Jan 31 2011

Last day of the month became first losing day of the year. Everything worked - but only after rinsing us out first. We nailed down the scenario of the day perfectly pre-market but entries were elusive.

Session Time: Mon Jan 31 00:00:00 2011
[08:16] {magoo} morning
[08:19] {jfjf64} mornin  mags
[08:19] {nemo} shiver me timbers
[08:19] {jfjf64} nemo
[08:19] {nemo} emphasis on shiver...wtf...two more storms this week
[08:20] {jfjf64} craxy
[08:20] {jfjf64} gettin  hit  hard
[08:20] {nemo} yeah...no place to put it...
[08:20] {nemo} Funny too...You can't dump excess snow in the ocean because of environmental damage
[08:21] {jfjf64} hmm
[08:21] {nemo} It's global warming you know
[08:21] {jfjf64} my 13 year  old  just  did  papper  this  weekend
[08:21] {jfjf64} lol
[08:22] {magoo} MEE huge up
[08:22] {nemo} buyout offer
[08:23] {nemo} ANR down
[08:25] {nemo} Hey, Raven...what do birds wear during the winter
[08:25] {nemo} ?
[08:25] {magoo} hmm..deal is for 69 a share...shouldnt it be near there MEE
[08:25] {nemo} must be something in the details
[08:29] {Raven} gloves
[08:30] {Threei}  morning gents
[08:30] {nemo} wow...who makes gloves for crows feet?
[08:30] {Raven} much more of this winter and we take cyanide
[08:31] {nemo} It is a fell cold that whispers evil from the north
[08:31] {Raven} ya have to make your own ... different number of toes you know
[08:31] {Threei}  even Egypt couldn't hold this market down eh
[08:31] {nemo} oh yeah...forgot my meds
[08:32] {nemo} wait until Egypt reconstitutes and rips up the peace treaty with Israel, then you'll get a drop
[08:33] {Threei}  you'd think such development should start pricing in now
[08:36] {nemo} Funny, you see all these comments about Egypt becoming a real democracy...has there ever been an Arab democracy?
[08:37] {Threei}  maybe it's going to be a first?
[08:38] {nemo} Yeah...right
06[08:38] * Threei slaps strider around a bit with a Welcome Back banner
[08:38] {nemo} Reminds me of when all the yahoos were claiming Obama was gonna' come in and make things all better
[08:39] {strider} gosh....and made out of whipped creme.   thanks, vad.
[08:39] {nemo} Vad, you were supposed to lace it with salt..wtf
[08:39] {Threei}  sure, and be thankfull magoo is slapless these days
[08:40] {Threei}  nemo, I just get him to let his quard down this way
[08:40] {jfjf64} 3i
[08:40] {strider} magoo have a horrible accident?
[08:40] {magoo} sigh..a grande conspiracy
[08:40] {Threei}  jf :)
[08:41] {Threei}  yes, he became all nice, kind and gentle as a result of it
[08:41] {magoo} i take off few days hunting and vad sabotages my mIRC
[08:41] {Threei}  so we enjoy relative safety
[08:49] {magoo} news DEPO ANR ?
[08:50] {nemo} anr buying mee
[08:50] {Threei}  Depomed Inc FDA approves GRALISE (gabapentin) Once-Daily Tablets for Treatment of Post-Herpetic Neuralgia- Announced that US FDA has approved GRALISE(gabapentin) Tablets for once-daily treatment of post-herpetic neuralgia (PHN), which is pain following healing of the rash associated with shingles. GRALISE was developed by Depomed under the code name DM-1796 and is licensed to Abbott Products, Inc. in the U.S., Canada and Mexico. The approval of GRALISE triggers a milestone payment of $48 million from Abbott to Depomed.
[08:50] {Threei}  and what nemo said
[08:55] {magoo} ty
[08:59] {nemo} that was a brutal correction to ride out
[09:00] {Threei}  Dri selloff you mean?
[09:00] {Threei}  Fri
[09:00] {nemo} yeah
[09:00] {nemo} it lasted pretty much all day
[09:00] {Threei}  well... there should be aftershock
[09:00] {nemo} unbeliveable
[09:00] {Threei}  lol
[09:05] {larisa} gm :)
[09:05] {Threei}  larisa :)
[09:06] {larisa} vad :)
[09:07] {dino} gm all
[09:08] {Threei}  dino :)
[09:08] {strider} dino:0
[09:08] {dino} :D
[09:12] {RonS} :)  all
[09:13] {Threei}  ron :)
[09:20] {Threei}  EGPT Halted
[09:21] {strider} at last, some sanity
[09:21] {Threei}  (US) TTN Analysis: Florida judge may issue ruling today in healthcare reform class action case today- A US District Court in Florida is expected to rule on a lawsuit brought by governors and attorneys general from 26 US states. Because of the number and stature of the plaintiffs in this case, it is considered more important than several prior court rulings on the heathcare reform legislation.
[09:21] {Threei}  - Recall that two district court judges have rejected challenges to the individual mandate component of the reform, the requirement that citizens have health insurance by 2014 or pay a penalty.
[09:21] {Threei}  - A federal district judge in Virginia ruled against this provision of the law in December.
[09:21] {ese} gm
[09:22] {Threei}  ese :)
[09:22] {strider} mornin ese
[09:24] {Threei}  my working assumption:
[09:24] {nemo} mini bulltrap...leading to big bear trap?
[09:25] {Threei}  sharp pullback at the open, as those caught off guard and scared by Fri selling perceive this gap us as selling opportunity
[09:25] {Threei}  then turn up and slow steady climb back to high and higher
[09:25] {magoo} ot F?
[09:25] {Threei}  ?
[09:26] {magoo} miss type sorry
[09:27] {Threei}  {Ms Type} what are you sorry for?
[09:30] {ese} hey st vad.......delayed reaction to your good morning ...played a gig until 12:30 last night
[09:31] {Threei} Short Setup: LVS  .85 break
[09:32] {Threei}  invalidated
[09:32] {Threei} Short Setup: X  .50 break half lot
[09:33] {Threei}  stop above .60
[09:33] {Threei}  no go
[09:34] {nemo} spy and russel not moving much
[09:35] {nemo} now they move, figures
[09:35] {Threei}  SPY drops
[09:36] {Threei}  missed another X chance, 57 break
[09:36] {Threei}  too fast to alert
[09:36] {Threei}  same LVS
[09:36] {Threei}  let's see if bounce gives us entry
[09:36] {Threei}  LVS from above 46, on recross back down
[09:37] {RonS} Chi pmi 9:42
[09:43] {Threei}  positive
[09:43] {nemo} no...really
[09:45] {Threei}  *(US) JAN CHICAGO PURCHASING MANAGERS INDEX: 68.8 V 64.5E
[09:45] {Threei} Short Setup: LVS  .10 break
[09:46] {Threei}  if stays under .20
[09:47] {Threei}  1:1
[09:47] {Threei}  1:2
[09:48] {Threei}  1:3, out
[09:49] {Threei} Short Setup: SLW  .40 break
[09:49] {Threei}  if stays under .50 scalpers
[09:49] {Threei}  day traders, rather wait for .50 - .60 setup, and take .50 aggressive entry
[09:51] {nemo} market turning up
[09:51] {Threei}  yes but... SLW should move against the market today
[09:53] {Threei}  let's trail to .46
[09:53] {Threei}  unclear here, want to tighten risk
[09:54] {Threei}  OREX
[09:54] {Threei}  Orexigen Therapeutics Inc Strength attributed to anticipation of FDA decision on Contrave weight management drug- The FDA PDUFA action date for Contrave is today, so a decision on the drug will likely be issued early this week. - REMINDER: on 12/7/10 and FDA advisory panel voted 13-7 that the benefits of Contrave outweigh its risks and that the drug does not need a pre-approval study of cardiac effect.
[09:54] {Threei}  out SLW
[09:55] {Threei}  wow
[09:55] {Threei}  INTC halted
[09:55] {Threei}  don't remember ever seeing that'
[09:55] {Threei}  PEIX is buying INTC I guess
[09:57] {dino} sndk sm l .00
[09:57] {dino} tkr sm l .25
[09:58] {Threei}  da ytraders for once win
[09:58] {Threei}  cover galf here
[09:58] {Threei}  half
[09:58] {Threei}  stop to .56
[09:59] {Threei}  1:2
[09:59] {Threei}  1/4 more
[09:59] {dino} sndk stopped -.32
[10:00] {Threei}  Intel Corp Discovered a design issue in a recently released support chip, the Intel 6 Series, code-named Cougar Point; sees Rev reduced by $300M
[10:00] {dino} whippy
[10:01] {nemo} yep
[10:01] {nemo} stop busting action
[10:01] {Threei}  1:3
[10:01] {dino} sndk rinse r oni
[10:01] {Threei}  out
[10:01] {larisa} on what?
[10:01] {Threei}  SLW??
[10:01] {nemo} slw for daytraders blondie
[10:02] {Threei}  [09:49] {Threei} day traders, rather wait for .50 - .60 setup, and take .50 aggressive entry
[10:02] {larisa} oh, missed that :)
[10:04] {RonS} naz 100 just went on its first PnF sell signal in months
[10:05] {ese} L swk 1/2 .70
[10:06] {ese} vad.....question.....if hourly charts line up like the examples in your for 1min charts from you Tape Reading book....are they just as effextive
[10:07] {Threei}  sure
[10:07] {ese} in Your Tape Reading book
[10:07] {ese} tks....check out swk for then
[10:07] {ese} hourly
[10:08] {ese} me
[10:09] {dino} sndk sm l .75
[10:11] {ese} what do you think......swk has been bumping up against .70 for 2 days now on the hourly charts
[10:12] {ese} moot question....has broken above .70 nicely
[10:13] {Threei}  looks good except for volume
[10:13] {ese} ya
[10:14] {ese} out .89
[10:15] {ese} +.19
[10:15] {strider} out APA long +.18, +.36
[10:16] {dino} gj
[10:16] {dino} sndk stopped -.26
[10:16] {Threei} Short Setup: RIMM  .30 break
[10:16] {Threei}  if stays under .40
[10:17] {Threei}  day traders, .45
[10:17] {nemo} this gonna be high volume candle
[10:18] {Threei}  question is how red
[10:18] {nemo} move stop to .31?
[10:18] {strider} out 1/2 .21
[10:18] {Threei}  good move
[10:18] {Threei}  .35, nemo
[10:18] {nemo} or go long  ;)
[10:19] {Threei}  no
[10:19] {strider} bal. -.01
[10:19] {Threei}  no long on rimm
[10:19] {dino} sndk two rinses, sheesh
[10:19] {strider} too jerky for me.
[10:19] {ese} L dnr .32
[10:19] {strider} same old rimm
[10:20] {ese} out dnr avg .43 +.12
[10:20] {Threei} Short Setup: X  .90 break
[10:21] {Threei}  if stays under 57
[10:21] {ese} bs lucky this morning....everytime i exit these is a sharp selloff
[10:22] {ese} almost instantaneously
[10:22] {nemo} spy riding a trend line from 3:45 on Fri
[10:22] {Threei}  touched 1:1 way too briefly for reliable exit
[10:22] {Threei}  looks like market is ready to change for upward
[10:25] {Threei} Long Setup:  LVS  .60 break
[10:25] {nemo} lvs short?
[10:28] {Threei}  not a scalp if works
[10:28] {Threei}  targeting about 1:3
[10:28] {Threei} Long Setup:  X  .10 break half lot
[10:29] {Threei}  LVS 1:1
[10:30] {Threei}  X invalifated
[10:30] {Threei}  *(US) JAN DALLAS FED MANUFACTURING ACTIVITY: 10.9 V 15.0E
[10:30] {ese} in lvs .61
[10:31] {Threei}  great X, now you break and work
[10:31] {Threei}  conniving bastard
[10:32] {dino} out tkr .56, +.31
[10:32] {ese} out 1/2 .69 +.08
[10:32] {ese} stop to even balance
[10:33] {ese} stopped even lvs balance
[10:33] {RonS} chk
[10:34] {nemo} I bet natgas stocks are rising
[10:34] {ese} tks vad
[10:34] {ese} i was 3k/3k on that....didn't want to take the chance of it shooting dn
[10:35] {Threei}  let's see if we get another entry on it around .40
[10:36] {strider} on what?
[10:36] {Threei}  LVS
[10:36] {ese} lvs
[10:36] {strider} k
[10:38] {dino} ghl sm l .78
[10:38] {Threei}  no clear entry
[10:38] {nemo} rorschach rears his head
[10:38] {Threei}  oh well
[10:39] {ese} lvs strong
[10:39] {Threei}  now it becomes a matter of SPY high break
[10:39] {ese} y
[10:40] {strider} long dnr .82
[10:40] {Threei} Long Setup:  SLW  .25 break
[10:40] {ese} L .68
[10:40] {ese} lvs
[10:41] {ese} 1 lot
[10:41] {Threei}  too much chasing for my taste
[10:44] {strider} out dnr -.03
[10:44] {Threei}  no go SLW
[10:45] {ese} or lvs it seems
[10:46] {ese} higher lows though...and pressing up against .70 ...it should go
[10:46] {Threei}  things work but not without invalidating or rinsing first
[10:46] {Threei}  so, change of plan
[10:46] {Threei}  switching to aggressive or after-rinse entries
[10:48] {Threei}  wow
[10:48] {dino} out ghl .17, +.39
[10:48] {Threei}  what the deuce
[10:48] {ese} rinsed big time lvs.....stopped .47 -.21
[10:49] {dino} not glad, but good to see its not just me w/rinses
[10:50] {Threei}  SLW,
[10:50] {ese} auch du miya....
[10:50] {Threei}  let's let it dive to 31 and see if we get an entry as it breaks it, rinses longs and jumps back up
[10:51] {Threei}  no dino, rinses is the name of the game today on unusually high % of trades
[10:53] {dino} unfortunately
[10:54] {ese} lots of on edge traders i guess
[10:55] {davd} muslim b'hood says keep up the fight - brking news
[10:55] {ese} hmmmmmm
[10:56] {davd} signal potentially a radical element to situation, not here to for present
[10:56] {Threei}  imagine all the military planners all over the world devising contingency plans to secure Suez Canal
[10:57] {nemo} probably just US
[10:57] {Threei}  and half of Europe
[10:57] {nemo} no...wussies always let US do it
[10:59] {davd} reminder - china not need suez
[11:00] {RonS} guess they don't ship anything to Europe that way...
[11:01] {RonS} Suez close biggest loser:  Somali pirates
[11:01] {Threei}  lol
[11:04] {Threei}  note, SLW starts establishing opposite to market direction
[11:05] {Threei} Short Setup: SLW  .10 break
[11:05] {Threei}  if stays under .20 scalpers, .25 day traders
[11:05] {ese} lvs
[11:07] {RonS} lol, mags talks bidu earning for two weeks, then when they are about to happen says nada
[11:08] {magoo} actually traded it tho
[11:08] {RonS} pre?
[11:09] {magoo} just now. .20 to .65
06[11:12] * Threei slaps laserhelp around a bit with a large alarm clock
[11:12] {magoo} im trading like shit tho, cant call it..knew it was going 108 too, but took the out
[11:12] {dino} amn bit of blood
[11:14] {magoo} u got read BIDU vad?
[11:14] {magoo} 109?
[11:15] {Threei}  other than to read all 4 l,etters of its symbol out loud, no
[11:15] {magoo} do u think recreational fishing is any good in the suez canal?
