Tuesday, November 13, 2012

Nov 13 21012

Slightly positive but still not very happy with market read over last few days. Getting the direction mostly right but timing on entries is off. There were a few quite good ones today though.

Session Time: Tue Nov 13 00:00:00 2012
[08:44] {dino} gm
01[08:48] {Threei}  morning dino
[09:01] {scottie} good morning
01[09:01] {Threei}  scottie :)
[09:01] {_traderxxx} good morning
01[09:02] {Threei}  traderxx :)
[09:06] {nemo} gap down day...yahoo
01[09:08] {Threei}  mr. Lipton quickly becomes my favorite:
01[09:08] {Threei}  (EU) IMF's Lipton: Eurozone uncertainty is weighing on markets- Greece has made heroic effort - Ireland and Portugal have both complied well but still face issues
01[09:09] {Threei}  47% Fear Government Won�t Do Enough to Help Economy
[09:17] {Beau} good morning
01[09:17] {Threei}  beau :)
[09:18] {nemo} mmmhhhh...bottom falling out today?
01[09:18] {Threei}  so far, looks that way
[09:18] {Les} really nemo you need to talk pottie with us?
06[09:19] * nemo slaps his forhead in frustration
06[09:19] * nemo thinks, "Frickin' musicians!!"
01[09:20] {Threei}  les is musician?
[09:20] {nemo} oh jeez...back to bed, see what happens when I don't drink
[09:20] {Will49} gm
[09:21] {nemo} Funny was thinking to myself ese has become Les
01[09:21] {Threei}  will :)
01[09:24] {Threei}  http://goo.gl/qP7Qn
[09:24] {cipher} gm
01[09:25] {Threei}  cipher :)
01[09:25] {Threei}  HPQ, yesterday's low is .30
01[09:26] {Threei}  if gives us some consolidation and breakdown, it's a ride down
01[09:29] {Threei} Short Setup: FCX  .15 break hl
01[09:29] {Threei}  If holds  .25 
[09:30] {nemo} might test 200 this morning
[09:30] {nemo} iwm in serious volume vacuum
[09:30] {nemo} spy below volume support
[09:31] {nemo}  Qs coming in to volume support
[09:31] {nemo} HD ripping
01[09:32] {Threei} Short Setup: HPQ  .30 break
01[09:32] {Threei}  If holds  .40 
01[09:33] {Threei}  trail FCX to .21
01[09:33] {Threei}  meh
01[09:34] {Threei}  couple cents to 1:1
01[09:35] {Threei}  HPQ is not a scalp
01[09:36] {Threei} Short Setup: JCP  .80 break
[09:36] {nemo} inflextion point hd
01[09:36] {Threei}  If holds  .90 
01[09:36] {Threei}  1:1
[09:37] {scottie} of course, got fcx and missed jcp :(
01[09:38] {Threei}  let's install moratorium i=on frown faces in first 30 min
[09:38] {nemo} gs strenthening careful on jcp
[09:38] {scottie} :)
[09:39] {Les} didn't get all m y shares covered on HPQ at .20
[09:39] {Les} shares put in for order
[09:39] {nemo} Odds are spy fights it's way back to the 200 at 138.28
[09:40] {nemo} gs still strenthening as are finnies overall
01[09:40] {Threei} Short Setup: LVS  43 break
[09:40] {Les} I see FAS in your shaded no mans land nemo
01[09:40] {Threei}  If holds  .10 
[09:40] {nemo} that's vacuum area
[09:41] {nemo} light blue=vacuum  light red=heavy volume area
[09:42] {Les} k ty
01[09:42] {Threei}  no go
[09:43] {dino} crus gap fill aug
01[09:43] {Threei} Long Setup:  CAT  .90 break hl
01[09:43] {Threei}  If holds  .80 
[09:44] {dino} crus hl l .60
01[09:44] {Threei}  1:1
[09:45] {nemo} longs safe until 138.28 on spy
[09:45] {nemo} imo
[09:45] {nemo} imho
[09:46] {nemo} this drop below the 200 had the bears salivating...so an application of a 60 grit closed fist glove
[09:47] {Les} yeh
[09:48] {dino} fwlt hl l .35
[09:49] {dino} trox hl l .50
[09:49] {scottie} cat +.19 tks :)
01[09:49] {Threei}  :)
[09:49] {dino} gj
[09:50] {robbers} wtg
[09:50] {nemo} careful on entries here, we touched the 200 and filled the gap
01[09:50] {Threei} Short Setup: HD  .10 break
01[09:50] {Threei}  hl
01[09:50] {Threei}  If holds  .20 
[09:52] {dino} out trox .80, +.30
01[09:52] {Threei}  wtg
01[09:53] {Threei}  rinse
[09:53] {nemo} hey cipher, watch 51.50 level KORS
[09:54] {cipher} K
01[09:54] {Threei}  &^$#)(&*
[09:54] {nemo} wow, spelling really off on that one
[09:54] {nemo} it's"  (*&^$&&!!!
