http://www.facebook.com/RealityTrader/posts/156990777711752
Session Time: Fri Aug 05 00:00:00 2011
[08:30] {Threei} *(US) JULY UNEMPLOYMENT RATE: 9.1% V 9.2%E
[08:30] {Threei} *(US) JULY CHANGE IN NONFARM PAYROLLS: 117K V 85KE; CHANGE IN PRIVATE PAYROLLS: 154K V 113KE- Change in Manufacturing Payrolls:24K v +10Ke
[08:55] {Threei} Ron?
[08:55] {Threei} is it labor day yet??
[08:55] {Threei} did I fall asleep for a month?
[08:56] {RonS} hi, well, when things change, you change...gm
[08:56] {Threei} oh OK... just thought maybe I did miss a whole month
[08:57] {Threei} welcome back
[08:57] {RonS} ty
[08:57] {Threei} missed quite a week
[08:58] {RonS} yep, probably a murphy deal...things will get boring again...
[08:59] {RonS} but hey, you cannot hit home runs if you are not at the plate...
[08:59] {Threei} but, can you hit home runs if you are home?
[09:00] {RonS} way to deep for so early...
[09:00] {RonS} too
[09:00] {Threei} sorry
[09:00] {Threei} back in my shell
[09:01] {nemo} You weren't gone long enough to miss
[09:01] {Threei} lol
[09:01] {Threei} aren't you glad you are back, ron
[09:04] {Threei} 8% Rate Economy Good or Excellent, 64% Say Poor
[09:17] {dino} gm all
[09:17] {Threei} dino :)
[09:17] {larisa} gm :)
[09:17] {Threei} larisa :)
[09:17] {larisa} vad :)
[09:28] {Threei} first thought is short after initial spike
[09:29] {nemo} TLT
[09:30] {Threei} Short Setup: SLW .40 break
[09:30] {Threei} Short Setup: RIMM .90 brak
[09:31] {Threei} SLW change to .50 break
[09:31] {Threei} stop above .60
[09:32] {Threei} RIMM no go
[09:32] {Threei} SLW touched 1:1 but way too fast and I didn't have order in
[09:33] {Threei} stop to .56 SLW
[09:40] {Threei} (US) CEA's Goolsbee: Jobs number shows we must do more for the economy, not satisfied with the jobs number
[09:40] {Threei} idiot
[09:46] {Threei} RIMM rinsed
[09:49] {Threei} Short Setup: SLW .90 break
[09:50] {dino} ndx going to fill that open gap
[09:50] {Threei} stop above 36
[09:50] {Threei} grrr RIMM
[09:50] {dino} feels like dji, s/p too
[09:50] {dino} ndx filled
[09:50] {Threei} 1:1
[09:51] {ese} oh I am here........
[09:52] {Natali} gm:)
[09:52] {Threei} lol ese
[09:52] {Threei} natali :)
[09:52] {dino} s/p filled
[09:53] {Threei} SLW 1:2, out in full
[09:53] {RonS} gj
[09:53] {Threei} ugh, too soon
[09:53] {Threei} but whatever
[09:53] {Threei} RIMM irritated me
[09:54] {Threei} very much too soon
[09:55] {Threei} the toosoonest exit in quite a while
[09:58] {dino} exam sm l .00
[09:58] {Threei} Long Setup: SLWQ 35 break
[09:58] {Threei} SLW
[09:59] {nemo} we bounced off the 50% retracement from July lows 2010
[09:59] {Threei} invalidated but hunting
[09:59] {dino} gaps in market, dji +12 to -.49 in seconds
[09:59] {RonS} wow
[09:59] {dino} trading like pulp
[09:59] {nemo} hemmrhoid pillow and a parachute day
[09:59] {Threei} thanks for the visual
[10:00] {dino} ndx -1.5% already
[10:00] {dino} ppo sm l .35 gappy
[10:02] {dino} dndn sm l .01
[10:02] {Threei} Long Setup: SLW 50 break
[10:02] {nemo} tna
[10:03] {Threei} Euro vs US Dollar Dealers noting of a looming S&P US sovereign downgrade rumor circulating after the bell tonight
[10:03] {nemo} right
[10:04] {nemo} volatility is unnerving
[10:04] {Threei} .35 stop
[10:04] {dino} fwlt sm l .40
[10:06] {Threei} scratching half
[10:06] {Threei} b/e, to keep risk down
[10:06] {dino} chk gap fill early july
[10:06] {dino} chdx drop
[10:06] {RonS} futes whipping like a puppy's tail
[10:06] {Threei} 1:1
[10:07] {dino} chk sm l .65
[10:08] {dino} going green
