05/30/06 Chat Session

Cale: Morning Ozzy

James-ST Moderator: gm all

georgie: Morning everyone

ozzy: gm

Cale: Morning James

Cale: Good Morning Georgio

Ken-ST Moderator: gm all

Cale: Good Morning Ken

Ken-ST Moderator: gm Cale

jg: hi eveyone! hope all had a great holiday weekend!

claudia: gm everyone

moof: Good morning all!

James-ST Moderator: gm limey, rdub, moof, claudia, jg, allegro, pen, georgie.

Cale: I had a nice weekend JG, thanks and you?

Ken-ST Moderator: gm Pen, allegro, jg, claudia, moof, rdub, limey

Cale: Morning Claudia

Cale: hi Moof

rdub: gm James, Ken ...gm everyone

j5: gm all

Cale: hey j5

Cale: is that short for Johnny Number 5?

j5: hey cale what up

j5: yeah, that's it, johnny5 is too long

Cale: still fightning this head/chest cold

Cale: lol

Cale: it can never be too long

j5: boy, hope you get better, i hate headaches

claudia: gm cale

jg: hey cale yep...great weekend..thanks..lets have a good short week!

moof: morning cale!

Cale: Short.... ya still feels like Monday

rdub: ADBE hit 28.75 pre-market ... does that change anything, Ken/James?

jg: it sure does......good thing..it's not!

James-ST Moderator: gm vikm, jp, j5

j5: hey james

Ken-ST Moderator: we will see at the open rdub

A Knight Templar: gm

claudia: LRCX?

claudia: MFLX?

JP: CGPI

claudia: GM?

claudia: NCTY?

James-ST Moderator: gm waso, knight, cnin, ms

waso: gm all

Ken-ST Moderator: NCTY, GM, MFLX back into recent range

cnin: gm

Cale: heheh Bush taps Hank

James-ST Moderator: lmao

James-ST Moderator: screenshot

doc: gm gang

Cale: Hey Doc, good Morning

Cale: have a good weekend Doc?

doc: hey cale

doc: still alive

James-ST Moderator: gm kvr, doc

mac: gm

James-ST Moderator: gm mac, julie

claudia: DAKT?

Cale: LOL again!!

Cale: didnt we hit that one out of the park Friday?

jj31: gm, Ken, James, everyone

jy: gm

Ken-ST Moderator: DAKT gapping into the p/d range

Ken-ST Moderator: gm everyone

alex: gm!

James-ST Moderator: gm alex, jy, jj, victor

Ken-ST Moderator: gm Dan , djg, and everyone I have missed coming in

James-ST Moderator: gm dan, djg

Ken-ST Moderator: gm blk

Ken-ST Moderator: Hope you all had a great weekend.

Ken-ST Moderator: Lets do a market assessment:

James-ST Moderator: gm pepe, blk

Cale: lets

Ken-ST Moderator: Daily chart:  above the 5 day EMA, stoch in uptrend

blk_lbl: gm

Ken-ST Moderator: Hourly chart:  flat to down

Ken-ST Moderator: 5 min chart:  uptrend

Clyde-Harmon Trading: gm everyone

Ken-ST Moderator: There is a neutral to slight downtrending bias too the overall market.

Ken-ST Moderator: Futures are currently down  about 4 points

Ken-ST Moderator: we still view the recent rally in the market as a rally in an overall downtrend

Ken-ST Moderator: we will be keeping our eyes on the 20 day EMA as possible resistance area to the daily chart

jose: gm Ken, James, everyone!

majomx: Gm everyone

James-ST Moderator: gm majomx, hobo, jose jen

Ken-ST Moderator: gm Clyde, Jen, jose, alex, Majomx

Ken-ST Moderator: ok gang, not much moving this am

Ken-ST Moderator: small list

Ken-ST Moderator: it may be a slow week

claudia: diod?

Ken-ST Moderator: take things slow, and conservative

claudia: lufk?

Jen: gm

allegrobob: fmoc tomorrow

Cale: Good Morning Jen

Ken-ST Moderator: will keep eye on those cbat, but its still in recent range

Cale: *** Good Trades Everyone ***

j5: ADBE still valid?

Ken-ST Moderator: [b]Watching for Type A Short on[/b] [b]ADBE 28.77[/b]

Ken-ST Moderator: [b]Watching for Type A Short on[/b] [b]ADBE 28.77[/b]

Ken-ST Moderator: [b]Watching for Type A Short on[/b] [b]ADBE 28.77[/b]

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]CGPI 13.71[/b]

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]CGPI 13.71[/b]

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]CGPI 13.71[/b]

Ken-ST Moderator: [b]CANCEL ANDE WATCH[/b]

jg: cxl adbe or ande?

