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********** Good Morning Everyone
********** Monday October 8th, 2007
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anatta LNOP
Scott-ST Moderator: we can add that one, ty anatta
Scott-ST Moderator: LNOP is too thin
anatta EJ
Scott-ST Moderator: Looks Like we will be opening a bit lower this morning
Scott-ST Moderator: I don't think the Bond markets are trading today
anatta CHTT
Scott-ST Moderator: Good Morning **** OPENING BELL ****
Scott-ST Moderator: Good Morning **** OPENING BELL ****
Scott-ST Moderator: Good Morning **** OPENING BELL ****
Scott-ST Moderator: Markets are holding STrong
JP AMZN just off new highs
Jen GOOG all time high, close to going over 600
Scott-ST Moderator: Remember that today is a US Holiday and the Banks are not open today
Jen so we can't cash in our trades!!?!?!?! :)
Scott-ST Moderator: not today
JQ: Who needs a bank when you have a mattress
Jen better be a BIGGGGGGGGgg mattress with all the gains Scotty has been posting up!
Scott-ST Moderator: LOL
Jen GOOG hit 600!
JQ: must of had a Big thur -fri. G Scott?
Scott-ST Moderator: with an open eye, we will play today Conservative
Scott-ST Moderator: Watching for Type B Short at new low of the day on CHTT 73.63
Scott-ST Moderator: Watching for Type B Short at new low of the day on CHTT 73.63
Scott-ST Moderator: Watching for Type B Short at new low of the day on CHTT 73.63
Scott-ST Moderator: Watching for Type B Short at new low of the day on CHTT 73.63
Scott-ST Moderator: TYPE B Trade (Gap). Consider Short CHTT 73.63
Scott-ST Moderator: TYPE B Trade (Gap). Consider Short CHTT 73.63
Scott-ST Moderator: TYPE B Trade (Gap). Consider Short CHTT 73.63
anatta NILE moving again
Scott-ST Moderator: UPDATE: Moving stop on CHTT 74.66
Scott-ST Moderator: UPDATE: Moving stop on CHTT 74.66
Scott-ST Moderator: UPDATE: Moving stop on CHTT 74.66
JP AMZN?
Scott-ST Moderator: looks good, the stop is just a bit tight but not bad at all
Scott-ST Moderator: DOW DOWN 8
Scott-ST Moderator: NAZ UP 1.90
Scott-ST Moderator: SPX DOWN 2.83
Scott-ST Moderator: Not much action this morning in the Marketsw
anatta 3% NILE
JQ: GJ
Scott-ST Moderator: The internals are showing a weaker direction momentum
Scott-ST Moderator: nice anatta
anatta ty guys
Scott-ST Moderator: SUPX, UCBH and COGN reaching HOD
Scott-ST Moderator: we will keep a close eye on them for now
Scott-ST Moderator: This Market has no convection
Scott-ST Moderator: RIMM has a valid short setup
Scott-ST Moderator: We are in the Money with CHTT
Scott-ST Moderator: I would consider to start scaling out with profits in your favor
Scott-ST Moderator: UPDATE: Moving stop to entry CHTT
Scott-ST Moderator: UPDATE: Moving stop to entry CHTT
Scott-ST Moderator: UPDATE: Moving stop to entry CHTT
Scott-ST Moderator: A Strategy (Not our standard) might to take 1/2 at 73.09, set your stop at break even, and let the rest run, moving a trailing stop lower and lower
Scott-ST Moderator: AMZN with a new HOD
JP Wow, Vonage is actually up today.
Scott-ST Moderator: symbol?
JP VG
Scott-ST Moderator: lol was looking at VTG, and was like, THAT CANT BE RIGHT
anatta Scott, RIMM valid sh at LOD?
