Feb 21 2013

Another great day with 6 wins out of 8. 

Session Time: Thu Feb 21 00:00:00 2013

[07:49] {nemo} mmmmhhhhh...somebody should be here to play with me.

01[08:47] {Threei}  wake up bunny?

[08:48] {nemo} cute

[08:58] {dino} gm

01[09:00] {Threei}  dino :)

[09:07] {scottie} good morning

01[09:07] {Threei}  scottie :)

[09:08] {patel} Good Morning

01[09:08] {Threei}  patel :)

[09:14] {nemo} kneecap is here

[09:16] {jdetente} gm all

01[09:17] {Threei}  jd :)

[09:18] {Will49} good morning

01[09:18] {Threei}  will :)

[09:18] {dptl} GM

[09:18] {dptl} oops

[09:18] {cipher} gm

01[09:18] {Threei}  dp :)

[09:25] {thomcbell} gm all

01[09:25] {Threei}  tbell :)

01[09:30] {Threei} Short Setup: GDX  .60 break hl

01[09:31] {Threei}  Invalidated  

01[09:32] {Threei}  valid again

01[09:32] {Threei}  let's change to .65 break

01[09:32] {Threei}  If holds  .75 

01[09:34] {Threei}  volatile opening... touched 1:1 but no fill

01[09:34] {Threei}  stop .71

01[09:34] {Threei}  1:1

[09:35] {patel} I took it all off

[09:35] {nemo} the battle for 151 is engaged...and I ain't talking the rum

01[09:35] {Threei}  good idea

[09:35] {patel} that stock is drunk this morning

01[09:35] {Threei}  so, we profited from a drunk stock? tsk tsk tsk

[09:35] {nemo} what's wrong with that?

[09:36] {cipher} mcrs l .95

[09:36] {patel} that was a nice trade though

[09:36] {patel} tks

[09:36] {nemo} watching FAS rollercoaster

[09:37] {ese} morning

[09:37] {ese} won't be here long

[09:38] {cipher} out mcrs -.36

[09:38] {ese} have been filming a DVD project with my high school R&B band and were back at it again today

[09:38] {Will49} none of us are here for very long:)

[09:38] {cipher} tsla l .09

[09:38] {ese} ah

01[09:38] {Threei}  lol

01[09:39] {Threei}  hi ese

[09:39] {ese} i noticed that Ben Bernackers opened his mouth again yesterday and it tanked the mrkt

[09:39] {ese} hi vad

[09:39] {cipher} gild l .57

[09:39] {nemo} 35.76 area on tsla cipher

01[09:39] {Threei}  yes, and I regretted you weren't here to see

01[09:40] {Threei}  any hint that money injection may end , and market drops like a stone

[09:40] {cipher} mcrs l .51

01[09:40] {Threei} Short Setup: CAT  .40 break hl

01[09:40] {Threei}  Invalidated  

[09:40] {cipher} out tsla -.27

[09:41] {ese} call me crazy but i'm feeling a correction coming...........if that wasn't the start of it yesterday

[09:41] {nemo} wow...so prescient of you

[09:41] {ese} thanks

[09:41] {cipher} out mcrs .90+.39

[09:41] {dino} db sm l .15

[09:42] {ese} always glad to help or lend an opionion

[09:42] {cipher} tsla l .21

[09:42] {thomcbell} lvs will have a nasty bounce at some point 

01[09:43] {Threei} Short Setup: SLW  .70 break

01[09:43] {Threei}  hl

01[09:43] {Threei}  If holds  .80 

[09:43] {ese} Vad is your trade the news site working

01[09:44] {Threei}  had a hiccup earlier

01[09:44] {Threei}  back up now

[09:44] {ese} mines not working

[09:44] {ese} something about too many redirects

01[09:44] {Threei}  close and reopen

01[09:44] {Threei}  worked for me

[09:45] {cipher} out tsla .60 +.39

[09:45] {ese} nope still won't let me in

[09:45] {ese} bastards

01[09:45] {Threei}  1:1

[09:46] {ese} who do they think there messing with 

[09:47] {dino} db stop -.17

[09:47] {scottie} out +.09 tks VAd

01[09:47] {Threei}  yw

[09:48] {cipher} jazz l .35

[09:48] {dino} mant sm s .36

[09:49] {cipher} tsla s .10

[09:49] {patel} wow SLW 

01[09:50] {Threei}  out in full

[09:50] {jdetente} nice trade

[09:50] {jdetente} ty

01[09:50] {Threei}  yw

[09:50] {patel} I just scalped it for +.10 tks Vad

01[09:51] {Threei} Long Setup:  LVS  .50 break

[09:51] {cipher} cov tsla .81 +.29

01[09:51] {Threei}  If holds  .40 

[09:51] {nemo} look at the range vxx did yesterday, wow

01[09:52] {Threei}  Invalidated  

[09:52] {cipher} infa l .60

[09:54] {dptl} RHI short?

[09:55] {cipher} gpor l.18

01[09:55] {Threei}  LVS

01[09:55] {Threei}  valid again

01[09:55] {Threei}  hl, stop under .40

[09:56] {cipher} out infa -.16

[09:56] {dino} db sm l .01

01[09:58] {Threei}  1:1

[09:58] {scottie} +.10 tks again

[09:58] {patel} out of LVS tks

01[09:58] {Threei}  yw

[09:58] {cipher} allt l .36

[09:58] {nemo} numbers coming

[09:58] {patel} yup

[09:59] {Will49} tks Vad LVS out

01[09:59] {Threei}  hey guys, fear not:

01[09:59] {Threei}  PL) Fitch raises Poland sovereign outlook to Positive from Stable; reaffirms A- rating

[09:59] {ese} getting cut everywhere......

[10:00] {nemo} ahhhh the land of Spirytus

[10:00] {nemo} not good numbers

01[10:00] {Threei}  Phil Fed is baaaaad

01[10:00] {Threei}  -12.5 v +1.1E

[10:00] {cipher} out gpor .34 +.16

[10:00] {nemo} Anarchy Anarchy Anarchy

[10:00] {Will49} finally

01[10:00] {Threei}  the rest of numbers is OK

01[10:00] {Threei}  so, not full blow anarchy yet

[10:01] {nemo} bummer

[10:01] {nemo} pestilence, plague, famine, BRING IT ON!!!!

01[10:01] {Threei}  I know, right?

[10:01] {nemo} over the top, huh?

01[10:01] {Threei}  first they promised us Dec 2012

01[10:01] {Threei}  nothing happened

[10:01] {nemo} notice how many asteroid near misses

[10:01] {Will49} least we can do is raise our eyebrows

01[10:02] {Threei}  Grumpy Cat was very unhappy about that miss

[10:02] {dino} cov mant .53, -.16

[10:02] {cipher} mdvn l .35

[10:03] {cipher} gpor l .92

[10:04] {dino} tsla sm l .99 stop lod

01[10:04] {Threei} Short Setup: SLW  .60 break

[10:05] {cipher} out gpor .81 -.11

01[10:05] {Threei}  If holds  .70 

01[10:05] {Threei}  frikin LVS... had more in it

01[10:05] {Threei}  got interruoted by that Phil Fed number dump

[10:05] {cipher} out mdvn .62 +.27

[10:05] {ese} I'm trying to figure how your going to trade pestilence plague famine.........am looking forward to that

[10:06] {cipher} gpor l .93

01[10:06] {Threei}  long pork bellies...

[10:06] {ese} lol

01[10:06] {Threei}  long vaccine stocks...

[10:06] {ese} ok.....i get it

01[10:06] {Threei}  long GM foods

[10:07] {ese} too funny

01[10:07] {Threei}  long gun manufacturers of course :)

[10:08] {ese} i have this bizzare suspicion the markt is going to be up by the end of the day

[10:08] {ese} negative news brining opposite reaction and all that

[10:08] {ese} bringing

[10:08] {cipher} out gpor .78 -.14

[10:08] {thomcbell} fb straight down move - looking for some sort of a setup to develop 

01[10:09] {Threei}  .55 break

01[10:10] {Threei}  worth a try

[10:10] {Will49} charts stopped again!

[10:10] {dptl} ye

01[10:10] {Threei}  wtf... mine work

[10:10] {dptl} server 5

[10:10] {dptl} works

[10:11] {Will49} yes 5 works

[10:11] {cipher} out allt .60 +.24

01[10:11] {Threei}  1:1, tbell :)

[10:14] {cipher} ebay l .60

[10:15] {cipher} mon l.91

01[10:17] {Threei}  no go SLW

[10:17] {dptl} ah stopped

[10:18] {cipher} out jazz .42 +.07

[10:20] {thomcbell} fb ugly action 

[10:20] {cipher} ebay stopped .55 -.05

[10:21] {dptl} COH .70 short?

[10:21] {dino} wpz sm l .54

01[10:22] {Threei}  COH, yes

01[10:22] {Threei} Short Setup: FB  .45 break

01[10:22] {Threei}  If holds  .55 

[10:23] {cipher} out mon .17 +.26

[10:24] {dino} tsla stop -.30

01[10:24] {Threei}  1:1

[10:26] {cipher} wpz +.33 thx dino

[10:30] {Will49} got .09 on FB Tks.. no country for old men:)

01[10:31] {Threei}  lol

[10:33] {dino} gj, yw

[10:33] {dptl} VZ .90 long?

[10:35] {cipher} dino, on WPZ... what do you call this kind of setup?

01[10:35] {Threei}  if holds .80, yes

[10:35] {dino} pulp

[10:35] {cipher} because you didn't buy close to the bottom

[10:35] {cipher} ah, got it :)

[10:36] {dino} higher lows higher highs on way back

[10:36] {dino} xoom

[10:36] {dino}  drop

[10:37] {dino} tgp drop

[10:38] {cipher} in xoom

[10:40] {dino} out wpz .74, +1.20

[10:40] {cipher} wow nice!

[10:41] {dino} ty

[10:41] {scottie} gj dino

[10:41] {Will49} wow

[10:41] {dino} was lying out

[10:41] {dino} laying

[10:43] {cipher} +.26 xoom thx dino

[10:43] {dino} gj, i missed entry

[10:43] {dino} wpz preoccupied

[10:44] {dino} thought tpg would hit 39.75 area, but...

[10:44] {scottie} KMI l .80 ?

01[10:45] {Threei}  hl, yes

[10:46] {thomcbell} joy trying to turn it around here 

01[10:46] {Threei}  trying to turn things around is rarely joy

[10:47] {scottie} in .81

[10:47] {Will49} as am i

[10:50] {scottie} stop .74

01[10:53] {Threei}  1:1

[10:54] {scottie} half out, stop .79

[10:58] {thomcbell} jcp putting shorts in grave 

01[11:00] {Threei}  Tony Soprano to JCP: ok, bodies are dumped, sending bill

[11:00] {ese} gotta go .......make it it a great day eh...........off to filming land......cya tomorrow hopefully if they get all the shooting done

[11:01] {Will49} break a leg

01[11:01] {Threei}  take care ese

[11:01] {scottie} ese

[11:01] {ese} tks cya

[11:02] {dino} vac, what am i missing/

[11:05] {dino} vac sm l ave .20

[11:06] {dino} tasr?

[11:07] {cipher} good call on vac

01[11:07] {Threei}  TASR, don't see anything in released numbers either

01[11:07] {Threei}  something deeper

[11:08] {dino} ty

[11:08] {dino} out vac .68, +.48

[11:08] {cipher} +.47 vac txx

[11:08] {cipher} thx

[11:08] {dino} yw

[11:09] {dino} i'd be pissed if you made more than i on it, lol

[11:09] {dptl} MET .20 short?

[11:09] {dino} we may get another try

[11:09] {cipher} I know... trying not to :)

[11:09] {dino} thx

01[11:11] {Threei}  MET yes, but let's do hl... not so much because of its volatility but to limit exposure considering market slowdown

[11:11] {dptl} ok

[11:12] {dino} vac lod

[11:13] {dino} db hours, won't move stop to b/e

[11:14] {dino} vac drop

[11:15] {cipher} vac l .54

[11:15] {cipher} out .97 +.43

[11:16] {dino} gj

[11:16] {cipher} ty sir

[11:17] {dino} db stop -.02

[11:18] {scottie} out kmi

[11:19] {Will49} tks scottie

[11:19] {scottie} yw

[11:19] {Will49} a penny here, a penny there and pretty soon you're......

