8/8/05 Chat Session
Carson-PDT Moderator: gm Famm, Kehsha
kehsha: gm
James-PDT Moderator: hey fam, kehsha
fammari: good morning guys
Carson-PDT Moderator: Market Review:
Carson-PDT Moderator: Daily chart: Under the 5 day EMA, Stoch are down
Carson-PDT Moderator: Hourly chart: Downtrend
Carson-PDT Moderator: 5 min chart: downtrend
Carson-PDT Moderator: Overall we have a downtrending bias to the market
Scooter has logged out
James-PDT Moderator: hunter
Carson-PDT Moderator: futures look to be gappping up about 4 points, still in P/ D range
fammari: morning guys
Hunter: : gm guys
Carson-PDT Moderator: [b]Gang, hold off on CHKP and BMET for first few minutes of the opening bell. We want to avoid any stray trades below the trigger[/b]
fammari: why i cant see anything here
fammari: now i see
fammari: :)
Carson-PDT Moderator: [b]Watching for Type A Short on[/b] [b]BMET 36.24[/b]
Carson-PDT Moderator: [b]Watching for Type A Short on[/b] [b]BMET 36.24[/b]
Carson-PDT Moderator: [b]Watching for Type A Short on[/b] [b]BMET 36.24[/b]
Carson-PDT Moderator: [b]Watching for Type A Short on[/b] [b]CHKP 21.90[/b]
Carson-PDT Moderator: [b]Watching for Type A Short on[/b] [b]CHKP 21.90[/b]
Carson-PDT Moderator: [b]Watching for Type A Short on[/b] [b]CHKP 21.90[/b]
Carson-PDT Moderator: [b]Cancel DWSN, spread too big[/b]
steve: i've got a one to two cent spread on dwsn
Carson-PDT Moderator: It was nearly .20 at times
Carson-PDT Moderator: CHKP is close
Carson-PDT Moderator: gm Allen
steve: ah, thnaks
allen5: Good Morning
jy: J/C, TOL - short 49.98 ?
Carson-PDT Moderator: Some support noted in the low 49 area
jy: ty cars.
Carson-PDT Moderator: Will reevaluate near the breakdown levels
Carson-PDT Moderator: ty
Carson-PDT Moderator: for bringing tha tup
Carson-PDT Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]LAMR 40.92[/b]
Carson-PDT Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]LAMR 40.92[/b]
Carson-PDT Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]LAMR 40.92[/b]
jy: no sound on LAMR ?
James-PDT Moderator: sound is working jy
jy: o.k. please test
Carson-PDT Moderator: [b]Watching for Type A Short on[/b] [b]CHKP 21.90[/b]
Carson-PDT Moderator: [b]Watching for Type A Short on[/b] [b]CHKP 21.90[/b]
Carson-PDT Moderator: [b]Watching for Type A Short on[/b] [b]CHKP 21.90[/b]
Carson-PDT Moderator: Resistance noted just above on VTIV
Abe: MACR poor volume 21K
Carson-PDT Moderator: We will hold off for now on VTIV
James-PDT Moderator: jy, works ok?
jy: no
James-PDT Moderator: everyone else have sound?
Abe: yes
ally: YUP
Hunter: : ntap @ lod
ee: I have sound
jy: please test one more time
bob120: yes
jy: yes it work snow. ty
James-PDT Moderator: appears to work fine jy
James-PDT Moderator: ok
Carson-PDT Moderator: Avg volume on MACR is 1 mill
Hunter: : forgot the ?
jy: MACR is good for short trigger ?
Carson-PDT Moderator: yes JY
James-PDT Moderator: hey karl
Carson-PDT Moderator: [b]Watching for Type A Short on[/b] [b]MAcR 36.47[/b]
Carson-PDT Moderator: [b]Watching for Type A Short on[/b] [b]MAcR 36.47[/b]
Carson-PDT Moderator: [b]Watching for Type A Short on[/b] [b]MAcR 36.47[/b]
jy: ty
Karl: gm
Carson-PDT Moderator: gm Karl
Carson-PDT Moderator: CHKP is still close
jy: it tough to short with the market moving up pretty good.
Abe: BIDU flying
Carson-PDT Moderator: Stay disciplined gang
Carson-PDT Moderator: We are trading in the P/D range on the market
Carson-PDT Moderator: choppy trading conditions
Carson-PDT Moderator: and the current rally in the market is still noted as a countertrend
James-PDT Moderator: Slow day......
Carson-PDT Moderator: Wake me up when something happens
ak: better be slow than LOW.
ak: lol
Carson-PDT Moderator: [img id=em-8]
James-PDT Moderator: [img id=em-6]
ak: BIDU stealing the show again.
