Thursday, September 1, 2011

Sep 01 2011

Very nice day with many good trades and very few stops. Patient hunt for setups yielded quite a few scalps  1:3s and this nice one below:

Session Time: Thu Sep 01 00:00:01 2011
[08:30] {Threei}  *(US) INITIAL JOBLESS CLAIMS: 409K V 410KE; CONTINUING CLAIMS: 3.74M V 3.681ME
[09:01] {Threei}  let's wake up?
[09:01] {Threei}  or it's not necessary
[09:02] {nemo} I was up all night
[09:03] {Threei}  why?
[09:03] {Threei}  not that it's my business
[09:03] {nemo} couldn't sleep
06[09:03] * pragmatic yawn
[09:03] {nemo} bunny was stomping around the house all night
06[09:04] * Threei mails nemo a box of sleep aid (whch is just a couple bricks to hit oneself over the head)
[09:04] {pragmatic} why himself? bricks should be for bunnies
[09:04] {Threei}  no way
[09:04] {Threei}  he loves that thing
[09:05] {nemo} nobody touches bunny
[09:05] {pragmatic} UVIC did
[09:05] {nemo} ?
[09:05] {Threei}  UVIC didn't touch HIS bunny
[09:05] {pragmatic} UVIC killed al the bunnies
[09:05] {pragmatic} ahh
[09:05] {Threei}  well, they evcauated many
[09:05] {pragmatic} "evacuated"
[09:06] {Threei}  well, if you decide to correct my mistypes, it will keep you busy all day long :)
[09:06] {nemo} what they do, take them skydiving over the pacific without a parachute?
[09:06] {Threei}  remember, I type with my fins
[09:06] {Threei}  it was a huge story here, nemo... dragged on for years
[09:07] {nemo} yeah, you've told me
[09:07] {Threei}  one of the last headlines:
[09:07] {Threei}  20 Jan 2011  The University of Victoria is changing its rabbit policy from trap and relocate to trap and kill.
[09:11] {pragmatic} is that official ?
[09:12] {Threei}  yes
[09:13] {Threei}  it's their message "don't dump your pets here or they'll be killed"
[09:13] {larisa} gm :)
[09:13] {Threei}  larisa :)
[09:14] {larisa} vad :)
[09:15] {nemo} geez, we're going to open up relatively flat...did the world end?
[09:15] {Threei}  about to
[09:20] {Threei}  I nominate the fight about the date for president speech as the most stupid and unnecessary fight of 2011
[09:28] {Threei}  FYI
[09:28] {Threei}
[09:28] {pragmatic} BTW, today is septemebr the 1st. The Summer is over
[09:29] {Threei}  well, officially it's over Sept 22, isn't it
[09:29] {Threei}  and market wise, it's over after labor day
[09:30] {Threei}  RIMM
[09:30] {Threei}  watching it for short as first trade
[09:30] {Threei}  need bounce now
[09:31] {Threei} Short Setup: RIMM  .40 break
[09:31] {Threei}  lol
[09:31] {pragmatic} wth
[09:31] {Threei}  stop above .,50 if you got it
[09:31] {Threei}  1:1
[09:31] {Threei}  etc
[09:31] {nemo} wise ass
[09:33] {Threei} Short Setup: RIMM  .50 break
[09:33] {Threei}  if stays under .60
[09:33] {nemo} .55 looks break level
[09:33] {Threei}  invalidated
[09:33] {Threei}  .60 break new setup
[09:34] {Threei}  stop above .70
[09:35] {Threei}  no go
[09:36] {Threei}  (FR) ECB's Nowotny: Does not believe that France could lose its AAA sovereign rating
[09:36] {Threei}  FCX is a bit ahead of itself
[09:37] {Threei} Short Setup: FCX  .40 break
[09:38] {Threei}  if stays under .50
[09:38] {Threei}  invalidated but on radar
[09:39] {Threei}  grr
[09:39] {Threei}  no trigger
[09:39] {Threei}  .50 was pretty much arbitrary
