Tuesday, August 24, 2010

Apr 24 2010

A bit better day, some trades were actually nice... yawn.

Session Time: Tue Aug 24 00:00:00 2010
[08:07] {nemo} hey strider
[08:07] {nemo} jf
[08:07] {strider} morning
[08:07] {nemo} raven
[08:08] {nemo} nemo
[08:08] {nemo} oy
[08:08] {strider} no joy in 'oy'
[08:08] {nemo} nope
[08:14] {Raven} {}
[08:14] {strider} a pigeon-toed raven.
[08:15] {Raven} {--- {---
[08:15] {strider} need front-end alignment.
[08:16] {Raven} sigh
[08:16] {strider} and anti-depressant.
[08:16] {Raven} double sigh
[08:18] {strider} well, each of us have our burdens to carry.
[08:19] {Raven} jeeze ... try to remain calm
[08:20] {strider} {-----fighting off existential angst.
[08:21] {strider} which is better than essential angst, I suppose.
[08:21] {strider} thank goodness for small favors.
[08:21] {Raven} {------ searching for dictionary
[08:22] {nemo} he's gonna' go Nietsche on us
[08:22] {strider} Kierkegaard
[08:23] {Raven} {--- dusting off old dry books
[08:23] {nemo} alright...works for me...no Hemlock around you?
[08:25] {strider} Nietzsche would have just bitten the poor bird's head off.
[08:26] {nemo} and of course, Descartes wouldn't know that it felt pain
[08:27] {Raven} {----- needs more tea ... this is getting strange
[08:27] {strider} Well, Ryle would have.
[08:28] {strider} market in dbi.
[08:28] {nemo} on another note, this is starting to feel like fall of 2008
[08:28] {nemo} or just plain "i"
[08:28] {strider} wasn't around then.
[08:29] {Raven} feels like 1973 to me
[08:29] {nemo} yeah, couple of days you wake up and find the market has hit limit down before it opens
[08:29] {strider} school's are starting back....traders should be returning this week...or next at the latest.
[08:29] {strider} schools
[08:33] {nemo} oohhh boy, spy right at the edge of heading to test the July lows
[08:34] {Threei}  (US) Goldman Sachs Chief US Economist Hatzius: Sees real US GDP +1.5% in the second half of 2010 and early 2011
[08:34] {Threei}  - Over the last few months, the US economic indicators have shown a broad-based slowdown.
[08:34] {Threei}  - If our GDP view is correct, substantial further downward revisions are coming.
[08:34] {Threei}  - Believes odds of US economy returning to technical recession are low, sees 25-30% risk of this outcome.
[08:34] {Threei}  - We find forecasts that do not look for GDP growth well below trend quite implausible.
[08:51] {dino} gm all
[08:51] {Threei}  dino :)
[08:53] {dino} feels like june, early july to me, seems we are stuck in range, 1020-1129
[08:54] {dino} 30 down vs 70 up
[09:01] {Les} morning
[09:02] {Les} gap down day. difficult to ignore
[09:02] {Threei}  les :)
[09:06] {Threei}  (US) Fed Evans: Risk of double-dip recession higher than a few months ago - Q
[09:17] {dino} gm all
[09:18] {Threei}  hmm
[09:18] {Threei}  ok
[09:18] {Threei}  dino :)
[09:18] {nemo} what hit
[09:18] {dino} operating off a netbook for this room,router issues
[09:20] {dino} tiny keyboard
[09:26] {jfjf64} mornin all
[09:26] {jfjf64} new day
[09:27] {Threei}  jf :)
[09:30] {strider} wppgy
[09:32] {Threei} Short Setup: LVS  .15 break
[09:33] {nemo} gone
[09:33] {nemo} nice call
[09:33] {Threei}  anyone got it, feel free to cover
[09:33] {jfjf64} missed
[09:33] {jfjf64} im  going  bk  to  bed
[09:34] {nemo} wuss
[09:34] {Threei} Long Setup:  BP  35 break
[09:35] {ese} morning
[09:35] {Threei}  ese :)
[09:38] {Threei}  invalidated
[09:39] {dino} one more market drop
[09:40] {Threei}  watching CAT for double bottom
[09:40] {nemo} spy might test premarket low of .63 here
[09:40] {Threei}  (US) Preview:Aug Richmond Fed Manufacturing Index due out at 10:00ET
[09:40] {Threei}  (US) Preview: July Existing Home Sales due out at 10:00ET
[09:43] {dino} esi
[09:44] {Les} nice gap to fill esi
[09:44] {dino} l kirk .25
[09:45] {shorty} gm
[09:45] {Threei}  shorty :)
[09:45] {magoo} gm
[09:45] {Threei}  mgs :)
[09:46] {Threei} Short Setup: CAT  .80 break half lot
[09:46] {jfjf64} stop  ??
