Monday, October 25, 2010

Oct 25 2010

Let's touch on the method of playing reversal (yes, again). In this particular case, there are are two concepts helping with structuring the play. First is lower highs - you can see first top formed at 39.88, then lower ones at .84 and .77. Next step is finding a trigger for entry. This is where old principle of "former resistance becoming new support" comes in play (attendees of Bahamas conference will remember the detailed explanation how and why it works). You can see 39.70 resistance formed earlier in the morning, and you can see how this level becomes a support of the descending triangle shaping up after the peaking out. Break of this support signals short entry. Chart shows the drop for 1:3 risk/reward where we closed the trade; stock proceeded to slightly more than 1:4 after that.
Once again I want to reiterate the underlying philosophical principle of finding the reversal trade: we do it on the right side of the actual reversal when the recognizable setup forms - as opposite to attempts to find the reversal point beforehand, on the left side.


Other than that, fair day for a Monday with 3 wins out of 4 triggered calls. 


Session Time: Mon Oct 25 00:00:00 2010
[06:08] {KSystems} morning
[08:43] {davd} watching uncle ben?
[08:50] {Threei}  why, is he dancing?
[08:51] {dino} gm all
[08:51] {Threei}  dino :)
[08:52] {davd} he's singing, about the mortgage foreclosures.
[08:52] {Threei}  thank goodness... him dancing would be oh so not pretty
[08:54] {Les} hey vad
[08:54] {Les} morning guys
[08:55] {Threei}  hey Les
[08:56] {Les} vad seeing some commentary elsewhere on overnight futures, been meaning to ask...
[08:56] {Les} u look into the overnight futures for the range as part of your morning warm up?
[08:57] {Threei}  unless I feel especially lazy :)
[08:57] {Les} is that the exception or more the norm? ;)
[08:57] {Threei}  it's one of indications of support/resistance levels, and not very significant one
[08:57] {Les} ah ok
[08:57] {Threei}  lol... good question
[08:58] {Threei}  some view those ogg-hours moves as a gospel
[08:58] {Threei}  it's just trading
[08:58] {Threei}  it's not like futs are being traded by some omniscient entities overnight
[09:01] {Les} ok ty
[09:02] {Threei}  and I saw some conspiracies gone wild
[09:02] {Threei}  like, powerful manipulators signalling one to another where they are going to take the market
[09:02] {Threei}  by touching some levels in overnight trading
[09:02] {Threei}  shrug
[09:03] {ese} morning
[09:03] {Threei}  ese :)
[09:04] {ese} vad
[09:04] {Threei}  so, anyone bothered to look what those irrelevant 20 decided over the weekend?
[09:05] {Threei}  btw ese, do I have a few photos of our favorite townfor you
[09:05] {Threei}  http://photography.realitytrader.com/
[09:06] {Les} nice. seen that weeping willow before in your photos. where is it?
[09:06] {Threei}  Victoria
[09:06] {Les} public garden?
[09:06] {Threei}  yes
[09:06] {Threei}  park
[09:08] {ese} wow vad...Beacon Hill park right?
[09:08] {Threei}  yes
[09:08] {ese} that first one is stunning.......with the rays of light......
[09:08] {Threei}  yes:)
[09:09] {ese} Break Water.......
[09:09] {Threei}  wow... these two points in G20 communique are, how to say it softly...
[09:09] {Threei}   Pursue our work decisively to tackle Non-Cooperative Jurisdictions.
[09:09] {Threei}  Recognizing the importance of enhancing public-private partnership to promote economic growth beyond the crisis
[09:11] {Threei}  things slowly become scary
[09:11] {ese} Vad.....where is that light house located
[09:11] {Threei}  breakwater area
[09:11] {ese} is that just south of oak bay?
[09:12] {Threei}  wait
[09:12] {Threei}  which photo are we talking?
[09:12] {ese} monday july 12 2010
[09:12] {Threei}  hold on, let me look
[09:12] {ese} heading....whales an other mostly seimming things
[09:13] {ese} and other mostly swimming things
[09:13] {Threei}  this one?
