Tuesday, November 30, 2010

Nov 30 2010

ATTENTION: A Taoist Trader Online Course is now available: http://www.realitytrader.com/taoisttrader.html

Not a stellar day, with some wins, some stops. Something was off today as we were rinsed a few too many times. Catch of the Day was good though:

X was an attractive play as its range tightened, promising an explosion coming. The question though was - which way? Break of .60 support or .80 resistance? The problem is, when such break occurs, it's often near impossible to get your shares, as action becomes fast and furious. Looking for aggressive entry (see http://blog.realitytrader.com/2007/07/how-aggressive-are-you.html for explanation) I decided on a long side. One of important factors placing odds on an upward direction was series of candles with downward tails. They signified good support, as buyers managed to close each of them at the high. We took .70 long entry with .55 stop. Chart tells the rest of the story.




Session Time: Tue Nov 30 00:00:00 2010

[08:31] mornin
01[08:31]  jf :)
01[08:38]  EUR/USD Euro hits fresh 10-week lows below 1.2980
01[08:41]  (US) Nov Intuit Small Business Employment Index +0.24% v +0.22% m/m
01[08:41]  - The Nov employment growth index translates to approximately 49,000 new jobs created nationwide.
01[08:43]  DNDN Wedbush Morgan Initiates DNDN with Neutral, price target: $39
[08:52] morning
01[08:52]  Les :)
[08:52] can't connect to realitytrader
[08:52] so in MIRC
[08:53] how do I put in that time stamp in MIRC vad?
01[08:53]  right click on the button with channel name
[08:54] found it ty
01[08:54]  this is my recipe for finding aanything
01[08:54]  right vlivk and look in the drop down menu
01[08:54]  9 out 10 it's there :)
01[08:55]  vlivk is click of course
[08:55] will remember to ask you to remind me next time...
01[08:58]  (US) Preview: Q3 and Sept S&P/CaseShiller Home Price Index expected out at 09:00 ET
01[08:58]  **Consensus expectations:
01[08:58]  - Sept Composite-20 y/y expected at -0.4% v -0.28% prior
01[09:04]  *(US) SEPT S&P/CASESHILLER-20 Y/Y: -0.8% V 1.0%E; HOME PRICE INDEX: 147.49 V 148.59 PRIOR
01[09:05]  GM CEO: demand for the Volt looks good - CNBC interview
[09:05] Good Morning All:)
01[09:05]  have expressions of interest for about 100K units so far
01[09:07]  harth :)
[09:08] <_ctrade101> gm all
01[09:08]  ctrade :)
[09:09] gm all...or should I say all own gm...isn't that 100k no. the same that the guvmint said they would buy?
01[09:09]  Ron :)
01[09:09]  hmmm... now that you said that
[09:10] I thought GE was big buyer as well...
01[09:10]  maybe this is the solution for job crisis?
[09:11] what are they going to do with them...they long ago stopped poviding vehicles for their salespeople, etc
01[09:11]  get two huge companies,
01[09:11]  make them buy eaach other product
[09:11] morning
01[09:11]  no public money for bailouts, plenty jobs
01[09:11]  ese :)
[09:11] it's beer time here ese
[09:11] central planning 3i...back to the future...
01[09:12]  yup
01[09:12]  we all know how well it works
[09:12] see ya in a couple of minutes
01[09:12]  promise of no more crises caused by market fluctuations fulfilled by replacing all those crises with one total collapse
01[09:13]  lol Les, I think you made ese jump for the beer
[09:14] and collapse would still be free markets fault...
01[09:14]  see? great solution all around
[09:15] reminds me of donkey in Shrek... "everyone running around trying  to hit me yelling PINYATA PINYATA"
[09:17] gm :)
[09:17] <_ctrade101> hey les can you tell me how cents should be my stop from my entry
[09:18] <_ctrade101> how many cents>>>>
01[09:18]  larisa :)
[09:18] ?
01[09:18]  EUR/USD Dealers noting of vague chatter 'refusing' Euro names in swap markets
01[09:18]  wrong approach ctrade
[09:18] speak to the man C
01[09:18]  stop placement is done differently, not by pure cents amount
01[09:18]  read this please:
01[09:19]  http://blog.realitytrader.com/2007/04/stops-why-and-how.html
[09:19] <_ctrade101> okay ... thanks
01[09:20]  also, for more on our traduing approach, spend an evening going over http://blog.realitytrader.com/2009/12/blog-summary.html
[09:20] Hey HEY!
[09:20] oops
01[09:20]  lay off that coffee
01[09:20]  or beer
01[09:21]  or both
[09:21] you have a plan for opening vad?
01[09:22]  not really
01[09:22]  will just watch usual suspects for a setup
01[09:23]  where is dino, gap down days... his pond
[09:23] his mama didn't deliver note?
01[09:23]  nope
[09:23] good morning all
01[09:23]  stewy :)
[09:23] dino and mags.......must be hunting
01[09:23]  take a quick look at a few new ones folks: http://photography.realitytrader.com/
[09:24] gm all
[09:24] great...a degenerate cartoon character
01[09:24]  davd :)
01[09:24]  hey, that's my favorte
[09:24] the breakwater........nice vad
[09:24] davd, stewy or nemo?
[09:24] I'm not surprised
01[09:24]  child with british accent and dream of world domination
[09:24] NICE
[09:25] very nice 3i
01[09:25]  ty
[09:25] I grabbed a pair of great tits this morning
01[09:26]  hmmm
[09:26] http://en.wikipedia.org/wiki/Great_Tit
[09:26] huh
01[09:26]  congratulations of course...
[09:26] that a boy  les
[09:26] put up a bird feeder for this sudden freeze
[09:26] rotflol......
[09:26] these little beauties show up
[09:26] nice one les.....had me goin
[09:27] gorgeous bird Les...thanks
[09:27] makes for a great opening in conversation...
[09:28] does it ever
[09:28] here for the sixty day trial as a stewdent
[09:28] nice photo, but no more upload feature
[09:28] cute
06[09:29] * Les slaps stewy around with a bad sense of humour
[09:29] must have been a real lady killer at the bar Les
01[09:29]  stewy... please remember, in this room I have total monopoly on bad jokes
[09:29] ah, initiation!
[09:29] indeed indeed
01[09:29]  you are allowed to make good ones only
[09:29] and their off!!1
[09:30] well, your opening is better than one guy I remember stewy
01[09:31]  Preview: Nov Chicago Purchasing Managers Index due out at 09:45ET
01[09:31] Short Setup: LVS  .70 break
01[09:31]  half lot
01[09:31]  invalidated for now
[09:32] L rimm .21
01[09:32]  RIMM, watching for pullback for long entry
01[09:32]  wow ese..that's a whole lot of chasing
01[09:32]  60 cents spike
[09:32] out .29
[09:32] yea with resistance at .30
[09:33] click click
[09:33] in out
01[09:33]  have a look at its drop
01[09:33]  that was your risk to get caught in
[09:33] yup
[09:33] don't try this at home
[09:33] +.08
[09:34] thought i was gonna get out in the .30's but it was too fast
[09:34] L rimm .11
[09:34] ut .24
[09:35] out 
[09:35] +.13
01[09:35] Long Setup:  LVS  .10 break
01[09:35]  if stays above 58
01[09:35]  50
01[09:36]  no go
01[09:38]  rinse
01[09:38]  grr
[09:38] L rimm 1/2 .31
01[09:38]  lol, what happened to "I hate RIMM"
[09:39] thank Jeffries?
[09:39] took a look at the daily
01[09:39]  what's with ENMD
[09:40] Chi pmi early release in 2 minutes
[09:40] stop .00
[09:40] gonna let it trade
[09:41] careful spy at support
01[09:41]  LVS, watching for take two
[09:41] am just lookin at that nemo
[09:41] spy broke low
01[09:41]  on second though, let's let numbers pass
[09:42] am risking those first 2 trades basically
[09:44] L another 1/2 avg .27
01[09:44]  LVS totally got away
01[09:45]  PMI 62.5 vs 59.9E
[09:45] no surprise there
01[09:46]  RIMM treats you well ese
[09:46] am gonna take it out rimm .73 
01[09:46]  wtg
01[09:47]  first entry was out of whack, IMO... the rest are valid plays
[09:47] tks +.66
[09:47] wow look at it go
[09:48] those of you that are new to the board.......this is not the trading method we usually do....those first 2 trades were extremely risky....need to have a quick trigger finger
[09:49] and a beer under the belt...
[09:49] yup
01[09:49]  (US) Preview: Nov Consumer Confidence due out at 10:00E
01[09:49]  **Consensus expectation: 53.0e v 50.2 prior
01[09:50] Long Setup:  X  .70 break
01[09:50]  half lot
[09:50] that's a 50/50
01[09:50]  stop for scalpers aunder .60, day traders under .55
01[09:51]  aggressive entry, not a scalp for me
01[09:51]  IMF's Lipsky: The threat to the euro is wildly exaggerated
01[09:52]  is this what they call lipsky service?
[09:52] stop that
[09:52] luv it
01[09:53]  believes the euro is solidly valued at the appropriate level
01[09:53]  sure
01[09:53]  at zero
[09:55] wedge
[09:55] x
06[09:55] * Threei kicks X in the rear
[09:55] break  the wall dn  3i
01[09:55]  scalpers 1:1
01[09:55]  day traders 1:1
01[09:56]  half out .88
01[09:56]  1:2
01[09:56]  your choiuce to exit in full or trail
[09:56] ty
[09:56] out
01[09:56]  if trailing, stop under .80 now
01[09:57]  like a dam broken
01[09:57]  see Taoist Trader course, chapter 8, Water
01[09:57]  1:3
01[09:57]  me out
01[09:57]  +.43
[09:58] nice one
[09:59] entry in the middle of the range, how did you know which way dam will be broken ? or you can control it :)
01[09:59]  of course I can
[09:59] ahha
01[09:59]  it was pretty much bull flag
01[10:00]  volume lower on down bars
01[10:00]  Consumer confidence 54.1 vs 53E
01[10:01]  and almost each bar had the tail to the downside
[10:02] L altr .88
01[10:02]  see those?
01[10:02]  candle I should say
[10:02] so buying pressure is it?...
01[10:02]  good support, yes...
[10:02] k
01[10:03]  tail down means, each time price dipped, buyers came in,
01[10:03]  snapped all they could and closed each candle higher
01[10:03]  not enough for a ytrade by itself of course,
01[10:03]  but look at it in the context of the chart
01[10:03]  as larisa said, it was a toss up between breadown and bounce
01[10:04]  so this piece of mosaic helped put odds on the right side
[10:04] Xman wolverine
[10:04] range as tight as X had, produces usually very good explosion, just never knbow which way, so entry in th middle of the range confused me, dats why i asked
[10:05] stop on altr .68
01[10:09]  true, and I wanted entry in advance, because it was likely to be impossible to catch on explosion itself
[10:10] slw
[10:10] watchin .50 break
[10:11] no pe
01[10:16]  nice ascending triangle jf
[10:16] yup
[10:16] buy on pullback to trend
[10:17] .22
[10:17] L akam
01[10:19] Short Setup: CAT  84 break, half lot
01[10:19]  if stays under .10
[10:20] altr you sloth.....break that .90 resis
01[10:21]  LVS lost its mind
[10:22] gmcr too
[10:22] fcx
[10:22] akam stop .00
01[10:24]  no go CAT
[10:25] altr    bout time too!!
[10:27] akam stop to break even.23
[10:27] bought slw .52 for overnight hold.
[10:27] what a strong market...no amount of bad news can keep it down
[10:27] yeh
[10:27] it's had the crap beat out of it nemo imo
01[10:28]  "it's a bull marker, you know"
[10:28] price of silver breaking out
[10:28] gold up huge
01[10:28]  and notice, dollar is green
[10:28] euro related
[10:29] with alot of "lets sell the ...you know what out of it early to scare people out....then up we go"  manipulation 
01[10:29]  we are approaching that second stage, when they all go up
[10:29] well...
[10:29] everything except the euro
01[10:29]  sure
01[10:29]  I was calling for USD and market to go up together
01[10:29]  Euro is trash
[10:30] t'was a joke vad
[10:30] pretty well worn around here I know
01[10:31]  I don'tr understand anyone's jokes but my own
[10:31] fair enough. it's your house
01[10:31]  nah, I act the same when visit
[10:31] out akam .36
[10:31]  +.14
01[10:31]  it's principled position
01[10:32]  there are my jokes and good jokes, and I don't get good ones
[10:32] lol ok forewarned is forarmed
[10:34] out altr .97
[10:34] +.09
[10:35] that about does it for me today.... 
[10:36] one set drummer, eh?
[10:36] yup
[10:36] :D
[10:36] just over 1k
[10:37] gambled a bit with rimm but it worked out today......wouldn't normally do that
[10:38] carry on all......i'm in watchin mode
01[10:47] Short Setup: GLD  .15 break
01[10:47]  if stays under .25
[10:49] in gld .15 short
01[10:53]  no go
01[10:54]  I am off today, better follow ese
[10:54] out gld stopped
[10:54] hmmmmmm
[10:55] he is off, he's telling good jokes...:)
[10:55] tough act to follow
01[10:56]  rofl
[10:56] lol
[10:59] GM to Export Volt .
[11:00] ...from a Canadian plant to the US?
01[11:00]  lol
[11:00] ...from Mexico?
[11:00] actually the article says to Europe.
[11:01] probably Greece...i mean who over there would be stupid enough to buy this thing?
01[11:01]  so, from Mexico rto Europe?
01[11:01]  and US benefits how?
[11:03] they'd have to rebrand the car
[11:03] no GM here
[11:04] maybe yugogm
[11:04] or...noyugogm
[11:05] actually...instead of Opel...Nopel...
[11:06] ...tending the fireplace?
[11:07] rimm approaching whole number again, this could shape up to jbe
[11:07] frig blew through as typing
01[11:09]  good read though
[11:09] that and $.10 will get me.......
[11:09] ....nuthin'
[11:10] I'm just quietly learning, I learn best when quiet:)
[11:10] then shutup
[11:10] sorry
[11:10] it was right there
[11:10] couldn't help myself
[11:11] oy vay
[11:11] it's all good
01[11:11]  just shows you how we all are different,... when I am quiet it just means I sleep
[11:11] gotta' adjust my meds
[11:12] that's why I'm quiet
[11:12] send me some...
[11:13] can't, that's favoritism
[11:14] ?
[11:14] I'm nobody's favorite
[11:14] favourite whipping boy yeh
[11:14] that's you
[11:15] spy at vwap
[11:19] vwap over how many periods nemo?
[11:19] today by minute
01[11:20]  gentle ears, close tem for a sec
01[11:20]  gotta share this e-mail, sent by a friend from Winnipeg
01[11:20]  who knowss what Winnipeg in the winter is like, will understand
01[11:20]  I get this poem every winter & every winter I love re-reading it.
01[11:20]  
01[11:20]  
01[11:20]  
01[11:20]  It's a beautiful poem and very well written.
01[11:21]  Thought it might be a comfort to you, it was to me.
01[11:21]  Winter in Canada'
01[11:21]  F**k!
01[11:21]  It's cold!
01[11:21]  The End.
[11:21] by Robert Frost
01[11:21]  lol
[11:22] small caps underperforming s&p today and yesterday
[11:22] but ndx the weakest
[11:23] gld
[11:23] and yet rimm is skyrocketting re ndx
[11:24] squeeze caused by ese
01[11:24]  lol
[11:24] :)
01[11:24]  ese has been known to send stocks skywards singlehandedly
[11:25] Fire and Ice
[11:25]

