Nov 07 2012

Not really our day - there were fine trades working for 1:2 and 1:3, but a few too many stops kept the day overall negative.

Session Time: Wed Nov 07 00:00:00 2012

[09:07] {scottie} good morning

01[09:07] {Threei}  morning scottie

[09:09] {Les} afternoon

01[09:10] {Threei}  les :)

[09:13] {cipher} gm

[09:14] {nemo} Good Morning Komrades from the USSA(R)

01[09:15] {Threei}  cipher, nemo :)

[09:15] {ese} morning

01[09:15] {Threei}  ese :)

[09:16] {ese} just to show you haw busy i've been.........i thought the election was today........was surprised when i heard results last night after coming out of Italian lessons

[09:16] {ese} sheesh

01[09:16] {Threei}  lol

01[09:22] {Threei}  wow, look at RGR reaction

[09:22] {nemo} what about smith&wesson

[09:22] {ese} just looking at that

01[09:23] {Threei}  that too

[09:23] {nemo} we're expecting an onslaught of new gun laws

[09:24] {ese} hmmmmmmmmm

01[09:25] {Threei}  not sure why stocks are down... I mean, all that left to launch next rally is to duct-tape Greece to sinking ship of EU

[09:26] {ese} I don't see any news on BTU and it's tanking -.2.00 and change so far....anyone see anything

01[09:26] {Threei}  coal

[09:27] {robbers} Coal companies wanted Romney, that's part of it.

01[09:27] {Threei}  right

[09:27] {ese} hmm

01[09:27] {Threei}  your boy obama is not very coal-friendly

[09:27] {Les} symbol for swith and wesson is?

01[09:27] {Threei}  SWHC

[09:28] {nemo} ese...instead of taking italian lessons, may I suggest a couple of courses in economics may be in order

[09:28] {Les} ty. RGR R3 reversal candidate

[09:28] {ese} go ahead.....get your licks........

01[09:31] {Threei} Long Setup:  C  .70 break

01[09:31] {Threei}  If holds  .60 

01[09:31] {Threei}  change to .60 break

[09:31] {nemo} oh oh, market in ifffy territory

01[09:32] {Threei}  stop .53

01[09:32] {Threei}  target .85 - .90

[09:33] {ese} L btu .52

01[09:34] {Threei}  no go

[09:34] {robbers} Market is really pissed off.

[09:34] {ese} sm

01[09:35] {Threei} Long Setup:  FCX  .70 break hl

01[09:35] {Threei}  If holds  .60 

[09:36] {nemo} capital gains and dividend taxes going up so assets need to reprice significantly lower

01[09:36] {Threei}  wow, SPY can't hold any of supports

[09:37] {nemo} no it's gonna test the volum supporat down to 140.50ish this is s3 on the daily

[09:37] {nemo} All the 401k's will shit the bed on Obama's watch hehehehehehe

[09:37] {nemo} 4 more years!!!!

01[09:37] {Threei}  well, FCX seems to be done dropping

01[09:38] {Threei}  or not

01[09:38] {Threei}  let's trail stop to .64

01[09:39] {Threei}  want to keep things as tight as possible

[09:39] {ese} L btu avg .56

01[09:40] {Threei}  out

01[09:41] {Threei}  good tightening, no supports hold

[09:42] {Les} 1 min bb's tightening indexes are south. possible bounce coming

01[09:42] {Threei}  let's see if SPY makes double bottom here

01[09:44] {Threei} Long Setup:  SLW  .95 break

01[09:44] {Threei}  If holds  .85 

[09:44] {thomcbell} gdx 50.55 long break ttoo

[09:45] {dino} cnc spike

01[09:45] {Threei}  Invalidated  

[09:45] {ese} hmmmmmm  what would dino do?

