Saturday, March 5, 2011

Mar 04 2011

Session Time: Fri Mar 04 00:00:00 2011
[08:27] {nemo} so, if the jobs report is good, new highs on the spy and iwm?
[08:36] {Threei}  US) FEB UNEMPLOYMENT RATE: 8.9% V 9.1%E (lowest since April 2009)- Feb civilian labor force Participation Rate 64.2% v 64.2% m/m
[08:36] {Threei}  (*(US) FEB CHANGE IN NONFARM PAYROLLS: 192K V 196KE; CHANGE IN PRIVATE PAYROLLS: 222K V 200KE- Change in Manufacturing Payrolls: +33K v 25Ke - Birth-Death Adjustment: +112K v -339K prior - Prior Change in Nonfarm Payrolls revised higher from +36K to +63K - Prior Change in Private Payrolls revised higher from +50K to +68K - Prior Change in Manufacturing Payrolls: revised higher from +49K to +53K
[08:37] {nemo} mmmhhhh...first arguably "good news" on which th e market has sold in a long time
[08:37] {Threei}  *(US) FEB AVG HOURLY EARNING M/M: 0.0% V 0.2%E; AVG WEEKLY HOURS: 34.2 V 34.3E
[08:38] {Threei}  seems so
[08:38] {nemo} if spy bounces at .10 and holds that'll be vwap
[09:03] {dino} gm all
[09:04] {RonS} gmorning everyone
[09:04] {Threei}  dino, ron :)
[09:07] {rambler} goodmorning
[09:07] {Threei}  rambler :)
[09:07] {dino} some value added analyst info, newcrest raises slw price target to 45
[09:07] {dino} sheesh, its at 44+
[09:09] {rambler} got the video series yesterday Vad, thank U much...
[09:09] {Threei}  wow, I thought it would be there faster
[09:10] {Threei}  distance is what, 1 h drive?
[09:10] {Threei}  goverment finds longer ways to do things, eh
[09:10] {rambler} could have arrived earlier....
[09:10] {rambler} wife usually gets the mail...
[09:11] {dino} cramer giddy again, three days ago, sell it all
[09:11] {Threei}  heh
[09:12] {larisa} gm :)
[09:13] {Threei}  larisa :)
[09:13] {larisa} vad :)
[09:22] {rambler} RIMM reiterated as sell at Goldman....
[09:22] {magoo} morning
[09:23] {Threei}  mags :)
[09:24] {RonS} gs bumped aapl target to 450 on new ipad
[09:24] {Threei}  I never understood the need in old ipad...
[09:25] {RonS} son-in-law bought one from the is pretty cool
[09:26] {RonS} he works everywhere, it is like a wristwatch to him
[09:27] {RonS} for me, freedom includes freedom from devices
[09:27] {Threei}  hehe
[09:27] {Threei}  I just don't see any advantages vs laptop,
[09:27] {Threei}  and I see plenty other way around
[09:28] {strider} 1)startup time, 2) battery life
[09:29] {strider} 3)better mobility
[09:29] {_cleto} gm
[09:30] {Threei}  cleto :)
[09:31] {rambler} GG popping
[09:32] {rambler} L:VS tanks
[09:32] {nemo} did the market open?
[09:32] {Threei}  yes
[09:32] {Threei}  yours?
[09:33] {nemo} I guess
[09:33] {nemo} jokin
[09:33] {Threei}  :)
[09:33] {_cleto} slw   downgraded
[09:37] {dino} .07 all red
[09:38] {nemo} .15 s[u [ovpt
[09:38] {nemo} spy pivot
[09:38] {Threei} Short Setup: SLW  .50 break
[09:38] {Threei}  if stays under .60
[09:39] {Threei}  .65 for day traders'
[09:39] {patience} nice pop up at the open on goldcorp
[09:40] {_cleto} sorry vad, but " if it stays under 60", that implies also the stop?
[09:41] {Threei}  yes, above .60 for scalpers, .65 fior day traders
[09:42] {Threei}  no go
[09:45] {dino} usmo sm l .00
[09:45] {_iamspartacus} slw short now?
[09:45] {_iamspartacus} invalid?
[09:46] {Threei}  first one was stopped
[09:46] {Threei}  why short now, there is no setup
[09:46] {Threei}  it's uptrending
[09:46] {_iamspartacus} ok, sorry, just misunderstood the previous coments
[09:47] {_cleto} Vad, the fact that it went over the stops, does this nullify SLW as   a short if it were to break .50 say in the next 2 minutes?
