Monday, April 2, 2012

Apr 02 2012

(Course on chart pattern recognition is available now:  )

Nice start to the week with solid profitable morning; SPY got glued to 142 for the whole afternoon so our trades became few and far between.

Session Time: Mon Apr 02 00:00:00 2012

[08:21] {sciborg} gm
[08:28] {Threei}  good morning... (big yawn)
[08:30] {nemo} noy u too
[08:30] {nemo} not
[08:30] {Threei}  sorry
[08:30] {Threei}  I take it back
[08:48] {Les} morning
[08:48] {Threei}  les :)
[08:49] {Threei}  China issued a ban against microblogging, accrding to reports. Stocks that could be impacted include $SINA $RENN $BIDU $SOHU
[08:50] {Les} huh?
[08:50] {Les} Totally illegal to have one's say in China? That sux.
[08:51] {Threei}  words of someone who never lived in USSR... {G}
[08:51] {Les} happy to have one the 'freedom' lottery
[08:51] {Les} won, not one
[08:52] {Threei}  yeah... I just wish more people who won this lottery would learn history
[08:52] {Les} Vad, see the big descending triangle on RIMM from Oct to Friday's breakout?
[08:53] {Les} just wondering if that sort of chart action is worth following...
[08:53] {Threei}  all those whp preach the vurtue of socialism to me and draw blank when asked what they think of failed 70-years long experiment with it
[08:54] {_juanco} good morning
[08:54] {Threei}  juanco :)
[08:54] {Threei}  normally this kind of break of the descending line signals trend change,
[08:54] {dino} gm
[08:55] {Threei}  but this is daily chart, give it a chance to develop, one bar is just that
[08:55] {Threei}  dino :)
[08:55] {Les} ok
[08:55] {Threei}  also, RIMM in a longer time frame is a story developing,
[08:56] {Threei}  their next Blackberry is being discussed as make-or-break product
[08:56] {Threei}  so, whatever chart says, I doubt players know much about this product and its reception
[08:58] {Threei}  Topeka Capital Initiates AAPL with Buy, price target: $1001
[08:58] {Threei}  lol
[08:58] {Threei}  not $1000.99?
[09:02] {_sniper} gm
[09:03] {Threei}  sniper :)
[09:06] {Threei}  people are beyond weird...
[09:06] {Threei}  read the comments:
[09:07] {Les} among  interests include Range Rover USA, Sizzix, Stein Mart, Atherton Mill, Friendly Restaurants Franchise, Reality Trader...
[09:08] {Threei}  ain�t I lucky
[09:08] {rambler} gm..
[09:08] {Threei}  rambler :)
[09:08] {Les} you attract all kinds
[09:09] {Les} oh I see he likes corporate franchises...
[09:09] {rambler} ain't that a
[09:10] {Les} you been trying to set up corporate franchises vad?
[09:10] {Threei}  not unless I�ve been sleepwalking
[09:10] {Threei}  checked the database - guy has never been here even on a free trial, let alone a member
[09:11] {Beau} good morning you all
[09:11] {Threei}  beau :)
[09:11] {ese} gm
[09:11] {Threei}  ese :)
[09:11] {ese} morning vad
[09:11] {ese} dino .....loved wtching Mahan win in Houston that mans golf swing
[09:15] {MigC}  good morning
[09:15] {Threei}  migc :)
[09:15] {dino} he's good. unfortunately didn't see it.
[09:16] {ese} swing to die for....picture perfect
[09:19] {Threei}  so far indications for market direction are not very convincing either way
[09:20] {nemo} numbers at 10, we may be in earnings wait and see mode
[09:22] {nemo} sina
[09:22] {Les} French/Italian banks down 3%. I see XLF flat here
[09:22] {Beau} ese morning Houston paper quotes Mahan giving credit to attitude adjustment.  More positive, know he can make the shot.
[09:22] {Threei}  SINA is one of those hit by this:
[09:22] {Threei}  [08:49] {Threei} China issued a ban against microblogging, accrding to reports. Stocks that could be impacted include $SINA $RENN $BIDU $SOHU
[09:23] {dptl} good morning
[09:23] {ese} boy i'll say......using the driver on 18 yesterday was huge statement.....
