Session Time: Tue Jul 05 00:00:00 2011
[08:45] {dino> gm all
[08:45] {Threei> morning dino
[09:07] {_edusantos> gm
[09:08] {Threei> edu :)
[09:10] {samire> gm
[09:10] {Threei> samire :)
[09:16] {ese> good morning
[09:17] {Threei> ese :)
[09:17] {larisa> gm :)
[09:17] {Threei> larisa :)
[09:17] {ese> vad laris
[09:17] {larisa> vad, ese :)
[09:18] {Threei> what's with SLW
[09:20] {patience> gold is up huge, silver up
[09:20] {Threei> so, everyone had great long weekend?
[09:20] {RonS> gm...price of silver, slv?
[09:20] {patience> unbelievable
[09:20] {Threei> food? fireworks? fishing?
[09:20] {ese> i'm here to report this morning that there is a shiskabob barbecuing genius amongst us........not only that he's a pretty good trader too
[09:20] {patience> shish kabob was fantastic
[09:21] {patience> ty vad, didn't have to eat on sunday, was still full from shish kabob ...is there any left?
[09:21] {Threei> you are welcome, and no
[09:21] {Threei> :)
[09:21] {ese> very very good question?
[09:21] {patience> none for you ese
[09:21] {ese> rats
[09:21] {patience> btw ese, watched you and band perform downtown
[09:21] {patience> was wonderful, big crowd
[09:21] {Threei> high protein diet, you know... I had it for breakfast, lunch, dinner and supper
[09:22] {ese> lol
[09:22] {ese> ya well........i'd have it too when it tastes that good
[09:23] {Threei> (GR) Netherlands Fin Min reiterates that must prevent a credit event for Greece
[09:23] {Threei> good luck with that
[09:23] {ese> ya i'll say
[09:23] {Threei> they try hard to come up with another name for default, but rating agencies get in the way, by saying that whatever they call it, they will still consider it credit event
[09:24] {nemo> weird...how can IWM be down and TNA up?
[09:25] {Threei> that's nothing nemo... the day you see both TNA and TZA up - that's when I will join you in amazement
[09:27] {nemo> that's wrong...what do you guys have for IWM TNA quotes
[09:28] {_carson> gm
[09:28] {Threei> carson :)
[09:28] {nemo> What are your quotes Vad, this ain't right
[09:28] {Threei> IWM -.23
[09:28] {nemo> yeah and
[09:28] {Threei> TNA +.14
[09:28] {nemo> that can't be right
[09:28] {jfjf64> mornin
[09:29] {Threei> jf :)
[09:29] {_carson> wow oil up huge
[09:32] {Threei> Long Setup: SLW .60 break
[09:33] {Threei> invalidated
[09:33] {nemo> ,35 pivot support
[09:34] {Threei> ty, let's watch for double bottom around .40
[09:34] {Threei> Short Setup: RIMM .40 break
[09:35] {_carson> .50 stop ?
[09:35] {Threei> Long Setup: SLW .45 break
[09:35] {Threei> stop under .35
[09:35] {Threei> RIMM, if stays under .50
[09:36] {Threei> invalidated
[09:36] {Threei> SLW 1:1
[09:36] {_carson> OMG DAMN
[09:36] {_carson> i shorted SLW by mistake
[09:36] {Threei> ?
