Session Time: Thu Nov 04 00:00:00 2010
[08:09] {magoo} mlorn
[08:09] {Threei} ya think?
[08:09] {magoo} sigh, starting out well
[08:10] {Threei} :)
[08:10] {magoo} can u believe this mkt
[08:10] {magoo} every dip bought every time
[08:11] {Threei} well... with these idiots ruling us
[08:11] {Threei} there is not much left I couldn't believe in
[08:11] {Threei} including change
[08:11] {Threei} (pun intended)
[08:17] {magoo} pot hammered, news
[08:17] {Threei} (US) Preview: Weekly Initial Jobless Claims and Continuing claims due at 08:30 ET (12:30 GMT)
[08:18] {Threei} (US) Preview: Q3 Preliminaryl Nonfarm Productivity and Unit Labor Costs due at 8:30am
[08:28] {nemo} mmmhhhh mos rose
[08:28] {Threei} POT's killed
[08:29] {Threei} fed said no to merger
[08:31] {Threei} *(US) INITIAL JOBLESS CLAIMS: 457K V 442KE
[08:31] {Threei} *(US) Q3 PRELIMINARY NONFARM PRODUCTIVITY: 1.9% V 1.0%E; UNIT LABOR COSTS: -0.1% V 0.6%E
[08:31] {Threei} CONTINUING CLAIMS: 4.340M V 4.378ME
[08:31] {Threei} Prior Initial Jobless Claims revised higher from 434K to 437K
[08:31] {Threei} - Prior Continuing Claims revised higher from 4.356M to 4.382
[08:31] {Threei} but of course
[08:33] {nemo} well, might as well tell Dino to go back to bed when he logs on
[08:35] {_flautero} Good morning
[08:36] {Threei} flautero :)
[08:37] {RonS} buenos dias hombres
[08:37] {Threei} ron :)
[08:37] {RonS} nemo, i see meli is down pre so dino may have something to do
[08:46] {Threei} *(EU) ECB LEAVES MAIN REFI RATE UNCHANGED AT 1.00%; AS EXPECTED
[08:49] {Les} morning
[08:50] {Threei} les :)
[08:50] {Les} so... how do we go into battle today vad? long the pullbacks?
[08:50] {Threei} no idea
[08:51] {Les} wait n see. ok
[08:51] {Threei} yeah
[08:51] {Threei} this is highly unusual situation
[08:53] {nemo} scenario: pullback on open because of overnight gap, then this thing starts running again by 10:30
[08:54] {nemo} and runs
[08:54] {nemo} and runs
[08:54] {nemo} unless other countries lock down capital inflows, and companies falter, this is a lock until next june
[08:56] {Les} why June?
[08:57] {nemo} that's when the treasury purchases are supposed to end
[08:58] {Les} aaah right. u mean extended I think...
[08:59] {Threei} if they continue doing what they do right now, those purchases will never end
[08:59] {Threei} it's a vicious cycle
[09:00] {Les} they're just buying Washington debt aren't they?
[09:00] {Les} medium term paper
[09:00] {Threei} the longer they do it the harder to ween off of it
[09:00] {Les} I think
[09:00] {nemo} I think other countries will lock down their economies, we're driving inflation there
[09:00] {nemo} yep, it's a ponzi scheme
[09:00] {Les} yeh. not a dime for new highways, smart grids etc?
[09:01] {Les} or is that QE3 maybe :)
[09:01] {Les} gotta wait for the sequel
[09:01] {dino} gm all
[09:02] {Threei} dino :)
[09:02] {Threei} it jujst starts looking more and more like desperation and hysterical pushing of the buttons
[09:02] {nemo} tna long on this pullback...go back to bed dino
[09:02] {Threei} for now they push the same button many times
[09:02] {Threei} very soon they will start pushing random ones
[09:03] {dino} looks that way nemo
[09:03] {Les} hopefully not the red button
[09:03] {Les} no wars to cover washington's stupidity please
[09:03] {Threei} let's hope... but...
