Friday, November 30, 2012

Nov 30 2012

Very nice day with a lot of good trades. GLD short into bounce made Catch of the Day - setup structure should be quite clear from the chart.



Session Time: Fri Nov 30 00:00:00 2012
[09:13] {scottie} good morning
[09:13] {cipher} gm
01[09:13] {Threei}  scottie, cipher :)
01[09:14] {Threei}  sacottie, had to leave yesterday just when the gem of the day was developing :(
[09:16] {dino} gm
[09:19] {scottie} saw that when I read the log :(
[09:19] {ese} gm
01[09:19] {Threei}  dino, ese :)
[09:20] {ese} morning vad
[09:20] {Beau} good morning
01[09:20] {Threei}  beau :)
[09:20] {Will49} gm
01[09:20] {Threei}  will :)
01[09:21] {Threei}  I start thinking FB may be about done...
[09:21] {ese} am not contributing to the board  much these days.........busy time of the year for me along with some very serious medical issues with my mom.......
01[09:22] {Threei}  not read to start shorting at will yet but looking at it ascance
[09:22] {thomcbell} i like it for a short too - with a $26.50 target level
01[09:22] {Threei}  sorry to hear ese...
[09:22] {thomcbell} sorry Ese
[09:22] {ese} don't want to be making to many trading decisions when my brain isn't tatally focused
[09:22] {nemo} oy....that's tough ese...sorry
[09:23] {robbers} Sorry, Ese, been through the Mom thing, even wrote a book about it, very difficult time for all of us.  Thoughts out to you.
[09:23] {ese} tks all........appreciate the thoughts
[09:23] {ese} whats the book robbers?
[09:24] {scottie} best wishes to your mom ese, lost mine a few years ago. Moms are precious
[09:24] {ese} tks scottie
[09:24] {nemo} Mine, sheesh,  11 years ago
01[09:25] {Threei}  8 here
[09:25] {robbers} About her battle with brain cancer and not a happy ending.  About the witty things she said while dying.  Title is "The Last Laugh: Fighting Cancer with Wit and Humor."  But don't recommend it for you, it'd be too close to home.
[09:25] {dino} sorry to hear ese, gl
[09:25] {ese} the issue is cancer......stage 3
[09:26] {robbers} Stage three will hopefully be treatable.
[09:26] {Will49} my thoughts are with you ese
[09:27] {ese} hopefuly.........doing scans now to see if anything has matasticised (correct spelling?)
[09:27] {nemo} no, but who cares
[09:27] {robbers} Ese, later we'll PM, I have something that may help.
[09:27] {nemo} Dive in, grab each and every moment
[09:27] {ese} ok
[09:28] {ese} will heed that advise
[09:28] {robbers} Nemo is right, and always be sure you leave nothing unsaid.
[09:28] {robbers} Moms can never hear:  "I love you" enough.
[09:29] {nemo} It's an unfortunate way, but we learn much about ourselves from these situations
[09:30] {ese} definitely
01[09:31] {Threei} Short Setup: FCX  .05 break hl
01[09:31] {Threei}  If holds  .15
01[09:33] {Threei}  trail to .11
[09:34] {dino} obummer speaks arond noon i think
[09:34] {nemo} yeah
01[09:35] {Threei}  out
01[09:35] {Threei}  maybe overtightening it but it can go either way 50/50 here
01[09:36] {Threei}  wow FB
01[09:36] {Threei} Short Setup: FB  .25 break
[09:36] {ese} l vrsn .49
[09:36] {ese} sm
01[09:37] {Threei}  FB target 1:2
[09:38] {ese} dinos my inspiration on this one
[09:38] {dino} ese gj vrsn, i chickened out
[09:39] {ese} out 1/2 .69 +.20
[09:39] {ese} no brainer news basically
01[09:40] {Threei}  tightening was right on FCX
01[09:40] {Threei}  no go
[09:42] {cipher} ntes l .42
[09:42] {cipher} sndk l.49
01[09:45] {Threei}  *(US) NOV CHICAGO PURCHASING MANAGER: 50.4 V 50.5E
[09:46] {dino} \07 red
01[09:48] {Threei} Short Setup: SLW  37 break
[09:48] {dino} vrsn hl l .40
[09:51] {cipher} sndk stop .45 -.04
01[09:51] {Threei}  1:1
[09:53] {ese} it's gonna take off at some point dino...imo
[09:53] {thomcbell} Vad - for the tea leaves we have been reading on this FB it should have been the month of the year for us
[09:54] {dino} yeah, lets hope before it hits my stop at .24
[09:54] {robbers} Out SLW, thanks.
