Wednesday, June 15, 2011

Jun 15 2011

Very nice day with many good plays. Most of them were short, and based on a gut feel of breakdown coming. Look at the time stamp and then at SPY 1 min chart.

[11:36] {Threei} things are about to get interesting IMO
[11:36] {Threei} minicrash is coming

You may remember my series of screenshots outlining the levels of support and resistance to watch for holding or being broken, as signs of trend changing or continuing. "Next junction" screenshot below is one of that series, showing 125- 130 range for the SPY. 

Now, 3 months later, we are back in that range - look how 130 resistance held yesterday on a low volume bounce, and we move toward 125 support once again. These levels become lines in the sand once again - break 130 and pullback is likely to be over; break 125 and downtrend is firmly established.

Session Time: Wed Jun 15 00:00:00 2011
[08:50] {davd} whoh!  buck up big
[08:51] {Threei}  and market's down as it should
[08:56] {Threei}  *(US) JUN EMPIRE MANUFACTURING: -7.8 V +12.0E; first negative reading since Nov 2010
[09:09] {Threei}  so, what gives... RIMM was weak even in yesteday's hoopla, and green now in the market gapping down?
[09:09] {Threei}  since when RIMM became a salmon
[09:11] {dino} gm all
[09:11] {Threei}  dino :)
[09:13] {dino} mind mondays gaps 2222, 1271
[09:14] {rizvisy1} gm
[09:15] {Threei}  riz :)
[09:15] {ese} gm
[09:15] {RonS} gm
[09:15] {Threei}  ese, ron :)
[09:17] {ese} vad...check out this consolidation pattern in XTXI.....daily chart.....lookin for an excuse to carry on up maybe
[09:18] {Threei}  does look very nice
[09:19] {Threei}  you in already, or looking for entry?
[09:19] {ese} don't see that very often......think i'm gonna be lookin for an entry
[09:20] {Threei}  pullback to 11.5 is kind of no brainer entry, but chances of it happening are slim
[09:21] {ese} ya
[09:21] {ese} spyders dn a point and a bit so far
[09:23] {Threei}  then again, I haven't seen it trading real tme... not sure how liquid it is
[09:23] {larisa} gm :)
[09:23] {Threei}  so let me reserve my judgement a bit
[09:23] {Threei}  larisa :)
[09:24] {ese} probably thin....avg daily vol looks around 500mil/day
[09:24] {ese} dino size if anything sm
[09:27] {dino}  on my screen
[09:27] {dino} showing 328k ave vol, not millions
[09:28] {ese} yes .......miss read it
[09:28] {jfjf64} mornin
[09:29] {Threei}  jf :)
[09:29] {Threei}  looking for bounces to short
[09:29] {Threei}  or consolidations, to do the same
[09:29] {jfjf64} ?
[09:29] {jfjf64} sorry
[09:31] {Threei} Short Setup: SLW  31 break
[09:31] {Threei}  if stays underinvalidated for now
[09:31] {jfjf64} tug of war
[09:32] {Threei} Short Setup: SLW  .20 break
[09:33] {Threei}  stop above .30
[09:33] {dino} xtxi gap 11.03 ese, fwiw
[09:34] {dino} tfi sm l .65
[09:34] {jfjf64} yukkk
[09:34] {nemo} P Pandora open
[09:34] {Threei}  correct definition
[09:34] {nemo} I like watching train wrecks
[09:34] {ese} tks dino......have my eye on mpel as well
[09:34] {dino} out tfi .07, +.42
[09:36] {Threei} Short Setup: CREE  37 break half lot
[09:36] {dino} tfm that was typo
[09:38] {Threei}  feel free to cover CREE
[09:39] {jfjf64} keepin  i  on  slw
[09:40] {Threei}  wow CREE
[09:40] {Threei}  how about that
[09:41] {_nsj100} ya baby
[09:41] {Threei}  biunce
[09:41] {Threei}  bounce too
[09:41] {Threei}  .45 break half lot
[09:41] {Threei}  if holding .35
[09:41] {Threei}  invvalidated
[09:41] {nemo} ahhh, the whistling through the graveyard play
[09:41] {Threei}  what's that, lol
[09:43] {dino} smr l fds .71, pulp type
[09:44] {dino} 07 all green
[09:46] {ese} L mpel 1/2 .10
[09:46] {dino} out fds .13, +.42
[09:47] {ese} nice dino...was that a hold from yesterday
[09:47] {Threei} Long Setup:  REE  .20 break half lot
[09:48] {dino} no, posted above
[09:48] {Threei}  keep an on MCP as leader for REE
[09:48] {Threei}  if MCP breaks .50 and runs, that should push REE
[09:48] {jfjf64} .20  has  some  shares
[09:49] {ese} funny you should asy not in but really thought about buying a K or 2 of REE yesterday......
