Friday, November 9, 2012

Nov 09 2012

Not exactly our day (when slow climb day was?) A few good trades, but a few more stops. 

Session Time: Fri Nov 09 00:00:00 2012

[08:59] {Les} morning all
01[08:59] {Threei}  hey Les
[09:09] {dino} gm
01[09:09] {Threei}  dino :)
[09:14] {cipher} gm
[09:14] {nemo} can you guys get tna chart
01[09:15] {Threei}  cipher :)
[09:15] {Les} yeh TNA fine on fusion
01[09:15] {Threei}  yes nemo
[09:18] {Beau} good morning all
01[09:18] {Threei}  beau :)
[09:21] {Will49} Good Morning
01[09:21] {Threei}  will :)
[09:22] {_traderxxx} good morning
01[09:23] {Threei}  morning traderxx, welcome
01[09:23] {Threei}  ugh, it's 3 x, sorry
[09:23] {_traderxxx} thanks Threei
[09:23] {_traderxxx} long story
01[09:24] {Threei}  that's ok, as long as you don't mind we shorten it somehow... txxx, for instance :)
01[09:24] {Threei}  we are lazy bunch
[09:24] {nemo} Freudian
[09:24] {_traderxxx} no pb
01[09:25] {Threei}  nemo forinatnce even uses "beer" instead of "bread" - only because it's 1 letter shorter
[09:26] {_traderxxx} works for me
[09:26] {Les} xxx easier
[09:26] {Les} but not sure its legal
01[09:26] {Threei}  see? :)
01[09:26] {Threei}  scottie is off today guys, we will have to look for good setups ourselves
[09:27] {Will49} oh no :)
01[09:27] {Threei}  and btw, those who leave early - we got nice AG short yesterday 12 min till close
01[09:28] {Threei}  ese is probably still soundfly asleep
01[09:28] {Threei}  as is tbell, cc_8 etc
[09:28] {Will49} i saved mor $ by getting wife out of USA than by shorting AIG
01[09:28] {Threei}  oops, here he is
[09:28] {ese} morning
01[09:28] {Threei}  ese )
01[09:28] {Threei}  lol will
01[09:29] {Threei}  OK guys, let's wait out first minutes
01[09:29] {Threei}  want to skip opening volatility and see real direction
01[09:29] {Threei}  my feel is, another down day but remember how it tried to fooll us yesterday at the open
[09:29] {ese} fine by me
[09:30] {nemo} spy right at volume support go long
01[09:31] {Threei}  if you need to spend some time reading an imbecile, go no further than this:
[09:32] {Les} lol gotta put that nobel prize to something useful...
[09:33] {nemo} anybody go long?
[09:33] {Les} just gapped under big band of fib support at 79 in IWM
01[09:33] {Threei} Short Setup: FCX  .20 break
01[09:33] {Threei}  hl
01[09:34] {Threei}  If holds  .30
[09:34] {cipher} tna +.32 thx nemo
[09:34] {nemo} np
01[09:34] {Threei}  gj
[09:34] {nemo} we opened at S1 on IWM and in one of the Volume Price bands I i.d.'d
[09:35] {nemo} in SPY
[09:35] {nemo} we probably see short covering this afternoon
01[09:35] {Threei}  .15 is actual support, .20 break is somewhat aggressive
01[09:36] {Threei}  no go
01[09:37] {Threei} Short Setup: LVS  .80 break
01[09:37] {Threei}  If holds  .90
[09:38] {ese} daaaaaaaaaaaaaaaaaaaaaa!!!!!!!!when will I ever learn........watching btu at open.......instead of staying focused........i look away for 30 flippin seconds....and what happens.....daaaaaaaaaaaaa
[09:38] {cipher} out second 1/2 tna +.56
01[09:38] {Threei}  30 seconds is eternity at the open
[09:38] {cipher} good call nemo
[09:38] {nemo} ty
[09:39] {nemo} the levels tend to work pretty well
[09:39] {dino} fb close to gap fill
[09:39] {nemo} SPY won't want to give up the 200 day that easily
[09:39] {dino} sprd hl l .15
01[09:39] {Threei}  LVS touched on 1:2, no secondary entry
01[09:40] {Threei}  1:1, sorry
[09:40] {dino} sprd stop is .98 fwiw
[09:41] {cipher} sprd l.11tna reload .79
[09:41] {ese} L tna .95
[09:42] {dino} kss hl l .35 stop lod
01[09:42] {Threei} Long Setup:  CAT  .65 break hl
