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********** Good Morning Everyone
********** Tuesday February 27th, 2007
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MS: Chinese market drop like a rock last night
Scott-ST Moderator: any reason given?
Jen: 4 straight down days in the Dow is what I heard
duke: the' Green Meanie has spoke"
duke: talk of recession
duke: the dope
Scott-ST Moderator: yes mam
duke: greenspan says one thing...bernanke says another
Scott-ST Moderator: gm emilio
emilio: bad morning
MS: Chinese market drop 9.3% why? "The most important reason for today's decline was pressure for profit-taking," said Peng Yunliang, a senior analyst at Shanghai Securities.
kami: gm all
Scott-ST Moderator: gm kami
Scott-ST Moderator: greedy profit takers
Scott-ST Moderator: can you imagen taking profits
Scott-ST Moderator: bah
Scott-ST Moderator: gm pb
pb: gm everyone!
Ken-ST Moderator: The market has been in such a tight channel. It usually ends in a violent move
pb: gm Ken
Ken-ST Moderator: either up or down
pb: gm Scott
MS: This time I think it's down
duke: is this the "big one" Elizabeth?
Scott-ST Moderator: gm JQ
Scott-ST Moderator: gm gregory
gregory: gm
Scott-ST Moderator: gm bobby
JQ: GM Great Scottbo
Ken-ST Moderator: gm JP, Ricky, emilio, jeramie, kami, pb, gregory, JQ, bobby
Ken-ST Moderator: gm aelx
bobby: gm guys
Scott-ST Moderator: gm alex
Ken-ST Moderator: alex
alex: gm all
alex: gm Ken, Scott
Scott-ST Moderator: HOLD ON TO YOUR HATS TODAY Thats for sure
Scott-ST Moderator: gm djg
Ken-ST Moderator: gm djg
MS: Ken CROX already past the short entry Now @ 50,72 our entry is 50.11 (too bad)
JQ: CAN I LOOK ETHEL!!!
MS: I meant 51.11
Ken-ST Moderator: there is still a chance of an entry
Ken-ST Moderator: within .15
djg: gm
duke: cnn...reports biggest drop in durable orders in 10 yrs.
Ken-ST Moderator: so an open of 50.97 or higher and its valid
Ken-ST Moderator: the bid is currently 51.00
MS: You mean 50,96 would still be a good entry?
Ken-ST Moderator: 50.97
Ken-ST Moderator: or higher
MS: OK
Jen: no shares available for me CROX
MajomX: gm
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: 5 min Chart: Downtrend with 20 EMA below the 50 EMA

Futures are down 13 points. Overall market bias is to the downside. We are encountering large volatility in the futures market. Trade carefully out there. Note also we are making a considerable break below the 20 day EMA, breaking a multi-month trend.
Ken-ST Moderator: Adding WYNN to watch
Scott-ST Moderator: Lets Get this Party Started
Ken-ST Moderator: Good trading gang
JQ: DO IT!!!!!
MS: CROX - NO good Open 50,32
Ken-ST Moderator: yup too bad, thats a cancel
Scott-ST Moderator: RIMM GAPED Down at the hopen
Jen: SNDK?