[09:39] {Threei}  sudden SPY drop
[09:40] {Threei}  no news
[09:40] {nemo} ism numbers 10
[09:42] {Threei}  let's see if we get clear short into bounce
[09:42] {Threei}  FCX would be ideally on .430 recross, after bouncing above .40 but staying under .50
[09:43] {nemo} pivot is .44 and vwap .18
[09:43] {Threei}  and RIMM .70, same idea, staying under .80
[09:44] {Threei}  doesn't look like we are to get those bounces
[09:48] {Threei}  ok, now maybe finally
[09:50] {Threei}  something'sa worng
[09:50] {Threei}  wrong too
[09:50] {Threei}  SPY is getting hit pretty heavy
[09:50] {nemo} maybe they sent the machines to the Caymans for the weekend
[09:51] {Threei}  it plays along well with my post on market underlyong weakness... we are just not getting clean setups
[09:54] {Threei} Short Setup: SLW  .20 break
[09:54] {Threei}  if stays under .30
[09:56] {Threei}  let's trail to .25
[09:57] {Threei}  numbers are too close
[09:57] {Threei}  1:1
[09:58] {nemo} number at 10
[09:58] {Threei}  [09:57] {Threei} numbers are too close
[09:58] {Threei}  take me off ignore nemo, will ya
[09:59] {Threei}  if you partial, follow the standard procedure
[09:59] {Threei}  half out, stop to .21
[10:00] {Threei}  *(US) AUG ISM MANUFACTURING: 50.6 V 48.5E; PRICES PAID: 55.5 V 55.0E
[10:00] {pragmatic} wow
[10:00] {Threei}  *(US) JULY CONSTRUCTION SPENDING M/M: -1.3% V 0.2%E
[10:00] {Threei}  wow's right
[10:00] {pragmatic} I was shorting TZA at .70
[10:00] {nemo} ?
[10:01] {pragmatic} 40.70
[10:01] {Threei}  shorting TZA?
[10:01] {nemo} you were long tza
[10:01] {nemo} ?
[10:01] {pragmatic} short
[10:01] {Threei}  who shorts TZA, lol
[10:01] {pragmatic} I got my shares at premarket
[10:01] {Threei}  go long TNA
[10:02] {pragmatic} what is wrong about TZA ?
[10:02] {pragmatic} besides it is too volatile
[10:03] {nemo} they're both volatile, especially when they're close in price
[10:03] {pragmatic} do you know how to show timestamps in mirc ?
[10:05] {Threei} Short Setup: SLW  .40 break
[10:05] {Threei}  stop abkve .50
[10:06] {Threei}  1:1
[10:06] {pragmatic} tx SLW
[10:06] {Threei}  yw
[10:07] {Threei}  prepared FCX short alert at .80, and it was waaaay too fast
[10:07] {pragmatic} I can't hold yet, but 1:1 works for me well at this stahe
[10:07] {pragmatic} stage
[10:07] {ese} morning...hmmm didn't think that i was in
[10:07] {Threei}  now you can activate timestamps by right-clicking on the channel name in the upper bar, and picking TimeStamp line in dropdown menu
[10:07] {Threei}  hey ese
[10:09] {Threei}  ese, look dcc pls
[10:09] {Threei} Short Setup: RIMM  .75
[10:10] {Threei}  if stays under .85
[10:12] {Threei}  valid again
[10:15] {Threei}  no go
[10:16] {Threei}  RIMM doesn't behavce today
[10:16] {Threei}  leaving it alone for now
[10:18] {Threei} Short Setup: GEF  .30 break half lot
[10:19] {Threei}  stop above .45
[10:20] {Threei}  feel free to cover
[10:21] {Threei}  I am out
[10:21] {Threei}  wow, too early
[10:22] {Threei}  Euro vs US Dollar Dealers focusing on the employment component of ISM data, aiding some risk aversion flows- - The better-than-expected ISM data bucked the global trend and remained above the 50 level but the employment component was at its lowest level since mid-2009 and provided the USD with some tailwinds in the session.
