Day Trading Solutions

05/2/06 Chat Session

James-ST Moderator: GM ALL

brady has entered DayTrading Chat

claudia has entered DayTrading Chat

rdub has entered DayTrading Chat

j5 has entered DayTrading Chat

claudia gm ken/james everyone

brady GM peps

Cale Ken I played PLAY

j5 gm

rdub gm all

Cale it was a "give me"

Cale hey Brady

Cale Morning Claudia

brady hey cale hows it going?

Cale GM rdub

Cale doing well Brady and you this morning?

Cale hi J5

rdub gm Cale

Ken-ST Moderator: gm James, brady, claudia, rdub, j5, claudia,

Ken-ST Moderator: cool cale, gj

Ken-ST Moderator: nice

brady its all rain today in portland maine... blah

j5 gm Cale

j5 brb guys, must get coffee (first things first)

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Ken-ST Moderator: gm hanz

brady yes you do already got my starbucks

hanzsolo gm all

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doc gm gang

brady Hey cale what do you do for a living?

Cale hey Doc

Ken-ST Moderator: wow, they now have housing futures

Cale Brady, this is it. Well I also have my own business working in the IT field

brady cool

j5 ken, that's a great idea

j5 i should buy me some to hedge my potential loss on my house

brady lol not a bad idea j5

Ken-ST Moderator: exactly

James-ST Moderator: gm doc, hanz, j5, rdub, claudia, brady, leslie, cale, anyone i missed

Cale Well we will see what the "[i]Maria Bartiromo[/i]" effect had from yesterday

Cale Good Morning James

brady ok gg work guys but i'll be here

claudia gm cale

Cale how's it going Claudia

limey has entered DayTrading Chat

Cale http://www.bartiromo.com/

Ken-ST Moderator: gm limey

claudia SHOO?

Ken-ST Moderator: lol, theres a link that says send an email to maria

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Ken-ST Moderator: SHOO in recent range

Dale has entered DayTrading Chat

Ken-ST Moderator: gm JP, Dale

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JP GM

Dale hey bud whut's up :)

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georgie TACT?

Dale ready to make some money?? :)

Ken-ST Moderator: not quite sure that one is gapping , TACT

Ken-ST Moderator: will keep eye on it though

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James-ST Moderator: gm guru, julie, dale, jp, limey

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Dale gm

bharbhar gm ken, everyone

Cale HSII ?

Ken-ST Moderator: gm Julie, guru, bharbhar

Dale MSFT type C ?

guru good morning James, Ken & all

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Ken-ST Moderator: HSII added, but will have to watch due to spead

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bharat gm everyone

Ken-ST Moderator: gm Dan, Label, bharat

label gm!

Cale isnt the spread always way off Premarket?

Cale GM Label

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majomx Gn everyone

label whazzup brotha cale?

Cale Morning Guru

RoGeRj Hey!

label no time references this morning?

Cale My heart rate, thats for sure

label why

James-ST Moderator: gm rog, majom, label, bharat, dan, bharbar

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Ken-ST Moderator: gm jamomx, RoG, matt

James-ST Moderator: gm marr

matt gm Ken

matt gm James

Cale Label you can just refer to me as Mr. Dover

label lol... that's right how is your morning mr. dover

label excuse me/.... ben

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Ken-ST Moderator: gm victor

James-ST Moderator: gm victor

Cale NTMD has the setup if you like playing a stock under $10

label did you get in PLAY dover?

Cale Yep, nothing big

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Pontiff gm gang

label the pontifficator has arrived

Cale gm Pontiff

bharat HOM just closed above 10 yesterday for the first time, great fundamentals, great chart.. thoughts ?

Ken-ST Moderator: clear uptrend on all time frames

Ken-ST Moderator: we can add that to the Type B

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Cale EVVV

Ken-ST Moderator: however, it is a listed stock

Cale thats E V V

label are those Vs or Ws

Cale almost looks like a W

label he he

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mac gm

bharat ah

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travman gm everyone

Ken-ST Moderator: gm tryhard, mac, travman

Dan has logged out

Cale err E V V V

Cale 3 V's

tryhard gm

Cale ken Got it right

Cale he know what I ment

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Cale GM Travman

Ken-ST Moderator: gm Bob

label ken always gets it right dover

Cale most of the time

Cale [img id=em-10]

Ken-ST Moderator: gm everyone

Ken-ST Moderator: Hope you are have a great morning

label true true

Ken-ST Moderator: Lets do a market assessment:

label wheres WC?

label we need WC in here

Ken-ST Moderator: Daily chart: below the 5 day EMA, stoch down

Ken-ST Moderator: Hourly Chart: uptrend

Ken-ST Moderator: 5 min chart: downtrend

Cale WHY DO YOU THINK WE NEED WC, I THINK HE JUST GOT LOST IN HIS HOT TUB

Ken-ST Moderator: overall we still have a slight uptrending bias to the market

James-ST Moderator: gm bob, travman, mac, tryhard, pontiff

Ken-ST Moderator: however

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Ken-ST Moderator: there are red flags to that current uptrend

James-ST Moderator: gm dan, jg

Ken-ST Moderator: gm jg, Dan

Cale sorry Ken

Dale flags ? such as ??

label yah thanks for yelling at all of us right in the middle of ken's market assessment dover

label totally broke my concentration

label now i'm gonna go short RIMM

jy has entered DayTrading Chat

georgie which means we have to do the opposite label

jy gm

Ken-ST Moderator: the short term signs coming from the daiy chart

Ken-ST Moderator: prices closing below the 5 day EMA and stoch downt

Ken-ST Moderator: down

Ken-ST Moderator: gm jy

label lol georgie

label exactly

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James-ST Moderator: gm jose, jy

jose gm James, Ken, everyone!

