(9:23 AM) Alert: This is a G rated room intended for a General Audience including minors. Offensive language is not permitted.
(9:23 AM) Alert: Hi , Welcome to TTT
(9:27 AM) *** pointfisher has joined the room ***
(9:27 AM) Fulkdaddy: Red, love the new 10 day NH-NL indicator!
(9:27 AM) Fulkdaddy: Thank you!
(9:28 AM) Fulkdaddy: Red is the man, Tom...
(9:28 AM) Fulkdaddy: Very big help
redliontrader: thank you for the idea dave
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(9:33 AM) Fulkdaddy: This market is absorbing bad news like Muhammid Ali used to absorb punches from George Foreman while doing the "rope-a-dope"
(9:34 AM) tomthetrader: Very Bullish World wide momentum for stocks
(9:34 AM) sttteve: already stopped TZA
(9:35 AM) tomthetrader: Not here
redliontrader: TZA stopped 15.63
(9:35 AM) sttteve: that did it
(9:35 AM) tomthetrader: Not here
(9:35 AM) sttteve: it was look at time and sales
(9:35 AM) ajayvee: i was stopped
(9:35 AM) tomthetrader: Now
(9:36 AM) tomthetrader: OK a break even
(9:36 AM) tomthetrader: we have TWM 10% in Main
(9:36 AM) tomthetrader: and ERY 2% stop
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(9:37 AM) tomthetrader: 10% at 15.54 in Traders
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(9:37 AM) tomthetrader: TWM avg prices should be
(9:38 AM) tomthetrader: 33.53
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(9:38 AM) *** DE_TTT has joined the room ***
(9:39 AM) ajayvee: financials leading the way....again
(9:39 AM) tomthetrader: C up against a week long rally and stop
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(9:41 AM) tomthetrader: add 10% at 33.33 Traders stop 33.10 on all
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(9:42 AM) thomas_Poland: gm
(9:42 AM) tomthetrader: GM
(9:42 AM) thomas_Poland: we were at 1004 in globex
(9:42 AM) thomas_Poland: boy
(9:42 AM) thomas_Poland: how I said you can call me?
(9:45 AM) tomthetrader: Rock star staus Thomas !
(9:45 AM) csu30: Filled ERY 18.13
(9:45 AM) tomthetrader: A rock star !
(9:46 AM) tomthetrader: Thank you Craig Good luck
(9:47 AM) csu30: Thanks Tom
(9:48 AM) tomthetrader: Thank you...we rely on you guys so much it is a great help to see you in there ...skin in the game ...Thank you !
redliontrader: this was a blowout 15 minute new high open for the NQ and the RUT.. the NQ new highs have already passed y'days close
(9:55 AM) thomas_Poland: on 2nd april we had run from 9:40 to 12:40
(9:55 AM) thomas_Poland: we are breaking up a broken trendline
(9:55 AM) thomas_Poland: we may go much higher
(9:55 AM) thomas_Poland: even today
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(10:00 AM) thomas_Poland: 994 support and up to 1005
(10:00 AM) thomas_Poland: without me of course
(10:00 AM) thomas_Poland: I am an idiot
redliontrader: 10:00 am new highs: nyse 18 +63% Day-1 +7% day-5
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redliontrader: nasdaq was 29 +383% against day-1 and +256% day-5
redliontrader: our intrady 10day hi lo diff sits at +127 now
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(10:08 AM) dhmohan1963: hi gm
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(10:08 AM) dhmohan1963: difficult to get in thru paltalk
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(10:12 AM) hibuck2: $PCRCO .76
(10:13 AM) thomas_Poland: on 2nd April we pulled back till 10:30 and run again higher
(10:15 AM) Fulkdaddy: Kass: On one hand, sentiment has turned abruptly bearish, with the AAII survey indicating bulls moving from 51% to 34% and bears going from 33% to 40%. On the other hand, the fundamentals (e.g., initial unemployment claims) are getting squishy. Stay tuned.
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(10:16 AM) ajayvee: Didn't we get into ERY at 18.54/.55 at 9:20am?
(10:16 AM) thomas_Poland: ok trendline broken up ...
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(10:17 AM) eman11: That what I got too at 18.54
(10:18 AM) ajayvee: yes
redliontrader: 18.15 was my fill.. I fell behind filling so filled the who 10%
redliontrader: who = whole
redliontrader: i can re-adjust
(10:20 AM) sttteve: 18.54 here too . took it when it was posted
redliontrader: 18.54 was 500 shares right?
(10:21 AM) eman11: yes 500
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(10:22 AM) willwin: so go long ery now then
(10:22 AM) tomthetrader: Yes you can hedge
(10:22 AM) tomthetrader: take 500 ERY and straddle
(10:22 AM) willwin: k
(10:25 AM) thomas_Poland: 997.50 support for today
redliontrader: i got knocked out of pal talk my chat only goes back to 9:27.. so first ERY fill was premarket? and i missed. I filled all 10% at the 9:36am posting..
