Tuesday, July 17, 2012

July 17 2012

Very quiet and boring but profitable day. Not much to add.

Session Time: Tue Jul 17 00:00:00 2012
[08:53] {dolores} hello GM
[08:53] {Threei}  dololres :)
[09:03] {Threei}  (GR) Greece Finance Ministry official: Seeking bridge loan to cover financing needs until September**Reminder: On July 10th reports circulated that Greece had enough cash to fund its operations for one more month
[09:06] {jackharry} Good morning
[09:07] {Threei}  jack :)
[09:07] {nemo} so a gap and delayed go, or gap and delayed fade?
[09:07] {Threei}  both
[09:07] {nemo} ahhhh....the old definite maybe
[09:08] {Threei}  fade first, then bottoming outm slow reversal, then climb back to high and making new high
[09:08] {nemo} o.k.  then, you so sure, send me six numbers
[09:08] {Threei}  ask Hurley
[09:09] {nemo} who?
[09:09] {Threei}  immm... big dude fronm Lost?
[09:09] {Threei}  6 numbers?
[09:10] {nemo} ohh...never watched it
[09:10] {scottie} gm
[09:10] {Threei}  scottie :)
[09:10] {Threei}  arguably, the best show of all times in its genre
[09:14] {ese} gm
[09:15] {Threei}  ese :)
[09:18] {Beau} good morning
[09:18] {Threei}  beau :)
[09:20] {Will49} I know you're there:)
[09:20] {Threei}  who in particular?
[09:20] {Will49} God morning!
[09:20] {Will49} Good
[09:21] {nemo} you called...
[09:21] {Will49} four listed as "chatting"
[09:21] {Threei}  I'll be careful and say just "morning"
[09:21] {Will49} or "God" it's mroning AGAIN
[09:21] {Will49} morning
[09:22] {Threei}  lol
[09:22] {Will49} Hope we have a day like testerday....exciting
[09:23] {Will49} Not only do I have to learn to trade, I need to learn to type
[09:23] {Threei}  why
[09:24] {Threei}  never prevented anyone from trading
[09:24] {cc_8} yea i understood every word you typed will
[09:24] {nemo} well, it could if you keyboard trade
[09:24] {Threei}  I mean, look at my typing
[09:24] {nemo} lets not
[09:24] {Threei}  seal typing with fins would do equally
[09:25] {Will49} Sorry, I was away getting first coffee of th morning
[09:26] {Will49} In spite of nemo, I really like this chat room :)
[09:26] {Threei}  words separated just one or two different letters out of four are considered dangerously close... look how easy it is to mistype "meat" and beer"
[09:26] {nemo} Taking a page out of Vad's book...how tacky
[09:26] {Will49} Isn't that whta we do here? put on a trade-insult Nemo, put on a trade-insult nemo
[09:27] {Threei}  it's certainly true both ways... he is here to trade and insult others
[09:27] {nemo} Will49...there are many people who took that strategy who are no longer with us
[09:27] {Threei}  lol
[09:28] {Will49} OK-fore-worned is for-armed
[09:28] {Threei}  MOS
[09:28] {Threei}  decent earnings
[09:28] {Threei}  and conf call
[09:29] {Threei}  IWM on radar for 80 break
[09:29] {nemo} or if you want to mess up your typing forearmed
[09:30] {Will49} :)
[09:31] {dolores} are we in IWM?
[09:31] {Threei}  and MOS for 57
[09:31] {nemo} so hot today my cpu's are already at 45c
[09:31] {Threei}  not yet
[09:31] {Threei} Long Setup:  IWM  80 break hl
[09:32] {Threei}  If holds  .90
[09:33] {Threei}  MOS got away
[09:34] {nemo} 58.22 resistance, of course 58 will likely be too
[09:36] {Threei} Long Setup:  SLW  .95 break
[09:36] {Threei}  If holds  .85
[09:36] {Threei}  wasd it obtainable?
[09:37] {Threei}  missed while typing
[09:37] {dolores} no
[09:37] {jackharry} no go slw
[09:37] {Threei}  ok, reached 1:1 so no secondary entry if pulls back
[09:37] {nemo} vvus
[09:39] {Threei}  IWM 1:1
[09:39] {scottie} iwm +.11 ty
[09:39] {Threei}  yw
[09:39] {Threei}  Ben's speaking at 10
[09:39] {Threei}  In today's testimony Bernanke is expected to deliver a dovish message on the recent economic data and again discuss some of the Fed's future easing options. He should reiterate the Fed's readiness to take new action if the data dictate it, though those who are hoping for a pre-commitment to QE3 today will likely be disappointed. He will also likely take the time to urge the Congressional committee to do its work to avoid the "fiscal cliff."
