Wednesday, February 2, 2011

Feb 02 2011

Some setups are not only profitable but also elegant - almost aesthetic joy to play them. Today's Catch of the Day is of this kind. Let's look in the anatomy of this chart, to make the play clear. First, look at the big yellow area marked CUP. That's, umm, a cup of a Cup and Handle setup. Smaller yellow area marked HANDLE is, unsurprisingly, handle of the same. $32.90 is C&H's rim - resistance to break and trigger long. There is however one element of this setup that is not exactly right - look at the volume configuration. While cup's volume is more or less correct (repeating price configuration by rising toward the rim and drying up toward the bottom), handle's volume is all wrong - last test of the resistance occurs  on lower volume. Thus, instead of playing setup directly we went for fading it - shorting setups failure. Handle's bottom is at 32.70 but using it as a short trigger would give us too wide stop, so we went for aggressive entry at .80, with stop above .90 (you remember the difference between 3 kinds of entries, right?) The rest is history.

Other than that, beautiful day with 5 wins out of 5 calls.

Session Time: Wed Feb 02 00:00:00 2011
[08:36] {magoo} kdshfkashvahkhas
[08:36] {Threei}  no way... really???
[08:36] {nemo} thanks...reminds me to take my meds
[08:42] {strider} morning folks
[08:42] {Threei}  strider :)
[08:42] {strider} apkt  whr
[08:42] {strider} erts mgic
[08:44] {jfjf64} mornin
[08:44] {Threei}  jf :)
[08:48] {Threei}  everyone's quotes are up? I hear some accounts are impacted by outage caused by storm
[08:49] {nemo} sfsg
[08:49] {jfjf64} sfsg
[08:49] {jfjf64} nemo  ya  get  hit  with  more  snow
[08:52] {nemo} sleet right now, snow yesterday, we'll see what the day brings
[08:52] {strider} my guess would be sleet and snow.
[08:53] {strider} (trying to be a trend-following guy)
[08:53] {jfjf64} sleet  here /ice last night
[08:53] {Threei}  lol
[08:53] {nemo} shut up vad...don't want to hear it
[08:53] {Threei}  yes sir
[09:03] {strider} apkt all time high at 62.96
[09:12] {magoo} WHR smoked
[09:14] {davd} im getting a rash from my 12000 hat
[09:15] {nemo} next support below 80 is 79.50 78 75.75
[09:16] {Threei}  see davd, that's why my approach of having hats with less increment works
[09:16] {Threei}  Boston airport is closed
[09:16] {nemo} Probably iced in
[09:16] {Threei}  nemo is contained
[09:17] {nemo} drive to Providence Airport, 1/2 hour
[09:17] {Threei}  ugh
[09:18] {davd} right, a hat with an lcd screen
[09:18] {davd} it is, as 3i says, trade what you see, not what you want
[09:20] {ese} morning.......
[09:20] {RonS} cold morning everyone...
[09:20] {Threei}  ese, ron :)
[09:20] {ese} busy moning everyone
06[09:20] * nemo slaps davd around with a large book of Vad quotes
[09:20] {nemo} davd, get it right!
[09:21] {davd} thats not right?
[09:21] {davd} im paraphrasing
[09:21] {ese} nah nah nah......."trade what what you see.......make money"
[09:21] {nemo} what, you think I'd say that just for S&G's
[09:21] {Threei}  actually, right quote is:
[09:21] {Threei}  Eat Bacon, Not Broccoli
[09:22] {ese} rotflol
[09:22] {davd} my house is veggie - will eat tofu not bacon work?
[09:22] {nemo} OUT!!!!
[09:22] {strider} insert projectile barfing here.
[09:23] {Threei}  well... there is some room for variations, but that's really stretching it, davd...
[09:23] {Threei}  folks, my account is among those affected... no quotes here still
[09:24] {ese} that was my morning laugh......."sing into the board...whether you need to or not"   thats my motto......
[09:24] {RonS} for dave:
[09:24] {RonS} :D
[09:25] {ese} hmmmmmmmm just so happens i picked up a few pounds of pork ribs the other day.......
[09:26] {strider} anyone besides vad having quote issues?  things are fine here....but don't want to get into something and have it go ka-plooey.
[09:26] {RonS} np here
[09:26] {ese} not I st
[09:26] {strider} where are you, ron?
[09:26] {RonS} CO
[09:26] {larisa} gm :)
[09:26] {strider} thx
[09:26] {strider} NC here
[09:26] {Threei}  I am told it's limited to certain accounts tied into particular servers
[09:26] {Threei}  larisa :)
[09:27] {Threei}  so if you are fine you should remain fine
[09:27] {strider} canI get that in writing?
[09:27] {Threei}  not by me... I can't write
[09:27] {Threei}  nor type
[09:27] {Threei}  nor speak
[09:28] {nemo} pcx at highs
[09:28] {strider} I wasn't going to say anything.
