Session Time: Wed May 30 00:00:00 2012
[09:06] {scottie} gm
[09:06] {Threei} morning scottie
[09:13] {ese} gm
[09:13] {Threei} ese :)
[09:14] {Beau} good morning you all
[09:14] {Threei} beau :)
[09:15] {ese} am not feeling that great this morning.......family came dn with that cold thing last week...thought I escaped but maybe not
[09:15] {Threei} wow... in such beaytiful wetaher
[09:15] {Threei} ummm... only spelled better
[09:15] {ese} lol
[09:16] {dptl} gm
[09:16] {Threei} dp :)
[09:16] {ese} dp
[09:23] {Threei} will be skipping first minutes
[09:24] {Threei} no clarity about direction yet, and anyway many later in the day trades work more reliably lately
[09:26] {nemo} "many later in the day trades work more reliably later"
[09:27] {Threei} why later? lately is what I meant
[09:27] {nemo} oy vay...shouldn't take sleeping pills
[09:27] {Threei} as in "last xx days or weeks"
[09:28] {Threei} sigh..some days I'll have to undertake this project, to teach you proper English
[09:28] {nemo} thanks Vad
[09:28] {Threei} sure, fear not
[09:33] {Threei} Short Setup: SLW .60 break hl
[09:34] {Threei} If holds .70
[09:34] {nemo} right
[09:34] {Threei} what? .58 was there for taking
[09:34] {Threei} huge bid
[09:34] {Threei} 1:2
[09:35] {Threei} Short Setup: GLD .55 break hl
[09:36] {Threei} ic .65
[09:36] {Threei} If holds .65
[09:37] {Threei} 1:1
[09:38] {Threei} 1:3, out
[09:40] {scottie} +22 ty Vad
[09:40] {Threei} :)
[09:40] {nemo} guess "deflation" is the watchword of the day
[09:41] {Threei} awww
[09:41] {Threei} too soon on GLD once again
[09:41] {nemo} if it's gonna bounce, it'll be here, otherwise, down elevator-express
[09:44] {cipher} tza l .42
[09:47] {nemo} it's awful quiet in here
[09:47] {cipher} out 1/2 .51
[09:48] {dino} gm
[09:48] {Threei} dino :)
[09:48] {dino} new computer(march), dead
[09:48] {cipher} out rest tza -.02
[09:48] {Beau} ggj cipher
[09:48] {Threei} this GLD bounce must be shortable
[09:49] {Threei} volume dried up
[09:49] {Threei} Short Setup: GLD .10 break hl
[09:49] {Threei} If holds .20
[09:52] {ese} L tibx .22
[09:53] {Threei} no go
[09:55] {cipher} +.06 tibx thx ese
[09:55] {Threei} Long Setup: LVS .35 break
[09:55] {Threei} hl
[09:55] {Threei} If holds .25
[09:55] {ese} welcome....maybe i should have taken that .06
[09:56] {nemo} numbers coming
[09:56] {Threei} pending home sales...
[09:57] {ese} hmmmmmmm
[09:59] {Threei} *(US) APR PENDING HOME SALES MM: -5.5% V 0.0%E; Y/Y: 14.7% V 22.0%
[09:59] {Threei} oversat that LVS
[10:00] {Threei} shaould have just scalped spike over .40
[10:01] {Threei} Long Setup: TZA .60 break
[10:02] {Threei} If holds .50
[10:03] {Threei} Invalidated
[10:05] {Threei} watching GDX for pullback entry
[10:06] {dino} gco sm l .45
[10:06] {dino} ttm?
[10:08] {Threei} nothing fresh
[10:09] {Threei} Long Setup: AIG .40 break
[10:10] {Threei} Invalidated
[10:10] {dino} ttm sm l .03
[10:11] {ese} mornin dino
[10:11] {ese} was looking at that TATA motors also
[10:12] {dino} gm ese. ttm beats etc
[10:13] {Threei} yeah, but it was yesterday early morning... and did nothing but go down ever since, with another gap today
[10:13] {Threei} can you imagine if it missed?
[10:13] {dino} which is why i like it
[10:13] {Threei} would be under zero by now
[10:14] {ese} L tibx some more avg .22
[10:14] {Threei} Long Setup: TZA .60 break
[10:14] {Threei} it's an on again off again setup, as SPY threatens 132 break
[10:15] {Threei} invalidated again but may resurface
[10:15] {ese} daaaaaaaaaaaaa
[10:15] {Threei} Long Setup: GDX .60 break
[10:16] {Threei} If holds .50
[10:16] {ese} being up .01 and making $30 bills is not an option here...............vad use the stick for me will ya
[10:16] {dino} gco to .80
[10:17] {dino} out gco .81, +.36
[10:17] {Threei} wtg
[10:17] {ese} nice dino
[10:17] {dino} ty
[10:17] {Threei} TZA is on again
[10:19] {nemo} aig bid
[10:19] {Threei} you really need to stop looking at those, nemo...
