Alerts and chat log for 083001
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[08:52] jmp1: hi Luce
[08:52] Lucefear: good morning!
[08:52] Lucefear: Nas pmi -22
[08:56] Lucefear: 08:50 ET: [BRIEFING.COM] The futures market isn't too happy this morning, having been confronted with a litany of negative news items
[08:56] Lucefear: In particular, Sun Microsystems (SUNW 11.65 -1.78) had a disappointing mid-quarter update, the EC is opening a new antitrust probe against Microsoft
[08:56] Lucefear: Dell Computer expects technology spending cutbacks in the Asia-Pacific region to continue and remains cautious on PC demand in the months ahead
[08:58] Pl8z2win: good morning
[08:58] Lucefear: hi pl!
[08:58] Pl8z2win: hi luce
[08:59] Pl8z2win: you get that chart?
[08:59] Lucefear: yes, thanks
[08:59] Alert-Info: 09:00 AM
[09:00] Alert-Info: DOW 10090.90 -131.13 NAS 1843.17 -21.81 TICKn -7.00 S&P; 1148.56 -12.95
[09:00] Alert-Info: NAS VOL 9,439,700
[09:00] Alert-Info: NYSE VOL 975,129,600
[09:00] Pl8z2win: looks like naz support 1817 gonna be tested
[09:02] Lucefear: 08:31 ET Economic Data : Jobless claims fell 1K to 399K in the Aug 25 week, roughly in line with the 400K consensus. Personal Income rose 0.5% in July vs 0.3% consensus and spending rose 0.1%, in line with consensus. Not much in the way of surprises here.
[09:02] Lucefear: brcd downgrade
[09:02] Lucefear: $brcd
[09:02] Alert-Info: BRCD 24.9300 x 24 1/4 Chg -3.4% Close (25.1000) V 50,200
[09:09] Pl8z2win: CIEN nice move at close yest
[09:11] Lucefear: ORCL downgrade
[09:13] Lucefear: pmi -24
[09:13] Lucefear: should bounce after open
[09:13] Lucefear: they are talking this down too much
[09:14] Lucefear: $dell
[09:14] Alert-Info: DELL 21.7600 x 20.9500 Chg -3.9% Close (21.8000) V 156,400
[09:14] Alert-Info: 15 minutes to market open
[09:15] Lucefear: $sunw
[09:15] Alert-Info: SUNW 13.4000 x 11.6500 Chg -13.3% Close (13.4300) V 4,410,200
[09:15] Lucefear: ouch
[09:15] Alert-Info: Trading mistake: Trading low percentages. Wait for the right trade!
[09:15] Alert-Info: DOW 10090.90 -131.13 NAS 1843.17 -21.81 TICKn -6.00 S&P; 1148.56 -12.95
[09:16] Lucefear: watchlist BRCD QLGC QCOM JNPR BRCM EBAY SUNW NTAP DELL BEAS
[09:16] Lucefear: mostly short
[09:17] Lucefear: what's on your list Pl8z2win?
[09:18] Lucefear: VRSN took quite a hit yesterday, now down gap so far
[09:19] Alert-Info: 10 minutes to market open
[09:20] Pl8z2win: possible decent bouncers VRSN CIEN OPWV
[09:20] Pl8z2win: maybe PRGN
[09:20] Pl8z2win: QCOM holding pretty well
[09:22] Pl8z2win: we will open near support could get an early bounce
[09:22] Lucefear: yes, think so too
[09:23] Lucefear: first reaction might be a bounce
[09:23] Lucefear: but general trend might be down again today - and shorting
[09:24] Alert-Info: 5 minutes to market open
[09:25] Pl8z2win: VRTS could pop some...opening down in good support area
[09:26] Lucefear: not playing the open bounce, if any
[09:26] Lucefear: waiting for short opps later
[09:28] Alert-Info: 1 minute to market open!
[09:29] Alert-Info: markets open, good luck!
[09:29] Alert-Info: DOW -12.73 ut
[09:30] Alert-Info: DOW -28.71 dt
[09:30] Alert-Info: DOW 10063.26 -27.64 NAS 1816.99 -26.18 TICKn -27.00 S&P; 1144.67 -3.89
[09:30] Lucefear: ok, let's see
[09:30] Alert-Info: NAS -26.83 dt
[09:30] Alert-Info: TICKn -155.00 dt
[09:32] Alert-Info: TICKn -318.00 dt
[09:32] Lucefear: down gaps SUNW NTAP PSFT BEAS ORCL JNPR AMCC etc
[09:32] Lucefear: OPWV too
[09:34] Alert-Info: DOW -44.28 dt
[09:38] Alert-Info: NAS -31.65 dt
[09:39] Lucefear: where's the bounce lol
[09:39] Lucefear: $vrsn
[09:39] Alert-Info: VRSN 38.8400 x 38.9000 V 903,900 CHG 0.2100 0.54%
[09:40] Lucefear: my quotes not working well here
[09:40] Alert-Info: VRSN pace: 191 180 105 136
[09:40] Lucefear: dang
[09:40] Lucefear: we should get a first bounce very soon
[09:41] Lucefear: ops, bounces already
[09:41] Lucefear: my quotes disconnected
[09:42] Lucefear: SUNW ugly
[09:42] Alert-Info: DOW -29.13 ut
[09:43] Alert-Info: TICKn -184.00 ut
[09:44] Lucefear: geez, first bounce was VERY sad here
[09:44] Lucefear: was this even a bounce? lol
[09:45] Alert-Info: Reminder: Don’t believe that buying a familiar company will lead to profits
[09:45] Alert-Info: DOW 10059.70 -31.20 NAS 1812.45 -30.72 TICKn -212.00 S&P; 1145.33 -3.23
[09:46] Alert-Info: NAS -25.89 ut
[09:46] Lucefear: QLGC nice
[09:46] Lucefear: ft pop
[09:46] Lucefear: go Nas!