[09:13] {Threei}  http://2.bp.blogspot.com/_zmBuM5vzpKo/TDvugawr6xI/AAAAAAAAANA/6XBaX8Gyi7A/s1600/A7117181.jpg
[09:13] {ese} yes
[09:13] {Threei}  yup, a bit to the south of the golf course
[09:14] {ese} where were you when you took that......thats an angle i haven't seen
[09:14] {Threei}  on the boat :)
[09:14] {ese} ahhhhhhh
[09:14] {KSystems} morning
[09:14] {ese} ks
[09:14] {Threei}  ks :)
[09:16] {ese} that first one in beacon hill park takes the cake vad.......it's stunning the way you have captured the light rays
[09:18] {ese} am looking for some of Willows Beach sometime.......
[09:18] {Threei}  :)
[09:19] {larisa} gm :)
[09:19] {Threei}  larisa :)
[09:19] {larisa} vad :)
[09:19] {strider} FFIV
[09:27] {jfjf64} mornin
[09:28] {khaln} g morning
[09:28] {RonS} howdy
[09:32] {Threei}  jf, khaln, ron :)
[09:33] {Les} LVS pivot support .20
[09:34] {Threei} Long Setup:  RIMM  .55 break
[09:34] {Threei}  if stays above .40
[09:35] {Threei}  LVS got away, was thinking .35 break
[09:35] {jfjf64} in
[09:35] {Threei}  RIMM 1:1
[09:36] {Les} out. first win after getting back in. ty
[09:36] {Threei}  welcome
[09:38] {Threei}  LVS, watching for pullback into zone .20 - .30
[09:39] {Threei}  where I'll get interested
[09:41] {ese} out entr..82 +.76
[09:41] {Les} sweet
[09:41] {ese} 9k sweet
[09:41] {Les} ouch!
[09:41] {Les} weekend hold?
[09:42] {ese} yes......
[09:42] {ese} dangerous with g20 meeting
[09:42] {Les} understatement
[09:42] {Les} hi risk hi reward
[09:43] {ese} don't try this at home unless you have an account that could take a serious drawdown
[09:45] {dino} wtfg
[09:46] {ese} tks
[09:46] {jfjf64} amd
[09:48] {Les} banksters showing weakness BAC WFC
[09:48] {Threei}  (US) Preview: Sept Existing Home Sales due out at 10:00ET
[09:48] {Threei}  **Consensus expectation: 4.3Me v 4.1M prior
[09:49] {Threei} Short Setup: RIMM  .70 break
[09:49] {Threei}  if stays under .75
[09:49] {Threei}  ridiculously tight stop\
[09:49] {jfjf64} mks sence
[09:50] {Threei}  want double top play, agressively
[09:50] {Threei}  invalidated
[09:52] {Les} which chartserver vad?
[09:52] {Threei}  was a two-sided setup in rertospect
[09:52] {Threei}  just switch to any
[09:53] {dino} algn l .18
[09:54] {strider} $18?
[09:58] {dino} yes. .00
[09:59] {ese} L algn .02
[10:01] {Threei} Short Setup: ADBE  .10 break
[10:01] {Threei}  if stays under .20 for scalpers, .25 for day traders
[10:02] {Threei}  wow
[10:02] {Threei}  *(US) SEPT EXISTING HOME SALES: 4.53M V 4.3ME (% M/M)
[10:03] {Les} the consumer has a bit of resilience yet
[10:03] {Threei}  nice, doesn't even break .10 on market spike
[10:03] {Threei}  not a scalp
[10:03] {Threei}  with such relative weakness can do much better
[10:04] {Les} pivot support .02
[10:08] {ese} dino...you got a target for algn
[10:08] {dino} wanted hod+, but stalled
[10:09] {dino} needs to get thru .07
[10:10] {Threei} Short Setup: LVS  .70 break
[10:10] {Threei}  CRIS Ticks higher on report that FDA gave permission for use of GDC-0449 experimental cancer drug in a boy with brain cancer
[10:11] {Threei}  stop above .80
[10:15] {dino} algn to flat
[10:15] {Les} tighten up ADBE vad?
