Thursday, July 22, 2010

Jul 22 2010

Classic summer trading day: slow, boring and profitable - IF you stay patient. That we did. Bore me with profits, and I'll yawn all the way to the bank.

Session Time: Thu Jul 22 00:00:00 2010

[08:02] {nemo} surprise surprise we gapped up overnight
[08:06] {Threei}  for no good reason too
[08:06] {nemo} snap back from Bernanke
[08:07] {nemo} remember half jokingly I said we should go long on the close ;)
[08:08] {Threei}  and I half jokingly thought you were insane
[08:08] {nemo} There's a difference between insanity and stupidity
[08:08] {nemo} I just happen to be both
[08:09] {Threei}  awww
[08:09] {Threei}  I typed that
[08:09] {nemo} beat you too it
[08:11] {Threei}  (US) Preview: Weekly Initial Jobless Claims due at 08:30 ET (12:30 GMT)
[08:30] {Threei}  *(US) INITIAL JOBLESS CLAIMS: 464K V 445KE; CONTINUING CLAIMS:4.490M V 4.590ME
[08:45] {strider} .
[08:46] {Threei}  good point
[08:47] {swil} good morning
[08:50] {Les} why only think half jokingly that nemo is insane?
[08:50] {Les} morning :)
[08:51] {Threei}  swil, les :)
[08:51] {Les} great book on Stalin vad, just got it today
[08:52] {Threei}  just because my range is between 40 and 60% of joke share in thinking
[08:52] {Threei}  you'll love it
[08:52] {Threei}  it's veryu different from your standard bio
[08:52] {Les} yes this guy can write a story
[08:53] {Threei}  and the best part is, it's not just a story
[08:53] {Les} but the anecdotal details from others who remember Soso, amazing sources he has...
[08:53] {Threei}  amazing amount of reserach in acrhives not so easy to reach
[08:54] {Threei}  plus what makes it unique for me is,
[08:54] {Threei}  he is not simply relies facts, and not just puts them together in a fascinating way,
[08:55] {Threei}  he really gets deep into inner logic of the character, his psychology,
[08:55] {Threei}  shows why he thought and acted as he did
[08:55] {Threei}  as you move throuigh book you'll find out that his behavior actually started making sense for you - providning you understood his way of looking at the world
[08:56] {Les} how interesting. I wonder if we read Nemo long enough, will we understand his way of looking at the world?
[08:56] {Threei}  accept his premises, and you will see that he cdouldn'rt act any different
[08:56] {Threei}  then the scary part comes:
[08:57] {Threei}  look through the same prism at the way some of current political figures think and act
[08:57] {Les} yeh I read the little story about his mum cleaning Jewish merchants' houses
[08:57] {Les} how he was beaten by his mother... ay ay ay
[08:58] {Les} curious to read a good bio on Hitler... wonder if there is one
[09:04] {dino} gm all
[09:04] {Les} I see Ben knocked the market off its pedestal yesterday
[09:04] {Threei}  dino :)
[09:04] {Les} yet its roaring back. hey dino
[09:05] {dino} :D
[09:07] {nemo} yeah, bad day for dino
[09:10] {dino} yeah, these big ups are tough on my style
[09:12] {ese} morning
[09:12] {Threei}  ese :)
[09:13] {Les} WHR in a nice channel 15 min. wonder if it holds it today
[09:15] {ese} morning vad
[09:15] {ese} anything new and exciting
[09:16] {Threei}  yes
[09:16] {Threei}  not new
[09:16] {Threei}  but
[09:16] {Threei}
[09:17] {Les} nice
[09:18] {swil} can I say nice.
[09:19] {Threei}  ty
[09:19] {dino} whr
[09:19] {dino} itri
[09:20] {strider} morning folken
[09:20] {dino} mlnx
[09:20] {Threei}  strider :)
[09:20] {strider} :)
[09:20] {ese} Dallas Road Vad and the breakwater?
[09:20] {Threei}  yup
[09:21] {dino} gap around 21.60 mlnx
[09:21] {Les}
[09:21] {ese} very nice......from a musicians point of've got some talent there chief
[09:21] {Les} here's the nicest photo of tuscany countryside from last week
[09:21] {Threei}  ty ese
[09:21] {dino} opps mlnx already through gap
[09:22] {Threei}  not loading Les... downsize it
[09:22] {Les} hmm it's not opening correctly
[09:23] {Les}
[09:23] {lasertrev} good morning
[09:23] {Les} need to take smaller raw images
[09:23] {Les} hi lt
[09:23] {larisa} gm :)
[09:23] {Threei}  trev, larisa :)
[09:23] {lasertrev} hi:)
[09:23] {Les} italian farmers have aesthetics down to fine art
[09:24] {i2romantis} morning all :)
[09:24] {Threei}  i2r :)
[09:24] {lilyd} morning - photos are a lovely way to start the day!
[09:24] {Threei}  lily :)
[09:24] {Threei}  ese, look dcc please
[09:24] {ese} thats in italy ...where abouts?
[09:24] {Les} I prefer coffee lily
[09:24] {Les} south of Siena
[09:24] {lasertrev} ese dcc
[09:25] {lilyd} there is no morning w/o coffee
[09:25] {magoo} morn
[09:25] {Les} pretty countryside right now, but frikin hot
[09:25] {Threei}  let me be materialistic and say: as nice as coffee and photos are, I want my morning to start with profits
[09:25] {Les} yes please
[09:26] {Les} what's on the menu?
[09:27] {Les} spy ready to break, or fake?
[09:27] {Threei}  who knows
[09:28] {nemo} c'mon Darth
[09:29] {magoo} was CAT good numbers vad?
[09:29] {nemo} YES
[09:29] {nemo} guided higher
[09:30] {jfjf64} mornin
[09:31] {Threei}  jf :)
[09:31] {Threei}  yes mags
[09:31] {magoo} BIDU pllbk
[09:31] {Threei} Short Setup: LVS  .80 if stays under .90
[09:32] {nemo} spy going at least to .70
[09:32] {Threei} Short Setup: BP  .40 break if stays under .50
[09:33] {Threei}  LVS 1:1
[09:34] {Threei}  BP 1:1
[09:34] {magoo} missed both dammit
[09:34] {Les} ty lvs
[09:34] {Threei}  wake up, both were easy obtainable...
