Session Time: Fri Aug 10 00:00:00 2012
[09:07] {scottie} gm
[09:07] {Threei} morning scottie
[09:20] {Will49} Happy Friday!
[09:20] {Threei} will :)
[09:21] {Threei} too bad nemo isn't here... that'd give him an hour-long stomach ache
[09:22] {Beau} good morning
[09:22] {Threei} beau :)
[09:22] {_napolm01} gm all
[09:22] {Threei} napolm :)
[09:22] {_napolm01} jcp is not playing around today!
[09:22] {ese} morning
[09:22] {Threei} ese :)
[09:22] {thomcbell} nor FIO
[09:23] {_napolm01} yep
[09:23] {_napolm01} hopefully today is a bit more exciting than yesterday....
[09:23] {_napolm01} v kicked my ass
[09:23] {thomcbell} both have high short interest
[09:23] {ese} can't get over it........almost everytime I log on to the site vad the taste of those shiskabob goes through my mind.......they will become world renoun
[09:24] {Will49} I second that emotion
[09:24] {Threei} we had 6 wins out of 6 calls yesterday napolm... more excitment is needed?? :)
[09:24] {Threei} lol ese
[09:25] {_napolm01} i missed the morning ones as i was on a phone meeting
[09:25] {_napolm01} was on line but not trading
[09:25] {_napolm01} did not make it to the afternoon i took my loss on v and that was it
[09:25] {Threei} i see
[09:26] {dolores} hello GM
[09:27] {Threei} dolores :)
[09:28] {Threei} JCP, nothing but bad news as far as I can see
[09:28] {Threei} +2
[09:29] {jackharry} good morning
[09:29] {ese} jack
[09:29] {Threei} jack... missed great day yesterday
[09:29] {Threei} Short Setup: FCX .70 break hl
[09:29] {jackharry} yes, saw that on the log, typical!
[09:29] {Threei} If holds .80
[09:30] {Threei} fast break...1:1 if anyone got lucky
[09:30] {Will49} not a chance
[09:30] {Threei} thought so
[09:30] {scottie} not here
[09:30] {dolores} too fast
[09:31] {_napolm01} nope
[09:31] {Threei} Short Setup: LVS .35 break
[09:31] {Threei} ugh, late
[09:31] {Threei} broke while I typed
[09:34] {nemo} is the market trading?
[09:34] {dptl} gm
[09:34] {Threei} Short Setup: AXP 56 break hl
[09:34] {dolores} LVS all over the place
[09:34] {Threei} dp :)
[09:34] {Beau} axp
[09:34] {Threei} If holds .10
[09:35] {Threei} two-sided actually
[09:35] {Threei} .10 break long
[09:36] {Threei} 1:1... not really obtainable entry
[09:36] {nemo} bounce time
[09:36] {nemo} l tna .41 small
[09:36] {Threei} anyone managed to get it?
[09:36] {nemo} stop under .30
[09:36] {scottie} no
[09:36] {dolores} no
[09:36] {nemo} partial .55
[09:37] {nemo} ,mst
[09:37] {nemo} mnst
[09:38] {nemo} l fio break of .80
[09:38] {nemo} small again
[09:38] {nemo} stop under .60
[09:38] {Threei} Short Setup: ED .50 break
[09:38] {nemo} offering .98
[09:39] {Threei} If holds .60
[09:39] {Threei} hl
[09:39] {nemo} partialed .98
[09:39] {nemo} natucket sleigh ride
[09:39] {nemo} stop is under the whole
[09:40] {nemo} offring .25
[09:40] {nemo} ride last stop to the whole
[09:40] {nemo} partial tna .80
[09:40] {nemo} stop under .65 ride last
[09:41] {Threei} Short Setup: GLD 157 break
[09:41] {Threei} hl
[09:41] {Threei} If holds .10
[09:41] {nemo} oh Gawd...hearing Neil Diamond in my head
[09:42] {Threei} ED target 1:2
[09:42] {nemo} out
[09:43] {nemo} whoa baby
[09:43] {nemo} o.k. trade. sprung a leak in the boat
[09:43] {nemo} SOB!
