Friday, June 29, 2012

June 29 2012

Crazy day and crazy market, finishing crazy week. About even, after some back and forth. Overall, the week is below the part vs. our usual performance. Please read this: http://blog.realitytrader.com/2012/06/how-this-market-is-unique.html

Session Time: Fri Jun 29 00:00:00 2012
[07:17] {nemo} And you guys thought I was nuts for saying it was odd the Vampire Squid was trading strongly during the downdraft yesterday...
[08:35] {nemo} how do you trade this stuff...heheheheh
[09:00] {Threei}  (FR) France President Hollande: No extra EU Leader Summits planned before October- Does concede country's public debt is at a dangerous level
[09:01] {Threei}  (EU) IIF's Dallara: There are unaddressed issues regarding banking and fiscal union
[09:02] {Threei}  (EU) EU's Juncker: Spain and Italy should receive aid if conditions are met; Luxembourg has not agreed to implement a financial transactions tax (tobin)
[09:04] {ese} gm
[09:04] {Threei}  ese :)
[09:04] {Beau} morning all
[09:06] {Threei}  beau :)
[09:07] {ese} morning vad.......good day today already...you'll notice from the trading log Wed June 27 that i'm in RIO at .26...46.26 sold it pre mrkt 48.38 +2.12  1k of the little blighters
[09:07] {Threei}  nice hold
[09:07] {Threei}  congratulations
[09:09] {ese} tks....have been following this one for a few weeks now and like the way it trades.....was pretty damn sure it was close to support.......had to take a bit of heat but.......
[09:09] {Threei}  well... this today's market gap helped
[09:09] {ese} definitely
[09:13] {jackharry} gm everyone
[09:13] {Threei}  jack :)
[09:13] {Threei}  here is funny thing
[09:14] {Threei}  the more I read what they achieved yesterday, the less I see
[09:14] {Threei}  some paint over crumbling walls
[09:16] {ese} J
[09:17] {scottie} gm
[09:18] {Threei}  scottie :)
[09:20] {dino} gm. more bi-polar market I see
[09:21] {Threei}  dino :)
[09:21] {Threei}  yup
[09:21] {Threei}  "we are not dissolving today" is enough to such a gap
[09:21] {ese} dino
[09:21] {dino} gm
[09:21] {Threei}  meanwhile if you read through, none of underlying problems is resolved
[09:22] {Threei}  there is still unsustainable debt , still no source of extinguishing it and still no eurobonds
[09:23] {Threei}  (which btw won't solve anything eiter)
[09:23] {Threei}  they are trying to jawbone very basic thing:
[09:23] {Threei}  when the debt esceeds sustainable levelas it can be resolved in one of two ways only
[09:24] {Threei}  defualt or inflate
[09:24] {Threei}  period
[09:24] {ese} vad dcc pls
[09:25] {dptl} gm
[09:25] {Threei}  dp :)
[09:26] {jimmy} gm
[09:26] {Threei}  jimmy :)
[09:26] {Threei}  I have strong urge to short this nonsense
[09:27] {Threei}  gotta be careful... such "common sense" trades often fail
[09:27] {dino} thinking same
[09:28] {Threei}  short? or careful? :)
[09:30] {dino} short
[09:30] {Threei} Long Setup:  FAZ  23 break hl
[09:31] {thomcbell} looking for short on lvs 
[09:31] {Threei}  valid
[09:32] {Threei}  .85 stop
[09:32] {dino} well we filled 6/27 gaps
[09:32] {dino} 6/22 too
[09:35] {Threei}  trail to .89
[09:35] {scottie} +.10 ty
[09:35] {Threei}  1:1
[09:35] {Threei}  yw
[09:37] {Beau} .09 good start thanks vad
[09:37] {ese} man.....rimm takes another hit.....