[09:28] {Threei}  nor do I jhave quotesa... lord, I am useless
[09:28] {Threei}  but here is what I CAN do:
06[09:28] * Threei slaps strider around a bit with a large trout
[09:28] {ese} hey laris
[09:28] {strider} something fishy about that.
[09:28] {ese} lol
[09:28] {larisa} :)
[09:28] {nemo} there goes slw
[09:29] {strider} we may be talking to _notvad_
[09:32] {Threei}  crap
[09:34] {strider} email back from issues on the 'right' side of the border.
[09:34] {Threei}  didn't I tell you that for free
[09:34] {ese} lol
[09:35] {ese} L pld .80
[09:35] {strider} mos
[09:35] {ese} out pld.87
[09:35] {ese} +.07
[09:36] {ese} sorry ......too quick to post soon enough
[09:38] {strider} apkt climbing
[09:41] {magoo} lvs dumops huge
[09:41] {Threei}  Acme Packet Reports Q4 $0.26 v $0.23e, R$70.2M v $61Me- Raises FY11 $1.05 v $1.04e, R$300M v $295Me
[09:41] {larisa} BRCM lost 43
[09:42] {strider} fcx split 56.25
[09:42] {magoo} yup
[09:45] {ese} L gild 1/2 .97
[09:45] {ese} nope .98
[09:45] {RonS} apkt touting "orthogonal access network"...what?
[09:45] {dino} gm all
[09:46] {Threei}  dino :)
[09:46] {ese} dino
[09:46] {RonS} dino, thinkin apkt short...thoughts?
[09:48] {strider} rimm spike
[09:49] {Threei}  whgew
[09:49] {Threei}  finally
[09:49] {Threei} Long Setup:  REE  .95 break
[09:49] {Threei}  half lot
[09:49] {Threei}  if stays above .80
[09:50] {dino} none yet ron
[09:50] {nemo} iwm running
[09:51] {Threei}  let's partial half REE here
[09:51] {Threei}  a bit too vertical
[09:51] {Threei}  scalpers get out
[09:52] {Threei}  1/4 more out
[09:52] {Threei}  try last part near .20
[09:53] {Threei}  stop to under 13
[09:53] {Threei} Short Setup: LVS  .70 break
[09:53] {RonS} x
[09:53] {Threei}  wait
[09:53] {Threei}  disregard
[09:54] {Threei}  meant .80
[09:54] {Threei}  a bit late, let's see if bounces
[09:54] {dino} odfl wants gap fill
[09:54] {dino} there it is
[09:54] {nemo} rimmm jeez
[09:54] {nemo} x
[09:54] {nemo} veco
[09:54] {Threei}  out last part REE
[09:55] {magoo} nice trade
[09:56] {magoo} mkts green
[09:56] {Threei} Short Setup: LVS  .80 break
[09:56] {nemo} surprise
[09:56] {dino} odfl sm l .85 gappy
[09:56] {Threei}  if stays under .90
[09:56] {magoo} nemo, really
[09:56] {Threei}  lol
[09:56] {nemo} amazing
[09:57] {magoo} most hated bull run in history
[09:57] {Threei}  {bull} what did I ever do
[09:58] {RonS} {bull} not my fault, Ben's got a prod up my...
[09:58] {Threei}  rofl
[09:58] {dino} out odfl .20, +.35
[09:58] {RonS} gj
[09:58] {Threei}  wtg
[09:58] {Threei}  LVS invalidated
[09:59] {Threei}  I still like the idea though...
[09:59] {dino} ty
[10:00] {Threei}  let's try again, smaller shares and stop above .95
[10:00] {Threei}  same setup, .80 break
[10:00] {Threei}  if this one invalidates, let it go over 49, then we will look for better idea
[10:01] {ese} L gild avg .90
[10:01] {Threei}  in
[10:01] {Threei}  target is about ,50 - .55
[10:02] {Threei}  1:1
[10:02] {Threei}  half out
[10:02] {Threei}  X lost its mind
[10:02] {magoo} out .57 ty
[10:02] {jfjf64} ty
[10:02] {Threei}  1:2 baby
[10:03] {jfjf64} aggressive  .82
[10:03] {Threei}  out in full
[10:03] {RonS} ...think x moving on whr citing increased costs and raising prices 10% w/ Electrolux
[10:03] {jfjf64} out .59
[10:03] {Threei}  ahh
[10:03] {Threei}  ty ron
[10:04] {RonS} i interpret it that steel prices are gonna stick
[10:04] {Threei}  now, just in case you had any worries in life, fear not:
[10:04] {Threei}  (EU) EU's Barroso: making good progress on drafting reforms of EU stability agreement
[10:04] {ese} thats a hmmmmmmmm
[10:04] {ese} i feel much better knowing that
[10:04] {Threei}  me too, thus sharing the joy
[10:05] {dino} enr sm l .22
[10:06] {Threei}  SLW, if pulls back to about .70 interested in long
[10:06] {jfjf64} mon  big  dump
[10:07] {Threei}  oh and btw
[10:07] {Threei}  - EU's Van Rompuy: EU members have a "strong will" to maintain euro zone stability.