01[11:20] {Threei}  and pretty soon your government cancels pennies

[11:20] {Will49} haha

[11:20] {scottie} lol

[11:21] {Will49} now it's a nickel for your thoughts

01[11:21] {Threei}  americans don't get it :)

[11:22] {Will49} speaking of americans, it's so slow that thoughts of insulting nemo are creaping in

[11:22] {dino} vac sm l .24

01[11:23] {Threei}  living dangerously will?

[11:23] {Will49} yeah...taking a walk on the wild side

[11:24] {dino} lol

01[11:24] {Threei}  man has trained fighting rabbits for crissakes

[11:25] {Will49} taking my life in my hands

01[11:25] {Threei}  most of them of course are trained to jump on a throat when see a face similar to a photo of ese he showed them for months

01[11:26] {Threei}  but still

[11:26] {nemo} Yeah, I have there claws replaced with razor sharp steel

[11:26] {nemo} their

[11:26] {nemo} homonyms are my grammatic waterloo

[11:26] {Will49} you'll never get your bunny thru Canadian border security

01[11:26] {Threei}  and poisoned needles implanted in ears

[11:27] {dino} vac stop -.22

01[11:27] {Threei}  they dig under, will

[11:27] {nemo} Will, they're homing bunnies...I let them go on one side, they follow me across

[11:27] {nemo} who the hell isn't gonna' let a bunny cross a field

[11:27] {Will49} your name is on the do-not-allow-in list

[11:28] {nemo} multiple passports Will

[11:29] {Will49} facial recognition software

01[11:29] {Threei}  worst case scenario, he controls bunnies via radio

[11:31] {nemo} https://mail-attachment.googleusercontent.com/attachment/u/0/?ui=2&ik=a176b79c32&view=att&th=13cfaefdaa275fa8&attid=0.1&disp=inline&realattid=94f32e110c3542af_0.1&safe=1&zw&sadnir=1&saduie=AG9B_P9AouwoKXWyrHZUIHvpZH1_&sadet=1361464213747&sads=Y2y6hjQU2XvWh6HZar6OCpjN41s

[11:32] {cipher} five drop

[11:32] {nemo} what cipher, no comment on the link?

[11:33] {cipher} five l .01

01[11:34] {Threei} Short Setup: AIG  .97

01[11:34] {Threei}  If holds  .05 

01[11:36] {Threei}  Invalidated  

[11:43] {cipher} what link nemo?

[11:43] {nemo} [11:31] {nemo} https://mail-attachment.googleusercontent.com/attachment/u/0/?ui=2&ik=a176b79c32&view=att&th=13cfaefdaa275fa8&attid=0.1&disp=inline&realattid=94f32e110c3542af_0.1&safe=1&zw&sadnir=1&saduie=AG9B_P9AouwoKXWyrHZUIHvpZH1_&sadet=1361464213747&sads=Y2y6hjQU2XvWh6HZar6OCpjN41s

[11:44] {cipher} it's not working

[11:44] {nemo} bummer, I'll send it to vad and he can do it

[11:44] {cipher} Temporary Error (404m)

[11:44] {cipher} that's all I'm getting

[11:45] {nemo} o.k. sent it to Vad

01[11:48] {Threei}  http://tradinglog.realitytrader.com/2013/02/nemo-special-2.html

[11:49] {scottie} lol

[11:50] {nemo} http://twitpic.com/alvmd5/full

[11:51] {nemo} what can I say, I'm a coupla sandwiches short of a picnic

[11:51] {Will49} cute bunny

[11:51] {dino} vac drop

[11:52] {dino} things all over the place

[11:52] {cipher} out five +.22 +.21

[11:55] {dino} vac sm l .61 piulp

[11:55] {dino} pulp

[11:58] {thomcbell} qcom will be very interesting with a gap fill and 50 day around same level at 64.25 to 64

[12:01] {dino} 63.58 i see

[12:02] {dino} ebix drop

[12:03] {dino} fraud accusations

[12:14] {dino} asps drop

01[12:19] {Threei} Short Setup: DB  .50 break

01[12:19] {Threei}  FB

01[12:20] {Threei}  stop .58

[12:33] {dptl} out met

[12:34] {scottie} out MET +.09 tks dp

[12:34] {nemo} they're going for 150 on spy

[12:34] {dptl} :)

[12:34] {scottie} needed patience :)

[12:34] {dptl} now come on fb die

[12:37] {nemo} well, at least bunny didn't attack my father today

01[12:37] {Threei}  MET took a lot of that

01[12:37] {Threei}  patience stuff I mean

01[12:38] {Threei}  but heck

01[12:38] {Threei}  what's our hurry

[12:38] {nemo} speaking of, anybody heard from her?

01[12:38] {Threei}  it's not like we habve to be somewhere

[12:38] {scottie} slow profit is still profit :)

01[12:39] {Threei}  yeah, and I can remember no salesperson in any store ever telling me "no sir, we can't sell it to you, you made this money too slowly"

[12:39] {scottie} lol

[12:39] {jdetente} this money is not acceptable it has the mark of slowness on it

[12:39] {jdetente} ha

[12:40] {dptl} half out fb

[12:40] {dino} out vac .00, +.39, toughie. taking lunch break

01[12:40] {Threei}  1:1

01[12:40] {Threei}  man, we are invincible

01[12:40] {Threei}  unbreakable

01[12:40] {Threei}  unstoppable

[12:40] {scottie} no fill yet

01[12:41] {Threei}  insufferable too

[12:41] {scottie} took .41

01[12:42] {Threei}  "when you strip away my unparalleled bravery, exemplary honesty, extreme intelligence and exceptionally good looks, it's my extraordinary modesty that shines through"

[12:51] {nemo} on a roll...impressive. You replace one of your monitors with a mirror, Vad?

01[12:51] {Threei}  one?

[12:52] {nemo} nice...

01[12:52] {Threei}  :)

[12:56] {dptl} out fb...have to leave see ya tomorrow all

[12:57] {scottie} dp

[12:58] {scottie} out

[12:58] {Will49} bye dp

01[12:59] {Threei}  take care dp

[12:59] {dino} arlp drop

01[12:59] {Threei}  nice to leave being up considerably?

[13:00] {dino} cya dp

[13:05] {dino} elli gap fill

[13:11] {thomcbell} perfect time for a wprt rumor now that it has gotten lambasted since yest

[13:11] {thomcbell} i have a small long

01[13:11] {Threei}  such personal details...

[13:12] {dino} elli sm l .24

[13:13] {jdetente} haha

[13:36] {dino} vac drop

[13:45] {dino} main drop

[13:45] {thomcbell} that bar is shocking on vac

01[13:47] {Threei}  daily you mean?

[13:48] {thomcbell} yes

01[13:48] {Threei}  yeah, like a stake through the heart

[13:49] {dino} missed 38.50

[13:52] {thomcbell} i tried just missed it 

[13:52] {nemo} It might be worth a stink bid for a few hundred shares of spy (or related vehicle) around 150.05

[13:52] {dino} what a come back 2 bucks in minute

[13:55] {dino} and drops a buck like that

[13:56] {dino} thinking there are better worlds than this

01[13:58] {Threei}  yeah, tough to handle

[13:58] {dino} recognize that quote 3i?

01[13:58] {Threei}  absolutely

[13:58] {dino} classic

01[13:58] {Threei}  Dark Tower :)

01[13:59] {Threei}  gunslinger

[13:59] {dino} king

[13:59] {dino} i just finished "dead zone' by king

[14:00] {dino} mellow for him, but i enjoyed it

[14:00] {nemo} Christopher Walken was in a movie based on that book.

[14:01] {thomcbell} yes its a good movie

[14:01] {dino} nemo, thoughts on main. i'm thinking 29.40s

[14:03] {nemo} between there and 28.90ish, but the market might let go, btw, this is a possible level right here

[14:04] {nemo} also the gap at 29.23

01[14:05] {Threei} Short Setup: CAT  .60 break

01[14:05] {Threei}  If holds  .70 

[14:05] {dino} hmmmm

[14:08] {thomcbell} big volume last 10 bars on 5 min on main dino

[14:08] {nemo} be careful if they push spy below 150

[14:08] {dino} ty

[14:08] {nemo} throw the women and children out first

[14:08] {dino} not in, yet

[14:09] {nemo} volumen not coming into the spy yet

[14:10] {nemo} they're not defending this level on spy

[14:11] {nemo} imo longs not a good idea here

[14:18] {thomcbell} main trying dino

[14:20] {dino} yeah, w/o me

[14:20] {dino} i had the idea at .40 but market drop scared me

[14:21] {nemo} they're gonna push it through the low again on spy, no volume came in to support this level

[14:23] {dino} db hits s3

[14:24] {patel} anyone in CAT

[14:24] {scottie} in .59

[14:24] {nemo} yeah, could short here wit stop above .76

[14:24] {Will49} not yet

[14:24] {patel} yeah same here in at .59

01[14:24] {Threei}  come on SPY, lose 150

01[14:24] {Threei}  and drrrrrrop

[14:25] {nemo} top of the gap is 149.990

[14:25] {nemo} this is a shit area to do anything

[14:25] {nemo} well, except drink

[14:25] {dino} indeed

[14:25] {nemo} Hands off the keyboards

[14:25] {jdetente} it's always a good time for a drink

01[14:27] {Threei}  I beg to differ... taking a breath between two drinks is not a good time to try and squeeze third drink in - it might go in your breathing throat instead of drinking one

[14:27] {jdetente} breathing??

[14:27] {jdetente} overrated...

01[14:27] {Threei}  certainly but unfirunately necessary

01[14:28] {Threei}  at least while we are in this, admittedly not the best, world

[14:30] {nemo} looks like tye want to put the bottom in on no volume

[14:30] {dino} wow vac come back

01[14:31] {Threei}  no go

[14:31] {thomcbell} main looks like a long with 29.80 stop 

[14:32] {dino} problem is it just ran 60 cents

[14:33] {thomcbell} yes 

[14:37] {dino} tllp drop

[14:39] {dino} crz spike

[14:40] {dino} czr

[14:50] {patel} HTSI

[14:56] {dino} i can't borrow 

01[14:57] {Threei}  offer better rates?

[14:57] {dino} lol

01[14:57] {Threei}  :)

[15:08] {dino} pretty decent bounce

[15:09] {dino} tbell main worked, nice call

[15:09] {thomcbell} thanks

[15:10] {thomcbell} jcp still burying bodies

01[15:10] {Threei}  Tony works overtime

[15:20] {dino} hnsi drop

[15:21] {thomcbell} which one?

01[15:21] {Threei}  there are many HNSIs?

[15:22] {dino} opps hsni

01[15:24] {Threei}  oh come on... what am I to do now with HNSI that I bought?

[15:25] {dino} become a long term investor

[15:28] {thomcbell} sold half main

[15:28] {dino} gj

[15:28] {thomcbell} feel like hsni could use one more floor pull 

[15:31] {dino} back in 10

[15:33] {thomcbell} 30.30 stop on balance main

01[15:39] {Threei}  providing time allows,

01[15:40] {Threei} Short Setup: GLD  .50 break hl

[15:44] {thomcbell} almost dino on hsni

[15:44] {thomcbell} main out

[15:47] {dino} you take hsni?

01[15:47] {Threei}  Invalidated  

01[15:47] {Threei}  and time's running out

[15:48] {thomcbell} no 

[15:48] {thomcbell} because of time of day 

[15:48] {dino} yeah, back to bus stop duty (basketball over for daughter), so 3:30 to 4:00 not going to be much for me

01[15:52] {Threei}  OK guys, thank you all

01[15:52] {Threei}  have a good evening, see you tomorrow

[15:52] {Will49} cheers all

[15:52] {dino} whoa hsni

[15:54] {scottie} gn

[15:54] {jdetente} gn all

[15:55] {patel} gn

[15:57] {dino} gn all, thx for ideas

Nemo Special 2

Feb 20 2013

(Course on chart pattern recognition is available now: http://www.realitytrader.com/111trades.html  

Perfect continuation of our winning streak, even though market behavior changed rather drastically. nailed the direction just right, got quite a few winning trades on a short side plus a few bounce scalps.



