Thursday, June 16, 2011

Jun 16 2011

Perfectly profitable day with trades working like charm, short and long (mostly short), with good variety of names: TZA, RIMM, SLW, FCX, X, YOKU, MOS...


 Catch of the Day today is one of our "bread and butter" setups - double bottom on MOS. All classic signs of reversal are listed in the notes on the chart. They repeat in most double bottom/tops, so no further comments needed. Almost two dollars bounce for 10-15 cents risk - not too shabby.



Session Time: Thu Jun 16 00:00:00 2011
[07:52] {nemo} WE WON!!!
[08:30] {Threei} *(US) MAY HOUSING STARTS: 560K V 545KE; BUILDING PERMITS: 612K V 557KE
[08:30] {Threei} (US) INITIAL JOBLESS CLAIMS: 414K V 420KE
[08:30] {Threei} CONTINUING CLAIMS: 3.675M V 3.67ME
06[08:31] * Threei slaps nemo around a bit with a big screen TV and hockey stick
[08:35] {nemo} hehehehehe
[08:55] {RonS} gm...guess canadians really are different
[08:55] {RonS} they riot when they lose
[08:55] {nemo} hehehe
[08:55] {nemo} Hosers!!!!
[08:55] {Threei} hmmm... as a one, I can't help but ask... why?
[08:55] {Threei} oh
[08:55] {Threei} lol
[08:55] {Threei} idiots
[08:55] {davd} nice sportsmanship 3ii
[08:55] {dino} gm all
[08:56] {Threei} davd, dino :)
[08:56] {RonS} in u.s. riot when they win
[08:56] {davd} i saw you on tv throwing a vodka bottle at a mountie
[08:56] {RonS} lol dave
[08:56] {Threei} it was simple empty return, davd... camera missed moment 1 min earlier when he throwed full one to me
[08:57] {Threei} threw?
[08:57] {Threei} lol
[08:57] {davd} i guess the news was good - spy back in the green after hitting a real low at 8:15am
[08:58] {davd} should the market go down because rioting in vancouver too?
[08:58] {Threei} yeah, unemployment numbers were more or less dexcent
[08:58] {Threei} only to be revised 1 week later of course, but...
[08:58] {davd} actually, they sucked, but but didnt suck worse
[08:58] {Threei} and housing starts are up a little
[09:01] {Threei} Foreclosure fall for 8th straight month
[09:01] {Threei} well, they must run out of houses to foreclose at some point, no?
[09:05] {davd} actually - a lot of them are under water, literally, along the mississippi
[09:06] {davd} nature's forclosure - flooding
[09:06] {Threei} can we called it "naturally foreclosed"?
[09:06] {Threei} call
[09:07] {davd} dont think of it as a disaster, just economic stimulus
[09:09] {Threei} Barney Frank made a very astute comment about Romney as presidential candidate
[09:09] {davd} 10 am philly fed report
[09:09] {Threei} he is not qualified per barney - because he didn't wear a tie to the debate
[09:10] {Threei} I hold nemo responsible for barney being in the position he is
[09:10] {davd} or because his religion says that barney will go to hell for being a puffer
[09:14] {dino} foreclosuers are down because of lawsuits against banks, inventory at banks of forclosures are way up
[09:16] {rizvisy1} gm all
[09:16] {Threei} riz :)
[09:16] {larisa} gm :)
[09:16] {Threei} larisa :)
[09:17] {larisa} vad :)
[09:17] {Threei} I must admit, after reading Palin's "letter from God" I start changing my mind about her
[09:19] {Threei} video on canadian TV, imbeciles beating up the man who tried to stop the looting
[09:20] {Threei} can't believe this...
