Thursday, October 7, 2010

Oct 07 2010

Decent day with solid profits, and somewhat unusual catch of the day - unlike our normal plays based on clearly defined setups, this one was more of an intuition. Read the discussion that occurred after the call for the next 40-60 min.

Session Time: Thu Oct 07 00:00:00 2010
[08:25] {jfjf64} mornin
[08:25] {Threei}  morning jf
[08:27] {davd} mornin
[08:27] {Threei}  davd :)
[08:28] {jfjf64} mornin david
[08:33] {magoo} kf.wlrfalifhLIHE
[08:35] {Threei}  I have just the answer for you mags
[08:35] {Threei}  *(US) INITIAL JOBLESS CLAIMS: 445K V 455KE; CONTINUING CLAIMS: 4.46M V 4.45ME
[08:35] {Threei}  - Prior Initial Jobless Claims revised higher from 453K to 456K
[08:35] {Threei}  - Prior Continuing Claims revised higher from 4.457M prior to 4.510M
[08:37] {magoo} anf RIPPIN VAD
[08:37] {magoo} MORNING TOO
[08:37] {magoo} freakin caps lok, sorry
[08:38] {Threei}  lol
[08:45] {Threei}  RIMM stays in red
[08:48] {_panc} good morning
[08:48] {Threei}  panc :)
[08:49] {magoo} morn panic
[08:49] {magoo} oops:)
[08:50] {_panc} :-)
[08:51] {magoo} cramer just put up low target aapl $400
[08:56] {lilyd} good morning!
[08:56] {Threei}  lily :)
[09:02] {RonS} gm all...euro through 1.417
[09:02] {Threei}  Ron :)
[09:02] {Threei}  bears just don't get it eh?
[09:05] {Threei}  TRIT Wins $40 Million Joint Bid for Inner Mongolia Drinking Water Treatment Plant (11.15, 0.00, 0.00%)
[09:05] {Threei}  there is water in Mongolia?
[09:06] {RonS} most people call it snow...
[09:06] {Threei}  oh
[09:08] {ese} morning
[09:09] {Threei}  ese :)
[09:09] {ese} hey vad
[09:10] {Threei}  don't you hate it when the morning starts with surprises
[09:10] {Threei}  woke up to see one of my monitors black
[09:11] {Threei}  had to go to the garage and drag out one of CRT monsters
[09:11] {Threei}  that for some reason are not recycled for years
[09:11] {Threei}  now this thing crowds me out :)
[09:12] {ese} electronics........
[09:14] {ese} want me to come over and give you a hand
[09:15] {ese} blud    dn 3 bills
[09:16] {ese} crazy ...misses by one cent
[09:16] {Threei}  ty
[09:16] {Threei}  bring a bottle of whiskey, will will drown the sorrow in it
[09:17] {ese} done
[09:17] {Threei}  other than that, no help needed at this moment :)
[09:17] {ese} let me know......i'm gonna be out your way saturday morning golfing at Cordova Bay GC
[09:19] {ese} blud guided lower too ....missed that
[09:19] {larisa} gm :)
[09:19] {ese} laris!!!!!!!!!!!!!!!!
[09:20] {Threei}  larisa :)
[09:20] {larisa} ese, vad :)
[09:24] {ese} alright everyone.....vads in an emergency situation.......he needs a bunch of us to come over and drink his whiskly.......who's in?
[09:24] {Threei}  ummm
[09:24] {Threei}  I actually meant for you all to bring your own
[09:24] {magoo} INNNNNNNNN
[09:24] {ese} ohhhhhhhhhh??????
[09:24] {magoo} OYYYY
[09:25] {Threei}  let's see:
[09:25] {Threei}  [09:16] {Threei} bring a bottle of whiskey
[09:26] {khaln} g morning
[09:26] {Threei}  khaln :)
[09:26] {ese} kh
[09:27] {khaln} ese, gm
[09:29] {Threei}  keeping an eye on RIMM for short [;ay
[09:31] {Threei} Short Setup: RIMM  48 break
[09:31] {Threei}  half lot of course
[09:31] {magoo} missed
[09:32] {Threei}  the only realistic chance for entry was to take 48.01 when big bid started meltinfg
[09:33] {magoo} CTXS coming down hard
[09:34] {kowboy} bad fill on rimm, out even
[09:34] {Threei}  market order??
[09:34] {kowboy} yes
[09:35] {Threei}  what to slap you with?