[09:47] {nemo} jdsu
[09:47] {Threei}  pretty much, yes... "invalidated" in our terminology
[09:47] {_cleto} thx
[09:48] {RonS} hdy sm l .64
[09:52] {RonS} out hdy .76 +.12
[09:58] {_cleto} vvus   dead cat bounce after news
[10:01] {dino} itri sm l .02
[10:05] {dino} usmo to b/e
[10:05] {Threei} Long Setup:  RIMM  .25 break
[10:05] {Threei}  if stays above .15
[10:05] {nemo} slw STB
[10:06] {dino} shs dt nemo?
[10:06] {magoo} SLW sheesh
[10:06] {Threei}  invalidated
[10:07] {nemo} looks like it dino, but I wouldn't do anything until it decides 40  imo
[10:07] {dino} thx
[10:07] {davd} stop dino itri?
[10:07] {dino} .69
[10:08] {dino} nptn blood
[10:08] {dino} bsqr
[10:08] {dino} mrvl
[10:11] {Threei} Long Setup:  RIMM  .10 break
[10:11] {Threei}  if stays above 67
[10:14] {RonS} oil to 104 and backing off a little
[10:15] {dino} watching meli for gap fill
[10:17] {dino} sprd oulling back
[10:18] {dino} pulling
[10:19] {Threei}  next setup
[10:20] {Threei} Long Setup:  RIMM  .05 break
[10:20] {Threei}  if stays above .95 for scalpers
[10:20] {Threei}  .90 day traders
[10:21] {Threei}  if holding here while market drills, should be a good one on market bounce
[10:21] {nemo} ?
[10:21] {Threei}  ?
[10:22] {nemo} drills
[10:22] {strider} !!
[10:22] {RonS} oil to 104.03
[10:22] {Threei}  let's modify it to semi-aggressive
[10:23] {Threei}  67 break long trigger
[10:23] {Threei}  if holding .90
[10:23] {_cleto} please what is  best  symbol to follow oil?
[10:23] {dino} trucks and suv's will be getting cheap again
[10:23] {Threei}  USO is the easiest cleto
[10:24] {_cleto} ok thx
[10:24] {dino} usmo to .31
[10:24] {_cleto} out of VVUS
[10:24] {davd} i'm going to give you some advice _cleto  if you have to ask what the best way to follow oil is - stay out until you know better
[10:25] {RonS} agreed
[10:25] {_cleto} thx but not trading it ..
[10:25] {dino} to .33 mkt drop
[10:25] {davd} watch uso for wti and dbo for brent
[10:25] {RonS} oil futures is the only real way to view it...if ese was here he could give link
[10:27] {Threei}  (CH) China Central Bank (PBoC) Gov Hu Xiaolian: Volatility in reserve currency exchange rates are creating economic disruptions- Need to diversify reserve currency system; IMF's SDR has a role to play a role in reserve assets to reflect reality of global economy
[10:27] {Threei}  - Notes that reserve currency supplies will impact commodities in a large way.
[10:27] {Threei}  - Major reserve currency countries must maintain policy dicipline.
[10:27] {Threei}  **Reminder:: On Feb 3rd French Fin Min Lagarde commented that the world needed a monetary system form to include China; Inclusion of CNY in SDR to be discussed at G20 meetings
[10:27] {RonS} oil backe off again now 103.63
[10:27] {RonS} rimm invalidated?
[10:27] {Threei}  yes, third time
[10:28] {dino} they are talking their books, don't like our exported inflation
[10:28] {Threei}  yes, and IMF fires back:
[10:28] {Threei}  (CH) IMF reiterates view that appreciation of CNY currency will help rebalance the global economy; USD to remain the dominate reserve currency in the global economy
[10:33] {dino} wtf, major slip out usmo ave .27, +.27
[10:44] {Threei}  what a weird opening
[10:44] {Threei} Short Setup: LVS  .85
[10:44] {Threei}  stop above .95
[10:45] {Threei}  target's about .60
[10:46] {Threei} Short Setup: X  56 break
[10:46] {Threei}  if stays under .10
[10:46] {Threei}  invalidated
[10:46] {Threei}  LVS stopped
[10:47] {Threei}  (GR) Greece PM Papandreou calls for the EU to create more calm in the markets; actions thus far have not done so
[10:47] {RonS} lol
[10:49] {dino} meli sm l .00, stop .69
[10:49] {dino} itri stopped -.31
[10:52] {Threei} Long Setup:  X  .15 break
[10:52] {Threei}  stop under 56
[10:53] {Threei}  target is about 1:2
[10:54] {magoo} .40 area vad imo
[10:54] {_iamspartacus} .40
[10:55] {Threei}  1:2 is around .45, so yes
[10:55] {Threei}  give or take 5 cents
[10:56] {Threei}  better give than take of course
[10:56] {ese} ahhhhhhh ...oooooouuuuuu basically how my voice sounds......pretty much every virus on the planet inhabits my body right now
[10:56] {Threei}  hey ese
[10:56] {ese} thought i would pop in before hitting the sack again
[10:56] {Threei}  so, you feel ready to try traditional russian methods?
