Wednesday, February 23, 2011

Feb 23 2011

Beautiful day with 5 wins out of 6 calls, half of them are much more than scalps. One of them (not the biggest win even) made Catch of the Day.

After shorting SLW first thing in the morning we missed its reversal to the long side while being busy with another stock. Luckily it presented us with another opportunity. This setup is so "bread and butter," I'll just post a chart with arrows and no annotations to them - assign the trigger, stop and exit to those arrows and look into the structure of the play dictated by the chart.

Session Time: Wed Feb 23 00:00:00 2011

[08:45] {Threei}  good morning
[08:45] {strider} absolutely
[08:45] {nemo} that's yet to be determined
[08:46] {Threei}  blooming crocuses and rhododendrons, budding tulips and roses stared in the sky with amazement yesterday evening
[08:46] {nemo} yeah, I put a stethescope to the snow, our shrubbery still shivering under the ice
[08:46] {Threei}  freaky airstearms from north and south met, and resulted in snow that never reached the ground but looked impressively in the air
[08:57] {dino} gm all
[08:58] {Threei}  dino :)
[08:58] {dino} hpq gap 42.79 area
[09:03] {Threei}  larisa :)
[09:03] {larisa} gm :)
[09:05] {dino} :)
[09:05] {RonS} :O
[09:05] {Threei}  Ron :)
[09:06] {RonS} gm all
[09:08] {RonS} oclr news?
[09:08] {Threei}  I don't see any
[09:11] {jfjf64} mornin
[09:13] {Threei}  jf :)
[09:15] {_rambler} goodmorning all.....
[09:16] {Threei}  rambler :)
[09:16] {Threei}  got snow?
[09:16] {_rambler} not yet...but soon I think
[09:17] {Threei}  for now, let's laugh and point fingers at Oak bay that is buried under 3ft
[09:17] {Threei}  ok, 2 ft...
[09:17] {_rambler} break out the snowshoes....
[09:18] {Threei}  me, I go for champaign
[09:18] {Threei}  those tweed curtain people
[09:19] {Threei}  ese can't even get to his computer throug all the snowdrifts
[09:20] {dino} zero f here this morning
[09:21] {_rambler} where are you at Dino...?
[09:21] {dino} northeast pennsylvania
[09:22] {ScottM} morning :)
[09:23] {Threei}  scott :)
[09:23] {dino} a bit disappointed. i just heard that yesterday was margaritta day. totally missed it
[09:24] {strider} you can't drink margaritas in 0 degrees, dino.
[09:24] {jfjf64} hpq  got hit
[09:25] {strider} vrtx is one to watch
[09:25] {dino} hsft drop
[09:25] {jfjf64} on list
[09:25] {dino} ohh sure i can strider
[09:25] {strider} have to eat them.
[09:26] {dino} lol, whatever it takes, i enjoy my tequila
[09:26] {ScottM} just looking at ROVI... yesterday's close looks like it's right on intermediate term support on 6 month chart.  On two day chart with 5 min. bars you can see a nice descending triangle where stock closed almost at opening low.
[09:26] {ScottM} Kinda looks to me like it's teetering on edge of cliff... thoughts?
[09:27] {dino} not really. on my list but want to watch what it does
[09:28] {RonS} hsft noting $3.5 mil bad debt provision for customer about to go bankrupt
[09:29] {Threei}  daily looks like snapback is coming
[09:29] {Threei}  on ROVI
[09:29] {Threei}  a bit too thin for exact call
[09:30] {ScottM} thks
[09:30] {RonS} rovi reminds me of gemstar part deux
[09:31] {dino} reminds me of hot shots
[09:30] {ese} omg.....theres an inch of snow on the ground....what will victorians do!!!!!!
[09:30] {Threei}  lol
[09:30] {Threei}  told ya rambler
[09:30] {Threei} Short Setup: SLW  .60 break
[09:32] {Threei}  1:1
[09:32] {Threei}  as always, aggressive entry would have been a beauty
[09:33] {Threei}  1:3
[09:33] {Threei}  out
[09:33] {Threei}  I meant 1:4... no 5...