[09:45] {thomcbell} same with GDX 

[09:46] {dino} lol ese, sidetracted day for me, might get a trade off

01[09:47] {Threei} Long Setup:  SLW  .90 break

[09:47] {ese} am in btu .56

[09:47] {ese} am trying to think like you

01[09:47] {Threei}  If holds  .80 

[09:47] {dino} watching bsft, bcor, crus, catm, esrx, fio, z, cnc

01[09:49] {Threei}  it's actually an aggressive entry for 40 break

01[09:49] {Threei}  not a scalp, target 1:3

[09:50] {thomcbell} which one Vad

01[09:50] {Threei}  SLW

[09:51] {thomcbell} slw daily chart much better than gdx too 

[09:54] {ese} out btu .12 +.56

01[09:54] {Threei}  a lot of uncertainty in the market

[09:54] {ese} am lovin you right now dino

01[09:54] {Threei}  wtg ese

[09:54] {dino} crus hl l .55

[09:54] {ese} tks

01[09:56] {Threei}  don't feel that SLW shapes up right anymore, lost ascneding channel's low

01[09:56] {Threei}  ascending too

01[09:56] {Threei}  yeah

01[09:56] {Threei}  not liking this morning at all

01[09:56] {Threei}  in many regards, lol

[09:56] {nemo} no very foggy...feels like a hangover

01[09:57] {Threei}  �Never underestimate the power of stupid people in large groups.� ? George Carlin

[09:57] {cc_8} Stocks Slammed as Draghi Says Germany SlowingPosted on: Wednesday, November 7, 2012 - 9:48am

[09:57] {cc_8} U.S. stock futures initially traded higher after it was officially revealed that President Obama had won his bid to be reelected, but quickly reversed direction and headed lower after European Bank

[09:57] {Les} so it's those pesky Europeans again is it...

[09:58] {ese} ya!

01[09:58] {Threei}  yup, initial raction was as foretold: USD down, equities and gold up

01[09:58] {Threei}  then whole EU charade came back in play

[09:59] {ese} l btu ..03

01[09:59] {Threei} Short Setup: FCX  .40 break

01[09:59] {Threei}  If holds  .50 

[10:00] {dino} cnc hl s .24 stop hod

[10:01] {dino} cov cnc .92, +.32

01[10:02] {Threei}  1:1

[10:02] {dino} covered too soon

01[10:03] {Threei}  good one anyway

[10:04] {dino} ty

[10:04] {ese} out btu .31 +.28 1/2 lot

01[10:04] {Threei}  will forgot where the door is

[10:04] {ese} good enough......i'm done for the day.......cya tomorrow

01[10:05] {Threei}  take care ese

[10:05] {ese} cya vad

[10:05] {nemo} so dow gave up yesterday's gains and then some

[10:05] {thomcbell} lvs they love it 

[10:07] {will49} hey guys

01[10:07] {Threei}  will :)

[10:08] {will49} hello from Bellingham WA

[10:08] {will49} home of the Canadian shopping paradise

[10:08] {nemo} sbux breaking resistance

01[10:09] {Threei}  cool... you are there to buy some just legalized stuff I guess

[10:10] {will49} lol

01[10:12] {Threei} Long Setup:  LVS  45 break

01[10:13] {Threei}  If holds  .95 

[10:13] {nemo} .06 offer

01[10:14] {Threei}  stop is tight

01[10:14] {Threei}  not taking much chance today, emotions rin hot

[10:14] {nemo} spy in nowheresville

01[10:14] {Threei}  run too

01[10:15] {Threei}  no go

01[10:15] {Threei}  FCX however tries for 1:2

[10:15] {thomcbell} jpm dead for sale along with WFC

[10:15] {nemo} all financials will go in the tank

[10:15] {nemo} it is the wil of Allah

01[10:15] {Threei}  yeah... they are looking forward to see Warren in control

[10:15] {nemo} will

01[10:15] {Threei}  FCX 1:2

[10:18] {nemo} should hit freefall here

[10:18] {nemo} or as you say....cascade

[10:18] {robbers} out FCX, thanks Vad.

01[10:18] {Threei}  I see you made your peace with that word

01[10:18] {Threei}  welcome sir

01[10:19] {Threei}  1:3, over and out

[10:19] {nemo} gld going lower...deflation

[10:19] {nemo} wheels coming off hehehehehe

01[10:19] {Threei}  deflation on 1 min time frame?? :)

01[10:19] {Threei}  that's new, lol

[10:19] {nemo} but gold wasn't up that means recession look

[10:20] {nemo} bonds ripping

[10:20] {nemo} iwm coming into 200

[10:20] {nemo} WS1 on finnies spy and Qs

[10:20] {cipher} tna l .24

01[10:20] {Threei}  well, bonds simply react on monetary policy staying the course for the foreseeable future

[10:20] {scottie} AIG s .30 ?

