[08:47] Lucefear: good morning!
[08:47] Lucefear: Nas ft -9
[08:48] Lucefear: futures were bit higher earlier
[08:49] Pl8z2win: hi luce and all
[08:49] Lucefear: hi pl!
[08:49] Lucefear: my sclpaer list: INTC; CSCO, MSFT, JDSU, ORCL, SUNW, AMAT
[08:49] Lucefear: hi elk!
[08:53] Lucefear: what's on your list today El-Kabong?
[08:53] El-Kabong: nete
[08:53] El-Kabong: rimm
[08:53] El-Kabong: sape
[08:54] El-Kabong: webm....but they have a conference tomm.....
[08:54] El-Kabong: and ntiw
[08:54] Pl8z2win: be careful sape...looks like a possible coiled spring
[08:54] El-Kabong: ntiq
[08:55] Pl8z2win: on any market strength
[08:56] El-Kabong: not worried on sape
[08:56] El-Kabong: tons of shorts....
[08:57] Pl8z2win: k
[08:57] El-Kabong: the buys are short covers, no "new" buyers
[08:58] El-Kabong: these analysts, can't believe they haven't picked up on why Greenie cut so much so quick, ....A-holes...
[09:00] Lucefear: I'm on the careful side again today
[09:01] Lucefear: buying will happen in the first two hours, if nay
[09:01] Lucefear: nay=any
[09:01] Lucefear: we didn't se emuch buying later in the day recently
[09:02] Lucefear: only small rebounds after bigger drops
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[09:02] El-Kabong: WEBM has a webcast w/ morgan tomm. FWIW. 10:30 a.m
[09:03] apollo2k: morning folks!
[09:03] Lucefear: $csco
[09:03] Alert-Info: CSCO 36 5/8 x 35 5/8 Close (36 5/8)
[09:03] Lucefear: CSCO down a point
[09:04] El-Kabong: Pl8z2win u still short rimm?
[09:04] Pl8z2win: yes
[09:04] Pl8z2win: to 30 lol
[09:04] El-Kabong: hehe
[09:04] El-Kabong: yes no prob.
[09:05] El-Kabong: a gift
[09:05] Pl8z2win: does have support in 40 area
[09:05] El-Kabong: hoping for a pop,
[09:06] Lucefear: Nas ft -9
[09:06] Pl8z2win: fyi SAPE earn 1/25
[09:06] Pl8z2win: looks scary to me
[09:07] El-Kabong: could be....lol
[09:08] El-Kabong: but the sector and forward #'s ...outweight the chart
[09:08] Lucefear: not much news today, markets could just slip lower
[09:09] Lucefear: Europe is down a bit
[09:09] Pl8z2win: AMCC has been bouncing off 60
[09:10] Lucefear: $coms
[09:10] Alert-Info: COMS 9 1/2 x 9 1/8 Close (9 1/32)
[09:10] Lucefear: COMS gapping up
[09:10] Pl8z2win: CORR interesting
[09:11] Lucefear: $egrp
[09:11] Alert-Info: EGRP 9 1/2 x 8 13/16 Close (9 11/16)
[09:11] apollo2k: Bio´s looking stronger today
[09:12] Pl8z2win: yes
[09:12] Pl8z2win: corr has sold off a lot
[09:12] El-Kabong: just a bitty bounce before the dump on bio's
[09:12] El-Kabong: its there turn....waiting for this bounce to fail .them i am on them like the b2b's
[09:13] Pl8z2win: bio's in news today
[09:13] El-Kabong: positive again?
[09:13] Pl8z2win: yes some
[09:13] Pl8z2win: OXHP looks good hmo
[09:14] El-Kabong: good , just watch the sector for fail bounce....
[09:14] El-Kabong: lol
[09:15] Alert-Info: 15 minutes to market open
[09:15] Pl8z2win: CORR res 31 1/2 then 40
[09:16] Lucefear: my scalper list: INTC, CSCO, MSFT, JDSU, ORCL, SUNW, AMAT
[09:16] Lucefear: the best way to make some bucks in this market is to watch a few stocks only and scalp them
[09:16] Lucefear: long & short
[09:17] El-Kabong: SAP not SAPE's earnings today might prop up the software stocks to day, a good op for shorts...lol
[09:17] Lucefear: all other patterns more difficult to trade currently
[09:17] Pl8z2win: my mentions are possible swings ::)
[09:18] Alert-Info: DOW 10661.61 -250.80 NAS 2407.65 -159.18 TICK +361.00 S&P; 1298.35 -34.99
[09:18] El-Kabong: yes we should have a green day one of these days..
[09:18] El-Kabong: LOL
[09:18] Lucefear: elk, COMS what you say
[09:18] El-Kabong: don't follow it
[09:19] El-Kabong: i think the range is small ....
[09:19] El-Kabong: no?
[09:19] Lucefear: short 10k and range gets bigger!
[09:19] El-Kabong: lol
[09:20] Pl8z2win: wednesday earnings YHOO RATL MOT
[09:20] Alert-Info: 10 minutes to market open
[09:20] Lucefear: yes
[09:20] Lucefear: earnings season again, pia
[09:21] Lucefear: Na ft -18
[09:22] Pl8z2win: elka look at NUAN
[09:22] El-Kabong: done with it
[09:22] El-Kabong: hehe
[09:22] Pl8z2win: ha
[09:22] El-Kabong: paid for my trip to mexico
[09:23] Pl8z2win: cool
[09:23] Lucefear: lol
[09:23] El-Kabong: 20's like i said
[09:23] El-Kabong: lol
[09:23] El-Kabong: it should actually go lower.....
[09:23] El-Kabong: the company is a joke
[09:25] Alert-Info: 5 minutes to market open
[09:26] Pl8z2win: CORR nice
[09:28] Pl8z2win: ARBA may bounce today ahead of earnings
[09:28] El-Kabong: hope so
[09:28] El-Kabong: the higher the better
[09:29] Alert-Info: 1 minute to market open!
[09:30] Alert-Info: DOW -6.50 ut
[09:30] Alert-Info: markets open, good luck!