[11:16] {Threei}  hmmm
[11:16] {Threei}  as a fan of flyfishing in the middle of the city plaza, I'll stay with that
[11:16] {Threei}  btw, it must be plaza with no fountain
[11:17] {Threei}  good old asphalt all over
[11:20] {Threei}  let's trail SLW to .16
[11:21] {Threei}  this can easily be trend turn
[11:22] {dino} sm l chke .75
[11:30] {Threei}  sigh SLW
[11:30] {Threei}  I am off my game today
[11:30] {nemo} rinse day, and micro creep on the spy
[11:31] {Threei}  look at it playing out perfectly now
[11:31] {Threei}  and I can't even blame it, it was I who decided to tighten stop
06[11:32] * Threei shoots himself, mops out the blood off the floor and goes back to his desk to look for the next trade
[11:32] {nemo} where'd you shoot yourself
[11:32] {nemo} ?
[11:32] {Threei}  in the next room
[11:32] {nemo} on your anatomy
[11:32] {Threei}  that's personal
[11:33] {nemo} Well, I guess it wasn't in the head, because it would just bounce off
[11:33] {Threei}  but hint: I picked brain as the leats useful part
[11:33] {Threei}  or most useless
[11:33] {nemo} maybe try sticking the barrel under your chin near the larynx
[11:33] {Threei}  writing down, thanks for the pointers
[11:34] {Threei}  SLW 1:2... grr
[11:34] {nemo} less material to go through
[11:34] {Threei}  RIMM is short candidate again
[11:35] {Threei}  59 is standard trigger
[11:35] {Threei}  has potential for 50 cents drop
[11:36] {Threei}  who went for it, stop is .15
[11:37] {Threei}  discretionary trade, can't tell what kind of entry would be best here
[11:37] {nemo} no entry?
[11:37] {Threei}  ?
[11:37] {Threei}  [11:37] {Threei} discretionary trade, can't tell what kind of entry would be best here
[11:37] {nemo} joke vad
[11:38] {Threei}  since I have no sense of humor, it's lost on me
[11:38] {nemo} wife beat it out of you?
[11:39] {dino} ghl sm l .64
[11:39] {Threei}  it wasn't there to begin with
[11:39] {nemo} look...we blame her, she's not here to defend herself
[11:40] {Threei}  that' easy way out but the truth is I was born grim, humorless and frowned as soon asn my brows formed
[11:40] {nemo} X
[11:40] {nemo} two high volume dojis
[11:43] {Threei}  RIMM... all or nothing play for me
[11:43] {Threei}  stop .15, target about .55
[11:44] {magoo} me too
[11:50] {ese} ron......do you have a short position read on ldk?   if your hangin
[11:50] {RonS} ldk 14.7 mil sh short
[11:50] {ese} tks
[11:57] {magoo} taking too long vad
[11:58] {Threei}  well, it's not a reversal after sharp drop setup
[11:58] {Threei}  on those I don't want to see prolonged sitting around
[12:03] {dino} sndk sm l .50
[12:07] {RonS} oil at overnight highs...gold, silver popping...if oil rips through $91...katie bar the door
[12:09] {magoo} out
[12:09] {Threei}  you know what the most disgusting thing about today is?
[12:09] {nemo} we should get about 129.5 on the spy today
[12:09] {Threei}  I forecasted the action perfectly - and haven't found the way to benefit from it
[12:09] {RonS} eggaxly
[12:10] {Threei}  [09:24] {Threei} my working assumption:
[12:10] {Threei}  [09:25] {Threei} sharp pullback at the open, as those caught off guard and scared by Fri selling perceive this gap us as selling opportunity
[12:10] {Threei}  [09:25] {Threei} then turn up and slow steady climb back to high and higher
[12:11] {RonS} insult to injury: dino struggling too  :(
[12:11] {Threei}  oh well... it looks to become first losing day of the year
[12:11] {Threei}  unless some saviour on in shining armor white hourse rides in... for a dollar move on decent size
[12:13] {Threei}  I have an idea
[12:13] {Threei}  how about we consider it strider's fault?
[12:14] {nemo} interesting idea
[12:14] {strider} I knew it would happen
[12:14] {nemo} but he's here to defend himself
[12:14] {RonS} ye olde strider hex
[12:14] {nemo} not optimum scenario
[12:14] {nemo} actually, he's had a positive day I think
[12:14] {Threei}  let's hope he is out of shape nemo
[12:15] {strider} yeah, I've been accidentally going long when you called short....i'm up $22,000
06[12:16] * Threei slaps strider around a bit with a bottle of Antisarcastine
[12:33] {RonS} oil futes at 91.50
[12:33] {dino} .
[12:33] {nemo} they've got there excuse to go to 100 now
[12:34] {dino} were going there anyway
[12:35] {dino} chke stopped -.26
[12:37] {Threei}  Canada sent a plane to carry canadians stuck in Egypt home... egyptian officials keep it from taking off, referring to pilots' shift being over per regulations and demanding money for the permission to leave
[12:37] {Threei}  nice
[12:37] {RonS} ...send in the Mounties...
[12:37] {Threei}  with horses?
[12:38] {RonS} dog sleds
[12:38] {nemo} camels
[12:38] {dino} lol
[12:39] {dino} mubarek wants to board that plane
[12:40] {RonS} oil 91.66
[12:42] {Threei}  if RIMM proceeds now to the target, I will switch to Russian to characterize this day
[12:43] {Threei}  English with its 2 or 3 swearing words is just not suitable for the purposes
[12:54] {dino} svvs spike
[12:57] {Threei}  (CA) BoC's Carney: Continuing to watch the CAD and productivity as both CAD and productivity are risks to downside
[12:57] {Threei}  - Currently seeing more signs of US growth than in October; emerging markets may slow quickly if they overheat
[12:57] {Threei}  - private demand in advanced economies is showing good direction
[12:57] {Threei}  - G20 unlikely to reach a consensus with regard to the financial transaction tax (tobin)
[13:00] {RonS} lvs acting heavy
[13:07] {RonS} oil 91.92
[13:07] {RonS} 92.05
[13:18] {RonS} mags, catch any of the bidu move to 109?
[13:20] {magoo} a lil
[13:21] {dino} pll sm s .31
[13:22] {RonS} Credit Suisse said Pall could be a takeover target, with the company's chief executive planning to retire by March 2012 or earlier. "We believe Eric Krasnoff's retirement is a catalyst for the company to merge
[13:22] {Threei}  hmmm
[13:23] {Threei}  US) Fed's Lockhart: FX rate for the USD is not central to Fed policy; cannot speculate as to future value of USD
[13:23] {Threei}  - Q&A- More bank failures to be expected in 2011, but the health of the banking system overall has improved.
[13:23] {Threei}  how can Fed be not concerned about USD value
[13:23] {Threei}  oh wait...
[13:24] {Threei} Short Setup: LVS  .40 break
[13:28] {dino} jazz
[13:34] {Threei}  CME halts natural gas futures and options trading; no explanation yet
[13:34] {Threei}  what the
[13:34] {nemo} terrorists bombed the oil shale formations?
[13:35] {dino} f wants that 15.20 gap
[13:37] {Threei}  to resume at 13:45
[13:44] {ese} Wheres Les these days?
[13:45] {RonS} Switzerland
[13:45] {ese} been on the phone alll morning and it's looking like i'm gonna be in his neck of the woods in August.
[13:45] {ese} Denmark.......close enough
[13:46] {RonS} i think they have a lot of woods...but will ask kshun this pm
[13:46] {nemo} got all of Germany between you and him, frankly, I prefer having the Atlantic as a buffer
[13:46] {ese} hmmmmmmm maybe your right
[13:47] {ese} it's them shifty eyes...errrr fingers i see on the board
[13:47] {ese} you cannot trust someone with shifty fingers I always say
[13:48] {RonS} reminds me of my father-in-law:  always called me a half-breed:  russian hands and roman fingers
[13:48] {magoo} begin the russian vad
[13:48] {magoo} f'in rimm
[13:50] {Threei}  lol
[13:50] {ese} lol
[13:50] {nemo} break of spy bullflag coming?
[14:00] {Threei}  so mags... fess up... too RIMM again?
[14:00] {Threei}  took
[14:05] {ese} gotta go all see ya tomorrow.......if Les pops in tell him i'm coming to europe in the summer and i'm staying at his house
[14:05] {Threei}  take care ese
[14:05] {ese} cya vad
[14:07] {dino} cya es
[14:15] {RonS} oil 92.62
[14:18] {RonS} 92.80
[14:23] {RonS} f bomb
[14:24] {dino}  15.20 gap
[14:25] {Threei}  IMAX moves to NYSE
[14:25] {Threei}  Deb 11
[14:25] {Threei}  Feb
[14:25] {RonS} bigger theater?
[14:26] {Threei}  lol
[14:27] {Threei}  mags
[14:27] {dino} pll bstop to .01
[14:29] {magoo} huh?
[14:29] {Threei}  14:00] {Threei} so mags... fess up... took RIMM again?
[14:29] {magoo} i tried to short 59 2 more times and was rinsed
[14:32] {Threei}  look at this POS
[14:33] {Threei}  I offically announce today a cleansing day - Day of Rinse
[14:34] {dino} i can relate
[14:35] {dino} cov pll .91, +.40
[14:35] {Threei}  I feel all exfoliated
[14:35] {larisa} did you try it even once? :)
[14:35] {Threei}  I just learned to spell that
[14:36] {Threei}  and hey, sand paper should do a good job
[14:37] {kschun} POS Vad?
[14:39] {nemo} Piece of (expletive deletive)
[14:39] {kschun} ah o.k. thanks :-)
[14:42] {nemo} how are mrket internals sneeze?
[14:44] {kschun} they do not say a lot today. TRIN sligthly short all in all. but declining now.
[14:45] {kschun} ADVDEC AND UPVOLU/DOWN VOL negative for the moment. TICK got just above 0
[14:47] {kschun} really looking like nothing for the moment. better short then long, but not sure at all
[14:50] {Threei}  RIMM at target
[14:59] {Threei}  uh oh
[14:59] {nemo} what?
[15:00] {Threei}  (US) Florida Judge rules that mandated choice aspect of health care reform legislation is unconstitutional; injunction against legislation not imposed- Note: It was expected the judge may vote in favor of the plaintiffs on the individual mandate component given prior comments on the case, note the Judge was a appointee of Ronald Reagan, yet may not be as favorable on the secondary component which disputes the expansion of medicaid - Recall that two district court judges have rejected challenges to the individual mandate component of the reform, the requirement that citizens have health insurance by 2014 or pay a penalty. - A federal district judge in Virginia ruled against this provision of the law in December.
[15:10] {magoo} vad, gun to head, bidu pop or drop with eatrnings?
[15:11] {dino}  both
[15:14] {Threei}  lol
[15:14] {nemo} drop
[15:14] {Threei}  pop first drop second
[15:22] {kschun} not my day. did two trades on GENZ, both finished in the red.
[15:23] {Threei}  it's not anybody's day it seems
[15:24] {nemo} they're expecting 15 inches of snow here...oy frickin vay
[15:24] {Threei}  again??
[15:24] {nemo} yep
[15:24] {nemo} storm a week
[15:26] {RonS} 57 yest, 27 a.m., 10 now...won't be 10 again 'till wed p.m....freakin Canuckian artic cold front
[15:26] {dino} ks, i'm 3 for 8, pretty much suck
[15:27] {nemo} I feel better
[15:27] {nemo} schadenfreude and all
[15:27] {nemo} vaseline day for me too
[15:31] {Threei}  misery loves company eh
[15:31] {nemo} yep
[15:34] {Threei}  ok
[15:34] {Threei}  lasdt chance to salvage something
[15:34] {Threei} Short Setup: SLW  .60 break
[15:45] {Threei}  invalidated
[15:57] {Threei}  Ok guys, letting this dasy be
[15:57] {Threei}  (as if I have a choice)
[15:57] {Threei}  have a good evening, see you tomorrow
[15:58] {kschun} great eve, thanks Vad
[15:58] {larisa} bye all :)
[16:00] {dino} thx all, gn

Jan 28 2011

Very nice productive morning with good trades on both sides and dull afternoon with no setups. All in all, no complaints about the week.

Session Time: Fri Jan 28 00:00:00 2011
[07:50] {nemo} knock knock
[08:20] {magoo} ariba!! ariba!!
[08:21] {nemo} you mean arun arun
[08:21] {nemo} ?
[08:26] {nemo} Vad
[08:41] {nemo} Where is that slacker?
[08:46] {magoo} u finally got too him...hurt his feelings
[08:46] {nemo} yeah maybe...sent me that picture of stuff blooming where he is and I cursed him out
[08:49] {nemo} driving a bit iffy around here, kinda' hard to see over the snowbanks at intersections, and I have a truck
[08:50] {RonS} gm gents
[08:50] {RonS} driv into the ditch
[08:51] {RonS} ...life on the high plains...high 67 today...22 and snow tues
[08:51] {nemo} ?
[08:51] {RonS} driv = digital river
[08:53] {RonS} svvs...wow...news anyone?
[08:54] {RonS} s v v s
[08:54] {Threei}  good morning guys
[08:54] {nemo} wtf
[08:54] {Threei}  you too nemo
[08:55] {nemo} Winning The Future-Obama's new catch phrase
[08:55] {Threei}  {Future} well, let's see
[08:55] {nemo} That was pretty mean of you
[08:55] {Threei}  thank you!! :)
[08:56] {RonS} boneheads:  wtf....hi 3i :)
[08:56] {Threei}  Ron :)
[08:56] {Threei}  now, let's see if I can irritate you as effectively as I did nemo:
[08:56] {nemo} Let's see....swing over to Colorado, then up to Vancouver Island...can I get guns across the border
[08:56] {Threei}  http://photography.realitytrader.com/2011/01/good-bye-winter.html
[09:00] {larisa} gm :)
[09:00] {Threei}  larisa :)
[09:00] {larisa} vad :)
[09:04] {RonS} eur lost 1.37...reversal v yen...mid east and egypt might weigh today
[09:10] {Threei}  isn't it amazing how market climbs against all the bad news out there
[09:10] {Threei}  even pitiful job numers yesterday were ignired
[09:11] {Threei}  and we are told every 5 min that it's all about "jobs jobs jobs"
[09:11] {Threei}  (I grew to hate this manner to repeat it three times)
[09:11] {dino} gm all
[09:12] {Threei}  dino :)
[09:12] {RonS} s v v s due to most cloud guys moving due to that cloud co purchase...real networks i think...by vz
[09:13] {magoo} vad, been awhile and u are good at this...whats your near term mkt thoughts, continue climbing...pllbk etc?
[09:13] {Threei}  yeah, TRMK
[09:14] {Threei}  mags, this is quite a foolhardy to try and predict these things in such volatilie situation as current, what with Egypt et all,
[09:14] {Threei}  so with disclaimer that it's just a general outlook based on "how these things went in the past":
[09:15] {Threei}  we are in the late stages of bull market, where wall of worries is sstill there and market climbs against it,
[09:15] {Threei}  public is not fully on board yet
[09:15] {Threei}  so there is room to climb
[09:16] {Threei}  and the next stage is for news to turn to overly optimistic (first signs of that are in the air)
[09:16] {Threei}  and for the public to hit panic buy buttons out of fear to miss "next big rally"
[09:16] {Threei}  and send market up sceaming.
[09:17] {Threei}  Such spike will market the end of the by now 2-years old move
[09:17] {Threei}  and trap late buyers
[09:17] {Threei}  If for this or that reason we get a reversal before such spike occurs
[09:18] {Threei}  it's going to be merely a pullback luring in new portion of bears
[09:18] {Threei}  only to kill them in sudden reversall back up, leading to and ending with that same spike.
