Wednesday, April 11, 2012

Apr 11 2012

Positive day but somewhat tiresome afternoon, as market went into very slow more with no patterns. Catch of the Day, FCX short for 1:3. Have a look at daily chart - nothing but air under it, especially after losing yesterday's low which happened to be our 1:1 for this trade. Played it by the book with three partials and stop trails

Session Time: Wed Apr 11 00:00:00 2012
[09:05] {dptl} morning
[09:05] {Threei}  morning dp
[09:08] {Threei}  - Italy Treasury stated that the return of the sovereign crisis affected today's auction and led to higher rates
[09:09] {Threei}  return?
[09:09] {Threei}  meaning it went somewheree at some point?
[09:09] {dino} gm
[09:09] {Threei}  dino :)
[09:09] {dino} i suppose its all the speculators fault
[09:10] {Threei}  no doubt... so is eartquake in Indonesia and tornadoes
[09:18] {Beau} good morning you all
[09:18] {Threei}  Beau :)
[09:18] {Threei}  where on earth such gap comes from
[09:18] {nemo} oversold bounce on AA optimism
[09:18] {MigC}  good morning
[09:18] {Threei}  migc :)
[09:19] {Threei}  AA results, yeah, but is it such a biggie in a big picture
[09:19] {Threei}  I doubt it
[09:19] {Threei}  my view is, it's goung to be sold inti
[09:21] {ese} morning......will not have time to do any trading this morning because of Nashville preparations but wanted to say hello
[09:21] {Threei}  ese :)
[09:22] {ese} morning vad
[09:23] {rambler} gm...
[09:23] {ese} busiest year of my teaching life....been fun.......right after we get back from Nashville we host a group from Ottawa for a week
[09:23] {Threei}  rambler :)
[09:23] {ese} rambler
[09:23] {dino} have fun ese
[09:24] {ese} have a couple of weeks to go before we get there but preps have been intense
[09:24] {ese} how far away are you from Nashville dino?
[09:24] {dino} 800 miles +
[09:25] {dino} i'm in pennsylvania
[09:25] {ese} ahhhh.....well.....won't invite ya dn then
[09:25] {dino} unfortunately, no
[09:25] {thomcbell} i know nashville well - i'm a vanderbilt grad 
[09:25] {thomcbell} good town
[09:26] {Threei}  (ES) Spain Fin Min: Spread between Spain and German 10-year bonds over 400 basis points presents funding problems for Spain
[09:26] {ese} thats what I looking forward to it
[09:26] {Threei}  want to sit out first minutes, then look for short entries
[09:27] {Threei}  General Motors Corp Reports of injuries at a factory following an explosion and fire of lithium battery at a technology center in Warren, Michigan
[09:28] {Threei}  same battery which made crash dummies refuse to climb in GM electric car I guess
[09:29] {ese} what was that battery company that was based out here on the west coast years ago vad...did it go belly up ...or was it bought out
[09:29] {Threei}  AONE
[09:29] {Threei}  look its price
[09:29] {Threei}  you mean BLDPF ese
[09:30] {ese} ya thats the one
[09:30] {Threei}  it's practically out of fuel cell car business
[09:30] {ese} whats the company name
[09:30] {ese} AONE .97
[09:30] {Threei}  Ballard Power
[09:31] {ese} ahhhhhh....ya thats it
[09:31] {Threei}  FCX
[09:31] {rambler} that would be Ballard I'm thinking ese...
[09:31] {Threei}  watch for bounce to short
[09:31] {ese} tks rambler
[09:31] {Threei}  between .90 and 37
[09:33] {cipher} aapl l.86
[09:34] {cipher} out .40 +.54
[09:34] {Threei}  wtg
[09:35] {cipher} thx, too soon 
[09:35] {dino} gj
[09:37] {Threei} Short Setup: FCX  .75 break
[09:37] {Threei}  stop above .85
[09:38] {Threei}  no go
[09:38] {dino} ffiv?
