fighting the tape....not sound practice
Tiric: glw's a screaming short again.
alesisgb: k
alesisgb: this is shaping up to get ugly again methinks
Tiric: SSOL(W) been on a tear since it got listed. When the squeeze is cooked...short the (expletive deleted) outta it.
Tiric: S&P didn't even make it to the intraday downtrend on that last attempt...
Tiric: And it's a steep line
alesisgb: got csco, sunw, orcl all testing intraday uptrends
Tiric: looks like they wanna bounce
alesisgb: yeah, so far
Tiric: S&P just made it sideways to the right of the dt
Tiric: prolly ride it down from above now
Tiric: naz at the dt now
alesisgb: oh happy day! hp in the house
Tiric: you bought hp?
alesisgb: that pavilion computer that has been broke down for 2 months, finally got the (expletive deleted) back today
Tiric: hwp?
Tiric: oh...ok...lol
alesisgb: (expletive deleted) pos, will never buy hp again, thats for sure
Tiric: naz just crossed to the right of the dt
alesisgb: looks like its at it
alesisgb: where you getting yer charts from?
alesisgb: thought you didn't use them?
Tiric: rough intraday from aol....line chrt...one minute updates
alesisgb: thats cool, u cheap bastard, lol
Tiric: they come up quick tho
alesisgb: one min delay is no biggie
Tiric: only the indexes are realtime
alesisgb: mine are real time one minute delayed, lol
Tiric: they're good for trendline and pattern reads
alesisgb: another friggin lunch bounce, lol
Tiric: goofy little triangle at the bottom of that slide down
alesisgb: close on this bar puts us thru at least, but testing the mid
Tiric: "goofy"...that's a technical term
alesisgb: see if this keeps channel in tact
alesisgb: goofy my middle name
Tiric: lol
Tiric: that's right...you still got the hat?
alesisgb: absolutely, and the shirt, and the backpack
alesisgb: oh yeah, and the slippers, lol
Tiric: heheheh
alesisgb: the slippers are total deth, i wore them to the party store once, lol
Tiric: sheez
alesisgb: the brake and gas pedals were tuff to work tho, lol so i haven't tried it since
Tiric: takes talent
alesisgb: lol
Tiric: that last bottom lookin like it's gonna be a left shoulder
Tiric: 9:30 to 10:30 was a big ol H&S on the S&P...lunch rally stopped at the neckline
Tiric: neckline trends down...if it holds as resistance, things'll get ugly
alesisgb: k, think i see what yer talking, not much of a right shoulder...
Tiric: bounce from unch to 1451ish is right shoulder
starts at 10:45
alesisgb: dvnt just broke
Tiric: nice vol
Tiric: 14 1/2 probable target
Tiric: lunch bulls tryin' to make it look convincing here
alesisgb: check out and eod mil chart
Tiric: zoiks
alesisgb: gap continuation...
Tiric: speakin of zoiks...check out eod GADZ
alesisgb: nice
Tiric: bulls 'n' bears sluggin' it out here...each with one hand tied behind their back
alesisgb: sign on to that direct connect im. wanna show you sumtin
Tiric: k
Tiric: sheez...it wants me to upgrade
alesisgb: lol, do it later
Tiric: how long does it take?
alesisgb: not long
alesisgb: i'll put it on site
Tiric: It's doing it now
Tiric: ok...cool
alesisgb: ok, its up, down at the bottom
Tiric: what economic reports come out Fri?
alesisgb: geez, thought today was friday
Tiric: That trendline's a bit too steep
I thought today was Wed...lol
alesisgb: members.home.net
alesisgb: that's sunw
Tiric: check out how the S&P 1 min played that H&S neckline before losing it....ugliness on tap
Tiric: If SUNW loses that RSI spring to the downside...it'll cave pretty quick
alesisgb: yeah, need to corral the five min bb's , trying
alesisgb: on ndx
alesisgb: may just hold the trends for today...
alesisgb: ndx uptrendline is about sixty pts away
Tiric: Check out the PE on CIEN
Tiric: 3,060
heheheh
Tiric: Got a few more gray hairs from it this week but in a rising interest rate environment a PE of 3,000 is a bit too high
Tiric: treasuries gettin' shellacked today....the fed even bought another $2 bil back....12yr and 19yr maturities
alesisgb: they report i think either today or tomorrow
alesisgb: looked like cien bounced off a dt line and broke higher, eod
alesisgb: i told ya cien had one of the strongest 60min charts i'd seen
Tiric: It's breaking back down so far
alesisgb: i was ready to go long when it bounced off 130, lol
Tiric: I have a longer timeframe than a week...gotta stick to it
alesisgb: yeah, its fallen back to supports
alesisgb: sixty uptrend and horizontal'ish one both around low 130s
alesisgb: looks like 129-130
Tiric: needs another couple days like today.
Tiric: anything cautionary in the earnings report will help
alesisgb: anything like that, will prolly kill it
alesisgb: it'll open 'round 100, ;)
Tiric: would be nice
alesisgb: it'll be an h and s going into 130
Tiric: cool
Tiric: A lower range close today will get the stochs set up pretty good for a drop
alesisgb: i'm thinkin it
alesisgb: it'll be more dramatic if we crash tomorrow then, lol
Tiric: I could stand to see it around $50
alesisgb: heheh
Tiric: bring that PE down to a mere 1,000
alesisgb: lol
alesisgb: what's a pe 30 go for?
alesisgb: about 11?
Tiric: about 5 1/2
alesisgb: could you imagine that shit? all the +25s in there would be trading under ten bucks
Tiric: I don't think Greenspan wants to (expletive deleted) the market quite that hard...lol
alesisgb: makes ya wonder what they were thinking...you would almost have to evaluate them on what their pe's were going in...
alesisgb: csco, pe30?...yikes
Tiric: yeah,,,CSCO been givin' back PE for a while now
Tiric: still at 155
Tiric: was close to 300 last year
alesisgb: selling vol pickup if it closes here
Tiric: yeah...high PE stocks are big targets
Tiric: getting that last rally in before the closing hour
Tiric: So...are you net long or net short today?
alesisgb: net watching, missed 2 fills on shorts
Tiric: sell some GLW...no way is it gonna break out to the upside
Tiric: It's workin' on the last upswing to go after
Tiric: look out belooooooooowwww
alesisgb: lol
Tiric: ouch...that last downtick had to hurt...lol
alesisgb: lol
alesisgb: sheez, spy has barely budged
Tiric: nobody home there I guess
alesisgb: gonna hafta consider this a friggin 'starter' position, lol
Tiric: got a stop?
alesisgb: prolly fifteen mids
Tiric: Looks like last 5 mins could get crazy
Tiric: A close under SP 1440 will be good for 25 or more down tomorrow
alesisgb: its a small position the way this thing is moving. would have expected wider swing but its only moved 1/4
Tiric: GLW gave it up
Tiric: 1440 being quite sticky
Tiric: here comes the 5 min whistle
Tiric: Oh the humanity!!!!!!
alesisgb: lol, yikes |
