Very nice first half of the day with a few quite sizeable wins. Second half was rather boring, brought couple small stops. End of day selling was not very clear till the very end, so we mostly skipped it excpet nice CIEN short for almost 40 cents.
Session Time: Mon Oct 27 00:00:00 2008
[07:53] {_oneiron} good morning from trial subscriber
[08:25] {magoo} morning oneiron, all
[08:49] {Threei} Good morning
[08:50] {Threei} what is it with single digit gap?
[08:50] {Threei} where are hundreds points?
[08:52] {magoo} morn vad
[08:52] {Threei} mags :)
[08:52] {magoo} was down 222
[08:53] {Threei} yeah... maybe I just need to wake up later, that's all
[08:55] {Threei} WHITE HOUSE'S BOLTON: THE G20 MEETING WILL TAKE STOCK OF THE MEASURES TAKEN TO QUELL THE FINANCIAL CRISIS AND DISCUSS STRATEGY FOR THE FUTURE
[08:55] {Threei} - Meeting will seek to reach an agreement on the causes of the crisis and address principles for governing financial markets.
[08:55] {Threei} - No one should expect the next president to attend the G20 meeting, however we will maintain close communication with the next administration's finance team.
[08:56] {hawkfan4} good morning
[08:56] {Threei} I have hard time imagining 20 of them agreeing on much
[08:56] {Threei} hawk :)
[08:56] {Threei} I mean, they are going to discuss causes?
[08:56] {Threei} 19 of them will scream "USA if the cause"
[08:57] {Threei} if = is
[09:03] {brian3579} gm all
[09:04] {Threei} brian :)
[09:04] {dino} gm all
[09:04] {Threei} dino :)
[09:05] {dino} welcome to the jungle oneiron
[09:05] {_oneiron} ty dino
[09:05] {Threei} morning oneiron, welcome
[09:06] {_oneiron} ty threei
[09:07] {Geo} gm all
[09:07] {Threei} Geo :)
[09:08] {Onix} Good morning all
[09:08] {Threei} Onix :)
[09:08] {Threei} be back in 5
[09:15] {Threei} strong premarket recovery hints of underlying strength, but I would like to get a confirmation
[09:16] {Threei} in a sense that I am willing to buy pullbacks, but somewhat reserved about breakouts
[09:21] {dptl} good morning all
[09:22] {Threei} dp :)
[09:22] {dptl} :)
[09:23] {Threei} overall, working aaumption for now is long
[09:23] {Threei} assumption too
[09:23] {ese} good morning vad dp dino brian grank geo hawk jmb mags onix tom et al......
[09:23] {Threei} ese :)
[09:24] {Geo} hey ese
[09:24] {ese} opps thats frank
[09:24] {ese} grank would have been a good handle though
[09:24] {ese} hows it goin geo
[09:25] {Geo} Monday blues
[09:25] {Geo} :)
[09:25] {ese} yup....
[09:25] {Geo} heard a friend of a friend rumour... so cant confirm the truth
[09:25] {Threei} http://realitytrader.com/vad/Mondays-Suck-Video.wmv
[09:26] {Geo} this asian guy lost about 40k in the stock markets..... mostly financials
[09:26] {Onix} hi ese
[09:26] {Geo} then on a whim awas watching wachovia and bought 10k worth of stocks at 1cent
[09:26] {Geo} sold for 2.5 mill
[09:26] {ese} huhhhh.........
[09:27] {Threei} sounds like urban myth to me :)
[09:27] {Geo} he was so scared it would be busted........he did a broker wire.... didnt resign from company just flew home
[09:27] {ese} whats wachovia at now.....
[09:27] {Geo} i know !
[09:27] {Threei} 5.72
[09:27] {Geo} they traded 385 mill shares on the day it went to 1 cent
[09:28] {Geo} dunno.... i dont know him personally
[09:28] {Geo} but makes for a good story :)
[09:29] {Geo} the funny part is all his colleagues put bids on everything they know for a cent hoping for the same thing
[09:29] {Geo} then balout happenned so no go
[09:29] {dino} gap 8691 from thursday close
[09:31] {Threei} Long Setup: UAUA .30 if stays above .15
[09:34] {Threei} not sure about pullback entry on it, looks flaky
[09:35] {dino} svnt
[09:35] {ese} bstop appl sm 97.01
[09:37] {ese} nope....invalidated....
[09:38] {ese} back on....
[09:39] {ese} hmmmmmm hit .09 and i'm not filled
[09:39] {ese} no there we go .78
[09:40] {Threei} AMZ
[09:40] {Threei} AMZN
[09:40] {ese} nice!!!!!
[09:40] {Threei} pullback entry around 49.30 -.40
[09:41] {Threei} half lot, if gets there
[09:41] {Threei} no chance
[09:48] {ese} out aapl .59 - 19
[09:48] {ese} Ok....did not like that....that thing bounces around like a wounded duck
[09:49] {Threei} everything does so far
[09:49] {dino} dino pictures injured duck
[09:49] {ese} that was weird experience with 250 shs
[09:50] {dino} interesting times
[09:51] {ese} cheap exexperience for 50 bucks though don't think i could have handled more
[09:54] {ese} anyone here trade aapl regularly........how would you handle it
[09:54] {Threei} magoo does
[09:55] {ese} how do you handle it mags.......hold for the day or something ....and how many shs
[09:55] {Threei} essenrially by closing his eyes, hitting randomly buy or short, hitting opposite button beforfe he opens his eyes... then looking what came out of it
[09:55] {ese} ha ha,,
[09:59] {Threei} AMZN pullback entry near 50, small shares
[09:59] {Threei} stop under 49.90
[09:59] {dino} i think he's asleep es
[09:59] {Threei} target closer to 51
[10:00] {Threei} *SEPT NEW HOME SALES: 464K V 450KE
[10:01] {Threei} Long Setup: QQQQ .52
[10:01] {Threei} stop under .35
[10:02] {ese} no kidding...when you can buy a house for a$1.00.......on less than 1% mortgage
[10:02] {Threei} - Median sales price: $218,400 v $222K m/m (Down -9.1% y/y)
[10:02] {dino} mkl v sm l 7.5, risky, wide
[10:02] {Threei} QQQQ 1:1, half out
[10:02] {Threei} not a scalp for me
[10:03] {Threei} should take AMZN over .50 too
[10:03] {Threei} and launch its way to 51
[10:03] {Threei} out half QQQQ .72
[10:04] {Threei} out half AMXN .772
[10:05] {Threei} stop QQQQ balance .45
[10:05] {Threei} AMZN under .30
[10:07] {Threei} out AMZN balance
[10:08] {hawkfan4} nice vad
[10:08] {Threei} BEAV... didn't trust it on 10.85 break...
[10:09] {Threei} done with Qs balance
[10:10] {Threei} waiting for the next moment of clarity, things muddied up again
[10:10] {Geo} very nice call vad
[10:10] {Geo} how did you anticipate the NQ powerup?
[10:11] {hawkfan4} 8-ball
[10:11] {Geo} it was almost like you nailed it
[10:11] {Geo} really
[10:11] {Threei} C&H on 1 min
[10:11] {Onix} Thanks Vad for doing QQQQ for those of us who don't have NQ
[10:12] {Onix} on what?
[10:12] {Geo} i traded QQQQ too
[10:12] {Geo} i think he watches NQ
[10:12] {Threei} answering geo's question, onix
[10:12] {Onix} ty
[10:12] {dino} sm l ice .00
[10:12] {Geo} in fact on one mion chart i dont hthink there is much of diff in patterns
[10:12] {Threei} I guess the best way to handle it would be this guys, tell me if you agree
[10:12] {Threei} out of three, Qs, NQ and QID,
[10:13] {Threei} Qs is the most universal tool
[10:13] {Geo} yes
[10:13] {Threei} not everyone tardes e-minins, QID's volatility is not for everyone,
[10:13] {Threei} yet, it's easy to derive form Qs call according levels for any of those
[10:14] {Threei} so, I am caling Qs, and those who prefer NQ or QID match up their entries
[10:14] {Threei} sounds right?