[09:34] {strider} got LVs missed bp
[09:34] {Les} missed bp cleaning up lvs scalp
[09:34] {magoo} i had a laser issue, said advanced features blah
[09:34] {magoo} no execute
[09:35] {Threei}  you must have had ARCA route on
[09:35] {nemo} spy at resistance
[09:35] {Threei}  ISLD'd get you in
[09:35] {Threei}  sorry, NASDAQ
[09:35] {Les} 2nd entry lvs?
[09:35] {magoo} yup
[09:36] {Threei}  not sure les
[09:37] {magoo} bidu vad
[09:38] {nemo} jumpy
[09:41] {Threei}  watching LVS for long entry on pullback
[09:41] {Threei}  under .85
[09:41] {Les} wfc tight consolidation
[09:41] {Les} .80 break?
[09:41] {Threei}  no
[09:42] {Threei}  look at FAS and WFC
[09:42] {Les} ok
[09:42] {strider} l FAZ .15
[09:42] {Threei}  FAS charges ahead, WFC does nothing
[09:42] {dino} itri interesting
[09:42] {nemo} spy gonna' test yesterday's high
[09:42] {Les} b/d itri?
[09:43] {Threei}  shrug
[09:43] {Threei}  20 cents spread
[09:43] {magoo} vad AMZN pllbk
[09:43] {Les} ooh yeh. sorry vad, dino question
[09:44] {Threei}  LVS seems to preparing breakout instead of pullback
[09:44] {dino} not sure where les
[09:44] {dino} break of .00
[09:45] {Threei}  (US) Preview: June Existing Home Sales due out at 10:00ET
[09:45] {Threei}  (US) Preview: May House Price Index due out at 10:00ET
[09:45] {Threei}  (US) Preview: June Leading Indicators due out at 10:00ET
[09:45] {Threei}  (EU) Preview: Euro-Zone Jul Advanced Consumer Confidence data expected at 10:00am ET (14:00 GMT)
[09:46] {Les} lvs recross 25?
[09:46] {Threei}  after some consolidation, maybe
[09:46] {Threei}  right away, no
[09:47] {dino} sm l itri .89, risky
[09:48] {nemo} wow bidu fall
[09:48] {Threei}  bounce time after the next leg down BIDU
[09:48] {nemo} pivot is .29
[09:49] {dino} sohu
[09:50] {Threei}  LVS looks ripe for short attempt IF SPY makes double top
[09:50] {Threei} Short Setup: LVS  25 break if stays under .10
[09:51] {Threei}  here comes next leg down BIDU
[09:51] {Les} .30 yesterday's close
[09:51] {nemo} wonder if it's safer to wait for db on bidu
[09:52] {nemo} mags excluded of course
[09:52] {magoo} QAMZN too vad
[09:52] {strider} short lvs .98
[09:52] {Threei}  like clockwork, BIDU
[09:52] {magoo} i caught it
[09:53] {Threei}  :)
[09:53] {Threei}  we need SPY to lose .80 for double top confirmation
[09:54] {ese} L line .92
[09:54] {Threei}  7 min till numbers... hope play resolves till then
[09:54] {Threei}  don't want to get caught in whipsaw
[09:54] {nemo} scratch it then
[09:55] {ese} 1/2 out +.07
[09:55] {ese} line
[09:56] {magoo} what numbers vad?
[09:56] {ese} out in full .05 avg +.13
[09:56] {nemo} housing
[09:56] {Threei}  lol
[09:56] {Threei}  [09:45] {Alert} Threei (US) Preview: June Existing Home Sales due out at 10:00ET
[09:56] {Threei}  [09:45] {Alert} Threei (US) Preview: May House Price Index due out at 10:00ET
[09:56] {Threei}  [09:45] {Alert} Threei (US) Preview: June Leading Indicators due out at 10:00ET
[09:56] {Threei}  [09:45] {Alert} Threei (EU) Preview: Euro-Zone Jul Advanced Consumer Confidence data expected at 10:00am ET (14:00 GMT)
[09:56] {Threei}  pick what you like
[09:57] {Threei}  open buffet, for all tastes
[09:57] {dino} mlnx sm l .50
[09:57] {dino} out itri .49, +.60
[09:57] {magoo} out .87 + .80 TY vad
[09:57] {Threei}  you out BIDU yet mags?
[09:57] {Threei}  ok, great
[09:57] {Threei}  it came into resistance
[09:58] {Threei}  3 min till nnumbers...
[09:58] {Threei}  can turn either way guys, weigh whether yyou want to stay in
[09:58] {dino} gj magoo
[09:58] {ese} stalking qcom for .00 break
[09:58] {Threei}  can scratch b/e
[09:58] {Threei}  can half it
[09:59] {Threei}  halve too
[09:59] {nemo} market probably expects bad, that's the deal
[09:59] {Threei}  with 4 of them, how do you decide which would got what weight
[10:00] {nemo} housing
[10:00] {Threei}  *(US) JUNE EXISTING HOME SALES: 5.37M V 5.1ME (-5.1% M/M)
[10:00] {nemo} see
[10:00] {dino} ok
[10:00] {Threei}  *(US) JUN LEADING INDICATORS: -0.2% V -0.3%E
[10:00] {dino} ok
[10:00] {nemo} oh boy
[10:00] {Threei}  *(US) MAY HOUSE PRICE INDEX M/M: 0.5% V -0.3%E
[10:00] {nemo} oh boy
[10:01] {strider} stop & stop
[10:01] {Les} stopped
[10:01] {magoo} BIDU lows hmmmm
[10:01] {nemo} hah?  BIDU coughing up the furball
[10:01] {i2romantis} mlnx out +.20
[10:01] {Threei}  nice i2r
[10:01] {nemo} look for bounce .40
[10:01] {dino} gj i2r
[10:02] {i2romantis} thx
[10:02] {magoo} dino u see nflx here?