Ken-ST Moderator: ANDE

Ken-ST Moderator: Spread too wide

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]LRCX 43.49[/b]

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]LRCX 43.49[/b]

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]LRCX 43.49[/b]

jg: you cxl'd adbe on left not ande

j5: lol

Ken-ST Moderator: ok ty

Ken-ST Moderator: sorry about the confustion

blk_lbl: lvs

Ken-ST Moderator: confusion

JP: ADEX?

Ken-ST Moderator: looks like some sort of buyout

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]CTXS 37.71[/b]

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]CTXS 37.71[/b]

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]CTXS 37.71[/b]

Ken-ST Moderator: WB

Ken-ST Moderator: CTXS is close

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]CTXS 37.71[/b]

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]CTXS 37.71[/b]

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]CTXS 37.71[/b]

allegrobob: klac

Ken-ST Moderator: KLAC back in the p/d range

Ken-ST Moderator: sorry, recent range rather

James-ST Moderator: GM RUBE

Rube: Good Morning.

Ken-ST Moderator: gm rube

Ken-ST Moderator: Calm down everyone

blk_lbl: lol

Rube: sorry ill try to be more mellow

Ken-ST Moderator: I'm having a terrible time with my charts and quotes today

blk_lbl: can't contain my excitement

Rube: dont tell us that ken... that's stuff that it's better we dont know

georgie: I'm having trouble with my charts too

blk_lbl: it's alright he's got the crytsal balls as backup

blk_lbl: too early in mornign for spelling accuracy

j5: is that ken's mutant power?

Ken-ST Moderator: ah ok, its all good now

Ken-ST Moderator: lol

JP: LRCX HOD?

Ken-ST Moderator: Yes

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]LRCX 44.23[/b]

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]LRCX 44.23[/b]

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]LRCX 44.23[/b]

kvr: ken:idcc a long intraday?

Ken-ST Moderator: One sec

A Knight Templar: CGPI is moving!!!

Ken-ST Moderator: its in the middle of its day range on IDCC

Ken-ST Moderator: It is a short at a new lod if anything

Ken-ST Moderator: gm birddog

James-ST Moderator: gm bird

jy: CGPI coming back up despite the market

birddog: gm Ken, James everyone

Ken-ST Moderator: trying to get on a good server

j5: hah?

A Knight Templar: Ken James is CGPI still valid?

j5: what do you mean, ken?

JP: Stop on CGPI if triggered?

Ken-ST Moderator: CGPI still valid

JP: Looks huge

James-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]LRCX 43.49[/b]

James-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]LRCX 43.49[/b]

James-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]LRCX 43.49[/b]

Ken-ST Moderator: 13.42 possible stop

Ken-ST Moderator: if triggered

limey: just got 1% out of CGPI

j5: cool limey

Ken-ST Moderator: gj

jy: watching ADBE

Ken-ST Moderator: [b]TYPE A Trade (Breakdown). Consider Short[/b] [b]ADBE 28.77[/b]

Ken-ST Moderator: [b]TYPE A Trade (Breakdown). Consider Short[/b] [b]ADBE 28.77[/b]

Ken-ST Moderator: [b]TYPE A Trade (Breakdown). Consider Short[/b] [b]ADBE 28.77[/b]

blk_lbl: nbix

blk_lbl: opwv

julie: l peix

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]CPGI 13.03[/b]

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]CPGI 13.03[/b]

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]CPGI 13.03[/b]

blk_lbl: nano

Ken-ST Moderator: LCRX is close

jg: is lrcx

julie: out peix

Ken-ST Moderator: ty jg

jg: is lrcx valid long at 44.23?

djg610: thanks julie

julie: yw djg

jy: stop on ADBE hod - 28.96 ?

James-ST Moderator: JG YES

Ken-ST Moderator: no jy 29.20

Ken-ST Moderator: We will maintain a loose stop on CTXS at the hod

jg: ty james...i see it now

ms: did LRCX hit 44.24

Ken-ST Moderator: I do see a print there

j5: high of previous 2 5min candles is 44.25

jg: i did get filled at 44.24..earlier ..thats why i was asking lrcx...but i think i'm the only one

victor: i got filled as well

Jen: me 2

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]LRCX 44.23[/b]

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]LRCX 44.23[/b]

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]LRCX 44.23[/b]

RoGeRj: iWAS FILLED ALSO

julie: l tlm

jg: misery loves company   lol.....

j5: keep in perspective

Ken-ST Moderator: sorry about the confusion gang

Rube: did it trigger?

jg: hey...we're in it together!

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]LRCX 43.71[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]LRCX 43.71[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]LRCX 43.71[/b]

julie: l jny

Cale: Hard one to watch this morning

j5: man that LRCX chart is not for those of faint heart

j5: 5min chart

j5: come on baby!

Penfold: rebought in at the rounded bottom on 1 min - 43.91

A Knight Templar: CGPI wants to go higher!!!