[11:25]   Some say the world will end in fire,
[11:25] Some say in ice.
[11:25] From what I've tasted of desire
[11:25] I hold with those who favor fire.
[11:25] But if it had to perish twice,
[11:25] I think I know enough of hate
[11:25] To say that for destruction ice
[11:25] Is also great
[11:25] And would suffice.
[11:25] Robert Frost 
01[11:26]  Credit default swaps on Portugal's 5-year debt rose to around 575 bps compared to 560 bps a few hours earlier and almost 40 bps above Monday's levels. Even CDS on German debt widened by almost 10 bps compared to yesterday's levels and was hovering near 60bps. Dealers were hearing vague chatter that US banks were refusing euro names in swap markets, although this sort of rumor is usually designed to magnify fears of contagion in extreme markets
01[11:27]  All eyes are now turning toward Thursday's ECB meeting to see whether the ECB will extend bank access to unlimited three-month funds beyond January.
[11:28] I like Vad's peom better
01[11:28]  me too
01[11:28]  laconic is good
01[11:29]  and very expressive
[11:29] ...is that true Les?...just starting at the calendar now?
[11:29] staring
[11:30] spy forming pennant
[11:30] rig exploded
01[11:30]  no news that I see
01[11:31]  worth watching for long entry on pullback
01[11:31]  very risky, not for everyone
01[11:32]  .20 - .30 zone is interesting for entry if gets there
[11:34] in cree .25
[11:34] stop .18
01[11:35]  RIG is there
01[11:35]  in .23
01[11:36]  out .40
01[11:36]  that was nice
01[11:36]  uncharacteristicably predictable
[11:39] missed it cause I blinked
01[11:40]  it was way too fast
[11:40] 1/2 ou .35
01[11:40]  couldn't put official call in
01[11:40]  case where I can alert in advance, and if yuou can read and execute it 0- fine, otherwise stay away
[11:41] 1/4 more .46
[11:42] stop to .50
[11:42] .49
[11:43] 3i, some large bidder has been flashing sizeable bids on lvs. There have been no tests of these bids yet and the response so far hs been to spur shorts to cover.  If and when this seller (as it appears to moe) gets done, LVS could move lower dramatically imo
01[11:43]  what price does he blink?
[11:44] be back hard stop cree
01[11:44]  very nice play nemo
01[11:45]  I don't see hi right now Ron, but the idea sounds right
[11:45] it moves with any .10 to .20 drop
01[11:45]  hi = him
01[11:45]  this is exactly the kind of thinking that maketh a trader
[11:46] ya it is intermittant...happened about 8 times so far...and the response is immediate in his favor so goes away
01[11:49]  it's soul warming when you start seeing these things, eh
01[11:49]  no longer a victim of manipulations, but a cold blooded observer, recognizing them and able to stay safe and even exploit them
01[11:50]  because contrary topopular opinion, a maniopulator is trader's best friend
01[11:50]  imperative word is "trader" - someone who can see the manipulation and use it to his advantage
[11:51] but the macro is unsettled...pomo goes on, EU is crap and 12/1 supposedly statistically strong day
[11:51] jus appeared and tested for first time...took the shares
01[11:57]  market spike
01[11:57]  no news
[11:57] watch fcx
[11:59] tck gone already
01[11:59]  X looks breaky as well
[11:59] lunchtime too...frickin agita
01[12:11]  USD/CNY ECB's Trichet: Cannot confirm whether China is buying euros rather than dollars; 'would have to ask China' that question
[12:17] bet dino woulda' seen pde
[12:17] wll
[12:17] sorry
01[12:18] Short Setup: X  .50 break
01[12:18]  just a scalp most likely
01[12:22]  gosh ASTM
01[12:22]  aall the way back after that rally
01[12:31]  Fed's Kocherlakota: Fed bond buying will have a modest impact on the US economy
01[12:31]  modest good or modest bad?
01[12:31]  believes the Fed can control any inflationary effect of QE2
01[12:31]  uhhu
01[12:32]  because they did such a great job before, right?
01[12:38]  Guess-who is on TV soon, summarizing the meeting with republicans
01[12:38]  aka slurpie summit
[12:51] dems grape reps cherry
01[12:51]  I am afraid to ask what it means
01[12:52]  for some reasin, TSA comes to mind
[12:57] slurpie flavors...
01[12:57]  oh
01[12:58]  lol
[13:01] .
01[13:08]  US President Obama: There was broad agreement among Repubs and Dems that the tax issue should be resolved by year end; Americans 'did not vote for gridlock'
01[13:08]  - Felt meeting with republicans and democrats went well
01[13:09]  actually, americans did vote for gridlock
01[13:10]  (US) US House Speaker Elect Boehner (R): Obama has committed to additional talks on tax cuts with the Office of Management and Budget
01[13:10]  - Republican Senate leader McConnell; there is no particular reason why a deal on a tax cut would not be reached
01[13:10]  - House Republican leader Cantor: Encouraged by meeting with Obama; feels the President will be 'reaching out more'
01[13:14] Short Setup: AKAM  .90 break
01[13:14]  half lot
01[13:15]  if stats under 52
[13:17] cya all tomorrow
01[13:17]  take care ese
[13:17] cya ese
[13:17] cya ese
01[13:17]  nothing works for me anyway
[13:18] vad patience ron 
[13:18] ya me too...gotta teach choir
[13:18] i know you won't be able to do this but my choir is singing at the Bay center friday at 11:00am vad
01[13:19]  well... kind of open maket time :)
[13:19] ya
[13:19] cya
01[13:19]  although if I trade on Friday as I do today, I may be better goijng to that concert, lol
01[13:38]  rinse AKAM
[13:39] <_ctrade101>                      what rinse means???
01[13:40]  hitting stop, then working as intended
01[13:40]  rinsed us out
[13:40] <_ctrade101> okay
01[13:41]  (GE) German Wisemen: Risks to the euro are huge, Germany needs to do more if it wants to keep the euro (related EUR/USD EWG BUNDS )
[13:47] took akam s .92 to .68...bigger stop, bigger target...thx 3i
01[13:47]  yw
[13:49] the nq futures order flow has had 9 lows today...quite unprecedented
[13:50] <_ctrade101> akam is going downnnnnn
[13:51] either to .50 or .40
[13:51] <_ctrade101> to .40
[13:52] meantime rimm pounds higher...lol
01[13:52]  so much for "blackberry is done" eh
[13:53] <_ctrade101> wich direction lvs is going???
01[13:54]  no idea
[13:54] thataway
[14:01] wow, check the put action in X w/ its strength...
[14:01] sure would like to know if those were bought or sold...
[14:07] wow, 24k+ of rimm mar $80 calls bought today
[14:11] rumor...bac target of wikileaks...
01[14:12]  yeah, for a few hours already
01[14:12]  not fresh
[14:15] apparently it is to these new sellers...
[14:15] dino play...
01[14:16]  Faspariono tweeted about it
01[14:16]  Gasparino too
[14:16] Fazparino
01[14:17]  ank of America Corp Fox Buiness's Gasparino tweets that his sources at BAC indicated that they have no information that they are the target of the upcoming Wikileaks release
01[14:17]  - Note: A widely circulated Forbes interview earlier had quoted Wikileaks Editor in Chief Assange as saying his next Wikileaks release may bring down "1 or 2 US banks" given the "tens of thousands of its documents that reveal some sort of unethical behavior,", and in the interview Assange did comment that Wikileaks has not notified the subjects at the heart of the release
01[14:17]  - Reminder: Earlier the Business Insider speculated that BAC was the subject of the upcoming Wikileaks release given Assange's prior comments in 2009 that highlighted a hard drive that had come into his possession that pertained to BAC
[14:17] easy on the whops
[14:17] wops
[14:17] gold ropping
[14:17] dropping also 
01[14:17]  it's contagious davd
01[14:18]  I'd avise 10-15 min each evening in front of mirror, repeating "I do not type as Vad does"
01[14:18]  although frankly... I tried that, didn't work
[14:20] Assange one year ago: " i have a dream...to be a bigger jerk than michael moore..."
01[14:20]  think he is there yet??
[14:21] never seen anyone so sanctimoniously smarmy...
[14:22] obama pelosi reed
[14:22] Ted Turner
[14:22] good one
[14:23] but Ted was a genius in the early days...
[14:24] now is is just an old drunk spouting bs
[14:26] but hey, i can respect that...reminds me of 3i...:O
[14:26] ...just a joke...
01[14:26]  sigh
[14:26] good one
[14:26] bye Ron
[14:26] lol
[14:27] tck fcx at 200
[14:27] bac lod
01[14:28]  GS...
01[14:28]  maybe a better short cadidate on this hoopla
[14:29] would not wikileaking GS be like leaking the Mob?
[14:29] he be ded mofo
[14:29] watch for spy bounce vwap
[14:29] not him, the leaker...
01[14:29]  I don't mean that GS is a wikileak's target
01[14:30]  this wave affecting the sector as a whiole, and uncertainty taints all big names
01[14:30]  BAC dropped 5 cents while GS 25
[14:37] what is causing this 30 minute selling?
01[14:37]  most likely this wikileaks thingy
[14:39] bounce time
[14:42] good day, all. see you in the morn. 
01[14:42]  take care stewy
01[14:42]  GS nice slide
[14:44] stew's gone cold
[14:45] well I thought that was funny
[14:46] akm
01[14:47]  actually yes Les
01[14:48]  but I have to maintain reputation of not laughing at anyone else's jokes
[14:48] sigh
[14:49] strange 5 min chart silver futures
[14:49] http://www.finviz.com/futures_charts.ashx?t=SI&p=m5
[14:49] like the POMO tap was turned off
[14:50] silver price just ebbing away
[14:53] crude cliff drop. strange
01[14:55]  it all becomes a bit twisted these days Les, and will be for a nearest while, IMO
01[14:55]  what we are witnessing is serious change in traditional market interrelations
[14:56] permanent change? interventionist change...?
01[14:56]  PMs/currencies/equities/commodities - people got used to cretain relation between all of them -
01[14:56]  well, nothing is permanent
01[14:56]  but what we had over lastr years is in the process of reshaping
01[14:57]  Euro troubles create new angles,
01[14:57]  uncertainty with economic recovery,
01[14:57]  currency wars
01[14:57]  all these things weigh on commoditiess in new ways
01[14:57]  and my feeling is, market hasn't sorted things out yet
01[14:58]  so, some of these vhaartd and reactions start looking weird
01[14:58]  but don't form new patterns yet
01[14:58]  vhaartd?
01[14:58]  what on earth have I tried to type?
01[14:58]  charts
[14:59] it's ok. I understood you
01[14:59]  wow... this is very very alarming
01[14:59]  be careful...
01[14:59]  undergo regular checkups
01[15:00]  some things are still relatively easy to read if you understand main underlying principles,
01[15:00]  as with my favorite example of late, USD strength after QE2 which anyone stufying Taoist Trader would be able to call
01[15:01]  having studied rather
[15:01] stufying... not bad. I like that
01[15:02]  frikin labels on keyboard gone again, typing blindly
[15:04] should be an improvement
06[15:05] * Les smack Nemo with a walking stick for the blind
06[15:06] * nemo slaps Les around a bit with a large bokken
[15:06] who walks around with a frikin sword?
[15:06] improvise, adapt and overcome!
[15:07] just didn't want to get gookies on my hand
[15:10] bac lod
[15:10] bernanke on tv
[15:12] bac 13.5 mil sh traded last 3 minutes
[15:13] http://www.youtube.com/watch?v=Th_zlxmddNY
[15:15] burn baby burn
[15:15] great beat...if you are spastic...
[15:16] so that's why everyone used to make fun of me...
[15:16] fas daily at pivot resistance
[15:17] banks ain't looking so hot
[15:27] i will be away for your birthday vad...not many days now
[15:27] patience dcc
01[15:28]  that's OK, I decided to skip it this year anyway
01[15:37]  look GS
01[15:41]  bounce time soon
01[15:42]  one more leg down
01[15:42]  and bounce from under .50 most likely
01[15:42]  alternatively, .80 break but this one is less attractive to me
01[15:44]  here we go
01[15:44]  in .46
01[15:44]  stop under .35
01[15:44]  half out .60
01[15:44]  stop to under .40
01[15:46]  out 1/4 more
01[15:46]  (PO) S&P places Portugal's ratings on watch negative
01[15:47]  stop to .45
01[15:47]  out last part b/e
01[15:47]  not bad for the last trade of the day
01[15:48]  anyone is still alive or I am talking to myself?
[15:49] I'm here
01[15:49]  okay... let's talk then, the rest can sleep
01[15:49]  how's the weather?
[15:49] me  here
[15:49] terrible 16degrees and wind 27mph
01[15:50]  yikes
[15:50] 16 degrees sounds nice
01[15:50]  if there are three of us, bottle of the scotch is in order
[15:50] I'm on red, but thanks anyway
01[15:50]  16 F, Les
[15:51] still sounds nice
01[15:51]  so not
01[15:51]  it's -10C which is nice only wihtout wind
01[15:52]  with good wind it can feel like -25C easy
[15:52] I can't get temperature conversion for -4 degrees celcius... wait a second
[15:53] 16F shit that is cold
[15:53] it's -2F with the wind chill
[15:53] -8 degrees celcius
[15:53] I shouldn't be bitching then
[15:54] but lots of snow. so skiing with kids is in order soon
01[15:56]  not very happy wioth today's performance, couldn't quite get the rhythm
01[15:56]  catch of the day was good
01[15:56]  look the chart for explanations
01[15:56]  will post it in 10 min
01[15:57]  thank you all meanwhile, have a good evening
01[15:57]  see you tomorrow
[15:57] You too Vad! Have a Good Evening All!

