Wednesday, August 15, 2012

Aug 15 2012

Very nice day with surprising number of good trades for such low volume (38% below 3 month average on NYSE or so). Today's Catch of the Day is absolute beauty. Aggressive entry for C&H break, just as Handle started turning up. Classic trade described in details in 111 Trades (  Tight stop, nice reward.

Session Time: Wed Aug 15 00:00:00 2012

[09:11] {jackharry} good morning
[09:12] {Threei}  morning jack
[09:12] {nemo} I'm leaving
[09:12] {Threei}  not even tea?
[09:12] {jackharry} Something I said?
[09:12] {RonS} gm...on a jet plane?
[09:12] {Threei}  ron :)
[09:12] {nemo} Peter Paul and Ron
[09:17] {Will49} Hi Guys
[09:17] {Threei}  will :)
[09:17] {nemo} wow, what a tight range
[09:19] {scottie} gm
[09:20] {Threei}  scottie :)
[09:20] {Beau} good morning all
[09:20] {Threei}  beau :)
[09:22] {ese} gm
[09:22] {Threei}  ese :)
[09:22] {ese} mornin vad
[09:24] {jackharry} Interesting article from somebody on the inside about the corruption and total contempt for democracy in the EU
[09:25] {Threei}  will read it later, but from the opening phrase, rings oh so very true
[09:25] {jackharry} yes, bit long, but worth the read
[09:27] {nemo} Is that a Murdoch paper?
[09:28] {jackharry} No
[09:29] {nemo} kinda' funny...US isn't a democracy's a sham republic
[09:32] {nemo} DE falling off the map
[09:32] {Threei} Long Setup:  FCX  .40 break hl
[09:32] {Threei}  If holds  .30
[09:33] {dolores} hello GM
[09:33] {Threei}  dololres :)
[09:33] {Threei}  1:1 who got it
[09:34] {Will49} too fast
[09:34] {jackharry} nope, missed it
[09:34] {dolores} wow FCX could not get filled .36
[09:34] {scottie} mee too
[09:34] {dolores} should have chased it  a bit
[09:34] {Threei}  .36 was too low
[09:36] {dino} gm
[09:36] {Threei}  dino :)
[09:36] {dolores} yes
[09:36] {ese} L el .35
[09:37] {dolores} saw that it stopped the downturn
[09:38] {Threei} Long Setup:  LVS  .95 break hl
[09:38] {Threei}  If holds  .85
[09:38] {dolores} to fast
[09:38] {ese} out el .77 +.42
[09:38] {Threei}  1:1... who got it
[09:39] {Will49} no
[09:39] {Threei}  wtg ese
[09:39] {dptl} gm
[09:39] {Threei}  dp :)
[09:39] {scottie} lvs +.10 ty Vad
[09:39] {Threei}  :)
[09:39] {Will49} ese..what a way to start!
[09:39] {ese} tks
[09:39] {dino} gj
[09:41] {Threei} Short Setup: FCX  .50 break
[09:41] {Threei}  If holds  .60
[09:41] {Threei}  wow LVS... 1:3
[09:41] {dino} joy sm l .51
[09:42] {Threei}  FCX 1:1
[09:42] {scottie} missed fcx
[09:42] {dolores} missing everything today!!
[09:42] {dino} out joy .88, +.37
[09:42] {Will49} ditto
[09:43] {Threei} Short Setup: SLW  .70 break
[09:43] {Threei}  not to rub salt in wounds but early leavres missed also two easy and nicely profitable closing plays yesterday
[09:44] {Threei}  SLW stop .76
[09:44] {dino} panw sm l .84
[09:45] {scottie} nicely came back to pick me up
[09:46] {dino} out panw .40, +.56
[09:46] {Threei}  cover half here
[09:46] {Threei}  stop to .71
[09:49] {nemo} grind up market yahoo
[09:50] {scottie} out slw .64 +.05 ty Vad
[09:50] {Threei}  merely a scalp... wanted more from this
[09:51] {scottie} as you say "better than a poke in the eyr"
[09:51] {scottie} eye
[09:51] {Will49} ....with a sharp stick
[09:51] {Threei}  electrocharged
[09:53] {scottie} slw double top?