01[09:42] {Threei}  If holds  .55
[09:42] {dino} met l .95 break
[09:43] {dino} sprd stop
[09:43] {ese} out tna .15 +.20
[09:43] {cipher} sprd -.13
[09:44] {cipher} out tna .18 +.39
01[09:44] {Threei}  1:1
[09:45] {dino} fire hl l ave .33 thinny
[09:45] {ese} thats beats my tna C
[09:45] {cipher} sprd l.76
[09:46] {dino} waiting for 18.30s
[09:47] {dino} clb clubbed
01[09:48] {Threei} Short Setup: SLW  .85 break
01[09:48] {Threei}  If holds  .95
01[09:48] {Threei}  target 1:3
[09:49] {cipher} sprd stopped .65 -.11
01[09:50] {Threei}  change to .90 break
[09:50] {dino} sprd hl l .25
[09:51] {nemo} 17.82 is the 200 sma
[09:51] {dino} ty
01[09:52] {Threei}  stop above 41
[09:54] {ese} L btu .03
[09:55] {dino} out kss .60, +.25
[09:55] {dino} out sprd .55, +.30
[09:56] {dino} bcor hl l .31
01[09:56] {Threei}  1:1
01[09:56] {Threei}  hurray!! Speeches are coming!
01[09:56] {Threei}  (US) House Speaker Boehner to hold press conference at 11:00ET***Note that President Obama will make a statement at 13:00ET, during which he is expected to call on Congress to take steps to deal with the deficit and fiscal cliff issues -
01[09:56] {Threei}  finally!
01[09:56] {Threei}  I missed them so much
[09:57] {Les} wow congress is finally waking up
01[09:57] {Threei}  kidding?
[09:57] {ese} michigan numbers not good enough to move the mrkt
[09:57] {Les} {sarcasm off}
01[09:57] {Threei}  ah
01[09:57] {Threei}  they'll draw their lines
01[09:57] {Threei}  and go back to bickering
01[09:57] {Threei}  Obama: but I have mandate, I won
01[09:58] {Threei}  Boehner: but we won too, and campaigned on our promise
01[09:58] {Threei}  stallmate continues, until compromise will be struck on last minute and on the ugliest terms possible
[09:59] {Les} curious to see if Armstrong's model for rise of 3rd party in 2016
[09:59] {Les} works out
01[09:59] {Threei}  so, if people vote themselves what they want, all this election cycle shows is that they want more of gridlock
[09:59] {dino} phm hl l .45
01[10:00] {Threei}  *(US) SEPT WHOLESALE INVENTORIES: 1.1% V 0.4%E
01[10:00] {Threei}  (US) Philiadelphia Fed Survey sees Q4 GDP +1.8% v prior 2.2%
[10:01] {ese} is that good or bad now............don't know anymore
01[10:01] {Threei}  bad
01[10:01] {Threei}  which for market means good
[10:01] {dino} alxn spike
[10:01] {ese} just saw that
[10:01] {ese} tks
01[10:02] {Threei}  except fiscal cliff scenario - that one both economy andf market see as bad
01[10:04] {Threei}  so, to sum the election, let me repeat:
01[10:04] {Threei}  Never underestimate the power of stupid people in large groups
[10:04] {nemo} DIS weak on this market climb
[10:04] {ese} can equate that with the drinking cliff scnario
[10:05] {Les} ese?
[10:05] {ese} ya
[10:05] {Les} waiting for your elaboration
01[10:05] {Threei}  1:2
01[10:05] {Threei}  playing by the book
[10:05] {Les} ty
[10:06] {Beau} first time i've been called stupid in a long time
01[10:06] {Threei}  but here is a piece of good news and something to look forward to: new Bond today
[10:06] {Will49} tks Vad LVS 1:2
01[10:06] {Threei}  consolation, Beau: it's a very large group and includes both sides of political divide:)
[10:06] {ese} spend that one extra dollar on another drink when you've already had 15..........and..........well figure it out
[10:07] {nemo} might want to watch DIS here if it rejects 47
[10:07] {Les} personal experience? :)
[10:07] {ese} ya vads
01[10:08] {Threei}  let me give you an example
01[10:08] {Threei}  question at exit poll:
[10:08] {ese} oh oh
01[10:08] {Threei}  - do you think tax rates should rise? - NO! Who did you vote for? - Obama!