Monday, November 29, 2010

Nov 29 2010

Slow day with little activity, but we did squeeze 3-4 wins with just one stop. No interesting charts though.


Session Time: Mon Nov 29 00:00:00 2010
[08:42] {Threei} *(CA) CANADA OCT INDUSTRIAL PRODUCT PRICE M/M: 0.5% V 0.3%E; RAW MATERIALS PRICE INDEX M/M: 1.7% V 0.9%E
[08:42] {Threei} (IR) ECB's Honohan: Irish govt aims to plan out fiscal steps beyond 2011; Anglo Irish Bank will be unwound more speedily
[08:42] {Threei} - Would be 'very disappointed' if Irish banks spend the entire 25B contingency fund.
[08:57] {_ctrade101} good morning
[08:57] {Threei} morning ctrade
[08:57] {_ctrade101} today is my first time on this chat room
[08:58] {Threei} welcome
[08:58] {_ctrade101} thanks
[08:58] {Les} {------- slaps ctrade around with a big swiss cheese
[08:58] {Les} welcome C, morning vad
[08:58] {Threei} meet Les, our Swiss resident
[08:59] {Les} or afternoon as that may be
[08:59] {Threei} nah, morning here
[08:59] {nemo} yeah, they threw him out of australia, someone had a brainfart at the Swiss immigration office
[08:59] {Threei} AONE
[08:59] {Threei} A123Systems Wunderlich Securities Cuts AONE to Sell from Hold, price target: $6
[08:59] {Threei} lol
[09:00] {Les} I'm led to believe that US immigration won't let you out of the US Nemo
[09:00] {nemo} I'm considered a National Treasure
[09:00] {Les} :)
[09:00] {Threei} not exactly Les... they'd happy to boot him out but other countries demand we keep him in
[09:01] {nemo} frickin' nflx
[09:02] {Les} you were shorting it Nemo?
[09:05] {nemo} never....it just goes and goes and goes
[09:06] {Threei} we know better than shorting freight train
[09:07] {Threei} leavr it to novice crowd that believes in "overboguth and oversold" concept
[09:07] {Threei} EUR/USD Euro and Cable set fresh session lows (related GBP/USD USD/JPY EUR/JPY )
[09:07] {nemo} I believe in overboughter and oversolder
[09:07] {Threei} and overboughtest and oversoldest
[09:07] {davd} correct 3i - don't short amzn or aapl or either
[09:08] {nemo} never heard of "either" before
[09:08] {Threei} well... do short but only when the trend is clearly over
[09:08] {Threei} beginners try to trade on the left side of the reversal
[09:08] {Threei} pros wait for the right side
[09:09] {davd} imo some say gamestop is the next Blockbuster
[09:10] {Threei} EUR/USD *MOVES BELOW 200 DAY MOVING AVERAGE (related GBP/USD )
[09:13] {nemo} spy at support
[09:05] {_ctrade101} when you telll support level...what is the time frame u use for that...
[09:06] {Threei} well, for day trades we usually use combination of 1 min and daily
[09:06] {_ctrade101} ok thanks...
[09:07] {Threei} but it really depends on one's particular trading style
[09:07] {Threei} I like trades resolving quivkly, with instant gratification
[09:07] {Threei} so I keep 1 min
[09:07] {Threei} more patient types use longer timeframe
[09:08] {Les} $ is on a tear today
[09:08] {Threei} yup
[09:09] {Threei} I guess I still hold the title of the only one who called USD long at the QE2 announcement
[09:09] {Les} speaking of shorting. watching LVS for a multi day short
[09:09] {Les} yeh still no one talking up the buck
[09:09] {Les} not that I see
[09:09] {nemo} all currencies are on knife edges
[09:09] {Threei} still eh... let alone of the call in advance of that
[09:09] {Les} http://quotes.ino.com/exchanges/exchange.html?e=FOREX
[09:09] {Threei} everyone was "oh, Fed's printing more, buck is going down"
[09:10] {Les} Asia currencies Nemo
[09:10] {Les} I see $ being repatriated
[09:10] {Les} risk off
[09:10] {Les} how long
[09:10] {Les} ?
[09:10] {Threei} only Taoist traders know the truth { G}
[09:11] {Les} http://stockcharts.com/charts/performance/perf.html?[SECT]
[09:12] {Les} I noticed consumer disc. sector outperformer last 60 days
[09:12] {Les} I assume LVS is consumer discretionary?
[09:12] {Threei} I'd say so... hard to imagine something more discretionary than that
[09:12] {Les} maybe consumer staple in american society....
[09:12] {Threei} aside opf private jets and yachts
[09:14] {Les} so watching lvs for lower high.
[09:15] {Threei} sounds about right, just remember that LVS moves in unison with market
[09:17] {Les} yeh. market sorta looks like reflection point. up or down is anyone's guess
[09:17] {Les} u got working assumption going into today?
[09:17] {Threei} so far, bounce at the open then selloff
[09:18] {ese} morning
[09:18] {Threei} ese :)
[09:18] {Threei} (IR) Reportedly Norway Fin Min Johnsen states that the country will consider loan assistance to Ireland
[09:18] {Threei} ***Note: Per EU/IMF loan agreement to Ireland, 3.44B will come from the UK, 393M from Denmark and 598M from Sweden.
[09:19] {larisa} gm :)
[09:19] {Threei} Ireland Portugal... whatever. What are they going to do when Spain goes under is the question
[09:19] {Threei} larisa :)
[09:19] {larisa} vad :)
[09:20] {ese} well it looks like were getting to the harth of it
[09:21] {ese} welcome
[09:21] {Threei} ese is so observant so early in the morning...
[09:21] {Threei} must be intravenous coffee injection
[09:21] {harth} good morning!
[09:21] {Threei} harth :)
[09:22] {RonS} a good morning to all :)
[09:22] {Threei} Ron :)
[09:22] {ese} pure caffine
[09:23] {jfjf64} mornin
[09:23] {Threei} jf :)
[09:23] {ese} jf
[09:23] {jfjf64} ese
[09:23] {jfjf64} 3i
[09:25] {Threei} (EU) OECD chied Gurria: Believes that both Portugal and Spain can handle the current crisis (related BUNDS EUR/USD EWP )
[09:25] {Threei} sure
[09:29] {Threei} LVS is a short candidate on the bounce
[09:29] {Threei} watching if we get any
[09:30] {Les} yeh weak isn't it
[09:31] {Threei} not much of a bounce eh
[09:31] {Les} :)
[09:32] {Threei} OK, turns into long candidate
[09:33] {Threei} Long Setup: LVS .50 break
[09:33] {Threei} half lot
[09:33] {Threei} if holding above .35
[09:33] {Threei} *ECB COMPLETED 1.35B IN SETTLEMENTS FOR ITS GOVT BOND PURCHASES IN W/E NOV 26H VS 713M W/E; TO DRAIN B IN NEXT 7-DAY TERM DEPOSIT TENDER ON TUESDAY NOV 30TH (related BUNDS EUR/USD )
[09:34] {Threei} RBY Halted: news pending (4.50, +0.07, 1.58%)
[09:34] {Threei} 1:1 LVS
[09:35] {Les} out. only 200 shares :(
[09:35] {jfjf64} ty
[09:35] {Les} but ty
[09:35] {jfjf64} .61
[09:35] {Threei} don't spend it all at one place Les...
[09:35] {Les} :P laser on holidays...
[09:36] {Threei} :)
[09:36] {Threei} wow RIMM
[09:36] {Threei} watched it for reversal too but never found right entry
[09:36] {Threei} .85 was it in retrospect
[09:36] {Les} FCX 97?
[09:37] {Threei} not delighted by FCX so far
[09:37] {Threei} rather short candidate
[09:37] {Threei} LVS 1:2
[09:37] {Threei} over and out
[09:38] {RonS} look X
[09:38] {jfjf64} slw
[09:39] {jfjf64} hit
[09:39] {_ctrade101} thanks made my day...
[09:39] {Threei} cool beans ctrade
[09:39] {_ctrade101} very nice trades
[09:39] {Threei} X... looks a bit better than FCX
[09:40] {Threei} .80 maybe worth a try
[09:40] {Threei} on along side
[09:40] {Threei} if olding .70
[09:40] {Threei} nope, invalidated
[09:42] {Threei} RIMM
[09:42] {Threei} watching for bounce setup
[09:42] {Threei} prepare half lot
[09:42] {Threei} sheesh
[09:42] {jfjf64} wow
[09:42] {Threei} thing is determined to not let us in
[09:43] {Threei} OK
[09:43] {Threei} .30 kong
[09:43] {Threei} if holsding .20
[09:43] {jfjf64} rimm
[09:44] {nemo} lvs, oy
[09:44] {Threei} lol
[09:45] {Threei} LVS, time for top hunt
[09:45] {jfjf64} yaa
[09:45] {Threei} viewing LVS chart, look where we got in
[09:46] {Les} look where we got out :)
[09:46] {Threei} RIMM, becoming even more intereasting here
06[09:46] * Threei slaps Les around a bit with a large dose of realism
[09:47] {davd} financials strong
[09:47] {Threei} Long Setup: RIMM .90 break
[09:47] {Threei} half lot
[09:47] {Threei} if holding .80 of course
[09:48] {Threei} LVS, no reversal time yet
[09:48] {Threei} RIMM 1:1
[09:48] {Les} yeh that was quick. out .99 ty
[09:49] {nemo} cree-WOW
[09:49] {jfjf64} ty
[09:49] {jfjf64} rimm
[09:49] {Threei} yw
[09:50] {Les} lvs toppy?
[09:50] {Threei} I thought so just a few seconds ago
[09:51] {jfjf64} rimm
[09:51] {Threei} but instead of staying under .50 and giving us .40 short trigger and went to new high
[09:51] {Les} yeh will hold my horses a couple more minutes
[09:51] {Threei} I even started typing slert
[09:52] {Threei} gosh... my typing hits new lows today
[09:53] {nemo} choppy action
[09:53] {jfjf64} yes careful
[09:53] {nemo} spy at suport again testing lows
[09:53] {Threei} aren't we always
[09:53] {jfjf64} yes sir
[09:54] {nemo} Les leads with his head
[09:54] {Les} it's a hard one
[09:54] {Threei} lol
[09:54] {nemo} ehhh...soft as lead, just as dense
[09:54] {jfjf64} rimm
[09:54] {jfjf64} watchin
[09:55] {ese} don't know about you all...but i'm finding my charts hard to read which is as perusual after some holiday trading action/gaps
[09:55] {jfjf64} go lower
[09:55] {jfjf64} lol
[09:57] {Threei} market fell of a cliff
[09:57] {Threei} warning to be careful was timely
[09:58] {jfjf64} yes
[09:58] {Threei} 'cause as you know a taoist Trader is:
[09:58] {Threei} Cautious, like crossing a wintry stream,
[09:58] {Threei} Irresolute, like one fearing danger all
[09:58] {Threei} around
[09:58] {Les} fcx vad
[09:58] {Les} .50 b/d?
[09:58] {Les} with some consolidaton
[09:58] {Threei} let's see if it gives us good resistanbce
[09:58] {Threei} the idea of this break overall I like
[09:59] {Threei} just need nice clea upper envelop
[09:59] {Threei} clean
[09:59] {nemo} but spy recovers, so does fcx, also a db setup
[10:00] {jfjf64} lets mk up mind
[10:00] {jfjf64} lol
[10:00] {Les} damn just watched lvs fall off .20 cliff
[10:00] {Threei} no setup for LVS reversal
[10:01] {Threei} FCX, maybe aggressive entry is better idea
[10:02] {Threei} no, don't see a setup either way
[10:04] {Les} :(