[10:14] {Geo} sure
[10:14] {hawkfan4} youbet
[10:14] {Onix} ty
[10:14] {tomg} y
[10:14] {Threei} kewl
[10:14] {Geo} any tutorials on mathups? :)
[10:14] {Threei} just look at the charts
[10:14] {Threei} it's quite clear really
[10:14] {Threei} Qs C&H had .52 as trigger,
[10:14] {Geo} more in sense of equivalent numbers
[10:15] {Threei} NQ had coresponding level at 1200
[10:15] {Threei} see it?
[10:15] {Geo} yes
[10:16] {Threei} QID short price would be 83, to match those two
[10:17] {Threei} if I have time, I'll throw NQ in
[10:17] {Geo} cool
[10:20] {dino} ice stopped -.43
[10:21] {ese} were you long or short ice dino?
[10:22] {Threei} [10:12] {dino} sm l ice .00
[10:22] {ese} tks ....
[10:25] {dptl} .
[10:26] {dino} ..
[10:26] {Threei} and chaeron will be the one to swip it all?
[10:27] {Threei} sweep
[10:27] {Threei} BEAV seems to set on course of recent UAUA run
[10:28] {Threei} let's watch for pullbacks
[10:29] {Threei} 11.50 nearest support
[10:30] {Threei} market weakened, don't be in a rush to enter until support solidifies
[10:32] {Threei} half lot .20 if holding above 11
[10:34] {Threei} with any market help should take .35 and jump above .50
[10:34] {Threei} not much help so far
[10:40] {Threei} BRCM
[10:40] {Threei} pulling back into support
[10:40] {Threei} long off 16
[10:40] {Threei} .11 trigger
[10:42] {Threei} market can't find footing
[10:45] {Threei} OK, better now
[10:45] {Threei} need one more spike to reassure bulls
[10:46] {Chaeron} Good morning all
[10:46] {Threei} chaeron :)
[10:46] {Threei} here is my spike
[10:46] {Geo} hey chaeron
[10:47] {magoo} chaer
[10:47] {Threei} come on bulls, le't charge
[10:48] {Threei} meek bulls we've got today
[10:48] {hawkfan4} Long Q's 29.06, stop 28.85
[10:50] {Geo} brcm stop vad?
[10:50] {Threei} come on :)
[10:50] {Threei} under 16 of course
[10:50] {Chaeron} what's the BRCM call?
[10:50] {Threei} BRCM 1:1, half out
[10:51] {Threei} too late chaeron
[10:51] {Threei} .11 was long trigger
[10:51] {Geo} out half .24
[10:51] {Chaeron} thanks.. nice one
[10:51] {Threei} stop to 16.05
[10:52] {Threei} 16.09
[10:52] {Geo} 1/4 out on .32
[10:55] {Geo} C&H
[10:56] {Threei} stop to .15
[10:58] {Threei} offering 1/4 more at .42
[11:00] {hawkfan4} 1/2 out Q's + 25, stop to .19 for the rest
[11:00] {Threei} beauty
[11:00] {hawkfan4} thx :)
[11:00] {Threei} offering half BEAV .52
[11:04] {Threei} 2 cents more BRCM
[11:04] {Threei} be a doll
[11:05] {Threei} am I getting too greedy?
[11:05] {hawkfan4} out rest q's + .13
[11:05] {Geo} all out .4
[11:05] {Threei} anyway, trailing stop to .19
[11:06] {Geo} great all vad
[11:06] {Geo} .29 cents
[11:06] {hawkfan4} nice geo
[11:06] {Threei} T. Boone Pickens confirmed that BP Capital was down around 50% over the last year, totaling losses of around $2B
[11:07] {Geo} not exactly chump change
[11:07] {patience} think of how much shopping i could have done with that
[11:08] {Threei} lol
[11:08] {hawkfan4} lol
[11:08] {patience} stocks i mean
[11:08] {Geo} of course
[11:08] {Threei} 1/4 out BRCM .39
[11:08] {Threei} sure
[11:09] {magoo} bulls on parade
[11:10] {lisa_jay} Good morning.
[11:10] {Threei} lisa :)
[11:10] {lisa_jay} Looks like you had a great morning.
[11:10] {Threei} not bad but nothing outstanding
[11:11] {lisa_jay} Kid #2 Dr. Appt...just got back. Thank god i only have 2.
[11:11] {dino} clf sm l .00, stop lod
[11:12] {lisa_jay} Any way to see the morning post Vad, I only can see from since log - in (10:57).
[11:12] {hawkfan4} got clf .04 sm dino
[11:12] {Threei} after close, when the log is posted...
[11:12] {lisa_jay} Ok, thanks.
[11:13] {Threei} BRCM stop to .25
[11:14] {Threei} gotta chose between taking profit into next spike and simply trailing stop from now on for the last portion
[11:15] {hawkfan4} 1/2 out clf +.50, stop .94 on rest, thx dino
[11:15] {Threei} nice guys
[11:16] {Threei} hunting for pullbacks strategy works like charm so far
[11:16] {Threei} excpet BEAV... don't know why I refused to take 1:1, lol
[11:17] {Threei} anyway, half lot with 20 cents stop, not a big deal
[11:18] {Threei} stop to .29 BRCM
[11:18] {Geo} wow vad
[11:18] {Threei} will move to .35 after .50 break
[11:18] {Geo} you looking to squeeze a buck :)
[11:19] {Geo} am I glad you arent a bill collector
[11:19] {Threei} well... you remember my promise to start switching to day trades from scalps as bulls slowly roll in
[11:19] {Geo} yes
[11:19] {Geo} i think thats your biggest skill vad
[11:20] {Threei} ?
[11:20] {Geo} adjusting according to market
[11:20] {Geo} as you ve seen cycles
[11:20] {Geo} and successfully traded em
[11:20] {Geo} lots of success full people didtt retoo and lost big in this environment
[11:20] {Geo} retool
[11:21] {Threei} like pickens
[11:21] {Threei} lol
[11:21] {Geo} yeah lol
[11:21] {Threei} out BEAV
[11:22] {dino} gj hawk
[11:22] {Threei} I will post a blog article on changing the tune near market turning points,
[11:22] {dptl} klac?
[11:22] {Threei} what impacts our decisiosn and perceptions and how
[11:23] {hawkfan4} thx dino, -.05 on the last. scalpy morning for me
[11:23] {Threei} if market spikes again, dp, and KLAC stays above .90
[11:24] {dptl} ok ty
[11:25] {Threei} holding well
[11:29] {Geo} klac wants up badly
[11:29] {Threei} yes, just needs little help
[11:30] {Geo} nice dptl
[11:35] {dino} sm l mcd .80
[11:39] {Threei} BRCM broke .50
[11:39] {Threei} stop to .35
[11:44] {lisa_jay} Vad, where was BRCM entry? Thanks
[11:45] {Threei} 16.11
[11:46] {Chaeron} thanks LJ... remind me that I missed it by seconds of coming in late.
[11:46] {Chaeron} :)
[11:46] {Geo} :)
[11:47] {lisa_jay} I missed it too Chaeron.
[11:47] {Threei} out last portion BRCM
[11:47] {Threei} .71, +.60
[11:47] {Geo} nice!
[11:47] {Chaeron} really nice...
