"tip" for the music?? :) (01:30 PM) John 4242: send (01:31 PM) wayne_53: don't you see his cup John (01:31 PM) jimbo_320: turn the volume down usually works LOL (01:32 PM) jimbo_320: maybe i should be trading, nice bounce on es.. (01:32 PM) KCS_111: bummer, wayne..always happens, huh? (01:32 PM) wayne_53: long 23.50 (01:32 PM) wayne_53: this is what I've been waiting 40 min for (01:33 PM) wayne_53: stop BE (01:39 PM) wayne_53: out 28.50 +5 Paltalk: ========================================== Looking for a needle in a haystack? Copernic 2001 Basic will find it! Search all the major search engines at once. COPERNIC 2001 BASIC, for FREE! Click Here ========================================== (01:39 PM) jimbo_320: thanks for listening (those that could stick my fumbling ingers), i'm heading off off out to the pub for a few beers tonight. Have a great weekend all (01:39 PM) larrypt: take care Jimbo (01:40 PM) thoff: cya jimbo (01:40 PM) John 4242: thanks, Jimbo (01:40 PM) skyprince_1: bye jimbo...thnks for the tunes (01:40 PM) dave_b_quik: quaff a pint for me jimbo, good weekend (01:40 PM) jimbo_320: dave i'll email you a picture of one ! (01:40 PM) dave_b_quik: LOL (01:41 PM) jimbo_320: Not budweiser though, cant get Americas finest over here. (01:41 PM) jimbo_320: Seems to be plenty of Aussie beer though. (01:41 PM) dave_b_quik: we drink Canadian up here in Buffalo (01:42 PM) jimmer49: any snow there yet, dave? (01:42 PM) dave_b_quik: soom come (01:42 PM) dave_b_quik: soon come (01:42 PM) jimmer49: I lived in Syracuse 4 years (01:42 PM) dave_b_quik: why would a person ever leave Syracuse? (01:43 PM) jimmer49: to have spring and summer that lasts longer than 3 months (01:43 PM) dave_b_quik: LOL (01:44 PM) hanksterr: looks toppy (01:44 PM) dbphoenix: How about spring and summer that lasts 11 months? (01:44 PM) dave_b_quik: my wife is from one of the hottest places in S.America, and she prefers Buffalo now Paltalk: Love PalTalk but hate the banners and popups? Go bannerless! Only $9.95 per year! Click HELP on your Pal List then click 'Bannerless PalTalk'. (01:44 PM) jimmer49: boring (01:45 PM) dbphoenix: Beats shovelling snow :0) (01:45 PM) jimmer49: In southern Oregon we have four distinct seasons with no real extremes (01:46 PM) dave_b_quik: too many new yorkers over there, no? (01:46 PM) jimmer49: maybe 2 weeks of 95+ now and then in summer (01:46 PM) dave_b_quik: LOL (01:47 PM) jimmer49: where dave - new yorkers? (01:47 PM) dave_b_quik: kidding, "come to NY, get away from the new yorkers who all moved out west" (01:47 PM) hanksterr: when I was out there it was 95 in the day and 50's at nite real nice (01:48 PM) jimmer49: We have California retirees coming in droves Paltalk: ========================================== CallWave has developed the Internet Answering Machine, a FREE alternative to a dedicated modem line, and available to Internet users nationwide! It can be up and running in minutes by Clicking Here CallWave........It's a lot better than a busy signal! ========================================== (01:49 PM) KCS_111: buying 33% retr at 24 (01:49 PM) Orprepus: they like to bake in the summer and winter Paltalk: ========================================== Home Equity Loans without Perfect Credit Get the home equity loan you need to pay off high interest debt. Over 185 branches nationwide Click Here ========================================== (02:03 PM) major_47: anybody else miss this move except me? (02:03 PM) filo_13: How much is nasdaq traded? (02:04 PM) rich012: smax long on continuation here? (02:04 PM) larrypt: yes (02:05 PM) ppusa: maybe 50 to 75 point rally (02:05 PM) ppusa: ??? (02:05 PM) jimmer49: smax long 29.5 (02:07 PM) ppusa: 10 and 15 point plus secret chart i think more inclined to indicate pullback than 50 point rally (02:07 PM) ppusa: clueless (02:07 PM) jimmer49: smax stop 30 (02:08 PM) jimmer49: prep smax short (02:08 PM) skyprince_1: 2b forming here? Paltalk: ========================================== Save