The trade below is based on following to continuing trend. Despite being up about 10 points at the moment, TZA still goes with trend (remember, TZA is inverse to the market so going long on it you effectively short the market). 14:23 long at 61:05 gave us fast and big move.
Session Time: Mon Aug 08 00:00:01 2011
[08:29] {nemo} http://twitpic.com/62r089
[08:33] {Threei} lol
[09:14] {dino} gm all
[09:14] {Threei} morning dino
[09:15] {Threei} biounce hunt in mind?
[09:15] {Threei} bounce
[09:18] {dino} yeah, things are strange, but everybody seems to be throwing the baby out
[09:18] {Threei} true
[09:18] {Threei} two things to be careful of,
[09:19] {Threei} first strong emotional impulse that could push us lower
[09:19] {Threei} and talk about Moody's downgrade coming
[09:19] {dino} imagine thats coming
[09:23] {Threei} we are still above Fri lows though
[09:27] {Threei} defnitely no trades at the open
[09:28] {Threei} want to let first volaitility work itself out
[09:31] {dino} dgit beats and raises, crushed
[09:31] {dino} all news is bad
[09:31] {Threei} typical for bear market
[09:32] {Threei} Long Setup: RIMM .50 break
[09:33] {Threei} yeah right
[09:33] {Threei} no slightest chance
[09:33] {Threei} grrr... 1:2
[09:35] {dino} ppo sm l .31
[09:36] {Threei} Long Setup: SLW .40 break
[09:37] {Threei} stop under .30
[09:38] {Threei} 1:1
[09:39] {Threei} 1:2
[09:40] {Threei} Short Setup: RIMM 23 break
[09:41] {dino} out ppo .33, +2.02
[09:41] {Threei} wtg
[09:41] {dino} ty
[09:42] {Threei} 1:1
[09:43] {Threei} Short Setup: SLW .45 break
[09:43] {Threei} stop above .55
[09:47] {Threei} 1:1
[09:47] {Threei} 1:2
[09:47] {Threei} 1:3
[09:47] {Threei} 1:4, out
[09:49] {dino} gj
[09:50] {Threei} 3:3... on such morning
[09:50] {Threei} and is anyone talking to me?
[09:50] {ese} morning.......checked the futures last night and knew it was definitely not my kind of day so I slept in......
[09:50] {Threei} come on ese
[09:50] {Threei} just for practice purposes if not actual trading... how ogten do you get such chance
[09:51] {dino} nothing s/p like losing 2.5%/day
[09:51] {Threei} I am 3 fo3, and dino has made
[09:51] {Threei} +2.02
[09:51] {Threei} on a single trade
[09:51] {dino} wtg vad
[09:51] {dino} wtw holds well
[09:51] {ese} ya true........ya what the heck.......ok long everthing
[09:51] {ese} oh wait a minute........
[09:51] {Threei} lol
[09:51] {ese} markets dn huge
[09:55] {dino} dndn sm l .51
[09:57] {Threei} Long Setup: RIMM .80 break
[09:59] {Threei} invalidated
[10:01] {ese} well i'm outta commission......quotes from questrade are all buggared up
[10:01] {Threei} no wonder
[10:03] {ese} back
[10:03] {ese} nope gone again
[10:04] {ese} must be 1987 again....or whenever the crash was
[10:04] {Threei} nah
[10:04] {Threei} not even close
[10:04] {Threei} -200 Dow
[10:04] {Threei} we had more just this last Fri
[10:06] {ese} ya ...i'm over exagerating
[10:06] {ese} trying to cause panic on the board
[10:06] {Threei} panic? we are sound asleep
[10:07] {Threei} have you ever seen sleeping people panicking?
[10:07] {Threei} Long Setup: FCX .40 break
[10:07] {Threei} half lot
[10:08] {Threei} aggressive entry for .50 break
[10:08] {ese} in
[10:08] {Threei} want to add second half on .5stop under .300
[10:08] {Threei} umm
[10:08] {Threei} stop under .30
[10:08] {ese} .41
[10:08] {ese} ya
[10:08] {Threei} want to add second half on .50 break
[10:09] {Threei} stop to .35
[10:09] {ese} in
[10:09] {Threei} half out here
[10:09] {ese} are we at .60
[10:09] {Threei} yes
[10:09] {ese} out
[10:10] {Threei} is it beauty of what
[10:10] {dino} gj
[10:10] {Threei} Ron is missing great day
[10:10] {ese} cool .60 right on
[10:10] {patience} good morning, have i missed much?
[10:10] {Threei} and jf, I will be teasing his about it for months
[10:10] {ese} man my quotes were behind
[10:10] {Threei} morning patience
[10:10] {Threei} 4 for 4
[10:10] {ese} morning patience
[10:11] {Threei} stop to .45 for second half
[10:11] {Threei} ese, it's scary to trade such volatility with inferior broker...