[09:46] Alert-Info: TICKn -59.00 ut
[09:46] Alert-Info: DOW -12.45 ut
[09:47] Pl8z2win: QLGC nice
[09:48] Lucefear: EBAY nice bounce
[09:48] Lucefear: EBAY OPWV QLGC
[09:49] Alert-Info: NAS -21.29 ut
[09:51] Lucefear: Trin drops below 2 here
[09:51] Lucefear: SOX bounces well
[09:51] Lucefear: go Nas!
[09:53] Alert-Info: DOW +2.84 ut
[09:53] Alert-Info: NAS -16.78 ut
[09:53] Alert-Info: TICKn +69.00 ut
[09:53] Alert-Info: TICKn +264.00 ut
[09:54] Alert-Info: TICKn +533.00 ut
[09:54] Pl8z2win: OPWV beauty
[09:54] Lucefear: yikes
[09:54] Alert-Info: DOW +17.93 ut
[09:54] Alert-Info: NAS -11.98 ut
[09:54] Lucefear: what a move here
[09:54] Lucefear: power bounce
[09:55] Lucefear: 70 pt Dow bounce
[09:55] Pl8z2win: newbies...this is the kind of move you can expect when market hits multiple bottom like this am
[09:56] Lucefear: good bounce to short lol
[09:56] Lucefear: but waiting a little
[09:56] Alert-Info: TICKn +377.00 dt
[09:57] Pl8z2win: 1834 res
[09:57] Pl8z2win: MXIM maybe good short
[09:58] Alert-Info: TICKn +217.00 dt
[09:58] Pl8z2win: what u like luce
[09:58] Lucefear: almost everything
[09:58] Pl8z2win: lol
[09:58] Lucefear: BEAS ORCL PSFT QCOM JNPR OPWV etc
[09:59] Alert-Info: 10:00 AM
[10:00] Alert-Info: TICKn +83.00 dt
[10:00] Alert-Info: DOW 10101.12 +10.22 NAS 1827.77 -15.40 TICKn +83.00 S&P; 1149.76 +1.20
[10:01] Lucefear: VRSN looks good today for scalps long
[10:02] Lucefear: SOX went green, wow
[10:02] Alert-Info: NAS -16.99 dt
[10:03] Lucefear: hmm, tops have been good shorts already
[10:03] Alert-Info: DOW +2.43 dt
[10:03] Lucefear: thought we make a pause on the top
[10:03] Lucefear: but straight down again
[10:04] Lucefear: QCOM lol
[10:04] Pl8z2win: expect bottom 1823 area
[10:04] Alert-Info: TICKn -73.00 dt
[10:05] Alert-Info: DOW -12.80 dt
[10:05] Pl8z2win: QLGC beaut
[10:05] Lucefear: yeah
[10:05] Lucefear: arghh
[10:05] Alert-Info: NAS -21.78 dt
[10:06] Lucefear: nice oscillation today
[10:06] Lucefear: should bottom here
[10:06] Lucefear: but careful with longs
[10:06] Lucefear: do not expect such a power move again
[10:07] Lucefear: beauty shorts!
[10:07] Lucefear: wow
[10:08] Alert-Info: DOW -28.65 dt
[10:08] Alert-Info: TICKn -210.00 dt
[10:09] Pl8z2win: OPWV holds
[10:10] Lucefear: great vola today
[10:10] Lucefear: which it would go the whole day like this
[10:11] Lucefear: yes, OPWV could pop here
[10:12] Lucefear: market bounced and dropped back, everything is open again
[10:12] Lucefear: can go either way
[10:13] Lucefear: ft dt
[10:13] Alert-Info: NAS -27.10 dt
[10:14] Lucefear: this is incredible, we are down at the lows again
[10:14] Lucefear: ES new low
[10:14] Alert-Info: TICKn -340.00 dt
[10:14] Alert-Info: DOW -44.42 dt
[10:14] Pl8z2win: QCOM wol
[10:14] Lucefear: PRGN no pace
[10:15] Alert-Info: Reminder: Be self-disciplined and stick to the rules
[10:15] Alert-Info: DOW 10038.59 -52.31 NAS 1814.45 -28.72 TICKn -308.00 S&P; 1142.79 -5.77
[10:15] Pl8z2win: long qcom
[10:16] Alert-Info: TICKn -196.00 ut
[10:18] {Shivan}: is there a way i can search for all stocks selling for a certain price or less?