[10:02] {gregns} vad, thks for suggesting to get out due to #s
[10:02] {Threei}  :)
[10:02] {dino} bidu gap fill?
[10:02] {ese} L qcom .91   agressive entry
[10:02] {nemo} see support at .40
[10:02] {Threei}  risk management... cornerstone of the whole game
[10:02] {dino} yes
[10:02] {Les} wfc going for it
[10:03] {magoo} unbeliev pounding BIDU against mkt
[10:03] {nemo} .37 dino
[10:03] {Threei}  newbies run around wide-eted counting potential profits... pros weigh risk
[10:03] {dino} nflx toughie imo
[10:03] {dino} better worlds
[10:04] {ese} out qcom 1/2 .99 +.08
[10:05] {nemo} jeez bidu
[10:05] {ese} out in full qcom .08 +.17
[10:05] {ese} now let me much did i make.......ahhhhhhhhh I mean...........what was the risk on that?   oppps
[10:05] {i2romantis} MLNX reading Vad?
[10:06] {Les} lvs not really running with market
[10:06] {Threei}  need some more consolidation, i2r, unclear here
[10:09] {ese} no reprisal from vad with that last comment......hmmmmmmmm
[10:09] {ese} es escapes with skin on teeth still intact
[10:09] {nemo} you have skin on your teeth?
[10:09] {dino} evil speculator, lol
[10:09] {ese} we all do don't we
[10:09] {ese} ?
[10:09] {i2romantis} better safe
[10:10] {ese} ya true
[10:10] {nemo} I have compound eyes
[10:10] {ese} 4 of them?   wow
[10:11] {Threei}  MLNX now: pullback closer to .50 for long entry,
[10:11] {Threei}  stop under .35
[10:12] {Threei}  here we go
[10:12] {Threei}  see if you can catch right moment, impossible to call exactly
[10:12] {Threei}  and keep shares reasonable, volatile one
[10:13] {i2romantis} MLNX L sm .56
[10:14] {strider} bp/
[10:14] {strider} ?
[10:14] {Threei}  good reflexes, you got the exact low of the pullback
[10:15] {Threei}  US Fed's Bernanke: It is important to offset any extension of the Bush tax cuts
[10:15] {i2romantis} MLNX out, + 17
[10:15] {Threei}  - Reminder: Congressman in recent weeks have voiced various opinions on the extension of Bush tax cuts, with some claiming the middle class cut is unaffordable, while others claiming it is necessary
[10:15] {nemo} hehehe...democrats love to hear that
[10:15] {Les} those tax cuts still in effect?
[10:15] {Threei}  that was a footwork of true scalper, i2r
[10:15] {nemo} until eoy
[10:15] {dino} idiots; lower taxes = more revenues
[10:16] {i2romantis} yeah, seems enough for me
[10:16] {Threei}  BP is getting interesting
[10:17] {magoo} missed AMZN
[10:17] {magoo} been watching all morn
[10:17] {Threei}  don't touch MLNX this time, IMO
[10:17] {Threei}  will break down most likely
[10:17] {i2romantis} watching for the .40 break or breakdown
[10:18] {Threei}  so will BP
[10:19] {Threei}  foramlly, .40 break is long on double bottom but I don't believe this is a good case
[10:19] {magoo} WFC vad, IF nmkts pllbk short
[10:19] {Threei}  probably, .20 trigger
[10:20] {dino} itri sm l .75
[10:20] {Threei}  above .30 invalidation
[10:22] {dino} stopped itri -.35
[10:22] {magoo} good read vad WFC
[10:22] {Threei}  if anything, that .40 break on BP was a trap, to be shorted
[10:22] {Threei}  wfc
[10:22] {Threei}  ?
[10:22] {Threei}  never triggered
[10:23] {magoo} the invaldate read
[10:23] {Threei}  oh
[10:23] {Threei} Short Setup: BP  .30 break
[10:23] {Threei}  if stays under .40 for scalpers, .45 for day traders
[10:27] {Threei}  if I were smarter, I'd have called aggressive short at .40
[10:29] {strider} scalp short itrii +.10
[10:29] {strider} itri
[10:29] {magoo} sh wfc loss .30
[10:29] {magoo} stop .43
[10:30] {Threei}  (CA) Bank of Canada (BOC) monetary report: Lowers Q2 GDP view to 3.0% from 3.8 prior (related EWC USD/CAD EUR/CAD )
[10:31] {Threei}  1:1 for scalpers
[10:31] {i2romantis} good call on BP
[10:31] {strider} GS
[10:31] {Threei}  direction wise, yes... entry, not too happy about how I managed it
[10:32] {Threei}  had a read on .40 break long as a trap, should have used it to be on a side of a trappers
[10:32] {i2romantis} I was ok with scalping today
[10:33] {Threei}  btw, who is still holding BP, stop to above b/e
[10:33] {i2romantis} actually, anytime I scalp, I'm on top most of the time, as soon as I go back to my "good" old day trading, having trouble with it :)
[10:33] {magoo} thinkin .11
[10:33] {ese} ok.....ok.....OK!!! spectacular man spectacular
[10:33] {magoo} OUT .11
[10:33] {Les} I have bid .15 pivot support
[10:33] {Threei}  no wonder i2r, we are in a very whippy environment
[10:34] {magoo} +.19
[10:34] {Threei}  1:1 for day traders
[10:34] {ese} ya whipped with chains
[10:34] {jfjf64} ty 3i
[10:34] {Threei}  welcome
[10:35] {ese} then whacked upside the head with a 2X4
[10:35] {Threei}  lol
[10:35] {ese} is what it feels like some days
[10:36] {Les} wow didn't get bid filled at .15. lucky I took .20
[10:37] {Threei}  US Interior Sec Salazar: Seeing the light at the end of the tunnel in regards to the Gulf of Mexico incident (related BP CAM HAL SPN CLH XOM CVX RDS.A MMR HOS )
[10:37] {Threei}  say thanks to salazar
[10:37] {ese} by the way.......i'm still L athr .99 from yesterday......
[10:37] {Les} just hope last damage isn't done to gulf sea bed
[10:37] {Les} lasting
[10:37] {nemo} it's toast
[10:38] {ese} would agree with nemos assesment there
[10:38] {Les} dunno what to believe. no factual reporting on it
[10:38] {ese} in europe you mean?
