Oct 19 2011

(Participation in the room in real time requires membership)

Another great day with a lot of nice winning trades ranging from 1:1 to 1:4. As soon as market gets out of that "slow creep-up" mode, we are in our element.


Session Time: Wed Oct 19 00:00:00 2011
[08:30] {Threei}  US) SEPT CONSUMER PRICE INDEX M/M: 0.3% V 0.3%E
[08:30] {Threei}  *(US) SEPT HOUSING STARTS: 658K V 590KE; BUILDING PERMITS: 594K V 610KE
[08:48] {Threei}  ok... sit around, don't sit around, at some point gotta start (as huge drunkard at Russian wedding said before hitting sitting next to him in the ear)
[08:50] {swill} gentlemen, start your engines
[08:51] {Threei}  shhhhh... for nemo it's a signal to start pouring whiskey in his throat as a fuel
[08:51] {nemo} what do you have one of those biodiesel's running on cooking fat, swill?
[08:51] {nemo} vodka
[08:51] {swill} lol
[08:53] {swill} caffeen for me
[08:53] {Threei}  well, per ese caffein works too - when taken intravenously
[08:54] {swill} have you seen the movie, limitless.  Like that
[08:54] {Threei}  no... new one?
[08:54] {swill} four weeks ago I think
[08:56] {Threei}  unless we are talking new Bond movie, I am usually running with big delay on new releases... :)
[08:57] {swill} I'll loan it to you
[08:58] {Threei}  thanks... I'll whistle when ready :)
[08:58] {Threei}  or scream
[08:58] {swill} lol
[08:59] {Threei}  http://www.facebook.com/photo.php?fbid=276100932424589&set=a.237133656321317.63196.235739863127363&type=1&theater
[09:01] {swill} seems they will have slow growth there
[09:02] {Threei}  slow growth?
[09:02] {Threei}  rofl
[09:02] {Threei}  that's one way to name a crash
[09:02] {swill} lol
[09:03] {swill} btw, what set up were you using yesterday vad?
[09:03] {Threei}  ?
[09:04] {Threei}  for what?
[09:04] {swill} did you mention a pattern in the chat room
[09:04] {Threei}  not sure what you mean... there were 5 calls
[09:05] {Threei}  each was different setup
[09:05] {swill} ok, I missunderstood.  thanks
[09:07] {ese} morning
[09:07] {Threei}  ese, we were just talking about you
[09:08] {Threei}  [08:53] {swill} caffeen for me
[09:08] {Threei}  [08:53] {Threei} well, per ese caffein works too - when taken intravenously
[09:08] {ese} oh oh
[09:09] {ese} ya .....what can i say....i like keep a hypodermic around for cafine injection in the morning
[09:09] {swill} lol
[09:16] {dino} gm all
[09:16] {Threei}  dino :)
[09:22] {ese} d
[09:26] {RonS} hello everyone...
[09:27] {Threei}  ron :)
[09:28] {_tarkus62} gm all
[09:28] {Threei}  tarkus :)
[09:28] {Threei}  targeting FCX for short
[09:28] {Threei}  half lot
[09:28] {larisa} gm :)
[09:28] {_tarkus62} k cool
[09:28] {Threei}  larisa :)
[09:29] {ese} tarkus buddy.......i shop at your stores alot.......
[09:29] {ese} opps sorry thats target.........my mistake
[09:29] {_tarkus62} lol
[09:30] {ese} welcome to the board.........
[09:30] {Threei}  SLW too
[09:30] {Threei}  FCX bounces
[09:31] {Threei} Short Setup: FCX  .40 break
[09:31] {Threei}  invalidated of course
[09:31] {nemo} hehehehehe
[09:31] {Threei}  change to .80
[09:32] {Threei}  .90
[09:32] {Threei}  if stays under 36
[09:32] {Threei}  got .87
[09:33] {Threei}  half out
[09:33] {Threei}  .67
[09:33] {Threei}  out in full
[09:33] {Threei}  .45
[09:33] {Threei}  whew
[09:34] {dino} gj
[09:34] {Threei}  missed SLW meanwhile
[09:34] {cipher} wow
[09:34] {_tarkus62} nice
[09:34] {cipher} thx 3i
[09:34] {Threei}  welcome sir
[09:34] {Threei}  awww, too soon
[09:34] {Threei}  look at this
[09:34] {thomcbell} molto bene Three
[09:34] {Threei}  :)
[09:35] {cipher} rollecoaster
[09:35] {cipher} thank god for hot keys
[09:36] {Threei}  ugh SLW
[09:36] {Threei}  this one seriously got away
[09:36] {Threei}  ok, don't get scared but
[09:36] {Threei} Short Setup: FCX  35 break
[09:36] {Threei}  half lot
[09:37] {Threei}  invalidated for now but will stay on radar
[09:37] {dino} aem sm l .65
[09:37] {Threei}  actually... maybe aggressive entry
[09:37] {Threei}  .10 break
[09:37] {Threei}  stop above .20
[09:38] {Threei}  invaidated too
[09:38] {dino} stop -.22
[09:40] {dino} rinsed
[09:40] {Threei} Short Setup: WFC  .10 break
[09:40] {Threei}  if stays under .20
[09:41] {Threei}  target 1:2, two partials
[09:41] {Threei}  1:1
[09:42] {Threei}  stop to .11 of course
[09:43] {Threei} Long Setup:  RIMM  .95
[09:43] {Threei}  if stays above .85
[09:45] {Threei}  invalidated
[09:45] {Threei}  WFC target hit
[09:48] {Threei} Long Setup:  RIMM  .80 break
[09:49] {Threei}  if stays above .70
[09:50] {Threei}  let's trail to .74
[09:50] {Threei}  looks good but it's RIMM, want to keep it on a tight leash
[09:52] {Threei}  market sharp red bar
[09:52] {Threei}  out
[09:53] {Threei} Short Setup: GS  104 break
[09:53] {Threei}  small shares
[09:53] {Threei}  stop above .20
[09:53] {Threei}  no worky
[09:54] {Threei}  crap, we missed that FCX 35 short
[09:54] {dino} aem capit
[09:55] {RonS} flood and mine closing...
[09:55] {RonS} not going near it
[09:56] {cipher} aem good one thx dino!
[09:56] {dino} gj
[09:58] {Threei} Long Setup:  LVS  45 break
[09:58] {Threei}  if stays above .90
[09:58] {Threei}  target 1:3
[09:58] {Threei}  3 partials
[09:59] {Threei}  1:1
[09:59] {Threei}  stop to .98
[09:59] {dino} cma sm l .60
[10:00] {Threei}  1:2
[10:00] {Threei}  % of deaf, blind and stupid if determined:
[10:00] {Threei}  is
[10:00] {Threei}  6% Rate U.S. Economy As Good or Excellent
[10:01] {dino} cma stop -.12
[10:01] {cipher} wow AEM
[10:02] {Threei}  done with LVS
[10:02] {cipher} stepping out... need to change my diapers :-)
[10:02] {Threei}  lol
[10:04] {Threei} Short Setup: FCX  .60 break half lot
[10:04] {Threei}  stop above .70
[10:04] {Threei}  aggressive entry for .50 break
[10:04] {Threei}  no go
[10:05] {ese} dino you out of aem
[10:07] {dino} no
[10:07] {Threei}  wow LVS
[10:07] {Threei}  ca I have mulligan?
[10:08] {dino} got out long time ago 48.43
[10:08] {dino} did not re enter yet
[10:08] {dino} cma rinsed
[10:09] {RonS} in cma .52 ave
[10:10] {RonS} target .94
[10:12] {RonS} out .94 +.42 ese size...u da man dino
[10:13] {dino} wtg
[10:15] {nemo} apkt
[10:15] {Threei} Short Setup: FCX  35 break
[10:16] {Threei}  stop above .10
[10:16] {Threei}  target 1:2, 1:3
[10:18] {ese} nice one ron!!!!!!
[10:18] {Threei}  let's scratch it here
[10:18] {Threei}  yup
[10:18] {Threei}  something didn't look right
[10:21] {ese} L STX .19
[10:24] {Threei}  wow
[10:24] {ese} i'll say......6th sense there vad
[10:26] {dino} csh l break .00
[10:27] {ese} stx 1/2 out .31 +.12
[10:27] {dino} nxpi l .65
[10:30] {Threei}  *DOE CRUDE: -4.73M V +1.5ME; GASOLINE: -3.3M V -1.5ME; DISTILLATE: -4.27M V -1.5ME; UTILIZATION: 83.1% V 83.6%E
[10:31] {ese} out stx full .46 +.27....good enough  1k/1k ron
[10:31] {dino} gj
[10:31] {ese} tks
[10:32] {ese} am eyeing aem
[10:35] {dino} out nxpi +.03
[10:35] {cipher} long or short ese?
[10:40] {ese} am thinkin long
[10:40] {ese} depends on this bounce
[10:41] {ese} classic dino in at .00 maybe
[10:42] {ese} in .01 aem
[10:42] {cipher} nice
[10:43] {ese} out 1/2 avg .21
[10:43] {ese} break even balance
[10:44] {ese} stop to .15
[10:44] {dino} gj
[10:44] {ese} .20
[10:45] {ese} daaaaaaaaaa stopped .19 +.18
[10:45] {RonS} nice management...gj
[10:46] {Threei}  very
[10:46] {Threei}  refined way to trade
[10:46] {ese} must apologise that was not classic dino........his would have been +1.50
[10:46] {dino} not today,getting rinsed alot
[10:46] {Threei}  well, that's the difference between man and dinosaur... SIZE!
[10:46] {dino} thats what she said
[10:46] {RonS} ya but there is dino size, then there is ese size
[10:47] {RonS} lol
[10:47] {ese} that went 1k/1k ......no biggie
[10:48] {ese} STX still staying strong may go in there again sm
[10:48] {RonS} ...freakin 1%'er...
[10:49] {Threei}  lol
[10:49] {ese} ya but don't forget.......these thing can go against ya faster big time
[10:50] {dino} cma l .55
[10:50] {RonS} true 'dat...'specially a mining stock w/ a closed flooded mine
[10:50] {ese} definite;ly
[10:52] {RonS} btw for canuckian education:  true 'dat is a cajun expression
[10:52] {ese} like i said before....it's just cruise control these days....am not likely to be doing 10k/15k like iwas doing3 years ago......chuck a dart at a stock.....thats the one going up
[10:53] {dino} you're a piece of work ese
[10:53] {ese} spring 08/09? hmmmmm can't remember
[10:53] {RonS} ...and fwiw cajuns are French Arcadians captured and transported to Lousiana by the Bristish in the early 18th century
[10:54] {Threei}  Ron... this is slippery slope: a few days more and you are going to start speaking Swahili with us
[10:54] {RonS} ...that's the main reason Louisiana is so weird
[10:54] {ese} I shoulda stayed there.......would have had a better chance at playing music for a living in New Orleans
[10:55] {dino} we all have shoulda's
[10:55] {RonS} for me plus woulda's and shoulda's
[10:55] {ese} dats fur shuah
[10:55] {RonS} sorry coulda's
[10:57] {ese} ya like.....I shoulda made to Mertle to golf with dino
[10:57] {ese} thats still on the hit list
[10:58] {dino} ;)
[10:58] {dino} cma stop -.09
[10:59] {ese} gotta do that before my shoulders can't turn a full 90 degrees to hit a golf ball prpperly
[11:00] {RonS} seen many codgers that does not hurt their game much
[11:00] {dino} too much tequila on this last trip, was hurting couple days
[11:01] {dino} air pocket drop
[11:01] {dino} wtf cma rinsed again, that makes 3
[11:03] {RonS} dunno if i will play it but knl reported great qtr and look...
[11:05] {dino} think we have to
[11:08] {RonS} At least 14 police officers hospitalized with injuries in clashes with Greek demonstrators
[11:09] {nemo} funny, width of my window breaks up the words so it says "clashes with Greek demons"
[11:09] {dino} lol
[11:09] {dino} knl l .55
[11:17] {nemo} sina
[11:18] {RonS} sohu
[11:18] {RonS} chinese burrito stock...dang, etc
[11:21] {dino} knl stopped, sheesh
[11:24] {Threei}  EU's Van Rompuy: might have to consider changing unanimity rules for making euro zone decisions; all EMU countries should yield some sovereignty as part of greater integration
[11:24] {Threei}  heh
[11:24] {dino} lol
[11:24] {dino} lets see that pass a vote
[11:24] {RonS} these guys chewing peyote over there?
[11:24] {nemo} WHERE???
[11:25] {ese} just dropped the kids off at school and now I gotta go.....cya tomorrow
[11:26] {Threei}  take care ese
[11:26] {dino} cya ese gj
[11:28] {dino} last try cma sm l .39
[11:38] {RonS} sm l knl .93
[11:38] {cipher} me too in knl .95
[11:40] {cipher} stopped
[11:41] {dino} sm l .76 knl
[11:46] {dino} cma to flat
[11:56] {dino} knl stopped.
[11:56] {dino} taking a break, i suck today
[11:59] {cipher} l knl .12
[12:00] {cipher} out partial .39
[12:03] {Threei}  nice
[12:05] {cipher} out another partial at .49
[12:06] {RonS} knl l .40 ave
[12:06] {Threei}  getting back in the groove, cipher :)
[12:07] {cipher} seems like it
[12:10] {cipher} misjudged my last exit knl only got 100 filled at .60
[12:13] {cipher} here we go out rest +.48
[12:13] {Threei}  wtg
[12:13] {dino} apkt sm l .00
[12:14] {dino} wtg cipher
[12:14] {cipher} thx
[12:18] {cipher} first positive day for me
[12:18] {RonS} out knl .68 +.28 ese size
[12:18] {cipher} I will leave while ahead
[12:18] {cipher} take care cu tomorrow
[12:19] {RonS} cya cipher and thanks...best day in months for me...
[12:19] {dino} cya cipher
[12:20] {Threei}  take care cipher, gj
[12:20] {Threei}  not bad, a few days after starting out
[12:39] {Threei}  declaration draft by OWS says:
[12:39] {Threei}  4. A complete lifetime ban on accepting all gifts, services, money, directly or indirectly, to any elected or appointed federal officials or their immediate family members, from any person, corporation, union or other entity that the public official was charged to regulate while in office.
[12:40] {Threei}  I understand President will be forever banned from accepting a bottle of wine for his birthday from anyone
[12:40] {Threei}  since he regulates whole USA population, in a sense
[12:42] {Threei} Short Setup: LVS  .50 break
[12:48] {Threei}  come on .60, hold
[12:53] {Threei}  no go
[12:53] {dino} aqpkt stop -.21
[12:54] {dino} apkt
[12:57] {RonS} fl rumor...
[12:58] {dino} f'ing rinses, apkt makes 4
[13:03] {Threei}  https://sites.google.com/site/the99percentdeclaration/
[13:04] {Threei}  incredibly eclectic mix of correct, naive, unworkable and idiotic
[13:11] {dino} apkt rinses me and runs .70. wtf
[13:20] {Threei}  (EU) EFSF technical discussions now centering around purchases of collateral for guarantees, after legal experts say direct guarantees are not possible - financial press
[13:20] {RonS} who is riding and who is driving?  :  WSJ: EU Lawyers Have Rejected Direct EFSF Guarantees
[13:20] {Threei}  this all is so wrong...
[13:21] {Threei}  it's like if you find yourself on the wrong road, you continue driving further with oncreased spped instead of turning back
[13:21] {Threei}  and hope it will get you where you need to be
[13:22] {Threei}  this course of action got you there - reverse it, for pete's sake!
[13:22] {Threei}  why do more of what got you in troubles in the first place?
[13:28] {dino} rnow blood
[13:31] {RonS} pretty funny...from you bud 3i:  http://tinyurl.com/3mkc6vh
[13:34] {Threei}  heh
[13:34] {nemo} http://www.klfy.com/story/15717759/second-hand-dealer-law
[13:35] {RonS} hah...like anyone in LA pays any attention to the law...
[13:36] {dino} sina sm l .00
[13:38] {RonS} idiocy unleashed:  http://tinyurl.com/5wvr925
[13:40] {dino} stopped
[13:40] {RonS} starting to get a faz itch...copper -.11
[13:40] {dino} 5th rinse
[13:47] {Threei}  GR) Greece Parliament said to have begun voting process on supplemental austerity bill, ahead of final austerity vote expected on Thursday - financial press
[13:47] {Threei}  - REMINDER: Greece is in the midst of a 48-hour general strike in protest of the new austerity measures.
[13:55] {RonS} hearing beige book in 6 min
[14:00] {Threei}  yeah
[14:00] {Threei}  just started
[14:01] {Threei}  *(US) FED'S BEIGE BOOK: ECONOMY GREW AT A MODERATE AND SLIGHT PACE; COST PRESSURES EASING IN MOST REGIONS
[14:01] {Threei}  looong
[14:01] {Threei}  and useless
[14:04] {RonS} fidelity reported that sarkozy says bail fund expansion talks have stalled
[14:04] {RonS} look V
[14:04] {RonS} caw, caw
[14:07] {Threei}  what's woth it?
[14:07] {Threei}  I see no news
[14:08] {RonS} me either
[14:08] {dino} div raised
[14:08] {RonS} More Lawsuits Take Aim At Visa And MasterCard ATM Policies       10/19 11:36 AM
[14:08] {RonS} ??
[14:16] {RonS} v sm l .89
[14:16] {RonS} should say vsm l...one way or another...
[14:18] {RonS} out -.18
[14:27] {Threei}  hmmm
[14:27] {Threei}  why no news on wires
[14:27] {Threei}  re: fidelity
[14:27] {nemo} what happened
[14:27] {Threei}  as always... dino had to trip of the cord and unplug the market
[14:28] {dino} sorry
[14:28] {nemo} clumsy oaf!
[14:28] {dino} been that kind of day
[14:40] {Threei} Long Setup:  TZA  .50 break
[14:40] {Threei}  half lot
[14:43] {nemo} after that run I just couldn't...God bless ya
[14:43] {Threei}  half out
[14:43] {Threei}  stop to .48
[14:45] {Threei}  scalpers win
[15:04] {Threei} Long Setup:  FAZ  51 break
[15:04] {Threei}  half lot
[15:05] {Threei}  stop under .90 or .85
[15:05] {Threei}  both are valid
[15:05] {Threei}  target .45
[15:06] {Threei}  half out .18
[15:06] {Threei}  stop to .95
[15:13] {RonS} sorry, stepped away...can't handle the chop
[15:25] {RonS} see youze tomorrow...have an appt...
[15:26] {Threei}  take care ron
[15:33] {nemo} mmmhhh bids higher than offers on tna
[15:35] {Threei}  INET seems to be having problems
[15:37] {nemo} wonder if they got hacked
[15:41] {Threei}  nice smacking
[15:56] {Threei}  thank you all, have a great evening
[15:56] {Threei}  see you tomorrow