up to 80% on inkjet cartridges! Lowest Prices and Highest Quality products. FREE SHIPPING with minimum purchase. Customer satisfaction guaranteed. Click Here ========================================== (02:09 PM) dave_b_quik: what TF, sky? (02:10 PM) wayne_53: jimbo....By the rules I don't think we can go short due to the 20pt rule (02:10 PM) skyprince_1: 2 min...but gone now...just lloked possible... (02:10 PM) wayne_53: sorry....make that jimmer not jimbo (02:10 PM) jimmer49: smax still long (02:10 PM) wayne_53: yes jimmer but we can't reverse (02:11 PM) skyprince_1: Testing HOD (02:11 PM) jimmer49: still have lower high on macd wayne (02:12 PM) CareyP: wayne what is 20 pt rule? thks (02:12 PM) wayne_53: but how can we go short after 20 pt run up? (02:13 PM) wayne_53: After 20 pts in either direction you can't reverse trade unless macd makes lower high or higher low (02:14 PM) jimmer49: I'm looking at prev high at 1345 bar to define 20 point rule (even though only 19.5) so macd dips from there and then makes lower high. same with stoch Paltalk: Please support our sponsors by clicking on banners. (02:14 PM) wayne_53: so I see what jimmer is saying, if we reverse here we'll have a lower high on macd and can go short as long as we don't violate the 1/3 BB rule (02:14 PM) jimmer49: this could all change before we get out of this long (02:14 PM) skyprince_1: MACD is at lower high.....lower from 1340 bar (02:15 PM) jimmer49: moot now (02:15 PM) wayne_53: looks like we may make some money here (02:16 PM) jimmer49: and I wasn't expecting much of anything - just never know (02:16 PM) jimmer49: that's why you take them all (02:17 PM) wayne_53: that's why I hung in for over 40 min before hoping for something like this (02:17 PM) jimmer49: do was certainly a clue (02:17 PM) thoff: yes, I agree jimmer...best way to trade a method is to take every signal Paltalk: ========================================== Win an African Safari or the Vacation of your Dreams. Click Here ========================================== (02:19 PM) jimmer49: sometimes when you think the day is a lost cause, you get a parabolic run that catches everyone by surprise (02:19 PM) jimmer49: look at adx (02:19 PM) dbphoenix: Which is what fuels the continuation. (02:22 PM) wayne_53: out 39.00 +10 (02:22 PM) jimmer49: smax +10 (02:23 PM) dbphoenix: I went back to a 7pt stop. (02:24 PM) wayne_53: I used 5 on such a flaky day (02:24 PM) jimmer49: thought about it but 2 min chart told me not to (02:24 PM) dbphoenix: Since we're at yesterday's close, thought I'd leave it alone. (02:25 PM) jimmer49: break here brb (02:25 PM) dbphoenix: They can't decide here. (02:25 PM) dbphoenix: Out. +9.5 (02:27 PM) skyprince_1: So, we need another test before going short here? A lower high on MACD? (02:28 PM) dbphoenix: Don't really have a test yet. Just an upbar on the 1m (02:28 PM) dbphoenix: Tho if you measure from the 1350 bar, there's no 20pt move. Paltalk: ========================================== Looking for a needle in a haystack? Copernic 2001 Basic will find it! Search all the major search engines at once. COPERNIC 2001 BASIC, for FREE! Click Here ========================================== (02:30 PM) skyprince_1: db....but that was just a continuation of move from 1310 bar, right? (02:30 PM) VernHale: i show 19 pts (02:31 PM) dbphoenix: It's till a swing low. But I don't make the rules, so you'll have to wait for jimmer. (02:31 PM) dbphoenix: till=still (02:33 PM) wayne_53: db....I think jimmer said it had to be something more than just a quick retrace and then resume. This should be a continuation (02:34 PM) ispe_bc: overnite hi at 46.50 (02:34 PM) dave_b_quik: yd hod 51 (02:35 PM) jimmer49: looks like continuation to me, although had I been here I would have hesitated to take it (02:35 PM) ispe_bc: saw that from 16:45 (02:35 PM) jimmer49: T says those one bar retracements are the best kind (02:35 PM) dbphoenix: One problem with systems is that you have to define words like "quick". (02:36 PM) wayne_53: keep a close stop for those who got on board (02:36 PM) elly_34: i don't think retro has stopped yet has it dave? (02:37 PM) wayne_53: I don't think he used the word quick but that's my interpretation. I agree it has to be better defined (02:37 PM) jimmer49: assuming smax long from 40.5 with 5 point stoop (02:37 PM) jimmer49: divergence on 2 min (02:38 PM) dave_b_quik: NQ 2B if 1339 (02:38 PM) dave_b_quik: 5m (02:38 PM) jimmer49: on 5 min there is a 2 point macd divergence on macd and 3 point dieverge on stoch (02:39 PM) skyprince_1: I see that dave... Paltalk: ========================================== CallWave has developed the Internet Answering Machine, a FREE alternative to a dedicated modem line, and available to Internet users nationwide! It can be up and running in minutes by Clicking Here CallWave........It's a lot better than a busy signal! ========================================== (02:40 PM) jimmer49: smax hosed by 5 point stop (02:41 PM) wayne_53: not anymore jimmer (02:43 PM) VernHale: 1:36 (2 min) bar had 6 pt range H/L, that is stopped out if using 5 point rule, right? (02:43 PM) skyprince_1: 5 pt initial crash stop, then 7 pt trailing seems best..IMO (02:43 PM) jimmer49: right (02:43 PM) jimmer49: +2 (02:44 PM) dave_b_quik: 7 point chandelier stop? (02:44 PM) VernHale: overbought area rule = 5 pts???? Paltalk: Press the INVITE button NOW! Get your friends in on the fun! Invite them to join us on PalTalk today! (02:46 PM) dbphoenix: Now we're really pushing resistance. (02:47 PM) wayne_53: Vern......that's not in writing although probably not a bad idea. Use it around resistance pts. and probably during choppy periods (02:47 PM) VernHale: i saw it wayne (02:47 PM) VernHale: in writing (02:47 PM) jimmer49: It is in writing as and option (02:47 PM) VernHale: discretion (02:47 PM) skyprince_1: dave....retro long from 1317 still? (02:48 PM) skyprince_1: With 2 adds? (02:49 PM) VernHale: lotsa divergence up here (02:50 PM) dave_b_quik: should have been, but no. Gotta revise the stop rule, been getting stopped out before the move is over Paltalk: ========================================== Home Equity Loans without Perfect Credit Get the home equity loan you need to pay off high interest debt. Over 185 branches nationwide Click Here ========================================== (02:50 PM) dbphoenix: Lower high on 1m (02:51 PM) skyprince_1: ic (02:52 PM) rich012: 5min macd still dind't diverge on the last high (02:53 PM) Daniel X: WAZZUP! (02:53 PM) Daniel X: PP u awake? (02:53 PM) dave_b_quik: yo, dan! was wondering what happened to you (02:53 PM) dave_b_quik: was gonna drop you a note (02:53 PM) Daniel X: well needed time off (02:53 PM) ppusa: i'm here (02:53 PM) rich012: so if 5 min macd still not diverging, would u take another continuation signal? (02:54 PM) Daniel X: Retro doing great these past 2 weeks i c (02:54 PM) Daniel X: figures i wud take the best 2 weeks..off!!LOL (02:54 PM) dave_b_quik: still gets retro'd on the small ranges Welcome Msg: Welcome index futures traders and TrendVUE.com alumni. Today's charts at www.DaCharts.com WARNING: Any trades posted here are for educational purposes only. Don't take the trades unless you understand them and can take the risk. (03:04 PM) Hollie_: vern, everyone still here (03:05 PM) jimmer49: possible John (03:05 PM) VernHale: tks (03:06 PM) hanksterr: jimmer is short smax at 39 (03:06 PM) Hollie_: yes, stange...must be solar flares (03:06 PM) VernHale: sold at 47, cv at 41.5 for 5.5 (03:06 PM) KCS_111: I am short from 48 with stop at be (03:06 PM) KCS_111: I am covering at 38 i hope (03:07 PM) jimmer49: smax not short (03:07 PM) rich012: smax couldn't short since no divergence on 5m macd imo (03:07 PM) VernHale: nothwithstanding smax, could not pass that one up (03:09 PM) rich012: but smax must be prepping short on lower high I assume (03:09 PM) jimmer49: agree rich Welcome Msg: Welcome index futures traders and TrendVUE.com alumni. Today's