Friday, February 25, 2011

Feb 25 2011

Nice end to the week with 4 wins out of 5 calls. No interesting charts though.

Session Time: Fri Feb 25 00:00:00 2011
[08:15] {Threei}  (US) Fed's Lacker: Oil prices will not derail the recovery; economic recovery is entering the next stage, when inflation often picks up - CNBC
[08:15] {Threei}  - Reiterates that inflation expectations remain well anchored.
[08:15] {Threei}  - Input price pressures are squeezing margins, resulting higher prices are a risk. - Reiterates that we have seen the bottom for core inflation, will rise higher.
[08:15] {Threei}  - Growth outlook further tilts the case against more QE.
[08:30] {Threei}  (US) Q4 PRELIMINARY GDP Q/Q ANNUALIZED: 2.8% V 3.3%E; PERSONAL CONSUMPTION: 4.1% V 4.2%E
[08:30] {Threei}  (US) Q4 PRELIMINARY CORE PCE Q/Q: 0.5% V 0.4%E; GDP PRICE INDEX: 0.4% V 0.3%E
[08:53] {jfjf64} mornin
[08:54] {Threei}  jf :)
[09:03] {Threei}  American International Group, Inc Corrects Q4 attributable operating loss to -$15.99 from -$16.20 - filing**Note: The company's earnings press release was reissued to reflect the revised computation of after-tax operating income (loss) per share.
[09:09] {dino} gm all
[09:09] {Threei}  dino :)
[09:09] {ese} what a fantastic way to start your day....was listening to John "Jabo" Starks playing his groove from James Browns "Super Bad"
[09:10] {ese} morning by the way
[09:10] {Threei}  my day hasn't started yet - bacon time is in an hour and half
[09:10] {ese} gm dino
[09:10] {dino} gm
[09:10] {ese} 1st helping?
[09:10] {_cabogordon} hello
[09:10] {Threei}  yeah...
[09:10] {RonS} gm everyone...congrats ese ldk
[09:10] {Threei}  cabo :)
[09:10] {ese} cabo
[09:10] {Threei}  ron :)
[09:11] {dino} sam adams hitting me hard this morning
[09:11] {ese} it's not Jabo but close enough
[09:11] {Threei}  hit him back
[09:11] {ese} ron
[09:11] {ese} ya....it's going to be another rasy day at the office
[09:11] {RonS} ese...saw a Funk Brothers documentary movie recently...some great performances in it
[09:12] {ese} "Standing in the Shadows of Motown"?
[09:12] {strider} I saw that a month or two ago, also, Ron.
[09:12] {RonS} they were the studio guys for Motown...ya that's it
[09:13] {RonS} i thought it interesting that they were all more interested in jazz and wanted to be like Miles Davis
[09:13] {ese} I had a talk about those guys with Martha Reeves when we were doing out Documentary with her...."Motown High"
[09:13] {ese} our
[09:14] {RonS} and that there were several white guys....
[09:14] {ese} Jimmy Babit Bass was awesome
[09:15] {ese} electric bass
[09:16] {ese} filled in for James Jamerson.....to my mind one of the greatest funk bass players ever
[09:16] {ese} cause the stuff he did was incredibily complex.......but he did it with one finger
[09:17] {RonS} ...learned to play as a poor Alabama boy tieing a rubber band to a wodd fence post
[09:17] {RonS} wood
[09:17] {ese} most guys use 2/3 or four fingers with there right hand to do what he did with one
[09:17] {ese} ya......amazing
[09:21] {ese} http://www.sd61.bc.ca/vichigh/band/marthareeves.htm  .............my high school bands documentary with Martha Reeves
[09:21] {strider} watching NFG at open.
[09:21] {strider} com: National Fuel named a Trading Sell at Pritchard
[09:21] {strider} Pritchard doubts National Fuel will be able to find a suitable JV partner for its Marcellus acreage. Price target lowered to $64 from $73. :theflyonthewall.com
[09:23] {strider} MDAS, NTRI
[09:23] {RonS} nice ese
[09:24] {larisa} gm :)
[09:24] {RonS} ntri 7.8 mil sh short
[09:24] {Threei}  larisa :)
[09:25] {RonS} will they cover?
[09:26] {Threei}  CBS pulls the plug on Two and Half Men
[09:27] {strider} Don't know why.  They still had two men left..
