tomsurf: Good morning Buffy dave_b_quik: good morning all (09:16 AM) Buffy_04364: hi Dave (09:16 AM) Buffy_04364: Google got to post some charts yesterday (09:16 AM) Buffy_04364: went and got snagit (09:16 AM) dave_b_quik: good news (09:17 AM) tomsurf: yes, saw them ;-) (09:17 AM) Buffy_04364: Howard has the class posted also (09:17 AM) Buffy_04364: like the way he inserts the pictures (09:18 AM) Michaelaf: test (09:19 AM) Buffy_04364: http://www.ensignsoftware.com/class/12-19-01.htm (09:19 AM) Buffy_04364: that is the link to it (09:20 AM) dave_b_quik: good, i missed the middle part of the class last nite (09:27 AM) Buffy_04364: well one confusing thing for roger and I was how to apply the 61,62,63 to a chart (09:27 AM) Buffy_04364: turns out need to select color bands from the studies window (09:27 AM) Buffy_04364: then change it (09:27 AM) Buffy_04364: to what one you want (09:27 AM) Buffy_04364: rik88 to the rescue again :-) (09:28 AM) hanksterr: Buffy, I just saved the espl to a template (09:30 AM) Buffy_04364: hmmm did not know a template would save an espl (09:30 AM) Buffy_04364: tks (09:31 AM) hanksterr: works great (09:31 AM) Buffy_04364: you still have to run it though first right (09:31 AM) Buffy_04364: don't think Roger realizes it either (09:32 AM) hanksterr: y before or after (09:32 AM) Buffy_04364: Hi GSD where you been hiding? (09:32 AM) Buffy_04364: good to see you (09:34 AM) Buffy_04364: glad you came back jimmer (09:34 AM) Buffy_04364: :-) (09:34 AM) gravestonedoggie: hi buffy, how are you? (09:34 AM) jimmer49: lost connection for a bit (09:35 AM) ann_87: morning all (09:35 AM) gravestonedoggie: good morning (09:35 AM) jimmer49: hi ann (09:36 AM) ann_87: hi jimmer (09:36 AM) google_2: morning (09:36 AM) Michaelaf: new hear hello everybody (09:36 AM) ann_87: welcome michaelaf (09:36 AM) Michaelaf: hi ann (09:36 AM) tomsurf: hey google, welcome Michael (09:37 AM) Buffy_04364: hi Michaelaf (09:37 AM) Michaelaf: hi Buffy (09:38 AM) Buffy_04364: been trading long? (09:38 AM) Michaelaf: nq wild so far (09:38 AM) Michaelaf: 3 years (09:39 AM) Michaelaf: you? (09:39 AM) google_2: hey buffy (09:39 AM) Buffy_04364: didn't even know what a emini was until last January (09:39 AM) Buffy_04364: Hi google (09:39 AM) Buffy_04364: how you doing today (09:40 AM) google_2: good (09:40 AM) dave_b_quik: nice charts in yesterday's folder, google (09:40 AM) google_2: thanks dave (09:40 AM) tomsurf: googs- yes, thanks for the posts (09:44 AM) google_2: long @17 (09:45 AM) google_2: out 1 +4 (09:47 AM) Michaelaf: test (09:47 AM) dave_b_quik: echo: test Paltalk: ========================================== Save up to 80% on inkjet cartridges! Lowest Prices and Highest Quality products. FREE SHIPPING with minimum purchase. Customer satisfaction guaranteed. Click Here ========================================== (09:51 AM) ann_87: daily nq at support here it seems (09:52 AM) Michaelaf: everyone here trade NQ only (09:52 AM) google_2: +4, flat (09:53 AM) Michaelaf: ? (09:53 AM) raz_62: lots (09:53 AM) Michaelaf: wtg goggle (09:53 AM) dave_b_quik: some ES, bonds, and index options too michaelaf (09:53 AM) ann_87: good one google (09:53 AM) google_2: thought this might be gartley reversal from yesterday (09:54 AM) jimmer49: michael - some trade es and a couple do stocks as well (09:54 AM) Michaelaf: i see (09:55 AM) jimmer49: most all of the talk is about nq (09:56 AM) Michaelaf: thanks 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! ========================================== (10:00 AM) Buffy_04364: GENEVA –– An outbreak of the deadly ebola virus has spread from the central African nation of Gabon to neighboring Republic of Congo, the World Health Organization said Thursday (10:00 AM) Buffy_04364: Eleven cases have been detected in Republic of Congo, the U.N. health agency said in a statement. Sixteen cases have already been reported in Gabon, and 15 people have died so far. (10:00 AM) Buffy_04364: wonder if that will worry the market (10:01 AM) jimmer49: market usually not concerned about Africa - let it come to Europe and market will worry (10:02 AM) Buffy_04364: tks jimmer (10:02 AM) ann_87: hmm .69 trin (10:03 AM) Buffy_04364: ann do you also watch the naz trin which is now 1.93 (10:03 AM) ann_87: i used to with q charts. (10:03 AM) ann_87: sometimes (10:04 AM) Buffy_04364: it is $trinq in ensign (10:04 AM) ann_87: it is an observation buffy.... that is still there (10:04 AM) ann_87: do you ever watch the nyse trin?? (10:04 AM) Buffy_04364: yes I have both up (10:04 