[09:43] {Threei} GLD 1:3
[09:43] {nemo} look at it
[09:46] {nemo} l fio .01
[09:46] {nemo} comon
[09:47] {nemo} getting algo'd at the whole
[09:47] {Threei} GLD 1:1
[09:47] {Threei} play by the book
[09:48] {Threei} unless you are scalping... in which case you need the guidance like fish needs umbrella
[09:49] {nemo} was out below .80
[09:49] {Threei} let's trail ED to .56
[09:50] {Threei} out
[09:50] {Threei} GLD 1:2
[09:51] {scottie} GLD out .79 +.20 ty
[09:51] {Threei} :)
[09:51] {_napolm01} thanks caught gld
[09:51] {_napolm01} thanks plus 15
[09:51] {Threei} cool
[09:52] {nemo} thinking bounce time
[09:52] {Threei} not yet...
[09:52] {Threei} one more leg down
[09:53] {cipher} tna l .42
[09:54] {cipher} cat l.20
[09:54] {cipher} aapl l.51
[09:55] {Threei} ok, market listened to nemo
[09:55] {Threei} closed last part GLD on a trail
[09:55] {nemo} yeah, but vwap is the roof so far
[10:00] {cipher} out 1/2 aapl .23 +.72
[10:01] {nemo} looking for index shorts here
[10:02] {nemo} having said that, very possible we get pinned to 142 on the spy today
[10:02] {Threei} 142?
[10:02] {nemo} sorry 140
[10:02] {Threei} :)
[10:03] {cipher} out rest aapl .54 +1.03
[10:04] {nemo} market feels heavy but dead
[10:04] {Threei} I dunno... trades are spread throughout the day more evenly lately
[10:05] {Threei} I am not falling asleep just yet
[10:05] {RonS} opposite of feeling light but alive?
[10:05] {Threei} well... thnat of course assumes I am awake now, which is doubtful
[10:05] {RonS} csod gone pulp
[10:06] {Threei} and if there are no trades we can always insult each other
[10:06] {nemo} that'll be a change of pace
[10:06] {Threei} Scott Rasmussen ?@RasmussenPoll
[10:06] {Threei} Daily Tracking: #Romney: 47%, #Obama: 43%
[10:06] {cipher} out cat .33 +.13
[10:06] {Threei} that's new... was 1-2 points diff all the time
[10:07] {Will49} only one poll counts
[10:07] {Will49} election day
[10:07] {Threei} I guess calling romney a murderer doesn't work as planned
[10:08] {cipher} cat l.19
[10:08] {Will49} I bet Supreme Court has to call it again
[10:09] {Threei} like a fiddle, cipher :)
[10:10] {cipher} out rest tna .72 +.30
[10:10] {nemo} huge buying in futures S&P
[10:10] {cipher} out 1/2 cat .34 +.15
[10:12] {Threei} so get this
[10:12] {Threei} this market spike occurred in response to:
[10:12] {Threei} (US) Philadelphia Fed lowers forecasts for GDP and unemployment; sees Q3 GDP at 1.6% (2.5% prior forecast); Q4 GDP at 2.2% (2.6% prior); raises inflation projections- Sees 2013 unemployment at 8%; higher than 8% going into 2013
[10:15] {Threei} how about that logic, eh?