Ken-ST Moderator: cool Pen

Penfold: check out the 1min j5... its give you heart

j5: adding...

georgie: watching IDT

Penfold: keep an eye on CGPI... creeping up again...

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]CGPI 13.71[/b]

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]CGPI 13.71[/b]

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]CGPI 13.71[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]CGPI 13.29[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]CGPI 13.29[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]CGPI 13.29[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]CGPI 13.49[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]CGPI 13.49[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]CGPI 13.49[/b]

julie: l cern

Penfold: market rounding up from LOD

Cale: Looks like it

Cale: not sure we will have a Green day though

Cale: any reports out today?

julie: stp cern

j5: boy, that CGPI

Penfold: don't need green, just move up fromhere...

j5: aha! back down of course

j5: this would be great for "adding" if I didn't know any better...

gd: lrcx moving

Penfold: look for it to confirm this local bottom... if so, rebuy J5

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

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

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

Penfold: that was NOT a rounded bottom :)

Cale: hehe

Penfold: anyone get thrown from CTXS on that bad 30 cent spike?

j5: not yet

Penfold: good... that was a nice 10k buy...

julie: s ande

julie: out jny

j5: pen I need a spike the oter way :)

Penfold: onlu if you can get filled on it :)

spx1280: gold, oil and natural gas stocks look strong

j5: ok, throwing the towel

James-ST Moderator: y, commodites showing some strength

James-ST Moderator: Dow -100

Cale: ouch

ms: Julie, thanks for  ANDE and TLM  got 1/2%  on each

spx1280: airlines, internet and telecoms are getting hammered

julie: yw ms

julie: wtg

djg610: Julie   still in tlm?

julie: out 1/2 ande

julie: djg out tlm

djg610: thanks

julie: out ande

djg610: nice call on ande

Ken-ST Moderator: gm bear

bearrally: morning Ken

spx1280: Utilities are rebounding

julie: slooooooooooo

julie: bbl

julie: beachtime break

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

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

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

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

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

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

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

James-ST Moderator: cale, how was X3?

James-ST Moderator: or anyone

j5: any stop udates on CTXS or ADBE?

Cale: Twinkie time Jullie?

Cale: didnt see any j5

allegrobob: twinkies and cookies

j5: thanks cale

blk_lbl: julie went to the beach

blk_lbl: vamanos a la playa

j5: already, kind of call aint it

Cale: ah with her Twinkies?

Ken-ST Moderator: ADBE and CtXS we will keep the same stops

j5: lol I meant cold,

birddog: x3 was horrible

bearrally: why the drop today?

blk_lbl: penn

j5: thanks ken

Ken-ST Moderator: if you want a tighter stop on either, HOD on ADBE and 37.90 on CTXS

Ken-ST Moderator: what was so bad about X3?

James-ST Moderator: bird, gah.......

James-ST Moderator: cale you saw it too?

Cale: Loved it

Cale: sorry Birddog

James-ST Moderator: [img id=em-6]

Cale: it wasnt as good as the 1st two but I still enjoyed it

Ken-ST Moderator: no Type C setups yet

James-ST Moderator: broke box office records , although this is suppose to be it.......when you make money like that you know they will mae another eventually

Cale: I have a crush on Jean Grey

JP: I think they said this is the last Xmen flick because Fox's ownership of the license is up.

Cale: Famke Janssen

Cale: shaaaaawwwing

JP: Did you watch Nip / Tuck Cale?

James-ST Moderator: Market new LOD

James-ST Moderator: Famke has been around for years, she doesnt age.

James-ST Moderator: CGPI would be lunch hour short trigger here

Ken-ST Moderator: Famke is hot

Ken-ST Moderator: gm Jeff

jeff: gm

James-ST Moderator: gm jeff

j5: another market LOD

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

bearrally: :) :) :)

bearrally: 300 points today i think

JP: Are we oversold?

bearrally: we are way overbought

James-ST Moderator: jp, not quite on5 minute cahrt

Ken-ST Moderator: what time fram bear?

bearrally: lol

bearrally: i shorted at close on friday

bearrally: so market alaways overbought

bearrally: lol

James-ST Moderator: on the bear time frame we are always overbought

bearrally: lol

bearrally: can you imagine what will happen to us if bank of Japan going to raise rate?

blk_lbl: i'm with you bear

blk_lbl: gloom and doom

blk_lbl: my TIE short is finally looking tasty

bearrally: i am not gloom and doom, but the overall picture is very ugly

Ken-ST Moderator: still in from Friday blk?

blk_lbl: well i am then

blk_lbl: yep

blk_lbl: TIE way down today

j5: ok cya all tomorrow

Ken-ST Moderator: ok j5

Ken-ST Moderator: Any questions?

Ken-ST Moderator: wb cbat

Ken-ST Moderator: CGPI new lod

James-ST Moderator: CGPI new LOD

Ken-ST Moderator: any interesting stories from this past Memorial day?