[10:38] {nemo} guarantee it's worse than you know
[10:39] {Les} suspicions are there cause they're keeping quiet, yeh
[10:39] {Les} vad wfc
[10:39] {Les} any read?
[10:39] {i2romantis} MLNX getting ready
[10:39] {i2romantis} i think
[10:40] {Les} I'd be happy to grab mlnx when there is big juicy rally
[10:40] {_wyousuf} NEM a good short candidate??
[10:40] {Threei}  WDC, no idea
[10:41] {Threei}  NEM, I don't see any setup on a short side on it
[10:41] {Threei}  nor on a long one
[10:41] {_wyousuf} ok
[10:41] {Threei}  Les... don't view MLNX as long cnadidate on market rally
[10:41] {Threei}  it's in its own world
[10:42] {Les} ok
[10:42] {nemo} fcx not moving with this spike
[10:44] {Threei}  FCX Standpoint Research Cuts FCX to Hold from Buy
[10:44] {jfjf64} 3i  lvs
[10:44] {jfjf64} break
[10:44] {Threei}  which way?
[10:44] {jfjf64} up
[10:44] {jfjf64} .05
[10:45] {Threei}  well, with srtop under 25
[10:45] {jfjf64} y
[10:45] {Threei}  with this kind of stop I can take any play, lol
[10:45] {i2romantis} 10:45 low of the day on MLNX?
[10:45] {jfjf64} 5000 bugerrs 4 me
[10:45] {jfjf64} lol
[10:46] {i2romantis} +23 on MLNX
[10:47] {Threei}  you took breakdown?
[10:47] {Les} UNP .40 b/d?
[10:47] {i2romantis} yes
[10:47] {Threei}  :)
[10:47] {i2romantis} it dropped and my finger just automatically pressed
[10:48] {magoo} CAT conference call 11 am
[10:48] {Threei}  no idea les, too volatile for precise read
[10:48] {i2romantis} math is not good though, +17
[10:48] {Threei}  hey, your math is still better than my spelling
[10:48] {i2romantis} lol
[10:49] {Threei}  I mean , you're mas iz stil beter then mine spelink
[10:49] {nemo} that's impressive
[10:49] {i2romantis} itching for MLNX if stays above .20
[10:49] {Threei}  yup, ladies usually faint when I speak like this
[10:50] {i2romantis} i'd like to see that one
[10:50] {nemo} you use mouthwash?
[10:50] {i2romantis} lol
[10:50] {nemo} that might actually be the issue
[10:50] {Les} you're a nasty piece of work
[10:50] {nemo} You have no idea
[10:51] {ese} reiterating my quote from yesterday re athr.........eeeeeeeeyeowwwwwwwzaaaaaaaaa
[10:51] {Les} HAL read vad?
[10:51] {Les} crikey ese, how many shares?
[10:51] {ese} 4k
[10:51] {Les} nice
[10:52] {ese} sltop is now in at .45
[10:52] {Threei}  none on HAL
[10:52] {Les} k
[10:52] {nemo} rimm
[10:52] {ese} sorry vad not here....been concentrating athr
[10:53] {Threei}  market starts looking like another day of slow creep up
[10:53] {nemo} ehh lotta' resistance overhead
[10:55] {i2romantis} MLNX support and low volume? I feel like I'm shouting
[10:55] {nemo} looks like maybe a pullback here on spy
[10:55] {shorty} good morning
[10:56] {Threei}  shorty :)
[10:56] {Les} someone slap shorty
[10:56] {nemo} short stuff ;)
[10:56] {Les} with an alarmclock
[10:56] {Threei}  I don't see MLNX as long here, i2r
[10:56] {i2romantis} k
[10:57] {shorty} I had my yearly physical this morning.....I am as fit as an 18 year old my Dr said.
[10:57] {nemo} think we test 110 today easy got a triple top at 110.04 since the 14th
[10:57] {Threei}  that's impressive for 15 years old
[10:58] {Les} a yearly physical? I'm too afraid to do one of them
[10:58] {nemo} is that an 18 year old playing video games morning, noon, and night?
[10:58] {nemo} At my age, every time I go for a physical, they want to violate me
[10:58] {Les} or sitting in front of the market 6 hours a day...
[10:58] {shorty} lol.........possibly a dead one nemo
[10:59] {i2romantis} lol
[10:59] {Les} vad BHI 49 b/d with some consolidation?
[11:01] {Threei}  50/50
[11:03] {magoo} news RIG vads?
[11:04] {i2romantis} short AAPL .90 extremely small
[11:04] {shorty} Threei....they shot that beaver.....
[11:04] {ese} stopped 1/2 athr .45 +.46 on 2k
[11:05] {Les} leave it to beaver
[11:07] {dino} itri sm l .25
[11:09] {Les} what news ITRI dino
[11:09] {nemo} croaked tht one dino
[11:10] {dino} price target lowered, but to outperform ratig, go figure
[11:11] {ese} hell....does the human race get any stupider!!!!
[11:11] {Threei}  nothing mags, the only thing that may influence it is hurricane updates...
[11:11] {dino} afrad so
[11:11] {dino} afraid
[11:11] {Threei}  CFTC: to publish more details of futures reports from larger traders like hedge funds and pension funds
[11:11] {Threei}  - Part of intiative on greater transparency.
[11:11] {Threei}  - Reports will show open interest held by dealers, asset managers, and funds.
[11:12] {Les} lvs lost MA and vwap support. indexes testing support.
[11:12] {ese} what moron is walkin around a park "IN CANADA!!!!!!! with a flippin gun for christ sake
[11:12] {Threei}  oops
[11:12] {Les} an american
[11:13] {dino} out itri .78, +1.53
[11:13] {shorty} redneck alberta ese.......idiots.
