Tuesday, April 17, 2012

Apr 17 2012

Another laborious day, with a few exciting plays though - FSLR short for 70 cents, something else for 1:3. Wasn't your walk in the park day, this slow climb is to conducive environment for day traders. Had also quite an adrenalin rush at the close when one of members missed the bell by a few seconds, and we had to maneuver through Level 2 games to get him out. Good old times of Level 2, LOL. Still a skill to apply sometimes, as it turns out. 

Session Time: Tue Apr 17 00:00:00 2012
[07:59] {_bobwi} good morning
[08:42] {Threei}  morning bob
[08:50] {Threei}  *(US) MAR HOUSING STARTS: 654K V 705KE (lowest since Oct 2011); BUILDING PERMITS: 747K V 710KE (highest since Oct 2008)- Prior housing starts revised lower from 698K to 694K - Prior building permits revised lower from 717K to 715K
[09:05] {Threei}  (DE) German Fin Min Schaeuble: Spain is delivering on its promises; Spain is not a a candidate for an aid package, and its fundamental data is not similar to the countries getting bailouts
[09:06] {dptl} good morning
[09:06] {Threei}  dp :)
[09:07] {Threei}  US) Obama to request Congress provide CFTC authority to incrtease margin requirements in oil futures
[09:07] {Threei}  - Requests 6 fold increase in funding for CFTC surveillance of oil futures
[09:07] {nemo} that'll make a big difference
[09:08] {Threei}  USO certainly doesn't think it will
[09:14] {Beau} good morning you all
[09:14] {Threei}  beau :)
[09:14] {Les} morning
[09:14] {Threei}  les :)
[09:14] {Threei}  *(US) MAR INDUSTRIAL PRODUCTION: 0.0% V 0.3%E; CAPACITY UTILIZATION: 78.6% V 78.5%E
[09:18] {dino} gm
[09:18] {Threei}  dino :)
[09:20] {Threei}  bad housing starts, good permits - what a poor confused market to do
[09:21] {Threei}  right, ignore it all and focus on Spain... where latest auction went decently, so we gap up
[09:25] {ese} gm
[09:25] {Threei}  ese :)
[09:27] {Threei}  waiting out first few minutes
[09:27] {Threei}  no clear play at the moment
[09:28] {Threei}  the day is long, and we find plays throughout it
[09:29] {Threei}  one thought for the future:
[09:29] {Threei}  notice significant run in GS pre-market, and look how meekly JPM acts
[09:29] {Threei}  I'd think JPM is a good short candidate down the road when market gets tired
[09:32] {Threei}  .60 is support to break if stays under .70
[09:32] {Les} fcx getting ahead of itself here R1 is .51
[09:32] {Threei}  doesn't so far, but on radar
[09:33] {Les} ooh yeh
[09:33] {Threei} Short Setup: JPM  .65 break if stays under .75
[09:35] {Threei} Long Setup:  FCX  .30 break hl
[09:35] {Threei}  if holding .20
[09:36] {Threei}  JPM valid
[09:36] {Threei}  1:1
[09:38] {dino} sprd sm l .52
[09:40] {Threei}  FCX no worky
[09:40] {Threei}  JPM 1:2, out
[09:41] {ese} L sprd .50
[09:42] {Threei}  a bit too soon on JPM
[09:42] {ese} hmmmm just noticed you dino....in as well
[09:44] {_gabbayo} thanks on JPM
[09:44] {Threei}  welcome
[09:45] {Threei}  watching RIG for short into bounce
[09:45] {ese} target dino?
[09:46] {Threei} Short Setup: RIG  .10 break hl
[09:46] {Threei}  if styas under .20
[09:46] {dino} sprd to b/e, stuck
[09:46] {Threei}  target 1:2
[09:47] {ese} if the spyders head up dino it's goin up....got a target?