[10:20] {nemo} why?
[10:20] {nemo} drop of the bid was short
[10:20] {nemo} it's like telling me to stop looking at tits
[10:21] {Threei} as much as I like the analogy...
[10:21] {Threei} unless your intent was to scalp 3 cents, that's not a valid indication
[10:22] {dino} lol
[10:23] {nemo} well, when I looked it was a big bid at .12, it then dropped .14 to S2 on the daily, now, it rebid the level and has headed north
[10:23] {ese} out tibx .34 +.12 am taking my 360 bucks and am outta here...gotta lay down...cya tomorrow
[10:23] {Threei} take care ese
[10:24] {dino} cya ese
[10:24] {dino} pay sm l .63
[10:27] {Threei} Long Setup: CAT 90 break
[10:28] {Threei} hl
[10:28] {Threei} If holds .85
[10:30] {Threei} no go
[10:30] {nemo} it looks like the spy
[10:34] {dino} pay to .99
[10:34] {dino} out pay .03, +.40
[10:34] {Threei} nice one
[10:35] {dino} ty, showed strength, took break of hod
[10:35] {cipher} wtg dino, I chickened out with a scalp
[10:36] {dino} ty
[10:36] {Threei} Euro under 1.24
[10:37] {Threei} Long Setup: FAZ 27 break
[10:37] {Threei} If holds .90
[10:37] {Threei} target 1:3
[10:37] {thomcbell} fio
[10:38] {thomcbell} disregard
[10:38] {thomcbell} late start for me guys - gm
[10:38] {Threei} morning tbell
[10:38] {dptl} in faz .02
[10:39] {dino} gm tbell
[10:40] {dino} ttm stop -.28, vad wins
[10:40] {Threei} what do I win?
[10:41] {Threei} door prize to be determined yet? :)
[10:41] {dino} a beer, standard bet
[10:41] {nemo} pay kept going
[10:42] {dino} yeah, trailed too tight
[10:42] {Threei} cool... I lost a few of those to you lately, gotta even it out
[10:42] {dino} gco dropping
[10:43] {dino} ttm gap 19.78 area, jan
[10:43] {Threei} come on FAZ... 1 cent to 1:1?
[10:45] {cipher} gco l .07
[10:45] {Threei} stop .94 FAZ
[10:47] {Threei} good time for a sharp drop SPY
[10:49] {dino} uh, oh. was thinking same
[10:50] {Threei} that;s not ulti,ate uh-oh... it's when we find that nemo thinks the same as we do that is a real cause for alarm
[10:50] {nemo} damn, I was thinking long
[10:50] {Threei} whew
[10:52] {nemo} pay hanging at daily pivot
[10:52] {dino} :O
[10:54] {Threei} FB sudden dump, no news
[10:55] {Threei} ok... it's really time
[10:56] {dino} drop
[10:57] {Threei} whew... dino, we win
[10:57] {Threei} need SPY to lose .85 to cement it
[10:58] {dino} bingo
[10:59] {Threei} market is teetering on the brink
[10:59] {Threei} and is about to fall
[10:59] {Threei} frikin TZA got away
[11:00] {dino} sjt drop
[11:00] {Threei} 1:1 FAZ
[11:00] {Threei} first part out
[11:00] {Threei} still going for 1:3
[11:01] {Threei} scalpers know what to do of course
[11:01] {Threei} stop to .98
[11:05] {Threei} ok... scalpers win
[11:06] {dino} dks sm l .51
[11:12] {dino} qcom sm l .75
[11:15] {Threei} TZA, want to sxee it dropping under .40, stabilizing, then .40 cross for long entry
[11:16] {dino} qcom to .85, dks to .61
[11:20] {dino} out dks +.10
[11:21] {dino} out qcom .95, +.20
[11:27] {dino} pot sm l .00
[11:29] {Threei} too long consolidation... change of plan
[11:29] {Threei} letit slide toward .20 beofee thinking of long
[11:47] {Threei} hmmm... original plan was better
[11:50] {Threei} I don't feel we are to see immediate drop... bounce is my play here
[11:50] {Threei} Long Setup: IWM .45 break
[11:50] {Threei} If holds .35
[11:53] {Threei} .50 break should launch it
[12:00] {dino} gco sm l .63 ave
[12:02] {dino} pot stop -.21
[12:03] {Threei} no go
[12:07] {Threei} frikin FAZ
[12:07] {Threei} had to rinze second half, didn't you
[12:10] {nemo} spy bounced right at WPP
[12:10] {nemo} think pay getting ready for another run
[12:11] {Threei} wow... someone has a gift: The Pain in Spain Crushes Risk Again
[12:12] {nemo} gdx had qie a run off the bottom today
[12:20] {Threei} Long Setup: TNA .65 break
[12:20] {Threei} If holds .50
[12:22] {Threei} let's go SPY, bears got a bit too complacent
[12:22] {Threei} as if Europe breaks down tomorrow
[12:22] {Threei} meanwhile we probably have till Monday
[12:23] {Threei} to me, SPY has a bounce to 132.5 in it
[12:24] {Threei} which puts TNA to 48.70 or so
[12:25] {Threei} if I am incorrect, nemo will set me right
[12:26] {Threei} nope...