[09:36] {_carson> omg
[09:36] {_carson> i had my rimm preview
[09:37] {Threei> Short Setup: RIMM .50 break
[09:38] {Threei> invalidated
[09:38] {Threei> you are about b/e on SLW
[09:38] {Threei> get out
[09:39] {Threei> Long Setup: FCX .80 break
[09:40] {_carson> yeah
[09:40] {Threei> if loses .70, next area for entry is under .60
[09:40] {jfjf64> sndk
[09:40] {jfjf64> .80 break
[09:40] {jfjf64> s
[09:40] {Threei> invalidated, watch for .50 - .60 setup
[09:41] {patience> in tza
[09:42] {Threei> Long Setup: FCX .60 break
[09:42] {Threei> if holding .50
[09:43] {Threei> not a scalp
[09:43] {Threei> target .85 - .95
[09:43] {patience> in su.to (suncor)
[09:44] {Threei> 3 partials
[09:44] {_carson> its showing weakness
[09:44] {_carson> how do you project ur exits
[09:45] {dino> goro sm l .00 stop .73
[09:47] {nemo> factory numbers at 10
[09:47] {jfjf64> .68
[09:47] {Threei> 1:1, first part out
[09:47] {jfjf64> move out
[09:47] {dino> goro stopped
[09:47] {jfjf64> yes
[09:47] {Threei> stop to .55
[09:48] {_carson> same here
[09:48] {_carson> ty vad
[09:48] {Threei> yw
[09:48] {_carson> i would be very nicely into the green if not for that SLW wrong selection....lol
[09:48] {_carson> geez
[09:49] {dino> open spike
[09:49] {Threei> mistakes happen... make a point to watch for this kind of error, and move on
[09:49] {nemo> HAL
[09:49] {jfjf64> watchin
[09:50] {nemo> blew through on me
[09:50] {jfjf64> wow
[09:51] {_carson> look at SLW run vad
[09:52] {Threei> yeah... showed no setup for another entery
[09:53] {Threei> Short Setup: RIMM .50 break
[09:53] {dino> goro rinsed
[09:54] {_carson> die rimmmmmm
[09:55] {dino> azz sm s .30 stop hod
[09:55] {Threei> {RIMM> meanie... :(
[09:57] {nemo> numbers in 2 minutes, I'd scratch
[09:58] {_carson> which ones nemo
[09:58] {Threei> was 1 cent to 1:1... I'd trail stop to .55 rather than scratching
[09:59] {_carson> buying going on
[09:59] {samire> took fcx long on 1 min chart
[09:59] {samire> @ .47
[10:00] {samire> made my day
[10:00] {nemo> Factory Orders
[10:00] {Threei> good one samire
[10:00] {Threei> bad numbers
[10:00] {samire> thanx
[10:00] {Threei> 1:1 RIMM
[10:00] {Threei> *(US) MAY FACTORY ORDERS: 0.8% V 1.0%E
[10:01] {Threei> stop to .51 if partialing
[10:04] {Threei> Long Setup: FCX .70 break
[10:05] {Threei> invalidated
[10:05] {_carson> that thing is really swinging today
[10:07] {Threei> Long Setup: FCX .65 break
[10:07] {Threei> stop under .55
[10:10] {jfjf64> break wedge fcx
[10:10] {_carson> whats that mean
[10:10] {_carson> ty
[10:10] {jfjf64> dont mind me carson
[10:10] {_carson> i see wedge..and i guess break it ?
[10:10] {Threei> nothing really carson... jf just puts random words together
[10:11] {jfjf64> ty
[10:11] {Threei> learned that from nemo
[10:11] {jfjf64> correct
[10:11] {Threei> both do that to haunt me
[10:11] {jfjf64> my mentor
[10:11] {nemo> ?
[10:11] {_carson> this thing cant catch a bid
[10:11] {_carson> it disappears like poof on the L2
[10:12] {jfjf64> poof
[10:12] {dino> jazz spike
[10:13] {dino> goro sm l .75
[10:14] {Threei> .70 break should catapult FCX
[10:14] {_carson> yeah if we get there...hopefully
[10:15] {jfjf64> steady vol
[10:16] {_carson> you dont think this is a revesal day for the market...i mean FCX has run big too
[10:16] {dino> out goro .10, +.35
[10:16] {nemo> market might just work this off sideways
[10:16] {Threei> no go
[10:17] {Threei> I've no idea carson
[10:17] {Threei> and belive me, no one else does
[10:26] {Threei> Long Setup: TNA .80 break
[10:26] {Threei> stop under .70
[10:27] {Threei> 1;1
[10:27] {nemo> hold ut until spy gets to .70 or so
[10:27] {jfjf64> go vad go vad
[10:28] {Threei> as long as you don't add "away"...
