Ken-ST Moderator
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 up 11 points. Overall market bias is to the downside. Market is gapping into the previous day’s range.
Pontiff has entered DayTrading Chat
steve gm guys
Pontiff gm ken scott gang
Ken-ST Moderator: gm Pontiff
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Ken-ST Moderator: ok gang, lets go get'um
Ken-ST Moderator: There's the bell
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Ken-ST Moderator
Ken-ST Moderator: Watching for Type B Short at new low of the day on NURO 10.28
Ken-ST Moderator: Watching for Type B Short at new low of the day on NURO 10.28
Ken-ST Moderator: Watching for Type B Short at new low of the day on NURO 10.28
Ken-ST Moderator: OK GANG NURO triggered
Ken-ST Moderator: and hit profit
MS come on!
Ken-ST Moderator: the spread is too big for us to book
djg all in the spread
Ken-ST Moderator: take it easy
Ken-ST Moderator: but its already up more than 2% if you got in
Ken-ST Moderator
A_O_N anyone got it????
Ken-ST Moderator: Watching for Type B Short at new low of the day on DIGE 41.39
Ken-ST Moderator: Watching for Type B Short at new low of the day on DIGE 41.39
Ken-ST Moderator: Watching for Type B Short at new low of the day on DIGE 41.39
Ken-ST Moderator: GANG, THAT WAS LATE
Ken-ST Moderator: IT WAS TIRGGERED AS I POSTED IT
Ken-ST Moderator: WE WILL NOT BOOK
djg did not get in
duke would have been nice
Cale lol
Cale Thats Day Trading
Ken-ST Moderator
Ken-ST Moderator: Watching for Type B Short at new low of the day on EXPE 20.19
Ken-ST Moderator: Watching for Type B Short at new low of the day on EXPE 20.19
Ken-ST Moderator: Watching for Type B Short at new low of the day on EXPE 20.19
Ken-ST Moderator
Ken-ST Moderator
Ken-ST Moderator
Ken-ST Moderator: TYPE B Trade (Gap). Consider Short EXPE 20.19
Ken-ST Moderator: TYPE B Trade (Gap). Consider Short EXPE 20.19
Ken-ST Moderator: TYPE B Trade (Gap). Consider Short EXPE 20.19
A_O_N filled
Ken-ST Moderator
A_O_N looK SYKE
Ken-ST Moderator: UPDATE: Moving stop on EXPE 20.68
Ken-ST Moderator: UPDATE: Moving stop on EXPE 20.68
Ken-ST Moderator: UPDATE: Moving stop on EXPE 20.68
Ken-ST Moderator: I HAVE IT ON WATCH AON
Ken-ST Moderator
Ken-ST Moderator: Watching for Type B Short at new low of the day on FRO 29.62
Ken-ST Moderator: Watching for Type B Short at new low of the day on FRO 29.62
Ken-ST Moderator: Watching for Type B Short at new low of the day on FRO 29.62
JQ I am showing LOD on DIGE 40.45
A_O_N ADCT looking good too (short)
JQ 40.17
Ken-ST Moderator: JQ that should not be up
Ken-ST Moderator: I was too late in my post
JQ OK Brobo!!
Ken-ST Moderator
Ken-ST Moderator: Watching for Type B Buy at new high of the day on SYKE 18.96
Ken-ST Moderator: Watching for Type B Buy at new high of the day on SYKE 18.96
Ken-ST Moderator: Watching for Type B Buy at new high of the day on SYKE 18.96
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Mana gm everyone
Ken-ST Moderator: gm mana
Ken-ST Moderator
Ken-ST Moderator
Ken-ST Moderator
Ken-ST Moderator: TYPE B Trade (Gap). Consider Buy SYKE 18.96
Ken-ST Moderator: TYPE B Trade (Gap). Consider Buy SYKE 18.96
Ken-ST Moderator: TYPE B Trade (Gap). Consider Buy SYKE 18.96
Ken-ST Moderator
Ken-ST Moderator: UPDATE: Moving stop on SYKE 18.59
Ken-ST Moderator: UPDATE: Moving stop on SYKE 18.59
Ken-ST Moderator: UPDATE: Moving stop on SYKE 18.59
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Ken-ST Moderator: gm bert, j5
j5 yo whatup
Ken-ST Moderator
Ken-ST Moderator: Watching for Type B Short at new low of the day on DIGE 40.14
Ken-ST Moderator: Watching for Type B Short at new low of the day on DIGE 40.14
Ken-ST Moderator: Watching for Type B Short at new low of the day on DIGE 40.14
Cale hey J5
j5 yo cale
Ken-ST Moderator
Ken-ST Moderator: UPDATE: Moving stop on EXPE 20.26
Ken-ST Moderator: UPDATE: Moving stop on EXPE 20.26
Ken-ST Moderator: UPDATE: Moving stop on EXPE 20.26
Ken-ST Moderator
Ken-ST Moderator
Ken-ST Moderator
Ken-ST Moderator: 1% PROFIT HIT. Consider taking some profits in SYKE
Ken-ST Moderator: 1% PROFIT HIT. Consider taking some profits in SYKE
Ken-ST Moderator: 1% PROFIT HIT. Consider taking some profits in SYKE
Cale NICE
j5 it doesnt seem to be anybody at hoamon today?
