Session Time: Tue Oct 07 00:00:00 2008
[08:11] {Threei} Good morning sleepless souls
[08:11] {Threei} look at FSLR to wake up immediately... works better tha coffee
[08:11] {hawkfan4} am i dreaming?
[08:11] {_xzap} Good morning Vad
[08:11] {Threei} apparently hawk
[08:11] {Threei} morning xzap
[08:12] {Threei} guys, just in case:
[08:12] {Threei} we have very strong winds here,
[08:12] {Threei} there was power interruption earlier, retsored just 1o min ago
[08:13] {Threei} if I disappear, you know why
[08:13] {_xzap} all the solars are gapping down today Vad
[08:13] {magoo} kjdslkhgrrhjs
[08:13] {Threei} mags :)
[08:13] {Threei} looks like they are led by FSLR
[08:13] {Threei} downgrade by GS
[08:14] {_xzap} I've got FSLR, ENER & SPWRA with big gap downs
[08:15] {magoo} man..20 poiunts
[08:16] {hawkfan4} futures just went wild, 15 pt swing in a minute
[08:16] {_xzap} Somebody likes BUCY this am
[08:18] {_xzap} DJ Energy Conversion Started At Buy By Wedbush Morgan }ENER
[08:20] {_xzap} Vad } I would love to be able to run your chat on a 3rd monitor but I need a Mac version to make it work. Is there one ?
[08:20] {Threei} I know people run it on Mac
[08:21] {Threei} no slightest idea how, closest I've ever been of Mac is about 15 ft
[08:21] {Threei} ask esemde or peter when they come in
[08:21] {_xzap} ok, will do
[08:22] {_xzap} looks like the futures are about to go negative
[08:25] {Threei} S&P just did
[08:29] {magoo} sigh..was bumped all this time
[08:29] {magoo} scanner too
[08:29] {Threei} I saw... your end
[08:30] {magoo} really..my side?
[08:30] {Threei} yes, we were up
[08:30] {magoo} great lol
[08:31] {magoo} dino leaves and sabatoges my connect to prevent his guilt feelingsof being a slacker
[08:31] {Threei} lol
[08:31] {magoo} news FSLR?
[08:31] {Threei} [08:13] {Threei} downgrade by GS
[08:32] {magoo} target?
[08:33] {Threei} just to Sell
[08:46] {cosmo} just another night on Bald Mountain...
[08:54] {Threei} cosmo... any insight into witchcraft usefulness in trading?
[08:54] {esemde} gm...
[08:54] {Threei} ese :)
[08:55] {cosmo} well... they prolly wont burn ya for it these days...
[08:56] {cosmo} i had to give it up when i got married tho
[08:59] {Threei} question is, did she?
[08:59] {cosmo} yeah... role reversal i guess
[09:00] {cosmo} no... she's jut getting good at it....
[09:00] {Threei} hehe
[09:00] {cosmo} just
[09:00] {Threei} *FED TO BUY US COMMERICAL PAPER THRU SPECIAL UNIT
[09:02] {cosmo} COIN on a roll
[09:03] {Threei} strange prints above 5
[09:04] {cosmo} preview of things to come?
[09:04] {Threei} can't tell...
[09:05] {Threei} financials liked this last news from fed
[09:07] {Threei} IRANIAN NEWS AGENCY REPORTS A US WARPLANE VIOLATED ITS AIRSPACE AND WAS FORCED TO LAND IN IRAN
[09:07] {cosmo} hmmm
[09:08] {cosmo} FFIV
[09:09] {cosmo} pre mkt high = 13.20
[09:09] {cosmo} 23.20
[09:12] {magoo} SIGHHHHHHHHHHHHHHH
[09:12] {Threei} yeah... your connection is, how do I put it mildly
[09:12] {peterg} morning
[09:12] {Threei} peter :)
[09:12] {peterg} question of mac usage: using bootcamp, switch to windows.
[09:13] {peterg} couldn't get things to work with parallels, the virtual pc, but had
[09:13] {peterg} success with bootcamp, xzap.
[09:13] {_xzap} not fam. with bootcamp
[09:13] {esemde} which of you hace a macbook pro and are running windows on it......how do you enable the wireless hardware for the windows side
[09:15] {magoo} weird..everything else up vad except room and iscan
[09:15] {magoo} so not my whole connection
[09:15] {esemde} ahhh peter it's you......can you log onto the net with the windows side
[09:15] {peterg} Bootcamp is the program in the latest version of the operating system that allows you to install windows and use it on restart
[09:15] {peterg} ese, yes you betcha
[09:15] {esemde} how did you do it....
[09:15] {_xzap} I have OS X
[09:15] {peterg} Dont know, it just has all the stuff there
[09:16] {peterg} finding signal, etc.
[09:16] {_xzap} not the latest version, is it tiger or leopard ?
[09:16] {peterg} leopard
[09:16] {peterg} big introduction about a uyear ago, I think
[09:16] {_xzap} then I have Tiger
[09:16] {peterg} the computer has to have this dual chip whose name I dont recall
[09:16] {peterg} the intel chip i think
[09:16] {peterg} the intel mac chip
[09:17] {peterg} dual core?
[09:17] {peterg} dual something
[09:17] {GeoArb} gm all
[09:17] {peterg} Geo!
