Friday, March 11, 2011

Mar 11 2011

Profitable albeit somewhat boring day. Quite a snapback in the market off the support, although volume pattern remains bearish.

Session Time: Fri Mar 11 00:00:00 2011
[08:24] {nemo} It's the end of the world as we know it...
[08:28] {strider} That's a good definition of "time".
[08:29] {strider} actually, without the quotes.
[08:29] {nemo} hehehehe...
[08:56] {Threei}  tsunami warning for the west coast of our island
[08:57] {Threei}  American International Group, Inc NY Fed notes receipt of letter from AIG; will evaluate AIG's repayment versus the taxpayer interest
[08:57] {Threei}  - Reminder: on 3/10 AIG delivered a letter to the Federal Reserve Bank of New York (FRBNY) offering to repay the loan by the FRBNY to, and to purchase all of the assets of, Maiden Lane II LLC. AIG hereby submits an offer to purchase all of the residential mortgage backed securities (RMBS) owned by Maiden Lane II for $15.7 billion in cash
[09:04] {dino} gm all
[09:04] {Threei}  dino :)
[09:06] {nemo} watching the CNN news feed...this meteorologist is a dickhead
[09:06] {davd} watching nbc today show - al's big moment
[09:07] {Threei}  one would expect to wake up to USD surge and market huge gap down
[09:07] {davd} poss tempered by much lower oil?
[09:08] {Threei}  could be
[09:09] {davd} fxy / yen up big?
[09:09] {davd} us $ re uup is flat
[09:13] {Threei}  yes
[09:13] {davd} just heard a theory.  not worth writing
[09:16] {dino} i would think a re-build of japan would give lots of companies a big boost
[09:16] {nemo} japanese have to buy yen
[09:16] {nemo} need the money for the emergency, drives up the yen
[09:17] {davd} i guess it was worth writing
[09:20] {magoo} morning
[09:20] {Threei}  magoo :)
[09:20] {_kkris} good morning
[09:20] {Threei}  kris :)
[09:20] {Threei}  initial working assumption is a wave of selling at the open
[09:21] {Threei}  SLW... let's see if we can catch it today
[09:21] {Threei}  yesterday it dropped huge without giving us clear entry
[09:21] {Threei}  keep size down to half lot
[09:23] {dino} gaps ndx 2270, s/p 1276
[09:23] {Threei}  SPY's under critical support
[09:24] {Threei}  if we close the day anywhere under 129.70, major trend reversal is very likely
[09:26] {larisa} gm :)
[09:26] {Threei}  larisa :)
[09:26] {larisa} :)
[09:27] {nemo} gmcr might pop here to test yesterday close high, gets past .90, could keep going
[09:30] {Threei}  SLW, snapback to about .50 - .60 for short entry
[09:30] {jfjf64} mornin
[09:31] {Threei}  jf :)
[09:31] {magoo} SLW becomes bouncer
[09:31] {Threei}  SLW: yeah right
[09:32] {strider} V bouncing
[09:33] {dino} surprising strength
[09:34] {rambler} morning....
[09:35] {nemo} clf ripping
[09:35] {Threei}  rambler :)
[09:35] {Threei} Short Setup: SLW  .50 break
[09:35] {Threei}  if stays under .60
[09:36] {Threei}  invalidated, on a radar for another trigger
[09:36] {rambler} got your wetsuit handy 3i....?
[09:36] {nemo} we were WAY oversold yesterday
[09:36] {Threei}  nah, they say west coast only
[09:36] {Threei}  Tofino, Uklulet
[09:36] {RonS} Silver Wheaton Sees Possibility of Yearly Dividend Payments       03/11 07:36 AM
[09:37] {RonS} CEO sees potential future cash flows of $2-$3 bln
[09:37] {RonS} To boost dividends as cash flows rise
[09:37] {RonS} Sees silver above $50/oz in next two years
[09:38] {RonS} Lots more deals possible, only wants "best assets"
[09:39] {Threei}  .60 breakdown for short
[09:39] {RonS} Silver Wheaton Target Raised To C$51 From C$47.25 By Salman SLW       03/08 04:53 AM
[09:39] {Threei}  if stays under .75
[09:39] {Threei}  invalidated
[09:39] {strider} scanner all green here
[09:39] {RonS} salman made it a salmon. eh?