[10:28] {nemo> how about "home"?
[10:28] {Threei> 1:2
[10:28] {Threei> that I like
[10:28] {_carson> damn
[10:28] {Threei> gosh.... carson, do you have to curse every winning trade of mine?? :)
[10:29] {_carson> goo TNA
[10:29] {Threei> out
[10:30] {nemo> no no no
[10:30] {dino> lol
[10:30] {Threei> watching TZA for entry
[10:30] {Threei> want it closer to .10
[10:30] {Threei> possibly under
[10:30] {nemo> fcx .25
[10:31] {_carson> TNA 1:5 from your call
[10:31] {nemo> 1/4 more tna here
[10:31] {nemo> 1/2 out fcx
[10:31] {Threei> nice management nemo
[10:32] {nemo> VAD my entry and yours hit exactly
[10:32] {Threei> cool :)
[10:32] {nemo> tying to get .45 for last part
[10:32] {Threei> hope you get it, then I'll get my perfect TZA entry
[10:36] {dino> hsp sm l .45
[10:36] {_carson> lol @ RIMM
[10:36] {nemo> stop below .20 last half fcx
[10:36] {_carson> nice and slow rimm
[10:36] {nemo> stop below 85 last TNA
[10:37] {nemo> watching spy out going below .63
[10:37] {nemo> out tna
[10:38] {nemo> oops, maybe rinse tna
[10:40] {nemo> might add fcx above .40
[10:40] {nemo> yeah .42
[10:41] {nemo> stop .29
[10:46] {nemo> 1/4 more original lot .46
[10:46] {samire> Vad.....CCJ ????where is a good entery ?
[10:46] {jfjf64> nice nemo
[10:46] {nemo> took .50 on 2nd lot...that was lucky
[10:46] {jfjf64> nflx
[10:46] {jfjf64> ignor
[10:46] {nemo> rinsed on last of tna
[10:47] {Threei> should be soon, samire
[10:47] {Threei> not yet
[10:47] {nemo> stop .39 fcx
[10:48] {_carson> wow nice trade nemo
[10:48] {nemo> busy trade, not sure how nice it was
[10:48] {Threei> crasp... TZA just refused to dive under .10
[10:49] {nemo> .12 is vwap Vad
[10:49] {_carson> TNA entry ?
[10:53] {nemo> tna here
[10:53] {samire> looking to go long ccj above .21
[10:53] {samire> 5 min chart
[10:53] {samire> what do u think Vad ?
[10:54] {Threei> nah
[10:54] {Threei> not delighted
[10:54] {samire> ok
[10:54] {_carson> vad
[10:54] {_carson> lol
[10:54] {_carson> RIMM
[10:54] {_carson> 29 break?
[10:54] {_carson> its never broken its previous 2s high by much
[10:54] {Threei> too perfect chart, RIMM
[10:55] {Threei> I prefer to wait while those that go for obvious get killed, then get in on a rinse
[10:55] {_carson> ok :)
[10:56] {Threei> that dive under 29 shook out first portion of bottom hunters
[10:57] {Threei> if there are more of them still hanging, anther shake is to follow,
[10:57] {Threei> if not, .10 break will be long trigger
[10:57] {_carson> when do u go short though
[10:57] {Threei> short?
