Monday, November 5, 2012

Nov 05 2012

Very very inactive day with low volume and almost non-existing patterns. Gotta wait out this election/Greece stalemate.

Session Time: Mon Nov 05 00:00:00 2012
01[09:05] {Threei}  (GR) Dealer chatter circulating that the Greek Justice Minister Roupakiotis (Democratic Left member) will not sign off on austerity measures and that he may be forced to resign- Refusal to sign the measure would complicate the situation in Greece
01[09:05] {Threei}  German press report noted that ECB treated �18B in Spain bills too generously when used as collateral by banks, did not apply large enough haircuts and broke its own rules
01[09:07] {Threei}  [EBAY] Anonymous hackers claim they have gotten ahold of 28,000 PayPal passwords
[09:09] {scottie} good morning
06[09:09] * Les slaps Nemo with a bambi in rigor mortis
01[09:10] {Threei}  scottie :)
01[09:10] {Threei}  lol les
01[09:10] {Threei}  good one to start the day
[09:11] {nemo} nice one
[09:11] {nemo} my back is still out, so no bambiwhacking
01[09:12] {Threei}  I heard bambies petition nearest farmacy to keeo them from selling back pain medication
[09:12] {Les} hehehe
[09:13] {Les} still no account
[09:13] {Les} scottie been grabbing great setups
[09:13] {Les} so gonna reconfigur to get intelliscan up somewhere
[09:17] {Les} hadn't seen the damage done to AAPL Friday
[09:21] {Will49} Good Morning
01[09:21] {Threei}  will :)
[09:27] {ese} morning......reading the news and almost forgot to log on......
[09:27] {Will49} Hey ese
01[09:27] {Threei}  ese :)
[09:27] {ese} vad will
[09:27] {nemo} for some reason reminds me of the joke, "If I promise to miss you, will you promise to go away?"
[09:28] {ese} anything new in trading Les making a market in Alp Horns yet
[09:28] {ese} lol
01[09:28] {Threei}  nothing new ese, Greece is still in tatters
[09:29] {ese} reminds me of a country tune "How can I say goodbye If You Won't Leave"
[09:30] {nemo} now there is a genre that has morphed over the years
[09:31] {ese} definitely....more market share than rock and pop
[09:31] {cc_8} who made the joke up
[09:31] {nemo} but is more like rock these days than country
[09:32] {nemo} saw Steven Tyler doing Aerosmith tunes on the country channel the other day...sheeesh
01[09:32] {Threei} Short Setup: FCX  .20 break hl
[09:32] {ese} ya ...the country guitar players are using more distortion than the rock guys
01[09:32] {Threei}  If holds  .30
01[09:33] {Threei}  no go
[09:33] {nemo} was that a no-worky or an invalidated
01[09:35] {Threei} Short Setup: LVS  .70 break
01[09:35] {Threei}  If holds  .80
[09:38] {Les} CAT
01[09:38] {Threei}  target 1:2
01[09:39] {Threei}  SPY is jumpy
01[09:40] {Threei}  1:1
[09:41] {scottie} +.19 tks Vad
01[09:41] {Threei}  :)
01[09:41] {Threei}  that was very quick dive to 1:2
01[09:41] {Threei}  had to have order laid out to get a fill
01[09:41] {Threei}  but it's there again
[09:42] {Les} sbux?
[09:42] {Will49} Tks vad 1:2
01[09:43] {Threei}  yw
01[09:43] {Threei}  SBUX is double top, but no clear resistance to place stop
[09:43] {Les} ok nice death LVS
[09:44] {scottie} aig l .50 ?
01[09:44] {Threei}  yes
01[09:44] {Threei}  unless SPY drop destroys .40 as support
[09:45] {nemo} think aig tests 32, and then the 200 around 31.50ish
01[09:45] {Threei}  thought of 1:3 target to LVS, but market was too jerky, decided to stay on conservative side
[09:47] {scottie} invalidated aig
01[09:47] {Threei}  yup, invalidated
[09:47] {Beau} good morning
01[09:47] {Threei}  wow LVS
[09:47] {ese} B
01[09:47] {Threei}  can we have our position back?