(10:25 AM) thomas_Poland: 1005 resistance
(10:26 AM) tomthetrader: Thanks RED ...very tough to get a good fill and everyone is on the smae page...we are taking a shot at shorting the market near a top ..but it is probably a pain in the rear ...so we will go to cash soon
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(10:27 AM) thomas_Poland: above 1005 is 1009.50 resistance now
(10:28 AM) tomthetrader: all time rally highs at 1015 ?
(10:28 AM) tomthetrader: 1016
(10:28 AM) thomas_Poland: TICK above zero most of the time
(10:28 AM) tomthetrader: Market really wants to rally hard
(10:30 AM) tomthetrader: again we will add 10% of TWM at 33.15
redliontrader: 10:30 NHs: NYSE 25 +38% d-1, +6% d-5
(10:31 AM) tomthetrader: TWM 33.15 10% in Main
(10:32 AM) tomthetrader: GOOG on Fire
(10:32 AM) thomas_Poland: 2nd April says selloff will start on 12:40
(10:32 AM) thomas_Poland: or 2:50
(10:32 AM) thomas_Poland:
(10:32 AM) tomthetrader: SEIKO
redliontrader: or somewhere in between
(10:32 AM) thomas_Poland: nahh .. . close to one of those two times
redliontrader: you are always on-time.. it amazes me
(10:33 AM) tomthetrader: you are on the clock
(10:33 AM) eman11: is the stop on TWM still at 33.10
redliontrader: 10day hi/lo +161
(10:37 AM) eman11: On the traders fill at 33.33 the stop was at 33.10.
(10:38 AM) tomthetrader: if you were stopped maybe reenter
(10:39 AM) tomthetrader: or the other short positions like ERY may be a better swing trade?
(10:39 AM) thomas_Poland: on 17th we broke down very important trendline on a gap
(10:39 AM) thomas_Poland: today we closed above it with good volume
(10:39 AM) thomas_Poland: that means something
(10:39 AM) thomas_Poland: IMO
(10:40 AM) eman11: i reset my stops earlier still in just curious.
(10:40 AM) tomthetrader: what does it predict TP?
(10:40 AM) thomas_Poland: move higher and that 1005 may be very conservative for next week
(10:40 AM) tomthetrader: Good
(10:40 AM) thomas_Poland: but risk management is the most important thing in this market
(10:41 AM) tomthetrader: I will add to shorts !
(10:41 AM) tomthetrader: Just kidding
(10:41 AM) thomas_Poland: and this is the only thing we know .. how much we are going to loose if we are wrong
(10:41 AM) tomthetrader: I am very torn but short is the indicators so I have to short oil and the rut up to the highs
(10:41 AM) thomas_Poland: I will short maybe even today
(10:41 AM) thomas_Poland: at 12:40
(10:41 AM) thomas_Poland: or 2:50
(10:43 AM) thomas_Poland: ok covered for 4 points ES
(10:43 AM) thomas_Poland: 1005
(10:43 AM) thomas_Poland: I covered long ... people
(10:43 AM) hibuck2: $TICK +1019.
(10:43 AM) thomas_Poland: just buy buy buy
(10:43 AM) tomthetrader: adding 10% to TRADERS in TWM at 32.94
(10:44 AM) tomthetrader: and adding 10% to Traders ERY 17.99
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(10:51 AM) tomthetrader: we will continue to add 10% positions short in TWM and ERY all day until 100% in
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(10:52 AM) hibuck2: tom how about SPY sept 103 puts SWG UY 3.95 4.00
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redliontrader: 11:00 am New Highs: 31, +48% day-1, +24% day-2
(11:00 AM) bitterwind4: did take TZA .28
(11:00 AM) tomthetrader: TREMENDOUS
redliontrader: 10 day hi-lo: +201
(11:01 AM) bitterwind4: sure could have been earlier, but room to go ...will see
(11:02 AM) Fulkdaddy: Kass just wrote: High above the Alps, my gnome is hearing that Paulson has taken a $2.5 billion to $3.0 billion long position in the U.S. dollar.
(11:02 AM) Fulkdaddy: Does he mean Hank Paulson?
(11:02 AM) tomthetrader: No John Paulson
(11:02 AM) Fulkdaddy: Smart hedge fund guy?
(11:03 AM) tomthetrader: the Hedge fund Manager who called the Bank drop and recently got long all banks as of June 30th 2009
(11:03 AM) Fulkdaddy: That is a big position...this would hurt commodities
(11:03 AM) Fulkdaddy: Bensignor is also 20% long UUP
(11:08 AM) tomthetrader: UUP is a real stretch here if indeeed the market rallies to new highs ?
(11:09 AM) Fulkdaddy: UUP: two things: either they think the market is topped out
(11:09 AM) Fulkdaddy: or the dollar and market will decouple
(11:09 AM) tomthetrader: DTO 10% long in Main at 74.10
(11:10 AM) Fulkdaddy: which it seems it must at some point. A really weak dollar can't be good long-term for the US can it?
(11:10 AM) tomthetrader: 73.92 now filled
(11:10 AM) Fulkdaddy: I like the DTO play here, Tom
(11:10 AM) tomthetrader: If we stay he3dged it will have to show some strength somewhere ?
