Tuesday, December 30, 2008


tomthetrader: Good morning
tomthetrader: Nice pop in futures
tomthetrader: looking to FADE
tomthetrader: unless a/d line is 3-1 +
tomthetrader: I have a Dr. appt. and will miss the 1st hour
tomthetrader: will be back by 10:30 am
(8:11 AM) Fulkdaddy: GM Tom
tomthetrader: again : looking to Fade the open gap
tomthetrader: Hi Dave
tomthetrader: If you are going to be here please pass the word
(8:11 AM) Fulkdaddy: Should I hold my short NQ or sell now and reenter?
(8:11 AM) Fulkdaddy: I will
(8:12 AM) Fulkdaddy: If you want me to give a quick audio update with your thoughts, send me an e mail or call me and I will do that. 248-670-9823
(8:16 AM) Fulkdaddy: yes
(8:19 AM) Fulkdaddy: Got it
tomthetrader: Great
tomthetrader: Just sent the e-mail and out the door ...should be a positive 1st hour trailed by some selling
tomthetrader: if it can't even last an hour ..look out ...and add shorts
tomthetrader: IF it can hold and looks healthy add longs
(8:33 AM) bogdan07: gm
tomthetrader: Ho Bog Dan
tomthetrader: How are you ?
(8:34 AM) bogdan07: hi Tom
tomthetrader: Looks like a good full day of trading
tomthetrader: maybe fade the gap up ..or run with some strength
tomthetrader: E-MINI S&P 500 Mar ’09 08:25:07 EST 875.50 5.00 870.25 879.50 869.50
tomthetrader: 880.00 is resistance then 888.00 then 900
(8:44 AM) RetteTen4: Morning
(8:44 AM) berniectx: good morning all
(8:58 AM) RetteTen4: me short...anyone else?..small M pattern on 15min futures
(8:58 AM) thomas_Poland: I am always affraid to short with 200 sma support
(8:59 AM) RetteTen4: true..making my stops tight...
(9:00 AM) RetteTen4: one min looks like H&S and 15 M pattern...dang will be a sweating trade I think
(9:00 AM) DrFunny4Youth: is any one there
(9:01 AM) thomas_Poland: new member?
(9:01 AM) RetteTen4: where is there? lol
(9:01 AM) thomas_Poland: you have really small font again
(9:02 AM) RetteTen4: here we go...now where are colours hmm must be designer colour lol
(9:02 AM) RetteTen4: found it
(9:03 AM) thomas_Poland: maybe better stay with black??
(9:03 AM) DE_TTT: Do you like the long side here, TP?
(9:03 AM) RetteTen4: lol I like orange....laughing
(9:04 AM) thomas_Poland: DE
(9:08 AM) DE_TTT: Does that mean you are you still under a gag order, TP ?
(9:09 AM) thomas_Poland: did not understand DE
(9:09 AM) thomas_Poland: nothing changed .. dumb as always
(9:09 AM) RetteTen4: lol u
(9:09 AM) DE_TTT: Sorry...does that mean don't like long side or just not saying?
(9:12 AM) thomas_Poland: I am not giving my sh...y analysis anymore
(9:12 AM) thomas_Poland: more confusioin than any good
(9:12 AM) thomas_Poland: I just have some comments (more facts about market) from time to time
(9:12 AM) tcb66: aruj - Any thoughts on this bond sell off? buying opp?
(9:13 AM) DE_TTT: OK...fair enough, TP. Sometimes good to turn over a new leaf for the new year.
(9:15 AM) RetteTen4: going on some sites...gee is hard to deal with some people's ego...in the end does not matter who is right or wrong...just that money is being made
(9:16 AM) thomas_Poland: Are you saying I have ego?
(9:16 AM) thomas_Poland:
(9:17 AM) RetteTen4: not at all....laughing....so far found this place real nice
(9:17 AM) thomas_Poland: great short by the way
(9:17 AM) berniectx: Your short trade looks good for open Ani
(9:17 AM) RetteTen4: was just saying that some of the sites I was on...gee the fighting about who is right or wrong...gets to one in the end...I hate it
(9:18 AM) thomas_Poland: Ani ... here I am always right .. everybody knows that
(9:18 AM) thomas_Poland: right DE?
(9:18 AM) RetteTen4: lol u
(9:18 AM) RetteTen4: so great to see some humour
(9:18 AM) berniectx: Thomas the Gandsk Hammer is always right!!
(9:19 AM) RetteTen4: this short worries me..trying to hold and not close hmmm
(9:19 AM) thomas_Poland: greed
(9:19 AM) thomas_Poland: bernie .. Gdansk
(9:19 AM) berniectx: new I spelled wrong sorry
(9:19 AM) RetteTen4: think is risky
(9:19 AM) aszags: y
(9:19 AM) thomas_Poland: oh my god .. who is that ?
(9:19 AM) thomas_Poland: Tim Knight?
(9:20 AM) Bert_TTT: soft volume, Dave
(9:20 AM) bogdan07: y
(9:20 AM) RetteTen4: closing
(9:20 AM) thomas_Poland: LOL
(9:20 AM) DE_TTT: y
(9:20 AM) ajayvee: sounds good
(9:20 AM) berniectx: morning Dave
(9:20 AM) Bert_TTT: y
(9:20 AM) Fulkdaddy: Audio check in 1 minute for Tom
(9:20 AM) RetteTen4: audio is good
(9:20 AM) thomas_Poland: Dave we have visitor
(9:21 AM) RetteTen4: audio is going on and off
(9:21 AM) berniectx: breaking up Dave
(9:22 AM) Bert_TTT: cutting in and out
(9:22 AM) RetteTen4: now can't hear
(9:22 AM) Bert_TTT: y
(9:24 AM) Bert_TTT: Have them check this am email from Tom
(9:27 AM) RetteTen4: geee
(9:36 AM) berniectx: AD +814
(9:37 AM) JR Roden: Thanx Bernie
(9:38 AM) Fulkdaddy: A/d 2/1 so not 3 to 1 yet
(9:46 AM) RetteTen4: I have3 upside targets and one downside hmmm
(9:46 AM) thomas_Poland: I prefer not to say what my downside target for today is
(9:47 AM) thomas_Poland: hope we will not get there
(9:48 AM) RetteTen4: my downside target is 8 335 dow futures...but that does not mean it will get there today
(9:49 AM) thomas_Poland: be carefull at 10:00 .. news
(9:50 AM) RetteTen4: sorry got booted
(9:51 AM) redliontrader: trin moving up, tick down
(9:52 AM) RetteTen4: I was taught that when a candle makes a double bottom...the tail part of both the candles is the same....either the high or the low....price will always come back to break that high or low....even if it breaks it by one point.....I make a line then when that happens and use it as targets then...
(9:52 AM) RetteTen4: mean candles must be next to each other...gosh hope explained it well.......nice to have a target....just when it will do it...can be a few days though
(9:53 AM) redliontrader: short 1 ym
(9:54 AM) redliontrader: going for Tom's fade
(9:54 AM) JR Roden: Ani - so explain how your candles example applies to the current chart.
