Wednesday, March 23, 2011

Mar 23 2011

Positive but uneventful day. The only interesting thing was somewhat unusual entry on one of the trades. Check out CAT short at 14:14, and explanation at 14:30

Session Time: Wed Mar 23 00:00:01 2011
[08:50] {Threei}  (JP) Japan Nuclear Agency: Radiation at the reactor No2 is the highest recorded to date
[09:00] {davd} waiting fro potugal vote on austerity re us dollar
[09:01] {davd} alos water in tokyo has trace amts
[09:01] {davd} the quick brown fox jumped over the lazy dog
[09:01] {nemo} You've been here too long davd
[09:01] {nemo} yep
[09:02] {davd} see above
[09:02] {nemo} yep
[09:02] {Threei}  lol
[09:02] {Threei}  morning guys
[09:02] {Threei}  last from Portugal:
[09:02] {Threei}  (PO) Portugal PM: Govt workers and employers have agreed on labor rule adjustments
[09:04] {davd} 11am est re portugal accept or reject plan
[09:05] {nemo} qqqq has changed to qqq
[09:06] {strider} everybody's having to cut back.
[09:06] {Threei}  rofl
[09:06] {Threei}  AIG CEO: Have not heard back from Fed in regards to its bid for previously held subprime assets, but offer is fair
[09:07] {Threei}  drinking water contamination in Tokyo
[09:07] {Threei}  nigtmare all over again...
[09:08] {Threei}  the whole water supply system had to be replaced in my city after Chernobyl
[09:08] {RonS} nemo, tck cut its 2011 shipment forecast
[09:08] {Threei}  to change away from the basin contaminated with radiation
[09:08] {RonS} cree whacked on outlook cut
[09:10] {RonS} mobi up on sohu deal
[09:11] {davd} gaza israel tensions higher than usual
[09:11] {Threei}  and in case you thought things started quieting down,
[09:11] {Threei}  (IS) Explosion heard in Jewish neighborhood in Jerusalem - local press
[09:11] {Threei}  ***Reminder: On March 19th, Hamas militants in Gaza fired over 50 rockets into Israel, in the biggest barrage in two years. A Hamas member and four civilians were killed in an Israeli counterattack.
[09:14] {dino} gm all
[09:15] {Threei}  dino :)
[09:16] {davd} Canadian Government Likely to Fall!  DJ Realtime
[09:17] {Threei}  yup
[09:17] {Threei}  idiots opposition decided to trigger an election when the goverming party is at the peak of its popularity
[09:17] {davd} hopefully al queda wont take over canada
[09:19] {patience} elizabeth taylor has passed away...
[09:20] {nemo} good...her health had been failing miserably
[09:20] {davd} thats the least bad news yet :(  great actress loved everything she did
[09:23] {Threei}  larisa :)
[09:24] {larisa} gm :)
[09:24] {davd} shit fin bus in jerusalem
[09:25] {davd} f'in
[09:25] {rambler} morning all...
[09:25] {Threei}  rambler :)
[09:27] {Threei}  Detroit lost 25% of its population in a decade
[09:27] {RonS} pop now same as 1910
[09:28] {Threei}  bus totally destroyed in Jerusalim, first report says no survivors
[09:28] {magoo} morning
[09:28] {Threei}  mags :)
[09:29] {Threei}  my connection is shaky
[09:29] {Threei}  no opening ideas other than maybe SLW short
[09:30] {ese} morning.....back in ivctoria
[09:30] {Threei}  welcome back ese
[09:30] {ese} was a nice little get away
[09:30] {Threei}  mine is in a week and a half
[09:31] {_svetlanab} morning
[09:31] {Threei}  svetlana :)
[09:32] {jfjf64} yello
[09:32] {Threei}  jf :)
[09:34] {Threei}  crap...
[09:34] {Threei}  sorry guys, not sure I see real quotes, too jerky... you are on your own for now
[09:35] {Threei}  on the phone with ISP support, they say abnormal packet loss
[09:35] {nemo} mmhhhh...that's what they said about my neural condition
[09:36] {Threei}  if anyone finds trades, share pls
[09:36] {Threei}  consider it training for the first 3 days of Apr while I am away
[09:37] {strider} fcx gap .50 range.  has not closed gap
[09:38] {Threei}  YONG Weakness attributed to another blog article raising "red flags" about YONG
[09:39] {rambler} SPPI  OMER running........