[09:53] {Threei}  yes but no clear entry yet
[09:54] {Threei}  ugh
[09:54] {Threei}  got away
[09:56] {dino} back in 20
[09:57] {nemo} l de .01
[09:57] {nemo} stop   .90ish
[10:00] {nemo} this starting to worry me break of .00 will be a flush
[10:00] {Threei}  *(US) AUG NAHB HOUSING MARKET INDEX: 37 V 35E (highest reading since Feb 2007)
[10:01] {dolores} DE conference call starting now at 10 eastern
[10:01] {dolores} will probably be volatile
[10:02] {RonS} thanks for that dolores
[10:02] {nemo} out
[10:02] {Threei} Long Setup:  FCX  .73
[10:03] {Threei}  If holds  .65
[10:03] {dolores} wow KORS WILD TODAY+
[10:03] {dolores}  nice moves
[10:03] {Threei}  this is my fault... I just bought their watch
[10:03] {nemo} fosl makes them
[10:04] {Threei}  Invalidated  FCX
[10:05] {thomcbell} long setup spxu 42.01 break if holding 41.90
[10:11] {thomcbell} i think its invalidated so i cancelled my buy stop on spxu
[10:11] {thomcbell} still watching
[10:11] {Threei}  watching FCX for short into bounce
[10:12] {Threei}  ideall, if it moves above .60, take short on recross
[10:12] {Threei}  maybe too optimistic
[10:12] {thomcbell} decent bounce there on DE
[10:17] {dolores} SLW red
[10:18] {Threei}  frikin FCX
[10:18] {Threei}  totally got away
[10:22] {Threei} Long Setup:  FCX  .30 break
[10:22] {Threei}  If holds  .25
[10:23] {nemo} l tna .60 break
[10:23] {Threei}  target about .55
[10:23] {nemo} spy has to hold .80 and tna .50
[10:24] {Threei}  first partial here FCX
[10:25] {nemo} partial .71
[10:25] {scottie} fcx .41 +.10 Vad you're on fire
[10:25] {nemo} offering .80
[10:26] {Threei}  and nemo is right there with gasoline
[10:26] {nemo} huh?
[10:26] {Threei}  look scottie's line :)
[10:26] {nemo} oh
[10:26] {Will49} pay attention nemo
[10:26] {nemo} now I'm hearing Springsteen
[10:27] {ese} L dks ..3599
[10:27] {Threei}  stop for remainder is .29 obviously
[10:27] {Threei}  sheesh, tbell totally destroyed this word for me, lol
[10:27] {nemo} remind me not to trade next August
[10:28] {thomcbell} market is bananas
[10:28] {nemo} ?
[10:28] {nemo} it's in a frickin' coma
[10:28] {Threei}  I dunno nemo... on one hand it's narrow and boring
[10:28] {Threei}  on another, as month goes we adjust and extract steady albeit not big profits
[10:28] {thomcbell} i couldnt imagine trying to trade real money in this tape - not even real money - 100k positions are hard enough
[10:29] {nemo} I understand
[10:29] {thomcbell} yes definitely Vad
[10:29] {nemo} letting last ride
[10:30] {Threei}  *(US) DOE CRUDE: -3.7M V -2ME; GASOLINE: -2.37M V -1.5ME;
[10:30] {nemo} and there it goes
[10:30] {Threei}  although hard to argue, if you think of vacation - august is the best time trading wise
[10:30] {Threei}  offer 1/4 more FCX above .45
[10:31] {nemo} yeah, the amount of work you do for what you make sucks
[10:31] {Threei}  my problem though is: summer is way too nice where I live, makes no sense to go anywhere
[10:31] {nemo} stop to .70ish tna
[10:31] {nemo} other than shut the computer down for a coupla' weeks
[10:32] {Threei}  actually, world goes to vacation here, why would I leave, lol
[10:32] {nemo} l de .02
[10:32] {nemo} I lied .03
[10:32] {nemo} stop under the whole
[10:32] {cipher} i think de may lose 74
[10:32] {Threei}  NYSE volume 100M shares, about 38% below its three-month average; . - NASDAQ volume 345M shares, about 6% below its three-month average;
[10:33] {nemo} you may be right, so I'm not sticking around
[10:33] {nemo} support at .86
[10:33] {thomcbell} DE looks that way
[10:35] {nemo} scratching
[10:35] {nemo} dodged a bullet on that one
[10:35] {Threei}  DE Update: Tier 1 Firm reiterates Buy rating, price target $104
[10:36] {Threei}  lol
[10:37] {ese} soon as i saw that post of yours vad without looking at the chart.....knew it was headed dn
[10:37] {cipher} DE l.79
[10:37] {Threei}  you know... "reiterate buy" = please please someone, take it off our hands
[10:37] {dino} spsc spike
[10:37] {cipher} out 1/2 .89
[10:37] {dino} and drop
[10:38] {ese} yup
[10:39] {cipher} out de .05
[10:39] {dino} gj
[10:39] {cipher} ty
[10:40] {Will49} my role model ...cipher
[10:40] {nemo} why'd you jump in at .79?
[10:40] {cipher} saw support
[10:40] {dino} elp sm l .29
[10:40] {cipher} gut feel
[10:40] {cipher} can't really explain it
[10:41] {Threei}  don't even try
[10:41] {dino} "edge"
[10:41] {Threei}  you just know in your gut this is an entry
[10:41] {nemo} The Force
[10:41] {nemo} take it from Darth Vadster
[10:41] {Threei}  almost as if you can see the next few minutes with absolute clarity
[10:41] {dino} or dead people
[10:41] {cipher} thx for the explanation Vad :)
[10:41] {Will49} shhesh...i've read about guys like you
[10:42] {Threei}  it just comes to you after you trade every frikin day for a few frikin years
[10:42] {dino} subconcsious recognizes stuff for you
[10:42] {dolores} NO NEWS YET?
