Monday, March 21, 2011

Mar 21 2011

Very strong opening to the week with 1 stop and lots of nice winning trades. Mostly standard setups. Notice that so far new SPY resistance at 130 is exactly where the rally stopped. Tomorrow will show whether market can break it.

Session Time: Mon Mar 21 00:00:00 2011
[09:05] {Threei}  can't decide to stay or go back to sleep
[09:05] {Threei}  any opinions?
[09:06] {strider} You mean because of the gap up?
[09:06] {Threei}  yeah
[09:06] {Threei}  although this gap could turn promising opportunity
[09:06] {Threei}  gap right into resistance... tempting short
[09:08] {dino} gm all
[09:08] {Threei}  dino :)
[09:09] {nemo} go golfing dino
[09:11] {dino} 3" of snow here this a.m.
[09:11] {Threei}  yikes... really?
[09:11] {nemo} orange balls
[09:11] {nemo} citi reverse stock split
[09:11] {_svandenbark} gm :)
[09:11] {dino} yes, had to plow driveway
[09:11] {Threei}  morning svanden
[09:12] {Threei}  looking for short candidates if this scenario develops
[09:12] {Threei}  SLW is obvious one
[09:14] {Threei}  this Libya thing starts looking like a trap similar to Iraq
[09:15] {rambler} morning
[09:15] {Threei}  rambler :)
[09:15] {nemo} I'll bet saudi's bahraini's and kuwait are paying for it
[09:16] {Threei}  EUR/USD Pair hits fresh 4-month highs at 1.4200
[09:17] {Threei}  FCX is another candidate
[09:18] {Threei}  going to skip first opening moves and wait for cleaner setups to shape up
[09:18] {nemo} qcom
[09:18] {Threei}  so far working assumption is: gap into resistance leading to reversal and drop
[09:18] {nemo} looks long actually
[09:19] {Threei}  whether it confirms remains to be seen
[09:20] {dino} w/nemo
[09:20] {nemo} it's lonely up here dino
[09:21] {magoo} morning
[09:21] {Threei}  mags :)
[09:22] {larisa} gm :)
[09:22] {Threei}  larisa :)
[09:22] {larisa} vad :)
[09:25] {davd} pot upgraded, agu downgraded at goldman
[09:27] {Threei}  (PO) Portugal unnamed official: Portugal likely to seek bailout by June
[09:27] {Threei}  who said Europian crisis was resolved?
[09:27] {nemo} european politicians
[09:27] {Threei}  ah... thought so
[09:28] {Threei}  named ones
[09:28] {nemo} there goes qcom broke 53
[09:28] {Threei}  keep initial plays to half lot, morning volatility is like to be abnormal
[09:29] {Threei}  targeting SLW short as first play
[09:29] {nemo} fits u to a "T"
[09:29] {Threei}  lol
[09:29] {nemo} Abbie Normal
[09:29] {Threei}  FCX too
[09:30] {Threei}  gopefully they form clear setup instead of sharp move wioth no warning
[09:30] {Threei}  uhhu
[09:30] {Threei}  look at both
[09:31] {Threei}  OK, bounce short area is .50 - .60 for SLW
[09:31] {Threei}  and .70 - .80 for FCX
[09:31] {jfjf64} mornin
[09:31] {Threei}  hey jf
[09:32] {Threei}  no bounce to speak of
[09:34] {nemo} X dropping hard
[09:35] {magoo} yup X
[09:35] {Threei} Short Setup: SLW  .10 break half lot
[09:35] {Threei}  stop above .25
[09:37] {Threei} Short Setup: X  .70 break half lot
[09:38] {Threei}  stop above .80
[09:39] {Threei}  X 1:1
[09:39] {Threei}  1:2
[09:39] {Threei}  1:4, out
[09:39] {jfjf64} ty
[09:40] {Threei}  yw
[09:40] {Threei}  SLW, make up your mind, will ya
[09:40] {Threei}  one way or another
[09:41] {nemo} shorted slw at .20
[09:41] {Threei}  sneaky
[09:41] {nemo} who you talking to?