(11:12 AM) bitterwind4: out TZA be
(11:12 AM) tomthetrader: Thanks
(11:14 AM) ajayvee: what's the difference between DTO and SCO both 2x shorts
(11:14 AM) tomthetrader: Very good SCO just lower PP
(11:15 AM) ajayvee: higher volume too
(11:15 AM) tomthetrader: TOP 10 HOLDINGS ( 200.01% OF TOTAL ASSETS)
Company Symbol % Assets
CLN9 Future N/A 66.52
Dj-Aig Swap N/A 133.49
(11:16 AM) ajayvee: I try
(11:17 AM) tomthetrader: YES
(11:17 AM) tomthetrader:
(11:19 AM) thomas_Poland: 1003.25 is day support now ?
(11:22 AM) bitterwind4: TZA et al look good to go
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(11:27 AM) tomthetrader: COF short at 34.85 area today ?
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redliontrader: 11:30 NHs 43, +105% bar-1, +72% bar-5 (very hot)
(11:32 AM) bitterwind4: would buy CIEN if it hits strike 12.50 level
(11:32 AM) tomthetrader: HOT HOT HOT LIKE LATTE FROTH OR GOOD HOT ? !
(11:33 AM) bitterwind4: tons of 12.50 calls to burn
(11:33 AM) tomthetrader: SPY 101.00
(11:33 AM) tomthetrader: Topping
(11:33 AM) willwin: yes had options
(11:33 AM) tomthetrader: RUT was higher ?
(11:34 AM) bitterwind4: yes am watching the DTline spy 15 min cht
(11:35 AM) tomthetrader: Thomas' CAT keeps going to his target
(11:35 AM) bitterwind4: which is almost exactly 101 level
(11:35 AM) tomthetrader: Please keep us updated Bitter...Thanks
(11:36 AM) hibuck2: bitter DT line?
(11:36 AM) bitterwind4: down trend
(11:36 AM) bitterwind4: tza poped
(11:36 AM) hibuck2: o ok thxs
(11:37 AM) tomthetrader: Huge POP in TZA
(11:37 AM) tomthetrader: Decent volume but nothing major in the climax area
(11:37 AM) bitterwind4: TWM nice
redliontrader: 10 day hi-lo: +206
(11:39 AM) tomthetrader: BUY 10% SKF in Main at 28.63
(11:42 AM) bitterwind4: would think CSCO could easily pb to 21 strike in this mkt,, but is holding 21.50
(11:43 AM) tomthetrader: TWM sold 33.46 10% off
(11:43 AM) bitterwind4: v nice trade
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(11:44 AM) tomthetrader: Thanks
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(11:45 AM) tomthetrader: 'sold ERY in Traders 18.21
(11:47 AM) eman11: yes i hAVe 28.63 too.
redliontrader: caught up..
redliontrader: just filled my 18.21
(11:48 AM) tomthetrader: Thank you RED
redliontrader: twm filled 33.45
redliontrader: traders TZA,TWM 20% short
(11:49 AM) tomthetrader: 33.44 we will sell 10% in Main
redliontrader: main DBA,TLT -long TWM ERY DTO SKF - short
(11:49 AM) tomthetrader: and then we will hold ....
redliontrader: one TWM postion left in traders@33.33 (10%)
(11:51 AM) thomas_Poland: hey
(11:52 AM) thomas_Poland: 1001.25 held
(11:52 AM) thomas_Poland:
(11:52 AM) thomas_Poland: 1005 today
(11:52 AM) thomas_Poland: one more rally
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(11:54 AM) tomthetrader: CAL
(11:55 AM) tomthetrader: 33.33 we will exit TWM break even in TRadrs
(11:56 AM) bitterwind4: didd buy 1/2 pos in CIEN .93
(11:58 AM) dhmohan1963: so much volume in cien in last few days how do you make out it is weak hands buying or strong hands buying
(11:58 AM) tomthetrader: weak hands will bail soon
(11:58 AM) tomthetrader: keep a tight stop and play momo
redliontrader: 12:00 NHS: NYSE 47, +113% d-1, +78% d-5
(12:00 PM) tomthetrader: sold ERY 18.21
(12:01 PM) bitterwind4: CIENs bo level was just tested so it was good level to try a trade too
(12:01 PM) tomthetrader: we will reenter these positions when our indicators look bad again
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(12:06 PM) bitterwind4: I should have had more patience with you in the TZA short...did look good....was a fight tho
(12:06 PM) tomthetrader: we are definitely not making it easy !
(12:08 PM) willwin: y
(12:08 PM) bitterwind4: ys and good
(12:08 PM) willwin: thk u for today, gotta get going again
(12:10 PM) csu30: FYI, heavy volume in the Jan UNG puts
(12:11 PM) csu30: I sold a few Jan 12 UNG puts as a long spec play
(12:13 PM) tomthetrader: http://www.ttthedge.com
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redliontrader: http://www.ttthedge.com/2009/05/want-to-trade-live-with-pros.html
(12:14 PM) tomthetrader: Thank you RED
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redliontrader: those in the DTO trade need to be managing it...