[10:18] Pl8z2win: well that didn't go far
[10:19] Lucefear: market looks good for a bottom here
[10:19] lancer: 2007
[10:20] Lucefear: hmm
[10:20] Lucefear: HOMS strong
[10:21] Pl8z2win: yeah beauty from yest bottom at 14
[10:21] Alert-Info: TICKn -325.00 dt
[10:22] Pl8z2win: go naz
[10:22] Lucefear: ft ut
[10:23] Alert-Info: DOW -29.40 ut
[10:23] Alert-Info: NAS -22.13 ut
[10:24] Pl8z2win: out QCOM
[10:24] Lucefear: nice scalp
[10:25] Pl8z2win: could go higher here, but takiing em quick
[10:25] Lucefear: VRSN nice
[10:25] Lucefear: slow but stable seems
[10:27] Pl8z2win: VRSN QCOM BRCM good players
[10:28] Pl8z2win: CIEN losing 18 could be setting up for good bounce
[10:30] Alert-Info: DOW 10048.97 -41.93 NAS 1817.44 -25.73 TICKn -232.00 S&P; 1144.20 -4.36
[10:31] Alert-Info: NAS -28.10 dt
[10:32] Lucefear: ft dt
[10:32] Alert-Info: DOW -45.59 dt
[10:34] Lucefear: double/triple bottom
[10:34] Lucefear: VRSN nice bouncer
[10:36] Pl8z2win: CHKP
[10:37] Lucefear: market in a small range here again
[10:40] Lucefear: ft dt
[10:41] Lucefear: VIX is very high here
[10:43] Lucefear: NQ at the low again
[10:43] Lucefear: Tick down too
[10:43] Alert-Info: NAS -32.70 dt
[10:43] Pl8z2win: wow
[10:44] Alert-Info: DOW -60.82 dt
[10:44] Alert-Info: TICKn -464.00 dt
[10:44] Lucefear: SUNW lod
[10:44] Lucefear: -17%, nuts
[10:45] Alert-Info: Reminder: Cut losses short. Let profits run.
[10:45] Alert-Info: DOW 10029.32 -61.58 NAS 1809.70 -33.47 TICKn -450.00 S&P; 1141.88 -6.68
[10:45] Lucefear: VRSN looks still safe for bounce scalps
[10:45] Lucefear: wish I would have shorted this morning bounce!!!
[10:46] Lucefear: looked so strong lol
[10:46] Pl8z2win: ft at support
[10:48] Lucefear: down it goes once more
[10:48] Lucefear: but bottom near imo
[10:48] Lucefear: Tick very low, Vix high, Sox lod again
[10:48] Pl8z2win: QCOM dbl bottom
[10:48] Alert-Info: NAS -37.78 dt
[10:49] Alert-Info: DOW -77.01 dt
[10:50] Lucefear: may try VRSN scalpy
[10:54] Pl8z2win: ft's hanging around support
[10:54] Lucefear: let's see if we bottom here
[10:55] Lucefear: JNPR down 9% once more, ugly
[10:57] Lucefear: $dow
[10:57] Alert-Info: DOW 10021.50 -69.40 10:57:44
[10:57] Lucefear: uh oh, 10k near
[10:57] Lucefear: heck, we MUST bottom here lol
[10:58] Lucefear: ft dt
[10:59] Lucefear: JNPR testing 14
[10:59] Pl8z2win: naz and ft fib support level here
[10:59] Alert-Info: 11:00 AM
[10:59] Alert-Info: TICKn -590.00 dt
[10:59] Lucefear: VRSN fights to hold here
[10:59] Lucefear: $dow
[10:59] Alert-Info: DOW 10000.88 -90.02 11:00:19
[10:59] Alert-Info: NAS -42.33 dt
[11:00] Lucefear: SUNW lost 11
[11:00] Lucefear: nuts
[11:00] Alert-Info: Careful now. Market momentum should go down during lunch time.
[11:00] Alert-Info: DOW 10000.40 -90.50 NAS 1800.86 -42.31 TICKn -583.00 S&P; 1138.41 -10.15
[11:00] Lucefear: NTAP a scalpy long
[11:01] Pl8z2win: we should bounce here
[11:02] Pl8z2win: amazing dow 10k and naz 1800 at same time
[11:02] Lucefear: yeah
[11:02] Lucefear: maybe 9k and 1700 same time too soon
[11:03] Pl8z2win: lol
[11:03] Lucefear: would be good time for a bounce here
[11:04] Jellyrug: Yep, there she goes.....
[11:04] Lucefear: Trin about the same, 2.1 area
[11:05] Lucefear: QCOM tries to bottom
[11:05] Pl8z2win: another short the open bouce day
[11:05] Lucefear: should be nice scalp long with ft ut
[11:05] Lucefear: ft dt
[11:06] Lucefear: JNPR bottoms at 14, how low can it go today, crazy
[11:06] Alert-Info: NAS -46.85 dt
[11:06] Jellyrug: BRCD, falling fast with Nas.
[11:06] Lucefear: Pl8z2win, your fav?
[11:07] Lucefear: like NTAP VRSN QCOM
[11:07] Pl8z2win: QCOM VRSN
[11:07] Jellyrug: Short, long or nothing?