[09:39] {nemo} edu bouncing all over the place
[09:40] {Threei} Short Setup: LVS  .75 break hl
[09:40] {dolores} edu investigation I think
[09:40] {dolores}  be careful
[09:40] {Threei}  If holds  .85
[09:40] {nemo} oh yeah, the way it trades is jittery
[09:41] {nemo} I'm not an investor...by the way
[09:41] {Threei}  (US) Preview: July NAHB Housing Market Index due out at 10:00ET- Consensus expectations 30.0e v 29.0 prior (highest since 2007)
[09:42] {Threei}  close LVS who got it
[09:42] {Threei}  1:2 in one swoop
[09:45] {Threei} Long Setup:  IWM  ..80 break
[09:46] {Threei}  Invalidated
[09:47] {nemo} mon likely a short here
[09:47] {Threei}  something spooks the market badly
[09:47] {nemo} but stop a bit large
[09:47] {nemo} Wile E. Coyote
[09:47] {Threei}  The Goldman Sachs Group Inc CEO: Goldman is managing its risk profile conservatively; Goldman will not generate "acceptable" ROE in the current environment - conf call
[09:50] {Threei} Short Setup: CAT  81 break hl
[09:52] {Threei}  Invalidated
[09:55] {Threei} Long Setup:  IWM  .60 break
[09:55] {Threei}  If holds  .50
[09:57] {dolores} in
[10:00] {Threei}  *(US) JULY NAHB HOUSING MARKET INDEX: 35 V 30.0E
[10:00] {dolores} out
[10:00] {Threei}  huh?
[10:00] {Threei}  what the deuce
[10:00] {nemo} less likely to get QE
[10:01] {Threei}  (US) Fed Chairman Bernanke: Q2 growth will likely be less than +2%, US economy continues to slow, Fed is prepared to take stronger action to aid the economic recovery - Monetary Policy Report to Senate
[10:01] {Threei}  Euro vs US Dollar USD firms on initial Bernanke statement on no hints to QE3
[10:02] {Threei}  we need a roll of duct tape on his mouth
[10:03] {pragmatic} :)
[10:03] {dolores} wll depend now in the questions
[10:03] {Threei}  right trade, right number that should have propelled the market, but he had to come up with his meaningless noise at the very same moment
[10:04] {nemo} tna .21
[10:04] {Will49} sitting here learning the hard way:s
[10:04] {dolores} he will spak in 10 minutes
[10:04] {nemo} stop under .10
[10:05] {nemo} cya
[10:08] {nemo} try again long .06
[10:08] {nemo} stp under .95
[10:08] {nemo} 1:1
[10:08] {Threei}  LVS on watch for long entry if loses .20 but holds .10
[10:09] {nemo} taking some .30
[10:09] {nemo} spy likely to .37
[10:10] {nemo} i'm out under the whole
[10:12] {nemo} offering .45 nother 1/4
[10:12] {nemo} cool
[10:13] {nemo} if spy get's through .37 level, looking for vwap descending from .60
[10:14] {nemo} stop under .25 for last
[10:14] {dolores} bernanke started speaking
[10:14] {nemo} might add if spy gets through .40
[10:16] {nemo} looked away, missed my stop...thank gawd
[10:16] {nemo} low was .19, so we'll make it there
[10:18] {nemo} yep, that .19 level important
[10:19] {Threei}  starting to get interested in TSN bounce
[10:19] {Threei}  looking at daily, seems it has been punished enough fior now
[10:20] {nemo} keep your eyes on the screen nemo
[10:20] {nemo} out
[10:21] {nemo} I'm going to regret that
[10:21] {nemo} arguably .26 was another entry
[10:21] {Threei}  scanner practically stopped
[10:22] {dolores} market recovered 30 points and IWM still down?
[10:23] {ese} ok....off the phone to hampshire england.......whats the scam? whats happennin?
[10:23] {Threei}  IWM bounced in proportion with SPY
[10:23] {nemo} yeah, could have entered spy around .21 or upro or tna
[10:24] {Threei} Short Setup: HPQ  .70 break
[10:24] {nemo} nflxy heavy
[10:25] {nemo} stop would have to be .69
[10:25] {Threei}  If holds  .80
[10:26] {nemo} this will be good if it gets a littly higher
[10:27] {nemo} C&H SPY IWM
[10:28] {nemo} shorted .50 small
[10:30] {nemo} stop is b/e this is agita stock
[10:31] {nemo} turning into appointment stock
[10:32] {nemo} out
[10:34] {nemo} rinse
[10:34] {nemo} nflx
[10:35] {nemo} yeah, that hurt
[10:35] {Threei}  1:1 HPQ
[10:35] {Threei}  cover half
[10:36] {Threei}  or be a pesky scalper
[10:38] {dolores} direct question on Q3
[10:38] {nemo} oy vay, the pain
[10:38] {Threei}  yes, and his voice starts shaking immediately
[10:39] {Threei} Short Setup: LVS  .10 break hl
[10:39] {Threei}  If holds  .20
[10:41] {Threei}  stop to .16
[10:45] {Threei}  HPQ 1:2
[10:45] {Threei}  out
[10:46] {Threei}  out LVS
[10:47] {Threei}  anyone is breathing?
