Oct 25 2012

These FB shorts are too good to skip. 1:5 trade:

Session Time: Thu Oct 25 00:00:00 2012
[09:03] {dino} gm
01[09:03] {Threei}  morning dino
[09:04] {nemo} I see the prodigal son made it back for a second day
[09:05] {nemo} what's with all the happiness in the market today?
[09:07] {scottie} good morning
01[09:07] {Threei}  scottie :)
01[09:07] {Threei}  *(US) INITIAL JOBLESS CLAIMS: 369K V 370KE; CONTINUING CLAIMS: 3.254M V 3.26ME- 4-week avg claims: 368Kv 366.5K w/w - Prior Initial Jobless Claims revised higher from 388K to 392K - Prior Continuing Claims revised higher from 3.252M to 3.256M
01[09:08] {Threei}  *(US) SEPT CHICAGO FED NATIONAL ACTIVITY INDEX: 0.0% V -0.20E- Prior revised lower from -0.87% to -1.17%
01[09:08] {Threei}  *(US) SEPT DURABLE GOODS ORDERS: 9.9% V 7.5%E; DURABLES EX TRANSPORTATION: 2.0% V 0.9%E - Source TradeTheNews.com
[09:08] {Les} that be me, the prodigal son?
[09:09] {Les} morning
01[09:09] {Threei}  les :)
[09:12] {nemo} mmmmhhhh....he got it....amazing
[09:12] {Les} aaah we wanna play ha
[09:13] {ese} morning
01[09:14] {Threei}  ese :)
[09:14] {ese} vad
[09:14] {ese} awesome.......i see Les is hangin
[09:14] {Les} ouch... what sort of hangin you talking about there ese...?
[09:15] {Les} you been hanging around nemo too long
[09:15] {nemo} don't stick your chin out like that Les
[09:15] {ese} hey Les.........good to hear from you again
[09:16] {ese} never did make it Switzerland to see you........we'd been up at Lake Como twice but ran out of time
[09:16] {nemo} funny...you told me you were trying to avoid him
[09:17] {ese} lol
[09:17] {ese} ssshhuuuuuuuushhhhhhh............
[09:17] {Les} heheh
[09:17] {ese} what he doesn't know won't hurt him
[09:18] {Les} put a dollar in my pocket this time round and I'll happily drop down to see yer lead singers... er yourself next time round
[09:18] {ese} ahhhhhhh......i mean.........ahhhhhh....hey Les.........hey great to talk to you .....ahem......again.....I mean
[09:18] {nemo} DeMark seems to think the SPY will make new highs then the market will keel over
[09:19] {Will49} gm
01[09:19] {Threei}  will :)
[09:19] {ese} will
[09:19] {Will49} hi ese
[09:20] {ese} where wer you reading those comments nemo.......i respect that guys opinions
[09:20] {Beau} good morning
[09:20] {ese} B
01[09:20] {Threei}  beau :)
[09:22] {cipher} gm
[09:22] {ese} my guess nemo............rally til the end of the year........keel over 2013
01[09:22] {Threei}  cipher :)
[09:22] {ese} C
[09:23] {cipher} E :)
[09:24] {nemo} not sure the webpage, but got it off finviz news aggregation page
[09:24] {ese} ahhhh tks
[09:25] {ese} finvis is a great site too
[09:25] {thomcbell} finviz
[09:25] {nemo} finviz.com
[09:28] {nemo} orly may be headed for 89
01[09:31] {Threei}  Per Bloomberg. Obama's green initiative: $14B spent to date, 28,854 jobs created. $485,201/job.
01[09:32] {Threei} Short Setup: FCX  .40 break hl
01[09:32] {Threei}  If holds  .50
[09:32] {nemo} gap and go
[09:34] {nemo} iwm to test .22
[09:34] {cipher} AAPL l .01
[09:34] {cipher} out .99 +.98
01[09:34] {Threei}  1:1
[09:35] {robbers} out, thanks.
[09:35] {Will49} tks Vad
01[09:35] {Threei}  :)
01[09:35] {Threei}  wow... president calls contender a bullshitter in an interview... is it that same president who wanted to introduce civility in politics?
[09:36] {dino} spr hl l .00 stop lod break
01[09:36] {Threei} Long Setup:  FB  .80 break
01[09:37] {Threei}  If holds  .70
[09:38] {nemo} shhesh it's already done over 8 mil
01[09:39] {Threei}  no go
[09:39] {Les} s1 .62 FB
[09:39] {nemo} yeah, and yesterday was Wile E. Coyote day in FB
[09:41] {cipher} s aapl 615.97
[09:41] {dino} out spr .27, +.27
01[09:42] {Threei}  rinse
[09:42] {nemo} not yet
[09:45] {dino} 07 red
01[09:46] {Threei} Short Setup: GLD  .20 break
01[09:46] {Threei}  If holds  .25
01[09:47] {Threei}  (US) Preview: Sept Pending Home Sales expected at 10:00 ET (14:00 GMT)**Consensus expectations: - MoM: +2.5%e v -2.6% prior - YoY: 17.4%e v 9.6% prior
01[09:50] {Threei} Long Setup:  LVS  46 break
01[09:50] {Threei}  late...
01[09:51] {Threei}  1:1
[09:53] {Les} R3 lvs and back to 46
01[09:54] {Threei}  half out GLD
01[09:54] {Threei}  stop to .21
[09:54] {nemo} numbers coming
[09:55] {thomcbell} short setup slw - 38.40 break if holding 38.50
01[09:56] {Threei}  National Daily Tracking: #Romney: 50%, #Obama: 47%
01[09:56] {Threei}  scalpers win
[09:57] {thomcbell} invalidated
01[09:58] {Threei}  let's wait out numbers
[10:00] {nemo} bad numbers
01[10:00] {Threei}  *(US) SEPT PENDING HOME SALES M/M: +0.3% V 2.5%E; Y/Y: +8.5% V 17.4%E
01[10:00] {Threei}  some recovery
01[10:01] {Threei} Short Setup: SLW  .60 break
01[10:01] {Threei}  If holds  .65
[10:02] {scottie} not in short list
[10:03] {thomcbell} fb looks long here but market does not
01[10:03] {Threei}  FB feels rather heavy to me
[10:03] {nemo} short below .80
01[10:03] {Threei}  just can't raise its head
01[10:03] {Threei} Short Setup: FB  .80 break
01[10:03] {Threei}  If holds  .90
01[10:03] {Threei}  and stop this mind reading tricks nemo
[10:05] {nemo} did it the other day at the lecture...kid flipped
[10:05] {dino} iaci hl l .06
01[10:06] {Threei}  Invalidated  FB
[10:06] {thomcbell} u mock what u dont understand Sensai
[10:07] {ese} if the market is the forward looking vehicle that everyone says it is then it's going up today based on those housing numbers...........read 3 articles this morning that have said the 71% of all companies that have reported have reported positive........therefor more money to buy houses in the future
[10:07] {Les} is it going into workers pockets?
01[10:08] {Threei}  on first, hpusing numbers is just one little piece in big mosaic - market is not going to go on these numbers only for any significant amount of time
[10:08] {dino} out iaci +.22
[10:08] {thomcbell} wow lvs looks decent here
[10:08] {ese} doesn't have too.........just the illusion that it is is good enough
01[10:08] {Threei}  on second, I rather thought this earnings season looked very shaky
01[10:09] {Threei}  I doubt that 71% number
01[10:09] {Threei}  earnings stats show opposite
01[10:09] {Threei}  I mean salaries and disp[osable income
[10:09] {dino} thought it was 71 % missing
01[10:10] {Threei}  you read too much propaganda, ese :)
[10:10] {ese} lol
[10:10] {nemo} ddd
[10:11] {ese} heres one...BloombergFifty-four companies in the S&P 500 are scheduled to release results today. Earnings at about 71 percent of the index’s companies beat analysts’ estimates, according to data compiled by Bloomberg.
01[10:11] {Threei}  with estimates revised down in 90%
01[10:11] {Threei}  shrug
[10:11] {dino} spr hl l .76
[10:11] {ese} opps...caveatThird-quarter sales missed forecasts at 61 percent of companies, the data showed.
[10:12] {nemo} oops...just ate the sticker on the apple
[10:12] {ese} depends on how you want o look at it
[10:12] {ese} lol
[10:12] {Will49} revenue forecasts lower =big trouble ahead
[10:13] {Will49} businesses have no meat to cut now
[10:13] {Will49} so profits will follow on down
[10:14] {ese} too many people in the financial mrkts are into the " the sky is falling the sky is falling" syndrome........was suppose to be the end of the financial markets back in 07/08/09
01[10:14] {Threei}  don't confuse market and economy
[10:14] {ese} wtf.......were still here.........things will work itself out eventually
01[10:15] {Threei}  market goes up for two years with economy in the tank
[10:15] {Will49} hang onto that positive outlook E
01[10:15] {Threei}  why is that do you think?
[10:15] {ese} i will die of old age....so will you.........relax......make some money
[10:15] {Les} cause you are all such great hard working people of course Vad
[10:16] {Will49} safer to be skeptical
06[10:16] * nemo smacks Les with a nail encrusted 2x4 laced with ricin
[10:16] {ese} lol
[10:16] {Les} ouch
01[10:16] {Threei}  ese... you like numbers, here is one for you:
[10:17] {ese} L btu .48
01[10:17] {Threei}  for the last 4 years economy is being kept afloar (barely) by 1.3 TRILLION government injection annually
01[10:17] {Threei}  to the tune of over 5 TRILLION overall
01[10:17] {Threei}  all of that money is borrowed
01[10:18] {Threei}  tell me what happens when you can't borrow anymore or when interst rates rise
[10:18] {Will49} wait Vad, ese is busy making money
[10:18] {nemo} BOHICA?
[10:18] {Les} Ben will print your way to prosperity
[10:19] {Will49} oh no...two optimists
01[10:19] {Threei} Long Setup:  LVS  .20 break
01[10:19] {Threei}  If holds  .10
[10:19] {ese} that may yet happen but.....and maybe naively..........people are trying to do something about it.........
01[10:19] {Threei}  what people?
01[10:20] {Threei}  and what ar they trying to do?
[10:20] {dino} salvation thru inflation huh ese?
[10:20] {ese} fed/banks/whomever
01[10:20] {Threei}  show me anyone who has any clear plan how to decrease borrowing
01[10:20] {Threei}  you are kidding?
[10:20] {ese} ya gotta figure that there not that stupid and are figuring it out
01[10:20] {Threei}  FED?
01[10:20] {Threei}  seriously?
[10:21] {Les} Vad what the heck you been saying to ese while I was gone?
[10:21] {dino} lulu hl l .24 stop lod break
[10:21] {ese} heres a good solution........we one this board will pool our money and do the bailout ourselves............
[10:21] {nemo} I want the world to collapse
01[10:21] {Threei}  LVS target 1:2
[10:21] {ese} it's atough go here Les.........BUT.........i'm enjoying it
[10:22] {ese} vads been trying to beat some sense into me for a while now.............some days it works some days it doesn't............bottom line....just make some money
[10:23] {ese} a la now out my little 1k position in Btu.......86
01[10:23] {Threei}  have a look at this promise ese: http://www.youtube.com/watch?v=6jJvkkNmR_8
[10:23] {dino} crr?
[10:24] {nemo} that's extended
[10:24] {ese} +.38
01[10:24] {Threei}  decent report dino
01[10:24] {Threei}  that was promise to cut debt in haf by the end of first term
01[10:25] {Threei}  instead debt increased from 10+T to 16+T
[10:25] {dino} out spr .18, +.41
01[10:25] {Threei}  tell me again who is doing what
[10:26] {Will49} negative talk not bothering dino
01[10:26] {Threei}  Swing State Tracking: #Romney 50%, #Obama 46%
[10:26] {dino} obamination vad
01[10:27] {Threei}  SPY sudden drop
[10:27] {dino} lol will, i tune out a lot of noise
01[10:27] {Threei}  I don't see it as negative talk
01[10:27] {Threei}  I see it as simple undeniable reality
[10:27] {Will49} pessimistic then
01[10:28] {Threei}  well, there was a saying in USSR
[10:28] {dino} i agree w/vad. reality is real, not what pols tell you
01[10:28] {Threei}  Optimists study English. Pessimists study Chinese. Realists study AK-47
[10:29] {Will49} lol
[10:29] {Les} crr beautiful
[10:29] {dino} you borrow it les? i couldn't get it
[10:29] {Les} given bankruptcy of that company making ak's Vad, I guess time for new saying
[10:29] {Les} nah dino
01[10:30] {Threei}  what company?
[10:30] {Les} might not be bankruptcy. retrenchment of workers. too many ak-47's in circulation apparently...
[10:31] {Les} http://www.spiegel.de/international/world/russian-kalashnikov-maker-fights-bankruptcy-with-new-weapons-models-a-853915.html
[10:31] {dino} hibb drop
[10:32] {Les} lvs going down here
[10:33] {ese} lol..........ak47.........thats a good one.......haven't heard it phrased quite like that before
[10:35] {dino} markets feel like they want fill open gaps
01[10:36] {Threei} Long Setup:  GLD  .30 break
01[10:36] {Threei}  If holds  .23
[10:37] {dino} lulu stop -.24
01[10:38] {Threei} Short Setup: POT  .55 break
01[10:38] {Threei}  If holds  .60
[10:41] {thomcbell} tcbi
[10:41] {thomcbell} wow
[10:42] {cipher} hibb s .76
01[10:44] {Threei}  no energy in the market today either way
[10:45] {Les} LVS might be ready here
[10:46] {nemo} spy bounce by .32 me thinks
[10:46] {nemo} if not, gap close
[10:46] {cipher} cov hibb .36 +.40
01[10:49] {Threei} Short Setup: FB  23 break
[10:49] {ese} heres one last thought from me today....the financial markets are least of our problems.......yesterday a new student was put into my pre calc math class....shes' from IRAN.....shes just spent a year and a 1/2 in a military militia firing weapons tactical training etc etc this is a lovely young kid...........the mrkts are the least of this planets ........
[10:49] {ese} flipping worries........
[10:49] {ese} when it's doing stuff like that to kids
[10:50] {ese} cya tomorrow
[10:50] {Les} ciao ese
01[10:50] {Threei}  but you still want US to cut dsown military spending :)
[10:50] {Will49} bye E
[10:50] {dino} cya ese
01[10:51] {Threei}  FB, stop for scalpers .06, day traders .11
01[10:51] {Threei}  half out POT
[10:52] {thomcbell} FB holds in rather well
[10:52] {thomcbell} as does lvs
[10:52] {cipher} tna l .13
[10:52] {dino} hibb hl l .50 thinny
[10:53] {cipher} out 1/2 tna .26
[10:54] {cipher} out rest tna .33 +.20
[10:55] {dino} tcbi hl l .45
[10:55] {cipher} aapl l.41
[10:56] {Les} lvs :(
[10:57] {cipher} out 1/2 aapl .82 +.41
[10:58] {thomcbell} gld getting stronger
