[10:51] Long Setup: TNA .10 break
[10:53] If holds 54 obviously
[10:53] target 1:4
Session Time: Fri May 04 00:00:00 2012
[08:56] {dptl} gm
[08:56] {Threei} ok... you made me admit it
[08:56] {Threei} morning
[08:57] {dptl} :)
[09:00] {Threei} strange market action so far
[09:12] {Beau} good morning you all
[09:13] {RonS} gm
[09:14] {Threei} beau, ron :)
[09:14] {RonS} ...napalm in the morning...
[09:14] {Threei} still no word from nemo... sent e-mail
[09:15] {scottie} gm
[09:16] {Threei} scottie :)
[09:16] {Threei} before unemployment report market was green, despite tho whole "weekend election" thing,
[09:16] {Threei} disastrous numbers sent it dow screaming,
[09:17] {Threei} then it recovered all the way up and more, before slowly sliding back to the low
[09:17] {RonS} not disastrous enough for QE hope...
[09:18] {Threei} dow = down
[09:18] {Threei} I guess... it's "the worse the better" situation for the market
[09:18] {RonS} ...the true disaster is that 350k quit the labor force
[09:19] {RonS} ...time to recruit 3i
[09:19] {RonS} :D
[09:19] {Threei} hmmm
[09:20] {Threei} can't determine the skill I most need... I hate trimming off the pleura from spareribs - is it a job to offer someone?
[09:20] {RonS} pleura...is that French?
[09:21] {RonS} ...if Beau is a cajun he can tell us...
[09:21] {RonS} :D
[09:22] {Threei} how do you call this thin layer on the ribs side
[09:22] {RonS} heck if I know...
[09:22] {RonS} ...obviously I guess...
[09:23] {Beau} not cajun, but buy crawfish.
[09:23] {Threei} membrane
[09:23] {Threei} whew
[09:24] {thomcbell} gm
[09:24] {Threei} tbell :)
[09:24] {Threei} crawfish... haven't seen this kind here anywhere but in russia we had much bigger ones, roughly a third to half of a lobster size
[09:24] {Threei} and they are absolutely delicious
[09:25] {Les} CAT testing 100 premarket
[09:25] {Threei} dp will confirm
[09:25] {Beau} twist the heads off and suck the fat out?
[09:26] {Threei} no, they were big enough to eat part by part
[09:26] {Beau} mudbugs are a big crop around here
[09:28] {RonS} mudbugs = crawfish, right Beau?
[09:29] {Threei} yeah, one of the names
[09:29] {Beau} right
[09:29] {Threei} crayfish too
[09:29] {dptl} ye i miss our crayfish
[09:29] {Threei} Long Setup: FCX .50 break hl
[09:30] {Threei} If holds .40
[09:32] {Threei} 1:1
[09:34] {Beau} good start, thx vad
[09:34] {Threei} :)
[09:36] {Threei} Long Setup: X .55 break
[09:36] {Threei} If holds .45
[09:38] {Threei} change to .45 break
[09:39] {Threei} if holds .35
[09:39] {Threei} target 1:2
[09:40] {Threei} stop to .39
[09:41] {Threei} 1 cent to 1:1... grr
[09:41] {Threei} out
[09:44] {Threei} Short Setup: DE .10 break smaller shares
[09:44] {Threei} If holds .25
[09:44] {Threei} pulp
[09:45] {Threei} Invalidated
[09:47] {Threei} Short Setup: LVS .95 break
[09:47] {Threei} If holds .05
[09:48] {Threei} no worky
[09:49] {Les} miners being bid up
[09:49] {Threei} yeah, looking for pullback on GDX
[09:50] {dino} v smr l .75
[09:53] {dino} out v .15, +.40
[09:55] {Threei} nice
[09:55] {dino} ty, but got out way too soon
[09:57] {Threei} RIG
[09:57] {Threei} getting bounce ready
[09:58] {Threei} Long Setup: RIG .75 break
[09:58] {Les} s2 is .61
[09:58] {Threei} change to .70
[09:59] {Threei} .64 stop
[10:00] {Threei} half out
[10:00] {Threei} stop .69
[10:01] {Threei} was kind enough to get back and pick us up
[10:03] {thomcbell} looking for qcom entry