01[10:09] {Threei}  tell me it's a sane voter
[10:09] {Les} but Obama wouldn't tax the people more would he?
[10:09] {dino} sllllaaaaappppppppppppp
01[10:09] {Threei}  on another side:
[10:09] {Les} hehehe
[10:09] {ese} lol
[10:10] {dino} all obummer is is tax and spend
[10:10] {Will49} true dat
01[10:10] {Threei}  - do you think women have to have right to abort pregnancy in case of rape? YES!. - Who did you vote for in your Senate race? - Akin!
01[10:10] {Threei}  is this one a sane voter?
01[10:10] {Threei}  dies SLW
[10:11] {dino} cnqr hl l .05 ave
01[10:11] {Threei}  1:3
01[10:11] {Threei}  over and out
[10:11] {robbers} me too, thanks
01[10:11] {Threei}  :)
[10:11] {Les} I want more
01[10:11] {Threei}  more for les
01[10:11] {Threei} Long Setup:  LVS  .20 break
01[10:12] {Threei}  If holds  .10
[10:12] {dino} out phm .69, +.24
[10:14] {dino} out met .22, +.26
[10:14] {ese} out btu .25 +.22
01[10:15] {Threei}  wtg
[10:15] {cc_8} Stocks Hitting 52-Week HighsPosted on: Friday, November 9, 2012 - 10:04amKayak Software (NASDAQ: KYAK) shares jumped 26.45% to create a new 52-week high of $39.25. (NASDAQ: PCLN) announced its plans to acquire Kayak in a $1.8 billion deal.
01[10:16] {Threei}  let's trail to .14
01[10:16] {Threei}  SPY is on shaky ground here
01[10:16] {Threei}  hard to tell, whether it's a pullback or reversal
01[10:16] {Threei}  want to tighten risk
01[10:17] {Threei}  out
[10:18] {dino} phm hl l .36
[10:20] {ese} remembrance day ceremonies today to do everyone.......have a great weekend eh.......cya next wekk
01[10:20] {Threei}  take care ese
[10:20] {Will49} be godd ese
[10:20] {Will49} be good
[10:21] {ese} you too vad......nemo special one to you.......being inlvolved with armed forces...take care
[10:23] {Les} stop to .60 slw
[10:23] {cipher} CLB +.96 thx dino
[10:24] {cipher} I'm outta here
01[10:24] {Threei}  nice
[10:24] {cipher} good weekend all
[10:24] {Les} lol ciao c
[10:24] {Will49} peace cipher
01[10:24] {Threei}  have a good weekend cipher
[10:24] {Les} vad can u create an algorithm that mimics Cipher so we can all retire?
01[10:25] {Threei}  no, I want you to suffer
[10:25] {nemo} my kinda' guy
[10:25] {Les} how do I sell that to my wife?
01[10:26] {Threei}  that's risque territory
01[10:26] {Threei}  not going there
[10:26] {Les} well she knows I suffer. I told her about Nemo
[10:27] {nemo} Hel Les, could you take down your Skype picture
[10:27] {nemo} Maybe put Medusa's there?