[09:48] {Threei}  no go RIG
[09:49] {dino} 15
[09:50] {ese} ok...was lookin at .90
[09:51] {Threei} Short Setup: RIG  .50 break hl
[09:51] {Threei}  if stays under .60
[09:51] {ese} sprd stop .43
[09:53] {Threei}  1:1, half out
[09:53] {Threei}  stop .51
[09:54] {ese} there we go........by George Benson " Ease on Down Ease on Down the Rooooooaaad now"
[09:55] {ese} sprd to b/e .50
[09:56] {dino} lol
[09:56] {dino} to .70
[09:57] {ese} with ya...to .70
[09:58] {Threei} Short Setup: X  .90 break
[09:58] {Threei}  hl
[09:58] {dino} out +.20
[09:58] {Threei}  if stays under 29 of course
[09:58] {Threei}  invalidated
[09:58] {ese} daaaaaaa...hmmmmm that was ok  filled me at .72
[09:58] {ese} +.22
[09:58] {_gabbayo} what is hl ?
[09:59] {Threei}  half lot
[09:59] {thomcbell} lvs looking for double bottom entry 
[09:59] {_gabbayo} thanks
[09:59] {ese} tks dino for the reminder...forgot about that one from yesterday
[09:59] {Threei} Short Setup: FCX  .35 break
[09:59] {Threei}  if stays under .45
[10:00] {Threei}  (EU) Germany requesting IMF firewall be similar to that of the EMU firewall in efforts to signal the EMU is not alone in efforts to increase firewall
[10:00] {Threei}  right
[10:00] {Threei}  two firewalls is better than one firewall
[10:01] {dino} np buddy
[10:02] {Threei}  FCX target 1:2
[10:02] {Threei}  why didn't we just change X trigger to 29
[10:02] {_soccer34k} So by your alert you shorted FCX when it broke 37.35?
[10:02] {Threei}  right
[10:02] {dino} met s .69
[10:02] {Threei}  with stop above .45
[10:03] {Threei}  although at this point I'd trail it to .41
[10:03] {Threei}  held too well while SPY dropped
[10:04] {Threei}  out
[10:04] {_soccer34k} ok thanks-so even though you say "short set-up" you might not enter the trade unless it breaks .35 for example, right? 
[10:04] {ese} daa....look at that thing dino
[10:04] {Threei}  alerts indicates both trigger and stop for a trade
[10:04] {dino} met stop -.12
[10:05] {dptl} stopped fcx
[10:05] {Threei}  http://www.realitytrader.com/tradingroom/, scroll down to How Trading Room Operates
[10:05] {_soccer34k} thank you
[10:05] {Threei}  sure
[10:06] {Threei}  listless up and down so far
[10:07] {dino} clne l .31
[10:07] {Threei} Long Setup:  JPM  .50 break if holding .40
[10:07] {ese} soccer......follow vad into the depths of hell.....you'll be fine
[10:08] {Threei}  lol
[10:08] {ese} failing that.....drinking with Nemo and Les is the alternative
[10:08] {ese} and dp........he's got the glass AK47 filled with vodka
[10:09] {Threei}  if this one doesn't work, switching to reversal setups only
[10:09] {dptl} in jpm
[10:09] {ese} in .50
[10:10] {sciborg} in .52
[10:10] {Threei}  looks good for 1:3 to me... needs a little help by SPY
[10:11] {Threei}  1:1, first partial
[10:11] {ese} out 1/2 jpm .56
[10:11] {dptl} half out
[10:11] {Threei}  .56?
[10:11] {Threei}  man
[10:11] {ese} +.06
[10:12] {Threei}  you are superduperextrascalper, aren't you :)
[10:12] {ese} am in a hurry 
[10:12] {dino} rgld sm l .39
[10:12] {Threei}  ah, I see :)
[10:12] {ese} have to leave soon
[10:12] {Les} RIG 49
[10:12] {dptl} stop to under .45?