[10:04] {Threei} oh well
[10:04] {Les} just covered .60 short +:02
[10:05] {Les} shoot me nemo
[10:05] {Les} hmmm must be coffee break already
[10:06] {Les} spy 50 ma on daily here
[10:06] {jfjf64} market bounce
[10:06] {Les} $ ain't stopping yet
[10:10] {Les} jeez EUR/USD is a tailspin
[10:10] {Threei} RBY Announces 4.0M Ounce Inferred Gold Resource Estimate Grading 20.1 g/t gold (0.59 oz/ton gold) at its Phoenix Gold Project, Red Lake, Ontario (4.50, +0.07, 1.58%)
[10:11] {nemo} we're all currency traders
[10:11] {Les} what happened to buy and hold?
[10:11] {nemo} still valid, buy stocks, hold on to your ass
[10:11] {Threei} lol
[10:11] {Les} :)
[10:14] {davd} good one nemo
[10:14] {nemo} ty, considering it's a Monday
[10:14] {davd} although i warn you, Vanguard says indexing is the way to go.
[10:14] {Les} not taken yer meds yet...
[10:14] {jfjf64} cat
[10:14] {jfjf64} bounce
[10:14] {nemo} yeah, as long as you don't need your money after a collapse
[10:15] {nemo} spy to .30 area
[10:16] {Threei} US President Obama to make statement later today on possible pay freezes for the US Govt - CnBC
[10:16] {jfjf64} rig
[10:16] {jfjf64} wow
[10:19] {ese} L akam.96
[10:20] {ese} out akam .15
[10:20] {ese} +.19
[10:20] {Threei} not fooling around eh
[10:20] {ese} nope
[10:21] {ese} thats the way i like it.....5 to 10 seconds in.....done
[10:21] {nemo} What's your wife think about that?
[10:21] {Les} yer missus... yeh
[10:21] {Les} what nemo said
[10:21] {Threei} ugh
[10:21] {Threei} thought of RIG .40 short
[10:22] {ese} hmmmmmmm.....shall i ask her
[10:22] {Threei} and decided against it
[10:22] {ese} sheesh.....can't a man get any privacy around here
[10:22] {Threei} not much chance
[10:22] {Threei} not with this board
[10:23] {nemo} crissakes ese, you led with your chin on that one
[10:23] {ese} yup
[10:24] {ese} definitely asked for that one........
[10:25] {Threei} *(US) NOV DALLAS FED MANUFACTURING ACTIVITY: 16.2 V 3.0E
[10:25] {Threei} what?
[10:26] {nemo} not moving the indexes
[10:26] {Les} typo? market is ignoring it
[10:26] {ese} eggzactlilly
[10:26] {nemo} vad, fix ese's speling
[10:27] {ese} lol
[10:27] {Threei} tough case
[10:27] {nemo} eqzaktly
[10:27] {ese} blind leading the blind there
[10:27] {Threei} Short Setup: V .50 break
[10:27] {Threei} half lot
[10:27] {Threei} not a scalp
[10:28] {Threei} if stays under .65
[10:28] {ese} in
[10:28] {ese} .48
[10:31] {Les} cutting my position in half
[10:33] {Threei} no go
[10:33] {ese} stopped .59
[10:33] {ese} covered rather
[10:34] {ese} could see that coming....watched the vix shoot dn ...knew it was headed up
[10:38] {Les} RBY
[10:39] {Les} lol was wandering why it wasn't moving on such good news
[10:42] {davd} small caps weaker than s&p500. first time in a week?
[10:43] {jfjf64} nflx
[10:43] {jfjf64} lol
[10:43] {jfjf64} was makin nice wedge
[10:45] {Les} FCX .50 b/d bear trap
[10:45] {Les} at 10am
[10:48] {davd} again, good call nemo on spy to .3
[10:48] {ese} L sina .96
[10:49] {nemo} interesting too: 50% retracement from today's low to friday close was the open
[10:49] {ese} crap out sina .22 avg
[10:49] {ese} now that was fast too
[10:49] {Threei} vey nice
[10:49] {Les} nice vol. on the break
[10:50] {ese} +.26
[10:50] {nemo} amrn
[10:50] {nemo} sorry
[10:50] {ese} ya ....that was very predicatable les
[10:50] {_ctrade101} i'm having a delay on my messages...is this normal???
[10:50] {ese} only if your drunk
[10:50] {nemo} what messages, in mir or mibbet?
[10:50] {Les} RBY monster
[10:51] {davd} i have it as support on my indicators too, but i'm never convinced it will bounce back to it...
[10:51] {ese} they say that alcohol before trading is not a good idea....but i've never found that to be the case
[10:51] {Threei} no ctrade, there shouldn't be any
[10:52] {davd} im partial to a six pack myself
[10:52] {ese} vads vodka mix works for me
[10:53] {_ctrade101} okay ... thanks threei
[10:53] {davd} they've outlawed naked trading, hopefully not twi
[10:53] {ese} damn....gotta go get dressed
[10:53] {ese} see ya in aminute
[10:54] {davd} you're making me blush ese
[10:54] {Threei} not that there is anything wring with that
[11:00] {Threei} SINA is still going
[11:07] {Les} RBY .70 b/d?
[11:08] {Threei} way too slow to be readable one way or another
[11:08] {Les} gone to sleep u say?
[11:09] {Threei} who?
[11:09] {Les} RBY
[11:09] {Les} no need to ask about your condition
[11:09] {Threei} right
[11:09] {Threei} not necessary,
[11:10] {Threei} just moves too slowly to give reliable read
[11:16] {Les} miners in play. SLW GDX
[11:16] {nemo} $ up oil up
[11:19] {Threei} if ese bought his usual small lot on UUP 23 break, he is up $400,000 at this point
[11:19] {Threei} well, minus commissions'
[11:29] {ese} huh....sorry missed that
[11:29] {ese} gonna check out uup
[11:33] {Threei} we s[poke about it a few days ago
[11:33] {Threei} you were interested in 23 break
[11:36] {ese} ya...i remember that
[11:44] {Threei} want to short something
[11:45] {Threei} or someone
[11:45] {Les} lvs?
[11:45] {Les} 50
[11:45] {Threei} not very clear...
[11:45] {Les} .05 yesterday's close
[11:46] {nemo} chopchopchopchopchopchopchop
[11:46] {Les} .03
[11:46] {Les} yeh
[12:00] {Threei} Long Setup: V .50 break, half lot
[12:01] {Threei} if stays above .40 for scalpers, .35 for day traders
[12:04] {Threei} invalidated
[12:06] {Threei} the worst thing about today: passing of Leslie Nilsen
[12:14] {Threei} (US) President Obama: US must correct its long-term fiscal course (related TLT SHY )
[12:14] {Threei} no really?
[12:15] {RonS} fat lip service
[12:16] {Threei} V is trying to reestablish setup
[12:18] {Threei} if triggers, target is about 1:2
[12:18] {Threei} discretionary trade
[12:18] {Threei} you likey - you takie
[12:23] {Threei} big offer at .50
[12:24] {Threei} strentghens the case for long trade on break
[12:27] {Threei} DVAX Journal publishes new findings on the role of TLRS in cutaneous lupus
[12:30] {Threei} (KS) Reportedly US official calls for stronger enforcement of sanctions on North Korea (related EWY USD/KRW )
[12:31] {RonS} like stopping them from exporting missles to Iran?
[12:34] {Threei} lol... one of leaked documents likens Medvedev to Putin/Batman's Robin,
[12:55] {davd} i hope we aren't on wikileaks :P
[12:56] {nemo} in fcx .25
[12:56] {nemo} stop under .20
[12:56] {nemo} 1/2 out .40
[13:10] {nemo} oh, got all out at .39
[13:10] {nemo} bounced off 50 ma
[13:16] {Les} I'm sure Nemo's on an FBI list somewhere davd
[13:18] {Threei} he can breahe esily though - FBI is aall too busy now tracking down those leaks
[13:32] {Threei} (US) Fed's Bullard: Logistics of the Consumer protection agency within the Fed are unclear; Agency has funding issues and will be inflexible
[13:33] {davd} oh that clears it up, thanks
[13:46] {Threei} V irrritates me to no end, lol
[13:46] {Threei} forms that setup once and again, then invalidates it
[13:48] {nemo} watch fcx to form range here at resistance then
[13:48] {nemo} rig might be interesting above .0
[13:49] {nemo} .85 sorry
[13:51] {Threei} V broke finally... I am not enthusiastic though
[13:54] {ese} too much stuff to do....8 christmas shows in the next 2 weeks and a bit......gotta go
[13:54] {ese} cya ya tomorrow
[13:54] {nemo} TFTW
[13:54] {Threei} take care ese
[13:57] {Threei} V worked after all
[13:58] {RonS} cya ese
[13:59] {nemo} in rig .85
[13:59] {nemo} 1/2 out .98
[14:01] {Threei} nice and easy
[14:03] {nemo} 1/4 more .05
[14:03] {nemo} stop to .89
[14:06] {nemo} stop to .94
[14:07] {nemo} hah, didn't get it
[14:07] {nemo} first time missing a stop worked in my favor
[14:08] {Threei} just don't make a habit out of it :)
[14:08] {nemo} Had the order, didn't get hit
[14:08] {nemo} out
[14:09] {nemo} was just about to hit market sell and it popped up
[14:17] {nemo} rig setting up again
[14:19] {RonS} Clinton Says U.S. ‘Strongly Condemns’ Leak of Diplomatic Cables
[14:19] {nemo} BFD
[14:19] {Threei} it actually starts looking to me like going back to high
[14:19] {Threei} RIG I mean
[14:20] {nemo} yeah
[14:20] {Threei} needs market help
[14:20] {nemo} got shaken out right at my stop
[14:20] {nemo} maybe not look at oil
[14:21] {Threei} well... RIG is not really direct oil followre
[14:25] {Threei} (KS) Foreign ministers of US, Japan and South Korea to meed in December in order to discuss ways to deal with North Korea - Nikkei News
[14:25] {Threei} - The three countries hope to prod China to use its leverage to rein in North Korea, which launched a deadly artillery attack on a South Korean island last week. The three nations will also discuss China's proposal to hold a six-party summit that will include North Korea.
[14:32] {Threei} EUR/USD Approaches key 1.3122 200 day moving average
[14:32] {Threei} - Reminder: Earlier the Euro tested below this level, and has traded below that point since right before the US open, with the last test of the 200 day avg coming on Sept 21st; Dealers point out that a daily close above or below the 200-day mvg avg has been decisive in the continuing trend since the onset of the financial crisis in 2008
[14:40] {Threei} V... I knew there was a reason I wanted it to set up
[15:10] {Threei} IMF spokesperson: sold 19.5M tons of gold in Oct
[15:10] {Threei} if spokeperson sold that much, can you imagine the volume of IMF own selling?
[15:10] {Threei} 148.6 tons YTD
[15:10] {Les} "back it up into the living room boys..."
[15:10] {nemo} ha
[15:10] {nemo} ha
[15:10] {nemo} ha
[15:10] {nemo} ha
[15:11] {nemo} gag
[15:11] {Threei} stuck finger?
[15:11] {Les} oh belt up and drink yer vodka
[15:11] {Les} must be time for an apero...
[15:11] {Threei} V, dollar up from the trigger
[15:12] {Les} that's a dino play...speaking of which?
[15:13] {Les} and magoo?
Session Close: Mon Nov 29 15:13:50 2010