Scott-ST Moderator: thanKS Jen, we will add SNDK
Ken-ST Moderator: Watching for Type B Short at new low of the day on WYNN 97.59
Ken-ST Moderator: Watching for Type B Short at new low of the day on WYNN 97.59
Ken-ST Moderator: Watching for Type B Short at new low of the day on WYNN 97.59
Ken-ST Moderator: Watching for Type B Short at new low of the day on SHFL 20.30
Ken-ST Moderator: Watching for Type B Short at new low of the day on SHFL 20.30
Ken-ST Moderator: TYPE B Trade (Gap). Consider Short WYNN 97.59
Ken-ST Moderator: TYPE B Trade (Gap). Consider Short WYNN 97.59
Ken-ST Moderator: TYPE B Trade (Gap). Consider Short WYNN 97.59
Ken-ST Moderator: TYPE B Trade (Gap). Consider Short WYNN 97.59
Ken-ST Moderator: TYPE B Trade (Gap). Consider Short SHFL 20.30
Ken-ST Moderator: TYPE B Trade (Gap). Consider Short SHFL 20.30
Ken-ST Moderator: TYPE B Trade (Gap). Consider Short SHFL 20.30
Ken-ST Moderator: 1% PROFIT HIT. Consider taking some profits in WYNN
Ken-ST Moderator: 1% PROFIT HIT. Consider taking some profits in WYNN
Ken-ST Moderator: 1% PROFIT HIT. Consider taking some profits in WYNN
Ken-ST Moderator: UPDATE: Moving stop on SHFL 20.59
Ken-ST Moderator: UPDATE: Moving stop on SHFL 20.59
Ken-ST Moderator: UPDATE: Moving stop on SHFL 20.59
MS: No shorts for me on SHFL or WYNN The short list at Trade Station is getting narrower every day
Ken-ST Moderator: Watching for Type B Short at new low of the day on SNDK 37.30
Ken-ST Moderator: Watching for Type B Short at new low of the day on SNDK 37.30
Ken-ST Moderator: Watching for Type B Short at new low of the day on SNDK 37.30
Scott-ST Moderator: the market sitting at its 50 ema on the daily
MS: wow SNDK whta's happening?
JQ: Calebo covering Captain
Scott-ST Moderator: lol
Ken-ST Moderator: adding EFUT to watch
Pontiff: Ken are you going into the futures room early today???
Ken-ST Moderator: No, why?
JQ: L M A O !!!!
JQ: bo
Ken-ST Moderator: you miss my voice in there already?
Scott-ST Moderator: lol
MS: SNDK very volotile today
Scott-ST Moderator: i KNOW I do
Ken-ST Moderator: CANCEL SNDK SHORT ALERT
JQ: ME TOO kenbo because IT IS the voice of$$$$$
Ken-ST Moderator: More so today there will be no early signals for me
JQ: there may be some smoke signals kenBO
MS: Cale not here today?
Scott-ST Moderator: Guess Not
Jen: Cale no doubt is playing his almight SNDK!
MS: Scott Did you see NTES after the report?
Ken-ST Moderator: 1% PROFIT HIT. Consider taking some profits in SHFL
Ken-ST Moderator: 1% PROFIT HIT. Consider taking some profits in SHFL
Ken-ST Moderator: 1% PROFIT HIT. Consider taking some profits in SHFL
Scott-ST Moderator: MS what happened?
Ricky: good day guys. See you tomorrow.
JQ: $$$$ TY
Scott-ST Moderator: take care Ricky
Scott-ST Moderator: did you play that MS?
Scott-ST Moderator: there goes SNE - no gap play
Ken-ST Moderator: adding CROX to watch
limey: Is anyone having trouble with trade reporting
Ken-ST Moderator: Watching for Type B Buy at new high of the day on CROX 50.71
Ken-ST Moderator: Watching for Type B Buy at new high of the day on CROX 50.71
Ken-ST Moderator: Watching for Type B Buy at new high of the day on CROX 50.71
JQ: Great Scott BRCD at HOD??
Scott-ST Moderator: looks like there is good resistance up at that area
Ken-ST Moderator: It is on its first break. I would wait for more consoldiation
Lippy: already made 1.5% with BRCD
Scott-ST Moderator: but looks good JQ
Scott-ST Moderator: good job Lippy
JQ: TY moderator TEAM!!!
Lippy: tx
Scott-ST Moderator: earnings lastnight?
Ken-ST Moderator: gj Lippy
JP: It got an upgrade this morning.
JP: Along with MRVL
Lippy: I'm learning from the best...
Scott-ST Moderator: ah, nice
Ken-ST Moderator: Watching for Type B Buy at new high of the day on SNDK 37.92
Ken-ST Moderator: Watching for Type B Buy at new high of the day on SNDK 37.92
Ken-ST Moderator: Watching for Type B Buy at new high of the day on SNDK 37.92
Ken-ST Moderator: Be aware that SNDK is still in recent range.