01[09:47] {Threei}  beau :)
[09:47] {nemo} should bounce by .75
[09:49] {Les} sbux dbi here?
[09:49] {ese} L btu .175
[09:49] {Les} .06 is pivopt resistance
01[09:49] {Threei}  no, I'd leave it alone
[09:50] {Les} k
01[09:51] {Threei} Short Setup: SLW  .95 break
01[09:52] {Threei}  If holds  .05
01[09:53] {Threei}  1:1
[09:56] {ese} btu stop to break even
[09:57] {Les} wow RIG
[09:58] {ese} love these situations were your playing with free's someone coming up to you and say.."heres some spare change ..go buy yourself a Maseratti.." "it's on me"
[09:58] {nemo} .75 level BMRN
01[10:00] {Threei}  1:2
[10:00] {ese} opps
01[10:00] {Threei}  *(US) OCT ISM NON-MANUFACTURING COMPOSITE: 54.2 V 54.5E
[10:00] {Les} good call on sbux
01[10:01] {Threei}  that was rather easy
[10:01] {Les} consolidating u say
[10:01] {Les} ?
01[10:01] {Threei}  look at SPY at 9:42 and next 5 min
01[10:01] {Threei}  big sudden drop
01[10:01] {Threei}  look at SBUX
[10:02] {Les} ah ok
01[10:02] {Threei}  didn't even lose closest support
01[10:02] {Threei}  if it doesn't drop when market falls like this, what would possibly be the reason for it to drop?
[10:02] {ese} Les......i'm expecting to make big money on your advice about any company that markets Alp Horns.......just say the word and i'll buy the stock
[10:05] {Les} expecting the return of fascism ese?
[10:05] {Les} they really are a nationalist's instrument of choice
[10:05] {ese} perfect..........
[10:05] {Les} for parochial, narrow minded Switzerland for the Swiss type people.
[10:05] {Les} lol
[10:06] {nemo} clf
[10:09] {ese} take my .08 btu profit or not......hmmmmmmmm
[10:09] {Will49} there goes the Maseratti
[10:10] {nemo} guys, it's "Maserati"
[10:10] {ese} be a while before i can afford the Maseratti at this rate for sure
[10:10] {Will49} I'm not Italian
[10:10] {nemo} bunch of frickin' illiterates
[10:10] {ese} me neither
[10:10] {ese} but
[10:10] {Will49} frickrn has a g at end
[10:10] {ese} ah wait..........
[10:10] {nemo} actually, an apostrophe
[10:11] {ese} looks like that maserati is getting closer
[10:12] {ese} btu stop to .23
[10:13] {ese} hmmmmmmmm....don't think the $250 dn payment is gonna do it
[10:14] {Will49} maybe a 184 Maserati
[10:14] {Will49} 1984
[10:14] {ese} nemo can i borrow your Ferrari?
[10:14] {ese} wanna get a feel for this type of vehicle
[10:14] {nemo} sorry dude...Lamborghini man
01[10:15] {Threei}  nemo is extremely environmentally conscious ese... he drives Prius
[10:15] {Les} bwahahahaha
01[10:15] {Threei}  and carpools
[10:15] {nemo} Yeah, I drive it out to the end of the rifle range
[10:16] {nemo} CAM strong
[10:16] {nemo} mmmhhhh, spy looks long above .10
01[10:16] {Threei}  I have one election prediction to make
[10:16] {nemo} Perot won't win?
01[10:17] {Threei}  Wed morning 48% of the country will wake up extremely disappointed
[10:17] {Les} why 48?
[10:17] {ese} lol
01[10:17] {Threei}  tat's what polls say :)
[10:17] {Les} for both?
