Tuesday, July 10, 2012

July 10 2012

One of the "bug" days. We had a few very nice trades and stops were well controlled, but there were a few too many of them as we misread the market. Lately any kind of selloff was just a lead-up to rebound and return to the high, so we tried just that, and instead got into relentless downtrend. No wonder that one of the best trades was the one where we just went with the trend, even though it was well developed already. But oversold gets oversolder...

Session Time: Tue Jul 10 00:00:00 2012
[08:46] {dolores} hello good morning!!!
[08:46] {Threei}  dolores :)
[08:49] {thomcbell} interesting spot we are in - between two gaps and between weekly and monthly pivots 
[08:50] {thomcbell} truly no-mans land 
[08:50] {thomcbell} good scalp environment
[08:50] {Threei}  very true
[08:51] {Threei}  combined with low volume and uncertainty in every corner of the world...
[08:52] {thomcbell} sheldon talking pretty loud denial overnight Vad
[08:53] {Threei}  ?
[08:53] {thomcbell} LVS
[08:53] {thomcbell} against corrupt practice allegation
[08:54] {Threei}  trying to gap... will see wether market believes it
[08:55] {nemo} wall of worry...we'll grind up
[08:59] {nemo} Wpp on spy is 136.05
[09:03] {nemo} guess we'll be playing in the gap today
[09:04] {Threei}  in english?
[09:05] {jackharry} Good morning
[09:05] {Threei}  jack :)
[09:06] {dolores} hi jack
[09:11] {thomcbell} amat and amd both down big 
[09:13] {Threei}  Applied Materials Inc Cuts FY12 guidance to less than prior $0.85-0.90 v $0.94e, R$9.1-9.5B v $9.5Be; guides Q3 at lower end of prior $0.21-0.29 v $0.25e, Rev -10% to flat q/q
[09:14] {Threei}  Advanced Micro Devices Inc Reports prelim Q2 Rev -11% q/q (vs. flat to +6% q/q prior guidance) (now implies R$1.42B v $1.6Be)
[09:16] {Beau} good morning
[09:16] {Threei}  beau :)
[09:19] {scottie} gm
[09:19] {Threei}  scottie :)
[09:20] {Will49} GM
[09:20] {Threei}  will :)
[09:20] {Threei}  PFG Best story so soon after MF Global shows that there is never one cockroach...
[09:20] {ese} vad will beau jack dolores thom.....mornin
[09:20] {Threei}  ese :)
[09:23] {ese} opps and scottie
[09:23] {scottie} ;)I was about to say something 
[09:23] {ese} phewwwwww........
[09:24] {ese} saved myself in the nick of time
[09:24] {scottie} lol
[09:24] {Threei}  little entertainment before market open, read the comments: http://goo.gl/jmbiS
[09:26] {dptl} gm
[09:26] {ese} I kinda like the "man this is good weed"......very funny that
[09:26] {Threei}  dp :)
[09:26] {ese} dddddddddddddddddddpppppppppppppppppppppp
[09:26] {dptl} :)
[09:29] {nemo} bunch a frickin' juveniles
[09:33] {Threei} Long Setup:  MO  .50 break
[09:33] {Threei}  If holds  .45 
[09:33] {Threei}  not a scalp, slow climber candidate
[09:37] {Threei} Long Setup:  FCX  .80 break hl
[09:38] {Threei}  If holds  .75 
[09:38] {Threei}  if loses it, will change the trigger
[09:38] {Threei} Long Setup:  FCX  .70 break hl
[09:39] {Threei}  If holds  .65 
[09:39] {Threei} Long Setup:  FCX  .60 break hl
[09:40] {Threei}  valid still
[09:40] {Threei}  .53 stop
[09:44] {Threei}  no go
[09:44] {thomcbell} unusual tightness on lvs here initial
[09:44] {thomcbell} ly
[09:47] {Threei}  watching SLW for reversal
[09:48] {thomcbell} good spot at pivot 
[09:48] {Threei}  out MO
[09:48] {nemo} looking for iwm long by .55
[09:48] {nemo} break of .10 tna
[09:49] {Threei} Long Setup:  SLW  .35 break
[09:49] {nemo} stop under .00
[09:49] {nemo} nope
[09:50] {dolores} sorry ==?