[09:49] {dino} mos sm l .00
[09:50] {Threei}  watch MCP still for a clue
[09:50] {Threei}  if it bounce back, REE .10 break trigger
[09:50] {Threei}  yeah right
[09:50] {Threei}  back to .20 break
[09:50] {Threei}  half lot
[09:50] {Threei}  volatile
[09:51] {Threei}  ok
[09:52] {Threei}  .10 break, no more variations
[09:52] {Threei}  either this one triggers or I am losing interest
[09:54] {Threei}  MCP trying
[09:54] {Threei}  in .007
[09:54] {ese} the whole day thing
[09:54] {Threei}  .95 stop
[09:55] {dino} out mos .45, +.45
[09:56] {RonS} took mos .13 to .45 +.32  thanks dino
[09:56] {Threei}  nice on guys
[09:56] {Threei}  one
[09:57] {Threei}  out REE
[09:57] {RonS} took mpel .10 to .22  +.12  thanks ese
[09:57] {Threei}  MCP losing ground
[09:57] {ese} cool ron
[09:58] {davd} ree was the news affecting mcp
[09:58] {ese} MPEL stop to break even.10
[09:58] {Threei}  but MCP leads
[09:58] {dino} gj ron
[09:58] {Threei}  see how it moves first, then REE folows
[10:00] {Threei}  *(US) JUN NAHB HOUSING MARKET INDEX: 13 V 16E
[10:01] {RonS} lvs perky
[10:02] {Threei}  keeping it on radar
[10:02] {Threei}  with long in mind
[10:02] {Threei}  wanted it under .60
[10:02] {RonS} sands macau scored a huge refi deal
[10:04] {Threei} Long Setup:  LVS  .60 break
[10:05] {Threei}  1:1
[10:05] {dino} srdx sm l .86
[10:05] {Threei}  half out
[10:05] {Threei}  stop .54
[10:05] {pragmatic} .60 break ?
[10:05] {Threei}  ?
[10:06] {nemo} yeah, it was already above that
[10:06] {Threei}  ??
[10:06] {Threei}  it was .57
[10:06] {nemo} lvs
[10:06] {nemo} not by the time I got there
[10:06] {Threei}  maybe, but we spoke about it, so I assume you'd have it already on the screen?
[10:07] {Threei}  [10:01] {RonS} lvs perky
[10:07] {Threei}  [10:02] {Threei} keeping it on radar
[10:07] {Threei}  [10:02] {Threei} with long in mind
[10:07] {Threei}  [10:02] {Threei} wanted it under .60
[10:07] {dino} panl sm l .30
[10:07] {Threei}  1:2, 1/4 out
[10:08] {ese} MPEL stop to .19
[10:09] {Threei}  1:3 close enough, out
[10:09] {Threei}  what should I do, add alert "put ABCD on your screens"??
[10:09] {Threei}  come on guys...
[10:09] {ese} out mpel .30 +.20
[10:10] {RonS} gj ese
[10:10] {jfjf64} ty
[10:10] {nemo} I wouldn't worry about it Vad.  If we don't have it on our screens, that's our issue
[10:11] {nemo} I was just stating when I typed it in, which was pretty much straight away, it had already popped
[10:11] {Threei}  yeah, but remarks make it sound like the alert is not valid
[10:11] {nemo} Just like you've had stocks pop when you were typing in the entry
[10:11] {ese} tks ron
[10:12] {pragmatic} to calrify things, I was watching different stock at all, which was past below .60, that is why the "?" :)
[10:12] {nemo} If we're in this room, the caveat is the market is unfair
[10:12] {nemo} oh shit, he's picking up on your typing already
[10:13] {Threei}  OK, everyone go out today after market and buy on of them mind reading devices
[10:13] {Threei}  and I won't be wasting time on typing symbols at all
[10:13] {nemo} No FRICKIN way I want to know what's going on in YOUR mind
[10:13] {Threei}  alerts will be like "buy
[10:13] {Threei}  now sell
[10:13] {jfjf64} whats  going  on here
[10:13] {Threei}  hmmm... that's actually a good point
[10:13] {nemo} go back to bed jf
[10:13] {Threei}  RIMM
[10:14] {Threei}  what just happened to it
[10:14] {nemo} buy
[10:14] {nemo} no sell
[10:14] {nemo} no buy
[10:14] {jfjf64} your  driving  the  man  crazy
[10:14] {Threei}  40 cents drop in two bars, no news
[10:14] {Threei}  .60 support to break
[10:14] {Threei}  like last line of defense
[10:14] {dino} me too jf, lost
[10:15] {Threei}  me three
[10:15] {nemo} u r already there
[10:16] {ese} daaaaaa....wasn't paying attention to XTXI
[10:17] {RonS} oil inventory at :30
[10:17] {RonS} xtxi gas or oil or both?