[09:06] {khaln} g morning
[09:06] {Threei} khaln :)
[09:07] {Les} http://miburl.com/ZbmZDI
[09:07] {Les} one day I'd like to be in the right spot to photo such an event
[09:08] {Les} beautiful to look at
[09:09] {ese} morning
[09:09] {Threei} ese :)
[09:10] {Threei} congratulations on losing premier
[09:10] {Les} POT weaker than market. under 140 or maybe 140 break. Big gap to close
[09:10] {davd} hi all
[09:10] {Threei} davd :)
[09:10] {Threei} POT is killed by feds blocking nerger
[09:10] {Les} right
[09:10] {Threei} merger too
[09:10] {ese} definitely.......was thinking about going over and offering him a drink
[09:11] {Threei} can't believe he didn't do it months ago
[09:12] {ese} years ago
[09:12] {Threei} lol
[09:12] {Threei} EU) Reminder: ECB post rate decision press conference to begin after 9:30am ET (13:30 GMT
[09:12] {Threei} - Trichet typically begins the press conference with standard phrases that reiterate the interest rates environment remains appropriate; price developments remain moderate and expectation remain anchored
[09:12] {Threei} - Dealers will look for cluse on any additional steps to exit the special stimulus measures
[09:14] {larisa} gm :)
[09:14] {Threei} larisa :)
[09:14] {larisa} vad :)
[09:14] {Threei} guys, couple words about today
[09:14] {ese} laris
[09:14] {Threei} I see this situation as highly unusual,
[09:14] {ese} go long ?
[09:15] {larisa} ese :)
[09:15] {Threei} because expected happened - and market reacts, so far at least, in obvious and highly expected way.
[09:15] {Threei} this is not how market works
[09:15] {ese} hmmmmmmm.......that is an interesting thought
[09:16] {Threei} and before determining the main motive of trades to take I want to stay with scalps,
[09:16] {davd} i agree i agree 3i.
[09:16] {Threei} observe and try to gauge what is happening:
[09:16] {Threei} result of yesterday's FOMC was not as widely expected as I thought it was,
[09:16] {Threei} or
[09:17] {Threei} it's just a timing matter
[09:17] {Threei} and normal way of the development is to come
[09:17] {ese} does beg the question......so whats up?..... for sure
[09:18] {Threei} Whatever it is, huge gap up days are rarely cinducive for good tgrading opportunities
[09:18] {Threei} so we wouldn't be very active anyway
[09:22] {Les} USD showing signs of bouncing against major currencies, but could be another false move
[09:23] {Les} http://www.finviz.com/forex_charts.ashx?tf=m5
[09:23] {Les} 5 min timeframe
[09:24] {magoo} vad, watch QCOm for pllbk too 48 asrea, then bounce too
[09:25] {ese} thats an excellent website les....was looking through it the other day
[09:28] {Les} yeh when we are so dependent on the $ for trading like at the moment worth keeping an eye on
[09:29] {jfjf64} mornin
[09:29] {Les} fashionably late hey jf
[09:29] {Threei} jf :)
[09:30] {Les} rimm 57
[09:31] {jfjf64} LOL
[09:31] {jfjf64} les
[09:32] {Les} crap rimm dbi
[09:32] {Les} way too fast
[09:33] {Threei} DBI?
[09:33] {Threei} there wsas no any setup either way
[09:33] {Threei} just hectic jumps
[09:33] {Les} really. was looking at .10 resistance .99 b/d
[09:34] {magoo} crushing wynn
[09:34] {Les} yet lvs rockets
[09:36] {Threei} Short Setup: X 47 break
[09:37] {Threei} late alert?
[09:37] {magoo} missed
[09:37] {Les} 2nd opportunity?
[09:37] {Threei} let's see if gives a chance
[09:38] {Les} in
[09:38] {Threei} same setup
[09:38] {Threei} if stays under .10
[09:39] {Les} out
[09:39] {Threei} 1:1, covering half
[09:40] {Threei} touched 1:2, nmissed second cover
[09:40] {Threei} stop above b/e
[09:41] {ese} qcom mags....thoughts
[09:41] {Les} lvs vad
[09:42] {Threei} out
[09:42] {Threei} scalpers win
[09:42] {Threei} wanted LVS short, couldn't nail entry
[09:42] {Threei} too bad
[09:44] {magoo} wheres the FCX sghort vcad?
[09:45] {Threei} .20 break
[09:45] {Threei} but half lot
[09:45] {Threei} treacherous thing here
[09:45] {Threei} if stays under .35
[09:45] {Threei} 1:1
[09:45] {Les} yeh
[09:45] {Threei} lol
[09:45] {magoo} miossed it F
[09:45] {Threei} no kidding
[09:47] {Threei} LVS .70 break after bounce was it but happened faster than I could blink
[09:47] {Les} so everythings jumpy this morning
[09:47] {Threei} well, X short was easy
[09:48] {Les} y
[09:48] {Threei} gave perfect entry
[09:48] {Threei} (EU) ECB's Trichet: ECB: Trichet still trust that strong dollar in the US interest - Q&A session
[09:48] {Threei} yes, the nly problem is, ben doesn't trust it
[09:48] {dino} lol
[09:49] {Les} how can they speak that crap
[09:49] {dino} it's a race to devalue the fastest
[09:49] {Threei} I think they have a button disconnecting breain from the mouth
[09:49] {Les} just after they tell the world they're printing
[09:49] {Threei} brain
[09:50] {Les} they must think the world uninformed and stupid
[09:50] {nemo} operating under the Mencken principle
[09:50] {Les} which is probably half true
[09:50] {dino} i think because joe average thinks a strong dollar is important
[09:50] {Threei} and they take drug supressing conscience
[09:50] {dino} when realitically
[09:50] {dino} it is not
[09:50] {Les} yeh or promise of big payout at end keeps their mouths shut
[09:51] {Threei} (RU) Reportedly Russia to halt purchases of frozen chicken, effective 1st Jan
[09:51] {Threei} Russdia quits frozen chicken cold turkey
[09:51] {RonS} send live ones
[09:51] {Les} not bad vad, not bad
[09:51] {Threei} ah thank you
[09:51] {Les} x
[09:51] {Les} new high?