[09:33] {Threei}  oh nevermind, it's taxing my math abilities
[09:33] {strider} l unp .22
[09:34] {jfjf64} ty
[09:34] {Threei}  :)
[09:34] {ScottM} out on slw... thks Vad
[09:34] {Threei}  welcome
[09:35] {strider} 1/2 +.10
[09:37] {jfjf64} hpq
[09:37] {jfjf64} bounce
[09:37] {strider} out 1/4 +.18
[09:38] {dino} rcl sm l .65
[09:38] {jfjf64} hpq
[09:38] {jfjf64} .95
[09:39] {Threei} Short Setup: LVS  46 break
[09:39] {Threei}  if stays under .10
[09:39] {dino} stopped rcl -.30
[09:39] {Threei}  invalidated
[09:39] {strider} out unp last +.14
[09:41] {jfjf64} 1/1
[09:41] {jfjf64} hpq
[09:41] {Threei}  worked on the next trigger .10 faster than I could reconfigure it
[09:41] {Threei}  let's see if we can get double top on it
[09:42] {Threei}  bounce above 46, holding under .10 and losing 46 again for short trigger
[09:42] {dino} rcl rinsed
[09:42] {magoo} morning
[09:42] {dino} itri sm l .30
[09:42] {Threei}  hey mags
[09:42] {Threei}  SLW is becoming a short candidate again
[09:43] {jfjf64} slw
[09:43] {Threei} Short Setup: SLW  .75 break
[09:43] {Threei}  if holding under .85
[09:43] {Threei} Short Setup: LVS  46 break if stays under .10
[09:43] {patience} in suncor (su) (energy), gold and silver stocks letting them move because of options expiry today
[09:44] {Threei}  LVS over 1:1 but execution was questionable
[09:44] {nemo} yeah
[09:45] {Threei}  second chance
[09:45] {Threei}  SLW invalidated
[09:45] {nemo} right at pivot 3i
[09:46] {Threei}  which?
[09:46] {Threei}  SLW?
[09:46] {nemo} slw
[09:46] {nemo} .95
[09:46] {Threei}  good bot LVS
[09:46] {Threei}  half out
[09:46] {Threei}  1:2
[09:47] {Threei}  1:3
[09:47] {Threei}  out
[09:47] {Threei}  second chance entry was ideal, right inti trigger
[09:47] {Threei}  SLW is not very clear to me
[09:47] {strider} sh vrtx .97
[09:48] {strider} stop .07
[09:48] {Threei}  wow LVS, 1:4
[09:48] {strider} stop reverse
[09:49] {strider} 1/2 +.20
[09:49] {strider} stop .99
[09:50] {strider} stop bal .94 -.13
[09:52] {nemo} how the airlines looking?
[09:52] {Threei} Long Setup:  SLW  40 break
[09:53] {Threei}  stop for scalpers under .90, day traders .85
[09:54] {Threei}  this thing looks explosive to me... not a scalp if works
[09:55] {Threei}  target is about 40 cents
[09:55] {Threei}  hopefully no rinsing
[09:57] {Threei}  1:1 scalpers
[09:57] {Threei}  1:1 day traders
[09:57] {Threei}  against the market too
[09:57] {Threei}  iksplozive, telling you... iksplozive
[09:58] {_rambler} sploding....
[09:58] {jfjf64} go mama
[09:59] {Threei}  1:2
[10:00] {Threei}  1/4 left
[10:00] {Threei}  stop b/e, letting it breathe
[10:01] {RonS} dltr dino
[10:02] {Threei}  stop to .15
[10:03] {Threei}  final iksplozhion coming
[10:03] {jfjf64} lol
[10:03] {Threei}  .40 baby
[10:03] {Threei}  1:3
[10:04] {nemo} hah, blew by .40 wanted to add
[10:04] {Threei}  1:4
[10:04] {Threei}  out +.60
[10:04] {Threei}  can I go home?
[10:06] {_rambler} do it again, do it again...
[10:06] {dino}  wtg
[10:06] {Threei}  ty
[10:07] {_rambler} thanks Vad....awesome....
[10:07] {Threei}  welcome
[10:07] {magoo} nice vad
[10:07] {nemo} resistance right here
[10:07] {Threei}  btw, everyone looked yesterday's catch of the day?
[10:08] {jfjf64} yup
[10:08] {ese} haven't had a chance
[10:08] {Threei}  one of bread and butter setups, must be viewed as a refreshment
[10:08] {nemo} spy new low
[10:08] {ese} will get onto that right now
[10:08] {Threei}  SLW probes high meanwhile
[10:08] {Threei}  ignores market
[10:10] {Threei}  gravity took over
[10:12] {ese} can't find the catch of the day.....
[10:12] {jfjf64} x
[10:12] {Threei}
[10:13] {ese} tks
[10:13] {dino} s/p almost filled 2/4 gap at 1308
[10:17] {RonS} took x .54 to .88 thanks for the idea jf
[10:22] {jfjf64} yw
[10:22] {jfjf64} took  more  then  me
[10:29] {RonS} siro sm l .20
[10:32] {ese} any of you trade of the vix......have been paper trading off it today.......feels ok opinions
[10:32] {ese} off the vix
[10:33] {ese} as a leading indicator that is
[10:35] {_rambler} havn't traded the vix ese....when so inclined I trade TZA or EDZ
[10:36] {ese} not trade off it......use it as an indicator
[10:37] {_rambler} I'm not that smart....
[10:37] {ese} whats the snow situation in your neck of the woods up there in Cobble Hill
[10:37] {Threei}  ese, just be thankful you don't have to drive to Sooke this morning
[10:37] {RonS} used to watch it like a hawk...sometimes it leads, sometimes follows and sometime concurrent
[10:38] {_rambler} nothing so far....
[10:38] {RonS} and sometimes it rains
[10:38] {RonS} or snows
[10:38] {Threei}  Already, unofficial reports of 12 to 15 cm of snow have been received between Sooke and metchosin on highway 14 west of Victoria
[10:38] {ese} tks ron.....good to know
[10:38] {RonS} the horror...