[09:39] {Threei}  I don't have news for it
[09:40] {dino} channels sales pushing all i see
[09:42] {Threei}  what's with these spikes
[09:43] {Threei}  FCX rinse
[09:44] {Threei} Long Setup:  FCX  .45 break
[09:44] {Threei}  sorry
[09:44] {Threei}  wrong symbol
[09:44] {Threei}  never mind
[09:45] {Threei} Long Setup:  LVS  .50 break
[09:45] {Threei}  if holding .40
[09:45] {Threei}  great FCX... that's what you were supposed to do last time
[09:46] {Threei} Long Setup:  FCX  .55 break
[09:46] {Threei}  if holds above .45
[09:47] {Threei}  LVS, change trigger to .40 break
[09:47] {Threei}  FCX is valid again
[09:49] {Threei}  not working
[09:50] {Threei}  SPY another red bar
[09:50] {Threei}  LVS target 1:2
[09:52] {_pepiolas} what stop in lvs
[09:52] {Threei}  originally under .30
[09:53] {_pepiolas} thanks
[09:53] {Threei}  now that it touched 1:1, trail to .34
[09:53] {nemo} lvs looking short
[09:55] {Threei} Long Setup:  X  .65 break
[09:56] {Threei}  scalpers win LVS
[09:56] {Threei}  X, if stas above .55
[09:57] {Threei} Long Setup:  MO  .40 break
[09:59] {nemo} small tna .71
[09:59] {Threei}  ummm
[09:59] {Threei}  good luck getting that fill
[09:59] {rambler} wow...
[10:00] {Threei}  see if poulls back for secondary entry
[10:00] {Threei}  X 1:1
[10:00] {nemo} 1/2 .85
[10:00] {Threei}  1:2, out
[10:01] {nemo} 1/4 more .00
[10:01] {nemo} whoa
[10:01] {nemo} stop .79
[10:02] {Threei}  in MO
[10:02] {Threei}  stop .34
[10:03] {Threei}  nice one on TNA
[10:03] {nemo} DB off of pivot..doesn't get any better
[10:03] {nemo} everything lined up
[10:04] {Threei}  that MO spike is another demonstration why you never use market orders on breakout setups
[10:04] {Threei}  you's get filled where you need to start exiting
[10:04] {nemo} spy riding convergence area of 50 sma, weekly support 
[10:05] {rambler} got some MO
[10:06] {nemo} out under the whole
[10:06] {Threei}  sheesh SPY
[10:08] {nemo} out .11
[10:13] {Threei} Long Setup:  DRI  .85 break
[10:14] {Threei}  if stays above .75
[10:15] {thomcbell} dont forget the failed pattern on that dri too Vad
[10:16] {Threei}  invalidated
[10:16] {thomcbell} tough for that one to keep going all day 
[10:16] {Threei}  not sure it's a short
[10:16] {Threei}  hard to tell
[10:16] {nemo} guess I got out of tna early
[10:17] {nemo} fslr
[10:17] {thomcbell} short setup dri 49.69 break if holding 49.83 
[10:18] {Threei} Long Setup:  X  .90 break
[10:18] {Threei}  if stays above .80
[10:19] {Threei}  not a scalp, should do 1:3
[10:21] {thomcbell} keeping my eye on lvs if it drifts back to pivot at 58.81
[10:21] {Threei}  change X trigger to .80 break
[10:22] {Threei}  .74 stop
[10:24] {thomcbell} dri no go - looks like a long right here
[10:24] {Threei}  want to partial closer to .90
[10:24] {Threei}  and hold the balance for a break
[10:26] {Threei}  MO
[10:26] {Threei}  decide between taking a scalp and partialing
[10:26] {Threei}  I personally want to try and partial
[10:26] {nemo} scalp
[10:26] {Threei}  and see if we get .50 break
[10:27] {Threei}  SPY feels to me like last pullback before the explosion
[10:27] {Threei}  X half out
[10:27] {Beau} will slo-mo ever make 1:1?
[10:27] {Threei}  well, technically it did
[10:28] {Threei}  our stop on conservative entry was .34
[10:28] {Threei}  ok X
[10:28] {Threei}  give is real rally, will ya
[10:29] {Threei}  1/4 more out
[10:30] {Threei}  missed final exit near .10
[10:30] {Threei}  stop .89 now
[10:31] {Threei}  told ya X was capable of nice move
[10:31] {nemo} well, that was the pull back...rally back on Alcoa gave people hope
[10:31] {dino} from yesterday out stx .24, +.44
[10:31] {Threei}  I see it other way around...