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Cale Jello Jose

Dale thx

Ken-ST Moderator: gm jose, birddog

GA has entered DayTrading Chat

birddog hello

Ken-ST Moderator: gm GA

dennis has entered DayTrading Chat

Cale hey BirdDog

Ken-ST Moderator: gm dennis

GA gm Ken

dennis hello Ken

Cale Good Morning JP

JP Morning Cale

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jg good morning to all!

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Ken-ST Moderator: gm duane, hobo

Cale Good Morning to you JG

duane gm

Cale man look at GOOG just at 400

hobo gm

RoGeRj KEN how should we get into NFLX looks like its ready to hit 29.54 at open

Ken-ST Moderator: ok gang, good trading today

Cale Ken whats your Take on GOOG as a swing Short Trade

Ken-ST Moderator: I would wait a few secs, let the dust settle

James-ST Moderator: gm duane, hobo, dennis, ga

Ken-ST Moderator: make sure it doesnt gap below the trigger

Ken-ST Moderator: also, you dont want to enter on stray trades

Cale *** Good Trades Everyone ***

Ken-ST Moderator Update!

Ken-ST Moderator: [b]Watching for Type A Short on[/b] [b]NFLX 29.54[/b]

johnboy has entered DayTrading Chat

jg thanks cale to you too, and welcome back!

Cale ty jg

Ken-ST Moderator: GM JB

James-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]UTHR 56.93[/b]

Ken-ST Moderator Update!

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Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]PEIX 35.46[/b]

Ken-ST Moderator Update!

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]MGPI 28.51[/b]

Ken-ST Moderator Buy!

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]PEIX 35.46[/b]

Ken-ST Moderator Update!

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]KOMG 40.80[/b]

Ken-ST Moderator Profit!

Ken-ST Moderator: [b]1% PROFIT HIT. Consider taking some profits in[/b] [b]PEIX[/b]

Ken-ST Moderator: UTHR is close

jose has logged out

Ken-ST Moderator: EVVV near support area

Ken-ST Moderator: on daily

Ken-ST Moderator Update!

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]PLAY 10.89[/b]

tryhard mgpi close

James-ST Moderator: GOOG fighting with 400, which also happens to be its 50 day ema....

Ken-ST Moderator Buy!

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]MGPI 28.51[/b]

Rube has entered DayTrading Chat

Rube Good Morning.

Ken-ST Moderator: GM RUBE

James-ST Moderator: gm rube

Ken-ST Moderator Update!

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]MGPI 28.24[/b]

ms has entered DayTrading Chat

Ken-ST Moderator: GM MS

Ken-ST Moderator Profit!

Ken-ST Moderator: [b]1% PROFIT HIT. Consider taking some profits in[/b] [b]MGPI [/b]

Cale some ?

matt thanks Ken!

georgie MGPI nice one thanks

j5 nice move, MGPI thanks guys

Ken-ST Moderator: gj gang

rdub thanks PEIX, MGPI

James-ST Moderator: KOMG close

Ken-ST Moderator: HSII has possible support below

Ken-ST Moderator: noted on its daily

j5 oh, boy can't short NFLX

Ken-ST Moderator Update!

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]DXPE 48.81[/b]

mac has logged out

rdub spread ok on DXPE?

mac has entered DayTrading Chat

Ken-ST Moderator: yes rdub

rdub 'k

JP UTHR close

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Ken-ST Moderator Update!

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]UTHR 56.93[/b]

brady ken what about peix at HOD again

Ken-ST Moderator Short!

James-ST Moderator: gm, cdy, gojo, mac

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]PLAY 10.89[/b]

Ken-ST Moderator Short!

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]UTHR 56.93[/b]

James-ST Moderator: MGPI NEW HOD

Ken-ST Moderator Profit!

Ken-ST Moderator: [b]1% PROFIT HIT. Consider taking some profits in[/b] [b]UTHR [/b]

Ken-ST Moderator: Sweet

Cale Nice!!

jy ty on UTHR

jg geat a.m so far guys!!!!!! thanks....

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julie shangra-la

James-ST Moderator: UTHR NEW LOD

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James-ST Moderator: gm ferg, dubai

Ken-ST Moderator: gm Ferg, dubai

jy UTHR running a little

James-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]KOMG 41.26[/b]

Ferguzoid gm

James-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]KOMG 41.26[/b]

James-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]KOMG 40.98[/b]

Clyde-Harmon Trading has entered DayTrading Chat

James-ST Moderator: [b]CANCEL IACI WATCH[/b]

Ken-ST Moderator: DXPE is close

James-ST Moderator: MGPI NEW HOD

Ken-ST Moderator: gm Clyde

label gm clyde

Clyde-Harmon Trading gm everyone

Ken-ST Moderator Update!

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]PLAY 11.13[/b]

Ken-ST Moderator Buy!