Session Start: Mon Nov 29 15:13:50 2010
Session Ident: #discussions
02[15:13] * Disconnected
Session Close: Mon Nov 29 15:13:51 2010

Session Start: Mon Nov 29 15:14:29 2010
Session Ident: #discussions
03[15:14] * Now talking in #discussions
[15:14] {Threei} I'll ask both to present a note from parents
[15:21] {Threei} quite a reversal from the overnight gap
[15:27] {Threei} Short Setup: GLD .60 break half lot
[15:27] {Threei} if stays under .70
[15:31] {Threei} Market Internals update at 15:30ET
[15:31] {Threei} - NYSE volume 675M shares, about 5% below its three-month average; decliners lead advancers by 1.3:1.
[15:31] {Threei} - NASDAQ volume 1.37B shares, about 15% below its three-month average; decliners lead advancers by 1.1:1.
[15:32] {davd} in gld shoort
[15:32] {Threei} let's drop, market
[15:32] {Threei} seriously... you put up a good fight
[15:32] {Threei} niw roll over and die
[15:32] {nemo} POMO day
06[15:32] * Threei hits the market over the head with 2x4
[15:33] {Threei} let's see what is tronger, pomo or 2x4
[15:36] {Threei} market is unstable here, with promise of volatility
[15:37] {Threei} let's trail GLD stop to above .65
[15:37] {Threei} risk of shakeout if greater but I prefer to control risk tightly at this point
[15:37] {Threei} if = is
[15:38] {nemo} I think market hangs out around here spy pivot is .50 friday colse around .32
[15:40] {Les} I think you need to find a girlfriend
[15:40] {nemo} I have an FWB
[15:41] {Threei} Short Setup: C .40 break
[15:41] {Threei} half lot
[15:42] {nemo} it hurts to look at that chart
[15:42] {nemo} c?
[15:42] {Threei} it sure does
[15:42] {nemo} what stock vad
[15:42] {Threei} aww
[15:42] {Threei} V that was
[15:42] {Threei} sorry
[15:42] {Threei} too late
[15:42] {Threei} keys next to each other
[15:43] {Threei} second chance entry, if gives it
[15:43] {Threei} 1:1
[15:43] {Threei} shoot me now
[15:43] {nemo} in the knee
[15:44] {Threei} wherever
[15:44] {nemo} want yo to suffer
[15:44] {Threei} better in the head, it was obviusly my weakest spot 1 min ago
[15:44] {Threei} don't worry, I am married
[15:45] {Threei} die already GLD, wil ya?
[15:45] {Les} market suspense...
[15:45] {nemo} so you want me to put you out of your misery
[15:45] {Les} better than a hitchcock
[15:45] {Threei} I mean there is guaranteed suffering as it is
[15:46] {Threei} taken care of without you bothering :)
[15:46] {nemo} To be born is to suffer
[15:46] {Threei} not enough GLD drop to bother with booking it
[15:47] {Threei} and stop is tighht enough to let it resolve
[15:48] {nemo} spy coming up on pivot
[15:49] {Threei} GLD is holding under .60 rather nicely
[15:49] {Threei} need market help now and should be fine
[15:51] {Les} and EUR/USD finishes at.... drum roll
[15:51] {Threei} 200 ma?
[15:52] {Les} 1.3123
[15:52] {Threei} lol
[15:52] {Les} .001 above
[15:52] {Threei} V, 1:1 on second chance entry
[15:52] {Threei} GLD, you have 7 min to die
[15:53] {Threei} hurry up
[15:53] {Threei} let's trail stop to above .60 at this point
[15:54] {Les} I chose SLV. even slower
[15:55] {Threei} I want this last win
[15:56] {nemo} How's it feel to want?
[15:56] {Threei} warm and fuzzy
[15:56] {Les} out flat
[15:56] {Les} SLV no wanna give me loving
[15:56] {Threei} GLD doesn't like that way either
[15:57] {Threei} was 1 cent from 1;1, lol
[15:57] {Les} outta here. c u's tomorrow
[15:57] {Threei} take care Les
[15:57] {Threei} 3 min
[15:57] {Threei} davd, watch your watch
[15:57] {Threei} cover before market close whever it is
[15:57] {nemo} [15:37] {nemo} I think market hangs out around here spy pivot is .50 friday colse around .32
[15:57] {davd} ii
[15:57] {Threei} 1:1
[15:57] {Threei} finally
[15:58] {Threei} whew, what a tortured trade, LOL
[15:58] {nemo} that's what your wife says about your marriage
[15:58] {RonS} ouch
[15:58] {Threei} but took us into 3 out of 4 or 4 out of 5, depending on whether you count that second chance V
[15:58] {davd} out gld .55
[15:59] {Threei} boring day
[15:59] {Threei} but curse of Monday is broken
[15:59] {Threei} thank you all, have a good evening
[15:59] {Threei} see you tomorrow
[15:59] {davd} s'ya
[15:59] {larisa} bye all
[16:00] {harth} See you Tues morn!

Friday, November 26, 2010

Nov 26 2010

ATTENTION: A Taoist Trader Online Course is now available: http://www.realitytrader.com/taoisttrader.html

As expected, uneventful day, with some nice wins under the belt.


Some setups are so obvious, no annotation is needed on the chart. This one is total classic, as cookie-cutter as they get. I'll just put arrows, lines and numbers on the chart, and you assign direction, trigger and stop to it, to practice structuring the trade. Don't hesitate to ask if any questions arise.