[09:18] {Threei}  There.
[09:20] {dino} ditto for me
[09:20] {ese} morning
[09:20] {Threei}  dino, ese :)
[09:23] {magoo} ok, i got a gameplan
[09:24] {magoo} lol
[09:28] {jfjf64} mornin
[09:28] {Threei}  jf :)
[09:30] {Threei} Short Setup: SLW  .90 break
[09:30] {Threei}  if stays under 30
[09:32] {Threei}  valid with stop above .05
[09:33] {Threei}  1:1
[09:34] {Threei}  X was a tempting short as well but spread is still jumpy
[09:35] {RonS} driv blood
[09:36] {Threei}  poor guidance yesterday
[09:36] {Threei}  anyone took SLW??
[09:36] {jfjf64} yes
[09:36] {jfjf64} ty
[09:36] {Threei}  :)
[09:38] {Threei}  DRIV looks lower
[09:38] {nemo} F
[09:38] {Threei}  but soread is awful
[09:38] {dino} f gap 16.80
[09:39] {jfjf64} finnies  want  to  play  today
[09:41] {Threei}  looking at WFC jf
[09:41] {Threei}  and looking for another SLW short
[09:42] {Threei} Long Setup:  WFC  .70 break if stays above .60
[09:42] {Threei} Short Setup: SLW  .40 break
[09:42] {Threei}  if not going over .50 anymore
[09:43] {nemo} wow F
[09:43] {Threei}  no news
[09:43] {nemo} missed eps
[09:43] {Threei}  SLW invalidated but on radar
[09:43] {Threei}  looking for another entry
[09:43] {ese} motors must have fallen out of a bunch of cars nemo
[09:44] {Threei}  lol
[09:44] {nemo} asian sales off I think
[09:44] {ese} their drivng hybrids   yuk yukyuk
[09:44] {Threei}  ok, .60 break if stays under .70
[09:45] {nemo} gld moving up
[09:45] {Threei}  SPY too
[09:45] {nemo} spy breaking range
[09:46] {magoo} sndk bounce vad?
[09:47] {Threei}  watching
[09:47] {Threei}  .65 break half lot
[09:47] {Threei}  with stop under .50
[09:48] {jfjf64} nice
[09:48] {jfjf64} quick
[09:48] {Threei}  yeah 1:1
[09:48] {Threei}  and looks good for more
[09:48] {jfjf64} half out
[09:49] {jfjf64} correct
[09:49] {Threei}  1;2
[09:50] {Threei}  etc
[09:50] {jfjf64} yeahhhhhhhhhh
[09:50] {jfjf64} nicee find  mags
[09:50] {jfjf64} dont  care  whatt the  say  bout  ya
[09:51] {Threei} Short Setup: SLW  .80 break
[09:51] {Threei}  if stays under .90
[09:51] {Threei}  let's scratch WFC
[09:52] {Threei}  should have worked by now if it were going to
[09:52] {Threei}  SLW, if works - ultimate target is around .40
[09:53] {RonS} shld
[09:53] {nemo} dino spread
[09:53] {ese} sure is interesting watching the dow criss cross the 12k barrier.......interesting psychological implications here
[09:55] {Threei}  (US) JAN FINAL UNIVERSITY OF MICHIGAN CONFIDENCE: 74.2 V 73.3E
[09:55] {ese} there you have it
[09:56] {Threei}  1:1
[09:57] {nemo} didn't get it
[09:57] {nemo} stopped
[09:57] {ese} might once and for all put Robert Prechtor out of a job......he's been preaching major stock market decline since the late 80's early 90's
[09:58] {Threei}  lol
[09:58] {Threei}  can't believe he still has a job
[09:58] {Threei}  WFC, good scratch
[09:58] {ese} and people still follow him......they don't want to get in for fear of a major crash
[10:00] {Threei}  RIMM, watching for short on bounce
[10:00] {Threei}  around .70 - .80
[10:00] {ese} for those of you who don't know him...he's suppose to be the Elliot Wave guru
[10:02] {Threei}  how on earth does one sit through major market surge of late 90s, then mid 2010s and continues insisting oh "major crash" is beyond me
[10:03] {Threei}  just say "yeah, I am a broken clock and sooner or later I will be right, this century or next"
[10:03] {Threei}  RIMM{ no bounce
[10:03] {jfjf64} no
[10:03] {RonS} nq futes ugly
[10:03] {dino} you do it because people buy your newslettters
[10:04] {Threei}  {nq futes} we want second opinion
[10:04] {RonS} no opinion, looking at real time chart and order flow
[10:04] {dino} all red
[10:08] {dino} slab sm l .26
[10:09] {dino} ghl sm l .44
[10:09] {Threei} Short Setup: RIMM  .60 break
[10:10] {nemo} is it trading
[10:10] {nemo} ahhh
[10:10] {Threei}  if goes over .70, next setup if .70 - .80
[10:10] {Threei}  yes
[10:11] {Threei} Short Setup: RIMM  .70 break
[10:11] {Threei}  if stays under .80
[10:13] {Threei}  market strengthens, RIMM stays weak... so far so good but need marjket help
[10:17] {Threei}  1:1
[10:19] {Threei}  Charlie Sheen Say He Got Hernia from Laughing too Hard
[10:19] {Threei}  okay then
[10:19] {magoo} he is living his character
[10:19] {ese} hmmmmmmm
[10:19] {Threei}  totally
[10:19] {Threei}  1:2
[10:19] {nemo} that's why he plays it so well
[10:20] {nemo} gold flying
[10:20] {Threei}  stop to above .60
[10:21] {Threei}  out in full
[10:21] {Threei}  .46
[10:21] {jfjf64} ty
[10:21] {Threei}  market is still dropping but I have not read on RIMM's own chart here anymore
[10:22] {Threei}  yw
[10:22] {jfjf64} tna
[10:22] {Threei}  took a bit of patience but worked like a good boy
[10:22] {jfjf64} big drop
[10:23] {jfjf64} hmm
[10:23] {jfjf64} not just  tna
[10:24] {magoo} mr carnageio
[10:24] {nemo} we're at Wednesday's close...whooopee
[10:25] {dino} ndx -1%
[10:26] {magoo} funny, feels like collaspe
[10:26] {magoo} remember good ole days, mkt swinging 300 down - 300 up in same session
[10:26] {dino} dow is not representing market
[10:27] {dino} s/p and ndx more so
[10:27] {Threei}  good cover on RIMM eh
[10:29] {jfjf64} tna
[10:29] {jfjf64} wow
[10:30] {Threei}  NBC News: Egyptian military units being deployed in Cairo for the first time since the unrest started, supplementing police units- Reports that Army units taking up positions by key buildings in Cairo.
[10:30] {davd} i'm getting my 11900 hat
[10:31] {Threei}  hmmm... I think in smaller increments
[10:31] {Threei}  11940 hat is here
[10:31] {jfjf64} you  been  thinkin  alot
[10:31] {nemo} rcl strong against market
[10:31] {davd} agree, but round no are funnier
[10:32] {Threei}  that's going to stop very soon jjf - I can smell bacon already, and that stops blood flow to the brain dead in it tracks
[10:32] {jfjf64} slw
[10:32] {jfjf64} d/top
[10:32] {jfjf64} ??
[10:32] {Threei}  no
[10:32] {Threei}  I back off shorting PMs for now
[10:32] {jfjf64} ty
[10:32] {jfjf64} back  to  bacon
[10:33] {dino} slab stopped, ghl stopped
[10:33] {jfjf64} love  slab  bacon
[10:33] {nemo} gold keeps climbing, and with Egypt you have danger of suez canal blockage, PMS and oil might fgly
[10:33] {nemo} PMs
[10:35] {dino} real money, stating al jazeera plice leaving city of suez canal may close
[10:35] {nemo} that's big, no suez, oil gets delayed
[10:36] {dino} 45 days extra for trip around cape of africa
[10:36] {Threei}  that's my reason nemo, yes
[10:36] {magoo} man vad, if IF mkts bounce SNDK
[10:37] {Threei}  watching mags
[10:38] {davd} see 1954 re suez.
[10:43] {dino} sndk sm l .30
[10:43] {nemo} going  to .00
[10:43] {dino} stop is .99
[10:43] {nemo} dino you need to see a psych
[10:43] {nemo} we're thinking alike
[10:44] {dino} bec jump
[10:44] {dino} lol
[10:46] {Threei}  you be careful dino... last time I found myself thinking in synch with nemo it ended in 2 weeks binge drinking and flyfishing in the middle of the street, with nearest water being 5 miles away
[10:46] {jfjf64} lol
[10:46] {magoo} catch anything?
[10:46] {nemo} yeah, and you ruined a perfectly good Royal Coachmen
[10:46] {Threei}  scariest thing is yes
[10:47] {Threei}  and it was pan-fried already
[10:47] {jfjf64} arba
[10:47] {jfjf64} ignor
[10:50] {dino} htwr blood
[10:50] {dino} 11822, 1280 nearest gap
[10:50] {nemo} .85 S3 support and trend line support
[10:52] {dino} sndk stopped
[10:52] {dino} taking break
[10:53] {dino} f gap filled
[10:53] {magoo} wheres sndk gapp?
[10:54] {nemo} tza
[10:54] {nemo} if spy drops .85 should go for awhile
[10:55] {RonS} sndk gap 40-41...lol
[10:55] {magoo} really?
[10:55] {nemo} 46.90
[10:56] {magoo} ty
[10:56] {magoo} gonna fill it today
[10:57] {nemo} then there's a gap at 44.80-45.50
[10:58] {RonS} eur pointing to losing 1.36
[10:58] {davd} s&p breaks 10 day ma
[10:58] {nemo} oh gaaaaawwwwwwddddd not that.....
[11:00] {RonS} flight to safety day...w/ weekend anything could happen in Egypt
[11:00] {nemo} o.k. we should drop now
[11:01] {nemo} figures volume hammer on spy
[11:01] {magoo} man F
[11:02] {Threei}  Mubarak to speak soon
[11:03] {RonS} "my kingdom for a horse"
[11:03] {RonS} check celg
[11:07] {RonS} fro
[11:07] {Threei}  larisa... does it qualify as mini-crash?
[11:07] {larisa} :)
[11:10] {Threei}  look at this:
[11:10] {Threei}  (SP) EuroGroups' Juncker: Spain is not a problem, unnecessary to anticipate discussions on any Portugal bailout- No current plans to restructure Greece's debt
[11:10] {Threei}  need translation?
[11:10] {nemo} they'll have the plans monday
[11:11] {nemo} they gave up on spain
[11:11] {Threei}  Greece debt restructuring is a given, Portugal bailout is all but certain, let's not even think of Spain, it's too scary
[11:15] {Threei}  SNDK's nottomoless
[11:17] {magoo} bottomless too
[11:17] {Threei}  trues
[11:17] {Threei}  -s
[11:17] {Threei}  what kind of stock is EGPT? for some reason it's not in news service database
[11:17] {Threei}  does it have anything to do wih Egupt as a coluntry?
[11:18] {Threei}  or Egypt
[11:19] {nemo} x .51
[11:20] {Threei}  not entirely unexpectedly, White House lives in some parallel univcerse:
[11:20] {Threei}  (US) White House CEA's Goolsbee; GDP figure this morning shows economy is gaining momentum
[11:22] {ese} L ldk avg .67
[11:22] {RonS} nq bouncing
[11:22] {nemo} 1/2 ..60
[11:23] {nemo} stop .48
[11:24] {nemo} stop second half
[11:26] {nemo} x rinse
[11:26] {Threei}  yeah, looks breaky now
[11:30] {nemo} x moving against spy
[11:31] {jfjf64} ?
[11:31] {nemo} was
[11:31] {jfjf64} lol
[11:31] {Threei}  davd... changed hat?
[11:32] {jfjf64} sndk
[11:32] {jfjf64} lk lower
[11:32] {nemo} X holding
[11:32] {ese} somebody wanna explain the mrkt action to me....seems odd based on reasonable data
[11:33] {nemo} egypt
[11:33] {nemo} gold
[11:33] {nemo} uncertainty
[11:33] {ese} ahhhhh oh ya....forgot about that
[11:33] {Threei}  lol
[11:33] {nemo} FRICKIN MUSICIANS!!!
[11:33] {davd} i kept the same hat.  i'm prepping my gold 2000 hat
[11:33] {Threei}  careful with that elephant in your living room, ese :)
[11:33] {magoo} first redd in what 7 days?
[11:34] {RonS} ergo...the ultimate reason...complacency
[11:34] {nemo} day ain't over mags
[11:34] {ese} lol
[11:35] {magoo} dip buyers are dead today
[11:35] {nemo} probably right with Friday and Egypt
[11:35] {dino} es, seems that we have been consistently filling s/p gaps for months, expect bounce at 1280
[11:36] {nemo} i've got 128.10
[11:36] {nemo} which with dividends is pobably around .20
[11:37] {nemo} mmmhhhh, this was a break out level a coupla days ago
[11:38] {Threei}  RIMM
[11:38] {Threei}  nears bounce point
[11:39] {davd} this drop makes sense - mutual fund inflows at a high.  g-d forbid anyone off wall street should make money
[11:39] {nemo} yeah, but it's dead jellyfish bounces today
[11:39] {davd} nemo, are you having an affair w my wife?
[11:40] {nemo} nice one, even I'M not that insulting
[11:40] {Threei}  well, it's not wall Street's fault that main Street folks hit panic buy buttons after 2 years long run
[11:40] {nemo} well maybe to Vad and Les
[11:40] {nemo} another support point for sndk
[11:40] {Threei} Long Setup:  RIMM  .65 breeak
[11:40] {nemo} right through
[11:41] {Threei}  if stays above .55 for scalpers, .50 day traders
[11:42] {Threei}  let's modify to .60
[11:43] {Threei}  if holding .50
[11:43] {Threei}  and if market spikes, even .55 will do
[11:44] {Threei}  very aggressive
[11:44] {Threei}  invalidated
[11:46] {ese} financial industry meltdown in laymans termsDERIVATIVES 101:  Heidi is the proprietor of a bar in  Detroit .  She realizes that virtually all of her customers are unemployed alcoholics and,  as such, can no longer afford to patronize her bar. To solve this problem, she  comes up with a new marketing plan that allows her customers to drink now, but  pay later.
[11:46] {ese} Heidi keeps track of the drinks consumed on a ledger (thereby  granting the customers' loans). Word gets around  about Heidi's "drink now, pay  later" marketing strategy and, as a result, increasing numbers of customers flood into Heidi's  bar. Soon she has the largest sales volume for any  bar in Detroit .
[11:47] {jfjf64} hmm speechless
[11:47] {ese} By providing her customers freedom from immediate  payment demands, Heidi gets no resistance when, at } regular intervals, she substantially increases her prices  for wine and beer, the most consumed beverages. Consequently, Heidi's gross  sales volume increases massively.  A young and dynamic vice-president at the local bank recognizes that these  customer d
[11:48] {dino} lol
[11:48] {ese} customer debts constitute valuable future assets and  increases Heidi's borrowing  limit. He sees no reason for any undue concern, since  he has the debts of the  unemployed alcoholics as collateral !! At the bank's corporate headquarters,  expert traders figure a way to make huge commissions, and transform these  customer loans into DRINKBONDS.