[09:41] {jfjf64} x flyin
[09:41] {Threei} Short Setup: SLW  .35 break
[09:42] {nemo} need steel to rebuild japan
[09:42] {Threei}  stop above .45
[09:42] {Threei}  1;1
[09:43] {Threei}  second chance entry, same condition
[09:43] {davd} oil beat japan
[09:44] {Threei}  nope
[09:45] {Threei} Short Setup: X  .60 break half lot
[09:45] {nemo} spy at downtrend line
[09:47] {Threei}  if stays under .75
[09:47] {Threei}  target is about 54.30 -20, with two partials
[09:48] {Threei}  first partial near .40 - .45
[09:48] {Threei}  half oyut
[09:48] {Threei}  bid second half around .25
[09:48] {Threei}  out
[09:48] {magoo} nice one vad
[09:49] {Threei}  ty
[09:49] {strider} Japan must be putting reconstruction on a Visa card
[09:53] {dino} fn sm l .70
[09:53] {Threei} Short Setup: SLW  .50 break
[09:53] {Threei}  stop above .60
[09:53] {Threei}  1:1
[09:55] {Threei}  scalpers win
[09:57] {Threei} Long Setup:  RIMM  .80 break
[09:57] {Threei}  if stays above .65
[09:59] {dino} micc sm l break .50
[10:00] {Threei}  let's trail to .70
[10:01] {Threei}  not liking this volatility, and was too close to 1;1
[10:01] {nemo} pivot is .73
[10:02] {Threei}  out
[10:02] {Threei}  if it's a rinse, so be it
[10:04] {ese} hi all....just popin in and then last show this morning and then it's spring break time for me.....catch ya all monday
[10:04] {Threei}  hi ese
[10:04] {ese} hi vad.......
[10:04] {larisa} bye ese :)
[10:04] {ese} anything new and exciting
[10:04] {ese} cya laris
[10:05] {Threei}  not really, just don't go to Tofino
[10:05] {ese} ya no kidding
[10:05] {ese} you and i are safe on this side of the island ....basicallly
[10:05] {Threei}  yup
[10:06] {ese} apparently there is not enough room between us and the US mainland for a tsunami to be able to build up enough steam
[10:06] {Threei} Short Setup: SLW  .50 break
[10:06] {Threei}  stop above .60
[10:06] {ese} cya monday
[10:06] {Threei}  take care, have a good weekend'
[10:07] {Threei}  target is about 1:3 SLW
[10:07] {dino} cya es
[10:07] {Threei}  1:1
[10:07] {magoo} good out rimm vad
[10:07] {Threei}  standard procedur with partials/trails
[10:07] {Threei}  yeah
[10:07] {Threei}  safety first
[10:07] {Threei}  1:2
[10:16] {nemo} ccme halted
[10:16] {Threei}  what, those allegations come true?
[10:18] {Threei}  oh boy
[10:18] {Threei}  (JP) Fire in Kesennuma, Miyagi now covers an area 4.5 km by 2.5 km - Japan media
[10:18] {Threei}  how do you exstinguish that
[10:18] {dino} with losts of water
[10:19] {dino} lots
[10:19] {jfjf64} or  saki
[10:20] {strider} CEDC
[10:21] {nemo} sake
[10:21] {RonS} japan must need emergency shipments of polish vodka
[10:24] {Threei} Long Setup:  FCX  .80 break
[10:25] {Threei}  stop for day traders under .65
[10:25] {Threei}  scalpers .70
[10:26] {Threei}  me be day trader in this case
[10:26] {Threei}  me be greedy
[10:27] {Threei}  scalpers got 1:1
[10:33] {Threei}  scalpers win
[10:33] {Threei}  not delighted by how I managed it, should have dumped half so close to 1;1
[10:36] {nemo} did Noah report a big earthquake before he floated away in the Ark?