[09:27] {Threei}  lol
[09:27] {RonS} ya, Charley ripped the producer on a radio show
[09:27] {_cabogordon} cannot view page , have huge google ad blocking
[09:28] {rambler} goodmorning all...
[09:28] {Threei}  rambler :)
[09:28] {Threei}  cabo?
[09:28] {dino} cbs cx'd this season or entire show?
[09:28] {Threei}  sorry, don't understand
[09:28] {RonS} ...plus Berta should count for another two...
[09:29] {RonS} ...right now for season dino
[09:29] {Threei}  but squabbles between Charlie and show creator look like that's it for the show
[09:31] {dino} bummer, funny show
[09:33] {Threei} Short Setup: SLW  .25 break
[09:33] {Threei}  if stays under .35
[09:34] {Threei}  recalibration, .40 break
[09:34] {Threei}  if stays under .50
[09:35] {Threei} Short Setup: NTRI  .40 break
[09:35] {Threei}  half lot
[09:35] {Threei}  SLW 1:1
[09:35] {Threei}  1:2
[09:36] {Threei}  NTRI 1:1
[09:37] {Threei}  SLW 1:3, out
[09:38] {Threei}  NTRI 1:2
[09:38] {Threei}  out
[09:38] {Threei}  can I go home?
[09:38] {RonS} hearing ldk upgraded w/ 24 target ese
[09:38] {jfjf64} 8 mins   go  home ?
[09:39] {dino} gj
[09:39] {RonS} he's a sprinter ya know
[09:39] {jfjf64} at least 15
[09:39] {dino} mdas sm l .00
[09:42] {jfjf64} gg .50 break
[09:43] {jfjf64} half  here
[09:43] {Threei}  wow SLW
[09:43] {Threei}  that's some bounce
[09:43] {Threei}  again, can't help but notice how it started moving against the market
[09:44] {ese} was trying to find that ron.........where did ya get that info
[09:45] {RonS} off another board...that is why "hearing"
[09:45] {Threei}  LDK Kaufman Initiates LDK with Buy, price target: $24
[09:45] {ese} tks
[09:46] {ese} every little bit helps
[09:46] {jfjf64} 1/4 more   gg
[09:47] {jfjf64} stop.55
[09:47] {jfjf64} .50
[09:49] {jfjf64} done
[09:49] {ese} L lvs .41
[09:49] {ese} sorry .31
[09:50] {ese} out lvs .54 +.23
[09:50] {jfjf64} niceeeeeeeeee
[09:50] {ese} tks
[09:50] {rambler} G1....
[09:53] {jfjf64} 3i  not  joking   went  home
[09:53] {Threei}  lol
[09:53] {jfjf64} lol
[09:53] {Threei}  SLW
[09:54] {Threei}  let's see if we get double top
[09:54] {Threei} Short Setup: SLW  .65 break
[09:54] {Threei}  if stays under .75
[09:55] {Threei}  (US) FEB FINAL UNIVERSITY OF MICHIGAN CONFIDENCE: 77.5 V 75.4E
[09:55] {jfjf64} .62
[09:55] {Threei}  1:1
[09:56] {jfjf64} ty
[09:56] {Threei}  home!
[09:56] {jfjf64} lol
[10:00] {Threei}  Jordan King pledges to implement political reforms quickly
[10:00] {Threei}  wiki wiki
06[10:00] * Threei adds some hawaiian to his threeiish
[10:02] {Threei}  same setup
[10:02] {Threei}  SLW
[10:02] {Threei}  .65 break short
[10:03] {Threei}  stop above .70 for insane scalpers, .75 for normal people
[10:03] {Threei}  whatever your normal is
[10:04] {Threei}  (EU) IMF's Borges: Confident in the euro, long-term inflation expectations remain low, supports ECB's current monetary policy
[10:04] {Threei}  - The eurozone needs more integration, more freedom of capital flows.
[10:04] {Threei}  - Warns that too many eurozone nations had unsustainable growth.
[10:04] {Threei}  - Second-round inflation effects are possible if headline inflation rises further.
[10:04] {Threei}  no really?
[10:04] {Threei}  eurozone needs more integration?