[10:16] {dino} ago drop
[10:16] {Threei}  to .20 for now, sure
[10:17] {Les} ok
[10:17] {Threei}  and to .15 as soon as loses 28
[10:17] {Les} banksters and AIG showing weakness
[10:22] {Threei}  LVS 1:1
[10:23] {Threei}  ADBE still needs market to break down decisively, but I rather like its weakness
[10:24] {dino} ago l .15
[10:27] {jfjf64} csco  5 mi
[10:27] {jfjf64} .91
[10:29] {strider} adbe stop still l.20?
[10:29] {strider} .20
[10:30] {Threei}  kind of matter of personal choice to keep it there or trail to .15
[10:30] {Threei}  but when breaks 20, trail for sure
[10:31] {Threei}  1:1 for scalpers
[10:34] {Les} I'd like to create new insult for english lexicon
[10:34] {dino} ago stopped
[10:34] {Les} "drop off a cliff index!"
[10:34] {Les} covered half .95 ty
[10:35] {Threei}  1:1 for day traders
[10:39] {Threei}  LVS 1:2
[10:41] {Les} all out .91 ty. taking the bird in hand and preparing dinner.
[10:42] {Threei}  hmm... fried pigeon?
[10:44] {Les} :P
[10:44] {Threei}  LVS 1:3, out
[10:46] {jfjf64} abx
[10:47] {jfjf64} .21 break short
[10:47] {dino} crus l .00
[10:47] {Les} earn a little money, missus is happy
[10:48] {Les} earn a little money, clean kitchen and cook, I AM GOD! in her eyes
[10:48] {Threei}  lol
[10:51] {dino} gj
[10:53] {Threei}  Sony stops prduction of Walkman
[10:53] {strider} SVNT halted
[10:53] {Threei}  oh no... how do I listen music now
[10:53] {Threei}  USGS: Magnitude 7.5 earthquake strikes Sumatra (related TAYD )
[10:58] {strider} c&h spy
[10:58] {Les} never mind vad, vinyl is making a comeback
[10:58] {strider} X short?
[11:00] {Threei}  not sure
[11:00] {Threei}  market seems to be reversing
[11:00] {Threei}  X can easily turn a trap if so
[11:00] {strider} K
[11:00] {strider} k
[11:00] {strider} :)
[11:02] {strider} .
[11:03] {Threei}  feels like strong snapback is coming
[11:04] {Threei} Long Setup:  FCX  .70 break
[11:04] {Threei}  half lot
[11:05] {Threei}  stop under .60 for scalpers, .55 for day traders
[11:06] {Threei}  no go
[11:08] {Les} market made X work like clockwork. pity it was ambiguous
[11:09] {Threei}  was a 50/50 shot as far as I am concerned
[11:10] {Les} yeh I saw what you saw
[11:11] {Les} and am happy that I can resist pressing the button for such half chances
[11:11] {Les} now
[11:12] {Les} this market has punished me enough for trying such moves
[11:16] {ese} stopped algn .60 -.40 1/2lot
[11:16] {ese} L entr .60
[11:17] {ese} a ton
[11:19] {ese} out 1/2 .66
[11:19] {ese} +.06
[11:27] {Les} wfc .80 b/d if market turns south? looks like it might drop regardless....
[11:28] {Threei}  looks like
[11:28] {Threei}  FAS may be better guide for WFC
[11:29] {Les} MACD bullish divergence occurring though in wfc. maybe a two way play
[11:31] {Threei}  market sure strenghtened
[11:31] {Threei}  and FAS is trying
[11:38] {Threei}  SVNT Provides Update on Strategic Alternatives Process; did not result in sale of company
[11:38] {Les} look at GS. flat
[11:39] {RonS} bid catching one
[11:43] {strider} wfc bid new low
[11:50] {Les} fas got plenty air under it strider, but indexes boxed in by MA support and resistance
[11:50] {Les} screwed myself lots of times this summer in such plays
[11:51] {Les} http://www.youtube.com/watch?v=D-0_sL5AAVQ
[11:57] {kowboy} svnt open
[11:58] {Les} wow look at its level 2
[11:58] {Threei}  yikes
[11:58] {Threei}  and I mean YIKES
[12:00] {strider} and Mcgoo's not here.