[10:36] {strider} sh hal .45
[10:38] {strider} stop -.10
[10:41] {Threei}  what an unbelievable load of crap:
[10:41] {Threei}  US Dollar vs Japanese Yen Pair moves below 82 level
[10:41] {Threei}  - reminder earlier in the session dealer chatter circulated that semi-offical names were defending this level
[10:41] {Threei}  what semi-official names and how exactly could have they "defended" some price level?
[10:43] {rambler} KV/A  tanking....
[10:47] {strider} aig
[10:48] {Threei}  don't see anything fresh after that morning news
[10:55] {Threei}  SLW... break or fizzle
[10:55] {dino} .
[10:55] {nemo} .00 is pivot point
[10:56] {davd} .oo is pivot on spy?
[10:56] {nemo} slw
[10:56] {nemo} spy pivot 130.30
[11:00] {Threei}  market seems insisting on advance
[11:12] {Threei}  (LB) EU has now recognized the Libyan opposition party (following France's decision yesterday); requests meeting with Arab league and African Union
[11:12] {Threei}  - Leaders seeking to establish humanitarian zones outside of Libya and eventually inside the country
[11:12] {Threei}  - Reminder: Yesterday Germany Chancellor Merkel expressed surprise that Sarkozy had chosen to recognize the opposition in Libya
[11:19] {Threei}  SLW elected to break
[11:40] {davd} spy hod and above pivot
[11:41] {Threei} Long Setup:  CAT  99 break, half lot
[11:42] {Threei}  if loses .90, will look for aggressive entry
[11:42] {davd} costanza day
[11:43] {Threei}  1;1
[11:45] {Threei}  1:2
[11:46] {Threei}  1:3, over
[11:46] {Threei}  frikin SLW...
[11:48] {dino} lol you sound like me
[11:48] {Threei}  well, this one got away... :)
[11:59] {davd} cabo wont be visited by disney cruise ship.  worldwide impact.
[12:02] {Threei}  over a dollar move off a break, SLW
[12:06] {Threei}  (EU) ECB's Bini Smaghi: It is time for Eurozone governments to stop talking and start setting up rigorous, binding deficit rules
[12:06] {Threei}  you'd think
[12:09] {Threei}  Tokyo Electric Power Co Inc (JP) Pressure building in Fukushima nuclear reactor; taking steps to relieve pressure but sees risk of radiation leak - Japan press
[12:09] {Threei}  - Notes that the radiation level is rising at the turbine building in the plant; steps to ease the pressure may result in leakage of radiation
[12:09] {Threei}  - Earlier reports had stated that engineers were working on restoring cooling functions at the plant within the next few hours.
[12:11] {nemo} aro
[12:19] {Threei}  so far, no word from Saudi Arabia about "day of rage" I take it
[12:23] {dino}  over already i guess as its tomorrow there, all i saw was few hundred protesters
[12:24] {Threei}  I guess rage planned in advance fizzles out rather quickly
[12:25] {davd} maybe it was the "day of gays".  they claim not to have any, so a few hundred was actually a surprise
[12:25] {dino} kindda takes the shock out of it
[12:25] {dino} lol
[12:35] {Threei}  (CH) China has lost a WTO appeal on US duties on steel and tires
[12:35] {Threei}  ***Reminder: in January the World Trade Organization (WTO) opened a review of US tariffs on Chinese tires. In September 2009 President Obama authorized new 35% tariffs on all car and light truck tire imports from China; China called the move a serious case of protectionism that will harm China-U.S. trade relations. Obama imposed a tariff of 35% in the first year, 30% in the second, and 25% in the third, somewhat less than the levels suggested by the US Federal Trade Panel, which proposed tire tariffs of 55% year one, 45% in year two and 35% in year three. In December 2010 a WTO panel upheld tariffs on Chinese made tires.