AM) Buffy_04364: little charts (10:06 AM) ann_87: buffy how long have you been watching trin? Paltalk: Your friends are just a click away! Press the invite button NOW! (10:07 AM) Buffy_04364: no clue the way time is distorted for me quite a while (10:07 AM) Buffy_04364: months (10:07 AM) ann_87: 3 months? (10:07 AM) Buffy_04364: at least (10:08 AM) Buffy_04364: whenever orp emailed him quote sheet (10:08 AM) Buffy_04364: maybe he remembers (10:08 AM) Buffy_04364: oh I know how to find out (10:08 AM) Buffy_04364: 9/19 (10:09 AM) Buffy_04364: date on email (10:09 AM) Buffy_04364: LOL (10:09 AM) ann_87: so 3 months (10:09 AM) ann_87: ok (10:09 AM) Buffy_04364: why Paltalk: ========================================== Find the Best Sites on the Web Click Here ========================================== (10:09 AM) ann_87: so did youthink i said to buy nq since trin at .69 (10:10 AM) Buffy_04364: no way (10:10 AM) google_2: short @14 (10:10 AM) Buffy_04364: you mentioned trin - I noticed ny and asked if you watched naz (10:10 AM) Buffy_04364: that is all ann (10:10 AM) ann_87: options exp can distort trin (10:10 AM) Buffy_04364: yes it can (10:11 AM) Buffy_04364: remember that from QChart days (10:11 AM) ann_87: so not really that reliable (10:11 AM) Buffy_04364: when I watched it also (10:11 AM) ann_87: oh i thought had only been watching for 3 months (10:11 AM) Buffy_04364: short at 15 google (10:11 AM) Buffy_04364: :-) (10:11 AM) Buffy_04364: went back to watching it in ensign 9/19 (10:11 AM) Buffy_04364: didn't watch from april to then (10:12 AM) gravestonedoggie: there is an ndx rebalancing due on friday also, i believe... this might have some effect on trading late in the week (10:12 AM) google_2: out 1+3 (10:12 AM) tomsurf: 1607 was globex low (10:12 AM) gravestonedoggie: (not trin.. just ndx action) (10:13 AM) Buffy_04364: yes just hope volatility isn't going to be changed too much (10:13 AM) Buffy_04364: also sometime soon the stock futures start don't they? (10:13 AM) gravestonedoggie: think so.. dont know datte (10:14 AM) Buffy_04364: so how you been gsd? (10:14 AM) Buffy_04364: still think of you when I see your candle LOL (10:14 AM) gravestonedoggie: good, thanks (10:14 AM) gravestonedoggie: hehe.. cute (10:14 AM) Buffy_04364: time line in pyra (10:14 AM) gravestonedoggie: ndx very near last week low (10:15 AM) Buffy_04364: tks (10:15 AM) Buffy_04364: bline below 20 many tf (10:16 AM) gravestonedoggie: does that mean weak? or oversold? (10:16 AM) gravestonedoggie: or both? (10:16 AM) Buffy_04364: means trend strong (10:16 AM) gravestonedoggie: right.. thnx (10:16 AM) Buffy_04364: until divergence appears (10:16 AM) gravestonedoggie: i see (10:17 AM) Buffy_04364: which should be with next low IMO (10:18 AM) gravestonedoggie: amazing that rest of market holding as well as it has (10:18 AM) gravestonedoggie: low trin reflecting not much nyse selling pressure (10:18 AM) Buffy_04364: depend on how low this low is really (10:18 AM) Buffy_04364: 3.07 q (10:19 AM) Michaelaf: Buffy do you use 75 tick chart? (10:19 AM) Buffy_04364: yes but watch many more (10:19 AM) google_2: out +8 (10:19 AM) google_2: flat Paltalk: ========================================== Save up to 80% on inkjet cartridges! Lowest Prices and Highest Quality products. FREE SHIPPING with minimum purchase. Customer satisfaction guaranteed. Click Here ========================================== (10:20 AM) Buffy_04364: we have the divergence on this low (10:20 AM) Buffy_04364: so it is a wait and see (10:20 AM) Buffy_04364: not all divergences work when bline above 80 or below 20 (10:20 AM) Buffy_04364: flat and playing safe :-) (10:21 AM) google_2: does anyone think this will be a trend day? (10:21 AM) google_2: darn! :-( (10:22 AM) ppusa: you might be able to ride this to below 1595 (10:23 AM) Nas Steve: Good Morning (10:23 AM) gravestonedoggie: quite possible if ndx breaks support (10:24 AM) google_2: hi steve (10:24 AM) google_2: hi pp (10:24 AM) tomsurf: g'morning Steve (10:24 AM) ppusa: hi (10:24 AM) ann_87: hi steve (10:24 AM) google_2: what do you guys think? (10:25 AM) tomsurf: looking to see how it reacts around the test of the low at 1595 (10:26 AM) Nas Steve: some support at 1600 or so, but looks pretty bleak to me (10:26 AM) TL11: i'm out at 3.5 (10:26 AM) google_2: long @4.5 (10:28 AM) jimmer49: macd turning up, but no cross (10:29 AM) Buffy_04364: tks jimmer (10:29 AM) jimmer49: 4,11,6 (10:29 AM) Buffy_04364: no higher low either (10:29 AM) ppusa: hard to say here because lots of past support which may or may not get broken. The nas as i have been saying all week could use a lower low on the weekly chart and it has come a long way without any real test of it's lows. 