The running commentary in the room is the best explanation of this play, as it happened real time. I'll quote it in full.
[10:04] {ScottM} Thinking if X breaks .10 could go for big ride down.
[10:05] {Threei} Scott, I'd be looking for aggressive entry
[10:06] {Threei} breakdowns in this market are questionable - while elevator does go down, snapbacks are fast anf furious, and tend tio rinse you out
10:10] {Threei} Short Setup: X .30 break
[10:10] {Threei} if stays under .40
[10:12] {larisa} so X broke downtrend it had since 59, pulling back to support at .20 and you short at .30 with potential of what? scalp ?
[10:12] {larisa} just curious what you see
[10:12] {Threei} no, I want more out of it
[10:12] {Threei} idea is different a bit here
[10:13] {larisa} you think it will retest?
[10:13] {larisa} lows I mean
[10:13] {Threei} red while market is strong, drops while market climbs,
[10:13] {Threei} bounces rather viciously,
[10:13] {Threei} so I don't want to take breakdown and get rinsed,
[10:14] {Threei} but when it bounces, I want to get some more or less decent formation to short wirth bearable stop.
[10:14] {Threei} jump into .40 formed kind of double top,
[10:14] {Threei} not very clean, but still,
[10:15] {larisa} I see
[10:15] {Threei} little mini-range between .30 and .40 gave me a trigger and stop
[10:15] {Threei} look at the volume too
[10:15] {Threei} not rising on that bounce
[10:16] {Threei} as for downtrend break on 1 min, yes but this is exactly the nature of this beast - this is how it rinses
[10:16] {Threei} so I am just trying to rinse the rinsers
[10:16] {Threei} so far it works
[10:17] {Threei} and deep in my soul there is a strong suspicion,
[10:17] {Threei} not only it's going to retest the low,
[10:17] {Threei} it wants to make new one
[10:18] {Threei} whether it rinses our balance in the process is another matter :)
[10:18] {Threei} my stop is .35
[10:18] {Threei} volume again drops as it bounces
[10:19] {Threei} see this precision? touched .31, just enough to shake out those who keeps it too literal
[10:20] {Threei} 1:2
[10:20] {Threei} I name this play "don't kid the kidder"
[10:21] {jfjf64} ahh the old DKTK play
[10:21] {Threei} rofl
.......
[10:57] {Threei} fiinally
[10:57] {Threei} new low
[10:57] {Threei} 1:3
[10:59] {Threei} 1:4
[11:05] {Threei} 1:5
[11:07] {Threei} all this beautiy for lousy 10 cents risk
Needless to say, X proceeded to 1:11(!) as I write this - such is power of aggressive entries (http://blog.realitytrader.com/2007/07/how-aggressive-are-you.html)
Session Time: Wed Feb 09 00:00:00 2011
[08:07] {magoo} mornink comrades
[08:31] {Threei} morning
[08:34] {magoo} hey vad
[08:35] {magoo} in past 20 years the dow has only 10 times had 8 session winning streaks, not alot....but here we are
[09:03] {Threei} folks, a little favor pls
[09:03] {Threei} http://www.realitytrader.com/victoria.html
[09:03] {Threei} do you see an image of the book cover with red word "preview" showing?
[09:04] {Threei} I see it when using Chrome, but not via IE
[09:04] {Threei} weird
[09:05] {magoo} no image here vad
[09:06] {Threei} red x instead?
[09:06] {RonS} none w/ me...yep red x
[09:06] {Threei} which browser?
[09:06] {RonS} IE
[09:06] {Threei} ty
[09:06] {magoo} yes
[09:07] {magoo} IE
[09:07] {Threei} if anyone has firefox, look through it pls
[09:11] {larisa} gm :)
[09:11] {Threei} larisa :)
[09:11] {larisa} :)
[09:17] {ScottM} Good morning everyone!