[09:17] {Threei} geo :)
[09:17] {esemde} geo
[09:17] {Onix} Good morning pilgrims
[09:17] {_xzap} I run VMware on it now. So you're saying I need Bootcamp to run the mIRC on it ?
[09:18] {peterg} Not sure
[09:18] {peterg} maybe I can run miRC on mac; you say not?
[09:18] {_xzap} I can't
[09:18] {Threei} onix :)
[09:18] {peterg} VMware might support miRC; try it
[09:18] {peterg} Parallels did not support my Laser trading platform
[09:19] {_xzap} but then I can't push the mIRC window to my 3rd monitor
[09:19] {peterg} It did Fidelity Pro
[09:19] {peterg} Yes, its always something
[09:19] {peterg} I had a problem like that,
[09:20] {Threei} PENTAGON SAYS NOT AWARE OF ANY AIRCRAFT BEING FORCED TO LAND IN IRAN
[09:21] {_xzap} NASDAQ gap ups: GOLD,FFIV,JRCC,SSRI,CENX,CELG
[09:22] {Threei} NCC trying yesterday's resistance
[09:25] {Threei} eyeing DELL as market follower
[09:26] {dptl} good morning all
[09:26] {Threei} dp :)
[09:28] {_xzap} hi dp
[09:29] {dptl} morning :)
[09:29] {Threei} NCC shows more strength
[09:29] {Threei} watch for sharp selling at the open
[09:29] {Threei} it often happens on these little finnies
[09:29] {Threei} and almost invariably presents a good entry point
[09:29] {Threei} for immdiate bounce
[09:31] {cosmo} FFIV tests 23.20 soon ... i think
[09:32] {Threei} here it goes NCC
[09:32] {Threei} 2.60 - 2.70 area I'd guess
[09:32] {magoo} closer to .50?
[09:32] {Threei} usually they bounce off premarkett low
[09:33] {Threei} 2.60 in this case
[09:33] {_xzap} .52 is my pivot
[09:33] {Threei} got .62
[09:33] {magoo} in .64
[09:34] {hawkfan4} .65, still groggy i guess
[09:34] {Threei} lol
[09:34] {Threei} takes a bit too long... usually they jump right back
[09:35] {Threei} 2.59 stop
[09:36] {magoo} out .72
[09:36] {Threei} offering .85
[09:36] {Threei} risk is miniscule
[09:37] {magoo} back in
[09:37] {Threei} hmmm
[09:37] {magoo} scalpin reload
[09:37] {Threei} a bit weird method to play them :)
[09:38] {GeoArb} better than mine
[09:38] {magoo} hmmmmm
[09:38] {Threei} IRANIAN GOVT NOTES IT HAS NO INFORMATION ON REPORTS OF A US PLANE BEING FORCED TO LAND, IN CONTRAST TO PRIOR IRANIAN PRESS REPORTS
[09:38] {GeoArb} didnt put down coffee mug fast enuff
[09:38] {Threei} lol
[09:40] {esemde} now that was funny.....
[09:40] {magoo} we go down 800 points today and then finish green i gonna cut my wrists with a banana
[09:40] {Threei} Long Setup: JNPR 19 half lot
[09:41] {Threei} stop under .80
[09:43] {Threei} 1:1 was easy
[09:43] {magoo} out here TY
[09:43] {Threei} wehther you partialed or not, stop to under .90
[09:44] {magoo} full in...full out
[09:45] {Threei} NCC stop to .64
[09:45] {Threei} starts annoying me, don't want to lose a cent on it
[09:45] {magoo} big recovery FSLR
[09:46] {Threei} wild one
[09:46] {magoo} ya ya
06[09:46] * Threei slaps magoo around a bit with a large trout
[09:47] {magoo} :)
[09:47] {Threei} great... just when I started typing alert DELL long .73 it teleported to above .80
[09:48] {Threei} market downticks right now, don't go in DELL on price alone
[09:52] {Threei} Long Setup: DELL .71 if holding above .60
[09:54] {_xzap} watching FWLT for pivot at 28
[09:55] {magoo} dow red
[09:55] {Threei} NASDAQ too
[09:56] {GeoArb} stopped
[09:57] {Threei} let's wait out selling fit
[09:57] {GeoArb} :(
[09:57] {GeoArb} no one else too .71?
[09:57] {Onix} stopped in both NCC & DELL
[09:57] {Threei} JNPR?
[09:58] {_xzap} FWLT found sup
[09:58] {Onix} was too late for jnpr
[10:01] {_xzap} out FWLT + .70
[10:02] {esemde} nice one zap
[10:03] {_xzap} those gap reversals are so easy except when they aren't
[10:04] {_xzap} EGLE near pivot 9.80
[10:06] {_xzap} watching JNPR for 18.30
[10:09] {Onix} look at me now, says NCC!
[10:09] {Threei} no kidding
[10:11] {magoo} market still very news sensitive
[10:11] {magoo} pop on lil comm'l p[aper news there
[10:11] {magoo} wants to go up imo
[10:11] {magoo} but nervous
[10:11] {magoo} wants to explode up
[10:12] {magoo} chime in vad
[10:12] {Threei} nothing to say really
[10:12] {Threei} listless up and down
[10:13] {magoo} that does it.............................