[10:17] {Threei}  LVS is back to entry
[10:17] {Threei}  intereasted again
[10:18] {Threei}  put it on your screens
[10:18] {nemo} Gordon Gekko and the honey pot?
[10:18] {nemo} would like .40 area myself
[10:18] {Threei} Long Setup:  LVS  .60 break
[10:18] {Threei}  if holding .50
[10:19] {dino} panl stop-.31
[10:20] {Threei}  no go this time
[10:22] {Threei}  (US) DOE Secretary Chu: Reiterates all tools are on the table if there is a supply disruption - CNBC
[10:22] {Threei}  - Response to questions about possibility of a crude swap first indicated in reports yesterday
[10:22] {Threei}  - Reminder: there were reports that US and Saudi officials met to discuss exchanging urgently-needed high-quality crude oil stored in the US SPR for heavier, low-quality oil from Saudi Arabia, according to people familiar with the plan. The idea involved shipping some of the light low-sulphur, or "sweet", crude out of the U.S. Strategic Petroleum Reserve to European refiners.
[10:22] {Threei}  where is this stuff with "supply disruption" coming from?
[10:22] {RonS} libya
[10:23] {Threei}  but US is not getting oil from Libya
[10:23] {RonS} but europe does
[10:23] {RonS} refineries set up for light sweet
[10:23] {Threei}  but headline above discusses US SPR
[10:23] {RonS} and a swap  sheesh
[10:25] {dino} srdx stop -.36
[10:25] {rizvisy1} RIMM is under consideration for .60 Break?
[10:25] {Threei}  looks like
[10:25] {Threei}  need it to define resistance
[10:26] {rizvisy1} your call...
[10:26] {Threei}  ummm
[10:26] {rizvisy1} hah
[10:26] {Threei}  can I call .60 break now?
[10:26] {Threei}  lol
[10:26] {nemo} on what?
[10:26] {rizvisy1} too late sir
[10:26] {jfjf64} whats  going on  here
[10:26] {nemo} DST dino
[10:27] {nemo} go back to bed JF
[10:27] {jfjf64} lol
[10:27] {rizvisy1} .5 may be
[10:27] {Threei}  let's see if iot bounces back to .60
[10:27] {nemo} where's that ignore button?
[10:27] {jfjf64} what
[10:27] {jfjf64} ??
[10:27] {dino} buyout interest dst
[10:27] {jfjf64} lol
[10:27] {Threei}  10:25] {rizvisy1} RIMM is under consideration for .60 Break?
[10:27] {RonS} DST Systems jumps on private equity interest, support is at $55.33       06/15 07:44 AM
[10:27] {jfjf64} joking
[10:27] {jfjf64} im on point
[10:28] {Threei}  ok
[10:28] {jfjf64} believe it or  NOT
[10:28] {RonS} DST Systems Said To Get Buyout Offers In Mid-$60s Range Reuters       06/15 07:15 AM
[10:28] {jfjf64} its  this  nemo
[10:28] {Threei}  low volume bounce
[10:28] {Threei}  right into .60
[10:29] {Threei} Short Setup: RIMM  .55 break
[10:29] {pragmatic} FCX - .3 +15
[10:30] {Threei}  *DOE CRUDE: -3.4M V 0E; GASOLINE: -570K V +500KE; DISTILLATE: -100K V +1ME; UTILIZATION: % V 87.4%E
[10:30] {samire} did rimm triggered ?
[10:31] {Threei}  here
[10:31] {Threei}  let's keep funny stop, anobe .60
[10:31] {Threei}  abive
[10:32] {Threei}  above
[10:32] {nemo} put the bottle down, Vad
[10:32] {Threei}  there,,, jus on third attempt
[10:32] {Threei}  market drops
[10:32] {Threei}  come on RIMM
[10:32] {Threei}  no
[10:33] {nemo} they should rename the company "Wrongway"  better
[10:33] {nemo} better yet....