[10:31] {Threei}  Alcoa is bs hope, real force is Europe crisis returning with vengeance
[10:32] {Threei}  anyone played X??
[10:32] {Beau} yes scalped
[10:32] {dino} understand europe issue, but most may simply think it gores as greece did
[10:32] {dino} goes
[10:33] {rambler} got X  tks V
[10:33] {Threei}  well, Spain is not Greece... even biggest optimists must understand that
[10:33] {Threei}  welcome guys
[10:33] {Threei}  although who knows
[10:34] {Threei}  never underestimate power of denial
[10:34] {dino} yes, agreed. but most are clueless. plus, can the euro let them default after saving geece (for a year)?
[10:34] {dino} i think they go to the printing presses again
[10:34] {Threei}  gosh... we are talking real money this time
[10:34] {Threei}  I can't believe they'd be able to push it through
[10:35] {dino} sure, but politicians main job is to save their jobs
[10:35] {nemo} this world is so screwed
[10:35] {Threei}  not to serve to voters???
[10:35] {nemo} 2012 here we come
[10:35] {dino} instead of usa qe2, it will be euro qe 2
[10:35] {Threei}  oops... sorry, I need to stop drinking
[10:36] {dino} lol, but be real, politicians only care about getting re-elected
[10:36] {dino} imo, the europeans will not let the banks collaspe
[10:36] {nemo} then us will have to add qe to keep the $ from running up too much against the euro
[10:36] {nemo} which will allow them to keep blowing out the deficit
[10:37] {dino} i don't see that happening, as euro qe2 will spur usa anyway imo. as for deficit, best we can hope is for the automatic cuts after election
[10:38] {nemo} those cuts amount to nothing except in defense
[10:38] {dino} out yesterdayss' meli .53, +2.28
[10:38] {nemo} they just cut the rate of spending increases in other programs...defense the only true cuts
[10:39] {dino} first we need a new president nemo. w/o that, we are screwed
[10:39] {nemo} they are all pieces of doesn't matter
[10:39] {nemo} collapse of Empire, as natural as the rain
[10:40] {dino} well, definite w/obamination. rommney may be able to get some change (stress "may")
[10:40] {nemo} Romney was my governor...two faced ASSHOLE
[10:40] {nemo} frickin' vacuum cleaner salesman
[10:41] {dino} what is obama then? worse pres. we've ever had imo. but enough of this.
[10:41] {nemo} [10:41] {nemo} they are all pieces of doesn't matter
[10:41] {nemo} [10:41] {nemo} collapse of Empire, as natural as the rain
[10:41] {Threei}  MO dtop is .38 at this point
[10:41] {Threei}  stop
[10:43] {Threei}  isn't it amazing how SPY makes these sharp moves with no news lately?
[10:44] {Threei}  RIG
[10:45] {nemo} IWM and SPY were bottoming from about noon yesterday, look at chart on 15 minute, oversold bounce with Alcoa providing hope
[10:45] {Threei} Long Setup:  RIG  .10 break
[10:45] {Threei}  stop under .50
[10:46] {Threei}  target 1:2
[10:46] {Threei}  1:1
[10:48] {Threei}  done with MO
[10:52] {Threei}  RIG target hit, out
[10:52] {rambler} out RIG  tks V
[10:53] {Threei}  :)
[10:53] {Threei}  day becomes brighter
[10:57] {Threei} Short Setup: JCP  34 break
[10:58] {Threei}  if stays under .05
[10:58] {Threei}  just a scalp, look to cover closer to .90
[11:05] {Threei}  selling pressure slowly takes over
[11:06] {Threei} Short Setup: FCX  .35 break
[11:06] {Threei}  if stays below .45
[11:10] {Threei}  look daily
[11:10] {Threei}  nothing but air under it
[11:11] {Threei}  I'll try for 1:3
[11:12] {Threei}  yesterday's low .25, exactly our 1:1
[11:12] {Threei}  if loses it, panic should strike
[11:13] {Threei}  1:1
[11:14] {Threei}  playing by the book, half out and stop to .36
[11:14] {Threei}  scalpers know what to do
[11:16] {Threei}  am I here?