[11:49] {ese} These "securities" then are bundled and traded on  international securities  markets. Naive investors don't really understand that  the securities being sold to them as "AAA secured bonds" really are debts of  unemployed alcoholics.  Nevertheless, the bond prices continuously climb!!,  and the securities soon become the hottest-selling items for some of the n
[11:49] {Threei}  I need a drink
[11:49] {nemo} X strong, migh look to short around .40
[11:50] {ese} nation's leading brokerage  houses.  One day, even though the bond prices still are climbing, a risk manager at the original local bank decides that the time has come to  demand payment on the  debts incurred by the drinkers at Heidi's bar.  He so informs Heidi.
[11:50] {ese} Heidi then demands payment from her alcoholic patrons, but being unemployed  alcoholics they cannot pay back their drinking debts. Since Heidi cannot  fulfill her loan obligations she is forced into  bankruptcy. The bar closes and Heidi's 11 employees lose their jobs.  Overnight, DRINKBOND prices drop by 90%. The  collapsed bond asset value  destroys the bank
[11:50] {RonS} man, even Soviet jokes are better than this...
[11:51] {jfjf64} lol
[11:51] {ese} destroys the bank's liquidity and prevents it from issuing new loans, thus  freezing credit and economic activity in the community.  The suppliers of Heidi's bar had granted her generous  payment extensions and had invested their firms' pension funds in the BOND  securities. They find they are now faced with having to write off her bad debt and  with losing o
[11:51] {dino} 1280 filled
[11:52] {ese} over 90% of the  presumed value of the bonds. Her wine supplier also  claims bankruptcy, closing the doors on a family business that had endured for three generations, her beer  supplier is taken over by a competitor, who  immediately closes the local plant and lays off 150 workers.
[11:52] {ese} Fortunately though, the bank, the brokerage houses  and their respective executives are saved and bailed out by a multibillion  dollar no-strings attached  cash infusion from the government. The funds required for this bailout are  obtained by new taxes levied on employed,  middle-class, non-drinkers who have  never been in Heidi's bar. ----------------------
[11:52] {RonS} ...and Frank Capra makes a movie...
[11:52] {ese} hope that clarified it for you too.................
[11:53] {RonS} ...just like War & Peace...
[11:54] {Threei}  it's all so clear now (gulp)
[11:54] {jfjf64} saulutt
[11:55] {Threei}  nothing like picled cucumber after the third shot of vodka
[11:55] {Threei}  pickled
[11:55] {nemo} just like you
[11:55] {ese} i'm not sure....but i think in a drunken stupor over christmas i may have bought one of those drink bonds
[11:55] {nemo} that was too easy
[11:55] {ese} lol
[11:56] {davd} dino, was 1280 filled earlier?
[11:56] {nemo} 127.80 is next support
[11:56] {dino} sm l sndk .52
[11:58] {RonS} oil screaming up $4
[11:59] {dino} yes davd
[11:59] {dino} dow still has 11823 open
[12:01] {Threei}  RIMM, watching for double bottom
[12:02] {Threei}  dive to about .20, I will be interested
[12:02] {Threei}  watch market though, not to enter into sheer selling
[12:02] {Threei}  in
[12:02] {dino} dow filled
[12:02] {Threei}  stop under .10
[12:02] {Threei}  half lot
[12:03] {nemo} huge move oil
[12:03] {dino} sndk stop -.26
[12:03] {Threei}  come on RIMM, see the green wave?
[12:04] {RonS} eur sub 1.36
[12:06] {Threei}  1:1
[12:06] {dino} slab sm l .25
[12:07] {jfjf64} another shot
[12:07] {Threei}  gulp
[12:07] {Threei}  cucumber
[12:07] {Threei}  exhale
[12:08] {jfjf64} comon mkt
[12:08] {Threei}  Hillary continues to monitor situation
[12:08] {Threei}  I feel safe now
[12:09] {RonS} hehe
[12:09] {jfjf64} ill drink to that
[12:09] {Threei}  sorry jg, I am already drinking to that - find another cause
[12:09] {Threei}  1;2
[12:09] {Threei}  you can drink to yemen though
[12:13] {nemo} aig not up with this bounce
[12:16] {magoo} rimm ahgain here vad?
[12:24] {Threei}  hmm
[12:24] {Threei}  didn't really like it
[12:24] {Threei}  but it worked
[12:24] {nemo} qs right at resistance
[12:35] {Threei}  mibbit hiccup?
[12:35] {RonS} guess so
[12:35] {nemo} F touched the bottom of the gap
[12:41] {nemo} So...think we end green?
[12:42] {Threei}  well... anything's possible.. but I doubt it
[12:42] {magoo} back ty
[12:42] {Threei}  who would want to carry things over the weekend
[12:42] {Threei}  with all this unfolding
[12:42] {nemo} yeah, would think sell of into the afternoon
[12:43] {nemo} for you fib lovers out there, we're at the 23.6 retracement
[12:44] {dino} in ghl sm l ave .49
[12:44] {Threei}  fib lovers...
[12:44] {Threei}  why does it sound dirty
[12:44] {Threei}  (EG) Egypt govt extends curfew nationwide; latest media reports say over 400 protesters injured today, some with gunshot wounds- Still no word on whether Pres Mubarak will give a television address tonight as some earlier reports initially indicated.
[12:44] {nemo} your mind
[12:46] {nemo} wow BHI strong
[12:48] {dino} out slab .74, +.49
[12:53] {jfjf64} mibbit  ??
[12:53] {Threei}  SU
[12:53] {Threei}  Suncor Energy Inc. Reaches session highs as Dennis Gartman on CNBC discusses importance of Canadian crude in light of Egyptian crisisuso
[12:53] {ese} catch you ladies and gents on monday......
[12:53] {dino} cya es
[12:53] {Threei}  have a good weekend ese
[12:54] {ese} dino vad
[12:54] {jfjf64} cya ese
[12:54] {nemo} dude
[12:55] {Threei}  mibbit is a cousin of hobbit, jf
[12:55] {Threei}  what else do you want to know about it?
[12:56] {Threei}  photos from yesterday, who missed ea,rlier
[12:56] {Threei}  http://photography.realitytrader.com/2011/01/good-bye-winter.html
[12:56] {Threei}  sorry you east coast folks
[12:59] {nemo} bored huh?
[12:59] {Threei}  well, action slowed down
[12:59] {Threei}  and we performed pretty well so far, especially for such an unusual day
[12:59] {Threei}  so taking a breather
[13:06] {larisa} nice pictures :)
[13:06] {nemo} don't encourage him
[13:06] {larisa} I am not, but pictures are nice :)
[13:07] {dino} wow ndx -2.6%
[13:07] {Threei}  too late, I am encouraged
[13:11] {dino} sndk sm l .50
[13:14] {jfjf64} lvs   spike
[13:17] {Threei}  new wave of selling in the market is coming it seems
[13:17] {Threei}  protests in Jordan too
[13:21] {magoo} find some short setups vad
[13:21] {Threei}  SNDK probably
[13:22] {nemo} qcom brcm X
[13:22] {Threei}  LVS
[13:22] {Threei}  yup, LVS
[13:22] {Threei}  .45 break
[13:22] {magoo} BIDU u say?
[13:22] {Threei}  lol
[13:25] {nemo} successful test of bottom?
[13:26] {Threei}  or little bounce
[13:26] {nemo} yeah still in trend
[13:26] {Threei}  I see no staying power in market
[13:26] {laserhelp} Laser help is here to help!
[13:26] {Threei}  oh just send us money
[13:26] {nemo} wtf
06[13:27] * nemo slaps laserhelp around with a blade server
[13:28] {laserhelp} ouch!
[13:28] {nemo} just gettin' started
[13:28] {laserhelp} if only i could slap back
[13:29] {magoo} DACK  !!!
[13:29] {laserhelp} yo!!!
[13:29] {nemo} oh really!
[13:29] {laserhelp} watching ford like crazy right now
[13:30] {dino} try sane watching
[13:30] {magoo} was in it earlier
[13:30] {nemo} what was that freudian slip vad made yesterday that you caught mags?
[13:30] {nemo} oh yeah, insluts
[13:30] {Threei}  lol
[13:31] {nemo} trend break
[13:31] {jfjf64} ya
[13:31] {dino} tsra sm l .51
[13:31] {magoo} too funny
[13:31] {magoo} magoo"whatcha in vad?"
[13:31] {Threei}  LVS
[13:31] {magoo} vad "insluts"
[13:31] {Threei}  short
[13:32] {Threei}  it loses .40 and market helps, it's so dead
[13:37] {RonS} s/l lvs 3i?
[13:37] {Threei}  ?
[13:37] {RonS} stop?
[13:37] {Threei}  s/l?
[13:37] {Threei}  oh
[13:37] {nemo} S/M
[13:37] {nemo} btu
[13:37] {nemo} sorry
[13:37] {Threei}  above .55-60 I'd say
[13:38] {RonS} we need jf cheerleading...
[13:38] {nemo} there's your spy test
[13:39] {jfjf64} very  quit  today
[13:39] {jfjf64} silent  assin
[13:40] {nemo} who?
[13:44] {nemo} spy, it's like trying to hold somebody's head under water from a dock, no good leverage to push them down
[13:45] {Threei}  lol
[13:46] {Threei}  tie the brik around their neck
[13:46] {Threei}  brick
[13:46] {nemo} there hands have to be tied
[13:46] {nemo} their
[13:49] {nemo} gesundheit
[13:49] {kschun} :-)
[13:57] {dino} ela spike
[13:57] {dino} thin
[13:57] {dino} bad prints/trade
[13:58] {nemo} in tna .21
[13:58] {Threei}  market doesn't sink so far
[13:59] {nemo} 1/2 out .51
[13:59] {dino} gj
[14:02] {dino} out sndk .90, +.40
[14:03] {nemo} out other half .51
[14:04] {nemo} The delay was long between when spy went and tna...didn't even trade for about 10 seconds
[14:06] {jfjf64} here we go
[14:06] {kschun} oh guys, am out again. took the BHI trade.
[14:07] {nemo} S/L?
[14:07] {kschun} break 68
[14:07] {kschun} stop about 20cents
[14:08] {kschun} love this. market really weak and not ableto make new low. just take any stock which is strong and bounce probably will work for you
[14:08] {kschun} also market is far too  low in my op regarding internals.
[14:10] {kschun} would not be very confident in shorting this market
[14:10] {nemo} rangebound since noon
[14:10] {magoo} intresting..i think short into bell
[14:10] {kschun} or may consumer discr. , very weak again.
[14:10] {nemo} tna
[14:10] {kschun} same as yesterday
[14:11] {kschun} magoo probably not bad. when short, then into the bell
[14:11] {nemo} sorry, mistake
[14:11] {magoo} let me clarify..stox and mkt falling into close
[14:12] {nemo} tna available short in LASER
[14:12] {kschun} silver and gold best sectors today. even didnt have to watch to know this
[14:12] {kschun} not sectors, industries, sorry
[14:13] {nemo} you psycho....I mean psychic?
[14:13] {jfjf64} 3i
[14:13] {jfjf64} read slw
[14:13] {kschun} what I psycho ? :-)
[14:13] {nemo} tad unhinged?
[14:14] {kschun} SWL looking short to me
[14:14] {kschun} 31.1
[14:14] {nemo} nicht allen Taschen im Schrank?
[14:14] {Threei}  hard to tell jf
[14:14] {nemo} Tassen, verzeihen Sie mir
[14:14] {kschun} LOL
[14:14] {jfjf64} agree
[14:14] {kschun} no prob man :-)
[14:14] {jfjf64} cd  be  gd  spot  4  bounce
[14:15] {kschun} but however, you short SLW, you are against the strongest industires. just keep in mind
[14:15] {jfjf64} wanted  little  lower
[14:16] {jfjf64} on  radar
[14:16] {jfjf64} l/s
[14:20] {kschun} SLW
[14:27] {kschun} SLW some sellers above .20 taking more then showing
[14:28] {kschun} however, no reading on my side.
[14:29] {kschun} BHI I could beat me...
[14:29] {nemo} mos hod
[14:29] {kschun} myself...
[14:29] {nemo} I'll do it
[14:31] {magoo} vad..LVS valid short?
[14:31] {magoo} magoo kicks vad..wake up
[14:32] {Threei}  my feel is, yes...
[14:32] {Threei}  but it's ffeel only
[14:32] {nemo} quote:  "feerings"
[14:32] {Threei}  right
[14:32] {kschun} SPY
[14:33] {kschun} interestint above .05
[14:33] {nemo} what is?
[14:40] {jfjf64} .40  break
[14:40] {jfjf64} lvs
[14:40] {jfjf64} ?
[14:40] {nemo} short I gather
[14:41] {jfjf64} y
[14:41] {jfjf64} what ya drinkin
[14:41] {nemo} wine spode ode
[14:42] {jfjf64} rimm
[14:42] {jfjf64} lod
[14:43] {nemo} sitting right on s3 support
[14:44] {nemo} nice little triangle on spy
[14:45] {nemo} or wedge
[14:50] {kschun} SPY ready to break 120.2
[14:52] {kschun} did 3 trades in SPY, one long still open. result: flat. just boosting commiss...
[14:52] {nemo} I'm sure your broker appreciates it
[14:52] {kschun} hope so :-)
[14:52] {kschun} :-(
[14:57] {jfjf64} rimm
[14:57] {jfjf64} cant  break
[14:57] {nemo} s3
[14:58] {RonS} can't figure if rimm is angling to break down or laying in shorts to rip their face off
[14:59] {RonS} normal eod's are hard enough but this one...sheesh
[15:00] {kschun} ABX maybe
[15:01] {nemo} there goes rimm
[15:07] {Threei}  as active as morning was, second half of the day is a waste so far
[15:21] {Threei}  well,let's try to short RIMM?
[15:21] {Threei}  60 break
[15:34] {dino}  well thats a week for me, out ghl +.03, out trk -.05
[15:36] {Threei}  hmmm... your broker is happy :)
[15:36] {Threei}  RIMM doesn't want to die
[15:37] {RonS} ok...outta here...c youse Monday...;)
[15:38] {Threei}  have a good weekend Ron
[15:42] {kschun} SU short under 40
[15:43] {nemo} .96 vwamp, and you're right near last break level
[15:43] {kschun} market not supporting it
[15:44] {kschun} u right, thanks.
[15:44] {nemo} .91 is R3, lotta confluence here
[15:47] {kschun} at the end often overtrading. I always trade best at the beginning and worst at the end.
[15:47] {kschun} however today was o.k.
[15:49] {nemo} well, today took out a few trend lines
[15:50] {patience} excellent day for me.  bought precious metals, ag and oil on down days this week.  today is a fluke i am up so much.   one of my favourites AAA.v is making me very happy.
[15:50] {Threei}  wtg
[15:51] {kschun} however I only trade the last two hours, much more difficult then before when I traded always only the open
[15:51] {kschun} especially the last hours often isn't easy
[15:51] {nemo} good for us
[15:51] {nemo} sorry
[15:52] {nemo} well, not really
[15:53] {patience} knew it was too good to last, the puppy just puked on the silk carpet in my office
[15:53] {nemo} mmmhhh, volumes not that high today
[15:54] {nemo} it's because you said something
[15:54] {patience} i think it was the porterhouse steak bone i gave him last night
[15:55] {nemo} poor dog...only gets the bone
[15:55] {nemo} eating in front of him I suppose
[15:55] {nemo} boy have I got cabin fever
[15:55] {patience} my lawn needs mowing, have at it
[15:56] {nemo} nice
[15:56] {nemo} a bit of a ride though
[15:56] {nemo} could be there by, oh...Wednesday
[15:56] {nemo} don't think they'll let me in the country though
[15:56] {patience} definitely, if you are driving on a john deere ride on mower
[15:57] {patience} you'll need one for the size of my law
[15:57] {patience} n
[15:57] {nemo} I'm only 3000 miles away
[15:57] {patience} john deere or a harley....your choice
[15:57] {nemo} mhhh sna broke with spy..running on it's own towards its vwap
[16:00] {Threei}  OK guys
[16:00] {Threei}  thank you all, great week
[16:00] {larisa} bye all
[16:00] {Threei}  have a good weekend
[16:00] {Threei}  turbulent times next week most likely
[16:00] {magoo} c u
[16:00] {nemo} hasta Montag

Jan 27 2011

Very strong day with plenty of nicely working trades. Interesting change of pace is, instead of customary "active morning and last hour, sleep in-between" we had activity spread through the day more evenly. Lively discussion of broccoli vs. bacon took place as well. We won.