[09:38] {Threei}  beau :)
[09:38] {Threei}  RIMM is a train wreck
[09:38] {Threei}  it's done... put a firk in it
[09:38] {Threei}  fork too
[09:38] {ese} lol
[09:39] {Threei} Long Setup:  VVUS  .70
[09:39] {Threei}  If holds  .60 
[09:41] {Threei}  no go
[09:42] {Threei} Long Setup:  LVS  .60 break hl
[09:42] {Threei}  If holds  .50 
[09:42] {Threei}  Invalidated  
[09:45] {Threei}  *(US) JUN CHICAGO PURCHASING MANAGER: 52.9 V 52.3E
[09:45] {Threei} Short Setup: FCX  .20 break
[09:46] {Threei}  If holds  .30 
[09:47] {Threei}  let's trail to .26
[09:47] {Threei}  want to keep risk as tight as possib;e
[09:47] {Threei}  there is still second day of summit
[09:48] {Threei}  and news headlines may come any moment
[09:49] {ese} hmmmmmmmm that .06 should make all the difference in the world.......don't you think
[09:49] {ese} sorry .6
[09:50] {Threei}  out
[09:51] {ese} good one chief
[09:51] {Threei}  not really, but I have no read on it here
[09:52] {Threei}  market hesitates
[09:54] {Threei}  *(US) JUN FINAL UNIVERSITY OF MICHIGAN CONFIDENCE: 73.2 V 74.1E
[09:55] {Threei}  rinse FCX
[09:55] {ese} ok I have to ask this......what the "H" is the difference between Outperform and strong buy.......a la this People' United Financial Inc. Raymond James Cuts PBCT to Outperform from Strong Buy )
[09:56] {dino} lol
[09:56] {Threei}  Strong Buy = we have a lot of it, come in and buy as much as you can so we can dump it all
[09:56] {Threei}  Outperform = we have some, and wouldn't mind to unload it
[09:56] {ese} ok ....thats too funny
[09:56] {ese} gottcha
[09:57] {Threei}  Strong Buy Reiterated = please someone, take it off our hands... pleeeease
[09:57] {ese} lol
[09:57] {jackharry} you old cynic you!
[09:57] {ese} is he ever eh
[09:58] {Threei}  right on both counts... lol
[09:58] {Threei}  no news for this spike
[10:01] {Threei} Long Setup:  VZ  .60 break
[10:01] {Threei}  If holds  .50 
[10:02] {Threei}  target 1:3
[10:04] {ese} daaaaaaa anf.....i hate that....just as your type the stuff in......15 to 20 cents have gone down the drain
[10:04] {ese} typing
[10:04] {Threei}  1:1 is close enough for first partial
[10:05] {Threei}  stop to .58
[10:10] {Threei}  market seriously has no idea what to do
[10:11] {thomcbell} lvs long setup 43.57 break if holding 43.47
[10:12] {ese} L ANF the uphook .08
[10:12] {Threei} Long Setup:  WMT  .25 break
[10:13] {Threei}  If holds  .15 
[10:13] {thomcbell} lvs 1:1
[10:13] {thomcbell} 1/4 out 
[10:17] {thomcbell} sold another 1/4 lvs 
[10:18] {Threei}  good one
[10:18] {nemo} 136.25 is quafrterly pivot point right here is the R3 on the daily
[10:19] {Threei}  trying for 1:2 on WMT
[10:19] {Threei}  1:1
[10:20] {Threei}  half out, stop to .24
[10:20] {thomcbell} out lvs 
[10:20] {thomcbell} stuck in mud here 
[10:20] {dino} out remaining geoy july 12.50 calls +1.20
[10:20] {scottie} wmt +.10 ty
[10:21] {Threei}  yw
[10:22] {dino} out yesterdays july pvh 77.50 calls 2.45, +.45
[10:23] {Threei}  nice
[10:24] {Threei} Long Setup:  FSLR  15 break
[10:24] {Threei}  If holds  .95 
[10:24] {dino} out yesterdays vrtx july 55 calls 2.30, +.30
[10:25] {ese} out anf.17 +.09.....took my 9 cents and am outta there....am getting the roll over feeling
[10:25] {Threei}  careful dino, we might consider you a swing trader
[10:26] {dino} just trying to tweak my capits/euphoria stategy
[10:28] {Threei}  half out FSLR
[10:28] {Threei}  mostly to cut down risk rather than book profit
[10:28] {Threei}  stop .98
[10:29] {thomcbell} lvs rats 
[10:32] {Threei}  FAZ, watching for entry on pullback to .90
[10:32] {ese} looks like its working dino
[10:33] {dino} don't jinx me, lol
[10:34] {ese} heres one for ya...CAMP.....beats....being eyeing this one all morning
[10:34] {ese} beat yesterday actually
[10:36] {dino} thx
[10:37] {Threei}  no pullback
[10:43] {ese} all together now....."gimme that old time religion....ahh hemm...gimme that old roll over feeling ...gimme that old roll over feelin.........gimme that old roll over feelin.........and your bank account won't struggle no more"..........that last lyric is mine....wha da ya think?