[10:04] {Threei}  I am pretty sure it's the other way around
[10:05] {Threei}  insane ones have 1:1
[10:06] {Threei}  and they didn't have "unsustainable growth" - they had pretended growth fueled by unsustainable borrowing with no means of repaying
[10:06] {Threei}  normal traders have 1:1
[10:06] {Threei}  whatever their normal is
[10:08] {Threei}  that's 4 for 4
[10:08] {Threei}  jf, are you going to torture me until I finally run into stop?
[10:08] {jfjf64} lol
[10:09] {Threei}  House Republican Majority leader Cantor: Shutdown of the Govt is not an option deemed acceptable
[10:09] {jfjf64} you  sd tk a  BACON break
[10:09] {jfjf64} refuel
[10:09] {jfjf64} good  job
[10:09] {Threei}  well, that depends... some goverments do deserve to be shut down... just as a few gulf nations
[10:09] {Threei}  ask
[10:12] {dino} nak sm l .00
[10:12] {strider} hal
[10:15] {ese} dino you gonna do anything with ntri
[10:15] {strider} +.14 hal scalp
[10:16] {Threei}  {HAL} wee need to talk, strider... http://upload.wikimedia.org/wikipedia/en/1/1f/Hal-9000.jpg
[10:16] {strider} I don't talk to pieces of metal
[10:17] {strider} usually
[10:17] {ese} lol
[10:17] {dino} watching it es
[10:17] {ese} ya me too
[10:20] {ese} L nak "ers" .80
[10:20] {jfjf64} cat  d/top
[10:22] {dino} fosl sm l ave .15
[10:22] {dino} out fosl .45, +.30
[10:23] {ese} nice
[10:24] {dino} ty
[10:24] {dino} re-load .15
[10:25] {ese} nice once again
[10:25] {ese} that one took some precision
[10:26] {dino} greed got me, still in
[10:26] {ese} wouldn't have time to think there
[10:26] {jfjf64} .51  s  cat
[10:28] {ese} out nak 78 -.02
[10:29] {dino} fosl stopped -.20
[10:29] {strider} fcx weak
[10:30] {dino} nak stopped -.31
[10:31] {strider} l fcx .42
[10:32] {strider} stop .36
[10:32] {dino} ntri sm l .00
[10:34] {strider} bak in .36
[10:35] {strider} out +.02
[10:36] {strider} in .39 :)
[10:38] {dino} fosl rinsed
[10:38] {dino} nak rinsed
[10:38] {dino} sheesh, feels like a shower
[10:38] {strider} out +.05
[10:38] {jfjf64} +21 cents cat
[10:38] {strider} that's too much work
[10:40] {davd} gj fcx strider
[10:41] {strider} oh yeah...that was wonderful
[10:42] {dino} gj
[10:42] {Threei}  (LB) Multiple thousands of protesters have now started to move towards central Tripoli
[10:42] {Threei}  - Note: Gaddafi supporters had set up checkpoints and had been reported to have been firing into the air earlier today to disperse other protesters
[10:42] {rambler} CTRP ww.....
[10:43] {dino} dgit sm l ave .98, thin
[10:43] {ese} L ldk .68
[10:44] {dino} nak sm l .70
[10:44] {dino} gaddafi needs a spider hole
[10:44] {ese} lol
[10:45] {dino} they will lynch him if they catch him, not that he hasn't earned that type of treatment
[10:46] {dino} we should send over a sniper or two to get the job done
[10:46] {ese} whats happening to him now
[10:46] {Threei}  of course they will - those hallucinogen pills mixed by CIA in their coffee, you know
[10:46] {dino} thats some funny stuff he makes up
[10:47] {dino} think he's been smoking a bit too much crack
[10:47] {jfjf64} check  his  coffee
[10:47] {Threei}  it's ukraininan nurse, dino... they'll make you crazy
[10:47] {dino} nak stop is .49, thing is not acting well
[10:48] {RonS} nak crazy canuckian kerfufel
[10:53] {dino} bless you
[10:53] {Threei}  rofl
[10:53] {dino} quarter triggers not working so well today
[10:54] {dino} its like king midas as i was told, everything he touched turned to gold. now get moving mdas
[10:56] {strider} sh fcx .68
[10:59] {dino} nak stopped
[11:04] {strider} out .53 +.15
[11:04] {strider} thank god for small favors
[11:04] {rambler} tough morning...
[11:05] {Threei}  huh?
[11:05] {strider} I hate uptrending days
[11:05] {Threei}  4:4 here
[11:05] {strider} you win
[11:05] {Threei}  what do you guys want, really?