Sep 22 2011

(Participation in the room in real time requires membership)

Perfect day for us, as often on down days - two small stops, a lot of nice wins. Handled the day in a very calm, disciplined fashion. Let's also do an update to our SPY video series:

Session Time: Thu Sep 22 00:00:00 2011

[08:39] {Threei}  wow
[08:39] {nemo} what wow?
[08:40] {nemo} btw...113.90 was semester S3
[08:40] {Threei}  well, I of course expected a gap down, but the size is wow
[09:01] {Threei}  oh btw
[09:01] {Threei}  as if all other troubles were niot enough,
[09:01] {Threei}  *(US) INITIAL JOBLESS CLAIMS: 423K V 420KE; CONTINUING CLAIMS: 3.727M V 3.722ME
[09:03] {RonS} gm...copper got crushed overnight -6+%
[09:03] {Threei}  ron :)
[09:03] {Threei}  well.. what didn't? :)
[09:04] {RonS} ese's optimism?
[09:05] {Threei}  http://www.facebook.com/RealityTrader/posts/263845006983515
[09:12] {dino} gaps below ndx 2252
[09:12] {dino} then dji 10716, ndx 2044, s/p 1120
[09:17] {larisa} gm :)
[09:17] {Threei}  larisa!
[09:17] {Threei}  you know my question, right?
[09:18] {nemo} slw short
[09:18] {larisa} no, and not sure i want to :)
[09:18] {Threei}  ok, I'll try to refrain
[09:18] {Threei}  ok, I tried, no can do
[09:18] {Threei}  may I finally say Panic and Crash?? :)
[09:19] {nemo} you can even shout "Fire" in a crowded theatre
[09:19] {larisa} :)
[09:22] {dino} the contrarian in me says look for bottom to buy
[09:22] {patience} good morning
[09:24] {dino} we were -4% as of yesterdays close from friday close, so another 3-5% should do it, imo
[09:24] {Threei}  patience :)
[09:25] {nemo} [08:11] {nemo} We're already trading below daily S2 on spy 112-112.50 next area of support below, then below that 111-111.50 and then below that we have the 8/9 low
[09:25] {nemo} [08:13] {nemo}  and to be really pessimistic, the next convergence zone below those is 108.50 to 109.20 with some price support in the 109.80 area
[09:25] {Threei}  I for one am not going to guess on the bottom and trade it stock by stock and chart by chart
[09:26] {Threei}  with skipping first minutes of course
[09:27] {dino} i am looking for the 1120 gap
[09:28] {Threei}  that's critical support level
[09:29] {Threei}  it we consolidated a bit above it and breakl it, look out below
[09:30] {Threei}  ok guys, I don't have to warn you to be doubly careful today
[09:30] {Threei}  you know about old anf bold pilots
[09:31] {Threei}  let's skip first minutes of extra volatility and spreads
[09:31] {Threei}  one thing though looks tradeable
[09:31] {Threei} Long Setup:  SVM  .60 b reak
[09:32] {ese} gm
[09:32] {Threei}  ese :)
[09:32] {Threei}  stop under .50
[09:32] {Threei}  target .80
[09:32] {Threei}  3 partials
[09:32] {Threei}  2 partails sorry
[09:32] {dino} 2252 filled
[09:34] {Threei}  we called FCX botomless chart" when it was about 41
[09:35] {ese} hmmmmmmmm nice job BEN!!!!!!!!! instilling that confidence in the market.....whatda guy
[09:35] {Threei}  Ben is an idiot, to be sure...
[09:35] {Threei}  but heck, what did we want him to do? pump even more money in this?
[09:36] {Threei}  (EU) There is a growing consensus among EU diplomats and officials that Greece will default while remaining inside the eurozone. - UK Telegraph
[09:38] {Threei}  and look where the next storm is brewing:
[09:38] {Threei}  (CH) There are growing fears that Chinese developers are losing access to funding and will be forced to slash prices - FT
[09:38] {Threei}  - In today's Asian session Greentown's Hong Kong-listed shares tumbled 16.2%, though the group said it was unaware of any investigation by the China Banking Regulatory Commission.
[09:38] {Threei}  - Other Hong Kong-listed developers that use trust financing include Agile Property, Evergrande, KWG and Shimao. All four groups fell by more than 10% in trading today.
[09:38] {Threei}  - Since June, all but the top state-owned developers have been shut out of international debt markets as bond prices have plunged, leaving China's nascent trust company sector as the lender of last resort.
[09:38] {Threei}  - In the past few weeks, property prices have started to dip in many cities, after a sharp decline in sales volumes.
[09:38] {Threei}  - In Shanghai, transaction volumes have slumped more than 50% y/y. As a result, developers have cut prices by up to 10% on nearly 150 residential projects in Shanghai, according to Chinese real estate site Soufun.
[09:38] {Threei}  I start feeling like a real prophet
[09:39] {dino} sina sm l .50
[09:41] {dino} stop sina -.31
[09:41] {Threei} Long Setup:  SLW  .50 break
[09:42] {Threei}  if stays above .35
[09:42] {Threei}  regulate size according to your risk tolerance
[09:42] {Threei}  and in this situation you can't be too careful
[09:44] {Threei}  no go
[09:44] {Threei}  why didn't we just sell it above .60
[09:45] {Threei} Long Setup:  RIMM  .80 break half lot
[09:45] {Threei}  if stays above .70
[09:48] {Threei}  invalidated
[09:48] {nemo} lvs
[09:48] {Threei}  but watching for another trigger here
[09:48] {Threei}  possible double bottom forming
[09:51] {Threei}  nope
[09:54] {Threei}  for such huge gap, martkret trades in a somewhat subdues fashion
[09:54] {Threei}  subdued
[09:56] {dino} picking up speed now
[09:58] {Threei}  yeah but on downside
[09:59] {Threei}  ok, this setup looks more normal:
[09:59] {Threei} Long Setup:  RIMM  .50 break half lot
[09:59] {dino} thats what i saw
[09:59] {Threei}  if stays above .40
[10:00] {dino} nvda l .40
[10:00] {Threei}  yes... slower while trying to hold, accelerates when breaks down - more downside in cards
[10:00] {dino} rht sm l .75
[10:00] {Threei}  *(US) JULY HOUSE PRICE INDEX M/M: 0.8% V 0.1%E
[10:01] {Threei}  *(EU) EURO ZONE SEPT ADVANCED CONSUMER CONFIDENCE: -18.9 V -18.0E
[10:01] {Threei}  *(US) AUG LEADING INDICATORS: 0.3% V 0.1%E
[10:02] {Threei}  charts finally look like some bounce might develop
[10:02] {Threei}  need SPY to break 113
[10:02] {dino} meli sm l ave .20
[10:03] {Threei}  and if RIMM breaks .65, it has easy road to about .80
[10:03] {Threei}  so, let's try to partial
[10:03] {Threei}  unless you are convinced scalper
[10:03] {dino} out rht .15, +.40
[10:03] {Threei}  wtg
[10:03] {dino} ty
[10:04] {patience} good for you dino, still haven't waded into the sharks
[10:04] {dino} ;)
[10:04] {dino} hmmm rht continued up
[10:05] {dino} out nvda .60, +.20
[10:06] {Threei}  1:1
[10:06] {Threei}  half out, stop to .49
[10:07] {Threei}  1:2
[10:08] {dino} nvda l .51
[10:08] {dino} sina smr l .25
[10:09] {dino} 07 all green
[10:09] {Threei}  SVM 1:1
[10:10] {Threei}  RIMM taregt hit
[10:10] {Threei}  out in full
[10:11] {Threei}  SVM 1:2
[10:12] {Threei}  so far so good
[10:13] {dino} out sina .40, +1.15
[10:13] {dino} out meli .34, +1.14
[10:13] {patience} ok, it is dino's day
[10:14] {dino} just lucky
[10:15] {Threei}  beautiful
[10:18] {dino} aaww sm l .75
[10:18] {Threei}  so far, calm and organized carries the day
[10:18] {dino} cyou sm l ave .40
[10:19] {dino} 07 all green
[10:23] {dino} out nvda .70, +.20
[10:23] {dino} .19
[10:25] {dino} stop aaww .46, -.29
[10:30] {Threei}  OPEC members said to not be concerned about recent oil price decline as it is forecasted to be temporary - financial press
[10:30] {Threei}  - Members claim recent decline can be attributed to speculation
[10:30] {Threei}  so, let me get this straight
[10:31] {Threei}  price rise is justified, drop is speculation
[10:31] {Threei}  got it
[10:35] {dino} aaww sm l ave .31
[10:35] {Threei}  (GR) Former Fed Chair Greenspan: Greece is a few weeks away from defaulting without a new tranche of aid
[10:35] {Threei}  look who just can't shut up
[10:38] {dino} nvda l .51
[10:38] {Threei}  something lit fire under RIMM
[10:39] {Threei}  no news that I see
[10:44] {thomcbell} laggard on bloomberg radio
[10:45] {Threei}  yeah, watching her on tv
[10:45] {dino} brk/b sm l .70
[10:45] {nemo} fdx
[10:48] {Threei} Long Setup:  LVS  .65 break
[10:48] {Threei}  invalidated
[10:50] {Threei}  aww
[10:50] {Threei}  shouldv'e just bought the pullback eh
[10:55] {Threei}  doesn't RIMM strike you as one of the least likely candidates to be green today?
[10:55] {dino}  ilmn too
[10:56] {RonS} csx the most curious to me
[11:01] {dino} rrc again
[11:02] {dino} out nvda .63, +.12
[11:04] {Threei} Short Setup: RIMM  .50 break
[11:04] {Threei}  invalidated
[11:04] {Threei}  but watching for double top
[11:04] {nemo} invalidations ain't taking long
[11:04] {Threei} Short Setup: RIMM  .60 break
[11:04] {Threei}  lol
[11:04] {nemo} rimm
[11:04] {Threei}  that's a good thing
[11:06] {nemo} if it invalidates likely go to .90 area
[11:07] {Threei}  it did
[11:08] {nemo} .79?
[11:09] {Threei}  short?
[11:09] {Threei}  no
[11:09] {Threei}  not yet
[11:09] {nemo} .80 was a big level
[11:09] {nemo} selling .79's
[11:10] {Threei}  let's it establish this level
[11:10] {Threei}  now it becomes a short trigger
[11:10] {nemo} rebid it
[11:10] {nemo} spy going long a bit here
[11:10] {Threei} Long Setup:  LVS  .15 break
[11:11] {Threei}  target .45
[11:11] {nemo} short rimm
[11:12] {nemo} out above .81
[11:12] {Threei}  wow
[11:12] {Threei}  that's tight stop
[11:12] {nemo} what, look at offer
[11:12] {nemo} 507 lots at .81
[11:13] {Threei}  LVS stop .04
[11:13] {thomcbell} rimm classic chinook todayh
[11:13] {nemo} Helicopter, or wind
[11:13] {nemo} ?
[11:13] {Threei}  salmon
[11:13] {thomcbell} salmon swimming against the current
[11:13] {Threei}  :)
[11:13] {nemo} oh
[11:13] {Threei}  1:1 RIMM
[11:14] {nemo} .80 was the level, and that big offer put a lid on it
[11:15] {nemo} see .64?
[11:16] {nemo} if it drops .64 I might add, especially if it rebids and drops it again
[11:17] {nemo} nowtf
[11:18] {nemo} stop still above .81
[11:18] {Threei}  LVS defends .05 fiercely
[11:18] {Threei}  good boy
[11:19] {Threei}  half out
[11:19] {Threei}  stop to .09
[11:23] {Threei}  out
[11:24] {RonS} nemo i am s rimm .65...target?
[11:25] {dino} nvda l .45
[11:25] {nemo} I'm just reading levels on rimm chart isn't telling me much
[11:25] {RonS} thanks
[11:27] {nemo} I"d say .40 a possible bounce but closest pivot support is .14
[11:28] {RonS} out rimm .35 +.30
[11:28] {Threei}  nice
[11:29] {Threei}  great trading today guys
[11:29] {Threei}  calm, collected
[11:29] {Threei}  disciplined
[11:29] {Threei}  some'd say comatose, but they are just jealous
[11:30] {Threei}  hmmm... on second thought yeah, comatose is our normal state
[11:30] {thomcbell} nice work rimm - 2x
[11:30] {dino} gj ron
[11:30] {RonS} new copper low
[11:30] {RonS} txs...lucky...
[11:30] {dino} praa sm l .24 pulp
[11:35] {nemo} spy higher low?
[11:36] {Threei}  very hard to tell
[11:36] {thomcbell} and on a doji on the 15 min chart - somewhat interesting
[11:37] {RonS} just a europe closing bounce...imo
[11:37] {Threei}  I dunno guys
[11:37] {nemo} OALA EHA ATOS
[11:37] {Threei}  my guts say, we are to see more selling and new lows
[11:38] {RonS} hawaiian?
[11:38] {nemo} acronymian
[11:38] {patience} want to see the vix hit 50
[11:39] {RonS} kinky
[11:39] {patience} ty
[11:46] {Threei} Long Setup:  RIMM  .50 break
[11:46] {Threei} Short Setup: RIMM  .40 break
[11:46] {nemo} scarecrow setup
[11:46] {Threei}  what did you call me?
[11:47] {nemo} you ever see the Wizard of OZ?
[11:47] {Threei}  he drops by sometimes, mostly when I am drunk
[11:48] {Threei}  stop is self-explanatory I believe
[11:48] {Threei}  target 1:3, three partials
[11:48] {nemo} in the movie they come across the scarecrow up on the pole and ask him which way to Oz.  He promptly crosses both so they point in opposite directions and says "That a way"
[11:49] {Threei}  must've been a trader
[11:53] {Threei}  1:1
