Jammin’

zOOm

09:12:39 From Dennis Parmelee : good morning all
09:13:08 From Dennis Parmelee : Boyz have decided to make everyone chase today
09:24:30 From Zeek Snodgrass : can you repeat the target for the next few days
09:26:57 From Dennis Parmelee : yes
09:27:07 From Dennis Parmelee : 38.25 to 42.75/43
09:29:29 From Zeek Snodgrass : ty
09:37:26 From Zeek Snodgrass : NQ 20 of the hi
09:39:34 From Zeek Snodgrass : chicago pmi 9:45
09:40:40 From Zeek Snodgrass : half gap 30.25
09:41:25 From Zeek Snodgrass : xxx
09:41:38 From Zeek Snodgrass : 4.5 pt range rth
09:41:47 From Zeek Snodgrass : we are in mid of rth range
09:42:51 From Zeek Snodgrass : NQ holding ES back
09:43:06 From Dennis Parmelee : paid for sure 40 was a risk reward idea
09:43:15 From Zeek Snodgrass : FANG stocks giving up gains
09:44:03 From Zeek Snodgrass : market feels like map is done by a 3 year old finger painting
09:48:24 From Zeek Snodgrass : Headline risk is very high today and tomorrow
09:49:26 From Zeek Snodgrass : tax bill gets full Senate vote late tonight or tomorrow early morning to mid day. The bill could get pulled from a vote if it won’t pass
09:49:49 From Zeek Snodgrass : OPEC production cut agreement extension vote is today
09:50:12 From Zeek Snodgrass : too many unknowns today to take a lot of risk
09:50:24 From Zeek Snodgrass : xxx
09:50:33 From Zeek Snodgrass : 37.5 is rth demon
09:53:34 From wei : from the methodology you showed yesterday, could today’s objective be 45?
09:53:48 From Dennis Parmelee : 43
09:54:16 From wei : sorry,43, what ever, can you show how you get it?
09:55:19 From wei : i was late
09:55:51 From wei : i will watch it
09:56:31 From Zeek Snodgrass : Did you know Homer Simpson?
09:57:01 From Cobalt : LOL
09:58:02 From Cobalt : yes!!
09:59:33 From wei : yes
10:03:42 From wei : xxxx
10:05:23 From wei : thx
10:06:07 From Cobalt : golden, very helpful
10:06:19 From wei : why you guess today that xxxxx
10:06:45 From Dennis Parmelee : xxxxx
10:06:48 From wei : xxxxxx
10:07:27 From wei : golden
10:08:47 From Cobalt : 20.5 was also the high before the PB on Tuesday
10:09:10 From Cobalt : area of interest
10:09:36 From wei : anticipate is what i am trying to learn
10:16:08 From wei : he must have a lot of money and time, lol
10:23:08 From Dennis Parmelee : we can scalp short against trend
10:23:15 From Dennis Parmelee : by risk reward ideas
10:23:25 From Dennis Parmelee : but easiest trade was up
10:23:33 From Dennis Parmelee : in anticipated jam
10:25:57 From Zeek Snodgrass : oil unch
10:26:18 From Zeek Snodgrass : OPEC agreement only 9 months not the 12 expected
10:27:18 From Zeek Snodgrass : I think at current rpices, frackers are going to produce even more than expeccted
10:27:39 From Zeek Snodgrass : OPEC is about to become irrelevant
10:29:07 From Zeek Snodgrass : watch for financials to run out of gas today
10:32:12 From Zeek Snodgrass : 6 pt rth range, time for a nap
10:34:19 From wei : can you show the trend line?
10:34:31 From wei : i saw it
10:36:07 From Zeek Snodgrass : NQ new high, see it attracts selling, like yesterday
10:36:22 From wei : thx
10:40:02 From Dennis Parmelee : xxx timing a charm
10:40:23 From Dennis Parmelee : price and time aligned
10:41:53 From wei : russell is weak
10:49:47 From wei : higher low
10:50:31 From wei : can you also show the chart with xxx trend line?
10:52:18 From wei : green line is support
10:53:45 From wei : the upper one is xxxx
10:54:38 From Dennis Parmelee : yes
10:54:47 From Dennis Parmelee : a bit ahead of ourselves on it
10:54:58 From Dennis Parmelee : law of alternation
10:55:05 From Dennis Parmelee : i thought go up
10:55:17 From Dennis Parmelee : wont do what it did yesterday
10:55:46 From Dennis Parmelee : 43 to 44.25 targets
10:55:55 From Dennis Parmelee : still available
11:02:42 From Cobalt : really hate to leave this great edcation but have a full day in front of me elsewhere.
11:02:45 From Cobalt : Thanks E
11:03:05 From Dennis Parmelee : u bet
11:08:38 From Dennis Parmelee : so 46.75 next potential xxxx
11:11:03 From Dennis Parmelee : i’m happy we got to 43
11:11:12 From wei : amazing
11:18:16 From wei : yes
11:21:42 From Dennis Parmelee : what is xxxx
11:22:36 From Dennis Parmelee : xxx
11:22:41 From Dennis Parmelee : x
11:23:23 From Dennis Parmelee : if using 52 stop
11:23:36 From Dennis Parmelee : think small for profit taking
11:24:42 From Dennis Parmelee : taking break
11:28:02 From Zeek Snodgrass : 40.75 is xxxx
11:28:15 From Zeek Snodgrass : We got the John McCain votes yes program
11:29:17 From Zeek Snodgrass : 47 is weekly T5 48.75 is daily T2
11:29:25 From Zeek Snodgrass : Hi may be in
11:29:31 From Zeek Snodgrass : tree grew to the sky
11:29:50 From Zeek Snodgrass : blind squirrel found a nut
11:30:11 From Zeek Snodgrass : NQ back 15 pt
11:30:18 From Zeek Snodgrass : fast up fast down?
11:30:22 From Zeek Snodgrass : have to observe
11:38:13 From Zeek Snodgrass : All it will take is a headline of one Senator voting no to undo all of today’s gains
11:38:26 From Zeek Snodgrass : be careful and don’t leave buy orders unattended
11:39:45 From Zeek Snodgrass : all markets are moving chaotically
11:40:07 From Zeek Snodgrass : that means to me that we will go to an extreme in both directions today
11:43:03 From wei : yes
11:44:18 From wei : could today be dolge day?
11:45:24 From Daniel : lower
11:46:14 From Dennis Parmelee : doubtful

