was buying 38.20 break if 38.10 support held which would give us nice tight 10 cents stop. Another downtick made us recalibrate the setup - it turned into 38.15 as long trigger with stop at 38.05 (under the low of 38.07 at the moment). Next bar triggered the entry, and chart tells the rest of the story. Note the volume drying up on the last leg of selling, indicating that sellers run out of steam.
Session Time: Tue Oct 12 00:00:00 2010
[08:11] {magoo} morning
[08:25] {kowboy} gm
[08:25] {Threei} Good morning
[08:26] {magoo} :)
[08:28] {Threei} Dealer chatter on the upcoming EU Commission Crisis Management report
[08:28] {Threei} - Chatter circulating that EU regulators could seize powers to take control of banks
[08:28] {Threei} - Supervisors may appoint a "special manager" to take over a bank that doesn't meet capital standards and hasn't submitted a "credible restoration plan"
[08:29] {Threei} imbeciles
[08:33] {Threei} THLD Presents Follow-Up Data From A Phase 1/2 Clinical Trial Of TH-302 In Solid Tumors (1.27, 0.00, 0.00%)
[08:39] {magoo} AVP news vad
[08:41] {strider} morning guys. What do you use as proxy for the dollar?
[08:41] {magoo} i dont follow it
[08:42] {Threei} UUP strider
[08:42] {strider} thx
[08:42] {Threei} AVP Daily Mail citing an unnamed source that L'Oreal may be considering acquiring Avon for $44/share (about a 33% premium to prior close)
[08:42] {Threei} AVP L'Oreal Spokesperson: We do not comment on rumors in the press
[08:45] {magoo} ty
[08:48] {jfjf64} mornin
[08:48] {Threei} jf :)
[08:49] {jfjf64} spy pre very active
[08:51] {ese} morning
[08:51] {jfjf64} ese
[08:57] {ese} got stopped out of rimm end of the the day yesterday....no biggie .70 -.19 1/2 lot
[09:02] {Threei} morning ese
[09:06] {ese} morning vad
[09:07] {RonS} gm ladies, gents & otherwise
[09:08] {Threei} {Otherwise} hi Ron
[09:12] {RonS} LOGI...fail to grasp the reason for the move...
[09:13] {ese} ron
[09:14] {Threei} I don't see anything on it
[09:15] {strider} om: Logitech unit, VBrick Systems announce partnership
[09:15] {strider} : Logitech unit, VBrick Systems announce partnership
[09:15] {strider} IP video technology leader VBrick Systems announced a partnership with LifeSize, a division of Logitech, to extend high-definition IP video delivery within the enterprise. :theflyonthewall.co
[09:16] {RonS} saw it...do not understand it...(so it must be good)
[09:16] {RonS} avp...breakout open
[09:16] {lilyd} good morning!
[09:16] {Threei} lily :)
[09:17] {RonS} syna...breakdown open
[09:18] {magoo} news SOLF vad?
[09:19] {Threei} Solarfun Power Holdings Reports completion of its capacity expansion plan and further expansion plans
[09:19] {Threei} - Announced that it has already reached its 2010 year-end target of 360 MW in ingot manufacturing capacity, 400 MW in wire saw capacity, 500 MW of cell capacity and 900 MW in module capacity. This represents increases of 100 MW in cell capacity and 200 MW in module capacity compared to the end of the second quarter of 2010. As announced in the Company's press release dated July 19, 2010, the cell capacity is scheduled to increase to 550MW by early in the first quarter of 2011 through debottlenecking and the enhancement of manufacturing processes.
[09:19] {davd} gm all
[09:20] {Threei} davd :)
[09:20] {RonS} ...now that's a lot of Fun...
[09:21] {RonS} csx earnings detail should cast important info on the state of the economy...reports ah
[09:22] {ese} how so
[09:22] {RonS} Fed minutes at Noon eastern
[09:23] {RonS} ese, comments on the carriage detail re base materials being exported vis general traffic and autos and domestic builking materials
[09:23] {RonS} building
[09:24] {Threei} RIMM woke up and went green
[09:24] {Threei} LVS consolidation under .40, and big offer there
[09:24] {RonS} base materials...ie coal in the csx case...ag and iron ore in ther rails case
[09:25] {RonS} other
[09:25] {ese} hmmmmm
[09:26] {RonS} ya know, it is amazing how crappy the US railroads were for decades and how good they are now
[09:26] {khaln} g morning
[09:26] {Threei} khaln :)
[09:27] {RonS} i can remeber when something went on the rail system and noone had any idea where the stuff was
[09:28] {RonS} stuff would show up 3-4 weeks late regularly
[09:28] {larisa} gm :)
[09:29] {Threei} larisa :)
[09:29] {larisa} :)
[09:30] {Threei} where is dino
[09:30] {Threei} I saw his connecting a few min earlier
[09:30] {Threei} fell asleep again? :)
[09:30] {Les} morning all
[09:30] {Threei} les :)
[09:30] {magoo} should be home vad
[09:30] {Les} where's the fish? he here?