[12:13] {ese} 10 beans just because the company isn't bein sold?
[12:15] {ese} L svnt .99
[12:16] {ese} out .08 +.08
[12:17] {ese} +.09 no biggie 1 lot
[12:17] {ese} L .97 svnt
[12:17] {ese} out .05
[12:18] {ese} sorry that .03
[12:19] {ese} L svnt ..07
[12:20] {ese} out .24
[12:20] {ese} sorry can't type and do this
[12:20] {strider} so stop doing this, and just type:)
[12:21] {ese} i am L .15 again
[12:22] {ese} out .29 +.14
[12:23] {Threei}  lol
[12:23] {Les} :)
[12:23] {ese} that was interesting
[12:23] {Threei}  ese found ATM
[12:23] {Threei}  grabbed it and started shaking it violently
[12:23] {Threei}  coins poor out
[12:24] {ese} weird way to make  400 bucks and change
[12:24] {Threei}  wow market
[12:25] {Threei}  USD/JPY Nomura managing director Jens Nordvig sees Japan intervening if Yen reaches 80 against the dollar - TV interview
[12:25] {Les}  now how is that possible?
[12:25] {Threei}  (US) FDIC's Bair: Foreclosure problems require an industry-wide solution, litigation stemming from servicing issues could be very damaging
[12:25] {Threei}  - Regulators need to get back to basics when it comes to banking industry oversight
[12:25] {Les} G20 said "market based forces" for currency moves
[12:26] {Threei}  probably this Bair's phrase is what damaging the maerket right now
[12:27] {Les} nice one ese. I want to speak to mags about how he enters such moves. I was tempted to go 100 shares at 11.00
[12:27] {Les} but how best to confirm if support is adequate?
[12:29] {Threei}  on such violent moves there are no technical rules
[12:30] {Threei}  you feel them or not
[12:30] {magoo} good afternoon
[12:30] {Threei}  hey mags
[12:30] {Les} yeh. will start trying small shares when profits are regular
[12:30] {Les} mags
[12:30] {Les} talking about you
[12:31] {magoo} all negative i preume
[12:31] {Les} no, we need the master of momo with SVNT
[12:31] {magoo} holy cow
[12:32] {magoo} was it a halt?
[12:32] {Threei}  yes
[12:36] {nemo} How goes the day?
[12:36] {Threei}  3:4
[12:36] {nemo} for a Monday...;)
[12:37] {Threei}  yeah, no complaints here
[12:37] {Threei}  but want more
[12:37] {Threei}  waiting or a solid one
[12:37] {Les} WFC showing us its colours now
[12:37] {Les} hey Nemo
[12:37] {magoo} whats mkt feel today vad?
[12:37] {Threei}  look at FAS
[12:38] {Les} yeh, sell those banksters
[12:38] {nemo} Mags...saw nice 10 pointer this morning...too far away
[12:38] {magoo} awesome
[12:38] {nemo} if it were firearms season....;)
[12:39] {Les} Vad , MS ain't following the crowd yet. lod b/d?
[12:40] {Threei}  probably
[12:40] {Threei}  these laggers are often tough,
[12:41] {Threei}  either they are laggers or they are stronger than the leader, and only wait for a chance to reverse
[12:41] {Threei}  hard to tell which case it is
[12:44] {Les} ok
[12:47] {magoo} SVNT lil move
[12:52] {Les} this is vwap resistance SVNT
[12:55] {Threei}  TIVO Hearing vague chatter of possible upcoming collaboration with Google (10.80, +0.47, 4.55%) (related GOOG )
[12:58] {dino} .