[09:41] {Threei}  I've no idea
[09:42] {Threei}  SLW 1:1
[09:43] {magoo} nice vad, ty
[09:43] {Threei}  welcome sir
[09:43] {Threei}  wait... why am I so polite
[09:43] {Threei}  not my style
06[09:43] * Threei slaps magoo around a bit with a large roll of cash
[09:43] {dino} meli sm l .53
[09:43] {Threei}  there... all better
[09:44] {Threei}  stop for SLW balance to b/e
[09:44] {Threei}  not giving back anything
[09:45] {dino} filling upside gaps all over
[09:45] {Threei}  resistance is right in front of us
[09:45] {Threei}  SPT 129.70 - 130 zone
[09:45] {dino} 12044 gap
[09:45] {Threei}  SPY, sorry
[09:45] {dino} 1304
[09:46] {Threei}  SLW is ready to tank
[09:46] {Threei} Short Setup: RIMM  .95 break half lot
[09:47] {Threei}  if stays under .10
[09:47] {Threei}  whoa SPY
[09:48] {Threei}  closewd SLW balance
[09:48] {Threei}  market spike just when it was losing ground
[09:49] {Threei}  (LB) Fuel tank of power station in Eastern Libya Zuetina oil terminal area has been hit in fighting
[09:49] {nemo} lvs brerak .20?
[09:49] {nemo} frig
[09:49] {Threei}  nah
[09:49] {Threei}  pullback or no game
[09:50] {nemo} new home sales 10 minutes
[09:50] {strider} X  still weak
[09:50] {Threei}  (US) Preview: Feb Existing Home Sales due out at 10:00ET
[09:50] {Threei}  **Consensus expectation: 5.11Me v 5.36M prior
[09:50] {dino} fcx too
[09:50] {Threei} Short Setup: RIMM  62 break
[09:51] {Threei}  half lot
[09:51] {Threei}  if stays under .10
[09:52] {Threei}  market tank time, IMO
[09:52] {Threei}  resistance is tested and has held
[09:53] {Threei}  1:1
[09:53] {Threei}  folks, those of you who have been eager to trade on Egypt stock exchange and felt frustrated:
[09:54] {Threei}  (EG) Egypt Stock exchange plans to repon on Wed, Mar 23rd
[09:54] {rambler} good to know....
[09:54] {dino} :)
[09:54] {Threei}  just two more days to wait
[09:55] {Threei}  magoo sent me 5 e-mails over the last week, mostly in a very coarse language... demanding to reopen that exchange immediately or else
[09:55] {magoo}
[09:56] {Threei}  LVS, what the deuce... did they start taking best on whether Libya turns into next Iraq?
[09:56] {nemo} told ya
[09:56] {Threei}  you were right, fine
[09:56] {nemo} here it comes
[09:56] {Threei}  RIMM 1:2
[09:56] {Threei}  my a$$ is out
[09:57] {magoo} what exit u get?
[09:57] {Threei}  btw, I strongly suspect magoo doesn't really care about Egypt exchange - he just viewed it as a chance to swear at me
[09:57] {Threei}  .80
[09:58] {magoo} u should chech your email right now lol'
[09:58] {dino} out itri .44, +.94
[09:58] {Threei}  oops
[09:59] {Threei}  that's 3 for 3, for the Monday morning, hangover et all... can I go home?
[09:59] {rambler} nice one dino....
[09:59] {dino} ty
[09:59] {strider} fcx
[09:59] {Threei}  argh LVS
[09:59] {Threei}  next time nemo asks something, I answer yes not even looking
[09:59] {dino} nke sm l .10
[10:00] {Threei}  that .20 break was golden
[10:00] {Threei}  *(US) FEB EXISTING HOME SALES: 4.88M V 5.12ME
[10:02] {nemo} jrcc
[10:02] {Threei}  (US) Supreme court rejects banking sector appeal to keep 2008 bail out details confidential
[10:02] {gregns} ty on the rimm
[10:03] {Threei}  greg :)
[10:03] {Threei}  slept in for the first two
06[10:03] * Threei mails greg big loud alarm clock
[10:03] {gregns} planting plants w 3yo daughter outside
[10:03] {Threei}  gosh, why would you wake her up that early
[10:04] {gregns} did u do good on the 1st two?
[10:04] {Threei}  yeah, nice shorts on X and SLW
[10:05] {gregns} dang and I love shorts !
[10:05] {Threei}  well, weather is warmer and warmer...