11:53:56 From wei : appreciate , this class is gold

12:07:01 From Dennis Parmelee : zeek posted erly today target 48 NRO
12:07:07 From Dennis Parmelee : not ruled out
12:07:13 From Dennis Parmelee : great post
12:13:47 From Dennis Parmelee : zeek kudos 48.75 hit
12:13:55 From Dennis Parmelee : 8:22 daily upside targets are 38 41.5 45.25 48.75
12:14:23 From Dennis Parmelee : month end bias amazing
12:21:37 From Dennis Parmelee : target 51.75 a stone’s throw away
12:23:15 From Dennis Parmelee : we buy support in an uptrend
12:23:18 From Dennis Parmelee : Period.
12:32:51 From Dennis Parmelee : all taargets achieved
12:33:08 From Dennis Parmelee : shorting this moon shot is a fools game

12:34:40 From Dennis Parmelee : any trailers left done by 2655.5

12:34:46 From Zeek Snodgrass : this is another program trade
12:34:49 From Dennis Parmelee : xxx
12:34:59 From Zeek Snodgrass : bots are relentless
12:35:16 From Zeek Snodgrass : all reason and balance are for past generations of markets
12:35:31 From Zeek Snodgrass : this is the blow them sky high and then make it up to keep it up
12:35:53 From Zeek Snodgrass : I think make it to keep it up is my 2020 campaign slogan
12:36:44 From Zeek Snodgrass : xxxxx
12:37:15 From Zeek Snodgrass : this lack of liquidity
12:38:10 From Zeek Snodgrass : timing for profit taking is 1pm
12:38:25 From Zeek Snodgrass : lunch bbl
12:43:45 From Dennis Parmelee : JUST AVOID TROUBLE NOW
12:44:05 From Dennis Parmelee : bingo
12:44:12 From Dennis Parmelee : 55.5
12:44:31 From Dennis Parmelee : lunch back later
13:08:23 From Zeek Snodgrass : here are some other targets, I have no idea if we go higher or not. buying at this level is too aggressive for my risk tolerance
13:09:27 From Zeek Snodgrass : xxxxx
13:10:01 From Zeek Snodgrass : 2656 is the xxx and has been hit
13:10:56 From Zeek Snodgrass : xxx
13:11:10 From Zeek Snodgrass : xxxxxx
13:11:18 From Zeek Snodgrass : may get there by end of next week
13:12:15 From Zeek Snodgrass : we are greatly over extender to the upside
13:12:31 From Zeek Snodgrass : does the pb come last hr, overnight, or tomorrow?
13:12:47 From Zeek Snodgrass : that means I simply don’t know
13:13:19 From Zeek Snodgrass : this could be the largest wreckingball trade since 2008
13:13:50 From Zeek Snodgrass : NQ not all time high, has not even retraced yesterday’s decline
13:14:16 From Zeek Snodgrass : the largest contributor to the move has been a lack of liquidity
13:14:25 From Zeek Snodgrass : lack of liquidity works both ways
13:17:32 From Zeek Snodgrass : Take this as an outlier day and don’t take a lot of risk
13:17:48 From Zeek Snodgrass : think 1 or 2 trades rest of day
13:18:01 From Zeek Snodgrass : best idea may be last hour pb trade. E is the master of this trade