[11:16] {dptl} yep
[11:18] {Threei}  SPY loss of 137.10 should seal thr fate of FCX
[11:19] {dino} cover fcx +.12 thx vad
[11:19] {Threei}  :)
[11:19] {Threei}  here comes the bri... err, FCX
[11:20] {nemo} spy looks like bounce
[11:22] {nemo} vwap tna .28 might want to throw in a little bid with tight stop around .30 area
[11:22] {nemo} eh, didn't make it
[11:24] {rambler} got  }!@ out of FCX   tks V
[11:24] {rambler} .12
[11:24] {rambler} lol
[11:24] {Threei}  lol
[11:24] {Threei}  welcome
[11:25] {rambler} s . amaze myself..Iesometim
[11:25] {rambler} my trading skills improve along with typing...
[11:27] {nemo} gave the stink bid opportunity
[11:28] {Threei}  Bomb threat forces Korean passenger jet to land at Vancouver Island
[11:29] {Threei}  I didn't know there is enough island to land such a jet
[11:31] {Threei}  between me, ese and rambler, there is barely room left for a couple stores and bars... and we still have to accomodate dptl when he visits
[11:31] {rambler} he can stay on my boat...
[11:32] {Threei}  he can but you don't want him to
[11:32] {rambler} lol
[11:32] {dptl} :)
[11:33] {Threei}  you took TNA nemo?
[11:33] {nemo} .35
[11:33] {Threei}  very nice
[11:34] {nemo} don't think it goes much farther, think .25 lid on spy
[11:34] {nemo} hate these big gaps
[11:35] {nemo} aol should have been a short forgot about that one
[11:35] {dptl} got to go...see ya tomorrow
[11:35] {Threei}  take care dp
[11:36] {nemo} frickin' teeth pulling today
[11:43] {Threei}  1:2 baby
[11:43] {Threei}  patience pays
[11:43] {Threei}  stop to .26 for the last part
[11:44] {nemo} watch aapl, seems to be the market
[11:45] {Threei}  1:3
[11:45] {Threei}  over and out
[11:49] {Threei}  so... no one kept it to the victorious end?
[11:49] {rambler} jammed out...
[11:53] {Threei}  visual:
[11:55] {nemo} l tna .31
[11:56] {nemo} small lunch
[11:56] {nemo} out
[11:56] {nemo} spy dropped
[11:57] {Threei}  you know what would be immensely cool?
[11:58] {Threei}  if we closed gap today
[11:58] {Threei}  that would set a tone for entire earnings season: drop on days with lacklustre earnings, gap and selloff on days with good ones
[12:03] {nemo} gotta' wonder who bought aol yesterday
[12:04] {Threei}  and why
[12:04] {nemo} yeah
[12:04] {Threei}  AOL is so 90s
[12:05] {Threei}  so it had some patents
[12:05] {Threei}  and sold them
[12:05] {Threei}  what's going to sustain thrm for thr future?
[12:06] {nemo} Ariana Huffington
[12:06] {Threei}  not delighted
[12:23] {Beau} those who love to pay taxes, any downside to M to M?
[12:31] {dino} nflx drop
[12:33] {Threei}  beau, try thid link
[12:33] {Threei}
[12:33] {Threei}  you'll see some help there
[12:34] {Beau} thanks 
[12:42] {Threei}  pains me to do but
[12:42] {Threei} Long Setup:  AOL  .20 break
[12:42] {Threei}  if stays above .10
[12:52] {Threei}  1:1 is close enough for exit or partial
[12:52] {Threei}  your choice, I have no preference here
[12:52] {rambler} missed..
[12:53] {sciborg} got it out +.08
[12:53] {Threei}  cool... takes a sting out of that yesterdays unlusky fill
[12:53] {Threei}  unlucky
[12:54] {Threei}  I felt upset about it
[12:54] {sciborg} itw asnt your fault
[12:54] {sciborg} it was mine
[12:55] {sciborg} I getting it back mtoday :)
[12:55] {Threei}  doesn't prevent me from feeling bad about loss exceeding pre-planned
[13:21] {rambler} MO at .16 again...