[09:52] {Threei} ok
[09:52] {Threei} LVS
[09:52] {Threei} let's try and get short
[09:52] {Threei} .60 break
[09:52] {Threei} if stays under .70
[09:54] {Threei} no go
[09:54] {magoo} WOW i caught that WYNN 09 t0 .99 in 2 seconds
[09:55] {magoo} look at minute chart
[09:55] {Threei} quite a spike
[09:55] {Les} outta here. market too fast for me
[09:55] {dino} nice
[09:55] {magoo} oh no u dont les
[09:55] {Les} gonna work the bench. back when things slow down
[09:56] {Threei} killed our LVS short
[09:57] {magoo} apol rott
[09:57] {magoo} qcom rott
[09:57] {magoo} full xmas tree qcom
[10:00] {magoo} vad read qcom please
[10:01] {Threei} short, IMO
[10:03] {Les} nice one mags I owe ya
[10:03] {magoo} sigh now wynn greatest shit ever
[10:03] {Les} .46 to .26 short
[10:04] {Threei} hmmm
[10:04] {Threei} I call short, mags gets thanks... life is so unfair
[10:04] {magoo} :)
[10:04] {Les} you're on ignore list for the day
[10:04] {Les} :P
[10:04] {Les} thanks vad
[10:05] {jfjf64} apol
[10:05] {jfjf64} bounce time
[10:05] {jfjf64} ??
[10:05] {Threei} not sure
[10:05] {Threei} tough one
[10:05] {magoo} scroll up, i called this qcom pre mkt
[10:06] {jfjf64} yes
[10:08] {Threei} Long Setup: QCOM .50 break
[10:08] {Threei} half lot
[10:08] {Threei} invalidated
[10:10] {Les} qcom bouncing off first MA support
[10:11] {Les} still plenty of air under it
[10:11] {Threei} read this:
[10:11] {Threei} http://www.cnbc.com/id/39998421
[10:11] {Threei} this is something that may change whole game
[10:11] {nemo} it has to come
[10:12] {jfjf64} caught it
[10:12] {Les} yeh ECB pussy foots around with polite language right now. how long before that changes
[10:12] {jfjf64} qcom
[10:12] {jfjf64} aggressive
[10:12] {magoo} i hit .38 to .73 qcom
[10:12] {magoo} judt now
[10:12] {Threei} wtg
[10:12] {jfjf64} i will ty
[10:12] {jfjf64} +22 cents
[10:13] {Threei} :)
[10:13] {magoo} 48 has been support thru last nite
[10:13] {jfjf64} ty
[10:13] {Les} nice tight stop mags
[10:13] {Threei} APOL
[10:13] {Threei} feels ready
[10:15] {jfjf64} ??
[10:15] {jfjf64} tough entry
[10:15] {jfjf64} so far
[10:15] {Threei} .10 held so far
[10:16] {Les} u wanna short it?
[10:16] {Threei} ??
[10:16] {Threei} 1:1
[10:16] {Threei} 1:2
[10:16] {Les} crap I was long .10 and misunderstood
[10:16] {jfjf64} yeahhhhhhhhhhhhhhhhhh
[10:16] {Threei} come on
[10:17] {jfjf64} ty
[10:17] {Threei} long was 35 break
[10:17] {jfjf64} .12
[10:17] {Threei} 1:3
[10:17] {jfjf64} out.23
[10:17] {Threei} out
[10:17] {Les} yeh but .10 held so far = resistance to me
[10:18] {Threei} running commentary as play developed
[10:18] {Les} it's my fault. I saw the reversal you did
[10:18] {Threei} jf asked earlier abut APOL bounce
[10:18] {Threei} so, 10:13] {Threei} APOL
[10:18] {Threei} [10:13] {Threei} feels ready
[10:18] {Threei} was follw-up
[10:19] {jfjf64} you dont hv to explain 3i
[10:19] {Threei} and it was consolidating under major trigger at the moment
[10:19] {jfjf64} lol
[10:19] {Threei} just so it's clear next time
[10:19] {Threei} not always possible to type full alert
[10:20] {Threei} being quite standard setup for us, I assumed it was clear enough
[10:20] {jfjf64} ass u me
[10:20] {Les} yeh it should have been. don't know why I bailed at .99
[10:20] {jfjf64} sndk
[10:21] {jfjf64} litle mover today
[10:21] {Les} looks like edu down day. you watching them dino?
