Session Time: Tue Dec 04 00:00:00 2012
[08:57] {dino} gm
01[08:57] {Threei} dino :)
[09:01] {cipher} gm
01[09:03] {Threei} cipher :)
[09:10] {scottie} good morning
01[09:10] {Threei} scottie :)
[09:18] {Will49} Good morning :)
[09:20] {Beau} good morning all
01[09:20] {Threei} will, beau :)
01[09:23] {Threei} TSLA Immigration and Customs Enforcement (ICE) probing firm over use of foreign trade zone status
01[09:24] {Threei} what is it with alt energy companies??
[09:25] {dino} ueps drop, fbi investigation
01[09:26] {Threei} (US) Preview: Nov ISM New York expected at 09:45 ET (14:45 GMT)- No analysts estimates **The Oct reading was a 12-month low with responses collected before Hurricane Sandy, so Sandy had no impact on the reading
01[09:29] {Threei} LVS and FB on watch
01[09:30] {Threei} FB, wait for bounce to short
[09:32] {dino} ueps hl l .65 risky
[09:33] {nemo} wow...if dino calls it risky...sheesh
01[09:33] {Threei} hehe
01[09:33] {Threei} it must have teeth, machine gun and grenade launcher
01[09:34] {Threei} Short Setup: FB .10 break
01[09:34] {Threei} If holds .20
01[09:34] {Threei} change to .20
01[09:35] {Threei} change to .25
[09:35] {nemo} pivot .63
01[09:35] {Threei} If holds .35
01[09:36] {Threei} no go
01[09:37] {Threei} Short Setup: LVS .20 break
01[09:37] {Threei} If holds .30
01[09:38] {Threei} heh
01[09:38] {Threei} 1:1 but good luck getting it
01[09:38] {Threei} or exiting, lol
01[09:38] {Threei} that was weird teleportation both ways
01[09:39] {Threei} FB rinse
[09:39] {scottie} too fast to take 1:1, out at .35 :(
01[09:39] {Threei} wow... I can't believe you got in
[09:39] {dino} ueps stop
[09:40] {scottie} hit the button when it was at .20 and order filled at .18
01[09:41] {Threei} let's see if FB gives double top
01[09:42] {Threei} around .30
01[09:45] {Threei} waiting out ISM now
01[09:45] {Threei} (US) Nov ISM New York: 52.5 v 45.9 prior
[09:45] {cipher} sina l.80
01[09:45] {Threei} Short Setup: SLW .90 break
01[09:46] {Threei} If holds 36
[09:46] {dino} ueps hl l .20 stop lod
01[09:47] {Threei} stop .96 now
01[09:47] {Threei} 1:1
[09:48] {cipher} out sina .58 -.22
01[09:50] {Threei} Short Setup: FB 27 break
[09:50] {cipher} trip l .72
[09:51] {cipher} out trip .00 +.28
01[09:51] {Threei} Invalidated
01[09:52] {Threei} Short Setup: GLD .40 break hl
01[09:52] {Threei} If holds .50
01[09:52] {Threei} target 1:3
01[09:55] {Threei} change to .50 break
[09:56] {dino} ueps stopped again, done w/it for now
01[09:58] {Threei} target is still 1:3
01[10:01] {Threei} scratch GLD
01[10:01] {Threei} doesn't act right
01[10:02] {Threei} Long Setup: FCX .65 break
[10:02] {nemo} lvs
01[10:02] {Threei} If holds .55
01[10:03] {Threei} Long Setup: LVS .55 break
01[10:03] {Threei} If holds .45
01[10:03] {Threei} target 1:3
01[10:04] {Threei} 1:1
01[10:04] {Threei} FCX target 1:2
[10:05] {dino} gco hl l .02
01[10:06] {Threei} LVS scalpers win
01[10:07] {Threei} I could swear this thing was going to rocket
01[10:07] {Threei} nothing but clear sky to about .90
01[10:07] {Threei} must be a rinse
01[10:07] {Threei} yup
01[10:07] {Threei} *&^#)^
01[10:07] {Threei} FCX 1:1
01[10:08] {Threei} LVS 1:2, add your own expletive
01[10:08] {Threei} 1:3, add another
[10:10] {dino} out gco .50, +.48
01[10:10] {Threei} wtg
[10:10] {dino} ty
[10:11] {dino} whats up w/sina, bidu?
[10:12] {nemo} news story about fraudullent chinese stocks tainting everything
01[10:12] {Threei} right, not stock specific
01[10:12] {Threei} rather country specific
[10:12] {dino} thx
[10:16] {thomcbell} very nice on lvs vad
01[10:16] {Threei} if not count the second half rinse
[10:16] {nemo} i'm chopped liver
[10:16] {dino} bidu sm l .50 trig
[10:17] {thomcbell} u culled a nice setup
[10:18] {thomcbell} - this market is a prime time for "trade what you see"
[10:18] {nemo} er....