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]DXPE 48.81[/b]

Ken-ST Moderator Update!

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]DXPE 47.99[/b]

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James-ST Moderator: GM SUSAN

brady peix going for new HOD

Cale Still in Brady?

Cale I am

brady yup

brady :) nice cale

julie s knxa

Cale I am guessing 36+

brady ya am going out 36.10

Cale But I dont want to get too greedy

brady i know

brady your right am going to move to 36.

Cale may just take the rest at 35.85ish

Ken-ST Moderator Update!

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]PLAY 11.08[/b]

brady idk there is a lot of orders at 36. i think it will have to go there

Cale As long as Maria doesnt come on air

rdub NFLX close

brady hahahah

JP lol

Ken-ST Moderator Short!

Ken-ST Moderator: [b]TYPE A Trade (Breakdown). Consider Short[/b] [b]NFLX 29.54[/b]

jy no short shares available to me on NFLX

jy :(

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Cale me either jy

j5 me neither :(

Ken-ST Moderator: gm kvr

Rube has logged out

georgie nor me

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Ken-ST Moderator Update!

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]DXPE 48.34[/b]

Ken-ST Moderator: gang we will opt for a very tight stop on DXPE

Ken-ST Moderator: intraday market is down

Ken-ST Moderator: KOMG new hod

label is it time to short RIMM yet?

Ken-ST Moderator Update!

Ken-ST Moderator: [b]UPDATE: Moving stop to entry[/b] [b]KOMG[/b]

label since things are slowing to a crawl

Ken-ST Moderator: [b]UPDATE: Moving stop to entry[/b] [b]KOMG[/b]

Cale label, let me know if you do

label hehe

Cale that way I can get my Long ready

gojo has logged out

Cale wow Video Profesor has a new commercial

Cale Brady, this PEIX is driving me crazy

Cale going to pull out here very soon

Ken-ST Moderator: marekt below the 5 ema

bharat peix is moving wit the stoch pretty much., ken thoughts?

Cale got out at.70

bharat ha totally so is everyone else

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label i'll just throw my computer mark

label stupid gas

Ken-ST Moderator Update!

Ken-ST Moderator: [b]STOPPED Consider exit in[/b] [b]DXPE[/b]

Cale LOL

georgie AMED nearing new HOD

Cale Georgie, did you get into AMED?

georgie No, didn't have the guts

j5 ok, PLAY, come on, I need to go to the bathroom (all that coffee) :)

Cale I hear ya J5

duane n

j5 either up or down, but please doe something

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label this guys gonna get tomatoed

j5 yeah

label although i agree with him

Cale Sh*% or get off the pot

label on CNBC

georgie AMED, should have done it :(

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Ken-ST Moderator Update!

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]PLAY 11.01[/b]

Cale is that a 3rd eye?

label he said pluck

Ken-ST Moderator: lmao

Leslie Whats IMAO?

label that guy looks like my girlfriend's mom

Cale Laugh My A S S Off

bharat its the new stock leslie .. taking off

label LOL

Cale LOL BHAEAR

bharat haha j/k .. couldnt resist that one

label LMFASO

Cale err bharat

James-ST Moderator: Market new HOD

Cale Go Brady, Go Brady, Go Brady

jy KOMG profit

georgie KOMG profit?

Cale no that was funny bharat

James-ST Moderator: [b]1% PROFIT HIT. Consider taking some profits in[/b] [b]KOMG [/b]

jy ty

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Cale huge spike in the market

label hi lari ous

label i'm staying in KOMG all day long

label just for the hell of it

Cale nice

label PLUCK

Cale hehe what the PLUCK

jy KOMG handsome runner

James-ST Moderator: KOMG new HOD

Cale time to short it?

James-ST Moderator: Market breaking slightly above the 50 ema on the 5 minute chart, stochastics are up, market new HOD.

label very nice very nice KOMG

James-ST Moderator: [b]Gang,we strongly suggest that a 5 minute candlestick chart of the SPX be kept open to give you a visual of current market conditions, overlay this chart with 5, 20 and 50 ema and slow stochastics. You will find that this will help you with your personal daytrading, giving you the “heartbeat” of the market.[/b]

James-ST Moderator: could work out cale, but KOMG has not even reached overbought levels.......

label short RIMM

label gotta go to class now..... : (

label do some shorts for me cale

James-ST Moderator: ok label

Ken-ST Moderator: have a good one label

label thanks for the winners guys

James-ST Moderator: [img id=em-8]

Cale k k

label very nice very nice

Cale Learn for me Label

James-ST Moderator: GOOG not doing well with the 400 level......

j5 AAPL

j5 ok, guys good day today, cya tomorrow, thanks

Cale L8er j5

j5 has left the room

Cale BRADY

Cale you still in??

Cale nice hold if you are!!!

Cale JP what are you working now?

Cale oh, jy I know you have something in the hopper, dont you

Cale come on spill the beans jy

Ken-ST Moderator: MGPI new hod

Cale very strong stock

JP Nothing right now Cale.

Cale doh

James-ST Moderator: MGPI new HOD

Cale okay thanks rePete

James-ST Moderator: [img id=em-9]

georgie Ok thanks for today, got to do the day job now, bye evryone

James-ST Moderator: tc georgie

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James-ST Moderator: PEIX new HOD

James-ST Moderator: Some pretty decent runners

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James-ST Moderator: gm gojo

gojo gm james

James-ST Moderator: As always gang, besides our triggers, yell out stocks of note and personal trades.