[09:21] {Threei} we didn't win a game, so let's burn stuff, break windows and steal things
[09:24] {Threei} no firm read on first market move
[09:24] {Threei} will probably skip first minutes
[09:25] {ese} morning........US Open golf tournament starts today
[09:26] {Threei} ese :)
[09:26] {nemo} we've heard that one before
[09:26] {davd} hope vancouver does well in the tournie :s
[09:27] {Threei} lol, no kidding
[09:27] {Threei} otherwise city might be levelled
[09:28] {ese} this is why vad and I live here
[09:28] {nemo} might as well short slw
[09:28] {Threei} well, it's certainly a consideration
[09:29] {Threei} hope everyone looked at http://tradinglog.realitytrader.com/2011/06/jun-15-2011.html
[09:29] {Threei} those charts help see where market is
[09:29] {Threei} bigger picture so to speak
[09:29] {nemo} well, fcx was a short off the bat
[09:29] {jfjf64} mornin
[09:30] {Threei} jf :)
[09:30] {Threei} Short Setup: SLW .90 break
[09:32] {Threei} 1:1 if you got it
[09:33] {Threei} Short Setup: FCX .20 break
[09:34] {Threei} trail stop to .25
[09:34] {Threei} was 1 cent of 1:1
[09:34] {jfjf64} still in slw
[09:35] {Threei} no
[09:35] {Threei} out FCX
[09:36] {nemo} Wiener stepped down
[09:37] {jfjf64} yeah
[09:37] {Threei} (EU) Fitch sovereign analyst Riley: Does not believe that the euro zone will break apart, feels that the EU policy response to the Greece situation made the crisis worse
[09:37] {RonS} O probable promised him a job...
[09:37] {RonS} probably
[09:37] {nemo} I think, if not today, we have a mother of a sell off tomorrow...who the hell will want to go into the weekend long
[09:38] {RonS} quad witch peg imo
[09:38] {nemo} yeah...but...Greece/Spain
[09:39] {dino} want to get those gaps below filled 11859, 2202, 1257
[09:39] {Threei} Short Setup: X .30 break
[09:39] {Threei} half lot
[09:39] {Threei} too fast
[09:39] {Threei} ok, second chance
[09:39] {nemo} phewww...thought you were going to tell me I should have had it up
[09:40] {Threei} no but you should be executing into bounce instead of typing that
[09:40] {Threei} 1;1
[09:40] {dino} tfm sm l .88
[09:40] {dino} .99 i mean
[09:40] {Threei} got any wise comeback for that?? :)
[09:41] {Threei} not the third time
[09:43] {Threei} wow
[09:43] {Threei} nice smackdown
[09:44] {Threei} who said not to go for the third time?
[09:44] {Threei} should be taken outside and shot
[09:47] {Threei} Long Setup: LVS .30 break
[09:47] {Threei} if stays above .20 of course
[09:48] {Threei} in aggressively .23
[09:48] {Threei} and .24
[09:48] {Threei} stop .15
[09:49] {Threei} no go
[09:49] {Threei} Long Setup: SLW .90 break
[09:49] {Threei} if holding .80
[09:51] {rizvisy1} too volatile to catch market
[09:51] {dino} afl sm l .15
[09:51] {Threei} hmm? easy entry SLW
[09:51] {Threei} target 31.30
[09:51] {Threei} 3 partials
[09:54] {Natali} gm:)
[09:54] {Threei} struggle
[09:54] {Threei} natali :)
[09:55] {Threei} stopped
[09:56] {RonS} philly 4 min
[09:57] {Threei} yep, waiting them out
[09:59] {samire} quick market
[09:59] {samire} x is tanking
[09:59] {rizvisy1} basic material -0.74% today
[10:00] {Threei} *(US) JUN PHILADELPHIA FED: -7.7 V 7.0E
[10:00] {jfjf64} woww
[10:00] {dino} stop afl -.33
[10:00] {dino} doesn't feel right
[10:00] {dino} tfm stop-.32
[10:00] {dino} 2202 filled
[10:01] {Threei} watching FCX for bounce
[10:01] {Threei} (psst nemo, put it on the screen)
[10:01] {jfjf64} lol
[10:01] {dino} pomo stopping at worst possible time
[10:02] {Threei} not even saying it should have never started
[10:02] {Threei} Long Setup: FCX .70 break
[10:02] {Threei} stop under .60
[10:02] {Threei} play half lots
[10:02] {Threei} volatility is huge
[10:02] {jfjf64} too late
[10:03] {jfjf64} bouncccccccccccccccccc
[10:03] {Threei} 1 cent to 1;1...