[10:18] {nemo} what market isn't?
[10:19] {thomcbell} true but those who arent doing it right now havent a chance
01[10:21] {Threei} Short Setup: FCX .60 break
[10:24] {dino} bidu stop -.30
01[10:25] {Threei} 1:1
[10:27] {dino} bidu rinse-r-oni
[10:29] {Will49} tks Vad +.14
[10:29] {Will49} too soon:(
01[10:30] {Threei} a little... no news
01[10:30] {Threei} looking at fiscal cliff negotiations, I see none
01[10:31] {Threei} Obama simply wants to finish off republicans by going over the cliff, putting blame on them, then cutting taxes for under 250K
01[10:32] {Threei} and since broad public pays no attention and has no idea whnat's really going on, it will work
[10:32] {Will49} talk about throwing the country under the bus!
01[10:32] {Threei} if this theory is right, we need to trade accordingly - short side will prevail for the December
01[10:33] {Threei} in his eyes he is saving it, will... by slaying dragons
[10:33] {Will49} deluded by power
[10:33] {dino} dk, just trade the tape
01[10:34] {Threei} tape doesn't tell you much these days unless you put it in context of the background
01[10:34] {Threei} by background I mean the developing story
[10:34] {dino} if that were true, i wouldn't be here. most things i trade i don't even know name or what they do
01[10:35] {Threei} lol
01[10:35] {Threei} it's true for individual names
01[10:35] {Threei} I am talking about mnarket in general
[10:35] {dino} synt drop
[10:35] {robbers} out fcx @ .43, thanks.
01[10:35] {Threei} yw
[10:35] {Will49} good patience robbers
[10:35] {dino} lately 3i, its just noise, less i hear better i do.
[10:36] {dino} radio on, tv off
[10:36] {Will49} yeah... jazz
01[10:39] {Threei} Short Setup: CAT .30 break
01[10:39] {Threei} hl
01[10:39] {Threei} .c .40
[10:47] {dino} rrc drop
[10:48] {dino} hl l .72 rrc
01[10:51] {Threei} CAT should drop fast now
01[10:51] {Threei} 1:1
01[10:52] {Threei} (US) US Rep Hoyer (D-MD) highlights that the GOP counterpropsal yesterday was lacking on details regarding specific deductions it would like to end in order to raise revenue
[10:52] {dino} out rrc .03, +.31
01[10:53] {Threei} (US) Fed's Tarullo: More research is needed on large bank size; no comment on monetary policy- Notes that caution is needed regarding any return to Glass Steagall framework
01[10:53] {Threei} I would be interested to hear why
[10:57] {nemo} Qs Finnies SPY sitting on weekly pivot, iwm at the 50 sma
[11:05] {scottie} volc l .50 ?
01[11:06] {Threei} chart's rioght, SPY's dropping...
01[11:06] {Threei} I think so if stays here and then SPY bounce props it above .50
[11:06] {scottie} then it shouldn't trigger ?
01[11:07] {Threei} it would be nice, but this kind sometimes triggers as a matter of setting the trap
[11:09] {robbers} out cat at .9, thanks.
01[11:09] {Threei} :)
[11:10] {robbers} Has ese been here today?
01[11:10] {Threei} no
[11:12] {dino} cbrl hl l .70
[11:17] {dino} mlnx heck of a weekly chart
01[11:25] {Threei} - The House Republican's fiscal cliff counter offer yesterday afternoon has met with a predictably tepid response from the Democratic side, with the White House calling the plan "lacking in balance." More interestingly, right-wing House conservatives are also attacking House Speaker Boehner for offering any new revenue at all, suggesting a split in the Republican camp.
01[11:26] {Threei} who remembers serial disapponter GERN?
[11:26] {dino} me
[11:26] {nemo} yum
01[11:26] {Threei} looked at it recently? :)
01[11:26] {Threei} - Shares of Geron tanked last night after the firm said it would discontinue development of its brain cancer drug candidate and lay off around 40% of its workers. The firm said it would concentrate on developing blood cancer treatment imetelstat. GERN is down 29%.
[11:26] {dino} no
01[11:26] {Threei} under 1
[11:27] {dino} wow
01[11:27] {Threei} popped above
01[11:27] {Threei} remember its heroic rallies, lol
01[11:27] {Threei} "fountain of youth" was the headline sending it to triple in two days
01[11:31] {Threei} Thousands without power on Vancouver Island this morning as wind warning continues
01[11:31] {Threei} hmmm... there is some wind but nothing outstanding
01[11:31] {Threei} maybe ese is without power?