James-ST Moderator: whoahc GOOG......new LOD

Cale oh, ya I forgot -- SNDK Short at 62

ms can anyone recommend a good brokerage firm , other than Tradestation

Ken-ST Moderator: We use SOF Direct.com's platforms

Ken-ST Moderator: and also suggest their brokerage

bharat long HAL

Ken-ST Moderator: If you have under 50k to trade with, we suggest using Harmon Trading Group for your trading needs, http://harmontrading.com

Cale 25K right Ken?

Ken-ST Moderator: even traders slightly above

Ken-ST Moderator: you dont want to be close to that level without Harmon Trading

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ms thanks

Ken-ST Moderator: otherwise you will constantly have to worry about what level your equity is at

Ken-ST Moderator: on fears of PDT calls

Ken-ST Moderator: makes it harder to trade

James-ST Moderator: UTHR new LOD.........

James-ST Moderator: vn runners this morning......taking some time, but they are stretching their gains

James-ST Moderator: Anyone new here today?

ms yes

James-ST Moderator: ah, welcome ms

Ken-ST Moderator: good to have you

James-ST Moderator: We are about to cancel triggers, and will field questions......

ms hi

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Cale Wecome ms

James-ST Moderator: Hopefully you caught us from the morning, and are beginning to get a general feel of how we work

ms bad internet connection service

rdub James, any hints on picking the potential runners, in order to stay in past the 1%?

James-ST Moderator: rdub - best is to take the 1%, at least half......set remainder to at least original stop, and let rest ride out with some type of trailing stop

Ken-ST Moderator: key things to look at

Ken-ST Moderator: Time of day

Ken-ST Moderator: Market momentum

Ken-ST Moderator: and the stocks daily chart

James-ST Moderator: [b]CANCEL FURTHER TRIGGERS, TURN / LUNCH PERIOD[/b]

Ken-ST Moderator: lunch period gang

Ken-ST Moderator: the crappiest time of day to be trading equities

James-ST Moderator: We will resume gap triggers at 1:30 EST to match Wallstreet's lunch period of slower trade activity......as always, use this time to take a break........share stock strategies, trade ideas, or anything under the sun here......

rdub James, Ken - thanks

Ken-ST Moderator: anything to keep mind off of trading

James-ST Moderator: cale, do some bench presses for me today

Cale Sorry James, is a run day

Cale Need to get 3 miles in

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Ken-ST Moderator: Ideal stop played on DXPE

James-ST Moderator: vn cale

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Ken-ST Moderator: KOMG new hod

Cale and remember: A good stock bought is a stock 1/2 sold

Ken-ST Moderator: PLAY taking a stab at its 5 ema on 5 min

Cale I am suprised that PLAY is so slow moving right now, maybe its building cause

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Cale Look at that pay rate

Bob has entered DayTrading Chat

Ken-ST Moderator: wb Bob

Ken-ST Moderator: any questions?

Cale hey boB

Bob thx, hey Cale

Cale Shorting KOMG

Ken-ST Moderator: [b]Intraday Trend is Sideways to Down[/b]

Cale wow look at gold

Cale [b]sits back and listens to the crickets[/b]

Ken-ST Moderator: If I had to make a prediction, I would say gold goes way over 1000 in the coming years

Ken-ST Moderator: lol

Cale agreed Ken

Ken-ST Moderator: to obscene levels

Dan Cale, are you going running with your shorts?

Cale I think there will be a bit of a pull back but, up up up

Ken-ST Moderator: there is a paradigm shift going on

Cale Dan, I am, I have alerts

Cale but not ready to go for my run just yet

duane what kind of paradigm shift?

johnboy does anyone have ideas for a good long term gold/silver holding?

Ken-ST Moderator: Read: The Creature From Jekyl Island

Cale Johnboy, GLD follows the over gold price

johnboy ah, ty Cale

johnboy is gold really at 660? yikes

Cale not sure about the SLV etf, its new

Ken-ST Moderator: The book is an eye opener

johnboy I think that one holds 10 oz of silver

Cale but GLD is 1/10 of the gold price

johnboy maybe Bush will play a game of Othello with the leader of Iran, and the market can get back to good old fashioned irrational exuberrance

Cale wish I jumped into my NTMD play [img id=em-11]

Ken-ST Moderator: lol

James-ST Moderator: Bush - at most he could handle is Hi Ho Cherrio

Ken-ST Moderator: Othello

johnboy maybe Connect Four

James-ST Moderator: stop at three though

Cale James whats Hi Ho Cherrio?

Ken-ST Moderator: Connect Two

James-ST Moderator: Not sure, i was playing a game with my daughter yesterday......you put all the plastic cherries in the tree and spin, and pull off the cherries.

johnboy lmao

Cale [url href=http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&category=2530&item=6043932856]http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&category=2530&item=6043932856[/url]

Ken-ST Moderator: lmao

James-ST Moderator: yep, that is the one

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Dan has logged out

claudia Ken - GWR, SIL and NETL possible type c's?

Cale Ken, does your charting platform show Volume for the S&P?