06[10:13] * magoo slaps Threei around a bit with a large trout
[10:13] {GeoArb} someone tell me how to do that !!
[10:13] {GeoArb} my rightclick doesnt work in mirc
[10:13] {Threei} good
[10:13] {Threei} lol
06[10:14] * GeoArb slaps Threei around a bit with a large trout
[10:14] {GeoArb} hehhe figured it out....... context menu went to diff screen
[10:17] {_xzap} out EGLE + .20
[10:18] {Onix} gj
[10:18] {Threei} Long Setup: QCOM 41 break half lot
[10:18] {Threei} if stays above .75
[10:20] {Threei} invalidated
[10:22] {GeoArb} chop suey
[10:22] {_xzap} I'm still watching JNPR for 18.32
[10:24] {magoo} vad, any recent news GOOG?
[10:24] {Threei} nah
[10:24] {_xzap} FWLT still has strength
[10:24] {Threei} meaningless price target lowering today
[10:24] {magoo} to what 500 he he
[10:25] {Threei} 525
[10:27] {_xzap} Watching JRCC above 20.0
[10:29] {_xzap} Watching DRYS above .30
[10:29] {Threei} want to see last pullback, then breakout and rally
[10:30] {Threei} DELL will be a candidate if this scenarion materializes
[10:30] {Threei} .80 resistance to break
[10:30] {Threei} so far meaningful support is .60 but hopefully it forms closer one
[10:33] {Threei} NQ looks willing
[10:34] {Threei} break already DELL will ya?
[10:34] {GeoArb} wo i thought it did for a second
[10:34] {GeoArb} was i early?
[10:35] {Threei} no it did
[10:35] {GeoArb} thats it !!!
[10:35] {GeoArb} no more dell purchases at work
[10:36] {_xzap} # 1 sector now: Coal
[10:37] {GeoArb} so this guy killed himself and 5 members of his family in my neighbourhood this week
[10:37] {GeoArb} "finances"
[10:37] {_xzap} dang Geo !
[10:37] {_xzap} I'd move
[10:37] {GeoArb} ok 2 miles north of me
[10:37] {GeoArb} lol
[10:37] {_xzap} I
[10:37] {_xzap} I'd still move
[10:38] {GeoArb} in la then youd keep moving
[10:38] {_xzap} LOL
[10:38] {_xzap} Vad, does it look like a lot of res here?
[10:38] {GeoArb} sad part was his eldest kid was fullbright scholar to UCLA
[10:39] {GeoArb} younger kid honor studenst
[10:39] {GeoArb} killed em all
[10:39] {Threei} you mwean certain stock or market in general?
[10:39] {GeoArb} out of work financial advisor making wierd financial bets
[10:39] {_xzap} in general, all on my watch list are hitting res
[10:39] {Threei} zap?
[10:39] {Threei} ok
[10:39] {GeoArb} oops
[10:39] {Threei} IMO{
[10:40] {Threei} this is preparation for a rally,
[10:40] {Threei} shakeouts,
[10:40] {Threei} return to highs,
[10:40] {Threei} new shakouts,
[10:40] {dptl} ahh...got to go.....have a good rest of the day all:)
[10:40] {GeoArb} anyone else in dell?
[10:40] {Threei} no deep selloffs,
[10:40] {Threei} just market trying to get rid of as many as possible before going up
[10:40] {Threei} take care dp
[10:40] {magoo} bye dp:)
[10:41] {_xzap} see ya dp
[10:41] {Threei} Geo... why this constant need to know who else is in this or that?
[10:41] {Threei} do you feel like it validates or invalidates your entries? :)
[10:41] {GeoArb} just rying to see if i jumped the gun (again)
[10:41] {_xzap} watching JRCC for 20.21
[10:42] {_xzap} just tell me to shut up if I'm posting too many watchers Vad
[10:46] {Threei} why... we exchange ideas freely
[10:47] {_xzap} ok, I'm new here and still learning
[10:47] {_xzap} JRCC trying to break above R2
[10:47] {Threei} funny... yesterday with all the blood on the street was much easier to trade than today
[10:48] {_xzap} R2 = 2nd level of res
[10:48] {hawkfan4} herky jerky
[10:48] {_xzap} in JRCC
[10:49] {GeoArb} so what platform/tools are u using zap to calculate your pivots?
[10:50] {_xzap} I use QuoteTracker charts and E Signal scanners
[10:50] {GeoArb} esignal data feed?
[10:50] {_xzap} I just use the scanners, no the E Sig platform
[10:50] {GeoArb} for QT?
[10:50] {_xzap} TDA data feed
[10:50] {GeoArb} ok TY
[10:51] {GeoArb} do you use esignla sector scanner?