[10:20] {nemo} yeah, reasonable bet cipher...have diaper ready

01[10:21] {Threei}  AIG, I doubt it

[10:21] {scottie} ok

01[10:21] {Threei}  doesn't look for short herem, unless consolidates for a few more minright

[10:23] {cipher} out tna -.11

[10:23] {dino} fio hl l .15 stop .98

[10:24] {cipher} tna l.20

01[10:25] {Threei}  EXC

01[10:25] {Threei}  daily starts looking like bounce time

01[10:25] {Threei}  intraday, so-so

01[10:25] {Threei}  but with tight stop, probably time to start looking

[10:26] {nemo} they may want to test 140 level in spy although I have confluence between .15-.24

01[10:27] {Threei} Long Setup:  TNA  .20 break hl

[10:27] {dino} 200ma at 1380

01[10:27] {Threei}  Invalidated  

[10:28] {Les} 3 min bullish divergence on TNA almost there

01[10:29] {Threei}  yeah, it's on a verge of reversal

01[10:29] {Threei} Long Setup:  TNA  .10 break hl

01[10:29] {Threei}  If holds  55 

01[10:30] {Threei}  Invalidated  

01[10:30] {Threei}  where is beau... drinking happily or what

01[10:31] {Threei}  uh oh

01[10:31] {Threei}  'The best is yet to come,' Obama tells Americans after re-election as U.S. president

01[10:31] {Threei}  it has been a great country...

[10:32] {robbers} Yeah, but he didn't say that will be in China.

[10:32] {Les} yep he's got nothing to lose now

[10:32] {Les} gonna sweep house and fix everything

01[10:32] {Threei}  what do you mean nothing to lose?? next match of golf??

[10:32] {nemo} l tna .01

01[10:32] {Threei} Long Setup:  EXC  .50 break

[10:33] {nemo} see finnies and spy seemed to have bottomed

[10:33] {nemo} partialed .16

01[10:33] {Threei}  crap, TNA got away

[10:33] {nemo} not from me......

[10:34] {nemo} look for a db formation though

01[10:35] {Threei}  (GR) Germany Chancellor Merkel: Notes that more fiscal policy integration in the EMU is needed; can see a time when EU organizations may be provided the power to intervene in nations that have failed to achieve national budget requirements put forth by the EU treaty

01[10:35] {Threei}  socialism is victorious everywhere

06[10:35] * Threei starts eyeing Antarctica

[10:36] {dino} atlas shrugged begins

[10:36] {Les} I hear global warming will be good for Antarctica

01[10:36] {Threei}  not if you are a penguin, les

[10:36] {Les} r u a penguin?

01[10:37] {Threei}  probably not, I hate cold

01[10:37] {Threei}  but I am sympathetikc to their cause

[10:40] {thomcbell} angry bounce slw

01[10:41] {Threei}  any bets on where US debt stands by the time 2nd term is over? I say 20T or more

[10:41] {Les} where is it now?

[10:41] {thomcbell} well thats part of the plan no?

[10:41] {nemo} looking for vwap run on spy and iwm

01[10:41] {Threei}  16.2

01[10:42] {Threei}  EXC stop is obvious, let it trade

[10:42] {dino} at least 20t 3i

01[10:43] {Threei}  that's my bet dino... you won't win a beer from me on that number :)

[10:45] {dino} ok, i'll go 21t

01[10:46] {Threei} Short Setup: CAT  86 break

01[10:46] {Threei}  hl

01[10:46] {Threei}  If holds  .10 

[10:47] {nemo} lower high on spy in that volume zone

[10:48] {nemo} AGU

[10:49] {nemo} mos

[10:49] {dino} new lows

01[10:49] {Threei}  1:1

[10:51] {cc_8} UPDATE: Merkel Says Europe Must Better Define Rules For Financial markets, Harmonize regulation; Says Can Envision Giving European Institutions Real Rights to Intervene in Cases Where National Budgets Are in Violation of EU Rules

[10:51] {robbers} out CAT, thanks.

01[10:51] {Threei}  yw

01[10:52] {Threei}  1:2

[10:52] {scottie} cat +.18 tks

[10:54] {nemo} o.k. worth a bounce play around spy 140

01[10:54] {Threei}  scottie :)

01[10:55] {Threei}  day is not great still but becomes better

[10:55] {Les} you got your conspiracy defence ready Vad?