Scott-ST Moderator: it is anatta
Scott-ST Moderator: the short is setting up
anatta ty
Scott-ST Moderator: and right now the target is above the 50 EMA
Scott-ST Moderator: but RIMM does not look that weak at this point in time
Scott-ST Moderator: We will Hold off on a short alert for now
Scott-ST Moderator: AMZN pulling off it's highs
Scott-ST Moderator: DOW DOWN 17
Scott-ST Moderator: NAZ DOWN 2.48
Scott-ST Moderator: ERR NAZ UP 2.48
Scott-ST Moderator: SPX DOWN 4.01
Scott-ST Moderator: BRB, Coffee refill
anatta RIMM now
Scott-ST Moderator: did you get in anatta?
anatta y, TY!
Scott-ST Moderator: Markets are staying very flat
Scott-ST Moderator: Our Swing Trade VPRT just hit Profit
JQ: GJ
Drew gotta run took profits in CHTT...thx
Drew has left the room
Scott-ST Moderator: Very nice Drew
Scott-ST Moderator: have a good DAy
Scott-ST Moderator: a good stop "in the money" for CHTT would be 73.38, we will hold our stop at entry for now
Scott-ST Moderator: does anyone have a Digital SLR they are happy with?
wizeman has entered DayTrading Chat
Scott-ST Moderator: gm wize
wizeman gm everybody, Scott
Jen I'd have to ask what a SLR was, but in that case, I probably don't have one!
anatta I just Googled SLR
Scott-ST Moderator: SINGLE LENS REFLEX
Scott-ST Moderator: for the most part it's just a camera where you can swap the lens in and out accordingly
anatta I don't have an SLR
Jen ah, no, just have a simple digital that I can't screw up
Scott-ST Moderator: [img id=em-6]
JQ: Bill you have no idea where China is!!!!
Jen great commercial huh JQ!
Scott-ST Moderator: LMAO
Scott-ST Moderator: is that on youtub?
Scott-ST Moderator: e
JQ: Cracks me UP every time!!!
Scott-ST Moderator: me too, this is how bad I am, but who is the commercial for?
JQ: LMAO I'm not sure
Scott-ST Moderator: UPDATE: Moving stop on CHTT 73.38 <in the money>
JQ: FedEx
JQ: Bill that is Greenland!!
Scott-ST Moderator: [img id=em-10]
Scott-ST Moderator: Harry, Joy, Bob, Turkeyneck
Scott-ST Moderator: http://www.metacafe.com/watch/417222/super_bowl_2007_fedex_ground_shipping/
JQ: I wish I would have knew that trick in grade School!!
Scott-ST Moderator: Markets Running Lower
Scott-ST Moderator: CANCEL ALL TYPE B ALERTS UNTIL AFTER LUNCH
Scott-ST Moderator: you mean google?
Scott-ST Moderator: Markets running lower
Scott-ST Moderator: 1% PROFIT HIT. Consider taking some profits in CHTT
Scott-ST Moderator: 1% PROFIT HIT. Consider taking some profits in CHTT
Scott-ST Moderator: 1% PROFIT HIT. Consider taking some profits in CHTT
anatta GJ Scott
Scott-ST Moderator: ty anatta
Scott-ST Moderator: Anatta, did youstick with the RIMM Short?
anatta y
Scott-ST Moderator: [img id=em-8] Nice
anatta thanks to you!
Scott-ST Moderator: [img id=em-5]*BLUSH*
JQ: very few sellers in GOOG
JQ: BRCM nice run
Scott-ST Moderator: was looking at that as a type C
Scott-ST Moderator: but there is no resistance at all
doowop Scott, When do you see us consistently getting good day trades? Are we still in a weak season? Thanks
Scott-ST Moderator: how's the ES trading JQ?
Scott-ST Moderator: intra day doowop?