Session Time: Thu Jan 27 00:00:00 2011
[08:12] {magoo} morning
[08:14] {Threei}  mags :0
[08:30] {Threei}  *(US) INITIAL JOBLESS CLAIMS: 454K V 405KE; CONTINUING CLAIMS: 3.991M V 3.87ME
[08:30] {Threei}  recovery you says
[08:31] {Threei}  *(US) DEC DURABLE GOODS ORDERS: -1.3% V -1.5%E; DURABLES EX TRANSPORTATION: 2.4% V 0.9%E
[08:39] {nemo} frickin' snow
[08:39] {Threei}  I hate it even without having it
[08:43] {nemo} so, if I haven't told you, I can't get flash to work in my Windows7 64 bit environment
[08:43] {nemo} Researched it ad nauseum
[08:43] {nemo} Tried everything I can find
[08:43] {nemo} Call adobe
[08:44] {nemo} they want $40 bucks to help me
[08:44] {Threei}  I don't get it... why does it work in my XP64?
[08:44] {nemo} So I ask if they are going to do the same things I have, ad nauseum researched, and waste my money
[08:44] {nemo} They say they have other tricks
[08:45] {nemo} So the pricks can help you get it working, and won't publish the info so someone relatively technosaavy can do it
[08:45] {nemo} Windows7 a different animal
[08:46] {nemo} I even reinstalled the Operating system
[08:46] {nemo} It's a money maker for them
[08:46] {Threei}  so the problem is not 64 bit itself
[08:46] {nemo} no
[08:46] {Threei}  I see
[08:47] {nemo} yeah, I backed the Indian I was talking to into a corner to get the answer out of him
[08:47] {nemo} Then he went dead silent...supervisor must have been listening
[08:48] {nemo} I really had to push to get the info that they hadn't published all the information in the forums...bastids
[08:57] {nemo} cat beat big but retracing
[08:58] {nemo} qcom beat big, and showing sighns of maybe ready to retrace a bit
[09:02] {ese} gm
[09:02] {nemo} debatable
[09:02] {magoo} amzn msft tonite
[09:02] {Threei}  ese :)
[09:03] {ese} mornin vad
[09:04] {magoo} housing numbers @ 10 am
[09:07] {davd} gm all.
[09:07] {magoo} vad, u watching qcom cat today?
[09:07] {Threei}  davd :)
[09:07] {Threei}  why not mags... gotta watch something, these are as good as any
[09:08] {magoo} just trying to get in sync here
[09:10] {nemo} big block just sold offer qcom
[09:19] {larisa} gm :)
[09:21] {Threei}  larisa :)
[09:21] {stewy} godd morning everyone
[09:21] {larisa} :)
[09:21] {Threei}  stewy :)
[09:22] {stewy} that's 'good' morning
[09:25] {dino} gm all
[09:25] {Threei}  dino :)
[09:28] {nemo} qcom moving already
[09:29] {Threei}  54.60 support was the floor to break
[09:29] {jfjf64} mornin
[09:30] {Threei}  jf :)
[09:31] {Threei} Short Setup: QCOM  .40 break
[09:31] {Threei}  half lot
[09:32] {Threei}  stop above .50
[09:33] {Threei}  no go
[09:33] {Threei} Short Setup: SLW  .15 break
[09:34] {Threei}  if stays under .25
[09:34] {nemo} qcom rinse
[09:34] {Threei}  QCOM rinse
[09:34] {magoo} CAT hammered
[09:34] {jfjf64} F   K
[09:35] {Threei}  SLW invalidated
[09:35] {jfjf64} RINCE  COMING
[09:35] {jfjf64} LOL
[09:36] {nemo} ha ha
[09:36] {Threei} Short Setup: QCOM  .10
[09:36] {Threei}  half lot
[09:37] {Threei}  if stays under .25
[09:38] {Threei}  under .20 for scalpers
[09:39] {Threei}  .20 confirmed as resistance on the last bounce
[09:39] {magoo} in
[09:40] {Threei}  maybe let's put a stop there for everyone
[09:40] {Threei}  1:1
[09:40] {jfjf64} nice
[09:40] {jfjf64} ty
[09:41] {Threei}  scakpers win
[09:44] {Threei} Short Setup: X  .70 break
[09:44] {Threei}  never mind
[09:44] {jfjf64} thyink
[09:44] {jfjf64} lol
[09:44] {Threei}  not really
[09:45] {Threei}  but I pretend well
[09:46] {Threei}  sigh
[09:46] {jfjf64} think
[09:46] {jfjf64} lol
[09:46] {Threei}  no
[09:46] {Threei}  but then again...
[09:47] {Threei}  ok, same setup
[09:47] {magoo} ]amzn nuts
[09:47] {Threei} Short Setup: X  .70 break
[09:47] {Threei}  stop above .80 scalpers, .85 day traders
[09:48] {Threei}  1:1
[09:48] {jfjf64} think so
[09:48] {jfjf64} lol
[09:48] {jfjf64} ty
[09:48] {Threei}  1:1
[09:49] {Threei}  QCOM so got away
[09:49] {jfjf64} oh  boy
[09:49] {jfjf64} qcom
[09:49] {jfjf64} d/top
[09:50] {Threei}  .55 was the short trigger.. didn't qwatch at the moment
[09:50] {jfjf64} went  hrew  fast
[09:50] {jfjf64} wd  that  of  stoped  you  if  watchin
[09:51] {nemo} dino mur
[09:51] {dino} hwkn
[09:51] {nemo} so you
[09:52] {RonS} gm comp probs...setting up diff comp...what are your bollinger band settings 3i?
[09:52] {Threei} Short Setup: QCOM  54 break half lot
[09:52] {dino} watching mur nemo
[09:52] {Threei}  on intraday, 13 and 1.7 st dev
[09:53] {Threei}  1:1
[09:53] {nemo} wanted that break of 65 but had no idea where to put the stop
[09:54] {nemo} woulda been good for a buck
[09:55] {dino} yes
[09:55] {dino} bottom?
[09:56] {nemo} 63 looks like support, but could db
[09:56] {magoo} numbers at 10
[09:57] {Threei}  oending home sales
[09:57] {Threei}  pending too
[09:58] {Threei}  SPY tries to form breakout
[09:59] {dino} hwkn sm l .60 risky
[10:00] {Threei}  *(US) DEC PENDING HOME SALES M/M: -2.0% V 1.0%E; Y/Y: -3.6% V -2.4% PRIOR
[10:01] {Threei}  watching RIMM
[10:01] {Threei}  long .10 break
[10:01] {dino} mur sm l .50
[10:02] {Threei}  same setup
[10:02] {Threei}  was impossible to get in on a break
[10:03] {Threei}  invalidated under 62 of course
[10:03] {nemo} stop dino?
[10:04] {Threei} Short Setup: CAT  .30
[10:04] {Threei}  half lot
[10:04] {Threei}  if stays under .45
[10:05] {dino} .23
[10:05] {Threei}  1:1
[10:06] {Threei}  1:2
[10:07] {Threei}  1:3
[10:07] {Threei}  over and out
[10:07] {dino} gj
[10:07] {Threei}  ty
[10:07] {stewy} wow nice
[10:09] {dino} hwkn stopped -.35
[10:12] {nemo} wow, mur held by fingernail
[10:15] {dino} 1 cent
[10:16] {dino} out mur .30, +.80
[10:17] {dino} you still in nemo?
[10:18] {nemo} no got stopped when dropped below .50 again
[10:18] {dino} watching hwkn again
[10:19] {dino} feels like db in making
[10:20] {nemo} too thin for me
[10:21] {dino} wow got out of mur too early
[10:21] {ese} nice mur trade dino.....
[10:21] {nemo} given how far it fell, yeah
[10:21] {nemo} I was kinda wonderin why you got out
[10:21] {ese} ya breakin above 66
[10:22] {dino} ty
[10:22] {dino} thought it would pullback .70 like earlier
[10:23] {dino} ldk holds well considering  share issue
[10:24] {ese} yup
[10:26] {dino} hwkn sm l .00 wide
[10:27] {ese} the weekly chart is a thing of beauty for ldk......
[10:29] {Threei}  watching CAT for long entry on pullback closer to .50
[10:32] {ese} my wife has one of these toyota hybrids, Prius.......1700km on a tank of gas...over a thousand miles .....i'm sold on this alternative energy stuff
[10:32] {Threei}  what pullback CAT says
[10:32] {RonS} good luck on that 2k battery
[10:33] {ese} I think she filled it up just after she bought it a year and a 1/2 ago
[10:33] {Threei}  you shorted me earlier and profited - no pullback for you!
[10:33] {ese} might still be on the same tank of gas
[10:33] {Threei}  CAT is a Pullback Nazi
[10:33] {ese} is that the lastest recall thing ron?
[10:34] {Threei}  no ese... it's a general big question mark with battery-powered cars
[10:34] {dino} better add some stabil ethanol to that tank
[10:34] {RonS} no, just saying that it will not last forever...and you can buy a lot of gas for that kind of money
[10:35] {dino} hwkn stopped -.40
[10:35] {ese} i know what ethanol is but whats the other thing stabil
[10:35] {RonS} additive
[10:35] {ese} ahhh
[10:35] {dino} stabil keeps the ethanol from attacking water to the gas over time
[10:35] {stewy} .
[10:36] {Threei}  that's a good point...
[10:36] {dino} messing up lots of rv, boats, atv stuff that doesn't get used alot
[10:36] {stewy} point is, any read on lvs?
[10:36] {RonS} stew always makes good points  :)
[10:36] {Threei}  not to put too fine point at it, but yes
[10:36] {Threei}  LVS is a short,
[10:36] {Threei}  no trigger that I see yet,
[10:37] {Threei}  but watching
[10:37] {stewy} ok
[10:37] {ese} growing pains is how i look at it.......
[10:38] {RonS} don't know about you guys but my cost of living is skyrocketing
[10:39] {nemo} food is ridiculous
[10:39] {RonS} taxes...insurance...energy...food
[10:39] {dino} same here ron
[10:39] {nemo} gas goes without saying.
[10:40] {nemo} Place I live is nat gas and solar, so that's not that big an issue
[10:40] {Threei}  but but but... inflation expectations are subdued
[10:40] {Threei}  aren't they
[10:40] {RonS} property taxes +20%...health insurance +20%...homeowner's +20%
[10:40] {nemo} they always ex food and energy
[10:40] {RonS} but wtf taxes and insurance?
[10:41] {ese} I used to own a 92 Izuzu Trooper.   Funny thing about it was....your keys matched everyone elses key.  Locked myself out of my vehicle at a golf course one day but there were 3 other troopers in the lot.....just waited for one of the owners to get off the course and I used his keys to let me into my vehicle
[10:41] {RonS} i am feeling like i am the trapped rat that i am
[10:41] {nemo} taxes make sense, they gotta' have there money
[10:42] {dino} ironically, on real state taxes, values down but they are increasing them anyway
[10:42] {magoo} cat should be a short soon
[10:43] {nemo} irrelevant, they need the money, and it's there money, just ask them
[10:43] {Threei}  .70 break was it on LVS... wasn't very confident about it
[10:43] {RonS} lvs melt
[10:43] {Threei}  let's see if it givces us antry by bouncing to .70
[10:44] {Threei} Short Setup: CAT  .30 break half lot
[10:45] {Threei}  stops are above .40 and .50
[10:46] {Threei}  a tad more LVS please
[10:46] {nemo} out
[10:49] {magoo} out
[10:49] {RonS} out
[10:49] {dino} cnh sm l .70
[10:51] {Threei}  no go
[10:54] {jfjf64} lvs
[10:54] {jfjf64} ?
[10:54] {dino} out cnh .46, +.76
[10:55] {dino} too soon
[10:56] {ese} nice
[10:56] {dino} ty
[10:56] {dino} mmi?
[10:56] {ese} contemplated that one ....it showed up on a couple of my screens
[10:57] {dino} gap 30.25 area
[10:57] {dino} if it fills then i will hit it
[11:00] {ese} we differ there, i'd be in about .24/.25.... then get out after i closed the gap
[11:00] {ese} are you thinking that becasue it's an ipo
[11:01] {ese} sorry dino...i'm thinking long at 32.25
[11:01] {ese} your looking the other way
[11:02] {dino} no, ipo or not means nothing. just lately way out down gaps are filling and running
[11:02] {magoo} CAT rinse
[11:03] {dino} look slw, ffiv and many more this week
[11:06] {Threei} Short Setup: MOS  .80 break half lot
[11:07] {Threei}  1:1
[11:08] {magoo} out .65 TY
[11:08] {Threei}  frikin LVS is a bit eluisive today
[11:08] {jfjf64} ill call ya  emril
[11:08] {jfjf64} BAM
[11:08] {jfjf64} BAM
[11:08] {jfjf64} TY
[11:09] {Threei}  every time it looks like setup is about to form, it just goes without forming it
[11:09] {nemo} formless into the void
[11:09] {nemo} looked for cannot be seen
[11:09] {Threei}  jf... don't you even think about completing that setnence
[11:09] {nemo} listened for cannot be heard
[11:09] {jfjf64} why  wd  i  think
[11:10] {Threei}  I dunno... some people think they need to think... weird I say
[11:10] {jfjf64} you  teach  not  to  think
[11:11] {Threei}  I so do... but who is listening
[11:11] {Threei}  they think my teaching not to think is unthinkable
[11:11] {jfjf64} no  one  in  thiss room
[11:11] {jfjf64} except larisa
[11:11] {jfjf64} lol
[11:11] {jfjf64} hi larisa
[11:11] {larisa} :)
[11:12] {Threei}  larisa listnes to me only to spot the moment when I am wrng and slap me silly
[11:12] {nemo} and yo love it
[11:13] {dino} last try sm l hwkn .65
[11:13] {larisa} I have to filter your wrongs too. Slapping you every 3d time :)
[11:13] {jfjf64} exacktly
[11:13] {jfjf64} dks
[11:13] {jfjf64} spike
[11:14] {larisa} fricking CAT
[11:14] {jfjf64} cat
[11:14] {larisa} thought .55 was too far away from the top  at .80 to short :)
[11:14] {stewy} fcx too
[11:15] {Threei}  out MOS in full
[11:15] {magoo} nicre vad
[11:15] {Threei}  +.50
[11:15] {magoo} nice
[11:15] {Threei}  can I go home?