[09:30] Alert-Info: NAS -18.93 ut
[09:30] Alert-Info: TICK -6.00 dt
[09:30] Alert-Info: DOW -26.43 dt
[09:30] Lucefear: CSCO, INTC down
[09:31] Lucefear: think COMS a short
[09:31] Lucefear: can't see big news
[09:32] lead: $csco
[09:32] Alert-Info: CSCO pace: 2120 271 0 0
[09:32] Alert-Info: TICK +186.00 ut
[09:33] Alert-Info: DOW -41.48 dt
[09:33] Alert-Info: Reminder: Have a plan and a clear set of rules
[09:33] Alert-Info: DOW 10621.96 -40.05 NAS 2386.70 -20.95 TICK +230.00 S&P; 1294.27 -4.08
[09:33] Lucefear: MSFT holds up so far
[09:34] Lucefear: CSCO still selling
[09:34] Alert-Info: NAS -25.67 dt
[09:34] Alert-Info: DOW -58.15 dt
[09:34] Alert-Info: NAS -31.96 dt
[09:35] Alert-Info: NAS -36.71 dt
[09:35] Lucefear: looking for the first bottoms
[09:36] Lucefear: MSFT strong
[09:36] Alert-Info: NAS -42.13 dt
[09:36] Lucefear: SUNW selling
[09:37] apollo2k: ugly again humm
[09:37] Alert-Info: NAS -47.84 dt
[09:37] Lucefear: ORCL selling
[09:38] Lucefear: market opens and bleeding out
[09:38] Lucefear: sad
[09:38] Lucefear: JDSU holds up
[09:38] Alert-Info: NAS -52.97 dt
[09:39] Alert-Info: DOW -38.22 ut
[09:39] Lucefear: bottoms here
[09:39] Alert-Info: NAS -46.77 ut
[09:40] Alert-Info: DOW -22.77 ut
[09:40] Lucefear: $jdsu
[09:40] Alert-Info: CSCO 35 3/8 x 35 7/16 V 3,135,700 CHG -1 1/4 -3.41%
[09:40] Alert-Info: JDSU pace: 304 225 266 307
[09:40] Alert-Info: NAS -41.19 ut
[09:41] Lucefear: $csco
[09:41] Alert-Info: CSCO 34 13/16 x 34 7/8 V 9,018,300 CHG -1 11/16 -4.61%
[09:41] Alert-Info: CSCO pace: 529 782 545 737
[09:41] Lucefear: wow JDSU
[09:41] Alert-Info: DOW -7.32 ut
[09:41] Alert-Info: TICK +361.00 ut
[09:42] Alert-Info: NAS -47.83 dt
[09:43] Lucefear: only JDSU and MSFT bounced here
[09:43] Alert-Info: NAS -52.68 dt
[09:44] apollo2k: weird charts today
[09:44] Lucefear: the stocks which held up during the selling at the open
[09:44] Lucefear: ft pb
[09:44] Lucefear: quick JDSU pb
[09:44] Lucefear: pretty volatile JDSU today here
[09:45] chep: hi folks
[09:45] Lucefear: another market bottom
[09:45] Lucefear: hi chep!
[09:45] chep: morning luce lol!
[09:46] Alert-Info: NAS -46.90 ut
[09:47] Lucefear: doesn't look promising here
[09:47] Lucefear: seems it can't bounce off double bottom
[09:47] Alert-Info: NAS -52.78 dt
[09:47] Lucefear: let's see
[09:48] Lucefear: Dow bounced well
[09:48] Alert-Info: DOW 10660.79 -1.22 NAS 2356.35 -51.30 TICK +409.00 S&P; 1293.22 -5.13
[09:48] Lucefear: may try JDSU on Nas ut
[09:48] Lucefear: market iffy here, careful
[09:49] Lucefear: INTC bounces a bit
[09:49] Lucefear: ft still pausing here
[09:49] Lucefear: we go lower I'm afraid
[09:50] Lucefear: ft dt
[09:50] Alert-Info: NAS -57.79 dt
[09:51] Lucefear: Nas ft limit down once again
[09:51] Lucefear: $csco
[09:51] Alert-Info: NAS -62.50 dt
[09:51] Alert-Info: CSCO 34 1/8 x 34 3/16 V 15,101,800 CHG -2 7/16 -6.66%
[09:51] Alert-Info: CSCO pace: 495 450 492 685
[09:51] Lucefear: down over 6% again, ugly
[09:51] Alert-Info: TICK +186.00 dt
[09:51] Alert-Info: DOW -23.99 dt
[09:51] El-Kabong: short rimm
[09:52] Lucefear: shorts a good idea as usual....
[09:52] Lucefear: nice MSFT pb
[09:52] Lucefear: interesting
[09:54] Alert-Info: NAS -67.75 dt
[09:54] Lucefear: all bounce attpemt failing so far
[09:54] Alert-Info: NAS -72.87 dt
[09:54] Lucefear: for longs I only watch JDSU and MSFT
[09:55] Lucefear: all others haven shown a bounce
[09:55] gaper1: sape going lower
[09:56] El-Kabong: sape 11-12 easy, if not today...this week
[09:56] Lucefear: going long MSFT
[09:57] El-Kabong: unless the mkt runs...but still a pig
[09:57] El-Kabong: sape
[09:57] Alert-Info: NAS -67.76 ut
[09:57] zuki: cover CIEN +7/16
[09:57] Lucefear: AMAT nice
[09:57] Lucefear: nice zuki!
[09:58] Lucefear: nice JDSU bounce
[09:58] Alert-Info: TICK +373.00 ut
[09:58] Alert-Info: NAS -61.87 ut
[09:58] Lucefear: ft ut
[09:58] El-Kabong: some bounces
[09:58] Alert-Info: DOW -8.94 ut
[09:58] Lucefear: Nas ft still limit down
[09:58] Lucefear: open now
[09:59] Lucefear: still weak sucker bounces
[10:00] Lucefear: only JDSU with bit momo
[10:00] Alert-Info: 10:00 AM
[10:00] El-Kabong: ad rimm short
[10:00] Alert-Info: TICK +186.00 dt
[10:00] El-Kabong: add
[10:01] Pl8z2win: stopped rimm short
[10:01] Lucefear: come on Nas!