Session Time: Wed Feb 20 00:00:00 2013
[08:45] {nemo} I'm feeling ignored
[08:46] {thomcbell} YO
[08:46] {nemo} mmmhhhh....that makes me feel worse...nevermind
[08:52] {dino} gm
01[08:53] {Threei}  dino :)
[09:06] {jdetente} gm
01[09:07] {Threei}  jd :)
[09:08] {scottie} good morning
01[09:08] {Threei}  scottie :)
[09:09] {patel} good morning
01[09:10] {Threei}  patel :)
[09:11] {dino} mco, mhp sudden drops
[09:11] {cipher} gm
01[09:11] {Threei}  cipher :)
[09:17] {Will49} good morning
[09:18] {thomcbell} takeover chatter on joy
[09:18] {thomcbell} bbry testing its 50 here after canaccord negative comment
01[09:19] {Threei}  will, tbell :)
01[09:20] {Threei}  gold can't catch a break eh?
[09:24] {patel} Today should be another slow climb tight sideways day.
[09:24] {nemo} wow...going out on a limb there
[09:28] {dptl} gm
01[09:29] {Threei}  dp :)
[09:32] {cipher} tsla l .62
[09:32] {cipher} out .98 +.36
01[09:33] {Threei} Short Setup: GDX  .75 break
01[09:34] {Threei}  If holds  .85
01[09:35] {Threei} Short Setup: FCX  .95 break hl
01[09:35] {Threei}  If holds  .05
[09:35] {cipher} spwr l .00
[09:36] {cipher} out .90 -.10
[09:36] {cipher} fslr l .78
01[09:37] {Threei}  FCX 1:1
[09:37] {cipher} out .65 -.13
01[09:38] {Threei}  GDX stop to .81
01[09:40] {Threei}  FCX 1:2, out
01[09:40] {Threei}  1:3... grrr
[09:40] {jdetente} dang too early
01[09:40] {Threei}  I mean 1:4
[09:40] {cipher} ctrp l .08
01[09:41] {Threei}  let's close GDXC
01[09:41] {Threei}  GDX
[09:43] {dino} partial fill l for .55
[09:44] {cipher} out ctrp .28 +.20
[09:45] {cipher} mktx l .00
01[09:45] {Threei} Short Setup: SLW  .80 break
01[09:46] {Threei}  If holds  .90
[09:46] {patel} jumped my entry
[09:46] {cipher} out mktx .88 -.12
[09:46] {scottie} too fast
[09:47] {Will49} missed
01[09:47] {Threei}  hah... look at GDX
01[09:47] {Threei}  does this thing move in inverse relation with SPY?
01[09:47] {Threei}  SLW 1:1 if anyone got it
[09:47] {jdetente} no fill
[09:48] {dino} out for flat
[09:49] {cipher} mktx l .00
01[09:50] {Threei} Long Setup:  LVS  .05 break hl
[09:51] {dino} vntv sm l .10 gappy, wide
[09:53] {cipher} out mktx .90 -.10
01[09:53] {Threei}  Invalidated
01[09:54] {Threei}  was two-sided eh
[09:54] {jdetente} stinkin' SLW....
[09:55] {jdetente} that was a good one if anyone got it
01[09:56] {Threei} Long Setup:  CAT  .40 break hl
[09:56] {cipher} vsat l .31
01[09:56] {Threei}  If holds  .30
01[09:56] {Threei}  ugh LVS
[09:57] {dino} out vntv .70, +.60
[09:57] {scottie} fast again
[09:57] {Will49} likewise
[09:57] {jdetente} jeepers\
[09:58] {thomcbell} long setup rrc thru 71.15 half lot
[09:59] {patel} missed it.
[09:59] {patel} this sucks
[09:59] {dino} lad
01[09:59] {Threei} Short Setup: LVS  .60 break
01[10:00] {Threei}  hl
[10:00] {cipher} mktx l .53
01[10:00] {Threei}  (EU) EURO ZONE FEB ADVANCED CONSUMER CONFIDENCE: -23.6 V -23.2E
01[10:01] {Threei}  (US) S&P Reports On Exceptional Accounting Items- Companies that report underlying earnings figures under International Financial Reporting Standards (IFRS) can misrepresent their past and future earnings when they separate out exceptional items, says a report published by Standard & Poor's Ratings Services. Titled "How Exceptional Accounting Items Can Create Misleading Earnings Metrics," the report argues that scrutinizing exceptional items can give a clearer view of a company's financial performance.
01[10:01] {Threei}  heh
[10:02] {jdetente} there's 1:1
[10:02] {dptl} ?
[10:02] {jdetente} sorry I took an aggressive entry
[10:02] {jdetente} got 1:1 on my entry
[10:03] {dino} mon drop
01[10:03] {Threei} Long Setup:  CAT  .40 break hl
01[10:03] {Threei}  If holds  .30
01[10:04] {Threei}  LVS stop .66
[10:05] {cipher} out mktx .00 +.47
01[10:05] {Threei}  no go
[10:05] {dptl} maan... out .73...jumpy thing
01[10:05] {Threei}  that's whny half lot
[10:06] {cipher} dino did you play MON?
[10:06] {dino} lad sm l .75
[10:07] {dino} out lad .30, +.55
[10:07] {cipher} wtg
[10:07] {dino} ty
[10:09] {dino} cipher, mon? no, lad took over, missed mon
[10:09] {cipher} I missed it too
[10:10] {cipher} didn't have the guts
[10:10] {cipher} looked whacked out
[10:10] {dino} thought it would go for 96 area gap
[10:10] {dino} see what happens when i think
[10:10] {cipher} I know brotha
[10:10] {dptl} DHI .70 short?
01[10:11] {Threei}  20 cents reange?
[10:11] {cipher} panl l .13
[10:12] {cipher} snfca l .29
[10:13] {scottie} out +.10 tks Vad
01[10:13] {Threei}  CAT 1:1
[10:15] {cipher} out panl .32 +.19
[10:16] {cipher} out vsat .49 +.18
[10:17] {dino} gj
[10:17] {cipher} snfca stop .22 -.07
[10:18] {dptl} COH .70 short?
01[10:18] {Threei}  CAT 1:2, out
[10:18] {Will49} Tks Vad
01[10:18] {Threei}  yw
01[10:19] {Threei}  COH, hl
01[10:23] {Threei}  wow CAT
01[10:23] {Threei}  talk about too soon
[10:25] {dino} sah partial l .45
[10:26] {dptl} still valid coh i think
[10:27] {dptl} nah
01[10:28] {Threei} Short Setup: SLW  33 break
01[10:28] {Threei}  If holds  .10
[10:30] {thomcbell} rrc 1:1
[10:31] {patel} UPS short under .45??
01[10:31] {Threei}  not too delighted
01[10:32] {Threei}  on a narrow side
[10:37] {dino} stop sah -.10 .35
[10:44] {scottie} FCX s 33 ?
[10:45] {nemo} S3 is .82
[10:46] {scottie} tks
01[10:50] {Threei}  frikin SLW
01[10:50] {Threei}  got away
[10:51] {dino} trn sm l .40 stop lod
01[11:03] {Threei}  how about that "another slow creep-up day"? :)
01[11:04] {Threei}  can you believe SLW?
01[11:04] {Threei}  FCX worked nicely too
[11:05] {Will49} yes, tks scottie +.11
[11:05] {scottie} good for you will, I didn't take it
[11:05] {Will49} small scalp
[11:06] {Will49} if Vad had sanctioned it, would have gone full load :)
[11:06] {Will49} kidding scottie
[11:06] {scottie} lol
[11:06] {scottie} me too :)
01[11:06] {Threei}  gosh, I just was away from computer for two min... :)
03[11:06] * Retrieving #discussions modes...
[11:06] {scottie} diapers Vad, diapers...
[11:07] {Will49} lol
01[11:08] {Threei}  I keep the stock for the day when I decide my life is too boring ad trade GOOG and AAPL all day
[11:08] {scottie} lol
[11:09] {Will49} :)
[11:15] {dino} arii sm l .49
01[11:26] {Threei}  we have FOMC minutes today btw
[11:26] {dptl} PAY .20 long?
[11:27] {dino} crus drop
01[11:27] {Threei}  can't tell on PAY
[11:27] {dptl} k
01[11:27] {Threei}  no determintion
01[11:28] {Threei}  (US) Market rumors circulating this morning that a commodities hedge fund is "blowing up" - financial press**Note: The chatter has been vague so far, with no names be suggested
[11:31] {dino} crus sm l .01
[11:31] {Will49} *&^%%% charts gone again
[11:32] {dptl} yeah something is there...everyday charts problems lately
[11:35] {Will49} dp...do use laser version 5 or 6?
[11:35] {dptl} old one 5.4.371
[11:36] {Will49} same here
[11:37] {Will49} anyone using version 6 and still have charts?
01[11:38] {Threei}  I use 5 and still have them
[11:38] {Will49} strange
[11:40] {dptl} yeah mine just gone
[11:41] {Will49} mine are back!
[11:42] {Will49} could it be Shaw throttling data flow?
[11:44] {dptl} no
[11:44] {dptl} dont think so
01[11:44] {Threei}  I am on shaw
[11:44] {dptl} something with soft
[11:45] {dino} aapl vsm l .60 wide
[11:45] {dptl} Vad you dont have gup on charts now?
[11:45] {dptl} gap
01[11:45] {Threei}  now I do
[11:45] {dptl} there
01[11:45] {Threei}  pattern is:
01[11:45] {Threei}  my charts wortk fine when you guys start complaining,
01[11:46] {Threei}  "command center" reserts server,
01[11:46] {Threei}  your charts are back,
01[11:46] {Threei}  mine are out,
01[11:46] {Threei}  I change server andf get gaps which I hadn't had before.
01[11:46] {Threei}  so it's all your fault as far as I am concerned
[11:47] {dptl} yes thats what is going on lataly
[11:47] {dptl} lol
[11:47] {scottie} MDT s .70 ?
01[11:47] {Threei}  I think so
01[11:48] {Threei}  with this gap in chart these folks caused it's harder for me to tell, lol
[11:48] {dptl} use freestockcharts
01[11:48] {Threei} Short Setup: PAY  32 break
[11:50] {scottie} stop .
[11:50] {scottie} 07 ?
01[11:51] {Threei}  according to my charts crippled by dp... yes :)
[11:51] {scottie} stop that dp will ya
[11:51] {dptl} scottie you use laser too?
[11:52] {scottie} no, back to DDplus
[11:52] {dptl} i see
[11:54] {dptl} is that disnat?
[11:54] {scottie} yes
[11:59] {dino} cste drop
[12:04] {Will49} what time do FOMC minutes come out?
01[12:04] {Threei}  2
[12:04] {jdetente} 2 Eastern
[12:04] {Will49} tks
01[12:04] {Threei}  PAY 1:1
[12:07] {nemo} DAS Trader is having problems with it's quote systems too...frickin' chinese hackers
[12:13] {dptl} MPC .80 short?
01[12:14] {Threei}  even hl is a bit too much
[12:15] {dptl} stopped... half lot
01[12:15] {Threei}  sigh
01[12:16] {Threei}  do you even look at level 2?
[12:16] {dptl} ye thats why half
01[12:16] {Threei}  look what I said
01[12:17] {Threei}  first sentence of e-mail that is sure to make it take it seriously:
01[12:17] {Threei}  Hello,
01[12:17] {Threei}  I wish to inform you that this letter is not a hoax mail and I urge you to treat it serious.
[12:17] {dptl}  ye..but i  was already in
01[12:17] {Threei}  that's why I aske, do you even look at level 2
01[12:17] {Threei}  the gaps between levels, the sizes
01[12:18] {Threei}  that was a stock for 200 shares
01[12:18] {Threei}  maybe 3
01[12:18] {Threei}  unless you are dino
[12:19] {dino} hey!