[10:12] {sciborg} out half .59
[10:12] {Threei}  stop .49
[10:13] {Threei}  play by the book
[10:13] {ese} out in full .59 +.09 cya all......choir concert this morning....catch ya tomorrow
[10:13] {Threei}  this is not a creative trade, it's a cookie-cutter
[10:13] {Threei}  take care ese
[10:13] {ese} cya vad
[10:13] {dino} cya ese
[10:15] {Threei}  nice doji
[10:15] {Threei}  next .60 break should launch next leg
[10:16] {dino} rgld stop to .69
[10:16] {Threei}  here we go
[10:17] {dino} out rgld .79, +.40
[10:17] {Threei}  wtg
[10:17] {cipher} +.36 rgld thx dino
[10:17] {dino} nice
[10:18] {Threei}  1:2
[10:18] {sciborg} very nice
[10:18] {Threei}  1/4 more out, stop to .55
[10:18] {dptl} all out jpm  ty
[10:18] {Threei}  welcome
[10:18] {dino} clne to b/e
[10:19] {Beau} good one vad thx
[10:19] {Threei}  :)
[10:19] {_soccer34k} aall out JMP +.18
[10:19] {Threei}  cool beans
[10:19] {Threei}  am I alone still in it, lol
[10:19] {Les} LVS reversal here?
[10:20] {Threei}  hmmm
[10:20] {Threei}  I don;t like it
[10:20] {Threei}  staying at the low while SPY ramps up as if EU united with China?
[10:20] {Threei}  it's a short
[10:20] {thomcbell} no lvs very much for sale
[10:21] {thomcbell} fcx
[10:21] {Threei}  stop to .59 for the last piece of JPM
[10:21] {Threei} Short Setup: LVS  .15 break hl
[10:22] {Threei}  stop above .25
[10:22] {Threei}  Fiat S.p.A Auto industry group: Ferrari and Maserati sales being hurt by Italy's crackdown on tax evaders - press- Ferrari sales -51.5% and Maserati -70% in Q1.
[10:22] {Threei}  lol
[10:22] {dino} out clne
[10:23] {_mars245} gm threei 
[10:23] {Threei}  so sales of Ferrari and Maserati were driven almost entirely by tax evasion
[10:23] {Threei}  hi mars
[10:23] {Threei}  ok JPM, move
[10:23] {Threei}  last leg
[10:24] {dptl} in lvs short .14
[10:25] {Threei}  half lot dp
[10:25] {dptl} ye
[10:25] {Threei}  setup is valid but it's a bit extended
[10:25] {Threei}  so stay on a safe side
[10:25] {dptl} out
[10:26] {Threei}  wasn't it out of bounds print?
[10:26] {Threei}  Level 2 held .25
[10:26] {Les} out of bounds print?
[10:27] {cipher} I added at .24
[10:27] {Threei}  .27 100 shares print
[10:27] {Les} yeh saw it
[10:27] {dptl} could be ....oh well
[10:27] {Threei}  it's abit shaky trade, no doubt
[10:28] {_mars245} aapl seems to have overhead R @ 595, testing it now ...
[10:28] {Threei}  that's why half lot
[10:28] {Threei}  stopped
[10:29] {Threei}  JPM stop to .65
[10:29] {Threei}  choking it
[10:31] {Threei} Short Setup: X  .30 break
[10:32] {Threei}  if stays under .35
[10:32] {Threei}  very tight stop
[10:32] {Threei}  target .15
[10:33] {Threei}  one partial between .20 and .25
[10:33] {Threei}  another near target
[10:33] {dino} rgld sm l .00
[10:34] {Threei}  SPY is dropping X, are you blind?
[10:34] {Threei}  done with JPM
[10:34] {Threei}  almost started feel like inverstment
[10:38] {Threei} Short Setup: FCX  .90 break
[10:38] {Threei}  if stays under 38
[10:42] {Threei}  I didn't know X was in water torture business
[10:42] {sciborg} lol
[10:43] {Threei}  FCX invalidated
[10:43] {sciborg} FCX gone
[10:44] {_mars245} $gs for now 117 holding tight channel 
[10:44] {Threei}  X stopped
[10:45] {dptl} out x
[10:45] {nemo} trend day up shorts very dangerous
[10:47] {_mars245} deck held that restest low again at 61 pivot 
[10:48] {dino} out rgld .30, +.30
[10:49] {Les} pyjama time. outta here
[10:52] {dino} gs sm l .05
[10:52] {Threei}  frikin LVS
[10:52] {Threei}  look at it
[10:52] {Threei}  right direction, no clear setup
[11:02] {dino} 13060 filled
[11:02] {nemo} monthly pivot on spy is 139ish
[11:06] {Threei}  slow climb
[11:06] {Threei}  hate it
[11:07] {nemo} yeah no entries
[11:07] {Threei}  was thinking of that FCX under 38, would it be a two-sided setup
[11:08] {Threei}  this kind of breaks has trap written all over it
[11:08] {Threei}  yet worked
[11:09] {Threei}  anyway, all I can do in this environment is to mark short candidates and wait for the market to reverse
[11:11] {dino} feeling the same way, these gap and goes are tough on me
[11:13] {Threei} Short Setup: LVS  58 break
[11:13] {Threei}  hl, while market is not clear
[11:14] {Threei}  if stays under .10
[11:15] {Threei}  target 1:2
[11:15] {Threei}  1:1
[11:16] {Threei}  LVS carries flag in front of parade of short candidates
[11:16] {nemo} why .10 as stop?