01[10:59] {Threei}  stop to .06 for everyone on FB
[11:01] {thomcbell} slw decent offer at 38.46
[11:02] {dino} vphm spike
[11:03] {cipher} out rest aapl .70 +.29
[11:04] {cipher} vphm l.87
[11:05] {nemo} NAV
[11:05] {cipher} scaling out vphm .20
[11:05] {dino} tcbi to .68
[11:06] {dino} to .80
[11:06] {Les} is cipher a ghost in your machine Vad?
[11:06] {dino} to .89
01[11:07] {Threei}  he is his own machine, ghost and ATM
[11:07] {dino} out tcbi .95, +1.50
[11:07] {Les} nice vphm catch at R3 support
[11:08] {cipher} out rest vphm .92 +.05
01[11:08] {Threei}  POT looks ready for another leg down
[11:08] {dino} tough crowd
01[11:08] {Threei}  sorry dino, we are a bit numbed down by ese's optimism :)
[11:08] {dino} hibb to b/e
[11:09] {dino} figured cipher would've rode tcbi w/me
[11:09] {cipher} no didn't get in
[11:10] {dino} rode it right to nemos vwap
[11:11] {cipher} s tcbi .12
[11:12] {nemo} aapl numbers tonight
[11:13] {dino} wday drop
[11:14] {dino} out hibb .53, +.03 somethings off
[11:15] {dino} brb
[11:18] {cipher} WDAY L .33
[11:19] {scottie} myl l .90 ?
01[11:19] {Threei}  I doubt market will help this play
[11:19] {scottie} ok
[11:19] {cipher} cov tcbi .14 -.02
01[11:22] {Threei}  good boy FB
01[11:22] {Threei}  half out
01[11:23] {Threei}  and 1/4 more out POT
01[11:23] {Threei}  stop tp .01 FB
[11:24] {nemo} cat
[11:26] {nemo} getting capitulation volume on spy
[11:27] {cipher} wday stopped .06 -.27
[11:27] {dino} wtf hibb, takes me out then pops .50
01[11:29] {Threei}  your call for closing gap is proving accurate, dino
[11:29] {nemo} spy just hit hesterday's close
[11:29] {nemo} somebody is trying to keep this up, look at all that volume
01[11:30] {Threei}  (PT) IMF comments on Portugal; serious downside risks exist to outlook, risks are rising for the bailout program
[11:32] {nemo} thinking tna long above .40
[11:33] {nemo} that should correspond to a break of .10 in spy
[11:33] {nemo} and .75 in FAS
01[11:36] {Threei}  OK, out POT in full
01[11:37] {Threei}  decent gain for 5 cents risk
[11:37] {Will49} tks Vad 1:2
01[11:37] {Threei}  FB is still in play
01[11:37] {Threei}  and has potential
[11:38] {dino} spr hl l .63
[11:38] {dino} stop lod break
[11:39] {Les} so much for swing lows in indexes
01[11:42] {Threei}  who said it was low?
[11:43] {Les} the metals are holding, looking at tech index might need a day more. gotta hold here, unless its a bear trap
[11:47] {cc_8} UPDATE: IMF Says Portugal's Debt Outlook Remains Stable; Says There Are Signs of Adjustment Fatigue in Portugal
[11:47] {cc_8} Microsoft Windows President Sinofsky Speaks at Windows 8 Event; Says Windows 8 is the Best Release of Windows Ever
[11:48] {Les} Nemo, TNA dB?
[11:48] {nemo} looks like it
01[11:50] {Threei}  Les
01[11:50] {Threei}  to make it very simple:
01[11:50] {Threei}  http://goo.gl/CYMbU
[11:50] {nemo} o.k. women and children overboard
[11:51] {dino} spr stop -.20
[11:51] {nemo} iwm .83 WS1 and SPY coming in to strong volume support
[11:52] {nemo} mmmhh,  looks like that was it
[11:53] {Les} ok marked it
[11:53] {Les} damn quick rinse
[11:53] {nemo} financials bottomed just above Monthly pivot
[11:54] {scottie} nfx s 27 ?
01[11:57] {Threei}  worth a try
01[11:57] {Threei}  FB 1:2
[11:57] {scottie} fb +.19 tks Vad
01[11:57] {Threei}  :)
01[11:57] {Threei}  I am covering 1/4
01[11:57] {Threei}  want to try for more with last piece
[11:57] {dino} clgx drop
[11:57] {robbers} out FB, nice call, Vad.
01[11:57] {Threei}  :)
[11:59] {dino} hl l .77 clgx
[12:17] {dino} spr drop
01[12:17] {Threei}  New Best Buy Ceo says 3rd q results will be "significantly" below those of a year ago, revamping operations
[12:18] {dino} cjgx stop -.30
[12:18] {dino} clgx
[12:18] {nemo} mmmmhhh, another drop coming
01[12:19] {Threei}  wow... I am in for a treat... or painful death: http://hvo.wr.usgs.gov/multimedia/
01[12:20] {Threei}  not covering in full at 1:3, just trailing
[12:21] {dino} i'm missing something clgx, bears and raises
[12:22] {dino} beats
[12:22] {Les} I'm guessing you're not gonna get permission to take photos from that distance vad...
01[12:26] {Threei}  probably not
[12:28] {thomcbell} got that nice 15 min hammer on spy with volume around noon Vad
01[12:29] {Threei}  yes
01[12:30] {Threei}  I am not really inclined to switch to longs though
01[12:30] {Threei}  too bad I didn't go for BBY short at .20
[12:34] {dino} spr hl l .10
[12:38] {nemo} spy approaching downtrend line
[12:41] {dino} dtg drop
[12:45] {dino} spr stop is .98, can't figure it out
[12:52] {dino} out spr .20, +.10
[12:56] {dino} dtg drops more
[13:04] {dino} dtg sm l .76 wide
[13:07] {dino} well tht sucked
[13:15] {scottie} kbr l .75 ?
[13:16] {scottie} in .76 stop .69
01[13:22] {Threei}  sorry, fell asleerp
[13:22] {dino} clgx hl l .05 stop lod
01[13:22] {Threei}  this FB can put you in coma
01[13:23] {Threei}  but it works its way through
[13:23] {scottie} np
[13:27] {scottie} half out
[13:28] {scottie} stop .74
[13:33] {nemo} spxu may be in order here
01[13:33] {Threei}  nice scottie
[13:33] {scottie} so far so good
[13:34] {scottie} I know I'm nice
[13:34] {scottie} compared to nemo
[13:34] {nemo} A scorpion is nice compared to me
[13:35] {scottie} out
[13:36] {thomcbell} nov long setup 73.68 break if holding 73.48 half lot
[13:36] {Will49} way to go Scottie
[13:36] {scottie} ty
01[13:38] {Threei}  1:3
[13:40] {thomcbell} if triggers - NOV target is 74.25
[13:40] {thomcbell} vwap roughly
[13:42] {nemo} ahhhh...the old vwap run
[13:42] {nemo} would partial near the whole if it triggers though
[13:43] {nemo} INGR?
01[13:45] {Threei}  repported in the morning
01[13:45] {Threei}  guided higher
01[13:46] {Threei}  need to decide, cover at 1;4 push for 1:5...
[13:46] {nemo} fas 109 level
[13:46] {Les} s1 .62 fb
01[13:48] {Threei}  actually, I have 300 left... will cover 200 and keep 100
01[13:49] {Threei}  1:4 baby
[13:50] {scottie} ccl s .60 ?
01[13:51] {Threei}  I think so
[13:51] {scottie} stop .67 ?
01[13:51] {Threei}  yup
[14:00] {scottie} no
[14:02] {thomcbell} out nov -
[14:02] {thomcbell} doodoo
[14:03] {scottie} ccl still valid Vad ?
01[14:04] {Threei}  IMO, yes
01[14:04] {Threei}  that breakdown looks too good to ignore
[14:05] {scottie} in .59
01[14:06] {Threei}  no support down to .40
01[14:14] {Threei}  FB is a real daymaker
01[14:15] {Threei}  haymaker?
[14:17] {Will49} come on ccl follow the red
01[14:22] {Threei}  nope
[14:22] {scottie} out
[14:22] {Will49} me too:(
[14:24] {nemo} expe gonna' make a vwap run
[14:32] {nemo} pivots are 81.33 iwm and 141.30 spy 65.35 QQQ and XLF 15.88 so...we might not move all that much more
[14:34] {thomcbell} duh nov
01[14:36] {Threei}  Bloomberg � 10-25-12
01[14:36] {Threei}  Ford Motor Co. (F) and Dow Chemical Co. (DOW) joined a growing number of companies firing thousands of workers as sluggish U.S. growth and Europe's deepening recession lead to a persisting slump in sales.
01[14:36] {Threei}  North American companies have announced plans to eliminate 62,600 positions at home and abroad since Sept. 1, the biggest two-month drop since the start of 2010, according to data compiled by Bloomberg. Firings total 158,100 so far this year, more than the 129,000 job cuts in the same period in 2011.
[14:36] {Will49} white house will love that news NOT
01[14:37] {Threei}  "Companies are saying, �Let's not build up inventories, let's be lean and mean until we know until we have a better idea of what 2013 is going to look like,'" said Janna Sampson, who helps manage more than $3 billion for Oakbrook Investments in Lisle, Illinois. "There is a fear now as companies see that the economic recovery is not picking up."
01[14:37] {Threei}  where is ese
[14:37] {Will49} It's all George Bush's fault
01[14:37] {Threei}  no doubt
[14:37] {Will49} :D
[14:38] {Les} yeh Ford has shuttered its last UK factory
01[14:38] {Threei} Short Setup: CAT  .20 break
01[14:39] {Threei}  actually, let's make it .25 break
01[14:39] {Threei}  aggressive, stop above .30
01[14:39] {Threei}  Invalidated
[14:40] {Will49} yikes
[14:41] {Will49} wierd response based on news
01[14:41] {Threei}  the worse the better
[14:41] {thomcbell} this stuff always makes sense though
01[14:42] {Threei}  less economy recovery, more money injections
01[14:42] {Threei}  what will market respond to faster?
[14:42] {Will49} yeah...forgot that
01[14:42] {Threei}  economy recovery = money coming in in years
[14:42] {Will49} there i was being rational again
01[14:42] {Threei}  monetary injection = money coming in NOW
[14:42] {Will49} dope!
[14:43] {Will49} me not you
[14:50] {Les} I've waited 7 mins and I don't see my monetary injenction yet...
01[14:51] {Threei}  you are not the intended recipient
[14:51] {Les} well that's just not cricket
01[14:52] {Threei}  you are one of those who are supposed to fight for each dollar
[14:53] {Les} well you didn't advertise that on your website when I signed up. I want the easy money
[14:55] {nemo} chkp may be a short
[14:56] {Les} RIG sleeping on the break of 47. A fade if it fails Vad?
01[14:57] {Threei}  yes, kind of H&S
01[14:57] {Threei}  it's socialism for the connected, capitalism for hoi polloi
[14:58] {scottie} clgx s .50 ?
01[14:59] {Threei}  hl, can be jumpy
[14:59] {scottie} ok
[15:01] {nemo} clf looking short
[15:02] {nemo} s .48
01[15:02] {Threei}  RIG 1:1
[15:05] {nemo} looking for .26ish first partial
[15:06] {nemo} yep
[15:06] {Les} nice
[15:06] {nemo} stop to .48
[15:10] {nemo} looking at break .40 for stop
[15:11] {dino} gdi spike
[15:12] {nemo} fat finger?
[15:14] {dino} expecting bids 11/5
[15:14] {dino} mlnx hl l .65
01[15:14] {Threei}  Gardner Denver, Inc. Halted: Circuit breaker: Said to have asked Goldman to solicit bids to acquire the company - financial press- Reminder: In mid August an M&A blog speculated that the company had hired an advisor to evaluate letter from a strategic investor -
01[15:16] {Threei}  1:5!
[15:17] {scottie} Great Vad, too bal I left you at 1:2 lol
[15:17] {scottie} bad
01[15:17] {Threei}  alone... again alone... always alone...
[15:18] {scottie} You're always alone at the top
[15:19] {scottie} mth break of 36 ?
01[15:21] {Threei}  tough call
[15:22] {scottie} tks
01[15:24] {Threei}  http://goo.gl/5o6hV
[15:25] {dino} p drop
[15:26] {dino} halt
[15:26] {thomcbell} Pandora (P) shares halted - volatility pause after dropping on headline from AAPL that is Plan Early 2013 Start for Internet Radio Service
01[15:26] {Threei}  P Halted; circuit breaker; Apple planning to begin internet radio service with major music labels in 2013 (related AAPL SNE 6758.JP
[15:30] {nemo} I'm closing it out here off to the woods
[15:30] {Les} enjoy
01[15:30] {Threei}  shoot something already, will ya
[15:30] {Les} leave bambi alone
[15:30] {nemo} little ones taste better
01[15:30] {Threei}  P open
[15:30] {scottie} If it has only two legs, don't shoot
[15:31] {nemo} I"d rather shoot them
[15:31] {Will49} don't eat anything with a face
[15:31] {nemo} I'm a member of PETA
[15:31] {nemo} People Eating Tasty Animals
[15:31] {Will49} lol
[15:32] {scottie} lol
01[15:32] {Threei}  hehe
01[15:33] {Threei}  I thought you were a stylist for those ad campaigns with half-naked girls
01[15:33] {Threei}  wow P
01[15:33] {Threei}  halted again
01[15:34] {Threei}  idiots with those circuit breakers
[15:35] {scottie} Gotta go see you all tomorrow
01[15:35] {Threei}  take care scottie
[15:35] {Will49} cya scottie
[15:35] {scottie} will
01[15:40] {Threei}  P open again and continues relentless slide
01[15:41] {Threei}  will, admin asked you to check what port you are connecting through with mirc
01[15:41] {Threei}  open it, click Tools - Options
01[15:42] {Threei}  in the left column Connect - Options
01[15:42] {Threei}  and look what is in Default Port
[15:43] {Will49} Well, well..I uninstalled mIRC this morning and have downloaded latest version. Will try to get it up and running this afternoon
[15:43] {Will49} Going to use the instruction on your web page
[15:45] {Will49} full report on your desk by morning :)
01[15:45] {Threei}  lol
01[15:45] {Threei}  do you know what you did wrong last time?
[15:46] {Will49} you kidding?
[15:46] {Will49} I can't remember what I had for breakfast
01[15:46] {Threei}  no, thought you found out with cc_8 help
01[15:46] {Threei}  ah
01[15:46] {Threei}  OK, I can relate
[15:46] {Will49} CC took over and changed everything
[15:46] {Will49} I sat back in admiration
01[15:46] {Threei}  not about breakfast though - I keep it the same for the last 15 years specifically for this purpose
[15:47] {thomcbell} come on Vad - look at NOV
[15:47] {Will49} :)
01[15:47] {Threei}  dinner and supper however is fair game
[15:47] {Will49} have great day everyone!
01[15:47] {Threei}  NOV?
01[15:47] {Threei}  what about it?
[15:48] {thomcbell} my setup got stopped and then next one exploded
01[15:49] {Threei}  missed it completely
[15:49] {thomcbell} oh aapl day low
[15:52] {Les} outta here. thx for all the fish vad
01[15:53] {Threei}  thank you all, have a good evening
01[15:53] {Threei}  see you tomorrow
[15:55] {thomcbell} take care all

