Friday, January 28, 2011

Jan 28 2011

Very nice productive morning with good trades on both sides and dull afternoon with no setups. All in all, no complaints about the week.

Session Time: Fri Jan 28 00:00:00 2011
[07:50] {nemo} knock knock
[08:20] {magoo} ariba!! ariba!!
[08:21] {nemo} you mean arun arun
[08:21] {nemo} ?
[08:26] {nemo} Vad
[08:41] {nemo} Where is that slacker?
[08:46] {magoo} u finally got too him...hurt his feelings
[08:46] {nemo} yeah maybe...sent me that picture of stuff blooming where he is and I cursed him out
[08:49] {nemo} driving a bit iffy around here, kinda' hard to see over the snowbanks at intersections, and I have a truck
[08:50] {RonS} gm gents
[08:50] {RonS} driv into the ditch
[08:51] {RonS} on the high plains...high 67 today...22 and snow tues
[08:51] {nemo} ?
[08:51] {RonS} driv = digital river
[08:53] {RonS} anyone?
[08:54] {RonS} s v v s
[08:54] {Threei}  good morning guys
[08:54] {nemo} wtf
[08:54] {Threei}  you too nemo
[08:55] {nemo} Winning The Future-Obama's new catch phrase
[08:55] {Threei}  {Future} well, let's see
[08:55] {nemo} That was pretty mean of you
[08:55] {Threei}  thank you!! :)
[08:56] {RonS} boneheads:  wtf....hi 3i :)
[08:56] {Threei}  Ron :)
[08:56] {Threei}  now, let's see if I can irritate you as effectively as I did nemo:
[08:56] {nemo} Let's see....swing over to Colorado, then up to Vancouver Island...can I get guns across the border
[08:56] {Threei}
[09:00] {larisa} gm :)
[09:00] {Threei}  larisa :)
[09:00] {larisa} vad :)
[09:04] {RonS} eur lost 1.37...reversal v yen...mid east and egypt might weigh today
[09:10] {Threei}  isn't it amazing how market climbs against all the bad news out there
[09:10] {Threei}  even pitiful job numers yesterday were ignired
[09:11] {Threei}  and we are told every 5 min that it's all about "jobs jobs jobs"
[09:11] {Threei}  (I grew to hate this manner to repeat it three times)
[09:11] {dino} gm all
[09:12] {Threei}  dino :)
[09:12] {RonS} s v v s due to most cloud guys moving due to that cloud co purchase...real networks i vz
[09:13] {magoo} vad, been awhile and u are good at this...whats your near term mkt thoughts, continue climbing...pllbk etc?
[09:13] {Threei}  yeah, TRMK
[09:14] {Threei}  mags, this is quite a foolhardy to try and predict these things in such volatilie situation as current, what with Egypt et all,
[09:14] {Threei}  so with disclaimer that it's just a general outlook based on "how these things went in the past":
[09:15] {Threei}  we are in the late stages of bull market, where wall of worries is sstill there and market climbs against it,
[09:15] {Threei}  public is not fully on board yet
[09:15] {Threei}  so there is room to climb
[09:16] {Threei}  and the next stage is for news to turn to overly optimistic (first signs of that are in the air)
[09:16] {Threei}  and for the public to hit panic buy buttons out of fear to miss "next big rally"
[09:16] {Threei}  and send market up sceaming.
[09:17] {Threei}  Such spike will market the end of the by now 2-years old move
[09:17] {Threei}  and trap late buyers
[09:17] {Threei}  If for this or that reason we get a reversal before such spike occurs
[09:18] {Threei}  it's going to be merely a pullback luring in new portion of bears
[09:18] {Threei}  only to kill them in sudden reversall back up, leading to and ending with that same spike.
[09:18] {Threei}  There.
[09:20] {dino} ditto for me
[09:20] {ese} morning
[09:20] {Threei}  dino, ese :)
[09:23] {magoo} ok, i got a gameplan
[09:24] {magoo} lol
[09:28] {jfjf64} mornin
[09:28] {Threei}  jf :)
[09:30] {Threei} Short Setup: SLW  .90 break
[09:30] {Threei}  if stays under 30
[09:32] {Threei}  valid with stop above .05
[09:33] {Threei}  1:1
[09:34] {Threei}  X was a tempting short as well but spread is still jumpy
[09:35] {RonS} driv blood
[09:36] {Threei}  poor guidance yesterday
[09:36] {Threei}  anyone took SLW??