[11:05] {jfjf64} blood
[11:05] {jfjf64} lol
[11:05] {rambler} it's my picks
[11:05] {Threei}  vampires
06[11:06] * Threei wears garlic garland
06[11:06] * Threei puts a wooden stake in his pocket
[11:06] {strider} I thought you were just happy to be here.
06[11:07] * Threei walks on the sunny side of the street
[11:07] {rambler} nothing on now....busy reading a nutty book about reading tapes....?
[11:07] {Threei}  me? reading?
[11:07] {Threei}  you assume I can read...
[11:07] {Threei}  flattering of course
[11:08] {rambler} a lot of kooks out there.....
[11:08] {rambler} crazy ideas....
[11:08] {strider} HAL big retrace
[11:09] {strider} to vwap
[11:11] {strider} in hal .31
[11:11] {Threei}  {HAL, softly} what are you doing, Dave...
[11:12] {strider} hit me .41
[11:12] {strider} out
[11:12] {strider} Hal, if you want to talk you have to come to me...
[11:12] {RonS} creepin me out 3i...
[11:13] {Threei}  I hated the end of that movie btw
[11:14] {Threei}  like slapped onto it, too artificail
[11:14] {RonS} ya, not real like the rest of it
[11:15] {dino} .07 all green
[11:15] {rambler} lol...
[11:15] {Threei}  sigh
[11:15] {Threei}  meanies
[11:15] {RonS} i didn't understand that movie then, and still don't
[11:15] {dino} sensitive today?
[11:16] {Threei}  can you blame me... surounded by vampires
[11:16] {RonS} liked the monkey scene though
[11:16] {strider} all this green really irritates me
[11:16] {Threei}  SLW changed its ways, moves with market now
[11:16] {RonS} warmed me up for the planet of the apes series
[11:16] {Threei}  weirdo
[11:16] {RonS} :D
[11:17] {strider} thank you
[11:18] {RonS} ...where joel gray got typecast
[11:19] {RonS} gee, i miss nemo
[11:19] {RonS} end up talking to my self
06[11:19] * Threei slaps nemo around a bit with a large cardboard cutout of Ron
[11:19] {dino} thats why i have a dog
[11:19] {dino} actually two now
[11:22] {strider} HES gone negative...
[11:24] {Threei}  maybe HE'S just not feeling well today
[11:25] {strider} what has happened to vad?
[11:25] {Threei}  friday
[11:25] {Threei}  happy hour
[11:27] {Threei}  hey, I just noticed... rambler lost his underscore
[11:27] {Threei}  welcome aboard
06[11:27] * strider slaps Threei around a bit with a large bottle of really high-grade swamp water
[11:28] {rambler} I graduated...
[11:28] {Threei}  hmm... strider, you really have very strange ideas of happy hour...
[11:28] {strider} I'm an Appalachian-American
[11:28] {Threei}  no wonder HAL9000 wants to have a word with you
[11:29] {strider} HES still falling
[11:29] {rambler} now I guess I've GOT to read your books.......
[11:29] {strider} or not
[11:29] {Threei}  btw, tomorrow our crazy province elects new crazy premier as previous crazy premier resigned... want to try your chance, strider?
[11:30] {Threei}  keep in mind, being our premier gives you right to drive drunk in Hwaii
[11:30] {patience} G good to me today, half out now
[11:30] {Threei}  I duno rambler... I still havent'
[11:31] {Threei}  American International Group, Inc Schedules marketing for upcoming "re-IPO" in May after Q1 earnings\
[11:31] {Threei}  re-IPO...
[11:32] {RonS} break out the lipstick...
[11:32] {strider} watching for db  on HES
[11:34] {Threei}  {AIG} oink oink
[11:35] {Threei}  Marijuana Merchandise Mega Store Opens in Sacramento
[11:36] {Threei}  oh good
[11:36] {Threei}  Libya needs competition
[11:36] {RonS} jerry brown the owner?
