char: gm all

James-ST Moderator: gm all

Ken-ST Moderator: [b]Good Morning[/b] [b]char, Terry, gp, steveg, ak, James[b]

Ken-ST Moderator: [b]Good Morning[/b] [b]jjjwolfe[b]

jjwolfe: GM All

Eagle: GM all

trdr45: GM Guys

Ken-ST Moderator: [b]Good Morning[/b] [b]Eagle[b]

James-ST Moderator: hey eagle trdr

Eagle: GM Ken and James

Ken-ST Moderator: [b]Good Morning[/b] [b]pvg, stuart, tj[b]

pvg6799: gm

James-ST Moderator: hey pvg, stu, tj, todd

stuart: gm all

Todd-SOF Direct: gm everyone

Ken-ST Moderator: [b]Good Morning[/b] [b]Todd[b]

tj: gm

Ken-ST Moderator: [b]Good Morning[/b] [b]alaska[b]

alaska: hi all

Ken-ST Moderator: [b]Good Morning[/b] [b]ahk[b]

ahk: gm

Ken-ST Moderator: [b]Good Morning[/b] [b]joec[b]

stuart has logged out

joecgoodman: gm

James-ST Moderator: hope everyone had a great weekend

ak: gm all

char: sure did ...how about you James

James-ST Moderator: yep pretty good

James-ST Moderator: hey violet

Violet: gm guys

James-ST Moderator: HEY SOM

som: Good Morning

Ken-ST Moderator: [b]Good Morning[/b] [b]Violet, som[b]

Ken-ST Moderator: [b]Good Morning[/b] [b]Sooner[b]

Sooner: Good Morning

som: GM Ken

James-ST Moderator: hey sooner

Sooner: GM all

Ken-ST Moderator: [b]Good Morning[/b] [b]jb[b]

johnboy: good morning everyone

James-ST Moderator: hey jb, hapeko

Ken-ST Moderator: [b]Good Morning[/b] [b]hapeko[b]

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

Ken-ST Moderator: Lets do the Market Assessment:

Ken-ST Moderator: Daily Chart:  Above the 5 day EMA, Stochastics in uptrend

Ken-ST Moderator: Hourly Chart:  Downtrend with the 20 EMA below the 50 EMA

Ken-ST Moderator: 5 Min:  Downtrend with the 20 EMA below the 50 EMA

Ken-ST Moderator: Overall there is a downtrending bias to the market

Ken-ST Moderator: Futures are currently up 4 points and gapping above the 20 EMA on 5 min

James-ST Moderator: hey jy

jy: gm

Ken-ST Moderator: [b]Good Morning[/b] [b]jy[b]

James-ST Moderator: hey vanja, kim

Ken-ST Moderator: [b]Good Morning[/b] [b]Vanja, kim[b]

kim: gm James

James-ST Moderator: hey joe

Ken-ST Moderator: [b]Good Morning[/b] [b]Joe[b]

Joe: GM James

Ken-ST Moderator: Not too many Type B out there.   If you see anything interesting, shout it out.

Ken-ST Moderator: [b]Good Morning[/b] [b]Hunter[b]

Ken-ST Moderator: Ok, now we can start, Hunter has arrived

James-ST Moderator: hey hunter

James-ST Moderator: [img id=em-3]

Hunter: : gm guys, lol

Joe: GM Ken

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]SLAB 31.37[/b]

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]SLAB 31.37[/b]

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]SLAB 31.37[/b]

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]JCOM 44.84[/b]

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]JCOM 44.84[/b]

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]VECO 15.04[/b]

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]VECO 15.04[/b]

Ken-ST Moderator: BIDU holding off any buy at new HOD

Ken-ST Moderator: it is at high end of recent range

Ken-ST Moderator: REDF at high end as well

Ken-ST Moderator: [b]5 Minute EMA Trend[/b] [b]UP[/b] [b]Stochastics Trend[/b] [b]UP[/b]

Ken-ST Moderator: VECO is close

James-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]VECO 15.04[/b]

James-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]VECO 15.04[/b]

James-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]VECO 15.04[/b]

Ken-ST Moderator: [b]Good Morning[/b] [b]Eric[b]

James-ST Moderator: hey eric

Eric: Good morning

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

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

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

stuart: Nice guys

Ken-ST Moderator: gj stu

James-ST Moderator: HEY SOCAL

Ken-ST Moderator: [b]Good Morning[/b] [b]socal[b]

jy: GJ on VECO still running

Ken-ST Moderator: SLAB is close

James-ST Moderator: SLAB CLOSE

James-ST Moderator: VECO new LOD

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]SLAB 31.37[/b]

James-ST Moderator: JCOM relatively close

Ken-ST Moderator: JCOM close

James-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]SLAB 31.37[/b]

James-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]SLAB 31.37[/b]

James-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]SLAB 31.37[/b]

joecgoodman: if I missed slab, is it okay to have a 31.37 buy limit order on right now, or should I pass?

