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********** Good Morning Everyone
********** Fri November 10th 2006
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It does not matter how slowly you go so long as you do not stop.
- Confucius
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chrysler has entered DayTrading Chat
Pontiff has entered DayTrading Chat
j5 has entered DayTrading Chat
nm "You can be charming for the first 15 minutes, after that, you better know something." Anonymous
Pontiff Ken same for the S&P today???
Ken-ST Moderator
Ken-ST Moderator: Futures are currently gapping up 0.50 points and just off previous day’s lows. Overall market is noted as in a sideways to slightly uptrend. Note however, with the market surging intraday to new highs and a subsequent drop, we remain very cautious of the market short term. We will keep a close watch of the Hourly charts for any crossovers down which would confirm a bearish trend.
Ken-ST Moderator: yes pontiff
eddie has logged out
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Ricky has entered DayTrading Chat
Ken-ST Moderator: gm eddie, chrysler, Pontiff, j5, Ricky
Ricky gm
dennis has entered DayTrading Chat
j5 hourly spx 5ma crossing 20ema
garry has entered DayTrading Chat
mike has entered DayTrading Chat
eddie gm
Ken-ST Moderator: gm dennis, garry, mike
mike gm
Ken-ST Moderator: yes j5, keep a close watch
j5 will do
djg ADBE has a stop almost 10 points below entry
j5 haha, that's wrong
JP It should be 39.41
Scott-ST Moderator
Scott-ST Moderator
Scott-ST Moderator
Scott-ST Moderator: *** Opening Bell ***
Scott-ST Moderator: *** Opening Bell ***
Scott-ST Moderator: *** Opening Bell ***
Scott-ST Moderator: fixed
Scott-ST Moderator: ty djg
Ken-ST Moderator
Ken-ST Moderator: Watching for Type B Short at new low of the day on ERTS 57.14
Ken-ST Moderator: Watching for Type B Short at new low of the day on ERTS 57.14
Ken-ST Moderator: Watching for Type B Short at new low of the day on ERTS 57.14
j5 only shorts for me today i guess
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Ken-ST Moderator
Ken-ST Moderator: Watching for Type B Short at new low of the day on CPKI 29.66
Ken-ST Moderator: Watching for Type B Short at new low of the day on CPKI 29.66
Ken-ST Moderator: Watching for Type B Short at new low of the day on CPKI 29.66
Ken-ST Moderator
Ken-ST Moderator: Watching for Type B Buy at new high of the day on PSUN 19.01
Ken-ST Moderator: Watching for Type B Buy at new high of the day on PSUN 19.01
Ken-ST Moderator: Watching for Type B Buy at new high of the day on PSUN 19.01
Ken-ST Moderator: CMCSA is still in a range
Ken-ST Moderator: CPKI is on thin side
Ken-ST Moderator: very volatile
Ken-ST Moderator: be aware
Ken-ST Moderator
Ken-ST Moderator
Ken-ST Moderator
Ken-ST Moderator: TYPE B Trade (Gap). Consider Short CPKI 29.66
Ken-ST Moderator: TYPE B Trade (Gap). Consider Short CPKI 29.66
Ken-ST Moderator: TYPE B Trade (Gap). Consider Short CPKI 29.66
NEwbie stop on cpki?
Cale MDTL ??
Ken-ST Moderator: currently hod
Ken-ST Moderator: MDTL looks like a good setup
Ken-ST Moderator: we missed an entry at 22.80
Ken-ST Moderator: we'll keep eye on it
Ken-ST Moderator
Ken-ST Moderator: UPDATE: Moving stop on CPKI 30.01
Ken-ST Moderator: UPDATE: Moving stop on CPKI 30.01
Ken-ST Moderator: UPDATE: Moving stop on CPKI 30.01
DavidBer 22 cent spread on cpki
DavidBer now 2 cent :)
DavidBer are there crickets in the room, that is all I hear
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Scott-ST Moderator: lol
Cale go SNDK GO
Cale down down down
Scott-ST Moderator: SNDK was one of your Swing Trade Picks
Scott-ST Moderator: your = our
Ken-ST Moderator
Ken-ST Moderator: STOPPED Consider exit in CPKI
Ken-ST Moderator: STOPPED Consider exit in CPKI
Ken-ST Moderator: STOPPED Consider exit in CPKI
jvt wow bad awful fills
NEwbie OUCH>>>>>
rwalsh that is a nasty mover
NEwbie should have stayed in bed..