[10:23] {Threei}  looking at USD daily... we may have serious trend reversal in the making
[10:25] {patience} good morning, need coffee vad, USD seriously trending up?
[10:25] {Threei}  morning
[10:26] {Threei}  wait, I am not sure what to do first, serve you coffee or analyze USD
[10:26] {pragmatic} :)
[10:26] {patience} coffee
[10:26] {patience} :)
[10:31] {nemo} rimm .25 offer
[10:32] {Threei}  was looking at FCX .20 break as short, and dxecided against it
[10:33] {Threei}  not good grasp on the market today
[10:33] {Threei}  must be nemo fault... not sure how, but it just must be
06[10:34] * pragmatic spilled my coffee all over the table (including the keyboard and the mouse)
[10:34] {nemo} sucks being you
[10:35] {Threei}  was it that same coffee patience craved so much?
[10:35] {pragmatic} yup
[10:40] {Threei}  my very last try with RIMM today
[10:40] {Threei} Long Setup:  RIMM  .25
[10:40] {Threei}  if stays above .15
[10:41] {Threei}  invalidated
[10:42] {Threei}  (and I feel relief)
[10:48] {Threei}  I have strong feeling we are about to roll over and go into red
[10:50] {Threei} Long Setup:  TZA  .30 break
[10:50] {Threei}  if stays above .15
[10:51] {Threei}  invalidated
[10:51] {Threei}  hnting for another trigger
[10:51] {Threei}  .20 break
[10:51] {Threei}  if stays above 40
[10:51] {Threei}  .10 for aggressive entry
[10:52] {Threei}  .95 stop
[10:52] {nemo} pivot at .01 and vwap at .90, wouldn't play a break
[10:52] {Threei}  target is .70
[10:53] {Threei}  touched 1:1 but way too fast
[10:53] {Threei}  no go
[10:54] {Threei}  I don't think anyone had a chance to exit there
[10:56] {Threei}  now it goers
[10:56] {_zeeee} murphy's law :)
[10:56] {Threei}  kind of
[10:57] {Threei}  one of those cases which I really dislike: when I get right read but can't pinpoint exact way to utilize it
[10:57] {Threei}  look at it
[10:58] {Threei}  SPY red
[10:59] {ese} L JOSB .00
[10:59] {Threei}  11% Think Government Should Provide Basic Income Grant for All
[11:00] {Threei}  so, 11% are not just idiots - they are outright loonies
[11:02] {Threei}  and here comes my target
[11:03] {Threei}  all markets are in the red now
[11:04] {Threei} Short Setup: FCX  .80 break
[11:05] {ese} out 1/2 .20 +.20
[11:05] {Threei}  nice
[11:06] {ese} balance to break even
[11:06] {ese} tks
[11:06] {Threei}  FCX is valid
[11:06] {Threei}  and not a scalp, should be able to do much more
[11:06] {Threei}  potential for about 40 cents at least, maybe more
[11:07] {Threei}  stop .96
[11:07] {Threei}  1:1
[11:08] {Threei}  stop to .85 for the balance
[11:08] {ese} out balance .03 +.03
[11:10] {Threei}  panic is coming folks, IMO
[11:11] {ese} market in general Vad?
[11:11] {Threei}  yes
[11:11] {ese} or fcx
[11:11] {Threei}  FCX won't be immune
[11:13] {Threei}  market is about to plunge hard
[11:15] {larisa} sigh
[11:17] {Threei}  lack of oxygen?
[11:17] {larisa} not really :)
[11:21] {larisa} I just do not understand  how you can predict anything in this absolutely crazy market and why you need to do so :)  carrot juice/beer/vine bets are not enough ? :)
[11:21] {Threei}  I don't predict anything
[11:21] {nemo} you ever here the story of the scorpion and the turtle Larisa?