[10:01] Alert-Info: DOW +7.73 ut
[10:01] chep: out JDSu +7/16
[10:01] Lucefear: looking for bit more ut after this pb here
[10:02] Lucefear: CSCO bounce
[10:02] Alert-Info: NAS -57.09 ut
[10:03] Alert-Info: Trading mistake: Revenge trades
[10:03] Alert-Info: DOW 10666.49 +4.48 NAS 2353.03 -54.62 TICK +247.00 S&P; 1292.21 -6.14
[10:03] Lucefear: out MSFT +1/2
[10:03] Alert-Info: NAS -51.40 ut
[10:04] chep: INTC nice
[10:04] Alert-Info: TICK +361.00 ut
[10:04] Lucefear: good ft ut
[10:04] Alert-Info: NAS -46.83 ut
[10:05] Alert-Info: DOW +24.81 ut
[10:05] Alert-Info: NAS -42.10 ut
[10:05] El-Kabong: nice bounce
[10:05] Lucefear: out rest MSFT +9/16
[10:06] Alert-Info: NAS -47.73 dt
[10:07] Alert-Info: NAS -53.34 dt
[10:07] Lucefear: these fast pullbacks are tough
[10:08] Lucefear: needs to time the exit perfectly on longs
[10:08] Lucefear: $amat
[10:08] Alert-Info: AMAT 44 1/8 x 44 3/16 V 3,821,400 CHG 1.5469 3.62%
[10:08] gaper: artg hot
[10:08] Alert-Info: AMAT pace: 312 256 199 170
[10:08] Lucefear: AMAT nice move here
[10:08] El-Kabong: add rimm short ouch
[10:08] El-Kabong: lol
[10:09] Alert-Info: TICK +183.00 dt
[10:09] Alert-Info: DOW +9.36 dt
[10:10] Lucefear: we should short all these bounces
[10:10] Alert-Info: NAS -60.61 dt
[10:10] Pl8z2win: what a nice short op that was
[10:10] El-Kabong: a gift
[10:10] Alert-Info: TICK -17.00 dt
[10:10] apollo2k: lol
[10:10] Alert-Info: DOW -6.10 dt
[10:10] Lucefear: CSCO bp
[10:10] Lucefear: everything pb
[10:10] Alert-Info: NAS -67.40 dt
[10:11] Alert-Info: DOW -22.47 dt
[10:11] Lucefear: nice MSFT pb
[10:12] Lucefear: geez, what a strong pb again
[10:13] Lucefear: not playing these bottoms long here
[10:13] Alert-Info: NAS -62.45 ut
[10:13] Lucefear: might be good but in this market better safe
[10:13] Lucefear: quite jumpy this JDSU today
[10:14] lemonde: than sorry:)
[10:14] Lucefear: yes ;)
[10:14] Lucefear: we know at least one thing, there is usually one better bounce in the morning
[10:14] Lucefear: but the rest often just fake bounces
[10:15] Lucefear: as long we don't see any strength (means strong bounces) we should stick to shorts the rest of the day
[10:15] Lucefear: markets pullled back to the lows
[10:15] Lucefear: let's see if they we make new lows now
[10:16] chep: El-Kabong still loaded with SAPE shorts?
[10:16] El-Kabong: yep
[10:16] chep: will come down that pig
[10:16] El-Kabong: holding for some RB's
[10:17] chep: ARBA strong
[10:17] Lucefear: $arba
[10:17] Alert-Info: ARBA 37 1/8 x 37 3/16 V 5,122,100 CHG 3 8.78%
[10:17] Alert-Info: ARBA pace: 308 130 111 231
[10:17] Pl8z2win: OXHP beauty
[10:18] Alert-Info: NAS -68.49 dt
[10:18] Pl8z2win: ARRIBA ARRIBA ARRRIBA lol
[10:18] Alert-Info: DOW 10637.21 -24.80 NAS 2339.16 -68.49 TICK -71.00 S&P; 1288.07 -10.28
[10:18] Lucefear: what's the news
[10:18] Lucefear: see none
[10:19] Pl8z2win: earnings optimism...expected to do well
[10:19] Lucefear: hehe
[10:19] El-Kabong: i want it in the 40's again :)
[10:19] El-Kabong: it will be a gift again
[10:19] El-Kabong: lol
[10:20] Alert-Info: NAS -62.36 ut
[10:20] Pl8z2win: i want it in the 40's too for opposite reason lol
[10:20] El-Kabong: hehe
[10:20] El-Kabong: GOO ARBA!!
[10:20] Alert-Info: TICK +163.00 ut
[10:21] Lucefear: seems market could bottom here
[10:21] Pl8z2win: BEAS was great short
[10:21] Lucefear: do not chase any longs
[10:21] El-Kabong: but 40 on arba too optomistic....but who knows
[10:22] Lucefear: buy the exact bottoms, otherwise not much in it
[10:22] Pl8z2win: not holding for 40 lol
[10:22] El-Kabong: 37 will be hard to break
[10:22] Alert-Info: TICK -20.00 dt
[10:23] Lucefear: ORCL looks quite weak
[10:23] El-Kabong: if this area breaks up ARBA then it could run nice
[10:23] Lucefear: CMGI lost 4 hehe
[10:23] Lucefear: why didn't we held the short elk!!!
[10:23] El-Kabong: why why why on tons of the pigs
[10:23] El-Kabong: lol
[10:24] chep: Pl8z2win wise man-what about KEM?
[10:24] Pl8z2win: ARTG KLAC strong
[10:25] Pl8z2win: i like KEM good company really been sold off hard
[10:26] Alert-Info: TICK +150.00 ut
[10:27] Pl8z2win: keep your eye on QLGC lookin good
[10:27] chep: thnx Pl
[10:28] Alert-Info: NAS -57.69 ut
[10:29] Alert-Info: DOW -6.50 ut
[10:29] El-Kabong: add rimm short ouch
[10:29] El-Kabong: lol
[10:29] chep: elka has gor rimmania
[10:29] chep: got
[10:30] El-Kabong: just pissed i didn't have the borrow on friday morning
[10:30] Alert-Info: Careful now. Market momentum should go down during lunch time.
[10:30] Lucefear: ft ut
[10:31] Lucefear: nice little CSCO bounces now
[10:31] Lucefear: INTC, MSFT, JDSU, CSCO reasonable slower currently
[10:32] Alert-Info: TICK +323.00 ut
[10:32] Alert-Info: NAS -52.17 ut
[10:33] Lucefear: nice ft ut
[10:33] Alert-Info: Trading mistake: Taking profits early. Let profits run!
[10:33] Alert-Info: DOW 10666.89 +4.88 NAS 2358.98 -48.67 TICK +294.00 S&P; 1292.55 -5.80
[10:34] Pl8z2win: good oscillations..scalpers delight ::)
[10:35] Lucefear: yes
[10:36] Alert-Info: NAS -47.26 ut
[10:37] Lucefear: CSCO doing well here
[10:37] chep: out JDSu +7/8
[10:37] Lucefear: nice!
[10:37] apollo2k: chep u scalper u
[10:37] chep: good luck this time
[10:38] Alert-Info: NAS -41.23 ut
[10:38] Lucefear: still ft ut
[10:39] El-Kabong: nice
[10:39] El-Kabong: maybe up rest of day now?
[10:40] Pl8z2win: breakout lets see if it holds
[10:40] Lucefear: don't think so
[10:40] Alert-Info: NAS -36.40 ut
[10:40] chep: short JDSU
[10:42] Lucefear: yes, short the bounces
[10:42] chep: cover + 7716
[10:42] chep: 7/16
[10:43] Lucefear: good scalp
[10:43] Alert-Info: NAS -41.36 dt
[10:43] Pl8z2win: AMAT strong
[10:48] Alert-Info: DOW 10652.25 -9.76 NAS 2364.45 -43.20 TICK +195.00 S&P; 1293.23 -5.12
[10:49] Alert-Info: NAS -36.22 ut
[10:50] Alert-Info: DOW +8.54 ut
[10:52] Lucefear: sudden MFNX bounce
[10:52] Pl8z2win: naz holding this triple top area pretty well
[10:53] Alert-Info: DOW -7.72 dt
[10:53] Alert-Info: NAS -42.93 dt
[10:53] Alert-Info: TICK +129.00 dt
[10:53] Pl8z2win: was lol
[10:54] Alert-Info: NAS -48.15 dt
[10:54] Alert-Info: DOW -22.77 dt
[10:54] Lucefear: ft dt
[10:54] El-Kabong: arba 37 was hard for it...