[11:49] {Threei} KLAC is thinking about something
[11:49] {Threei} I'd trail stop to .94
[11:53] {Threei} come on KLAC
[11:55] {Threei} good boy
[11:56] {Threei} hit 1:1 but market retreated immediately
[11:57] {Threei} hard to tell really
[11:57] {Threei} we are coming into lunch lull
[12:00] {Threei} new high
[12:00] {Threei} stop to .99
[12:01] {Threei} SEPT CHICAGO FED MANUFACTURING: 100.6 V 103.5 PRIOR
[12:07] {Threei} I like how KLAC is holding, but really... time to push
[12:08] {ese} see ya tomorow....
[12:08] {Threei} take care ese
[12:08] {ese} see ya vad
[12:08] {Threei} half out KLAC .26
[12:08] {Threei} 1:2 or so
[12:09] {dino} hod
[12:09] {Threei} stop to under .10 KLAC
[12:13] {Geo} off to work.... TY vad and all
[12:13] {Threei} take care Geo
[12:13] {Chaeron} bye Geo!
[12:14] {dino} cya geo
[12:16] {dptl} cmcsk?
[12:17] {Threei} I'd prefer a pullback into .40 or so
[12:17] {dptl} ok ty
[12:17] {Threei} with the look of NQ chart... probably lower
[12:18] {dptl} around .30 or so
[12:18] {dptl} or.35
[12:19] {Threei} WHITE HOUSE: TREASURY WILL DECIDE TO WHAT DEGREE AUTOMAKERS WILL QUALIFY FOR RELIEF PROGRAM
[12:19] {dino} out mcd .20, +.40
[12:19] {Threei} nice
[12:19] {Threei} they gave you fries with that?
[12:20] {dino} lol
[12:22] {Threei} lol, F moved whole 2 cents on that
[12:24] {Threei} scary call:
[12:24] {Threei} Short Setup: FSLR 110, small shares
[12:24] {Threei} if stays under .50
[12:25] {Threei} target about 108
[12:26] {Threei} yuck
[12:26] {Threei} volatility is beyond imaginable
[12:26] {dptl} lol...scary??? it's nuts
[12:26] {Threei} hehe
[12:26] {Chaeron} psychotic
[12:27] {dino} what did you call me
[12:27] {Chaeron} heheh
[12:28] {Threei} KLAC 1/4 more out
[12:28] {Threei} .42
[12:28] {Threei} +.39
[12:29] {dino} gj
[12:29] {Threei} ty
[12:34] {Threei} good boy KLAC
[12:34] {Threei} one more spike please
[12:34] {Threei} so what do you say guys... switch to longer holds works well so far?
[12:35] {Threei} out KLAC last portion.55
[12:35] {Threei} +.52
[12:35] {Threei} hmmm... am I alone in room of zombies?
[12:36] {hawkfan4} zzzz
06[12:37] * Chaeron looks up from his plate of fresh brains...
[12:37] {hawkfan4} nice trade vad
[12:37] {lisa_jay} Sorry Vad. I am a Zombie too.
[12:38] {Threei} ok, I am going out to find some vampire to sire me
[12:38] {lisa_jay} ?
[12:38] {lisa_jay} Sounds ....??
[12:38] {Threei} gotta join undead society I guess
[12:38] {Threei} otherwise no one talks to me
[12:39] {dino} true blood
[12:39] {lisa_jay} Looks like that rally is getting closer....
[12:40] {Threei} if we are to get rally today, it should start with Qs tagging and breaking .65
[12:41] {Threei} while staying above .50
[12:42] {Threei} some hesitation, then break of .76
[12:42] {Threei} and off to races
[12:42] {dino} if we get rally today we will go up
[12:42] {dino} :)
[12:42] {Threei} wow
[12:42] {Threei} that's quite a nugget of wisdom dino
[12:42] {lisa_jay} Deep thinking....:-)
[12:42] {Threei} you may beat me as master of stating the obvious
[12:43] {Threei} and I trained long and hard to get so pompous
[12:43] {dino} interviewing some pro football player te other day, he says if we score more points than opponent, we will win
[12:43] {Threei} rofl
[12:43] {dino} c'mon 8691
[12:43] {Threei} I heard one basketball guy saying "you can'ty win unless you go for the basket"
[12:44] {dino} lol
[12:44] {Threei} another one strongly disagreed with him saying:
[12:44] {Threei} I think defending your basket is just as important
[12:45] {Chaeron} sad thing is that these same ppl have the right to vote
[12:45] {Threei} lol
[12:45] {Threei} and make money exceeding our math abilities
[12:45] {dino} yes
[12:48] {lisa_jay} About the Q's Vad, were you looking at the Ascending Triangle? Thanks.
[12:49] {Threei} a few setups in there, all bullish
[12:49] {Threei} ascending triangle, somewhat distorted C&H, uptrending channel
[12:49] {lisa_jay} Yes, now i see them, thanks.
[12:50] {Threei} now need to break that .76-.80 area
[12:50] {Threei} or 1210 for NQ
[12:51] {Threei} if that happens, I suspect big one coming today
[12:51] {Threei} in DJI terms... 300 is not out of question
[12:51] {Threei} quite possibly more
[12:52] {Threei} here we go
[12:52] {Threei} stop Qs under .60
[12:52] {Threei} letting it trade
[12:52] {Threei} WHITE HOUSE PRESS SEC: AUTO FINANCE ARMS COULD RECEIVE AID AS PART OF FINANCIAL RESCUE PACKAGE
[12:53] {Threei} BRCM 17... sheesh
[12:54] {Threei} and KLAC 20
[12:54] {Threei} with all those hold we still underestimate their strength
[12:54] {Threei} gotta adjust even more, eh?
[12:55] {magoo} bulls on parade
[12:56] {Threei} they are
[12:56] {Threei} charging bulls is powerful thing
[12:57] {magoo} indeed
[12:59] {dino} fwlt sm l .99
[13:01] {Threei} BIDU
[13:01] {Threei} HEARING RENEWED TAKEOVER CHATTER CIRCULATING
[13:01] {magoo} is that percieved good?
[13:02] {magoo} usually?
[13:02] {Threei} shrug
[13:02] {Threei} rumor is rumor
[13:02] {Threei} market can take it as good odds and run it... or disregard it
[13:03] {Threei} my guess is, it just trades with market
[13:22] {Threei} Long Setup: GLD .50 small shares if stays above .30
[13:25] {Threei} stopped
[13:28] {Threei} nezt rally leg is coming it feels
[13:28] {magoo} kinda felt like it all day
[13:28] {Threei} Long Setup: GE .76 if stays above .60
[13:29] {Threei} half out Qs +.30
[13:29] {Threei} OPEC SEC GENERAL AL-BADRI: ANOTHER EXTRAORDINARY MEETING IS POSSIBLE AHEAD OF SCHEDULED DECEMBER CONFERENCE
[13:30] {Threei} what do you call many extraordinary meetings
[13:30] {magoo} ill bite
[13:30] {Chaeron} boring...
