Even though we got the the direction of the market right today, actual plays somehow didn't come together well. Ended slightly negaive
Session Time: Fri Sep 09 00:00:01 2011
[08:28] {_thomcbell} resilient
[08:29] {Threei} good morning to you too
[08:30] {Threei} CME said to raise gold margins again; effective after close on Monday, Sept 12th - financial press
[08:30] {Threei} **Reminder: ahead of the NY morning Spot gold sold-off lower by over $50/oz from earlier highs of $1,886/oz
[08:31] {Threei} they are running out of ways to stop gold, lol
[08:48] {Z} good morning threei, nemo
[08:48] {Threei} Z :)
[08:48] {nemo} grrrrrrr
[08:48] {Threei} hmmm
[08:48] {Z} wow what a game last night huh nemo
[08:48] {Threei} that's how nem usually says hello
[08:48] {Z} nice opening night
[08:49] {Z} lol
[08:49] {nemo} didn't get to see it, unfortunately FWB management
[08:49] {Z} ahh
[08:49] {Z} bacon topped wheaties this morning three?
[08:51] {Threei} what do wheaties have to do with food...
[08:51] {Threei} there is no protein in them
[08:51] {Z} haha, u got a point there, taste like styrofoam
[08:51] {Threei} and no protein
[08:52] {Z} how about muesclix (spelling?) ?
[08:52] {Threei} no idea what that is
[08:52] {Z} a strange cereal
[08:52] {Z} strangest name anyway
[08:53] {nemo} muesli
[08:53] {nemo} Swiss Granola
[08:53] {Z} oh is that what it is? never knew just have seen it at the grocery store
[08:54] {Z} hey nemo, i think the colts may not win 5 games this year now without manning lol
[08:54] {Threei} I don't normally walk the cereal isle, so never saw it
[08:55] {Z} with 3 kids, spend too much time on the cereal isle myself
[08:56] {Threei} yikes
[08:56] {Threei} http://allstarcharts.com/wp-content/uploads/2011/09/9-9-11-Median-Single-Family-Home-Price-in-Gold.jpg
[08:57] {Z} what a waste of a speech by obama
[08:58] {Z} aren't they all...
[09:00] {Threei} (EU) ECB's Chief economist Stark planning to announce retirement after the close of German markets today, citing conflict within the ECB over bond purchases
[09:00] {Threei} - financial press- Follow up: ECB has no comment on reports concerning ECB's Stark
[09:01] {_thomcbell} 117.66 is 3 day trailing pivot and 50% retrace - also in the gap between the 6th and 7th - bottom of gap 117.20
[09:02] {_thomcbell} SPY
[09:06] {_thomcbell} will be 3 gaps in 4 days - island below island above
[09:08] {dino} gm all
[09:09] {Threei} dino :)
[09:09] {Z} gm
[09:09] {dino} :)
[09:09] {RonS} gm everyone
[09:09] {Threei} ron :)
[09:13] {Threei} Euro is taking another hit
[09:14] {Threei} Greece default is looming large
[09:14] {RonS} yesterday read that grek cds pricing 90% probability of default
[09:14] {RonS} greek
[09:14] {Threei} so, they are underpricing it still
[09:15] {Threei} by 10%
[09:15] {dino} saw that too ron, but i think you mean geeks
[09:15] {RonS} tzoo...wild card of the day
[09:15] {dino} takeover rumors
[09:15] {Threei} LULU will be volatilie too
[09:16] {RonS} tzoo stocktwits says its from a two week old fake company...for $40
[09:19] {dino} cyber, going private may be hoax
[09:20] {Threei} hmm
[09:20] {Threei} this is a website of a company making an offer:
[09:20] {Threei} http://www.chapave.com/
[09:21] {Threei} do you feel convinced?
[09:21] {larisa} gm :)
[09:21] {Threei} larisa :)
[09:21] {larisa} vad :)
[09:22] {RonS} lol...one guy said his second grader could produce a better front page...
[09:24] {Threei} amazing
[09:25] {Threei} study the mechanism of news dissemination, prepare news release that doesn't raise suspicion right away, buy shares, publish fake news, sell
[09:25] {Threei} if they took a few days more to produce more convincingly looking website, could fool others a bit longer
[09:28] {RonS} kr smacked for beating...
