Wednesday, December 31, 2008


As we spoke of :

We will sell the following positions

with a decent gain : WL GLW DDM All the other positions are up nicely and we will let our profits run and keep a 2% stop on as many are 20% yielders and we would like to get the dividends !

This has been one of the best stockpicking periods of my life as the dividends alone have made the year and the Cap App has just added to amother phenomenal year for TTT.

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No. Ticker Company Price Change% Volume Transaction Date Shares Cost Market Value Gain$ Gain% Change$
1. ZF Zweig Fund Inc. 2.82 2.17% 197,800 Buy 12-02-08 340,000 2.39 958799.98 146199.98 17.99% 20399.98
2. QQQX NASDAQ PREMIUM INCOM 9.20 2.11% 79,200 Buy 12-09-08 20,000 9.11 184000.00 1800.00 0.99% 3799.99
3. TAN Claymore/MAC Global Solar Energy 8.53 6.89% 211,400 Buy 12-09-08 20,000 7.2 170599.99 26599.99 18.47% 10999.99
4. WB Wachovia Corporation 5.73 4.95% 24,594,700 Buy 12-16-08 10,000 5.38 57300.00 3500.00 6.51% 2700.00
5. WL Wilmington Trust Corporation 22.46 -0.04% 886,800 Buy 12-16-08 10,000 22.42 224599.99 399.99 0.18% -100.00
6. GLW Corning Inc. 9.01 3.44% 9,312,600 Buy 12-17-08 10,000 9.04 90100.00 -300.00 -0.33% 3000.00
7. ZTR Zweig Total Return Fund Inc. 3.29 1.23% 326,600 Buy 12-18-08 250,000 3.01 822499.99 69999.99 9.30% 9999.99
8. BPT BP Prudhoe Bay Royalty Trust 71.85 2.16% 202,400 Buy 12-26-08 10,000 67.52 718499.98 43299.98 6.41% 15199.97
9. DDM Ultra Dow30 ProShares 31.18 4.14% 9,992,700 Buy 12-30-08 10,000 30.42 311800.00 7600.00 2.50% 12400.00
Total 9 Stocks 2.27% 3538199.94 299099.94 9.23% 78399.92

Again selling DDM WL and GLW at average prices between now and Noon ...we will be 60% long into 2009 in Main and 100% cash in Traders as we will just Day trade today.

The action is still encouraging but with the huge gains we have made in the past 60 days is time to relax and enjoy ! Looking forward to see how the market handles the first Full week of 2009 !

Thank you !


Investing Made Easy !!!