[09:23] {nemo} trade them, don't be a pisdah
[09:23] {ese} DDDDDDDDDPPPPPPPPPPPPPPP!!!!!!!!!!1
[09:23] {Threei}  dp :)
[09:23] {dptl} :)
[09:24] {nemo} where's beaky?
[09:24] {ese} lookin forward to the annual shiskabob bash dp to catch up with ya
[09:24] {dptl} same here...
[09:25] {Threei}  am I invited?
[09:25] {dptl} lol
[09:26] {nemo} you'll have to vacate for that weekend Vad
[09:26] {andj} gm
[09:26] {Threei}  andj :)
[09:26] {Threei}  FCX is stronger than the market
[09:27] {nemo} sina just ripped a buck
[09:27] {Threei}  pulp
[09:28] {Threei}  FCX is long candidate on pullback
[09:29] {Threei}  so�s RIMM
[09:29] {Threei}  no clear idea for the whole day, will have to feel our way around as we go
[09:30] {dino} caught it nemo
[09:30] {Les} SPY begins the day at pivot support
[09:30] {nemo} I took .85 tna dino
[09:30] {Threei} Long Setup:  RIMM  .60 break
[09:30] {Threei}  if stays above .50
[09:31] {nemo} out balance under .75
[09:31] {Threei}  fast...
[09:31] {Threei}  1:1
[09:31] {nemo} played the multi-level bounce
[09:31] {Threei}  anyone got lucky to catch it?
[09:31] {sciborg} dam that was quick  in/out
[09:31] {cipher} yes
[09:31] {sciborg} I got it
[09:31] {Threei}  cool
[09:32] {Les} fcx
[09:32] {Threei}  no seconf entry if pulls back to .60
[09:32] {andj} rimm
[09:32] {dino} sina to .74
[09:32] {Threei}  FCX is two-sided here
[09:32] {Threei}  .10 - .20
[09:32] {Threei}  half lot
[09:33] {Threei}  RIMM 1:2
[09:33] {dino} out .66, +1.16 from premkt 
[09:33] {Threei}  wtg
[09:33] {Threei}  gutsy
[09:33] {Threei} Short Setup: SLW  33 break
[09:34] {nemo} long above .05?
[09:34] {Threei}  .10 is much more indicative...
[09:35] {Threei}  market drops
[09:36] {Threei} Long Setup:  SLW  .10 break
[09:36] {Threei}  FCX 1:1
[09:36] {Les} half out fcx .29
[09:37] {Threei}  1:2, out
[09:37] {Les} another quarter here
[09:37] {Les} 1:3 out
[09:37] {Threei}  wtg
[09:37] {Les} ty sir
[09:37] {Threei}  yw
[09:38] {dino} sina sm l .00
[09:38] {Threei}  SLW 1:1
[09:38] {dino} stop .74
[09:39] {Threei}  1:2, out
[09:39] {Threei}  3/3... can I go home?
[09:39] {Les} suer
[09:39] {Les} sure
[09:40] {sciborg} nope..I missed that 1 need another :)
[09:40] {dino} sohu sm l .00
[09:41] {dino} lqdt drop
[09:42] {Threei} Short Setup: FCX  .60 break
[09:42] {Threei}  if stays under .65
[09:42] {Threei}  very tight stop
[09:43] {Threei}  no go
[09:43] {nemo} commodities being bought
[09:43] {nemo} gdx flying
[09:44] {Threei}  rinse
[09:45] {dino} sohu to .42
[09:47] {Les} cat not following commodities
[09:47] {Threei} Long Setup:  CAT  .80 break
[09:47] {Threei}  hl
[09:47] {Threei}  invalidated
[09:48] {dino} sina stop -.28
[09:48] {Les} slw dt here from friday
[09:49] {Threei} Long Setup:  CAT  .65 break hl
[09:49] {dino} out sohu .41, +.41
[09:50] {Threei}  stop under .55
[09:50] {Threei}  target .90
[09:50] {Threei}  hit 1:1 while I typed
[09:52] {Threei} Short Setup: SLW  .50 break
[09:55] {Les} can't borrow
[09:55] {dino} wprt sm l .02
[09:56] {Threei}  stop .57
[09:57] {Threei}  holding too well, let�s scratch it
[09:58] {Threei} Long Setup:  RIMM  .65 break
[09:58] {Threei}  if stays above .55
[09:59] {Threei}  US) MAR ISM MANUFACTURING: 53.4 V 53E; PRICES PAID: 61 V 63E
[09:59] {Threei}  (US) FEB CONSTRUCTION SPENDING M/M: -1.1% V +0.7%E- Prior MoM revised lower from -0.1% to -0.8%