[09:48] {Threei}  65 resistance
[09:48] {Threei}  that's why half lot
[09:50] {Threei} Short Setup: LVS  .80 break
[09:50] {Threei}  if stays under .90
[09:51] {Les} djia lower low
[09:55] {dino} out kirk flat
[09:56] {Threei}  CAT's not selling
[09:56] {Les} .80 pivot support
[09:56] {Threei}  LVS 1:1
[09:56] {dino} # in 4
[09:57] {Threei}  two sets
[09:57] {jfjf64} that felt  good  lvs
[09:57] {jfjf64} ty
[09:57] {dino} veco mrvl strong
[09:57] {dino} v too
[09:58] {dino} mmyt
[09:58] {jfjf64} cat  waitin  on####
[09:59] {jfjf64} long  short   question
[09:59] {dino} long
[09:59] {dino} leaked
[10:00] {jfjf64} middle rangwe
[10:00] {jfjf64} boom
[10:00] {jfjf64} bam
[10:00] {Threei}  *(US) JULY EXISTING HOME SALES: 3.83M V 4.65ME
[10:00] {Les} frickin hell
[10:00] {jfjf64} fake out
[10:00] {jfjf64} bad
[10:00] {Les} that shits me
[10:00] {jfjf64} yuk
[10:00] {dino} easy
[10:01] {Threei}  Prior revised lower from 5.37M to 5.26M
[10:01] {Threei}  - Median existing home price $182.6K v $183.7K prior
[10:01] {Threei}  - Total Months Supply: 12.5 months v 8.9 prior
[10:01] {Les}  least I got out 65
[10:01] {Threei}  so what's the propblem?
[10:01] {dino} supply # sucks
[10:01] {Les} thought i was getting out .17
[10:02] {Threei}  say thanks for decent broker then, and don't bring this level of emotions please
[10:03] {Threei}  this is not the mindset for trading
[10:03] {Les} ok
[10:04] {Threei}  DJIA drops below 10,000
[10:04] {dino} veco sm l .54
[10:04] {jfjf64} les  go  clean  up   wipe  yourself  pls
[10:04] {Les} lol
[10:04] {Les} piss off jf
[10:04] {jfjf64} whats  this  room  coming  too
[10:04] {dino} mrvl hl l .54
[10:04] {jfjf64} mrvl
[10:05] {dino} kirk l .17
[10:05] {jfjf64} in  .56
[10:05] {jfjf64} lets  go  dino
[10:05] {Threei}  anyone partialled LVS and took advantage of the drop on second half?
[10:05] {jfjf64} wish  3i
[10:05] {Threei}  never even went over .80
[10:05] {jfjf64} cat
[10:05] {strider} I'm still in last portion
[10:05] {Threei}  covered more into after numbers drop?
[10:06] {strider} y
[10:06] {Threei}  cool
[10:07] {Threei}  keep stop for the last piece above .70,
[10:07] {shorty} still without a platform, so never got in  :(
[10:07] {Threei}  alternatively, if have enough cushion, just leave it at original level
[10:07] {jfjf64} mrvl
[10:08] {jfjf64} wher  ya  stop  dino
[10:08] {dino} gj strider
[10:08] {dino} .39
[10:09] {strider} needs to break .50 soon
[10:10] {strider} ,60   it did
[10:10] {strider} that's enough.  out.
