Somewhat hectic day with a lot of rinses, invalidations and little follow through. A few worked nicely in the morning and at the end of the day, with midday being mostly pain in the everywhere. Depending on what trades you've got and which you've missed, you'd be from slightly negative to flat for the day.
Session Time: Tue Apr 03 00:00:00 2012
[08:54] {Threei} - European shares were in negative territory for the second straight session ahead of US factory orders data due out in the NY morning. Trading is expected to be sideways for the remainder of the week as markets head into Easter holidays.
[09:00] {_sniper} GM
[09:01] {Threei} morning sniper
[09:05] {nemo} hey sniper, what u use?
[09:06] {dino} gm
[09:06] {Threei} dino :)
[09:07] {_sniper} I use buy and sell orders ;)
[09:07] {Les} :)
[09:08] {Les} I think fish boy aka gun nut is referring to your handle name
[09:10] {nemo} awww, Les u know me so well
[09:10] {nemo} ahhh...the buzzard is in
[09:12] {_sniper} I realize that that is what he referred to and my reply still stands that the gun I use is buy and sell orders :)
[09:15] {MigC} good morning
[09:16] {Threei} migc :)
[09:17] {Beau} good morning you all
[09:17] {Threei} beau :)
[09:22] {dino} sniper, thought we called that a turret?
[09:24] {dptl} morning all
[09:24] {Threei} dp :)
[09:25] {Threei} so far, feels like repetition of yesterday:
[09:25] {Threei} pullback, then climb resumption
[09:26] {Threei} unless numbers change the mood
[09:26] {rambler} gm
[09:26] {Threei} rambler :)
[09:27] {_sniper} got booted again from the room...so just seeing your comment now dino... :)
[09:27] {Threei} FCX again is one of stronger ones
[09:29] {dino} you can tell spring is arriving, have to wgere a hat for a.m. trading to keep sun out of my eyes
[09:29] {dino} wear
[09:30] {Threei} lol
[09:31] {Threei} FCX two-sided, .10 - .20
[09:31] {Threei} half lot
[09:32] {Threei} Long Setup: LVS .10 break
[09:32] {Threei} half lot too
[09:32] {Threei} if stays above .95
[09:33] {Threei} FCX 1:1
[09:33] {Threei} 1:2, out
[09:34] {Threei} LVS tighten to .99
[09:35] {dino} bio
[09:35] {Threei} Long Setup: FCX 38 break
[09:35] {Threei} if holding above .90
[09:35] {Threei} LVS 1:1
[09:35] {Threei} 1:2, out
[09:36] {Les} nice one. sold too early
[09:36] {Threei} 39 that was for FCX of course
[09:37] {Threei} it�s valid
[09:37] {Threei} target 1:3 if triggers
[09:38] {Threei} let�s change to .90 break
[09:38] {Threei} if stays above .85
[09:38] {Threei} tighet stop, aggressive entry
[09:39] {nemo} numbers at 10
[09:39] {Threei} 20 min
[09:39] {Threei} no go
[09:39] {_juanco} good morning
[09:39] {Threei} juanco :)
[09:40] {Threei} missed couple good ones
[09:40] {_juanco} :-(
[09:40] {Threei} set your alarm clock right, will ya
[09:40] {_juanco} lol
[09:40] {Threei} SLW, watching for reversal to long
[09:41] {Threei} just to make you feel remorseful... see LVS spike from .10 to ,.45? that was one of our opening plays
[09:41] {_juanco} good one
[09:42] {thomcbell} my copliments vad
[09:42] {Threei} ty
[09:42] {Threei} Long Setup: SLW .25 break
[09:42] {Threei} if stays above .15
[09:43] {Threei} target 1:2
[09:44] {Les} rig
[09:44] {Threei} after .30 break trail stop to .19
[09:44] {Threei} there
[09:44] {Threei} 1:1, half out
[09:45] {Threei} but keep stop at .19 for now
[09:45] {Threei} and trail to .24 after .35 break
[09:46] {Threei} FCX rinsed our second entry
[09:47] {Threei} (US) Mar ISM New York: 67.4 v 63.1 prior
[09:47] {Threei} scalpers win on SLW
[09:48] {Les} 50% fib support here on slw
[09:49] {dino} meli sm l ave .25
[09:49] {Threei} CAT
[09:49] {Threei} watching for long
[09:49] {Threei} need pullback under .60
[09:49] {_lylyhif} anyone that speaks dutch?