Ken-ST Moderator: hi ozzy

claudia: ty ken

Ken-ST Moderator: scanning for Type C buys

ozzy1: hiyas had poweroutage

Ken-ST Moderator: any questions gang?

Ken-ST Moderator: seems like snoozer today

Ken-ST Moderator: wb

Cale: Q:

Cale: can I really Sleep when I am dead?

Cale: because thats what I am hopping

Ken-ST Moderator: lol

Cale: blk did you drink the new Jack this weekend?

blk_lbl: new jack????

blk_lbl: what you be speaking about?

blk_lbl: i'm scratching my head over here

blk_lbl: there's new jack to be had

doc: hey cale were already dead ,yes we are sleeping and are spirts are tortureing us

blk_lbl: they haven't changed the recipe since like 1904 or something

doc: and  were married to silvia

blk_lbl: lol

blk_lbl: she's hot

Ken-ST Moderator: lol

blk_lbl: as hot as famke janson or whatever

doc: blk your in this deal too

blk_lbl: what deal is that doc?

doc: i just need some jack blk and i will be ok

James-ST Moderator: Questions or comments?

James-ST Moderator: CGPI turned into a nice lunch hour trigger

blk_lbl: me too doc me too

Cale: Doc, thats Hell isnt it?

Cale: blk Jack has a new product

blk_lbl: ???? what is it

blk_lbl: i've been drinking old jack with that new coke drink blak

blk_lbl: freaking good

blk_lbl: jacks and blaks

Cale: new Coke?

James-ST Moderator: super expensive, i saw that, what is that about blk?

James-ST Moderator: more sugar and caffeine?

blk_lbl: you guys should totally try it

blk_lbl: it's just coke with a sugary coffee kinda flavor

blk_lbl: sounds gross but is really good

blk_lbl: with jack

blk_lbl: a little 4 pack is like 6.70 or something thouh

blk_lbl: u b right ken. really spensive

blk_lbl: each bottle only 8oz

James-ST Moderator: yeah, super expensive......

James-ST Moderator: but, i did see a lot of people buying it other day, so there must be something to it.

spx1280: ken, I see that your gap plays consist in waiting for the stock to break through the 10 minute opening range. Do you ever set a time filter, likke seeing if the stock trades for at least 5 minutes up/below the range to take a position?

James-ST Moderator: spx, to extend a gap, we wait for a small pullback......

blk_lbl: cale what's that new jack drink?

James-ST Moderator: to fade a gap (go opposite of its mornign move), we wait for a touch of the 5 ema on the 5 minute chart, and 1 or two bars of consoldidaiton to set a trigger

spx1280: thanks

James-ST Moderator: Taking lunch here gang.....

Cale: where are you taking your lunch James?

allegrobob: lrcx turned green

Ken-ST Moderator: Im back

ozzy1: wb

jy: Stop on CTXS short ?

Ken-ST Moderator: we still have it at the hod jy

jy: ty

georgie: Basically Ken, I know nothing, I just take your advice and look at charts but I don't know how to interpret them etc..  I'm not in direct access yet, should I set up an account with Harmon Trading first?

gd: lrcx...nice lunch time move

Ken-ST Moderator: Harmon is good

Ken-ST Moderator: they have their advantages

Ken-ST Moderator: especially for traders concerned with Pattern Day Trading resitrcutions

Ken-ST Moderator: restrictions

Ken-ST Moderator: basically they have none

Ken-ST Moderator: Hi anna

annabellab: Hi Ken!

Ken-ST Moderator: just woke up?

Cale: Sleep, whos Sleeping? you can sleep when your dead

Cale: right doc?

Ken-ST Moderator: lol

Ken-ST Moderator: sleep is over rated

Ken-ST Moderator: who needs it

blk_lbl: that's might freaking motto

blk_lbl: insomnia is my friend

blk_lbl: might = my

annabellab: yeah... hard to wake at 3:00am....

Ken-ST Moderator: weather has been great

Ken-ST Moderator: Birddog, did you catch the UFC this weekendA?

Ken-ST Moderator: or anyone?

annabellab: beautiful...

doc: cupcake i can tell no body paying any atention to us were dead and sleeping

djg610: allesio sanchez very cool ending

Ken-ST Moderator: yeah

Ken-ST Moderator: never saw that before

Ken-ST Moderator: props to allesio though

Ken-ST Moderator: good D

djg610: would have felt bad for gracie if he didn't make over a million

Ken-ST Moderator: it was all about the money

Ken-ST Moderator: wb majomx

djg610: i thought allesio should have won   he could have been more aggressive but sanchez did no damage

majomx: thnx

Ken-ST Moderator: yup, I agree

Ken-ST Moderator: but Allesio didnt do anything to cause concern.

blk_lbl: joyg

Ken-ST Moderator: Sanchez got in better shape since last one

djg610: brandon vera is fun to watch    i like the guys with good muay thai   he likes the high kicks

djg610: true with allesio

Ken-ST Moderator: JOYG choppy range

blk_lbl: good range riding stock

Ken-ST Moderator: Lister fight was ok too.  Didnt think he could finish the triangle off with the guys arm under him

Ken-ST Moderator: market so dead right now

dks13827: gracie was the greatest.. the best.... what happened though in this fight ??

djg610: arm under him made it easier that is the hand he would use to handfight the choke

djg610: lister looked good

dks13827: i didnt get to see it..   gracie choked out ?? how long ??

