Tuesday, September 14, 2010

Sep 14 2010

Another nice day with good winning percentage. Our catch-of-the-day chart today is on the techniques of the bottom fishing. I hate buying arbitrary low - that's knife-catching and lead to bleeding fingers all too often. Instead, I prefer waiting for a clean bottom formation on the chart (Double Bottom being one of the most clear setups) - not only it gives me a clear idea of an entry but also provides me with nicely structured setup and clearly defined stop level. In case on ARNA today, 10-15 cents stop on 4.10 break gave us very nice risk/reward.

Session Time: Tue Sep 14 00:00:00 2010
[07:53] {strider} .
[08:26] {Threei}  US) Preview: US August Retail Sales expected at 08:30ET (12:30 GMT)
[08:26] {Threei}  ** Consensus expectations
[08:26] {Threei}  Aug Advance Retail Sales: 0.3%e v 0.4% prior
[08:26] {Threei}  Retail Sales Less Autos: 0.3%e v 0.2% prior
[08:26] {Threei}  Retail Sales ex Auto & Gas:0.4%e v -0.1% prior
[08:30] {nemo} ust be good numbers
[08:30] {Threei}  (US) AUGUST ADVANCED RETAIL SALES: 0.4% V 0.3%E; EX AUTOS: 0.6% V 0.3%E
[08:39] {ese} morning
[08:39] {Threei}  ese :)
[08:40] {ese} rude of me not to say goodbye to the board yesterday.....it's auditions week for my high school rhythm and blues band big timme busy
[08:42] {Threei}  need a helper for suditions?
[08:43] {nemo} female ones only...right Vad?
[08:43] {ese} how would you like to help vad
[08:43] {Threei}  pour vodka when you feel stressed out?
[08:43] {Threei}  or contestant
[08:44] {ese} hmmmmmmm........that could work
[08:44] {Threei}  see? I knew I could be of use
[08:44] {Threei}  granted, limited use... but still
[08:44] {dino} gm all
[08:44] {Threei}  dino :)
[08:51] {ese} big D
[08:54] {dino} :D
[08:59] {strider} morning everyone
[08:59] {Threei}  strider :)
[09:00] {strider} :)
[09:06] {kowboy} arna tanking hard
[09:07] {Threei}  ARNA Barclays cut to Underweight from Equal-weight, price target $3 (6.85, 0.00, 0.00%)
[09:07] {Threei}  Arena Pharmaceuticals Inc FDA staff releases briefing notes ahead of Sept 16 FDA advisory panel on Lorcaserin weight management drug
[09:07] {Threei}  - When gauged by the standards of the Divisions 2007 draft guidance for Developing Products for Weight Management, the mean weight loss associated with the lorcaserin 10 mg QD and BID dose was about 3% greater than the mean weight loss with placebo. Therefore lorcaserin did not satisfy the guidances mean efficacy criterion. However, the lorcaserin 10 mg BID dose did, by a slim margin, satisfy the categorical efficacy criterion.
[09:07] {Threei}  - Valvular heart disease, neuro-psychiatric and cognitive-related adverse events, and preclinical tumor development are three noteworthy safety issues discussed in the FDA background documents.
[09:16] {Threei}  looks like will lose 5
[09:17] {Threei}  here it is
[09:24] {dino} alks spike
[09:24] {Threei}  ALKS FDA staff discloses briefing notes for Sept 16 FDA panel considering expanded use of Vivitrol
[09:25] {dino} shows convincing evidence drug works
[09:26] {dino} for painkiller addiction
[09:27] {Threei}  Although the expanded safety database did not identify major new safety issues compared to the established safety profile in the alcohol-dependent population, we noted that the rate of adverse event reporting was distinctly lower in the Russian study compared to the completed studies in the U.S. that were considered under the original NDA review, perhaps due to cultural factors.