[10:11] {dino} pru sm l .95
[10:13] {strider} rimm
[10:14] {dino} lol cramer in panic, everything sucks mode...time to stsart adding
[10:14] {Les} he didn't say double down did he?
[10:15] {hawk} and by lunch time he'll be saying how he can't understand why everyone else is so bearish
[10:16] {strider} rimm hod
[10:16] {Threei}  RMBS Hearing takeover chatter circulating (18.28, -0.55, -2.92%)
[10:17] {Threei}  (EU) Rehn: No rush to fiscal consolidation in EU members
[10:18] {Les} ?
[10:18] {dino} sm l itri .04
[10:18] {dino} he's the ultimate contrary indicator, happy as a clam in early aug.
[10:18] {dino} rmbs weekly rumor
[10:18] {dino} hpq held well
[10:19] {Threei}  EUR/USD Euro recovers following poor US exisiting home data; Moves above 1.27 handle
[10:19] {jfjf64} bp
[10:20] {jfjf64} cs
[10:20] {jfjf64} ignore
[10:21] {dino} out veco .05, +.50
[10:23] {Threei} Long Setup:  FCX  .50 break half lot
[10:23] {Threei}  ugh
[10:23] {Threei}  late
[10:23] {Threei}  no chasing
[10:25] {Threei}  half out
[10:25] {Threei}  scalpers take progit
[10:25] {Threei}  or profit
[10:26] {dino} out pru .35, +.40
[10:27] {Les} u think MRVL going green dino?
[10:27] {nemo} fcx trendline would put stop at .60
[10:28] {dino} mrvl to flat
[10:29] {dino} dk les, depends on mkt
[10:29] {Les} q's rolling out mrvl +.03
[10:30] {dino} where you get in?
[10:30] {Les} .59
[10:33] {dino} out mrvl .73, +.19
[10:33] {ese} dino.....do you have an intelliscan that looks for double bottoms
[10:33] {dino} don't use intellivcan, cyber provides scanners for free
[10:34] {dino} tweak them to my personality
[10:34] {ese} tks
[10:34] {dino} but generally i follow 20 stocks, keep looking
[10:34] {nemo} time to get out fcx
[10:35] {Threei}  no one reported getting in, I don't even comment
[10:35] {nemo} hehehehe
[10:35] {dino} made the $100 walk by mistake on kirk vad
[10:35] {Threei}  I feel like the tree falling in the forest, ya know :)
[10:36] {dino} was laying at my feet but i wanted more
[10:36] {nemo} yes
[10:38] {Threei}  anyway, out balance FCX
[10:38] {Threei}  +.30
[10:39] {dino} gj
[10:39] {Threei}  ty
[10:39] {strider} rimm read, vad?
[10:40] {ese} nice trade fcx you all....sorry i missed that one
[10:40] {Threei}  no firm read RIMM
[10:41] {strider} nice support at .00
[10:41] {strider} or thereabouts.
[10:41] {komalg} dino,do you know cyber website for scanning?
[10:42] {dino} i am in streetsmartpro, powered by cyber. my trading account, has about 8 windows
[10:42] {komalg} I see.
[10:42] {Les} $gold rocketing
[10:42] {dino} the problem for most is they required min. 25k
[10:43] {dino} but laser out executes imo, magoo and i have had competitions on it
[10:43] {ese} whats that symbol les
[10:43] {Les} not symbol - gold
[10:44] {jfjf64} dino  im  on  cyber   do  you  use  arca
[10:44] {dino} gld
[10:44] {dino} smartex
[10:44] {jfjf64} haaa
[10:44] {jfjf64} nope
[10:44] {jfjf64} call them  up  tell them  ya  want  arca  asap
[10:45] {jfjf64} like  night  and  day
[10:45] {ese} ya got that les....but is there a smybol thats tracks it.....or just various companies
[10:45] {jfjf64} ya  fills  will be  instant
[10:45] {Les} oh sorry. like dino said gld
[10:45] {Les} GDX miners
[10:45] {dino} i will try, just click trade venue
[10:47] {jfjf64} 1st  call up  swarb   tell them  ya  want  to  be  routed  through  arca    takess lk  day  ya get  approved
[10:47] {ese} tks
[10:47] {jfjf64} its  lk  night  and day
[10:47] {jfjf64} then  ya  wd  go  in  in  mornin   click  arca   ect
[10:48] {jfjf64} funny  on  smartex   wait lk   5 10 sec  to  get  filled
[10:48] {jfjf64} they  shop it
[10:48] {dino} markets have stalled
[10:48] {dino} ok
[10:48] {hawk} Have any Laser users received the new paperwork for Bear yet?