01[12:19] {Threei}  yes sir?
[12:19] {dino} out aapl .50, +.90
[12:21] {dino} crusto b/e
[12:23] {dino} out arii .12, +.63
[12:30] {dptl} DD short?
01[12:30] {Threei}  nah
[13:02] {thomcbell} short setup CAT - 94.03 break if holding 94.13
[13:07] {thomcbell} cat no go
01[13:30] {Threei} Short Setup: GLD  .80 break hl
01[13:31] {Threei}  If holds  .85
01[13:32] {Threei}  Invalidated
[13:46] {dptl} BHI .30 short?
[13:47] {dptl} also CLF .30 sh?
[13:48] {dptl} clf not available
[13:48] {patel} be careful FOMC minutes are a few minutes away
01[13:48] {Threei}  BHI, yes if SPY loses .50
[13:52] {dptl} NTAP short?
01[13:53] {Threei}  don't know
[13:53] {dptl} k
01[14:01] {Threei}  *(US) MINUTES OF THE JAN 30 FOMC MEETING: SOME MEMBERS FELT THERE WAS A NEED TO TAPER PURCHASES; EXPLORING USE OF FED FORECAST TO RELAY INFORMATION ON ASSET PURCHASES
01[14:01] {Threei}  uh oh
01[14:01] {Threei}  where is ese
01[14:01] {Threei}  I want him to see what happens to the market when Fed merely mulls over stopping purchases
01[14:06] {Threei}  there is long list of what else they discussed
01[14:06] {Threei}  want me to post it or don't want to bother?
[14:06] {dptl} ah  whats the use
[14:06] {Will49} all BS anyway
01[14:07] {Threei}  thought so :)
[14:07] {dptl} yeah lol
01[14:07] {Threei}  worst yet, it's not funny kind of BS
[14:07] {Will49} if it doesn't help us trade...fageddaboudit
[14:07] {dptl} sure..its all global warming after all
[14:10] {dptl} VLO .50 long?
[14:13] {dino} tex sm l .04 stop lod
[14:13] {dptl} invalidated vlo
[14:13] {dino} stopped
01[14:19] {Threei} Long Setup:  VLO  .25 break hl
01[14:19] {Threei}  If holds  .15
[14:19] {scottie} missed
01[14:19] {Threei}  1:1, and good luck getting that fill
[14:19] {Will49} missed
[14:20] {patel} missed it. dflkadflj;sdaflk;jsa
[14:20] {scottie} right
[14:32] {dino} what am i missing on the commodity dump?
[14:33] {dptl} KBH .30 short?
01[14:33] {Threei}  gotta read all that bs to find out which exact line caused it
01[14:33] {Threei}  KBH, yes
[14:37] {dptl} freaking charts stop again
[14:38] {Will49} mine too
01[14:41] {Threei} Short Setup: SLW  .30 break
01[14:41] {Threei}  If holds  .40
01[14:49] {Threei}  1:1
[14:49] {dptl} out ty
01[14:50] {Threei}  KBH too
[14:50] {dptl} out kbh ty
01[14:51] {Threei}  yw
01[14:51] {Threei}  patel, you got those?
[14:51] {nemo} guys...
[14:51] {nemo} sorry I'm falling down on the job...
[14:51] {nemo} My insults have become anemic
[14:51] {patel} patel got SLW
[14:51] {nemo} no edge
[14:51] {patel} :) thanks
[14:51] {nemo} listless
01[14:51] {Threei}  whew
[14:51] {patel} all out now
01[14:51] {Threei}  1:2 SLW
01[14:51] {Threei}  out
[14:52] {patel} took my eye off KBH
01[14:52] {Threei}  nemo, that's OK for now, but get your act together please
[14:52] {Will49} out tks
01[14:52] {Threei}  we count on you to maintain your edge
[14:52] {jdetente} nice one ty
[14:52] {scottie} gotta go, see you tomorrow
06[14:52] * dino slaps nemo around a bit with a large trout
01[14:52] {Threei}  on your insilts to be stinging
[14:52] {nemo} yeah, it's that sunlight thing and the winter...btw bunny has become vicious
01[14:52] {Threei}  take care scottie'
[14:52] {nemo} she's decided that under my father's bed is her hutch
[14:52] {nemo} He gets to close, she attacks
[14:53] {Will49} see ya scottie
[14:53] {nemo} It's a real comedy act watching an 80 year old with an oxygen bottle swinging his leg back and forth trying to dislodge a crazed rabbit
[14:54] {dino} lol
[14:54] {nemo} Brings back fond memories of Monty Python
[14:54] {nemo} Dino...I'm totally serious
[14:54] {dino} i believe you, was picturing it
[14:58] {nemo}  I warned him this morning, it might be good idea to keep his pants on as he likes to sit at the computer in his boxers...turned out to be a good idea
[15:00] {dptl} i just checked new version laser
[15:00] {dptl} same problem with charts
[15:01] {Will49} so, their servers then?
01[15:01] {Threei}  it's either on server level or on exchange level or on routing level
01[15:01] {Threei}  not on software
[15:02] {dptl} yeah  i let CC know..it happens few times a week now
01[15:02] {Threei}  is server, it will affect users of this particular broker; if exchange, it will affect everyone; if at routing, it will affect certain areas
[15:02] {nemo} as I said...DAS Trader was having problems with quote servers earlier
01[15:02] {Threei}  yes, and that indicates exchange level
[15:02] {nemo} frickin' Chinese hackers probably
01[15:02] {Threei}  or that
01[15:02] {Threei}  lol
[15:02] {nemo} time for a missile test...or two
[15:04] {dptl} ANF short?
01[15:05] {Threei}  small shares
[15:05] {dptl} late
[15:05] {nemo} caeful dp this drop is coming into SERIOUS support in the SPY
[15:06] {dptl} k
[15:09] {dptl} LRCX 42 long? i think its ready for bounce
01[15:10] {Threei}  out KBH in full
[15:11] {dino} esv sm l .35
[15:14] {dptl} oops...got to go...see ya tomorrow all
[15:14] {Will49} peace dp
01[15:15] {Threei}  take care
[15:15] {dino} cya
[15:15] {patel} take care
01[15:16] {Threei}  wow, KBH had even more in it
01[15:20] {Threei} Short Setup: FCX  .20 break
01[15:21] {Threei}  If holds  .30
01[15:23] {Threei}  Invalidated
01[15:24] {Threei}  (US) White House planning to use trade tools to prevent trade secret theft from countries including China- Aiming to increase enforcement against trade theft - Calls on Congress to increase maximum sentence for economic espionage to at least 20 years - Will launch 3 month study to determine if legislation is necessary to strengthen law enforcement efforts
[15:25] {nemo} missile test
01[15:25] {Threei}  will launch 3 months study - hear that earthquake? That's entire population of China rolled on the floor laughing
[15:25] {Will49} hahaha
[15:26] {dino} stop esv -.20
[15:26] {dino} lol
01[15:26] {Threei}  and hear that tsunami? that's them falling out of their chairs when they read study of what - whether legilslation is necessary
[15:26] {nemo} they're going for the spy stops below .50
01[15:27] {Threei}  which means that if the study shows that yes, it is, next 6-month stidy will detremine what legislation
01[15:27] {Threei}  anf then we will spend 2 years preparing legislation
01[15:27] {Threei}  and 2 years arguing about it
01[15:28] {Threei}  and by the time chinese hackers report to government "we are done, nothing left to steal over there" we ill be fully ready
[15:28] {Will49} good thing you're not skeptical Vad :)
01[15:31] {Threei}  me?? never
01[15:31] {Threei}  FCX
01[15:31] {Threei}  valid again
01[15:42] {Threei}  1:1
[15:48] {Will49} out +.11 tks Vad
[15:48] {nemo} bears are pitching bulls are catching
[15:48] {jdetente} lol
[15:48] {jdetente} that's a little graphic nemo...haha
[15:48] {nemo} this is the level for the month on spy.  They gap it down tomorrow bulls get real nervous
[15:48] {nemo} I'm into sports metaphors, what are YOU talking about.
[15:48] {nemo} ?
01[15:49] {Threei}  jd, don't even think about answering that
[15:49] {jdetente} I said nothing. carry on
[15:49] {nemo} mmmhhhh...he's smarter than Will
[15:50] {Will49} yeah...sniff
[15:51] {nemo} my other trading buddy decided to go long spy at 152 10k shares, just baling now
[15:51] {nemo} owwwwwwwwwwwwww
[15:51] {jdetente} ouch
01[15:51] {Threei}  you'd do well suggesting him to visit our room
[15:51] {dino} ouch
[15:52] {patel} yikes....
[15:52] {nemo} nah...it's his trading style, he's positive 80% of the month
[15:52] {nemo} today is an anomaly
[15:52] {Will49} surprised you even have one other buddy
[15:52] {nemo} we're below S3 on the SPY
01[15:52] {Threei}  lol
[15:52] {nemo} first time BTFD! hasn't worked in a long time
[15:53] {nemo} did Will say something?
01[15:53] {Threei}  meanwhile in our little kingdom of winning, FCX is close enough to 1:2
01[15:53] {Threei}  out .02
[15:53] {Will49} my ghost
[15:53] {nemo} soon to be, yes
[15:53] {Will49} ha..got ya
[15:53] {nemo} no..gonna' get you
[15:54] {Will49} :)
[15:54] {nemo} wow, this will start bringing out the stops down here, this means they likely gap it below 151 tomorrow
01[15:54] {Threei}  one of the best things abput today:
[15:54] {nemo} Too many people long, Wall Street has to shake the shares loose so they can buy cheaper
01[15:54] {Threei}  market changed its behavior drastically, yet we continue winning streak
[15:55] {Will49} and nemo was fairly quiet?
[15:55] {nemo} well you're the king of trading limit down days
01[15:55] {Threei}  yes but such radical changes often cause pause in our profitable streaks
01[15:55] {Threei}  not this time
[15:56] {nemo} Actually, I've noticed you tend to do rather well on strong down days
[15:56] {Will49} i thought our streak was because I took a month off
[15:56] {nemo} No, your streak likely has to do with incontinence
[15:56] {Will49} lol
01[15:56] {Threei}  yes will, but then we endured and overcame
[15:57] {Will49} that's the old nemo we all love so much
[15:57] {nemo} I don't recommend holding long positions over night, unless it's a short or the vxx
[15:57] {Will49} another great day Vad...tks
01[15:57] {Threei}  yw
[15:58] {patel} have a great day everyone
[15:58] {patel} see you all tomorrow
[15:58] {jdetente} gn all
[15:59] {dino} gn all, thx
[15:59] {Will49} cheers guys
01[15:59] {Threei}  thank you all, have a good evening
01[15:59] {Threei}  see you tomorrow