[10:51] {_xzap} the thing I like about QT is it will draw the pivots, sup and res for you
[10:51] {Onix} Until later, gotta go to work now
[10:52] {_xzap} see ay Onix
[10:52] {_xzap} I use the Power Scan pkg
[10:53] {GeoArb} ok thanks
[10:53] {_xzap} stopped out JRCC
[10:56] {_xzap} Geo } The Pre Market Scan is the most useful tool for me to find the gap ups/downs
[10:56] {Threei} so far, jerky and undecisive
[10:56] {GeoArb} ok
[10:57] {_xzap} then I load about 5 - 10 of them in QT and start scanning for those pivots
[10:58] {_xzap} I usualy have a monitor headache by 10 am *LOL*
[10:58] {GeoArb} stopped dell
[10:59] {GeoArb} :)
[11:00] {_xzap} DRYS possible short
[11:02] {Threei} UAUA bounce candidate
[11:03] {Threei} 6.15 trigger
[11:04] {Threei} with any market help should be good to 6.35 - 6.40
[11:05] {Threei} ED'S STERN: THE FINANCIAL MARKET SHOCK IS "UNPRECEDENTED"
[11:06] {_xzap} short DRYS
[11:12] {magoo} in vad .13
[11:12] {Threei} ok NQ, enough games
[11:12] {Threei} move already
[11:13] {GeoArb} stop .05?
[11:13] {Threei} for hardcore scalpers yes; for bigger move, under 6
[11:15] {Threei} volume is so low, it just has to be a shakeout
[11:19] {_xzap} covered DRYS +.10 getting really choppy
[11:20] {_xzap} short DRYS again
[11:23] {Threei} sigh
[11:23] {Threei} no tgrade is going to work today at all?
[11:23] {GeoArb} ok done for the day.... reached my daily loss limit
[11:24] {peterg} Bummer, Geo
[11:24] {GeoArb} no more dell laptops for anyone
[11:24] {Threei} or flights on United?
[11:24] {GeoArb} no using dell on united
[11:24] {GeoArb} much better
[11:24] {Threei} makes sense
[11:25] {GeoArb} its all vads fault
[11:25] {Threei} yup
[11:25] {GeoArb} he kept score yesterday
[11:25] {GeoArb} jinxed
[11:25] {GeoArb} lol
[11:25] {Threei} no you did
[11:25] {Threei} I just asked
[11:25] {GeoArb} you asked !!
[11:26] {Threei} OK... now rally starts
[11:26] {Threei} I get it... market just wanted geo out
[11:27] {hawkfan4} lol
[11:27] {_xzap} covered DRYS - .15, that was a stupid trade
[11:28] {_xzap} Geo } I also run a scan at night in Advanced Analyzer for NASDAQ stocks with vol }1M, average true range } $2
[11:28] {Threei} back in both
[11:28] {Threei} UAUA and DELL
[11:28] {Threei} stops are under day low
[11:29] {Threei} ECB'S TRICHET: THE FINANCIAL CRISIS TOUCHES AT THE HEART OF THE WORLD FINANCIAL SYSTEM
[11:29] {GeoArb} entries vad?
[11:29] {Threei} ehich is endless money printing and debt?
[11:30] {Threei} you reached your loss limit?
[11:30] {Threei} keep your discipline
[11:30] {GeoArb} wow being punished for being curious
[11:30] {Threei} it's there for a reason
[11:30] {GeoArb} sigh... ok tiny shares
[11:31] {Threei} 3?
[11:31] {GeoArb} 200
[11:32] {hawkfan4} almost everytime i ignore my loss limits i end doubling my loss for the day
[11:33] {GeoArb} i do have a hard loss limit on laser for that
[11:33] {GeoArb} it has saved my bacon before
[11:34] {hawkfan4} not with laser yet, so i have to super glue my hands to my desk
[11:34] {GeoArb} hehehe
[11:34] {hawkfan4} makes lunch really interesting
[11:34] {Threei} OK market, let it be last shake for today... it's getting tiresome
[11:34] {GeoArb} i bet
[11:36] {Threei} break that .60 already DELL
[11:36] {GeoArb} UAUA IS A DOG
[11:37] {Threei} {United} geo, you are banned from our flights
[11:37] {Threei} WHITE HOUSE: BUSH HAS SPOKEN WITH EUROPEAN LEADERS ABOUT MARKET STABILITY
[11:37] {Threei} and they decided market is unstable?
[11:37] {GeoArb} comon vad be nice
[11:37] {Threei} lol
[11:37] {GeoArb} he was elected by us
[11:38] {GeoArb} :)
[11:38] {GeoArb} i dunno if we realize this but he has singlehandedly dismantled the regan era forever
[11:39] {Threei} dog it is
[11:39] {GeoArb} i stand by
[11:39] {GeoArb} lol
[11:39] {GeoArb} my comment
[11:40] {_xzap} EGLE back at pivot of 9.8 with vol
[11:41] {_xzap} Peter } Just checked with the developer of mIRC, no Mac version
[11:41] {GeoArb} use parallels xzap
[11:41] {Threei} market really takes a breather today
[11:42] {Threei} no commitment either way
[11:42] {_xzap} don't know what that is Geo
[11:42] {_xzap} I am computer dumb
[11:43] {GeoArb} also i believe trillian has a mac version and connects to irc
[11:43] {GeoArb} not done it myself though
[11:44] {GeoArb} http://www.parallels.com/
[11:44] {_xzap} thx
[11:45] {Threei} OK... is it time finally?
[11:45] {_xzap} OH, I already run VM Ware. I need a Mac version so I can push it to another monitor
[11:46] {Chaeron} good morning all
[11:46] {GeoArb} check out trillain then
[11:46] {Threei} chaeron :)
[11:46] {GeoArb} hey chaeron
[11:46] {Chaeron} any$ left?