(12:26 PM) tomthetrader: YES
(12:26 PM) tomthetrader: sell stop at 75.25
(12:27 PM) tomthetrader: on our position stop 75.25
(12:28 PM) tomthetrader: stopped out DTO
(12:29 PM) sttteve: out 75.21 ty good trade
(12:29 PM) tomthetrader: SCO
redliontrader: out at 75.15
(12:29 PM) csu30: I'm out of ERY
(12:30 PM) tomthetrader: Great job ..still I am VERY BEARISH ON OIL
(12:31 PM) ajayvee: will we be re-entering TWM?
(12:31 PM) tomthetrader: I believe so TWM or TZA
(12:32 PM) tomthetrader: after a rally here
(12:32 PM) ajayvee: okay, just setting up my screens
redliontrader: 12:30 NHS: NYSE 50 +108% day-1, +77% day-5 (Rate of change is lower for the first time today)
redliontrader: 10 day nh-hl: +213
redliontrader: there have been 213 more new 10 day highs on the R3000 today than 10 day new lows
(12:34 PM) tomthetrader: BULLISH
redliontrader: yes
(12:35 PM) tomthetrader: setting up for another run long soon ?
(12:35 PM) csu30: Tom, what happens to holders of UNG if the ETF is discontinued?
redliontrader: maybe a retest of the highs?
(12:36 PM) tomthetrader: yes
(12:37 PM) csu30: Safer to sell puts to go long
(12:38 PM) tomthetrader: yes
(12:38 PM) csu30: Safer to sell UNG puts to go long UNG
(12:38 PM) tomthetrader: 100%
(12:38 PM) ajayvee: Naz +203 Vol +1.7:1
(12:38 PM) tomthetrader: sorta weak ?
(12:38 PM) ajayvee: NYSE A/D +955 Vol +3.9:1
(12:38 PM) ajayvee: RUT A/D +139 Vol +1.1:1
(12:38 PM) tomthetrader: weak
(12:38 PM) tomthetrader: weak
(12:38 PM) tomthetrader: weak
(12:39 PM) tomthetrader: so far
(12:41 PM) hibuck2: $PCRCO .69
(12:41 PM) tomthetrader: too many call buyers again after a 3 day repite
(12:42 PM) tomthetrader: resite
(12:42 PM) tomthetrader: respite
(12:42 PM) tomthetrader: Banks going higher
(12:42 PM) tomthetrader: stop SKF 2%
(12:43 PM) tomthetrader: XLF ...look at the strength ?
(12:43 PM) tomthetrader: carrying markets to new highs
(12:44 PM) Fulkdaddy: Rut lagging
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(12:45 PM) hibuck2: SWG UY 3.95 4.00 again SPY sept 103
(12:45 PM) hibuck2: trying for 3.90
(12:46 PM) thomas_Poland: can we go to 1008?
(12:50 PM) tomthetrader: C BAC AIG FRE and SIRI over 25% of Volume !
(12:50 PM) Fulkdaddy: Amazing statistic
(12:50 PM) Fulkdaddy: Bearish!!!
(12:51 PM) tomthetrader: 60x penny stock pink sheet volume since March 1
(12:52 PM) tomthetrader: QCOM on fire
(12:55 PM) thomas_Poland: out agian with hamburger profit
(12:55 PM) thomas_Poland: now I will only short today
(12:55 PM) Fulkdaddy: Never short a dull market...and this is like watching the proverbial "paint dry"
(12:55 PM) tomthetrader: a win is a win tp
(12:56 PM) tomthetrader: streak some together
(12:56 PM) tomthetrader: I agree with Dave and Thomas ...which is weird !
(12:56 PM) tomthetrader: I never agree with both !
(12:56 PM) thomas_Poland: 2nd aprril top was 12:40 and second short 2:50
(12:56 PM) thomas_Poland: I have also 1:25 time for short
(12:57 PM) thomas_Poland: if anyone wants to loose money
(12:58 PM) tomthetrader: I do I do ...how do I do it ...short here 10 ES at ?
(12:59 PM) tomthetrader: 1003.50
(12:59 PM) tomthetrader: 1004 ?
redliontrader: 12:30 NHS: NYSE 50 +108% day-1, +77% day-5 (Rate of change is lower for the first time today)
(1:00 PM) tomthetrader: XLF if it can't break 14.25 we will short 100%
redliontrader: 1pm NHS: NYSE 52 +100% day-1, +75% day-5 (Rate of change is lower for the 2nd time today)
(1:00 PM) tomthetrader: 1:55 pm
(1:00 PM) tomthetrader: toppy but opex week
(1:01 PM) tomthetrader: dto may have been a short squeeze Red ? Anyone ?
(1:01 PM) tomthetrader: DTO action in a flat oil market ?
(1:01 PM) tomthetrader: 3% up in Reg banks
redliontrader: 10 day hi-lo: +222
(1:03 PM) *** alset has left the room ***
(1:03 PM) tomthetrader: damn Bullish Red
(1:03 PM) tomthetrader: 'Keep me from shorting !