01[09:55] {Threei}  well, for that we would have to do swing trade on it
[09:55] {ese} i'm at the low of the day with just a couple of hundred
[09:55] {thomcbell} or had been more liberal with the last 25% of long positions with trailing stops
[09:55] {dino} out vrsn .74, +.34
[09:55] {ese} i'm actually thinking this thing might be good for a couple of bucks next day or 2
[09:56] {ese} well done
[09:56] {dino} ty
[09:56] {robbers} gj
[09:56] {dino} no swings with cliff sh#t talk all day all month
01[09:56] {Threei}  eqzaktly
01[09:56] {Threei}  why are you so optimistic on VRSN ese? looks like bad news all around
01[09:57] {Threei}  and daily chart is badly broken
01[09:57] {Threei}  this kind can drop a lot
[09:58] {ese} yup.......stops in at low of the day
[09:58] {dino} gco odd, beats and raises, -4
[09:59] {dino} sm l gco .90, gappy sucker
[09:59] {ese} am counting on big short cover
[10:00] {ese} news is not good for sure but a 15.00 hair cut might be a little over done
[10:00] {ese} from 50.00
01[10:01] {Threei}  who is to say how much this or that news development costs?
[10:01] {ese} ouuuuuuu almost stopped out there
01[10:02] {Threei}  10/26 big gap down, notice that it never got filled
01[10:02] {Threei}  instead we got another one
01[10:02] {Threei}  this is not a sign of any health
[10:02] {dino} just remember, discipline trumps conviction
[10:03] {cipher} splk l.20
01[10:05] {Threei}  frikin FB rinsed first short
[10:06] {cipher} out splk .49 +.29
[10:06] {dino} gj
01[10:06] {Threei} Short Setup: FB  .10 break
01[10:07] {Threei}  If holds  .20
[10:07] {thomcbell} this splk going much lower over next few days
[10:08] {thomcbell} growth rate slowing -
[10:08] {cipher} splk reload .35
[10:08] {thomcbell} rev multiple is absurd
[10:09] {dino} bunch of fundy guys here today. whats happening to this room :)
01[10:09] {Threei}  1:1
[10:09] {scottie} not in, too fast for me
[10:10] {Will49} same
[10:10] {robbers} out FB, thanks again.
[10:10] {dino} gj
[10:11] {thomcbell} 26.50 is a serious support level short term in my opinion - humble opinion rather on FB
[10:11] {cipher} splk stop .25 -.10
01[10:11] {Threei}  1:2
01[10:12] {Threei}  out in full here
[10:16] {dino} pir hl l .25
01[10:16] {Threei} Long Setup:  LVS  .60 break
01[10:17] {Threei}  If holds  .45
01[10:17] {Threei}  fast...
[10:18] {cipher} splk l .28
[10:18] {ese} come on vrsn...........200 the easy
[10:19] {ese} $1  is that too much to ask
[10:19] {scottie} Vad, is lvs l .60 ?
[10:20] {ese} stop to .00 vrsn
01[10:20] {Threei}  oh crap
01[10:20] {Threei}  no
01[10:20] {Threei}  .50 that was
[10:20] {dino} tsro, drop into gap
01[10:20] {Threei}  mistype
[10:20] {scottie} damn, I'm in at .61
01[10:20] {Threei}  quick dive under .50, recross while holding .45...