Oct 24 2012

Decent day despite FOMC and some software problems. Why does shorting FB deliver so much pleasure, I've no idea... but this 1:3 is the most satisfactory trade, not even speaking of nicely profitable.

Session Time: Wed Oct 24 00:00:00 2012
[09:07] {dino} gm
01[09:10] {Threei}  morning dino
[09:12] {cipher} gm
[09:12] {scottie} good morning
01[09:12] {Threei}  cipher, scottie :)
[09:17] {Beau} good morning
01[09:17] {Threei}  beau :)
[09:18] {nemo} so cipher, how many trades so far in FB?
[09:18] {ese} morning
01[09:19] {Threei}  ese :)
[09:19] {nemo} he's so observant
01[09:19] {Threei}  time to check if FB is shortable for you
[09:20] {nemo} very
[09:21] {ese} this is going to be an easy morning ........am still L btu 28.00.....am up .50 on 1200.....we'll see what happens at the open
01[09:22] {Threei}  nice
[09:22] {Will49} Good Morning
[09:22] {ese} ya after rasied earnings guidance i bought the pull back yesterday...dino style
[09:23] {ese} mornin will
[09:23] {Will49} Hi E
01[09:23] {Threei}  will :)
[09:23] {ese} it's raining in my end of town.......I hear it's sunny in your end
01[09:23] {Threei}  will, do you use firewall?
[09:23] {Will49} Yes
01[09:24] {Threei}  oughtta try mirc with firewall off
[09:24] {Will49} Just windy down here
01[09:24] {Threei}  could be the reason
[09:24] {ese} was just kidding
[09:24] {Will49} I'll try that during noon lull...tks Vad
01[09:24] {Threei}  let's eliminate them one by one
01[09:25] {Threei}  French appeal court sends country's biggest rogue trader, Soci�t� G�n�rale's J�r�me Kerviel, to prison; orders him to pay back $7bn
01[09:25] {Threei}  fat chance for that to be repaid
[09:25] {ese} new microsoft tablet "Surface" getting very good reviews from the wall street journal
01[09:25] {Threei}  what about users
[09:26] {ese} it's coming out........so far only reviewers/ technician's etc
[09:27] {dino} gj ese
[09:27] {ese} tks
[09:29] {ese} ego trip for Mark Zuckerberg I see........earnings up
01[09:31] {Threei} Long Setup:  FB  .=24 break sm
01[09:31] {Threei} Long Setup:  FB  .80 break sm
01[09:31] {Threei}  If holds  .65
01[09:31] {Threei}  1:1
01[09:33] {Threei} Long Setup:  FCX  .45 break hl
01[09:33] {Threei}  If holds  .35
01[09:36] {Threei} Long Setup:  FB  .05 break hl
01[09:36] {Threei}  If holds  .90
01[09:36] {Threei}  Invalidated
01[09:37] {Threei}  no go FCX
01[09:37] {Threei}  Gross: On Nov 7th a Romney victory good 4 stocks/bad 4 bonds. Obama vice versa.
01[09:37] {Threei}  I think he is very wrong about stocks
[09:39] {ese} out btu .54 +.54
[09:39] {Will49} nice
01[09:40] {Threei} Long Setup:  LVS  45 break
01[09:40] {Threei}  If holds  .90
[09:40] {ese} tks...........great work if you can find it
01[09:40] {Threei}  target 1:2
[09:41] {ese} take a look at what i missed though it was up .90 then shot down instantly to .50....ticked me off
[09:41] {ese} couldn't pull the trigger fast enough
01[09:42] {Threei}  SPY is still weak
[09:42] {ese} and getting weaker
[09:43] {dino} 07 red
[09:43] {nemo} watch .75 level for mnst short
[09:44] {cipher} CAT L .23
[09:46] {ese} anyone seen this article in MSNMONEY.....I went Whoa:DDCOHHOGNFLX  US may soon become world's top oil producer October 23, 2012 4:10 PM ET
[09:46] {dino} six hl l .05
01[09:47] {Threei}  I've no doubt it'll happen if Romney wins
[09:47] {cipher} stopped cat .13 -.10
[09:47] {dino} wow six
[09:47] {nemo} mnst hit yesterday's close at .73 and dropped looking for retest and short at failure
[09:47] {dino} out .25, +1.25
[09:47] {dino} opps 1.20
[09:48] {dino} six that was
[09:48] {scottie} wow gj dino
[09:48] {dino} report looks decent, earnings way up rev slight miss
01[09:48] {Threei} Long Setup:  FCX  .10 break
01[09:48] {Threei}  If holds  39
[09:49] {nemo} damn didn't get retest
[09:49] {dino} sm l .15 six
[09:49] {nemo} o.k. looking for bounce ast IWM get's somewhere between .15-.25 and spy somewhere between .45-.55
[09:50] {ese} interesting.........things just jumpin.......toping tails/bottoming tails on the spyders
[09:50] {ese} doesn't know if it's comin or going
[09:50] {cipher} cat l .12
01[09:53] {Threei}  #Ohio: #Obama 48%, #Romney 48%
[09:53] {cipher} stopped cat .00 -.12
[09:54] {dino} out six .99, -.16
[09:54] {dino} six = pulp
[09:55] {cipher} six l .29
01[09:55] {Threei}  FCX looks ready for blastoff
01[09:55] {Threei}  1:2 or more
[09:55] {ese} yup
[09:55] {cipher} tna l .67
[09:55] {dino} six sm l .40
[09:56] {cipher} cat l .08
01[09:57] {Threei}  .15 break should seal the deal
[09:58] {ese} how big a position cipher with cat
01[09:58] {Threei}  1:1
[09:58] {dino} six stop -.30
[09:59] {dino} damn
[10:00] {dino} re-load six sm l .10
[10:01] {dino} out six .65, +.55
[10:01] {ese} wow.....smokes there dino.........nice one
[10:02] {dino} pulp
[10:02] {ese} didn't have the nerve to follow you
[10:02] {dino} lay out on it
01[10:02] {Threei}  scalpers win
[10:03] {cipher} out cat .13 +.05
[10:03] {ese} six still goin
01[10:03] {Threei} Long Setup:  FB  .80 break hl
01[10:04] {Threei}  If holds  .70
01[10:04] {Threei}  Invalidated
[10:05] {dino} six sm l .54
01[10:05] {Threei}  National Daily Tracking: #Romney: 50%, #Obama: 46%
[10:06] {dino} 07 red again
[10:06] {nemo} I'll feel bad for Obama...he'll have to go home to his wife if he loses
[10:06] {dino} out six .97, +.45
01[10:06] {Threei}  wtg
[10:07] {ese} smokin
[10:07] {ese} ya.......wait a minute........what are you smokin dino.........you do this everyday......I wouldn't mind some of that
[10:08] {Will49} you gunslinger dino:)
[10:08] {cipher} SIX going higher imo
[10:09] {Will49} when I grow up I want to be just like you dino
01[10:09] {Threei}  how much more pathetic does it get:
01[10:09] {Threei}  I don't want to lose this election.
01[10:09] {Threei}  Not because of what losing would mean for me -- Michelle and I will be fine no matter what happens.
01[10:09] {Threei}  But because of what it would mean for our country and middle-class families.
[10:09] {Will49} puuuukkkkeeeee
01[10:09] {Threei}  "I am carrying this burden for you"
01[10:09] {Threei} Long Setup:  GLD  .30 break
01[10:10] {Threei}  If holds  .20
[10:10] {ese} lol
[10:10] {cipher} tna l .10
[10:10] {ese} gotta love it.............
01[10:11] {Threei}  continue with these ridiculous romnesia and buyonets, you won't win any single state but California and NY
01[10:12] {Threei}  very small of a guy who got elected on hope and change
[10:12] {ese} it's a different world out there..........no moral standards...no accountability..........
[10:12] {Will49} what a joke
01[10:13] {Threei}  whole campaign is built on attempts to ridicule the contender
[10:13] {ese} just leaves you feeling positive about the planet don't you think
[10:13] {cipher} scalin out of six .21
01[10:13] {Threei}  well... to paraphrase obama, planet will be fine no matter what {G}
01[10:13] {Threei}  it doesn't need us really
[10:14] {cipher} six +.92
01[10:14] {Threei}  wtg
[10:14] {ese} oh.....and by the way.........you all better be making earthquake predictions and get it right or your gonna get charged and chucked in jail
[10:14] {cipher} out last piece of six .52 +1.23
[10:15] {dino} cipher gj
[10:15] {cipher} ty
[10:15] {cipher} thx for heads up on it
01[10:15] {Threei}  yeah, Italy set new standard
[10:15] {ese} whoa....C baby!!!!!
[10:15] {dino} ese and will, just lucky gyus
01[10:15] {Threei}  but when do we get to weathermen?
[10:15] {ese} lol
01[10:16] {Threei}  GLD 1:1
[10:16] {ese} L btu .30
[10:17] {cipher} out tna in full .50 +.40
01[10:17] {Threei}  1:2, out
[10:17] {dino} gj
[10:17] {cipher} thx nemo for heads up
01[10:17] {Threei}  breathing easier
[10:17] {scottie} +.19 tks Vad
01[10:17] {Threei}  :)
[10:18] {Will49} Tks vad .15
[10:18] {cipher} done for the day
[10:18] {cipher} cya tom
[10:18] {cipher} thx for ideas!
01[10:18] {Threei}  lol
01[10:18] {Threei}  take care cipher
[10:19] {dino} cya cipher
[10:21] {dino} eat blood
01[10:23] {Threei}  talking to vampire dino?
[10:23] {dino} symbol
01[10:24] {Threei}  I know :)
[10:24] {dino} eat sm l .85
[10:24] {dino} stop is .65
[10:25] {dino} stop
[10:25] {dino} gap around 28.30
[10:31] {dino} damn, missed eat, gut had it going to high 28s
01[10:33] {Threei}  watching SLW for puillback entry
01[10:37] {Threei}  never gave anything worthy
01[10:38] {Threei}  is it me or quotes are flaky a bit?
[10:38] {goryl} flaky
[10:38] {Will49} yes, charts level 2 out of sinc
[10:38] {Will49} spy
[10:38] {Will49} oops sorry
[10:39] {scottie} Am I the only one having problems with data on Laser this morning^
[10:39] {Will49} me too scottie
[10:39] {scottie} I keep changing servers to get charts and quotes updated correctly
[10:40] {ese} am outta here cya tomorrow
[10:40] {Will49} take it easy ese
[10:40] {ese} tks will
01[10:40] {Threei}  take care ese
01[10:40] {Threei}  same here scottie
01[10:41] {Threei}  at the moment, quotes=2 and charts=3 works
[10:45] {Will49} does changing servers solve the problem
01[10:46] {Threei}  for a while
[10:47] {Will49} for a guy who can't get mIRC going, the last thing I'd try is to change servers:)
01[10:47] {Threei}  lol, it's one click operation
[10:48] {Will49} how?
01[10:48] {Threei}  Quote - Swtich Quote server
[10:49] {Will49} yes, got it
01[10:50] {Threei}  let's wait out until they stabilize things
01[10:50] {Threei}  last thing we want is to open position and get stuck
[10:55] {cc_8} laser is having some issues
[10:55] {cc_8} cant close positions
01[11:00] {Threei}  let us know pls when it's safe to trade again
[11:00] {thomcbell} long setup AIG - 35 break if holding 34.96
01[11:01] {Threei}  will... try that firewall meanwhile?:)
[11:01] {Will49} ok
01[11:01] {Threei}  looks nice tbell
[11:03] {will49} Ok..let's see if firewall was problem
[11:05] {nemo} fcx
[11:08] {thomcbell} aig invalidated....obviously
01[11:08] {Threei}  yup
[11:10] {thomcbell} FB appears will resolve to the pside at some point today
[11:10] {thomcbell} upside
01[11:11] {Threei}  cc_8, any word?
[11:14] {will49} Guess not!
01[11:16] {Threei}  apparently not, will
[11:16] {cc_8} seems like laser stuff is being resolved
[11:16] {cc_8} are u able to log in and close positions will?
[11:20] {scottie} quotes and charts servers still unstable here, CC
[11:23] {Will49} back on Mibbit
[11:24] {Will49} maybe it's Les who's screwing up my chat room settings
[11:24] {Will49} :D
[11:25] {dino} lol
[11:25] {Will49} Vad..are you on shaw cable?
01[11:25] {Threei}  yes
[11:26] {Will49} OK, thought maybe their built-in protection might be suspect
01[11:26] {Threei}  hmmm... they have it?
01[11:26] {Threei}  never looked into that :)
[11:27] {cc_8} oh u meant irc settings not laser
[11:27] {Will49} right
[11:28] {Will49} cc...the mIRC forum suggests that ping issue affects a lot of users but they offer no solutions
01[11:29] {Threei}  will, is it something enabled by default, or you turn it on or off on a client side?
[11:29] {Will49} enabled by default (i think)
[11:30] {Will49} I'll call them later about it
[11:30] {Will49} just like learning to trade, I'll get onto mIRC if it kills me:)
01[11:30] {Threei}  lol
01[11:31] {Threei}  and, what doesn't kill us better start running
[11:31] {Will49} amen
[11:31] {Will49} right nemo?
[11:31] {dino} iaci sm l .74