[10:21] {dino} y
[10:21] {Les} no, not edu. just esi, apol
[10:23] {jfjf64} missed .30 break sndk
[10:23] {ese} dino you into anything
[10:23] {jfjf64} my set up all the wy 3i
[10:23] {dino} no
[10:23] {jfjf64} grrrrrrrrrrrrrrrrrrrrrrrrrrrr
[10:23] {ese} me neither
[10:24] {Threei} Long Setup: LVS .85
[10:25] {jfjf64} stop
[10:25] {Threei} if stays above .75
[10:25] {jfjf64} .70
[10:25] {jfjf64} ty
[10:25] {Threei} and this time not a scalp
[10:26] {Threei} invalidated
[10:26] {jfjf64} rince
[10:26] {jfjf64} ??
[10:27] {Threei} could be
[10:27] {jfjf64} ya call
[10:27] {jfjf64} you 3i
[10:28] {Threei} can't tell
[10:28] {jfjf64} k
[10:29] {jfjf64} will try
[10:29] {Threei} I dunno
[10:29] {Threei} market new high
[10:29] {jfjf64} hold
[10:29] {jfjf64} .70\
[10:29] {Threei} LVS can't trigger
[10:29] {Threei} I no longer view it as long here
[10:30] {jfjf64} me either
[10:30] {Threei} Short Setup: RIMM .20 break
[10:30] {Threei} half lot
[10:30] {Threei} *EIA NATURAL GAS INVENTORIES: +67 BCF VS. +65 TO +70 BCF ESTIMATE RANGE (related UNG USO )
[10:31] {magoo} in
[10:31] {Threei} first who asks about stop gets trouted
[10:31] {magoo} stop??
[10:31] {Les} hmmm
[10:31] {Threei} gosh UNG
[10:31] {nemo} you use stops?
[10:31] {Threei} lol
[10:35] {_flautero} im a little confuse, RIMM is a breakout?
[10:35] {Threei} no go
[10:35] {_flautero} .30?
[10:35] {_flautero} stop .20?
[10:35] {Threei} 10:30] {Threei} Short Setup: RIMM .20 break
[10:35] {Threei} other way around
[10:36] {_flautero} but uhmmm why threei
[10:36] {_flautero} is very powerful
[10:36] {_flautero} rimm
[10:36] {larisa} always ? :)
[10:37] {_flautero} no
[10:37] {_flautero} at the moment
[10:37] {_flautero} higher lows
[10:37] {_flautero} big buy volume
[10:37] {_flautero} ¿?
[10:38] {Threei} that was simple double top setup
[10:38] {Threei} even strong ones reverse at some point, no?
[10:38] {_flautero} ah ok ok
[10:38] {dino} meli sm l .50
[10:38] {_flautero} understand dobble top setup in 1 minute chart
[10:38] {_flautero} thanks vad
[10:39] {Threei} 10:20 and 10:28,
[10:39] {_flautero} yes
[10:39] {Threei} lower second top,
[10:39] {_flautero} understand
[10:39] {Threei} on lower volume
[10:39] {Threei} classic reversal
[10:39] {_flautero} and the second top with volume
[10:39] {_flautero} yes
[10:42] {Threei} look LVS, jf
[10:42] {Threei} 10:29] {Threei} I no longer view it as long here
[10:42] {Threei} too bad we haven't made next step
[10:42] {Threei} and called short
[10:43] {jfjf64} hmm
[10:43] {jfjf64} .70
[10:43] {Threei} yeah
[10:43] {jfjf64} shame on me
[10:43] {Threei} yes
[10:43] {Threei} shame on you
[10:43] {jfjf64} for not botherin ya on that
[10:44] {jfjf64} lol
[10:44] {Threei} leave me out of this
[10:44] {Threei} shame on you, period
[10:44] {jfjf64} lets blame les
[10:44] {Threei} fine with nemo
[10:44] {jfjf64} yup
[10:45] {Les} actaully was thiinking lvs short but couldn't see anything in it
[10:45] {jfjf64} ohh stop
[10:45] {jfjf64} lol
[10:45] {Threei} its relative weakness was a clue, but exact setup was not apparent
[10:47] {Les} grabbed .10 of QCOM short. prefer playing with big percentage movers
[10:48] {jfjf64} aapl
[10:48] {jfjf64} 318
[10:48] {dino} out meli .92, +.42
[10:49] {jfjf64} go aapl
[10:49] {nemo} BIDU might be bottoming
[10:50] {jfjf64} booooooooooooommmmmmmmmmmmm
[10:50] {jfjf64} machine
[10:50] {jfjf64} gimme 1.00
[10:51] {jfjf64} out
[10:51] {Threei} lol
[10:51] {Threei} wtg
[10:51] {nemo} aig .90 break
[10:51] {jfjf64} nice set up
[10:51] {jfjf64} little cup
[10:51] {jfjf64} 318
[10:52] {jfjf64} lv that
[10:52] {jfjf64} jf going to tk shower see ya little
[10:53] {jfjf64} life of trader
[10:53] {jfjf64} good morni
[10:53] {Threei} more details than I ever wanted to know
[10:53] {jfjf64} take shower
[10:53] {jfjf64} bad morni
[10:53] {Les} how many days since you took shower jf?