01[10:20] {Threei}  sorry
01[10:21] {Threei}  it still looks OK
[10:21] {Will49} in at .61 also
01[10:22] {Threei}  but... didn't it look strange that call had such wide stop, was made that far from trigger and I added "fast" while it was there?
[10:22] {Will49} yes stop was strange
01[10:22] {Threei}  it's still a valid setup here, stop under .50
[10:22] {scottie} that was that fast... that brought my question
[10:24] {ese} vrsn to .25
[10:24] {cipher} out splk .79 +.51
[10:25] {cipher} too soon damn
[10:25] {cipher} avgo l.08
[10:26] {dino} gj
[10:26] {cipher} ty
01[10:27] {Threei}  trail to .54
01[10:27] {Threei}  target 1:2
[10:29] {ese} ya got yer money ana ya got yer shares so ya wanna be talkin yer money manaagament stratagis here..........ya got yer vrsn stop ta now .40
[10:30] {ese} i coulda nah patentiate make $35 of yer dollars taday.......t's the mother of loads
[10:31] {nemo} I'll leave that one alone
[10:31] {ese} lol
[10:31] {dino} ditto
01[10:35] {Threei} Long Setup:  FB  27 break
01[10:35] {Threei}  If holds  .95
[10:36] {dino} yum app lod
[10:43] {nemo} red picking up a bit
01[10:43] {Threei} Short Setup: CAT  .55 break hl
01[10:44] {Threei}  change to .60 break
01[10:45] {Threei}  Invalidated
[10:46] {thomcbell} pdce 35.74 break if holding 35.84
[10:48] {thomcbell} looks like FB 27.01 break is valid again
[10:48] {thomcbell} and now probably have some shorts here
01[10:48] {Threei}  I think so
[10:48] {thomcbell} with 27.01 stop
[10:50] {dino} pretty good drop
01[10:50] {Threei}  (EU) Hearing chatter on twitter that ESM and EFSF could be downgraded soon- Chatter on twitter suggests Moodys could be looking to downgrade the funds
[10:51] {thomcbell} fb possibly two sided here 26.90 break
01[10:51] {Threei}  but I thought Europe has been fixed?
[10:52] {thomcbell} hehe
01[10:52] {Threei}  on second thought... consider that a double entendre
[10:53] {ese} have a great weekend all hopefully see you monday
[10:53] {scottie} ese
[10:53] {Will49} cya ese
[10:54] {Will49} means see you
[10:54] {dino} ovti hl l .78
[10:56] {cipher} sndk l .08
[11:01] {cipher} out .20 +.12
01[11:09] {Threei}  (US) White House: Debt plan presented by Treasury Sec Geithner yesterday was precisely what the Presidential campaign was about- Note: Comments come in response to the GOP's rejection of the plan yesterday as 'not serious'
01[11:10] {Threei}  believe it or not, but that plan included STIMULUS
[11:10] {dino} 1.7t in taxes + 50b stimulus. he just doesn't get it
01[11:11] {Threei}  can it be that consiracy theorists were right, and he does? and does it deliberately, to finish off the country?
[11:11] {dino} i would rather see cliff than more spending
01[11:11] {Threei}  I just can't think of any plausible explanation
01[11:12] {Threei}  how can anyone in his position, seeing what deficit and debt do to the country continue doubling down on this path
[11:12] {dino} he just doesn't get it
01[11:12] {Threei}  I don't understand how it's possible
[11:13] {dino} egomaniac
01[11:13] {Threei}  hoi poloi might not get it
01[11:13] {Threei}  but he has all information laid out before him
[11:13] {dino} as he says, "i am smarter than my advisors"
[11:14] {Will49} your mistaking him for someone that gives a s***
01[11:14] {Threei}  well, come on
[11:14] {dino} roflol, but you are right will
01[11:14] {Threei}  what president wants his legacy to be destruction of the country
[11:15] {Will49} very few politicians who will do "the right thing". They are focussed on "getting theirs" first
01[11:15] {Threei}  that's normal for the first term
[11:15] {Will49} the "me" generation at work
01[11:15] {Threei}  but second is for legacy
[11:16] {dino} well, he's a socialist, so....