[11:32] {dino} out iaci .34, +.60
[11:32] {dino} wow a buck too soon
01[11:32] {Threei}  Swing State Tracking: #Romney 50%, #Obama 45%
[11:34] {dino} make that 2 bucks too soon
[11:34] {dino} wow 3 bucks
[11:34] {Will49} what a spread
[11:34] {thomcbell} FB so much for prior theory
[11:38] {scottie} Any news on when it will be back to normal CC
[11:39] {dino} iaci sm l .85
[11:40] {dino} out .25, +.40
[11:44] {dino} sm l .75
[11:45] {dino} out .30,
[11:45] {dino} +.55
[11:46] {dino} asps spike
[11:48] {dino} wow asps
[11:53] {dino} nsm drop
01[11:54] {Threei} Long Setup:  FCX  .20 break
[11:54] {dino} asps crazy
[11:55] {dino} nsm sm l .00
[11:56] {dino} out nsm .34, +.34
01[11:56] {Threei}  wtg
[11:56] {dino} wow way too soon
[11:56] {nemo} l tna here worth a try
[11:56] {dino} stocks are pulp(ing) today
01[11:57] {Threei}  SPY .40 break should give some upward move
01[11:57] {Threei}  we are nearing FOMC time though
[11:57] {nemo} I'm hearing "This is the End" by the Doors
01[11:57] {Threei}  Les, welcome back
[11:57] {Les} like a bad smell...
01[11:58] {Threei}  and no, this is not a quip to nemo's "This is the End"
[11:58] {Les} screw nemo
01[11:58] {Threei}  brave entry
01[11:58] {Threei}  bunny just raised left brow
[11:59] {Les} that relationship is just plain unatural
[11:59] {dino} welcome back les
[11:59] {Les} hi dino
01[12:00] {Threei}  careful Les, that's one scaru bunny: http://goo.gl/XNbGk
[12:01] {Les} like nemo, all bark and no bite
[12:02] {Les} how was morning trades?
01[12:03] {Threei}  back and forth
[12:03] {nemo} Yeah, get within arm's reach
01[12:04] {Threei}  summary of Greece Austerity plan with Troika according to ANA in which it saw �9.2B in cuts for 2013. The Govt would cut 25,000 civil employees and raise the retirement age to 67 from 65. Greece would also reduce pensions by up to 12% and would tax all opap games.
[12:04] {Les} no thanks
[12:05] {dino} awesome les, best morning of the month
01[12:06] {Threei}  yeah, dino and cipher killed it
01[12:06] {Threei}  quotes look stable
[12:06] {Les} will check the log
[12:07] {Les} I notice cipher particularly attuned to TNA and AAPL in recent trading
01[12:07] {Threei}  he is like indiscriminate freshman that will copulate with anything that moves
01[12:08] {Threei}  I for one don't see why restrain myself that strictly
[12:08] {Will49} lol
[12:09] {dino} roflol
[12:09] {robbers} LOL!
[12:09] {Les} lol
[12:09] {dino} have to say, cipher can day trade
[12:09] {robbers} Why not, even inanimate objects.
01[12:11] {Threei} Long Setup:  SLW  .80 break
01[12:11] {Threei}  If holds  .10
01[12:11] {Threei}  .70
[12:13] {scottie} Still have problems with data, won t enter any trades at the moment
[12:13] {Will49} me too
[12:14] {Will49} Laser has me locked out of trades
01[12:14] {Threei}  looks OK here for the last 15 min or so
[12:14] {scottie} I keep changing servers every few minutes
[12:15] {Will49} think I'll watch
01[12:23] {Threei}  not much to watch really
[12:26] {dino}  back in hour or so
[12:32] {Beau} FCX still valid?
01[12:32] {Threei}  let's do hl
01[12:33] {Threei}  chart is right, time and proximity to fomc is not very encouraging
01[12:33] {Threei}  so, compromise
[12:35] {thomcbell} what is hl?
01[12:36] {Threei}  half lot
[12:36] {thomcbell} ah!
[12:44] {Les} .20/.10 was the setup?
01[12:44] {Threei}  right
01[12:50] {Threei}  come on, even 10 cents is too much to ask?
01[12:51] {Threei}  maybe we should have gone for thriple lot and 5 cents scalp, lol
01[12:52] {Threei}  or 8
01[12:52] {Threei}  you know what... I am out .28
01[12:52] {Threei}  too shaky
01[12:53] {Threei}  nemo might be right about that Dec 22 thingy, and I might be going right into lion's mouth... Kilauea went active, with lava flowing and earth shsking
[12:55] {nemo} we'll throw you in as a sacrifice
01[12:55] {Threei}  Pele will appreciate it
[12:56] {nemo} thought he played Soccer ;-)
01[12:56] {Threei}  sigh... mortals and their sports...
01[12:57] {Threei}  anyone took FCX?
[12:57] {Les} mind you, don't count on a volcanologist to give you a heads up before it erupts. Might land them in court.
01[12:57] {Threei}  right
01[12:58] {Threei}  still, Chain of Craters road is a highlight I looking forward to the most
01[12:59] {Threei}  striking memory of last trip, and lava flow of 2004 changed some things
[12:59] {Beau} took it. bailed at .26 for .05
01[12:59] {Threei}  yeah, can't blame you
[12:59] {Will49} just watched it like a good newbie
01[12:59] {Threei}  1:1
[12:59] {Beau} and the lava flow is something to see. At night, fantastic
01[13:00] {Threei}  unfortunately night viewing won't be in the cards I think
01[13:00] {Threei}  staying on Kona side, and don't wqant to remain overnight in volcano zone
01[13:01] {Threei}  but night snorkeling with manta rays should be consoling enough
[13:02] {Beau} could be if you avoid their spikes
01[13:03] {Threei}  and if not, nemo will run the show {G}
[13:03] {Beau} mixed up with sting rays
[13:15] {nemo} I think I'll be away killing things that week
01[13:19] {Threei}  looking at SLW... see inverted C&H from 11:50 to 12:43?
01[13:20] {Threei}  should have bought .65 as fade
01[13:20] {Threei}  missed opportunity
01[13:21] {Threei}  "surprise" video by Trump: http://www.youtube.com/watch?v=MgOq9pBkY0I&feature=youtu.be&hd=1
[13:23] {Les} god vad, r we suppose to listen to that...?
01[13:24] {Threei}  turn sound off
01[13:24] {Threei}  and try to read lips
[13:24] {Les} hehehe that birth certificate crap ain't finished?
01[13:24] {Threei}  that's not birth ceificate
[13:25] {thomcbell} aig trying again
[13:25] {thomcbell} setup arguably better
[13:25] {thomcbell} not doing it
[13:26] {Les} college record?
[13:26] {scottie} Watching BMY for C&H
[13:26] {Les} is he suspected KGB mole?
01[13:26] {Threei}  yes
[13:27] {scottie} Vad would you enter at .00 or .05
01[13:28] {Threei}  .00 but with SPY showing some ehtusiasm
[13:31] {scottie} Laser frozen again
[13:31] {Will49} yes
01[13:36] {Threei}  hmm
01[13:36] {Threei}  looks OK here
[13:36] {Will49} it'sa a coma da go here
[13:42] {scottie} working again, but very unstable, I still need to change quote servers from times to times, don{t wanna take any chances, will stop trading for the rest of the day
[13:42] {Les} what news FB for this liftoff?
01[13:43] {Threei}  beat earnings
[13:59] {dino} .
01[14:00] {Threei} Short Setup: FB  .50 break
01[14:00] {Threei}  If holds  .60
[14:00] {nemo} right before FOMC?
01[14:01] {Threei}  I recon it won't trigger if market reacts positively, and will work if negatively
[14:01] {dino} nsm hl l .10
01[14:01] {Threei}  reckon too
01[14:02] {Threei}  wow FCX
[14:03] {dino} ocn spike
[14:06] {dino} out nsm 30.19, +1.09
01[14:06] {Threei}  wtg
[14:06] {Will49} just to be clear...do we go s FB before announcement?
[14:06] {dino} ocn won bid over nsm for rescap
01[14:06] {Threei}  kind of depends on degree of adventurousness
01[14:07] {Threei}  small shares?
[14:07] {Will49} oh..thanks a lot:/
[14:07] {Will49} kidding Vad
[14:07] {dino} ocn hl s .97
[14:08] {dino} too soon cov .11 -.14
[14:09] {scottie} bmy would have worked :(
[14:09] {dino} ocn hl s .40
[14:10] {dino} cov ocn .00, +.40
01[14:15] {Threei}  what up market
01[14:16] {Threei}  *FOMC HOLDS FED FUNDS RATE TARGET AT 0.25% (AS EXPECTED): CONTINUE TO PURCHASE MBS AT $40/MONTH UNTIL LABOR MARKET IMPROVES SUBSTANTIALLY- Vote 11-1 (Jeffrey M. Lacker dissents; opposing additional asset purchases) - Reiterates expectation for rates to remain exceptionally low until at least 2015
01[14:17] {Threei}  nice drop
01[14:17] {Threei}  FB better follow
[14:19] {nemo} look at this shit
[14:20] {Les} wash wash wash
[14:22] {dino} nsm hl l .00
[14:23] {dino} out nsm .28, +.28
[14:23] {scottie} Doc appointment, see you all tomorrow
[14:24] {dino} cya
[14:24] {scottie} dino
[14:24] {nemo} guess that depends on what the doctor has to say
[14:24] {Will49} see ya scottie
[14:24] {nemo} nemo{=asshole
[14:24] {scottie} and how long he gives me, lol
01[14:24] {Threei}  take care scottie
[14:24] {scottie} will
[14:24] {scottie} Vad
[14:24] {Will49} don't say goodby to nemo
[14:25] {scottie} Of course not
06[14:28] * nemo takes out his Scottie voodoo doll
06[14:30] * Threei hits FB over the head with 2x4 encrusted with rusty nails and sprinkled with ricin borrowed from nemo
[14:30] {nemo} consider it a gift
01[14:30] {Threei}  ty
[14:30] {nemo} np
[14:31] {nemo} better you to have it in your possession when the cops come
01[14:31] {Threei}  as long as wife doesn't find it - temptation may prove too strong
01[14:32] {Threei}  1:1
[14:32] {nemo} to kill you, or herself to get away from you
[14:34] {dino} iaci hl l .00
01[14:37] {Threei}  1:2
[14:37] {Les} sweet
01[14:37] {Threei}  1:3, over and out
[14:38] {Will49} you had faith Vad
01[14:38] {Threei}  I knew one day I would profit from facebook... if not by using it, then by trading it
01[14:38] {Threei}  not relly, just played it by the book without much thinking
01[14:39] {Threei}  kind of let it do its thing and let chips fall as they may
[14:47] {dino} 07 red
[14:52] {nemo} mnst two way
[14:52] {nemo} break above .60 or below .50
01[14:57] {Threei}  wow, FB had more in it
[15:00] {Les} BB's 15 min indicating it was likely so
[15:00] {Les} still, beautiful waterfall earlier
01[15:00] {Threei}  "cascade"
06[15:00] * Threei slants at nemo
[15:01] {dino} iaci stop -.30
[15:02] {Les} whatever
[15:06] {Les} TNA nemo?
01[15:09] {Threei}  can I have my FB back??
01[15:09] {Threei} Short Setup: FCX  .05 break
01[15:09] {Threei}  If holds  .10
01[15:10] {Threei}  aggressive for 39
[15:12] {dino} iaci hl l .30
[15:13] {dino} stop is .14
[15:15] {dino} nsm hl l .75
01[15:16] {Threei}  ok FCX, let's cascade
[15:17] {dino} out iaci .55, +.25
[15:18] {Beau} nice
01[15:18] {Threei}  half out
[15:18] {dino} ty beau
01[15:18] {Threei}  not bad for such measly risk
[15:20] {Les} fib support .92
[15:20] {dino} out nsm .99, +.24
01[15:21] {Threei}  top to .01
[15:21] {Beau} buys a cup of coffee and maybe a donut, dino?
01[15:21] {Threei}  top = stop
[15:26] {dino} lol beau, at hl a bit more than that
[15:27] {dino} crr drop
[15:27] {Beau} ok, two donuts.
[15:27] {dino} in ne pa, a few dozen
[15:28] {Beau} lucky you
[15:29] {Les} vad, u using laser or fusion?
01[15:29] {Threei}  laser
[15:30] {Les} charles asking me
01[15:38] {Threei}  he is asking you what I use?
01[15:38] {Threei}  one of three of us needs to get sober...
[15:38] {Les} nah offering me a choice
[15:39] {Les} will try new platform
01[15:39] {Threei}  make him guess
[15:39] {Les} fusion
01[15:39] {Threei}  don't make it easy for him
[15:42] {Les} fcx at 2nd target. took a quarter at .88 on positive histogram crossover
01[15:42] {Threei} Short Setup: GLD  165 break
01[15:42] {Threei}  hl
01[15:42] {Threei}  If holds  .10
01[15:46] {Threei}  1:1
01[15:57] {Threei}  OK, not quite 1:2 but time is tunning out
01[15:57] {Threei}  out .87
[15:57] {Will49} tks Vad....interesting day:)
01[15:57] {Threei}  decent day after all
01[15:57] {Threei}  thank you all, have a good evening
01[15:57] {Threei}  see you tomorrow
[15:57] {Les} cheers much enjoyed
01[15:57] {Threei}  :)
[15:59] {dino} thx all for ideas. very good day. gn