[10:42] {Threei}  it doesn't work on every trade, you can't summon this feeling by your own volition
[10:43] {Threei}  no dolores
[10:43] {dino} agco sm l .30
[10:43] {Threei}  it just comes when it does
[10:43] {thomcbell} now the probers are out there testing
[10:44] {nemo} i'll take .33
[10:44] {Threei}  10:42] {dino} subconcsious recognizes stuff for you {-- eqzaktly
[10:44] {Threei}  that's the point of 111 Trades course
[10:44] {nemo} wish it helped me make better choices in women
[10:44] {dino} wrong brain
[10:44] {Threei}  to bring up that visuakl recognition
[10:44] {nemo} oh, saw a great quote
[10:45] {ese} whaaaaaats all this touchy feely's either goin up............... or it's goin dn......end of story
[10:45] {nemo} If merely 'feeling good' could decide, drunkenness would be the supremely valid human experience. ~ William James
[10:46] {Threei}  it's easy nemo... break in the room full of ladies and start shooting... one that ducked your bullets, sneaked up on you and hit you over the head with a brick is your wife
[10:46] {ese} rotflol...............thats ma boy!!!!!!!! egggzactilly
[10:46] {nemo} I'd have to sleep with one eye open
[10:46] {nemo} that now...never know when bunny will attack
[10:47] {nemo} offering agco .48 for partial
[10:49] {nemo} l csth .90
[10:49] {nemo} stop undder .80
[10:51] {nemo} offering .04 ctsh
[10:52] {nemo} next is .19 offer
[10:52] {nemo} stop .28ish agco
[10:54] {nemo} stop under .00ctsh
[10:56] {nemo} mako looks long
[10:56] {dino} break of hod
[10:56] {Threei}  pulp stock alert
[10:56] {nemo} nah here
[10:56] {Threei} Long Setup:  FOSL  .90 break hl
[10:57] {scottie} ?
[10:57] {Threei}  If holds  .80
[10:57] {nemo} good girl ctsh
[10:57] {Threei}  ?
[10:57] {nemo} stop is .10 ish
[10:57] {scottie} fosl never went below .90 on my chart
[10:58] {nemo} fosl
[10:58] {Threei}  .90 was an offer at the moment of alert
[10:58] {dolores} is long scottie
[10:58] {nemo} ctsh
[10:58] {nemo} sorry
[10:58] {Threei}  target is .20 - .30 who got it
[10:59] {Will49} :(
[10:59] {Threei}  still a buy if retreats to .90
[11:00] {nemo} stop under .40 for agco
[11:00] {Will49} ok
[11:01] {Threei}  same stop
[11:01] {dino} working well nemo, agco
[11:02] {nemo} yep
[11:03] {nemo} looked beautiful on 3 minute chart, this is vwap here and then the .70 level
[11:04] {dino} stop to .60
[11:05] {dino} to .65
[11:06] {nemo} ctsh to .15
[11:06] {dino} out .70, +.40 agco
[11:06] {Threei}  first partial about here
[11:07] {nemo} offering .84 on agco
[11:08] {dino} way to hold
[11:09] {nemo} fib retrace was just below the whole
[11:09] {nemo} if it breaks the whole .25 then .50 next levels
[11:10] {nemo} stop .19ish ctsh
[11:10] {nemo} ty agco dino
[11:11] {nemo} o.k. gotta' drag nephew to doctor out ctsh
[11:11] {nemo} cya later
[11:11] {dino} gj
[11:11] {cipher} cya
[11:11] {nemo} now if I can just get cipher's intuition
[11:11] {scottie} bye nemo
[11:19] {Threei}  public sure sees media as fair and balanced:
[11:19] {Threei}  51% Expect Most Reporters To Help Obama; 9% Predict Most Will Help Romney
[11:20] {cipher} agco l.67
[11:20] {Will49} media generally tends to lean left
[11:20] {dino} lol, ya think
[11:20] {dino} way left
[11:21] {Will49} yea...agree
[11:21] {jackharry} That is very much the case here too, must be the same everywhere
[11:21] {Will49} i was trying to be political with my statement
[11:23] {dino} rather be truthful
[11:23] {Will49} read once that reporters/journalists start their careers in areas like police beats and develop a dislike for authority
[11:24] {cipher} agco stopped .55 -.12
[11:24] {Threei} Long Setup:  CAT  .85 break hl
[11:24] {Threei}  If holds  .75
[11:25] {dino} elp stuck out .44, +.15
[11:28] {Threei}  target 87.15 or more
[11:30] {cipher} agco l.43
[11:32] {Threei}  in my mind, actual trade is 87 break, this aggressive entry for it
[11:33] {Threei}  1:1, first partial
[11:33] {Threei}  finally FOSL... feel free to exit in full
[11:34] {Threei}  about 25-30 cents, quite enough
[11:34] {dino} gj
[11:34] {Threei}  ty
[11:34] {scottie} cat +.10 thanks Vad
[11:35] {Threei}  yw
[11:35] {Threei}  ok CAT, let's take 87 and start fireworks
[11:35] {ese} out dks .59 +.23
[11:36] {Threei}  good boy CAT
[11:36] {Threei}  here kitty kitty
[11:37] {Threei}  1:2
[11:37] {cipher} out 1/2 agco .65 +.22
[11:38] {dino} gj
[11:38] {cipher} out 1/4 .70
[11:38] {Threei}  1:3 target hit, over and out
[11:38] {Threei}  30 cents
[11:38] {Threei}  I feel like dino and cipher
[11:38] {scottie} great job Vad
[11:39] {cipher} out cat in full .15 thx vad
[11:39] {Will49} Beautiful vad
[11:39] {Threei}  :)
[11:39] {jackharry} out CAT at .08 on trail, thanks
[11:40] {Threei}
[11:41] {dino} gj vad-ster
[11:41] {Threei}  I am not a specialist in ag... if what this article describes is true, this is the brightest illustration of ideology trumping common sense
[11:41] {Threei}  ty
[11:43] {Beau} +.27  thanks a bunch vad
[11:43] {Threei}  yw
[11:43] {Threei}  wait for a visual, quite an interesting setup
[11:43] {Threei}  right from 111 Trades pages
[11:49] {Threei}
[11:50] {Will49} frame that!