[09:36] {jfjf64} yes
[09:36] {jfjf64} ty
[09:36] {Threei}  :)
[09:38] {Threei}  DRIV looks lower
[09:38] {nemo} F
[09:38] {Threei}  but soread is awful
[09:38] {dino} f gap 16.80
[09:39] {jfjf64} finnies  want  to  play  today
[09:41] {Threei}  looking at WFC jf
[09:41] {Threei}  and looking for another SLW short
[09:42] {Threei} Long Setup:  WFC  .70 break if stays above .60
[09:42] {Threei} Short Setup: SLW  .40 break
[09:42] {Threei}  if not going over .50 anymore
[09:43] {nemo} wow F
[09:43] {Threei}  no news
[09:43] {nemo} missed eps
[09:43] {Threei}  SLW invalidated but on radar
[09:43] {Threei}  looking for another entry
[09:43] {ese} motors must have fallen out of a bunch of cars nemo
[09:44] {Threei}  lol
[09:44] {nemo} asian sales off I think
[09:44] {ese} their drivng hybrids   yuk yukyuk
[09:44] {Threei}  ok, .60 break if stays under .70
[09:45] {nemo} gld moving up
[09:45] {Threei}  SPY too
[09:45] {nemo} spy breaking range
[09:46] {magoo} sndk bounce vad?
[09:47] {Threei}  watching
[09:47] {Threei}  .65 break half lot
[09:47] {Threei}  with stop under .50
[09:48] {jfjf64} nice
[09:48] {jfjf64} quick
[09:48] {Threei}  yeah 1:1
[09:48] {Threei}  and looks good for more
[09:48] {jfjf64} half out
[09:49] {jfjf64} correct
[09:49] {Threei}  1;2
[09:50] {Threei}  etc
[09:50] {jfjf64} yeahhhhhhhhhh
[09:50] {jfjf64} nicee find  mags
[09:50] {jfjf64} dont  care  whatt the  say  bout  ya
[09:51] {Threei} Short Setup: SLW  .80 break
[09:51] {Threei}  if stays under .90
[09:51] {Threei}  let's scratch WFC
[09:52] {Threei}  should have worked by now if it were going to
[09:52] {Threei}  SLW, if works - ultimate target is around .40
[09:53] {RonS} shld
[09:53] {nemo} dino spread
[09:53] {ese} sure is interesting watching the dow criss cross the 12k barrier.......interesting psychological implications here
[09:55] {ese} there you have it
[09:56] {Threei}  1:1
[09:57] {nemo} didn't get it
[09:57] {nemo} stopped
[09:57] {ese} might once and for all put Robert Prechtor out of a job......he's been preaching major stock market decline since the late 80's early 90's
[09:58] {Threei}  lol
[09:58] {Threei}  can't believe he still has a job
[09:58] {Threei}  WFC, good scratch
[09:58] {ese} and people still follow him......they don't want to get in for fear of a major crash
[10:00] {Threei}  RIMM, watching for short on bounce
[10:00] {Threei}  around .70 - .80
[10:00] {ese} for those of you who don't know him...he's suppose to be the Elliot Wave guru
[10:02] {Threei}  how on earth does one sit through major market surge of late 90s, then mid 2010s and continues insisting oh "major crash" is beyond me
[10:03] {Threei}  just say "yeah, I am a broken clock and sooner or later I will be right, this century or next"
[10:03] {Threei}  RIMM{ no bounce
[10:03] {jfjf64} no
[10:03] {RonS} nq futes ugly
[10:03] {dino} you do it because people buy your newslettters
[10:04] {Threei}  {nq futes} we want second opinion
[10:04] {RonS} no opinion, looking at real time chart and order flow
[10:04] {dino} all red
[10:08] {dino} slab sm l .26
[10:09] {dino} ghl sm l .44
[10:09] {Threei} Short Setup: RIMM  .60 break
[10:10] {nemo} is it trading
[10:10] {nemo} ahhh
[10:10] {Threei}  if goes over .70, next setup if .70 - .80
[10:10] {Threei}  yes
[10:11] {Threei} Short Setup: RIMM  .70 break
[10:11] {Threei}  if stays under .80
[10:13] {Threei}  market strengthens, RIMM stays weak... so far so good but need marjket help
[10:17] {Threei}  1:1
[10:19] {Threei}  Charlie Sheen Say He Got Hernia from Laughing too Hard
[10:19] {Threei}  okay then
[10:19] {magoo} he is living his character
