Tuesday, July 24, 2012

July 24 2012

Another very string day for us, with trade after trade working nicely.

Session Time: Tue Jul 24 00:00:00 2012
[09:11] {dolores} GM all
[09:11] {_mpascal} good morning
[09:12] {_mpascal} are you the head trader?
[09:12] {Threei}  morning dolores, mpascal
[09:13] {_mpascal} good morning threei
[09:14] {scottie} gm
[09:14] {Threei}  scottie :)
[09:15] {cipher} morning
[09:15] {Threei}  cipher :)
[09:16] {RonS} hi all...anyone got the flash pmi number?
[09:16] {Threei}  ron :)
[09:16] {Threei}  *(US) JULY PRELIMINARY MARKIT PMI MANUFACTURING: 51.8 V 52.0E (lowest since Dec 2010)- New Orders 51.9 v 53.7prior - Employment: 52.9 v 52.8 prior
[09:16] {Threei}  this?
[09:16] {RonS} yes, thanks
[09:17] {Threei}  markewt of course went up after release
[09:18] {jackharry} Good morning
[09:19] {Threei}  jack :)
[09:22] {Will49} GM
[09:23] {Threei}  will :)
[09:23] {Threei}  nor very inspiring opening... I liked yesterday's way more
[09:24] {Threei}  beaty, you here?
[09:24] {dptl} gm
[09:25] {Threei}  dp :)
[09:25] {ese} morning
[09:27] {Threei}  ese :)
[09:28] {Threei}  hmmm... quite a few people are drinking away yesterday's profit, I guess
[09:29] {Threei}  barring news developments, feels like pullback at the open, then slow climb
[09:29] {Beau} gm
[09:29] {Threei}  beau :)
[09:30] {dino} gm
[09:30] {Threei}  dino :)
[09:30] {Threei}  (EU) France Govt official comments that a solution for Spain could include ECB intervention or an increase in the size of the firewall
[09:30] {Threei}  idiots
[09:30] {Threei}  FCX on a radar
[09:31] {Threei} Short Setup: FCX  .70 break hl
[09:31] {Threei}  If holds  .80 
[09:31] {Threei} Short Setup: SLW  .70 break
[09:32] {Threei}  If holds  .80 
[09:34] {Threei}  1:1
[09:35] {Threei}  SLW, let's trail stop to .76
[09:35] {Threei}  want to keep opening volatility risk to a min
[09:37] {Threei}  LVS bounce candidate
[09:37] {Threei} Long Setup:  LVS  .20 break hl
[09:37] {Threei}  If holds  .10 
[09:38] {Threei}  good boy SLW
[09:38] {Threei}  1:1
[09:39] {nemo} looking for index bounce in this area
[09:39] {Threei}  yup, and LVS fits the profile
[09:39] {nemo} l tna .60 break ifh spy holds .82
[09:40] {Threei}  held relatively steady why SPY downticked
[09:40] {dolores} LVS too fast 
[09:40] {nemo} in .62
[09:40] {dolores} could nit get in
[09:40] {nemo} stop under .50
[09:40] {Threei}  1:1... no secondary entry if pulls back to .20
[09:41] {Threei}  anyone caught it?
[09:42] {jackharry} no, too fast
[09:42] {nemo} mmhhhhhh
[09:42] {nemo} not liking this action
[09:42] {nemo} if you're risk averse scratch tna
[09:43] {Threei}  very subdued opening
[09:43] {nemo} yeah
[09:44] {Threei}  anyway, two for us, one got away
[09:44] {Threei}  what's our hurry
[09:44] {nemo} yeah, didn't like that action
[09:45] {Threei}  LXK...
[09:46] {Threei}  nah, not liking it
[09:46] {nemo} where's the bottom?
[09:46] {Threei}  probably short on .80 break
[09:46] {Threei}  looks bottomless
[09:46] {nemo} I know the guy who started that company
[09:47] {nemo} well, knew, haven't seen him in 10 years or so
[09:47] {RonS} Thomas Watson?