01[11:16] {Threei}  I had tiny sliver of hope that now without another election ahead he might get serious
01[11:17] {Threei}  now, what's the difference between ignorance and apathy?
[11:17] {Will49} is it better to not know? or better to know and not care?
01[11:17] {Threei}  "I don't know and don't care"
[11:18] {Will49} :)
01[11:18] {Threei} Short Setup: CAT  .80 break
01[11:18] {Threei}  hl
01[11:18] {Threei}  If holds  .90
01[11:18] {Threei}  seriously, I want someone of my left-leaning friends to try and explain it to me
01[11:19] {Threei}  how can it be that they want more stimulus now under the disguise of deficit-cutting plan
[11:19] {thomcbell} SPLK looks squeezable
01[11:20] {Threei}  {SPLK} stop with sexual innuendos
[11:20] {dino} you must come to the dark side 3i
01[11:20] {Threei}  1:1
01[11:21] {Threei}  I though I did when I put strong preferences on dark beers
[11:22] {cipher} cvlt l.72
01[11:23] {Threei} Short Setup: GLD  .25 break
01[11:23] {Threei}  If holds  .35
01[11:30] {Threei}  1:1
[11:31] {scottie} +.18 gld tks Vad
01[11:31] {Threei}  1:2, out
01[11:31] {Threei}  awww, too soon
01[11:31] {Threei}  so very too soon
[11:31] {scottie} +.18 cat as well
01[11:31] {Threei}  :)
[11:31] {Will49} .22
01[11:31] {Threei}  CAT 1:2
[11:32] {cipher} avgo l .09
[11:32] {cipher} out .23
[11:36] {dino} gj scott, cipher
[11:36] {cipher} out cvlt .03 +.31
[11:37] {cipher} ty
[11:37] {scottie} tks dino
[11:40] {scottie} OVTI l 15 ?
01[11:41] {Threei}  probably
[11:41] {scottie} in .01
[11:42] {dino} i'm in at .78
[11:42] {Will49} in .01
[11:43] {scottie} from 10:55 I see dino
[11:45] {scottie} don't tell me I'm doing one of your trades
[11:45] {scottie} that's scary
[11:46] {Will49} dino....aren't you bored with a 1 cent spread?
[11:46] {Will49} no adrenalin rush there
[11:46] {dino} yeah, bored out of my mind w/it
[11:47] {scottie} I love boring profitable trades :)
[11:48] {dino} stop to .98 on ovti
[11:49] {Will49} really loved that quick 1:3 on GLD though
[11:50] {dino} out ovti +.20
[11:51] {scottie} gj dino
[11:51] {thomcbell} this FB still very impressive how it holds
[11:52] {nemo} remember Obama speaking at 12
[11:52] {Will49} get the nose plugs ready
[11:52] {nemo} I would be flat if I were you
[11:53] {nemo} Boehner gonna' speak at 12:45
01[11:53] {Threei}  pattern ;lately is dfor the market to sell off when Obama speaks
[11:54] {scottie} out ovti flat
[11:54] {Will49} me too
[11:59] {Will49} see how we follow orders? :)
01[11:59] {Threei}  OK, what are our short candidates in case both speakers fail to inspire
01[12:00] {Threei}  and when I say "fail to inspire" I mean "do as usual"
[12:00] {Will49} AIG?
01[12:00] {Threei}  looks decent
01[12:00] {Threei}  JPM
01[12:00] {Threei}  41 break
01[12:01] {Threei} Short Setup: JPM  41 break
01[12:01] {Threei}  If holds  .10
01[12:03] {Threei} Short Setup: AIG  .10 break
[12:04] {scottie} jpm not in short list
01[12:04] {Threei}  lol... "I already miss the time on the campaign"
01[12:04] {Threei}  campaigner in chief
[12:12] {Will49} looks like a snoozer
[12:12] {Will49} the reaction that is
[12:13] {dino} ]sounds like he's still campaigning
01[12:13] {Threei}  absolutely
01[12:15] {Threei}  die AIG
01[12:15] {Threei}  let's trail to .16
[12:20] {Will49} here comes boner
[12:22] {thomcbell} FB day low
01[12:23] {Threei}  1:1
01[12:24] {Threei}  (US) President Obama: The long-term goal of fiscal cliff talks is to get the deficit under control, believes Democrats and Republicans can work together to solve the problem- Nothing is easy in Washington, DC, expects prolonged negotiations. - Priority is the package of middle class tax cuts. Urges House to pass senate bill that would extend middle-class tax cuts. - Some Republicans in Congress are coming around to my balanced approach.
01[12:25] {Threei}  BALANCED APPROACH??
01[12:25] {Threei}  more stimulus in place of spending cuts?
01[12:25] {Threei}  where is my asteroid
01[12:25] {Threei}  I want off this planet
01[12:26] {Threei}  who's with me, claim your place now but you bring beer
[12:27] {Will49} there's ice on mercury
01[12:27] {Threei}  next round of selling in 20 min when Boehner comes to the mike?
01[12:27] {Threei}  hmmm... that'd be handy with that beer
01[12:27] {Threei}  and we could fry bacon on sunny side
[12:28] {dino} lol
[12:47] {scottie} ABV s .40 ?
01[12:48] {Threei}  yes
01[12:48] {Threei}  Boehner is on
[12:48] {nemo} what did Boehner say?
[12:49] {nemo} nice shakeout
01[12:52] {Threei}  "we are almost nowhere"
01[12:53] {Threei}  (US) House Speaker Boehner: President Obama's proposals will hurt small businesses; reiterates the focus should be on spending; "there is a stalemate" and "right now we're almost nowhere"- Notes that Republicans want a bipartisan solution that can pass through both houses - Says that GOP original framework provided still holds, want to raise taxes through removal of loopholes }- Comments that the GOP is willing to work with the President; finding common ground is better soon rather than later.
[12:57] {scottie} ABV two sided ?
01[12:57] {Threei}  I wouldn't take long on it
01[12:57] {Threei}  doesn't look right
[12:57] {scottie} ok
[12:59] {scottie} ERJ l. 25 ?
01[13:00] {Threei}  aggressive entry
01[13:00] {Threei}  .95 break
[13:02] {scottie} in .96
[13:03] {scottie} stop .87
[13:03] {Will49} with you
[13:03] {Will49} if that makes you feel any better
[13:03] {scottie} let's get them
[13:04] {scottie} I mean THEM
[13:04] {Will49} charge!
01[13:04] {Threei} Short Setup: GLD  166 break
[13:04] {nemo} groundhog day
01[13:04] {Threei}  If holds  .10
01[13:04] {Threei}  THEM be gotten
01[13:04] {Threei}  hmmm... was it english?
[13:04] {Will49} them that has will get
[13:07] {scottie} out ERJ
01[13:08] {Threei}  that was weird
[13:08] {Will49} still in
[13:10] {scottie} Especially designed to shake me out :)
01[13:11] {Threei}  Explosion rocks the Social Security Administration building in Casa Grande, Arizona; no injuries reported
01[13:11] {Threei}  hmmm
01[13:12] {Threei}  1:1 GLD
01[13:16] {Threei}  Obama: not acceptable for 'handful of republicans' to hold middle-class tax cuts hostage to preserve tax cuts for wealthy
01[13:16] {Threei}  what a gross misrepresentation of opponent's position
[13:16] {Will49} out .87
[13:16] {thomcbell} does that ever matter?
01[13:17] {Threei}  1:2, out
[13:19] {dino} ssys drop
[13:20] {scottie} +.19 gld tks Vad
[13:20] {thomcbell} Sissyphus
[13:20] {dino} gco hl l .75
01[13:20] {Threei}  yw
01[13:21] {Threei}  tbell... what?? :)
01[13:21] {Threei}  lol
[13:21] {thomcbell} ssys
[13:21] {dino} jwn hl l .00
01[13:24] {Threei}  wow GLD
01[13:24] {Threei}  can we have a mulligan?