[10:05] {dino} fcx sm l .95
[10:06] {dino} nke stop is .93 fwiw
[10:06] {dino} fcx is .65
[10:07] {dino} itri kept going up, bummer
[10:07] {Threei} Long Setup:  FCX  52 break
[10:07] {Threei}  oops, late
[10:07] {nemo} .25-50 area for spy
[10:07] {Threei}  if you went with dino's entry, you got it... my stop is much tighter of course
[10:08] {Threei}  another test of resistance
[10:09] {Threei}  nemo everything is not lost for us:
[10:09] {Threei}  PRAN Hearing strength attributed to new publication on ability to restore functionality in Alzheimer patients
[10:09] {Threei}  FCX would be at 1:2 here
[10:09] {nemo} won't help me, mine is from blunt force trauma
[10:09] {Threei}  had I posted alert 3 seconds earlier
[10:10] {strider} it came back and got me at .02
[10:10] {strider} out +.09 +.22
[10:10] {magoo} took diono.95 fcx
[10:11] {magoo} half out .20
[10:11] {dino} fcx to b/e
[10:11] {davd} fyi financials underperform a surprise given dividend excitement imo
[10:14] {dino} fcx has lost its mojo
[10:14] {nemo} market showing pullback
[10:15] {dino} out fcx .00 +.05
[10:17] {Threei}  130 held again
[10:18] {Threei} Short Setup: LVS  .60 break
[10:18] {Threei}  if stays under .70 for scalpers, .80 for day traders
[10:18] {Threei}  size accordingly
[10:18] {dino} ffiv drops again
[10:19] {Threei}  aggressive entry would be here on LVS for those who prefer this kind of things
[10:20] {strider} still can't short lvs here.
[10:20] {Threei}  .70 break, aggressive short etry
[10:20] {strider} kind of a permanent thing looks like
[10:20] {magoo} sh lvs .68
[10:20] {Threei}  stop above .80 mags
[10:21] {magoo} ok
[10:21] {nemo} big offers .70
[10:22] {Threei}  don't mean squat really
[10:22] {magoo} gotta agree with vad, not trhat big really
[10:22] {nemo} it's tested the level several times
[10:22] {magoo} and nemo, u know i hate to agree witjh vad :)
[10:23] {Threei}  leave it to fake level 2 gurus to fool their naive clients with those sizes
[10:23] {Threei}  see?
[10:23] {nemo} yeah, like on LVS
[10:23] {Threei}  no go
[10:23] {nemo} how's the pie taste
[10:23] {magoo} ok out .81
06[10:24] * strider slaps nemo around a bit with a large llemon merengue pie.
[10:24] {nemo} whip cream?
[10:24] {magoo} minue .11
[10:24] {magoo} minus
[10:24] {strider} not for you
[10:25] {magoo} looks better now
[10:25] {strider} congealed wd-40
[10:25] {strider} with a ball bearing on top
[10:26] {magoo} wd40=water displacement 40 days
[10:26] {nemo} $ breaks 3 year support
[10:26] {nemo} yep
[10:27] {davd} swiss can get nyc real estate cheap
[10:28] {dino} darn fcx
[10:29] {dino} out nke .41, +.31
[10:29] {Threei}  nice
[10:30] {dino} ty
[10:30] {dino} ffiv sm l .50
[10:30] {nemo} NOV
[10:33] {dino} ffiv to b/e
[10:33] {Threei}  oh god
[10:33] {Threei}  (MX) Mexico Fin Min Cordero:
[10:33] {Threei}  - May need to diversify exports given concern over the high deficit in the United States
[10:33] {Threei}  Mexico's looking to diversify away from US
[10:33] {Threei}  how much more screwed uo can it get?
[10:34] {dino} stopped ffiv flat
[10:34] {magoo} too bad they wouldnt diversify some of the illegal immigration
[10:35] {Threei}  lol
[10:35] {dino} or drugs
[10:35] {nemo} look at LVS
[10:35] {magoo} always a tough trader lvs
[10:35] {Threei}  I don't want to
[10:35] {dino} ffiv rinsed, whippy
[10:36] {magoo} i never can catch the big move
[10:36] {magoo} short or long
[10:36] {strider} Xs small c&h
[10:37] {strider} while market pulls back....
[10:37] {nemo} VWAP at .30
[10:37] {strider} .25 here
[10:37] {Threei} Long Setup:  FCX  .10 break if stays above 52
[10:38] {Threei}  invalidated
[10:40] {strider} why is X against the market?
[10:40] {Threei}  just a lagger, IMO
[10:43] {dino} its not, market is against x
[10:43] {Threei}  lol
[10:44] {RonS} dino still in meli?
[10:45] {dino} no out hour ago, +.94
[10:45] {nemo} LVS short?
[10:45] {dino} you in it ron?