[09:28] {Threei} Ron... just think how this sounds for a non-trader... :G}
[09:29] {nemo} as Ron sits there in his wifebeater tank top
[09:29] {dino} lol
[09:29] {RonS} lol nemo...wish it was that warm...
[09:29] {nemo} wuss
[09:30] {Threei} Short Setup: SLW .80 break
[09:30] {nemo} no way
[09:31] {Threei} Short Setup: RIMM .20 break
[09:31] {Threei} SLW invalidated
[09:31] {Threei} RIMM{ looking for diff trigger
[09:32] {Threei} .25 break
[09:32] {Threei} stop above .35
[09:32] {Threei} no go
[09:33] {nemo} watch .60 area
[09:33] {nemo} short .48
[09:34] {nemo} out above .50
[09:34] {nemo} 1/2 .36
[09:34] {Threei} FCX
[09:34] {Threei} if bounces to about .50
[09:34] {nemo} stob be adding below .35
[09:34] {Threei} should be a short around there
[09:35] {nemo} bid pulled @.35
[09:35] {nemo} 1/2 second
[09:35] {Threei} .50 break fcx
[09:36] {Threei} if stays under .60
[09:37] {dino} 11139 filled, 2167 open ndx
[09:37] {nemo} took more rimm .23
[09:37] {nemo} add below .20
[09:38] {nemo} still half original
[09:38] {Threei} out FCX
[09:39] {Threei} one entry too early
[09:39] {nemo} added rimm
[09:39] {nemo} half next .ot .09
[09:40] {Threei} same thing with FCX
[09:40] {Threei} rinse
[09:40] {nemo} 1/4 more rimm .94
[09:41] {Threei} TZOO is getting smacked
[09:41] {nemo} rimm if it dorps the bid
[09:41] {nemo} added
[09:42] {nemo} out rimm
[09:42] {nemo} wow, did that one give perfect levels to play
[09:45] {Threei} Long Setup: FCX .20 break
[09:46] {dino} mw sm l .48
[09:47] {Threei} invalidated
[09:47] {dino} mhk sm l .85
[09:49] {Threei} Long Setup: FCX 43 break
[09:50] {Threei} stop is obvious
[09:50] {Threei} target .35
[09:50] {Threei} 3 partials
[09:51] {dino} brk/b sm l .47
[09:53] {Threei} let's scratch FCX
[09:54] {Threei} something isn't right
[09:54] {nemo} if it drops support not until .35
[09:54] {dino} 07 all green
[09:55] {Threei} 1:1
[09:55] {Threei} shrug
[09:55] {Threei} not feeling it today
[09:57] {nemo} took .11
[10:01] {dino} out brk/b .87, +.40
[10:02] {nemo} 1/2 out .20
[10:02] {nemo} wtf
[10:02] {nemo} stop to .08
[10:03] {nemo} should probably have it at .06
[10:03] {Threei} (GR) Canada Fin Min Flaherty: Greece leaving the EMU is a possibility; Greece must keep cutting or may need to leave the EMU
[10:03] {RonS} wholesale inventories came in at highest ratio since oct 10
[10:04] {nemo} I'll add if it breaks .21 on volume
[10:04] {nemo} bought some .22
[10:05] {dino} titn sm l .01
[10:06] {nemo} I'm out not liking it
[10:06] {nemo} dumb, look offer .30
[10:09] {Threei} Short Setup: SLW .20 break
[10:10] {Threei} invalidated
[10:21] {Threei} Long Setup: TNA .70 break
[10:21] {Threei} if stays above .55
[10:22] {Threei} (UK) UK Govt confirms opposition to any financial transactions (Tobin) tax
[10:22] {dino} good
[10:22] {nemo} so Europe institutes one and all the volume goes to the UK and US
[10:23] {Threei} good
[10:23] {Threei} idiots must be opunished
[10:23] {Threei} 1:1
[10:23] {Threei} 1:2
[10:24] {Threei} out in full
[10:25] {nemo} I'm holding for the highs
[10:25] {nemo} oh jeez...channeling Magoo...that's no good
[10:25] {RonS} ty 3i...+.28
[10:25] {Threei} welcome
[10:25] {Threei} nemo, you have a good buffer from couple morning wins
[10:25] {nemo} yeah
[10:25] {Threei} I don't
[10:26] {nemo} you see that offer go on tna
[10:26] {Threei} so, you are in good position to give it more room
[10:26] {nemo} alright out
[10:26] {Threei} wtg
[10:26] {nemo} spy at yearly pivot
[10:26] {nemo} ty
[10:27] {nemo} mmmmhhhh, day high next buy point if spy follows
[10:27] {nemo} o.k. .43
[10:27] {nemo} stop .39
[10:28] {nemo} 1/2 .55
[10:28] {nemo} I'm probably pushing my luck
[10:28] {nemo} stop is still .39
[10:29] {Threei} Short Setup: FCX .80 break
[10:29] {dino} kr sm l .74
[10:30] {nemo} took .86 long on fcx
[10:30] {nemo} 1/4 more tna .68
[10:30] {dino} up we go
[10:30] {dino} brk/b sm l .50
[10:31] {nemo} out fcx
[10:31] {Threei} not a scalp
[10:32] {Threei} has potential to cascade like Niagara
[10:32] {Threei} combined with Victoria
[10:32] {dino} wtf air pocket
[10:33] {nemo} out buy the new low program
[10:34] {Z} .95 stop? fcx?