[09:29] {jfjf64} mornigALL
[09:29] {Threei}  jf :)
[09:30] {Threei}  ARNA carnage continues
[09:31] {ese} Out aone avg 19 +.17
[09:31] {ese} .19
[09:31] {Threei}  OPTR Phase 3 Clinical Trials Show Fidaxomicin Is Superior To Vancomycin In Treatment Of Recurrent Clostridium Difficile Infection (CDI); Data Presented At ICAAC
[09:32] {Threei} Long Setup:  LVS  .15 break
[09:32] {Threei}  .05 stop
[09:32] {ese} in
[09:33] {ese} .15
[09:33] {Threei}  no go
[09:33] {ese} crap stopped .04
[09:34] {Threei}  ARNA bottomless
[09:34] {ese} that goofy tail when it shot down
[09:35] {dino} clf
[09:35] {dino} nue, x
[09:36] {dino} turnaround tuesday
[09:38] {Threei} Long Setup:  RIMM  .20
[09:38] {Threei}  half lot, if stays above 44
[09:38] {Threei}  for scalpers .10
[09:38] {Threei}  scalpers have 1:1
[09:39] {Threei}  day traders 1:1
[09:40] {Threei}  1:2
[09:40] {Threei}  out in full
[09:40] {jfjf64} nice
[09:40] {jfjf64} ty
[09:40] {Threei}  yw
[09:40] {Threei}  ARNA...
[09:40] {Threei}  trying to get a feel whether it's ready for bounce or not yet
[09:41] {Threei}  RIMM 1:3... without me
[09:43] {Threei}  probabaly...
[09:43] {dino} sm crox .00 l
[09:43] {Threei}  half lot ARNA on .10 break
[09:44] {dino} cree spike
[09:44] {Threei}  stop either under 4 or .95, both are valid
[09:45] {Threei}  LVS double bottom
[09:45] {Threei}  .90 break long
[09:45] {Threei}  if holding .80
[09:46] {ese} L crox .01
[09:46] {ese} 1/2
[09:46] {Threei}  ARNA 1:1 for tigher stop
[09:47] {dino} skx sm l .74
[09:47] {Threei}  ARNA 1:1 for wider stop
[09:48] {Threei}  1:2
[09:49] {Threei}  Spot gold makes new all time highs with Dec gold nearing the Jun all time high of $1270 (related GLD EUR/USD USD/JPY GBP/USD )
[09:49] {Threei}  (US) Preview: IBD/TIPP Economic Optimism Index due out at 10:00ET
[09:49] {Threei}  (US) Preview: July Business Inventories due out at 10:00ET
[09:49] {Threei}  1:3
[09:49] {Threei}  me out
[09:51] {ese} dino you got a target on crox
[09:51] {dino} 11.40
[09:51] {ese} tks
[09:51] {dino} np
[09:52] {Threei}  LVS 1:1, me out
[09:52] {Threei}  life is good again
[09:52] {dino} gj
[09:53] {jfjf64} nice
[09:53] {dino} skx to .04
[09:53] {dino} to .14
[09:53] {jfjf64} question  why  ya  get  out  lvs
[09:53] {Threei}  2 reasions
[09:53] {Threei}  1. numbers soon
[09:53] {jfjf64} higher low
[09:53] {jfjf64} nice trend line
[09:53] {Threei}  2. thing is struggling a bit too much for my taste
[09:54] {jfjf64} ty
[09:54] {jfjf64} have to ask
[09:54] {Threei}  I'd prefer more decisive action as market started bouncing
[09:54] {jfjf64} me student
[09:54] {dino} cree to .74
[09:54] {jfjf64} you sensi
[09:54] {dino} out skx +.40 at .14
[09:55] {Threei}  no trades for the next 5 min as we wait for numbers
[09:55] {Threei}  so I have one general thing to add
[09:55] {dino} crox to b/e
[09:55] {dino} out cree +.74
[09:55] {Threei}  see, my trading decisions depend on more than just an idea where the stock is going,
[09:55] {Threei}  it also includes the effort required
[09:56] {Threei}  and if there is too much struiggle involved, I prefer to cut down on my invlovement
[09:56] {ese} out crox .21 +.20
[09:56] {Threei}  good trades are usually more effortless than that
[09:56] {ese} tks dino........take my hundred...i'm good
[09:56] {dino} ;)
[09:56] {jfjf64} ty
[09:57] {strider} FX heading south
[09:57] {strider} FCX
[09:57] {dino} wants to join clf perhaps
[09:59] {dino} crox to .30
[10:00] {dino} out +.30
[10:00] {Threei}  *(US) JULY BUSINESS INVENTORIES: 1.0% V 0.7%E
[10:00] {Threei}  *(US) SEPTEMBER IBD/TIPP ECONOMIC OPTIMISM: 45.3 V 44.0E
[10:00] {dino} nice morning
[10:00] {Threei}  wtg dino
[10:01] {dino} tyh
[10:01] {dino} ty
[10:01] {Threei}  I know you wanted new shoes for a few days now
[10:01] {ese} nice dino
[10:01] {Threei}  finally crox delivered
[10:01] {dino} watching whr, clf
[10:01] {dino} lol 3i
[10:04] {ese} L aks .70
[10:05] {Threei}  argh
[10:05] {Threei}  FCX .20 long, was late to type alert
[10:05] {Threei}  let's see if we get pullback to about .15
[10:07] {Threei}  no chance
[10:07] {jfjf64} lol
[10:09] {RonS} dino, feels like clf wants to do some kind of gap fill. check the 10 day, 30 min
[10:10] {dino} 61.25 area?
