transcript for Nov. 10th

[torero]

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]

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

[Soultrader]

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