[11:56] {Threei}  1:2
[11:56] {Threei}  stop .41 for the last part
[12:00] {Threei}  stop to .36
[12:03] {Threei}  test of the low is about to come
[12:03] {Threei}  IMO{ low will not hold
[12:06] {Threei}  there
[12:06] {dino} 10716 filled
[12:06] {Threei}  ugh, wanted to short LVS 46 break
[12:06] {dino} 10605 yearly low
[12:06] {Threei}  then thought it would be pushing it
[12:06] {dino} 1101 and 2029
[12:12] {nemo} tempted to go long spy/tna here
[12:15] {Threei}  (CH) Senator Brown (R-MA): China currency bill would treat currency manipulation as an unfair subsidy
[12:15] {Threei}  - Asserts that China currency manipulation is undermining US job creation.
[12:15] {Threei}  - Senator Schumer (D-NY): There is no question that China's trade practices are hurting the US economy.
[12:15] {nemo} nah...Bennie doesn't manipulate our currency
[12:20] {Threei}  ok, now that morning rush is over... welcome aboard, thomcbell
[12:21] {Threei}  RIMM, covered last piece
[12:21] {Threei}  close enough to target
[12:40] {dino}  l titn .76
[12:52] {dino} 07 green
[13:00] {dino} out brk/b .03, +.33
[13:00] {dino} out praa ave . 94, +.70
[13:01] {dino} out nvda .55, +.10
[13:14] {Threei}  great winning series
[13:14] {dino} out aaww .66, +.35
[13:14] {Threei}  (said he waking up)
[13:14] {RonS} lol, they had chubby checker on fast money last night talking about the twist...
[13:15] {RonS} the guy sounded very lucid...
[13:17] {RonS} good one:  http://tinyurl.com/3oq833o
[13:18] {Threei}  hehe
[13:26] {dino} stop titn -.27
[13:37] {Threei}  http://www.facebook.com/RealityTrader/posts/263948690306480
[13:45] {Threei}  TZA
[13:45] {Threei}  half lot long here
[13:46] {Threei}  got .55 and .60
[13:46] {Threei}  stop under .40
[13:47] {Threei} Short Setup: RIMM  21 break
[13:47] {Threei}  if stays under .10
[13:48] {Threei}  SPY new low
[13:49] {Threei}  no go TZA
[14:00] {Threei}  rinsed eh?
[14:03] {Threei}  RIMM 1:1
[14:05] {Threei}  how about that call for more lows
[14:08] {Threei}  as if anyone cares... back to coma
[14:18] {dino}   1120 filled
[14:22] {dino} rht sm l .85
[14:23] {Threei}  (EU) EU is said to be looking to accelerate the recapitalization of up to 16 banks
[14:23] {dino} out rht .35, +.50
[14:25] {dino} titn l .25
[14:29] {dino} ssys sm l .09 ave
[14:30] {Threei}  RIVO
[14:30] {Threei}  TIVO
[14:30] {Threei}  intergrates with facebook
[14:32] {Threei}  let's see full text
[14:32] {Threei}  (EU) EU is said to be looking to accelerate the recapitalization of up to 16 mid-tier banks - FT
[14:32] {Threei}  - European officials are said to be ready to speed up plans to recapitalize the 16 banks that came close to failing last summer's EU stress tests.
[14:32] {Threei}  - Seven are Spanish, two are from Germany, Greece and Portugal, and one each from Italy, Cyprus and Slovenia. The list includes Germanys HSH Nordbank and Banco Popolare of Italy.
[14:32] {Threei}  ***Reminder: On Sept 21st there was dealer chatter that the French govt might force some kind of recapitalization on its banking sector. Separate reports indicated France was expected to launch a state bank for small and medium-sized companies
[14:33] {Threei}  non-event IMO
[14:33] {nemo} to lend to whom?
[14:33] {Threei}  exsactly
[14:33] {nemo} WHAT!!!?
[14:33] {Threei}  they still treat it as liquidity crisis
[14:33] {Threei}  sorry
[14:33] {Threei}  eqzaktly
[14:33] {nemo} that spelling is a ahem...troutable offence
[14:33] {Threei}  right
[14:33] {Threei}  I am very very sorry
[14:37] {Threei}  doesn'tit amaze you?
[14:37] {Threei}  a few years intio crisis,
[14:37] {nemo} It's no worse than marriage
[14:37] {Threei}  and they still try to cure this and that, but not the major underlying reason?
[14:37] {nemo} political solutions not operational
[14:38] {Threei}  well, lunacy should end at some point... one would think
[14:38] {Threei}  it;s not a crisis of liquidity
[14:38] {nemo} Red pill or Blue pill
[14:38] {dino} titn stopped again
[14:38] {Threei}  it's not an economic cycle of overproduction
[14:38] {nemo} remember the chapter on sick-mindedness
[14:38] {Threei}  it's a credit bubble
[14:39] {nemo} and a debt problem
[14:39] {Threei}  severe credit cycle
[14:39] {nemo} yeah, there is no painless way out of this
[14:39] {Threei}  no
[14:39] {nemo} I also think we're reaching certain Malthusian resource limits
[14:39] {Threei}  but adding to debt as a cure?
[14:39] {nemo} only if curing is killing the patient
[14:41] {nemo} Funny...let's say the economy turns around, and actually gets strong.  Where do you think oil and gas prices will go?
[14:45] {Threei}  up
[14:45] {Threei}  why?
[14:47] {nemo} well, it can only go so far before it becomes a significant drag on economic activity and consumer spending.  Considering it's this high in the worst economic conditions since the Depression, there is relatively limited upside for economic activity
[14:47] {Threei}  right
[14:47] {Threei}  classic feedback-feedforward loop
[14:47] {nemo} And when you have an economy that has so much "discretionary" related economic activity, lots of that has to go by the wayside as more income is devoted to necessities
[14:48] {nemo} Frankly I think necessities will be redefined (I'm giving up boxers)
[14:48] {RonS} chnaging name to cj?
[14:48] {RonS} changing
[14:49] {nemo} commando j?
[14:49] {RonS} joe
[14:49] {Threei}  well, when such big share of population considers iphone necessity...
[14:49] {nemo} http://www.cbsnews.com/8301-504784_162-20110214-10391705.html
[14:49] {Threei}  sooner or latyer this had to crash no?
[14:49] {nemo} well...Iphone maybe, but untethered communications is replacing wireline
[14:50] {Threei}  as if communication were necessity...
[14:50] {Threei}  I am very fine not communicating with anyone
[14:50] {nemo} So, anyway...when all those discretionary items (seen a grocery store lately) are pared back, how many more jobs disappear?
[14:51] {Threei}  yes... big part economy has been built on slack
[14:51] {nemo} me too...I catch hell...you didn't return my message...no...you didn't answer your phone...no
[14:51] {Threei}  on fuzzy need
[14:51] {nemo} fuzzy need...no need
[14:51] {nemo} manufactured need
[14:51] {Threei}  production and distribution of things that were demanded and consumed only because pkenty of easy credit sloshed around
[14:52] {nemo} and marketing is effective to brain dead humans...of which they are legion
[14:52] {Threei}  credit bubble bursted, enormous share of products went out of demand, taking jobs with the,
[14:52] {Threei}  simple as that
[14:52] {Threei}  bursted?
[14:52] {Threei}  yikes
[14:52] {nemo}   let's see you need food, housing, clothing, sex, guns, and alcohol  that's it!!!
[14:53] {Threei}  actually... all you need is guns :)
[14:53] {RonS} don't forget the bullets...
[14:53] {nemo} true, you can get the rest with them
[14:53] {Threei}  the rest will be given to you by those without them
[14:53] {nemo} that's implied Ron
[14:54] {nemo} oh, discretionary maybe, but I would like Psyllocibin Mushrooms and Peyote also
[14:54] {Threei}  such sophistication
[14:55] {nemo} ?  names dude
[14:55] {Threei}  I am a savage, Hlenlivet will do
[14:55] {Threei}  Glenlivet
[14:57] {dino} beer
[14:57] {nemo} that falls under "alcohol"
[14:57] {thomcbell} ah glen livet - 12 yr please
[14:57] {Threei}  12 or 18
[14:57] {Threei}  either works
[14:57] {Threei}  glenfiddich will do just as well
[14:58] {nemo} I remember having a bottle of either 100 or 150 year old Drambuie
[14:58] {nemo} what a difference, smooth as silk
[14:58] {nemo} As a sensitive aside...nobody faint because it's coming from me
[14:58] {dino} i have some 60 year old seagrams, drambuie, and crown
[14:58] {nemo} Remember last year when I was taking care of my dying uncle?
[14:58] {thomcbell} 18 a tad too rich
[14:58] {thomcbell} in flavor and register
[14:58] {nemo} Well, his wife brought me some of his wines (he was a wine nut)
[14:59] {Threei}  well... yeah
[14:59] {nemo} So, during the power outage from the hurricane I was drinking them...nothing else to do
[14:59] {Threei}  crap
[14:59] {nemo} One of them was a 89 Gewurztraminer from a Maryland Vineyard
[14:59] {Threei}  and we sat here feeling sorry for you
[14:59] {dino} no genorater?
06[15:00] * Threei unsorries those two after-hurricane day
[15:00] {nemo} I'm sitting there when I realized...no generator...I was with him visiting the vineyard on the day he bought that wine...so, I'm saving the bottle...great guy...brilliant man
[15:02] {Threei}  reminds me... I need t put away one nice bottle for the day of the big earthquake
[15:02] {Threei}  which they say is coming to the town near me
[15:02] {nemo} December 21, 2012
[15:02] {nemo} I have inside information the Yellowstone Caldera is going to erupt
[15:03] {RonS} iceland more likely...
[15:03] {Threei}  that one will put an end to it
[15:03] {nemo} that's going to sink
[15:03] {nemo} Watch, just our luck, France will survive
[15:04] {Threei}  no market crashes anymore if yellowstone goes off
[15:04] {nemo} No, nothing anymore
[15:04] {Threei}  ok, retest of the low is coming
[15:04] {Threei}  really can't tell whether we make new lows on hold around these levels
[15:05] {Threei}  my personal incination is, new lows
[15:05] {nemo} What'll really be a trip is we have a solar storm like the one in 1859...society ends that day
[15:05] {Threei}  but to call a trade on it here... tough
[15:05] {Threei}  we have two small stops
[15:05] {Threei}  many nice wins
[15:05] {Threei}  I consider today a perfect management of the crash
[15:07] {nemo} i'm getting long signals
[15:08] {RonS} ...from bunny?
[15:08] {nemo} silly...the voices in my head
[15:08] {dino} rht sm l .80
[15:08] {nemo} Bunny is AWOL today
[15:08] {nemo} bitch
[15:08] {nemo} can't get rid of her when she wants tortilla chips though
[15:10] {nemo} whoa...looks like the voices were right
[15:11] {nemo} bumper sticker I saw once:  The voices in my head told me to stay home from work and clean my guns
[15:11] {dino} out rht .10, +.30
[15:11] {RonS} gj
[15:11] {dino} t6y
[15:11] {dino} ty
[15:15] {dino} we are down 900+ pts since tuesdays high
[15:17] {nemo} oh oh, you feel a drop coming?
[15:17] {Threei}  I do
[15:17] {Threei}  for what a week already? :)
[15:17] {nemo} I mean, into the close
[15:18] {Threei}  I do
[15:18] {dino} dk
[15:18] {Threei}  kind of: not strognly enough to play short, but enough to stay away from long
[15:19] {nemo} http://www.autoblog.com/2011/09/21/gms-onstar-now-spying-on-your-car-for-profit-even-after-you-uns/
[15:21] {dino} out ssys -.03
[15:33] {nemo} we bottomed at S2 weekly
[15:39] {Threei}  yeah but did we bottom?
[15:40] {nemo} no, little bounce tomorrow, lower into weekend, rally next week
[15:41] {nemo} IMO OALA EHO ATAS
[15:42] {Threei}  new low is comiong'
[15:42] {Threei}  believe it or not
[15:42] {thomcbell} rht a beast
[15:44] {Threei}  not today of course
[15:44] {Threei}  but the look of things is not really "selling is exhausted"
[15:47] {dino} gap down open tomorrow then finish up 100
[15:47] {dino} gap down takes us to 1101
[15:49] {dino} hmm 150 pt rise
[15:49] {patience} just bought gis, agu, pot, mos,eca, su, fts, gdx, hgu, slw in long term account
[15:49] {dino} news?
[15:49] {Threei}  nope
[15:49] {Threei}  just some short covering I presume
[15:49] {nemo} short covering..bird in hand two in bush
[15:50] {dino} patience, i like the thinking
[15:50] {patience} dividends and long term trends   :)
[15:59] {Threei}  thank you all, grat day
[15:59] {Threei}  great too
[15:59] {Threei}  have a good evening, see you tmorrow
[15:59] {larisa} bye :)
[16:00] {dino} gn