[12:37] {Threei}  (US) President Obama: All options on table regarding oil, including tapping the strategic petroleum reserve
[12:37] {Threei}  "All options on table" becomes a code phrase for doing nothing it seems
[12:37] {Threei}  although in this case I don't see many options at all
[12:38] {Threei}  what is it they could possibly do
[12:39] {Threei}  - So far the global community has shown it can handle the supply disruptions that have occurred, with producing nations pledging to supply more from excess capacity.
[12:39] {Threei}  - Near term, the US should seek to increase oil and gas production
[12:39] {RonS} it's against their religion
[12:40] {Threei}  Zaratustra doesn't allow?
[12:40] {Threei}  standing joke in good ole USSR...
[12:41] {Threei}  to get out of something,
[12:41] {Threei}  'I'd do it but Zaratustra won't allow it"
[12:43] {Threei}  - In the longer term, need to reduce demand and break our dependence on oil, more toward alternative fuel sources.
[12:43] {Threei}  yes... how?
[12:54] {Threei}  anyone's alive or you all fell asleep?
[12:56] {rambler} soooo sleeeeeppppyyyy......
[12:56] {dino} magoo dcc
[12:56] {rambler} CIGX a monster....
[12:57] {Threei}  - US and its allies are slowly tightening the noose on Gaddafi's regime
[12:57] {dino} huh?
[12:58] {RonS} what?  throwing tissues?
[12:58] {Threei}  Gaddafi's regime: slooow baby, sloooow
[12:58] {kschun} hello all!
[12:58] {Threei}  heyks
[12:58] {Threei}  Star Scientific, Inc. Strength attributed to circulation of a March 10 US Patent Office document; USPO issues "Notice of Intent to Issue Reexamination Certificate" on CIGX's '401 patent
[12:58] {nemo} Internals Kschunchen
[12:59] {kschun} all long
[12:59] {RonS} the ole patent 401...ese could make a song out of it
[12:59] {kschun} internals momentum long too
[13:00] {Threei}  guys, someone more aware than I am in energy issues, enlighten me please on one thing
[13:01] {Threei}  one of my businesses in USSR has been reequipment of standrd cars for propane fule
[13:02] {Threei}  doubling the range and doubl,ing the fueling options,
[13:02] {dino} becoming popular here in us. very much in france, etc
[13:02] {Threei}  equipment cost was quite affordable,
[13:02] {Threei}  work would take couple hours
[13:02] {Threei}  Gas is abundant and cheap,
[13:03] {Threei}  what the hell prevent US from making it priority and moving the fleet in this direction?
[13:03] {nemo} lvs interesting spot for short
[13:03] {dino} anti-drillers
[13:03] {Threei}  they are against oil too
[13:03] {dino} we are fighting them in my backyard, marcellus shale, anti's driving companies nuts w/lies, etc
[13:04] {Threei}  using LNG would take a huge part of oil dependency off
[13:04] {dino} they have found 200 years of supply at current usage
[13:04] {Threei}  what the heck is wrong with people
[13:04] {dino} but the no drill fear mongers are stopping it
[13:05] {rambler} the lefties want us all on BIKES......
[13:05] {dino} sort of like the anti loggers, they would rather it burned
[13:05] {Threei}  and in jute bags for clothes
[13:05] {Threei}  which I actually wouldn't mind
[13:05] {rambler} living in green socialist villages.....
[13:06] {rambler} all happy....all equal.....peace and know the drill....
[13:06] {Threei}  I so do
[13:06] {Threei}  I lived in it
[13:06] {Threei}  barely made out alive
[13:07] {dino} we have the solution in our ground, but.....
[13:07] {Threei}  peace and harmony are quite dangerous for one's health, you see {G}
[13:08] {Threei}  not even speamking of equality
[13:08] {rambler} they won't stop trying...
[13:08] {Threei}  that one is murderous
[13:09] {rambler} watch MSNBC.....the ED show....guy is nuts...