[12:26] {Threei} misreading market
[12:27] {nemo} I'm looking for IWM 76.02
[12:35] {nemo} what precise downward trendlines on IWM and SPY
[12:43] {nemo} long .61
[12:44] {Threei} ?
[12:44] {Threei} on what?
[12:44] {nemo} tna
[12:44] {Threei} this does look like a start of my bounce
[12:44] {nemo} YOUR bounce!?
[12:45] {Threei} scroll up a little?
[12:45] {nemo} the blighter bloody well thinks he owns the market!!!
[12:45] {Threei} sigh... bounce I was looking for - better?
[12:46] {Threei} to read makes us speak English good
[12:46] {nemo} oh, I forgot, English is your second language
[12:46] {nemo} fire good
[12:46] {nemo} tree
[12:46] {nemo} good
[12:46] {Threei} no... fire bad
[12:46] {nemo} 1/2 at .74
[12:46] {Threei} tree good
[12:46] {nemo} oh, pardon me
[12:47] {nemo} it's the "stilleto pump" chart pattern
[12:47] {nemo} o.k. out of vodka,
[12:48] {nemo} no wine
[12:48] {nemo} can't drink the rum...it's a present
[12:48] {Threei} need IWM pullback to about .20 for entry
[12:48] {nemo} nephew's percosets???
[12:48] {nemo} mmmmhhhhhh
[12:48] {nemo} wonder what would happen if I crushed up bunny dung and snorted it???
[12:48] {nemo} can you say bored....
[12:49] {nemo} I"m looking for IWM to 76.54 and spy to 132
[12:50] {nemo} pay might be long here too
[12:50] {nemo} long .71
[12:51] {nemo} stop is .59
[12:52] {nemo} target is 37.20 area
[12:55] {nemo} took half at .82, it's working too hard for this
[12:56] {nemo} stops are to be
[12:56] {nemo} b/e
[12:57] {nemo} actually, make sto on pay .64
[13:02] {nemo} bummer
[13:02] {nemo} today not much fun
[13:02] {Threei} no
[13:02] {Threei} Long Setup: IWM .22
[13:02] {Threei} If holds .10
[13:03] {nemo} ahhh...the quasimodo pattern
[13:03] {Threei} lol, what the deuce is that
[13:03] {dino} qcom sm l .51
[13:04] {nemo} H&S or IH&S where the shoulders are not at the same level
[13:04] {Threei} ah... lol
[13:06] {nemo} mmmmhhhh...pay puked
[13:20] {Threei} I firmly decided it's not a scalp
[13:20] {Threei} going to start partialing around .40 - .45
[13:25] {Threei} 1:1 for scalpers
[13:30] {Threei} ok
[13:31] {Threei} first partial out
[13:31] {Threei} .43
[13:31] {Threei} for once patience paid off
[13:31] {Threei} stop to .19
[13:33] {Threei} took patience in both, witing for entry on pullback to that .20, and in exiting
[13:33] {Threei} friking 30 min
[13:33] {dino} bit of a rally taking place
[13:33] {Threei} offering next piece between .55 and .60
[13:33] {Threei} your QCOM doing fair too
[13:34] {dino} indeed
[13:34] {nemo} spy bounced off Weeky Pivot Point
[13:34] {Threei} anyone follows this IWM?
[13:34] {Threei} it's intended as a day-fixing trade
[13:36] {dino} not i, 3i
[13:38] {Beau} getting comfortable withlaser so paper trade. will they give me $ if I tell them I meant to be real?
