Wednesday, July 25, 2012

July 25 2012

Interesting day that started with a few tight stops in quick succession, then nice juicy winning trades that put us back in black. Repairing the day slowly and carefully, with no rush and no pushing. Room members nailed quite a few amazing plays today, on QCOR, WLP and others.


Session Time: Wed Jul 25 00:00:00 2012
[08:49] {nemo} Wow:  fwd4.me/16WM
01[08:57] {Threei}  heh
[08:57] {nemo} see the video in the Zero-douche's blog?  wow
01[08:59] {Threei}  thing that amazes me about glass-steagal, no sane person cam possibly come up with any sane justification for its removal, nor against restoration of it - and yet here we are, both happen
[09:00] {nemo} Earth is the perfect definition of "Hell"
[09:09] {dino} gm
01[09:09] {Threei}  dino :)
[09:09] {jackharry} Good morning
[09:09] {nemo} Ron makes me appreciate Les...that's scary
01[09:10] {Threei}  jack :)
[09:10] {dino} i see all is well in the world today w/ppt saying they are tepping in
[09:10] {dino} stepping
01[09:11] {Threei}  yes... problems are solved
01[09:13] {Threei}  wekk, not all of them to be fair - we still have to deal with garbage pickers' iuniform not being exact fit to their figures... but relieved from financial crisis, world will overcome this
[09:16] {ese} gm
01[09:16] {Threei}  ese :)
[09:17] {Will49} Hi
[09:17] {ese} will vad nemojack dino
01[09:18] {Threei}  will :)
[09:19] {scottie} gm
01[09:19] {Threei}  scottie :)
[09:20] {RonS} howdy everyone
01[09:21] {Threei}  ron :)
01[09:24] {Threei}  AAPL slight gap down
01[09:28] {Threei}  skipping first minutes
01[09:29] {Threei}  all my instincts scream short it
01[09:29] {Threei}  can be dangerous to listen to them while market climbs
[09:31] {dolores} hello GM
01[09:31] {Threei}  dolores :)
01[09:32] {Threei}  FCX just called, said "you should have listened to those instincts of yours"
01[09:32] {Threei}  and hung up
01[09:32] {Threei}  with evilish laughter
01[09:33] {Threei}  another call, caller ID says LVS... I am not picking up
01[09:34] {Threei} Long Setup:  SLW  .80 break
01[09:34] {Threei}  change to .75 break
01[09:34] {Threei}  If holds  .70 
[09:35] {ese} L altr .16
01[09:36] {Threei} Long Setup:  FCX  .15 break hl
01[09:36] {Threei}  If holds  .05 
01[09:36] {Threei}  Invalidated  FCX 
[09:36] {ese} out altr .42 +.26
01[09:37] {Threei} Long Setup:  FCX  32 break hl
[09:37] {dolores} SLW stop .69 ?
01[09:37] {Threei}  yes
01[09:38] {Threei}  FCX, stop .94
01[09:39] {Threei}  SPY behaves
01[09:39] {Threei}  followers not so much
01[09:40] {Threei}  no go FCX
[09:40] {dolores} out FCX
01[09:40] {Threei}  ditto SLW
01[09:41] {Threei}  rinse
01[09:44] {Threei} Long Setup:  GDX  .30 break
01[09:44] {Threei}  If holds  .25 
[09:45] {nemo} cat
[09:45] {nemo} damn
[09:45] {nemo} was gonna say short below .60
01[09:45] {Threei}  Invalidated  
[09:47] {nemo} remind me not to notify before I enter a trade
01[09:48] {Threei} Long Setup:  IWM  77 break
01[09:48] {Threei}  ugh, late
01[09:48] {Threei}  see if pulls back for entry
01[09:48] {Threei}  in .02
01[09:49] {Threei}  stop .94
01[09:50] {Threei}  wow
01[09:50] {Threei}  no go
[09:50] {nemo} wow, would have been done for the day
01[09:50] {Threei}  with CAT?
[09:50] {nemo} I notified before I entered the trade and it dropped .60 like a rock
01[09:50] {Threei}  yeah, nice drop
[09:50] {nemo} no chance to get in, wasn't expecting that
01[09:51] {Threei}  well, my initial instinct to short the deuce out of everything was right
01[09:51] {Threei}  no clear setup though
[09:51] {RonS} chrw sm l .40
[09:51] {nemo} where do yo find these stocks?