[10:19] {ese} hmmmmmmm
[10:19] {Threei}  totally
[10:19] {Threei}  1:2
[10:19] {nemo} that's why he plays it so well
[10:20] {nemo} gold flying
[10:20] {Threei}  stop to above .60
[10:21] {Threei}  out in full
[10:21] {Threei}  .46
[10:21] {jfjf64} ty
[10:21] {Threei}  market is still dropping but I have not read on RIMM's own chart here anymore
[10:22] {Threei}  yw
[10:22] {jfjf64} tna
[10:22] {Threei}  took a bit of patience but worked like a good boy
[10:22] {jfjf64} big drop
[10:23] {jfjf64} hmm
[10:23] {jfjf64} not just  tna
[10:24] {magoo} mr carnageio
[10:24] {nemo} we're at Wednesday's close...whooopee
[10:25] {dino} ndx -1%
[10:26] {magoo} funny, feels like collaspe
[10:26] {magoo} remember good ole days, mkt swinging 300 down - 300 up in same session
[10:26] {dino} dow is not representing market
[10:27] {dino} s/p and ndx more so
[10:27] {Threei}  good cover on RIMM eh
[10:29] {jfjf64} tna
[10:29] {jfjf64} wow
[10:30] {Threei}  NBC News: Egyptian military units being deployed in Cairo for the first time since the unrest started, supplementing police units- Reports that Army units taking up positions by key buildings in Cairo.
[10:30] {davd} i'm getting my 11900 hat
[10:31] {Threei}  hmmm... I think in smaller increments
[10:31] {Threei}  11940 hat is here
[10:31] {jfjf64} you  been  thinkin  alot
[10:31] {nemo} rcl strong against market
[10:31] {davd} agree, but round no are funnier
[10:32] {Threei}  that's going to stop very soon jjf - I can smell bacon already, and that stops blood flow to the brain dead in it tracks
[10:32] {jfjf64} slw
[10:32] {jfjf64} d/top
[10:32] {jfjf64} ??
[10:32] {Threei}  no
[10:32] {Threei}  I back off shorting PMs for now
[10:32] {jfjf64} ty
[10:32] {jfjf64} back  to  bacon
[10:33] {dino} slab stopped, ghl stopped
[10:33] {jfjf64} love  slab  bacon
[10:33] {nemo} gold keeps climbing, and with Egypt you have danger of suez canal blockage, PMS and oil might fgly
[10:33] {nemo} PMs
[10:35] {dino} real money, stating al jazeera plice leaving city of suez canal may close
[10:35] {nemo} that's big, no suez, oil gets delayed
[10:36] {dino} 45 days extra for trip around cape of africa
[10:36] {Threei}  that's my reason nemo, yes
[10:36] {magoo} man vad, if IF mkts bounce SNDK
[10:37] {Threei}  watching mags
[10:38] {davd} see 1954 re suez.
[10:43] {dino} sndk sm l .30
[10:43] {nemo} going  to .00
[10:43] {dino} stop is .99
[10:43] {nemo} dino you need to see a psych
[10:43] {nemo} we're thinking alike
[10:44] {dino} bec jump
[10:44] {dino} lol
[10:46] {Threei}  you be careful dino... last time I found myself thinking in synch with nemo it ended in 2 weeks binge drinking and flyfishing in the middle of the street, with nearest water being 5 miles away
[10:46] {jfjf64} lol
[10:46] {magoo} catch anything?
[10:46] {nemo} yeah, and you ruined a perfectly good Royal Coachmen
[10:46] {Threei}  scariest thing is yes
[10:47] {Threei}  and it was pan-fried already
[10:47] {jfjf64} arba
[10:47] {jfjf64} ignor
[10:50] {dino} htwr blood
[10:50] {dino} 11822, 1280 nearest gap
[10:50] {nemo} .85 S3 support and trend line support
[10:52] {dino} sndk stopped
[10:52] {dino} taking break
[10:53] {dino} f gap filled
[10:53] {magoo} wheres sndk gapp?
[10:54] {nemo} tza
[10:54] {nemo} if spy drops .85 should go for awhile
[10:55] {RonS} sndk gap
[10:55] {magoo} really?
[10:55] {nemo} 46.90
[10:56] {magoo} ty
[10:56] {magoo} gonna fill it today
[10:57] {nemo} then there's a gap at 44.80-45.50
[10:58] {RonS} eur pointing to losing 1.36
[10:58] {davd} s&p breaks 10 day ma
[10:58] {nemo} oh gaaaaawwwwwwddddd not that.....