Ken-ST Moderator
Ken-ST Moderator: Watching for Type B Buy at new high of the day on CPKI 30.51
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Ken-ST Moderator: Watching for Type B Buy at new high of the day on CPKI 30.51
Ken-ST Moderator: Watching for Type B Buy at new high of the day on CPKI 30.51
DavidBer Ken is looking for more pain
Ken-ST Moderator: Cancel CMCSA watch
jvt we missed crox
Ken-ST Moderator: it was our Swing Trade alert
Ken-ST Moderator
Ken-ST Moderator: Watching for Type B Short at new low of the day on MDTL 22.59
Ken-ST Moderator: Watching for Type B Short at new low of the day on MDTL 22.59
Ken-ST Moderator: Watching for Type B Short at new low of the day on MDTL 22.59
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jvt not shortable for me
Ken-ST Moderator: MDTL is close
Ken-ST Moderator
Ken-ST Moderator: Watching for Type B Short at new low of the day on PSUN 18.40
Ken-ST Moderator: Watching for Type B Short at new low of the day on PSUN 18.40
Ken-ST Moderator: Watching for Type B Short at new low of the day on PSUN 18.40
Ken-ST Moderator: PSUN is close to long alert
DavidBer that was a tease
NEwbie PSUNis that a cup and Handle?
jvt ntes is near
Cale PSUN is just a big teas
Cale tease
NEwbie lol
Ken-ST Moderator
Ken-ST Moderator
Ken-ST Moderator
Ken-ST Moderator
Ken-ST Moderator: TYPE B Trade (Gap). Consider Buy PSUN 19.01
Ken-ST Moderator: TYPE B Trade (Gap). Consider Buy PSUN 19.01
Ken-ST Moderator: TYPE B Trade (Gap). Consider Buy PSUN 19.01
Ken-ST Moderator
Ken-ST Moderator: UPDATE: Moving stop on PSUN 18.59
Ken-ST Moderator: UPDATE: Moving stop on PSUN 18.59
Ken-ST Moderator: UPDATE: Moving stop on PSUN 18.59
NEwbie she gave in..
Ken-ST Moderator: Holy tan machines batman
Ken-ST Moderator: Chckeout Hampton Peircson
j5 lmao
Ken-ST Moderator: on CNBC
Ken-ST Moderator: ah missed it
JP Didn't he used to be white?
Ken-ST Moderator: that dude changes from dark to white and back again every week
JP lol
Ken-ST Moderator: lol JP
Cale lol
JP Reminds me of that Seinfeld episode where Kramer got a tan.
Ken-ST Moderator: lmao
JQ hamptan is a nudist
DavidBer wicked spike on mdtl
Ken-ST Moderator: Danger mouse
JQ Cale see he every weekend
Cale huh?
Cale not everyweekend
j5 wikied spx
Ken-ST Moderator: CPKI is close
Ken-ST Moderator: MDTL is close
JQ Liz's pearl necklace has a clump in the middle of it
DavidBer That would be me
Pontiff has logged out
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DavidBer oh I am sorry, I just woke up from my dream
Ken-ST Moderator: lmao David
Cale puke
JQ lol
j5 no shorts mdtl
DavidBer bring something better to the table cale
jvt yep no short
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Ken-ST Moderator
Ken-ST Moderator
Ken-ST Moderator
Ken-ST Moderator: TYPE B Trade (Gap). Consider Short MDTL 22.59
Ken-ST Moderator: TYPE B Trade (Gap). Consider Short MDTL 22.59
Ken-ST Moderator: TYPE B Trade (Gap). Consider Short MDTL 22.59
mike has logged out
Ken-ST Moderator: PSUN new hod
Ken-ST Moderator
Ken-ST Moderator
Ken-ST Moderator
Ken-ST Moderator: 1% PROFIT HIT. Consider taking some profits in MDTL
Ken-ST Moderator: 1% PROFIT HIT. Consider taking some profits in MDTL
Ken-ST Moderator: 1% PROFIT HIT. Consider taking some profits in MDTL
j5 of course
j5 sorry, nice guys
DavidBer rub it in that there were NO shorts for ME!!!!!!