[13:22] {Threei}  it starts looking like breakdown to me rambler
[13:22] {rambler} keeps knocking at the door...
[13:23] {Threei} Short Setup: MO  .15 break
[13:23] {Threei}  let's nmake it official :)
[13:24] {rambler} in..
[13:25] {Threei}  stop .21 for hard core scalpes
[13:25] {Threei}  .26 for sane traders
[13:25] {Threei}  if there uis such creature
[13:25] {sciborg} in
[13:25] {Threei}  although scientists say sane trader is like platypus
[13:26] {nemo} cat looking short
[13:27] {dino} stuck in tight range after that gap open
[13:27] {nemo} don't like it..not much room to the whole
[13:28] {nemo} spy about to bounce a bit
[13:30] {nemo} spy topped at 50 sma, IWM wending around monthly S1
[13:31] {Threei}  (EU) George Soros: The EU's fiscal compact will not work as currently structured, could cause a deflationary debt trap- The euro remains broken and needs to be fixed.
[13:32] {Threei}  hate to agree with Soros on anything, but in this case I have to
[13:32] {Threei}  no, wait... I disagree. It can't be fixed. It needs to be buried
[13:32] {nemo} fcx might be a short again
[13:33] {_pepiolas} so for example in you woulb be in at .13
[13:33] {Threei}  in what?
[13:33] {_pepiolas} in MO i meant 
[13:33] {_pepiolas} lol
[13:33] {Threei}  .14
[13:33] {_pepiolas} sometimes u get slippage?
[13:34] {Threei}  .15 break, you send order to short at .13, but it's thick and slow enough for your order to get filled at .14
[13:34] {Threei}  in case of a bit more liquid stock, yes
[13:34] {Threei}  in this particular one, no slippage
[13:41] {sciborg} ouch
[13:42] {Threei}  gosh...
[13:43] {Threei}  I am retiring from calling plays... 30 cents wins are met with grave silence, 6 cents stops with screams of pain
[13:43] {sciborg} lol
[13:43] {sciborg} I keep missing the wins
[13:43] {sciborg} I got to get my timing right
[13:43] {sciborg} its ok..I getting there
[13:43] {nemo} it's the .02 slippage that brings it to .08 that kills
[13:43] {sciborg} I still in on this one
[13:43] {sciborg} its gonan be a winner :)
[13:44] {andj} You're doing great Vad!
[13:46] {nemo} you're shoulder all right vad?
[13:47] {nemo} cat might be setting up for a break here
[13:48] {nemo} beige book coming
[13:48] {Threei}  who was it yesterday proclaiming hatred for lunchtime breaks
06[13:49] * Threei slaps nemo around a bit with a memory span of a fish
[13:49] {nemo} I do, just saying it might, looking at 15 minutes...breaks are like taking point on the squad
[13:49] {nemo} first to get shot
[13:49] {nemo} watching Iowa Eagle's nest
[13:50] {nemo} good vantage point, don't think they can shit on the camera
[13:51] {nemo} wonder if I can get bunny to watch the eagles
[13:55] {nemo} sheesh JCP recovered all of last two days
[13:57] {Threei}  their CEO left yesterday
[13:57] {Threei}  so stock went up... must be very boosting for his ego
[13:57] {nemo} thought that was BBY
[13:57] {Threei}  JC Penney Company Inc (Holding Co) CFO Michael Dastugue resigns; effective April 13
[13:57] {Threei}  CFO
[13:59] {Threei}  *(US) FEB MONTHLY BUDGET STATEMENT: -$198.2B V -$196BE- Receipts: $171.2B v $150.9B y/y - Outlays: $369.3B v $339.05B y/y
[14:02] {Threei}  beidge book is not being well receieved
[14:02] {Threei}  maybe they need some bolder cokor... beige is so passe
[14:02] {Threei}  color
[14:05] {Threei}  take a look at this:
[14:05] {Threei}  NYSE volume 390M shares, about 4% below its three-month average; advancers lead decliners by 3.5:1. - NASDAQ volume 915M shares, about 16% below its three-month average; advancers lead decliners by 3.6:1.