[09:17] {Threei} scott :)
[09:22] {RonS} PLAB 4.1 mil sh short
[09:24] {magoo} vad, keep smsi on radar..watch SMSI for bounce
[09:24] {_yew1118} gm guys ready to mke money
[09:25] {Threei} morning yew
[09:26] {Threei} we are always ready to make money... it's money that is not always ready to be made
[09:26] {Threei} TiVo Inc Ticks lower on financial press report that Echostar gets ruling that reopens patent case against Tivo
[09:31] {Threei} Short Setup: LVS .30 break
[09:31] {Threei} if stays under .40
[09:31] {Threei} invalidated
[09:32] {Threei} .short smsi .10 break
[09:32] {Threei} half lot
[09:32] {Threei} stop above .20
[09:33] {magoo} missed it
[09:33] {Threei} 1:1
[09:33] {magoo} jesus, it my spot
[09:33] {Threei} was obtainable... where have you been
[09:34] {ese} gm
[09:34] {Threei} ese :)
[09:34] {magoo} i dunno anymore
[09:35] {magoo} take look at SWIR
[09:35] {Threei} quite a miss on earnings and guidance
[09:36] {dino} gm
[09:36] {Threei} LVS pullback
[09:36] {Threei} looking for long
[09:37] {Threei} Long Setup: LVS .50 break
[09:37] {Threei} cancel that
[09:38] {dino} wow, lots of blood, motr, smsi, swir, rurl, micc, csc
[09:38] {Threei} yeah
[09:38] {magoo} MOTR too dino
[09:38] {Threei} Long Setup: LVS .40 break
[09:38] {Threei} ugh, late
[09:38] {Threei} no chasing
[09:38] {Threei} let it come back to you
[09:39] {Threei} if we missed so be it
[09:39] {dino} csc gap fill dec
[09:41] {Threei} Long Setup: RIMM .05 break
[09:41] {Threei} half lot
[09:41] {Threei} stop under .95 scalpers, .90 day traders
[09:41] {dino} csc sm l .00
[09:42] {Threei} LVS got away
[09:42] {Threei} oh well
[09:42] {dino} ouch, stopped
[09:43] {Threei} RIMM 1:1 scalpers
[09:43] {magoo} look OPEN
[09:44] {magoo} 91.50 pop aftrhours
[09:44] {dino} rinsed
[09:44] {magoo} low afterhr 82.50
[09:44] {Threei} stop to under 64
[09:45] {dino} re-load csc sm l .00 break
[09:45] {magoo} why is csc hammered/
[09:46] {RonS} large percent of biz in public sector...prob states and that biz is weak
[09:46] {Threei} cut EPS for 2011
[09:47] {RonS} plav long on .75 break 3i?
[09:48] {Threei} - Cuts FY11 EPS $5.20 v $5.39e, R$16.2B v $16.6Be
[09:48] {Threei} PLB you mean, I take it
[09:48] {RonS} plab
[09:48] {Threei} I'd try .70 break
[09:49] {Threei} see why? :)
[09:51] {magoo} yup
[09:52] {Threei} LVS, let's see if we can catch it this time
[09:53] {Threei} want pullback to .20
[09:53] {Threei} for long with stop under .15
[09:53] {Threei} ideall, it'd dive briefly undr .20, hold .15 and recross .20 for entry
[09:54] {dino} tdw sm l .25
[09:55] {RonS} plab .745 to .88 thnxs 3i
[09:55] {Threei} :)
[09:58] {Threei} Short Setup: LVS .40 break
[09:58] {Threei} just a scalp
[09:58] {Threei} if stays under .45
[09:58] {Threei} tight stop, target's around .30
[09:59] {Threei} maybe just under
[09:59] {RonS} Ron Paul and The Bernank on the hill today
[09:59] {magoo} dino, u in CSC?
[09:59] {Threei} formally speaking 1:1... lol
[10:00] {dino} y
[10:01] {Threei} (US) Fed Chairman Bernanke: The US cannot grow its way out of fiscal imbalances, reiterates that while there is ground for optimism on jobs that employment won't normalize for some time
[10:02] {dino} .07 all green
[10:02] {Threei} why the long face ben
[10:02] {magoo} u in .07? iio took .00
[10:03] {Threei} Believes pace of economic recovery will pick up in 2011 - Reiterates Fed has the tools it needs to exit from accomodative policy steps
[10:03] {Threei} and fed will not monetize debt, yeah, we know
[10:03] {Threei} - Reiterates that Fed bond buying does not add to debt.
[10:03] {Threei} say what??
[10:03] {dino} afop gap fill dec
[10:04] {ScottM} Thinking if X breaks .10 could go for big ride down.
[10:04] {RonS} amx v sm l .79
[10:04] {Threei} finally LVS
[10:04] {Threei} out
[10:05] {Threei} that was one fine red bar
[10:05] {Threei} Scott, I'd be looking for aggressive entry
[10:06] {ScottM} k
[10:06] {magoo} only thing is, mkrs went green here
[10:06] {magoo} mkts
[10:06] {Threei} breakdowns in this market are questionable - while elevator does go down, snapbacks are fast anf furious, and tend tio rinse you out
[10:06] {Threei} mags, but C is red and weak
[10:07] {Threei} X
[10:07] {ScottM} Agreed
[10:08] {magoo} agree vad, but its nasty animal, rather short green bars up
[10:08] {Threei} isn't this what I said? :)
[10:08] {Threei} 10:05] {Threei} Scott, I'd be looking for aggressive entry
[10:08] {magoo} yup, didnt i say "agree"?