[11:13] {Les} nice
[11:13] {dino} thx
[11:13] {ese} no kidding ehhhhh
[11:14] {Threei}  come on.. for some of us machine gun attached to the belt is just normal daily accessory... like a purse for ladies
[11:14] {Les} canada less civilised than I thought
[11:14] {Threei}  and camouflage painting on the face like lipstick
[11:14] {Les} or is it just Vad's part of the world
[11:14] {ese} definately les
[11:14] {nemo} oohhh,,,nah....I'll leave that alone
[11:15] {ese} and possibly stupider
[11:15] {ese} ya but that machine gun is filled with vodka
[11:16] {Les} you mean the criminal wielding the gun...
[11:16] {dino} wow what a bounce itri
[11:17] {nemo} looks like getting capitulation right now
[11:18] {Les} lvs .92 b/d?
[11:18] {nemo} absorbe that volume and kept going
[11:20] {Threei}  I doubt it les
[11:21] {Les} k
[11:22] {Threei}  you guys see market totally frozen at this line of consolidation?
[11:22] {Threei}  any trade here is a surefire recipe for whipsaw
[11:22] {Threei}  it's anyone's guess which way it breaks when it does
[11:23] {Les} yeh thought consolidation was breaking and then it jumps back opposite to fool me
[11:23] {Les} anyone seen inception yet?
[11:23] {Threei}  it's exactly what this kind of market does
[11:23] {Threei}  fakes breakout, shakes you out
[11:24] {jfjf64} 110  spy   wake  me  when  we  get  there
[11:24] {Threei}  fakes breakdown, shakes you out
[11:24] {Threei}  then when you are all rinsed out, you breaks for real - and you are out of will to do anything
[11:25] {Threei}  you breaks = it breaks
[11:25] {Threei}  sigh
[11:25] {Threei}  anyone who can figure out what language I actually speak will get a prize to be determined yet
[11:25] {jfjf64} hmm lesson  of  day
[11:25] {nemo} anthropologists haven't figured it out yet
[11:26] {nemo} they have to be sure you're human first
[11:27] {swil} maybe some news will add energy.  where is ben when needed
[11:27] {Threei}  lol, no kidding
[11:28] {Threei}  and nemo... I don';t know what puzzles them so much about that, I sure am not
[11:29] {jfjf64} march is on  nemo
[11:29] {jfjf64} 110
[11:32] {Threei}  you guys know who's on TV, right?
[11:32] {strider} Andy Schleck
[11:33] {Threei}  wait you all just a minute!!
[11:33] {Threei}  look what just crossed the wire:
[11:33] {Threei}  ESE UPDATE: Stephens Raised ESE to Overweight from Equal Weight
[11:33] {Les} i've run out of names
[11:33] {Threei}  what's going on here?
[11:33] {strider} too many cheeseburgers.
[11:33] {Threei}  we get news on MAGS, and magoo never shares inside information with us
[11:34] {Threei}  now it's ese
[11:34] {Threei}  and we find out about his health issues from media
[11:34] {i2romantis} lol
[11:35] {Threei}  whatever... since you all are so secretive, I am switching to reading what Nancy Pelosi got to say
[11:35] {Threei}  US House Speaker Pelosi: The extension of unemployment benefits will be passed later today; will not renew high end tax cuts from Bush administration following expiration at year end (related TLT SHY IEF EUR/USD USD/JPY )
[11:35] {larisa} did you see this ?
[11:35] {larisa} Evolution of the VAD
[11:35] {larisa} Last Updated on Wednesday, 02 September 2009 23:20
[11:35] {larisa} Written by Robert Lennox
[11:36] {Threei}  what evolution
[11:36] {larisa} so you are in there too :)
[11:36] {larisa} have no idea
[11:36] {Threei}  if anything, that should be devolution
[11:36] {Threei}  opposed thumb is about the only thing that I still have in common with humans
[11:38] {Threei}  take a look how LVS staged breakout chart
[11:38] {Threei}  and triggered
[11:38] {Threei}  only to drop down right away
[11:39] {jfjf64} chart  looks  real  heavy to  me
[11:40] {strider} V interesting
[11:40] {Les} yeh wfc and lvs both holding up. where's the break....
[11:41] {jfjf64} coming  les
[11:41] {jfjf64} patient
[11:42] {dino} got rid of itri about 3 bucks too soon
[11:44] {nemo} scalped tna .50 to .61
[11:44] {nemo} too many chicken feathers
[11:44] {Les} vad wfc not frikin around trigger breaks like lvs. 27 b/d?
[11:45] {jfjf64} .91  break s  lvs
[11:45] {Threei}  could be
[11:45] {jfjf64} tight stop
[11:46] {jfjf64} 200 ma  holdin it
[11:47] {jfjf64} 1/1
[11:47] {jfjf64} half out
[11:47] {jfjf64} stop b/e
[11:48] {nemo} amzn similar charat to lvs
[11:48] {nemo} chart
[11:49] {jfjf64} comon lvs DIE
[11:50] {nemo} market heading north
[11:51] {jfjf64} she has mind of her own  today
[11:51] {ese} .
[11:52] {jfjf64} 1/4 out
[11:53] {jfjf64} stop .85
[11:53] {jfjf64} last
[11:53] {Les} nice one jf
[11:53] {jfjf64} ty
[11:54] {jfjf64} thought ya with me
[11:54] {Les} chose wfc
[11:54] {Les} but no joy
[11:54] {Les} lvs moving better
[11:58] {nemo} mebbee DB forming on spy
[12:01] {Les} stopped - .07
[12:01] {Les} playing games
[12:15] {nemo} miss me Les?
[12:15] {Threei}  yeah, he swang aimlessly while you were out
[12:15] {nemo} left something on his front step
[12:17] {dino} sxci?
[12:18] {strider} no news here.
[12:18] {nemo} wow...I've got a trend line round 61.80
[12:18] {Threei}  no news
[12:19] {dino} none here either
[12:19] {dino} down 10 pts in 5 days
[12:19] {Les} someone wants out
[12:20] {dino} i'm thinking of getting in
[12:20] {nemo} nice small float
[12:20] {nemo} or volume
[12:20] {nemo} xcuse me
[12:21] {nemo} algo's having a field day right now
[12:24] {dino} missed it
[12:25] {Les} looking at .14 entry, but I don't need the punishment right now
[12:26] {Les} nice bounce
[12:26] {dino} sm l .52 sxci risky
[12:27] {nemo} stop?