01[10:17] {Threei}  yup
[10:18] {Les} 4% swinging idiots
01[10:18] {Threei}  no
01[10:18] {Threei}  4% don't know the names of the contenders
[10:18] {Les} hehehe
[10:19] {Les}
01[10:20] {Threei}  and if you think I am joking, watch that street interview by Howard stren
[10:21] {cipher} tna l. 61
01[10:21] {Threei}
01[10:22] {Threei} Long Setup:  SLW  .05 break
01[10:22] {Threei}  If holds  39
[10:22] {ese} were takin dino territory
[10:23] {Will49} nice one on btu ese
01[10:23] {Threei}  wtg
[10:24] {cipher} lvs l .42
[10:26] {cipher} cat l .27
[10:26] {cipher} out 1/2 tna .91 +.30
[10:26] {ese} tks will
[10:29] {nemo} unh
[10:30] {nemo} like ctxs short below .80
[10:30] {Les} bullish divergence 3 min lvs
[10:31] {nemo} think it needs to test the whole but could go back to the 50sma at .75 first
[10:31] {nemo} Having said that mybuddy's algo has a persistent offer on LVS
[10:31] {ese} am outta here that down payment in.........i mean the stop loss on the maseriti at .25....see what happens end of day...have a good one cya tomorrow
[10:31] {nemo} as a matter of fact, it's the #1 weak stock
[10:32] {Will49} be good ese
[10:32] {Will49} he hung up on me
01[10:33] {Threei}  that's being good as he sees it
[10:33] {Will49} meh
[10:33] {Les} ciao ese
01[10:33] {Threei}  SLW... did you have to invalidate the trade by 2 cents?
[10:35] {cipher} out 1/4 more tna .01 +.40
[10:35] {cipher} out 1/2 lvs .62 +.20
[10:36] {nemo} might as well go for the vwap on lvs
[10:36] {cipher} out cat .37 +.10
[10:37] {cipher} what's vwap on lvs?
[10:38] {nemo} just below 45
[10:39] {cipher} thx nemo
[10:39] {nemo} this is right about where the 50 day is
[10:40] {cipher} out last piece tna .11 +.50
[10:41] {cipher} out rest lvs .90 +.48
[10:41] {Will49} nice trading cipher
[10:41] {cipher} ty
[10:41] {cipher} done for the day
[10:41] {cipher} cya tomorrow
[10:41] {Will49} I guess
[10:42] {Les} ciao c
01[10:46] {Threei}  take care cipher
[10:46] {nemo} could short lvs here with stop above the whole
[10:54] {nemo} grind up, yahoo
[10:56] {scottie} so s .75 if holds .80 ?
01[10:57] {Threei}  yes
01[10:57] {Threei}  lol
01[10:57] {Threei}  took me a few to understanfd that SO is stock symbol
[10:57] {scottie} lol
01[10:57] {Threei}  sounded like... soo... short .75? :)
01[10:57] {Threei}  let's capitalize them
01[10:57] {Threei} Short Setup: LVS  .85 break
01[10:57] {Threei}  aww, late
01[10:58] {Threei}  second chance
01[10:58] {Threei}  If holds  .95
[11:04] {scottie} SO too fast
01[11:04] {Threei}  so so fast
[11:04] {scottie} :)
01[11:04] {Threei}  1:1 LVS
[11:04] {nemo} 142 is the weekly pivot on spy, likely going there
01[11:08] {Threei} Long Setup:  GLD  .15 break
01[11:08] {Threei}  If holds  .05
01[11:12] {Threei}  SPY almost stopped trading
[11:13] {Les} nicely done on lvs
01[11:13] {Threei}  no go GLD
[11:14] {scottie} LVS +.18 tks
01[11:14] {Threei}  yw
[11:17] {Les} lvs 1:4 incredible
[11:20] {cc_8} Shares of Jack in the Box (NASDAQ: JACK) have enjoyed a fairly strong rally in 2012, trading up from near $21 at the start of the year to just over $26.30 on Friday.
[11:23] {nemo} why lvs incredible I said you could short against 45  and it will likely test 44, it broke it's 50 day
[11:24] {Les} that it's playing so nicely dude
[11:25] {Les} ah ok the daily makes sense
[11:26] {Les} from the daily it makes sense
[11:26] {scottie} STT .50 if holds .45 ?
01[11:27] {Threei}  I thiknk so
[11:28] {scottie} in .52
[11:34] {scottie} out -.09
[11:36] {scottie} Vad, should have I waited for the break of .53 on that one, or break of .50 was correct ?