[10:08] {Threei} yes but then you added "but"
[10:08] {magoo} typo
[10:09] {Threei} typo?
[10:09] {Threei} typo??
[10:09] {magoo} was scratching my butt
[10:09] {Threei} no one is allowed to make any typos here
[10:09] {Threei} nor misspell
[10:09] {Threei} I meen mizspel
[10:10] {dino} teva sm l .51
[10:10] {Threei} let's try this:
[10:10] {Threei} Short Setup: X .30 break
[10:10] {Threei} if stays under .40
06[10:11] * Threei slaps jfjf64 around a bit with a alarm clock
[10:11] {jfjf64} lol
[10:11] {jfjf64} gm all
[10:11] {Threei} jf :)
[10:11] {Threei} 1:1
[10:12] {larisa} so X broke downtrend it had since 59, pulling back to support at .20 and you short at .30 with potential of what? scalp ?
[10:12] {larisa} just curious what you see
[10:12] {Threei} no, want more out of it
[10:12] {magoo} X has an options down target of 52.50
[10:12] {Threei} idea is different a bit here
[10:13] {larisa} you think it will retest?
[10:13] {larisa} lows I mean
[10:13] {Threei} red while market is strong, drops while market climbs,
[10:13] {Threei} bounces rather viciously,
[10:13] {Threei} so I don't want to take breakdown and get rinsed,
[10:14] {Threei} but when it bounces, I want to get some more or less decent formation to short wirth bearable stop.
[10:14] {Threei} jump into .40 formed kind of double top,
[10:14] {Threei} not very clean, but still,
[10:15] {larisa} I see
[10:15] {Threei} little mini-range between .30 and .40 gave me a trigger and stop
[10:15] {Threei} look at the volume too
[10:15] {Threei} not rising on that bounce
[10:16] {Threei} as for downtrend break on 1 min, yes but this is exactly the nature of this beast - this is how it rinses
[10:16] {Threei} so I am just trying to rinse the rinsers
[10:16] {Threei} so far it works
[10:17] {dino} csc stop -.13
[10:17] {Threei} and deep in my soul there is a strong suspicion,
[10:17] {Threei} not only it's going to retest the low,
[10:17] {Threei} it wants to make new one
[10:18] {Threei} whether it rinses our balance in the process is another matter :)
[10:18] {Threei} my stop is .35
[10:18] {Threei} volume again drops as it bounces
[10:19] {dino} ntgr sm l .25
[10:19] {Threei} see this precision? touched .31, just enough to shake out those who keeps it too literal
[10:20] {Threei} 1:2
[10:20] {ScottM} in X at .19 Stop .31
[10:20] {Threei} I name this play "don't kid the kidder"
[10:21] {Threei} a bit late to the party scott...
[10:21] {Threei} but still works
[10:21] {ScottM} lol
[10:21] {ese} SIAL earnings beat on slightly dn revs
[10:21] {ScottM} Still hoping for break of .10
[10:21] {jfjf64} ahh the old DKTK play
[10:21] {Threei} rofl
[10:22] {ese} L sial sm .76
[10:22] {Threei} stop is either breakeven or .25 at this point
[10:23] {Threei} depends on your desire to keep all the money you made so far or give away little part of it
[10:23] {RonS} ntgr nice dino...i missed entry...
[10:24] {Threei} OK X, time for breakdown
[10:24] {dino} last try csc sm l .25
[10:24] {ScottM} I am on your cheering squad
[10:24] {Threei} here comes retest of the low
[10:25] {Threei} Scott... we have very strict aufitions for cheerleaders, and I am pretty sure you fail the very first test...