[09:50] {nemo} German
[09:50] {Threei} (US) Preview: Feb Factory Orders expected at 10:00ET ** Consensus expectations at +1.5%e v -1.0% prior
[09:50] {nemo} Yo Cipher! Sprichst du Niederlandischer?
[09:51] {Threei} please don�t
[09:52] {Threei} also, X, long candidate
[09:52] {Threei} Long Setup: X .90 break
[09:52] {Threei} if holding above .80
[09:52] {Threei} numbers time is close so keep trades to half lot
[09:53] {Threei} Long Setup: CAT .60 break
[09:53] {_lylyhif} ich sprache niederlandsh
[09:53] {Threei} if stays above .50
[09:54] {Threei} change X trigger to .85
[09:54] {thomcbell} long setup sbac 50.01 break
[09:54] {Threei} and invalidation to .75
[09:54] {Threei} CAT 1:1
[09:55] {cipher} out cat thx
[09:55] {Threei} yw
[09:56] {thomcbell} stop is 49.84 on sbac
[09:58] {Threei} X managed to drag it out almot into numbers time
[09:58] {thomcbell} sbac not a scalp for me -
[10:00] {Threei} *(US) FEB FACTORY ORDERS: 1.3% V 1.5%E
[10:00] {Threei} no go X
[10:03] {Threei} (EU) Euro zone institutes IFO, INSEE and INSTAT believe that euro zone Q3 GDP will be +0.1%
[10:03] {Threei} rinse... don�t you hate it
[10:03] {thomcbell} long setup tel - 36.93 break if holding 36.83
[10:05] {thomcbell} sbac could do another entry here at 50.11 break if holding 50
[10:06] {Threei} Long Setup: FCX .80 break
[10:06] {Threei} if stays above ,70
[10:06] {Threei} target 1:3
[10:08] {Threei} 1:1
[10:09] {Threei} stop to .75 for the balance
[10:09] {Threei} 6% Rate Congress� Job Performance As Good or Excellent
[10:11] {thomcbell} i added to sbac long with stop to break even
[10:11] {thomcbell} target 50.65
[10:12] {Threei} Long Setup: SLW .50 break
[10:12] {Threei} FCX, scalpers win
[10:14] {Threei} SLW invalidated for now
[10:16] {Threei} no news for this SPY drop
[10:16] {dino} turnaround tuesday
[10:18] {Threei} Long Setup: TZA .20 break
[10:18] {Threei} if stays above .15
[10:19] {Threei} target .35
[10:19] {Threei} two partials
[10:19] {thomcbell} tel out -0.10
[10:19] {Threei} wanted FAZ at .45, darn thing jumped over it like crazy anthelope
[10:23] {Threei} no go
[10:24] {nemo} death by 1000 cuts likely until Fed
[10:29] {Threei} it�s just minutes of FOMC
[10:30] {Threei} Long Setup: RIG .90 break if stays above .80
[10:31] {Threei} VVUS takeover chatter
[10:32] {Threei} RIG is aggressive entry for 55 break
[10:34] {Threei} invalidated but looking for different trigger
[10:37] {Threei} Long Setup: RIG .75 break if stays above .65
[10:41] {rambler} missed
[10:41] {Threei} 1:1
[10:41] {sciborg} argg I missed it
[10:41] {Beau} yea blew past it
[10:41] {Threei} oh well
[10:42] {Threei} next bus is around the corner
[10:42] {cipher} gmcr l .32
[10:42] {thomcbell} sbac stop to 50.07 due to time
[10:42] {rambler} my buses all in reverse this morening...
[10:43] {thomcbell} still like it for mre than a scalp - but do not want profit to turn into a loss
[10:47] {nemo} safer to treat everything conservativel until the FOMC minutes
[10:52] {dino} meli to .30
[10:54] {dino} out meli .37, +1.12
[10:55] {rambler} gj dino...that makes your day..