[13:10] {Threei}  no thanks... my needs in "nuts" department are covered by Charlee Sheen
[13:11] {Threei}  (FR) France PM halts shale gas drilling until a report has been formulated
[13:12] {dino} there you go 3i, same junk happening here
[13:16] {rambler} I've had 2 gas/propane vehicles Vad, both worked really well....
[13:16] {rambler} tanks a bit of a pain but manageable....
[13:22] {Threei}  well, I guess we rather talk for eons about doing something... and dreaming up some enormously expensive and technologically uncooked schemes that may or may not pan out in distant future
[13:22] {rambler} CIGX L 2.69...stop 2.60
[13:22] {kschun} internals update: $VOLD AND $ADD cachted negative mommentum with SPY down move.
[13:23] {kschun} all in all could this may be an interesting are to go long
[13:23] {kschun} however TICK havin gproblems with 0.
[13:23] {kschun} SPY AT support.
[13:23] {nemo} what? you got to the Vad Schule fuer Buchstabierung?
[13:32] {kschun} $VOLD: up-vol minus down-volume
[13:33] {kschun} $add: ADVANCES MINUS DECLINERS NYSE
[13:33] {nemo} pot in bounce territory
[13:33] {Threei}  I'd expect it to dive under 54 first
[13:33] {nemo} pivot .92
[13:34] {nemo} volume coming in
[13:35] {nemo} people go out neutral or short today?
[13:35] {Threei}  what people?
[13:35] {nemo} they
[13:35] {Threei}  long I think...
[13:36] {nemo} really
[13:36] {Threei}  "day of rage" widely predicted to be end of the world never materialized,
[13:36] {nemo} X beak of .75?
[13:36] {nemo} break
[13:36] {Threei}  japan disaster failed to send market deeply into red,
[13:36] {Threei}  support held, market snapped back into range
[13:37] {Threei}  not sure about X here
[13:37] {kschun} nice observation on pot nemo!
[13:37] {Threei}  this is kind of entries that provided nothing but shakeouts over last days
[13:37] {nemo} yeah, have a certain affinity for pot
[13:37] {nemo} well that's 1:1
[13:38] {nemo} got two high volume doji's and a break above
[13:38] {nemo} fairly close to pivot and morning support
[13:39] {nemo} thought probability was reasonable
[13:39] {nemo} X 1:1
[13:39] {kschun} perfect entry nemo in POT. round number. big bid. low risk entry. thanks
[13:39] {nemo} still a little early, might just be scalps
[13:39] {kschun} also lot of up-volume in morining
[13:40] {kschun} scalp o.k. for me :-)
[13:40] {kschun} I don't really trust this market. interesting vad's obersvation as always!
[13:40] {kschun} as long .40 holds I am still o.k. with longs
[13:40] {nemo} yeah, scalping has been predominant today
[13:41] {nemo} spy pivot .30 could retest
[13:41] {Threei} Short Setup: SLW  .42 break
[13:41] {kschun} just do not like the inverted hammer in SPY
[13:41] {Threei}  if stays under .10
[13:41] {kschun} SLW invalidated?
[13:42] {nemo} do you feel lucky?
[13:42] {Threei}  of course
[13:42] {kschun} yep. sorry
[13:42] {kschun} why lucky my german-speaking friend??? :-)
[13:44] {nemo} Schmutziger Harry
[13:44] {kschun} lol
[13:44] {dino} nke sm l .25
[13:44] {kschun} out POT 1:3
[13:45] {dino} ty pot nemo
[13:45] {nemo} X 1:2
[13:45] {nemo} sinsemilla dude
[13:45] {dino} narly
[13:45] {nemo} hehehehe
[13:46] {rambler} out CIGX .....-05
[13:46] {rambler} wierd action....
[13:47] {rambler} now it goes....
[13:47] {kschun} TRIN NYSE under .50.
[13:47] {kschun} shorts often a no-go in this area.
[13:47] {kschun} but just my opinion
[13:48] {nemo} 1:3 X and out
[13:48] {kschun} nice job man!