[10:04] {rizvisy1} I was saying about this volatility...
[10:04] {Threei} (GR) Moody's: Greece economy in multi-year recession; Sees 2011 contraction of 3.3%
[10:05] {Threei} 1:1
[10:05] {jfjf64} you got a fight
[10:05] {Threei} and won it
[10:06] {Threei} 1:2 baby
[10:06] {Threei} me out
[10:06] {jfjf64} you got a fight
[10:06] {Threei} your finger got stuck
[10:06] {jfjf64} lol
[10:06] {Threei} :)
[10:06] {jfjf64} ty
[10:06] {Threei} welcome
[10:07] {jfjf64} volatility
[10:07] {Threei} Short Setup: SLW .65 break
[10:08] {Threei} invalidated
[10:09] {Threei} Short Setup: SLW .75 break
[10:10] {dino} out fdx .02 +.32 ty 3i
[10:10] {Threei} me?
[10:10] {dino} fcx
[10:10] {Threei} welcome of course but I didn't call it
[10:10] {Threei} ah
[10:10] {Threei} :)
[10:10] {dino} can't type today
[10:10] {Threei} SLW 1;1
[10:10] {Threei} today?? you are lucky then
[10:11] {Threei} I can't type, period
[10:11] {dino} yeah, right
[10:11] {Threei} well, considering that I type qwith fins, it may be not too bad of performance
[10:12] {dino} wlk sm l .47
[10:14] {Threei} bipolar market
[10:14] {davd} threei i still have fcx please advise?
[10:15] {Threei} I would be so out, davd
[10:15] {Threei} they wouldn't find me with brightest possibkle headlights on a sunny noon, so out I would be
[10:15] {dino} gj davd
[10:16] {davd} ii
[10:16] {RonS} big es seller here dave in the futes
[10:20] {Threei} Short Setup: YOKU .50 break
[10:20] {Threei} half lot
[10:20] {Threei} if stayns under .65
[10:20] {Threei} even smaller shares
[10:20] {Threei} haf lot maybe too much for this one
[10:21] {Threei} 1;1
[10:25] {Threei} Long Setup: TZA .10 break
[10:27] {jfjf64} cop dtop
[10:27] {jfjf64} ??
[10:27] {samire} is tza still valid
[10:27] {rizvisy1} .10 cents spread in YOKU, wow
[10:27] {Threei} not sure, watching
[10:28] {Threei} that's why "smaller shares" comment, riz
[10:28] {rizvisy1} yeah
[10:29] {Threei} ok, TZA was not very clear, so who skipped it, let's try to catch it on pullback
[10:29] {rizvisy1} me
[10:29] {Threei} which t did while I typed
[10:29] {Threei} sigh
[10:30] {Threei} here it is again
[10:30] {Threei} stop under .95
[10:31] {samire} are u in ?
[10:31] {samire} tza ?
[10:31] {Threei} [10:30] {Threei} here it is again
[10:31] {Threei} [10:30] {Threei} stop under .95
[10:32] {Threei} half out
[10:32] {rizvisy1} cool Vad gj
[10:32] {Threei} stop to .05
[10:32] {Threei} want to try balance for bigger move, to about .45
[10:34] {davd} confused re tza - where are we?
[10:34] {Threei} .11
[10:35] {dino} here
[10:35] {Threei} why is it so confusing??
[10:35] {Threei} that was a break of .10 as initial trigger,
[10:35] {Threei} it was not too clear because of deeper pullback,
[10:35] {Threei} so after break and jump I made a comment about catching it on pullback into trigger
[10:35] {Threei} which it did
[10:35] {rizvisy1} TZA perfect timing Vad
[10:36] {Threei} ty
[10:36] {Threei} what should I change in the way I do running commentary so it would be clearer?