[11:15] {jfjf64} very nice
[11:16] {Threei}  magoo's skill in typing word "nice" is no better than mine in typing word "wrong"
[11:16] {Threei}  [11:12] {Threei} ... when I am wrng
[11:16] {Threei}  11:15] {magoo} nicre v
[11:17] {dino} same teacher
[11:17] {Threei}  lol
[11:17] {magoo} roflol
[11:22] {stewy} qcom hod
[11:22] {Threei}  thought of .50 long trigger for QCOM and skipped it
[11:22] {Threei}  larisa... slap moment... I was really wrong there
[11:23] {larisa} i will choose myself :)
[11:23] {Threei}  picky picky
[11:24] {Threei}  I for one would have never dismissed a chance to slap a human being available for slapping
[11:24] {dino} all red
[11:24] {Threei}  oullback to .50, I would be interested ion long
[11:26] {Threei}  (JP) IMF: Japan must adjust its fiscal situation in the medium term, and take action to increase revenue; US must provide specific plans to bring down deficit- Note: Comments following recent S&P downgrade of Japan
[11:26] {Threei}  IMF speaks as if anyone was still listening
[11:27] {Threei} Long Setup:  QCOM  .60 if holding .50
[11:27] {Threei}  if loses it, hunt 10 cents ranges
[11:28] {Threei}  .55 was better idea actually
[11:29] {Threei}  inretrospect - you know, that same one where we all are smart
[11:29] {Threei}  1:1
[11:33] {Threei}  LVS clean double bottom which I missed completely
[11:33] {Threei}  what the deuce with me and LVS today, missing all the fun on it
[11:42] {dino} ghl sm l ave .08
[11:42] {Threei}  1:2
[11:42] {Threei}  out 1/4 more .79
[11:43] {Threei}  looks like .80 will be taken
[11:44] {dino} out hwkn .25, +.60
[11:44] {Threei}  stop to .65 for the last piece
[11:47] {dino} tkr sm l .10
[11:49] {stewy} .
[11:52] {Threei}  stewy is a rich source of good points today
[11:52] {stewy} means I never get
[11:52] {stewy} swept away by
[11:52] {stewy} the janitor
[11:53] {Threei}  is it haiku?
[11:53] {stewy} morning tao meditation
[11:53] {Threei}  :)
[12:00] {magoo} man, there goes cat
[12:10] {ese} dabbling L ldk .70
[12:11] {dino} f'ing mmi missed me by a dime
[12:12] {magoo} ah, the olle "1 cented me" miss
[12:13] {RonS} celg blood
[12:20] {dino} back in 30
[12:28] {Threei}  lol QCOM
[12:28] {Threei}  in a very bastardly manner stopped my last piece by 2 cents, then proceeded higher
[12:31] {magoo} ah, the ole' 2 center
[12:31] {nemo} X
[12:43] {ese} ahhhhhh ldk....... I love the smell of money in the morning
[13:00] {dino} out trk -.30
[13:00] {ese} hmmmmmmm quel drag........
[13:00] {ese} we speak french up here
[13:02] {dino} out ghl ave .43, +.35
[13:03] {ese} nice
[13:03] {ese} win some...loose some
[13:04] {dino} yeah, could've been worse
[13:08] {ese} ya no kiding eh
[13:10] {RonS} wow pten
[13:10] {nemo} dino mur
[13:11] {dino} lol watching it
[13:11] {dino} mmi too
[13:12] {dino} mur hpoing for .00
[13:12] {dino} not gonna happen
[13:13] {dino} sm l .35
[13:14] {dino} mur
[13:17] {dino} crr
[13:17] {ese} sniff sniff.....ahhhhh.......sniff sniff........hmmmmmm.......yes indeed ladies and gentlemen, that is the smell of money in the morning as produced by ldk
[13:18] {Threei}  lol
[13:18] {Threei}  ese, you are enjoying this too much
[13:18] {Threei}  it can't be legal
[13:18] {Threei}  or moral
[13:18] {Threei}  or not leading to obesity
[13:18] {RonS} and remeber, it's not bacon
[13:18] {RonS} remeber
[13:18] {Threei}  right
[13:18] {RonS} remember
[13:18] {Threei}  sorry Ron
[13:19] {Threei}  my typing skills rub off
[13:19] {dino} evil speculator :D
[13:19] {ese} indeed
[13:19] {RonS} guess so...sheesh
[13:19] {dino} things are grinding down to a halt
[13:31] {dino} mur to .75
[13:31] {dino} to .80
[13:32] {dino} to .85
[13:32] {dino} to .95
[13:33] {dino} out +.58 slippage
[13:33] {Threei}  aren't you relentless
[13:33] {dino} just lucky, some really big decliners lately
[13:33] {ese} i'll say.....
[13:33] {ese} awesome
[13:33] {dino} thx
06[13:34] * Threei slaps laserhelp around a bit with a large trout
[13:34] {RonS} where's mags...laserhelp should be his godsend...
06[13:35] * Threei slaps magoo around a bit with a large attention-getter
[13:37] {laserhelp} hello hello!! haha if any of you guys need help with laser or have question about the platform im your man. just slap me around and ill know your talking to me :P
[13:38] {Threei}  oh, magoo is going to love it
[13:38] {Threei}  he lives for slapping people
[13:38] {Threei}  and my favorite part is, he can't
[13:38] {Threei}  ever since he lost his mirc, he is slapless
[13:38] {magoo} I CANT
[13:39] {Threei}  yessss!!!!
[13:39] {laserhelp} hahaha
[13:39] {Threei}  LVS
[13:39] {Threei}  looking for long on pullback
[13:40] {RonS} "Slapless in Pennsyltuckey"
[13:40] {Threei}  rofl
[13:41] {Threei} Long Setup:  LVS  .55 break
[13:41] {Threei}  if stays above .45
[13:42] {dino} nemo, you get that mur?
[13:43] {magoo} in lvs
[13:43] {magoo} is that u mr. dack...laserhelp?
[13:44] {Threei}  1:1 faster than magoo could slap when he still could slap
[13:44] {magoo} HEY, remember my slap fests?
[13:44] {Threei}  crap, where is nemo... he would be so proud of my insults
[13:44] {Threei}  those were good
[13:45] {magoo} good times ...sigh
[13:45] {Threei}  seriously though mags... I think you need to download new mirc, yours just got corrupted
[13:46] {magoo} i know, but i sux technically
[13:46] {Threei}  like government, you know
[13:46] {laserhelp} oh you know it magoo
[13:46] {Threei}  seems to be good at first, then gets corrupted
[13:46] {magoo} i really miss mirc so
[13:47] {dino} and i miss summer
[13:47] {Threei}  if I were you, I'd do it with no rush... you have working connection, so no hurry,
[13:47] {magoo} know what? i sux or its el' sr. dacker
[13:47] {Threei}  just work on it when got a few min
[13:48] {dino} all green
[13:50] {nemo} network died
[13:50] {magoo} out .78 TY boss
[13:50] {Threei}  1:2
[13:50] {nemo} what I miss?
[13:50] {nemo} shit
[13:50] {Threei}  you are welcome
[13:50] {Threei}  teo things nemo
[13:50] {jfjf64} ty
[13:51] {Threei}  good tade and a lot of insluts
[13:51] {Threei}  trade
[13:51] {magoo} in sluts ROFLOL
[13:51] {Threei}  rofl
[13:51] {magoo} falling out of chair
[13:52] {Threei}  QCOM...
[13:52] {Threei}  55 break...
[13:52] {Threei}  not my favorite but...
[13:52] {Threei}  at your discretion
[13:53] {Threei}  you likey - you takie
[13:53] {ese} gotta go all see ya tomorrow
[13:53] {RonS} cya ese
[13:53] {Threei}  take care ese
[13:53] {stewy} bye ese
[13:54] {magoo} ES!wait
[13:58] {dino} cya es
[13:58] {jfjf64} amzn
[13:58] {jfjf64} c/h
[13:58] {jfjf64} hod
[14:03] {jfjf64} slw
[14:03] {jfjf64} gave it  back
[14:06] {nemo} idiot me, thought qcom was gonna melt above
[14:07] {Threei}  it still may
[14:07] {nemo} yeah, still bad entry
[14:07] {Threei}  but don't let me argue with you
[14:08] {Threei}  well
[14:08] {nemo} BRCM
[14:08] {Threei}  not sure really
[14:08] {nemo} about what
[14:08] {Threei}  about entry being bad
[14:08] {Threei}  this kind of breaks tends to lead to a jump
[14:08] {Threei}  with execution being almost impossible on the break
[14:09] {nemo} true
[14:09] {Threei}  so aggressive entry is just one of the ways to trade it
[14:09] {nemo} trying to make an optimist out of me?
[14:09] {Threei}  as long as you remember the tradeoffs and take them deliberately
[14:09] {Threei}  no, I still don't want to argue about the "[14:06] {nemo} idiot me" part {GGG}
[14:11] {Threei}  hey, my fathful reader, if he still reads it, will say again that I am full of contempt toward room members'
[14:11] {RonS} feerings...
[14:14] {Threei} Short Setup: SLW  30 break
[14:16] {Threei}  not a scalp for me
[14:17] {Threei}  if it works, let it
[14:20] {Threei}  1;1
[14:28] {magoo} .75 or .65 u thinkin?
[14:28] {Threei}  1"2
[14:28] {Threei}  .55-.65
[14:28] {nemo} stopped qcom
[14:29] {magoo} look spy dump
[14:46] {kschun} was really interesting to see a hardcore buyer in SPY around .80. price levels in combo with L2, T/S and internals really can bring you lots of advantages in market
[14:46] {kschun} and not to forget: VAD
[14:46] {kschun} LOL
[14:46] {kschun} :-)
[14:47] {kschun} oh, forgot the most important ingredient: BACON
[14:47] {jfjf64} whos  vad
[14:47] {kschun} VAD = BACON
[14:47] {kschun} engouh, no jokes about bacon Vad said, so I stop immediately.
[14:50] {kschun} great show again, VAD, SO MUCH RESPECT FOR YOU MAN!
[14:50] {Threei}  thank you, and yes, bacon is off limits
[14:51] {dino}  you guys are making me hungry for a blt sandwich
[14:51] {magoo} rip or rott into close?
[14:52] {larisa} up
[14:52] {dino} rip!
[14:52] {larisa} and vad will say - mini crash :)
[14:52] {kschun} really not sure, mixed messages
[14:52] {magoo} i thought rott
[14:53] {dino} puppy messing w/me
[14:53] {dino} keeps bringing tennis ball into office
[14:53] {kschun} at the moment I would say more likely up
[14:54] {larisa} no, kschun, you have to know for sure
[14:55] {dino} agree w/larisa, show some backbone :D
[14:55] {larisa} or you can not bet :)
[14:55] {kschun} :-)
[14:56] {kschun} just go with sectors, internals, trend and you probably will winn at least 60/40
[14:56] {kschun} not a bad rate for my side
[14:57] {dino} mmi sm l .51 stop .29
[15:01] {kschun} SPY need some up volume, if not we will pullback from the 130 level
[15:01] {kschun} don't like the recent volume action
[15:01] {nemo} vwap .84
[15:01] {kschun} yeap
[15:02] {kschun} and there we go
[15:02] {Threei}  see larisa? my mini-crash in action
[15:03] {davd} its called the 3pm swoon.
[15:03] {larisa} i want clear definition for that
[15:03] {kschun} that's why only one opinion is the right opinion: a flexible opinion
[15:03] {kschun} :-) larisa
[15:04] {Threei}  well... everyone knows what a skirt is, and I've never seen anyone demanding a clear dfinition of a mini-skirt...
[15:04] {kschun} Vad probably is the guy giving the cleartest definitions/opinions I know out there
[15:04] {kschun} clear definition of mini-skirt: less is more LOL
[15:04] {magoo} quit sucking up :)
[15:04] {Threei}  yes... try this for clarity: bacon good, broccoli bad
[15:04] {jfjf64} lol
[15:05] {magoo} nemo and magoo cant be only two keep his ego in check
[15:05] {nemo} oh yeah, like we can affect his ego
[15:05] {nemo} frickin' thing is bulletproof
[15:06] {dino} have to disagree on the broccoli
[15:06] {nemo} me too
[15:06] {nemo} brussel sprouts however...
[15:06] {dino} now i'm thinking of chinese beef and broccoli'
[15:06] {Threei}  it's iceberg-proof
[15:06] {RonS} i'm weird too, like broccoli
[15:06] {Threei}  titanic is nothing comparing to it
[15:06] {kschun} o.k. guys I am out. great eve to all of you, thanks vad!
[15:06] {nemo} bunny likes broccoli
[15:06] {dino} cya
[15:07] {Threei}  take care kschun
06[15:08] * Threei moves dino and ron to the list of "questionable personalities who seem to be fine but then appear to like broccoli thus requiring further investigation"
[15:08] {dino} ahh, whats not to like
[15:09] {nemo} how come I don't make the list?
[15:09] {Threei}  got a week?
[15:09] {Threei}  you like broccoli too??
[15:09] {RonS} lol
[15:09] {nemo} yep
06[15:10] * Threei adds a huge character flaw to the list of nemo flaws, making it 15 pages long
[15:10] {nemo} go ahead....put me on the list
[15:10] {nemo} I dare ya
[15:10] {nemo} whoa
[15:10] {nemo} Yeah, but what size font you using
[15:10] {nemo} ?
[15:10] {Threei}  used to be just 2 pages but broccoli warrants about 13
[15:11] {dino} you sound like "w", he hated broccoli
06[15:11] * Threei sends a request to British Encyclopedy of Good and Bad, suggesting to announce broccoli a root of all evil
[15:11] {RonS} that was g1
[15:12] {dino} ;)
[15:14] {nemo} IWM lower highs, interesting, small caps weakening
[15:16] {RonS} gluu meltup
[15:16] {Threei}  lol, that sounds about right:
[15:17] {nemo} joining you in mmi .41
[15:17] {Threei}  one forum devoted to photography recently changed its format and added some features,
[15:17] {Threei}  so when I looked in my profile there, it says:
[15:17] {Threei}  Your friends list is empty
[15:17] {Threei}  no wonder - being surrounded by broccoli people {G}
[15:18] {dino} sounds like magoo's
[15:19] {RonS} rovi wading up the river
[15:20] {RonS} can u tell i'm trying to stay awake?
[15:21] {Threei}  why would you fight the nature
[15:21] {Threei}  or wait, let me guess
[15:21] {Threei}  you are under the delusion that you have to be awake to trade?
[15:22] {RonS} ya, i was born tired and am having a relapse
[15:23] {stewy} 3i, ty slw. nice
[15:23] {Threei}  still in stewy?
[15:23] {stewy} out while ago, but
[15:23] {stewy} fell asleep
[15:23] {Threei}  I still have 1/4, lol
[15:23] {Threei}  thanks for remindiong me
[15:24] {magoo} me too
[15:24] {RonS} me too stewy...wore me out
[15:24] {jfjf64} good  day  all
[15:24] {jfjf64} ty  bacon
[15:24] {jfjf64} lol
[15:24] {Threei}  take care jf
[15:24] {jfjf64} ty 3i
[15:24] {nemo} well, I'm outta here for the day c u 2 morow
[15:25] {jfjf64} later nemo
[15:25] {stewy} bye jf and nemo
[15:25] {magoo} c u nemo
[15:25] {jfjf64} cya
[15:25] {dino} cya
[15:28] {stewy} i'm done
[15:28] {stewy} last day here so here's
[15:28] {stewy} parting haiku
[15:28] {stewy} walk around the
[15:28] {stewy} room to say
[15:28] {stewy} thank you and
[15:28] {stewy} hasta la vista
[15:28] {dino} gl stewie we'll miss ya
[15:29] {Threei}  take care stewy, we will be here
[15:29] {stewy} you can't see my man tears
[15:29] {magoo} take care stewey
[15:29] {stewy} right now...
[15:30] {larisa} bye stewy :)
[15:30] {Threei}  no but I can easily reproduce it by biting into broccoli
[15:30] {dino} hope to see you back again
[15:30] {stewy} I plan to return again. Thanks everyone. good trading.