[09:50] {dolores} 00?
[09:50] {nemo} .00
[09:51] {Threei}  stop under current low
[09:51] {Threei}  no
[09:51] {Threei}  not liking this morning
[09:55] {Threei}  (IT) Italy PM Monti: Will not rule out tapping the ESM program; there is no need to do it right now
[09:56] {ese} mako........
[09:57] {nemo} this is the WPP on IWM
[09:58] {nemo} long tna .86 stop under .77
[09:58] {Threei}  (IT) Italy PM Monti: confident Italy will not need a full bailout- Not interested in additional term as PM after current term ends next year
[09:59] {nemo} right
[09:59] {Threei} Long Setup:  FCX  .30 break
[09:59] {Threei}  If holds  .25 
[09:59] {nemo} sheesh
[09:59] {Threei}  (US) July IBD/TIPP Economic Optimism: 47 v 46.9e
[09:59] {nemo} mhhhh 50 sma fcx at 34 area
[10:00] {Threei} Long Setup:  SLW  .15 break
[10:00] {nemo} rinse
[10:00] {Threei}  If holds  .10 
[10:01] {nemo} summer trading is so pleasant
[10:02] {Threei}  what the deuce
[10:02] {nemo} reminds me of flossing with barbed wire
[10:02] {nemo} yeah, I'm waiting for longer time frames to strengthen
[10:02] {nemo} Remember my own advice from yesterday:  only the strongest setups
[10:03] {Threei}  keeping all stops tight and sizes small, but it's time for trades to start working
[10:09] {nemo} fcx 33.91 is 50 SMA
[10:09] {Threei}  both FCX and SLW are overstretched
[10:10] {Threei} Long Setup:  FCX  .05 break
[10:11] {Threei}  stop under 34
[10:11] {nemo} serious volume
[10:11] {Threei} Long Setup:  SLW  .10 break
[10:12] {Threei}  If holds  27 
[10:14] {Threei}  FCX target .35 - .40
[10:14] {Threei}  partials around .15 and .25
[10:15] {Threei}  SLW target .45
[10:15] {nemo} l tna .36 small stop under .30
[10:15] {nemo} 1/2 .49
[10:15] {Threei}  first piece out FCX
[10:16] {Threei}  stop to .03
[10:17] {nemo} sheesh
[10:17] {Threei}  (DE) Germany Bundesbank's Weidmann: Bailout rules have been weakened - testimony to high court
[10:17] {Threei}  this may be the reason for so much weakness... fear that court says no to latest agreements
[10:18] {Threei}  which would send market down screaming
[10:19] {Threei}  scalpers win
[10:20] {Threei}  SLW stop
[10:20] {Threei}  one of those days
[10:21] {nemo} was typing tna .15 break...sheesh
[10:21] {nemo} l fcx .01
[10:21] {nemo} stop under .95
[10:22] {nemo} see that huge volume doji
[10:23] {nemo} wow .08 bid volume
[10:24] {nemo} yep, rueing missing that tna trade
[10:24] {ese} ah buggar it L wdc .68
[10:24] {nemo} 1/2 out .12 fcx
[10:24] {ese} 3/4
[10:25] {nemo} looking for .30 area target
[10:25] {Threei}  LVS, pullback to .60 for entry
[10:28] {Threei}  no pullback, and I am not fond of breaks right now
[10:30] {Threei}  now FCX is working
[10:31] {nemo} yeah, I was in at .01 but missing that tna trade...ow
[10:34] {nemo} wlp could be nice short
[10:35] {Threei} Long Setup:  X  .55 break
[10:35] {Threei}  If holds  .50 
[10:36] {nemo} bummer, looks like I'll be stopped out of fcx
[10:38] {ese} out wdc .51 -.17
[10:38] {nemo} out