Carson-PDT Moderator: The high on BIDU is 151.21
Carson-PDT Moderator: Shout if you see something interesting
Carson-PDT Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]LAMR 41.76[/b]
Carson-PDT Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]LAMR 41.76[/b]
Carson-PDT Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]LAMR 41.76[/b]
ak: SNDK ??
Hunter: : is ntap a good short @ lod ?
Carson-PDT Moderator: NTAP is coming from a ways away
Carson-PDT Moderator: SNDK not too bad, although market not in favor for this type of play right now
ak: BIDU all time highs, two day high, HOD
ak: lol
Hunter: : ok thx
Carson-PDT Moderator: We will hold off on SNDK AK
James-PDT Moderator: heheh ak.....
Carson-PDT Moderator: but I can see what you are saying
Carson-PDT Moderator: we are in summer and we will be very selective
ee: I am all for selective
ak: Me 2
James-PDT Moderator: LAMR relatively close
ak: CHKP still the leader James. Holding 1st place firmly.
jy: LAMR still good for either long at 41.76 or short at 40.92. looks like moving down ?
Carson-PDT Moderator: Yes
Carson-PDT Moderator: LAMR a break either way
James-PDT Moderator: Market right back to open, stochastics down
James-PDT Moderator: Anyone have stocks of interest? Besides BIDU.......
Carson-PDT Moderator: Lets add KMG to the TYPE B watch
yanni: looking at DNA for a bounce if market cooperates...
Carson-PDT Moderator: gm Njord
James-PDT Moderator: hey njord, you missed all the action
Carson-PDT Moderator: lol
Njord: Ahh i am a little late today
Scooter: LAMR off low?
Scooter: its there
James-PDT Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]LAMR 40.92[/b]
James-PDT Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]LAMR 40.92[/b]
James-PDT Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]LAMR 40.92[/b]
jy: stop on LAMR ?
Carson-PDT Moderator: [b]UPDATE: Moving stop on[/b] [b]LAMR 41.41[/b]
Carson-PDT Moderator: [b]UPDATE: Moving stop on[/b] [b]LAMR 41.41[/b]
Carson-PDT Moderator: [b]UPDATE: Moving stop on[/b] [b]LAMR 41.41[/b]
Carson-PDT Moderator: [b]UPDATE: Moving stop on[/b] [b]LAMR 41.27[/b]
Carson-PDT Moderator: [b]UPDATE: Moving stop on[/b] [b]LAMR 41.27[/b]
Carson-PDT Moderator: [b]UPDATE: Moving stop on[/b] [b]LAMR 41.27[/b]
Carson-PDT Moderator: [b]UPDATE: Moving stop to entry[/b] [b]LAMR [/b]
Carson-PDT Moderator: [b]UPDATE: Moving stop to entry[/b] [b]LAMR [/b]
Carson-PDT Moderator: [b]UPDATE: Moving stop to entry[/b] [b]LAMR [/b]
Carson-PDT Moderator: We are opting to play this tight gang,
Carson-PDT Moderator: summer trading
Carson-PDT Moderator: Market stoch are down, market under the 5 ema
James-PDT Moderator: OIl 63.60.....putting the pressure on the market
Carson-PDT Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]DWSN 28.24[/b]
Carson-PDT Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]DWSN 28.24[/b]
Carson-PDT Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]DWSN 28.24[/b]
bob120: I was stopped out on LAMR. Anyone else
Abe: what was your stop?
Stanley: Im still in it, it hasnt triggered my stop yet...fortunately
James-PDT Moderator: bob, not sure if bid hit 40.92, if anyone else says they were stopped we will record breakeven trade for fairness
Carson-PDT Moderator: Offer rather
James-PDT Moderator: Market LOD
bob120: thanks james
Carson-PDT Moderator: JY, TOL not a bad look but the only thing that concerned me was the two big green candles that bottomed out at the 49 area
Carson-PDT Moderator: with market trading in the P/ D range, choppy trading worries me
jy: cars, ty.
James-PDT Moderator: Market turning red
Carson-PDT Moderator: [b]STOPPED Consider exit in[/b] [b]LAMR Breakeven[/b]
Carson-PDT Moderator: [b]STOPPED Consider exit in[/b] [b]LAMR Breakeven[/b]
Carson-PDT Moderator: [b]STOPPED Consider exit in[/b] [b]LAMR Breakeven[/b]
James-PDT Moderator: Very slow day......and a flat market......don't overtrade.....
James-PDT Moderator: payton
ee: chkp still valid?