Scott-ST Moderator: My guess is we will not have any more trades today
Scott-ST Moderator: as it is a holiday, they should of just closed the Markets
JQ: very very conservative G. Scott
Scott-ST Moderator: the best time for day Trades is the 1st 2.5 hours
doowop Not for today. Overall
Scott-ST Moderator: the main proplem I see in the markets is the low Volume
JQ: you need earnings season
Scott-ST Moderator: we are making this move up in the Markets with very light Volume.
doowop Thanks. Do you see an improvement coming in volume?
Jen not seeing what you are seeing RE: market moving up. You mean the past week or so, not necessarily today?
JQ: G. Scott are you closer to opening futures room?
Scott-ST Moderator: I do doowop, but not sure which way, I think everyone is waiting for 10/31 when the FOMC will make another announcement
doowop Thank you
JQ: Doowop there is better volitity during earnings announcements
Scott-ST Moderator: right Jen, looking at the over all move up from the past month
doowop thanks, JQ
Scott-ST Moderator: few Details to work out JQ
JQ: If you were guessing?
Scott-ST Moderator: If I were to Guess, hummmmmm... maybe th 22nd
Scott-ST Moderator: but....
JQ: cool understand
Scott-ST Moderator: markets testing LOD
Scott-ST Moderator: the Markets are also in a very oversold area, but there is room to move lower
Scott-ST Moderator: DOW -35
Scott-ST Moderator: NAZ DOWN 7.81
Scott-ST Moderator: SPX DOWN 7.58
Scott-ST Moderator: was looking at ebay as a type C also but no bottom at this point
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Scott-ST Moderator: DOW DOWN 41
Scott-ST Moderator: NAZ DOWN 3.98
Scott-ST Moderator: SPX DOWN 6.96
Scott-ST Moderator: as we roll out of the Lunch Hour most of the stocks we have been watching are in the same Trading Range
Scott-ST Moderator: Markets look as though they have found a bottom
JQ: G Scott...EThel... DRYS...to extended?
wizeman has left the room
Scott-ST Moderator: I would say it looks good JQ
Scott-ST Moderator: and with the markets moving up from oversold area it just might work out
JQ: stop?...102.61 tight?
Scott-ST Moderator: I would start with 102.29
JQ: ty brobo!!!!
Scott-ST Moderator: [img id=em-8]
JQ: It needs market help to work!!
Scott-ST Moderator: yep
Scott-ST Moderator: but we just are not getting the volume needed
JQ: G. Scott do you use any other studies or indicaters?
Scott-ST Moderator: nope, just my Crystal Ball
Scott-ST Moderator: LOL, I use a handful of indicaters
Scott-ST Moderator: i am a big fan of the Fib's
JQ: Well we ALL know how BIG your crystal balls ARE!!!
Scott-ST Moderator: lol
JQ: do you use fib's on futures too?
Scott-ST Moderator: big time
JQ: ok I will look at Fib's ...anything esle?
Allende If the markets end down today with such low volume, which is entirely expected because of Columbus day, does that (down on a low volume holiday) having any technical significance as to how the market might open tomorrow (up/down/flat) or might trend during the day--as normal volume continues?
Scott-ST Moderator: Volume, CCSI, Bollinger Bands, STocks,
Scott-ST Moderator: hard to tell Allende
JQ: not the answer ....from large crystal's... most be just swollen!!!
Scott-ST Moderator: [img id=em-11]
JQ: LOL
JQ: Red Sox Fan?
Scott-ST Moderator: this time of year I am
JQ: LOL Time to jump on the bandwagon?
Allende pretty big decline/advances today, despite moderate indices declines. Any thoughts on whether the market is overbought and will open /close lower tomorrow?
JQ: LOL
JQ: Bring on the Yankee's?
Scott-ST Moderator: Allende, it's giong to be hard to guess the open/close tomorrow at this point.
Scott-ST Moderator: For the Most Part September is a bad month for the markets and Oct is always good for a recovery.
Scott-ST Moderator: but this Sept, was not so badd at all in th mearkets
JQ: G. Scott those indicators you use on futures too?
