Thursday, December 2, 2010

Nicely profitable day with various trades and directions. See Catch of the Day below.

The trade is a classic double top formation. Let's go over elements (annotated on the chart) giving us the trade structure. First top is made on a high volume and the candle has upward tail showing rejection. Second top comes with much lower volume further shaping up the idea of the trade. Now we need clear trigger for entry - and that is indicated by the next candle establishing nice tight range between .70 and .80. Now .70 break becomes our short trigger with stop placed either above the upper envelope of this range or above the first top - in this particular trade the difference is mere 2 cents so it doesn't mater much which to use. Breakdown leads us into clean quick 1:2 risk/reward with no slightest attempt to jeopardize the stop.

Session Time: Thu Dec 02 00:00:01 2010
[08:23] {stewy} good monring all
[08:23] {Threei}  stewy :)
[08:24] {stewy} uh oh. third day here and i'm learning to misspell
[08:24] {Threei}  I know... tell me about it
[08:24] {Threei}  it's all Alert's fault
[08:24] {Threei}  he literally butchered my spwelling
[08:30] {Threei}  *(US) INITIAL JOBLESS CLAIMS: 436K V 424KE; CONTINUING CLAIMS: 4.27MM V 4.20ME
[08:30] {Threei}  - Prior Initial Jobless Claims revised higher from 407K to 410K
[08:30] {Threei}  - Prior Continuing Claims revised higher from 4.182M to 4.22M
[08:31] {Threei}  heh
[08:31] {Threei}  I am yet to see any kobless number not revised higher
[08:33] {Les} kobless is more
[08:33] {Threei}  lol
[08:33] {Threei}  I probably need to put those stickers on keys
[08:33] {Threei}  I just assume that blind typing can't be much worse anyway
[08:38] {Threei}  AA takeover chatter
[08:49] {Threei}  Goldman Sachs turn positive on US financial services sector due to macro upgrades
[08:49] {Threei}  EUR/USD Euro gives back bulk of its session gains from Asia/Early Europe; Last at 1.3128
[08:51] {RonS} can't make this stuff up:
[08:52] {Threei}  lol
[08:56] {jfjf64} mornin
[08:56] {Threei}  jf :)
[08:56] {jfjf64} had problem login into  tao trader last night
[08:57] {Threei}  ?
[08:57] {jfjf64} put name /password brought me to nada
[08:57] {jfjf64} lol
[08:58] {jfjf64} will try again this mornin
[08:58] {Threei}  let me check
[08:58] {jfjf64} see what up
[08:58] {jfjf64} ty
[08:59] {Threei}  works like charm
[09:00] {Threei}  you must have pasted wrong
[09:01] {RonS} eur dropping like a rock...
[09:02] {Threei}  as it qell should
[09:02] {Threei}  well
[09:02] {Threei}  quite a reversal
[09:02] {Threei}  SPY from +.40+ to -.30
[09:05] {ese} morning
[09:06] {Threei}  ese :)
[09:06] {davd} morning.
[09:06] {Threei}  davd :)
[09:06] {harth} Good Morning All!
[09:06] {dino} gm all
[09:06] {Threei}  harth :)
[09:06] {Threei}  dino :)
[09:07] {ese} vad davd dino harth.......
[09:07] {dino} :D
[09:07] {ese} whats mags up to these days dino........job with santa ro something
[09:07] {dino} itri, aro, kr
[09:07] {jfjf64} GANGS  ALL PRESENT
[09:08] {Threei}  (IR) Finland parliament approves Irish aid package
[09:08] {Threei}  - Voting results 105 to 63
[09:08] {ese} "hail hail the gangs all here".......
[09:10] {Les} jf quit the gang...
[09:10] {ese} say it isn't so....
[09:11] {harth} I like to think of us as a posse
[09:11] {ese} that has merrits
[09:12] {nemo} oy vay
[09:12] {RonS} uh ese, is it not "hale"?
[09:12] {davd} no ecb shock and awe. unempl numbers not optimistic.  no treasury bailout of europe.  a rational market would reverse all of yesterday's gains threei
[09:12] {stewy} y'all remind of the hollywood squares
[09:13] {ese} yup
[09:13] {Threei}  rational market?
[09:13] {Threei}  what's that?
[09:14] {davd} agreed, it'll go up because of momentum.
[09:14] {ese} was thinkin of singing "hell hell the gangs all here" ron....