[10:54] Alert-Info: TICK -60.00 dt
[10:56] Pl8z2win: HAND hod
[10:56] Lucefear: $vol
[10:56] Alert-Info: NAS VOL 565,416,300
[10:56] Alert-Info: NYSE VOL 325,366,900
[10:57] Alert-Info: TICK +137.00 ut
[10:57] Lucefear: nice AMAT pb
[10:57] Lucefear: would be careful with longs now
[10:58] Lucefear: quick little scalps only
[10:58] Lucefear: markets failed to continue th trend higher here
[11:00] Alert-Info: 11:00 AM
[11:01] Alert-Info: NAS -52.65 dt
[11:03] Alert-Info: Reminder: Profits are not made at the top or the bottom, but in the middle.
[11:03] Alert-Info: DOW 10627.85 -34.16 NAS 2352.81 -54.84 TICK -20.00 S&P; 1289.35 -9.00
[11:03] Alert-Info: TICK -52.00 dt
[11:03] Alert-Info: DOW -37.82 dt
[11:04] Alert-Info: NAS -57.20 dt
[11:05] Lucefear: more selling again
[11:06] Alert-Info: NAS -63.02 dt
[11:06] El-Kabong: Dang WEBM 50's
[11:10] El-Kabong: WEBM gotta caatchup to ARBA, cmrc etc....
[11:10] El-Kabong: gotta=gonna
[11:10] El-Kabong: big fat piggie
[11:12] Alert-Info: NAS -57.96 ut
[11:14] Alert-Info: TICK +124.00 ut
[11:15] Lucefear: so far we didn't make new lows here
[11:16] Lucefear: but I'm pessimistic as long as I'm not optimistic hehe
[11:16] El-Kabong: lol
[11:18] Alert-Info: DOW 10636.39 -25.62 NAS 2351.69 -55.96 TICK +162.00 S&P; 1290.50 -7.85
[11:19] Alert-Info: NAS -52.86 ut
[11:19] apollo2k: what a beauty short BEAS
[11:23] Alert-Info: TICK +301.00 ut
[11:25] Alert-Info: TICK +118.00 dt
[11:25] Lucefear: not much action now
[11:25] Lucefear: doldrums
[11:30] Alert-Info: NAS -58.29 dt
[11:32] Alert-Info: NAS -62.99 dt
[11:32] Alert-Info: TICK -66.00 dt
[11:32] Pl8z2win: BEAS lod
[11:33] Alert-Info: Reminder: Don’t believe that buying a familiar company will lead to profits
[11:33] Alert-Info: DOW 10614.84 -47.17 NAS 2342.81 -64.84 TICK -48.00 S&P; 1287.85 -10.50
[11:33] Pl8z2win: BEAS support 40
[11:33] El-Kabong: okay bios not doing well....
[11:33] El-Kabong: a good sign to short them....
[11:34] El-Kabong: find ur favorite piggies
[11:34] El-Kabong: any good ones Pl8z2win to short
[11:34] El-Kabong: bios'?
[11:34] El-Kabong: i like SEPR for short
[11:34] Alert-Info: DOW -53.27 dt
[11:35] Alert-Info: NAS -67.84 dt
[11:35] Pl8z2win: how bout MEDI?
[11:39] El-Kabong: another piggie
[11:40] Alert-Info: DOW -37.41 ut
[11:41] Alert-Info: TICK +138.00 ut
[11:42] Lucefear: snore
[11:43] chep: SAPE coming to daddy..
[11:44] Lucefear: Class starts now in #alert-class. To join type in /join #alert-class
[11:45] Alert-Info: DOW -53.17 dt
[11:45] El-Kabong: will be researching bios tonight..next sector to get the ax ..imo..
[11:48] Alert-Info: DOW 10617.28 -44.73 NAS 2340.69 -66.96 TICK +168.00 S&P; 1287.21 -11.14
[11:48] Alert-Info: DOW -33.75 ut
[11:51] El-Kabong: wha' happened to OSIP?.sell on news?...yikes..
[11:56] Lucefear: getting many weird prints on several stocks
[11:57] Pl8z2win: me too luce...what you think?
[11:58] Lucefear: must be quote errors
[11:58] Alert-Info: NAS -61.93 ut
[11:58] Lucefear: too many of these prints on too many stocks
[11:58] Pl8z2win: a glitch maybe
[11:58] Pl8z2win: tripping my alarms all over the place....false alerts
[12:00] Alert-Info: 12:00 PM
[12:02] Alert-Info: DOW -17.08 ut
[12:03] Alert-Info: Reminder: Wait for the perfect trade
[12:03] Alert-Info: DOW 10633.65 -28.36 NAS 2346.87 -60.78 TICK +56.00 S&P; 1290.26 -8.09
[12:04] Alert-Info: DOW -34.16 dt
[12:06] Alert-Info: NAS -56.30 ut
[12:07] Alert-Info: NAS -61.33 dt
[12:08] El-Kabong: cover rimm +1 3/8 average
[12:08] Pl8z2win: nice
[12:08] gaper: is sape to low to short
[12:08] chep: Elka!
[12:08] Lucefear: nice elk!
[12:09] El-Kabong: sape has loads of shorts...so it will go down very slow....
[12:09] El-Kabong: if u have time to hold it longer ......over 13 1/2 a good short..for day trade u might not get much
[12:10] El-Kabong: or it could run on shorts covering on mkt upswing...
[12:10] Alert-Info: NAS -56.78 ut
[12:11] gaper: im going to join this room to learn to trade
[12:11] El-Kabong: welcome gaper :)
[12:11] gaper: been doing it 1 year now and everything i do gos the other way
[12:11] El-Kabong: so do the opsosite ;)
[12:11] El-Kabong: opposite
[12:11] Pl8z2win: welcome gaper
[12:12] gaper: thats what i been thinking
[12:12] chep: out JDSU +3/8
[12:13] chep: lousy action
[12:16] Alert-Info: NAS -61.32 dt
[12:17] Alert-Info: TICK -33.00 dt
[12:18] Alert-Info: DOW 10625.82 -36.19 NAS 2345.36 -62.29 TICK -49.00 S&P; 1289.32 -9.03
[12:19] Lucefear: still bad prints
[12:19] chep: apollo2k killing a few huelsn?