Session Start: Fri Nov 26 08:22:57 2010
Session Ident: #discussions
[08:22] * Now talking in #discussions
01[08:37] {Threei}  (SP) Spain's Fin Min Salgado: Reiterates debt level remains low (related EWP EUR/USD EUR/GBP EUR/JPY SOVRX BUNDS )
01[08:45] {Threei}  wow... http://www.youtube.com/watch?v=Fyq7WRr_GPg&feature=player_embedded
[08:52] {jfjf64} mornin
01[08:52] {Threei}  hey jf
[08:55] {jfjf64} FEELS  LK  SATURDAY
01[08:56] {Threei}  lol
[08:56] {RonS} gm...feels like Monday
01[08:56] {Threei}  OK, I am game: feels like Sunday
[08:56] {jfjf64} mornin  rs
[08:57] {RonS} hehe
[08:57] {RonS} back atcha jf
[08:58] {RonS} how's the weather 3i...feels like winter?
01[08:58] {Threei}  did for a day
[08:59] {jfjf64} not bad  here
01[08:59] {Threei}  now back to norm
[08:59] {jfjf64} 45-50 today
01[09:00] {Threei}  same here
[09:00] {RonS} going to be 55 here but 28 now...
[09:00] {jfjf64} ?? rs
01[09:00] {Threei}  Al Gore, where are you
[09:01] {davd} cold and rainy here in nyc
[09:01] {RonS} co has 30 degree temp swings daily quite often...sometimes 50 and i have seen 70
[09:01] {jfjf64} yup
[09:02] {RonS} side benefit it that it murders inscets so very few here
[09:03] {RonS} is that
[09:04] {RonS} hey dave, my daughter lives in e greewich village...
[09:05] {davd} cool place.
[09:05] {RonS} teaches hs in harlem
01[09:05] {Threei}  davd, dino :)
[09:05] {jfjf64} nice
[09:05] {davd} that's a long commute
[09:05] {RonS} express sub so not bad, 25 min
[09:09] {dino} gm all
01[09:10] {Threei}  dino
[09:11] {dino} 32 and rainy in ne pa
[09:11] {RonS} that sodastream stock is worse than the dang keurig gmcr...i will never understand these fad stocks...
[09:11] {RonS} soda
01[09:11] {Threei}  look that clip I posted above guys
01[09:11] {Threei}  and listen to the soundtrack at the end
[09:12] {RonS} reost pls...cannot see
[09:12] {RonS} repost
01[09:12] {Threei}  sounds eerily familar to people with Soviet past
01[09:12] {Threei}  http://www.youtube.com/watch?v=Fyq7WRr_GPg&feature=player_embedded
[09:16] {dino} db
[09:17] {Les} morning all
01[09:17] {Threei}  les :)
[09:18] {Les} curious enough as to this days ending as to come to work
[09:19] {Les} small CSCO bounce
[09:24] {ese} morning
[09:24] {ese} almost didn't get up......
01[09:24] {Threei}  lol ese
01[09:26] {Threei}  ese, see UUP?
01[09:26] {Threei}  23 break that we discussed
[09:27] {Les} got it onscreen now. was thinking about 23.50 target
01[09:28] {Threei}  if Euro collapses, there is no telling how high it goes
01[09:29] {Threei}  problem is though, these things have highly unpredicatble timing
[09:29] {ese} ahhhh have now got my coffee
[09:29] {ese} yup  can see it
[09:29] {Les} looking at $ strengthening against several Asia currencies. traders coming home to mama
01[09:30] {Threei}  they'd do well killing loonie while at it
[09:31] {Les} no preference on your behalf hey vad? :)
01[09:31] {Threei}  lol
[09:32] {RonS} cree
01[09:32] {Threei} Short Setup: LVS  .30 break
01[09:32] {Threei}  half lot
01[09:33] {Threei}  invalidated
01[09:34] {Threei}  .40 break
01[09:34] {Threei}  short
01[09:34] {Threei}  half lot
01[09:34] {Threei}  if stays under .45
01[09:34] {Threei}  nah
[09:35] {ese} L zion .37
[09:35] {dino} us banks hold well
01[09:36] {Threei}  lol, LVS did work after all
01[09:36] {Threei}  tried to be cute .45 instead of .50
[09:36] {jfjf64} i will ty
[09:37] {jfjf64} ty
[09:37] {jfjf64} half  lot
[09:37] {jfjf64} opened it up  little
01[09:37] {Threei}  good idea
[09:38] {jfjf64} learned  from  the  best
[09:38] {jfjf64} lol
01[09:38] {Threei} Long Setup:  RIMM  .20
01[09:38] {Threei}  half lot
01[09:38] {Threei}  ugh... too fast
[09:38] {jfjf64} very
01[09:38] {Threei}  see if gives second chance
[09:39] {dino} v sm l .51
[09:40] {RonS} zion sm l .35
01[09:40] {Threei}  yeah right says RIMM
[09:43] {dino} itri sm l .46 thin wide
[09:43] {ese} this should pop up zion then i'm outta there
[09:44] {dino} db sm l .40
01[09:44] {Threei}  got RIMM .20
01[09:44] {Threei}  out .40
01[09:44] {Threei}  amazing second chance gift
01[09:45] {Threei} Long Setup:  X  47
01[09:45] {Threei}  half lot
01[09:46] {Threei}  in validated but let's try it differently
01[09:46] {Threei}  .90 break
01[09:46] {Threei}  if stays above .80
01[09:47] {Threei}  aggressive
[09:47] {ese} whoever the H is selling zion at .47.........stop that
01[09:47] {Threei}  come on X
01[09:48] {Threei}  no
[09:48] {dino} lol
[09:51] {ese} wha should we do with this sloth ron?
01[09:51] {Threei}  hey
[09:52] {ese} not you vad
01[09:52] {Threei}  oh
[09:52] {ese} the stock man the stocfk
[09:52] {RonS} i'm holding things are trending up
[09:52] {ese} stock
01[09:52] {Threei}  grrr X
[09:52] {ese} ahhhhh.....yes i see that now
[09:54] {jfjf64} m   bounce
[09:54] {jfjf64} ??
[09:54] {RonS} they has a parade
[09:54] {RonS} had
01[09:55] {Threei}  X again
[09:56] {jfjf64} 47
01[09:56] {Threei}  not sure which kind of entry... probably 47 again
01[09:57] {Threei}  with stop under .90
01[09:57] {Threei}  now need markert to reverse back up and send it rocketing
01[09:57] {Threei}  1:1
01[09:58] {Threei}  should do more
01[09:58] {Threei}  half out .15
[09:58] {jfjf64} ty
01[09:58] {Threei}  yw
01[09:58] {Threei}  stop to under 47
01[09:58] {Threei}  1:2
[10:00] {jfjf64} go  x
[10:00] {ese} go zion
01[10:01] {Threei}  out in full
01[10:01] {Threei}  +.35
[10:01] {RonS} run u mormons run
[10:01] {Les} beautiful
[10:01] {ese} morons?
[10:01] {jfjf64} good  job  3i
[10:02] {dino}  run forest run
[10:04] {jfjf64} x
[10:04] {jfjf64} catch  of  day
[10:04] {jfjf64} so  far
[10:04] {jfjf64} lol
[10:04] {ese} auch du miya....move it move it
[10:07] {RonS} zion wanted .55, took .52  +.17 decent idea ese...thanks
[10:07] {ese} stop to .41 zion
[10:08] {ese} not doing anything exciting today......so am gonna let it run and see what turns up
01[10:08] {Threei}  amazingly clean setup
01[10:08] {Threei}  classic
[10:08] {dino} db to flat
01[10:08] {Threei}  textbook
[10:09] {ese} you talkin about ron and I.......why thank you..................not
01[10:10] {Threei}  no, X
[10:15] {dino} itri to .79
[10:19] {dino} out itri .78, +.32
[10:21] {RonS} gj
01[10:21] {Threei}  nice
[10:22] {dino} ty
[10:27] {ese} yup....thata be a good un there dino
[10:28] {dino} thx
[10:29] {ese} what time do the markets close today
01[10:30] {Threei}  1pm EST
01[10:30] {Threei}  10 am for us
[10:30] {ese} tks
[10:30] {RonS} ...just in time for brunch
[10:32] {dino} db out +.05\
[10:33] {dino} mee sm l .35
[10:33] {ese} every little bit counts
[10:33] {RonS} nemo out so no German salutation dino...
[10:34] {dino} ahh
[10:35] {ese} zion...zip de do da...zip de day...keep it goin
[10:36] {ese} this is starting to look like an actual stock trade
[10:36] {ese} that would be a higher low it's just created
[10:38] {ese} what time is that in cow town by the way ron?
[10:38] {ese} are you on the same time frame as us
[10:38] {RonS} 8:37
[10:38] {ese} or an hour ahead
[10:39] {RonS} hour ahead...looking forward to January...as the waft of sterr dung meanders from the stock show...
[10:39] {RonS} steer
[10:40] {ese} lol
[10:40] {RonS} great event nonetheless
[10:41] {ese} I used to live on woodbine ave in the southwest......1 year then moved here
[10:42] {RonS} rodeos, riding competition...but my fave is the team horse pulling exhibition
[10:43] {ese} or was that blvd......
[10:43] {ese} that sport is dangerous.....dem dare wagons tip big time easy
[10:43] {RonS} these guys have full stage coaches w/ the teams that they can back up and parallel park to demonstrate what the teamsters used to do in the big cities
[10:44] {ese} cool
[10:47] {ese} do you golf......my favorite golf course was pridis greens....they held an LPGA event there 2 years ago
[10:49] {RonS} the horse jumping is awesome as well...powerful animals...
01[10:49] {Threei}  let me show you gents why this country manufacturing is doomed
[10:49] {ese} please do
01[10:49] {Threei}  have a look at this little accessory for the photocamera:
01[10:50] {Threei}  http://cgi.ebay.com/GARY-FONG-PUFFER-SLR-FLASH-DIFFUSER-/140475710202?pt=Camera_Flash_Accessories&hash=item20b5013afa#ht_6180wt_888
01[10:50] {Threei}  see the price plus shipping?
01[10:50] {Threei}  now look at this:
01[10:50] {Threei}  http://cgi.ebay.com/Puffer-Pop-up-Flash-Diffuser-White_W0QQitemZ180586019060QQcategoryZ64354QQcmdZViewItemQQ_trksidZp4340.m263QQ_trkparmsZalgo%3DSIC%26its%3DI%252BC%26itu%3DUCI%252BIA%252BUA%252BFICS%252BUFI%26otn%3D10%26pmod%3D180576493161%26ps%3D63%26clkid%3D5227270887078079714#ht_2303wt_813
[10:51] {RonS} ...but hey...it's a Gary Fong!
01[10:51] {Threei}  not only the item itself is $2 vs $20, but shipping from China is 70 cents vs $3+ from neighboring US
01[10:52] {Threei}  gary can fong himself as far as I am concerned, but I am not paying 20 bucks for the little piece of plastic
[10:52] {ese} hmmmmmmmm
[10:52] {RonS} but hey, you have to buy a container's worth...what is tah?...650,000?
[10:52] {RonS} that
01[10:53] {Threei}  hmm?
[10:55] {RonS} remeber one time, i bought a container of microwave ovens...1200
[10:55] {RonS} cracking that baby open was exciting
[10:56] {RonS} flet so stupid...made the purchase on the price, amnufacturer's rep and terms
[10:56] {RonS} boxes came in with four color beautiful desig
[10:57] {RonS} had never even asked about it...
[10:57] {ese} stopped zion .42 +.05
[10:57] {ese} ahhh well
[10:58] {RonS} funai was the vendor...has been a sears oem for 10 years...when it hit the floor my salespeople sai: "what is this funny sh%t?
[11:00] {RonS} ya know, when microwave ovens were introduce they retailed for $1200...now $39...unbelievable
01[11:01] {Threei}  remember DVD players introductory price?
[11:01] {davd} magellan was selling for $1,250 or so in 2005
[11:01] {RonS} can't remeber dvd's but cd palyers intro'd at $1000
01[11:02] {Threei}  DVDs were around 600-800
[11:02] {RonS} i remember selling 1 hour sony betamaxes for $1200
[11:03] {Les} I'm still waiting for Blue Ray to come to me in price terms
[11:03] {Les} 42 inch screens almost interesting now
[11:03] {RonS} jees Les they are $79 here
[11:04] {davd} blue ray (anything non-streaming video) will come to you price wise.
[11:04] {Les} you don't live in Switzerland man
[11:04] {RonS} u can get a 42 now for $599
[11:04] {Les} producers still think we're rich schmucks that can pay more
[11:04] {Les} almost that price now Ron
[11:04] {RonS} vat fups u up
01[11:05] {Threei}  blue ray??
01[11:05] {Threei}  IMO, skip it
01[11:05] {Threei}  stillborn technology
01[11:05] {Threei}  will be obsolete in no time
[11:05] {RonS} nah 3i, blue is the bomb...
[11:06] {RonS} what will replace it...i am no longer close to the biz...
01[11:06] {Threei}  streaming video
01[11:06] {Threei}  online
[11:06] {RonS} well...that's fine...and different...
01[11:06] {Threei}  box connected to internet
01[11:07] {Threei}  everything at your disposal, from videolibrary to online videos
[11:07] {RonS} culturally, there is a huge market of collectors...er pack rats...
[11:07] {Les} I buy dvd's vad so missus can have english subtitles
01[11:07] {Threei}  and if you do have an actual physical disk, just pop it into that same box
01[11:08] {Threei}  they are in online videos just well, Les...
01[11:08] {Threei}  "closed caption"
[11:08] {Les} I dunno. I suspect internet capacity is going to be saturated at some point....
[11:08] {RonS} ya, haven't u seen that guy in the cormer, signing?
[11:09] {RonS} nah Les, fiber optics and the advancement of compression technology virtually makes it limitless
[11:10] {RonS} dino target mee, it seems pretty bound today?
[11:10] {dino} .80
[11:10] {RonS} in at .35 sm
[11:10] {Les} well if someone were to set up blu ray capacity downloads here in Switzerland, I wouldn't be buying
[11:10] {Les} but offer pretty limited here
[11:11] {RonS} once they have yodeling the Swiss will accomodate...
[11:11] {RonS} :D
[11:12] {Les} humbug
01[11:12] {Threei}  so how much do those blue ray players cost in your neck of the woods, les?
[11:13] {Les} bout $130
[11:13] {Les} but I'm half thinking of new pc
[11:13] {Les} with blu ray
[11:13] {Les} skip the seperate player
01[11:14] {Threei}  there you go
01[11:14] {Threei}  now you are talking
01[11:14] {Threei}  will be future proof
01[11:14] {Threei}  as streaming video becomes norm
[11:15] {dino} veco sm l break .40
[11:15] {Les} HP dominant seller here. still about 1500 CHF. not interested while this pc works
[11:15] {RonS} nemo just channeled me:  "sounds like half thinking"
[11:16] {RonS} anyone have one of those streamers?
[11:17] {RonS} dave?
[11:19] {RonS} why do i feel like jf?
[11:19] {davd} no, i'm a netflix guy - skipping the hardware
[11:19] {jfjf64} rs
[11:19] {jfjf64} ??
[11:19] {ese} speaking of nflx......new daily high
[11:19] {RonS} u ask q's and noone responds...
[11:19] {jfjf64} ahh
[11:19] {jfjf64} lol
[11:20] {dino} lol
[11:22] {dino} hsft
[11:22] {dino} thin
[11:26] {dino} veco sm l .14
[11:29] {RonS} appears the cmg turkey burrito is a hit...
[11:34] {Les} oh that is one stock I wanna short....
[11:34] {Les} cmg
[11:34] {Les} when the time comes
[11:35] {RonS} p/e only 50...wait 'till 100 i guess...
[11:36] {RonS} those Denver area conceived eateries always blow up sometime...remember Boston Chicken?
[11:36] {Les} ended up kentucky fried?
[11:37] {dino} think mcd bgt them
[11:37] {Les} outta here. enjoy your weekend everybody
[11:37] {dino} cya les
01[11:37] {Threei}  take care les, have a good one
[11:37] {RonS} hottest stock on the board during the dotcom boom...went bk
[11:37] {RonS} cya les
[11:39] {RonS} dino, mcd bought them and then spun them out...
[11:39] {RonS} cmg
[11:40] {RonS} http://en.wikipedia.org/wiki/Chipotle_Mexican_Grill
[11:43] {RonS} funny thing about cmg is that Qdoba which is a division of JACK has better stuff but is not near as popular
[11:43] {RonS} nation of fatties i guess who prefer a rice filled gut bomb...
[11:43] {dino} lol
[11:50] {RonS} headline of the day (whodathunk?): So Korea index shows bearish chart
01[11:51] {Threei}  hmm
[11:51] {dino} it's another ploy for cash by n korea
01[11:51] {Threei}  why would it... can't think of any valid reason
[11:52] {RonS} Kim il Jung in Team America: "Hans Brix, you bust my balls."
[11:53] {RonS} Hans Blix:  "I'm going to send you a really, really nasty letter..."
[12:03] {RonS} ...is the paint dry yet?
01[12:03] {Threei}  about
[12:03] {RonS} figured
[12:10] {dino} .
[12:13] {ese} am outta here/
[12:14] {ese} not doin much have a great weekend
01[12:14] {Threei}  you too ese
[12:15] {RonS} cya ese
[12:15] {dino} cya es
01[12:18] {Threei}  (EU) EU's Juncker: Steps undertaken by Spain and Portugal are enough to prevent contagion in the EU (related EUR/GBP EUR/USD BUNDS )
[12:19] {dino} where have we heard that before, lol
01[12:19] {Threei}  :)
01[12:19] {Threei}  you watched that videoclip dino?
[12:19] {RonS} English transaltion of juncker:  wishful thinker
[12:19] {dino} no
01[12:19] {Threei}  spend 3 min
01[12:19] {Threei}  you'll enjoy it
01[12:20] {Threei}  http://www.youtube.com/watch?v=Fyq7WRr_GPg&feature=player_embedded
[12:21] {dino} bah
[12:21] {dino} too fast
[12:24] {RonS} said the sheep about the wolf?
[12:25] {RonS} great speech 3i...
01[12:25] {Threei}  quite
[12:36] {RonS} mee games dino...someone trying to fool small guys into selling by showing big offers
[12:38] {dino} yes
[12:40] {dino} v to b/e
[12:43] {dino} out v +.04
[12:52] {dino} out mee .50, +.15
[12:54] {RonS} out mee .52 +.17
[12:55] {dino} gj
[12:55] {RonS} coupla hunskies here for today...ok for such a day
[12:56] {RonS} anyway, have a good weekend all  ;)
[12:56] {dino} you too ron
[13:00] {dino} out veco -.06
[13:01] {dino} outta here until wednesday, take care all
01[13:04] {Threei}  thank you all
01[13:04] {Threei}  have a good weekend, see you all on Monday

Wednesday, November 24, 2010

Nov 24 2010

ATTENTION: A Taoist Trader Online Course is now available: http://www.realitytrader.com/taoisttrader.html

Nice pre-holiday performance as we go 4 wins out of 4 calls. Happy Thanksgiving everyone!