[09:35] {kowboy} A heavy 2x4 I should limit with 2c
[09:35] {Threei} Short Setup: LVS  .30 break
[09:36] {Threei}  stop above .40
[09:37] {Threei}  1:1
[09:38] {Threei}  usual routine
[09:38] {Threei}  if you partial, stop for the balance to just above b/e
[09:38] {Threei}  1:2
[09:39] {Threei}  1/4 more
[09:39] {Threei}  LVS is like that geiser... Old Faithful
[09:39] {Threei}  RIMM gave second chance entry which I missed being vusy with LVS... anyone grabbed it?
[09:40] {Threei}  stop for the last piece of LVS to above .25
[09:40] {magoo} missed
[09:41] {magoo} aapl fallin
[09:41] {magoo} a tell
[09:41] {Threei}  half lot
[09:41] {Threei}  stop under .05
[09:41] {magoo} which?
[09:41] {Threei}  arghhhh
[09:41] {Threei}  wrong script
[09:42] {Threei}  that was long lvs .15 break
[09:42] {Threei}  sorry...
[09:42] {Threei}  typical double bottom setup, second bottom within BBs
[09:42] {magoo} shhould i say"missed"
[09:43] {Threei}  hit wrong button in script, so alert never appeared
[09:44] {magoo} FFIV destroyed more
[09:45] {Threei} Long Setup:  RIMM  .35 break half lot
[09:45] {Les} eqix
[09:45] {Les} good morning
[09:45] {Threei}  if stays above .25
[09:45] {Threei}  hey Les
[09:46] {Threei}  LVS worked on second chance entry
[09:46] {Threei}  RIMM's read if market helps any
[09:46] {Threei}  ready
[09:47] {magoo} in
[09:47] {davd} in rimm .35
[09:47] {Threei}  no go
[09:48] {Les} rimm has pivot support .18
[09:49] {ese} short dndn 1/2 .50
[09:54] {ese} cover .41 dndn +.09
[09:54] {Threei}  what's with HOGS?
[09:54] {Threei}  I don't see any news
[09:55] {Threei}  52 week highs, and continues
[09:55] {ese} one small step for huge step ese to short
[09:55] {ese} kind
[09:55] {Threei}  :)
[09:55] {nemo} rimm DB?
[09:55] {Threei}  nope
[09:56] {kowboy} blud slowly trying
[09:56] {jfjf64} x
[09:57] {jfjf64} d/b
[09:57] {Threei}  no
[09:57] {Threei}  unless you mean b/d - then yes
[09:59] {RonS} euro lost 1.3940...same move viz yen
[09:59] {nemo} rimm db?
[10:00] {strider} FCX froming inv. h&s
[10:00] {strider} and forming
[10:01] {strider} DNDN 2 sided
[10:01] {Threei}  RIMM... getting closer
[10:01] {Threei}  not there yet
[10:03] {Threei} Long Setup:  RIMM  .05 break
[10:03] {Threei}  half lot
[10:03] {Threei}  stop is self-explanatory
[10:05] {Threei}  1:1
[10:06] {Les} lvs 36 breakdown?
[10:07] {Les} not yet
[10:07] {Threei}  if market resumes downward and LVS forms consolidation
[10:12] {ese} L orcl .82
[10:13] {Threei} Long Setup:  LVS  36 break
[10:14] {magoo} in
[10:16] {Threei}  not a scalp if works
[10:17] {Threei}  no worky
[10:17] {davd} people watching dollar
[10:19] {magoo} wicked recrosslvs
[10:20] {ese} out orcl .77 -}05
[10:20] {ese} -.05
[10:20] {Threei}  ugh... rinse
[10:22] {strider} RIMM weak
[10:22] {strider} not so much
[10:22] {Threei}  just delayed
[10:22] {magoo} rimm waits for mkt
[10:25] {magoo} lil tricky this morn
[10:29] {Threei}  watching SOL for long on pullback
[10:30] {Threei}  around .70 should be it
[10:31] {Threei}  *EIA NATURAL GAS INVENTORIES: +85 BCF VS. +75 TO +80 BCF ESTIMATE RANGE (related UNG USO )
[10:31] {Threei}  UNG is a perfect torture tool
[10:31] {Les} this week its going higher...
[10:31] {Les} NO WAIT... this week its going higher...
[10:32] {Les} WAIT.... this week its going higher....
