transcript for Nov. 10th

[torero 10]

I'll be in the chat room late today so if someone can save the transcript of the opening for me, I'd appreciate it. Thanks.

[Soultrader 12]

Ill make sure to save it Torero. See you there.

[Soultrader 12]

Hi Torero,

 

We had a server crash this morning so this is the only log I was able to save. I was booted off the site for a good hour.

 

[TinGull] 9:49 am: yea, they're hanging out in the noise zone, though

[namstrader] 9:49 am: we have a BB squeeze now too in the chop zone

[TinGull] 9:49 am: negative ticks

[soultrader] 9:50 am: hmm i stoped using it

[soultrader] 9:50 am: itll have the take out that lower tick reading

[TinGull] 9:50 am: ticks keep making lower highs too

[Trading Room]: feb2865 has entered at 9:50 am

[soultrader] 9:51 am: hey raul we are all waiting for you to start selling 100 lots on the ym

[TinGull] 9:51 am:

[soultrader] 9:51 am: actually a 1000 would do

[JayRemy] 9:51 am: lol

[feb2865] 9:52 am: lol

[feb2865] 9:52 am: the market got stuck

[soultrader] 9:52 am: yea half the dow stocks are green and red

[Trading Room]: gomes has left at 9:52 am

[Trading Room]: gomes has entered at 9:52 am

[TinGull] 9:53 am: low tick

[soultrader] 9:53 am: that 35 prints look good

[soultrader] 9:54 am: er2 is making lower highs

[TinGull] 9:54 am: nasdaq just went red, too

[soultrader] 9:54 am: dow still needs to take out the low

[namstrader] 9:55 am: what is holding the bus here

[TinGull] 9:55 am: SOX index is at a 20 and 50 MA...could be holding the market

[soultrader] 9:55 am: 36-37 should be short term resistance now

[TinGull] 9:56 am: here goes the dow

[TinGull] 9:56 am: nasdaq took out its lows

[soultrader] 9:56 am: er2 new lows also

[namstrader] 9:57 am: new tick low momentarily

[TinGull] 9:57 am: nice and steady lower highs on the tick

[soultrader] 9:58 am: 29 is key

[soultrader] 9:58 am: did not want to seee that 36

[TinGull] 9:59 am: yea

[TinGull] 9:59 am: not impressed

[TinGull] 10:00 am: was happy when I saw the 30 prints

[TinGull] 10:00 am: hehe

[feb2865] 10:00 am: spiky morning

[namstrader] 10:00 am: exit 40 stopped again

[TinGull] 10:00 am: theres some buying

[soultrader] 10:01 am: tick at upper range but amaking lower high

[soultrader] 10:01 am: im flat

[Trading Room]: guavaman has left at 10:01 am

[soultrader] 10:01 am: grrr

[TinGull] 10:01 am: i hear ya

[JayRemy] 10:01 am: wow

[TinGull] 10:02 am: 1000+ tick

[soultrader] 10:02 am: look at the er2 go

[Trading Room]: guavaman has entered at 10:02 am

[guavaman] 10:02 am:

[TinGull] 10:03 am: wow

[TinGull] 10:03 am: see if this 47 can hold it again

[soultrader] 10:03 am: guavaman... when u sign in make sure the box "remember me" is

checked. it might help you from being signed off

[guavaman] 10:03 am: will do

[JayRemy] 10:06 am: test

[feb2865] 10:07 am: guys I will love to stay but I have to hit the road...good luck today

and whatchout looks like a spiky Friday

[soultrader] 10:07 am: long ym 41

[MrPaul] 10:07 am: alright feb take it easy

[soultrader] 10:07 am: have a nice weekend raul

[JayRemy] 10:07 am: seeya feb

[TinGull] 10:08 am: Covered at 37 for a whopping +10

[TinGull] 10:08 am: later raul

[soultrader] 10:08 am: omg u shorted that?

[soultrader] 10:08 am: thats major balls

[guavaman] 10:08 am: catch u on the flip side feb

[feb2865] 10:08 am: bye

[soultrader] 10:08 am: later

[TinGull] 10:08 am: at 47

[namstrader] 10:08 am: bye feb

[Trading Room]: feb2865 has left at 10:08 am

[TinGull] 10:08 am: I was short like 20 minutes ago

[soultrader] 10:09 am: i thought u shorted the rally

[TinGull] 10:09 am: missed me target by 2 ticks before, and figured I'd get out with

something to pay for lunch

[JayRemy] 10:09 am: i dont know if i need coffe or a double vodka !!!

[TinGull] 10:09 am: oh, not that last rally

[soultrader] 10:10 am: crap im gonna get stopped out

[TinGull] 10:10 am: oh....awesome. if we hit 28 I'll flip. HAHAHA

[JayRemy] 10:10 am: 29 my stop

[namstrader] 10:10 am: double shotgun for me last few days

[soultrader] 10:11 am: flat

[TinGull] 10:11 am: sweet

[TinGull] 10:11 am: look at that

[TinGull] 10:11 am: daggonnit. oh well

[soultrader] 10:11 am: short 28

[soultrader] 10:11 am: freakin chasing now

[soultrader] 10:12 am: break of low

[soultrader] 10:12 am: with tick hook to negative

[namstrader] 10:13 am: that was nice to see

Trading Room]: Soultrader has entered at 10:18 am

[Trading Room]: gomes has left at 10:18 am

[Trading Room]: gomes has entered at 10:18 am

[soultrader] 10:19 am: flat

[JayRemy] 10:19 am: flat broke ! (just kidding )

[namstrader] 10:19 am: lol

[soultrader] 10:20 am: thought they might take it to the 15 level...

[soultrader] 10:20 am: might reenter

[JayRemy] 10:21 am: 15 yesterday low?

[soultrader] 10:21 am: yea

[namstrader] 10:21 am: yest low seems like more likely

[namstrader] 10:22 am: yesterday soul i was looking at how prices seem to hit the low or

high and sometimes both each session

[soultrader] 10:23 am: price usually likes testing those areas

[soultrader] 10:23 am: if it breaks watch out

[soultrader] 10:23 am: gonna watch this ym to see if it wants to bounce at 15 or break

[Trading Room]: gomes has left at 10:24 am

[Trading Room]: gomes has entered at 10:24 am

[guavaman] 10:24 am:

[soultrader] 10:25 am: argg youre blinding me

[soultrader] 10:25 am: gauvaman i think it was my server this time

[soultrader] 10:27 am: alrite watch 15 level guys.. should be interesting if we get there

[JayRemy] 10:27 am: price is very slow getting anywhere

[namstrader] 10:28 am: yes

[TinGull] 10:28 am: the dow is charging to its lows from yesterday

[soultrader] 10:29 am: 15 is the low and right at the trendline on the daily

[soultrader] 10:29 am: will be key

[JayRemy] 10:29 am: high volume too

[TinGull] 10:30 am: lots of buying

[namstrader] 10:30 am: entry 17

[soultrader] 10:30 am: long 17

[namstrader] 10:30 am: long

[soultrader] 10:31 am: if i get stopped im reversing

[JayRemy] 10:31 am: where ur stop

[TinGull] 10:31 am: your stop at 28?

[soultrader] 10:31 am: 07

[soultrader] 10:31 am: gonna watch 00 though

[TinGull] 10:31 am: oh

[soultrader] 10:32 am: tin im long

[TinGull] 10:32 am: sorry...thats where I'm looking to short at 28

[TinGull] 10:32 am: was confused

[Trading Room]: JayRemy has left at 10:37 am

[Trading Room]: JayRemy has entered at 10:37 am