[10:47] {Threei}  or you are all in coma?
[10:47] {Will49} semi                                                                    
[10:48] {scottie} couldn't take HPQ, in LVS stopped out
[10:49] {jackharry} got HPQ, missed LVS, decided not to go in when it got back to .10
[10:50] {Will49} missed LVS...looking the wrong way
[10:50] {Threei}  you closed HPQ in full yet, jack?
[10:51] {jackharry} yes, thanks
[10:51] {Threei}  :)
[10:52] {scottie} ebay db?
[10:53] {Threei}  chart wise yes... news on it is unpleasant
[10:53] {Threei}  AMZN eats its lunch
[10:53] {scottie} since when are you reading news
[10:53] {Threei}  allowed to do auctions now
[10:53] {Threei}  always was
[10:53] {scottie} lol
[10:54] {Threei}  doesn't mean I trade them directly
[10:54] {Threei}  but comparing news and reaction on it is a very powerful tool
[10:55] {Threei}  http://blog.realitytrader.com/2011/09/news-tradeem-or-fadeem.html
[10:57] {Threei} Long Setup:  TSN  .40 break
[10:57] {Threei}  If holds  .35
[11:01] {Threei}  no action anywhere
[11:02] {Will49} shell shocked
[11:02] {Threei} Long Setup:  CAT  .20 break
[11:02] {Threei}  hl
[11:03] {Threei}  If holds  .05
[11:06] {Threei}  1:1
[11:06] {scottie} +.11 ty
[11:06] {Threei}  :)
[11:07] {Threei}  someone unplugged the market
[11:07] {Threei}  dino tripped over the cord or what
[11:09] {dolores} TSn still on{'
[11:09] {dolores} ?
[11:09] {Threei}  yes, just triggered
[11:10] {Threei}  this is slow one, even by today's slow market standard
[11:11] {Threei}  but thwe stop is negligibly small, and potential is very nice... I mean look at its daily
[11:11] {Threei}  IMO, this try is worth 6 cents risk
[11:11] {dolores} OK
[11:13] {nemo} time to look at spxu
[11:13] {Threei}  out CAT ikn full
[11:13] {nemo} .11 long
[11:13] {nemo} stop the whole
[11:14] {Threei}  no go STN
[11:16] {Beau} darn and I was playing TSN.
[11:16] {Threei}  TSN
[11:16] {Threei}  forgive the disxleksic
[11:16] {nemo} mmhhhh...the insomniac dislexic agnostic joke
[11:17] {nemo} 1/2 .23
[11:17] {Beau} ok if I knew what it is. vodka cure it?
[11:20] {Will49} why no go on TSN?
[11:20] {Threei}  lost .35 where stop was located
[11:21] {Threei}  10:57] {Threei} Long Setup: TSN .40 break
[11:21] {Threei}  [10:57] {Threei} If holds .35
[11:21] {Will49} tks
[11:21] {Will49} Had a lower stop
[11:21] {Will49} .32
[11:22] {Threei}  why?
[11:22] {Will49} inexperience
[11:23] {Will49} not following our leader
[11:23] {Will49} you
[11:25] {nemo} damn cult of personality around here
06[11:26] * Threei sumberges in Stalin, chapter 4
[11:26] {Beau} trying to resist that great straight line
[11:27] {nemo} good old uncle Joe
[11:27] {Threei}  "Rule #1. He who badmouthes you is to be buried in permafrost of Gulag"
[11:28] {nemo} arguably should add above .20, but I feel like I'm adrift in the tradewinds
[11:28] {Will49} hear that nemo?
[11:28] {nemo} Big Stick Will
[11:28] {Threei}  winds of Siberia
[11:29] {dolores} Gs breaking down
[11:31] {nemo} don't think I'll do broccoli and yogurt again
[11:31] {Will49} :)
[11:32] {Will49} Am I allowed to smile at nemo?
[11:33] {nemo} it makes me uncomfortable
[11:33] {Will49} just shy?
[11:33] {Threei}  whis is highly desirable outcome
[11:33] {nemo} wow some guy shot up a bar and wounded 17 people in Alabama...what a lousy shot
[11:34] {Will49} LOL
[11:34] {dolores} GS  about to test yesterdays close
[11:34] {Will49} I'll never smile at you again
[11:35] {nemo} missed 1:2 by a fricken penny on spxu, I'm out under .10
[11:36] {nemo} mos probably ging to test the highs
[11:36] {nemo} in .76
[11:36] {nemo} just looking for a scalp
[11:37] {nemo} stop under .65
[11:37] {nemo} this is small too
[11:39] {nemo} oh well
[11:39] {nemo} trading against th market
[11:39] {nemo} figures
[11:48] {ese} Vad....I still don't get todays price action......I re read your blog as posted above and I know Bernackers is speaking but i'm confused......was it to pre price in his (as per usual) negative news to shake investors out or some other senario.....