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Ken-ST Moderator: CALL THEM
Mike22 really nice..gj
j5 harmon, I've been trying to contact them
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j5 ok, will do ken
Ken-ST Moderator: NURO has a valid long at a new hod fyi
Ken-ST Moderator: we will not issue due to spread
Ken-ST Moderator: but for those who dont mind the spread the setup is there
A_O_N shorted ADTC@10.07 lod
A_O_N 1% profit hit
Cale crossing my fingers for you AON
Ken-ST Moderator: gj
j5 does anyone have hamrnons phone number?
Cale ADTC ?? is that the symbol?
A_O_N yes
A_O_N ADCT
A_O_N sorry
Ken-ST Moderator
Ken-ST Moderator: UPDATE: Moving stop to entry EXPE
Ken-ST Moderator: UPDATE: Moving stop to entry EXPE
Ken-ST Moderator: UPDATE: Moving stop to entry EXPE
JP 1-888-621-3726....J5
j5 tx
A_O_N ITMN tanking
j5 they must be afully busy at harmnon, cant' even get them over the phone
Ken-ST Moderator: I just spoke to Clyde not too long ago
j5 oh, ok, i'll try back in a few minutes
A_O_N Ken, do u show lod on DIGE 40.14?
j5 oh no rush ken, but thanks,
Ken-ST Moderator: .15
A_O_N i got 39.50... in IB
j5 if i cant get in touch in a few minutes i let you know, thanks
A_O_N strange
MS Nice job on SYKE got only 3/4% but money is money
Ken-ST Moderator
Ken-ST Moderator: Watching for Type B Short at new low of the day on ITMN 22.35
Ken-ST Moderator: Watching for Type B Short at new low of the day on ITMN 22.35
Ken-ST Moderator: Watching for Type B Short at new low of the day on ITMN 22.35
MS No shares ITMN next please
Cale LOL MS
j5 thanks ken, got in touch with them
Cale not everyone cant get Shorts you know
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Ken-ST Moderator: SYKE new hod
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Scott-ST Moderator has become a moderator
MS SYKE almost gave me a heart attack at the beginning of the trade
duke scott is moderator
Scott-ST Moderator: Good Morning Gang
theking I scaled in to SYKE
MS GM
Lippy Me too MS
A_O_N gm
theking made about $400
JQ Gm Great ScottBO
Ken-ST Moderator: gm Scott
Ken-ST Moderator: ITMN is close
Ken-ST Moderator
Ken-ST Moderator
Ken-ST Moderator
Ken-ST Moderator: TYPE B Trade (Gap). Consider Short ITMN 22.35
Ken-ST Moderator: TYPE B Trade (Gap). Consider Short ITMN 22.35
Ken-ST Moderator: TYPE B Trade (Gap). Consider Short ITMN 22.35
Ken-ST Moderator
Ken-ST Moderator
Ken-ST Moderator
Ken-ST Moderator: 1% PROFIT HIT. Consider taking some profits in ITMN
Ken-ST Moderator: 1% PROFIT HIT. Consider taking some profits in ITMN
Ken-ST Moderator: 1% PROFIT HIT. Consider taking some profits in ITMN
duke nice
steve nice
Pontiff havent seen one that handsome in a while.......
Cale very nice
j5 i've been thiking about futures autotrade, anybody tryied it yet?
Cale ty Ken
Jen that was fabulous!
Ken-ST Moderator: gj
djg very nice
j5 futures seems to be doing ok other than a copule of rough days
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Ken-ST Moderator: gm David
Ken-ST Moderator: the one bad day I had, was mostly due to human error, the loss on the auto trade side would have been less than half that
Ken-ST Moderator: regardless, futures are volatlie
j5 cool, ken np, it did seem a bit large
j5 right, what do you recommend for minimal acc. size?
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Ken-ST Moderator: 5k
Ken-ST Moderator: gm jb
j5 i mean to kind of try it out
Cale SBUX, as a pop
johnboy gm Ken/Scott/everybody
Ken-ST Moderator: 5k
Cale gm Johnboy
Scott-ST Moderator: gm JB
Ken-ST Moderator: that is most account minimums
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j5 ok, but a 2k loss on 5k thats almost half?
Ken-ST Moderator: yup, but you can trade effectively with just 1k imo
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j5 ok, cool thanks ken, i'll think about it, and probably will give it a try
Ken-ST Moderator: i really dont think you need any more than that
j5 yeah, i might start with 5-7k
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j5 what kind of "slipage" does the autotrade get to what you have in the emini performance?
Ken-ST Moderator: not much, but its nothing like stocks
jeramie MS are you using VISTA w/your new computer?
Ken-ST Moderator: j5 i think you should trade it yourself
j5 cool
Ken-ST Moderator: you will learn more about hte market that way
j5 really? why?