[13:48] {nemo} old man to you
[13:49] {kschun} :-)
[13:50] {kschun} important to know: men are only becoming more interesting with on-going age. women just becoming older LOL :-)
[13:50] {kschun} kidding
[13:50] {kschun} just kidding
[13:50] {nemo} I have to disagree
[13:51] {kschun} oh now it comes...
[13:51] {nemo} no...I've found that as youth fades the soulshines
[13:52] {dino} nemo must have a new woman
[13:52] {nemo} no
[13:52] {nemo} I think you know what I'm talking about Dino
[13:52] {dino} i do
[13:53] {kschun} :-)
[13:59] {dino} for all of the world chaos, markets are remarkably calm today
[14:01] {nemo} spy sitting on trendline
[14:02] {strider} that's rude
[14:02] {Threei}  from trendline's point of view, sure
[14:02] {strider} we need a little more empathy here.
[14:02] {nemo} aahhhh...nevermind
[14:03] {strider} except for nemo
[14:03] {strider} who has opted out.
[14:05] {kschun} put now trying to set higher low.
[14:05] {kschun} however not gona take it, just reporing
[14:05] {nemo} I have anti-empathy
[14:06] {strider} yes.  that's called antipathy
[14:06] {nemo} I'm more than happy to help people's souls make the transition to the next life
[14:06] {strider} das sum bad dood
[14:08] {nemo} agu
[14:08] {nemo} long over .10 if market moves up
[14:09] {Threei} Short Setup: SLW  42 break
[14:09] {Threei}  if stays under .10
[14:09] {Threei}  not a scalp
[14:09] {Threei}  milk trade candidate
[14:13] {Threei}  1:1
[14:14] {Threei}  half out .86
[14:15] {kschun} nice one man!
[14:15] {Threei}  if second half is not stopped b/e, has a chance to be really nice
[14:15] {Threei}  but market is spiking
[14:17] {Threei}  oh well
[14:17] {Threei}  scalpers win
[14:17] {Threei}  anyway, no complaints about today
[14:17] {strider} merelly orange juice trade
[14:17] {strider} merely
[14:17] {Threei}  yeah
[14:18] {Threei}  and btw, everyone looked at yesterday's COTHD?
[14:18] {nemo} hey vad, AGU staying weak on this market up move
[14:18] {kschun} this was what I meant with "TRIN {0.5 "... shorts a dificult job in this kind of environment
[14:18] {kschun} market can spike at any moment.
[14:19] {Threei}  I hate its spread nemo
[14:19] {nemo} yeah
[14:19] {kschun} but "scalpers win" - all to know.
[14:19] {kschun} nice trade again vad. have an interesting statistic about your hit-ratio :-)
[14:19] {Threei}  really
[14:20] {kschun} will not publish it here, otherwise you may will charge more for chatroom in future LOLOLOLLOL
[14:20] {kschun} :-)
[14:20] {nemo} may?
[14:20] {Threei}  lol
[14:20] {dino} out nke .75, +.50
[14:20] {Threei}  that's not my decision, that's up to ben
[14:20] {kschun} how is ben, don't give him the log file to read!!! :-)
[14:20] {kschun} who is ben?
[14:21] {kschun} correction... :-)
[14:21] {dino} ben who, dover?
[14:21] {nemo} gag
[14:21] {Threei}  ben bernarke?
[14:21] {kschun} yep :-)
[14:21] {Threei}  if he continues as he does, and prices for food staples go up, why would you expect anything to stay the same
[14:21] {kschun} helicopter  ben bernanke
[14:21] {kschun} :-)
[14:21] {nemo} Barney?
[14:21] {Threei}  so, let's hear those statistics
[14:23] {strider} you'll need to enlarge the room when you raise prices, vad.
[14:23] {strider} to make room for your increased head size.
[14:23] {nemo} ooooohhhhhh
[14:23] {strider} :)
[14:23] {Threei}  why, I keep it above clouds
[14:24] {Threei}  makes for a nice cooling breeze
[14:24] {strider} that's why you seem kind of foggy
[14:24] {Threei}  and lack of oxygen replaces a lot of drugs
[14:24] {strider} ha
[14:24] {kschun} I really should have been started talking about this subject.... lol
[14:24] {kschun} stats of your hit-ratio or not good vad :-)
[14:24] {Threei}  no worry ks... last time we spoke about anything seriously was, ummm
[14:25] {Threei}  hmmm
[14:25] {Threei}  did we ever?