(9:54 AM) JR Roden: Please
(9:56 AM) RetteTen4: I am not very good at explaining that well....but will try......today three times on the dow futures candles are next to each making a double top and one double bottom...I will give u the price...so u can see on ur graph....price will break those levels....only problem one does not know when...but when price heads to that direction then u I use it as a target
(9:56 AM) RetteTen4: on dow futures 5 min....candle double top 8 550.....8 523..... 8512
(9:57 AM) RetteTen4: those will break
(9:57 AM) RetteTen4: and double bottom candle at 8 335
(9:57 AM) RetteTen4: hell excuse my typos eeeeeeeeeeek
(9:57 AM) JR Roden: great. thanks
(9:59 AM) Fulkdaddy: A/D only got to 2.4 to 1
(9:59 AM) RetteTen4: does it make sense...I mean did I explain all right...so easy to show it on a graph....at times I do that in each time frame...when u see the candles next to each making a double top or bottom lets say on a four hour chart...it took 9 days to break that level...
(9:59 AM) Fulkdaddy: Now 2 to 1
(9:59 AM) RetteTen4: that was my longest
(9:59 AM) Fulkdaddy: Worst shopping season since 1970
(9:59 AM) Fulkdaddy: Case Shiller down 18% yoy
(10:00 AM) Fulkdaddy: Consumer confidence way below estimates at 38 vs. 44.7 in November...lets see how the market reacts to the news
(10:00 AM) Fulkdaddy: Good time to short IMHO
(10:01 AM) Fulkdaddy: Short NQ
(10:01 AM) redliontrader: tom's fade is working perfect
(10:01 AM) Fulkdaddy: Yes, he called it again
(10:01 AM) RetteTen4: can u explain to me what u mean by a "fade" pls
(10:02 AM) Fulkdaddy: Go opposite the gap, Rette
(10:02 AM) Fulkdaddy: Gap up so to fade it is to short
(10:02 AM) RetteTen4: ok thanx....
(10:02 AM) RetteTen4: learning the way u speak lol ty
(10:03 AM) Fulkdaddy: Initially, the market is handling the news quite well!
(10:04 AM) JR Roden: Yeah, that's a big bounce back up.
(10:05 AM) berniectx: horrible eco data hard to play
(10:06 AM) redliontrader: add 1 ym short
(10:11 AM) redliontrader: NAZ strong, dow lagging
(10:11 AM) RetteTen4: don't know if I should close....cos M pattern normally goes back up to the neck
(10:11 AM) thomas_Poland: NQ and TF still above close prices from yesterday
(10:12 AM) RetteTen4: oh ok thanx redlion
(10:12 AM) thomas_Poland: ES above yesterday highs
(10:12 AM) redliontrader: TP Lower from here I think?
(10:12 AM) thomas_Poland: the only one
(10:12 AM) thomas_Poland: as you wish
(10:13 AM) RetteTen4: one of my downfalls...always close too quick lol
(10:14 AM) redliontrader: maybe not ani, I am about to be stopped out on my YM's
(10:14 AM) redliontrader: BE YM
(10:14 AM) RV_trader: Consumer COnfidence 38vs45 anbd market not dropping this was a record low
(10:16 AM) redliontrader: TP, you were suppose to make it go lower
(10:16 AM) thomas_Poland:
(10:16 AM) RetteTen4: knowing this will go up to the neck...but not easy to trade..hmmm dang
(10:16 AM) RetteTen4: don't always have the nerve lol
(10:17 AM) redliontrader: oil dropping, 38.59
(10:17 AM) JR Roden: Oil dropping is typically negative for the market lately ... correct/
(10:17 AM) TraderTim: A/D: +983
(10:18 AM) RetteTen4: is not positive then?
(10:18 AM) RetteTen4: yikes not too sure
(10:20 AM) Fulkdaddy: Oil dropping has been negative
(10:22 AM) JR Roden: SPY bounced right off it's 13EMA on 5 min chart ... a very common spot for a bounce.
(10:22 AM) RetteTen4: thanx...
(10:22 AM) JR Roden: Red - you still short?
(10:22 AM) redliontrader: out YM at BE
(10:23 AM) JR Roden: good work
(10:23 AM) redliontrader: learning to stay true to those stops
(10:23 AM) RetteTen4: I did not take a quick long....wanted to..seemed too risky
(10:23 AM) JR Roden: I need to get better at honoring those stops.
(10:23 AM) TraderTim: A/D: +1178
(10:25 AM) RetteTen4: I got burnt a few times trading M pattern...made nice points on the drop and next thing it jumps right back up to the neck again and my points are gone....was ouch
(10:26 AM) thomas_Poland: only TF did not make new high
(10:28 AM) RetteTen4: broke first target of 8 523
(10:28 AM) thomas_Poland: Ani where is this candle theory from?
(10:29 AM) thomas_Poland: any book or just from experience?
(10:29 AM) Fulkdaddy: Almost 3 to 1 A/D
(10:29 AM) RetteTen4: thomas I will email it to u....it works so well...I paid for a course and was taught this
(10:29 AM) thomas_Poland: tp10@wp.pl
(10:29 AM) RetteTen4: I don't have a book though..just that theory
(10:30 AM) thomas_Poland: ok .. thanks
(10:30 AM) JR Roden: Ani - please email it to me as well.
(10:30 AM) RetteTen4: I will email Thomas and he can pass on
(10:30 AM) thomas_Poland: you paid for the course .. please e-mail course info also
(10:30 AM) thomas_Poland: I like to learn new stuff
(10:30 AM) RetteTen4: is nice to know what price will break....just when it will do ...don't know
(10:30 AM) thomas_Poland: and watch if I can use it
(10:31 AM) thomas_Poland: I love timing
(10:31 AM) thomas_Poland: I work on time more than on price
(10:31 AM) RetteTen4: has helped me when I am in a wrong trade....then I leave the trade
(10:31 AM) RetteTen4: I have just started learning about price...so much I must still learn
(10:31 AM) TraderTim: FULK: Did you see that GMAC (now being a bank) can now make auto loans to people with only 620 FICO scores versus the way they used to with 700 (with money from taxpayers)? Isn't making subprime loans what got us in the trouble in the first place????
(10:32 AM) RetteTen4: almost second target breaking
(10:32 AM) RetteTen4: and I did not go long...dang
(10:33 AM) RetteTen4: I don't know what I am allowed to say here or not
(10:33 AM) RetteTen4: but I just watched a video on seasonality...was real interesting
tomthetrader: 3-1 Positive A/D
tomthetrader: welcome back
tomthetrader: this is what we were looking for to confirm up move
(10:34 AM) RetteTen4: welcome back Tom
tomthetrader: we have a hour in
tomthetrader: Thank you
tomthetrader: 880 resistance
tomthetrader: but with the strength it may not hold
tomthetrader: I hate Dr.s
tomthetrader: Oh well
(10:35 AM) RetteTen4: I don't mind them...as long as I don't date them LOL
tomthetrader: shorting ES at 880.00 ....yes Dr.'s are notorious ?
tomthetrader: Only marry Dr.'s don't date them ?
tomthetrader: Thomas ?