Carson-PDT Moderator: Yes EE
Carson-PDT Moderator: [b]Watching for Type A Short on[/b] [b]CHKP 21.90[/b]
Carson-PDT Moderator: [b]TYPE A Trade (Breakdown). Consider Short[/b] [b]CHKP 21.90[/b]
Carson-PDT Moderator: [b]TYPE A Trade (Breakdown). Consider Short[/b] [b]CHKP 21.90[/b]
Carson-PDT Moderator: [b]TYPE A Trade (Breakdown). Consider Short[/b] [b]CHKP 21.90[/b]
Carson-PDT Moderator: [b]UPDATE: Moving stop on[/b] [b]CHKP 22.14[/b]
Carson-PDT Moderator: [b]UPDATE: Moving stop on[/b] [b]CHKP 22.14[/b]
Carson-PDT Moderator: [b]UPDATE: Moving stop on[/b] [b]CHKP 22.14[/b]
James-PDT Moderator: Market new LOD, right back into Friday's range
Scooter: MACR almost trigger
Carson-PDT Moderator: [b]Watching for Type A Short on[/b] [b]MACR 36.47[/b]
Carson-PDT Moderator: ty Scoot
Hunter: : did we miss snic
Scooter: np
Carson-PDT Moderator: The gap play has just 100k volume
Carson-PDT Moderator: but it was a valid play
Carson-PDT Moderator: earlier the spread was questionable at .5%
Hunter: : ok thx
Carson-PDT Moderator: Hello Furio
Carson-PDT Moderator: RIMM near its recent trend lows
Carson-PDT Moderator: wb
fammari: thx
Abe: stop on CHKP 22.14?
Carson-PDT Moderator: Yes
James-PDT Moderator: Wonder where bearrally is........knowing him, he is doing something crazy
fammari: market is dead today
Abe: LAMR LOD
Abe: pos
Carson-PDT Moderator: lets hear it Abe,
Carson-PDT Moderator: lol, ah there it is
James-PDT Moderator: hahahah
bob120: pos i agree abe
James-PDT Moderator: of course......it must first take us out before hitting profit
James-PDT Moderator: [img id=em-9]
bob120: :(
Carson-PDT Moderator: brb gang
James-PDT Moderator: Anything of interest? Anything interest for the past weekend?
James-PDT Moderator: interesting
James-PDT Moderator: Pretty sad, Peter Jennings passing away......was under the impression that he would return
bob120: Was he smoker
Hunter: : is morning session done ?
James-PDT Moderator: yes bob he was
James-PDT Moderator: [b]CANCEL FURTHER TYPE B TRIGGERS[/b]
James-PDT Moderator: he quit smoking 20-30 years ago and picked it up ago for 9/11
James-PDT Moderator: again
bob120: Tobbaco is tough to quit. I've done without for 10yrs. now. I used tobacco for 18 yrs.
bob120: It took a bout with Lymph Cancer to make me quit
James-PDT Moderator: That is good though bob, the thing about smoking is that they say your lungs heal quickly once you quit
James-PDT Moderator: ouch bob
bob120: lymphoma
yanni: bob, I am trying to quit now after smoking for 20 yrs...what a horrible habit..
James-PDT Moderator: Great news gang LAMR hit profit
James-PDT Moderator: [img id=em-11]
bob120: I smoked, dipped, chewed, loved it.
James-PDT Moderator: Good for you though yanni
bob120: I was quite a bear for several months.
James-PDT Moderator: wow, the whole 9 yards
jy: LAMR hit profit at 40.5
bob120: stick with it yanni. It is well worth it.
yanni: thanks James..it is amazing how the body reacts to lack of nicotine...
James-PDT Moderator: yes jy
James-PDT Moderator: really, what are your withdrawal symptoms?
yanni: bob, I am determined this time..will see...my father died from heart attach (smoker)...my mother died from cancer (non-smoker)...odds are against me..:)
James-PDT Moderator: stick with it yanni
James-PDT Moderator: pos LAMR
bob120: All the more reason to stick it. I know it is tough. I would never have quit if i hadn't been in fear of dying.
jy: TOL broke 49 lod 48 now at 49.
Abe: whose turn is it to push CHKP down
bob120: I give it a try
bob120: here we go!!!!
bob120: didnt work
yanni: james, i am always awake by 4 am every day with no alarm...first day with no nicotine, I woke up at 7 am and could not open my eyes...really grouchy all day long, made me really dizzy...went to bed at 7 that night, next morning the same thing...getting better now...