[09:52] {nemo} musth be the dino-ron bromance...
[09:52] {nemo} of course, I'm just jealous 
01[09:52] {Threei} Long Setup:  X  .16 break
01[09:52] {Threei}  If holds  .10 
[09:53] {RonS} review earnings and look for overdone situations...
01[09:53] {Threei}  and keep fresh diapers handy
[09:54] {RonS} limited risk keeps diapers at bay...lesson learned from dino
01[09:54] {Threei}  new home sales at 10
01[09:54] {Threei}  Invalidated  X 
01[09:56] {Threei} Short Setup: POT  44 break
01[09:56] {Threei}  If holds  .10 
[09:56] {nemo} numbers at 10
01[09:57] {Threei}  Invalidated  
[09:59] {Will49} isn't this supposed to be fun?
01[09:59] {Threei}  isn't it?
[09:59] {Will49} boggles my Noob mind
[09:59] {nemo} like the story of Monk Sha
01[10:00] {Threei}  *(US) JUN NEW HOME SALES: 350K V 371KE
[10:00] {Will49} who?
[10:00] {nemo} Monk Sha
01[10:00] {Threei}  yikes
[10:00] {nemo} Chinese story
01[10:01] {Threei} Long Setup:  FCX  .75 break
01[10:01] {Threei}  If holds  .65 
01[10:01] {Threei}  actually, let's change to .70 break
01[10:02] {Threei}  with invalidation .60
[10:02] {nemo} db
01[10:02] {Threei}  nope
[10:02] {RonS} out chrw flat
01[10:03] {Threei}  POT setup is back
01[10:04] {Threei}  same, 44 break short
01[10:06] {Threei}  new home sales lowest since Jan
[10:07] {cipher} fcx l.55
[10:09] {dolores} is POT tieggered?
[10:09] {dolores} did not see it below 44
01[10:09] {Threei}  not yet
[10:09] {dolores} ok 
01[10:11] {Threei}  invalidated
01[10:11] {Threei}  so far, not getting today's rhythm
01[10:11] {Threei}  keeping stops small
[10:12] {dolores} LVS to lows
[10:12] {dino} chrw odd, not bad report
01[10:12] {Threei}  since gravity is not abolished and we are bound to hacve losing day now and then, main thing is to keep it under control
[10:13] {Will49} now you tell me:)
[10:13] {dino} ghrw sm l .75
[10:14] {nemo} what stock dino?
[10:15] {ese} L brcm .53
[10:15] {nemo} cat
[10:16] {ese} out brcm .66 +.13
[10:16] {dino} chrw sorry
[10:16] {cipher} out 1/2 fcx .70 +.15
[10:16] {dino} gj
[10:17] {dino} out chrw .25, +.50 thx ron
[10:17] {RonS} yw gj
01[10:18] {Threei}  wtg
[10:18] {thomcbell} long setup lvs 37.51 break if holding 37.43
[10:18] {dino} something tells me i'm out too soon
[10:19] {RonS} bunny give you a call?
[10:19] {thomcbell} target 1:3
[10:19] {dino} re-load sm l .40
[10:19] {cipher} out rest fcx .75 +.20
[10:19] {dino} gj
[10:19] {cipher} ty
[10:20] {dino} banging on vwap
[10:20] {dino} bp spike
[10:20] {dino} and drop
[10:20] {nemo} that vwap is the 23.6 retrace too
[10:21] {thomcbell} lvs 1:1
[10:21] {dino} 20 dma calling imo
[10:21] {dino} tumi spike
[10:22] {nemo} should have been looking at wlp
[10:23] {dino} out chrw .84, +.44
[10:23] {RonS} wanted wlp sub 53...
01[10:23] {Threei} Short Setup: MCP  .60 break hl
[10:23] {cipher} wtg dino
[10:23] {nemo} how's it feel to want?