[11:21] {Threei}  I share my gut feel
[11:22] {Threei}  and my experience shows it's right much more often than it's wrong
[11:22] {Threei}  yours would too if you run a tally
[11:23] {Threei}  let me point it again
[11:23] {Threei}
[11:23] {Threei}  this is yet to play out to full extent, and I don't mean little intraday drop
[11:24] {larisa}  I just get nervous when you say "about to plunge hard" or "panic is coming" or something like that :)
[11:24] {larisa} nemo yes :)
[11:24] {Threei}  it's good
[11:24] {Threei}  fear is our survival mechanism
[11:24] {Threei}  it's widely misunderstood
[11:24] {Threei}  one must learn to use fear
[11:24] {larisa} not fear, anger :)
[11:25] {Threei}  then it won't be paralyzing feeling but self-preservation one
[11:25] {Threei}  and anger is meaningless and non-constructive
[11:25] {larisa} lol
[11:27] {Threei}  second half FCX is stopped on trail
[11:29] {Threei}  you are looking at the same market as I am, tell me:
[11:30] {Threei}  these bounces we get after seloffs, yesterday and today
[11:30] {Threei}  don't they feel very labored to you,
[11:30] {Threei}  while selloffs feel very effortless?
[11:30] {Threei}  market drops willingly and climbs sqeaking
[11:31] {Threei}  am I alone in sensing this?
[11:31] {_zeeee} yea the bounces feel like exhausted, tired, low volume pops
[11:31] {Threei}  it's almost like bears test the water, see how fragile market is
[11:32] {Threei}  and retreat because it's not time yet'
[11:32] {Threei}  not enough suckers are suckered into long positions,
[11:32] {Threei}  not enough short p;ositions are accumulated yet
[11:32] {Threei}  so selling pressure is being taken off
[11:45] {Threei}  look at it once again, this time I may be able to put it in chart terms rather than "feelings"
[11:46] {Threei}  20 min climb, eliminated in one 1-min bar
[11:46] {Threei}  or 2
[11:46] {Threei}  see what I mean?
[11:47] {Threei}  no one is talking to me... dino, you are my last hope
[11:47] {_zeeee} momentum selling vs. slow accumulation
[11:48] {dino} finally here, cable out again
[11:48] {Threei}  I'd put it this way: very weak support, reluctant buyers retreating at first signs of selling pressure, and bears being in charge to decide whe to strike and when to wait
[11:48] {RonS} dnkn parabolic
[11:49] {Threei}  Dunkin' Brands Group, Inc. Ticking higher following positive comments from CNBC's Greenberg- notes IPO quiet period ends tomorrow for analysts
[11:54] {Threei} Short Setup: SLW  .60 break
[11:54] {Threei}  if stays under .70
[11:55] {Threei}  here is what propped this move up:
[11:55] {Threei}  (GR) Fitch comments on recent merger between Alpha and Eurobank in Greece; deal is constructive but risks still exist
[11:56] {Threei}  market feverishly looks for anything positive about greece and europe overall
[11:57] {Threei}  - Fitch Ratings considers the proposed merger of Alpha Bank (Alpha) and EFG Eurobank Ergasias SA (Eurobank) as potentially constructive in the medium term for the Greek banking sector. However, the agency notes that Greek banks continue to face significant challenges
[11:57] {Threei}  - The new banking entity should ultimately benefit from a larger franchise and revenue and cost synergies. However, in Fitch's opinion, these synergies will be difficult to achieve given the potentially large integration risks and the challenging operating environment in Greece. The agency believes all Greek banks will continue to face significant challenges. Asset quality in Greece is expected to deteriorate further. Moreover, severe funding and liquidity pressures remain, resulting in Greek banks being highly dependent on extraordinary liquidity from the ECB and the Bank of Greece
[11:57] {Threei}  it's all noise... Sept 7 will be meaningful,
[11:58] {Threei}  in terms of immediate unraveling or kicking can down the road once again
[11:59] {dino} whats sept 7th?