[09:31] {magoo} think he got in last nite
[09:31] {Les} You awake there nemo?
[09:31] {nemo} yeah
[09:31] {Threei} RIMM, watching for long on sharp pullback
[09:32] {Threei} about .55
[09:33] {Threei} doesn't want to
[09:33] {Threei} LVS, bounce candidate
[09:33] {magoo} lvs clocked
[09:33] {ese} wheres mags??????????????
[09:33] {Threei} dive under .20 holding .10, .20- cross for long trigger
[09:33] {ese} i hate rimm
[09:34] {ese} look at that blasted thing
[09:34] {magoo} F crushed
[09:34] {Threei} LVS invalidated
[09:35] {Threei} .15 break
[09:35] {Threei} .05 stop
[09:36] {Threei} 1:1
[09:36] {magoo} wynn dollar pop
[09:37] {Threei} 1:2
[09:37] {Threei} 1:3, out in full
[09:37] {magoo} out .43 TY
[09:37] {Threei} welcome
[09:38] {magoo} i knew u could do it :)
[09:38] {jfjf64} ty
[09:39] {Threei} wow, 1:4
[09:39] {magoo} casinos AGAIN
[09:39] {strider} S
[09:39] {strider} YNA
[09:39] {strider} SYNA
[09:40] {jfjf64} rimm bounce
[09:40] {jfjf64} ??
[09:40] {Les} GDX
[09:41] {Les} and GLD
[09:41] {jfjf64} tight stop
[09:41] {jfjf64} .90 break
[09:41] {jfjf64} nope
[09:41] {jfjf64} gettin hit
[09:41] {Les} 49 b/d was nice
[09:42] {jfjf64} read rimm boss
[09:42] {Threei} .50 - .60 is the zone to look for bounce
[09:43] {jfjf64} ty
[09:43] {Threei} LVS is back to high
[09:44] {Threei} even while market is selling
[09:44] {Threei} this sector is in total euphoria
[09:44] {Les} how did it happen? analyst upgrades? revised earnings?
[09:45] {Threei} October 08, 2010 09:43:52
[09:45] {Threei} (US) Nevada reports August casino Rev $847M, +11.5% y/y; Las Vegas strip $546M, +21% y/y
[09:45] {jfjf64} wow rimm
[09:46] {jfjf64} lvs
[09:47] {Les} the suckers are back hey...
[09:47] {Les} PM miners are all downhill
[09:49] {Threei} LVS
[09:49] {Threei} Long Setup: LVS .50 break
[09:49] {Threei} if holding .40
[09:50] {Threei} invalidated
[09:51] {RonS} fast breakdown
[09:52] {magoo} red 90
[09:52] {magoo} mkts just feel jittery now
[09:52] {magoo} u think vad?
[09:53] {Threei} me? never
[09:53] {Threei} (US) Preview: Oct IBD/TIPP Economic Optimism Index due out at 10:00ET
[09:59] {lilyd} fcx?
[09:59] {Threei} LVS worked after all
[09:59] {Threei} but wasn't clear
[09:59] {jfjf64} yup
[09:59] {jfjf64} .35
[10:00] {jfjf64} hold .25
[10:00] {jfjf64} lol
[10:00] {Threei} GCX... was looking at it but numvers are too close
[10:00] {Threei} let's wait it out
[10:00] {magoo} cant get quotes on it bvad
[10:00] {Threei} FCX
[10:00] {ese} go fitb.......swing trade city
[10:01] {magoo} oh he he
[10:01] {Threei} *(US) IBD/TIPP ECONOMIC OPTIMISM: 46.4 V 44.5E
[10:02] {davd} out gld .62 +.48
[10:02] {Threei} gj
[10:03] {magoo} wynn xploded thru 102
[10:04] {Threei} Long Setup: CAT .85 break half lot
[10:04] {Les} mgm on a rip too
[10:04] {Threei} .70 support
[10:06] {Threei} 1:1
[10:08] {magoo} cat done?