[09:19] {jfjf64} im  back
[09:21] {nemo}
[09:24] {Les} lol who comes up with this crap
[09:24] {Threei}  larisa :)
[09:25] {larisa} gm :)
[09:25] {RonS} rotflol nemo
[09:26] {harth} nemo... that's good stuff!
[09:26] {RonS} classic
[09:27] {jfjf64} YA NUT
[09:27] {RonS} my Q:  is that guy dino?
[09:27] {jfjf64} lol
[09:29] {ese} rotflol.........
[09:31] {Threei} Long Setup:  LVS  .60 break
[09:31] {Threei}  invalidated
[09:31] {dino} itri gap fill, august
[09:33] {Threei} Long Setup:  RIMM  .20 break half lot
[09:33] {RonS} aro sm l .80
[09:33] {Threei}  invalidated
[09:34] {jfjf64} hmm
[09:34] {jfjf64} banks
[09:34] {Threei} Long Setup:  RIMM  62 break
[09:35] {Threei}  not a scalp
[09:36] {Threei}  1:1
[09:36] {Threei}  half out
[09:36] {jfjf64} ty
[09:36] {Threei}  1:2
[09:36] {jfjf64} .19
[09:36] {jfjf64} yahooooooooooooooo
[09:37] {Threei} Long Setup:  GS  .50 break small shares
[09:37] {Threei}  if stays above .30
[09:38] {Threei}  invalidated
[09:38] {RonS} aro out .20 +.40
[09:38] {Threei}  wtg
[09:39] {dino} gj
[09:39] {nemo} wow rimm
[09:39] {Threei}  no news
[09:39] {RonS} btfd
[09:41] {Threei}  thought of it too late: GS was better play as agressive entry on pullback
[09:41] {Les} rig
[09:43] {dino} josb sm l .15
[09:43] {Threei}  watching RIG for short
[09:44] {Threei}  yeah right
[09:44] {Threei}  no setup, just drop
[09:44] {Les} I shorted after drilling ban release yesterday and it rinsed me straight out before dropping
[09:45] {Les} squeeze maybe
[09:46] {Threei}  shorting into drop on news is asking for rinse...
[09:46] {nemo} lvs dropping
[09:46] {Les} small shares wide stop. too obvious I was above 68
[09:46] {Threei} Short Setup: RIMM  62 break
[09:46] {dino} gil, jas
[09:46] {Threei}  if stays under .10
[09:48] {dino} gil sm l .73
[09:49] {Threei} Short Setup: RIG  .50 break
[09:49] {Threei}  if stays under .60
[09:49] {dino} sm l jas .42
[09:50] {Threei}  1:1
[09:50] {Threei}  half out .38
[09:51] {Threei}  scalpers win
[09:51] {Les} ANF
[09:52] {jfjf64} lvs\gettin  hit
[09:53] {Threei}  Pending home sales in 8
[09:55] {jfjf64} .85
[09:55] {jfjf64} in
[09:55] {jfjf64} lvs
[09:56] {dino} out gil .19, +.46
[09:56] {Threei}  nice
[09:57] {RonS} took rig s .52 to .20 +.32 thanks 3i
[09:57] {dino} ty
[09:57] {Threei}  :)
[09:58] {RonS} stfr
[09:58] {RonS} "sell the freaking rip"
[09:59] {dino} sm l ltd .40
[09:59] {Les} currencies running wild
[10:00] {jfjf64} comon  lvs
[10:00] {Threei}  say what?
[10:00] {Threei}  10.4% vs -1E
[10:00] {Threei}  who makes those predictions?
[10:01] {RonS} what report 3i
[10:01] {Threei}  09:53] {Threei} Pending home sales in 8
[10:01] {nemo} market should rip now
[10:02] {jfjf64} comon  baby
[10:02] {jfjf64} lvs
[10:02] {Threei}  *(US) OCT PENDING HOMES SALES M/M: +10.4% V -1.0%E; Y/Y: -22.4% V -24.9% PRIOR
[10:02] {Threei}  - No revisions
[10:02] {Threei}  - NAR: It is welcoming to see a solid double-digit percentage gain, but activity needs to improve further to reach healthy, sustainable levels. The housing market clearly is in a recovery phase and will be uneven at times, but the improving job market and consequential boost to household formation will help the recovery process going into 2011,"
[10:02] {jfjf64} half  out
[10:02] {jfjf64} stop
[10:02] {jfjf64} 51
[10:03] {jfjf64} out
[10:03] {Threei}  wtg
[10:03] {dino} gj
[10:03] {jfjf64} need  a  drink
[10:04] {jfjf64} sd of  sold  first  leg  up
[10:04] {jfjf64} broke  my  rule
[10:04] {jfjf64} that  i was  hoping
[10:04] {jfjf64} hmm
[10:04] {jfjf64} sometimes  works
[10:07] {dino} out jas .83, +.40
[10:07] {dino} .41
[10:09] {Les} x vad. u read it?