[10:36] {rizvisy1} for pull back catching
[10:36] {davd} ok - too much reading :D
[10:37] {Threei} Research in Motion Ltd O2 in the UK decides against carrying the Blackberry playbook tablet; cites end to end customer experience (update)- O2 is one of the larger carriers in the UK
[10:37] {Threei} another blow to RIMM
[10:38] {Threei} too bad, their tablet is better than Ipad at the hardware/OS level
[10:39] {Threei} (GR) IMF: Must receive a financing agreement from the EU for 12 month term as conditions for a loan to Greece
[10:41] {davd} dollar drop
[10:41] {RonS} p = poof
[10:50] {dino} .
[10:59] {RonS} pir going for a gap fill dino
[11:00] {Threei} Short Setup: SLW .77
[11:01] {Threei} if stays under .85
[11:04] {Threei} .70 break should do the trick
[11:04] {Threei} stop to .81
[11:05] {Threei} half out
[11:06] {patience} in tza
[11:07] {Threei} GR) Greece PM: Have not reached an agreement on a new Greece bailout; issues have now spread and is an issue for greater EUrope
[11:11] {Threei} the biggest mystery of these time is how Euro can be anywhere near 1.40
[11:11] {Threei} it has no business being 1.30, 1.20 or wvwn 1
[11:11] {Threei} even
[11:11] {davd} it has no business being a currency
[11:11] {Threei} right
[11:12] {_nsj100} yep
[11:12] {Threei} simply by virtue of EU having no business to exist
[11:12] {_nsj100} i like gold eagles
[11:13] {Threei} if you settle on golden eagle, I've got one:
[11:13] {Threei} http://3.bp.blogspot.com/-ZkbmhCjT-JM/TbSIOdBX9FI/AAAAAAAAAcY/kZGajHWd-z0/s1600/Image00003.jpg
[11:13] {_nsj100} I like the photo
[11:14] {Threei} ty
[11:14] {RonS} pir classic db reversal which i missed...
[11:14] {_nsj100} i checked out your others too, nice
[11:14] {Threei} I also got the photo illustrating what Greece will do with loaned money:
[11:14] {Threei} http://2.bp.blogspot.com/-IAFh0KAdG6E/TbSIM9sWhgI/AAAAAAAAAcU/U4yfeFRWbLc/s1600/Image00001.jpg
[11:14] {_nsj100} lol
[11:15] {_nsj100} a photo is worth more than 1000 words
[11:16] {Threei} wow, productive day, two imbeciles in one news item:
[11:16] {Threei} (US) Fed's Tarullo: There is a rationale to determine a range of surcharges on systemically important financial institutions (SIFI) - financial services panel comments
[11:16] {Threei} - US Treasury's Brainard: Capital surcharges for SIFIs should have an international standard
[11:16] {rizvisy1} .
[11:16] {Threei} Tarullo and Brainard, you guys are idiots
[11:16] {Threei} despite latter's last name implying otherwise
[11:17] {dino} missed pir too ron, wanted .51
[11:17] {_nsj100} get rif of them all and we can keep the surcharges
[11:18] {Threei} closed SLW balance
[11:18] {RonS} ya, had order for .45 but missed chart signal playing slw
[11:21] {RonS} crox snapping at its 10 mil sh short
[11:23] {RonS} ese sleeping?
[11:31] {RonS} yep
[11:33] {davd} good call re fcx threei - aint moving with market
[11:35] {davd} threei what is the 'tradethenews' rate re your discount
[11:36] {Threei} 10% I think... it was discussed years ago, I just don't remember
[11:36] {davd} ii
[11:42] {RonS} rimm looking like a short...