[13:30] {Threei} verey ordinary I guess
[13:30] {dino} bout clf .00, +1.00, took all day
[13:30] {Chaeron} kick GE
[13:31] {Threei} let's trail to .65
06[13:31] * laserdave1 slaps Threei around a bit with a large trout
[13:31] {Threei} sigh
06[13:32] * Chaeron slaps laserdave1 around a bit with a large trout
06[13:32] * laserdave1 slaps Chaeron around a bit with a large trout
06[13:32] * laserdave1 slaps magoo around a bit with a large trout
06[13:32] * magoo slaps Threei around a bit with a large trout
06[13:32] * magoo slaps Chaeron around a bit with a large trout
06[13:32] * magoo slaps laserdave1 around a bit with a large trout
[13:33] {Geo} i c i missed a few calls
06[13:33] * Geo slaps laserdave1 around a bit with a large trout
[13:33] {dino} we hold them until you leave geo
[13:33] {Geo} sure :)
[13:33] {Geo} just hold the profitable ones
[13:34] {Threei} offering Qs balance 30.20
[13:34] {Threei} stop to under 30
[13:36] {dino} don't know how it happened but fwlt just sold at .39, +.40
[13:36] {Threei} lol
[13:37] {Threei} top of spike
[13:37] {Threei} beauty
[13:37] {Threei} closed Qs for now
[13:37] {dino} never saw it hit
[13:37] {dino} lucky
[13:37] {Threei} my chart shows spike
[13:37] {Threei} didn't want Level 2
[13:38] {dino} yeah, i see it now
[13:38] {Threei} let's trail GE to under .70
[13:39] {Threei} don't want to let eat into profits
[13:42] {Threei} overtightened Qs I guess
[13:43] {magoo} bills on parade here
[13:43] {magoo} bulls
[13:43] {magoo} bells
[13:43] {Threei} awww Qs
[13:43] {Threei} right nto my target
[13:44] {Threei} {--- still in need of mental reconditioning
[13:51] {dptl} .
[13:55] {Geo} hey chaeron dcc pls
[13:57] {Threei} US TREASURY REPORTEDLY EVALUATING ASSISTANCE TO GM AND CHRYSLER TO ASSIST POSSIBLE MERGER - UNCONFIRMED REPORT
[13:57] {Threei} stupid GE
[14:06] {Threei} looking at UAUA chart
[14:07] {Threei} formed big cup with 11.66 rim
[14:07] {Threei} inverted of course
[14:08] {Threei} 11.65 is short trigger if forms closer stop
[14:09] {Threei} AMZN
[14:09] {Threei} long between .50 - .60 if syats above .30
[14:09] {Threei} stays
[14:09] {Threei} damn dyskleksia
[14:10] {Threei} big offer at .55 is probably the best entry indication
[14:10] {Threei} if taken
[14:13] {Geo} wow
[14:20] {magoo} vad..sell off into bell or run up?
[14:21] {Threei} vcan't tell yet
[14:26] {dino} you can tell us
[14:26] {Threei} but then I would have to kill you
[14:26] {Threei} and I don't want to
[14:26] {Geo} why vad?
[14:27] {Threei} I like you
06[14:27] * Geo blushes
[14:27] {Threei} not you personally dummy
[14:27] {Geo} it was a setup
[14:27] {Threei} of course :)
[14:27] {Geo} ok so i tried a dino on amzn
[14:27] {Geo} barely got out alive
[14:28] {Geo} to iexperienced for that
[14:29] {dino} lol
[14:30] {Threei} for a late day selloff this started too early
[14:30] {Threei} those usually hit on last 20-30 min
[14:31] {dino} well just about 400 pt range day again
[14:31] {Threei} yeah, anothere day in the office
[14:32] {lisa_jay} UAUA in the process of forming that handle.
[14:34] {dptl} cien short at .90?
[14:35] {Threei} if not going above 9 on this NQ upward spike
[14:36] {dptl} ok ty
[14:36] {dino} sm l uthr .00
[14:38] {Threei} UAUA forms resitance at .80 so far
[14:38] {Threei} for a stop placement
[14:39] {lisa_jay} Vad, how much should we take volume into account when deciding a trade. ex if u want to short and see bigger up vol bars.
[14:39] {Threei} on what?
[14:39] {lisa_jay} UAUA maybe.
[14:40] {Threei} insignificant difference
[14:40] {lisa_jay} Ok, thanks.
[14:41] {Geo} drat
[14:47] {Threei} stop iis still above .80
[14:47] {dptl} Vad,on cien you would keep stop over 9?
[14:47] {Geo} you have inventory ?
[14:47] {Threei} no Geo
[14:47] {Geo} k
[14:47] {Threei} for now dp... mayube .95 if you feel NQ reverses
[14:48] {dptl} ok
[14:48] {Threei} and for sure move it to .95 if it breaks below .87
[14:55] {Threei} what a yawn second half of the day
[14:56] {Threei} so far at least
[14:58] {lisa_jay} Vad, for UAUA, you mentioned stop above .80... How much below .80 would you recommend? Thanks.
[14:59] {lisa_jay} Sorry, above .80.
[14:59] {Threei} below?
[14:59] {Threei} oh
[14:59] {Threei} kind of feeling thing... sometimes they barely touch and immediately retreat,
[14:59] {Threei} in such case I'd hold the trade
[15:00] {Threei} but when they move away from a stop or trade firmly over it, time to get out
[15:00] {lisa_jay} Is that why you don't like to have hard stops if not away from computer.
[15:00] {Threei} one reason, yes
[15:01] {Threei} another is
[15:01] {Threei} absence of discretion size wise
[15:01] {Threei} meaning:
[15:01] {Threei} imagine 100K shares at the bid at your stop level,
[15:01] {Threei} first 100 shares go off, your stop is triggered.
[15:02] {Threei} If you watch it, you won't take stop on such print size
[15:02] {Threei} you'll wait to see if that 100K is getting hit
[15:05] {Threei} lol dp, could you possibly pick slower stock than CIEN?? :)
[15:06] {dptl} yeah..
[15:11] {Threei} that too early stgarted selloff maybe the change of pattern
[15:11] {Threei} not ready commit yet
[15:11] {Threei} but watching how it unfolds
[15:13] {Threei} Qs, any pullback starts looking as long
[15:13] {Threei} .50 support
[15:14] {laserdave1} magoo dcc please
[15:15] {Threei} anyone took it under .70?
[15:16] {Threei} wasn't much of pullback really
[15:16] {Geo} i was looking at te red candle
[15:16] {Geo} but though pullback wasnt deep enuff
[15:18] {Threei} in
[15:18] {Threei} stop under .50
[15:18] {Geo} in .65
[15:19] {dptl} .66
[15:22] {Onix} in Q's @ .62
[15:23] {Geo} hmmm
[15:23] {Geo} i think ONIX's size broke the pattern
[15:23] {Threei} oh well
[15:23] {dptl} stopped qqqq
[15:23] {Onix} lo out .49
[15:24] {Threei} CIEN works though
[15:24] {dptl} still in
[15:29] {Threei} strangely, still feels like ramp up into close
[15:29] {laserdave1} magoo dcc if u see this please
[15:30] {magoo} there dave
06[15:30] * Geo slaps magoo around a bit with a large trout
[15:30] {Onix} I was watching KLAC and wanted to take it @ 20.01 !!
[15:30] {Geo} thats not dcc
[15:40] {Threei} what a battle
[15:44] {Threei} if .40 is holding, going to try .51 for one last scalp
[15:45] {dptl} half out cien .75
[15:45] {Threei} good one
[15:45] {Threei} .40 not holding
[15:49] {dino} gj
[15:50] {Threei} if we finish here, it's not bad
[15:51] {Threei} no more deep dive into close
[15:53] {Threei} some selling
[15:53] {Threei} not huge
[15:54] {Threei} a bit more than I would have liked for a solid rally footing
[15:54] {Threei} oh well... not time yet then
[15:55] {dptl} covered some more .62 cien
[15:55] {Threei} 5 min left dp
[15:55] {Threei} just a rfeminder in case you lost track of time
[15:55] {dptl} biding last300 at .53
06[15:57] * Threei slaps dptl around a bit with a large trout
[15:58] {dptl} all out
[15:58] {Threei} whew
[15:58] {Threei} wtg
[15:58] {Threei} OK, don't like this selling
[15:58] {dptl} ty.....