[11:37] {RonS} governor moonbeam
[11:42] {Threei}  Most Voters Favor End To U.S. Foreign Aid To Middle East, Except Israel
[11:46] {strider} X is negative
[11:46] {strider} and so am I
[11:46] {strider} not for the day, just psychologically
[11:47] {Threei}  welcome to the club
[11:47] {strider} I thought you were Mr. Happy
[11:47] {Threei}  no, I am grumpy and caustic
[11:47] {Threei}  I generally consider people with sunny disposition idiots
[11:47] {strider} need more swamp water
[11:48] {Threei}  prety girls are exception
[11:48] {strider} Then I'm a friggin genius
[11:48] {Threei}  that adfition was made before larisa could bite my head off
[11:49] {rambler} you must "Strenghten the mind as well as the system"...grasshopper....
[11:49] {strider} strictly ceremonial, I am sure.
[11:58] {dino} .
[12:02] {Threei}  (LB) Gaddafi appears in person, addressing supporters in central Tripoli, tells audience to be prepared to defend the country and its oil resources
[12:02] {Threei}  - Reiterates that he has no personal authority, but is only the "leader of the revolution"
[12:02] {Threei}  - Pledges to distribute arms to the people.
[12:02] {Threei}  one of us is in parallel universe
[12:02] {Threei}  either he of the rest of the planet population
[12:02] {Threei}  of = or
[12:03] {ese} wow
[12:03] {dino} he's so out of it he is arming his overthrowers
[12:03] {ese} distribute arms to the people.........
[12:03] {Threei}  so, everyone got cocoa in the storage?
[12:03] {Threei}  UN Sec General: Ivory Coast is moving closer to civil war
[12:03] {Threei}  ***Note that over the last several days there have been violent clashes between two political rivals following the dispute in the election months ago. On Feb 14th, Ivory Coast Leader Quattara pledged to extend indefinitely the one-month ban on cocoa exports if rival Gbadbo does not leave power by Feb 23rd
[12:04] {Threei}  'cause you know, until Quattara and Gbadbo duke it out and resolve their childhood issues, cocoa might be in tight supply
[12:05] {Threei}  on a sidenote, anyone heard any of those names before just now?
[12:05] {RonS} add a y to the end of Gbadbo and he could come to US and be a rap star
[12:05] {Threei}  lol
[12:06] {Threei}  wait... I have one more entity that is on the same planet as Ghadafi
[12:06] {Threei}  read the second line:
[12:06] {Threei}  (US) Fed's Lacker: Oil prices could slow the economic recovery, but so far looks like they won't end the recovery
[12:06] {Threei}  - QE2 has not done very much to support the recovery.
[12:06] {Threei}  - Recent economic strength may be enough to consider modifying QE2.
[12:07] {Threei}  so, why do you ***kers waste untold billions and fuel inflation?
[12:08] {Threei}  and to finish the line of stastement bordering with insane, how big of a loophole can the word "current" be?
[12:08] {Threei}  (US) US Transportation Sec LaHood: No current plans to raise gasoline tax
[12:08] {RonS} turrets just kick in?
[12:09] {Threei}  I have no current plans to eat bacon
[12:09] {RonS} and its trillions...
[12:10] {RonS} LaHood reminds me...how 'bout that dude that changed his name to Will I. Am
[12:11] {RonS} classic...like the NBA guy in the '70's...World B. Free
[12:11] {strider} sh fcx .50
[12:11] {Threei}  Tree B.Huggd
[12:13] {Threei} Short Setup: X  .90 break
[12:15] {Threei}  invalidated
[12:15] {RonS} better than a no worky...
[12:16] {Threei}  but worse than two-sided setup
[12:17] {davd} strider fyi copper at day high re jjc
[12:20] {strider} fcx hasn
[12:20] {strider} t been followin it
[12:22] {strider} stop -.03
[12:22] {strider} broke channel
[12:29] {ese} who did he play for anyway.....World be Free
[12:30] {RonS} i think the golden state warriors...
[12:31] {kschun} good call on fcx strider
[12:31] {strider} really?
[12:32] {kschun} yeap, .above .50 was a nice entry, after distrib. in volume spike
[12:33] {kschun} I just would like something to say
[12:34] {kschun} I decided to publish here on forum all my trading ideas and trades
[12:34] {kschun} so feel free to give commentary
[12:34] {Threei}  this is great idea
[12:34] {kschun} reason for this: I noticed my biggest problem in trading is self-controll and avoiding over-trading patterns
[12:34] {strider} no, that's fine.   I was just short fcx, and stopped -03 when it broke the channel it was in....