[10:53] {jfjf64} no shower
[10:54] {jfjf64} try 4/5 days
[10:54] {Threei} AIG... maybe aggressive
[10:54] {Threei} near support
[10:54] {nemo} nice...we'll nickname you goat
[10:54] {Threei} and market spikes
[10:54] {jfjf64} aapl
[10:54] {nemo} market is spiking
[10:54] {jfjf64} all time high
[10:54] {jfjf64} $$
[10:57] {jfjf64} settin up again
[10:57] {jfjf64} aapl
[10:57] {jfjf64} .10 support
[10:57] {jfjf64} .46
[10:58] {jfjf64} takeoff
[10:58] {RonS} pomo ending 3 minutes...time to short
[10:59] {jfjf64} 320 coming
[11:02] {Threei} AIG, aggressive entry works
[11:03] {RonS} hearing O saying tax cut extension to all...
[11:04] {RonS} well, maybe not...open to discussing it
[11:04] {Les} hmm increased tax and debasement of money. sounds like kings of old
[11:04] {Threei} (GE) Germany Chancellor Merkel: Upcoming G20 meeting unlikely to solve the problem of systemic financial insitutions (related XLF IXG )
[11:04] {Threei} ahhh
[11:04] {Threei} what a disappointment
[11:05] {Threei} just when you thought it was about to be over
[11:07] {ese} L qcom .48
[11:09] {magoo} dino, is it raining at your house ? lol
[11:10] {ese} thought it was gonna break .50 maybe not
[11:10] {dino} yes
[11:10] {khaln} .
[11:12] {Threei} GLD...
[11:12] {Threei} brrreak
[11:13] {Threei} that's why ou never send a market order on such breaks
[11:15] {ese} stopped qcom .28 -.20
[11:25] {magoo} overall QCOM seems a short to me on bounces imo
[11:25] {_flautero} good bye all, i have my daily profit, thanks have a nice day
[11:25] {magoo} OH NO U DONT
[11:25] {Threei} take care flautero
[11:25] {magoo} u cant use us and leave
[11:25] {Threei} yes, now tou jhave to make a profit for the guy next to you
[11:25] {Threei} and share
06[11:25] * magoo slaps _flautero around a bit with a large trout
[11:26] {_flautero} lol
[11:26] {_flautero} i just shorted qcom premarket
[11:26] {_flautero} lol +72 cents :O
[11:26] {_flautero} and then i did a long in apol
[11:26] {_flautero} and did my day
[11:26] {RonS} wtg dino...i mean _flautero
[11:27] {_flautero} yep
[11:27] {magoo} rons lol
[11:27] {magoo} see vad, newbie makes it look easy
[11:27] {_flautero} lol
[11:27] {magoo} RIG crushed
[11:28] {Threei} let's ban newbies?
[11:28] {RonS} godzilla mags?
[11:28] {magoo} and lets HALT room monthly fee
[11:31] {Threei} (US) IMF: Fed's QE2 action yesterday likely to have a 'modest impact' on the economy
[11:31] {Threei} why do it then?
[11:33] {dino} imf said this not fed
[11:35] {Threei} yeah, imbeciles start mixing in my head
[11:35] {Threei} no can tell the difference any longer
[11:36] {Threei} cluelessness unites them
[11:36] {Threei} two consequtive lines on the bottom of TV screen
[11:37] {Threei} first: Obama vows to move agenda of american people ahead
[11:37] {Threei} second: republicans wov to stop obama's agenda
[11:37] {Threei} Fannie Mae S&P estimates final taxpayer costs of Fannie and Freddie at $280B
[11:37] {Threei} - Could rise as high as high as $685B with the establishment of an entity to replace the GSE's.
[11:38] {Threei} oh good
[11:40] {ese} L qcom .30
[11:50] {ese} hmmmmmmm
[11:53] {dino} kra, hos
[11:54] {dino} fsys
[11:55] {dino} hos sm l .00, stop .69
[11:55] {RonS} hos sm l .00
[11:58] {davd} in hos .00 small
[12:06] {ese} yyyyaaaaaaaaaaawwwwwwwnnnnnnnnn.............ahemmmm where were we
[12:07] {davd} yawn? i'm confused by this whole market.
[12:08] {ese} indeed
[12:11] {magoo} vad BIDU bounce?
[12:12] {Threei} not sure why it sells like this
[12:12] {Threei} no news that I see
[12:13] {khaln} BIDU going red on volume
[12:20] {Threei} still no news
[12:20] {Threei} but getting closer to bounce zone
[12:20] {nemo} pivot .16
[12:22] {Threei} GM White House: Confident the US will earn back its entire investment in GM
[12:23] {nemo} of course they are
[12:25] {nemo} looking for bidu DB recross?
[12:26] {magoo} i like it..ease in small
[12:27] {magoo} in
[12:27] {magoo} what the "f" with channel serv
[12:29] {Les} market still mucking around is it?
[12:29] {nemo} ahhh, it was les magoo
[12:30] {Les} what, making mags money?
[12:30] {magoo} well, its really buy the dips
[12:30] {magoo} look fcx wynn
[12:30] {magoo} rimm
[12:31] {Les} rimm yeh I like
[12:31] {khaln} cien
[12:32] {Les} rimm short soon
[12:32] {magoo} .21 been holding it
[12:32] {magoo} like 3 times
[12:35] {magoo} [12:26] {magoo} i like it..ease in small
[12:35] {magoo} [12:26] {magoo} in
[12:35] {nemo} yep
[12:36] {magoo} coukld be the trade of day
[12:36] {magoo} but its not easy
[12:37] {magoo} read gld vad?
[12:37] {Les} rimm losing it. vwap and 200ma at .10
[12:38] {Les} indexes might say otherwise
[12:40] {Les} dollar creep up today
[12:40] {nemo} ?
[12:40] {Les} $ is creeping up today
[12:40] {Les} sorry, speaking like vad
[12:40] {jfjf64} ?
[12:41] {magoo} sh bidu here
[12:41] {nemo} imo, no
[12:41] {Les} yeh higher low
[12:42] {larisa} you think magoo was asking? :)
[12:42] {nemo} stop and target probably too close
[12:42] {nemo} of course not
[12:42] {jfjf64} lol
[12:42] {Les} no one was offering response lari
[12:43] {nemo} I did, but I know it's like pissing in the wind with magoo
[12:43] {larisa} :)
[12:43] {nemo} or should I say, tinkling in the breeze
[12:45] {Les} $ testing 76
[12:46] {khaln} damn all of this halloween candy
[12:46] {magoo} out
[12:46] {magoo} had dime
[12:46] {Les} you still trick or treating Khaln?
[12:46] {nemo} ;)
[12:46] {magoo} no good either way really
[12:46] {Threei} lol
[12:46] {khaln} ya, going 2b fat next week.
[12:46] {Les} like tinkling in the breeze
[12:48] {Les} qcom is fair game now if market sells off IMO. all MA VWAP support cleared
[12:49] {Threei} APOL Hearing defended at Morgan Stanley (timing uncertain) (35.40, -3.07, -7.98%)
[12:50] {Les} $ gaining traction
[12:51] {Threei} my view is still:
[12:51] {Threei} until I see strong dollar rally, I don't consider the market action normal
[12:52] {nemo} mmmhhh...use of word "normal" from you is....I'm not sure what it is
[12:52] {Threei} insert "whatever your nrmal is" :)
[12:52] {nemo} magoo
[12:53] {nemo} bidu db?
[12:53] {magoo} like it sh
[12:53] {Threei} short rather
[12:53] {Threei} t me, normal market is one that acts against what most normal people consider normal
[12:54] {Threei} market that normal people consider normal is abnormal by me
[12:54] {nemo} o.k. yogi
[13:00] {Threei} (EU) IMF: ECB's decision to leave rates on hold is appropriate (related EUR/GBP EUR/USD )
[13:00] {Threei} as if they know
[13:04] {Les} hmm vix is climbing
[13:14] {Les} $ back to 76. let's see if its support
[13:19] {Threei} LVS chews though to new high
[13:19] {Threei} through
[13:19] {Threei} TV head just said:
[13:19] {Threei} traders think this rally woll stay at least till the spring
[13:20] {jfjf64} look mgm
[13:20] {Les} crap there goes qcom
[13:20] {Les} after stopping me out
[13:20] {jfjf64} ton shares .37
[13:20] {jfjf64} keep hide ing
[13:23] {Threei} ben says QE2 will not be inglationary and will help create jobs
[13:24] {Threei} he also promises to respect us in the morning
[13:25] {dino} kra sm l .64, stop .33
[13:26] {Threei} Long Setup: RIG .60 break half lot
[13:27] {nemo} like x long here?