[09:55] {Les} s hd .05 v small shares
[09:55] {dino} wpz hl l .92
[09:57] {Les} stopped -.15
01[10:00] {Threei}  A theater in Spain is avoiding higher taxes on theater tickets by selling carrots for $16 apiece with a free ticket
[10:00] {nemo} Les, you shorted off of the high, not the lower high on a veeeerrrrry strong stock.  It hadn't shown you it was done
[10:01] {Les} yes saw that
01[10:01] {Threei} Short Setup: LVS  .15 break
[10:01] {scottie} AGNC s .50 ?
[10:01] {nemo} Good thing you weren't the point man when you were in the military
01[10:01] {Threei}  If holds  .25 
01[10:01] {Threei}  AGNC, looks right
[10:02] {Les} I suspect HD might be afternoon short
[10:02] {dino} out wpz ,22, +.30
[10:02] {cipher} kors s .55
01[10:04] {Threei}  trail LVS to .21
01[10:05] {Threei} Long Setup:  CAT  .70 break
[10:05] {cipher} cov 1/2 kors .10 +.45
01[10:05] {Threei}  Invalidated  
[10:05] {cipher} cov rest kors .01 +.54 thx nemo
01[10:05] {Threei}  good one
01[10:07] {Threei}  (US) Moody's issues commentary on 'fiscal cliff'; will wait to make a decision on US sovereign rating if the fiscal cliff is triggered- Would likely not wait until after 2013 to resolve the "Negative" outlook on the US (current rating at AAA; outlook Negative) - US cannot grow itself out of the current deficit issues - Deal on fiscal cliff must show that debt will be a downward trajectory - Expecting a deal to be reached at some point in 2013
01[10:09] {Threei} Long Setup:  RIG  .80 break hl
01[10:09] {Threei}  If holds  .70 
01[10:11] {Threei}  (EU) European Parliament may reportedly end the talks on a 2013 budget without a deal - financial press
01[10:11] {Threei}  who needs budgets
01[10:11] {Threei}  US lives without them for 4 years
[10:12] {nemo} indexes moving but not much in persistence in stocks
01[10:13] {Threei}  (US) Chamber of Commerce: Washington is 'playing with fire' through allowing talks on fiscal cliff to drag
01[10:14] {Threei}  Washington: Chamber of Commerce chairman is reassigned to Syria
[10:14] {Les} lol
01[10:15] {Threei}  RIG 1:1
01[10:21] {Threei}  watching FB for long
01[10:24] {Threei} Long Setup:  FB  .90 break
01[10:25] {Threei}  If holds  .85 
01[10:26] {Threei}  half out .99
01[10:27] {Threei}  stop to .89
01[10:30] {Threei}  scalpers win
01[10:33] {Threei} Short Setup: HD  .90 break
01[10:33] {Threei}  hl
01[10:33] {Threei}  If holds  64 
01[10:35] {Threei}  not yet
[10:38] {scottie} rig +.20 tks vad
[10:40] {Will49} what does "not yet" mean?