charts at www.DaCharts.com WARNING: Any trades posted here are for educational purposes only. Don't take the trades unless you understand them and can take the risk. (03:11 PM) dbphoenix: Got it on the 1m. Under these conditions, might have to be enough. (03:12 PM) jimmer49: see that (03:12 PM) jimmer49: smax not allowed to use 1 min yet (03:12 PM) elly_34: isp from hell (03:12 PM) jimmer49: would change a lot of things (03:12 PM) dbphoenix: Really (03:12 PM) jimmer49: what elly? (03:13 PM) rich012: jimmer, so the macd needs to hook up for a bar or two before can go short? (03:13 PM) dbphoenix: I only use it as a clue as to what to expect. (03:13 PM) jimmer49: as it now stands rich (03:14 PM) wayne_53: jimmer....got knocked off PT so don't know if you saw my question or answered but where do we start the 20 point rule count on this last run up (03:15 PM) rich012: ok jimmer, that hasn't happened yet on my chart. No hook yet. (03:15 PM) dbphoenix: A little surprised at these dojis. Paltalk: You DO have a choice! Buy bannerless to end your popup blues today! Click OPTIONS on your Pal List then click 'Bannerless PalTalk'. Only $9.95 a year! That's less than THREE CENTS per day! WOW!!! (03:15 PM) jimmer49: wayne I gotta think way back at the bottom, if you reset 20 point clock at every retrace you will have trouble I thnk (03:16 PM) VernHale: sp's pulling this stuff up (03:16 PM) wayne_53: thnx (03:16 PM) dbphoenix: Wasn't that what we were doing yesterday? (no log) (03:16 PM) VernHale: divergence (03:17 PM) KCS_111: stopped out..too greedy be (03:17 PM) Doc_B: its still going_up (03:17 PM) skyprince_1: surprising (03:19 PM) dbphoenix: This is why it's difficult to distinguish between a retracement and a reversal until the last swing low is taken out. (03:19 PM) VernHale: sp strong (03:19 PM) Doc_B: oh yes (03:19 PM) Doc_B: target nas 1360 (03:19 PM) VernHale: go doc (03:20 PM) Hollie_: wink (03:20 PM) Doc_B: hiho (03:20 PM) hanksterr: going for nh pp was right (03:20 PM) ppusa: got the 10 point reversal then up Paltalk: ========================================== Looking for a needle in a haystack? Copernic 2001 Basic will find it! Search all the major search engines at once. COPERNIC 2001 BASIC, for FREE! Click Here ========================================== (03:20 PM) rich012: smax not long here, right? (03:21 PM) Hollie_: you're always right,d (03:21 PM) Doc_B: oh no not always.... (03:21 PM) VernHale: but look at this divergence (03:21 PM) ppusa: maybe take another run at 1500 or stop at 1400 next week (03:22 PM) Doc_B: see another move up (03:22 PM) ppusa: a little late in the day and a little obot (03:22 PM) dbphoenix: I assume smax would be long at 1345. (03:22 PM) dbphoenix: Higher low, higher high, continuation. (03:23 PM) Doc_B: i am long from 45 -lol- (03:23 PM) jimmer49: smax long 45.5 (03:23 PM) jimmer49: as I see it (03:23 PM) ann_87: jimmer do you use the 9 ema like mike on these first crosses? on the 5 mn? (03:24 PM) dbphoenix: If you're not sure what to do, Rich, you can always straddle the bar. (03:24 PM) jimmer49: no ann (03:24 PM) ann_87: k, (03:24 PM) Doc_B: out at 50, (03:24 PM) VernHale: looks topheavy (03:25 PM) jimmer49: smax stopped 49 (03:25 PM) jimmer49: and macd, stock divergence which should allow going short (03:26 PM) Doc_B: cu all -- bye (03:26 PM) Hollie_: bye, stop by again (03:28 PM) VernHale: i am confused here (03:28 PM) hanksterr: need lower swing high right on 5min (03:28 PM) Hollie_: detreded price heading up a bit (03:30 PM) Hollie_: detrended up on 5m down on 15m (03:30 PM) ppusa: still hasn't hit 1360 to reverse 50 point chart. I was disappointed yesterday's low didn't get taken out. (03:30 PM) ppusa: to obot here to justify holding longs Paltalk: ========================================== CallWave has developed the Internet Answering Machine, a FREE alternative to a dedicated modem line, and available to Internet users nationwide! It can be up and running in minutes by Clicking Here