Tuesday, December 30, 2008


tomthetrader: Good morning
tomthetrader: Nice pop in futures
tomthetrader: looking to FADE
tomthetrader: unless a/d line is 3-1 +
tomthetrader: I have a Dr. appt. and will miss the 1st hour
tomthetrader: will be back by 10:30 am
(8:11 AM) Fulkdaddy: GM Tom
tomthetrader: again : looking to Fade the open gap
tomthetrader: Hi Dave
tomthetrader: If you are going to be here please pass the word
(8:11 AM) Fulkdaddy: Should I hold my short NQ or sell now and reenter?
(8:11 AM) Fulkdaddy: I will
(8:12 AM) Fulkdaddy: If you want me to give a quick audio update with your thoughts, send me an e mail or call me and I will do that. 248-670-9823
(8:16 AM) Fulkdaddy: yes
(8:19 AM) Fulkdaddy: Got it
tomthetrader: Great
tomthetrader: Just sent the e-mail and out the door ...should be a positive 1st hour trailed by some selling
tomthetrader: if it can't even last an hour ..look out ...and add shorts
tomthetrader: IF it can hold and looks healthy add longs
(8:33 AM) bogdan07: gm
tomthetrader: Ho Bog Dan
tomthetrader: How are you ?
(8:34 AM) bogdan07: hi Tom
tomthetrader: Looks like a good full day of trading
tomthetrader: maybe fade the gap up ..or run with some strength
tomthetrader: E-MINI S&P 500 Mar ’09 08:25:07 EST 875.50 5.00 870.25 879.50 869.50
tomthetrader: 880.00 is resistance then 888.00 then 900
(8:44 AM) RetteTen4: Morning
(8:44 AM) berniectx: good morning all
(8:58 AM) RetteTen4: me short...anyone else?..small M pattern on 15min futures
(8:58 AM) thomas_Poland: I am always affraid to short with 200 sma support
(8:59 AM) RetteTen4: true..making my stops tight...
(9:00 AM) RetteTen4: one min looks like H&S and 15 M pattern...dang will be a sweating trade I think
(9:00 AM) DrFunny4Youth: is any one there
(9:01 AM) thomas_Poland: new member?
(9:01 AM) RetteTen4: where is there? lol
(9:01 AM) thomas_Poland: you have really small font again
(9:02 AM) RetteTen4: here we where are colours hmm must be designer colour lol
(9:02 AM) RetteTen4: found it
(9:03 AM) thomas_Poland: maybe better stay with black??
(9:03 AM) DE_TTT: Do you like the long side here, TP?
(9:03 AM) RetteTen4: lol I like orange....laughing
(9:04 AM) thomas_Poland: DE
(9:08 AM) DE_TTT: Does that mean you are you still under a gag order, TP ?
(9:09 AM) thomas_Poland: did not understand DE
(9:09 AM) thomas_Poland: nothing changed .. dumb as always
(9:09 AM) RetteTen4: lol u
(9:09 AM) DE_TTT: Sorry...does that mean don't like long side or just not saying?
(9:12 AM) thomas_Poland: I am not giving my sh...y analysis anymore
(9:12 AM) thomas_Poland: more confusioin than any good
(9:12 AM) thomas_Poland: I just have some comments (more facts about market) from time to time
(9:12 AM) tcb66: aruj - Any thoughts on this bond sell off? buying opp?
(9:13 AM) DE_TTT: OK...fair enough, TP. Sometimes good to turn over a new leaf for the new year.
(9:15 AM) RetteTen4: going on some sites...gee is hard to deal with some people's the end does not matter who is right or wrong...just that money is being made
(9:16 AM) thomas_Poland: Are you saying I have ego?
(9:16 AM) thomas_Poland:
(9:17 AM) RetteTen4: not at far found this place real nice
(9:17 AM) thomas_Poland: great short by the way
(9:17 AM) berniectx: Your short trade looks good for open Ani
(9:17 AM) RetteTen4: was just saying that some of the sites I was on...gee the fighting about who is right or wrong...gets to one in the end...I hate it
(9:18 AM) thomas_Poland: Ani ... here I am always right .. everybody knows that
(9:18 AM) thomas_Poland: right DE?
(9:18 AM) RetteTen4: lol u
(9:18 AM) RetteTen4: so great to see some humour
(9:18 AM) berniectx: Thomas the Gandsk Hammer is always right!!
(9:19 AM) RetteTen4: this short worries me..trying to hold and not close hmmm
(9:19 AM) thomas_Poland: greed
(9:19 AM) thomas_Poland: bernie .. Gdansk
(9:19 AM) berniectx: new I spelled wrong sorry
(9:19 AM) RetteTen4: think is risky
(9:19 AM) aszags: y
(9:19 AM) thomas_Poland: oh my god .. who is that ?
(9:19 AM) thomas_Poland: Tim Knight?
(9:20 AM) Bert_TTT: soft volume, Dave
(9:20 AM) bogdan07: y
(9:20 AM) RetteTen4: closing
(9:20 AM) thomas_Poland: LOL
(9:20 AM) DE_TTT: y
(9:20 AM) ajayvee: sounds good
(9:20 AM) berniectx: morning Dave
(9:20 AM) Bert_TTT: y
(9:20 AM) Fulkdaddy: Audio check in 1 minute for Tom
(9:20 AM) RetteTen4: audio is good
(9:20 AM) thomas_Poland: Dave we have visitor
(9:21 AM) RetteTen4: audio is going on and off
(9:21 AM) berniectx: breaking up Dave
(9:22 AM) Bert_TTT: cutting in and out
(9:22 AM) RetteTen4: now can't hear
(9:22 AM) Bert_TTT: y
(9:24 AM) Bert_TTT: Have them check this am email from Tom
(9:27 AM) RetteTen4: geee
(9:36 AM) berniectx: AD +814
(9:37 AM) JR Roden: Thanx Bernie
(9:38 AM) Fulkdaddy: A/d 2/1 so not 3 to 1 yet
(9:46 AM) RetteTen4: I have3 upside targets and one downside hmmm
(9:46 AM) thomas_Poland: I prefer not to say what my downside target for today is
(9:47 AM) thomas_Poland: hope we will not get there
(9:48 AM) RetteTen4: my downside target is 8 335 dow futures...but that does not mean it will get there today
(9:49 AM) thomas_Poland: be carefull at 10:00 .. news
(9:50 AM) RetteTen4: sorry got booted
(9:51 AM) redliontrader: trin moving up, tick down
(9:52 AM) RetteTen4: I was taught that when a candle makes a double bottom...the tail part of both the candles is the same....either the high or the low....price will always come back to break that high or low....even if it breaks it by one point.....I make a line then when that happens and use it as targets then...
(9:52 AM) RetteTen4: mean candles must be next to each other...gosh hope explained it well.......nice to have a target....just when it will do it...can be a few days though
(9:53 AM) redliontrader: short 1 ym
(9:54 AM) redliontrader: going for Tom's fade
(9:54 AM) JR Roden: Ani - so explain how your candles example applies to the current chart.
(9:54 AM) JR Roden: Please
(9:56 AM) RetteTen4: I am not very good at explaining that well....but will three times on the dow futures candles are next to each making a double top and one double bottom...I will give u the u can see on ur graph....price will break those levels....only problem one does not know when...but when price heads to that direction then u I use it as a target
(9:56 AM) RetteTen4: on dow futures 5 min....candle double top 8 550.....8 523..... 8512
(9:57 AM) RetteTen4: those will break
(9:57 AM) RetteTen4: and double bottom candle at 8 335
(9:57 AM) RetteTen4: hell excuse my typos eeeeeeeeeeek
(9:57 AM) JR Roden: great. thanks
(9:59 AM) Fulkdaddy: A/D only got to 2.4 to 1
(9:59 AM) RetteTen4: does it make sense...I mean did I explain all easy to show it on a times I do that in each time frame...when u see the candles next to each making a double top or bottom lets say on a four hour took 9 days to break that level...
(9:59 AM) Fulkdaddy: Now 2 to 1
(9:59 AM) RetteTen4: that was my longest
(9:59 AM) Fulkdaddy: Worst shopping season since 1970
(9:59 AM) Fulkdaddy: Case Shiller down 18% yoy
(10:00 AM) Fulkdaddy: Consumer confidence way below estimates at 38 vs. 44.7 in November...lets see how the market reacts to the news
(10:00 AM) Fulkdaddy: Good time to short IMHO
(10:01 AM) Fulkdaddy: Short NQ
(10:01 AM) redliontrader: tom's fade is working perfect
(10:01 AM) Fulkdaddy: Yes, he called it again
(10:01 AM) RetteTen4: can u explain to me what u mean by a "fade" pls
(10:02 AM) Fulkdaddy: Go opposite the gap, Rette
(10:02 AM) Fulkdaddy: Gap up so to fade it is to short
(10:02 AM) RetteTen4: ok thanx....
(10:02 AM) RetteTen4: learning the way u speak lol ty
(10:03 AM) Fulkdaddy: Initially, the market is handling the news quite well!
(10:04 AM) JR Roden: Yeah, that's a big bounce back up.
(10:05 AM) berniectx: horrible eco data hard to play
(10:06 AM) redliontrader: add 1 ym short
(10:11 AM) redliontrader: NAZ strong, dow lagging
(10:11 AM) RetteTen4: don't know if I should close....cos M pattern normally goes back up to the neck
(10:11 AM) thomas_Poland: NQ and TF still above close prices from yesterday
(10:12 AM) RetteTen4: oh ok thanx redlion
(10:12 AM) thomas_Poland: ES above yesterday highs
(10:12 AM) redliontrader: TP Lower from here I think?
(10:12 AM) thomas_Poland: the only one
(10:12 AM) thomas_Poland: as you wish
(10:13 AM) RetteTen4: one of my downfalls...always close too quick lol
(10:14 AM) redliontrader: maybe not ani, I am about to be stopped out on my YM's
(10:14 AM) redliontrader: BE YM
(10:14 AM) RV_trader: Consumer COnfidence 38vs45 anbd market not dropping this was a record low
(10:16 AM) redliontrader: TP, you were suppose to make it go lower
(10:16 AM) thomas_Poland:
(10:16 AM) RetteTen4: knowing this will go up to the neck...but not easy to trade..hmmm dang
(10:16 AM) RetteTen4: don't always have the nerve lol
(10:17 AM) redliontrader: oil dropping, 38.59
(10:17 AM) JR Roden: Oil dropping is typically negative for the market lately ... correct/
(10:17 AM) TraderTim: A/D: +983
(10:18 AM) RetteTen4: is not positive then?
(10:18 AM) RetteTen4: yikes not too sure
(10:20 AM) Fulkdaddy: Oil dropping has been negative
(10:22 AM) JR Roden: SPY bounced right off it's 13EMA on 5 min chart ... a very common spot for a bounce.
(10:22 AM) RetteTen4: thanx...
(10:22 AM) JR Roden: Red - you still short?
(10:22 AM) redliontrader: out YM at BE
(10:23 AM) JR Roden: good work
(10:23 AM) redliontrader: learning to stay true to those stops
(10:23 AM) RetteTen4: I did not take a quick long....wanted to..seemed too risky
(10:23 AM) JR Roden: I need to get better at honoring those stops.
(10:23 AM) TraderTim: A/D: +1178
(10:25 AM) RetteTen4: I got burnt a few times trading M pattern...made nice points on the drop and next thing it jumps right back up to the neck again and my points are gone....was ouch
(10:26 AM) thomas_Poland: only TF did not make new high
(10:28 AM) RetteTen4: broke first target of 8 523
(10:28 AM) thomas_Poland: Ani where is this candle theory from?
(10:29 AM) thomas_Poland: any book or just from experience?
(10:29 AM) Fulkdaddy: Almost 3 to 1 A/D
(10:29 AM) RetteTen4: thomas I will email it to works so well...I paid for a course and was taught this
(10:29 AM) thomas_Poland:
(10:29 AM) RetteTen4: I don't have a book though..just that theory
(10:30 AM) thomas_Poland: ok .. thanks
(10:30 AM) JR Roden: Ani - please email it to me as well.
(10:30 AM) RetteTen4: I will email Thomas and he can pass on
(10:30 AM) thomas_Poland: you paid for the course .. please e-mail course info also
(10:30 AM) thomas_Poland: I like to learn new stuff
(10:30 AM) RetteTen4: is nice to know what price will break....just when it will do ...don't know
(10:30 AM) thomas_Poland: and watch if I can use it
(10:31 AM) thomas_Poland: I love timing
(10:31 AM) thomas_Poland: I work on time more than on price
(10:31 AM) RetteTen4: has helped me when I am in a wrong trade....then I leave the trade
(10:31 AM) RetteTen4: I have just started learning about much I must still learn
(10:31 AM) TraderTim: FULK: Did you see that GMAC (now being a bank) can now make auto loans to people with only 620 FICO scores versus the way they used to with 700 (with money from taxpayers)? Isn't making subprime loans what got us in the trouble in the first place????
(10:32 AM) RetteTen4: almost second target breaking
(10:32 AM) RetteTen4: and I did not go long...dang
(10:33 AM) RetteTen4: I don't know what I am allowed to say here or not
(10:33 AM) RetteTen4: but I just watched a video on seasonality...was real interesting
tomthetrader: 3-1 Positive A/D
tomthetrader: welcome back
tomthetrader: this is what we were looking for to confirm up move
(10:34 AM) RetteTen4: welcome back Tom
tomthetrader: we have a hour in
tomthetrader: Thank you
tomthetrader: 880 resistance
tomthetrader: but with the strength it may not hold
tomthetrader: I hate Dr.s
tomthetrader: Oh well
(10:35 AM) RetteTen4: I don't mind long as I don't date them LOL
tomthetrader: shorting ES at 880.00 ....yes Dr.'s are notorious ?
tomthetrader: Only marry Dr.'s don't date them ?
tomthetrader: Thomas ?
(10:36 AM) RetteTen4: hell no ways
tomthetrader: Oil dropping
(10:36 AM) RetteTen4: would never marry a doc lol
tomthetrader: should we short here in spite of a/d line ?
tomthetrader: or go with the strength
(10:37 AM) TTTMichael: yes
(10:37 AM) RetteTen4: yes it was ty
(10:38 AM) JR Roden: So did you go short on ES?
(10:39 AM) thomas_Poland: 15 min chart on 200 sma
(10:40 AM) thomas_Poland: we are in dangerous position momentum wise
(10:40 AM) thomas_Poland: 5 min overbought . .15 min overbought
(10:41 AM) TraderTim: A/D: +1290
tomthetrader: sitting right on this 880
(10:51 AM) TraderTim: y
(10:51 AM) Fulkdaddy: y
(10:51 AM) berniectx: y
(10:51 AM) vishal8: y
(10:51 AM) pupster1: y
(10:51 AM) bloomert: y
(10:51 AM) rekon8: y
(10:51 AM) TTTMichael: yes
(10:51 AM) jbljudy: y
(10:51 AM) csu30: y
(10:52 AM) JR Roden: Is TTT doing an audio?
(10:52 AM) JR Roden: I'm not hearing anything.
(10:53 AM) TraderTim: JR Push to Talk
(10:53 AM) Fulkdaddy: JR, press push to talk
tomthetrader: press push to talk if no audio
(10:54 AM) JR Roden: I have push to talk checked on my settings
(10:55 AM) TraderTim: A/D: +1235
(10:56 AM) bogdan07: "connection to voice server time out"
tomthetrader: will try to alleviate the voice problems
tomthetrader: 880.00 resistance
(10:59 AM) TTTMichael: y
(10:59 AM) Fulkdaddy: y
(10:59 AM) csu30: y
(10:59 AM) berniectx: y
(10:59 AM) jbljudy: y
(10:59 AM) TraderTim: y
(10:59 AM) RetteTen4: good
(10:59 AM) rekon8: y
(11:00 AM) JR Roden: Right back to 13 EMA on 5 min SPY ... which is very often support.
(11:01 AM) TraderTim: A/D: +1144
(11:05 AM) berniectx: I am short and underwater want to close out
(11:05 AM) RetteTen4: thanx Tom..but me still a baby in trading
(11:06 AM) RetteTen4: am also in cash...not sure which way to go now...waiting
tomthetrader: GS acting well after a rocky fews days
(11:11 AM) berniectx: out of my short cash now
tomthetrader: OK
tomthetrader: Thanks Bern
(11:17 AM) TraderTim: A/D: +1128
tomthetrader: just small drop
tomthetrader: still OK
tomthetrader: No panic either way
(11:20 AM) TTTMichael: Doing a few buy writes now.
(11:21 AM) ctmhou: A/D line: 2046-873
(11:24 AM) bogdan07: is gold acting ok ?
(11:25 AM) bogdan07: i am short on gold
(11:26 AM) TTTMichael: Instead of short gold I am long UDN.
tomthetrader: good
tomthetrader: nice play michael
tomthetrader: 5000 shares of DDM
(11:28 AM) bogdan07: 30.46
tomthetrader: here at 11:28
tomthetrader: 30.46
tomthetrader: OK
(11:32 AM) redliontrader: long sso & ym
(11:32 AM) ctmhou: One day..............
(11:32 AM) ctmhou: No.
(11:39 AM) RetteTen4: does that look like inverse H&S on 5min
(11:49 AM) thomas_Poland: 890 Spx can be a top?
(11:50 AM) RetteTen4: was thinking of doing a quick short
(11:53 AM) RetteTen4: nice call Tom ty
(11:55 AM) berniectx: have to go be careful today
(11:56 AM) RetteTen4: u mean everyday as
(11:57 AM) RetteTen4: Market about the only thing that makes one so humble rather fast...well does me lol
(12:02 PM) RetteTen4: Gee reading u email nice call
(12:17 PM) JR Roden: Back down to the 13 EMA on teh 5 min spy ... it's been support all day long
tomthetrader: Thanks ..don't get my members saying anything positive !
tomthetrader: they don't like me !
(12:21 PM) JR Roden: We like Thomas ... it's the pink clothes
(12:21 PM) RetteTen4: lol u Tom...they busy making money
(12:21 PM) ctmhou: Tom, we like you...............I think.
(12:22 PM) RetteTen4: I read ur profile Tom ..on ur blog..I see ur a Rooster....nice people in that year
(12:23 PM) redliontrader: A rooster! That brings a couple of jokes to mind
(12:24 PM) RetteTen4: lol...I am born in the Dragon year......laughing..hope u don't have jokes for Dragons
(12:25 PM) vishal8: My fav quote of 2008 "“It’s not based on any particular data point, we just wanted to choose a really large number.” — a Treasury Department spokeswoman explaining how the $700 billion number was chosen for the initial bailout, quoted on Sept. 23."
(12:25 PM) vishal8: Hank Paulson "Its contained" is a close second
(12:26 PM) ctmhou: This will be spending gone wild soon.
(12:26 PM) RetteTen4: wish I had a banker like that.....not using any data point...and just quoting me a large number...I could live with that..yeah I could...really....LOL
(12:26 PM) ctmhou: LOL
(12:26 PM) vishal8: lmao
(12:26 PM) RetteTen4: lol
(12:30 PM) redliontrader: tim, what is your ad ratio?
(12:36 PM) vishal8: nyse AD showing 1364
(12:36 PM) vishal8: +1364
(12:36 PM) vishal8: Nasdaq AD +590
(12:36 PM) redliontrader: thxs vishal
(12:39 PM) Fulkdaddy: Short here Tom?
(12:41 PM) vishal8: nyse AD +1256
(12:42 PM) RetteTen4: I use my 15 ema to enter a trade...not much diff to 13 ema though...I wait for the price to cross the ema...candle must close below the 15 ema to short
tomthetrader: Sticking long Dave
tomthetrader: still going for a big end of year with a BAIL on a drop ...stops in
tomthetrader: we are doing well ...very bullish action
tomthetrader: stay long your DDM SSP UWM
tomthetrader: SSO
tomthetrader: Not SSP
(12:48 PM) thefish102: aapl?
tomthetrader: power play
tomthetrader: should run hard if market rallies target 100 easy
(12:48 PM) thefish102: that's gonna drag things down
tomthetrader: bad news ?
tomthetrader: let's look
tomthetrader: 80-100 ?
(12:50 PM) thomas_Poland: I think we still did not see HOD for today
tomthetrader: AAPL plummets is right ....Thanks Bob
tomthetrader: : 85.76 0.85 (0.98%)
(12:52 PM) RetteTen4: waiting to re-enter
(12:53 PM) thefish102: can't find any news.................yet
tomthetrader: you are looking good ...reenter at 880
(12:53 PM) RetteTen4: thanx
tomthetrader: I am going to stick with DDM in the Traders and Main
(12:54 PM) RetteTen4: don't laugh at me...I get worried at the high....mostly it retests the high and bites me in da butt then.....prefer it to break the high.....heck am not sure
(12:59 PM) thomas_Poland: we should see 888 in ES today
(1:01 PM) Fulkdaddy: APPL: AAPL's stock is taking a hit again on Steve Jobs' health rumors once again. This time they're on the web-site Gizmodo suggesting that his health is the reason for the company backing out of MacWorld. Obviously, I can't speak to his health but AAPL's not backing out of MacWorld 'til 2010, so the logic is a bit twisted. Again, just another rumor hitting the mill.
(1:01 PM) Fulkdaddy: Rev on the site of the AAPL rumor:
(1:03 PM) RetteTen4: looking at ES graph..should come back to break 873.52....cos of that candle..maybe good place to re-enter a waiting
(1:05 PM) thomas_Poland: Ani did you send me email?
(1:07 PM) RetteTen4: nope sorry....sent one to Tom...but I did not explain it well...let me redo it later when market is closed...but there is not much to it....all u look for is for two candles next to each that either make a double top or bottom....does not matter where the candles are...u just look at two candles next to each other...
(1:08 PM) thomas_Poland: What was the course ?
(1:08 PM) thefish102: Fulk, thanks for the aapl news (that is an old rumor, surprised it had this kind of effect)
tomthetrader: Yes Thank you ...Got the same news
tomthetrader: Market hanging tough
(1:10 PM) Fulkdaddy: Are you going to cover your Main fund longs on Friday?
tomthetrader: It depends on how overstretched we are Dave ....Right now 90% long Main and 70 % Traders
tomthetrader: We should take advantage of any rally to sell with the market getting over bought short term
tomthetrader: but our stops should do OK aand we may take profits on the DDM if we hit 200 Up
tomthetrader: may establish a new position in ES at 880.00 cash
tomthetrader: right here for a day trade
tomthetrader: A/D holding up ?
(1:14 PM) vishal8: nyse AD +1288
tomthetrader: Added 2 long ES at 880.00
tomthetrader: 4 point stop back or .5% trailing
tomthetrader: AAPL coming back
tomthetrader: from rumors
tomthetrader: NYSE acting poor ....and volume very low
tomthetrader: waiting on the waiters ?
tomthetrader: 880.00 adding 2 more units long
tomthetrader: so we will have 4 long ES from 880.00 cash
tomthetrader: stop Hard on 876.00 ...will take off manually hear by voice and written
tomthetrader: if we decide to hold through tomorrows close
tomthetrader: EVERYONE OK ?
tomthetrader: Let me know if you have any questions
(1:38 PM) JR Roden: Hourly chart rolling over. MACD and Stochastic ready to cross to the downside ... be careful w/longs
(1:39 PM) thomas_Poland: JR 15 min chart 200 sma on 875
(1:39 PM) thomas_Poland: big support
(1:39 PM) thomas_Poland: but momentum is bearish
(1:39 PM) JR Roden: Great call. Thanks TP.
tomthetrader: don't be afraid to get long
(1:46 PM) redliontrader: out my QID's going long 2 ym
(1:47 PM) TraderTim: A/D: +1200
(1:48 PM) thomas_Poland: doesn't this move down look like corrective move?
(1:49 PM) TraderTim: TP: Notice your 15min 200 on ES. Right there now.
(1:50 PM) TraderTim: TP: drawn with a crayon of course nice support this time
(1:52 PM) RetteTen4: think paltalk froze for me....did what I say come out on here?
(1:55 PM) vishal8: its 1:56 pm EST, whats supposed to happen now ?
(1:57 PM) TraderTim: A/D: +1237
tomthetrader: 1:56pm is Hedge fund hour then smart money at 3;00pm so let's play this one out
tomthetrader: hard stop for now at 876.00 we may take that off and trade manually if we think we can add a few more at 870.00 -874
tomthetrader: in other words ...keep a close eye on the markets especially A/D
(2:01 PM) TraderTim: A/D: +1171
tomthetrader: 2119-971
tomthetrader: 2.4-1
tomthetrader: High noon on Dow looks like the HOD to most and then they left it hanging ?
(2:02 PM) TraderTim: A/D: +1120
tomthetrader: 8 hour chart has interesting pattern
tomthetrader: Hedge fund selling ..a few big blocks
tomthetrader: TOL shorted at 20.14 .....anyone want to short TOL a hot tip
(2:06 PM) redliontrader: tol = toll bros? How long?
(2:16 PM) JR Roden: TTT - I haven't heard your voice for awhile. Are there still audio problems?
(2:16 PM) Fulkdaddy: y
(2:17 PM) bogdan07: ok
(2:17 PM) TraderTim: good
(2:17 PM) vishal8: y
(2:17 PM) aszags: ok
(2:17 PM) redliontrader: y
(2:17 PM) JR Roden: Nothing.
tomthetrader: JR ...log out and log back in
(2:17 PM) JR Roden: Will do
(2:18 PM) JR Roden: I hear ya !
(2:19 PM) JR Roden: So how long are you expecting to hold the TOL trade?
(2:20 PM) Fulkdaddy: Buying Puts?
(2:23 PM) redliontrader: oil holding tight 39.35
tomthetrader: Thank you yes ...OIL a HUGE positive
tomthetrader: 2:30pm close a few pennies up and we are OK
tomthetrader: OXY has had a great 2 days
tomthetrader: Gold did as we said
(2:27 PM) thomas_Poland: Tim did you like 200 sma support on 15 min chart?
(2:28 PM) JJBabySweetHeartJJ: hi all
tomthetrader: Yes Thomas
(2:28 PM) thomas_Poland: TF is lagging
(2:28 PM) JJBabySweetHeartJJ: can you all believe it?
tomthetrader: Just for that you get JJBaby
(2:29 PM) thomas_Poland: no we can't
(2:29 PM) JJBabySweetHeartJJ: George W. Bush bought large stake in Genworth (GNW)
(2:29 PM) thomas_Poland: oh my god .. call FBI
tomthetrader: 880.50 stop 4 ES
(2:29 PM) tomthetrader: tomthetrader has bounced JJBabySweetHeartJJ from the chat room
tomthetrader: Sorry thomas your baby is gone
(2:30 PM) thomas_Poland:
(2:31 PM) pupster1: short GNW if GW bought it....right...LOL
(2:32 PM) bogdan07: shorted sds
(2:33 PM) thomas_Poland: as I said before we should have another HOD
(2:33 PM) JR Roden: I sold SPY puts off of 880, so that is going well.
(2:34 PM) redliontrader: charts look strong/long trin, vix and tick all doing the right things