[10:09] {magoo} was thinking .20 arrea
[10:09] {Threei} feels like can do more
[10:09] {magoo} wynn at it AGAIN
[10:12] {magoo} out WYNN .67 + buck
[10:12] {magoo} ty vad
[10:14] {magoo} im gonna be watching WYNN all day
[10:14] {magoo} could go HIGHER
[10:14] {Threei} here comes CAT
[10:14] {magoo} yes
[10:14] {magoo} cat
[10:15] {magoo} .33 area vad
[10:15] {magoo} 104 for sure WYNN
[10:16] {magoo} here kitty kitty ...c'mon
[10:18] {ese} sure am likin fitb
[10:18] {nemo} don't anybody look at the beautiful double bottom on TNA that has gone up $1.70
[10:19] {Threei} where were you at the time... {G}
[10:19] {nemo} on the frickin phone with my health insurance company...
[10:19] {magoo} OY
[10:20] {nemo} That's an understatement, cancellation, no vaseline
[10:20] {magoo} my sons OR bill for broken leg $5000
[10:20] {magoo} just the OR splint
[10:20] {magoo} not the actual doctors diag and cast
[10:21] {Les} damn u guys get screwed on healtjh
[10:21] {davd} adbe strong relative to market
[10:21] {magoo} $900 for splint
[10:22] {Threei} Short Setup: RIMM .80 break
[10:23] {Threei} if stays under .90
[10:23] {Threei} not a scalp
[10:23] {Threei} should do 1:2 easily
[10:25] {Threei} (US) White House: There are some drawbacks to any 'broad' moratorium on home foreclosures
[10:25] {Threei} some?
[10:25] {Threei} lol
[10:26] {magoo} idiots
[10:26] {Threei} total collapse - hhow's that for a drawback?
[10:26] {Les} lol Stalin wouldn't see that as a drawback vad
[10:27] {Les} perhaps the white house has been reading some history on how to screw people better
[10:27] {jfjf64} careful les
[10:27] {ese} L chk .95
[10:27] {Les} loving that book vad. Stalin was a really smart guy
[10:27] {Threei} if my feel is right, market should reverse back down here again,
[10:28] {Threei} SPY should lose 116
[10:28] {Threei} and go to about 115.85 in a hurry
[10:28] {ese} couldn't have said that 30 seconds ago.......ehhhh
[10:28] {Les} tza .05 break
[10:29] {Les} ?
[10:29] {ese} just as i go long.....ehhhhhhhhhhhh
[10:29] {Threei} I think so Les
[10:29] {Les} 5 cent risk
[10:30] {jfjf64} im in les
[10:30] {jfjf64} lets go
[10:30] {jfjf64} austilia frienfd
[10:30] {Les} lol how many times have I said don't listen to me jf
[10:30] {jfjf64} havnt inn while
[10:30] {jfjf64} lol
[10:30] {jfjf64} lk it
[10:32] {Les} IWM looking weaker
[10:32] {RonS} rig run
[10:33] {Threei} ok... that should be it for the bounce
[10:33] {Threei} die RIMM
[10:34] {Threei} you are so done
[10:35] {Les} IWM lost support
[10:35] {Threei} TZA shooting up
[10:35] {jfjf64} go tza
[10:35] {jfjf64} yess my austrilia pal
[10:35] {jfjf64} ty
[10:36] {Threei} SPY reversed down, lower high
[10:36] {Les} get back to grammar school jf and speak to me when you can write Australia correctly
[10:36] {Threei} need to lose 116 now to complete the plan
[10:36] {jfjf64} out
[10:36] {nemo} tna coming into support vwap is at .89
[10:37] {RonS} auzzzy jf
[10:37] {RonS} :D
[10:37] {jfjf64} auzzyyy lol
[10:37] {Threei} jf elects not to speak to you Les... you set the bar way too high {G}
[10:38] {jfjf64} first winner in a year ty
[10:38] {jfjf64} lol
[10:38] {jfjf64} good man
[10:39] {Threei} hmm
[10:39] {Threei} this spike out of nowhere, I don't like
[10:39] {Threei} no go RIMM
[10:39] {RonS} crazy quebecers...
