Another dramatic day (seems that's the only kind left). At some point the following assumption was made:
[11:44] {Threei} my assumption is, at certain point we will see at least attempt to repeat yesterday, not necessary as successful as yeaterday but tradable nonetheless
which proved to be accurate. We got a few nice trades off that. Backed off just in time not to get caught into end of day drop.
Session Time: Fri Nov 14 00:00:01 2008
[08:27] {magoo} kkjbaskeihsdj
[08:29] {Threei} good morning
[08:30] {Threei} OCT IMPORT PRICE INDEX M/M: -4.7% V -4.4%E
[08:30] {Threei} *OCT ADVANCE RETAIL SALES: -2.8% V -2.1%E; LESS AUTOS: -2.2% V -1.2%E
[08:31] {Threei} FED'S BERNANKE: WORLD CENTRAL BANKS STAND READY TO TAKE MORE STEPS IF NECESSARY, VOLATILITY AND RECENT DATA SHOW THAT CHALLENGES REMAIN
[08:31] {Threei} (CA) SEPT NEW MOTOR VEHICLE SALES M/M: 2.5 % V 1.0%E
[08:38] {hawkfan4} good morning
[08:40] {Threei} hawk :)
[08:42] {magoo} so vad..working theories for today
[08:43] {magoo} 1) another bummer 1 daty wonder...now pain
[08:43] {magoo} 2) bottom is in...start rocking up
[08:43] {magoo} 3) headfake up...big pain eod
[08:44] {Threei} IMO, odds are it's a mix of two, meaning:
[08:44] {Threei} bottom is in but not much of rocking today
[08:44] {Threei} my thinking is
[08:44] {Threei} line in the sand seems to be drawn,
[08:45] {Threei} market shakes out but refuses to give up whenever lows are challenged
[08:45] {Threei} and as soon as we retest those lows, big money jumps in
[08:45] {Threei} and buy everything in sight.
[08:46] {Threei} However, during recent weeks, there were so many bottom callers
[08:46] {Threei} and media pumped the idea of "staying the course" so loudly
[08:47] {Threei} that possibly some more of passengers elimination is needed before train can leave the station.
[08:47] {Threei} The ideal way to do it is probably to continue this gut-wrenching volatility for a while
[08:48] {Threei} especially considering quite a few unknowns justifying the lack of confidence
[08:48] {Threei} automakers destiny,
[08:48] {Threei} G-20 meeting (which is not likely to produce anything but a lot of noise)
[08:49] {Threei} new administration being shaped up
[08:49] {Threei} which adds to uncertainty as crew members naming will give a clue to policies ahead
[08:50] {Threei} so... working assumption for now would be to remain with scalping at the beginning of the day taking only safe and "obvious" setups,
[08:50] {Threei} watch for signs of continuation,
[08:50] {Threei} (which includes watching dino's gut)
[08:51] {Threei} if we see signs of this reckless "come hell or high water" buying - start deploying umbrella strategy
[08:51] {magoo} ah man..not that
[08:51] {Threei} sorry mags, but you'll have to do it for common good
[08:52] {Threei} sacrfices will be required from all comrades
[08:53] {Threei} btw... today is expiration of something, isn't it
[08:56] {lisa_jay} Good morning
[08:56] {Threei} lisa :)
[08:57] {_maga} good morning all
[08:57] {Threei} maga :)
[08:57] {Onix} Good morning all
[08:57] {Threei} onix :)
[08:57] {_maga} very interesting explanation you made
[08:58] {_maga} Vad
[08:58] {Threei} about dino's gut?
[08:58] {Threei} sorry... smart a$$ remark :)
[08:58] {_maga} your idea about the today situation
[08:59] {Threei} it's our traditional approach maga... based on major tape reading principle
[08:59] {Threei} market seeks ways to deliver maximum pain
[08:59] {_maga} this is the incredible thing to me
[08:59] {Threei} one of such ways is to establish trends having as few people on board as possible
[09:00] {Threei} if there are too many passengers, shakeouts are needed
[09:00] {_maga} but thinking about it .. i t makes sense..
[09:00] {Threei} market wants a lot of passengers at final stages of the move, not at early ones
[09:00] {Threei} because it'as final stages where the unloading takes place
[09:00] {Threei} and market needs crowd to unload to
[09:01] {Threei} have you read TTR?
[09:01] {_maga} yes like a balloon that cannot start to fly if too heavy of people
[09:02] {_maga} yes Vad, I did... and it is very very interesting
[09:02] {Threei} OK{ then you know major underlying ideas of this approach
[09:03] {_maga} it is the first time I found explained a good reason for those so frequent spikes up or down that alway drove me crazy .
[09:04] {Threei} most important things is, opnce you understand where they are coming from you get a ways to turn them to your advantage and profit from them
[09:06] {Geo} gm all
[09:07] {Threei} geo :)
[09:07] {_maga} by the way on those major idea... yesterday for the first time after weeks I left open a future on the index ... so happy today :-)
[09:08] {_maga} by the way... the italian index... money is already safe..
[09:09] {Onix} hi geo
[09:10] {lisa_jay} Hi Geo.
[09:10] {patience} blissful friday, good morning RT :)
[09:10] {Threei} patience :)
[09:12] {Onix} hi patience
06[09:12] * magoo slaps patience around a bit with a large trout
[09:13] {patience} patience rubs magoo's tummy to see if market will go up
[09:13] {dino} gm all
[09:14] {lisa_jay} Hi Patience, Dino
[09:14] {patience} hi dino, lisa_jay :)
[09:15] {Threei} dino :)
[09:15] {dino} gm lisa, patience
[09:16] {Onix} morning dino
[09:18] {dino} gm
[09:19] {dino} q? is can we get thru 8945 obama high from 10-07
[09:20] {dptl} good morning all
[09:20] {patience} g20 meeting this weekend discussing finances...my guess is yes dino
[09:21] {muddleheaded} Hi everybody.
[09:22] {Threei} dp, mudd :)
[09:22] {Onix} hi dp; mh
[09:22] {dptl} :)
[09:25] {ese} morning...
[09:25] {Threei} ese :)
[09:25] {Onix} hi ese
[09:26] {ese} interesting rally yesterday.....any of you alll take advantage.....