[10:00] {Threei}  RIMM invalidated
[10:01] {Les} faded it half covered here
[10:02] {Les} 2nd half +.04
[10:02] {Les} wary of a snapback
[10:03] {dino} lqdt sm l .35
[10:03] {Threei}  feels like SPY will make one last pullback, then start climbing
[10:05] {nemo} construction numbers terrible and market ripping...we'll be going up until Europe blows up
[10:05] {Threei}  yup
[10:05] {Les} yeh wanna get long cat, but no pullbac
[10:05] {Les} k
[10:06] {Threei} Long Setup:  X  .80 break
[10:06] {dino} lqdt to .66
[10:06] {rambler} out LQDT +.30 tks dino
[10:07] {Threei}  wtg
[10:07] {dino} gj
[10:08] {dino} out lqdt ave .69, +.34
[10:08] {Threei}  (US) RBC Chief Economist: Fed's QE3 could come in June- Reminder: Currently quantitative easing program is scheduled to conclude in June
[10:08] {Threei}  idiot
[10:09] {Threei}  X 1:1
[10:09] {rambler} missed X ..dang
[10:12] {dino} mos sm l .50
[10:12] {nemo} free stock charts all screwed up today wtf
[10:16] {Threei} Long Setup:  TZA  .45 break
[10:16] {Threei}  if holding .40
[10:16] {nemo} wow
[10:17] {Threei}  IEA: Higher oil prices could trigger a world recession
[10:19] {nemo} we're testing the spy highs today
[10:20] {dino} ypf sm l .68
[10:20] {Threei}  come on TZA, jump
[10:21] {Threei}  what are you, blind
[10:21] {Threei}  SPY�s pulling back
03[10:24] * Retrieving #discussions modes...
[10:26] {dino} ypf stop -.22
[10:27] {Les} half out .50
[10:30] {Threei}  I don�t feel pullback is over
[10:30] {Threei}  there should be a bit more downside
[10:34] {Threei}  half out .52
[10:34] {Threei}  stop to .44
[10:34] {Threei}  aiming for .65 with two more partials
[10:35] {cipher} +.27 ypf thx dino
[10:35] {Threei}  ahha... the facebook guy figured it out, realized it was someone else who got him killed
[10:35] {Threei}  sigh... people...
[10:36] {dino} gj
[10:36] {Les} well at least he worked out that you're not his next intended target
[10:37] {Threei}  tough call, let�s do half lot:
[10:37] {Threei} Short Setup: SLW  .65 break
[10:37] {Threei}  if stays under .75
[10:38] {Threei}  on TZA, offer 1/4 more around .57 - .58
[10:38] {Threei}  nailed the reversal on it to the T
[10:39] {Threei}  sciborg... I believe we do well for your first day in the room
[10:40] {thomcbell} short setup - invn 18.72 break if holding 18.83
[10:40] {Threei}  if monthly membership has not been paid yet during this first hour, it should be somewhere close, lol
[10:40] {Threei}  SLW invalidated
[10:41] {Threei} Short Setup: LVS  .40 break
[10:41] {Threei}  half lot
[10:41] {thomcbell} invn 1:1 almost 1:2
[10:42] {sciborg} ahh missed it
[10:42] {Threei}  stop .48
[10:43] {Threei}  over 1:1
[10:43] {Threei}  just a scalp most likely
[10:44] {nemo} .17 then the whole
[10:45] {Threei}  1/4 more out TZA
[10:45] {Les} all out ty sir
[10:45] {Threei}  yw
[10:47] {dino} sina sm l .55
[10:47] {dino} sohu sm l .60
[10:48] {Threei}  I am still giggling about this
[10:48] {Threei}  [08:58] {Threei} Topeka Capital Initiates AAPL with Buy, price target: $1001
[10:48] {Threei}  what an amazing precision
[10:48] {Threei}  stop for the last portion TZA is at .49 now btw
[10:49] {thomcbell} qcom looking like a long here
[10:50] {thomcbell} nice cup and handle on 1 min
[10:50] {dino} out sina .85 +.30
[10:50] {thomcbell} long entry 68.23 break if holding ?
