As usual on slow climb days, extreme boredom, not much activity, ending slightly negative.
Session Time: Wed Sep 07 00:00:00 2011
[08:35] {Threei} http://www.facebook.com/photo.php?v=130602863705331
[08:36] {nemo} can't open it, content not found
[08:36] {Threei} then http://tradinglog.realitytrader.com/2011/09/sep-07-2011.html
[08:37] {Threei} try http://www.facebook.com/RealityTrader, do you see the video?
[08:37] {nemo} it's running a channel
[08:37] {nemo} yep
[08:37] {Threei} OK, better link:
[08:37] {Threei} http://www.facebook.com/photo.php?v=130602863705331&set=vb.235739863127363&type=1&theater
[08:37] {nemo} notice how the volume has been dropping
[08:37] {nemo} same with the other indexes
[08:38] {Threei} you mean intraday of daily?
[08:38] {nemo} daily
[08:38] {nemo} volumes have been dropping since the recent bottom
[08:39] {Threei} which is what I mentioned in the video
[08:39] {nemo} spy high this morning 50% retrace off the July '10 bottom
[08:39] {nemo} yes
[08:40] {nemo} . think 119.60 then 120.50ish upper levels today, support likely around 117.75
[08:48] {Threei} lol: (GR) UBS European Economist: Greece is insolvent and needs to default on its sovereign obligations
[08:48] {Threei} no really?
[08:52] {Z} morning everyone
[08:52] {Threei} Z :)
[09:07] {dino} gm all
[09:08] {Threei} dino :)
[09:08] {Threei} (GR) Greece two-year gov't yields continue to rise; above 54.1%, higher by more than 180bps
[09:08] {nemo} who says?
[09:08] {nemo} btw dino:
[09:08] {nemo} http://www.freestockcharts.com?emailChartID=d3937765-707c-461a-8d02-cfcaf9600748
[09:08] {nemo} spy levels for the week
[09:09] {nemo} and IWM: http://www.freestockcharts.com?emailChartID=d26c3047-93f8-4df5-a500-f2c62513eaae
[09:11] {nemo} short slw?
[09:11] {Threei} sigh... I need to change my song
[09:11] {Threei} I am too predictable
[09:11] {_shaun70} hello everyone
[09:11] {Threei} shaun :)
[09:12] {ese} gm
[09:12] {Threei} ese :)
[09:12] {Threei} welcome to the jungle, shaun
[09:12] {_shaun70} I cant stay long - am about to board a plane from Cyprus to London but thought I would check you guys out for a bit
[09:12] {Threei} these guys are savages, never mind them
[09:12] {_shaun70} Thanks Vad
[09:12] {ese} am gonna be close to cyprus in march
[09:13] {_shaun70} I've spent the last week trading from my swimming pool :)
[09:13] {nemo} wlt .50 level
[09:13] {ese} feel bad about that for ya
[09:13] {nemo} yeah
[09:13] {ese} it's too bad it had to happen to you
[09:13] {nemo} sucks being him
[09:13] {Threei} hehe
[09:13] {Threei} told ya shaun
[09:13] {ese} trading from the pool
[09:13] {Threei} now you see what I mean
[09:13] {_shaun70} haha
[09:16] {nemo} frickin rabbit. I bring a bag of timothy hay upstairs so she'll have something to munch on
[09:16] {nemo} Think she can just eat it out of the open end of the bag
[09:16] {nemo} No!
[09:17] {nemo} She's got to kick all of it out and find the tender morsels...wtf
[09:17] {ese} lol
[09:17] {nemo} should be fun vacuuming it out of the carpet
[09:17] {ese} better you than us
[09:17] {Threei} larisa... another sample for you to see how my accent improves by day: http://www.facebook.com/photo.php?v=130602863705331
[09:18] {larisa} gm :)
[09:18] {Threei} rofl ese
[09:18] {nemo} tna long .18
[09:18] {nemo} spy moving
[09:18] {nemo} half out .32
[09:18] {nemo} whoa
[09:19] {larisa} link does not work for me :)
[09:19] {Threei} http://www.facebook.com/photo.php?v=130602863705331&set=vb.235739863127363&type=1&theater
[09:19] {ese} nice one nemo
[09:19] {Threei} does this?