[10:46] {Threei}  can't tell nemo
[10:46] {nemo} jrcc might be long break of .42
[10:46] {RonS} no :(
[10:47] {RonS} jrcc can go sideways for hours nemo
[10:48] {nemo} well, we might find out now
[10:48] {jfjf64} lvs  dtop
[10:48] {jfjf64} i lk
[10:48] {dino} sm l x .25
[10:49] {nemo} jrcc 1:1
[10:49] {nemo} tck
[10:49] {nemo} long .22
[10:50] {nemo} tck
[10:52] {nemo} bummer out tck,
[10:52] {nemo} stop be on jrcc
[10:52] {nemo} mos
[10:53] {Threei}  OK, if I get this right we are forming double top on SPY
[10:53] {Threei}  sooo
[10:53] {Threei} Short Setup: X  .30 break
[10:53] {Threei}  if stays under .40
[10:54] {dino} x to b/e
[10:54] {dino} out
[10:57] {Threei}  (LB) Gaddafi forces have fired into a crowd of people in Misurata, 9 people reported dead
[10:57] {Threei}  no go
[10:58] {Threei}  backing off, not clear to me
[10:58] {dino} nor i
[10:58] {dino} x tricked me
[10:59] {Threei}  yeah
[10:59] {nemo} jrcc .60 level offers
[10:59] {nemo} probably not important
[11:00] {nemo} 1:2 .63
[11:00] {dino} gj
[11:00] {nemo} holding half
[11:00] {davd} that close to tripoli, just 200 miles to the east
[11:01] {davd} "japan verge of stabalizing"
[11:01] {dino} f'ng x
[11:02] {nemo} rinse tck
[11:03] {dino} aa sm l .45
[11:05] {nemo} 1/4 more .72
[11:05] {nemo} last qtr for S&Gs
[11:06] {Threei}  market starts looking like preparing for breakout
[11:06] {nemo} yep
[11:06] {Threei}  if that happens, all bets are off
[11:07] {Threei}  no game plan on my part
[11:07] {strider} what about the old 'only winning trades' plan...
[11:07] {dino} ndx, s/p hod
[11:08] {strider} where's that button on keyboard?
[11:08] {magoo} escape key
[11:08] {Threei}  RIMM...
[11:08] {Threei}  breaking out
[11:11] {strider} X try8ing 54
[11:11] {Threei}  130 held again... but if gives up, RIMM becomes a long candidate on .45 break
[11:18] {nemo} iwm runs into weekl pivot at .38
[11:20] {strider} X consolidates about 54
[11:24] {ese} well hows it coming to you live from Deep Bay British community 2 hours north of Victoria
[11:24] {Threei}  ese woke up... wow
[11:24] {Threei}  what are you doing up island
[11:25] {ese} my wifes parents have a house here on the water and it looks out at the south end of Denman Island Vad
[11:25] {ese} couple of days holiday.......spurr of the moment decision on saturday
[11:25] {Threei}  cool
[11:26] {Threei}  I suspected you started preparing for imminent federal election
[11:27] {ese} Vad...Patience?    either of you been up this way
[11:27] {Threei}  no, not in Deep Bay
[11:27] {rambler} ese, years ago my son and I were caught in a SEast gale right there....trying to get in to the marina...
[11:27] {patience} good fishing
[11:28] {ese} the Deep Bay marina rambler?
[11:28] {Threei}  looking for shorts again
[11:28] {rambler} yep, tied up there for a couple days...
[11:28] {ese} my wifes dad is a fisherman....not
[11:28] {Threei} Short Setup: X  .90 break
[11:30] {ese} very cool's herring season now......sea lions pursueing them as we speak just out in front here
[11:31] {ese} a bunch of the sea lions herd the herring into traps set byf the others to watch
[11:31] {rambler} lots of money made on herring there in the past.....
[11:31] {Threei}  X invalidated but not off radar
[11:32] {Threei}  could be just recalibration, 54 break
[11:32] {dino} nke sm l .00
[11:32] {ese} ya....watched a couple of the big fishing boats go out yesterday morning......season is really short apparently 2/3 weeks only
[11:33] {rambler} short and $weet.....