Ken-ST Moderator Update!

Ken-ST Moderator: [b]STOPPED Consider exit in[/b] [b]NFLX[/b]

limey has logged out

Ken-ST Moderator: No volume

Ferguzoid Ken, I bot DXPE yesterday at $45.26, trigger was $45.30,I stopped out at $45.94. Prior experience told me that there is a 30 min. surge at the end of the trading day, so I noticed a resistance level, bot it back at 45.95,placed a stop after market hours and sold it this morning at $45.8. For a 5% Profit. What is this play called? Does anyone else practice this?(Had only purchased 41 shares to get my feet wet-2nd day with Swingtrades.com)

Cale I was listening to some radio show and he was talking about the volume of the S&P500 compaired to yesterdays

Ferguzoid Sorry sold it at $48.30

James-ST Moderator: vn ferg.......that strategy is called, "Money maker"

Cale very nice Ferg

Cale nice name James but I think he's thinking of a different name

Cale I have heard of that Strategy, but never followed it

James-ST Moderator: er yeah....

Cale dont remember what the name was coined

Ferguzoid Thanks, but is it duplicatable?

claudia Ken NETL type c

Ken-ST Moderator: not sure how you knew that the last 30 min would have a spike

Cale I need to find the book its in

Ferguzoid To tell you the truth I have heard it called "Charlenes Play", coined by Global Tech Soln.-a.k.a. Wisetrade

mac has left the room

Cale still looking Ferg

James-ST Moderator: Can vegetarians eat Animal Crackers?

Cale LOL, NO

majomx has left the room

Ken-ST Moderator: lol

Ken-ST Moderator: Ferg, I have not heard of a strategy like that

Ken-ST Moderator: there must be more to it

Dale made a little today guys thx :) see ya tomorrow

Ferguzoid Thanks, it is in the type C catagory, and I did not intend to hold overnite, thought it would surge the 1%, but it fell short so I held on, with the stop in place

James-ST Moderator: ok dale take care bud

Dale has left the room

claudia Ken can you look at NETL type C?

Ken-ST Moderator: ok Dale take care

Ken-ST Moderator: market stochastics in middle of trend right now

Ken-ST Moderator: It is also near the intraday resistance area of 1315.00 on the futures

Ken-ST Moderator: 1310 area on the SPX

James-ST Moderator: If a mute child swears in sign language, do you wash his hands with soap?

Ken-ST Moderator: I am reluctant to bottom fish right now

Ken-ST Moderator: based on the market

Ken-ST Moderator: other than that the other factors are there

Ferguzoid Gotta go, be back for afternoon trading, happy trading everyone! Theres Gold in them there trades.

James-ST Moderator: ok ferg catch you in a bit?

James-ST Moderator: bit

Ken-ST Moderator: ok Ferg

Ken-ST Moderator: have a good one

James-ST Moderator: If a person has multiple personalities and threatens to kill himself, is that a hostage situation?

johnboy if my deaf dog bites a mime, is that bad, or poetic irony?

James-ST Moderator: lol

Ken-ST Moderator: haha

Ken-ST Moderator: I think NETL would be more subject to sideways trading on the trend break

Ken-ST Moderator: by looking at the market

Ken-ST Moderator: but really hard to say claudia

Cale Johnboy, that was funny

Ken-ST Moderator: if you do take a chance, a stop at lod

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James-ST Moderator: Market dead flat........hugging the 50 ema on 5 minute chart.

duane has logged out

Ken-ST Moderator: anyone ever thought about trading from a near horizontal position?

claudia thx ken

Ken-ST Moderator: sitting down all day is hard on the body

Ken-ST Moderator: tough on posture

Ken-ST Moderator: My last name might be quasimoto in 20 years

rdub my dad doesn;t trade much, but hhe has a standing office desk he works at

rdub looks ridiculous but he'll probably have the last laugh

James-ST Moderator: stand the whole time??? wow

Ken-ST Moderator: I want to build something where I am nearly lying down

James-ST Moderator: well, they have ergonomic chairs, no back, with your knees bent

rdub i think vertical and upside down would be best

Ken-ST Moderator: sounds like a toilet

johnboy what about an anti-gravity room where you just float around the room with your wireless keyboard

James-ST Moderator: you can get a Laz-boy.......4 flat screen monitors mounted on ceiling

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Cale too funny

Ken-ST Moderator: hi leslie

Ken-ST Moderator: wb limey

James-ST Moderator: [img id=em-4]

Ken-ST Moderator: yeah thats what I was thinking James

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Ken-ST Moderator: wb duane

duane hi

johnboy maybe use one of those contraptions where you hang upside down, and while you are up, it's upright, but while you are losing money, you're upside down.........good motivational tool

limey Modem troubles 4% today yeah !! I think I,ve think I finally get it

Ken-ST Moderator: lol jb

James-ST Moderator: awesome limey

James-ST Moderator: PEIX new HOD

johnboy man, time to walk the dogs, but I am afraid. I walked them at the local school yesterday and I guess the kids werr learning how to shot put...it was strange to see 60 people shot putting at the same time......I had to leave, they looked like an army or something.....and the grunts were reminding me of a certain tennis star.....ah, but I digress.....