[10:34] {Threei} above .90
[10:35] {Threei} die already FCX
[10:36] {Threei} nah
[10:42] {Threei} Long Setup: RIMM .75 break
[10:42] {Threei} if stasy above .65
[10:43] {_thomcbell} vad that gap low not bothering you?
[10:43] {Threei} ?
[10:43] {_thomcbell} yesterday low
[10:44] {_thomcbell} rimm
[10:44] {Threei} no
[10:44] {Threei} why would it
[10:44] {Threei} if anything, it will add fuel when broken
[10:44] {Threei} RIMM moves with SPY
[10:45] {_thomcbell} ok
[10:45] {Threei} SPY pulls back, RIMM doesn't work
[10:45] {RonS} rimm sucks
[10:45] {_thomcbell} was support for 2 days in a row
[10:45] {Z} rimm is not in your favor at all lately three
[10:45] {Threei} sure if you are not in the room when we profit from it
[10:46] {Z} 1 time yesterday?
[10:46] {Threei} OK, you wqin
[10:46] {Threei} I am not p,aying RIMM anymore
[10:46] {Threei} nor SLW
[10:46] {Threei} not FCX
[10:46] {nemo} no slw, awwww.....
[10:46] {Z} rimm kinda been death by paper cuts lately, all i am saying
[10:46] {nemo} o.k. let's play pcls amzn goog, and brk.a
[10:50] {Threei} Long Setup: TNA .50 break
[10:50] {Threei} crap, late
[10:50] {Threei} valid again
[10:50] {Threei} in
[10:51] {Threei} stop under .40
[10:51] {RonS} wth dino the bids/offers move on brk/b w/ no trades?
[10:51] {dino} out brk/b .84, +.34
[10:51] {RonS} guess my t&s broken...
[10:52] {pragmatic} change the Quote server
[10:52] {Threei} I think I am better off playing Lego today
[10:52] {pragmatic} better Bingo
[10:53] {dino} ron, relax dude, it will come to you
[10:53] {dino} we buy .40-.50 sell.80s
[10:54] {RonS} went for .86 but could not see the turn due to my problem
[10:54] {dino} you need quotes?
[10:54] {RonS} no, working now...
[10:55] {dino} ok, imo, lay out on brk/b
[10:55] {RonS} target kr dino?
[10:55] {dino} waiting at .04
[10:55] {dino} friday, so not greedy
[10:56] {dino} good report tho, beat and raised
[10:56] {dino} lets go .09
[10:56] {RonS} ya 5% sss for chain tis size is impressive...plus net margins increased
[10:58] {dino} need some mkt help, if we get some, then hod, w/trailing hard stop starting at .04
[11:03] {RonS} eur lod
[11:10] {dino} mw to .88
[11:11] {Threei} (GE) Germany said to be preparing a plan to help protect the German banking industry from a Greece default; may use bank rescue fund
[11:11] {dino} out mw +.40
[11:12] {dino} too much news today
[11:13] {nemo} took faz long at .81 on that
[11:13] {nemo} partial at . 01
[11:13] {nemo} some more .31
[11:14] {dino} gj
[11:14] {Threei} this news is admission of default coming
[11:14] {nemo} look they're saying Greece is defaulting, sayonara financials
[11:14] {patience} still in fcx short
[11:14] {nemo} stop to .19
[11:15] {patience} out
[11:16] {pragmatic} you were patient ineeed on FCX!