[10:43] {ese} ANF
[10:43] {nemo} ese...I'll put you out of your misery
[10:43] {nemo} actually, I'll put you out of my misery
[10:43] {ese} lol
[10:43] {Threei}  lol
[10:43] {ese}  please
[10:44] {Threei}  The rise in German debt yields to mirror the declines across the periphery this morning are also a firm reminder of the redistribution of liability in what can only heap more pressure on the shoulders of Angela Merkel. It would appear to be the Chancellor�s implicit hope that the EU can undergo a Great Leap Forward to the sole point of stability in a monetary union � full political, economic and financial integration � as a last gasp means to resolve the crisis; but it remains to be seen whether bailout cash � itself strictly for the purposes of mitigating the blow of reform � will be fully employed to that end. The repeated emphasis of this point would rather suggest that Germany has its doubts
[10:46] {ese} meaning?
[10:46] {ese} shes sick of free loaders?
[10:47] {Threei}  pretty much
[10:48] {dino} dia sm s .90, bstop .10
[10:50] {dino} camp does not move ese
[10:50] {ese} speaking of freeloaders....BCS Barclays bank being slapped around this morning
[10:50] {ese} ya......it's a hmmmmmmmmm
[10:54] {Threei} Long Setup:  FAS  .50 break hl
[10:54] {Threei}  If holds  .40 
[10:56] {ese} nope
[10:56] {Threei}  ese... to put it in a few words: Germany doesn't want to give more money unless it has control over how it's spent. Such control would involve members of EU ceding their sovereignity to a degree never seen before, up to budgets being written for them.
[10:57] {ese} thats interesting.......i can't see that happening
[10:57] {ese} even just from a nationalistic sense
[10:57] {jackharry} it would effectively be a united states of europe, with germany very much in control
[10:58] {Threei}  neither can I
[10:58] {Threei}  and if they oush too far, pushback will destroy whole construct
[10:58] {jackharry} ironically one of the reasons given for the EU to be set up originally was to limit german power
[10:58] {ese} egzactilly.........do we here in Canada want Angola telling us how to spend our money
[10:58] {Threei}  and if they skean it in through the backdoor (which is what they are trying to do), well
[10:59] {ese} better yet.........Fiji telling the US how to spend theres
[10:59] {Threei}  the outcome will be pushed by years or decades, and will be not less daramatic than USSR collapse
[10:59] {ese} oh sure FAS......now ya take off
[11:00] {Threei}  (EU) ECB's Asmussen: EU summit was 'not a showdown' between Germany and other countries
[11:01] {jackharry} the whole euro project has been an attempt to push full political integration by the back door, because they knew they could never get it legitimately and democratically
[11:01] {ese} ahhhhhhh.......hmmmmmmmm there holding the big stick right now......