Session Time: Wed Nov 24 00:00:00 2010
[08:30] {Threei}  (EU) German Econ Min: The situation facing the euro is very serious, but the currency is not in danger (related EUR/USD BUNDS EWG )
[08:30] {Threei}  no sir
[08:30] {Threei}  *(US) OCT PERSONAL INCOME: 0.5% V 0.4%E; PERSONAL SPENDING: 0.4% V 0.5%E
[08:31] {Threei}  *(US) OCT DURABLE GOODS ORDERS: -3.3% V 0.1%E V 3.5% PRIOR; DURABLES EX TRANSPORTATION: -2.7% V 0.6%E
[08:31] {Threei}  *(US) OCT PCE CORE M/M: 0.0% V 0.0%E; Y/Y: 0.9% V 1.0%E; PCE DEFLATOR Y/Y: 1.3% V 1.3%E
[08:41] {Threei}  strudent from some African university studying NA business trends asks to fill his survey so he could hand the project to his professor and graduate, in order to be able to feed his family
[08:42] {Threei}  why do I not feel like helping him out
[08:42] {nemo} meanie
[08:42] {Threei}  oh, that's why
[08:42] {Threei}  ty... mistery solved
[08:42] {Threei}  mystery too
[08:56] {Threei}  (GE) German official says Chancellor Merkel has requested a teleconference with French Pres Sarkozy to discuss the Euro Zone crisis (related EUR/USD GBP/EUR )
[09:01] {Threei}  *(IR) IRELAND RELEASES DETAILS OF ITS FOUR-YEAR BUDGET OUTLOOK
[09:01] {Threei}  To reduce spending by 7B by 2014
[09:02] {Threei}  Maintains 12.5% Corporate tax rate
[09:02] {Threei}  7B??
[09:02] {Threei}  with 50B rescue package?
[09:02] {Threei}  that'll do the trick
[09:02] {Threei}  - To reduce public sector pay by 1.2B during 2010/14
[09:02] {Threei}  - Forecasts 2011 govt deficit at 9.1%
[09:03] {Threei}  but to be fair, I am yet to see any meaningful reduction of anything coming from US govt
[09:04] {Threei}  (IS) Israel Fin Min Official: Believes Israel could export more to China (related GAF FXI USD/ILS )
[09:05] {Threei}  (if only China agreed to buy anything, added he under his breath)
[09:08] {Threei}  *(IR) IRELAND To increase 2013 VAT to 22% from 21% prior
[09:08] {Threei}  as if 21 waas low enough
[09:08] {Threei}  good luck to all these guys with taxing their way out of problems
[09:09] {ese} it's alive....it's alive
[09:09] {ese} morning
[09:10] {Threei}  ese :)
[09:10] {Threei}  you saw another snowstorm warning?
[09:10] {Threei}  what happened to our paradise...
[09:10] {Threei}  golbal warming I guess
[09:11] {Threei}  -20C in Hope
[09:11] {Threei}  *(IR) IRELAND To reduce minimum wage to 7.65 from 8.65 prior
[09:12] {Threei}  reducing salaries and increasing taxes... way to go
[09:12] {ese} ya saw that
[09:12] {Threei}  that's how you stimulate consumption
[09:12] {Threei}  population sighs with relief and goes out to buy things
[09:15] {ese} this is getting in the way of my bike riding......
[09:15] {Threei}  and golfing I bet
[09:16] {Threei}  but only because whilte ball hard to find in the snow
[09:21] {dino} gm all
[09:21] {Threei}  dino :)
[09:22] {RonS} good morning all
[09:22] {Threei}  Ron :)
[09:25] {Threei}  larisa :)
[09:25] {larisa} gm :)
[09:25] {davd} good morning!
[09:25] {Threei}  davd :)
[09:25] {Les} afternoon here
[09:26] {Threei}  Les :)
[09:26] {davd} are you in N Korea?
[09:27] {Les} where the action is - sure
[09:27] {davd} i guess that would be evening
[09:27] {Les} have to settle for switzerland davd
[09:28] {Les} watching the cows come home
[09:28] {davd} ooh nice!
[09:28] {Les} thats action enough for me
[09:28] {jfjf64} MORNINall
[09:28] {Threei}  jf :)
[09:29] {Threei}  pre-holiday trading
[09:29] {Threei}  let's be patient and careful
[09:29] {jfjf64} sound  lk  plan
[09:33] {Threei} Long Setup:  LVS  on pullback to or just under .20
[09:34] {Threei} Long Setup:  RIMM  from under .80
[09:35] {Threei}  in .21
[09:35] {Threei}  stop under .10
[09:35] {jfjf64} in .19
[09:35] {Threei}  1:1
[09:36] {jfjf64} ty
[09:36] {Threei}  yw
[09:36] {dino} gj
[09:36] {jfjf64} thought  i  made  mistrake   took  .19
[09:37] {Threei}  it was a tad impatient but in the morning rush it's often the only chance
[09:37] {jfjf64} cree
[09:38] {Threei}  many trades just get away if you don't take such pullback... fine as long as you realize it's a hiegher risk entry
[09:38] {jfjf64} flyin
[09:38] {jfjf64} fcx
[09:38] {jfjf64} flyin
[09:39] {Threei}  RIMM is probably going lower than just under .80
[09:40] {Threei}  don't jump on it right away
[09:41] {jfjf64} one  more  leg??
[09:41] {Threei}  (US) Preview: Nov Final University of Michigan Confidence due out at 09:55ET
[09:41] {Threei}  most likely
[09:41] {Threei}  .40 - .50 should be it
[09:43] {Threei}  well it was, lol
[09:43] {Threei}  to get it, you just had to go in on pure faith
[09:44] {Threei}  TIVO Hearing strength attributed to legal development in ongoing litigation (9.04, +0.23, 2.61%) (related SATS )
[09:44] {jfjf64} faith=gambling
[09:44] {jfjf64} no clear set up
[09:44] {jfjf64} can live  withthat
[09:44] {Threei} Short Setup: X  .20 break
[09:44] {jfjf64} no??
[09:45] {Threei}  stop above .30
[09:45] {Threei}  1:1
[09:48] {jfjf64} wmt  .05  break
[09:48] {dino} mtb sm l .00
[09:50] {jfjf64} nice  read  x
[09:50] {Threei}  it's just one letter... not very challenging for me
[09:51] {jfjf64} lol
[09:51] {Threei}  (US) Preview: Oct New Home Sales due out at 10:00ET
[09:52] {nemo} cree
[09:53] {jfjf64} ??
[09:53] {dino} cbrl sm l .00
[09:53] {nemo} my point exactly
[09:53] {Threei}  I have no fresh news for it
[09:55] {Threei} Long Setup:  LVS  .10 break
[09:56] {ese} in .13
[09:56] {Threei}  *(US) NOV FINAL UNIVERSITY OF MICHIGAN CONFIDENCE: 71.6 V 69.5E
[09:56] {Threei}  - 1 yr median inflation expectations at 3.0% v 2.7% Oct final.
[09:56] {Threei}  - 5 yr median inflation expectations at 2.8% v 2.8% Oct final.
[09:56] {Les} makes sense with income and spending up
[09:56] {ese} little late....not bad
[09:56] {Threei}  1:1 for you ese
[09:57] {ese} out .22
[09:57] {Threei}  another set of numbers in 3 min
[09:57] {ese} +.09
[09:57] {jfjf64} misswed
[09:57] {Threei}  so probably good idea to take scalp and get out of the way
[09:57] {ese} yup
[09:57] {ese} 2k worth.....good trade
[09:58] {Threei}  woll make it easier to cope with fresh snow
[09:58] {dino} nice
[09:59] {dino} scotch does that 3i
[09:59] {ese} indeed
[09:59] {jfjf64} agree
[09:59] {Threei}  single malt only for me
[09:59] {jfjf64} big shot
[09:59] {jfjf64} ahhh
[09:59] {dino} lol
[09:59] {Les}  lol tried CREE .49 short
[09:59] {Threei}  no, I can live with mutliple smaller shots too {G}
[10:00] {jfjf64} lol
[10:00] {Les} that stock can move fast
[10:00] {jfjf64} funny  for  a russian  guy
[10:00] {Threei}  just look at the spread Les
[10:00] {Les} yeh press the sell button already at .30
[10:01] {Threei}  *(US) OCT NEW HOME SALES: 283K V 312KE
[10:01] {RonS} tried Jura 3i?
[10:01] {Threei}  Jura?
[10:01] {nemo} German?
[10:02] {Threei}  *(US) SEPT HOUSE PRICE INDEX M/M: -0.7% V 0.0%E; Q/Q: -1.6% V -1.1%E
[10:02] {RonS} single malt scotch
[10:02] {Threei}  no, never heard of such
[10:02] {Threei}  glenlivet and glenfiddich are my faves
[10:03] {Les} ya got me in the mood vad
[10:03] {Les} a little glass of lagavulin
[10:04] {RonS} figured you for a laphroig guy...lol
[10:04] {Les} I'll take that as a compliment
[10:04] {Les} :P
[10:04] {Threei} Short Setup: LVS  .10 break
[10:04] {Threei}  let's make it half loty
[10:04] {RonS} worst stuff this side of retsina
[10:05] {nemo} how about spiritus..yeeechhh
[10:05] {Threei}  should be good for more than scalp
[10:07] {jfjf64} stop .15
[10:07] {Threei}  with half lot I'd prefer .20
[10:07] {jfjf64} silly  me
[10:07] {Threei}  for superduperextrascalpers, sure
[10:08] {jfjf64} got  to  luv  it
[10:08] {jfjf64} market  up
[10:08] {Threei}  1:1
[10:08] {jfjf64} we  movin  down
[10:08] {Threei}  half out .97
[10:09] {Threei}  stop to b/e
[10:09] {jfjf64} 4/4
[10:09] {jfjf64} nice
[10:09] {jfjf64} what  happen  to slow  start
[10:10] {Threei}  you prepare for slow, opportunity present themselves...
[10:10] {Threei}  you come in eager to trade everything in sight, nothing comes along
[10:11] {Threei}  so, set lower expoectations and be pleasantly surprised
[10:11] {Threei}  rather thaan get ready for big rewards and get sorely disdappointed
[10:12] {Les} taking other half .02 ty
[10:12] {Threei}  welcome
[10:14] {Threei}  1:2
[10:14] {RonS} lvs .12 to .92 thanks 3i
06[10:14] * Threei slaps Les around a bit with a large chapter 29, Warning Against Interference
[10:14] {Threei}  Ron :)
[10:14] {Les} jumped back in again .94 for .05
[10:16] {Les} saw it was bouncing off MA support and then fell through
[10:16] {Les} truth is I hate this stock
[10:18] {ese} L win 1/2 .19
[10:20] {ese} daaaaa  make that .1999999  sheesh ....lets call it an even .20 shall we
[10:20] {ese} wha da ya say huh!
[10:20] {dino} brk/b sm l .50
[10:21] {Threei}  for procrastinators: Taoist Trader 50% coupon expires Dec 1
[10:21] {Threei}  don't make me push all the buttons to generate a new one if you miss that deadline
[10:22] {Les} alright alrigh
[10:22] {Les} t
[10:22] {Threei}  {--- threat helped reveal one procrastinator!
06[10:22] * Threei turns over all the rocks looking for more
[10:23] {ese} lol
[10:23] {RonS} i resemble that statement...
[10:23] {Threei}  second one!
[10:23] {Threei}  here here procrastinators
[10:25] {Les} x tightening up. can't tell b/o or b/d
[10:26] {nemo} spy to 1120.10
[10:27] {Les} wow AMZN
[10:27] {jfjf64} yup
[10:27] {jfjf64} aapl
[10:27] {jfjf64} cree
[10:27] {jfjf64} sndk
[10:28] {jfjf64} lots  buyin  coming  in
[10:29] {Les} CAT too
[10:29] {Les} so much for bearish outlook yesterday
[10:29] {ese} out win .205576      .205576 - .199999 = .005577 profit..............every little bit helps
[10:30] {jfjf64} missed  cat on  5  min  set up  .10 break
[10:30] {jfjf64} luv  that  set up
[10:30] {Les} X ain't telling same story
[10:31] {Threei}  *DOE CRUDE: +1.03M V -2ME; GASOLINE: +1.9M V -1ME; DISTILLATE: -540K V -1.5ME; UTILIZATION: 85.5% V 84.2%E
[10:33] {Threei}  e-mail wioth title "Natasha changed my life!" looked so promising... turned out to be an advertising for a diet book, written by author whose first name is Natahsa
[10:34] {jfjf64} look  cat  les
[10:34] {jfjf64} keeps  climbing
[10:35] {jfjf64} im  sick
[10:36] {Les} yeh I'm waiting for reversals to set in jf
[10:36] {Les} Natasha could change your life Vad
[10:36] {Les} fat free bacon
[10:37] {dino} lol
[10:37] {Threei}  hmmm
[10:37] {Les} I know that's killing the pleasure
[10:37] {Threei}  no, not delighted by idea
[10:37] {Les} alas, Natasha is not for oyu
[10:37] {Threei}  obviously
[10:39] {Threei}  I'll leave fat free bacon in the realm of trading without profits, alcohol drinks without alcohol and sex without women and
[10:39] {Threei}  ok, I run out of analogies
[10:39] {Les} I get ya drift
[10:39] {Threei}  :)
[10:39] {jfjf64} sex  no  women
[10:39] {jfjf64} ya  scaring  me
[10:39] {Threei}  see? natasha is scary
[10:40] {nemo} husband named Boris?
[10:40] {Threei}  lol
[10:41] {Threei}  ese, is it snowing in your neck of the woods?
[10:41] {RonS} ...the guy that originated Rocky & Bullwinkle died a couple of weeks ago...never knew he was a spy during WWII
[10:42] {Les} I was a call girl in another life Ron but you probably didn't know that either
[10:42] {dino} roflol
[10:43] {Threei}  room conversation take s a very disturbing turn today {G}
[10:43] {dino} cbrl stopped -.28