Ken-ST Moderator: if you can trade stocks, you can most definitely trade futures
Cale lol, good question Jeramie
Ken-ST Moderator: its the same
Ken-ST Moderator: mechanics wise
Cale I am not sure Dell is shipping Vista yet, but not sure
Cale MS?
Cale J5, just follow Ken, he Rocks
MS Sorry I went for a quick smoke, I am back
j5 well, the main thing was, that I didn't want to be trading all day,
Cale LOL, do you not smoke in the house?
Ken-ST Moderator: just trade until 12:30 est
Ken-ST Moderator: thats all you need
MS No I ask dell to give me Windows XP
j5 im more like a part timer
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MS Don't like Vista - I heard too many problems
jeramie me too
Cale I know a few trading platfroms will not work on Vista
j5 i though you also said futures started later, like 11ish? for your setups that is
Cale and even some websites with Java will not work very well...
MS TS will not work with Vista that are having a lot of issues
Scott-ST Moderator: around 10:30 J5
duke it will take them 2 years to get bugs out of vista...LOL
Ken-ST Moderator
Ken-ST Moderator: UPDATE: Moving stop on EXPE 20.10 in the money
Ken-ST Moderator: UPDATE: Moving stop on EXPE 20.10 in the money
Ken-ST Moderator: UPDATE: Moving stop on EXPE 20.10 in the money
Cale I like that Ken!!!
MS I have to log out I lost the board again
David-Harmon Trading VISTA is great, your computers just can't handle it
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Ken-ST Moderator: So what you are saying David, is Vista is the Truth
Cale LOL David,
j5 lol david
jeramie I got a copy of visa when I got my computer, but i'm afraid to install it
David-Harmon Trading Yes, it was made by Bill Gates so you know it is.
Cale good to see you David
Ken-ST Moderator: You cant handle the truth
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Cale and you should be afraid
j5 did you guys see that mac comerical were pc goes for the vista upgrade: "you can have my periferials", LOL
David-Harmon Trading Don't be anti society and anti establishment, buy a better computer and you will see Vista is great
Ken-ST Moderator: lol
Ken-ST Moderator: wb ms
MS ty
Ken-ST Moderator: lol david
pb MS are you loosing the ST board?
MS Ken Got stop break even on AKAM and still in with HITT for swing trade
duke I lose it sometimes too...don't know why
Cale David, its not the computer at all, and why should I have to up grade my hardware to make the OS work?
MS pb - I lose the board once in while
MS here lost it again
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Cale my system is 8 months old and works fine, but Schwab and a few others say that their App will not work on Vesta
pb MS you don't have to log out for that, just left click, go "back", left click again and "refresh"
MS login out one more time
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A_O_N Ken, I wanted to ask a question (maybe a stupid one)
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Ken-ST Moderator: go ahead AON,
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Ken-ST Moderator: no such thing as a stupid question
A_O_N is the model portfolio for real? and if so, what size is it?
Scott-ST Moderator: MS, just do what pb said
Ken-ST Moderator: No the only real portfolio is the futures
duke AON...all we allow are stupid questions...LOL
MS I just did
MS thank you
Ken-ST Moderator: we cant trade the stock calls
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MS it works
Ken-ST Moderator: wb
A_O_N now, one more thing
emilio got disconnected..back
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Ken-ST Moderator: DIGE is approaching
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Ken-ST Moderator: sorta
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A_O_N in order to get the 1-2% a day, each trade should be the size of my whole portfolio right?
Ken-ST Moderator: to get a 1% return on your portfolio on a successful trade, yes you would have to have the blaance worth into the trade
Ken-ST Moderator: that is aggressive however
A_O_N too aggressive? u wouldn't recommend it?(because if i put less than my portfolio for each trade i get less than what we acheive here)
Ken-ST Moderator: i didnt say too aggressive
Ken-ST Moderator: It is aggressive, but imo you have to work up to that point
A_O_N ok, thx
Ken-ST Moderator: its different for every trader
Ken-ST Moderator: everyone has their own level of comfort
duke 100 trader+100 different ideas
A_O_N my first question came b/c from looking at some of te last days trades (i was looking at the 1min chart) many times it was almost impossible to get execution at the prices u mentioned (either on the initial trade or at the profit taking trade)
duke =
Mana A_O_N for example with the size of my account I have to make 4 trades of 1% net to have a 1% portfolio increase
MS AON I divide my portfolio in 4 so for 100000 portfolio each trade is worth 25K - That's what I feel confortable with
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Ken-ST Moderator: AON, we are identifying the breakout prices.
A_O_N MAna, if u would have traded each time the size of your P it wouldn't be like that... - what does it have to do with the accnt size?
Ken-ST Moderator: you dont need to get filled exactly there
Ken-ST Moderator: if you pay up for the entry, you can try and make up for it on the exit.