Oct 23 2012

Very nice day with winner after winner after winner, of all sizes and colors. Couple small stops couldn't make a dent.

Session Time: Tue Oct 23 00:00:00 2012

01[08:58] {Threei}  guys, are charts OK for you?

[08:58] {goryl} yes

01[08:59] {Threei}  something on my end then

[08:59] {goryl} i'm on chart server 4

01[08:59] {Threei}  and quote?

[08:59] {goryl} 16

01[08:59] {Threei}  ty

[09:02] {dino} gm

01[09:03] {Threei}  dino :)

[09:04] {cipher} gm

01[09:04] {Threei}  cipher :)

[09:12] {scottie} good morning

01[09:12] {Threei}  scottie :)

[09:20] {Beau} good morning

[09:21] {ese} morning......am able to make it today

01[09:22] {Threei}  beau, ese :)

[09:23] {will49} gm

01[09:23] {Threei}  will :)

[09:27] {ese} got a chance to log on yesterday at about 11:30 and went long BTU at 28.31 and sold it just before mrkt closr at 28.98 

01[09:27] {Threei}  cool

[09:28] {ese} ya worked out perfect......1/2 the kids in the school went down to that demonstration at the legislative bldgs re the Enbridge pipeline so I had some free class time

01[09:28] {Threei}  do they understand all the implications, aside of standard talking p;oints?

01[09:28] {Threei}  never mind, I think I know the answer

01[09:29] {Threei}  want to skip first minutes today

01[09:29] {Threei}  too random

01[09:29] {Threei}  waiting for the most compelling setups

[09:29] {ese} I got the impression some did........most of the concerns for the kids are environmental

[09:29] {_1zach4} I find the first few minutes to be severely lacking in liquidity over the last 12 months

[09:29] {ese} they are very savy that way

01[09:30] {Threei}  well, if they did, they'd realize that in absence of pipeline we will have railroad delivery which they can't block (it's federal land) and which has miuch worse environmental record

[09:33] {ese} indeed.......i used to be aa engineer/brakeman for the CPR

[09:33] {ese} it put me through college

01[09:34] {Threei} Short Setup: FCX  .50 break

01[09:34] {Threei}  hl

01[09:34] {Threei}  If holds  .60 

01[09:34] {Threei}  1:1

[09:35] {robbers} out, thanks.

01[09:36] {Threei}  :)

01[09:36] {Threei} Long Setup:  SLW  .60 break

01[09:36] {Threei}  change to .55

[09:36] {dino} cnc spike

01[09:36] {Threei}  If holds  .50 

01[09:37] {Threei}  Invalidated  

01[09:37] {Threei}  FCX 1:2, out

[09:38] {scottie} got out fcx .40 tks

01[09:39] {Threei}  yw

[09:39] {dino} gj

[09:41] {ese} L btu .95

[09:41] {ese} 3/4

[09:41] {cipher} TNA L .48

[09:42] {cipher} aapl l.98

[09:42] {cipher} out 1/2 tna .68 +.20

01[09:43] {Threei} Long Setup:  LVS  .20 break

01[09:43] {Threei}  If holds  .10 

[09:43] {cipher} out 1/2 aapl +.95

[09:44] {dino} gj

[09:45] {cipher} out tna .75 +.27

01[09:45] {Threei}  wtg

01[09:45] {Threei} Short Setup: FCX  .20 break

[09:45] {cipher} ty

01[09:45] {Threei}  If holds  .30 

[09:46] {dino} brli drop

[09:46] {nemo} 38.90 is 50 day, so it's gonna' run into support near the figure

[09:46] {ese} nice one C

01[09:46] {Threei}  trail LVS to .14

[09:47] {dino} sm l .52 brli

01[09:47] {Threei}  Invalidated  FCX 

[09:47] {cipher} out rest aapl 628 +2.02

[09:47] {ese} L btu avg .01

[09:47] {dino} nice cipher

[09:48] {robbers} wtg, cipher.

[09:48] {ese} stop .94

[09:48] {cipher} tna reload .60

01[09:48] {Threei}  1:1

[09:48] {cipher} out 1/2 .80

01[09:49] {Threei} Short Setup: MOS  .20 break hl

01[09:50] {Threei}  LVS 1:2, out

[09:50] {scottie} lvs +.22 tks

[09:50] {cipher} out rest tna .89 +.29

[09:50] {thomcbell} molto bene - Vad

01[09:50] {Threei}  :)

[09:50] {dino} out brli .95, +.33

[09:50] {dino} opps, +.43 brli

01[09:50] {Threei}  MOS stop .26

01[09:50] {Threei}  nice catch dino

[09:51] {will49} tks vad LVS 1:2

01[09:51] {Threei}  :)

[09:51] {dino} ty

[09:53] {dino} veco spike? what am i missing?

[09:53] {nemo} OMFG, I mistakenly went short AAPL and made money

[09:53] {dino} hl s .47

[09:53] {nemo} I think I'm done for the day

01[09:53] {Threei}  lol

01[09:54] {Threei}  I see no news dino

[09:54] {dino} cov veco .17, +.30

[09:54] {cipher} wtg nemo

[09:54] {dino} big miss 3i

[09:54] {nemo} not the way I like to do it...I look up, I'm short 600 shares...wtf

01[09:54] {Threei} Long Setup:  BP  .70 break

01[09:55] {Threei}  If holds  .65 

[09:55] {dino} lol nemo, on aapl thats a bitch

[09:55] {ese} btu to break even .00

01[09:55] {Threei}  I mean nothing today

01[09:56] {Threei}  after yesterday's earnings

[09:57] {nemo} yeah dino...I don't think I'll have to go to the bathroom for a couple of days

01[09:57] {Threei}  change BP to .65 break

[09:57] {dino} lol

01[09:57] {Threei}  lol

01[09:57] {Threei}  and TMI

[09:57] {nemo} going to see if I have a crowbar around

[09:57] {cipher} aapl l .88

01[09:58] {Threei}  If holds  .60  of course

01[09:59] {Threei}  die already MOS

[09:59] {cipher} out aapl .24 +.36

01[09:59] {Threei}  *(US) OCT RICHMOND FED MANUFACTURING INDEX: -7 V +5E

[09:59] {nemo} God Bless ya

[10:00] {cipher} aapl l .74

01[10:00] {Threei}  Shipments -9 v 9 prior - Volume of new orders: -6 v 7 prior - Order backlog -3 v -9 prior - Number of employees: -5 v -5 prior - Wages 10 v 6 prior

[10:01] {ese} spyders didn't move

[10:01] {nemo} no, they didn't

01[10:01] {Threei}  no surprise

01[10:01] {Threei}  everyone knows there is no economy recovery to speak of

[10:01] {cipher} out 1/2 aapl .50 +.76

01[10:02] {Threei}  market movin forces are different right now

01[10:02] {Threei}  EU, election

01[10:02] {Threei}  market retreat starts accounting, at least partially, for possible Romney victory

[10:03] {cipher} out aapl in full .41 +.67

01[10:03] {Threei}  no go MOS

[10:04] {dino} kra l ave .06

01[10:05] {Threei}  National Daily Tracking: #Romney: 50%, #Obama: 46%

[10:09] {cipher} aapl l .71

01[10:09] {Threei} Short Setup: RIG  .85 break

01[10:10] {Threei}  Swing State Tracking: #Romney 50%, #Obama 45%

01[10:10] {Threei}  RIG stop .93

01[10:11] {Threei}  I don't think yesterday's debate will change anything in the trend, may only add to Romney

[10:12] {thomcbell} romney i thought did very well last night - especially if u ignore Obama's pandering style points

01[10:13] {Threei}  I thought so too... instead of attacking, he simply presented himself as viable commander-in-chief, aleviating fars that hne could be a war-mongerer

01[10:13] {Threei}  fears

01[10:13] {Threei}  stop to .91

[10:14] {dino} agree, romney won imo, obama just attacks

[10:14] {nemo} right wingers thinking obama lost is probably not a good measure

[10:14] {will49} thru the eye of beholder

[10:14] {cipher} out 1/2 aapl 628.08

[10:15] {dino} hcii drop

[10:15] {dino} hl l .73

01[10:15] {Threei}  actually they don't nemo

[10:15] {dino} he's referring to me

01[10:16] {Threei}  half out RIG

01[10:16] {Threei}  stop to .86

01[10:16] {Threei}  lol

[10:16] {nemo} we're likely to test 140, then 140.40 nest support

[10:17] {cipher} out aapl in full 628.90 +2.19

01[10:17] {Threei}  A little-known section in the Obamacare health reform law defines �full-time� work as averaging only 30 hours per week, a definition that will affect some employers who utilize part-time workers to trim the cost of complying with the Obamacare rule that says businesses with 50 or more workers must provide health insurance or pay a fine.

[10:17] {will49} paydirt

[10:18] {will49} cypher

01[10:18] {Threei}  1/4 more out RIG

01[10:18] {Threei}  stop to .81

[10:18] {robbers} out rig, thanks again.

01[10:18] {Threei}  :)

[10:18] {dino} cipher in the zone!

[10:19] {nemo} dd looks short

[10:20] {cipher} hcii l .56

[10:20] {Beau} slipped by but BP stopped

[10:20] {scottie} +.10 rig tks

[10:20] {dino} nice entry cipher, i jumped the gun on it

[10:21] {cipher} scaling out hcii .83

01[10:21] {Threei}  yw

01[10:23] {Threei}  Six scientists in Italy convicted of manslaughter for failure to predict earthquake

01[10:23] {Threei}  let's talk about those weathermen now

[10:24] {nemo} coh up against vwap

[10:24] {cipher} out hcii in full .97 +.41

[10:24] {will49} RIG 1:2 tks Vad

01[10:24] {Threei}  :)

[10:24] {robbers} nice will, wtg.