[09:26] {ese} hey onix
[09:26] {Threei} sure did
[09:26] {Threei} let's pick our index followers
[09:26] {Threei} depending on volatility you are willing to ednure:
[09:26] {Threei} ADBE, INTC, DELL, UAUA, GG
[09:27] {_maga} those are the index followers ...... and may I ask you with are the "salmons"
[09:28] {_maga} ? ;-)
[09:28] {_maga} with=which
[09:28] {Threei} salmons is something we need to hunt for throughout the day
[09:28] {Threei} it's not a permanent characteristic of any stock
[09:29] {Threei} watch for a stock that keeps JBE during market pullback
[09:29] {_maga} yes ... it is right.... this is the Reality world
[09:29] {Threei} that's your likely salmon candidate
[09:30] {_maga} ok got it... TX
[09:33] {Threei} UAUA did couple teleprotations
[09:33] {Threei} watch for sharp down into .30 area
[09:33] {Threei} if NQ moves up quickly, you have a few seconds to grab it and exit around .50
[09:36] {Threei} Long Setup: INTC 14 break if stays above 13.90
[09:36] {Threei} watch for market help
[09:36] {Threei} your ideal entry is if NASDAQ moves up sharply and INTC gives little delay for entry
[09:37] {Threei} with this break of support turns into bounce candidate rather, again with quick NQ spike only
[09:43] {Threei} Long Setup: CIT 4.15
[09:43] {Threei} let it pullback a little
[09:43] {Threei} stop would be under 4
[09:43] {Geo} in .155
[09:44] {Threei} :)
[09:44] {Threei} half out
[09:44] {dino} sm l aapl .60
[09:44] {Geo} all out .44
[09:45] {hawkfan4} gj geo
[09:45] {dino} aapl stopped -.36
[09:46] {Geo} i have made 400 my full lot
[09:46] {Threei} go home
[09:46] {Geo} lookiong back..... i dont handle 1k well :)
[09:46] {Geo} looking
[09:47] {Threei} (US) FDIC UNVEILS PLAN TO MODIFY 2.2M MORTGAGE LOANS
[09:47] {Threei} - The plan works to lower monthly payments for homeowners by offering mortgage servicers incentives to modify loans
[09:48] {dino} gj geo
[09:48] {Geo} TY
[09:48] {lisa_jay} Nice Geo...Missed CIT, was in INTC.
[09:48] {Geo} yeah didnt take intc
[09:48] {Threei} how did you structure the play lisa?
[09:49] {lisa_jay} Entered at .91
[09:49] {Threei} with stop .84 I take it
[09:49] {lisa_jay} Yes.
[09:49] {Threei} exited any?
[09:50] {Onix} ty Vad, i got .9 in INTC
[09:50] {lisa_jay} No....should have done at .01 (1:1)
[09:50] {Threei} onix :)
[09:50] {Threei} OK, NQ is spiking, offer half
[09:50] {lisa_jay} Ok.
[09:52] {Threei} the way NASDAQ shapes is,
[09:52] {Threei} NQ breaking 1220 should star a rally
[09:52] {Threei} losing 1205, we are on hold
[09:53] {Threei} so, if you are lookinh at Qs for a play, that would be 30 break
[09:53] {Threei} want to see some consolidation close to it, not just sharp spike into 30
[09:53] {wishbone} gm all
[09:53] {Threei} wishbone :)
[09:54] {Onix} hi wishbone
[09:54] {muddleheaded} What timefrime do you look at the NQ?
[09:54] {Threei} 1 min
[09:54] {muddleheaded} O.K.
[09:55] {dino} aapl sm l .25
[09:55] {Threei} *NOV PRELIMINARY UNIVERSITY OF MICHIGAN: 57.9 V 56.2E
[09:55] {Threei} guess wgho is salmon so far...
[09:55] {Threei} LVS
[09:56] {Threei} this is sharp spike into resistance
[09:56] {Threei} not taking this break
[09:56] {lisa_jay} qqqq 30
[09:56] {Threei} need pullback with tight consolidation
[09:56] {dino} gap fill coming dji
[09:57] {Threei} or move higher, then pullback into 30 to buy near new support
[09:57] {Threei} see this sharp down spike?
[09:57] {lisa_jay} yes
[09:58] {Threei} that's how these traps work, when resistance is broke by vertical move instead of consolidation
[09:58] {lisa_jay} Wow...thanks Vad.
[09:59] {Threei} Qs for scalp now
[09:59] {Threei} first strength with stop under .80
[10:00] {dptl} in .88
[10:01] {dino} out pru lucky overnight +.82
[10:01] {Threei} nice :)
[10:02] {lisa_jay} Took .09 on Q's Thanks Vad.
[10:02] {Threei} lisa... mastering the scalping dance :)
[10:02] {lisa_jay} All your calls Vad :-)
[10:02] {Threei} well, these were not the calls with exzct entries
[10:03] {Threei} these were conceptual calls
[10:03] {Onix} wtg dino
[10:03] {Threei} can't really utilize them unless you amass certain understanding
[10:03] {dino} gj lisaaaaaaaaa
[10:04] {dino} ty onix, that was dumb luck
[10:04] {lisa_jay} Thanks Dino
[10:04] {Onix} you got guys dino
[10:04] {Onix} guts
[10:04] {dino} aapl stop to .09 its broken
[10:05] {dino} onix, i tried to get out afterhours, in this market it was stupid to hold, don't confuse luck w/skill
[10:05] {dino} stopped aapl, -.16
[10:06] {dino} whoosh down in the making imo
[10:06] {Onix} :)
[10:06] {dino} stepping aside
[10:06] {Onix} stopped QQQQ
[10:08] {lisa_jay} Dell also Salmon.
[10:08] {Threei} so far, yes
[10:08] {Threei} good observation
[10:08] {Threei} ADBE is pure follower
[10:08] {dino} it may be obama high is just another lower high in the series
[10:10] {Threei} DELL stayed solid green
[10:15] {Threei} Long Setup: DRYS 10 break half lot
[10:15] {Threei} if market helps and if stays above 9.80
[10:16] {Threei} DELL the salmon
[10:18] {Chaeron} Good morning all... been here, just busy
[10:18] {lisa_jay} HI Chaeron
[10:18] {Threei} haeron :)
[10:18] {lisa_jay} Selling accelerating
[10:19] {Chaeron} HI Lisa, herei :))
[10:19] {Onix} hi chaeron
[10:19] {Chaeron} oops hreei, Heya Onix! Keeping geo and magoo in control?
[10:20] {lisa_jay} DRYS invalidated Vad?
