Friday, November 28, 2008





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have a 3 pronged approach
(12:31 PM) thomas_Poland: What did you mean
tomthetrader: which it always has in the past ..but there is always "This time it's different "
(12:32 PM) berniectx: Tom you mentioned earlier that next week may bring tax selling...are you expecting down next week?
tomthetrader: 1) you should have started acquiring LONG TERM STOCKS with High Divi yields ..perfect ex T VZ
tomthetrader: 2) You have to have a int plan
tomthetrader: 3) short term buy and sell futures and options on 1-21 day basis
tomthetrader: Yes bernie
(12:33 PM) berniectx: thx
tomthetrader: I do think we have a neutral to down week
tomthetrader: 1-3 % off Mondays highs
tomthetrader: which could come very early
tomthetrader: but we have all the Run of this one under our belts pretty much and in the bank
tomthetrader: 375 -465 TF / RUT is a amazing move
tomthetrader: just think the guy who bought 10 contracts . and held til today from the lows ?
tomthetrader: or 100
tomthetrader: 100 point move in TF and 150 ES +
tomthetrader: 741.02 on 11/21 to 895.00 11/28 ...I would call a Rally
tomthetrader: 155 ES
tomthetrader: in a week
tomthetrader: That is called PROPULSION
tomthetrader: If the tape isn't right it can not ignote is on fire ...2 9-1 + up down days
tomthetrader: and lening to 2-1 10 day smoothed a/d line
tomthetrader: Amazing rally
tomthetrader: and the easiest money is made in the first 20% of a new bull
tomthetrader: normal bulls 100-400% ?
tomthetrader: so we ar at the beginning
tomthetrader: OK Sports fans
tomthetrader: All mY best as we have had a year
tomthetrader: New attitudes and new cash on Monday
tomthetrader: Hope you all are as excited as I am
tomthetrader: Have a great weekend
(12:51 PM) TraderTim: absolutely.
tomthetrader: and good luck / good night from florida
tomthetrader: Take it easy !
(12:55 PM) berniectx: done for the careful, nice close for the week
tomthetrader: Amen ..Thank bern
tomthetrader: 100
tomthetrader: YM
tomthetrader: NO imbalances
tomthetrader: BAC options XLF options gone
tomthetrader: XLKAT tax losses ..futures still rolling to March
(12:58 PM) thomas_Poland: we trade till 1:30?
(12:58 PM) thomas_Poland: or 1?
tomthetrader: DONE closed
tomthetrader: 8825 close
(1:00 PM) DE_TTT: Really like Semiconductors here, Tom. Fit well with your recovery thesis. Bot BRCM, NVDA, AMAT, KLAC, SMH. Have a great weekend, everyone!
(1:00 PM) pupster1: great job Tom........
tomthetrader: thanks guys
tomthetrader: all my thanks
tomthetrader: Great DE
(1:00 PM) TraderTim: well done Tom
(1:00 PM) ajayvee: thanks tom, have a great weekend everybody!
(1:00 PM) Fulkdaddy: Tom, you played this week absolutely perfect. It was like a ballet!
tomthetrader: semis lead us out and financials
(1:01 PM) DE_TTT: Honeybaked Bear has tasted very good this week!!!
(1:01 PM) pupster1: techs and financials real key
tomthetrader: Thank you Dave ...very much apprecuated
tomthetrader: I thank you all for putting up with this old dinosaur
(1:02 PM) Nick_H_SanDiego: Tom thanks for all your mentoring...and I look forward to our new quarter
tomthetrader: I will be better in a NEW BULL !
(1:02 PM) pupster1: just tell us you're not quitting in 2010
tomthetrader: I am here 24/7
tomthetrader: till we hit 15 K
tomthetrader: !
tomthetrader: so maybe 20 years !
(1:03 PM) DE_TTT: We like old schoolers, Tom...this world needs more of 'em!!
(1:03 PM) pupster1: 15k...?
tomthetrader: I am loike a bad cold ..hard to get rid of
(1:08 PM) DE_TTT: Hasta la vista, amigos!
(1:10 PM) Fulkdaddy: Have a great weekend everyone....good trading!


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"Tom..The most incredible Buy signal i have seen in 20 years nailed the bottom and rode it up right in line with your comments. I ahve been with you awhile and don't say much but I will tell anyone who listens ...there has never been a better deal ...just a couple of trades and you are done and I can call you and you are always there to keep me in the game. Thank good ness you don't take ads or are mainstream..your coaxing me into DDM last week made my year as I am now up over 50K on the last 6 TTT Buy signals...thank good ness you will be here for 2009 ! "