[10:09] {Threei}  sure, just one letter
[10:09] {Threei}  long but on pullback, IMO
06[10:09] * Les performs silent clap with one hand
[10:09] {Threei}  around .85 - .90
[10:09] {Les} ok ty
[10:10] {jfjf64} lvs
[10:10] {jfjf64} gettin hit again
06[10:10] * nemo slaps les with a large koan
[10:10] {jfjf64} d/b
[10:10] {jfjf64} ??
[10:12] {dino} aro sm l .00
[10:12] {Threei}  toughie jf
[10:12] {Threei}  looks more like breakdown
[10:14] {RonS} etfc is chewing through some huge resistance setting up a breakout
[10:15] {Threei} Long Setup:  LVS  .75 break
[10:15] {Threei}  if stays above .65 for scalpers
[10:15] {Threei}  .60 day traders
[10:16] {Threei}  1:1 scalpers
[10:16] {dino} aron stopped -.31
[10:16] {dino} aro
[10:16] {Threei}  1 cent shy but what the heck
[10:17] {jfjf64} out
[10:17] {jfjf64} 1/1
[10:17] {jfjf64} ty
[10:17] {jfjf64} t
[10:17] {Threei}  :)
[10:17] {jfjf64} me
[10:17] {jfjf64} lol
[10:17] {jfjf64} partner
[10:18] {Threei}  scalpers win
[10:18] {Threei}  damn vipers
[10:22] {jfjf64} boys talk  later  have  to run
[10:22] {dino} snps sm l .55
[10:22] {jfjf64} ty3i
[10:22] {Threei}  we'll be here jf
[10:22] {Les} ciao jf
[10:22] {dino} cya
[10:22] {jfjf64} ill be  back
[10:27] {Les} banksters running. FAZ for reversal maybe
[10:30] {Threei}  ARBA
[10:30] {Threei}  interesting run
[10:31] {Threei}  (GR) IMF: Evaluating whether to extend maturities on the aid for Greece as it is an option; ECB has shown it can take necessary steps (related NBG EUR/GBP EUR/USD )
[10:32] {ese} thats a name we haven't seen for a while
[10:33] {dino} josb stopped -.35
[10:34] {RonS} arba + meli = ?
[10:34] {RonS} Ariba Mercado Libre!
[10:38] {dino} jas sm l .26
[10:39] {RonS} aro sm l .48
[10:44] {ese} itri dino......been watching it from the opening  looks good now
[10:45] {ese} L .96
[10:45] {ese} itri
[10:45] {RonS} stop aro .38 -.10
[10:46] {Threei}  the world is totally fascinated with choice of hosts for 2018 and 2022 soccer world cup
[10:46] {Threei}  crisis you say?
[10:46] {ese} and they are
[10:46] {Threei}  Russia and Qatar
[10:49] {dino} watching it too es, not in yet
[10:49] {Les} well Australia too but who the hell wants to play football in Oz?
[10:51] {ese} 1/4 out itri .11
[10:52] {dino} gj
[10:53] {ese} ya still 1500 to disperse
[10:53] {dino} whoa, gutsy on a pulp type
[10:53] {ese} ya......
[10:53] {Threei}  ugh
[10:53] {ese} have to pick my spots these days....not much time
[10:53] {Threei}  LVS, thought of .80 short and decided against it
[10:54] {ese} thats me out at .16 with another 1/4
[10:54] {ese} out another 1/4 .11
[10:54] {RonS} aro sm l .18
[10:55] {ese} balance to break even
[10:55] {Threei}  beautiful trade management ese
[10:55] {ese} will let 500 ride and see what happens
[10:56] {ese} had a good teacher........
[10:56] {dino} who?........:)
[10:56] {Threei}  I was just going to ask
[10:56] {ese} maybe ya heard of him.......runs a board called reality trader.....can't spell worth hell but a great trader
[10:57] {dino} lol
[10:57] {Threei}  vat do u meen kant spl?