01[10:40] {Threei}  not ready to drop yet?
01[10:40] {Threei}  yw scottie, you are a patient one
[10:41] {scottie} stopped breathing for 25 minutes
01[10:41] {Threei}  how's that blue look?
[10:42] {scottie} slowly getting back to normal now
01[10:42] {Threei}  lol
[10:42] {scottie} Are you still in HPQ ?
01[10:42] {Threei}  yes
01[10:42] {Threei}  grrr HD
01[10:43] {Threei}  got away
[10:43] {Will49} got a .12 scalp tks Vad
01[10:43] {Threei}  :)
[10:43] {Les} shorted it for .18 ty
01[10:43] {Threei}  yw... I missed it
[10:44] {Will49} get with the program :)
01[10:44] {Threei}  sorry
[10:44] {Les} big volume bar at .85...
01[10:44] {Threei}  I'll try
[10:44] {Les} air below that
[10:44] {cc_8} Stocks Hitting 52-Week LowsPosted on: Tuesday, November 13, 2012 - 10:19amVodafone Group Public Limited Company (NASDAQ: VOD) shares lost 3.24% to create a new 52-week low of $25.54.
[10:50] {dino} out fwlt .63 ave, +.28
01[10:50] {Threei}  wtg
[10:51] {scottie} VOD l .80 ?
[10:51] {dino} ty
01[10:51] {Threei}  I'd prefer .75 short scottie
[10:51] {scottie} ok tks
[10:52] {cc_8} JC Penney Shares Continue Slide Despite Ackman DefensePosted on: Tuesday, November 13, 2012 - 10:34am  Shares of J.C. Penney (NYSE: JCP) traded lower on Tuesday, down a bit more than one percent,
01[10:53] {Threei}  insanity spreads all over the globe faster than plague:
01[10:53] {Threei}  Peugeot SA Said to have stopped talks with GM over a strong relationship due to talks with France on a potential bailout and its conditions
[10:54] {nemo} we'll probably rally to the weekly pivot, maybe not today, but gotta' creat range...traders gotta' eat
[10:54] {Les} nice one scottie .81 to .97
[10:54] {Les} ty
[10:54] {scottie} ty .80 to .00
[10:54] {nemo} weekly pivot spy 139.75ish
[10:56] {Les} oh god i fu&%ed up big time
01[10:56] {Threei}  I am lost
01[10:57] {Threei}  .81 to .97?
[10:57] {Les} bought VOD at .81 sold HD at .97 frrrrik
01[10:57] {Threei}  hmmm
[10:57] {nemo} wow
[10:57] {nemo} Hey Les, stay away from power tools
01[10:57] {Threei}  sold short or closed long?
[10:58] {Les} entered order and boy returns home crying with busted lip
[10:58] {Les} its ok its sorted
[10:58] {nemo} kill the kid
[10:58] {Les} hehehe
[10:58] {Les} still long VOD
[10:58] {Les} 2 trade screen setup...
01[10:58] {Threei}  good news is, HD is not really out of money
01[10:59] {Threei}  and VOD is positive
[10:59] {nemo} Mmmmhhhh, if Texas secedes, might be worth moving there...They'll clean up the border...Of course the UN will show up
01[10:59] {Threei}  bad news is... well, you know
01[10:59] {Threei}  yeah right
01[11:00] {Threei}  these secession talks are so childish
01[11:00] {Threei}  we didn't get what we wanted in election, waaaa
01[11:01] {Threei}  next time go f***ng vote maybe?
[11:01] {Beau} nemo, gov. oops will welcome you with a cup of tea
[11:01] {Les} someone gave my boy his old skateboard today. Guess he's learnt his lesson
01[11:02] {Threei}  3 million fewer republicans went to vote this time than in 2008
01[11:02] {Threei}  so, shut up and don't complain - you get what you voted
[11:02] {Will49} he's not talking to you TBell
[11:03] {Les} really?
[11:03] {Les} what? they thought they had it in the bag with Romney?
