
10:02 megatron1981: bought @ 27.50
10:02 palmer: ou t827 +2
10:03 PopStocks: well done palmer, you'll get to 800 today if you are patient imo
10:07 prestwickdrive: 727 sq 9
10:08 prestwickdrive: 827
10:10 megatron1981: sold @28.75 for +1.25
10:13 PopStocks: Channel to watch http://twitpic.com/3pp9r/full
10:14 LordAlfa: regression channel
10:15 PopStocks: nope just hand drawn
10:15 PopStocks: but it's so spot on it may as well be from regresion : )
10:15 LordAlfa: Was looking for 21 but couldn't bear the retrace. I had 3 contracts all in one basket.
10:16 LordAlfa: It is an ABC for the upside but might be a bait.
10:16 Robin: http://206.71.64.13:12001/graphics/tue/Robin187 3-2137.png
10:16 PopStocks: shipsa goin down guys, short is the way
10:17 LordAlfa: The end of the rally. I hope friends with stocks off loaded or broke even. I told them to get rid of it.
10:18 prestwickdrive: gap = 33.0
10:18 LordAlfa: AB=CD Robin? You are very good in looking for this.
10:18 PopStocks: 822 is just begging to be tested, 823 false support
10:19 PopStocks: why, because the market profile for the past month says so
10:19 LordAlfa: Buy 24 for a quick scalp.
10:23 LordAlfa: Pops, 817.50 is the 423.6% of that abc of the top.
10:23 PopStocks: yup
10:23 PopStocks: also an important mp level
10:23 PopStocks: 822, 817, 810, 800, 770
10:23 LordAlfa: 817 level will be a major bounce
10:23 prestwickdrive: bav trend on quotetracker
10:24 PopStocks: i've told him that before as well prest : )
10:25 PopStocks: I don't look at big and smalls, I look at total, I figure 90% of that volume is bigs anyways, this last 25 min I see - 6300 bav
10:25 PopStocks: now -7600
10:26 PopStocks: but in my very honest opinion bav is only good for gauging what might happen in the next 30 min or so
10:28 PopStocks: now -8600
10:29 PopStocks: also, I feel a lot of "bigs" break their orders into smaller 10/20 lotters
10:29 PopStocks: considering that most trading is automated, it makes a lot of sense they would be broken into smaller orders
10:34 PopStocks: ugly sorta triangle, probably back up to 28
10:37 palmer: just moved from new york
10:37 palmer: 2 yrs ago
10:37 VO: add 26.25
10:37 PopStocks: oh yeah, were are you these days palmer?
10:37 PopStocks: where
10:37 palmer: charlotte
10:37 VO: stop 24.25 on all
10:38 PopStocks: NC?
10:38 palmer: yep
10:38 megatron1981: trying to short @ 27.25, no fill though
10:38 PopStocks: cool, do any beach trading?
10:38 palmer: charlotte is 3 hrs from the beach
10:38 megatron1981: filled @ 27.25
10:40 megatron1981: cover @ 26.50
10:41 PopStocks: http://twitpic.com/3pqln/full
11:00 PopStocks: 831 is yesterday's value low
11:04 VO: 1 @ 32
11:04 VO: stop be
11:05 prestwickdrive: great patience vo
11:06 Margie: 832.75 poc
11:07 PopStocks: 2nd highest volume of day on the 3200 tick bar, just now
11:08 VO: stop 29.75
11:09 PopStocks: xlf hitting it's neckline of the 1week double top
11:11 PopStocks: since I started on options lost only 1 of 16 swing trades, and drawdowns very low, much higher success for me all in all
11:11 PopStocks: less commissions to kill me
11:13 palmer: short
11:13 palmer: 833.75
11:13 LordAlfa: S 33.50
11:13 prestwickdrive: 50% ib ext 35.5
11:14 LordAlfa: Went to put my naughty girls to sleep. missed the 24 by 2 ticks. had an order sitting at 24.
11:16 LordAlfa: stopped
11:16 VO: flat 35.25
11:16 VO: ty
11:17 Robin: Bravo VO :) You got them back from Globex :)
11:22 PopStocks: we hit the 1.7 IB extension at the same time we hit the top of my channel, bearish
11:22 LordAlfa: 1 min next up 38.50
11:23 LordAlfa: then 40.25
11:24 LordAlfa: provided that 28 is not taken out
11:26 Margie: dt on 610
11:27 Margie: for now
11:27 VO: s 1 @ 36
11:27 VO: very risky
11:27 LordAlfa: S 36
11:28 Margie: s 35.75
11:28 PopStocks: no risk VO, just chill
11:29 LordAlfa: wide stop at 39, 1 min proj up is 38.50 if 28 is not taken out. 15 min down proj is 28.50 so 38.50 can still be a possibility.
11:30 LordAlfa: Sell bid.
11:30 Robin: http://206.71.64.13:12001/graphics/tue/Robin187 3-2138.png
11:31 LordAlfa: LOL
11:31 LordAlfa: 29.25 is the 61.8 of this move up
11:31 PopStocks: watch this sucker tank
11:32 LordAlfa: 5 min down proj 32.50
11:34 Margie: I have the 15 min deadly at 43.25, does anyone else have that
11:35 Margie: ty VO
11:35 Margie: ty LA
11:35 Robin: http://206.71.64.13:12001/graphics/tue/Robin187 3-2139.png
11:36 PopStocks: 800 EOD baby ,, wooohooo
11:38 PopStocks: perfect: http://twitpic.com/3ptou/full
11:39 LordAlfa: stop 37.25
11:39 PopStocks: nothing left to do but for it to tank
11:41 LordAlfa: palmer, are you still short?
11:42 palmer: yep
11:45 LordAlfa: stopped
11:45 karen: uva is 839.50
11:45 karen: may want to touch that at least
11:46 karen: uva from yesterday
11:48 LordAlfa: Selling 38.25
11:48 LordAlfa: S 38.25
11:51 LordAlfa: stop 39.50
11:52 LordAlfa: 1 min down 34.75
11:54 PDQ PM'd
11:54 LordAlfa: And the 161.8 too
12:05 LordAlfa: And stopped
12:09 LordAlfa: earlier
12:09 JackS65: AdvGet chart posted
12:11 PopStocks: here we go
12:11 Margie: ty Jack
12:13 Margie: we still have the deadly to meet
12:15 LordAlfa: Margie, the scary thought is that it can reach 44.75, 43.00 to 44 is a good sell
12:15 Margie: Thanls, LA
12:15 LordAlfa: Classic pivot at 42.25
12:17 LordAlfa: I am off the bed. I am finding it easier to trade globex these few days. I am alert and the pace is easier for decisions. Gained 14 and gave back 9. WTH? Should have stopped.
12:18 Margie: ugly cycle on 5 minute takes us to 12:45 for a peak
12:18 LordAlfa: See you later alligators
12:18 karen: me too LA, I seem to do better in globex for some reason lately
12:18 LordAlfa: See ya.
12:18 Margie: LA, take care
12:18 PopStocks: see you la
12:18 PopStocks: man this is boring up here
12:20 PopStocks: lowest volume of day on the 5min
12:20 parson: Just as long as we DON'T lose money..........:)
12:23 PopStocks: hey parson
12:23 PopStocks: sorry missed you yesterday, I see you were messaging me after I left
12:24 parson: Yes...just interested in your rations.....informative
12:24 parson: ratios
12:24 PopStocks: cool
12:39 VO: sell stop 37.75 to add
12:39 palmer: u short VO?
12:39 VO: 36
12:46 Robin: 12:27: the SPX made it past noted first resistance; most firm short-term resistance again is at or within a few points of the
850 level. if the same holds the upside, then we are likely back down to or below the lows again into late tomorrow or
into early-to-mid Wednesday
12:59 PopStocks: lunch break over
13:02 VO: add 38.50
13:03 PopStocks: all that plastic pit trading about to show it's real hand here
13:15 Robin: http://206.71.64.13:12001/graphics/tue/Robin187 3-2140.png
13:17 Vast524: s@840.0
13:17 Vast524: Looks like I am joining you VO
13:17 PopStocks: http://twitpic.com/3pzzp/full
13:18 bruce9432: yo
13:18 Vast524: Hi pops
13:19 PopStocks: hey vast
13:19 PopStocks: does that chart show up automatically when I post it? or do you have to visit the link?
13:20 Vast524: have to visit it
13:20 PopStocks: ok
13:23 PopStocks: mean for the day atm is 832.25
13:30 PopStocks: anyone check out my fractal chart? comments?
13:31 Vast524: 1@37.75
13:31 Vast524: looking for 36.75 now for the other
13:34 Vast524: 37.50
13:35 Vast524: 127.2
13:39 Vast524: flat at 39.0 Stop was hit
13:42 PopStocks: what a grinder of a day
13:45 PT: yep ugly wave 4
13:56 PopStocks: would you be getting a wave 5 price projection off the noice in wave 4?
13:56 PopStocks: noize
13:56 JackS65: Out to pick up my grandson back in about 20 min
14:00 VO: left a gap
14:01 PashaLV: crude making a new daily high
14:06 Margie: take care pdq
14:06 PopStocks: wave bore more like it
14:10 Margie: 7 waves so far in 4
14:12 karen: what levels will take us out of wave 4 into 5 margie?
14:12 karen: I don't use elliot wave, just starting to read up on it
14:12 prestwickdrive: TLT has dropped almost 1.75 points from today's hod and is retesting lod
14:13 Margie: I'll let VO answer, Im still trying to get the hang of it,
14:13 Haku: if this is a larger abc down construction, target at 836.25 but anything is possible
14:13 karen: well, what moves us into the next wave?
14:13 karen: long answer
14:13 karen: loaded question
14:13 Margie: four can not breach one
14:14 PopStocks: 20,000+ puts traded on the strike I am on for spy about 40 min ago, huge
14:14 karen: oh k, thanks, lol, just let me know when we're out of this choppy 4th
14:15 VO: 1 @ 36.25
14:15 PopStocks: sell that pig!!!!!!!!!!!
14:17 VO: flat
14:17 Vast524: Good job there VO
14:17 VO: not really 2 hr trade for peanuts
14:19 Vast524: Well you didn't get stopped
14:19 VO: somehow
14:23 Margie: baby dragon, maybe
14:27 karen: prestwick...do you have the developing va's by chance?
14:28 VO: 42, 38.50, 29.50
14:28 Robin: 2:13: the indexes have pulled back off the earlier highs, with the NDX being the weakest; there is the potential that the
last run up completes a countertrend retracement - and that a run back to or below the lows will be seen into late today
or into the first few hours of Wednesday's session
14:28 karen: thanks VO!!
14:29 Vast524: ty Robin
14:29 Robin: yw :)