Ted Nashville Tn

Wednesday, November 26, 2008


(3:12 PM) TraderTim: which 3x
(3:12 PM) TraderTim: oh gotcha holding all 2x and 3x
tomthetrader: we have seen them on the downside ...wonder how the bears feel on the upside ?
(3:13 PM) TraderTim: stops going up so fast
(3:13 PM) thomas_Poland: perfect plan .. so so day
tomthetrader: YES
(3:13 PM) thomas_Poland: still the same problem .. conviction
tomthetrader: You may have gotten hurt on the 3:00pm short ?
(3:14 PM) thomas_Poland: fortunatelly I made money today on 3 longs
(3:14 PM) TraderTim: without you I would be dumping my 2x's in MAIN but holding
(3:14 PM) thomas_Poland: Tom you know I don't blindly short these times?
(3:14 PM) TraderTim: I want to SELL them so bad
(3:14 PM) thomas_Poland: or you think I do?
(3:14 PM) thomas_Poland: and I said 3 till 3:30?
(3:15 PM) thomas_Poland: I will trade only when I get my signal
(3:15 PM) thomas_Poland: and my morning indicator was wrong today
(3:15 PM) thomas_Poland: it is wrong 1 time in 10
(3:15 PM) arujunaa: fyi, i know alot of people here have talked about TLT. friday i sthe last day of the month when month end extension trades/portfolio rebalancing takes place. if anyone is looking to short TLT, friday might be the day. but be careful, because next week we have alot of important data culminating with the employment report on friday. it won't be pretty.
(3:15 PM) pupster1: OptionsXpress sucks...slow as S..t ...!!!
(3:16 PM) thomas_Poland: pupster
(3:16 PM) thomas_Poland: LOL
(3:16 PM) thomas_Poland: you mad?
(3:17 PM) pupster1: not really .... but yeah...
(3:18 PM) Nick_H_SanDiego: Pup I hope you aren't trying to trade futures with Opx...that is impossible!
tomthetrader: Thanks Aruj !
(3:18 PM) Nick_H_SanDiego: I was using QuoteTracker as a front-end to submit orders to Opx because their web interface is so slow!
tomthetrader: There is a lot of interest in bonds and the dolla4r
tomthetrader: we are lucky to have you !
tomthetrader: Thank you
(3:18 PM) arujunaa: happy to help
tomthetrader: we need it
(3:19 PM) pupster1: yeas....OpeX is S..T for futures
tomthetrader: Bonds like stocks a TREND day here ?
(3:19 PM) arujunaa: yes. we closed at the highs or thereabouts. softening a little bit now as stocks rally but no major give back
(3:20 PM) arujunaa: we're extremely overbought
(3:20 PM) pupster1: for the past week I've been trying to place trades on the ES and it tells me that it isn't the right symbol untill I repopulate it and then it goes through
(3:20 PM) pupster1: hasn't happened till just this week
(3:22 PM) thomas_Poland: 886 high on Spx
tomthetrader: ARUJ ? TREND DAY ?
(3:23 PM) arujunaa: yes. see above
tomthetrader: Thanks ...going 90 MPH here
(3:24 PM) pupster1: this may sound impossible or not too believable...but...the measured move on the ES could be 135 points from 874 .... that would be 1009 on ES
(3:25 PM) Nick_H_SanDiego: pup how are you measuring that?
tomthetrader: yes target 1010
(3:25 PM) pupster1: can't quibble with 1 ES
(3:25 PM) thomas_Poland: I had 1005
(3:25 PM) thomas_Poland:
(3:26 PM) Nick_H_SanDiego: it takes you that long to key your order into Opx !
(3:26 PM) pupster1: close think...
(3:26 PM) thomas_Poland: yes
(3:26 PM) thomas_Poland: perfect
(3:26 PM) pupster1: YES
(3:26 PM) pupster1: but I am too lazy to move
(3:26 PM) Nick_H_SanDiego: Oh yes I forgot Thomas knows everything
(3:26 PM) pupster1: sure does
(3:26 PM) Nick_H_SanDiego: I told them goodbye after 1 day !!
(3:27 PM) thomas_Poland: Nick no .. I am always right
(3:27 PM) thomas_Poland: not I know everything
(3:28 PM) Nick_H_SanDiego: ok you're right :!
(3:28 PM) thomas_Poland: yes
(3:28 PM) thomas_Poland: I am
(3:29 PM) DE_TTT: FXI + X = Happy Turkey Day
(3:29 PM) Nick_H_SanDiego: what's X
tomthetrader: TRADER OF THE WEEK
tomthetrader: DE
tomthetrader: DE
tomthetrader: DE
(3:29 PM) thomas_Poland: So tomorrow you eat dogs right ?
(3:29 PM) thomas_Poland: or cats?
tomthetrader: How was out market calls this week ?
tomthetrader: were our calls
(3:30 PM) Nick_H_SanDiego: fantabulous
(3:30 PM) thomas_Poland: GREAT
(3:30 PM) thomas_Poland: GREAT
(3:30 PM) thomas_Poland: TTT
(3:30 PM) bloomert: amazing
(3:30 PM) thomas_Poland: go TTT
(3:30 PM) thomas_Poland:
tomthetrader: Thanks Bloom !
tomthetrader: Thanks Nick !
(3:30 PM) Nick_H_SanDiego: np
(3:31 PM) thomas_Poland: and me ?
tomthetrader: Screw you !
(3:31 PM) Nick_H_SanDiego: u too TP
(3:31 PM) thomas_Poland: LOL
(3:31 PM) Nick_H_SanDiego:
(3:31 PM) Nick_H_SanDiego: lol
(3:31 PM) thomas_Poland: I am raped
tomthetrader: Just kinding !
(3:31 PM) thomas_Poland: officialy
(3:31 PM) thomas_Poland: by TTT
tomthetrader: kidding
(3:31 PM) thomas_Poland: Judas
tomthetrader: can't rape the willing ?
(3:31 PM) Nick_H_SanDiego: true
tomthetrader: you pretty boy /
(3:32 PM) Nick_H_SanDiego: Ok, Tom, where is this last 30 min rally
(3:32 PM) Nick_H_SanDiego: I need 885.50 es
(3:32 PM) thomas_Poland: down Nick
(3:32 PM) thomas_Poland:
tomthetrader: 78 dead in attack slows the market rally
tomthetrader: stopped out of YM
tomthetrader: 8676
tomthetrader: dang
tomthetrader: got too tight
tomthetrader: 61 up Naz
tomthetrader: still hanging on to TREND day
(3:33 PM) Nick_H_SanDiego: new hod es
tomthetrader: 250 target
tomthetrader: 500 OK ?
(3:34 PM) thomas_Poland: wait for last 15 min armagedon
(3:34 PM) pupster1: cant believe i missed the execution on ES at 867...
tomthetrader: (3:08 PM) Nick_H_SanDiego: That would be 10 es pts, right?
tomthetrader: 878 long 4
tomthetrader: and holding
(3:34 PM) Nick_H_SanDiego: Got my finger on short es
tomthetrader: 884 stop
tomthetrader: 885
(3:35 PM) thomas_Poland: people fading high TICK readings and big boys buying from them
tomthetrader: yes into close
(3:35 PM) Nick_H_SanDiego: there is goes
(3:36 PM) thomas_Poland: gues so
tomthetrader: 886
tomthetrader: way to habg with trades all day guys
tomthetrader: hang
tomthetrader: Gerry you out there in LA ?
(3:37 PM) TraderTim: A/D +2204
tomthetrader: anyone out there Bullish ?
tomthetrader: we have a major BUY signal
(3:37 PM) thomas_Poland: me?
tomthetrader: per 2 back to back 9-1 up downs
tomthetrader: No gerry ?
(3:37 PM) ajayvee: you mean we're not overbought?
(3:37 PM) thefish102: sorry Tom, I don't trust major buy signals during the week of Thanksgiving
(3:38 PM) thomas_Poland: I say I am bullish
tomthetrader: yes short term
tomthetrader: Bob ...Why ?
(3:38 PM) thefish102: I think they fail come Monday/Tuesday
(3:38 PM) pupster1: QQQQ breaking down trendline est. from Sept...this is good...!!!
tomthetrader: Thanks
(3:39 PM) thefish102: just my opinion
(3:39 PM) pupster1: MAJOE BULLISH WEDGE
(3:39 PM) pupster1: major
tomthetrader: I really like the buy signals...and thanks ..I think we could fall back but from 944
(3:39 PM) pupster1: looks like Q's can go to 32-33
(3:39 PM) Nick_H_SanDiego: lotta chop in es right now
(3:40 PM) thefish102: agree...............I'm not bearish on this Friday..........I think it is usually the most bullish day on the year
(3:40 PM) pupster1: Tom...this action is definately buy the pull backs...y
tomthetrader: 20 minutes we have 9-1 back to back in the bag and 20% gains
(3:40 PM) TraderTim: we will sell everthing by Friday in MAIN
tomthetrader: Yes
tomthetrader: Yes
tomthetrader: 100% cash in all positions
(3:40 PM) pupster1: by Friday
tomthetrader: By 1:00pm Friday
tomthetrader: 910 ES
(3:41 PM) pupster1: ok
tomthetrader: I agree with thefish we get a pullback Mon/ tuesw
tomthetrader: But rally is ON
tomthetrader: til then and ride the strength
tomthetrader: I called 880 -888 today or by friday
(3:42 PM) DE_TTT: 888 !!
tomthetrader: 884
(3:42 PM) thefish102: yes you did, and a great call it IS
tomthetrader: so I split the diff
(3:42 PM) DE_TTT: Still holding FXI and X
tomthetrader: Thank you
(3:43 PM) Nick_H_SanDiego: right on the button TTT
(3:43 PM) Nick_H_SanDiego: amazing
(3:43 PM) Nick_H_SanDiego: tanking
tomthetrader: 17 minutes
(3:43 PM) thomas_Poland: last 15 min armagedon?
(3:43 PM) Fulkdaddy: Yesm great call Tom
tomthetrader: small sell program hit
tomthetrader: a basket of s and p's fell
tomthetrader: Thanks Dave
tomthetrader: GS look at the chart and tell me if that is a trend setter ?
(3:44 PM) aszags: Tom you were near perfection this week
tomthetrader: 5 day chart ?
tomthetrader: Thank you Zags
tomthetrader: I am very thankful you all are still with me
tomthetrader: YES
tomthetrader: closing imbalances on many dow stocks
(3:45 PM) berniectx: I for one could not do any of this without your guidance Tom and all
tomthetrader: Bernie ...we all appreciate your role in this team
tomthetrader: we will be all one the trade soon
tomthetrader: this has been very rough on all of us
tomthetrader: and I pray we all get a more normal market where our decisions are sound and help all of us
(3:47 PM) DE_TTT: I like the X's I own better than my own ex's. ; )
tomthetrader: Wow
(3:47 PM) Bert_TTT: It's a slow learning process, but I'm thankful for this group
tomthetrader: bad bing
tomthetrader: Take my wife /
tomthetrader: please ?
(3:47 PM) pupster1: participating members here on TTT is like having core holdings in your long term just don't to sell '
tomthetrader: last time I saw a face like that it had a hook in it ?
tomthetrader: PUP ..AGREE 100%
(3:47 PM) DE_TTT: I like it most when we quarrel like a family over the holidays...that's how you know we're a solid team!
tomthetrader: It is the group
tomthetrader: that makes it work
(3:48 PM) TraderTim: Tom will make FULK and I sit at the childrens table for thanksgiving but that's OK
tomthetrader: Bull or bear we are going to beat the market
tomthetrader: and all of us who weather this crisis are going to get 10X
tomthetrader: 5% rut up
(3:49 PM) DE_TTT: And you may have to use the plastic cutlery...
(3:49 PM) TraderTim: Yep DE
(3:49 PM) ajayvee: and lids on the drinks
(3:50 PM) TraderTim: and those darn cranberries
(3:50 PM) DE_TTT: Sippy cups...
(3:50 PM) pupster1: VIX sitting on up trendline ...need MACD to go negative
(3:50 PM) berniectx: am done for the day...Happy Thanksgiving all be careful
(3:50 PM) TraderTim: see ya bern
(3:51 PM) thomas_Poland: does that mean I can not be right tomorrow?
(3:51 PM) berniectx: my shoulders always hurt from sitting in front of the computer by the close
(3:51 PM) thomas_Poland: because you eat dogs? They have to close market ?
(3:51 PM) thomas_Poland:
(3:51 PM) berniectx: be nice Thomas!!!
(3:51 PM) thomas_Poland:
(3:54 PM) Nick_H_SanDiego: rally
(3:55 PM) Nick_H_SanDiego: close on hod ?
(3:55 PM) pupster1: bought 1/2 my DIG position back higher than were I sold it...had to do it
(3:56 PM) pupster1: hoping for a pullback now on it...what a change in sentiment
tomthetrader: there we have it folks
tomthetrader: a true text book TREND DAY
(3:56 PM) Nick_H_SanDiego: do i hear hod
tomthetrader: Professionally timed and miraculous in nature
(3:57 PM) Nick_H_SanDiego: close enough for gov't work
(3:57 PM) Nick_H_SanDiego: happy turkey dya
(3:57 PM) ajayvee: here's a virtual kiss for you tom!! just wonderful! You're the best thing that ever happened to my trading!!
(3:57 PM) Fulkdaddy: Have a great holiday everyone!
(3:57 PM) pupster1: Happy TG to you as well and TTT members ...!!!!
(3:57 PM) Bert_TTT: Have a great and safe holiday
(3:57 PM) ajayvee: Happy Thanksgiving to everyone here!
(3:57 PM) gerry204: Thanks, happy Thanksgiving Tom and all
(3:58 PM) TraderTim: Happy TG to all the TTT brothers and sisters!!!
(3:59 PM) thomas_Poland: Happy whatever you have there
(3:59 PM) billb1947: HAPPY thanksgiving y'all
tomthetrader: Happy and God Bless you all and God bless the USA
(3:59 PM) thomas_Poland: see you on Friday
tomthetrader: sold es
tomthetrader: 888
tomthetrader: sold YM
tomthetrader: 8725
(4:00 PM) Nick_H_SanDiego: Tom did you go short or flat?
(4:00 PM) TraderTim: he was long buying into the spike
tomthetrader: still have many longs TF and NQ from 1124
tomthetrader: will keep 25% long into Friday close
(4:01 PM) TraderTim: and all MAIN right?
(4:01 PM) Nick_H_SanDiego: Made $50 shorting es on the close
(4:01 PM) Nick_H_SanDiego: buys dinner
(4:01 PM) TraderTim: dinners on NICK
(4:02 PM) Nick_H_SanDiego: Now with my lower comm's, I net $30
(4:02 PM) TraderTim: anyone that get make $ in a short on a day like today . . . good job woodie and Nick
tomthetrader: again have time to sell /.....
(4:02 PM) Nick_H_SanDiego: Hey I am a believer....the ES contract and Woodies CCI is a good combo....I use the 512 tick chart during market hrs
tomthetrader: I am out of YM and ES and have TF and NQ on a tight wire may get stopped here
(4:02 PM) Nick_H_SanDiego: First 4 figure day trading just es future with CCI
(4:03 PM) ajayvee: sold ES 878 - 887.50
tomthetrader: wow
tomthetrader: AJ !
tomthetrader: That is quite3 a day
(4:03 PM) Nick_H_SanDiego: good job aj
(4:03 PM) Nick_H_SanDiego: congrats
tomthetrader: did I mention we take tips ?
tomthetrader: AJ trader of the day !
tomthetrader: 2 big trades ?
(4:04 PM) ajayvee: "don't eat the yellow snow" how's that for a tip
(4:04 PM) ajayvee: YES! 2 big ES trades makes for a wonderful week!
(4:05 PM) ajayvee: and I've still got some SSO
(4:05 PM) Nick_H_SanDiego: So, Tom when we have these big up days like this, is it a good play to short the ES right about now and ride it down while it deflates over the next few hours?
(4:05 PM) DE_TTT: I was on the road for 4 hours. Felt like TP...but fired up the PC at 330pm and "snap goes the market"!
(4:06 PM) Nick_H_SanDiego: Maybe we should all leave our PC's for a while and get a life!
(4:06 PM) DE_TTT: Agree Nick...I am now officially ready for turkey coma.
tomthetrader: GREAT JOB
(4:11 PM) DE_TTT: Thanks everyone and Happy Thanksgiving! No go and enjoy some Honeybaked Bear.
(4:14 PM) Nick_H_SanDiego: I guess several folks had a 5-figure I feel small with my paltry low 4 figures
(4:14 PM) Nick_H_SanDiego: But at least it's positive and not negative
(4:15 PM) ctmhou: hey Nick, great job using CCI. I need to read more on it.
(4:16 PM) Nick_H_SanDiego: If you go to Woodie's website, they have screen sharing of their system where you can see real time NQ, TF, YM, and GC (gold)
(4:16 PM) Nick_H_SanDiego: The timeframe is really a big difference...I am still playing with timeframes
(4:17 PM) ctmhou: I'll look. Thanks for the heads up on this indicator. One of many.
(4:18 PM) DE_TTT: Thanks, Tom. Enjoy the holdiday with your family.
(4:24 PM) breadman8401: uyg
tomthetrader: ThaNK YOU !
tomthetrader: I am in AWE !
tomthetrader: Thanks DE


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Monday, November 24, 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. HCBK Hudson City Bancorp, Inc. 16.77 2.19% 8,763,632 Buy 11-05-08 10,000 17.15 167700.00 -3800.00 -2.22% 3600.01
2. GILD Gilead Sciences Inc. 42.49 2.48% 7,055,185 Buy 11-05-08 10,000 44.35 424900.02 -18599.98 -4.19% 10300.03
3. MO Altria Group Inc. 15.57 0.52% 21,483,052 Buy 11-14-08 10,000 16.26 155700.00 -6900.00 -4.24% 800.00
4. PM Philip Morris International, Inc. 42.74 11.71% 12,410,999 Buy 11-14-08 10,000 38.41 427400.02 43300.02 11.27% 44800.03
5. T AT&T, Inc. 27.38 8.70% 40,124,360 Buy 11-20-08 10,000 25.28 273820.00 21020.00 8.31% 21919.99
6. VZ Verizon Communications Inc. 30.29 6.39% 21,328,348 Buy 11-20-08 10,000 27 302900.01 32900.01 12.19% 18200.02
7. BGU Direxion Large Cap Bull 3X Shares 32.55 22.05% 6,479,249 Buy 11-20-08 10,000 23.96 325499.99 85899.99 35.85% 58799.99
8. QLD Ultra QQQ ProShares 25.13 12.94% 48,232,788 Buy 11-20-08 10,000 20.63 251299.99 44999.99 21.81% 28799.99
9. FAS Direxion Finance Bull 3X 22.75 42.19% 4,775,674 Buy 11-20-08 10,000 14.65 227500.00 81000.00 55.29% 67500.00
10. UYG Ultra Financials ProShares 5.15 29.40% 173,427,280 Buy 11-20-08 100,000 3.74 515010.02 141010.02 37.70% 117010.02
Total 10 Stocks 13.77% 3071730.05 420830.05 15.87% 371730.08


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. HCBK Hudson City Bancorp, Inc. 16.54 0.79% 2,030,346 Buy 11-05-08 10,000 17.15 165400.01 -6099.99 -3.56% 1300.01
2. GILD Gilead Sciences Inc. 42.31 2.05% 1,730,498 Buy 11-05-08 10,000 44.35 423100.01 -20399.99 -4.60% 8500.02
3. MO Altria Group Inc. 15.62 0.84% 4,131,435 Buy 11-14-08 10,000 16.26 156200.00 -6400.00 -3.94% 1300.00
4. PM Philip Morris International, Inc. 39.72 3.82% 2,254,906 Buy 11-14-08 10,000 38.41 397200.01 13100.01 3.41% 14600.03
5. T AT&T, Inc. 27.64 9.73% 9,313,493 Buy 11-20-08 10,000 25.28 276399.99 23599.99 9.34% 24499.99
6. VZ Verizon Communications Inc. 30.49 7.10% 5,282,113 Buy 11-20-08 10,000 27 304900.00 34900.00 12.93% 20200.00
7. BGU Direxion Large Cap Bull 3X Shares 29.60 10.99% 1,287,747 Buy 11-20-08 10,000 23.96 296000.00 56400.00 23.54% 29300.00
8. QLD Ultra QQQ ProShares 23.93 7.55% 10,111,932 Buy 11-20-08 10,000 20.63 239300.00 33000.00 16.00% 16800.00
9. FAS Direxion Finance Bull 3X 18.99 18.68% 1,347,322 Buy 11-20-08 10,000 14.65 189881.00 43381.00 29.61% 29881.00
10. UYG Ultra Financials ProShares 4.50 13.07% 47,643,200 Buy 11-20-08 100,000 3.74 450000.00 76000.00 20.32% 52000.00
Total 10 Stocks 7.35% 2898381.03 247481.03 9.34% 198381.06

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Thursday, November 20, 2008


"Insider sentiment moved to its most bullish level ever during our 278-week tracking period (dating to the week ended July 29th, 2003) and initial data indicates that insiders are more bullish now than at any time since the two weeks immediately following the Black Monday market crash of October 1987.