[10:20] {Threei} not really
[10:21] {Geo} comeon chaer.... i have been more focussed and less talkative these days
[10:21] {Geo} oops
[10:22] {Chaeron} Geo - just as long as your trading is kickin' butt :)
[10:22] {dino} or is his butt getting kicked?
[10:23] {Geo} yesterday got kicked
[10:23] {Chaeron} :)
[10:23] {Chaeron} how's that famous guy of yours today dino?
[10:23] {Chaeron} oops guy
[10:23] {Geo} you mean magoo?
[10:23] {Chaeron} dang... take 3 : guT
[10:23] {dino} mornings have been hurting me geo
[10:23] {dino} lol
[10:24] {dino} well, i called this 100 ot whoosh
[10:24] {Geo} yeah you gotta stop the bets dino !!
[10:24] {dino} heck of a pizza tho, always better free
[10:28] {dino} dia sm l .00, stop lod
[10:28] {Threei} anyone found the play on DELL?
[10:29] {lisa_jay} Only opening range scalp fro .18
[10:29] {lisa_jay} for
[10:29] {Onix} i
[10:29] {Onix} went in late at 10.71 DELL
[10:31] {dino} all sm l .25, stop .93
[10:31] {dino} too soon
[10:31] {lisa_jay} Sigh more selling
[10:33] {dino} keep stops
[10:34] {dino} dis stopped
[10:34] {dino} dia
[10:34] {Chaeron} DRYS
[10:34] {Threei} invalidated now
[10:35] {Chaeron} I was thinking short, but too late
[10:36] {dino} emr hmmm
[10:36] {Chaeron} Vad, your invalidation levels are very accurate. Sometimes I will play the other side as you know with decent success for scalps
[10:36] {Chaeron} :P dino... lol
[10:37] {Chaeron} http://stockcharts.com/h-sc/ui?s=$INDU&p=W&yr=6&mn=0&dy=0&id=p63855397799&a=152760184
[10:39] {dino} ?
[10:40] {Chaeron} don't ask me, I'm confused too
[10:41] {Chaeron} salmons finally weakening too with this market?
[10:41] {dino} overfishing to blame
[10:42] {Onix} :)
[10:42] {lisa_jay} lol
[10:43] {Threei} lol
[10:44] {Onix} stopped earlier in dell
[10:47] {Onix} ok ... ok, i get it. i will leave now for my day-job so that you guys can race up the market again. Enjoy!
[10:47] {Chaeron} bye Onix, have a great weekend
[10:48] {lisa_jay} Bye Onix.
[10:48] {Threei} Long Setup: GG .85 if stays above .70
[10:48] {Threei} half lot
[10:48] {lisa_jay} I am too slow..missed :-(
[10:49] {magoo} in vad
[10:49] {Geo} in .85 half out .01
[10:49] {magoo} wait .21
[10:49] {lisa_jay} Very nice call VAd.
[10:50] {Threei} OK, I feel bad
[10:50] {Threei} to isue a call a few seconds after Onix left...
[10:50] {Geo} hehe
[10:50] {lisa_jay} A great call like this.
[10:50] {dawg} out 1/2 .17
[10:50] {magoo} out .17 TY boss
[10:50] {magoo} to close to miss
[10:50] {Chaeron} I'll text Onix and let him know
[10:50] {Threei} you are very kind chaeron
[10:51] {Threei} in your own way
[10:51] {Chaeron} heh
[10:51] {Threei} which is scaringly similar to my way too
[10:51] {Chaeron} yep }:)
[10:51] {Chaeron} now, let's get another so I can really rub it in
[10:51] {dawg} be second half out
[10:52] {dawg} Thanks Vad +20 1/2
[10:52] {lisa_jay} GG back at buy levels...Is it still valid Vad?
[10:52] {lisa_jay} Never mind
[10:53] {Threei} watch market lisa
[10:53] {Threei} GG is a follower
[10:53] {Threei} a little exaggerating market moves
[10:53] {lisa_jay} Yes. Thanks Vad.
[10:53] {Threei} that's why I added half lot remark
[10:54] {Geo} what we already -250?
[10:54] {Geo} DJI
[10:54] {Threei} yes
[10:55] {lisa_jay} nasdaq down 54
[10:55] {Threei} how is it of any singificance, considering that we may well be up 300 in 3 minutes?? :)
[10:55] {Chaeron} Dino... gut feel... lower for close
[10:55] {Chaeron} ?
[10:55] {Chaeron} or we close green?
[10:57] {Threei} {dino} yes
[10:57] {Chaeron} loll
[10:57] {magoo} i'd tell u..but u no ask magoo
06[10:59] * Threei imagines magoo with his ear at dino's gut; eyes retina is burned out
[10:59] {Chaeron} Dino's gut is certifiably scientific technical analysis
[11:00] {magoo} ill tell u this....he has a huge "inny" belly button if u know what i mean
[11:00] {dino} watching met, afam, urbn, dia fwiw
06[11:00] * Threei fights strong puking reflex
[11:00] {dino} and dow
06[11:01] * dino slaps magoo around a bit with a large trout
[11:01] {Threei} actually... this is a very good idea
06[11:01] * Threei slaps magoo around a bit with a large trout
06[11:01] * Chaeron slaps magoo around a bit with a large trout
[11:01] {Chaeron} (I hate feeling left out......)
[11:01] {dino} lod's
[11:02] {magoo} if IF we rally, watch aapl for long ...could eassily go green...but thats not a call{yet}
[11:02] {dino} big "if" we rally.
[11:03] {dino} so our +550 is now only +240ish
[11:05] {Threei} look at DELL's resilience
[11:05] {magoo} complacency
[11:05] {magoo} the THE word
[11:05] {dino} magoo, a bet, i'll take -400 if you take green
[11:05] {magoo} down 300 and we dont even care
[11:05] {Threei} ADBE and INTC are in the crapper with market, this thing stays strong
[11:05] {magoo} only up 500 yesterday..more half back
[11:05] {Threei} maga... see how salmons appear amopng the stocks we watch?
[11:06] {lisa_jay} Dell daily chart is amazing.