[11:16] {Threei}  -1 while SPY is +1.70
[11:17] {Threei}  .15 is more defined on the chart... but the way it trades today, if it broke ,10 it would go over .15 too
[11:17] {Threei}  a bit arbitrary adjustment, to control risk better
[11:17] {Threei}  consider it "art" part
[11:18] {nemo} o.k.
[11:21] {thomcbell} long setup - invn 15.11 break if holdings 15 
[11:21] {thomcbell} big offer at 15.10 will run if taken 
[11:23] {Threei}  nice chart
[11:32] {Threei} Short Setup: TSU  .30 break hl
[11:32] {Threei}  if stays under .40
[11:33] {Threei}  stubborn buyer with reserve order at .30
[11:33] {nemo} bastid
[11:33] {Threei}  it gives up, should drop like a rock
[11:34] {sciborg} in .28
[11:34] {thomcbell} lng - to pivot 
[11:34] {Threei}  no support anywhere close on intraday or daily
[11:35] {dptl} not shortable? xmm...you got it Vad?
[11:35] {Threei}  yes
[11:35] {Threei}  limited shares probably
[11:35] {dptl} ye
[11:35] {sciborg} stop at .40 ?
[11:35] {Threei}  just above
[11:37] {thomcbell} asml - looking for a pattern to develop for a long 
[11:38] {thomcbell} would like to see a mini range develop between 49.87 and 49.75 
[11:45] {nemo} lng looks long here but close to lunch
[11:49] {Threei}  take one-legged snail... give it a muscle relaxant and sleeping aid pill... throw it in molasses... and it will move faster than this market
[11:51] {Threei}  did someone trip over a plug and froze the whole market?
[11:55] {_mars245} amzn just testing doubletop 189.60, short scalped once there ...has held 185 well ..goog deserved to be shorted , wlt been bouncer lately just hit R near 66, deck once again held that $61 low reset pivot , fslr giving new shorts fits off $20's 
[11:56] {Threei}  careful shorting AMZN, this thing looks explosive here
[11:56] {sciborg} out TSDU even got bored
[11:56] {sciborg} TSU
[11:57] {Threei}  bored eh... who said trading has to be exciting :)
[11:57] {thomcbell} i am long asml from 49.86 
[11:57] {sciborg} lol
[11:57] {thomcbell} setup was not perfect but ....
[11:58] {sciborg} Obama speaking so I need the buying power for FSLR
[11:58] {Threei}  bore me with profits and I will yawn all the way to the bank
[11:59] {_mars245} lvs double bottom  here 2nd day correction /protaking @ 57.66 like to see it shake more ...