[10:26] {dino} aeis sm l .15
[10:27] {ScottM} And I have hairy legs
[10:27] {Threei} there you go
[10:27] {patience} so do i
[10:27] {RonS} omg
[10:27] {dino} ntgr to .51
[10:27] {ese} give sial a look dino
[10:27] {patience} 2 enormous dogs drapped over them. keeping them warm
[10:28] {patience} when does ron paul start to talk, i want some excitement in the market
[10:28] {dino} out ntgr +.30
[10:28] {ese} nice
[10:29] {dino} ty
[10:29] {dino} sial, needs more down imo
[10:30] {ese} your probably right
[10:30] {Threei} *DOE CRUDE: +1.9M V +2ME; GASOLINE: +4.66M V +2ME; DISTILLATE: +290K V -1ME; UTILIZATION: 84.7% V 84.2%E
[10:32] {dino} altho, higher lows in making
[10:33] {dino} csc to flat
[10:34] {jfjf64} cboe
[10:36] {dino} csc stop +.05
[10:37] {ese} L ntap .89
[10:38] {ese} aggressive entry looking for 60 break
[10:44] {Threei} Long Setup: LVS .45 break
[10:44] {Threei} if holding .40
[10:44] {magoo} in
[10:45] {Threei} o go
[10:45] {dino} ste sm l .51
[10:48] {dino} vocs lod
[10:53] {RonS} shld momo
[10:54] {Threei} 27% See UN As U.S. Ally, 15% As An Enemy
[10:54] {Threei} hmmm... the rest ask "what's UN"?
[10:55] {ScottM} lol
[10:55] {RonS} ...and 100% see it as a slovenly money-spending jellyfish
[10:55] {ScottM} x
[10:57] {Threei} fiinally
[10:57] {Threei} new low
[10:57] {Threei} 1:3
[10:59] {Threei} 1:4
[11:05] {Threei} 1:5
[11:05] {Threei} I am out
[11:05] {ScottM} looking good
[11:06] {dino} vocs sm l .50
[11:06] {dino} usna gappy
[11:06] {ScottM} no volume spike yet
[11:07] {Threei} 1:6
[11:07] {Threei} all this beautiy for losuy 10 cents risk
[11:08] {Threei} yew... happy with money making today?? :)
[11:09] {dino} sial new lows
[11:09] {ese} sial stopped .49
[11:10] {ese} -.26
[11:10] {ese} you were right dino......
[11:10] {ScottM} good idea to lower stop to above level of mini support (.91) after break Vad? On X
[11:10] {Threei} resistance you mean
[11:11] {Threei} sure, if you want to trail it further
[11:11] {ese} thought it was worth a try
[11:11] {ScottM} k
[11:11] {ese} dino what gave you the sense that it was still heading lower
[11:13] {ScottM} out of X
[11:13] {dino} gut said 65 stock should lose more than the 20 stocks dop
[11:13] {dino} tdw stopped -.30
[11:13] {Threei} beautiful
[11:13] {Threei} wtg Scott
[11:13] {Threei} great patience
[11:14] {ScottM} thanks Vad
[11:14] {dino} gj
[11:14] {ese} nice scott
[11:14] {ScottM} thks
[11:14] {Threei} still dropping
[11:15] {dino} all red
[11:15] {ScottM} buyers remorse
[11:15] {ScottM} lol
[11:17] {ese} out ntap even .89 -/+ .00
[11:17] {dino} teva ste to b/e
[11:17] {ese} hmmmmm didn't like what i saw with the spyders
[11:24] {davd} gold below yday low
[11:25] {dino} aeis stop -.05, teva stop flat
[11:27] {magoo} HNI vad
[11:28] {Threei} (US) Fed's Bernanke: Aiming to reach more normalized levels of employment at 5-6%, and that would come after withdrawal of the acccomodative monetary policy - Q&A- Growth levels at the 2.5% level are required for new employment
[11:34] {dino} mcy sm l .51
[11:40] {ese} L ntap .75
[11:41] {jfjf64} nyx halted
[11:42] {dino} teva sm l .39
[11:45] {jfjf64} x wedge
[11:45] {nemo} .87 support
[11:52] {nemo} boy, this has been a brutal correction today
[11:52] {nemo} ;)
[11:53] {Threei} -17 point DJI
[11:53] {nemo} crushing
[11:53] {jfjf64} feels lk 100
[11:53] {nemo} the despair
[11:54] {RonS} dino csc blood
[11:54] {jfjf64} nyx
[11:54] {jfjf64} hmm
[11:54] {Threei} (GR) ECB's Bini Smaghi: A Greece default could be very difficult on the Eurozone; default is not an option as it would cause too much damage
[11:55] {Threei} http://www.realitytrader.com/vad/chicken-little-sky-falling.jpg
[11:55] {nemo} too funny, so they either lend them the money, or reschedule the debt, same thing
[11:56] {nemo} well, here comes the retest
[11:57] {RonS} NYSE and Deutsche Boerse holding merger talks 02/09 09:51 AM
[11:58] {nemo} yah know what's scary about that?
[11:58] {nemo} NAS owns LSE, right?