[10:07] {Threei}  and as we all know, if there is a will...
[10:07] {dino} enr to .60
[10:08] {Threei}  who was joking yesterday about Mounties on horses and camels?
[10:08] {dino} out slip, .56, +.34
[10:08] {nemo} me
[10:08] {Threei}  line on CNN: men on camels and horses beat up demonstrators
[10:09] {Threei}  I suggest to ban nemo's jokes, they tend to turn true
[10:09] {nemo} THEY'LL NEVER SILENCE ME!!!!
[10:09] {RonS} sounds ragged or is it rag...sorry
[10:10] {Threei}  SLW...
[10:10] {ese} lol
[10:10] {magoo} silence or we'll take away your hunting priv
[10:10] {Threei}  pullback to .70 ceased to be a buy
[10:10] {nemo} ?
[10:10] {Threei}  it's either deeper pullback, or .90 break
[10:10] {Threei}  invalidated a break
[10:11] {Threei}  oullback to about .60 is of interest now
[10:11] {Threei}  and .50 is much more oreferred
[10:11] {magoo}'d u spot REE this ,morn? been off the radar
[10:11] {jfjf64} mk  up  ya  mind
[10:11] {jfjf64} lol
[10:11] {Threei}  popped as open break setup
[10:12] {magoo} scanner?
[10:12] {Threei}  yes
[10:12] {nemo} atk dino
[10:12] {Threei}  what else
[10:12] {Threei}  ever since I dropped my crystal ball on marble floor, scanner is the oly thing to rely on
[10:12] {magoo} well..i have 8 charts up all time of stox we follow
[10:12] {Threei}  well, and dart board
[10:12] {jfjf64} oh  boy
[10:13] {magoo} and a dart board
[10:13] {RonS} make bullets for the military
[10:13] {nemo} they own the majority of bullet companies
[10:13] {magoo} they own remington
[10:13] {magoo} ?
[10:14] {dino} dk atk
[10:14] {Threei}  change of plans SLW
[10:14] {Threei} Short Setup: SLW  .70 break
[10:14] {Threei}  if stays under .85
[10:14] {nemo} not sure, remember reading there stuff once and going "whoa"
[10:14] {magoo} nemo, u like quality of STAG ARMS?
[10:14] {Threei}  if want aghgressive, take .80
[10:15] {Threei}  with stop above .90
[10:15] {nemo} for that kind of stuff I just go to Bushmaster in NH...Have only played with a couple of STAGs
[10:16] {nemo} just reminded me...have to call SAVAGE
[10:16] {magoo} u know fred lol
[10:17] {Threei}  I am it picking up the phone
[10:17] {Threei}  not
[10:17] {nemo} no, have a customer looking for something specific
[10:17] {Threei} Short Setup: SLW  .80 break if stays under .90
[10:18] {larisa} hhmm
[10:18] {magoo} oh oh
[10:18] {larisa} I thought it set up earlier :)
[10:19] {Threei}  as aggressive variation of previous iteration, yes
[10:19] {Threei}  now it became the offical iteration
[10:19] {Threei}  cancelling previous one and becoming the only one
[10:19] {larisa} you are so complicated :)
[10:19] {magoo} jesus, look at the vocabulary
[10:19] {Threei}  yes... tree pretty, fire bad
[10:20] {dino} nlc sm l .55
[10:20] {Threei}  target 1:3
[10:21] {Threei}  1"1
[10:21] {Threei}  half out
[10:21] {magoo} wheres that lol
[10:21] {Threei}  stop to .85
[10:21] {dino} nus sm l .25
[10:21] {Threei}  lol mags
[10:21] {Threei}  sorry, I'll go back to metrics
[10:22] {nemo} thanks the info I wanted
[10:23] {magoo} huh/
[10:23] {magoo} ?
[10:23] {nemo} from SAVAGE
[10:23] {magoo} metrics?
[10:23] {magoo} ah, daytrader memory u know
[10:23] {Threei}  to all Married with Children fans, Christina APplegate welcomes a baby girl, TV said
[10:24] {magoo} nice, i always wanted to pork her
[10:24] {Threei}  I can't believe all the value this room provides...
[10:24] {magoo} oh oh, i say that outloud?
[10:24] {RonS} can't help
[10:24] {dino} was thinking the same magoo
[10:25] {Threei}  TST Names Christopher P. (Woody) Marshall as its Chairperson; replacing Jim Cramer
[10:26] {Threei}  SLW stop to b/e
[10:26] {RonS} one blockhead for another, eh?
[10:26] {dino} esv
[10:26] {ese} tons of value tons!!!