(10:36 AM) RetteTen4: hell no ways
tomthetrader: Oil dropping
(10:36 AM) RetteTen4: would never marry a doc lol
tomthetrader: should we short here in spite of a/d line ?
tomthetrader: or go with the strength
(10:37 AM) TTTMichael: yes
(10:37 AM) RetteTen4: yes it was ty
(10:38 AM) JR Roden: So did you go short on ES?
(10:39 AM) thomas_Poland: 15 min chart on 200 sma
(10:40 AM) thomas_Poland: we are in dangerous position momentum wise
(10:40 AM) thomas_Poland: 5 min overbought . .15 min overbought
(10:41 AM) TraderTim: A/D: +1290
tomthetrader: sitting right on this 880
(10:51 AM) TraderTim: y
(10:51 AM) Fulkdaddy: y
(10:51 AM) berniectx: y
(10:51 AM) vishal8: y
(10:51 AM) pupster1: y
(10:51 AM) bloomert: y
(10:51 AM) rekon8: y
(10:51 AM) TTTMichael: yes
(10:51 AM) jbljudy: y
(10:51 AM) csu30: y
(10:52 AM) JR Roden: Is TTT doing an audio?
(10:52 AM) JR Roden: I'm not hearing anything.
(10:53 AM) TraderTim: JR Push to Talk
(10:53 AM) Fulkdaddy: JR, press push to talk
tomthetrader: press push to talk if no audio
(10:54 AM) JR Roden: I have push to talk checked on my settings
(10:55 AM) TraderTim: A/D: +1235
(10:56 AM) bogdan07: "connection to voice server time out"
tomthetrader: will try to alleviate the voice problems
tomthetrader: 880.00 resistance
(10:59 AM) TTTMichael: y
(10:59 AM) Fulkdaddy: y
(10:59 AM) csu30: y
(10:59 AM) berniectx: y
(10:59 AM) jbljudy: y
(10:59 AM) TraderTim: y
(10:59 AM) RetteTen4: good
(10:59 AM) rekon8: y
(11:00 AM) JR Roden: Right back to 13 EMA on 5 min SPY ... which is very often support.
(11:01 AM) TraderTim: A/D: +1144
(11:05 AM) berniectx: I am short and underwater want to close out
(11:05 AM) RetteTen4: thanx Tom..but me still a baby in trading
(11:06 AM) RetteTen4: am also in cash...not sure which way to go now...waiting
tomthetrader: GS acting well after a rocky fews days
(11:11 AM) berniectx: out of my short cash now
tomthetrader: OK
tomthetrader: Thanks Bern
(11:17 AM) TraderTim: A/D: +1128
tomthetrader: just small drop
tomthetrader: still OK
tomthetrader: No panic either way
(11:20 AM) TTTMichael: Doing a few buy writes now.
(11:21 AM) ctmhou: A/D line: 2046-873
(11:24 AM) bogdan07: is gold acting ok ?
(11:25 AM) bogdan07: i am short on gold
(11:26 AM) TTTMichael: Instead of short gold I am long UDN.
tomthetrader: good
tomthetrader: nice play michael
tomthetrader: 5000 shares of DDM
(11:28 AM) bogdan07: 30.46
tomthetrader: here at 11:28
tomthetrader: 30.46
tomthetrader: OK
(11:32 AM) redliontrader: long sso & ym
(11:32 AM) ctmhou: One day..............
(11:32 AM) ctmhou: No.
(11:39 AM) RetteTen4: does that look like inverse H&S on 5min
(11:49 AM) thomas_Poland: 890 Spx can be a top?
(11:50 AM) RetteTen4: was thinking of doing a quick short
(11:53 AM) RetteTen4: nice call Tom ty
(11:55 AM) berniectx: have to go be careful today
(11:56 AM) RetteTen4: u mean everyday as well.....lol
(11:57 AM) RetteTen4: Market about the only thing that makes one so humble rather fast...well does me lol
(12:02 PM) RetteTen4: Gee reading u email Tom...wow nice call
(12:17 PM) JR Roden: Back down to the 13 EMA on teh 5 min spy ... it's been support all day long
tomthetrader: Thanks ..don't get my members saying anything positive !
tomthetrader: they don't like me !
(12:21 PM) JR Roden: We like Thomas ... it's the pink clothes
(12:21 PM) RetteTen4: lol u Tom...they busy making money
(12:21 PM) ctmhou: Tom, we like you...............I think.
(12:22 PM) RetteTen4: I read ur profile Tom ..on ur blog..I see ur a Rooster....nice people in that year
(12:23 PM) redliontrader: A rooster! That brings a couple of jokes to mind
(12:24 PM) RetteTen4: lol...I am born in the Dragon year......laughing..hope u don't have jokes for Dragons
(12:25 PM) vishal8: My fav quote of 2008 "“It’s not based on any particular data point, we just wanted to choose a really large number.” — a Treasury Department spokeswoman explaining how the $700 billion number was chosen for the initial bailout, quoted on Forbes.com Sept. 23."
(12:25 PM) vishal8: Hank Paulson "Its contained" is a close second
(12:26 PM) ctmhou: This will be spending gone wild soon.
(12:26 PM) RetteTen4: wish I had a banker like that.....not using any data point...and just quoting me a large number...I could live with that..yeah I could...really....LOL
(12:26 PM) ctmhou: LOL
(12:26 PM) vishal8: lmao
(12:26 PM) RetteTen4: lol
(12:30 PM) redliontrader: tim, what is your ad ratio?
(12:36 PM) vishal8: nyse AD showing 1364
(12:36 PM) vishal8: +1364
(12:36 PM) vishal8: Nasdaq AD +590
(12:36 PM) redliontrader: thxs vishal
(12:39 PM) Fulkdaddy: Short here Tom?
(12:41 PM) vishal8: nyse AD +1256
(12:42 PM) RetteTen4: I use my 15 ema to enter a trade...not much diff to 13 ema though...I wait for the price to cross the ema...candle must close below the 15 ema to short
tomthetrader: Sticking long Dave
tomthetrader: still going for a big end of year with a BAIL on a drop ...stops in
tomthetrader: we are doing well ...very bullish action
tomthetrader: stay long your DDM SSP UWM
tomthetrader: SSO
tomthetrader: Not SSP
(12:48 PM) thefish102: aapl?
tomthetrader: power play
tomthetrader: should run hard if market rallies target 100 easy
(12:48 PM) thefish102: that's gonna drag things down
tomthetrader: bad news ?
tomthetrader: let's look
tomthetrader: 80-100 ?