01[10:56] {Threei}  about what?

[10:56] {nemo} oh oh, don't hold 140, nothing until 139 area

[10:57] {Les} about market action today

01[10:57] {Threei}  why would any be needed?

[10:57] {Les} on other web site...

[10:58] {Les} "they" are doing it again

01[10:58] {Threei}  "they" always are, aren't they :)

[10:59] {Les} I took up Fusion cause lower monthly fee until you make yer first $500

[11:00] {Les} what they didn't tell me is that account stop limit for day is $150

[11:00] {Les} sheesh

[11:00] {nemo} trade smaller

[11:00] {Les} no, already happened

[11:00] {nemo} o.k. this is capitulation volume

[11:01] {Les} but daily loss limit can be raised if accepting full price plan, which I've asked our broker to change

01[11:04] {Threei}  no go EXC

01[11:04] {Threei}  still not delighted by today

[11:11] {scottie} VZ s .50 ?

01[11:12] {Threei}  no

01[11:12] {Threei} Long Setup:  AIG  .40 break

01[11:12] {Threei}  If holds  .30 

[11:15] {nemo} oh oh, thumbs in the dyke might not work

[11:15] {nemo} try fisting

[11:15] {nemo} sorry

[11:15] {nemo} not really

[11:16] {nemo} women and children overboard

[11:17] {dino} gotta hop

01[11:18] {Threei}  said he and hopped faster than we could blink

01[11:20] {Threei}  come on... no long setups are gping to work today??

[11:22] {Les} 15 min histograms are nearly positive. Could be waiting for afternoon longs

01[11:29] {Threei}  so far, slide continues

01[11:30] {Threei}  look at CAT

01[11:30] {Threei}  down a buck since our short

[11:30] {nemo} no support until 139 area on spy, IWM coming into volume support under 80 financials got another .30 cents

[11:34] {Les} first green histogram bar 15 mins. some capitulation volume here

01[11:34] {Threei} Long Setup:  LVS  .10 break

01[11:34] {Threei}  If holds  44 

01[11:35] {Threei}  aiming for 1:3

01[11:39] {Threei}  1 cent to 1:1?

01[11:39] {Threei}  some days one better stay in bed, lol

[11:40] {nemo} this could be it but they'll probably test finnies iwm spy and Qs all bottomed at levels

[11:40] {nemo} levels I have mapped that is

[11:40] {nemo} Europe closed too, so they're out of the mix now

01[11:50] {Threei}  1:1

01[11:50] {Threei}  finally

[11:55] {nemo} I would look for spy to head back to 140.80 area

[12:00] {cc_8} VirnetX Soars on Legal Victory Over ApplePosted on: Wednesday, November 7, 2012 - 11:51am

[12:00] {cc_8} Shares of VirnetX (NYSE: VHC) rallied strongly on Wednesday after a jury ruled that tech giant Apple (NASDAQ: AAPL) must pay the company damages totalling $368.2 million. .

[12:02] {cc_8} Research In Motion (NASDAQ: RIMM) shares are down more than 7% following comments from Pacific Crest's James Faucette.

[12:06] {scottie} VZ l .40 ?

01[12:06] {Threei}  looks right

[12:09] {scottie} in .41

[12:14] {Beau} good morning

01[12:15] {Threei}  beau :)

01[12:15] {Threei}  we thought your were drunk

[12:15] {Beau} why?  something special last night?

01[12:16] {Threei}  not really, more of the same

[12:16] {Beau} OK. Just didn't waqnt to miss something

01[12:16] {Threei}  hehe

01[12:16] {Threei}  LVS 1:2

01[12:16] {Threei}  VZ works too

01[12:16] {Threei}  life becomes a bit easier

[12:17] {scottie} half out

[12:22] {Les} scalped last entry lvs

[12:23] {Les} was gonna ask if new entry here, but don't wanna buy breaks

[12:25] {nemo} not at lunch

[12:26] {nemo} although if iwm and spy continue north, probably good to vwap

01[12:26] {Threei}  so yesterday Reid was saying "Romney is delusional if he thinks he will get bipartisan support from Senate"

01[12:27] {Threei}  today:

01[12:27] {Threei}  (US) Senate Majority Leader Reid (D-NV) Americans are tired of partisan gridlock; Democrats need Republicans to help in compromising -

01[12:27] {Threei}  what a difference day makes

01[12:27] {Threei}  - Talks on the fiscal issues need to begin now; deficit problem needs a balanced approach - Would like to adjust the 'filibuster' rules that have blocked legislation progress. - Will likely consider a debt limit increase after Jan 1, 2013

01[12:34] {Threei}  7.4 magnitude #earthquake reported off the Pacific Coast of Mexico

[12:34] {nemo} where you been, saw that 2 hours ago

01[12:35] {Threei}  hmmm

01[12:35] {Threei}  I guess I am much further to the north

01[12:35] {Threei}  took a while to reach me

[12:35] {nemo} o.k. market looks like ready to make another move

[12:47] {nemo} o.k.  maybe not...

[12:47] {nemo} Boy does the weather SUCK here today

[12:48] {nemo} spy being sneaky gonna' go to vwap

[12:48] {Beau} snow, rain or both?

01[12:51] {Threei}  beau, where nemo lives all you listed comes for a a normal weather

[12:52] {nemo} rain 

[12:52] {nemo} but windy biting weather

01[12:57] {Threei}  market has stalled but it feels like pause, not an end of activity for the day

[12:58] {scottie} out LVS but went to 1:2 with it, tks Vad

01[12:58] {Threei}  :)

[13:01] {nemo} that was serous spy volume a few minutes ago, and price moved higher, we're going

[13:04] {nemo} here's the run to VWAP and S3

[13:05] {scottie} 1/4 more out VZ

01[13:05] {Threei}  still in VZ, scottie?

[13:05] {nemo} looking for 140.80 on spy

01[13:05] {Threei}  1:2 there

[13:05] {scottie} see above

01[13:06] {Threei}  now, that's a visual you don't often see in corporate speak:

01[13:06] {Threei}  AGU CEO: Have not been approached by buyers for the retail unit, though there has been some 'sniffing' around

01[13:06] {Threei}  yes, I saw it right after I hit enter :)

[13:06] {nemo} spy eclipsed vwap iwm almost there as are the finnies, probably get quiet for a while and then we go to S3

01[13:13] {Threei}  LVS 1:3

[13:14] {thomcbell} u dog u 

[13:15] {scottie} rinsed me for the last piece

01[13:22] {Threei}  Romney lost his chance to earn my disrespect... too bad, I am equal opportunity disrespecter

[13:22] {Les} ?

01[13:23] {Threei}  ?

[13:23] {Les} vad quote is it?

01[13:23] {Threei}  no

01[13:23] {Threei}  that's me

01[13:23] {Threei}  Obama earned it fair and square

[13:23] {Les} oh right

01[13:23] {Threei}  I was looking forward for Romnry to do the same

[13:23] {Les} did u see the new bond film?

01[13:24] {Threei}  Fri

01[13:24] {Threei}  will be much more enetrtaining than election, I am sure

[13:25] {Les} watched Casino Royale again last weekend. Definitely the finest Bond I know

01[13:25] {Threei}  totally

01[13:25] {Threei}  well, maybe 1 notch under Connery

[13:26] {Les} not my generation

[13:27] {nemo} Gonna be fun to watch the EU break up

[13:27] {Les} even more fun to be living it

[13:28] {nemo} your in Switzerland

[13:29] {nemo} you're

[13:29] {Les} that changes nothing

[13:29] {nemo} they were smart enough to stay out of it

[13:31] {Les} smash credit markets & hi-tech exports, watch tidal wave of liquidity blow 1.20 Euro peg out of water... ugh

[13:32] {Les} whether swiss franc remains safe haven at that time, not clear. Smart money moving to Singapore already

[13:34] {Les} SNB holding enough foreign FX reserves on its book to maintain the 1.20 peg to potentially blow us all to kingdom come. Inflation bomb

[13:36] {Les} Canada will look nice when that time comes...

[13:36] {nemo} So won't Australia...hint hint

[13:37] {Les} no thanks

[13:37] {nemo} o.k. setting up the run to S3

[13:40] {Les} need to come over and learn some game hunting skills

[13:40] {nemo} yeah, we'll give you a brown coat and an antler hat and have you run around the woods

[13:40] {Les} dumbass

01[13:41] {Threei}  lol

01[13:42] {Threei}  you might want to work on your comebacks Les... :)

[13:42] {Les} yeh

[13:43] {Les} IWM long on pullback?