Ken-ST Moderator: usually thats the arm that goes across his neck to close the choke

Ken-ST Moderator: must have been tight

Ken-ST Moderator: Gracie had no chance

Ken-ST Moderator: overpowered

spx1280: KEN, do you have a preference for the NAZ? why?

Ken-ST Moderator: better execution system spx

Ken-ST Moderator: traders on better playing field with naz stocks over listed.

Ken-ST Moderator: Listed, your advantage of speed is gone

dks13827: 2 great gracie fights   were  keith hackney the karate guy   he grapped  keiths arm and choked him..  and    severn  first fight..  hoyce leg choked dan  after  10 minutes  underneath dan

spx1280: thanks

Ken-ST Moderator: direct access is a must in day trading

Ken-ST Moderator: you want the superior tools

Ken-ST Moderator: You will get them with direct access platforms

spx1280: but SDOT offers direct access too

Ken-ST Moderator: Harmon Trading :  http://harmontrading.com

Ken-ST Moderator: SDOT expensive and slow

Ken-ST Moderator: There is an inherent flaw with the NYSE system

Ken-ST Moderator: stock is controlled by 1 person

Ken-ST Moderator: so called specialist

spx1280: he is like a referee but with a license to trade, that's unfair

dks13827: ken you like NY stocks for swings  though ??

Ken-ST Moderator: license to steal

Ken-ST Moderator: more like it

Ken-ST Moderator: Its ok , but still we primarily look at Nasdaq

Ken-ST Moderator: That is our first choice

spx1280: even for swing trading?

Ken-ST Moderator: yes

jy: market new lod S&P

jy: market ne wlod

spx1280: ken, can you please describe the charts you use for day-trading (time-frame, indicators)?

Cale: wtod?

Cale: heheh

Cale: spx1280 have you checked out the videos, the are very detailed, but I am sure Ken or james can explain in more detail

spx1280: where are the videos?

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James-ST Moderator: wb me

Cale wb james

James-ST Moderator: ty sir cale

Cale i did but it was slow

James-ST Moderator: market new lod

blk_lbl pnra

cabajg has entered DayTrading Chat

Cale has logged out

Ken-ST Moderator: well cabajg

jy how's this market doing ? ken/james.

James-ST Moderator: Below all emas....stochastics are down

jy ty

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

James-ST Moderator: Big  picture, on daily, the bounce on Thursday and Friday, was not much considering the SPX dropped enarly 100 points in the last tw weeks

James-ST Moderator: hey its Dr. Ruth's sister!

A Knight Templar Who the hell is this lady on CNBC?

James-ST Moderator: lmao

James-ST Moderator: hahahahha

James-ST Moderator: cartoon character

A Knight Templar Exactly James Dr. Ruth's sis with more of a German accent!!!

blk_lbl dudes! old mother hubbard is back!!

blk_lbl SHE STRIKES AGAAAIN

A Knight Templar Frau Westhimer!!!

James-ST Moderator: god.........this is terrible........screeching voice

blk_lbl hilariuous

blk_lbl are all old german ladies like that?

blk_lbl I'd shoot myself

doc silvia's mother cales mother-in-law

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

blk_lbl holy crap where do they find these people

jy the DOW started to come down this morning whne GM and WMT started to decline and then the snowball started to roll since there is not that much confidence in  the market anyway. that's my thought

blk_lbl i also agree that last week's correction to downside is still intact

blk_lbl we still don't know what fed will do

blk_lbl they laugh at you because of your voice

A Knight Templar I am laughing Evelyn!!!

doc blk that did it wheres the jack?

blk_lbl lol

blk_lbl passing a jack & blak over right now

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doc thank you sir i owe you one

blk_lbl nah... i've got tons of the stuff

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doc where is johnboy hope the bear didnt get him??

Ken-ST Moderator: lol

Ken-ST Moderator: he's probably working overtime

Cale has entered DayTrading Chat

Cale wb me

Ken-ST Moderator: wb

blk_lbl WELCOME BACK CALE

doc wb

Ken-ST Moderator: ok gang, we are coming out of hte lunch period

Ken-ST Moderator Update!

Ken-ST Moderator Update!

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]CGPI 12.72[/b]

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]CGPI 12.72[/b]

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]CGPI 12.72[/b]

Ken-ST Moderator Update!