[11:59] {Threei}  SLW invalidated of course
[12:00] {RonS} a german court rules whether the greek bailout is constutional
[12:00] {Threei}  Germany dino, high court decision on whether using their funds for bailouts of other countries is constitutional
[12:00] {ese} hmmmmmmmm
[12:00] {Threei}  president went public saying it's not
[12:01] {dino} ok, thx, a bit out of it w/o internet, guess 99% of my news comes from internet
[12:01] {_zeeee} everything is welfare based these days...what happened to survival of the fittest?
[12:01] {Threei}  in a rare case of this largely ceremonial figure expressing policy views
[12:01] {Threei}  it has died zeee... it was not fit enough
[12:01] {_zeeee} lol
[12:01] {Threei}  :)
[12:01] {_zeeee} true
[12:02] {Threei}
[12:04] {RonS} plcm l or s dino?
[12:04] {Threei}  we also have presidential speech on jobs Sept 8 but that will be largely overshadowed by HFL
[12:05] {RonS} hockey football league?
[12:05] {Threei}  lol
[12:05] {Threei}  you try to type with your knees
[12:05] {RonS} np they are knobby...
[12:06] {dino} gap 21.88ish
[12:06] {RonS} was quite effective weapon during baketball days
[12:07] {Threei} Long Setup:  TZA  .40 break
[12:07] {Threei}  half lot
[12:07] {Threei}  if stays above .25
[12:08] {Threei}  invalidated
[12:12] {Threei}  OK, I know it starts looking like strubborness, but the chart is too good
[12:12] {Threei} Short Setup: RIMM  33 break
[12:13] {Threei}  if stays under .10
[12:18] {Threei}  come on... 1 cent to 1:1?
[12:18] {dino} sm s lqdt .10
[12:19] {dino} oxm sm s .20
[12:21] {Threei} Short Setup: GDX  .40 break
[12:22] {Threei}  condition is obvious
[12:23] {Threei}  right?
[12:23] {Threei}  G20 Financial Stability Board said to be planning a system to collect data on the "shadow banking" sector starting in 2012 - financial press
[12:23] {Threei}  - Data will be used to study whether the shadow banking sector sector needs regulation, to examine money market funds and securitization issues as well.
[12:23] {Threei}  - FSB plans to issue a report on shadow banking regulation at the G20 summit in November
[12:24] {Threei}  shadow banking?
[12:24] {dino} the shadow knows
[12:24] {Threei}  ah
[12:24] {Threei}  RIMM stop to .06
[12:25] {Threei}  me and RIMM no buddies today
[12:25] {Threei}  but it can still fix it
[12:25] {Threei}  by dropping like sailor's pants... errr
[12:26] {Threei}  GDX 1:1
[12:28] {dino} oxm stop -.32
[12:28] {Threei}  from Twitter: A guy on NPR just said we have less rainbows because of global warming
[12:28] {_zeeee} was it al gore?
[12:28] {_zeeee} :)
[12:28] {Threei}  probably not but sure sounds like him
[12:29] {Threei}  did you know that if you don't believe in global warming you were a rasist?
[12:29] {Threei}  according to him
[12:29] {_zeeee} lol
[12:29] {Threei}  I want to throw my hands up in the air and say fine, I am a rasist
[12:30] {Threei}  I also hate broccoli
[12:30] {Threei}  and love bacon
[12:30] {Threei}  enough of political incorrectness for one day?
[12:33] {nemo} unless they just walk the line, spy and IWM could have a major break soon
06[12:33] * Threei hits RIMM over the head with 2x4
[12:33] {_zeeee} how about a 2 x 12?
[12:33] {Threei}  well, I still hope we could be friends
[12:33] {dino} plcm sm l .00 stop .89
[12:33] {Threei}  2x4 leaves the door open... 2x12 is kind of harsh
[12:34] {nemo} hard to accelerate, not really good as a weapon
[12:34] {dino} have to agree w/nemo
[12:34] {_zeeee} true, maybe a louisville slugger would give you more momentum :)
[12:35] {Threei}  I'll leave it to nemo to select the arsenal
[12:35] {dino} took son to yankee game, bat day, 15k 30" louisville sluggers in stadium, thought the place would blow up
[12:35] {_zeeee} rofl
[12:36] {nemo} actually, problem with Louisville's is they make the grip area much narrower than they used to...wacking a baseball is one thing, skull crushing...ehhhh, probably break it on the first shot
[12:37] {Threei}  see?