[15:58] {Threei} hoped for better support
[16:00] {Threei} thank you all
[16:00] {hawkfan4} wow
[16:00] {Threei} have a good evening, see you tomorrow for another interesting day
[16:00] {hawkfan4} thx vad, all
[16:00] {dptl} have a good evening all
[16:01] {Onix} thanks Vad, all of the best everyone
[16:01] {Geo} bye all
[16:02] {dino} later all
Session Time: Mon Oct 27 00:00:00 2008
[07:53] {_oneiron} good morning from trial subscriber
[08:25] {magoo} morning oneiron, all
[08:49] {Threei} Good morning
[08:50] {Threei} what is it with single digit gap?
[08:50] {Threei} where are hundreds points?
[08:52] {magoo} morn vad
[08:52] {Threei} mags :)
[08:52] {magoo} was down 222
[08:53] {Threei} yeah... maybe I just need to wake up later, that's all
[08:55] {Threei} WHITE HOUSE'S BOLTON: THE G20 MEETING WILL TAKE STOCK OF THE MEASURES TAKEN TO QUELL THE FINANCIAL CRISIS AND DISCUSS STRATEGY FOR THE FUTURE
[08:55] {Threei} - Meeting will seek to reach an agreement on the causes of the crisis and address principles for governing financial markets.
[08:55] {Threei} - No one should expect the next president to attend the G20 meeting, however we will maintain close communication with the next administration's finance team.
[08:56] {hawkfan4} good morning
[08:56] {Threei} I have hard time imagining 20 of them agreeing on much
[08:56] {Threei} hawk :)
[08:56] {Threei} I mean, they are going to discuss causes?
[08:56] {Threei} 19 of them will scream "USA if the cause"
[08:57] {Threei} if = is
[09:03] {brian3579} gm all
[09:04] {Threei} brian :)
[09:04] {dino} gm all
[09:04] {Threei} dino :)
[09:05] {dino} welcome to the jungle oneiron
[09:05] {_oneiron} ty dino
[09:05] {Threei} morning oneiron, welcome
[09:06] {_oneiron} ty threei
[09:07] {Geo} gm all
[09:07] {Threei} Geo :)
[09:08] {Onix} Good morning all
[09:08] {Threei} Onix :)
[09:08] {Threei} be back in 5
[09:15] {Threei} strong premarket recovery hints of underlying strength, but I would like to get a confirmation
[09:16] {Threei} in a sense that I am willing to buy pullbacks, but somewhat reserved about breakouts
[09:21] {dptl} good morning all
[09:22] {Threei} dp :)
[09:22] {dptl} :)
[09:23] {Threei} overall, working aaumption for now is long
[09:23] {Threei} assumption too
[09:23] {ese} good morning vad dp dino brian grank geo hawk jmb mags onix tom et al......
[09:23] {Threei} ese :)
[09:24] {Geo} hey ese
[09:24] {ese} opps thats frank
[09:24] {ese} grank would have been a good handle though
[09:24] {ese} hows it goin geo
[09:25] {Geo} Monday blues
[09:25] {Geo} :)
[09:25] {ese} yup....
[09:25] {Geo} heard a friend of a friend rumour... so cant confirm the truth
[09:25] {Threei} http://realitytrader.com/vad/Mondays-Suck-Video.wmv
[09:26] {Geo} this asian guy lost about 40k in the stock markets..... mostly financials
[09:26] {Onix} hi ese
[09:26] {Geo} then on a whim awas watching wachovia and bought 10k worth of stocks at 1cent
[09:26] {Geo} sold for 2.5 mill
[09:26] {ese} huhhhh.........
[09:27] {Threei} sounds like urban myth to me :)
[09:27] {Geo} he was so scared it would be busted........he did a broker wire.... didnt resign from company just flew home
[09:27] {ese} whats wachovia at now.....
[09:27] {Geo} i know !
[09:27] {Threei} 5.72
[09:27] {Geo} they traded 385 mill shares on the day it went to 1 cent
[09:28] {Geo} dunno.... i dont know him personally
[09:28] {Geo} but makes for a good story :)
[09:29] {Geo} the funny part is all his colleagues put bids on everything they know for a cent hoping for the same thing
[09:29] {Geo} then balout happenned so no go
[09:29] {dino} gap 8691 from thursday close
[09:31] {Threei} Long Setup: UAUA .30 if stays above .15
[09:34] {Threei} not sure about pullback entry on it, looks flaky
[09:35] {dino} svnt
[09:35] {ese} bstop appl sm 97.01
[09:37] {ese} nope....invalidated....
[09:38] {ese} back on....
[09:39] {ese} hmmmmmm hit .09 and i'm not filled
[09:39] {ese} no there we go .78
[09:40] {Threei} AMZ
[09:40] {Threei} AMZN
[09:40] {ese} nice!!!!!
[09:40] {Threei} pullback entry around 49.30 -.40
[09:41] {Threei} half lot, if gets there
[09:41] {Threei} no chance
[09:48] {ese} out aapl .59 - 19
[09:48] {ese} Ok....did not like that....that thing bounces around like a wounded duck
[09:49] {Threei} everything does so far
[09:49] {dino} dino pictures injured duck
[09:49] {ese} that was weird experience with 250 shs
[09:50] {dino} interesting times
[09:51] {ese} cheap exexperience for 50 bucks though don't think i could have handled more
[09:54] {ese} anyone here trade aapl regularly........how would you handle it
[09:54] {Threei} magoo does
[09:55] {ese} how do you handle it mags.......hold for the day or something ....and how many shs
[09:55] {Threei} essenrially by closing his eyes, hitting randomly buy or short, hitting opposite button beforfe he opens his eyes... then looking what came out of it
[09:55] {ese} ha ha,,
[09:59] {Threei} AMZN pullback entry near 50, small shares
[09:59] {Threei} stop under 49.90
[09:59] {dino} i think he's asleep es
[09:59] {Threei} target closer to 51
[10:00] {Threei} *SEPT NEW HOME SALES: 464K V 450KE
[10:01] {Threei} Long Setup: QQQQ .52
[10:01] {Threei} stop under .35
[10:02] {ese} no kidding...when you can buy a house for a$1.00.......on less than 1% mortgage
[10:02] {Threei} - Median sales price: $218,400 v $222K m/m (Down -9.1% y/y)
[10:02] {dino} mkl v sm l 7.5, risky, wide
[10:02] {Threei} QQQQ 1:1, half out
[10:02] {Threei} not a scalp for me
[10:03] {Threei} should take AMZN over .50 too
[10:03] {Threei} and launch its way to 51
[10:03] {Threei} out half QQQQ .72
[10:04] {Threei} out half AMXN .772
[10:05] {Threei} stop QQQQ balance .45
[10:05] {Threei} AMZN under .30
[10:07] {Threei} out AMZN balance
[10:08] {hawkfan4} nice vad
[10:08] {Threei} BEAV... didn't trust it on 10.85 break...
[10:09] {Threei} done with Qs balance
[10:10] {Threei} waiting for the next moment of clarity, things muddied up again
[10:10] {Geo} very nice call vad
[10:10] {Geo} how did you anticipate the NQ powerup?
[10:11] {hawkfan4} 8-ball
[10:11] {Geo} it was almost like you nailed it
[10:11] {Geo} really
[10:11] {Threei} C&H on 1 min
[10:11] {Onix} Thanks Vad for doing QQQQ for those of us who don't have NQ
[10:12] {Onix} on what?
[10:12] {Geo} i traded QQQQ too
[10:12] {Geo} i think he watches NQ
[10:12] {Threei} answering geo's question, onix
[10:12] {Onix} ty
[10:12] {dino} sm l ice .00
[10:12] {Geo} in fact on one mion chart i dont hthink there is much of diff in patterns
[10:12] {Threei} I guess the best way to handle it would be this guys, tell me if you agree
[10:12] {Threei} out of three, Qs, NQ and QID,
[10:13] {Threei} Qs is the most universal tool
[10:13] {Geo} yes
[10:13] {Threei} not everyone tardes e-minins, QID's volatility is not for everyone,
[10:13] {Threei} yet, it's easy to derive form Qs call according levels for any of those
[10:14] {Threei} so, I am caling Qs, and those who prefer NQ or QID match up their entries
[10:14] {Threei} sounds right?