[11:49] {Threei}  I think you are overanalyzing it
[11:49] {Threei}  it's widespread confusion that determines these days action
[11:50] {Threei}  we have EU falling apart overall but more or less stabilized over last weeks,
[11:50] {Threei}  we have fiscal cliff coming, but there is an election before that,
[11:51] {Threei}  and Fed aruably acting as supporter of an incumbent,
[11:51] {Threei}  thus lookjing for the best moment to deploy QE3 to achieve max political effect
[11:51] {Threei}  we also have China slowdown happening
[11:52] {Threei}  too many crosscurrents,
[11:52] {Threei}  people are tired and confised
[11:52] {Threei}  so we have what we have: slow drifting up and down
[11:52] {Threei}  aimless and rudderless
[11:52] {dolores} he was saying also that they are not conventional tools and they should be careful
[11:52] {dolores} so is not magic
[11:53] {Threei}  headline of this minute may prop us, headline of the next may send us down
[11:53] {dolores} VAD any comments GS?
[11:53] {nemo} and let's not forget the Mayan calendar
[11:53] {ese} normally to my recollection the mrkt is reasonably stable going into a Bernuthead speech and then tanks......today was interesting.....up then big tank before he speaks
[11:54] {dolores} they had the presentation ahed
[11:54] {dolores} ahead
[11:54] {Threei}  GS is notiveably weaker than the market
[11:54] {ese} mayan calendar.......?...............lol
[11:54] {Threei}  not sure if it indicates anything
[11:55] {Threei}  forget that stuff ese, it doesn't work... chicken entrails, man, chicken entrails
[11:55] {Will49} If the world ends, no need to worry
[11:55] {Threei}  the most reliable market indicator
[11:55] {dolores} ok thxs
[11:55] {Threei}  Will... I have one worry
[11:56] {Will49} and?
[11:56] {ese} entrails eh.....well am always looking for an edge.......i'll give it a shot
[11:56] {Threei}  if the world ends, I want to know exactly when, so I run out of money and all lines of credit that day
[11:56] {nemo} sacrificing virgins actually works the best, but there's the problem of supply and certain moral stickiness
[11:56] {Will49} Right on Vad. That's my retirement plan too
[11:56] {nemo} this is very bullish action
[11:56] {Threei}  imagine all the pluses:
[11:57] {Threei}  you get to enjoy the best money can delivefr not worrying of running out of it, sure,
[11:57] {Threei}  but on top of that you have the satisfaction of sticking credit card issuers with bill
[11:57] {ese} yup will............i'm going out exhausted man..............only way to do it
[11:57] {Threei}  and them not having time to do anything about that
[11:58] {ese} lol
[11:58] {Will49} what if half the population takes that route before year end?
[11:58] {Will49} Or...are they already doing that?
[11:58] {ese} definitely alot of plusses to that type of thinking
[11:58] {Threei}  you mean the remainign half that still hasn't done that
[11:59] {Will49} Yes
[12:00] {nemo} wow, think we might be about to go verticle
[12:00] {Threei}  oh boy
[12:00] {Threei}  read this load of horse manure:
[12:00] {Threei}  (EU) ECB'a Asmussen: EMU should have power to limit debt issuance and intervene in national policies and budget; deeper union will require shared sovereignty- Must fully use existing tools to force budget discipline. Decision makers must exert peer pressure on eachother. This lesson has not been learned entirely as we still see some slippage being allowed: "deadlines for the correction of excessive deficits are being relaxed; the corrective tools that are available even under the new procedures are simply not being used, as the cases of Spain and Cyprus in the recently conducted macroeconomic imbalance procedure illustrate." This needs to change. - Notes that the ECB will require arrangements to protect independence of monetary policy assuming it ultimately takes on the role as supervisor for EMU banks. - Markets must be shown that they should "underestimate the degree of political commitment to the single currency at your own risk." - Need to get the new framework right, even if it means we need to take more time.
[12:00] {ese} ya....what da heck is up................
[12:01] {nemo} market was strong before his speech, says he's ready to come to the economy's aid, couldn't sell the market below daiy S2, and there was a fair amount of volume down there...so, bringing it the other way
[12:02] {Threei}  market just follows the road I laid out before opening:
[12:02] {Threei}  09:08] {Alert} Threei fade first, then bottoming out, slow reversal, then climb back to high and making new high
[12:02] {nemo} hate it when he does that
[12:02] {ese} ya
[12:02] {Threei}  waiot, you'll hate the following even more
[12:02] {nemo} you're coming to visit?
[12:02] {Threei}  what did I get in return for this?
[12:03] {ese} lol
[12:03] {Threei}  nemo asking for 6 numbers
[12:03] {nemo} well?
[12:03] {Threei}  hey, I usually visit with bottle of vodka in pocket... why would you hate that
[12:04] {dolores} CAT bounced nicely
[12:04] {nemo} if it fits in your pocket it's not much of a bottle
[12:04] {Threei}  I ordered special pocket for 750 mm
[12:04] {Threei}  ml
[12:06] {Threei}  but back to horse manure:
[12:06] {ese} how far is this gonna go I wonder................
[12:06] {Threei}  EMU should have power to ... intervene in national policies and budget;
[12:06] {Threei}  wars were fought for lesser stuff
[12:06] {ese} "I wonder wonder who......ba du ba du......who wrote the book of loveeeeee"...............
[12:07] {Threei}  this push for union will end in blood
[12:09] {nemo} spy weakening, iwm too
[12:10] {ese} re enactment of the the first world war
[12:13] {Threei} Long Setup:  LVS  .65 break
[12:13] {Threei}  If holds  .60
[12:15] {Threei}  43% Say Auto Bailouts Were Good for U.S., 44% Disagree
[12:17] {ese} .......another survey that adds up to 100%.....very reliable
[12:17] {Threei}  there are those who answer "not sure"
[12:18] {ese} 32% ?
[12:18] {Threei}  13%
[12:18] {Threei}  43+44 = 87
[12:18] {Threei}  100-87=13
[12:19] {Threei}  half out LVS
[12:19] {Threei}  scalpers feel free to exit
[12:19] {ese} sheesh..........can't take a joke
[12:19] {Threei}  no jokes when it come to math
[12:19] {Threei}  I use 10 fingers to count to 100
[12:19] {Threei}  think I have time for jokes?
[12:20] {ese} lol
[12:20] {Threei}  you try to handkle that without abacus :)
[12:20] {ese} hmmmmmmmmm
[12:20] {ese} ya got me there
[12:20] {Threei}  and I have none, I broke my only one of nemo
[12:21] {ese} on
[12:22] {Threei}  lol, sometimes twitter is relentlessly funny
[12:22] {Threei}  Jenifer Lopez announces exit from FOMC, "It was time for a change and there was a lot less dancing than I had expected."
[12:23] {ese} rotflol............good one
[12:23] {Threei}  out LVS in full
[12:23] {Beau} does anyone care?
[12:23] {Beau} except maybe nemo
[12:26] {ese} this has to be a setup..................Bernutbrains speaks........bam!!!!!... mrkt tanks...thats my take on this
[12:27] {ese} either that or they really don't giv e a rats ^%$ what he has to say
[12:42] {Threei}  sold LVS too soon
[12:51] {thomcbell} qcom short setup  - 54.72 break if holding 54.82
[12:52] {thomcbell} only for the those interested in self flagellation
[12:52] {thomcbell} right Vad
[12:53] {thomcbell} this one very volatile today - i believe they have earnings tomorrow and samsung just bought someone that may allow them to vertically integrate their model even more
[12:53] {thomcbell} setup is valid i believe
[12:53] {Threei}  I like the setup
[12:53] {Threei}  I hate the stock
[12:58] {ese} I'm tellin ya.......KICKED!! and YOU!!!   should be capitalized
[12:59] {thomcbell} qcom 1:1
[12:59] {nemo} ese....what's gotten into you today?
[12:59] {thomcbell} partialled 1/3
[12:59] {thomcbell} stop to 54.71
[13:00] {thomcbell} qcom 1:2
[13:00] {ese} not sure........but whatever it is......it's gotten inside me and....and ....and ....it's taken oooooooooveerrrrrrr!!!!!!!! aaarrrrggghhhhh!!!!!!!
[13:00] {Beau} gj t
[13:00] {nemo} wow
[13:00] {thomcbell} partialling another 1/3 at 54.49
[13:00] {nemo} you're going through the change...aren't you?
[13:01] {thomcbell} stop on remaining to 54.6
[13:01] {ese} ya am practising for a part in whatever the next big horror flick will be......
[13:01] {ese} namely........Ben Bernutballs
[13:01] {nemo} wow
[13:03] {thomcbell} flat qcom
[13:04] {ese} would that be the musical "B" flat qcom?
[13:04] {nemo} look at imaxx chart
[13:04] {nemo} imax
[13:05] {dolores} TSN all the way to .22
[13:05] {dolores} and bounced  abit
[13:05] {dolores} FSLR close to lows
[13:06] {ese} ahhhh...Tyson Foods.........thought for a second it was "The Sports Network".....canadian company
[13:07] {nemo} oh jeezus...keep him away from power equipment
[13:07] {ese} anf vad.......turning out to be one of your classics......JBE
[13:07] {ese} main lining at the high
[13:08] {nemo} liking tna long here
[13:09] {nemo} tight stop under .90
[13:09] {Threei}  great jopb QCOM
[13:09] {ese} looks like a copy of anf...........or vice versa
[13:09] {ese} nemo...anf/tna
[13:11] {nemo} tna
[13:11] {ese} vad you set up a couple of laptops on your crabbing dock and do the mrkt from dn there
[13:12] {nemo} ese, it's not the best setup, but I'm thinking bull flag here
[13:12] {ese} towel on the dock....laying on your back catching some vitamin D's....no shirt on
[13:12] {nemo} if it is, they'll break it before the lunch hour is over
[13:12] {nemo} MOS
[13:13] {ese} that would be nice
[13:14] {nemo} that's a nice wedge on mos
[13:15] {nemo} that frickin' slacker dino still on vacation?