01[11:39] {Threei}  nah, .50 was valid trade
01[11:39] {Threei}  just didn't work, that's all
[11:39] {scottie} tks
01[11:39] {Threei}  SPY reversed sharply
01[11:39] {Threei}  not every loss is a lesson to avoid
01[11:40] {Threei}  some are just tribute to gods of uncertainty
[11:43] {scottie} ANV s .50 if holds .60 ?
01[11:44] {Threei}  ptrobably two-sided
[11:44] {scottie} tks
[11:47] {scottie} in .48
01[11:51] {Threei}  grrr
[11:51] {scottie} out -.14
[12:01] {nemo} scottie having a bug day
[12:03] {Les} watching RIG and .23/.20 level
01[12:03] {Threei}  having a bug day once in a while is a requirement
[12:03] {Les} vwap is here .27
01[12:03] {Threei}  no good trader can live without those
[12:05] {Les} Vad, rig .20 b/d?
01[12:07] {Threei}  looks right to me
[12:07] {Les} higher time frames appear aligned
[12:09] {Les} paper trade only
[12:11] {Les} 1:1
01[12:14] {Threei}  nice one
[12:15] {Les} ty
[12:21] {Les} 1:3
[12:22] {Les} that's what I like
[12:22] {Les} that's logged for archives
[12:28] {Les} LVS is way way out of bb's in hourly and approaching 44
01[12:29] {Threei}  on 1 min there is nothing urgent
01[12:29] {Threei}  most likely breakdown and another leg down
[12:30] {Les} some capitulation vol. would be nice
01[12:32] {Threei}  here is my breakdown
01[12:32] {Threei}  (EU) Spain Fin Min De Guindos: Will request a bailout when the time is right, no country is pressuring Spain to get a bailout; Spain wanted to see a Spanish candidate for ECB seat, OMT bond buying program has reduced yields
01[12:32] {Threei}  lol
01[12:32] {Threei}  Will request a bailout when the time is right
[12:32] {Les} Monty Python at its finest
01[12:34] {Threei}  to quote Sunday Links e-mail,
01[12:34] {Threei}  ask me to rescue you finally before you drown!
01[12:35] {Threei}  Oh wait, rescuer is not much of a swimmer himself
[12:35] {Les} lol was about to question that 2nd part...
01[12:36] {Threei}  you don't get our sunday e-mail?
01[12:36] {Threei}  #Ohio: #Romney 49%, #Obama 49%
[12:37] {Les} ah no I didn't see you added text
[12:37] {Les} I just saw the email and popped by the website afterwards
01[12:38] {Threei}  well, sometimes we write clever things in it
[12:38] {Les} didn't see that you've added info in the email itself
01[12:38] {Threei}  more often we just think they are clever though
[12:38] {Les} profits on greek debt? Are they joking?
[12:40] {Les} good. the account's ready
[12:40] {Les} quitter nemo
[12:49] {scottie} CRUS s 32 ?
01[12:49] {Threei}  half lot
[12:51] {scottie} once again, too fast
[12:51] {Will49} whoa
[12:52] {Les} nice
01[12:52] {Threei}  that's why half lot... imagine being on a wrong side of such move
[12:52] {scottie} Can't see it drop, I got tears in my eyes
[12:52] {Will49} lol
[12:53] {Will49} sorry scottie, I meant boo hoo
[12:54] {scottie} lol
[12:54] {Will49} capitulation Vad?
01[12:54] {Threei}  yes
01[12:55] {Threei}  .65 break worth trying
01[12:56] {Threei}  :)
[12:57] {scottie} hesitation, missed it on the upside too :(
[12:57] {Les} might head back to 32 and higher
[13:04] {scottie} HUM l 75 ?
01[13:04] {Threei}  even smaller than hl
[13:07] {scottie} no
[13:12] {Les} wow lvs
[13:40] {scottie} THC l .60 ?