[12:20] apollo2k: not yet chep
[12:20] chep: better stay away from the barrel
[12:21] El-Kabong: wow OSIP getting murdered.maybe they were hoping for a takeover by genentech...yikes
[12:21] gaper: is corr a short here?
[12:22] Pl8z2win: TLGD hod
[12:23] gaper: calp
[12:24] Pl8z2win: RMBS hod
[12:27] gaper: whats up with calp
[12:28] Pl8z2win: gaper...CORR is a fresh news fueled stock and coming off bottom.... imo there are better short ops out there
[12:28] gaper: calp fell
[12:28] gaper: looks like a trap
[12:29] Alert-Info: DOW -49.20 dt
[12:30] Alert-Info: NAS -66.00 dt
[12:33] Alert-Info:
[12:33] Alert-Info: DOW 10609.15 -52.86 NAS 2341.02 -66.63 TICK -119.00 S&P; 1288.30 -10.05
[12:41] Lucefear: $vol
[12:41] Alert-Info: NAS VOL 909,690,000
[12:41] Alert-Info: NYSE VOL 554,943,800
[12:41] Lucefear: vol not impressive
[12:42] Alert-Info: DOW -64.25 dt
[12:42] El-Kabong: no , we need capitulation again for a bottom..
[12:42] El-Kabong: lol
[12:42] El-Kabong: the same ol' story
[12:42] gaper: calp going lower
[12:43] Alert-Info: TICK -211.00 dt
[12:43] Lucefear: ft dt
[12:45] Alert-Info: DOW -79.30 dt
[12:46] Alert-Info: NAS -70.73 dt
[12:48] Alert-Info: DOW 10581.49 -80.52 NAS 2335.57 -72.08 TICK -236.00 S&P; 1285.91 -12.44
[12:50] Pl8z2win: $vol
[12:50] Alert-Info: NAS VOL 933,333,300
[12:50] Alert-Info: NYSE VOL 572,428,500
[12:50] Pl8z2win: another bottom test here
[12:51] El-Kabong: looks like time for ARBA to do the tankie dance
[12:53] Alert-Info: NAS -75.46 dt
[12:55] Lucefear: $msft
[12:55] Alert-Info: MSFT 47 x 47 1/16 V 20,388,500 CHG -2 1/8 -4.33%
[12:55] Lucefear: MSFT couldn't hold up anymore
[12:56] Pl8z2win: should bounce soon, but i'm not optimistic
[12:57] Alert-Info: NAS -80.63 dt
[12:58] El-Kabong: bye bye ARBA ..if 33 breaks on ARBA , 20's....
[12:58] Pl8z2win: r u short?
[12:58] El-Kabong: no
[12:58] El-Kabong: lol
[12:58] Alert-Info: TICK -14.00 ut
[12:59] El-Kabong: vign singles coming
[12:59] El-Kabong: wanted arba higher to short :(
[13:00] El-Kabong: knew when 37 held i should hav3
[13:00] El-Kabong: oh well
[13:00] Alert-Info: 01:00 PM
[13:00] El-Kabong: no biggie...exhausted from the week-end anyway..
[13:02] chep: out JDSU +5/16
[13:06] chep: SAPE poc breaking 13 soon
[13:08] Lucefear: cnbc, you heard that elk?
[13:08] El-Kabong: lol
[13:08] Lucefear: fine for shorters! yes!
[13:09] Lucefear: hehe
[13:09] El-Kabong: now wait til they get rid of the ut rules...
[13:10] manta1: wonder what QQQ will be 1 yr from now?
[13:11] chep: if i knew i would tell u manta
[13:12] chep: Pl8z2win long MSFT?
[13:12] Lucefear: yes elk, but when
[13:12] El-Kabong: inthe works now....
[13:12] Lucefear: all the improvements they've planned
[13:12] El-Kabong: if mm's can do it why can't the public...
[13:12] Lucefear: no sign when they come
[13:12] El-Kabong: its so bogus
[13:12] Lucefear: supersoes, decimals
[13:13] Lucefear: should work since a half year already
[13:13] chep: decimals will be funny
[13:14] Pl8z2win: no longs yet chep
[13:14] El-Kabong: ARBA 33 area better hold otherwise, it
[13:14] El-Kabong: will cut through to 20's like butta...lol
[13:16] Lucefear: news alert: El-Kabong: downgrades ARBA to a long-term unattractive, target 20
[13:16] El-Kabong: lol
[13:16] Pl8z2win: poor NTIQ
[13:16] El-Kabong: time to buy!!
[13:16] El-Kabong: lol
[13:16] El-Kabong: j/k
[13:16] Pl8z2win: lol luce...elka now anal-yst
[13:17] Alert-Info: NAS -81.89 dt
[13:17] Lucefear: hehe
[13:18] Lucefear: cnbc lol
[13:18] Lucefear: live rich die broke
[13:18] Lucefear: the slogan of a CMGI investor
[13:18] El-Kabong: ARBA about to break support...ouchie..
[13:18] manta1: c
[13:19] manta1: CMGI a steal!
[13:19] manta1: lol
[13:20] El-Kabong: vign singles....lol faster than i thought ...what a pig
[13:20] Alert-Info: DOW 10578.24 -83.77 NAS 2323.52 -84.13 TICK -126.00 S&P; 1284.19 -14.16
[13:21] Alert-Info: DOW -88.24 dt
[13:22] Alert-Info: NAS -86.85 dt
[13:23] El-Kabong: short rimm for a scalpie once more
[13:24] gaper: calp getting cheap
[13:24] chep: lomg JDSu for scalp
[13:24] El-Kabong: 13:21 [CORV] CORVIS CORP. INITIATED WITH 'BUY' RECOMMENDATION AT A.G. EDWARDS....corv has 184 mil lock up 1/23..hum..why the upgrade?..underwriters?..where is the SEC now!
[13:25] Lucefear: nice MSFT bounce, dang missed it
[13:26] Alert-Info: DOW -72.79 ut
[13:26] Lucefear: looking for AMA T bounce
[13:30] Alert-Info: NAS -82.06 ut
[13:30] Lucefear: ARBA bottoms
[13:30] El-Kabong: cover rimm +1/2
[13:31] Alert-Info: DOW -57.34 ut
[13:31] Lucefear: nice elk!
[13:31] chep: out JDSU +1/2
[13:32] chep: love those quickies
[13:34] Lucefear: nice chep
[13:34] Lucefear: MSFT arghh
[13:35] Alert-Info: Reminder: Cut losses short. Let profits run.
[13:35] Alert-Info: DOW 10609.15 -52.86 NAS 2328.24 -79.41 TICK +45.00 S&P; 1286.99 -11.36
[13:35] chep: MSFT nice yep
[13:36] Lucefear: may look for a short scalp
[13:37] tbird: MSFT even alert-machine didn't catch it with RED sig
[13:37] chep: short JDSu
[13:37] Lucefear: PSFT having a good day today
[13:37] chep: Pl8z2win made a call on MSFT!