[11:33] {Threei} Short Setup: X  54 break
[11:34] {Threei}  if stays under .10
[11:34] {ese} indeed....can't imagine that kind of money.......make enough for a whole year apparently
[11:34] {Threei}  milk trade candidate
[11:36] {Threei}  if goes as it looks, target is about final 53.40
[11:37] {Threei}  that was not exactly english, but you got the idea
[11:37] {Threei}  1:1
[11:37] {Threei}  half out .85
[11:38] {Threei}  stop to .05
[11:39] {Threei}  Putin: Military Action in Libya Remind of Crusades
[11:39] {Threei}  I'd say, his memory is too good... no need to go that far, look no farther than Iraq
[11:41] {davd} or look to Stalin
[11:41] {Threei}  next cover target is around .65 - .70
[11:43] {Threei}  dancing around 1:2
[11:43] {Threei}  isn't it amazing how these ratios work
[11:43] {Threei}  normally I'd be covering 1/4 here
[11:44] {Threei}  but this is milk trade
[11:44] {dino} good one
[11:45] {Threei}  ty
[11:46] {Threei}  1/4 more out
[11:46] {Threei}  +.25
[11:46] {Threei}  last piece plan: stop b/e, cover around .40 - .50
[11:48] {jfjf64} nice plan
[11:49] {jfjf64} ty
[11:49] {magoo} nice, with ya vad
[11:49] {jfjf64} me lk milk
[11:49] {Threei}  unless it's from Japan
[11:50] {strider} or buttermilk
[11:51] {magoo} or breast milkj
[11:51] {jfjf64} ya
[11:51] {strider} not that there's anything wrong with that.
[11:51] {magoo} not at all
[11:51] {strider} magoo....all milk is breast milk.
[11:51] {Threei}  except coconut?
[11:52] {jfjf64} dtop  clf
[11:52] {Threei}  larisa, feel free to slap them anytime
[11:52] {Threei}  because next thing you know they discuss coconut bras
[11:52] {Threei}  and grass skirts
[11:54] {dino} thongs
[11:54] {Threei}  parlamentary commitee found goverment in contempt... one step closer to election
[11:55] {Threei}  unless grandfather Lenin, aka Jack Layton says no
[11:55] {Threei}  sorry, canadian jokes... US brethren never saw the guy... his resemblence to Lening is striking
[11:55] {rambler} bring it on.....time to flush iggy back to harvard....
[11:59] {rambler} Vad, are you aware of Ignatieffs royal Russian family history...?
[11:59] {Threei}  yeah
[11:59] {Threei}, look at this guy
[12:05] {Threei}, look at this guy
[12:07] {rambler} doesn't want to load Vad
[12:07] {Threei}  copy with no ,
[12:08] {Threei}  anyway, don't you know how he lOOKS :)
[12:09] {rambler} something a little off there....
[12:10] {dino} teso spike
[12:18] {Threei}  (LB) Military Commander reiterates no US soldiers will enter Libya, will not provide air support for rebels; mission is clear- Notes that the no fly zone will soon be expanded to the Tripoli region
[12:30] {Threei}  you all fell asleep?
[12:30] {Threei}  'cause I'd be happy to as well
[12:31] {strider} go ahead.   I'll just yell "boo" every once in awhile.
[12:31] {Threei}  great, so before this day is over I'll be stuttering
[12:33] {strider} goes with muttering
[12:35] {Threei}  rhyming? poetry? how low can we go...
[12:35] {strider} well, if we go slow........
[12:38] {rambler} LVS short here Vad....?
[12:38] {Threei}  .35 break...
[12:39] {Threei}  I think so
[12:44] {strider} There was a young man from Nantucket....
[12:44] {strider} but I don't know what happened to him.
[12:45] {nemo} oy vay
[12:46] {strider} he wasn't Jewish, though, nemo.
[12:47] {strider} probably italian.
[12:47] {davd} only wasps in nantucket - no minorities allowed
[12:47] {nemo} not if he's from Natucket
[12:48] {strider} Irish-Italian
[12:48] {rambler} nope.....
[12:49] {dino} anything moving?
[12:49] {nemo} strider's mouth
[12:49] {dino} lol
[12:49] {Threei}  LVS treatens breakout
[12:50] {strider} Ok...was going to give you a really funny joke, nemo.  but,
[12:50] {strider} no.........................
[12:52] {Threei}  anyone went for that break, feel free to exit
[12:54] {dino} ffiv drop lod
[12:56] {Threei}  this is one convoluted twist:
[12:57] {Threei}  40% Recognize That Most Americans See Government As the Problem, 46% Say Thats Mostly a Conservative View
[12:57] {Threei}  31% Say They Owe More on Their Mortgage Than Their Home Is Worth
[12:57] {Threei}  Voters Trust Republicans More Than Democrats on Nine out of 10 Important Issues
[12:59] {strider} short rio .37
[13:02] {dino} ffiv sm l .75
[13:10] {Threei}  UBS AG Denying reported speculation that the company is trying to sell its US wealth division
[13:11] {dino} box spike
[13:12] {strider} rio stop to b/e
[13:13] {strider} out 1/2.07
[13:13] {strider} +.07
[13:14] {dino} gj
[13:14] {strider} not what I wanted
[13:14] {Threei}  this is what I say every morning looking in the mirror
[13:14] {strider} bwahahahaha
[13:15] {strider} that's not important, vad.   what does your wife say?