[10:55] {thomcbell} oh come on already sbac
[10:55] {thomcbell} vad 2x4 please
[10:55] {dino} thx
[10:56] {Threei} hmmm... I just decided to swear off violence
[10:56] {nemo} faint
06[10:56] * Threei kicks SBAC in the rear
[10:56] {dino} vsm s bio .00 pulp and gappy moves
[10:57] {Threei} (just when I think I am out, they pull me back in)
[10:57] {nemo} in a frickin' uke accent no less
[10:57] {Threei} :)
[10:57] {thomcbell} sold 1/4 sbac at 50.19
[10:58] {Threei} you know what you get when you cross italian mafiosi with russian one, right?
[10:58] {cipher} out gmcr .49 +.17
[10:59] {dino} gj
[11:01] {nemo} urbn
[11:05] {dino} finl sm l .90
[11:05] {Threei} RIG pullback goes a bit too deep
[11:05] {Threei} let it dive under .50, then look for entry
[11:05] {nemo} ahhh Putin?
[11:05] {rambler} SIGA L .38
[11:06] {Threei} either .50 recross or .45
[11:06] {Threei} nemo?
[11:06] {thomcbell} isold another 1/4 sbac at 50.15
[11:06] {thomcbell} looking for an entry on cie long
[11:06] {thomcbell} consolidates well
[11:06] {Threei} Long Setup: RIG .45 break
[11:07] {nemo} .39 is S1
[11:07] {Threei} .35 stop
[11:07] {nemo} I'm in
[11:07] {nemo} small
[11:08] {Threei} no go
[11:08] {dino} ypf more blood today, argentine govt takeover rumoras
[11:08] {Beau} sure right ones to enter
[11:08] {nemo} .29 level just before 10
[11:10] {cipher} ypf l .83
[11:11] {thomcbell} sbac flat
[11:16] {_sniper} .
[11:18] {thomcbell} long setup cie 30.74 break half lot
[11:18] {thomcbell} if holding 30.45
[11:18] {thomcbell} too wide to be full position
[11:19] {cipher} aapl . .82
[11:20] {cipher} out .41 +59
[11:20] {rambler} gj cipher
[11:21] {cipher} ty
[11:23] {nemo} I think I'll start drinking
[11:24] {nemo} this might be worth a tna small long here
[11:24] {cipher} aapl l.20
[11:24] {cipher} out .65
[11:26] {dino} you froze ypf
[11:26] {cipher} who did?
[11:27] {andj} .
[11:34] {cipher} ypf
[11:34] {cipher} finally unfrozen
[11:35] {Threei} Short Setup: RIG 54 break
[11:35] {Threei} if stays under .10
[11:37] {rambler} missed rig
[11:37] {cipher} out ypf .03 ave +.20
[11:38] {Threei} 1:1...
[11:38] {Beau} gj cipher
[11:38] {cipher} ty
[11:40] {dino} gj
[11:42] {thomcbell} long setup cie - 30.51 break if holding 30.40 target 1:2
[11:43] {Threei} Short Setup: GS .80 break smallish shares
[11:43] {Threei} if stays under .90
[11:43] {Threei} target .55
[11:44] {Threei} 1:1
[11:48] {Threei} scalpers win
[11:50] {thomcbell} cie 1:1
[12:04] {nemo} gmcr might be short here
[12:08] {rambler} out SIGA flat
[12:08] {dino} gj
[12:11] {Threei} Short Setup: GS .50 break
[12:12] {Threei} if stays under .65
[12:15] {Threei} invalidated
[12:21] {Threei} GS is reestablished
[12:22] {nemo} l tna .11
[12:22] {Threei} feels like a trap to me
[12:23] {nemo} if spy doesn't get above .16 yeah
[12:24] {thomcbell} lvs trading great hrough all this
[12:24] {nemo} 1/2 out .23
[12:25] {Threei} OK, I am not in tune today
[12:25] {nemo} that's what your wife says every day
[12:27] {nemo} 1/4 more ..40
[12:27] {rambler} beauty nemo..