[11:46] {GeoArb} its one of the days i envy you being late
[11:46] {Threei} chaeron... got good news for you
[11:46] {Threei} less than stellar day so far, so you haven't missed anything
[11:49] {_xzap} out EGLE + .20
[11:49] {Chaeron} well, is it going to get better? :) nice one Zap
[11:49] {_xzap} thx Chaeron
[11:50] {Threei} we'll see
[11:50] {GeoArb} i hate days like these
[11:50] {Threei} yep, meaningless jerkiness
[11:50] {GeoArb} we loose first half..... i go to work... vad makes it back and more
[11:50] {GeoArb} and i miss that part
[11:50] {GeoArb} :)
[11:51] {Threei} happened too...
[11:51] {_xzap} I was hoping for a BIG selloff today
[11:51] {Threei} nah, that was yesterday
[11:52] {Threei} may come tomorrow
[11:52] {_xzap} but it didn't close down 800, that would have helped
[11:52] {Threei} but today - only if some disgusting news comes
[11:53] {Threei} actually, if it did close down 800, we would have second round of selling this morning
[11:53] {GeoArb} off to work... see you all
[11:53] {_xzap} and that would be a good thing
[11:53] {_xzap} see ya Geo
[11:53] {Threei} sure
[11:53] {Threei} recovery would come fast and furious
[11:53] {_xzap} that's what I wanted to see Vad, close down 800 y'day and a BIG sell of today
[11:54] {Threei} yeah... yesterday big bounce precluded that scenario
[11:54] {Threei} and got us in today's uncertainty
[11:54] {Threei} it shouldn't last longer than a day though
[11:54] {Threei} tomorrow will have a direction
[11:55] {_xzap} I want to see the Dow test 7500
[11:56] {Threei} volume is ridiculously low today
[11:56] {_xzap} I think trading is done til 3 PM
[11:57] {_xzap} GOLD possible short
[11:57] {_xzap} GOLD in 35.77
[11:58] {_xzap} stopped
[12:05] {Threei} NVDA
[12:05] {Threei} HEARING RENEWED TAKEOVER CHATTER CIRCULATING
[12:05] {Threei} - Intel again rumored as potential acquirer
[12:06] {_xzap} see ya'll after lunch
[12:08] {Threei} nothing to do for now but stay in waiting mode
[12:13] {hawkfan4} $12.50 is the rumored price for NVDA fwiw
[12:13] {GeoArb} when you say volume... what do you monitor vad?
[12:13] {Threei} ECB'S TRICHET: GLOBAL IMBALANCES MAY BE CONNCTED TO FINANCIAL CRISIS, US AND CHINA SHOULD NOT BE 'SCAPEGOATS'
[12:13] {Threei} NQ
[12:13] {GeoArb} TY
[12:19] {Threei} can't get rid of feeling DELL should be easy to 15 and UAUA to 6.5
[12:19] {Threei} and don't want to get trapped again
[12:20] {Threei} same way as yesterday, it feels that once real power returns to play, market will be ramped up
[12:20] {Threei} maybe let's do it this way:
[12:21] {Threei} if market starts showing atronger upticks, take half lots for longer hold, not for scalps
[12:21] {Threei} for now it's just aimless wandering, no sense in trying to play it
[12:49] {Threei} jeez
[12:50] {Threei} lost power again
[12:50] {Threei} am I here?
[12:50] {GeoArb} y
[12:50] {peterg} y
[12:50] {Threei} new lows I see
[12:51] {GeoArb} [09:26] {GeoArb} down?
[12:52] {Threei} 12:26] * Disconnected
[12:52] {Threei} lol
[12:52] {Threei} PREVIEW: FED CHAIRMAN BERNANKE IS SCHEDULED TO SPEAK ABOUT THE ECONOMY AT 1:15PM ET
[12:56] {Threei} is it margin calls selling today...
[12:56] {Threei} quite possible
[12:56] {magoo} i was talkin to dino about that yesterday
[12:56] {Threei} I'd guess a lot of those went out yesterday
[12:57] {magoo} must get out vad
[12:57] {_xzap} FWLT coming up on pivot again
[12:57] {Threei} yup, forced selling
[12:57] {Threei} unless they send in more money
[12:57] {Threei} which in this atmosphere is not very likely for many
[12:59] {Threei} missed UAUA near 5
[12:59] {Threei} DELL, going to try .15
[13:01] {Threei} TKTM
[13:01] {Threei} ANNOUNCES AGREEMENT WITH YAHOO TO OFFER TICKETS TO LIVE EVENTS
[13:02] {Threei} pos
[13:02] {_xzap} FWLT out + .41
[13:02] {GeoArb} ?
[13:02] {Threei} good one zap
[13:02] {_xzap} thx
[13:03] {_xzap} the pivots are holding today
[13:04] {Threei} if this is not rally time, I don't know when is
[13:04] {Chaeron} MOAB?
[13:05] {_xzap} let's see if WYNN holds 60.77
[13:05] {Threei} can you believe NVDA price?
[13:05] {GeoArb} whars moab?