[09:48] {nemo} no, wasn't started by IBM, they bought it
[09:49] {Threei}  I find this headline somewhat humoristic:
[09:49] {Threei}  (EU) Spain, Italy and France said to call for implementation of EU Leader Summit agreements
[09:49] {nemo} France is screwed too
[09:49] {Will49} What a ship of fools
[09:49] {Threei}  not enough to agree on something... then there is a need to insist on implementation
[09:49] {Threei}  two sets of numbers at 10
[09:50] {Threei}  Richmons Fed and May House prices
[09:50] {Threei}  anyone's still holding half of SLW?
[09:51] {Threei}  ship of fools eh... Fellini reference? :)
[09:51] {Will49} can't remember
[09:51] {Will49} early dimentia
[09:52] {nemo} cat
[09:52] {Threei}  1:2 SLW, out in full
[09:54] {nemo} would like to see CAT get back to .75 area
[09:54] {Threei}  CAT posted some impressive numbers
[09:54] {nemo} yeah, well that chart looks short to me
[09:55] {Threei}  I'd wait out numbers at 10
[09:55] {Threei}  let the market determine direction
[09:55] {nemo} fine...coupla shots of vodka to kill time
[09:55] {nemo} Hytra zhoppa
[09:55] {Threei}  if SPY holds .60 and revreses, CAT is anything but short, IMO
[09:56] {Threei}  dp.... how do you like his russian?
[09:56] {nemo} yep, sun could come out
[09:56] {dolores} SLW on the bounce?
[09:56] {Threei}  looks very weakm dolores
[09:56] {Threei}  4 min till numbers
[09:56] {Threei}  why gamble, let's wait them out
[09:56] {dolores} OK
[09:57] {dolores} GS nice bounce at HODS
[09:57] {nemo} damn would like to have shorted cat, frickin numbers
[09:57] {dolores} WFC lagging behind
[09:58] {Threei}  if market drops dead, short that CAT on .50 break
[09:58] {nemo} see, nobody believes me...sniff\
[09:59] {Threei}  yikes
[09:59] {Threei}  Fitch: Spain mortgage market set for further deterioration
[09:59] {Threei}  *(US) MAY HOUSE PRICE INDEX M/M: 0.8% V 0.4%E
[09:59] {Threei}  how's that for confusion
[10:00] {Will49} numbers are fixed anyway
[10:00] {nemo} yeah, and that moon landing was a hollywood hoax
[10:01] {Will49} should say the numbers are massaged
[10:01] {nemo} arguably tna long .30 break
[10:01] {Threei}  of course... anyone can see that moon is much smaller than a person... how could they even think anyone would buy that
[10:03] {Threei} Long Setup:  FAZ  .05 break
[10:03] {Threei}  If holds  .95 
[10:05] {nemo} iwm testing 200 SMA
[10:06] {nemo} they're skittish about pounding this level
[10:06] {Threei}  so far SPY downtrend is intact
[10:06] {nemo} yeah, positive divergences on 3 time frames
[10:07] {Threei}  ideally FAZ holds 24 and goes above .10, at which point we will trail stop to .99
[10:08] {nemo} wow that was quick picked up small .11 tna
[10:08] {Threei}  quiet day...
[10:08] {nemo} futures volume in spx very low
[10:08] {Threei} Short Setup: SLW  .45 break
[10:09] {nemo} partialed .201
[10:09] {nemo} .21
[10:09] {nemo} looking for .50 then falling vwap at .60
[10:10] {Threei}  anyone here owns/uses the iPad?
[10:10] {dolores} sorry was out are we in FAZ?
[10:10] {ese} L DV .53
[10:11] {dolores} guess not now
[10:11] {Will49} wife has an iPad
[10:11] {ese} lousy fill
[10:11] {nemo} out b/e on tna
[10:12] {Threei}  new trading magazine for iPad, published one of my articles: http://itunes.apple.com/us/app/todays-trader-magazine/id542916730?ls=1&mt=8
[10:12] {Threei}  it's free inaugural edition
[10:12] {ese} stop to .50
[10:13] {Threei}  SLW stop for scalpers .51, day traders .56
[10:13] {ese} 1/2 .66
[10:13] {ese} +.13
[10:15] {ese} stoped balance .51 -.02
[10:16] {Threei}  ok FAZ, break that .10 and go to 1:1 finally
[10:19] {nemo} s sndk .29
[10:19] {nemo} stop above .40
[10:19] {nemo} throw the women and children overboard the indexes hit an iceberg
[10:20] {nemo} mmmmmhhhhh....o.k. maybe a tad melodramatic
[10:20] {Threei}  so far so good
[10:20] {Threei}  unless you are scalping, play FAZ by the book
[10:20] {nemo} http://fwd4.me/16Q3
[10:20] {nemo} sorry
[10:21] {nemo} .16 level important for spy
[10:21] {Threei}  SLW, let's trail stop to .46
[10:21] {Threei}  no risk at all
[10:22] {nemo} I'll be out of sndk short above this .35 offer
[10:23] {nemo} l spxu .02
[10:23] {nemo} stop under .90
[10:24] {RonS} nxpi l 20.40
[10:24] {nemo} pit smdl
[10:24] {nemo} oops
[10:24] {nemo} that made alot of sense
[10:25] {nemo} scratching sndk
[10:26] {nemo} moving stop up on spxu to .99 because this is important spy level
[10:26] {nemo} out
[10:27] {Threei}  closed SLW
[10:27] {Threei}  scalpers were right
[10:27] {jackharry} out break even SLW, and at .18 FAZ, thank you
[10:28] {Threei}  let's cut 1/4 more FAZ
[10:28] {Threei}  yw
[10:28] {Threei}  stop .09 for the last 1/4
[10:28] {RonS} out nxpi .90 +.50
[10:28] {Threei}  wtg
[10:29] {Threei}  been a while since we seen such slow day
[10:30] {ese} well done ron....errr dino....ahhhh I mean ron
[10:31] {Threei}  they consipred to keep you confused ese
[10:33] {ese} it worked
[10:34] {nemo} not much edge today
[10:35] {Threei}  still... we have 4 winners and 1 breakeven
[10:36] {ese} L hal .56
[10:36] {Threei}  if SPY does what it does most often lately, we are about 30 min away from uptrend beginning
[10:36] {Beau} off to yankee land for a week.  Granddaughter's wedding.  You all be nice to nemo
[10:37] {Threei}  have fun beau
[10:37] {RonS} well, while you are up there, drop by and smack him around...
[10:37] {Threei}  and sorry, but we can't promise you to be nice to nemo
[10:37] {RonS} :)
[10:41] {nemo} s btu .39
[10:41] {nemo} stop above .50
[10:44] {nemo} mmmhhhh....dt pot
[10:45] {nemo} partialed btu .27
[10:45] {nemo} looking to short pot below .85 if it holds .91
[10:46] {nemo} sheesh  btu
[10:47] {nemo} stop is .41
[10:47] {nemo} damn missed pot
[10:47] {nemo} selling .83, see if I get hit
[10:47] {nemo} yeah, right
[10:47] {Threei}  out FZ in full
[10:47] {Threei}  FAZ
[10:48] {nemo} did you say to Beau you weren't going to be nice to me?
[10:48] {Threei}  yes, why?