Sep 21 2011

(Participation in the room in real time requires membership)

Who said FOMC days are not good for trading? Beautiful day with just one stop, and quite a few nice trades, including couple beauties on TZA. Do read the log to track those trades; as far as charts are concerned let me post an update for the SVM swing trade. As you see from updated chart below, a trade triggered at 7.25 today, confirming double bottom. Volume looks decent as well. What concerns me though is general market climate - end of day selling hit SVM based on general market selloff. So, we are in a situation where on its own, SVM looks ready to go up in positive or neutral market; whether it's capable of holding in negative or crashing one, remains to be seen.

Session Time: Wed Sep 21 00:00:00 2011
[09:14] {dino} gm all
[09:14] {Threei}  dino :)
[09:14] {nemo} for you dino:  http://bostonherald.com/blogs/sports/rap_sheet/?p=14158&srvc=home&position=recent
[09:14] {nemo} piece of work that boy
[09:15] {ese} gm
[09:16] {Threei}  ese :)
[09:17] {Threei}  ese, meant to show you a stock you may want to monitor
[09:17] {Threei}  look at FITB daily
[09:18] {ese} theres a blast from the past
[09:18] {Threei}  thought you'd recognize it :)
[09:18] {Threei}  announced didvidend increase yesterday
[09:19] {ese} pretty solid base....and dividend to bot
[09:19] {ese} boot
[09:19] {Threei}  daiuly to me looks like 10.80 - 11 zone breakout for long play
[09:19] {ese} me as well
[09:19] {dino} that rex is a piece of work
[09:19] {Threei}  just make sure Europe doesn't collapse, lol
[09:20] {Threei}  that'll put a kibosh on financial stocks
[09:21] {ese} Greeks were talkin yesterday...finally something happening...German economists say double dip recession not likely in Germany.....things are lookin up
[09:21] {dino} i/m not as confident as you
[09:21] {ese} Greeks won't default looks like
[09:21] {Threei}  I really doubt that optimistic view
[09:22] {dino} gut says they must
[09:22] {nemo} define default
[09:22] {Threei}  they are trying to keep brave face
[09:22] {nemo} they'll just dress it up and call it something else...like leaving the euro
[09:22] {ese} it's "de" "fault" of the Greeks
[09:22] {Threei}  math just doesn't work, ese
[09:23] {Threei}  Greece can't repay debt, no matter what
[09:23] {Threei}  and look at Italy CDS spread, to see how much realism is under that optimism
[09:23] {ese} anyway.....articles in "Marketwatch.com" yesterday....
[09:24] {Threei}  http://www.cnbc.com/id/38451750
[09:25] {ese} link not working
[09:26] {Threei}  works for me...
[09:27] {Threei}  anyway, Italy 5-yr is at 513
[09:27] {dino} ok now that we have broken ese' optimism, back to work
[09:27] {Threei}  this is borderline "point of no return" IMO
[09:27] {ese} lol
[09:27] {Threei}  FCX is on watch as short candidate
[09:28] {ese} link working now
[09:28] {Threei}  remember the opening volatility
[09:28] {larisa} gm :)
[09:28] {Threei}  larisa :)
[09:29] {Threei}  from the look of things, morning spike can take it into .40 - .50 territory where it's bound to be a short
[09:29] {Threei}  if it breaks down instead, let's wait
[09:30] {Threei}  total breakdown
[09:31] {Threei}  becomes bounce candidate
[09:31] {Threei}  half lot
[09:31] {Threei} Long Setup:  FCX  .30 break
[09:31] {Threei}  stop under .15
[09:32] {Threei}  in
[09:32] {nemo} you can have it
[09:32] {Threei}  ty
[09:32] {Threei}  not ready yet, out
[09:33] {patience} ty fcx vad, haven't even had first cup of coffee yet, amazing
[09:33] {ese} L orcl .50
[09:34] {Threei}  .15 break second try
[09:34] {ese} sm
[09:34] {Threei}  if holding 37
[09:34] {Threei}  half lot!
[09:34] {Threei}  target .60
[09:34] {Threei}  half out
[09:34] {Threei}  stop to .10
[09:36] {ese} L orcl avg .42
[09:37] {Threei}  stop to .25
[09:38] {Threei}  out second half
[09:38] {nemo} you see that buy on the offer go buy at .35?
[09:38] {Threei}  +.23 and .10
[09:38] {nemo} 1275 lots
[09:39] {ese} stopped orcl .21-.22
[09:39] {ese} knew i shoulda waited
[09:39] {Threei}  bought into sharp spike, ese...
[09:40] {ese} ya
[09:40] {Threei}  ORCL is a very heavy stock, not really a momo that can easily continue after spikes
[09:41] {ese} not something i do normally ......thought taht with the earnings report it had 31 in it
[09:41] {Threei}  (US) Preview: Aug Existing Home Sales due out at 10:00ET
[09:41] {Threei}  **Consensus expectation: 4.75Me v 4.67M prior
[09:41] {Threei}  it very well may but not in one gasp
[09:41] {ese} agreed
[09:43] {Threei} Short Setup: FCX  .20 break if stays under .30
[09:44] {Threei}  half out
[09:45] {ese} L orcl .25
[09:45] {Threei}  should lose 37 now
[09:45] {Threei}  stop to .25 for the balance
[09:47] {Threei}  ok FCX
[09:47] {Threei}  let's do it
[09:47] {Threei}  'cause you know... bees do it
[09:49] {Threei}  good boy
[09:50] {Threei}  1/4 more out
[09:50] {Threei}  stop to .21
[09:52] {Threei}  grrrrr
[09:52] {Threei}  targeted RIMM short on .25 break
[09:52] {Threei}  and missed it because of FCX bresakdown at the same moment
[09:54] {Threei}  let's trail last piece to .16
[09:55] {ese} out orcl 1/2  .35 +.10
[09:55] {ese} balance to .26
[09:56] {patience} in slw
[09:58] {Threei}  numbers are coming
[09:59] {dino} titn sm l .00
[09:59] {ese} orcl stopped balance .26
[10:00] {dino} cyou sm l .90
[10:00] {ese} hmmm shoulda rang the register at .40 would have been a nice day
[10:00] {Threei}  decent number
[10:00] {dino} gpc sm l .11
[10:00] {Threei}  *(US) AUG EXISTING HOME SALES: 5.03M V 4.75ME
[10:01] {Threei}  closed FCX
[10:02] {dino} ssys sm l .00 thinny
[10:09] {Threei}  watching LVS
[10:10] {ese} L orcl .23
[10:11] {Threei}  FCX, did you have to shake out last portion before continuing down?
[10:11] {nemo} it traded to vwap and dropped
[10:11] {Threei}  I overtightened stop?
[10:12] {nemo} guess I should have opened my mouth, I saw VWAP up there, and that's a magnet for price action
[10:12] {ese} out 1/2 orcl .30 +.07
[10:12] {nemo} couldn't figure out how to work it into an insult
[10:12] {Threei}  ahhh
[10:12] {ese} balance stopped .24
[10:13] {Threei} Long Setup:  FCX  .50 break
[10:13] {Threei}  if stays above .40
[10:13] {Threei}  oops
[10:13] {Threei}  sorry, confused symbols
[10:13] {Threei}  LVS
[10:13] {dino} fcx, cat, joyg, ilmn, major blood two days
[10:13] {Threei}  invalidated anyway
[10:14] {Threei}  bond market prices Greece default probability at 96%
[10:15] {dino} ilmn sm l .50
[10:16] {Threei} Long Setup:  LVS  .50 break if holding .40
[10:16] {Threei}  FCX, what a bottmoless pit
[10:16] {Threei}  LVS, target 1:3
[10:16] {Threei}  standard procedure
[10:16] {ese} specially fcx dino
[10:16] {ese} with a gap dn no less
[10:17] {ese} sorry 2 gaps dn
[10:17] {ese} have that on my screen
[10:17] {ese} got a plan for those
[10:18] {Threei}  1:1
[10:18] {dino} understand
[10:19] {ese} lol
[10:22] {Threei}  probably time for FCX bounce
[10:24] {Threei}  got away... thought of .50 break but happened a bit too fast
[10:24] {Threei}  let's see if oulls back for entry
[10:24] {Threei}  OK
[10:24] {Threei}  drop under .50,
[10:24] {Threei}  holding above .40,
[10:24] {Threei}  .50 recross
[10:24] {Threei}  that would be my long setup from here
[10:26] {Threei}  here we go
[10:27] {Threei}  invalidated
[10:30] {dino} ssys stop -.33
[10:30] {dino} ilmn stop -.33
[10:31] {Threei}  oil inventories...
[10:31] {Threei}  *DOE CRUDE: -7.33M V -1ME; GASOLINE: +3.3M V +1ME; DISTILLATE: -875K V +1ME; UTILIZATION: 88.3% V 86.6%E
[10:31] {Threei}  USO through the roof
[10:31] {Threei}  lunacy
[10:32] {dino} joyg -8 in two days
[10:32] {nemo} bfd crude down, OPEC cuts forcast last week, refineries have switched over to producing heating oil and gas way up...too frickin' funny
[10:33] {Threei}  no kidding
[10:33] {Threei}  reaction to these weekly numbers is one of the most meaningless I see in the markets
[10:33] {nemo} have a feeling it's a Wile E. Coyote moment and will retrace
[10:33] {nemo} not to those making money on it
[10:33] {Threei}  or least meaningful?
[10:36] {Threei}  FCX doesn't follow market down anymore
[10:37] {Threei}  not ready to jump in, but watching carefully
[10:37] {nemo} tired from dropping for four days...cant keep up
[10:37] {patience} in long fcx
[10:37] {Threei}  hehe
[10:37] {Threei}  why rush
[10:37] {Threei}  no clear signal yet
[10:37] {patience} no kidding
[10:39] {dino} joyg sm l .90
[10:40] {ese} L orcl .20
[10:44] {ese} out 1/2 orcl .40 +.20
[10:45] {Threei}  missed another LVS setup
[10:45] {dino} gj
[10:46] {Threei}  .30 break.. see tose two dojis?
[10:46] {ese} out balance .49 +.29
[10:46] {ese} orcl
[10:46] {ese} tks dino
[10:46] {ese} that was a crap load of shs
[10:47] {ese} haven't done that for a bit
[10:48] {nemo} rrc
[10:48] {dino} t/o chatter
[10:49] {Threei}  ok, let's try to get LVS this time
[10:51] {ese} am outta here....have a great rest of the day.....
[10:51] {Threei}  one more leg down, consolidation between .10 and .20 and cross
[10:51] {patience} bye ese
[10:51] {Threei}  take care ese, gj
[10:51] {ese} cya vad patience
[10:51] {dino} cya ese
[10:51] {ese} dino
[10:51] {nemo} spy if doesn't hold .45 going to .20 area
[10:52] {nemo} this also spy premarket low
[10:53] {dino} ndx filled open gap
[10:56] {nemo} pre market low for IWM might get some tail wagging the dog here
[10:57] {Threei} Long Setup:  LVS  .20 break if holding .10