[11:00] {RonS} flight to safety day...w/ weekend anything could happen in Egypt
[11:00] {nemo} o.k. we should drop now
[11:01] {nemo} figures volume hammer on spy
[11:01] {magoo} man F
[11:02] {Threei}  Mubarak to speak soon
[11:03] {RonS} "my kingdom for a horse"
[11:03] {RonS} check celg
[11:07] {RonS} fro
[11:07] {Threei}  larisa... does it qualify as mini-crash?
[11:07] {larisa} :)
[11:10] {Threei}  look at this:
[11:10] {Threei}  (SP) EuroGroups' Juncker: Spain is not a problem, unnecessary to anticipate discussions on any Portugal bailout- No current plans to restructure Greece's debt
[11:10] {Threei}  need translation?
[11:10] {nemo} they'll have the plans monday
[11:11] {nemo} they gave up on spain
[11:11] {Threei}  Greece debt restructuring is a given, Portugal bailout is all but certain, let's not even think of Spain, it's too scary
[11:15] {Threei}  SNDK's nottomoless
[11:17] {magoo} bottomless too
[11:17] {Threei}  trues
[11:17] {Threei}  -s
[11:17] {Threei}  what kind of stock is EGPT? for some reason it's not in news service database
[11:17] {Threei}  does it have anything to do wih Egupt as a coluntry?
[11:18] {Threei}  or Egypt
[11:19] {nemo} x .51
[11:20] {Threei}  not entirely unexpectedly, White House lives in some parallel univcerse:
[11:20] {Threei}  (US) White House CEA's Goolsbee; GDP figure this morning shows economy is gaining momentum
[11:22] {ese} L ldk avg .67
[11:22] {RonS} nq bouncing
[11:22] {nemo} 1/2 ..60
[11:23] {nemo} stop .48
[11:24] {nemo} stop second half
[11:26] {nemo} x rinse
[11:26] {Threei}  yeah, looks breaky now
[11:30] {nemo} x moving against spy
[11:31] {jfjf64} ?
[11:31] {nemo} was
[11:31] {jfjf64} lol
[11:31] {Threei}  davd... changed hat?
[11:32] {jfjf64} sndk
[11:32] {jfjf64} lk lower
[11:32] {nemo} X holding
[11:32] {ese} somebody wanna explain the mrkt action to me....seems odd based on reasonable data
[11:33] {nemo} egypt
[11:33] {nemo} gold
[11:33] {nemo} uncertainty
[11:33] {ese} ahhhhh oh ya....forgot about that
[11:33] {Threei}  lol
[11:33] {nemo} FRICKIN MUSICIANS!!!
[11:33] {davd} i kept the same hat.  i'm prepping my gold 2000 hat
[11:33] {Threei}  careful with that elephant in your living room, ese :)
[11:33] {magoo} first redd in what 7 days?
[11:34] {RonS} ergo...the ultimate reason...complacency
[11:34] {nemo} day ain't over mags
[11:34] {ese} lol
[11:35] {magoo} dip buyers are dead today
[11:35] {nemo} probably right with Friday and Egypt
[11:35] {dino} es, seems that we have been consistently filling s/p gaps for months, expect bounce at 1280
[11:36] {nemo} i've got 128.10
[11:36] {nemo} which with dividends is pobably around .20
[11:37] {nemo} mmmhhhh, this was a break out level a coupla days ago
[11:38] {Threei}  RIMM
[11:38] {Threei}  nears bounce point
[11:39] {davd} this drop makes sense - mutual fund inflows at a high.  g-d forbid anyone off wall street should make money
[11:39] {nemo} yeah, but it's dead jellyfish bounces today
[11:39] {davd} nemo, are you having an affair w my wife?
[11:40] {nemo} nice one, even I'M not that insulting
[11:40] {Threei}  well, it's not wall Street's fault that main Street folks hit panic buy buttons after 2 years long run
[11:40] {nemo} well maybe to Vad and Les
[11:40] {nemo} another support point for sndk
[11:40] {Threei} Long Setup:  RIMM  .65 breeak
[11:40] {nemo} right through
[11:41] {Threei}  if stays above .55 for scalpers, .50 day traders
[11:42] {Threei}  let's modify to .60
[11:43] {Threei}  if holding .50
[11:43] {Threei}  and if market spikes, even .55 will do
[11:44] {Threei}  very aggressive
[11:44] {Threei}  invalidated
[11:46] {ese} financial industry meltdown in laymans termsDERIVATIVES 101:  Heidi is the proprietor of a bar in  Detroit .  She realizes that virtually all of her customers are unemployed alcoholics and,  as such, can no longer afford to patronize her bar. To solve this problem, she  comes up with a new marketing plan that allows her customers to drink now, but  pay later.