[10:38] {Threei}  yeah, I woluldn't rely on VIX too much
[10:38] {Threei}  it's a weird thing
[10:39] {Threei}  "implied volatility"
[10:39] {strider} sh unp .15 stop .26
[10:39] {ese} woosies.....out there......they need to be in Winnipeg......6/7/8 10 feet of snow
[10:39] {dino} re: vix, i hate trading it
[10:39] {ese} tks dino
[10:41] {ese} was curious because ldk is trading off it like a hawk
[10:42] {nemo} that
[10:42] {nemo} that's an interesting analogy
[10:42] {strider} 1/2 +.10
[10:43] {strider} stop to .17
[10:44] {RonS} out siro -.15
[10:44] {ese} it's the poetic musician in me.
[10:45] {RonS} ese, in staistics they teach about correlation...
[10:45] {nemo} and to think, given your age, I thought it was plaque build-up in the brain
[10:45] {strider} stop to .00
[10:45] {dino} mad cow
[10:45] {dino} denny crane
[10:45] {RonS} if you did a time study going back 3-5 yrs i bet that you would have a correlation of ldk and the .vix at about 20% of the time
[10:45] {nemo} bovine encephalopathy
[10:46] {Threei}  nemo underestimates the dissolving powers of vodka... ese and I, we keep out brains plague-free
[10:46] {RonS} human love to see causality where there is none
[10:46] {nemo} ese doesn't drink THAT much
[10:46] {ese} although i'm a percussionist....with a degree in percussion performance......crash crash bang....crash crashf bang.....some people just don't see the poetry in that.......i don't get it
[10:46] {nemo} and to not see causality where there is
[10:46] {Threei}  patience refuses to drink it but we are determined to keep her healthy too, so we inject her dose
[10:47] {strider} stop bal +.12
[10:47] {ese} ya your probably right ron......just on of those bs luck corelation days with it
[10:47] {ese} one
[10:47] {strider} stop was too tight
[10:48] {strider} where's that horsehair shirt?
[10:48] {nemo} any thoughts chk
[10:48] {ese} L ldk .00
[10:48] {Threei}  I for one see direct causality between consumption of pickled cucumbers and death rate... none of those born in 19 century and eating them has survived
[10:49] {nemo} you haven't seen my birth certificate
[10:49] {ese} adding to yesterdays position
[10:49] {ese} lol
[10:49] {RonS} eggsxactly...and spooky
[10:49] {strider} was no certificate of live birth for nemo
[10:49] {ese} pickles and death rate
[10:51] {ese} your a funny one chief
[10:51] {RonS} weird chk nemo...i thought bhp had a price on it...
[10:52] {strider} l hes .51
[10:52] {nemo} why weird given oil prices
[10:52] {strider} may be a bit early
[10:52] {nemo} ?
[10:52] {RonS} i thought they were mostly gas...
[10:52] {strider} out 1/2 +.10
[10:53] {nemo} yes, but now that the strategic availability of oil is in question, and GAS has been incredibly cheap, it kinda' makes sense
[10:53] {ese} nice one st
[10:53] {ese} perfect hit
[10:53] {strider} 1/4 +.20
[10:54] {ese} nice
[10:54] {strider} thx
[10:54] {ese} gonna call you vad junior
[10:55] {Threei}  I have to pay attention to this kind of things ese... cucumbers, they are everywhere... and attack by wild broccoli can end your life very unexpectedly
06[10:55] * strider slaps ese around a bit with a large everything he can get his hands on.
[10:55] {ScottM} wild broccoli with cheese sauce can be especially deadly
[10:55] {Threei}  totally, cheese masquerade is very effective
[10:56] {ScottM} yes, they often travel incognito
[10:56] {ese} which brings to mind the Monty Python skit...."How to protect yourself when being attacked by passion fruit"
[10:56] {nemo} use the penguin on the tele
[10:57] {Threei}  brace yourself:
[10:57] {Threei}  (SR) Hearing independent Saudi press sources discussing the possibility of protests against the Saudi monarchy, scheduled for tomorrow
[10:57] {Threei}  - Protest is purported to be organized by an exile from Saudi Arabia, and were to take place in Riyadh and Jeddah, the country's two main cities.
[10:57] {Threei}  - Note: Initial vague and unsubstantiated reports had circulated about 90 mins ago.
[10:57] {strider} last 1/4 hes stop b/e. gonna seee if I can get ocver 83
[10:57] {ese} am watching st's thing of beauty ......HES.....perfect
[10:58] {ese} gj
[10:58] {dino} gj strider
[10:59] {strider} t'anks
[11:01] {strider} ahhh should have had an offer in over 83
[11:01] {strider} .03
[11:03] {strider} cancel
[11:04] {strider} out .12
[11:04] {strider} +.61 last 1/4
[11:05] {_rambler} beauty strider....
[11:05] {nemo} rimm short Vad?