[11:59] {RonS} ...and London bought Toronto
[12:04] {ese} now thats one i didn't know.....when did London buy Toronto Ron
[12:04] {RonS} today
[12:05] {RonS} or yesterday...read it on Cara
[12:05] {ese} huh.....whoa....i sure missed that one
[12:05] {ese} hmmmm didn't read his blog last couple of days
[12:06] {ScottM} Vad, what do you think of AIG breakdown from h&s formation at .49, stop above right shoulder?
[12:07] {Threei} toughie
[12:07] {Threei} not sure
[12:07] {Threei} hey guys, a question
[12:07] {ScottM} yes, not that clean in some ways
[12:08] {Threei} if next conference takes place in Whistler mid Sept, any preliminary intereste?
[12:08] {Threei} no firm commitment required
[12:08] {RonS} yes
[12:08] {Threei} although I'll kill you if you say yes now and don't come then, but don't let it worry you
[12:09] {nemo} you will, huh?
[12:09] {RonS} gotta find me first...
[12:09] {Threei} I count on you as a partner, knowing how much you like violance
[12:09] {nemo} that's easy
[12:10] {ScottM} Would like to go, but
[12:10] {ScottM} Sept. up in the air right now.
[12:10] {Threei} but wqhat, you don't ski??
[12:10] {nemo} o.k. high volume candle, tck after double bottom....errrr....at lunch time...spy still not sure what it's doing....maybe not
[12:10] {ScottM} not well
[12:11] {Threei} "not well" is head and shoulders above me, believe me :)
[12:11] {nemo} guess I shoulda'
[12:19] {patience} moving back into energy, SU and CNQ, waiting for downdraft to exhaust itself
[12:19] {nemo} that big oil build...4th straight week
[12:20] {patience} yes to Whistler Vad
[12:20] {nemo} this is where you make a crack about Vad's age, and a really bad pun
[12:21] {nemo} He's so old he probably met Whistler's mother
[12:21] {nemo} rim shot ese
[12:21] {Threei} lol
[12:21] {ese} -ba dap bap
[12:21] {patience} not bad nemo :)
[12:21] {nemo} What's worse, I think I'm older
[12:22] {RonS} badda bing...
[12:22] {nemo} keep getting these AARP applications
[12:22] {nemo} got my first one at 38
[12:22] {_yew1118} v lot
[12:23] {nemo} ?
[12:23] {nemo} shrub, I'm confused?
[12:23] {dino} ntgr sm l .49
[12:38] {nemo} open looks up, but spread not much fun....Dino
[12:43] {dino} ste to .80 brb
[12:55] {dino} you were right on open
[12:57] {nemo} think it has a date with the .80 area unless spy reverses strongly
[12:58] {nemo} thinking tck bounces between here and .10
[12:59] {nemo} see if spy can weight it down
[13:00] {dino} out ste .81, +.30
[13:09] {nemo} wow, volume tck, long above it Vad?
[13:10] {nemo} should have shorted off it
[13:11] {nemo} having said that, would be a perfect rinse scenario before heading higher
[13:11] {Threei} hmm
[13:11] {Threei} yeah, looks this way to me
[13:12] {nemo} just about to touch would be trend line
[13:14] {nemo} nice if it consolidated here for a bit
[13:14] {nemo} no volume coming in yet
[13:14] {nemo} mmmmhhhhh
[13:15] {ese} 1/2 out ntap .94 +.18 1500 to go
[13:15] {dino} gj
[13:15] {ese} stop to break even
[13:15] {nemo} what's with the wuss shares ese?
[13:16] {ese} lol
[13:16] {ese} to smokin busy with other things.......too distracted....could make too many mistakes
[13:16] {nemo} crissakes you used to buy half a day's volume in a stock
[13:17] {magoo} boo whoo
[13:17] {ese} I know.....have gotten conservative.......
[13:17] {nemo} old age
[13:17] {ese} yup
[13:17] {magoo} music making u soft lol
[13:17] {nemo} mmmhhhh X
[13:18] {ese} these days...5 shows in 9 nights coming up
[13:18] {ese} g dam tired as hell in the morning
[13:19] {nemo} X feels higher
[13:25] {magoo} X needs to take the 200
[13:26] {ese} out ntap balance .96 +.20
[13:26] {magoo} nice
[13:26] {ese} tks mags......
[13:27] {dino} gj
[13:27] {magoo} mkts almost greem
[13:27] {ese} I have a gospel artist from S Carolina coming to my school today to visit my program......don't have time to keep on this one
[13:28] {ese} http://www.gerganamusic.com/fr_home.cfm
[13:29] {ese} if anyones in the neighborhood
[13:29] {ese} Vad??? Patience????? hows your singing skills coming along......need to do a workshop maybe ???ehhhh????