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

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

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

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

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

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

Ken-ST Moderator: Pass on it now joec

jy: nice job ty

Ken-ST Moderator: gj jy

Ken-ST Moderator: [b]Good Morning[/b] [b]alex[b]

Ken-ST Moderator: Watching for a consolidation on REDF for posssible entry long

joecgoodman: is there audio in this room?

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]REDF 18.56[/b]

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]REDF 18.56[/b]

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]REDF 18.56[/b]

alex: good morning all

Ken-ST Moderator: yes joec, you should be hearing the audio before we send the alerts

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]REDF 18.64[/b]

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]REDF 18.64[/b]

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]REDF 18.64[/b]

James-ST Moderator: SLAB new HOD

Ken-ST Moderator: Sorry gang the breakout price on REDF s/b 18.64

Ken-ST Moderator: JCOM is close

Ken-ST Moderator: joec, we'll go over any questions you may have when things slow down

Ken-ST Moderator: if this is your first day, it is good to watch to see how we operate and see how this room is run

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]JCOM 44.84[/b]

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]JCOM 44.84[/b]

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]JCOM 44.84[/b]

joecgoodman: jcom triggered, rigth?

Ken-ST Moderator: yes

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]JCOM 44.06[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]JCOM 44.06[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]JCOM 44.06[/b]

James-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]REDF 18.64[/b]

James-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]REDF 18.64[/b]

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]REDF 18.64[/b]

James-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]REDF 18.64[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]REDF 18.08[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]REDF 18.08[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]REDF 18.08[/b]

Ken-ST Moderator: Market new hod

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

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

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

stuart: On fire guys. Keep'um coming.

Ken-ST Moderator: Market new hod, but still within recent range

jy: REDF missed exit keep same stop ?

James-ST Moderator: SLAB new HOD

Ken-ST Moderator: It is very wide, but that is the only key area jy

Ken-ST Moderator: it is up to you how much risk you want to take on at this point

Ken-ST Moderator: market new high

jy: ty

James-ST Moderator: This weather girl cracks me up

Ken-ST Moderator: Not up to your fashion par James?

James-ST Moderator: nope

Ken-ST Moderator: jy what is your entry?

Ken-ST Moderator: There was a quick reversal after that surge

Ken-ST Moderator: I would play it safe after that

James-ST Moderator: Not a fashion guru.......but you gotta question what she wears everyday

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

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

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

James-ST Moderator: SLAB is running uite a bit

James-ST Moderator: quite

Ken-ST Moderator: wb

Ken-ST Moderator: [b]Good Morning[/b] [b]kev55in[b]

kev55in: Good Morn'n

Ken-ST Moderator: gang, I'm not sure if the JCOM bid got to the stop

Ken-ST Moderator: so some of you may still be in

Ken-ST Moderator: if you are great, I would wait for a better stop signal

Ken-ST Moderator: Normally you want to see a print AND bid at the stop to signal you out

Ken-ST Moderator: there was a print, but not sure there was the bid down there, it may have been trades beyond the maret

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]JCOM 43.79[/b]

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]JCOM 43.79[/b]

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]JCOM 43.79[/b]

Ken-ST Moderator: If it gets down to that level, we will be looking to short it

James-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]JCOM 43.79[/b]

James-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]JCOM 43.79[/b]

James-ST Moderator: [b]TYPE B Trade (Gap). Consider Short[/b] [b]JCOM 43.79[/b]

joecgoodman: I lost connection to the room earlier....is their an automatica timeout if I don't make any entries?

Ken-ST Moderator: wb Joec

Ken-ST Moderator: in answer to your earlier question, no you should remain connected

joecgoodman: I lost connection again...am connected via java applet...is there any other way?

Ken-ST Moderator: No but you may want to connect through sun java

joecgoodman: how?

Ken-ST Moderator: if you are on MS Virtual machine may be the reason for the lack of sound alerts

joecgoodman: what's an MS Virtual machine?

joecgoodman: I know MS stands for MicroSoft

alaska2: message sound has to be set in options each time I log on, only way to get audibles for me.

trdr45: yes me too

trdr45: daily

joecgoodman: when you say "audibles" do you mean voice, or just sounds

Ken-ST Moderator: just sounds

alaska2: buzzer type sound

jy: do we have a stop on JCOM ?

James-ST Moderator: one sec jy, will tighten

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]JCOM 44.30[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]JCOM 44.30[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]JCOM 44.30[/b]

joecgoodman: .

Ken-ST Moderator: when we hit the second period joec, I will explain how to get on sun java

Ken-ST Moderator: instead of MS VM

joecgoodman: OK, thanks.  Just got kicked out again as you can see.

Ken-ST Moderator: Not sure if Sun Java will take care of that, but we'll see

joecgoodman: .

joecgoodman: .