(12:50 PM) thomas_Poland: I think we still did not see HOD for today
tomthetrader: AAPL plummets is right ....Thanks Bob
tomthetrader: : 85.76 0.85 (0.98%)
(12:52 PM) RetteTen4: waiting to re-enter
(12:53 PM) thefish102: can't find any news.................yet
tomthetrader: you are looking good ...reenter at 880
(12:53 PM) RetteTen4: thanx
tomthetrader: I am going to stick with DDM in the Traders and Main
(12:54 PM) RetteTen4: don't laugh at me...I get worried at the high....mostly it retests the high and bites me in da butt then.....prefer it to break the high.....heck am not sure
(12:59 PM) thomas_Poland: we should see 888 in ES today
(1:01 PM) Fulkdaddy: APPL: AAPL's stock is taking a hit again on Steve Jobs' health rumors once again. This time they're on the web-site Gizmodo suggesting that his health is the reason for the company backing out of MacWorld. Obviously, I can't speak to his health but AAPL's not backing out of MacWorld 'til 2010, so the logic is a bit twisted. Again, just another rumor hitting the mill.
(1:01 PM) Fulkdaddy: Rev on the site of the AAPL rumor: http://gizmodo.com/5120687/steve-jobs-health-declining-rapidly-reason-for-macworld-cancellation
(1:03 PM) RetteTen4: looking at ES graph..should come back to break 873.52....cos of that candle..maybe good place to re-enter a long....am waiting
(1:05 PM) thomas_Poland: Ani did you send me email?
(1:07 PM) RetteTen4: nope sorry....sent one to Tom...but I did not explain it well...let me redo it later when market is closed...but there is not much to it....all u look for is for two candles next to each that either make a double top or bottom....does not matter where the candles are...u just look at two candles next to each other...
(1:08 PM) thomas_Poland: What was the course ?
(1:08 PM) thefish102: Fulk, thanks for the aapl news (that is an old rumor, surprised it had this kind of effect)
tomthetrader: Yes Thank you ...Got the same news
tomthetrader: Market hanging tough
(1:10 PM) Fulkdaddy: Are you going to cover your Main fund longs on Friday?
tomthetrader: It depends on how overstretched we are Dave ....Right now 90% long Main and 70 % Traders
tomthetrader: We should take advantage of any rally to sell with the market getting over bought short term
tomthetrader: but our stops should do OK aand we may take profits on the DDM if we hit 200 Up
tomthetrader: may establish a new position in ES at 880.00 cash
tomthetrader: right here for a day trade
tomthetrader: A/D holding up ?
(1:14 PM) vishal8: nyse AD +1288
tomthetrader: Added 2 long ES at 880.00
tomthetrader: 4 point stop back or .5% trailing
tomthetrader: AAPL coming back
tomthetrader: from rumors
tomthetrader: NYSE acting poor ....and volume very low
tomthetrader: waiting on the waiters ?
tomthetrader: 880.00 adding 2 more units long
tomthetrader: so we will have 4 long ES from 880.00 cash
tomthetrader: stop Hard on 876.00 ...will take off manually hear by voice and written
tomthetrader: if we decide to hold through tomorrows close
tomthetrader: EVERYONE OK ?
tomthetrader: Let me know if you have any questions
(1:38 PM) JR Roden: Hourly chart rolling over. MACD and Stochastic ready to cross to the downside ... be careful w/longs
(1:39 PM) thomas_Poland: JR 15 min chart 200 sma on 875
(1:39 PM) thomas_Poland: big support
(1:39 PM) thomas_Poland: but momentum is bearish
(1:39 PM) JR Roden: Great call. Thanks TP.
tomthetrader: don't be afraid to get long
(1:46 PM) redliontrader: out my QID's going long 2 ym
(1:47 PM) TraderTim: A/D: +1200
(1:48 PM) thomas_Poland: doesn't this move down look like corrective move?
(1:49 PM) TraderTim: TP: Notice your 15min 200 on ES. Right there now.
(1:50 PM) TraderTim: TP: drawn with a crayon of course nice support this time
(1:52 PM) RetteTen4: think paltalk froze for me....did what I say come out on here?
(1:55 PM) vishal8: its 1:56 pm EST, whats supposed to happen now ?
(1:57 PM) TraderTim: A/D: +1237
tomthetrader: 1:56pm is Hedge fund hour then smart money at 3;00pm so let's play this one out
tomthetrader: hard stop for now at 876.00 we may take that off and trade manually if we think we can add a few more at 870.00 -874
tomthetrader: in other words ...keep a close eye on the markets especially A/D
(2:01 PM) TraderTim: A/D: +1171
tomthetrader: 2119-971
tomthetrader: 2.4-1
tomthetrader: High noon on Dow looks like the HOD to most and then they left it hanging ?
(2:02 PM) TraderTim: A/D: +1120
tomthetrader: 8 hour chart has interesting pattern
tomthetrader: Hedge fund selling ..a few big blocks
tomthetrader: TOL shorted at 20.14 .....anyone want to short TOL ....got a hot tip
(2:06 PM) redliontrader: tol = toll bros? How long?
(2:16 PM) JR Roden: TTT - I haven't heard your voice for awhile. Are there still audio problems?
(2:16 PM) Fulkdaddy: y
(2:17 PM) bogdan07: ok
(2:17 PM) TraderTim: good
(2:17 PM) vishal8: y
(2:17 PM) aszags: ok
(2:17 PM) redliontrader: y
(2:17 PM) JR Roden: Nothing.
tomthetrader: JR ...log out and log back in
(2:17 PM) JR Roden: Will do
(2:18 PM) JR Roden: I hear ya !
(2:19 PM) JR Roden: So how long are you expecting to hold the TOL trade?
(2:20 PM) Fulkdaddy: Buying Puts?
(2:23 PM) redliontrader: oil holding tight 39.35
tomthetrader: Thank you yes ...OIL a HUGE positive
tomthetrader: 2:30pm close a few pennies up and we are OK
tomthetrader: OXY has had a great 2 days
tomthetrader: Gold did as we said
(2:27 PM) thomas_Poland: Tim did you like 200 sma support on 15 min chart?
(2:28 PM) JJBabySweetHeartJJ: hi all
tomthetrader: Yes Thomas
(2:28 PM) thomas_Poland: TF is lagging
(2:28 PM) JJBabySweetHeartJJ: can you all believe it?
tomthetrader: Just for that you get JJBaby
(2:29 PM) thomas_Poland: no we can't
(2:29 PM) JJBabySweetHeartJJ: George W. Bush bought large stake in Genworth (GNW)
(2:29 PM) thomas_Poland: oh my god .. call FBI
tomthetrader: 880.50 stop 4 ES
(2:29 PM) tomthetrader: tomthetrader has bounced JJBabySweetHeartJJ from the chat room
tomthetrader: Sorry thomas your baby is gone
(2:30 PM) thomas_Poland:
(2:31 PM) pupster1: short GNW if GW bought it....right...LOL
(2:32 PM) bogdan07: shorted sds
(2:33 PM) thomas_Poland: as I said before we should have another HOD
(2:33 PM) JR Roden: I sold SPY puts off of 880, so that is going well.