14:30 PopStocks: if this is 5 up, 845 would be wave 1 parity
14:30 Margie: the two humps faked me out
14:30 Margie: never got in
14:30 Margie: more like a comel
14:30 Margie: camel
14:31 Vast524: Do you look for these patterns on the 610 only, or on any time frames
14:32 Vast524: ok. ty
14:32 Vast524: Sort of
14:33 Vast524: Looking at Harmonic Trading website now to get a better understanding
14:33 JackS65: Posted AdvGet chart with comletion wave 4
14:36 Vast524: So the D point was 35.75. How do we determine the target on this run from D to?
14:37 VO: b,c, a then extensions 127.2 and 161.8
14:38 Vast524: OK. They didn't make that clear on the website. TY
14:38 Vast524: Did you take it?
14:38 VO: no
14:39 Vast524: Doh
14:39 VO: but u noticed I covered my short
14:39 Robin: http://206.71.64.13:12001/graphics/tue/Robin187 3-2141.png
14:42 Vast524: yes. That was good timing to get out then
14:43 PopStocks: megaphone top
14:48 feng456: hey guys im stuck
14:49 feng456: it seems im stuck in a pattern of doing good for a week, then losing my ''edge'' the next and then starting all over again
14:50 Vast524: Read "Trading in the zone" by Mark Douglas. Go to: http://www.247free.org/books/ and look it it.
14:51 feng456: whoa
14:51 feng456: whose site is this?
14:51 PopStocks: got a cycle high for 3:15 eastern
14:51 Vast524: If you are serious. Read it! No idea
14:52 feng456: cuz thats a lot of books
14:52 Vast524: Well you'll save some money then.
14:53 feng456: yea thanks!
14:53 feng456: cant believe someone uploaded all those books
14:53 Margie: Palmer shared that site with us
14:53 PopStocks: if that was thee top though, we have a low coming in at 10:15 est tomorrow
14:53 feng456: now if I could just get mommy to read it to me before bed
15:00 VO: s 1 @ 39.50
15:01 VO: stop 41.25
15:03 PopStocks: Since '40 when up volume % went from <20% to >80% next day with lower high in SPX, next two days up only 27% of the time.
15:04 VO: flat
15:07 Robin: http://206.71.64.13:12001/graphics/tue/Robin187 3-2142.png
15:07 prestwickdrive: bigs +61k
15:07 JackS65: Price & Volume chart posted
15:09 PopStocks: well looks like it turned out to be a fairly strong day, go figure
15:12 PopStocks: 85 even is the mean of both yesterday and today's price action
15:12 VO: 1 @ 45.25
15:12 Margie: Jack, does AdvGet advise you when to get in?
15:12 PopStocks: I meant 845 even
15:13 Vast524: Are you shorting VO
15:13 Vast524: OK
15:15 prestwickdrive: 848 = double ib
15:16 icepick: ?????
15:16 Robin: http://206.71.64.13:12001/graphics/tue/Robin187 3-2143.png
15:16 Robin: we could have this going on.... only thing is I don't like 38% retraces.. very shallow...
15:16 icepick: at least 3 cycle lows for a profit today
15:16 JackS65: AdvGet chart posted with wave 5 tgts
15:17 Robin: VO... do you still regard this as a valid abcd with the shallow retrace? Larry would say that a shallow retrace would indicate an extension of the pattern
15:18 Robin: thanks :)
15:20 icepick: just my opinion PoP, but you have been looking at only downside opportunities the last couple three days, and therefore missed the upside (if only a point or two)
15:22 PopStocks: 847 is 2.76 off of wave c
15:23 PopStocks: icepick, I am still green so no worries
15:23 PopStocks: I play longterm, not scalping
15:24 JackS65: Have a few errands to run. Everyone have a great evening. See you tomorrow.
15:24 PopStocks: I see 800 by end of week ice
15:24 Vast524: Cya Jack
15:24 Robin: bye jack....
15:24 Vast524: Ty for the charts
15:24 Robin: thanks for your charts
15:24 PopStocks: cyajack
15:24 bruce9432: Thanks jack
15:24 prestwickdrive: ditto. ty
15:24 Margie: TY Jack
15:25 bruce9432: How long does it take to get the hang of it?
15:25 VO: if we fail a new high 5 is done
15:25 prestwickdrive: bigs not selling yet
15:26 Vast524: But it is only on Esig?
15:26 Vast524: I don't like Esig.
15:28 Vast524: eSignal, Advanced GET
Edition Software retails for an up-front cost of $3,995.
15:29 Vast524: Then you have to pay each month for Esig @$195
15:29 bruce9432: Probably get it for free on a bit torrent site
15:30 PopStocks: for software that changes it's targets every 5 minutes, no thanks
15:33 feng456: long 42.75
15:33 feng456: sry 43.00*
15:33 Robin: I bought 1/2 of mine...
15:33 prestwickdrive: TLT bouncing
15:33 Robin: back VO
15:33 Haku: I bought IWM puts
15:33 Robin: was hoping for a bit higher to add rest
15:33 Robin: I added at the 45 level
15:33 Robin: spy puts
15:34 Robin: not added..
15:34 PopStocks: 839 test will be very telling here
15:34 Robin: bought 1/2 back at 45
15:35 prestwickdrive: 37.25 proj on 15 min from 47
15:38 feng456: my long is looking horrible
15:39 PopStocks: hoping we get to 34 by close, mean of day
15:39 PopStocks: not counting on it though
15:40 Vast524: Where does it have it going now? Down?
15:41 VO: addd @ 43
15:42 feng456: stopped
15:42 VO: 1st 39
15:42 karen: anyone have the recent developing value areas?
15:42 VO: 37.50, 35.50
15:43 PopStocks: alot can happen in 20 minutes
15:43 karen: k great thks VO
15:44 PopStocks: what a grinder, sloppppp
15:44 Robin: go get em VO :)
15:44 Margie: 3 of 3
15:47 feng456: its been 6 months since I started getting into the world of trading...where should I be at?
15:48 karen: I blew my account out more than once
15:48 karen: sad to say
15:49 feng456: yea ive accomplished that already
15:49 feng456: wasnt that hard
15:49 karen: I thought I was disciplined, learned I was quite stubborn
15:49 feng456: XD
15:49 Haku: I'm still using the same funds I had back in 1996
15:49 feng456: nice
15:49 karen: have now been trading 5 years successfully
15:49 Robin: Karen I think 90% of traders have done that...
15:49 Robin: congrats to you Karen :)
15:49 feng456: when did u first start trading haku?
15:49 PopStocks: nice karen, i'm up to 2 now
15:49 bruce9432: It is real easy, especially when you take losing peronally
15:49 karen: I think so too robin, for me money management was a big part of my problem
15:49 karen: exactly bruce
15:50 karen: VO....do we have a globex cate?
15:50 karen: date
15:50 feng456: im using a combination of momentum indicator, cycle indicator, and price indicators (boll bands and SMA) to trade
15:50 feng456: this is my third week
15:51 feng456: after two weeks my net was zero
15:51 feng456: except I just lost three days in a row
15:51 feng456: shud I continue?
15:51 karen: feng...you need to read Mark douglas' book that Vast suggested earlier...that will help you
15:51 karen: great book to read
15:52 Robin: totally agree karen...
15:52 Robin: very good book...
15:52 feng456: I read disciplined trader
15:52 Robin: LP says to read 3 pages a day...
15:52 feng456: there was a lot of stuff that I already knew
15:52 feng456: what am I missing?
15:52 Robin: even he still reads 3 pages a day after 45 years of trading
15:53 PT: feng: whats your win % the last 4 weeks ?
15:53 feng456: hmm lets see
15:53 icepick: feng - whether to continue or not - u can get a bunch of opinons - but that's a question only you must answer for yourself
15:53 feng456: ok my stats are as follows
15:53 feng456: -550 first day
15:54 feng456: 0
15:54 feng456: 250
15:54 feng456: 0
15:54 feng456: 310
15:54 feng456: 235
15:54 feng456: -275
15:54 feng456: -250
15:54 feng456: -275 today
15:54 feng456: for a net of -550 after 9 trading days
15:54 icepick: No one but you can give the answer you seek
15:54 PT: ok
15:55 feng456: im stuck ok and I duno what im doing wrong
15:56 PT: maybe that is what your system does
15:56 PT: works some days , fails others
15:56 dda: what do you think guys about trading: 20% entry, 40% management, 40% psychology?
15:56 feng456: well ive changed my system five times in the last two months
15:56 PT: ok why did you do that ?
15:56 karen: Mark douglas talks about that very thing feng....changing your system just because you have losing days
15:57 karen: it's all probabilities, you WILL have losing days
15:57 feng456: so then how long shud I stay in for?
15:57 feng456: im down a net of 550 after two weeks
15:57 feng456: thats pretty significant no?
15:57 feng456: I trade 1 contract
15:57 feng456: daily loss stop is 250 as well as win limit
15:58 karen: I personally think trading 1 contract is hard, you can't protect your trade
15:58 feng456: well it's different
15:58 karen: but I have my own trading demons, so I can't really give out any advice
15:58 karen: VO....where are you short at?
15:59 karen: k...will look to short somewhere up here
15:59 karen: after globex opens
15:59 feng456: I guess what im wondering is where is the line between a system that obviously doesnt work and ur just having a bunch of days where no matter what ur boned
16:01 karen: anyone big reporting after hours? I think YHOO is earning
16:01 karen: is reporting
16:01 bruce9432: Geithner came out and said that most banks have enough capital
16:05 Robin: weekly demark at 49
16:17 PopStocks: good day yall, cya later
16:21 mini741: 88e
16:21 karen: VO...are you still short?
16:22 karen: closing near highs was quite bullish
16:23 karen: yet I want to short
16:23 karen: just have to find the right place
16:23 karen: exactly
16:24 karen: yep
16:24 karen: I'm learning alot from you guys...I'm mainly a market profile trader...I agree down
16:25 karen: 848.75 is a value area high from a few days ago
16:25 Robin: karen has a nice voice :)
16:25 Vast524: KAren has a voice. Welcome to the world of voice Karen.
16:27 karen: thks Vast
16:28 Haku: bye, all
16:29 Vast524: You're welcome. It is always nice to hear people. Adds to the profile, rather than just a name
16:29 Vast524: I have banned him
16:29 Vast524: I rang Mirus and told them to put a stop to his account during Globex.
16:30 Vast524: You wouyld end up like Feng
16:30 karen: lol
16:30 Vast524: Maybe you need to change your plan PT a few more times
16:31 Vast524: Ihate thatmarket Karen. I traded that, and it was just so frustrating. It follows the ES
16:32 Vast524: The Stoxx would work well for me in Australia. Ihave tried the first few hrs, but still seems to mirror the ES
16:38 palmer: u short VO??
16:39 Vast524: Just that your opinion is always right VO. lol
16:39 VO: damn right
16:39 Vast524: Douglas would say, just trade the pattern, and let the market decide.
16:44 bruce9432: VO, do you use Kool's methdology or youor own, or a combo of the two?
16:45 palmer: nice setup from yesterday that
16:45 palmer: 825 area
16:45 palmer: nice very nice
16:47 palmer: you can't get biased
16:47 palmer: agree VO
16:48 palmer: PT didn't u hear
16:48 palmer: KOOL trading for George Soros
16:48 palmer: was on bloomberg
16:50 icepick: hope you get out vo
16:51 VO: vo is gonna be just fine fella's
16:51 icepick: then I hope it goes back up for pt
16:52 karen: lol
16:52 palmer: Pt
16:52 palmer: ?
16:52 palmer: what indicator is that
16:52 palmer: yep
16:52 palmer: just alittle
16:52 palmer: got stopped up
16:52 palmer: out
08:37 VO: 1 @ 42.75
08:38 VO: yeah?
08:38 palmer: got +5
08:39 palmer: on the day
08:42 LordAlfa: I am up 10.75 bought 33.25
08:42 LordAlfa: Sold 44.
08:42 palmer: sweet
08:42 palmer: LA
08:42 LordAlfa: 423.6 of the little abc at the bottom
08:43 LordAlfa: Only 1
08:43 VO: flat
08:43 LordAlfa: Not giving it back. Let's see what is the first hour action
08:43 gila: what time did u buy 33.25 la
08:44 LordAlfa: 15 min projection down was 33.00
08:44 LordAlfa: About 2100 hours
08:45 LordAlfa: let me get the exact time
08:46 gila: thx
08:46 gila: thats close enough
08:46 LordAlfa: 2057. order siting there
08:47 LordAlfa: See it wasn't going down, so I rode it up using the 610T
08:48 LordAlfa: Last stop was 41. Didn't fill 44 the first time.
08:48 LordAlfa: Just place 1 tick behind every last candle
08:49 LordAlfa: We have a downside abc at this moment
08:51 LordAlfa: Keep in mind an outstanding down proj to 797.25 from yesterday's high if 58.75 is not touched
08:53 LordAlfa: I have a funny feeling, they'll repeat yesterday's bull rush in the opening
08:56 bruce9432: Your U.S. Govt @work:, Paulson and Bernanke instructed BofA CEO not to discuss how bad Merrill Lynch was hurting. Which begs the question, what else aren't they telling us?
08:57 LordAlfa: Maybe they are leaving the country for another country?
08:58 bruce9432: The whole deal smells real bad
09:00 LordAlfa: But I think they are Lex Luther at work. The greatest criminal minds. They have drawn a battle plan of "if then do this" scenarios.
09:01 LordAlfa: 15 min whole move down 33.50
09:02 LordAlfa: Where is Kool? MIA for 2 days. I won't be long tonight. Wife day today.
09:03 LordAlfa: BTW, made 10.75 so I'll watch opportunistically.
09:05 palmer: VO
09:05 palmer: what we spoke about last night
09:05 palmer: that's what I am using
09:09 VO: remind me palmer
09:09 palmer: 15 min
09:09 LordAlfa: What's the secret?
09:10 palmer: using 5,15,60
09:10 palmer: no secret LA
09:10 LordAlfa: Yeah what about?
09:10 LordAlfa: The projections?
09:10 palmer: yep
09:10 palmer: and using those to trade
09:10 palmer: 1 min too fast for me
09:11 palmer: +7 on the day using it this morning
09:11 LordAlfa: Well the 60 was very close yesterday to get the 58.xx peak
09:11 palmer: tell me about it LA
09:11 palmer: I had my order @60
09:12 palmer: rrrrrrrrrrrg
09:12 LordAlfa: The least looked at chart. 60 min
09:12 LordAlfa: The 15 min 1415 chart also said tyhe same thing
09:12 palmer: yep
09:14 LordAlfa: bought 33.25 using the whole 15 move 1900 to 2000
09:15 LordAlfa: I might want to change my trading hrs to Globex from 2030 to 0700 if this keeps up
09:19 LordAlfa: How far are your stops palmer?
09:21 palmer: well
09:21 palmer: usually 3
09:21 LordAlfa: I hope not like PT's 1 pointers
09:21 palmer: might have ot adjust on the larger time frames
09:22 LordAlfa: Yeah. Risk is larger for larger time frames.
09:23 LordAlfa: 5 min 5th down. 1 min 7th down
09:23 LordAlfa: 15 min 3rd down
09:24 LordAlfa: Sorry. 15min could also be 5th down
:
09:31 karen: thks robin
09:34 palmer: shor t42
09:35 palmer: out 40 +2
09:35 prestwickdrive: gap 37.0
09:35 prestwickdrive: 39.75 was 50% gap
09:37 prestwickdrive: 15 min down to 34.75 off of 47.0?
09:38 LordAlfa: 33.50
09:38 LordAlfa: whole move
09:38 There is a new version of echat available for download which addresses posting issues, to upgrade to it click on setup then click on the upgrade echat button at top
09:38 LordAlfa: I have down proj at 34.50 33.50 32.75
09:39 prestwickdrive: off 48 la?
09:39 LordAlfa: Yes. 48 - 44.75 gave 33.50
09:40 prestwickdrive: ok
09:40 LordAlfa: Then 47 - 42.25 gave 34.50
09:41 prestwickdrive: 2 bar 1 min up to 45 - 45.25 off 39.25
09:42 LordAlfa: 45.25 yes
09:44 LordAlfa: 60 min bar is also 33.50
09:44 palmer: blon g44
09:45 palmer: wow dont like that
09:46 VO: man action is whippy
09:50 prestwickdrive: existing home sales at top of hr
09:51 palmer: out -2
09:56 bruce9432: That is because the market has swung to a new heiarchy in reporting, to wit , catastrophic news, horrible news, and finally, not as bad as we thought news
09:57 palmer: prest what is gap fill?
09:57 prestwickdrive: 37
09:57 bruce9432: TradeStation acting up on anyone?
09:58 palmer: thanks prest- should hit that
09:58 palmer: hey VO - did you kill the wasp/bees
09:58 bruce9432: In all three of my chats there is a hew and cry
09:59 gila: yes all day its flashing back and forth even though I rebooted
10:00 bruce9432: my charts all converted to one bar
10:00 LordAlfa: Subsequent 15 min proj 27.25
10:01 Robin: 9:55: OK we are seeing some weakness off the earlier highs; SPX first support at 838-841
10:02 Robin: http://206.71.64.13:12001/graphics/thu/Robin187 3-2147.png
10:02 Robin: would love to see this play out
10:03 Robin: very strong neg. histogram
10:03 LordAlfa: 1 ticked. order at 33.50
10:04 LordAlfa: Should have move it up 2 ticks
10:04 LordAlfa: No. I wasn't filled!!
10:06 LordAlfa: missed it
10:08 bruce9432: FYTS
10:09 palmer: that's why I left TS
10:09 palmer: too many probs
10:09 VO: l 1 @ 36
10:10 Margie: Vo, I am not sure but on your big chart does that"M" fit into a pattern?
10:14 LordAlfa: See you tomorrow or Globex. Missing 33.50 says enough
10:14 gila: bye
10:14 LordAlfa: Bye.
10:15 LordAlfa: I'll leave the chat on and the Mumble but I'll be absent
10:18 bruce9432: If god was going to give the markets an enema, Trade Station is where he would stick the hose.
10:18 VO: agreed
10:20 bruce9432: http://screencast.com/t/V6EKgPutzVa taking longs off the trend
10:21 bruce9432: broke through
10:22 VO: I keep givin em a chance to take me out be but they wont
10:24 VO: flat 40
10:25 bruce9432: just got a "were sorry" from TS
10:25 Robin: http://206.71.64.13:12001/graphics/thu/Robin187 3-2148.png
10:26 VO: 1 @ 40.75
10:26 VO: stop 41.50
10:31 VO: flat 39.50
10:32 VO: ugh
10:39 Margie: Vo, where do you think we are in count
10:40 Margie: What I have been reading we are in a 535 zig zag
10:40 Margie: and this should be our c or the abc coming down
10:41 Margie: I still have puts and just trying to figure it out
10:41 icepick: I think we might be attempting a neckline at 43ish for inverted head & shoulders - possibly
10:42 Margie: Robin has Larry any thoughts on where we are?
10:42 Robin: LP or LT
10:42 Margie: p
10:42 Robin: hm... let me check my mail to see if he sent anything...
10:44 Margie: Im in real poorly VO
10:44 Margie: spy May 83
10:45 Margie: oh yes
10:47 Margie: Thanks Robin
10:47 Margie: everything seems to say lower
10:47 Margie: but gosh they can do whatever they want
10:47 Margie: ty VO
10:48 Robin: Margie.... I posted the 15 min chart with abcd at 822
10:48 Robin: with very strong MACD histogram reading....negative....
10:49 Margie: new moon on Saturday?
10:49 Margie: anything else :)
10:50 Margie: should of sold my puts when they were in the money, lesson, learned...the hard way
10:51 bruce9432: VO Iam in two other chats and that is all they are talking about
10:52 Margie: ok
10:52 Margie: yes
10:53 Margie: I may take some at be
10:53 Margie: but I would love to still make some $
10:54 Margie: nervois
10:54 Margie: ok
10:54 Margie: I appreciate all the words of wisdom
10:55 palmer: VO
10:55 Margie: Palmer wait for me to get out of my puts, pls
10:55 palmer: I am looking for a break lower
10:56 palmer: I am double knuckl;e
10:56 palmer: vo triple
10:56 palmer: :)
10:57 Margie: on the 60 min PT
10:58 bruce9432: PT, this is going to sound stupid but are you trading the emini or an option of the emini?
10:59 Margie: PT, I appreciate your advise
10:59 Margie: sounds good PT
10:59 palmer: margie
10:59 palmer: use 60 min
10:59 palmer: or 240
11:00 Donkeyote23: http://206.71.64.13:12001/graphics/thu/DonKeyote97.png
11:01 Margie: PT trade why you are talking
11:01 Margie: no I mean keep talking
11:02 Margie: can you chew gum and walk, thou that is the question
11:02 dda: PT your average is 30 ema on the 5 min. chart ? (a guess..)
11:03 icepick: thats good pt - we'd rather listen to you and vo relative to the past couple days