[12:27] {nemo} lod?
[12:27] {dino} .19
[12:33] {magoo} we in anything vad? was preoccuppied there for 1/2 hour
[12:33] {Threei}  not I
[12:33] {Threei}  well... in coma
[12:34] {dino} stopped
[12:46] {swil} I'm under investigation.    I shot that beaver.  Damm thing
[12:47] {Threei}  blame me
[12:48] {swil} I think theirs plenty of blame to go around
[12:48] {Threei}  sure but i am convenient
[12:49] {Threei}  when talk to authorities I tend to nod listlessly
[12:49] {Les} same when you talk to us
[12:49] {Threei}  hmmm
[12:49] {Threei}  true
[12:50] {Threei}  see... I am convenient all around
[12:50] {swil} lol
[12:50] {Threei}  you killed darn beaver? - nod. You stole that money? - nod. Will you marry me? - nod
[12:51] {swil} lol
[12:51] {Threei}  crap... I jusr realized, that's how I suddenly found myself married some 27 tears ago...
[12:52] {Threei}  years too
[12:52] {Threei}  lol, freudian slip
[12:53] {shorty} lol.....
06[12:54] * Threei orders collar supporting the chin to prevent any further nodding resulting in disastrous life turns
[12:54] {i2romantis} *tears lol
[12:55] {i2romantis} talk about consistency, 1 for every year
[12:56] {Threei}  that's how we men cry
[12:56] {Threei}  Shirley Sherrod Calls President Obama
[12:56] {Threei}  mama mia...
[12:57] {Threei}  country is occupied by this crap for days
[12:57] {magoo} whos she?
[12:57] {Threei}  USDA racail controversy story
[12:58] {Threei}  if you haven't heard any of that, you haven't missed anything critically important
[12:58] {Les} i found it amusing. shock jocks cut n paste her speech and obama fires here quicker than you can say African American
[12:59] {dino} lol
[12:59] {Les} everyone screwed by this 20 second sound bite culture
[13:00] {dino} last try sxci sm l .80
[13:00] {magoo} 4 all the good technology does, it does just as much damage too
[13:01] {swil} lets make some money with it
[13:02] {magoo} what u have in mind
[13:03] {swil} just frustrated
[13:04] {magoo} been extremely difficult mkt lately, u are not alone
[13:04] {nemo} summertime swil
[13:04] {nemo} why don't you go swil some beer
[13:04] {Les} hehehe not bad
[13:04] {nemo} I screwed up, Les complimented me...kinda'
[13:05] {swil} right. Im new to this.  I'll have a swil
[13:05] {dino} lol
[13:05] {nemo} I'd be drinking wine if....wait a minute
[13:05] {magoo} thats swell swil :)
[13:05] {swil} here to us all
[13:06] {swil} heres
[13:06] {dino} sxci to .45
[13:06] {Les} where are you swil? your host domain isn't identified?
[13:07] {Les} without the question mark
[13:07] {dino} he's here
[13:07] {nemo} IH&S on TZA
[13:07] {swil} victoria.  I have a camera on Vad
[13:07] {nemo} or DT
[13:07] {Les} cool
[13:08] {swil} thanks
[13:08] {Threei}  hey, we had 3 or 4 winning trades today and no stops... what's with all the frustration
[13:08] {nemo} Magoo II
[13:08] {Threei}  magoo si not a valid indicator
[13:09] {swil} I'm waiting on transfer for me.  only observing and making troble
[13:09] {Threei}  magoo may have 100 winning trades a day and strrill be frustrated he didn't get 101st one
[13:09] {dino} he's a frustrated old man
[13:09] {Threei}  lol
[13:09] {Threei}  I can identify
[13:09] {swil} tell me about it
[13:10] {magoo} im just greedy, the rocky horse winner
[13:10] {Threei}  CNN considers it crucial to let us know, that conversation between president and Sherrod continued about 7 minutes
[13:11] {magoo} "there must be more money...there mus be more money..."
[13:11] {dino} stopped sxci,.45, +.65
[13:11] {Threei}  as far as I am concerned, that 7 minutes of taxpayer funded time wasted
[13:11] {Threei}  that's
[13:11] {swil} you are worthy magoo
[13:12] {Threei}  magoo is not just worthy... magoo is priceless...
[13:12] {nemo} I think you're lucky if you get 7 useful minutes of taxpayer time a day
[13:12] {Threei}  just ask those shareholders of MAGS
[13:13] {Threei}  MAGS Board Responds to Letter Received From Dissident Shareholders
[13:13] {Threei}  US Senator Reid has reportedly introduced a scaled back climate energy bill
[13:13] {magoo} [13:12] {nemo} I think you're lucky if you get 7 useful minutes of taxpayer time a day
[13:13] {magoo} [13:12] {&Three
[13:13] {magoo} good one
[13:14] {Threei}  Save Sherrod's job - check. Save the planet - check.
[13:14] {Threei}  another day in the office
[13:15] {Threei}  - Note: Earlier Senator Kerry noted that there would be some diffulty in passing the climate bill, with reports yesterday that the Senate was considering scrapping the Energy bill
[13:15] {Threei}  - Reminder: on 7/13, it was reported that a Senate draft bill sponsored by Kerry and Lieberman would be introduced targeting utilities companies, mandating CO2 emission reductions starting in 2013. Was expected to call for 17% reductions by 2020, but avoiding broader industry CO2 controls as a comprise to advance the legislation.
[13:27] {Threei}  MLNX slowly slides into abyss
[13:27] {nemo} in ta .05
[13:27] {nemo} tza
[13:27] {nemo} half out .11
[13:27] {nemo} 1/4 more .17
[13:28] {nemo} stop was .00
[13:28] {nemo} big offer .18
[13:29] {nemo} out .25
[13:30] {nemo} fcx moving against market
[13:31] {Threei}  (US) US House Democrats exploring shelving some aspects of the oil legislation - WSJ (related USO UNG OIH )
[13:32] {Threei}  oil legislation?