[10:32] {Les} etc ad nauseum
[10:32] {Threei}  exactly
[10:32] {Threei}  hope springs eternal
[10:33] {Les} whoever thought these ETF's up is a genius
[10:33] {Threei}  lol
[10:34] {magoo} al gore did
[10:34] {_panc} vad, CAT breakout?
[10:34] {magoo} calm down
[10:34] {Threei}  hmm
[10:34] {Threei}  I would prefer to play it on pullback
[10:35] {Threei}  to just under 79
[10:35] {_panc} thanks
[10:35] {Threei}  hldong .90 and recrossing back over it
[10:35] {Threei}  much safer way to play this thing
[10:35] {Threei}  lol mags
[10:35] {Threei}  now, important order of business just when you thought it was over
06[10:36] * Threei slaps kowboy around a bit with a large 2x4 with sing incrusted on it: NEVER EVER send a market order on a break of a big support or resistance
[10:36] {RonS} here come de judge- Flip Wilson
[10:36] {Threei}  CAR is getting there
[10:37] {Threei}  watch SPY for hguidance
[10:37] {Threei}  CAT, not CAR
[10:37] {Threei}  if loses .90, setup is invalidated
[10:37] {magoo} vad, mkts may pllbk here
[10:41] {Threei}  CAT becomes interesting
[10:42] {Threei} Long Setup:  CAT  .75 break
[10:42] {Les} GLD/GDX looking breakdownish GLD especially
[10:42] {Threei}  if stays above .65
[10:43] {Threei}  invalidated but not off radar
[10:43] {Les} hooly cow GLD
[10:43] {Les} gdx
[10:44] {Les} sorry
[10:45] {RonS} It's Over-  Roy Orbison
[10:45] {Threei}  Preview: (US) Treasury coupon announcment expected at 11ET
[10:45] {Threei}  - analysts generally expect a small cut to the 3-year auction while the 10 and 30-year reopenings are likely to remain unchanged. Expect $32B 3-year, $21B 10-year and $13B 3-year for a $66B package that includes just under $54B in new money.
[10:45] {Les} gdx .60 b/d?
[10:46] {Threei}  probably
[10:46] {Les} hopefully bounce for stop first
[10:48] {Les} lvs .90 b/d?
[10:49] {Threei}  I believe so
[10:52] {Les} nein, nein and nyet
[10:55] {davd} cat invalidated threei?
[10:55] {davd} sorry - yes invalidated
[10:55] {strider} HD
[10:56] {khaln} .
[10:57] {Les} GDX
[10:57] {Les} gLD
[10:58] {Threei}  could easily turn out bouble bottom GLD
[10:58] {Threei}  hard to tell
[10:58] {Threei}  50/50
[10:58] {Les} is that like a bubble butt?
[11:00] {ese} Ron.  Roy Orbison is pushing daisies isn't he?
[11:01] {davd} in HD .70
[11:01] {Threei}  (US) Treasury to sell $32B 3-year and $21B 10-year notes, and $13B 30-year bonds (related TLT SHY )
[11:01] {strider} I see HD as a short
[11:01] {Threei}  me too
[11:01] {davd} out hd stopped
[11:02] {RonS} ya unfortunately ese...the guy woulda been as big as Elvis if he did not have the eye problems..
[11:02] {RonS}
[11:02] {davd} me too :/
[11:02] {RonS} Roy with the Travelin Wilburys was the best...
[11:02] {ese} L sndk .83
[11:03] {Les} gold trashing day
[11:03] {Threei}  GDX broke
[11:03] {Threei}  barbaric relic
[11:03] {Threei}  there, I did my part
[11:03] {Les} you take it?
[11:03] {Les} cool
[11:04] {Threei}  GLD has goldbugs on ropes today
[11:04] {Threei}  did they start screaming "manipulation" yet?
[11:04] {ese} daaaaaaaaaa!!!!!!!!!!!!!! out sndk .70 -.13
[11:04] {khaln} lvs.?
[11:04] {Les} works nicely now frikin SOB lvs
[11:05] {Les} nice selling vol. on break
[11:05] {Threei}  don't see clear play on it khaln
[11:05] {khaln} thx
[11:05] {ese} ya ...i really liked the travelling W's
[11:08] {Threei}  panic GLD
[11:09] {magoo} GLD call is for panc?