[13:30] {ese} starts next week?
[13:30] {Threei} here is the deal ese
[13:30] {ese} lol
[13:30] {Threei} if there is crowd you really really hate, and want to do hard by,
[13:30] {Threei} gather them,
[13:30] {Threei} call me, and get me to sing to them
[13:31] {ese} rotflol
[13:31] {Threei} I guarantee you,
[13:31] {Threei} there is no wosre thing you could possibly do to them
[13:32] {ese} ya......now that you mention it....we've never done any camp fire singing at your shiskabob parties
[13:32] {Threei} also, I will do it for free - the pleasure of seeing people breaking down the windows and jumping out, in attempt to get out of the horrow zone,
[13:32] {Threei} it alone worth it
[13:32] {Threei} horror
[13:33] {Threei} please make sure people come unarmed though
[13:33] {Threei} both suicides and homicides are likely to happen
[13:33] {ese} although....we have been in shape enough to give it a shot......alchohol wise that is
[13:33] {nemo} knowing your voice, you better make sure there's no glassware
[13:33] {Threei} oh... russians need about three times that dose to start singing
[13:34] {ese} definitely....vads proved that point
[13:34] {Threei} clay ware is not safe either, nemo
[13:34] {ese} lol
[13:34] {nemo} they'll be chewing into their wrists
[13:35] {Threei} aime higher - people have been known to try and gnaw at their throats, to avoid listening to me singing
[13:35] {ese} lol
[13:35] {Threei} don't ask me how that is anatomically possible, but they did
[13:36] {nemo} well, there's the Yakuza self-neck-break too
[13:37] {Threei} AIG
[13:37] {Threei} watching for poosible short into bounce
[13:37] {davd} bidu up big on upgrade this morning. . is there a rule of thumb on how long the euphoria lasts?
[13:37] {Threei} not really
[13:37] {nemo} remember, market can stay irrational longer than you can stay solvent
[13:37] {davd} ii
[13:39] {nemo} btw...I've tested that axiom
[13:40] {RonS} ...or was is axed my testium
[13:40] {RonS} it
[13:40] {Threei} lol
[13:40] {nemo} not sure I can give you credit for that Ron
[13:40] {nemo} unless it's a Eubonics thing
[13:41] {nemo} then you get credit for a foreign language
[13:41] {RonS} no, meant ax
[13:41] {nemo} oh...forget it then
[13:41] {RonS} been there, done that too...
[13:41] {nemo} AIG at support
[13:41] {Threei} yes, but I would prefer to wait for a rinse
[13:41] {Threei} and try to short when support shorters give up and get stopped
[13:41] {ese} Just realized that when you click onto that website you have to click workshops http://www.gerganamusic.com/fr_home.cfm
[13:42] {nemo} there's pivot support at .10
[13:42] {nemo} Holly Cole type
[13:42] {ese} any of you on this board from N or S Carolina
[13:42] {nemo} lived in South Carolina for awhile
[13:42] {nemo} age of consent younger and all
[13:43] {RonS} lol
[13:43] {ese} ah ha
[13:44] {RonS} ...had this boss who had great lines
[13:44] {RonS} one time in bar a young woman came onto him
[13:44] {RonS} he says: honey, I'm too old for you , and you're too old for me"
[13:45] {nemo} oy vay
[13:45] {ese} ahhhhhh ......hmmmmmm i don't get it
[13:45] {nemo} He likes even younger women
[13:45] {ese} ahhhhhhhh
[13:46] {nemo} you're blonde, aren't you?
[13:46] {ese} lol
[13:46] {RonS} rotflol
[13:46] {nemo} slw might be a short
[13:46] {ese} gotta love nemos' no bs get right to the point style
[13:47] {nemo} I can get away with it...
[13:47] {nemo} None of you are close enough to choke the shit out of me
[13:47] {ese} lol
[13:48] {ese} dream about it though
[13:48] {nemo} touche
[13:48] {RonS} ...and running fast...
[13:49] {nemo} to play a tck bottom bounce, or not
[13:49] {nemo} new low
[13:51] {nemo} wow, that's great stuff ese
[13:54] {nemo} if TCK drops this, I don't see support for another $1
[14:01] {Threei} kschun... man, the play you missed...