[12:37] {_zeeee} rimm doesnt want to crack the 60 min. 5 sma
[12:37] {nemo} ahhhh...rimm doing the vwap walk
[12:37] {Threei}  it's about to break it
[12:38] {Threei}  and panic, yes larica, panic!
[12:38] {Threei}  larisa, sorry
[12:38] {Threei}  I need to get back to typing with elbows
[12:38] {Threei}  knees is way too inefficient
[12:38] {Threei}  1:1 baby
[12:38] {Threei}  RIMM, we are friendasa again
[12:39] {dino} oxm rinsed
[12:39] {Threei}  I wouldn't call today a stellar day but solidly in green so far
[12:40] {Threei}  I also want market to drop hard, so I could have bragging rights
[12:41] {dino} cov lqdt .60, +.50
[12:42] {dino} pulp trader
[12:47] {Threei}  out RIMM in full
[12:47] {Threei}  BFF
[12:48] {Threei}  that's not a stock symbol :)
[12:48] {Threei}  remember last year hoopla about solar company louded as a recipient of federal funding, presidential speech "the future is here"
[12:49] {Threei}  half billion funding
[12:49] {dino} yes
[12:49] {Threei}  went bankrupt yesterday
[12:49] {RonS} bk
[12:49] {Threei}  solyndra or something like that
[12:50] {dino} plcm stop -.11
[12:52] {Threei}  really hope that "future is here is not a prophecy
[12:54] {Threei}  you guys are way too quite
[12:54] {Threei}  how are we doing?
[12:54] {Threei}  breathing? moving our limbs?
[12:55] {Threei}  sleeping?
[12:55] {_zeeee} football season starts tonight :)
[12:55] {_zeeee} ncaa anyway
[12:56] {Threei} Long Setup:  TZA  41 break
[12:56] {Threei}  this one for the big score
[12:56] {Threei}  if stays above .85
[12:57] {Threei}  50 cents at least, most likely more
[12:58] {Threei}  plan:
[12:58] {Threei}  first partial around .20
[12:58] {Threei}  second closer to .45
[12:58] {Threei}  then trail
[12:59] {Threei}  lose 122 SPY
[12:59] {Threei}  now
06[12:59] * Threei hits SPY over the head with 2x4 eqipped with rusty nails
[12:59] {_zeeee} much better
[13:00] {Threei}  first taregt hit
[13:01] {_zeeee} nice call threei
[13:01] {Threei}  ty
[13:01] {Threei}  not over yet
[13:01] {Threei}  want much more from this
[13:01] {Threei}  stop to .95 to be safe
[13:01] {Threei}  but overall, it's a play for market plunge
[13:01] {Threei}  panic
[13:02] {Threei}  and I am not afraid of larisa
[13:02] {Threei}  well, I am...
[13:02] {Threei}  but I am putting on a brave face
06[13:03] * Threei kicks TZA in the rear with heavy duty steel toe army boots
06[13:05] * Threei pokes TZA in the ribcage with electrrocharged sharp stick
[13:06] {Threei}  second target hit
[13:06] {nemo} should get .20 more
[13:06] {Threei}  stop for the last piece to .15
[13:06] {_zeeee} must've been the stick with the jolt
[13:06] {Threei}  that's what it is
[13:06] {Threei}  finally general read comes together with exact call
[13:07] {Threei}  took almost full day of patient waiting for the weak anthelope to walk by my hide
[13:08] {Threei}  out half of the remainder .62
[13:08] {Threei}  breaking it down by even smaller portions, lol
[13:08] {Threei}  squeezing every drop of the juice from this one
[13:09] {_thomcbell} what set up was that on TZA?