[10:39] {jfjf64} yeah
[10:39] {jfjf64} crazy group
[10:40] {jfjf64} then ther is nemo
[10:40] {nemo} ;)
[10:40] {Threei} oh great
[10:40] {Threei} Research in Motion Ltd Large corporate clients are not concerned about the recent issues with Govt access to data
[10:40] {Threei} - Highlights Torch launch has been moving well
[10:41] {Threei} perfect timing to issue this fluffy piece and ruin our short
[10:41] {Threei} (US) House healthcare committee claims Aetna, Humana, Unitedhealth and Wellpoint denied coverage to 651K people with pre-existing conditions in 2007-09 period (related AET HUM UNH WLP )
[10:41] {nemo} FCX might be long break here, or becoming range bound
[10:42] {magoo} i i capn
[10:42] {nemo} it's right at 200 ma
[10:43] {Les} thats the 100 ma Nemo
[10:43] {nemo} break
[10:43] {Les} put yer glasses on
[10:44] {Threei} what the deuce
[10:44] {magoo} LVS big ripp
[10:44] {Threei} no news that I see
[10:44] {nemo} not according to my charts Les
[10:44] {nemo} if you took fcx, 50 has some offers might take some off here
[10:45] {nemo} .53 is pivot resistance
[10:52] {nemo} anybody take fcx?
[10:52] {ese} not i......my system is down
[10:54] {nemo} wasn't quite tna, but woulda' been good for .50
[10:55] {ese} chk to break even .95
[10:55] {magoo} im focused on casinos today
[10:55] {magoo} mgm lvs wynn
[10:56] {jfjf64} aapl
[10:56] {jfjf64} strong
[10:56] {jfjf64} mgm
[10:57] {Threei} FASB Issues Proposed Accounting Standards Update to Improve Financial Reporting about Troubled Debt Restructurings
[10:57] {Threei} - The Financial Accounting Standards Board (FASB) has issued an Exposure Draft of a proposed Accounting Standards Update (Update) intended to increase transparency in financial reporting about troubled debt restructurings.
[10:59] {RonS} woe to everyone that FASB became politicized and neutered during this whole fiasco
[11:00] {magoo} like RIMM sh .93
[11:01] {RonS} used to be one of the only organizations in the country that had any integrity
[11:01] {magoo} to like .80
[11:05] {RonS} bingo magoo
[11:06] {magoo} yes..out .80
[11:06] {magoo} ANYONE?
[11:07] {magoo} im changing my nickname
[11:07] {RonS} lol
[11:07] {magoo} to dino
[11:07] {RonS} rotflol
[11:07] {strider} or 'oogam'
[11:08] {magoo} no..then everyone would follow, take trades and luv me lol
[11:08] {RonS} ya, u would not want to suffer the fate of nemo
[11:08] {magoo} and mine are instant gratification typre trades
[11:09] {nemo} anybody know what nemo means?
[11:10] {RonS} man, lvs wants $40
[11:10] {Threei} not in era when education comes from cartoons, nemo
[11:10] {strider} omen spelled backwards
[11:10] {magoo} yup...saw the movie
[11:11] {nemo} I was just curious
[11:11] {magoo} just smacked WYnn .21 break to .47 FAST
[11:11] {nemo} What movie magoo? The Illiad and The Oddysey?
[11:11] {magoo} finding nemo
[11:11] {nemo} ahh
[11:12] {RonS} errr, would that not be two movies?
[11:12] {magoo} btw, luv TROY
[11:12] {nemo} Not if the budget isn't big enough
[11:12] {nemo} Yeah, Troy was fun
[11:20] {magoo} kinda stalking LVS as a short...notin
[11:26] {magoo} although 40 seems on deck LVS too
[11:26] {magoo} hello?
[11:27] {Threei} normally LVS sells off closer to eod, mags
[11:27] {Threei} but it's doing this last-gasp-moonshot
[11:28] {Threei} so becomes less predicatbl;le
[11:28] {magoo} ty, agrre, i mean im just thinking that
[11:28] {Threei} I know... just adding my observations to your process of, umm
[11:28] {Threei} whatever you guys call that thing
[11:28] {Threei} thinking?
[11:29] {RonS} divination
[11:29] {Les} TNA 51 break? Or is that a little too obvious?
[11:29] {Threei} chart is right... time is wrong
[11:31] {khaln} ,
[11:32] {RonS} could axp be flagging for a move?