[13:15] {Threei}  I cover my ears before she manages to say anything
[13:16] {Threei}  so I am happily unaware
[13:16] {Threei}  blissfully even
[13:17] {strider} stop to .35
[13:17] {Threei}  the only thing ever penetrating my defenses is "You never listen!"
[13:17] {magoo} i  have to go for awhile, try to get back before close, ty vad
[13:17] {Threei}  yw mags
[13:21] {dino} icfi sm l .95
[13:27] {strider} bidding 1/4 .22
[13:27] {dino} ffiv stop
[13:27] {strider} out .21
[13:29] {strider} last 1/4 stop to .27
[13:30] {strider} bidding .11
[13:31] {strider} .12
[13:33] {strider} stop to .20
[13:34] {dino} deer drop
[13:34] {strider} out .12 in full
[13:34] {nemo} road kill?
[13:35] {strider} dream on, nemo
[13:38] {ese} .
[13:38] {dino} out icfi .30, +.35
[13:39] {Threei}  wtg
[13:39] {dino} ty
[13:39] {dino} ffiv rinsed again
[13:40] {dino} deer sm l .50
[13:44] {dino} deer stopped -.35
[13:46] {dino} sm l .00 deer
[13:47] {dino} out deer .44, +.44
[13:47] {Threei}  beauty
[13:48] {dino} ty
[13:48] {dino} too soon
[13:50] {Threei}  France fines Google for $137,000
[13:50] {Threei}  I don't even know what to say
[13:50] {strider} that's gonna set em back
[13:50] {Threei}  Google: we spend on bathroom tissues more per day
[13:56] {Threei}  20-40 cm snow for Calgary, Saskatchewan and Manitoba on alert
[13:56] {Threei}  sheesh... can't even imagine that anymore
[13:58] {RonS} got icfi .90 to .52 +.62 thanks dino
[13:58] {dino} wtg
[14:01] {dino} deer sm l .20
[14:04] {dino} ron, you on cyber?
[14:05] {Threei}  good one
[14:06] {dino} out deer .22, +.02 don't like it yet
[14:07] {dino} brb
[14:08] {RonS} no
[14:19] {dino} deer sm l .10
[14:20] {ese} rambler....ya still there
[14:21] {ese} you'll appreciate this......we were just watching some pleasure boat dufus cut to the inside of a bouy and get his boat stuck on the sand bar here
[14:22] {rambler} ooops...
[14:22] {dino} thats why magoo had to leave, he's driving that boat
[14:22] {Threei}  he should be thankful nemo is not there with you... he would turn it into target shooting opportunity
[14:22] {Threei}  lol
[14:22] {ese} between the spit at Deep Bay and the south end of Denman Island theres a sand bar that almost stretches right across to the island.......
[14:23] {ese} lol
[14:23] {ese} your suppose to take some kind of navigational courses before you go boating i thought
[14:23] {rambler} that's a tricky spot.....can't forget to hang a sharp left.....
[14:24] {rambler} ruins your day....
[14:24] {ese} good thing it's only sand out there
[14:25] {ese} signing off....some of you looked like you had a decent day......carry that on tomorrow will ya
[14:25] {rambler} cya ese....
[14:25] {Threei}  15,000 Tunisian Refugees Arrive To Italy; Italy Warns of Crisis
[14:25] {Threei}  you don't say
[14:25] {Threei}  take care ese
[14:25] {Threei}  drive careful over that Malahat
[14:26] {dino} gj es
[14:26] {ese} the whole flippin world is in crissis
[14:26] {Threei}  lest that dufus changes boat to car
[14:26] {ese} ya no kidding
[14:26] {ese} cya
[14:26] {Threei}  lord knows there is no lack of dufuses
[14:26] {Threei}  in all thinkable transpotration devises
[14:26] {Threei}  devices
[14:27] {Threei}  and magoo is roaming unchecked somewhere...
