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********** Good Morning Everyone
********** FRI November 3RD 2006
**********
I don't know the key to success, but the key to failure is trying to please everybody.
- Bill Cosby
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Cale: wow that one fits Scott
JP: the key to success is Jello pudding.....lots of Jello pudding.
JQ: ty Great Gandi Scott
j5: i don't see where bste is gapping?
Ken-ST Moderator: gm jy, bill, garry, maki, Newbie, dpr, jharms, Pontiff, ryan
j5: oh, ok see it now,
jvt: fhtere's a bleep down down there
Newbie: Short SNDK Cale?
j5: cale where's the newsletter
JQ: Cale no Pigtits for The Great Gandi Scottie Scott
j5: market assmt?
Ken-ST Moderator: ***********Market Assessment**********
Daily Chart: Below the 5 day EMA, Stochastics in downtrend
Hourly Chart: Downtrend with 20 EMA below the 50 EMA
5 min Chart: Downtrend with 20 EMA below the 50 EMA Futures are currently gapping up 4 points. Overall market trend is still to the downside.
johnboy: good morning everybody
JQ: GM jb
Cale: Yep Short SNDK
j5: happy trading :)
Scott-ST Moderator: *** Opening Bell ***
Ken-ST Moderator: gm eddie, Ricky, jb, Mike, osc, j4
Ken-ST Moderator: j5
Ken-ST Moderator: good trading all
JQ: $$$$$
jvt: holx?
allegro_bob: big spread
Ken-ST Moderator: Watching for Type B Buy at new high of the day on SINA 28.51
limey: HOLX hit but massive spread
Ken-ST Moderator: Watching for Type B Buy at new high of the day on SINA 28.51
Ken-ST Moderator: Watching for Type B Buy at new high of the day on SINA 28.51
DavidBer: massive is an understatement :)
Ken-ST Moderator: Watching for Type B Short at new low of the day on RRGB 32.41
Ken-ST Moderator: Watching for Type B Short at new low of the day on RRGB 32.41
Ken-ST Moderator: Watching for Type B Short at new low of the day on RRGB 32.41
Ken-ST Moderator: Watching for Type B Short at new low of the day on AQNT 22.99
Ken-ST Moderator: Watching for Type B Short at new low of the day on AQNT 22.99
Ken-ST Moderator: Watching for Type B Short at new low of the day on AQNT 22.99
DavidBer: Is larry king 125 years old now?
Cale: close
Ken-ST Moderator: LMAO
Ken-ST Moderator: yup and set to marry again next month
j5: didnt holx triggere?
Ken-ST Moderator: hmm, odd
2thdr: is sina 28.51 or 28.81?
Ken-ST Moderator: level I shows it did trigger
Ken-ST Moderator: 28.51 2thdr
2thdr: thanks
Ken-ST Moderator: gang, I am going to send the alert for HOLX, but if you are not in, I would wait for better confirmation of the trigger
Ken-ST Moderator: TYPE A Trade (Breakdown). Consider Short HOLX 46.93
Ken-ST Moderator: TYPE A Trade (Breakdown). Consider Short HOLX 46.93
Ken-ST Moderator: TYPE A Trade (Breakdown). Consider Short HOLX 46.93
j5: ok
Ken-ST Moderator: WFMI near to possible support area
Ken-ST Moderator: we will avoid lod for now
allegro_bob: 1% bidu
Cale: good job bob
Ken-ST Moderator: nice
allegro_bob: just got out before it turned over
djg: SINA near lod
Ken-ST Moderator: STOPPED Consider exit in HOLX
Ken-ST Moderator: STOPPED Consider exit in HOLX
Ken-ST Moderator: STOPPED Consider exit in HOLX
jy: erts long hod 59.12 ??
Ken-ST Moderator: Watching for Type B Buy at new high of the day on ERTS 59.12
Ken-ST Moderator: Watching for Type B Buy at new high of the day on ERTS 59.12
Ken-ST Moderator: Watching for Type B Buy at new high of the day on ERTS 59.12
Ken-ST Moderator: TYPE B Trade (Gap). Consider Buy ERTS 59.12
Ken-ST Moderator: TYPE B Trade (Gap). Consider Buy ERTS 59.12
Ken-ST Moderator: TYPE B Trade (Gap). Consider Buy ERTS 59.12
Ken-ST Moderator: UPDATE: Moving stop to entry ERTS
Ken-ST Moderator: UPDATE: Moving stop to entry ERTS
Ken-ST Moderator: UPDATE: Moving stop to entry ERTS
Scott-ST Moderator: welcome back
Ken-ST Moderator: we are in an overall downtrending market gang, Play it tight on the longs
Ken-ST Moderator: scale profits with moves in your favor on ERTS
Ken-ST Moderator: slowly
Ken-ST Moderator: set stop at b/e
Ken-ST Moderator: risk nothing
Ricky: moving stop to what?