[10:26] {magoo} oil in 4
[10:27] {Threei}  yeah, let's see expectations
[10:27] {Threei}  Consensus expectations: Crude: +3Me Gasoline: +2Me Distillate: -1.5Me Utilization: 81.4%e v 81.8% prior week
[10:28] {nemo} that feels like a setup
[10:28] {magoo} will that affect silver?
06[10:28] * Threei hits slw over the head with 2x4
[10:28] {Threei}  hopefully this will
[10:29] {jfjf64} rio    question   i  have  htb   with  rio   anyone  else
[10:29] {ese} not I
[10:29] {dino} nlc stopped .31-.24
[10:29] {jfjf64} ty
[10:30] {jfjf64} thx  chuck
[10:30] {ese} waitin on my .90 gild position
[10:30] {Threei}  *DOE CRUDE: +2.6M V +3ME; GASOLINE: +6.2M V +2ME; DISTILLATE: -1.16M V -1.5ME;
[10:32] {Threei}  bands tghten on SLW
[10:32] {Threei}  break is coming
[10:32] {magoo} metric target?
[10:32] {magoo} .55
[10:32] {ese} vad do you have a screen for B bands.....
[10:32] {Threei}  at least
[10:32] {Threei}  what do you know, violence works again
[10:33] {Threei}  1;2
[10:33] {magoo} i luv violence
[10:33] {Threei}  screen ese?
[10:33] {ese} intelliscan screen of some kind for narrowing BB's
[10:33] {dino} nlc sm l .00
[10:34] {Threei}  no, just watching them on the stocks I fiollow
[10:34] {Threei}  there are some screens involving BBs though
[10:34] {Threei}  gotta look to referesh my memory
[10:34] {ese} nLc dino or nic
[10:35] {dino} L
[10:35] {jfjf64} cat
[10:35] {jfjf64} break
[10:35] {jfjf64} ?/
[10:35] {nemo} didn't catch it
[10:36] {Threei}  I guess... but I don't want to trade it
[10:36] {Threei}  recipe for rinse
[10:36] {nemo} stop dino
[10:36] {Threei}  ok SLW... moment of truth
[10:36] {dino} nus stop -.27
[10:37] {RonS} nlc sm l .70
[10:37] {magoo} ron, good entry
[10:38] {dino} gj ron
[10:39] {magoo} cov .60 vad
[10:39] {magoo} ty
[10:39] {Threei}  welcome
[10:39] {magoo} wantedd more
[10:40] {Threei}  I trailed last piece to .75
[10:40] {Threei}  still want more
[10:40] {magoo} but "ABC"
[10:40] {Threei}  me greedy
[10:40] {Threei}  ABC?
[10:40] {magoo} "always banking cash"
[10:40] {ese} nlc misses by 1 stinking no good for nothing snakes belly crawling lower than a wagon rut CENT!!!! and it's dn 3 bills hmmmmmmmm
[10:40] {Threei}  well.. most of it is banked, remainder is in safe territory
[10:41] {ese} nice entry ron
[10:41] {magoo} X will never ever pullback ever ever again
[10:42] {magoo} u should incorporate "ABC" in one of your books vad
[10:43] {Threei}  kidding? that's 2 letters more than I normally use
[10:43] {ese} have you seen the weekly chart of X mags.....thing of will make your prediction come true
[10:44] {magoo} yea...checked its chart premkt
[10:44] {Threei}  out last piece SLW
[10:45] {dino} nus sm l .74
[10:45] {ese} check out the weekly in ldk.......same reason i'm building a long position in it.....slowly
[10:47] {ese} and i'm in no hurry with can takes it's time
[10:49] {ese} in the mean time........GILD BABY !!!!!!!!!!!! DO IT
[10:50] {magoo} lvs again low
[10:50] {nemo} hunkering down before earnings
[10:51] {magoo} lvs reports?
[10:51] {nemo} tomorrow  CHinese New Years, moved earnings up twoo weeks...likely to blow the doors off
[10:51] {ese} just revisiting that pld trade of mine first thing.......what the H was i thinkin......made like $23 bucks 1/2 lot doing .07     Vads fine tuned my reflexes i guess.....saw it moving didn't even think
[10:51] {Threei}  what do you know, SLW almost 1:4
[10:52] {jfjf64} very  nice
[10:52] {ese} in / out
[10:55] {ese} out gild .15 +.25
[10:55] {RonS} gj
[10:56] {dino} gj
[10:56] {ese} tks
[10:56] {ese} makes my day......won't be doing anything else......have a meeting in 45
[10:56] {jfjf64} nice  ese
[10:56] {ese} tks
[10:57] {ese} it's at Camosun College vad........want me to bring up your trading course for them
[10:58] {ese} They love my R&B if I tell them your great....they'll love you too.......what da ya think?
[10:58] {magoo} OY
[10:59] {Threei}  I am all for it
[10:59] {RonS} quote of the day: been watching al jazeera on my etch-a -sketch...very interesting.
[11:01] {ese} etch a sketch?