[09:39] {dino} opticals green, fnsr, jdsu, oclr, ffiv
[09:39] {Threei}  SOMX...
[09:40] {strider} fcx trying to close gap
[09:40] {strider} .30 to go
[09:41] {nemo} stj
[09:41] {rambler} CIGX flagging
[09:42] {dino} ipi sm l .00
[09:42] {rambler} TZA   FAZ soar....
[09:42] {dino} jdsu sm l .00
[09:42] {nemo} you should write headlines
[09:43] {rambler} IRM..
[09:43] {davd} copper up big re fcx
[09:44] {Threei}  TINY... been a while since this one appeared on a radar
[09:44] {RonS} too small to see?
[09:44] {Threei}  I guess
[09:44] {Threei}  nano
[09:47] {jfjf64} rimm.95 long
[09:47] {Threei}  (US) Preview: Feb New Home Sales expected at 10:00 ET
[09:47] {Threei}  **Consensus expectation: 290Ke v 284K prior
[09:48] {dino} sm l pvh .00
[09:48] {ese} L jbl .58
[09:48] {Threei}  conflicting reports about survivors in the bus explosion; second one says 20-30 wounded, no deaths
[09:49] {ese} out jbl .83
[09:49] {ese} +.24
[09:50] {Threei}  ISP says normal now
[09:50] {dino} gj es
[09:51] {nemo} stj .00 break long?
[09:51] {ese} tks....another one of them fast movers
[09:51] {Threei}  two-sided STJ
[09:51] {ese} no sooner do i type the call and it goes nuts
[09:51] {Threei}  short seems to be more likely to me
[09:52] {Threei} Short Setup: SLW  .80 break
[09:53] {Threei} Short Setup: X  .70 break
[09:53] {RonS} wtic 105.80
[09:54] {ese} L ctas .51
[09:54] {Threei}  X invalidated
[09:54] {Threei} Long Setup:  RIMM  .80 break
[09:55] {Threei}  if stays above .70 scalpers, .65 day traders
[09:55] {Threei}  SLW invalidated
[09:58] {jfjf64} comon  rimm
[09:59] {Threei} Short Setup: FCX  .40 break
[09:59] {Threei}  if stays under .50
[09:59] {Threei}  two-sided actually
[09:59] {Threei}  .50 break long
[10:00] {Threei}  bad home sales
[10:00] {jfjf64} hmmmmmmm
[10:00] {Threei}  *(US) FEB NEW HOME SALES: 250K V 290KE
[10:00] {RonS} missed
[10:00] {Threei}  FCX 1:2 in a blink
[10:00] {strider} you get it?
[10:01] {Threei}  no
[10:01] {strider} rimm short?
[10:01] {Threei}  it whizzed by while I was copying home sales heandline
[10:01] {Threei}  no, RIMM is holding rather well
[10:01] {Threei}  reinforces long
[10:01] {patience} third out goldcorp
[10:02] {Threei}  anyone got FCX?
[10:02] {nemo} short at .44
[10:02] {Threei}  cover at will
[10:02] {Threei}  {--- great at giving useless advice
[10:03] {nemo} covered at .05
[10:03] {Threei}  wtg
[10:03] {nemo} saw huge offer at .50 it couldn't break, and I have a resistance line drawn in there
[10:03] {nemo} I should stop for the day
[10:04] {dino} stop pvh -.38
[10:04] {nemo} Iwm long .15
[10:04] {nemo} stop under .10 probably .08
[10:05] {RonS} nemo, ya feel like baseball thrown at head the you hit out of park?
[10:05] {nemo} 1/2 .30
[10:05] {nemo} I've been hit in the head so many times, it's numb
[10:05] {rambler} sold SPPI ...+.21
[10:06] {Threei}  FCX is getting killed
[10:06] {nemo} rimm might be long above .72
[10:06] {Threei}  RIMM looks better and better
[10:06] {RonS} x heavy
[10:07] {Threei}  if triggers final target is about 62.30 at least
[10:07] {nemo} long .73 small
[10:08] {nemo} Qs got me worried
[10:08] {Threei}  (PO) Dealer chattter circulating of a possible postponement to the austerity vote in Portugal
[10:10] {nemo} not liking rimm out .74
[10:10] {nemo} out iwm
[10:11] {davd} no fatalities in jerusalem
[10:13] {Threei} Short Setup: X  .40 break
[10:13] {Threei}  half lot
[10:13] {Threei}  if stays under .50
[10:13] {Threei}  RIMM invalidated
[10:14] {davd} nemo next support s&p 1276?