[14:25] {kschun} nemo?
[14:25] {kschun} :-)
[14:25] {kschun} ah I know, bacon :-)
[14:25] {Threei}  oh yeah'
[14:25] {Threei}  that's serious
[14:25] {kschun} you said no jokes allwod about it
[14:26] {nemo} what?
[14:26] {kschun} allowed...
[14:28] {Threei}  (EU) EU's Van Rompuy: European Ministers reach agreement on competitiveness and coordination on economic policy
[14:28] {Threei}  - Reminder: Yesterday Germany hinted at a possible compromise with Ireland and Greece by way of certain concessions between the countries
[14:28] {strider} V?
[14:29] {Threei}  no idea... stall
[14:29] {Threei}  toss a coin
[14:29] {strider} OK.
[14:29] {strider} wow. won again.
[14:29] {kschun} :-)
[14:29] {nemo} didn't move up with market, vwap at .35
[14:29] {Threei}  (JP) Japan continuing to encounter aftershocks above the 6.0 level, including on the east and west coasts of Honshu- Other aftershocks include the region of Nagano prefecture,inland
[14:30] {nemo} that's a helluva aftershock
[14:30] {kschun} nice little consolidation. just don't know which side. sector would say nope.
[14:30] {strider} hasn't been moving with market today
[14:30] {kschun} not long
[14:31] {kschun} yeah right. would not take it.
[14:31] {kschun} but more long then short in my op. becuase of market
[14:32] {strider} slw again maybe ?
[14:33] {Threei}  thinking about it too strider
[14:33] {Threei}  stays near this 42 level
[14:34] {Threei}  just don't want to short right into market spike
[14:44] {kschun} V at low of conoslid.
[14:44] {kschun} but just not confident enough about it.
[14:46] {strider} It's amazing that we're still in positive territory on a Friday afternoon with all this crap going on.
[14:47] {Threei}  quite
[14:47] {kschun} right. way of market to keep the opposite what the majority is thinking
[14:47] {strider} A good reminder (to me) about getting "ideas" about the market's direction.
[14:48] {Threei}  I keep just one idea all the time
[14:48] {strider} bacon?
[14:48] {kschun} LOL
[14:48] {kschun} :-)
[14:48] {Threei}  it says: I have no frikin odea
[14:48] {Threei}  idea
[14:48] {Threei}  and it helps immensely
[14:48] {strider} and leaves more room for ............
[14:49] {Threei}  yeah... bacon
[14:49] {strider} db MOS
[14:50] {strider} sitting on pivot
[14:50] {strider} definitely not following spy today
[14:50] {strider} did till 2:00
[14:51] {nemo} downward trend line
[14:51] {nemo} need volume to come in
[14:51] {nemo} spy at resistance
[14:53] {strider} trend line.  true.
[14:53] {strider} trying to break it now
[14:53] {strider} will vad let us talk about trend lines?
[14:54] {strider} you know, camel's nose under the tent and all
[14:54] {Threei}  hmmm
[14:54] {Threei}  why not?
[14:54] {Threei}  it's not like they are broccoli
[14:54] {strider} first thing you know, it will be stochastics, and MACD, and moving averages, and ...........
[14:54] {Threei}  broccoli is something better left unsaid
[14:55] {Threei}  hey, just no Ichimoku clouds, OK?
[14:55] {strider} that would come from nemo.
[14:55] {Threei}  all that other crap, as you wish
[14:55] {kschun} V broki .50
[14:56] {kschun} some volume too
[14:56] {strider} well, when the moon is in the 7th house, and Jupiter aligns with mars............
[14:56] {nemo} hey, called pot and X on doji volume breaks...but noooooooooooo
[14:56] {strider} that's about the 17th time it has broken .50 in the last hour.