[13:15] {ese} all week isn't he?
[13:15] {nemo} cmon TNA .02 more cents
[13:16] {nemo} all last week yeah, didn't know he was taking TWO!!!
[13:16] {nemo} there wew go
[13:16] {nemo} 1:1
[13:16] {nemo} mos break of .00
[13:17] {ese} traders must think that Bernackers is going to say something positive..............correct me if i'm wrong but i can't think of anything he's ever said thats been positive
[13:17] {nemo} ya know what, I think I'll be the second mouse on that and wait a bit
[13:18] {ese} nice....you in at .02
[13:18] {nemo} yep
[13:19] {nemo} got .13 on the partial
[13:19] {nemo} moral victory
[13:19] {ese} i'll give you the dino......gj
[13:19] {nemo} or, in my case..immoral victory ;-)
[13:19] {ese} hmmmmmmm
[13:20] {nemo} stop is .03
[13:20] {nemo} don't do it ese...
[13:20] {dolores} TSN nice recovery
[13:20] {nemo} I set it up...that's just not sporting
[13:20] {dolores} a bit late
[13:20] {ese} lol
[13:20] {nemo} where is Vad?
[13:21] {nemo} Haven't heard a peep out of him
[13:21] {Threei}  really
[13:21] {nemo} really
[13:21] {ese} i'll say D..........did you get in on that
[13:21] {nemo} mos pull back
[13:21] {nemo} btw...this could be a good place to short tsn again
[13:22] {ese} he's comtemplating my suggestion of lying with a couple of monitors on the crabbing dock.....no shirt on
[13:22] {nemo} look we just had a little stop hunt and rebid on spy and imw
[13:23] {nemo} ya can feel it...ursine sodomy coming
[13:24] {nemo} This is scary...I'm hearing Neil Diamond in my head
[13:24] {nemo} ese...how'd you do that
[13:24] {nemo} I didn't know mental illness was communicable over the internet
[13:25] {ese} huh..........sorry dozzed for a second
[13:25] {ese} Neil...........ahhhhhhh ya ya..........it's all subliminal
[13:25] {nemo} ok, next target is IWM high
[13:25] {nemo} YAHOOOOOOOOOOO!!!!!!!
[13:25] {nemo} mos
[13:26] {nemo} this means tomorrow is gonna' be ungodly strong
[13:27] {ese} phewwww.......nice recovery es........nemo will never catch on that you know S^%$......
[13:28] {nemo} stop is .19
[13:28] {nemo} or .18 play it by ear
[13:28] {nemo} offering out another quarter at .35
[13:28] {nemo} nice
[13:29] {ese} good job nemo
[13:29] {nemo} I got a little carried away, should have taken it off over .40
[13:29] {nemo} listening to my own bullshit
[13:30] {ese} lol
[13:30] {ese} wellll...............were all guilty of that......................
[13:30] {ese} not
[13:31] {nemo} poor Raven
[13:31] {ese} speaking of which...........where the H is he
[13:32] {nemo} stop is .29
[13:32] {nemo} or .28
[13:32] {Will49} maybe Reven doesn't have a keyboard
[13:32] {Will49} Raven
[13:32] {dolores} something to short?
[13:33] {nemo} yeah, he pipes up now and then
[13:34] {ese} what time does oh great one speak.....or is it tomorrow
[13:35] {Threei}  who?
[13:36] {nemo} well it's almost that ime with tna
[13:37] {ese} bernackie
[13:37] {Threei}  he is done already
[13:37] {ese} rotflol.........rotflol........................
[13:38] {ese} i thought it was 2pm
[13:38] {ese} didn't
[13:38] {dolores} I think he was supposed to talk today and tomorrow
[13:38] {ese} check my news feed
[13:38] {ese} well.........i'm certainly in tune today
[13:40] {nemo} damn, missed moss the second time through
[13:44] {ese} "Pessimistic Bernanke doesn’t commit to action....."  Market Watch............I rest my case
[13:44] {scottie} teva .40 ?
[13:45] {Threei}  I doubt it
[13:45] {scottie} ok
[13:45] {Threei}  feels tired
[13:45] {nemo} think my stop goes to .39 now
[13:48] {nemo} oh mos
[13:52] {nemo} jbht should be a short if the market weakens, hasn't moved up with the market
[13:52] {nemo} we're coming into trend on spy and iwm, could be headed for another leg up though
[13:55] {nemo} out btw...and mos kept going
[14:09] {nemo} spy climing the trend line
[14:09] {scottie} dlb short ?
[14:10] {Threei}  with trigger .25
[14:10] {Threei}  but if goes above .35, forget it
[14:14] {dolores} IWM 79.95 is resistance?
[14:14] {Threei}  not a very importsant one
[14:14] {Threei}  80 is right up there, and much stronger one
[14:15] {dolores} what would be the breakdown point?
[14:15] {nemo} marriage
[14:16] {Threei}  .85
[14:16] {Threei}  but you see SPY continuing consolidating close to breakout
[14:17] {Threei}  it breaks 136.50, all short bets are off
[14:18] {Beau} iwm
[14:18] {nemo} things are getting hard to read
[14:18] {nemo} think higher probability of short
[14:19] {scottie} dlb went down too fast, missed it
[14:19] {Beau} sorry.
[14:20] {scottie} Vad, should I check for second entry
[14:20] {Threei}  sure, it didn't go too far
[14:21] {scottie} in .24
[14:23] {Threei}  beautifl
[14:23] {scottie} out .14 +.10
[14:23] {Threei}  wtg
[14:23] {Threei}  good spot, good execution
[14:24] {scottie} :)
[14:26] {Beau} gj scot
[14:27] {scottie} thanks Beau
[14:28] {nemo} clf short below .00 looks interesting
[14:28] {nemo} coal stock support is at 0.00
[14:36] {scottie} :s DLB
[14:36] {dolores} I can understand bernanke will do anything to help the economy
[14:37] {dolores} but he did not seem very happy to do another q3
[14:38] {dolores} he spoke of comunication , more of the last he did, i felt he was a bit reticent on Q3
[14:38] {Threei}  my guess would be this dolores:
[14:39] {dolores} and not very likely congress will take his recommendatios seriously!!!
[14:39] {Threei}  his problem is not sao much QE itself, he has little probl;em with that,
[14:39] {Threei}  rather it's timing of it
[14:39] {Threei}  do it too early, effect will diccipate before the election,
[14:40] {Threei}  do it too close to election, crass politics is too obvious and may repel people
[14:40] {dolores} you think he cares about the election?
[14:40] {dolores} he will be pressed
[14:40] {dolores} ?
[14:40] {Threei}  get it right, and it doesn't look overly political yet effect is still there
[14:40] {Threei}  yes, he does
[14:40] {Threei}  Romney expressed disdain about his policies openly
[14:41] {dolores} so he would like obama to win?
[14:41] {dolores}  for him to stay?
[14:41] {Threei}  he is keynesian, thus Obama is much better fit for him
[14:41] {Threei}  I am pretty sure of it
[14:41] {dolores} any short?
[14:41] {Threei}  Romney will never reappont him
[14:41] {Will49} is that because Obama is Kenyan? :)
[14:42] {dolores} ok
[14:42] {dolores} nemo what is the dow chart formation?
[14:42] {Threei}  I am not sure how popular Keynes is in Kenya...
[14:43] {dolores} Is IWM chart a inverse cup and handle?
[14:43] {Threei}  on what time frame?
[14:44] {dolores} 14.23 14.41
[14:45] {dolores} up we go again
[14:45] {nemo} indexes getting that look again...bears grabbing their ankles
[14:46] {nemo} hard to say Dolores, you have to go with the trend until it's not a trend
[14:46] {nemo} if you look on a 3 minute, looks like a consolidation
[14:47] {nemo} just above old resistance
[14:47] {nemo} you could play the short, but it would seem to me it's a 50/50 at best
[14:48] {nemo} also, what's your stop, and what's your potential reward
[14:48] {nemo} if it ain't better than 1:3, arguably not a good idea
[14:48] {dolores} not short now
[14:49] {nemo} then again, there's the ese school of trading
[14:49] {dolores} i was thinking iwm .93 with stop .97
[14:49] {dolores} for 1.2
[14:50] {dolores} but I am also waiting
[14:50] {dolores} you guys know better
[14:50] {nemo} o.k, the you're talking about .08 total range..is it worth it.  You're probably gonna' get whacked for about 1.5 cents a share just to trade
[14:51] {nemo} between commissions and ecn fees
[14:52] {nemo} So, even if you're idea is right, is it worth it to make the trade?
[14:53] {nemo} Think about this too
[14:53] {nemo} Perhaps you're a cold blooded killer at heart, but...
[14:53] {nemo} Trades have a psychological price also
[14:54] {nemo} Is it worth the use of psychological capital for that trade?
[14:55] {nemo} see, spy looking north
[14:55] {nemo} IWM not following yet, but it rarely drops if spy is advancing
[14:55] {dolores} ok
[14:56] {dolores} looks pretty strong this market
[14:56] {scottie} aig short ?
[14:57] {scottie} after that bounce
[14:57] {dolores} thxs would have been stopped
[14:57] {nemo} ridiculously strong...expecting huge gap up tomorrow
[14:57] {nemo} We learn through pain and suffering...and thousands of hours of screen time ;-)
[14:57] {Will49} amen
[14:58] {nemo} Love Saint Augustine's quote "God sent only one son to earth without sin, none without suffering."
[14:59] {nemo} Or as a shaman buddy said at a presentation what the meaning of life is, he said, "Look, you're not here for a vacation!"
[14:59] {nemo} when asked what the meaning of life is
[14:59] {Will49} Yes...this is not a rehearsa
[14:59] {nemo} Me....
[14:59] {nemo} I'm thankful for alcohol
[15:00] {nemo} and bunny
[15:00] {nemo} my nephew...eh
[15:00] {Will49} simplify your life
[15:00] {nemo} frickin' teenager...pain in my ass
[15:01] {Will49} suffering...remember?
[15:01] {nemo} Yeah, along the line of...no good deed goes unpunished....or, the road to hell is paved with good intentions
[15:01] {Will49} what a philosoher
[15:02] {nemo} you have no eye deer
[15:02] {Will49} waht a speller
Session Close: Tue Jul 17 15:02:07 2012

Session Start: Tue Jul 17 15:07:42 2012
Session Ident: #discussions
03[15:07] * Now talking in #discussions
[15:07] {Threei}  back
[15:08] {nemo} happy happy joy joy
[15:08] {Threei}  sorry guy, keyboard suddenly quit
[15:08] {Will49} how did the admin taste?
[15:08] {Threei}  had to reboot whole computer
[15:08] {Will49} Happens a lot in Sydney
[15:08] {nemo} Hah!  I used to live in Sydney.
[15:09] {Will49} that explains it
[15:09] {nemo} Sydney, Australia that is
[15:10] {Threei}  somewhat strange feeling, to read your questions and not being able to type to answer
[15:13] {ese} I'll see you all tomorrow......not doin much but watching anf.......am up +.40...probably going to ride it out until tomorrow
[15:13] {Threei}  take care ese
[15:13] {ese} cya
[15:13] {Will49} good work
[15:14] {Will49} I think
[15:16] {nemo} just be happy he left
[15:16] {Threei}  lol
[15:16] {nemo} tempermental musician...emphasis on mental
[15:17] {Will49} you guys........
[15:18] {Threei}  he can't express it, nemo... they'll drink together this coming Sat
[15:18] {nemo} http://www.businessinsider.com/bill-simmons-rob-gronkowski-espys-2012-7
[15:18] {nemo} this guy's a nut job.  glad he plays for us
[15:20] {Threei}  there is something seriously disturbing in this below:
[15:20] {Threei}  (IT) Sicily Pres Lombardo says the region's finances are sustainable; will give the PM Monti reassurances that Sicily finances are ok **NOTE: the comment comes after Italy PM Monti said earlier today that he is concerned about the prospects of a default in the Sicily region.
[15:21] {nemo} yeah, and he'd be dead if he said otherwise
[15:24] {Threei}  'SPY is glued to this flat line fir 3 hours
[15:31] {dolores} there goes my .73
[15:32] {nemo} don't feel bad, while I was trading tna for what ended up being .35 cents or so MOS ran on me for a buck
[15:32] {nemo} Ese's fault
[15:39] {nemo} http://goo.gl/NnxuW
[15:41] {Will49} Good stuff nemo
[15:42] {nemo} yeah...the right wing outlets kinda twisted his words, but he really slighted business owners and builders
[15:43] {Threei}  absolutely ridiculous statements by prsident
[15:43] {Will49} I'll have to read that again nemo
[15:43] {Threei}  everyone has access to those roads and internet, why not everyone is successful businessman then?
[15:44] {nemo} I've seen unedited video, I understand what he was saying, but, he has no idea the blood sweat and tears the business owner goes through
[15:44] {dolores} ok guys see you tomorrow
[15:45] {Threei}  and that same government that built themm, did it earn the money? ior got it frpm those same businesses and workers that create the jobs?
[15:45] {dolores} thxs VAD
[15:45] {dolores} take care
[15:45] {Threei}  take care dolores
[15:45] {scottie} Bye everyone, see you tomorrow
[15:45] {nemo} could argue longs here
[15:45] {nemo} even me scottie?
[15:45] {Threei}  take care scottie
[15:46] {Threei}  don't do that nemo
[15:46] {Threei}  no energy
[15:46] {nemo} hehehehe
[15:46] {Threei}  total coin toss
[15:46] {scottie} except nemo
[15:46] {nemo} wow, mos given back the whole buck
[15:46] {nemo} TY
[15:50] {Beau}   good night all, especially you nemo
[15:56] {Will49} Cheers all
[15:56] {Threei}  thank you all
[15:56] {Threei}  have a good evening, see you tomorrow