The reading can be partially attributed to the SEC's closure on Veteran's Day, which pushed some disclosures into the most recent week. Regardless, our Weekly Score would have still hit a record without the extra data and insiders have been on a bull-run for four weeks now, taking part in an orgy of buying that is broad-based across sectors and market caps.

CEOs are helping to the lead charge, buying at abnormally high rates, and selling in some sectors is almost taboo at this point. Recent history and the irrational behavior of the market and its participants demands caution, but historically such sentiment spikes have signaled a bottom and insiders dropped the bullhorn last week and are now using a stadium PA system to sound their message. The question is whether anyone believes that message."

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Tuesday, November 18, 2008


(2:13 PM) Fulkdaddy: That's what I was waiting for...we end at 882 today
(2:25 PM) ajayvee: RIMM up 8%
(2:26 PM) Alex1978: wow talkabout relative strength
(2:31 PM) thefish102: another flush to new lows?
(2:33 PM) TraderTim: TBills 1 year now zero handle (.99%)
(2:33 PM) ajayvee: plunger protection team
(2:35 PM) ajayvee: bears accepting applications for more members
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(2:44 PM) thomas_Poland: we are hitting -1000 TICK readings one after another
(2:44 PM) thomas_Poland: selling
(2:44 PM) thomas_Poland: Who the hell is selling in new bull market ??? : )
(2:44 PM) thomas_Poland: kidding
(2:46 PM) ajayvee: GS and UYG making new lows
(2:48 PM) thomas_Poland: -1154 TICK
(2:50 PM) JR Roden: Any thoughts on the close?
(2:50 PM) thomas_Poland: positive ??
(2:50 PM) thefish102: sure looks like a trend day down to the close
(2:51 PM) thomas_Poland: Fish .. you are short ?
(2:51 PM) thefish102: nope, wish I was, but I'm long
(2:52 PM) nimesh_: wow, they are really selling the crap out of it now
(2:52 PM) brownmj21: this market is not cooperating... it wasn't supposed to break below 840!
(2:53 PM) ajayvee: wants to kiss 818 goodbye
(2:53 PM) arujunaa: bonds confirming stock woes. no signs of bonds selling off
(2:53 PM) ajayvee: SKF breaks Thursdaay's high
(2:54 PM) thefish102: intra day, this new low was on lower volume, that's about the only positive I can find,
(2:54 PM) ajayvee: c'mon suck us in you market you
(2:54 PM) Fulkdaddy: I can not wait to hear Louise Yamada's thoughts tonight
(2:55 PM) Fulkdaddy: 4:15 est
(2:55 PM) TraderTim: glad you reminded us
(2:55 PM) thefish102: cnbc?
(2:55 PM) TraderTim: webinar
(2:58 PM) ajayvee: wow SHLD down 70% in 7 weeks
(2:59 PM) DE_TTT: Can anyone share a link to Yamada?
(2:59 PM) Fulkdaddy: Have to sign up:
(3:00 PM) DE_TTT: Thanks, FD!
(3:09 PM) ajayvee: okay, who's buying?
(3:09 PM) brownmj21: PPT?
(3:09 PM) thomas_Poland: did you forget ? positive close ?
(3:09 PM) JR Roden: Let's get a short squeeze going here ...
(3:09 PM) Fulkdaddy: To the moon Alice????
(3:10 PM) brownmj21: this must be the market going up on bad news.
(3:10 PM) thomas_Poland: please stop
(3:10 PM) thomas_Poland: we are reacting like a bunch of amateurs here
(3:10 PM) thomas_Poland: we will kill this rally
(3:10 PM) ctmhou: Tom's mic is he talking?
(3:11 PM) brownmj21: no, i think the record made it to the end.
(3:11 PM) ajayvee: he needs to rewind his 8-track
(3:11 PM) brownmj21: lol
(3:11 PM) ctmhou: Which one this time?
(3:11 PM) ctmhou: Good one, Ajay
(3:11 PM) brownmj21: last i remember was some jimmy.
(3:13 PM) ctmhou: Where is the Family Malone? Normally , when his mic is open I hear the goings on of the Malone hosuehold. Interesting at times.
(3:13 PM) ajayvee: what if we had a rally and nobody cared?
(3:14 PM) thomas_Poland: look .. we were not talking until we started rallying
(3:14 PM) thomas_Poland: I think we should shut up
(3:14 PM) thomas_Poland: we killed this?
(3:14 PM) ctmhou: Sorry............
(3:15 PM) thomas_Poland: I am even affraid to say that indicators say we should rally strong
(3:15 PM) thomas_Poland:
(3:15 PM) brownmj21: u could also argue the rally started when tom's music stopped playing.
(3:16 PM) thomas_Poland:
(3:19 PM) thomas_Poland: ok I covered my long .. for all of us
(3:19 PM) thomas_Poland: now look
(3:20 PM) JR Roden: TP thanks for taking one for the team.
(3:20 PM) thomas_Poland: Call me Atos
(3:20 PM) thomas_Poland:
(3:20 PM) ctmhou: Today's Person Pivot S1 is 837.92
(3:21 PM) thomas_Poland: is that THE third swing I was talking about ?
(3:22 PM) thomas_Poland: till 4:15?
(3:22 PM) thomas_Poland: making HOD?
(3:22 PM) thomas_Poland:
(3:22 PM) JR Roden: Let's get all the way up to the 200 SMA at 865.
(3:23 PM) thomas_Poland: this is from 1 pm
(3:23 PM) thomas_Poland: homas_Poland: If we go lower we can go down till 3 pm
(3:24 PM) thomas_Poland: should I listen to myself more ?
(3:37 PM) aszags: there is no volatility today is there?
(3:38 PM) thomas_Poland: Dow positive
(3:38 PM) ctmhou: VIX @ 71........
(3:38 PM) thomas_Poland: Zags Vix is 70
(3:38 PM) thomas_Poland: exactly Craig
(3:39 PM) thefish102: 40 point range in es..........
(3:39 PM) ctmhou: zags, are you wanting a higher VIX?
(3:39 PM) nimesh_: trin supporting this move up?
(3:39 PM) JR Roden: coming up on 50SMA on 5 min chart. This has been trouble twice already today.
(3:40 PM) aszags: just another quiet trading day
(3:40 PM) thomas_Poland: JR stop looking for troubles
(3:40 PM) thomas_Poland:
(3:41 PM) thefish102: rimm having a nice trend day.................
(3:41 PM) thomas_Poland: almost positive Spx
(3:41 PM) JR Roden: Hourly chart shows we set up a nice base right along the 840 line, just like last Thursday. Now let's hope we can get the same finish.
(3:41 PM) nimesh_: my account up big from the low today awesome move
(3:42 PM) ctmhou: Great job, Nimesh.
(3:42 PM) thomas_Poland: Dow +0,8
(3:42 PM) thomas_Poland: Dow should go first from the low .. in my opinion
(3:43 PM) aszags: I still haven't closed out my naked nov 95 qid calls. I am waiting for the 2 million dollar profit
(3:43 PM) nimesh_: haha, az
(3:43 PM) nimesh_: still have mine, but not 2 million profit worth.
(3:44 PM) thomas_Poland: they kill every rally ?
(3:45 PM) nimesh_: they suck, thomas?
(3:46 PM) thomas_Poland: yep
(3:47 PM) thomas_Poland: you see ? ES did not move and they moved down Spx
(3:48 PM) thomas_Poland: in my opinion it is good
(3:48 PM) ajayvee: look at RIMM go!
(3:48 PM) thomas_Poland: Dow 1.11%
(3:48 PM) thomas_Poland: Spx positive?
(3:49 PM) thomas_Poland: indicators said positive close
(3:49 PM) ctmhou: If RIMMcan stay above the 8 EMA on the daily cahrt, it might be worth it.
(3:49 PM) thomas_Poland: in the morning
tomthetrader: yes
(3:50 PM) nimesh_: shorting nq here asa hedge
(3:50 PM) Fulkdaddy: Banks still lagging is a huge concern.
(3:51 PM) Fulkdaddy: No bottom until the banks bottom
tomthetrader: get to tomorrow
tomthetrader: up a point and we are OK
(3:51 PM) thefish102: iwm and nq both lagging
tomthetrader: Bottom has been in for a month it is just a complex bottoming process
(3:51 PM) thomas_Poland: you cover YM Tom?
(3:51 PM) thomas_Poland: from 8200?
tomthetrader: I am out
(3:52 PM) thomas_Poland: and TF from 440 ?
tomthetrader: at the close on both
tomthetrader: MOC
(3:52 PM) aszags: I just sold to open out of the money dec sso calls to hedge my naked qid calls
(3:52 PM) ctmhou: Tom, on a scale of 1-10, what would this market be? 1 being the easiest.
tomthetrader: 11
tomthetrader: Rocket ship
(3:54 PM) ctmhou: Whan volatility leaves, will this be a boring market to you or do we use different tactics?
tomthetrader: whole different tactics
(3:54 PM) Fulkdaddy: Tom, we have the ominous sign of the DOW up 122 and the A/D -1135
(3:54 PM) thomas_Poland: such as?
(3:55 PM) Fulkdaddy: When you saw this on 9-11-08 you warned of a crash...and you were right
tomthetrader: usually happens like this ...tomorrow wil be a better judge I said this morning just 1 point up is BULLISH today
(3:55 PM) thomas_Poland: who loves my morning indicators?
(3:55 PM) thomas_Poland:
tomthetrader: Close HOD
(3:55 PM) thomas_Poland: Tom 3 swings
(3:55 PM) Fulkdaddy: Why would the Naz be trailing here after HP?
tomthetrader: Trend day or key reversal ?
(3:55 PM) Fulkdaddy: ME!
(3:56 PM) thomas_Poland: Tom tomorrow directional move
(3:56 PM) Fulkdaddy: Looks like a key reversal to me???
(3:56 PM) thomas_Poland: hope up but I am affraid ..
(3:56 PM) thomas_Poland: my 828 trade would be a killing .. but I covered so we can rally
(3:57 PM) thomas_Poland: open positions:
(3:57 PM) thomas_Poland: 2 TF at 440
(3:57 PM) thomas_Poland: 2 Ym at 8200
(3:57 PM) thomas_Poland: 20000 UYG at 5.99
(3:57 PM) thomas_Poland: 2 ES at 867.50
(3:57 PM) thomas_Poland: these are short term positions
tomthetrader: thanks
(3:58 PM) ctmhou: Person Pivots say tomorrow can be a down day with S1 @ 806.42 and still moving.
(3:58 PM) thomas_Poland: they want pove my indicators wrong in last 2 mins?
tomthetrader: 150
tomthetrader: order imbalances
tomthetrader: as I said before
(3:59 PM) JR Roden: what happens in the last 15 min?
tomthetrader: got it !
(3:59 PM) thomas_Poland: we rally
(3:59 PM) JR Roden: HOD?
tomthetrader: 150
(4:00 PM) ctmhou: Today Person Pivot is 859.59
tomthetrader: TRUST ME
tomthetrader: who else ?
tomthetrader: 8423.50 closed YM 2
(4:01 PM) ajayvee: what's a person pivot?
(4:01 PM) JR Roden: Oh, I didn't know you meant that's how much the Dow would end up in positive territory.
tomthetrader: 8200-8423.50 YM
tomthetrader: TF we will leave open
tomthetrader: and UYG
tomthetrader: 5.99 -.06 cents
tomthetrader: Got our 150 up
(4:03 PM) nimesh_: got lucky....sold my puts near the bottom
(4:03 PM) nimesh_: tom, what do u expect rest of week?
(4:04 PM) nimesh_: guess for opex close?
tomthetrader: QAVKB 1.10 a buy still
(4:06 PM) ajayvee: RUT still lagging
(4:06 PM) thomas_Poland: ajay .. in my opinion Dow leading here is very good sign
(4:06 PM) thomas_Poland: RUT and Nasdaq later
(4:07 PM) ajayvee: okay!
(4:08 PM) ajayvee: who said HOD at 4:15?
(4:08 PM) pupster1: i still think these markets are carving out a wedge pattern
tomthetrader: Good job AJ
tomthetrader: I think we got the bears back being bears ?
(4:09 PM) thomas_Poland: ajay .. look 3:20 pm
(4:09 PM) thomas_Poland: in Paltlalk
(4:10 PM) ajayvee: I know...just teasing
(4:10 PM) Fulkdaddy: Why are the futures ramping?
(4:10 PM) ajayvee: they heard about a rally tomorrow
(4:11 PM) ctmhou: Cuz we ain't in them, Dave.
(4:11 PM) pupster1: same question here....AH something going on...?
(4:11 PM) nimesh_: damn put my nq hedge too early
(4:11 PM) thomas_Poland: and we came through 200 sma easly ?
(4:11 PM) TraderTim: even through by big fat 200 THOMAS
(4:11 PM) TraderTim: like butter
tomthetrader: GREAT JOB
(4:12 PM) ajayvee: not that great for me, but still I learn a lot
(4:13 PM) aszags: if qid closes below 95 on Friday I make 16500 minus commissions if I hold it and don't close it out before
(4:14 PM) aszags: I am stilling carrying naked 100 qid contracts that I sold to open at 1.65
(4:14 PM) ajayvee: good job zags!!
tomthetrader: GONZAGA ZAGS
(4:15 PM) nimesh_: wow az
(4:15 PM) nimesh_: how many did u sell?
(4:16 PM) aszags: qid is trading after hours at 79.4 but it was up to 87.15 during the day
(4:16 PM) pupster1: u ever lose....?
(4:16 PM) aszags: I sold 100 contracts to open
(4:17 PM) nimesh_: nice zag, only sold 5 myself
(4:18 PM) aszags: Today that qid call position traded to a high of 2.3. If I would have closed it out at that high I would have lost 6500 today
(4:19 PM) JR Roden: sold my SPY options at 4:13pm, for a nice 40% profit. Thanks for the guidance !!!
tomthetrader: JR !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
(4:19 PM) aszags: I took the position that for me to lose the Naz would have to significantly undercut the low of the year by Friday
tomthetrader: Thataboy
(4:20 PM) aszags: I will close out before Friday if there is not much premium left
(4:21 PM) nimesh_: stupid 90 qid calls still 2.1
(4:21 PM) nimesh_: i would close under 50
(4:21 PM) nimesh_: i mean0.5
(4:22 PM) aszags: I also had Nov 90 qid calls yesterday that I closed out yesterday at 2.1
(4:23 PM) ajayvee: thanks tom
tomthetrader: Thank you is not easy ....these have been the hardest bottoms to trade but we have done so and doubled our money
tomthetrader: . We were on the verge of challenging last Thursday's lows when some news about GE Capital came across the wires and lifted the entire tape.
(4:27 PM) thomas_Poland: todays profit 5960
(4:27 PM) thomas_Poland: for TTT
(4:27 PM) nimesh_: az are u going to be selling dec qids?
tomthetrader: Thanks ....Thomas for all the hard work
tomthetrader: DDM was a good play after all
tomthetrader: EVERYONE OK ?
tomthetrader: amazing days we are having
(4:33 PM) thomas_Poland: I will be at 950
tomthetrader: funny how all my Trades are now becoming support and resistance !
tomthetrader: for mainstream