Ken-ST Moderator: http://java.sun.com/products/archive/jdk/1.1/index.html

Ken-ST Moderator: You may try downloading Java there

joecgoodman: OK

ahk: whats the trigger in BIDU?

James-ST Moderator: LOD only ahk

James-ST Moderator: Resistance noted above

ahk: k

joecgoodman: .

joecgoodman: ken, didn't work...we can deal with it later

ahk: BIDU no borrow, should take off type b

James-ST Moderator: sounds good ahk

Ken-ST Moderator: you will need to reboot i think for it to take effect

joecgoodman: wouldn't download, said zip was corrupt or incomplete, something like that

ahk: slab monster

joecgoodman: "The Compressed (zipped) Folder is invalid or corrupted."

Ken-ST Moderator: [b]Good Morning[/b] [b]Bear[b]

bearrally: morning

jy: SLAB new HOD over 33 - 33.28

trdr45: joe if you have a prior sun java installed it can corrupt the new install in which case one has to go ...first you should make sure youve click the options symbol little yellow flower at bottom of users list an activate your beeps if youve not tried it yet

Ken-ST Moderator: [b]5 Minute EMA Trend[/b] [b]down[/b] [b]Stochastics Trend[/b] [b]down[/b]

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

Ken-ST Moderator: [b]Good Morning[/b] [b]Chris[b]

Chris: Good Morning

joecgoodman: .

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

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

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

jy: good revenge on JCOM short

Ken-ST Moderator: yes

Ken-ST Moderator: pos

joecgoodman: .

stuart: yes nice revenge on JCOM

joecgoodman: .

joecgoodman: .

joecgoodman: sorry for my pings above...I was not able to see them until I logged out and back in

Ken-ST Moderator: np

Ken-ST Moderator: nothing really close.

Ken-ST Moderator: Cancel Type B alerts here

James-ST Moderator: Questions or comments gang?

Ken-ST Moderator: Type A still valid

James-ST Moderator: Feel free to bring up stocks of note.....whether they are on our watch list or not, others may find them of interest.

James-ST Moderator: Hope everyone had a great weekend.....

Ken-ST Moderator: Scanning for Type C setups

Ken-ST Moderator: ok Joec, if you go to your internet browser, and go to Tools, and Internet Options

Ken-ST Moderator: go to the last tab, that says Advanced

Ken-ST Moderator: Scroll down.  Untill you see either Microsoft VM or Sun Java

joecgoodman: .

joecgoodman: .

joecgoodman: Ken, does this room break during lunch?

James-ST Moderator: Type B triggers are canceled for lunch period on wallstreet, Type A and C are valid

James-ST Moderator: Lunch period is defined as 11:00 - 1:30 EST

James-ST Moderator: In our experience.....and i am sure you guys have seen this too......most of the trading action occurs in the beginning and ending of the day......

James-ST Moderator: hey bear

James-ST Moderator: what is going on bear?

joecgoodman: when you say "Type B triggers are canceled for lunch period on wallstreet?....what do you mean by "on wallstreet"?

Ken-ST Moderator: Trading activity slows down during lunch

Ken-ST Moderator: traders on wall st. go to lunch.   activity dies down and you see differnt types of trends develop during this time of day

Ken-ST Moderator: wb Joe

joecgoodman: wb?

Ken-ST Moderator: sorry reading up joec, we do not have an official lunch break period for the room, but we do encourage traders to stay away from trading during the second period

Ken-ST Moderator: which is from 11:30 to 1:30

Ken-ST Moderator: we do issue Type C plays at this time, but still the lunch period is a terrible time of day to trade

Ken-ST Moderator: the time of day is a very important but overlooked factor when trading

joecgoodman: so you get more active at 1:30 eastern?

Ken-ST Moderator: Yes, we open the Type B alerts up again after that time

Ken-ST Moderator: sometimes earlier near 1:00 but in general not

James-ST Moderator: New Fed Chair man announced

James-ST Moderator: Bernanke

Ken-ST Moderator: Market still in recent range

Ken-ST Moderator: Its hard to make too much of the market action

James-ST Moderator: Market looks to making new High

jy: the new Fed Chair - good for Wall Street ?

James-ST Moderator: yep, looks like they like him, market new HOD

Ken-ST Moderator: any questions?

joecgoodman: yes

joecgoodman: do we use a percentage for stops?

joecgoodman: also, did Bernanke get the job because his name has the word bank in it?

Ken-ST Moderator: We do not use percentage stops

Ken-ST Moderator: the initial stops for the Type C and B alerts are the  LOD or HOD

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

joecgoodman: thanks, Ken

Ken-ST Moderator: and to answer your second question, yes Bernanke got the job because it kinda sounds like Bank

Ken-ST Moderator: That was the deciding factor

Ken-ST Moderator: lol

joecgoodman: BernANKe

joecgoodman: PhD from MIT in economics

joecgoodman: not bad

johnboy: piled higher and deeper?