11:04 dda: ok thanks!
11:05 dda: I use 20 & 50 for trend days
11:05 dda: if I can recognize those days..
11:06 dda: lol..
11:11 Margie: PT you are making me very nervois
11:13 Robin: larry T
11:13 prestwickdrive: -50%ib 29.75
11:14 parson: tnx, Robin
11:14 Margie: Robin thx
11:14 Robin: that's the cash...
11:14 Margie: woohoo
11:15 Margie: whats our deadly?
11:16 palmer: I went short 34
11:17 palmer: wow
11:17 palmer: cover 32
11:19 Robin: 829.55 is 1.27 of yesterday range
11:19 Robin: http://206.71.64.13:12001/graphics/thu/Robin187 3-2149.png
11:27 Margie: russell down 1.75%
11:31 VO: s 33
11:31 palmer: what
11:32 palmer: smalls are positive?
11:32 VO: stop 35.25
11:32 prestwickdrive: yes palmer re smalls
11:33 palmer: they banking on a repeat of yesterday
11:33 palmer: late day reversal
11:37 gila: shut it down reboot mine now works after 2nd reboot
11:37 gila: do it again
11:37 VO: flat
11:38 gila: my charts said crazy things like dummy
11:43 Robin: http://206.71.64.13:12001/graphics/thu/Robin187 3-2150.png
11:47 PopStocks: 815 minimum today, 810 likely - 800 possible
11:53 palmer: so our range today is only 14 points
11:54 palmer: so I guess we will break after lunch
11:55 PopStocks: this is going to be a massive day
11:56 bruce9432: triangle coiling up and going to bust
11:56 PopStocks: on this rebound could not get 1 tick above yesterday's lows
11:57 PopStocks: 822 - 817 - 810 -800
11:59 Margie: give 'em a beating!
12:02 Margie: The one EWT site I visit says we are in wave 2 of c or 2 of 3 of c..any thoughts VO
12:02 Margie: every time you say your wrong...you are right
12:03 Margie: or the percentage is high...
12:03 palmer: well for what it is worth
12:03 palmer: I am buying that 822 area
12:03 palmer: if we get there
12:03 Margie: are we in a diagonal for 2
12:03 palmer: you going to join me VO
12:04 palmer: we are the mavericks
12:04 palmer: :)
12:04 palmer: 27
12:04 palmer: yep
12:04 palmer: I see ethat
12:04 icepick: me too - 28.75
12:04 Margie: whats your target for puts VO
12:05 PopStocks: man look at this ratcheting, winding up for a great breakdown
12:06 Margie: Vo sounds good
12:07 Margie: oh Vo you gonna make me look stupid
12:07 Margie: 2.84
12:07 Margie: Im still under water
12:07 Margie: wasn't a wise move on my part
12:08 PopStocks: 810 Margie, no worries
12:09 PopStocks: Today is the follow through I was expecting on Tuesday's open
12:10 Margie: Its okay maybe someone will learn from my mistake
12:10 Margie: Shoulda taken my profit Tuesday morning and waited for retracement and bought puts yesterday again
12:12 Margie: Is this 2 a diagonal, I dont get it?
12:13 Margie: what would you call it?
12:13 Margie: Im looking it up in my book, thx
12:14 PopStocks: 35.50 rejected again, bearish
12:14 PopStocks: 35.5 yesterday's lows
12:16 PopStocks: 37.25 day's mean
12:16 icepick: shorting 39.75 if it gets there
12:18 prestwickdrive: 15 min to 41 off 31.25
12:18 icepick: but only if it gets there in the next 10 minutes
12:20 Margie: Kool just posted a message, virus got his computer, back tomorrow
12:20 gila: nas improving though smh still down
12:21 karen: thks margie
12:21 karen: wondered where he has been
12:21 Robin: oh that's great to hear margie!
12:21 icepick: mirus - or virus :)
12:21 Margie: I hoped he would be back soon
12:21 Robin: thanks for sharing that...
12:21 gila: thx we missed him
12:22 Margie: up cycle until 12:40 on 5 min
12:23 bruce9432: Kool, conspicuous by his absence
12:23 Margie: I should prob go away and come back, been trading short term too long and now the longer term stuff is driving me crazy
12:23 bruce9432: right margie, I am going for a run
12:24 Margie: repeat pls VO
12:24 Margie: so 12:40 ET
12:25 Margie: okay hopefully that ends 2
12:25 Margie: I do
12:25 Margie: most definitely
12:26 Margie: see what I wrote at 12:22 ET
12:26 Margie: Bruce have a nice run
12:26 Margie: Pay attention :)
12:27 palmer: can this be any more boring
12:34 PopStocks: it's coming palmer
12:39 palmer: long 36
12:41 PopStocks: short 1 37.5 for fun
12:41 Margie: I show 12:35 and 12:40 but then I never know if we have to add an additional bar
12:41 palmer: out 38.25
12:41 palmer: thanks
12:42 Margie: good job Palmer
12:42 palmer: that 15 min histogram
12:42 palmer: makes me think a little higher
12:42 PopStocks: stop @ 840
12:43 Robin: http://206.71.64.13:12001/graphics/thu/Robin187 3-2151.png
12:44 prestwickdrive: 41 is 15 min off 31.25
12:47 Robin: but it could test that and fail
12:48 Robin: and larry and Jim's comments are based off the cash levels
12:48 PopStocks: ah forgot how much I hate to trade ES around lunch
12:49 palmer: PT
12:49 palmer: aint that 15 min triggering a buy
12:52 palmer: ok
12:53 palmer: yep it does
12:54 palmer: texbook
12:54 Margie: I did, he helps me sleep at night
12:54 palmer: textbook
12:54 Margie: it
12:54 PopStocks: here we go, lunch ending
12:54 Margie: it helps me
12:56 PopStocks: out at break even, boredom stop
12:58 VO: s 1 @ 38
12:59 PopStocks: trying to short 839 1 last attempt
13:00 PopStocks: filled
13:01 PopStocks: stop 842
13:01 palmer: thhink we see 840
13:01 palmer: and the deadly
13:01 PopStocks: lunch break over
13:02 PopStocks: looking for 35
13:02 Margie: ugly up cycle ending in 5 minutes
13:02 Margie: next candle
13:02 Margie: 5 min candle
13:02 Margie: 1:08 on 1 min
13:03 Margie: where do you think wave 5 of 1 ended VO
13:04 Margie: at11:15 or at globex
13:04 PopStocks: 41 is valhigh
13:05 Margie: at 10:03
13:05 prestwickdrive: 40.5 dvah here
13:06 Margie: so when it hit 31.25 that was part of the 2 we are still in
13:07 Margie: we could be in a smoke cloud
13:07 Vast524: As clear as mud. lol
13:07 Margie: lol
13:07 Vast524: Hi
13:07 PopStocks: hey
13:07 Margie: Hi Vast
13:08 PopStocks: oh well looks like i'm in a lemon here
13:09 VO: add 41.25 if they give it to me
13:10 PopStocks: got a bracket order going, 35 or 42, we'll see
13:10 PopStocks: sellers must be taking a nap or something
13:10 Margie: Come on Mr. Bat
13:13 palmer: wow I didn't get filled
13:13 PT: good call on that deadly 15 palmer
13:13 palmer: man
13:13 palmer: PT I didn't get filled
13:13 palmer: rrrrrrrrrrg
13:13 PT: maybe you will on the retest palmer
13:14 palmer: nono retest becuase VO 100k lots will push it down
13:14 palmer: :)
13:14 palmer: let me in VO
13:15 palmer: hehehe
13:15 palmer: I will cheer for u
13:15 PopStocks: out at break even , again... snore fest here
13:16 PopStocks: enough ES for me today, back to watching my puts grow
13:16 palmer: water those puts pops
13:16 palmer: with some fertilizer
13:16 PopStocks: yeah with some Bull
13:17 palmer: yep
13:17 palmer: red bull
13:18 palmer: VO becareufl
13:18 palmer: of that 41
13:18 palmer: might trigger some buying
13:22 prestwickdrive: I did (got scared of 41 ss)
13:22 icepick: i'm in a little early at 9.75
13:23 palmer: long 41
13:23 PopStocks: man I really wanted to see that 830 broken, now starting to have doubts
13:23 palmer: 39 stop
13:23 palmer: call me dum
13:23 PopStocks: waiting to see if we get this 1:30 peak
13:24 palmer: out 42
13:24 PopStocks: 1:50 peak reather
13:24 prestwickdrive: not dum so far
13:24 palmer: scared to me in longer
13:24 palmer: with VO against me
13:25 Margie: I get a proj to 842.50 so I hope it holds
13:26 Margie: 1st 5 candles on 5 min
13:27 prestwickdrive: 45 = 50%ib
13:27 VO: add 42.50
13:28 PopStocks: 845 is 5 day mean
13:29 VO: sstop 44.25
13:31 JackS65: AdvGet chart posted
13:32 Robin: Thanks Jack :)
13:33 PopStocks: well this could just remain a range day, was hoping we would get an extension beyon 830, doubtful now
13:33 palmer: we touched the 844 pivot and that's it
13:34 Margie: Jack's chart does not make me feel warm and fuzzy at all
13:34 palmer: PT that 15 min buy was a gold down 35.50
13:34 Margie: Vo what have you been sending advget?
13:34 palmer: yep
13:35 palmer: 46. should be the next pause
13:35 prestwickdrive: 2.66 bid to cover on TIPS auction. no inflation yet but ....
13:41 palmer: what this like 7 wave up on the 1 min
13:41 feng456: hey popstocks
13:42 feng456: where did u say I could find some free market profile software?
13:43 palmer: feng I been looking too
13:43 feng456: and I dont have mumble on
13:44 PopStocks: feng, thinkorswim offers volume by price, thats what I mentioned
13:44 feng456: not the same thing?
13:44 PopStocks: also qcharts offers some stuff
13:44 PopStocks: well volume by price is all you need to do basic mp
13:45 feng456: is it under their software section/
13:45 palmer: VO you still short?
13:45 JackS65: \Price & Vol chart posted
13:47 VO: flat 41 for small loser
13:48 PopStocks: yes feng, thinkorswim desktop
13:49 dda: Quotetracker also has volume by price
13:49 feng456: ty
13:51 PopStocks: 39 test will be very telling
13:51 palmer: yep
13:56 feng456: wait wats important about 39?
13:58 palmer: I think they are waiting on this crappy stress test toomrrow
13:59 Margie: tomorrow they come out with how the test was run
13:59 PopStocks: doesn't sound that important
13:59 palmer: nothing it is political
13:59 Margie: I think the banks will start to fail when we have our next big fall later this year
14:00 palmer: regulators should know about the banks stress level already
14:00 palmer: this is all political
14:00 Margie: they said they are going to grade on a curve,mbecause they cant pass
14:00 Vast524: s@ 41.25
14:00 bruce9432: VO, when Geithner releases the info the bad banks will take a huge hit on the stock market, once that happens it might turn into a panic
14:01 Margie: the grades will be a lie but eventually the truth will come out
14:01 Margie: a@@
14:01 palmer: vasst u beat me
14:01 palmer: 40.75
14:01 palmer: here
14:02 palmer: long
14:02 palmer: nope
14:02 Margie: it camback and kissed the tl and then adios
14:02 palmer: short here
14:02 palmer: last long I took +1
14:02 palmer: 41 to 42
14:02 Vast524: flat at BE
14:03 palmer: stop @43
14:04 palmer: looking for 39.50
14:05 feng456: man the platform for thinkorswim sure looks cool
14:06 palmer: joining me VO?
14:06 palmer: give dem a 10k lot
14:06 PopStocks: http://easycaptures.com/fs/uploaded/213/1251841830.png
14:07 Margie: we are in a tight channel going down for this four
14:09 prestwickdrive: a talking head on cnbc was just suggesting to watch the vix, mentioning that it spiked 10 minutes ahead of the fall into the close yesterday
14:10 Margie: good call Palmer
14:11 palmer: looknig for 39.50
14:11 palmer: to get out
14:11 PopStocks: maybe today is all about catching retail in a bull trap... who knows
14:11 palmer: out +1.25
14:12 Margie: yep
14:12 palmer: see you at 35
14:12 Haku: for the gals: mystery millionaire looking for a wife
14:12 feng456: I can do a sex change
14:13 Haku: are you tall?
14:13 feng456: and pop I got the desktop thing installed and all but where do find this volume indicator thing?
14:13 Margie: thats sounds most attractive...not!
14:13 feng456: dude with surgery these days...
14:13 feng456: I can be anything u want me to be ;)
14:13 Haku: oh, funny!
14:14 Haku: for the guys: if you want a wife, the fee is $50,000 payable to the matchmaker
14:14 feng456: yea no thanks
14:14 Haku: I'm worth at least a million... :o))
14:14 feng456: marriage for me is overrated
14:14 feng456: r u really?
14:15 feng456: people tell me 'ur worth a million bucks'...but I dont think they actually mean im worth a million dollars
14:15 Haku: it's the cliche
14:15 PopStocks: feng, the volume profile is under "active trader"
14:16 feng456: ok im there
14:17 PopStocks: I think if we were going to take out 45, we would have opened up there this am
14:18 Vast524: Bigs have been flat on this over the past 45min it looks.
14:18 PopStocks: my forecast is low on the 28th
14:18 Margie: Pt you know, tell us, please
14:19 prestwickdrive: agree vast and smalls selling
14:20 Vast524: That is what it looks like PWD. Smalls have solda lot in this last 45min
14:21 palmer: 60 is H&S
14:21 palmer: for sure
14:21 palmer: pops yo umight have a good one there
14:21 palmer: waiting on the last hour
14:21 palmer: like yesterday
14:21 Vast524: s@40.75
14:23 PopStocks: I think financials are doing their best to confuse everyone else, they run this show afterall
14:24 karen: true pop
14:24 prestwickdrive: 15 min proj is 37.5 area off of 44
14:26 prestwickdrive: scratch that above. I calculated wrong
14:27 prestwickdrive: right and we hit 38.75
14:28 VO: l @ 41.50
14:29 Vast524: flat at be
14:30 prestwickdrive: nice one vo
14:32 prestwickdrive: jinxed you sorry
14:34 PopStocks: we saw the top yesterday at this same time of fay
14:34 PopStocks: time of day
14:37 palmer: think u right on this trade VO
14:37 akola: break of 43.50 and it goes to 46
14:37 palmer: new highs
14:37 palmer: had their chance to take us down I think
14:38 palmer: right friend
14:38 palmer: u got this one though
14:38 palmer: new highs
14:39 VO: 1 @ 44.75
14:40 VO: stop 42.75
14:40 Vast524: Well traded VO
14:41 prestwickdrive: 49= 100% ib
14:42 VO: flat 46.25
14:42 feng456: target?
14:43 PashaLV: 849 = yesterday vwap
14:43 Margie: I think this is f
14:43 Margie: 5
14:44 Margie: yes
14:44 PopStocks: globex highs are 48
14:44 PopStocks: come on bpt where are you
14:45 PopStocks: bpt = bear protection team
14:46 Margie: we hit at 50% no?
14:48 Vast524: 61.8 of what vo sorry
14:48 Vast524: ok
14:48 Vast524: TY. Was wondering.
14:50 Vast524: 48.50 is the 15min deadly
14:50 PopStocks: 3pm usually has some kind of program stuff happening
14:51 Margie: thats what I see through my goggles
14:52 Margie: I have my tl on big chart and want it to break, it would make me feel alot better
14:55 PopStocks: here comes the BPT
14:55 feng456: damn that pissed me offf
14:56 PopStocks: what feng?
14:56 feng456: didnt hit my exit
14:56 PopStocks: you can always jump out at market if you want
14:56 Margie: they are saying eave 5 of 2 of c...that would be lovely
14:57 Margie: wave
14:57 Margie: yes
14:57 Margie: I love that line
14:57 Margie: Bingo
14:58 Robin: :44: OK the SPX has made it into the low-850's, as was favored. this same 850-853 range is also short-term
resistance to any move higher, then the 861 level above that
14:59 PopStocks: volume still sucks
15:00 palmer: short 3.50
15:00 palmer: stop 46.00
15:01 palmer: want 39.5 again
15:02 Margie: a kis
15:02 Margie: a kiss
15:02 palmer: stop now 45
15:02 palmer: now 44
15:02 Margie: they did it on the wave 3 tl for the 4 to start
15:04 Margie: california suing Wells Fargo for 1.5B
15:05 Haku: I guess that's what you call "rebalancing" the economy
15:05 Margie: abc
15:05 Margie: tiny pls
15:05 palmer: come on 39.50
15:08 PopStocks: you'll get it palmer
15:08 PopStocks: much more if you are patient
15:09 Vast524: now now
15:10 Vast524: I am a big now
15:10 palmer: out
15:10 palmer: +4
15:10 palmer: thanks
15:10 prestwickdrive: terrific
15:10 Margie: no kiss
15:13 PopStocks: should be able to at least test 34 day's val low
15:14 PopStocks: 36 could be a bounce
15:19 bruce9432: me
15:19 Vast524: Well done Jack.
15:19 Margie: is this 1 now Jack
15:19 bruce9432: I am on the houses money
15:19 Margie: accorfing to adv get
15:20 parson: congrats, bruce. me, too!
15:20 Margie: Jack they say four?
15:21 Margie: According to who Jack?
15:21 Robin: murray math reversal days...
15:21 Robin: i'll get the link for you Margie... I have to say I'm quite impressed with these dates... quite accurate
15:22 Robin: http://mysite.verizon.net/bonniehill/pages.aux/murrey/reversal.2009.html
15:22 Margie: thank you Robin!
15:23 Margie: Robin, you have all the tricks, keep it coming
15:23 PopStocks: ideally this will close at lod, 22 would be great
15:23 Robin: :)
15:27 PopStocks: this L rotation is highest selling of day so far on the bav
15:29 Vast524: gulp
15:29 Margie: disgusting
15:29 Vast524: Off the floor margie
15:29 Margie: VO, will you send then the right count...lol
15:30 Margie: thats what I was just saying under my breath
15:30 Margie: I am
15:30 Vast524: touch wood
15:30 Vast524: touch anything
15:32 VO: l @ 39.50
15:32 VO: stop be
15:34 VO: flat
15:34 JackS65: Have to pickup grandchild see you all tomorrow
15:34 Margie: Jack , all joking aside, thank you for the charts
15:34 Vast524: TY Jack
15:34 Margie: Take care
15:34 Robin: thansk Jack.. take care!!
15:36 PopStocks: small volume, still
15:38 VO: l @ 39
15:39 VO: stop 37.50
15:42 VO: 1 @ 42.50
15:43 VO: stop 41
15:44 karen: nice trade VO
15:44 VO: 161.8 = 44.75
15:44 palmer: nice VO
15:44 VO: 46.25=200
15:45 Robin: very nice VO!
15:45 PopStocks: still no volume, this is out of wack
15:45 VO: flat 45
15:47 VO: ty
15:47 Vast524: You write it don't you PT
15:49 Vast524: spin doctor
15:49 Vast524: A degree in spinology
15:49 Margie: WE didn't mean to be stupid and greedy
15:50 Margie: So PT your telling me my puts are toast?
15:52 Margie: so Vo even if it puts in a higher high that 2 4 line is still ok?
15:52 palmer: I guess no lows on this 15 min candle
15:52 Margie: I am at this point...TARP Please
15:53 Margie: Jacks charts were right
15:53 Margie: here is our five huh?
15:53 VO: s 1 @ 48
15:54 Margie: PT why do you say 850?
15:55 Robin: http://206.71.64.13:12001/graphics/thu/Robin187 3-2152.png
15:56 karen: AMZN and MSFT report after close, fwiw
15:56 palmer: VO you had some awesome trades
15:56 palmer: today
15:56 bruce9432: that's some risk reward ratio
15:56 palmer: wish I took some
15:57 bruce9432: Let your losers run
15:57 palmer: VO=Viscuous Organic Trader
16:01 karen: trading globex tonight VO?
16:01 gila: lots earnings after bell
16:02 Margie: if you draw a new 2 4 line it is a far way from where we are now
16:02 palmer: 20 point range today
16:03 palmer: thanks PT with the help yesterday
16:03 palmer: uses the plan effective today
16:03 palmer: no 1 min for me
16:04 feng456: cya guys
16:04 palmer: I missed that buy on the 15 though
16:04 feng456: tomorrow
16:04 palmer: and we were talking about it
16:04 palmer: I didn't take it
16:04 palmer: rrrrrrg
16:04 palmer: was golden
16:04 palmer: yep
16:05 Haku: Robin, the turn dates 24th high and 30th low?
16:05 Robin: well... the last turn date was a low...
16:05 Robin: so, the odds say... the 24th will be a high
16:05 Robin: but.. just recently we had a low then a low...
16:05 Haku: yep... I agree
16:05 Robin: so have to keep that in mind...
16:06 Haku: we're doing a 2nd wave consolidation thingy, on the hourly, looks like
16:06 Robin: i'm being honest... these murray math turns are quite amazing...
16:06 Robin: just to keep in the back of one's mind...
16:06 Robin: where the market is when that date comes
16:07 Haku: yep... trade what you see.. not what you think... lol
16:07 Robin: :)
16:07 Haku: with that... we need to restore our brains... will go see a movie right now... bye, everyone.. see ya tomorrow
16:07 Haku: thanks, robin
16:07 Robin: take care Haku :)
16:08 Haku: :o))
Friday, April 24th