[11:16] {nemo} stop to .34
[11:18] {patience} should have stuck in there but need to go to the airport
[11:18] {dino} have to agree w/you 3i
[11:18] {nemo} out .81
[11:18] {Threei} look at GS
[11:19] {Threei} FAZ
[11:19] {nemo} I probably should hold, yeah, this will likely go on forever
[11:19] {Threei} must be long but I'll be damned if I can find entries in today's mess
[11:19] {nemo} I took the entry on the news
[11:20] {nemo} yeah, see, should have sucked it up
[11:22] {nemo} dumbass me
[11:23] {Threei} larisa
[11:23] {dino} brk/b sm l .01 wide
[11:23] {Threei} may I finally say the word?
[11:23] {nemo} we're going to crash
[11:23] {Threei} the p word
[11:23] {Threei} and the c word
[11:24] {Threei} seriously, TZA and FAZ are just buys
[11:24] {Threei} with no setups
[11:24] {nemo} dgp
[11:24] {nemo} .01
[11:24] {nemo} 1/2 out .22
[11:25] {nemo} stop is .99
[11:25] {dino} going contrary here
[11:25] {nemo} out
[11:25] {nemo} wow that was weird
[11:25] {nemo} thought gold would bolt
[11:28] {nemo} wow, that was really weird
[11:28] {nemo} frickin' gold
[11:31] {dino} 2167 ndx gap
[11:39] {Threei} FAZ
[11:41] {Threei} market breakdown coming
[11:41] {Threei} wtahc .50 support on SPY
[11:41] {Threei} watch
[11:42] {Threei} with that lost, panic hits
[11:42] {Threei} both FAZ and TZA spiked
[11:42] {Threei} nere is panic
[11:43] {Threei} anyone went for any of them on .50 SPY break?
[11:45] {nemo} wanted to but the volatility
[11:45] {Threei} yeah, can't blame you
[11:45] {Threei} went for both, but with half lot
[11:45] {nemo} I'm doing alright today don't want to fu....shoot myself in the foot
[11:45] {Threei} yes
[11:46] {Threei} for me that was enough to erase the losses so not really complaining
[11:50] {Threei} nest leg is coming
[11:50] {Threei} what amazes me:
[11:50] {Threei} Greek default was so obvious fo so long,
[11:51] {Threei} and it's like whole market was in ottal denial
[11:51] {Threei} and now acts shocked and surprized
[11:51] {Threei} anyone who looked could see it was unavoidable
[11:52] {RonS} nah, playing musical chairs and waiting for the fat lady to sing...
[11:59] {dino} ndx filled
[11:59] {dino} next levels down 10716; 2044, 1120
[12:01] {dino} nvda l .05
[12:01] {dino} gef sm l .50
[12:02] {dino} kr to .04
[12:04] {dino} vrsn sm l .35
[12:05] {dino} kr to .09
[12:06] {dino} individual stocks are holding/or making higher lows
[12:07] {dino} kr stop, .09, +.35
[12:07] {RonS} gj
[12:07] {dino} you still in
[12:08] {RonS} shook out long ago
[12:08] {RonS} +.14
[12:08] {Threei} here comes next leg
[12:08] {Threei} FAZ breaking
[12:08] {nemo} 7.6 tza
[12:08] {Threei} GS lost support
[12:08] {nemo} .76
[12:09] {Threei} took some short 103
[12:09] {nemo} out flat
[12:09] {nemo} mmhhhhh
[12:09] {nemo} turning point coming I think
[12:10] {nemo} damn
[12:18] {RonS} in vrsn .37...thinkin .78...
[12:22] {Threei} unless new news appear, eod should see more selling
[12:22] {nemo} what about short covering?