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Monday, November 17, 2008


(4:29 PM) Alert: Hi , Welcome to TTT

(4:29 PM) Alert: This is a G rated room intended for a General Audience including minors. Offensive language is not permitted.
(4:29 PM) Alert: Hi , Welcome to TTT

(5:35 PM) ctmhou: There sure are a lot of bids @ 857.
(5:35 PM) ctmhou: ES
(5:35 PM) ctmhou: That changed quickly
tomthetrader: 850 is the last line in the sand
tomthetrader: E-MINI S&P 500 Dec ’08 19:15:20 EST 856.00 -5.50 862.00 863.00 853.25
tomthetrader: Dow (DEC) -47 | Nasdaq (DEC) -6.75 | S&P 500 (DEC) -6.00
tomthetrader: BUYING NOW IN THIS 854-860 level trying to get up to 20 contracts long ES
tomthetrader: Dow (DEC) -47 | Nasdaq (DEC) -10.00 | S&P 500 (DEC) -5.75
tomthetrader: Dow 8,327.00 -44.00 -0.53
S&P 500 855.80 -5.70 -0.66
NASDAQ 1,144.75 -10.75 -0.93
(8:36 PM) Alert: Your last text messsage was not sent because it contained line feed characters or excess spaces.
tomthetrader: Dow (DEC) -12 | Nasdaq (DEC) -4.00 | S&P 500 (DEC) -1.75
tomthetrader: picked up 10 ES contracts long 854.00 856
tomthetrader: 5 each slot
tomthetrader: E-MINI S&P 500 Dec ’08 22:25:08 EST 862.50 1.00 862.00 863.00 850.00
tomthetrader: 11 contracts long Futures market 100% long
tomthetrader: S&P 500 Dec ’08 22:31:20 EST 864.40 2.90 863.60 864.60 850.40
tomthetrader: Dow 8,405.00 34.00 0.41
S&P 500 865.10 3.60 0.42
NASDAQ 1,159.00 3.50 0.30
(10:47 PM) Alert: Your last text messsage was not sent because it contained line feed characters or excess spaces.
tomthetrader: S&P 500 865.10 3.60 0.42
tomthetrader: $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$4
tomthetrader: 100 here we come ?
(10:52 PM) ajayvee: Nikkei and futures moving up
tomthetrader: Absolutely beqautiful
tomthetrader: E-MINI S&P 500 Dec ’08 22:43:19 EST 865.75 4.25 862.00 866.50 850.00
tomthetrader: 15 points tonight on 11 total
tomthetrader: what a night
tomthetrader: Great week ahead
tomthetrader: E-MINI S&P 500 Dec ’08 23:15:03 EST 869.25 7.75 862.00 869.50 850.00
(11:26 PM) Alert: This is a G rated room intended for a General Audience including minors. Offensive language is not permitted.
(11:26 PM) Alert: Hi , Welcome to TTT

tomthetrader: tremendous rally
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(8:12 AM) thomas_Poland: good morning
(8:21 AM) JR Roden: good morning
tomthetrader: good morning
tomthetrader: cold here in florida
tomthetrader: frost on the pumpkins
tomthetrader: I went to bed happy at S&P 500 Dec ’08 00:01:25 EST 866.80 5.30 863.60 869.20 850.40
tomthetrader: 869.00 was the high at bed time now we are testing 850 ?
(9:04 AM) bogdan07: good morning
tomthetrader: Hi Bog Dan !
tomthetrader: Good Week ahead
tomthetrader: I am happy and ready to roll
(9:12 AM) Alert: This is a G rated room intended for a General Audience including minors. Offensive language is not permitted.
(9:12 AM) Alert: Hi , Welcome to TTT

(9:13 AM) Nick_H_SanDiego: GM everyone
(9:14 AM) TraderTim: GM All
tomthetrader: Hi Tim
tomthetrader: Hi Nick
(9:18 AM) Nick_H_SanDiego: y
(9:18 AM) brownmj21: y
(9:18 AM) ajayvee: y
(9:18 AM) berniectx: y
(9:18 AM) csu30: y
(9:18 AM) breadman8401: y
tomthetrader: Zags is locked out somehow ?
tomthetrader: trying to get himk in
(9:18 AM) aszags: I am in
tomthetrader: OK
(9:19 AM) TraderTim: y
tomthetrader: Whew !
tomthetrader: S&P Micro to Near Term ONLY (CASH 873.29 SPZ8 851.00) Bottom Line : In-line with Friday's analysis, T.A.G. is shifting to a tactically bullish, yes bullish mode of operation
tomthetrader: K.I.S.S. (Keep It Simple Stupid) – 845 / 839 is deemed as pivotal = S&P generally on the OFFENSIVE above 845 / 839, S&P generally on the DEFENSIVE below 845 / 839.
(9:25 AM) thomas_Poland: what is T.A.G?
(9:26 AM) pupster1: are you holding on to any futures positions from pre-mkt and how many at what levels?
tomthetrader: NONE FLat futures ..1 YM from late Friday underwater 200 YM
tomthetrader: will add LIVE with the group
(9:32 AM) pupster1: did you buy last night as u said u would?
tomthetrader: yes I bought 10 contracts and sold at bed time
tomthetrader: 5 each slot
tomthetrader: E-MINI S&P 500 Dec ’08 22:25:08 EST 862.50 1.00 862.00 863.00 850.00
(9:32 AM) Alert: Your last text messsage was not sent because it contained line feed characters or excess spaces.
tomthetrader: Futures gave us a great shot at 850 -860 ES
(9:33 AM) nimesh_: thomas, how are your morning indicators?
tomthetrader: S&P 500 Dec ’08 01:26:01 EST 864.00 2.50 863.60 870.50 850.40
tomthetrader: 850 - 870 range last night
(9:34 AM) Alex1978: let's see what happens this week but my bias is still to the downside until proven otherwise
tomthetrader: I will buy long in here at 8338 YM long 5 no stops
tomthetrader: ES players 856-58
(9:38 AM) Fulkdaddy: Helene: Apparently folks are still playing that bull market game of capitulation lows are bullish and they lead to major rallies. I will say this once again: In a bear market capitulation lows are only bullish for short-term rallies, they are not bullish for real bottoms. A real bottom will come after bases are built. It will come after no one cares if it's a bottom or not.
(9:39 AM) TraderTim: Thx Dave
tomthetrader: Thanks Dave
(9:39 AM) Fulkdaddy: Also, Louise Yamada on Proshares tomorrow and Wednesday after the close
(9:40 AM) Fulkdaddy: #1 technical analyst
tomthetrader: Great
(9:41 AM) Alex1978: good info
tomthetrader: Buying ES here 2 long at 856.00
(9:42 AM) Fulkdaddy: Options expiration as well...yikes. I am still long
(9:44 AM) thomas_Poland: projected low Spx 853
(9:45 AM) DE_TTT: Up day, TP?
(9:46 AM) thomas_Poland: DE I can't tell you .. I will look stupid again if I go against it
(9:46 AM) JR Roden: c'mon you have to tell us ... we all look stupid here sometimes, but your indicator helps us avoid that.
(9:46 AM) DE_TTT: LOL
(9:47 AM) Alex1978: i look stupid all the time!
(9:47 AM) Alex1978: ive perfected teh science of the idiot
(9:47 AM) pupster1: TP....we don't care...we all be right and wrong often
tomthetrader: Buying ES futures again in here
tomthetrader: Can execute longs at 856.00 cash
(9:48 AM) thomas_Poland: I was kidding
(9:48 AM) thomas_Poland: I have to check something today
(9:48 AM) thomas_Poland: PUT buyers
tomthetrader: 4 more long 856.50
(9:48 AM) thomas_Poland: TRIN turning own
(9:48 AM) DE_TTT: I thought I was wrong once...then I found out later I was mistaken.
(9:48 AM) ctmhou: 856.49 is SPX cash S1
(9:48 AM) Fulkdaddy: Die bears!
(9:49 AM) ctmhou: Dave, you're sounding like Thomas.
(9:52 AM) aszags: right now all I have is long limited amount of sso and ddm protected with covered calls
(9:53 AM) Fulkdaddy: How high can we go today Tom?
(9:54 AM) Fulkdaddy: 916?
(9:54 AM) aszags: I am lucky I closed out my naked qid nov 90 calls late Friday although I had hoped to keep them until expiration
(9:55 AM) Fulkdaddy: Rev is optimistic
(9:55 AM) Fulkdaddy: For a bounce
tomthetrader: (9:34 AM) Alex1978: let's see what happens this week but my bias is still to the downside until proven otherwise
tomthetrader: I will buy long in here at 8338 YM long 5 no stops
(9:56 AM) Alert: Your last text messsage was not sent because it contained line feed characters or excess spaces.
(9:56 AM) thomas_Poland: projecte high 933 Spx
tomthetrader: tomthetrader: I will buy long in here at 8338 YM long 5 no stops
(9:57 AM) Nick_H_SanDiego: Tom did you get your 20 es contracts last nite? how many pts did you capture?
(9:59 AM) Nick_H_SanDiego: What was the T.A.G. you mentioned earlier?
(9:59 AM) thomas_Poland: what is T.A.G?
tomthetrader: Craig and AJVEE were the only ones who spoke last night during the futures moves ...may have been more of you out there but were not in the talking mood /
tomthetrader: GM leading
tomthetrader: ????
tomthetrader: RUT UP
(10:03 AM) nimesh_: thomas, how are your morning indicators today?
(10:03 AM) thomas_Poland: have to check them today
tomthetrader: SMH up
tomthetrader: RUT up
tomthetrader: INTC at good buy ?
(10:05 AM) Fulkdaddy: Kass bullish
tomthetrader: Anyone try the 3x ETF's ?
(10:05 AM) thomas_Poland: RUT down
(10:05 AM) Fulkdaddy: Likes Q's over S's
(10:06 AM) pupster1: what are the symbols for the 3x again.........
tomthetrader: will buy again at 856.00 - 860.00 long
tomthetrader: BGU FAS
(10:08 AM) ctmhou: Have you bought FAS, Tom?
tomthetrader: Yes
tomthetrader: 3 buys on FINVIZ
tomthetrader: BGU FAS TNA
tomthetrader: to replicate Futures and options
tomthetrader: The fills are not correct but I would rather be higher than lower !!! Per the last event ..the only fill that matters is yours !
tomthetrader: I am doing very well
tomthetrader: 857.00 buying 2 ES
(10:14 AM) Fulkdaddy: Banks getting crushed
tomthetrader: 8333 YM and 857 ES
tomthetrader: both good BUY areas
(10:15 AM) thomas_Poland: I am affraid we will get tradeable low at 11:15 and on 1 )
(10:16 AM) Alex1978: just an overall observation....on friday, SPX, DJX were able to make new highs on the double top, however, RUT failed to make a higher high which is pretty bearish i think
tomthetrader: Or it could be part of a larger fakeout ?
(10:16 AM) Alex1978: im really trhing to find reasons to long right now but i cant
(10:17 AM) Alex1978: yes, could be...definitely not ruling that out
tomthetrader: really hard mantra for this week is the market will do exactly the oppo you think or we think
(10:17 AM) Nick_H_SanDiego: Got stopped out 855
tomthetrader: BANKS are a problem
tomthetrader: Stopped out 2 ES
(10:18 AM) Alex1978: same w/ Q's too...didnt make a higher high
(10:18 AM) Alex1978: ditto SMH
(10:19 AM) thomas_Poland: projected low 853 Spx
(10:19 AM) thomas_Poland: we are here
(10:19 AM) thomas_Poland: but we will go lower I think
(10:19 AM) thomas_Poland: 11:15 is the time i will try to look at long position
(10:20 AM) Nick_H_SanDiego: es broke 850
tomthetrader: yes adding ES at 850.00 2 long no stops
tomthetrader: very good entry after taking some nice profits this morning
tomthetrader: this will be a week wheras we will rally on bad news
tomthetrader: adding 8 at 852.00
tomthetrader: 10 ES long and 6 YM long
(10:30 AM) JR Roden: Well let's got on with this rally then
(10:31 AM) thomas_Poland: I will go with Tom .. at 11:05-11:15
(10:31 AM) JR Roden: go clock go
tomthetrader: 856.00out
tomthetrader: witchcraft vs. technical /experience and trading skills ?
tomthetrader: still have 2 ES from 850 and the YM from 8333