[10:24] {dino} thx
01[10:24] {Threei}  nice trades guys
[10:24] {thomcbell} lvs 1:2
[10:24] {RonS} hig rolling, high earning son-in-law bought one tume bag...$450
[10:24] {nemo} going to .90 area lvs
[10:24] {RonS} tumi
01[10:25] {Threei}  nailed LVS to perfection tbell, as cipher - FCX
[10:25] {dolores} SLW tricked us
01[10:26] {Threei}  dirty scoundrel
[10:28] {RonS} wow uri 150 day low on top of cat report
[10:29] {RonS} cymi low vol pulp of the day
[10:29] {thomcbell} stop for me is 37.64 on rest so i am out 
[10:30] {dino} cymi downgrade to hold
[10:30] {nemo} so it's a buy
[10:31] {dino} lol
[10:33] {ese} L altr.17
[10:33] {ese} eck,,,,,,chased it a bit
[10:34] {nemo} short wlp .99
[10:35] {nemo} target .70ish, stop .10
[10:36] {dino} wow cymi pulp indeed
[10:42] {nemo} so...is 10:30 the new lunchtime
[10:46] {nemo} took half .78
[10:48] {nemo} stop above 55
01[10:48] {Threei} Long Setup:  TZA  20 break
[10:49] {ese} out altr .47 +.30
01[10:49] {Threei}  nice
01[10:50] {Threei}  stop .94
[10:50] {ese} i'll take....a K and a 1/2
[10:50] {ese} it
01[10:50] {Threei}  target .15- .20
01[10:51] {Threei}  two partials
01[10:51] {Threei}  one is here .08
[10:51] {ese} the mrkt is just bizzare to read
01[10:51] {Threei}  I got my first win... how adorable
01[10:52] {Threei}  just when you all gave up on me for the day {G}
01[10:52] {Threei}  stop's .99
01[10:53] {Threei}  (obviously)
[10:53] {nemo} 1/4 more .48
[10:53] {RonS} gj...+.12 here
[10:53] {nemo} not sure where the stop is now
[10:53] {scottie} :(platform went down for 3 minutes, could't get in
01[10:54] {Threei}  ugh
[10:55] {nemo} o.k. vad, where do I put the stop on wlp?
[10:55] {nemo} guess the high of this retrace?
01[10:55] {Threei}  .55
[10:55] {nemo} ahhhh, o.k.
01[10:56] {Threei}  out in full .17
[10:56] {nemo} now .40
01[10:56] {Threei}  just as planned
01[10:57] {Threei}  yes
[10:57] {dino} hmmm, fed may have lost their influence, mkts going red
01[10:57] {Threei}  although considering how far dopwn it went already, I personally would have started choking it
[10:57] {nemo} ok new stop is the bounce off the whole
01[10:58] {Threei}  .15 would be now for me nemo
01[10:58] {Threei}  dino... my line of thinking is: nothing matters but EU
[10:58] {nemo} what dd you think I am, a scalper?
01[10:58] {Threei}  EU is inching closer to falling apart, market goes down - earning be damned, Fed be damnded
[10:58] {nemo} wow, huge dark pool transaction at .50
[10:59] {nemo} ANARCHY!!!!
01[10:59] {Threei}  it all will come in play later
[10:59] {nemo} we'll be eating our young soon
01[10:59] {Threei}  EU collapse is not a white snow
01[10:59] {Threei}  's sneeze
01[10:59] {Threei}  it's an e,limiation of major world currency
01[11:00] {Threei}  the sheer mass of unknown is enough for anyone to just get out of the pool and wait
[11:00] {ese} hmmmmm   whats a dark pool transaction nemo?  And how can you tell.........haven't heard that term before
[11:01] {nemo} off market...my broker is tied into some of the dark pools so I see transactions not on open market
[11:02] {ese} hmmmmm interesting....are they positive or negative.......or i guess both
[11:02] {nemo} stop is now .06
[11:02] {dolores} LVS at lows again
01[11:03] {Threei}  hmmm... I guess you ARE scalper
[11:03] {dolores} breaking down
[11:03] {nemo} I'm fighting with the emotional desire to get a straight buck on it, and just keep playing it until it says to stop playing
01[11:04] {Threei}  choking it with tight trail is a good compromise
[11:04] {nemo} I like choking
01[11:04] {Threei}  there you go
[11:04] {Will49} TMI
01[11:04] {Threei}  double benefit
[11:04] {nemo} there's that surreal site of the eyes clouding over as the soul leaves the body
[11:04] {nemo} sight
01[11:04] {Threei}  OK, that's stolen
[11:05] {dino} chrw lod
[11:05] {nemo} huh?