[11:44] {Threei} to me too
[11:44] {Threei} then again, everything looks like short to me most of the time, lol
[11:51] {dino} hrbn drop
[11:52] {dino} sm l .80
[11:52] {jfjf64} ? sm
[11:52] {jfjf64} .80
[11:53] {RonS} Citron "Loan Fraud and the Docs to Prove It"...hrbn
[11:54] {dino} out hrbn .10, +.30, ty ron
[11:55] {RonS} yw...may have dodged a bullet
[11:55] {dino} looks like it
[11:57] {Threei} Kids book "Go the F**K to Sleep" debuts as #1 on NY Times list
[11:57] {Threei} and then we wonder why those kids are so f**ked up?
[12:00] {RonS} lol dino was the only long in hrbn who made money today
[12:02] {dino} thx agai for the heads up on it
[12:03] {RonS} using stocktwits...seems like someone always has something on a move
[12:05] {RonS} hrbn...some scared of halt
[12:06] {Threei} why
[12:06] {Threei} reason for decline is known
[12:06] {RonS} dunno...rmbs experience?
[12:06] {Threei} circuit-breaker one is possible if volatility increases
[12:06] {Threei} that was curcuit-breaker hatl
[12:07] {RonS} so what still a halt
[12:07] {Threei} not "news dissemaination" one
[12:07] {Threei} no
[12:07] {Threei} very different
[12:07] {Threei} sharp move with no news followed by halt can continue indefinitely,
[12:07] {Threei} sometimes for weeks
[12:07] {Threei} I mean halt can continue
[12:07] {RonS} maybe possibility of junkie chinese stock halt
[12:07] {RonS} :D
[12:08] {Threei} curcuit-b reaker halt, however unpleasant, is a few minutes
[12:08] {RonS} gotcha
[12:08] {Threei} there were halts caused by exchange requesting information,
[12:08] {Threei} those are real killers
[12:09] {Threei} three weeks long one I remember
[12:09] {Threei} and finally news that came out were not too pleasant,
[12:09] {Threei} plus fear accumulated over this time, generating a lot of sell market orders
[12:09] {Threei} opening was, how to say it softly
[12:10] {Threei} like that kids book
[12:10] {Threei} fubared
[12:15] {davd} msft up on rumor
[12:15] {RonS} orcl buyout?
[12:16] {RonS} Ballmer rumored to step down after Windows 8 launch
[12:16] {RonS} rumor originated at Biz Insider
[12:20] {rizvisy1} .
[12:21] {Threei} yikes
[12:21] {Threei} http://www.boston.com/news/nation/washington/articles/2011/06/16/states_to_cut_medicaid_benefits_as_federal_help_ends/
[12:24] {RonS} man, mos broke down hard...
[12:25] {RonS} what a divergence w/ pot
[12:26] {RonS} no news that i see
[12:26] {Threei} nope
[12:27] {Threei} technical move.. 65 was very significant support
[12:27] {Threei} look inverted C&H on daily
[12:27] {Threei} from december
[12:30] {dino} sina sm l .51
[12:31] {nemo} nice dino
[12:31] {dino} thx
[12:31] {dino} out .95, +.44
[12:37] {Threei} what an unbeliavable mess:
[12:37] {Threei} (EU) ECB's Mersch: A disorderly default of a euro zone state would have devastating consequences; emphasizes that monetary policy must never monize public debts
[12:37] {Threei} - Reiterates ECB will not hesitiate to address inflation risks.
[12:37] {Threei} - It is up to governments to come up with a fiscal solution to the euro zone's problems.
[12:37] {Threei} - Disorderly default would likely cause a new financial crisis.
[12:37] {Threei} - Ratings agencies could see debt rescheduling as a credit event.
[12:37] {Threei} - ECB would not accept bonds with extended maturities as collateral.