[10:48] {nemo} hytra zhoppa
[10:49] {nemo} was just looking for an excuse to write that again
[10:49] {Threei}  ok... you need to widen your russian vocabulary
[10:49] {dptl} lol
[10:49] {nemo} sorry...last night we drank too much
[10:49] {dptl} sound ukrainian to me
[10:49] {nemo} Muscovite
[10:51] {ese} out hal .42 -.14
[10:51] {ese} feel like i'm being nit picked to death
[10:51] {nemo} dp dcc
[10:53] {nemo} took more btu .16
[10:57] {ese} made a decision...it was wrong....HAL bounces back......piece of s&^%!!
[11:00] {Threei}  US) PIMCO's Gross: Richmond Fed reading earlier today was 'disastrous', implies GDP moving closer to 0% **REMINDER: the Richmond reading came in at a 3 year low of -17 v -1e.
[11:00] {Threei}  remind me again, why have we spent 780B to stimulate something?
[11:01] {Threei}  frikin imbeciles, digging deeper and deeper hole...
[11:03] {nemo} It's funny...
[11:03] {nemo} the lefty Keynesians like to point out how cheap the government can "borrow" money and we should borrow all we can
[11:03] {Threei}  it would be if it weren't so sad
[11:04] {nemo} But I ask....why is it that the Fed has to buy all those bonds
[11:04] {nemo} And why did we make China a direct dealer recently
[11:04] {Threei}  Keynesians are cretins
[11:04] {nemo} And why was there that story of military technology transfer to the Chinese a few weeks ago
[11:05] {Will49} the answer is written in the wind
[11:05] {Threei}  this argument about "let's borrow while it's cheap" will never cease to amaze me... no one knows how to repay what is owed already, how any sane person can advocate borrowing more?
[11:05] {nemo} Well, if you need somebody to help you maintain a system because there is no natural demand, those are the things you do
[11:06] {nemo} stop on btu is above .30
[11:06] {RonS} what planet is this?...Geithner says extending tax cuts for wealthy 'irresponsible'
[11:07] {nemo} what's funny is the tax cuts or difference in revenue is negligible to the deficit
[11:07] {nemo} Reminds me of the lefties saying it doesn't make any sense to drill in ANWAR because the amount of oil would be relatively negligible
[11:07] {nemo} Well, if the amount of tax revenue is neglible to the deficit, which it is, why do it?
[11:08] {Threei}  beaty, you here?
[11:08] {Threei}  admin asked me to ask you to check your e-mail
[11:10] {Will49} If USA has been effectively devaluing the dollar since the great depression...can't it go on forever?
[11:11] {Threei}  it could if they haven't jacked up the rate of borrowing beyond reasonable
[11:12] {Threei}  noe to deal with it they would have to do hyperinflation
[11:12] {Threei}  noe = now
[11:12] {Will49} is beyond me
[11:12] {Threei}  and as one who lived through hyperinflation, let me tell you... you do not want that
[11:13] {Will49} so, we are going to live thru the lesser of two evils then
[11:13] {Threei}  lesser of two evils is austeriry
[11:13] {Threei}  which in fact is simply cutting down artifical demand
[11:14] {Threei}  leaving only natural demand to drive the manufacturing, thus jobs
[11:14] {Threei}  and since we have a huge slack of supply geared for the demand created by borrowing...
[11:15] {Threei}  it will be very very very painful
[11:15] {Will49} the 1% don't care...they've got theirs
[11:15] {Threei}  but it's still lesser of two evils
[11:15] {Will49} yes
[11:16] {Threei}  ese, look dcc pls
[11:19] {nemo} l tna .05, stop under .90
[11:19] {nemo} think we're going to vwap now
[11:19] {nemo} partial at .15
[11:20] {Threei}  OK... uptrend is bout to begin I think
[11:20] {nemo} partial again .28
[11:20] {nemo} stop .09
[11:21] {Threei} Long Setup:  FAZ  .50 break hl
[11:21] {Threei}  If holds  .35 
[11:21] {dolores} you mean FAS
[11:21] {nemo} yeah
[11:22] {Threei}  grr
[11:22] {Threei}  yes
[11:22] {Threei}  force of habit
[11:22] {Threei}  over 1:1
[11:23] {Threei}  anyone decoded my confusion and got it?