[11:31] {Will49} blowing pretty good down here at clover point
01[11:33] {Threei} yup, one of outages is in Oak Bay
[11:35] {Will49} had a couple of 80KM gusts at Sir James Douglas weather station
01[11:35] {Threei} crap... I should have stay silent... light's flickering
[11:36] {Will49} too much vodka already
[11:39] {Will49} fyi nemo: tks for putting me onto freestockcharts. really adds another dimension
01[11:39] {Threei} OK... I need to look at it
[11:39] {Will49} bought a second monitor just for them
01[11:39] {Threei} you all get another dimension, I alone stay flat, one dimensional... feeling left behind
[11:40] {Will49} poor Vad :(
01[11:41] {Threei} (EU) Vague rumors about a German ratings downgrade have circulated for the last two days in the "Twittersphere"- Markets have not reacted to the rumors but the velocity of the rumors have picked up today, with the speculation widening to potential downgrades of the remaining AAA rating Euro Zone nations, Germany, Netherlands, and Luxembourg (but not Finland). The rumors seem to stem from Moody's recent downgrade of France which was followed by a downgrade of the EFSF/ESM Aaa rating
[11:41] {Will49} flickering lights, no vodka and outdated charts
01[11:41] {Threei} life's tough
[11:54] {dino} moodys investor services revised from stable to negative germany
01[11:54] {Threei} that was on 7/23
[11:55] {dino} today according to doug kass real$
01[11:55] {Threei} he is mixing something
[11:55] {nemo} what up with wmt today
[11:55] {dino} dk
01[11:56] {Threei} 7/23: Moodys revised outlook of Germany, Netherlands, and Luxembourg to negative from stable.
[11:56] {dino} hmmm
01[11:56] {Threei} now we are talking about possible downgrade
[12:16] {dino} mlnx hl l .00
[12:28] {dino} out mlnx .70, +.70
[12:29] {Beau} dino, how wide a stop do you use with the mlnx type?
[12:30] {dino} .30-.35
[12:31] {dino} it was half lot
[12:31] {Beau} thx
[12:31] {dino} np
01[12:32] {Threei} (US) President Obama: Reiterates not expecting to get 100% of everything he wants in negotiations, happy to look at changes in entitlement programs as part of deal- Reiterates no fiscal cliff deal without higher taxes on the rich - Notes that the economy should take off following a deal on the fiscal cliff - Cant agree on a deal that only has 'vague' revenue increases; Boehner deal remains 'out of balance'
01[12:45] {Threei} Obama: eyes "end" or "fall" of 2013 for more comprehensive tax/entitlement reform that's just "not going to happen" in next 2 wks
01[12:45] {Threei} anyone believes it's going to happen at all?
[12:46] {dino} gco hl l .75 stop .54
01[12:49] {Threei} if SPY gathers strength and starts uptrending, watching LVS for .50 break
01[13:07] {Threei} aparently not anymore
01[13:07] {Threei} however...
01[13:07] {Threei} Short Setup: GLD 164 break
01[13:12] {Threei} (US) House Speaker Boehner (R-OH) and the Republican steering commitee have removed 3 deficit hawks from their seats on some committees - The HillJustin Amash (R-MI), Tim Huelskamp (R-KS), and Rep. David Schweikert (R-AZ) removed from their seats on commitees
01[13:12] {Threei} huh
[13:22] {scottie} out .02, went to 1:1 tks Vad
01[13:30] {Threei} :)
[13:34] {cc_8} Stocks Hitting 52-Week HighsPosted on: Tuesday, December 4, 2012 - 10:05am Adobe Systems (NASDAQ: ADBE) shares gained 1.33% to create a new 52-week high of $35.16. Adobe is scheduled to announce major updates to Adobe® Creative Cloud™
[13:35] {scottie} FSC s .30 ?
01[13:35] {Threei} probably... a bit too narrow for my taste
[13:36] {scottie} tks
[13:37] {dino} out gco ave .025, +.275
[13:47] {scottie} GPS l .90 ?