[12:28] {nemo} let the last ride stop currently under .20
[12:29] {nemo} .29
[12:30] {nemo} what? you see a picture of bunny, rambler?
[12:30] {dino} finl won't move, stop to .99
[12:31] {rambler} good shooting, whatever it wads...
[12:31] {rambler} was
[12:31] {nemo} taking typing from Vad I see
[12:32] {Threei} I am proud of every mistype I see in the room
[12:32] {rambler} the theory is :lousy typer=good trader...
[12:32] {nemo} out
[12:32] {rambler} not working out today for me...lol
[12:33] {Threei} nothing works out EVERY day
[12:33] {nemo} bunny does
[12:33] {Threei} it�s a game of odds...
[12:49] {nemo} mmmhhh spy above .25 and gmcr break of .00
[12:50] {Threei} Long Setup: TNA .40 break
[12:51] {nemo} vwap .42
[12:51] {nemo} o.k. gmcr not moving, looking for possible short under .90
[13:32] {Threei} ok, do we get a nice huicy breakdown today or not?
[13:32] {Threei} because if we do, I want FAZ .60 break
[13:33] {Threei} with stop under .55
[13:33] {Threei} and target 1:3
[13:33] {Threei} who is for breakdown?
[13:34] {sciborg} Lets do it
[13:34] {nemo} looks long to me
[13:34] {nemo} not faz, but the markets
[13:34] {Threei} then we will get invalidation
[13:34] {rambler} break down or up...just break...
[13:34] {Threei} and FAS will be in play instead
[13:35] {Threei} so, one of two:
[13:35] {Threei} Long Setup: FAZ .60 break if stays above .55
[13:35] {Threei} or
[13:35] {_sniper} agree Nemo
[13:35] {Threei} Long Setup: FAS .50 break if stays above .35
[13:36] {Threei} now, if one of them triggers, gets stopped, then another does the same - it�s just one of those days when you better stayed in bed
[13:38] {Threei} ok, FAS it is
[13:38] {Threei} target .95
[13:39] {Threei} 5 partials
[13:39] {Threei} 3
[13:39] {Threei} lol
[13:39] {Threei} nope
[13:39] {sciborg} dang
[13:40] {dino} finl stop .99, +.09
[13:40] {_sniper} little short term diamond formation on IWM since like 11:30am est
[13:40] {sciborg} got stopped out quick on that none
[13:40] {sciborg} whats next
[13:40] {sciborg} lol
[13:40] {nemo} what timeframe marksman?
[13:40] {_sniper} 2 min
[13:41] {Threei} no clear direction
[13:43] {Threei} market still feels down to me
[13:43] {_sniper} so 11:38am & 12:10 were lower lows while 11:56 & 12:28 were higher highs, but then price has converged since
[13:43] {dino} evep drop
[13:44] {nemo} iwm pivot is 83.35
[13:44] {nemo} spy has strong support 140.60-70 area with pivot at 141.46
[13:46] {nemo} LINE
[13:51] {_sniper} test
[13:51] {nemo} fail
[13:52] {Threei} no breakdown
[13:52] {Threei} so, why did FAS feel like shaking us out before going up?
[13:52] {Threei} grrr
[13:52] {_sniper} fish a funny guy eh
[13:52] {nemo} I'm not a fish
[13:53] {nemo} I'm not a crazy submarine captain either
[13:53] {_sniper} are u a marksman?
[13:53] {Threei} he is a mad captain of submarine
[13:53] {nemo} crissakes, Nobody read the Illiad and the Oddysey?
[13:53] {Threei} look at FAS hitting target
[13:54] {nemo} heheheh, buy the Ffffnnnn dip!
[13:54] {Threei} if I were as smart yesterday as some are today
[13:54] {nemo} you wouldn't have gotten married
[13:54] {Threei} well... yeah
[13:55] {Threei} one rinse too early on FAS
[13:56] {nemo} GS remarkably week
[13:56] {Threei} unless we find three wins in a row, this looks to become first losing day in two weeks
[13:58] {nemo} geez, what's wrong Vad...?
[13:58] {Threei} where?