(2:34 PM) redliontrader: sold 1/3 of YM at 8577
tomthetrader: 882.50 stop on 4 ES
(2:36 PM) thomas_Poland: most indicators from Jason are becoming overbought
tomthetrader: Yes ..I think we still have 100-150 points Dow left
(2:37 PM) thomas_Poland: yes .. my forecast was 890 Spx 888 ES
(2:37 PM) thomas_Poland: hopefully we will see it
tomthetrader: Thanks
tomthetrader: stopped 882.50 on 4
tomthetrader: 8604 YM long 4
tomthetrader: 8656 target
tomthetrader: $500 profit for a good hour or so ?
tomthetrader: and now we will stop 4 YM at 8575
tomthetrader: 474.50 2 long TF
tomthetrader: via RUT cash
tomthetrader: 6 futures long plus 5000 DDM
tomthetrader: In traders
(2:42 PM) TraderTim: gotcha
(2:42 PM) Nick_H_SanDiego: Did you just get stopped out of YM?
(2:44 PM) redliontrader: added a back 1 ym @ 8553 (non cash)
tomthetrader: No
tomthetrader: stop was 8575 cash
(2:45 PM) Nick_H_SanDiego: ah
(2:46 PM) Nick_H_SanDiego: so can you explain theoretically what does it mean when the futures > cash or futures < do we interpret the negative or positive divergence between future and cash?
(2:56 PM) redliontrader: Yes, I would like to know the answer to nicks question too. And what is the overnight fair value about?
(3:01 PM) thomas_Poland: there is no overnight fairvalue
(3:01 PM) thomas_Poland: or it does not matter at all
(3:01 PM) thomas_Poland: you need cash and futures to have fairvalue
(3:03 PM) Nick_H_SanDiego: Tom you're expecting a rally into the close?
(3:03 PM) redliontrader: yes, there is always a fair value, but is that the theoretical differece between the cash market and the contract price?
(3:04 PM) thomas_Poland: FV = S [1 + (I - D)]
(3:04 PM) thomas_Poland: this is fair value
(3:05 PM) thomas_Poland: and S is Spx
(3:05 PM) thomas_Poland: so you can't have fair value at nigh
(3:05 PM) thomas_Poland: night
(3:05 PM) Nick_H_SanDiego: So the future is always higher than cash by the amount of time premium left in the future contract (like options)
(3:05 PM) thomas_Poland: no
(3:05 PM) thomas_Poland: like now futures are below cash
(3:06 PM) Nick_H_SanDiego: CNBC does broadcast fair value at nite...I think they use the afterhours action in the 500 stocks and calc fair value
(3:06 PM) thomas_Poland: don't even look at CNBC fair value
(3:06 PM) Nick_H_SanDiego: Ok so futures < cash is the expectation that the index will be lower in the future
(3:06 PM) Nick_H_SanDiego: is that correct?
(3:06 PM) Nick_H_SanDiego: that is bearish, right?
(3:06 PM) thomas_Poland: fair value is the value of S&P 500 Index, plus the interest I pay my broker to buy all of the stocks in it, minus all of the dividend checks I get from those stocks.
(3:06 PM) thomas_Poland: No nick
(3:07 PM) redliontrader: y, but now there is a 41 point diff between YM and DOW, does that theoritically track the formula you sent TP?
(3:07 PM) thomas_Poland: it is not bearish ... of course in my opinion
(3:07 PM) Nick_H_SanDiego: yes and I think at nite the manually calculate the SP500 index from the 500 underlying stocks
(3:07 PM) thomas_Poland: it should
(3:07 PM) thomas_Poland: it depends what you put in those letters right?
(3:07 PM) redliontrader: K, now I understand a little more
(3:07 PM) thomas_Poland: the night fair value is sh...
(3:08 PM) thomas_Poland: and if you want you can look at it
(3:08 PM) thomas_Poland: but it is sh..
(3:08 PM) Nick_H_SanDiego: Red, I've reasearched that issue of the fair value at nite that the broadcast on CNBC...let me send you a explains it pretty well
(3:08 PM) Nick_H_SanDiego: So Thomas the fact that the YM is 41 under DJIA cash right now does not really mean anything other than the dividends?
(3:09 PM) redliontrader: and current interest rate
(3:09 PM) thomas_Poland: and interest?
(3:09 PM) thomas_Poland: yes
(3:09 PM) thomas_Poland:
(3:09 PM) Nick_H_SanDiego: so that gap should close as we get closer to march and on expiration day they should be equal, right?
(3:10 PM) thomas_Poland: on expiration they should be equal
(3:10 PM) thomas_Poland: no interest
(3:10 PM) thomas_Poland: no dividend
(3:10 PM) Nick_H_SanDiego: Ok YM is back to 200sma on 5 min chart
(3:10 PM) TraderTim: Nick: I assume you are using 24 hour chart
(3:11 PM) Nick_H_SanDiego: yes
(3:11 PM) thomas_Poland: Nick use day session
(3:11 PM) Nick_H_SanDiego: 24 hr chart on the march contract only (no continuous)
(3:11 PM) TraderTim: yep on day session only it is not near 200 yet
(3:12 PM) RetteTen4: looks like M pattern again
(3:12 PM) thomas_Poland: I use 24 hour session only at globex
(3:12 PM) TraderTim: I do same as TP
(3:13 PM) thomas_Poland: and it works
(3:13 PM) thomas_Poland: I mean 200 sma
(3:13 PM) thomas_Poland: and sometimes it works also on day session but I would use 200 sma only from day session dat
(3:13 PM) thomas_Poland: data
(3:13 PM) Nick_H_SanDiego: ok thx Thomas
(3:13 PM) thomas_Poland: Tim when does TF close?
(3:13 PM) Nick_H_SanDiego: TF has same hours now as ES and YM
(3:14 PM) RetteTen4: 873.51 my target then 880.74...hope works out....
(3:14 PM) Nick_H_SanDiego: No...wait I'm wrong on that..
(3:14 PM) thomas_Poland: I think you wrong Nick
(3:14 PM) thomas_Poland: my charts look strange for TF
(3:14 PM) thomas_Poland: so it has to be different
(3:14 PM) Nick_H_SanDiego: I reasearched this a couple of weeks ago and posted it here in the group...forgot the result!
(3:15 PM) thomas_Poland: Nick how does this move down from 12:05 look like?? corrective or impulse?
(3:15 PM) RetteTen4: what did u research Nick?
(3:15 PM) Nick_H_SanDiego: Red, here is the link for Fair Value explanation
(3:16 PM) Nick_H_SanDiego:
(3:16 PM) Nick_H_SanDiego: I researched the trading hours of TF on the ICE exchange
tomthetrader: What is it ?
tomthetrader: I have been having problems with TF
(3:16 PM) TraderTim: Tom just verifed that TF closes at 4:15 and then 2 hours off
(3:16 PM) RetteTen4: Nick what does mean
tomthetrader: OK that is what I just told TIM
(3:17 PM) TraderTim: yep
(3:17 PM) RetteTen4: what does TF stand for...sorry for questions
(3:17 PM) TraderTim: Russell 2000 mini futures
(3:17 PM) Nick_H_SanDiego: TF is the future for the Rusell2000 index
(3:18 PM) RetteTen4: oh ok thanx
(3:18 PM) Nick_H_SanDiego: mini Russell = TF
(3:18 PM) RetteTen4: never looked at the Russell
tomthetrader: Ani should look into it
(3:18 PM) RetteTen4: Tom explain why
tomthetrader: It used to be ER2 until ICE bought it out
tomthetrader: Now TF and gives you High beta at $100 per point
tomthetrader: very volatile but easy to trade ...we started buying at 375 and shot up to near 500
(3:19 PM) RetteTen4: hmm u saying u make more money with the TF?
(3:19 PM) Nick_H_SanDiego: TF trades from 8pm new york time, until 6pm new york time next day (2 hours off). Settlement is at 4:15pm ny time
tomthetrader: Thank you
(3:19 PM) RetteTen4: gee thanx for info
(3:20 PM) thomas_Poland: I have some data between 4:15 and 6
(3:20 PM) thomas_Poland: on my charts
(3:20 PM) Nick_H_SanDiego: Ani, just be careful with TF it is very volatile...Tom calls it the widow maker
tomthetrader: TF is a great play if you think we are entering a longer term Bear rally or new bull market
(3:20 PM) thomas_Poland: for TF
(3:20 PM) RetteTen4: ok...I will just open the chart and watch it a while
(3:20 PM) Nick_H_SanDiego: Yes Thomas, TF trades until 6pm ny time
(3:20 PM) Nick_H_SanDiego: then closes for 2 hrs
(3:20 PM) thomas_Poland: ok
(3:20 PM) Nick_H_SanDiego: then opens again at 8pm
(3:20 PM) thomas_Poland: thanks
(3:21 PM) Nick_H_SanDiego: the 4:15 is just the settlement time
(3:21 PM) TraderTim: thx NICK
(3:21 PM) thomas_Poland: strangge because almost no action after 4:15
(3:21 PM) thomas_Poland: they should make it the same as ES
(3:21 PM) Nick_H_SanDiego: I agree
(3:21 PM) RetteTen4: just looked at what is on my broker list...can't trade it
(3:21 PM) thomas_Poland: and Nick .. indexarb is academic
(3:21 PM) Nick_H_SanDiego: At least the YM and ES have synched their times
(3:21 PM) Nick_H_SanDiego: they used to be different, too
(3:21 PM) redliontrader: ad line is still improving
tomthetrader: Closing Trade od 2000 shares AAPL at 85.81
(3:21 PM) TraderTim: A/D: +1526
tomthetrader: will sell at 6:00pm
(3:22 PM) redliontrader: csu30 has the mic, are they saying anything?
(3:22 PM) RetteTen4: I have ASX SPI 200...cac..dax dj euro stoxx 50 ftse hang seng nasdaq nikkei 225 S&P....singapore mcsi and dow
(3:23 PM) Nick_H_SanDiego: Ani you may not have access to that future from South Africa. Ask your broker about it. It is traded on TheICE exchange.
(3:23 PM) RetteTen4: ok and a few US commodities like coffee soya etc....and currencies...maybe a good thing lol
(3:24 PM) RetteTen4: think will just stick to the Index of YM and ES etc for now....worried to trade too many
(3:24 PM) thomas_Poland: TF just made HOD
(3:24 PM) thomas_Poland: when other correct?
(3:24 PM) TraderTim: suddenly TF is leading the way out
(3:24 PM) RetteTen4: just excuse my questions...hell I sound so ignorant when u talk about US
(3:25 PM) thomas_Poland: NQ just at support from yesterday's high
(3:25 PM) thomas_Poland: yes Tim
(3:26 PM) thomas_Poland:
(3:26 PM) thomas_Poland: agree
tomthetrader: TF 2 long and loving it
(3:26 PM) RetteTen4: csu u talking? I can't hear anything
(3:26 PM) thomas_Poland: TF is the only one which does not trade above yesterday's high
tomthetrader: stop at B.E.
(3:26 PM) thomas_Poland: resistatnace 475.7 TF
(3:26 PM) Nick_H_SanDiego: Thomas that IndexArb site is pretty cool. It shows you real-time graphs of where mispricing will occur between the index and future and where to expect index arb programs to kick-in. They update the charts daily.
(3:26 PM) TraderTim: Go TF
(3:27 PM) RetteTen4: they goes my profit grrr
(3:27 PM) thomas_Poland: Nick it is not cool
(3:27 PM) thomas_Poland: it is academic
(3:27 PM) thomas_Poland: but good for learning ?
(3:28 PM) Nick_H_SanDiego: Well the chart is good...for example on the YM, today the exact midpoint is that the YM should be -49 from the Dow cash index.
(3:28 PM) thomas_Poland: Nick does your IM work?
(3:28 PM) Nick_H_SanDiego: if it hits -71.2, you can expect sell programs on the Dow, which weirdly causes the Future to go up
(3:28 PM) thomas_Poland: Tom any imbalances today?
(3:28 PM) Nick_H_SanDiego: yes it should
(3:29 PM) TTTMichael: I think tomorrow is normal hours.
(3:29 PM) thomas_Poland: when I try to IM you it says you accept only something ..
(3:29 PM) Nick_H_SanDiego: Thomas try it again
(3:29 PM) ajayvee: full day tomorrow
(3:29 PM) thomas_Poland: Nick I have to be on pal list?
(3:29 PM) TTTMichael: order imbalances??
(3:29 PM) Nick_H_SanDiego: TP I added you
(3:30 PM) Nick_H_SanDiego: Nice rally in the YM
(3:31 PM) TraderTim: dzk
(3:31 PM) TraderTim: edc
(3:31 PM) TraderTim: edc is emerging
(3:32 PM) TraderTim: dzk is developed
(3:32 PM) ajayvee: CBOE interest rate options and CME interest rates and currencies close at 1PM ET 2morow
(3:33 PM) RetteTen4: I can only trade till 1pm ur broker closes then...our market is half day
(3:34 PM) RetteTen4: LOL
(3:34 PM) RetteTen4: US accents are rather cute
(3:34 PM) DE_TTT: Great work, Tom. I'm out for the day but will talk to you tomorrow. We need to talk "Tech Takeouts for 2009" soon. Ciao!
tomthetrader: Thanks Buddy
tomthetrader: I am extremely PLEASED
(3:41 PM) thomas_Poland: TF great trade Tom ..
tomthetrader: Thank you Thomas
tomthetrader: I truly appreciate it
(3:42 PM) redliontrader: AD at HOD
tomthetrader: YES
tomthetrader: Turn it up
(3:42 PM) thomas_Poland: and now I have to mute this window
tomthetrader: OK..Phil Collins next !
tomthetrader: Money Money Money
(3:43 PM) thomas_Poland: no .. I like the song
(3:43 PM) RetteTen4: yesssssssssss like Phil
(3:43 PM) TraderTim: A/D: +1729
(3:43 PM) TTTMichael: A/D 2443 - 724
tomthetrader: great trades
(3:43 PM) thomas_Poland: but can't hear it now
(3:43 PM) TraderTim: sweet!
tomthetrader: YES
tomthetrader: YES YES
tomthetrader: stop TF .50 back NOW
tomthetrader: NOW
tomthetrader: AAPL stop .25 back
tomthetrader: AAPL stop .25 back
(3:44 PM) TraderTim: TFH9 477
tomthetrader: Cash RUT soaring
tomthetrader: 8656 target Dow ?
(3:44 PM) thomas_Poland: Didn't I say HOD is expected ???
(3:44 PM) thomas_Poland:
(3:44 PM) TraderTim: Yes TP!!!
tomthetrader: 2:37 PM) thomas_Poland: hopefully we will see it
tomthetrader: Thanks
tomthetrader: stopped 882.50 on 4
tomthetrader: 8604 YM long 4
tomthetrader: 8656 target
(3:45 PM) Alert: ====SECURITY BULLETIN!=======
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-To give you a blue nickname for free,
-To give you the ability to be invisible or,
-To help you manipulate the Paltalk software,
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Remember, if you want Paltalk software or you want to LOG-IN to Paltalk, be safe and go to
(3:47 PM) TraderTim: A/D: +1764
tomthetrader: tremendous route
(3:47 PM) RetteTen4: hmmm this time one hour...tomorrow..I will be in 2009 lol
tomthetrader: 3-1 as I told Dave this A.M.
tomthetrader: HAPPY NEW YEAR ANI
tomthetrader: Want a Kiss ?
(3:48 PM) RetteTen4: Ty and u
tomthetrader: Thomas loves kisses !
(3:48 PM) RetteTen4: eeeeeeeeeeeeeeeeer no no no laughing
tomthetrader: International Group Hug !!!!
(3:48 PM) RetteTen4: no kisses from married men LOL
tomthetrader: I like the TTT Bear Hug ...kick in the crotch ?
tomthetrader: 888 Thomas /
(3:49 PM) RetteTen4: yikes
tomthetrader: Thomas had faith ?
(3:49 PM) RetteTen4: Tom can u answer a question for me?
tomthetrader: for a while ?
tomthetrader: Yes
tomthetrader: Yes
tomthetrader: Yes
tomthetrader: Questions ?
(3:50 PM) RetteTen4: My friend was telling me that on the Dow..YM u do not get gaps....well on my graphing program......I watch the dow futures and when the dow opens..I have a gap....he insists that the dow has no confused over this
tomthetrader: All instruments have gaps
tomthetrader: every position traded
(3:51 PM) redliontrader: dzk up 7% 2day
(3:51 PM) Nick_H_SanDiego: Ani if you plot the day-only data you will get gaps...
(3:51 PM) Nick_H_SanDiego: But with the 24-hour data you get much less gaps
tomthetrader: has a gap even the slowest of instruments
(3:51 PM) RetteTen4: he uses esignal and when the dow opens...there is just one huge either green or red candle
(3:52 PM) TraderTim: TFH9 478.2 heading back toward
(3:52 PM) TraderTim: highs before xmas
tomthetrader: yes we are on a straight shot to 500
tomthetrader: Ani
(3:52 PM) TraderTim: need some more UWM
(3:52 PM) RetteTen4: yeah
(3:53 PM) TTTMichael: Tom, do you really think we see more gains tomorrow?? Very overbought now. Letting retail have all they want!!!!
tomthetrader: We should use the gaps as emotional events that should be faded
(3:53 PM) TraderTim: a little T&A (er) TNA +8$ 3x russell
tomthetrader: Michael ...yes ...a run we have a good 100-125 Dow left as I said earlier
(3:53 PM) RetteTen4: I just don't understand his reasons for saying there are no gaps on the dow....but thanx for ur explanation
tomthetrader: it is good to get short term overbought after a bear
tomthetrader: shows strength
(3:54 PM) TTTMichael: I get nervous when I see retail stampeed in.
tomthetrader: 8656 Target to sell 4 YM from 8604
tomthetrader: Not after a bear
tomthetrader: take what you can get ...this is easy money
tomthetrader: jump on
(3:54 PM) TraderTim: TFH9 knocks out 480 tom
tomthetrader: and worry later
tomthetrader: YES
tomthetrader: 2 from 474.50
(3:55 PM) RetteTen4: lol
tomthetrader: Yipppfreaking EEEEEEEEEEEEEEEEEEEEEEEE
tomthetrader: Passed my target !
tomthetrader: Are we freaking good or what
(3:56 PM) RetteTen4: well done ...awesome
tomthetrader: I have been damn perfect since Nov 20th
(3:56 PM) TraderTim: amazing Tom good job TF/ES/YM DDM all good
tomthetrader: I LOVE THIS MARKET
(3:56 PM) RetteTen4: me too when I make money LOL
(3:57 PM) TraderTim: it tried to wear us all down .... a little window dressing time
tomthetrader: You will ...we all got to let go and TRADE
(3:57 PM) RetteTen4: got to pay my lawyer...LOL
(3:57 PM) RetteTen4: laughing
tomthetrader: CONGRATULATIONS new move over 50 dma
tomthetrader: we are back in the game Bulls
(3:58 PM) TraderTim: TFH9 won't stop 481.2
(3:58 PM) RetteTen4: lol
(3:58 PM) redliontrader: is that a rooster crowing?
tomthetrader: YES
tomthetrader: YES
tomthetrader: YES
tomthetrader: YES
(3:58 PM) Nick_H_SanDiego: Tom I have Fib target of 8640-8642 using my Fibs
(3:58 PM) Nick_H_SanDiego: On YM
tomthetrader: We have to go to cash
(3:59 PM) TraderTim: when?
tomthetrader: let's close it down
tomthetrader: Now
(3:59 PM) TraderTim: ok
tomthetrader: let's get out
tomthetrader: I am scaling out
tomthetrader: YM out
tomthetrader: TF out
tomthetrader: DDM out
tomthetrader: AAPL
tomthetrader: Out
(3:59 PM) TraderTim: TF/ES/YM over and out
tomthetrader: Main Fund selling DDM
tomthetrader: Selling main Fund out
(4:00 PM) TraderTim: even DDM
tomthetrader: Yes
(4:00 PM) thomas_Poland: la la la
(4:00 PM) Nick_H_SanDiego: That was uncanny Fib projection on YM within 2 pts of the high
(4:00 PM) Nick_H_SanDiego: I love Robert Miner & Joe DiNapoli
(4:01 PM) TraderTim: A/D: +1935
(4:01 PM) thomas_Poland: Isn't great Nick that I made you read Miner's book ?
(4:01 PM) thomas_Poland:
(4:02 PM) Nick_H_SanDiego: YES THOMAS THANK YOU!!!
(4:02 PM) TTTMichael: Main fund to all cash tomorrow??
(4:02 PM) Nick_H_SanDiego: That was the best education I have learned yet
(4:03 PM) thomas_Poland: Read his first book too
(4:03 PM) pupster1: what time is market opened till tomorrow....?
(4:03 PM) JR Roden: Those SPY puts I sold at 3:06pm have dropped 25% of their value (70 cents) in the past hour. I love shorting puts and calls, because when it goes your way the value disappears in a hury.
(4:03 PM) pupster1: 1 pm or 4pm...?
(4:03 PM) TTTMichael: 4pm
(4:03 PM) JR Roden: A nice profit for an hour's work.
(4:03 PM) RetteTen4: what book u talking about?
(4:03 PM) Nick_H_SanDiego: YM just had another pop
(4:04 PM) Nick_H_SanDiego: Robert C Miner "High Probability Trading Strategies"
(4:04 PM) Nick_H_SanDiego: Avail on his website for 1/2 price
tomthetrader: remember when I said we still have 200 more Dow pints ?
(4:04 PM) RetteTen4: thanx will go and get it
(4:04 PM) thomas_Poland: yes Tom was just perfect
tomthetrader: When Thomas mentioned Jasons overbought /
(4:05 PM) thomas_Poland: yes
tomthetrader: Jason is a poor y=trader !
(4:05 PM) thomas_Poland: exactly
tomthetrader: I am a great trader
tomthetrader: You are the man Thomas
(4:05 PM) thomas_Poland: Tom I was looking at his charts not comments
tomthetrader: Your tape reading skills are up 90% in past 2 months
tomthetrader: very proud of you
(4:06 PM) RetteTen4: u making me think lol
(4:06 PM) RetteTen4: if anyone asked how to rate myself as a trader...
(4:06 PM) RetteTen4: hmm don't know what I would say
tomthetrader: Thomas is the most overall knowledgable man in poland and all of europe !
(4:07 PM) TraderTim: TP is awesome
(4:07 PM) thomas_Poland: anybody remembers what forecast I had for todays high??
(4:07 PM) thomas_Poland: anybody???
(4:07 PM) RetteTen4: thinking
(4:07 PM) thomas_Poland: Spx 890 and ES 888
tomthetrader: I AM looking
tomthetrader: Yes
(4:08 PM) thomas_Poland: What we have???
(4:08 PM) thomas_Poland: Spx 891.12 ES 888.75
tomthetrader: SPY 89.00
(4:09 PM) JR Roden: you are good Thomas!
(4:09 PM) thomas_Poland: I am really sorry that I was not correct
tomthetrader: How dare you miss by that much ?
(4:09 PM) RetteTen4: lol u guys
tomthetrader: OK
(4:09 PM) RetteTen4: u making me laugh
(4:10 PM) RetteTen4: like ur humour
tomthetrader: we are a good group Ani
(4:10 PM) RetteTen4: yeah u sound real cool
tomthetrader: we need all members to get on the right side here in 2009
tomthetrader: and start liking the TTT way
tomthetrader: IWM puts to TF Futures long 12k
tomthetrader: in a short period from yesterday morning to now
(4:11 PM) RetteTen4: was serious about what I group here in my country drives me nuts....each one of them have such huge egos and if anyone says anything they jump all over them...makes it ugly at times
(4:12 PM) JR Roden: That's what I like about this group, is we can make fun of each other, while we are making cash! And everybody is happy for everyone else's success.
tomthetrader: great logic and thinking . . . stupendous
tomthetrader: really is experience
tomthetrader: I knew when the OEX traders were buying DEEP in the money calls it was going to run
tomthetrader: So we jump on and hold on never leave the pressure off
tomthetrader: and now we pull off the gas
(4:13 PM) RetteTen4: that is a huge thing..not all can be happy for others...that is so great to hear...I like that
tomthetrader: we have work to do on that !
tomthetrader: But I know it will improve
(4:14 PM) thomas_Poland: Ani in this group only I have ego bigger than US
(4:14 PM) thomas_Poland: and I am always right
(4:14 PM) RetteTen4: LOL
(4:14 PM) RetteTen4: u funny hehe
(4:14 PM) thomas_Poland: so don't you dare to say I am not
(4:14 PM) Nick_H_SanDiego: Tom do you just manually check the Open Int on the OEX
tomthetrader: we have the lowest cost 24/7 access to a pro trader with social networking with other pros ...can't be found anywhere for 20x price
(4:14 PM) Nick_H_SanDiego: is that how you knew the deep calls were being bought
(4:14 PM) RetteTen4: what happens if I said u not...just need to know
tomthetrader: Yes Nick
(4:14 PM) thomas_Poland: yes Ani .. they officialy made me a clown of the group
(4:14 PM) thomas_Poland: they all think I am dumb
tomthetrader: OEX Options
tomthetrader: Yes Thomas ...dumb as a fox !
tomthetrader: Foxy in Pink
(4:15 PM) RetteTen4: aaaaaaaaaaaaaah but do u know how much u learn when u pretend to be dumb...can work like a charm too
tomthetrader: Good night you all
tomthetrader: TTT out
(4:15 PM) RetteTen4: night tom
tomthetrader: NIGHT ALL
(4:16 PM) thomas_Poland: Ani you don't want to know what happens when you say I am wrong
(4:16 PM) thomas_Poland: just dont'
(4:16 PM) thomas_Poland:
(4:17 PM) RetteTen4: lol...just need to be forewarned hehe
(4:19 PM) thomas_Poland: but I am not so active anymore here .. so you are safe
(4:19 PM) thomas_Poland:
(4:21 PM) RetteTen4: thomas what charting program do u use...just looking at Global futures for 30 days....says I can pick strategy runner or x-trader...don't know either of them..hmm
(4:21 PM) thomas_Poland: I use Ensign
(4:21 PM) thomas_Poland: with IQFeed
(4:22 PM) RetteTen4: have not heard of it...dang so much to learn lol
(4:23 PM) thomas_Poland: very good
(4:23 PM) thomas_Poland: in my opinion
(4:25 PM) RetteTen4: Thomas.....Ani thinking again....means be careful of the trading groups asked a question and is looking for whacky and outrageous ideas
(4:25 PM) RetteTen4: on how to make a million dollars and what time period could one do it in
(4:26 PM) thomas_Poland: selling kidney very fast
(4:26 PM) RetteTen4: interesting question to play around with in ones head.....suppose easy to do on paper....but to actually do it hmmmmm....
(4:26 PM) RetteTen4: the aim is...I make one think
(4:26 PM) pupster1: Start with 2 million...........
(4:26 PM) RetteTen4: LOL
(4:26 PM) RetteTen4: the whole question got me thinking
(4:26 PM) RetteTen4: suppose also helps one to define their goals
(4:26 PM) RetteTen4: and where they going
(4:30 PM) RetteTen4: ok yikes I better be off....just want to play around with my graphs for while before bed
(4:30 PM) RetteTen4: night all....was a great day
(4:30 PM) RetteTen4: TY to all ciao
tomthetrader: 889.75 1.50