[13:04] {Threei}  *(US) TREASURY'S $10B 5-YEAR TIPS DRAW -0.55%; BID-TO-COVER RATIO 2.84 V 3.10 AT LAST YEARS REOPENING AND 2.46 OVER THE LAST 7
[13:04] {Threei}  (US) San Francisco Fed Economist: Sees odds of deflation taking hold in the US as quite low (related EUR/USD TLT SHY )
[13:06] {magoo} HRBN cruashed
[13:07] {Threei}  - indirect bidders take 39.37% of competitive bids with 57.82% allotted at the high.
[13:07] {Threei}  - dealers take 57.5%, direct bidders take 3.17%
[13:07] {Threei}  - median -0.635%, Low -0.75%.
[13:11] {Les} mags svnt gonna test lod here u think?
[13:12] {magoo} it has zero momo, not my type to read, sorry
[13:12] {Les} ok
[13:12] {Les} dino?
[13:12] {Threei}  was hot right after opening
[13:12] {Threei}  cooled off totally
[13:12] {Les} ok no play then
[13:13] {Les} X .15 break?
[13:13] {Threei}  nah
[13:13] {nemo} might be a tad early
[13:14] {dino} no
[13:15] {dino} gut says bounces around 11.75
[13:15] {Les} k ty
[13:16] {Les} AIG basing out. dunno if interesting for reversal?
[13:19] {Threei}  looks good candidate
[13:19] {Threei}  (EU) EU's Van Rompuy: EU has not 'softened' its stance on deficits
[13:19] {Threei}  - Note: Earlier ECB's Weber criticized such rules as being 'too soft'
[13:21] {magoo} u reading TNA vad
[13:22] {nemo} watch spy mags
[13:22] {Threei}  first two letters, yes... third escapes me...
[13:23] {Threei}  market seems to be gaining traction
[13:23] {nemo} I have resistance lines in at .50 and vwap just under it for TNA it will likely go there
[13:29] {Threei}  (US) US EPA and DOT confirm increase in fuel economy requirements for new combination tractors, heavy-duty pickups and vans, and vocational vehicles.
[13:37] {Les} damn second time X has given us the slip today.
[13:37] {Les} its become a sly dog to play
[13:37] {Threei}  it's just slow and uncertain tim e of the day
[13:40] {magoo} BIDU is determined to break 110 imo
[13:41] {nemo} watch mon for a short
[13:50] {Threei}  AIG works
[13:56] {RonS} hrbn a dino gap fill in motion
[13:58] {Les} missed .25 break eating tacos for first time in 20 odd years
[13:59] {Les} no regrets either. damned good tacos if I do say so myself
[14:00] {RonS} dang i miss nemo...
[14:00] {Les} well screw me if my comments aren't good enough for ya Ron
[14:01] {RonS} the point is that he would have the prfect retort and it would be intertaining...i mean fer chrissakes tacos in Switzerland sheesh...
[14:02] {Les} lol ok I concede the point
[14:02] {Threei}  lol
[14:02] {RonS} entertaining...sorry
[14:03] {Les} dino, you got an entry strategy lined up for HRBN?
[14:03] {Les} soon as it closes gap etc?
[14:04] {dino} 20 gap
[14:06] {Les} HRBN got a nice MACD bullish divergence happening
[14:07] {dino} any news hrbn?
[14:07] {Threei}  no
[14:09] {dino} hl l .50
[14:09] {dino} stop .23
[14:12] {RonS} aone breakout
[14:15] {Threei}  nice chart for .50 break
[14:15] {Threei}  too bad I haven't seen it back then
[14:15] {Threei}  daily is gearing up for 10 break
[14:17] {Les} out hrbn +.15 thanks dino
[14:17] {dino} ty, your idea
[14:17] {Les} needed help with entry
[14:18] {dino} .25 multiples in direction seem best lately
[14:18] {Les} for all your trades?
[14:18] {dino} stop to .80
[14:19] {dino} most
[14:19] {dino} if .00 goes should get .10-.20
[14:20] {nemo} vwap around .60 and dropping
[14:21] {Les} I chicken out moment SPY drops and I'm left behind :(
[14:21] {nemo} so we can call that a "Les"
[14:21] {dino} lol
[14:21] {nemo} as in "I Lessed out"
[14:21] {Les} DON'T U DARE!