[10:24] {cipher} thx dino hcii

[10:24] {dino} np, gj

[10:25] {will49} tks robbers

01[10:25] {Threei}  1:3, out

[10:25] {will49} should woulda coulda eh?

[10:26] {robbers} Vad bragging again, lol.

[10:26] {robbers} nice trade.

01[10:26] {Threei}  formally, it's even more than that since initial stop was .92... but I wouldn't start cvovering till 10 cents so whatever

01[10:26] {Threei}  I am showing off, robbers... like that violinist, you know

[10:26] {will49} my pair are gradually growing :)

01[10:27] {Threei}  lol

01[10:27] {Threei}  hey, you have mirc now, big boy pants

01[10:27] {Threei}  wow, 1:4

[10:27] {will49} Hey Vad, mIRC is great. Why didn't you tell me about this sooner :)

01[10:27] {Threei}  rofl

01[10:28] {Threei}  I am still not sure about those ping timeouts of yours

[10:28] {will49} going to download latest version this afternoon

[10:28] {will49} CC thinks ping problem will be solved

01[10:28] {Threei}  won't hurt

01[10:29] {Threei}  mirc preserves settings, so you don't risk anything

[10:29] {cipher} vat l .40

[10:29] {cipher} cat

[10:29] {dino} out hcii .08, +.36

[10:30] {cipher} cat stopped .30 -.10

[10:31] {dino} will, downloaded it last night, piece f cake

[10:31] {dino} of

[10:31] {dino} for dji -230, my watch list is holding well

[10:34] {cipher} aapl l .23

[10:35] {cipher} kra l.94

[10:37] {scottie} ko l .70 ?

01[10:37] {Threei}  not sure

[10:37] {scottie} ok

[10:39] {cipher} tna l .98

[10:40] {will49} Vad, when I get a mIRC disconnect, do you guys see it?

01[10:40] {Threei}  yes

01[10:41] {Threei}  10:36] * will49 Quit (Ping timeout: 121 seconds)

[10:41] {will49} ok

[10:46] {cipher} out 1/2 aapl .23 +.1

[10:46] {cipher} +1.00

[10:47] {cipher} out appl in full .47 +1.24

01[10:48] {Threei}  someone stop him

[10:49] {will49} what a pain

[10:49] {will49} not you nemo

[10:51] {cipher} scaling out of tna .18 +.22

[10:52] {cipher} another 1/4 tna .24 +.26

[10:53] {cipher} tna stopped on rest .10 +.12

01[10:53] {Threei} Long Setup:  CAT  .20 break

01[10:54] {Threei}  If holds  .10 

[10:56] {cipher} tna l.15

[10:59] {cipher} in cat .16

[11:01] {cipher} out 1/2 tna .35 +.15

01[11:02] {Threei}  1:1

01[11:02] {Threei}  nailbiter

01[11:02] {Threei}  held by fingertips

01[11:02] {Threei}  but worked eventually

[11:03] {cipher} out 1/4 tna .41 +.26

[11:06] {cipher} out rest tna .22

[11:06] {robbers} cipher has an ATM machine today, congrats!

[11:06] {cipher} ty

[11:16] {nemo} coh looking iffy

[11:18] {nemo} mon might be long to a vwap run

[11:20] {dino} ddd drop

[11:22] {cipher} DDD L .81

[11:25] {cipher} scaling out ddd .05

[11:25] {nemo} mon looks short below .60, potentially long above .70...do whatever cipher does

[11:25] {scottie} trox l .30 ?

01[11:29] {Threei}  dmaaaal shares

01[11:29] {Threei}  d=s

01[11:29] {Threei}  can be jumpy

[11:34] {cipher} out ddd in full .10 +.29 thx dino

[11:34] {dino} gj

[11:34] {will49} cipher you're gonna need an armed guard with you today

01[11:36] {Threei}  luckily, we provide just that service

01[11:36] {Threei}  for a very small administrative fee

[11:36] {cipher} lol

[11:37] {nemo} MON

[11:38] {nemo} wtf...WHR

[11:39] {cipher} mon s .48

[11:39] {nemo} jpm and gs weak as hell.  Mon clear to .oo

[11:40] {dino} hstm hl l .01

[11:40] {nemo} gs clear to 116.40

[11:44] {cipher} cov mon .41 +.07

[11:45] {dino} mlnx hl l .01

[11:47] {cipher} mlnx +.18 thx dino

[11:48] {cipher} got in late

[11:48] {cipher} out .33

[11:48] {dino} gj

[11:48] {dino} out .37, +.36

[11:48] {cipher} wtg

[11:49] {dino} out hstm .38 ave +.37

[11:49] {nemo} btw..iwm low is it's 200SMA

[11:50] {dino} we having fun yet cipher, ;)

[11:54] {cipher} I certainly do, how about you?

[11:54] {dino} vhc spike

[11:55] {dino} indeed

[11:55] {thomcbell} i am looking to buy aig once a setup presents itself near its upward sloping 50sma at 34.49

[11:55] {thomcbell} this one really turned into a nice long squeeze since Thursday

[11:58] {scottie} usb l .40 ?

01[11:58] {Threei}  yes

01[11:58] {Threei}  nice looking one

[12:00] {scottie} in .41

[12:00] {scottie} stop .26

[12:01] {scottie} .34 sorry

[12:14] {cipher} vhc l .61

[12:30] {dino} mlnx sm l .32

[12:35] {cipher} mlnx l .42

[12:36] {dino} out mlnx .74, +.41

[12:37] {cipher} out 1/2 .74 +.32

[12:37] {will49} Vad...FYI; newest version of mIRC won't allow setup here for some reason

[12:38] {will49} CC will help me with it in a couple of hours so apologies for the ping messages that will follow

[12:40] {cipher} out 1/4 mlnx .89 +.46

01[12:41] {Threei}  no problem, they are not in the main window anyway

[12:41] {cipher} out rest 71.18 +.76

01[12:41] {Threei}  how does new version not allow the setup?

[12:41] {cipher} thx for heads up dino

01[12:41] {Threei}  can someone handcuff cipher?

[12:42] {dino} np

[12:42] {cipher} I'm trying to quit for the last 2 hrs...

[12:42] {nemo} mlnx

[12:42] {nemo} sorry

[12:42] {cipher} unsuccessfuly

01[12:42] {Threei}  lol

01[12:42] {Threei}  I can relate cipher... except smoking, all my vices that I tried to quit are still wioth mre

[12:43] {nemo} yeah, he calls me a friend

[12:43] {cipher} scaling out of vhc .84 +.23

[12:43] {nemo} iwm almost back to the open

01[12:44] {Threei} Long Setup:  CAT  .80 break hl

01[12:44] {Threei}  If holds  .70 

[12:48] {dino} taking kra off .20, =.13, took forever

[12:48] {cipher} stopped on remainder vhc .76 +.15

[12:49] {dino} going to take a little break

[12:49] {cipher} me too

[12:50] {dino} nice job cipher. 7 of 7 here

[12:50] {cipher} actually I'm done

[12:50] {cipher} happy Vad?

01[12:50] {Threei}  hehe

[12:50] {cipher} cya tomorrow

[12:50] {dino} cya

[12:50] {thomcbell} good job 

01[12:50] {Threei}  take care cipher, great job

[12:51] {cipher} ty

[13:03] {scottie} trox l .70 ?

01[13:03] {Threei}  probably

[13:06] {nemo} nflx .75

01[13:09] {Threei} Long Setup:  CAT  .60 break hl

01[13:09] {Threei}  If holds  .50 

[13:09] {scottie} too fast

[13:10] {will49} faster thyan a speeding bullet

[13:11] {scottie} in .62

01[13:12] {Threei}  1:1

[13:14] {scottie} trox in .72

[13:15] {scottie} cat +.18 tks Vad

01[13:16] {Threei}  :)

[13:17] {Beau} good one vad. stayed int to .90 +.28

[13:18] {Beau} thx

01[13:18] {Threei}  wtg

01[13:18] {Threei}  cakewalk today

[13:19] {scottie} out trox -.17

[13:19] {scottie} out usb -.06

[13:19] {scottie} :(

[13:20] {scottie} trox very jumpy as you mentioned earlier

[13:21] {will49} jumped me for -.19

[13:21] {will49} and I thought you were my friend scottie :)

[13:23] {scottie} So you don't wanna play with me anymore ?

[13:24] {will49} au contraire mon ami...I like your picks

[13:24] {will49} (if Vad approves them :)

[13:24] {scottie} lol

[13:25] {scottie} wow armh

[13:25] {will49} that's Venus De Milo's company

[13:26] {scottie} lol

[13:37] {scottie} trox rinse

01[13:57] {Threei}  WFC shares buyback

[14:00] {scottie} hog l 47 ?

01[14:03] {Threei}  smaaaaal shares

01[14:03] {Threei}  this thing is treacherous

[14:03] {scottie} how

01[14:04] {Threei}  pretends to be quiet for hours, then moves like anthelope that just got a shot of turpentine up its butt

[14:05] {scottie} tks

01[14:05] {Threei}  for the visual? :)

[14:08] {scottie} yark

[14:09] {will49} did you just have a sharp pain scottie?

[14:10] {scottie} missed it

[14:10] {will49} yark!

01[14:10] {Threei}  yeah, thin one

01[14:11] {Threei}  you missed the graphic description of a stock, will

01[14:11] {Threei}  14:00] {scottie} hog l 47 ?

01[14:11] {Threei}  [14:03] {Threei} smaaaaal shares

01[14:11] {Threei}  [14:03] {Threei} this thing is treacherous

01[14:11] {Threei}  [14:03] {scottie} how

01[14:11] {Threei}  [14:04] {Threei} pretends to be quiet for hours, then moves like anthelope that just got a shot of turpentine up its butt

[14:11] {will49} crap....am missing a lot with this ping thing

[14:12] {scottie} would have been good for a scalp only

[14:13] {scottie} motorcycle, scalp, image forming in my head

[14:13] {will49} lol

[14:19] {will49} I see what you mean Vad on HOG

[14:19] {will49} Vad on a HOG, now there's an image :)

[14:20] {scottie} yeah

01[14:20] {Threei}  with AK-47 barrel sticking over the shoulder

[14:20] {will49} :0

[14:43] {dino} .

01[14:46] {Threei} Short Setup: SLW  .75 break

01[14:46] {Threei}  If holds  .80 

[14:47] {scottie} not in short list

01[14:47] {Threei}  oh well

01[14:48] {Threei}  long .80 break then

[14:50] {scottie} stop ?

01[14:51] {Threei}  .72

01[14:53] {Threei}  meh

[14:56] {dino} whr on fire

[15:05] {dino} mlnx hl l .02

01[15:12] {Threei} Short Setup: GLD  .35 break hl

01[15:13] {Threei}  stop .43

01[15:15] {Threei}  want to cover half near .25 and see if we are lucky enouigh to get .20 breakdown

01[15:23] {Threei}  half out

01[15:23] {Threei}  stop to .37

01[15:23] {Threei}  come on, give us good drop for second half

[15:28] {dino} out mlnx -.17

[15:28] {dino} calling it a day. thx all

01[15:28] {Threei}  take care dino

[15:29] {dino} u2

01[15:29] {Threei}  scalpers win

01[15:34] {Threei}  do we want to try and find one last scalp?

[15:34] {will49} why not

[15:34] {scottie} go

01[15:35] {Threei} Short Setup: CAT  .65 break

01[15:35] {Threei}  hl

01[15:35] {Threei}  If holds  .75 

01[15:36] {Threei}  target 1:2

01[15:37] {Threei}  1:1

[15:37] {scottie} +.10 tks

01[15:37] {Threei}  :)

[15:37] {will49} Nice vad tks

01[15:37] {Threei}  welcome

01[15:37] {Threei}  (no "sir" lest you accuse me of wearing tux again)

[15:38] {will49} never!

[15:39] {will49} Vad...Cant' get mIRC fixed until next week so going back to Mibbit tomorow

01[15:39] {Threei}  really? new version doesn't take?

[15:39] {will49} Won

[15:40] {will49} Won't take no matter what I do

[15:40] {will49} and CC is busy for a few days

01[15:40] {Threei}  are you using router?

[15:40] {will49} Yes

01[15:40] {Threei}  can you try and plug computer directly to modem?

[15:41] {will49} It already is ahead of the router

01[15:41] {Threei}  I see some blame flaky touters for mirc timeout disconnects

[15:41] {scottie} good night, see you all tomorrow :)

01[15:42] {Threei}  take care scottie

[15:42] {will49} hmmm

[15:42] {will49} Be good scottie

[15:42] {scottie} not a chance will

01[15:42] {Threei}  lol

[15:42] {will49} :)

01[15:42] {Threei}  come here kitty

[15:42] {will49} what the hell.....

[15:43] {will49} pretty good day...see you tomorrow

01[15:43] {Threei}  see you will :)

01[15:44] {Threei}  stop to .61

01[15:48] {Threei}  ok, done

01[15:48] {Threei}  very nice day

01[15:48] {Threei}  thank you all, have a good evening

01[15:48] {Threei}  see you tomorrow

[15:49] {thomcbell} u think some people got bagged long in slw ?