01[13:40] {Threei}  yes but I'd really prefer pul.lback entry
01[13:40] {Threei}  closer to .50
[13:40] {scottie} tks
[13:47] {scottie} in .62
[13:50] {scottie} thought you'd love that stock will
[13:51] {scottie} THC is what BC flags are made of
01[13:51] {Threei}  lol
[13:51] {Will49} sorry scottie, was watching a couple of paper trades
[13:51] {Will49} oh i get it now....little slow this morning
[13:53] {Will49} i hand nemo an opening and he's sleeping
[13:56] {scottie} half out
[13:57] {scottie} finally, one that's working
[14:04] {scottie} Stop .64
01[14:04] {Threei}  :)
[14:11] {nemo} that was malware
01[14:12] {Threei}  wow
01[14:12] {Threei}  virus?
[14:12] {nemo} nephew dowloads games, dowloaded the claro toolbar...pain in the ass
01[14:13] {Threei}  yikes
[14:13] {nemo} took care of it
01[14:13] {Threei}  just wait till he gets into whole porn thingy...
[14:14] {nemo} I'll get him his own computer
[14:15] {nemo} mon looks good here with .50 as support
[14:18] {scottie} out
[14:18] {nemo} like that volume spike on MON there we go
[14:18] {nemo} this is going at least to the number
[14:19] {nemo} think 88.30 is a good possiblity
[14:31] {nemo} mjn very interesting level
[14:32] {nemo} partialed .96, should go to .30 next
[14:32] {Will49} nice to watch that one nemo
[14:32] {Beau} nemo your MON was a good one
[14:33] {nemo} it's bee3n strong all day then you can see that resistance at .50 break, drop and rebid of the level, made for good support
[14:34] {nemo} stop .90ish
[14:40] {nemo} stop to the whole
[14:40] {nemo} hfc
[14:41] {nemo} this is another one
[14:44] {nemo} cmon mon
[14:44] {nemo} that's not me speaking with a jamaican accent
[14:47] {nemo} next partial .26
[14:52] {nemo} mmmhhhhhh....thinking stop under .10
[15:00] {nemo} frickin mon
[15:04] {thomcbell} wow that was quick
01[15:05] {Threei}  wow
01[15:05] {Threei}  tbell, welcome back
01[15:06] {Threei}  you OK?
[15:09] {thomcbell} just no power until yesterday - i live in northern nj and there were tons of trees and power lines down
[15:09] {thomcbell} all things considered me and my family are more than fine
[15:09] {thomcbell} thanks for asking
[15:09] {Will49} good to hear tbell
[15:09] {robbers} Glad to hear it.
01[15:09] {Threei}  thought that power was the problem, but didn't know how you were
01[15:10] {Threei}  good everything's OK
01[15:10] {Threei}  you and cipher were out for days but he got back online faster
01[15:12] {Threei}  who wrote this headline, I want to know:
01[15:12] {Threei}  Pot watchers in B.C. focus on legalization votes in Washington and other states
01[15:12] {Threei}  Read more:
01[15:12] {Threei}  pot watchers...
01[15:13] {Threei}  and look at that flag, lol
[15:14] {Will49} I'm watching :)
01[15:15] {Threei}  practically all countries in the world vote for obama
01[15:16] {Threei}  if he loses, you guys can easily auction him, export him to a winner and plug some budget holes
01[15:16] {Threei}  Canada, 78/12
[15:21] {robbers} I'm bailing out for the rest of the day, celebrating that I have electricity by turning on all the lights.  See you guys in the morning.
[15:21] {Will49} light up your life robbers
01[15:22] {Threei}  take care robbers
01[15:26] {Threei} Short Setup: RGR  44 break hl
[15:28] {scottie} That's it for me guys, see you all tomorrow
01[15:28] {Threei}  take care scottie
[15:28] {Will49} see ya scottie
[15:28] {scottie} Tks Vad
[15:28] {scottie} will
[15:32] {Will49} Have to run also. Off tomorrow-back Wed
01[15:33] {Threei}  will :)
01[15:41] {Threei}  another low volume day
01[15:50] {Threei}  ok guys, thank you all
01[15:50] {Threei}  have a good evening, see you tomorrow
[15:50] {Les} thanks vad. tomorrow