[10:48] {jfjf64} mk  money  on  us
[10:49] {jfjf64} arca   instant
[10:49] {nemo} what's it say?
[10:49] {jfjf64} ya  think  ya  hv  new  trading  software   blew  me away
[10:50] {nemo} Hawk:what's it say?
[10:50] {hawk} was told that we have to fill out all new paperwork b4 the end of the month, i don't have it yet
[10:50] {nemo} oh, damn, I'm not even near home
[10:50] {dino} ctrp
[10:51] {strider} I haven't got anything from bear.
[10:51] {hawk} Dave told me yesterday, just wondered if anyone else heard.  Only U.S. based traders
[10:52] {strider} that's me
[10:52] {nemo} me too
[10:53] {Les} oh good. frikin hate paperwork
[10:54] {Les} dino does working with Schwab define your trading style?
[10:54] {Les} I remember they are a little more expensive than say laser
[10:54] {Les} or Bear, whichever it is
[10:56] {dino} no, i just like the charts, scanners, and late afterhours
[10:57] {dino} but enough on here. this is lasers' area
[10:57] {dino} ctrp hl l .65
[10:57] {Les} $vix up today
[10:57] {Les} what's vol. like vad?
[10:58] {Threei}  NYSE volume 265M shares, about 15% above its three-month average; decliners lead advancers by 5.9:1.
[10:58] {Threei}  - NASDAQ volume 495M shares, about 8% above its three-month average; decliners lead advancers by 4.6:1.
[10:58] {Threei}  - VIX index +10.3% to just above 27.00
[10:58] {strider} are traders coming back to work this week?
[10:58] {Threei}  started trickling in
[10:58] {dino} 09/07 imo
[10:58] {Threei}  with after Labor day as a full return to work
[11:01] {dino} pru sm l .10
[11:01] {Threei} Long Setup:  SLW  .05
[11:01] {Threei}  if stays above .95
[11:03] {dino} gap fill perhaps
[11:03] {nemo} that would be impressive
[11:03] {dino} out itri .45, +.41
[11:05] {Threei}  nice
[11:05] {nemo} mmhhh at pivot support and 50% retracement area on spy
[11:05] {dino} ty, my kind of open
[11:06] {Threei}  heck, certainly better than yest7erday's disaster of a day, lol
[11:06] {Threei}  or should I say, sorry excuse for a day
[11:10] {magoo} yea, yesterday no bounce whatsoever, steady drip down
[11:10] {magoo} today pretty decent bounce
[11:10] {Threei} Long Setup:  RIMM  .35 break
[11:12] {Threei}  half out
[11:13] {Threei}  scalpers be happy
[11:16] {Threei}  SLW invalidated'
[11:17] {Les} dino, what's yer stop on PRU?
[11:17] {dino} fdx gap fill
[11:17] {dino} fdx gap fill
[11:17] {dino} out ctrp .88, +.24
[11:17] {dino} opps .23
[11:21] {dino} fdx sm l .50
[11:21] {dino} lod
[11:21] {dino} small
[11:22] {ese} rats...just missed that with you dino
[11:22] {ese} nice
[11:23] {Threei}  EUR/CHF Cross hits fresh all-time lows below 1.3070
[11:24] {Les} lol the SNB is already defending its previous purchases of Euros
[11:24] {Les} there goes more of our taxpayer dollars
[11:24] {jfjf64} go dino
[11:25] {komalg} dino,what set up are you trading?