Ken-ST Moderator: posted above
Ken-ST Moderator: entry
Ricky: cant see chart right now.
Scott-ST Moderator: 59.12
JP: What ever your entry price was.
Ken-ST Moderator: STOPPED Consider exit in ERTS Breakeven
Ken-ST Moderator: STOPPED Consider exit in ERTS Breakeven
Ken-ST Moderator: STOPPED Consider exit in ERTS Breakeven
jy: I set my ERTS stop @59.29
jy: some profit is better than
Ken-ST Moderator: Watching for Type B Short at new low of the day on SINA 27.44
Ken-ST Moderator: Watching for Type B Short at new low of the day on SINA 27.44
Ken-ST Moderator: Watching for Type B Short at new low of the day on SINA 27.44
Ken-ST Moderator: wtg jy
DavidBer: ARGH - My short on ERTS @ 59.49 didn't fill!
DavidBer: Ken - why didn't you call WFMI earlier when HOD was 48.04 - it was level for a while and flew past it
Scott-ST Moderator: to call a HOD it needs to be above the 5 ema
Scott-ST Moderator: WFMI is still below the 5 ema
Ricky: how do i get my chart back without logging out?
Scott-ST Moderator: right click
Scott-ST Moderator: and select refresh
Scott-ST Moderator: right click where the table should be
Ken-ST Moderator: Watching for Type B Short at new low of the day on TRAK 27.19
Ken-ST Moderator: Watching for Type B Short at new low of the day on TRAK 27.19
Ken-ST Moderator: Watching for Type B Short at new low of the day on TRAK 27.19
Scott-ST Moderator: wb
Ken-ST Moderator: WB
jvt: sina near
Ken-ST Moderator: TYPE B Trade (Gap). Consider Short SINA 27.44
Ken-ST Moderator: TYPE B Trade (Gap). Consider Short SINA 27.44
Ken-ST Moderator: TYPE B Trade (Gap). Consider Short SINA 27.44
Ken-ST Moderator: UPDATE: Moving stop on SINA 27.92
Ken-ST Moderator: UPDATE: Moving stop on SINA 27.92
Ken-ST Moderator: UPDATE: Moving stop on SINA 27.92
Ken-ST Moderator: TRAK
Ken-ST Moderator: is close
Elaine: my left handside keeps logging out...does anyone know why (blackboard)
Ken-ST Moderator: on thin side
Ken-ST Moderator: be aware
JQ: Scott forgot to feed the hampsters
Ken-ST Moderator: Watching for Type B Short at new low of the day on ERTS 57.93
Ken-ST Moderator: Watching for Type B Short at new low of the day on ERTS 57.93
Ken-ST Moderator: Watching for Type B Short at new low of the day on ERTS 57.93
Scott-ST Moderator: Looking into it Elaine
Ken-ST Moderator: RRBG Testing its 5 ema on 5 min
JP: Wow, anybody get RRGB?
Ken-ST Moderator: Watching for Type B Short at new low of the day on FAST 37.41
Ken-ST Moderator: Watching for Type B Short at new low of the day on FAST 37.41
Ken-ST Moderator: Watching for Type B Short at new low of the day on FAST 37.41
Scott-ST Moderator: we can issue a long watch once it pulls back and consolidates a bit
Ken-ST Moderator: TYPE B Trade (Gap). Consider Short FAST 37.41
Ken-ST Moderator: TYPE B Trade (Gap). Consider Short FAST 37.41
Ken-ST Moderator: TYPE B Trade (Gap). Consider Short FAST 37.41
Ken-ST Moderator: Watching for Type B Buy at new high of the day on RRGB 34.91
Ken-ST Moderator: Watching for Type B Buy at new high of the day on RRGB 34.91
Ken-ST Moderator: Watching for Type B Buy at new high of the day on RRGB 34.91
Cale: SNDK on a run up
Ken-ST Moderator: WB
Ken-ST Moderator: RRGB getting clos
Welcome to SwingTrades.com!