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! ========================================== (10:29 AM) google_2: -2.5 (10:30 AM) jimmer49: DO13 negative and hasn't wavered (10:30 AM) ppusa: short at 1615 and am going back to sleep (10:30 AM) jimmer49: 5m (10:31 AM) jimbo_320: covered +14 on one and +7 on another :-) (10:31 AM) Buffy_04364: nice guys (10:32 AM) google_2: wow! (10:32 AM) Buffy_04364: love everyones comments (10:32 AM) google_2: awesome (10:32 AM) dave_b_quik: hey ann, what do those TICK's mean here (10:32 AM) ann_87: minus 900 ticks (10:32 AM) ann_87: i think alot of distortion from triple witching (10:33 AM) jimbo_320: es h v b (10:33 AM) Buffy_04364: my custom symbol of spread between up and dn vol has down volume in the lead (10:33 AM) ann_87: but it confirms selling (10:34 AM) ann_87: it could show exhaustion too dave (10:34 AM) ann_87: when reading so high (10:35 AM) gravestonedoggie: 47 es was yest late swing low (10:36 AM) jimbo_320: es sitting on 47 pivot (10:36 AM) gravestonedoggie: so a pivot (10:36 AM) gravestonedoggie: hehe (10:36 AM) ann_87: jimmer cross on 5 min? Paltalk: Go bannerless and support PalTalk! Subscribe today! Only $19.95 a year! Click HELP on your Pal List then click 'Bannerless PalTalk'. (10:36 AM) Buffy_04364: going over to ensign room to ask howard a few ?'s bbl (10:37 AM) jimmer49: macd cross imminent (10:37 AM) Buffy_04364: would appreciate it if someone could save room and send (10:37 AM) jimmer49: not going for it just yet (10:37 AM) dave_b_quik: OK, if paltalk cooperates (11:57 AM) gravestonedoggie: need 1595 to confirm (11:57 AM) Nas Steve: Sent the chart Dave (11:57 AM) Nas Steve: Do I think we hit 98? (11:57 AM) Nas Steve: not really (11:58 AM) Nas Steve: 1498, yes (11:58 AM) google_2: thanks steve (11:58 AM) gravestonedoggie: expiration week usually very supportive for market.. so that is not so promising for naz next week (11:58 AM) ppusa: perl who is aiq? (11:58 AM) rambler_12: aiq charts alays seem to have an incline (11:59 AM) gravestonedoggie: es only 5 pts off yest hi (11:59 AM) perltrader: AIQ charts, i'm trying them out - alternative to tradesation (12:00 PM) perltrader: since TS requires account with them (12:00 PM) dave_b_quik: nice chart, steve. I posted it in today's folder (12:00 PM) google_2: hmmm, I think it might get there (12:00 PM) ppusa: you know Michael Milken the junk bond guy? he lives in Incline. (I was told as i was fixing a flat tire on my bike in his driveway) (12:00 PM) google_2: wow what happened?? (12:00 PM) Nas Steve: what happenned? (12:00 PM) google_2: news? (12:00 PM) perltrader: what was that? (12:00 PM) Nas Steve: That was sure something (12:00 PM) ppusa: oh come on (12:00 PM) Michaelaf: wow (12:00 PM) ppusa: that was oversold (12:01 PM) ann_87: philly fed report (12:01 PM) Michaelaf: oh (12:01 PM) ppusa: who's your Daddy (12:01 PM) ppusa: 15 and 16 reversed (12:01 PM) Chuck-42: l95 (12:02 PM) gravestonedoggie: 1 min h&s breaks to upside (12:02 PM) gravestonedoggie: nq (12:04 PM) ppusa: that takes care of 3/4 of the short term oversold (12:04 PM) ppusa: some help the Dow is now only down 16 (12:05 PM) 9r: stop @ 91 (12:07 PM) Nas Steve: Selling short at 1592 stop (12:09 PM) Chuck-42: stop 95 (12:13 PM) Chuck-42: :-{ (12:13 PM) Nas Steve: This is going to be a tough trade to add to (12:14 PM) ppusa: support short term 88 (12:14 PM) Michaelaf: great call steve (12:14 PM) Nas Steve: should have sold 95 (12:14 PM) google_2: hit 98 (12:14 PM) Nas Steve: oh well (12:15 PM) Nas Steve: lol (12:15 PM) Nas Steve: it sure did (12:15 PM) Michaelaf: lol (12:15 PM) Michaelaf: steve how long you been in this room? (12:15 PM) 9r: stopped 91 +5 (12:15 PM) Nas Steve: couple weeks (12:16 PM) Nas Steve: few weeks i suppose (12:16 PM) Michaelaf: tried others? (12:16 PM) Nas Steve: some (12:16 PM) Nas Steve: I feel like this is my family in here now (12:16 PM) Nas Steve: adding at 85 stop (12:17 PM) Nas Steve: Don't anyone go getting all choked up now (12:17 PM) google_2: adopt me please :-) (12:17 PM) tomsurf: wiping away the tears (12:17 PM) Michaelaf: and it is free (12:17 PM) gravestonedoggie: hehe (12:17 PM) Michaelaf: how long as this chat been around (12:18 PM) Michaelaf: has (12:19 PM) Michaelaf: anyone know? (12:19 PM) Nas Steve: No idea (12:19 PM) Nas Steve: I might be wiping away tears if this goes up (12:20 