Ken-ST Moderator: lmao

joecgoodman: right!

johnboy: hopefully his speehes aren't as sleep inducing as Greenspans were

joecgoodman: they will be...must be

johnboy: speehees = speeches

joecgoodman: clarity would impact markets too directly

johnboy: lol

joecgoodman: must leave gray area so markets can have it out

johnboy: I thought that the old FEMA guy would get the job

joecgoodman: Emergency Management....very appropriate!

johnboy: or is he back judging Arabian horses?

James-ST Moderator: Greenspan at night=sleep inducer

joecgoodman: are you sure he wasn't president of the Dallas Bar?

James-ST Moderator: Did you guys see the e-mails sent out by the FEMA employee during Katrina?  sad

joecgoodman: no, wish I had

johnboy: no James, what did they say?

James-ST Moderator: Responses to his e-mails...."Director is at Dinner, will get back to you shortly"

James-ST Moderator: FEMA employee at Superdome was sending email every 30 minutes, "Need Food, Need Water"

char: seriously ?

James-ST Moderator: yeah

char: wow

James-ST Moderator: I find it funny though that Spike Lee believes the levies were broken deliberately to get rid of the minorities, he plans to make a movie about it.........Good director gone Crazy

Ken-ST Moderator: Staring Kanye West?

James-ST Moderator: lol

James-ST Moderator: Market new HOD

johnboy: yeah, even Led Zeppelin knew that the levees were going to break from the rain, But Don McLean was a little confused I guess

James-ST Moderator: lol

johnboy: time to walk the mutts, see you all in the pm

James-ST Moderator: ok jb

Ken-ST Moderator: wb Vanja

Vanja: Hello all

Vanja: Are we watching anything right now... I'm reading the transcript... I guess not till 1:30

James-ST Moderator: Nothing right now, just idle chit chat....

James-ST Moderator: Market reamins above the 50 ema on the 5 minute chart

Ken-ST Moderator: wb terry, stuart

stuart: thank you

James-ST Moderator: [b]TYPE A Trade (Breakout). Consider Buy[/b] [b]GRPO 42.54[/b]

James-ST Moderator: [b]TYPE A Trade (Breakout). Consider Buy[/b] [b]GRPO 42.54[/b]

James-ST Moderator: [b]TYPE A Trade (Breakout). Consider Buy[/b] [b]GRPO 42.54[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]GPRO 41.99[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]GPRO 41.99[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]GPRO 41.99[/b]

Ken-ST Moderator: Market attempting a lunch time breakout

Ken-ST Moderator: CME setting nice for a nice possible play after lunch

jy: ken, what is the play on CME ?

jy: a long at a new hod ?

Ken-ST Moderator: Yes, keeping eye on it for now

Ken-ST Moderator: but I want to make sure the market is right too

jy: yes. the market is making new hod during lunch.

Ken-ST Moderator: yes, should be viewed cautiously

James-ST Moderator: Does anyone else find it relatively funny when you see these reporters reporting during hurricanes?

Ken-ST Moderator: wb trdr

trdr45: thnx

Ken-ST Moderator: Yeah Scott Cohn should get a raise

James-ST Moderator: Hazzard pay plus

James-ST Moderator: triple overtime or something.......

Ken-ST Moderator: He must be breaking TVs or something.  WTF antoher storm coming?

James-ST Moderator: I just find it funny how a guy is sent to three hurricanes......has to stand there in the wind and rain with stuff flying by

jy: market new hod

Ken-ST Moderator: I have something to share

Ken-ST Moderator: I am now addicted to those Stacy's Pita Chips

Ken-ST Moderator: wb Bear

bearrally: hey all

bearrally: market up 120 points

bearrally: no trade?

Ken-ST Moderator: dang I ate that stuff all weekend

trdr45: nice carbo loading ..should be psyched for next work out

bearrally: when is the new fed announcement

bearrally: anyone got cme earning?

bearrally: date

Ken-ST Moderator: lol trdr, thats exactly what I was thinking.

Ken-ST Moderator: Tons of carbs

trdr45: ya lol

Ken-ST Moderator: Also started eating it with Hummus dip

Ken-ST Moderator: But at least I'm not sitting in front of the computer all day

bearrally: any it guy here?

Ken-ST Moderator: BIDU making new hod

Ken-ST Moderator: There is a tight stop noted

Ken-ST Moderator: but the market time of day is not good

Ken-ST Moderator: also stochastics are overbought

Ken-ST Moderator: wb tj

bearrally: so why wasn't bidu a trade?

tj: thx.