[13:37] Lucefear: wow MSFT
[13:38] Lucefear: really? nice pl!
[13:39] Pl8z2win: ? no i didn't lol
[13:39] Lucefear: lol
[13:39] Alert-Info: NAS -75.92 ut
[13:39] Lucefear: why this strong bounce here humm
[13:39] Pl8z2win: wish i was onboard though
[13:40] Lucefear: short MSFT, tight stop
[13:40] Alert-Info: TICK +103.00 ut
[13:40] Lucefear: dang, more ft ut
[13:40] Alert-Info: DOW -40.26 ut
[13:40] Pl8z2win: http://www.thestreet.com/_yahoo/markets/techmovers/1245582.html
[13:41] chep: s&/( stopped JDSU -1/4
[13:41] Alert-Info: NAS -70.89 ut
[13:41] Lucefear: :(
[13:41] Lucefear: nice a rally here
[13:41] chep: --chicken
[13:42] Lucefear: nice little rally
[13:44] chep: quotes are pia today
[13:46] Lucefear: CSCO back at opening price
[13:46] El-Kabong: okay top of bounce
[13:46] El-Kabong: resume selling
[13:46] Lucefear: ok Nas, your rally is over, give it up
[13:49] Lucefear: ft dt
[13:50] Alert-Info: DOW 10611.59 -50.42 NAS 2333.87 -73.78 TICK +59.00 S&P; 1288.02 -10.33
[13:50] chep: apollo2k taking a nap?
[13:51] Lucefear: he isn't here yet
[13:51] chep: thx
[13:51] El-Kabong: too many beers
[13:51] El-Kabong: last night
[13:51] Lucefear: lol
[13:51] chep: lol
[13:51] Lucefear: and today
[13:51] El-Kabong: and this morning
[13:51] El-Kabong: lol
[13:53] El-Kabong: z nice
[13:54] chep: Elka ur targets for SAPE 11?
[13:54] El-Kabong: i am holding 1k for singles....
[13:54] Alert-Info: NAS -75.66 dt
[13:54] El-Kabong: rest i will cover today
[13:55] chep: thnx
[13:55] El-Kabong: but u know me i have no patience
[13:55] El-Kabong: prob. cover everything today if i get 2 pts...lol
[13:56] chep: lol
[13:56] Pl8z2win: tomorrow we could be up +200 on naz lol
[13:56] Lucefear: yes elk, careful!! lol
[13:56] El-Kabong: hehe
[13:56] Lucefear: we could be +500!
[13:57] Pl8z2win: and SAPE goes to 20
[13:57] chep: +600 if all the shorts cover
[13:57] El-Kabong: lol
[13:57] Lucefear: +650 with rate cut!
[13:57] Lucefear: but we don't want to scare you
[13:57] Alert-Info: DOW -55.30 dt
[13:57] chep: +1000= Elka nightmare
[13:58] El-Kabong: it don't matter if naz goes up +2000
[13:58] Lucefear: maybe SAPE halted ah's, reporting 1000% revenue grow
[13:58] El-Kabong: a pig is still a pig
[13:58] El-Kabong: lol
[13:58] Lucefear: or buyout!
[13:58] El-Kabong: hehe
[13:58] chep: lol
[13:59] El-Kabong: -----going to look for coins in the couch cushions for to take over SAPE
[13:59] Lucefear: well, Nas will do what it does every day, making -70
[13:59] chep: lol
[13:59] Lucefear: wow
[13:59] Lucefear: quite a ft plunge here
[14:00] Alert-Info: TICK -72.00 dt
[14:00] Alert-Info: NAS -80.49 dt
[14:00] Alert-Info: 02:00 PM
[14:00] Alert-Info: DOW -70.76 dt
[14:02] Lucefear: did you get JDSU short again chep?
[14:02] Lucefear: was looking bit scary
[14:02] Lucefear: every bounce attempt by the markets fails big time
[14:03] Lucefear: but usually when you are short the markets rally without an end
[14:04] chep: no
[14:04] Alert-Info: TICK +98.00 ut
[14:05] Alert-Info: Reminder: Wait for the perfect trade
[14:05] Alert-Info: DOW 10597.66 -64.35 NAS 2327.62 -80.03 TICK +44.00 S&P; 1285.74 -12.61
[14:05] chep: always bad to be on the wrong side of the fence
[14:05] Lucefear: hehe
[14:06] Lucefear: especially when the fence is under high voltage
[14:07] Lucefear: ok, what do we get here Pl8z2win, more buying, more selling?
[14:07] Lucefear: check your crystall ball
[14:07] Alert-Info: DOW -54.90 ut
[14:08] Alert-Info: NAS -75.89 ut
[14:09] Lucefear: German Nemax beaten again -225 points
[14:09] Alert-Info: DOW -39.04 ut
[14:09] Pl8z2win: cb will know in 5 minutes
[14:10] Alert-Info: TICK +326.00 ut
[14:13] chep: cb says market will sell?
[14:14] Lucefear: $vol
[14:14] Alert-Info: NAS VOL 1,195,654,000
[14:14] Alert-Info: NYSE VOL 737,690,100
[14:15] Alert-Info: TICK +154.00 dt
[14:15] Alert-Info: DOW -55.30 dt
[14:17] Lucefear: $extr
[14:17] Alert-Info: EXTR pace: 56 122 38 40
[14:17] Alert-Info: EXTR 31 15/16 x 32 V 3,071,600 CHG -4 1/16 -11.27%
[14:17] Lucefear: JDSU testing 42 again
[14:18] Lucefear: and my MSFT holds up @!§(/
[14:18] Lucefear: should have covered at 3/4 when the chance was there
[14:18] Lucefear: well, no whining here
[14:19] Alert-Info: NAS -80.66 dt
[14:19] Lucefear: ft dt
[14:20] Alert-Info: TICK -38.00 dt
[14:20] Alert-Info: DOW -71.16 dt
[14:20] Alert-Info: NAS -85.45 dt
[14:20] Alert-Info: DOW 10588.20 -73.81 NAS 2322.20 -85.45 TICK -74.00 S&P; 1284.20 -14.15
[14:20] Alert-Info: TICK -208.00 dt
[14:20] chep: holy apollo2k selling starting
[14:20] Lucefear: S&P; making new lows
[14:21] Lucefear: the apollo2k sell program kicking in
[14:21] Alert-Info: DOW -86.61 dt
[14:22] Lucefear: INCA - how I hate these guys!