Monday, December 29, 2008


(9:04 AM) vishal8: gm
(9:05 AM) ajayvee: g'mornin
(9:05 AM) JR Roden: gm all. Hope you had a great Christmas
(9:05 AM) thomas_Poland: gm
tomthetrader: audio testing now
(9:15 AM) ajayvee: y
(9:15 AM) bogdan07: y
(9:15 AM) vishal8: y
(9:15 AM) aszags: y
(9:15 AM) berniectx: y
(9:15 AM) bloomert: y
(9:15 AM) csu30: gm
(9:15 AM) redliontrader: y
tomthetrader: Thank you !
tomthetrader: we will stick with our 2x etf's
tomthetrader: and we are selling in the Main fund e-mails to come
(9:44 AM) thomas_Poland: does TF trading now ? I get not data for it
(9:44 AM) thomas_Poland: or trade
tomthetrader: may have changed their symbol ?
tomthetrader: I have TF March Futures
(9:45 AM) thomas_Poland: yes me to
(9:45 AM) thomas_Poland: and have no data for it
tomthetrader: what service you use Thomas ?
(9:45 AM) vishal8: try /TFH9
(9:45 AM) vishal8: or TF/H9
(9:46 AM) thomas_Poland: I have this
(9:46 AM) thomas_Poland: IQFeed
(9:46 AM) thomas_Poland: I had no problem with it at all
tomthetrader: I am going to grab some IWM puts to protect here short term
tomthetrader: Just some Jan 50.00 puts
tomthetrader: and try to get a 5% position
tomthetrader: IWMMW 5% position that is Jan 49.00
tomthetrader: 3.00 -3.15 is OK
tomthetrader: 872.50 ES 1 Short here
(9:52 AM) vishal8: Tom 872.50 is the SPX cash ?
tomthetrader: yes
(9:59 AM) JR Roden: SPY hourly chart looks like it wants to roll over soon to recharge.
tomthetrader: adding to IWMMW to a 10% postion at about 3.15 avg cost
(10:06 AM) thomas_Poland: NQ already below Fridays lows
(10:12 AM) Fulkdaddy: In other hard to believe news, the Lions fired their coach!
(10:12 AM) thomas_Poland: Es at 200 sma
(10:13 AM) berniectx: I'm in Dallas word is ours will be fired also
(10:14 AM) JR Roden: Having been born and raised in Green Bay, it was sad to see Brett Favre jump to the Jets, but I was ready for the Packers to move on w/Aaron Rodgers as Favre's multiple interceptions per game were wearing on me. I wish it could have ended better for him though.
(10:20 AM) thomas_Poland: 850 today?
tomthetrader: 866.50 on our short ES
tomthetrader: 3.25 on IWMMW
(10:31 AM) thomas_Poland: 0,92 P/C
tomthetrader: 850ish seems a great buy area again for the last shot at a good set up
tomthetrader: Long
tomthetrader: PC improving some Thomas ?
(10:32 AM) vishal8: isee at 212 (call/put ratio)
(10:33 AM) thomas_Poland: yes
(10:33 AM) thomas_Poland: some
(10:33 AM) thomas_Poland:
(10:33 AM) thomas_Poland: but TRIN bad, A/D line poor, and TICK suggests trend day down??
tomthetrader: possible ...I am not happy as a Bull but maybe a good run to 850 will set up a great rally ...we can only play it straight up
tomthetrader: 860 has been solid
tomthetrader: seems that buying puts was EASY MONEY ...which means there is probably more to come
tomthetrader: we are up over 20% on our Put options IWMMW and have a nice profit in just 1 ES Mini from 872.50 cash
tomthetrader: 9-5 negative A/D line
tomthetrader: OIL Rolling over ...GOLD is PEAKING getting over bought
tomthetrader: may want to short the GOLD positions soon ?
tomthetrader: 863.50 stop cover your ES at 863.50 cash
(10:45 AM) bogdan07: what is short etf for gold ,anybody know ?
tomthetrader: DZZ
tomthetrader: ?
(10:45 AM) bogdan07: thx
tomthetrader: Sold a few more at 3.61 IWMMW
tomthetrader: from 3.15
tomthetrader: some good profits
tomthetrader: sold 863.00 cash our short position on ES
tomthetrader: about $500 profit on ES short
tomthetrader: and we should make 2-3K on our puts
(10:48 AM) RetteTen4: nice trading wd
tomthetrader: Thank you
tomthetrader: BPT TAN HYB doing well move stops up
tomthetrader: Everyone OK out there
tomthetrader: pretty quiet week
tomthetrader: hopefully we will get back to "full -time" soon
tomthetrader: Lots just trading part time and many on Holiday til 2009
tomthetrader: again we are sticking to the 1-3% correction scenario
tomthetrader: as 860 keeps holding up
tomthetrader: LOD
tomthetrader: AVG price on IWM puts 3.15 and sold some at 3.61 and now at 3.65-3.70 trying to pare off with nice profits
tomthetrader: should get 3K profit here locked
tomthetrader: VIX really getting a bounce here
tomthetrader: over 5%
tomthetrader: LOD
tomthetrader: 2% off NAZ
tomthetrader: we sold a few more at 3.72
tomthetrader: IWMMW
tomthetrader: stop 3.65
(11:20 AM) RetteTen4: Ty
(11:20 AM) RetteTen4: ty very kind of u
tomthetrader: Thank you
tomthetrader: we have a nice group here
tomthetrader: and they will do anything to help !
tomthetrader: Please welcome Retteten4 !
tomthetrader: Thank you
(11:21 AM) RetteTen4: yeah sure looks like u have a nice group in here...ty for the welcome
tomthetrader: Yes it is Holiday time here
tomthetrader: But we will be more active soon
tomthetrader: Hopefully everyone can pop out and say HI
tomthetrader: Right Guys and gals !
(11:22 AM) RetteTen4: lol Tom
tomthetrader: You are from S.Africa ?
(11:23 AM) RetteTen4: yeah...been living here since I was a year old
tomthetrader: We have a international flavor here
tomthetrader: From Poland to Thailand to Texas !
(11:24 AM) RetteTen4: Most don't know where SA is...but I am in Cape Town....real beautiful city though
tomthetrader: I can imagine ...I have gotten my dose of Planet earth on Discovery HD this season !
tomthetrader: So I have seen the beauty of your area !
(11:25 AM) Bert_TTT: audio ok
(11:25 AM) RetteTen4: yeah me also learning about diff nice to meet people from diff countries
(11:25 AM) RetteTen4: audio is good
tomthetrader: Thank you
(11:26 AM) JR Roden: Welcome from sunny Ohio where it's about 45 degrees today.
tomthetrader: We are a bit sluggish here after holidays
(11:27 AM) RetteTen4: 20 C here....summer time..although always rains near New Year
tomthetrader: very strange year as we have flooding like Spring in our midwest
tomthetrader: thunderstorms and tornadoes !
tomthetrader: What do you like to trade and do you trade other markets ?
tomthetrader: currencies futures and other bourses /
tomthetrader: DAX ?
(11:29 AM) RetteTen4: who Tom?
tomthetrader: Commodities /
tomthetrader: You
(11:29 AM) RetteTen4: oh sorry
tomthetrader: No one else is talking to me today !
(11:30 AM) RetteTen4: don't start me off
(11:30 AM) bogdan07: welcome from CHICAGO,place of 2016 olimpic game 0 deg celcius,32 f
(11:30 AM) RetteTen4: I jabber alot lol
tomthetrader: They must have gotten Coal for Christmas ?
(11:30 AM) RetteTen4: I trade the JSE top 40
tomthetrader: YEAH BOG DAN
(11:30 AM) RetteTen4: Johannesburg exchange and then I started to trade the UK and ur market
(11:30 AM) RetteTen4: es and ym and then dax and cac
tomthetrader: Great
tomthetrader: I have several members who just trade FTSE
(11:31 AM) RetteTen4: shares....I just buy and hold..but from Jan I sold all
tomthetrader: Great
(11:31 AM) RetteTen4: I tried the ftse
tomthetrader: You must get a lot of info data for your trading !
(11:31 AM) RetteTen4: but dang it is slow
(11:31 AM) RetteTen4: I used to pay a lot for data
tomthetrader: Yes ...our market was a wild one and may get back to that soon !
(11:31 AM) RetteTen4: but closed it all and now use Metra Trade 4 for free
tomthetrader: We supply about all you need here
tomthetrader: Get that guys
tomthetrader: Metra tRADE 4
tomthetrader: our Traders may learn a few things from you !
tomthetrader: It is good to get a international view
(11:33 AM) RetteTen4: I went to odl free for 2 weeks...with sp...dow dax and cac..after two weeks just register for another two weeks
(11:33 AM) RetteTen4: and if u want shares from US...I like to watch Walmart.....don't ask me why..just like to watch the share price lol
tomthetrader: Great ...Thank you
(11:33 AM) RetteTen4: and VT Trader2 is free
(11:34 AM) RetteTen4: with equities
tomthetrader: WMT is doing well amazing American now international story !
(11:34 AM) RetteTen4: yeah lol
tomthetrader: Market wants to hold these 860 cash SPX levels
(11:35 AM) RetteTen4: people laugh when I tell them I like to watch walmart...suppose is an indication of how the economy is doing
tomthetrader: What has the S.African market done this year ? Yes WMT is now the ECONOMY !
(11:35 AM) RetteTen4: we just follow the US lol
(11:35 AM) RetteTen4: makes our market very choppy though
(11:36 AM) RetteTen4: but then again the returns are better too
tomthetrader: I use the SPX cash for triggers on all trades as it isthe most accurate and liquid so it will be off from the futures ...we just manually adjust
(11:36 AM) RetteTen4: when my friends made a study of the returns with ftse...dax...cac and dow and our market the TOp 40
(11:36 AM) RetteTen4: top40 came out tops....cos it has huge moves
tomthetrader: Yes ..seems like the US leads a lot of markets and when we stop spending like now hurts !
(11:37 AM) RetteTen4: I will send u that study
(11:37 AM) RetteTen4: via email
tomthetrader: Thank you
(11:37 AM) RetteTen4: I found the ftse give must lower returns with day trading
tomthetrader: yes ..please send any info and we pass along to our members for decision making
(11:38 AM) RetteTen4: with pleasure
tomthetrader: Yes ...our TF futures are the most Volatile the Russell
tomthetrader: used to be ER2
tomthetrader: now TF
tomthetrader: NQ and TF but the action in TF at times is gut wrenching
(11:39 AM) RetteTen4: have not looked at it
(11:39 AM) RetteTen4: want to soon do forex....kinda scared of forex still
tomthetrader: If we start a new Bull it is the place to be !
tomthetrader: we have gone from 375 -475 quickly with $100 per point
tomthetrader: so a pretty good move
tomthetrader: Our Traders had longs all the way up ...(not )
tomthetrader: we all had some longs on that rally though !
tomthetrader: Lot of resistance at 500 TF
tomthetrader: 3.72 we sold 10 more IWMMW
tomthetrader: 30 remain stop 3.65
tomthetrader: from 3.15 Guranteeing a 3K profit
tomthetrader: We will take another short position with a tight stop here Cash SPX trigger 862.50 stop 865.00 cash 1 unit
tomthetrader: we will sell our remaining IWMMW at ask 3.80 and stop 3.70 now
tomthetrader: so we will exit our puts here in between 3.75 -3.80 ...I have a order to sell at 3.80 and also a stop at 3.70 and will manually sell by noon
(11:53 AM) RetteTen4: Tom 7pm here...just gonna eat dinner...then I will email u the info ...I will be back later
(11:54 AM) RetteTen4: dang I must first find it on my pc...thanx for welcome and will be back later
tomthetrader: Thank you and welcome to TTT !
tomthetrader: Hopefully our members will be more cordial later today ! They all are sufferring from too much Holiday spirit !
(11:56 AM) ctmhou: A/D : 977-2007
(11:57 AM) ctmhou: That's not good.
tomthetrader: Hi Craig
tomthetrader: Our Group was not very kind to a new international member ..I am a bit disappointed ?
tomthetrader: Again our stop to cover our 1 short is 865.00
tomthetrader: we have sold all put options up large today
(12:03 PM) ctmhou: Who's the new International member?
tomthetrader: Rette Ten 4
tomthetrader: from S. Africa formerly Germany ...very good asset
tomthetrader: passed along a couple great sites
(12:08 PM) ctmhou: Well, great to have you here Rette Ten 4.
tomthetrader: I guess we have turned into a slow site ?
tomthetrader: Maybe 09 will kick us into gear
tomthetrader: maybe everyone is out ?
tomthetrader: maybe everyone can't type ?
(12:08 PM) ctmhou: My computer is going crazy on me today..................running very slow.
(12:11 PM) aszags: Tom I have been busy and away from the computer this am. I sold some longs this am with the opening pop and have some covered and naked calls. The last full buy signal never fulfilled its usual potential
tomthetrader: You are right
(12:12 PM) aszags: What are you anticipating now?
tomthetrader: Just the minimal VIX and low volume / holidays has influenced it
tomthetrader: I just think we need a shakeout of new bulls
tomthetrader: a REAL scare and soon
tomthetrader: Wednesday is a seasonal UP day and the New Year should be full of new cash
tomthetrader: But you know ...we will short the market if needed
(12:14 PM) ctmhou: Oil sure has fallen off since overnight...........
tomthetrader: QLD has hurt our performance the most ...but we have been saved in the main fund by my stock picking and in traders with our options trades
tomthetrader: OIL cannot hold up no matter what
tomthetrader: OPEC HAMAS
tomthetrader: if that doesn't boost oil ?
(12:18 PM) thomas_Poland: For the record, the last time the ISEE equity call to put ratio was over 200 in a single session was back in the middle of May. At that time, the markets were just in the process of putting in a post-March top.
(12:19 PM) thomas_Poland: from Vix and more
tomthetrader: very good site ...did you start following from my recommendation ?
tomthetrader: or were you a regular /
tomthetrader: Luby is a good technician
tomthetrader: 1-2-3 top in ES futures this a.m.
(12:22 PM) thomas_Poland: Tom I have it in my bookmarks for about a year
(12:22 PM) thomas_Poland:
(12:22 PM) thomas_Poland: What is 1,2,3 top ?
(12:23 PM) thomas_Poland: I know 1,2,3 top as defined by Sperandeo
(12:24 PM) thomas_Poland: yes Luby is good with VIX stuff .. he has a paid newsletter also .. we spoke about it before
(12:24 PM) thomas_Poland: but not sure how good he is outside of VIX ... but I guess he is good
(12:25 PM) thomas_Poland: I just got back to my comp .. anything interesting happend?
(12:28 PM) thomas_Poland: anyone here?
tomthetrader: slow
(12:29 PM) thomas_Poland: TF new lows
(12:29 PM) thomas_Poland: YM soon
tomthetrader: yes
(12:29 PM) thomas_Poland: than NQ and ES?
(12:29 PM) ctmhou: Trying to renew my boat registration.
(12:29 PM) thomas_Poland: If ES and YM hold maybe TF will have goood move up ??
(12:29 PM) ctmhou: S1 on ES is 859.08
(12:30 PM) thomas_Poland: but it looks like we will make another LOD
(12:32 PM) thomas_Poland: 457 TF bottom today?
tomthetrader: sure looks like the market wants to force any longs to reconsider
tomthetrader: move stops to cover to 863.00
tomthetrader: cash
tomthetrader: stopped out of UYG and QLD in TRADERS
tomthetrader: just 5% short now after taking profits on longs and shorts
tomthetrader: some pretty nimble trading here
tomthetrader: and I really like the action
tomthetrader: stop at 863.00
tomthetrader: ZUPI has out performed all indices since Thanksgiving
tomthetrader: Nov. 20th seems to be considered the BOTTOM DAY
tomthetrader: I am wondering for the 1st time ?
tomthetrader: too many Bulls too fast ?
tomthetrader: keep moving stops to cover 1 ES short
tomthetrader: 862.00 stop

Making and taking profits !