[11:50] {Threei}  helps visualize?
[11:51] {Will49} absolutely
[11:51] {Beau} yes on setup but how figure potential?
[11:51] {Beau} which was just about right on
[11:52] {Threei}  well, 87 break for C&H with handle low being about 15cents,
[11:52] {Threei}  this tyoe of breaks usuallu produces 1:2 - 1:3
[11:52] {Threei}  so by buying handle low aggressively we have 1:3 with good cushion
[11:53] {Threei}  that's why comment was "87.15 or more"
[11:53] {Threei}  and more it is, lol
[11:54] {Beau} understand.  many hours of trading. thanks
[11:54] {Threei}  this still being august I was a bit more conservative
[11:54] {Threei}  normally I'd call .40-.50 on this kind of trade
[11:54] {Threei}  and look, we are at .30 already
[11:54] {Threei}  I mean .35
[11:54] {Threei}  I mean .40
[11:55] {Threei}  grrr... lol
[11:55] {Will49} greedy, greedy :)
[11:55] {scottie} greast lesson today Vad
[11:55] {scottie} great
[11:55] {Will49} I'll second that
06[11:55] * Threei takes a bow
[11:55] {Will49} standing O
[11:56] {scottie} BOHICA
[11:56] {Will49} lol
[11:56] {Threei}  lol
[12:11] {dino} .
[12:12] {nemo} back market still trading, IWM looks short
[12:12] {nemo} bummer, missed ctsh by 2 minutes
[12:15] {Threei} Short Setup: JPM  .20 break
[12:15] {Threei}  If holds  .25
[12:15] {Threei}  just a smallish scalp most likely
[12:17] {Threei}  sheesh... jacj, this article you linked is really something
[12:18] {Threei}  not that I didn't know all this, but when it's condensed like this...
[12:18] {thomcbell} what is the article address?
[12:18] {jackharry}
[12:19] {Threei}  there was a standing title on soviet TV, "USSR in the eyes of guests from abroad"
[12:19] {Threei}  I feel like re-watching it, lol
[12:20] {jackharry} The scary thing is that that is almost certainly just the tip of the iceberg
[12:21] {Threei}  how come USSR model, proven to be disastrous, attracts new followers that attempt to build it again, I just can't wrap my mind around it
[12:21] {nemo} that's what we were saying back in the 80' you gonna' force these disparate cultures together
[12:21] {Threei}  drop every other school subject and teach the ^%#*&^ history only
[12:22] {Threei}  oh wait, those who teach in schools are socialists themselves
[12:22] {jackharry} for example, the EU's own auditors have not been prepared to sign off on the EU's accounts for 17, (yes SEVENTEEN) years running
[12:22] {Threei}  no... it's hopeless... let's trade, spend and enjoy what we can while it lasts
[12:22] {Threei}  with sardonic smirk on our sarcastic faces
[12:24] {nemo} here we go
[12:27] {nemo} iwm broke out...looks like spy buillding up under morn ing high
[12:28] {jackharry} Scarily it is now estimated that 60% of new laws and regulations for the UK (and I suppose it's the same for other countries) now come from the unelected burocrats of the EU Commission rather than our own parliament
[12:29] {Threei}  anyone believes this is going to end well?
[12:29] {nemo} did the Soviet Union?
[12:31] {Will49} the answer is blowin' in the wind
[12:31] {nemo} oh jeez...back to Peter Paul and Will
[12:31] {nemo} wtf
[12:32] {Will49} just like nobody knows where the stockmarket will go, nobody knows where society will go.
[12:32] {nemo} well, they have a general cycle
[12:32] {nemo} look to spy to break
[12:33] {Will49} I like vad's attitude though. just do your thing and enjoy the things you have instead of what you don't have
[12:33] {Will49} thats a paraphrase Vad
[12:34] {Threei}  pretty close
[12:35] {Will49} should say "instead of worrying about what you don't have"
[12:36] {nemo} spy break
[12:37] {Will49} and another thing....we should never underestimate the Americans. After living and working in the States half my life, I wouldn't bet against them
[12:37] {nemo} security is buying 174 thousand rounds of bullets
[12:37] {dino} appreciate that will
[12:37] {nemo} government is buying up all the production
[12:38] {Will49} are you kidding nemo?
[12:38] {Threei}  my view on that, Will: if there is a country in the world that still has a chance to "un-screw" things, it's USA. The odds of it doing that become slimmer and slimmer though, with this coming election being criticsal point
[12:38] {nemo} Homeland Security has ordered almost 1 billion rounds, NOAA has orderd severeal hundred thousand and now Social Security
[12:38] {nemo} No I'm not
[12:39] {Will49} Yankees have been there- done that
[12:39] {Threei}  re-elect wealth redistributor in chief and it's over
[12:39] {Will49} nah
[12:39] {Threei}  ok, I am telling:
[12:39] {Threei}  nemo... will is optimistic!!!
[12:40] {Will49} YES
[12:40] {Will49} remember the old adage. America will do the right thing...after they've tried everything else
[12:41] {Threei}  yes... but electing this guy first time, they exhausted "everything else'
[12:41] {Threei}  fine, they were enchanted with idea of underdog, first black prez etc
[12:41] {Will49} don;t be so "Russian" Vad :)
[12:41] {Threei}  he was like teflon-clad
[12:42] {Threei}  but now 4 years later they know what he is for and against
[12:42] {Threei}  and if they do reelect him, it signals major change in american mentality, from wealth-creation to wealth-redsistribution
[12:42] {Will49} exactly..that's why I'm betting Mitt gets in
[12:45] {nemo} here
[12:45] {Will49} just struck me that IF US morphs toward the kind of mixed economy we have in Canada it wouldn't be bad thing, eh?
[12:46] {nemo} thinking short
[12:46] {nemo} what do you mean by mixed economy?
[12:48] {Will49} fairly equal parts government and private sector with good regulation
[12:48] {nemo} problem is government doesn't answer to anything
[12:48] {nemo} de
[12:48] {nemo} they get their revenue from the taxpayer
[12:48] {Will49} that'sthe regulation part
[12:49] {nemo} no competition
[12:49] {nemo} yeah
[12:49] {Will49} unbridled competition gets you in trouble
[12:49] {nemo} too much of anything gets you into trouble
[12:49] {Will49} true dat
[12:50] {dino} les is better will
[12:50] {dino} less regulation, less govt
[12:50] {nemo} spoken like a true English subject
[12:50] {Threei}  les will be happy to get your endorsement dino
[12:50] {dino} just look at canadas health care mess
[12:51] {Will49} "mess" is in the mind of the beholder
[12:51] {dino} they come to usa for operations/treatments.
[12:51] {nemo} we face a similar one as more people get closer to Medicare.  Already, many doctors have stopped accepting Medicare patients
[12:51] {Will49} recognized as one of the best in the world
[12:51] {dino} so is ours
[12:51] {nemo} what is?
[12:51] {nemo} Canadian?
[12:51] {dino} soon to be destroyed by obamacare
[12:51] {nemo} for Primary Care yes
[12:52] {dino} no skin in the game will bankrupt it
[12:52] {nemo} not for timeliness of specialty care
[12:52] {dino} agree w/nemo
[12:52] {Will49} Canada's system gets better results at half the cost AND nobody waits for emergency care
[12:52] {dino} you are only reading what the liberals want you to see
[12:52] {nemo} nobody waits for emergency care here either
[12:53] {Threei}  will... prety much standard 8 hours in ER... many month and often years waitng time for surgeries taking days in USA
[12:53] {Will49} sure we have to wait a few months for elective stuff, but that's what Aleve is for
[12:53] {nemo} doctor, and my nephew's doctor are Canadian
[12:53] {nemo} you know why?
[12:53] {Threei}  debilitating pains stretched out for years
[12:53] {nemo} So isn't my nephew
[12:53] {nemo} doctor's partner?
[12:53] {nemo} No jobs
[12:53] {Will49} not me experience at all Vad
[12:53] {Will49} my
[12:53] {nemo} Canadian healthcare buys a certain amount of healthcare a year
[12:53] {dino} fact of the matter is, everybody is covered in usa right now. thru medicaid, if you cannot pay you are covered
[12:53] {nemo} It's rationed
[12:53] {Threei}  mine, and a lot of others...
[12:54] {nemo} elective cancer treatment
[12:54] {nemo} yeah
[12:54] {nemo} great
[12:55] {Threei}  friend with knee replacement, 18 months wait
[12:55] {Will49} I guess we could go on all day about this, eh?