Cale has entered DayTrading Chat
Room is moderated
You can now talk
Scott-ST Moderator: WB
Ken-ST Moderator
Ken-ST Moderator
Ken-ST Moderator
Cale ty
Ken-ST Moderator: TYPE B Trade (Gap). Consider Buy RRGB 34.91
Ken-ST Moderator: TYPE B Trade (Gap). Consider Buy RRGB 34.91
Ken-ST Moderator: TYPE B Trade (Gap). Consider Buy RRGB 34.91
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Ken-ST Moderator
Ken-ST Moderator: UPDATE: Moving stop on RRGB 34.07
Ken-ST Moderator: UPDATE: Moving stop on RRGB 34.07
Ken-ST Moderator: UPDATE: Moving stop on RRGB 34.07
Ken-ST Moderator
Ken-ST Moderator: UPDATE: Moving stop on SINA 27.71
Ken-ST Moderator: UPDATE: Moving stop on SINA 27.71
Ken-ST Moderator: UPDATE: Moving stop on SINA 27.71
Ken-ST Moderator
Ken-ST Moderator
Ken-ST Moderator
Ken-ST Moderator
Ken-ST Moderator: 1% PROFIT HIT. Consider taking some profits in SINA 27.71
Ken-ST Moderator: 1% PROFIT HIT. Consider taking some profits in SINA 27.71
Ken-ST Moderator: 1% PROFIT HIT. Consider taking some profits in SINA 27.71
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Ken-ST Moderator
Ken-ST Moderator
Ken-ST Moderator
Ken-ST Moderator: 1% PROFIT HIT. Consider taking some profits in SINA
Ken-ST Moderator: 1% PROFIT HIT. Consider taking some profits in SINA
Ken-ST Moderator: 1% PROFIT HIT. Consider taking some profits in SINA
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Scott-ST Moderator: 27.16 = PROFIT
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JQ Super Ken Great Scott see you on the backside of the BLING!!!
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Ken-ST Moderator: tell Blk we said hi
Ken-ST Moderator: sorry, all I saw was backside
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Ken-ST Moderator
Ken-ST Moderator: STOPPED Consider exit in RRGB
Ken-ST Moderator: STOPPED Consider exit in RRGB
Ken-ST Moderator: STOPPED Consider exit in RRGB
Newbie :(
Ken-ST Moderator: [img id=em-4]
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Ken-ST Moderator: TSCO is a swing trade short for us that may be used as a da y trade
Ken-ST Moderator: its trigger is 47.86
DavidBer TRAK is tracking down - I have been in it already - It is VERY thin and hard to get out of positions
Ken-ST Moderator: cool
Ken-ST Moderator: its nearing the lod
osc it has a huge spread
DavidBer I had to come in above the ask to get my shares purchased back.
DavidBer SINA just hit new LOD
jvt i got worst fill on that
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jvt TSCo did it just jump right over trigger
Ken-ST Moderator: WFMI first break under the support area on daily
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Ken-ST Moderator
Ken-ST Moderator
Ken-ST Moderator
Ken-ST Moderator: TYPE B Trade (Gap). Consider Short TRAK 27.19
Ken-ST Moderator: TYPE B Trade (Gap). Consider Short TRAK 27.19
Ken-ST Moderator: TYPE B Trade (Gap). Consider Short TRAK 27.19
Ken-ST Moderator
Ken-ST Moderator: UPDATE: Moving stop on TRAK 27.51
Ken-ST Moderator: UPDATE: Moving stop on TRAK 27.51
Ken-ST Moderator: UPDATE: Moving stop on TRAK 27.51
allegro_bob wfmi new lod
allegro_bob out with just short of 1.5%
Ken-ST Moderator: Nice wtg
conanboxer The market tanked because the government numbers cannot be trusted????
allegro_bob I like that store too
Ken-ST Moderator: are they organic?
conanboxer I used to go to Whole Foods in Chelsea (NY). I saw so many famous people there.
conanboxer Now in tampa... I go to Walmart to buy organic food..
johnboy have a terrific weekend Ken/Scott, everybody..........thanks for the day
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jvt take care everyone see you guys next wk
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Scott-ST Moderator: later jvt
Scott-ST Moderator: have a good weekend
conanboxer I think gov should outsource those economic numbers....hire 3 firms and get average...Gov people don't get fired so they have no incentive to be accurate.