[09:19] {nemo} it keeps going
[09:19] {nemo} 1/4 more .58
[09:19] {larisa} nope
[09:19] {Threei} what the deuce
[09:19] {nemo} this is ridiculous, but I"ll take it
[09:19] {Threei} OK, backup that always works:
[09:19] {Threei} http://tradinglog.realitytrader.com/2011/09/sep-07-2011.html
[09:20] {nemo} stop is .35 for last bit
[09:22] {dino} gj
[09:22] {ese} nice one nemo
[09:28] {nemo} still in
[09:28] {nemo} just for the last 1/4 though
[09:29] {nemo} saw spy start moving, and tna was just sitting there like a squirrel in the headlights
[09:29] {dino} gaps above 11241,11493; 2219; 1204
[09:29] {Threei} OK... I hate to be so predictable but watching SLW for short
[09:29] {Threei} waiting for spread to tighten thugh
[09:30] {nemo} now I'm out
[09:30] {Threei} FCX too
[09:30] {Threei} Short Setup: FCX .10 break
[09:30] {Threei} if stays under .20
[09:30] {nemo} oops
[09:30] {Threei} man, that was fast
[09:31] {Threei} see if bounces into trigger
[09:31] {nemo} yeah, teleport
[09:31] {Threei} OK
[09:31] {Threei} in
[09:31] {Threei} stop above .20
[09:32] {Threei} 1:1
[09:32] {Threei} 1:2
[09:33] {Threei} stop for the balance at .11
[09:36] {Threei} done
[09:37] {Threei} Long Setup: RIMM .30 break
[09:38] {Threei} if stays above .20 for scalpers, .15 day traders
[09:39] {_shaun70} Am out of here - flight boarding. Good luck all
[09:39] {Threei} take care shaun
[09:39] {Threei} we will be here when you land
[09:40] {_shaun70} Vad :)
[09:46] {Threei} no go RIMM
[09:48] {pragmatic} X 29 ?
[09:48] {Threei} maybe if consolidsates here for cuple more minutes
[09:48] {Threei} otherwise, not liking it very much
[09:53] {pragmatic} ok, how about X short now ? (29)
[09:53] {Threei} yes
[09:53] {Threei} just thought that
[09:53] {Threei} Short Setup: X 29 break
[09:53] {Threei} if stays under .10
[09:54] {Threei} 1:1
[09:56] {RonS} dino, nav really pulpy today...
[10:02] {nemo} liking x long now, market going
[10:03] {Threei} looks this way, yes
[10:03] {Threei} inversed H&S too
[10:03] {Threei} Long Setup: X .12
[10:03] {Threei} if stays above 29
[10:04] {nemo} spy miht pull back to .70 area
[10:04] {Threei} cool
[10:04] {Threei} will be a good test for X
[10:04] {nemo} yeah
[10:04] {Threei} if holding near here, great long candidate
[10:04] {nemo} long .11
[10:09] {dino} ron, nav, no like
[10:09] {dino} played a little wlt 90 to 91, vsm
[10:09] {dino} still in brk/b from yesterday
[10:10] {ese} L THC .41
[10:12] {nemo} gdx .50
[10:13] {Threei} Long Setup: SLW .10 break
[10:13] {Threei} too fast
[10:13] {nemo} took gdx .52
[10:13] {dino} brk/b to .93
[10:14] {nemo} stop is .54
[10:14] {Threei} fiiinally X
[10:14] {nemo} x
[10:14] {Threei} took its sweet time
[10:14] {Threei} 1:1
[10:15] {Threei} SLW 1:1 too but without us onboard
[10:15] {Threei} my fault actually, was a little late on alert
[10:17] {nemo} stop frickin' typing with your wings
[10:17] {nemo} fins
[10:17] {nemo} elbows
[10:18] {nemo} toes
[10:18] {nemo} antennae
[10:18] {Threei} hmmm
[10:18] {nemo} then again...with you, we know voice recognition software in English won't work
[10:18] {Threei} you narrow my options so much
[10:18] {Threei} I tried that, yeah
[10:18] {Threei} after two attempts it typed: leave me alone
[10:18] {nemo} probably makes the computer reboot
[10:18] {dino} out brk/b .93, +1.73
[10:20] {ese} awesome.....
[10:20] {ese} 10K
[10:20] {ese} ?
[10:20] {Threei} wtg
[10:24] {dino} 400
[10:25] {Threei} Long Setup: FCX.30 break
[10:25] {Threei} Long Setup: FCX .30 break
[10:25] {ese} huh!!!!!!1
[10:26] {Threei} ?