[12:02] {_mars245} fslr reaming newbie shorts here , lol
[12:04] {dino} whr sm l .89
[12:08] {Threei}  FSLR looks ready
[12:08] {Threei}  for reversal on .50 break
[12:09] {Threei}  quite risky one
[12:09] {dino} stop whr
[12:13] {dino} re-load sm l .50
[12:14] {_mars245} lvs did hold that 57.60 tag but not going far  ...almost caught fslr short last pop 23.80  watching , was holding $20's well , amzn made a bid for 190 , goog lite bounce off 610, aapl  carrying things niow they need some good news from IBM /INTC toninght 
[12:15] {dino} out .85 +.35
[12:15] {dino} broke even on the two trades
[12:18] {_mars245} Zzzzzzzzzzz...lol
[12:19] {Threei}  zzzzz is right
[12:19] {Threei}  someone did unplug the market
[12:19] {dino} whr sm l .00
[12:21] {_mars245} sina just held 61 , shorts have covered there 
[12:22] {Threei} Short Setup: FSLR  .50 bream small shares
[12:22] {Threei}  if stays under .65
[12:24] {dptl} IN .47
[12:24] {Threei}  this is a trade sure to get your adrenalin going
[12:24] {dino} out gs .70, +.65
[12:24] {Threei}  risk averse ones better stay away
[12:26] {Threei}  (EU) ECB's Costa: Eurozone fundamentals are strong; are stronger than the US and Japan- Slow response to crisis placed a burden on the ECB
[12:27] {Threei}  I want what this guy is smoking
[12:27] {Threei}  obviously good stuff
[12:27] {dptl} out .30
[12:27] {Threei}  over 1:1 FSLR
[12:27] {dptl} small sh
[12:27] {dptl} ty
[12:27] {Threei}  sure thing
[12:28] {Threei}  cover as you see fit, but leave 100 shares
[12:28] {Threei}  it has a potential to 22.70 or so
[12:28] {_mars245} gs just popped 
[12:28] {sciborg} very nice
[12:28] {Threei}  put .55 stop on it
[12:28] {Threei}  and let it trade
[12:31] {thomcbell} asml 1:1
[12:31] {thomcbell} very small sale 
[12:34] {thomcbell} sold 20%asml
[12:37] {dino} whr to .44
[12:38] {dino} out +.44
[12:38] {Threei}  nice
[12:38] {dino} ty
[12:38] {dino} pulp stock
[12:41] {Threei}  guess what is coming in
[12:41] {Threei}  TSU, lol
[12:41] {sciborg} lol
[12:41] {Threei}  I really feel like an investor today
[12:41] {Threei}  or should I say, inwestor
[12:44] {nemo} I need a tranquilizer, I hate days like this
[12:44] {_mars245} good call on fslr short ...deck just tagging 65+ , lvs did rise again .
[12:44] {_mars245} still pushing cat today 
[12:44] {dino} whr pullback
[12:45] {Threei}  wow... you'd think LVS is somw kind of deity
[12:45] {Threei}  or Phoenix
[12:45] {Threei}  ok... drum roll
[12:46] {_mars245} well it had the intraday bottom .60 ...hate the stock ,lol
[12:46] {Threei}  1h 12 minutes to get 1:1 on TSU
[12:46] {Threei}  lol
[12:46] {Threei}  but I am out and happy to get it off my screen
[12:46] {dino} mako lod
[12:47] {_mars245} give a lvs long a vodka gimlet & glimpse of a $100 hooker & they buy the stock
[12:47] {Threei}  now, if I can get last cover on FSLR around 22.70 - .80, I'll be a happy camper
[12:47] {dino} roflol
[12:47] {Threei}  lol
[12:48] {dino} whr hooker, drop coming imo
[12:50] {_mars245} lvs looking for R 58.40 , next .60 
[12:51] {thomcbell} invn still valid
[12:55] {dino} meli hod
[12:55] {dino} mako sm l .30
[12:55] {dino} meli sm l .00 trig
[12:56] {thomcbell} invn 1:1
[12:56] {dino} gj
[12:58] {_mars245} lvs short .60..a,zn nice fade from 190 
[12:58] {Threei}  die FSLR
[12:59] {dino} mako to flat
[13:00] {dino} to .45
[13:02] {dino} to .50
[13:04] {_mars245} lvs took cover .38 ...quick $120...isrg should be fun tonight , if it pops to 555 or 560 might short it ;)
[13:05] {dino} out mako +.20
[13:06] {dino} meli to flat, pulp
[13:08] {dino} to .34
[13:08] {dino} to .49
[13:08] {Threei}  nice
[13:08] {dino} to .58
[13:09] {dino} out .60, +.60
[13:10] {dino} wow, busy 45 minutes
[13:10] {_mars245} goog just cant get no ...satisfaction ...back to lows
[13:20] {thomcbell} invn stop to 15.08 
[13:20] {dino} whr drop
[13:21] {Threei}  here comes my FSLR
[13:22] {dino} good one vad, i couldn't borrow
[13:22] {Threei}  :(
[13:23] {thomcbell} asml 1:2 
[13:23] {thomcbell} selling another 30% 
[13:23] {Threei}  very nice
[13:23] {Threei}  took time but...