[10:15] {Will49} White House not gonna be happy with those numbers
[10:16] {Will49} and numbers are likely fudged at that
[10:16] {nemo} our government would never lie to us
[10:16] {_napolm01} never
[10:16] {Will49} roflmao
[10:17] {nemo} small coh short .95
[10:17] {nemo} stop ablve the whole
[10:18] {nemo} bidding .85
[10:20] {RonS} impv short for anyone who can get...none for me
[10:20] {nemo} wow
[10:20] {cipher} aapl l .67
[10:22] {cipher} cat l .20
[10:24] {nemo} alright coh give me my 1:1
[10:24] {RonS} classic: OF course - as boring as the game itself - $MANU
[10:24] {nemo} wow...very sophisticated
[10:25] {Threei} Short Setup: FCX .20 break
[10:25] {Threei} If holds .25
[10:25] {cipher} out cat .29 +.09
[10:25] {nemo} ty coh
[10:27] {nemo} well aint there yet on impv, I've got .75 as a level
[10:29] {cipher} tna l.52
[10:29] {Threei} no go
[10:29] {cipher} out 1/2 tna .72 +.20
[10:30] {ese} L fcx .25
[10:31] {cipher} out 1/4 more tna .82 +.30
[10:32] {Threei} wtg
[10:32] {cipher} out 1/2 aapl .27 +.60
[10:33] {dino} gj
[10:36] {nemo} fio looks short
[10:36] {nemo} impv at that level
[10:36] {cipher} tna reload .70
[10:38] {nemo} spy gap close coming
[10:38] {cipher} where is the gap on spy?
[10:40] {ese} out fcx .34 +.09
[10:40] {ese} good enough
[10:40] {cipher} out 1/2 tna .90 +.20
[10:40] {nemo} .12 from here
[10:41] {cipher} gotcha thx
[10:41] {ese} L sina .96
[10:41] {ese} sm
[10:41] {cipher} sina l .99
[10:43] {cipher} out .09 +.10 thx ese
[10:44] {nemo} joy long above.60
[10:44] {RonS} ...the horror: US Treasury says it is imposing new sanctions on Hezbollah for providing support to the Syrian government
[10:44] {cipher} out rest aapl .94 +.27
[10:44] {nemo} short below .50
[10:45] {ese} good one C
[10:45] {cipher} out rest tna .91 +.21
[10:46] {dino} gj
[10:46] {cipher} ty sir
[10:46] {nemo} mmhhhh indexes might pull in here
[10:46] {cipher} out just in time
[10:46] {RonS} dino alive?
[10:46] {Threei} Groupon: $49 for a Four-Day In-Depth Online Stock-Trading Class (US$1,500 Value)
[10:46] {cipher} didn't see it coming this soon
[10:46] {Threei} yesssss!!!!
[10:46] {nemo} hungover...drank too much milk last night
[10:46] {Threei} see you in 5 days
[10:47] {RonS} lol
[10:47] {Threei} all armed with new knowledge
[10:47] {ese} lol
[10:48] {Threei} oh wait
[10:48] {dino} i'm here ron, just not seeing much
[10:48] {Threei} upon closer readingm it's a four-days long sales pitch for:
[10:48] {Threei} Experienced traders lead customers through an intensive 16-day boot camp, where they share the secrets of their cogent system for analyzing each opportunity they encounter.
[10:48] {Will49} if you buy now, you get eight extra days
[10:49] {Threei} ok, see you in 4+16 = 20 days
[10:49] {Threei} hope I get extra boots to take home
[10:49] {Will49} but wait...if you buy now we throw in the airfare
[10:50] {Threei} and the boot camp is free... there is just small administrative fee of $29,999
[10:52] {Threei} Long Setup: GDX .75 break
[10:52] {Threei} If holds .70
[10:53] {nemo} cvs seller .70
[10:54] {Threei} most likely just a scalp, feel free to take profit as you see fit
[10:55] {Threei} out .83
[10:55] {Threei} plus moral satisfaction of precision in nailing the pullback entry
[10:57] {scottie} =.05 ty Vad
[10:57] {scottie} +.05
[10:57] {Threei} better than poke in the eye
[10:57] {scottie} right
[10:57] {Threei} btw, I found new way to torture nemo
[10:58] {Threei} if anyone's interestedm, read the blue blurb of yesterday's trading log
[10:58] {Will49} do we have to take a course?