[14:21] {dino} stop to .90
[14:22] {dino} reverse slip out .92, +.42
[14:22] {dino} ty les
[14:22] {Les} yw
[14:23] {Les} so that MACD indicator of yours does work some times Nemo
[14:23] {nemo} I'm looking at other things also
[14:23] {Les} cool. don't be greedy
[14:24] {nemo} your likely to get some consolidation here
[14:24] {Les} q's going for break
[14:25] {nemo} If HRBN hols here and then breaks .00, another entry to vwap
[14:26] {Les} i got 20 and 50ma at around .75. pullback would be nice
[14:26] {nemo} Yeah, but you have a cup here
[14:26] {Les} well it ain't Royal Dalton that's for sure
[14:27] {nemo} Wedgewood
[14:27] {Les} made in china
[14:27] {nemo} O.K.  How about Riedl crystal
[14:27] {nemo} ?
[14:28] {nemo} Kufstein, Oesterreich I believe
[14:28] {Les} champagne tastes hey...?
[14:28] {Les} I see their wine degustation glasses
[14:28] {Les} but at the rate I break wine glasses
[14:28] {nemo} the good old days, breathe on the glasses and they break
[14:28] {Les} no way!
[14:29] {nemo} getting your pullback in hrbn
[14:30] {Les} dunno. tempted to wait for vad to find one last juicy trade
[14:30] {dino} yourb .75 was good
[14:31] {Les} {----- blushes
[14:31] {Les} call me "son on Nemo"
[14:31] {Les} of, not on lol
[14:31] {Threei}  both are funny
[14:32] {Les} that's cause u r evil vad
[14:32] {nemo} interesting, just did fib retracement on the hrbn drop. 23.6 is at .79 38.2 is 21.25 vwap just about .50, spy goes, might go with it
[14:32] {Threei}  if not for evil how would thee tell the good
[14:32] {Les} larisa
[14:32] {Les} larisa is good so I know u r evil
[14:33] {Threei}  makes sense...
[14:33] {dino} hmmm lower high
[14:35] {Les} vad I have forgotten how to zoom in on laser 1 min. chart. Please remind me.
[14:36] {nemo} up and down arrows
[14:36] {Les} u in again dino?
[14:36] {nemo} or back and forth
[14:37] {Les} nope nothing. we have to program the keys?
[14:37] {Threei}  no
[14:37] {Threei}  click o chart so it's an active wondow,
[14:37] {nemo} check the programmed keys
[14:37] {nemo} should be standard
[14:37] {Threei}  then look under the menu, there is a row of buttons
[14:38] {Threei}  right under Route, there are two buttons with || and arrows directed inside and outsikde
[14:38] {Threei}  those are zoom in and out
[14:38] {Les} oh of course! ty
[14:39] {Les} q's selloff
[14:39] {Les} market selloff
[14:39] {nemo} atch for spy bounce at .75
[14:39] {Threei}  sudden
[14:39] {Threei}  must be news for it
[14:39] {nemo} got it here looks like
[14:41] {nemo} I'd play tna on spy break here
[14:44] {Les} looks like HRBN gone cold
[14:50] {Les} NEW YORK (MarketWatch) -- The Treasury Department sold $10 billion in 5-year Treasury Inflation Protected Securities on Monday at a yield of negative 0.55%
[14:50] {Les} ?
[14:50] {nemo} Alright, off to find Bambi, or some reasonable facsimile thereof
[14:51] {Les} hey hunting season already?
[14:51] {Les} ciao
[14:51] {Threei}  les
[14:51] {Threei}  13:04] {Threei} *(US) TREASURY'S $10B 5-YEAR TIPS DRAW -0.55%; BID-TO-COVER RATIO 2.84 V 3.10 AT LAST YEARS REOPENING AND 2.46 OVER THE LAST 7
[14:51] {strider} I think he just collects Bambi dolls, Les.