[13:24] {Threei}  out
[13:24] {Threei}  +.80
[13:25] {dino} gj both of you
[13:25] {Threei}  ummm
[13:25] {Threei}  .70
[13:25] {Threei}  my math skills are exceeded only by my typing ones
[13:25] {_mars245} lvs hut the same R at 58.60 ...'
[13:34] {Threei} Short Setup: SLW  .30 break
[13:34] {Threei}  just a scalp most likely
[13:35] {Threei}  aim to cover somewhere between .20 and .25
[13:35] {Threei}  stop .36
[13:36] {dptl} in
[13:41] {thomcbell} asml 1:3 selling another 255
[13:41] {Threei}  SPY new high
[13:51] {dptl} stopped slw
[13:53] {nemo} frickin' algo grindup day
[13:53] {nemo} mck
[13:53] {nemo} sorry
[13:57] {nemo} looks like IWM gonna get daily R3 at 81.60
[13:57] {andj} .
[13:58] {nemo} look at volume today
[13:58] {thomcbell} out asml
[13:58] {dino} gaps still way above, 13196 dji; 2762, 2782 ndx; 1398 s/p
[13:59] {nemo} spy has pretty heavy resistance in the .30 area, but nothing until .80 after that
[13:59] {nemo} IWM has the MPP in the 82 area
[14:00] {nemo} ya know, I'm a raging optimist compared to that guy at Zero Hedge
[14:01] {dino} lol
[14:02] {Threei}  good thing no one (hopefully) trades on his message
[14:03] {Threei}  one would have about 10 accountes destroyed by attempt to short throughout whole 4 years long rally
[14:03] {Threei}  or was it 3
[14:04] {nemo} 3
[14:04] {nemo} cmon vad, you don't even have to take your shoes off for that math
[14:04] {nemo} arithmetic
[14:04] {Threei}  it's not math... it'smemory span
[14:05] {Threei}  do you think moth can tell what happened 3 and what - 4 years ago?
[14:05] {nemo} there's an expected lifespan issue there, dude
[14:06] {nemo} http://finance.yahoo.com/photos/michigan-lotto-winner-charged-welfare-photo-164254303.html;_ylt=Ai_XPWtCPxwlQYHwmlrUc5IFuodG;_ylu=X3oDMTRsdjZhdG0zBG1pdANGaW5hbmNlIE5ldyBSZWxhdGVkIENvbnRlbnQgTmV3BHBrZwMwZGJjNDhlYy0wZTU5LTM1MjUtOTE1OS1mZTJkMjBmYjg2ZmMEcG9zAzEEc2VjA01lZGlhUFJBcnRpY2xlUmVsYXRlZAR2ZXIDOGNmNDUyMDAtODhhYy0xMWUxLWJiYmQtMDc3MmIyMTU2ZDA2;_ylg=X3oDMTJ0cW5nNW5nBGludGwDdXMEbGFuZwNlbi
[14:06] {nemo} 11cwRwc3RhaWQDNGVmYmIwZTctODE4OS0zODBkLTgxNTctNGVhMGM5YzE4NDVlBHBzdGNhdANuZXdzBHB0A3N0b3J5cGFnZQR0ZXN0Aw--;_ylv=3
[14:06] {nemo} whoa...wtf
[14:06] {Threei}  sheesh
[14:06] {Threei}  lol
[14:07] {nemo} she's not even blonde
[14:07] {Threei}  url shorteners, dude
[14:07] {nemo} http://goo.gl/DgrXg
[14:09] {Threei}  culture of entitlement...
[14:11] {dino} crr drop
[14:11] {_supamario910} Maybe she traded with the million dollars and lost it...