[13:05] {_xzap} I can't believe a lot of these prices
[13:05] {Threei} lol... mother of all bottoms
[13:05] {Chaeron} Mother Of All Bottoms
[13:06] {Threei} my call in 2003
[13:06] {GeoArb} heheh ok
[13:06] {Chaeron} to the mionute
[13:06] {Chaeron} minute
[13:06] {Threei} started years of bull market
[13:06] {Chaeron} freakin' perfect
[13:06] {_xzap} WYNN holding S1
[13:08] {Threei} FED'S BERNANKE: ALL TOOLS WILL BE UTILIZED TO HELP STABILITY, WILL CONSIDER WHETHER CURRENT MONETARY POLICY IS APPROPRIATE
[13:08] {Threei} for a change, market likes what he says
[13:10] {GeoArb} out half dell 1:1
[13:10] {Threei} - Remarks that commodity prices show extraordinary volatility, inflation outlook has improved somewhat
[13:10] {Threei} - Notes that market turmoil and weak data will exhibit US growth outlook worsening, and downside risks are increasing
[13:12] {GeoArb} out dell
[13:12] {Threei} I am holding half still
[13:12] {_xzap} WYNN out + .86
[13:12] {GeoArb} a bit skittish
[13:12] {Threei} undestandably
[13:13] {Threei} I just don't see today's selling as anything of consequence, to say honestly
[13:15] {_xzap} watching DRYS to break the .20
[13:16] {GeoArb} your stop 14 vad?
[13:17] {magoo} your conditioned vad...350 down yesterday..200 dtoday..no big deal??a
[13:17] {Threei} yes... but I think more likely I'l buy my half back
[13:17] {GeoArb} meaning youll add on pullback?
[13:18] {Threei} sold half at 1:1
[13:18] {Threei} want to buy it back on pullback
[13:18] {GeoArb} yes add to current left position
[13:18] {GeoArb} same page
[13:20] {_xzap} FWLT near pivot again
[13:20] {Threei} - Fed will begin using reserve interest powers this week.
[13:21] {Threei} not sure what it means in practice
[13:21] {GeoArb} rate cut?
[13:21] {Threei} doesn't sound like it
[13:22] {Threei} new wave of selling
[13:22] {Threei} closed DELL for now
[13:22] {_xzap} TRIN up , TICK down
[13:23] {_xzap} it never fails when Uncle Ben starts talking
[13:23] {Threei} will rather re-enter if market shows strength
[13:23] {_xzap} I'm seeing lots of red
[13:23] {Threei} caught UAUA this time around
[13:24] {_xzap} FWLT holding sup
[13:24] {Threei} MS
[13:24] {Threei} HEARING VAGUE CHATTER THAT WEAKNESS ATTRIBUTED TO MITSUBISHI MULLING PULL OUT OF PURCHASE DEAL
[13:25] {hawkfan4} maybe Nissan will be interested
[13:25] {Threei} lol
[13:26] {hawkfan4} it's a mad mad world
[13:26] {Threei} sure is
[13:26] {Threei} a few months from now we won't vbelieve today's prices were available, IMO
[13:27] {GeoArb} mitsubishi is a keiretsu
[13:27] {Threei} out UAUA +whole 7 cents
[13:27] {GeoArb} cars is a miniscule part of what they do
[13:29] {GeoArb} 6th largest japanese auto only but biggest bank of japan
[13:29] {Threei} back in DELL, .99 stop
[13:30] {Threei} can I have my UAUA back?
[13:30] {GeoArb} now i can never travel without thinking of this day
[13:31] {Threei} or open Dell laptop
[13:31] {GeoArb} dont use em.... toshiba only
[13:31] {Threei} FED'S BERNAKE: INFLATION AT CURRENT ARE 'UGLY' - Q&A
[13:32] {GeoArb} dji -250 aprx
[13:36] {Threei} nothing in terms of recent volatility, lol
[13:37] {Threei} half out DELL .15
[13:38] {_xzap} NVDA 7.54
[13:39] {Threei} took UAUA on .30 break earlier... sheesh, I thought I posted, now I see I haven't
06[13:39] * magoo slaps Threei around a bit with a large trout
[13:39] {Threei} sorry :(
[13:40] {Threei} half out here, offering second half 5.80
[13:40] {_xzap} big blocks going off on NVDA
[13:41] {Threei} as frustrayting as today may be, it hasn't changed my longer term outlook
[13:41] {Threei} rather confirmed it with this non-existing volume
[13:41] {Threei} a lot of quality companies at firesale prices will be picked up, accumlated and marked up
[13:42] {_xzap} NVDA out even
[13:43] {_xzap} I know better than to trade with the TRIN this high
[13:44] {_xzap} Vad } do you still just use B. bands as your indicators ?
[13:44] {Threei} I have them on screen
[13:44] {Threei} don't use as indicators
[13:45] {_xzap} k
[13:45] {Threei} rather for general evaluation of volatility and where the stock is in terms of it
[13:45] {Threei} PREVIEW: MINUTES OF THE SEPT 16 FOMC MEETING TO BE RELEASED AT 2PMET
[13:45] {Threei} - at the Sept meeting, the FOMC left rates on hold at 2.00% in a unanimous vote and stated:
[13:45] {Threei} - financial market strains have increased significantly.
[13:45] {Threei} - will act as needed to promote stability, inflation to moderate this year and next.
[13:45] {Threei} - Growth has slowed recently due to slowing household spending
[13:45] {Threei} - Upside risks to inflation are a concern, substantial easing of policy and liquidity measures should promote moderate growth.
[13:45] {Threei} - Turmoil likely to weigh on growth for next few quarters.