Ricky Was anyone able to buy it?
toolhater who saw shorts in that trade?
djg nope
NEwbie gj, guys nice call, wish I could have got some..
ellagero nope
JQ Cale's to hurt he lost Erin to Cramer he may never be the same DavidB
Ken-ST Moderator
Ken-ST Moderator: UPDATE: Moving stop to entry PSUN
Ken-ST Moderator: UPDATE: Moving stop to entry PSUN
Ken-ST Moderator: UPDATE: Moving stop to entry PSUN
Cale lol JQ
nm no shorts for me either on MDTL...Ken what trading site do you use again?
Ken-ST Moderator: Gang, PSUN has been consolidating just above 19 since triggering. It made a nic run toward target
JQ LOL Bro dingdong
Ken-ST Moderator
Ken-ST Moderator: STOPPED Consider exit in PSUN Breakeven
jvt psun :-(
Ken-ST Moderator: STOPPED Consider exit in PSUN Breakeven
Ken-ST Moderator: STOPPED Consider exit in PSUN Breakeven
Ken-ST Moderator: we will not risk a potential double top there in this market
Ken-ST Moderator: if you want a looser stop 18.98
JQ you the boss
Scott-ST Moderator: Yes he is
Ken-ST Moderator: CPKI is close
toolhater can i ask where you guys saw shorts at for mdtl? wouldnt it be wise to use the broker u guys use sowe can at least be able to trade what u do?
Ken-ST Moderator: tool, if you are not able to trade the call, hte next best thing is to note the setup so that you can understand and apply the steup to other stocks
nm Ken, who do you trade with?
Ken-ST Moderator: SOF Direct: aka Speedtrader
nm thx
toolhater ic,so when u guys give out a pick one of the criteria is NOT being shortable?
JQ Speed-o-Trader thats Cales firm
Ken-ST Moderator: it doesnt matter for us. We are simply apply the strategies t
toolhater ic, sorry just trying to understand
j5 two pizzas with anchovies pls
Ken-ST Moderator: we are merely showing how it is implemented. and documenting how it works.
Ken-ST Moderator: np tool
j5 man those 5m spx candles, talk about sideways
Scott-ST Moderator: The Exchange observes two minutes of silence, which will be webcast live at 11 a.m. ET.
Ken-ST Moderator: Intraday Trend is Sideways to Down
DavidBer Nah it's breakfast here j5. Time for good southern breakfast for me - bacon, eggs and grits
j5 what's that scott?
DavidBer anyone else find it funny that they are broadcasting silence?
toolhater what should i note about te setup for mdtl
j5 what the hell are you guys talking about?
JQ lol
j5 lol tool
Ken-ST Moderator: the setup for the short
Scott-ST Moderator: for Veterns Day
eddie shhhh
Scott-ST Moderator: Veterans
j5 you should not that you should have shorted it, j/k
j5 i wish i had
toolhater when a stock is not shortable, is it not shortable anywhere?
Ken-ST Moderator: no it depends on your broker
toolhater ic
DavidBer tool - sometimes - depends on the broker and their inventory
Ken-ST Moderator: Harmon for instance often finds shorts for their traders intraday
toolhater how about speedtrader?