Ken-ST Moderator: lunch time breakout

Ken-ST Moderator: Althougth with a tight stop you can mitigate the risk

Ken-ST Moderator: so for those who are adventurous, the setup was there

Ken-ST Moderator: a nice pullback in BIDU, and the market, and perhaps we can issue something later today

bearrally: bot is going crazy

Ken-ST Moderator: dang, you still in it?

bearrally: got out, bought back at the close

bearrally: will sell soon

bearrally: and do the same

bearrally: start to sell off an hour before the close

bearrally: out 2k on my goog put :(

Ken-ST Moderator: Market just about 3 points off recent high

Ken-ST Moderator: wb Joe

Ken-ST Moderator: BIDU more than a 1% move

Ken-ST Moderator: Stochastics in overbought but still in uptrend

bearrally: bidu new high again

Ken-ST Moderator: Yes there goes BIDU

jy: bear, did you play BIDU ?

Ken-ST Moderator: Watching market carefully for any breaks in trend

jy: GPRO does not look handsome.

bearrally: jy, yes

bearrally: bought 73.97

jy: bear, gj on BIDU .

bearrally: selling bot here

Ken-ST Moderator: Nice bear

bearrally: and will buy again at close

Ken-ST Moderator: EBAY

Ken-ST Moderator: down again

Ken-ST Moderator: Following up after that bearish 2 candle formation

Ken-ST Moderator: 2 candle reversal formation

Ken-ST Moderator: very powerful formation

Ken-ST Moderator: wb Kim

Ken-ST Moderator: The first candle is either a big green candle or red candle

jy: ken, are you referring to Ebay ?

Ken-ST Moderator: the next day is the opposite color nearly entirely under or over the previous day with the opposite color

Ken-ST Moderator: Yes jy

Ken-ST Moderator: EBAY big green candle on the 19th

Ken-ST Moderator: followed by a big colored candle under the green

Ken-ST Moderator: You normally see a follow through trend to that in the following week(s)

Ken-ST Moderator: Stochastics in downtrend

Ken-ST Moderator: Market right at the 5 ema

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]JCOM 43.17[/b]

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]JCOM 43.17[/b]

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]JCOM 43.17[/b]

Ken-ST Moderator: Early alert as we head into the 1:00 turn time

Ken-ST Moderator: Market is near overbought, we will issue short alerts early

Ken-ST Moderator: Hey tj are you around?

tj: yes.

Ken-ST Moderator: That was pretty cool that you knew about the indictments a few days before it came out

Ken-ST Moderator: What else are you hearing?

tj: Heard that when Bush saw he and Cheney's name on the indictments, he ordered AG Gonzales to fire fire Fitzgerald and seal the indictments.

tj: There is also talk that Bush nominated US Attorney Paul McNulty on Friday to replace James Comey as Deputy AG.

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

James-ST Moderator: wb

tj: It'll be interesting to see what happens when the indictments come out.

Ken-ST Moderator: yeah

James-ST Moderator: Being the Federal Chairman =  most powerful man in the world

Ken-ST Moderator: What are they being indicted for?

James-ST Moderator: Being the Federal Chairman = Most boring job in the world.

James-ST Moderator: He cannot own any stocks or investments......and just imagine bear, he can't go to vegas every month.

bearrally: lol

James-ST Moderator: And he has only one job......to raise of not raise........and to come up with 1 hour speeches why a move is made

James-ST Moderator: or not raise

bearrally: imagine, you can't even tell your wife what you know

Ken-ST Moderator: where can I sign up

James-ST Moderator: lol bear

bearrally: boom, erts hod

tj: The indcitments will address the war in Iraq, the Presidential elections (2000 &  2004), the outing  of CIA agent Valerie Plume and more.

Ken-ST Moderator: wow, basket full of goodies

James-ST Moderator: What are the consequences for Bush?  Who (democrats of course) are making these indictments?  and why Indict on the War?

tj: Impeachment for Bush, and indict on the process that led to the decision of going to war.

James-ST Moderator: Interesting tj, thanks

johnboy: maybe Bush should sleep with an intern: operation distraction

tj: I guess we'll know more when it hits the news.

jy: james/ken, will you shout eBay at new lod ?

tj: I guess we'll know more when it hits the news.

jy: j/k, will you shour eBay at new lod ?

tj: I guess we'll know more when it hits the news.

jy: testing

tj: np

Welcome to SwingTrades.com!

James-ST Moderator has entered DayTrading Chat

Room is moderated

You can now talk

James-ST Moderator has become a moderator

som gb

James-ST Moderator: Still in a range jy

Ken-ST Moderator: tj there is a low on ebay of 38.20 that I would be concerned with

som see you tomorrow

Ken-ST Moderator: No lod for now

som has logged out

Ken-ST Moderator: ok som, have a good one

James-ST Moderator: EBAY...craiglist poses a threat

jy ty

James-ST Moderator: amazing.......no matter how invincible a company looks, there is always something to come along and threaten it

James-ST Moderator: Even invincible Microsoft......Firefox just hit 100 million downloads.....and free

jy GRPO - which way will it go ??

bearrally microsoft is a dead duck

bearrally will loose office to sun

bearrally nothing beat free product

bearrally i've been testing it, not too bad

Ken-ST Moderator Update!