PM) Michaelaf: lol (12:20 PM) dave_b_quik: we first opened this room in about june i think (12:20 PM) Walt299-WA: hey Dad....can I get 20.00 for gas money ??? (12:20 PM) ppusa: no (12:20 PM) Nas Steve: sure Walt (12:20 PM) Walt299-WA: lol (12:21 PM) ppusa: and show some respect (12:21 PM) Nas Steve: yeah Walt (12:21 PM) ppusa: if i have to remind you guys again who's your daddy you're gonna hear it big (12:22 PM) Nas Steve: If I find out you are spending your gas money on crack again I will be upset (12:23 PM) 9r: lol steve (12:23 PM) google_2: taking a break until everyone is done with their pot jokes (12:24 PM) Walt299-WA: not me pops ...I be a good boy ..........;) (12:26 PM) perltrader: world's funniest jokes - (12:26 PM) perltrader: http://www.guardian.co.uk/uk_news/story/0,3604,621907,00.html (12:27 PM) Nas Steve: The second one is hilarious (12:28 PM) Nas Steve: Definite add at 86 stop (12:28 PM) perltrader: i liked the 2nd one too (12:28 PM) Nas Steve: 85 (12:31 PM) Nas Steve: 86 (12:36 PM) google_2: interesting (12:36 PM) ppusa: i am looking at the hour chart wondering what the high for this hour will be so i can go short? (12:37 PM) Nas Steve: I am prettyy sure that last rally high won't be taken out (12:38 PM) ppusa: understandable...don't know but i understand (12:39 PM) ppusa: let's see how many down hours (12:39 PM) raz_62: last rally nhigh being? (12:39 PM) raz_62: 03.5? (12:39 PM) Nas Steve: I think so (12:40 PM) raz_62: didnt know if that would be considered a rally (12:41 PM) Nas Steve: It is if you are short (12:42 PM) Nas Steve: still adding (12:44 PM) google_2: short 88 (12:45 PM) Nas Steve: short 112 (12:46 PM) Nas Steve: 92 stops now (12:48 PM) Nas Steve: 88 (12:48 PM) gunner-: just dropped in to wish all my Inet friends a VERY MERRY Christmas and A Happy New Year... :) (anonymously, of course) LOL (12:48 PM) Nas Steve: Well isn't that special (12:48 PM) Nas Steve: likewise pal (12:48 PM) tomsurf: Thanks gunner- You too! (12:48 PM) google_2: same to you gunner (12:49 PM) google_2: steve, should I cover 1 now? (12:49 PM) Michaelaf: nice short Steve (12:49 PM) Nas Steve: nah (12:49 PM) Nas Steve: thanks (12:49 PM) pete77_1: Thanks gunner (12:50 PM) rambler_12: bah --humbug (12:51 PM) dave_b_quik: thanks gunner (12:52 PM) jimmer49: Back after 2 hour cable outage. Hope you all have been having fun. (12:52 PM) jimmer49: Cable situation here has been fubar for 2 weeks (12:53 PM) Nas Steve: As a matter of fact, add again at 82 sell stop (12:53 PM) Nas Steve: last add (12:54 PM) google_2: out 1 +4 (12:55 PM) google_2: too symmetrical for my taste (12:56 PM) Nas Steve: chicken (12:56 PM) Nas Steve: lol (12:56 PM) google_2: yes :-( (12:56 PM) google_2: wish I can be like you (12:57 PM) google_2: just broke my lunch hour fule (12:57 PM) google_2: rule (12:57 PM) tomsurf: googs- what is the lunch hour rule? (12:58 PM) perltrader: don't trade during, i just broke it too, (12:58 PM) perltrader: ? (12:58 PM) google_2: NEVER TRADE @ lunch hour (12:58 PM) tomsurf: Thks ;-) (12:59 PM) Nas Steve: nah, you don't want to be like me (01:00 PM) Nas Steve: I'm not that bright really (01:00 PM) Michaelaf: lol (01:00 PM) google_2: yes you are, look at your head (01:00 PM) google_2: :-) (01:02 PM) Nas Steve: hey! (01:02 PM) Nas Steve: 87 stops now (01:02 PM) google_2: the pattern is telling me close and go long but it's a trend day - don't know what to do (01:03 PM) Nas Steve: sell Mortimer... sell! (01:03 PM) Michaelaf: div on 5 and 1 min charts...rsi macd (01:04 PM) JLK003: Hey Michaelaf, I'm in Rockford area also, small world. (01:04 PM) Michaelaf: really (01:04 PM) google_2: flat +1 (01:04 PM) JLK003: Loves Park (01:04 PM) Michaelaf: been trading long? (01:05 PM) Nas Steve: flat (01:05 PM) JLK003: About 1 yr., mostly ES and t-bonds (01:05 PM) Michaelaf: day trading (01:05 PM) JLK003: Yes (01:05 PM) Walt299-WA: listen to yerself google......right or wrong (01:05 PM) ppusa: long (01:06 PM) ppusa: stop at 86 b/e (01:06 PM) google_2: thanks walt, maybe I should do that (01:06 PM) dave_b_quik: i always listen to myself with a grain of salt (01:06 PM) JLK003: Does anyone use Interactive Brokers, their globex connection has been down for over an hour. (01:07 PM) tomsurf: JLK- it's ok here (01:07 PM) dave_b_quik: IB OK for NQ, problems with ES (01:07 PM) Nas Steve: should have had stops above 88 (01:07 PM) Nas Steve: I HATE when i do that (01:08 PM) google_2: went long 87 (01:08 PM) Nas Steve: Hey, I saved money! (01:08 PM) JLK003: ES not working at all, they say problem