[11:35] {ese} stopped even by the way chk .96 .00
[11:35] {Threei} I doubt it Ron
[11:38] {RonS} ya, why play that when gs is running into earnings...
[11:40] {Threei} (US) Follow up: Interior Department to make statement on offshore drilling at 13:00ET (related USO UNG OIH RIG )
[11:43] {RonS} ...related...http://tinyurl.com/2cv9x9a
[11:45] {RonS} ...a ban lift should be expected with the election coming? no?
[11:45] {RonS} rig price action saying so...
[11:50] {Les} APC catching on
[11:51] {Les} gdx rollover
[11:51] {Les} .75 b/d?
[11:52] {RonS} ...buy the rumor, sell the news. these bozos will not relinquish their stranglehold on tthe Gulf until there is a Rublican in the WH...and maybe not even then.
[11:53] {RonS} republican
[11:54] {RonS} Ken Salazar is an idiot. Total Dem apparatchik.
[11:54] {Threei} I'd muchg orefer .80 earlier Les
[11:55] {Threei} .75 is a bit labored
[11:55] {Threei} convoluted
[11:55] {Threei} contrived
[11:56] {RonS} contorted?
[11:56] {Threei} thank you
[11:57] {Threei} constipated!
[11:57] {Threei} finally I got it
[11:57] {RonS} lol, i was just trying to come with a c word that related...
[12:09] {ese} so far so good with fitb up.22 with 6k of it
[12:18] {Threei} Long Setup: LVS .30
[12:18] {Threei} if holding above .20
[12:18] {Threei} kind of discretionary call
[12:18] {Threei} only if you feel market is about to start new tally
[12:19] {Threei} (US) Fed's Hoenig: Fed may surprise the market from time to time, and be mindful of following the market's expectations too closely - Q&A
[12:19] {Threei} - There is a need for a comprehensive plan to handle the US defbt and deficits
[12:19] {Threei} really?
[12:21] {Threei} Tax increases in a fragile economic environment may hurt growth, Japan's QE programs placed the country in a liquidity trap
[12:21] {Threei} - Highlights that the initial crisis was caused by low rates and should not be repeated
[12:21] {Threei} wow
[12:21] {Threei} really?
[12:21] {Threei} that was fed's fault?
[12:22] {Threei} not just damn banksters who are naturallt born theives and enemies of everything human?
[12:22] {ese} in lvs.29
[12:23] {ese} 3/4
[12:24] {ese} wow....dems fightin words batman
[12:27] {Threei} that was tongue in cheek
[12:33] {ese} and thats where the tongue should be
[12:34] {Threei} it's just that since recently I decided to put in "idiot or liar" category anyone who says "banks caused crisis"
[12:34] {ese} lvs wants up....nice divergence between it and spy
[12:35] {Threei} eqzaktly
[12:35] {Threei} needs market to stop dropping though
[12:36] {ese} yup
[12:42] {Threei} 1:1
[12:42] {ese} out lvs .42 +.13
[12:42] {ese} tks vad
[12:42] {Threei} sure
[12:48] {patience} good morning guys
[12:49] {Threei} patience :)
[12:49] {patience} vad, there are 2 black bears roaming your neighbourhood
[12:49] {patience} have you been feeding them leftover bacon?
[12:50] {Threei} yeah right
[12:50] {Threei} I don't share bacon with my favorite cat, and that tells you something
[12:50] {Threei} not many himans can compete with that cat for my affection
[12:51] {Threei} US Interior Dept's upcoming announcement will reportedly remove moratorium on projects judged to be on the safer side - unconfirmed report (related USO OIH )
[12:51] {Threei} Ireland's Honohan: Government needs to find source of revenue to offset property tax slump
[12:51] {Threei} just invent new tax, jeez
[12:51] {Threei} people breathe, right?
[12:51] {Threei} tax that
[12:52] {larisa} tax all bacon-eaters :)
[12:52] {Threei} in Ireland, sure
[12:53] {Threei} just one more reason for me not to go there
[12:54] {Threei} Senator Dodd (D-CT): Total moratorium on foreclosures would be unwise
[12:55] {Threei} wow
[12:55] {Threei} Do you agree with Obama on issues that matter to you?
[12:55] {Threei} 55 % say nop
[12:55] {Threei} no
[12:55] {Threei} maybe America is not hopeless yet...