[10:58] {Threei} no
[10:58] {Threei} http://tradinglog.realitytrader.com/2012/08/aug-08-2012_9.html
[10:58] {Threei} tell me when done
[10:58] {scottie} I read it
[10:59] {Threei} so, here comes my free tip of the week:
[10:59] {Threei} nemo hates, passionately hates, till debilitating headache... DANGLING PREPOSITIONS!
[10:59] {scottie} lol
[10:59] {Threei} enjoy tormenting him with those
[11:00] {Threei} pardon me... enjoy tormenting him those with
[11:03] {nemo} wow next stop impv 32
[11:04] {nemo} something with which I will not up with put!!!
[11:04] {Threei} you mean, something you will not put up with... {GGGGG}
[11:04] {nemo} wtf!
[11:04] {Threei} whoa
[11:05] {nemo} no...I was quoting Churchill
[11:05] {Threei} the only news I see is this:
[11:05] {Threei} NY Fed: Sold $7.796B in outright coupon sale; dealers submitted $45.505B for consideration (bid to cover 5.84)- Heaviest sale was $1.319B in the 08/15/13 maturity
[11:06] {nemo} "This is the sort of English up with which I will not put."
[11:07] {Beau} shouldn't pick on nemo, he is very sensitive
[11:08] {nemo} yeah, I'm so frickin' sensitive...
[11:08] {Beau} see, he hides it well
[11:08] {nemo} http://washington.cbslocal.com/2012/08/10/study-oral-sex-cures-morning-sickness/
[11:09] {nemo} love how that spy move just nicks the 140 level
[11:12] {cipher} tza l.56
[11:12] {nemo} shorting a little mnst stop above .50
[11:13] {nemo} .40
[11:14] {nemo} partialed .30
[11:14] {nemo} I think everything is a scalp, I'll be surprised, as I said earlier if spy gets below the 140 level with any authority
[11:15] {nemo} not gonna mess with it, stop .45ish
[11:21] {dino} Zzzzzzzzzzzzzzzzzzzzzzzzzzzz
[11:21] {cipher} out tza flat
[11:22] {nemo} offering .15 monst
[11:22] {nemo} bidding
[11:22] {nemo} stop is above .30 now
[11:23] {nemo} spxu break of .70 small
[11:26] {nemo} invalimudated
[11:28] {nemo} reax running
[11:28] {nemo} rax
[11:33] {nemo} mmmmhhhh...going into lunch on a Friday, mnst at 56...could be algo slice and dice time around this level
[11:33] {nemo} stop .20ish
[11:34] {Threei} Short Setup: MNST 56 break
[11:34] {Threei} smallish shares
[11:34] {Threei} if stays under .15
[11:34] {Threei} target 1:2
[11:39] {ese} sina not doin what it should.........give it a little more time and maybe toast it
[11:40] {dino} cut it flat
[11:41] {nemo} lunchtime August Friday...computers off to the Hamptons
[11:42] {Threei} (FI) Finland PM Katainen: Reiterates will not voice support for use of the ESM towards secondary market bond purchases- Also reiterates that Finland will not support issuance of EMU bonds ***Note: On 2nd July the Finnish gov't stated both Finland and Netherlands planned to block ESM bond purchases in the secondary market
[11:43] {Threei} wouldn't that be ironic if Finland turns the one that torpedoes EU
[11:45] {nemo} I'm out last mnst .76
[11:45] {nemo} lunchtime....liquid
[11:45] {dino} markets are too happy w/so many euro issues, imo
[11:45] {scottie} six course meal
[11:46] {nemo} 750ml meal
[11:46] {scottie} ham sandwich and a six-pack
[11:46] {scottie} seven course meal sorry
[11:47] {nemo} sorry jcp...sheesh, must think I started the meal early
[11:47] {nemo} jcp
[11:47] {thomcbell} lvs short break here 39.50 Vad ?