(10:41 AM) Alert: Your last text messsage was not sent because it contained line feed characters or excess spaces.
tomthetrader: still have 2 ES from 850 and the YM from 8333
tomthetrader: 857.00 sold 2
tomthetrader: from 850 still holding YM longs
(10:45 AM) thomas_Poland: 3800 dollars already today for TTT
tomthetrader: Not included is last nights discretionary gains
tomthetrader: all night are not included in Thomas's numbers
tomthetrader: 740 Gold is really s good place to hold
tomthetrader: Oil should rally this week
tomthetrader: China is looking better
tomthetrader: markt will get deflationary cpi ppi data this week
(10:56 AM) Nick_H_SanDiego: How many contracts, Tom?
(10:57 AM) Nick_H_SanDiego: I will preload my platform to fire
tomthetrader: 2
(10:57 AM) pupster1: there any way as Nick S said that we can set up an auto-trade situation where your ES trades get automatically done for participants on day trade basis....?
(10:58 AM) pupster1: with a firm like OpX
(10:58 AM) Nick_H_SanDiego: Tom, I'd be happy to get some more information from OptionsExpress or TOS about their auto-trade service
tomthetrader: Options express has buy and sell limit options
tomthetrader: yes please Nick
tomthetrader: Thank you
(10:58 AM) Nick_H_SanDiego: We all subscribe to the auto-trade, then you get a data entry screen where you enter the trades, then the broker executes them automatically for all subscribersw
(10:58 AM) pupster1: YES
(10:59 AM) pupster1: this would awsome for Traders !!!!!!!!!!!
tomthetrader: I would be trading your accounts ?
(10:59 AM) thomas_Poland: ok we are close to 11:05 - 11:15 time zone
(11:00 AM) pupster1: yes .... but it's automatically done as it mimicks your trades !!!
(11:00 AM) pupster1: we determine contract sizing
tomthetrader: Fee of 25% COMMISIONS SENT TO ME DAILY /
tomthetrader: lol?
(11:01 AM) pupster1: lol
(11:01 AM) Nick_H_SanDiego: I finally left Schwab on Friday because I am fed-up with them and they can't do futures. So I moved over to OptionsXpress. Well OpX is even worse! They don't have a real-time execution platform, so I've had to setup QuoteTracker this morning.
(11:01 AM) Nick_H_SanDiego: Sure I'll get info
tomthetrader: i USE MY lm AND oPEX FOR OPTIONS AND 2-3X etf'S
(11:02 AM) pupster1: Nick...get info...should be doable
tomthetrader: 850.00 is holding well so far under very bad conditions
(11:02 AM) Nick_H_SanDiego: Looks like we're not gonna get 850 spx here
tomthetrader: not today
tomthetrader: may be off to the races
(11:03 AM) Nick_H_SanDiego: I'm flat. Should I go long?
tomthetrader: 8300 YM
(11:04 AM) TraderTim: a zillion times
(11:04 AM) pupster1: thats why we need auto trades
(11:07 AM) Fulkdaddy: Lets go up...
(11:08 AM) thomas_Poland: It startet 11:05 ??
(11:08 AM) thomas_Poland: now let's hope
(11:08 AM) thomas_Poland: started
(11:11 AM) thomas_Poland: projected low for ES I had 848
tomthetrader: stops in at B.E. on all positions
(11:15 AM) thomas_Poland: I hope we can repeat 20th of October today
tomthetrader: need the banks to rebound
tomthetrader: got to buy these banks on the bottomming process
tomthetrader: AMR CAL look like good MAR 09 calls as well as DE CAT
(11:21 AM) Nick_H_SanDiego: Tom is this getting to be a good long entry for es ?
(11:22 AM) thomas_Poland: boring today/
(11:24 AM) Nick_H_SanDiego: Thomas are you in any futures?
(11:24 AM) thomas_Poland: yes Nick 2 from above
(11:24 AM) thomas_Poland: tha same
(11:25 AM) thomas_Poland: and one today
(11:25 AM) thomas_Poland: lower
(11:25 AM) thomas_Poland: a little
(11:25 AM) thomas_Poland: I wrote about 11:05 ?
(11:26 AM) thomas_Poland: If we make lower low we will go lower till 1 pm
(11:27 AM) thomas_Poland: so better not
tomthetrader: stopped YM positions B.E.
tomthetrader: holding Just 2ES long
(11:29 AM) Nick_H_SanDiego: from what entry price?
tomthetrader: 850
(11:29 AM) Nick_H_SanDiego: thx
tomthetrader: stop 850
(11:42 AM) thomas_Poland: zzzzzzzzzz
(11:45 AM) Nick_H_SanDiego: flag on 5 min es chart
(11:46 AM) Nick_H_SanDiego: Thomas are you going to pass around some Red Bull to the group
(11:47 AM) Nick_H_SanDiego: we need some stimulent
(11:47 AM) DE_TTT: Red Bear?
(11:47 AM) thomas_Poland: Red beer?
(11:50 AM) thomas_Poland: anybody looked at the 5 min chart of October 20th ?
(11:52 AM) Fulkdaddy: Can we break 917?
(11:52 AM) thomas_Poland: yes we can
(11:52 AM) Fulkdaddy: I say yes
tomthetrader: 850 -865 2 ES stops at 865.00
(11:52 AM) thomas_Poland: but now we have to deal with 200 sma
(11:52 AM) Fulkdaddy: High five Thomas!
(11:52 AM) Fulkdaddy: Where is it Thomas?
(11:52 AM) thomas_Poland:
(11:53 AM) thomas_Poland: 869
(11:53 AM) thomas_Poland: on ES
(11:53 AM) Nick_H_SanDiego: we're trying to test the 200sma right now 5 min es chart
(11:53 AM) pupster1: great moves Tom
(11:53 AM) thomas_Poland: we talk about it Nick
(11:53 AM) TraderTim: THOMAS 5min ES at his 200
tomthetrader: 868.00 stops on 2 ES
tomthetrader: 850 -868.00 2 ES long
(11:55 AM) thomas_Poland: ok I will look at a little move down during the lunch hour and buy around 1 pm
(11:56 AM) Nick_H_SanDiego: There is the S1 pivot point at 869.50 on 5 min es chart
tomthetrader: stop 870.00
(11:57 AM) pupster1: 873 - 874 is resistance on es
(11:59 AM) Nick_H_SanDiego: we filled the gap from the opening
tomthetrader: stop 872
tomthetrader: out
tomthetrader: 850 -872 2 contracts Flat now
(11:59 AM) Nick_H_SanDiego: nice 22 es pts
(11:59 AM) pupster1: great move Tom.....
(12:00 PM) ajayvee: atta boy tom!
tomthetrader: Thanks
tomthetrader: Lets get alot more
tomthetrader: RIMM calls
(12:00 PM) berniectx: you have hot hands today TTT
tomthetrader: yes very BULLISH
(12:00 PM) Nick_H_SanDiego: I finally have my futures setup and ready-to-do with OpX and I'm ready for our next futures move
(12:01 PM) thomas_Poland: he is hot
tomthetrader: last night all day last week ..more profits than all the week before
(12:01 PM) thomas_Poland:
(12:01 PM) pupster1: we need auto-trade....we need auto-trade....we need auto-trade....
(12:02 PM) pupster1: 873 res.
(12:03 PM) thomas_Poland: Tom what is your prediction for Friday ? 950?
(12:03 PM) Nick_H_SanDiego: SKF at $172 (2x inverse financials) every time it gets this high it reverses
(12:03 PM) thomas_Poland: anybody looked at all Novemeber options expirations?
(12:03 PM) thomas_Poland: I did
(12:03 PM) thomas_Poland:
(12:04 PM) DE_TTT: What do you mean, TP? Max Pain Theory type stuff?
(12:04 PM) thomas_Poland: we can have very strong rally today at 1 pm
(12:04 PM) thomas_Poland: I love the game .. Max Pain
(12:04 PM) DE_TTT: Or just history of November Options Ex?
(12:04 PM) thomas_Poland: Did you play it DE?
(12:04 PM) DE_TTT: No sir...worth a try?
(12:05 PM) thomas_Poland: great game
(12:05 PM) thomas_Poland: DE look at 20th of October chart
(12:05 PM) thomas_Poland: 5 min
(12:07 PM) Fulkdaddy: Kass: The S&P 500 hasn't been this far below its 200-day moving average on a percentage basis since The Great Depression.
(12:08 PM) Fulkdaddy: I reiterate, this market is closer to the Great Depression than any other in history.
(12:08 PM) Fulkdaddy: Now lets make some money on our long positions!
tomthetrader: dozens of stocks trading below their all time lows from 1999 -2000
tomthetrader: +++++++++++++++++++++++++++++++++++
(12:09 PM) Fulkdaddy: Are we going to close above 917 Tom?
(12:09 PM) ajayvee: another ES run !
(12:10 PM) Fulkdaddy: That would be big-time bullish
tomthetrader: YES
(12:10 PM) Fulkdaddy: Die bears!
tomthetrader: 904 1st stop
tomthetrader: 880 - 888 900 904
(12:10 PM) thomas_Poland: Fulk .. you are going against the trend
(12:10 PM) Fulkdaddy: I am long, UYM, UWM, DIG, SSO QLD and NQ
(12:11 PM) Fulkdaddy: We need you today Tom.
tomthetrader: tomthetrader: stop 870.00
(11:57 AM) pupster1: 873 - 874 is resistance on es
(11:59 AM) Nick_H_SanDiego: we filled the gap from the opening
tomthetrader: stop 872
tomthetrader: out
tomthetrader: 850 -872 2 contracts Flat now
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tomthetrader: tomthetrader: got to take all they will give you
tomthetrader: and then lay low
tomthetrader: and then attack
tomthetrader: when conditions are right the TAPE WILL IGNITE
(12:14 PM) Alert: Your last text messsage was not sent because it contained line feed characters or excess spaces.
tomthetrader: tomthetrader: when conditions are right the TAPE WILL IGNITE
tomthetrader: TTT 24/7 !
(12:16 PM) thomas_Poland: TTT go TTT
tomthetrader: 880.00 will be first real resistance
(12:16 PM) thomas_Poland:
(12:16 PM) thomas_Poland: This is TTT
(12:16 PM) thomas_Poland: saint
tomthetrader: 888.00 next
tomthetrader: 900 then 904 then 910 - 925 and finally 944
tomthetrader: I called the all time low in INTC
(12:17 PM) Nick_H_SanDiego: Tom are you going long again in ES ?
(12:18 PM) thefish102: Tom, I think you are correct about energy prices giving an unexpected lift to the economy this holiday season
(12:18 PM) thefish102: it won't be all wine & roses..........but it will be better than expected
(12:19 PM) JR Roden: I was at a local restaurant this weekend and talked to the owner. He said, business has definitely picked up since gas prices dropped. I know when can fill the mini-van for $37 instead of $84, I sure feel like I've got money to take the Mrs to dinner
(12:20 PM) Fulkdaddy: GS catching a bid
(12:20 PM) Nick_H_SanDiego: Isn't it like a $1 billion tax cut for each penny drop in gas
(12:21 PM) brownmj21: It sure is nice, filled the Tahoe up for $46 vs. triple digits.
(12:21 PM) thomas_Poland: Dave .. did trend change in your opinion?
(12:23 PM) Fulkdaddy: I watch a 10 day chart a professional day trader uses to help make sure he is trading in the direction of the overall looks good here
(12:23 PM) thomas_Poland: what professional day trader uses?
(12:23 PM) Fulkdaddy: Jeff Bierman
(12:24 PM) Fulkdaddy: He did a webinar on day trading on TOS
(12:24 PM) thomas_Poland: What is the address?
(12:24 PM) Fulkdaddy: Very helpful
(12:24 PM) JR Roden: How can we get into that fund you manage/
(12:24 PM) Fulkdaddy: Trader Tim can probably help you find it as Tim found it
(12:24 PM) Fulkdaddy: I see it in my software
(12:25 PM) Fulkdaddy: 880 is Person's Pivot...need to get through here
(12:34 PM) Nick_H_SanDiego: We've got resistance at S2 pivot 877.50 5 min es chart
(12:35 PM) Nick_H_SanDiego: Looks like Person's pivots are really close to the Floor Trader Pivots