[11:03] {Les} or team Romney was disorganised?
01[11:03] {Threei}  my understanding is, he was too moderate for them
01[11:03] {Threei}  they wanted someone more conservative
[11:04] {Les} was Ryan supposed to be that man?
01[11:04] {Threei}  never mind that someone more conservative would stand zero chance with independents
[11:04] {Les} sold at .90 paper trade scale out 
[11:04] {Les} ty scottie
01[11:05] {Threei}  how idiotic must one's position be that instead of moderate conservative gave them far left?
[11:07] {nemo} bell curve applied to intelligence =60% plus are morons by genetic makeup
[11:07] {nemo} I mean, look at Les...
[11:07] {scottie} yw 
[11:07] {scottie} les
01[11:08] {Threei} Long Setup:  CAT  .15 break hl
01[11:08] {Threei}  If holds  .05 
01[11:11] {Threei}  IMO, if republicans don't do away with radical social conservative element, they'll lose elections every single time. Mainstream moved to fiscally conservative (barely), socially liberal
[11:12] {cipher} nemo kors
[11:13] {nemo} yeah, dropped 51.50 inflection...oh oh
[11:14] {cipher} kors l.55
[11:14] {nemo} depending on market, like to see it make it back there and see what it does
[11:17] {cipher} out kors -.15
[11:17] {cipher} kors l .30
[11:18] {thomcbell} short setup qcom 62.58 break if holding 62.68
[11:20] {Beau} vad didn't CAT trigger with 2 bars at .16?
01[11:20] {Threei}  it did
[11:22] {scottie} AGNC s .30 ?
01[11:22] {Threei}  chart is right but need SPY tofinally reverse
[11:22] {nemo} spy short worth a try here
[11:23] {Les} .70 is VWAP on HD. new setup coming
[11:23] {thomcbell} target on qcom is 1:2
[11:24] {cipher} out kors .69 +.39
01[11:24] {Threei}  (GR) France President Hollande: Greece has earned the support from its official creditors and deserves aid- Notes that France needs to cut �50B in spending over the coming 5 years
01[11:24] {Threei}  "It aint gotta do nothin' with deservin' "
[11:25] {nemo} "Deservin' ain't got nothin' to do with it."
[11:25] {Les} what are you 2? cojoined twins?
[11:26] {scottie} in .29
[11:26] {cipher} s kors .80
[11:27] {nemo} wow, Les used a two syllable word
[11:27] {Les} 2 and ? are two seperate symbols
06[11:27] * nemo faints
[11:28] {Les} :P
[11:29] {scottie} half out
[11:30] {dino} took all morning, but out crus .90, +.30
[11:31] {cipher} stopped kors -.22
01[11:35] {Threei} Short Setup: FB  .70 break
01[11:35] {Threei}  If holds  .80 
[11:36] {Les} vwap is .85 might go there
[11:37] {thomcbell} qcom 1:1
01[11:38] {Threei}  you tamed it tbell
01[11:38] {Threei}  I hate that animal
[11:38] {thomcbell} crazy move off open with the rest of the market 
[11:39] {scottie} half out HPQ
[11:41] {scottie} out AGNC + .19
01[11:41] {Threei}  wtg
[11:41] {scottie} ty
01[11:41] {Threei}  loss of .20 should send HPQ into vortex of despair
[11:43] {scottie} wow agnc
[11:45] {thomcbell} qcom flat on balance
01[11:45] {Threei} Short Setup: FB  .80 break
[11:46] {Les} FCX flirting with 39
01[11:47] {Threei}  invalidated again
01[11:47] {Threei}  good boy HPQ
[11:54] {Les} where is the call for shorting HPQ?
[11:55] {Les} SLW long .50?