01[11:05] {Threei}  Steven King, Firestarter
[11:05] {nemo} never read it
[11:05] {nemo} although he only lives about an hour and a half away
[11:06] {nemo} should have added back in when it was having such a problem at 54
[11:06] {nemo} stop is just above the whole
01[11:06] {Threei}  fantastic trade
06[11:07] * Threei slaps nemo around a bit with a large roll of cash
[11:07] {nemo} had to slap me around with the vaseline yesterday, got the pillow for today
[11:07] {Will49} nemo fun to watch
[11:07] {Will49} the trade, not you
01[11:07] {Threei}  and to slap
[11:07] {nemo} nice Will
[11:07] {nemo} not you of course
[11:07] {nemo}  the insult
[11:08] {Will49} :)
[11:08] {Will49} got me
01[11:08] {Threei}  nice both of you
01[11:08] {Threei}  well, not you... the exchange
[11:08] {nemo} I was lucky I looked at wlp when that huge volume spike hit at 10:32
[11:09] {RonS} btu sub 19
01[11:09] {Threei}  speaking of King... dino, guess what epic movie is in works
[11:09] {nemo} oh oh
[11:11] {dino} tell me
01[11:11] {Threei}  Dark Tower
[11:11] {Will49} yea nemo oh oh what?
[11:11] {dino} cool
[11:12] {nemo} wlp bounce, sorry
01[11:12] {Threei}  lol
[11:13] {nemo} just to be ahh,,,something, stop is .97 so I get my buck
[11:13] {nemo} stop is .75
[11:13] {nemo} that might be a tad tight
[11:13] {nemo} should probably be a tad over .80
[11:14] {nemo} see what I mean
[11:14] {nemo} out .81
[11:15] {nemo} fear and greed got the best of me
01[11:15] {Threei} Long Setup:  LVS  .50 break
[11:15] {thomcbell} could make a case for 37.47
01[11:16] {Threei}  yup
[11:16] {nemo} could make case for lvs short
[11:16] {thomcbell} yes on a channel break
[11:16] {thomcbell} ?
[11:16] {nemo} yep, fear and greed, dumb bastard
[11:17] {thomcbell} with earnings tonight - i am going to keep playing the long side
[11:17] {thomcbell} im in at 0.47 FYI
01[11:18] {Threei}  nice: History is merely a list of surprises. ... It can only prepare us to be surprised yet again.
[11:18] {thomcbell} stop is obvious Vad :)
01[11:18] {Threei}  :)
01[11:18] {Threei}  my favorite leftie...Kurt Vonnegut
01[11:19] {Threei}  46% Say Romney Should Release More Tax Returns, 46% Disagree
01[11:19] {Threei}  yes, this is what is of utter importance
[11:19] {RonS} mine...Sandy Kolfax
01[11:19] {Threei}  rofl
[11:20] {ese} L altr..11
[11:20] {RonS} wow gra
[11:26] {dolores} stop for LVS?
[11:27] {dino} cymi sm l .00
01[11:27] {Threei}  under .40
[11:27] {scottie} what's your target Vad
01[11:29] {Threei}  considering the swamp we are in, want it to work at all :)
01[11:29] {Threei}  but 1:3 seems realistic
[11:29] {nemo} .70 area
[11:29] {nemo} now you got tight stop
[11:32] {dino} stop cymi .82 -.18
[11:32] {nemo} I'd short nflx
[11:32] {nemo} they're dead
[11:33] {nemo} support at 0
[11:33] {nemo} should bounce at .70 though, if not...wow
[11:37] {dino} gra sm s .96
[11:38] {nemo} small tna long .00 break if spy continues
[11:38] {nemo} 1/4 .12
[11:39] {nemo} oh 1/2
[11:40] {nemo} stop is flat
[11:42] {nemo} out
[11:42] {nemo} tad premature
01[11:49] {Threei}  LVS turned 1 cent shy of 1:1
[11:49] {dino} gra stop -.17
01[11:49] {Threei}  let's trail stop to .44
[11:55] {ese} L altr avg .10
[11:56] {dino} chrw sm l .01
[11:59] {nemo} what a sad ending: http://fwd4.me/16X1
01[12:01] {Threei}  I am going to have to disagree
[12:01] {RonS} you are one sick pup...