[12:55] {Threei}  I've been to ER twice over 16 years, 8 hours each time
[12:55] {nemo} simple fact...primary care and emergency fine...same here...forget specialty's rationed and take a number
[12:55] {dino} right
[12:56] {dino} and rationing will start in usa soon, as too few doctors for the extra 40 million coming into the system
[12:56] {nemo} it has started here already
[12:56] {dino} soon we will go to mexico for specialty care, lol
[12:56] {nemo} People forget: there was no "healthcare system" before WWII
[12:56] {Threei} Short Setup: CAT  .40 break
[12:56] {Threei}  If holds  .50
[12:56] {nemo} it became the dream of the post-WWII generation
[12:57] {dino} the other thing they forget, imo, medical insurance is a choice, as in do i buy this new car or buy insurance
[12:57] {nemo} this low volume bounce on DE
[12:57] {dino} just another notch for the nanny state
[12:57] {nemo} what a stealthy rally
[12:58] {nemo} yeah, well, if you're a lousy driver, they jack up your rates
[12:58] {nemo} if you're obese, alcoholic, don't take care of yourself, they don't
[12:58] {nemo} that's fair
[12:58] {thomcbell} a bunch of transport names trade well today
[12:58] {nemo} DE has overhead resistance in .30 area
[12:59] {nemo} but it breaks that, goes to 76 imo
[13:00] {dino} \good point nemo. thats what i meant by the plan is destined to fail because "there is no skin in the game". everybody will run to docs just for a cold because its no "free"
[13:00] {dino} no=now
[13:00] {nemo} and nobody is going into Primary Care
[13:00] {nemo} they come out half-million in debt
[13:01] {nemo} have to pay 6 figure malpractice insurance
[13:01] {nemo} and then have to be account managers not doctors
[13:01] {Threei}  Solomon Short:
[13:01] {Threei}  If you're well enough to complain, don't.
[13:01] {Threei}  :)
[13:01] {jackharry} CAT trade double sided, long break of .50?
[13:02] {Threei}  I wouldn't
[13:02] {Will49} Don't complain: Half the people who hear you don't care; and the other half are glad"
[13:02] {nemo} yeah, reasonable John Harold
[13:02] {Threei}  formally, chart looks that way,
[13:02] {jackharry} ok, thanks
[13:02] {Threei}  but it just doesn't feel right
[13:02] {nemo} spy might be weakening
[13:06] {Threei}  1:1
[13:08] {Threei}  quite nicely profitable day, even with a few opening trades hard to execute
[13:09] {Threei}  I might start liking this august trading thingy
[13:11] {dino} so far not a bad month for me
[13:11] {Threei}  not at all
[13:12] {Threei}  slow but green
[13:16] {nemo} this looks more like a cat break now
[13:23] {thomcbell} Feels like there will be one 4 handle push at some point
[13:26] {nemo} FibDoctor is bored:  He asks what do you call 500 indians without nipples running around in a circle?
[13:27] {nemo}  The Indian Nippleless 500
[13:27] {scottie} lol
[13:27] {Will49} lol
[13:27] {nemo} when he gets bored starts doing weird shit
[13:28] {nemo} He's from North Carolina, sounds just like Andy Griffiths
[13:28] {nemo} well, by tna here if you think iwm going up this is trend
[13:29] {dolores} hello was out
[13:30] {dolores} you guys still in cat half?
[13:30] {Threei}  don't tell me you missed our CAT long...
[13:30] {Threei}  yes
[13:30] {nemo} so long .26 not sure where stop is
[13:30] {nemo} thinking cat long here
[13:30] {dolores} was a short?
[13:31] {dolores} break .40?
[13:31] {Threei}  wait, CAT ashort you mwan? no, it hit 1:1, then went over b/e
[13:31] {dolores} OK
[13:31] {dolores} so now you are in long what entry?
[13:31] {Threei}  but you missed our best play of the day on CAT ling from 86.85?
[13:31] {nemo} looking for R1 IWM for the tna trade
[13:32] {dolores} that ws this morning
[13:32] {nemo} yeah, spy looks long here
[13:32] {Threei}  11:24
[13:32] {nemo} Hah, one of my twitter follows:  "I see dead algos"
[13:32] {dolores} yes was in
[13:32] {dolores} out
[13:32] {dolores} soon
[13:33] {ese} OH MY GOD!!!!!!.....this market will drive one to drink................something move somewhere!!!!!!!!! for cryng out loud....sheesh
[13:33] {dolores} so now CAT short over?
[13:33] {nemo} take the sharp objects from around him
[13:33] {nemo} cat looks long to me
[13:34] {Threei}  short's over... long, I am not sure
[13:34] {Threei}  nemo likes it
[13:34] {Threei}  I am 50/50
[13:34] {nemo} ass on the fence
[13:34] {dolores} I think will follow the market if long
[13:34] {ese} am thinking about going long big dks here...........but who knows....only the shadow do
[13:34] {dolores} against the market dont think so
[13:34] {nemo} yeah, it's down on DE
[13:35] {nemo} cute ese
[13:35] {ese} tks.........thought you'd like that
[13:35] {nemo} Gawd we're bored
[13:36] {ese} oh ya
[13:36] {Will49} just like a bunch of long big dks
[13:36] {nemo} Think I'll take a pain pill and a coupla' glasses of wine
[13:36] {ese} who got me into this anyway
[13:36] {Threei}  lol
[13:36] {nemo} you did
[13:37] {nemo} frickin' musician...go play with your sticks
[13:37] {ese} oh vaaaaaaaad.....oh vaaaaaaaad..............come out from behind that rock
[13:38] {Threei}  why, do you have a bottle of Hennessy Paradis for me?
[13:38] {ese} lol
[13:38] {ese} maybe?