13:18:23 From Zeek Snodgrass : don’t get caught buying. use 1 pt hard stop

13:18:52 From Zeek Snodgrass : 49.25 is xxx
13:19:10 From Zeek Snodgrass : 50.75 is xxx
13:19:28 From Zeek Snodgrass : bots may try and hold this level
13:20:10 From Dennis Parmelee : ty zeek
13:20:19 From Dennis Parmelee : if had good day relax
13:25:03 From Zeek Snodgrass : I think there are no shorts left
13:27:42 From Zeek Snodgrass : 54.25 demon
13:29:21 From Zeek Snodgrass : xxx at 2643.5
13:31:50 From Zeek Snodgrass : hour just complete is a doji bar
13:33:23 From Dennis Parmelee : institutional buying
13:34:17 From Dennis Parmelee : xxx
13:34:23 From Dennis Parmelee : xxx
13:34:32 From Dennis Parmelee : xxxx
13:34:44 From Zeek Snodgrass : started with the xxxxx
13:34:48 From Dennis Parmelee : shutting down
13:34:52 From Dennis Parmelee : reopen by 2

================

Afternoon

14:03:13 From Dennis Parmelee : if buying the 47 zone
14:03:19 From Dennis Parmelee : weak hand
14:03:37 From Dennis Parmelee : scalp with trend may not work at all
14:03:50 From Dennis Parmelee : but should be paid there if short
14:04:03 From Dennis Parmelee : first time back at blue line
14:04:07 From Zeek Snodgrass : keep in mind that we can get profit taking programs at the end of the day.
14:04:24 From Dennis Parmelee : agreed
14:04:30 From Dennis Parmelee : this was the first part
14:04:33 From Zeek Snodgrass : The programs could be very large given today’s move and the outsized move this month
14:04:36 From Dennis Parmelee : xxxxxx
14:16:14 From Evan’s iPad : significance of IB hi at 46.50 showing support? or not too important?
14:17:43 From Zeek Snodgrass : I have 40.75 as IBH
14:18:38 From Dennis Parmelee : rule of thumb tough to break 3 lines all at once
14:18:46 From Dennis Parmelee : blue line is slope line
14:18:49 From Dennis Parmelee : above
14:18:55 From Dennis Parmelee : = for longs
14:37:45 From Zeek Snodgrass : dfd
14:37:51 From Zeek Snodgrass : cya tomorrow
14:42:09 From Dennis Parmelee : thanks zeek
14:42:46 From Dennis Parmelee : be conservative
14:43:03 From Dennis Parmelee : best trades now done
14:43:23 From Dennis Parmelee : market trying to catch its breath
14:46:06 From Dennis Parmelee : rth a and d says 38 support
14:55:35 From Dennis Parmelee : no trade recommended
14:55:41 From Dennis Parmelee : too quiet
14:56:28 From Dennis Parmelee : high and low are likely in for day
14:56:45 From Dennis Parmelee : a bit more pb makes sense
14:56:50 From Dennis Parmelee : not yet
14:56:59 From Dennis Parmelee : test 45 to 42
15:04:15 From wei : can you show pivot points and r2/r1?
15:08:55 From wei : why for different charts, they have different r1,r2?
15:10:29 From Dennis Parmelee : cover 42 to 40
15:34:56 From wei : if it goes below the neck line, will the market plunge?
15:35:48 From Dennis Parmelee : possibly
15:36:04 From Dennis Parmelee : but expecting 40 to hold is premise
15:36:08 From Dennis Parmelee : xxxx
15:36:40 From wei : no, i mean head and shoulder
15:37:10 From wei : yes
15:38:04 From wei : thx
15:38:54 From Dennis Parmelee : last to leave the party loses
15:43:59 From wei : no
15:58:31 From Dennis Parmelee : today was a buy buy sell rhythm
15:58:39 From Dennis Parmelee : then buy for close
15:58:52 From Dennis Parmelee : 2650 idea
15:59:53 From Dennis Parmelee : xxx
16:01:22 From wei : thx
16:03:19 From Dennis Parmelee : this last leg down is a surprise
16:03:32 From Dennis Parmelee : for the 40 test
16:04:10 From Dennis Parmelee : if took pfs
16:04:23 From Dennis Parmelee : i didnt try
16:07:01 From Dennis Parmelee : neckline test
16:09:59 From Dennis Parmelee : gn
16:10:04 From bc : thanks
16:10:12 From Dennis Parmelee : u bet