[11:07] Alert-Info: DOW -92.30 dt
[11:07] Lucefear: like NTAP VRSN QCOM long with ft ut
[11:08] Lucefear: still ft ut, wt*!
[11:08] Lucefear: ut=dt
[11:08] Pl8z2win: vix high tick near 1000
[11:08] Lucefear: yes
[11:08] Alert-Info: TICKn -787.00 dt
[11:08] Lucefear: time to go long!
[11:08] Lucefear: what a mess again
[11:08] Pl8z2win: capitulation day?
[11:09] Lucefear: hmm
[11:09] Alert-Info: NAS -51.50 dt
[11:09] Lucefear: $vol
[11:09] Alert-Info: NAS VOL 578,025,400
[11:09] Alert-Info: NYSE VOL 356,086,300
[11:09] Lucefear: vol is good
[11:10] Lucefear: trying QCOM VRSN
[11:10] Lucefear: where are the buyers!
[11:11] Lucefear: $tickn
[11:11] Alert-Info: TICKn -830.00 -830.00 11:11:23
[11:11] Alert-Info: DOW -107.45 dt
[11:11] Lucefear: qfarts shows tick -1100
[11:11] Lucefear: JNPR doube bottom maybe
[11:11] Lucefear: ft selling stronger
[11:11] Lucefear: that should mark the bottom!
[11:12] Alert-Info: DOW -122.88 dt
[11:13] Lucefear: taking NTAP
[11:14] Lucefear: what a sell off again
[11:14] Lucefear: can't believe I was not short- again!
[11:14] Alert-Info: TICKn -662.00 ut
[11:15] Alert-Info: Trading mistake: Being unable to admit a loss.
[11:15] Alert-Info: DOW 9966.15 -124.75 NAS 1789.58 -53.59 TICKn -702.00 S&P; 1133.30 -15.26
[11:15] Jellyrug: Nas bounce?
[11:15] Lucefear: ft trying
[11:16] Lucefear: $dow
[11:16] Alert-Info: DOW 9966.84 -124.06 11:16:49
[11:16] Lucefear: Dow blew thru 10k, now bounce back over it you pig!
[11:17] Lucefear: JNPR bounces off double bottom
[11:17] Pl8z2win: luce notice how naz and ft's bounced off fib lines
[11:17] Lucefear: yes
[11:18] Lucefear: the fibs our friends
[11:18] Lucefear: VIX jump to 28
[11:18] Lucefear: that must be bottom lol
[11:18] Pl8z2win: lol
[11:18] Lucefear: look on daily VIX, very high
[11:19] Lucefear: first little NQ bounce here, but nothing strong yet
[11:19] Lucefear: can we crash? mean really hard?
[11:19] Lucefear: very unlikley after 7 rate cuts
[11:20] Jellyrug: Afternoon, covering shorts, will go back up?
[11:20] Lucefear: SEBL nice
[11:21] Lucefear: CHKP nice
[11:21] Alert-Info: TICKn -534.00 ut
[11:21] Lucefear: Pl8z2win, u've your longs on?
[11:22] Lucefear: don't miss this huge 10 point bounce lol
[11:22] Pl8z2win: long and pushing hard on keyboard
[11:22] Lucefear: yeah, know what you mean
[11:23] Lucefear: let's see if FT pb brings new lows or not
[11:23] Pl8z2win: we need a news release like other day
[11:24] Pl8z2win: intc
[11:24] Lucefear: lol
[11:24] Lucefear: you mean a scam release
[11:24] Pl8z2win: i'll take anything
[11:24] Lucefear: ft holds seems
[11:24] Lucefear: gooo Nas, fly!!!
[11:25] Lucefear: $sunw
[11:25] Alert-Info: SUNW 10.6900 x 10.7000 V 65,704,200 CHG -2.7400 -20.40%
[11:25] Lucefear: look at this, ugly
[11:25] Alert-Info: SUNW pace: 269 307 276 262
[11:27] Lucefear: ft pb
[11:28] Pl8z2win: why do i feel like i am waiting for bottom to fall out
[11:28] Lucefear: if you have longs, then would hold on
[11:28] kennya: hold on to what, exactly Luce.... hoep ?
[11:28] Lucefear: cause you're long?
[11:28] kennya: hope ?
[11:28] Lucefear: hold on LONGS lol
[11:28] Pl8z2win: yes hanging on cliff by one finger
[11:28] Lucefear: ft still bottoms here, no reason to stop yet
[11:30] Alert-Info: DOW 9966.22 -124.68 NAS 1792.62 -50.55 TICKn -549.00 S&P; 1134.04 -14.52
[11:30] Lucefear: man
[11:32] Lucefear: ft dt
[11:32] Lucefear: Dow dragging down
[11:32] Lucefear: so, next thing is to look for NQ double bottom
[11:33] Alert-Info: DOW -138.03 dt
[11:33] Lucefear: ugly
[11:33] Alert-Info: NAS -57.19 dt
[11:33] Lucefear: pl, your one finger still on cliff?
[11:33] Lucefear: think finger is broken
[11:33] Pl8z2win: stopped
[11:34] kennya: cliff fell away...