[10:11] {dino} other issue is friday "x"
[10:11] {dino} svnt drop
[10:11] {jfjf64} bby   inverted  c/h
[10:11] {jfjf64} ??
[10:11] {jfjf64} .57  short
[10:12] {dino} svnt gap fi;;
[10:12] {Threei}  probably jf
[10:13] {Threei}  not sure I see a play there though
[10:13] {Threei}  a bit too jumpy
[10:13] {Threei}  .60 break is tempting
[10:14] {Threei}  maybe half lot short
[10:14] {Threei}  if stays under .75
[10:14] {jfjf64} sounds lk  plan
[10:14] {strider} HPQ
[10:18] {jfjf64} grrrrrrrrrrrr
[10:18] {kowboy} clf trying
[10:19] {dino} better worlds jf, thing is pulp
[10:20] {jfjf64} lvs
[10:20] {jfjf64} bam
[10:22] {Threei} Long Setup:  RIG  .55 break
[10:22] {Threei}  half lot
[10:23] {ese} cree making a comeback
[10:23] {Threei}  if stays above .40
[10:23] {Threei}  .45 desirably
[10:23] {Threei}  .45 it is if triggers now
[10:23] {dino} sm l whr .74
[10:29] {RonS} dino, mmyt, check the 10d, 15 min...pulpy...
[10:29] {Threei}  1:1
[10:30] {dino} ipo, don't like them, hard to read
[10:30] {RonS} bollywood = pulpy
[10:31] {dino} lol
[10:33] {dino} giddy-up
[10:34] {Threei}  1:2, me out
[10:34] {dino} whr stopped -.32
[10:35] {gregns} you out because the energy died and we didn't see that jump when it ate up that big offer?
[10:35] {dino} itri sm s .50
[10:38] {Threei}  you assign too much of thought process to me greg...
[10:38] {Threei}  I am flattered of course... but it's simpler than that
[10:38] {gregns} nah, just trying to see your rationale
[10:38] {Threei}  we don't have overwhelming activity in the market,
[10:39] {Threei}  rather it's a steady but flattish back and forth
[10:39] {Threei}  so I keep my expectations tempered
[10:39] {gregns} ty
[10:39] {Threei}  and 1:2 in this case is 20 cents move, on a stock that has filry limited range for today
[10:40] {Threei}  look at its 1 min chart ever since morning volatility eas over,
[10:40] {Threei}  you'll see it osciallting between what, .20 - 30 on a lower side
[10:41] {Threei}  and .60-65 on higher
[10:41] {ese} someday?????    just saw new high for intc 50700shs........ahhhhhhh to dream
[10:41] {Threei}  so we go into .75, what else do I need
[10:41] {ese} new high bid
[10:41] {Threei}  see my point?
[10:41] {Threei}  just being realistic
[10:41] {gregns} yes now
[10:44] {strider} HPQ breaks 40
[10:47] {Threei} Long Setup:  RIMM  .15 break half lot
[10:48] {dino} volc sm l .50
[10:49] {dino} stop is .23
[10:49] {Threei}  1:1
[10:50] {dino} itri cov b-.22
[10:54] {jfjf64} tza bonce??
[10:55] {Threei}  hmmm
[10:55] {Threei}  does market look to you like it's ready to reverse down?
[10:55] {Threei}  if yes, then TZA bounce
[10:55] {jfjf64} y
[10:55] {Threei}  .60 break then
[10:56] {Threei}  I don't have an opinion on it
[10:58] {Threei}  stop is under .50 of course
[11:06] {Threei}  (US) US Senate Panel approves $680.9B Pentagon spending bill; recommends F-35 production be cut to 32 from 42 planned; bill is without alternate engine for F-35
[11:06] {Threei}  - Reminder: Much had been made of the push to include an alternate F-35 engine, built by GE and Rolls Royce; numerous opponents had claimed it was wasteful spending
[11:20] {jfjf64} gg   c/h
[11:23] {RonS} rax dive
[11:24] {strider} SOMX
[11:27] {Threei}  don't see any news for it
[11:27] {strider} SOMX theflyonthewall.com:  Rumor: Somaxon moves up on Silenor approval speculation in China :thef
[11:27] {RonS} sounds like a solid rumor...