[11:48] {Threei} looks right
[11:48] {Threei} SPY support is a question of course but chart is right
[11:48] {thomcbell} half lot for me
[11:50] {thomcbell} fcx is a beast
[11:51] {nemo} l flsr .36
[11:51] {nemo} stop .25ish
[11:52] {nemo} fwd4.me/17Rc
[11:52] {nemo} why I get a laugh out of this "fair share" taurine excrement
[11:55] {thomcbell} stopped on lvs 39.60
[11:55] {thomcbell} will continue to monitor lvs for short entries up ear the pivot and big number 39.92 to 40
[11:56] {Threei} wait... it never triggered
[11:56] {Threei} aggressive entry?
[12:03] {thomcbell} i entered at 39.50
[12:03] {nemo} jcp setting up long
[12:03] {thomcbell} not 39.49
[12:06] {nemo} offering .45 fslr
[12:09] {nemo} stop under .35
[12:09] {nemo} l jcp .86
[12:09] {nemo} stop under .80
[12:10] {nemo} offerin .96
[12:10] {nemo} oh well
[12:11] {nemo} scratching fslr
[12:20] {cipher} ibm l.55
[12:28] {cipher} out 1/2 .65
[12:28] {nemo} COH looks weak
[12:28] {nemo} but I would expect a proctology exam before it drops
[12:29] {Will49} BOHICA
[12:29] {dino} lol
[12:30] {nemo} I'd put it on my gravestone, but...
[12:30] {dptl} lol
[12:30] {nemo} I just want to be cremated and flushed
[12:30] {dino} works for me
[12:30] {cipher} out ibm in full .72 +.17
[12:30] {Will49} nice one cipher
[12:30] {cipher} thx
[12:30] {Will49} at noon hour
[12:32] {nemo} of course the Patriots lose a starting linebacker for the year early in the first quarter of the first exhibition game...sheesh
[12:33] {cipher} fslr s .36
[12:33] {nemo} too funny
[12:34] {nemo} hey Ron...look impv
[12:38] {RonS} ya see that
[12:39] {RonS} rasied their rev guidance by 1% $1mil...sheesh
[12:39] {cipher} cov fslr .26 +.10
[12:40] {nemo} whoa, they pulled the bids on impv on that one
[12:40] {nemo} could be gooing hihger if it recovers
[12:43] {nemo} mmhhhhh vxx near long term support
[12:43] {dino} impv sm s .00
[12:44] {nemo} that top is a fib retrace dino
[12:44] {dino} thx
[12:54] {cipher} impv +.19 thx dino
[12:56] {dino} gj
[12:56] {Threei} (DE) German govt said to be considering idea of a German referendum on the EU as a way to solidify political support for more centralized European govt ("more Europe") - German press
[12:57] {nemo} well, that would be irrelevant to the Supreme Court decision
[12:57] {nemo} I was thinking....I know scary
[12:58] {dolores} nice surprise if referendum goes wrong!!!
[12:58] {nemo} Anybody remember Malthus?
[12:59] {nemo} I think the economy may have reached it's Malthusian moment
[12:59] {Threei} yes
[12:59] {jackharry} It wont matter, they will simply keep having the referendum until they get the answer they want, thats what they usually do when the people have the temerity to give the wrong answer
[12:59] {Threei} dolores, I think it's win-win for them
[13:00] {Threei} they get yes, they can do whatever they want
[13:00] {Threei} they get no, they may get out of it if keeping it together proves impossible and lay the blame on voters, or they can do what jack said
[13:01] {jackharry} Denmark, France, Republic of Ireland, they have all given "wrong" answers in referendums in the past, they simply make a load of dire threats as to what will happen to scare the people and then hold the referendum again to get the "right" result
[13:01] {Threei} exavtly
[13:01] {jackharry} Democracy at its best
[13:02] {Threei} it's democracy as long as you vote as they want :)
[13:02] {Threei} democracy run by communists... why does it sound so familiar
[13:03] {Threei} oh wait... I already voted every few years in a system with one party and one candidate
[13:03] {Threei} and they would come to you door and knock on it if you haven't voted
[13:03] {nemo} Plu ca change, Plu c'est la meme chose
[13:03] {Threei} and you better say "oh, just coming out to vote"
[13:03] {jackharry} Well, at least you got a choice of at least one, nobody votes for the EU Commission
[13:04] {cc_8} that means, the more it changes, the more it stays the same
[13:04] {Threei} well, choice of one... :)
[13:04] {nemo} no we don't nobody votes for the BIlderberg group
[13:04] {Threei} with no choice of whether to vote at all
[13:04] {nemo} give 8 ball a gold star
[13:05] {Threei} then of course you can come out and say out loud "this is a farse, I am not going to go for it"
[13:05] {Threei} and disappear in Siberia forever
[13:05] {nemo} cutting trees for the glory of the proletariat
[13:05] {Threei} or mental institution
[13:05] {Will49} we have a greedocracy now
[13:05] {nemo} that was Zhukov
[13:05] {nemo} Zhukov's line
[13:06] {Threei} The article speculates that a referendum could also be used to enact a new German constitution that would be geared toward European integration, or it could be turned into a push for simultaneous referendums across Europe to approve expanded EU powers.