[11:26] {jfjf64} page  222  dino play  of day
[11:27] {jfjf64} boy  oh  boy  know  i have  2  gold fish  kissing  top  of  my  page    mibbit
[11:28] {jfjf64} what  happen
[11:28] {strider} MRVL  mags stock
[11:29] {Threei}  anyone traded RIMM?
[11:29] {komalg} yes
[11:29] {magoo} yup
[11:30] {strider} scalp only
[11:30] {dino} out fdx .94,
[11:30] {dino} =+.44
[11:31] {dino} all green
[11:32] {strider} LVS inverted c&h
[11:33] {dino} komag dk?
[11:35] {jfjf64} rimm
[11:35] {komalg} sorry to ask you but I don't understand dk
[11:36] {dino} don't know, i customized it
[11:37] {dino} 7 open windows
[11:42] {Threei}  quite impressive recovery so far
[11:43] {jfjf64} rimm short  vad
[11:43] {jfjf64} coming
[11:43] {strider} nah.  just breathing hard.
[11:50] {magoo} dino DCC
[11:52] {dino} out pru flat
[11:53] {Threei}  nice feel jf
[11:53] {Threei}  bounce time
[11:53] {jfjf64} .75
[11:55] {Threei}  unless loses .65
[11:58] {Threei}  Moldova police have reportedly seized 2 kg of uranium from trafficers
[11:58] {Threei}  - By way of comparison, Iran recently commented that it has produced around 20 kg of 20% enriched uranium
[12:11] {dino} ioc
[12:15] {nemo} wow rig
[12:27] {nemo} watching x
[12:28] {jfjf64} long
[12:28] {jfjf64} lvs
[12:28] {nemo} perhaps, it loses 95 .50 is next short
[12:28] {nemo} .95
[12:28] {jfjf64} follow
[12:35] {ese} what are your thought on X nemo.....got an entry point in mind
[12:35] {ese} it's on my radar also
[12:35] {nemo} here, but lunch has me a bit skittish
[12:35] {nemo} no surprise, volume isn't there
[12:35] {ese} at 44.........hmmmmm....not sure about lunch either
[12:36] {nemo} yeah, 44
[12:36] {nemo} although, breakout, might be good to see if can get it closer to .90
[12:37] {ese} yup
[12:40] {Threei}  Eighty-seven percent (87%) rate our neighbor to the north as a U.S. ally, while two percent (2%) view Canada as an enemy.
[12:40] {nemo} ?
[12:40] {Threei}  dunno, ask those 2%
[12:41] {nemo} ese, looks like we got old resistance new support, but it feels like pushing it
[12:41] {Threei}  number of numbnuts seems to be consistent:
[12:41] {Threei}  Great Britain, whose had a special relationship with America from the start, is seen as an ally by 85%, an enemy by two percent (2%)
[12:42] {ese} agreed
[12:43] {Threei}  in the event of an Israeli attack on Iran, two percent (2%) think America should help the Iranians.
[12:43] {Threei}  yup... consistent across the board
[12:43] {ese} what the f*&%.......what kind of stat is that
[12:43] {ese} that was a survey done at the pentagon per chance
[12:44] {Threei}  what seems to be out of order?
[12:44] {Threei}  too low % of idiots?
[12:44] {ese} the enemy part
[12:45] {ese} why even ask a stupid question like that
[12:45] {Threei}  shrug
[12:45] {dino} thats the terrorist 2% vote
[12:45] {Threei}  part of regular survey of public opinion on dosens of countries
[12:46] {dino} ioc sm l .50 risky
[12:47] {Threei}  here is full table: http://www.rasmussenreports.com/public_content/politics/toplines/pt_survey_toplines/august_2010/toplines_ally_enemy_august_20_23_2010
[12:51] {ese} well you know........now that i think about it........we've never really liked nemo have we......??????
[12:52] {Threei}  who i their right mind would
[12:52] {ese} yuk yuk yuk yuk
[12:52] {Threei}  PIMCO's Bill Gross releases Sept Investment Outlook: Mr. Gross Goes to Washington
[12:52] {Threei}  - Americans now know that housing prices dont always go up, and that they can in fact go down by 30-50% in a few short years. Having grown accustomed to a housing market aided and abetted by Uncle Sam, the habit cannot be broken by going cold turkey into the camp of private lending. Private mortgage lenders will demand extraordinary down payments, impeccable credit histories and significantly higher yields than what markets grew used to over the past several decades.