[12:39] {Threei} Long Setup: TZA .62 if stays above .50
[12:41] {Threei} here is a beauty:
[12:41] {Threei} (GR) Greek opposition leader: weak Greek economy justifies the opposition to the austerity program
[12:41] {Threei} and strong economy wouldn't require any austerity
[12:41] {Threei} so guy has covered all bases
[12:42] {Threei} whatever angle you take, austerity is not needed
[12:42] {Threei} ok market let's reverse finally
[12:43] {Threei} if we roll over, TZA target is about .90
[12:47] {RonS} $COF Wins Bid For ING's US Online Bank for $9B
[12:58] {Threei} 1:1
[13:01] {Threei} target hit
[13:01] {Threei} my a$$ is out
[13:01] {RonS} gj ty
[13:01] {Threei} yw
[13:01] {Threei} probably will do more but I'll leave something on the tbale to more patient ones
[13:02] {_nsj100} niceeee
[13:02] {Threei} thank you but let me make one strict rule be known
[13:03] {Threei} please be careful to make clear distinction, so everyone knows you call a trade nice, not me
[13:03] {_nsj100} oh ya. sorry
[13:03] {Threei} calling me nice is sureffire way to invoke high levels on nastiness in me
[13:03] {Threei} I mean "even higher" levels
[13:04] {davd} i've never called you nice :D
[13:04] {Threei} me and nice don't even exchange postcards on Christmas
[13:04] {Threei} that's why we are still friends, davd
[13:04] {_nsj100} lol
[13:05] {Threei} 1:3 for ya, patient types
[13:05] {patience} still in
[13:06] {Threei} so, let me provide some entertainment for those of you who have vivid imagination
[13:06] {Threei} little pre-story first
[13:06] {davd} out tza .93
[13:07] {Threei} there is a big gala party next week, thrown by a local business network
[13:07] {RonS} ..."in the old soviet union..."
[13:07] {Threei} no, lol
[13:07] {Threei} not being keen to attend those, I p;olitely declined invitation, citing couple very respectable reasons
[13:08] {davd} spy sitting on vwap
[13:08] {Threei} organizers got back to me insiting on invitatio, and accomodating every of those reasons, going way out of their way to do that
[13:08] {Threei} so, declining again would be beyond the rudeness I can afford
[13:09] {Threei} so I accpeted
[13:09] {Threei} and then this hit:
[13:09] {Threei} it's a black tie event
[13:09] {Threei} so... next week, Wed evening, historic event is going to take place
[13:09] {Threei} this jeans and t-shirt guy who wears tie once a decade, going to be taxedo-claad
[13:10] {RonS} the fashion gods be crying...
[13:10] {Threei} crying?
[13:10] {Threei} I think sucide is in order for them
[13:10] {Threei} and I'll gladly provide a rope
[13:11] {RonS} ah well, it will be fun. i for one miss the days when people dressed formally
[13:12] {dino} hrbn in 9s
[13:12] {Threei} I doubt ophotos will be provided for your visual entertainment, so use your imagination and laugh all you want
[13:14] {RonS} my grandpa would put on a suit just to go to town...no weiners in those days
[13:14] {Threei} well, in old Soviet Union (Ron faints) girls would put on full makeup and dress like to the theater - to go to flea market
[13:15] {RonS} so, have it told story of Mt. Angel OR and the babushka?
[13:15] {ese} how come vad?
[13:16] {RonS} I
[13:16] {RonS} mos cannot find a bottom
[13:16] {Threei} dunno ese... just a custom I guess... you don't leave house not outting yourself in order
[13:16] {Threei} puting
[13:17] {Threei} you walk down the street, girls look like models on a catwalk
[13:19] {dino} pir sm l .60
[13:19] {ese} interesting
[13:29] {dino} pir stop -.16
[13:30] {dino} vhi drop
[13:30] {dino} thin
[13:36] {Threei} TZA is a beaut
[13:37] {Threei} I am not very proud of exit timing, but entry was timed as close to perfect as it gets
[13:41] {Threei} dollar since entry
[13:42] {dino} sina sm l .50
[13:44] {patience} still in tza
[13:45] {Threei} vertical spike
[13:46] {Threei} Global banking regulators considering making capital surcharges on largest banks (SIFIs) dependent on size and growth, could serve to deter banks from becoming too large - financial press citing sources
[13:46] {Threei} - Largest banks could face 3% capital surchage, and a 3.5% fee for banks that grow larger than they currently are.
[13:46] {Threei} amazes me...
[13:46] {Threei} who do those cretines think is going to pay that surcharge?