[11:34] Alert-Info: DOW -153.54 dt
[11:34] Lucefear: sharp ft drop
[11:34] kennya: but finger still on cliff....
[11:34] Lucefear: hehe
[11:35] Lucefear: ES sells hard here
[11:36] Alert-Info: DOW -168.69 dt
[11:36] Lucefear: wee
[11:36] Alert-Info: NAS -62.04 dt
[11:36] Pl8z2win: am short now and feel much better
[11:37] Lucefear: lol
[11:37] Alert-Info: TICKn -713.00 dt
[11:37] Lucefear: Dow ugly
[11:38] Alert-Info: DOW -184.19 dt
[11:39] Lucefear: NQ bottom attempt
[11:39] Pl8z2win: pretty ugly when tick so high and no good bounce
[11:40] Lucefear: see bounces
[11:41] Lucefear: CHKP nice bouncer
[11:41] Alert-Info: TICKn -541.00 ut
[11:41] Alert-Info: DOW -166.06 ut
[11:42] kennya: fugly
[11:43] Lucefear: nice ft bounce here
[11:43] Lucefear: even SUNW upticking
[11:43] Alert-Info: NAS -57.06 ut
[11:44] Alert-Info: DOW -150.77 ut
[11:44] Pl8z2win: knew if i shorted it would happen lol
[11:45] kennya: thx Pl8z2win :-)
[11:45] kennya: we nneded that !
[11:45] Pl8z2win: hehe
[11:45] Alert-Info: Trading mistake: Revenge trades
[11:45] Alert-Info: DOW 9941.51 -149.39 NAS 1786.04 -57.13 TICKn -477.00 S&P; 1130.41 -18.15
[11:45] Lucefear: :--(
[11:47] Lucefear: ok, next ft pb will show if we have bottomed here and can go up more
[11:49] Alert-Info: DOW -165.78 dt
[11:49] Lucefear: the last months the VIX so high did indicate the market bottom, short termn at least
[11:50] Lucefear: doesn't help us intra-day much tho
[11:51] Lucefear: QLGC bounce
[11:52] Alert-Info: TICKn -405.00 ut
[11:52] Lucefear: ft ut
[11:54] Lucefear: .
[11:54] Lucefear: that was the bottom, that's celar
[11:54] Lucefear: now let's see how much we go up
[11:55] Lucefear: tempted to short scalp the bounces
[11:59] Alert-Info: 12:00 PM
[11:59] Pl8z2win: VRSN NICE
[12:00] Lucefear: yes :)
[12:00] Alert-Info: DOW 9933.07 -157.83 NAS 1788.70 -54.47 TICKn -372.00 S&P; 1130.91 -17.65
[12:00] Alert-Info: NAS VOL 812,336,000
[12:00] Alert-Info: NYSE VOL 526,336,300
[12:00] Lucefear: NTAP too
[12:01] Lucefear: exiting NTAP with nice lunch money
[12:02] Lucefear: exiting VRSN with profit here
[12:04] Alert-Info: DOW -150.63 ut
[12:04] Lucefear: ft ut
[12:04] Alert-Info: TICKn -276.00 ut
[12:04] Alert-Info: NAS -52.39 ut
[12:04] Lucefear: go Nas!
[12:05] Lucefear: wow NTAP
[12:05] Lucefear: NTAP should be nice shorte later
[12:05] Lucefear: VRSn beatuy
[12:07] Lucefear: exiting QCOM, not a great bounce, but no loss at least
[12:09] Lucefear: looking for shorts soon in PSFT QCOM JNPR BEAS NTAP
[12:09] Alert-Info: TICKn +262.00 ut
[12:10] Lucefear: going short
[12:12] Alert-Info: TICKn +106.00 dt
[12:12] Lucefear: shorts bit more risky here near market lows
[12:12] Lucefear: QCOM nice shorter
[12:14] Alert-Info: TICKn -46.00 dt
[12:14] Lucefear: ft ut
[12:15] Lucefear: go Nas, fatten em up!
[12:15] Alert-Info: Trading mistake: Not having the right broker.
[12:15] Alert-Info: DOW 9953.83 -137.07 NAS 1793.07 -50.10 TICKn -7.00 S&P; 1132.38 -16.18
[12:16] Alert-Info: DOW -135.55 ut
[12:18] Alert-Info: NAS -47.66 ut
[12:19] Lucefear: ft ut
[12:19] Lucefear: gradual buying
[12:25] Lucefear: Pl8z2win, you have NQ fib here at 1465 too?
[12:27] Pl8z2win: 1466.31
[12:27] Lucefear: ok
[12:28] Lucefear: ft selling again
[12:29] Lucefear: 1452 1465 1479? approx
[12:30] Alert-Info: TICKn -174.00 dt
[12:30] Lucefear: QCOM ncie short again
[12:30] Alert-Info: DOW 9948.30 -142.60 NAS 1793.24 -49.93 TICKn -146.00 S&P; 1131.68 -16.88
[12:32] Lucefear: BRIEFING.COM] Selling pressure has abated as the market is paring its losses in gradual fashion... A sense that it is oversold on a short-term basis, and that it may get a boost from some short covering on the part of traders wishing to get a jump on the holiday weekend, has helped stem the selling tide... Nonetheless, there is little comfort to be found in the action of late as the bearish bias underscores the market's growing concerns about a protracted economic slowdown.