is on globex end (01:08 PM) Nas Steve: Like I said, I LOVE when I do that (01:08 PM) Nas Steve: They always say that (01:08 PM) Michaelaf: es stopped trading (01:09 PM) Michaelaf: now works (01:09 PM) JLK003: Not on IB (01:10 PM) google_2: give me a push here :-) (01:11 PM) Nas Steve: I might (01:11 PM) Nas Steve: nah..... (01:12 PM) ppusa: out (01:12 PM) ppusa: too symmetrical (01:12 PM) google_2: looks like inverted gartley (01:12 PM) ppusa: yea it does (01:13 PM) ppusa: 91.5 is bullish if gets thru that (01:13 PM) google_2: out 1 +4 (01:14 PM) ppusa: pp123 here? (01:14 PM) ppusa: i didn't see one yesterday (01:15 PM) ppusa: if this is pp123 should go limit down area for next buy (01:16 PM) ann_87: 15min buy divergence?? (01:16 PM) JLK003: ES on IB working again (01:17 PM) Michaelaf: yes on 15 min (01:17 PM) ppusa: nq has now gone sideways far enough to where it is starting to bump 15 bar ma on 15 minute (01:17 PM) Michaelaf: test (01:18 PM) google_2: flat (01:19 PM) jimmer49: out again for another 20 min (01:19 PM) jimmer49: no trading today for me if this keeps up (01:20 PM) google_2: buy pullback? (01:20 PM) ann_87: good question (01:22 PM) Nas Steve: Selling (01:23 PM) Nas Steve: adding at 82 stop again (01:23 PM) Nas Steve: sheesh... This is boring (01:23 PM) google_2: is this a wedge on nq? (01:24 PM) tony_44_1: jimbo_320....if you can see this please private message me, tia (01:24 PM) Nas Steve: Looks like a 9 iron to me (01:24 PM) perltrader: inside bar on 15 (01:24 PM) google_2: 9 iron?? don't know this pattern (01:24 PM) Nas Steve: wedge, 9 iron, putter, you know (01:24 PM) gravestonedoggie: hehe (01:25 PM) google_2: oh that...:-) (01:25 PM) google_2: thought you boys had some secret codes for patterns (01:25 PM) perltrader: hockey stick? (01:26 PM) Walt299-WA: horse hockey maybe....... (01:26 PM) dave_b_quik: is this an inverted google? (01:26 PM) google_2: polo (01:27 PM) gravestonedoggie: hehe (01:27 PM) zed_20: pete77 u from old Ispec? (01:28 PM) gravestonedoggie: giggle (01:29 PM) Nas Steve: here we go again (01:29 PM) gravestonedoggie: es 1 min gapped (01:29 PM) Michaelaf: yes (01:31 PM) google_2: not yet (01:31 PM) Nas Steve: I will bet there are sell stops building up at 82 (01:31 PM) google_2: more stops have to be taken out (01:31 PM) google_2: you read my mind steve (01:31 PM) Nas Steve: I know there are at least some.. (01:31 PM) Nas Steve: yes... We are one (01:32 PM) Nas Steve: I did a Vulcan Mind melt through the computer (01:32 PM) Michaelaf: lol (01:32 PM) Walt299-WA: Come to the dark side Luuuuuuuke.....talking thru fan .......for the effect (01:32 PM) google_2: you never spare a chance :-) (01:33 PM) jimbo_320: this clunks later, its gonna clunk big (01:34 PM) Michaelaf: clunk? (01:34 PM) Nas Steve: I don't think 1583 is some huge support number or anything (01:34 PM) google_2: with limit @ 74 it should be interesting (01:34 PM) Nas Steve: It just hasen't traded through it yet (01:34 PM) tomsurf: clunk- move down fast (01:34 PM) Michaelaf: ok (01:34 PM) Michaelaf: thx (01:35 PM) google_2: shake the shorts with a spike up (01:35 PM) jimbo_320: now has breached its 10020 trend line (01:35 PM) Nas Steve: hey, I resemble that remark (01:35 PM) brazil-29: Hello everybody ! (01:36 PM) tony_44_1: jim you will have to add me to your buddy list because it won't let me respond to you (01:36 PM) brazil-29: Does anybody here wishes to speak ? (01:36 PM) gravestonedoggie: no, thanks though (01:36 PM) dave_b_quik: sorry brazil, we don't talk (01:36 PM) google_2: long 87 (01:37 PM) brazil-29: ok... thanks (01:38 PM) jimmer49: at 20ema15 (01:39 PM) google_2: counting on the shorts to cover (01:39 PM) tomsurf: jimmer- what is at 20ema? (01:39 PM) Nas Steve: dirty dogs (01:39 PM) ppusa: resis 1600 (01:39 PM) Nas Steve: lost 6 points (01:39 PM) google_2: go go go (01:40 PM) google_2: out 1 +5 (01:40 PM) Nas Steve: Nice trade (01:40 PM) Nas Steve: didn't expect that (01:40 PM) jimmer49: Tom I meaant price was bumping up against 20ema15 from below (01:41 PM) tomsurf: jimmer- ok, thx...got to check mine cause it's not close yet?? (01:41 PM) jimmer49: sorry 20ema5 - my bad (01:42 PM) tomsurf: Oh ok, lol (01:42 PM) jimmer49: all discombobolated from too much down time (01:42 PM) ppusa: 3 legs down hour chart (01:43 PM) ppusa: move to 1600 would look like an inverted google (01:44 PM) gravestonedoggie: giggle (01:44 PM) raz_62: Renaming of a pattern (01:45 PM) gravestonedoggie: buffy used to say that (01:45 PM) gravestonedoggie: where is she? (01:45 PM) ppusa: if nq does a 1-2-3 fakey here, i think a break of 95 should be a buy (01:45 PM) dave_b_quik: buffy probably stepped over to the Ensign room (01:45 PM) gravestonedoggie: htnx (03:02 PM) jedi: Thnks (03:03 PM) TALLMAN123: extensive study shows if it bounces very good chANCE IT WILL COME BACK DOWN AFTER LOCKED LIMIT DOWN--TECNICIIAN STUDIED THIS (03:03 PM) Nas Steve: Now it will go limit up to make me look bad on that one (03:03 PM) gravestonedoggie: ya, often get a bounce, cuz longs have liquidated nearing limit, so supply is wrung out (03:03 PM) TALLMAN123: UNFULFILLED NEED ON DOWN SIDE (03:04 PM) Nas Steve: that's right (03:04 PM) ppusa: usually if it gaps down after limit is off there is a bounce that often as not takes out the limit price and then goes lower. I have only seen it reverse and turn once. (03:06 PM) ppusa: ndx is only 2 points lower ... need more for big gap (03:06 PM) perltrader: doesn't it also depend on what the cash index has done in the interim? (03:06 PM) gravestonedoggie: you can watch cash ndx to see where price may on re-open (03:06 PM) gravestonedoggie: yes, of course, perl; (03:07 PM) ppusa: it really just depends on how oversold market is at the time it reaches limit (03:08 PM) ppusa: wonder how much more is in this thing today and whether it is worth a long shot? (03:08 PM) perltrader: compx looking to go to 1900 (03:08 PM) gravestonedoggie: dow falling ahrd (03:08 PM) google_2: 1560 (03:09 PM) Nas Steve: Don't eat the salmon (03:09 PM) Nas Steve: I hear these commercials in my sleep (03:10 PM) perltrader: what does it mean? (03:10 PM) Nas Steve: Some guy says not to eat the salmon after everyone already did (03:10 PM) perltrader: oh, tv? don't have one... (03:11 PM) gravestonedoggie: got the plunge and then bounce (03:14 PM) perltrader: so, it's like "dont'short the naz?" (03:14 PM) ppusa: gap down often as not bounces to above limit (03:19 PM) Nas Steve: I wish I did't have this tv on all day (03:19 PM) Michaelaf: thanks (03:19 PM) Michaelaf: steve (03:19 PM) Nas Steve: sure (03:20 PM) dave_b_quik: steve, they force you to watch CNBC at yr office? (03:20 PM) gravestonedoggie: hehe (03:21 PM) gravestonedoggie: hat would be a goood punishment for the taliban priosoners (03:21 PM) gravestonedoggie: that (03:21 PM) Nas Steve: I would be willing to buy only if it can take out the highs of the bounce (03:21 PM) Nas Steve: Kind of Dave (03:21 PM) perltrader: 74.50? (03:21 PM) gravestonedoggie: torture technique (03:22 PM) ppusa: which highs? (03:22 PM) perltrader: trin just closed gap on upside (03:23 PM) Nas Steve: some commercials are great (03:23 PM) Nas Steve: the first 100 times you hear them that is (03:23 PM) perltrader: hey, we should have xmas music playing in the background of this room (03:23 PM) Nas Steve: The highs of the first bounce off limit down pp (03:24 PM) raz_62: pink floyd is better (03:24 PM) gravestonedoggie: polka music (03:25 PM) Nas Steve: How about an all Jimmy Buffet room? (03:25 PM) tomsurf: roll out the barrel.... (03:25 PM) perltrader: trin and vix look dangerous - market vol is coming here to day (03:25 PM) perltrader: to tune of santa calus... (03:25 PM) ppusa: bot and out (03:26 PM) dave_b_quik: i'll have to tell the story sometime about when i spent the night at jimmy buffet's house (03:27 PM) tomsurf: dave- cool, you have great stories :-) (03:27 PM) dave_b_quik: sailor stories (03:28 PM) Nas Steve: yikes (03:28 PM) google_2: gartley (03:28 PM) dave_b_quik: google reversal? (03:28 PM) gravestonedoggie: ? (03:28 PM) ppusa: where? (03:28 PM) perltrader: reversal? (03:29 PM) ppusa: that little thing is a gooogle? (03:29 PM) gravestonedoggie: senator gartley? (03:29 PM) perltrader: what tf, goog? (03:29 PM) google_2: yes from low in the morning (03:29 PM) google_2: can you see it (03:29 PM) dave_b_quik: can you post it? (03:29 PM) google_2: sure, wait (03:29 PM) perltrader: should we buy? (03:30 PM) google_2: I'm not trading (03:30 PM) gravestonedoggie: see what? (03:30 PM) google_2: thank god I made some on a trend day (03:30 PM) google_2: gartleys are great on consolidation days (03:30 PM) google_2: but then trend is strong I play chicken (03:30 PM) tomsurf: gsd- Gartley is a pattern that google trades and see's very well (03:30 PM) ppusa: you mean from 1605 down to here? (03:31 PM) gravestonedoggie: ahm thnx (03:31 PM) google_2: example (03:32 PM) google_2: low now is 1567 and the pattern is there (03:32 PM) google_2: if willing to take risk of 4 points since price is 1571 right now then take it (03:32 