[10:04] {thomcbell} want to see basing between 62.35 and 62.50
[10:04] {dino} s3 61.84
[10:05] {Threei} scalpers win
[10:06] {dino} crox l .84
[10:07] {dino} hig l .60
[10:13] {Threei} Long Setup: RIG .60 break
[10:13] {Threei} If holds .50
[10:15] {Threei} Long Setup: GDX .60 break
[10:16] {Threei} If holds .50
[10:16] {dino} crox to .98
[10:17] {Threei} both should do 1:3 if work
[10:17] {dino} out crox .01, +.17
[10:18] {Les} ty followed you on crox
[10:18] {dino} ;)
[10:19] {Threei} ugh
[10:19] {Threei} RIG held like a champion but SPY weakness eventually prevailed
[10:20] {scottie} Bad day for me, be back monday. see you all
[10:20] {dino} gaps dji 12715, ndx 2638, s/p 1325
[10:20] {Les} cheers scottie
[10:20] {Threei} take care scottie
[10:21] {Threei} let's change GDX to aggressive
[10:21] {Threei} .50 break
[10:23] {Threei} stop under .40
[10:23] {Threei} half out
[10:23] {Threei} 1:1
[10:24] {Threei} stop to .59
[10:24] {Threei} scottie choose wrong moment to wrap it up
[10:26] {thomcbell} long setup invn 13.51 break 1/2 lot
[10:26] {Threei} 1:2
[10:29] {dino} wdc sm l .60
[10:30] {Threei} RIG rinse
[10:32] {thomcbell} invalidated invn - but still watching - 35% shortinterest and not borrowable i believe
[10:32] {dino} wdc stop -.05
[10:33] {dino} averages -2 to 3% since tuesday
[10:43] {dino} crox l .81
[10:43] {dino} met l .38
[10:45] {Threei} Long Setup: GDX .35 break
[10:46] {Threei} If holds .25
[10:48] {Threei} no remaking the setup for now, lettting it find new formation
[10:51] {Threei} jeez... http://goo.gl/Di2uu
[10:51] {Threei} Long Setup: TNA .10 break
[10:53] {Threei} If holds 54 obviously
[10:53] {Threei} target 1:4
[10:54] {Threei} Long Setup: GDX .20 break
[10:55] {Threei} 1:1
[10:56] {Threei} stop to .05
[10:56] {Threei} 1:2
[10:57] {Threei} 1:3
[10:57] {Les} nice ty
[10:57] {Threei} yw
[10:57] {Threei} can't believe scottie left right before these two :(
[10:57] {Threei} 1:4 target hit
[11:00] {thomcbell} long setup slw - 28.65 break if holdinging 28.55
[11:02] {thomcbell} slw invalidated
[11:02] {thomcbell} still watching
[11:04] {Beau} late thx vad on tna
[11:04] {Threei} visual http://goo.gl/JcgEw
[11:04] {Threei} beau :)
[11:06] {Les} vad slw .60 break?
[11:10] {Threei} sorry, was away for a sec
[11:10] {Threei} but no
[11:32] {Threei} this SPY breakdown doesn't look convincing to me
[11:32] {Les} 15 macd showing positive crossovers on indexes
[11:33] {Threei} we may get more panic closer to eod, but for now downside feels limited
[11:33] {Les} looking at NKE here. sitting on s32 at .40. looking for bounce
[11:33] {Les} s3, not s32
[11:37] {Threei} what do you know... wrong
[11:40] {Les} 15 min positive crossover, 5 min bullish divergences. Just need to stop sliding and create a setup
[11:41] {Threei} hehe
[11:41] {Threei} you haven't come to a conclusion yet, that this last peice (create a setup) kind of renders everything before that useless?
[11:42] {Les} sure
[11:42] {Les} indications are there
[11:42] {Les} setup to realise concrete tradeable action
[11:43] {Les} lvs showing some relative strength
[11:48] {RonS} hmmm...what is hain showing?
[11:50] {RonS} schwarzeneggar strength?
[11:50] {Threei} lol
[11:51] {Threei} Short Setup: SLW .50 break
[11:57] {Les} nke 112 support on daily. db setup interest you?
[11:58] {Threei} could be
[11:58] {Threei} just keep it small
[11:58] {Threei} volatile
[11:58] {Les} k
[11:59] {Les} slw stop if triggered is .55 or .60?