Feb 19 2013

Not slowing down  even after long weekend - 4 wins out of 5, nice continuation.

Session Time: Tue Feb 19 00:00:00 2013
[08:59] {dino} gm
01[08:59] {Threei}  dino :)
[09:03] {thomcbell} gm
01[09:03] {Threei}  tbell :)
[09:06] {patel} Good Morning
01[09:08] {Threei}  patel :)
[09:14] {scottie} good morning
01[09:14] {Threei}  scottie :)
[09:16] {Will49} good morning
01[09:16] {Threei}  will :)
[09:20] {jdetente} gm
01[09:21] {Threei}  jd :)
[09:24] {dptl} gm
01[09:24] {Threei}  dp :)
01[09:27] {Threei}  time to wake up I guess
01[09:27] {Threei}  WMT is still weak
[09:27] {cipher} gm
01[09:27] {Threei}  cipher :)
01[09:28] {Threei}  so is FDX
01[09:28] {Threei}  GDX
[09:31] {thomcbell} wow lvs
[09:32] {ese} gm........was reading the internet news and forgot to sign in
[09:33] {nemo} ESRX
01[09:33] {Threei}  ese :)
[09:35] {cipher} cost l .64
01[09:35] {Threei} Long Setup:  GDX  .40 break
01[09:35] {Threei}  If holds  .30
[09:36] {thomcbell} long setup vod 25.20 break if holding 25.15
[09:36] {cipher} out cost .94 +.30
[09:37] {cipher} petm l .23
01[09:38] {Threei} Short Setup: LVS  51 break hl
01[09:38] {Threei}  If holds  .10
[09:38] {cc_8} OfficeMax and Office Depot are in advanced talks to merge, people familiar with the matter said, as the retailers of pens, paper and desks try to fight off tougher competition from rivals such as Staples Inc. and Amazon.com Inc. OfficeMax shares surged 20% to $12.92 premarket and OfficeDepot shares added 29% to $5.92. Staples shares were also trading higher, gaining 14% to $14.70.
[09:38] {cipher} out petm .16 -.07
01[09:38] {Threei}  GDX 1:1
01[09:40] {Threei}  Invalidated  LVS
01[09:41] {Threei}  valid again
[09:41] {dino} hum sm l .00
[09:41] {patel} dang missed it
01[09:41] {Threei}  1:1... toughies to execute
[09:41] {scottie} missed it too
[09:41] {dptl} yeah
[09:42] {Will49} missed
[09:42] {cipher} cost l .77
01[09:42] {Threei}  GDX 1:2, out
[09:42] {Will49} tks Vad
01[09:43] {Threei} Short Setup: WMT  .20 break
01[09:43] {Threei}  If holds  .30
[09:43] {dino} petm sm l .50
[09:43] {cipher} petm l .62
[09:43] {dino} hum stop -.28
[09:44] {dino} out petm .00, +.50. ty cipher for idea
[09:44] {cipher} out petm .00 +.38
[09:44] {cipher} np gj
[09:45] {cipher} out cost .68 -.09
01[09:45] {Threei}  1:1
[09:46] {scottie} out .10 tks Vad
[09:46] {dptl} me too ty
01[09:46] {Threei}  yw
[09:46] {cipher} petm s .45
01[09:46] {Threei}  (stinkin' scalpers)
[09:46] {dino} hum sm l .65
[09:46] {scottie} sue me
[09:47] {dino} out hum .95, +.30
01[09:47] {Threei}  1:2, out
[09:47] {jdetente} out ty
[09:47] {jdetente} two nice ones in a row
01[09:47] {Threei}  yw
[09:47] {Will49} Tks again Vad
[09:47] {cipher} cov petm .34 +.11
[09:48] {patel} thanks Vad
[09:48] {dptl} NTAP .55 long?
[09:49] {patel} I am done for the day. Got alot of errands to run.
[09:49] {thomcbell} vod not a scalp for me - nice boring entry for portfolio managers
[09:49] {dptl} run away ntap
[09:50] {dino} fdo sm l .77
[09:51] {thomcbell} ntap 35.60 break Vad?
01[09:51] {Threei}  can't tell
01[09:51] {Threei}  2 days break there
01[09:52] {Threei}  but market spiked hard over ,last 5 min
01[09:52] {Threei}  and all NTAP did was bobbing up and down in 10 cents range
[09:52] {cipher} sina l .82
[09:53] {thomcbell} yes
[09:54] {thomcbell} wprt impressive
01[09:54] {Threei} Short Setup: BBY  .60 break
[09:54] {cipher} out sina .88 +.06
01[09:54] {Threei}  If holds  .70
[09:54] {dino} ipgp drop
[09:55] {jdetente} no BBY available with my broker...dang
[09:55] {cipher} ipgp l .56
[09:56] {thomcbell} will still use 35.21 as stop on vod
01[09:56] {Threei}  stop .65
[09:56] {thomcbell} 25.21
[09:57] {cipher} out ipgp .90 +.34
[09:57] {dino} gj
[09:57] {cipher} ty
[09:58] {cipher} mlnx l .23
[09:58] {scottie} half out
01[09:58] {Threei}  1:1
[09:58] {dino} out fdo .07, +.30
[10:00] {cipher} out mlnx .63 +.40
01[10:00] {Threei}  *(US) FEB NAHB HOUSING MARKET INDEX: 46 V 48E
[10:00] {thomcbell} mwv 35.74 break - half lot
[10:01] {cipher} sina l .76
[10:03] {cipher} out .85 +.09
[10:04] {dino} mx sm s .24
[10:06] {dptl} DG .70long?
[10:07] {dptl} in .71
01[10:11] {Threei}  1:2, out
[10:11] {scottie} +.18 tks Vad
01[10:12] {Threei}  3 1-2ers, can I go home?
[10:12] {Will49} tks Vad..on a roll
01[10:12] {Threei}  yw
[10:12] {cipher} ulta l .69
[10:13] {dptl} out dg 1:1
[10:15] {cipher} ulta stopped .59 -.10
[10:15] {scottie} gj dp :)
[10:15] {dptl} ty
[10:16] {cipher} ulta l .72
[10:17] {cipher} affy l .86
[10:18] {cipher} out ulta .66 -.06
[10:19] {cipher} olta l .00
[10:19] {cipher} ulta
[10:20] {dino} cov mx .10, +.14
[10:21] {thomcbell} vod 1:1
[10:22] {cipher} out ulta .82 -.18
[10:23] {dptl} COF .30 long?
01[10:24] {Threei}  hl
[10:25] {dptl} missed
[10:27] {thomcbell} stop to 25.30 on vod
01[10:28] {Threei}  nice trade
[10:28] {thomcbell} tu
[10:30] {dptl} GILD .80 long?
01[10:31] {Threei}  hl
01[10:31] {Threei}  looks good for .95 or so
[10:31] {dptl} in .81
[10:32] {thomcbell} stopped vod
[10:39] {dptl} stopped gild
[10:41] {dino} markets have slowed down
[10:43] {nemo} you say that every day at this time
[10:44] {dptl}  RHI .60short?
01[10:45] {Threei}  50/50
[10:45] {dptl} ok
01[10:45] {Threei}  dp, go for a walk for 30 min, will you?
[10:46] {dptl} :) ok
01[10:46] {Threei}  you start demonstrating all the signs of that rush that destroys your day
01[10:47] {Threei}  and when you are back, make sure you calculated your trailing stop on the account for the day
[10:47] {dptl} for sure
[10:49] {scottie} ADM s .70 ?
[10:50] {cipher} amgn blood
01[10:50] {Threei}  hl, ADM
01[10:50] {Threei}  guess who's on TV
[10:51] {scottie} ok
01[10:51] {Threei}  did he really just say they cut deficit by 2.5T?
[10:54] {Will49} why oh why do we watch this BS?
[10:54] {nemo} shut it off
01[10:54] {Threei}  really... what channel is Jerry Springer on?
[10:55] {Will49} referring to the royal "we"
[10:58] {scottie} CMA l .50 ?
01[10:59] {Threei}  not my cup of tea
[10:59] {scottie} ok
[11:03] {nemo} wlt, looks weak
01[11:13] {Threei} Short Setup: SLW  .39 break
[11:17] {scottie} stop .46 ?
01[11:18] {Threei}  yup
01[11:20] {Threei}  1:1
[11:20] {scottie} half out tks Vad
01[11:20] {Threei}  yw
[11:21] {dptl} out .26 ty
01[11:21] {Threei}  dp's 30 min jail time over, lol
[11:21] {dptl} lol
01[11:21] {Threei}  or did you use get of jail card
[11:23] {scottie} trailing my stop to .35
[11:23] {scottie} .36
[11:26] {scottie} out
[11:27] {Will49} out but tks Vad...1:1
01[11:28] {Threei}  yw
[11:29] {Will49} managing trailing stop on profit =very comforting
[11:29] {Will49} daily profit
01[11:29] {Threei}  makes it so much more relaxed experience eh
[11:30] {Will49} absolutely
[11:36] {ese} no i'm not..........i'm watching and observing
[11:37] {ese} I follow nemo's every move .........watch him like a hawk..........can't get enough of him
01[11:37] {Threei}  but if we wake you up suddenly, you answer the last question you heard yesterday?
[11:38] {ese} ahhhhhhhhhhhh..............i mean vads every move.........opps
[11:39] {Will49} reminds me of he old joke; if you wake up an Brit suddenly, they have no accent
01[11:40] {Threei}  lol
[11:40] {ese} yup thats funny
[11:47] {thomcbell} adm 32.85 break if holding 32.80
[11:52] {thomcbell} jcp 19.75 short break if holding 18.81
01[11:56] {Threei}  wow SLW
[11:56] {scottie} rinsed second half
[12:01] {thomcbell} jcp invalidated obviously
[12:06] {thomcbell} short setup line - 35.90 break if holding 36
[12:09] {thomcbell} line invalidated will still watch
[12:09] {thomcbell} looking for a long setup somewhere in here on mwv
[12:09] {dino} rax sm l .01
[12:13] {thomcbell} flattening adm for a small gain here
[12:14] {dino} out rax .31, +.30
[12:14] {dptl} SWKS .50 short?
01[12:15] {Threei}  yes... not likely to be fast
01[12:15] {Threei}  but what's our hurry
[12:15] {dptl} yeah :)
[12:21] {dino} pcyc sm l .40
[12:28] {dino} out pcyc .60, +.20, too jumpy
[12:39] {dino} hmm seemed i chickened out on pcyc
[12:51] {patel} I miss anything while I was gone.
[12:51] {nemo} our utter joy you weren't here
01[12:52] {Threei}  lpl
[12:52] {nemo} thunder thumbs can't string 3 letters together
[12:52] {Will49} Vad has a lisp when he laughs
01[12:52] {Threei}  sigh
[12:53] {Will49} so quite that we'll leap on anything to entertain
01[12:53] {Threei}  I no talk to you lot 'nymore
[12:53] {Will49} quiet
[12:53] {Will49} not you Vad...just correcting
01[12:53] {Threei}  2 more winning trades patel
[12:54] {patel} really which ones
[12:54] {patel} I saw BBY
01[12:54] {Threei}  [11:13] {Alert} Threei Short Setup: SLW .39 break
[12:55] {patel} nice
[12:55] {Will49} techy question: can't get charts at all. have changed chart servers over and over. any other solutions other than rebooting?
[12:56] {dino} freestockcharts.com
[12:56] {nemo} vmw might want down here
[12:58] {Will49} Thanks dino
01[12:58] {Threei}  will, quote server 1, chart server 3
01[12:59] {Threei}  if none of chart servers is working, change quote server
[13:02] {dino} i use it every day will
[13:02] {dino} mnro sm s .44
[13:03] {ese} which one is that?
[13:04] {ese} chart server that is
[13:05] {dino} i was talking freestockcharts ee
[13:05] {dino} ese
[13:06] {ese} ahhhhh...ya thought as much.......i use it as well
[13:08] {dino} mnro stop -.30
[13:09] {Will49} hmmmm.tried ALL thequote and chart servers...nothing
[13:09] {Will49} thn closed laser and reopened...still no charts
[13:10] {dptl} hmm..fine here...talk to cc then
01[13:10] {Threei}  what quote server will?
[13:11] {Will49} stepped thru all the quote servers
01[13:12] {Threei}  quote 1, chart 3, works fine here
[13:12] {Will49} no problem though...i can use freestockcharts
[13:13] {Will49} cc...any suggestions?
[13:14] {dptl}  try different stock symbol Will
[13:15] {Will49} no change
[13:15] {dptl} hmm...
[13:16] {dptl} try to restart laser again
[13:17] {Will49} restarted...no change
[13:18] {dptl} well...text to cc he;ll figure that out
[13:20] {dptl} DG .20long?
01[13:22] {Threei}  seriously?
[13:22] {scottie} ALTR s .10 ?
[13:23] {dptl} lunch time break....but it looks good ...:) no?
01[13:23] {Threei}  hl, scottie
[13:24] {thomcbell} long stup splk 35 break if holding 34.90 - hl due to time of day
01[13:25] {Threei}  way too narrow for my taste, tbell
[13:29] {thomcbell} k
[13:29] {scottie} in altr .08, stop .19
[13:33] {dptl} ye, there is some charts issue Will....i had to switch servers and now i see some data missing
[13:33] {Will49} rebooted PC and have charts back
[13:34] {Will49} must be the 1982 IBM PC I'm using:)
[13:34] {dptl} no its their issue not your comp
01[13:35] {Threei}  you upgraded from Commodore 64?
[13:35] {Will49} haha
01[13:35] {Threei}  that might be the problem... I still haven't
[13:40] {Will49} why the spy leap at 1:30?
01[13:40] {Threei}  ?
01[13:40] {Threei}  I see no leaps
[13:41] {Will49} maybe my charts
[13:41] {dptl} lol you just missing data Will ...same here
[13:41] {Will49} yikes
[13:43] {Will49} yeah..i see that gap on all my charts
[13:48] {Will49} Maybe some of you have seen this
[13:49] {Will49} THE FIVE RULES TO REMEMBER IN LIFE
[13:49] {Will49} 1. Money cannot buy happiness, but it's more comfortable to cry in a
[13:49] {Will49} Corvette than on a bicycle.
[13:49] {Will49} 2. Forgive your enemy, but remember the ass-hole's name.
[13:49] {Will49} 3. If you help someone when they're in trouble, they will remember you
[13:49] {Will49} when they're in trouble again.
[13:49] {Will49} 4. Many people are alive only because it's illegal to shoot them.
[13:49] {Will49} 5. Alcohol does not solve any problems, but then neither does milk.
[13:49] {Will49} Didn;t copy all of it
01[13:49] {Threei}  yeah, got it some time ago
[13:49] {dino} lol
[13:50] {patel} lol
[13:50] {patel} What happen to Will?
[13:50] {dptl} lol
01[14:00] {Threei}  here is another one for you will
01[14:00] {Threei}  Good always wins over evil; thus who wins is always good
[14:00] {Will49} :)
[14:01] {scottie} altr stop to .12
[14:01] {Will49} Money cannot buy happiness, but it's more comfortable to cry in a
[14:01] {Will49} Corvette than on a bicycle.
[14:03] {nemo} just go long in the morning and take a nap
[14:05] {dino} wlt
[14:05] {dino} sm s .00
[14:06] {nemo} sheesh  wlt, wtf
[14:06] {nemo} looks like 40 area
[14:08] {dino} cov flat poor entry
[14:09] {dino} sm s wlt .58
[14:10] {dino} stopped
[14:11] {dino} last try sm s .97
[14:16] {dino} cov wlt .67, +.30
[14:19] {dino} i did not trade that well
[14:19] {nemo} surprised you weren't paying attention to pivot levels
[14:19] {dino} was watching r1 nemo, but the bounces scared me out
[14:20] {nemo} I wasn't seeing any weakness until it got above 40
[14:20] {dino} theres r1 on the pullback
[14:21] {nemo} yeah, but that was the first pullback, the bids just go yanked...2nd mouse gets the cheese kinda thing
[14:32] {dino} wlt sm s .20
[14:32] {nemo} nice entry dino
[14:33] {dino} time will tell
[14:33] {nemo} I didn't say the exit would be pleasant
[14:33] {dino} yeah, feeling it
[14:33] {dino} stop -.30
[14:34] {dino} wtf rinsed
[14:34] {nemo} 1/7/13
[14:35] {dino} reload sm s .27
[14:36] {nemo} don't hang around too long, market is strong and that 41.30 area is begging to be tested
[14:36] {dino} thx
[14:36] {nemo} see the daily?
[14:37] {dino} cov .97, +.30
01[14:41] {Threei} Short Setup: LVS  .10 break
[14:43] {dino} mnro sm s .70
[14:50] {dptl} RHT .80 short?
01[14:51] {Threei}  yes
[14:51] {dptl} daily looks good
[14:52] {dptl} well to short i mean
[14:53] {dptl}  invalidated
[14:56] {Will49} Need to bail early today...great day Vad..tks
01[14:57] {Threei}  take care will
[14:59] {dptl} SWKS .50 short may be again?
01[15:01] {Threei}  yes
[15:02] {dptl} .56 stop?
[15:03] {dptl} if triggers
01[15:03] {Threei}  yeah
[15:05] {dino} stop mnro -.25
01[15:18] {Threei} Short Setup: DG  44 break
01[15:18] {Threei}  If holds  .10
[15:19] {dptl} got .98
[15:20] {dino} gotta hop. thx all, gn
[15:20] {scottie} dino
01[15:20] {Threei}  take care dino
[15:32] {patel} oh well.... nice day....
[15:32] {dptl} stopped dg
[15:32] {jdetente} blah
[15:33] {dptl} in swks
[15:41] {jdetente} DG going to rinse
01[15:43] {Threei}  dirty rotten scondrel
[15:46] {jdetente} son of a motherless goat
01[15:46] {Threei}  lol
01[15:48] {Threei}  OK guys, no more trades
01[15:49] {Threei}  thank you all, have a good evening
01[15:49] {Threei}  see you tomorrow
[15:49] {scottie} gn all
[15:49] {jdetente} gn
[15:49] {patel} take care
[15:49] {patel} gn