[12:52] {nemo} people that don't want to be on the list
[12:52] {jfjf64} whos nemo
[12:52] {Threei}  - Reiterates proposal to resolve Fannie Mae (FNMA) and Freddie Mac (FHLMC) and the evolution of housing finance in the United States. I proposed a solution that recognized the necessity, not the desirability, of using government involvement, which would take the form of rolling FNMA, FHLMC, and other housing agencies into one giant agency call it GNMA or the Government National Mortgage Association for lack of a more perfect acronym and guaranteeing a majority of existing and future originations. Taxpayers would be protected through tight regulation, adequate down payments, and an insurance fund bolstered by a 5075 basis point fee attached to each and every mortgage.
[12:53] {nemo} instinct was right so far on X...now DB or IC&H
[12:56] {dino} x sm l .00
[12:58] {nemo} well, guess dino's decided ;)
[12:58] {dino} lol, stop is .73
[12:58] {jfjf64} .73
[12:59] {dino} yes, sm=small=300
[13:00] {jfjf64} foloow
[13:03] {ese} it's upt in a solid double bottom on the 1 min chart
[13:03] {ese} X that is
[13:04] {ese} hmmmmm   ya i like that word....upta upt for short.......
[13:08] {ese} for instance....i upt some money in my account to pay my bills......
[13:09] {dino} oh boy
[13:09] {ese} i'm upting fertilizer on my lawn tomorrow.........ya.......word works for me
[13:11] {ese} L X .98 1/2
[13:11] {ese} make that .99
[13:14] {ese} .98999987 to be exact
[13:18] {ese} either this participates or i'm ut
[13:19] {ese} out.........hmmmmmmm  ut is good too
[13:19] {ese} spy kinda heading up......lets go X
[13:21] {dino} ctrp getting interesting
[13:22] {ese} will take a look
[13:28] {dino} ctrp l .75
[13:28] {ese} how bout participating now .....hmmmmmmmm
[13:30] {ese} add another 1/2 X  avg .00
[13:33] {jfjf64} x  pure   s
[13:33] {ese} you could be right
[13:33] {nemo} pure what?
[13:33] {ese} short
[13:33] {nemo} ahhhh
[13:34] {ese} X i need it do do something here or i'm gone even
[13:38] {ese} out x .98 -.01
[13:40] {dino} things dead
[13:40] {nemo} things or thing's
[13:40] {ese} yup
[13:41] {dino} both:D
[13:42] {dino} stop x .90 -.10
[13:45] {ese} glad i'm out.......mrkt tanking
[13:45] {ese} must be running stops in the pits or something
[13:46] {ese} were just below the low of the day in the apy
[13:46] {ese} spy
[13:46] {ese} starting to hate the mrkt right now
[13:47] {dino} most do hate it
[13:48] {ese} if i had more confidence going short I might feel different but i don't have the confidence
[13:49] {dino} imo, it's hard to short when down 6-7% in 7 days
[13:50] {Threei}  Hearing vague chatter circulating that CFTC may announce position limits in the silver maket citing ongoing manipulation investigation (related SLV )
[13:59] {Threei} Short Setup: X  .85 break
[14:02] {Threei}  stop .95 for scalpers, above 44 for day traders
[14:03] {ese} what the.....is this mrkt doin
[14:04] {Threei}  my best guess is, shaking shorts out before breaking down
[14:04] {dino} random dancing
[14:09] {ese} well it's shook me out for the day....i'm gonna catch you all tomorrow.....have to go into school and start preparing for my year
[14:09] {ese} take care all
[14:09] {dino} cya es
[14:10] {Threei}  take care ese
[14:11] {Threei}  ok, here comes the decisive moment
[14:11] {Threei}  break or bounce
[14:11] {Threei}  loss of .80 will be the decision point for X
[14:12] {Threei}  .85 entry was actually aggressive entry for .80
[14:15] {dino} chk l .35
[14:18] {dino} out ioc .87, +.37
[14:18] {Threei}  wtg
[14:21] {dino} ty
[14:22] {Threei}  TSLA Receives US Patent (19.47, -0.66, -3.28%)
[14:23] {Threei}  no go X
[14:29] {Threei}  rinse
[14:31] {dino} slow afternoon
[14:31] {dino} zzzzzzzzzzzzzzzzzz
[14:38] {Threei}  (US) CBO lowers cost of US stimulus spending
[14:38] {Threei}  just how does it do that?