[11:10] {Threei}  panc, you better change that nick... magoo won't let it go until he chews through your throat
[11:10] {magoo} sorry
[11:10] {magoo} but its true
[11:10] {Threei}  and yes, he will apologize every time
[11:10] {_panc} yes, I know. Next nick will be "euphoria" :-)
[11:10] {Threei}  lol
[11:11] {magoo} mkts look like rolling over here
[11:12] {Les} q's still holding out
[11:15] {Les} gld has another 1.50 to gap closure. could get interesting
[11:16] {Les}
[11:16] {Les} pretty ugly
[11:19] {Threei}  GLD bounce time IMO
[11:20] {magoo} u thinkin it holds 130?
[11:20] {magoo} futes getting crushed
[11:20] {Threei}  yes, just want SPY to cooperate
[11:20] {magoo} dont see spy coop
[11:20] {Threei}  feels like last shakeout
[11:20] {Threei}  then ramp up
[11:21] {magoo} let me know when in
[11:21] {Threei}  now IMO
[11:21] {Threei}  stop under 130
[11:22] {magoo} in .08
[11:22] {Threei}  sshould do something like .40 easy
[11:24] {Threei}  1:1
[11:24] {Threei}  1:2
[11:25] {Threei}  how about that timing and intuition about last shakeout?
[11:25] {magoo} perfect, ty
[11:25] {Threei}  welcome
[11:26] {RonS} ...all hale 3i...
06[11:26] * Threei takes a bow
[11:27] {Les} hehehe yeh some great reads this last week
[11:27] {Threei}  1:3
[11:27] {Threei}  .40 target is here
[11:29] {jfjf64} nice
[11:29] {jfjf64} ran  kgc up
[11:29] {jfjf64} with  ya  call gld
[11:29] {jfjf64} 5000 babbies
[11:29] {jfjf64} ty
[11:30] {Threei}  welcome sir
[11:30] {RonS} wow jf gj
06[11:31] * Threei slaps jfjf64 around a bit with a large roll of cash
[11:31] {magoo} dats DATS how ya do it
[11:32] {jfjf64} what  made ya  think  bounce
[11:32] {jfjf64} that question
[11:32] {jfjf64} i need to learn
[11:32] {jfjf64} lol
[11:33] {Threei}  you don't want to hear an aswer
[11:33] {jfjf64} wanna shoot myself
[11:33] {Threei}  but I'll give it to you anyway
[11:33] {jfjf64}  didnt  partial
[11:33] {jfjf64} got out  in  full 18.97
[11:33] {Threei}  there are things I can put in words, in strictly defined setups
[11:33] {jfjf64} answer pls
[11:34] {magoo} ouyt here .46
[11:34] {magoo} ty
[11:34] {magoo} no pain
[11:34] {Threei}  :)
[11:34] {jfjf64} gj  magoo
[11:35] {Threei}  and there are things that work on deeper level than logic, parameters, defined criteria and "programmable" actions
[11:35] {Threei}  intuition based pn 14 years of exxperience
[11:35] {Threei}  arriving to a conclusion thanks to huge arsenal of recognizable situations
[11:35] {jfjf64} sometime  trust  GUT
[11:35] {magoo} suubliminal pattern recognition
[11:35] {jfjf64} correct
[11:35] {Threei}  yup
[11:36] {Threei}  when I can define it, I make colored alert call
[11:36] {Threei}  in some cases I can't
[11:36] {Threei}  I just look at the chart and see how it's going to unfold
[11:36] {Threei}  this was one of them
[11:36] {Threei}  you noticed,
[11:36] {jfjf64} looks  lk set up  again
[11:36] {jfjf64} kgc
[11:36] {RonS} aka pattern recognition...
[11:36] {Threei}  right after I said it, SPY made sharp red bar
[11:37] {Threei}  and I said
[11:37] {Threei}  [11:20] {Threei} feels like last shakeout
[11:37] {Threei}  [11:20] {Threei} then ramp up
[11:37] {Threei}  [11:20] {Threei} feels like last shakeout
[11:37] {Threei}  [11:20] {Threei} then ramp up
[11:37] {Threei}  sorry for double
[11:37] {Threei}  if I said I had a method to read why it was a shakeout and not another step down, I would be lying
[11:37] {Threei}  I have no idea
[11:37] {RonS} my take jf fwiw:  there are spike/drop reversals, and wave reversals
[11:38] {jfjf64} fwiw
[11:38] {jfjf64} like
[11:38] {jfjf64} took
[11:38] {jfjf64} few  seconds
[11:39] {RonS} gld was a wave reversal.  since the 4th selloff wave came so early in the day it increased thwe chance of a reversal here rather than a 5th wave down...
[11:40] {RonS} ...there are rarely more than 5 waves intraday...