[10:57] {ese} stopped balance .96 and change
[10:58] {nemo} enuf immanuel
[11:00] {ese} oh ya sure....stop me out then run up there ya BAAAAASSSSTAAAAD
[11:00] {dino} ron i'll join you on aro, sm l .24
[11:01] {RonS} you would think they lost money...
[11:01] {Threei}  well, guided down...
[11:01] {dino} yeah, wasn't bad
[11:02] {RonS} had the toughest comps in retail...only co successful year ago
[11:02] {dino} europe rockin and expanding
[11:02] {Threei}  (GE) Germany Fin Min: Forecasts 2010 debt at approx 75% of GDP, 2011 debt to reach 77%/GDP
[11:03] {dino} same tho w/ltd, gil,jas
[11:03] {Threei}  wait a min
[11:03] {Threei}  weren't we told austerity is in action and works?
[11:03] {RonS} esp gil...sheesh
[11:03] {dino} ltd to .60, snps to .80
[11:03] {Threei}  ARO spikes
[11:04] {RonS} this blog broadcast?
[11:04] {RonS} :D
[11:04] {dino} lol
[11:04] {ese} out of 8 day position in fitb 12.21 to 12.89 4k worth +.68
[11:05] {ese} was into that about 2 days too soon.......what the'll be a nice drunken christmas
[11:05] {RonS} wow ese...what a stud.
[11:05] {dino} how do you sleep
[11:06] {Threei}  I can hear snoring 15 miles away
[11:06] {ese} been playing this stock for a while....ya get that gut feeling with it every now and then
[11:06] {dino} in any case, wtfg
[11:07] {ese} that i think of it......i'm not drinkin my booze.....i'm goin to dino and mags and drink theres.......
[11:07] {_ctrade101} gm all!!!
[11:07] {RonS} nemo sent him that video early...btfd
[11:07] {dino} cool
[11:07] {nemo} x
[11:08] {dino} out snps .90, +.35
[11:08] {ese} nice
[11:08] {dino} thx
[11:09] {dino} out jas .75, +.49
[11:09] {Threei}  ctrade :)
[11:10] {dino} out ltd .60, +.20
[11:10] {ese} the daily on that dino says that one is goin up tomorrow
[11:10] {ese} snps   that is
[11:10] {dino} good report too
[11:10] {ese} look at the tail on that sucker
[11:11] {ese} howd i miss that today.........nice one
[11:11] {dino} ty
[11:13] {ese} it's mrkt reversal time shortly.....VIX looks to bottoming out here
[11:13] {nemo} or market continuance
[11:14] {ese} yup......the market goes up except when it doesn't and goes down except when it doesn't
[11:15] {ese} hows that for Tao?
[11:15] {nemo} thanks yogi
[11:15] {ese} bear?
[11:15] {Threei}  amazing poqer of observation
[11:15] {Threei}  power
[11:16] {ese} see what i mean
[11:16] {Les} hehehe put them all to shame ese
[11:17] {ese} this is a fun game except when it isn't..........don't ya think
[11:18] {Threei} Short Setup: LVS  .60 break
[11:18] {Threei}  if stays under .65 dcalpers
[11:18] {Threei}  .70 day trader
[11:19] {Threei}  nah
[11:19] {Threei}  first stop
[11:21] {Threei}  RIMM lost its mind
[11:22] {ese} am just watching that
[11:22] {Les} like LVS the other day.
[11:23] {ese} isn't the blackberry loosing ground to the iphone
[11:23] {Threei}  that's what they told us
[11:23] {Threei}  industry analysts
[11:24] {ese} maybe they got something up there sleeves
[11:25] {nemo} watch for rimm dt here, it failed bigtime at .76 yesterday, break might be a long
[11:28] {dino} sm l gil .02
[11:31] {Threei} Short Setup: RIMM  .70 break
[11:33] {Les} .80 or .85 stop?
[11:33] {Threei}  either
[11:33] {Threei}  both are valid
[11:34] {Threei}  1:1
[11:36] {Les} covered 2nd half .53 pivot .51
[11:36] {Les} ty
[11:36] {Threei}  yw
[11:37] {Threei}  nemo was right on money with double top idea
[11:37] {Threei}  1:2
[11:40] {Les} fitb 13 b/d?