[12:01] {RonS} :)
01[12:02] {Threei}  1:1
[12:03] {dino} qcor drop
[12:03] {RonS} twitter comment:  Man dies after being forced into marathon sex session with his six wives. Yes, "sex session" not "nag session."
01[12:03] {Threei}  45 min to move 10 cents
01[12:04] {Threei}  but whatever... repairing the day, one trade at a time
[12:05] {scottie} New stop .49 ?
[12:07] {nemo} why sick?
01[12:07] {Threei}  yes scottie
[12:12] {ese} I don't get it?
[12:15] {dino} qcor news/
[12:15] {dino} ?
[12:15] {nemo} associated with aapl
01[12:16] {Threei}  decent report yesterday
[12:16] {nemo} nevermind
[12:16] {nemo} duh
01[12:18] {Threei}  no more news that I see
01[12:19] {Threei}  F CFO: Will continue to deal with unions on efforts to restructure operations; must reach a 'leaner' structure
01[12:19] {Threei}  good luck
01[12:20] {Threei}  if GM taught unions anything, it's that if you kill the company, you get to own it after bailout
[12:21] {dino} qcor sm l .50
[12:21] {dino} wtf
[12:22] {nemo} you get it?
[12:22] {dino} yes
[12:22] {nemo} the low here is .61
[12:22] {nemo} wow
[12:23] {dino} got it and it dropped to .15 in blink, then popped to .80
[12:23] {nemo} my low for the day registers as .61
[12:23] {dino} out qcor .05, +.55
[12:23] {nemo} wonder if a dark pool hit you
01[12:23] {Threei}  he means 38.50 nemo
01[12:24] {Threei}  you see dark pools everywhere
[12:24] {dino} 38.50 yes
[12:24] {nemo} oh
[12:24] {dino} and i see dead people
01[12:24] {Threei}  and I - dead pixels
[12:24] {dino} lol
01[12:24] {Threei}  oh, and second Atlas Shrugged movie this fall
[12:25] {dino} i haven't seen the first yet. have to rent it
[12:29] {dino} out chrw .30, +.29
06[12:38] * Threei kicks LVS in the rear
06[12:40] * Threei kicks LVS in the rear with heavy duty steel toe army boots
[12:42] {dino} gra rinsed
[12:44] {thomcbell} amazing the volume in lvs in this tight range
06[12:50] * Threei pokes LVS in the ribcage with electrocharged sharp stick
01[12:55] {Threei}  like poking an ameoba
[12:59] {dolores} NFLX crushed today
[12:59] {nemo} support is at 0
[13:02] {nemo} UA worth a long here
01[13:11] {Threei}  1:2
01[13:11] {Threei}  1/4 more
01[13:11] {Threei}  can't believe how long it takes
[13:11] {scottie} out .70 +.19 ty Vad
01[13:11] {Threei}  :)
[13:12] {nemo} mmmhh ua triggered...should go to  54.60 or so
[13:13] {nemo} we're back over 134 on spy
[13:17] {nemo} ahhh, nflx looks shortable again
[13:25] {nemo} guess everything in melt up mode now
[13:29] {scottie} tna double top?
[13:30] {nemo} debateable
[13:30] {scottie} ok
[13:35] {nemo} see
[13:35] {scottie} I see, thanks
[13:36] {nemo} this time of day is treacherous especially dirung the summer
[13:36] {scottie} Why didn't you consider it as a double top, what was missing
[13:36] {nemo} well, I look at bigger time frames and a coupla other tools
01[13:37] {Threei}  choking last part LVS, stop to .74
[13:37] {nemo} 1) we touched the pivot, but spy was above the pivot and the weekly S1
[13:37] {nemo} so there was a lot of support under it
[13:37] {nemo} 2) we'd retraced so much of the day, I figure they want to test the highs
[13:37] {nemo} 3) I figured yesterday was the low for the week
[13:38] {nemo} I said that yesterday, but I forgot why
[13:38] {scottie} old age?