[10:15] {dino} eqr sm l .49
[10:15] {dino} gap 1279
[10:15] {dino} then 1273
[10:16] {nemo} trendline and weekly/daily pivot support spy .35
[10:16] {Threei} Short Setup: RIMM  .50 break
[10:17] {Threei}  (PO) Dealer chattter circulating of a possible postponement to the austerity vote in Portugal
[10:17] {ese} i was terminated
[10:17] {Threei}  RIMM invalidated again
[10:17] {Threei}  not even speaking of X
[10:17] {ese} ctas performing nicely
[10:18] {jfjf64} lot of  invalids today
[10:19] {Threei}  yeah, word of the day
[10:19] {Threei}  wow, Merkel...
[10:19] {Threei}  (GE) Germany Chancellor Merkel: Japan situation proves that the faster the country moves away from nuclear energy the better
[10:19] {ese} out 1/2 .81 +.30
[10:19] {ese} ctas
[10:19] {Threei}  wtg
[10:20] {RonS} cree blood
[10:20] {Threei}  CREE looks bottomless to me
[10:20] {RonS} yep
[10:20] {RonS} or yeap
[10:21] {ese} at least to 38.50
[10:21] {Threei}  nothing but air for quite a while under it
[10:21] {nemo} 41
[10:22] {Threei}  volatile...
[10:22] {Threei}  but tempting short
[10:22] {ese} out ctas in full .95 +.45
[10:22] {Threei}  all these bottom hunters will bail out big time when support fails
[10:22] {RonS} gj
[10:22] {ese} tks
[10:22] {Threei}  maybe half lot try
[10:22] {davd} oil report 10:30am est
[10:23] {Threei} Short Setup: CREE  .10 break
[10:23] {Threei}  half lot
[10:23] {Threei}  if stays under .25
[10:24] {magoo} u'd be 5 for 5 if all invalides were reversed lol
[10:24] {Threei}  lol
[10:24] {Threei}  so why not trade fade
[10:24] {RonS} Costanza
[10:26] {Threei}  in many cases fade is a valid trade
[10:26] {Threei}  here comes CREE
[10:27] {magoo} u sh cree from .10?
[10:28] {Threei}  took aggressive on .20 break
[10:28] {magoo} ah, nice
[10:30] {Threei}  *DOE CRUDE: +2.1M V +2ME; GASOLINE: -5.3M V -2ME;
[10:30] {patience} another third out of goldcorp
[10:31] {Threei}  CREE on final descent
[10:32] {Threei} Short Setup: RIMM  .50 break
[10:33] {Threei}  EUR/USD Dealer chatter circulating of a think tank report report favorable on peripheral Europe
[10:33] {Threei}  really?
[10:33] {Threei}  covered CREE .83
[10:33] {Threei}  +.35
[10:34] {magoo} i took .75
[10:34] {magoo} ty nice
[10:34] {Threei}  :)
[10:34] {magoo} from .10 tho
[10:34] {nemo} Qs at resistance
[10:34] {Threei}  who is in those think tanks, I want to know
[10:34] {Threei}  sounds so intimidatingly-intellectual
[10:35] {nemo} fcx DT?
[10:35] {Threei}  not sure
[10:35] {Threei}  "think-tank"... sheer brain power ironing out everything in its way
[10:36] {Threei}  in reality must be three nerds churing out papers to keep those grants going
[10:40] {dino} actually its one of those reality tv shows
[10:41] {davd} think tank = chess club.  probably a bit smarter than everyone else, but nobody cares
[10:41] {dino} the intellectuals are the problem, they get in the way
[10:41] {Threei}  when I played chess no one called me a big thinker... let alone in tank... :(
[10:41] {Threei}  everyone called me a geek
[10:42] {Threei}  luckily, girls liked geeks at that point in history
[10:42] {strider} where'd you get your chickens?