[10:58] {patience} ok, who thinks the fed will open up their discount window wide today and lend money to banks at very favourable terms?
[10:59] {Threei}  1:1
[10:59] {nemo} how much more favorable can it get
[11:00] {dino} window is open
[11:00] {Threei}  1:2
[11:00] {Threei}  1:3
[11:00] {dino} gj
[11:00] {Threei}  ty
[11:00] {Threei}  we had what, 1 stop today?
[11:00] {patience} it is, but narrow elegibility gets loosened?
[11:01] {Threei}  the rest worked like charm?
[11:02] {dino} we are already flooding the euro block w/$. but yes i think twist happens, going loner term to lower long term rates
[11:08] {Threei}  midday update:
[11:08] {Threei}  The FOMC rate decision will arrive mid afternoon and investors are debating the chances that Helicopter Ben will greenlight Operation Twist. In Europe, equity markets are at their lows as traders worry about the banking system. Earlier this morning, Greece Finance Minister Venizelos warned that there is a danger that reform program might fail and Lloyd's of London said it had decided to pull peripheral euro bank deposits.
[11:09] {Threei}  Note that the August existing home sales hit their highest rate since early 2009, however analysts agree that the slightly better numbers were driven by a sudden jump in foreclosure and resale activity. Treasury markets are trending higher as money comes out of stocks and the US 10-year yield has slipped back toward 1.9%.
[11:09] {Threei}  I dunno where ese finds that optimism...
[11:10] {dino} nor i
[11:10] {Threei}  Overall the greenback remained range bound ahead of the FOMC decision later today. Dealers suspect the dollar could weaken further if the Fed announces any new QE measures. EUR/USD recovered from session lows during the New York morning aided by speculation that the French government might take measures to restore confidence in its banking sector coupled with ECB widening the range of debt instruments accepted as collateral.
[11:11] {Threei}  Dealers did note that the ECB action on collateral actually lowered its quality control. The market still awaiting Greece to outline its austerity measures negotiated with the Troika in recent days
[11:17] {Threei}  wow LVS
[11:17] {nemo} hpq
[11:17] {Threei}  how come I never forget last couple hundred shares
[11:18] {RonS} may be leo out at hpq
[11:19] {RonS} Bloomberg confirms boards wants CEO out $HPQ
[11:19] {Threei}  Hewlett-Packard Co Board evaluating firing CEO Apotheker in favor of Whitman as successor - financial press
[11:20] {Threei}  and this sends a stock up a dollar?
[11:20] {Threei}  and half
[11:29] {Threei}  SVM
[11:30] {Threei}  who saw a chart for a swing trade a few days ago, see it breaking out
[11:30] {Threei}  I posted quick update on facebook, will add after close
[11:30] {dino} ilmn sm l .00 wide
[11:38] {Threei}  White House said to have informed Congress of planned $5.3B upgrade of Taiwan's existing fleet of F-16 fighter jets
[11:38] {Threei}  - Northrop Grumman and Raytheon are said to be expected to compete to build new radar systems for Taiwan's F-16s.
[11:38] {Threei}  sigh
[11:47] {RonS} ilmn brightly burning...
[11:47] {nemo} wow....
[11:50] {dino} kicked me in the azz
[11:56] {nemo} see the link I posted for you this morning Dino?
[11:57] {dino} on rex? yes
[11:57] {nemo} I like the guy
[11:57] {dino} me too, he fits ny market
[11:58] {nemo} cracks me up, foot fetish, cries watching chick flicks...
[11:58] {nemo} He'd be alot of fun to drink with
[11:58] {dino} indeed, lol
[12:08] {patience} out fcx, nice run  +.71
[12:09] {Threei}  gj
[12:09] {patience} connection went down during trade, i hate that
[12:09] {Threei}  look at LVS chart and see where we got it long
[12:09] {Threei}  pretty much near the low of the day
[12:11] {dino} market stuck in range
[12:15] {dino} wow ilmn what a rinse job
[12:22] {dino} sm l ilmn .00, last try
[12:27] {Threei}  Moody BAC downgrade
[12:27] {Threei}  kills the market
[12:29] {Threei}  nice jub Buffet
[12:29] {Threei}  job
[12:30] {RonS} qotd:  why should i care about a buffet tax. i never eat at one.
[12:31] {Threei}  lol
[12:31] {dino} lol
[12:36] {dino} bac preferred getting hit
[12:39] {nemo} I find the coincidence between the downgrade and BennieB intriguing
[12:40] {Threei}  think setting up the scene for Fed action?
[12:40] {nemo} whack the longs, come in and buy
[12:42] {patience} out of anv.to    i forgot how wingy some of these stocks can be to trade....too much work    +.62
[12:48] {nemo} hpq again
[12:48] {Threei}  reconsiders spin-off of PC business
[12:52] {patience} sold everything but POT
[12:52] {patience} excellent day...will sit and wait
[12:58] {Threei}  Moody's cuts WFC
[12:58] {Threei}  and C
[12:58] {Threei}  they are on the roll today
[12:59] {Threei}  a roll?
[12:59] {Threei}  just roll?
[12:59] {Threei}  why do you english speakers need those a and the, no idea
[13:00] {RonS} freakin a, eh?
[13:00] {Threei}  the freakin a
[13:02] {dino} ahole, lol
[13:05] {dino} giddy-up
[13:19] {dino} joyg to .84
[13:24] {dino} out .96, +1.06
[13:25] {RonS} gj
[13:25] {patience} very nice
[13:26] {Threei}  great one
[13:26] {dino} ty took hours
[13:26] {patience} very patient  :)
[13:27] {dino} ;)
[13:28] {Threei}  Coolest searching device ever? Your toe! Always able to, somehow, find furniture even when it is pitch black
[13:29] {dino} yeah, been there
[13:32] {Threei}  so, 74% of ecinomists expect operation Twist, 61 says it won't work
[13:33] {Threei}  the rest 39 are clueless I guess
[13:54] {Threei}  total stall
[13:55] {patience} what time do we hear anything?
[13:56] {dino}  2:15
[13:56] {patience} ty
[14:00] {nemo} regn
[14:01] {dino} regn spike
[14:02] {nemo} dino...look above
[14:02] {dino} ilmn out .30, +.30
[14:02] {Threei}  halt
[14:02] {nemo} that sucks
[14:02] {patience} nice day for you dino
[14:02] {dino} average, had few stops earlier
[14:05] {nemo} indexes look like they're setting up for screaming longs
[14:07] {Threei}  here is summary for expectations:
[14:07] {Threei}  http://caracommunity.com/content/bill-caras-blog-sep-21-2011#comment-95641
[14:07] {Threei}  too long to paste it all here
[14:07] {dino} va drops avastin
[14:08] {Threei}  passive twist, active twist... as if all these monetary tweaks really can change the ways of economy
[14:08] {Threei}  more they tweak, worse it gets
[14:08] {Threei}  get the ^%#* out of the way
[14:09] {dino} john galt i presume
[14:09] {Threei}  :)
[14:10] {nemo} it's between a rock and a hard place...they get out of the way, and it's gonna' get rocky sooner, they don't get out of the way, it get's rocky a little later
[14:10] {Threei}  but there is a difference in the degree of rockiness
[14:10] {Threei}  the later it comes the rockier it gets
[14:10] {nemo} I don't think so...I think sooner or lated serious civil unrest
[14:11] {dino} they stretch it out to save themselves, not do what is needed
[14:11] {nemo} I don't think it can be avoided
[14:11] {patience} bought td bank
[14:13] {RonS} regn 7 mil sh short...lit up...
[14:13] {dino} right now they are fighting over who pays for lunch
[14:17] {Threei}  fashinably late?
[14:17] {Threei}  +o
[14:20] {RonS} who does the clam think he is?...O?
[14:20] {Threei}  lol
[14:20] {RonS} soory...0
[14:22] {Threei}  potato, potatoe
[14:23] {dino} out
[14:23] {dino} 07 green
[14:23] {Threei}  ok
[14:23] {Threei}  here it comes
[14:24] {dino} now red
[14:24] {RonS} twisted sister
[14:25] {Threei}  active twist
[14:25] {Threei}  market says eeeeck
[14:25] {RonS} chubby checker to head operation...
[14:25] {dino} what'd he do?
[14:26] {Threei}  Fed to buy $400B in long term treasuries (6-30 year range) by end of June 2012
[14:28] {RonS} copper tanked
[14:28] {dino} pru sm l .79
[14:29] {RonS} wow, three dissenters
[14:30] {dino} re-liquify
[14:44] {dino} meli sm l .10
[14:49] {Threei} Long Setup:  TZA  .35 break
[14:49] {Threei}  half lot
[14:49] {Threei}  invalidated
[14:50] {Threei}  .20 break
[14:53] {nemo} spy likely going for .20, look for tza there
[14:55] {Threei}  half out
[14:55] {Threei}  stop to .15
[14:56] {Threei}  out in full
[14:56] {Threei}  +.40
[14:59] {patience} nice
[15:00] {dino} gj
[15:00] {Threei}  ty
[15:05] {dino} out meli .15, +1.05
[15:16] {Threei}  nice!
[15:17] {dino} ty
[15:17] {patience} very nice
[15:21] {dino} ty
[15:29] {Threei}  so... last plunge is coming?
[15:29] {patience} i'm lost here, can't tell
[15:29] {Threei}  half lot long TZA .90
[15:29] {Threei}  if stays abovce .75
[15:30] {dino} gut says up
[15:30] {Threei}  valid still
[15:31] {Threei}  in
[15:32] {Threei}  half out
[15:32] {Threei}  stop to .85
[15:34] {Threei}  I don't remember having such a nice day on FOMC date
[15:34] {patience} i agree
[15:34] {dino} lod
[15:34] {Threei}  boom TZA
[15:34] {dino} whippy
[15:35] {dino} 11246 gap filled
[15:35] {Threei}  out +.60
[15:36] {dino} nice
[15:38] {dino} hmmm so far you are right, plunge
[15:39] {Threei}  panic
[15:39] {Threei}  crash
06[15:39] * Threei slants at larisa
[15:40] {Threei}  -(IT) Italy confirms FY11 GDP target cut to 0.7% from 1.1%
[15:55] {Threei}  what an ugly end
[15:56] {patience} should be interesting overnight trading
[15:56] {Threei}  ok guys, I believe we handled today beautifully
[15:56] {patience} ty vad
[15:56] {Threei}  have a great evening, see you tomorrow
[15:57] {dino} cya
[15:57] {larisa} bye :)