[10:38] {Threei} Long Setup:  LVS  .60 break
[10:38] {Threei}  If holds  .55 
[10:39] {nemo} small short wlp .24
[10:39] {nemo} stop above .30
[10:40] {Beau} ^^%$^&*()&%*
[10:40] {Threei}  I agree
[10:40] {nemo} spy at monthly pivot
[10:41] {Beau} buy in red ink company
[10:41] {nemo} out wlp
[10:42] {nemo} my broker is happy, I'm not
[10:42] {Threei}  bug day
[10:42] {nemo} I'm barely positive
[10:43] {nemo} gonna' go buy a pack of gum
[10:47] {nemo} hah, fcx bottom is the 50 sma
[10:48] {Threei}  half out LVS
[10:48] {Threei}  mostly to see how green looks like
[10:49] {Threei}  stop to .58
[10:51] {ese} L cnc .91
[10:58] {Threei} Long Setup:  CAT  .05 break
[10:59] {Threei}  If holds  .95 
[11:00] {Threei}  (DE) German Constitutional Court could take several months to rule on constitutionality of the ESM, rather than the three weeks cited by many commentators - Der Spiegel
[11:00] {Threei}  yikes
[11:01] {nemo} fcx .96 long
[11:01] {nemo} stop under low
[11:01] {nemo} small
[11:01] {Threei}  IMF comments on Italy deficit forecasts; sees 2012 deficit forecast at 2.6%/GDP vs 2.4% prior forecast
[11:02] {Threei}  if this really stretches by months, market won't like it all
[11:04] {nemo} scratching this fcx trade
[11:04] {Threei}  SPY breaks down
[11:05] {nemo} if market is still stong, it'll turn in the next .20-.25 or so
[11:06] {Threei}  my timing for playing bounces today instead of shorting them couldn't be worse
[11:06] {nemo} well, got rinsed (my fault) on fcx
[11:07] {dptl} see ya tomorrow all...
[11:07] {nemo} spy touched SPP
[11:07] {nemo} that's the bottom so far
[11:08] {Threei}  LVS held the low
[11:08] {Threei} Long Setup:  LVS  .55 break
[11:08] {Threei}  If holds  .50 
[11:09] {nemo} I would short below .50 also
[11:09] {Threei}  yeah, looks two-sided
[11:09] {nemo} nothing until .40
[11:09] {nemo} 40
[11:10] {Threei}  although hold the range while SPY makes new lows, my inclination is more on a long side
[11:10] {nemo} yes, but...spy still in downtrend
[11:11] {nemo} 1:1 long
[11:11] {nemo} nibbled tna .41
[11:11] {Threei}  half out .63
[11:11] {nemo} small
[11:11] {Threei}  stop to .54
[11:11] {nemo} stop under .l30
[11:11] {nemo} partial .54
[11:12] {nemo} stop is .34
[11:13] {nemo} this doji on spy IWM would be an entry if it breaks it
[11:13] {Threei}  1/4 more out .67
[11:13] {Threei}  stop .58
[11:18] {nemo} added to tna .51
[11:18] {Threei}  out last piece .75
[11:18] {Threei}  finally something worked
[11:19] {ese} L some more cnc Avg .95
[11:19] {nemo} this is serious level for spy it drops it, get's interesting
[11:19] {nemo} took that add off .62
[11:19] {Threei}  don't tell me no one took this LVS trade
[11:19] {nemo} early of course
[11:19] {nemo} I was busy
[11:20] {Will49} :)
[11:20] {jackharry} yes LVS, out at .72
[11:20] {Threei}  whew
[11:22] {thomcbell} nope 
[11:22] {nemo} 1/4 more the original .72
[11:22] {thomcbell} good one 
[11:22] {thomcbell} nice scalp
[11:23] {Threei} Long Setup:  FCX  .90 break