Nemo's Findings week of 2/17/2013

(Course on chart pattern recognition is available now: http://www.realitytrader.com/111trades.html

The week that was: 

Wow, how much longer can this go on  grind and pop, grind and pop.  News has been good. The growing news story are the burgeoning currency wars, and Japan's belief that we can depreciate our currencies to prosperity.  In an effort to spur inflation they mandated their refineries reduce gas production 20%, which may be one of the reasons beyond the seasonal dynamics why we've seen such a jump in gasoline prices.  If you hadn't notice export of refined products is why our trade numbers were so good last month. Now we know where they're going. Yeah, depreciate, jack up the price of gasoline taking more money out of the consumer's pocket.  Sounds prosperous to me.

Notice on the last graph for the week how the Yearly R1 (YR1) has been support in SPY:

The week that is:

I guess look for more of the same until the price action tells us otherwise.  Pay attention to what longer term levels (beyond the weekly) are showing relevance, and then what weeklies are lining up with or near them.  Peace & Quiet

Market Week Wrap-up

US Equities Hovering at Five-Year Highs in Week of Mega Mergers; Currency Warriors Meet In Moscow


- US equity markets tested fresh five-year highs this week as global finance leaders gathered at the G7 and G20 meetings in Moscow. Earnings season has entered the home stretch, while a raft of mega deals highlighted the return to life in the M&A market. On the US data front, the January industrial production report was weaker than expected, following two months of solid gains. However the very strong February Empire Manufacturing blew away expectations and returned to positive territory for the first time since last July. Note that the yield on the 10-year US treasury closed out the week right above 2% in another sign of risk appetite continuing. In Europe, Q4 GDP data showed the continent headed for another recession as austerity measures bit into growth. Most Asian markets were closed for the New Year holidays, although Japan traded most of the week. For the week, the DJIA slipped 0.1%, the S&P 500 gained 0.1% and the Nasdaq lost 0.1%.

- Fourth quarter GDP data for European nations and the eurozone as a whole published on Thursday gave further notice that the continent headed for recession. German GDP slid 0.6%, France's economy contracted 0.3%, Italian GDP shrank 0.9%, and the eurozone economy overall fell 0.6%, the worst reading since Q1 of 2009, in the aftermath of the 2008 meltdown. Recall that last week, ECB Cheif Draghi asserted that confidence had stabilized and the ECB was seeing a gradual recovery later in 2013.

- Analysts were watching the January retail sales report for signs of the impact of the recent payroll tax cut repeal. The thesis was that the data would be a barometer for the impact of the higher payroll taxes: a decline in retail sales could indicate problems for the recovery as consumers tightened their belts. As it turned out, the advance reading for January retail sales was +0.1%, right in line with estimates, suggesting that spending was not held back by the tax hike yet, though many analysts warned that consumers may adjust their spending over a the course of a few months. The data may have masked the impact on lower income workers, however, as a report on Friday suggested that an internal memo indicated that Walmart sales in February were off to a very shaky start. This may indicate that that the payroll tax hike is already crimping the spending of the lower income consumers who form Walmart's customer base.

- At one point on Friday, gold futures were down over two percent, briefly dipping below $1,600 for the first time since last August. Quarterly hedge fund disclosures showed big withdrawals from various gold ETFs by George Soros and Louis Bacon, among other, although the filings indicate John Paulson maintained his position in gold.
- Warren Buffett's Berkshire Hathaway and 3G Capital announced a deal to acquire processed food giant H.J. Heinz Co for $23.2B in cash. Including debt, the transaction was valued at $28 billion. All in all, Berkshire and 3G will pay $72.50 per share, a 19% premium to the stock's all-time high. Buffett told CNBC he is putting $12-13B into the deal and still has "ample" amounts of cash left over for another big acquisition.

- AMR and US Airways finally announced their long-anticipated merger. The $11 billion all-stock deal gives US Air's team operational control over the bankrupt airline, while AMR's creditors will wind up owning 72% of the combined carrier, which will retain the American Airlines name. The combined entity becomes the largest US airline in terms of miles flown and annual revenue.

- A new wrinkle emerged in the Herbalife hedge fund battle on Thursday, when Carl Icahn disclosed a 14M share stake (12.98%) in the MLM firm, saying that his analysis shows the company has a "legitimate business model." Three weeks ago during his televised confrontation with Bill Ackman, Icahn said Herbalife could be the "mother of all short squeezes" someday. Other hedge fund managers noted they were taking advantage of the battle of the billionaires - Chapman Capital said it sold its entire stake in Herbalife right after Icahn's stake announcement, and was looking to buy in again at a lower price as the battle will cause a "roller coaster" in the stock.

- The week in FX was dominated by currency war skirmishes at the G7 and G20 conferences. At the G7, finance ministers and central bankers agreed to avoid targeting lower exchange rates, and reaffirmed their commitment to "market determined exchange rates" and avoiding excessive FX volatility. In addition, members said they would work toward "domestic objectives" using only "domestic instruments." There was some confusion after anonymous officials suggested first that the members were concerned about Japan's unilateral efforts to weaken the yen, followed by rebuttals by other unidentified officials who said the statement was not aimed at any one nation.

- The G20 draft communique had some material differences with the G7 draft, though officials played down the discrepancies. The G20 repeated the commitment to market determined FX rates, but interestingly omitted the part about fiscal and monetary policy only being used for domestic economic aims. Observers suggested the US and Japan, with their massive QE programs, bumped the latter statement from the broader G20 communique. The G20 also lacked a commitment to avoid targeting FX rates. One senior G20 source said references to targeting exchange rates would not be acceptable to China, with its yuan peg and giant stash of USTs.

- In Europe, officials from France continued to face off against most of the rest of their eurozone partners. The French kept stating that the euro remains overvalued, while Northern European officials reiterated that the market needs to set rates. EUR/USD traded in a range between 1.33 and 1.35, well within January levels. The yen made fresh lows at the beginning of the week, as USD/JPY hit its lowest level in 33 months just below 94.25. The back-and-forth over the G7 and G20 statements capped the yen's decline for the week, and USD/JPY traded back into the 92 handle. Cable hit six-month lows after the BoE signaled it would not tighten policy in response to higher inflation.



TradeTheNews

Feb 15 2013

Perfect way to end the week, with strong winning day. Discipline and careful selection of setups does wonders - whole Feb so far is very good to us.