PM) google_2: if not, then don't (03:32 PM) ppusa: google if you could tell us what time it started and what time it ended, i think everyone could find it? I think i seee one from 1605 to low? (03:33 PM) google_2: from 1582 low @ 11:10am (03:33 PM) google_2: going up to 1605 (03:33 PM) google_2: then a lower hi (03:33 PM) google_2: @1595 (03:34 PM) google_2: looks like the ones I posted last night (03:34 PM) google_2: on 5 min and 15 min. it's clear (03:34 PM) google_2: can you see it? (03:34 PM) ppusa: yes (03:34 PM) ppusa: but the best ones i have noticed have a symmetrical whack at the end (03:35 PM) google_2: it does have a whack lol (03:35 PM) google_2: look at it now (03:35 PM) jedi: so it will move up beyond 1600 as target if a gartley (03:36 PM) google_2: don't know target jedi (03:36 PM) google_2: hve to plot a fib (03:36 PM) google_2: to determine that (03:36 PM) brach: which time frame? (03:36 PM) google_2: look now your risk was covered (03:36 PM) google_2: you risked 4 and got 5 (03:37 PM) google_2: going to post now (03:37 PM) brach: do that 80% of the time and you'll break even (before commissions) (03:37 PM) brach: not quite! (03:37 PM) ppusa: yes i see. You are the expert but if it would just rally and then whack one more time, maybe tomorrow, i would be in love. (03:37 PM) brach: the other 10% of the time will kill you (03:38 PM) dave_b_quik: brach, she only takes the quick profit on 1 and lets the other ride (03:38 PM) ppusa: my PnF's are oversold and i bot q's (03:38 PM) brach: i see (03:38 PM) Nas Steve: selling now (03:39 PM) Nas Steve: 77 stop (03:39 PM) google_2: can always wait for minor higher hi (03:39 PM) google_2: I wouldn't trade it on trend days (03:39 PM) google_2: but on consolidation days it's very reliable (03:39 PM) google_2: it's just me (03:40 PM) Nas Steve: add 69.50 stop if not hit here (03:41 PM) Nas Steve: wow.. this is exciting (03:41 PM) brach: one of you guys must have the long side of my contracts (03:41 PM) perltrader: shrt es (03:42 PM) Nas Steve: brach... are you a systems kind of trader? (03:43 PM) brach: yes - my own system (03:43 PM) Nas Steve: good (03:43 PM) Nas Steve: exclusively? (03:43 PM) brach: you may have heard of it: buy low - sell high (03:43 PM) Nas Steve: I mean you take every single signal no matter what? (03:43 PM) brach: no (03:44 PM) Nas Steve: oh..... wise guy eh? (03:44 PM) Nas Steve: hey Moe! (03:44 PM) brach: i got short NQ based on rising 5-wave wedge (03:45 PM) brach: looking for test of low (03:45 PM) Nas Steve: just added (03:45 PM) Nas Steve: stops close (03:45 PM) hanksterr: brach can u post one of your great charts (03:46 PM) brach: sure (03:46 PM) ppusa: hey google, this looks like the start of another google (03:46 PM) perltrader: tix -865 (03:46 PM) perltrader: trin new hi (03:46 PM) stonedtothebone_1: Any good recommendations>?????? (03:47 PM) raz_62: smoke less pot (03:47 PM) stonedtothebone_1: NEVER (03:47 PM) stonedtothebone_1: lol (03:47 PM) tomsurf: yes, don't take recommendations (03:47 PM) Nas Steve: really (03:47 PM) Nas Steve: true (03:48 PM) Michaelaf: yes make own decisions (03:48 PM) perltrader: still short steve? (03:48 PM) brach: http://www.dacharts_dachart_dacharts_dachart.com/charts/2001-12-20/Brach_Short_5_wave_wedge.jpg (03:48 PM) Nas Steve: yep (03:48 PM) hanksterr: thx brach (03:48 PM) brach: wedges are usually completely retraced (03:49 PM) Nas Steve: 74 and 69.50 (03:49 PM) Nas Steve: Not really looking for a lot though (03:49 PM) Nas Steve: 73 stops (03:49 PM) stonedtothebone_1: Who is short? (03:49 PM) perltrader: me es (03:49 PM) perltrader: tix -100 (03:49 PM) dave_b_quik: nice wedge chart, brach (03:50 PM) brach: Elliott Wave Theory applied (03:50 PM) tomsurf: perl- what is tix? (03:50 PM) perltrader: tick.x (03:50 PM) perltrader: sorry (03:51 PM) tomsurf: NYSE? (03:51 PM) tomsurf: np (03:51 PM) perltrader: yes (03:51 PM) tomsurf: just that your readings and mine are very different (03:51 PM) tomsurf: +10 now (03:52 PM) perltrader: qcharts now has -359 (03:52 PM) gravestonedoggie: my qc shows -29 (03:52 PM) tomsurf: now -30 (03:52 PM) scylnx: was just -32 (dtn) (03:53 PM) gravestonedoggie: expirtion crap shoot at close (03:53 PM) perltrader: qcharts sux sometimes (03:53 PM) tomsurf: gsd- amen ;-) (03:53 PM) brach: hmmm... no consensus (03:53 PM) Nas Steve: I took the crapshot (03:53 PM) Nas Steve: lol (03:53 PM) Michaelaf: my first day here...do you all feel this chat makes you a better trader (03:54 PM) brach: no (03:54 PM) brach: not if you're actually trading (03:54 PM) brach: but it's fun to hear waht others are doing (03:54 PM) Nas Steve: doyou actually trade brach? (03:55 PM) Michaelaf: lol (03:55 PM) Nas Steve: ? (03:56 PM) tomsurf: Michael- alot of good info. and ideas float around this room....good afterhours work done as well. (03:56 PM) raz_62: steve what are the blue bands on your chart (03:56 PM) brach: yes - i have a short now (03:56 PM) Michaelaf: ok thanks (03:56 PM) Nas Steve: Those ar econgestion bands (03:56 PM) Nas Steve: congestion bands (03:56 PM) ppusa: closing time...short covering rally? (03:57 PM) gravestonedoggie: expiration grabage prevails ahere at close (03:57 PM) Nas Steve: and the red bars on the price WERE supposed to be cycle bottoms, but as you see it never took out the highs of that paintbar (03:57 PM) Nas Steve: so that is an accelleration typr of sell (03:58 PM) brach: there's the test of the low i was looking for (04:00 PM) brach: YES... (04:00 PM) google_2: as I've been told, on trend days enter the trade and close your eyes till end of day (04:00 PM) gravestonedoggie: es and nq going in differnet directions on spikes here - that is expiration nonsense (04:02 PM) google_2: see you tomorrow (04:02 PM) Nas Steve: been doing that for a couple days now (04:02 PM) Nas Steve: Bye googs (04:02 PM) Nas Steve: I am running also... have a good evening all (04:02 PM) raz_62: bye (04:02 PM) brach: yes - SP500 and DJ don't concur with NASDAQ (04:03 PM) brach: ... not unusual (04:03 PM) ppusa: yea ... so which one is going to give in? (04:03 PM) Nas Steve: neither (04:04 PM) brach: look at daily for answer (04:04 PM) Owlee123: NAS- what is the red ocillator & the red and white bars in your chart? (04:04 PM) ppusa: i've been looking (04:05 PM) brach: NQ needs more correction to downside - expect a 38% retracement of the rally from the Sept. low (04:06 PM) ppusa: you ever notice that when the corrections come the retracement is a lot more than what is expected. (04:07 PM) brach: yes - this is typical of most resistance/support - always pushes a bit beyond to take out the stops (04:07 PM) ppusa: like your looking for a few lows to go and the next thing you know, it is down to the previouos swing low? (04:07 PM) ppusa: how about a 121% correction? (04:08 PM) brach: could be - but i think we had a 5-wave rally off the Sept. low, so I expect a milder correction. (04:09 PM) ppusa: we'll see. in the meantime thanks for dropping in (04:09 PM) brach: bye, all (04:10 PM) ppusa: bye (04:11 PM) ppusa: charts look oversold. i bet they capture binny overnight (04:13 PM) tomsurf: pp- that would be interesting but I wonder if they are going to get him at all. (04:14 PM) dave_b_quik: somebody will get him, somewhere, sometime, unless he's dead already (04:15 PM) tomsurf: I hope so dave! (04:15 PM) ppusa: yea, whatever. it's just that as bearish as i have been, i can't get excited about this sell off. Guess that's the way they always start. (04:15 PM) dave_b_quik: LOL just ttmar (04:16 PM) ppusa: lol, you are right (04:17 PM) ppusa: was short this am along with buffy and google and it's weird. i know the sell off was going to occur, i've been looking for it and saying so all week, now here it is and i am waffling like a half filled air mattress! (04:19 PM) gravestonedoggie: pp, thought you said oversold and time to buy qqq (04:19 PM) ppusa: i did, i bot (04:20 PM) ppusa: not a lot (04:20 PM) ppusa: but tomorrow i will try to sell them at HOD (04:21 PM) ppusa: you know the routine... HOD is a few points higher i sell them. if the market blasts off, i hold (04:22 PM) ppusa: if gap down, then i will give them to you (04:25 PM) ppusa: Gully, welcome to the room (04:26 PM) ppusa: he left (04:26 PM) dave_b_quik: you scared him away (04:30 PM) ppusa: just saw his name and then gone. like me now. see ya (04:32 PM) raz_62: did that last night (04:32 PM) raz_62: but 3 l's (04:32 PM) raz_62: gullly (04:49 PM) Buffy_04364: so hope you all had a good day (04:49 PM) Buffy_04364: sure was nuts (05:07 PM) Buffy_04364: Government officials say Argentine President Fernando De la Rua has submitted his resignation (05:10 PM) dave_b_quik: Argentina is going down the tubes (again) (05:10 PM) dave_b_quik: a friend there was about to move here, and now she can't bring her money with her (05:12 PM) Buffy_04364: that is sad Dave (05:12 PM) dave_b_quik: they can only withdraw $1,000 (05:13 PM) dave_b_quik: and the gov't will probably make the rest worthless by devaluing the currency (05:15 PM) Buffy_04364: you can never be prepared for that