[10:27] {Les} if only you take down the bunny
[10:27] {nemo} bunny is cute
[10:27] {Les} that's just plain ridiculus
[10:27] {nemo} dictionary dude
[10:28] {nemo} looking for alxn bounce
[10:28] {Les} vad
[10:28] {Les} dictionary
01[10:28] {Threei} Short Setup: CAT  .30 break hl
01[10:28] {Threei}  If holds  .40
[10:31] {Les} damn girls and their telephones. Time to move the house phone elsewhere
[10:31] {Les} missed CAT
[10:34] {nemo} plantation theory ese, house for them house for you
[10:34] {nemo} or build a mancave
01[10:35] {Threei}  New High: 68% See Global Warming As Serious Problem
[10:35] {nemo} wprt looks interesting long here
[10:36] {nemo} 138.27 is 200 SMA on spy we could walk in that neighborhood today
01[10:36] {Threei}  16% Rate Economy as Good or Excellent
[10:37] {dino} out cnqr .33, +.28
[10:37] {nemo} was gonna say enr below 77
[10:38] {nemo} rax wtf
01[10:38] {Threei}  (US) Treasury Sec Geithner considering leaving the post as soon as January - CNBC citing sources
01[10:38] {Threei}  can't happen soon enough
01[10:38] {Threei}  sleezeball
[10:43] {Les} all out SLW. Pivot at .40 was the bottom
[10:43] {Les} .62
01[10:44] {Threei}  ugh... was thinking of .50 break CAT, but it didn't give any consolidation
[10:48] {Les} GDX 51
[10:48] {Les} miners are going lower
01[10:50] {Threei} Short Setup: SLW  .40 break
01[10:50] {Threei}  If holds  .50
01[10:54] {Threei}  btw
01[10:55] {Threei}  refresher to 111 Trades course is coming; 50+ new examples that will be added to it over the course of the next week
01[10:55] {Threei}  I'll let you guys know when to check it out
01[10:57] {Threei}  Invalidated  SLW
01[10:57] {Threei}  too bad, that was pretty inverted C&H in the making
[11:00] {dino} out phm .62, +.26
[11:04] {nemo} DIS
[11:04] {nemo} .50 break stop .40
[11:04] {nemo} spy and iwm touched daily pivots
[11:08] {Les} wow what's with dis?
01[11:08] {Threei}  slow grind up day so far... my least favorite
01[11:09] {Threei}  DIS reported yesterday
[11:11] {Les} it is a 15 min bubble buster
[11:11] {Les} nice long off of 200 M
[11:11] {Les} MA
[11:12] {Les} sorry 3 min bubble buster
01[11:15] {Threei} Long Setup:  TNA  53 break hl
01[11:16] {Threei}  If holds  .85
01[11:18] {Threei}  wasn't Boehner supposed to sell us something at 11?
01[11:21] {Threei}  no go
01[11:21] {Threei}  here he is
01[11:29] {Threei} Short Setup: FCX  .58
01[11:30] {Threei}  If holds  70
01[11:32] {Threei}  after listening to him for 10+ min, I've no idea why he wanted to appear
[11:32] {Les} that crap will infect yer brain
01[11:32] {Threei}  no go FCX
01[11:32] {Threei}  hate these slow climb days
[11:37] {Les} TNA  trying again
[11:38] {Les} .07
[11:38] {Les} out .19
01[11:38] {Threei}  and that's why I hate them... shorts don't work, longs get rinsed
01[11:39] {Threei}  sure, you may get it right with multiple attempts, but I hate this way to trade
[11:39] {Les} you were buying pivot resistance on 1st attempt
01[11:40] {Threei}  don't tell me that doesn't work
[11:40] {Les} I followed ya same time I saw 3 min MACD rolling over. my bad
01[11:40] {Threei}  I do it for 15 years
[11:40] {Les} me 15 hours
01[11:41] {Threei}  there are particular days when this works with less pecrentage
[11:41] {Les} agreed. following you to the letter minus 1 or 2 setups worked well for me
01[11:41] {Threei}  but the day you find a system that works always, do let me know ehere I sign up
[11:41] {Les} not gonna change that stratgy
01[11:44] {Threei} Long Setup:  SLW  .70 break
01[11:44] {Threei}  If holds  .65
[11:52] {nemo} alxn
01[11:52] {Threei}  meh
01[11:52] {Threei}  pullback entry doesn't work either
[11:55] {Les} jpm selling off
01[11:56] {Threei} Short Setup: C  .35 break
01[11:56] {Threei}  If holds  .45
01[12:00] {Threei}  Invalidated
[12:04] {cc_8} Stocks Hitting 52-Week LowsPosted on: Friday, November 9, 2012 - 10:14am SWS Group (NYSE: SWS) shares lost 4.39% to create a new 52-week low of $4.57. SWS Group posted a FQ1 net loss of $5.6 million. .
01[12:05] {Threei} Short Setup: C  .40 break
01[12:05] {Threei}  If holds  .50
01[12:05] {Threei}  little H&S, engulfing red candle, volume blowout
01[12:06] {Threei}  what else do you need to work, friking setup?