[10:44] {jfjf64} i  noticed  you  deleted blog  yesterday
[10:44] {jfjf64} no  lk  dice  clay
[10:44] {dino} brk/b stop to .88
[10:44] {dino} to .90
[10:45] {dino} out reverse slip .91, +.41
[10:46] {dino} arg
[10:47] {RonS} cbrl sm l .60
[10:47] {ese} not yet vad.......but it's suppose to rain this afternoon though
[10:48] {RonS} that's a surprise ese...:)
[10:49] {Threei}  some poweder here
[10:49] {Threei}  powder
[10:50] {jfjf64} im wrappin  it up    happy  thanksgivig to  all
[10:50] {jfjf64} enjoy
[10:50] {Threei}  take care jf, have a good one
[10:50] {jfjf64} lots  bacon  3i
[10:50] {Threei}  certainly
[10:50] {RonS} cya jf...same to you
[10:50] {jfjf64} mee too
[10:51] {Les} no trading tomorrow?
[10:51] {Les} ciao jf
[10:51] {Threei}  no
[10:51] {Les} friday?
[10:51] {dino} cya jf
[10:51] {jfjf64} ciao  les
[10:51] {jfjf64} dino
[10:51] {Threei}  haslf day Fri
[10:51] {RonS} Friday early close 11 est
[10:51] {Les} effectively no then
[10:51] {jfjf64} not  so  fast  les
[10:52] {ese} HT jf
[10:54] {dino} friday 1:00 est
[10:54] {RonS} correct dino...i confused w/ my local...
[10:56] {dino} arg break .00 sm l
[10:57] {RonS} lol, i thought you where saying arg after your last trade...
[10:57] {RonS} were
[10:58] {dino} lol
[11:00] {jfjf64} ht  ese
[11:00] {dino} cbrl sm l .35
[11:01] {dino} s/p gap 1197
[11:03] {Threei} Short Setup: X  .20 break
[11:06] {nemo} long break of .24?
[11:07] {Threei}  can't tell
[11:07] {Threei}  well... yes
[11:07] {Threei}  lol
[11:07] {nemo} ty
[11:08] {nemo} that big offer at .24
[11:09] {Threei}  yes
[11:10] {ese} i get it now....."thanks for giving me an up day in the market"......how did i not get this before......thanks giving day in the US.    doh!
[11:11] {Threei}  lol
[11:12] {dino} cbrl stopped again, done w/it
[11:12] {dino} wtf
[11:13] {dino} takesc me out .96 jumps to .21
[11:13] {nemo} what's your point
[11:13] {nemo} ;)
[11:14] {dino} it's a pos
[11:14] {nemo} yeah
[11:14] {ese} todays a weird day dino.....ican't find zip
[11:14] {nemo} gap up day
[11:14] {dino} struggling here
[11:14] {nemo} me too...but my problem is a hangover
[11:15] {dino} typical for me on gap up. should just go back to bed
[11:15] {ese} i've got hold long positions and those are the only things doing well........i caannaa find nuttin else
[11:16] {ese} ya i remember you saying this before re gap up days........it very true
[11:16] {dino} yes
[11:19] {Threei}  I broke the curse today
[11:19] {dino} wtg
[11:19] {ese} ya.......
[11:19] {dino} eqix sm l .90
[11:23] {davd} in eqix .9 small
[11:25] {dino} i'm death today, don't follow me
[11:26] {nemo} just don't get downwind then
[11:26] {Threei}  X was worth restoring the call
[11:26] {nemo} big bid at .70
[11:28] {ese} Afhibarnrat.......watching the Asian golf tour on the the golf channel.....that guy is the co leader and they pronounce his name "half a barn rat"......might be the funniest name ever
[11:30] {RonS} was his dad Fhulbarnrat?
[11:30] {Threei}  rofl
[11:30] {ese} rotflol
[11:30] {Threei}  Ron, that alone was worth waking up today
[11:30] {ese} yup
[11:30] {RonS} happy to oblige...
[11:31] {ese} ya...carry on
[11:38] {ese} it's snowing here now vad
[11:38] {Threei}  I want Al Gore here
[11:39] {Threei}  personally cleaning up my driveway
[11:40] {ese} L zion 1/2 .45
[11:40] {ese} hmmmmmmmm
[11:41] {ese} even i'd struggle shovelling your driveway
[11:49] {ese} i'm outta there out zion .36 -.09
[11:50] {ese} ahhhhh 50 bucks here 50 bucks there
[11:53] {dino} eqix stopped
[11:53] {Les} took hrbn short .82
[11:53] {Les} but this is ridiculous
[11:54] {Les} wish I realised no trading tomorrow
[11:59] {davd} eqix stopped
[12:07] {dino} arg to b/e
[12:10] {Les} jack at support. might interest you dino.
[12:10] {Les} maybe with decent finish to the day
[12:11] {dino} downgraded
[12:11] {dino} but ty
[12:12] {dino} arg knocking daily 200sma
[12:13] {Les} so downgrades are on your list of no no's
[12:13] {Les} make sense
[12:13] {Les} s
[12:14] {Threei}  lol:
[12:14] {Threei}  indecision may or may not be my problem
[12:15] {dino} well, if stock is down, thats most likely reason
[12:16] {dino} i actually like downgrades the day or two after
[12:16] {Les} so you make sure it is not a downgrade first before trading?
[12:16] {Les} aaaah
[12:16] {dino} y
[12:17] {dino} arg to .30
[12:17] {dino} doesn't mean i won't trade it, some get extreme
[12:17] {dino} arg to .39
[12:17] {dino} out +.39
[12:17] {Les} cool bananas
[12:18] {nemo} ?
[12:19] {Les} 18:17 dino out +.39
[12:19] {Les} aussie vernacular
[12:19] {dino} ty
[12:26] {nemo} tna offer 60
[12:27] {nemo} gone
[12:47] {Threei}  the stall would call this stall a stall
[12:50] {Les} hrbn playing nicer now. covered +.02 earlier. no follow thru
[12:56] {dino} cbrl db maybe
[12:56] {dino} sm l .04
[13:02] {dino} .
[13:03] {Threei}  ECB's Weber: in the future should only provide bailouts if the stability of the euro is at risk (related EUR/USD )
[13:03] {Threei}  *(US) TREASURY'S $29B 7-YEAR NOTE AUCTION DRAWS 2.253%; BID-TO-COVER RATIO: 2.63 V 3.06 PRIOR AND 2.89 OVER THE LAST 10
[13:03] {Threei}  Indirect bidders take 42.2% of competitive bids, with 40.23% allotted at the high
[13:03] {Threei}  Direct bidders take 8.5%, primary dealers 49.3%
[13:05] {Les} dino you scroll through your stocks or they are all up on screen simultaneously
[13:05] {Les} ?
[13:08] {dino} all up at once
[13:08] {dino} about 20
[13:08] {Les} right
[13:09] {Les} MGIC was reversal candidate today. completely missed it
[13:09] {dino} add to it throughout day based on .07 scanner and top % declines
[13:10] {dino} usually a stock will stay on my watch for week or so
[13:13] {Les} how much screen space that take?
[13:13] {Les} 20 stocks
[13:14] {Les} yeh I see same idea with some of these high % gainers
[13:15] {dino} cyber, i have 8 windows open on one computer. vad room am=nother computer, and news on the third
[13:15] {dino} mee sm l .49
[13:15] {Les} ok
[13:16] {ese} .
[13:16] {dino} magoo hated the layout said it was too crowded, but it works for me
[13:17] {Les} yeh not ready to impose such real estate on the Mrs.
[13:17] {Les} might kick me out of the house
[13:17] {dino} put ofice in my basement in august. tired of driving to work
[13:18] {dino} 10x10 room, desk, credenzza, lateral file cabinet, printers, fax, scanner, etc
[13:20] {dino} basically took back my remodelled basement from kids, lol. now i have a wet bar and pool table in my lounge
[13:22] {Les} I live in a shoe box so this is not an option
[13:24] {Threei}  and yuou know where I live
[13:24] {Threei}  I showed it a few times
[13:24] {Threei}  but what a view
[13:28] {Les} I dunno. you got an office. something I lack
[13:29] {Les} but maybe I can splash myself multi screen christmas present :)
[13:30] {dino} i run 3 separate pc's
[13:30] {dino} all fil on one 6 foot desk
[13:30] {dino} fit
[13:36] {Les} yeh can see 2nd pc. but need a tighter screen setup
[13:38] {dino} lol, two golden retreivers on my floor
[13:39] {dino} my dog and my nieces'
[13:40] {RonS} caw
[13:40] {nemo} raven left
[13:40] {Raven} remain calm
[13:41] {nemo} I'm hungover, can't get excited
[13:41] {dino} about to fall asleep
[13:48] {nemo} wasn't the oil report "bearish"? and the $ is flat, yet oil up pretty big today
[13:48] {Threei}  *DOE CRUDE: +1.03M V -2ME;
[13:49] {Threei}  matbe market finally started ignoring this meaningless report
[13:49] {nemo} but the $ barely budged today, so that relationship seems to be somewhat tenuous now
[13:50] {RonS} i am no oil guy...but it seems that i read about a month ago that significant storage capacity is coming online at that OK hub
[13:52] {RonS} http://www.reuters.com/article/idUSN0522592520090805
[13:52] {nemo} can't figure out if fcx long or short here
[13:52] {nemo} I'd bet long though
[13:53] {Les} short
[13:53] {nemo} guess it's a two-way
[13:54] {nemo} damn keyboard keys are awful loud today
[13:54] {Threei}  lol
[13:55] {nemo} frickin' rabbit was out of it's cage overnight
[13:55] {nemo} got up and whacked me in the head sometime in the middle of the night
[13:56] {Les} sounds like you need to check in nemo
[13:56] {nemo} ?
[13:56] {Les} booze making you see weird things
[13:57] {nemo} No, nephew saved a baby rabbit about a year ago from a cat...became a member of the household
[13:58] {dino} i ws wondering how you ended up w/rabbit
[13:58] {RonS} omg, i hate rabbits...they overan my neigborhood...got so pissed w/ what they where doing to the front yard, ripped it out and put in cement patio
[13:58] {nemo} cute little things, but they can have an attitude
[13:58] {Les} foxes got ours
[13:59] {RonS} coyotes chased off our foxes
[13:59] {nemo} what state you in Ron?
[13:59] {RonS} CO
[13:59] {nemo} ahhh...we have big coyote problem here too, pretty funny actually
[13:59] {Threei}  these things started threatehing destruction of the university grounds here
[14:00] {Threei}  huge fight etween bleeding hearts and sane people ensued
[14:00] {RonS} happens here over prairie dogs...
[14:00] {Les} ha. nothing cute about rabbit infestation
[14:00] {Threei}  all kinds of ridiculous solutions were suggested and some even tried
[14:01] {RonS} an Aussie should know...
[14:01] {Threei}  like catching and neutering them, one by one
[14:01] {RonS} lol
[14:01] {Threei}  can ytou imagine? thousands of critters
[14:01] {Les} so someone likes touching bunny dicks...
[14:01] {Threei}  lol
[14:01] {Threei}  rofl
[14:01] {RonS} rotflol
[14:02] {Threei}  you guys in rare form today
[14:02] {dino} yuk
[14:09] {ese} cya all friday
[14:09] {RonS} cya ese
[14:09] {Threei}  take care ese
[14:09] {Les} ciao ese
[14:09] {ese} later ron vad les
[14:09] {RonS} eur weakening...time to short X?
[14:11] {Threei}  probably'
[14:11] {dino} cya es
[14:12] {Threei}  SPY turns down too
[14:13] {Threei}  USD/JPY Sets fresh session highs above 83.50
[14:13] {Les} COH
[14:13] {Les} some high fliers starting to drop
[14:14] {nemo} $ an oil u
[14:14] {nemo} up
[14:15] {Threei}  UUP broke that 23 of which we spoke yesterday
[14:15] {Threei}  if ese bought his usual lot he is up about $70,000
[14:17] {Les} damn the best short was over thought again today... CMI
[14:19] {nemo} spy at support
[14:19] {nemo} doesn't hold here, net support pivot and vwap at about .80
[14:20] {Les} s COH .49
[14:28] {Threei}  (EU) ECB's Weber: Germany supports the Euro and the ECB will do all it can to keep the Euro firm as it is a stable currency
[14:28] {Threei}  - Euro states would place more than the 750B into the emergency backstop if they felt that number was not enough to deal with the crisis
[14:33] {Les} spy held well. COH stopped. outta here. enjoy your long weekend. c u's monday
[14:33] {Threei}  take care Les, have a good one
[14:34] {dino}    cya les
[14:47] {dino} mee to .65
[14:48] {dino} to .70
[14:48] {dino} out +.20
[14:49] {dino} out cbrl .15, +.15
[14:49] {dino} opps +.11
[15:12] {dino} emb
[15:12] {dino} to fast
[15:52] {dino}  out mtb +.02
[15:52] {dino}  calling it a day.
[15:53] {dino} happy thanksgiving all. be safe
[15:53] {larisa} happy thanksgiving :)
[15:53] {Threei}  take care dino
[15:53] {Threei}  thank you all
[15:53] {Threei}  have a great Thanksgiving
[15:53] {Threei}  show that turkey how it's done