(1:04 PM) tomthetrader: Remember PRICE PRICE PRICE
(1:04 PM) tomthetrader: just like housing location location
(1:04 PM) tomthetrader: We have to discipline ourselves to price
(1:05 PM) tomthetrader: Cramer being accused of following GS conviction buy list and Xweig's hedge Fund 10 k's !
redliontrader: yes.. price is key... sentiment indicators slow to turn
(1:07 PM) ajayvee: that sure is a variation of his last name
(1:07 PM) tomthetrader: Zweig
(1:07 PM) ajayvee: like Zerox
(1:08 PM) ajayvee: the scary part is I understand your typing!
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(1:10 PM) tomthetrader: gild
(1:10 PM) tomthetrader: roche
(1:14 PM) ajayvee: The world according to TTT
(1:14 PM) tomthetrader:
(1:14 PM) ajayvee: love it tom!
(1:15 PM) tomthetrader: Thomas...where is everyone /
(1:15 PM) tomthetrader: WE ARE NOW SHORT WITH A SHORT STOP 1003.50 SHORT
(1:15 PM) tomthetrader: 10 CONTRACTS
(1:15 PM) tomthetrader: STOP 1008.00
(1:16 PM) tomthetrader: es
(1:17 PM) ajayvee: didn't hear anything on dto
(1:18 PM) bitterwind4: what is your opinion of spy puts or calls here Tom??
(1:18 PM) bitterwind4: sept
(1:19 PM) bitterwind4: ok tks
(1:19 PM) tomthetrader: 103.00 SEPT puts on SPY
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(1:23 PM) tomthetrader: ON ES we are entered 1003.50 stop 1008.00 for the Portfolio
(1:23 PM) tomthetrader: we will take quick profits
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(1:24 PM) tomthetrader: 1002.50
(1:25 PM) tomthetrader: 10 contracts sold 1002.50
(1:25 PM) tomthetrader: sold short at 1003.50 covered 10 at 1002.50
(1:26 PM) ajayvee: missed it
(1:30 PM) Fulkdaddy: Tom and Thomas, green or red close today?
(1:34 PM) tomthetrader: Got to stretch it out here and say up 35 DOW points
(1:35 PM) tomthetrader: HOD
(1:35 PM) ajayvee: shorting 1005 ES?
(1:36 PM) tomthetrader: we want to enter short close to here and 1:55pm
redliontrader: 1:30 nhS: 56 :: 93% D-1, 74% D - 5
(1:37 PM) ajayvee: hedgies coming in to sell today?
(1:37 PM) bitterwind4: did you double down TZA or TWM??
(1:37 PM) bitterwind4: am watchiing
redliontrader: a little bear food... we have not added a new Rut NH in 2 hours
(1:38 PM) Fulkdaddy: Kass has sold most all of his financial longs
(1:39 PM) Fulkdaddy: He has also taken down his short book as like Tom is saying, it is dangerous to short
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(1:40 PM) bitterwind4: How q2uickly can Kass enter or sell a position....it cannot be as easy as we
(1:41 PM) ajayvee: missed all those shorts, they took off!
(1:41 PM) bitterwind4: TZA working
(1:41 PM) tomthetrader: XLF 14.25 satruggle
(1:41 PM) bitterwind4: my stop is .30
(1:41 PM) ajayvee: AIG well off its highs
(1:42 PM) ajayvee: did you short COF tom?
(1:43 PM) bitterwind4: make my stop .27
redliontrader: 10 day hi-lo: +224
(1:43 PM) tomthetrader: Yes I took 1000 sh short in my personal account with more TOL
(1:44 PM) tomthetrader: COF short
(1:44 PM) tomthetrader: XLF short
(1:44 PM) tomthetrader: SKF long
(1:47 PM) hibuck2: IN SWG UY @ 3.95
(1:47 PM) tomthetrader: OK
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(2:01 PM) hibuck2: $PCRCO .67
(2:03 PM) ajayvee: Naz A/D +341 Vol +1.8:1
(2:03 PM) ajayvee: NYSE A/D +1131 Vol +4.6:1
(2:03 PM) ajayvee: RUT A/D +305 Vol +1.2:1
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(2:08 PM) ajayvee: did we short TWM TZA at 1:55?
(2:10 PM) ajayvee: things must really be bad....the Glen Campbell album is out
redliontrader: 2:00 nhs NYSE 62 + 100% d1, +82% D5
redliontrader: the Rut still has not added a new high.. but where it stopped the NYSE has ignited
redliontrader: 10 day nh-nl: +229
(2:13 PM) hibuck2: $TRIN .38 $TRIQE .71
(2:14 PM) thomas_Poland: I will be back at 2:50 ... this is painful process
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(2:18 PM) hibuck2: looks to me nothing is moving?
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(2:19 PM) ajayvee: you're right nothing!