[11:28] {strider} :)
[11:28] {RonS} :O
[11:28] {dino} lol
[11:30] {strider} : Visa says consumers may start to use credit cards for nondiscretionary spending
[11:30] {strider} what does that mean?
[11:31] {dino} fun
[11:31] {nemo} groceries, electric bills
[11:31] {RonS} water, air, political contributiions...
[11:31] {nemo} non-discretionary dino
[11:31] {strider} I use mine for groceries.
[11:31] {nemo} discretionary=fun
[11:31] {strider} Is this a bad thing?
[11:31] {nemo} yeah, but you probably pay it off
[11:31] {strider} uh, yeah.
[11:31] {nemo} they're talking about running balances
[11:31] {strider} Aren't you supposed to?
[11:32] {nemo} no, you DF, then you get the gubmint to pay off
[11:32] {strider} I see.
[11:33] {dino} chsi
[11:34] {dino} news?
[11:34] {strider} .com: Catalyst Health initiated with an Outperform at JMP Securities
[11:34] {strider} Target $53. :theflyonthewall.com
[11:34] {strider} hah
[11:35] {nemo} support right here
[11:35] {dino} that explains is, lol
[11:35] {strider} hell of a deal.
[11:35] {strider} I'll buy some on my credit card.
[11:35] {strider} Then get nemo to pay it off.
[11:36] {dino} gap 36.51 but...
[11:36] {ese} yup....just rack that card up there
[11:36] {dino} 200 at 37.88
[11:36] {nemo} 38.80
[11:37] {dino} typo, your right
[11:37] {kowboy} kinda cool to watch it
[11:37] {dino} 50 at .50
[11:37] {strider} do you pack your own parachute, dino?
[11:38] {dino} maybe so
[11:39] {dino} .75 sm l
[11:39] {dino} volc to .80
[11:40] {strider} cool
[11:41] {nemo} adbe
[11:41] {strider} gonna do a b/o at lunch, nemo?
[11:41] {dino} volc to .90
[11:42] {nemo} doubtful, but watching how it acts
[11:42] {nemo} market about to break new high, lunch time won't matter above 113.20 or so
[11:44] {dino} volc to .98
[11:45] {RonS} V rocket
[11:47] {dino} out volc .00, +.50 reverse slip
[11:48] {RonS} gj dino
[11:48] {dino} ty
[11:51] {dino} chsi is messed up
[11:51] {nemo} 36.50
[11:51] {dino} yeah, feels like gap fill
[11:52] {nemo} spy gonna' get the range high
[11:52] {dino} what would it have done on a downgrade
[11:56] {Threei} Short Setup: RIMM  .90 break if stays under 45
[11:56] {Threei}  let's do half lot
[11:59] {Threei}  CSCO *INITIATES DIVIDEND (22.05, +0.79, 3.72%)
[12:01] {dino} out chsi .55, +.80 tough ride
[12:06] {nemo} market not up all that much for the beating the $ has taken the last couple of days
[12:06] {Threei}  nice gain though
[12:06] {Threei}  well, market opened in red
[12:06] {Threei}  recovered and climbs
[12:06] {Threei}  what more could bull want
[12:07] {Threei}  what more could bear fear
[12:09] {Threei}  (EU) EU member states to back imposing extra import duties on Chincese car wheels - unconfirmed report
[12:09] {Threei}  - reminder: WSJ reported as much citing sources who indicated the dutiues could be raised to 22.3% from 20.6%
[12:11] {Threei}  hey
[12:11] {Threei}  "dutiue"
[12:11] {Threei}  someone there types just like me
[12:14] {dino} trade wars, anyone say soomt hawley
[12:15] {dino} chsi wants to go flatr for day
[12:18] {dino} .
[12:22] {Threei}  CA) BoC' Carney: Not seeing any desire for a global transaction tax; watching FX levels closely
[12:22] {Threei}  - CAD strength coupled with the economic weakness in the US will create challenges for recovery; aiming to consider the uncertainty in Canada when weighing monetary policy decisions
[12:23] {jfjf64} uaua
[12:24] {jfjf64} time to  short
[12:24] {jfjf64} ??