Sep 20 2011

(Participation in the room in real time requires membership)

Positive day but we haven' played it to its full potential - reversal and drop closer to end of day was one of those things that we saw coming and haven't found the right way to benefit from.


Session Time: Tue Sep 20 00:00:00 2011
[09:10] {Threei}  don't tell me... it's morning again?
[09:11] {patience} it starts earlier every day
[09:11] {Threei}  sigh
[09:13] {dino} gm all
[09:13] {Threei}  dino :)
[09:15] {RonS} gm everyone
[09:15] {patience} good morning Ron
[09:16] {Threei}  gap up despite Italy downgrade and China banks stopping swap lines with Europe - genuinely bullish, or denial to be disillusioned, or just this particular event is priced in (Italy downgrade was pretty much given)?
[09:16] {Threei}  ron :)
[09:20] {dino} imo italy a given, china a surprise
[09:20] {Threei}  my feeling too
[09:20] {RonS} patience up early is the surprise...
[09:21] {RonS} :)
[09:21] {Threei}  well, ese broke her windows yesterday with his bricks...
[09:21] {Threei}  she is on guard today
[09:23] {Threei}  JEF CEO: August performance was 'brutal'; September trading results have improved - conf call comments
[09:23] {Threei}  I'd say, we did considerably better than jefferies
[09:25] {patience} painted my deck and side panels yesterday Ron.  Couldn't sleep my body is so sore from it so i might as well trade   :)   besides i took some big positions yesterday, wanted to see them pre-market.  
[09:26] {larisa} gm :)
[09:26] {Threei}  larisa :)
[09:26] {larisa} vad :)
[09:31] {Threei} Short Setup: FCX  .80 break
[09:31] {Threei}  half lot
[09:31] {Threei}  stop above .90 scalpers, 40 day traders
[09:33] {Threei}  out
[09:33] {Threei}  morning volatility is here
[09:34] {Threei}  letting it spike to look for the reversal
[09:34] {Threei}  probably above .30
[09:35] {Threei}  ideally, spike into .30 - .40 range with short setup on .30 recross while stays under .40
[09:35] {dino} 07 all red
[09:36] {Threei}  patience... your turn to throw stones in ese's windows
[09:36] {Threei} Long Setup:  RIMM  .30 break half lot
[09:37] {Threei}  half out
[09:37] {Threei}  General Motors Corp Notes Chevy Volt electic vehicle will not qualify for Chinese govt incentive programs - press
[09:37] {Threei}  because it's not produced in china?
[09:38] {Threei}  out RIMM in full
[09:46] {Threei}  (GR) IMF comments on Greece: Country remains fully commited to staying in the Euro Zone
[09:46] {Threei}  sure
[09:48] {Threei}  tna
[09:48] {Threei} Long Setup:  TNA  .40 break
[09:49] {Threei}  half lot
[09:49] {nemo} .19 stop?
[09:49] {Threei}  .25
[09:49] {Threei}  half out
[09:50] {Threei}  stop to .35
[09:50] {Threei}  scalpers win
[09:51] {nemo} look for IWM bounce around .00 and spy around .05
[09:52] {Threei}  wanted TZA entry but closer to .60... it bottomed out a bit too high
[09:52] {nemo} spy and iwm at pivots
[09:52] {Threei}  daily?
[09:52] {nemo} weekly iwm daily spy
[09:54] {Threei} Long Setup:  FCX  .80 break
[09:54] {Threei}  if stays above .70 of course
[09:56] {Threei}  1:1
[09:59] {Threei}  out in full
[10:00] {dino} gj
[10:00] {Threei}  ty
[10:00] {Threei}  3 for 3 so far
[10:00] {Threei} Short Setup: SLW  .40 break
[10:00] {Threei}  if stays under .50
[10:01] {Threei}  invalidated
[10:01] {nemo} gold going through the roof
[10:01] {patience} oh happiness
[10:01] {dino} gpc sm l .48
[10:02] {Threei}  gold action tells me market in no way accepted that Europe situation becomes healthier
[10:02] {nemo} that's a big "Duh!"
[10:03] {Threei}  hey... don't trivialize my observations, they are trivial without your help {G}
[10:03] {Threei}  Captain Obvious, remember?
[10:04] {Threei}  the question raised because of bullish opening despite Italy
[10:04] {nemo} frickin' guineas
[10:09] {Threei} Short Setup: RIMM.15  break
[10:09] {Threei}  half lot
[10:09] {Threei}  with adding another half on .10
[10:09] {Threei}  stop .25 for the first half
[10:09] {nemo} target 0?
[10:09] {Threei}  the way daily looks, pretty much, lol
[10:10] {dino} gpc stop -.30
[10:11] {Threei}  ideally we stay under .10 and .21 becomes a stop for a full lot
[10:11] {Threei}  under .20, sorry
[10:14] {Threei}  stopped
[10:16] {Threei}  (IT) S&P: Italy cannot solve its debt problems through privatization of assets
[10:16] {Threei}  through what then?
[10:17] {nemo} cutting fiscal spending
[10:17] {Threei}  that only takes care of not increasing the debt going forward
[10:17] {Threei}  S&P is talking about paying down existing
[10:18] {Threei}  and says selling assets is not going to suffi ce
[10:18] {nemo} if you spend less than you take in, you pay stuff down
[10:18] {Threei}  yeah... at this scale and rate, in the next 3000 years
[10:18] {Threei}  meanwhile rollover dates come
[10:18] {Threei}  and money isn't there
[10:19] {Threei}  and selling assets doesn't cover it
[10:19] {Threei}  see mine ( and S&P's) point? :)
[10:22] {Threei}  grrr
[10:22] {Threei}  RIMM rinse
[10:23] {Threei}  here is the number:
[10:23] {Threei}  - According to Goldman Sachs, Italy has to rollover about $380B in debt by the end of 2012.
[10:24] {Threei}  what S&P is saying, Italy cannot meet that by privatization
[10:24] {dino} mkt saying it doesn't matter so far today
[10:24] {Threei}  that was my morning question...
[10:24] {Threei}  what is with this strength - priced in? denial?
[10:25] {dino} today is key word
[10:27] {patience} locked in my profit with gdx and hgu....will just look for another entry point
[10:28] {dino} 1216 gap
[10:32] {dino} nflx -70 pts 4 days
[10:32] {Threei}  and shows no signs of bottoming
[10:32] {Threei}  sic transit gloria mundi
[10:40] {dino} gpc l .60
[10:47] {dino} out gpc .75, +.15
[10:48] {Threei}  easy money
[10:48] {Threei}  my favorite kind
[10:59] {dino} 1216 filled
[10:59] {Threei}  RIMM is losing support... short entry is not really obvious though
[11:03] {Threei}  ugh
[11:03] {Threei}  hate it when it rinses us, then works
[11:04] {dino} hls l .29
[11:06] {nemo} just got rinsed on MCP stopped out for the day
[11:12] {dino} cat sm s break .60
[11:13] {Threei}  hard to distinguish SPY action here
[11:13] {nemo} at trend line for the day
[11:13] {Threei}  looks reversing, but this kind of reversals proves to be very elusive lately
[11:14] {Threei}  I am not fond of idea to short it at will
[11:15] {dino} cat bstop is .81
[11:21] {dino} out hls .41, +.12
[11:26] {Threei} Long Setup:  FCX  .05 break
[11:26] {Threei}  if holding 40
[11:27] {dino} cov cat .30, +.30
[11:27] {Threei}  nice one
[11:28] {dino} ty
[11:28] {Threei}  despite extremely tight stop, target is fairly solid on FCX, about .35
[11:28] {Threei}  three partials
[11:31] {Threei}  no go
[11:45] {Threei} Long Setup:  TZA  .70 break
[11:45] {Threei}  stop under .60
[11:47] {Threei}  sigh
[11:47] {Threei}  why did't we go vback to sleep after first 3 wins?
[11:53] {Threei}  anyone breathes at all?
[11:53] {Threei}  or am I talking to myself?
[11:54] {patience} just in a scalp in hgu
[11:54] {RonS} hear here 3i
[11:55] {patience} out, ok, time for a run, awesome day
[11:56] {Threei}  one more dive TZA, and should be scalpable
[11:56] {Threei}  from around .10
[11:57] {nemo} unless this is the break of a bull flag
[11:57] {nemo} if we break resistance, 123.80 next target on spy
[11:58] {RonS} meli dino...
[12:01] {Threei}  nice TZA bounce but .20 wasn't really all that clear to me as an entry
[12:06] {dino} yeah
[12:08] {Threei}  this one seriously got away, uh?
[12:10] {dino} nemo, what do you see? down?
[12:11] {dino} sm s brk/b .34
[12:11] {nemo} dead people
[12:11] {dino} me too, lots of them
[12:11] {nemo} down to the 121.25 area
[12:12] {nemo} we
[12:12] {nemo} We
[12:12] {nemo} we're at premarket high at .38
[12:12] {dino} gut has us going to flat
[12:13] {nemo} .25 area has Monthly Pivot, VWAP and r1
[12:13] {dino} ty
[12:18] {Threei}  have to try TZA again
[12:18] {Threei}  .75
[12:19] {Threei}  SPY loss of .50 should do it
[12:19] {RonS} ...has anyone been looking at Dr. Copper? ...big negative divergence w/ this market...check out jjc daily
[12:19] {dino} predicting recession
[12:24] {Threei}  changing to .70 break
[12:27] {Threei}  still valid
[12:27] {Threei}  barely
[12:27] {Threei}  but
[12:27] {nemo} when's the Fed meeting start?
[12:28] {nemo} ya' know you could by a lot of both tza and tna and wait
[12:28] {Threei}  we will hear from them tomorrow
[12:28] {Threei}  2:15
[12:30] {dino} this twist idea may be holding up mrkt
[12:32] {Threei}  1:1
[12:37] {Threei}  out in full
[12:37] {Threei}  needed this win top reconsolidate morning gains
[12:44] {Threei}  underestimating potential of TZA today
[12:54] {RonS} V and MA made moves...axp next?
[12:55] {RonS} copper at low 3.72
[13:04] {dino}  brk/b stop -.02
[13:06] {Threei}  59% View Hillary Clinton Favorably
[13:06] {Threei}  buyers regret/
[13:07] {dino} ilmn drop
[13:09] {dino} sm l .95
[13:14] {dino} stop -.22
[13:18] {dino} ilmn sm l .45
[13:27] {dino} out ilmn .05, +.60
[13:28] {dino} cstr drop
[13:30] {Threei}  (GE) Germany Chancellor: Concept of 'economic growth at all costs' should end, was part of the cause of the recent debt crisis
[13:30] {Threei}  - Current crisis provides great opportunity to put debts in sustainable paths
[13:30] {Threei}  FITB
[13:30] {Threei}  didvidend increase
[13:31] {Threei}  nice daily...
[13:31] {Threei}  ese might be interested
[13:31] {Threei}  FITB used to be his stock
[13:31] {Threei}  in case senility takes over, someone remind me to tell him tomorrow when he is in
[13:33] {dino} nope
[13:41] {dino} cstr sm l .75
[13:42] {dino} stop -.30
[13:44] {dino} rinsed
[13:58] {dino} tzoo drop
[14:02] {nemo} big iwm volume this minute
[14:03] {nemo} guess I shoulda taken whichever way it went off that minute
[14:04] {Threei}  TZA spiked too
[14:04] {nemo} that was my point, that really high volume candle on IWM, take it whichever way it goes off of that
[14:05] {Threei}  lol... Brasil denies help yo EU
[14:05] {Threei}  as if iy was ever viable option
[14:11] {dino} joyg lod
[14:13] {dino} cyou sm l .00
[14:16] {dino} joyg sm l .00
[14:30] {nemo} wonder if we're getting into the pre-Fed chop
[14:30] {dino} y imo
[14:31] {dino} easing thru twist idea is supposed to be good for markets
[14:32] {dino} joyg stop -.26
[14:33] {Threei}  (US) PIMCO sees Fed funds market as negatively impacted if the Fed decides to cut interest paid on excess reserves (IOER) at meeting
[14:33] {Threei}  - PIMCO notes that a cut of the interest on excess reserves could hurt earnings margins for banks; PIMCO sees likelihood that Fed may instead choose to trim the IOER slightly rather than imposing a full cut from 25bps
[14:33] {Threei}  that was twisted idea anyway
[14:34] {dino} that and going longer term vs short to lower rates
[14:34] {dino} joyg messed up today
[14:35] {nemo} .30 vwap on spy .25 pivot on iwm, probably a bounce in that proximity
[14:36] {dino} ilmn sm l .51
[14:49] {Threei}  I'd expect hard pullback on TZA here, into .50 - .60 area where I'd be a buyer
[14:50] {nemo} spy sitting on monthly pivot iwm .10 above the Weekly pivot
[14:54] {nemo} this long setup is almost too obvious
[14:55] {nemo} hahh...guess it was so obvious it should have been taken
[14:55] {dino} out ilmn .91, +.40
[15:00] {dino} sina blood
[15:06] {Threei}  (GR) Troika officials said to plan to return to Athens in Oct to complete Greek review - press
[15:06] {Threei}  yikes
[15:06] {dino} ndx red
[15:06] {Threei}  sends market back in uncertainty
[15:07] {Threei}  positive day but i can't say i am happy with how i played it
[15:07] {dino} same here, bit light
[15:17] {patience} in pot and hgu
[15:19] {dino} ilmn sm l .35 stop .19
[15:22] {dino} stop
[15:23] {nemo} .11 tna would be a good bet
[15:23] {nemo} or right here spy
[15:24] {nemo} nope
[15:25] {Threei}  remarkable weakness
[15:27] {Threei}  this is what I am really unhappy about: I weaited for this weaknedd, believed it had to come, yet haven't found right entry
[15:29] {Threei}  I guess that slow climb and then really long consolidation near the high kind of lulled me
[15:31] {dino} gr
[15:34] {Threei}  take a look at Italy CDS
[15:34] {Threei}  http://www.cnbc.com/id/38451750
[15:34] {Threei}  this is closing in on point of no return
[15:36] {Threei}  GR news dinop
[15:36] {Threei}  Goodrich Corp UTX said to be in late stage discussions on final terms of deal with Goodrich - financial press
[15:41] {patience} added anv, xgd, iag
[15:42] {Threei}  SVM ginishes with nice strenght
[15:42] {Threei}  finishes even
[15:42] {Threei}  remember swing trade chart
[15:42] {dino} tzoo blood
[15:46] {Threei}  wow
[15:47] {Threei}  who would have thought SPY goes red by the end of the day
[15:47] {Threei}  good... we should get some good ones tomorrow morning, befofe market goes dead in waiting for Fed
[15:47] {Threei}  OK guys, thank you all
[15:47] {Threei}  have a great evening
[15:47] {larisa} bye :)
[15:48] {Threei}  see you tomorrow bright and early
[15:48] {Threei}  or how you look in the morning
[15:50] {patience} added gg, more gdx - long term account
[15:51] {patience} ty vad