01[11:57] {Threei}  I'd prefer .40 short
[11:57] {Les} k
01[11:57] {Threei}  [09:32] {Threei} Short Setup: HPQ .30 break
01[11:57] {Threei}  [09:32] {Threei} If holds .40
01[11:57] {Threei}  09:25] {Threei} HPQ, yesterday's low is .30
01[11:57] {Threei}  [09:26] {Threei} if gives us some consolidation and breakdown, it's a ride down
[11:58] {Les} ok thanks no wonder i couldn't find it
[12:00] {Les} s slw .39
[12:03] {thomcbell} lvs very heavy
[12:05] {Les} HPQ short .16?
01[12:05] {Threei}  .20 looked better
[12:06] {Les} ..16 is half pivot support
[12:09] {Les} GDX
[12:11] {Les} slw stop
[12:18] {cc_8} Tesla Shares Tick Higher as CEO Elon Musk Speaking on CNBCPosted on: Tuesday, November 13, 2012 - 11:59am
[12:20] {scottie} HPQ +.18 tks Vad
[12:22] {dino} gotta hop for hour or so
01[12:22] {Threei}  :)
01[12:22] {Threei}  I am going to try for more
[12:22] {Les} took it short .15 half out .10 let's see if we can get to 13.00
[12:26] {Les} nice descending channel on HPQ daily. Sitting on lower channel. wonder if it could cascade into capitulation
01[12:27] {Threei}  remember I said yesterday, if I were in any mood for swing trades, this would be the one
01[12:28] {Threei}  this thing is on death watch
[12:28] {thomcbell} sad really
[12:28] {thomcbell} qcom is strong as 10 men 
01[12:31] {Threei}  crap
01[12:31] {Threei}  had in mind CAT short at .80 and completely forgot about it
[12:32] {Les} shorted miners too early
01[12:32] {Threei} Short Setup: FB  .80 break
01[12:33] {Threei}  If holds  .90 
[12:33] {nemo} kors
01[12:40] {Threei} Short Setup: CAT  .40 break
[12:44] {Les} fb
01[12:44] {Threei}  can't pinpoint the pattern on it
01[12:45] {Threei}  3 invalidations
[12:45] {Les} vwap is .86
01[12:47] {Threei}  frikin cat
[12:49] {nemo} this area could be the bottom , with caveat that spy vwap is at .43
01[12:49] {Threei}  10% Rate Congress� Job Performance As Good or Excellent
[12:50] {nemo} IWM SPY QQQ and Finnies have hit confluence support levels
[12:53] {Les} 15 min MACD needs to turn. not buying breaks yet
01[12:53] {Threei}  gotta change some things... not really happy with my read over kast few days
01[12:53] {Threei}  nor with typing... kast = last
[12:58] {Les} you need to do a Costanza
01[13:02] {Threei}  ok
01[13:02] {Threei} Long Setup:  FB  .90 break
01[13:02] {Threei}  that's costanza trade
01[13:05] {Threei}  target 1:3
01[13:05] {Threei}  hype about giant lockup expiration continues and become hysteric
01[13:05] {Threei}  perfect squeeze setup
01[13:06] {Threei}  and when this kind of squeezes start...
01[13:06] {Threei}  1:3 may even be too conservative
01[13:06] {Threei}  1:1
[13:06] {Les} oh you beautiful thing
06[13:07] * Threei slaps Les around a bit with a life-sized statue of George Costanza
[13:07] {Les} I will have to watch entire series one day
06[13:08] * Threei slaps nemo around a bit with a life-sized statue of Newman
01[13:08] {Threei}  you so do
01[13:08] {Threei}  it's classic, one can't go through life without seeing it
[13:09] {Les} quarter .07
[13:09] {Les} last for .20
[13:11] {thomcbell} nice one FB
[13:11] {Will49} tks Vad for fading yourself :)
[13:11] {Will49} +.16
[13:11] {Les} hehehe
01[13:11] {Threei}  not exactly, lol... remember this idea from yesterday?
01[13:12] {Threei}  it was formikng shiort setups three or four times today, and none has triggered
[13:12] {thomcbell} i bought the stupid thing under 19 
01[13:12] {Threei}  so long was in order
[13:13] {Will49} ok i'm sold
[13:13] {Will49} comvenced
01[13:13] {Threei}  well, who is stupid now, tbell :)
[13:13] {Will49} convinced
01[13:13] {Threei}  willl... my typing is highly contagious
[13:13] {Will49} no kidding
[13:14] {Will49} i foloow everything you do Vad
[13:14] {Will49} follow
[13:14] {Will49} so stay married OK?