James-PDT Moderator: hey bear
bearrally: what's going on
James-PDT Moderator: small price to pay to quit imo
James-PDT Moderator: very little bear.......what do you have going on?
bearrally: still playing bidu
bearrally: 150
bearrally: can't believe it
James-PDT Moderator: yeah.......you bought at the open?
bearrally: yes
fammari: hey bear...wtsup
bearrally: but got ot
bearrally: fam, how did you do?
James-PDT Moderator: vn bear
fammari: so calm today.... what about u? still in bidu
bearrally: only made 5points
bearrally: fam, yest
James-PDT Moderator: lol
James-PDT Moderator: "only"
bearrally: that's the only actions
James-PDT Moderator: What about the 30 points times 5000 shares friday?
bearrally: yeah, if i would of keep it would have been 80 points today
James-PDT Moderator: dont think like that
bearrally: lol
bearrally: i know
bearrally: should,would,could
bearrally: three taboo words in trading
bearrally: lol
James-PDT Moderator: yep
James-PDT Moderator: "shoulda, woulda, coulda, didnt"
bob120: Looks like lots of sellers at 22.00 on CHKP
James-PDT Moderator: but.......you did and you reaped a ton of profit, so don't look past that
bob120: maybe that will hold.
bob120: 8X87 buyer to seller ratio on CHKP
bob120: bid to ask
James-PDT Moderator: How can Japan's postal service have 3 trillion dollars?
James-PDT Moderator: 3 billion would have been insane, but 3000 billion?
fammari: guys be back in few....
James-PDT Moderator: ok fam see you in a bit
James-PDT Moderator: bear, how often do you go to China?
ak: MACR close
Abe: talk to you guys this afternoon
James-PDT Moderator: ok abe
James-PDT Moderator: [b]Watching for Type A Short on[/b] [b]MACR 36.47[/b]
James-PDT Moderator: Market still flat, Under the 50 ema, stochastics down
James-PDT Moderator: [b]TYPE A Trade (Breakdown). Consider Short[/b] [b]MACR 36.47[/b]
James-PDT Moderator: [b]TYPE A Trade (Breakdown). Consider Short[/b] [b]MACR 36.47[/b]
James-PDT Moderator: [b]TYPE A Trade (Breakdown). Consider Short[/b] [b]MACR 36.47[/b]
bearrally: next two day will be slow
bearrally: shld close to lod
James-PDT Moderator: [b]UPDATE: Moving stop on[/b] [b]MACR 36.81[/b]
James-PDT Moderator: [b]UPDATE: Moving stop on[/b] [b]MACR 36.81[/b]
James-PDT Moderator: [b]UPDATE: Moving stop on[/b] [b]MACR 36.81[/b]
bearrally: looks like bidu game might end today
James-PDT Moderator: could be, in maybe 3 months when it can be shorted we will see it go higher
bearrally: lol
James-PDT Moderator: just like GOOG
bearrally: james, that what i was thinking of doing, buying for the short plays
bearrally: 30 days
bearrally: it's marginable
bearrally: marginable is shortable
James-PDT Moderator: of you can handle the volatility may be worth the shot......those un-american shorts are important to make low float stocks like that go up
James-PDT Moderator: if
bearrally: un-american shorts?
Scooter: u talking about BIDU?
bearrally: you sound like my ex-boss
James-PDT Moderator: yes scoot
bearrally: yes scoot
Scooter: its a short?
bearrally: lol
bearrally: all builders are short right now
James-PDT Moderator: no bear i am joking......we joke that shorting is un-american.....when in reality i think it is un-american to not short and profit from a falling stock
James-PDT Moderator: scoot we are just speculating what will happen when BIDU becomes marginable, BIDU cannot be shorted until then
bearrally: my ex-boss told me that i was unamerican to short
James-PDT Moderator: he is an idiot
ak: Did you fire him Bear?
Scooter: ty
James-PDT Moderator: I brought this up before...more millionaires were created in the Great Depression than lost.......also, when the internet bubble burst many a millionaire was made
James-PDT Moderator: hey kimmronn
bob120: Are you saying you can be long on American Spirit, and still short markets?? ha
James-PDT Moderator: missing a very slow, flat day on the stock market
kimmron_is: hello everybody
James-PDT Moderator: yep.......the american way is to profit.....shorting can be profitable, to deny or limit the market is un-american
bob120: couldn't agree more
bearrally: lol
bob120: I want CHKP to make me a better American
James-PDT Moderator: although, sometimes when i see the manipulation on stocks i wonder how free the market is
James-PDT Moderator: hehehehe
James-PDT Moderator: how was your weekend kimmronn?
bearrally: free market?
James-PDT Moderator: yes, when you see manipulation on stocks you wonder how free the trading market is sometimes
bearrally: shorted shld
James-PDT Moderator: vn
jy: i missed the stop on MACR ?
bearrally: no such things
James-PDT Moderator: 36.81
bearrally: little fish getting eat by bigger fish
James-PDT Moderator: yep
bearrally: i've seen it happen all the time
jy: ty i htought i tmight be at that level.
jy: tight stop less than 1%.
James-PDT Moderator: yes, jy, you know how to place the stops, you probably can set your own
bearrally: alright gang,
James-PDT Moderator: ok bear take it easy
jy: not really -
kimmron_is: James, we had a nice weekend with friends
bearrally: see you all in the afternoon trading
James-PDT Moderator: see you in a bit bear
James-PDT Moderator: very nice kimmron
James-PDT Moderator: Questions or comments?
kimmron_is: James, we were not here during the LAMR trading and it is not clear why you abandoned it. The stop was not triggered and eventually it was anice short call
James-PDT Moderator: kimm, it fell close to target, we lowered the stop to breakeven......eventurally it did stop out at breakeven....soon after it hit profit
jy: J/C, RIMM short 67.12 ?
jy: 67.11
James-PDT Moderator: you may try it jy, looks like you can set a tight stop.........has come a long way today though
James-PDT Moderator: 67.51 might ba real tight stop
jy: yes. i agree. and RIMM can bounce back quick if the market move up
jy: ty
James-PDT Moderator: taking 20 minute lunch here gang
James-PDT Moderator: Questions or comments?
ee: Hey James, I had a question about LAMR. What was the signal you saw to exit the trade at brakeven?
ee: breakeven that is
James-PDT Moderator: ah, usually when a stock nears the target profit goal we lower stop to breakeven.......it doesn't make sense to us to have a stock make nearly a 1% move and having it move back to a losing trade.
James-PDT Moderator: we want to keep a winning trade from turning into a losing trade
ee: ok, thank you
James-PDT Moderator: np ee, wb kimm
James-PDT Moderator: market has remained below the 50 ema since the initial open........about even
James-PDT Moderator: Oil nearing 64 bucks a barrel
kimmron: pbms with my computer
James-PDT Moderator: Keeping the pressure on the market
Carson-PDT Moderator: I'm back
Carson-PDT Moderator: wb Kimmron
kimmron: hi, Carson
Carson-PDT Moderator: any questions?
Carson-PDT Moderator: Market in a ridiculous range today
jy: i was away for a few minutes - is KMG new ? sorry guys.
James-PDT Moderator: no jy, we added this morning, no triggers on it though
jy: ty james. what call do you have on KMG - long at 85.96 ?
James-PDT Moderator: Market new LOD, threatening Friday's lows
Carson-PDT Moderator: wb
ee: thannks
James-PDT Moderator: Market has taken out Friday's lows........looks like we have seen the market top last week........at least temporarily
Carson-PDT Moderator: The warngins signs were there from last thrusday
Carson-PDT Moderator: and the Hourly charts turned into a downtrend last Friday
Carson-PDT Moderator: this should be no surprise
James-PDT Moderator: Market on the daily chart currently trading under the 20 day moving average, next support about 1220
James-PDT Moderator: 50 day moving average
jy: SPX made 52 wek high last Friday, right ?
jy: sorry it's last WEdnesday or thursday ?
James-PDT Moderator: yep
Carson-PDT Moderator: Wednesday
jy: it's 1245.86. and then it back down form that level.
Carson-PDT Moderator: The warning signs came on Thursday, with Daily stochastics in a downtrend, and market close below the 5 day EMA
Carson-PDT Moderator: That alerted us to a possible change in trend coming on the Hourly charts
Carson-PDT Moderator: Friday, the Hourly charts went into a downtrend
jy: so now we have two shorts triggered, th emarket hopefully should help.
James-PDT Moderator: yes, need a little wind on our backs
Carson-PDT Moderator: This is the slowest day in the market that I can remember
Carson-PDT Moderator: Nothing has come up to our attention
bob120: CHKP finally back to breakeven. James, I think I feel a little breeze kicking up? ha
James-PDT Moderator: heheheh, slowly ........
Carson-PDT Moderator: lol Bob
James-PDT Moderator: hey abe
James-PDT Moderator: wb
Abe: howdie
Abe: anything close?
James-PDT Moderator: hmmmmm
James-PDT Moderator: i am close to going to sleep from watching the SPX
Carson-PDT Moderator: Stoch nearly turning up near the oversold levels
Abe: man its dead
James-PDT Moderator: [img id=em-1]
James-PDT Moderator: Market sliding a bit, New LOD
jy: AVID finally broke 52 week - swingtrade.