[14:02] {Threei} TCK looks so dead
[14:03] {Threei} I wouldn't try a bounce on it nemo
[14:03] {Threei} I would be looking to short it
[14:03] {nemo} it bounced at breakout support on the hourly chart, but there's no clean chart support until 56.85
[14:07] {magoo} X short loss 57 vad?
[14:07] {Threei} I think so
[14:07] {Threei} TCK is at topping point, I think
[14:08] {nemo} old support new resistance thing
[14:09] {ScottM} took TCK at .69. stop .79
[14:12] {ScottM} out half
[14:13] {kschun} hello guys. which trade vad? I am currentyl in BRCM
[14:13] {nemo} [14:08] {&Threei} TCK is at topping point, I think
[14:13] {Threei} beautiful Scott
[14:13] {ScottM} thks
[14:13] {Threei} kschun... that was X short. 58.30
[14:14] {kschun} ah I see... really have to join earlier... :-)
[14:14] {nemo} I won't know what to do with myself if the SPY doesn't close at a new high
[14:15] {Threei} well, ealrly joining doesn't earn you many points - jf was late by just 40 min today, and look what it got him:
[14:15] {Threei} [10:11] * Threei slaps jfjf64 around a bit with a alarm clock
[14:16] {kschun} :-)
[14:21] {ScottM} TCK maybe ready to give up low of move
[14:22] {Threei} here comes fun
[14:22] {Threei} TCK, X
[14:23] {Threei} seriously, this must be illegal...
[14:25] {_yew1118} HI
[14:25] {Threei} hi yew
[14:25] {Threei} start covering X mags
[14:26] {magoo} ok
[14:26] {ScottM} out of TCK... too soon... large green bars threw me.
[14:26] {Threei} TCK juicy fdrop fro the bounce top
[14:27] {nemo} got support around .25 for X
[14:27] {ese} gotta go cya ta ma ra
[14:27] {Threei} take care ese
[14:28] {ScottM} cya
[14:28] {magoo} shorted a lil open loss 84
[14:29] {Threei} looking at this spread, I wouldn't touch this stock with 10 ft pole
[14:34] {magoo} TCK a short again?
[14:34] {Threei} no
[14:34] {Threei} at least not that I could read
[14:35] {kschun} bbby rolling over
[14:36] {kschun} vad? bbby? probably not the stock to short in this environment
[14:36] {magoo} stopped out open
[14:36] {Threei} way too narrow for my taste, BBBY
[14:37] {nemo} fcx falling, can tck be far behind
[14:38] {dino} mcy stopped +.10
[14:39] {ScottM} SPY close to break
[14:39] {Threei} Dow is down 40 points
[14:40] {Threei} anyone living close to Wall Street, walk carefully today, lest you are hit by bodies falling out of the windiws
[14:40] {magoo} LVS short vad?
[14:40] {nemo} Prozac prescriptions...who makes it BUY BUY BUY
[14:40] {Threei} I doubt it mags
[14:41] {Threei} doesn't look right
[14:41] {magoo} how bout AIG?
[14:41] {davd} its lilly
[14:41] {Threei} too late AIG
[14:42] {ScottM} RIMM Vad?
[14:42] {dino} csc wants 47.17 gap
[14:42] {Threei} if bounces to about .30, yes
[14:42] {Threei} I'd try it there
[14:42] {ScottM} k
[14:42] {dino} teva to .49
[14:43] {dino} brb
[14:43] {nemo} did we take the blue pill or the red pill...this is silly, the market can't close down
[14:44] {nemo} figures...dino finds a long that works
[14:45] {Threei} LVS
[14:45] {Threei} starts looking better mags
[14:45] {Threei} for .80 break
[14:45] {davd} why lilly re prozac?
[14:45] {nemo} offers
[14:45] {nemo} dave is a blonde too
[14:46] {nemo} [14:41] {&Threei} anyone living close to Wall Street, walk carefully today, lest you are hit by bodies falling out of the windiws
[14:46] {nemo} [14:41] {magoo} LVS short vad?
[14:46] {nemo} [14:41] {nemo} Prozac prescriptions...who makes it BUY BUY BUY
[14:46] {davd} nope too much prozac
[14:47] {ScottM} shorted RiMM at .27
[14:47] {ScottM} tempted to try one of your mini stops Vad... .31?
[14:48] {davd} regardless of the color of my hair/ lack thereof... was Lilly a joke, cause i bought 250 shares
[14:48] {dino} s/p gap 1310 fri
[14:48] {Threei} hehe
[14:48] {Threei} why not
[14:48] {Threei} it's double fun
[14:49] {ScottM} :)
[14:49] {nemo} think maybe get's to the top of the gap
[14:49] {ScottM} 1:3
[14:50] {Threei} merely 1:2
[14:50] {magoo} out x here .53
[14:50] {magoo} ty vad
[14:50] {Threei} what are you, Al Capone's bookkeeper?