[11:05] {Threei}  not sure
[11:08] {ese} if the Saudi royal family were smart they would just state that the people have a right to assembly and just leave it at that.......rise up above what's been going on......if there smart that is
[11:10] {ese} I am of the opion that the middle east has some of the most uneducated goofballs on the planet hanging around there right now
[11:10] {ese} opinion
[11:10] {_rambler} agree.....
[11:11] {nemo} look at chk now
[11:11] {strider} HES right back ot hod......wasn't patient enough
[11:15] {_rambler} ese, just finished "The Kingdom" by Robert Lacey...."Arabia and the House of Saud"...excellent read...
[11:15] {nemo} send it to me
[11:15] {dino} dumb them down, remain in control
[11:16] {_rambler} you bet...
[11:16] {nemo} ty
[11:17] {RonS} in history, revolution comes from the disaffected intelligensia
[11:17] {RonS} the people are their pawns
[11:17] {strider} or in nemo's case, the disinfected ones.
[11:18] {RonS} ...the Chinese Communist revolution was the classic template
[11:18] {nemo} well the best organized opposition that can assemble military force
[11:19] {RonS} "Political power comes from the barrel of a gun."  Mao
[11:20] {_rambler} Ron, you mean the "higher purpose people" aka.."the ones who Know"?
[11:20] {_rambler} the non risk takers with the indexed pensions....
[11:24] {_rambler} HES going again...
[11:24] {ese} yup
[11:27] {Threei}  (LB) Libya ports have sent more than three sets of oil cargo over the past day - financial press
[11:27] {Threei}  - Reminder: Reports circulated recently that the ports in Libya were all closed
[11:28] {Threei}  I mean revolution is all cute and nice but man gotta eat
[11:29] {RonS} Khudaffy have bacon canons?
[11:29] {Threei}  OK{ wait you just a minute... weren't we told over and over that no debt restructuring is needed in EU?
[11:29] {Threei}  (EU) EU's Damanaki calls for reforms in the EU to include a debt restructuring
[11:29] {ese} thats the one they did the movie on wasn't it rammbler
[11:29] {Threei}  could it be that we were lied to?
[11:29] {Threei}  no, it just can't be...
[11:30] {jfjf64} lol
[11:30] {Threei}  my world is coming down crashing
[11:30] {Threei}  walls collapse
[11:30] {_rambler} I don't know.....I havn't seen it....
[11:32] {Threei}  (US) $35B 4-week bills draw 0.12%; BTC 4.15
[11:33] {_rambler} SIRO tanking...what a short...make money all day....
[11:35] {ese} only dino can make money in that environment.......that thing is very thin
[11:36] {RonS} siro looks like it wants ye olde gap fill
[11:37] {Threei} Short Setup: LVS  .15 break
[11:38] {dino} s/p gap fill
[11:38] {dino} ndx -4% since friday
[11:39] {Threei}  1;1
[11:45] {Threei}  1:2
[11:47] {nemo} rimm setting up range here?
[11:48] {strider} looks good to  ,me. nemo
[11:48] {strider} l .20
[11:49] {strider} stop .15
[11:50] {strider} out
[11:51] {strider} nemo, ya dummy
[11:52] {nemo} [11:50] {nemo} I was actually thinking short with .30 as stop...but...
[11:52] {nemo} ready...FIRE!!!...aim
[11:52] {strider} looked like it was heading back toward top of range to me.
[11:53] {dino} fosl sm l .51 ave
[11:57] {Threei}  Voters Still Think Bush To Blame for Bad Economy
[11:57] {Threei}  meaning, IQ of average voter is not really rising, surprising as it is
[11:58] {Threei}  47% Say GOP Has Plan for Future, 41% Say Same of Democrats
[11:58] {Threei}  that's 88% of dummies...
[11:58] {Threei}  if my math is right
[11:58] {RonS} meaning, headline writer is liberal democrat covering for Obama
[11:58] {ese} lol
[11:59] {Threei}  then this headline is writen by another writer:
[11:59] {Threei}  Favorability Ratings Up for Boehner, Down for Pelosi, Reid, McConnell
[11:59] {dino} next gap levels ndx 2281, s/p 1286
[12:00] {dino} well, you'd hope up for boner, opps boehner
[12:00] {RonS} oil uftes charging to break 99
[12:00] {RonS} futes
[12:03] {dino} fosl stopped -.32
[12:05] {RonS} oil ticked 99.08, now 98.88
[12:07] {Threei}  Violent protests flared up again in Greece today
[12:07] {Threei}  huh? we just were told things are back to normal
[12:08] {strider} l hal .83
[12:08] {Threei}  I am telling you...
[12:11] {RonS} oil now 99.46
[12:13] {_rambler} target on LVS Vad...?
[12:13] {nemo} just let it go
[12:13] {Threei}  just cover
[12:14] {Threei}  I lost count of r/r long ago
[12:14] {jfjf64} thats a good  thing   no
[12:15] {Threei}  what, sad state of my math abilties?
[12:15] {RonS} oil 99.73
[12:15] {Threei}  I guess...