[12:24] {Threei}  why??
[12:24] {jfjf64} vol spikes
[12:27] {jfjf64} guess not
[12:27] {jfjf64} on mission
[12:28] {jfjf64} go back to llep  sorry to wake ya
[12:28] {jfjf64} sleep
[12:31] {Threei}  ty
[12:31] {Threei}  but no worry
[12:31] {Threei}  I don't have to wake up to comment
[12:37] {ese} zzzzzzzzzzzzzzzzzzzzzzz yawnzzzzzzzzzzzzzzzzzzzzzzzzzzzz
[12:39] {dino} sssmmmmmmaaaccckkkkkkkkkkkk
[12:50] {strider} CAT drop
[12:52] {dino} chsi drop
[12:52] {RonS} well that stinks
[12:53] {Threei}  ?
[12:53] {strider} too much information
[12:54] {RonS} :P
[12:55] {jfjf64} slb .80 break
[12:55] {jfjf64} hold .72
[12:55] {jfjf64} nope
[13:00] {dino} something up w/chsi
[13:00] {ese} didn't wake me up dino..........ok well....i'm outta here.  Gotta go to a real job???...........ouuuuu ouch...i can feel the backlash now
[13:01] {dino} have fun
[13:01] {jfjf64} lol
[13:01] {ese} not
[13:01] {ese} lol.......good one
[13:01] {ese} cya
[13:01] {jfjf64} lol
[13:01] {jfjf64} cya
[13:06] {jfjf64} rdwr
[13:06] {dino} rdwr
[13:07] {dino} opps
[13:07] {jfjf64} opps
[13:07] {dino} signed a deal is all i see
[13:07] {jfjf64} time 4 lunch  later
[13:10] {dino} buyout rumor
[13:10] {dino} 45 talk
[13:10] {Threei}  RDWR Ticking higher on takeover chatter circulating
[13:10] {Threei}  - Hewlett Packard and IBM rumored as potential acquirers
[13:11] {dino} hp went crazy after firing their boss
[13:18] {dino} bcsi
[13:19] {Threei}  I hate to say it but...
[13:19] {Threei}  guess who is on TV
[13:19] {RonS} Obabble?
[13:20] {dino} lol good one
[13:20] {dino} don't know about tv, but ac/dc just came on the tunes
[13:20] {RonS} hell's bells
[13:21] {dino} for those about to rock
[13:21] {dino} memories...
[13:29] {jfjf64} nice  dino
[13:29] {jfjf64} im listening to metallica
[13:29] {RonS} outrageous
[13:30] {jfjf64} lol
[13:30] {dino} nice
[13:30] {jfjf64} goes great  with  trading
[13:30] {jfjf64} u should try
[13:31] {dino} much better than cnbc
[13:31] {jfjf64} dndn
[13:32] {jfjf64} short .44
[13:33] {RonS} if it was David Rosenberg, he should be let on...:)
[13:34] {jfjf64} enter sandman
[13:34] {jfjf64} 1/1
[13:34] {Threei}  nice one jf
[13:34] {RonS} gj jf
[13:35] {jfjf64} no greatset up   feeling
[13:35] {dino} roflol, enter sandman, classic
[13:35] {jfjf64} dog fleas
[13:35] {dino} relax, more trades to surface
[13:35] {jfjf64} ONE
[13:35] {Threei}  setup wise, .50 break was better entry
[13:36] {Threei}  but I was too late to slap you, so I opted for praise
[13:36] {jfjf64} missed it
[13:36] {Threei}  if however you insist...
[13:36] {jfjf64} because of that  thought  still had some short legs
06[13:36] * Threei slaps jfjf64 around a bit with a large reminder not to chase entries
[13:37] {jfjf64} lol
[13:40] {jfjf64} cof
[13:40] {jfjf64} low  day
[13:40] {i2r} can't figure out if the market wants to go back up or just hesitating on the way down
[13:41] {Threei}  good question
[13:41] {Threei}  so far, any pullback over last week or so was immediately bought
[13:41] {Threei}  two actually
[13:43] {dino} ran up into exp in aug, then death
[13:45] {jfjf64} 1/1  cof
[13:45] {dino} gj
[13:45] {jfjf64} ty
[13:48] {Les} {---- slaps jf around for copying him
[13:49] {jfjf64} lvs  lod
[13:49] {jfjf64} les wher ya been  pal
[13:50] {Les} getting last bit of work done in garden for the year. Dave still don't have an account for me.