[11:59] {Threei} .60 for now but will trail rather quickly
[12:17] {Les} nke stop
[12:18] {RonS} cie drop
[12:25] {Threei} SLW is valid again
[12:26] {dino} qcom sm l .60
[12:28] {Les} .42 is s1 slw
[12:31] {dino} qcom stop is .48
[12:36] {Les} took half off .42
[12:39] {Les} stop to .51?
[12:40] {Threei} sure... textbook trade
[13:03] {RonS} dino...arco
[13:08] {dino} arco sm l .00
[13:20] {Les} server crash
[13:27] {Threei} stall for the next hour is likely
[13:34] {Les} took a small tna bite at .92 for agressive break
[13:34] {Les} out .16
[13:35] {Threei} nice
[13:36] {Les} out arco .18 +.17 ty for the alert.
[13:36] {Les} back for close. misses wants to be fed
[13:38] {Threei} I'll be back in an hour or so
[13:39] {dino} out arco +.30 ty ronzo
[13:39] {Threei} otherwise I risk to fall asleep when action is back
[13:39] {RonS} yw
[13:39] {Threei} good job guys
[13:39] {dino} ty
[13:39] {dino} qcom rinsed, would have worked nicely
[14:07] {nemo} knock knock
[14:07] {RonS} who's there...
[14:07] {nemo} I was just checking
[14:08] {nemo} how's today going
[14:08] {nemo} ?
[14:08] {RonS} pretty good for me since I had tza calls...
[14:09] {RonS} and naile a tna trade w/ 3i
[14:09] {RonS} nailed
[14:09] {nemo} cool, where's vad, gynecology appointment}
[14:10] {RonS} guess...les went first...
[14:10] {nemo} nice one
[14:11] {nemo} I see IWM bounced at weekly S2
[14:11] {RonS} all ok w/ you?
[14:12] {nemo} I'm fine, not sure about the nephew yet. Came home to get some sleep, I'll go back to do the overnight
[14:14] {nemo} the daily S3 on IWM down around 78.40 very interesting area, high volume area and monthly support right there.
[14:14] {nemo} for spy Quarterly pivote down around 136.25 and there are three levels between there and 136.60, if we drop further that will likely be it
[14:16] {RonS} wow, Blast at Armenia campaign rally injures 106 people, Interfax reports, citing emergency officials
[14:16] {RonS} double wow...More: Blast in Armenia is accident, caused by explosion of helium-filled balloons
[14:17] {nemo} o.k. I'm gonna' get some sleep (I hope) peace & quiet
[14:17] {RonS} cya nemo...
[14:17] {dino} gl nemo
[14:26] {dino} call spike
[14:38] {RonS} whoa dmnd spike
[14:42] {RonS} Rumor: Diamond Foods up on speculation it will provide an update shortly
[14:52] {Threei} back
[14:52] {Threei} lol ron
[14:53] {Threei} market ie teetering on the brink
[15:09] {Les} TZA entry
[15:09] {Les} ?
[15:10] {Threei} looking
[15:10] {Threei} seeking
[15:10] {Threei} trying
[15:10] {Les} vwap .55 R2 .60
[15:13] {Threei} so far stall continues
[15:26] {Les} half out tza .75
[15:28] {dino} spw spike
[15:29] {dino} sm s .00
[15:30] {Les} 78 is R2 dino
[15:31] {Les} grabbed it for +.47 ty
[15:32] {dino} cov .15, +.85
[15:32] {dino} gj les
[15:32] {dino} back in ten
[15:40] {Les} 2nd half tza stopped -.01
[15:43] {Les} 2nd entry spw .92 s
[15:46] {Les} cover .66
[15:48] {Threei} I expected way more active last hour
[15:48] {Les} yes european elections this weekend
[15:49] {Les} do they already know the outcomes ;)
[15:49] {Threei} or can't decided between too many various combinations
[15:50] {Threei} 1. both go EU way
[15:50] {Threei} 2. both go against EU
[15:50] {Threei} 3. France for, Greece against
[15:50] {Threei} 4. France against, Greece for
[15:50] {Les} yeh whatever. clear lack of concern
[15:50] {Threei} too much to calculate, traders decided to stay away
[15:51] {Threei} and let it play out
[15:53] {Threei} whatever... let's see how it turns over the weekend
[15:54] {Threei} thank you all, have a great weekend, see you all Monday!
[15:54] {Les} cheers
[15:54] {dptl} gn