[10:33] {nemo} "Event Horizon"
[10:33] {Threei}  .65 is more normal stop but something isn't right here
[10:33] {nemo} it's right on the RIMM of a blackhole anyway
[10:37] {Threei}  there... would have been stopped anyway
[10:37] {Threei}  (GR) Greece PM sets forth proposals for a national unity Govt, may step down if agreement is reached for unity - financial press citing sources
[10:38] {nemo} bby
[10:44] {Threei} Long Setup:  X  .20 break
[10:44] {dino}  srdx sm l .40
[10:44] {Threei}  half lot
[10:44] {Threei}  stop .05
[10:45] {Threei}  target .45 - .50, two partials
[10:45] {Threei}  half out
[10:46] {Threei}  .32
[10:46] {Threei}  stop to .19
[10:46] {jfjf64} ty
[10:47] {Threei}  crap, wanted FCX .20 break too but was a little late on alert there
[10:47] {dino} mos sm l .82
[10:50] {rizvisy1} Thats nice one Vad on X entry ty
[10:51] {Threei}  yw
[10:51] {jfjf64} still in
[10:51] {Threei}  half
[10:51] {jfjf64} y
[10:51] {jfjf64} me  2
[10:51] {jfjf64} lol
[10:54] {Threei}  toghtening to .25
[10:54] {jfjf64} big  pushhhh
[10:55] {jfjf64} sell into buying
[10:55] {nemo} ntap break .05
[10:55] {Threei}  out .47
[10:55] {jfjf64} out
[10:55] {jfjf64} ty
[10:55] {jfjf64} me  2
[10:55] {jfjf64} lol
[10:55] {Threei}  right into target
[10:56] {jfjf64} you  alrighrt  3i
[10:56] {jfjf64} keep ya  round
[10:56] {Threei}  thank you kind sir
[10:57] {Threei}  FCX
[10:57] {Threei}  pullback inbto lower BB
[10:57] {Threei}  tightening band
[10:58] {Threei}  case of "just grab it here," lol
[10:59] {ese} still lookin for a REE entry
[11:00] {ese} totally missed XTXI
[11:00] {Threei}  .50 zone was it
[11:00] {ese} nice controlled MPEL pullback
[11:00] {ese} ya.......
[11:05] {Threei} Short Setup: GS  .50 break
[11:05] {Threei}  half lot
[11:06] {Threei}  .65 stop
[11:07] {Threei}  lat's trail to .61
[11:07] {Threei}  aim to cover half under .40 and half closer to .20
[11:10] {Threei}  lose that .40 and die, GS
[11:10] {Threei}  good boy
[11:10] {Threei}  half out
[11:10] {Threei}  stop to .55
[11:15] {Threei}  stop to .52
[11:15] {Threei}  come on GS, just a few more cents
[11:17] {davd} dollar hod re uup
[11:17] {Threei}  good
[11:17] {Threei}  time to put an end to this national shame
[11:17] {Threei}  and restore mighty green buck in all its former glory
[11:17] {Threei}  as in 1913 levels
[11:18] {Threei}  wait for me, I need to laugh it out... be back in 2
[11:18] {Threei}  OK, all done
[11:18] {davd} its just a day 3ii dont get too excited
[11:19] {Threei}  yeah... but hey, ca a man dream??
[11:19] {_nsj100} the reality of it makes me cry
[11:19] {Threei}  out GS balance
[11:20] {Threei}  greed got better of me, should have taken that .30
[11:20] {Threei}  losing frikin 97% of dollar value since Fed inception... and Fed says its mandate is to fight inflation?
[11:20] {Threei}  good job folks
[11:21] {_nsj100} thats what they get paid for
[11:22] {_nsj100} hey waite,we pay them.
[11:22] {Threei}  rather, they extract their pay from us
[11:22] {Threei}  since we are captive audience
[11:22] {_nsj100} ya
[11:24] {Threei}  GS at target
[11:24] {Threei}  overtightened stop a little
[11:25] {dino} smr l sina .60
[11:26] {Threei}  (CH) Senator Schumer (D-NY): Looking for support for a bill targeting China on FX issues - US financial press
[11:33] {RonS} fcx s .00 break 3i?