[11:01] {Threei}  ese, dcc
[11:02] {RonS}
[11:04] {RonS} blti
[11:04] {RonS} 3i should love it...
[11:06] {RonS} cool...just for ese
[11:07] {Threei}  why would I love BLTI?
[11:07] {RonS} BLT i
[11:07] {ese} that would depict Crammer just about right.......blurred edges
[11:08] {Threei}  well, BLTI incidentally nears high on daily {G}
[11:08] {ese} I gotta go all....cya tomorrow
[11:08] {Threei}  take care ese
[11:08] {RonS} cya ese
[11:08] {ese} cya vad ron et al
[11:08] {RonS} always wondered who et al was...
[11:09] {RonS} dino nlc target ...thinkin 28.48
[11:11] {magoo} just shorted X from .00 .to .56
[11:11] {magoo} to fast to post
[11:11] {magoo} sorry
[11:12] {RonS} balls of steel trade, eh mags?
[11:12] {dino} .40
[11:12] {magoo} i guess
[11:16] {magoo} falls all the way to 200...thought that might be case
[11:16] {magoo} but thought .50 hold it better
[11:16] {dino} ten sm l .45
[11:16] {jfjf64} x
[11:16] {jfjf64} what happend
[11:17] {jfjf64} nice  mags
[11:17] {nemo} mos niche chart just too big a stop for me
[11:20] {nemo} anybody play it
[11:20] {nemo} ?
[11:21] {magoo} mos, i only occassionally try if u call it
[11:21] {magoo} not my style
[11:21] {magoo} i like stox losing levels or taking levels such as 200/50 ma and .00 / .50
[11:22] {magoo} ex. X loses .00 level and heads towards .50 level and the 200
[11:22] {Threei}  guys, don't forget to look today's catch of the day
[11:23] {jfjf64} i didnt  know  today is  over
[11:23] {jfjf64} lol
[11:23] {Threei}  where is my trout
[11:25] {nemo} x retraced 50% of today's gain
[11:26] {dino} out ten .75, +.30
[11:31] {magoo} X should be bouncer vad somewhere
[11:31] {nemo} db
[11:32] {nemo} that was it
[11:32] {magoo} man, was watching lvs as bouncer, missed it
[11:32] {jfjf64} off 50% fib
[11:32] {magoo} well the 1200 ma held it
[11:32] {magoo} 200
[11:33] {Threei}  not sure nemo
[11:33] {nemo} not sure what
[11:33] {jfjf64} ??
[11:33] {jfjf64} lol
[11:33] {Threei}  that it was it
[11:33] {Threei}  it's still in consolidation range near low
[11:33] {nemo} well, if you're AGGRESSIVE, could have played the bounce off for a scalp
[11:34] {Threei}  sheesh, I answer within a minute and he can't remember what I refer to
[11:34] {nemo} do have 50 fib, and 200 there
[11:34] {jfjf64} i thought so nemo
[11:34] {Threei}  I don't sdee this as a appropriate situation for agressive entry
[11:34] {jfjf64} lots  of support  ther
[11:34] {jfjf64} tight  stop
[11:34] {nemo} woulda' been
[11:34] {jfjf64} yup
[11:34] {nemo} now it's at vwap
[11:34] {magoo} just admit it vasd, u were eating bacon
[11:35] {nemo}  and 38.2 retracement
[11:35] {Threei}  no, that was 32 min ago
[11:35] {nemo} you sure?
[11:35] {Threei}  very
[11:36] {jfjf64} check  his  coffee nemo
[11:36] {Threei}  I am acutely aware of the time of bacon eating
[11:36] {jfjf64} lol
[11:36] {nemo} spy at resistance
[11:39] {dino} guys are making me hungry
[11:39] {nemo} yeah
[11:40] {RonS} if 3i ate as much bacon as is talked, he would be the thirstiest guy on earth
[11:40] {magoo} i just went downstairs and requested blt for duinner tonite, seriously
[11:40] {RonS} lol
[11:40] {Threei}  I see no connection whatsoever Ron...
[11:41] {nemo} best bacon I ever had was off a friend of mine's pig
[11:41] {magoo} TIVO vad, rumor
[11:41] {Threei}  yes mags
[11:41] {magoo} of settlemt
[11:41] {strider} jnpr
[11:44] {magoo} X crazy..greatest shit in world all morn, now lookat it..looks horrrible
[11:45] {Threei}  if bounces into .20, short it
[11:47] {Threei}  .20 recross
[11:48] {Threei}  if stays under .30
[11:48] {magoo} u first he he
[11:48] {nemo} to late
[11:48] {Threei}  in
[11:48] {nemo} shorting?
[11:48] {nemo} yep
[11:52] {magoo} dino, u still gor ENR NUS NLC?
[11:52] {magoo} vad, u find news TIVO?"