(2:34 PM) redliontrader: charts look strong/long trin, vix and tick all doing the right things
(2:34 PM) redliontrader: sold 1/3 of YM at 8577
tomthetrader: 882.50 stop on 4 ES
(2:36 PM) thomas_Poland: most indicators from Jason are becoming overbought
tomthetrader: Yes ..I think we still have 100-150 points Dow left
(2:37 PM) thomas_Poland: yes .. my forecast was 890 Spx 888 ES
(2:37 PM) thomas_Poland: hopefully we will see it
tomthetrader: Thanks
tomthetrader: stopped 882.50 on 4
tomthetrader: 8604 YM long 4
tomthetrader: 8656 target
tomthetrader: $500 profit for a good hour or so ?
tomthetrader: and now we will stop 4 YM at 8575
tomthetrader: 474.50 2 long TF
tomthetrader: via RUT cash
tomthetrader: 6 futures long plus 5000 DDM
tomthetrader: In traders
(2:42 PM) TraderTim: gotcha
(2:42 PM) Nick_H_SanDiego: Did you just get stopped out of YM?
(2:44 PM) redliontrader: added a back 1 ym @ 8553 (non cash)
tomthetrader: No
tomthetrader: stop was 8575 cash
(2:45 PM) Nick_H_SanDiego: ah
(2:46 PM) Nick_H_SanDiego: so can you explain theoretically what does it mean when the futures > cash or futures < cash...how do we interpret the negative or positive divergence between future and cash?
(2:56 PM) redliontrader: Yes, I would like to know the answer to nicks question too. And what is the overnight fair value about?
(3:01 PM) thomas_Poland: there is no overnight fairvalue
(3:01 PM) thomas_Poland: or it does not matter at all
(3:01 PM) thomas_Poland: you need cash and futures to have fairvalue
(3:03 PM) Nick_H_SanDiego: Tom you're expecting a rally into the close?
(3:03 PM) redliontrader: yes, there is always a fair value, but is that the theoretical differece between the cash market and the contract price?
(3:04 PM) thomas_Poland: FV = S [1 + (I - D)]
(3:04 PM) thomas_Poland: this is fair value
(3:05 PM) thomas_Poland: and S is Spx
(3:05 PM) thomas_Poland: so you can't have fair value at nigh
(3:05 PM) thomas_Poland: night
(3:05 PM) Nick_H_SanDiego: So the future is always higher than cash by the amount of time premium left in the future contract (like options)
(3:05 PM) thomas_Poland: no
(3:05 PM) thomas_Poland: like now futures are below cash
(3:06 PM) Nick_H_SanDiego: CNBC does broadcast fair value at nite...I think they use the afterhours action in the 500 stocks and calc fair value
(3:06 PM) thomas_Poland: don't even look at CNBC fair value
(3:06 PM) Nick_H_SanDiego: Ok so futures < cash is the expectation that the index will be lower in the future
(3:06 PM) Nick_H_SanDiego: is that correct?
(3:06 PM) Nick_H_SanDiego: that is bearish, right?
(3:06 PM) thomas_Poland: fair value is the value of S&P 500 Index, plus the interest I pay my broker to buy all of the stocks in it, minus all of the dividend checks I get from those stocks.
(3:06 PM) thomas_Poland: No nick
(3:07 PM) redliontrader: y, but now there is a 41 point diff between YM and DOW, does that theoritically track the formula you sent TP?
(3:07 PM) thomas_Poland: it is not bearish ... of course in my opinion
(3:07 PM) Nick_H_SanDiego: yes and I think at nite the manually calculate the SP500 index from the 500 underlying stocks
(3:07 PM) thomas_Poland: it should
(3:07 PM) thomas_Poland: it depends what you put in those letters right?
(3:07 PM) redliontrader: K, now I understand a little more
(3:07 PM) thomas_Poland: the night fair value is sh...
(3:08 PM) thomas_Poland: and if you want you can look at it
(3:08 PM) thomas_Poland: but it is sh..
(3:08 PM) Nick_H_SanDiego: Red, I've reasearched that issue of the fair value at nite that the broadcast on CNBC...let me send you a link...it explains it pretty well
(3:08 PM) Nick_H_SanDiego: So Thomas the fact that the YM is 41 under DJIA cash right now does not really mean anything other than the dividends?
(3:09 PM) redliontrader: and current interest rate
(3:09 PM) thomas_Poland: and interest?
(3:09 PM) thomas_Poland: yes
(3:09 PM) thomas_Poland:
(3:09 PM) Nick_H_SanDiego: so that gap should close as we get closer to march and on expiration day they should be equal, right?
(3:10 PM) thomas_Poland: on expiration they should be equal
(3:10 PM) thomas_Poland: no interest
(3:10 PM) thomas_Poland: no dividend
(3:10 PM) Nick_H_SanDiego: Ok YM is back to 200sma on 5 min chart
(3:10 PM) TraderTim: Nick: I assume you are using 24 hour chart
(3:11 PM) Nick_H_SanDiego: yes
(3:11 PM) thomas_Poland: Nick use day session
(3:11 PM) Nick_H_SanDiego: 24 hr chart on the march contract only (no continuous)
(3:11 PM) TraderTim: yep on day session only it is not near 200 yet
(3:12 PM) RetteTen4: looks like M pattern again
(3:12 PM) thomas_Poland: I use 24 hour session only at globex
(3:12 PM) TraderTim: I do same as TP
(3:13 PM) thomas_Poland: and it works
(3:13 PM) thomas_Poland: I mean 200 sma
(3:13 PM) thomas_Poland: and sometimes it works also on day session but I would use 200 sma only from day session dat
(3:13 PM) thomas_Poland: data
(3:13 PM) Nick_H_SanDiego: ok thx Thomas
(3:13 PM) thomas_Poland: Tim when does TF close?
(3:13 PM) Nick_H_SanDiego: TF has same hours now as ES and YM
(3:14 PM) RetteTen4: 873.51 my target then 880.74...hope works out....
(3:14 PM) Nick_H_SanDiego: No...wait I'm wrong on that..
(3:14 PM) thomas_Poland: I think you wrong Nick
(3:14 PM) thomas_Poland: my charts look strange for TF
(3:14 PM) thomas_Poland: so it has to be different
(3:14 PM) Nick_H_SanDiego: I reasearched this a couple of weeks ago and posted it here in the group...forgot the result!
(3:15 PM) thomas_Poland: Nick how does this move down from 12:05 look like?? corrective or impulse?
(3:15 PM) RetteTen4: what did u research Nick?