Thursday, December 25, 2008


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A Very Happy Holiday Season to You !

Wednesday, December 24, 2008


May your wishes come true this Holiday Season !

Thank you for your time spent looking over my work and hope to see you soon.


Monday, December 22, 2008


tomthetrader: 3:35pm a TTT HEDGE FUND Official BUY Signal all markets
(3:38 PM) thomas_Poland: my indicators gave me three sell signals today .. I took two but was affraid
(3:38 PM) thomas_Poland: very much
tomthetrader: all indices
(3:38 PM) thomas_Poland: great
(3:38 PM) thomas_Poland:
(3:38 PM) Nick_H_SanDiego: (7:23 AM) tomthetrader: 880.00 888.00 900.00 904.00 910.00 914.00 and blast off
(3:40 PM) Nick_H_SanDiego: YM dropped just to the Person Pivot (8339) and bounced.
(3:41 PM) JR Roden: Thomas - where is the LOVE brother, tell us when you get those sell signals.
(3:41 PM) thomas_Poland: I can't
(3:41 PM) thomas_Poland: anymore
(3:41 PM) thomas_Poland: I did not trust them .. as usual
tomthetrader: Thomas is starting his own business
(3:42 PM) thomas_Poland: I can't even trade my signals .. today I made myself to do it
(3:42 PM) Nick_H_SanDiego: Congrats Thomas
(3:42 PM) thomas_Poland: Nothing to congrat Nick
(3:42 PM) thomas_Poland: I lost last session some ... made today more but still it is not good enough for me
(3:52 PM) Fulkdaddy: Die bears!
(3:57 PM) thefish102: perfect buy signal Tom
(3:58 PM) Nick_H_SanDiego: Tom I gotta close some of my YM before 4:14 to meet margin requirements and reopen them tomorrow. Can you give me some guidance on when to close them in this window now.
(3:58 PM) Fulkdaddy: Tommy Tue-tone!! I am shocked the music isn't playing yet!
(3:58 PM) JR Roden: Die bears! (and being a Green Bay Packer Fan, that Die Bears comment also goes for tonight's game).
(3:59 PM) Nick_H_SanDiego: That was what 110 pts nice!
(3:59 PM) Fulkdaddy: Go JR...loved the Packers...until....
(3:59 PM) Fulkdaddy: Good volume!!
(3:59 PM) csu30: Busy buying
(3:59 PM) TTTMichael: Tom, is the anticipated 240 points on Dow froom the close, or from 3:35PM???
(4:00 PM) thomas_Poland: thomas_Poland: I would be surprised if we are not at 900 level on Friday ..
(4:00 PM) thomas_Poland:
(4:00 PM) TTTMichael: Yes
(4:00 PM) Fulkdaddy: Happy to see junk bond yields dropping
(4:00 PM) thomas_Poland: These buy signals of TTT are amazing
tomthetrader: so are you sell signals !
(4:01 PM) Nick_H_SanDiego: The YM shot about 100 pts
(4:01 PM) thomas_Poland: TTT is the best ... go TTT
(4:01 PM) Nick_H_SanDiego: nicew
(4:01 PM) Nick_H_SanDiego: very nice
(4:01 PM) thomas_Poland: 900 by Friday?
(4:01 PM) berniectx: Amazing again TTT Tom went long and sold too soon as usual
(4:01 PM) TraderTim: good signal Tom . . .
(4:01 PM) TraderTim: A/D: final -1237
(4:02 PM) TTTMichael: James Gang JoeWalsh???
tomthetrader: someone has to save this market /
tomthetrader: we might as well buy if no one else will
(4:03 PM) Fulkdaddy: Joe Walsh and Tom Malone...nice combo!
(4:03 PM) Fulkdaddy: Duo...sing a little with him Tommy
tomthetrader: I went 4:1 long on the 3:30 pm Buy signal in QQQQ calls and selling some NQ futures so no morning margin callson the YM
(4:04 PM) Nick_H_SanDiego: nice
tomthetrader: NAZ buy signl came first then total market BUY
tomthetrader: we should be Green for 5 sessions up
(4:05 PM) Fulkdaddy: Can anyone say Ho Ho Ho!
(4:05 PM) Nick_H_SanDiego: ho
(4:06 PM) Fulkdaddy: "Out on the road today I saw a dead head sticker on a Cadillac"
tomthetrader: all that worry today
tomthetrader: for what ?
tomthetrader: 3.7% down off highs from Thursday ???????????????????????????????????????????????????????????????????????????????
(4:07 PM) JR Roden: I went to see a local band this weekend and during their 2nd set they pulled up their 7 year old base guitar player. This kid was amazing. His dad plays the base in the band and this kid picked up the guitar about a year ago and figured out how to replicate the songs on the base guitar. He did about 7 songs with the band ... 80's rock type music. Like TTT ... an amazing talent.
(4:07 PM) Nick_H_SanDiego: u r so right tom
tomthetrader: we did not even get a pin prick and the phone was ringing off the wall
(4:07 PM) Nick_H_SanDiego: thank you for level headedness
(4:08 PM) Nick_H_SanDiego: nervous nelly'
(4:08 PM) Nick_H_SanDiego: We may get back to the bottom of the Opening Range box on YM
tomthetrader: not just you NICK !!!!!! Millions of rumors , Fear ....low on facts
(4:08 PM) Nick_H_SanDiego: 10 pts away
tomthetrader: I like to stick with what i know and sometimes it works
(4:09 PM) Nick_H_SanDiego: You know some of the trading books talk about using your own emotions as a read on what the rest of the public is feeling
(4:09 PM) Nick_H_SanDiego: Just poked thru bottom of O.R. box YM chart
(4:09 PM) Fulkdaddy: That is great Nick...often if I do the opposite of what I feel, I do much better
(4:10 PM) ctmhou: Almost 200 YM points..........WOW!

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Happy Holidays !!!

Tuesday, December 16, 2008


Portfolio Create new portfolioTradersMAINChristmas ! view | edit | delete | create new | open in screener

No. Ticker Company Price Change% Volume Transaction Date Shares Cost Market Value Gain$ Gain% Change$
1. RIMM Research In Motion Ltd. 39.94 8.36% 21,428,936 Buy 11-24-08 10,000 44.8 399399.99 -48600.01 -10.85% 30799.98
2. NOK Nokia Corp. 16.31 6.53% 22,817,412 Buy 11-24-08 10,000 12.93 163099.99 33799.99 26.14% 9999.99
3. QCOM QUALCOMM Inc. 36.06 6.65% 27,762,120 Buy 11-24-08 10,000 30.17 360600.01 58900.01 19.52% 22500.00
4. BRCM Broadcom Corp. 18.64 5.61% 21,856,234 Buy 12-09-08 5,000 16.54 93200.00 10500.00 12.70% 4950.00
5. USD Ultra Semiconductor ProShares 15.77 11.47% 744,671 Buy 12-09-08 5,000 13.51 78865.00 11315.00 16.75% 8115.00
6. ISIL Intersil Corp. 10.19 6.70% 2,843,226 Buy 12-09-08 5,000 8.84 50950.00 6750.00 15.27% 3200.00
7. KLAC KLA-Tencor Corp. 21.97 7.22% 4,420,954 Buy 12-09-08 5,000 20.23 109850.00 8700.00 8.60% 7400.00
8. NVDA NVIDIA Corporation 8.88 6.73% 12,987,269 Buy 12-09-08 5,000 7.81 44400.00 5350.00 13.70% 2800.00
9. AMAT Applied Materials Inc. 10.75 5.50% 28,105,300 Buy 12-09-08 5,000 10.31 53750.00 2200.00 4.27% 2800.00
Total 9 Stocks 7.34% 1354114.99 88914.99 7.03% 92564.97


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Saturday, December 13, 2008


Yes ,

I am now TTT HEDGE FUND 2009 and this is my annual Christmas Card to you ! The year has been brutal but somehow we have survived and many of us have even thrived trading under the most treacherous backdrop in US history. I certainly think the worst is over and best is yet to come. No matter what you view is I am positive my service is worth every penny as you get some of the greatest market timing stock picking and informational/educational services out there.

One of our proudest achievements as TTT members has been the social networking environment we have created reaching hundreds with the real facts on investing / trading now and in the years ahead. We have taken advantage of breakthrough technology and still kept our signals and indicators as simple as ever with a 94% success rate on TTT Buy signals.

My #1 Goal for 2009 is to communicate with you better and use the power of the internet to have webinars and podcasts to keep you informed. Knowledge is the key to success and I feel we bring you the best 24/7.

So please take the time to RENEW and if you do accidentally get "bumped" please contact me immediately and I will be sure to get your e-mail correct and information to you! We ended the week on a great note and I am quite sure it will continue higher than all of us think so let's stick together and make some nice profits as we are all lucky to be able to invest and all grateful to live in this wonderful country / world where we have the opportunity to really prosper using my trading / investing strategies.

I hope this message fins you healthy and full of family this Holiday Season and I wish for all of your dreams and goals to be realized in a more prosperous 2009 ! For those who will not renew I thank you for trying my service and will do anything to keep you. For those who paid in advance many weeks months ago you help keep this together and you are very kind special individuals who deserve the best and I honestly try to give it to you every waking day !

Again Happy Holidays and if you can please renew today !

E-mail Subscribers : $125 fro 2009 PayPal to

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Remember to use our tool and you can log in under User :
Password : tomandprisha anytime and see our updated portfolios that are there for you ! And as usual I will e-mail all the moves , ideas and services that we have become well known for. So tell a friend , co-worker about us and please have a safe and memorable holiday from my family to you !

Very Sincerely Yours ,

The Malone Family
Tom Prisha Ryne and Nolan

TTT HEDGE FUND 2009 is here !

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Friday, December 12, 2008


Portfolio Create new portfolioTradersMAINChristmas ! view | edit | delete | create new | open in screener

No. Ticker Company Price Change% Volume Transaction Date Shares Cost Market Value Gain$ Gain% Change$
1. RIMM Research In Motion Ltd. 38.82 3.63% 16,210,596 Buy 11-24-08 10,000 44.8 388200.00 -59800.00 -13.35% 13600.01
2. NOK Nokia Corp. 15.37 0.99% 11,951,907 Buy 11-24-08 10,000 12.93 153700.00 24400.00 18.87% 1500.00
3. QCOM QUALCOMM Inc. 33.92 4.08% 19,726,598 Buy 11-24-08 10,000 30.17 339199.98 37499.98 12.43% 13299.98
4. BRCM Broadcom Corp. 17.79 7.17% 15,367,919 Buy 12-09-08 5,000 16.54 88950.00 6250.00 7.56% 5950.00
5. USD Ultra Semiconductor ProShares 14.48 9.11% 529,472 Buy 12-09-08 5,000 13.51 72392.50 4842.50 7.17% 6042.50
6. ISIL Intersil Corp. 9.51 4.97% 1,717,760 Buy 12-09-08 5,000 8.84 47550.00 3350.00 7.58% 2250.00
7. KLAC KLA-Tencor Corp. 21.20 6.53% 4,859,490 Buy 12-09-08 5,000 20.23 106000.00 4850.00 4.79% 6500.01
8. NVDA NVIDIA Corporation 8.60 5.01% 16,978,748 Buy 12-09-08 5,000 7.81 43000.00 3950.00 10.12% 2050.00
9. AMAT Applied Materials Inc. 10.45 3.88% 17,175,846 Buy 12-09-08 5,000 10.31 52250.00 700.00 1.36% 1950.00
Total 9 Stocks 4.29% 1291242.49 26042.49 2.06% 53142.49

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Wednesday, December 10, 2008


We had a BUY signal in SMH

We are making huge profits

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Stock of the day

NVDA !!!!!!!!!!!!!!!!!

Monday, December 8, 2008


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Sunday, December 7, 2008


The next two weeks are the peak of 2 seasons...Tax loss selling and a seasonal downturn in Semis.

This year may be different but I am on the defensive after this complex bottoming process has netted us 300K .

So after some backing and filling from 900 back to 840.00 to 825 we will be off to the races until the inauguration then guess what ? back here again !

You can make a lot of easy monet in a high vix environment on both sides.

Come join me for the rest of the year

just payPal %125 for 08 and 2009 and see what real customer service is and our members are the most loyal on the net.

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Please give my service a try in 09 !


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Friday, December 5, 2008

Portfolio Create new portfolioTradersMAINChristmas ! view | edit | delete | create new | open in screener

No. Ticker Company Price Change% Volume Transaction Date Shares Cost Market Value Gain$ Gain% Change$
1. T AT&T, Inc. 28.15 -0.07% 51,138,516 Buy 11-20-08 15,000 25.28 422249.99 43049.99 11.35% -300.01
2. VZ Verizon Communications Inc. 33.19 3.23% 20,011,284 Buy 11-20-08 10,000 27 331899.99 61899.99 22.93% 10399.97
3. COST Costco Wholesale Corp. 55.58 5.36% 8,652,380 Buy 12-02-08 10,000 48.7 555800.02 68800.02 14.13% 28300.02
4. GILD Gilead Sciences Inc. 47.39 4.04% 11,566,121 Buy 12-02-08 10,000 44.07 473899.99 33199.99 7.53% 18400.00
5. NKE Nike Inc. 53.34 2.66% 3,452,544 Buy 12-02-08 10,000 49.74 533400.00 36000.00 7.24% 13800.01
6. ZF Zweig Fund Inc. 2.57 4.90% 219,684 Buy 12-02-08 100,000 2.39 256999.99 17999.99 7.53% 11999.99
7. GS Goldman Sachs Group Inc. 70.72 4.72% 23,799,672 Buy 12-04-08 10,000 67.53 707200.01 31900.01 4.72% 31900.01
Total 7 Stocks 3.62% 3281450.00 292850.00 9.80% 114500.00