[10:43] {Threei}  take that, nerds
[10:43] {Threei}  checkens?
[10:43] {strider} look up original meaning of geek
[10:44] {strider} circus performer who bit heads off chickens
[10:44] {Threei}  sounds about right
[10:45] {patience} out the last third of goldcorp, will pick it up later
[10:45] {Threei}  die already RIMM
[10:46] {Threei}  hakf out
[10:46] {Threei}  .38
[10:51] {Threei}  scalpers win
[11:02] {Threei}  (US) Fed's Fisher: Must be careful prices do not take hold like they seem to have done in the UK and Europe
[11:02] {Threei}  not sure I understand what he means
[11:03] {RonS} another report detailed how he personally surveys 50 executives and he is findking 100% of them are raising prices
[11:07] {Threei} Long Setup:  SLW  44 break
[11:09] {dino}  ipi to .39
[11:12] {strider} out fcx lopng .30 to .69
[11:13] {strider} long also
[11:13] {dino} gj
[11:14] {dino} ipi to .44
[11:15] {strider} is slew stop below .80?
[11:15] {strider} jeez...slw
[11:16] {strider} using vad's typing techniques
[11:16] {dino} out ipi +.44
[11:16] {Threei}  originally, .85,
[11:16] {strider} with elbows
[11:16] {Threei}  but I hope it puts .90 support in before breaking
[11:16] {strider} k
[11:16] {Threei}  hey, I already advanced from that - I type with knees now
[11:17] {Threei}  and firmly intend to practice typing with swimming fins put on my hands
[11:18] {Threei}  invalidated
[11:19] {Threei}  certainly the word of the day
[11:22] {Threei} Short Setup: MCP  .85 break half lot
[11:22] {Threei}  if stays under 53
[11:22] {Threei}  51
[11:25] {strider} fcx hod
[11:25] {strider} dbl top
[11:26] {strider} probably up more at some point, imo
[11:30] {Threei}  no go MCP
[11:31] {strider} couldn't short mcp.....good thing, this time.
[11:31] {strider} I'm seeing lots of stocks not in short list......I'm wondering if this means they're being shorted on longer term basis......ya reckon?
[11:32] {strider} And might that mean something?
[11:32] {Threei}  can't really conclude anything from such a small sample
[11:33] {rambler} bot KERX 4.65...
[11:36] {rambler} bot SYMX   2.17
[11:38] {dino} kub odd action, clunky
[11:41] {nemo} x forming pennant
[11:44] {strider} PIR takeover chatter
[11:45] {RonS} ...they are a hot retailer right now...
[11:45] {Threei}  (CA) Canada PM: Budget is critical for maintaining financial security and promoting growth, regrets opposition's rejection of budget
[11:45] {Threei}  (CA) Canada PM: Oh, and thanks for giving me the best shot at majority I could possibly hope for. Can't believe you walked into this trap, suckers
[11:46] {rambler} out SYMX   +.10
[11:48] {dino} gj
[11:50] {strider} short akam .66
[11:51] {ese} L noc .40
[11:53] {dino} kub sm l ave .96
[12:02] {strider} fcx a salmon today
[12:10] {Threei}  it was waiting for you to say that
[12:10] {strider} looking kind of fishy now
[12:11] {davd} notice it as well - thanks strider
[12:11] {strider} :)
[12:14] {Threei}  rambler, see CBC?
[12:15] {rambler} yup...
[12:15] {rambler} what a joke...
[12:15] {Threei}  professor wags his fingers at silly students
[12:16] {ese} out noc .34 -.06
[12:16] {ese} got tired of waiting on that one
[12:17] {nemo} pot break .45?
[12:17] {Threei}  probably, yes
[12:17] {ese} beauty.....your place or vads?
[12:17] {Threei}  rofl
[12:17] {Threei}  good one ese
[12:18] {ese} tks.......great setup by nemo
[12:18] {ese} usually i'm the one on the other side of nemo's quick wit
[12:18] {nemo} in .46
[12:18] {nemo} lunchtime though,
[12:19] {Threei}  he repeated word "flagrant" twice in 3 minutes
[12:19] {davd} viz { 20
[12:19] {Threei}  will he resonate with perestrian voters?
[12:19] {davd} vix too
[12:19] {Threei}  these harward types...