[10:11] {ese} today it is
[10:11] {ese} sheesh
[10:17] {dino} crashing
[10:18] {nemo} 116.35 spy support, below that .114.50 area Oy frickin Vay!!!
[10:19] {Threei} losing Fri support
[10:22] {dino} -3.17% s/p
[10:23] {Threei} Short Setup: RIMM .60 break
[10:23] {Threei} half lot
[10:23] {ese} i'm betting the daily candle charts are going to be hammers by the end of the day
[10:24] {dino} dndn stop -.30
[10:24] {ese} this is a great way to wring out the system
[10:25] {Threei} ese, is your newsfeed working normallly?
[10:25] {Threei} assuming you use TTN
[10:27] {Threei} stop to .66
[10:28] {Threei} out
[10:29] {nemo} ese, dcc
[10:29] {nemo} and email
[10:29] {Threei} hmmm
[10:29] {Threei} ese, he wants somthing from you it seems...
[10:29] {nemo} wrong again vodka breath
[10:29] {nemo} speaking of...
[10:34] {Threei} canadian dollar... what a beautiful sight
[10:35] {nemo} silver lining in the carnage..huh Vad?
[10:36] {Threei} well... not being an investor, I don't view it as carnage
[10:36] {Threei} but yeah, I understand what you mean
[10:36] {nemo} one man's exchange rate suffering brutal, complete market crash,merely a statistic...
[10:36] {nemo} I'm paraphrasing ;)
[10:36] {Threei} I gathered as much, lol
[10:36] {nemo} good old Uncle Joe
[10:40] {ese} indiscriminate selling is whats going on here.....
[10:42] {ese} this is what your book is all about vad......the dummies who follow the crowd
[10:42] {larisa} looked at DJIA and it was 11111.11 for a mlsec :)
[10:43] {Threei} missed that
[10:43] {Threei} cool number
[10:43] {ese} almost 400pts dn
[10:45] {dino} still looking for the old 10k hat
[10:51] {Threei} 29% Say Tea Party Members Are Terrorists, 55% Disagree
[10:52] {Threei} argh Ron
[10:52] {RonS} gm...what a day to have computer problems...
[10:52] {Threei} no kidding :(
[10:53] {Threei} 4 for 5, one 6 cents stop
[10:55] {Threei} btw
[10:55] {Threei} http://photography.realitytrader.com/2011/08/pallada-in-inner-harbour.html
[11:00] {RonS} hearing O tv at 1 edt...
[11:01] {Threei} whodunit session?
[11:01] {nemo} you mean 0, don't you?
[11:02] {RonS} perfect...lol
[11:02] {Threei} btw guys, Whistler conference program is finalized
[11:02] {Threei} click on a banner on Realitytrader homepage
[11:02] {dino} great, he'll talk we'll drop another 300 pts
[11:02] {Threei} lol dino
[11:02] {pragmatic} ski rental included ?
[11:02] {Threei} hmmm... in Oct?
[11:03] {nemo} water skiing
[11:03] {pragmatic} :)
[11:03] {pragmatic} www.realitytrader.com
[11:03] {pragmatic} wrong window
[11:03] {Threei} I'll say
[11:06] {RonS} quote of the day: I just sued by parents for giving birth to me at a time where I would witness $AIG sue $BAC
[11:07] {Threei} hehe
[11:09] {nemo} funny, I often say to friends who talk about their selfish ungrateful kids, and how exactly did they get here?
[11:10] {dino} ppo sm l .22
[11:10] {dino} flr sm l .10
[11:14] {ese} L ksws .84
[11:14] {ese} sm
[11:21] {Threei} Short Setup: RIMM .50 b reak
[11:21] {Threei} if stays under .60
[11:22] {dino} out ppo .07, +.85
[11:25] {Threei} PPO is your ATM today
[11:27] {dino} so far
[11:30] {ese} L tds .51
[11:30] {dino} flr stop -.30
[11:31] {dino} zoll?
[11:34] {Threei} 1:1
[11:34] {Threei} that's 5 for 6 today
[11:40] {ese} well done vad
[11:41] {Threei} ty
[11:46] {dino} rumors big hedge fund caught short treasuries, ala long term capital mess
[11:56] {dino} flr sm l .76
[12:05] {dino} stopped again done w/it
[12:10] {dino} rinsed
[12:15] {dino} lots of 52 week lows flashing
[12:16] {dino} mrx spike
[12:36] {Threei} Short Setup: FCX .50 break
[12:37] {Threei} 1:1
[12:37] {Threei} that's 6 for 7 today
[12:41] {dino} gj today
[12:47] {ese} tds stopped .26-.25
[12:55] {Threei} 5 min till guess-who speaking
[12:55] {nemo} 0
[12:55] {RonS} - trillions
[12:56] {Threei} meanies
[12:57] {Threei} you have no hopey-changey in you
[12:57] {Threei} in other words, you are hopelessly incorrigible
[13:02] {dino} pushed to 1:30 obamination
[13:03] {RonS} worse than a doctor...or should i say quack...