[10:56] {ese} definitely
[10:56] {Threei}  warning: not for faint hearts
[10:57] {ese} lol
[10:57] {Threei}  involves black pepper and paprika diluted in vodka
[10:57] {ese} really
[10:57] {ese} inject with a hypodermic
[10:58] {dino} get well es
[10:58] {ese} anybody filthy stinking rich yet by the way?
[10:58] {Threei}  but worry not, everything loooks much better after you eat jalapeno, to have some food with your healing drink
[10:58] {larisa} if it is virus, it is useless. if it cold, it will help
[10:59] {ese} sounds like part of this cure is sitting on the can for bit...........yes
[10:59] {larisa} but threei uses vodka to treat anyhing :)
[10:59] {Threei}  but larisa
[10:59] {ese} have no idea what it is laris.....
[11:00] {Threei}  it helps with virus too - it renders you unconscious while your bdy fights it, so you just wake up to find yourself healthy
[11:00] {ese} lol
[11:00] {larisa} if you wake up
[11:00] {strider} nothing more fun than being unconscious
06[11:00] * Threei hits X in the rear
[11:01] {RonS} oh boy...true reaissance man...he's a doctor too
[11:01] {Threei}  yes, and if not - what do you care whether you healed or not?? :)
[11:01] {RonS} renaissance
[11:01] {Threei}  lol ron
[11:01] {ese} modern science needccs to hear about this........replace the anesthetic
[11:02] {Threei}  first half is ready for sale on X
[11:04] {ese} now that i think about it.....vads cure is legit.......i think he did the required
[11:04] {ese} FDA trials on nemo in the Bahamas
[11:04] {ese} 3 of them
[11:05] {dino} rinses driving me crazy, itri
[11:06] {RonS} ese, what do you think of that Praful dude?
[11:06] {Threei}  it is legit ese... it also shiortens one's life which is good for single-payer based health care system
[11:06] {dino} think it was cuba
[11:06] {ese} huh.......praful?
[11:06] {ese} lol
[11:06] {RonS} ...listen to Moon Glide
[11:08] {Threei}  no news for this market selling
[11:08] {Threei}  some jawboning from EU but nothing earthshaking
[11:08] {ese} will do ron if i outta here all.....make a great trading day eh ....cya monday
[11:08] {_iamspartacus} oil
[11:09] {larisa} bye ese get well
[11:09] {ese} tks
[11:09] {dino} cya es
[11:09] {Threei}  take care ese, see you monday
[11:12] {dino} bsqr sm l .06
[11:14] {RonS} got itri v sm l .62 to .94  thanks for the idea dino
[11:15] {dino} gj ron, beats me at my own game
[11:15] {RonS} rarely
[11:16] {dino} bsqr stop is lod
[11:17] {Threei}  1:1, half out
[11:18] {Threei}  scalpers are out
[11:18] {Threei}  like pulling tooth
[11:19] {Threei}  readers of the Taoist Trader course, rremember the chapoter where we discussed changes in interrelationship between sectors
[11:19] {Threei}  how oil and market used to moive in opposite directions, then oil started following market
[11:19] {Threei}  you can see this change taking place now again
[11:20] {Threei}  market percieves rising oil as a treat once again, so it moves inversely
[11:20] {Threei}  stop for the balance is under .10
[11:20] {dino} i remember
[11:23] {Threei} Long Setup:  LVS  .90 break
[11:23] {dino} ups gap fill
[11:23] {Threei}  aggressive entry for 44 break
[11:24] {Threei}  stop/invalidating level is clear, right?
[11:24] {Threei}  X, scalpers win
[11:25] {magoo} loss .80 invalid?