(12:35 PM) arujunaa: is anyone else concerned that all of europe's main bourses just closed down about -3.5% today? does this usually lead to a weak U.S. close when we are trading flat to up intra-day?
(12:36 PM) thomas_Poland: What follows what??? That is the question
(12:36 PM) thomas_Poland:
(12:37 PM) arujunaa: so you think europe was following friday's close in the U.S?
(12:37 PM) thomas_Poland: aruj I have the same dillema as you
(12:37 PM) thomas_Poland: I am not sure which one leads .. but think US leads Europe
tomthetrader: agree
(12:38 PM) thomas_Poland: that is why we had bad close .. but the most important is Globex session
(12:38 PM) thomas_Poland: They are glued to the screen
(12:38 PM) arujunaa: i seem to be confused by the price action on a daily basis. good to talk to you after so long thomas.
(12:38 PM) thomas_Poland: good to hear you aruj
tomthetrader: I think US will lead the world and go much higher ....but we have to get these banks actingg better or we are just spitting in the wind
(12:38 PM) thomas_Poland: long time you were quiet
(12:38 PM) thomas_Poland: to long
tomthetrader: Yes ..we need some of the old pros back
(12:39 PM) arujunaa: my wife & i moved to the west coast and started new jobs
tomthetrader: Aruj and Dve are providing alot of services and great research
(12:39 PM) thomas_Poland: aruj where are you now ?
(12:40 PM) arujunaa: google
(12:40 PM) arujunaa: i wash dishes
(12:40 PM) thomas_Poland:
(12:42 PM) Fulkdaddy: Almost breakeven at 1182 on my NQ entry on Friday before golf
(12:42 PM) Nick_H_SanDiego: Dave, you're brave leaving a future open over the weekend and away playing golf!
(12:43 PM) Fulkdaddy: Brave or stupid?
(12:44 PM) Nick_H_SanDiego: both
(12:44 PM) Fulkdaddy: yes
(12:49 PM) Nick_H_SanDiego: Do you have TOS mobile setup on your Blackberry
(12:50 PM) Fulkdaddy: y
(12:50 PM) Fulkdaddy: Can't get charts though
(12:50 PM) Fulkdaddy: Any clues?
(12:50 PM) Nick_H_SanDiego: Nope
(12:51 PM) Nick_H_SanDiego: Don't know if charts works on mobile
(12:52 PM) thomas_Poland: RV here ?
(12:53 PM) DE_TTT: You think we get 885 today, TP ?
(12:54 PM) thomas_Poland: yes
(12:54 PM) thomas_Poland: ES ?
(12:54 PM) thomas_Poland: or Spx
(12:54 PM) thomas_Poland: but we both will get it
(12:55 PM) DE_TTT: SPX cahs
(12:55 PM) DE_TTT: cash
(12:55 PM) thomas_Poland: IF we get a little pullback here and make new high I think we will go up till the close
(12:56 PM) thomas_Poland: a/d line Nyse -221
tomthetrader: when you look at the way we have formed and traded this COMPLEX BOTTOMING PROCESS is very educationally rewarding to me
(12:59 PM) Nick_H_SanDiego: We went right up to 881.50 which is R1 pivot point on es 5 min
(1:00 PM) thomas_Poland: ok 1:10 I am looking
(1:04 PM) thomas_Poland: ok 1:10 close and we are at 200 sma which should act as support now
(1:04 PM) thomas_Poland: hope they will trigger me long here
(1:05 PM) Nick_H_SanDiego: Thomas, what is magic about 1:10 ?
tomthetrader: Seiko indicator !
(1:05 PM) thomas_Poland: it is important for me today
(1:05 PM) thomas_Poland: casio
tomthetrader: Timex was lost in 1999
tomthetrader: I am about to buy long daytrades again
tomthetrader: 867.50 area
(1:06 PM) thomas_Poland: you see ... tom uses timex also
tomthetrader: 8400 Ym area
(1:06 PM) thomas_Poland: Nick .. i wrote before .. today I watch 5 min chart of October 20th
(1:06 PM) thomas_Poland: that's it
tomthetrader: Plastic Rolex from NY NY
(1:06 PM) Nick_H_SanDiego: ok thx
(1:08 PM) Nick_H_SanDiego: Tom hold for 867 or go long here a couple pts higher?
(1:12 PM) thomas_Poland: come on bulls
(1:12 PM) thomas_Poland: we have to hold here
tomthetrader: I think you should enter 2x etfs if you are fearful of futures trades ...but the market will drop in VIX VXN and Price should revove3r up to the 1007 level before Thanksgiving
tomthetrader: buying MSFT nov 20 calls
tomthetrader: would be a way to sheepishly play a rally
tomthetrader: for very small price
tomthetrader: MDY is a great options play now too
tomthetrader: NDX MNX
tomthetrader: very undervalued on a options basis
tomthetrader: once in a lifetime like positions in Mar 09 calls
(1:16 PM) thomas_Poland: not good
tomthetrader: 867.50 Thomas and rally
(1:17 PM) Nick_H_SanDiego: Tom futures at your 867
tomthetrader: Lets buy em
(1:17 PM) thomas_Poland: hope so
(1:17 PM) thomas_Poland: I give it time till 1:30
(1:17 PM) thomas_Poland: and than I forget about it
tomthetrader: I am long with NICK
tomthetrader: what fill Nick /
(1:17 PM) Nick_H_SanDiego: 876.50
(1:17 PM) Nick_H_SanDiego: got in too early
(1:18 PM) thomas_Poland: I will buy above 873
tomthetrader: 867.50 I am long
tomthetrader: 4 long here
(1:19 PM) Nick_H_SanDiego: We have several spinning top, bottoming tail bars here at 867 on es 1 min chart
(1:22 PM) thomas_Poland: one question .. if japanese candlesticks are so good why biggest japanese trading firms use bar charts ?
(1:22 PM) Nick_H_SanDiego: good riddle!
tomthetrader: Poll ? Are you Traders happy with the research / info data I send ? please reply 30 here !
(1:24 PM) Nick_H_SanDiego: YES!
(1:24 PM) thefish102: y
(1:24 PM) ajayvee: y
(1:25 PM) JR Roden: YES
(1:25 PM) aszags: y
(1:25 PM) TraderTim: y
(1:25 PM) thomas_Poland: yes
(1:25 PM) Nick_H_SanDiego: We have a smaller group today...did we lose a few members?
(1:25 PM) berniectx: yes very
(1:26 PM) brownmj21: yes
(1:26 PM) bloomert: yes
(1:27 PM) csu30: yes
(1:27 PM) berniectx: any thoughts on UYM this week Tom?
tomthetrader: Probably the best spec play out there besides UYG
tomthetrader: UYM should be in this rocket out of a bottomming process
tomthetrader: Thank you for the feedback
(1:28 PM) les13436: Tom: Somehow I missed that ES trade you did at 1:18, did you do an audio?? Still OK to buy here?
tomthetrader: 867.50 was our buy area
(1:29 PM) Nick_H_SanDiego: les you may get another entry oppty here shortly
(1:29 PM) Nick_H_SanDiego: we're in a breather right now
(1:29 PM) les13436: Thx
tomthetrader: just off of it now ...yes it is OK to buy around here for a swing trade
tomthetrader: 1:56pm has been buyers lately /
tomthetrader: so we can jump in here
(1:33 PM) Nick_H_SanDiego: Tom you should enter the CNBC challenge....$1 mil prize
(1:34 PM) Nick_H_SanDiego: les you have another entry right around here
(1:36 PM) Nick_H_SanDiego: Tom do you have stop on your 867.50 es?
(1:36 PM) les13436: Got it, long @$867.50 $
tomthetrader: good les ..use it as a swing trade here
tomthetrader: I have place high in the CNBC challenge several times ...won the !st one in the state of Florida 122 overall
tomthetrader: no time now
tomthetrader: can barely get 4 hours of sleep now
tomthetrader: no stop on ES yet
tomthetrader: going to let it maneuver
tomthetrader: lots of bottom callers ..may need a Whoosh to wipe put stops soon /
tomthetrader: SPY nearing UNCH should promote some buying at 1:56pm
tomthetrader: this is typically the weakest time of the day volume illiquid let's see if we can rally into the close
(1:45 PM) thomas_Poland: I am looking forward to see this ran into the close Tom
tomthetrader: anyone wanting to add positions can possibly look at any 2x ETF or 3x etf and or futures options on any major stock to March
tomthetrader: It will be a long week
(1:52 PM) TraderTim: Here is the LINK FULK mentioned to some TOS videos on trading:
(1:52 PM) Nick_H_SanDiego: Thanks Tim...
(1:52 PM) Nick_H_SanDiego: Tom are we getting 1:56 a few mins early
(1:53 PM) thomas_Poland: RUT positive
(1:53 PM) Nick_H_SanDiego: Tom should we put some stops in here to lock-in profits?
(1:58 PM) thomas_Poland: 200 sma here
(1:59 PM) Nick_H_SanDiego: les move your stop up to lock in profit
tomthetrader: again we have our only day trade position at 867.50
(2:07 PM) ajayvee: did we woooosh?
(2:08 PM) thomas_Poland: long
(2:09 PM) Nick_H_SanDiego: I'm learning today to watch the relationship between the TRIN and the /ES
(2:10 PM) thomas_Poland: and?
(2:10 PM) Nick_H_SanDiego: I've never had the TRIN chart up's very helpful to look at the support and resistance on the TRIN chart to estimate reversal points
(2:10 PM) thomas_Poland: thanks
(2:11 PM) Nick_H_SanDiego: Thomas, do you watch a TRIN chart
tomthetrader: DDM 30.51 bought 10000 on margin for day trade swing trade
(2:11 PM) thomas_Poland: yes
(2:12 PM) thomas_Poland: but I use it differently
(2:12 PM) thomas_Poland: I watch the trend of TRIN
(2:12 PM) Nick_H_SanDiego: how do you use it
(2:12 PM) Nick_H_SanDiego: So you put a MA on the TRIN?
(2:12 PM) Nick_H_SanDiego: like a 10 period MA?
(2:13 PM) thomas_Poland: no I just look at trend .. higher highs and lows
(2:13 PM) pupster1: how many futes = ddm
(2:13 PM) Fulkdaddy: I think we rally here
(2:14 PM) Nick_H_SanDiego: pup did you get my spreadsheet?
(2:15 PM) pupster1: what do u mean
(2:15 PM) pupster1: evidently not
(2:15 PM) Nick_H_SanDiego: What's your email address....I'll send it to ya
(2:15 PM) Nick_H_SanDiego: It calcs out the # of shs of the 2x etfs to equal a future contract
tomthetrader: 871.00 stop ES
(2:15 PM) pupster1: oh yes...
(2:15 PM) Nick_H_SanDiego: stopped out ex 873.50, entry 869 4.5 pts
(2:15 PM) pupster1: i remember
tomthetrader: good trade
(2:16 PM) Nick_H_SanDiego: Thx Tom...finally
(2:16 PM) thomas_Poland: pupster we have spreadsheet where we put our IQ
tomthetrader: yes
(2:16 PM) thomas_Poland: is that what you were affraid off?
(2:16 PM) thomas_Poland:
tomthetrader: DDM long now
(2:17 PM) Nick_H_SanDiego: And Pup, with the etfs, you actually have the advantage that you can do less than a full future contract...which is nice for sizing
(2:18 PM) pupster1: money put up is what u mean?
tomthetrader: stopped out 871
(2:19 PM) Nick_H_SanDiego: Thomas do you have the 5min TRIN or 1min?
(2:19 PM) thomas_Poland: 5 min
(2:19 PM) Nick_H_SanDiego: yes
(2:20 PM) thomas_Poland: yes
(2:20 PM) Fulkdaddy: Its rrrrraaaaaaaallllllllllllyyyyyyyyyyyy tiiiiiiiiimmmmmmmmmmmmeeeeeeeeeeee!!!!!!!!
(2:20 PM) thomas_Poland: and if we are in new bull the rally will be strong
(2:20 PM) breadman8401: y
(2:20 PM) brownmj21: rally away!!
tomthetrader: OK
tomthetrader: Pulling out the checkbook !
(2:21 PM) Nick_H_SanDiego: TTT don't jinx it
(2:21 PM) Fulkdaddy: Love Petty
(2:21 PM) thomas_Poland: yeahhh
(2:21 PM) thomas_Poland: make a rally
(2:21 PM) brownmj21: lol
(2:22 PM) Fulkdaddy: Did anyone see Crossroads with Def Leppard and Taylor Swift? It was really good
(2:24 PM) Nick_H_SanDiego: There was your woosh
(2:24 PM) ajayvee: 867.50 again?
(2:24 PM) thomas_Poland: I have to mute tTT
(2:25 PM) Nick_H_SanDiego: Ouch
(2:26 PM) Nick_H_SanDiego: Tom, I think the music jinxed it