Ken-ST Moderator: The 1% is a money management technique
Mana I also divide my portfolio in 4
Mana never 100% on 1 position
Cale me too Mana
MS I have 2 portfolio one for day trade and one for swing trade - I apply same rule
Cale with my luck the room would have one loser and 4 winners and I would be in the loser :(
Mana For your account u have to make 4 x $250 to have +1% on your portfolio
A_O_N ok, FRO approaching
pb What's up with that -ve thinking Cale?
MS FRO still 30 cents away
A_O_N yes, it was a bit lower when i wrote
Cale Sorry pb, your right
A_O_N Ken, how's CROX in your opinion?
pb I have heard Ken discuss it so much, I have started believeing in it
pb believing
A_O_N what up with EXPE? arrrgggggg
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A_O_N KEN - your opinion on CROX and DELL (short)? tia
A_O_N FRO
Scott-ST Moderator: AON, I would hook you up with an answer but my system with the Charts are a down
Scott-ST Moderator: I have a backup but its slow so bear with me
A_O_N ok, thx
Scott-ST Moderator: CROX still in Range
A_O_N FRO
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Ken-ST Moderator
Ken-ST Moderator
Ken-ST Moderator
Jim no shorts on FRO at Schwab
Ken-ST Moderator: TYPE B Trade (Gap). Consider Short FRO 29.62
Ken-ST Moderator: TYPE B Trade (Gap). Consider Short FRO 29.62
Ken-ST Moderator: TYPE B Trade (Gap). Consider Short FRO 29.62
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Cale Jim, I got filled on FRO throught Schwab
A_O_N what a spike in DIGE!!!
Jim really?
Jim I got shut out
MS FRO filled 840 shares 29,59
A_O_N bummer - i shorted it in 29.67 (thought the alert was on 29.69) ROFLMAO :)
MS My stop is 30.04 and my target 29.30
A_O_N KEn - suggested stop for FRO?
MS start with 30.04
MS 1.5%
Ken-ST Moderator
Ken-ST Moderator: UPDATE: Moving stop on FRO 29.90
Ken-ST Moderator: UPDATE: Moving stop on FRO 29.90
Ken-ST Moderator: UPDATE: Moving stop on FRO 29.90
MS Ok change to 29.90
A_O_N man, EXPE really looking on the verge...
A_O_N a little push here and...
A_O_N S&P looking bad
Scott-ST Moderator: only bad if your Long
Scott-ST Moderator: good if your short
A_O_N lol
MS Scott HITT doing good so far (Swing Trade)
Scott-ST Moderator: so far so good
MS 8 cents more on FRO
Cale may have to take some while I am in the money
Ken-ST Moderator
Ken-ST Moderator: UPDATE: Moving stop to entry FRO
Ken-ST Moderator: UPDATE: Moving stop to entry FRO
Ken-ST Moderator: UPDATE: Moving stop to entry FRO
MS Yes I did it before you
Ken-ST Moderator: cool
MS Half way through the 1% it's a good idea to move stop to B/E especially if you have time to do it
MS At 76 years old, I am doing good - man I am proud of myself :)
johnboy cool MS, I hope that I am doing as well at you at 76......keep it up
MS and my wife says I lost 98% of my short time memory, because I can't remember what I eat last night:)
A_O_N rofl
djg if I make it to 76 my body is going to be wrecked hopefully my head will be okay
Cale lol
Cale you need to stop smoking MS
Cale and you will get your memory
johnboy I guess that depends on what he is smoking?
djg I say at 76 smoke anything you want
MS Yes all my friends are bugging me to quit smoking.
MS TY djg
MS At least I have a new friend here TY djg
johnboy djg works for big tobacco
MS lol
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djg lots of tobacco stocks in portfolio
MS OK guys sorry I bailed out FRO 840 shares 29.48, I am a chicken again
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Ken-ST Moderator: Profit always good MS
Ken-ST Moderator: wb kami
MS Tomorrow again - I will log in as a chicken :)
pb wisw chicken
pb wise
A_O_N watching the S&P emini - this spike got no volume at all
Ken-ST Moderator: we are in countertredn mode
Ken-ST Moderator: Volumes may be lighter
Cale lol MS
A_O_N yes, good for our shorts :)
A_O_N anyone here trading with IB?
Ken-ST Moderator: AKAM was a heartbreaker
MS sure was 6 cents from profit target
Ken-ST Moderator: at least you scaled out some yesterday
MS I got stop this morning the other half at Break even AKAM
Ken-ST Moderator: the thing is with the swing trades, you dont need those exact targets
Ken-ST Moderator: the mode you have to get into is scaling profits with moves in your favor
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MS Scaling out with move in your favor is not easy to execute, especially when you busy with the day trade in the AM
Scott-ST Moderator: CANCEL ALL TYPE B ALERTS Until afterlunch
Scott-ST Moderator
Ken-ST Moderator: takes but a sec to exit out
Ken-ST Moderator: you have a 4% move in your favor on AKAK, nice gap down
Ken-ST Moderator: you can exit out some immediately
Ken-ST Moderator: you exited out some on FRO with nice move in your favor
Ken-ST Moderator: nothing wrong with that
Ken-ST Moderator: you dont need to wait for the exact 1%
MS I took half of the table yesterday at around 2%
Ken-ST Moderator: thats awesome
MS the other half got stop at B/E this morning
Ken-ST Moderator: cool
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A_O_N c'mon EXPE
A_O_N a little push
A_O_N man, this $20 is like a concrete wall
MS Getting close to time for my pancakes, see you later
Scott-ST Moderator: again?