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]REDF 18.96[/b]

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]REDF 18.96[/b]

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]REDF 18.96[/b]

James-ST Moderator: btw.....it is craigslist.org.....don't type in craiglist.com......some smart guy took that name and made a porn site.

James-ST Moderator: anyway.....craigslist.org is starting to kill ebay........

Ken-ST Moderator Buy!

bearrally lol

Ken-ST Moderator Buy!

Ken-ST Moderator Buy!

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]REDF 18.96[/b]

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]REDF 18.96[/b]

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]REDF 18.96[/b]

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Ken-ST Moderator Update!

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]REDF  [/b]

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

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

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Ken-ST Moderator: wb Joe

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joecgoodman Ken, when I log in, I do so without checking the 'Member Login' checkbox. Is that correct?

Ken-ST Moderator: Yes

Ken-ST Moderator: joec do you have sun java checked on your internet options?

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joecgoodman under the Tools menu?

joecgoodman I have 'Sun Java Console'....should that be selected?

Ken-ST Moderator: Yes

joecgoodman when I select it, a new window pops up called Java Console...what do I do with that window?

joecgoodman 3 buttons...Clear, Copy, Close....no field to enter text

Ken-ST Moderator: Sorry not the console

Ken-ST Moderator: You need to go to your internet browser

Ken-ST Moderator: go to Tools, then Internet Options

Ken-ST Moderator: Then go to the last tab called Advanced

joecgoodman Java Sun is checked there.

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jy GPRO stop is still 41.99 ?

Ken-ST Moderator: Yes

Ken-ST Moderator: Ok joe

jy ty

Ken-ST Moderator: that is good

Ken-ST Moderator: brb gang

joecgoodman .

James-ST Moderator: Besides bear's usual movers, CME, BOT, GOOG , SHLD.......anyone see anything of note?

James-ST Moderator: Feel free to bring up any stock....others in the room often will find them of note or

James-ST Moderator: use them as trade ideas

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joecgoodman .

ahk J would you enter GPRO now?

ahk yes/no/maybe?

James-ST Moderator: hm

ahk all of the above

James-ST Moderator: stocahstics are turning up on 5 minute chart

James-ST Moderator: still in uprend

James-ST Moderator: redf new hod

ahk you sound hesitant

James-ST Moderator: ok, if you missed it dont

ahk i missed it

ahk a bit thin also

ahk ty

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

jy james, why on GRPO not to enter now ?

bearrally bidu hod

James-ST Moderator: Because ahk wanted an answer

James-ST Moderator: i tried to leave the decision up to him but he wanted a definitive answer

ahk J have there been time when you played a type b more than 2X in a day?

James-ST Moderator: yes, say a short at open, it goes up, we play a long, we enter lunch and another logn as it conitnues to go up

joecgoodman .

ahk have you hit target on those occasions?

James-ST Moderator: i think so......you can review past trades

James-ST Moderator: although two years is a lot to go through

ahk 2004 is only a partial year

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James-ST Moderator: ah, makes it easier for you to check

Ken-ST Moderator: back

ahk still a lot of work.....................for an academic exercise

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

bearrally bidu

ahk I'm not talking about if the Type b  also becomes a C

ahk thinking 3 B's

James-ST Moderator: sure

Ken-ST Moderator: BIDU had a  nice signal at 76.85

Ken-ST Moderator: for the long

Ken-ST Moderator: CME pullng back off its highs

bearrally trying to buy put there ken

jy BIDU up like it's IPO day.

bearrally damn tooooo expensive

bearrally 320 is at 9 bucks?

bearrally sec need to look into those option brokers

Ken-ST Moderator: BOT?

bearrally yes

Ken-ST Moderator: gang, this market is in a really tough range

Ken-ST Moderator: Be conservative

Ken-ST Moderator: BIDU up 6 from the missed entry

Ken-ST Moderator: On the market's daily chart, we have been in a sideways range under the 20 day EMA

jy SPX new HOD

bearrally lol

Ken-ST Moderator: wow, BIDU took a dive

Ken-ST Moderator: man that stock is crazy

jy CME diving

bearrally jy, chasing 330 put

Ken-ST Moderator: SPX still below the recent highs of 1197 area

Ken-ST Moderator: just about 3 points from here

bearrally douple down on goog put

bearrally :(

jy bear, did you buy more GOOG put ?

bearrally stopped out of bidu for 6

bearrally yes jy

jy strike price and cycle ?

bearrally 330 nov 5 bucks

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jy ty

joecgoodman .

jy it's still expensive

Ken-ST Moderator: joec looks like you have been connnected for awhile now

ahk redf pretty

Ken-ST Moderator: yes nice run

joecgoodman yes, no disconnects this afternoon so far

joecgoodman .