[13:24] {scottie} lol
[13:24] {scottie} will, looks like ERJ managed to shake us both out
[13:25] {Will49} yeah, and because i can only do one trade at a ime, i missed gld
[13:25] {Will49} time
[13:25] {Will49} gotta upgrade laser
[13:25] {Will49} too cheap to buy the pro version
[13:26] {scottie} the worst of both situation :(
[13:26] {Will49} figured id i can't break even doing one trade at a time, would likely die trying to do two
[13:27] {Will49} if
[13:28] {Will49} but...there is gradual improvement...very gradual
[13:31] {thomcbell} splk trying again here
[13:32] {thomcbell} so much for fundies
[13:32] {nemo} is that short for fudged undies?
[13:33] {thomcbell} clearly someone has some of those
[13:34] {thomcbell} look at bid on FB
[13:34] {thomcbell} at 27.27
[13:34] {thomcbell} hehe
[13:37] {thomcbell} short setup fb 27.27 break if holding 27.38
01[13:37] {Threei}  sheesh... trading lesson, for when you have 3 min free: http://goo.gl/JMhEi
[13:40] {dino} out gco +.25
[13:42] {thomcbell} fcx looks decent too
[13:42] {thomcbell} short
03[13:49] * Retrieving #discussions modes...
[13:55] {thomcbell} FB invalidated
[13:55] {thomcbell} looks like it might make a run long
[14:04] {dino} gco hl l .33
[14:18] {dino} jwn to .20
01[14:18] {Threei}  (US) House Minority Leader Pelosi (D-CA): President is prepared to sign the middle class tax cut; if no vote occurs, Democrats will file a 'discharge petition'- Highlights overwhelming support for allowing upper rates to expire - Hopeful talks are not at a stalemate (Note: Earlier Boehner described talks at a stalemate); notes that there was nothing new McConnell's entitlement ideas (McConnell suggested means testing and increase in age eligibility requirements for entitlement programs). - Note: A 'discharge petition' would bring the bill to the floor without cooperation of the leadership (Note: Earlier Hoyer requested the House vote on the Presidents bill to extend tax rates for earnings under $250K, a request which was rebuffed by House Republican leadership)
[14:21] {dino} jwn to .24
[14:23] {dino} to .28
[14:24] {scottie} RHI s 28 ?
01[14:25] {Threei}  probably but we need market to reverse for that
[14:25] {scottie} I see
[14:25] {dino} to .32
[14:26] {dino} markets want up
[14:26] {dino} out jwn .32, +.32
[14:26] {scottie} great dino
[14:26] {dino} thx scott
[14:31] {scottie} in .99 stop .08
[14:35] {dino} pbm drop, gap around 5.90
[14:42] {scottie} stop .05
[15:03] {scottie} out
[15:03] {scottie} 1 cent from 1:1
[15:04] {dino} thing doesn't move much
[15:11] {dino} yum hl l .01
[15:16] {dino} mygn drop
01[15:17] {Threei}  trying to get a feel for the last play
01[15:18] {Threei}  fairly decent day as it is, but I am greedy sob
[15:19] {cipher} +.72 mygn thx dino
01[15:19] {Threei}  wtg
[15:19] {dino} gj
[15:19] {dino} .28 hl l mygn
[15:20] {cipher} got out too soon
[15:20] {cipher} is it halted?