Scott-ST Moderator: lol
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allegro_bob erts - what a ride - near hod
Scott-ST Moderator: did you get in bob?
Ken-ST Moderator: brb gang
Scott-ST Moderator
Scott-ST Moderator
Scott-ST Moderator
Scott-ST Moderator: 1% PROFIT HIT. Consider taking some profits in TRAK
Scott-ST Moderator: 1% PROFIT HIT. Consider taking some profits in TRAK
Scott-ST Moderator: 1% PROFIT HIT. Consider taking some profits in TRAK
Scott-ST Moderator: 1% PROFIT HIT. Consider taking some profits in TRAK
rwalsh sndk low of day coming
Cale yea baby go SNDK
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Scott-ST Moderator
Scott-ST Moderator
Scott-ST Moderator: CANCEL ALL TYPE B ALERTS
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osc what's the stop on TSCO
Scott-ST Moderator: TSCO isnt on our list
osc you suggested it as an addition
Ken-ST Moderator: its on our swing trade
osc you wrote that it may be used as a daqytrade
osc check your previous posting
Ken-ST Moderator: any swing trade on our list may be used as a swing trade
allegro_bob wfmi new lod
allegro_bob cha ching
osc Ken if you say something may ber used as a daytrade don't say afterwards that it is not on the list
Scott-ST Moderator: you in bob?
Scott-ST Moderator: nice job
osc i am not a subscriber to swingtrade I go by what you write here
osc and that is what you wrote
allegro_bob don't know how to judge the bottom - just scalping now
osc it may be used as a daytrade and you gave a trigger
Ken-ST Moderator: yes
osc so please give a stop as well
Ken-ST Moderator: I just gave that ias an option as a free alert
osc great so for those who took the "free alert" can we get a "free stop"
Ken-ST Moderator: I will give the swing trade stop
osc thank you
Scott-ST Moderator: 49.01
allegro_bob thx - didn't know it was a swing trade
allegro_bob wow - fast spiked down
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Ken-ST Moderator
Ken-ST Moderator: UPDATE: Moving stop to entry FAST
Ken-ST Moderator: UPDATE: Moving stop to entry FAST
Ken-ST Moderator: UPDATE: Moving stop to entry FAST
Ken-ST Moderator: scanning for Type C longs
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allegro_bob erts new hod
Ken-ST Moderator: market new lod during the lunch period
Scott-ST Moderator
Scott-ST Moderator
Scott-ST Moderator: Watching for possible Type C Buy on CAKE 26.08
Scott-ST Moderator: Watching for possible Type C Buy on CAKE 26.08
Scott-ST Moderator: Watching for possible Type C Buy on CAKE 26.08
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Ken-ST Moderator: hi Spemin
Scott-ST Moderator: [img id=em-4]
Scott-ST Moderator: shhh
Scott-ST Moderator: i know its friday but please be quite
Scott-ST Moderator
Scott-ST Moderator
Scott-ST Moderator
Scott-ST Moderator: 1% PROFIT HIT. Consider taking some profits in FAST
Scott-ST Moderator: 1% PROFIT HIT. Consider taking some profits in FAST
Scott-ST Moderator: 1% PROFIT HIT. Consider taking some profits in FAST
jy ty that woke me up
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Ken-ST Moderator: gj
Ken-ST Moderator: brb gang
Scott-ST Moderator: BRH
Ken-ST Moderator: back
hiphugger why was there no alerts or triggers on WFMI today-----did this not fit right in ??
hiphugger to short that is
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Ken-ST Moderator: earlier it was near the major trend lows
Ken-ST Moderator: in those cases we we usually wait for the first break and a subsequent consolidation
Ken-ST Moderator: but it didnt have any
Ken-ST Moderator: then ran into lunch
Ken-ST Moderator: market new lod
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hiphugger thx Ken----red or black----pass or don't pass----banker or player ?
Scott-ST Moderator: red, pass, banker [img id=em-10]
Ken-ST Moderator: lol
hiphugger hay----we are actually in the worlds largest casino right now
Ken-ST Moderator: ****tails, ****tails
Scott-ST Moderator: asstails asstails
Scott-ST Moderator: dicktails dicktails
Ken-ST Moderator: ?