[12:20] {rambler} hard to watch...
[12:21] {nemo} that was good ese...
[12:21] {nemo} first partial aiming for .58-.59
[12:22] {magoo} back, comp crash
[12:22] {Threei}  gremlins?
[12:22] {magoo} yeah
[12:23] {magoo} like once a day it seems
[12:23] {ese} tks
[12:25] {Threei}  comment from bizarro world:
[12:25] {Threei}  (IS) Egyptian Foreign Ministry: Israel should not rush into military operations in Gaza, could lead to escalation of conflict with Palestinians
[12:26] {nemo} 1/2 .59
[12:26] {Threei}  1:3 POT
[12:26] {nemo} spy going to .45 likely
[12:26] {Threei}  beautiful call
[12:26] {Threei}  nemo runs the room while I am away
[12:26] {nemo} yeah....
[12:26] {nemo} into the ground
[12:26] {Threei}  wherever you choose, you run it
[12:27] {dino} eqr to .79
[12:27] {Threei}  but think of it this way:
[12:28] {Threei}  as you run it into the ground, dino takes over and buyes the bottom for reversal
[12:28] {Threei}  (PO) Portugal PM Socrates to release a statement at 16:00ET
[12:30] {Threei}  POT sharp spike
[12:30] {nemo} 1/4 more .80
[12:30] {Threei}  I'd be out in full
[12:30] {nemo} 100 left on the house
[12:31] {nemo} alright, out
[12:31] {dino} pvh big old rinse
[12:31] {nemo} forgot, should have stayed in, I said spy going to .45
[12:31] {nemo} should take it with
[12:31] {dino} to .90 eqr
[12:32] {dino} lot of ways to skin a cat vad
[12:32] {Threei}  don't I know hat
[12:33] {dino} ;)
[12:33] {rambler} lenin speaks...
[12:33] {dino} morning gaps filled
[12:33] {Threei}  the only thing I reject with unyielding resolve is borccoli
[12:33] {davd} brent hod re dbo
[12:35] {dino} just had celery w/peanutbutter
[12:37] {dino} out eqr reverse slip .91, +.41
[12:38] {nemo} pot short anybody?
[12:38] {nemo} watching IWM for DT
[12:39] {nemo} jnpr looking short
[12:41] {dino} mkt wants up
[12:42] {nemo} yeah, but looking for top spy .45 iwm .05 area
[12:43] {strider} long fcx .31 out 1/2 .41
[12:44] {strider} stopped akam ealier...forgot to post.
[12:46] {Threei}  POT is trying to make a H&S
[12:47] {rambler} bot symx again....2.27
[12:48] {Threei}  another comment from bizarro world:
[12:48] {Threei}  (CA) Canada's Bloc Quebecois Party Leader: No longer trusts the govt, will vote against the govt
[12:48] {Threei}  this is from party whose official purpose is to break Canada up
[12:49] {ese} am outta here for a few hours....might see you later
[12:49] {Threei}  to the rest of Canad it should mean: if he doesn't trust the goverment, it's a good goverment
[12:49] {Threei}  take care ese
[12:49] {dino} cya es
[12:49] {rambler} you got it 3i......only in Canada....
[12:50] {rambler} nuts....
[12:50] {Threei}  yeah, Bloc Quebecois is probably unique in the world
[12:51] {Threei}  federal party sitting in federal parlament, financed by federal taxpayer and voting on federal laws - created to eliminate fedration
[12:59] {rambler} sold symx  another .10
[13:00] {strider} X
[13:01] {Threei} Short Setup: SLW  .50 break
[13:01] {Threei}  if stays under .65
[13:03] {strider} fcx drop
[13:04] {Threei} Short Setup: MOS  .10 break half lot
[13:05] {rambler} in slw...44.49
[13:07] {Threei}  target is about 1:2
[13:07] {dino} nog
[13:07] {Threei}  MOS 1;1
[13:08] {dino} gj
[13:10] {davd} dont ususally watch this but  RIMM end of week 62.5 price is 2.1
[13:11] {RonS} that clears that up
[13:11] {dino} indeed
[13:11] {strider} don't let that get out.