Ken-ST Moderator: but the setup looks solid
JQ: GOOD MORNING LIZ!!!!
Ken-ST Moderator: at support area
Ken-ST Moderator: LIZ nice
JQ: Don't look ethel
MS: Ken for some reason I have a hard time going against the current market don't ask me why.:)
JQ: WE need your Mind Clear!!!
Scott-ST Moderator: TYPE B Trade (Gap). Consider Buy SNDK 37.92
Scott-ST Moderator: TYPE B Trade (Gap). Consider Buy SNDK 37.92
Scott-ST Moderator: TYPE B Trade (Gap). Consider Buy SNDK 37.92
Ken-ST Moderator: UPDATE: Moving stop on SNDK 37.49
Ken-ST Moderator: UPDATE: Moving stop on SNDK 37.49
Ken-ST Moderator: UPDATE: Moving stop on SNDK 37.49
Ken-ST Moderator: Np MS
Ken-ST Moderator: nothing wrong with being selective
Scott-ST Moderator: LOL JQ
MS: The problem is that I miss your good trades
Scott-ST Moderator: understand
Scott-ST Moderator: you should trade what your most comfortable with
Ken-ST Moderator: the morning session is less influenced by the market momentum
Scott-ST Moderator: but you can always note your calls and refer to them again later if you see the same setup
Ken-ST Moderator: yup, learning from them is the next best thing
Ken-ST Moderator: perhaps taht will give you more confidence
MS: Yes I am trying very hard. Thanks for your good advice
Scott-ST Moderator: 1% PROFIT HIT. Consider taking some profits in SNDK38.30
Scott-ST Moderator: 1% PROFIT HIT. Consider taking some profits in SNDK38.30
Scott-ST Moderator: 1% PROFIT HIT. Consider taking some profits in SNDK38.30
Lippy: Missed it, but very good call Guys
Jen: that was a really good call. I bailed early because I was cynical!
MS: You see what I mean. Lost a good trade.
duke: good call boys
Ken-ST Moderator: gj
Mike22: good job. bailed at .29
Ken-ST Moderator: nice
Jen: CROX coming up
Ken-ST Moderator: CROX is close
Scott-ST Moderator: good job Duke
MS: close on CROX 50,65
djg: <-- not smart enough to be skeptical bah bah bah I'm a sheep
Scott-ST Moderator: okay Gang I need to take off for the day, Good Trades Everyone!!!!
Scott-ST Moderator: Good Job on todays Trading!!
MS: Bye Scott
Lippy: Take care Scott
duke: crox can't make up her mind
Scott-ST Moderator: see you all tomorrow
duke: bye scott
Ken-ST Moderator: Watching for Type B Buy at new high of the day on CTRP 59.26
Ken-ST Moderator: Watching for Type B Buy at new high of the day on CTRP 59.26
Ken-ST Moderator: Watching for Type B Buy at new high of the day on CTRP 59.26
Ken-ST Moderator: gang CTRP is on thin side so trade accordingly
Ken-ST Moderator: TYPE B Trade (Gap). Consider Buy CTRP 59.26
Ken-ST Moderator: TYPE B Trade (Gap). Consider Buy CTRP 59.26
Ken-ST Moderator: TYPE B Trade (Gap). Consider Buy CTRP 59.26
Ken-ST Moderator: UPDATE: Moving stop on CTRP 58.59
Ken-ST Moderator: UPDATE: Moving stop on CTRP 58.59
Ken-ST Moderator: UPDATE: Moving stop on CTRP 58.59
MS: CTRP so far volume 294000
MS: 12 cents spread
Ken-ST Moderator: .12 is not bad for a 60 dollar sock
Ken-ST Moderator: stock
Ken-ST Moderator: but yes the stock is on thin side
Ken-ST Moderator: but the volume will clear 500k today
MS: SHLD is $182.00 and has a 9 cents spread
MS: S&P index is only 2 points from LOD
Ken-ST Moderator: any other stocks to note?