[11:33] {Threei}  (GR) Greece conservative opposition's position said to be that a national unity government is only possible if current PM resigns, bailout is renegotiated - financial press
[11:33] {Threei}  need little bounce first ron
[11:34] {Threei}  to establish a range
[11:34] {Threei}  otherwisxe snpaback chance is too big
[11:34] {Threei}  or at least couple min of consolidation
[11:34] {Threei}  OK, I am satisfied
[11:35] {Threei}  short the bastard on a break
[11:35] {samire} green day so far
[11:35] {Threei}  yes but has more potential
[11:36] {Threei}  things are about to get interesting IMO
[11:36] {Threei}  minicrash is coming
[11:36] {Threei}  die FCX
[11:37] {Threei}  1:1
[11:37] {Threei}  1:2
[11:37] {RonS} .98 to .82  thxs 3i
[11:38] {Threei}  your find
[11:38] {Threei}  thank yourself
[11:38] {dino} gj
[11:38] {Threei}  and I don't mean it in a rude way
[11:38] {Threei}  lol
[11:38] {RonS} wouldn't care if it
[11:38] {Threei}  I know :)
[11:39] {Threei}  1:3, over and out
[11:39] {Threei}  now, how about timing and precision of this:
[11:39] {Threei}  [11:36] {Threei} things are about to get interesting IMO
[11:39] {Threei}  [11:36] {Threei} minicrash is coming
[11:40] {rizvisy1} was it a general call Vad, we missed
[11:40] {Threei}  well, my only regret is not having time to add a TZA call
[11:41] {Threei}  .75 - .80 break at the moment
[11:41] {RonS} euro cracking below 1.42
[11:42] {Threei}  envision a man standing on the brink of a abyss, back turned to it, heels are right on the edge, flailing his arms in the air trying to keep balance and losing it losing it...
[11:42] {Threei}  this is how SPY felt at the moment
[11:45] {dino} s/p filled
[11:45] {dino} next 1257
[11:46] {RonS} rimm not going down
[11:48] {ese} L REE.55
[11:49] {Threei}  stop under .40 ese?
[11:49] {ese} ya
[11:49] {Threei}  because market is not done selling yet it seems
[11:50] {Threei}  as I'd say if I couldn't spell, "be karephool"
[11:50] {ese} ya ...could get rinsed here
[11:51] {Threei}  (I can see Raven fainiting at this sight of new low in English butchering)
[11:51] {ese} lol
[11:51] {dino} nice gut feel 3i
[11:51] {Threei}  ty
[11:51] {dino} ndx filled, next 2202
[11:52] {nemo} miss anything?
[11:52] {ese} nah
[11:52] {ese} everybody's feeling vad gut
[11:53] {ese} hmmmmmmmm....wrong interpretation
[11:53] {Threei}  hmmm
[11:53] {Threei}  I will defend my gut ferociously
[11:54] {nemo} weird
[11:54] {ese} lol.....we dfinitely are
[11:54] {Threei}  btw ese, there is way less gut to feel... you won't believe your eyes when you see me, 22 pounds down
[11:55] {dino} meli sm l .00
[11:56] {dino} etg vad, but wondering why ese is feeling your gut
[11:56] {Threei}  I was wiondering about that too, but then decided I don't really want to find out
[11:56] {RonS} buddha effect
[11:57] {ese} we definitely are weird
[11:58] {ese} gettin rinsed is looking me the eye here
[12:00] {ese} Shiskabob party?    would be 4th or 5th annual for me
[12:00] {ese} ree....get your act together
[12:01] {ese} triple 1 min bottom
[12:03] {ese} filled at .35
[12:05] {dino} fds sm l .96 ave
[12:08] {dino} whr sm l .24
[12:08] {nemo} vwap .70 on whr
[12:10] {nemo} also S1 pivot level, that's likely your ceiling on a weak day
[12:11] {patience} ese, did vad say shish kabob?
[12:11] {dino} ty
[12:14] {ese} ya......last week i think
[12:16] {Threei}  let me finish my dieting first, will ya...