[13:58] {nemo} you need to get a bunny
[13:58] {Threei} with what?
[13:59] {Threei} hmmm
[13:59] {Threei} unless it�s a playboy bunny...
[13:59] {nemo} wow toss the woman and children overboard
[13:59] {Threei} *(US) MINUTES OF THE MAR 13 FOMC MEETING: MOST PARTICIPANTS SAW LITTLE EVIDENCE OF COST PRESSURES, LABOR CONDITIONS HAVE IMPROVED
[13:59] {_sniper} lol yep
[14:00] {sciborg} SPY tanking
[14:00] {Threei} - Sees no need to ease further unless conditions worsen - The information reviewed at the March 13 meeting suggested that economic activity was expanding moderately. Labor market conditions continued to improve and the unemployment rate declined further, although it remained elevated. Overall consumer price inflation was relatively subdued in recent months. More recently, prices of crude oil and gasoline increased substantially. Measures of long-run inflation expectations remained stable
[14:01] {Threei} this is it: - Sees no need to ease further unless conditions worsen
[14:01] {Threei} market addicted to QE feels immediately sick
[14:04] {Threei} meanwhile the really serious news:
[14:04] {Threei} US immigration officials still pursuing deportation of President Obama's uncle - Boston Globe's
[14:05] {dptl} got to go...see ya tomorrow all
[14:06] {nemo} iwm bounced at WPP corresponded to S1 on SPY
[14:14] {Threei} Spot Gold Spot gold falls over $20/oz below $1,656 following FOMC minutes
[14:14] {Threei} Long Setup: CAT .80 break
[14:14] {Threei} hl
[14:15] {Threei} stop under .70
[14:15] {Threei} target 1:3
[14:17] {Threei} 1:1
[14:17] {Threei} stop to .75 for balance
[14:18] {nemo} tza I think
[14:19] {Threei} stop to .79
[14:20] {Threei} 2 cents to 1:2... shrug
[14:20] {Threei} FB Facebook is said to be countersuing Yahoo, claiming Yahoo infringes on Facebook's patents - financial press
[14:21] {Threei} ah, corporate fun
[14:23] {Threei} No QE for you! says QE nazi, and market drops
[14:24] {Threei} tells you clearly what this rally was based on, doesn�t it?
[14:24] {Threei} Long Setup: SLW 33 break
[14:24] {Threei} if stays above .90
[14:25] {Threei} if loses it, look for double bottom
[14:26] {Threei} Long Setup: LVS .55 break
[14:26] {dino} sm l pwrd
[14:26] {dino} .30
[14:27] {Threei} SLW invalidated but on radar
[14:29] {rambler} was long SLW at .92 out -.09
[14:29] {rambler} all red today for me.....done ..cya tomorrow..
[14:30] {Threei} take care rambler
[14:31] {dino} cya rambler
[14:32] {Threei} LVS is holding very well
[14:36] {Threei} Long Setup: SLW .75 break
[14:36] {Threei} if stays above .65
[14:39] {Threei} sigh
[14:39] {Threei} I don�t like today
[14:39] {nemo} market is selling off just broke wpp on spy
[14:39] {Threei} I noticed
[14:39] {nemo} longs out
[14:40] {nemo} might be support at .30 in spy
[14:40] {nemo} we're at 50% retracement on iwm recent low
[14:44] {nemo} indexes looking long now
[14:45] {Threei} problem is not so much in direction today as in absence of follow through on valid setups
[14:45] {Threei} look how many rinses and invalidations
[14:47] {_johnle} first day trading with u guys, all negatives just hope its a bad day
[14:48] {Threei} first in two weeks
[14:48] {nemo} yep, that's it
[14:48] {Threei} but hey... ALL negatives??