[13:50] {dino} blackballed again, huh les
[13:50] {jfjf64} .79  short  lvs
[13:51] {Les} if it ain't me, its some else screwing me
[13:51] {jfjf64} 3i   thoughts
[13:51] {dino} reminds me of the tight end that was sent to prison
[13:51] {dino} came out a wide receiver
[13:51] {Les} ouch
[13:51] {Les} that is nasty
[13:52] {jfjf64} comon dino
[13:52] {Threei}  quite possible jf
[13:52] {Threei}  let's see where this bopunce tops out
[13:52] {jfjf64} wide  reciever  3i
[13:53] {Threei}  and if market suppors the direction, that seems be nice play
[13:53] {jfjf64} comon  not  u
[13:53] {jfjf64} lol
[13:53] {jfjf64} i agree
[13:53] {jfjf64} we  need  watch  market  with  this  1   could  be nice  nice
[13:54] {jfjf64} over  .90 kills  it ??
[13:57] {Threei}  rather calls for recalibration
[13:57] {strider} you need a seatbelt _david?
[13:57] {Threei}  I mean, short idea stands, but gotta look for differenet setup
[13:58] {Threei}  maybe right here with stop above 32
[13:58] {Threei}  not very well defined setup
[13:58] {Threei}  but we may not get any
[13:58] {Threei}  as market just drops and takes LVS with it
[13:59] {RonS} wow, the euro broke 1.30
[14:00] {jfjf64} this  it
[14:00] {jfjf64} .79
[14:00] {jfjf64} imo
[14:00] {jfjf64} .86  stop
[14:01] {jfjf64} no risk
[14:01] {jfjf64} u in  already 3i
[14:04] {nemo} gold rocketed today
[14:05] {Threei}  no jf
[14:05] {Threei}  I prefer more clear setups
[14:07] {jfjf64} cant  come in  dave
[14:07] {nemo} Dave's not here man
[14:08] {RonS} the nemo influence goes worldwide:  http://tinyurl.com/27bp7wq
[14:08] {RonS} Cheech & Chong
[14:10] {jfjf64} lol
[14:10] {jfjf64} classic
[14:18] {RonS} u see a short w/ DAL 3i?
[14:19] {RonS} anyone?
[14:19] {strider} only 45 cents ADR, not much potential
[14:20] {strider} imo
[14:26] {Threei}  not sure Ron
[14:26] {Threei}  kind of 50/50
[14:28] {Les} hmm tlt breaking, market looks like it wants to break, gld has broken. who blinks first?
[14:28] {Les} http://www.youtube.com/watch?v=7R2Atsh6hHA
[14:31] {jfjf64} inverted  c/h   lvs
[14:32] {nemo} or is tht H/C
[14:32] {jfjf64} nicccccccccccceeeeeeeeee
[14:32] {Les} nice break
[14:32] {nemo} very...where's 3i
[14:33] {nemo} ?
[14:33] {jfjf64} jumped it .80
[14:33] {jfjf64} out .71
[14:33] {Les} what do I look like Nemo? a directory service?
[14:34] {Les} u don't need to answer that
[14:37] {nemo} boy...that was juicy Les
[14:38] {Les} for someone with the wits and quick on their feet
[14:38] {nemo} if I'd been at the desk dude...you'd be toast
[14:39] {nemo} here comes the afternoon buy program
[14:39] {dino} chsi sm l .45
[14:41] {nemo} stop dino?
[14:41] {dino} .29
[14:42] {nemo} btw...30 is the 61.8 retracement of the bottom
[14:43] {dino} 39.30
[14:43] {nemo} yes
[14:43] {dino} ty
[14:44] {nemo} the 23.6 retracement from the original drop is around .18
[14:45] {nemo} the top of the original drop
[14:46] {dino} we need .50 break up
[14:46] {nemo} yeah, that's an old support
[14:50] {dino} volc pullback
[14:51] {nemo} chsi trading by appointment now
[14:52] {dino} chsi stopped -.16
[14:52] {dino} picked off my hard stop
[14:52] {nemo} bohica dude
[14:53] {dino} that sucked
[14:53] {nemo} right at the retracement
[14:54] {nemo} volc could go to 10
[14:56] {nemo} .10
[14:59] {jfjf64} 3i  ya sleepin
[14:59] {Threei}  sure
[14:59] {Threei}  why?
