Thursday, May 5, 2011

May 05 2011

[15:00] {RonS} 98.48
[15:04] {jfjf64} nvls s .20
[15:06] {jfjf64} dieeeeeeeeeeeeee
[15:06] {Threei}  wow
[15:11] {Threei}  what the deuce
[15:11] {Threei}  no news
[15:14] {Threei}  SLW bounce scalp
[15:14] {Threei}  ugh, don't chanse
[15:14] {Threei}  .40 break was it
[15:14] {RonS} huge buyers showing up in es nq futes
[15:14] {RonS} 2.0 mil contracts in es, 720k in nq...they could get overwhelmed
[15:14] {RonS} ...order flow is going aganist them
[15:15] {Threei}  1:1... crap
[15:15] {jfjf64} rats
[15:15] {Threei}  SLV Spot silver extends decline below $35/oz
[15:16] {Threei}  1:2, double crap
[15:16] {jfjf64} double rats
[15:16] {RonS} got .43 to .59  thanks 3i
[15:16] {Threei}  wtg
[15:16] {Threei}  1:3 - triple
[15:16] {dino} 1335 gap filled
[15:16] {Threei}  I myself missed it typing, lol
[15:17] {dino} markets really fell off, news?
[15:18] {RonS} the markets should have been selling off all day w/ what happened in oil, metals and the $
[15:19] {RonS} .spx should be down +20...
[15:19] {dino} uso gap 36.48 area
[15:23] {RonS} gmcr breaking into gap
[15:24] {dino} s/p -2.8% from week high
[15:24] {dino} looks like i am going to miss some fun tomorrow
[15:25] {Threei}  what's tomorrow?
[15:25] {dino} golf tourny
[15:27] {Threei}  CME temporarily extends crude oil futures limit down from $10 to $20 - CNBC
[15:27] {Threei}  - Because futures closed near the limit down of $10, CME says it will extend the limit down for the rest of today's electronic session. Will revert back to a $10 limit down tomorrow.
[15:28] {RonS} wow...are these guys political or what?  silver margins, now this
[15:28] {Threei}  I am not sure I get the logic of this
[15:28] {Threei}  but whatever
[15:28] {dino} socking it to the speculators, changing the rules during the game
[15:28] {Threei}  their thinking is beyond rational
[15:28] {RonS} 'cause the guvmint and ben ant oil down
[15:28] {RonS} want
[15:28] {dino} yes
[15:29] {Threei}  well... I do too :)
[15:29] {dino} game remains rigged, just like random halts
[15:29] {Threei}  in fact, $3 per barrel seems about right to me
[15:29] {dino} and they say market manipulation does not happen, lol
[15:29] {RonS} back to the '60's
[15:29] {Threei}  but they say it's us dino
[15:29] {Threei}  I say it's them
[15:29] {dino} last drop was 35 or so ron
[15:30] {dino} it is them, ie govt
[15:30] {dino} scanners solid red for minutes, unusual
[15:30] {_rizvisy1} only TZA is shootin star
[15:31] {dino} reminds me of the govt blaming thecshorts in '08, now its the lonfgs on commodities
[15:31] {Threei}  of course... TZA is inverse
[15:31] {jfjf64} joke
[15:31] {dino} in any case, imagine a lot of margin calls starting
[15:32] {Threei}  I feel all warm and fuzzy imagining that
[15:33] {dino} back in ten or so. want to see how this closes
[15:33] {dino} gut says retail benefits as well as restaurant chains from this drop
[15:33] {davd} airlines, fedex benefit
[15:34] {dino} y
[15:51] {Threei}  weak bounce into close
[15:51] {Threei}  unimpressed
[15:51] {Threei}  this seloff is far from over I suspect
[15:52] {RonS} nfp in the a.m.
[15:54] {Threei}  ok guys, thaank you aall
[15:54] {Threei}  have a good evening, see you tomorrow
[15:54] {jfjf64} ty