[10:50] {Threei}  done TZA
[10:50] {Threei}  I like the chart tbell
[10:50] {thomcbell} invn 1:2
[10:50] {Threei}  hate the stock
[10:51] {dino} gj tbell
[10:51] {cipher} why?
[10:51] {cipher} isn't it just a symbol?
[10:51] {Threei}  sure
[10:51] {Threei}  it�s a symbol that rinses too often
[10:51] {Threei}  obeys patterns with low percentage
[10:52] {cipher} that explains it :)
[10:52] {Threei}  I didn�t say �company�, did I :)
[10:52] {cipher} lol
[10:52] {Threei}  as far as I am concerned, there may not be a company... just a stock symbol
[10:52] {Threei}  toy for traders :)
[10:52] {thomcbell} invn stop 18.72 
[10:53] {Threei}  as we used to say during antrax scare, �they are all welders�
[10:53] {thomcbell} long setup inxn 18.01 break half lot if holding 17.85 due to excessive range
[10:53] {thomcbell} and eqix looks tired
[10:54] {Threei}  a lot of cheapies were making big runs pumping their partivcipation in defense against the scare,
[10:54] {dino} out sohu .76, major slip +.16
[10:54] {thomcbell} alternatively could go full lot with half stop holding 17.95 
[10:54] {Threei}  one of them was AATK, which turned out to be a welding company, issued a release that they can install an antrax-testing deice...
[10:54] {Threei}  device
[10:55] {Threei}  meaning, if you have it - we can weld it to the wall
[10:55] {thomcbell} stop to 68.14 on qcom for me 
[10:55] {Les} I assume the stock did well?
[10:55] {Threei}  standing joke for months became, any company we trade is a welder
[10:55] {cipher} sohu l .57
[10:56] {Threei}  LVS
[10:56] {Threei}  deja vu
[10:56] {Threei} Short Setup: LVS  .40 break
[10:57] {Threei}  stop .48
[10:57] {Threei}  (yes, again)
[10:57] {dino} sina sm l .72
[10:58] {cipher} out sohu .68 +.11
[10:59] {dino} sohu sm l .71
[10:59] {thomcbell} qcom sold 1/4 here 68.38
[11:01] {Threei}  SPY goes for new high it seems
[11:01] {thomcbell} the longer this inxn trades in this range - the better the play in my opinion
[11:02] {thomcbell} still no trigger
[11:02] {thomcbell} qcom 1:2 sold another 1/4 at 68.44
[11:02] {Threei}  very nice
[11:02] {thomcbell} thanks sensai
[11:02] {Threei}  I take back my unfair remarks toward QCOM
[11:02] {Threei}  LVS 1:1 again... deja vu, I am telling you
[11:03] {dino} wprt stop -.07
[11:03] {thomcbell} qcom stop to 68.30 
[11:06] {Threei}  things slowed down greatly
[11:06] {nemo} summer trading
[11:06] {Threei}  LVS 1:2, out
[11:06] {rambler} out   tks V
[11:07] {Threei}  :)
[11:07] {Threei}  I am not complaining, we got very nice chunk in the morning, and lately lunch time is more tradeable too
[11:08] {Threei}  so, going to cruise over scanner alerts looking for the safest ones
[11:10] {dino} rallllly
[11:10] {dino} 07 green
[11:10] {nemo} new spy highs today at least test the highs
[11:10] {thomcbell} qcom selling another 1/4 here 
[11:16] {dino} out sina .31, +.59
[11:17] {Threei}  wtg
[11:18] {dino} ty
[11:21] {dino} sohu to .01
[11:23] {dino} out sohu .01, +.30
[11:26] {dino} svvc spike
[11:27] {dino} xrtx 91 trig l
[11:27] {dino} .91
[11:30] {dino} ypf drop
[11:36] {thomcbell} qcom out remainder 1:3
[11:38] {cipher} ypf l .82
[11:40] {cipher} out .10 +.28 
[11:40] {cipher} good call dino
[11:40] {dino} ;)
[11:43] {Threei} Long Setup:  FAZ  .20 break
[11:43] {Threei}  if holding .15
[11:47] {dino} sina sm l .95
[11:47] {Threei}  no go
[11:48] {nemo} spy going to 142.10
[11:48] {Threei}  setup was totally valid
[11:48] {Threei}  classic reversal pattern
[11:48] {nemo} yeah, but market too strong