[10:09] {Threei} EU) Germany budget advisor notes that officials in the EMU have ruled out increasing the size of the EFSF program - financial press
[10:09] {Threei} - Feels that the current discussions going on, ignited by Barroso comments earlier in the week, are counterproductive
[10:09] {Threei} unraveling before our very eyes
[10:09] {Threei} SLW
[10:10] {Threei} one more setup
[10:10] {Threei} .50 break
[10:10] {Threei} if stays above .40 this time
[10:10] {dino} out ppo .20, +.85
[10:12] {Threei} wtg
[10:12] {dino} ty
[10:12] {dino} whippy sucker
[10:12] {dino} out dndn .30
[10:12] {dino} +.30
[10:12] {dino} opps .29
[10:15] {dino} lot of odd symbols, low vol showing up on .07, people selling out
[10:15] {Threei} Long Setup: RIMM .36 break
[10:16] {nemo} VWAP .45
[10:17] {dino} out chk .95, +.30
[10:17] {dino} damn too soon
[10:18] {Threei} RIMM 1:1
[10:18] {dino} csh sm l .29
[10:19] {ese} am back......whole internet got cut off here
[10:20] {Threei} seriously ese... with all the shaw offerings, speed and reliability I can't see why you stay with that crap you have
[10:20] {dino} resistance is futile
[10:20] {ese} I know........
[10:22] {nemo} I wouldn
[10:22] {nemo} 't resist 7 of 9
[10:22] {dino} lol
[10:22] {dino} out fwlt .70, +.30
[10:35] {Threei} missed SLW this time
[10:41] {dino} ppo sm l .71
[10:42] {dino} out .02, +.31
[10:47] {Threei} Short Setup: RIMM .20 break
[10:49] {Threei} no go
[10:52] {dino} sohu sm l .75
[10:53] {dino} coh sm l .51
[10:55] {nemo} slw DB?
[10:57] {Threei} can't tell
[10:57] {Threei} RIMM... still feels like .20 break should work
[10:58] {RonS} gj sohu
[10:58] {dino} out sohu .71, +1.00
[10:58] {dino} opps, .96
[11:05] {RonS} hearing O tv...
[11:05] {Threei} I don't see him
[11:06] {dino} csh stop -.50
[11:07] {Threei} (US) CBO projects that Social Security spending as a portion of GDP will rise from 4.9% in 2010 to 6.1% in 2035
[11:07] {Threei} lol
[11:07] {Threei} 2035
[11:07] {dino} o was speaking on veteran jobs issue
[11:07] {Threei} there won't be any social security long before that
[11:07] {dino} going to raise the age to 70
[11:08] {dino} only solution
[11:09] {dino} ppo sm l .90
[11:12] {Threei} and RIMM works like charm on second break
[11:12] {Threei} asnyone went for it?
[11:13] {dino} ppo stop -.31
[11:15] {dino} fast fall
[11:15] {nemo} If we don't hold here 117.5 next
[11:16] {nemo} 117.75-85
[11:18] {nemo} tza crossed tna
[11:21] {Threei} wow
[11:21] {Threei} didn't tgake long since we spoke about that eh?
[11:21] {dino} nfg
[11:21] {nemo} nope
[11:22] {Threei} btw ron, he IS on
[11:23] {Threei} NFG is a tough one dino
[11:23] {Threei} hatled
[11:23] {Threei} National Fuel Gas Co Notes that a JV in marcellus shale region is unlikely- CEO: Our future growth prospects and the fact that were not capital constrained or up against a schedule of lease expirations sets a pretty high bar. As a result, while we have been relatively close with two different parties over the last two or three months, we ultimately chose not to consummate either of those particular transactions.
[11:24] {dino} thx
[11:25] {dino} chk sm l .50
[11:25] {dino} sohu sm l .98
[11:26] {dino} crazy day
[11:28] {dino} sheesh, -120 to -35 in minute
[11:28] {dino} we are doing days in minutes
[11:28] {Threei} a lot of nervousness out there
[11:28] {dino} indeed
[11:31] {RonS} CNBC said they did not make the seasonal adjustment in this jobs report.
[11:32] {nemo} and they have in every other?
[11:32] {nemo} what's the net net?
[11:32] {RonS} hiding the weenie...