[13:07] {nemo} yep...coh was weak
[13:08] {nemo} next stop .25 area
[13:09] {cipher} tza l .60
[13:10] {nemo} imo...careful 140 area spy
[13:10] {cipher} you think it'll hold?
[13:10] {nemo} I would partial if we get there and then see what happens
[13:10] {nemo} imo
[13:10] {cipher} k
[13:10] {nemo} this market is not one to grant easy runs
[13:11] {Threei} European Union envoys express strong support for Sweden in diplomatic row with Belarus; no concrete action yet
[13:16] {cipher} spy s .25
[13:32] {ese} aye yeaye aye.....feel asleep
[13:34] {Threei} i hear ya
[13:35] {cipher} cov spy .35 -.10
[13:36] {cipher} tza -.07
[13:47] {nemo} spy looks like breakout
[14:13] {Threei} Long Setup: TNA .70 break
[14:13] {Threei} If holds 65
[14:21] {Threei} have you ever seen TNA taking this long to move 5 cents?
[14:22] {dino} cov impv .49 ave, +.51
[14:22] {dino} calling it day day, falling asleep here
[14:22] {Threei} wtg
[14:23] {dino} ty
[14:25] {scottie} target Vad?
[14:25] {Threei} I'd think .85 - .90 should be reachable
[14:28] {Threei} half out
[14:28] {Threei} stop to .69
[14:43] {nemo} SPY-I hate when charts start looking like that
[14:43] {Threei} we need to announce a contest for entries starting "I hate it when..." for the next week
[14:43] {Threei} "what grinds my gear" type of thing
[14:44] {nemo} I'm bored, think I'll short fio
[14:44] {nemo} rax
[14:44] {nemo} sorry
[14:46] {Threei} Behavioral Finance ?@victorricciardi
[14:46] {Threei} Half of Americans Die With Almost No Assets
[14:46] {Threei} hmmm
[14:46] {nemo} can't take it with ya'
[14:46] {Threei} that's a bad wealth management
[14:46] {nemo} shorting mnst small
[14:46] {Threei} right way is to die with none at all and a few mil in debt
[14:46] {nemo} bidd .90
[14:47] {nemo} cmon
[14:47] {nemo} yuep
[14:47] {nemo} stop to b/e
[14:48] {nemo} bidding .75
[14:48] {nemo} yep
[14:48] {nemo} whoa
[14:48] {nemo} forgot to short fio
[14:48] {nemo} stop to .70ish
[14:50] {nemo} ok, top of this candle
[14:50] {nemo} here goes spy
[14:50] {nemo} out mnst
[14:51] {nemo} mnst could go to 53
[14:52] {nemo} but that spy breakouot is happening now it looks like
[14:54] {nemo} mnst lows again, should have kept that .80ish stop
[14:56] {nemo} mnst....ahhhh...tissue please Vad
[14:56] {dolores} TNA not following?
[14:56] {Threei} ?