[11:48] {Threei}  suden spike on big volume
[11:49] {Threei}  whatever... 6 cents stop fits in my definition of a safe trade
[11:49] {nemo} yeah
[11:50] {dino} sina stop -.30
[11:52] {thomcbell} will watch for another short setup to emerge on invn up here 
[11:54] {thomcbell} decent kangaroo tail there invn
[11:56] {thomcbell} inxn 1:1
[12:01] {dino} save sm s .83
[12:02] {dino} mos to .75
[12:08] {nemo} this is Weekly R1 at 142.06
[12:10] {Threei}  SPY is horrendously overstretched here
[12:11] {nemo} well, just above this is r3 so the probability of going much further is low, but the market ate up the bad news this morning
[12:12] {dino} meli sm l .28 trig
[12:12] {Threei} Short Setup: FCX  .10 break half lot
[12:12] {Threei}  if stays below .20
[12:14] {dino} out mos .80, +.30
[12:15] {Threei}  JPM Said to have been sued by Ambac over Bear Sterns MBS
[12:15] {Threei}  out of the three, I would have hard time choosing who to take out and shoot
[12:16] {thomcbell} invn could make a case for short setup 19.03 break if holding 19.16
[12:16] {dino} save to b/e
[12:17] {nemo} avp might be long here
[12:17] {Threei}  39 is a strong support for FCX,
[12:17] {nemo} just frickin lunch time
[12:17] {Threei}  but to me it makes it all more tempting to try for the break
[12:17] {Threei}  will partial and hold half for 39 break
[12:18] {Les} 3/15 min macd are lined up for the break
[12:18] {Threei}  if you feel likle playing it safe, take a scalp around 1:1
[12:18] {Threei}  but honestly, with all the fat we accumulated in the morning, it�s worth to try and hold
[12:19] {Threei}  if some of pofit from this particular one evaporates, so what
[12:22] {thomcbell} invn invalidated 
[12:22] {thomcbell} man been on the wrong side of this idea all day long 
[12:22] {nemo} 1/2 out avp .15
[12:22] {thomcbell} but somehow winning 
[12:22] {nemo} I think it goes to .50-.65 area
[12:23] {Threei}  I know how tbell
[12:23] {Threei}  correctly structured setups tend to invalidate if you get the direction wrong
[12:24] {Threei}  so you simply remain on a sideline on wrong ones, why make money on the right ones
[12:24] {Threei}  had you just jumped in whenever you think you got an idea, you�d get killed,
[12:24] {Threei}  but playing right structure with triggers and invalidation levels, you stay safe
[12:25] {dino} save to .72
[12:25] {Threei}  no dino... I won�t live that long, I will need to start spending earlier
[12:26] {dino} lol
[12:26] {dino} cov save slip, .76, +.07
[12:27] {Threei}  no go FCX
[12:27] {Threei}  look at volume spike
[12:28] {Les} yeh setup changed very quickly
[12:29] {dino} ugh! save, hits stop and drops .20
[12:29] {nemo} stop on avp .19
[12:31] {nemo} taking another 1/4 here at .51
[12:32] {nemo} holding for vwap at .70 area
[12:32] {Threei}  (US) Fed's Pianalto: Current monetary policy stance still best suited to meet dual objectives; removing accomodation could risk disinflation and may hurt economic momentum- Comments that providing more easing could risk price stability objective; seeing more evidence that economic expansion is becoming more self sustained with promising economic data
[12:34] {Les} gold miners coming down
[12:35] {nemo} spy at trend
[12:44] {rambler} FCX ready short Vad...break .30?
[12:45] {Threei}  it really should be... but this is what failed last time around
[12:48] {_sniper} I am in the web-based mibbit chat room and don't see where I can have sound alerts for trade calls. I was wondering if the Mirc portal has sound alerts for trade calls. Thanks in advance.