07:43 LordAlfa: Hi palmer, Robin, karen, Haku, gila
07:45 karen: gm LA
07:47 LordAlfa: How was globex?
07:47 LordAlfa: Lost 2.75
07:48 LordAlfa: There is a heat wave here. Air conditioning is at full blast.
07:49 karen: I took a short at 49.50, covered at 44.25, and then went to bed
07:49 karen: really? we just had a thunderstorm and hail...clearing up now
07:49 LordAlfa: Good for you. Tried to short 48. Got stopped at 50.25
07:51 karen: I've been doing better in the globex session lately than in the intraday
07:51 LordAlfa: 15 min up at 58.25
07:51 palmer: GM traders
07:52 LordAlfa: Hi palmer
07:52 LordAlfa: Any luck at Globex?
07:53 LordAlfa: 0830 Durable Goods Orders
07:53 LordAlfa: 1000 New Home Sales
07:53 LordAlfa: That's it.
07:54 LordAlfa: VO just got in
07:57 palmer: what's up LA
07:57 LordAlfa: Down about 3 pts
07:58 palmer: I got one trick on a buy last night
07:58 palmer: 2 ticked
07:58 palmer: so I just truned on my stuff
07:59 palmer: would love to gte short up that 57/58 level
08:02 LordAlfa: Put up an order sitting there. I have 2 and 58.25 and 58.50
08:02 LordAlfa: A buy level at 48.25
08:10 palmer: short 53.
08:12 VO: gm traders
08:12 palmer: morning VO
08:12 VO: s @ 53...stop 54.50
08:12 Margie: gm
08:13 VO: hi margie
08:13 karen: Durable Goods out in 17 min
08:14 palmer: thanks Karen forgot we had #s
08:14 VO: I guess they not gonna like the number
08:14 palmer: I will bail before then
08:17 VO: 5m was 54.25
08:18 VO: dont be scared people...we should go down
08:19 palmer: why you say that VO
08:19 VO: the magic 8-ball dont ever lie
08:22 VO: ifbwe print 55.75 then im dead wrong and have no clue
08:26 LordAlfa: Printed on the forum. Kool's got computer virus and was attacked. Crashed big time.
08:29 palmer: stop @55
08:29 LordAlfa: This film won top short film in Berlin. sad case but true. See it here in Asia when I travel.
08:29 LordAlfa: http://www.cultureunplugged.com/play/1081/Chicken-a-la-Carte
08:30 Margie: Good luck
08:30 palmer: s/o
08:30 prestwickdrive: -.8 vs. -1.5 expected
08:30 VO: s @ 55.25
08:31 prestwickdrive: Feb revised to +2.1 vs. +3.5
08:33 karen: nice trade VO
08:33 karen: only other number today is New Home Sales at 10:00
08:34 VO: bastards stopped me 1st time...AND printed 55.75
08:34 VO: 1 @ 52.25
08:34 palmer: down -.5
08:34 palmer: chased a scalp after I got stope dout
08:35 VO: stop 54.75
08:37 LordAlfa: Watching a vampire movie now. Let the Right One in. Swedish. Sure gives chills.
08:37 VO: look at that nasty 5m
08:41 VO: might get rich here
08:43 LordAlfa: How many did you have?
08:43 VO: 2
08:43 LordAlfa: 15 min is reall going to get 43.25
08:45 VO: margie...look at gc on a weekly
08:46 LordAlfa: 5 min 46
08:46 LordAlfa: 1 min whole move 44.50
08:51 LordAlfa: 5 min retrace 54.25
08:51 VO: gonna grab a shower....stop 4.75 target 0
09:06 Margie: Vo I cant get the GC weekly
09:06 Margie: I pulled up gld, but probably too different
09:08 palmer: alot of projects down to that 44 area
09:09 parson: Right!. I just wonder when? :-(
09:12 LordAlfa: bingo for the 5 min
09:13 LordAlfa: 15 min up 55.50
09:14 LordAlfa: 15 min 58.25 still in force
09:14 LordAlfa: enforced
09:14 LordAlfa: unless 48.25 get taken out.
09:18 LordAlfa: 54.75 is the 78.6 ret
09:18 LordAlfa: I think 'll go higher
09:20 palmer: I think these guys try for 860/862 early
09:20 palmer: and sell us off
09:21 LordAlfa: I'd think so too. The abc off the bottom 161=59.50
09:22 LordAlfa: Let's see if we get a bounce of 55.50, 15 min deadly
09:22 LordAlfa: 43.25 down projection nulled
09:26 LordAlfa: Thanks. Upside yes. We are above the pivot and near R1
09:26 LordAlfa: Or at R1
09:28 LordAlfa: 15 min pojections 58.25 and 66.75
09:29 LordAlfa: and 56.25. missed that 0845 to 0900
09:31 prestwickdrive: 50% gap 52.25, gap 48.75
09:31 gila: f up .77 17%
09:33 LordAlfa: 1 min projecting 58
09:33 PashaLV: S@ 55
09:33 prestwickdrive: bigs bought, smalls sold off open
09:34 PashaLV: stop high
09:34 LordAlfa: negated
09:37 prestwickdrive: 50% gap hit
09:37 palmer: prest was that 52.25?
09:38 LordAlfa: yep that's what he said
09:38 palmer: opps didn't scroll up
09:38 palmer: thanks
09:39 prestwickdrive: 856 sq 9
09:41 You have a PM from PT
09:42 prestwickdrive: new home sales at top of hr
09:44 VO: selling
09:45 prestwickdrive: vo - think this is this 5th wave off of 41.5 glbx low?
09:45 prestwickdrive: 15 min
09:45 VO: not sure
09:46 LordAlfa: They look like they want to bring her up above R1
09:46 LordAlfa: Then again no
09:46 VO: s @ 54.25
09:47 VO: stop 56.75
09:47 LordAlfa: whippy action
09:48 LordAlfa: Can't make up their minds up or down
09:50 Margie: Howdy, PT
09:50 dda: good morning
09:50 gila: smh down 2days in a row
09:51 LordAlfa: 1 min up proj 60.75, down 49.25
09:52 Margie: cnbc counting down stress test to 2:00 now
09:53 VO: cnbc blows
09:53 VO: flat
09:53 Margie: fully aware, It doesnt matter what the new is, they move it at that time
09:54 LordAlfa: Oh Nooos! Scary stuff again.
09:54 LordAlfa: No fill for 57.75. Damned!
09:55 VO: s @ 55.50
09:58 LordAlfa: I have 3x 15 min projection for 66 levels. R2=66.50
10:01 VO: flat selling again
10:03 LordAlfa: 3x 1min projections to 60.75
10:03 VO: s @59.75
10:04 palmer: shorting 61.25 if we get there
10:04 VO: will add up to 66ish
10:05 LordAlfa: selling 60.75 for scalp.
10:06 Vast524: I had that
10:07 LordAlfa: I have to correct the 15 min. I have 2 at 66.75 and one at 868.50
10:09 palmer: remove my order
10:09 PashaLV: S@59
10:11 gila: open gap from last fri close
10:12 VO: 1@ 55.75
10:15 Vast524: I have 54 and 56
10:15 Vast524: Probably does it everyday PWD. lol
10:19 Margie: What indicator was that, PT?
10:20 Margie: Is it in your indicators?
10:21 PashaLV: yesterday POC andVWAP are pretty close so we may expect move down to 40 area
10:23 LordAlfa: S54.75
10:24 Vast524: hi kool. welcome
10:24 Robin: Kool!!! welcome back!! :)
10:24 Vast524: thats cheap
10:25 LordAlfa: Must be those adult downloads
10:25 Margie: Kool, nice to hear your voice
10:25 karen: hey kool...nice to hear you
10:25 gila: welcome back kool did it affect your trading computer too
10:26 TraderX: we got hit with a virus here too, want u to buy a software to remove a virus they put on the computer.. it disabled mcafee, and I couldnt reload mcafee, or spybot, or adaware. just had to reload windows...
10:27 LordAlfa: I am quite safe. My firewall doe sthat for me. My firewall is another computer. A P4 Celeron.
10:27 TraderX: what is the name of the firewall, is it smoothwall?
10:27 Vast524: better take him up PT to the newbie room.lol
10:29 karen: yes sir
10:36 LordAlfa: Yes TraderX Smoothwall and some modifications.
10:37 Vast524: nope
10:37 LordAlfa: With Zap Ad.
10:37 LordAlfa: There is also pfSense, which is good.
10:39 VO: add 1 @ 56.50
10:39 Robin: well... everyone here really missed y ou :)
10:40 gila: hes upset mkt didnt drop
10:49 VO: I stopped both @ 58
10:49 VO: f es, f ewaves, and did I say F ES!
10:49 LordAlfa: If we take 2 bar proj, 1030 to 1045, we get 866.
10:50 LordAlfa: LOL
10:50 LordAlfa: You need anger management
10:51 LordAlfa: I am down. 8 points. If this 866 don't work out, I'll call it a day.
10:51 palmer: I am down 6
10:52 koolblue: chart posted
10:52 PashaLV: short again @58.75
10:56 koolblue: I believe 864.50 is in the cards
10:59 prestwickdrive: 64.25 = 50%ib
10:59 prestwickdrive: 61.75 = .62 ext of yest range
11:03 prestwickdrive: Ford is +17% because they are only losing $41 million a day now
11:04 palmer: I am getting alot of 866.75 projections
11:05 LordAlfa: PWD, that is amazing. Some world. You get marks for performing better than worse.
11:05 LordAlfa: yes. palmer, 866 levels
11:06 koolblue: ANOTHER CHART POSTED
11:07 prestwickdrive: lol LA. to be fair they projected profitability in late 2010 I think
11:10 palmer: third time
11:12 LordAlfa: Can you imagine kids coming from school with their report cards and say "Dad, I've got 45% pass instead of 35% last year. Now I want my Hagen Daaz.
11:12 LordAlfa: I'll spank them
11:15 gila: 867 8084 1352.75 last fri close
11:16 Haku: mbe they learn that from their father? :o)))
11:16 Haku: just kidding, of course...
11:16 Robin: http://206.71.64.13:12001/graphics/fri/Robin187 3-2153.png
11:17 gila: 2pm stress test info
11:17 gila: may4 results
11:21 LordAlfa: I did not trade for 3 days too. Monday was crap. Just went up then down.
11:22 LordAlfa: Tues led in Globex and gave bacl 9 pts. gave up
11:22 icepick: I was just going to say - now that I think about it, LA wasn't here either :)
11:23 LordAlfa: Wed led with 10.75 pts in Globex so gave back 2 and went to sleep
11:23 LordAlfa: Thu is no trade day.
11:33 karen: LA...I did better in globex this week than I did in intraday trading
11:34 LordAlfa: Same here. Not today though. I broke even. Wasn't paying attention.
11:39 koolblue: sold 862.25
11:40 icepick: i'm w/you -62.00
11:40 koolblue: looking for 860.50, will exit just before
11:41 icepick: have my order at 60.25, should I move?
11:41 koolblue: exited both at 861.00...plus 1.25 on each...up 2.5 on the day
11:54 koolblue: long (one only ) from 862.00 the boll avg..looking for that 864.50 number,minimum
11:58 Vast524: good job
11:58 LordAlfa: Order at 64. 1 ticked 3x
11:58 koolblue: covered at 863.50...plus 1.5...now up 4 and watching
11:59 dda: kool you forgot to change the font color to blue :)
11:59 LordAlfa: canceled my order at 64
11:59 Vast524: Mine keeps changing by it self
12:00 koolblue: better?
12:00 palmer: why you cancelled LA
12:00 Vast524: ty
12:00 LordAlfa: 1 ticked. 3 x. I think she wants higher than 64.
12:00 dda: better than koolblack
12:01 palmer: well we got some projects up to 66.75
12:02 LordAlfa: yep. I think the bounce there will be tremendous.
12:11 palmer: u short margie?
12:11 palmer: okie
12:12 palmer: oh that's right
12:12 palmer: popstocks too
12:12 Margie: Im short and trying to find my way out
12:13 LordAlfa: from?
12:13 Margie: Got rid of half my trade yesterday and trying to find the lo of the day, today
12:14 Margie: I got in midday Monday thinking we would have at least a three day decline, I was in the money and didnt get out
12:14 Margie: foolish
12:14 Margie: now trying to find my way out...
12:15 LordAlfa: ok. I close my trades by 1613h automatically. I will not hold over the close.
12:15 Margie: I am hoping the range for today will have 864 as the hi
12:15 LordAlfa: Kool's avg held the decline
12:15 Margie: it is an option trade
12:16 LordAlfa: OK. Options.
12:16 LordAlfa: last lo2 bar min 64.50
12:17 palmer: wasn't the gap from last friday 867area
12:18 LordAlfa: vol is tricling
12:19 PT: palmer: 866.75
12:20 LordAlfa: That's a another coincidence
12:20 palmer: very interesting
12:20 bruce9432: Interesting stats from the WSJ regarding Credit Defalt Swaps (puts) "Between July 9 and Aug. 3, 2007, the cost of insuring AAA MBS (mortgage backed securities) tranches went from $50,000 upfront plus a $9,000 annual premium for $10 million of insurance to over $900,000 upfront (plus the annual premium). Thats an 18 bagger in less than 30 days
12:20 palmer: so we have gone nowhere in a week
12:20 palmer: :)
12:21 PT: yep
12:23 palmer: yep that's how I see it
12:23 palmer: bulls advantage
12:24 palmer: and importantly the range is getting higher
12:25 palmer: range was 790-825 then 800-850, now seems like825-875
12:27 gila: nasdaq up for the week so far
12:27 gila: look at smh up after 2 or more down days
12:28 Vast524: Such a big difference between the bigs and the smalls today
12:33 bruce9432: Is there some bank stress info coming out at 2 edt?
12:34 prestwickdrive: I think it is supposed to be the stress test rules, not results, but not sure
12:35 PT: all this for a set of rule ?
12:35 PT: lol
12:38 gila: so u predict further up move kool thx
12:39 gila: my
12:41 Vast524: Along with the new viruses lol
12:41 LordAlfa: bingo 64.50
12:41 gila: good for u la
12:42 palmer: no fill for me
12:42 LordAlfa: Did not have an order in.
12:44 Vast524: He had enough I think.
12:44 gila: nas russell midcap up or flat for week
12:44 Vast524: 10:49 VO: f es, f ewaves, and did I say F ES!
12:45 akola: lol
12:47 bruce9432: pleeeze hit 63
12:49 LordAlfa: no fill 62.25
12:49 LordAlfa: One more time. c'mon
12:50 LordAlfa: L 62.25
12:50 koolblue: OUT AT 863.00...plus 1 .5 there...up 5.5 on the day
12:50 icepick: 152
12:51 icepick: STUDENT PILOT
12:51 icepick: not really - don't know
12:57 palmer: has been above it all day on the 5
12:59 Vast524: I don't think PT you like days like this do you
13:01 Vast524: trend days I mean
13:01 LordAlfa: stop 61.50
13:06 palmer: that 15 min chart is str8 up
13:06 LordAlfa: trend day, forget the short join the crowd
13:07 palmer: I can imagione short have bee adding but we goign up
13:16 LordAlfa: chickened at 63.50
13:17 gila: skf 52week lo
13:23 koolblue: selling one
13:24 koolblue: short one from 864.75...tight 1.5 stop
13:26 LordAlfa: L 53.50
13:27 koolblue: out at 863.25...plus 1.5 now up 6.25...watching
13:31 LordAlfa: stopped
13:36 koolblue: buying 859.75
13:37 bruce9432: madcap
13:39 kenga: sorry about that..just wanted to share that
13:40 bruce9432: I think Ford drove it up (no pun intended)
13:40 gila: gs now neg skf off lows
13:48 Margie: who is that MAx?
13:48 palmer: PT-you see this 15 min histogram
13:49 kenga: inthemoneystocks.com
13:49 LordAlfa: turning red
13:49 palmer: yep
13:49 kenga: www.inthemoneystocks.com
13:49 Margie: it was Monday
13:49 Margie: I waited too long to buy
13:50 Margie: it was about 850
13:50 Margie: but time decay is at me
13:51 palmer: PT-first try all day on that 15
13:54 koolblue: order cancelled
13:54 LordAlfa: I have already done that after we bounced off the 60.25
14:01 bruce9432: in @59 LONG
14:01 bruce9432: oUT 61
14:02 koolblue: short from 861.00
14:02 LordAlfa: 1 min 1 bar proj 866
14:04 koolblue: stopped at 863.00...loss of 2 ..up 4.25 now
14:04 feng456: hey kb why did u short?
14:04 LordAlfa: L 62.25
14:06 koolblue: buying 860.50
14:07 LordAlfa: stopped
14:10 koolblue: stopped at 859.75..loss of 0.75...up 3.5 now
14:11 myptofvu: Hello everyone its good to be back
14:12 bruce9432: that must be some test
14:13 Haku: margie gained some ground on her puts... :o))
14:15 koolblue: long from my 854.50...covered one at 856.00
14:16 koolblue: plus 1.5 ....now up 5 again
14:17 koolblue: out nat 856.50...got skittish
14:18 koolblue: plus 2 there...now up 7 and watching
14:20 Vast524: You wrote PT. You tell us.
14:20 Vast524: Or proofed it anyway
14:20 bruce9432: they released the criteria and now it is being analyzed
14:23 bruce9432: BRIEFING.COM] According to a government statement, the methodology used in conducting the government's bank stress tests was not intended to be a worst case scenario, and large banks need to hold additional capital, according to Dow Jones.