[11:42] {jfjf64} didnt  read  that  in  3i  book
[11:42] {jfjf64} lol
[11:42] {jfjf64} ty
[11:43] {Les} Ron would you mind pointing out the waves please? I'm interested in what you see
[11:43] {Les} can you paint them in and save the page?
[11:44] {RonS} like i said "my take"...
06[11:44] * magoo slaps Les around a bit with a large trout
[11:44] {Les} piss off mags
[11:44] {magoo} got your back ron:)
[11:45] {Les} sure, wanna see how you interpret your waves, is all. You see 4 of them here in GLD...
[11:45] {Threei}  my view, and admittedly unpopular, is:
[11:45] {RonS} Les my criteria is rough...essentially it is a drop and basing for a single wave, for the next it needs to go below the first etcetera
[11:45] {Les} wish we could upload like we used to
[11:45] {Threei}  you can count waves in any way you like
[11:45] {Les} aaah ok
[11:46] {Threei}  there are as many ways to do it as there are people who apply them
[11:46] {Threei}  and they are always obvious after the fact
[11:46] {Threei}  but I aam yet to see any consistent application of them before the fact
[11:48] {Threei}  here is the thing to ponder though
[11:48] {larisa} "having no idea" is more consistent ? :)
[11:48] {larisa} just kidding, do not kill me, great call :)
[11:48] {Threei}  in the end, any method of TA ultimately is a method of visualizing things in a form that makes it easier for us to comprehend the action
[11:49] {RonS} btw, i only do the wave thing intraday...and the count on gld so early is very rare.  That plus 3i's "unconcious competance" of pattern recognition promted me to act
[11:49] {RonS} prompted
[11:49] {Threei}  so if waves or Fibs or golden ratio or moon cycles help you see the rhythm - use it
[11:50] {Threei}  I just hate it when waves theorists spew the nonsense about 150 years cycles, lol
[11:50] {magoo} really, what ron sees as waves may be HIS subliminal pattern recog
[11:50] {Threei}  DOW formed 80 years wave, which is fifth one counting from 380 years ago?
[11:50] {Threei}  bs, me says :)
[11:51] {jfjf64} lol
[11:51] {Threei}  and larisa... don't tell me who to kill and who not to... I'll kill whoever I please
[11:51] {jfjf64} wow
[11:52] {larisa} nah, not afraid :)
[11:52] {Threei}  I know... this is how I epxress my being scared :)
[11:52] {larisa} lol
[11:53] {Les} LVS
[11:53] {Les}  .85 b/d?
[11:53] {RonS} jf...ever heard of the Levels of Competance:  1. Unconcious Incompetant  2.  Concious Incompetant  3.  Concious Competant  4.  Unconcious Competant
[11:53] {Threei}  and to answer... no, "having no idea" is not very consistent - how often do you see me making this kind of call? :)
[11:54] {Threei}  yes Ron... nemo's fan of that definition
[11:54] {Threei}  LVS, no
[11:54] {Les} LVS looks like breakout
[11:54] {Les} but market is a$$, as mags likes to say
[11:54] {Threei}  breakout maybe
[11:54] {Threei}  breakdown, no
[11:54] {RonS} ...what makes 3i rare is that he is in Stage 4, but can still express for the most part what makes him competant.  Most Stage 4's and are in a state of zen and have long forgotten what makes them competant
[11:55] {Les} yeh ok
[11:55] {Threei}  hmm... being rare makes me fearful
[11:56] {Threei}  am I about to extinct?
[11:56] {RonS} ...the only thing i fear is Larissa...:D
[11:56] {Les} I'd like to think I'm conscious incompetent but Vad hits me so often with 2X4 that I fear unconsciousness and greater incompetancy
[11:56] {Threei}  you should... I know I am
[11:56] {RonS} that is funny Les...
[11:57] {Threei}  concussion can only help les
[11:57] {Threei}  I sholuld say, occassional concussion... sounds smooth
[11:57] {Threei}  rolls of the tongue easy
[11:58] {Threei}  occassional concussion leading to unconsciousness
[11:58] {Threei}  say that three times fast
[12:10] {ese} L teva .52 L sndk 39
[12:17] {ese} out teva .58 +.06
[12:19] {Les} SLV
[12:20] {Les} b/d?
[12:20] {Les} right here
[12:20] {Les} ?