[14:06] {_pepiolas} and mo sleeping
[14:06] {Threei}  so volume was pathetic on a greenish day, insreased sharply yesterday during selloff, and went down again today on up day
[14:06] {Threei}  tells you something?
[14:06] {nemo} what's so funny about the bitching about volume, is it's getting back to where it was before the feces hit the ventilator in 2007...they're making such a big deal about it
[14:08] {Threei}  yeah, I have no problems with that at all
[14:08] {Threei}  also, a kl,ot of commentators miss the redistribution of volume between NYSE and NASDAQ
[14:08] {Threei}  NYSE used to have much higher share of volume
[14:09] {Threei}  now it's about 1/3 of NASDAQ
[14:09] {Threei}  but many still look at NYSE only and whine about volume disappearance
[14:09] {nemo} Vad Decorah bald eagle nest
[14:10] {Threei} Long Setup:  FAZ  .62
[14:11] {Threei}  stop .57
[14:11] {Threei}  very tight
[14:13] {Threei}  out
[14:17] {nemo} bidu might be short
[14:20] {Threei}  market is pretty much frozen
[14:23] {Threei}  T. Boone Pickens: Have to believe we are approaching a bottom in natural gas prices
[14:23] {Threei}  of course he says that for the last three years
[14:31] {Threei}  keeping an eye on CVH
[14:31] {Threei}  for short into bounce
[14:32] {Threei}  FAZ rinsed our entry... scoundrel
[14:33] {Threei}  I kind of asked for it by placing the stop this tight... tradition .54 placement would have worked
[14:34] {andj} no worries Vad
[14:35] {Threei}  (GR) Polls ahead of Greece elections show PASOK with 14.5%, New Democracy with 19% of popular support ahead of May 6th elections - financial press
[14:35] {Threei}  - NOTE: A report in FT earlier in the week also suggesting opinion polls see PASOK/New Democracy generate more than 40%; 50% said to be critical to maintaining reform process.
[14:35] {Threei}  - That feature also indicating majority of voters are backing about 5-6 small opposition parties that oppose fiscal reform.
[14:36] {Threei}  hmmm... if those small parties form coalition government, I guess all those agreements with EU are out of the window
[14:37] {Threei}  CVN, if goes above .75, it will become short trigger on recross
[14:37] {Threei} Short Setup: CVH  .75 break
[14:37] {nemo} 50 sma at .75
[14:38] {Threei}  if stays under .80
[14:42] {nemo} eagle is sqwacking, bunny went running
[14:42] {dino} lol
[14:42] {nemo} must be genetic disposition, she hasn't been outside since we brought her home
[14:43] {Threei}  everything moves like comatose one-legged snail in molasses
[14:44] {nemo} ahhhh, vad....
[14:44] {nemo} snails don't have legs
[14:44] {Threei}  no?
[14:44] {Threei}  well... botany is not my strongest suit {G}
[14:45] {nemo} so, sinsemilla wouldn't register?
[14:45] {Threei}  CVH, let's try to take first partial closer to .65
[14:47] {Threei}  I'd have to guess it's a cousing of chinchilla
[14:47] {Threei}  cousin
[14:47] {nemo}
[14:47] {Threei}  who in turn ins a cousin of chihuahua
[14:48] {nemo} you watch Brutus
[14:49] {Threei}  Brutus... this story won't end well
[14:49] {nemo} not ides of March, the bear
[14:49] {Threei}  lol
[14:49] {Threei}  yes
[14:49] {nemo} see Thanksgiving dinner?
[14:50] {Threei}  no...
[14:50] {nemo} look up Brutus Bear Thanksgiving 
[14:50] {Threei}  et tu brutus will be Casey's last words...
[14:50] {nemo} hehehe
[14:50] {nemo} it's about time for the PPT to let it go here, like tza long?
[14:50] {Threei}  can't tell
[14:51] {Threei}  no pattern in the market
[14:51] {nemo} like Vodka?