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]CTXS 38.03[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]CTXS 38.03[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]CTXS 38.03[/b]

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Ken-ST Moderator: WB

Cale ty blk

Ken-ST Moderator: ADBE moves so friggin slow

Ken-ST Moderator: I need to step away for 15 minutes

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

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spx1280 never been a big fan of the TRIN nut it is in the high of the day

blk_lbl i tried using that for a while

blk_lbl didn't seem very helpful

James-ST Moderator: TRIN?

spx1280 oui

jy market ne wlod again

jy ADBE getting there

bearrally jy, thursday and friday were perfect.

bearrally they waited for real money to be on sideline and brought the market up

jy yes. bear, how are you doing wiht those shorts and puts of yours ? Which ones did you do ?

blk_lbl yah how much you make on spx short today there bear?

bearrally shld, goog, cme, all the futures

blk_lbl or spy i guess

bearrally are most heavy

jy are you taking some profit now ?

bearrally rest are little

bearrally tomorrow

bearrally still have my gold short at 700

blk_lbl nice on gold

blk_lbl they are predicting more correction before long term hike to 1000

bearrally there should be a 300 points day coming in.  That is when i think market is oversold

bearrally blk, gold will get there and probably higher

bearrally china central bank stated that they need more gold reserves

bearrally not buying us or euro

James-ST Moderator: Dow -147[img id=em-5]

blk_lbl TIE volatility is amazing

blk_lbl was down over $1400 on my short at open

blk_lbl now I'm profit

James-ST Moderator: vn blk, way to stick with overall market trend

blk_lbl yep

bearrally congrat blk

blk_lbl thx

Cale ya not a green day

Cale thats the way to hang in there BLK

blk_lbl i'm hanging in there for my explanation of this mysterious new jack drink

blk_lbl .....

ms what is % exit for type A

bearrally James, so where do you see the trend?

James-ST Moderator: Overall bear?   In a downtrend until otherwise.......

gd tie new lod

James-ST Moderator: Note the Daily SPX, market bounced Thursday and Friday right to 50 ema........

James-ST Moderator: Prior to two weeks ago, the market remained above the 50 ema since Decemeber of last year........two weeks ago we dived below......and entering summer months......I wouldn't be surprised if this market trends lower for a good 3-5 months.........minimum.

James-ST Moderator: If the market makes a new high in the summer months......beer and steaks are on me.

Cale okay James I will hold that to you

jy james, i agree. the only wild card is the Fed rate.

spx1280 I hate to admit that you're right... buying puts is a better bet now

Cale will you fly us out there too?

James-ST Moderator: cale, yes, and bear will put the whole room up at Caesar's.....comp food too

Cale now that would be sweet!!!

James-ST Moderator: yep

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doc cale we would be alive again

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Cale hummmm

spx1280 I'm considering to buy puts on X, TIE and BA at the closing bell

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James-ST Moderator: KOMG was a swingtrade for us a few weeks ago......note on daily........stochastics are down, and on verge of clearing that congestion.........40.79 would be confirmation imo

spx1280 amx is another short candidate, I think that Mexico is going through the sink

Ken-ST Moderator: Looking for Type C buys

allegrobob sndk?

Ken-ST Moderator: No real support on Daily

Cale I love to play SNDK

Ken-ST Moderator: although it may work out, we will pass on that

blk_lbl JOYG short

Cale what about RACK blk?

blk_lbl been watching it all day.... you think it's time...

Cale mmmm. maybe not

majomx .

blk_lbl joyg

Cale did it work for you blk?

blk_lbl yeppers

Cale I am going to check out Beav

blk_lbl lmao

Ken-ST Moderator: lol

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

doc cale how does beav look??

Cale With all the sadness and trauma going on

In the world at the moment,

It is worth reflecting on the death of a very

Important person, which

Almost went unnoticed last week.

Cale Larry LaPrise, the man who wrote "The

Hokey Pokey" died peacefully

At the age of 93. The most traumatic part for

His family was getting him

Into the coffin.

Cale They put his left leg in ....   

And then the

Trouble started.

James-ST Moderator: hahahahhahahha

blk_lbl holy crap that was funny

James-ST Moderator: ok, that gave me a good laugh

Cale Shut up! You know it's funny.

Now send it on to someone else and make

Them smile

doc lmao

blk_lbl lolol

Cale day away from beav for now

blk_lbl very funny

blk_lbl no beav for you today  cale

doc ok!

Cale I know I am bummed

Ken-ST Moderator: lol

Ken-ST Moderator: this market is so dead

Ken-ST Moderator: ADBE just moved a penny

Ken-ST Moderator: I would suggest a stop at entry for that one

spx1280 Ken, on a typical day how many positions do you have simultaneously open?