[12:34] {Threei}  benefits are many
[12:35] {Threei}  first, and obvious is a f6eedback
[12:35] {Threei}  second, just as obvious - added accountability, as you feel being watched
[12:35] {Threei}  third, and major one:
[12:35] {kschun} exactly vad
[12:36] {Threei}  feeling that you put your trades out there for everyone to see makes you less trigger-happy, more thoughtful,
[12:36] {Threei}  responsible
[12:36] {kschun} I noticed regarding my journals that I am almost always positive on a weekly when I don't beginn to fall into old habits
[12:36] {Threei}  fourth, underappreciated but very important one: it allows me to speak less
[12:36] {Threei}  and nap more
[12:37] {RonS} ...and fulfills your masochistic desires
[12:37] {kschun} when I fall into negative behavior patterns I can ruin in 5 minutes a weekly result
[12:37] {kschun} and I really want to stop this.
[12:37] {Threei}  this is very common and very familiar pattern kschun
[12:38] {Threei}  so much so that I felt the need to write specific article on this
[12:38] {Threei}  be a doll and read it:
[12:38] {kschun} it is funny, I can trade well for 2-3 weeks. and then one day, trading-burnout and frustration.
[12:38] {Threei}  http://blog.realitytrader.com/2007/09/costly-hiccups-do-you-have-any.html
[12:38] {kschun} thanks  vad!
[12:38] {Threei}  before you do,
[12:38] {Threei}  look at this piece from the article and tell me it wasn't written about you:
[12:39] {Threei}  One of the most frequent questions I get: "OK, I seem to have mastered a lot, I can extract money from the markets and I have stretch of winning days BUT... one day comes where I seem to be unable to follow my own rules, I start doing everything against what I learned, dig deeper and deeper hole... and when the day is over I find myself giving back all I made in a week before that!
[12:39] {Threei}  I feel groggy... then I remember everything I learned, pick myself up, glue pieces together, start trading carefully, start making money... only to have another blow-off just like the previous one in a week or two! What's going on, why can't I control myself and how do I avoid these frustrating days??"
[12:39] {Threei}  ain't it word for word what you just said?
[12:41] {davd} so whats the answer!
[12:41] {Threei}  {Threei} http://blog.realitytrader.com/2007/09/costly-hiccups-do-you-have-any.html
[12:42] {Threei}  and http://www.realitytrader.com/taoisttrader.html
[12:42] {Threei}  why do you think I write all those things
[12:42] {Threei}  out of being lazy
[12:42] {davd} good one.
[12:42] {Threei}  so I could just post links or at most quote myself by copy/paste
[12:42] {davd} loved t
[12:43] {Threei}  laziness is an engine of the progress
[12:43] {dino} good article vad
[12:43] {Threei}  man invents ekscavator because he doesn't want to dig with shovel
[12:44] {Threei}  and ten he invents a spell-checker so he doesn't type "ekscavator"
[12:44] {kschun} great, great stuff man! thanks
[12:44] {Threei}  welcome...
[12:44] {kschun} really just like I feel sometimes!
[12:44] {Threei}  think of it this way
[12:45] {Threei}  to weed out your psychological problems you need to understand where they stem from,
[12:45] {Threei}  and since we don't have doctor Freud here to tell us it's all our mother's fault
[12:45] {Threei}  you need to undestand how you work,
[12:45] {Threei}  how other people work,
[12:46] {Threei}  and how to distant yourself from tyour own inner workings
[12:46] {Threei}  thus, taoism
[12:50] {Threei}  why have you all fell silent as if I am expected to say anything else
[12:50] {Threei}  I start drifitng slowly toward second helping of bacon
[12:50] {RonS} because i am dogging nak for a breakout
[12:51] {kschun} we are all speakless in front of the KING
[12:51] {kschun} :-)
[12:51] {Threei}  larry?
[12:51] {Threei}  I thought he retired
[12:51] {RonS} "come to jesus"
[12:51] {Threei}  nah
[12:51] {Threei}  I have this strong suspicion he wouldn't approve of bacon
[12:52] {dino} nak, rinsed me twice, gl w/it ron
[12:52] {Threei}  18 break does look tempting, I have to admit
[12:55] {kschun} FCX looks good to me in terms of tape-reading. all pushes higher on extending volume, and down-pushes on descending volume.
[12:55] {kschun} vad?