[12:22] {Threei} nah
[12:22] {Threei} longs looking for exit should prevail
[12:22] {Threei} they will be scared of weekend news more than shorts
[12:23] {larisa} it is unpatriotic to do so on 9/11 anniversary.. we will end up close to green :)
[12:23] {Threei} hmmm
[12:23] {larisa} wait and see :)
[12:24] {RonS} yah, the guvmint already pimpin a 9/11 event
[12:24] {Threei} if we close green, I'll eat my keyboard
[12:25] {larisa} again??
[12:25] {Threei} yes, been a while
[12:25] {Threei} letters are all faded
[12:25] {Threei} typing blind
[12:25] {Threei} time to eat it
[12:32] {nemo} Greece failed treasury auction
[12:32] {nemo} tza .01
[12:32] {Threei} how could it not
[12:33] {nemo} out
[12:33] {nemo} not moving fast enough
[12:34] {Threei} Euro breaking down again
[12:34] {RonS} dino, check the one yr daily on wtw...how long can levitation last?
[12:37] {dino} dk ron, but i think they blew away estimates
[12:38] {dino} idcc sm l .45
[12:48] {Threei} (GE) Some members of the German junior coalition partner FDP are calling for a referendum on the ESM permanent bailout fund - Der Spiegel
[12:48] {dino} out .86, +.41
[12:48] {Threei} like that is going yo hsappen
[12:48] {Threei} referndum ends it all at once
[12:50] {dino} too soon idcc
[12:52] {dino} mw sm l .00
[12:55] {dino} gpor sm l .24
[12:57] {Threei} (EU) ECB's Stark: A quantum leap should be taken to save the Euro; reforms are necessary in the EMU - newspaper interview
[12:57] {Threei} - Sees need for sound fiscal policy as it would help confidence
[12:57] {Threei} - Notes if budget cuts are delayed then costs will increase; Warns that fiscal stimulus would compound the debt problem increase financial stability risks.
[12:58] {Threei} (GR) Greece Finance Ministry comitted to bailout agreement; confirms has no intent to defaul (related EUR/GBP EUR/USD NBG GBP/EUR )
[12:58] {Threei} lol
[12:59] {_thomcbell} nice dino idcc
[12:59] {dino} ty
[13:00] {dino} me thinks greece protests too much. reminds me of fnm, fre, etc
[13:01] {dino} thing is, imo, if no default they will inflate it away (or try too)
[13:01] {Threei} well, I see it this way:
[13:01] {dino} its either or
[13:01] {Threei} the more they deny default, the more chances they get to recieve something else
[13:01] {Threei} so they'll deny it till the bitter end
[13:02] {dino} yes, its the old problem of who's is it. imo, its the banks problems, not greeces so much
[13:03] {nemo} well it's greece's fiscal problem
[13:03] {nemo} which the banks own
[13:03] {Threei} so, if banks were so stupid to sink money into non-viable entity, let them eat it
[13:04] {dino} bingo nemo, the banks own it, not greece. no collateral, they can just say fu and walk away.
[13:04] {dino} greece is in charge at this point
[13:06] {nemo} hah...Greece has done to European banks what they are well known for...
[13:06] {dino} roflol
[13:10] {dino} aati drop
[13:15] {dino} out nvda .17, +.12
[13:16] {dino} out gpor .64, +.40
[13:17] {dino} aati blood
[13:17] {Threei} AATI Weakness attributed to filing update on pending merger with SWKS; discloses SWKS delivering a Notice of Breach
[13:17] {dino} 3.90 gap
[13:24] {dino} vrsn stopped -.36
[13:32] {Threei} a lot of default speculations mention specifically "over this weekend"
[13:33] {Threei} that's a serious problem for longs
[13:33] {Threei} to get caught during weekend into this is nothing short of catastrophe
[13:33] {nemo} ohhhh the hyperbole
[13:34] {Threei} you day trader can't estimate to epic scale of such trap :)
[13:34] {Threei} to = the
[13:35] {nemo} wtf do you think I was before I was a daytrader????????
[13:35] {Threei} oh boy
[13:35] {nemo} watch it....
[13:35] {Threei} you don't want me to hare all versions of answers I have
[13:35] {nemo} oh jeez....
[13:35] {Threei} hehe
[13:35] {nemo} here it comes
[13:35] {Threei} share
[13:35] {RonS} bunny herder?
[13:35] {nemo} What a frickin' setup
[13:35] {Threei} well, you walked into it yourself... willingly
[13:35] {nemo} speaking of...