[11:24] {Threei} Long Setup:  FCX  .20 break
[11:25] {Threei}  If holds  .10 
[11:33] {Threei}  Invalidated  
[11:34] {Threei}  - Chatter made the rounds overnight that Spain may be considering a full bailout if it can't get ECB cover for its rapidly escalating bond yields. In the meantime, European officials scrambled to tamp down talk of a Greek EMU exit.
[11:35] {Threei}  Peripheral yields are at or near all-time highs, while the Italian and Spanish equity markets are plunging to record low levels, further heightening tension in Europe
[11:38] {Threei}  (GR) EU officials see Greece missing the debt reduction targets set by the EU and IMF and that additional debt restructuring could be necessary
[11:38] {Threei}  that's what interrupted uptrend starting
[11:39] {Threei}  and on a comical side:
[11:39] {Threei}  (EU) France Govt minister said to have denied that France, Italy and Spain jointly called for fast implementation of the EU agreements
[11:39] {Threei}  it looks like deterioration accelerates
[11:40] {dino} lol, its as if they believe the politicians when they say things are fine
[11:40] {nemo} they stop hunted the shorts and then slammed it
[11:41] {Threei}  (GR) Greece Labor Ministry plans to announce additional �4B in savings related to �11.5B initiative - Greece press
[11:41] {Threei}  yeah right
[11:41] {Threei}  read: we won't cut another 4B in addition to 11B we haven't cut already
[11:42] {Threei}  Greece Govt notes it will merge or close 21 different state agencies
[11:42] {Threei}  that's right, merge them - this way you can hire more people to make the transition smooth
[11:43] {Threei}  or close them - this way you can hire more people to maske up for work those closed ones stopped doing
[11:43] {Threei}  either way, outcome is thwe same
[11:44] {Threei}  and now, idiot time:
[11:44] {Threei}  (EU) OECD's Gurria: ECB nees to use its bazooka to cap Italian and Spanish yields, must reactivate the SMP bond buying program - TV interview
[11:46] {dino} bto gntx aug calls
[11:50] {Threei} Long Setup:  TZA  .80 break
[11:51] {Threei}  If holds  .74 
[11:59] {Threei}  finally
[11:59] {Threei}  took its sweet time
[12:00] {Threei}  half out .87
[12:00] {Threei}  stop to .79
[12:01] {ese} L avy .36
[12:03] {Threei}  1.4 more out .95
[12:04] {Threei}  1/4 that is
[12:04] {ese} uncle point coming with spyders maybe
[12:04] {Threei}  out in full 20
[12:05] {Threei}  anyone took TZA?
[12:05] {Will49} me
[12:05] {Threei}  :)
[12:05] {Will49} and it was good
[12:05] {scottie} yes, out in full .91 thanks
[12:05] {Threei}  yw
[12:06] {scottie} was away for a while, got back just in time to take the trade
[12:06] {ese} gj will scottie
[12:06] {Threei}  ese, dcc pls
[12:06] {Will49} I'm slowly "getting it" tks
[12:07] {Will49} t's nice when my numbers line up with Big Daddy Vad's
[12:11] {nemo} "Big Daddy Vad"....i'm ill
[12:11] {Threei}  lol
[12:11] {Will49} a term of endearment
[12:11] {nemo} dude...I won't out of deference to your noob status....but wow, what an opening!
