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
(2:35 PM) Alert: ====SECURITY BULLETIN!=======
Paltalk will never send emails with attachments! NEVER open any attachemnts unless you are absolutely sure they are free of viruses and trojans! DONT BE FOOLED by fake 'support' letters or surveys that claim to be from PalTalk! PalTalk will NEVER request personal informaion in an email unless YOU contact us with a problem with your account first. Always check the header of any email that claims it is coming from PalTalk.
(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: https://profunds.webex.com/profunds/onstage/g.php?d=716343452&t=a
(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 on......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 ..like 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: Zags....do 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 ...it 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

Please Join today before the rates double !

$499 for 08 and 09 Traders Group

$125 E-mail service

PayPal to : tomandprisha@msn.com



No comments: