Wednesday, July 18, 2012

July 18 2012

About flat day, with some trades working, some not... slow climb day, with low volume - recuipe for boredom.

Session Time: Wed Jul 18 00:00:00 2012
[07:27] {dolores} hello GM
[08:41] {Threei}  morning dolores
[09:00] {dino} gm
[09:02] {Threei}  dino!
[09:03] {Threei}  welcome back
[09:03] {jackharry} Good morning
[09:03] {Threei}  jack :)
[09:06] {dino} thx
[09:13] {scottie} gm
[09:14] {Threei}  scottie :)
[09:15] {Beau} good morning all
[09:15] {Threei}  beau :)
[09:20] {Will49} Hi Folks
[09:20] {Threei}  will :)
[09:22] {dptl} gm
[09:22] {Threei}  dp :)
[09:26] {dolores} VVUS from 10 to 31 in 2012
[09:26] {Threei}  weight loss drug approved
[09:26] {dolores} yes big market in USA
[09:27] {dolores} but 200 %?
[09:27] {Threei}  you are seacrhing for logic in stock market?
[09:27] {dolores} right
[09:27] {Threei}  this same VVUS used to trade in $80s
[09:28] {Threei}  before dropping to under 5
[09:28] {ese} morning
[09:29] {nemo} poor bastards long at 31
[09:29] {Threei}  ese :)
[09:30] {Threei}  watching LVS for short into bounce
[09:31] {Threei} Short Setup: LVS  ..60 break
[09:31] {Threei}  WYNN is getting killed
[09:31] {Threei}  too fast...
[09:32] {Threei}  and 1:1
[09:32] {Threei}  no secondary entry if bounces from here
[09:32] {dolores} too fast missed it
[09:32] {Threei}  yes
[09:33] {cipher} got it thx
[09:33] {Threei}  nice
[09:33] {Threei}  took aggressively?
[09:33] {cipher} no
[09:33] {cipher} .50 entry
[09:33] {cipher} .60
[09:33] {cipher} sorry
[09:34] {Threei} Short Setup: INTC  .60 break
[09:35] {nemo} cat .56
[09:35] {Threei}  If holds  .70 
[09:35] {nemo} long
[09:35] {nemo} stop .40ish
[09:35] {Threei}  Invalidated  
[09:35] {nemo} indexes running
[09:36] {nemo} 1/2 .73
[09:36] {Threei}  who promised what?
[09:36] {nemo} stop is .49
[09:37] {Threei}  LVS on watch again
[09:37] {Threei} Short Setup: LVS  .80 break
[09:37] {Threei}  If holds  .90 
[09:37] {nemo} stop is to .68
[09:37] {Threei}  keep an eye on WYNN while play LVS
[09:38] {Threei}  ket's do hl if triggers
[09:38] {nemo} want it to break the whole, then retest, will add if it holds retest
[09:38] {Threei}  WYNN spiked
[09:38] {dino} rovi blood
[09:38] {Threei}  invalidated LVS
[09:39] {Threei}  was two-sided eh
[09:39] {Will49} what does hl mean?
[09:39] {Threei}  half lot
[09:39] {nemo} stop is .98 want retest if it holds and sets up, I'll get bigger
[09:39] {Threei}  see abbreviations at
[09:40] {Will49} tks
[09:40] {Threei}  ROVI missed earning bigf time, and downgraded by every outfit on earth
[09:40] {nemo} next partial .38 area
[09:40] {dolores} wow ws more a buy?
[09:40] {nemo} partial .39
[09:40] {Threei}  I think couple pharaons in Egyptian pyramids downgraded it
[09:40] {nemo} wow
[09:40] {nemo} wow
[09:41] {nemo} stop is .35ish
[09:41] {nemo} out
[09:41] {dolores} news wrerent that good on WYNN
[09:41] {dolores} and its p
[09:42] {dolores} up
[09:42] {nemo} market strong like bull
[09:42] {Threei}  one more spike and LVS should be ready
[09:43] {Beau} beautiful play nemo
[09:43] {nemo} ty
[09:44] {Threei} Short Setup: LVS  .60 break hl
[09:44] {Threei}  If holds  .70 
[09:44] {Threei}  still valid
[09:44] {Threei}  not a scalp
[09:45] {Threei}  invalidated but on radar
[09:45] {Threei}  change to .65
[09:45] {Threei}  If holds  .75 
[09:45] {nemo} spy has another .30 to go before it tests downtrend
[09:45] {Threei}  should have about 40 cents in it
[09:46] {dolores} well they have gone down lately
[09:46] {dolores} now catching up
[09:46] {dolores} maybe casinos business not so bad as expected
[09:46] {Threei}  1:1
[09:47] {Threei}  partial at .53
[09:47] {Threei}  stop to .67
[09:47] {dolores} wow missed it again
[09:47] {scottie} +.10 ty
[09:47] {dolores}  amazing did not see the message
[09:47] {Threei}  09:45] {Threei} change to .65
[09:47] {Threei}  [09:45] {Threei} If holds .75
[09:47] {dolores} yes
[09:47] {Beau} missed-no fill
[09:48] {Will49} me too
[09:49] {dolores} stopped out?
[09:49] {dolores} or still in?
[09:49] {Threei}  second half stopped
[09:49] {dolores} ok
[09:49] {Threei}  firast covered at 1:1
[09:50] {Threei}  rinse
[09:50] {Threei}  too bad
[09:50] {Threei}  but I better be rinsed than play too loose such a monster
[09:50] {Threei} Short Setup: X  .25 break
[09:50] {Threei}  If holds  .30 
[09:50] {nemo} small spxu .76
[09:51] {nemo} stop ..66
[09:51] {dino} rovi sm l .85
[09:52] {nemo} oout
[09:53] {Threei}  X is valid
[09:54] {Threei}  LVS is coming for a third time it seems
[09:54] {Threei} Short Setup: LVS  .60 break hl
[09:54] {dolores} this time with market up
[09:54] {Threei}  If holds  .70 
[09:56] {Threei}  WYNN spiked
[09:56] {Threei}  disregard LVS short for now
[09:56] {dolores} ok
[09:56] {Threei}  can turna trap too easym we need WYNN to cooperate
[09:57] {nemo} spy at horizontal resistance and pennant resistance
[09:57] {Threei}  ok, valid again
[09:57] {nemo} too quick
[09:57] {Threei}  1:1 who got it
[09:58] {Will49} what a crap shoot
[09:58] {scottie} too fast for me
[09:58] {Threei}  fast stock
[09:58] {nemo} it triggered as you typed
[09:58] {dolores} maybe we should play the long JAJA
[09:58] {dolores} easier to catch
[09:58] {dolores} kidding
[09:58] {dolores} INTC close to a short?
[09:59] {Threei}  keeping an eye on it, yeah
[09:59] {Threei}  no setup yet
[10:00] {Threei}  (US) Fed' Chairman Bernanke: text is identical to Tuesday's comments
[10:00] {Threei}  why is he talking at all then?
[10:01] {dolores} so they can ask him more questions
[10:01] {Will49} masochist
[10:01] {Threei} Long Setup:  FCX  .70 break
[10:01] {Threei}  If holds  .65 
[10:03] {Threei}  half out .79
[10:03] {Threei}  stop .69
[10:03] {Beau} no fill at .72
[10:03] {Threei}  wow
[10:03] {dolores} too fast again
[10:03] {scottie} out .81 +.10 ty
[10:03] {Threei}  that was easy fill
[10:03] {Threei}  come on
[10:03] {Threei}  out .92
[10:03] {jackharry} out at .88, thanks
[10:03] {dolores} yes but when I loked at it was already .75
[10:03] {Threei}  huh?
[10:04] {Beau} had in on 71 print
[10:04] {ese} out anf .48 +.43 from monday 1800shs of the little blighters
[10:04] {Threei}  wtg
[10:06] {Threei} Short Setup: INTC  .95
[10:06] {Threei}  If holds  .05 
[10:06] {dino} rovi stopped
[10:07] {nemo} small spxu .26
[10:07] {nemo} stop under .15
[10:07] {Threei}  INTC target 1:3
[10:09] {nemo} Whatever the low of this bounce, if it doesn't stop me out becomes the new stop
[10:10] {Threei}  no go
[10:10] {nemo} GS making highs I'm out
[10:12] {Threei} Long Setup:  WFC  .10 break
[10:12] {Threei}  If holds  .05 
[10:15] {Threei}  change to .05 break
[10:15] {Threei}  If holds  .34 
[10:17] {dino} bto rovi aug 10 calls at 1
[10:19] {nemo} spxu l break .30, stop under .29
[10:19] {nemo} under .20
[10:19] {ese} I ever blind....didn't even know you were back
[10:20] {dino} lol
[10:20] {nemo} iss here is this .84-.87 spy range
[10:22] {nemo} vvus .50
[10:22] {nemo} this is one you won't catch if it breaks
[10:23] {Threei} Short Setup: CAT  .60 break hl
[10:23] {Threei}  If holds  .60 
[10:23] {scottie} .60?
[10:23] {Threei}  .50
[10:24] {Threei}  no go
[10:24] {nemo} moving spxu stop up to .28
[10:25] {nemo} see vvus
[10:26] {nemo} .50 broke right to .70
[10:26] {nemo} aapl long setup
[10:27] {nemo} cipher
[10:27] {cipher} watching thx
[10:28] {nemo} spxu drops .28 here I'm out
[10:28] {Threei} Long Setup:  POT  .95 break
[10:29] {Threei}  If holds  .85 
[10:30] {nemo} o.k. vad, kick spxu
[10:31] {nemo} o.k.  I'm adding above .40
[10:31] {nemo} more .42
[10:32] {nemo} stop still .28
[10:32] {Threei} Long Setup:  TZA  .60 break
[10:33] {nemo} vwap is 80.08
[10:33] {Threei}  If holds  .50 
[10:33] {nemo} wihch is also new support
[10:36] {nemo} want to short tpx
[10:37] {nemo} wwonder what Ben said
[10:38] {nemo} gold miners moving
[10:38] {nemo} wow, long setup on daily
[10:39] {dolores} sorry ws out both still valid?
[10:40] {Threei}  no
[10:40] {dolores} ok
[10:40] {dolores} thxs
[10:40] {Threei}  just look at the charts... condition is violated, trade is not valid
[10:44] {Threei}  POT setup is back
[10:44] {Threei}  same
[10:44] {Threei}  .95 break long
[10:47] {dolores} Ron Paul grinding bernanke
[10:47] {dolores} at least trying
[10:48] {dino} thats barneys' fantasy
[10:48] {Threei}  every time Paul opens his mouth, Ben turns up volume in his earbuds and goes "lalalalal"
[10:49] {dolores} well ansered
[10:49] {dolores} answered
[10:51] {nemo} gdx bounce here
[10:51] {nemo} l .31
[10:51] {nemo} stop under .25
[10:52] {Threei}  nice setup
[10:52] {nemo} vwap bounce
[10:52] {nemo} not sure it'll go though, miners are the redheaded stepchild
[10:54] {nemo} GG weak though
[10:56] {Threei}  nice
[10:56] {nemo} o.k. come on
[10:57] {nemo} pheww
[10:58] {nemo} stop under .35
[10:58] {dolores} nice nemo
[10:58] {nemo} don't call me nice
[10:59] {nemo} hurts my feelings
[10:59] {Will49} TU nemo
[10:59] {nemo} I can't take it anymore Vad
[10:59] {dolores} so great tade nemo !!!! better?
[11:00] {nemo} We've been cursed ever since Eve made Adam eat that apple
[11:00] {Will49} i have a need to please
[11:00] {Threei}  which conflicts with nemo's need to be cursed
[11:01] {Threei}  why do you think I insult him 3-5 times a day? H wilts otherwise
[11:01] {ese} he deserves it
[11:01] {Will49} masochist
[11:01] {ese} sorry was was just reading dolores previous post
[11:01] {Threei}  to be fairt, he equally enjoys insulting others
[11:01] {nemo} Actually I'm an avid sadist
[11:02] {nemo} stop is .38
[11:03] {nemo} Wow, can you imagine if I ever ran for office and these IM records came out?
[11:03] {dolores} now seriously very good call nemo
[11:03] {Threei}  I'll be waiting fior that with blackmail locked and loaded
[11:04] {nemo} o.k. wat VVus if gets to .75 level
[11:04] {nemo} It has MAMA support there
[11:05] {Will49} MAMA?
[11:05] {nemo} spxu worth a try small here, would like to see spy get back to .20 first
[11:06] {nemo} .10 is Weekly R1
[11:06] {nemo} daily R1 is .17
[11:09] {nemo} stop hunting me on GDX
[11:09] {dolores} Ron Paul is more interested in showing his knowledge than asking
[11:10] {dolores} he took 10 minutes only to talk himself
[11:11] {dolores} and the other one could not care less and does not answer
[11:16] {ese} L uri .50
[11:16] {ese} sorry ..50224996
[11:17] {ese} theoretically .51
[11:17] {ese} scientifically speaking of course
[11:18] {ese} actually would have to be .505???? to be considered .51 
[11:20] {ese} this bounces around like a rabit.....
[11:20] {Will49} nemo's rabbit
[11:20] {ese} nat as bad as
[11:20] {ese} not
[11:22] {Will49} evermore
[11:23] {ese} would appear as though i've miss judged the pull back
[11:26] {ese} been watching this thing for a week or so now.......pullbacks have been generally shallow....but wouldn't you know it.......the time that I enter after a strong's a deeper pullback.......vad ...get the vodka ready for saturday this stuff will drive ya to your house
[11:26] {Will49} Does everyone have to bring vodka?
[11:27] {Will49} for Vad?
[11:27] {ese} only if it's in a glass vesion of an AK47
[11:27] {Will49} Is that the price we have to pay?
[11:27] {Threei}  two versions of an answer:
[11:27] {Threei}  1. no... whatever you drink
[11:27] {ese} talk to dp........he'll tell you were to get one
[11:27] {Threei}  2. Yes, also your finest cheeses
[11:27] {dolores} BBBY any short?
[11:28] {Threei}  50/50 dolores
[11:28] {dolores} ok
[11:28] {Threei}  can go either way here equally easy
[11:28] {dolores} ok
[11:30] {Threei}  and Will... be grateful nemo is not hosting the party, he would also demand virgins for sacrifice
[11:31] {Will49} Yikes
[11:32] {Threei}  diaper trade:
[11:32] {ese} that was yesterday............who knows what he wants today
[11:32] {Threei} Short Setup: VVUS  .70 break
[11:32] {Threei}  small shares
[11:33] {Threei}  If holds  .85 
[11:34] {dolores} not in short list
[11:34] {ese} out uri .74
[11:34] {ese} +.23
[11:35] {ese} sheesh
[11:35] {Threei}  probably a good thing
[11:35] {ese} ya
[11:35] {dolores} SPXU at lows
[11:35] {Threei} Long Setup:  TNA  .65 break hl
[11:35] {ese} haven't misjudged like that for a'll keep me honest
[11:36] {Threei}  Invalidated  
[11:37] {ese} no no........i made some money
[11:37] {ese} ohhhhhhh......not talking about my trade
[11:37] {Threei}  talking about TNA ese
[11:37] {ese} i know............was just kidding ya
[11:39] {ese} McDonald's staff took offence to digital glasses, Toronto cyborg says
[11:39] {Threei}  who had VVUS for short, feel free to start covering
[11:41] {ese} remember all those si fi movies we've been watching the last forty years.........hmmmmmmmm
[11:41] {dolores} he was more assertive today in taking measures
[11:41] {dolores} for jobs
[11:42] {Threei}  sas if he can do anything about jobs
[11:43] {ese} whos that D?
[11:43] {dolores} bernie
[11:43] {ese} ahh yes.....bernuthead
[11:44] {ese} i should have know
[11:44] {Will49} jobless rate will be stuck at 7-8% for next 5 years; source=me
[11:45] {Will49} learning to scalp and be an economist at same time
[11:45] {ese} L uri .50
[11:46] {ese} economist?    for real?
[11:46] {Will49} not
[11:46] {ese} lol
[11:46] {ese} had me goin there
[11:46] {Will49} even scalper is doubtful right now
[11:47] {ese} when I took the Canadian Securities course back in 99.....there were 3 eco guys in the course...sorry one women...........and they all dropped out
[11:48] {Will49} maybe I'll take up drumming
[11:49] {ese} Class started with 58 people....100% final.....after first mock test a wack dropped out...class was don to 34......after second tes we were down to 21...only 11 showed up to write the final......and these are the people who are suppose to have this designation to work in the canadain financial industry.......what a joke
[11:50] {Threei}  grrr... TNA got away
[11:53] {ese} I knew absolutely nothing about finace in terms of trading or investing......after the first test i got a 54%,,,second one 68%   and on the final 83%......and the taught me abosolutely NOTHING about how the market works........basically taught you how to be a car salesman of security products
[11:53] {Will49} exactly
[11:54] {ese} but these people who literally worked in the industry and had to have this designation?????? dropping out like flies.....these are the people that are handling your average persons money.................scary
[11:55] {Will49} tell me about it!
[11:55] {Will49} That's exactly why I decided to invest/trade for myself
[11:56] {ese} same here..........but was not succesful at it until i lucked on to vad here
[11:57] {ese} and also for the shiskabob party 
[11:57] {Will49} let's not inflate his ego
[11:58] {ese} have to.....he won't take pictures of my band 
[11:58] {Threei}  one of the funniest situations I encounter is bank's "financial advisor" ofering me services... when I ask whether they manage their money and have track record of outperforming the masrket, they point to the certificate on the wall
[12:00] {ese} but has never inested a dime of his own i suspect
[12:00] {Will49} right on
[12:05] {Threei}  crap
[12:05] {Threei}  TNA
[12:05] {Threei}  grrr
[12:13] {Threei} Short Setup: TJX  .80 break
[12:13] {Threei}  If holds  .90 
[12:25] {nemo} MON C&H
[12:29] {Threei}  let's trail TJX to .86
[12:29] {Threei}  insurance against double botom
[12:32] {Threei}
[12:36] {nemo} looking to short mjn, would like return to .50 area
[12:39] {nemo} shorted mjn .47 against .55 area
[12:41] {nemo} looking for vvus long here
[12:41] {nemo} far good stop placement on mjn
[12:42] {nemo} vvus near the whole
[12:42] {nemo} setting up for vwap bounce play vwpa .95
[12:44] {nemo} partial mjn .32
[12:44] {Threei}  nice
[12:45] {nemo} geez this tradin' stuff is easy just write a few names on a piece of paper, put on a blindfold, and throw a dart
[12:46] {nemo} Oh,   and a couple of year's supply of vaseline helps too
[12:46] {nemo} years
[12:46] {nemo} wow it's frickin hot up here, had to take the fan off me and put it on the computer
[12:47] {nemo} didn't take vvus want DB
[12:47] {nemo} mmmhhhh, hft's might hop in here, might not be a good idea at lunch
[12:47] {Threei}  as it's often the case, steasdy upward day proves difficult to trade
[12:48] {nemo} look how financials are basically flat
[12:48] {nemo} stop to .39 on MJN
[12:48] {jackharry} nemo.... covered MJN at .16 from .46, thank you
[12:48] {Threei}  wtg
[12:49] {Threei}  also, look at this:
[12:49] {nemo} actually stop is .40
[12:49] {Threei}  SPY, TLT and VXX are up
[12:49] {nemo} wow...end of the world coming
[12:49] {Threei}  is it normal?
[12:49] {nemo} time to throw the women and children overboard again
[12:50] {nemo} I'm keepin' the bunny though
[12:50] {Will49} and your virgins
[12:50] {nemo} until I sacrifice them
[12:50] {Beau} throw them on top of TJX.  might sink it
[12:51] {nemo} see if MJN just shakin' out the weak hands here
[12:51] {nemo} that's a kangaroo tail though
[12:52] {nemo} ehhh...shoulda' bought VVUS at the vwap bounce
[12:52] {nemo} spy hit trend support a couple of minutes ago, no we find out if the rubber hits the road
[12:58] {nemo} stop .31 mjn
[12:59] {nemo} upro
[13:04] {nemo} well, should have held my original stop in mjn
[13:08] {nemo} today playing out like yesterday so far
[13:09] {jackharry} TJX has fallen asleep
[13:10] {Threei}  everything has
[13:10] {nemo} vvus coming back in to the whole again
[13:10] {nemo} vwap just under
[13:12] {nemo} if it drops 30 could go fast
[13:14] {nemo} frickin' mjn
[13:14] {Beau} 84 85 85 84  geez
[13:14] {nemo} you watching vvus?
[13:16] {nemo} wow
[13:17] {Threei}  momo exhausted
[13:18] {nemo} support bounce
[13:18] {nemo} probably go back and test the whole
[13:30] {nemo} mmmhhh...mjn
[13:31] {dolores}  knew it had to go
[13:32] {dolores} and now market drops
[13:32] {nemo} shorting nav below .70
[13:32] {nemo} would like to see it test .76 again and fail
[13:33] {dolores} VAD any LVS short'
[13:33] {dolores} ?
[13:34] {Threei}  right here actually
[13:34] {Threei}  .34 is entrey
[13:34] {Threei}  entry
[13:39] {Threei}  cover half
[13:40] {dolores} covered
[13:40] {nemo} shorted NAV at .70
[13:41] {nemo} target is .30ish
[13:42] {nemo} partialed .50
[13:43] {nemo} stop is B/E
[13:44] {nemo} sob...
[13:44] {nemo} mjn
[13:44] {nemo} NAV
[13:47] {dolores} seems LVS found support on that .25
[13:47] {Threei}  well, trail stop to b/e
[13:47] {Threei}  .36
[13:48] {Threei}  and let it tell you what it's going to be
[13:48] {dolores} yes if it breaks .35 or falls down again
[14:00] {Threei}  covered any more at 1:2?
[14:01] {dolores} all out
[14:01] {Threei}  ok
[14:02] {Threei}  good setup
[14:09] {dolores} VVUS testing lows
[14:09] {nemo} rather see it break and then retest, great place to get caught
[14:09] {dolores} that bid at .93
[14:10] {dolores} now .83
[14:10] {dolores} keeps moving
[14:10] {dolores} nice trap
[14:13] {nemo} algo I look at showing basically dead market
[14:13] {ese} i'm not
[14:14] {nemo} go back to sleep ese
[14:14] {ese} been on the phone..........
[14:14] {ese} am suppose to be on holidays
[14:14] {nemo} wish you were
[14:14] {ese} lol
[14:15] {nemo} on hol-aways
[14:15] {nemo} lulu ripping
[14:15] {ese} well.......with friends like this.......who needs....hmmmmmmmm you figure it out
[14:15] {nemo} friends?
[14:16] {ese} loosely speaking of course
[14:17] {ese} just realised i didn't post my loss with uri out ,20 -.31
[14:20] {Threei}  I just hate this kind of days
[14:21] {ese} yup
[14:22] {ese} L anf .97
[14:23] {ese} cool ...i/m up 6 bucks
[14:27] {ese} oh oh.......anybody elses quotes stop on them
[14:27] {Threei}  nered quotes?
[14:27] {Threei}  need
[14:27] {nemo} like mos short
[14:28] {ese} ya anf
[14:28] {ese} am restarting system
[14:28] {dolores} 36.01
[14:28] {dolores} 02 / 04
[14:28] {Threei}  36.02
[14:28] {nemo} Gawd I hope MIRC fails on him
[14:29] {ese} lol
[14:29] {dolores} .04 .06
[14:29] {dolores} you ok now?
[14:29] {ese} ok.....back up
[14:29] {nemo} Shite...
[14:29] {Will49} mine stopped also
[14:29] {nemo} how'd ya' like that john harold?
[14:29] {ese} frickin electronics..........treats me like nemo does..........distain
[14:30] {nemo} I never said you were a stain
[14:30] {Threei}  well, the difference is, electornic discriminate
[14:30] {nemo} with disdain, perhaps
[14:30] {Threei}  electronics
[14:30] {ese} lol
[14:30] {nemo} actually reminds me of a good insult
[14:30] {Threei}  and nemo is equal opportunity hater
[14:30] {nemo} definitely...I'm not prejudiced
[14:31] {Threei}  kind of: he sees you, he disdains you
[14:32] {nemo} It's all because of my third grade teacher
[14:32] {Beau} you were 15?
[14:32] {Threei}  boy, did he do a number on you
[14:32] {nemo} yeah, never graduated from the 3rd grade
[14:33] {nemo} well, have to blame somebody...I can't be responsible
[14:33] {ese} ok now i don't feel so bad......if he's an equal opportunity hater......thats ok
[14:33] {nemo} Yeah, I'll even probably eat bunny some day
[14:36] {nemo} shorted mos .94 against the whole
[14:36] {nemo} target .65ish
[14:38] {nemo} l spxu .91
[14:38] {nemo} oh oh, thunderstorms coming in
[14:38] {nemo} might have to shut down
[14:39] {nemo} scratching spxu, iwm at vwap
[14:40] {nemo} damn
[14:42] {Threei}  no news
[14:42] {dolores} where is this sell off coming from?
[14:42] {nemo} look at financials today and GS
[14:43] {Threei}  motly finniesm yes
[14:43] {nemo} financials never got above yesteday's close  GS was always at the bottom of the pile today, so were banks
[14:43] {Threei}  FAZ spiked
[14:43] {nemo} partialed mos at .79
[14:44] {ese} what happened there
[14:44] {ese} spyders just tanked
[14:46] {Threei}  [14:42] {Threei} no news
[14:46] {dolores} TVIX has not move much eithr
[14:46] {dolores}  at hghs
[14:48] {dolores} pity it stays in this inbetween
[14:48] {dolores} no tank no rally
[14:49] {Threei}  JPM
[14:49] {Threei}  shorting vandidate in this bounce
[14:49] {Threei}  candidate too
[14:50] {Threei} Short Setup: JPM  .90 break
[14:50] {dolores} GLD holding but  gdx no
[14:50] {Threei}  If holds  .95 
[14:52] {nemo} stop on MOS .92
[14:54] {Threei} Long Setup:  FAZ  .15 break
[14:54] {Threei}  If holds  .10 
[14:58] {Threei}  no go JPM
[14:59] {Threei}  let's let FAZ drop to about .05 and look for entry again
[15:06] {dolores} INTC S on .20?
[15:07] {Threei}  no clear setup
[15:07] {dolores} ok
[15:07] {dolores} thxs
[15:07] {ese} anf going nowhere....out .97 +/-.00
[15:07] {Threei}  although to be fair, it can be said of anything right now
[15:10] {Threei}  swampy day
[15:10] {Threei}  morning felt like there was a potentiasl
[15:10] {Threei}  must be tbell's fault
[15:13] {nemo} who's not here, we'll blame it on them
[15:15] {dolores} tomorrow and friday will be in late 
[15:15] {dolores} so get ready for a great morning!!!
[15:15] {dolores} always miss the best days
[15:17] {Threei}  ok... let's see if we get another bout of indigestion from financials
[15:17] {Threei} Long Setup:  FAZ  .05 break
[15:17] {nemo} bull flag to me
[15:18] {nemo} vwap at 80.28
[15:19] {Threei}  Invalidated  
[15:24] {scottie} nemo, when you say "vwap at 80.28" what signal does it give you?
[15:25] {nemo} gives you a level for which price action may be headed
[15:25] {nemo} which is exactly where it went
[15:25] {nemo} popped above it but didn't close above it yet
[15:26] {scottie} when it reaches 80.28, does it give you and indication of the direction?
[15:26] {nemo} no just areas on the geography that would attract price action
[15:27] {nemo} VWAP is indicative for index stocks
[15:27] {scottie} you mean the farther the price is from vwap, the better the chance that it will get back to that level?
[15:28] {nemo} yes, but it's relative to the day's action
[15:28] {nemo} spy got hung up in vwap that's where it basically formed a bottom but in a .14 range
[15:29] {nemo} sometimes it's much tighter
[15:29] {scottie} thanks
[15:30] {Threei} Long Setup:  FAZ  22 break
[15:30] {Threei}  If holds  .05 
[15:30] {scottie} .05?
[15:30] {Threei}  if we get SPY double top here
[15:30] {nemo} qcom
[15:30] {Threei}  .95
[15:30] {nemo} sorry
[15:30] {ese} outta here cya tomorrow
[15:31] {nemo} whoa hail
[15:31] {ese} Eric
[15:31] {Threei}  take care ese
[15:31] {ese} duh
[15:32] {dolores} tza triggered
[15:32] {Threei}  yes
[15:35] {dino} calling it a day guys. tomorrow real estate issues, so most likely not here until friday.
[15:35] {dolores} bye dino
[15:35] {Threei}  take care dino
[15:37] {dptl} see ya tomorrow all
[15:38] {Threei}  you too dp
[15:39] {nemo} infa break of .65 if we get any movement in the indexes
[15:39] {nemo} long .66
[15:39] {nemo} target .85
[15:40] {nemo} stop is under .60
[15:42] {Beau} gonna buy some darts & try nemo's method.
[15:42] {nemo} don't forget the blindfold
[15:43] {Beau} right. use for firing squad too
[15:43] {dolores} was it me or the room went off?
[15:43] {nemo} check your meds
[15:43] {dolores} meds?
[15:44] {nemo} can't be in this room unless you
[15:44] {nemo} re on meds
[15:44] {nemo} Vad didn't tell you huh
[15:44] {dolores} nope
[15:44] {nemo} indexes selling off a little
[15:45] {Threei}  ok FAZ
[15:45] {Threei}  go
[15:45] {Threei}  15 min to save the day
[15:51] {nemo} wow edu
[15:51] {nemo} worse chart than rimm
[15:53] {Beau} nemo you getting the severe storms and maybe tornadoes?
[15:53] {nemo} yeah
[15:53] {dolores} out
[15:54] {dolores} even day
[15:54] {dolores} only comissions
[15:54] {dolores} thxs vad
[15:54] {nemo} Did we give up when the Germans bombed Pearl Harbor?
[15:55] {Threei}  wait
[15:55] {Threei}  FAZ finally above 1;1
[15:55] {scottie} out .06 +.05 thanks Vad
[15:55] {Threei}  :)
[15:55] {Threei}  took triple lot, lol
[15:55] {Threei}  out
[15:55] {Threei}  .07
[15:56] {dolores} ok guys take care good trade tomorrow see you towards the close
[15:57] {Threei}  thank you all
[15:57] {Threei}  have a good evening, see you tomorrow
[15:58] {Beau} gn all 
[15:58] {scottie} gn all
[15:58] {scottie} except nemo
[15:59] {Threei}  lol
[15:59] {Threei}  well done