Thursday, November 4, 2010

Nov 04 2010

Sideways day for us as most gains were in the gap. Some wins, some stops, about flat overall, and no interesting charts. Yawn.

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
[08:49] {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}
[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 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}
[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}
[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 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}
[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 )