[12:15] {nemo} you never set a stop, have no denominator
[12:15] {Threei}  spelling... math... lord, how many things can one be bad at?
[12:15] {_rambler} the possibilities are endless....
[12:16] {Threei}  lol
[12:16] {Threei}  I said 1:1 at 10 cents profit... one could extrapolate that to a stop level and idea of r/r...
[12:16] {Threei}  but noooo... gotta kick me in the shin for saving some typing
[12:17] {Threei}  (bad typing at that)
[12:17] {strider} stop hal -.08
[12:17] {nemo} rather kick you in the cajones
[12:17] {Threei}  LVS is 1:10
[12:17] {jfjf64} lol
[12:17] {Threei}  thewre
[12:17] {Threei}  happy now?
[12:17] {jfjf64} ouch!!!!!!!!!!!!!
[12:17] {nemo} Bernanke must be thrilled
[12:18] {Threei}  dollar drop, and I am getting criticized
[12:18] {Threei}  sniff sniff
[12:18] {Threei}  meanies
[12:18] {jfjf64} ahh good  work
[12:18] {strider} sh fcx  .02
[12:19] {jfjf64} 2hrs in  all that  is  left  to  decide is  what   chart  will mk   chart  of  day
[12:20] {strider} out 1/2 +.1
[12:20] {strider} .11
[12:20] {strider} 1/4 +.22
[12:22] {Threei}  I already decided jf
[12:22] {strider} stop last 1/4 b/e
[12:23] {_rambler} what a monster.....thanks Vad...
[12:23] {Threei}  :)
[12:23] {RonS} siro sm l .40
[12:24] {strider} stop last -}02
[12:24] {jfjf64} grr was  watchin  slw   .35 break   short
[12:24] {jfjf64} got away
[12:24] {Threei}  things are dicey here
[12:25] {dino} rcl sm l .75
[12:25] {jfjf64} x  gettin  hit
[12:28] {_rambler} snowing in Cobble Hill...1" so far....
[12:28] {Threei}  same here
[12:29] {Threei}  but the real joy is, Oak Bay has 4 inches
[12:29] {Threei}  we pedestrians love to stick it to tweed curtain people
06[12:29] * Threei slants at patience and ese
[12:30] {patience} yes, but when it snows here, everybody understands why you don`t drive in it and you get paid to stay home   :)
[12:30] {RonS} oil 99.90
[12:31] {strider} HAL may be short soon
[12:32] {nemo} in this market uptick rimm isn't really going anywhere
[12:32] {Threei}  China, Russia and Cuba withhold strong condemnation of Gadhafi
[12:33] {Threei}  surprise surprise
[12:33] {RonS} who asked?
[12:34] {RonS} bet the Italians did too...
[12:34] {RonS} oil drop 99.50
[12:36] {nemo} serious volume spike rimm
[12:36] {dino} out rcl .15, +.40
[12:37] {RonS} gj
[12:37] {dino} ty
[12:37] {jfjf64} rimm
[12:37] {jfjf64}  breakdown
[12:38] {jfjf64} ?
[12:38] {jfjf64} .30
[12:38] {Threei}  can't tell
[12:38] {Threei}  look at SPY
[12:38] {Threei}  no way to tell what it does from here
[12:39] {Threei}  bounce is not looking particularly energetic,
[12:39] {Threei}  continuation of downward move is not clear in the chart
[12:39] {Threei}  it's sit back and do nothing moment for me
[12:40] {jfjf64} eat bacon
[12:40] {Threei}  done with morning portion
[12:40] {RonS} blow snow at ese and patience
[12:40] {Threei}  too early for lunch portion
[12:41] {Threei}  and dinner one is somewhere is remote perspective, not even speaking of supper one
[12:41] {Threei}  I also have to write an angry rebuttal to my doctor who had the audacity to question wisdom of eating bacon 4 times a day
[12:42] {jfjf64} lol
[12:42] {Threei}  although I may have to drop by and smack him good in person, because of the end of his letter where he actually suggested adding broccoli to my diet
[12:43] {jfjf64} .29  short
[12:43] {jfjf64} rimm
[12:43] {Threei}  (the nerve on him)
[12:43] {jfjf64} will gv  try
[12:43] {Threei}  good luck, I'll refrain
[12:44] {nemo} rrc
[12:45] {strider} rimm looking long here to me
[12:45] {strider} but I don't know nuffin
[12:46] {Threei}  {Nuffin} and I though I was famous... :(
[12:47] {RonS} hear they call nemo stud nuffin...
[12:48] {dino} lol
[12:48] {nemo} wow...don't know what to do with that
[12:49] {strider} which is the reason for the name
[12:49] {RonS} lol
[12:51] {Threei}  lol
[12:53] {RonS} "The economy is in a much stronger position to handle” rising oil prices, Tim Geithner said today during a Bloomberg Breakfast in Washington. “Central banks have a lot of experience in managing these things."
[12:54] {RonS} pass that joint Timmy...