[12:38] Lucefear: market holding here
[12:43] Lucefear: Class starts now in #alert-class. To join type in /join #alert-class
[12:44] luisa: what do u guys think of jdsu for long term??
[12:45] Alert-Info: Reminder: Don’t believe everything you read
[12:45] Alert-Info: DOW 9942.41 -148.49 NAS 1791.77 -51.40 TICKn -218.00 S&P; 1130.99 -17.57
[12:45] Lucefear: dunno luisa, I'm only trading intra-day
[12:45] Lucefear: long term I think this market is near the bottom
[12:45] Lucefear: and if market goes up, JDSU will also
[12:46] luisa: thanx lucefear
[12:50] Alert-Info: NAS -52.29 dt
[12:50] Pl8z2win: VRSN looks ready to balstoff
[12:50] Pl8z2win: blastoff
[12:51] Lucefear: yes
[12:51] Lucefear: but will market do?
[12:53] Lucefear: Pl8z2win?
[12:53] Lucefear: can you take a quick look at http://www.alert-trading.com/class/fib.gif pls
[12:53] Lucefear: NQ
[12:53] Lucefear: is it what you have?
[12:53] Lucefear: ft dt
[12:53] Alert-Info: DOW -150.56 dt
[12:54] Alert-Info: TICKn -319.00 dt
[12:55] Pl8z2win: pretty close within about a point
[12:55] Lucefear: ok, thanks
[12:55] Pl8z2win: are you a convert? lol
[12:56] Lucefear: lol
[12:56] Lucefear: for class
[12:56] Alert-Info: TICKn -184.00 ut
[12:56] Pl8z2win: ahh
[12:58] Pl8z2win: VRSN pb
[12:59] Alert-Info: 01:00 PM
[12:59] Alert-Info: Careful. Market momentum should come back after lunch time.
[12:59] Alert-Info: NAS VOL 977,270,400
[12:59] Alert-Info: NYSE VOL 643,263,800
[13:00] Alert-Info: DOW 9940.34 -150.56 NAS 1791.17 -52.00 TICKn -195.00 S&P; 1130.76 -17.80
[13:09] Lucefear: market just sideways
[13:09] Pl8z2win: QLGC mind of its own
[13:10] Lucefear: btw: September 3 - Labor Day! markets closed
[13:10] Lucefear: ft dt
[13:11] Lucefear: finally
[13:14] Lucefear: think we test the lows again
[13:14] Alert-Info: DOW -165.71 dt
[13:15] Lucefear: NQ at fib line here!!!!
[13:15] Lucefear: lol
[13:15] Alert-Info: Reminder: Wait for the perfect trade
[13:15] Alert-Info: DOW 9921.52 -169.38 NAS 1788.08 -55.09 TICKn -259.00 S&P; 1129.61 -18.95
[13:15] Alert-Info: TICKn -311.00 dt
[13:17] Lucefear: cover PSFT + 1/2
[13:17] Pl8z2win: nice
[13:18] Alert-Info: NAS -56.97 dt
[13:19] Lucefear: cover BEAS + .2 and NTAP +. 1 sick of waiting
[13:20] Lucefear: brb
[13:30] Alert-Info: DOW 9930.65 -160.25 NAS 1788.60 -54.57 TICKn -243.00 S&P; 1129.74 -18.82
[13:31] Alert-Info: TICKn -181.00 ut
[13:32] Alert-Info: DOW -149.41 ut
[13:38] Alert-Info: TICKn -310.00 dt
[13:40] Alert-Info: TICKn -141.00 ut
[13:41] Alert-Info: NAS -52.34 ut
[13:45] Alert-Info: Reminder: Realize that most news are already discounted by the market
[13:45] Alert-Info: DOW 9946.29 -144.61 NAS 1790.26 -52.91 TICKn -167.00 S&P; 1131.88 -16.68
[13:52] Alert-Info: DOW -164.47 dt
[13:57] Alert-Info: TICKn -297.00 dt
[13:57] Alert-Info: NAS -57.09 dt
[13:59] Alert-Info: DOW -179.48 dt
[13:59] Alert-Info: 02:00 PM
[13:59] Alert-Info: NAS VOL 1,131,126,000
[13:59] Alert-Info: NYSE VOL 761,800,700
[14:00] Alert-Info: DOW 9907.82 -183.08 NAS 1784.80 -58.37 TICKn -275.00 S&P; 1128.04 -20.52
[14:06] Alert-Info: TICKn -451.00 dt
[14:06] Alert-Info: DOW -194.57 dt
[14:06] Alert-Info: NAS -61.65 dt
[14:06] Pl8z2win: VRSN holds well
[14:09] Alert-Info: DOW -210.55 dt
[14:10] Pl8z2win: dbl bottom naz
[14:12] Pl8z2win: notice how QLGC bounced back to its long term 23% fib line today
[14:13] Pl8z2win: vol not bad
[14:15] Alert-Info: TICKn -307.00 ut
[14:15] Alert-Info: DOW 9884.01 -206.89 NAS 1780.05 -63.12 TICKn -293.00 S&P; 1126.21 -22.35
[14:17] Pl8z2win: dbl bottom buyers stepping up
[14:20] Lucefear: back
[14:21] Alert-Info: DOW -194.92 ut
[14:21] Pl8z2win: CCMP short still working well
[14:24] Pl8z2win: ever notice how they will drop the bid to fill one sell order thenpop it right back up?