[11:40] {Les} fas might consolidate here. maybe not
[11:42] {Les} lvs just made nice comeback
[11:44] {Threei}  chart is right for FITB... time is wring
[11:44] {Threei}  wrong
[11:45] {Les} ANF about to roll
[11:45] {ese} nemo......vix......any thoughts now
[11:50] {Les} lvs monster
[11:50] {nemo} looks up, but no confirmation yet, could also be bear flag down to 18.78
[11:50] {ese} hmmmmmm
[11:51] {ese} damm look at that...rimm up vix flag dn....hmmm
[11:52] {ese} snps as well dino....
[11:57] {dino} sold them all too soon
[11:58] {nemo} look at tck print 11:57:16
[11:58] {nemo} gone, it wass 122.305
[11:59] {ese} huh  really
[12:00] {nemo} in deck .95
[12:01] {nemo} tck sorry
[12:01] {Threei}  gosh
[12:01] {Threei}  scared me
[12:01] {Threei}  DECK dropped like stone
[12:07] {Threei} Long Setup:  LVS  .45
[12:08] {Threei}  if stays asbove .35
[12:08] {nemo} stopped .86
[12:10] {nemo} hah, stopped out at the low
[12:10] {nemo} omg
[12:11] {nemo} rinse
[12:14] {dino} .
[12:16] {Threei} Long Setup:  LVS  .15 break
[12:17] {Threei}  invalidated again
[12:17] {Threei} Long Setup:  LVS  .10 break
[12:17] {Threei}  band is overstretched
[12:18] {Threei}  gotta snap back
[12:18] {nemo} in
[12:18] {Threei}  stop is self-explanatory, target is about 1:2
[12:18] {nemo} ow
[12:18] {Threei}  wow... no ready yet
[12:19] {Les} used to that with lvs
[12:21] {nemo} breakouts at lunch...always hurt
[12:21] {Threei}  this is not a breakout
[12:21] {nemo} break of a range
[12:21] {Threei}  no
[12:21] {nemo} bounce play I understand, but variation
[12:22] {nemo} we didn't try to grab the bottom of the range
[12:22] {Threei}  mini rage simpk,y gives a sttruicture to a play
[12:22] {Threei}  has nothing to do with breakout
[12:24] {larisa} wow
[12:24] {nemo} wtf
[12:25] {Threei}  something's not outed yet
[12:25] {nemo} ?
[12:26] {Threei}  news
[12:26] {Threei}  that we don't know yet
[12:26] {dino} wynn dropping
[12:26] {Threei}  this is not s techinical move
[12:26] {Threei}  here it is
[12:26] {Threei}  LVS Macau Govt has reportedly denied an application for land rights at a site; considering an appeal of the decision
[12:34] {ese} s rimm 1/2 .60
[12:35] {ese} s rimm 1/2 avg .58
[12:38] {Threei}  - Sands China Ltd. (SCL), an indirect subsidiary of Las Vegas Sands Corp. (LVSC) with ordinary shares listed on The Stock Exchange of Hong Kong Limited, received a letter from the Macao Government advising SCL of the following:
[12:38] {Threei}  (1) SCL's application for a land concession for Parcels 7 and 8 on Cotai has not been approved; and
[12:38] {Threei}  (2) SCL has fifteen (15) days following receipt of the letter to apply to the Chief Executive of Macao for a review of the decision; and
[12:38] {Threei}  (3) SCL has thirty (30) days following receipt of the letter to appeal the decision to the Macao Courts.
[12:38] {Threei}  - SCL is considering all options available to it as set forth in the letter.
[12:39] {Threei}  scalped .10 - .35
[12:39] {Threei}  need to change diapers
[12:39] {RonS} scalped 47.60 to 48.20...too embarassed to mention earlier, cause of diapers
[12:40] {Threei}  :)
[12:41] {ese} not guts here covered rimm .71 -.13
[12:42] {ese} no guts
[12:42] {stewy} congrats scalpers. all i got was flicker vertigo lookin at lvs level 2
[12:42] {RonS} aro wall at .50
[12:43] {RonS} wow stewy that could cause an epileptic fit...bad enough watching the 1 min chart
[12:43] {Threei}  stewy... you mean you are looking at the screen when trading??