[11:01] {dino} camp sm l .20
[11:02] {Threei}  (EU) ECB's Asmussen: monetary policy cannot help regain competitiveness- Troubled nations must implement reforms in order to receive assistance - Reiterates ESM can only fund banks when the banking supervision has been implemented - Not seeing risks of inflation from monetary policy
[11:02] {ese} thanks for watchin i'm in camp .16
[11:03] {Threei}  let's try for FAS db
[11:03] {Threei}  .40 break long
[11:03] {Threei}  If holds  .30 
[11:04] {Threei}  no
[11:06] {Threei}  shrug
[11:11] {Threei} Long Setup:  LEN  .30 break
[11:12] {Threei}  big offer
[11:12] {Threei}  if chews through it, should explode
[11:13] {Threei}  there
[11:13] {Threei}  move now
06[11:13] * Threei kicks LEN in the rear
[11:15] {Threei}  1:1 half out
[11:15] {Threei}  scalpers are scalpers
[11:15] {Threei}  stop for the balance to .28
[11:16] {scottie} half out +.09
[11:17] {ese} gotta like that dino
[11:19] {cipher} camp +.18 thx for the heads up
[11:20] {ese} no probs
[11:20] {cipher} was camping out @.35 offer :-)
[11:20] {dino} gj
[11:25] {Threei}  guy, please go to http://www.realitytrader.com/tradingroom/, scroll to the very bottom
[11:26] {Threei}  read a few lines on room slang
[11:26] {ese} dino..target?
[11:26] {Threei}  tell me if you can think of what to add there
[11:34] {dino} .50
[11:34] {Beau} rinse
[11:35] {Beau} for add
[11:36] {dino} maybe bi-polar markets
[11:37] {Threei}  ty
[11:37] {Threei}  will do
[11:39] {dino} s=short, l = long, bstop?
[11:39] {Threei}  right
[11:40] {scottie} Looks ok to me Vad
[11:41] {Threei}  ok... will make it easier for newer guys :)
[11:42] {Threei}  dolores, dcc please
[11:43] {cipher} camp l .21
[11:44] {_dolores} what is dcc'
[11:44] {_dolores} ?
[11:44] {Threei}  private message :)
[11:47] {ese} ok......i gotta go stop is in for camp.......have a great weekend....cyall monday
[11:48] {Threei}  take care ese
[11:49] {Threei}  added a few lines
[11:49] {Threei}  rinse was a particularly good one
[11:54] {Beau} i get a gold star?
[11:55] {Threei}  half... I had to write it up, so half is mine
[11:55] {Beau} presented by nemo
[11:55] {Threei}  well... with nemo, it's going to be a ninja star
[11:55] {Threei}  so be careful
[11:55] {Beau} lol
[11:55] {Threei}  :)
[11:57] {cipher} out 1/2 camp .33 +.12
[11:57] {Threei}  sheesh LEN
[11:57] {Threei}  what a psychotic behavior
[11:57] {Threei}  oh boy
[11:58] {Threei}  just up intil this moment I thought Merkel was a sane one
[11:58] {Threei}  and she had to go right ahead and kill this ray of hope in me:
[11:58] {Threei}  (DE) Germany Chancellor Merkel: Finance industry needs to pay for overcoming the crisis
[11:59] {Threei}  seriosuly Angela? finance indistry is at fault that states borrowed beyond their ability to repay?
[11:59] {nemo} yeah, battlefield shuriken's were nasty...alot bigger and heavier than their tv versions
[12:00] {Threei}  shuriken... long forgotten word...