[13:09] {Threei}  modification of JBE
[13:09] {Threei}  break of strong resistance at 41
[13:09] {Threei}  I'll make a screenshot with chart
[13:09] {Threei}  and annotations
[13:10] {Threei}  plus general read of market weakness coming
[13:10] {_thomcbell} thanks
[13:10] {Threei}  and using TZA as favorite way to short the market
[13:11] {Threei}  stop to .35 btw
[13:14] {dino} plcm sm l .00
[13:15] {Threei}  nemo, that blind you recommended for hunting the anthelopes really works
[13:15] {Threei}  stop to .45
[13:16] {Threei}  if it's hit, this is H&S and most likely reversal
[13:16] {Threei}  see the head on 1 min?
[13:16] {Threei}  and very lopsided shoulders, lol
[13:17] {Threei}  ok
[13:17] {Threei}  over and out
[13:20] {Threei}  see how trend changed?
[13:21] {RonS} dino, took omx s .20 to .55  +.75  thanks
[13:22] {dino} wtg
[13:22] {RonS} oops can't subtract +.65
[13:22] {Threei}  nice anyway
[13:23] {Threei}  thom,
[13:26] {dino} spike
[13:34] {nemo} lqdt spike
[13:35] {RonS} look gs
[13:36] {nemo} look bonds
[13:36] {RonS} Fed Issues Enforcement Action Vs Goldman Sachs Over Foreclosure Practices       09/01 11:30 AM
[13:37] {nemo} spy about to drop support
[13:37] {Threei}  but of course
[13:37] {Threei}  that will drop like a prom... err...
[13:38] {dino}  dress?
[13:39] {Threei}  yeah, that was my next word up until Idecided to stay decent
[13:39] {dino} lqdt sm s .44
[13:40] {RonS} Fed Orders Goldman Sachs To Conduct Independent Review Of Foreclosures }PFCI       09/01 11:30 AM
[13:40] {RonS} Fed to announce Goldman Sachs fine later       09/01 11:30 AM
[13:40] {RonS} the news isn't on GS specfically, it was on a former Loan Service of GS... Litton Loan Service.. former unit of GS
[13:42] {nemo} I was thinking tza 42 break...oh well
[13:44] {Threei}  yeah
[13:44] {dino} lqdt stop -.32
[13:44] {_zeeee} dino u trade this LQDT much or just a play of the day?
[13:45] {Threei}  dino is omnivorous
[13:45] {Threei}  whatever walks by, he eats :)
[13:45] {dino} play of day
[13:48] {nemo} gdx
[13:53] {dino}  rinsed again lqdt, that makes 3
[14:15] {Threei}  wow... summer goes out with a bang in Victoria
[14:15] {Threei}  events for this weekend:
[14:15] {Threei}  Classic Boat Festival, Saanich Fair, Fringe Festival, Blues Bash
[14:16] {RonS} kinda cool...something for the weekend...tim knight who fouded and developed prophet charts does a worth watching show on the only computer museum in the US:
[14:22] {Threei}  new lows are coming, IMO
[14:22] {Threei}  this is very sustainable selling
[14:22] {Threei}  double bottom won't hold
[14:23] {RonS} but .vix not moving...
[14:23] {nemo} bonds flattening
[14:25] {_zeeee} looks like daily 5 sma on SPY going to test
[14:26] {patience} slw
[14:27] {nemo} spy bottomed me thinks
[14:27] {patience} ok, back to cash now
[14:28] {patience} been watching tdbank chart, up 23% in q3
[14:28] {patience} keep thinking it will pull back but nope
[14:40] {dino} plcm to .38
[14:40] {Threei}  I am not convinced, nemo...
[14:40] {Threei}  still feel liek new lows are in order
[14:41] {dino} to .44
[14:41] {nemo} fine, that was the bottom for now, sheesh....
[14:42] {nemo} in 2012 market goes to 0 wtf...
[14:42] {nemo} that'll be the bottom
[14:42] {dino} indeed
[14:42] {Threei}  and we will all catch it
[14:42] {ese} agreed
[14:43] {nemo} ese...get my email before you left?