[12:44] {Threei}  wow... you guys never cease to surprise me
[12:44] {Threei}
[12:45] {RonS} congrats 3i
[12:45] {Threei}  thank you
[12:45] {stewy} not trading just watchin
[12:45] {Les} nice photo there vad. serene mood. one of your best
[12:46] {Threei}  I like it too, ,look great framed on the wall
[12:46] {Les} good framing with trees, depth provided by bridgge
[12:46] {Les} chair focus of interest. well done
[12:48] {Threei}  their website has questyionable color rendition, here is much better version
[12:48] {Threei}
[12:50] {Les} looks to me they compressed too much out of the original
[12:51] {Threei}  yes
[12:55] {dino} cisg drop
[12:58] {RonS} that lvs trade shot my nerves, leaving this to you dino
[12:58] {RonS} :s
[12:59] {dino} sm l cisg .50 risky
[13:15] {ese} gotta's miller.....ahem!!! choir time
[13:16] {dino} cisg stopped .19, -.31
[13:32] {davd} short gld .55 not above .8
[13:43] {RonS} sheesh...stepped outside w/ order csig l 15.40, came back sold 16.20...what a dumb *ss
[13:46] {Threei}  (US) Fed's Plosser: US has not eliminated the chances of another crisis - Q&A
[13:46] {Threei}  - Return of the gold standard would not eliminate the chance of further financial crises.
[13:47] {davd} hmm re gld
[13:48] {dino} shocking
[13:48] {RonS} cisg...thanks dino
[13:51] {dino} yw
[13:51] {RonS} this supply of stock on the offer w/ aro is seemingly endless
[13:52] {dino} thing is stuck
[14:00] {dino} gil to .39
[14:08] {Threei}  (US) Fed's Duke: Consumers do need to be protected from certain payment methodologies such as prepaid cards'
[14:08] {Threei}  what's wrong with prepaid cards?
[14:08] {dino} gil to .43
[14:08] {RonS} the fees are egregious
[14:09] {Threei}  I see
[14:09] {dino} if its prepaid how can consumer get into trouble
[14:09] {RonS} i think the fees are 5-10%
[14:10] {Les} sounds like consumer needs to be protected from banks and V/MA fees
[14:10] {dino} nobody forces them to buy
[14:10] {Les} yet they do the right thing and are screwed for it
[14:10] {Les} cease using credit
[14:11] {RonS} pay day loan guy eh dino?
[14:11] {Les} hehehe
[14:11] {dino} ahhh
[14:11] {dino} but said prepaid cards
[14:12] {RonS} Tony Soprano: "nobody forced them to take my juice"
[14:15] {dino} great show
[14:16] {RonS} out aro flat
[14:17] {RonS} fuhgetaboutit
[14:19] {RonS} went to an HBO party once...they had a life-sized picture of the male cast with a cutout of Big Pussy's face
[14:20] {RonS} You stuck your face in there and they took a picture...sitting in my office now...
[14:20] {dino} out gil .45, +.42
[14:20] {dino} lol
[14:21] {RonS} noone thinks it's
[14:21] {davd} gld stopped
[14:26] {RonS} i think the best show HBO has done is Deadwood
[14:27] {RonS} but watching that Sweringen raised my abusive language about tenfold
[14:31] {davd} agree Deadwood.  learned a lot of new swear words.
[14:32] {dino} only watched a few
[14:32] {davd} get it on tape, but keep the kids away.
[14:33] {RonS} ...and the wife
[14:34] {dino} gas
[14:37] {RonS} my gas screen shows condition 1M...what is that?
[14:37] {nemo} gas
[14:38] {RonS} is it sales last 3 min...
[14:38] {nemo} yeah
[14:38] {Threei}  circutbreaker
[14:38] {Les} god bless em
[14:38] {Threei}  gired adrisors
[14:38] {Threei}  hired
[14:38] {Les} ?
[14:39] {Threei}  legal-speak for looking to sell themselves
[14:39] {Les} right
[14:39] {Threei}  "to examine strategic alternatives"
[14:39] {Threei}  opwned
[14:39] {Threei}  opened
[14:40] {RonS} 2.1 mil sh short gas
[14:42] {nemo} why did cisg drop?
[14:44] {Threei}  CNinsure Weakness attributed to a boutique research report questioning the Chinese insurer's accounting practices
[14:44] {Threei}  - OLP Global LLC alleges that CISG overstates profits by not accounting for equity incentive programs given to its sales agents.
[14:46] {RonS} magoo channel...if i held cisg I'd be RICH!