Cale just ask David-Harmon he can check to see if there are any shorts
JQ are they clean cale
toolhater i'd like to know the broker most likekly to execute the picks you guys are making, shorts included
Cale lol JQ
DavidBer good luck tool - every broker has their pros and cons - i use fidelity - others use schwab, tradestation, harmon
Cale have to ask David-Harmon
JQ Ken look deep in your crystals
Ken-ST Moderator: its hard to say. Speedtrader uses penson to clear. but they are good in that htey will find shorts intraday.
JP Shorts very from broker to broker so it is impossible to say tool.
JP shorts vary
toolhater ic
Ken-ST Moderator: Harmon's big advantage is the lack of Day Trading restrictions for traders with less than 25k
Cale DBer i thought you were moving from Fidelity?
j5 ken how can they "find" thses stocks, what does that mean? just curious
Ken-ST Moderator: inventories change throught the day
Ken-ST Moderator: throughout
toolhater ken, if i had been on speedtrader, would i have been ableto short mdtl?
Ken-ST Moderator: wow, Liz looks dreamy today
DavidBer Cale - i think about it but never do it - i like the fact that they are 2 miles from my house and I can go and bitch at them. Plus they feed me when I show up :)
j5 ic, tks
JP If you to maximize your chances of having the ability to short everything you should probably have a few different accounts at various brokerages.
j5 they feed you, man, that would sell me any broker, lol
DavidBer Liz looks dreamy every day ken - makes me understand how stalkers are the way they are
j5 they can even sell me mutual funds, lmao
djg all i get is soda water or coffee
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Ken-ST Moderator: lmao
j5 tool, there are many setups that aren't shortable
DavidBer djg - put more money in your account - they will kiss your ass - I used to have another account with my partner with them - 7 digits in it and they really kissed my ass.
j5 hehe, i bet david
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djg my mom has her account there and she gets a lot she gave me baseball seats they gave her that were in a free food with waiter section a couple rows behind home plate
DavidBer tool - you also will find that fills are important. there was a big talk here a while ago about tradestation and slippage.
j5 ok, better go, not a great, but should have follow my instincts, oh well
Ken-ST Moderator: ok j5 have a good weekend
Ken-ST Moderator: market just off the lod
j5 ok ken, other, enjoy the weekend
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Ken-ST Moderator: near the p/d lows as well
DavidBer damn market is closed monday isn't it?
Ken-ST Moderator: no its open
Ken-ST Moderator: Veterens day is Observed today
DavidBer Ahh cool!
Ken-ST Moderator: thats why its slow
Scott-ST Moderator: No mail is running today
DavidBer Just found out my daughter has school on monday while others do not.
toolhater has logged out
Scott-ST Moderator: http://www.usps.com/communications/news/uspscalendar.htm
Ken-ST Moderator: better than dropping off you daughter at school, only to find out later in the day that there was none
DavidBer I don't think she would let us forget it is a day off though!
Scott-ST Moderator: lol
Ken-ST Moderator: true that
jvt ok i'm callig it a day worst day ever in 2 months....good luck everyone
DavidBer see ya - mine was yesterday!
Ken-ST Moderator: ok jvt have a good one
jvt has left the room
Scott-ST Moderator: Later jvt
DavidBer little slow scott
Ricky Ken, for a relatively new day trader, which of the videos would you recommned.
Scott-ST Moderator: lol
DavidBer oh **** - here comes Scott video salesman
Scott-ST Moderator: ALL OF Them RICKY
Scott-ST Moderator: lol
Ken-ST Moderator: The Day Trading video goes over our strategies
Scott-ST Moderator: start with the strategy
Ken-ST Moderator: The Market Assessment goes over our stop management and assessing market trend
Ricky Does it have a good amount of chart coverage?
Ricky The Day Trading one that is.
Ken-ST Moderator: it is specific to our three strategies
Scott-ST Moderator: http://www.swingtrades.com/video.htm
Cale thats the one I review all the time
Ricky Do you have Scott on commission?
Scott-ST Moderator: [img id=em-10]
Ken-ST Moderator: nah
Ricky Which, Cale, the Day Trading video?