[14:17] {Threei}  last hour will bring some movement, just gotta determine which way we are going to trade it
[14:19] {nemo} GS weak
[14:21] {dino} crr, sina, tlt, gld too
[14:21] {dino} whr, mako
[14:25] {nemo} spy at resistance, iwm still has .12 to go
[14:29] {dino} here it comes
[14:30] {nemo} I'm really not seeing momentum weaken either
[14:30] {nemo} this could be another rip coming
[14:32] {Threei}  closer to end of day some profit taking must come, no?
[14:33] {dino} don't know, anything can happen
[14:33] {nemo} yeah, frickin' op ex week
[14:35] {nemo} I'm more in the camp further ursine sodomy today
[14:35] {dino} lol
[14:35] {nemo} speaking of bears...
[14:36] {dino} just to mess w/everybody, watch iopen gap down tomorrow
[14:36] {nemo} http://www.youtube.com/watch?v=0aJJ6tzNrpY
[14:37] {Threei}  question
[14:38] {Threei}  if/when it starts looking like time to short... FAZ or TZA?
[14:40] {dino} whr drop
[14:41] {Beau} would TNA long work about the same?
[14:42] {dino} not for a dropping market
[14:42] {Threei}  well, TNA is for long
[14:42] {Threei}  TZA for short
[14:43] {Threei}  and I can't for the world of me imagine myself going long here at the end of day
[14:43] {dino} or beau, you could short tna. tza is a multi-short
[14:43] {thomcbell} lvs psychotic
[14:43] {Beau} Thanks
[14:43] {thomcbell} what a move back up 
[14:43] {Threei}  usually TNA is not available
[14:44] {Threei}  want to short it - buy TZA
[14:44] {Threei}  it's bipolar tbell
[14:45] {Beau} lol
[14:45] {_mars245} lvs , geez all the way back up , 
[14:46] {dino} whr going all the way back down
[14:46] {Threei}  LVS diagnosis: twilight state of mind darkened by maniac-depressive psychosis
[14:49] {dino} jcp s .59
[14:50] {Threei}  TZA looks better candidate to me
[14:50] {Threei}  let's try and catch pullback
[14:51] {Threei}  entry under .30, with stop under .20
[14:56] {Les} what are we in?
[14:56] {nemo} tink we might bounce here
[14:56] {Threei}  nothing, waiting for TZA pullback
[14:57] {Les} not tna .50 break?
[14:58] {nemo} spy and iwm separating abit
[14:59] {Threei}  don't like TNA
[14:59] {Les} k
[14:59] {Threei}  too much air under it
[14:59] {Les} got some big fat lines of support drawn in by you nemo here with IWM
[15:00] {nemo} iwm is a few cents off gap support
[15:00] {nemo} running into a trendline too at 81.20
[15:02] {Les} while SPY hourly hits a trendline as resistance and tops out. Yeh, pullback for TZA entry...
[15:05] {thomcbell} long entry asml 49.88 break if holding 49.78 - half lot 
[15:08] {Threei}  come on down TZA
[15:09] {Threei}  also, keep an eye on SLW,
[15:09] {Threei}  established strong support at .20
[15:09] {Threei}  break of it can serve as a short trigger
[15:11] {Threei}  it's our plan B
[15:11] {Threei}  if martket drops and TZA never gives us a pullback, SLW is the way to play this drop
[15:15] {dino} jcp to flat, stuck
[15:16] {dino} out
[15:18] {thomcbell} asml invalidated 
[15:18] {Threei}  we may have to go to plan B
[15:18] {Threei}  TZA starts shaping up as a breakout instead of pullback
[15:19] {Threei} Short Setup: SLW  .20 break
[15:19] {dino} damn, would've worked
[15:19] {dptl} in
[15:20] {nemo} iwm about to run into trend line
[15:21] {dptl} stop is above .30 right?
[15:21] {Threei}  yeah
[15:25] {Threei}  violence time?