06[11:53] * Threei trios X. throws it on the ground, sits on its back and pounds its face of a pavement
[11:53] {Threei}  mnot news - rumor of settlement
[11:53] {Threei}  you said it yourself
[11:53] {magoo} yea..was wondering if news too
[11:53] {Threei}  1;1
[11:53] {Threei}  covered half
[11:55] {Threei}  stop to .21
[12:01] {Threei}  1:2
[12:01] {Threei}  that's 4 for 4 today
[12:02] {Threei}  can I go home?
[12:03] {Threei}  hmmm
[12:03] {Threei}  well, no one speaks to me, so I sure can
[12:03] {Threei}  1:3
[12:04] {Threei}  even larisa doesn't hmmm me
[12:05] {dino} .
[12:06] {larisa} lol
[12:07] {Threei}  1:4
[12:08] {Threei}  me first eh?
06[12:08] * Threei slaps magoo around a bit with a large roll of cash
[12:20] {magoo} .
06[12:21] * Threei slaps magoo around a bit with a large trout
[12:24] {nemo} whr looking short?
[12:25] {RonS} Skeptics question price hikes by appliance makers       02/02 05:26 AM
[12:25] {nemo} ?
[12:25] {RonS} Korean manufacturers LG Electronics (LGEAF:$0.00,00$0.0000,0.00%) and Samsung have not announced increases and appear to be planning to hold existing prices, Longbow Research analyst David MacGregor said in an earlier note.
[12:26] {RonS} Still, Whirlpool's chief executive, Jeff Fettig, insisted it was not "economically feasible" for Whirlpool to remain indefinitely in the promotional mindset it adopted for the holiday season and last year in general.
[12:44] {magoo} look amzn climb
[12:44] {Threei}  I like seeing amazon climb
[12:45] {magoo} why?
[12:46] {Threei}  I won't tell
[12:49] {nemo} brcm short?
[12:50] {Threei}  thought of it around 43...
[12:50] {Threei}  not sure here
[12:57] {magoo} news AMZN vad?
[12:58] {nemo} RIMM setting up
[12:58] {RonS} rumors of on-line video service
[12:59] {RonS} seems like a lot of overhead supply on rimm daily
[12:59] {nemo} what on LII
[12:59] {Threei}  yeah
[13:00] {Threei}  what ron said
[13:00] {nemo} then again, only T&S matters, how much of that is taurine excrement
[13:00] {nemo} LII that is
[13:03] {dino} enr sm l .70
[13:14] {RonS} yaa, heatin up, temp broke zero...
[13:16] {RonS} Auriga believes MEMC Electronic (WFR) referenced  ReneSola  (SOL) on its earnings call when it said a Chinese company with "very nice costs" in the context of best known methods in solar industry wafering. The firm reiterates a Buy rating on  ReneSola  shares, noting its price target of  $27  offers more than 130% upside from current levels, and says the stoc
[13:17] {RonS} i like aurigala...
[13:19] {nemo} edc  mmmmmmhhhhhh
[13:21] {RonS} apkt...must be owned by The Roadrunner...
[13:23] {nemo} lvs
[13:24] {Threei}  yeah, was looking at .85 break
[13:24] {Threei}  and decided it was just asking for troubles
[13:25] {nemo} no resistance til  .90
[13:33] {nemo} btu
[13:44] {dino} atmi sm l .98
[13:45] {dino} enr stopped -.22
[13:47] {Threei} Long Setup:  BRCM  .80 break
[13:47] {Threei}  stop under .70
[13:54] {dino} enr rinsed  right on my stop, sheesh
[13:54] {nemo} yeah, had that happen to me yesterday in...I forgot
[13:54] {Threei}  something did that to me on Monday
[13:54] {Threei}  or yesterday
[13:54] {Threei}  1 cent
[13:55] {nemo} the shower?
[13:55] {dino} .48 was my stop, hit it and jumped
[13:55] {Threei}  that was more like car driving by and hitting the paddle
[13:57] {nemo} slw break of .40?
[13:58] {Threei}  probably
[14:02] {Threei}  1:1
[14:02] {Threei}  5 for 5
[14:02] {RonS} got .78 to .92 thxs 3i
[14:02] {Threei}  let me reiterate my desire to go homw
[14:02] {Threei}  ron :)
[14:03] {dino} gj
[14:04] {Threei}  ty
[14:06] {ilana} LVS temptimg
[14:07] {ilana} decide already
[14:07] {Threei}  which way?
[14:07] {ilana} i dunno, i say down
[14:08] {ilana} even though daily looks up
[14:08] {ilana} praciticng my swing on paper
[14:08] {ilana} bought it yesterday for 40
[14:08] {ilana} 49, sorry
[14:09] {Threei}  and held today through dive under 48?
[14:09] {Threei}  I couldn't do it even on paper, lol
[14:09] {ilana} on paper, yes
[14:09] {ilana} its swing
[14:09] {ilana} you can't play other way
[14:09] {davd} gj on brcm 3i.  i had a buy signal on this at 12:30.  what made you see a pop at 1:45?