[14:59] {jfjf64} lol
[15:00] {Threei}  ain't I always
[15:00] {jfjf64} ya very  quiet today
[15:00] {jfjf64} is it somethin nemo said
[15:00] {Threei}  hmmm
[15:00] {dino} ouch, yellow jacket just stung me
[15:00] {jfjf64} lol
[15:01] {nemo} crissakes, I've been quiet all day
[15:01] {jfjf64} dont laugh my father had one go in his ear  last week
[15:01] {dino} tornado yesterday, bees today, whats next
[15:01] {nemo} locust
[15:01] {nemo} floods
[15:01] {Threei}  lol
[15:01] {jfjf64} nemo 4 dinner
[15:01] {dino} end of days
[15:02] {nemo} nice jf
[15:02] {nemo} like tht
[15:02] {Les} lightening strike on your trading computer
[15:02] {nemo} spelling like 3i I see
[15:02] {Les} lightning
[15:02] {Les} piss off
[15:02] {jfjf64} new  coputer  stop
[15:03] {nemo} Les always resorts to excretory functions for insults
[15:03] {Les} its an australian thing
[15:03] {jfjf64} les  ther is a reason  dave  doesnt  have  ya  set up
[15:03] {Les} what, he's saving me from myself?
[15:03] {jfjf64} exactly
[15:03] {nemo} no, that's a terminal condition
[15:04] {jfjf64} lk  that  les
[15:04] {dino} chsi higher lows/highs
[15:04] {jfjf64} dino  still poppin away
[15:04] {Les} freestockcharts ain't showing chsi low. what did it go down to?
[15:04] {dino} 37.75
[15:05] {Les} nah nah nah just now
[15:05] {Les} when you got stopped
[15:05] {dino} oh. .29 to my stop
[15:05] {Les} and not a penny further?
[15:05] {dino} don't see it
[15:05] {Les} that is nasty
[15:06] {Les} must be "them"
[15:06] {jfjf64} gotta go  guys  pk up son from  school   ty  all
[15:06] {Les} ciao
[15:06] {Threei}  take care jf
[15:06] {jfjf64} 3i  sorry to  wake  ya up
[15:06] {jfjf64} ty
[15:06] {Threei}  no worry
[15:06] {Threei}  I didn't
[15:06] {dino} cya jf
[15:06] {jfjf64} good day today
[15:06] {jfjf64} later dino
[15:07] {jfjf64} piss off les
[15:08] {nemo} even tna at a standstill
[15:08] {dino} glad to hear it
[15:11] {strider} I vote 'no confidence' in market
[15:11] {strider} either direction
[15:12] {dino} afternoons are still slooowww
[15:12] {strider} {-----(stuffing ballot box)
[15:12] {_daviddrosenfeld} Ask me at 4:00
[15:12] {dino} up, suck in the last bunch of suckers
[15:12] {RonS} all hail david...
[15:12] {Les} spoken like a true politician David
[15:13] {strider} hey, dave...mibbit keep pushing you out?
06[15:13] * nemo slaps _daviddrosenfeld around a bit with a large dose of indecision
[15:13] {RonS} ...the initiation...
[15:13] {nemo} or.....
[15:13] {nemo} nah...I'll leave him alone
[15:14] {nemo} my binky is back
[15:14] {RonS} binky...lol
[15:14] {dino} chsi break of .75 sm l
[15:14] {nemo} yeah...Les
[15:16] {Threei}  you guys are meanies
[15:16] {Threei}  today
[15:16] {Threei}  sniff sniff
06[15:17] * nemo slaps Threei around a bit with a large Wake up and smell the Thorns!!!!
[15:18] {Les} http://www.youtube.com/watch?v=c1kYdRDvC2o
[15:18] {_daviddrosenfeld} Yes mibit not nice, but I'm on iPhone
[15:19] {Les} so place nice Nemo
[15:19] {Les} wait
[15:19] {Les} so play nice nemo
[15:19] {Threei}  here is e-mail we just got
[15:19] {strider} why are you on an iPhone?
[15:19] {nemo} What you talkin' 'bout Willis?
[15:19] {Threei}  dear info,
[15:19] {Threei}  i looked at you best valu ofer price 449. it includes 2 month of trading room, 300 for 1 month. can I pay only 150 and take only 1 month?