(3:15 PM) Nick_H_SanDiego: Red, here is the link for Fair Value explanation
(3:16 PM) Nick_H_SanDiego: http://www.indexarb.com/#whatMeansHmPgTbl
(3:16 PM) Nick_H_SanDiego: I researched the trading hours of TF on the ICE exchange
tomthetrader: What is it ?
tomthetrader: I have been having problems with TF
(3:16 PM) TraderTim: Tom just verifed that TF closes at 4:15 and then 2 hours off
(3:16 PM) RetteTen4: Nick what does mean
tomthetrader: OK that is what I just told TIM
(3:17 PM) TraderTim: yep
(3:17 PM) RetteTen4: what does TF stand for...sorry for questions
(3:17 PM) TraderTim: Russell 2000 mini futures
(3:17 PM) Nick_H_SanDiego: TF is the future for the Rusell2000 index
(3:18 PM) RetteTen4: oh ok thanx
(3:18 PM) Nick_H_SanDiego: mini Russell = TF
(3:18 PM) RetteTen4: never looked at the Russell
tomthetrader: Ani ...you should look into it
(3:18 PM) RetteTen4: Tom explain why
tomthetrader: It used to be ER2 until ICE bought it out
tomthetrader: Now TF and gives you High beta at $100 per point
tomthetrader: very volatile but easy to trade ...we started buying at 375 and shot up to near 500
(3:19 PM) RetteTen4: hmm u saying u make more money with the TF?
(3:19 PM) Nick_H_SanDiego: TF trades from 8pm new york time, until 6pm new york time next day (2 hours off). Settlement is at 4:15pm ny time
tomthetrader: Thank you
(3:19 PM) RetteTen4: gee thanx for info
(3:20 PM) thomas_Poland: I have some data between 4:15 and 6
(3:20 PM) thomas_Poland: on my charts
(3:20 PM) Nick_H_SanDiego: Ani, just be careful with TF it is very volatile...Tom calls it the widow maker
tomthetrader: TF is a great play if you think we are entering a longer term Bear rally or new bull market
(3:20 PM) thomas_Poland: for TF
(3:20 PM) RetteTen4: ok...I will just open the chart and watch it a while
(3:20 PM) Nick_H_SanDiego: Yes Thomas, TF trades until 6pm ny time
(3:20 PM) Nick_H_SanDiego: then closes for 2 hrs
(3:20 PM) thomas_Poland: ok
(3:20 PM) Nick_H_SanDiego: then opens again at 8pm
(3:20 PM) thomas_Poland: thanks
(3:21 PM) Nick_H_SanDiego: the 4:15 is just the settlement time
(3:21 PM) TraderTim: thx NICK
(3:21 PM) thomas_Poland: strangge because almost no action after 4:15
(3:21 PM) thomas_Poland: they should make it the same as ES
(3:21 PM) Nick_H_SanDiego: I agree
(3:21 PM) RetteTen4: just looked at what is on my broker list...can't trade it
(3:21 PM) thomas_Poland: and Nick .. indexarb is academic
(3:21 PM) Nick_H_SanDiego: At least the YM and ES have synched their times
(3:21 PM) Nick_H_SanDiego: they used to be different, too
(3:21 PM) redliontrader: ad line is still improving
tomthetrader: Closing Trade od 2000 shares AAPL at 85.81
(3:21 PM) TraderTim: A/D: +1526
tomthetrader: will sell at 6:00pm
(3:22 PM) redliontrader: csu30 has the mic, are they saying anything?
(3:22 PM) RetteTen4: I have ASX SPI 200...cac..dax dj euro stoxx 50 ftse hang seng nasdaq nikkei 225 S&P....singapore mcsi and dow
(3:23 PM) Nick_H_SanDiego: Ani you may not have access to that future from South Africa. Ask your broker about it. It is traded on TheICE exchange.
(3:23 PM) RetteTen4: ok and a few US commodities like coffee soya etc....and currencies...maybe a good thing lol
(3:24 PM) RetteTen4: think will just stick to the Index of YM and ES etc for now....worried to trade too many
(3:24 PM) thomas_Poland: TF just made HOD
(3:24 PM) thomas_Poland: when other correct?
(3:24 PM) TraderTim: suddenly TF is leading the way out
(3:24 PM) RetteTen4: just excuse my questions...hell I sound so ignorant when u talk about US
(3:25 PM) thomas_Poland: NQ just at support from yesterday's high
(3:25 PM) thomas_Poland: yes Tim
(3:26 PM) thomas_Poland:
(3:26 PM) thomas_Poland: agree
tomthetrader: TF 2 long and loving it
(3:26 PM) RetteTen4: csu u talking? I can't hear anything
(3:26 PM) thomas_Poland: TF is the only one which does not trade above yesterday's high
tomthetrader: stop at B.E.
(3:26 PM) thomas_Poland: resistatnace 475.7 TF
(3:26 PM) Nick_H_SanDiego: Thomas that IndexArb site is pretty cool. It shows you real-time graphs of where mispricing will occur between the index and future and where to expect index arb programs to kick-in. They update the charts daily.
(3:26 PM) TraderTim: Go TF
(3:27 PM) RetteTen4: they goes my profit grrr
(3:27 PM) thomas_Poland: Nick it is not cool
(3:27 PM) thomas_Poland: it is academic
(3:27 PM) thomas_Poland: but good for learning ?
(3:28 PM) Nick_H_SanDiego: Well the chart is good...for example on the YM, today the exact midpoint is that the YM should be -49 from the Dow cash index.
(3:28 PM) thomas_Poland: Nick does your IM work?
(3:28 PM) Nick_H_SanDiego: if it hits -71.2, you can expect sell programs on the Dow, which weirdly causes the Future to go up
(3:28 PM) thomas_Poland: Tom any imbalances today?
(3:28 PM) Nick_H_SanDiego: yes it should
(3:29 PM) TTTMichael: I think tomorrow is normal hours.
(3:29 PM) thomas_Poland: when I try to IM you it says you accept only something ..
(3:29 PM) Nick_H_SanDiego: Thomas try it again
(3:29 PM) ajayvee: full day tomorrow
(3:29 PM) thomas_Poland: Nick I have to be on pal list?
(3:29 PM) TTTMichael: order imbalances??
(3:29 PM) Nick_H_SanDiego: TP I added you
(3:30 PM) Nick_H_SanDiego: Nice rally in the YM
(3:31 PM) TraderTim: dzk
(3:31 PM) TraderTim: edc
(3:31 PM) TraderTim: edc is emerging
(3:32 PM) TraderTim: dzk is developed
(3:32 PM) ajayvee: CBOE interest rate options and CME interest rates and currencies close at 1PM ET 2morow
(3:33 PM) RetteTen4: I can only trade till 1pm ur time..my broker closes then...our market is half day
(3:34 PM) RetteTen4: LOL
(3:34 PM) RetteTen4: US accents are rather cute
(3:34 PM) DE_TTT: Great work, Tom. I'm out for the day but will talk to you tomorrow. We need to talk "Tech Takeouts for 2009" soon. Ciao!
tomthetrader: Thanks Buddy
tomthetrader: I am extremely PLEASED
(3:41 PM) thomas_Poland: TF great trade Tom ..
tomthetrader: Thank you Thomas
tomthetrader: I truly appreciate it
(3:42 PM) redliontrader: AD at HOD
tomthetrader: YES
tomthetrader: Turn it up
(3:42 PM) thomas_Poland: and now I have to mute this window
tomthetrader: OK..Phil Collins next !
tomthetrader: Money Money Money
(3:43 PM) thomas_Poland: no .. I like the song
(3:43 PM) RetteTen4: yesssssssssss like Phil
(3:43 PM) TraderTim: A/D: +1729
(3:43 PM) TTTMichael: A/D 2443 - 724
tomthetrader: great trades
(3:43 PM) thomas_Poland: but can't hear it now
(3:43 PM) TraderTim: sweet!
tomthetrader: YES
tomthetrader: YES YES
tomthetrader: stop TF .50 back NOW
tomthetrader: NOW
tomthetrader: AAPL stop .25 back
tomthetrader: AAPL stop .25 back
(3:44 PM) TraderTim: TFH9 477
tomthetrader: Cash RUT soaring
tomthetrader: 8656 target Dow ?