[15:25] {dptl} sure
06[15:25] * Threei hits SLW over the head with 2x4
[15:27] {Threei}  hmmm... strange reaction
[15:28] {Threei}  we may get that elusive TZA entry
[15:29] {Threei}  ideally it would let us in under .30, the reverse, while SLW stays under .30 and reverses back down as well
[15:30] {Threei}  (US) Treasury's Brainard: Outlook remains fragile; US does not intend to seek to provide additional resources to the IMF as it has sufficient resources
[15:31] {dino} htwr spike
[15:35] {Les} new stop on slw .25?
[15:35] {Threei}  fromally speaking, SLW stop can be trailed to .26
[15:35] {Les} :)
[15:35] {Threei}  mindreading much?
[15:35] {Les} great minds etc etc
[15:35] {Threei}  or you have a camera in my office somewhere?
[15:36] {Les} smile you're on facebook cam
[15:36] {Threei}  well, this saying always made me feel uneasy...
[15:36] {Threei}  I mean, why is it GREAT minds that think alike?
[15:36] {Threei}  why can't equally fibble ones think alike?
[15:37] {Threei}  grrr... should have just grabbed TZA near .30
[15:37] {Threei}  tried to be cute
[15:38] {Threei}  ok SLW, time to lose .15
[15:38] {Threei}  and die
[15:38] {Threei}  I'll refrain from 2x4 though
[15:38] {Threei}  it has some non-conventional reaction on beating
[15:38] {Threei}  its morale improves immediately
[15:40] {dptl} look at bids 
[15:41] {Threei}  nice bids... look how they disappear if SPY drops more
[15:43] {Threei}  see that?
[15:44] {dptl} ye almost all of them
[15:44] {Threei}  not much left, we get there aging and support is not there anymore
[15:44] {Threei}  it's a market following play, not on its own merits
[15:48] {Threei}  argh, TZA
[15:52] {Threei}  SLW... will be saved by the bell?
[15:53] {Threei}  amazingly enough SPY gathered enough energy to stay near the high
[15:54] {Threei}  and TZA does all in its power to make me cringe
[15:54] {Threei}  30 cents march
[15:55] {Threei}  choice of TZA over FAZ was right, FAZ performed much worse...
[15:55] {dino} thx all, good day, appreciate the ideas
[15:55] {Threei}  take care dino
[15:55] {_soccer34k} have a good night all
[15:55] {Threei}  ok SLW, 4 min to die
[15:55] {dino} ;)
[15:55] {Threei}  take care soccer, see you in the morning
[15:57] {Threei}  3
[15:57] {Threei}  good boy
[15:57] {dptl} bidding .10 
[15:58] {Threei}  be ready to hit the offer though
[15:58] {Les} half pivot support here
[15:58] {Threei}  2 min
[15:58] {dptl} for sure
[15:58] {Threei}  lol, such drama at the close
[15:59] {Threei}  1 min
[15:59] {Threei}  out
[15:59] {Threei}  saved by the bell
[15:59] {dptl} shoot....still in
[15:59] {Threei}  hmmm... pushing it
[16:00] {dptl} no..was lite sec late or something
[16:01] {Threei}  bid .17
[16:01] {dptl} bidding
[16:01] {dptl} thas me 400
[16:01] {Threei}  I see you
[16:01] {dptl} :)
[16:02] {Threei}  cancel
[16:02] {Threei}  see big NYSE offer?
[16:02] {dptl} y
[16:02] {Threei}  watch for someone to join it
[16:02] {Threei}  or undercut it
[16:02] {Threei}  on ECN
[16:02] {Threei}  and hit if they do
[16:02] {dptl} k
[16:03] {Threei}  lol, how do you manage to inject adrenak,in in such slow and trivial play
[16:03] {Threei}  bid .15
[16:04] {Threei}  under NYSE bid
[16:04] {Threei}  give a chance to someone to hit you if they are looking for bids
[16:04] {dptl} oh out
[16:04] {dptl} .15
[16:04] {Threei}  there you go
[16:04] {Threei}  that's how you game level 2 :)
[16:06] {Threei}  ok guys, thank you all
[16:06] {dptl} don't know how i missed the exit
[16:06] {Threei}  'cause you like making me nervous
06[16:06] * Threei slaps dptl around a bit with a large trout
[16:06] {Threei}  have a good evening, see you tomnorrow
[16:06] {dptl} ...lol Vad...tyhanx