[14:10] {ilana} i've done on real when i started lol
[14:10] {Threei}  ummm... I didn't see it at 12:30? :)
[14:10] {Threei}  well, I am not sure what'the point to do on paper what can't be reproduced in real...
[14:10] {davd} i saw it at 12:30 (too early)  you at a more timely 1:45
[14:11] {Threei}  the dive was just too deep
[14:11] {Threei}  it was a typical bounce setup davd:
[14:11] {Threei}  retracement to support,
[14:11] {Threei}  consolidation,
[14:11] {Threei}  holding support,
[14:11] {Threei}  breaking upper envelope of descending channel
[14:12] {Threei}  see top at 13:02,
[14:12] {Threei}  slide along the descending channel ever since,
[14:12] {Threei}  then doing what I just decsribed
[14:12] {RonS} nus...took .43 ave to .68...+.25  thxs dino
[14:12] {Threei}  only with less dikslexiks
[14:12] {dino} gj ron
[14:12] {davd} ii
[14:13] {davd} brcm out .93 +.18
[14:13] {nemo} dino I have support around here for nlc
[14:14] {dino} might be worth a try
[14:14] {RonS} btw, wussed on nlc  bailed at .12 for +.42
[14:14] {nemo} see if I can get .42
[14:15] {RonS} that is the good news, bad is that i re-entered a v sm l at .80
[14:15] {strider} FDX vad?
[14:15] {dino} i only had .22 on it
[14:16] {Threei}  hmmm
[14:16] {Threei}  looks breakdownish but I am not very confident
[14:16] {strider} third test....was thinking long
[14:17] {Threei}  I dunno... looks shaky either way
[14:17] {Threei}  whgen I feel I can make a case for long or short with the same ease... :)
[14:18] {strider} fdx has a hbit of going comatose when I get in.
[14:18] {strider} habit
[14:18] {nemo} wow ree
[14:20] {RonS} hmmm, only a 2.10 move priced for lvs earnings in the options
[14:20] {nemo} ree gonna break 51?
[14:20] {nemo} ha...mcp broke 51 at the same time
[14:21] {RonS} pass the joint...
[14:21] {nemo} yeah really
[14:22] {RonS} ya got cabin fever nemo?
[14:22] {nemo} among other things...I'm just gonna'sit back...done for the day...I'm cooked
[14:24] {dino} f going for gap fill
[14:25] {RonS} deja vu
[14:26] {nemo} aone
[14:27] {magoo} man look LVS
[14:28] {nemo} yeah, .90 resistance
06[14:28] * Threei slaps laserhelp around a bit with a large trout
[14:28] {nemo} sndk might be C&H
[14:29] {laserhelp} ouch! that hurt
[14:29] {Threei}  meant to
[14:35] {nemo} mmi
[14:35] {nemo} brcm again
[14:36] {RonS} The Honeycomb OS is expected to be available on the up-coming Xoom tablet from Motorola Mobility (MMI:$28.65,00$0.6600,2.36%) available later this year, though Google (GOOG:$613.52,00$2.48,000.41%) did not have specific date for when Honeycomb will be ready to ship.
[14:39] {nemo} BIG volume BRCM
[14:40] {davd} cramer mentioned brcm nemo re volume
[14:41] {nemo} didn't budge it
[14:41] {nemo} I'm talking' that one minute's moving a bit now
[14:43] {strider} watching STEC for dbl top
[14:44] {nemo} .74 seems to be a line in the sand with brcm
[14:44] {nemo} nice formation on spy, only question does it breakout today or tomorrow?
[14:45] {dino} brcm stopped -.15
[14:47] {RonS} volume on es futes at 30% of average
[14:47] {nemo} NLC rinse
[14:47] {magoo} man X just amazes my today
[14:49] {Threei}  your what?
[14:49] {RonS} mags is in his own world 3i...
[14:50] {Threei}  oh, no doubt
[14:51] {Threei}  I just haven't abandoned hope to penetrate it some day and find out whether it at least has all 4 globe directions, or North and West are absent in it
[14:51] {dino} nus to .04
[14:51] {Threei}  laserhelp, look private pls
[14:52] {dino} out nus .08, +.38
06[14:53] * Threei slaps laserhelp around a bit with a attention-getter
[14:54] {dino} \lots of rinses today
[14:54] {nemo} I'm on my 3rd day of the rinse cycle..and it's not even WHR
[14:54] {dino} lol
[14:55] {RonS} out nlc from .50 ave +.14
[14:56] {nemo} I guess ending green is in the bag
[14:57] {dino} nlc whippy
[14:58] {nemo} wow, hit the 50 ma and dropped
[14:58] {RonS} q of the day:  is this mag's son:
[14:59] {magoo} i wish i could slap all ya
[14:59] {RonS} lol
[15:00] {magoo} at top of mibbit, ad for lesbian chat...sigh
[15:00] {davd} wutang style.  good choice
[15:01] {RonS} my mibbit a geek to geek dating service...