[13:46] {_xzap} If AA misses big today maybe we'll get that big sell off tomorrow
[13:46] {Threei} my feel is,
[13:46] {_xzap} FWLY still hugging that 28 sup
[13:47] {_xzap} FWLT
[13:47] {Threei} if that happens, we will start seeing market fragmentation
[13:47] {Threei} not everything will go down with market
[13:47] {Threei} some sectors and companies will hang in there
[13:48] {_xzap} ENER break down
[13:48] {Threei} this is getting ridiculous, people sell as if world ends tomorrow and they need all the money to buy champagne and caviar today
[13:51] {Threei} UK) UK GOVT WILL ANNOUNCE RESCUE PACKAGE FOR BANKING SYSTEM - BBC
[13:51] {Chaeron} too late... all UK money went to Ireland
[13:52] {_xzap} ENER out + .85
[13:52] {Threei} Plan will involve plans to inject capital and provide for a standby facility
[13:54] {Threei} this is pretty much what market wanted, Europe starting the same rescue packages
[13:54] {_xzap} NAS approaching y'day's low
[13:55] {Threei} trying to bounce
[13:56] {_xzap} FWLT losing sup
[14:00] {_xzap} FWLT out + .25
[14:00] {Threei} *MINUTES OF THE SEPT 16 FOMC MEETING: POLICY MAERS LEANING TOWARDS RATE CUT, SAW DIMISHED RISKS TO INFLATION
[14:02] {Threei} back in both
[14:03] {Threei} stops under day low
[14:11] {Threei} move you lazy bastards!
[14:12] {GeoArb} getting fixated on these 2 vad?
[14:12] {Threei} see anything better?
[14:13] {Threei} they cleasrly follow the market, and they are ridiculously low
[14:13] {hawkfan4} note to Bush and Bernake and company. If you want to save the market, stay off tthe t.v.
[14:13] {Threei} lol, so true
[14:14] {hawkfan4} hmmm, what just happened?
[14:15] {Threei} MS
[14:15] {Threei} COMMENTS ON MITSUBISHI, SAYS DEAL IS STILL ON
[14:15] {Threei} this
[14:15] {hawkfan4} just in the nick of time
[14:15] {Threei} come on UAUA
[14:15] {Threei} give me more
[14:17] {Threei} CNBC'S FABER: MITSUBISHI DEAL IS ON TRACK TO CLOSE THIS WEEKEND
[14:17] {_xzap} EGLE turning up
[14:18] {_xzap} going at the ask w/vol
[14:18] {Threei} half out UAUA .33
[14:19] {Threei} +.28
[14:19] {Threei} half out DELL .25
[14:19] {Threei} +.20
[14:19] {_xzap} wtg Vad
[14:20] {Threei} if second half of each works for the same leg up, I'll get back to flat for the day
[14:20] {_xzap} EGLE early entry at 9.32
[14:21] {GeoArb} and obviously i missed it
[14:21] {_xzap} out 9.50
[14:21] {_xzap} I got scared
[14:21] {_xzap} LOL
[14:23] {_xzap} FWLT early entry 28.21
[14:25] {_xzap} stopped 28.06
[14:28] {_xzap} some butthead on CNBC just said "we need to find a way to keep computer traders out of the market so real investors can get in"
[14:28] {GeoArb} you mean investors with phones?
[14:28] {Threei} you are kidding
[14:28] {peterg} hack him
[14:28] {_xzap} nope, some guest they just had on
[14:28] {Threei} from circus?
[14:28] {Threei} from mental institution?
[14:29] {hawkfan4} lol
[14:29] {Threei} I'd really like him to explain how "computer traders" dopn't let investor in
[14:30] {Threei} I for one never met investor to whom I wouldn't happily sold my shares
[14:30] {_xzap} they were talking about the uptick rule
[14:30] {_xzap} FWLT trying to go again
[14:31] {_xzap} FWLT in28.4
[14:31] {Threei} (UK) UK'S FIN MIN DARLING: STATEMENT TO BE MADE BEFORE MARKET OPEN FOR BANK SUPPORT PLAN
[14:31] {Threei} move my little darlings, move
[14:31] {Threei} big darling from London says you move
[14:32] {_xzap} stopped 28.15
[14:32] {Threei} mags... did I miss something? where is dino?
[14:33] {GeoArb} dino on golf vacation
[14:33] {Threei} was I offline when he said that?
[14:33] {GeoArb} i think so
[14:33] {Threei} I see
[14:33] {GeoArb} one of many caadian outages
[14:33] {peterg} in North Carolina
[14:33] {GeoArb} CANADIAN
[14:33] {peterg} outrages
[14:34] {Threei} lol
[14:36] {_xzap} who's in NC?
[14:37] {peterg} regular by name of dino
[14:37] {_xzap} cool, me too
[14:37] {_xzap} Winston Salem
[14:37] {peterg} ahhh-hes on vacation near myrtle beach, playing golf
[14:38] {peterg} Cool- went to Chapel Hill back in the day
[14:38] {_xzap} I went to MB once, hated it
[14:38] {_xzap} not to golf, just to go
[14:38] {peterg} near outer banks, or different?
[14:38] {_xzap} Did you ever get drunk on Franklin st?