[12:49] {Threei}  in mirc you can configure them
[12:49] {Threei}  so it gives you a sound when a call is made
[12:49] {_sniper} ok, that is good... thank you
[12:50] {Les} s dia .54 stop above .60 potential dt
[12:53] {Les} nope
[12:55] {nemo} forming C&H on AVP, I'm still in
[12:56] {nemo} O
[12:57] {nemo} I'm out under .45
[12:59] {Les} nice break
[13:00] {nemo} Yeah, not sure how much more it has in it
[13:02] {nemo} I'm out if it drops .55
[13:03] {Les} what news AVP?
[13:03] {nemo} it's on CNBC right now
[13:03] {nemo} I'm holding
[13:04] {Threei}  rejected buyout offer
[13:08] {nemo} stop is .59
[13:09] {nemo} I took .69 figure it's poetic ;)
[13:09] {Threei}  lol
[13:10] {nemo} yeah, time for it to turn around ;)
[13:10] {Les} nasty
[13:10] {Threei}  it�s nemo�s middle name
[13:10] {nemo} actually might keep going
[13:10] {nemo} yep
[13:10] {Threei}  ne nasty mo
[13:11] {nemo} wow, 
[13:11] {nemo} it kinda worked
[13:11] {nemo} touched my stop, let's see if it stays above
[13:13] {Les} faded it for .10
[13:13] {nemo} i totalled .74
[13:14] {Les} yeh nice haul. remember looking at it at yer entr
[13:14] {Les} y
[13:15] {Threei}  lol... you guys like a pack of volwes spotted a weak bison
[13:15] {nemo} ?
[13:15] {Threei}  wolves too
[13:15] {Threei}  biting pieces off of it
[13:15] {Threei}  long, short, 70 cents here, 10 cents there
[13:16] {nemo} I took the higher low off the  the 38% retracement
[13:16] {Les}
[13:16] {Les} tasted blood. I want some more...
[13:17] {Threei}  lol
[13:17] {dptl} lol
[13:17] {Les} I see negative MACD crossover signal on DIA getting stronger. Rinsed me before hitting 1:1
[13:17] {Les} right nemo, was question I was wanting to ask you
[13:18] {Les} entrfy on avp
[13:18] {Threei}  Vampire in a bad need of AA meeting: I tasted blood of a sober person... ewwww
[13:18] {nemo} I just told you
[13:18] {Les} yeeeep
[13:19] {nemo} bidu might bounce 140ish, vwap there
[13:19] {Threei}  (US) Fed's Pianalto: Fiscal policy in the US is on an unsustainable path
[13:20] {nemo} sina boucne here!!!
[13:20] {Threei}  and sun rises on east, pianato
[13:20] {Threei}  although I am unfair to him... kudos for saying it out loud
[13:21] {Threei}  what a sad state of affairs when we feel like praising someone for stating the obvious
[13:21] {Threei}  FCX short starts looking better
[13:21] {Threei}  rambler
[13:21] {Threei}  one you asked about
[13:21] {rambler} I see..
[13:22] {nemo} took samm .05 in Sina
[13:22] {nemo} small
[13:22] {Les} ditto
[13:22] {Threei}  stop under .90?
[13:23] {nemo} yeah
[13:23] {Threei}  or .85
[13:23] {nemo} under that low
[13:23] {nemo} vwap is .84
[13:24] {rambler} in FCX s .29
[13:30] {Les} bidu bounce at vwap
[13:30] {Threei}  another solar bites the dust
[13:30] {Threei}
[13:31] {nemo} mmmhhhh....I'm getting bored with this
[13:35] {nemo} oy, looked like that might happen, .80 is s1, probably should have waited
[13:40] {Threei}  SPY is crazy-glued to 140
[13:40] {Threei}  142
[13:42] {nemo} it's crazy glued to the Weekly R1
[13:43] {Les} miners back to vwap gdx slw etc
[13:44] {Threei}  Strong earthquake felt in Mexico city
[13:44] {nemo} gdx loooks good here
[13:45] {nemo} took .32
[13:45] {Les} out fcx flat. putting me to sleep
[13:45] {nemo} give it under vwap
[13:49] {Threei}  wait... you mean the rest of the time you trade wide awake?
[13:50] {Threei}  I need to try that...