[11:06] {magoo} AH CRAP
[11:06] {Threei} lol
[11:06] {magoo} dino, u trying to freeze friday
[11:06] {dino} c in the 8s again
[11:11] {magoo} l aapl here small
[11:12] {dino} emr sm l .50
[11:13] {magoo} in .43
[11:13] {magoo} oput here .689
[11:15] {Threei} US TREASURY'S KASKARI: $700B TARP PROGRAM IS NOT AN ECONOMIC GROWTH PLAN, EXPECTS TO APPROVE 20 BANKS FOR PROGRAM
[11:15] {Geo} wot???
[11:15] {Geo} then what is it?
[11:15] {Threei} DELL is on its merry way
[11:15] {Geo} handout to friends?
[11:15] {magoo} long aapl again .75
[11:15] {magoo} going 92.11 area
[11:16] {dawg} OK
[11:17] {magoo} stop .45
[11:18] {dawg} in .77
[11:18] {dawg} aapl
[11:18] {magoo} lay out
[11:19] {dawg} out .07 aapl
[11:19] {dawg} +30 aapl. Thanks Magoo!
[11:20] {dino} gj
[11:20] {dawg} time for another Bud
[11:22] {magoo} out .11
[11:22] {magoo} uh, carry the 3..+ .43??
[11:22] {magoo} nope, .36
[11:23] {magoo} see AAPL now??it was good trade but u gotta LAY OUT
[11:23] {dino} met sm l .75, forgot about order
[11:23] {dawg} yes was trying to follow your layout but lost my nerve magoo
[11:23] {magoo} SIGH..vad never compliments my calls...never
[11:24] {Threei} I don't?
[11:24] {magoo} shot of vodka builds nerve dawg
[11:24] {dawg} out DELL from .72 + 12
[11:25] {magoo} but now it would be killing us...if IF missed exit
[11:25] {dawg} yes it does and i am heading for one about now
[11:27] {dino} dawg, you the dog
[11:28] {dawg} have one on me dino it's friday...
[11:29] {dino} why thank you, indeed i will, several most likely
[11:29] {lisa_jay} Wuld that be a volume spike on Dell Vad?
[11:29] {Threei} ?
[11:30] {lisa_jay} 11:25?
[11:30] {Threei} doesn't mean anything
[11:30] {lisa_jay} ok, thanks
[11:33] {magoo} where u located dawg?ill stop in local pub tonight..im free man this weekend
[11:35] {dawg} portland oregon dino
[11:35] {lisa_jay} lvs vad?
[11:36] {dawg} portland oregon magoo i'll buy the first and second rounds
[11:36] {Threei} 6.50 break if holding above 6.40 lisa
[11:36] {Threei} not very high odds
[11:36] {Threei} kind of marginal setup
[11:37] {lisa_jay} ok, thanks Vad
[11:39] {dino} dji lod
[11:44] {Threei} my assumption is, at certain point we will see at least attempt to repeat yesterday
[11:45] {Threei} not necessary as successful as yeaterday but tradable nonetheless
[11:46] {Threei} hard to spot at the very beginning, but once couple higher lows is made, it will be a reason for long entries
[11:53] {dawg} out Dell in .78 out .91
[11:54] {Threei} :)
[11:54] {Threei} watching Qs here
[11:54] {lisa_jay} nice, i chickend out.
[11:54] {Threei} .33 long with .25 stop
[11:54] {Threei} this will be first attempt to get on that rally
[11:55] {Threei} invalidated, turned in bounce off .20
[11:58] {lisa_jay} how to play
[11:58] {Threei} watch for it to form harrow range,
[11:58] {Threei} let's say .15 - .20
[11:58] {dino} want to see lows hold
[11:59] {Threei} then buy .21
[12:00] {Geo} off to work... thanks all.... had a decent day
[12:00] {Threei} :)
[12:00] {Geo} have a great weekend
[12:00] {Threei} you too
[12:00] {Chaeron} bye Geo
[12:01] {dino} broken
[12:01] {lisa_jay} Vad, I bought .21...not sure it was right (got stopped out at .14)....Should i have waited for more consolidation?
[12:01] {Threei} I don't think so lisa
[12:02] {Threei} it could work just eas easily
[12:02] {Threei} that was kind of defining moment - bottom is in or new lows are in order,
[12:02] {Threei} whether you entry or whether you wait is a metter of your aggressiveness
[12:02] {Threei} matter
[12:03] {lisa_jay} So it is just 50:50 trade...(since agressive entry)
[12:03] {Threei} some prefer to wait for more confirmation, making it safer but risking to miss part of the move,
[12:03] {Threei} some perfer to try it risking small stop but taking a short at capturing bigger part of move
[12:04] {lisa_jay} Ok, thanks.
[12:04] {Threei} pretty much a matter of personal preference
[12:08] {magoo} u playing full lots on q?
[12:09] {Threei} I do
[12:09] {Threei} it's liquid, easy to get in and out
[12:14] {lisa_jay} 50% ret. for q's?
[12:15] {muddleheaded} Is this finally the bounce?
[12:16] {Threei} all we can do is try
[12:16] {Threei} .15 would be a trigger
[12:16] {Threei} .05 support to hold
[12:18] {Threei} didn't hold, no go for that setup
[12:19] {dino} urbn l .40, stop lod
[12:21] {lisa_jay} .15 q's break still valid Vad?
[12:22] {Threei} no
[12:22] {Threei} sgharop spike into resistance
[12:22] {Threei} not what I want to buy
[12:22] {lisa_jay} ok
[12:23] {lisa_jay} wow. this concept alone is a gem.
[12:24] {Threei} hah
[12:24] {Threei} read TTR, you'll find pages chock full of such gems :)
[12:24] {lisa_jay} Seeing it real time is amazing though..twice today.
[12:25] {ese} have a great weekend everyone.....not really doing much but am enjoying obseving....take care all.
[12:25] {Threei} take care ese
[12:26] {ese} see ya vad.......
[12:26] {lisa_jay} Bye Ese.
[12:27] {muddleheaded} The tail of this 15 min candle on the QQQQ is almost a 50% Fib retracement from yesterdays lows.
[12:28] {Threei} OK, becomes more like rally attempt
[12:28] {Threei} DELL is DELL, it just climbing through all this, lol
[12:28] {Threei} ADBE
[12:28] {Threei} .80 break, half lot
[12:29] {Threei} stop under .65
[12:29] {Threei} Qs pullback entry
[12:29] {Threei} .10 closest support
[12:31] {Threei} if no more pullbacks, Qs .24 long with .15 stop
[12:31] {magoo} l aapl .95
[12:32] {magoo} same concept
[12:32] {dawg} in aapl .97
[12:32] {Threei} in Qs
[12:32] {Threei} .17
[12:33] {Threei} stop under .10
[12:33] {dawg} in Q.s
[12:33] {Chaeron} me too .19
[12:34] {magoo} dont like this
[12:34] {dino} learn to
[12:34] {Chaeron} what, me in too? or the neg action ?