[11:46] {ese} Heidi keeps track of the drinks consumed on a ledger (thereby  granting the customers' loans). Word gets around  about Heidi's "drink now, pay  later" marketing strategy and, as a result, increasing numbers of customers flood into Heidi's  bar. Soon she has the largest sales volume for any  bar in Detroit .
[11:47] {jfjf64} hmm speechless
[11:47] {ese} By providing her customers freedom from immediate  payment demands, Heidi gets no resistance when, at } regular intervals, she substantially increases her prices  for wine and beer, the most consumed beverages. Consequently, Heidi's gross  sales volume increases massively.  A young and dynamic vice-president at the local bank recognizes that these  customer d
[11:48] {dino} lol
[11:48] {ese} customer debts constitute valuable future assets and  increases Heidi's borrowing  limit. He sees no reason for any undue concern, since  he has the debts of the  unemployed alcoholics as collateral !! At the bank's corporate headquarters,  expert traders figure a way to make huge commissions, and transform these  customer loans into DRINKBONDS.
[11:49] {ese} These "securities" then are bundled and traded on  international securities  markets. Naive investors don't really understand that  the securities being sold to them as "AAA secured bonds" really are debts of  unemployed alcoholics.  Nevertheless, the bond prices continuously climb!!,  and the securities soon become the hottest-selling items for some of the n
[11:49] {Threei}  I need a drink
[11:49] {nemo} X strong, migh look to short around .40
[11:50] {ese} nation's leading brokerage  houses.  One day, even though the bond prices still are climbing, a risk manager at the original local bank decides that the time has come to  demand payment on the  debts incurred by the drinkers at Heidi's bar.  He so informs Heidi.
[11:50] {ese} Heidi then demands payment from her alcoholic patrons, but being unemployed  alcoholics they cannot pay back their drinking debts. Since Heidi cannot  fulfill her loan obligations she is forced into  bankruptcy. The bar closes and Heidi's 11 employees lose their jobs.  Overnight, DRINKBOND prices drop by 90%. The  collapsed bond asset value  destroys the bank
[11:50] {RonS} man, even Soviet jokes are better than this...
[11:51] {jfjf64} lol
[11:51] {ese} destroys the bank's liquidity and prevents it from issuing new loans, thus  freezing credit and economic activity in the community.  The suppliers of Heidi's bar had granted her generous  payment extensions and had invested their firms' pension funds in the BOND  securities. They find they are now faced with having to write off her bad debt and  with losing o
[11:51] {dino} 1280 filled
[11:52] {ese} over 90% of the  presumed value of the bonds. Her wine supplier also  claims bankruptcy, closing the doors on a family business that had endured for three generations, her beer  supplier is taken over by a competitor, who  immediately closes the local plant and lays off 150 workers.
[11:52] {ese} Fortunately though, the bank, the brokerage houses  and their respective executives are saved and bailed out by a multibillion  dollar no-strings attached  cash infusion from the government. The funds required for this bailout are  obtained by new taxes levied on employed,  middle-class, non-drinkers who have  never been in Heidi's bar. ----------------------
[11:52] {RonS} ...and Frank Capra makes a movie...
[11:52] {ese} hope that clarified it for you too.................
[11:53] {RonS} ...just like War & Peace...
[11:54] {Threei}  it's all so clear now (gulp)
[11:54] {jfjf64} saulutt
[11:55] {Threei}  nothing like picled cucumber after the third shot of vodka
[11:55] {Threei}  pickled
[11:55] {nemo} just like you
[11:55] {ese} i'm not sure....but i think in a drunken stupor over christmas i may have bought one of those drink bonds
[11:55] {nemo} that was too easy
[11:55] {ese} lol
[11:56] {davd} dino, was 1280 filled earlier?
[11:56] {nemo} 127.80 is next support
[11:56] {dino} sm l sndk .52
[11:58] {RonS} oil screaming up $4
[11:59] {dino} yes davd
[11:59] {dino} dow still has 11823 open
[12:01] {Threei}  RIMM, watching for double bottom
[12:02] {Threei}  dive to about .20, I will be interested
[12:02] {Threei}  watch market though, not to enter into sheer selling
[12:02] {Threei}  in
[12:02] {dino} dow filled
[12:02] {Threei}  stop under .10
[12:02] {Threei}  half lot
[12:03] {nemo} huge move oil
[12:03] {dino} sndk stop -.26
[12:03] {Threei}  come on RIMM, see the green wave?