[11:23] {Threei}  If holds  .85 
[11:25] {nemo} stop is .59
[11:25] {Threei}  mot likeing it
[11:26] {Threei}  right
[11:26] {Threei}  out
[11:26] {dolores} FCX not dfollowing the market
[11:26] {ese} hmmmmmmm wonder if i'm thinkin properly today.......had 280 cool ones in my pocket and didn't take it with cnc.............hmmmmmmmmmmmmmm
[11:26] {Threei}  no, weak beyond repair
[11:27] {ese} vad can you give me a read on cnc 1min chrt
[11:28] {Threei}  looks long to me still, as far as it stays above .80
[11:28] {ese} tks
[11:28] {Threei}  and should reach .20 - .30 with any market help
[11:28] {ese} tks 
[11:29] {Threei}  wow, we sold LVS early
[11:29] {nemo} I am out
[11:32] {ese} thats a nice lvs bounce there
[11:32] {nemo} topped out so far at vwap
[11:33] {nemo} higher low, that may be it
[11:33] {Threei} Long Setup:  IWM  80 break
[11:33] {Threei}  If holds  .90 
[11:34] {Threei}  target .35
[11:34] {nemo} pivot is .21
[11:36] {nemo} l tna .71
[11:36] {nemo} mhhh...make that .72
[11:36] {ese} in
[11:36] {nemo} small of course
[11:37] {ese} yes
[11:37] {nemo} not giving this much room
[11:37] {nemo} don' tlike that wick on the doji
[11:38] {nemo} 1/2 .81
[11:38] {ese} then light it
[11:38] {nemo} stop .58
[11:40] {nemo} kinda got nice trends building off the bottoms now
[11:40] {Threei}  my feeling too, and that's why I assigned such target to IWM
[11:41] {Threei}  this kind of relief reversals can go surprizingly far
[11:41] {ese} 1/2 out iwm .06 +.06
[11:43] {ese} out blance .00 +.00
[11:43] {ese} good enough...still following cnc
[11:43] {ese} tks vad
[11:44] {Threei}  sure
[11:44] {Threei}  I still feel it's capable of more
[11:45] {Threei}  (US) CFTC confirms approval of definition of term 'swap'; Vote was 4-1 related to Dodd Frank legislation- Compliance dates for key reforms will now be triggered
[11:45] {Threei}  oh good
[11:47] {ese} huh?     what the H does that mean
[11:47] {Threei}  now that we have definition os "swap," all Clinton wants is a definition of "is" and "that woman"
[11:47] {ese} rotflol..........
[11:48] {ese} you sneaky devil you
[11:48] {ese} that made my day
[11:48] {Threei}  that makes you the only one here today, lol
[11:50] {Threei}  yeah, we figured the reason for weakness right:
[11:50] {Threei}  Despite the slightly better tone overnight, there has been a great deal of nervousness about the initial arguments before the German Constitutional Court today, which stated that it would take months to rule on the constitutionality of the ESM fund under German law, rather than the weeks anticipated. The court may also hand down an injunction against German participation until it rules on the case, further delaying the start of the fund. After opening up approximately 0.5% a piece this morning, US equity indices have dropped into negative territory. The euro is sliding lower, dropping below the 1.2250 level for the first time since the summer of 2010. Crude is down a few cents, dropping below the $85 handle again.