[12:56] {magoo} no...we atre
[12:56] {Threei} well, 40% do say yes
[12:56] {Threei} and this is scary high
[12:56] {magoo} u think o will be reelected
[12:56] {kowboy} Karl Marx is proud of us
[12:56] {RonS} they work for the government
[12:57] {Threei} reelcetion is another matter
[12:57] {Threei} depends on many other factors
[13:00] {Threei} in fact, if senate/house reshaping makes his agenda toothless, he may get reelected just on the idea of "you can do no harm anymore, now reperesent us nicely to the Europe and the rest of the world that seem to love you"
[13:00] {Threei} losing senate may be the best thing happening to him second term wise
[13:01] {Threei} another funny number
[13:01] {magoo} and lets face it..he doesnt REALLY care about issues, just geyt me reelected
[13:01] {Threei} who is better president:
[13:01] {Threei} J W Bush 45 %, Obama 47 %
[13:01] {Threei} who would have thought it will come down to just 2%
[13:02] {magoo} who is more attractive? j w bush or michelle obama? 50/50 split vad
[13:02] {Threei} lol
[13:02] {Threei} Most Voters Fear Health Care Law Will Cause Some Companies To Drop Employee Coverage
[13:02] {Threei} 55% Favor Repeal of Health Care Law
[13:03] {Threei} *(US) TREASURY'S $32B 3-YEAR NOTE AUCTION DRAWS 0.569%; BID-TO-COVER RATIO: 2.95 V 3.21 PRIOR AND 3.12 AVG OVER THE LAST 10 AUCTIONS
[13:04] {magoo} fomc minutes today boss
[13:06] {Threei} - Indirect bidders take 28.9% of competitive bids; direct bidders take 11.9% of competitive bids, dealers take 59.1%.
[13:06] {Threei} yeah
[13:15] {ese} I still think the US public is being a little too critical re Obama........he has one hell of a mess to clean up
[13:15] {Threei} sure ese, no one questions that
[13:16] {ese} but not just an economic mess
[13:16] {Threei} criticism is about how he elcts to do that
[13:16] {ese} a world opinion mess
[13:16] {RonS} ...and, pray tell, exactly what is he doing to clean anything up?
[13:16] {Threei} the ways he choses are seen as destructive
[13:17] {RonS} play golf...had 52 rounds so far during the term...
[13:17] {Threei} and having lived in the country that was built on ideas that he uses as his ideologic foundation and seen how it works and ends, I can't help but agree
[13:18] {Threei} his ideas ruin, not create
[13:18] {ese} hmmmmmmmm
[13:18] {Threei} (US) Secretary of Interior Salazar: Confirms lifting deepwater drilling moratorium under certain conditions for the companies that have met the "higher bar" of new safety requirements
[13:19] {Threei} this is pure and simple "let's take from rich and give to poor"
[13:19] {Threei} and this always ends in "let's take from working and give to lazy"
[13:20] {Threei} and this always trims down on the number of working and fattens the number of lazy
[13:20] {Threei} can you imagine country of 270 miliion where 90% just don't won't to work?
[13:20] {Threei} and do whetever they can not to work?
[13:20] {Threei} I lived there
[13:20] {Threei} trust me, not pretty
[13:21] {magoo} u lived in USA ?
[13:21] {ese} L csiq ..05
[13:21] {Threei} lol
[13:21] {Threei} you haven't seen anything yet mags... hopefuly won't
[13:22] {ese} i believe vads talking about his home country
[13:22] {Threei} give everyone minimum salary barely enough to live month to month,
[13:23] {Threei} forbid making more, literally, by means of law
[13:23] {ese} yup ...thats what happens to a teacher here in Canada
[13:23] {Threei} imprison for entrepreneurship
[13:23] {ese} can barely llive month to month
[13:23] {ese} have to depend on trading to make ends meet
[13:23] {Threei} and you get a herd of slaves, easy to manage
[13:24] {kowboy} yep Vad, productive people don't want socialism
[13:30] {ese} am not gonna have much time to participate in this conversion....but if socialism is done corectly.....it can be a good thing......al la Denmark
[13:32] {Threei} I don't know much about how exactly it's done over there
[13:32] {ese} have never seen a country where the population almost as a whole is concerned about the greater good
[13:32] {Threei} so I don'rt want to comment on that particular example
[13:33] {Threei} but there is huge digfference between small country like that, and huge conglomerates like USSR or USA
[13:33] {ese} have been twice now but will give some examples tomorrow......gotta go .....it's choir time...take care all
[13:33] {ese} oh ...for sure
[13:33] {ese} cya
[13:35] {Threei} Denmark, effective tax level is around 70 percent
[13:36] {Threei} 40 percent of its adult population live on government transfer income, full-time, all-year. A little more than a third of these people are pensioners and the rest are working age. About one third of the people who actually hold a job work for the government or government-owned companies.