[13:32] {strider} V
[13:39] {magoo} i have to attend to some issues, so see u tomorrow, im up and wana keep it
[13:39] {Threei}  take care mags, we will keep an eye on those diccident shareholders for you
[13:40] {Threei}  or they are exactly the issue you need to "attend"?
[13:40] {Threei}  if so, let us know ewhen the funerals take place
[13:41] {magoo} lol
06[13:54] * Threei puts a layer of packing materials on the desk, lest he breaks the keyboard with his chin
[14:00] {dino} mos
[14:02] {Threei}  (US) US House of Reps approves unemployment benefits extension
[14:03] {strider} itri
[14:05] {laserdave} laserdave hits threei with magoo
[14:06] {nemo} that's creative
[14:06] {Les} ?
[14:06] {Threei}  weak... weak
[14:06] {laserdave} :)
06[14:06] * Threei slaps laserdave around a bit with a large bottle of pills helping with inventiveness
[14:06] {laserdave} i agree with nemo i think that was quite creative
06[14:07] * Threei slaps laserdave around a bit with a large cardboard cutout of magoo
06[14:07] * strider slaps Threei around a bit with a large cardboard cutout of magoo, on behalf of laserdave.
[14:07] {Les} damn it vad you gotta show me how to create my own slap posts
[14:07] {Threei}  hmmm
[14:07] {laserdave} hey were all one big slappy family
[14:07] {nemo} oh gawd
[14:07] {Les} lol
[14:08] {i2romantis} LVS broke out
06[14:08] * Threei removes himself from this slap-happy community
06[14:08] * i2romantis slaps i2romantis around a bit with a large trout
[14:08] {laserdave} market just had a spike
[14:09] {i2romantis} have to figure out the slapping
[14:09] {Les} c'mon vad I've opened Mirc to learn the secret
[14:09] {strider} no way, les.
[14:09] {laserdave} well i mean if you cant slap yourself why slap anyone else
[14:09] {i2romantis} lol
[14:09] {Threei}  lol
06[14:09] * Les slaps laserdave around a bit with a large trout
[14:10] {Les} no
[14:10] {Threei}  you neerd a custom-made script les
[14:10] {Les} slapping others is more fun
[14:10] {Threei}  genric mirc has trout only
[14:10] {strider} Over here we have licenses to carry concealed trout.   You got zip.
[14:11] {nemo} extra fees Les
[14:11] {nemo} anybody like mos short .49?
[14:11] {Les} I found the script editor
[14:12] {laserdave} thanks les
[14:12] {laserdave} did u tell him to do that vad?
[14:13] {Les} hahaha I'm vad's lackey
[14:13] {nemo} I'm sure Vad won't admit to it
[14:14] {laserdave} market still strong here
[14:14] {Les} now vad, how do I use the script editor to create a new slap?
[14:14] {nemo} should test the triple top around 110
[14:15] {i2romantis} MLNX picking up
[14:15] {i2romantis} moving towards .30 I bet
[14:16] {i2romantis} although that's what I think, and not what I see, yet :)
[14:16] {Les} .10 is last MA resistance on 1 min. chart
[14:16] {Les} vwap is .44 next resistance if it breaks
06[14:17] * Les slaps Les around a bit with a large trout
[14:17] {Les} goddamn it will no one tell me how to custom slap?
06[14:17] * nemo slaps Les around a bit with a large matterhorn
[14:17] {lasertrev} slap yourself in private please
[14:17] {nemo} nice one
[14:17] {Les} lol
[14:18] {nemo} poor trev is corrupted
[14:18] {Threei}  sorry Les, no idea
[14:19] {Threei}  I know how to use script but I am not the one who designed it
[14:20] {nemo} how's the monkey Les?
[14:22] {Threei}  GE) Landesbank Hessen-Thueringen has reportedly passed the European stress tests - unconfirmed report
[14:22] {Threei}  - Note: Of the German banks, Hypo real estate thus far has been rumored to have failed and to need 2B in assistance
[14:23] {Les} nice call MOS
[14:23] {shorty} See you guys tomorrow.
[14:23] {Threei}  take care shorty'
[14:23] {Les} ciao shortster
[14:24] {shorty} :)
[14:27] {swil} did lvs do a jbe
[14:28] {nemo} no retracement to a trend
[14:28] {swil} ah
[14:28] {Threei}  yes swill, prior the break at 14:02 EST time
[14:28] {Threei}  after that it did what nemo said
[14:29] {nemo} Oh, I see that now  look at 5 minute swil
[14:29] {Threei}  nice clean JBE type consolidatiopn under 25.20,
[14:29] {Threei}  then break,
[14:29] {Threei}  then retracement to new support/old resistance
[14:29] {Threei}  aan bounce off of it
[14:30] {swil} i;ll have a look. takes me a minute
[14:33] {swil} gotch ya.  thank you
[14:33] {Threei}  that's good time... takes me half hour to decode message of similar lenght... might be language barrier, although some say it's permanent comatose state
[14:34] {nemo} vodka pickle parts of your neural system
[14:34] {nemo} pickled
[14:34] {Threei}  I prefer to call it "relaxed leisured take on life"
[14:34] {nemo} yeah...marinating ice cubes
[14:35] {Les} they call that dementia in medical circles
[14:35] {Les} although I've pickled my brain enough for one evening. sheesh boring
[14:37] {swil} for myself, inoticed that when I felt it was impossible for the market to move, then it did
[14:38] {Threei}  that's how it usually works
[14:38] {Threei}  path of the least resistance is the path of max pain
[14:39] {swil} I'll feel about that
[14:41] {nemo} ?
[14:41] {swil} I am told not to think
[14:41] {nemo} married, huh?