Ken-ST Moderator: UPDATE: Moving stop to entry CTRP
Ken-ST Moderator: UPDATE: Moving stop to entry CTRP
Ken-ST Moderator: UPDATE: Moving stop to entry CTRP
Lippy: out at .69 I'm done for the day...maybe thanks again Ken
Ken-ST Moderator: sweet lippy
Ken-ST Moderator: wtg
Ken-ST Moderator: nice
Lippy: it is sweet indeed
Ken-ST Moderator: 1% PROFIT HIT. Consider taking some profits in CTRP
Ken-ST Moderator: 1% PROFIT HIT. Consider taking some profits in CTRP
Ken-ST Moderator: 1% PROFIT HIT. Consider taking some profits in CTRP
djg: off to surgery nice morning ken
Ken-ST Moderator: cool djg
Ken-ST Moderator: hope it all goes well bro
Ken-ST Moderator: take care
Ken-ST Moderator: CTRP was a nice slow steady trend. surprising for such a thin stock
MS: Good luck djg
JQ: Get the Vicodin OUT!!!
JQ: You will NEED it djgbo
Ken-ST Moderator: the trends get so much better when we are trading out of that nasty range like environment
Ken-ST Moderator: any questions / comments?
emilio: Was today a normal postion trading strategy or a 1/2 normal ( conservative) I went with normal position as the big gap down. Was that a correct trading moneymanagement?
Ken-ST Moderator: I would have done the same
Ken-ST Moderator: the worst is when we are trading in the same tight range for days
Ken-ST Moderator: like we were previously
Ken-ST Moderator: the market is a lot better when trading out of the range
emilio: ok, i've been doing 1/2 position for the last 2 weeks and I felt today was a full position . And i thought maybe I was beeing impatient by doing full position again.
Ken-ST Moderator: great assessment emilio
Ken-ST Moderator: well done
Ken-ST Moderator: CANCEL ALL TYPE B ALERTS
Ken-ST Moderator: Until the lunch period
Ken-ST Moderator: sorry until after the lunch period
Ken-ST Moderator: Stochastics in the middel of trend. No Type C scans yet
Ken-ST Moderator: Anyone watch "The Secret" yet?
Ken-ST Moderator: scanning for Type C buys soon
MS: find some shorts :)
Jen: Ken, delayed response to "the Secret" question. Want to see it. Saw the authors on Oprah. Looks great
Ken-ST Moderator: I saw it about a year ago.
Jen: would you suggest seeing it or reading the book?
Ken-ST Moderator: I have been studying about energy and stuff for years. That show is a good generalization of how things work
Ken-ST Moderator: Seeing it
Ken-ST Moderator: although i have not read the book. I thought the video was well made.
Ken-ST Moderator: It truly is how life works.
Jen: I absolutely agree
Ken-ST Moderator: It doesnt go into the "How it works" so much. Just tells you to do this and this, and it will work.
Ken-ST Moderator: If you have questions about it, I can tell you how and why it works.
Ken-ST Moderator: It truly is all about physics
Jen: great, thxs
larrybill: go ahead, Ken. i'm curious.
Jen: you attract what you project??
Ken-ST Moderator: I have been very passionate about this field. It has lead me into all sorts of directions. But ultimately I see how everything is tied together.
Ken-ST Moderator: Like energy attracts like energy.
Ken-ST Moderator: that is the natural law of the universe.
Ken-ST Moderator: and the one clincher that you have to get over is that All Thoughts are energy.
Ken-ST Moderator: most people may not believe it. But there is actual proof
Ken-ST Moderator: Here it is:
Ken-ST Moderator: http://www.life-enthusiast.com/twilight/research_emoto.htm
Ken-ST Moderator: This link will lead you to reasearch that proves that thoughts are energy. Thoughts can and do affect things physically.
larrybill: are we broaching metaphysics or just a basic maxim of phsical law?
Ken-ST Moderator: the thing is, they are the same
Ken-ST Moderator: there truly is no such thing as solid matter.
Ken-ST Moderator: Atoms and components of them are actually made up of energy.