[12:20] {Threei}  too sharp into support
[12:20] {Les} ok
[12:20] {Threei}  little bounce firts, then break
[12:20] {Threei}  I would be more enchanted with it
[12:20] {Threei}  like this
[12:26] {Les} GLD
[12:26] {Les} leading the way
[12:28] {ese} sndk stopped again .25 -.14
[12:31] {Les} bingo
[12:33] {davd} dollar leading the way, gld following.
[12:35] {magoo} GLD crushed
[12:35] {RonS} yep...euro lost 1.39 now 1.3846...and v yen from north of 115.5 to 114.35
[12:36] {magoo} mkt is ass
[12:37] {davd} funny, when gld drops everyone calls a top - genious!
[12:37] {Threei}  but of course
[12:38] {Threei}  didn't you know, out of 10 analysts 11 called 2008 crash?
[12:38] {Threei}  of course we found out about their csll in 2008
[12:38] {Threei}  2009
[12:38] {Les} right you are davd, but I was watching GLD lead SLV into the drop...
[12:39] {davd} aha!
[12:39] {Les} SLV is more strongly defended I see
[12:40] {magoo} mkts looks like ASS here
[12:40] {Les} :)
[12:40] {magoo} 61 red
[12:42] {RonS} hike
[12:46] {RonS} ya think:
[12:52] {RonS} yes Virginia, there is no inflation (except for food, energy, insurance, education, and government):
[13:53] {larisa} .
[13:54] {Threei}  good point
[13:56] {Threei} Long Setup:  GLD  .35 break
[13:56] {Threei}  half lot
[13:57] {ese} in
[13:57] {Threei}  .25 support for stop placement
[13:58] {ese} you betcha
[13:59] {Threei}  1:1
[14:00] {ese} out .46
[14:00] {ese} tks vad........gotta go  catch you tomorow
[14:01] {Threei}  :)
[14:02] {Les} nice. was watching TNA .75 break when it failed 1:30pm. missed the break due to dinner
[14:02] {Les} love the jabs and false punches thrown by the market
[14:03] {Les} a sneaky SOB
[14:03] {Threei}  delightful in its treacherousness
06[14:04] * Threei envisions Ron blacking out
[14:05] {RonS} ...from boredom?
[14:06] {Threei}  I actually meant my poetic prowess... but whatever
[14:06] {Threei}  sniff sniff
[14:09] {Les} touché Ron
[14:10] {RonS} your command of the language is impressive 'cept when  you get in that yoda syntax mode...
[14:13] {jfjf64} 3i  still in  gld
[14:13] {Threei}  half
[14:13] {jfjf64} nice
[14:13] {RonS} euro recaptured 1.39
[14:13] {Threei}  and I am too busy looking up :yoda syntax mode"
[14:13] {jfjf64} you nuts lost me
[14:14] {RonS} speech pattern of yoda the Star Wars character...
[14:14] {jfjf64} ahhh
[14:14] {Les} lol Yoda was a Russian!
[14:14] {Threei}  I have to admit... I asm blisfully unaware of it
[14:14] {jfjf64} yeah
[14:14] {Les} a friggin green little commie
[14:14] {jfjf64} yoda a russian
[14:15] {jfjf64} what wd stallin think
[14:16] {jfjf64} gld  breaks  .58  good by
[14:16] {jfjf64} imo
[14:17] {jfjf64} wher is stop  3i
[14:17] {jfjf64} .44
[14:17] {Les} yeh unfortunately I don't know mechanics of english so I can't explain how you write vad
[14:17] {Les} but I admire it and startin to copy it
[14:17] {Les} fast and practical
[14:18] {Threei}  1:2
[14:18] {Threei}  so stop is under 1:1 now
[14:19] {jfjf64} hmm  yoda
[14:19] {Threei}  it's easy Les
[14:19] {Threei}  close your eyes and hit keys randomly
[14:19] {Threei}  open your eyes and see what transpired
[14:19] {Threei}  sometimes it makes sense - then copy it and paste into draft of your next book
[14:20] {Threei}  dismiss the rest
[14:20] {Threei}  discard even
[14:20] {magoo} vad, r u really writing a new book
[14:21] {Threei}
[14:21] {Threei}  not as much a book as on online course
[14:21] {magoo} christ, i haven't read your last 3 yet
[14:22] {Threei}  so why are you so worried... that will be 4th unread, that's all
06[14:22] * Threei slaps magoo around a bit with a large book of Techniques of Tape Reading
06[14:22] * Threei slaps magoo around a bit with a large Master Profit Plan
06[14:22] * Threei slaps magoo around a bit with a large scalping course
[14:23] {Threei}  see? all I will have to do is a slap with A Taoist Trader course, and you are all set
[14:23] {magoo} ive been slapped by them many times before...just never opened them
[14:23] {Threei}  neither did I
[14:26] {jfjf64} 3i  little previw  4 us
[14:27] {Threei}  O posted some yesterday... Ron is still having heart attack
[14:27] {jfjf64} o
[14:27] {Threei}  and karisa went to check for food poisoning
[14:28] {Threei}  larisa too
[14:28] {RonS} my favorite republican:
[14:29] {Les} hold on Vad
[14:29] {Les} hard to ask my schoolteacher wife
[14:29] {Les} what it means to speak like you
[14:29] {Threei}  doesn't work Ron
[14:29] {Les}
[14:30] {Les} so you often skip definite and indefinite articles
[14:30] {Les} when writing
[14:30] {Les} the, a
[14:30] {Threei}  yes, most russians do
[14:30] {Les} etc
[14:30] {RonS} hmm, works for me...reuters story that Chris Cristie is cancelling a big project
[14:30] {Les} yes, this is what I wanted to ask
[14:30] {Threei}  this is a concept that is absolutely foreign to russians
[14:30] {Les} how is it in yourlanguage?