[14:27] Lucefear: yes
[14:27] Pl8z2win: do you know why?
[14:29] Lucefear: to get the fill of course!
[14:29] Lucefear: or they are just bored
[14:29] Pl8z2win: yes but there's more
[14:29] Lucefear: what
[14:30] Lucefear: we are flirting with the lows again, may go lower like yesterdy
[14:30] Alert-Info: DOW -210.00 dt
[14:30] Alert-Info: DOW 9876.75 -214.15 NAS 1777.62 -65.55 TICKn -264.00 S&P; 1125.50 -23.06
[14:30] Lucefear: Nq lod
[14:31] Pl8z2win: its usually to fill a market order and by dropping the bid for a second the scumbags pocket the difference on a lower fill
[14:31] Lucefear: what a shorters market, beauty
[14:33] Lucefear: PSFT wol
[14:34] Pl8z2win: we could pop here
[14:34] Lucefear: double/triple bottom, yes
[14:35] Lucefear: but not very promising here imo
[14:35] Lucefear: VRSN holds here
[14:36] Lucefear: dang, AMGN was strong-stock pattern today, missed it
[14:36] Lucefear: was a good buy around 11:30 near 64
[14:38] Alert-Info: TICKn -463.00 dt
[14:38] Lucefear: CHKP pb intereting for scalp long
[14:39] Alert-Info: TICKn -304.00 ut
[14:39] Lucefear: PSFT NTAP have been nice shorts before
[14:39] Lucefear: ft ut
[14:40] Pl8z2win: selling every bounce attempt
[14:41] Lucefear: SP having a hard time here
[14:41] Lucefear: took some CHKP
[14:41] Lucefear: wow 75k block
[14:42] Lucefear: Pl8z2win, did you watch T&S; for blocks recently?
[14:42] Pl8z2win: n
[14:42] Lucefear: I see so many blocks everyehere when I open a L2
[14:45] Lucefear: come on MLCO, go home
[14:45] Lucefear: doesn't let CHKP go
[14:45] Alert-Info: DOW 9888.10 -202.80 NAS 1782.77 -60.40 TICKn -303.00 S&P; 1126.37 -22.19
[14:48] Lucefear: even JNPR bounces more than CHKP
[14:48] Lucefear: AMGN nice
[14:49] Lucefear: 300k print CHKP!!!
[14:49] Alert-Info: DOW -194.92 ut
[14:50] Lucefear: nuts
[14:50] Alert-Info: NAS -56.61 ut
[14:50] Lucefear: hate blocks
[14:50] Lucefear: you never know what's on
[14:50] Lucefear: DELL bounce
[14:51] Pl8z2win: can go to 1789
[14:52] Lucefear: out CHKP +.2, sad
[14:53] Pl8z2win: or not need some follow thru here
[14:54] Alert-Info: TICKn -150.00 ut
[14:55] Alert-Info: DOW -179.77 ut
[14:55] Lucefear: ft ut
[14:55] Lucefear: DELL geez
[14:55] Pl8z2win: target hit
[14:55] Lucefear: gezz must short DELL later
[14:55] Lucefear: BRCD is a good shorter today
[14:56] Lucefear: NTAP short scalpy coming up
[14:56] Pl8z2win: VRSN fun and safe today
[14:57] Alert-Info: DOW -164.75 ut
[14:58] Alert-Info: NAS -51.25 ut
[14:59] Alert-Info: 03:00 PM
[14:59] Alert-Info: 1 hour to market close
[14:59] Alert-Info: NAS VOL 1,362,355,000
[14:59] Alert-Info: NYSE VOL 917,680,000
[15:00] Alert-Info: DOW 9920.27 -170.63 NAS 1790.71 -52.46 TICKn -122.00 S&P; 1129.89 -18.67
[15:01] Alert-Info: DOW -179.90 dt
[15:01] Lucefear: VRSN bounce beauty today
[15:02] Alert-Info: NAS -56.25 dt
[15:02] Lucefear: sharp ES pb
[15:03] Alert-Info: DOW -195.17 dt
[15:04] Lucefear: DELL was nice short
[15:05] Alert-Info: TICKn -286.00 dt
[15:08] Alert-Info: TICKn -132.00 ut
[15:09] Pl8z2win: VRSN new hi
[15:10] Alert-Info: TICKn -258.00 dt
[15:13] Lucefear: nice
[15:15] Alert-Info:
[15:15] Alert-Info: DOW 9893.91 -196.99 NAS 1785.83 -57.34 TICKn -211.00 S&P; 1127.09 -21.47
[15:20] Alert-Info: DOW -179.76 ut
[15:21] Alert-Info: TICKn -112.00 ut
[15:26] El-Kabong: hey all
[15:26] Pl8z2win: el!!!