[12:04] {RonS} eur sub 1.36
[12:06] {Threei}  1:1
[12:06] {dino} slab sm l .25
[12:07] {jfjf64} another shot
[12:07] {Threei}  gulp
[12:07] {Threei}  cucumber
[12:07] {Threei}  exhale
[12:08] {jfjf64} comon mkt
[12:08] {Threei}  Hillary continues to monitor situation
[12:08] {Threei}  I feel safe now
[12:09] {RonS} hehe
[12:09] {jfjf64} ill drink to that
[12:09] {Threei}  sorry jg, I am already drinking to that - find another cause
[12:09] {Threei}  1;2
[12:09] {Threei}  you can drink to yemen though
[12:13] {nemo} aig not up with this bounce
[12:16] {magoo} rimm ahgain here vad?
[12:24] {Threei}  hmm
[12:24] {Threei}  didn't really like it
[12:24] {Threei}  but it worked
[12:24] {nemo} qs right at resistance
[12:35] {Threei}  mibbit hiccup?
[12:35] {RonS} guess so
[12:35] {nemo} F touched the bottom of the gap
[12:41] {nemo} So...think we end green?
[12:42] {Threei}  well... anything's possible.. but I doubt it
[12:42] {magoo} back ty
[12:42] {Threei}  who would want to carry things over the weekend
[12:42] {Threei}  with all this unfolding
[12:42] {nemo} yeah, would think sell of into the afternoon
[12:43] {nemo} for you fib lovers out there, we're at the 23.6 retracement
[12:44] {dino} in ghl sm l ave .49
[12:44] {Threei}  fib lovers...
[12:44] {Threei}  why does it sound dirty
[12:44] {Threei}  (EG) Egypt govt extends curfew nationwide; latest media reports say over 400 protesters injured today, some with gunshot wounds- Still no word on whether Pres Mubarak will give a television address tonight as some earlier reports initially indicated.
[12:44] {nemo} your mind
[12:46] {nemo} wow BHI strong
[12:48] {dino} out slab .74, +.49
[12:53] {jfjf64} mibbit  ??
[12:53] {Threei}  SU
[12:53] {Threei}  Suncor Energy Inc. Reaches session highs as Dennis Gartman on CNBC discusses importance of Canadian crude in light of Egyptian crisisuso
[12:53] {ese} catch you ladies and gents on monday......
[12:53] {dino} cya es
[12:53] {Threei}  have a good weekend ese
[12:54] {ese} dino vad
[12:54] {jfjf64} cya ese
[12:54] {nemo} dude
[12:55] {Threei}  mibbit is a cousin of hobbit, jf
[12:55] {Threei}  what else do you want to know about it?
[12:56] {Threei}  photos from yesterday, who missed ea,rlier
[12:56] {Threei}
[12:56] {Threei}  sorry you east coast folks
[12:59] {nemo} bored huh?
[12:59] {Threei}  well, action slowed down
[12:59] {Threei}  and we performed pretty well so far, especially for such an unusual day
[12:59] {Threei}  so taking a breather
[13:06] {larisa} nice pictures :)
[13:06] {nemo} don't encourage him
[13:06] {larisa} I am not, but pictures are nice :)
[13:07] {dino} wow ndx -2.6%
[13:07] {Threei}  too late, I am encouraged
[13:11] {dino} sndk sm l .50
[13:14] {jfjf64} lvs   spike
[13:17] {Threei}  new wave of selling in the market is coming it seems
[13:17] {Threei}  protests in Jordan too
[13:21] {magoo} find some short setups vad
[13:21] {Threei}  SNDK probably
[13:22] {nemo} qcom brcm X
[13:22] {Threei}  LVS
[13:22] {Threei}  yup, LVS
[13:22] {Threei}  .45 break
[13:22] {magoo} BIDU u say?
[13:22] {Threei}  lol
[13:25] {nemo} successful test of bottom?
[13:26] {Threei}  or little bounce
[13:26] {nemo} yeah still in trend
[13:26] {Threei}  I see no staying power in market
[13:26] {laserhelp} Laser help is here to help!
[13:26] {Threei}  oh just send us money
[13:26] {nemo} wtf
06[13:27] * nemo slaps laserhelp around with a blade server
[13:28] {laserhelp} ouch!