01[13:48] {Threei} hl
01[13:48] {Threei} can be kipmy
01[13:48] {Threei} jumpy
[13:49] {dino} lol
[13:49] {scottie} missed entry
[13:51] {nemo} interesting, no capitulation volume spikes in spy on down bars
[13:51] {nemo} today that is
[13:52] {scottie} in .91
[13:57] {scottie} stop .84
01[13:58] {Threei} Long Setup: LVS .30 break
01[13:58] {Threei} If holds .20
[13:58] {nemo} market should pullback here
01[14:00] {Threei} as if it could be any different, (US) House Speaker Boehner (R-OH): Obama's plan could not pass either Congress; Obama should provide a plan with more middle ground"
[14:04] {dino} they act like a bunch of kids trying to run the country
[14:05] {scottie} gps rinsed
[14:05] {dino} lmca drop
[14:07] {dino} sm l .89
[14:08] {dino} stop -.38
01[14:13] {Threei} let's take scalp LVS
01[14:13] {Threei} tiny as it is, SPY doesn't look right anymore
[14:17] {dino} lmca sm l .85
[14:21] {thomcbell} weird break ther eon fb
[14:38] {thomcbell} slw - short setup 36.20 break if holding 36.30
01[14:53] {Threei} Long Setup: CAT .10 break hl
01[14:54] {Threei} If holds 84
01[15:05] {Threei} 1:1
01[15:07] {Threei} 1:2, out
01[15:07] {Threei} nice and easy
[15:07] {Will49} tks Vad
[15:07] {scottie} +.20 tks Vad
01[15:07] {Threei} :)
[15:23] {thomcbell} ccovered rest of slw here
01[15:26] {Threei} good one
[15:28] {thomcbell} tu
[15:29] {nemo} C&H 15 min charts IWM SPY Finnies
[15:38] {nemo} jeez...gmcr today
[15:39] {nemo} gmcr
[15:39] {thomcbell} feel like FB is a short break at 27.40 Vad if holding 27.50
01[15:39] {Threei} I like it
[15:40] {nemo} vwap at .32
[15:40] {thomcbell} good point
[15:41] {nemo} if market drops it'll go well, but...not sure, you're in congestion zones where they might like to hold the market
[15:41] {nemo} imo
[15:41] {thomcbell} it being a momentum favorite the move could be sizeable if "They" become spooked
[15:42] {nemo} just be ready for a bounce there
01[15:42] {Threei} OK, I opened fsc
01[15:42] {Threei} I see FB vwap at .32
[15:42] {nemo} hahahahahahahahah
01[15:42] {Threei} what else should I watvch?
[15:42] {nemo} dead people?
[15:42] {dino} hey
01[15:42] {Threei} nah, that's dino's
[15:43] {nemo} o.k. level of vodka drop in the bottle
01[15:43] {Threei} why would I encroach his territory
[15:43] {nemo} geez dino..don't get panties in a bunch...sheesh
[15:44] {dino} lol
01[15:44] {Threei} btw... vwao creeps up over last few hours
01[15:44] {Threei} what does it tell us?
[15:45] {thomcbell} could be 2 sided too - lol
[15:45] {thomcbell} 0.40 or 0.50
01[15:48] {Threei} ok, anyone is up to educate me? what do I wacth on this site and how do I use this?? :)
[15:49] {dino} i use it for s & r levels and vawap atacks
01[15:50] {Threei} so, FB indicates vwap at .32 and pivot at .63
01[15:50] {Threei} what's the working assumption? that it's likey to retrace fronm .63, and attemot to touch .32?
[15:50] {dino} unless it makes a higher high
01[15:51] {Threei} yeah, I am fine with all the ifs, buts and unlesses, just want to understand the baeline scenario
01[15:51] {Threei} baseline
[15:51] {nemo} notice how it's been above vwap since 11:15 working assumption is it stays that way as vwap is support
[15:52] {dino} i'm still in lmca, ask nemo
[15:53] {nemo} it's bounced off it 4 times
[15:53] {dino} look lmca vwap keeps swatting it down
[15:54] {nemo} that is iffy 106.50 is resistance 38.2 retrace
[15:55] {dino} can't get there
[15:56] {nemo} lower high
[15:56] {nemo} but it was a bounce off vwap
[15:56] {dino} f#ck
[15:57] {nemo} btw...if you do a fib retrace from the 11/15 low to yesterday's high, you
[15:57] {nemo} you'll see it confluences right at 106.50ish
[15:58] {nemo} see that dino?
[15:58] {dino} yes
[15:58] {nemo} can't go long that puppy until it breaks 106.50
[15:58] {nemo} or you pick it up probably around 104.80-105
[15:58] {dino} in 104.85
01[15:59] {Threei} OK guys, before you go, let me inspire you for a pleasant evening: http://goo.gl/lwI1I
[15:59] {nemo} take your profits like a man and gtfo!
01[15:59] {Threei} decent day
01[15:59] {Threei} thank you all, have a great evening, see you tomorrow
01[15:59] {Threei} dino, time's running out
[15:59] {scottie} gn all, day off tomorrow, see you thursday
[15:59] {dino} out .65, +.80
01[15:59] {Threei} whew
01[16:00] {Threei} you don't want this overnight :)
[16:00] {dino} no
[16:00] {Will49} TTFN guys
[16:00] {dino} just pissed because i had 106.05 and was late
[16:01] {nemo} whoa, fat finger on the close lmce, lmca look at that