[11:52] {ese} f^%#ing thing?    is that what you were going to say
[11:58] {nemo} iwm long setup above .05
[12:04] {Threei}  come on IWM
[12:04] {Threei}  start giving back
[12:04] {Threei}  to the community
[12:04] {ese} ya......what he said
[12:10] {nemo} orly shortbelow .65
[12:10] {nemo} stop .75
[12:18] {nemo} stop is break even now
[12:20] {nemo} mmmhhh market on 15 minute looking bullish
[12:23] {nemo} this is reminding me of yesterday
[12:27] {nemo} oh well
[12:29] {ese} same
[12:30] {nemo} arguabl long spw or iwm here
[12:32] {nemo} mmhhh...moved my original stop
[12:39] {Threei}  woohoo
[12:39] {Threei}  just a few hours latre, and we have 1:1
[12:39] {Threei}  well, 1 hour 6 min
[12:41] {Threei}  (EU) US Fed's Bullard (Hawkish, non-voter): Chances for finding resolution to the EMU's crisis are 'distant'; have marked down probability that the nations can find a solution- Concerned that the crisis has pitted a fast moving financial market against a slow moving political process, and that the financial markets are essentially splitting up Europe.
[12:41] {ese} well done
[12:41] {Threei}  stop .98
[12:52] {nemo} we
[12:52] {nemo} we're still building a rounded bottom base on spy
[12:52] {nemo} from the 6th
[13:22] {nemo} wow 
[13:22] {Threei}  no news
[13:22] {Threei}  what a wierd day
[13:22] {Threei}  weird too
[13:23] {nemo} bounced right at qpp
[13:23] {nemo} well, could be the stop hunt before it rips up
[13:24] {Will49} somebody knows something we don't
[13:24] {nemo} sheesh
[13:32] {Threei}  this is not a flike and not a technical selling
[13:32] {Threei}  fear is back in full force
[13:32] {nemo} well, we haven't tested yesteday's lows on spy but we are lower on IWM
[13:33] {Threei}  remember article "how this market is unique"?
[13:33] {Threei}  what happens today is embodiment of that
[13:34] {Will49} didn't the whole world go "unique" in 08/09?
[13:34] {Threei}  not really
[13:34] {Threei}  market acted ina normal way
[13:35] {nemo} yeah, this time there's no backstops left
[13:35] {Threei}  it discounted a lot of news that was computable
[13:35] {Threei}  and reacted in real time of genuine news
[13:35] {nemo} we're near the "there be dragons" border
[13:35] {nemo} wow, qcor
[13:35] {Threei}  these last few months, about 6 or 7, we have a very different situation
[13:36] {Threei}  and one I've never seen, nor heard of a read about
[13:36] {Threei}  or read
[13:36] {Threei}  market knows news is coming, and can't factori it in
[13:37] {Threei}  re-read that article once again to see clearly what I mean
[13:37] {Threei}  this phrase above is a very very atypical for the market
[13:37] {Threei}  it either has no way to know about news coming, or it can factor it in
[13:38] {Threei}  to see it coming and not being able to discount it is really unique
[13:47] {dolores} fcx has no bottom today?
[13:47] {Threei}  looks like
[13:48] {jackharry} LVS holding the 41.50 again
[13:49] {Threei}  if I played anything long here, it would be LVS
[13:50] {Threei}  US Senate committee to question Geithner, Bernanke on London interbank offered rate scandal
[13:51] {Threei}  hmmm... I bet 95% of them have to look up LIBOR in Investopedia before question them
[13:52] {Threei}  (EG) Egypt Supreme Constitutional Court rules to halt the weekend decision by Pres Morsi to recall parliament
[13:52] {Threei}  - NOTE Jul 8th: (EG) Egypt Pres Morsi has annulled the decision by the Supreme Court to dissolve Islamist-dominated parliament, invites lawmakers to reconvene
[13:52] {ese} try all of them
[13:53] {Threei}  so they ruled each other wrong
[13:53] {Threei}  whihc means third party is needed
[13:53] {Threei}  and sure enough:
[13:53] {Threei}  Report noting the decision sets up a potential confrontation with the military council
[13:53] {Threei}  why did we help oust Mubarak, tell me again?