01[12:07] {Threei}  if this doesn't work, I asm going to a monastery
[12:07] {dino} bye  :)
01[12:08] {Threei}  hey, it's not resolved yet
[12:08] {Les} hehehe
01[12:08] {Threei}  I underatand your desire to visit me over there, considering it's going to be all-female monastery
01[12:08] {Threei}  but don't even think of dropping by without 12-pack
[12:08] {_traderxxx} pray for us
[12:08] {Will49} lol
01[12:09] {Threei}  die C
[12:12] {dino} fwlt l .00
[12:14] {dino} 12 pack? what will you drink?
01[12:14] {Threei}  Innis&Gunn is the best
01[12:14] {Threei}  but I'll take Sleeman Honey Brown too
01[12:22] {Threei}  (EU) Parliament discussions on 2013 EU budget have reportedly failed
06[12:30] * Threei starts packing sutcase, phones the monastery to make sure the cave has Internet connection
[12:31] {Will49} haha
[12:31] {Les} No internet required when you're praying 10 hrs a day
[12:31] {Will49} and extra rooms...can't pay my rent after today :)
01[12:31] {Threei}  but I have a bet going with dino and beau about debt level in 2016
[12:31] {Les} you will be morally liable for destitution of a trading team
01[12:32] {Threei}  I need to track that path to 20T
[12:32] {Les} we'll pigeon courier you
[12:32] {Les} in 2016
01[12:33] {Threei}  and will... don't try to pin on me your wife's spending spree over last few days {G}
[12:33] {Will49} :)
01[12:35] {Threei}  ok
01[12:35] {Threei}  that does it
[12:35] {Will49} brutal
01[12:35] {Threei}  4 years of omphalosskepsis
[12:35] {Les} bull trap
[12:37] {nemo} rather sesquipedalian of you Vad
[12:37] {dino} out fwlt .35, +.35
01[12:38] {Threei}  coming from you, it's precious, nemo
[12:38] {Les} back for closing hour. dinner time here
[12:38] {nemo} awwwwwwwwwww, shucks
[12:38] {nemo} Vad, shut down his mirc while he's gone
01[12:38] {Threei}  guy who uses proboscis for nose?? :)
01[12:39] {Threei}  lol
01[12:39] {Threei}  C, don't tell me that was a rinse
[12:40] {dino} taking a break
01[12:41] {Threei}  going to the store to look for that beer dino?
[12:48] {Will49} I'm going into the kitchen to get a glass of hemlock and water
01[12:48] {Threei}  a bit oversensitive, aren't we
[12:49] {Will49} yea...just trying to be one of the boys :)
01[12:49] {Threei}  then pour a portion for me!
[12:49] {Will49} hehe
01[12:51] {Threei} Short Setup: NSC  .57
01[12:52] {Threei}  If holds  .65
01[12:56] {Threei}  target around .40
01[12:58] {Threei}  Obama is inviting leaders of Congress to the White House next week for fiscal cliff talks
01[12:58] {Threei}  beer summit?
[12:58] {nemo} gonna' line them up
[13:00] {nemo} shoot them
01[13:07] {Threei}  let's hear the speech
01[13:10] {Threei}  "we can't cut our way to prosperity"
01[13:11] {Threei}  I've nebver heard of any way to tax the way to prosperity or borrow to prosperity either
01[13:11] {Threei}  NSC, half out
01[13:11] {Threei}  Will, put away that hemlock for now
[13:11] {Will49} good thing I waited
[13:12] {Will49} can't partial out if you're dead
01[13:12] {Threei}  but after reviewing some photos of monastery waitresses, that plan is still on
01[13:12] {Threei}  frikin C... that WAS a rinse!
01[13:12] {Threei}  sacre blu
[13:13] {nemo} who's speaking
[13:13] {nemo} ?
01[13:13] {Threei}  guess
[13:14] {nemo} Obama?
01[13:14] {Threei}  yup
01[13:14] {Threei}  (US) President Obama confirms invitation of Congressional leaders to White House to address fiscal cliff; wants to bring business and civic leaders to Washington to get their ideas
01[13:14] {Threei}  - Would like to see a plan that reduces the deficit in a 'balanced' way; would like to see focus on infrastructure
01[13:14] {Threei}  - Must combine spending cuts with increased revenue (including asking wealthy Americans to pay more in taxes, mentions the $250K threshold); must bring down costs of medicare
01[13:14] {Threei}  - Would like to bring down deficit by $4T over the next decade; not 'wedded' to every detail of plan, but will not accept any plan that is not balanced }
01[13:14] {Threei}  - On election day, the majority Americans agreed with approach
01[13:14] {Threei}  - Encouraged by the House Speaker comments that he is open to revenues
01[13:15] {Threei}  two hot air speeches from each side
01[13:16] {Threei}  zero substance
[13:16] {nemo} 4T? it's 1.4T a year, how the hell does he expect to do that?  That means he has to run surpluses
[13:16] {nemo} NFW!!!
01[13:16] {Threei}  hehe
[13:16] {nemo} UFB
01[13:17] {Threei}  this is after borrowing 1.1 - 1.3T each year of the first term
01[13:17] {Threei}  my firm bet is, the same rate of borrowing for the next 4 yearsm, around 1T annually
01[13:18] {Threei}  which takes me to that 20T in 2016
01[13:19] {Threei}  it's simple really: we have about 30% of annual govt expenses borrowed; govt spending is the only thing that keeps GDP growing, even so weakly;
01[13:19] {Threei}  stop borrowing, boom - instant recession
[13:19] {Will49} keep borrowing...death by athousnd cuts
01[13:20] {Threei}  yup
01[13:20] {Threei}  keep borrowing - get closer to the moment when bond byers go on strike
01[13:20] {Threei}  they buy willingly still because US is the skinniest girl in a fat camp
[13:21] {Will49} nice visual
01[13:21] {Threei}  then you have Fed as the only bond buyer,
[13:21] {nemo} yeah, and she'll have to get down on her knees soon
01[13:21] {Threei}  and then you face printing as the only way to extinguish debt
[13:21] {Will49} another nice visual
01[13:21] {Threei}  well, that or default
01[13:22] {Threei}  one is horrible inflation, another is horrible deflation
01[13:22] {Threei}  good governing folks
01[13:22] {Threei}  and that goes for both, democrats and republicans
01[13:23] {Threei}  NDC target hit
01[13:23] {Threei}  NSC
01[13:23] {Threei}  me out
[13:24] {nemo} 12/21/2012 8:21 pm
[13:26] {Will49} NSC out 1:2 tks Vad
01[13:27] {Threei}  :)
01[13:27] {Threei}  that's the exact time of the end of the word?
[13:31] {nemo} yeah
01[13:31] {Threei}  wow, made 1:3
01[13:31] {Threei}  but I had to secure that win
[13:31] {Will49} yea, for the good of my health
01[13:32] {Threei}  look at C
[13:32] {Will49} financials really impressed with Obummer
[13:33] {Will49} and Boner
01[13:33] {Threei}  I think they'd be equally hit with Romney
[13:33] {Will49} now there's apair!
[13:33] {Will49} a pair
01[13:42] {Threei} Short Setup: C  36 break
01[13:43] {Threei}  If holds  .10
01[13:49] {Threei} Short Setup: KRO  .70 break
01[13:50] {Threei}  If holds  .75
01[14:01] {Threei}  C setup is back
[14:05] {Les} interesting to be exiting C at the intraday high
01[14:06] {Threei}  such is nature of rinsing
01[14:06] {Threei}  want to try and hold despite stop being hit?
01[14:07] {Threei}  go ahead and watch your account destroyed
[14:07] {Les} been there done that
[14:09] {dino} .
01[14:10] {Threei}  good point dino
[14:10] {Will49} lol
[14:11] {Will49} well,,,is C s still possible?
[14:12] {Will49} looka a bit ragged to me
01[14:12] {Threei}  36 is clear support
[14:12] {Will49} but what do I know?
01[14:12] {Threei}  if breaks it, it's a valid short
[14:13] {Will49} comments about destroying accounts confused me
01[14:13] {Threei}  that was addressing comment about C short stopped at the high olf the day
[14:14] {Will49} ah
[14:16] {dino} fio gap fill aug
[14:17] {dino} cnqr hl l .73
[14:18] {Les} s fio .20?
01[14:19] {Threei}  yup
[14:21] {Les} oh i c the gap closure dino
[14:22] {nemo} I wish Les would close his gap
[14:22] {Les} :) not bad
[14:22] {dino} lol
[14:24] {Les} I see why you're divorced
[14:24] {nemo} never married
[14:24] {nemo} they all sobered up before I could get them down the aisle
[14:27] {Les} fair enough
[14:29] {dino} fio hl l .24
01[14:30] {Threei}  (US) White House press secretary: Pres Obama would veto any plan that extends the Bush tax cuts for the wealthy- Urges the House to pass the Senate tax cut bill that extends Bush tax cuts for families earning less than $250K/year.
01[14:31] {Threei}  (US) Senator Majority Leader Reid (D-NV): Elections made it clear that voters agree there is a need for higher taxes on the wealthy
01[14:31] {Threei}  - Senate Minority Leader McConnell: Republicans want to find common ground on entitlement reform.
01[14:31] {Threei}  - There is no concensus in Congress on raising tax rates. - Source
[14:32] {nemo} yeah 53% to 47%
[14:34] {dino} out cnqr .03, +.30
[14:37] {cc_8} The Market Vectors Oil Services ETF (NYSE: OIH) and the iShares Dow Jones U.S. Oil Equipment & Services Index Fund (NYSE: IEZ) are following the broader market higher today as traders and investors do some value shopping following two days of significant losses for stocks.
[14:37] {Les} really?
[14:37] {Les} never mind
[14:41] {Les} bearish 3 min divergences as indexes test pivot
[14:45] {Les} only got 100 off short FIO when it broke. covered when dino went long and went long meself. 2/3 out +.10 rest flat.
[14:46] {Les} now it drops
01[14:47] {Threei}  quite hectic and with no real patterns
01[14:47] {Threei}  just one of those days
[14:51] {dino} fio stop -.24
[14:53] {dino} fb gap fill, but lockup expires 11/14
[14:54] {Les} god that one is crushing investors
01[14:56] {Threei}  deservedly so
01[15:00] {Threei}  this C trade is still there
01[15:01] {Threei}  like fools gold
[15:02] {dino} muc spike
[15:03] {dino} too fast
[15:10] {dino} fio hl l .9o
01[15:12] {Threei}  (US) CIA director Petraeus resigns, citing extra marital affair - NBC news- Petraeus took over as CIA director in Sept 2011. - Note: Press reports as recently as yesterday indicated that General Petraeus was expected to remain in his post into Obama's next term. A number of higher level officials in the Obama administration were scheduled to step down, including Sec of State Clinton, Defense Sec Panetta, and Treasury Sec Geithner
01[15:15] {Threei}  Sony's credit rating heads toward junk pile Japan's electronics sector is reeling, gov't minister says no bailout is coming.
01[15:15] {Threei}  Just over a week ago, we reported that Sharp, one of Japan�s biggest electronics firms, may be set to go under. We also noted how other Japanese tech mega-corporations, including Panasonic and Sony, aren�t doing too well either. After Sharp posted its most recent loss, its financial rating fell to junk status, and the company is now seeking a government bailout. Panasonic was also hit with a near-junk rating by Fitch earlier this month, after it posted a loss 30 times larger than analysts had estimated.
01[15:15] {Threei}  Sony�the biggest of Japan�s big dogs�can�t escape the bad news either. On Friday, Moody's downgraded Sony�s long-term debt rating from Baa2 to Baa3, one notch above junk status. This marks the second time in a month Sony has been hit with a downgrade.
[15:16] {Les} detroit meets godzilla
[15:37] {Les} LOL got caught up on Ray Delio and beautiful deleveraging and missed C entry
01[15:38] {Threei}  1:1
01[15:38] {Threei}  really wanted to finish this day on a winning trade
01[15:39] {Threei}  doesn't take the day into positive territory but having last one winning makes it easier to maintain good mood over the weekend
[15:39] {Les} solid patience there. been flirting with support for last 2 hours
01[15:40] {Threei}  yeah, it was on again, off again
[15:40] {Les} wrong time of the day to be reading blogs
[15:41] {Les} FIO
[15:43] {Will49} Have a great weekend everyone
[15:43] {Les} cheers will
01[15:44] {Threei}  ok guys
[15:44] {dino} u2 will
[15:44] {Will49} cheers all
01[15:44] {Threei}  let's have a better day on Monday and a great week
01[15:44] {Threei}  thank you all, have a good weekend
[15:44] {Les} yeh thanks u 2
[15:44] {nemo} funny how spy doesn't want to give up the 200
01[15:44] {Threei}  see you all Monday
06[15:45] * Les slaps nemo for good measure