[10:58] {Threei> I am not shorting RIMM here
[10:58] {nemo> too much support from yesterday
[10:58] {_carson> kkk
[10:58] {jfjf64> yup
[10:58] {Threei> it's trying to bottom out and reverse
[10:59] {Threei> only question is, do it here or kill some more premature bottom fishers
[10:59] {Threei> CCJ starts looking better samire
[10:59] {samire> please advice
[10:59] {Threei> probably ready
[11:00] {Threei> Long Setup: CCJ .20 break
[11:00] {Threei> Long Setup: RIMM .10 break
[11:00] {Threei> actually
[11:00] {Threei> .05 break
[11:00] {Threei> let's keep it tighter and more agressive
[11:01] {Threei> .95 is invalidation
[11:04] {Threei> invalidated
[11:04] {_carson> tough to go bottom fishing
[11:04] {_carson> SPY new lows
[11:05] {Threei> no trigger, no harm
[11:06] {Threei> CCJ no go
[11:08] {Threei> Long Setup: TZA .45
[11:13] {Threei> needless to say, invalidated
[11:19] {Threei> missed RIMM reversal
[11:19] {Threei> decent double bottom
[11:20] {Threei> if nothing else, look at 1 min for educational purposes
[11:21] {dino> ntct sm l .75
[11:21] {Threei> first bottom is outside of BBs, second is inside, nice tails on both
[11:21] {Threei> volume is lower on second one
[11:21] {pragmatic> BB?
[11:21] {Threei> bollinger bands
[11:22] {pragmatic> ah, ok
[11:25] {samire> PTIE
[11:27] {jfjf64> ccj rince
[11:27] {dino> vhi spike thin
[11:30] {dino> hhc sm s .12
[11:38] {ese> . i'm still here
[11:55] {samire> how is tza here ?
[11:55] {Threei> not really liking it
[11:56] {Threei> if SPY breaks .80, it will kill TZA
[11:58] {jfjf64> slw steady grind up
[12:10] {Threei> see TZA?
[12:14] {samire> yes
[12:29] {samire> lunch slow down
[12:31] {samire> look at PTIE
[12:40] {samire> no easymoney todAY
[12:42] {dino> nope
[12:42] {Threei> morning looked fine to me
[12:44] {samire> i am slightly green
[12:45] {samire> r u green Vad ?
[12:45] {Threei> I traded my calls
[12:45] {Threei> do they show green?
[12:46] {samire> not sure...could not catch all
[12:53] {jfjf64> lulu d top
[12:53] {jfjf64> nop
[12:53] {jfjf64> e
[12:54] {Threei> Long Setup: TZA 33 break
[12:55] {Threei> would correspond with SPY breaking .80
[13:08] {Threei> invalidated
[13:09] {nemo> iwm and spy likely to test today's high if not Friday's
[13:12] {Threei> be back in 20
[13:35] {Threei> back
[13:36] {Threei> not much changed eh?
[13:36] {jfjf64> lol
[13:38] {dino> ilmn spike
[13:41] {dino> sm s .65
[13:42] {dino> stopped
[13:45] {Threei> 22% View Geithner Favorably
[13:45] {Threei> they must be those who are not sure who he is?
[13:46] {Threei> 53% Favor Repeal of Health Care Law As Expectation of Repeal Hits New High
[13:46] {jfjf64> plays 1st base for red sox correct
[13:47] {nemo> Adrian Gonzalez
[13:48] {jfjf64> ahh thought geithner
[13:48] {jfjf64> my wrong
[13:48] {nemo> understatement
[13:50] {dino> another rinse
[13:51] {nemo> that time of the year again
[13:55] {_carson> NFLX today...wow
[13:56] {_carson> TNA...had at $84.80 ... lol Vad...dayyeemm big movers
[13:56] {_carson> took that loss on CCJ ..what a bounce
[13:57] {jfjf64> afraid to l;ook
[13:57] {_carson> .40
[13:58] {_carson> lol every losing trade would now be in green...lol what a day
[14:03] {Threei> *(PO) MOODY'S DOWNGRADES PORTUGAL
[14:05] {dino> shocking
[14:06] {patience> surprising don't you think
[14:06] {dino> indeed
[14:06] {nemo> yeah, bfd..this is just to flush stops
[14:06] {patience> yup, i'm thinking the same nemo
[14:07] {nemo> spy holding
[14:17] {nemo> spy vwap .74
[14:22] {Threei> detauils of downgrade are grim
[14:23] {_carson> wowwww
[14:23] {Threei> FOUR NOTCHES TO Ba2 from Baa1, now JUNK STATUS; outlook Negative
[14:23] {_carson> SPY is just diving like a mad cow
[14:23] {_carson> time to short?