[13:11] {RonS} rotflol
[13:12] {davd} i knew you were wondering.  someone looking for a good 21/2 days
[13:12] {Threei}  let's trail SLW stop to above .60
[13:16] {dino} nog sm l .00
[13:17] {Threei}  out
[13:20] {Threei}  third comment out of bizarro world:
[13:20] {Threei}  Obama Hopes Rebels Can Overthrow Ghadafi
[13:21] {dino} idiot statement, otherwise why we there
[13:22] {RonS} to spend more Chinese money...
[13:22] {Threei}  it is... but still, today's rewasrd for Daily Dose of Idiocy goes to:
[13:22] {Threei}  (IS) Egyptian Foreign Ministry: Israel should not rush into military operations in Gaza, could lead to escalation of conflict with Palestinians
[13:22] {dino} for the almonds
[13:23] {davd} IM aaauming the statement didnt come from the interior ministry building
[13:23] {dino} lol
[13:23] {dino} from a cb radio
[13:25] {dino} out kub .60, +.64
[13:25] {Threei}  Ex-Ukraine President Denies Role in Journalist Murder
[13:25] {RonS} gj
[13:25] {dino} ty
[13:26] {Threei}  anyone exocted him to say "yeah, I ordered him dead"?
[13:30] {Threei}  (FR) Eiffel Tower in Paris evacuated due to bomb threat - press
[13:32] {Threei}  this is interesting:
[13:32] {Threei}  Yahoo! Inc Testing new search feature that display instant results as you type - financial press-
[13:32] {Threei}  This would be similiar to the search update Google implemented, "Google Instant," introduced last Sept.
[13:32] {Threei}  - Follow up: Yahoo formally announces Search Direct. This new feature, currently in beta, taps into Yahoo!s unique opportunity to combine content and structured data and to provide a rich search experience. Search Direct predicts search results as fast as a person types, character by character, and presents those results dynamically, generating a fast, simple search experience that goes beyond a list of blue links. Search Direct rolls out in a public beta to Yahoo! users across the U.S. today, and will be available in other Yahoo! products and markets later this year.
[13:52] {dino} .
[13:55] {davd} you mean they steal google searches too?
[13:56] {Threei}  I am playing with their search
[13:56] {Threei}  it looks just as good as google
[13:58] {Threei}  friking SLW
[13:58] {Threei}  rinsed
[13:59] {Threei}  my fault actually
[13:59] {Threei}  shouldn't have tightened stop
[13:59] {Threei}  hit target 1:2
[14:03] {Threei}  what, no one to cast a stone??
[14:04] {nemo} hehehehe, spy and IWM hit targets and pulled back
[14:14] {Threei} Short Setup: CAT  107 break
[14:14] {Threei}  half lot
[14:16] {Threei}  Attention:  CAT  add half lot on .95 break
[14:16] {Threei}  stop above .10 for now
[14:17] {Threei}  oh god
[14:17] {Threei}  (LB) NATO Diplomat: Envoys not in agreement on command over Libya operations
[14:17] {Threei}  imbeciles
[14:17] {nemo} What a CF
[14:18] {Threei}  full lot now
[14:20] {kschun} hy all!
[14:20] {Threei}  hi ks
[14:21] {strider} 1st target?
[14:21] {kschun} are you in any trade?
[14:21] {Threei}  want couple more cents strider
[14:21] {Threei}  alternatively, treat each half as separate tyrade
[14:21] {strider} .85?
[14:21] {Threei}  1:1 for first half
[14:21] {Threei}  right here
[14:22] {Threei}  covered half
[14:22] {Threei}  .86
[14:22] {strider} .85
[14:22] {Threei}  short CAT, ks
[14:22] {Threei}  stop to above 107
[14:22] {Threei}  somewhat unusual method of entry guys, I'll explain thinking process when done
[14:23] {Threei}  well, whatever goes for thinking in my case
[14:23] {kschun} ah thanks vad
[14:24] {dino} nxy drop
[14:26] {Threei}  out second half
[14:26] {dino} nxy sm l .76
[14:26] {Threei}  oversat a bit, it reached it's 1:1 too
[14:26] {Threei}  got greedy
[14:30] {Threei}  OK, the idea behind this way of entry:
[14:30] {Threei}  things are quite shaky, movements are pretty random,
[14:31] {Threei}  so I didn't want to commit to a trade before it proved itself,
[14:31] {Threei}  especially wirh we are talking about liquid stock like CAT, with tight enough stop
[14:31] {nemo} spy and iwm hare hanging around their daily pivot, but spy hitting trendline
[14:31] {Threei}  so, what I wanted to do wasL
[14:31] {Threei}  take "test" shares, half lot, with tigt stop,
[14:31] {Threei}  then either get stopped on half lot
[14:32] {dino} random dance markets
[14:32] {Threei}  or add another half IF it proves itself by moving our way, bouncing, then brteaking this new mini-support
[14:32] {Threei}  so it triggered,
[14:32] {Threei}  bounced off .95,
[14:33] {Threei}  topped out at .04 or so
[14:33] {nemo} gmcr popped
[14:33] {Threei}  and break of .95 became a triogger for second half
[14:33] {Threei}  strictly speaking, at that ppint stop could be trailed to this new resistance, .05
[14:33] {Threei}  or left in place.