[13:43] {Les} near .50?

[13:44] {nemo} no setup yet

[13:44] {nemo} remember, it's ready, aim, fire...not ready, fire, aim

01[13:44] {Threei}  betetr one would be diving under .50, holdng the low of the dive, consolidating - then recross as a trigger

[13:45] {nemo} you want to see FAS hold .65ish too

[13:48] {scottie} out VZ in full

[13:49] {nemo} fas bouncing at .60ish

01[13:50] {Threei}  you took IWM Les?

01[13:50] {Threei}  .44 stop

[13:51] {nemo} bunny out for a visit

[13:51] {Les} no

[13:51] {Les} watching the banksters

[13:51] {Les} don't appear ready to follow

01[13:52] {Threei}  TNA is more of a guide for IWM, I'd think

[13:54] {Les} JPM, GS weak not tempted by index breakout

01[13:59] {Threei} Short Setup: CAT  .35 breeak hl

01[13:59] {Threei}  If holds  .45 

01[14:02] {Threei}  change to .40 break

01[14:02] {Threei}  If holds  .50 

01[14:02] {Threei}  Invalidated  

[14:02] {robbers} You scared it, Vad.

01[14:03] {Threei}  I guess

01[14:03] {Threei}  I tend to do that to stocks

01[14:03] {Threei}  people

01[14:03] {Threei}  children

[14:03] {robbers} They know you were for Romney, revenge.

01[14:03] {Threei}  I guess

01[14:04] {Threei}  although I'd argue, I was not so much for romney as I was againsta obama :)

[14:04] {robbers} Yeah, distinctly different.  You can vote for one candidate....or against the other.

[14:05] {Les} or not vote at all

[14:05] {robbers} Or just cash in your chips and vote for Ron Paul.

01[14:05] {Threei}  the only way republicans wouldn';t get my endorsement would be if they ran Karl Marx as their candidate

[14:05] {Les} lol

[14:05] {Les} the guy was brilliant

[14:06] {Les} his analysis turned political remedy sucked though

01[14:06] {Threei}  sure... so was Stalin

[14:06] {Les} no way

[14:06] {Les} well

[14:06] {Les} maybe

[14:06] {Les} a cunning rodent

[14:06] {robbers} Yeah, Karl Marx or Putin.  Or is it the same person?

[14:06] {nemo} yeah, older I get more I appreciate Uncle Joe

[14:06] {scottie} THC l .55 ?

01[14:06] {Threei}  yes

01[14:06] {Threei}  looks right

[14:07] {scottie} C&H ?

01[14:07] {Threei}  you know more effective mass murderer? it takes a lot of brilliance to terrorize country of such size

01[14:07] {Threei}  just JBE

01[14:07] {Threei}  not really robbers

[14:08] {thomcbell} wow one of the best charts in the market in daily timefreame

01[14:08] {Threei}  Putin is a Stalin's reincarnation, not Marx's

[14:08] {Les} might be lower high forming here on THC

01[14:09] {Threei}  THC is one of those benefitting from Obama reelection

[14:09] {Les} how?

01[14:10] {Threei}  unlike say, ANR

[14:10] {Les} oh healthcare

01[14:10] {Threei}  right

01[14:11] {Threei}  neverending drama:

01[14:11] {Threei}  (or, to wit, drachma)

01[14:11] {Threei}  (GR) Greece PM Samaras: Working to restore credibility; measures are appropriate and structural in nature - address before parliament vote on austerity legislation- Notes that noone should be exempt from the measures - Vote today will 'decide the future of Greece within the EMU'; only alternative is a return to the Drachma - Have been fighting for the next aid tranche to be more than the scheduled �31B

[14:11] {nemo} oh...thought you were talking about pot legalizaation

01[14:11] {Threei}  (US) President Obama reportedly calls leaders of both parties to request they work together -

[14:12] {nemo} riiiiiiiiiiiiigggggghhhhhhttttttt

[14:12] {Les} I c u can marry now Nemo... legally

[14:12] {nemo} yeah, interspecies

01[14:12] {Threei}  bunny??