(2:21 PM) bitterwind4: CIEN pegged 13
(2:21 PM) hibuck2: on a 5 min 0n SPY i hv stochastics in the last hour made 3 highs with the last a we bit lower than the last two
(2:21 PM) bitterwind4: NVDA might makee it to 14..slo grind
(2:22 PM) bitterwind4: GLW nothin...16 level
(2:22 PM) hibuck2: BRCD earnings after market 503.30 revs e .11
(2:23 PM) bitterwind4: again sht etfs bounce
(2:24 PM) hibuck2: block trade on BRCD 400,000 @ 7.99
(2:24 PM) ajayvee: did not get a fill at 1005
(2:25 PM) ajayvee: no TWM in portfolio
(2:25 PM) tomthetrader: 700 sh 15.25
(2:25 PM) ajayvee: 15.25
(2:25 PM) tomthetrader: traders
(2:25 PM) bitterwind4: tza
(2:25 PM) bitterwind4: yep
(2:26 PM) energy2x: in 15.25
(2:26 PM) tomthetrader: dug
(2:26 PM) tomthetrader: dto
(2:26 PM) tomthetrader: sco
(2:26 PM) tomthetrader: ery
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(2:26 PM) hibuck2: leaving stop on TZA still @ 14.92 ?
(2:27 PM) bitterwind4: ery
(2:27 PM) csu30: ERY is at 18.12
(2:27 PM) Fulkdaddy: Big storm just went through and killed my internet connection...back now
(2:27 PM) hibuck2: oky doky
(2:27 PM) bitterwind4: sitting at yest lows ERY
(2:28 PM) tomthetrader: ENERGY BEAR 3X(NYSEArca: ERY)
Real-Time: 18.12 0.41 (2.21%) 2:27pm EThelp
(2:28 PM) Fulkdaddy: Kass is taking a short traders here
(2:29 PM) Fulkdaddy: small short
(2:29 PM) Fulkdaddy: trading
(2:29 PM) ajayvee:
(2:30 PM) tomthetrader: ZWEIG FUND INC(NYSE: ZF)
Real-Time: 3.00 0.01 (0.33%) 1:22pm EThelp
(2:30 PM) tomthetrader: 2.92 stop zf
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(2:31 PM) Fulkdaddy: Sweet!
(2:31 PM) Fulkdaddy: Can't wait to hear Marty's views!
(2:31 PM) hibuck2: just hi to Marty
(2:32 PM) Fulkdaddy: How big of an issue does he see commercial real estate to be?
(2:32 PM) bitterwind4: How bout his market up down ..... for rest of 2009
(2:32 PM) csu30: What's his thoughts on inflation/deflation going forward?
(2:32 PM) Fulkdaddy: Does he think the Fed is forcing banks to buy the market with the billions the Fed has given them?
(2:33 PM) dhmohan1963: what about out look on china and india
(2:33 PM) dhmohan1963: inflation and stagflation
(2:33 PM) tomthetrader: yes
(2:33 PM) bitterwind4: refi good question
(2:33 PM) dhmohan1963: dollor falling badly or strength
(2:34 PM) dhmohan1963: buying propery in china or india
redliontrader: nhs 2:30: 62, +88% d1 +73% d5
redliontrader: 3 hours since a RUT nh..
(2:35 PM) tomthetrader: Take over the hen house
(2:35 PM) Fulkdaddy: we're in trouble
redliontrader: partyyyyyyyyyyyyyyyyyyyyyyyyyy
(2:35 PM) tomthetrader: Red ..please manage my positions ..I accept only profits !
redliontrader: np
(2:35 PM) tomthetrader: pick up the beer cans too
redliontrader: 10 day hi-lo: +229
(2:42 PM) ajayvee: Naz A/D +331 Vol +1.7:1
(2:42 PM) ajayvee: NYSE A/D +1000 Vol +4:1
(2:43 PM) ajayvee: RUT A/D +280 Vol +1.1:1
(2:45 PM) tomthetrader: stops at break even on profitable shorts ....thank you
(2:50 PM) bitterwind4: both NVDA and GLW hit their channel tops 15min 15 day
(2:52 PM) bitterwind4: CSCO goingto hit R2 3rday in a row 3 min ....should have sat in and not traded
(2:53 PM) ajayvee: did ERY get stopped out?
(2:53 PM) bitterwind4: I did
(2:53 PM) bitterwind4: .13
(2:53 PM) sttteve: y ajay
(2:53 PM) ajayvee: ok tnx
(2:54 PM) thomas_Poland: ok ... now one move up left ?
(2:54 PM) thomas_Poland: any ideas?
(2:55 PM) ajayvee: short the pop?
(2:55 PM) thomas_Poland: for tomorrow yes
(2:55 PM) thomas_Poland: but not sure how far we go up
(2:56 PM) eman11: I have a 2% stop on my shorts
(2:56 PM) thomas_Poland: I have 3:05 time as possible long
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(2:58 PM) bitterwind4: fulkdaddy I think it was u yest who said CSCO easy to 22-22.25.
(2:59 PM) bitterwind4: if so you where right
(2:59 PM) bitterwind4: strg move up
(2:59 PM) Fulkdaddy: It was not me...but would love to take credit for the call
(2:59 PM) Pete45: just got back from project
(3:00 PM) bitterwind4: maybe aj heh
(3:00 PM) ajayvee: nopoe not me
(3:00 PM) Pete45: out ERX +$2.72
(3:01 PM) ajayvee: you're early thomas
(3:01 PM) Pete45: wow -That GILD
(3:04 PM) Pete45: hold or sell gild? -I think next stop is 46.66
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(3:07 PM) thomas_Poland: will I regret again not listening to my long at 3:05 ?