[13:50] {Les} nah got my boy pressing the buttons to buy and sell now
[13:51] {Les} not exactly an algorithm driven black box, more like a computer game addicted chatter box
[13:51] {Les} tna breaking
[13:57] {nemo} iwm taking over the lead for spy
[13:58] {nemo} I'm getting bored with this gdx trade
[13:58] {Les} I'm out flat
[13:59] {Les} gdx and gld inching towards short setups. but both dead
[13:59] {Les} gdx
[14:18] {dino} sina sm l .20
[14:23] {Les} nice entrya on sina
[14:24] {dino} ty
[14:24] {Les} long SLW on break of .80
[14:27] {Les} s fcx .28
[14:28] {Les} stop .32
[14:30] {Les} half out .32
[14:30] {Les} .ee
[14:30] {Les} .22 sheesh
[14:30] {Threei}  fiiiiinaally
[14:30] {Threei}  can�t believe how long it took
[14:30] {Les} might be scalp only
[14:31] {Threei}  over an hour for 9 cents profit, lol
[14:31] {Threei}  I was still in from 1:24 entry
[14:31] {Les} ah ok lol
[14:32] {Threei}  all this time it was bobbing in the waves
[14:34] {Les} crap forgot slw
[14:35] {Les}
[14:36] {Les} this guy and market action putting me to sleep
[14:40] {Les} 2nd half out flat
[14:40] {Threei}  jeez Les
[14:40] {Threei}  there goes my chancr to ever wake up
[14:40] {Les} paul's music working well on me tonight
[14:49] {_sniper} .
[14:50] {dino} ..
[14:50] {Les} "..
[14:53] {_sniper} It appears that if I dont type something after some time I get booted from the room...thus the "."  ;)
[14:53] {Les} I'm bored
[14:55] {Threei}  SPY is locked within 20 centsd for 3 hours
[14:55] {nemo} this is r3 but iwm broke the range
[14:55] {Threei}  short of hiring a group of hila dancers, I don�t know how to keeo you entertained
[14:55] {Threei}  hula
[14:56] {Les} that's ok, I've found vid of senator defending JOBS bill. That's enough entertainment
[14:59] {Threei}  American scientists have drawn up blueprints for next generation of nuclear-powered drones capable of staying aloft for months without refueling - UK Guardian
[14:59] {Threei}  great
[14:59] {Les} oh yeh. I want one
[14:59] {Les}
[14:59] {Threei}  flying nuclear reactor
[14:59] {Threei}  armed too
[15:00] {Les} Bill Black: JOBS bill takes mortgage market fraud and puts it in equity market
[15:00] {Les} looks like a lot more garbage is about to be IPO'd
[15:00] {Threei}  who read Watchbird by Robert Sheckley, reminds you anything?
[15:01] {Les} don't know it
[15:01] {Threei}
[15:27] {nemo} rig bounce area
[15:28] {Threei}  I like it
[15:28] {nemo} got a roof on it .65 area
[15:29] {dptl} got to go ....have a good one all....see ya tomorrow
[15:29] {Threei}  take care dp
[15:30] {Threei}  RIG forms double bottom
[15:30] {nemo} yeah
[15:30] {Threei}  .50 break trigger if holding .40
[15:31] {nemo} I might go aggressive
[15:31] {nemo} nope
[15:31] {Threei}  not if losing .40
[15:31] {nemo} that was my only thought, after big run in indexes, profit taking
[15:32] {dino} mitk drop
[15:32] {nemo} iwm might form db here
[15:33] {Threei}  {ITK
[15:33] {Threei}  Mitek Systems, Inc Hearing weakness attributed to chatter circulating of possible intellectual property lawsuit filed against the company
[15:33] {Threei}  MITK
[15:43] {Threei} Long Setup:  SLW  .70 break
[15:43] {Threei}  if stays above ,65
[15:51] {Beau} vad ignore 64 and play again
[15:51] {Threei}  getting late for a trade to resolve itself...
[15:52] {Threei}  chart is still valid
[15:52] {Threei}  time is concern
[15:53] {Threei}  ok, now or never
[15:53] {Threei}  never, Raven sdays
[15:54] {Threei}  -d
[15:54] {sciborg} nah   Not gonan make it
[15:54] {Threei}  no
[15:54] {Threei}  ok guys, decent start to a week
[15:54] {Threei}  thank you all
[15:54] {Threei}  have a great evening, see you tomnorrow
[15:54] {sciborg} Thanks
[15:57] {rambler} cu tomorrow...
[16:00] {dino} gn all