Only I know how to navigate

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(9:45 AM) Fulkdaddy: Tom?
(9:45 AM) pupster1: did we lose audio
(9:45 AM) bloomert: no audio
(9:45 AM) Fulkdaddy: I hope we didn't lose Tom
(9:48 AM) redliontrader: Ad line weak?
(9:49 AM) TraderTim: A/D -1512
tomthetrader: 8247.50 2 long for a long term teade
tomthetrader: trade
(9:51 AM) thomas_Poland: for now TICK points to trend down day but we havve to wait some more
(9:54 AM) RV_trader: TLT new LOD
tomthetrader: selling YM for a profit here
tomthetrader: 8280
tomthetrader: will reenter
(9:55 AM) TraderTim: TLT has been parabolic . . . the aruj short looks good
tomthetrader: 8250 YM 2 long
tomthetrader: stop 8240.00
tomthetrader: stopped out with a 10 point loss
tomthetrader: buying QID
(9:58 AM) Fulkdaddy: I'm short
(9:58 AM) Fulkdaddy: Good job Tom
(9:58 AM) DE_TTT: TWM and MZZ
(9:58 AM) Fulkdaddy: You are a real, real pro
(9:59 AM) Fulkdaddy: TZA
(9:59 AM) Fulkdaddy: 3x bear
(10:01 AM) thomas_Poland: 15 min gap rule in effect now
(10:01 AM) Fulkdaddy: Here comes 815-818...this will be an interesting level...if it does not low could we go?
(10:01 AM) thomas_Poland: 807
(10:01 AM) pupster1: 813 is support
(10:01 AM) Fulkdaddy: Support so if it breaks I am worried
(10:01 AM) DE_TTT: 792
(10:01 AM) TraderTim: A/D -1759
(10:01 AM) Fulkdaddy: Yes, 813
(10:02 AM) DE_TTT: y
(10:02 AM) thomas_Poland: who know where we are now?
(10:02 AM) thomas_Poland: 826 is 78,6% retr
(10:02 AM) pupster1: 813 was on es Dec
(10:02 AM) TraderTim: This should get us our BUY sometime today
(10:02 AM) thomas_Poland: of the whole move up from Monday
(10:02 AM) DE_TTT: No matter where you go, there you are...
(10:06 AM) thomas_Poland: incredible 78,6 retr in ES
(10:06 AM) thomas_Poland: hope they will prove it wrong this tiem
(10:06 AM) thomas_Poland: time
tomthetrader: Looks like a suspicious BUY program at 8200 10:04 am
tomthetrader: PPT ?
(10:06 AM) thomas_Poland: could be
(10:06 AM) thomas_Poland:
(10:06 AM) Fulkdaddy: Person's Pivot support is 807
(10:07 AM) thomas_Poland: this is not what I said earlier Dave .. but they match
tomthetrader: sold QID
(10:10 AM) Fulkdaddy: 807-813 area will be huge..if 807 does not hold...then 793
(10:10 AM) Fulkdaddy: The buy the bad news trade was too highly anticipated for it to work???
tomthetrader: I worked very well
tomthetrader: It worked very well
(10:11 AM) Fulkdaddy: We all wanted a dip so we could buy
(10:11 AM) Fulkdaddy: Yes, in your short time it definitely did'
(10:11 AM) Fulkdaddy: I was thinking more of the entire day
(10:13 AM) Fulkdaddy: Tom, you played last weeks rally and get out at the top just really was awesome to observe
(10:15 AM) Fulkdaddy: Wow!
(10:16 AM) TraderTim: those darn rumors and the FED unexpected news events are what keeps me from shorting down here
(10:18 AM) Fulkdaddy: Kass said to Run don't walk to read Carter Worth's report on now vs. Dec. , you have that Tom?
(10:18 AM) Fulkdaddy: Kass thinks we should be slowing buying now for the long haul
(10:19 AM) Fulkdaddy: Tim, I am seriously thinking about covering.
tomthetrader: I agree
tomthetrader: avg bear 40 % Bull 400% that follows
tomthetrader: Have faith our country will come through longer term
tomthetrader: 3 trillion in stimulus hard to see market go much further than Nov lows
tomthetrader: 41.00 handle Oil /
(10:23 AM) thomas_Poland: die bulls
tomthetrader: yes could be time
tomthetrader: did you go long Thomas ?
(10:24 AM) thomas_Poland: no
(10:24 AM) thomas_Poland: I am short
tomthetrader: I am going to soon
(10:24 AM) thomas_Poland: 5 min after the open
tomthetrader: Nice big fat gains
(10:25 AM) RV_trader: need to watch Mondays lows
tomthetrader: yes
tomthetrader: that is the best way to track
tomthetrader: a strong bounce off there will be a huge BUY
tomthetrader: I am going to enter long there
(10:25 AM) RV_trader: agree Tom
tomthetrader: RV : what do you have as the buy area ?
(10:26 AM) thomas_Poland: ok took 12 points and going to reenter short later
tomthetrader: Congrats
(10:26 AM) RV_trader: 813-815 area Monday lows unless they step in front of it
tomthetrader: yes
(10:27 AM) Fulkdaddy: covered short
tomthetrader: and I think they are holding 8200 today now
(10:27 AM) RV_trader: Mondays volume was less then the next 2 days volume which suggest that the probe on Monday was rejected to the downside if they come in and retest we off to the races
tomthetrader: 100% YES
tomthetrader: and we are getting a TTT buy signal on 12 -14 indicators like the last rally
tomthetrader: 100% cash until we show strength 8250
(10:29 AM) thomas_Poland: For anyone who is interested in times etc
(10:29 AM) TraderTim: A/D -1977
(10:29 AM) thomas_Poland: after 1987 crash we made bottom on Dec 4 in unemployment week
(10:29 AM) thomas_Poland: and straight up into christmas
(10:29 AM) thomas_Poland: for bulls
(10:30 AM) Fulkdaddy: Similar to 1974...I will send Tom the chart.
(10:31 AM) TraderTim: Toddo: Watch S&P 818 as a higher low
(10:32 AM) pupster1: if you look at the need the 818 to hold for higher lows on day chart
(10:33 AM) aszager: I missed buying the qid shortly after the open on the pop at a limit of 79.5. it didn't hit it
(10:33 AM) JR Roden: 5 min chart was very divergent for MACD and Stochastic, which could lead to a temporary bounce.
(10:34 AM) Fulkdaddy: I want to get long here
(10:34 AM) TraderTim: Me too FULK, Tom is waiting for strength to confirm
(10:34 AM) pupster1: bought FAS at 21.56...short leash
(10:35 AM) TraderTim: if we hit 8250 it will show strength plus financials going positive and A/D improvement
tomthetrader: Yes yes yes
(10:36 AM) TraderTim: now I am beginning to understand his BUY STRENGTH (avoids cuts by falling knife)
(10:36 AM) TraderTim: XLF: -1%+ A/D still poor at -1986
(10:36 AM) Fulkdaddy: KRE -3.7
(10:37 AM) Fulkdaddy: long
(10:37 AM) Fulkdaddy: NQ 1101.50
(10:39 AM) Fulkdaddy: low volume on the bounce
tomthetrader: yes 93 0f 100 down naz qqq
(10:42 AM) Fulkdaddy: Bush should be good for a couple of hundred down
(10:42 AM) Fulkdaddy: Stop on NQ at 1098
(10:43 AM) Fulkdaddy: stopped
(10:44 AM) pupster1: whats that static audio...cant here
(10:44 AM) berniectx: JR mic
(10:44 AM) redliontrader: JR Roden's mic
(10:45 AM) pupster1: y
(10:45 AM) redliontrader: yup
(10:45 AM) berniectx: ok now
(10:45 AM) breadman8401: y
(10:46 AM) JR Roden: I've never been able to use Mic capabilities before ... so was it me?
tomthetrader: it showed up as a blink ..jut a paltalk BURP
tomthetrader: just
(10:47 AM) RV_trader: TLT did not make new highs with market lows
tomthetrader: 820.00 is a possible cash SPX entry for SSO
(10:48 AM) RV_trader: breath did not also make new lows on this push
tomthetrader: I agree RV
(10:48 AM) RV_trader: somethings up here Tom can see it internals
tomthetrader: I think we are seeing underbelly buying
(10:49 AM) Fulkdaddy: TRIN rollin gover
tomthetrader: as we are nowhere near the new lows and breadth numbers of the lows and it seems there is not as much PUNCH
tomthetrader: so I like going long SSO at 820.00
tomthetrader: seems like a quick trade long is in order
tomthetrader: Toddo has 818 RV a bit lower and I will buy 820 we have a range in here of players
tomthetrader: anyone else want to place a value area to buy ?
tomthetrader: cash SPX derivatives
(10:52 AM) RV_trader: with you Tom
(10:53 AM) thomas_Poland: TICK improved a little .. TRIN is good now
(10:53 AM) thomas_Poland: a/d line is improving?
(10:53 AM) thomas_Poland: RV shouldn't we have stage 3 now/
(10:54 AM) redliontrader: trin is imprving, tick heading in right dirction, vix beginning to roll over
tomthetrader: yes
(10:54 AM) TraderTim: A/D -1770
tomthetrader: BUY SSS at 820 Buy YM at 8250
tomthetrader: SSO sorry
tomthetrader: typing with eyeson fill screens
(10:57 AM) pupster1: i'm seeing buy interest in banks
tomthetrader: yes ...a key
tomthetrader: I am buying WFC WL in my retirement account
tomthetrader: PUP has been ON UYG and banks ...what do you see PUP ?
tomthetrader: GS ?
tomthetrader: RV ....GS ?
tomthetrader: C
tomthetrader: Taking off
(11:00 AM) TraderTim: XLF +.5%
(11:00 AM) RV_trader: GS did not make new lows on the day
tomthetrader: big rally off lows
(11:00 AM) TraderTim: A/D -1678
(11:00 AM) RV_trader: this would be low risk area to take shot on GS stop under 63.30
tomthetrader: I am adding to WFC GS WL in retirement accounts
tomthetrader: Yes
(11:01 AM) RV_trader: anticipating the higher low on it here
tomthetrader: earnings are going to be much better than the rumor numbers
(11:01 AM) thomas_Poland: this will be correction on 30 min chart?
(11:01 AM) RV_trader: filled 65.80
tomthetrader: GS 65.82
tomthetrader: 65.44 earlier
tomthetrader: scaling in to 10000 shares
(11:02 AM) RV_trader: daily setting up for a big imbalance move too GS
tomthetrader: for sevwral accounts
(11:02 AM) redliontrader: long sso 22.39
tomthetrader: Nice trades
tomthetrader: 22.39 SSO is going to be looked at as a unreal buy in early Jan
(11:08 AM) Frank_TTT: FAZ and FAS both positive, ??
(11:09 AM) pupster1: JPM broke November downtrend line and good up against todays lows .. other down trend is from Oct up against 35-36
tomthetrader: Yes ..that is the danger of those 2-3 x ETF 's !
tomthetrader: Thanks Frank and PUP
tomthetrader: THIS LULL IS BULLISH
(11:10 AM) pupster1: still long FAS ..added to it and brought my avg up to 21.9
(11:10 AM) Frank_TTT: so much for pretty charts, stopped out of NEM and UPW with more losses.
(11:11 AM) ctmhou: A/D: 577-2253
(11:11 AM) pupster1: GS good against this weeks lows for longer term outlook
tomthetrader: TRIN on NYSE now holding up our Buy signal with a put call smoothed reading
(11:11 AM) TraderTim: A/D -1647
(11:12 AM) ctmhou: TRIN: .82? yes/no?
(11:12 AM) berniectx: yes trin .82
(11:13 AM) ctmhou: Where should that number be?
tomthetrader: 2.5
(11:13 AM) ctmhou: OH! Thanks.
tomthetrader: anything now above 2.00
tomthetrader: but we are smoothed off better levels so we have ironically a BUY long term and just off a sell short term
tomthetrader: Got you confused now /
(11:14 AM) ctmhou: Tom, next time you and I spot a good one like DTO, hit me.
(11:15 AM) ctmhou: Aug
(11:15 AM) ctmhou: Your welcome
(11:15 AM) ctmhou: I still hurt, thogh.
(11:15 AM) ctmhou: though
(11:16 AM) ctmhou: yes
(11:16 AM) ctmhou: from mid 20's to ............
(11:16 AM) berniectx: truth and humility is good
(11:17 AM) redliontrader: I have never had a bad trade, 100% success
tomthetrader: OK
(11:17 AM) redliontrader: not
tomthetrader: and I have a manhattan penthouse you can use next month ..I will send the keys /
tomthetrader: address ?
(11:18 AM) redliontrader: i have all the bad habits, except I looking back at lost profits
(11:19 AM) redliontrader: if I get out even or green, it make me smile
tomthetrader: a mopup maybe a million a person /
tomthetrader: we will make all loyal TTT Traders 1 million each
tomthetrader: or I will eat my "hedge this" t-shirt
tomthetrader: BTW anyone interested in a TTT Hedge Fund T-Shirt for XMAS ?
tomthetrader: Naz holding up well
tomthetrader: Buy signal in NYSE
tomthetrader: HIT
tomthetrader: C leading banks ?
(11:21 AM) JR Roden: This sideways walk on the 5 min chart should be considered bullish ... correct?
tomthetrader: YES
tomthetrader: I consider it extremely bullish as we are on a NYSE BUY SIGNAL and BANKS are strong
(11:22 AM) thomas_Poland: because I hate Tom I will say bearish
(11:22 AM) thomas_Poland:
tomthetrader: Yes
tomthetrader: Fight
(11:22 AM) JR Roden: Thanks, that's what I thought, but I wanted to be sure.
(11:22 AM) redliontrader: I thought it is forming one of those pennant flag triangle thing which usualy breaks to the orginal direction - down?
(11:23 AM) thomas_Poland: yes can be also this one
tomthetrader: The fact that the LULL is only producing min lows and we hold Mon lows with financials up nice is BULLISH
(11:23 AM) redliontrader: when is our president on?
tomthetrader: Insurance companies Hartford etc ..very HOT
tomthetrader: -100
(11:24 AM) thomas_Poland: but I trade as we make bottom today or monday and rally into christmas?
tomthetrader: when GW takes podium /
tomthetrader: Yes Thomas but make sure you are in ES YM
(11:24 AM) redliontrader: 5 minutes til bush
tomthetrader: as tech may not participate for a good 10 sessions
tomthetrader: nearing LOD ?
(11:25 AM) thomas_Poland: bottom can be 12:30?
(11:26 AM) redliontrader: GM wants to become a bank - I think TTT Hedge should become a bank
tomthetrader: yes
tomthetrader: you saw the Huge reaction when I was offerring free T-shirts !
(11:27 AM) redliontrader: then we can all join up, put on crazy leveraged trades, can't loose, no risk
(11:28 AM) berniectx: trin popping again 1.05
tomthetrader: 22.00 Buy Limit in for 5000 SSO and 4 ES at 820.00
(11:28 AM) redliontrader: marekt sentiment roling over
tomthetrader: 8200 YM to buy strength
(11:29 AM) TraderTim: A/D -1818
(11:30 AM) redliontrader: bush is on
(11:31 AM) Frank_TTT: if oil keeps going down maybe we'll see gas wars at 25 cents a gallon like we did when I was a kid.
(11:32 AM) pupster1: out SKF even...had to sell with Bush on
(11:32 AM) TraderTim: no fill
(11:32 AM) berniectx: yes bot 1 es 821
(11:33 AM) redliontrader: bush is off
(11:33 AM) pupster1: that was short tube showing for Bush
(11:34 AM) berniectx: very nervous being long
tomthetrader: Good efforts by all of us today
tomthetrader: still 100% cash in My Traders account missing the retest of daily lows
(11:39 AM) thomas_Poland: on monday it looked almost the same
(11:40 AM) berniectx: out chicken today
(11:40 AM) thomas_Poland: but now I have signal for up move
(11:40 AM) berniectx: should have stayed...listen to TTT and Thomas
tomthetrader: BERNIE !
tomthetrader: I had Trader of the day written all over you !
(11:46 AM) berniectx: have no guts like you Tom
tomthetrader: you will and don't cut yourself short made the profit while I was on my thumbs ! Congrats !
tomthetrader: 4YM at 8200 stop 8180
tomthetrader: we will add 2 more here at 8200 for 6 long 8200
(11:50 AM) redliontrader: added XTO @ 29.54
tomthetrader: stop 8210 now on 6 YM
tomthetrader: 15% long Traders 85% cash approx
(11:52 AM) pupster1: back in on FAS at 22.61 avg...give it 1 more shot here..
tomthetrader: 8230 stops in 6 long
tomthetrader: 8240
tomthetrader: sold
tomthetrader: 6
tomthetrader: long YM
(11:53 AM) berniectx: why don't I listen to you patience for me
tomthetrader: 240 YM profits taken will buy again soon
tomthetrader: BERNIE ! I wish I had bought your 821 !
tomthetrader: Take it as a +
tomthetrader: ++++++++
(11:54 AM) berniectx: yes no losses today
tomthetrader: I love Traders and seeing them develop are OK is all ++++++++++
tomthetrader: RALLY
tomthetrader: GS
tomthetrader: UYG
(11:54 AM) TraderTim: A/D improve to -1456
tomthetrader: 240 YM points in profits are a good day
(11:55 AM) TraderTim: best level on A/D of day trending up since 10:45am
tomthetrader: tomthetrader: 22.00 Buy Limit in for 5000 SSO and 4 ES at 820.00
(11:28 AM) redliontrader: marekt sentiment roling over
tomthetrader: 8200 YM to buy strength
(11:56 AM) redliontrader: good chance to buy in here
(11:56 AM) thomas_Poland: if we go back into this range it means this was correction ?
(11:58 AM) redliontrader: SSO 22.39
(11:59 AM) redliontrader: 22.58
tomthetrader: Nice trades guys
(11:59 AM) ctmhou: I need a $5000.00 day.
(11:59 AM) JR Roden: How are you feeling about the move from here for the rest of the day?
tomthetrader: we had it charted put ..right bernie ?
(12:00 PM) berniectx: yes Tom...I always have fear though but you show me the way
(12:01 PM) ctmhou: Elliott Wave says that there is still a good chance for a Wave 5 pullback before it takes off. Don't know timeframe though. Don't even understand Elliott.
(12:02 PM) JR Roden: I got into some call options too early this AM, but it's now profitable, so I'm wondering if I should jump out now or ride it with a tight stop.
(12:02 PM) ctmhou: Short ES here?
(12:02 PM) pupster1: ES bounced nicely off that 813 level mentioned earlier vut hitting downtrend on the 5
(12:02 PM) ctmhou: A/D: 711-2194
(12:03 PM) ctmhou: TRIN: .77
(12:04 PM) ctmhou: Someone at Legg Mason call the bottom here I think yesterday.
(12:04 PM) ctmhou: Bill Miller?
(12:04 PM) pupster1: banks so far still looking good
(12:04 PM) ctmhou: lol
(12:04 PM) Fulkdaddy: Rev just mentioned Bill Miller in a post...I will forward to Tom
(12:06 PM) ctmhou: Oil at 41.65.WOW!
(12:06 PM) TraderTim: A/D -1476
(12:06 PM) pupster1: if u crack 833 u could see 740
(12:06 PM) pupster1: 840
(12:06 PM) ctmhou: SOmeone said that it will go to $25/brl
(12:07 PM) ctmhou: Not Houstonians who work in the oil patch.
(12:07 PM) ctmhou: Lower food?
(12:07 PM) aszager: we may have to loan saudi arabia money
(12:07 PM) TraderTim: In this case lower OIL will NOT offset troubles . . . so NO!!
(12:07 PM) ctmhou: I haven't seen that yet.
(12:07 PM) ctmhou: OOOOUUCCCHH!