[10:14] {Geo} sure
[10:14] {hawkfan4} youbet
[10:14] {Onix} ty
[10:14] {tomg} y
[10:14] {Threei} kewl
[10:14] {Geo} any tutorials on mathups? :)
[10:14] {Threei} just look at the charts
[10:14] {Threei} it's quite clear really
[10:14] {Threei} Qs C&H had .52 as trigger,
[10:14] {Geo} more in sense of equivalent numbers
[10:15] {Threei} NQ had coresponding level at 1200
[10:15] {Threei} see it?
[10:15] {Geo} yes
[10:16] {Threei} QID short price would be 83, to match those two
[10:17] {Threei} if I have time, I'll throw NQ in
[10:17] {Geo} cool
[10:20] {dino} ice stopped -.43
[10:21] {ese} were you long or short ice dino?
[10:22] {Threei} [10:12] {dino} sm l ice .00
[10:22] {ese} tks ....
[10:25] {dptl} .
[10:26] {dino} ..
[10:26] {Threei} and chaeron will be the one to swip it all?
[10:27] {Threei} sweep
[10:27] {Threei} BEAV seems to set on course of recent UAUA run
[10:28] {Threei} let's watch for pullbacks
[10:29] {Threei} 11.50 nearest support
[10:30] {Threei} market weakened, don't be in a rush to enter until support solidifies
[10:32] {Threei} half lot .20 if holding above 11
[10:34] {Threei} with any market help should take .35 and jump above .50
[10:34] {Threei} not much help so far
[10:40] {Threei} BRCM
[10:40] {Threei} pulling back into support
[10:40] {Threei} long off 16
[10:40] {Threei} .11 trigger
[10:42] {Threei} market can't find footing
[10:45] {Threei} OK, better now
[10:45] {Threei} need one more spike to reassure bulls
[10:46] {Chaeron} Good morning all
[10:46] {Threei} chaeron :)
[10:46] {Threei} here is my spike
[10:46] {Geo} hey chaeron
[10:47] {magoo} chaer
[10:47] {Threei} come on bulls, le't charge
[10:48] {Threei} meek bulls we've got today
[10:48] {hawkfan4} Long Q's 29.06, stop 28.85
[10:50] {Geo} brcm stop vad?
[10:50] {Threei} come on :)
[10:50] {Threei} under 16 of course
[10:50] {Chaeron} what's the BRCM call?
[10:50] {Threei} BRCM 1:1, half out
[10:51] {Threei} too late chaeron
[10:51] {Threei} .11 was long trigger
[10:51] {Geo} out half .24
[10:51] {Chaeron} thanks.. nice one
[10:51] {Threei} stop to 16.05
[10:52] {Threei} 16.09
[10:52] {Geo} 1/4 out on .32
[10:55] {Geo} C&H
[10:56] {Threei} stop to .15
[10:58] {Threei} offering 1/4 more at .42
[11:00] {hawkfan4} 1/2 out Q's + 25, stop to .19 for the rest
[11:00] {Threei} beauty
[11:00] {hawkfan4} thx :)
[11:00] {Threei} offering half BEAV .52
[11:04] {Threei} 2 cents more BRCM
[11:04] {Threei} be a doll
[11:05] {Threei} am I getting too greedy?
[11:05] {hawkfan4} out rest q's + .13
[11:05] {Geo} all out .4
[11:05] {Threei} anyway, trailing stop to .19
[11:06] {Geo} great all vad
[11:06] {Geo} .29 cents
[11:06] {hawkfan4} nice geo
[11:06] {Threei} T. Boone Pickens confirmed that BP Capital was down around 50% over the last year, totaling losses of around $2B
[11:07] {Geo} not exactly chump change
[11:07] {patience} think of how much shopping i could have done with that
[11:08] {Threei} lol
[11:08] {hawkfan4} lol
[11:08] {patience} stocks i mean
[11:08] {Geo} of course
[11:08] {Threei} 1/4 out BRCM .39
[11:08] {Threei} sure
[11:09] {magoo} bulls on parade
[11:10] {lisa_jay} Good morning.
[11:10] {Threei} lisa :)
[11:10] {lisa_jay} Looks like you had a great morning.
[11:10] {Threei} not bad but nothing outstanding
[11:11] {lisa_jay} Kid #2 Dr. Appt...just got back. Thank god i only have 2.
[11:11] {dino} clf sm l .00, stop lod
[11:12] {lisa_jay} Any way to see the morning post Vad, I only can see from since log - in (10:57).
[11:12] {hawkfan4} got clf .04 sm dino
[11:12] {Threei} after close, when the log is posted...
[11:12] {lisa_jay} Ok, thanks.
[11:13] {Threei} BRCM stop to .25
[11:14] {Threei} gotta chose between taking profit into next spike and simply trailing stop from now on for the last portion
[11:15] {hawkfan4} 1/2 out clf +.50, stop .94 on rest, thx dino
[11:15] {Threei} nice guys
[11:16] {Threei} hunting for pullbacks strategy works like charm so far
[11:16] {Threei} excpet BEAV... don't know why I refused to take 1:1, lol
[11:17] {Threei} anyway, half lot with 20 cents stop, not a big deal
[11:18] {Threei} stop to .29 BRCM
[11:18] {Geo} wow vad
[11:18] {Threei} will move to .35 after .50 break
[11:18] {Geo} you looking to squeeze a buck :)
[11:19] {Geo} am I glad you arent a bill collector
[11:19] {Threei} well... you remember my promise to start switching to day trades from scalps as bulls slowly roll in
[11:19] {Geo} yes
[11:19] {Geo} i think thats your biggest skill vad
[11:20] {Threei} ?
[11:20] {Geo} adjusting according to market
[11:20] {Geo} as you ve seen cycles
[11:20] {Geo} and successfully traded em
[11:20] {Geo} lots of success full people didtt retoo and lost big in this environment
[11:20] {Geo} retool
[11:21] {Threei} like pickens
[11:21] {Threei} lol
[11:21] {Geo} yeah lol
[11:21] {Threei} out BEAV
[11:22] {dino} gj hawk
[11:22] {Threei} I will post a blog article on changing the tune near market turning points,
[11:22] {dptl} klac?
[11:22] {Threei} what impacts our decisiosn and perceptions and how
[11:23] {hawkfan4} thx dino, -.05 on the last. scalpy morning for me
[11:23] {Threei} if market spikes again, dp, and KLAC stays above .90
[11:24] {dptl} ok ty
[11:25] {Threei} holding well
[11:29] {Geo} klac wants up badly
[11:29] {Threei} yes, just needs little help
[11:30] {Geo} nice dptl
[11:35] {dino} sm l mcd .80
[11:39] {Threei} BRCM broke .50
[11:39] {Threei} stop to .35
[11:44] {lisa_jay} Vad, where was BRCM entry? Thanks
[11:45] {Threei} 16.11
[11:46] {Chaeron} thanks LJ... remind me that I missed it by seconds of coming in late.
[11:46] {Chaeron} :)
[11:46] {Geo} :)
[11:47] {lisa_jay} I missed it too Chaeron.
[11:47] {Threei} out last portion BRCM
[11:47] {Threei} .71, +.60
[11:47] {Geo} nice!
[11:47] {Chaeron} really nice...