01[13:14] {Threei}  then you might wanna go easy on bacon
[13:14] {Will49} love bacon
01[13:14] {Threei}  my consumption exceeds mortal norms
01[13:15] {Threei}  or, norm of mortals
01[13:15] {Threei}  it's purely ethical thing for me, you see: http://goo.gl/cKGyV
[13:16] {Will49} lol
[13:17] {thomcbell} short setup clne - 12.15 break if holding 12.25
01[13:22] {Threei}  lol, who would expect this:
01[13:22] {Threei}  (GR) Greece PM Samaras: Affirms Greece is aiming to get more than the �31B tranche; next step is to pursue a path to growth
01[13:23] {Threei}  (CA) Canada govt to push back balanced budget by one year, expects to generate budget surplus in 2017- Budget deficits are expected to widen more than anticipated, budget deficit for 2013 to be C$26B v $21.1B prior target. - Budget is being impacted by falling commodity prices
[13:28] {Les} china flu passing around I c
[13:30] {Les} 2nd half HPQ stopped
[13:30] {thomcbell} clne still valid - in fact i like it more
[13:39] {Will49} CLNE not on short list
[13:40] {scottie} msft l .30 ?
[13:40] {thomcbell} ok sorry
01[13:41] {Threei}  chart is right
[13:41] {thomcbell} yes i like the setup
01[13:52] {Threei} Long Setup:  CAT  .35 break
01[13:53] {Threei}  If holds  .25 
01[13:53] {Threei}  and yes, it's Costanza-insipred
01[13:56] {Threei}  cool... a woman tried to run over her husband after the srgument about an election
01[13:57] {Threei}  that's what I call politically passionate
01[13:58] {Threei}  actually ran over him
01[13:58] {Threei}  http://www.kansas.com/2012/11/13/2566717/arizona-police-woman-runs-over.html
01[14:00] {Threei}  *(US) OCT MONTHLY BUDGET STATEMENT: -$120B V -$113BE- Receipts: $184B v $163.07B y/y - Outlays: $304B v $261.54B y/y
01[14:00] {Threei}  we are firmly on track to that 20T, beau :)
01[14:01] {Threei}  ~100B monthly deficit, x12 months = 1.2T annually
01[14:01] {Threei}  x 4 years = 4.8T... I'll give you 0.8T slack
01[14:01] {Threei}  16.2T as of now
[14:05] {scottie}  PMT l .50 ?
01[14:05] {Threei}  yup
[14:08] {scottie} in .51
[14:15] {scottie} out -.14
[14:23] {Les} s hd .69
01[14:23] {Threei} Short Setup: FB  .90 break
01[14:24] {Threei}  If holds  .95 
[14:30] {Les} I love HD
[14:31] {Will49} Vad's nemisis
[14:31] {Les} cover .50 continue partialling on paper 63 is target
01[14:31] {Threei}  FB invalidated again
01[14:34] {Threei} Short Setup: HD  .60 break
01[14:34] {Threei}  If holds  .65 
01[14:35] {Threei}  tight stop, aggressive entry for .50 break
01[14:36] {Threei}  half out
[14:36] {Les} yeh baby
01[14:37] {Threei}  now if loses .50 we have a chance for a quick cascade
[14:37] {Les} waterfall
[14:38] {dino} wow bidu
01[14:40] {Threei}  scalpers win
[14:45] {Les} China stocks don't appear to be taking the lead following AAPL...
[14:47] {dino} sbs drop
01[14:47] {Threei}  grrr
01[14:47] {Threei}  look at CAT
01[14:47] {Threei}  it laughs at me today
[14:47] {nemo} cat scratched are ya'?