James-PDT Moderator: [img id=em-10]
Carson-PDT Moderator: are you on it JY?
jy: yes. and it's down ot 39.52. the trend looks o.k.
Carson-PDT Moderator: cool, hopefully it goes down to $2
Carson-PDT Moderator: by tomorrow
jy: i hoep to make 2% like the swingtrade model.
Carson-PDT Moderator: cool......but if it goes down to $2, thats a little better
Carson-PDT Moderator: lol
James-PDT Moderator: Market again threatening LOD......just can't move up with all this oil pressure
James-PDT Moderator: Market new LOD
Carson-PDT Moderator: CHKP near LOD
jy: J/C, didn't short RIMM - ty for the advise. RIMM back upto 68.7.
Carson-PDT Moderator: [b]UPDATE: Moving stop to entry[/b] [b]MACR [/b]
Carson-PDT Moderator: [b]UPDATE: Moving stop to entry[/b] [b]MACR [/b]
Carson-PDT Moderator: [b]UPDATE: Moving stop to entry[/b] [b]MACR [/b]
jy: CHKP trend still o.k. ?
Carson-PDT Moderator: sure is
Carson-PDT Moderator: It is just taking a heck longer than we would like
jy: ty.
jy: pNRA reports earning after tomorrow market close. interstinf for wednesday watch.
Carson-PDT Moderator: Note how the top was formed on that chart
jy: PNRA ?
Carson-PDT Moderator: Yes
Carson-PDT Moderator: Shortly after making new highs, the stock made a very quick move to go under the 20 day EMA
jy: lesson, please. PNRA _ 66.49 52 wk high on June 17.
James-PDT Moderator: Market in dive mode
Carson-PDT Moderator: as we mention many times here, we love watching the 20 ema on all time frames
James-PDT Moderator: Market new LOD
Carson-PDT Moderator: Often times it can market the change in a significant trend change in the stock
Carson-PDT Moderator: Go back and take a look at the major bottoms in the SPX
Carson-PDT Moderator: or tops
Carson-PDT Moderator: you will find that the initial moves made were above the 20 EMA
James-PDT Moderator: Market new LOD
Carson-PDT Moderator: Its relevant on all time frames
James-PDT Moderator: Futures off about 10 points from this morning's highs
bob120: i hope you guys get to ring you bells soon.
James-PDT Moderator: [img id=em-6]
Carson-PDT Moderator: yes, that would wake me up a little
James-PDT Moderator: It's been awhile
Carson-PDT Moderator: [b]UPDATE: Moving stop on[/b] [b]CHKP 22.06[/b]
Carson-PDT Moderator: [b]UPDATE: Moving stop on[/b] [b]CHKP 22.06[/b]
Carson-PDT Moderator: [b]UPDATE: Moving stop on[/b] [b]CHKP 22.06[/b]
Carson-PDT Moderator: wb Scoot
Scooter: ty
Hunter: : Carson ! Carson ! stop the excitement ! please ! my heart just can't take anymore ! lmao
ally: lol hunter
char: it woke me up thanks Hunter lol
ally: somebody needs to start a converstaion here
James-PDT Moderator: hmmmm
ally: watched zoolander last night...anyone seen it?
Hunter: : James wake Carson up before he falls off his chair !
James-PDT Moderator: Good news gang Oil closed at an all time high, we can all expect to pay more at the pump
bob120: Ally, cinematic marvel
Carson-PDT Moderator: lol
Hunter: : lol
James-PDT Moderator: ally, i love zoolander
bob120: cold steel
jy: what channel is zoolander on ?
ally: i thought it was hilarious
James-PDT Moderator: "Anyone can die from freak gas fight"
ally: i can't even remember jy...just found it flipping thru channels
char: I saw it in the movie theatre
James-PDT Moderator: Probably TBS
bob120: small cell phone on will ferells finger
bob120: funny stuff
ally: yeah...tbs sounds right
James-PDT Moderator: lol bob
James-PDT Moderator: "Walk off"
bob120: walk off was good
Carson-PDT Moderator: AVID new LOD
jy: TBS ty.
jy: yes. cars. AVID made 1%
bob120: i have to learn that breif trick
Carson-PDT Moderator: Market surge above the 5 ema, stoch have turned up
ally: lol bob...i thought that trick was a little wierd :0)
ally: who comes up with those ideas i wonder?
James-PDT Moderator: most likely stiller himself
ally: i think he directed the movie
bob120: pretty silly stuff, but i still find myself laughing.
ally: me too...funniest movie i've seen in a while
James-PDT Moderator: yep very enjoyable
Carson-PDT Moderator: alright, I think I have to go out and rent that movie now
Carson-PDT Moderator: So I can join in on the laughter
Carson-PDT Moderator: Isn't Own Wilson in that movie too?