[12:54] {strider} rimm
[12:54] {Threei}  nice short jf
[12:54] {nemo} waste of good herb
[12:55] {jfjf64} ty
[12:55] {Threei}  isn't it amazing,
[12:55] {Threei}  to him it comes down to how banks manage it
[12:55] {Threei}  not to how people on the street take the rising gas prices, or how it impacts the rest of the prices
[12:56] {jfjf64} out in  full
[12:56] {Threei}  unfrckinbelievable ivory tower these guys live in
[12:56] {strider} short hal .95 1/2 lot
[12:57] {jfjf64} looks long  to  me
[12:57] {strider} me too now
[12:57] {jfjf64} lol
[12:57] {jfjf64} may be  wk  4  ya
[12:57] {dino} fosl sm l .35
[12:57] {jfjf64} worked  for  me
[12:57] {jfjf64} lol
[12:57] {jfjf64} we  all  nuts
[12:58] {dino} dgit wants gap at .50
[12:58] {RonS} oil re-testing highs 99.88
[12:58] {dino} ctrp sm l .51
[12:58] {jfjf64} boy  rovi  fell off cliff
[12:59] {strider} stop .12 hal
[13:02] {dino} dgit sm l .80
[13:02] {jfjf64} comon print .93
[13:02] {Threei}  (US) Fed's Hoenig: Over the long run the GSEs need to be privatized; ratings agencies do not deserve special privileges
[13:02] {Threei}  - Q&A- Extended period language in the FOMC statement invites speculation.
[13:02] {Threei}  - Reiterates that rates need to rise from zero now that the crisis is essentially over.
[13:03] {Threei}  OK, read this below and tell me, how hypocritical it is:
[13:03] {Threei}  (LB) White House affirms continuing to work with the UN on Libya situation, may discuss sanctions
[13:03] {Threei}  - Notes may freeze some assets of Gaddafi and Libya, but have yet to decide
[13:04] {RonS} the O continues to welcome and promote instability in the region...
[13:04] {RonS} this guy is dangerous
[13:04] {jfjf64} oprah
[13:04] {Threei}  they'll freeze his assests the day after he is ousted
[13:04] {jfjf64} oh  sorry
[13:05] {Threei}  google boyz are seriously after MSFT blood
[13:05] {Threei}  Google Inc To upgrade Google Docs tools allowing users to move Microsoft office files to the web - US Financial Press
[13:05] {jfjf64} WAR
[13:10] {RonS} quote of the day:  the house of saud is giving away $37 bil to placate its citizens...
[13:10] {RonS} ben bernanke giving them advice?
[13:10] {Threei}  lol
[13:12] {strider} out 1/2 hal +.08
[13:14] {strider} out bal hal +.19
[13:14] {strider} gotta run....back before close
[13:14] {dino} fosl stopped again
[13:15] {RonS} ...sounds like it is getting old...
[13:15] {dino} yes
[13:15] {RonS} joke...fossil...
[13:16] {nemo} don't quit your day job
[13:16] {Threei}  HEY!
[13:16] {Threei}  I liked it!
[13:16] {Threei}  wait... you may not be delighted by that, ron...
[13:16] {nemo} what...relating to fossil?
[13:17] {RonS} ooof...3i and my only fans...
[13:17] {Threei}  got a cat?
[13:17] {RonS} no, wife allergic
[13:17] {Threei}  anh
[13:17] {Threei}  those usually like me...
[13:18] {Threei}  patience's one just wouldn't leave my side a few days ago
[13:18] {Threei}  SU
[13:18] {Threei}  bounced into resistance
[13:18] {Threei}  could be a short here
[13:19] {Threei}  Apr Crude Oil contract hits $100/bbl
[13:20] {_rambler} good thing I just raised my stop on SU....!!
[13:20] {_rambler} It has been good to me.....
[13:21] {nemo} oil up su might be a short, oy vay
[13:21] {RonS} sounds like a dino play...
[13:23] {RonS} oil just dropped a buck...$ 9 minutes
[13:24] {Threei} Short Setup: SU  .95 if stays under .05
[13:24] {patience} POT getting interesting...needs a bit of panic in it though, swing trade
[13:26] {nemo} McLellan Oscillator just hit oversold
[13:27] {Threei}  (LB) Gaddafi's sons may look to step into advisory roles for a new regime, sons are working to develop a new constitution - FT
[13:27] {Threei}  1:1
[13:27] {Threei}  5 for 5
[13:27] {Threei}  LET ME GO HOME!
[13:28] {patience} 3 trading days left in the month, friday is irish election, will watch POT for entry hopefully under 30 rsi on the daily
[13:31] {Threei}  I feel obliged to post full text
[13:31] {Threei}  (LB) Gaddafi may step into advisory role for a new regime, govt working to develop a new constitution - FT citing Qaddafi's son Al-Saadi
[13:31] {Threei}  - Son pledges that Gaddafi will protect oil facilities with military forces.
[13:31] {Threei}  ***Note that Gaddafi's sons include Muhammad al-Gaddafi, Saif al-Islam Muammar Al-Gaddafi, Saadi Gaddafi, Mutassim Gaddafi, Saif Al Arab, Khamis and Ayesha al-Gaddafi. He also has a daughter named Hanna.