[13:04] {dino} he always makes you waut on him
[13:04] {Threei} I reiterate: meanies
[13:11] {Threei} look at RIMM daily
[13:11] {Threei} raely do we see something so ugly
[13:11] {Threei} chart that only RIMM's mother could love... if that
[13:34] {RonS} b'O'zo tv yet?
[13:36] {Threei} no
[13:36] {Threei} waiting for godor
[13:36] {Threei} godot
[13:36] {dino} dropping
[13:38] {nemo} knew that was coming Vad
[13:39] {Threei} how?
[13:39] {Threei} new breakdown is coming btw
[13:39] {nemo} no, "Waiting for Godot"
[13:39] {dino} lod
[13:40] {nemo} but expect spy bounce .40 area
[13:40] {Threei} right... but how did you know my teenafer-times reading list
[13:40] {nemo} who said anything about that?
[13:42] {nemo} No bama?
[13:45] {RonS} one guess...chain smoking the kools big time
[13:45] {nemo} rasta-blunts
[13:45] {RonS} lol
[13:46] {dino} -4.75% today s/p
[13:47] {Threei} -420 Dow
[13:47] {Threei} and no slightest sign of selling stopping
[13:52] {dino} finally
[13:55] {nemo} taxx increases
[13:55] {dino} as usual
[13:56] {nemo} cue sound of toilet
[13:58] {nemo} Yahoo, down elevator
[13:59] {dino} -5%
[14:00] {nemo} -6
[14:00] {nemo} oh sorry
[14:00] {nemo} -$6
[14:03] {Threei} ummm
[14:04] {Threei} what did he say?
[14:04] {dino} not much
[14:04] {Threei} I listened
[14:04] {Threei} I am just not sure what he said
[14:05] {dino} same old bs
[14:05] {Threei} ok guys
[14:05] {Threei} bounce time it seems
[14:05] {dino} he has nothing new to say, he's in over his head
[14:06] {Threei} watching TNA for entry on pullback
[14:06] {Threei} half lot
[14:07] {Threei} .20 break
[14:07] {Threei} in
[14:07] {Threei} .17
[14:08] {Threei} stop under 42
[14:09] {Threei} over 1:1
[14:10] {Threei} half out .39
[14:13] {RonS} wow vix 42.6
[14:14] {dino} new lows
[14:15] {Threei} wow
[14:16] {nemo} as 0 says, markets go up, markets go down
[14:17] {dino} real confidence inspiring
[14:18] {nemo} faz up almost $16
[14:18] {dino} -500
[14:23] {Threei} Long Setup: TZA .05
[14:23] {Threei} half lot
[14:23] {Threei} stop under .90
[14:23] {nemo} oh well
[14:23] {Threei} 1:1
[14:23] {Threei} sigh
[14:23] {Threei} 1:2
[14:23] {Threei} 1:3
[14:23] {Threei} lost count
[14:23] {nemo} hold on this is going another $1
[14:23] {dino} down about 1800 dji pts in 12 trade days
[14:25] {dino} feeling capit like
[14:25] {dino} -600 coming
[14:25] {dino} bingo
[14:30] {nemo} spy bottomed at S3 on the daily
[14:47] {Threei} feels like one more pullback, no new lows and reversal to the upside
[14:56] {RonS} oil going sub 80...
[14:59] {dino} wow
[15:15] {Threei} scenario plays out
[15:15] {Threei} didn't really see entry
[15:15] {Threei} there was one but volatility didn't really allow t shape up setup
[15:18] {dino} sat still here too
[15:18] {dino} one crazy-azz market
[15:35] {dino} gotta hop, gn all
[15:36] {Threei} tae care dino
[15:36] {Threei} not a boring day at all eh?
[15:36] {Threei} and nemo promised us a boring summer - there, we have one fully excitng day
[15:36] {Threei} worth whole summer {G}
[15:48] {Threei} wow
[15:48] {Threei} retesting low
[15:48] {Threei} over 600 points again
[15:50] {ese} this is a wow
[15:50] {Threei} quite happy with today's performance
[15:51] {Threei} 8 out of 9 on a day like today
[15:55] {Threei} quite something
[15:55] {Threei} ending near the lows
[15:56] {nemo} huge sell side imbalances
[15:57] {Threei} bottom pickers get smacked
[15:57] {nemo} 2morow tna will be half tza wtf
[15:57] {Threei} lol, no kidding
[15:58] {Threei} amazing hoiw quickly yhey crossed
[15:58] {Threei} ok guys and gals... have a great evening, tomorrow won't be boring euither
[15:58] {larisa} bye :)
[15:59] {patience} thanks vad