[11:33] {dino} out sohu .46 ave, +.48
[11:34] {dino} put that away ron
[11:34] {dino} ugh sohu
[11:42] {nemo} got a funny feeling lower
[11:42] {Threei} me too
[11:42] {Threei} oanic is about to hit again
[11:42] {nemo} as if that would be some fantastic feat of prognostication
[11:43] {dino} roflol
[11:45] {dino} fwlt sm l .20
[11:45] {Threei} TZA pullback
[11:45] {Threei} watching for entry
[11:45] {Threei} half lot, jumpy
[11:45] {nemo} wait until spy or IWM hits trend line if you can
[11:45] {nemo} imo
[11:45] {nemo} for what it's worth
[11:46] {Threei} crasp
[11:46] {Threei} -s
[11:46] {Threei} =crap
[11:46] {nemo} my frickin charts screwed up again
[11:46] {Threei} missed
[11:47] {nemo} my freestockcharts are betting than the LASER ones today wtf
[11:47] {dino} ndx -2% today, that 7% in two days
[11:48] {nemo} spy 117.69-.84 area for bounce
[11:48] {Threei} argh
[11:48] {Threei} can'
[11:49] {Threei} t believe TZA got away
[11:49] {nemo} focus, regroup, get a grip (stop talking to yourself nemo)
[11:51] {dino} 117.85 held so far
[11:51] {nemo} bounced at .85
[11:54] {nemo} spy doesn't hold 117 area next
[11:54] {dino} sm l csh .72
[11:57] {dino} like a hot knife thru butter
[11:57] {dino} stop csh -.21
[11:58] {dino} -3.2% ndx
[11:58] {RonS} look wlt 2 yr daily...talk about lit up
[11:59] {dino} dndn sm l .00
[11:59] {dino} 40 pts in 3 days wlt
[12:03] {nemo} 2-4 will be reallyinteresting
[12:10] {dino} bottom will be in when bartiromo tells people on cnbc how to short
[12:11] {RonS} man is she looking bad or what?
[12:11] {dino} yea
[12:11] {Threei} hmmm... I see a bald man
[12:11] {Threei} is this how she looks these days??
[12:12] {Threei} TZA
[12:12] {Threei} watching for entry again
[12:12] {dino} sm l ppo .89
[12:12] {dino} 100 pt move two minutes
[12:13] {Threei} look here
[12:13] {Threei} (IT) ECB said to be prepared to purchase Italy and Spain bonds if Italy PM Berlusconi agrees to specific reform measures - financial press- ECB notes that Italy may be preparing to accelerate its welfare reforms and fiscal rules - REMINDER: Italys PM and Fin Min to hold a press conf at 13:00ET
[12:14] {Threei} a whole lot of nervousness around europe happensings
[12:14] {Threei} in TZA half lot
[12:14] {Threei} .97
[12:14] {Threei} sheesh
[12:14] {Threei} out
[12:14] {Threei} .30
[12:14] {Threei} +.33
[12:14] {Threei} mama
[12:14] {dino} think they have to buy them, then eventually spin them off as brady bond type
[12:15] {RonS} got ppo .95 to 58.46 thanks dino
[12:15] {Threei} nice
[12:16] {dino} gj
[12:16] {dino} getting greedy here
[12:16] {Threei} look at the speed of this thing
[12:16] {dino} going green dji
[12:16] {Threei} scary to call, it moves faster than I can blink, let alone comment
[12:18] {dino} out ppo .65, +.67
[12:30] {ese} .