[12:34] {Threei} lol
[12:34] {magoo} lol
06[12:34] * Chaeron {{{ kiss of death
[12:34] {dino} lol
[12:35] {Threei} ok, this is great spot for suden spike, market
[12:35] {Chaeron} quiet before I double up
[12:35] {Threei} use this opportunity to earn our respect
[12:35] {Threei} or we will spit on you
[12:35] {Threei} twice
[12:35] {dawg} out aapl .16
[12:36] {dptl} in qqqq.19
[12:36] {magoo} layouyt .41
[12:36] {dawg} Thanks magoo need another shot of Vodka heer out ot soon
[12:36] {dino} giddy up
[12:36] {Threei} good job so markety, now break this most recernt high
[12:36] {Threei} 1190 for NQ
[12:36] {magoo} out HERE
[12:36] {Threei} .24 for Qs
[12:37] {Threei} good boy
[12:37] {magoo} .31
[12:37] {Threei} now just go, no more headfakes
[12:37] {Threei} half out Qs
[12:37] {dptl} half out +.11 ty
[12:37] {dawg} 1/2 iyt Q's out
[12:38] {Threei} offering 1/4 more .41
[12:38] {magoo} .40 here lol
06[12:38] * Threei slaps magoo around a bit with a large trout
[12:38] {dawg} offering 1/4 mrore
[12:38] {magoo} oput
[12:38] {magoo} TY vad
[12:38] {Threei} welcome sir
[12:38] {dptl} some more out .40
[12:39] {magoo} nice aapl Dawg
[12:39] {magoo} get out imo
[12:39] {Threei} DELL, eh?
[12:40] {dawg} Thanks to you magoo great call wathcing q.s now
[12:40] {Threei} hit at .41
[12:40] {dawg} out .41
[12:40] {dino} urbn stop to .59, emr stop to .04
[12:40] {dawg} last 1/4 vad?
[12:40] {Threei} .19 stop
[12:40] {dawg} okk
[12:40] {Threei} waiting to see what shapes up
[12:41] {Chaeron} out at .41... and I doubled up :P see? It's not me you can blame anymore... + $0.21
[12:42] {dino} out emr .10, +.60 took all day
[12:42] {lisa_jay} Out q's .21 and .23 Thanks Vad.
[12:43] {Threei} wait
[12:43] {Threei} .21 or +.21?
[12:43] {dino} a or A
[12:43] {lisa_jay} + :-)
[12:43] {Threei} whew
[12:44] {Threei} good job :)
[12:44] {lisa_jay} :-)
[12:44] {Chaeron} beauty Lisa
[12:44] {Threei} careful Lisa, he is flirting
06[12:44] * Chaeron blushing
[12:45] {Chaeron} er uh, nice trade Lisa
[12:45] {dino} always
[12:45] {lisa_jay} Er...ah ..(blush..blush), thanks Chaeron.
[12:45] {Chaeron} hey dino... gut say green today?
[12:46] {Chaeron} (trying to change subject)
[12:46] {dawg} still in Qs vad? ;;;loks llike its ready togo
[12:46] {Threei} last portion, yes
[12:47] {dawg} okl
[12:47] {Threei} looking, thinking where to exit
[12:47] {dino} dk chaer, but feeling up then -200 close
[12:47] {dawg} let me know
[12:47] {Chaeron} thanks
[12:47] {dino} sort of feels too easy
[12:47] {dino} out urbn .62, +.22
[12:48] {Threei} DELL
[12:48] {Threei} pullback entry
[12:48] {Threei} with first NQ strength
[12:50] {Threei} in
[12:50] {Threei} .14
[12:50] {dawg} in dell
[12:50] {Threei} stop under .10
[12:51] {Threei} Qs stop to .29 for the last portion
[12:51] {dawg} ok thandks
[12:51] {dptl} in dell .15
[12:51] {magoo} u dog:)
[12:51] {dawg} yes sir magoo
[12:53] {muddleheaded} The tail of this 15 min candle on the QQQQ bounced off a 38.2% Fib retracement from yesterdays low to high.
[12:54] {lisa_jay} yeah, shy of .02
[12:54] {lisa_jay} for
[12:54] {lisa_jay} muddle
[12:55] {magoo} mudds confusing magoo here lol
[12:55] {muddleheaded} To make everyone muddleheaded :)
[12:56] {Threei} he is not confusing me... but the reason is, I am naturally confused, not much anyone could add to that
[12:56] {Threei} offering last portion Qs .57
[12:56] {dawg} OK with you
[12:57] {Threei} stop to .35
[12:57] {dino} partial deck fill .90
[12:58] {dawg} .)
[12:58] {Threei} half out DELL .19
[12:58] {Threei} not really what I wanted but it stalled
[12:58] {Threei} want to cut risk in half
[13:00] {dawg} out 1/2 dell
[13:00] {Threei} (US) SENATE MAJORITY LEADER REID: SENATE WILL TAKE UP AUTO INDUSTRY BAILOUT BILL AND UNEMPLOYMENT EXTENSIONS ON MONDAY
[13:00] {Threei} - Hopes for proceedural votes on measures early next week.{GM F}
[13:01] {dptl} half out dell.20 ty
[13:02] {Threei} kind of wanted it above .30 for first exit
[13:02] {Threei} done with Qs for now
[13:02] {dptl} yeah..was offering around that too
[13:02] {dawg} stooped Q.s last 1/4
[13:03] {dptl} all out qqqq
[13:05] {jmb} thanks vad
[13:05] {Threei} welcome jmb
06[13:05] * Chaeron slaps laserdave1 around a bit with a large trout
[13:06] {Chaeron} Dave... Dcc please?