[14:31] {Threei}  there is no such thing at all
[14:31] {Threei}  A and THE is something we just don't get
[14:31] {Les} so "a" cat is...?
[14:31] {Threei}  cat
[14:31] {RonS} lol
[14:31] {Les} :)
[14:32] {RonS} reminds me of Abbot and Costello
[14:32] {Threei}  all who edit my writing always have about 80% of what they do in putting those As and THEs in place
[14:32] {Threei}  for us they carry no meaning
[14:32] {Threei}  so we tend to mix them or skip them altogether
[14:33] {Les} strange. I just can't picture "cat"
[14:33] {RonS}
[14:33] {Les} the cat, a cat, my cat yes...
[14:33] {Threei}  well, then explain the difference between a cat and the cat :)
[14:33] {RonS} genric v specific
[14:34] {RonS} generic
[14:34] {Threei}  no, I understandf that
[14:34] {Threei}  but when Les says "picture", I suggest a visual :)
[14:34] {Threei}  "cat came close"
[14:34] {Threei}  "a cat came close"
[14:34] {Threei}  "the cat came close"
[14:35] {Threei}  I pictuire the came cat in all three instances :)
[14:35] {Threei}  the same
[14:35] {Les} fascinating
[14:35] {RonS} ...the French started all of it trying to get laid...imo
[14:36] {Threei}  lol
[14:37] {RonS} ...if you have not seen it 3i, you gotta watch that Abbot and Costello bit...a classic
[14:37] {Les} how do you differentiate between a cat you know and a cat you don't know...?
[14:37] {Les} i.e., a cat or the cat?
[14:37] {Threei}  I put the name or qualifier
[14:37] {RonS} ...who's a cat...
[14:38] {Les} so your cat or the neighbours cat etc?
[14:38] {Threei}  my cat
[14:38] {Threei}  her cat
[14:38] {Threei}  unknown cat
[14:38] {Threei}  felix the cat
[14:38] {RonS} cat in the hat
[14:39] {Threei}  who's on first.. I know that one, Ron :)
[14:39] {Les} ok so russian requires a qualifier or further info.... ok
[14:39] {RonS} good 'nuff
[14:39] {Threei}  or it's just understood by default Les
[14:40] {Les} sure that I can understand
[14:40] {Threei}  you can tell a story about you walking somwhere, and say
[14:40] {Threei}  black cat peeked from around the corner
[14:40] {Threei}  it will be clear
[14:40] {Threei}  from the cotext, whether you knew the cat or not
[14:41] {RonS} ...but which corner?...:D
[14:41] {Threei}  THE corner :)
[14:42] {Threei}  but whatever you do, never ever say "a larisa"...
[14:42] {RonS} ...anyway, language is about as clear as mud...or as bill clinto said "it depends on what is is"
[14:42] {RonS} clinton
[14:43] {Threei}  I have a lot pf sympathy to those who study Russian
[14:43] {RonS} ...and "when they asked if i have sexual relations i thought they meant sex with my relations...
[14:44] {khaln} lol
[14:45] {Les} hehehe
[14:52] {RonS} 3i, do you think tivo is winding up for a move?