[13:39] {dino} sure
[13:39] {Beau} oh well
[13:40] {Threei} you need to get the famous "go back to paper if stopped, to real money if profitable" button
[13:40] {Beau} geat-- i'm looking for it. nemo probably hid it
[13:46] {dino} whr spike
[13:57] {nemo} nothing like August trading
[13:57] {nemo} vrtx retraced 10.00 in less than 2 days
[13:59] {nemo} make that 10.50
[14:01] {Threei} second partial .56
[14:02] {Threei} stop to .29
[14:02] {Threei} day fix in progress
[14:03] {Threei} offering last part above .70 for +.50 target
06[14:03] * Threei slaps nemo around a bit with a large "MY BOINCE" banner
[14:04] {nemo} Hey! I caugtht the bottom, you just made more money than I did on it
[14:05] {Threei} I also slapped you good
[14:05] {Threei} that's 2:1
[14:05] {nemo} I'll shoot you better
[14:05] {Threei} that's "ll"
[14:29] {dino} sfly spike
[14:29] {dino} whr spikes again
[14:30] {dino} whr us sets duties on korean washers
[14:34] {Threei} it's almost an hour old news
[14:34] {Threei} fresh reaction seems unlikely
[14:35] {dino} don't shoot the messanger
[14:35] {Threei} no, just prividing a background to help with decisions
[14:37] {dino} ;)
[14:39] {thomcbell} long setup:: FB 28.16 break if holding 28.06
[14:39] {Threei} I like setup... I hate the stock
[14:39] {Threei} company
[14:39] {Threei} site
[14:39] {Threei} CEO
[14:40] {thomcbell} agreed
[14:41] {thomcbell} have never seen anything like this - i full fledged institutional community snub
[14:41] {thomcbell} will be case studies on it for sure
[14:41] {Threei} there are lot of things went wrong with this one...
[14:43] {dino} seems to me they disguised a secondary as an ipo, as so many already had the stock prior to ipo. then they sold
[14:43] {Threei} that looks to be the major underlying problem
[14:45] {Threei} plus overestimating the demand, overpricing the IPO and overissuing the shares
[14:45] {Threei} plus CEO being a kid
[14:45] {Threei} plus MS botching a lot of things to keep the deal
[14:45] {dino} not to mention downgrading it at issuance
[14:45] {Threei} plus NASDAQ botching first day
[14:49] {thomcbell} volume pattern still terribly bearish on FB
[14:49] {Threei} and CEO is still wears hoodie
[14:49] {Threei} is wears... sigh
[14:50] {thomcbell} keeping stop 28.06 for now b/c potential for a decent trade is there
[14:53] {dptl} pay short.60?
[14:53] {Threei} I think so
[14:55] {thomcbell} stop to 28.09 on FB
[14:56] {thomcbell} i hit it out at 28.09 on fb
[14:56] {thomcbell} road kill
[14:57] {Threei} probably to the best
[14:57] {Threei} this thing doesn't look like it's going to hold 28
[14:58] {dptl} rost short .40?
[14:58] {Threei} too narrow
[15:04] {Threei} last piece is dumped
[15:04] {Threei} didn't reach last target but no complaints on the trade
[15:07] {dino} amln drop
[15:08] {thomcbell} FB volume has really slowed down
[15:08] {thomcbell} no pressure on this dip in indexes
[15:15] {dptl} pay valid again?
[15:20] {dptl} short pay.59
[15:20] {dino} open spike
[15:24] {dptl} stopped...(one cent to 1:1 couldn't do it,sigh)
[15:30] {thomcbell} possible bear trap there with fb
[15:31] {thomcbell} i am leaving it alone however
[15:44] {dptl} gn all
[15:45] {dino} cya dp
[15:54] {nemo} spy can't get above vwap
[15:54] {Threei} not a bullish closing at all
[15:54] {Threei} softly speaking
[15:54] {nemo} no but it's above the weekly pivot
[15:54] {nemo} I'd call it neutral
[15:56] {dino} up 140 tuesday down 150 wed
[15:56] {nemo} so, big doji between the two days
[15:56] {Threei} I feel general context is negative
[15:56] {Threei} dino's right
[15:57] {Threei} attempt at strenght got quelled next day
[15:57] {nemo} yep
[15:57] {Threei} and even overwhelmed
[15:57] {Threei} barring Greece bailing out Spain and Italy bailing out both of them pklus Portugal on top, down we go
[15:59] {nemo} buy more bullets
[15:59] {dino} thx all, gn
[15:59] {Threei} thank you all
[15:59] {Threei} have a good evening, see you tomorrow