[12:12] {Will49} thank you kind sir
[12:12] {Threei}  wow Will... you sent him to hospital
[12:12] {Will49} :)
[12:12] {Will49} Don't worry
[12:13] {Will49} and don't YELL
[12:13] {Threei}  hehe
[12:14] {Will49} nemo did you mean don;t use the word "kind"
[12:14] {Threei}  that made him violently ill I bet
[12:14] {nemo} Korrekqt
[12:14] {Threei}  "nice... "kind"... you just don't call him any of that
[12:14] {Threei}  not unless you want to insult him
[12:14] {nemo} Yes, I must seek solace with bunny
[12:15] {Will49} nemo...the vampire who fears a kind word thru the heart
[12:15] {Threei}  there you go
[12:15] {nemo} I wouldn't go that far...it's kinda' more like fingers across a chalkboard
[12:16] {nemo} spy bottomed at the 50 SMA
[12:16] {Will49} well, I'll try to find every opportunity to provide that for you
[12:16] {Will49} don't distract me with market talk
[12:18] {nemo} mmmhhhhhh....
[12:18] {Will49} now that nemo is distracted, I'm going for a lunchtime S,S,S and S
[12:18] {nemo} fourth "S" siesta?
[12:19] {Will49} shampoo
[12:19] {nemo} ahhhhh
[12:19] {Will49} old military term
[12:19] {Will49} SSSS
[12:19] {nemo} shampoo?
[12:20] {Will49} you ninja warriors surely know that one
[12:20] {nemo} why don't you get your nails done too
[12:20] {nemo} no ninja here
[12:20] {Will49} obviously you don't know th first three esses
[12:20] {Threei}  if this double bottom doesn't hold, SPY is so doomed
[12:21] {nemo} nah, no clue
[12:21] {nemo} SPY through the 50 sma
[12:21] {Will49} hurry up Vad, give us an alert so I can get out from under this discussion
[12:21] {nemo} I didn't make you jump down the rabbit hole, Alice
[12:22] {Will49} SSSS = Sh**, shower, shave and shampoo
[12:22] {nemo} I understand...I'm much older than my juvenile banter would indicate
[12:22] {Will49} I was wondering
[12:22] {Threei}  don't see easy trade here
[12:23] {nemo} no, and divergences are building
[12:26] {cipher} l aapl .600.09
[12:26] {nemo} I'd like spy to get to .20
[12:26] {nemo} l tna .96
[12:27] {cipher} out 1/2 aapl .88
[12:27] {nemo} scalping stop under .90
[12:27] {cipher} out 1/4 more +1.04
[12:28] {nemo} cipher diaper..nice
[12:28] {nemo} nov
[12:28] {nemo} sorry
[12:28] {nemo} partialed .06
[12:29] {cipher} out rest .30 +1.21
[12:32] {Threei}  wtg'
[12:33] {cipher} ty
[12:37] {nemo} stop under 48
[12:43] {nemo} stop to .10
[12:44] {nemo} iwm breaks resistance I'll move tna stop up to .20
[13:04] {scottie} ame?
[13:05] {Threei}  tough one
[13:06] {Threei}  tries to form double bottom
[13:06] {Threei}  half lot .40 break
[13:06] {Threei}  worth a try I guess
[13:07] {nemo} credit spreads between treasuries and bank rates are back to the 2008 levels.
[13:07] {nemo} oh oh
[13:08] {nemo} we should be coming in to a limit down morning any day now
[13:11] {scottie} out .51 +.10
[13:11] {Threei}  :)
[13:12] {scottie} patience !!!
[13:13] {ese} out avy.57 +.21 1800shs
[13:13] {RonS} gj
[13:13] {Will49} nice one scottie
[13:14] {Will49} ese...excellent
[13:14] {scottie} :)
[13:17] {ese} tks
[13:19] {ese} am outte here though....got a tee time at Royal Colwood Golf club at noon.........raaathaa....joolly good and all that.....catch you all tomorrow
[13:19] {scottie} chk s .20 ?
[13:19] {Threei}  take care ese
[13:19] {Will49} keep your head down ese
[13:19] {Threei}  I think so scottie
[13:20] {Threei}  just don;t count on much with this one
[13:35] {Threei}  scottie, you covered CHK?