[14:48] {nemo} you shoulda been here when the market was dying in the fall of 2008
[14:48] {Threei} you misunderstand alerts then, there were quite a few wins
[14:48] {nemo} hehehehe....2months without a losing day
[14:49] {Threei} make sure you read How trading room operates
[14:50] {_johnle} when you setup SLW long what price are u taking? i might have misunderstand
[14:50] {Threei} http://www.realitytrader.com/tradingroom/
[14:50] {Threei} scroll down to
[14:50] {Threei} How trading room operates
[14:50] {Threei} then look through the alerts,
[14:51] {Threei} every tome youy see �1:1� etc, this is already a winning trade
[14:51] {Threei} you can�t lose on it unless you mismanage it
[14:52] {thomcbell} long setup TEL 36.31 break if hlding 36.22
[14:55] {Threei} Long Setup: SLW .60 break
[14:55] {Threei} stop is obvious
[14:56] {Threei} target 1:3
[14:56] {nemo} btw -johnle, this was a Fed Day after a huge break up, so tought day to trade
[14:59] {Les} what are we in?
[14:59] {Threei} SLW
[15:00] {Les} long .60?
[15:00] {Threei} yeah
[15:03] {Threei} come on SLW, push
[15:03] {Threei} you can do it
[15:04] {Threei} 1:1m first partial
[15:04] {_sniper} 1:1 on that one
[15:04] {Les} you a midwife when you're not trading vad?
[15:04] {Threei} scalpers are out
[15:04] {Threei} nemo, slap him wioth something heavy pls
[15:04] {Threei} I am too busy right now, I�ll owe you
[15:04] {_pepiolas} whats the stop in SLW?
[15:04] {Beau} took and gratful
[15:04] {Threei} original was at .50, now is trailed to .59
[15:05] {Beau} grateful huh thankful
[15:05] {Threei} johnle... see now how the trade is managed?
[15:05] {_pepiolas} nice, i like that, but thats not posted...excusi, first day
[15:05] {Les} took another quarter here
[15:07] {Les} I see uncle buck is getting his lazy butt up here
[15:08] {Les} what news for all this red futures?
[15:08] {thomcbell} TEL not valid here but im there
[15:08] {thomcbell} should have been invalidated on the break of 36.20
[15:09] {thomcbell} im long it with 36.21 stop
[15:10] {Threei} FOMC minutes Les
[15:10] {Les} market didn't like it i take it
[15:10] {Threei} said no need for QE for the time being
[15:10] {Les} sell the news
[15:11] {thomcbell} should have been invalidated on the break of 36.20
[15:11] {thomcbell} TEL
[15:11] {thomcbell} but im long 36.31 with 36.21 stop
[15:13] {dino} took awhile, but cov bio .08, +.92
[15:14] {Les} all out .79 ty sir
[15:14] {Threei} 1:2, second partial out
[15:14] {Threei} welcome
[15:14] {Threei} stop to .69 for the last part
[15:14] {_sniper} out .84s
[15:15] {Threei} look at 1 min
[15:15] {Threei} perfect reversal setup
[15:15] {Les} fcx .50 break?
[15:15] {Threei} yet this kind of things worked so-so today
[15:15] {Threei} FCX, np
[15:15] {Threei} no
[15:16] {Threei} sharp spike into resistance
[15:16] {Les} ok
[15:19] {nemo} sniper hit anything yet?
[15:20] {Threei} johnle... you here?
[15:20] {_pepiolas} is the stop usually 10 cents?
[15:20] {_sniper} Nemo - 15:15 _sniper out .84s
[15:20] {nemo} .10-.15
[15:20] {nemo} wow
[15:20] {Threei} not always, but for the most part we try to pick trades where chart allows for such stop
[15:20] {_pepiolas} k, if diefferent, u ll make a note?
[15:21] {nemo} yes
[15:21] {_pepiolas} great. thanks
[15:22] {dino} seems covered bio too soon
[15:22] {_johnle} yea
[15:23] {Threei} getting the trade structure and logic of m,anagrement?
[15:23] {nemo} and how vad spells...
[15:23] {Threei} pepiolas, please go to http://www.realitytrader.com/tradingroom/,
[15:23] {Threei} scroll down to How trading room operates
[15:23] {Threei} see how alerts work andf how to �follow them
[15:23] {_johnle} yea
[15:24] {Les} CAT looking for new lows
[15:25] {_pepiolas} got it
[15:25] {_pepiolas} last question, how many stocks do u usually trade at the same time???