[12:00] {cipher} out remainder camp .36 +1.5
[12:00] {Threei}  LEN, why did I hesitate with .10 entry... :(
[12:00] {cipher} +.15
[12:01] {Beau} gj cipher
[12:01] {cipher} squeezed the last drop out of it
[12:01] {cipher} ty
[12:05] {dino} gj camp cipher
[12:05] {cipher} thx dino
[12:07] {nemo} nke could go either way here, but it's lunch
[12:10] {Threei} Long Setup:  FAZ  .10 break
[12:10] {nemo} well, nke was good for .40
[12:12] {nemo} nke could go to 92.40
[12:13] {dino} sure, or it could db
[12:14] {nemo} if the bottom of that pennant drops, probabl goes to 88.70 area
[12:14] {dino} chart looks up
[12:16] {dino} things have died
[12:18] {Threei}  FAZ stop is obvious
[12:19] {Threei}  let's see if we can catch the beginning market slide
[12:31] {Threei}  come on LEN
[12:32] {Threei}  it was just not very decent of you to rinse our second half
[12:37] {Threei}  market really can't decide either way
[12:37] {Threei}  my strong feeling is, next headline will decide
[12:37] {Threei}  and we really have no idea what it's going to be
[12:39] {Threei}  this is unique market guys
[12:39] {Threei}  totally genuine news market
[12:39] {Threei}  where everyone speculates about next turn and no one has real inside scoop
[12:49] {Beau} vad to your magic on spy
[12:49] {Beau} do
[12:49] {Threei}  let me try
06[12:49] * Threei hits SPY over the head with 2x4
[12:49] {dino} out camp .50, +.30
06[12:50] * Threei throws churiken in SPY's forehead
[12:54] {thomcbell} turducken
[12:57] {Threei}  sigh
[12:57] {Threei}  (EU) Fitch: result of EU summit eases near term pressures- Our initial assessment of the summit of EU leaders held in Brussels this week is that it has exceeded expectations, although these were low, and marks a positive step that eases near-term pressure on eurozone sovereign ratings
[13:00] {Threei}  http://blog.realitytrader.com/2012/06/how-this-market-is-unique.html
[13:01] {Threei}  Egypt's president-elect Mohammed Morsi vows to free blink sheik jailed in US for plot to blow up landmarks
[13:05] {dino} inbeleivable
[13:06] {Threei}  is he goling to storm the US?
[13:07] {Threei} Short Setup: LEN  .75
[13:07] {Threei}  If holds  .85 
[13:07] {Threei}  double top
[13:08] {scottie} in .74
[13:09] {Threei}  has 1:3 potential
[13:09] {_dolores} stop at .85?
[13:09] {Threei}  just above
[13:09] {_dolores} ok 
[13:10] {Threei}  13:04 high of the last bounce makes it's a resistance to place a stop above
[13:10] {Threei}  it a
[13:13] {Threei}  1:1, first partial out
[13:14] {Threei}  stop to .77
[13:14] {Threei}  scalpers are scalpers... be free
[13:14] {scottie} Half out +.09
[13:19] {nemo} SPY almost to weekly R1 at 135.75 if it breaks that, we go to QPP 136.37
[13:19] {nemo} the WR1 is at a volume resistance zone
[13:21] {dino} stop dia -.17
[13:21] {dino} calling it a day, thx all, good time, good week
[13:22] {dino} leaving behind gaps
[13:22] {Threei}  take care dino
[13:23] {_dolores} you too dino
[13:23] {nemo} amazing...just walking this up
[13:23] {Threei}  for the world of me... the more I read what they agreed for the less I see how this warrants such a move
[13:24] {nemo} just useless words on paper giving hope to the market
[13:24] {Threei}  ESFS/ESM can buy peripheral bonds
[13:24] {Threei}  that's all
[13:24] {nemo} creating a fed...not enough demand for US treasury bonds so the fed buys them
[13:24] {nemo} no demand for european bond, so they set up a mechanism to buy them
[13:24] {Threei}  their firepower is not nearly enough to solve all the debts, it's merely a short term relief
[13:24] {nemo} when this ponzi crashes...we're screwed
[13:25] {Threei}  and if thast is not enough, then main question:
[13:25] {Threei}  what's next when the debt is transfered?
[13:25] {Threei}  still debt, still same amount, and still no entity to repay it
[13:26] {nemo} politicians don't like reality
[13:27] {Threei}  and countries who debt is bought can't continue as they were, so they'll have to cut down on many things, so no growth, and no chance to increased revenue to start killing that debt
[13:27] {Threei}  who = whose
[13:27] {nemo} and even if economies picked up, oil would go through the roof
[13:28] {Threei}  there you go, from FT:
[13:29] {Threei}  the summit offers more questions than answers: �my fear is that, as so often in the past, the devil will prove to be in the detail. The more carefully one examines the text of the statement, the more questions are raised about how the proposed measures will actually work.�
[13:29] {Threei}  a few idiots on TV discuss how "Europe has at last grabbed the bull by the horns"
[13:30] {Threei}  I think I know how it ends for them and for the bull
[13:31] {Threei}  die already LEN
[13:31] {Threei}  downtrend is still intact
[13:32] {nemo} what statements I have read lead nowhere
[13:32] {Threei}  right
[13:40] {_dolores} out
[13:41] {Threei}  yeah, scalpers win
[13:46] {nemo} long signal again on iwm, but boy is it stretched
[13:53] {thomcbell} have a good one guys - im shutting it down - 
[13:53] {Threei}  take care tbell
[13:58] {nemo} now spy long setup, sheesh
[14:05] {scottie} Well that's it for me, have a good weekend all
[14:08] {Threei}  you too scottie
[14:14] {Threei}  great LEN
[14:14] {Threei}  lol
[14:18] {Threei}  (DE) German Fin Min Schaeuble: Reiterates opposed to euro bonds without a common financial policy; EFSF and ESM bond purchases will not occur without conditionality
[14:19] {_dolores} ESM bond purchase is like a bailout disguised
[14:20] {_dolores} you cannot place your debt at a reasonable rate so europe institutions have to buy it
[14:23] {Threei}  right
[14:24] {Threei}  but what happens next, when money is spent and ESM is on hook for bonds it's holding
[14:25] {_dolores} guess thye try to prevent that with the conditions that no one respects !
[14:25] {Threei}  exactly
[14:26] {_dolores} market wall here?
[14:26] {Threei}  they had cpnditions in the first place, and they were violated by most EU members
[14:26] {_dolores} yes
[14:26] {Threei}  nope, market breaks out
[14:27] {Threei}  now bailing out those who didn't keep the promise in the first place opnly creates moral hazard and guarantees repetition - just look at US banks that were bailed out for an illustration
[14:28] {Threei}  BAC, C... zombies
[14:28] {Threei}  not even speaking of FRE and FAN
[14:30] {Threei}  FNM, sorry
[14:31] {_dolores} yes
[14:53] {Threei}  so... do we get any fear during last hour?
[14:53] {Threei}  or hope springs eternal
[14:57] {nemo}  in one day wti erased the whole month's loss
[14:58] {nemo} up 9.5%
[14:58] {Threei} Long Setup:  TZA  .10 break
[14:58] {nemo} I was thinking long
[14:59] {Threei}  if SPY breaks, TZA shouldn't trigger
[14:59] {nemo} both IWM and SPY are holding trend lines
[15:01] {_dolores} in
[15:02] {Threei}  did it trigger?
[15:02] {_dolores} think so
[15:02] {Threei}  I must've missed
[15:02] {_dolores} if not let me know
[15:03] {Threei}  didn't see it going over .10
[15:03] {Threei}  but it should now
[15:03] {_dolores} ok
[15:04] {Threei}  still hasn't...
[15:04] {_dolores} ok
[15:05] {Threei}  well... now please?
[15:08] {Beau} vad what is meaning of large buy and sells.  
[15:08] {Beau} Any?
[15:09] {Threei}  can't tell without context
[15:10] {Threei}  they mean something in some cases, don't in others
[15:10] {nemo} it's like incest, all relative
[15:10] {Threei}  ok TZA
[15:10] {_dolores} so  now TZA triggered?
[15:10] {Threei}  let's do something good finally
[15:10] {Threei}  yes
[15:10] {Threei}  break of .10
[15:11] {_dolores} So you buy at 10 or at 11'
[15:11] {_dolores} ?
[15:11] {Threei}  .11
[15:12] {_dolores} ok thxs
[15:12] {_dolores} stop 10 cents?