[15:19] {Threei}  jim
[15:20] {nemo} ROTFLOFL
[15:20] {RonS} rogers?
[15:20] {Threei}  now, here is an answer:
[15:20] {Threei}  Jim,
[15:20] {Threei}  we have better suggestion: don't take any of those two months, then we will send you our course AND pay you $150. Sounds fair?
[15:20] {Les} LOL
[15:20] {nemo} If he promises never to enroll
[15:21] {Les} no no, I wanna see how this guy operates
[15:21] {Les} hook him up to us Vad
[15:21] {RonS} brutal nemo, and i like it...
[15:21] {Les} need another nut case
[15:21] {RonS} ya, what did happen to shorty?
[15:21] {nemo} On the road again....
[15:22] {RonS} had the attention span of his kids...
[15:22] {nemo} mos folks
[15:22] {nemo} orders at 59 even
[15:23] {Les} hmmm you said something Ron?
[15:24] {RonS} watcha sayin nemo?  if it busts through those orders it will pop?
[15:24] {nemo} or, if it can't break might see a sell off
[15:24] {nemo} it opened at .95
[15:25] {nemo} dangerous though vwap at .03
[15:26] {nemo} you like mos break?
[15:26] {Threei}  59?
[15:26] {Threei}  I think so
[15:27] {nemo} set sweep at .03
[15:27] {nemo} ?
[15:27] {Threei}  .02
[15:27] {Threei}  should be enouigh
[15:27] {Threei}  providing you click when huge offer scrolls fast
[15:28] {Threei}  and don't forget to set NASDAQ
[15:28] {nemo} always
[15:28] {Threei}  don't leave it on default which is likely to be MLCO
[15:28] {nemo} had my fill of no fills with MLCO
[15:29] {nemo} that NSDQb didn't budge
[15:35] {nemo} look for volc bounce between here and .03
[15:35] {Threei}  speaking of MOS... look at daily
[15:35] {Threei}  60 break somewhere in the future can start big move
[15:37] {nemo} wow pile up at 59
[15:37] {dino} vxx at two year low
[15:38] {dino} back in 10
[15:38] {nemo} Dino, we only have 22 minutes
[15:42] {Les} GLD breakdown coming
[15:42] {Threei}  wow
[15:42] {Threei}  Eifel Tower evacuated
[15:42] {Threei}  bomb alert
[15:42] {nemo} hehehe...it's only the French
[15:44] {Les} ooh yeh GLD go bye bye
[15:45] {Les} {-------- slaps Nemo around with a bottle of good French wine
[15:46] {nemo} Petrus?
[15:46] {Les} GLD go 1:3 bye bye
[15:46] {nemo} Lafite Rothschild?
[15:46] {Les} hey I'm peasant. What do I know of that stuff?
[15:46] {Les} a peasant
[15:46] {nemo} kinda' my point
[15:46] {RonS} Le Boef du Burb
[15:47] {RonS} b = p
[15:47] {Les} oh gotcha
[15:47] {nemo} puffta?
[15:49] {Les} gotta love the MA support. GLD belly flopped off the 200ma
[15:49] {Threei}  GOOG CEO: Double dip recession is unlikely (481.19, -1.08, -0.22%)
[15:50] {Threei}  GOOG CEO: I mean, come on... I never double-dipped in my pocket to find a pocket change to by a yacht, right?
[15:51] {Les} not when you can offload another 100k of stock
[15:51] {RonS} ...but if HPQ keeps buying companies, they will be the double dips...
[15:52] {Les} hope the day was a good one. c u's tomorrow
[15:52] {Threei}  it was les
[15:52] {Threei}  two stops
[15:53] {Threei}  a lot of working ones
[15:53] {RonS} ...second day of a closing selloff...did not take the tza play  :(
[15:53] {Les} cool
[15:54] {nemo} getting a little too close to closing for my liking
[15:58] {Threei}  okay guys
[15:58] {Threei}  thank you all
[15:58] {nemo} hasta manana
[15:58] {Threei}  jave a good evening, see you tomorrow
[15:59] {dino} clf
[15:59] {_daviddrosenfeld} Can I take my seatbelt off?
[16:00] {Threei}  nemo, got catapult ready?
[16:00] {nemo} Hehehehehe
[16:00] {Threei}  :)
[16:03] {dino} gn all, thx, good time