[11:25] {magoo} or .85 i guess
06[11:25] * Threei slaps magoo around a bit with a large Book of The Obvious
[11:26] {Threei}  invalidated
[11:27] {Threei}  but if consolidates for a while, may reestablish
[11:29] {magoo} was it .80 or .85 because it was aggressive entry on 44, so im thinking maybe .85?
[11:30] {Threei}  .80
[11:31] {Threei}  5 cents is way too tight for LVS
[11:31] {Threei}  OK... looks like reestablished
[11:31] {Threei}  wow
[11:32] {Threei}  what's with SPY volatility
[11:33] {Threei}  British Petroleum plc US Dept of Interior discloses safety investigation results on Atlantis platform; allegations that BP made false submissions are unfounded
[11:33] {Threei}  - Major of allegations over the Atlantis platform have been found to be unfounded; report did find issues related to organization of engineered drawings
[11:33] {Threei}  - Proposes no civil penalties for BP
[11:33] {Threei}  - Note: This platform was suggested by many media outlets (60 mins) as perhaps having similar issues to the Macondo oil incident (Deepwater Horizon)
[11:35] {strider} sh fcx .12
[11:37] {dino} bsqr to .99 things stuck
[11:37] {strider} you in lvs, vad?
[11:38] {RonS} lvs l at .80 but i have no idea for target
[11:38] {dino} twgp sm l .85
[11:38] {strider} break was .90
[11:39] {Threei}  no strider
[11:39] {RonS} scalps only today?
[11:39] {Threei}  but it tagged .78 again prior to break
[11:39] {dino} twgp stop lod
[11:39] {Threei}  so it became kind of discretionary
[11:39] {Threei}  looks encouraging so far
[11:39] {Threei}  but action is weird
[11:39] {RonS} yes
[11:39] {Threei}  Ron, just manage it
[11:40] {Threei}  sell half around here
[11:40] {strider} stop fcx -})*
[11:40] {strider} -.08
[11:40] {Threei}  and see if it gives you that break
[11:41] {RonS} 1/2 out .96
[11:48] {dino} sprd sm l .75
[11:48] {dino} stop .49
[11:52] {dino} meli to .41
[11:54] {dino} to .47
[11:55] {dino} f'ng slips, out ave .41, +.41 meli
[11:56] {Threei}  BRKR
[11:56] {Threei}  two-sided setup, half lot
[11:56] {Threei}  19.90 - 20
[11:57] {Threei}  sorry, 19.90 -.95
[12:02] {RonS} out lvs 1/2 b/e
[12:03] {Threei}  let's change it to full lot
[12:03] {strider} 10 cent stops?
[12:03] {Threei}  why?
[12:03] {Threei}  5 cents range
[12:05] {dino} sprd to .79, mkt drop
[12:05] {strider} with 2-3 cent spread at times, a net +.04 reward doesn't look so hot to me
[12:06] {Threei}  aiming for 1:2
[12:06] {Threei}  but if you don't like the trade, you don't take it
[12:06] {RonS} i put in oder to s at break at .89 only got 100 at .90
[12:06] {Threei}  simple as that
[12:08] {strider} I was trying to understand the trade....sorry I'm such a dunce.
[12:08] {dino} no sorries here
[12:12] {RonS} oil up again 104.15
[12:12] {dino} out sprd .05, +.30
[12:13] {RonS} gj
[12:13] {dino} lol, real biker dating on my mibbit
[12:13] {dino} ty ron
[12:13] {RonS} 10 speed
[12:14] {RonS} ?
[12:14] {dino} brb
[12:14] {RonS} Vespa?
[12:15] {nemo} mon short break .60?
[12:16] {Threei}  lost quotes
[12:17] {strider} ok here
[12:17] {Threei}  where is BRKR pls?
[12:17] {strider} 78-79
[12:17] {larisa} 19.77-79
[12:17] {Threei}  cool, i am out then
[12:17] {Threei}  ty
[12:22] {Threei}  something on my side
[12:22] {dino} gaps 12066, 2326, 1308
[12:22] {dino} dji is going to fill
[12:23] {strider} cover APC short +.20
[12:23] {strider} too quick to post
[12:23] {dino} gj
[12:23] {strider} thx
[12:25] {Threei}  some kind of routing issue with my ISP
[12:26] {Threei}  some sites load normally, some are unreachable
[12:27] {dino} having some chart trouble here
[12:27] {Threei}  customer support gal, laughing: can't believe it, normal problems like customer not knowing how to reset their routers phone on someone's shift but real problems like yours are always happen on minehis
[12:28] {dino} fdx gap around 87.35
[12:28] {RonS} rimm rout
[12:28] {strider} was just looking at fdx dino
[12:29] {dino} great minds think alike
[12:29] {strider} reckon?