[15:33] {magoo} AMZN
[15:35] {dino} out mmi -.03 out of time
[15:44] {magoo} MSFT mrental
[15:44] {magoo} \volume
[15:45] {RonS} hey dino, help me remember to keep ctrp on radar tomorrow...
[15:45] {RonS} mr softy just announced
[15:45] {RonS} my freakin news service giving nothing...
[15:45] {magoo} leaked
[15:45] {magoo} numbers
[15:46] {Threei}  not everu day you see MSFT moving like this
[15:47] {Threei}  Microsoft Corp Reports that Q2 released early, EPS $0.77 v $0.68e, R$19.95B v $19.15Be
[15:47] {RonS} Microsoft 2Q Net $6.63B }MSFT       01/27 01:45 PM
[15:48] {RonS} Microsoft 2Q Online Svcs Rev $691M }MSFT       01/27 01:47 PM
[15:48] {RonS} Microsoft 2Q Server & Tools Rev $4.39B }MSFT       01/27 01:47 PM
[15:49] {RonS} Microsoft 2Q Business Rev $6.03B }MSFT       01/27 01:48 PM
[15:49] {RonS} Microsoft 2Q Entertainment, Devices Rev $3.7B }MSFT       01/27 01:47 PM
[15:50] {RonS} Microsoft Says It Sold 8M Kinect Sensor Units In 60 Days       01/27 01:49 P
[15:52] {Threei}  ok guys, very nice day today
[15:52] {Threei}  thank you all, have a good evening
[15:52] {Threei}  see you tomorrow
[15:52] {larisa} bye :)
[15:55] {Threei}  wow
[15:55] {Threei}  did it report second time?

[16:04] {magoo} ty vad everyone

Jan 26 2011

Choppy day, with a lot of whipsawing action. We started day well but overplayed our hand after FOMC announcement and gave gains back, finishing about flat.

Session Time: Wed Jan 26 00:00:00 2011

[08:40] {magoo} sedarmoc kninrom
[08:41] {Threei}  ?kniht uoy
[08:44] {nemo} tm massive recall, might be a short
[08:46] {nemo} oh, thought I was crazy...looking at the screen through a mirror
[08:47] {jfjf64} mornin
[08:47] {magoo} good one vad
[08:47] {Threei}  nemo, jf :)
[08:47] {magoo} capn, jf
[08:49] {nemo} negrom netug
[08:49] {jfjf64} hmm
[08:50] {Threei}  unless there is an application for this, you guys have way too much time on your hands
[08:50] {jfjf64} check the  coffee
[08:51] {nemo} I was up looking at charts till 1:00
[08:51] {jfjf64} and
[08:51] {nemo} couple a cents short of a dime this morning
[08:51] {jfjf64} what  ya come  up  with
[08:52] {nemo} they were the charts in Kacher and Morales' book
[08:53] {jfjf64} anyone  here  trump  rip  obama  on  cnbc
[08:56] {jfjf64} was upset  the  way  pres  was  pumpin  up  china
[08:59] {magoo} such a fake politician, now reverses his fundamental ideaology which got him elected
[09:09] {magoo} MOTR ripped just now
[09:10] {dino} gm all
[09:10] {Threei}  dino :)
[09:10] {dino} motr, majority holder not selling
[09:10] {RonS} gm...Motricity Files To Withdraw Registration Statement On Form S 1       01/26 07:01 AM
[09:11] {Threei}  ron :)
[09:11] {stewy} morning all
[09:11] {RonS} curious that hes is not taking a big hit
[09:14] {Threei}  stewy :)
[09:15] {ese} morning
[09:15] {Threei}  ese :)
[09:20] {RonS} ese, see ldk after u left?
[09:22] {larisa} gm :)
[09:23] {Threei}  larisa :)
[09:23] {larisa} vad :)
[09:24] {ese} ya
[09:25] {RonS} aks...jpm bump w/ statement on pricing power
[09:25] {ese} sure did ron......what the short position on it
[09:25] {ese} nice capitulation pattern.......somebody bought 2.something million shares of it
[09:25] {ese} whats
[09:26] {RonS} ldk, 14.7 mil sh short...just remember ese these numbers get reported twice a month
[09:26] {RonS} ...it is a fluid situation
[09:27] {Threei}  question: if you say "honey" 1000 times, do you feel sweetness in your mouth?
[09:27] {Threei}  (EU) France Fin Min Lagarde: The euro is a solid currency, is being used as a reserve currency by some central banks
[09:27] {RonS} aks 13.5 mil sh short
[09:28] {ese} i love the weekly chart of ldk........i'm going to go long this at some point and let it ride......
[09:30] {Threei} Short Setup: LVS  .30 break half lot
[09:31] {Threei}  1;1
[09:31] {magoo} missed
[09:31] {ese} nice but missed
[09:31] {jfjf64} missed
[09:31] {Threei} Short Setup: SLW  .10 break
[09:32] {Threei}  invalidated
[09:32] {Threei}  LVS 1:2... anyone got it?
[09:33] {Threei} Short Setup: SLW  .30 break
[09:33] {ese} you were by your lonesome chief
[09:33] {Threei}  invalidated
[09:34] {Threei} Short Setup: SLW  .40 break
[09:35] {magoo} X animal again
[09:36] {Threei}  stop to .45
[09:36] {Threei}  out
[09:37] {Threei}  weird tails SPY
[09:38] {magoo} mornings been volitile
[09:39] {Threei}  X, watching for short entry
[09:39] {Threei}  want bounce above .80
[09:39] {Threei}  and short with stop above .95
[09:40] {magoo} JNPR rippin
[09:40] {magoo} naz red
[09:41] {Threei} Short Setup: X  .80 break
[09:41] {Threei}  if stays uner .95
[09:41] {Threei}  let's make it .90 break
[09:41] {Threei}  if stays under 59
[09:42] {Threei}  not a scalp if works
[09:43] {Threei}  1;1
[09:43] {magoo} in
[09:44] {magoo} crap
[09:45] {magoo} do u know i had 59 loaded as stop finger trigger and npo fi;ll
[09:46] {Threei}  I don't understand what you are doing at all
[09:46] {Threei}  1;1, half out, stop to b/e
[09:46] {Threei}  routine
[09:46] {magoo} dude
[09:46] {Threei}  especially in this volatility
[09:46] {magoo} only complaining about non fill
[09:47] {magoo} i was waiting .75 no exit
[09:47] {magoo} so loaded to get out, was on it
[09:47] {Threei}  my point is, it shouldn't have still been 59
[09:47] {magoo} no fill hence crap
[09:47] {Threei}  rather .91
[09:50] {dino} slab sm l .75
[09:50] {jfjf64} gild
[09:51] {jfjf64} 39
[09:51] {magoo} l yhoo here .54
[09:51] {jfjf64} no go
[09:52] {dino} slab ppe, stopped -.31
[09:52] {Threei} Short Setup: RIMM  .95
[09:52] {Threei}  if stays under .05
[09:53] {dino} slab sm l .25
[09:53] {Threei}  invalidated
[09:55] {dino} bpt v sm l .00
[09:55] {jfjf64} gild  hope  someone  faded  my  call
[09:55] {jfjf64} lol
[09:56] {jfjf64} bounced  off  fib  nicely
[09:56] {Threei} Short Setup: LVS  .60 break
[09:57] {Threei}  1;1
[09:58] {jfjf64} wheres  stop
[09:59] {jfjf64} lol
06[10:00] * Threei slaps jfjf64 around a bit with a healthy dose of common sense
[10:00] {Threei}  *(US) DEC NEW HOME SALES: 329K V 300KE
[10:02] {dino} bpt out 112.42, +1.42
[10:02] {jfjf64} nice
[10:02] {dino} thx
[10:04] {dino} jks -6 since noon yesterday
[10:04] {Threei} Long Setup:  X  .50 break half lot
[10:05] {Threei}  invalidated
[10:05] {dino} slab stopped -.35
[10:06] {dino} pwer sm l .50
[10:08] {jfjf64} quote  obama   we  are poised 4 greatness
[10:08] {jfjf64} nuts
[10:08] {Threei}  {Greatness} where are you folks? I am waiting andf waiting...
[10:09] {dino} jks sm l .00
[10:09] {jfjf64} me  2
[10:09] {jfjf64} dd
[10:09] {jfjf64} 50
[10:09] {jfjf64} look  all shares
[10:11] {Threei}  DOW TESTS 12,000 FOR THE FIRST TIME SINCE JUNE 2008
[10:11] {RonS} looks like a capital statement
[10:12] {jfjf64} x  short
[10:13] {jfjf64} ??
[10:13] {Threei}  market spikes
[10:13] {ese} roger....jolly good....capitol......hip hip........and aul that!!!
[10:13] {Threei}  let's see how X acts
[10:13] {ese} is that what you mean ron
[10:13] {Threei}  if stays enough close to 59, then yes
[10:13] {Threei}  short break of it when market reverses
[10:14] {RonS} captured pwer .52 to .68  thanks dino
[10:14] {dino} gj ron
[10:15] {ese} nice ron
[10:15] {jfjf64} missed
[10:15] {Threei}  second chance's provided
[10:16] {Threei}  courtesy of Her Majesty Volatility
[10:16] {ese} my intelliscan is really really slow.......anyone having those problems
[10:17] {Threei}  looks Ok here
[10:17] {magoo} ok here
[10:18] {ese} hmmmmmm
[10:18] {nemo} dino, mstr
[10:19] {nemo} your kinda' spread
[10:21] {RonS} ho boy...
[10:21] {RonS} oh
[10:21] {nemo} who you callin' a ho?
[10:21] {RonS} hehe
[10:23] {magoo} rimm bouncer vad?
[10:23] {Threei}  hard to tell
[10:23] {nemo} spy gonna' get 130
[10:24] {Threei}  don't like this wekaness amidst the drunken party
[10:25] {magoo} ok
[10:28] {Threei} Short Setup: LVS  .75
[10:31] {Threei}  hmmm
[10:31] {Threei}  invalidated but the idea is still there
[10:31] {Threei}  .90 break
[10:31] {nemo} that high volume candle, and price pushing above it
[10:31] {Threei}  volume dries up on this push to the top
[10:32] {Threei}  could turn into double top from here
[10:32] {jfjf64} .90
[10:32] {jfjf64} validd
[10:32] {Threei}  yes
[10:32] {jfjf64} ty
[10:36] {nemo} that was close to 1:1 and it's holding trend
[10:40] {Threei}  no go
[10:43] {ese} L bg sm .69
[10:44] {Threei}  watching NVDA
[10:45] {Threei}  downtrending since topping at 25
[10:45] {Threei}  .80 is important support
[10:45] {ese} i see what your getting at dino with the thin ones....when they shoot up they really go for it because theres not much supply
[10:45] {Threei} Short Setup: NVDA  .80 break
[10:45] {dino} yes
[10:46] {ese} stop .49
[10:48] {ese} L cagc sm.25
[10:51] {ese} these are not the minimum dn $2.00 though........just trying out your strategy with a different trigger....little break out patterns
[10:52] {dino} million ways ese
[10:52] {ese} based of an hourly chart
[10:53] {Threei}  held by fingertips
[10:53] {ese} with 60min stocastic crossing abouve the 20
[10:54] {ese} i'm sure i'm making vads head swim with too much thinking though
[10:54] {Threei}  I have just the cure though
[10:54] {Threei}  I read every third word
[10:54] {ese} ?
[10:54] {ese} lol
[10:54] {Threei}  and it all makes sense then
[10:55] {dino} slab sm l .20
[10:55] {Threei}  {ese} with stocastic the
[10:55] {Threei}  see?
[10:55] {ese} slab of bacon
[10:55] {dino} mmm mmm
[10:55] {ese} ya vad........that works .......i'll give it a try
[10:56] {Threei}  a lot of things become very clear this way
[10:56] {Threei}  die NVDA
[10:56] {dino} brb
[10:57] {Threei}  1:1
[10:57] {Threei}  1:2
[10:58] {jfjf64} yeahhhhhhhhhhhhhhhhhhhhhh
[10:58] {Threei}  out in full
[10:58] {Threei}  too vertical
[10:58] {jfjf64} me  too
[10:58] {nemo} .63 is pivot support and vwap
[10:58] {nemo} market got 130, and is backing off
[10:58] {jfjf64} does  TAO allow  my happiness
[10:59] {jfjf64} held  on  by fingertips
[10:59] {nemo} doesn't care about you jf
[10:59] {Threei}  allow? It insists
[10:59] {nemo} BS
[10:59] {Threei}  be happy or else
[10:59] {jfjf64} lol
[11:00] {jfjf64} that  was  huge  swing
[11:00] {jfjf64} ahh
[11:00] {jfjf64} need  shot
[11:02] {ese} out bg .03 +.34
[11:02] {ese} hmmmmmmmmmmmmi'm liken it
[11:02] {jfjf64} nvda  bounce  off fib
[11:02] {RonS} gj...how can u not like a bunge?
[11:03] {jfjf64} 3i   do you  use  fibs
[11:03] {nemo} he lies all the time
[11:03] {ese} lol
[11:03] {Threei}  no
[11:04] {jfjf64} nemoo  whenn  ya  stay up  late   likeee  ya  sence  humor  much  more
[11:04] {nemo} acidic?
[11:04] {jfjf64} makin  me  laugh  today
[11:04] {jfjf64} sorry 3i
[11:07] {ese} you know vad ...i think you might be onto something here....intead of reading every 3rd work do every 3rd sylable.......for instance jf's pos at 05....."ne...en...ay..at....eee..enc...or....ch re"
[11:08] {Threei}  I wonder how what we type here looks for outside world
[11:08] {ese} makes perfect sense to me
[11:08] {Threei}  e-mail I got a few weeks ago:
[11:08] {nemo} well, we have often referred to this place  as an asylum
[11:08] {Threei}  you seem to be full of disdain to your customers
[11:09] {nemo} you have no time for morons
[11:09] {ese} rotflol.........
[11:09] {Threei}  my first reaction was to fall out of my chair
[11:09] {ese} i just did
[11:09] {Threei}  but then I remembered some of dialogs with magoo for instance
[11:09] {RonS} omg...no sense of humour
[11:09] {dino} jungle
[11:10] {Threei}  and thought, for someone taking words at face value...
[11:10] {ese} ohhhh my goodness...this is too funny
[11:10] {Threei}  that's a great idea ese, about syllables
[11:10] {nemo} westerners are such wussies...Our feelings are hurt, boo hoo, has to be win win
[11:10] {Threei}  well, I answered in kind
[11:10] {nemo} I would have loved to punch out Dr. Spock
[11:10] {ese} that made my day
[11:10] {Threei}  something to the effect of "you are right, I hate them"
[11:11] {dino} out jks .43, +.43
[11:11] {ese} can't think of anywhere else i rather be hangin.......even if i wasn't tradin
[11:11] {nemo} People have told me I'm prejudiced
[11:11] {nemo} I told them no....
[11:11] {nemo} I hate everybody equally
[11:11] {ese} duh!
[11:11] {Threei}  lol
[11:11] {ese} lol
[11:11] {RonS} Left Coast nemo, not westerners.  The again i was trained in biz by ny jews.