[14:34] {Threei}  Worked out nicely, excpet I slept through second exit
[14:34] {nemo} tck
[14:34] {Threei}  but that's advanced age problem, falling asleep at random moments
[14:34] {nemo} long .66?
[14:34] {Threei}  50/50
[14:34] {nemo} in
[14:35] {Threei}  any questions about that one?
[14:35] {Threei}  it's not exactly our cookie-cutter trade, so making sure you understand the, umm, thinking
[14:36] {strider} there was thinking?
[14:36] {Threei}  see the "umm" part
[14:36] {strider} ummm...
[14:38] {nemo} frickin stopped dead
[14:39] {Threei}  (PO) IMF: Received no request from Portugal for financial assistance
[14:39] {Threei}  Portugal: Of course not - we have no money for a phone call
[14:39] {kschun} :-)
[14:40] {kschun} thanks for explanation of setup in CAT vad!
[14:41] {Threei}  sure thing
[14:42] {nemo} .67 is the level in tck
[14:44] {dino} nxy stop is .59 fwiw
[14:47] {strider} sh HES .52
[14:48] {nemo} tck is boring me to tears
[14:50] {kschun} 2:1 in BA
[14:50] {strider} stopped hes .64
[14:50] {dino}  gj ks
[14:51] {nemo} 1/2 .76
[14:51] {dino} gj
[14:51] {kschun} thanks
[14:51] {kschun} first trade was a looser, this one was o.k.
[14:51] {kschun} had patience, h
[14:51] {nemo} one "o"
[14:51] {kschun} patience probably the next "thing" I have to work on
[14:51] {nemo} leave patience alone
[14:52] {kschun} :-)
[14:52] {strider} UNP long .07
[14:53] {patience} patience is booking the day's profit within the first hour and then watching the ruddy market the rest of the day
[14:53] {strider} stop below .94
[14:53] {dino} nxy to b/e
[14:54] {dino} smart gal that patience
[14:54] {dino} dino just gringing away
[14:54] {kschun} @patience: goood job man!
[14:55] {RonS} look x
[14:55] {nemo} 1/4 more .86
[14:55] {dino} out nxy .79, +.04
[14:55] {nemo} high .89 could be fun
[14:55] {RonS} uhh, she's a lady...
[14:55] {patience} ty dino...i'm unclear about trading my favourite precious medals stocks with expiry on monday....i'll wait it out
[14:55] {dino} +.03
[14:56] {dino} you know your game ;)
[14:56] {dino} the game the game, nothing quite the same, all that really matters is the game
[14:58] {nemo} In Vad vernacular My A$$ is out .95
[14:58] {Threei}  great... made me look it up
[14:59] {strider} A$$?