[13:06] {Threei} sneaky'
06[13:06] * Threei slaps laserdave1 around a bit with a large trout
[13:06] {Threei} yes dave, dcc
[13:06] {Threei} {--- second in line
[13:06] {Threei} Chaeron trouted him first
[13:06] {Chaeron} I'll be quick with him Threei
[13:06] {Threei} he has the right of the first night
06[13:07] * magoo slaps laserdave1 around a bit with a large trout
[13:07] {Chaeron} (reminds me of D'Artagnian's first encounter and duel set up in 3Musketeers... heheh)
[13:07] {Chaeron} me first, then 3i, then magoo
[13:07] {Chaeron} *sigh* nevermind
[13:08] {Threei} I claim Atos (or however he is spelled in Enlgish
[13:08] {Chaeron} magoo is Portos (or whatever.. lol)
[13:09] {magoo} that does it............................
06[13:09] * magoo slaps Chaeron around a bit with a large trout
[13:09] {Threei} D'Artagnian is too young for me, Aramis is too frisky and sentimental, and Portos is definitely magoo
[13:09] {Chaeron} hey! he's the one that drinks a lot
[13:09] {Threei} oh, Atos had no problem in this department either
[13:09] {Chaeron} lol
[13:09] {magoo} what was portos like?
[13:10] {magoo} which movie?
[13:10] {Chaeron} fun one
[13:10] {Threei} burly, wild, fun
[13:10] {Chaeron} movie........ sheesh
[13:10] {Chaeron} netfix Three Musketeers... ... funny as hell
[13:18] {hawkfan4} Dave, dcc when you get a chance
[13:19] {wishbone} vad dcc when available
[13:19] {dawg} in drys .61
[13:20] {dawg} long
[13:21] {magoo} chaer, which musk movie tho, made when?whos in it? gottabe 10 of thosesh
[13:21] {Chaeron} let me look
[13:21] {Threei} come on charon
[13:22] {Threei} make him read the book
[13:22] {magoo} theres a book?
[13:22] {Threei} lol
[13:22] {Chaeron} oh man
[13:22] {Threei} dumped DELL balance
[13:22] {Threei} thing's tired
[13:22] {dawg} yes out dell
[13:23] {dawg} sure looks like it
[13:23] {magoo} might get contra hour spike up vadf
[13:23] {magoo} 2-3 pm
[13:23] {magoo} we poered up yester around 1:30 i think
[13:24] {Threei} looking for sings of that mags
[13:24] {Threei} look how precise our read has been so far
[13:24] {magoo} u mean listening for ?
[13:24] {Threei} we aassumed attempt to repeat yesterday's rally,
[13:24] {Threei} probably not as successful but tradable
[13:25] {Threei} exactly what we got, and being ready we utilized it with QQQQ trade
[13:25] {Chaeron} http://www.netflix.com/Movie/The_Three_Musketeers/1043548?trkid=222336&lnkctr=srchrd-sr&strkid=1521834677_1_0
[13:25] {Threei} lwet's wait out this uncertainty
[13:25] {Threei} and watch for the next idea
[13:26] {Chaeron} http://www.netflix.com/Movie/The_Three_Musketeers/1043548?trkid=222336&lnkctr=srchrd-sr&strkid=1521834677_2_0
[13:26] {Chaeron} the 2nd one might be for more your taste magoo
[13:28] {magoo} ty..oh yeah..charlie sheen, kiefer
[13:28] {Chaeron} what? the 2nd one was supposed to be Mickey Mouse, Donald Duck,...
[13:29] {magoo} ive seen that one
[13:29] {Chaeron} :))
06[13:29] * Chaeron slaps laserdave1 around a bit with a large trout
[13:31] {dawg} out dys scalp .73 +11 cents
[13:31] {lisa_jay} Nice.
[13:31] {Threei} Long Setup: GG half lot .60 if stays above .50
[13:31] {dawg} Thanks Lisa you sure have bbeen doing well
[13:32] {magoo} in
[13:33] {dawg} in .60
[13:33] {Threei} barely touched on 1:1, not enough for exit
[13:33] {Threei} wanted more than scalp anyway
[13:35] {Threei} no worky
[13:35] {dawg} stopped gg
[13:36] {magoo} stopped
[13:50] {Threei} mess
[13:50] {Threei} sharp up, sharp down
[13:50] {Threei} nothing readable
[13:50] {magoo} weakr than yesterday..not in points
[13:50] {magoo} in power
[13:50] {Threei} yup
[13:51] {Chaeron} Fox pushing "sin" stocks
[13:52] {magoo} AAPL really struggling with 92
[13:54] {dawg} is see that magoo backed off again
[13:54] {magoo} i cant take 92.15
[13:54] {dawg} why not
[13:56] {magoo} contra hour??
[13:56] {dawg} i see
[13:56] {lisa_jay} dell at highs
[13:58] {Threei} ifthings continue this way, Qs will drop to .40 now, before going to new highs
[13:59] {Threei} half way there
[13:59] {Threei} lol
[14:02] {Chaeron} shucks... hesitated to take at .52
[14:03] {dino} afam sm l .00
[14:03] {Threei} (US) TREASURY SEC PAULSON: BELIEVES THE US FINANCIAL SYSTEM HAS BEEN STABILIZED, WHICH WAS #1 GOAL OF TARP - CNBC INTERVIEW
[14:04] {magoo} AAPL cvoiling big time imo
[14:05] {magoo} if IF mkt goes it should blast off
[14:05] {magoo} 93 easy
[14:05] {magoo} well easy as risky as hell can be
[14:06] {hawkfan4} lol
[14:09] {dino} out deck ave .42 slippage, +.52
[14:09] {lisa_jay} nice
[14:10] {dino} ty
[14:15] {dino} if this is stability....just think what instability could be
[14:15] {Threei} lol
[14:16] {magoo} aapl as closed to 92 as u can..long
[14:16] {magoo} stop 91.65
[14:16] {Threei} took .12 mags
[14:16] {magoo} 93 vad comith
[14:16] {magoo} in
[14:17] {Threei} sold half
[14:17] {Threei} .51
[14:17] {magoo} good job
[14:18] {magoo} .66 half here
[14:18] {magoo} out 04 bal
[14:19] {magoo} ty boss
[14:19] {hawkfan4} nice mags
[14:19] {lisa_jay} Nice trade Magoo, Vad
[14:19] {magoo} 14:16] {magoo} 93 vad comith
[14:19] {magoo} 14:16] {magoo} aapl as closed to 92 as u can..long
[14:19] {Threei} out 93.12
[14:19] {magoo} [14:05] {magoo} AAPL cvoiling big time imo
[14:19] {magoo} [14:05] {magoo} if IF mkt goes it should blast off
[14:19] {Threei} +$1
[14:19] {dino} all l .00
[14:20] {hawkfan4} i'd say beauty but i don't want Vad to get jealous :)
[14:20] {Threei} lol
[14:20] {magoo} nice call aapl vad
[14:20] {magoo} ty
[14:20] {Threei} I called it?