[13:54] {nemo} I'm still wondering why we ousted Hussein
[13:54] {Threei}  lol
[13:54] {nemo} I'm serious
[13:54] {Threei}  he was generally unpleasant?
[13:55] {Threei}  LVS lost support
[13:55] {Threei}  probably just a shakeout
[13:55] {Threei}  kangarioo tail
[13:55] {Threei} Long Setup:  LVS  .50 breal
[13:55] {Threei}  If holds  .40 
[13:56] {ese} was stealing money .....like they all do......
[13:57] {Threei}  you don't want to put in jail every one who is stealing
[13:57] {Threei}  easier to announce Earth a jail
[13:59] {ese} lol.........hm ok.........i never looked at it like that
[13:59] {Threei}  then you can deport to Mars 10-20 honest guys if you can find them
[14:00] {ese} thats another hmmmmmmmm
[14:00] {Threei}  in the process you'll find out that they never stole anything simply because they never had a chance
[14:06] {Threei} Long Setup:  TZA  .05 break
[14:06] {Threei}  and if this poing is market reversal upward, then I am simply cursed today
[14:07] {Threei}  If holds  18  for scalpers, .95 day traders
[14:09] {thomcbell} lvs getting near reaction low low at doji 41 
[14:09] {thomcbell} right at 41
[14:11] {Threei}  scalpers of type I got 1:1
[14:12] {Threei}  half out .13
[14:12] {Threei}  stop to .03
[14:13] {Threei}  your kind of play ese
[14:13] {Threei}  small move, big shares
[14:15] {nemo} what was the news on qcor
[14:15] {dolores} vad madev a mistake in FCX
[14:15] {dolores} please advice
[14:15] {Threei}  hit by Cotron
[14:15] {Threei}  citron
[14:15] {dolores} in at  33.28
[14:16] {Threei}  Questcor Pharma Citron makes cautious comments (timing uncertain)- Citron suggests QCOR should drop to a single digit stock within 18 months, noting that the active ingredient in its lead product is widely available in a generic form.
[14:16] {Threei}  keep disaster stop under .10, IMO
[14:16] {Threei}  and see if you can get a bounce closer to b/e
[14:17] {Threei}  TZA, 1/4 more out .19
[14:17] {Threei}  stop to .09
[14:18] {Threei}  (GR) Greece said to have cash to fund its operations for one more month - financial press
[14:19] {Threei}  FCX not holding support
[14:20] {Threei}  last portion TZA out .26
[14:20] {Threei}  +.20
[14:20] {Threei}  wnyone?
[14:21] {Threei}  anyone
[14:21] {Will49} +16 on paper
[14:21] {jackharry} half at .16, 1/4 at .19, and final piece at .21 on trail, thank you 
[14:21] {Threei}  :)
[14:22] {Threei}  not filling the hole completely but takes some sting out
[14:22] {Will49} Yes...I like that:)
[14:23] {Threei}  I would like getting back in black even more, but...
[14:23] {Threei}  kind of tough to do woth the morning we had
[14:23] {Will49} It is what it is
[14:28] {Will49} as bill clinton would say
[14:28] {Threei}  lol
[14:28] {Threei}  you still on FCX dolores?
[14:29] {dolores} sold some
[14:29] {dolores}  back in lopwer
[14:30] {thomcbell} lvs under 41 
[14:30] {Threei}  what price?
[14:31] {dolores} all out
[14:31] {Threei}  OK... leave it alone
[14:31] {Threei}  strong downtrend
[14:31] {Threei}  guessing the bottom is not what you want to do
[14:31] {thomcbell} just saying it broke 41 - i didnt play the 41 break 
[14:31] {thomcbell} but i suppose it is valid - i would stop at 41.01 if taken 
[14:31] {Threei}  sorry tbell, talking to dolores about FCX, not LVS
[14:32] {thomcbell} ok no worries
[14:44] {ese} zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz
[14:44] {thomcbell} have to run guys - talk tomorrow
[14:44] {ese} cya T
[14:44] {Threei}  take care tbell
[14:55] {dolores} market here vad?