Sep 19 2001

(Participation in the room in real time requires membership)

Nice quiet day with 6 trades, out of which one got stopped, and five led to profits. Let me show a chart with nice potential for swing traders - IF the scenario outlined on the chart plays out, and IF nasty battle arounf this stock is won by the company. SVM is a hotly discussed stock of late, with accusations and rebuttals flying back and forth. Staying away from fundamentals, want to throw in a chart with possible scenario. Easy to recognize if you follow my setups, but ask if needed

Session Time: Mon Sep 19 00:00:00 2011

[09:05] {dino} gm all

[09:05] {Threei}  morning dino

[09:06] {dino} hmmm trh 52/sh cash t/o offer

[09:07] {dino} lol, only open unti close today

[09:08] {RonS} gm everyone...impressive article on the log nemo

[09:08] {Threei}  ron :)

[09:11] {ese} morning and welcome to my new reality....at least for 4 months

[09:11] {Threei}  ese :)

[09:11] {Threei}  or :(

[09:12] {ese} definitely the later

[09:12] {Threei}  so the only question about Greece is: will default be announced this seek or postponed again?

[09:13] {dino} postponed until they get next round of mooney

[09:13] {Threei}  but they won't

[09:13] {dino} some due this week i think

[09:13] {Threei}  look at this:

[09:13] {Threei}  - German Chancellor Merkel party makes it 0 for 6 in elections

[09:14] {ese} with all the construction at my school vad it forced the administration to do rescheduling of classes and rooms to make things work 

[09:14] {Threei}  this is loud and clear singla to all politicians of EU: stop bailing out other sovereign nations

[09:14] {ese} i'm a victim

[09:14] {Threei}  oh, I see where it came from

[09:14] {Threei}  was wondwring why they would do such a weird scheduling

[09:15] {dino} just retire from teaching ese

[09:15] {ese} I don't know if you'c seen the school before on fernwood street but if you drive by it now you may not recognize it

[09:15] {ese} ya think so dino

[09:15] {ese} thats the plan

[09:15] {Threei}  I sure did, lol

[09:16] {ese} lol

[09:18] {Threei}  I've also seen construction when went to Bellfry last time

[09:18] {Threei}  look at SLW guys

[09:19] {Threei}  here is what happened to this one as far as market following concerned:

[09:19] {Threei}  sometimes it goes up when market does, and sometimes it does opposite,

[09:19] {Threei}  and it depends on the reason of market move:

[09:19] {Threei}  if market drops because of EU troubles, SLW goers up,

[09:20] {Threei}  as it's seen as safe haven

[09:20] {Threei}  if market drops because of general economy worries, SLW drops with market

[09:20] {Threei}  how about that, instead of simple relation

[09:25] {RonS} wow .tnx -110 basis points

[09:29] {Threei}  FCX, bounce to about .60 is for short entry

[09:31] {dino} down gaps 11246, 2252, 1188

[09:32] {Threei} Short Setup: SLW  .90 break

[09:33] {nemo} spready

[09:33] {Threei}  half lot...

[09:33] {Threei}  and ..5 as a stop

[09:33] {Threei}  .05

[09:34] {Threei}  target is about .60

[09:35] {Threei}  two partials

[09:36] {Threei}  let's trail to .01

[09:36] {Threei}  first part out

[09:36] {Threei}  stop to .96

[09:39] {Threei}  stop to .91

[09:40] {Threei}  crap, missed that FCX top between .50 and .60

[09:40] {Threei}  out SLW

[09:41] {Threei} Long Setup:  FCX  .15 break

[09:42] {nemo} a little quick for me

[09:42] {Threei}  see if dives toward .10 for secondary entry

[09:42] {Threei}  here it is

[09:43] {Threei}  .05 stop

[09:44] {Threei}  SPY new low

[09:44] {Threei}  it better hold here

[09:44] {nemo} just broke below weekly pivot

[09:44] {dino} wants those gaps

[09:44] {Threei}  FCX resists

[09:44] {Threei}  so far so good

[09:45] {Threei}  needs to go over .20 again, and will be golden

[09:45] {RonS} hearing O tv at 10:30 edt

[09:45] {Threei}  yeah, new plan

[09:45] {Threei}  new tax

[09:45] {Threei}  out FCX

[09:46] {Threei}  SPY lost support

[09:46] {dino} more taxes, more regs ron

[09:47] {nemo} GDX is moving up

[09:48] {RonS} guess it boils down to question whether he is chokeing his chicken or strangling the goose

[09:49] {dino} lol

[09:49] {dino} its a non-starter, won't pass. just using it for campaign purposes

[09:50] {Threei}  interestingly enough RIMM is green

[09:50] {Threei}  look at FCX

[09:51] {dino} ?

[09:51] {Threei}  there is just so long it can hold against the index

[09:51] {dino} agreed

[09:51] {Threei}  RIMM...

[09:52] {nemo} we're getting into that irrational versus solvency discussion

[09:52] {Threei}  ?

[09:52] {nemo} The market can stay irrational (rimmm) longer than we can stay solvent

[09:52] {Threei}  oh

[09:52] {Threei}  let's see if it gives us long entry on pullback

[09:53] {Threei}  closer to 24 would be nice

[09:54] {Threei}  FCX

[09:54] {Threei}  looks almost ready

[09:55] {nemo} mkt indicators turning up

[09:55] {Threei} Long Setup:  FCX  .80 break

[09:55] {Threei}  valid still

[09:56] {Threei}  let's change to .75 break

[09:56] {Threei}  semi-aggressive

[09:56] {Threei}  if holding .65

[09:56] {dino} titn sm l .90

[09:57] {Threei}  invalidated

[09:58] {Threei}  come on RIMM

[09:58] {Threei}  10-15 cents more

[09:59] {nemo} numbers

[09:59] {Threei}  housing market

[10:00] {Threei}  *(US) SEPT NAHB HOUSING MARKET INDEX: 14 V 15E

[10:01] {Threei} Long Setup:  FCX  .60 break

[10:01] {Threei}  if stays bove .50 for scalpers

[10:01] {dino} fcx sm l .60

[10:01] {Threei}  .45 day ttraders

[10:01] {Threei}  target .95

[10:01] {Threei}  three partials

[10:02] {Threei}  first part out

[10:02] {Threei}  stop to .55

[10:03] {Threei}  girls took Monday off or what

[10:03] {Threei}  larisa, patience

[10:04] {dino} maybe so

[10:04] {Threei}  ese, throw a stone in patience window pls

[10:05] {Threei}  come on FCX

[10:05] {Threei}  you can do better than this

[10:05] {Threei}  stop to .59

[10:06] {Threei}  oh boy... we will hear for Timmy too today

[10:06] {Threei}  puking reflex ensues

[10:07] {Threei}  second part out, FCX

[10:07] {Threei}  stop to .64

[10:09] {Threei}  RIMM starts looking short

[10:09] {Threei} Short Setup: RIMM  .10 break

[10:09] {Threei}  if stays under .20

[10:09] {Threei}  half lot

[10:10] {Threei}  OK FCX, last thrust please

[10:10] {Threei}  to above .90

[10:10] {nemo} uptick rule in effect

[10:10] {Threei}  a little bit labored trade but safe and not overly fast

[10:11] {Threei}  if anyone got RIMM feel free to start covering

[10:12] {Threei}  stop to .69 FCX

[10:12] {dino} out fcx .80, +.20 

[10:13] {ese} sticks and stones.......may break patients bones......but...but ...but....hmmmmmmmmm......whats she up to now vad

[10:14] {Threei}  sleeping in obviously, lol

[10:14] {Threei}  out last portion FCX

[10:14] {dino} joyg sm l .90

[10:14] {ese} well......i'm watching my screens and it feels like i'm sleeping.......