According to Reuters, Fed officials are looking for substantial capital buffers over capital ratios. Dow Jones stated, though, that a focus on common equity does not imply a new capital standard.

In a knee-jerk reaction to the data, stocks moved lower but have since recovered.
14:24 PT: Vast, I proofed it last night but only for grammar, have no idea what it said :)
14:24 PT: statement meaning is VO's department
14:36 myptofvu: Wheres VO?
14:37 PT: VO took the afternoon off
14:38 bruce9432: I miss the advanced gett.
14:41 feng456: how was VO's morning?
14:41 Vast524: Best to read throughth epost Feng. Can learn a lot by this. If you right c
14:42 Vast524: click on the echat you can load in alot more lines if you are missing some
14:45 LordAlfa: S 66.25
14:46 LordAlfa: bingo 66.75
14:46 feng456: thanks vast
14:47 feng456: good call LA
14:47 palmer: u got it LA
14:47 feng456: but why that number?
14:47 palmer: I had pulled my order
14:47 palmer: rrrrrrrrg
14:48 LordAlfa: stop 67.
14:48 LordAlfa: 1 min down 62.25
14:48 Vast524: Only worked that out the other day. Was trying to find an old post from earlier in the day.
14:48 LordAlfa: exit at 62.75
14:50 dda: Friday's gap filled..
14:50 feng456: nice trade dude
14:51 Vast524: Did you get filled LA>
14:52 LordAlfa: Yes. But no fill on exit
14:52 Vast524: Doh. That is what I was wondering about
14:53 LordAlfa: I think it'll look for a retrace. 7 waves up on 1 min
14:53 feng456: u still in?
14:54 LordAlfa: yes
14:54 feng456: well 3:00 is coming up fast
14:54 koolblue: 861 becomes decent support now
14:55 LordAlfa: chickened out. +1
14:55 LordAlfa: Short getting scary
14:55 feng456: u made a really good call though
14:56 feng456: well stuff happens I duno?
14:56 feng456: id like to be flat around 3
14:56 feng456: yea
14:57 feng456: dont institutions come around 3?
14:58 feng456: my assumption is there are new players coming in and I dont know what they are thinking yet so I dont wanna get caught up in some change in tide
14:59 feng456: I dont know if thats a correct assumption to make...
15:00 feng456: ok thanks
15:03 bruce9432: I've also heard that at 3pm the bond market quits and those traders come to the futures
15:03 LordAlfa: no fill for 868
15:05 feng456: gj cya
15:05 prestwickdrive: bye kb
15:05 gila: thx have a great weekend nice to have u back
15:05 Vast524: cya kool. good to hear u
15:06 palmer: u shorting LA
15:07 LordAlfa: No fill
15:08 prestwickdrive: 872 high last Fri
15:09 LordAlfa: You short palmer
15:09 LordAlfa: Going to short the 60 min 71.25
15:10 palmer: nope
15:34 karen: calling it a week everyone...have a great weekend all, c u Monday!
15:35 Vast524: bye Karen
15:36 Vast524: It's a worry that ledge. Hope it holds
15:37 Vast524: The more times Iget more worried
15:45 LordAlfa: We have an ascending triangle on the 610T, It will break up.
15:47 LordAlfa: If I played reverses here, I would have made 10 pts
15:48 palmer: pure chop LA
15:48 LordAlfa: Should break up soon
15:48 LordAlfa: Anyway I was long 65.50
15:49 LordAlfa: Oh C'mon. Do they want a curtain raiser
15:51 palmer: wild
15:54 LordAlfa: flat. They stopped me
15:54 Vast524: What was all that about.?
15:55 dda: It made a noise breaking..
15:55 parson: It's called "taking the innocents' money!! :--((
15:56 Vast524: What have they been doing for the past 10 mins..
15:56 Vast524: great trade PT
15:56 Vast524: Drinks are on you PT
15:56 parson: I guess we ought to tape this chart on the wall as a reminder what they can suddenly do to us.
15:57 Vast524: Or Brocholli sprout sandwiches I mean
15:58 parson: The 1 min. chart is impressive!
15:58 Margie: woohoo.....
16:01 dda: If the ledge breaks & not working, the stop on these trades is very tight
16:01 feng456: hey vast r u from south africa?
16:01 Vast524: Aussie
16:02 feng456: well I suck
16:02 dda: 2 more ticks and it's back to the ledge..
16:02 gila: ts quotes have been whacky
16:06 dda: at 13:30?
16:07 Vast524: 13:45
16:07 Vast524: Was size stop is run on a ledge break
16:08 Vast524: They run of your PC clock PT
16:09 Vast524: lol
16:09 Vast524: normally though
16:09 Vast524: cya la
16:10 dda: +1001 from iqfeed
16:10 Vast524: but we really didn't have a big day in cash hours though
16:12 prestwickdrive: tick so far +1001 dtn, +1208 reuters, +1115 schwab
16:13 dda: so add 1191 from MBT..
16:19 Vast524: Tick values are like Elliot waves. Everyone has a different value. lol
16:21 dda: yes.. I look for divergence on the tick so I guess all pretty much relatively the same
16:24 Vast524: Anyway. Have a good evening. Going to get some sleep.
Monday, April 27