Scott-ST Moderator: man he eats Pancakes every morning
Cale if I did that I would weigh about 340 lbs
Cale maybe I need to start smoking
duke he may be as big as a barn now
duke lol
Ken-ST Moderator
Ken-ST Moderator: STOPPED Consider exit in FRO Breakeven
Ken-ST Moderator: STOPPED Consider exit in FRO Breakeven
Ken-ST Moderator: STOPPED Consider exit in FRO Breakeven
Cale oh well, thats day trading
A_O_N well, S&P is right on the daly down trenline and a bit overbought
A_O_N now spike a bit above
Scott-ST Moderator: any Questions?
djg anybody ever watch arrested development?
Scott-ST Moderator: we will start scanning for Type C's here in a bit
Ken-ST Moderator: Love that show djg
djg just finished all 3 seasons on dvd one of my favorite shows ever
A_O_N what exactly are u looking in type C Ken? for reversals?
johnboy LOL, nice djg, I would have to agree with you
Ken-ST Moderator: did you feel crappy lik me when you were done wiht the DVDs?
Ken-ST Moderator: nothing to look forward to
Ken-ST Moderator: withdrawals
Ken-ST Moderator: sucking my thumb in the fetal position in the corner ofmy room
Ken-ST Moderator: nah j/k, but i was bummed that it was all over
djg I was hoping showtime was going to pick it up
A_O_N Ken? a question a few lines above plz...
Ken-ST Moderator: long trend above or below the 5 ema on 5 min, support/ressitance from daily chart, and market momentum
A_O_N but mainly reverals or breakouts?
Ken-ST Moderator: ?
A_O_N i mean, u look for trend reverals or for breakouts? or both?
Ken-ST Moderator: yes, Type C is all about the reversals
A_O_N ok, gotcha. Thx
Ken-ST Moderator: rightnow the stochastics are in the middle of the trend, so we are not looking for any type Cs
Ken-ST Moderator: we wait until they are at an extreme
Ken-ST Moderator
Ken-ST Moderator: STOPPED Consider exit in EXPE for PROFIT
Ken-ST Moderator: STOPPED Consider exit in EXPE for PROFIT
Ken-ST Moderator: STOPPED Consider exit in EXPE for PROFIT
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MS I am back - please have a look at FFIV One minute chart It's like an F15 Eagle Straight up
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Ken-ST Moderator: yeah
Ken-ST Moderator: still within recent range
A_O_N i think it was quite a bake&shake on EXPE
A_O_N look at volume on ths decline now
A_O_N covering EXPE 19.98
MS AON did you have short shares for EXPE?
A_O_N yep
A_O_N np at all in IB
A_O_N also yesterday when u had problems in LEND i got it
Scott-ST Moderator: Sorry Gang, not to chatty today, fighting with my System
Scott-ST Moderator: was up till 1:45 and got up at 5:30 this morning to work on it
MS We are fighting with TS to improve their list, they are getting to big - It's getting me upset-
A_O_N IB is one of the best I know
Ken-ST Moderator: yup they were primarily a software company
A_O_N i traded with AMTD and Cybertrader
Ken-ST Moderator: IB has second rate platfomrs imo
A_O_N who's first ?
Ken-ST Moderator: brokerage services are their strong suit
Ken-ST Moderator: TS is their platform
A_O_N nice fight going on in EXPE
A_O_N volume really kicked in
A_O_N might short it again on this bounce
MS I hope you don't over trade A_O_N
Ken-ST Moderator: Scanning for Type C short
MS Good I am ready - Portfolio is waiting to be activated:)
Ken-ST Moderator: haha
MS I hope you have more than bupkiss today
A_O_N show me the money!!! ;)
A_O_N small cap lovers - BRKR is in b/o mode
Ken-ST Moderator
Ken-ST Moderator: Watching for possible Type C Short on FFIV 71.79
Ken-ST Moderator: Watching for possible Type C Short on FFIV 71.79
Ken-ST Moderator: Watching for possible Type C Short on FFIV 71.79
Cale havent seen a C in a long time....
MS What is going to be our intial stop 1.5%?
Ken-ST Moderator: hod
Ken-ST Moderator: 72.22
Ken-ST Moderator: for now
MS OK
MS ty
MS 43 cents stop loss time 350 shares , OK Godd risk reward ratio - I am with you all the way :)
Ken-ST Moderator: Type C are generally like that
Ken-ST Moderator: success rate is lower
MS This is my first type C
Cale lol Me too
Cale I am afraid
Cale be gental plz
MS chicken:)
MS on the 5 mnts charts index for Nasdaq and S& P we are in the overbought area, correct?