Ken-ST Moderator: SNDK near to trend highs

ahk K was DP a type B?

bearrally lots cheaper than cme

bearrally lol

bearrally jy, what did you do wht all that goog profit

Ken-ST Moderator: Yes

bearrally i got 1 of my rep buy call on that for 1.4

Ken-ST Moderator: 43.34 but the breakdown was during lunch

ahk Cool....I made 1% on the downside

bearrally overnight her $1k turn into 20k

bearrally now she is getting lazy

bearrally should never show your employee(s) to do this

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bearrally can't get her out in the field

Ken-ST Moderator: The ideal entry was at 42.11 at 13:40

Ken-ST Moderator: wb alex

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ahk I sold @ 42.00

ahk not bad for a newbee

johnboy what stock are you guys talking about

Ken-ST Moderator: DP

Ken-ST Moderator: nice ahk

Ken-ST Moderator: wtg

ahk feels good

ahk ty

bearrally rimm lod

johnboy nice ahk

Ken-ST Moderator: what was your initial stop?

bearrally who let that dog out?

bearrally lol

ahk 41.58

jy bear, i'm watching and see what's out there ? any suggestion, bear ?

ahk buy stop

Ken-ST Moderator: Nice

bearrally jy, imo, rimm (both fundamental and tech are weak)

bearrally loading up short

ahk was nice to see my bid there and watch it get hit

ahk ;)

bearrally some cme put, and goog put are on my plate

bearrally will try to buy bot again at the close

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ahk k HOW DOES crdn look to you?

bearrally goog, some sell off should come in any day now

bearrally earning is over

Ken-ST Moderator: New all time highs for the stock

ahk overbought?

Ken-ST Moderator: intraday no

bearrally cme should start to sell off tomorrow

jy bear, james and ken have been saying don't short a stock that has made the 52 week high.

ahk Im think of going long

jy CME does look weak wiht the market up

bearrally profit taking might take it under 340

Ken-ST Moderator: there was a surge past the previous resistance but I would have been hesistance to jump on the intial break past 39.16

Ken-ST Moderator: would have waited for a pullback/consolidation

bearrally jy, i am not too greedy

Ken-ST Moderator: after that it kept going, I would not have found an entry

bearrally market up 120 points, cme gave back all profit

ahk staying away for now

ahk no need to vertrade

ahk overtrade

Ken-ST Moderator: nice ahk, that is exactly right

Ken-ST Moderator: wait for the right time and setups

Ken-ST Moderator: make a few perfect trades rather than a lot of ok ones

ahk bidu stall

bearrally good job ahk

ahk what price did BOT come at?

jy SNDK new hod over 57 at 57.06

Ken-ST Moderator: Yeah

Ken-ST Moderator: Had my eye on that but will hold off

Ken-ST Moderator: seems like a consolidation day for that

Ken-ST Moderator: market is not breaking out into new trending area

ahk dp running a bit

Ken-ST Moderator: so while still in range, that stock may remain in tact as well

ahk sgould say falling

ahk time to say bye bye to the rest

ahk interesting how people were so gloomy last week and now euphoric

ahk must be the new Fed dude

ahk do you guys see anything esl shaping up for us todaY

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Ken-ST Moderator: Not much but still looking

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ahk calling it a day, thanks, cu tomorow

Ken-ST Moderator: gj ahk

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joecgoodman .

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

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

Ken-ST Moderator: BIDU trapping some poor longs

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

Ken-ST Moderator: If BIDU can consolidate at higher levels it may be a play later on

Ken-ST Moderator: Hopefully experience a nice consolidation while market works out its current intraday pullback

jy market ne whod

Ken-ST Moderator: Yes

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Ken-ST Moderator: REDF near hod

joecgoodman r u calling it as a trade if it breaks hod?

Ken-ST Moderator: no

Ken-ST Moderator: sorry about the confusion

Ken-ST Moderator: It is an ok setup

Ken-ST Moderator: but

alaska2 bye all

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Ken-ST Moderator: There is no tight stop late in the day

Ken-ST Moderator: we will stay clear

joecgoodman no prob...I'm just learning how the room works...thanks for the clarifying info

Ken-ST Moderator: np

joecgoodman .

joecgoodman Ken, are you the only moderator in this room?

joecgoodman ah, I see that James is also a moderator.

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Ken-ST Moderator: Yes there are two of us here

joecgoodman different roles?

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Ken-ST Moderator: no

Ken-ST Moderator: No difference in what we post

Ken-ST Moderator: it is all apart of the same strategy

Ken-ST Moderator Update!

Ken-ST Moderator: Cancel all alerts

Ken-ST Moderator: last half hour gang

joecgoodman I'm very, very impressed with what I've seen today.

joecgoodman It's clear that the performance numbers you post are exaggerated.