Ken-ST Moderator: everything is made up of energy.
larrybill: so you are talking about PLATONIC thought in the greek tradition. familiar with it?
Ken-ST Moderator: I did not study that sorry
Ken-ST Moderator: whats the overall theory?
Ken-ST Moderator: But you will find that this thinking and approach is nothing novel. Througout history many philosophers and artists have had this revelation
larrybill: like you said, solids are not solids. like the universe, everything is expanding/contracting, matter/anti-matter, good/bad, etc., all at the same time.
Ken-ST Moderator: yes exactly
Jen: do you use the ADR-4 thing the article talks about?
Ken-ST Moderator: ADR?
larrybill: aristotle, took it a step further and declared that every living strives to be it's ultimate. it's natural. every blade of grass, everything. ironically, human beings are the only living that sometimes destroys itself. this speak to your point i think.
Jen: at the end of the link you sent there is a link to learn more about transforming water
Ken-ST Moderator: Everything strives to evolve.
Ken-ST Moderator: is what i believe.
Ken-ST Moderator: The link is the study from Masaru Emoto. In a nutshell, he studies the property of water that have been exposed by different thoughts.
Jen: it is very interesting
Ken-ST Moderator: He had two bottles of water. One said I Love you on it. the other said, I Hate you on it. When people read the label they have a thought or feeling about it. He studied the properties of the water and found that htey create different formations when crystalized.
Ken-ST Moderator: But it proves that thoughts affect physcial matter. it is not something that stays in your head. Thoughts are energy that affects energy around it.
Ken-ST Moderator: You can think of hte universe like a big xerox copier. Producing more of what is all the time.
Ken-ST Moderator: tx larry, I am going to read up on it. I have tons i have lined up to read right now.
Ken-ST Moderator: The theory is you will get deliver whatever you can imagine.
Ken-ST Moderator: hello Jr.
jr: howdy
Ken-ST Moderator: Scanning for Type C longs
Ken-ST Moderator: wb
jeramie: tx
Ken-ST Moderator: wb
Ken-ST Moderator: any questions?
Ken-ST Moderator: Hi David
jr: how many shares is too many to trade at once- ie. order filling problems
Ken-ST Moderator: it all depends on the stock
Ken-ST Moderator: there is no hard and fast rule
jr: seems as though no one wants my orders sometime
Ken-ST Moderator: are you placing limit orders?
jr: yes
Ken-ST Moderator: are you giving it some room abovet he triggers?
jr: i usually set the limit at last trade
jr: maybe i should update my dell telegraph
Ken-ST Moderator: You should have some sort of cushion, that may not be enough
Ken-ST Moderator: brb gang
Ken-ST Moderator: ffew minutes
Ken-ST Moderator: wb
Ken-ST Moderator: market at new lod
Ken-ST Moderator: Scanning for Type C longs
Ken-ST Moderator: wb
frank: hello everyone
Ken-ST Moderator: Hi Frank
Ken-ST Moderator: ok we are coming out of the lunch time turn
Ken-ST Moderator: letssee what we have
frank: hi
frank: ken are you holding all the positions on the left?
Ken-ST Moderator: we have no open positions at this time.
frank: ok thx
MS: Ken- I noted a few stocks that were not affected by this downdraft of today, would these stocks would be good candidates on a good day to go long? ELOS, ASTE, GAP HLEX ?
MS: If the set up is ok
Ken-ST Moderator: sure if the long signals were there.
Ken-ST Moderator: but a stock is not a long just purely becuase it has not gone down in a down market
MS: But Ken if a stock resist in such down day would you assume that they are no sellers?
Ken-ST Moderator: there are always buyers and sellers
Ken-ST Moderator: its aggressive buying or selling that moves the stock
MS: What do you mean by aggresive?
Ken-ST Moderator: for each trade there is a buyer and a seller
Ken-ST Moderator: but its aggressive buying that moves the stock up
Ken-ST Moderator: they are hitting the offer to get in
MS: Ken GOOG is at 453.00 (We discussed this last week) I would like to buy it at this level, were would you put your stop loss?