(12:07 PM) TraderTim: DEFLATION seems good until you look at bigger picture . . . like will you have a job!!!
(12:08 PM) TraderTim: true, if you kept your job in depression you did OK
(12:09 PM) TraderTim: A/D -1312 XLF up 2% Hmmmm
(12:09 PM) aszager: I bought qld with the move up at 23.01 and 23.02 and have stop loss in that I am moving up
(12:09 PM) TraderTim: something brewing here
(12:09 PM) ctmhou: My Grandfather made $88/week back in the depression. He thought that he was rich and quit to go to Michigan to do work he had no idea what he was doing and lost thatjob too.
(12:10 PM) pupster1: sometimes the devil that you know is better than the devil that you don't know
tomthetrader: Long ES from 821 bernie ...I will still give you trader of the day for entering the position
tomthetrader: RV was also a stalwart at the lows
tomthetrader: giving us some very bullish points
tomthetrader: along with my official buy signal on NYSE given atthe lows
tomthetrader: It is a good group of traders here
tomthetrader: only getting better
tomthetrader: 8250 YM ?
(12:12 PM) Fulkdaddy: We broke the uptrend line on the 10 day and just rallied up to the bottom of it...short here?
tomthetrader: Look at TF what a daily move up
tomthetrader: I was going Long Dave ?
tomthetrader: 8250 ?
tomthetrader: we will see /
tomthetrader: Trend day still alive ?
(12:14 PM) thomas_Poland: yes it is
(12:16 PM) pupster1: took .6 on FAS
tomthetrader: Nice trade buddy
tomthetrader: 100% cash
(12:19 PM) JR Roden: Took my .15 profit off the table on my long SPY calls. I'd love to see it keep running north, but I'll take this for now.
(12:19 PM) thomas_Poland: anybody .. who bets the channel holds and who we go to the lower one ?
(12:19 PM) thomas_Poland: I am talking about the chart Tom sent
(12:20 PM) thomas_Poland: the move to lower one would be measured move
(12:22 PM) aszager: just sold qld at 23.3
(12:23 PM) aszager: may look to buy qid on a further drop
tomthetrader: 8250 YM seems to be hard to crack ..Dave may be right on the short from these levels
(12:25 PM) Fulkdaddy: great chart Thomas...I think we go lower, then up
tomthetrader: Zags you may be onto something
tomthetrader: QID may be a good spot but I can't commit to a short ...only daytrade
(12:25 PM) thomas_Poland: 12:30 is very important for me
tomthetrader: seems naz can get hurt worst
(12:25 PM) thomas_Poland: it can be top
(12:25 PM) thomas_Poland: by my seiko
(12:26 PM) aszager: y
(12:26 PM) bloomert: y
(12:26 PM) pupster1: y
(12:26 PM) berniectx: y
(12:26 PM) gerry204: y
(12:26 PM) wclegg: y
(12:26 PM) JR Roden: y
(12:26 PM) redliontrader: k
(12:26 PM) thomas_Poland: y
(12:26 PM) Fulkdaddy: I am blocked out of audio
tomthetrader: Dave go ahead and sign back in
tomthetrader: or push to talk
(12:27 PM) thomas_Poland: why do I see minus signs ?
(12:27 PM) Fulkdaddy: Now I got it
(12:27 PM) aszager: good
(12:27 PM) berniectx: good
(12:27 PM) bloomert: good
(12:27 PM) Fulkdaddy: I want to short so bad here
(12:28 PM) les13436: y
(12:28 PM) jbljudy: y
(12:28 PM) aszager: I am looking to buy qid below 81
(12:29 PM) JR Roden: hrly chart really looking to roll upward
(12:29 PM) nimesh_: rally hard today?
(12:30 PM) redliontrader: choppy , choppy but slight bias up here, but too choppy to really tell
(12:31 PM) thomas_Poland: 12:30 top?
(12:32 PM) Fulkdaddy: Short NQ at 1114.50
(12:32 PM) Fulkdaddy: Keep talking...breaking down
(12:32 PM) thomas_Poland: seiko watch worked again ?
(12:32 PM) thomas_Poland: at least for few points?
(12:33 PM) aszager: Qid broke 81 and I didn't take it . Now it is at 81.85
(12:34 PM) thomas_Poland: I don't like it came below 828 in ES
(12:35 PM) Fulkdaddy: Cramer thinks XOM is the tell today
(12:35 PM) TraderTim: OIL and Market go DOWN together
(12:36 PM) TraderTim: OIL says deflation/recession and earnings will follow . . .
tomthetrader: POLL : Is this the worst employment condition and how does it rank from last 100 years
tomthetrader: 5th 10th 25Th 41st ?
(12:36 PM) Fulkdaddy: No but this one is not at the bottom yet...IMHO
tomthetrader: you get a t-shirt if you get answer right
(12:37 PM) Fulkdaddy: I would say on its way to 2nd worst
(12:37 PM) TraderTim: 2009 worse ever
(12:37 PM) berniectx: bad but not the worst??
(12:37 PM) Fulkdaddy: 12%ish unemployment based on how the government used to tally the #'s
tomthetrader: Answer ?
(12:37 PM) Fulkdaddy: 6.7% is hogwash
tomthetrader: 5th 10th 25th 41st ?
(12:38 PM) berniectx: guess 5th
(12:38 PM) TraderTim: depends on how you ask the quesiton? Are many of the traders here "unemployed"? so 25th
tomthetrader: 74 last time we saw losses and it markerd the bottom in abear ..we are now officially in 41st place
tomthetrader: so there have been 40 other times where employment worse !
tomthetrader: 41st
(12:40 PM) Fulkdaddy: In my next life, I want to come back as TraderTim...retired at 32!
tomthetrader: things are not that bad comparatively
(12:40 PM) Bert_TTT: Not the worst yet..Since Congress and the political process doesn't handle things the best they will probably screw up the automaker situation and will move much higher on the list (or further down)
(12:40 PM) TraderTim: the trader ranks will grow as the unemployed join TTT (that keeps the number low )
(12:40 PM) Fulkdaddy: But Tom, the trajectory is in free fall so the we can't really compare it until it is over...we may get -600k next month
tomthetrader: agree but we have to deal with the facts and facts are we have a worse loss in wealth but ONLY the 41st worst employment situation
tomthetrader: and wages for those who are still working are gong UP
tomthetrader: and inflation spiralling down
(12:41 PM) Bert_TTT: But you are comparing our current position with the other bottoms
tomthetrader: yes
tomthetrader: we can only speculate on the future
tomthetrader: we can only guess ..they are yesterdays numbers
(12:42 PM) Bert_TTT: Our bottom in this "lagging indicator" is still a ways off.
tomthetrader: yes ..either way ?
tomthetrader: maybe revise up ?
tomthetrader: maybe worst is over with a new President !
(12:43 PM) Bert_TTT: Side bet on at least 9%
(12:44 PM) Bert_TTT: Even money
tomthetrader: US government would never print 9% as they will hire new statisticians
tomthetrader: or get a new pencil ?
(12:44 PM) Bert_TTT: Even with Obamas figures
tomthetrader: with a eraser
tomthetrader: too bad we can't blame anything on new president until at least march /
tomthetrader: GW takes the hit until then
(12:45 PM) Bert_TTT: I'll still bet we get there...He'll just blame it on Bush and the Democratic congress
tomthetrader: agree
(12:45 PM) Bert_TTT: He'll forget that last part, however
tomthetrader: makes for a enourmous Bull market !
(12:46 PM) aszager: I bought and sold qld late yesterday and today both at a profit but were uncomfortable taking a long position
(12:46 PM) Bert_TTT: But not for a while and from lower levels
tomthetrader: still think 8250 DJIA is important hold
tomthetrader: New lows bert /
tomthetrader: ?
(12:48 PM) Bert_TTT: On a closing basis, I assume
tomthetrader: How many think we get new bear lows before a rally ?
(12:48 PM) aszager: NO NO NO
tomthetrader: NO NO NO
(12:48 PM) Bert_TTT: How much of a rally
(12:48 PM) pupster1: agree
tomthetrader: 40%
tomthetrader: -400%
(12:49 PM) Fulkdaddy: I think we rally 1st and then DOW 6000
tomthetrader: Thanks
(12:49 PM) Bert_TTT: But a 40% rally?
(12:49 PM) pupster1: bear market rally 25%-50% ..typical
tomthetrader: agree
tomthetrader: we have had 6
(12:49 PM) berniectx: wow Dave Dow 6000
tomthetrader: this bear market
(12:49 PM) pupster1: Dave might be right on that front unfortunately
(12:49 PM) aszager: I don't think we will break the lows this year but next year watch out below
(12:49 PM) TraderTim: I go with FULK, a rally first will cause the most pain (people waiting will have to chase) only to crush them after they chase
tomthetrader: really
(12:50 PM) Fulkdaddy: I heard the 10 largest financial institutions: GS, C, JPM, etc...around the world, have been buying and selling one anothers CDO's in order to keep the market price up so they do not have to take a big mark to market hit.
(12:50 PM) Fulkdaddy: Swapping
(12:50 PM) Fulkdaddy: BS was the 1st who broke the aggreement
(12:50 PM) pupster1: i think i'm leaning in that camp of look out below mid-year next year
tomthetrader: My forecast is we hold the lows here and rally hard into 09 1100 spx and then a 20% correction and then a NEW BULL market up 200-400%
(12:51 PM) Bert_TTT: a 25% rally would get us to 10,000 on the Dow that would reassure the buy and holders. Maybe a little higher then I also believe in look out below
(12:51 PM) pupster1: hope your right Tom...that would be easier to trade
(12:51 PM) Frank_TTT: i'm hoping for a rally to load up on ulta shorts, i agree with fulk but even see lower numbers
(12:52 PM) pupster1: 480 S&P ...?
(12:52 PM) Fulkdaddy: $84 Trillion in revolving CDO's
(12:52 PM) Fulkdaddy: JPM with the most exposure
(12:52 PM) Fulkdaddy: This can't end good
tomthetrader: The historical evidence is all on the side of the bulls .
(12:52 PM) Bert_TTT: Pup that's one of the lowest I've seen
tomthetrader: maybe this is the "it's different this time'
(12:53 PM) Fulkdaddy: We are holding the NQ uptrend line from the 10:20 am low
(12:53 PM) berniectx: you guys scare me even more but want to trade in the mean time to save my retirement
(12:53 PM) Frank_TTT: s&p earnings to $40, low of bear market p/e typical 7-9. do the math
(12:53 PM) TraderTim: FULK, that is a bad situation, the question is whether it is already DISCOUNTED? If it isn't, you are right, not good.
(12:53 PM) pupster1: SCARED HERE AS WELL
tomthetrader: but 41st worst employment situation and already a 50% drop ?
tomthetrader: Math rarely works in stock trading
(12:54 PM) Bert_TTT: We have many more "fat tail" events than there really should be given normal distributions. Maybe we have the wrong "normal" data
(12:54 PM) thomas_Poland: Tom but we have to say that ... historical evidence was on the side of the bull more than month now?
tomthetrader: and what was our rally off the lows to highs ?
(12:54 PM) Fulkdaddy: Tom, they don't count unemployment the same...the Clinton Administration changed it so if you are now on unemployement over 6 months they take you off the tally
tomthetrader: 30% ?
tomthetrader: So it is different this time ?
(12:55 PM) Bert_TTT: History said the goventment intervention would cause the rally
tomthetrader: yes the last 8 years has been a Quant conundrum
tomthetrader: Bert is 100% right
tomthetrader: which is why we are down 50% ?
(12:56 PM) Bert_TTT: We are in the 14-17 year corrective phase
(12:56 PM) Fulkdaddy: oil falling off a cliff...under $40 today?
(12:56 PM) Bert_TTT: Starting in 2000
(12:56 PM) Fulkdaddy: yes bert
(12:56 PM) Fulkdaddy: Structural bear
(12:57 PM) Fulkdaddy: TRIN creeping up Thomas
(12:57 PM) TraderTim: Tom, the reason Bert/Fulk/Tim and others took of short term trading was becasue we believe in Bert's 14-17 corrective phase and needed new skills to make money.
tomthetrader: so we just blanket take the idea the US is dead and so short it ...that is why you have that computer and account ...with that knowledge we all could be millionares ..trillionaires
tomthetrader: Howshort are you gyys .?
(12:57 PM) TraderTim: not short . . . short term
(12:58 PM) thomas_Poland: Tom .. it is hard to put money where the mouth is
(12:58 PM) thomas_Poland:
tomthetrader: What was that 200% runup from 03-07 ?
(12:58 PM) TraderTim: apparently just a bear market rally
tomthetrader: or does that not count either did GW rule out that ?
(12:58 PM) thomas_Poland: this 12:30 seiko hour was great
(12:58 PM) Fulkdaddy: Bear market rally
(12:59 PM) Fulkdaddy: Bubble
(12:59 PM) TraderTim: phamtom wealth (false asset growth based on debt)
tomthetrader: 4 year bear market rally !
tomthetrader: Holy cow there is anew one ?
(12:59 PM) Fulkdaddy: Go look back at the rallies in the 70's some went over two years
tomthetrader: it was not a Bull market ?
tomthetrader: Was 2003 -2007 a bull market /
(1:00 PM) Fulkdaddy: Cyclical bull, secular bear
(1:00 PM) TraderTim: maybe the labeling is the problem since we all are seeing the same trends
tomthetrader: Elliot wave now ?
(1:01 PM) Fulkdaddy: stopped on NQ for 1.5 pts
tomthetrader: fearful of rally ?
(1:02 PM) Fulkdaddy: yes
tomthetrader: If we are going to 400 I would buy and hold 3x ETF for 1 year ?
tomthetrader: and you would be a millionaire no ?
(1:03 PM) Bert_TTT: Could be rally with auto bailout
(1:03 PM) Fulkdaddy: Can't take the drawdown
(1:03 PM) Frank_TTT: amen
tomthetrader: so you have to depend on market timing to play the up then get short
tomthetrader: so no drawdown
(1:04 PM) Fulkdaddy: y
tomthetrader: but the plan is 600-400 spx in 2009 ?
(1:04 PM) Fulkdaddy: y
tomthetrader: you could buy options cheap ? puts ?
(1:04 PM) TraderTim: A/D -1300
(1:04 PM) Fulkdaddy: Marty Chenard is also on board with this
tomthetrader: and not have thatbig of drawdown
(1:05 PM) TraderTim: XLF +1.5%
tomthetrader: banks very strong
(1:05 PM) ctmhou: Then we buy SDS and go play golf until next summer?
tomthetrader: yes
(1:05 PM) Fulkdaddy: What's happening here Tom?
tomthetrader: Rally
(1:05 PM) Fulkdaddy: Broke 8250
tomthetrader: yes
(1:06 PM) aszager: I still have qld. I sold some at 23.3 and am watching to unload more but look at the dow
tomthetrader: key reversal day up ? or just knocking shorts out for a drop
(1:07 PM) thomas_Poland: 836 ES resistance
(1:07 PM) aszager: no
(1:07 PM) ctmhou: Maybe short ES at 842?
(1:07 PM) thomas_Poland: 78,6% retr
tomthetrader: I will leave the next trade up to you all 1
tomthetrader: !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
(1:08 PM) aszager: I bought 15000 and sold 5000 at 23.3 and will sell the rest
(1:09 PM) ctmhou: Thomas, will ES pullback to 824?
(1:09 PM) thomas_Poland: if it will Craig we will go much lower
(1:09 PM) ctmhou: I like how Zags doesn't mess around.
(1:10 PM) pupster1: long again FAS at 22.85
(1:10 PM) ctmhou: He commits funds...........
(1:11 PM) JR Roden: Hourly chart begging to roll up now for a least a short term pop. I went long the QQQQ.
(1:11 PM) pupster1: we all need to get in the same league as Zags and Tom...players with $
(1:12 PM) TraderTim: A/D 0974
(1:12 PM) aszager: It is funny that three days ago I was buying and selling qid in the 74-77 range and today it was at 83
(1:12 PM) TraderTim: A/D -971
(1:13 PM) ctmhou: Just think Zgas if only you could have held.
(1:14 PM) ctmhou: Zags
(1:15 PM) aszager: I still have 10000 qld and have been watching it go up
(1:16 PM) ctmhou: ES is getting short term overbought on the 5 min chart and coming up on some resistance from earlier.
(1:16 PM) Frank_TTT: buying the bounce of 50 dma off many of the ultrashorts in the last week and just holding to now would have netted 20-30% easy. this fear of a massive bear market rally stopped me from doing it, and i'm sure i'm not alone
(1:19 PM) aszager: Frank same thing here
(1:19 PM) Frank_TTT: that to me is the conundrum (remember that word from the fed a while back!) we are in.
(1:19 PM) Frank_TTT: does anyone here think all the problems we have right now will be over in 6-9 months from now?
(1:20 PM) pupster1: no
(1:20 PM) pupster1: 3 year - 5 maybe
(1:21 PM) thomas_Poland: I still don't believe in this rally
(1:22 PM) thomas_Poland: but if we make HOD for today trend day is obiously gone
(1:22 PM) aszager: Thomas are you short because I still want to buy qid
(1:23 PM) Frank_TTT: pup & you have a long term short position that you just leave on and don't try to nano second trade it?
(1:23 PM) pupster1: nope
(1:24 PM) pupster1: long UYG
(1:24 PM) Frank_TTT: does anyone here have a long term short position?
(1:24 PM) thomas_Poland: zags???
(1:24 PM) thomas_Poland: did not understand the question
(1:25 PM) aszager: I have been carrying far out of the money naked calls on qid and twm which is a bullish position
(1:25 PM) thomas_Poland: why would I want to be sure when you have QID?
(1:25 PM) thomas_Poland: or I misunderstood?
(1:26 PM) thomas_Poland:
(1:26 PM) thomas_Poland: short not sure
(1:26 PM) thomas_Poland: I am not short right now
(1:27 PM) thomas_Poland: I was in the morning and once around 12:30 ... stopped out with two points loss
(1:27 PM) thomas_Poland: still positive on the day
(1:27 PM) thomas_Poland: and still waiting for short
(1:27 PM) aszager: I don't have qid right now the double inverse but have been considering it when i sell my remaining double bull qld but qld keeps moving up
(1:28 PM) thomas_Poland: so you have calls on QLD not QID?
(1:30 PM) Frank_TTT: if all those talking heads from the boob tube that keep saying this is the buying opp of a lifetime would put their $ where there mouth is the market would go up 1000 points
(1:31 PM) aszager: I sold naked calls far out of the money a few weeks ago on twm and qid which is a bullish position when you don't own the stock