08:15 palmer: GM traders
08:16 PT: gm palmer
08:16 LordAlfa: Hi palmer. PT.
08:16 palmer: hey PT
08:19 LordAlfa: Boring Globex session. Only gain 4 pts. Market uncertain how to take this pig flu issue. Pharma is up.
08:23 PopStocks: gm
08:25 PopStocks: i'm still holding my puts, waiting for a break below 830
08:25 PopStocks: last week was so uneventful I hope we get a follow through this time around
08:32 PopStocks: brb
08:36 PopStocks: http://easycaptures.com/fs/uploaded/216/6014049463.jpg
08:38 parson: tks, PopS
08:38 PopStocks: np
08:39 PopStocks: that's my own discovery as far as I know
08:40 PopStocks: also note how the past two tops that are nailed on the chart by the pink median line also happen to be near double tops
08:40 PopStocks: so I think we did the same thing on friday, near double top, now it should be all down from here imo
08:43 PopStocks: here's from the last bear
08:43 PopStocks: http://easycaptures.com/fs/uploaded/216/8113571898.jpg
09:02 Margie: good morning Kool
09:03 palmer: morning KOOL
09:13 koolblue: short from 851.25,tight stop at 852.75
09:13 koolblue: looking for 849.00 area minimum
09:18 Robin: good morning all :)
09:18 koolblue: out at 850.25...plus 1 and watching the open
09:19 Margie: ty Robin
09:19 Robin: morning Kool :)
09:20 You have a PM from PT
09:20 Robin: he's in hong kong... so I haven't really talked to him for awhile...
09:20 Robin: he'll be back soon
09:20 Robin: he didn't do an update this week
09:21 Robin: he did send me a 30 min chart that I forwarded.. and it's bearish
09:29 PopStocks: good trading to all this week, let's get ready to rumble!
09:30 parson: yea!
09:33 gila: vix 39.44 up 2.58
09:33 LordAlfa: 15 min up whole move 858
09:34 LordAlfa: 2 bar proj 55.25
09:34 prestwickdrive: 855.25 = 50% of fri range, 856 sq 9, 58.25 = .62 of fri, 59.25 = 50% gap
09:35 LordAlfa: 58 is also the 161.8 of the abc off the low
09:36 koolblue: buying 852.75
09:37 koolblue: long from 852.75
09:38 PopStocks: 11 et cycle low from friday's 2 high pivots
09:39 gila: I thought fri was nfp but it seems thats not the case
09:39 LordAlfa: 1 min down 50.50 to 49
09:40 LordAlfa: negated
09:41 palmer: prest you here
09:41 palmer: what is 1/2 gap fill
09:43 LordAlfa: Bingo on 55.25
09:44 prestwickdrive: gap is to 66.5. opening trade was 52.25. in the pit they talk about 50 back as a target which is 50% of gap fill ... fwiw
09:45 PopStocks: breadth is worse than thursday and friday, oex is 30/70
09:45 LordAlfa: 127.2=56
09:46 koolblue: exiting here at 856.25
09:47 palmer: thanks prest
09:47 palmer: so 59.25
09:49 koolblue: out at 856.25...plus 3.5 there...up 4.25 on the day
09:49 bruce9432: sell order @ 57
09:50 PopStocks: watching the nq which has already closed it's gap
09:51 gila: nq gapis 1375
09:51 bruce9432: no fill
09:51 bruce9432: no
09:51 bruce9432: 56.75
09:52 bruce9432: in @ 57.25
09:52 LordAlfa: S 58 x2
09:53 koolblue: sold one at 857.50
09:54 PopStocks: 860 is friday's mean
09:54 VO: s @ 58
09:55 PashaLV: Morning everyone !
09:56 PopStocks: gm
09:57 PashaLV: Looking to sell 60 area
09:57 LordAlfa: stop 58.75
09:58 VO: 1 @ 57
09:58 bruce9432: bailed with 2 ticks
10:01 palmer: morning VO
10:01 VO: gm
10:01 koolblue: bailed at 856.75...plus 0.75...up5 now
10:02 LordAlfa: +2
10:03 LordAlfa: bastards stopped me and went down
10:06 LordAlfa: Hate them. Now there is my target
10:06 VO: flat 56
10:08 bruce9432: http://screencast.com/t/gRatqKQ9
10:09 koolblue: buying 854.00
10:09 LordAlfa: down proj 53.50
10:09 Vast524: did anyone take the 15min gimme?
10:10 LordAlfa: L 54.
10:10 koolblue: long from 854.00
10:11 VO: l @ 52.75
10:11 LordAlfa: Stopped 52
10:13 koolblue: stopped at 852.00...loss of 2 handles...up 3 now
10:13 bruce9432: weekly pivot @2.75
10:13 palmer: short 52.75
10:13 LordAlfa: 15 min 2 bar 47
10:15 palmer: stop @56
10:15 VO: stop 51.75
10:15 LordAlfa: 5 min bb lower 47
10:17 VO: geez itss whippy
10:18 LordAlfa: its sick VO. Got the flu.
10:18 VO: 1 @ 54.75
10:18 palmer: s/o
10:19 VO: flat 58.75
10:23 prestwickdrive: 863 poc, 65.5 uva, 66.5 gap
10:24 prestwickdrive: 63.25 glbx hi
10:29 PashaLV: Excellent trades, VO !!!
10:29 VO: ty
10:29 LordAlfa: Pasha did you short 60
10:29 PashaLV: Not yet, need a setup
10:32 LordAlfa: S 58.50
10:32 LordAlfa: stop 60
10:34 LordAlfa: 1 off 57.25
10:36 bruce9432: http://screencast.com/t/tJZcNxhdogF
10:37 VO: l @ 58.75
10:37 LordAlfa: flat. stopped me
10:38 VO: stop be
10:39 VO: 1st = 65.75
10:39 LordAlfa: S 61.50
10:43 VO: stop 60.50
10:44 LordAlfa: stopped
10:44 prestwickdrive: great market reading today vo
10:45 VO: for a change u mean:)
10:59 VO: stop 61.50
11:01 VO: 1 @ 65
11:04 einstein: 15 min projection around 872
11:04 LordAlfa: I have 73
11:05 LordAlfa: 75, 74.25, 73. 5 min proj
11:05 LordAlfa: 1 min 686.80
11:05 LordAlfa: 686.50
11:05 LordAlfa: 67.50
11:06 LordAlfa: and 71
11:06 bruce9432: took a short off of the UVA in @ 65.25
11:07 prestwickdrive: 65.5 = 50% ib ext
11:11 LordAlfa: 5 min 60. 15 min also 60
11:12 LordAlfa: 60.75
11:12 bruce9432: out 63.50
11:18 koolblue: selling 864.00
11:20 VO: flat
11:21 koolblue: order cancelled...buying 860.25
11:21 PT: excellent trade VO
11:21 bruce9432: Damn, I was upstairs cooking breakfast, missed it .
11:21 VO: ty
11:27 gila: btw ts has a patch that should be downloaded its on their site I just downloaded it supposedly it fixes alot some of the problems they have had recently
11:27 gila: np
11:29 bruce9432: gila, where on TS is the patces?
11:30 gila: on tradestation.com its a critical patch meant for 8.4 and 8.5
11:30 LordAlfa: 1 min uo 64.75
11:30 bruce9432: Sorry gila it was right in front of me
11:31 gila: supposedly they sent alerts last week though I never got an alert
11:31 LordAlfa: S 53.50
11:32 prestwickdrive: poor fill LA :-)
11:35 LordAlfa: stop 64.25
11:36 LordAlfa: 1st 60.25
11:36 LordAlfa: 2nd 58
11:40 prestwickdrive: the cash market is basically flat. a/d = 2/3, vix +1.4
11:41 Robin: yw
11:41 Margie: Is that a possible gartley bear?
11:42 gila: http://www.newsweek.com/id/195053 roubini on the mkt
11:42 zap: we have been straddling the monthly pivot (862.67) since 11:14
11:44 VO: I ssee what ur talking about margie...look at ur 17711 and see the bull butterfly were in now
11:48 VO: would be suprised if they didnt run those targets out...67
11:49 LordAlfa: stopped
11:49 Margie: thanks VO
11:56 koolblue: buying 862.50
12:03 bruce9432: triangle http://screencast.com/t/SwHVHoJ8A
12:05 prestwickdrive: 80% rule fulfilled
12:05 prestwickdrive: 66.5 gap
12:13 Robin: 11:48: we have seen some sideways-to-down here; we may try a run to or above the highs into the 12:30 - 1:00 PM
timeframe - and then the potential for weakness again off the same
12:14 koolblue: long from 863.50
12:14 LordAlfa: ditto
12:15 zap: I just got a possible reversal signal on a better vol indicator I'm testing
12:17 koolblue: will add one at 861.25
12:25 palmer: hmm we could see that lower band on the 5 min
12:25 palmer: around 860.5
12:26 prestwickdrive: PT - potential ss set-up on break of 61.5 / 61.75 shelf?
12:26 palmer: I will try a buy @60.50
12:27 PT: yeah I dunno prestwick, not seeing that ledge on the higher time frame charts, the 2T on the 15m is the real setup
12:27 prestwickdrive: ok ty
12:28 PT: a ledge of that magnitude would need to be real obvious on the 30 or 60 minute charts
12:29 prestwickdrive: it for sure isn't nearly as significant as that one on the 15 min friday
12:30 PT: right
12:30 gila: shelia bair fdic speaking
12:32 koolblue: long 2 from avg 862.25
12:37 prestwickdrive: that shelf I thought I was seeing was the lows of the 15 min candles 10:45, 11:15, 11:30 and 12:15 at that time
12:39 LordAlfa: 63.25
12:41 gila: bloomberg on tv shortly re swine flu in n yc
12:43 koolblue: stopped at 859.25...loss of 3 on 2 es...down 3 on the day...ugh!
12:44 bruce9432: CP 58.92
12:44 LordAlfa: My stop at 59
12:47 zap: out + 5 on the reverse indicator
12:52 koolblue: selling 859.50
12:55 LordAlfa: 2 bar 15 min proj 53.25
12:55 LordAlfa: 54 is 61.8% retrace
12:55 koolblue: short from 859.50
12:55 LordAlfa: 58.50 is 38.2%
12:59 zap: getting close to a short again
13:02 zap: very small retrace tells me lower
13:02 koolblue: out at 858.00 on one es...plus 1.5 there
13:07 PopStocks: next spot below with much volume is 854
13:07 PopStocks: don't see why this wont test lod soon
13:07 PopStocks: 860/70 failure yet again
13:09 PopStocks: twice as much dollar volume driving the oex decliners, 40/60 ratio atm
13:09 PopStocks: 40/60 a/d oex I mean
13:09 koolblue: out the bal at 858.25...plus 1.25 there...basically flat on the day
13:13 bruce9432: http://screencast.com/t/mtQ9mXOZb
13:14 bruce9432: those levels are all based on a 1.618 multiplier
13:16 PopStocks: longer term chart I put together the other day
13:16 PopStocks: http://easycaptures.com/fs/uploaded/215/9618771092.png
13:19 PT: I like that renko chart bruce
13:19 PopStocks: that's mine PT
13:20 PT: ah ok
13:20 PT: interesting the volume pattern
13:20 PopStocks: the real support is down at 51, if I were going to make one fade today it'd be there
13:21 Robin: http://206.71.64.13:12001/graphics/mon/Robin187 3-2154.png
13:23 bruce9432: bought 55.50
13:23 bruce9432: out 2 contracts3 tic each
13:23 koolblue: buying 853.75 if we make it there
13:24 PopStocks: another longterm chart I put together
13:24 PopStocks: http://easycaptures.com/fs/uploaded/217/2140333756.jpg
13:30 VO: l @ 54
13:36 PopStocks: this is what I was referencing , sorry I don't think mumble is going to work for me today
13:36 PopStocks: http://easycaptures.com/fs/uploaded/216/8113571898.jpg
13:37 PopStocks: and this one is for the recent bear
13:37 PopStocks: http://easycaptures.com/fs/uploaded/216/6014049463.jpg
13:38 bruce9432: http://screencast.com/t/835WfZgDiK
13:38 VO: stop 52.75
13:40 VO: 1 @ 55.25
13:41 koolblue: out one at 855.00...plus 1.25...up one on the day
13:42 JackS65: AdvGet chart ;posted
13:45 bruce9432: Jack, what is PTI?
13:48 PopStocks: 851 next stop
13:48 VO: flat
13:50 PopStocks: nasty head and shoulders between friday and today now, hns haven't been working lately though
13:52 PopStocks: gap to be closed 848
13:54 JackS65: New AdvGet chart posted
13:55 LordAlfa: Chart posted re: 3200T chart. We met 161.8 and 261.8 to the tick.
13:57 LordAlfa: If we take out 49.50, 873 is negated.
13:58 PopStocks: this could be huge today
13:58 PopStocks: still 2 hours
14:18 koolblue: short from 852.50
14:23 palmer: long 52.75
14:23 PopStocks: air into the low 840's all we need is some momentum below 850
14:23 palmer: just 2 point stop
14:24 PopStocks: cycle off of firday's and today's high gives 3:50 low
14:31 palmer: out here
14:31 Robin: http://206.71.64.13:12001/graphics/mon/Robin187 3-2155.png
14:31 palmer: +1.25
14:31 PT: nice job palmer
14:31 VO: s @ 54
14:31 palmer: sucked PT
14:31 palmer: I did an market order
14:31 PT: yeah entry was not optimal
14:32 palmer: on the buy and sell
14:32 PT: yeah
14:33 VO: 54 = 23.6
14:33 VO: 56.50 = 38.2
14:34 PT: palmer, that was a slow starter
14:34 palmer: yep
14:35 palmer: u see it trigging now
14:35 PT: yes exactly
14:35 palmer: but 56.25/.50 should be resistance
14:35 PopStocks: 857 mean of day
14:36 PT: maybe even 57
14:36 palmer: which was my targte but it was just slow
14:36 koolblue: STOPPED AT 854.50 O/N MY SHORT FROM 852.50...loss of 2
14:36 koolblue: will attempt again at 856.50
14:37 PopStocks: this sucker is ready to tank
14:38 parson: Hope you're right............I'm counting on it
14:43 bruce9432: couldn't get filled @56
14:49 PopStocks: great volume today btw
14:50 PT: starting to look like a desceinding triangle on the 60 minute chart
14:50 PT: lower highs and equal lows
14:55 VO: flat be
15:01 palmer: funny PT
15:02 PopStocks: spy sectors all downticking here on the asks, no slack
15:10 koolblue: selling 853.00
15:15 koolblue: I min proj is 853.50
15:15 koolblue: order cancelled...watching
15:17 koolblue: short from 855.25
15:20 PopStocks: every day we get these eod bounce backs
15:21 PopStocks: well there's that 857 mean I mentioned
15:22 Vast524: A huge ledge PT
15:24 PopStocks: blah, this market is strange, air below 850, easy to break, but we get all this ppt looking crap
15:25 PopStocks: volume profile is a nice lower case b, but no follow through as usual
15:25 koolblue: covering
15:27 koolblue: out at 853.50...plus 2 on each
15:27 koolblue: watching
15:29 PopStocks: sectors all in unison again, asks being lowered
15:32 Vast524: VO was chasing you Kool
15:33 VO: l 1 @ 54
15:34 palmer: ok kool
15:34 bruce9432: thanks kool
15:34 Vast524: Thanks Kool
15:35 bruce9432: Second quater bank results will bring another crash
15:39 Margie: wed FOMC results
15:41 PopStocks: so tired of trading around the fed
15:43 VO: stop be
15:45 VO: flat 59
15:45 VO: 59= 161.8
15:48 PopStocks: going to go for a walk, see you all, be well
15:49 VO: sorry 59 = 261.8
15:50 VO: s 1@ 55.75
15:52 VO: stop 58.25
15:52 JackS65: Have a great night. Hope to see you all tomorrow.
15:53 Margie: thank you for the charts Jack
15:54 Robin: http://206.71.64.13:12001/graphics/mon/Robin187 3-2156.png
15:54 Robin: I'd like to see this happen... for a short
15:55 Robin: I need a patter :):)
15:55 Robin: thank you!!! :)
15:56 Robin: my pleasure....
15:56 Robin: when I grow up I want to b a C trader like you :)
15:57 Margie: gone
15:58 VO: stop be
15:59 palmer: was trying but
15:59 palmer: geez so choppy
15:59 palmer: good one VO
16:00 Margie: ok, a non trading question, the pigeons are eating my grass seed. I have a net over the ground and they sit there all day and feast on my seed. I also have an owl, which I believe they are laughing at
16:00 Margie: the neighbors will think I am nuts
16:00 bruce9432: lol
16:01 Margie: I do they enjoy it. It's so hot here
16:01 palmer: margie
16:01 palmer: get peat moss
16:01 Margie: I send the boys out with their Nerf guns when they get home
16:01 palmer: and put over the grass seed
16:01 Margie: It was in the 90s
16:01 Margie: Its coming...
16:02 Margie: Plamer they told me to put top soil so I did. Was I wrong?
16:02 bruce9432: Margie, where are you?
16:02 palmer: spread peat moss over it
16:02 Margie: Las Vegas
16:03 Margie: Ok, Im trying peat moss
16:04 palmer: u can put soil too
16:04 palmer: but peat moss help germination
16:04 palmer: what type of grass seeds?
16:04 Margie: lol
16:04 bruce9432: Here, the crows and the seaguls ran the pidgeons out
16:04 palmer: shoudl be something hot like bermuda
16:04 palmer: but bermuda seeds are tough to grow
16:05 Margie: its Water Saver RTF
16:05 palmer: put bermuda sod down
16:05 Margie: too much work
16:05 palmer: I use tf here
16:05 Margie: barenbrug.com
16:05 palmer: margie
16:05 bruce9432: A lot of people are going to synthetic grass, you cannot tell the difference
16:05 palmer: LV too hot for tf
16:06 palmer: I agree with PT
16:06 palmer: u will be watering non stop
16:06 Robin: synthetic grass?? sounds like the brady bunch
16:06 Robin: back yard...
16:06 palmer: u shoudl use bermuda
16:06 Margie: the hoa is griping, they want the gradd in
16:06 Margie: I hate hoa's
16:06 palmer: or just naturalize
16:06 Margie: yes, no water
16:07 Robin: what's a hoa's?
16:07 Margie: no pigeon trouble
16:07 palmer: yep margie
16:08 Margie: Home Owner Association, the local Nazi
16:08 palmer: home owner association== hoa
16:08 Robin: oh... ok...
16:08 You have a PM from taj
16:08 Haku: you're all talking about grass... I gotta go out to mow the lawn now... bye, all ... see ya tomorrow
16:08 palmer: for Vega u shoudl just naturalize
16:08 Margie: bye Haku
16:08 Margie: the grass keeps it cooler thou
16:09 bruce9432: speaking of grass, a medical marijuana store opened up down the street from me
16:09 Margie: without it's just awful
16:09 bruce9432: yeah, I went down and checked the prices, it's cheaper on the street
16:09 Margie: there's an idea, PT
16:10 palmer: bruce - why r u chekcing prices out
16:10 palmer: no weed heads here
16:10 palmer: lol
16:10 bruce9432: I just wanted the card, Found out if you get the card you will never get private health insurance
16:10 bruce9432: I am in Ornage county
16:11 bruce9432: Orange
16:11 bruce9432: That is still a hard felony in CA
16:11 Margie: I guess they think its a cure all
16:11 bruce9432: See ya Vo
16:11 Margie: Happy Birthday
16:11 Robin: great trading today Vo
16:11 palmer: see ya VO
16:11 Robin: happy birthday to your little one :)
16:11 gila: happy birthday
16:15 palmer: I wonder when we break 850
16:15 PT: yeah I wonder also palmer
16:16 PT: I would think tonight
16:17 palmer: yep and we get a turnaround tuesday and hit the bears
16:18 bruce9432: Starting tomorrow, heavy earning report week, U.S Steel, Time Warner, Visa , Dow Chemical, Exxon, Chevron, General Dynamics
16:19 palmer: PT
16:20 palmer: what time does globex start 6:
16:20 PT: yes ?
16:20 PT: 4:30
16:20 palmer: so why sometime between 5:30 and 6 u get no trades
16:20 palmer: no volume
16:20 PT: well they shut down
16:20 Margie: bye everyone, have a good night
16:20 PT: and reopen
16:20 PT: nite margie
16:20 Robin: bye everyone... take care!!!
Tues. April 28th