[14:47] {dino} hl l .25
[14:48] {dino} out .71, +.46
[14:49] {nemo} bounced right at 200, which is at the breakout level
[14:49] {Les} nice play. ugly chart
[14:49] {dino} say that and bgt
[14:49] {dino} saw
[14:49] {dino} sold too soon tho
[14:50] {nemo} well, profits when bungi jumping
[14:50] {dino} exactly
[14:50] {nemo} you either make money or squash your melon
[14:51] {dino} sort of the bear theory....some days you eat the bear, some days the bear eats you
[14:56] {Les} http://tinyurl.com/d5llcod
[14:56] {Les} Will there's  a record of that bubble busting intrest of mine
[14:56] {Les} HD just fit the profile
[14:58] {Les} speaking of which, forgot about JCP from yesterdays close
[14:58] {Will49} Very colourful!
[14:59] {Les} need to log a couple of hundred for validity or otherwise
[15:00] {cc_8} One of 2012's Worst Performers, Molycorp, Hit by DowngradePosted on: Tuesday, November 13, 2012 - 1:48pm  Shares of Molycorp (NYSE: MCP) continued to move lower on Tuesday, trading down over four percent. Analysts at Morgan Stanley opted to downgrade the stock to Equal-weight, noting that the ongoing SEC investigation was an overhang on the price of shares.
01[15:07] {Threei} Short Setup: BIDU  99 break hl
01[15:07] {Threei}  If holds  .15 
[15:09] {nemo} wow, vad calling a BIDU trade
[15:09] {nemo} is it 12/21?
01[15:10] {Threei}  stop .11
01[15:10] {Threei}  2 cents to 1:1
[15:10] {nemo} it loses this low, you're good for a coupla bucks at least
01[15:10] {Threei}  should drop again here
01[15:10] {Threei}  1:1
01[15:12] {Threei}  7% Think U.S. Is Winning War on Drugs
01[15:12] {Threei}  what drug they are on?
[15:12] {Les} those'd be the one's that didn't respond to yesterday's poll on drug legalisation
[15:12] {nemo} look for spy bounce
01[15:12] {Threei}  and 10% think Congress does excellent job...
[15:13] {Les} coincidence?
01[15:13] {Threei}  can't be
01[15:13] {Threei}  there must be some level of drugs in blood that causes this kind of severe delusions
01[15:18] {Threei}  now HD broke .50
[15:18] {Les} forgot about HD
01[15:20] {Threei} Short Setup: AVP  .05 break
01[15:21] {Threei}  If holds  .10 
[15:24] {thomcbell} aig may sell rest of its stake i just heard 
[15:24] {thomcbell} might watch it for some craziness
01[15:27] {Threei}  feels like another leg down in the market
01[15:27] {Threei}  with SPY losing 138
01[15:27] {Threei} Short Setup: WFC  .05 break
01[15:38] {Threei}  perfect formation to drop from here, SPY
01[15:38] {Threei}  reverse, drop fast, break 138 and die
[15:38] {nemo} spyhas the 200 overhead
01[15:39] {Threei}  AMD Said to have hired an advisor to pursue strategic options which may lead to sale of company or divestiture of patents
01[15:41] {Threei}  good boy, now lose that 138
01[15:42] {Threei}  all I am saying is not an opinion, SPY - it's instructions
01[15:42] {Threei}  there... proceed as you are told
[15:51] {Will49} dump dump dump
01[15:54] {Threei}  ok WFC, you8 know my real idea was 32 break... so lose it in a hurry
01[15:54] {Threei}  and die
01[15:55] {Threei}  from the look of daily, that oughtta be good
[15:56] {Les} coverd flat
01[15:57] {Threei}  saved by the bell... covered .02
01[15:58] {Threei}  more of Costanza tomorrow I guess
01[15:58] {Threei}  thank you all
01[15:58] {Threei}  have a good evening
[15:58] {Les} cheers
[15:58] {scottie} gn all
[15:58] {Will49} TTFN
[15:59] {nemo} futes selling big
[15:59] {nemo} Black Wednesday toomorrow