[15:14] {Threei}  just under 18
[15:15] {_dolores} ok
[15:15] {Threei}  alternatively, under current low
[15:15] {Threei}  but that's a little bit unordinary
[15:15] {nemo} Gaws I have alot of work to do weekly monthly quarterly and semesterly levels all change this weekend
[15:15] {Threei}  lol
[15:17] {Threei}  a few cents more TZA please
[15:17] {Beau} you see 1:2
[15:17] {Threei}  I do, but then again...
[15:17] {Threei}  I see dead people too
[15:19] {Threei}  OK, let's partial here
[15:20] {Threei}  scalpers just get out
[15:20] {nemo} spy at trend but iwm dropped through, and spy doesn't look long at the moment
[15:22] {Threei}  sold half dolores?
[15:23] {_dolores} yes
[15:23] {_dolores} practising with small amounts
[15:23] {_dolores} to get the dea
[15:23] {Threei}  stop to .09 of course
[15:23] {_dolores} idea
[15:23] {Threei}  that's the way
[15:29] {nemo} long setups
[15:29] {nemo} so much for that
[15:30] {Threei}  1:2
[15:30] {Threei}  1/4 more out
[15:30] {Threei}  or sell the balance
[15:30] {Threei}  personal choice
[15:31] {Beau} took .12.  thanks vad
[15:31] {Threei}  :)
[15:36] {nemo} o.k. 1 shakeout early on the long
[15:40] {_dolores} ok guys see you next week
[15:40] {Threei}  have a good weekend dolores
[15:40] {_dolores} take care and have agreat weekend
[15:40] {_dolores}  thxs Vad 
[15:40] {nemo} GERMAN PARLIAMENT'S LOWER HOUSE APPROVES ESM EURO-BAILOUT FUND.
[15:41] {Threei}  not abiggie, was completely expected
[15:44] {Threei}  hmmm
[15:44] {Threei}  how do SPY and TZA go up together
[15:45] {Threei}  I will know market completely lost it when I see FAZ and FAS both going up
[15:46] {nemo} I have noticed that later in the afternoons spy and iwm disengage
[15:46] {Threei}  I see it sometimes within couple ticks
[15:46] {Threei}  which iks nromal
[15:47] {Threei}  but this move was way beyond that
[15:47] {nemo} it's been more prevalent the last few months
[15:47] {nemo} Remember, I look at them all day long
[15:47] {Threei}  yeah
[15:47] {nemo} boring, aren't I?
[15:47] {Threei}  you have double advantage
[15:47] {nemo} true
[15:48] {nemo} I'm handsome
[15:48] {Threei}  this, and you are three hours ahead of me
[15:48] {Threei}  umm, well... that'd rwuire second opinion
[15:48] {nemo} no, that's your advantage, you have the afternoon to enjoy
[15:48] {Beau} and modest and humble
[15:48] {Threei}  but you get news and market movements 3 hours earlier
[15:48] {Threei}  you and dino
[15:48] {Threei}  and scottie
[15:48] {nemo} 3 hours later
[15:49] {Threei}  while I and Beau have to wait
[15:49] {nemo} it's 4 here, it's 1 there
[15:49] {Threei}  lol
[15:49] {Threei}  so you knew at your 1 what we know at our 1, which is three hours later for you
[15:49] {Threei}  see?
[15:50] {Threei}  dp is at disadvantage too, but he starts drinking earlier
[15:51] {Threei}  ok guys, done for the week
[15:52] {Threei}  not an easy one
[15:52] {dptl} gn all
[15:52] {Beau} enjoy the weekend vad.  gonna use your camera?
[15:52] {Threei}  win one day, lose another, as opposite to out more typical 4 win, 1 lose
[15:52] {Threei}  very much so beau
[15:53] {Threei}  have a great weekend, see you on Monday
[15:53] {nemo} take care Beau
[15:54] {Beau} and you handsome.  good weekend.