[13:28] {nemo} just gettin' started
[13:28] {laserhelp} if only i could slap back
[13:29] {magoo} DACK  !!!
[13:29] {laserhelp} yo!!!
[13:29] {nemo} oh really!
[13:29] {laserhelp} watching ford like crazy right now
[13:30] {dino} try sane watching
[13:30] {magoo} was in it earlier
[13:30] {nemo} what was that freudian slip vad made yesterday that you caught mags?
[13:30] {nemo} oh yeah, insluts
[13:30] {Threei}  lol
[13:31] {nemo} trend break
[13:31] {jfjf64} ya
[13:31] {dino} tsra sm l .51
[13:31] {magoo} too funny
[13:31] {magoo} magoo"whatcha in vad?"
[13:31] {Threei}  LVS
[13:31] {magoo} vad "insluts"
[13:31] {Threei}  short
[13:32] {Threei}  it loses .40 and market helps, it's so dead
[13:37] {RonS} s/l lvs 3i?
[13:37] {Threei}  ?
[13:37] {RonS} stop?
[13:37] {Threei}  s/l?
[13:37] {Threei}  oh
[13:37] {nemo} S/M
[13:37] {nemo} btu
[13:37] {nemo} sorry
[13:37] {Threei}  above .55-60 I'd say
[13:38] {RonS} we need jf cheerleading...
[13:38] {nemo} there's your spy test
[13:39] {jfjf64} very  quit  today
[13:39] {jfjf64} silent  assin
[13:40] {nemo} who?
[13:44] {nemo} spy, it's like trying to hold somebody's head under water from a dock, no good leverage to push them down
[13:45] {Threei}  lol
[13:46] {Threei}  tie the brik around their neck
[13:46] {Threei}  brick
[13:46] {nemo} there hands have to be tied
[13:46] {nemo} their
[13:49] {nemo} gesundheit
[13:49] {kschun} :-)
[13:57] {dino} ela spike
[13:57] {dino} thin
[13:57] {dino} bad prints/trade
[13:58] {nemo} in tna .21
[13:58] {Threei}  market doesn't sink so far
[13:59] {nemo} 1/2 out .51
[13:59] {dino} gj
[14:02] {dino} out sndk .90, +.40
[14:03] {nemo} out other half .51
[14:04] {nemo} The delay was long between when spy went and tna...didn't even trade for about 10 seconds
[14:06] {jfjf64} here we go
[14:06] {kschun} oh guys, am out again. took the BHI trade.
[14:07] {nemo} S/L?
[14:07] {kschun} break 68
[14:07] {kschun} stop about 20cents
[14:08] {kschun} love this. market really weak and not ableto make new low. just take any stock which is strong and bounce probably will work for you
[14:08] {kschun} also market is far too  low in my op regarding internals.
[14:10] {kschun} would not be very confident in shorting this market
[14:10] {nemo} rangebound since noon
[14:10] {magoo} intresting..i think short into bell
[14:10] {kschun} or may consumer discr. , very weak again.
[14:10] {nemo} tna
[14:10] {kschun} same as yesterday
[14:11] {kschun} magoo probably not bad. when short, then into the bell
[14:11] {nemo} sorry, mistake
[14:11] {magoo} let me clarify..stox and mkt falling into close
[14:12] {nemo} tna available short in LASER
[14:12] {kschun} silver and gold best sectors today. even didnt have to watch to know this
[14:12] {kschun} not sectors, industries, sorry
[14:13] {nemo} you psycho....I mean psychic?
[14:13] {jfjf64} 3i
[14:13] {jfjf64} read slw
[14:13] {kschun} what I psycho ? :-)
[14:13] {nemo} tad unhinged?
[14:14] {kschun} SWL looking short to me
[14:14] {kschun} 31.1
[14:14] {nemo} nicht allen Taschen im Schrank?
[14:14] {Threei}  hard to tell jf
[14:14] {nemo} Tassen, verzeihen Sie mir
[14:14] {kschun} LOL
[14:14] {jfjf64} agree
[14:14] {kschun} no prob man :-)
[14:14] {jfjf64} cd  be  gd  spot  4  bounce
[14:15] {kschun} but however, you short SLW, you are against the strongest industires. just keep in mind
[14:15] {jfjf64} wanted  little  lower
[14:16] {jfjf64} on  radar
[14:16] {jfjf64} l/s
[14:20] {kschun} SLW
[14:27] {kschun} SLW some sellers above .20 taking more then showing
[14:28] {kschun} however, no reading on my side.