CallWave........It's a lot better than a busy signal! ========================================== (03:31 PM) ppusa: should go higher and lower (03:31 PM) rich012: smax now short? or prep short? (03:33 PM) ann_87: maybe dow still needs to test this am's high? (03:34 PM) zackiblue: anyone long (03:34 PM) ppusa: weekly basis, i am not surprised to see this rally. Probably hit last week's close at least if not even go to new highs one more time (03:35 PM) ppusa: think 4 weeks up now (03:36 PM) VernHale: you'all can have this mess, its a crap shoot (03:36 PM) VernHale: goodnight (03:36 PM) wayne_53: Just when you thought it was over with (03:36 PM) Hollie_: bye vern (03:36 PM) wayne_53: adios (03:37 PM) zackiblue: its down this week what are you talking about (03:38 PM) ann_87: dow hod (03:39 PM) ppusa: 10 point PnF says little higher, 15 point says get out (03:40 PM) zackiblue: so what do you do (03:40 PM) ppusa: go home Paltalk: ========================================== Home Equity Loans without Perfect Credit Get the home equity loan you need to pay off high interest debt. Over 185 branches nationwide Click Here ========================================== (03:41 PM) major_47: What is PnF pp? (03:41 PM) ppusa: Point anf Figure charts (03:42 PM) major_47: ok I see (03:42 PM) ppusa: 10 point shows a buy signal and 15 point is way obot (03:42 PM) skyprince_1: magic (03:43 PM) QSuzy: ppusa....how do you measure obot on pnf?.....just an extraordinarily long column of x's? (03:44 PM) ppusa: yes (03:45 PM) QSuzy: ok (03:45 PM) donsuelo: Any written material you recommend on PnF? Paltalk: To visit our sponsors, click on banners! (03:46 PM) QSuzy: don....dorseywright.com (03:46 PM) ppusa: not that i could refer (03:46 PM) ppusa: he's big PnF (03:46 PM) ppusa: I think the best way to use it is inconjunction with retro, smacdx, etc (03:46 PM) jimmer49: I lost connection for last several minutes (03:47 PM) QSuzy: dorseywright has online instruction....free....Tom Dorsey has written a few books on the subject. (03:47 PM) minnie_142: Pt& Figure Charting ..Carroll D. Aby (03:47 PM) donsuelo: Is Dorsey"s book of value? (03:47 PM) elly_34: where is smax at today? (03:48 PM) elly_34: on the day (03:48 PM) jimmer49: looks like smax went short at 47.5, sar at 51 (03:49 PM) donsuelo: Has anyone seen John Bollinger"s recent book?......Comments? (03:49 PM) QSuzy: I think Dorsey's book is a good start.....seems like interpreting pnf is almost more of an art tho.... (03:49 PM) Buffy_04364: I heard it was good don (03:49 PM) Buffy_04364: have not seen it myself (03:49 PM) elly_34: dave are u updating any of the retro charts that are missing? (03:49 PM) Buffy_04364: we are going to work together on it elly (03:49 PM) Buffy_04364: as soon as we can (03:49 PM) dave_b_quik: just got back, ya, elly i'll be working on it (03:50 PM) elly_34: great (03:50 PM) Buffy_04364: to get retro caught up right dave? (03:50 PM) dave_b_quik: ya (03:50 PM) elly_34: i'm going to trade with pfg simulator next week (03:50 PM) elly_34: take my focus off stocks and options for now (03:50 PM) Buffy_04364: great elly (03:50 PM) Tom_B: Jimmer on sar, no BBand 30% rule there ? (03:51 PM) elly_34: think i'm comfortable with retro but for a few iffy situations,,,, (03:51 PM) Buffy_04364: company still here but busy for a while Paltalk: ========================================== Save up to 80% on inkjet cartridges! Lowest Prices and Highest Quality products. FREE SHIPPING with minimum purchase. Customer satisfaction guaranteed. Click Here ========================================== (03:51 PM) Buffy_04364: missed you all today (03:51 PM) elly_34: then though will want to learn smax too (03:51 PM) Buffy_04364: and trading................. (03:51 PM) donsuelo: Agree QSuzy from what I caught of the Dorsey book at Borders (03:51 PM) ppusa: guess who hit 1360? (03:52 PM) Buffy_04364: many feel to get beyond the rules of TA is an art (03:52 PM) elly_34: are we going to ensign room buffy for the sync?