[12:29] {dino} hope, lol
[12:31] {strider} i might short around .18 if it gets there
[12:31] {strider} nope
[12:32] {dino} itri sm l .65
[12:32] {Threei}  uh oh
[12:33] {dino} shocking
[12:33] {Threei}  market reacts?
[12:34] {larisa} in a positive way :)
[12:35] {Threei}  Fitch: "The potential for an intensification of volatility and stress in European financial markets if a credible and comprehensive response to the 'Eurozone crisis' is not articulated by the EU Heads of State at their Summit on 24-25 March. "In many respects, Spain has exceeded expectations in terms of fiscal consolidation and structural reform, notably with respect to state pensions and the labour market. However, the Negative Outlook reflects the downside risks to Spain's sovereign credit profile from a weak economic recovery, banking sector restructuring and fiscal consolidation, especially by regional governments"
[12:35] {Threei}  they didn't change AA+ rating
[12:35] {Threei}  so market is not too worried
[12:39] {RonS} slw 45 break l ?
[12:40] {Threei}  ask someone with quotes... :)
[12:41] {RonS} "my kingdom for a horse"  shakespeare
[12:42] {dino} you need any quotes vad?
[12:42] {nemo} too bad Les wasn't here, at least you'd have one end
[12:42] {dino} lol
[12:42] {RonS} hehe
[12:42] {rambler} bought PNM   14.64  swing.....
[12:42] {Threei}  thanks dino, no open positions, so I am good
[12:42] {Threei}  just can't answer any questions until they restore my route
[12:43] {RonS} sounds like a ups guy...
[12:43] {dino} lol
[12:43] {Threei}  lol
[12:43] {dino} was just looking at ups
[12:44] {dino} sm l .90
[12:47] {rambler} Bought TNDM...17.18....swing....
[12:57] {dino}   .
[12:58] {RonS} usmo sm l .15
[13:03] {strider} l fcx .87
[13:11] {Threei}  while quotes get retsored:
[13:11] {Threei}
[13:12] {strider} stop fcx -.11
[13:15] {larisa} nice pictures :)
[13:16] {Threei}  ty
[13:16] {RonS} slw 1:3.5
[13:16] {Threei}  you are complicated man Ron
[13:16] {RonS} ese would have said 3.5128654
[13:17] {Threei}  but thank you for staying away from 7/16 or 17/32
[13:17] {nemo} not too mention x/128ths
[13:17] {Threei}  although now that I said that... I kind of miss market trading in fractions
[13:17] {RonS} oil re-testing hod 104.30
[13:25] {nemo} wow, slw
[13:26] {strider} sh fcx .75
[13:32] {dino} bsqr to .17
[13:34] {dino} out bsqr +.11
[13:35] {rambler} Vad, check your email...sent you a wolf picture.....
[13:38] {Threei}  not here yet
[13:39] {rambler} I''ll try again.....
[13:46] {Threei}  mibbit hiccup?
[13:46] {Threei}  or route again
[13:46] {rambler} check now......
[13:47] {rambler} I sent it to
[13:47] {Threei}  here it is'
[13:47] {Threei}  nice!
[13:48] {rambler} don't often catch a wolf in the water......
[13:49] {Threei}  never saw it before
[13:49] {rambler} post it here if you like....
[13:49] {Threei}  hacing troubles reaching my own site, lol
[13:49] {Threei}  having
[13:51] {dino} just got booted
[13:52] {Threei}  yeah, some route problems
[13:52] {Threei}  I am not the only one affected it seems
[13:53] {nemo} jdsu might be interesting HOD break
[13:53] {Threei}  Nissan Motor Co Ltd Reports Feb North America market share at 9.3% (company record)
[13:53] {Threei}  - These market share gains add to the company's continued string of U.S. market share advances, including a gain of 0.4 percentage points in 2010 calendar year when NNA placed amongst the top three fastest growing automotive manufacturers in the U.S.
[13:53] {Threei}  glad to see that... I like Nissan
[13:53] {Threei}  and do my part helping their market share {G}
[14:06] {rambler} anybody home....
[14:06] {dino} .
[14:06] {RonS} no
[14:06] {strider} cover fcx +.20
[14:06] {Threei}  i am back up
[14:07] {strider} TOO MUCH INFORMATION
[14:07] {dino} gj strider
[14:07] {strider} thx
[14:07] {kschun} are you in a trade right now vad?