[13:39] {Threei} Long Setup:  FCX  .65 break
[13:39] {Threei}  If holds  .60
[13:40] {Threei}  aggressive entry for .70 break
[13:40] {ese} ahhhhhhhhhh haaaaaaaaaa! something
[13:40] {Threei}  well, thought of that bottle inspired me
[13:40] {nemo} my twitter feed is losing it
[13:41] {ese} thats because it's a twit feed ....not a twitter feed
[13:42] {ese} that breaks .65 i'm going after it with goosto!
[13:42] {Threei}  {Goosto} I dunno man... I wasn't gping to go anwhere with you
[13:43] {ese} schucks
[13:43] {nemo} mmmhhhhh....bunny is into something...I can hear her but I can't see here
[13:43] {nemo} scratching tna
[13:44] {nemo} sheesh, crude up a buck in a half hour
[13:45] {ese} L dks .55
[13:46] {ese} that is crude
[13:47] {nemo} glad I scratched
[13:48] {scottie} fcx valid?
[13:48] {dolores} FCX still on?
[13:48] {Threei}  yes
[13:49] {dolores} invalidated very short
[13:49] {Threei}  barely touched
[13:50] {ese} EW
[13:50] {ese} EEEEEEEEEEEE
[13:50] {ese} YyeeeeeeesssSSSSS
[13:51] {ese} i'm up .05 in dks
[13:51] {ese} ahem.............ok i'm in control now
[13:52] {Will49} wine and pain pills wearing off?
[13:52] {ese} they might be...............why?
[13:52] {Will49} want to know your secret
[13:53] {ese} it's's vads and nemos' methodology really............drink heavily whnever possible..........and from an ak47 shaped bottle
[13:54] {Will49} tks..thought so
[13:54] {ese} your welcome
[13:54] {Will49} I vaguely recall the AK47 bottle
[13:55] {ese} most awesome thing ever............there isn't anything like it on the planet.........vad i believe has the only one
[13:56] {Threei}  lol
[13:56] {ese} not to mention the glass matching grenade filled with stuff that you can light yourself on fire with
[13:56] {Threei}  vodka with chili pepper
[13:57] {ese} ya ....thats wht it was
[13:57] {Will49} :)
[13:58] {Threei}  come on FCX, take .65, then .70 and, umm... iksplode
[13:58] {dolores} FCX about to break
[13:58] {dolores} large bid at .62
[13:58] {Threei}  yes, that it... that's how you spell it
[13:58] {dolores} maybe fake
[13:58] {dolores} lwe
[13:58] {dolores} lets see if it holds the bid
[13:58] {Threei}  I want thrid 30-cents win today
[13:59] {dolores} first time holds against market pullback
[14:00] {dolores} bid was faking
[14:00] {Threei}  invalidated
[14:01] {ese} ik ?
[14:01] {ese} i like that
[14:02] {ese} very expressive
[14:05] {ese} now look at what i've gone and done.........i'm even dks =/-.00 sheesh this market is cruel
[14:06] {ese} +/-
[14:06] {Will49} serves you right...playing around with long big dks
[14:07] {ese} up .01.........ya just gotta love capitalism don't ya
[14:10] {dolores} TZA?
[14:10] {dolores} spy holding against dow
[14:11] {nemo} wait for pullback
[14:18] {RonS} classic:  "Money, if it does not bring you happiness, will at least help you be miserable in comfort" - RIP Helen Gurley Brown
[14:19] {dino}  onxx drop
[14:20] {Will49} The secret to money is having some
[14:21] {dino} money goe out the window, love walks out the door
[14:22] {Will49} in my case it was; love walks out the door, money follows
[14:22] {dolores} FCX keeps bouncing back
[14:35] {Will49} is anybody out there?
[14:35] {Threei}  hmmm
[14:35] {Will49} 1
[14:35] {dino} nope
[14:35] {Threei}  this is very existantial question
[14:36] {Will49} 2
[14:36] {scottie} not really
[14:36] {Will49} 3
[14:36] {Will49} I'm bored too
[14:37] {Will49} just sitting listening to Christian Tamboor and waiting
[14:37] {Will49} Tamburr
[14:38] {RonS} lemme guess...he plays a tambooreen...
[14:38] {Will49} Elinor Rigby
[14:38] {Will49} vibraphones/piano-jazz
[14:43] {dino} little linkin park here
[14:44] {Will49} by who?
[14:47] {dino} thats the group, alternative rock
[14:48] {Will49} ah....wasn't there a "Lincoln Park" song?
[14:48] {RonS} macarther park...
[14:48] {Will49} don't listen to rock hormone flow
[14:48] {RonS} lol
[14:48] {Will49} That's right Ron
[14:49] {Will49} MacArthur Park
[14:49] {Will49} something left out in the rain
[14:50] {Will49} no memory either
[14:50] {RonS} richard harris?  worst voice ever...except for the female high tone screamers...
[14:50] {Will49} yea....that's him
[14:52] {dino} this has to be one of the few places i feel young
[14:52] {RonS} lol
[14:53] {Will49} :D
[14:53] {dolores} FCX nice comeback
[14:53] {Will49} I still feel young in a couple of places
[14:56] {dino} dead afternoon for me, no trades since noon
[14:57] {nemo} I missed the spy bounce at yesterday's close which was simultaneous iwm bounce at vwap
[14:58] {Threei}  yeah, FCX still was worth it but I didn't see any new setup after invalidation
[14:59] {Will49} Does OPEX have anything to do with the funny day?