(3:44 PM) thomas_Poland: Didn't I say HOD is expected ???
(3:44 PM) thomas_Poland:
(3:44 PM) TraderTim: Yes TP!!!
tomthetrader: 2:37 PM) thomas_Poland: hopefully we will see it
tomthetrader: Thanks
tomthetrader: stopped 882.50 on 4
tomthetrader: 8604 YM long 4
tomthetrader: 8656 target
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(3:47 PM) TraderTim: A/D: +1764
tomthetrader: tremendous route
(3:47 PM) RetteTen4: hmmm this time ..plus one hour...tomorrow..I will be in 2009 lol
tomthetrader: 3-1 as I told Dave this A.M.
tomthetrader: HAPPY NEW YEAR ANI
tomthetrader: Want a Kiss ?
(3:48 PM) RetteTen4: Ty and u
tomthetrader: Thomas loves kisses !
(3:48 PM) RetteTen4: eeeeeeeeeeeeeeeeer no no no laughing
tomthetrader: International Group Hug !!!!
(3:48 PM) RetteTen4: no kisses from married men LOL
tomthetrader: I like the TTT Bear Hug ...kick in the crotch ?
tomthetrader: 888 Thomas /
(3:49 PM) RetteTen4: yikes
tomthetrader: Thomas had faith ?
(3:49 PM) RetteTen4: Tom can u answer a question for me?
tomthetrader: for a while ?
tomthetrader: Yes
tomthetrader: Yes
tomthetrader: Yes
tomthetrader: Questions ?
(3:50 PM) RetteTen4: My friend was telling me that on the Dow..YM u do not get gaps....well on my graphing program......I watch the dow futures and when the dow opens..I have a gap....he insists that the dow has no gaps...am confused over this
tomthetrader: All instruments have gaps
tomthetrader: every position traded
(3:51 PM) redliontrader: dzk up 7% 2day
(3:51 PM) Nick_H_SanDiego: Ani if you plot the day-only data you will get gaps...
(3:51 PM) Nick_H_SanDiego: But with the 24-hour data you get much less gaps
tomthetrader: has a gap even the slowest of instruments
(3:51 PM) RetteTen4: he uses esignal and when the dow opens...there is just one huge either green or red candle
(3:52 PM) TraderTim: TFH9 478.2 heading back toward
(3:52 PM) TraderTim: highs before xmas
tomthetrader: yes we are on a straight shot to 500
tomthetrader: Ani
(3:52 PM) TraderTim: need some more UWM
(3:52 PM) RetteTen4: yeah
(3:53 PM) TTTMichael: Tom, do you really think we see more gains tomorrow?? Very overbought now. Letting retail have all they want!!!!
tomthetrader: We should use the gaps as emotional events that should be faded
(3:53 PM) TraderTim: a little T&A (er) TNA +8$ 3x russell
tomthetrader: Michael ...yes ...a run we have a good 100-125 Dow left as I said earlier
(3:53 PM) RetteTen4: I just don't understand his reasons for saying there are no gaps on the dow....but thanx for ur explanation
tomthetrader: it is good to get short term overbought after a bear
tomthetrader: shows strength
(3:54 PM) TTTMichael: I get nervous when I see retail stampeed in.
tomthetrader: 8656 Target to sell 4 YM from 8604
tomthetrader: Not after a bear
tomthetrader: take what you can get ...this is easy money
tomthetrader: jump on
(3:54 PM) TraderTim: TFH9 knocks out 480 tom
tomthetrader: and worry later
tomthetrader: YES
tomthetrader: 2 from 474.50
(3:55 PM) RetteTen4: lol
tomthetrader: Yipppfreaking EEEEEEEEEEEEEEEEEEEEEEEE
tomthetrader: Passed my target !
tomthetrader: Are we freaking good or what
(3:56 PM) RetteTen4: well done ...awesome
tomthetrader: I have been damn perfect since Nov 20th
(3:56 PM) TraderTim: amazing Tom good job TF/ES/YM DDM all good
tomthetrader: I LOVE THIS MARKET
(3:56 PM) RetteTen4: me too when I make money LOL
(3:57 PM) TraderTim: it tried to wear us all down .... a little window dressing time
tomthetrader: You will ...we all got to let go and TRADE
(3:57 PM) RetteTen4: got to pay my lawyer...LOL
(3:57 PM) RetteTen4: laughing
tomthetrader: CONGRATULATIONS new move over 50 dma
tomthetrader: we are back in the game Bulls
(3:58 PM) TraderTim: TFH9 won't stop 481.2
(3:58 PM) RetteTen4: lol
(3:58 PM) redliontrader: is that a rooster crowing?
tomthetrader: YES
tomthetrader: YES
tomthetrader: YES
tomthetrader: YES
(3:58 PM) Nick_H_SanDiego: Tom I have Fib target of 8640-8642 using my Fibs
(3:58 PM) Nick_H_SanDiego: On YM
tomthetrader: We have to go to cash
(3:59 PM) TraderTim: when?
tomthetrader: let's close it down
tomthetrader: Now
(3:59 PM) TraderTim: ok
tomthetrader: let's get out
tomthetrader: I am scaling out
tomthetrader: YM out
tomthetrader: TF out
tomthetrader: DDM out
tomthetrader: AAPL
tomthetrader: Out
(3:59 PM) TraderTim: TF/ES/YM over and out
tomthetrader: Main Fund selling DDM
tomthetrader: Selling main Fund out
(4:00 PM) TraderTim: even DDM
tomthetrader: Yes
(4:00 PM) thomas_Poland: la la la
(4:00 PM) Nick_H_SanDiego: That was uncanny Fib projection on YM within 2 pts of the high
(4:00 PM) Nick_H_SanDiego: I love Robert Miner & Joe DiNapoli
(4:01 PM) TraderTim: A/D: +1935
(4:01 PM) thomas_Poland: Isn't great Nick that I made you read Miner's book ?
(4:01 PM) thomas_Poland:
(4:02 PM) Nick_H_SanDiego: YES THOMAS THANK YOU!!!
(4:02 PM) TTTMichael: Main fund to all cash tomorrow??