01[13:38] {Threei}  1:3
01[13:38] {Threei}  over and out
[13:38] {nemo} On top of that, a friend of mine lets me run his algo...and everything on the algo was green and there was no red
01[13:39] {Threei}  this trade took me in blkack, not much but still
[13:39] {nemo} add to that CAT was still strong, GS and IBM trading at the top of their ranges....strong like bull
01[13:39] {Threei}  old age by itself is not nemo's problem scottie... that he considers vodka a legitimate alzheimer drug is
[13:40] {nemo} mmmmhhhh
[13:40] {scottie} looks like I still have a lot to learn
[13:41] {nemo} spy just about touched it's highs, now we see if the russell wants to go for the 200 sma
[13:42] {nemo} now the spy push since 1 is weaker than the iwm push
[13:48] {nemo} wow cat
[13:49] {nemo} short cat .68
[13:49] {nemo} stop .81
[13:50] {nemo} mhhhhh
[13:50] {nemo} damn not offering down
[13:51] {nemo} 1/2 .55
01[13:51] {Threei}  be back in 20
[13:52] {nemo} well, the vwap trade working so far
[13:54] {nemo} this is shaping up as an add below .50 if this resistance holds
[13:55] {nemo} or a stop, as the case may be
[13:57] {RonS} lol...qcor beat...
[13:57] {nemo} I'm reshorting the other half here
[13:58] {nemo} everything out above .80
[13:59] {nemo} ow
[13:59] {nemo} that hrt
[13:59] {RonS} jcp spike
[14:04] {dptl} ga
[14:05] {Will49} which way?
[14:06] {nemo} wrong question to ask dp
[14:06] {dptl} it means good afternoon lol
[14:06] {Will49} serves me right for asking
[14:07] {nemo} mmmhhhh...thought you were reliving your oral fixation period
[14:07] {Will49} ?
[14:07] {RonS} lol nemo
[14:07] {RonS} last try chrw .10 L
[14:08] {nemo} ahhh, now I remember why I thought yesterday was the low...I didn't think they'd let the spy stay below the 50 SMA without a serious fight
[14:08] {nemo} damn, one entry early on cat
[14:12] {nemo} looks like we might go higher
01[14:13] {Threei}  back
[14:13] {nemo} if we don't drop .87 in iwm and .24 or so in spy, we go up
[14:15] {ese} am not.......i'm lurking
[14:16] {nemo} like qcor here
[14:16] {nemo} long
[14:16] {nemo} above .50
[14:17] {nemo} target 38.75
[14:18] {nemo} stop is now under .50
[14:18] {nemo} partialing above .00
[14:19] {nemo} partialed .09
[14:19] {nemo} Vad, where stop?
[14:19] {nemo} (There castle)
[14:19] {nemo} probably under .75
[14:20] {RonS} out chrw .55 +.45
[14:21] {nemo} think tna a
[14:21] {nemo} right
[14:21] {nemo} above .50
[14:21] {nemo} stop is .75 in qcor, should probably keep it .50, but might as well be consistently stupid
[14:22] {nemo} Cmon QCORECHEV, break down that wall
[14:22] {nemo} !!!
[14:23] {nemo} too much coffee
[14:23] {ese} lol
[14:23] {nemo} stop under 38
[14:25] {nemo} we break .50 spy 135 next target
[14:25] {nemo} Yo Rinny, QCOR is a friendly pup!
[14:25] {nemo} stop to .10
[14:25] {nemo} you recognize that ese?
[14:26] {nemo} yeah, baby, partial again .50
01[14:26] {Threei}  to .25 now
[14:26] {nemo} 1/4 more
[14:26] {nemo} to go
[14:26] {RonS} yo Stempy, you are sounding awfully Lesish...
01[14:26] {Threei}  beautiful trade
01[14:26] {Threei}  rofl!