[14:59] {ese} whos he?
[14:59] {nemo} for some stocks sure...but August is an animal unto itself
[15:00] {Will49} tks
[15:06] {Threei} Long Setup:  TZA  .30 break
[15:06] {nemo} mmmhhhh....I smell a trap
[15:06] {Threei}  If holds  .25
[15:08] {dino} calling it a day. thx all
[15:08] {scottie} dino
[15:08] {Will49} TTFN dino
[15:08] {Threei}  take care dino
[15:13] {Threei}  not a big play but should be capable of about 15 cents
[15:18] {ese} dks bouncing around like a wildabeast.........
[15:18] {nemo} spy/iwm looking long
[15:19] {ese} yup ....thats my assessment
[15:20] {dolores} we need Merkel!
[15:20] {dolores} probably she is on holiday
[15:20] {Threei}  what we need from her is to say no to bond backing
[15:20] {Will49} She's visiting Canada
[15:21] {Will49} having lunch wit our PM as we speak
[15:21] {Threei}  then we will get fantastic market to trade
[15:21] {Will49} she's looking for help on health care
[15:23] {nemo} Warum brauchst du Merkel?
[15:23] {ese} out dks.77 +.22 good enough.........have a great rest of the day all cya tomorrow
[15:23] {scottie} bye ese
[15:24] {nemo} come back in September....
[15:24] {Will49} cya ese
[15:24] {nemo} 2013
[15:24] {Threei}  take cre ese
[15:24] {ese} huh.............
[15:24] {ese} who pee'd in your cornflakes this morning nemo
[15:24] {Will49} how's that for rejection?
[15:24] {ese} i'll get em for ya
[15:25] {ese} no kidding
[15:25] {ese} was a great lick though
[15:25] {nemo} what makes today any different
[15:25] {nemo} sheesh
[15:25] {Threei}  lol
[15:25] {nemo} I've been quiet
[15:25] {Threei}  will, look pm please
[15:25] {ese} cya
[15:25] {nemo} TFTW
[15:26] {nemo} why do computers ge to trade subpenny and we don't
[15:26] {dolores} in TZA
[15:27] {RonS} because computers trade via haywire?
[15:27] {nemo} o.k.  not bad
[15:30] {Beau} good day vad, thanks
[15:30] {Threei}  yw
[15:33] {nemo} wow spy only done 58 million shares
[15:33] {Threei}  NYSE volume 330M shares, about 36% below its three-month average;
[15:33] {Threei}  wow is right
[15:36] {nemo} deck looks short
[15:43] {nemo} spy bounced at pivot
[15:46] {nemo} the level of boredom is immeasurable
[15:46] {Will49} just imagine if you didn't have us to insult?
[15:46] {Threei}  even in bottles?
[15:46] {nemo} mmmhhhhh....good point
[15:47] {nemo} am making more trips to the recycling bin
[15:50] {Threei}  3 of the top 5 most liveable cities in the world are Canadian
06[15:50] * Threei slaps nemo around a bit with a large map of unliveable Boston
[15:50] {nemo} can you imagine how good they'd be without canadians
[15:50] {Threei}  lol
[15:51] {Threei}  this is actually a good one... hate to say
[15:51] {nemo} It's like Paris
[15:51] {Threei}  yeah, I got the gist :)
[15:51] {nemo} Hytraya
[15:51] {nemo} you watch the vids?
[15:51] {Threei}  not yet
[15:51] {Threei}  how long are they?
[15:52] {dolores} ok guya see you tomorrow
[15:52] {nemo} 10-15 minutes each
[15:52] {dolores} take care
[15:52] {Threei}  take care dolores
[15:52] {dolores} thxs VAD
[15:52] {Will49} how close to the end can you get before you need to close an open trade?
[15:53] {Threei}  couple min
[15:53] {Threei}  leave 1 min buffer just in case
[15:53] {Threei}  dp knows :)
[15:53] {Will49} tks
[15:54] {Threei}  he once stuck in a trade after hours... spread widened nastily, and we had to do a Level 2 dance in 1997 style to get him out
[15:54] {dptl} yep
[15:54] {Threei}  I actually had fun
[15:54] {Will49} so you lots of cushion dp, eh?
[15:54] {Threei}  but it was not me with position and no counterpart to trade with :)
[15:55] {Threei}  OK guys, thank you all
[15:55] {Will49} Cheers
[15:56] {scottie} gn, see you tomorrow
[15:56] {Threei}  have a great evening, see you tomorrow... and if not, you knowmy computer nelted in heat wave
[15:56] {dptl} see ya tomorrow
[15:56] {Threei}  melted
[15:56] {jackharry} good night all. thanks again
[15:56] {dptl} is it hot there Vad?
[15:56] {Threei}  27
[15:57] {Threei}  28 even
[15:57] {dptl} heh....i am not going outside....
[15:57] {nemo} iwm finishing on the highs