(2:26 PM) aszags: is there any volatility here today?
(2:26 PM) brownmj21: no.. he forgot to tell us he was rallying the bears. jk
(2:26 PM) Nick_H_SanDiego:
(2:27 PM) Nick_H_SanDiego: We need a bear and bull emoticon in PalTalk
(2:27 PM) brownmj21: definitely..
(2:28 PM) thomas_Poland: this is bull
(2:28 PM) ajayvee: A/D -1001
(2:29 PM) ajayvee: i think we're woooshing
(2:29 PM) Nick_H_SanDiego: They're just taking it down
(2:29 PM) pupster1: I just noticed that the 50 weekly ema is just about ready to cross the 200 weekly to the downside .... can't be that good
(2:29 PM) Nick_H_SanDiego: So Thomas we have a lower high on Trin 5 min
(2:29 PM) pupster1: on QQQ's
(2:30 PM) Fulkdaddy: I need to know...Tommy are you dancing?
(2:30 PM) thomas_Poland: yes nick
(2:30 PM) thomas_Poland: hope we can have lower low now
(2:30 PM) pupster1: but i'm gonna try mybest to be bullish like Tom.........
(2:33 PM) berniectx: where do you see close today Thomas?
(2:33 PM) thomas_Poland: who knows?
(2:34 PM) berniectx: I look to you and TTT for guidance you are good!
(2:34 PM) thomas_Poland: Dave says we have rally so hopefully up
(2:35 PM) thomas_Poland: I don't like this action but really think we should rally into close
(2:35 PM) thomas_Poland: I am with Tom here
(2:35 PM) thomas_Poland:
(2:35 PM) thomas_Poland: looking a place to go long again
(2:35 PM) DE_TTT: I agree, TP. I don't like this setup any longer. Waiting on the sidelines for a bit.
(2:36 PM) thomas_Poland: I watch 3:00-3:10
(2:37 PM) thomas_Poland: or now is good action
(2:37 PM) thomas_Poland: jsut as I said I don't like it
(2:38 PM) thomas_Poland: ok ... we should see HOD on this rally
(2:38 PM) Alex1978: we MAY get a good short squeeze into close
(2:38 PM) thomas_Poland: if not I am out and don't touch it today again
(2:39 PM) Nick_H_SanDiego: We're back to this 869.50 pivot point
(2:39 PM) Nick_H_SanDiego: as resistance
(2:42 PM) Nick_H_SanDiego: Alex you still long at 867.50 ?
(2:42 PM) thomas_Poland: 200 sma is keeping this thing here
(2:43 PM) thomas_Poland: crowd is watching it and selling?
(2:44 PM) Nick_H_SanDiego: Yup...gotta break 200sma
(2:44 PM) TraderTim: THOMAS if we break your 200 sma we can move right to 880 resistence
(2:44 PM) thomas_Poland: if we break we make HOD
(2:44 PM) thomas_Poland: in my opinion
(2:44 PM) TraderTim: We like your opinion
(2:45 PM) thomas_Poland: some action here
(2:45 PM) JR Roden: You are talking about the 200 SMA on the 5 min chart ... correct?
(2:46 PM) TraderTim: yes 200 sma on 5
(2:46 PM) thomas_Poland: all day we are dancing on it
(2:46 PM) thomas_Poland:
(2:48 PM) thomas_Poland: we have very negative TICK readings today
(2:48 PM) thomas_Poland: a lot of times below -1000
(2:48 PM) thomas_Poland: and we are still up
(2:48 PM) Nick_H_SanDiego: That is strength, right Thomas?
(2:48 PM) thomas_Poland: or at least not down
(2:48 PM) thomas_Poland: yes I think so
(2:49 PM) thomas_Poland: a lot of people selling stocks at once
(2:50 PM) ctmhou: Finally I can hear Boston...........great group.
(2:50 PM) thomas_Poland: so cumulative TICK is close to oversold reading
(2:51 PM) berniectx: I worry that they slam them down last hour
(2:51 PM) thomas_Poland: nah ...
(2:51 PM) thomas_Poland: bernie
(2:51 PM) berniectx: want to buy Thomas
(2:52 PM) thomas_Poland: I want to buy but waiting for better action
tomthetrader: 867.50 long 2 Es
(2:52 PM) thomas_Poland: I was long 3 times and stopped breakeven
(2:52 PM) thomas_Poland:
(2:53 PM) thomas_Poland: I know !
(2:53 PM) thomas_Poland: I should just delete 200 sma from my chart
(2:53 PM) thomas_Poland:
(2:54 PM) JR Roden: good call, then it wouldn't keep knocking us down
(2:54 PM) thomas_Poland: yes
(2:57 PM) nimesh_: thomas, what are thinking now, try go long again?
(2:57 PM) thomas_Poland: I will
(2:57 PM) Nick_H_SanDiego: What do IB and TOS charge for Futures?
(2:57 PM) nimesh_: 2.4 for nq in IB
(2:57 PM) ctmhou: TOS 3.50 both ways on futures
(2:58 PM) nimesh_: can't remeber es
(2:58 PM) berniectx: IB is 2.40 one side ES
(2:58 PM) ctmhou: I should say, each way
(2:59 PM) thomas_Poland: I would not go where the cheapest ES is
(3:00 PM) berniectx: I've used IB for couple years overall is OK
(3:00 PM) thomas_Poland: you were lucky you did not have to talk to anybody?
(3:01 PM) thomas_Poland: all machines
(3:01 PM) berniectx: customer service sucks
(3:01 PM) Nick_H_SanDiego: Yes I know IB cust serv sucks.
(3:02 PM) Nick_H_SanDiego: I just figured out that OpX charges about $9 each way on day today is negative due to commissions
(3:02 PM) Nick_H_SanDiego: ridiculous
(3:02 PM) thomas_Poland: so 18 round turn?
(3:03 PM) thomas_Poland: here goes my last chance 3:10
(3:03 PM) Nick_H_SanDiego: $17.28 round turn with sec fees
(3:04 PM) thefish102: that's really high nick
(3:04 PM) Nick_H_SanDiego: I agree...
(3:05 PM) thefish102: 5 bucks is kinda the standard out there.............less if you are more active
(3:05 PM) thomas_Poland: maybe they have the best clearing
(3:05 PM) Nick_H_SanDiego: big cry from the Cybertrader real-time execution platform I am used to
(3:05 PM) JR Roden: Coming up for another 200 SMA beat down?
(3:06 PM) Nick_H_SanDiego: TraderTim got a good entry at 860
(3:07 PM) TraderTim: tight stop but it has to break that 200 sma of THOMAS's or we are in trouble. Feels like a dice throw.
(3:07 PM) Nick_H_SanDiego: Dice throw
(3:07 PM) Nick_H_SanDiego: and back to Tom's 867.50 mean
tomthetrader: one hour of pleasure or pain /
tomthetrader: RUT holding on looking at IWM 46.00 DEC calls
(3:10 PM) thomas_Poland: TRIN is going sideways just like market
(3:10 PM) thomas_Poland: we got so much pain last few months that it would be nice to get some pleasure
(3:10 PM) TraderTim: the financials are the TELL and they just won't come back this time
(3:11 PM) nimesh_: this market sucks.....kust trading up and down in a small range
(3:11 PM) TraderTim: yep
tomthetrader: pretty large sell program there
(3:12 PM) thomas_Poland: -1210 TICK reading again
(3:12 PM) Nick_H_SanDiego: Tom what do you look at to see the sell program?
(3:12 PM) aszags: I chickened out and took profits. I sold to open 30 nov qid 90 calls at 2.65 and just closed them at 2.1
tomthetrader: Just the volume per and the violent move
(3:12 PM) Nick_H_SanDiego: good trade Zags
tomthetrader: nice Zags ..good day for it
tomthetrader: good rally now
tomthetrader: we will close +
(3:13 PM) thomas_Poland:
tomthetrader: magnetto 867.50
(3:14 PM) aszags: i also have nov qid 95 calls which I sold to open at 1.65 and will try to close those out also
(3:15 PM) thomas_Poland: ok long
(3:15 PM) thomas_Poland: against f..g 200 sma
(3:15 PM) thomas_Poland: this time has to give up
(3:15 PM) thomas_Poland: com on
(3:15 PM) thomas_Poland: come on
tomthetrader: Rally deoll
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(3:15 PM) thomas_Poland: you b....
(3:16 PM) TraderTim: THOMAS del that 200 please quickly
(3:16 PM) JR Roden: 200 SMA doesn't exist .... it doesn't exist ... it doesn't exist ...
tomthetrader: like the support I created at 867.50 ???????????????????????????????
(3:19 PM) thomas_Poland: what the fork?
(3:19 PM) thomas_Poland: really .. this is only line on the chartt
tomthetrader: Magnetto
(3:19 PM) thomas_Poland: ok deleted it
tomthetrader: Just like golf ...using a pencil with eraser !
(3:19 PM) Nick_H_SanDiego: magneto is right!
(3:19 PM) brownmj21: alright-- TP deleted it, lets look for that pop!
tomthetrader: My best wood ...pencil /
tomthetrader: Brownie I am with you
(3:20 PM) ctmhou: Mulligan means that I hit until I like...
(3:20 PM) ctmhou: 862 - 872 semms to be a range at the moment
(3:21 PM) ctmhou: seems
(3:21 PM) ctmhou: I'm starting to write like Thomas.
(3:21 PM) thomas_Poland:
(3:21 PM) thomas_Poland: you talking to me ?
(3:22 PM) ctmhou: Nope, not me.
(3:22 PM) thomas_Poland: good
(3:22 PM) thomas_Poland: did everyone delete 200 sma from the chart ? Who still have it ?
(3:22 PM) thomas_Poland: who is guilty?
(3:22 PM) TraderTim: I made mine THICKER
(3:23 PM) ctmhou: What time frame?
(3:23 PM) thomas_Poland: tiiiiiiiiiiiiiiiiiiiiiiiiim
(3:23 PM) TraderTim: so it would get confused
(3:23 PM) thomas_Poland: you made stronger resistance
(3:23 PM) TraderTim: rats . . .
(3:24 PM) TraderTim: when it hits that many times with low volume does that mean it is just traders trading other traders NO big buyers?
(3:24 PM) Nick_H_SanDiego: The best trade today was the gap fade....should have walked away after thatQ!
(3:24 PM) thomas_Poland: ok that is it for today for me
(3:24 PM) thomas_Poland: this f...g market is driving me crazy
(3:24 PM) Nick_H_SanDiego: TP go have a beer
(3:24 PM) ajayvee: agreed nick, I'm back to breakeven for the day
(3:25 PM) Nick_H_SanDiego: I'm b/e if you ex comm's
(3:25 PM) thomas_Poland: these are sell programs
(3:25 PM) Nick_H_SanDiego: take it right down
(3:25 PM) thomas_Poland: whenever we go to 200 sma we have sell program
(3:25 PM) Nick_H_SanDiego: I wish we could dump stock on the market and be short the future at the same time.
(3:25 PM) ctmhou: Nick, don't you have Thinkorswim?
(3:26 PM) Nick_H_SanDiego: Printing press
(3:26 PM) TraderTim: gotcha Thomas so we are betting against SKY NET
(3:26 PM) Nick_H_SanDiego: Hey Craig, I do have TOS, but my futures approval was granted yet...just got it this morning
(3:26 PM) ctmhou: OK. Cool
(3:26 PM) thomas_Poland: Tim you watch Sarah Connor
(3:26 PM) Nick_H_SanDiego: They tell you 4 days, but it's really only 1
(3:26 PM) TraderTim: Oh YEH love those sexy terminators
(3:27 PM) thomas_Poland:
(3:27 PM) TraderTim: cool
(3:27 PM) TraderTim: Tom your 867 level is amazing today
(3:27 PM) Nick_H_SanDiego: Like a dog on a leash
(3:28 PM) brownmj21: tom, i thought you were breaking out the checkbook to write a bailout for plan for the market??? we're waiting!!!
(3:28 PM) thomas_Poland: anyone .. is it distribution or accumulation?
(3:30 PM) thomas_Poland: hey .. noone good at TA?
(3:30 PM) ajayvee: i enjoy a little T&A every now and then
(3:30 PM) berniectx: you are my only TA Thomas...are you accumulating?
(3:31 PM) Nick_H_SanDiego: Each one of these pivot highs on the ES 1 min chart is lower highs
(3:31 PM) thomas_Poland: LOL bernie
(3:32 PM) thomas_Poland: I was hoping for Dave
(3:32 PM) Nick_H_SanDiego: I'm ready to distribute !
(3:32 PM) thomas_Poland: he screamed at Tom it is rally so I though it is
(3:32 PM) Nick_H_SanDiego: No remember go contrary to Thomas