[12:17] {ese} L REE ,45
[12:19] {patience} in tza
[12:21] {RonS} eur 141.56
[12:22] {RonS} if loses .50 look out
[12:22] {dino} damn, bit of drop
[12:22] {dino} back in 30 or so
[12:22] {Threei}  Euro vs US Dollar Hits fresh sessions lows, approaching the 14170 support line
[12:24] {Threei}  15:47] {Threei} gap and stall right under 130 resistance, on lower volume than red days
[12:24] {Threei}  [15:47] {Threei} hopefully it's a sign of downtrend continuation
[12:24] {Threei}  look at SPY daily
[12:24] {Threei}  so far, everyhting looks right,
[12:25] {Threei}  if we don't out a double bottom in here, downtrend is all but sealed
[12:25] {Threei}  nearest support is 125
[12:25] {Threei}  if/whe it's broken, it's good night irene
[12:26] {RonS} 2.6 mil contract algo buyer here...might get overwhelmed .vix 21.18
[12:42] {Threei}
[13:00] {Threei}  (IA) Iran is said to have successfully launched a satellite into space - Iran state tv
[13:00] {Threei}  ***NOTE: Iran launched its first satellite into space in Feb 2009. Note that back in December 2010, Iran Defense Min Vahidi said Iran would launch a reconnaissance satellite in the next few months.
[13:01] {rizvisy1} Vad is keeping good eye on Iran....
[13:01] {Threei}  lol
[13:01] {Threei}  not really
[13:02] {Threei}  IEA Chief Economist: If oil prices remain high, a risk for a US double dip recession exists; are monitoring whether to release strategic reserves on a daily basis
[13:02] {Threei}  - Will use volume of available oil rather than oil price as a determinant of whether or not to release oil from the strategic petroleum reserve, may be released if Saudi Arabi fails to replace the lost Libyan oil production
[13:02] {rizvisy1} Thats ok, it is good to remain informed
[13:03] {Threei}  I still don't get the connection with SPR and Lybian oil
[13:03] {nemo} politically expedient
[13:04] {RonS} again, reserve oil light sweet, saudi oil heavy...reserve to europe saudi to reserve...a swap
[13:05] {Threei}  this part I understand
[13:05] {Threei}  I don't understand why US needs that
[13:05] {RonS} europe does
[13:05] {Threei}  well, this part I understand too :)
[13:06] {Threei}  anyway, as far as Irna/mid east news concerned, to me it looks this way
[13:07] {Threei}  as market influencing news, Europe situation takes main tole at this point
[13:07] {Threei}  Iran and Mid East is potentially influencing issues, on a back burner at this point
[13:08] {Threei}  so mostly I lay attention to Europe developmenta, while keeping half eye on news from Iran and that corner of the world overall
[13:08] {Threei}  lay = pay
[13:12] {nemo} .50 level on SIAN unbeleivable
[13:12] {nemo} SINA
[13:13] {nemo} unbelievable
[13:15] {RonS} oil futes below yest lod 96.30
[13:16] {nemo} hah, should have waited until today to fill up
[13:17] {RonS} w/ crack spreads north of $30 it does not matter
[13:18] {nemo} gas has been dropping, just not that fast, after July 4th
[13:19] {Threei} Short Setup: SINA
[13:19] {Threei}  .50 break
[13:19] {Threei}  half lot of course
[13:20] {Threei}  if stays under ,65
[13:20] {Threei}  target about 88.10
[13:21] {nemo} this is going to drop fast
[13:21] {nemo} you better be in on this side
[13:21] {RonS} could go a buck...cannot short here
[13:21] {nemo} been a huge buyer at .50 all day
[13:22] {nemo} well since 11:00
[13:22] {nemo} still there
[13:24] {rizvisy1} spike
[13:25] {dino} i am still long sina
[13:25] {nemo} would have been a great range play today
[13:26] {nemo} BBBB
[13:26] {nemo} Dino, your kinda' action
[13:35] {RonS} oil crashing 95.25
[13:38] {RonS} 94.80
[13:38] {RonS} 94.50
[13:39] {RonS} look uso...margin call area in oil
[13:39] {nemo} look at $
[13:39] {Threei}  impressive
[13:40] {Threei}  Ron... remember I promised I won't cry as oil drops?
[13:40] {Threei}  I keep my promise
[13:40] {Threei}  not crying
[13:40] {RonS} good to know
[13:40] {Threei}  thoght you'd like that
[13:46] {dino} nvls spike
[13:49] {Threei} Long Setup:  TNA  69 break
[13:50] {Threei}  if stays above .85
[13:53] {dino} 11859 gap, 2202, 1357
[13:55] {ese} du du du du........dum de dum....dum de dum
[13:56] {ese} still hangin in there with REE .........but gotta go all.....catch you all tomorrow
[13:56] {RonS} when is school out?