Ken-ST Moderator: haha
Ken-ST Moderator: yes MS
Mike22 type C 'virgin' as well - I'll keep it conservative
Ken-ST Moderator: we may be able to move the trigger up
Ken-ST Moderator: its still holing its 5 ema
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MS Now it's going to put my stop at 72.32 uhmmmmm expensive , Now I am begining to be a chicken like Cale
Cale Chicken?
Cale Chicken?
Cale thats Mr. Chickenbo to you
MS yep
johnboy chickenbo......lmao........JQ is contagious
MS I am logging again as chicken tomorrow
Cale LOL
MS I am up so far today 1.2 % I don't want to give it up
Cale dont over trade
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Cale just a chop day anyway
Cale right in todays Range, right in yesterdays range
Cale no trend = very little trading
A_O_N wow, look at FRO, it made a nhod
A_O_N could be long here, no?
MS OK I made my executive decision - No FFIV for me - I'll just be a voyeur.
johnboy market new hod, well the russell at least
Cale lol, Chicken
MS brb
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Cale sure
Cale Mr. MS
A_O_N KEn - another question. Type A is only for the beginnng of the day? not playing breakouts after lunch?
Scott-ST Moderator: AON, Type A's are valid all day long
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Scott-ST Moderator: untill we cancel ALL alerts
A_O_N well, I guess FRO could have been a long over hod after all...
Cale LOL MS
Chicken (MS) lol
A_O_N Scott, what I mean is whether u look for Type A's after luch or only in the beginning of the day?
Scott-ST Moderator: oh, we scan for type A's only before market
Scott-ST Moderator: they type A's are used for Day Trading Limited
A_O_N ok, got it. and then, no breakout for type C, only reversals, right?
Scott-ST Moderator: and FRO would have been a HOD lunch time play, not the best. the reward is not worth the risk
Scott-ST Moderator: correct
Ken-ST Moderator
Ken-ST Moderator: Watching for possible Type C Short on FFIV 71.99
Ken-ST Moderator: Watching for possible Type C Short on FFIV 71.99
Ken-ST Moderator: Watching for possible Type C Short on FFIV 71.99
Cale MS, I would not call you chicken
Cale I would call you smart
Scott-ST Moderator: and Handsome?
Chicken (MS) Well Thank you Cale - You are very nice
Scott-ST Moderator: oh wait Handsome is for Ken
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Cale I would have to say that I am about 75% plus on the type C's
Scott-ST Moderator: take care Jim
Chicken (MS) Type C are against the river current is that correct?
Scott-ST Moderator: most of the time they are in trend with the market
Scott-ST Moderator: just depends on how oversold the market is
Cale MS you can log off and log back on as MS
Chicken (MS) That's OK, I am going to call it a day.... I have friends visiting from out of state -. I have to got to the supermarket to get some goodies
Chicken (MS) 30 minutes more and I'll be gone
Ken-ST Moderator: cool ms
Chicken (MS) I like the best is the morning fast paste trading, the afternoon puts me to sleep.
Ken-ST Moderator: You need to trade futures after the 1st set
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Scott-ST Moderator: brb Gang moving over to my old system :)
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Scott-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: wb
Ken-ST Moderator: Stayibng clear of longs for now
Ken-ST Moderator: market is overbought
Ken-ST Moderator: looking for short alerts
A_O_N FFIV near
Chicken (MS) very
Chicken (MS) Ken if we go in short FFIV the stop will be at 72.26?
Ken-ST Moderator: 43
Ken-ST Moderator: .43
Chicken (MS) wow
Ken-ST Moderator: I am going to cancel that alert.
Chicken (MS) Please do
Ken-ST Moderator: I am going to be safe. I dont like the look of it.
Chicken (MS) me either
Ken-ST Moderator: It may work, but I will stay on conservative side
Ken-ST Moderator
Ken-ST Moderator: CANCEL FFIV Short alert
Chicken (MS) OK I'll be here tomorrow ready as ever - So long everybody...................
Ken-ST Moderator: ok man, have a good one
Ken-ST Moderator: see you in the am
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pb later Ken, Scott, gang
pb see y'all manana!
Ken-ST Moderator: ok pb see you
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David-Harmon Trading Market is smoking
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A_O_N what about RACK Ken?
A_O_N going for lod
Ken-ST Moderator: it may work out but it is still in the recent range
A_O_N what would u consider a trigger there? b/o below 16?
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Mana Scott, the chart problem you had was about NYSE stocks ? I think I have the same chart bug...
Ken-ST Moderator: I am ok now
Mana oups Scott is away ...
David-Harmon Trading Those who have listened to me in the last 9 months saying the market would rocket have seen the Dow climb 1,400 points, S&P 250 points and the Nasdaq 300 points........
David-Harmon Trading Expect to see further gains by year end
David-Harmon Trading I have spoken
Ken-ST Moderator: haha
David-Harmon Trading :)
Ken-ST Moderator: for a day trading AON?