[14:07] {kschun} hello to all besides :-)
[14:07] {nemo} system is down
[14:07] {Threei}  no, just got my quotes back
[14:07] {kschun} ah o.k. thanks
[14:07] {strider} oh, sorry. misunderstood
[14:08] {Threei}  market looks breakdownish
[14:08] {Threei}  X
[14:08] {Threei} Short Setup: X  .50 break
[14:08] {Threei}  milks trade
[14:10] {_iamspartacus} oil going to new highs
[14:10] {Threei}  wit any market help, 1:4 at least and quite possibly more
[14:10] {dino} ups stopped -.21
[14:11] {RonS} oil hod 104.50
[14:11] {kschun} stop?
[14:11] {Threei}  ah come on
[14:11] {Threei}  above .60 of course
[14:14] {rambler} come on baby...drop your drawers....
[14:14] {Threei}  must be friday...
[14:15] {rambler} thank god...
[14:15] {dino} sheesh that ups stop was lod
[14:16] {Threei}  don't you hate when it happens
[14:16] {nemo} nah, it's going lower
[14:16] {RonS} bullseye
[14:16] {Threei}  is it time for violence yet?
[14:16] {dino} always
[14:16] {kschun} beat it man!
[14:16] {Threei}  in nemo's eyes, silly question... any time is good time for violence {G}
06[14:17] * Threei hits X over the head with 2x4 equipped with rusty nails
[14:17] {kschun} nemo is right :-)
[14:18] {rambler} this could be a good one Vad...
[14:18] {Threei}  need little market help
[14:18] {Threei}  but chart is a beauty
[14:18] {RonS} ...and volume sucks right now
[14:19] {Threei}  nothing but ait for about 50 cents below
[14:19] {Threei}  air
[14:19] {rambler} thats how it looks to me...
06[14:20] * Threei starts mixing cement for X shoes
[14:20] {kschun} agree, just don't know if market really will help us here at this point
[14:20] {kschun} looks so but not sure
[14:20] {Threei}  no one is ever sure, or at least shoulnd't be
[14:21] {Threei}  you just take setup and wait for the market to tell you what it is, win or loss
[14:21] {Threei}  take either with no elation or frustration and move to the next one
06[14:22] * Threei puts cement shoes on X's feet
[14:23] {Threei}  (GE) Germany Chancellor Merkel: Considering adjustment of the needs of debt nations; reiterates must increase coordination among EMU members
[14:24] {kschun} what was that?
[14:25] {nemo} damn forgot about jdsu above .15
[14:26] {dino} idcc sm l .00
[14:28] {rambler} crap....
[14:28] {Threei}  oh well
[14:29] {rambler} back to reading.......
[14:29] {kschun} this print about 21K shares at .70 started this...
[14:29] {kschun} made people nervous
[14:38] {strider} RIMM news
[14:38] {Threei}  RIMM Chief marketing officer resigns from RIMM citing personal reasons, to remain for six months as an advisor during the transition period - financial press
[14:39] {dino} yoku spike
[14:40] {nemo} sina
[14:40] {nemo} shit
[14:40] {Threei}  after long silence nemo decided to contribute
[14:41] {nemo} hey...I called jdsu above .15 long time ago
[14:41] {strider} could you bag that to go, nemo?
[14:41] {Threei}  and valuable contribution it was {G}
[14:41] {nemo} but I was paying attention to an X SHORT, when it broke!!!
[14:42] {nemo} under normal circumstances, one would think spy would like to retest 132.10 and then the .40 area
[14:42] {kschun} longs may become more interesting at this point
[14:43] {nemo} recent normal
[14:43] {kschun} ADD MINUS DEC did turn. TRIN AND UP-VOL STILL SHORT
[14:44] {kschun} some volume- price divergence in SPY + TICK divergence at low before
[14:45] {nemo} WTF does that mean in English sneeze?
[14:45] {kschun} WTF ?
[14:45] {rambler} lol
[14:45] {Threei}  Why The Failure
[14:46] {nemo} IWM volume
[14:46] {rambler} full moon soon....
[14:46] {nemo} wtf Vad?
[14:49] {Threei}  I have this feeling, X iks going to frutrate us by working now, LOL
[14:49] {RonS} out usmo +.01 not enough time and volume
[14:50] {nemo} wow...paypal invited me to an "exclusive" boutique sale
[14:50] {nemo} yeah, me and 750 million other people
[14:50] {dino} crr spikey
[14:51] {rambler} ITMN a thing of beauty today....