[14:29] {kschun} BHI I could beat me...
[14:29] {nemo} mos hod
[14:29] {kschun} myself...
[14:29] {nemo} I'll do it
[14:31] {magoo} vad..LVS valid short?
[14:31] {magoo} magoo kicks vad..wake up
[14:32] {Threei}  my feel is, yes...
[14:32] {Threei}  but it's ffeel only
[14:32] {nemo} quote:  "feerings"
[14:32] {Threei}  right
[14:32] {kschun} SPY
[14:33] {kschun} interestint above .05
[14:33] {nemo} what is?
[14:40] {jfjf64} .40  break
[14:40] {jfjf64} lvs
[14:40] {jfjf64} ?
[14:40] {nemo} short I gather
[14:41] {jfjf64} y
[14:41] {jfjf64} what ya drinkin
[14:41] {nemo} wine spode ode
[14:42] {jfjf64} rimm
[14:42] {jfjf64} lod
[14:43] {nemo} sitting right on s3 support
[14:44] {nemo} nice little triangle on spy
[14:45] {nemo} or wedge
[14:50] {kschun} SPY ready to break 120.2
[14:52] {kschun} did 3 trades in SPY, one long still open. result: flat. just boosting commiss...
[14:52] {nemo} I'm sure your broker appreciates it
[14:52] {kschun} hope so :-)
[14:52] {kschun} :-(
[14:57] {jfjf64} rimm
[14:57] {jfjf64} cant  break
[14:57] {nemo} s3
[14:58] {RonS} can't figure if rimm is angling to break down or laying in shorts to rip their face off
[14:59] {RonS} normal eod's are hard enough but this one...sheesh
[15:00] {kschun} ABX maybe
[15:01] {nemo} there goes rimm
[15:07] {Threei}  as active as morning was, second half of the day is a waste so far
[15:21] {Threei}  well,let's try to short RIMM?
[15:21] {Threei}  60 break
[15:34] {dino}  well thats a week for me, out ghl +.03, out trk -.05
[15:36] {Threei}  hmmm... your broker is happy :)
[15:36] {Threei}  RIMM doesn't want to die
[15:37] {RonS} ok...outta here...c youse Monday...;)
[15:38] {Threei}  have a good weekend Ron
[15:42] {kschun} SU short under 40
[15:43] {nemo} .96 vwamp, and you're right near last break level
[15:43] {kschun} market not supporting it
[15:44] {kschun} u right, thanks.
[15:44] {nemo} .91 is R3, lotta confluence here
[15:47] {kschun} at the end often overtrading. I always trade best at the beginning and worst at the end.
[15:47] {kschun} however today was o.k.
[15:49] {nemo} well, today took out a few trend lines
[15:50] {patience} excellent day for me.  bought precious metals, ag and oil on down days this week.  today is a fluke i am up so much.   one of my favourites AAA.v is making me very happy.
[15:50] {Threei}  wtg
[15:51] {kschun} however I only trade the last two hours, much more difficult then before when I traded always only the open
[15:51] {kschun} especially the last hours often isn't easy
[15:51] {nemo} good for us
[15:51] {nemo} sorry
[15:52] {nemo} well, not really
[15:53] {patience} knew it was too good to last, the puppy just puked on the silk carpet in my office
[15:53] {nemo} mmmhhh, volumes not that high today
[15:54] {nemo} it's because you said something
[15:54] {patience} i think it was the porterhouse steak bone i gave him last night
[15:55] {nemo} poor dog...only gets the bone
[15:55] {nemo} eating in front of him I suppose
[15:55] {nemo} boy have I got cabin fever
[15:55] {patience} my lawn needs mowing, have at it
[15:56] {nemo} nice
[15:56] {nemo} a bit of a ride though
[15:56] {nemo} could be there by, oh...Wednesday
[15:56] {nemo} don't think they'll let me in the country though
[15:56] {patience} definitely, if you are driving on a john deere ride on mower
[15:57] {patience} you'll need one for the size of my law
[15:57] {patience} n
[15:57] {nemo} I'm only 3000 miles away
[15:57] {patience} john deere or a harley....your choice
[15:57] {nemo} mhhh sna broke with spy..running on it's own towards its vwap
[16:00] {Threei}  OK guys
[16:00] {Threei}  thank you all, great week
[16:00] {larisa} bye all
[16:00] {Threei}  have a good weekend
[16:00] {Threei}  turbulent times next week most likely
[16:00] {magoo} c u
[16:00] {nemo} hasta Montag