James-ST Moderator: spx........we had aday recently where we had just one......but a couple weeks ago when market started to steam.....i think we had 6 open positions.....

jy set ADBE stop @28.66 - just want to make some profit on this one. :)

James-ST Moderator: really varies....depends totally on how many stocks qualify and actually trigger

Ken-ST Moderator: It is not often it goes more than 4 at once however

allegrobob anyone have an option on the CNBC comentary

allegrobob opinion (no option - sorry)

James-ST Moderator: BSNBC

allegrobob :)

doc only silvia

Ken-ST Moderator Update!

jy CGPI short @12.72 still valid ?

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]CGPI 12.72[/b]

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]CGPI 12.72[/b]

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]CGPI 12.72[/b]

Cale [b]Dreams of Silvia[/b]

jy ken, you knew what I was going to ask. lol

Ken-ST Moderator: haha

annabellab AMZN short

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blk_lbl is anybody still in ctxs?

Cale its a Bear day thats for sure

Ken-ST Moderator Short!

Ken-ST Moderator Short!

Ken-ST Moderator Short!

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]CGPI 12.72[/b]

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]CGPI 12.72[/b]

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]CGPI 12.72[/b]

Ken-ST Moderator Update!

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]CGPI 13.11[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]CGPI 13.11[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]CGPI 13.11[/b]

Cale 1 hour

julie s wmb

blk_lbl i would short wmd's too

blk_lbl they are overrated

blk_lbl for sure

blk_lbl bushie likes em tho

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Ken-ST Moderator: any questions?

Ken-ST Moderator: market near the lod

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blk_lbl first time i can remember anything trading more activtely than the Qs

allegrobob nice spike  on cgpi

jy CGPI - there was a price down to 12.24 - may be a false one. Ken/James, do you see that @ 3:05 p.m. ?

James-ST Moderator: market new lod

James-ST Moderator: misprint

julie l jcom

Ken-ST Moderator: yes a bad print

julie out wmb

jy ty

blk_lbl nice on wmb

Ken-ST Moderator Profit!

Ken-ST Moderator Profit!

Ken-ST Moderator Profit!

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

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

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

Ken-ST Moderator Profit!

Ken-ST Moderator Profit!

Ken-ST Moderator Profit!

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

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

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

jy finally - on ADBE.

blk_lbl i can't believe you guys made profit on ADBE

blk_lbl that thing never goes anywhere

blk_lbl nice jpb

blk_lbl jopb

blk_lbl job

blk_lbl yay

Ken-ST Moderator: ty

jy I set my stop @ 28.66 and now took profit.

julie stp jcom

Ken-ST Moderator: that took nearly all day

blk_lbl now all we need is ctxs

JP has logged out

Cale have your fingers crossed?

blk_lbl dude i've got my arms crossed on this one

blk_lbl unbelievable

blk_lbl support

alex thank you guys, see you tomorrow

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Ken-ST Moderator: ok alex

Ken-ST Moderator: have a good one

Ken-ST Moderator Update!

Ken-ST Moderator: [b]CANCEL ALL ALERTS[/b]

Ken-ST Moderator: Nothing close

julie l rbak

cnin has logged out

Ken-ST Moderator: any questions?

Cale ya when is the season fanialy of 24?

Ken-ST Moderator: lol

Cale I need to see if edger and cloe hook up

Ken-ST Moderator: lmao

spx1280 last week

Cale what?

Cale no this week?

Ken-ST Moderator: No but Bill wanted to get busy with Karen

Cale oh wait I may have it on my DVR

A Knight Templar has logged out

spx1280 bauer is now enjoying a nice vacation in oriental lands

blk_lbl close your eyes cale

blk_lbl lol

Ken-ST Moderator: yeah I no longer look forward to Mondays

blk_lbl ctxs ctxs ctxs

Cale ya not reading

Cale still wating for the last Smallvill to watch

blk_lbl don't you watch that "housewives of orange county" too?

spx1280 bauer was finally awarded with the much deserved recognition the US owed to him and the Prez gave him an all inclusive vacation to China

blk_lbl i have to leave the house when girlfriend watches that crap

blk_lbl or i start throwing ****

blk_lbl crap

Ken-ST Moderator: Bauer, can that guy ever catch a break?

dks13827 blk     double dittos on leaving the house

Ken-ST Moderator: lol blk

blk_lbl sorry get a little vociferous about those shows

Cale thank god for DVR's

Cale that way the wife can watch her stuff when I am not around

spx1280 but don't worry. the next season has been announced to start next January

blk_lbl no kidding

blk_lbl im sad no more alias

Cale of 24?

Cale next year?

blk_lbl =(

Cale ah man

spx1280 yes

Cale nice vacation for them

Cale I guess if youwork 24 hours straight you can take the rest of the year off

blk_lbl i do that all the time.... and i never get vaca

blk_lbl poor me

blk_lbl self imposed tho

spx1280 you can buy the last 2 epiosides on ITunes for 1.99 each

blk_lbl 160 holy crap

Ken-ST Moderator Update!