Session Time: Fri Feb 15 00:00:00 2013
[09:01] {scottie} good morning
01[09:03] {Threei}  scottie :)
[09:04] {patel} Good Morning Traders!
[09:05] {jdetente} gm!
01[09:05] {Threei}  patel, jd :)
01[09:12] {Threei}  jd, admin asked to ask you to check your e-mail
01[09:13] {Threei}  *(US) JAN INDUSTRIAL PRODUCTION: -0.1% V 0.2%E
[09:15] {jdetente} I took care of it a few minutes ago....I had an address change.
01[09:16] {Threei}  that's between you two :)
[09:17] {Will49} good opex morning
01[09:17] {Threei}  will :)
[09:23] {ese} morning
01[09:23] {Threei}  ese :)
[09:23] {nemo} this has one of those rip day feels
[09:23] {ese} saw the news clip of that meteor hitting the soviet union.............distroyed your old house vad when it hit
01[09:24] {Threei}  lol
01[09:24] {Threei}  uh oh
01[09:24] {Threei}  troubles guys
01[09:24] {Threei}  Fitch: Ghana outlook lowered to Negative from Stable
[09:24] {Will49} lol
01[09:24] {Threei}  what to do, what to do
[09:24] {ese} sell sell
[09:24] {dptl} gm
[09:24] {ese} ddddddppppppppp
01[09:25] {Threei}  dp :)
[09:25] {dptl} :)
[09:25] {ese} ruth
01[09:25] {Threei}  you guys remember our favortite internet character, Grumpy Cat
01[09:25] {Threei}  new one by him: http://goo.gl/tpjbr
[09:25] {dino} gm
[09:25] {ese} opps...that was suppose to go into the news check
01[09:25] {Threei}  dino :)
[09:26] {cipher} gm
[09:26] {dino} :)
01[09:26] {Threei}  cipher :)
[09:26] {ese} dino C
[09:26] {Will49} all hands on board and toilet is working
[09:26] {cipher} ese
[09:28] {nemo} can feel the animal spirits
[09:29] {ese} lol
[09:29] {dino} ccl hl s .30 stop .51
01[09:32] {Threei} Long Setup:  FB  .65 break
01[09:33] {Threei}  If holds  .55
01[09:33] {Threei}  wow BBRY
01[09:34] {Threei}  cautios comments by Detwiler
01[09:34] {Threei}  whoever Detwiler is
[09:36] {thomcbell} jcp 19 short break if holding 19.10
01[09:36] {Threei} Long Setup:  LVS  .50 break hl
[09:36] {ese} L elli .49
[09:37] {thomcbell} jcp invalidated
01[09:38] {Threei}  Invalidated  LVS
[09:42] {scottie} trail to .69 ?
[09:42] {scottie} .359 ?
[09:42] {scottie} .59?
[09:42] {scottie} oops
01[09:43] {Threei}  trail FB to .59yes
01[09:43] {Threei}  and welcome to the club of the worst typists ever
[09:43] {scottie} lol
01[09:43] {Threei}  just one thing to remember about that club
01[09:44] {Threei}  I am the president!
01[09:44] {Threei}  I yiled the chair only to someone who can type with swimming fins on his hands
01[09:45] {Threei}  let's sell half
01[09:45] {Threei}  market suddenly weakened
[09:45] {Will49} where's your patience?
01[09:46] {Threei}  FB still looks strong but let's be more careful
01[09:46] {Threei}  it's a friday before long weekend
[09:46] {Will49} am all for that:)
[09:46] {jdetente} stop to .64?
01[09:46] {Threei}  yeah
01[09:46] {Threei}  btw canucks, market is closed on Mon
[09:47] {dptl} out fb ty
[09:47] {dptl} its a long weekend?
01[09:47] {Threei}  yes
[09:48] {jdetente} long weekend. I will be enjoying my global warming on the beach
[09:48] {ese} L sndk .10
[09:48] {dino} asgn sm l .01 ave
[09:48] {dptl} oh pres day
01[09:50] {Threei} Long Setup:  BBRY  .80 break
01[09:51] {Threei}  If holds  .70
[09:51] {ese} out sndk .52 +.42
[09:52] {ese} was sm only 400 shs
[09:52] {dino} gj
01[09:53] {Threei}  *(US) FEB PRELIMINARY UNIVERSITY OF MICHIGAN CONFIDENCE: 76.3 V 74.8E
[09:54] {patel} GDX is tryign to hold 40
01[09:56] {Threei}  1:1
[09:56] {dptl} out rimm ty
[09:56] {dptl} oops bbry
01[09:57] {Threei}  it's like Nutcracker and Ballbreaker... same thing
[09:57] {dptl} lol
[09:58] {dino} out asgn .68, +.67
[09:58] {scottie} out bbry tks Vad
[09:58] {jdetente} thx Vad
[09:58] {ese} wtf......what was i thinkin......out elli .79 -.60..........buy a stock adn lose track of it
01[09:58] {Threei}  yw
01[09:58] {Threei}  wow
[09:59] {ese} wow is right
[09:59] {nemo} why don't you put a stop loss in
[09:59] {ese} was sm though
01[09:59] {Threei}  GDX... I knew it was a good short two days ago :(
[09:59] {patel} yeah
[09:59] {ese} am dn 250 on the day so far......sndk has offset that........sheesh
[10:00] {dino} elli sm l .98
[10:00] {ese} talk about fallin asleep.........i know i went obed late last night but whoa
[10:00] {cc_8} Among the companies with shares expected to trade actively in Friday’s session are Herbalife Ltd. (HLF), Burger King Worldwide Inc. (BKW) and Agilent Technologies Inc. (A).
[10:02] {dino} mtrx sm s .04
01[10:03] {Threei} Short Setup: BBRY  .70 break hl
01[10:03] {Threei}  If holds  .80
01[10:03] {Threei}  aggressive for .60
[10:03] {patel} missed it
[10:03] {dptl} yah
01[10:04] {Threei}  1:1
[10:04] {scottie} missed it too
[10:05] {dino} cov ccl .10, +.20
[10:05] {jdetente} scalp. thanks Vad
01[10:06] {Threei}  yw
[10:06] {patel} wprt spike up
[10:07] {ese} hey nemo......sorry forgot to answer your question re the stop loss............though I had.....plain and simple "F' up......was looking away and didn't realise it
[10:07] {dino} s wprt .89
[10:07] {dino} sm
[10:08] {patel} ncie dino on WPRT
[10:08] {dino} thx patel, cov wprt .56, +.33
[10:09] {thomcbell} any reason wprt is running?
[10:09] {dino} nope
[10:09] {ese} take over chatter
[10:09] {dino} ahh
[10:10] {ese} just looking at trade the news
01[10:10] {Threei}  BBRY
[10:10] {dptl}  JCP .50 long?
[10:10] {ese} L elli .05
[10:11] {patel} Nice call Threei
[10:11] {patel} I wasnt fast enough
[10:11] {dino} thx ese on elli nidea, out .30, +.32
01[10:11] {Threei}  ty
01[10:11] {Threei}  JCP, yes
[10:11] {ese} your welcome......too bad i didn't play it right
01[10:11] {Threei} Short Setup: GDX  40 break
01[10:11] {Threei}  If holds  .10
[10:12] {dino} sh*t happens buddy
[10:12] {ese} indeed
[10:13] {dino} mtrx woof, cov .02 +.02
[10:13] {scottie} can't short
01[10:14] {Threei}  yeah
01[10:14] {Threei}  anyone can?
[10:14] {dptl} i did .99
[10:14] {patel} I got in at .99
01[10:14] {Threei}  huh
01[10:14] {Threei}  wait, now I can too
[10:15] {patel} ???
01[10:15] {Threei}  someone must have covered and freed shares for me
[10:15] {Will49} cc8 see chat
[10:15] {patel} target on GDX
01[10:15] {Threei}  1:2
01[10:15] {Threei}  broker might have limited inventory for the name, patel
[10:16] {patel} market should help us as it is coming in
01[10:16] {Threei}  so if all available shares are shorted, you may see unavailable
[10:16] {ese} out elli .48 +.43
01[10:16] {Threei}  but if someone covers, they become available for you again
01[10:16] {Threei}  1:1
[10:16] {dptl} out ty
[10:17] {dptl} i freed some shares
[10:17] {scottie} XL l .75 ?
[10:17] {ese} nemo....ya there
[10:18] {dptl} JCP getting closer
01[10:18] {Threei}  chart is right scottie
01[10:18] {Threei}  market suddenly weakened
[10:19] {dptl} i jcp
[10:19] {dptl} stop under .40
[10:24] {dptl} out ty
[10:24] {scottie} +.09 tks dp
[10:24] {nemo} yep ese
[10:26] {ese} I snaswered your question re the stop up above........was just plain and stupid this morning
[10:26] {ese} L mnst .44
[10:26] {nemo} ahhh
[10:26] {nemo} mnst at 50 day and above R3 I would think about shorting here
[10:28] {ese} looking for a quick jump then out
[10:30] {ese} out mnst  .65 +.21
[10:32] {dino} markets slowing down already
[10:37] {jdetente} good scalping so far
[10:37] {jdetente} thx Vad
01[10:39] {Threei}  :)
01[10:39] {Threei}  CNN anchor suggests meteor hurtling toward Earth could be a result of global warming
01[10:39] {Threei}  what???
[10:39] {nemo} yeah, what an idiot
01[10:39] {Threei}  are these people utterly and completely insane?
[10:39] {nemo} agenda
[10:39] {jdetente} I heard that the other day...hilarious
[10:39] {ese} huh
[10:40] {ese} ya know......when I read stuff like that....I realise I have job security for life..........man there are some stupid people out there
[10:41] {dptl} FAST hanging at the high
[10:41] {jdetente} Try working at a large financial institution ese...that's when I realized I can always find employment. lol
[10:41] {ese} L bbry
01[10:41] {Threei}  actually it's just the opposite I am afraid
[10:41] {ese} I'll bet eh jd
[10:42] {ese} .45 for bbry
01[10:43] {Threei}  at some point the sheer number of stupid reaches critical mass and they start ostracising anyone with IQ above the baseboard
[10:43] {ese} indeed....lol
[10:43] {dino} well, thats atlas shrugged
[10:46] {dptl} .20 short ?FAST
[10:46] {dptl} ?
01[10:46] {Threei}  nah
[10:46] {ese} L bbry avg .47
[10:46] {dptl} K
[10:47] {dptl} oops....ok
[10:53] {thomcbell} jcp tails on the 10 minute have me looking for a short setup
[10:55] {dptl} feels like everyone left...so slow
[10:56] {ese} not me.........
[10:56] {ese} bbry is going nuts again
[11:01] {dino} good one ese
[11:01] {dino} qcom l .50
[11:02] {dptl} DG .90 long?
[11:02] {ese} tks dino out bbry .75 +.30
[11:03] {ese} i hit it with another 3k
01[11:03] {Threei}  can't tell
[11:03] {ese} makes up for early morning stupidity
[11:03] {patel} dp u still in JCP
[11:03] {dptl} no just scalped it
01[11:04] {Threei} Short Setup: GDX  .85 break
01[11:04] {Threei}  If holds  .95
01[11:07] {Threei}  Invalidated
[11:12] {scottie} JCP l .75 ?
01[11:13] {Threei}  50/50
[11:14] {scottie} tks
[11:17] {dino} qcom stop -.05
[11:19] {scottie} VLO s .05 ?
01[11:20] {Threei}  hl, yes
[11:20] {scottie} in .04
[11:20] {dptl} pivot at 46.99 VLO can stop there
[11:29] {scottie} out -.12
[11:30] {scottie} looks like you were right dp :)
[11:30] {thomcbell} short setup bbry 14.54 break if holding 14.64
[11:35] {ese} L bbry .61
[11:37] {thomcbell} yes beginning to look more like a long
[11:38] {dino} vxx l .05
[11:39] {ese} whats up?  spyders tankin
01[11:40] {Threei}  no news
01[11:40] {Threei}  there is G20 session coming, and it looks like currency war will be front and center
[11:41] {dptl} global warming ? lol
01[11:41] {Threei}  with pressure mounting on USA to sop the borrowing
01[11:41] {Threei}  stop
01[11:41] {Threei}  which as we know well means market crash
[11:41] {dino} its a race to devalue the fastest
[11:41] {dino} inflate it all away
[11:42] {scottie} CLF s .75 ?
01[11:43] {Threei}  hl... looks tempting
[11:44] {scottie} can't short
[11:44] {dptl} not available here
[11:45] {scottie} and that's the good news
[11:45] {dptl} and its good its not
[11:45] {patel} yeah
01[11:45] {Threei}  lol
[11:45] {patel} that would have stopped us out so fast.
[11:45] {dptl} trading gods on our side :)
[11:50] {ese} dino you out of elli or are you still in there?
[11:52] {dino} out vxx
[11:52] {dino} +.03
[11:57] {dptl} ok...taking a break for an hour
[12:04] {dino} me too, things are dead
01[12:05] {Threei}  {Things} we just play dead... waiting for you to turn away
[12:14] {ese} what da ya mean....don't interupt my brain by thinkin.........if this thing wouldn't cut me off then i wouldn't have to think..............SO THERE!
01[12:14] {Threei}  lol
[12:17] {Will49} TBell..tks on BBRY +.16
[12:19] {thomcbell} jcp - all that distance covered to just get back to pivot
[12:19] {thomcbell} i dont know - not a short setup yet but getting interesting
[12:25] {ese} don't know about you all but me and the family are going out for horsemeat burgers tonight.........looks like it's the new delicacy..................YUK!  what the frig next
[12:26] {dino} lol
01[12:26] {Threei}  hmmm
[12:26] {dino} first pink slime, now horse
[12:26] {dino} suppose cat & dog are next (a my dog reads this and runs out the door)
[12:27] {ese} and posibly after that........maybe some light entertainment..........overthrowing a 3rd world government somewhere...........perfect family friday night
[12:27] {ese} lol
[12:27] {Will49} we live in interesting times
[12:27] {ese} no kidding eh
[12:28] {ese} I think the only sane people around are those on this board