[14:42] {swil} lol
[14:43] {i2romantis} everyone's so mean to vad, no wonder he has to drink a lot of vodka :)
[14:43] {nemo} Vad it's raining...he drinks vodka
[14:43] {nemo} Vad it's sunny...he drinks vodka
[14:44] {nemo} Vad, it's foggy...he drinks vodka
[14:44] {nemo} please
[14:44] {i2romantis} :)
[14:44] {swil} bottoms up
[14:44] {Threei}  oh, an I am crying bitterly inbetween the shots
[14:44] {nemo} tears add flavor
[14:44] {swil} slap me
[14:45] {Les} funny I've become a drunkard since getting married
[14:46] {Les} was a gym junkie prior to getting hitched
[14:46] {nemo} next, the Polizei will be busting you for kiddie porn
[14:47] {nemo} sorry frickin' bored
[14:48] {Les} nah. all the young au pairs hired by local families keep me legal
[14:48] {nemo} that's cool
[14:48] {nemo} forgot about that
[14:48] {Les} can't remember name in english for girls that stay with families
[14:48] {Les} for helping out with kids
[14:48] {nemo} use that also
[14:49] {nemo} nanny
[14:49] {Les} yeh lots of 16 year old swiss germans keep me in the garden during the day
[14:50] {dino} nflx lod
[14:50] {Les} so dino, what sign you want to see before going long nflx
[14:51] {Les} double bounce .50?
[14:51] {nemo} don't know why, have trend in around 104.10
06[14:54] * Les slaps nemo with a new secret power
[14:54] {nemo} Vad?
[14:54] {Les} yesssssssss
[14:55] {nemo} don't let your fingers write a check your body can't cash...
[14:56] {nemo} mmmmmmhhhh....doesn't quite work
[14:56] {Threei}  ?
06[14:56] * Les slap Vad with a big concrete ?
[14:57] {nemo} nflx bounce here
[14:57] {nemo} ?
[14:57] {Threei}  not yet IMO
[14:57] {Threei}  final panic is coming
[14:58] {nemo} next stop I have is 101.80
[14:58] {nemo} nnahhh, looks like it might hold
[14:58] {Threei}  that was quick dive
[14:58] {Threei}  lol
[14:58] {Threei}  you askedf when it was 10.10
[14:58] {Threei}  it dropped 30 more cents after I said not yuet
[14:59] {Threei}  104.10
[14:59] {nemo} yeah, but it only dropped through for less than a minute
[14:59] {nemo} jeez
[14:59] {Threei}  oh yes... "quickly picked up is not considered dropped"
[15:03] {ese} .
[15:04] {nemo} yeah, scalped it on the short side under .90-.68
[15:05] {swil} I need to go to pick my better half.  Thanks.  Might call in tomarrow.  good one nemo
[15:05] {dino} take care swill
[15:05] {Les} ciao swil
[15:05] {nemo} frickin' spread almost got me
[15:05] {swil} have a good one
[15:06] {swil} thanks vad
[15:06] {Threei}  TAKE CARE SWIL
[15:06] {Threei}  oops
[15:06] {swil} k
[15:11] {ese} out in full last little bit of athr .10 +.11 on 2k.........good enough
[15:12] {Threei}  wtg
[15:12] {Threei}  NFLX panic coming
[15:13] {dino} nice
[15:13] {dino} 100 coming?
[15:13] {nemo} next rend line I have 101.70 ish
[15:15] {Threei}  100 is probably a bit extreme...
[15:16] {dino} now why do you have to say it like that
[15:16] {Threei}  just a gut feel
[15:16] {dino} :P
[15:16] {dino} lol
[15:23] {nemo} maybe
[15:23] {nemo} my trend line is .74
[15:24] {strider} hah! missed it again.
[15:24] {nemo} yeah, no kiddin'
[15:24] {nemo} frickin .01'
[15:24] {nemo} couldn't hit the broad side of a barn
[15:24] {nemo} well, let's see if it holds
[15:26] {nemo} do I get credit for that, Vad!
[15:26] {Les} nice call man. one of these years I'll listen to ya
[15:27] {nemo} that's a scary stock
[15:27] {Threei}  I dunno what's so precious about miss the bottom by whole cent...
[15:27] {Threei}  come on... can't you do better?
[15:27] {Les} heh
[15:27] {nemo} voice is getting horse, this happens...I lose it for weeks at a time
[15:28] {Threei}  horse?
[15:28] {dino} why the long face?
[15:28] {Threei}  lol
[15:28] {nemo} yeah, rough and scratchy, can barely talk
[15:28] {Les} probably for the best
[15:28] {Threei}  ah coarse
[15:29] {nemo} maybe hoarse
[15:29] {nemo} synonim and all
[15:29] {nemo} and awl
[15:29] {Threei}  ok
[15:29] {Threei}  hoarse it is
[15:31] {nemo} market doesn't want to break that resistance yet...
[15:33] {Threei}  nor support
[15:33] {Threei}  could be one of those cases where initial spike ends up with market locked for the day
[15:33] {nemo} yeah, but that 110.05 area is a biggie
[15:36] {Les} trades are working agin
[15:36] {Les} lvs wfc
[15:36] {nemo} gotta' go see yuz later
[15:36] {Les} ciao
[15:36] {lasertrev} bye nemo
[15:37] {nemo} by trev
[15:37] {i2romantis} nice sell off
[15:37] {Threei}  take care nemo
[15:37] {nemo} take it anyway I can get it Vad
[15:38] {Threei}  no news for this break
[15:40] {Threei}  DELL Dell to pay $100M to settle accounting charges, CEO Michael Dell to pay $4M to settle with the SEC - WSJ (13.42, +0.35, 2.68%)
[15:43] {strider} see y'all tomorrow.   Have a good evening. :)
[15:43] {Les} ciao st
[15:43] {Threei}  take care strider
[15:44] {lasertrev} later strider
[15:44] {strider} :)
[15:52] {Threei}  GS SEC inspector general broadening investigation into timing of SEC's settlement with Goldman Sachs - CNBC
[15:52] {Threei}  Centers around complaints about the political motivations around the settlement
[15:54] {Threei}  so, whio was moved by political motivations in settlement?
[15:54] {Threei}  SEC that is supposed to be non-political organization?
[15:54] {Threei}  heh
[15:55] {Les} sounds like the USDA story with different script
[15:55] {Threei}  this administration is complete mess
[15:56] {Les} certainly likes making messes
[15:59] {Les} ok. night all
[15:59] {Threei}  thank you all
[15:59] {Threei}  have a good evening, see you tomorrow
[16:00] {larisa} bye :)