[13:46] {dino} sina stop -.35
[13:48] {_nsj100} another form of taxation
[13:49] {Threei} I am considering changing planet...
[13:49] {Threei} tolerating the combined level of stupidity, insanity and ineptitude on this one becomes harder by day
[13:49] {Threei} Titan on the other hand, has all those sirens...
[13:49] {_nsj100} there is always austrailia. thats another planet
[13:50] {Threei} lol
[13:50] {dino} pir rinsed
[13:55] {dino} vhi sm l ave .07
[13:56] {rizvisy1} .
[13:57] {dino} tzoo sm l .00
[14:05] {RonS} WSJ: $RIMM Says COO Don Morrison On Leave For Medical Reasons
[14:05] {dino} vhi stop
[14:05] {RonS} quote of the day: playbook made him ill...
[14:05] {nemo} yeah, to have his wrists repaired
[14:06] {Threei} lol
[14:07] {RonS} wow mos
[14:13] {RonS} mos weakness finally spilled into group mon cf pot
[14:17] {patience} vad, any sense of tza here?
[14:18] {patience} out for now +$1.08
[14:18] {Threei} SPY still looks to me like downtrending
[14:19] {patience} i see 200 day's breaking, just haven't a sense if there is intervention in the wings
[14:21] {Threei} there is a way to sense intervention?
[14:22] {Threei} or, intervention can reverse SPY?
[14:23] {patience} does this test question involve passing or failing anything?
[14:24] {RonS} wow hrbn
[14:25] {RonS} -55%
[14:25] {Threei} rather, questions the idea that intervention like this is possible, effective, meaningful in any way and/or possible to sense
[14:25] {Threei} charts are charts
[14:26] {Threei} they reflect all forces involved in the market
[14:26] {Threei} any of those forces is intervention
[14:26] {dino} sina sm l .33
[14:26] {RonS} hrbn 1 yr daily looks like hari kiri
[14:26] {Threei} you buy 1000 shares - that's intervention
[14:26] {Threei} some forces are biggr than others
[14:27] {Threei} none of them is big enough to move whole market for any signgificant time or distance
[14:27] {Threei} market is dropping for how many weeks already?
[14:28] {Threei} no one intervened? why not? why would they now?
[14:28] {dino} wtf
[14:28] {dino} calling it a day, i suck
[14:28] {RonS} ya, but i still remeber those opex fed and treasury surprises
[14:28] {Threei} take care dino, will get them tomorrow
[14:29] {dino} thx
[14:30] {RonS} unconfirmed...News is Chinese comming to EU rescue
[14:31] {Threei} haha
[14:31] {Threei} Chinese are about to face their own problems
[14:31] {Threei} with real estate bubble beginning to burst
[14:32] {RonS} quote of the day: china should get their own U
[14:32] {Threei} and their own Ponzi scheme becoming too big to live much longer
[14:33] {Threei} (GR) US Senators Corker (R-TN) and Coburn (R-OK) request Fed Chairman Bernanke issue a report on risk to US banks from a potential Greece default - US financial press
[14:36] {RonS} through chinese history it starts w/ floods and earthquakes...
[14:36] {RonS} 'nother mos downleg
[14:44] {Threei} MOS
[14:44] {Threei} double bottom here
[14:45] {dino} wow sina -44 pts in two weeks
[14:45] {Threei} if holding 60
[14:45] {Threei} invalidated
[14:50] {Threei} Long Setup: MOS .15 break
[14:51] {Threei} Long Setup: MOS .05 break
[14:51] {Threei} sorry, .05 is correct, forget .15
[14:52] {dino} 1257 filled
[14:52] {Threei} half out
[14:52] {Threei} .19
[14:52] {nemo} impressive
[14:53] {dino} gj
[14:53] {Threei} offer 1/4 above .30
[14:53] {Threei} ty
[14:53] {nemo} now...gtfo!