[13:32] {RonS} what about the goatkids?
[13:33] {RonS} :D
[13:33] {_rambler} you still in SU Vad....?
[13:34] {Threei}  nah, scalpingh
[13:34] {RonS} btw got su .96 to .78...txs 3i
[13:34] {Threei}  :)
[13:34] {Threei}  with 5 for 5, with 3 trades being good for big moves, and lunch time, I put a restraint on my appetite
[13:36] {_rambler} Vad, was "5 fo 5" your "I'm out" post?
[13:36] {Threei}  meaning, 5 wins out of 5 calls
[13:37] {Threei}  wow
[13:38] {Threei}  just wow
[13:38] {_rambler} Roger, missed the "OUT"...b\e for me...
[13:38] {Threei}  I will post this, but pleasse, make sure you sit down when read it
[13:38] {Threei}  (EU) ECB's Trichet: There must be a set of indicators that help nations detect imbalances, a new surveillance framework is urgently needed
[13:38] {Threei}  - Public sector wages are a signal for private sector, public sector wages need to be set with the entire economy in mind.
[13:38] {Threei}  - Financial sanctions need to be applied earlier.
[13:38] {_rambler} been long SU all week....
[13:39] {Threei}  can you believe you read this with your own eyes?
[13:39] {Threei}  - Public sector wages are a signal for private sector???
[13:39] {RonS} gee, he thinks he just invented economics...
[13:39] {_rambler} Unfortunately, yes......
[13:40] {Threei}  on the other hand, some first signs of sanity penetrating europian skulls:
[13:40] {Threei}  (EU) German Chancellor Merkel: The root of the crisis in the eurozone is a debt problem, not speculators
[13:40] {patience} G (goldcorp) holding well
[13:40] {Threei}  no really? Not all problems are created by speculators?
[13:40] {kschun} be aware, merkel is chaning her mind quite often... :-)
[13:41] {Threei}  I thought they, speculators, beat broccoli as a root of all evil
[13:41] {Threei}  next sentence of her is out og Hotel California:
[13:41] {Threei}  - Notes that it would be impossible in practice for a country to leave the Eurozone
[13:42] {Threei}  and for damn oil speculators:
[13:42] {Threei}  (SR) Saudi Arabia is willing to increase production without a formal OPEC decision, could pump extra crude on request from oil companies - US financial press
[13:42] {dino} "sweet" as in crude
[13:44] {Threei}  Apr Crude Oil falls below $99/brl following FT report Gaddafi may transition into an advisory role
[13:44] {dino} cramer out sell pretty much everything
[13:45] {davd} yes re cramer, except he says ok to buy large integ oils and gold
[13:46] {davd} time to buy - contra cramer call?
[13:46] {_rambler} can't see the grass in my backyard for snow....
[13:47] {RonS} dino called the G boys so oil would drop and his rcl go up...
[13:48] {dino} i have the power
[13:49] {RonS} ...wonder if Kenny G is related?...
[13:51] {RonS} siro to .72 after missing my stop by 1 cent
[13:59] {nemo} so all's well in Libya, guess the pullback is over
[14:00] {dino} imo, libya not the real issue, spreading further to other countries is
[14:00] {nemo} I was being facetious
[14:00] {nemo} Bahrain and Saudi
[14:01] {dino} yes
[14:01] {nemo} serious oil and the 5th Fleet
[14:01] {dino} bahrain, is out fleets base in gulf
[14:01] {nemo} you mean our fleece?
[14:03] {davd} i think you are being too rational.  market up a little because of charts post egypt ie recouped losses two days later
[14:03] {ese} cya school is open so i'm off to work here.  L some more ldk at .49
[14:03] {Threei}  really ese?
[14:04] {Threei}  my wife got a call not to bother
[14:04] {davd} 30yr treas lod re tltl
[14:04] {davd} tlt
[14:05] {nemo} spy at vwap
[14:07] {Threei} Long Setup:  RIMM  .40 break
[14:07] {Threei}  let's do galf lot
[14:07] {Threei}  half
[14:07] {dino} cboe
[14:08] {Threei}  Fed's Plosser: Removing fiscal stimulus is unlikely to have a large impact on the economy - Q&A
[14:08] {nemo} wow
[14:08] {Threei}  which must mean it wasn't really necessary, right?
[14:08] {_rambler} correct....
[14:08] {nemo} interesting spy vwap and 50% retracement both .14
[14:09] {Threei}  CBOE Holdings, Inc Notes that it is open to strategic discussions within the exchange segment, including a sale or merger
[14:09] {Threei}  - financial press citing sources- Reminder: Many various analysts have speculated in recent weeks about the potential for NDAQ or other exchanges to attempt to rival the Deutsche Boerse/NYX deal
[14:09] {davd} rimm not valid?
[14:09] {Threei}  under .30, no
[14:09] {Threei}  or maybe recalibrate
[14:10] {Threei}  not sure, let's observe a bit more
[14:21] {nemo} spy at vwap and 50% retrace
[14:22] {kschun} internals negativ, but momentum in internals showing switch to long side
[14:23] {nemo} yeah, green close?