[11:49] {Threei} KLAC is thinking about something
[11:49] {Threei} I'd trail stop to .94
[11:53] {Threei} come on KLAC
[11:55] {Threei} good boy
[11:56] {Threei} hit 1:1 but market retreated immediately
[11:57] {Threei} hard to tell really
[11:57] {Threei} we are coming into lunch lull
[12:00] {Threei} new high
[12:00] {Threei} stop to .99
[12:01] {Threei} SEPT CHICAGO FED MANUFACTURING: 100.6 V 103.5 PRIOR
[12:07] {Threei} I like how KLAC is holding, but really... time to push
[12:08] {ese} see ya tomorow....
[12:08] {Threei} take care ese
[12:08] {ese} see ya vad
[12:08] {Threei} half out KLAC .26
[12:08] {Threei} 1:2 or so
[12:09] {dino} hod
[12:09] {Threei} stop to under .10 KLAC
[12:13] {Geo} off to work.... TY vad and all
[12:13] {Threei} take care Geo
[12:13] {Chaeron} bye Geo!
[12:14] {dino} cya geo
[12:16] {dptl} cmcsk?
[12:17] {Threei} I'd prefer a pullback into .40 or so
[12:17] {dptl} ok ty
[12:17] {Threei} with the look of NQ chart... probably lower
[12:18] {dptl} around .30 or so
[12:18] {dptl} or.35
[12:19] {Threei} WHITE HOUSE: TREASURY WILL DECIDE TO WHAT DEGREE AUTOMAKERS WILL QUALIFY FOR RELIEF PROGRAM
[12:19] {dino} out mcd .20, +.40
[12:19] {Threei} nice
[12:19] {Threei} they gave you fries with that?
[12:20] {dino} lol
[12:22] {Threei} lol, F moved whole 2 cents on that
[12:24] {Threei} scary call:
[12:24] {Threei} Short Setup: FSLR 110, small shares
[12:24] {Threei} if stays under .50
[12:25] {Threei} target about 108
[12:26] {Threei} yuck
[12:26] {Threei} volatility is beyond imaginable
[12:26] {dptl} lol...scary??? it's nuts
[12:26] {Threei} hehe
[12:26] {Chaeron} psychotic
[12:27] {dino} what did you call me
[12:27] {Chaeron} heheh
[12:28] {Threei} KLAC 1/4 more out
[12:28] {Threei} .42
[12:28] {Threei} +.39
[12:29] {dino} gj
[12:29] {Threei} ty
[12:34] {Threei} good boy KLAC
[12:34] {Threei} one more spike please
[12:34] {Threei} so what do you say guys... switch to longer holds works well so far?
[12:35] {Threei} out KLAC last portion.55
[12:35] {Threei} +.52
[12:35] {Threei} hmmm... am I alone in room of zombies?
[12:36] {hawkfan4} zzzz
06[12:37] * Chaeron looks up from his plate of fresh brains...
[12:37] {hawkfan4} nice trade vad
[12:37] {lisa_jay} Sorry Vad. I am a Zombie too.
[12:38] {Threei} ok, I am going out to find some vampire to sire me
[12:38] {lisa_jay} ?
[12:38] {lisa_jay} Sounds ....??
[12:38] {Threei} gotta join undead society I guess
[12:38] {Threei} otherwise no one talks to me
[12:39] {dino} true blood
[12:39] {lisa_jay} Looks like that rally is getting closer....
[12:40] {Threei} if we are to get rally today, it should start with Qs tagging and breaking .65
[12:41] {Threei} while staying above .50
[12:42] {Threei} some hesitation, then break of .76
[12:42] {Threei} and off to races
[12:42] {dino} if we get rally today we will go up
[12:42] {dino} :)
[12:42] {Threei} wow
[12:42] {Threei} that's quite a nugget of wisdom dino
[12:42] {lisa_jay} Deep thinking....:-)
[12:42] {Threei} you may beat me as master of stating the obvious
[12:43] {Threei} and I trained long and hard to get so pompous
[12:43] {dino} interviewing some pro football player te other day, he says if we score more points than opponent, we will win
[12:43] {Threei} rofl
[12:43] {dino} c'mon 8691
[12:43] {Threei} I heard one basketball guy saying "you can'ty win unless you go for the basket"
[12:44] {dino} lol
[12:44] {Threei} another one strongly disagreed with him saying:
[12:44] {Threei} I think defending your basket is just as important
[12:45] {Chaeron} sad thing is that these same ppl have the right to vote
[12:45] {Threei} lol
[12:45] {Threei} and make money exceeding our math abilities
[12:45] {dino} yes
[12:48] {lisa_jay} About the Q's Vad, were you looking at the Ascending Triangle? Thanks.
[12:49] {Threei} a few setups in there, all bullish
[12:49] {Threei} ascending triangle, somewhat distorted C&H, uptrending channel
[12:49] {lisa_jay} Yes, now i see them, thanks.
[12:50] {Threei} now need to break that .76-.80 area
[12:50] {Threei} or 1210 for NQ
[12:51] {Threei} if that happens, I suspect big one coming today
[12:51] {Threei} in DJI terms... 300 is not out of question
[12:51] {Threei} quite possibly more
[12:52] {Threei} here we go
[12:52] {Threei} stop Qs under .60
[12:52] {Threei} letting it trade
[12:52] {Threei} WHITE HOUSE PRESS SEC: AUTO FINANCE ARMS COULD RECEIVE AID AS PART OF FINANCIAL RESCUE PACKAGE
[12:53] {Threei} BRCM 17... sheesh
[12:54] {Threei} and KLAC 20
[12:54] {Threei} with all those hold we still underestimate their strength
[12:54] {Threei} gotta adjust even more, eh?
[12:55] {magoo} bulls on parade
[12:56] {Threei} they are
[12:56] {Threei} charging bulls is powerful thing
[12:57] {magoo} indeed
[12:59] {dino} fwlt sm l .99
[13:01] {Threei} BIDU
[13:01] {Threei} HEARING RENEWED TAKEOVER CHATTER CIRCULATING
[13:01] {magoo} is that percieved good?
[13:02] {magoo} usually?
[13:02] {Threei} shrug
[13:02] {Threei} rumor is rumor
[13:02] {Threei} market can take it as good odds and run it... or disregard it
[13:03] {Threei} my guess is, it just trades with market
[13:22] {Threei} Long Setup: GLD .50 small shares if stays above .30
[13:25] {Threei} stopped
[13:28] {Threei} nezt rally leg is coming it feels
[13:28] {magoo} kinda felt like it all day
[13:28] {Threei} Long Setup: GE .76 if stays above .60
[13:29] {Threei} half out Qs +.30
[13:29] {Threei} OPEC SEC GENERAL AL-BADRI: ANOTHER EXTRAORDINARY MEETING IS POSSIBLE AHEAD OF SCHEDULED DECEMBER CONFERENCE
[13:30] {Threei} what do you call many extraordinary meetings
[13:30] {magoo} ill bite
[13:30] {Chaeron} boring...
[13:30] {Threei} verey ordinary I guess
[13:30] {dino} bout clf .00, +1.00, took all day
[13:30] {Chaeron} kick GE
[13:31] {Threei} let's trail to .65
06[13:31] * laserdave1 slaps Threei around a bit with a large trout
[13:31] {Threei} sigh
06[13:32] * Chaeron slaps laserdave1 around a bit with a large trout
06[13:32] * laserdave1 slaps Chaeron around a bit with a large trout
06[13:32] * laserdave1 slaps magoo around a bit with a large trout
06[13:32] * magoo slaps Threei around a bit with a large trout
06[13:32] * magoo slaps Chaeron around a bit with a large trout
06[13:32] * magoo slaps laserdave1 around a bit with a large trout
[13:33] {Geo} i c i missed a few calls
06[13:33] * Geo slaps laserdave1 around a bit with a large trout
[13:33] {dino} we hold them until you leave geo
[13:33] {Geo} sure :)
[13:33] {Geo} just hold the profitable ones
[13:34] {Threei} offering Qs balance 30.20
[13:34] {Threei} stop to under 30
[13:36] {dino} don't know how it happened but fwlt just sold at .39, +.40
[13:36] {Threei} lol
[13:37] {Threei} top of spike
[13:37] {Threei} beauty
[13:37] {Threei} closed Qs for now
[13:37] {dino} never saw it hit
[13:37] {dino} lucky
[13:37] {Threei} my chart shows spike
[13:37] {Threei} didn't want Level 2
[13:38] {dino} yeah, i see it now
[13:38] {Threei} let's trail GE to under .70
[13:39] {Threei} don't want to let eat into profits
[13:42] {Threei} overtightened Qs I guess
[13:43] {magoo} bills on parade here
[13:43] {magoo} bulls
[13:43] {magoo} bells
[13:43] {Threei} awww Qs
[13:43] {Threei} right nto my target
[13:44] {Threei} {--- still in need of mental reconditioning
[13:51] {dptl} .