[14:51] {nemo} I think it's time for one of my nephew's percosets and a glass of wine
[14:51] {Threei}  there was a very public story in USSR, sometime in 70s I think... with family raising a lion in city apartment
[14:52] {Threei}  best friends
[14:52] {Threei}  lion acted in many movies
[14:52] {nemo} yeah, well this is the middle of nowhere in Montana
[14:52] {Threei}  until one day he remembered he was a lion, not a domestic cat
[14:52] {nemo} and he was hungry
[14:54] {Threei}  The famous Baku-based Berberov clan kept lions in their apartment. The Berberovs� lion, named King, starred in several movies, including the popular comedy �The Unbelievable Adventures of Italians in Russia�. King was fatally shot by then-police lieutenant and now Duma deputy Alexander Gurov after attacking a teenager in Moscow.
[14:54] {Threei}  The family adopted another lion, King II, who became a cautionary tale when he wound up killing a family member back in 1980.
[14:55] {Threei}  see? first was not enough for them
[14:55] {Threei}  Darwinism in action
[14:58] {rambler} back....short CVH..
[14:59] {nemo} crissakes this action is harder to read then women
[14:59] {Threei}  with the way these waves go up and down without any determination, I start regretting not taking 1:1 scalp
[14:59] {nemo} it looked long to me actually
[14:59] {Threei}  at .69?
[15:00] {nemo} yeah and then when it came back to .69 divergences where even stronger
[15:01] {Threei}  I feel it just goes up and down with SPY
[15:01] {nemo} except that the bottom is right at the 50 sma
[15:01] {Threei}  and being generally weaker than the market overall, it's a short canddiate rather than bounce
[15:02] {nemo} that's what makes a market
[15:03] {Threei}  blabbing about bears and lions during boring times? yup
[15:03] {nemo} eagles and bunnies
[15:04] {Threei}  bears and lions anfd bunnies, oh my...
[15:04] {nemo} she's got teeth
[15:12] {nemo} tza might be worth a try
[15:13] {nemo} yeah, thought they might break spy lows
[15:13] {nemo} but this might be a jerk around
[15:14] {nemo} mmmmhhhhh, I've got lint in my belly button
[15:14] {Threei}  (EU) ECB's Knot: Spain is the biggest problem in the Eurozone; Easing market pressure has led to Spain stalling on some of its reforms
[15:20] {Threei}  gosh... die alreasdy CVH!
[15:24] {nemo} violence vad
[15:25] {Threei}  it tested that .69 for the third time
[15:26] {nemo} yeah, so it got to 69 and turned around
[15:26] {nemo} makes perfect sense
[15:26] {Threei}  I don't think I';ve ever worked this hard for 5 cents
[15:27] {rambler} confession....already sold half at .70
[15:29] {nemo} say 10 hail Marys and 7 Our Fathers, throw in an Act of Contrition or two
[15:29] {Threei}  rofl
[15:29] {rambler} lol..
[15:29] {nemo} stay away from the altar boys
[15:29] {rambler} gonna drop now...
[15:30] {rambler} or not
[15:30] {nemo} I expect spy to head back towards vwap same with IWM
[15:46] {Threei} Long Setup:  FAZ  .85
[15:47] {Threei}  last scalp
[15:47] {Threei}  will work if SPY loses 136.80
[15:48] {Threei}  taking aggressively
[15:49] {Threei}  in .81
[15:49] {Threei}  .75 stop
[15:53] {Threei}  nah
[15:53] {Threei}  SPY decided to finish with spike up instead
[15:54] {andj} By Vad..chin up:)
[15:54] {Threei}  shrug
[15:54] {Threei}  it'as still positive day
[15:54] {andj} yes
[15:54] {andj} thanks
[15:54] {Threei}  just tiresome afternoon
[15:54] {Threei}  too much seesawing
[15:55] {andj} it's early...have a drink
[15:55] {Threei}  overall, market feels weak and tired to me
[15:55] {andj} talk to you soon
[15:55] {Threei}  thank you all, have a good evening
[15:55] {Threei}  see you tomorrow
[15:56] {rambler} thanks all, cu tomorrow...