(3:32 PM) brownmj21: Nick... each of the pivot highs are lower--are the pivot lows getting higher or lower?
(3:32 PM) Nick_H_SanDiego: higher.
(3:32 PM) Nick_H_SanDiego: so compressing into a triangle
(3:32 PM) berniectx: last 30 minutes...
(3:33 PM) brownmj21: which means we should have a breakout in one direction or the other ?
(3:33 PM) Nick_H_SanDiego: Right...usually direction of the underlying trend (90% prob)
(3:33 PM) Fulkdaddy: KRE (banks) are up!
(3:34 PM) Nick_H_SanDiego: Which I can't even tell which way the underlying trend is !!!!
(3:34 PM) Nick_H_SanDiego: ouch
(3:34 PM) Nick_H_SanDiego: well there is our first lower low
(3:34 PM) brownmj21: depends which chat you use and how far back we're looking.
(3:34 PM) Nick_H_SanDiego: right
(3:34 PM) berniectx: TRIN rising
(3:34 PM) Nick_H_SanDiego: The 5 min chart gives a completely different pic than 1 min chart
(3:34 PM) Nick_H_SanDiego: The Deadly Sin of Switching Timeframes
(3:35 PM) thomas_Poland: Why nick different pic ?
(3:35 PM) brownmj21: I usually like the 5 min and 3 min charts. the 1 min plays with my emotions to much.
tomthetrader: RUT still +
(3:37 PM) Nick_H_SanDiego: That was a significant breakdown
(3:37 PM) ajayvee: coming thru the bottom side
(3:37 PM) JR Roden: Looks like we're breaking below the channel from teh past two hours
(3:37 PM) thomas_Poland: this new low in consolidation is not good
(3:37 PM) Nick_H_SanDiego: I like 5 may favorite
(3:37 PM) JR Roden: low volume, but still a new lwo
tomthetrader: they have to play their games
tomthetrader: and they will see about how fun it is to get blown out of positions soon
(3:38 PM) pupster1: anyone getting tired of this...???
(3:38 PM) thomas_Poland: Did not want to scare you but in the morning i got negative reading
tomthetrader: we will start to rally on bad news this week which will be the end of this selling pressure
(3:38 PM) thomas_Poland: yes pupster I am tired
(3:39 PM) ajayvee: very tired
(3:39 PM) JR Roden: You should tell us that in the morning so we know to short those times when it's looking overbought
tomthetrader: just part of Casino Ryale
tomthetrader: have to hold just to play
(3:39 PM) thomas_Poland: I wanted to go long and did not want Nick call me names
(3:39 PM) thomas_Poland:
(3:40 PM) thomas_Poland: 3:45 is the last chance
(3:40 PM) thomas_Poland: for 30 min rally in ES
tomthetrader: 8368 YM 2 long
(3:41 PM) Nick_H_SanDiego: TP stay out too risky
(3:42 PM) Fulkdaddy: Kass at 3:20 pm: As we approach the scariest hour of the day, I am maintaining my optimistic stance and i remain a buyer on weakness.
(3:42 PM) TraderTim: thx FULK
(3:43 PM) ajayvee: I think I will stay satisfied with breakeven (less commissions)
(3:43 PM) thomas_Poland: Dave we wanted the rally you were screaming about
(3:43 PM) thomas_Poland: where is it ?
(3:43 PM) thomas_Poland: your fault?
(3:43 PM) Fulkdaddy: But Thomas....I have my rally cap on!
(3:44 PM) Fulkdaddy: And I was dancing to Tom's music
(3:44 PM) Nick_H_SanDiego: There's 4 pts for ya
(3:44 PM) ajayvee: 3:45 rally
(3:44 PM) Fulkdaddy: It's raallllyyyy tiimmmeee!!!
(3:45 PM) Fulkdaddy: How about 5% in 20 minutes like Friday only up this time
(3:45 PM) thomas_Poland: let's do that Dave
(3:45 PM) thomas_Poland: With such bad TICK reading we should be much much lower
(3:46 PM) thomas_Poland: but we are not (yet
(3:46 PM) thomas_Poland: so somone was buying /
(3:47 PM) Fulkdaddy: Today is options expiration on this why it is down?
(3:50 PM) thomas_Poland: will they do it again?
(3:52 PM) berniectx: done..see ya tomorrow be careful
(3:54 PM) Fulkdaddy: GS broke down
(3:54 PM) Nick_H_SanDiego: ouch
(3:55 PM) thomas_Poland: yes nick .. they had to do it
(3:55 PM) thomas_Poland: just insane
(3:56 PM) Fulkdaddy: GS down7.5%
(3:56 PM) Nick_H_SanDiego: 850 ish is next level ?
(3:56 PM) Fulkdaddy: And in free fall
tomthetrader: need those bears to go back to be bears !
(3:58 PM) Nick_H_SanDiego: Do I hear LOD again
tomthetrader: get those stops and buy Long 850 ES
(3:58 PM) brownmj21: isn't it the time of year for them to be in hibernation??
tomthetrader: Got 5 long ES
tomthetrader: 850.00
(3:59 PM) Nick_H_SanDiego: There weren't enough butterflies for them to fatten up
(4:00 PM) Nick_H_SanDiego: incredible
(4:00 PM) Nick_H_SanDiego: We got a spike on TRIN to 1.51
(4:01 PM) Alex1978: the name of the game is stay short in my opinion...too many ppl trying to buy into the market
(4:01 PM) thomas_Poland: 2 YM
(4:01 PM) Nick_H_SanDiego: Someone just observed that we haven't been this far away from the 200ma since The Great Depression
(4:01 PM) Alex1978: as i said earlier, im staying short until proven otherwise
tomthetrader: Market ended where it started
(4:02 PM) Nick_H_SanDiego: Alex did you have some wins today?
(4:02 PM) thomas_Poland: Alex was quiet for today .. waiting for his money
(4:02 PM) Alex1978: i scalped here and there but nothing big on the long side...everythingi made today was short
(4:02 PM) Alex1978: ive just learned to trade w/ the trend that's all
(4:03 PM) Alex1978: a lot of the technicals tell me to stay short
(4:04 PM) Fulkdaddy: Good job Alex
tomthetrader: We just need to keep the bears ...bearish
(4:05 PM) Alex1978: i totally agree with all of you that a rally is coming up but until i see concrete proof of it i ahve to stay short
tomthetrader: still held our support and still running a good game but the banks failed us today
tomthetrader: we rallied 300 points ! Just from lower levels
(4:06 PM) Alex1978: that was nothing but a short squeeze, on little volume at that
tomthetrader: good thing about it is you can short ..go long or go to cash
tomthetrader: or whine ?
tomthetrader: I amnot one to whine
(4:06 PM) thomas_Poland: Tom 6700 dollars realized gain today .. and that all beeing on the wrong side ??
tomthetrader: I would rather take what they give me
(4:06 PM) Alex1978: im licking my lips on a potential rally though
tomthetrader: and today we did a good job in the casino .
tomthetrader: Just think what would happen if we ever rallied !
tomthetrader: retesting that 850.00 area
tomthetrader: China is acting well
tomthetrader: hope it doesn't cave on our market news
tomthetrader: Banks are just trouble...never thought they would be a sore spot again but they are now at new lows
tomthetrader: XLF UYG ...GS
tomthetrader: all areas from the lows
(4:09 PM) Fulkdaddy: Citi cutting 50,000 on top of 23,000 already out
tomthetrader: RUT held in til final 30 minutes
(4:09 PM) ajayvee: MER down 11% today
tomthetrader: CITI down 80%
tomthetrader: BAC also
tomthetrader: all the ones we sent in the morning charts
tomthetrader: we had the right charts to watch !
(4:10 PM) ajayvee: RIMM had a good day +2.25
(4:10 PM) Nick_H_SanDiego: Tom do you watch the Yes/EUR cross? Gartmen was saying that perfectly predicted the 350 pt break on Dow on Friday
(4:10 PM) Fulkdaddy: GM is the only green on my screen.
tomthetrader: RIMM DTO TWM
(4:11 PM) Alex1978: nick, didnt he also say that if it breaks 126 to the upside that the bear market was over????
tomthetrader: are the greens on my screen
tomthetrader: 13.00 INTC OUCH
(4:12 PM) Nick_H_SanDiego: Might have Alex...didn't read it that closely...was more interested in that being an indicator for the equity mkt direction
(4:12 PM) Alex1978: cool
(4:12 PM) thomas_Poland: AA -10%
(4:12 PM) Nick_H_SanDiego: Well now the risk/reward on the Cisco options is like 1:100 so maybe they'll explode by Friday.
tomthetrader: you are out right ?
(4:13 PM) Nick_H_SanDiego: Crandall was on CNBC today talking about all the nickle-and-dime fee add-ons
(4:13 PM) Nick_H_SanDiego: I'm flat
(4:13 PM) Nick_H_SanDiego: Oh, no, still own the options...
(4:13 PM) Nick_H_SanDiego: but only $600 cost I'm holding them now
tomthetrader: RIMM acted well in a POOR close
(4:14 PM) Nick_H_SanDiego: RIMM just seems really cheap
(4:14 PM) Nick_H_SanDiego: All the ads for the new BB touch are playing out here...that is really cool new product
tomthetrader: yes ..too many good products
(4:14 PM) ajayvee: it was cheaper this morning
(4:14 PM) Nick_H_SanDiego: The new Blackberry that competes with iPhone...pretty cool...I want one
tomthetrader: VIX 70.00
(4:15 PM) Fulkdaddy: Thursday's gains are all gone already
(4:15 PM) Fulkdaddy: Back at Wednesday's close
tomthetrader: Back to last night
tomthetrader: we were trading 850 last evening Dave !
(4:16 PM) Fulkdaddy: yes
tomthetrader: just 6.5 hours of churn and burn casino Royale
tomthetrader: 850-885
tomthetrader: range end on the lows like another Trend day ?
tomthetrader: the 40th since September
(4:17 PM) Fulkdaddy: Turnaround Tuesday?
tomthetrader: Yes got to be or we will have new lows again
tomthetrader: this is a COMPLEX BOTTOMING PROCESS
(4:18 PM) Fulkdaddy: What level do we have to break to get you to go short here Tom?
tomthetrader: right here
tomthetrader: I will start shorting tonight
tomthetrader: if we start to break down
(4:19 PM) Alex1978: doesnt it rally seem weird to you guys that we've come down all this way, but not yet tested the 2002 lows??? talk about unexpected...most people are not talking about that
tomthetrader: all my stops would be set at 48.00 reverse short
tomthetrader: There are so many problems and most revolve around uncertainty as most have never witnessed the carnage
tomthetrader: and most are now out of the market
tomthetrader: the ones left or speculators like us who can go both ways
(4:20 PM) pupster1: just looked at qqqq monthly and 20 which is 2002 lows seems looming for 2009...i don't know but that's depressing....!!!!
(4:20 PM) Fulkdaddy: I heard all the smart money on Wall Street have been sitting on their hands
tomthetrader: the insiders and big Smart money thinks the retest has to be hard
tomthetrader: they keep telling us how hard it is going to be and they are right 1
tomthetrader: this is like pulling teeth
(4:21 PM) Nick_H_SanDiego: We're almost there...about 95% retracement thus far to 2002 lows
tomthetrader: NH NL still diverging
tomthetrader: as stocks ex banks seems to have put in long term lows
tomthetrader: OK
(4:22 PM) Alex1978: also, on a closing basis COMPQ is at new lows for the year...that is VERY telling of more downside
tomthetrader: We will be at it tonight ...and see if 850.00 holds
tomthetrader: Agree
(4:24 PM) Alex1978: BUT, i agree tom...the positive divergences are big which just gives us a very mixed picture
tomthetrader: all indicators just neutral at best
tomthetrader: no real improvement
tomthetrader: nothing to indicate a BUY signal for several days