[12:32] {dino} took couple hours but out exam .35, +.35
[12:36] {Threei} (US) White House Press Sec: Treasury Sec Geithner has been working very closely with European partners; Europe's trouble has impacted the US economy
[12:44] {dino} 300 pt range
[12:44] {Threei} http://www.facebook.com/RealityTrader/posts/156990777711752
[12:45] {Threei} lol, market just spiked on this peice of crap:
[12:45] {Threei} (IT) Italy govt to announce it will speed up reforms - Sky News
[12:45] {dino} out fwlt .55, +.35
[12:48] {dino} out chk .00, +.50
[12:49] {dino} gotta hop for hour or so, be back around 2:00
[12:54] {larisa} I bet we will close RED :)
[12:56] {dino} +200
[12:56] {larisa} wow :)
[12:56] {nemo} 119.75ish
[12:57] {larisa} nem, this is not dramatic, pick -200 or +400 :)
[12:57] {larisa} nemo :)
[13:09] {Threei} (IT) Italy Govt delays press conference by 30 mins to 17:30GMT (13:30ET)
[13:10] {Threei} (EU) ECB spokesperson declines to comment on the press reports the ECB could purchase Spain and Italy bonds
[13:10] {Threei} uh oh'
[13:11] {Threei} if turns out whole hoopla was just to try and support the market, that will be the end to credibility of their "announcements"
[13:48] {Threei} *(IT) ITALY PM BERLUSCONI: THE CURRENT SITUATION NEEDS COORDINATION BY MANY COUNTRIES; HAVE SPOKEN WITH EU LEADERS TODAY ON ITALY
[13:49] {nemo} that's the definition of a clusterfornication
[13:49] {Threei} Long Setup: TZA 49 break'
[13:49] {Threei} half lot
[13:50] {ese} days like this must drive you crazy on the board vad will goof balls like me not really interested in trading until i figure out whats going on
[13:50] {ese} with
[13:51] {Threei} nah, I just sleep through it all
[13:51] {ese} lol
[13:53] {ese} speaking of whats going on........small relief rally then there she blows....down she goes
[13:53] {ese} thats what my money says
[13:54] {RonS} small = 46 spx points off low?
[13:54] {Threei} well... most likely but one thing to keep in mind:
[13:54] {Threei} Europe spews one news headline after another now
[13:55] {ese} ya
[13:55] {Threei} and they have impact
[13:55] {Threei} that's why yesterday was so much easier than today
[13:56] {ese} hmmmm
[14:04] {dino} .
[14:07] {Threei} what a mess, lol
[14:08] {Threei} no slightest idea where we are likely to end today
[14:08] {Threei} guts says red
[14:10] {larisa} I already said that, so i win with ANY red :) to beat me you have to say how red :)
[14:12] {Threei} hmmm
[14:12] {Threei} very red?
[14:12] {RonS} commie red?
[14:14] {dino} crimson
[14:14] {dino} altho sticking w/my +200
[14:16] {RonS} hey nemo, tommy james & the shondells...
[14:18] {nemo} what about em?
[14:19] {RonS} crimson & clover
[14:19] {nemo} ahhh
[14:19] {nemo} got it
[14:20] {dino} joan jett?
[14:21] {nemo} cover
[14:22] {RonS} eur ticking higher...
[14:49] {dino} wtw bears raises, drops
[14:49] {dino} beats
[14:51] {dino} wtw sm l .96
[15:07] {dino} stopped -.32
[15:11] {dino} rinsed
[15:12] {dino} ost about 140 in hour
[15:12] {Threei} Long Setup: TZA
[15:12] {Threei} half lot
[15:13] {Threei} 51 break
[15:13] {Threei} .80 break now
[15:13] {larisa} keep going :)
[15:13] {Threei} .60
[15:13] {larisa} it so crazy today
[15:13] {Threei} yes, intend to
[15:13] {Threei} 15 - 20 cents miniranges
[15:13] {dino} up 50 in minute
[15:13] {nemo} indexes going north to vwap no shorts
[15:14] {Threei} .40
[15:14] {Threei} stop under .25
[15:14] {Threei} 1:1
[15:20] {dino} wtw sm l .30
[15:21] {dino} wlt sm l .55
[15:31] {dino} out wtw .72, +.42
[15:33] {Threei} Long Setup: TZA 51 break
[15:33] {Threei} half lot
[15:36] {Threei} valid again - if not losing .85 anymore
[15:36] {Threei} in
[15:37] {Threei} nope
[15:37] {Threei} whippy day
[15:37] {Threei} I liked yesterday and the whole week before that much more
[15:38] {larisa} will be funny if we shoot all the way to dino's +200 :)
[15:39] {Threei} hard to imagine... but stranger things have happened
[15:39] {dino} just spiked
[15:40] {Threei} (US) IBD/TIPP June Economic Optimism Index: 35.8 v 41.4 m/m (all time low) - press**Data not released at its scheduled time, unclear if embargo broken or if data is in error
[15:40] {dino} shorts need cajones if they hold over weekend w/europe meetings, imo
[15:40] {Threei} so do longs, lol
[15:41] {dino} i'd rather be long
[15:55] {Threei} OK, I believe it's time to take a rest from this tiresome albeit profitable week
[15:55] {larisa} bye :)
[15:55] {Threei} today not so much, about even
[15:55] {Threei} but the rest was rather fine
[15:56] {Threei} have a great weekend guys
[15:56] {Threei} see you on Monday
[15:56] {dino} cya
[15:56] {nemo} gn