[13:55] {Geo} hey chaeron dcc pls
[13:57] {Threei} US TREASURY REPORTEDLY EVALUATING ASSISTANCE TO GM AND CHRYSLER TO ASSIST POSSIBLE MERGER - UNCONFIRMED REPORT
[13:57] {Threei} stupid GE
[14:06] {Threei} looking at UAUA chart
[14:07] {Threei} formed big cup with 11.66 rim
[14:07] {Threei} inverted of course
[14:08] {Threei} 11.65 is short trigger if forms closer stop
[14:09] {Threei} AMZN
[14:09] {Threei} long between .50 - .60 if syats above .30
[14:09] {Threei} stays
[14:09] {Threei} damn dyskleksia
[14:10] {Threei} big offer at .55 is probably the best entry indication
[14:10] {Threei} if taken
[14:13] {Geo} wow
[14:20] {magoo} vad..sell off into bell or run up?
[14:21] {Threei} vcan't tell yet
[14:26] {dino} you can tell us
[14:26] {Threei} but then I would have to kill you
[14:26] {Threei} and I don't want to
[14:26] {Geo} why vad?
[14:27] {Threei} I like you
06[14:27] * Geo blushes
[14:27] {Threei} not you personally dummy
[14:27] {Geo} it was a setup
[14:27] {Threei} of course :)
[14:27] {Geo} ok so i tried a dino on amzn
[14:27] {Geo} barely got out alive
[14:28] {Geo} to iexperienced for that
[14:29] {dino} lol
[14:30] {Threei} for a late day selloff this started too early
[14:30] {Threei} those usually hit on last 20-30 min
[14:31] {dino} well just about 400 pt range day again
[14:31] {Threei} yeah, anothere day in the office
[14:32] {lisa_jay} UAUA in the process of forming that handle.
[14:34] {dptl} cien short at .90?
[14:35] {Threei} if not going above 9 on this NQ upward spike
[14:36] {dptl} ok ty
[14:36] {dino} sm l uthr .00
[14:38] {Threei} UAUA forms resitance at .80 so far
[14:38] {Threei} for a stop placement
[14:39] {lisa_jay} Vad, how much should we take volume into account when deciding a trade. ex if u want to short and see bigger up vol bars.
[14:39] {Threei} on what?
[14:39] {lisa_jay} UAUA maybe.
[14:40] {Threei} insignificant difference
[14:40] {lisa_jay} Ok, thanks.
[14:41] {Geo} drat
[14:47] {Threei} stop iis still above .80
[14:47] {dptl} Vad,on cien you would keep stop over 9?
[14:47] {Geo} you have inventory ?
[14:47] {Threei} no Geo
[14:47] {Geo} k
[14:47] {Threei} for now dp... mayube .95 if you feel NQ reverses
[14:48] {dptl} ok
[14:48] {Threei} and for sure move it to .95 if it breaks below .87
[14:55] {Threei} what a yawn second half of the day
[14:56] {Threei} so far at least
[14:58] {lisa_jay} Vad, for UAUA, you mentioned stop above .80... How much below .80 would you recommend? Thanks.
[14:59] {lisa_jay} Sorry, above .80.
[14:59] {Threei} below?
[14:59] {Threei} oh
[14:59] {Threei} kind of feeling thing... sometimes they barely touch and immediately retreat,
[14:59] {Threei} in such case I'd hold the trade
[15:00] {Threei} but when they move away from a stop or trade firmly over it, time to get out
[15:00] {lisa_jay} Is that why you don't like to have hard stops if not away from computer.
[15:00] {Threei} one reason, yes
[15:01] {Threei} another is
[15:01] {Threei} absence of discretion size wise
[15:01] {Threei} meaning:
[15:01] {Threei} imagine 100K shares at the bid at your stop level,
[15:01] {Threei} first 100 shares go off, your stop is triggered.
[15:02] {Threei} If you watch it, you won't take stop on such print size
[15:02] {Threei} you'll wait to see if that 100K is getting hit
[15:05] {Threei} lol dp, could you possibly pick slower stock than CIEN?? :)
[15:06] {dptl} yeah..
[15:11] {Threei} that too early stgarted selloff maybe the change of pattern
[15:11] {Threei} not ready commit yet
[15:11] {Threei} but watching how it unfolds
[15:13] {Threei} Qs, any pullback starts looking as long
[15:13] {Threei} .50 support
[15:14] {laserdave1} magoo dcc please
[15:15] {Threei} anyone took it under .70?
[15:16] {Threei} wasn't much of pullback really
[15:16] {Geo} i was looking at te red candle
[15:16] {Geo} but though pullback wasnt deep enuff
[15:18] {Threei} in
[15:18] {Threei} stop under .50
[15:18] {Geo} in .65
[15:19] {dptl} .66
[15:22] {Onix} in Q's @ .62
[15:23] {Geo} hmmm
[15:23] {Geo} i think ONIX's size broke the pattern
[15:23] {Threei} oh well
[15:23] {dptl} stopped qqqq
[15:23] {Onix} lo out .49
[15:24] {Threei} CIEN works though
[15:24] {dptl} still in
[15:29] {Threei} strangely, still feels like ramp up into close
[15:29] {laserdave1} magoo dcc if u see this please
[15:30] {magoo} there dave
06[15:30] * Geo slaps magoo around a bit with a large trout
[15:30] {Onix} I was watching KLAC and wanted to take it @ 20.01 !!
[15:30] {Geo} thats not dcc
[15:40] {Threei} what a battle
[15:44] {Threei} if .40 is holding, going to try .51 for one last scalp
[15:45] {dptl} half out cien .75
[15:45] {Threei} good one
[15:45] {Threei} .40 not holding
[15:49] {dino} gj
[15:50] {Threei} if we finish here, it's not bad
[15:51] {Threei} no more deep dive into close
[15:53] {Threei} some selling
[15:53] {Threei} not huge
[15:54] {Threei} a bit more than I would have liked for a solid rally footing
[15:54] {Threei} oh well... not time yet then
[15:55] {dptl} covered some more .62 cien
[15:55] {Threei} 5 min left dp
[15:55] {Threei} just a rfeminder in case you lost track of time
[15:55] {dptl} biding last300 at .53
06[15:57] * Threei slaps dptl around a bit with a large trout
[15:58] {dptl} all out
[15:58] {Threei} whew
[15:58] {Threei} wtg
[15:58] {Threei} OK, don't like this selling
[15:58] {dptl} ty.....
[15:58] {Threei} hoped for better support
[16:00] {Threei} thank you all
[16:00] {hawkfan4} wow
[16:00] {Threei} have a good evening, see you tomorrow for another interesting day
[16:00] {hawkfan4} thx vad, all
[16:00] {dptl} have a good evening all
[16:01] {Onix} thanks Vad, all of the best everyone
[16:01] {Geo} bye all
[16:02] {dino} later all