[14:27] {dino} lol
[14:27] {Threei}  hehe
[14:32] {nemo} ccj
[14:32] {Threei}  rambler... just watched question period
[14:32] {Threei}  I swear layton will kill election
[14:33] {rambler} must be a deal cooking......
[14:33] {Threei}  every pundit says election is unavoidable
[14:33] {strider} sh MEE .75
[14:33] {Threei}  I say layton doesn't want it and will kell it
[14:33] {Threei}  kill too
[14:34] {rambler} I think they see a possible Conservative majority......
[14:34] {Threei}  and even if not, NDP is looking at loss of 6 seats
[14:35] {Threei}  they need this election like rabbit - STTD
[14:35] {rambler} hopefully some of the island seats....
[14:35] {Threei}  X, watch for pullback under .10
[14:35] {Threei}  if happens, will try to pick it up as close to 54 as possible for bounce scalp
[14:37] {nemo} slw might be getting toppy
[14:38] {strider} MEE stop is .81 break
[14:39] {kschun} hello all, hope you had a nice weekend!
[14:40] {kschun} vad: in any trade?
[14:40] {strider} good weather here, ks.  what's it like there?
[14:40] {Threei}  hi ks
[14:41] {kschun} sun, sun, sun :-)
[14:41] {Threei}  not at the moment, watch X for pullback entry
[14:41] {strider} oh, sorry.
[14:41] {strider} :)
[14:41] {kschun} o.k.
[14:41] {kschun} :-)
[14:41] {dino} snow
[14:42] {strider} I'm sort MEE at .75,but nothing to get excited about.  stop is .82
[14:42] {strider} short
[14:42] {dino} long deer from .10
[14:42] {kschun} o.k. thanks strider!
[14:42] {kschun} sorry dino for the snow...
[14:43] {kschun} ncie one dino on DEER
[14:43] {strider} needs to break .69 now
[14:45] {strider} stopped .76
[14:45] {strider} -.01
[14:48] {strider} short fcx .44
[14:48] {Threei}  GIGM Ticks higher on circulation of website speculating that Congress may seek to move forward on internet gambling bill
[14:49] {kschun} long some SWC AT .12
[14:53] {strider} out 1/2 FCX +.12, .32
[14:54] {kschun} nice
[14:55] {strider} stop to .35
[14:56] {dino} gj
[14:59] {strider} 1/4 .28
[15:01] {kschun} vad: hit ratio for my stats? :-)
[15:01] {Threei}  you don't give me stats, I don't give you data {GGG}
[15:01] {nemo} vad slw might have topped out, working on lower high
[15:02] {Threei}  .90 break is a short trigger if stays under 42...
[15:02] {Threei}  my only concern is, I don't see anything beyond little scaklp there
[15:02] {Threei}  not sure it's worth the risk
[15:03] {Threei}  I think 1 stop, ks,
[15:03] {kschun} o.k. thanks :-)
[15:03] {Threei}  out of 5 or 6 calls, not sure
[15:03] {Threei}  my math is fuzzy on Mondays
[15:03] {kschun} nice man!
[15:03] {strider} out bal fcx .35 +.09
[15:03] {kschun} just wanted to report stats, fortunately you was faster then me... :-)
[15:03] {Threei}  and we had a few invalidations, so I may have forgottent something
[15:04] {kschun} all o.k. - nice - business as usual!!!
[15:04] {strider} dino's been shooting deer out of season
[15:05] {kschun} :-) - he is right
[15:05] {Threei}  strider, don't feel bad, it's a wonder that you squeezed even this out of it
[15:05] {kschun} 1:1 or about 1:1.5 in SWC
[15:06] {Threei}  really? 1:1.5 at 7 cents profit?
[15:06] {Threei}  man, you are easily satisfied :)
[15:06] {kschun} stop was .08. out at ~ .18
[15:06] {kschun} I know :-)
[15:07] {kschun} last hour - I take all what is at least 1:1...
[15:07] {kschun} have too...
[15:07] {kschun} as I traded at the opening I traded completely different
[15:07] {kschun} lowever hit ratio but always target of about 1:3
[15:07] {kschun} wider stops
[15:07] {Threei} Short Setup: SLW  .90 break
[15:08] {Threei}  just a scalp most likely
[15:08] {Threei}  cool, that's how we like it
[15:08] {nemo} if it get's past .75 .60 then .50 or so
[15:08] {Threei}  trading for 3-4 cents, it's a perversion
[15:09] {nemo} perfect for you
[15:09] {Threei}  sometimes, in specific situations, on big shares - sure
[15:09] {strider} kinky traders, LLC
[15:09] {Threei}  you mean those that go through the churm at the mind-boggling rate and speed
[15:09] {nemo} which doesn't say much for us
[15:10] {Threei}  you have no idea nemo, unless you know those operations
[15:11] {nemo} oy frickin vay
[15:12] {Threei}  why do I have feeling Ron shorted SLW at .98
[15:12] {jfjf64} wish i did
[15:12] {RonS} nah, i am passing...