[15:49] {thomcbell} oof

01[15:49] {Threei}  some usuallu are

[15:50] {thomcbell} oh dont get philoshical on me 

01[15:50] {Threei}  sorry :)

[15:50] {thomcbell} hehe

[15:50] {thomcbell} very productive day in the room guys

[15:50] {thomcbell} talk tomorrow 

01[15:50] {Threei}  :)

Oct 22 2012

Rough start with 3 rinses and one win, then a few winning trades took a sting out of the morning but still finished a bit negative by my count. Some did better depending on which of my trades they missed, lol.

Session Time: Mon Oct 22 00:00:00 2012

[09:01] {nemo} I have entered

01[09:01] {Threei}  clap clap

[09:14] {Beau} good morning

01[09:14] {Threei}  beau :)

[09:15] {scottie} good morning

01[09:16] {Threei}  scottie :)

01[09:17] {Threei}  I hope everyone got my call at 3:58 on Fri to buy CASC overnight

[09:19] {dino} gm

01[09:19] {Threei}  dino :)

[09:19] {Will49} gm

01[09:19] {Threei}  will :)

[09:20] {Will49} didn't get you call

[09:21] {Will49} your

[09:21] {scottie} would have been great :)

01[09:23] {Threei}  [15:58] {Threei} ATTENTION: sell your farm, your kidney, wife and kids - and buy CASC for over-weekend hold with all you've got

[09:24] {thomcbell} fcx down on earnings

01[09:25] {Threei}  lowered guidance

01[09:25] {Threei}  earnings OK, revenue down

[09:26] {Beau} no got.  still have farm

[09:29] {cipher} gm

01[09:29] {Threei}  cipher :)

01[09:30] {Threei} Short Setup: FCX  .15 break hl

01[09:30] {Threei}  If holds  .25 

01[09:30] {Threei}  no go

01[09:33] {Threei} Short Setup: SLW  .40 break

01[09:33] {Threei}  If holds  .50 

01[09:34] {Threei}  change to .50 break

01[09:34] {Threei}  If holds  .55 

01[09:34] {Threei}  Invalidated  

01[09:35] {Threei} Short Setup: SBUX  .40

01[09:35] {Threei}  If holds  .50 

01[09:37] {Threei}  grr

01[09:37] {Threei} Short Setup: LVS  .20 break

01[09:38] {Threei}  If holds  .30 

01[09:38] {Threei}  SBUX rinse

01[09:39] {Threei}  let's trail LVS to .26

01[09:39] {Threei}  should be dropping faster with this SPY drop

[09:40] {thomcbell} fcx definitely has some fight 

01[09:40] {Threei}  not liking this morning

01[09:44] {Threei}  another rinse

[09:44] {thomcbell} short setup slw - 39.70 break if holding 39.80

01[09:45] {Threei} Long Setup:  BTU  29 break hl

01[09:46] {Threei}  If holds  .90 

01[09:46] {Threei}  1:1

01[09:46] {Threei}  1:2, out

[09:46] {scottie} of course, missed that one

[09:46] {scottie} :(

[09:46] {Will49} me too

01[09:48] {Threei} Long Setup:  CAT  .50 break hl

01[09:48] {Threei}  If holds  .40 

01[09:49] {Threei}  target 1:3

01[09:49] {Threei}  come on

01[09:49] {Threei}  what the deuce

[09:50] {scottie} rinse festival this morning

01[09:51] {Threei}  no kidding, third one

01[09:51] {Threei}  1:4

[09:52] {Will49} humbling

[09:52] {thomcbell} good one Vad

[09:52] {thomcbell} fcx a beast no w

[09:53] {nemo} so cat was bought right back up

01[09:58] {Threei} Long Setup:  LVS  45 break

01[09:58] {Threei}  If holds  .90 

01[09:59] {Threei}  1:1

01[10:00] {Threei}  1:2, out

[10:00] {scottie} finally, +.19 tks Vad :)

01[10:00] {Threei}  :)

[10:00] {Will49} tks Vad...good one

[10:00] {robbers} out, thanks.

01[10:01] {Threei}  welcome

01[10:02] {Threei}  nothing like 3 rinses in a row

[10:02] {nemo} guess earnings were priced into cat

[10:03] {nemo} o.k. c u l8tr

[10:03] {thomcbell} they did a good job of managing the street 

01[10:04] {Threei}  break a leg nemo

01[10:04] {Threei}  wow BTU

01[10:08] {Threei} Short Setup: FCX  .10 break hal

01[10:08] {Threei}  hl

01[10:08] {Threei}  If holds  .20 

01[10:09] {Threei}  target 1:3

01[10:10] {Threei}  1:1

[10:11] {thomcbell} thing is amazingly jumpy 

01[10:16] {Threei}  1:2

[10:16] {robbers} out, thanks again.

01[10:16] {Threei}  :)

[10:16] {robbers} Nice recovery, Vad, from a slow start.

01[10:16] {Threei}  held .10 trail twice perfectly

01[10:17] {Threei}  need couple more like this to return to my normal state of wistling thoughtlessly

01[10:18] {Threei}  1:3 target hit, out

01[10:18] {Threei}  whew

01[10:18] {Threei}  took its sweet time but worked like charm

[10:19] {Will49} tks Vad 

01[10:19] {Threei}  welcome sir

[10:20] {Will49} ooooh..so formal:)

[10:20] {scottie} sti s .60 ?

01[10:20] {Threei}  I think so

01[10:20] {Threei}  let me take my tux off will...

01[10:21] {Threei}  where is my trading tutu...

[10:21] {Will49} lol

[10:23] {scottie} too fast

[10:24] {scottie} What's the technical word for it ? , oh yes... grrrr

01[10:24] {Threei}  right

01[10:29] {Threei}  good spot anyway

01[10:29] {Threei} Long Setup:  CAT  85 br\eak

01[10:29] {Threei}  hl

01[10:30] {Threei}  Invalidated  

[10:32] {scottie} asml l .65 if holds .55 ?

01[10:33] {Threei}  .60 rather

[10:35] {scottie} in .60

[10:36] {scottie} stop .52

[10:39] {scottie} out

[10:52] {scottie} bbt s .45 ?

01[10:53] {Threei}  a bit too narrow...

[10:53] {scottie} tks

01[10:53] {Threei}  chart is right, just not sure about potential

[10:56] {scottie} asml, another rinse

[10:57] {scottie} will give a try, bbt in .44

[10:58] {scottie} stop .56

01[11:02] {Threei} Long Setup:  CAT  .50 break hl

01[11:03] {Threei}  If holds  .40 

01[11:03] {Threei}  target 1:2

01[11:03] {Threei}  1:1

01[11:04] {Threei}  1:2, out

[11:04] {scottie} missed again

01[11:04] {Threei}  OK... one win left till I feel good about today

01[11:05] {Threei}  wow, how? it returnined to pick up late passengers

[11:05] {Will49} I missed too

[11:05] {scottie} misread you and was waiting for .60, when I realized, was too late :(

[11:06] {Will49} I reall have to get onto MIRC

[11:06] {Will49} Was already .08 above break when it hit my screen

[11:06] {scottie} msft inverse H&S l .20 ?

01[11:07] {Threei}  for a scalp, yes

01[11:07] {Threei}  Will... you still on mibbit?

[11:07] {Will49} yeah

[11:11] {goryl} Vad, is ur first trade of the day always a hl?

01[11:11] {Threei}  most often

01[11:11] {Threei}  opening volatility

[11:12] {_1zach4} at 1:1 do you typically take 1/2 off, move your stop to b/e or both?

01[11:12] {Threei}  both

01[11:12] {Threei}  http://www.realitytrader.com/tradingroom/#instructions

[11:13] {_1zach4} thx Vad

01[11:14] {Threei}  sure

[11:18] {_1zach4} I tried MIRC, but every time I join #discussions and #floor it says I am banned 

[11:19] {Will49} Have followed the instructions perfectly half dozen times and can't get in

[11:19] {goryl} I need to regroup.. I've been scalping since the beginning of the month with with 100 shares and i'm trending in the wrong direction:)

01[11:20] {Threei}  zach, it's wrong username or password then... if you connect via mibbit, same credentials will work with mirc

01[11:20] {Threei}  goryl... meaning, taking 1:1 every time?

[11:20] {goryl} yeah

01[11:21] {Threei}  well, many trades are aimed at bigger moves...

[11:21] {_1zach4} yeah just tried again, says address is banned when I try to join #discussions

[11:21] {goryl} but i don't do hl since the limit is 100 so i might have to bump it up to 200 shares and take hl

01[11:21] {Threei}  cutting them down prematurely will influence your performance negatively

01[11:21] {Threei}  right

01[11:22] {Threei}  I removed ban manually, zachm, try again

01[11:22] {Threei}  make sure password is correct

[11:22] {_1zach4} ahh thank you

[11:23] {dino} lulu hl l .35

01[11:23] {Threei}  wrong password

[11:23] {_1zach4} yeah need to fix that, but now i'm on MIRC

01[11:24] {Threei}  will... let's try it via backdoor

[11:24] {Will49} let's wait until noon lull

[11:24] {scottie} want us to leave you alone ?

01[11:24] {Threei}  I will gather correctly configured files for mirc and send them to you

[11:25] {dino} lol

01[11:25] {Threei}  so you just put them in mirc directory

[11:25] {Will49} tks

[11:29] {goryl} Vad, on a down days where i get 3 stops in a row, i would reduce my following trades to hl.  On plus days, after i get 3 wins, i continue playing but with hl.  Good strategy?

01[11:29] {Threei}  firast part yes

01[11:29] {Threei}  second, why?

01[11:29] {Threei}  continue until your winning streak is interrupted

01[11:30] {Threei}  then slow down

[11:30] {goryl} ok, makes sense:)

[11:31] {goryl} i think too much about not losing:) and reduce my profit on winning days

[11:31] {Will49} my issue also goryl

[11:42] {dino} ot lulu .87, +.52

01[11:42] {Threei}  wtg

[11:42] {dino} ty

01[11:42] {Threei}  Indices Flatline in Listless, Low-Volume Trading

01[11:42] {Threei}  - US trading has been a bit choppy this morning as volumes remain below average and the VIX index heads higher. Caterpillar's downbeat quarterly report put some pressure on US indices this morning, although shares of CAT are back in positive territory in midmorning trade. Note that the VIX popped out to its highest level in more than six weeks.

[11:55] {dino} elli going for gap?

[11:56] {dino} ioc hl l .99

01[11:56] {Threei}  looks like

01[11:56] {Threei}  will, check e-mail pls

[11:56] {Will49} got it tks Vad

01[11:58] {Threei}  let's see if it works this way

01[11:58] {Threei}  we may have different ersions of mirc but that shouldn't be a problem, easy to correct

[12:00] {dino} elli hl l .83

[12:05] {dino} out ioc .95 -.04

[12:08] {dino} bbt l .51

01[12:08] {Threei} Long Setup:  GM  .50 break

01[12:08] {Threei}  If holds  .45 

01[12:08] {Threei}  just a scalp

[12:09] {dino} ioc sm l .73

[12:16] {dino} out elli .11, +.27

[12:18] {dino} half out ioc .17, +.44

[12:22] {dino} out remaining ioc .14

01[12:25] {Threei} Long Setup:  CAT  .15 break hl

01[12:25] {Threei}  If holds  85 

01[12:26] {Threei}  nope

[12:26] {dino} back in hour or so, hard stop on bbt at .39

01[12:31] {Threei}  how did it go will?

[12:31] {Will49} Sent you an email

[12:32] {Will49} I think I need one of those rent-a-nerds to do it for me:)

01[12:36] {Threei}  replied

[12:52] {scottie} cstr s .05 aggressive for 43 break ?

01[12:52] {Threei}  yikes, spread

[12:53] {scottie} I see it, ok

[13:00] {scottie} spread better, in .04

01[13:00] {Threei}  ummm

01[13:00] {Threei}  better? :)

01[13:00] {Threei}  it's very jumpy

[13:00] {scottie} was at that time, lol

01[13:07] {Threei}  will is almost there

01[13:08] {Threei}  Who Will Win? 51% Say #Obama, 39% #Romney

[13:10] {scottie} Half out

[13:12] {Will49} I'm back on Mibbit:(

01[13:13] {Threei}  you connect with incorrect password

01[13:13] {Threei}  so it kicks you out

[13:13] {Will49} same password I use for mibbit

01[13:13] {Threei}  unlikre previous attemots, this time it takes you to the right server,

[13:14] {Will49} yes

01[13:14] {Threei}  and kicks out upon attempot to connects

01[13:14] {Threei}  to connect

[13:14] {Will49} yes

01[13:14] {Threei}  that happens only with incorrect username or password

01[13:14] {Threei}  now, notive that it says "banned"

[13:14] {Will49} yes

01[13:14] {Threei}  that hapopens when you connect, get kicked out, and try to connect again right away

01[13:15] {Threei}  there is time interval for a sefrver to clear ban after first unsuccessful atempt

01[13:15] {Threei}  about 1-2 min

01[13:15] {Threei}  so even if you correct the password, it won't let you in if you do it right away

[13:16] {Will49} I waited longer than that between attempts

01[13:16] {Threei}  try this:

01[13:17] {Threei}  after it kicks you out, do NOT close mirc, wait couple min,

01[13:17] {Threei}  then type in the lower lime /login

01[13:17] {Threei}  it will offer you a prompt for username and password again

01[13:17] {Threei}  enter both

01[13:17] {Threei}  make sure no caps lock is on etc

[13:20] {Will49} Ok one more once and then into the "too hard" box it goes:)

[13:23] {cc_8} if will is using irc did he put the required command line in /perform?