[14:12] {Les} hehehe

[14:12] {nemo} turned me down

01[14:12] {Threei}  huh... didn't take your offer to make her an honest, umm

01[14:13] {Threei}  female bunny

[14:13] {nemo} bared her teeth

01[14:13] {Threei}  OK{ tat's scary

[14:13] {nemo} yeah, she's bit me before...nasty

[14:15] {Les} u certainly don't need a wife do ya

[14:15] {will49} oooh

[14:16] {Les} the maintenance is certainly cheaper...

[14:17] {will49} been looking around...no MJ retail stores open yet in WA

01[14:19] {Threei}  MJ?

[14:19] {will49} you know...BC flag

[14:20] {will49} they used to call in maryjane in my day

[14:20] {robbers} Interesting article:  http://www.marketwatch.com/story/gephardt-warns-of-bad-days-for-markets-2012-11-07?link=MW_latest_news

01[14:20] {Threei}  got it

01[14:21] {Threei}  sorry, sonme of these references get lost on this foreigner

[14:21] {will49} generational thjing too Vad

01[14:22] {Threei}  they spilled 3000 litres of fuel yesterday in Port Angeles by overfilling a barge, will - my guess is, they were stoned

[14:22] {will49} lol

[14:22] {will49} hope nobody lights a match in Victoria

01[14:23] {Threei}  lol

[14:23] {will49} or is it "lites" a match?

[14:24] {thomcbell} slw shaping up as is gdx here

01[14:24] {Threei}  a bit too narrow tbell, I doubt there is room for profit

[14:25] {scottie} PFE l .40 ?

01[14:25] {Threei}  I think so

01[14:27] {Threei} Short Setup: ANR  .40 break

01[14:27] {Threei}  If holds  .50 

01[14:29] {Threei}  I almost feel liker I can speak Greek:

01[14:29] {Threei}  (GR) Greece Syriza Party (opposition) leader Tsipras: Current Govt has no kept its election promises

[14:30] {thomcbell} i bought small gdx 50.56 

01[14:30] {Threei}  will, next time we drink with ese, let's switch to Greek

[14:31] {will49} it's all greek to me

01[14:31] {Threei}  one of us will say "ese, you have drink your vodka to bottom", antoher add: "oppa!"

[14:31] {will49} :)

01[14:31] {Threei}  or rather" you have no drink"

[14:34] {dino} what i miss

01[14:35] {Threei}  not much

01[14:35] {Threei}  some bounce

01[14:35] {Threei}  but mostly stall

01[14:36] {Threei}  so we study Greek, spill fuel in the ocean and smoke just-legalized stuff, while discussing nemo's interspecies marital intentions

[14:36] {will49} what alife

[14:37] {nemo} productive day

01[14:37] {Threei}  isn't it

01[14:37] {Threei}  too bad ese had to leave

[14:37] {will49} he\s celebrating

[14:38] {dino} lol

01[14:38] {Threei}  yeah, I can hear fireworks from his 'hood

[14:38] {will49} with all his socialist schoolteachers

[14:38] {thomcbell} 1:1 gdx

01[14:38] {Threei}  wtg

01[14:38] {Threei}  ANR nice consolidation

[14:38] {thomcbell} gs day low 

01[14:38] {Threei}  shouyld be effective breakdown

[14:39] {will49} hooray..somebody making coin

[14:39] {will49} tbell

[14:41] {scottie} USB s .50 ?

01[14:41] {Threei}  yes

[14:42] {scottie} in .49

[14:44] {thomcbell} capitulative volume for a contra move on FIO ?

[14:44] {thomcbell} hate this daily chart though

01[14:46] {Threei}  not sure about FIO, I don't see any setup

[14:47] {thomcbell} gdx 1:2

[14:49] {thomcbell} there was your volume spike on FIO

01[14:50] {Threei}  yes

01[14:50] {Threei}  watching

01[14:51] {Threei}  for double bottom

01[14:51] {Threei} Long Setup:  FIO  .90 break hl

01[14:52] {Threei}  If holds  .80 

[14:54] {dino} fio hl l .95 stop .79

01[14:54] {Threei}  with any help, should be capable of 30 - 40 cents move

[14:56] {scottie} +.12 on fio tks Vad

[14:56] {thomcbell} 23.60 breakdown area is my target 

01[14:57] {Threei}  :)

01[15:00] {Threei}  (GR) Greece Syriza Party (opposition) leader Tsipras: Says the austerity bill will destroy the lives of the Greek people.