[14:53] {Threei}  could be... seems like binding its time
[14:53] {Les}
[14:54] {Les} seems congress trying to do its usual routine
[14:54] {Les} screwing the people
[14:55] {Les} GLD .43 b/d vad u like?
[14:56] {Les} oooh yeh
[14:56] {magoo} vad, mkts sell intop bell?
[14:56] {Threei}  nah
[14:56] {Threei}  sideways
[14:56] {magoo} we in anything?
[14:57] {RonS} The American Republic will endure until the day Congress discovers that it can bribe the public with the public's money.
[14:57] {RonS} Alexis de Tocqueville
[14:57] {Les} didn't take them long to figure it out
[15:02] {Threei}  Kenyan Polygamist Dies After Marrying 100 Wives
[15:02] {Threei}  good to know... I'll stop at 99
[15:03] {RonS} lol
[15:03] {khaln} heheh
[15:03] {RonS} guy must have been deaf...
[15:03] {Threei}  but will keep a candidate for 100th close at hand, as an easy way out
[15:04] {Les} I thought you were going to die in front of your screen leading us to profits 50 years from now
[15:04] {RonS} consumer credit report 3i?
[15:04] {Threei}  why would I want such a horrendous death
[15:04] {Threei}  and life
[15:05] {Threei}  *(US) AUG CONSUMER CREDIT: -$3.3B V -$3.5BE
[15:05] {Threei}  non-event
[15:05] {Threei}  Prior revised to -$4.1B from -$3.6B prior
[15:05] {Threei}  - Total consumer credit annual rate -1.7%
[15:05] {Threei}  - Revolving credit -$5B (23nd straight decline; longest decline on record); -7.2% annual rate.
[15:05] {Threei}  - Non Revolving credit +$1.6B; +1.2% annual rate.
[15:05] {Threei}  Consumer Credit has declined for 21 of the last 23 months since the beginning of the credit crisis. During this period, monthly credit has only risen in the months of Jan 2010 and Jan 2009.
[15:06] {RonS} txs
[15:11] {RonS} adbe halt
[15:12] {magoo} circuit breakrer halt
[15:12] {Threei}  ADBE Strength attributed to positive comments from NYT technology section
[15:12] {Threei}  - Will resume 15:13:03
[15:13] {Threei}  - Speculates about topics of conversation at recent meeting between top execs at Adobe and Microsoft. Discussed strategies for teaming to combat Apple's dominance in the mobile device market. Speculates a merger may have been discussed as one option at the meeting that lasted over one hour.
[15:13] {RonS} trading...
[15:15] {Les} lol they'll have to stop it again...
[15:16] {Les} wow huge gap to fill
[15:18] {RonS} gap fill is my #2 pet peeve; with #1 being all of the bozos saying "clearly"
[15:19] {Les} clearly adbe has a large gap to fill
[15:19] {RonS} ouch
[15:19] {Les} :)
[15:20] {Les} outta here. c u's tomorrow.
[15:20] {magoo} bye les
[15:20] {Threei}  take care les
[15:32] {larisa} Nasdaq launching market based on size, not speed?  what did I miss?
[15:32] {magoo} huh?
[15:33] {larisa} did not hear what CNBC was talking about, just saw headline
[15:33] {Threei}  I don't understahd what it means
[15:34] {larisa}
[15:38] {Threei}  so far, from what I see it's of no consequence for us
[15:38] {Threei}  ty larisa
[15:38] {larisa} yes, headline scared me :)
[15:38] {Threei}  good to know ehat's happening
[15:44] {Threei}  ALK Moves lower on report that CEO is subject of SEC trading probe (47.38, -1.37, -2.81%)
[15:48] {Threei}  OSIS Rapiscan Unit awareded $24.2M contract from Dept of Homeland security
[15:48] {Threei}  Awar for X ray system for improving its inspection of cargo conveyances arriving in the United States at various CBP ports of entry (POEs)
[15:48] {Threei}  - Note: OSIS reports approx $150M in revenues per quarter
[15:54] {RonS} scalped .70 on aks short...thanks 3i
[15:54] {Threei}  :)
[15:55] {jfjf64} good day all
[15:55] {RonS} cya jf
[15:55] {Threei}  take care jf
[15:56] {jfjf64} cya RS
[15:57] {davd} good evening all!
[15:57] {RonS} same here all...
[15:58] {Threei}  thank you all
[15:58] {Threei}  have a good evening, see you tomorrow
[15:59] {larisa} bye :)
[16:02] {magoo} AA halt
[16:02] {magoo} sheesh