Ken-ST Moderator: MS, the market has just changed direction. we have made a decisive break below the 20 EMA
Ken-ST Moderator: market is just coming off overbought
Ken-ST Moderator: i dont see any urgency to buy
Ken-ST Moderator: but stop would be dependent on your profit objtective, and time frame
MS: Profit objective = GOOG back to $500, time frame = Let's see I am 76 years old so time frame 5 years:)
Ken-ST Moderator: haha
MS: On a serious note, I think GOOG is making money hand over fist and at this level I think it's a bargain, on the other hand this market is going for a 2 to 5% correction- My feeling
Lippy: QQQQ is taking a dive
MS: It's a long time since I have seen the $COMPX down 74 points
Ken-ST Moderator: I dont know man, I do not like the long term pattern for GOOG
Lippy: Was a great morning thanks Ken i'm going to watch Star Trek see you all tomorrow
Ken-ST Moderator: cool lippy
Ken-ST Moderator: take car
Ken-ST Moderator: care
Lippy: i will...
MS: Bye Lippy
Jen: if GOOG dips below 452, it could take a real nose dive, correct?
MS: Why it's just one bad day - GOOG is making billions - Do you know any other company making this kind of $$$$$$
MS: Big resistance at this level,
Ken-ST Moderator: its not that the company is making billions
Ken-ST Moderator: its what they will make
Jen: true, but it is highly correlated to the market, and it's blowing thru resistance levels
Ken-ST Moderator: or people perceptions of it
Ken-ST Moderator: if they do not think the compnay will grow in the face of a slwoing economy then the stock will go down
MS: Well let me ask you this simple question. In your opinion is it going to reach $400 or $500 first?
Ken-ST Moderator: i really dont know, but I would rather have my money on 400
MS: If Cale would have been here today I would have bet him.
Ken-ST Moderator: I think the market would have to breakout out to new all time highs
MS: Any type C or did you get bupkiss
MS: zelch, nada?
Jen: Ken, when people talk about a 10% correction, is that 10% of the total market level or 10% of the most recent uptrend?
MS: total market
Ken-ST Moderator: from the highs
Jen: so NASDAQ was around 2500 ish, so 250 points?
Ken-ST Moderator: yes
MS: yep
MS: I need to sell my house quick, before we get to the depression level:) Just kidding
Ken-ST Moderator: Hello 7
seven7: hi
MS: Tomorrow will be the panic day and you can start buying everything on Thursday, that's the market
Ken-ST Moderator: CROX new lod
MS: Ken we miss CROX this morning, I did not get in
MS: more than 15 cents at the open
Ken-ST Moderator: yup
Ken-ST Moderator: heartbreaker
Ken-ST Moderator: I really liked that one
Ken-ST Moderator: it would have hit a nice 5% target.
Jen: what a freefall this market is taking
Ken-ST Moderator: yes
Ken-ST Moderator: all that buying with no support
Ken-ST Moderator: falls on its own weight
Ken-ST Moderator: scanning for Type C buys
MS: Yesterday when we short on LRCX I held strong and I went overnight with it (Only because my Swing trade portfolio is almoost empty) I have a big green smile 540 shares from $46.32 ( I don't like to brag but I can't resist).
Ken-ST Moderator: nice MS
Ken-ST Moderator: gj
Ken-ST Moderator: wtg
Ken-ST Moderator: i see it as bringing positive to the room.
MS: I think they are all watching Star Treck......
gregory: I held LRCX overnight too
Ken-ST Moderator: cool greg
Ken-ST Moderator: Watching for possible Type C Buy on CROX 48.45
Ken-ST Moderator: Watching for possible Type C Buy on CROX 48.45
Ken-ST Moderator: Watching for possible Type C Buy on CROX 48.45
Ken-ST Moderator: TYPE C Trade (Bottom). Consider Buy CROX 48.45
Ken-ST Moderator: TYPE C Trade (Bottom). Consider Buy CROX 48.45
Ken-ST Moderator: TYPE C Trade (Bottom). Consider Buy CROX 48.45
Ken-ST Moderator: hello Mana
Ken-ST Moderator: wb
Mana: Hi Ken
MS: wb Mana
Mana: EMA20 seems to be a strong resistance on CROX ...