[14:51] {kschun} trying some VSEA
[14:53] {kschun} semis relatively strong today
[14:54] {dino} trying a few yuelings in hour or so
[14:56] {kschun} yuelings? - I really have to take some lessons ins english... :-(
[14:56] {dino} americas oldest brewery
[14:57] {kschun} ah - thanks :-)
[14:57] {larisa} also famouse chinese  athlete :)
[14:57] {larisa} not sure who dino is trying :)
[14:57] {Threei}  rofl
[14:57] {RonS} ouch
[14:57] {dino} beer larisa, beer
[14:57] {larisa} :)
[14:58] {dino} maybe w/a hamburger
[14:58] {kschun} TICK broke out of triangel
[14:58] {kschun} definitely prefering longs at this point
[14:58] {nemo} spy gets by .10 I think .40 area
[14:59] {larisa} 1 hour for market to get green. betting 1 yueling
[14:59] {kschun} :-)
[15:00] {dino} you're on
[15:00] {Threei}  wtd
[15:00] {Threei}  (what the deuce)
[15:00] {nemo} what?
[15:00] {dino} stewie
[15:00] {Threei}  look at the market
[15:00] {nemo} yeah, what I say before?
[15:01] {dino} sneeze called it
[15:01] {nemo} [14:44] {nemo} under normal circumstances, one would think spy would like to retest 132.10 and then the .40 area
[15:01] {dino} what is normal lately
[15:01] {nemo} I beg to differ
[15:02] {nemo} sneeze put in his two euros worth after I commented
[15:02] {dino} touchy, lol
[15:03] {nemo} .21 and .40 area are multi-time frame pivot levels
[15:03] {nemo} .40 is where vwap and the 38.2 retracement from yesterday's high resides
[15:05] {dino} idcc to .15
[15:05] {nemo}
[15:07] {dino} to .20
[15:07] {dino} out +.20
[15:08] {kschun} out all VSEA
[15:08] {nemo} we gonna' have to go without milk today vad?
[15:08] {kschun} still looks god, but just don't trust this market.
[15:08] {kschun} it's is friday...
[15:08] {kschun} however VSEA still looking very good
[15:08] {kschun} at breakout level
[15:09] {Threei}  I don't se anything convincing at the moment
[15:09] {kschun} volume expending with price advance
[15:09] {Threei}  jelyfishy day
[15:11] {RonS} ...but kschun says internals a schwartzeneggarian
[15:11] {RonS} are
[15:11] {kschun} internals just said to prefer shorts for the hole day
[15:11] {dino} random dancing
[15:11] {kschun} since market opened
[15:11] {kschun} nothing "random dancing" my friend
[15:12] {kschun} before there was first sign of diverengences
[15:12] {kschun} but before this divergences it was just SHORT
[15:13] {dino} wow!
[15:13] {dino} i subscribe to "anything can happen at any time"
[15:13] {_iamspartacus} moon is aligning with uranus, could be interesting
[15:14] {dino} coo spike
[15:14] {Threei}  but iam... make sure you consider the direction bats fly at moonlit night abiove the main intersection
[15:17] {dino} out twgp -.06 all day
[15:17] {RonS} funny, i always see that when i get mooned...
[15:18] {nemo} wow...futures 104.73
[15:18] {nemo} oil
[15:20] {kschun} funny: yesterday's best setctors industrials + financials ware the weakest today
[15:20] {kschun} are
[15:24] {nemo} 104.85
[15:27] {nemo} looks like they'll get it to 105
[15:31] {RonS} x lod
[15:33] {Threei}  worked after all, eh
[15:33] {Threei}  unreadable
[15:34] {larisa} ok, i tried to cheer up this market. 1 yueling was not enough
[15:34] {Threei}  lol
[15:35] {Threei}  yelling must be louder
[15:35] {strider} hmmm..thought you were yodeling.
[15:35] {strider} that should work
[15:36] {kschun} X really weak, even kind fill out the intraday "gap down"
[15:36] {RonS} and here i have been yokeling...
[15:36] {strider} well, that's what yokels do.