[14:55] {Threei}  pretty much another breakdown...
[14:55] {dolores} ok
[14:56] {Threei}  it may double bottom and bounce, but I wouldn't want trae it
[14:56] {ese} out cnc .20 +.25 on 1600shs
[14:56] {ese} thats it for me today.......
[14:56] {Threei}  wtg
[14:57] {ese} tks vad......
[15:27] {Threei}  looking for one last trade
[15:29] {Threei} Long Setup:  TZA  .40 break
[15:29] {Threei}  If holds  .30 
[15:32] {ese} i'll take that bet
[15:34] {ese} in
[15:34] {ese} 41
[15:35] {nemo} wow first strong divergence I've seen on a higher time frame today
[15:36] {Beau} me too for one last try
[15:36] {nemo} we're at Monthly Pivot on IWM with the quarterly .06 below
[15:37] {ese} sloth
[15:38] {Threei}  my eyes betray me... read it asd "we are at Monty Python..."
[15:38] {Will49} :)
[15:38] {Threei}  see, all cultural references are not lost on me...
[15:38] {dolores} CMI gave up the bounce
[15:39] {ese} out tza .40
[15:39] {ese} phones ringin
[15:39] {ese} gotta take the call
[15:40] {Threei}  stop to .34
[15:40] {Threei}  now, break down SPY, you hear?
[15:41] {ese} cyall tomorrow......got a meetin to go to
[15:41] {Threei}  take care ese
[15:41] {ese} cya vad
[15:45] {nemo} short covering
[15:45] {Threei}  oh well
[15:46] {dolores} some covering into the close
[15:46] {Threei}  very weak but enough to cut this trade
[15:49] {Threei}  so, as usual after a bug day, we are looking to become a windshield tomorrow
[15:49] {nemo} checking with my other trading buddies around the net...bug day all around
[15:49] {Will49} that doesn't sound promising
[15:50] {nemo} Some day you get the bear, some day the bear gets you
[15:50] {Threei}  why not?
[15:50] {nemo} Summer is not easy to trade usually either
[15:50] {Will49} Don't ask me :)
[15:50] {Will49} Newby here
[15:51] {dolores} what is a bug day?
[15:51] {nemo} Some day's your the windshield some day you're the bug on the windshield
[15:51] {Threei}  "some days you are a bug, some days you are windshiled"
[15:51] {Threei}  today we were a bug
[15:51] {nemo} You know the joke, Last thing to go through a bees mind when it hits the windshield?
[15:51] {dolores} nope
[15:52] {Will49} still doesn't sound promising
[15:52] {Threei}  dino's special
[15:52] {nemo} Will, worst two months of the market  in 2008 Vad didn't have a losing day
[15:52] {nemo} Nature is unkind.....the vicissitudes of the market
[15:53] {Will49} That's why I'm here
[15:53] {Threei}  we had a trend and a lot of volume
[15:53] {Threei}  and crowd was fighting the trend
[15:53] {dolores} when you are a bug means loss?
[15:53] {Threei}  that's my environment
[15:53] {Threei}  yes dolores
[15:53] {dolores} that you are wiped by the windshield?
[15:53] {Threei}  right
[15:53] {dolores} ok
[15:53] {nemo} Interesting how markets of late that I can remember will finish at the high, but rarely at the lows...there's not enough conviction for the shorts to stay short overnight
[15:54] {Threei}  OK guys, we will get them tomorrow
[15:55] {Threei}  thank you all, have a good evening
[15:55] {Will49} Enjoy the VI sun Vad
[15:55] {nemo} [15:36] {nemo} wow first strong divergence I've seen on a higher time frame today
[15:55] {Threei}  :)
[15:58] {dolores} ok guys  see you tomorrow
[15:58] {dolores} have agood evening