Ken-ST Moderator: Thank you joec

joecgoodman For example, although one of your calls the other day ran 10% in your favor, you only posted a 1% gain.

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Ken-ST Moderator: yes, thank you for noticing.

joecgoodman oops - meant NOT exaggerated

Ken-ST Moderator: Got you

joecgoodman thx

joecgoodman by the way, when I typed and sent the above 3 messages, I couldn't see them post....had to log out and back in

Ken-ST Moderator: yes our performance shows that taking just small conservative gains will have a big impact

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Ken-ST Moderator: hmm not sure joec

joecgoodman I trade options successfully and take the same approach...take small profits OFTEN.  I'm in this room because I've only hurt myself trying to day trade stocks.

Ken-ST Moderator: ah, well good to have you

joecgoodman thx, glad to be hear.

joecgoodman here

joecgoodman :-)

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Ken-ST Moderator: Lets take a look at the market  and what it is doing

Ken-ST Moderator: The hourly charts are in a downtrend, however

Ken-ST Moderator: The MAs are nearly turning up now.

Ken-ST Moderator: Daily stochastics are in an uptrend (warnging to the current Hourly downtrend)

Ken-ST Moderator: Daily prices are also closing above the 5 day EMA (another warning to the Hourly downtrend)

Ken-ST Moderator: Actually the Hourly MAs have turned up into an uptrend

Ken-ST Moderator: So

Ken-ST Moderator: Hourly/ short term trend of the market is sideways to up

Ken-ST Moderator: Before we call a bottom here, please note that the market is right at the 20 day EMA

Ken-ST Moderator: which often times can provide a signifcant resistance/support area

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Ken-ST Moderator: Market new hod

Ken-ST Moderator: Hey Hunter

Hunter : hey guys

jy yes. market late surge. gooD FOR GPRO.

Ken-ST Moderator: yes

Ken-ST Moderator Update!

Hunter : well back just in time to go looks like ya all had a good day ! congrats ! take care

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]GPRO 42.24[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]GPRO 42.24[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]GPRO 42.24[/b]

Ken-ST Moderator: tx Hunter

Ken-ST Moderator: take care

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joecgoodman is the room already longGPRO?

Ken-ST Moderator: Yes

Ken-ST Moderator: We entered some time ago

joecgoodman for my own education, where would the stop have been on that....1.5% since it's a Type A?

Ken-ST Moderator: 41.90

Ken-ST Moderator: initial

Ken-ST Moderator: but we moved to 41.99 right after trigger

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Ken-ST Moderator: wb

joecgoodman I didn't leave on purpose :-)

Ken-ST Moderator: lol

Ken-ST Moderator: Are there any questions?

jy it'll e wild if GPRO makes profit.

Ken-ST Moderator: yeah

Ken-ST Moderator: Its late though

Ken-ST Moderator: Lets move the stop to entry on GPRO

Ken-ST Moderator Update!

Ken-ST Moderator: [b]UPDATE: Moving stop to entry[/b] [b]GPRO 42.54[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop to entry[/b] [b]GPRO 42.54[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop to entry[/b] [b]GPRO 42.54[/b]

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jy that's o.k. fro GPRO.

Ken-ST Moderator: well nice patience to stick it out jy

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Ken-ST Moderator: Many day traders dont give stocks enough time or room to give it a fair chance

Ken-ST Moderator: has not stopped out yet

jy the market has been on GPRO side.

Ken-ST Moderator: and at new hod

jy i set stop at 42.64 - just to make some profit if it come back down.

joecgoodman OEX daily candle has no wick on bottom or top at this point....big green thang.

Ken-ST Moderator: nice

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joecgoodman will we see tomorrow what we saw last week?  an equally big red candle?

joecgoodman And I want a definitive answer on that please. :-)

Ken-ST Moderator: Not sure, but the short term trend is now up on the market

Ken-ST Moderator: lol joec

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Ken-ST Moderator: shorts are covering

joecgoodman I agree.  I would normally buy puts on the OEX at the end of a big green day.  But not today.  I have that bottom-reached feeling too.

jy ty j/k. cu tomorrow. a productive day.

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Ken-ST Moderator: Keep an eye on those charts we mentioned Joec, you will have a very clear picture of the market

Ken-ST Moderator: Ok gang, we will use 42.74 for the exit on GPRO

joecgoodman the hourly and daily charts you were talking about just a few minutes ago?

Ken-ST Moderator: yes

Ken-ST Moderator: also we monitor the 5 min market

Ken-ST Moderator: religiously

Ken-ST Moderator: we never make a trade decision without it

joecgoodman ok

Ken-ST Moderator: ok gang, any questions before I head out

Ken-ST Moderator: ?

joecgoodman Thanks!

tj Thanks.

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Ken-ST Moderator: ok gang, have a great evening

Ken-ST Moderator is no longer a moderator

som Good by, see you tomorrow

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