[14:26] {RonS} nie job nemo
01[14:26] {Threei}  get out nemo
[14:26] {RonS} nice
[14:26] {nemo} out
01[14:26] {Threei}  wtg
[14:26] {nemo} wow, took my offer
[14:27] {ese} rin tin tin
01[14:27] {Threei}  let it be
[14:27] {nemo} Cheech and Chong
01[14:27] {Threei}  too sharp
[14:27] {ese} huh
[14:27] {nemo} Yo Rinny, she's a friendl pup
[14:27] {nemo} Fi Fi
[14:27] {ese} then don't recognize it
[14:27] {nemo} oh jeez
[14:28] {nemo} that was a fib trade
[14:28] {nemo} i looked at QCor and had drawn Fibs from the high on the 9th to the bottom on the 13th
[14:29] {nemo} it touched the extension of that too the penny
[14:29] {nemo} I happened to look at it just under .50 and you had that low test at 1:55 or so, I thought if it breaks that it'll go
[14:30] {nemo} then I drew a fib from today's high to today's low, and came up with 38.90 which coincided with thaqt swing high at 13:45
[14:30] {nemo} that was my firt target, although vwap is a fib retracement at 40.25, so likely goes there
01[14:30] {Threei}  insert between those lines: "then I drew from the bottle..."
[14:31] {RonS} don't look qcor
[14:31] {nemo} going to just under 40.25
01[14:31] {Threei}  he would have been taken out on pullback under .50 anyway, ron
01[14:31] {Threei}  that was good exit
[14:32] {nemo} the other thing I was thinking...scary I know
[14:32] {nemo} CAT had a good report like QCOR, it tanked and then recovered mightily, why wouldn't QCOR do the same
[14:32] {nemo} Oh what a tangled web we weave
[14:34] {RonS} jcp really putting it to the shorts
[14:34] {dolores} wow nemo qcor !!
[14:35] {nemo} any news, jcp
[14:35] {dolores} left 1.50 on NFLX so crying together
01[14:35] {Threei}  no
[14:36] {nemo} we got C&H on spy and IWM 15 minute
01[14:36] {Threei}  OK, I'll join your crying: how much did I leave on the table woth LVS?
01[14:36] {Threei}  35 cents so far, andf that's after taking 30
[14:37] {nemo} wanna go long tna here, but the stop
01[14:37] {Threei}  this is what helped QCOR:
01[14:37] {Threei}  QCOR Ticks higher on chatter that a cautious Access Securities analyst presentation that was said to be scheduled for tomorrow may have been cancelled
[14:38] {dolores} WLP anjy trade?
[14:38] {nemo} oh, and I thought it was perfectly technical bounce
01[14:38] {Threei}  it was
01[14:38] {Threei}  this accounts for last spike
01[14:38] {Threei}  after your exit
[14:38] {nemo} ahhhh
01[14:38] {Threei}  which was technically perfect as well
01[14:38] {Threei}  WLP... nah
01[14:39] {Threei}  formally, break of .50 is long
01[14:39] {Threei}  but it's about to lose .40
01[14:39] {Threei}  and it remains so weak while market rallies
[14:42] {nemo} l upro .21
[14:42] {nemo} stop under .05
[14:43] {nemo} sheesh
01[14:47] {Threei} Long Setup:  FAS  .50 break hl
01[14:47] {Threei}  If holds  .40 
01[14:48] {Threei}  .35 is better stop but I really don't want to give it much room
01[14:48] {Threei}  target 1:3
01[14:52] {Threei}  stop to .45
01[14:52] {Threei}  even if you haven't partialed, trail
01[14:54] {Threei}  out
[14:55] {scottie} Out .60 +10 thanks Vad
01[14:55] {Threei}  proven to be the best way to handle it
01[14:55] {Threei}  wash for me
[14:56] {nemo} look at qcor now, and I was tempted to short ut under those doji's
[14:57] {dolores} did not get filled 41.65
[14:57] {dolores}  and did not want to chase it Nemo
[14:57] {nemo} yeah, but those doji's were the indecision points
[15:00] {nemo} short cat .89
[15:00] {nemo} small stop above .00
01[15:00] {Threei}  (US) House of Reps votes to review Fed's policy decisions
[15:01] {nemo} of course, it stops trading
[15:02] {nemo} curb stomp this mofo sheesh
[15:03] {nemo} futures selling
[15:04] {nemo} tightening stop above that dojie 4 minutes ago
[15:04] {nemo} partial .77
[15:05] {nemo} stop above .90
[15:08] {nemo} shrot qcor below .00
[15:09] {nemo} stop is  .15
[15:10] {nemo} partialing at .85
[15:10] {nemo} I hope
[15:11] {nemo} o.k. I took  .79
[15:11] {nemo} stop is above the whole
[15:11] {nemo} die jedi scum!