Ken-ST Moderator: lmao

James-ST Moderator: [img id=em-5]

Ken-ST Moderator: I had a discussion with my friend the other night

Ken-ST Moderator: it was about the gold standard

Ken-ST Moderator: which was abolished in the 70's

Ken-ST Moderator: I was too young to care

Cale but now!!

Ken-ST Moderator: does anyone know what kind of reason was given by the government to go to a fiat money system?

Ken-ST Moderator: basically it is a license to steal

Cale because of the fear of not enough gold to back it

Leslie 1st day in room. Noticed this am that you gave no initial stop. I guess you expect us to set our own based on your rules.

James-ST Moderator: Well, prior the gold standard, the value of the dollar and paper money was subjective anyway......

Ken-ST Moderator: why was it subjective?

James-ST Moderator: No, one could ever cash in paper for gold or silver for decades

Ken-ST Moderator: Leslie, there initial stops on Type B and C are the hod or lod

Ken-ST Moderator: if we move from those levels, we will post it out

Ken-ST Moderator: the Type A has an automatic 1.5% stop

Ken-ST Moderator: yeah for decades James, but what about before they got rid of the standard

Leslie ok. thx

James-ST Moderator: Since late 1800's i believe to avoid "bank runs", back then hundreds would go and try to turn in their paper for gold at banks, thus, causing greater damage by closing the banks......so the value was based on subjective faith anyway.

Ken-ST Moderator: they probably went to fractional money at some point

James-ST Moderator: So, paper into gold was never a reality for almost a century.......

James-ST Moderator: so the gold stadard was a moot point the whole time

Ken-ST Moderator: but the bank runs was based on over leveraging

Ken-ST Moderator: there should have been a central bank backed by gold

Cale okay, so you need to go back in time with a computer and a nice color printer and counterfit the paper money from 1810 and trade it it for gold

Cale right?

Ken-ST Moderator: individual banks were too leveraged, that is why they had bank runs

Cale whats a bank run?

Ken-ST Moderator: when the bank does not have enough cash to give to the depositors

James-ST Moderator: two kinds of bank runs, over legerage of the Great Depression, i am talking a bank run before the 1920's.......when the miners would all try to get gold or silver........

Ken-ST Moderator: because it was all loaned out

bharat ha.. it would be insane going to wamu today and having the atm tell me my money is gone..

James-ST Moderator: I understand "Bank Run" you are referring to of 1920's.......but a run on banks for their gold and silver in the 1800's was a common occurence........

James-ST Moderator: No bank could hold enough gold or silver, or nor was it safe to do so........thus, you see the demise of Silver Notes

ms does anyone else here trade stocks based on cnbc

Ken-ST Moderator: but that is because they were doing fractional money

Ken-ST Moderator: again a form of fiat money

Ken-ST Moderator: where it is not backed by gold

James-ST Moderator: Then tell me, why has this worked for over a century?

ms ceo of hpy was just on and stock moved from 26.4 to 27.1 in 10 minutes

James-ST Moderator: Because currency in every country is subjective value.

Ken-ST Moderator: it will work for a period of time

Ken-ST Moderator: but it always ends in chaos

Ken-ST Moderator: not really ms

Ken-ST Moderator: we offer ideas on how to trade them from time to time

Ken-ST Moderator: but in general no

bharat so you are saying there is a possibility the dollar could decline sharply and we could see chaos.. some time in the future?

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Ken-ST Moderator: the side effect of fiat money is inflationi

Ken-ST Moderator: inflatioin

Ken-ST Moderator: inflation

Ken-ST Moderator: wb dan

James-ST Moderator: Well, if you think that way, that it will end in chaos, they you can say that the average lifespan of an Empire in the course of History is only 200 years........and the US is surpassing that......that is an overly grim view of the US........we are doing fine.

Ken-ST Moderator: because we are past that does not mean we are doing fine

bharat yes, but i would say the US influence globally is on the decline, not just money but everything else as well

Ken-ST Moderator: the feds keep printing more and more money to pay off existing interest

James-ST Moderator: Yes, absolutley, [b]I am saying we are doing fine.[/b]

James-ST Moderator: US Treausries are held by the Saudis and Chinese, ask a Saudi and Chinese where 80% of their money comes from........

Ken-ST Moderator: Ever read "who moved my cheese?"

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the_don hi all

Ken-ST Moderator: and the money is backed solely by the full faith of the U.S. government

James-ST Moderator: The US is booming.......the GDP, stock market, real estate prove it.......bears can claim otherwise, but they have been for years.......

Ken-ST Moderator: who is racking up debt at an exponential rate

Ken-ST Moderator: they will keep printing more money to pay off the existing interest

Ken-ST Moderator: meanwhile, the end result is more inflation

Ken-ST Moderator: right no doubt, fiat money expands economy

Ken-ST Moderator: but only to a certain point

James-ST Moderator: Debt to US GDP is historically very low......again, you can 9 trillion is a lot, but compare it to US GDP.......it is small.

Ken-ST Moderator: as it always does

Ken-ST Moderator: but is GDP growing exponentially?

James-ST Moderator: When Bears talk of debt, they need to bring up the US's abilitly to service the debt......that they dont do. US servicing of debt is very low.

James-ST Moderator: Neither is debt.

James-ST Moderator: Debt cannot grow exponentially, it is growing faster than GDP.....but not unmanageable.