[14:23] Pl8z2win: naz holding ft 2200
[14:23] Alert-Info: NAS -80.84 ut
[14:23] Lucefear: covered my MSFT
[14:23] Lucefear: poc holds up
[14:24] Alert-Info: TICK -35.00 ut
[14:25] Lucefear: quite a ft plung and no bounce yet humm
[14:25] Pl8z2win: my cb results inconclusive
[14:25] Alert-Info: NAS -86.35 dt
[14:25] Alert-Info: DOW -102.37 dt
[14:26] Lucefear: more ft dt
[14:28] Lucefear: looking for bottoms
[14:29] Alert-Info: NAS -91.44 dt
[14:29] Lucefear: all the rate cut bounce gone again
[14:30] Alert-Info: DOW -117.83 dt
[14:30] Alert-Info: TICK -214.00 dt
[14:30] Alert-Info: NAS -96.84 dt
[14:30] Lucefear: MSFT wol!
[14:31] Alert-Info: TICK -444.00 dt
[14:31] El-Kabong: cover vrts +1 1/8 nice little scalpie :)
[14:31] Alert-Info: NAS -101.74 dt
[14:31] chep: El-King!
[14:32] Lucefear: nice elk!
[14:34] Pl8z2win: another "hold your shorts" day
[14:35] El-Kabong: who warns tonight?
[14:35] Alert-Info: Trading mistake: Trying to beat the market.
[14:35] Alert-Info: DOW 10548.15 -113.86 NAS 2308.72 -98.93 TICK -280.00 S&P; 1279.98 -18.37
[14:37] Alert-Info: TICK -227.00 ut
[14:37] Lucefear: lousy bounces here, doing pretty hard
[14:39] El-Kabong: lol, RIMM a great scalper today :)
[14:43] Lucefear: $vol
[14:43] Alert-Info: NAS VOL 1,309,698,000
[14:43] Alert-Info: NYSE VOL 807,465,300
[14:44] Lucefear: Dow bounces a bit
[14:45] Alert-Info: DOW -102.37 ut
[14:47] Alert-Info: NAS -96.84 ut
[14:49] Alert-Info: NAS -101.71 dt
[14:49] Lucefear: ft dt
[14:50] gaper: calp has no bouttom
[14:50] Alert-Info: DOW 10548.15 -113.86 NAS 2304.32 -103.33 TICK -127.00 S&P; 1278.42 -19.93
[14:50] Pl8z2win: may start a swing long position AVCI soon...on radar
[14:51] Alert-Info: TICK -54.00 ut
[14:52] El-Kabong: avci has 29 mil lock-up 1/23 Pl8z2win
[14:52] El-Kabong: fwiw
[14:53] Pl8z2win: yes i know thx elka
[14:53] El-Kabong: u going for the pump before lock-up
[14:53] Pl8z2win: thats what i was thinking... plus naz due for a one day bounce soon
[14:54] El-Kabong: yes agree
[14:54] El-Kabong: so what is that saying?...1st week of january so goes the mkt....
[14:54] El-Kabong: hehe
[14:55] Pl8z2win: SPWX sad...big loser for many
[14:55] Lucefear: this market just can't bounce here
[14:55] Alert-Info: NAS -106.48 dt
[14:56] Alert-Info: DOW -117.52 dt
[14:56] Lucefear: MSFT testing 47
[14:56] Lucefear: ft dt
[15:00] Alert-Info: 03:00 PM
[15:00] Alert-Info: 1 hour to market close
[15:00] Lucefear: the 5 min are over pl!
[15:01] Pl8z2win: i said it was inconclusive earlier
[15:02] Lucefear: $vol
[15:02] Alert-Info: NAS VOL 1,378,825,000
[15:02] Alert-Info: NYSE VOL 849,310,600
[15:02] Lucefear: JDSU bounces
[15:02] Alert-Info: NAS -101.88 ut
[15:03] chep: out a few JDSu +7/16
[15:04] Lucefear: ft ut
[15:04] Lucefear: nice chep!
[15:04] Alert-Info: NAS -96.57 ut
[15:04] Pl8z2win: ARBA nice bounce missed it
[15:05] Alert-Info: TICK +154.00 ut
[15:05] Alert-Info: Reminder: Be self-disciplined and stick to the rules
[15:05] Alert-Info: DOW 10543.27 -118.74 NAS 2313.72 -93.93 TICK +154.00 S&P; 1278.52 -19.83
[15:06] chep: out rest JDSu +3/8
[15:07] Alert-Info: TICK -20.00 dt
[15:08] chep: sh.t
[15:10] Alert-Info: NAS -91.67 ut
[15:11] Lucefear: market unreadable here
[15:11] Lucefear: just Nasdaq bounces, nothing else
[15:12] Alert-Info: NAS -87.11 ut
[15:13] Alert-Info: NAS -82.53 ut
[15:13] Alert-Info: TICK +157.00 ut
[15:13] Lucefear: bounces
[15:14] Lucefear: something to short again
[15:15] Alert-Info: TICK -38.00 dt
[15:15] Alert-Info: DOW -132.97 dt
[15:15] Alert-Info: NAS -87.62 dt
[15:18] Alert-Info: NAS -82.81 ut
[15:20] Alert-Info: DOW 10522.12 -139.89 NAS 2323.98 -83.67 TICK -49.00 S&P; 1278.08 -20.27
[15:21] Lucefear: time for shorts
[15:22] Alert-Info: NAS -88.01 dt
[15:24] Alert-Info: TICK +163.00 ut
[15:26] Lucefear: not much selling here
[15:28] Alert-Info: NAS -83.22 ut
[15:28] Pl8z2win: was thinking same ..we could go higher here
[15:28] Alert-Info: DOW -116.81 ut
[15:29] Alert-Info: NAS -77.79 ut
[15:29] Lucefear: ft ut
[15:30] Alert-Info: 30 minutes to market close
[15:30] Alert-Info: NAS -71.60 ut
[15:30] Alert-Info: DOW -98.81 ut
[15:30] Alert-Info: TICK +358.00 ut
[15:32] Lucefear: this won't last long imo
[15:32] Alert-Info: TICK +183.00 dt
[15:32] Alert-Info: NAS -67.06 ut
[15:34] Lucefear: nice rally
[15:35] Alert-Info: DOW 10563.60 -98.41 NAS 2341.15 -66.50 TICK +214.00 S&P; 1283.93 -14.42
[15:36] Alert-Info: TICK -26.00 dt
[15:36] Lucefear: ICIX nice piggy
[15:37] Alert-Info: TICK -281.00 dt
[15:38] Lucefear: ft pb
[15:39] Lucefear: would say we sell down again here
[15:39] Lucefear: JDSU still moving higher
[15:40] Alert-Info: TICK -98.00 ut
[15:40] Lucefear: ft ut
[15:40] Alert-Info: 20 minutes to market close
[15:40] Alert-Info: TICK +91.00 ut
[15:40] Alert-Info: NAS -61.75 ut
[15:40] Pl8z2win: wazzup AMCC
[15:40] Pl8z2win: major short squeeze
[15:41] Alert-Info: DOW -82.65 ut
[15:41] Lucefear: weird moves
[15:41] Lucefear: same JDSU
[15:41] Alert-Info: NAS -54.51 ut
[15:41] Alert-Info: TICK +299.00 ut
[15:41] Lucefear: strong ft bounce again
[15:42] Alert-Info: DOW -67.50 ut
[15:42] Alert-Info: NAS -49.67 ut
[15:42] Lucefear: even CSCO bounces now
[15:43] Alert-Info: TICK +471.00 ut
[15:43] Alert-Info: NAS -43.75 ut
[15:43] Lucefear: yikes
[15:43] Lucefear: Nas straight up
[15:43] Pl8z2win: whats going on here?