[15:00] {dino} gj
[15:00] {dino} nog to .89 can't get it to move
[15:04] {dino} takes forever to get 30 cents today
[15:04] {Threei}
[15:04] {Threei}  place of the Whistlewr conference
[15:06] {dino} very nice
[15:07] {Threei}  looks fantastic
[15:07] {Threei}  looking forward
[15:09] {dino} would really like to attend, but don't know if i can yet
[15:11] {dino} the weather here sucks, 4" on monday, today 4" and tonight calling for 8" more
[15:11] {dino} snow
[15:11] {Threei}  grr
[15:12] {dino} brrr
[15:12] {dino} runing about 6 degrees below normal since december
[15:13] {dino} glad i switched to nat gas from oil
[15:16] {nemo} spy ging for daily r2 pivot resistance and weekly R1  .14-.20 area
[15:17] {dino} out nog .10, +.10
[15:19] {dino} gap s/p at 1304
[15:20] {patience} watching bnn, nonstop snow all day falling behind the commentator, and i've switched over to flip flops now.  think of it this way Dino, I have incredible pressure from the neighbours to mow the lawn every week
[15:20] {dino} jdsu to b/e
[15:21] {dino} would rather be mowing than shovelling
[15:21] {dino} heading to north carolina in two weeks for golf respite
[15:22] {patience} trees were blooming in charlotte 2 weeks ago when i landed there
[15:22] {dino} nice
[15:22] {dino} i'm at sunset beach, just 5 miles from n.myrtle
[15:24] {RonS} uhh, tell a dumb former west coaster how you get a sundet beach on the east coast?
[15:24] {RonS} sunset
[15:25] {dino} lol ron
[15:25] {Threei}  hah
[15:25] {Threei}  interestging thought
[15:26] {Threei}  does it mean they don't have sunsets at all the east coast, and we should have sunrises on west one?
[15:26] {Threei}  shouldn't
[15:26] {kschun} Vad: 3 best trading books (you can't mention your owns :-) out there?
[15:26] {dino} perpetual sun rising
[15:26] {Threei}  why 3?
[15:26] {Threei}  why not 1 or 5?
[15:26] {kschun} 3
[15:26] {Threei}  Ok
[15:26] {RonS} lol
[15:27] {kschun} :-)
[15:27] {Threei}  providing that you realize that mine are still the best,
[15:27] {kschun} I know this would come... :-)
[15:27] {Threei}  1. Reminiscences
[15:27] {Threei}  2. Trading in the Zone
[15:27] {dino} trading in the zone, way of turtle, and reminiscences of a stock operator
[15:27] {nemo} (reading that now)
[15:27] {Threei}  3. TTR, MPP and Taoist Trader
[15:28] {nemo} "zone"
[15:28] {Threei}  Ok, seriously,
[15:28] {Threei}  3. mamis, nature of Risk
[15:28] {dino} actually tho, 3i's books are better, right to the point
[15:28] {dino} ttr my fav
[15:28] {kschun} what is the third?
[15:28] {magoo} quite a mkt reversal 9again)
[15:28] {Threei}  I think so too dino
[15:28] {Threei}  Nature of Risk, ks
[15:29] {dino} great minds, lol
[15:29] {Threei}  by mamis
[15:29] {kschun} o.k. thanks
[15:29] {Threei}  somewhat obscure book, not as well known as other two
[15:29] {Threei}  undeservedly, IMO
[15:29] {Threei}  very deep
[15:29] {Threei}  maybe that's why :)
[15:29] {dino} crazy day magoo, lots of random action, but did well
[15:30] {dino} nemo, re; zone. "anything can happen" best advice i ever read
[15:30] {kschun} o.k. thanks
[15:30] {nemo} tck
[15:30] {nemo} sorry
[15:34] {kschun} nemo providing intraday gap ups in TCK :-)
[15:36] {dino} jdsu stopped +.03
[15:36] {dino} calling it a day. thx all, good time
[15:37] {kschun} great eve dino!
[15:38] {Threei}  take care dino
[15:39] {dino} :D
[15:46] {nemo} ipgp today wtf
[15:47] {Threei}  (LB) Libya Foreign Min: Accepts UN cease fire; To Halt all military actions immediately, aims to start a dialogue with all parties - al Jazeera TV
[15:47] {Threei}  - Claims the no fly zone is a violation of Libyan sovereignty, and a violation of UN charters, calls for "international community to send fact finding missions to get the facts."
[15:56] {kschun} great eve to all of you guys, thank you very much, thanks vad!
[15:58] {Threei}  thank you all
[15:58] {Threei}  havce a good evening, see you tomorrow
[15:58] {rambler} thanks 3i....
[15:59] {larisa} bye :)
[15:59] {Threei}  Portufal rejects plan
[15:59] {Threei}  watch market reacting
[15:59] {Threei}  if no tank, rally tomorrow
[16:00] {_svetlanab} good night