Ken-ST Moderator: compound interest

Ken-ST Moderator: grows exponentially

James-ST Moderator: Total US Debt by annum has never grown exponentially......it has grown, and that is it.

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Ken-ST Moderator: where is the limit as to how much the government can print money?

Ken-ST Moderator: whats up big

bigb whats up ken

Cale Ask Ben

Ken-ST Moderator: the thing I believe there is a paradigm shift going on

Ken-ST Moderator: and we will see what develops over the longer term

James-ST Moderator: As fast as we can........until inflation kicks in.......and then Bernanke better pull the break chord on the train......supposedly, that is his job as train conductor.

Cale RIMM would have been a good Type C

Leslie K&J, If we are looking to go long at a particular price, why not just submit a limit order?

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Ken-ST Moderator: Leslie, the limit orders will execute at that price or better

Ken-ST Moderator: You may place stop orders

Ken-ST Moderator: to get you in if a stock goes UP to a higher price

Leslie Sorry, that's what I mean

Leslie thanks again

James-ST Moderator: GOOG new LOD

Ken-ST Moderator: I think there is a reason why gold is rising

Ken-ST Moderator: and why the dollar has been getting weaker for years

Cale and?

Ken-ST Moderator: because gold is the standard

Ken-ST Moderator: I do not want to hold U.S. dollars

Ken-ST Moderator: I would rather buy gold

bigb me too

Cale yep

Cale buy buy buy

Cale do a monback on GOLD

Ken-ST Moderator: there are too many factors workign agaisnt the U.S. dollar

bigb u still messing around with forex ken?

Ken-ST Moderator: yes big

bigb nice, has that interest strategy been working well?

Ken-ST Moderator: yeah

Ken-ST Moderator: so far

bigb wow, thats awesome

Ken-ST Moderator: 9% so far this month

Ken-ST Moderator: just on interest alone, you will make about 57%

Ken-ST Moderator: in the year

bigb thats crazy, hopefully they dont try to shut you down in some way

Ken-ST Moderator: Im trying to add in a trading strategy to it, that will potentially add between 1 and 15% a month

Ken-ST Moderator: the thing is too you can do this with large sums of money,

Ken-ST Moderator: but

Ken-ST Moderator: I dont know how safe your money is in a forex firm

bigb thats the only thing that worries me

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bigb i wonder sometimes if they are even really making real trades

Ken-ST Moderator: I dont think so

bigb so if your making money their losing money?

Ken-ST Moderator: Imo, there may not be a difference between the demo or live account

Ken-ST Moderator: yeah, thats what i think

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Ken-ST Moderator: the thing is, there is no central market for the Forex

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bigb thats scary, it makes you wonder how long they will let you make money against them if they control the trades

Ken-ST Moderator: each firm has their own quotes

Ken-ST Moderator: yup

Ken-ST Moderator: they are the house

Ken-ST Moderator: you are just a player

Ken-ST Moderator: trying to take money from them

bigb would you be comfortable placing a 100k in one of these firms

Ken-ST Moderator: Did anyone have accounts at Refco before they went under?

Ken-ST Moderator: 100k I wouldnt worry

Ken-ST Moderator: but it depends on what that is worth to the trader

bigb what about a mil though

Ken-ST Moderator: My fear is that they could go bankrupt or something

Ken-ST Moderator: and no one gets their money

Ken-ST Moderator: Mill I start to get uncomfortable

bigb thats what im worried about....if your making a million a year against them, how long can they go if enough are playing one of these strategies

Ken-ST Moderator Profit!

Ken-ST Moderator: [b]1% PROFIT HIT. Consider taking some profits in[/b] [b]PLAY[/b]

Ken-ST Moderator: I dont think the money is really insured

bigb ouch

bigb which service are you using

Ken-ST Moderator: FX Sol

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James-ST Moderator: Market new HOD

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Ken-ST Moderator: wb

James-ST Moderator: Interesting read, for those that fear China will surpass the US as the economic powerhouse......

James-ST Moderator: Take the GDP of both countries today.....

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James-ST Moderator: And say, facto 10% growth for China annualy.......they are at about 8%, and 10% is unreasonable for a sustained period of time.......

James-ST Moderator: And say 3% for the US.......

James-ST Moderator: For China to catch up to the US at 10%, which again is unreasonable.........

James-ST Moderator: It would take them until 2039

James-ST Moderator: Realistically, even at 6% growth.....which isnt that realistic actually, it will take China until 2064 to catch up to the US......

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James-ST Moderator: So, by the time we are 90-100 years old, China should be the economic powerhouse.

James-ST Moderator: China is booming no doubt......but what you dont see is the 900 million peasants making $1300 annually........

Dan so technically they will be able to buy starbuck's.

James-ST Moderator: Thre reason Gold is at $640 is simple, China and India are gobbling it up.....just like platinum, sugar and everything else.

James-ST Moderator: lol dan

James-ST Moderator: When a Chinese woman is married, everyone pins gold on her gown......if of the the 600 million chinese woman only .5% get married......that is still 5 million Chinese women.....lets say the Chinese are real cheap and only pin a couple gams......maybe 8 ounces total (according to TLC it is actually several pounds)......that is still Chinese buying 2.5 million pou[img id=em-5]nds of gold a year for marriages......