Scott-ST Moderator: yep
JQ: G. Scott....DRYS may work here
JQ: TY
Scott-ST Moderator: yep, I like it 2nd breakout
Scott-ST Moderator: see that AAPL broke out also
Scott-ST Moderator: GOOG at 601+
Scott-ST Moderator: DOW DOWN 31
JQ: BIDU did also
Scott-ST Moderator: NAZ DOWN 0.27
Scott-ST Moderator: SPX DOWN 5.46
JQ: GOOG kicking
Scott-ST Moderator: DOW and S&P bot testing the 50 ema on the 5 min chart
JQ: S&P called Jack Bower... But he was hung-over!!!!
Scott-ST Moderator: [img id=em-10]
JQ: out@ .90
Scott-ST Moderator: that was fast? what was your entry?
JQ: .70 didnt trust it!!
JQ: seeing to much RED!!!
nick wow look at the chart on STV
nick craziness
Scott-ST Moderator: IPO?
JP China IPO from friday
JQ: JP did you get any of DRYS today?
kami has logged out
JP Earlier this morning.
Scott-ST Moderator: Watching for Type B Short at new low of the day on NOVN 13.17
Scott-ST Moderator: Watching for Type B Short at new low of the day on NOVN 13.17
Scott-ST Moderator: Watching for Type B Short at new low of the day on NOVN 13.17
Scott-ST Moderator: nice job JP
JQ: GJ You have been killing that one Bro!!
JP Been trading it quite a bit since AON pointed it out earlier this year.
JP It was in the 30's back then.
JQ: But didn't aon point OUT every stock in every exchange?
JQ: LMAO
JP LOL. Yeah but DRYS and VDSI both worked out really well for me and they both came from AON.
Scott-ST Moderator: lol JQ
JQ: GJ...JP!!
JQ: Ethel...SNDA
Scott-ST Moderator: runner
Scott-ST Moderator: Conservative is the word for today, I don't think we will force any thing at this point
Scott-ST Moderator: markets moving lower
Scott-ST Moderator: DOW DOWN 48
Scott-ST Moderator: NAZ DOWN 4.35
Scott-ST Moderator: SPX DOWN 7.74
Scott-ST Moderator: okay Gang, I have a Dr. Apt this afternoon at 3:00, so I will be taking off around 2:30
JQ: I knew Calebo was SICK...But I thought you were OK?
JP Cale get sick after watching the Broncos yesterday?
Scott-ST Moderator: LOL
limey has logged out
JQ: Did the charers beat them up?
Scott-ST Moderator: CANCEL NOVN SHORT For now
JP 43-3
JQ: OMG!!!!
JP Or something like that.
JP I know the Broncos only scored 3 and the Chargers ended in the 40's.
Scott-ST Moderator: wow JP, what happened?
Scott-ST Moderator: well you still have the Rockies in it....
JP Yes. Worst loss at home for the Broncos since 1960
JQ: He had Too much Orange Crush to drink!!
Scott-ST Moderator: lol
JQ: They were do to break-out but you wouldn't think Bronco"s at Home!!
JQ: I bet some fan cut the crystal's off the Bronco after that GAME!!!
JP The stadium was virtually empty byt the time the 4th quarter started.
Scott-ST Moderator: saw part of that, and it was Raining?
JQ: Denver Gilldens!!
JP Yeah, we got light rain off and on last night throughout the game.
JQ: Calebo decided to stay up on Brokeback an extra day after that ass whipping!!!
Scott-ST Moderator: LOL
JQ: Does he talk bad about me when I'm not here?
JQ: LOL
Scott-ST Moderator: Everyone does JQ, didn't you know that?
JQ: LOL
Scott-ST Moderator: oh that reminds me Ineed to get the last few weeks of Transcripts up on the web
Scott-ST Moderator: okay Gang, I am going to take off. See you all in the Morning
Scott-ST Moderator: CANCAL ALL ALERTS FOR TODAY