[10:16] {dino} titn to .10

[10:16] {dino} 1188 filled

[10:16] {ese} theres alot to this being consistent.......i missed a couple of days last week and when i look at my screens they look like hyroglythics

[10:16] {ese} sheesh

[10:16] {dino} randon dance markets, but filling gaps consistantly

[10:16] {nemo} gawd...ese...I saw that...spelling, and I figured it was vad

[10:16] {ese} it's like relearning everytime this happens to me

[10:17] {dino} out titn .11, +.21

[10:17] {ese} i thought it was creative nemo

[10:17] {ese} oh alright......hyroglifics

[10:18] {ese} no comment

[10:18] {ese} ok.....hieroplyphics

[10:19] {dino} how about hyfics

[10:19] {ese} oops hieroglyphics.........i think thats right

[10:20] {nemo} I don't know, I just knew it didn't work phonetically

[10:20] {ese} hell....now i'm not even sure

[10:20] {Threei} Short Setup: FCX  .60 break

[10:21] {Threei}  ugh

[10:21] {Threei}  sorry wriong symbol

[10:21] {Threei}  and noone saysa word

[10:21] {Threei} Short Setup: X  .60 break

[10:22] {dino} obamination in ten, most likely 20 minutes late, plus -100 pts on him speaking

[10:26] {Threei}  X invalidated

[10:31] {dino} out joyg .60, +.70

[10:31] {Threei}  nice

[10:31] {dino} thx

[10:31] {dino} brb

[10:32] {Threei}  I have to say, for such gap down the activity is very timid

[10:32] {Threei}  1 hour in, we have just three trades?

[10:33] {Threei}  no, 4

[10:40] {Threei}  another imbecile opened his mouth:

[10:40] {Threei}  Larry Summers: The world must insist that Europe act

[10:40] {Threei}  I can't believe this

[10:40] {Threei}  cretines that got us in this mess are lecturing Europe

[10:41] {dino} whats not to believe

[10:41] {Threei}  the nerve on these folks

[10:41] {Threei}  summers, geithner

[10:42] {dino} lol obamination is late as usual

[10:46] {dino} hate to have a tee time w/obamination, huh ese

[10:50] {dino} 20 minutes late and counting

[10:50] {dino} egomaniac

[10:51] {dino} osis spike

[10:51] {RonS} hey, it's hard to play "pin the tail on the donkey"

[10:52] {Threei} Short Setup: RIMM  24 break

[10:52] {dino} osis crazy

[10:52] {Threei}  if stays under .10

[10:52] {nemo} rimm

[10:52] {RonS} nice spread osis

[10:53] {dino} lol

[10:53] {ese} back in

[10:53] {dino} no news?

[10:53] {Threei}  none here

[10:56] {Threei}  the wait is over dino

[10:57] {Threei}  RIMM 1:1

[11:01] {Threei}  ese did throw that stone

[11:02] {Threei}  now patience sweeps up the glass shards

[11:02] {Threei}  while it's quiet, everyone saw the article on pivot levels?

[11:03] {dino} bummer

[11:03] {Threei}  will be a weekly feature for those who use them

[11:03] {patience} read it, as soon as i understand what i am doing, will try

[11:03] {patience} better that nemo come up to victoria and my office and just show me 

[11:04] {Threei}  good idea

[11:05] {dino} retail holds well

[11:06] {dino} ragging boehner again

[11:07] {Threei}  why else to come to the mike

[11:09] {Threei}  here comes Buffet secretary again

[11:10] {Threei}  these folks really believe no one understands how false this argument is

[11:10] {Threei}  mixing income tax and capital gain tac

[11:14] {RonS} hearing O perseverating...

[11:14] {dino} mnta drop

[11:15] {dino} whitehouse.gov

[11:15] {dino} mnta?

[11:16] {Threei}  Momenta Pharmaceuticals Inc Ticks lower on reports that Amphastar has received approval for generic Lovenox

[11:17] {dino} ty

[11:19] {dino} cyou sm l .75

[11:26] {Threei}  interesting point on Bloomberg TV

[11:27] {Threei}  goes like:

[11:27] {Threei}  president just called for capital gain tax increase to 35%, and market didn't flinch,

[11:27] {Threei}  which means market realized this is bluff and none of this will be materialized

[11:27] {Threei}  otherwise it would sell off like crazy

[11:28] {RonS} "the emperor has no clothes"

[11:30] {dino} right

[11:38] {nemo} rrc

[11:38] {dino} rrc

[11:38] {nemo} was gonna'' say got dino written all over it

[11:39] {dino} not yet

[11:39] {dino} no news

[11:41] {RonS} $RRC takeover speculation

[11:43] {dino} ty

[11:43] {Threei}  Range Resources Corp. Hearing Dealreporter speculating the company has received bids

[11:46] {ese} L sgen.26

[11:47] {ese} whoa...out 1/2

[11:47] {ese} .43 +.17

[11:48] {dino} gj

[11:49] {ese} out full sgen .46 +.20....good things are worth waiting for 1k/1k

[11:49] {Threei}  :)

[11:51] {Threei}  here comes Timmy

[11:51] {ese} tinny timmy with the eukelele

[11:52] {Threei}  lol

[11:52] {ese} what ever happen him anyway   ....tiny tim...............does he still reside on this planet?

[11:53] {nemo} died about 5 years ago

[11:53] {ese} hmmm   didn't know that....how old nemo?

[11:53] {nemo} I think early 60's

[11:53] {ese} ah oh......bit young

[11:54] {RonS} heard the tulips got to him

[11:54] {nemo} just for info:  spy bounced right at 50% retracement of the 7/10 bottom

[11:55] {nemo} 5, years ago....hah, 15 years ago

[11:55] {nemo} boy time flies

[11:55] {ese} he never did learn....shoulda stopped doing tulips long ago

[11:55] {Threei}  ll... Tim says "we are working close with EU"

[11:55] {nemo} he dried the petals and snorted them

[11:55] {Threei}  EU thinks it's too close for their comfort obviously

[11:55] {ese} thats a given

[11:57] {Threei} Short Setup: HPQ  .75 break

[11:58] {Threei}  just a scalp most likely

[12:17] {Threei}  things stalled

[12:19] {nemo} looking for spy long

[12:19] {nemo} might just be a scalp

[12:19] {nemo} coming into trend line

[12:21] {Threei}  looks breakdownish to me...

[12:21] {nemo} could be vwap at .30

[12:21] {nemo} and .96 on IWM

[12:21] {nemo} would be logical spot

[12:27] {Threei}  break already HPQ

[12:35] {nemo} like tna if sp goes over .45

[12:46] {ese} cya tomorrow

[12:46] {Threei}  take care ese

[12:47] {dino} sm l ssys .14

[12:48] {dino} sm l gpc .08

[12:50] {Threei}  feel free to cover HPQ as you see fit

[12:51] {Threei}  just a scalp

[13:05] {dino}  ssys stop

[13:23] {dino} chk sm l .61

[13:29] {patience} good morning

[13:29] {patience} vad, do you have any sense for fcx

[13:29] {Threei}  down

[13:29] {Threei}  bottomless

[13:29] {patience} you are brilliant

[13:29] {Threei}  no support as far as eye can see

[13:29] {Threei}  I am?

[13:30] {patience} yup, needed another opinion

[13:30] {Threei}  good morning then

[13:30] {Threei}  and sorry for sending ese to throw stones at your window

[13:30] {patience} ran most of yesterday, can barely move my body to reach my coffee cup

[13:30] {patience} i needed broken windows to get me to apply for my freebie government rebate to replace the windows anyhow

[13:31] {Threei}  oh ok

[13:31] {Threei}  not sorry then

[13:31] {nemo} 38.13 spy below s3 which is 39.10  

[13:31] {nemo} fcx sorry

[13:31] {patience} ty, but please work with me to interpret

[13:32] {nemo} 39.10 is S3 pivot support on the daily, which is relatively extreme for movement in a single day

[13:32] {nemo} below that 38.13 seems to be price support

[13:33] {patience} ty  :)

[13:33] {nemo} below that I see 36.30 with possibility in the 36.90 area

[13:42] {dino} .

[13:52] {dino} mako

[13:55] {nemo} if you don't count the gap down, this has been a quiet day

[13:55] {dino} pretty boring from 11 on

[13:55] {Threei}  strangely quiet for the sizeable gap

[13:55] {Threei}  which doesn't bode way for the market btw

[13:55] {nemo} pre Fed effect

[13:56] {Threei}  if we don't get energetic bounce today, selling is far from done

[14:16] {dino} out gpc .48, +.40

[14:18] {dino} out chk .93, +.32

[14:31] {Threei}  nice

[14:32] {Threei}  took me a while to wake up anmd see those

[14:32] {Threei}  but better late than never

[14:41] {dino} thx

[14:42] {Threei}  (GR) Greece Fin Min Venizelos: Talks with Troika officials are over; Announcement expected shortly

[14:42] {Threei}  get out of the way... no one knows what they are going to say and how it's going to move the market

[14:43] {dino} leaked?

[14:43] {Threei}  ot just hope

[14:43] {Threei}  (GE) Germany Chancellor Merkel affirms support for financial transaction (tobin) tax; must at least be implemented in Europe and ideally worldwide

[14:43] {Threei}  - It would be a disasterous political message if euro zone member states could be thrown out of the EMU because of difficulties.

[14:43] {Threei}  - Remains unclear whether there is even treaty language that allows the EMU to force a member state to stick to the rules.

[14:44] {Threei}  what a mess, jeez

[14:54] {nemo} difficulties???

[14:54] {Threei}  lol

[14:54] {nemo} oh jeez...

[14:57] {nemo} nothing personal, but I almost feel like the world deserves to collapse

[14:57] {nemo} 2012 can't come soon enough

[14:57] {nemo} flush this outhouse and start over

[14:59] {dino} light this candle

[14:59] {nemo} arguably the day is forming a nice bear flag

[15:00] {Threei}  bear?

[15:00] {nemo} 30 min chart

[15:01] {Threei}  on daily?

[15:01] {nemo} 30 min chart

[15:02] {Threei}  losing me

[15:02] {Threei}  show me the flag

[15:02] {Threei}  where it starts?

[15:03] {nemo} ok...hold on

[15:04] {nemo} just sent it

[15:07] {dino} pru l .58

[15:07] {nemo} see it?

[15:08] {nemo} or is it a figment of bunny's imagination...she pointed it out

[15:08] {RonS} had a feeling she wrote that article...

[15:08] {nemo} had to get a special keyboard for her paws

[15:09] {RonS} lol

[15:09] {Threei}  the flag starts at the point 1?

[15:10] {nemo} yeah, but that's "1" is starting to track the multi-time frame review for the week...that's the 50% retracement of the 7/10 bottom

[15:11] {Threei}  OK, I see what you mean

[15:11] {Threei}  somewhat weird time frame for me

[15:11] {Threei}  had to reconcile it with my charts

[15:11] {Threei}  and fainted twice in the process

[15:12] {dino} out pru .72, +.14

[15:12] {Threei}  careful

[15:12] {Threei}  idiots open their mouthes once again

[15:12] {Threei}  (GR) Greece Fin Ministry claims that Greece is nearing a deal with Troika

[15:13] {Threei}  see how market sparkles immediately?

[15:18] {RonS} what a crock rally:  Some Work Still Needed To Quantify Measures - Greek Finance Official - Reuters

[15:19] {Threei}  heh

[15:19] {Threei}  in my view, it's just a brave face

[15:20] {Threei}  trying to put out some optimistic soundbites

[15:20] {Threei}  whatever they decide, it's unresolvable situation

[15:20] {dino} bingo, poli talk/spin

[15:30] {dino} gn all, gotta hop

[15:30] {dino} thx for ideas

[15:33] {Threei}  take care dino

[15:46] {Threei}  pretty sure it's a rally before the next headline

[15:51] {Threei}  OK guys, let's have a pleasant relaxing evening, see you tmorrow

[15:51] {patience} ty vad