[14:21] {magoo} lol
[14:21] {magoo} computer generic programmed thank u..saves me time
[14:21] {Threei} ah
[14:21] {Threei} keep it well oiled
06[14:21] * magoo slaps laserdave1 around a bit with a large trout
06[14:21] * magoo slaps laserdave1 around a bit with a large trout
06[14:21] * magoo slaps patience around a bit with a large trout
06[14:21] * magoo slaps patience around a bit with a large trout
06[14:22] * magoo slaps Chaeron around a bit with a large trout
[14:22] {magoo} and u lil bow wow...................
06[14:22] * magoo slaps dawg around a bit with a large trout
[14:22] {dawg} that sobered me up
[14:23] {dawg} thamls tjam thanks magoo for my first efver trouting
[14:23] {dawg} great appl call was making a beer run
[14:24] {magoo} ah......it was a dollar
06[14:24] * dino slaps dawg around a bit with a large trout
[14:24] {dawg} jesus and i had my head in the cooler great call
[14:24] {dino} here's the 2nd
[14:24] {magoo} we are going GREEM
[14:25] {dawg} not now hurt my feelings dino
[14:25] {magoo} 61 down
[14:25] {dawg} ;;; ;p lol
[14:25] {magoo} helluva cheese
[14:25] {dino} greem?
[14:26] {Threei} anyone grabbed AAPL on pullback to .50?
[14:26] {Threei} was way too fast to alert
[14:26] {Threei} but very clean charty
[14:27] {dawg} in .51 aapl
[14:27] {dino} navg sm wide gappy .01 l
[14:27] {Threei} wow
[14:28] {Threei} FONR
[14:28] {Threei} RECEIVED OFFER AT $5/SHR
[14:28] {Threei} how about that?
[14:28] {dawg} ott aappl
[14:28] {wishbone} 007 time...have a great weekend all
[14:28] {Chaeron} see ya WB
[14:28] {patience} i'm going tonight wishbone
[14:28] {patience} have fun
[14:29] {Threei} have fun wishbone
[14:31] {magoo} bye wish
[14:34] {magoo} dont like this fall
[14:37] {dino} cya wishb
[14:37] {dino} been really mild weather magoo, whats the problem
[14:37] {KSystems} hello
[14:38] {dino} ks
[14:38] {Chaeron} hey KSys
[14:38] {Threei} KS :)
[14:38] {muddleheaded} Is it me or does it seem like overhead resistence is slowly getting chipped away by bulls?
[14:38] {magoo} (:SK
[14:38] {KSystems} how's the day been going so far?
[14:39] {Threei} decent
[14:39] {dino} it's you
[14:39] {dino} 8945 wall of china
[14:40] {dino} steel better term, china would break
[14:40] {Threei} "Tear down that wall!" (in my best Reagan voice)
[14:40] {dino} i miss him
[14:41] {Chaeron} me too.... badly
[14:41] {dino} named my kids after him
[14:41] {dino} donald and megan
[14:41] {dino} giddy-up
[14:42] {Chaeron} :)
[14:42] {magoo} why not name the ronald and reagan??
[14:42] {dino} ahh, wife had a say
[14:42] {dino} hod dji
[14:43] {Threei} here is amazing thing
[14:43] {Threei} Bush spoke yesterday
[14:43] {Threei} Paulson today
[14:43] {Threei} and none of them managed to kill the market
[14:43] {dino} and obama quiet
[14:43] {Threei} this is officially start of the bull market
[14:43] {Threei} if we can ignore those speaking
[14:43] {magoo} GREEM
[14:46] {dino} or 3i, just keep obama's mouth shut
[14:48] {Threei} I have to say, this is way less confident climb than yesterday's
[14:48] {Chaeron} it's Friday?
[14:49] {dino} then say it!
[14:53] {lisa_jay} lvs news?
[14:55] {magoo} c'mon GREEM
[14:55] {magoo} 'new color
[14:55] {dino} lol 3i
[14:55] {hawkfan4} nothing significant today lisa on LVS
[14:56] {dino} open the sipgots, time to re-inflate it all
[14:56] {lisa_jay} Ok, thanks Hawk.
[14:56] {magoo} green with less moxy than yesterday=greem
[14:56] {dino} dji greeN
[14:58] {dino} targets upward, 8945 (obama high), gap at 8696, 9,625 area
[14:59] {magoo} dip sh$t says 9000
[14:59] {Geo} ??
[14:59] {magoo} cramer
[14:59] {Geo} ahh thanks
[14:59] {magoo} just time to buy his post just up
[14:59] {magoo} this morn hated it
[15:00] {dino} i'm getting out then, out all .75, +.75
[15:00] {Onix} In for lunch and i see you guys have raced up the market again during my abscence
[15:00] {Onix} are we trading anything?
[15:00] {Threei} actually Geo... we tried to sneak it in ahile Onix was out
[15:00] {dino} onix, we are noticing a pattern, you leave we make $
[15:00] {Onix} then ishould leave immediately?
[15:01] {Threei} honest to god onix... profitable call came 1 frikin minute after you left
[15:01] {Geo} maybe we just pay him a percentage and he sits pretty
[15:01] {Onix} that sounds like a plan geo
[15:01] {Geo} :)
[15:01] {Geo} of course well all lie
[15:02] {Onix} and here i am believing every word!
[15:02] {Geo} lol
[15:02] {Threei} [10:47] {Onix} ok ... ok, i get it. i will leave now for my day-job so that you guys can race up the market again. Enjoy!
[15:02] {Threei} [10:47] {Chaeron} bye Onix, have a great weekend
[15:02] {Threei} [10:48] {lisa_jay} Bye Onix.
[15:02] {Threei} [10:48] {Threei} Long Setup: GG .85 if stays above .70
[15:02] {Threei} [10:48] {Threei} half lot
[15:03] {Threei} [10:50] {Threei} OK, I feel bad
[15:03] {Threei} [10:50] {Threei} to isue a call a few seconds after Onix left...
[15:03] {Threei} [10:50] {Geo} hehe
[15:03] {Threei} [10:50] {lisa_jay} A great call like this.