[13:56] {Threei}  take care ese
[14:02] {Threei}  crap
[14:02] {Threei}  this one got away
[14:02] {dino} cya eses
[14:03] {rizvisy1} rinsed and climb, need to take revenge
[14:03] {rizvisy1} huh
[14:03] {Threei}  didn't rinse
[14:03] {Threei}  invalidated
[14:04] {Threei}  it never triggered before dropping under .85
[14:04] {nemo} 3rd higher low
[14:04] {Threei}  yeah, but no trigger
[14:04] {rizvisy1} no trigger
[14:05] {rizvisy1} yeah
[14:05] {nemo} tna/tza are tough for formal triggers because they are based on an index
[14:05] {dino} meli sm l .00
[14:06] {rizvisy1} slw wow
[14:13] {nemo} see SINA
[14:13] {dino} wow sina drop and stop
[14:13] {nemo} yeah, no way you'd get it after breaking .50 the buyer was huge
[14:14] {Threei}  shows the potential of a dam break plays
[14:14] {Threei}  quiz for tomorrow: what page of a Taoist Trader course describes this type of trade
[14:14] {nemo} yeah, and whoever got that should pull the horseshoe out of their ass, shut down the computer, and go drink
[14:14] {rizvisy1} lolllllllllllllllll
[14:14] {Threei}  what visual
[14:19] {Threei}  btw nemo
[14:19] {Threei}  you are excluded from the quiz
[14:19] {nemo} why
[14:20] {Threei}  two reasons
[14:20] {Threei}  1, I like excluding you from things
[14:20] {nemo} my mensa IQ
[14:20] {Threei}  2, you have searchable document
[14:20] {nemo} oh
[14:20] {nemo} got it
[14:20] {Threei}  :)
[14:20] {nemo} I'm source material
[14:21] {Threei}  looking if we can get TNA near 69
[14:21] {Threei}  need one more leg down
[14:22] {Threei}  for double bottom
[14:23] {Threei} Long Setup:  TNA  .05 break
[14:23] {Threei}  invalidated
[14:24] {Threei}  still on watch
[14:24] {Threei}  formidification
[14:24] {RonS} new one
[14:24] {Threei}  lol
[14:24] {nemo} wow...never seen that word before
[14:24] {Threei}  no, it's not what you think
[14:24] {nemo} oh is
[14:25] {Threei}  for modification
[14:25] {nemo} .90 break if spy goes higher
[14:26] {nemo} in .91
[14:26] {Threei}  69 break
[14:26] {Threei}  with any aggressive entry you like
[14:26] {Threei}  and stop under .80
[14:26] {nemo} took half off .96 not liking this
[14:27] {nemo} stop is break even
[14:27] {Threei}  looks OK to me
[14:27] {nemo} often this kind of volatility seems to indicate change in tna IWM
[14:27] {nemo} just covering risk
[14:28] {Threei}  well, SPY is on a brink
[14:28] {Threei}  cam break either way
[14:28] {Threei}  down it chose
[14:28] {nemo} out...needless to say
[14:30] {RonS} pass the banana
[14:31] {Threei}  what was that
[14:31] {dino} sina sm l .25
[14:34] {nemo} Ron, I'd rather give you a sharp knife, or at least a banana wit e-coli
[14:34] {RonS}
[14:36] {Threei}  ron, you have to agree, a good thing about nemo is:
[14:37] {Threei}  he is reliably hostile and prickly
[14:37] {Threei}  you always know what to expct,
[14:37] {Threei}  and even if it's othing good - it's so reliable, you get this strange feeling of comfort when he bites you
[14:38] {dino} lol
[14:38] {nemo} that's the warmth of the spreading venom
[14:38] {Threei}  correct
[14:40] {dino} out meli .50, +.50
[14:40] {dino} out whr .52, +.28
[14:41] {RonS} meli math stinky
[14:41] {dino} ?
[14:41] {RonS} oops was looking at sina
[14:42] {dino} ssssssssllllllllllllllllllllllllaaaaaaaaaaaaaaaaap!
[14:42] {RonS} w/ ecoli...
[14:42] {dino} why not
[14:43] {Threei}  lol
[14:44] {nemo} you might get it on yourself, slap him in the face with a handful of salt
[14:44] {nemo} If you don't get to wash your eyes out, say hello to the red tipped cane
[14:50] {nemo} crissakes, everybody I know is messaging me about the hockey game 2night
[14:51] {RonS} some noting the big guys are bangind the tape and in both directions...usually does not happen
[14:51] {nemo} in what stock
[14:51] {RonS} es and nq futures
[14:53] {dino} yeah, we're jumpimg around 20 dji pts in seconds
[14:57] {nemo} bunny just woke up
[14:58] {Threei}  (GR) Greece PM Papandreou: Confirms to reshuffle cabinet and seek a vote of confidence from his Parliamentary group; To stay on as PM
[14:58] {Threei}  - Govt is struggling to save the country, duty is now national rather than political.