[15:37] {RonS} true 'dat
[15:37] {nemo} vrtx new highs
[15:38] {nemo} see if we get a little short covering
[15:42] {kschun} nice osbervatrion nemo
[15:42] {nemo} only makes sense, but not all that much yet
[15:44] {dino} booted again
[15:48] {kschun} o.k. guys I am out. little loss for today. great start. then one revenge trade. then some well-managed trades but did not really help. acceptable little loss for market action like this
[15:48] {nemo} vwap now at .36
[15:49] {kschun} but still much to learn in psychological paterns + self controll
[15:49] {Threei}  that's fine ks
[15:49] {Threei}  can't win them all
[15:49] {kschun} vad's link from last week was great, exactly desbribing my acting in some situatons
[15:49] {Threei}  nor should try
[15:49] {dino} half out itri .85, +.25
[15:50] {kschun} exactly that is often my problem. not accepting flat days and then turning them into lossing days due to want have a winning day...
[15:50] {rambler} Dino, do you use Intelliscan for your setups....?
[15:50] {kschun} funny, but becoming better.
[15:50] {Threei}  one word for you, ks
[15:50] {Threei}  Taoist Trader Course
[15:50] {dino} no, cyber provides scanner
[15:51] {Threei}  oh well, that's three words
[15:51] {kschun} 3 words :-)
[15:51] {kschun} LOL
[15:51] {nemo} IWM retraced 50% and is at vwap
[15:51] {rambler} thanks
[15:51] {nemo} who stuck a hot poker up fcx's ass?
[15:51] {Threei}  think of it this way ks
[15:51] {kschun} continous improvement is the only thing that counts. if looking back toady two months and seeing improvmenet in my trading
[15:51] {kschun} so more or less I did my homework
[15:52] {Threei}  your undrminings at this point are not in your technique
[15:52] {dino} rambler, my scanners are basic; top gainers/top losers, .07 increments, new highs/lows
[15:52] {Threei}  that's the easiest part
[15:52] {Threei}  it's your actions, dictated by your mind, both conscious and subconscious
[15:52] {nemo} .40
[15:52] {rambler} they seem to be working for you.....
[15:52] {Threei}  putting this paret in order is what that course is about
[15:53] {nemo} "paret"?
[15:53] {Threei}  part
[15:53] {nemo} part?
[15:53] {Threei}  how to think,
[15:53] {Threei}  how to translate yor thinking ina ctions,
[15:53] {nemo} sorry my 3ish a bit rusty
[15:53] {Threei}  how others think,
[15:53] {Threei}  hor to utilize their thinking
[15:53] {Threei}  etc
[15:54] {Threei}  OK guys, thank you all, let's finish the week on this,
[15:54] {Threei}  have a reat weekend, see you all next Monday
[15:54] {strider} thanks, vad.
[15:54] {strider} see ya.
[15:54] {strider} Monday
[15:54] {rambler} cya Vad
[15:54] {kschun} thanks vad, you often put the mirror in front of me. great help!
[15:54] {kschun} thanks man!
[15:54] {kschun} thanks all and great weekend!
[15:54] {Threei}  I do that to avoid looking into it myself
[15:54] {dino} out remainder itri, +.35 at .95
[15:55] {nemo} vad....
[15:55] {nemo} you don't reflect
[15:55] {strider} hmmmm........
[15:55] {rambler} I'll be immersed in your course this weekend....let it rain and blow.....
[15:55] {Threei}  that's why... scare myself each time :)
[15:55] {kschun} can't watch X, got out on 1:1, would have aboout 1:5 now...
[15:55] {kschun} LOL
[15:55] {dino} rambler, yes, i am best when i keep it simple
[15:55] {strider} avtually, he can, nemo.   Just chooses not to.
[15:55] {kschun} I really have to become better in holding the last 1/4...
[15:55] {rambler} just like life.....
[15:56] {dino} yeah, right, lol
[15:56] {rambler} have a great weekend all.......cheers
[15:56] {larisa} 4 min to go green and make dino pay
[15:56] {kschun} o.k. thanks guys, you are all great! thank you so much for this chat, making learning steps much more easier + faster
[15:56] {kschun} great weekend!
[15:57] {dino} thx all, good time, take care
[15:57] {dino} lari, not today my friend
[15:57] {larisa} ok! you drink it then and have a good evening :)
[15:57] {strider} PARIS (AFP)  Mankind may have unleashed the sixth known mass extinction in Earth's history, according to a paper released by the science journal Nature.
[15:58] {dino} will do, thx
[15:58] {strider} A spokesman said that this extinction is scheduled to begin in Victoria, BC.
[16:00] {dino} think that was stick
[16:00] {dino} stink
[16:00] {nemo} still alot of volume on the indexes
[16:01] {nemo} this isn't much we retraced 60% of IWM and almost 50% of spy, so we're just off the all time highs