[13:35] {scottie} stopped out at break even, .01 from 1:1
[13:36] {scottie} didn't want to lose money on it
[13:36] {Threei}  of course, it went to 1:1, stop must be trailed
[13:36] {Threei}  in this situation, I'd not be pedantically waiting for 1:1 to the cent
[13:36] {Threei}  would have covered it as soon as it started bouncing
[13:37] {scottie} ok
[13:42] {scottie} covered too soon
[13:43] {scottie} finally went to 1:1
[13:44] {nemo} l tna .86
[13:45] {nemo} stop under .75
[13:45] {nemo} oh oh
[13:48] {nemo} oy vay
[13:49] {Threei}  today is different, nemo
[13:49] {nemo} yeah
[13:49] {Threei}  last weeks, your idea would be the right one 4 days out of 5
[13:49] {Threei}  yesterday and today, desperation increases
[13:50] {nemo} I may be one entry too early
[13:51] {nemo} but that I couldn't have predicted
[13:52] {nemo} now that's a righteous rinse...pass the lube
[13:53] {nemo} there's my 1:1 rinse
[14:11] {nemo} mmmhhh...look .73 bid tna
[14:14] {Threei}  ?
[14:14] {Threei}  what bid?
[14:14] {nemo} that was 3 minutes ago vad
[14:14] {Threei}  oh
[14:14] {Threei}  time lapse
[14:14] {nemo} anyway, nice escalator ride down on uri
[14:14] {Threei}  alzheimer
[14:14] {nemo} was thinking that
[14:14] {Threei}  "doctor, help me with my memory blackouts..."
[14:15] {Threei}  and how often do you experience them?
[14:15] {Threei}  -what
[14:15] {nemo} wow mlnx up almost $5
[14:15] {Threei}  blackouts!
[14:15] {Threei}  - what blackouts??
[14:15] {nemo} l tna .74
[14:15] {nemo} look that volume bar on spy, dam I was late
[14:15] {nemo} damn
[14:16] {Threei}  to me, it's just a dead cat bounce
[14:16] {nemo} your fault
[14:16] {Threei}  sure
[14:16] {nemo} dead cat...sell the fur
[14:17] {nemo} remember the book in the 80's "101 Things to do with a dead cat"
[14:17] {Threei}  in 80 I was reading the history of Communist Party
[14:17] {Threei}  it was a required reading, mind you
[14:18] {nemo} when was Andropov, '82
[14:18] {Threei}  yeah
[14:19] {nemo} wtf  .47 print tna
[14:19] {nemo} that was weird
[14:19] {Threei}  erroenous print
[14:19] {Threei}  never mind
[14:19] {nemo} 400 shares FINR
[14:19] {Threei}  but matket is very weak
[14:20] {nemo} anyway, who was before Andropov?
[14:20] {Threei}  I don't knwo why you try to jump okn reversal until reversal shapes up
[14:20] {nemo} Gromyko, or was he always Foreign Minister?
[14:20] {nemo} voices in my head
[14:20] {Threei}  Brezhnev
[14:21] {nemo} thought there was somebody between him and Andropov?
[14:21] {Threei}  no
[14:21] {nemo} ahhhh....clouds of youth
[14:21] {Threei}  Brezhnev, Anrdopov, Chernenko
[14:21] {Threei}  then Gorbachev came, and whole thing unravelled
[14:21] {nemo} and then strawberry forhead guy
[14:21] {nemo} oh yeah, Raisa
[14:22] {Threei}  (EU) France Fin Min Moscovici plans meeting with Spain Econ Min Guindos tomorrow - financial press
[14:22] {Threei}  oarty?
[14:22] {Threei}  party
[14:22] {Threei}  who brings beer?
[14:22] {nemo} a .46 on finra
[14:22] {nemo} wtf
[14:23] {nemo} o.k. I'm out
[14:24] {Threei} Long Setup:  FAZ  .65 break
[14:26] {Threei}  stop .56
[14:26] {Threei}  offer first partial here
[14:26] {Threei}  .73 out
[14:26] {Threei}  stop to .63
[14:27] {Threei}  second partial at .78 - .79
[14:27] {Threei}  why are red days so easy to trade...