[14:57] {Threei} 14:28] {Threei} half out
[14:57] {Threei} [14:28] {Threei} stop to .69
[14:57] {dolores} YES
[14:59] {dolores} panic starting MNST
[14:59] {nemo} AHHHHHHHHHHH!!!!!!!!!!
[14:59] {nemo} now I'm bawling
[15:00] {nemo} OMFG!!!
[15:00] {nemo} melodramatic...aren't I?
[15:04] {dolores} any support MNST?
[15:05] {nemo} 53.20
[15:10] {nemo} below that is the gap in January
[15:10] {dolores} stopped at entry
[15:11] {dolores} now up
[15:11] {dolores} if it breaks lows
[15:11] {dolores} it will break 53 I think
[15:14] {nemo} let's see if they get the bid to thicken up and then throw a brick though it
[15:14] {nemo} why would anybody want this though, on a Friday afternoon in August after a 10q filing
[15:15] {Threei} Long Setup: FAS .40 break hl
[15:15] {nemo} spy gap close coming
[15:16] {Threei} If holds .25
[15:20] {Threei} (ES) S&P: Spain's rising bond spreads indicate growing investor concern
[15:20] {Threei} you think?
[15:20] {Threei} I want this guy's job...
[15:21] {nemo} I want to line up headline writers and shoot them in the hands
[15:21] {nemo} with a shotgun
[15:21] {Threei} Fri, Aug 10: sunrise this morning indicated to location of East
[15:21] {Threei} there... I added as much value as that guy
[15:22] {Threei} half out FAS
[15:22] {scottie} +.10 on FAS ty Vad
[15:22] {Threei} :)
[15:22] {Threei} stop to .39
[15:23] {nemo} if mnst gets above .80 should get short covering
[15:23] {nemo} as a matter of fact, I would expect it
[15:23] {Threei} NYSE volume 290M shares, about 26% below its three-month average
[15:23] {nemo} Yeah, read where this is a four year low in volume...duh
[15:24] {nemo} 2008, even 2007 was when the markets started to become unhinged
[15:24] {nemo} I remember March 2007 when the first cracks in the cmo's started to appear
[15:25] {nemo} mortgage provider stocks started selling off
[15:25] {nemo} nice they let .80 break on mnst and then slammed it back down
[15:26] {nemo} wow, visible book pretty thin on mnst
[15:28] {nemo} a tad risky, but iwm above .90 probably a long if spy holds
[15:28] {nemo} tna would be about .90 also
[15:32] {nemo} expecting good gap up on Monday
[15:32] {Threei} Maaaa... nemo's predicting again!
[15:32] {nemo} it's the strength into the weekend
[15:33] {thomcbell} not to beat a dead horse - but what an odd 3 days -
[15:33] {nemo} plus, if you consider this aconsolidation week in an upmove, it's the higher probability move
[15:33] {thomcbell} minute ranges
[15:33] {nemo} market hasn't sold off on bad news at all
[15:33] {thomcbell} indeed
[15:34] {nemo} ecb gives money to greece to give back to the ecb
[15:34] {thomcbell} in fact - buying dissappointment in the case of RL
[15:34] {nemo} the lunacy doesn't cause a tremor
[15:34] {nemo} we go up
[15:34] {nemo} yeah, most stocks with earnings sell offs were immediately bought
[15:35] {nemo} spy hit the low in first 15 minutes and hasn't looked back
[15:35] {thomcbell} did u buy mnst?
[15:36] {nemo} who, me, no
[15:36] {thomcbell} i kind of like it but no play
[15:37] {nemo} Friday afternoon in August after 3:30 is beyond my skill/comfort level
[15:39] {Threei} OK guys, I guess it's weekend time
[15:40] {Beau} good weekend all
[15:40] {Threei} we squeezed what we could out of this week
[15:40] {scottie} have a good weekend, see you all monday, thanks
[15:40] {Will49} have a good one everybody
[15:40] {Threei} have a great weekend, see you Monday
[15:40] {thomcbell} take care everyone.
[15:40] {dptl} good weekend all