[14:38] {peterg} too long ago; probably
[14:39] {_xzap} MB is below the outer banks in SC
[14:40] {peterg} now remembering: franklin st the main drag
[14:43] {Threei} CNBC'S FABER: HEARING PRICE OF OFFERING LIKELY TO BE BELOW THE $25 LEVEL, MAY CLOSE ORDER BOOK BEFORE 4PMET
[14:43] {Threei} that was for BAC
[14:43] {GeoArb} wot offering?
[14:43] {GeoArb} thanks
[14:45] {_xzap} yep Peter
[14:45] {_xzap} FWLT holding 28 all day, should run if we get a 3:15 rally
[14:53] {Threei} last hour should be very telling
[14:53] {Threei} if we get a strong ramp up, rally is all but certain
[14:53] {patience} do you think a rate cut is coming vad?
[14:53] {Threei} I hope not
[14:53] {Threei} IMO, that would be a mistake
[14:54] {patience} well, so do i, but nonetheless, is this what the market is waiting for
[14:55] {Threei} remember last month? market seemed to be confident about rate cut and did sell off briefly after none was announced
[14:55] {Threei} then forgot about it in a minute
[14:55] {Threei} I suspect same thing will happen this time
[15:01] {Threei} AUG CONSUMER CREDIT: $-7.9B V $5BE, FIRST DROP SINCE 1998
[15:01] {Threei} - prior revised from $4.6B to $5.2B
[15:12] {Threei} ok market grow a set, will ya?
[15:12] {hawkfan4} no kidding
[15:13] {Threei} unbelievably spineless behavior
[15:13] {patience} market is female vad.....try another approach
[15:13] {Threei} it is?
[15:13] {patience} it is to me
[15:13] {Threei} hmmm... I give up then... I'll never understand irt
[15:14] {hawkfan4} lol, me either :)
[15:18] {Threei} there
[15:18] {Threei} try and understand it
[15:35] {_xzap} If they Dow closes below 9750 the next sup I see is 7500
[15:39] {Threei} closing looks baaaad
[15:40] {patience} we are not happy campers it appears
[15:41] {Threei} not yet
[15:41] {Threei} but will be soon enough
[15:44] {_xzap} PENN possible short, near day's low
[15:44] {Threei} lol, you would think DELL is going out of business
[15:45] {Onix} no short covering today?
[15:46] {Threei} rather pure unbridled margin call selling
[15:46] {GeoArb} how do you diffrentiate vaD?
[15:46] {Threei} not directly
[15:46] {Threei} just something that happens always after huge drops
[15:47] {GeoArb} below yesterday's low on ES now
[15:48] {_xzap} COMP breaking y'day low
[15:48] {Threei} yup
[15:49] {Threei} OK... rally in canceled for today and moved to after tomorrow
[15:50] {Threei} Due to recent budget cuts, lack of funding facilities and the rising cost of energy, the light at the end of the tunnel has been turned off
[15:51] {cosmo} ...but not the train
[15:53] {_xzap} I'd say the train is coming, full speed ahead
[15:53] {Threei} I doubt it
[15:53] {cosmo} that's probably why they truned the light off
[15:53] {_xzap} you think we're reaching the bottom Vad ?
[15:54] {Threei} I beileve it's either in or very close
[15:54] {peterg} eschatologically we are reaching the bottom
[15:54] {patience} i will second peter if he buys me a beer
[15:54] {peterg} done!
[15:54] {patience} excellent!
[15:55] {peterg} thats how many I owe you; maybe beers & cocktails
[15:55] {patience} i love this room :))))
[15:55] {peterg} vad, when I joing the superpremium club, can I get an ink color all my own?
[15:56] {Threei} you can have whole rainbow
[15:56] {peterg} different color for each leteter, randomly sorted
[15:56] {GeoArb} hmmm
[15:56] {Threei} OK guys, not a plesant day
[15:56] {GeoArb} didnt know that was possible
[15:57] {GeoArb} yeah red and hurting
[15:57] {cosmo} rescue us
[15:57] {Threei} but then again,. who promised every day to be pleasant
[15:57] {peterg} i kept giving money to rimm
[15:57] {GeoArb} tomorrow is another day
[15:57] {GeoArb} giving money to rimm lol
[15:57] {peterg} sniff
[15:57] {GeoArb} sorry
[15:57] {Onix} we will try again tomorrow
[15:57] {Threei} have a good evening, see you tomorrow
[15:57] {peterg} bye all
[15:58] {cosmo} rimm was nevver the same after the tire spin off
[15:58] {_xzap} see ya peter
[15:58] {peterg} lol
[15:58] {peterg} bye za[
[15:58] {peterg} ap
[15:59] {Chaeron} someone help me out? What is the DJI down right now? 505?
[15:59] {Threei} 517
[15:59] {Chaeron} thanks
[15:59] {Threei} 525
[15:59] {Threei} 520
[15:59] {Chaeron} I'm good... thought I was lagged
[15:59] {Chaeron} many thanks Vad
[16:00] {_xzap} It's 4 PM on Wall St. Do you know where your money is ?
[16:00] {cosmo} in the pub
[16:01] {Threei} (EU) EU COMMISSION SAYS THAT IT HAS BEEN INFORMED BY UK OF RESCUE PLAN FOR BANKS TO BE ANNOUNCED TODAY