[13:38] {Threei} I don't believe it's sustainable
[13:38] {Threei} it may feel nice and confortbale for a whgile, but sooner or later you run out of other people money
[13:42] {khaln} .
[13:43] {Threei} (US) New Jersey reports Sept casino rev $296M, -11.5% y/y
[13:43] {Threei} hmmm
[13:43] {Threei} seems Vegas wins competition
[14:01] {magoo} .
[14:01] {magoo} ,mimutes comith
[14:02] {Threei} *(US) MINUTES OF 9/21 FOMC MEETING: ADDITIONAL EASING MAY BE NECESSARY IF OUTLOOK WORSENS; IS APPROPRIATE IF GROWTH IS TOO SLOW (related SPY SHY EUR/USD TLT USD/JPY USD/CNY GBP/USD IYR IN )
[14:03] {Threei} Discussed steps to affect inflation expectations, including providing detail on inflation rates that are more in line with mandate, there is a small chance of deflation
[14:03] {Threei} - Members were not content with measures towards price stability and employment levels
[14:03] {Threei} - Mentioned how an increase in inflation expectations could help bring down short term interest rates and thereby stimulate the economy
[14:05] {Threei} mess
[14:06] {Threei} a lot of text
[14:06] {Threei} nothing meaningful
[14:17] {magoo} look WYNN, missed move
[14:27] {Threei} EUR/USD Reapproaches session highs following the FOMC statement
[14:33] {strider} GS
[14:33] {Threei} (US) FDIC board approves interim resolution rules for unwinding financial companies
[14:33] {Threei} - Adopts rule clarifying how the agency would treat certain creditor claims under the new orderly liquidation authority established under the Dodd-Frank Wall Street Reform and Consumer Protection Act. Rule clarifies that all creditors may take losses.
[14:35] {strider} AVP
[14:36] {Threei} starts feeling that primary direction for the rest f the day is down
[14:37] {Threei} I'd start looking for short on the next bounce
[14:37] {magoo} agree vad
[14:37] {Threei} Short Setup: LVS .10 break
[14:38] {Threei} if stays under .15
[14:38] {Threei} if goes to .20 or so, I will like aggressive entry
[14:38] {magoo} yea, like to see bounce .25..
[14:38] {magoo} then sh .20
[14:46] {magoo} nice vad..out
[14:47] {Threei} WYNN Hearing Buckingham making cautious comments (timing uncertain) (102.42, +0.64, 0.63%)
[14:50] {strider} y'all still in LVS?
[14:51] {strider} still breathin'?
[14:52] {Threei} magoo reported out
[14:52] {magoo} yea..out
[14:52] {strider} I'm out +.09, +.24
[14:52] {magoo} but feels lower off a bounce
[14:52] {Threei} nice
[14:53] {magoo} lvs thinking 38.50 area
[14:57] {strider} AVP pushing back toward 35
[14:57] {strider} l. sm. 34.16 probably a swing
[14:59] {Les} back from Aikido. how goes the day?
[15:00] {magoo} pretty good imo
[15:01] {Les} cool. I see the dip gets bought again today
[15:01] {Les} poor bears
[15:07] {Les} wondering if RIG is ready to come down
[15:07] {Les} .65 break?
[15:08] {Threei} hmm
[15:08] {Les} forget it
[15:08] {Threei} ok
[15:08] {Threei} ty
[15:08] {Threei} less load on my memory is always appreciated
[15:10] {Les} heck just go back to sleep
[15:10] {Threei} as if I ever wake up
[15:17] {magoo} mkts putting in double top or new highs boss}?
[15:17] {Threei} can't tell
[15:27] {Les} R2000 trailing S&P
[15:30] {strider} wow
[15:30] {Threei} squeeze
[15:59] {Les} night all. enjoy your evening
[16:00] {Threei} take care les
[16:00] {Threei} thank you all
[16:00] {Threei} have a good evening, see you tomorrow
[16:00] {larisa} bye :)
[16:01] {magoo} ty