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Ken-ST Moderator: wb steve
JQ Captain you turned into a Rooster AGIN
David are you Related to Pontiffbo...j/k
David-Harmon Trading lmao
JQ LMAO
David-Harmon Trading pontiff just pumps stuff, my forecast is based on historical fact that has held steady since the inception of the stock market
David-Harmon Trading When rel estate falls..........
JQ David do you think the correction is over
David-Harmon Trading The stock market rises........
David-Harmon Trading real estate
A_O_N QQQQ is b/o
A_O_N but overbought
David-Harmon Trading Real estate is in big trouble........look at the chart of real estate, essentially a 7 year rise.......last 12 months real estate has fallen precipitiously and will continue to fall
David-Harmon Trading NEVER in the history of the stock market has real estate fallen and the stock market not gone up
JQ David here comes Bernanke talking about mortgages
David-Harmon Trading yep, and it will be less than rosy
David-Harmon Trading great for the stock market in the long run
Ken-ST Moderator: Market in countertrend mode on the Hourly charts
David-Harmon Trading basic market economics.....flow of equity from real estate to the stock market......has held true for over 100 years in the US and every developed nation on Earth.......why should it be different now?
JQ KEn have you heard from Bear lately??
Ken-ST Moderator: Nope, he shafted us in vegas and never heard from him again
Ken-ST Moderator: He kept insisting he was going to set us up with rooms.
Ken-ST Moderator: up to a few days before
Ken-ST Moderator: then no contact
Ken-ST Moderator: no rooms
Ken-ST Moderator: we had to make last minute accommodations
David-Harmon Trading the bear was chased off by the bulls
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David-Harmon Trading Here an example everyone can relate to:
JQ He might have never made it out of Vietnam!!!!
Ken-ST Moderator: lol
David-Harmon Trading Early 1990 to 1998......real estate was terrible......and hit the low in about 1998......the stock marketed to its peak in 1999
bobby you're done for today, ken
Ken-ST Moderator: Only looking for shorting opps at this point
David-Harmon Trading 2000 stock market takes its first dive .....until 9/11/2001......real estate? impervious to decline
JQ Kenbo may... But Davidbo on a nice run!!!
Ken-ST Moderator: haha
David-Harmon Trading real estate starts to go up......a 6 year rise mirroriing what the stock market did in the 1990's.......
David-Harmon Trading The stock market has been impervious to decline the last year while the real estate market has dropped 10-20%.......
Ken-ST Moderator: gang, if David looks taller today, he is
Ken-ST Moderator: he is standing on his soap box
JQ LOL
David-Harmon Trading So, in other words.....bank it......the stock market is going much higher this year.......
Ken-ST Moderator: Larry Kudlow, how did you get in here
JQ LMAO
David-Harmon Trading lmao
Ken-ST Moderator: no one is disagreeeing with you David
David-Harmon Trading sorry, it is clear as day to me......as i have said last 9 months
Ken-ST Moderator: but, there could be other factors involved
David-Harmon Trading a fruitful war?
JQ Goldielocks!!!!
Ken-ST Moderator: again not saying you are right or wrong, but based on limited factors you could come up with a limited conclusion
David-Harmon Trading very low oil? lower than 1970's cost of living?
David-Harmon Trading lowest unemplyment in decades?
Ken-ST Moderator: it could be all techinical
Ken-ST Moderator: just like this recent fall
Ken-ST Moderator: i dont think new information came into the market about the economy that lead to htis decline
Ken-ST Moderator: nothing involving the factors you brought up changed
Ken-ST Moderator: but hte market changed
David-Harmon Trading changed?
David-Harmon Trading we took a 60 point hit on the S&P after going up 250 points stright for 8 months?
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Ken-ST Moderator: right, while all the factors you are mentioning now has not changed over the past few weeks, the market has gone down
David-Harmon Trading nothing goes straight up bud
David-Harmon Trading there will always be blips
Ken-ST Moderator: exactly
Ken-ST Moderator: so the move down was technical is what you are saying
Ken-ST Moderator: we went straight up so we have to come down to consolidate
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Ken-ST Moderator: wb jermamie
David-Harmon Trading yep, but at 12/31/2007 we will essentially see a straight up graph of the stock market
Ken-ST Moderator: but what if this consolidation is from the break of 2001?