[15:25] {_pepiolas} so i cant figure allocation
[15:25] {Threei} no more than 2
[15:25] {_pepiolas} nice...grazie
[15:25] {Threei} and most often just one
[15:25] {Threei} they move fast enough usually
[15:26] {_pepiolas} is good, so i risk like 100-150 bucks per trade...i like that
[15:26] {Threei} right
[15:27] {Threei} some slippage can occur of cpourse but that�s the reality of trading
[15:27] {Threei} we avoid too thin stocks that can cause bad damage
[15:27] {Threei} and if they appear, shares are cut down
[15:28] {dino} bpt spike
[15:28] {nemo} yeah, just be careful about following dino
[15:28] {_pepiolas} i am lookig for income so i dont want to make big gains, just 5-8% on 100k
[15:28] {Threei} PCAR
[15:28] {Threei} Paccar Inc Hearing weakness attributed to chatter circulating that Class 8 truck figures may not be as good as expected
[15:29] {Les} CAT is puking here 106 break?
[15:29] {Les} needs to hold here
[15:33] {Threei} let CAT frop and form double bottom
[15:33] {nemo} mmmhhh...you stop drinking?
[15:33] {Les} who? me or vad?
[15:34] {nemo} Vad
[15:34] {Les} that's ok then
[15:34] {nemo} I know ur sucking on the bottle
[15:34] {nemo} but do you have to put that nipple on it?
[15:34] {Les} tastes like mama made it
[15:35] {nemo} I'm having bad visuals
[15:35] {Les} good
[15:36] {nemo} o.k. iwm bottomed at the 50% retracement of 23rd low and 27 high
[15:36] {nemo} spy spent 5 minutes under the WPP
[15:36] {nemo} looks like it wants the vwap
[15:39] {Threei} now FCX is a candidate
[15:39] {Threei} Long Setup: FCX .90 break
[15:39] {Threei} stop under .80
[15:39] {Les} ?
[15:39] {nemo} ?
[15:39] {nemo} what stock
[15:39] {Threei} grrr
[15:39] {Threei} CAT
[15:40] {nemo} it's not grrr, then, it's meow
[15:40] {Threei} still valid
[15:40] {Threei} lol
[15:40] {Threei} it�s a bigf cat
[15:40] {Threei} it makes grrr
[15:40] {_sniper} lol
[15:41] {nemo} I'm thinking just slosh into the close
[15:41] {Threei} was following the comment to Les, but in the meantime was looking at FCX too
[15:41] {Threei} so mixed the two
[15:41] {nemo} yeah, Les will do that to you
[15:41] {Threei} 1:1
[15:41] {Threei} half out
[15:42] {Threei} scalpers get out
[15:42] {nemo} I wouldn't do anything but scalp now
[15:42] {Les} messy day. yeh scalp baby scalp
[15:42] {Beau} thanks vad scalp is good
[15:43] {Threei} cool beans
[15:43] {nemo} fcx forming nice bear flag for tomorrow
[15:44] {Threei} somewhat hectic day
[15:45] {Threei} be out of CAT here if you held any
[15:46] {nemo} spy at vwap
[15:46] {dino} 4 of last 5 tuesdays have been down
[15:46] {Threei} it still has upside but last minutes jerkiness can bring unpleasant surprises
[15:46] {Les} SLW break of .70?
[15:46] {Threei} nah, leave it be
[15:46] {dino} and 5 of last 6 mondays up
[15:46] {Les} ok
[15:46] {nemo} don't like it Les after gold goct WHACKED
[15:47] {Les} 3 min turning up, but yeh it ain't moving with confidence
[15:48] {dino} so, i guess my turnaround tuesday call is playing out over the last 5 weeks
[15:49] {dino} 5 of last 6 wednesdays down (s/p)
[15:49] {nemo} this'll be a weird week too
[15:50] {dino} thursdays and fridays mostly up
[15:50] {Threei} no friday this week
[15:58] {dino} thx and gn all
[15:58] {Threei} thank you all
[15:58] {Threei} have a good evening, see you tomorrow
[15:58] {Les} cheers
[15:58] {dino} out pwrd .28, -.02
[16:03] {_sniper} ty, GN