[15:27] El-Kabong: Pl8z2win!
[15:27] lead: yikes!! sign of market TOP
[15:27] El-Kabong: mkt flushing
[15:27] Alert-Info: DOW -195.12 dt
[15:28] El-Kabong: 1650 here we come
[15:29] Pl8z2win: maybe good chance
[15:29] Alert-Info: 30 minutes to market close
[15:30] Alert-Info: DOW 9901.11 -189.79 NAS 1786.07 -57.10 TICKn -214.00 S&P; 1127.48 -21.08
[15:31] Lucefear: El-Kabong!! hi
[15:31] El-Kabong: Lucefear!
[15:31] Lucefear: El-Kabong, you miss BIG short profits!
[15:31] El-Kabong: :(
[15:31] Lucefear: this market is shorters heaven
[15:31] El-Kabong: yeah should have left shorts on lower
[15:32] El-Kabong: everything covered cep GOTO
[15:32] El-Kabong: lol
[15:32] Alert-Info: DOW -179.90 ut
[15:32] Lucefear: yeah
[15:32] Lucefear: $goto
[15:32] Alert-Info: GOTO 18.1300 x 18.2000 V 1,467,600 CHG -2.6600 -12.76%
[15:32] Alert-Info: GOTO pace: 1 14 8 3
[15:33] Alert-Info: DOW -163.64 ut
[15:34] Lucefear: ft bounces again
[15:36] Alert-Info: TICKn -240.00 dt
[15:38] Alert-Info: TICKn -61.00 ut
[15:39] Lucefear: nice PSFT bounce, temtpign for a short
[15:39] Lucefear: but its late alrady
[15:39] Alert-Info: 20 minutes to market close
[15:40] Alert-Info: NAS -51.66 ut
[15:41] Alert-Info: DOW -148.35 ut
[15:42] El-Kabong: so you think shorts left after the holiday's?
[15:42] El-Kabong: LOL
[15:42] El-Kabong: cover pop
[15:42] El-Kabong: MSCC green
[15:43] El-Kabong: PDLI green
[15:43] El-Kabong: NVDA green
[15:43] El-Kabong: still pigs around
[15:43] Lucefear: goooo Nas, fatten em up!
[15:43] El-Kabong: leave some pigs for me!!
[15:44] El-Kabong: lol
[15:45] El-Kabong: oct. not too far away
[15:45] Lucefear: hehe
[15:45] Lucefear: PSFT nice, wish there would be 2 hours left till close
[15:45] Alert-Info: Reminder: Profits are not made at the top or the bottom, but in the middle.
[15:45] Alert-Info: DOW 9934.80 -156.10 NAS 1792.67 -50.50 TICKn -24.00 S&P; 1130.76 -17.80
[15:47] Pl8z2win: they popped CIEN again...will have to watch tomorrow for pattern
[15:47] El-Kabong: i see GOTO pig finally starting to break down
[15:48] El-Kabong: NVLS earnings today?
[15:49] Pl8z2win: nope july 16 lol
[15:49] El-Kabong: lol
[15:49] Alert-Info: 10 minutes to market close
[15:49] Lucefear: lol
[15:49] Lucefear: elk, you are bit late!
[15:49] Pl8z2win: glad to see your in tune with the market elka LOL
[15:49] Lucefear: lol
[15:50] El-Kabong: i thought i heard something about NVLS...wasn't sure what it was
[15:50] El-Kabong: 15:18 ET Mid-Qtr Updates : Novellus (NVLS 46.65 -0.86) and Rambus (RMBS 6.10 -0.73) will hold their mid-quarter update conference calls after the close of trading. See Briefing.com's Events Calendar for details.
[15:50] Pl8z2win: PUMA TIVO today
[15:51] El-Kabong: what was that sound i heard?
[15:51] El-Kabong: lol
[15:51] El-Kabong: i think it was another flush!
[15:54] Alert-Info: TICKn +99.00 ut
[15:54] Alert-Info: 5 minutes to market close
[15:54] Alert-Info: DOW -163.85 dt
[15:54] Pl8z2win: bye all
[15:55] Alert-Info: 4 minutes to market close
[15:56] Alert-Info: TICKn +252.00 ut
[15:56] Alert-Info: 3 minutes to market close
[15:57] Lucefear: cu pl
[15:57] mp: woow
[15:57] mp: I am I in the right room?:)
[15:57] Alert-Info: 2 minutes to market close
[15:57] Lucefear: what room you look for
[15:58] mp: well your room Lucefear:)
[15:58] Lucefear: lol
[15:58] mp: nice chat here
[15:58] Alert-Info: last minute of trading!
[15:58] mp: I stop once in a wille
[15:58] Lucefear: yes
[15:58] El-Kabong: VRSN green
[15:58] El-Kabong: another pig
[15:59] El-Kabong: lol
[15:59] Lucefear: yes
[15:59] mp: BGEN is up
[15:59] El-Kabong: how's the bio index?
[15:59] mp: EBAY
[15:59] Alert-Info: 04:00 PM
[15:59] Alert-Info: markets closed! Have a pleasant day!
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