(3:08 PM) ajayvee: very talented watch thomas
redliontrader: 3pm nhs: 64 +83% d1, +71%D5
redliontrader: 10 day hi-lo = 237
(3:10 PM) thomas_Poland: it can finish 3:40 but without me
(3:10 PM) thomas_Poland: I am not going to chase it
(3:10 PM) thomas_Poland:
(3:10 PM) thomas_Poland: see you all on Monday
(3:11 PM) thomas_Poland: as I will not be able to trade tomorrow
(3:11 PM) dhmohan1963: TZA hit stops
(3:11 PM) thomas_Poland: but on OPEX it is good thing
(3:11 PM) ajayvee: have a great weekend thomas
(3:11 PM) thomas_Poland: meeting with friends from high school
(3:11 PM) thomas_Poland: every year in the last 10 years in the same place
(3:11 PM) thomas_Poland:
(3:11 PM) thomas_Poland: maybe I will not be able to trade on Monday???
(3:12 PM) thomas_Poland:
(3:12 PM) eman11: Have fun Thomas.
(3:12 PM) thomas_Poland:
(3:12 PM) ajayvee: polish vodka with polish beer chasers?
(3:12 PM) thomas_Poland: actually I drink Teqilla
(3:12 PM) thomas_Poland:
(3:12 PM) thomas_Poland: and beer
(3:12 PM) thomas_Poland:
(3:13 PM) thomas_Poland: killing mix
(3:13 PM) eman11: We are at the 101 resistannce level for spy
(3:13 PM) thomas_Poland: 980 max pain
(3:13 PM) thomas_Poland: that woould make nice move down tomorrow
(3:13 PM) thomas_Poland: but I don't think it is possible
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(3:13 PM) thomas_Poland: tomorrow sideways to down .. but afternoon bounce very possible
(3:15 PM) eman11: I am going on vacation to FL will me in and out for the next week.
(3:16 PM) eman11: whoops will be in and out for the next week
(3:16 PM) ajayvee: that's ok eman, you just started early
(3:16 PM) eman11: LOL
(3:17 PM) eman11: I am still in my shorts not stopped out yet. Hoping to hang on until tomorrow.
(3:18 PM) ajayvee: I was stopped out of ERY but reentered at 18.00
(3:18 PM) ajayvee: still holding TZA
(3:19 PM) Pete45: Ung making new lows -thank you Tom from stoping me from getting in the other day
(3:19 PM) eman11: Go pick up Still holding SKF, TZA and ERY with stops in place.
redliontrader: TZA Stopped b/e, SKF stopped b/e, ERY Stopped B/E
redliontrader: Traders TZA from 15.54
redliontrader: Main TBT, ZF and DBA
(3:20 PM) eman11: I have no idea where "Go pick up" came from. I have gotta go but will check in later tonight or tomorrow. Thanks
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(3:21 PM) ajayvee: have a g'evening!
redliontrader: see you later eric
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(3:25 PM) Pete45: Red -I don't see GILD on the web main fund -did we sell?
redliontrader: the GIld we bought 2 days ago pete?
(3:27 PM) Pete45: yes
redliontrader: sold 33.59 yesterday
(3:27 PM) Pete45: k, thanks
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redliontrader: http://pv.ttthedge.com/2009/05/closed-trades.html
redliontrader: too bad about missing that closing call.. lol
redliontrader: 33.59 of course is 44.59
redliontrader: i have spx cash, ES and YM at their 1% pullback from last high
redliontrader: nq at about 1.5% and TF at 2%
redliontrader: 3:30pm NHS 68, 94% above y'day and 77% above 5day
(3:31 PM) tomthetrader: sold ZF 3.02 in Main quick profit
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(3:37 PM) ajayvee: uh-oh, tom must have got some advice from the owner
(3:37 PM) tomthetrader: we will add TZA 10% in Traders at 15.07
(3:37 PM) Fulkdaddy: When do we hear the detail of your call with MZ?
(3:38 PM) tomthetrader: 4:01pm
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(3:38 PM) tomthetrader: 15.07 add TZA another 10%
(3:38 PM) tomthetrader: 30% total
(3:41 PM) tomthetrader: we will add 10% more TZA limit at 15.05
(3:41 PM) tomthetrader: filled
(3:41 PM) tomthetrader: 40% Now and we will put in a limit for 20% at 15.00
redliontrader: i am off by 10%
(3:42 PM) tomthetrader: OK we had 10%
(3:42 PM) bitterwind4: did in TZA .08
(3:43 PM) bitterwind4: do you have a target Tom
redliontrader: we stopped one lot at 15.25 b/e
(3:43 PM) ajayvee: TZA at 15.54, .07, .07, .05
(3:44 PM) tomthetrader: OK Good Thanks RED
(3:44 PM) tomthetrader: 30%
(3:44 PM) bitterwind4: 15.25-.30 seemes very doable
(3:44 PM) ajayvee: I have 2 buys at .07
(3:45 PM) sttteve: agree ajay seems 2 buys at .07
(3:45 PM) tomthetrader: 30% TZA in Traders 20% limit to buy at 15.00
(3:45 PM) Fulkdaddy: Tom, see Bensignor on DBA
(3:45 PM) tomthetrader: 2 buys at 15.07 is correct
(3:45 PM) sttteve: ty Tom
(3:45 PM) tomthetrader: IS He out of DBA cause of $ Dave ?