[10:26] {Threei} invalidated
[10:26] {Threei} you know the best thing about this setup?
[10:26] {Threei} it formed .40 break, and I decided I won't call it, it was to be a trap
[10:27] {ese} only 400.....auch du miya!!!!!!
[10:27] {Threei} which it turned to be
[10:27] {ese} lol
[10:27] {Threei} look how hard it smacked breakut buyers
[10:28] {ese} not nice for sure
[10:33] {ese} L THC avg .37
[10:36] {nemo} THC...hehehehe
[10:47] {patience} good morning
[10:48] {Threei} patience :)
[11:04] {RonS} ...time to hear from Z...
[11:04] {RonS} ...since that is all that is going on...
[11:05] {Threei} lol
[11:10] {Z} Z is lurking in the bushes
[11:10] {Z} :)
[11:11] {RonS} ...only nemo gets to do that...
[11:15] {Z} ...lurking in the bushes, waiting for threei's next explosive call :)
[11:15] {nemo} oh jeez...glad I'm wearing boots
[11:15] {Threei} so am I, Z
[11:15] {Z} lol nemo
[11:15] {Threei} both luring and waiting for my call
[11:16] {Threei} lurking
[11:16] {dino} chk leftovers stop to .29
[11:18] {dino} make it .39
[11:19] {RonS} uri 19% float short...slow burn squeeze ongoing
[11:19] {RonS} ...or the slowdown has ended...
[11:19] {RonS} :)
[11:21] {Z} according to the cnbc rose colored glasses, all is well in the financial world again
[11:22] {dino} until next drop
[11:22] {Z} exactly, changes by the hour for those clowns
[11:23] {dino} thats why music on, no cnbc after 9:00 am
[11:23] {RonS} europe closes in 6 min
[11:24] {nemo} for good?
[11:24] {Z} lol
[11:24] {RonS} don meredith
[11:24] {nemo} Turn out the lights...
[11:24] {dino} lol
[11:25] {nemo} and don't let the door hit you in the ass on the way out...
[11:31] {Threei} lol
[11:31] {Threei} woke up and saw nemo's "for good/"
[11:31] {Threei} if Ron turns away I'll tell a soviet joke
[11:31] {RonS} ok w/ me...
[11:32] {RonS} that's how slow it is...
[11:32] {Threei} hehe
[11:32] {dino} hoho\
[11:32] {Threei} on a day of first soviet rocket launch, kid runs home screaming: Grandma, communists flew to the orbit!
[11:33] {Threei} Grandma: all them?? for good?? Lord heard me...
[11:33] {Threei} you can look now, Ron
[11:33] {RonS} ...golf clap...
[11:33] {RonS} :D
[11:39] {dino} out chk .39, +.64
[11:43] {Threei} http://photography.realitytrader.com/2011/09/few-cute-seals.html
[11:44] {larisa} last one is funny :)
[11:45] {Threei} one before, I like too
[11:45] {Threei} he yawns and delicately covers his mouth
[11:46] {Threei} with his fin
[11:53] {Threei} these slow climb days bore the living daylihgt out of me
[11:54] {dino} me too
[11:55] {Threei} although looking at SLW, I tend to think it's about to reverse
[11:56] {RonS} appears that way when you compare it to the slv
[11:57] {Threei} watching if ay setup forms
[11:58] {nemo} tza
[11:59] {nemo} think spy might have one more push to the .60 area
[12:03] {Threei} Short Setup: SLW 40 break
[12:03] {Threei} if stays under .10
[12:13] {ese} outta here cya tomorrow...still L thc
[12:19] {nemo} think we get a big run if spy breaks .60
[12:25] {nemo} pennant forming on spy, wedge on iwm, think we head north
[12:27] {dino} feels up
[12:27] {nemo} question is, do they flush first
[12:28] {Threei} no go SLW
[12:33] {Threei} if you wanted to draw the chart of the least favorable day for our trading style, you couldn't come up with more perfect one than today's
[12:33] {nemo} here comes the run
[12:36] {nemo} 120.50 next target
[12:39] {dino} 1204 gap from thurs close
[12:41] {dino} back in 30
[12:41] {nemo} retracement confluence between most recent swing low and the 2009 bottom
[12:53] {Z} .