[14:29] {Threei}  1/4 more out .79
[14:29] {Threei}  like shooting fish ina barrel
[14:30] {Threei}  or taking candy from nemo's neighbour after nemo scared cr*p out of him
[14:37] {Threei}  anyone's breathing?
[14:38] {Will49} :P
[14:38] {RonS} ;)
[14:39] {scottie} :saway from my computer for a few minutes, missed it 
[14:40] {Will49} I was sitting staring at the screen and still missed it. Slow hand-eye coordination
[14:46] {Threei}  (SP) Spain/Germany joint statement: calls for quick implementation of bank bailout measures
[14:46] {Threei}  - Spain has taken important steps on economy.
[14:46] {Threei}  - Important to work towards banking union.
[14:46] {Threei}  - Spanish debt yields do not reflect fundementals of economy.
[14:46] {Threei}  **Statement released by the Spanish government following meeting between finance ministers Schaeuble and De Guindos
[14:46] {Threei}  (**NOTE: a similar "joint statement" released by Spain earlier today said that Spain, France, and Italy jointly called for rapid implementation of the decision made at the last EU summit; France and Italy later denied they were a party to the statement)
[14:47] {Threei}  lol... this is not a ship of fools, this is whole flotilia
[14:47] {dino} yields do not reflect fundamentals, lol
[14:47] {Threei}  I agree with that...
[14:47] {Threei}  I just suspect they thing yeileds shou,ld be lowe
[14:48] {Threei}  while I think they should be much higher to reflect thiose fundamentals
[14:49] {dino} my point
[14:49] {Threei}  :)
[15:00] {RonS} Gay marriage produced $259 million for New York City's economy
[15:02] {Threei}  hey... maybe that's the recipe
Session Close: Tue Jul 24 15:02:40 2012

Session Start: Tue Jul 24 15:02:40 2012
Session Ident: #discussions
02[15:02] * Disconnected
02[15:05] * Attempting to rejoin channel #discussions
03[15:05] * Rejoined channel #discussions
[15:06] {Threei}  great... lost connection
[15:06] {Threei}  missed anything?
[15:07] {Will49} we all went to sleep
[15:07] {Will49} it seems
[15:07] {scottie} zzzzzzz
[15:07] {Will49} even nemo was quiet
[15:07] {Threei}  that's scary
[15:07] {Threei}  when nemo's quiet, you better put body armor on
[15:07] {dino} showing s/p gap 1328
[15:08] {Threei}  watching TZA
[15:08] {Threei}  want entry near .20
[15:13] {dino} gotta hop guys. real estate closing
[15:13] {Will49} cya dino
[15:14] {Threei}  take care dino
[15:24] {Threei}  trend maybe finally changing
[15:36] {nemo} 133.50ish is the 50 SMA
[15:39] {dolores} nice comeback
[15:40] {nemo} spy touches vwap
[15:41] {nemo} gonna' make back a buck in a half hour
[15:43] {Threei}  nope
[15:44] {Threei}  this is just some short cvering
[15:44] {nemo} yeah, stopped at vwap
[15:45] {Threei}  this market operates under the motto "beating will continue until morale improves"
[15:48] {dptl} gn all see ya tomorrow
[15:48] {Will49} be good dp
[15:49] {dptl} :)
[15:49] {dolores} ok guys see you tomorrow thank you VAD
[15:49] {scottie} ok, good night everyone, thanks Vad
[15:49] {Threei}  thank you all guys
[15:50] {Threei}  have a great evening, see you tomorrow
[15:50] {Will49} CY
[15:54] {nemo} missed the buck by .03 so far
[15:55] {nemo} there we go
[15:55] {nemo} spy almost to S1 on the daily