[12:55] {Threei}  I don't see any setup on it
[12:56] {kschun} yeap, not setup. just example for stock that is o.k. in terms of tape-reading
[12:56] {kschun} isn't it?
[12:56] {Threei}  it's simply not enough
[12:56] {kschun} :-) - right
[12:56] {Threei}  tape reading is more than that
[12:57] {Threei}  it all comes together at culmination point
[12:57] {Threei}  that includes many elements
[12:57] {Threei}  and volume pattern with price direction is merely one of those
[12:57] {Threei}  but this is where my knowledge ends - you'll have to wait for rambler to read TTR to tell you the rest
[12:58] {rambler} ya right.....
[12:58] {kschun} TTR - RED IT. great stuff, just don't like the guy who wrote it. he always complains about brocoli LOL
[12:59] {Threei}  yeah, he is a whiner
[12:59] {kschun} EXH - 22.15 break?
[13:00] {Threei}  and I don't know how he even can judge broccoli, he ate one a few decades ago
[13:00] {Threei}  what kind of movement do you go for?
[13:00] {Threei}  3 cents? 5? 20?
[13:00] {Threei}  because whole daily range for EXH is 20 cents
[13:00] {kschun} stop on 22, target 22.3
[13:01] {kschun} entry .15
[13:01] {Threei}  look at it from the common sense point of view:
[13:01] {Threei}  most active part of the day is behind us,
[13:01] {Threei}  and so far it has 20 cents range.
[13:01] {Threei}  What are the odds that it makes 15 from here?
[13:02] {RonS} depends on if dino is playing it...:)
[13:02] {kschun} yeah right, vola probably really to low
[13:02] {Threei}  well, we can try and get ese to buy half mil shares
[13:03] {Threei}  that would probably move this thing 6 cents
[13:03] {kschun} why - are dino and ese the BIG SHARE guys?
[13:03] {RonS} dino is a magician and ese plays pretty big sometimes...
[13:04] {Threei}  I like the chart on EXH, I just hate the range
[13:04] {Threei}  too narrow
[13:04] {kschun} o.k.
[13:06] {kschun} OEH - lagging. may trying bounce , stop .78. comments?
[13:07] {Threei}  you got any live ones?? :)
[13:07] {kschun} LOL
[13:08] {Threei}  whats with necrophilia
[13:08] {kschun} thought something like that would come..
[13:08] {dino} actg
[13:09] {dino} sm s .82
[13:09] {dino} bstop .02
[13:13] {kschun} NIHD 42.6 break?
[13:14] {dino} deck sm l .00
[13:14] {RonS} Deckers Outdoor Corporation (DECK) rated Overweight with price target $120 by Barclays Capital
[13:14] {Threei}  probaby, NIHD
[13:17] {kschun} ah, missed OVTI on 30 break. would have been aggressive entry, for a break after of .10
[13:17] {kschun} ese or dino moved OEH :-)
[13:18] {Threei}  6 cents
[13:18] {Threei}  haleluja
[13:18] {kschun} ROVI .60 ?
[13:18] {kschun} like you said :-)
[13:19] {Threei}  if holding above .90...
[13:22] {davd} vix at low of day - not that i care
[13:23] {kschun} VIX, VXN AND VXX really down. one sign of preffering long plays
[13:23] {kschun} internals o.k.
[13:23] {kschun} too
[13:23] {kschun} momentum internals o.k. too
[13:24] {kschun} BRCM  at 42
[13:25] {kschun} long BRCM AT42
[13:25] {kschun} target .15
[13:27] {rambler} Vad, which broker do you use....?
[13:29] {dino} out deck .31, +.31
[13:30] {Threei}  http://www.realitytrader.com/laser.html
[13:30] {kschun} @dino: you were short DECK  - right?
[13:30] {rambler} thanks...
[13:32] {dino} long deck, short actg
[13:32] {dino} l=long
[13:33] {RonS} 3i, if and when nak breaks out what would be your targets...1/2, 1/4, 1/4?
[13:34] {kschun} ROVI again approaching 56 - vad?