[12:53] {nemo} stop yelling
[13:35] {RonS} so, my daughter reports from shanghai that the chinese love seeing blue eyed little people
[13:36] {Threei} I heard they stare
[13:38] {RonS} my next door blonde neighbor was studying in china...learned madarin...got in elevator...someone said...do you think he is swedish or russian?
[13:38] {Threei} apparently blondes come only from those two nations
[13:39] {RonS} which are really the same bloodline...
[13:39] {dino} sm l fran .99
[13:40] {RonS} his name is cornish so same bloodline too...
[13:46] {nemo} .60 weekly pivot for spy
[13:46] {RonS} saw some show on genghis khan...guy was so prodigious with his multi-hundreds harem that 10% of chinese carry his genetic markers
[13:47] {RonS} if true, quite amazing...
[13:47] {Threei} lol
[13:50] {nemo} some warlord from Ireland was the same way
[13:51] {nemo} wow wlt dropped
[13:54] {dino} out fran .59, +.60
[13:55] {Threei} nice
[13:55] {dino} ty
[13:57] {RonS} somehow i think a harem of irish women would be a nightmare...
[13:57] {nemo} speaking of Chinese, the character for trouble is two women under the same roof
[13:57] {nemo} beige book might give us the impetus to run to .120.50
[13:58] {RonS} got the mibbet boot but am back
[13:59] {RonS} out fran .10 to .80 +.70 thanks dino
[14:00] {Threei} *(US) FED'S BEIGE BOOK: ONLY MODEST GROWTH IN SOME REGIONS
[14:00] {Threei} shrug
[14:00] {Threei} what a revelation
[14:00] {nemo} bad news is good news
[14:01] {Z} the new paradigm
[14:01] {dino} wtg ron
[14:05] {nemo} 120.50 next stop
[14:05] {Threei} *(IT) ITALIAN SENATE GAINS SUFFICIENT VOTES IN FAVOR OF 54B IN AUSTERITY MEASURES/CONFIDENCE VOTE
[14:23] {Threei} Long Setup: TZA 43 break
[14:23] {Threei} if stays above .85
[14:25] {Threei} nah
[14:25] {Threei} why did I bother to wake up today?
[14:25] {nemo} spy hit's trend line soon
[14:30] {dino} 2219 filled
[14:35] {nemo} jeez...I should have just held my premarket buy in TNA
[14:35] {Threei} no kidding
[14:35] {Threei} all day climb
[14:36] {nemo} should climb tomorrow, then sell off on Friday a bit
[14:41] {nemo} flyer on GDX over .00?
[14:46] {Threei} flyer?
[14:47] {nemo} yeah, took it at .00
[14:47] {nemo} decent setup, not expecting much velocity
[14:47] {nemo} stop is .94
[14:48] {nemo} 1:1
[14:49] {nemo} well, 1:1.4
[14:49] {nemo} 1.9?
[14:49] {nemo} 1.8?
[14:49] {nemo} oy vay
[14:49] {Threei} lol
[14:49] {nemo} where's Magoo, he was good at math
[14:50] {dino} 11493 dji gap
[15:04] {nemo} wtf...wlt
[15:05] {dino} takeove5r rumors, played earlier
[15:06] {nemo} yeah, that drop was fast
[15:06] {nemo} tza
[15:06] {nemo} sorry
[15:06] {RonS} wlt... is not aware of any corporate developments to account for this activity
[15:06] {RonS} responding to a request from the Investment Industry Regulatory Organization of Canada on behalf of the Toronto Stock Exchange following recent trading activity. Walter Energy
[15:07] {RonS} i cannot short...dammit
[15:07] {dino} rumors barrons, real$
[15:11] {Threei} this has to be it
[15:11] {Threei} taking TZA here
[15:12] {Threei} ,80 break
[15:12] {RonS} pcx s .10
[15:12] {Threei} stop under .65
[15:12] {Threei} target 45.40
[15:12] {Threei} 43.40
[15:13] {nemo} right at spy trendline now
[15:14] {nemo} i took tna .80
[15:15] {Threei} what the deuce
[15:15] {nemo} I think it bounces off it's trend line
[15:15] {nemo} I wanted .78, but didn't get it
[15:20] {nemo} 1:1
[15:20] {Threei} I give up
[15:20] {nemo} that was flossing with barbed wire
[15:21] {Threei} this day is hopeless
[15:21] {nemo} Well, you see the trend you were betting against
[15:21] {Threei} I see this trend breaking
[15:21] {Threei} look at SPY
[15:21] {Threei} don't twell me it was not a valid setup
[15:22] {nemo} setup yes, but it's been bouncing up off of support all day
[15:23] {nemo} out balance
[15:24] {dino} and don't call him late for dinner
[15:24] {nemo} especially if bacon is involved
[15:27] {dino} of course bacon is involved, we are talking about you
[15:27] {RonS} out pcs +.11
[15:27] {RonS} pcx
[15:28] {nemo} IRAQ SETS KIRKUK OIL PRICE TO U.S. AT PREMIUM OF 10 CENTS/BBL, TO EUROPE AT DISCOUNT OF $1.45/BBL: Bberg
[15:28] {Threei} that's right
[15:28] {Threei} thanks for your invasion
[15:28] {Threei} so long suckers
[15:29] {nemo} took .81 tna
[15:29] {nemo} 1:1
[15:30] {nemo} iwm not following at the moment, stop at b/e
[15:35] {RonS} wow, 3i better hope that guy doesn't make it in...