Carson-PDT Moderator: wb JY
bob120: Go see wedding crashers instead
jy: AVID new lod 39.27.
char: yes
jy: AVID new lod 39.26
bob120: yes
bob120: yes, more funny stuff
jy: got log off
jy: hi cars.
jy: can't send messaage
jy: :)
jy: o.k. i guess i can send message now.
Carson-PDT Moderator: Yes, got your message
jy: ty cars. AVID is handsome.
Welcome to ProDayTrading.com!
James-PDT Moderator has entered DayTrading Chat
Room is moderated
You can now talk
James-PDT Moderator has become a moderator
Carson-PDT Moderator: wb James
Carson-PDT Moderator: yes it is JY
Carson-PDT Moderator: Wedding Crashers any good?
bob120 much good
Carson-PDT Moderator: I like those two guys
Carson-PDT Moderator: Vince Vaugh in Be Cool was funny
ally yes cars-- owen wilson is in zlloander
Carson-PDT Moderator: The Rock was surprisingly good in that too
ally zoolander
bob120 missed it
Carson-PDT Moderator: Owen Wilson is funny, love his movies. Although he seems to play the same sort of characters in all of them
Carson-PDT Moderator: Note how by monitoring the SPX we were able to identify the momentum shift in the market
bob120 Carson, I notice that the SPX has made a 50 % retracement on the 5 minute chart. From its previous high at 12:50. What are the odds of it selling off from here?
bob120 Or do you give fib retracement levels any merit?
Carson-PDT Moderator: I am a personal believer of the Fibs, but I don't use it to make any predictions. I just acknowledge that it has relevence
Carson-PDT Moderator: Relevance
bob120 thanks
Carson-PDT Moderator: Move stop to entry on AVID swing trade
Carson-PDT Moderator: Fibs, and Elliot Wave both intrigues me, but it is used more as a predictive tool. It is fascinating stuff imo.
Carson-PDT Moderator: wow, can I sound more nerdy?
ak CIAN
Carson-PDT Moderator: lol
Carson-PDT Moderator: lmao
bob120 I attempt to apply elliot in position trades.
Carson-PDT Moderator: AK, that was quite witty. I dont think anyone got that except for me
ak new entry to our Glossary. Any questions?
ally lol...im a little slow
Carson-PDT Moderator: I actually pulled it up as a ticker symbol first
Carson-PDT Moderator: along with a few others I'm guessing
ally cars...you DID like that napoleon dynamite movie
ak they will all catchup soon .Its a pretty smart group
Carson-PDT Moderator: Ally, loved Napoleon
Hunter : ok I'll bite, CIAN is what ?
Carson-PDT Moderator: TINA YOU COW, COME GET YOUR DINNER!!!!
ally he king of nerds
ally the
ally lol
ally but you gotta love him
Carson-PDT Moderator: Last week sometimes we were going over Chat Room abbreviations Hunter.
Carson-PDT Moderator: Lol, lmao
Carson-PDT Moderator: that sort of thing
Carson-PDT Moderator: common ones
Carson-PDT Moderator: I also brought up JIAN
James-PDT Moderator: bearrally's SHLD breaking down
Carson-PDT Moderator: you know.....James Is A Nerd, JIAN
Carson-PDT Moderator: AK followed today with CIAN
Hunter : ah ok, thats funny ! lol
James-PDT Moderator: how bout this one.......
James-PDT Moderator: IDIOTS
ally lol
Carson-PDT Moderator: or "You got like 3 feet of air that time"
Carson-PDT Moderator: any questions about Technical Analysis, charts, trading?
bob120 What do you mean by that? lol
ally showin our great comedy skills here
ak James we are discussing abbreviations only at tis time
James-PDT Moderator: ah ok
ak We will get to name calling later.
James-PDT Moderator: .......
James-PDT Moderator: hahahahha
ak lol
ally numchuck skills....
ally how do you spell that anyway?
ak Whenever Carson is ready.....
ally numbchuck?
Carson-PDT Moderator: lol
ak with his earplugs on. lol
Carson-PDT Moderator: he pronounced it Numbchucks
Carson-PDT Moderator: lol
bob120 If coach would a put in the state game, things would be different now
James-PDT Moderator: hahahahh
James-PDT Moderator: 4th string qb
ally all this talk makes me want to watch it again
Carson-PDT Moderator: You're just jealous because I'm training to be a cage fighter
ally lol
James-PDT Moderator: hahahahh
James-PDT Moderator: ok stop
James-PDT Moderator: keep the profesionalism of the site to stock talk
ak I am visualizing that Carson
ak You are loking damn FUNNY.
ak lmao
Carson-PDT Moderator: lol
Carson-PDT Moderator Update!