[14:51] {Les} you know I don't listen to you vad
[14:52] {Threei}  oh, right
[14:52] {Threei}  sorry
[14:52] {Les} right. looking for a date is he?
[14:52] {Threei}  pne more item for you to ignore then:
[14:52] {Threei}  [13:07] {Threei} - indirect bidders take 39.37% of competitive bids with 57.82% allotted at the high.
[14:52] {Threei}  [13:07] {Threei} - dealers take 57.5%, direct bidders take 3.17%
[14:52] {Threei}  [13:07] {Threei} - median -0.635%, Low -0.75%.
[14:52] {Les} sorry vad. must have been cooking
[14:52] {Les} is that good or bad? who are the indirect bidders?
[14:53] {Threei}  nemo knows
[14:53] {Threei}  I forget between his explanations
[14:53] {Les} yeh read it once. can no longer remember
[14:53] {Threei}  anyone remembers?
[14:54] {magoo} any good reports tonite?
[14:55] {RonS} txn
[14:55] {Threei}  AMGN,
[14:56] {strider} VRTX AMGN
[14:56] {Threei}  yeah
[14:56] {Les} http://www.reuters.com/article/idUSN2425368520090624
[14:57] {Les} seems Treasury fudge data to make indirect bidders - foreign investors - higher than is the actual case
[14:57] {Les} go figure
[15:04] {dino} same w/unemployment reports
[15:04] {dino} just about alwsays revise worse
[15:11] {strider} WFC jb
[15:13] {magoo} rimm vad'
[15:14] {Threei}  watching if gives a short formation
[15:15] {Les} damn HRBN .60 short was beautiful. call me chicken
[15:17] {Threei} Short Setup: RIMM  .20 half lot
[15:17] {Threei}  if stays under .35
[15:18] {Threei}  .25 better trigger
[15:18] {Threei}  invalidated anyway
[15:19] {dino} hrbn hl l .50
[15:22] {Les} tried .30 b/d following invalidation and got stopped
[15:24] {Les} .25 was a better trigger :)
[15:24] {magoo} RIMM news?
[15:24] {Threei}  nope
[15:28] {Les} u still looking for reversal setup vad or leaving it alone?
[15:29] {Threei}  I don't see any
[15:29] {Les} k
[15:36] {dino} hrbn stopped
[15:36] {strider} short SNDK .70
[15:41] {Threei} Short Setup: RIMM  .80 break half lot
[15:41] {strider} partial +.10
[15:42] {strider} parti +.15, sndk
[15:43] {Threei}  invalidated
[15:46] {jfjf64} lk a train
[15:46] {Les} almost going momo
[15:46] {jfjf64} rimm
[15:46] {jfjf64} .50
[15:48] {jfjf64} one more leg up
[15:48] {jfjf64} ??
[15:49] {magoo} yes
[15:49] {jfjf64} agree
[15:49] {strider} out sndk final +.20
[15:49] {magoo} RISKY
[15:49] {jfjf64} that was rince
[15:49] {magoo} spy dive
[15:49] {jfjf64} wow
[15:50] {Threei}  and no news
[15:50] {Les} markaet getting edgy
[15:55] {Les} s rimm .25 covered .01 +. 24
[15:55] {strider} X reports before open tomorrow
[15:55] {Les} didn't say a thing cause I know you don^t wanna follow me
[15:55] {Les} doesn't cover the earlier stop but a satisfactory day.
[15:55] {Les} night all c  u's tomorrow
[15:56] {magoo} bye
[15:56] {jfjf64} ciao les
[15:56] {strider} anybody else with sticking charts today?
[15:56] {strider} laser
[15:56] {Threei}  take care les
[15:56] {Threei}  fine here strider
[15:56] {strider} thx
[15:57] {strider} even spy sticking for me today.
[15:58] {Threei}  thank you all
[15:58] {Threei}  have a good evening, see you tomorrow
[15:58] {strider} thanks, vad
[15:59] {jfjf64} see ya 3i