[15:36] {Threei} ?
[15:36] {nemo} caskets?
[15:36] {RonS} permutations of mispellings are infinite
[15:36] {Threei} oh
[15:36] {Threei} lol
[15:36] {Threei} there goes my TZA
[15:37] {nemo} yeah, bull flag
[15:37] {Threei} and that same SPY trend break I saw
[15:37] {Threei} rinse by a few cents
[15:37] {nemo} yep, but you notice, it hit the trendline and then spent a couple of minutes retracing
[15:37] {Threei} so, like I said.. valid setup, just not my day
[15:37] {Threei} ah come on
[15:37] {nemo} then dropped like a prom dress
[15:37] {Threei} don't overanalyze it
[15:37] {Threei} it's simply a case of things not being exact
[15:38] {nemo} I had the trendline drawn in, that's what happened
[15:38] {Threei} and on some days you hit a cluster on non-exactness
[15:38] {nemo} I understand, just given such a strong tight trend...
[15:40] {nemo} I was actually playing it off of spy, because IWM has been a very good doggy today
[15:40] {nemo} followed almost perfectly until that last trade of mine
[15:41] {RonS} wow, wlt recovered...
[15:41] {nemo} yeah if you can handle the spread.......Dino
[15:47] {nemo} market pulling a carbon copy of yesterday
[15:48] {RonS} anyone under 40 has not seen one...
[15:48] {nemo} not seen what?
[15:49] {RonS} carbon copy
[15:49] {nemo} ahhhh, good point
[15:49] {nemo} o.k. a perfect scan of yesterday
[15:49] {RonS} lol...perfect
[15:49] {nemo} and don't forget....
[15:49] {nemo} the mimeograph
[15:50] {Threei} so, what do those under 40 think CC means on e-mail interface?
[15:50] {nemo} I never asked
[15:51] {RonS} wife asks high school girl to "get me a xerox of this"...she says what is that?
[15:51] {Z} carbon copy
[15:51] {Z} what's the prize?
[15:51] {Threei} just woke up Z?? :)
[15:51] {Threei} scroll up rthe conversation :)
[15:51] {Z} yea guess so
[15:51] {nemo} Les jr.
[15:52] {Threei} can't blame you really
[15:52] {Z} been a sleeper of a day
[15:53] {Z} eat your wheaties in the morning three :)
[15:55] {Z} breakfast of champions :)
[15:56] {nemo} tomorrow should be interesting...jobless claims, inflation, and trade reports pre-market
[15:56] {Threei} sorry... bacon it is
[15:56] {Threei} champions are free to eat whatever they please
[15:57] {dino} wlt, see that nemo. had to go to bus stop, so next 10 months 3:30 to 4:00 nit really here
[15:57] {nemo} just commenting on it's move and how it's your kinda' stock
[15:58] {dino} understand, will be watching it tomorrow
[15:58] {Z} take it easy, see u all tomorrow
[15:58] {dino} nit=not above
[15:58] {nemo} see if they run spy here to .50s
[15:58] {Threei} thank you all
[15:58] {Threei} have a good evening
[15:58] {nemo} hasta manana
[15:58] {Threei} see you tomorrow
[15:58] {dino} well, as patience would say, ending day all cash
[15:59] {dino} thx all for ideas, good time
[16:00] {larisa} bye :)