Mana: What means wb ?
Ken-ST Moderator: welcome Back
Ken-ST Moderator: MS, stocks often turn before their fundamentals
Ken-ST Moderator: GOOG may look like they are hitting on all cylinders now but down the road if the stock is selling off, the reasons for the sell off will become more apparant.
MS: Oh yes I know they are some major manipulations with the big firms and that's why I am a day trader but sometimes I ilke to swing a few weeks.....I have small losses but usually the winner are very big
Ken-ST Moderator: i think there will be plenty time for buying later
emilio: what is MRVL think it is? almost 5% UP
Ken-ST Moderator: who does that huligan think he is
emilio: crox
Ken-ST Moderator: Market new lod
MS: SHLD is also taking a small beating
Ken-ST Moderator: STOPPED Consider exit in CROX
Ken-ST Moderator: STOPPED Consider exit in CROX
Ken-ST Moderator: STOPPED Consider exit in CROX
Ken-ST Moderator: Not today gang.
Ken-ST Moderator: Market is taking out about 3 months worth of trading activity
MS: Are we below January ist ? S&P?
MS: Now we have panic
Jen: holy crap, did you see CROX dive?
MS: I am so glad to be a day trader
Mana: Even nice long like ELOS is dropping fassssst
Ken-ST Moderator: wow
emilio: Isn't there suppose to be a security stop on the markets?
Ken-ST Moderator: the futures took a dive
emilio: hope you're short....bad day for gap players
MS: Ken - How bad is the Russell ER2 ?
emilio: -500 on YM....INSANE
Mana: Well, I think we can congratulate each other to be daytrarers...
Ken-ST Moderator: down 6 points from the highs
Jen: MS, hope you didn't buy that GOOG at 453
MS: No I listen to Ken He is my mentor
emdee: hi ken
Ken-ST Moderator: Hi Emdee
emdee: shorted ER yesterday ...:)
Ken-ST Moderator: Nice
Ken-ST Moderator: the Hourly charts turned yesterday
MS: GJ emdee I hope you went with 10 contracts
Ken-ST Moderator: or 1 mill ion
emdee: kids home from school, gotta go, life is good ...
Ken-ST Moderator: nice emdee
emdee: nite all
Ken-ST Moderator: great feeling
Ken-ST Moderator: have a good one
MS: My friend was braggin with me las night that his portfolio is up `2% from the last three months, I can't wait talking with him tonight when he gets home.....
Ken-ST Moderator: hahah
Ken-ST Moderator: wow CROX all the way back
MS: WOW did you see CROX a big V
Ken-ST Moderator: yeah it had to do with the futures market
Ken-ST Moderator: it made all the stocks tank
Mana: What is going on ??
Ken-ST Moderator: that washed out the sellers short term
Ken-ST Moderator: the market rallied all the way back
Mana: Could we have a long setup on CROX or is it just a pullback on the way down ?
Ken-ST Moderator: we will not trade the rest of hte day
frank: what a day to start
MS: OK My friends, I had a good day, so now I salute you all and I shall see you tomorrow bright and early
Ken-ST Moderator: ok MS have a good one man
Ken-ST Moderator: Cancel all alerts
Ken-ST Moderator: any qeustions gang?
Ken-ST Moderator: stubborn downtrend all day today
Ken-ST Moderator: this will hopefully open the way for better trends going forward
frank: ken , do you trade all these alerts too?
Ken-ST Moderator: Not allowed to trade the equities day trading calls
frank: ok thx
kima: Ken what is thereason why SEC do not allow you to trade your calls?
emilio: ok..taking off..thanks for the great day
Ken-ST Moderator: ok emilio
Mike22: great education today Ken....tks
Ken-ST Moderator: Cool mike
Ken-ST Moderator: Any questions/comments?
Ken-ST Moderator: wb duke