[14:39] {Threei}  asserts that stimulus spending raised US Q2 GDP by 1.7-4.5%
[14:43] {dino} magic
[14:43] {dino} and election wishes
[14:44] {Threei}  - Stimulus spending lowered Q2 unemployment rate 0.7-1.8%, increased the number of people employed by 1.4-3.3M in Q2.
[14:44] {Threei}  - Increased the number of full-time-equivalent jobs by 2.0-4.8M compared with what would have occurred otherwise in Q2.
[14:56] {dino} eog crash
[14:59] {dino} gap aroiund 86.60
[14:59] {dino} november
[15:07] {dino} crm
[15:07] {Threei}  watch RIMM for pullback to around .15 - .20 for long
[15:12] {dino} out ctrp ..74 -.01, bad entry
[15:12] {dino} out chk flat
[15:13] {dino} tech guru coming, closing out. thx all good day
[15:13] {Threei}  take care dino
[15:23] {magoo} well, yester i called a rally for today, guess i missed that one
06[15:24] * nemo slaps magoo around a bit with a large crystal ball
[15:28] {magoo} although, what u think vad? maybe tomorrow
[15:29] {Threei}  think?
[15:29] {Threei}  me?
[15:29] {Threei}  I am so flattered
[15:35] {Threei}  anyone went for RIMM?
[15:36] {gregns}  yes
[15:36] {Threei}  :)
[15:38] {magoo} oh oh, looks like down here
[15:39] {Threei}  frikin X
[15:45] {Threei}  DYN Moving higher on rumors of a possible competing offer to BX (4.89, +0.11, 2.30%) (related BX )
[15:45] {magoo} when i speak of looking for a rally, i mean an oversold bounce within a nasty downtrend here
[15:45] {nemo}   of course
[15:45] {Threei}  well, today is not much of a rally
[15:46] {magoo} not at all, i acknowledged that, its RED
[15:46] {Threei}  intuitively it feels:
[15:46] {magoo} but i am clarifying what i was looking for today or tomorrow
[15:46] {Threei}  one more intimidatingly-looking gut-wrenching nerve-wrecking leg down,
[15:46] {Threei}  then vicious bounce
[15:47] {magoo} but heres the kicker vad, within a downtrend
[15:47] {Threei}  either tomorrow or afer tomorrow
[15:47] {Threei}  I dunno mags... we may simply be in a wide range
[15:48] {Threei}  don't read too much in these thin August movements
[15:48] {magoo} but we are hitting lows, obviously no rally, i looking for green 100 plus
[15:48] {shorty} good night all..
[15:48] {magoo} but hopefully it not a GAP up
[15:48] {Threei}  take care shorty
[15:50] {magoo} vad, all media talking heads thinking double dip down, talking death cross, hindenburg , economy sux, europe sux etcetc
[15:50] {Threei}  well, last time they talked about death cross, market bounced nicely,
[15:50] {Threei}  and last time they spoke of hindenburg omen was about may of last year
[15:50] {Threei}  and we all know wehat happened then
[15:51] {Threei}  economy sucks of course, and Europe is bad
[15:51] {magoo} well, luckily are timeframe is daily, we really dont have to worryy about that too much
[15:51] {Threei}  but, what does it all have to do with market..
[15:51] {magoo} just the daily trend
[15:57] {Threei}  Labor day can't come soon enough
[15:57] {Threei}  thank you all
[15:57] {Threei}  have a good evening
[15:57] {Threei}  see you tomorrow
[15:58] {magoo} cya boss
[15:58] {magoo} everyone