[14:23] {Threei> Downgrade places Portugal in "Non-Investment Grade Speculative" category
[14:23] {Threei> growing risk that Portugal will require a second round of official financing before it can return to the private market, and the increasing possibility that private sector creditor participation will be required as a pre-condition.
[14:24] {Threei> Heightened concerns that Portugal will not be able to fully achieve the deficit reduction and debt stabilisation targets set out in its loan agreement with the European Union (EU) and International Monetary Fund (IMF) due to the formidable challenges the country is facing in reducing spending, increasing tax compliance, achieving economic growth and supporting the banking system
[14:29] {Threei> Short Setup: RIMM .65 break
[14:31] {_carson> load up the boat short
[14:32] {dino> cov hhc .08. +.04
[14:33] {_carson> Vad, what does it mean when a price point gets flooded with trades like that
[14:33] {_carson> 28.63
[14:33] {_carson> lots of 100 share lots in like 1 second
[14:37] {dino> bcpc sm l .95
[14:41] {Threei> nothing...
[14:41] {Threei> just trades
[14:42] {jfjf64> still in rimm
[14:44] {Threei> nope
[14:45] {_carson> wouldve been a green day if i wasnt stupid :)
[14:55] {samire> back
[15:13] {_edusantos> bye all. see you tomorrow
[15:13] {Threei> take care edu
[15:29] {Threei> (US) President Obama to make brief speech at 16:40ET today with regards to status of deficit talks
[15:29] {nemo> barring political moves, gap up tomorrow
[15:31] {_carson> whys that nemo
[15:31] {dino> as usual, he will most likely be scolding the republicans
[15:32] {nemo> looking at the charts, they needd to test recent swing highs
[15:33] {nemo> all your trend lines are still intact
[15:34] {nemo> in spy likely to pull back to support in the .40-.70 area after that
[15:34] {nemo> then with earnings next week, launch pad is set
[15:35] {nemo> here's spy: http://www.freestockcharts.com?emailChartID=e8b12147-f1c9-444e-a989-4ba933364188
[15:35] {nemo> Here's IWM: http://www.freestockcharts.com?emailChartID=d5e8fe9b-63ca-421b-9768-47bd0e9b816f
[15:36] {nemo> wpp=weekly pivot mpp=monthly pivot qpp=quarterly pivot spp=semesterly pivot. They all changed last week, and they are very close together
[15:37] {nemo> So, barring REALLY bad news, will likely serve as support going into earnings
[15:37] {Threei> we need some big negative event
[15:38] {Threei> othrwise this summer trading will be suffocatingly boring
[15:38] {nemo> I'll be talking to the rabbit all day
[15:46] {samire> i can not complain ...i am green
[15:46] {patience> great day for me, cashed out half though
[15:49] {jfjf64> ouutta here
[15:49] {dino> struggling the last 3 days
[15:51] {patience> i have been scalping gold calls dino
[15:53] {_carson> green? long ways from it..hahah im red as an apple
[15:53] {_carson> :(
[15:54] {Threei> well, if you continue buying on short calls... :)
[15:54] {Threei> or shorting on long
[15:56] {dino> gj patience
[15:56] {Threei> ok guys, let's see what we can squeeze out of this tomorrow
[15:56] {Threei> have a good evening, see you in the morning
[15:58] {larisa> bye :)
[15:59] {_carson> haha vad. u just had to say that eh
[15:59] {_carson> :D
[15:59] {_carson> cya