[14:58] {Threei}  - Terms set by opposition cannot be accepted. Asked for political concensus but opposition rejected the proposal.
[14:58] {nemo} buy more bullets
[15:00] {Threei}  TZA
[15:00] {Threei}  pullback to 42 for entry
[15:00] {RonS} lesson from caesar...forment crisis...become emporer to save
[15:00] {Threei}  "don't waste good crisis"
[15:01] {Threei}  42 break
[15:01] {nemo} we need to get rid of 3 or 4 billion people
[15:01] {Threei}  if holding .90
[15:02] {Threei}  valid again
[15:02] {Threei}  .85 stop
[15:03] {dino} sina stopped
[15:04] {Threei}  ok TZA
[15:04] {Threei}  let's do it
[15:04] {Threei}  bees do it
[15:04] {Threei}  birds do it
[15:04] {Threei}  even educated fleas do it
[15:05] {Threei}  not a scalp
[15:05] {Threei}  1:1
[15:05] {Threei}  first part out
[15:06] {RonS} tza in .03  1/2 .14...1/2  .24  thanks 3i
[15:07] {Threei}  stop to .96
[15:07] {Threei}  .95
[15:07] {Threei}  ron :)
[15:22] {RonS} S&P Raises Las Vegas Sands' CCR To BB From BB-; Outlook Stable       06/15 08:49 AM
[15:25] {RonS} rimm gonna lose 35?
[15:30] {Threei}  I like the idea very much
[15:30] {Threei}  don't know if it does but will be a good trigger if happens
[15:30] {dino} sina sm l .03
[15:34] {RonS} dang, missed  hit limit sell at .98 when it broke
[15:36] {Threei}  took second chance into bounce?
[15:37] {RonS} no, fearing bear trap w/ earnings ah tomorrow
[15:37] {RonS} if this was fresh i would have:  Dolby Patent Suit Adds to RIM’s Woes
[15:38] {Threei}  overall, RIMM seems to be on a losing side of the battle... not exactly dead man walking yet but going there
[15:39] {jfjf64} ya think  look  daily
[15:39] {RonS} gonna be no love w/ the nok experience
[15:39] {dino} out sina .44, +.41
[15:40] {jfjf64} gj
[15:40] {dino} ty
[15:40] {Threei}  nice
[15:41] {dino} greed cost me today, had a lot of early $100 hits, let them go flat or neg. must remember vads' walking down the street theory
[15:41] {jfjf64} ??
[15:41] {dino} if you see $100 on street, do you not pick it up hoping for $200
[15:41] {jfjf64} ahh
[15:42] {dino} volitile day like today, that would have helped
[15:44] {dino} ugh sina
[15:46] {jfjf64} spiker
[15:47] {jfjf64} anyone use  rsi  indicator
[15:48] {RonS} no, too backward looking
[15:48] {jfjf64} ?
[15:49] {RonS} history generated number that gives no indication of future direction, nor timing
[15:50] {RonS} imo of course
[15:51] {dino} k.i.s.s. indicators here
[15:53] {RonS} tcatw w/ stops and targets, eh dino?
[15:53] {dino} tcatw?
[15:54] {RonS} throw crap against the wall...
[15:54] {dino} ahhh, yes, indeed.
[15:54] {dino} keep it simple stupid
[15:54] {jfjf64} lol
[15:54] {Threei}  OK guys, no complaints about today whatsoever
[15:55] {Threei}  went as good as you can expect from a nervous day in the markets
[15:55] {patience} good day, learnt lots, thanks vad
[15:55] {jfjf64} ya not  leavin  yet
[15:55] {jfjf64} are ya
[15:55] {Threei}  we are good when market is nervous
[15:55] {jfjf64}  happy  hour
[15:55] {Threei}  nothing to do when it's calm
[15:55] {Threei}  sorry jf, but I am
[15:55] {dino} tee time in 30
[15:55] {Threei}  last 5 min you'll have to forgive me
[15:55] {Threei}  or not
[15:55] {jfjf64} enjoy  all
[15:55] {Threei}  thank you all, have a good evening
[15:56] {Threei}  see you tomorrow
[15:56] {larisa} bye :)
[15:56] {_nsj100} thanks
[15:57] {dino} thx all, good time, gotta hop. good time
[15:57] {jfjf64} always