[13:27] {nemo} .75 break
[13:27] {Threei} yup
[13:31] {nemo} oy offers at .60
[13:32] {Threei} yeah
[13:32] {Threei} X on the move
[13:32] {Threei} no go RIG
[13:32] {nemo} missed rig
[13:32] {nemo} I mean X
[13:33] {Threei} it gave second cnance
[13:33] {Threei} chance
[13:33] {nemo} was watching rig
[13:35] {dino} jobs
[13:37] {Les} yeh dollar got some bounce in it now
[13:37] {Les} http://www.finviz.com/futures_charts.ashx?t=CURRENCIES&p=m5
[13:38] {Les} sustainable?
[13:38] {Les} today's $ move constitute a c&h?
[13:38] {Les} pretty shallow
[13:39] {Threei} C&H is not a reversal at the bottom setup
[13:39] {Les} ok
[13:44] {ese} you sure called this day this morning vad.......i may take .08 to .10 cents in qcom and just call it a day
[13:44] {ese} sheesh
[13:48] {Les} hmm short squeeze in AVNR today
[13:48] {Les} might be worth a short
[13:49] {Threei} meh
[13:49] {Threei} just a little bounce
[13:49] {Threei} on no volume
[13:50] {Les} you speaking about AVNR?
[13:50] {Threei} yeah
[13:50] {Les} ok. I have MEH on screen. can't work out what you're on about
[13:51] {Threei} lol
[13:51] {Les} just a bounce? ok forget about it
[13:53] {nemo} offer .05 bidu
[13:54] {nemo} eateb abd fekk'
[13:54] {nemo} but developing inverse H&S
[13:54] {nemo} maybe
[13:54] {ese} got! to go.......cya
[13:54] {Les} ciao ese
[13:55] {Threei} take care ese
[13:55] {ese} harry fa derchie les
[13:55] {ese} vad
[13:55] {Les} hmm TNA bounce is interesting here
[13:56] {Les} but IWM is getting weaker
[14:01] {Les} s qcom .30
[14:01] {Les} stop above .40
[14:05] {Les} cover .21
[14:06] {Les} damn if I'd stuck with QCOM only I'd be outta here. starting to find my niche in trading
[14:08] {dino} kra stopped
[14:15] {Les} $ very erratic. new high of session but immediately drops back
[14:19] {nemo} mon drop into support
[14:25] {Threei} meanwhile,
[14:25] {Threei} Manitoba Farmer is Charged with Neglecting 2000 Hogs
[14:26] {Threei} on behalf of hogs, I am deeply disturbed
[14:26] {Threei} those Manitoba farmers...
[14:32] {khaln} A nova scotia couple gives away $11M in lottery winnings.
[14:33] {Threei} those nova scotia couples...
[14:35] {khaln} because they are in late seventes and sick, decided to help other families.
[14:35] {Threei} no kids? other relaives?
[14:36] {khaln} family membes, hospitals,and medical clinics
[14:39] {Threei} well, if they have kids, those are pretty unhappy right about now I suspect :)
[14:40] {dino} kra was big rinse
[14:40] {khaln} When asked why they continued to play the lottery if they had no intention to keep the money, said they played for fun
[14:41] {Les} GLD's gonna break soon
[14:41] {Les} .20
[14:41] {Les} building up
[14:41] {Threei} unless UUP pullback is over
[14:41] {Threei} careful
[14:42] {Threei} GLD is all about UUP now I feel
[14:42] {khaln} cree
[14:45] {nemo} lawsuit by Shanda Literature against BIDU
[14:48] {magoo} must been leaked
[14:51] {Les} goddamn can't we create our own leaks dept. and get ahead of the crowd?
[14:51] {Threei} want to be a chairman?
[14:55] {Les} well Nemo's good at BS so maybe he should chair this
[14:55] {nemo} one liners...vad tried to recruit me for it already
[14:56] {Les} well yeh
[14:56] {Les} feed those one liners to the market
[14:56] {Les} and make us rich
[14:56] {Les} for example:
[14:57] {Les} JPM trader talk of shutting down precious metals desk
[14:57] {Threei} shrug
[14:57] {Les} sigh
[14:57] {Threei} all these "shit down" turn into "spin off"
[14:57] {Les} I'll go back to my corner
[14:58] {Threei} shut I mean
[14:58] {Threei} I don't believe for a second any of the big banks would just quit trading business
[14:58] {Les} oh right. here I thought you were getting personal
[14:59] {Threei} shrug
[14:59] {Les} hmmm deviousness required? got it
[14:59] {Threei} remember whe they all reported
[14:59] {Threei} "no signle losing day in three months"
[14:59] {Threei} "trading income kept us profitable"
[14:59] {Threei} etc'
[15:00] {Threei} can you imagine them just quitting?