[14:57] {Threei}  lol
[14:57] {Threei}  true
[14:58] {strider} V does this crap all the time.  Will drive you crazy.
[14:58] {strider} fdx
[15:00] {kschun} right...
[15:02] {strider} long x .01
[15:02] {kschun} however volume is o.k. this time. so more confident this time to take my 1:1
[15:03] {strider} 1/2 +.09
[15:03] {kschun} what I not like about it is daily chart
[15:03] {kschun} volume not enough too
[15:03] {kschun} and sector...
[15:04] {kschun} ncie job strider on X
[15:04] {strider} out bal +.09 also.   a bit steep
[15:04] {kschun} have to be quick today :-)
[15:04] {strider} also forming a big h&s
[15:06] {kschun} V 1:1 half out
[15:06] {strider} wtg
[15:07] {Threei}  SLW is losing ground
[15:07] {dino} micc to .82
[15:08] {strider} aem drops
[15:08] {strider} and bounces
[15:10] {kschun} o.k. guys I am out. wish you all a very nice weekend, thanks to all, thanks vad!
[15:10] {Threei}  headline from beyond the mirror:
[15:10] {Threei}  (LB) Libya govt suspends diplomatic relationship with France
[15:10] {Threei}  - Note: France has been one of the more vocal proponents against Libya in recent days
[15:11] {Threei}  take care ks, have a good weekend
[15:11] {Threei}  although you haven't shared those stats with us
[15:11] {strider} see ya, ks
[15:11] {dino} out micc .81, +.30
[15:16] {strider} I have a stat for you, vad.
[15:16] {strider} Any of your calls I miss is automatically the biggest winner of the day.
[15:16] {rambler} KERX going...
[15:17] {rambler} same for me strider.....
[15:23] {davd} vix { 20
[15:24] {Threei}  quite impressive bounce but volume is still in bearish pattern
[15:28] {Threei}  look at SPY daily
[15:28] {Threei}  I wouldn't confidently say we are out of the woods
[15:28] {strider} sitting on 50SMA
[15:34] {strider} a rout coming?
[15:35] {Threei}  (SR) Saudi Arabia Prince Alwaleed: $100/bbl oil is not justified; takes responsibility as oil producer very seriously - CNBC
[15:35] {Threei}  - Comments that if Saudi Arabia had not stepped in, oil price may have gone to $140-150/bbl
[15:35] {Threei}  - Alwaleed says he remains very happy with his position in Citigroup.
[15:37] {Threei}  wjatever floats his boat
[15:38] {rambler} CIGX  ...patent news on tech to eliminate tobacco toxins....
[15:38] {rambler} coild be a flyer...
[15:38] {rambler} could
[15:40] {Threei}  NYX Fox's Gasparino reiterates earlier report today, Nasdaq decision on a hostible bid for NYX is imminent, could come as early as today
[15:40] {strider} x?
[15:41] {Threei}  I'd try to short 55 break
[15:42] {strider} late in the day.  may be a lot of shorts to unwind.
[15:43] {rambler} Goldman Capitol Management puts CIGX at $20/sh.....
[15:45] {rambler} if they win lawsuit against RJ Reynolds....apparently chances good...
[15:46] {strider} y'all have a good evening and weekend.  Gonna be nice weather here.   Get the motorcycle out maybe.
[15:47] {Threei}  have fun strider
[15:47] {strider} thx vad.
[15:47] {strider} I'll watch the paper for specials on bacon and brocolli.
[15:47] {strider} I think that's  complete meal.
[15:47] {strider} alliterative too.
[15:53] {rambler} that"s it for me ....thanks Vad....
[15:53] {Threei}  sure thing
[15:54] {rambler} think I'll head down to Cowichan Bay and make sure the boat still floating....
[15:54] {rambler} good excuse to enjoy the afternoon ....tsunami watch....
[16:00] {Threei}  thank you all
[16:00] {Threei}  have a good weekend, see you Monday
[16:03] {dino} thx all