[15:14] {Will49} does this thing have a ripchord?
[15:14] {nemo} stop is above .85
[15:15] {nemo} whao out qcor
[15:15] {nemo} flat
[15:15] {nemo} that likely means it goes lower, throw a brick through the offers, see if it sticks, if it doesn't, take it lower
[15:16] {nemo} look at the bid and offers now
[15:16] {nemo} holy doo doo
01[15:17] {Threei}  (US) Societe General analyst suggests the US economy is in recession (timing uncertain)- Believes data over the next few months will ultimately bear out that the US has re-entered recession
[15:17] {Will49} duh
[15:17] {nemo} partialed .63 1/4 left
[15:18] {nemo} stop above .70
[15:19] {dino} gotta hop. thx all for ideas
[15:19] {nemo} stop .60
01[15:19] {Threei}  take care dino
[15:20] {jackharry} covered at .52 on CAT, thanks nemo
[15:20] {nemo} you're welcome john harold
[15:20] {nemo} I'
[15:20] {nemo} I'm still in
[15:21] {nemo} only had a few transactions above .60
[15:23] {nemo} oout .48
[15:23] {nemo} not feeling good about those tails
[15:24] {nemo} tna thinking above .91
[15:24] {ese} rats.....hit my stop at .80 altr
[15:25] {jackharry} OOPS! North Korean womens football team are refusing to play after the South Korean flag was flown by mistake! lol!
[15:25] {jackharry} in olympics
01[15:25] {Threei}  lol
[15:26] {nemo} got greedy
[15:26] {jackharry} and there was me thinking it was only us here in Northern Ireland who got all upset over flags and such things
[15:27] {thomcbell} look at the 10 minute chart on lvs - comedy 
[15:28] {Will49} geometrically pretty
01[15:28] {Threei}  http://goo.gl/VltTz
01[15:28] {Threei}  lol
01[15:28] {Threei}  really
[15:30] {scottie} Think I.ll post it on my screen
01[15:31] {Threei}  LVS chart?
01[15:31] {Threei}  with comment "sic transit gloria mundi"?
[15:32] {scottie} your comments on good processes
01[15:32] {Threei}  oh... well, he merely repeats what I said many times before {G}
01[15:32] {Threei}  remember my breakdown of good trades vs bad?
[15:35] {RonS} ...the horror...Iran nuclear plants hit by virus playing music by AC/DC
[15:38] {RonS} ...they have been getting hacked more often than a freddie krueger victim
[15:38] {nemo} you have to appreciate the sense of humor
[15:39] {nemo} especially for their Revolutionary Guard
[15:40] {RonS} how would you like to be in their navy...going against the US Navy...sheesh
[15:40] {nemo} I'd be hoping what they told me about the 70 virgins is true
[15:41] {nemo} I was in S.F. once and saw one of those carriers steaming through the bay, water ski boats couldn't keep up with it
[15:41] {nemo} Remember when I worked for the Navy, the top end speed was classified, acknowledged was 45 knots
[15:41] {nemo} that's alot of newtons moving through the water
[15:42] {RonS} ya, was at the commisiong for the USS Stout and they said at the final sea trial they ran the ship at 60 mph equiv for 12 hrs forward, then 12 hrs reverse
[15:43] {RonS} DDG 55 aegis destroyer
[15:43] {RonS} named after my dad's cousin
[15:43] {nemo} his name was Aegis?
[15:44] {RonS} aegis harley burke class
[15:45] {nemo} I know, I was channeling Les
[15:45] {nemo} so, your great cousin was named after an ale?
[15:47] {RonS} those destoyers have two 400000 horse power GE turbine engines
[15:47] {dolores} ok guys see you tomorrow
[15:47] {dolores} thanks VAD
01[15:48] {Threei}  take care dolores
[15:48] {nemo} gnite dolores
01[15:51] {Threei}  OK guys, thank you all
01[15:51] {Threei}  have a great evening, see you tomorrow
[15:52] {dptl} gn 
[15:52] {scottie} Thanks Vad, good night all