(1:31 PM) h4m2006: ctmhou, what's ur take on ES now. seemes to have had a pop up
tomthetrader: Agree frank !
tomthetrader: who is H4M ?
tomthetrader: 2006 ?
(1:34 PM) aszager: Dow just broke 8300
tomthetrader: I think the rally into 2:00pm is PUBLIC lead
tomthetrader: 1:56 am audio updated
(1:36 PM) pupster1: Green close today...!!!
(1:36 PM) Frank_TTT: how about an end of the week short covering rally?
tomthetrader: banks will I think
(1:36 PM) pupster1: pretty please
tomthetrader: GS ?
tomthetrader: how is that trade going ?
(1:37 PM) pupster1: no risk up against 65....good trade right here
(1:37 PM) pupster1: 65 low
(1:37 PM) pupster1: next price point would be 60.22
(1:39 PM) aszager: just sold my qld at 23.6
tomthetrader: (11:01 AM) RV_trader: filled 65.80
tomthetrader: GS 65.82
tomthetrader: 65.44 earlier
tomthetrader: RUSSELL positive
tomthetrader: manic buying by the public ?
(1:43 PM) aszager: Does that mean you will be selling Tom?
(1:43 PM) Frank_TTT: since the market didn't collapse on crappy report today, ppt could give it a boost and try to start the mojo up
tomthetrader: very soon ...unless the hedgies decide to BUY BUY BUY for performance on a MOMO trade
(1:43 PM) JR Roden: qqqq really trying to get positive.
tomthetrader: we can jump on the RUT move
tomthetrader: 27.50 was a BUY QQQQ
(1:44 PM) Frank_TTT: nas green
tomthetrader: this is where we seperate the men from the boys
(1:44 PM) redliontrader: looking good for more upside.
(1:45 PM) aszager: I sold my qld at 23.6 and now it is at the high of the day 24
(1:45 PM) Frank_TTT: ppt, short coverers, mojo for 5%'s --- get them all to pile in. get on the phone ttt!!!!!!
tomthetrader: Yep been on the phone Frank !
(1:46 PM) Frank_TTT:
tomthetrader: we had so many shpts at this market today
tomthetrader: shots
(1:47 PM) JR Roden: Let's see a monstrous short covering rally into the close.
(1:48 PM) Fulkdaddy: Another day or rallying on terrible news...this has got to be bullish intermediate term
(1:48 PM) aszager: Tom tell us exactly when and if the market is going to collapse
(1:48 PM) Frank_TTT: tp..stilll don't trust it?
(1:48 PM) Fulkdaddy: If we hold this rally
(1:48 PM) Fulkdaddy: A/D -315
(1:49 PM) pupster1: trust it....lows are probably in short thinks...
(1:49 PM) aszager: I jumped off my qld and it is going to the moon
tomthetrader: Key intraday reversal eating up all shorts stops
(1:49 PM) Fulkdaddy: Here we are back at 845
tomthetrader: I guess the bear will growl next week ...motnh ..yeqr
tomthetrader: deja vu all over again
(1:50 PM) pupster1: on a close basis we have higher lows
tomthetrader: Naz maybe one of the biggest fakeouts in quite a while /
(1:50 PM) pupster1: we are setting up for more up...yes
tomthetrader: banks carrying the load /
tomthetrader: RUT
(1:51 PM) pupster1: who mentioned the banks this morning
(1:51 PM) thomas_Poland: Frank I am back
tomthetrader: TF
(1:51 PM) pupster1: still long FAS 3rd time today...
(1:51 PM) thomas_Poland: I wrote before I will trust it when we make HOF
(1:51 PM) thomas_Poland: HOD
tomthetrader: XLF GS C UYG XLF
(1:51 PM) aszager: Tom McHugh is also bullish with an anticipated 20% move from Thurs low
tomthetrader: Really
tomthetrader: I read his last report and left me not able to understand /
tomthetrader: again
tomthetrader: I am not schooled in mcHugh talk ?
(1:52 PM) thomas_Poland: me neither
(1:52 PM) thomas_Poland:
(1:52 PM) thomas_Poland: 200 sma above
tomthetrader: But his membership has growm exponentially in this bear while most have dropped
(1:52 PM) thomas_Poland: 850
(1:53 PM) thomas_Poland: Tom ... even broken clock is right two times a day
(1:53 PM) thomas_Poland:
(1:53 PM) JR Roden: That's why I stopped getting his newsletter (McH), because he seemed to have a scenario for every possible outcome.
(1:53 PM) aszager: You have to turn his report upside down and read it in front of a mirror
tomthetrader: AHHHHHH
tomthetrader: I knew there was a trick
tomthetrader: be right back ..will set it up !!!!!!!!!!!!!!!!!!!!!!!!!!!
tomthetrader: Yes a 20% rally from todays lows
tomthetrader: POK
tomthetrader: OK
tomthetrader: Here we go ! Phi date Nov 21st ?
(1:54 PM) aszager: He also anticipated an up day today based on stochastics
tomthetrader: and the next is ?
tomthetrader: and the Phi date does what /
(1:54 PM) aszager: I think about Dec 21
(1:55 PM) Bert_TTT: 20% or 25% from todays lows I can buy into
(1:56 PM) Bert_TTT: 40% is a little too optimistic for me
(1:56 PM) thomas_Poland: please people .. don't tell me you will start to say bad word about McHugh
(1:56 PM) thomas_Poland: please
(1:56 PM) thomas_Poland: Phi my ass
(1:56 PM) thomas_Poland: He was right with Phi date but he did not know it
(1:56 PM) thomas_Poland: sorry
(1:56 PM) thomas_Poland: now he knows he was right
tomthetrader: YES
(1:56 PM) pupster1: is that Apple Phi...?
tomthetrader: 850
tomthetrader: Buying steength
(1:56 PM) aszager: Much of his report is a repeat every day after page 2 and 3. I have found you indeed have to learn how to translate his first few pages
tomthetrader: strength
(1:57 PM) pupster1: i think i called the market today if i'm not mistaken
(1:57 PM) pupster1: lol
(1:57 PM) thomas_Poland: so the higher channel on 30 min chart worked
tomthetrader: Yes PUP : welcome back and RV were STRONG LONGS AT THE BOTTOM
(1:57 PM) pupster1: still long FAS
tomthetrader: XLF up 45 cents ?
tomthetrader: makes those bears think 2x any ways ?
tomthetrader: got green on all inices
tomthetrader: indices
(1:58 PM) aszager: i was a nervous long when i bought qld and wanted out. i left another point on the table
(1:58 PM) Frank_TTT: oil bounced
tomthetrader: and even oil acting better
tomthetrader: Frank we are thinking alike ?
tomthetrader: That is bad news /
(1:59 PM) thomas_Poland: ok 200 sma stopped the mve for now
(1:59 PM) TraderTim: TLT down
tomthetrader: Key reversal .....I gave it a low % and trend day down high % ?
tomthetrader: Bonds will push $$$$$$$$$$$ into stocks
tomthetrader: TWM quite a daily chart
(2:00 PM) Frank_TTT: wouldn't suprise me to see DTO give back 30% in 2 days
(2:01 PM) pupster1: sold FAS with 1.3 pft
(2:02 PM) redliontrader: need to see oil go green, financials are improving, need to ease deflation fears next, then housing then jobs. We can go a long way on each of these improvments over the next year(s)
(2:05 PM) aszager: I would have lost my pants if I would have bought qid less than 81. The only reason I didn't was I was holding my qld and following it up
tomthetrader: X acting well
tomthetrader: nice comeback
tomthetrader: 27.50 was a Buy buy buy
tomthetrader: Q's
(2:08 PM) redliontrader: So GS whisper number is -4.00. Consensus = -2.50. Tom you think -2.50 is in the price or -4.00? and there is upside on which number?
tomthetrader: again 850 is the level
tomthetrader: GS is a great play here if you think the whisper is WAT TOO LOW
(2:18 PM) redliontrader: I love PSA. I scalp it almost everyday for a little spending money.
tomthetrader: gosh 8200 seems along time ago /
tomthetrader: 820 ?
tomthetrader: RUT ?
tomthetrader: all seems like it didn't happen today
(2:21 PM) RV_trader: breath still a little light can they hold on or sell it off into the close
tomthetrader: I don't buy it RV I am selling my GS
tomthetrader: taking the money and running for now
(2:23 PM) RV_trader: yeah this whole rally had been suspious
tomthetrader: Public
tomthetrader: maybe a short in here on ES
tomthetrader: at 850 ?
(2:23 PM) RV_trader: hey at least we held Mondays lows but really have gone no where all week
(2:23 PM) RV_trader: stayed with in that range
(2:23 PM) RV_trader: next week look for big move out of this area
(2:24 PM) RV_trader: 815-875 currnet balnce area for the week
tomthetrader: yes and we got some oversold signals ..just cannot get a good buy signal one on NYSE but Naz scares me a bit
(2:24 PM) arujunaa: fyi, i'm covering my 10yr future short here from this morning
tomthetrader: GREEN ALL OVER
tomthetrader: I am short all bonds
tomthetrader: meaning i expect rates to double by this time next year
tomthetrader: all GREEN
tomthetrader: Q's up 1%
tomthetrader: 850 is the key for the Bulls
(2:27 PM) RV_trader: 853-854 Globex highs will come into play here IF we can make it on rpobe over 850
(2:28 PM) redliontrader: oil crashing
(2:28 PM) redliontrader: could break into the 30s
tomthetrader: historic rates
(2:31 PM) arujunaa: which rates tom? i'll take the under
tomthetrader: 1st of agencies auctions now
(2:31 PM) tycole99:
tomthetrader: Aruj ...I am saying rates will double by this time next year ...tell me I am wrong /
(2:32 PM) Nick_H_SanDiego: Hi guys
tomthetrader: Gas could hit 90 cents a gallon from Gulf oil CEO
tomthetrader: Hi Nick !
(2:33 PM) arujunaa: do you think the 2yr will double, the 10yr, the 30yr? it makes a difference
tomthetrader: OK 10 year
(2:33 PM) Nick_H_SanDiego: I just saw $1.71 regular at ARCO station here in San Diego. Unbelieveable
tomthetrader: 30 day will 20 X ?
tomthetrader: 1.59 here
(2:33 PM) arujunaa: so, 5.25% on 10s? you're crazy....but in a good way................
tomthetrader: good
tomthetrader: I love to hear that
tomthetrader: Bond Bubble ..economy much stronger than people think
(2:35 PM) Nick_H_SanDiego: I was able to get out of my 4 long ES at 853.50 last nite at b/e...thank god because the jobs # was horrible this morning!
tomthetrader: Guess how many Out of stocks are reported at Walmart for today from Sony playstation to hannah montana garb ?
(2:35 PM) redliontrader: GJ nick. I was wonder about your ES's. That must make you feel great.
(2:35 PM) arujunaa: bond bubble? we haven't even seen the low yield for this cycle yet.
tomthetrader: Oh come on ?
tomthetrader: you saw it when you sold ?
tomthetrader: !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
(2:36 PM) Nick_H_SanDiego: Ok so if the return on the 30 day will 20x...let me think this thru...that means that the price of the 30 day bond will come down...ok so can we short 30 day bonds? How does one do that? Directly? Or thru etfs?
(2:37 PM) Nick_H_SanDiego: Thanks Red....I was up all nite restless being long like that, so I checked it a little after midnight PT and was able to get out within 30 mins of watching it...hit a hi for the nite...was so happy slept till 10am this morning!
(2:37 PM) arujunaa: i don't believe i sold the highs, tom. seriously. i think we can make new low yields. in the sort term, 10s to 2.40ish%
tomthetrader: UYG soaring
(2:37 PM) Nick_H_SanDiego: Moral of the story, don't go to bed being long futures in the face of direct econ reports!
tomthetrader: glad you survived
tomthetrader: and it is survival these days /
tomthetrader: Key intraday reversal has to finish with a 880 close
(2:38 PM) Frank_TTT: ttt....closing price prediction?
tomthetrader: 63 VIX
tomthetrader: Cashin wants high volume run up
(2:39 PM) Nick_H_SanDiego: What are our open pos's right now?
tomthetrader: but still thinks we are OK ?
tomthetrader: 100% cash
(2:39 PM) pupster1: i'll take right here for a close
(2:39 PM) Nick_H_SanDiego: Hopefully you caught the 817 bottom
(2:39 PM) pupster1: how bout that
(2:40 PM) Nick_H_SanDiego: Did you make any money today earlier?
tomthetrader: Bernie nailed 821 !!!!!
(2:40 PM) Nick_H_SanDiego: nice bernie
tomthetrader: Yes we all made money
tomthetrader: which is good
tomthetrader: I think we all did /
(2:40 PM) pupster1: went long FAS 4th time and profitable 3 out of 4 with a be trade in there
(2:40 PM) pupster1: BE
tomthetrader: My NYSE signal was as good as a TTT BUY
(2:41 PM) Nick_H_SanDiego: ES approaching +200 (overbought) on Woodies
(2:41 PM) aszager: spx is at 855.78
(2:41 PM) pupster1: FAS long at 24.02
tomthetrader: tomthetrader: THIS LULL IS BULLISH
(11:10 AM) pupster1: still long FAS ..added to it and brought my avg up to 21.9
(2:42 PM) redliontrader: still struggling with XTO position from y'day. Need to make it to 31.97. Is it going to get there?
(2:43 PM) Frank_TTT: looking like another "bear trap" day
(2:43 PM) pupster1: in it my 4th time today with 3 profitable trades and 1 Break Even...this last is long at 24.02
(2:43 PM) Nick_H_SanDiego: what your suggested vehicle
(2:44 PM) pupster1: Tom you have an avg of
(2:44 PM) redliontrader: oil bounced off 40.50, now up $1 over low
(2:44 PM) TraderTim: A/D +420
tomthetrader: tremendous
(2:45 PM) Nick_H_SanDiego: long 2 es @ 857.75
(2:46 PM) Fulkdaddy: Note the store
(2:46 PM) Fulkdaddy: Walmart...even the hedge funds are shopping there
(2:47 PM) Fulkdaddy: n
(2:47 PM) ajayvee: never heard of them
(2:47 PM) ajayvee: symbol?
(2:47 PM) Frank_TTT: bke
(2:48 PM) Frank_TTT: nice run lately,
(2:48 PM) Nick_H_SanDiego: es taking a breather from HOD
(2:48 PM) Fulkdaddy: good volume on the runups
(2:49 PM) pupster1: broke down treend ... 5 waves down and now u can draw some Fibs on that
(2:49 PM) pupster1: looks good .. BKE
(2:50 PM) pupster1: kids don't understand depression though Tom
tomthetrader: Just a point !
(2:50 PM) pupster1: hear ya
(2:50 PM) berniectx: walked away for 40 minutes WOW
tomthetrader: Bernie !
(2:51 PM) berniectx: missed the big move
(2:51 PM) pupster1: hows the accent on that one on CNBC now...nice
(2:51 PM) pupster1: anchor ladt that is
(2:51 PM) arujunaa: tom, to answer your question from above, i would sell bond futures. the ticker is USH9. also, tbt & tlt. but i never trade these. margin on bond futures at oxp is about $4000 per contract i think. for non-fixed income investors, tbt & tlt is probably the way to go
tomthetrader: we do have all the earmarks of a KEY REVERSAL DAY WHICH IS VERY BULLISH LONGTERM
tomthetrader: Thank you Aruj !
(2:52 PM) thomas_Poland: 2:55 possible top
tomthetrader: Aruj : the economy is way more healthy than 99% of people think
tomthetrader: IMHO
tomthetrader: But I am always the optimist as you know
tomthetrader: But it does payoff !
(2:53 PM) Fulkdaddy: What do you see Thomas?
(2:53 PM) arujunaa: that's what makes a market, right?!
(2:54 PM) thomas_Poland: test of 200 sma and rally again?
(2:54 PM) Nick_H_SanDiego: TP where is the 200?
(2:54 PM) Nick_H_SanDiego: what level
(2:54 PM) thomas_Poland: 850
(2:54 PM) thomas_Poland: magic level?
tomthetrader: I think the key re4versal is much like what started the bear in June
(2:55 PM) arujunaa: tom, do you read ISI for economics?
tomthetrader: yes you like it /
(2:55 PM) Fulkdaddy: NEd Davis Market Cap Model strongly favors small caps again this month
(2:55 PM) thomas_Poland: today at 1:10 and 2:35 were two great momentum trades
(2:55 PM) thomas_Poland: I missed it
(2:56 PM) thomas_Poland: Dave you got Ned Davies?
(2:56 PM) thomas_Poland: Davis
(2:56 PM) Nick_H_SanDiego: sorry tp
tomthetrader: Yes NED is Bullish ..I get to work with him occassionally and we colloborate
(2:56 PM) Fulkdaddy: NO one of the writers on Real Money just posted it
(2:56 PM) arujunaa: i think for unbiased economic research, isi is the best
tomthetrader: yes
(2:56 PM) Nick_H_SanDiego: im long 4 es @867
tomthetrader: Piling on
tomthetrader: and very very Bullish
tomthetrader: economy good ...rates going up stocks going up ..what is a bull to do ?
(2:57 PM) thomas_Poland: today can be low and straight up till christmas
tomthetrader: There are just too many bears to go down
tomthetrader: Again the KEY TECHNICAL REVERSAL DAY is something we have not had in this complex bottoming process
(2:59 PM) Nick_H_SanDiego: com on baby...lets go again
tomthetrader: maybe a bit of respect should be given to the US economy and the workers we have left ...41st worst employment stats ?
(2:59 PM) thomas_Poland: we are a little overbought Tom
tomthetrader: we will be back to overbought soon
(3:00 PM) thomas_Poland: short term
tomthetrader: we think alike ?
(3:00 PM) thomas_Poland: yes
(3:00 PM) Nick_H_SanDiego: we have a flag and pole forming on the esz8 2 min chart
(3:00 PM) thomas_Poland: you teached me ?
tomthetrader: can't spoil this day
tomthetrader: very technically important
tomthetrader: if it holds
tomthetrader: need 300-350 up YM
(3:01 PM) Nick_H_SanDiego: out of es 4 pts
tomthetrader: '880
tomthetrader: another 13 -15 ES
(3:01 PM) thomas_Poland: today at 11:00 retail crowd was short YM
(3:01 PM) thomas_Poland: and at 2:55 also
(3:01 PM) Nick_H_SanDiego: it did look miserable when I turned on Bloomberg TV and CNBC at 1030am PT
(3:01 PM) thomas_Poland: let's see if this time public is right
(3:01 PM) Nick_H_SanDiego: dire the world is falling
(3:01 PM) Nick_H_SanDiego: armegeddon
tomthetrader: 866 spx
(3:02 PM) thomas_Poland: at 11:00 public were eaten
(3:02 PM) thomas_Poland:
(3:02 PM) thomas_Poland: 2:55 also?
(3:04 PM) TraderTim: THOMAS 200sma can it make it?
(3:04 PM) Fulkdaddy: short NQ at 1156
(3:04 PM) Nick_H_SanDiego: ES just hitting 50% retracement on this downleg (dec)
(3:04 PM) pupster1: sold FAS at 25.07
(3:04 PM) Nick_H_SanDiego: now at 20sma

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