[14:53] {Threei} .33 1/4 out
[14:54] {Threei} decide between exiting around ,45 and trailing stop
[14:55] {RonS} took mos .00 to .45 thanks 3i
[14:55] {Threei} :)
[14:55] {rizvisy1} impressive
[14:56] {rizvisy1} 3i
[14:56] {Threei} you should see me in taxedo...
[14:56] {Threei} out .65
[15:00] {Threei} who can name the setup and list three major components that made it high odds?
[15:01] {rizvisy1} wow +1
[15:01] {Threei} bums... everyone to read COTD today
[15:02] {nemo} double bottom retest of .80 that never came and second bottom inside BBs
[15:02] {Threei} ok, two more components
[15:02] {nemo} hammer candle at .80 and second hammer candle that went no lower than .82
[15:03] {RonS} dead cat bounce off high vol reversal bar
[15:03] {nemo} that's two reversal signals
[15:03] {nemo} yes and high volume on first hammer
[15:03] {Threei} that's it
[15:03] {Threei} all of them
[15:03] {Threei} nemo gets the prize to be determined yet
[15:03] {Threei} the rest - read COTD
[15:03] {nemo} I've seen this act before
[15:03] {Threei} sure... one of our bread and butter setups
[15:03] {nemo} no
[15:04] {nemo} the "prize yet to be determined"
[15:04] {Threei} ah :)
[15:04] {nemo} this is not my first go round
[15:04] {nemo} as long as vaseline isn't included, I'm happy
[15:07] {RonS} nuts
[15:08] {RonS} ye olde scalper's regret...
[15:18] {jfjf64} thinkin slw short into boun ce here
[15:18] {jfjf64} close to 35.00
[15:18] {jfjf64} ?
[15:19] {Threei} 35?
[15:20] {RonS} this is what hit the ags today: The Senate voted to repeal a $6 billion tax credit to ethanol producers, a move that could signal the end of some federal subsidies as part of an eventual budget and debt-ceiling compromise.
[15:20] {jfjf64} yes
[15:20] {Threei} jf... SLW is at 30
[15:20] {RonS} lol
[15:20] {jfjf64} lol
[15:20] {jfjf64} lookin rimm
[15:20] {rizvisy1} 3i is it yorr call/ for SLW?
[15:21] {Threei} unless I am gopelessly drunk
[15:21] {Threei} hopelessly
[15:21] {Threei} riz... answering jf's question
[15:21] {Threei} what call
[15:21] {rizvisy1} oh ok
[15:21] {RonS} who's on first?
[15:21] {Threei} lol
[15:21] {jfjf64} slw rimm
[15:22] {jfjf64} same thing lately
[15:22] {jfjf64} no
[15:22] {Threei} ok, now you just listing symbols
[15:22] {Threei} not making much sense :)
[15:22] {jfjf64} like rimm short here
[15:22] {jfjf64} period
[15:23] {Threei} no
[15:23] {RonS} rimm ah predicition: earnings prpel price...conf call and outlook tank it
[15:23] {Threei} exclamation mark
[15:25] {RonS} wow teva daily
[15:30] {RonS} rimm options suggest a $3.20 move
[15:30] {jfjf64} im lookin for .10 cents
[15:30] {jfjf64} lol
[15:31] {RonS} that is funny...
[15:31] {jfjf64} truth
[15:31] {jfjf64} lol
[15:33] {Threei} RIMM says No 10 cents for you
[15:34] {jfjf64} bet ya
[15:35] {Threei} http://www.realitytrader.com/vad/soupnazi.png
[15:35] {jfjf64} mkt spike rimm says not me
[15:36] {Threei} true
[15:36] {jfjf64} forming c/h
[15:37] {RonS} es futes at vwap
[15:38] {jfjf64} yuk
[15:39] {jfjf64} im sure rince and die
[15:44] {Threei} ok guys, no more trades for today
[15:44] {Threei} that was a very nice day
[15:44] {Threei} thank you all, have a good evening
[15:44] {Threei} see you tomorrow
[15:45] {patience} 2 trades, both good, thanks vad
[15:46] {_nsj100} thank you very much