[13:35] {Threei}  I wouldn't expect it to move more than 50 cents in the best case scenario, Ron,
[13:35] {RonS} k
[13:35] {Threei}  and so far, support is .85
[13:35] {strider} cat
[13:35] {Threei}  so I would break it down as .15, .30, .45
[13:36] {Threei}  and it's alittle bit on optimistic side, frankly
[13:36] {RonS} thanks
[13:36] {kschun} BRCM out half
[13:36] {Threei}  ROVI, yes
[13:42] {strider} sh cat .83
[13:44] {dino} actg stopped -.20
[13:44] {strider} stop .92
[13:45] {kschun} NIHD approaching .60 again
[13:46] {strider} damn
[13:46] {strider} I don't know nuthin today
[13:46] {kschun} out 2nd half brcm
[13:47] {strider} bought the high
[13:47] {rambler} that was a close one Strider...
[13:47] {dino} deck sm l .72
[13:48] {kschun} bout ROVI before on .98
[13:49] {kschun} want to post all I do!
[13:49] {RonS} yeap
[13:49] {dino} deck stopped -.25
[13:49] {dino}  hmmm
[13:49] {kschun} however not feeling well in this trade. hate spread about mroe then 0.01
[13:51] {kschun} spread is like additional risk, additional commission...
[13:54] {kschun} may check out NE. lagging.
[13:54] {kschun} another push lower, making new low on 5 min and then trade long this bounce maybe making sence
[13:55] {kschun} o.k. guys, OUT rovi FULL.
[13:56] {Threei}  good
[13:56] {kschun} have to go. we still have visit today eve.
[13:56] {Threei}  nice clean setup, structure is place
[13:56] {Threei}  disciplined execution
[13:56] {kschun} thanks very much, will continue all I do and all I am watching next weak
[13:56] {Threei}  that's how mature traders operate
[13:56] {kschun} thanks to all, especially vad.
06[13:56] * Threei slaps kschun around a bit with a first degree of maturity
[13:57] {kschun} LOL
[13:57] {rambler} cya ks
[13:57] {kschun} really looking forward to post all my stuff next week.
[13:57] {kschun} cya
[13:57] {kschun} enjoy vads book on tape reading
[13:57] {kschun} by all
[13:57] {kschun} great weekend!
[13:57] {rambler} I'm trying....
[13:58] {rambler} it's like tough steak.....
[13:59] {dino} cya ks
[13:59] {rambler} need a nice bottle of shiraz....
[13:59] {dino} lol, i was thinking yeugling
[14:00] {dino} deck sm l .50
[14:09] {Threei}  NAK's stuck
[14:09] {Threei}  lest I be considered a poet
[14:11] {RonS} nak's offers are not moving...usually sellers get nervous and start hitting bids
[14:25] {dino}  out deck .91, +.41
[14:25] {rambler} nice...
[14:27] {dino} lucky spike
[14:28] {RonS} the name's of your dogs?
[14:28] {rambler} looked like it had legs there for a minute...
[14:28] {Threei}  lol
[14:29] {dino} lol
[14:32] {strider} lvs vad?
[14:32] {Threei}  don't see anything there...
[14:33] {strider} OK..I'm really blind today
[14:34] {patience} back into G
[14:36] {dino} hate to see deck ojn bad report
[14:39] {Threei}  no kidding
[14:39] {dino} deck sm l .10
[14:47] {dino} out deck .50, +.40
[14:47] {dino} too soon
[14:47] {RonS} ugg wampom
[14:51] {dino} dumb dumb, should've trailed
[14:51] {RonS} tzoo...late
[14:53] {dino} autc spike
[14:55] {Threei} Short Setup: IMAX  .50 break
[14:56] {strider} you scared it, vad
[14:58] {Threei}  I know... children run away screaming too... :(
[14:58] {Threei}  ROVI moves more
[14:58] {strider} stopped dead in its tracks
[14:59] {rambler} POIAK breaking out with vol...
[15:00] {rambler} ROIAK
[15:11] {RonS} rig rockin
[15:17] {RonS} X acting heavy...
[15:18] {Threei}  and IMAX is still threatening to break
[15:22] {strider} stop?
[15:22] {Threei}  .60 or .65
[15:22] {Threei}  both are valid
[15:33] {dino} deck sm l .86
[15:46] {dino} out deck .25, +.39
[15:47] {strider} out
[15:52] {dino} calling it a week, thx all, good times
[15:53] {Threei}  yeah
[15:53] {Threei}  thank you all
[15:53] {Threei}  have a good weekend, see you all on Monday
[15:53] {rambler} cya dino...
[15:53] {dino} :D
[15:53] {strider} see ya
[15:54] {rambler} have a good weekend all............