[11:12] {ese} this is a great comedy act......we need to take this on the road
[11:12] {dino} out slab .60, +.40
[11:12] {RonS} gj
[11:12] {ese} well done as per usual dino
[11:12] {Threei}  look how prefectly we covered NVDA
[11:12] {nemo} RonS, I live an artillery shells throw from Cambridge...wtf
[11:13] {dino} :D
[11:13] {nemo} nice slab dino
[11:13] {Threei}  that's all out of contempt to Alert
[11:13] {dino} finally worked
[11:13] {Threei}  I real.ly despise the guy
[11:13] {ese} ya but?  Artilery shells can go miles
[11:13] {nemo} rates right up there with birdbrain
[11:13] {nemo} yes ese, I know
[11:13] {nemo} that
[11:13] {nemo} that's my point
[11:14] {nemo} frickin' musicians
[11:14] {ese} lol
[11:14] {ese} trading is suppose to be work and not this much fun
[11:14] {nemo} I live 27 miles from Cambridge
[11:14] {ese} vad you didn't tell me this when i signed on
[11:15] {ese} if i shot that from here it would miss vads place by 15 miles
[11:15] {Threei}  sorry ese, as nemo remarked earlier - I lie
[11:15] {Threei}  also, when I tell people that trading can be both profitable and fun, they assume it's illegal
[11:16] {nemo} well, that was a lie of omission
[11:16] {Threei}  which you have to agree sounds about right
[11:16] {ese} i guess i could re adjust if vad ever did me wrong.......hmmmmmm good to know
[11:16] {ese} lol
[11:16] {ese} illegal
[11:17] {RonS} feerings...
[11:21] {jfjf64} joe
[11:21] {jfjf64} spike
[11:27] {jfjf64} hal
[11:28] {jfjf64} i/ch
[11:28] {jfjf64} ?
[11:32] {dino} !
[11:33] {jfjf64} agggesive  here
[11:33] {jfjf64} tight  stop
[11:33] {RonS} lol
[11:33] {RonS} jf talking to self...been there, done that
[11:34] {Threei}  main thing is, it helps
[11:34] {jfjf64} lol
[11:34] {RonS} ...now...where's my dog...
[11:35] {dino} thats who i talk to
[11:36] {jfjf64} hit
[11:37] {jfjf64} so much  4  aggresive  entry
[11:37] {nemo} I talk to the rabbit
[11:37] {jfjf64} some bunch  here
[11:37] {nemo} Dino sees dead people
[11:37] {RonS} carrots?
[11:38] {larisa} jf you played HAL long off support?  your comments were confusing :)
[11:38] {jfjf64} short
[11:38] {larisa} oh i see
[11:38] {jfjf64} lost 5 cents
[11:40] {jfjf64} comments  very  confusing
[11:40] {jfjf64} this  room  brings  out  best of  me
[11:40] {Threei}  ese gave you the recipe
[11:40] {Threei}  every third syllable
[11:40] {jfjf64} yes
[11:40] {Threei}  things become so clear
[11:41] {jfjf64} nvda
[11:41] {Threei}  {jfjf64} this out best me
[11:41] {Threei}  see?
[11:41] {jfjf64} nice  sell
[11:43] {jfjf64} time 4 lunch talk later  enjoy
[11:45] {stewy} .
[11:46] {RonS} -
[11:49] {nemo} Looks like Hawaii Governor admitted no birth certificate for Obama
[11:49] {Threei}  really?
[11:49] {Threei}  he jumped into this to prove there is
[11:49] {nemo} supposedly
[11:56] {nemo} btu looks like bull flag
[12:00] {magoo} in anything ?
[12:01] {nemo} do you really need the answer
[12:01] {nemo} ?
[12:02] {dino} pwer only
[12:04] {magoo} in at .50 right?
[12:06] {dino} y
[12:07] {dino} have to go walk neighbors dog (death in family)
[12:07] {magoo} who?
[12:07] {dino} mr kane
[12:08] {magoo} oh..
[12:27] {nemo} Well, here comes the blizzard
[12:29] {Threei}  yikes
[12:34] {Threei} Long Setup:  NVDA  .75 break
[12:34] {Threei}  if stays above .70
[12:34] {Threei}  just a scalp most likely
[12:35] {Threei}  maybe 1:2 if we get lucky
[12:37] {dino} .
[12:37] {dino} .
[12:49] {Threei}  so dino
[12:49] {Threei}  what's your point?
[12:52] {dino} not sure
[12:52] {Threei}  even that was too much to expect from NVDA
[12:54] {magoo} see a short in lvs vad?
[12:54] {Threei}  if market erevrses down, sure
[12:54] {Threei}  it follows well today
[12:59] {Threei}  market reversal here and LVS loss of 46 would be perfect
[13:00] {magoo} how about X short
[13:00] {Threei}  whether market reverses down or just pulls back a little and creeps back up, I have no idea
[13:00] {dino} out pwer .80, +.30
[13:00] {nemo} FOMC
[13:00] {Threei}  X a bit late
[13:00] {dino} back in 30
[13:20] {ese} .
[13:21] {Threei}  you have a point too ese
[13:21] {ese} ya for sure.......am giving another exam in a couple of hours and am just finishing it up......will be gone soon
[13:23] {ese} am looking for a spot to get out of cagc
[13:24] {ese} dinos' style is very flexible.......worked for what i tried it with today
[13:24] {ese} would cagc to break over .60 though
[13:25] {larisa}  for what i tried it with .. is it even english? :)
[13:26] {Threei}  it's Victorian larisa
[13:26] {Threei}  we are too relaxed here to speak real language
[13:26] {ese} lol
[13:27] {larisa} RIMM is going to pull back ever?
[13:27] {Threei}  watching it too
[13:27] {ese} oh ya!!!!!! OH YAAAAAA!!!!!!!  who died and made you linguistics queen anyway?   HUH?
[13:29] {ese} now THAT! was proper english.
[13:29] {Threei}  I'd say, king's speech
[13:30] {ese} larisa is a guy?
[13:30] {larisa} of course
[13:31] {ese} lol
[13:31] {Threei}  GM Govt Official: Govt could sell entire stake in the company over the course of a year - financial press
[13:31] {Threei}  heh
[13:32] {ese} heh what
[13:33] {Threei}  this GM crap
[13:33] {Threei}  they need to sell it around 50 or higher to break even
[13:34] {jfjf64} nvda  bounce
[13:34] {jfjf64} ?
[13:34] {Threei}  doesn't look readable
[13:34] {jfjf64} ty
[13:35] {Threei}  FOMC in 40 min
[13:35] {Threei}  market will be erratic
[13:39] {ese} gotta go ya'll.....cya tomorrow
[13:39] {Threei}  take care ese
[13:39] {Threei}  we wll tell you how it all ended
[13:39] {larisa} bye ese :)
[13:39] {ese} cya vad laris
[13:40] {stewy} bye ese
[13:40] {dino} .
[13:49] {Threei}  (US) Preview: FOMC rate decision due out around 14:15ET
[13:49] {Threei}  - Today's FOMC meeting is largely expected to be uneventful. Given slowly improving data and the comments from Fed members in the last two months suggesting that it would take significant developments to alter the course of QE2, the FOMC will likely reaffirm its commitment to the quantitative easing program today while continuing to review the plan on a regular basis.
[13:49] {Threei}  - The most notable revision today may be in the inflation commentary, acknowledging some of the inflation pressures seen recently, particularly in commodity prices. The December statement said "measures of underlying inflation are somewhat low" and "longer-term inflation expectations have remained stable, but measures of underlying inflation have continued to trend downward." Today's statement might suggest that inflation measures have ended their downtrend and started to level off.
[13:56] {jfjf64} rimm pubk
[14:01] {RonS} nflx options implying a $16 move...reports ah...
[14:06] {dino} ftnt
[14:08] {jfjf64} short
[14:09] {Threei}  6 min till FOMC
[14:09] {dino} dk, not for awhile at least
[14:10] {jfjf64} sd we  put  our  fomc  hats  on
[14:10] {Threei}  I lost mine
[14:10] {Threei}  but you do by all means
[14:14] {nemo} got awful quiet out there
[14:14] {nemo} oh, watchet the True Grit remake, pretty good
[14:14] {jfjf64} slw
[14:15] {jfjf64} breakdn
[14:15] {jfjf64} ?
[14:15] {Threei}  wait out FOMC
[14:15] {jfjf64} k
[14:15] {nemo} y
[14:15] {Threei}  don't you remember how volatile market can be after announcement
[14:15] {nemo} absotutely
[14:16] {jfjf64} me  
[14:16] {jfjf64} no
[14:16] {nemo} quick jf, what's your name
[14:17] {dino} they are arguing over who pays for lunch
[14:17] {nemo} well, Bernanke still has that car loan
[14:17] {Threei}  *FOMC HOLDS FED FUNDS RATE TARGET AT 0.25%
[14:17] {Threei}  ote was 11-0; household spending picked up late last year; commodity prices have risen
[14:18] {nemo} what's his name didn't dissent...market should go up
[14:19] {jfjf64} lvs
[14:19] {jfjf64} no  responce
[14:21] {RonS} gld
[14:24] {magoo} lil response
[14:24] {Threei} Short Setup: X  .95
[14:25] {Threei}  if stasy under .05
[14:26] {Threei}  change of plans
[14:26] {Threei} Short Setup: X  59 break
[14:26] {Threei}  if stays under .10
[14:26] {Threei}  above .10 abandoning short idea
[14:27] {nemo} guess we're done
[14:27] {jfjf64} abort  the  mission
[14:27] {RonS} pcx .10 break s?
[14:27] {Threei}  reestablished
[14:28] {Threei}  PCX, yes
[14:28] {Threei}  market looks like mini-crash is coming
[14:29] {magoo} lvs short?
[14:30] {dino} ftntsm s ftnt .00
[14:30] {Threei}  no go X
[14:30] {nemo} market still churning
[14:30] {Threei}  LVS... probably
[14:31] {Threei}  I think gotta switch to aggressive entries
[14:31] {Threei}  whipsaws everywhere
[14:32] {nemo} yep...gonna' need the donut pillow
[14:36] {Threei}  pullback time it seems
[14:36] {Threei} Short Setup: X  .40 breeak
[14:36] {Threei}  stop above .50
[14:38] {Threei}  doesn't feel right
[14:38] {nemo} long above .50?
[14:38] {Threei}  nah
[14:38] {kschun} no
[14:39] {nemo} offers .50
[14:40] {jfjf64} aggtresive
[14:40] {jfjf64} ?
[14:41] {Threei}  can't tell jf, we are in that pattern of volatile moves where anything's possib;le
[14:41] {Threei}  like on the open
[14:41] {Threei}  see?
[14:41] {jfjf64} yes
[14:42] {jfjf64} hod
[14:42] {jfjf64} careful
[14:42] {nemo} 1/2 out .61
[14:43] {jfjf64} good  job nemo
[14:43] {nemo} ate massive offers at .50
[14:43] {jfjf64} lot  vol  into  move
[14:43] {nemo} yep
[14:43] {nemo} 1/4 more .71
[14:43] {kschun} respect nemo
[14:43] {jfjf64} go  nemo
[14:44] {nemo} hi volume doji at 14:35 volume increased as it moved above.  then damn set up at .50
[14:44] {nemo} dam
[14:45] {nemo} so scatalogical
[14:45] {dino} gj nemo
[14:45] {nemo} trying to figure out stop now
[14:45] {jfjf64} time  to  find  reversal
[14:45] {jfjf64} x
[14:46] {RonS} where's mags w/ his price prediction voodoo
[14:46] {nemo} o.k. wherever bottom this out
[14:46] {dino} dk ron
[14:46] {nemo} last .64
[14:47] {nemo} new hi spy
[14:47] {dino} cov ftnt .69, +.31
[14:49] {jfjf64} .50 break  slw
[14:50] {jfjf64} hold .55
[14:50] {nemo} that's gap resistance
[14:51] {nemo} lookin short
[14:51] {Threei}  not sure...
[14:52] {Threei}  holding too well while market pulls back
[14:52] {jfjf64} no  go
[14:52] {jfjf64} very  tck   nemo
[14:52] {nemo} thick or tck
[14:53] {jfjf64} teckinal
[14:53] {nemo} oh
[14:53] {nemo} korreqkt
[14:53] {Threei}  jf is very diksleksik
[14:53] {jfjf64} lol
[14:53] {jfjf64} jf  gets  no  respect
[14:53] {Threei}  respekt you mesan
[14:53] {jfjf64} lol
[14:55] {Threei}  see SLW?
[14:55] {nemo} yep
[14:55] {jfjf64} yup
[14:55] {jfjf64} didnt  see 5 min  chart
[14:55] {jfjf64} 4   long
[14:56] {Threei}  Hoenig is no longer voting member of Fed
[14:56] {nemo} ahhh, thats why
[14:56] {Threei}  that's why no dissension
[14:56] {jfjf64} great
[14:56] {Threei}  Fisger was expected to vote against but suddenly canged his mind
[14:56] {Threei}  Fisher
[14:56] {nemo} katy bar the door, they'll be marketing FRN brand toilet paper at a supermarket near you
[14:57] {dino} "measures of underlying inflation have been trending downward" ??
[14:57] {magoo} anyones chart freezing today with laser? mine twice, once just now
[14:57] {nemo} don't think so
[14:57] {Threei}  no... looks fine here
[14:58] {kschun} AU sick volöume
[14:58] {nemo} wow, where'd you get the umlaut
[14:58] {nemo} ?
[14:58] {RonS} from papa
[14:59] {nemo} Bob Seger
[14:59] {dino} ffiv hod
[15:01] {Threei}  in case anyone cares:
[15:01] {Threei}  (NZ) RESERVE BANK OF NEW ZEALAND (RBNZ) LEAVES OFFICIAL CASH RATE UNCHANGED AT 3.00% (AS EXPECTED)
[15:01] {kschun} LOL nemo
[15:01] {nemo} ?
[15:01] {kschun} where did you learn german my friend?
[15:01] {nemo} Im Muenchen und Koeln
[15:04] {RonS} 3i's muenchen on bacon...
[15:04] {kschun} o.k. :-)
[15:05] {Threei}  lol
[15:05] {kschun} look at TICK, unreadable today... this often occurs when vola goes to moon and back... warning sign.
[15:05] {Threei}  but thread carefully Ron... this area is rarely suitable for jokes
[15:06] {Threei}  bacon is kind of sacred cow
[15:06] {nemo} sacred pig
[15:06] {dino}  lol
[15:08] {stewy} see you all tomorrow
[15:08] {Threei}  take care stewy
[15:11] {RonS} dang it, i thought we would get a direction at 3...
[15:11] {dino} cya stew
[15:11] {RonS} chopfest
[15:12] {nemo} except resource stocks
[15:14] {dino} wow clf
[15:18] {Threei}  RIMM, C&H
[15:18] {Threei}  .50 break
[15:18] {jfjf64} slw
[15:18] {jfjf64} wow
[15:20] {magoo} mini-crash off?
[15:20] {Threei}  too much whipsawing
[15:30] {dino} ftnt hod
[15:43] {Threei}  morning was OK, afternoon I hate
[15:43] {Threei}  chop chop chop
[15:45] {magoo} even morning was fast and furious
[15:45] {Threei}  yes, but there wwere obtainable and obedient trades
[15:47] {dino} for fed day, not bad imo
[15:48] {nemo} day gonna' finish near the highs
[15:48] {Threei}  Dow tries to finish above 12K
[15:48] {dino} funny thing is dow doesn't matter. not the same group of companies
[15:49] {Threei}  no... but still used by most as a measurement
[15:49] {nemo} kinda' like the state of the union address
[15:49] {dino} s/p much better
[15:53] {RonS} nflx lod
[15:55] {kschun} o.k. guys I am out, thanks to all!
[15:55] {Threei}  thank you all
[15:56] {Threei}  have a good evening, see you tomorrow
[15:56] {larisa} bye
[15:57] {dino} gn all