[15:13] {strider} too much information
[15:13] {Threei}  lol
[15:14] {RonS} btw, didya hear that one of the main destroyers that cruised Libya was my family's namesake?
[15:14] {Threei}  hmm?
[15:14] {RonS} USS Stout...DDG55
[15:15] {Threei}  any relation?
[15:15] {kschun} wanted to go for more before in my trade, just did not like market on the long side too much...
[15:15] {RonS} named after my father's cousin...
[15:15] {Threei}  wow, cool
[15:16] {RonS} went to the commissioning in 1994...the thing has two 4000HP engines
[15:16] {RonS} can go 60 mph on the open sea...and must have since it was in VA on March 1st
[15:17] {jfjf64} slw  looks  heavy
[15:17] {dino} cool ron
[15:18] {Threei}  no wonder... imagine 8000 horses equipped with paddles hauling it
[15:18] {kschun} nice one on SLW vad
[15:18] {Threei}  feel free to cover as you see fit guys
[15:18] {RonS} funny visual
[15:18] {dino} autc a bit wide
[15:18] {kschun} took 1:2
[15:18] {Threei}  I don't have asny feel for how far it can go
[15:18] {dino} gj
[15:19] {kschun} at support right now
[15:19] {dino} deer stopped
[15:19] {Threei}  in hihglights?
[15:19] {dino} lol. tough trader
[15:22] {Threei}  1:1
[15:22] {kschun} SLW probably loosing this support level at .80
[15:23] {kschun} $ADD divergence too SPY
[15:23] {kschun} setting higher low
[15:26] {jfjf64} ty vad
[15:26] {Threei}  welcome sir
[15:26] {Threei}  notice again how unusually polite I am today...
[15:26] {Threei}  somefing's wrong with me
[15:26] {kschun} proably wrong type of breakfast...
[15:27] {strider} no.  you just realized that we're all armed.
[15:27] {Threei}  tat would only make me arm myself too
[15:27] {rambler} dino, check out PRAN.....
[15:27] {strider} And, an armed society is a .....well, you know.
[15:27] {Threei}  PRAN had news in the morning... I spted I think
[15:27] {Threei}  posted
[15:27] {kschun} all out SLW at .82.
[15:27] {strider} But you're in Canada.........where they protect you from such foolishness.
[15:27] {kschun} it's industry looking too strong to me
[15:28] {jfjf64} lvs   short
[15:28] {jfjf64} ?
[15:28] {rambler} 5000 of those would make your day....
[15:28] {Threei}  not here jf
[15:29] {dino} i don't usually trade under 5 stocks rambler
[15:29] {rambler} probably a good policy......
[15:30] {dino} autc getting tagged
[15:30] {jfjf64} later all
[15:31] {Threei}  see you tomorrow jf
[15:31] {dino}  cya jf
[15:31] {kschun} great eve jf!
[15:33] {jfjf64} im startin too worry  3i    
[15:33] {kschun} SWC finally trying to go where I thought it would go...
[15:33] {jfjf64} too polite
[15:35] {Threei}  I know
[15:35] {Threei}  troublesome
[15:36] {dino} peculiar
[15:44] {Threei}  SLW, bounced off 1:1 and proceeded to make new highs
[15:44] {Threei}  idea to take scalp was right on money
[15:44] {Threei}  in more ways than one
[15:49] {Threei}  jf was right about LVS
[15:56] {dino} out aa +.08
[15:58] {rambler} bot some PRAN for ON hold....
[15:59] {kschun} out SWC rest 50%
[15:59] {kschun} yeah, sick volume in it rambler
[16:00] {kschun} any news?
[16:00] {Threei}  ok guys, thank you all
[16:00] {rambler} yup,could be good tomorrow....
[16:00] {Threei}  have a good evening, see you tomorrow
[16:00] {larisa} bye :)
[16:00] {kschun} o.k. thanks vad, thanks to all!
[16:01] {rambler} thanks Vad, goodnight all.....
[16:01] {kschun} vad: just buying taoist trader  :-)
[16:02] {dino} thx all, good time