[15:20] {dino} out mygn 29.34, +1.06
[15:21] {cipher} stopped trading
[15:21] {dino} i'm out 15:20:01
[15:21] {cipher} I'm out too
[15:21] {dino} was in 15:19:10
[15:22] {cipher} they halted it right after it came back up
01[15:22] {Threei}  yes
01[15:22] {Threei}  circuit breaker
[15:22] {dino} supreme court accepts appeal
[15:22] {dino} mygn
01[15:23] {Threei}  -Myriad Genetics Inc Generic drug makers said to be granted Supreme Court review in Myriad gene patent case - financial press **NOTE: on March 26, Supreme Court of the United States remanded the case of The Association for Molecular Pathology, et al., v. Myriad Genetics, Inc., et al (Docket No. 11-725) to the Federal Circuit Court of Appeals, to reconsider their decision dated July 29, 2011, which upheld Myriad's gene patents. -
[15:24] {dino} glad we got out cipher
[15:24] {cipher} yep
[15:25] {dino} i'll see if i can find us one more before close
[15:25] {dino} mygn open, dropping
[15:27] {dino} yum stop -.11
01[15:32] {Threei} Short Setup: MSFT  .50 break
01[15:32] {Threei}  If holds  .60
01[15:37] {Threei}  Some Suggesting Mitt Romney for Treasury Sec - CNBC
01[15:37] {Threei}  must be a joke
[15:38] {nemo} geez...he'd be able to liquidate all his positions and not pay capital gains
[15:38] {dino} lol
[15:38] {nemo} that's what Paulsen did
[15:40] {dino} i cannot imagine obummer bringing his biggest rival into the click
[15:40] {nemo} sure...keep your friends close, keep your enemies closer...
[15:41] {Will49} or even into the clique
[15:41] {nemo} yeah, I leave dino alone on that stuff
[15:41] {nemo} Dino's the black sheep I don't pick on
[15:41] {dino} lol nemo, you know me thick skinned
[15:42] {nemo} Yeah, but for some reason I don't
[15:42] {nemo} It may be you don't stick your chin out enough
01[15:42] {Threei}  if Mitt agrees to this, I'll loser whatever respect I had him
[15:42] {dino} i know. you band i are long timers here buddy
[15:43] {nemo} yeah, it's been a little while
01[15:43] {Threei}  becoming a figurehead legitimizing the administration while not being able to implement any of your views
[15:43] {dino} think vads only one here longer
[15:43] {nemo} @Alert and Raven, when he shows up
[15:43] {Will49} and here the new guy has the termidity to trash one of you
[15:43] {Will49} my my
[15:44] {nemo} I'll take this one:  even temerity
[15:44] {Will49} temerity
[15:44] {Will49} beat you :)
[15:44] {nemo} check again
[15:44] {dino} it's called reality trading typing
01[15:45] {Threei}  where "beer" replaces "bread" and is not even considered a mistype
[15:45] {dino} and really, i would think obummer would want romney at least a click away, :)
[15:45] {Will49} termidity = being an ahole during periods of high humidity
[15:45] {dino} roflol
[15:45] {nemo} amazing how everything is basically at vwap and pivot
[15:45] {dino} i'm thanking you nemo, that vwap site has helped me a lot
[15:46] {nemo} but they look like a drop
[15:46] {nemo} it's amazing how often stocks make runs for them, and the indexes do it on a daily basis
[15:46] {nemo} Institutions are paid by making vwap for clients
[15:46] {nemo} so it's a natural draw
[15:46] {dino} ahh
01[15:47] {Threei}  it started with what nemo said,
[15:47] {dino} you are much more educated in the indicators than i
01[15:47] {Threei}  then added factor appeared when some trading strategies started incorporating this
[15:47] {nemo} pivot levels have been around forever
01[15:48] {Threei}  yes, but VWAP is relatively recent
[15:48] {nemo} yes
01[15:48] {Threei}  not sure exactly, but I'd think within last decade
[15:53] {dino} calling it a day. thx all, tougher one, ut still profittable. thx all for ideas
[15:54] {dino} ut=but
01[15:54] {Threei}  Thank you all
[15:54] {Will49} have a great weekend eveyone
01[15:54] {Threei}  have a great weekend
01[15:54] {Threei}  see you Monday
[15:54] {scottie} See you all monday, tks
[15:54] {nemo} wow 3billion buy imbalance spy on close
[15:55] {nemo} spy going for the 50 sma.  New mutual fund money monday, probably gap up