[14:47] {nemo} deck drop
[14:48] {RonS} feels like the reatil trade is over...
[14:48] {RonS} retail
[14:52] {Les} ANF refuses to die
[14:57] {dino} got booted, rode gas down 47.24 to 46.60
[14:58] {RonS} gj
[14:58] {dino} thx
[14:58] {RonS} aro percolation
[14:59] {nemo} x
[15:00] {Les} lvs
[15:00] {Threei}  a lot of disconnections between particular stocks and market today
[15:00] {Threei}  vote on tax cuts starts in House
[15:03] {Threei} Short Setup: GS  .70 break
[15:03] {Threei}  smaller shares
[15:03] {Threei}  if stasys under .85
[15:03] {dino} gil drops back
[15:04] {Threei}  target is about .30 - .40
[15:06] {Threei}  1:1
[15:08] {nemo} bernanke has definitely put a bottom under this market
[15:09] {Les} he'll get what he wants... and then some
[15:10] {Les} dumped slw +1.50 odd today.
[15:11] {Les} re-entered this afternoon but sold it again. stock is looking tired
[15:12] {Les} another abrubt drop in price of silver. getting screwy
[15:12] {Les} shorts jumping on maybe
[15:12] {Threei} Long Setup:  CISG  .80 break smaller shares
[15:12] {Threei}  if stays above .65
[15:16] {Threei}  let's modify it
[15:17] {Threei}  .70 break
[15:17] {Threei}  someone's trying to put a floor at .60
[15:17] {Threei}  if they succeed, that would be a bounce zone
[15:18] {Threei}  very nice support
[15:20] {Threei}  come on buyers
[15:20] {Threei}  let's run it
[15:22] {Threei}  hit over 1:1
[15:24] {Les} outta here. c u's tomorrow
[15:24] {Threei}  take care les
[15:24] {dino} cya
[15:28] {Threei}  finally
[15:29] {Threei}  out .93
[15:30] {harth} that was an exercise in patience
[15:30] {Threei}  no kidding
[15:30] {dino} gj
[15:30] {nemo} nah...that was 5 minutes
[15:30] {Threei}  ugh, sold too soon
[15:30] {Threei}  whole 12 actually
[15:31] {Threei}  awwww
[15:31] {Threei}  can I have a mulligan?
[15:33] {dino} gas spike
[15:34] {stewy} thanks, threei cisg
[15:36] {Threei}  welcome
[15:36] {Threei}  quite a support that single guy set, showing just 100 shares
[15:36] {Threei}  and aborbing seemingly endless supply
[15:36] {Threei}  absorbing even
[15:40] {Threei}  could have made a textbook movie on "reserve order"
[15:43] {stewy} see you all in the morn.
[15:44] {dino} cya
[15:46] {Threei}  (US) House passes legislation to make Bush era middle class tax cuts permanent
[15:46] {Threei}  - Vote goes back to the Senate for final approval (Senate already passed a similar version of this bill)
[15:48] {RonS} reporting language is so phony...nothing is permanent w/ Congress
[15:48] {Threei}  lol
[15:48] {Threei}  come on, ron, sure there must be something
[15:48] {Threei}  stupidity?
[15:49] {RonS} members bennies and salary increases
[15:49] {Threei}  see?
[15:49] {Threei}  utter disregard for common sense
[15:50] {RonS} Mel Books:  "It's good to be the King!"
[15:50] {RonS} Brooks
[15:50] {nemo} "Wait for the shake."
[15:50] {nemo} "I love my peasants...pull!"
[15:51] {RonS} Count Monet...not money
[15:51] {nemo} and of course Harvey Corman to Mel  "Governor, think of your secretary."
[15:51] {nemo} Blazing Saddles
[15:52] {nemo} Nobody moves or the _____ gets it."
[15:52] {RonS} some actor from Croatia came to the US...went to Blockbuster and asked for The History of the World Part 2
[15:53] {nemo} thought that was Vad...
[15:53] {Threei}  Croatia?
[15:53] {Threei}  what do I have to do with it
[15:53] {nemo} no
[15:59] {RonS} cya on the playground manana...
[15:59] {Threei}  thank you all
[15:59] {Threei}  have a good evening
[15:59] {Threei}  see you tomorrow
[15:59] {dino} stop aro .02-.22
[16:00] {harth} cya Fri!
[16:00] {dino} cya
[16:00] {dino} outta of here too, thx all, good day, good time