Ken-ST Moderator: you are just happy that you are not censored
Ken-ST Moderator: market off the lows
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Ken-ST Moderator: caution on the shorts
Ken-ST Moderator: for now
Ken-ST Moderator
Ken-ST Moderator: CANCEL CAKE ALERT
DavidBer Dammit - I like Cake, not pie
Ken-ST Moderator: not going to force that one out
Ken-ST Moderator: the 20 EMA is looming right above on that one
Ken-ST Moderator: Intraday Trend is Sideways to Up
Ken-ST Moderator: market making a nice surge off the lows
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Ken-ST Moderator: Gang,we strongly suggest that a 5 minute candlestick chart of the SPX be kept open to give you a visual of current market conditions, overlay this chart with 5, 20 and 50 ema and slow stochastics.  You will find that this will help you with your personal daytrading, giving you the “heartbeat” of the market.
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Ken-ST Moderator: any questions?
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Ken-ST Moderator: wb
rwalsh nope, i'm outta here....thanks guys and we will see you monday
Ken-ST Moderator: ok rwalsh
Ken-ST Moderator: have a good one
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Ken-ST Moderator: nothing much going on in the market righ tnow
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Ken-ST Moderator: TSCO new lod
JP AQNT LOD is close....not sure if I want to play it though.
Ken-ST Moderator: yup it is near the bottom of a previous big green candle
Ken-ST Moderator: market in sideways range right now
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Ken-ST Moderator: wow this market has two more hours
Ken-ST Moderator: its dragging
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Ken-ST Moderator
Ken-ST Moderator: Watching for Type B Short at new low of the day on WFMI 45.65
Ken-ST Moderator: Watching for Type B Short at new low of the day on WFMI 45.65
Ken-ST Moderator: Watching for Type B Short at new low of the day on WFMI 45.65
jy ken, i scake still valid ??
Ken-ST Moderator: No
jy any reason ??
jy it has a long consolidation
jy WFMi close
jy WFMI teasing
Ken-ST Moderator
Ken-ST Moderator
Ken-ST Moderator
Ken-ST Moderator: TYPE B Trade (Gap). Consider Short WFMI 45.65
Ken-ST Moderator: TYPE B Trade (Gap). Consider Short WFMI 45.65
Ken-ST Moderator: TYPE B Trade (Gap). Consider Short WFMI 45.65
allegro_bob sometimes it's like the market makers subscribe to this service :) wmfi
allegro_bob wfmi
Ken-ST Moderator
Ken-ST Moderator: UPDATE: Moving stop on WFMI 46.29
Ken-ST Moderator: UPDATE: Moving stop on WFMI 46.29
Ken-ST Moderator: UPDATE: Moving stop on WFMI 46.29
allegro_bob erts new hod
Ken-ST Moderator: market nearing oversold
Ken-ST Moderator: overbought rather
Scott-ST Moderator: Ken is the market maker
Scott-ST Moderator: looks like CAKE hit and pulled back
Ken-ST Moderator: gang the stop is a little off.
Ken-ST Moderator: I will repost the stop
Ken-ST Moderator
Ken-ST Moderator: UPDATE: Moving stop on WFMI 46.33
Ken-ST Moderator: UPDATE: Moving stop on WFMI 46.33
Ken-ST Moderator: UPDATE: Moving stop on WFMI 46.33
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Ken-ST Moderator: wb
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Ken-ST Moderator
Scott-ST Moderator
Ken-ST Moderator: STOPPED Consider exit in WFMI
Ken-ST Moderator: STOPPED Consider exit in WFMI
Ken-ST Moderator: STOPPED Consider exit in WFMI
Scott-ST Moderator: STOPPED Consider exit in WFMI
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Scott-ST Moderator: the stop is at 46.33
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j5 wow rough day
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j5 ken/scott what do you guys make of this market
Ken-ST Moderator: in an overall downtrend
Ken-ST Moderator: market is now coming off overbought levels
j5 you think that was the top there
Ken-ST Moderator: top for now
Ken-ST Moderator: hard to say if absolute top
Ken-ST Moderator: but the trend has been broken adn we are in a sideways to down on the Hourly charts
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Ken-ST Moderator: wb
Ken-ST Moderator
Ken-ST Moderator: CANCEL ALL ALERTS
Ken-ST Moderator: tough day.
Ken-ST Moderator: Currently the market is testing its 20 day EMA
Elaine real tough - but good job anyway-have a good weekend.
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Ken-ST Moderator: we may see some consolidation around this area before making another trend move
Ken-ST Moderator: tc elaine
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Scott-ST Moderator: okay Gang have a wonderfull weekend
Scott-ST Moderator: see everyone Monday