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James-ST Moderator: And the Indians as well......buying gold like mad for marriages and jewelry purposes.......

Ken-ST Moderator: well even more reason to buy gold

Ken-ST Moderator: throughout the ages gold has been it

Dan I may consider marrying a Chinese woman now.

Ken-ST Moderator: I may consider marrying a few

James-ST Moderator: Gold is cheap.......thousand dollars an ounce in the 70's??? that would be like 2 thousand an ounce today probably

Ken-ST Moderator: yup

James-ST Moderator: Useless facts.......

Ken-ST Moderator: I think I will implement fiat money in my neighborhood

James-ST Moderator: Gold is the only element that is not destroyable.

James-ST Moderator: There is as much Gold today as there was 1 million years ago.

johnboy unless you swallow a filling

hanzsolo long sil

James-ST Moderator: lol

Ken-ST Moderator: cool hans

Ken-ST Moderator: hanz

James-ST Moderator: Useless fact 2: What is the only food that does not spoil?

James-ST Moderator: well besides twinkies and spam

Ken-ST Moderator: Fruit Cake

johnboy seaweed

Cale James, thats not true

James-ST Moderator: nah, those spoil with moisture

Cale there is more gold on the moon now then there was 1 million years ago

Ken-ST Moderator: lmao Cale

Cale and all the gold used on other space flights

Ken-ST Moderator: thats true

James-ST Moderator: Honey, found with Egyptian Pharoahs was still edible after thousands of years.

James-ST Moderator: ah true cale.

johnboy what a lousy job, taste this, it's 3 thousand years old, we'll see how long you live

Ken-ST Moderator: what about vinegar?

Ken-ST Moderator: lol jb

James-ST Moderator: dunno, i dont think anyone had a chance to test vinegar for a long period

Ken-ST Moderator: its nearing the 1:00 turn time

Ken-ST Moderator: looking at the market stochastics we may not have early alerts

James-ST Moderator: KOMG new HOD

Dan I have a bottle of balsamic that is 70 years old.

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Ken-ST Moderator: Japanese like to eat this thing called Natto

Ken-ST Moderator: fermented beans

Ken-ST Moderator: I dont think that thing can spoil

bharat fermented like pickles?

Ken-ST Moderator: Damn things smells as spoiled as it can get

bharat ha

Ken-ST Moderator: GA Mick

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Ken-ST Moderator: wb

Ken-ST Moderator: lol, guy said Ken Lay was acting like a kid who was never told No in his life

Ken-ST Moderator Update!

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]UTHR 55.74[/b]

James-ST Moderator: KOMG new HOD.........

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James-ST Moderator: yeah limey, funny no one brings them up......Bush and Lay are buddies......Lay gave millions to Bush.....

Ken-ST Moderator: lol, and he keeps insisting the demise of Enron was due to short sellers

johnboy what are you talking about Limey, it's not like Lay or Enron contributed hugely to the Republicans or anything sordid like that! nothing unusual, nothing to see here, next topic...........lol

JP NETL at LOD?

James-ST Moderator: hahahha

James-ST Moderator: [i]keep moving[/i]

JP AMED at HOD?

Ken-ST Moderator: lol

limey I think when to Dems get control in Nov they will impeach

brady am in amed

Ken-ST Moderator: NETL has potential, the only thing I am looking at is the 50 day EMA and recent support near the current levels

James-ST Moderator: NETL....right at 50 day ema...........could be support

Ken-ST Moderator: 38.34 initial stop if you do

Ken-ST Moderator: AMED big green candle on daily

Ken-ST Moderator: impressive

brady i got in amed at 34.20!

James-ST Moderator: vn brady

brady ty

James-ST Moderator: over a point

susan James, would you call HItt a type c?

brady yes sir

Ken-ST Moderator: gj Brady

susan HITT

brady thanks ken

Ken-ST Moderator: Market is near overbought if anything right now

Ken-ST Moderator: not ideal for Type C longs

susan ok thanks

brady 1.74 on AMED

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hanzsolo anybody get some sil

hanzsolo up a buck

Ken-ST Moderator: great call hanz

hanzsolo i think it goes back to the 200 day

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Ken-ST Moderator Update!

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]DXPE 49.09[/b]

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Ken-ST Moderator: wb

tryhard thanks

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blk_lbl very nice on the 4% guys

James-ST Moderator: ty blk

blk_lbl i should reallly stop going to class

Cale hi blk

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James-ST Moderator: Questions or comments? Anything of note?

blk_lbl hey cale, any RIMM shorts?

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Cale nah

James-ST Moderator: AMED HOD could work out.....appears a little overbought.......

Cale Shorted KOMG at 42.07

Cale does that count?

James-ST Moderator: We will avoid, but if you enter we can help with stops

James-ST Moderator: AMED would be a trigger here......

James-ST Moderator: 35.74 best stop if you are in

James-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]DXPE 49.09[/b]

James-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]DXPE 48.69[/b]

Cale Large Spread

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James-ST Moderator: nickel or so.....very small for a 50 dollar stock

James-ST Moderator: that movie Poseidon coming out......looks interesting

Cale oh I was showing .17

James-ST Moderator: [img id=em-5]

Cale are the tables on the Left updated?

James-ST Moderator: yep

Cale I am here to keep you on your toes

James-ST Moderator: ah, could