06:40 gila1: palmer futures are closed between 530-600pm est mon-thurs in addition to the 415-430 close mon-thurs fri mkt closes at 415
07:59 PT: gm Margie & karen
08:01 karen: gm PT
08:20 Margie: Gm, Pt, busy reading, sorry
08:29 palmer: GM traders
08:34 PT: gm palmer
08:54 Robin: Good Morning, overnight world markets trading lower, SnP futures down to 838.50 which is getting close to the April Bullish/Bearish line in the sand. That puts resistance at daily support for the futures so we see how cash actually trades first hour. A drop today into the 830s would be a good indication the move up from 666 has finally topped.
Monthly the market is positive above 766 and bullish above 830
Weekly the market is positive above 858 and bullish above 875
Today the market is positive above 855 and bullish above 860 Monday close 858

Resistance today at 862/865 and support at 853/850
08:54 Robin: Larry T
08:54 Robin: good Morning all
08:57 Robin: gila... your mailbox says it's full... unable to fwd emails...
08:57 palmer: PT
08:58 palmer: you just said next week monday for a low
08:58 palmer: hmm- Kool had may 4 as a high
08:58 palmer: then downside after
08:59 palmer: that's the problme
08:59 palmer: yep
09:00 palmer: yep I see it
09:00 palmer: the doubble top
09:00 palmer: yep
09:03 PT PM'd
09:04 palmer: ok
09:04 You have a PM from miltk
09:04 palmer: ok see it
09:05 palmer: correct
09:05 palmer: man some wicked divergence on that daily
09:06 palmer: wow
09:07 bruce9432: Robin are these emails a private deal or room wide?
09:07 Robin: bruce just pm me your email... i'll add to mylist....
09:08 Robin: but please don't forward these to anyone....
09:08 Robin: thanks:)
09:10 palmer: yep
09:10 palmer: that's what Kool has
09:18 Margie: I have a proj to 825.75, sp we will see how this is going to go
09:20 You have a PM from bruce9432
09:24 gila1: my mailbox is now available thx robin
09:24 Robin: your welcome :) just wanted to let you know...
09:25 You have a PM from LordAlfa
09:26 LordAlfa: 15 min down proj 36.50
09:27 gila1: your emails are great please continue to send them if you get a chance can u resend today and last nights emails robin thx so much
09:29 Haku: g'morning all
09:29 PashaLV: Good Morning everyone
09:30 PT: gm Pasha
09:32 bruce9432: not me, did you down load the patch?
09:34 Robin: 9:26: the futures have weakened since the first post, now looking at an SPX CASH open around the 844-845 level;
with that, first resistance will move to the 849-852 area, which is Tuesday's original daily projected support low - now
first resistance

9:00: the futures are trading to the downside in pre-open, currently suggesting an SPX CASH open in the area of the
847-848 level. heading into Tuesday's session we have first resistance at the 863 daily projected resistance high, which
is the normal plus or minus 2-3 points in either direction. support will be first at the 844 weekly projected support low
figure, which is also plus or minus 3 points - which we are looking to open into. for the daily chart, the recent notes here
favored a decline to the 844 weekly projected support low level by early-to-mid week, which we will see hit in today's
session. whether a short-term bottom will be seen at or into the same is speculation, though - if higher highs are to follow
immediately - then the same would be the best spot to bottom, with the 844 figure more important on a closing basis.
otherwise, closing below the same would again increase the odds of a larger 45-day downward phase to be in force. as
for intraday today, the probabilities seem to favor a quick bounce off this gap-lower open, then lower into mid-to-late
day with the 21-hour cycle. here is the hourly cycle/channel chart updated to yesterday's close:
09:34 Robin: JC
09:36 gila1: thx robin
09:37 LordAlfa: VO. Try this http://support.microsoft.com/kb/306084
09:37 LordAlfa: Use System Restore

After you've decided to use System Restore to revert your system to a previous state, start the System Restore Wizard and follow the prompts. To use the System Restore Wizard, make sure you're logged on as an administrator, and then follow these steps:

1.


Click Start, point to All Programs, point to Accessories, point to System Tools, and then click System Restore.

2.


On the Welcome screen, click Restore my computer to an earlier time, and then click Next.

3.