[15:00] {Threei} why on earth
[15:00] {Les} oh for christs sake are you bored outta your mind!
[15:00] {Les} leave me alone :)
[15:00] {Threei} jeez
[15:01] {Threei} I am just discussing
[15:01] {Threei} don't take it so personal
[15:01] {Les} I don't
[15:01] {Les} had my half bottle of wine ration
[15:01] {Les} having some fun now
[15:02] {Les} cause you don't have any trades for us
[15:02] {Threei} (IS) Israel Central Bank's Fischer: will not allow housing prices to cause a crisis (related USD/ILS )
[15:02] {Threei} ptay tell us Fischer, how you intend to accomplish that
[15:02] {Threei} what trades, market is locked
[15:03] {Les} GLD?
[15:03] {Threei} GLD flatlined
[15:03] {Les} sigh
[15:03] {magoo} BIDU nuts
[15:03] {Threei} want to roll a dice which way it breaks?
[15:03] {Threei} be my guest
[15:03] {Les} I'll be quiet now
[15:03] {Threei} no you won't
[15:03] {Les} :)
[15:03] {Threei} lol
[15:04] {Les} yeh pity BIDU wasn't offering reversal signal
[15:04] {Les} BIDU would be a classic case of "knife catching", would it not Vad?
[15:04] {Les} or a BB reversal signal you can see?
[15:05] {Threei} didn't see ay
[15:05] {Threei} sany
[15:05] {Les} ok
[15:05] {Threei} any
[15:05] {Threei} just drop-pop
[15:05] {Les} I can't see what I remember you teaching me
[15:06] {Threei} there might be thrtee reasons for that
[15:06] {Threei} 1. I am a crappy teacher
[15:06] {Les} don't start
[15:06] {Threei} 2. you are a crappy student
[15:06] {Threei} 3. It wasn't there
[15:06] {Threei} make your pick :)
[15:06] {Les} I'll take 3 for 200 thanks Vad
[15:18] {davd} hos moving
[15:18] {magoo} where she going
[15:18] {Threei} market stasrts looking like break into close
[15:18] {davd} north
[15:18] {Threei} rofl
06[15:18] * Threei slaps magoo around a bit with a large trout
[15:18] {Les} lol
[15:19] {Threei} (US) White House Press Sec clarifies earlier comments; President Obama still opposes permanent tax cuts for upper income brackets
[15:19] {Threei} you tell'em Gibbs
[15:20] {Les} vad bidu read?
[15:20] {Threei} can't
[15:20] {Les} .50 with market break?
[15:20] {Threei} tried
[15:20] {Les} k
[15:20] {Threei} doubtit
[15:22] {davd} think that press sec put a damper on the market?
[15:23] {Threei} nah
[15:23] {Threei} no one cares at this point what they think
[15:23] {Threei} Short Setup: CAT .70 break half lot
[15:25] {RonS} out hos .38
[15:25] {davd} out hos
[15:25] {davd} .3
[15:26] {davd} :(
[15:32] {dino} stop to .40 hos
[15:34] {dino} out +.40
[15:35] {Threei} Short Setup: CAT .90 break half lot
[15:37] {Threei} out
[15:42] {Threei} looks like CAT explosion coming
[15:43] {Threei} I mean iksplozhion
[15:44] {Threei} ISLN Talks with EMC are fizzling - WSJ Deal Journal citing sources
[15:44] {Threei} - Takeover interest in the company has slowed down, and disagreement exists on price, according to WSJ sources
[15:45] {Threei} look at VXX
[15:45] {Threei} can you believe the price?
[15:48] {nemo} Cat short vad?
[15:49] {Threei} strangely, doesn't show any wekaness with market
[15:49] {Threei} nor weakness
[15:49] {Threei} chewed through huge resistance
[15:55] {Threei} here comes CAT iksplozhion
[15:56] {Les} crap look at GLD
[15:57] {Threei} buying in fear to miss another gap
[15:59] {Les} ok c u's tomorrow
[15:59] {Threei} thank you all
[15:59] {Threei} have a good evening
[15:59] {Threei} see you tomorrow
[15:59] {larisa} bye :)
[16:00] {Threei} XAU/USD Spot gold extends to fresh record high above $1,392 (related GLD )