Cale Its called Day Trading Strategies
Ricky Cool. Thanks.
Cale as a new trader I would also suggest Market Assessment
Ricky Not a new trader, just day.
Cale ah
Ricky Ken, how long are the video's?
Scott-ST Moderator: 30 to 45 min
Ken-ST Moderator: Half hour or so
Ken-ST Moderator: Scotts home video, 2 minutes
Ricky Thanks.
DavidBer Ken with Liz -15 seconds
eddie I have some home videos for sale!!!
Ken-ST Moderator: that long?
DavidBer 14 seconds to get undressed ken
Ken-ST Moderator: lol
Ken-ST Moderator: lmao
Ken-ST Moderator
Ken-ST Moderator: CANCEL ALL TYPE B ALERTS
Ken-ST Moderator: gang a lot of range going on
Ken-ST Moderator: not a day to try and force out trades
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djg what is a good day to force trades?
DavidBer Read that as . . . Ken wants to leave early today
Scott-ST Moderator: no day djg
djg just checking
Scott-ST Moderator: [img id=em-5]
Cale hey, Liz?? I wanted to see the cake cutting :(
DavidBer sssh cale - liz is a goddes - she can do what she wants
Cale bla bla bla
DavidBer blasphemy!
Scott-ST Moderator: lol
Scott-ST Moderator: what exactly is Blasphemy?
Scott-ST Moderator: Blasphemy is the defamation of the name of God.
Scott-ST Moderator: Blasphemy (Greek blaptein, "to injure", and pheme, "reputation") signifies etymologically gross irreverence towards any person or thing worthy of exalted esteem.
DavidBer And liz is a goddes - like duh scott
Scott-ST Moderator: lol
DavidBer ken where did you find this guy at? Doesn't he see quality like the rest of the world?
Ken-ST Moderator: lol
Ken-ST Moderator: Scott thought Mrs. Garrett from Facts of Life was hot.
Ken-ST Moderator: go figure
DavidBer ouch
Scott-ST Moderator: he is so mean to me
Ken-ST Moderator: [img id=em-1]
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DavidBer why because he speaks the truth?
Ken-ST Moderator: lol
Scott-ST Moderator: pick on Cale
Cale NOT
Cale Mrs. Garrett is nice but Silvia Rocks!!!
DavidBer Silvia would be a beast in the sack.
Ken-ST Moderator: oh god
Scott-ST Moderator: Blasphemy
DavidBer ken you know she is a tough chick - notice the tatoos on her?
Scott-ST Moderator: LOL Chinda
Cale Tattoo on Liz, what ever
Cale does it say "MOM"
DavidBer tats on sivlia not liz - liz is perfection
JQ Boy's gentle with Cale he lost Erin he only has SILVIA now
Cale I am kinda on the rebound :(
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Scott-ST Moderator: Scanning for Type C's
DavidBer I just want to slap whoever does erins hair - one day it looks like a lampshade next day it is ok
Scott-ST Moderator: lol
Scott-ST Moderator: LMAO Lampshade
Cale stop picking on my Goddess
JQ cale you will need some arm extensions for Silvia
Cale Thanks okay
DavidBer cale needs beer goggles for silvia
chrysler Scott, I doubt it will get there (unless the markets tank) but I'm watching QCOM for a short at 34.09 (please correct me if I'm wrong).
Ken-ST Moderator: lol david
Ken-ST Moderator: market total range right now
Scott-ST Moderator: looks good Chrysler
Scott-ST Moderator: but you may want to look just a bit lower for a bettery entry
Scott-ST Moderator: Swingtrade or day trade?
Scott-ST Moderator: lol I said bettery
chrysler Whatever works better at the time. I would initially do it as a day-trade but it all depends on how the markets are and how it reacts in respect to the markets.