[13:35] {RonS} song & dance man?
[13:35] {Threei} and whistling care-free
[13:36] {larisa} elephant trainer ..
[13:36] {nemo} bunny under the bed
[13:36] {RonS} gigilo?
[13:37] {nemo} I wish
[13:37] {nemo} not really
[13:38] {RonS} h.l. mencken?
[13:38] {nemo} my hero
[13:38] {nemo} long faz .81
[13:39] {nemo} out
[13:39] {nemo} ouch
[13:39] {nemo} got fooled by the volume spike a couple of minutes ago, watch, rinse
[13:39] {RonS} " a cynic is a man who, when he smells flowers, looks around for a coffin" mencken
[13:40] {RonS} " a man may be a fool and not know it, but not if he is married"
[13:40] {nemo} hehehehehe
[13:42] {RonS} A prohibitionist is the sort of man one couldn't care to drink with, even if he drank.
[13:44] {RonS} Every decent man is ashamed of the government he lives under.
[13:45] {RonS} If a politician found he had cannibals among his constituents, he would promise them missionaries for dinner.
[13:47] {RonS} lol...Opera in English is, in the main, just about as sensible as baseball in Italian.
[13:48] {nemo} or virginity in Italy
[13:51] {Threei} (GE) Germany Fin Min Schaeuble: Affirms commitment to July summit decisions; there is no plan B for debt crisis
[13:51] {Threei} - Reminder: Earlier the German FDP (coalition) budget official Fricke: All countries working on a 'plan B' for Greece; G7 pressure required on financially burdened states
[13:51] {Threei} (GE) Germany Fin Min Schaeuble: Affirms commitment to July summit decisions; there is no plan B for debt crisis
[13:51] {Threei} - Reminder: Earlier the German FDP (coalition) budget official Fricke: All countries working on a 'plan B' for Greece; G7 pressure required on financially burdened states
[13:51] {Threei} oops
[13:52] {RonS} makes me think of ed wood...plan 9 from outer space...
[14:14] {RonS} nemo dcc...
[14:25] {Threei} Long Setup: TZA .50 break
[14:27] {nemo} I think just the machines are trading this afternoon
[14:30] {Threei} first exit .75]
[14:30] {nemo} I figured invalidation was .35
[14:31] {Threei} I just put stop under the low of a pullback
[14:31] {nemo} ahhh, oh well
[14:34] {RonS} +.32 thanks 3i
[14:34] {Threei} second partialI was insiting on selloff continuation so long, I must try play it
[14:34] {Threei} :)
[14:34] {Threei} second partialI
[14:34] {Threei} .97
[14:35] {RonS} .vix hod
[14:35] {dino} gj
[14:55] {larisa} am I the last optimist on Earth ? cmon people.. lets show them and let them taste keyboard..
[14:55] {nemo} that's the closest I've ever come to slapping you
[14:55] {Threei} haha
[14:56] {Threei} I'll have to settle for less exotic way to dispose this keyboard
[14:57] {Threei} by the way, it's anot about optimism... I am quite optimistic about future of Europe - after it gets rid of this burden of EU
[15:00] {Threei} Long Setup: TZA 50 break
[15:00] {nemo} wow
[15:01] {Threei} stop under .85
[15:02] {Threei} ok... not this time
[15:03] {Threei} FCX, what a disaster chart
[15:21] {_thomcbell} disgusting
[15:23] {dino} .\
[15:25] {Threei} http://www.facebook.com/photo.php?fbid=258015314233151&set=a.237133656321317.63196.235739863127363&type=1
[15:26] {Threei} feel quite exhausted by this week
[15:26] {Threei} with your kind permission, I'll leave the battlefield
[15:26] {Threei} let this fall apart without me
[15:26] {Threei} my keyboard is safe I am sure
[15:27] {larisa} hhmm
[15:27] {RonS} ...sounds good to me 3i...have a nice weekend
[15:27] {Threei} see you on Monday, refreshed, recharged and ready to extract some momney
[15:27] {Threei} no hmm larisa :)
[15:27] {Threei} it IS safe :)
[15:27] {larisa} bye then :)
[15:53] {dino} rallying into close
[15:54] {dino} out mw .16, +.16
[15:57] {dino} out gef .34 -.16
[16:03] {dino} gn all