[14:24] {nemo} made up half the days loss in 1 hour
[14:26] {kschun} had tree net positiv weeks (net swing and daytrading account). but yesterdays burnout will possibly at least keep me negative in daytrading account for this weak...
[14:26] {kschun} week
[14:27] {kschun} ebay short?
[14:27] {Threei}  not really clear
[14:28] {Threei}  50/50
[14:28] {RonS} oil at vwap 98.00
[14:31] {RonS} out siro .99   +.59
[14:32] {dino} gj
[14:32] {RonS} ty
[14:34] {davd} what libya?
[14:34] {nemo} today
[14:38] {RonS} look chk gotta be more than oil
[14:39] {nemo} whaddya' mean?
[14:39] {RonS} oil down $2 and the thing has not budged
[14:39] {nemo} gas here is security
[14:40] {kschun} good observation regarding chk
[14:40] {nemo} all the questions about middle east supply at the forefront again
[14:41] {RonS} don't look...fosl
[14:41] {dino} chk mostly natty gas
[14:42] {nemo} yep, and what do we have a huge supply of, and what commodity has mostly taken it in the shorts
[14:45] {RonS} unemployed?
[14:45] {kschun} CHK went below 34
[14:45] {RonS} gulf oil?
[14:46] {dino} we should be converting over to it, create jobs, taxes, lower trade deficit, energy self sufficient
[14:46] {RonS} real estate?
[14:46] {RonS} global warming advocates?
[14:47] {nemo} long will it take to drive to Colorado?
[14:47] {RonS} hehehe
[14:47] {nemo} VAD!!! time to punish ron, he's acting like me!!!
[14:48] {Threei}  hmmm
[14:48] {Threei}  how is it punishable offense?
[14:48] {Threei}  no one punishes you for acting like you
[14:48] {kschun} LOL
[14:57] {strider} .
[14:57] {nemo} I thik mos gets to 81
[15:03] {Threei}  second time today I must say: just wow
[15:03] {Threei}  (US) White House: rising inflation in emerging markets, particularly China, is a concern
[15:03] {Threei}  haven't you, white house, exported inflation in there???
[15:04] {Threei}  omniknowing IMF chimes in:
[15:04] {Threei}  IMF comments on world economy; CNY remains undervalued, emering markets could overheat on growth, China property market currently risking a strong correction
[15:04] {Threei}  - A weakening of the USD may lead to balanced growth, the Euro and Yen currencies are valued in line with medium term fundamentals
[15:05] {Threei}  today is just a silly season for comments it seems
[15:05] {nemo} cmon' only .50 to green
[15:05] {Threei}  everyone who has mouth opens it
[15:07] {RonS} hey thanks nemo...took mos .29 to .68   :)
[15:07] {nemo} ye
[15:08] {nemo} yw
[15:08] {Threei}  nice
[15:08] {dino} out dgit .89, +1.09
[15:09] {RonS} almost feel bad about being a wiseacre...:D
[15:09] {nemo} keyword:  "almost"
[15:10] {dino} it's who you are
[15:10] {nemo} go talk to the dead people dino
[15:10] {_rambler} are you still CTRP Dino...?
[15:11] {dino} you guys are tough on me today :O
[15:11] {dino} rambler, yes
[15:22] {RonS} Fugitive Democrats From Wisconsin, Indiana Gather in Illinois
[15:23] {kschun} oh boy... VLO. I really have to learn keep my last 1/3 or 1/4 a little bid longer...
[15:23] {nemo} .30 more cents
[15:24] {dino} ccl goes green, watch rcl
[15:25] {dino} rig drop
[15:25] {RonS} reports ah
[15:26] {RonS} lvs trying to go green
[15:28] {RonS} some are saying rig missed but i see nothing
[15:28] {strider}  Transocean reports Q4 EPS 68c vs. consensus 92c :theflyon
[15:32] {Threei}  IMO, we will still close red
[15:33] {nemo} o.k. bacon breath
[15:33] {Threei}  RIG Reports Q4 $0.83 (adj for customer dispute) v $0.89e
[15:34] {kschun} remember guys, VAD HAS 90%-hit-ratio-OPS
[15:35] {kschun} so just don't try to go against him
[15:35] {kschun} only when he ate bacon for breakfast LOL
[15:35] {kschun} ah ,not bacon, brocoli...
[15:40] {Threei} Long Setup:  LVS  .35 break
[15:41] {Threei}  stop under .25, target 1:2
[15:46] {Threei}  no go
[15:50] {kschun} MMR
[15:50] {kschun} just a little bit late...
[15:57] {Threei}  Ok guys, thank you all
[15:57] {Threei}  have a good evening, see you tomorrow
[15:57] {kschun} you too, thanks all!
[15:58] {dino} out ctrp -.15
[15:58] {_rambler} thanks all.....
[15:58] {ScottM} night all
[15:58] {larisa} bye!
[16:00] {dino} gn all, thx