Scott-ST Moderator: okay, because you will find a lot of support just under 34 area
Scott-ST Moderator: note the swing point in mid Aug
JQ boy"s I am out HAVE great weekend!!! bling bling over & OUT
Scott-ST Moderator: Later JQ
Scott-ST Moderator: have a good weekend
JQ has logged out
Cale later JQ
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johnboy good morning everybody
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Scott-ST Moderator: JB
Scott-ST Moderator: good morning
Scott-ST Moderator: we were just talking about you
Scott-ST Moderator: I was saying that Johnboy has been MIA for the past few days
johnboy tough week, next week should be better
Scott-ST Moderator: sorry to hear Johnboy
Scott-ST Moderator: manage your capital and there is always a better day
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johnboy lol........not bad trading week, just too much going on outside of trading
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Scott-ST Moderator: ah
Scott-ST Moderator: well, What doesnt Kill you, will make you stronger, right?
johnboy I hear that's the new logo on Earthbound Farms Spinach
johnboy ouch, that's kind of cold
johnboy scratch that, that's in poor taste even for me
Scott-ST Moderator: lol
Cale scratch what JB
johnboy you know what I'm talking about honey
Ricky has logged out
Cale wink wink
Scott-ST Moderator: Cale what are you Winking at? or better asked Who are you winking at
DavidBer calm down cale - gf is on the tube
Scott-ST Moderator: lol I think he missed hr
Scott-ST Moderator: her
DavidBer he was busy in the bathroom relieving himslef
Cale Lets just leave all my bodily functions out of this
Cale if thats okay?
DavidBer i didn't say what bodily function did i? you are the one that said PUKE earlier :)
Cale well I was thinking about all of them
Cale true
Cale but that was ME talking about my bodily functions
DavidBer you could have been praying to the porcelain god
johnboy we call it "driving the porcelain bus"
johnboy or "wearing the technicolour raincoat"
Cale lol
Cale Praying to the Porcelain God
Scott-ST Moderator: Wow I missed the days best conversations
Ken-ST Moderator: no trend ont he market
Ken-ST Moderator: no Type Cs
Ken-ST Moderator: trading is dead
Ken-ST Moderator: any big plans for the weekend?
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Ken-ST Moderator: No big plans as of yet
Ken-ST Moderator: ?
chrysler I get to cut up 2 more trees. Want to help?
Ken-ST Moderator: wow that sounds like fun.
Ken-ST Moderator: I would hate to take away from others though.
Ken-ST Moderator: Ill pass
chrysler I did 2 trees this last weekend and have about 50% of the branches off the other 2 trees. These 4 trees blew down in some storms we had back in July but I didn't have anywhere to burn the branches until the crops were out of the field. The trunks I'll cut up for firewood so I should get about $100 for that.
chrysler Ken, how come you never want to help me with my tree cutting or mowing here? Did you grow up in the city????? It sounds like you are slacking off to me!! lol
johnboy lol..........my back aches just thinking about that....
chrysler I also spent about 10 hours raking leaves in the past few days and I would rather cut up trees and there's more overall motion with the body, unlike raking which is very boring (and causes blisters to the hands!).
Ken-ST Moderator: lol, I grew up in the country. I dont like working in the yard at all.
johnboy chrysler, just anonymously report to the DEA that there is a meth lab in your house........and then there helicopters will blow the leaves away
chrysler One thing about using a chainsaw is that you can really take out some built up frustrations!!!
Ken-ST Moderator: lmao
chrysler jb, I do know of a older 2 story house about 1 mile away that there was suspected drug activity there (vacant house for years) and the authorities did come in, searched the house and then burned it down to the ground! I was never in it but still hate to see a building demolished unless it's beyond repair.
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johnboy bummer chrysler, that's the way she goes
johnboy thanks for the week Ken/Scott/Bueller/Everybody..............see you all next week..............seacrest out
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Ken-ST Moderator: ok jb
Scott-ST Moderator: Take Care JB
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Scott-ST Moderator: Later djg
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Ken-ST Moderator: gang, we will not likely issue any more alerts
Ken-ST Moderator: the market is in a tight range with not much action going on
JP Have a good weekend everyone.
JP has logged out
Scott-ST Moderator: later JP