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]CTXS 37.95[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]CTXS 37.95[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]CTXS 37.95[/b]

blk_lbl - 160 on dow

Cale can you say bear?

allegrobob -164 but who's counting

Cale its a bare bear

Cale its like fuzzy wuzzy

blk_lbl -163.85

allegrobob where are your shorts?

allegrobob :)

blk_lbl sell sell sell

Cale fuzzy wuzzy was a bear, fuzzy wuzzy had no hair, fuzzy wuzzy wasnt fuzzy was he?

allegrobob quick .52 on jcom

Ken-ST Moderator: Nnice bob

doc in my crack

allegrobob even a brocken clock is right twice a day

allegrobob ty

blk_lbl selly selly selly

blk_lbl safm

blk_lbl BEAV

blk_lbl cale beav

James-ST Moderator: market new lod

blk_lbl wow your cable feed is way faster than mine allegro

blk_lbl i just NOW heard cramer say that clock twice a day thing

doc lol

allegrobob ARG - is he quoting me again?

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Ken-ST Moderator: lol

James-ST Moderator: ADBE new LOD

blk_lbl come on ctxs

allegrobob your even

Ken-ST Moderator: CTXS below entry

James-ST Moderator: Market new LOD

Ken-ST Moderator: with litle time left you consider getting out

James-ST Moderator: Dow -176[img id=em-5]

allegrobob Wow Ken , you need to help me with that patience thing!

jy cu guyys tomorrow. ty for a good day despite the tough market. ty james/ken.

jy has left the room

allegrobob cu tomorrow

allegrobob has logged out

gd bye...until tomorrow

gd has logged out

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James-ST Moderator: CGPI new LOD

Ken-ST Moderator: ok jy

Ken-ST Moderator: take care

Ken-ST Moderator: wb pepe

Ken-ST Moderator: by gd

Ken-ST Moderator Update!

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

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

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

Ken-ST Moderator: no sense in risky anything at this point gang

bearrally where are we going from here?

Ken-ST Moderator: we are still in sideways to donwtrend in overall market

blk_lbl down down down

Ken-ST Moderator: we have been in a countertrend up to the 20 day EMA

Ken-ST Moderator: which is what you want to watch

Ken-ST Moderator: trend is still down on overall market

Ken-ST Moderator: use weakness to scale out on CTXS gang

Ken-ST Moderator: there is just over 10 minutes left

blk_lbl lol made $20 on ctxs

blk_lbl whooho

blk_lbl ooo

Ken-ST Moderator: last time I checkd, that is better than losing

blk_lbl hells yah

birddog has left the room

blk_lbl i'm gonna go fill up my tank with a gallon of gas

Ken-ST Moderator: lol

blk_lbl might actually hit stop

Ken-ST Moderator: sweet

Ken-ST Moderator: slow trading days

Ken-ST Moderator: you need patience

Ken-ST Moderator: and wide stops

vikm has logged out

Ken-ST Moderator Update!

Ken-ST Moderator: [b]UPDATE: Moving stop to entry[/b] [b]CTXS  37.56[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop to entry[/b] [b]CTXS  37.56[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop to entry[/b] [b]CTXS  37.56[/b]

Ken-ST Moderator: everyone should be out already though

Ken-ST Moderator: scale out on weakness

Cale is it Green yet?

spx1280 pale green, tough day

Cale a Red Bear?

dks13827 what a day

Cale and its still falling

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Ken-ST Moderator: any questions gang?

Ken-ST Moderator: thats all she wrote

Ken-ST Moderator: for Tuesday

Rube has left the room

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Ken-ST Moderator: lol

Ken-ST Moderator Profit!

Ken-ST Moderator Profit!

Ken-ST Moderator Profit!

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

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

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

Ken-ST Moderator: apparently it was just waiting for Blk to exit

Ken-ST Moderator: ok gang, any questions?

spx1280 I hate to be bearish but market doesn't look good

Penfold geeze

Penfold manana

Ken-ST Moderator: spx, the trend is what it is

rdub talk about under the wire

spx1280 all sectors look weak

Ken-ST Moderator: market is in dowtrned

spx1280 puts and shorts

Ken-ST Moderator: ending part of last week was typical of bear rallies

Ken-ST Moderator: short and big

majomx has logged out

Ken-ST Moderator: sorry, quick, fast moves up

Cale have a good one all

Ken-ST Moderator: ok gang, heading out

Cale see ya tomorrow

Ken-ST Moderator: see you all tomorrow

Ken-ST Moderator: take care cale

Ken-ST Moderator: take care gang

Ken-ST Moderator: see ya

moof has logged out

Ken-ST Moderator is no longer a moderator

Cale wb

Ken-ST Moderator has logged out

pepe2207 has logged out

spx1280 ??

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