01[13:24] {Threei}  he is trying to connect right channels, so I'd think yes

01[13:26] {Threei}  well?

[13:26] {cc_8} will did you put the password command in your perform area of irc?

[13:26] {Will49} When I typed in "login" said I'm not on a channel

01[13:27] {Threei}  did you type login or /login?

[13:27] {Will49} just login

01[13:27] {Threei}  :)

01[13:27] {Threei}  slash is command

01[13:27] {Threei}  without slash it's kust blabbering :)

[13:27] {Will49} thought /login was one of you fat finger slips

01[13:27] {Threei}  nope

[13:27] {Will49} :)

[13:28] {Will49} ok my bad

[13:28] {Will49} trying again

[13:30] {robbers} Will, if it makes you feel any better, I had a hard time getting it set up, too.  But it's worth it.

01[13:30] {Threei}  he is not here

01[13:30] {Threei}  he is in syberspace

[13:30] {scottie} cstr out in full + .19

01[13:30] {Threei}  trying to blast his way in

01[13:31] {Threei}  wtg

[13:31] {robbers} nice, scottie.

[13:31] {scottie} ty

[13:34] {Will49} Same old same old

01[13:34] {Threei}  ?

[13:34] {Will49} #discussions unable to join channel (address is banned)

01[13:35] {Threei}  I don't get it

[13:35] {Will49} and; local host: unknown (96.54.162.123)

[13:35] {dino} .

[13:35] {robbers} Will, I had a hard time, too, keep trying, you'll get it.

[13:35] {Will49} Well, I don't get it either so let's just go on with Mibbit

[13:36] {Will49} hanks for the support everybody

[13:36] {Will49} thanks

[13:39] {cc_8} wil

[13:39] {cc_8} will

[13:39] {cc_8} if you want me to remote in and assit

[13:39] {cc_8} i can

[13:40] {Will49} Thanks CC but I don't want to screw around with this at the expense of missing Vad's alerts

[13:41] {Will49} Can we do it tomorrow during the noon lull?

01[13:41] {Threei}  what do we have now?? :)

[13:55] {scottie} ge forming inverse C&H ?

[13:57] {will49} sup

01[13:57] {Threei}  hmmm

01[13:57] {Threei}  GE could be... slow

01[13:58] {Threei}  how many wills do we have now and who is real one?

[13:58] {will49} quit

01[13:59] {Threei}  is it will or clone?

[13:59] {will49} its will

[13:59] {will49} im fixing it

[13:59] {will49} cc_8 reporting out

01[14:00] {Threei}  anyone else is confused or it's just me?

[14:01] {cc_8} hi will

[14:01] {cc_8} you made it

[14:01] {cc_8} now everything is thru irc

01[14:01] {Threei}  WOOOHOOOO

01[14:01] {Threei}  big round of applause for cc_8

01[14:02] {Threei}  what was the problem?

01[14:06] {Threei}  GE is trying to trigger

[14:07] {scottie} in aggressive at .26

[14:07] {scottie} low of day

[14:07] {scottie} stop .36

01[14:09] {Threei} Long Setup:  TEST 

01[14:09] {Threei} Short Setup: TEST 

01[14:20] {Threei} Short Setup: TEST 

[14:22] {robbers} I'm plus 3 on the tests.

01[14:22] {Threei}  wtg

[14:24] {cc_8} Setup

[14:24] {cc_8} setup

[14:24] {cc_8} SETUP

[14:24] {dino} ioc sm l .70

[14:25] {scottie} I set up mirc to play big ben chimes everytime the word setip prints. You guys will drive me crazy, lol

[14:25] {will49} sorry

[14:25] {will49} i want the same 

[14:26] {dino} \ceb hl l .33

[14:26] {will49} setup

[14:26] {scottie} damn

01[14:26] {Threei}  lol

[14:26] {will49} cooly

[14:27] {cc_8} cooly

[14:27] {cc_8} cooly

[14:27] {cc_8} cooly

[14:27] {will49} cooly

[14:28] {cc_8} cooly

[14:28] {cc_8} last test

[14:28] {cc_8} Setup

[14:29] {scottie} yeah, great :)

[14:29] {cc_8} works good

[14:29] {cc_8} thanks

[14:29] {scottie} works fine tks

[14:30] {will49} Thaks for putting up with all this you guys

[14:30] {will49} and special thanks to CC for his patience

[14:31] {cc_8} np

01[14:31] {Threei}  you wanted geek squad to help :)

[14:31] {will49} got ot in spades

[14:31] {will49} it

[14:33] {dino} out ceb .73, +.40

01[14:33] {Threei} Long Setup:  CAT  .60 reak

01[14:33] {Threei}  If holds  .45 

01[14:34] {Threei}  come on, not another rinse

01[14:36] {Threei}  sigh

[14:38] {scottie} Vad, what was the setup on CAT ?

01[14:40] {Threei}  trend continuation

01[14:40] {Threei}  followed SPY, but SPY changed its mind and reversed

[14:41] {scottie} tks

[14:49] {scottie} ncr l .50 ?

01[14:50] {Threei}  or .40 short... market-dependent

[14:50] {scottie} tks

[14:53] {scottie} in .38

01[14:59] {Threei}  looks good

01[15:00] {Threei}  looks better

[15:00] {scottie} almost got to 1:1

01[15:06] {Threei}  MNST, what a beating

01[15:07] {Threei}  dino, looked at it any?

[15:08] {scottie} ge stopped

[15:09] {dino} mcy drop

[15:09] {dino} sm l .06

[15:10] {scottie} half out ncr

[15:10] {scottie} stop .41

01[15:11] {Threei}  looks beautiful

[15:11] {will49} Is it usual that mIRC disconnects and reconnects automatically?call

01[15:11] {Threei}  no

01[15:11] {Threei}  it shouldn't

[15:11] {will49} Mines doing it every ten minutes

01[15:11] {Threei}  it's ping timeout

01[15:12] {Threei}  not sure if there is a setting somewhere to prevent it

01[15:12] {Threei}  mine never does it

[15:12] {thomcbell} doesnt happen to me either

[15:12] {will49} CC?

[15:14] {dino} never happens to me

[15:14] {cc_8} hi

[15:14] {cc_8} let me check

[15:14] {cc_8} get back on teamview will

[15:15] {scottie} bc s .80 ?

01[15:16] {Threei}  market bounces right now

01[15:16] {Threei}  if BC stays close to low, yes when market reverses

[15:16] {scottie} ok

[15:17] {will49} OK CC on Teamviewer

[15:18] {Beau} dino, what triggered your mcy l? 1st green bar?

[15:19] {will49} CC  id 506808397 pw:1848

[15:21] {will49} CC..let's do this after close

01[15:21] {Threei} Long Setup:  LVS  .85 break

01[15:21] {Threei}  If holds  .80 

[15:21] {scottie} in bc .79

01[15:21] {Threei}  aggressive for .90

[15:23] {cc_8} trade first will

[15:24] {cc_8} tell me when ur ready

[15:27] {dino} beau, 2nd drop higher low

[15:27] {Beau} vol come into it?

[15:28] {dino} not really as the drop was the volume

[15:28] {Beau} gottcha and thx

01[15:28] {Threei}  push LVS

[15:29] {thomcbell} wheres the 2x4 Vad

01[15:30] {Threei}  here ir comes

[15:31] {thomcbell} now nice cup and handle 

01[15:32] {Threei}  just a little help by SPY and it has to iksplode

01[15:35] {Threei}  half out

[15:36] {thomcbell} nice one - thanks Vad 

01[15:36] {Threei}  not bad for 5 cents risk

[15:36] {thomcbell} i have to run - see u guys tomorrow

01[15:36] {Threei}  3 lots

01[15:36] {Threei}  take vcare tbell

01[15:36] {Threei}  out in full

01[15:40] {Threei}  a bit too soon

01[15:40] {Threei} Short Setup: FCX  .35 break\

01[15:40] {Threei}  If holds  .40 

01[15:41] {Threei}  only these 5 cent risk plays this close to eod

[15:42] {will49} tks Vad 1:2

01[15:43] {Threei}  on LVS?

[15:43] {will49} yes

01[15:43] {Threei}  :)

01[15:43] {Threei}  you should be getting alerts in time now

01[15:43] {Threei}  somehow it feels like your mibbit qwas slower than most

[15:43] {will49} yes, much better with sound alert

[15:44] {will49} Let's hope it was mibbit and not me

01[15:44] {Threei}  well, as excuses re being eliminated, pressure grows :)

[15:45] {will49} :)

[15:45] {will49} CC ...still kicking in and out

[15:45] {dino} out ioc .94, +.24

01[15:45] {Threei}  will49 Quit (Ping timeout: 121 seconds)

01[15:46] {Threei}  yeah

[15:46] {dino} out mcy .30, +.24

01[15:46] {Threei}  nice

[15:47] {dino} ty

[15:47] {dino} calling it a day. thx all

01[15:47] {Threei}  take care dino

[15:47] {Beau} thanks for explaination dino

01[15:48] {Threei}  wins after the morning start took most of the sting out but still finishing a bit negative

[15:48] {dino} anytime beau.

[15:53] {will49} Tks vad, nice positive day for me

01[15:53] {Threei}  cool

01[15:53] {Threei}  you must have missed some of my losers :)

[15:53] {will49} Maybe I missed the losses while playing with mIRC :)

01[15:54] {Threei}  no, they occured in the morning mostly

01[15:54] {Threei}  thank you all, we will get them tomorrow

[15:54] {scottie} gn all

[15:54] {will49} See you boys

Nemo's Findings week of 10/21/2012

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

The week that was:

10/16/2012:

Well, we got the bounce I thought we would from yesterday's post.  Retail sales up strong signaling a strong consumer.  Manufacturing down. Market bought the consumer news and ignored the bad manufacturing.  

The market opened higher, sold off to support then moved significantly higher, retracing initial gains to fib levels and then ran to close pretty much at the highs for the day.  Looks like more to go tomorrow.  Downward trend lines in IWM and SPY still intact on the daily.  IWM finished at the Weekly Pivot point  SPY the proverbial "hair" above the Monthly Pivot.  Earnings earnestly embark this week (o.k. that perhaps was a stretch), so we'll begin to get a feel for performance and outlook.  The rubber is about to hit the road.  I do think, with a few pullbacks here and there, the long-term looks up in general, but let's see what Congress does the first of the year.


10/17/2012 :

 

Goldman blows away there numbers end up down.  Economic news is mixed with inflation showing up (ex that stuff like food and oil that doesn't count).  thinking this is just a technical move until the decisions on the results of earnings forge a market direction, which I think will be up.  Having said that...  Intel, IBM, an CSX reported after the close, and they were tepid in their results, so the question will be how they trade tomorrow.  We're still early in the earnings season, so, if they BTFD! if there is a dip, all systems go...

 

As we can see, biggest percentage gain was in the SPY that basically bounced off WR1 to finish near the highs.  The Qs met resistance at the WR1 as did the IWM, with financials taking up the rear(looks big, but that's FAS. The unleveraged IYF was up .66%-nothin' to shake a stick at mind you)  

I think stop hunting above 146 is in order for tomorrow. 

 

10/18/2012:

Eco news:

Some bad news on the jobs front, but good news on the manufacturing front keeps the majority of the indexes flat for the day, except for the GOOG oops that caused the Qs to drop to the Weekly Pivot.  Primarily range bound activity absorbing this weeks up move so far.

 

10/19/2012: 

Eco news:

Housing came in stronger than expected, but the pall of the GOOG earnings cast a long shadow over the market.  Albeit, most of the poor performance was due to the Motorola division, it looks like GOOGs ad revenue growth rate is starting to slow.  Add that to the hiccup in earnings for many of the belleweather stocks so far, all eyes look to AAPL next week, which looks destined to reach $600 fairly shortly.

As we can see demarcated support levels supported the drop today, which would make sense.  Shorts were covering, although not exceptionally strongly, at the end of the day.  Remember OP EX week, so nothing is at it seems. 

On the dailies:
The Qs, of which AAPL is 13% are headed for the 200SMA at 65ish.  just above that around 65.35 is fib confluence as well as price action support

IWM bottomed at significant Fib confluence today, but could have the 200SMA in it's sights in  the 80.40ish area.

SPY is just below the 50SMA with next major support at 142.20

The financials haven't even broken the upward trend line yet, although they could do that Monday

The week that is:

 

The 200 is coming up around 80.45, which corresponds to the August breakout level. below that there is no gap until the 77.65 level, which is also a volume vacuum.   We now have some significant overhead volume between 83.55 (the top of the Friday gap) and 83.75ish.

 

The Qs are coming into 65.25 support, which is also a gap area down to volume support at the bottom of the gap around 64.40.  One could expect a bounce here, but the tell is aapl earnings.  There is also Fib confluence at the 65.40 area.  The 200 sma is at 64.96 with the 50 overhead at 68.40

SPY looks like it will be testing the lows from October, then possibly trend support currently around 142.  Gap low of 141 is next with volume support in the 140.40 area.  Overhead volume resistance in the 144.30 area with a descending trend line around 146.40. 

 

Nothing looks bounce ready.  As I said, financials haven't even broken their upward trend line yet.  However bonds do look stronger in all durations, which is normally negative for equities. The only sector that looks strong, is gold miners.