[15:02] {Threei}  cool
[15:04] {RonS} nuts, we shoulda gone for that mmi
[15:04] {nemo} I called it out
[15:05] {nemo} I'm done for the day, but I'm looking
[15:05] {RonS} and i posted the reason for the move...:P
[15:05] {nemo} tck might be froming a C&H
[15:06] {nemo} forming
[15:06] {nemo} fromming...that happened to Gerald Ford, right?
[15:06] {dino} via/b
[15:06] {RonS} squeeky
[15:06] {nemo} LVS looks breaky
[15:08] {strider} breaky, or merely achey?
[15:08] {nemo} north
[15:08] {nemo} rimm too
[15:11] {dino} atmi stop .07, +.09
[15:11] {RonS} check stec daily
[15:15] {dino} clda
[15:15] {RonS} just sick, sold nus a buck early
[15:16] {nemo} another shot at nlc Dino
[15:16] {nemo} ?
[15:16] {dino} off .25
[15:17] {nemo} oh yeah, you like the quarters
[15:18] {nemo} nothing says a specific trigger to me yet
[15:22] {nemo} bids
[15:23] {nemo} bids again
[15:24] {nemo} real wow
[15:24] {dino} chewing them up
[15:24] {nemo} that be it, next support around .75
[15:24] {magoo} hidden seller nemo
[15:27] {dino} .22 was top
[15:27] {nemo} or this was the flush before the climb
[15:28] {RonS} 3i, big volume selling in 10 yr treasuries today...notable in that market in Chi and all else was light
[15:29] {RonS} check .tnx daily, seem cued for breakout
[15:29] {Threei}  how do you evaluate this?
[15:30] {RonS} not to sound like an economist but:  gradual selling of treasuries the market can handle...breakout anr run will crack the equities
[15:30] {RonS} imo
[15:31] {Threei}  breakdown you mean
[15:31] {RonS} breakout of rates, breakdown of price
[15:31] {magoo} selling coming in
[15:31] {Threei}  right, lol
[15:31] {Threei}  so, think that could finally be our reversal?
[15:32] {Threei}  I sure hope so
[15:36] {nemo} wtf?
[15:36] {strider} wait till Friday?
[15:36] {Threei}  meaning, Why The Failure?
[15:37] {nemo} figures, nlc, and I'm friggin stopped out for the day
[15:37] {nemo} frickin mofo
[15:37] {dino} whre the fries?
[15:37] {nemo} there goes enr
[15:39] {nemo} x about to hit the 200
[15:39] {Threei}  I don't see any news for this selling
[15:39] {magoo} mkts still selling
[15:40] {strider} 2m
[15:40] {davd} you need news?
[15:40] {strider} whoops
[15:40] {nemo} and enr and nlc holding  enr actually moving a bit
[15:40] {RonS} jf?
[15:40] {nemo} scheiss egal
[15:40] {Threei}  need - no
[15:41] {Threei}  but I want to know if this is knee-jerk reaction on something,
[15:41] {Threei}  ot purely technical move
[15:41] {Threei}  or
[15:41] {RonS} dawning on people what happened in treasuries?
[15:42] {RonS} they say the bond market is a lot smarter than the stock market...
[15:42] {nemo} who's they?
[15:42] {RonS} ...i think you have to be smarter in order to stay awake...
[15:43] {nemo} bennies
[15:43] {nemo} Peruvian marching powder
[15:43] {Threei}  BRCM quite a spike
[15:43] {magoo} heres the dip buyers
[15:43] {RonS} nemo, they is the fact that historically bonds lead major moves...
[15:44] {magoo} can they do it??
[15:44] {nemo} who they?
[15:44] {RonS} who dat?
[15:44] {magoo} u know
[15:44] {magoo} them
[15:44] {nemo} oh yeah...erts really strong
[15:44] {nemo} brcm up
[15:44] {Threei}  oh THEM
[15:44] {nemo} right'
[15:44] {magoo} boy, skin flick chic charlie sheen was with is smokin hot kacey jordan
[15:45] {nemo} He doesn't even have to act, he plays himself
[15:45] {magoo} pic on new york post page 6
[15:46] {dino} nlc stop
[15:49] {nemo} what you get stopped at .04 dino?
06[15:51] * strider slaps nemo around a bit with a large sign of the beast
[15:51] {dino} yes
[15:51] {nemo} leave my brother alone
[15:51] {strider} your brother is a large sign?
[15:51] {nemo} jeez...enr decided to cough up a furball after touching 1:1
[15:52] {nemo} oops
[15:58] {Threei}  OK guys, thank you all
[15:58] {Threei}  have a good evening,
[15:58] {Threei}  see you tomorrow
[15:59] {dino} gn all
[16:01] {magoo} bye all
[16:01] {larisa} BYE :)