[12:28] {ese} hmmmmmmmmmm..............I think i'm gonna re think that
[12:29] {dino} indeed
01[12:30] {Threei}  psst ese... *cough* nemo *cough*
[12:30] {Will49} yea ese, everyone else is insane except you an me...and I'm starting to wonder about you:)
[12:31] {nemo} full moon?
[12:31] {Will49} :)
[12:40] {thomcbell} long setup aig 38.88 break if holding 38.81
[12:43] {ese} lol
[12:43] {patel} any read on NAV
[12:44] {patel} 27.19 long
[12:44] {ese} wow sure...........wait til i'm in the shower and then attack me...........huh
01[12:44] {Threei}  not a good time of the day for this kind of setups, patel
01[12:44] {Threei}  sounds dirty ese
[12:45] {ese} ?
[12:45] {patel} thanks threei
[12:45] {ese} I'll have you know that I represent that remark
[12:47] {ese} I've got some errands to run......L bbry avg
[12:48] {ese} .49
[12:48] {ese} will catcy you later this morning
01[12:48] {Threei}  you intend to hold it over the long weekend?
01[12:48] {Threei}  or return today?
[12:49] {ese} hmmmmmmmm.....preferably out today.......want to see how it reacts end of day
[12:49] {Will49} just kidding ese
[12:50] {Will49} just a couple of Hosers horsing around eh?
[12:50] {ese} no you wern't..........i can tell..........your nemos friend now
[12:50] {Will49} not on your life
01[12:50] {Threei}  we all are
[12:50] {ese} lol
01[12:50] {Threei}  who wants to be on his postal worker list, in ink?
01[12:51] {Threei}  or subjected to this look: http://tradinglog.realitytrader.com/2013/02/nemo-special.html
[12:51] {ese} awesome
[12:52] {ese} cya later
[12:53] {Will49} good one Vad
[12:56] {thomcbell} ha
[12:59] {dptl} Chelyabinsk meteor shower....shattered windows in some places
[12:59] {dptl} http://www.washingtonpost.com/world/europe/meteorite-falls-in-russias-chelyabinsk-region-damage-and-casualties-unclear/2013/02/15/7041c0c8-7732-11e2-b102-948929030e64_story.html
[13:00] {dptl} must be global worming...lol
[13:00] {dptl} warming
01[13:00] {Threei}  good morning dp
[13:00] {dptl} worming lol....
01[13:00] {Threei}  we spoke of it like couple hours ago, lol
01[13:01] {Threei}  I hope ese placed a stop on his BBRY
[13:01] {dptl} oh you did   :)
01[13:02] {Threei}  [10:39] {Threei} CNN anchor suggests meteor hurtling toward Earth could be a result of global warming
01[13:02] {Threei}  [10:39] {Threei} what???
01[13:02] {Threei}  [10:39] {nemo} yeah, what an idiot
01[13:02] {Threei}  [10:39] {Threei} are these people utterly and completely insane?
[13:03] {dptl} oh...missed that one
[13:03] {Will49} go back to bed?
[13:03] {Will49} :)
[13:08] {dptl} yeah ::)
[13:12] {dptl} DG long?
06[13:13] * Threei slaps dptl around a bit with a lunchtime breakout
[13:14] {dptl} lol isnt almost over?
[13:14] {patel} ha
[13:14] {thomcbell} long setup splk 35.25 break if hholding 35.15
01[13:14] {Threei}  do you much activity at this time of the day this week?
01[13:15] {Threei}  or you are looking at formal lunch hours and go by that?
[13:16] {scottie} AOL s .40 ?
01[13:17] {Threei}  yup, hl
[13:18] {scottie} in .40
[13:24] {Will49} in .39
[13:29] {scottie} ut +.10
[13:29] {scottie} out
[13:31] {Will49} practicing patience
[13:31] {scottie} still in will ?
[13:31] {Will49} yes
[13:32] {dino} psmi
[13:32] {Will49} my 1:1 is .29
[13:32] {dino} asgn sm l .95
[13:33] {dino} psmi sm s .50
[13:35] {Will49} so Vad..here's a newby question: you enter a .50 short break at .48....is your 1:1 then .38?
[13:35] {dptl} no
[13:35] {Will49} or still .40
[13:35] {dptl} still .40
[13:35] {Will49} hmmm
[13:36] {patel} I believe it is .40
[13:36] {Will49} tks guys
01[13:36] {Threei}  chart is a chart - pattern doesn't change because of your entry of which market knows nothing
[13:36] {patel} then again nothing I say is correct.
[13:36] {patel} lol
[13:37] {Will49} you are correct patel :)
[13:38] {Will49} wonder how much that little wrinkle has been costing me?
[13:39] {dino} cov psmi .ndaq
[13:39] {dptl} FDO?....or still lunch time?
[13:39] {dino} psmi cov .62 -.12
[13:39] {dino} ndaq spike, sheesh
[13:43] {scottie} NFX s .05 ?
01[13:43] {Threei}  not sure
[13:43] {scottie} ok
[13:44] {scottie} did you take fdo dp ?
[13:45] {dptl} out fdo +.10
[13:45] {scottie} gj dp
[13:45] {dptl} shesh DG
[13:48] {dino} that ccl is a trooper. all that bad publicity and its green
01[13:49] {Threei}  doesn't look like it's going to have any consequences
01[13:49] {Threei}  they said yesterday no cancellations, no decrease in bookings
[13:49] {dino} they announced .08/share hit, but it still holds
[13:50] {dino} prime example of trade what you see, not what you think
[13:53] {thomcbell} same with jcp today
[13:57] {dino} can can just imaging summer afternoons this year. scanners won't move
[13:57] {dino} imagine
[14:02] {dptl} AIG short?
01[14:03] {Threei}  can't tell
[14:03] {dptl} k
[14:04] {dptl} dg ...lol
[14:04] {dptl} all the way back
[14:09] {dptl} wow
[14:09] {patel} whoa DG
[14:10] {patel} FDO droppage
[14:10] {dptl} bad lunch must be they've had
[14:10] {nemo} "http://online.wsj.com/article/SB10001424127887323701904578276491630786614.html?mod=WSJ_hps_sections_opinion
01[14:11] {Threei}  DG is sympathy to WMT
01[14:11] {Threei}  and WMT had bad Feb same-store sales
[14:11] {dptl} and they took jcp with them
01[14:11] {Threei}  same for FDO
[14:16] {dptl} KSS as well
[14:16] {thomcbell} i guess there is something about wmt sales
[14:16] {thomcbell} out there
[14:16] {patel} and HD, MCD, TGT, COST, DLTR,
[14:17] {patel} SBUX
[14:17] {patel} any play on GDX here
[14:17] {dptl} is that what couse market drop? wall mart news?
01[14:18] {Threei}  looks like
[14:18] {dptl} hmm....
[14:21] {patel} Wal-Mart (WMT) and peers Target (TGT), Costco (COST), Dollar General (DG) and Family Dollar (FDO) are moving lower after Bloomberg reported that Wal-Mart's February sales were called a "total disaster" in a leaked internal memo.
[14:24] {dptl} Will, still in aol?
[14:24] {nemo} that's funny because the XRT was leading this morning
01[14:25] {Threei}  Wal-Mart Stores Inc Exec: Feb same-store sales got off to the worst start the firm has seen in nearly seven years, attribute poor sales to payroll tax cut expiration
[14:25] {Will49} no...out with a gain of .12
[14:26] {dptl} nice.:)
[14:26] {scottie} gj will
[14:26] {Will49} took a lot of patience
[14:26] {scottie} nice patience too
[14:26] {scottie} lol
[14:26] {dptl} like fishing
[14:26] {Will49} as the Vad says...trade to learn
[14:28] {scottie} ok guys, long weekend starts here, see you all tuesday
[14:28] {Will49} take care scottie
01[14:28] {Threei}  take care scottie, have a good one
[14:28] {dino} cya scottie
[14:28] {dptl} see ya :)
[14:29] {scottie} will, dino, dp :)
[14:30] {dino} fdo sm l .95
01[14:30] {Threei}  WMY jump
01[14:30] {Threei}  DG and FDO are likely to follow
[14:31] {dino} out .30, +.35
[14:31] {patel} any play those
[14:31] {patel} DG hasnt jump that much
01[14:31] {Threei}  FDO did follow
01[14:31] {Threei}  DG starts
[14:31] {dino} just did patel
01[14:32] {Threei}  WMT CNBC indicates it received a statement calling certain internal communication as always not entirely accurate and will release sales numbers in regular interval
[14:35] {dino} dds sm l .07
[14:41] {dino} out dds .57, +.50
[14:42] {dino} thx for idea patel
[14:42] {patel} huh
[14:42] {patel} why my name mentioned
[14:42] {dino} you brought up walmart, so i checked others
01[14:43] {Threei}  ph, just shut up and take the credit
[14:43] {patel} haha
[14:43] {patel} you welcome
[14:43] {dptl} lol
[14:43] {patel} I took no trades :(
[14:43] {dino} traders trade
01[14:43] {Threei}  seriosuly man, what's wrong with you - you are being thanked, and you object? :)
[14:43] {patel} lol
01[14:43] {Threei}  "sure buddy, any time!"
01[14:44] {Threei}  this is one fragile market
01[14:44] {Threei}  remember our discussion recently,
01[14:44] {Threei}  about this climb
01[14:45] {Threei}  complacency getting widespread
01[14:45] {Threei}  and how it's likely to end very abruptly at some point.
01[14:45] {Threei}  I don't think we are there yet,
01[14:45] {Threei}  but this is how it's goijg to happen eventually
01[14:45] {Threei}  no warning shot, out of nowhere
[14:51] {dino} cg spike
[14:52] {dino} can't borrow
[14:57] {dptl} hal short?
01[14:57] {Threei}  .35... hl
[15:03] {dptl} stop .41
01[15:09] {Threei}  rofl
[15:09] {patel} ???
01[15:09] {Threei}  one of the buses carrying passengers from that doomed cruise ship broke down
[15:10] {patel} hahaha
01[15:10] {Threei}  can you imagine those guys?
[15:10] {patel} yeah i read about it this morning
[15:10] {patel} that was funny
01[15:10] {Threei}  "Again????"
[15:10] {Will49} shheeees
01[15:11] {Threei}  I envision myself in this situation... walking off a bus quietly, lifting my gaze to the sky and asking: so, going to tell me what I've done to you?
[15:12] {patel} 1:1 baby
[15:12] {Will49} yeah man
[15:13] {dino} fdo sm l .50 stop lod
01[15:13] {Threei}  there was old russian joke, about a guy with all thinkable disasters rasining on him, at some point droopping on his knees and screaming: why, why, what did I ever do to you??
01[15:14] {Threei}  heavens open, thunder, lighting, whole nine yards,
01[15:14] {Threei}  voice from above says musingly:
01[15:14] {Threei}  Look... I just really really dislike you...
[15:15] {dptl} lol..ya i know that one
[15:16] {dptl} out hal 1:1...i'll finish here
[15:16] {dino} gj
[15:16] {dptl} ty
[15:17] {patel} gj
[15:17] {Will49} tks dp...I'll hang in there for you
[15:18] {dptl} 6 for freaking 6....have a good weekend all see ya tue :)
[15:18] {Will49} excellent...see ya
[15:18] {patel} nice
[15:18] {patel} take care
01[15:18] {Threei}  wait!
[15:18] {dptl} oo
06[15:18] * Threei slaps dptl around a bit with a large bottle of frozen vodka for celebration
01[15:18] {Threei}  now go
[15:19] {dino} wtfg dp!
[15:19] {Will49} haha
[15:19] {dptl} oh...ty..lol
01[15:19] {Threei}  you are very welcome
01[15:19] {Threei}  see what picky disciplined trading does?
01[15:19] {Threei}  wonders!
[15:19] {dptl} yes
[15:19] {dino} out fdo .68, +.18
[15:20] {dino} less is more dp
[15:21] {dptl} very true....cuting my activities in half
[15:21] {dptl} or more
01[15:21] {Threei}  nope
01[15:21] {Threei}  wrong approach
[15:22] {Will49} out HAL flat
01[15:22] {Threei}  here is the right one:
01[15:22] {Threei}  tailor your activity to the market
[15:22] {dptl} ye ye right...
01[15:22] {Threei}  trim down when nothing happens, ramp up when activity rises
01[15:22] {Threei}  swim with the current
[15:23] {dptl} yep...:)
[15:30] {jdetente} calling it a week. Have a great long weekend!
01[15:30] {Threei}  you toojd
[15:30] {Will49} Peace jd
[15:30] {Will49} don't take any cruises or buses
[15:30] {jdetente} haha
[15:31] {jdetente} just hitting the beach
[15:31] {Will49} where?
01[15:31] {Threei}  with what?
01[15:31] {Threei}  2x4?
[15:31] {jdetente} possibly
[15:31] {jdetente} Malibu area
[15:31] {Will49} nice
01[15:31] {Threei}  say hello to Charlie
[15:33] {jdetente} hopefully he has some nine gram rocks lol
01[15:34] {Threei}  Rep. Charles Rangel (D-N.Y.) on Friday said he plans to introduce legislation that would bring back the military draft and extend it to women for the first time.
01[15:34] {Threei}  Rangel, who has pushed for years to bring back the draft, said the Pentagon�s decision to allow women to serve in combat means that they too should register for the Selective Service.
01[15:49] {Threei}  ok guys, thank you all
[15:49] {Will49} Another great day Vad...have a good rest everybody!
01[15:49] {Threei}  have a great long weekend
01[15:49] {Threei}  see you on Tuesday
[15:55] {patel} take care