(4:02 PM) Nick_H_SanDiego: That was the best education I have learned yet
(4:03 PM) thomas_Poland: Read his first book too
(4:03 PM) pupster1: what time is market opened till tomorrow....?
(4:03 PM) JR Roden: Those SPY puts I sold at 3:06pm have dropped 25% of their value (70 cents) in the past hour. I love shorting puts and calls, because when it goes your way the value disappears in a hury.
(4:03 PM) pupster1: 1 pm or 4pm...?
(4:03 PM) TTTMichael: 4pm
(4:03 PM) JR Roden: A nice profit for an hour's work.
(4:03 PM) RetteTen4: what book u talking about?
(4:03 PM) Nick_H_SanDiego: YM just had another pop
(4:04 PM) Nick_H_SanDiego: Robert C Miner "High Probability Trading Strategies"
(4:04 PM) Nick_H_SanDiego: Avail on his website for 1/2 price www.dynamictraders.com
tomthetrader: remember when I said we still have 200 more Dow pints ?
(4:04 PM) RetteTen4: thanx will go and get it
(4:04 PM) thomas_Poland: yes Tom was just perfect
tomthetrader: When Thomas mentioned Jasons overbought /
(4:05 PM) thomas_Poland: yes
tomthetrader: Jason is a poor y=trader !
(4:05 PM) thomas_Poland: exactly
tomthetrader: I am a great trader
tomthetrader: You are the man Thomas
(4:05 PM) thomas_Poland: Tom I was looking at his charts not comments
tomthetrader: Your tape reading skills are up 90% in past 2 months
tomthetrader: very proud of you
(4:06 PM) RetteTen4: u making me think lol
(4:06 PM) RetteTen4: if anyone asked how to rate myself as a trader...
(4:06 PM) RetteTen4: hmm don't know what I would say
tomthetrader: Thomas is the most overall knowledgable man in poland and all of europe !
(4:07 PM) TraderTim: TP is awesome
(4:07 PM) thomas_Poland: anybody remembers what forecast I had for todays high??
(4:07 PM) thomas_Poland: anybody???
(4:07 PM) RetteTen4: thinking
(4:07 PM) thomas_Poland: Spx 890 and ES 888
tomthetrader: I AM looking
tomthetrader: Yes
(4:08 PM) thomas_Poland: What we have???
(4:08 PM) thomas_Poland: Spx 891.12 ES 888.75
tomthetrader: SPY 89.00
(4:09 PM) JR Roden: you are good Thomas!
(4:09 PM) thomas_Poland: I am really sorry that I was not correct
tomthetrader: How dare you miss by that much ?
(4:09 PM) RetteTen4: lol u guys
tomthetrader: OK
(4:09 PM) RetteTen4: u making me laugh
(4:10 PM) RetteTen4: like ur humour
tomthetrader: we are a good group Ani
(4:10 PM) RetteTen4: yeah u sound real cool
tomthetrader: we need all members to get on the right side here in 2009
tomthetrader: and start liking the TTT way
tomthetrader: IWM puts to TF Futures long 12k
tomthetrader: in a short period from yesterday morning to now
(4:11 PM) RetteTen4: was serious about what I said....trading group here in my country drives me nuts....each one of them have such huge egos and if anyone says anything they jump all over them...makes it ugly at times
(4:12 PM) JR Roden: That's what I like about this group, is we can make fun of each other, while we are making cash! And everybody is happy for everyone else's success.
tomthetrader: great logic and thinking . . . stupendous
tomthetrader: really is experience
tomthetrader: I knew when the OEX traders were buying DEEP in the money calls it was going to run
tomthetrader: So we jump on and hold on never leave the pressure off
tomthetrader: and now we pull off the gas
(4:13 PM) RetteTen4: that is a huge thing..not all can be happy for others...that is so great to hear...I like that
tomthetrader: we have work to do on that !
tomthetrader: But I know it will improve
(4:14 PM) thomas_Poland: Ani in this group only I have ego bigger than US
(4:14 PM) thomas_Poland: and I am always right
(4:14 PM) RetteTen4: LOL
(4:14 PM) RetteTen4: u funny hehe
(4:14 PM) thomas_Poland: so don't you dare to say I am not
(4:14 PM) Nick_H_SanDiego: Tom do you just manually check the Open Int on the OEX
tomthetrader: we have the lowest cost 24/7 access to a pro trader with social networking with other pros ...can't be found anywhere for 20x price
(4:14 PM) Nick_H_SanDiego: is that how you knew the deep calls were being bought
(4:14 PM) RetteTen4: what happens if I said u not...just need to know
tomthetrader: Yes Nick
(4:14 PM) thomas_Poland: yes Ani .. they officialy made me a clown of the group
(4:14 PM) thomas_Poland: they all think I am dumb
tomthetrader: OEX Options
tomthetrader: Yes Thomas ...dumb as a fox !
tomthetrader: Foxy in Pink
(4:15 PM) RetteTen4: aaaaaaaaaaaaaah but do u know how much u learn when u pretend to be dumb...can work like a charm too
tomthetrader: Good night you all
tomthetrader: TTT out
(4:15 PM) RetteTen4: night tom
tomthetrader: NIGHT ALL
(4:16 PM) thomas_Poland: Ani you don't want to know what happens when you say I am wrong
(4:16 PM) thomas_Poland: just dont'
(4:16 PM) thomas_Poland:
(4:17 PM) RetteTen4: lol...just need to be forewarned hehe
(4:19 PM) thomas_Poland: but I am not so active anymore here .. so you are safe
(4:19 PM) thomas_Poland:
(4:21 PM) RetteTen4: thomas what charting program do u use...just looking at Global futures now..free for 30 days....says I can pick strategy runner or x-trader...don't know either of them..hmm
(4:21 PM) thomas_Poland: I use Ensign
(4:21 PM) thomas_Poland: with IQFeed
(4:22 PM) RetteTen4: have not heard of it...dang so much to learn lol
(4:23 PM) thomas_Poland: very good
(4:23 PM) thomas_Poland: in my opinion
(4:25 PM) RetteTen4: Thomas.....Ani thinking again....means be careful lol....one of the trading groups asked a question and is looking for whacky and outrageous ideas
(4:25 PM) RetteTen4: on how to make a million dollars and what time period could one do it in
(4:26 PM) thomas_Poland: selling kidney very fast
(4:26 PM) RetteTen4: interesting question to play around with in ones head.....suppose easy to do on paper....but to actually do it hmmmmm....
(4:26 PM) RetteTen4: the aim is...I think...to make one think
(4:26 PM) pupster1: Start with 2 million...........
(4:26 PM) RetteTen4: LOL
(4:26 PM) RetteTen4: the whole question got me thinking
(4:26 PM) RetteTen4: suppose also helps one to define their goals
(4:26 PM) RetteTen4: and where they going
(4:30 PM) RetteTen4: ok yikes I better be off....just want to play around with my graphs for while before bed
(4:30 PM) RetteTen4: night all....was a great day
(4:30 PM) RetteTen4: TY to all ciao
tomthetrader: 889.75 1.50

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