Ken-ST Moderator: and more sideways to down action is needed
David-Harmon Trading unless you think real estate will rebound.....which it has no chance this year.....we are at the very tip of real estate decline
Ken-ST Moderator: yes
JQ Get the round by round scoring right... Cage match #2 Kenbo VS. DAVIDbo
Ken-ST Moderator: but what I am saying is that regardless of what RE does, the market could still be in a technical pattern
Ken-ST Moderator: haha
Ken-ST Moderator: nah, i have no opinion either way which way this amrket goes
David-Harmon Trading real esate is cyclical (and in turn with the stock market) if history holds true, we could see a 3 year decline in real estate before a rebound, and converseley, a three rise in the stock market untill we get a signifcant decline
JQ Round 1 all 1-1
Ken-ST Moderator: so that would make it a 6 year rise in the market
David-Harmon Trading yep
David-Harmon Trading just like the 1990-1999 rise / fall
Ken-ST Moderator: its sounds good,but what if the market needs to consoldiate after the bubble bust in 2000 and we are in a large countertrend
David-Harmon Trading we have consolidated for over a year
David-Harmon Trading and the market could go no lower
David-Harmon Trading we have tons of support for a huge move
Ken-ST Moderator: I disagree. The market move from 1240 area had little to no consolidation
David-Harmon Trading market is ripe for a big 2007
Ken-ST Moderator: which is why the market unwound the way it did
David-Harmon Trading We shall see bud, again, I will say it for the transcripts Market will be much higher by 12/31/2007
Ken-ST Moderator: ok
JQ Round 2 judge JQ scores DAVIDBO193... KENBO192
Ken-ST Moderator: when you say much higher, you mean much higher than the years high right?
Ken-ST Moderator: because you said this near the top
johnboy so we all agree that the markets will absolutely be above, below, or exactly 1391.86 on Dec 31st, 2007
Ken-ST Moderator: i have no clue where it will be
Ken-ST Moderator: Higher sounds good
Ken-ST Moderator: Lower sounds good
johnboy and we'll grab some profits either way, so the absolute value is more or less irrelevant in my books
David-Harmon Trading Much higher for me JP, for the record
emilio no need to predict the direction of the market....just follow it wherever it wants to take you to.
David-Harmon Trading JB
David-Harmon Trading ah emilio has us all bear
David-Harmon Trading beat
Ken-ST Moderator: yeah the Houlry charts will tell you the story
emilio just like my wife....if she decides to go to Japan for summer , i will follow her. If i think she wants to go to Italy and she goes to Japan, I 'd rather wait and see the plane tickets before moving..lol
ar "A life of happiness is living in the moment, a life of meaning is worrying about past and future" - from Heroes last night.
Ken-ST Moderator: lol
emilio ok...i'm off for the day. thanks for the $$. take care all
JQ Round 3 judge JQ scores Davidbo164...KENBO164
Ken-ST Moderator: ok emilio, take care
emilio and for those you didn't make $$, tommorrow is a new day.
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A_O_N i don't know if it matters, but EXPE is at hod
Ken-ST Moderator: bah, back into the recent range
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Dr. Gloom I heard someone here was looking for der Pontifficator
duke Pontiff got eaten by aliens
Ken-ST Moderator: whoa whoa
Ken-ST Moderator: here it comes
Ken-ST Moderator: UFC 69
Ken-ST Moderator: Bull vs. Bear
Dr. Gloom David how can I help you
Ken-ST Moderator: David vs. Pontiff
A_O_N hehe
duke he dissed their stock...so they ate him/her
Dr. Gloom I thought there was a different guy at Harmon
Dr. Gloom David I dont have much time how can I be of assistance
Dr. Gloom Hey livah lips
Dr. Gloom you got me in here what do you want?
JQ LMAO
Dr. Gloom Is the the guy that used to be in the room DavidBergsteinwitzman???
A_O_N TXN is tanking lower and lower - may close the GAP?
Ken-ST Moderator: it has room to fall
Ken-ST Moderator: your stop would be 31.51 if you enter at a new lod
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JQ NO Ivan Toretitsoff
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Dr. Gloom good one jq
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Scott-ST Moderator: good afternoon Gang
Scott-ST Moderator: Markets making New Highs
A_O_N Scott, what are market's major resistance levels now (S&P and Naz)?
Dr. Gloom ken let homegirl know I was looking for him...
JQ GReat Sctt you missed ALL the FUN!!!
Scott-ST Moderator: Well I Still dont have a system that works right now AON, so I cant see
Scott-ST Moderator: I have been working all day with no eyes :(
Scott-ST Moderator: am sorry, working on the issue
Scott-ST Moderator: I thought I had it working but, NO
Scott-ST Moderator: :(
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Scott-ST Moderator: grrrrrr
Scott-ST Moderator: Computers, hate them/ love them
JQ I told you NOT yo poke you Brain in the EYE Greatbo Scottbo!!!
Scott-ST Moderator: [img id=em-11]
JQ WE missed you Great Scott if that HELPS!!!
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Scott-ST Moderator: yes thanks JQ
Scott-ST Moderator: who was Dr. Gloom?
JQ PONTIFFbo
Scott-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 gang?
Ken-ST Moderator: tough intraday moves on the market
Ken-ST Moderator: its typical of a short covering day
Ken-ST Moderator: very little pullback at all, and trends continuatlly in overbought
Mike22 Ken, you mentioned setting the SPX chart using slow stochastics. What are the stoch. parameters I should use?
Ken-ST Moderator: We use 14, 3
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Mike22 tks Ken. I'll set my stoc. the same.
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Ken-ST Moderator: cool
Ken-ST Moderator: ok gang, no more trades for today
Ken-ST Moderator
Ken-ST Moderator: CANCEL ALL ALERTS
Ken-ST Moderator: any questions?