[14:50] {Threei} welcome mags
[14:51] {nemo} probably gap up to a new high before the open tomorrow
[14:51] {magoo} if IF futes keep falling..X lower
[14:51] {Threei} LVS is about to fall throuigh the floor
[14:52] {Threei} now it's 1:3, scott
[14:52] {ScottM} yes Vad... my mistake... Al would be ashamed of me.
[14:52] {Threei} not even speaking of his accountant
[14:54] {nemo} can you say, "baseball bat" Scott?
[14:55] {ScottM} ya... can't forget that scene
[14:56] {ScottM} out
[14:56] {Threei} market snapback
[14:57] {Threei} not much but enough to ruin patterns
[14:57] {magoo} buying dip has worked
[14:57] {ScottM} Mimi Me would be proud of my profit on that trade... quite "mini."
[14:57] {magoo} so dip buyers are there
[14:58] {nemo} we
[14:58] {nemo} we're still .30 from Monday's open sheesh
[15:00] {magoo} wonder if BIDU gonna go to high
[15:00] {dino} srx pop
[15:00] {magoo} thats what it should do
[15:00] {dino} too fast
[15:01] {dino} again
[15:01] {nemo} we probably get back to 132
[15:02] {kschun} JDSU maybe above .45
[15:02] {dino} close green for 7 in row?
[15:03] {magoo} today 8
[15:03] {dino} i sit corrected
[15:03] {nemo} don't know about that, but probably maket it at least to vwap which is descending from 132.10
[15:03] {dino} srx big pop again
[15:03] {magoo} posted it in mornioing
[15:03] {magoo} only 8 sessions 10 times in last 20 years
[15:09] {_yew1118} srx???
[15:10] {Threei} SRX Ticks higher following reports Board is evaluating various offers for the company
[15:13] {nemo} theres 132
[15:15] {nemo} wow open
[15:15] {nemo} tck
[15:15] {nemo} oops
[15:21] {larisa} finishing +50 ? :)
[15:22] {Threei} no way
[15:22] {Threei} I'll eat my keyboard
[15:22] {Threei} and yours
[15:22] {larisa} i need mine
[15:22] {Threei} sorry, but I'll have to eat it
[15:22] {larisa} you can eat nemos
[15:22] {nemo} get a touchscreen
[15:23] {larisa} hah
[15:23] {Threei} I can't, he rubs it with broccoli daily
[15:23] {nemo} OCZ break of .35?
[15:23] {Threei} nah
[15:24] {nemo} broccoli or the trade?
[15:24] {Threei} neither
[15:28] {nemo} spy to test the downward trend, I think at least .10 though
[15:29] {larisa} +50, telling you :)
[15:30] {dino} teva stop +.10
[15:31] {nemo} wow, cramming into that wedge spy
[15:33] {ScottM} Vad, do you find that the more obvious the pattern, the greater the chance of failure? (Thinking of recent H&S pattern in TCK)
[15:34] {nemo} Scott...you're assuming he thinks
[15:34] {Threei} lol
[15:34] {Threei} well, too perfect and too obvious ones do tend to fail,
[15:34] {Threei} but H&S is very unreliable one
[15:34] {magoo} lvs short vad?
[15:34] {Threei} I am not fond of it at all
[15:35] {ScottM} thks
[15:35] {Threei} don't have a read on it mags
[15:36] {magoo} how bout X?
[15:36] {Threei} 57 break could be
[15:36] {Threei} burt no big expectations
[15:36] {Threei} scalp at best
[15:44] {nemo} mmmmm vwap may come to spy
[15:46] {nemo} there's .10
[15:46] {Threei} larisa, you keyboard is safe I believe
[15:49] {larisa} :)
[15:52] {ScottM} Good night all.
[15:53] {dino} gn
[15:54] {Threei} thank you all
[15:54] {Threei} have a good evening, see you tomorrow
[15:54] {nemo} interesting, small caps not following
[15:55] {dino} dji green
[16:02] {dino} akam drop
[16:02] {nemo} wow, quite the SPY jump
[16:02] {nemo} wtf
[16:03] {nemo} tna running too
[16:03] {nemo} wtf
[16:03] {dino} ftw
[16:03] {dino} eqix spike
[16:04] {dino} wfmi spike
[16:15] {dino} magoo you hit akam?
[16:15] {dino} eqix gives all back and more