[14:44] {ese} yes I did.....but was too busy to act on it.....have passed the message on to Gregs parents
[14:44] {nemo} I forwarded the link to Superstition, he really liked it
[14:45] {dino} out plcm .44, +.44
[14:45] {RonS} gj
[14:45] {_zeeee} nice trade
[14:46] {dino} ty
[14:59] {Threei}  are we friends with RIMM for good, or is it going to betray me...
[14:59] {Threei} Short Setup: RIMM  .20 break
[14:59] {_zeeee} lol
[15:03] {Threei}  OK... I may have tested our freindship one too many times today, but let's see what it can withstand :)
[15:04] {Threei}  good boy
[15:04] {Threei}  a bit more please
[15:05] {Threei}  huge offer at .15
[15:05] {Threei}  1:1 baby... that's what I call real friendship
06[15:05] * Threei shakes RIMM's hand
[15:06] {Threei}  42% Give Obama Positive Marks on Leadership, 40% Give Poor Rating
[15:06] {Threei}  really? 42%?
[15:06] {Threei}  they call it leadership...
[15:07] {Threei}  then again, I call myself good loking
[15:07] {Threei}  and it flies as long as don't look in the mirror
[15:07] {Threei}  1:2 RIMM
[15:08] {RonS} lol gj
[15:08] {Threei}  ty
[15:08] {dino}  gj
[15:10] {Threei}  1:3
[15:10] {Threei}  done
[15:11] {nemo} .80 support
[15:11] {Threei}  from yesterday?
[15:11] {Threei}  .79 low
[15:12] {nemo} yeah
[15:12] {nemo} fine .793
[15:12] {Threei}  lol
[15:12] {Threei}  no, I was confirming
[15:12] {nemo} I have no idea, I'm just being belligerently argumentative
[15:12] {Threei}  1 cent is not of any importance on daily
[15:13] {RonS} bunny had made him sooo sensitive...
[15:13] {Threei}  sensitive nemo
[15:13] {nemo} she's so cuuuuuuuttttteeeeee
[15:13] {nemo} oxymoron
[15:13] {Threei}  now, this is something not many saw
[15:14] {Threei}  and just imagine a combination of overly sensitive and belligerently argumentative
[15:14] {Threei}  {---shudders
[15:15] {dino} tzoo sm l .50, stop lod
[15:16] {Threei}  oh, throw "proficient in martial arts" to that combination... andf shudder with me
[15:23] {Threei}  CBOE Reports All-Time Record Trading Volume in August 2011
[15:23] {Threei}  interesting
[15:23] {Threei}  and very unusual for august
[15:32] {_zeeee} spy trying to hold 121
[15:33] {Threei}  IMO... it won't
[15:37] {Threei}  and it doesn't
[15:43] {Threei}  larisa... sorry, but today I win
[15:43] {larisa} no.. where is the panic ?
[15:43] {Threei}  and have bragging rights about that facebook post
[15:44] {larisa} selling, yes.  Panic, no.. :)
[15:44] {Threei}  no any single worthy bounce... all supports get broken easily.. ending at the low... panic WILL follow :)
[15:44] {Threei}  give it time
[15:44] {larisa} you will WIN{ when it WILL :)
[15:44] {Threei}  also, notice how this great morning news and spke they caused was used to dump into them
[15:45] {Threei}  that's not the sign of a strong market at all
[15:45] {nemo} bbbb
[15:46] {Threei}  come one nemo... there are other letters in latin alphabet
[15:46] {nemo} BBBB the frickin' stock!!!!!!
[15:46] {Threei}  hehe
[15:46] {Threei}  no news yet
[15:56] {nemo} rimm
[15:57] {Threei}  new lows
[15:57] {Threei}  OK guys
[15:57] {Threei}  thank you all, have a great evening
[15:57] {Threei}  see you tomorrow
[15:57] {patience} ty vad, 100% cash, watching the market   :)   small up day for me.
[15:57] {larisa} bye :)