On the Select a Restore Point page, select the date from the calendar that shows the point you'd like to restore to, as shown in Figure 2, and then click Next.
09:38 LordAlfa: up 47.75
09:39 Robin: http://206.71.64.13:12001/graphics/tue/Robin187 3-2157.png
09:39 LordAlfa: Selling 47.50
09:39 prestwickdrive: ibm $3 bb stock buyback helping lift the mkt
09:39 Robin: http://206.71.64.13:12001/graphics/tue/Robin187 3-2158.png
09:39 prestwickdrive: 50% gap 50.25
09:39 Robin: I like this abcd sell better...
09:41 LordAlfa: 47.50 was the low yesterday.
09:41 LordAlfa: About. 161.8 of the abc off the top.
09:41 LordAlfa: 46.75 was the low
09:41 LordAlfa: yesterday
09:46 palmer: shorting 848.25 if we get there
09:48 LordAlfa: Chart posted on 15 min projections to current time
09:50 LordAlfa: S 47.50
09:58 LordAlfa: stopped
10:00 LordAlfa: S 51.25
10:00 palmer: stopped -3
10:01 palmer: shorting 52.50
10:02 LordAlfa: 53.25 better or 53. 261.8=53.25
10:02 LordAlfa: stopped.
10:03 Robin: 9:59: we have made the early test of 844 weekly projected support low - and are now getting a decent bounce off
the same; resistance now around the 856-863 level for the SPX, which encompasses yesterday's close and also the
daily projected resistance high for this index
10:07 LordAlfa: S 53.75
10:11 LordAlfa: stop 54.25
10:14 palmer: out b/e
10:15 VO: l @ 52.25
10:16 VO: stop 51.25
10:17 prestwickdrive: whatever% rule to 59.5 (uva) in effect
10:18 LordAlfa: Arrrgh! Stopped
10:20 Margie: our cycle hi should be around here give or take a couple of min, from the one min
10:21 LordAlfa: 78.6 ret=60
10:22 VO: stop be
10:23 VO: stop 53.25
10:23 prestwickdrive: 55.5 poc
10:27 VO: 1 @ 55.50
10:28 Robin: nice trading VO :)
10:28 LordAlfa: 15 min 2 bar proj 57
10:28 VO: stop 54
10:30 palmer: LA- 57.50 or 57?
10:31 palmer: on that 2 bar
10:31 LordAlfa: 57
10:31 LordAlfa: 5 min 1 bar was 56. 1015
10:32 LordAlfa: 2 bar 59.25
10:33 palmer: well as usual I was 1 ticked
10:33 palmer: 56.50 was my order
10:33 palmer: lol
10:34 VO: flat
10:35 Vast524: Great trade VO.
10:35 VO: ty
10:37 bruce9432: gm
10:37 Vast524: m kool
10:37 palmer: mornin koolio
10:38 Margie: gm
10:39 karen: consumer confidence number was good
10:40 koolblue: selling 856.75
10:40 karen: no covered just before it dropped
10:40 karen: I went to bed
10:41 karen: too early
10:41 dda: 856.75 is also the gap fill
10:41 LordAlfa: S 56.50
10:41 VO: 161.8 = 58.75
10:42 VO: 200 = 60.50
10:43 prestwickdrive: 58.5 = .62 of yest range
10:43 Robin: 10:37: the SPX is testing the higher resistance zone; best guess is that we will see some sort of peak at or into the same,
then try another run to the lows again into the afternoon or into late-day. whether a lower low is still out there is guesswork,
as all my work called for was a test of 844 weekly projected support, plus or minus 3 points - which we have already hit
at the early tag of 847 SPX CASH
10:46 palmer: yep
10:46 palmer: 857
10:47 palmer: but I am holding
10:47 palmer: I think it is a good spot
10:47 koolblue: short 2@ avg price 857.25
10:48 palmer: what's your short LA
10:48 prestwickdrive: LA - in your racing does the lucky dog get to advance to the lead lap on a caution like nascar?
10:49 LordAlfa: Palmer, 56.50
10:49 palmer: u good my friwend
10:49 palmer: I think 53.50
10:50 LordAlfa: Safety car. If you are leading, they will line up all in a sequence before the safety car. It is the 2nd car that is the lucky dog. He "caught up" to the leader.
10:54 LordAlfa: 5 min 1 bar 52.50
10:54 LordAlfa: 2 bar 50.75
10:54 koolblue: out one at 855.75...plus 1.50...
10:55 koolblue: watching 854.00 area for the other
10:55 LordAlfa: 1 min whole move 52.50
10:58 LordAlfa: 15 min 47.25
11:00 koolblue: out at 854.50 on the other...plus 2.75 there
11:01 VO: l 1 @ 56
11:01 VO: stop 54
11:06 koolblue: 15 min proj down is 847.50, 5 min is 852.50... both good unless 858.50 is touched again
11:08 LordAlfa: stop 56.75
11:13 VO: flat
11:15 palmer: LA I am looking for 53.50
11:16 LordAlfa: palmer, why that?
11:16 palmer: bottom of last 15 min candle
11:16 palmer: low
11:16 palmer: 1 tick below
11:17 palmer: last green cadle
11:17 LordAlfa: 1045 candle
11:17 palmer: yep
11:18 palmer: out +3.5
11:21 koolblue: out at 853.25,cause of an expected cycle low...plus 0.75....up 5 on the day and watching
11:21 Robin: http://206.71.64.13:12001/graphics/tue/Robin187 3-2159.png
11:22 Robin: thanks :)
11:23 Robin: 846.05
11:23 Vast524: 845.25
11:30 LordAlfa: Quite a ledge at PT's avg
11:33 LordAlfa: avg all bunched up here. Need a machette
11:34 bruce9432: short 54.25
11:35 LordAlfa: 54.25 is also the classic picot
11:35 LordAlfa: pivot
11:35 koolblue: short at 854.25...looking for eventual move to 847.50..with a pause expected at 851 or so
11:43 koolblue: out at b.e.......watching
11:45 bruce9432: out @ 53.25
11:46 Vast524: Number 1 seller in th epit
11:47 palmer: VO when is your book
11:48 Vast524: What is his name please?
11:48 LordAlfa: Martin Short?
11:49 LordAlfa: LOL
11:50 LordAlfa: stop 55
11:50 bruce9432: well Kool you was right
11:51 LordAlfa: PWD, type
11:51 Vast524: joey borsellino
11:52 palmer: prest what is that name
11:52 LordAlfa: Thanks Vast
11:52 prestwickdrive: thats it
11:52 prestwickdrive: 51.5 = lva
11:52 LordAlfa: Thanks PWD
11:53 Vast524: Lewis is his first name. Joey is his middle name
11:54 LordAlfa: http://www.borsellino.com/
11:55 bruce9432: Specter switching to democratic party
11:55 JackS65: AdvGet chart posted
11:55 Vast524: ty jack
11:58 LordAlfa: 1 min up 53.25
11:58 bruce9432: Swine flu now at DisneyWorld
11:59 palmer: really bruce
11:59 palmer: ?
11:59 bruce9432: short airlines
11:59 palmer: where u got that bruce
11:59 bruce9432: Drudge
12:00 Margie: THks Jack, this chart is almost identical to yesterdays
12:04 bruce9432: One point or one tick?
12:05 palmer: well I had a buy overnight @838.50 and I didn't get filled
12:05 palmer: story of my trading
12:06 koolblue: selling 855.50-75
12:15 PDQ: bruce9432....If you were asking me about my stop, it was one handle (4 ticks) below my entry price of 842.50.....
12:17 bruce9432: ty
12:25 prestwickdrive: 57.5 = udva
12:32 palmer: Kool remember you said you expected a low today
12:33 palmer: right
12:34 palmer: VAH 59
12:34 palmer: .59.50
12:41 prestwickdrive: bonds lod, 5 yr auction at top of hr
12:54 mrg22: 855.75 -top of ib
12:58 VO: buy stop 57.50
12:59 VO: sell stop 54
13:00 bruce9432: none today
13:00 bruce9432: I wonder if there is blind traders
13:01 VO: cancel buy stop leaving sell
13:02 palmer: where u selling VO
13:02 palmer: 862
13:05 koolblue: stopped at 857.25..loss of 1.75...now up 3.25
13:05 prestwickdrive: palmer - check vo's messages at 58 and 59 after hour
13:07 VO: s 1 @ 55
13:09 VO: flat 54
13:09 prestwickdrive: 2.22 bid to cover on 5 yr auction. bonds pushing a little higher
13:09 Margie: I have my line drawn
13:09 Margie: that is so powerful
13:10 palmer: what the heck shorting here
13:10 palmer: 854.50
13:12 palmer: stop @57
13:12 Margie: swine flu in new zealand
13:15 prestwickdrive: watch out Vast - flu heading your way
13:15 Vast524: already here I BElieve
13:15 Margie: pqd, thats what I was thinking
13:15 Margie: pwd, sorry
13:15 prestwickdrive: bonds just broke major support
13:16 Margie: Vast, put your mask on
13:16 prestwickdrive: lol
13:17 Vast524: just broke out. sniffle sniffle
13:17 Vast524: I think they are testing 70 people
13:18 Vast524: There were a few on the same plane that had the +ve New Zealanders.
13:23 Vast524: With the way the world travels now. It is nearly impossible to stop these epidemics. I thought they should have closed the borders asap and let everyone be tested. Not worth the risks. At least we are sea bound and we can controlour borders
13:24 JackS65: New AdvGet chart posted
13:25 Vast524: ty
13:27 palmer: stop now 56
13:27 prestwickdrive: if you want to see pain pull up a chart of DNDN
13:33 koolblue: short from 855.00
13:41 koolblue: stopped at 857.00...loss of 2
13:43 VO: s 1 @ 55.75
13:45 VO: stop 57.75
13:51 VO: stop 56.50
13:59 prestwickdrive: 53.75 dpoc tpos, 54.25 vol
14:00 VO: stop 55.50
14:00 VO: flat
14:08 koolblue: long from 855.25
14:15 Donkeyote23: http://206.71.64.13:12001/graphics/tue/DonKeyote03.png
14:15 koolblue: long 2 ,stop at 852.25,..looking for 861.50
14:16 VO: snooze fest
14:17 koolblue: 853.50-854.00 now becomes important support
14:18 VO: l 1 @ 54.75
14:19 palmer: 66 is r1
14:20 palmer: I am witth you guys long here is the play
14:20 palmer: I am flat now though
14:22 prestwickdrive: crude trying to lead up
14:23 Haku: Is LA still here?
14:25 koolblue: out one at 858.75...plus 3.50 there...now up 4.75 on the day..
14:25 VO: stop 56.75
14:25 palmer: hehhehe
14:26 palmer: uiwasn't long VO
14:26 palmer: I was flat
14:26 palmer: I was looknig for an in
14:29 prestwickdrive: Jack - is get pointing to a wave 5 ending around 62?
14:32 koolblue: out at 860.00 on the other...plus 4.75 there
14:32 koolblue: up 9.50
14:32 prestwickdrive: trade of the week
14:33 prestwickdrive: trade of the month
14:33 karen: I laugh every time I hear that...coin hog
14:33 prestwickdrive: hog flu
14:33 VO: stop 58
14:36 JackS65: New AdvGet bchart posted
14:40 VO: flat 60.50
14:41 Vast524: well done vo
14:42 VO: ty
14:44 prestwickdrive: jack - is get pointing to two 5 endings? what's the difference between the filled in circle 5 and the others?
14:48 VO PM'd
14:50 prestwickdrive: ty Jack
14:54 You have a PM from VO
14:54 JackS65: Posted Market Volume chart
15:03 palmer: well VO
15:03 palmer: I am short 859
15:03 bruce9432: Short 59
15:05 VO: s @ 58.50
15:05 prestwickdrive: bye kb
15:06 bruce9432: thanks , Kool
15:06 Vast524: cya
15:06 palmer: see you kool
15:12 VO: stop 59.75
15:13 VO: flat will sell again
15:14 VO: s @ 58
15:15 VO: 1 @ 55.75
15:15 VO: stop be
15:20 bruce9432: Hey, Jack, what is the sky blue elipse mean on the Advanced Gett?
15:20 bruce9432: is=does
15:30 VO: stop 56.50
15:31 VO: order is at 51.50
15:33 VO: the 2:1 = 51
15:35 VO: flat 53
15:36 Robin: very nice trade vo :)
15:36 VO: ty
15:36 Robin: a piece :)
15:37 Vast524: no a craker. Was stopped the first time
15:37 Vast524: You took my bid and I didn't get filled. lol
15:38 Vast524: Did Palmer get anything?
15:39 Vast524: fell asleep maybe.
15:40 Vast524: Bruce was short as well
15:40 Margie: I am sim trading, my trade of the day
15:41 prestwickdrive: hello
15:41 prestwickdrive: nope
15:41 bruce9432: not as big as I liked
15:42 karen: lol...not enough
15:42 bruce9432: I also sold AAPL at 46
15:43 Margie: Jack has the eight ball
15:44 karen: I have to run but will be back for globex around 6:30ish
15:46 bruce9432: http://screencast.com/t/JCoKwhtK
15:47 bruce9432: Jack, if you can remind us thursday morning on the murray math day
15:50 bruce9432: that and the dotted white split line, always take trades on splits, in fact it reversed on the lower split
15:51 bruce9432: mid line of S/R levels
15:51 bruce9432: indicator puts them in
15:57 karen: having problems with my market profile today for some reason...anyone have the developing va's for today?
15:57 VO: 58.50, 54, 52.50
15:57 karen: thank you VO!
15:59 JackS65: Have a good nite all/
16:07 palmer: what happened
16:07 palmer: wow
16:07 palmer: left around 3:05
16:07 palmer: weeeeeeeeeeeeeeeeee
16:07 palmer: oh man
16:08 palmer: I wasn't here
16:08 palmer: my order went off
16:08 palmer: to cvoer
16:08 palmer: 56.5
16:08 palmer: +2.5
16:08 palmer: expensive supermarket trip :)
16:08 prestwickdrive: fomc tomorrow
16:08 palmer: I need some VO blood
16:09 palmer: yep
16:09 palmer: the chop
16:09 palmer: I hate the chop
16:10 palmer: yep
16:10 palmer: u are correct
16:10 palmer: just depends on my mood
16:10 palmer: really
16:10 palmer: since last week
16:10 palmer: 15 min
16:10 palmer: yep
16:10 palmer: only
16:10 palmer: yep
16:11 palmer: I definitely get you VO
16:11 palmer: 5
16:11 palmer: but
16:11 palmer: YEP
16:11 palmer: that's worn gu think
16:12 palmer: wrong u think?
16:12 palmer: yep
16:13 palmer: well bascially that's becasue we so narrow sometimes
16:13 palmer: that's why I am more in a scalp mode
16:13 palmer: very narrow range
16:13 palmer: yep agree
16:14 bruce9432: day is done
16:14 palmer: how u did today
16:14 palmer: cool
16:14 palmer: I did ok
16:14 bruce9432: see you all tomorrow
16:14 palmer: see u bruce
16:14 bruce9432: ok
16:15 palmer: this 850 area goign to get very interesting
16:15 palmer: VO- last night I had a buy @ 38.50- no fill
16:16 palmer: yep
16:16 palmer: yep but this will lead to a breakout
16:16 palmer: u telling me
16:16 palmer: when I woke up it was like 55
16:16 palmer: 44
16:16 palmer: I was liek rrrrrrrrrrrg
16:19 palmer: think they crack us tonight again VO
16:21 palmer: yep try to see where
16:21 palmer: I am can short
16:21 palmer: FED announcement tomorrow too
16:21 Margie: hey what do you think up or down on that fomc, VO
16:22 Margie: I sold a few today but still have the bulk
16:22 Margie: was hoping we would go lower than the open
16:23 Margie: say again
16:23 Margie: yes
16:23 Margie: 830 would solve my prob
16:24 Margie: ok well, see you tomorrow
16:24 Vast524: cya Margie
16:26 palmer: divergence
16:31 palmer: sorry aboutthat VO
16:31 palmer: u called me
16:31 palmer: nope
16:41 Vast524: That's cause Vo is front running you, He's leading the charge
16:43 Vast524: You can see it on the tape. My level ll dome has vo as a market mover and it often comes up. I have it on Flash mode. So I don't miss it. lol
16:44 palmer: vast - vo is a market maker :)
16:44 Vast524: I know. I know. You just piggy back the big boys
16:52 palmer: man VO they goign south without us
16:55 Vast524: my wife thinks this is hilarious
16:56 Vast524: Real men grill!
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