(3:46 PM) Fulkdaddy: No a regulatory issue
(3:46 PM) ajayvee: so we have 40% in traders now and another limit buy 20% at 15.
redliontrader: ok.. that is the missing 10% then
(3:46 PM) thomas_Poland: 3:40 short ?
(3:46 PM) sttteve: yes Red
redliontrader: you guys are so much better than me.. !
(3:47 PM) sttteve: not really you are doing all the work
(3:47 PM) ajayvee: we don't have as much going on as you do red
(3:47 PM) sttteve: I just sit around and complain
(3:47 PM) ajayvee: no oil short?
(3:49 PM) tomthetrader: ery got stopped...DUG ?
redliontrader: TZA Stopped b/e, SKF stopped b/e, ERY Stopped B/E
(3:50 PM) Fulkdaddy: Great!
redliontrader: posted 3.19
(3:50 PM) Fulkdaddy: Marty is the man!
(3:50 PM) tomthetrader: Thanks
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(3:53 PM) Pete45: sold gild
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redliontrader: nice trade pete
(3:57 PM) Pete45: thanks...Somehow the stars lined up for me today
(3:57 PM) tomthetrader: WTG Pete GILD FCX GS QCOM all our stocks on fire
(3:57 PM) sttteve: good Pete we deserve that every once in a while
(3:57 PM) tomthetrader: Like DTO today !
(3:58 PM) Pete45: yes Tom -Thank you
redliontrader: you need to be in the market so when they do.. you make $$$$ that's the secret.. staying the in gage while not losing money 80% of the time and making $$$$$$ 20 % of the time
(3:58 PM) tomthetrader: 100% CORRECT
redliontrader: o good, my math worked out!
(3:59 PM) tomthetrader: we will add TZA here to get 100% short
(4:00 PM) tomthetrader: 15.07 got 100% shport
(4:00 PM) tomthetrader: 3 fills at 15.07
(4:00 PM) tomthetrader: SCREW them Falsh trading bastardss
(4:00 PM) tomthetrader: or flash
(4:01 PM) Fulkdaddy: Those muther F'ers
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(4:02 PM) tomthetrader: worried
(4:02 PM) sttteve: him or me?
(4:02 PM) tomthetrader: he hates this market
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(4:04 PM) tomthetrader: zf 3.05
(4:04 PM) Fulkdaddy: if he hates bonds, then TBT and TBF?
(4:05 PM) dhmohan1963: i was kicked out did u finich your 5 min talk
redliontrader: dh.. he is still talking.. restart if you can't hear him
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(4:06 PM) dhmohan1963: i cant hear
(4:06 PM) dhmohan1963: i started 3 times already
redliontrader: get out and then reenter
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redliontrader: dh... is it working now?
(4:10 PM) dhmohan1963: yes
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(4:13 PM) tomthetrader: 1025
(4:13 PM) tomthetrader: spx
(4:13 PM) Fulkdaddy: Does he think we can go retest the lows
(4:18 PM) tomthetrader: 1025 spx high
redliontrader: http://politicalcalculations.blogspot.com/2009/07/will-chinas-economy-burst.html
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(4:21 PM) Fulkdaddy: great update from MZ!
(4:21 PM) pointfisher: thanks very much for the update
(4:22 PM) ajayvee: thanks so much for the insight!
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(4:25 PM) Fulkdaddy: how old is he now+
(4:25 PM) tomthetrader: alcan
(4:28 PM) Fulkdaddy: what was the SEC investigation?
(4:29 PM) hibuck2: dorfman heard on the street
(4:30 PM) Fulkdaddy: He did seem to fall off the face of the earth
(4:31 PM) Fulkdaddy: thanks again
(4:31 PM) ajayvee: Thanks tom
(4:31 PM) tomthetrader: TTT Out
(4:31 PM) tomthetrader: Thanks
(4:32 PM) csu30: Thanks Tom - very interesting Zweig stuff!
(4:32 PM) tomthetrader: Thanks for listening
(4:32 PM) tomthetrader: heady days back then
(4:35 PM) csu30: Good memories - I used to have an account with EF Hutton
(4:35 PM) tomthetrader: VLE Value Line
(4:35 PM) csu30: Guess that dates me!
(4:37 PM) tomthetrader: Thanks
(4:37 PM) sttteve: ty for commentary
(4:37 PM) tomthetrader: Thanks for listening
(4:37 PM) bitterwind4: v interesting. tks Tom
(4:38 PM) tomthetrader: Thank you B
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