[15:44] Lucefear: dunno
[15:44] Lucefear: a bounce like in the good old days
[15:44] Lucefear: just a bit unexpected :(
[15:46] Alert-Info: TICK +289.00 dt
[15:50] Alert-Info: 10 minutes to market close
[15:50] Alert-Info: NAS -38.70 ut
[15:50] Alert-Info: DOW 10596.54 -65.47 NAS 2368.95 -38.70 TICK +385.00 S&P; 1289.75 -8.60
[15:50] Lucefear: nice show
[15:50] Lucefear: $vol
[15:50] Alert-Info: NAS VOL 1,662,017,000
[15:50] Alert-Info: NYSE VOL 1,010,255,000
[15:51] Alert-Info: NAS -33.02 ut
[15:51] Lucefear: amazing
[15:51] Alert-Info: TICK +481.00 ut
[15:52] Alert-Info: NAS -28.06 ut
[15:52] Lucefear: $amcc
[15:52] Alert-Info: AMCC pace: 193 244 216 213
[15:52] Pl8z2win: wol ::(
[15:52] Alert-Info: DOW -52.46 ut
[15:52] Lucefear: $amcc
[15:52] Alert-Info: AMCC 63 3/4 x 63 13/16 V 12,346,900 CHG 5/16 0.49%
[15:52] Alert-Info: AMCC pace: 193 244 216 213
[15:52] Lucefear: green
[15:53] Alert-Info: NAS -23.27 ut
[15:54] Lucefear: impresse Nas recovery
[15:54] Lucefear: impressive
[15:54] Pl8z2win: what a nutso market...no news?
[15:54] El-Kabong: lol
[15:54] El-Kabong: gotta love it!!
[15:55] El-Kabong: fatten then up again!!
[15:55] Alert-Info: 5 minutes to market close
[15:56] Alert-Info: 4 minutes to market close
[15:56] Lucefear: it's all the shorters fault!
[15:56] El-Kabong: GGO ARBA hehe ...what a cash machine!
[15:56] Pl8z2win: think its consumer credit #'s
[15:57] Alert-Info: 3 minutes to market close
[15:58] Alert-Info: NAS -18.15 ut
[15:58] manta1: gotta love this Market
[15:58] Alert-Info: 2 minutes to market close
[15:58] Lucefear: pls close this rotten market!
[15:59] Alert-Info: last minute of trading!
[15:59] Alert-Info: NAS -12.85 ut
[15:59] Alert-Info: TICK +284.00 dt
[15:59] Lucefear: Nas going green? lol
[15:59] chep: nice JDSu love it
[16:00] El-Kabong: yyeehaaa!!
[16:00] Alert-Info: 04:00 PM
[16:00] Alert-Info: markets closed! Have a pleasant day!
[16:00] El-Kabong: gap and trap tomm. morning!
[16:00] turncal: new here...what happened
[16:00] El-Kabong: lol
[16:00] turncal: is this bottom??
[16:01] El-Kabong: could be short term....
[16:01] El-Kabong: mkt still in dwon trend
[16:01] Lucefear: everything can happen
[16:02] Lucefear: sooo, what was on here now
[16:02] Lucefear: news or just a fun bounce
[16:02] Pl8z2win: consumer credit numbers came out luce
[16:02] turncal: it seemed too general for a squeeze..no?
[16:02] Pl8z2win: market liked them
[16:02] turncal: CNBC did nit report any numbers last 30 mins
[16:03] Lucefear: what?????
[16:03] turncal: ccn numbers...where?
[16:04] turncal: hello
[16:04] Pl8z2win: i don't get it.... cc was 12.9 billion vs expected 8.1 billion
[16:04] Lucefear: 15:01 NOVEMBER CONSUMER CREDIT RISES $12.9 BILLION VS. EXPECTED $8.1 BILLION
[16:04] turncal: so people in more debt..right
[16:05] El-Kabong: lol
[16:05] Lucefear: these rotten news, hate that during regular trading hours
[16:05] El-Kabong: the mkt should tank on that
[16:05] El-Kabong: LOL
[16:05] chep: yep traders have more shares short lol
[16:05] turncal: if more people in debt why would they buy more stocks...am I wrong?
[16:06] Pl8z2win: more debt...why would market rally....what am i missing here????
[16:06] turncal: Consumer credit growth continues to grow at a breakneck pace. The ballooning debt is somewhat concerning as equity gains are no longer providing any support, consumer spending has fallen sharply and the savings rate continues to reach new record lows. The consumer spending that the credit supports cooled early in the year suggesting a deeper underlying consumer indebtedness. High borrowing rates provide an incentive to cut back, but the
[16:06] El-Kabong: gap and trap tomm Pl8z2win
[16:07] turncal: Just read that on a news site
[16:07] Pl8z2win: thx...so rally on expected rate reduction? LOL how dumb
[16:07] Lucefear: the bubble just gets even bigger
[16:07] chep: kabonggggg
[16:08] turncal: Man I shorted CIEN at 74 should I worry
[16:10] Lucefear: El-Kabong!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
[16:10] Lucefear: ahhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhh!
[16:10] El-Kabong: Lucefear!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
[16:10] chep: El-kabong busy covering..
[16:11] Lucefear: this market is nuts
[16:11] Lucefear: $vol
[16:11] Lucefear: $vol
[16:11] Alert-Info: NAS VOL 1,804,067,000
[16:11] Alert-Info: NYSE VOL 1,103,185,000
[16:12] chep: all the nervous shorts-triggered cover button
[16:13] Lucefear: that's what we talked about earlier, Nas +500 when all shorters cover lol
[16:13] chep: lol
[16:14] chep: crazy market
[16:15] turncal: JNPR up to 117 wow
[16:15] turncal: CIEN over 75 shit
[16:16] Pl8z2win: ok...still pissed i didn't get in on that run...actually i probably would have shorted it since i misread how the market would take the news
[16:16] Lucefear: sorry turncal :(
[16:17] Lucefear: tell me
[16:17] El-Kabong: we had a bounce friday too eod.....
[16:17] El-Kabong: maybe a pattern