Carson-PDT Moderator: [b]Cancel all alerts[/b]
Carson-PDT Moderator: Any questions gang?
ak AVID came to rescue the day.
Abe done for the day....talk to you tomorow...cheers.
Carson-PDT Moderator: Yes, AVID hit its 2% intraday
Carson-PDT Moderator: handsome
bearrally has entered DayTrading Chat
Carson-PDT Moderator: Ok Abe, have a great evening
James-PDT Moderator: hey bear
Abe has logged out
James-PDT Moderator: we were just noting your short calls on SHLD was coming home
jy should i chnage AVID stop to today's high at 40.75.
Carson-PDT Moderator: You may either do that or set stop to entry
jy ty cars. that's for the secondary.
Carson-PDT Moderator: yes
jy i'' set it at entry. 50/50.
Carson-PDT Moderator: Nice
bearrally like flap always said "a blind squirrel sometime get its acorn"
bearrally lol
char have a good night everybody !
Carson-PDT Moderator: Ok Char
char has left the room
jy hey bear, how's your GOOD options doing ? all sold or still have some.
joseph b have a good afternoon everyone .
joseph b has logged out
Carson-PDT Moderator: BIDU taking a dive
Hunter : take care guys, gang, have a good evening
Hunter has left the room
jy yes. cars. that stock is tricky to play. didn't do anything today on BIDU.
Carson-PDT Moderator: Good JY
Flap ELN breaking out...
jy AVID made the day.
jy flap, any new on ELN or it's just normal ?
Flap jy...i can't see any news out...maybe some rumor leaked...we are expecting news sometime between now and end of month on resumption of Tysabri trials.
jy ty, flap.
ak Got to go. CU all tomorrow.
ak has left the room
bearrally jy, out last week
bearrally but pick up some cme put for 3
bearrally just sold for 6
Carson-PDT Moderator: ELN nice support at its 20 day EMA
jy made some profit on GOOG options ?
Carson-PDT Moderator: vn Bear
bearrally made 2points
bearrally not bad
James-PDT Moderator: very nice
jy that's good for a straddle.
James-PDT Moderator: slowest day ever today i think.............
bearrally jy, premium will killed you
bearrally nothing happen
bearrally greenie
jy yes. straddle needs big move - one way or the other.
bearrally jy, straddle work best on ebay, amzn, and yhoo.
bearrally at least of me
ally take care guys...see ya tomorrow
bearrally latter ally
ally has left the room
bearrally a lot of newbies losses their shirt off today on bidu
bearrally lost
bearrally need to go back and take esl 101
James-PDT Moderator: yes bear i am sure that happened
bearrally tooo many gamblers there
bearrally i included
bearrally jy, did you do anthing with bidu today
bearrally if it was shortable it would be at 50 now
bearrally lol
bearrally flap, need to start to buy some beer
bearrally lol
jy no bear. just last friday. played BIDU twice and made a few points. bought at 74. and 84.
Flap i'll buy the beer...hehehe...had a good day
bearrally shld to make new low
bearrally i can see
James-PDT Moderator: Market closing on LOD
James-PDT Moderator: ok flap take care
Flap see you guys tomorrow
Flap has left the room
bob120 POSCHKP
jy james and cars, ty. cu tomorow. bear, take cars.
James-PDT Moderator: take care jy
bearrally bye jy
jy has left the room
Carson-PDT Moderator: ok JY
kimmron hey guys, have a nice evening
Carson-PDT Moderator: ok Kimmron
Carson-PDT Moderator: have a great evening
Carson-PDT Moderator: Any questions gang?
kimmron has left the room
bearrally yeah, need to re-open cafe
renram22 thx you too
bearrally now i am getting nervous on that short
James-PDT Moderator: take care everyone, i promise more than 2 trades tomorrow
bearrally lol
bob120 has logged out
Carson-PDT Moderator: lol Bear.
allen5 has logged out
Carson-PDT Moderator: It must be bad news
harris has entered DayTrading Chat
Carson-PDT Moderator: hi Harris
harris hi carson!
Carson-PDT Moderator: We are just wrapping up here
harris understood
Carson-PDT Moderator: We will be back here at 8:45 am est
harris i'll be back tomorrow morning
Carson-PDT Moderator: good to have you
James-PDT Moderator: hey harris welcome, make sure to come in 20 minutes before the market opens tomorrow
harris thanks!
harris will do james |