[15:03] {Threei} [10:50] {dawg} out 1/2 .17
[15:03] {Geo} i think the real setup was long .75
[15:03] {Geo} but vad waited
[15:03] {Onix} unbelievable!
[15:03] {Onix} but there is the proof
[15:03] {Threei} but I did feel bad...
[15:03] {dino} pery
[15:04] {Onix} ty
06[15:04] * Geo feels bad and scrapes the money
[15:04] {Threei} Qs pulled back in bounce zone
[15:05] {Threei} in .03
[15:05] {dawg} Q.s in j..
[15:05] {Threei} .95 stop
[15:07] {Threei} half out .15
[15:07] {Onix} in late @ .11
[15:07] {dawg} halff out
[15:07] {Threei} out .23
[15:07] {dawg} out .j 22
[15:08] {dawg} Thanks Vad good call
[15:08] {magoo} first 1 i missed of yours
[15:08] {dino} onix, don't feel bad, get even
[15:08] {dawg} yes magoo but you nailed one in aaapl
[15:08] {dawg} ot or twoo
[15:09] {lisa_jay} missed too
[15:13] {Onix} sold 200 @ .24 + 200 @ .29 still holding 100
[15:13] {Onix} ty Vad!
[15:13] {Threei} nice Onix
[15:13] {Threei} I feel better
[15:13] {Chaeron} so does he
[15:14] {Threei} I don't like to discriminate against brother canucks
[15:14] {Onix} :)
[15:14] {Threei} I mean, I love to discriminate...
[15:14] {Onix} lol
[15:14] {Chaeron} just against californians because our weather is superior
[15:14] {Threei} just don't like that it shows so clearly :)
[15:14] {Threei} oh yes
[15:14] {Threei} californians are to be discriminated against
[15:14] {Chaeron} oh it's 83 today Threei
[15:15] {Threei} see?
[15:15] {Chaeron} not a cloud in the sky
[15:15] {Threei} how not to discriminate?
[15:15] {Threei} they have great weather, swimming ocean, swaying palm trees
[15:16] {Threei} Qs going to .40 on the next leg it seems
[15:16] {Threei} just tough to find entry
[15:17] {Threei} got .15
[15:17] {Threei} stop under .10
[15:17] {Chaeron} got .13
[15:18] {dino} financials pulling back
[15:18] {Threei} out
[15:18] {Threei} not sure what's happening here
[15:18] {Chaeron} me too
[15:18] {Chaeron} stopped
[15:20] {Threei} opays to keep them tight
[15:20] {Threei} HIG
[15:20] {Threei} ANNOUNCES AGREEMENT TO ACQUIRE FEDERAL TRUST BANK AND APPLICATION TO U.S. TREASURY CAPITAL PURCHASE PROGRAM
[15:21] {Threei} wow
[15:24] {Threei} PRU goes too
[15:24] {Chaeron} I have to go take care of other business. Thanks vad and everyone for yet another great week.
[15:24] {Threei} take care chaeron, have a great weekend
[15:24] {lisa_jay} Bye Chaeron
[15:24] {Chaeron} you guys too
[15:24] {Threei} HIG, that was something
[15:24] {magoo} c u chaer
[15:27] {Threei} more on HIG
[15:27] {Threei} APPLIES TO BECOME SAVINGS AND LOAN HOLDING COMPANY
[15:27] {Threei} - Applied to the OTS to become a savings and loan holding company and has applied to participate in the U.S. Treasury Department's Capital Purchase Program (CPP).
[15:27] {Threei} - Hartford estimates that it would be eligible for a capital purchase of between $1.1B and $3.4B under existing Treasury guidelines. The final amount of capital request will be determined following approval by Treasury.
[15:27] {Threei} - Hartford has signed a merger agreement to acquire the parent company of Federal Trust Bank for approximately $10M and will also provide an additional amount to recapitalize the bank.
[15:27] {Threei} - The completion of this acquisition will satisfy a key eligibility requirement for participation in CPP.
[15:28] {dino} watch 3:40 pm imo, that has been the rally time
[15:30] {muddleheaded} Thanks Dino, my eyes are glued to my screen.
[15:33] {Threei} gwetting interested in Qs bounce
[15:34] {Threei} let's do half lot
[15:34] {Threei} .60 break if holding .50
[15:34] {dino} 200 pt drop
[15:34] {dino} hate to say it, but so far my earlier call, up then -200
[15:35] {Threei} could you issue one more, for +300 now?
[15:35] {Threei} please?
[15:35] {dawg} in .63 q's
[15:35] {dino} gut says up
06[15:36] * Threei toasts dino's gut
[15:38] {dino} dow l off of .80
[15:42] {dawg} stopped q's
[15:42] {Threei} you didn't partial at 1:1?
[15:42] {dino} gut wrong.
[15:43] {dawg} just missed by 2 cents got in at 1:1 vad it was a good call though
[15:43] {dawg} get in at .63
[15:43] {dawg} got in
[15:46] {Threei} maga, look dcc please
[15:53] {dino} out navg .70, -.31
[15:56] {dino} well once again cramer buy the top sell the bottom, the guy is the ultimate contrarian tell
[15:56] {dino} he was only off by 600 pts, said 300 up
[15:57] {dptl} have a good weekend all:)
[15:57] {Threei} take care dp
[15:57] {dino} u2 dp
[15:58] {Threei} wow
[15:58] {Threei} what a drop
[15:58] {Threei} and kosmo... what can I say
[15:58] {Threei} good job
[15:58] {magoo} cramer
[15:59] {patience} yessh, i thought we would end up some....honestly, do any of them know what's going on
[15:59] {Threei} -350
[16:00] {lisa_jay} .
[16:00] {Threei} another dramatic day, lol
[16:00] {Threei} tired of drama yet?
[16:00] {lisa_jay} Thanks Vad. Learnt a lot this week.
[16:00] {Threei} made some money too?
[16:00] {muddleheaded} See you all next week.
[16:00] {Threei} thank you all
[16:01] {Threei} have a great relaxing weekend
[16:01] {Threei} see you on Monday
[16:01] {lisa_jay} Yes. Of course.
[16:01] {hawkfan4} bye all, thx n enjoy
[16:01] {magoo} ty a;ll
[16:01] {Threei} best kind of learning lisa
[16:02] {lisa_jay} Yes.
[16:02] {lisa_jay} Free tution or tution reimbursement.
[16:03] {lisa_jay} Bye all.