01[15:00] {Threei}  of course but where have you been while your country was borrowing and borrowing and borrowing...

[15:01] {Les} partying partying partying

01[15:01] {Threei}  there you go

[15:01] {will49} that's what my wife calls me "austerity bill"

01[15:01] {Threei}  everyone smartens up only when collecting agency comes knocking

[15:01] {Les} the wife notices more greek, spanish, french cars on swiss roads during working hours

[15:02] {Les} austerity drive to better working pastures I guess

01[15:04] {Threei}  we need FIO to take 23 and hold it firmly... then it's only up from there

[15:05] {scottie} jumped in fio at .88, sold half at 23, and the rest at .88, thought the trade was over !

01[15:06] {Threei}  14:54] {Threei} with any help, should be capable of 30 - 40 cents move

01[15:07] {Threei}  staying with this view so far

[15:08] {thomcbell} could have a nasty flush of bottom fishers first 

01[15:08] {Threei}  flushed will we be then

01[15:09] {Threei}  correction: are

01[15:09] {Threei}  ANR trigered

01[15:09] {Threei}  if this one doesn't work I will be on strike from 4 pm till 9:30 am

01[15:10] {Threei}  scottie's scalping ways saved his bacon

01[15:10] {Threei}  or his montreal smoked meat

[15:11] {scottie} did the trade by the book, Vad, sold half at 1:1, raised my stop to .89, and went out at .88

[15:11] {nemo} spy looks like aapl kinda

01[15:11] {Threei}  will, whatever route you chose on your way back, do not drive past Cowichan lake

[15:12] {will49} why?

01[15:12] {Threei}  A driver was killed near #LakeCowichan after a rock from a passing logging truck flew through the windshield

01[15:12] {Threei}  this morning

[15:12] {nemo} golden bb

[15:12] {dino} gj scott

[15:13] {scottie} tks dino

01[15:13] {Threei}  that's why they write those books...

01[15:13] {Threei}  for us to trade by them

01[15:13] {Threei}  maybe I need to read some

[15:13] {scottie} can't short ANR, error 3599, anybody knows what that means?

01[15:14] {Threei}  try enter .40 offer

[15:14] {nemo} they don't have it in inventory

[15:14] {scottie} CC8 ?

01[15:14] {Threei}  if accepts it, it's an uptick rule

[15:14] {nemo} yeah

[15:14] {nemo} it's on uptick rule

01[15:14] {Threei}  stock is down more than 10%, uptick rule goes in effect

[15:15] {scottie} tks

01[15:15] {Threei}  does it take your .40 offer?

[15:16] {scottie} got it

01[15:17] {Threei}  when you try to short stock that is down 10% and more, use ARCA

01[15:17] {Threei}  it has better algorythm for such cases

[15:18] {scottie} good to know tks

[15:20] {dino} thg spike

[15:23] {will49} hotel check-out time! Good luck guys

01[15:23] {Threei}  drive safe will

[15:23] {scottie} have a nice safe trip will

[15:24] {will49} :D thanks

[15:24] {dino} cya will

01[15:24] {Threei}  frikin FOI rinsed us

01[15:24] {Threei}  FIO

[15:25] {cc_8} Emerging Markets Bond ETFs Showing Post-Election MettlePosted on: Wednesday, November 7, 2012 - 2:32pm

[15:25] {cc_8} As U.S. equities falter following the results of Tuesday's presidential election, one of this year's most popular asset classes is proving quite study: Emerging markets bonds.

[15:25] {dino} 07 green, rally

[15:26] {scottie} out USB -.08

[15:26] {cc_8} Obamacare Stocks Go Crazy in Wake of President's Re-ElectionPosted on: Wednesday, November 7, 2012 - 3:21pm

[15:26] {cc_8} Not surprisingly, insurance stocks are going crazy on Wednesday after President Barack Obama was re-elected in a decisive victory over Republican challenger Mitt Romney.

[15:27] {dino} lnc hl l .90

[15:29] {scottie} anr stpo .46 ?

[15:29] {scottie} stop

01[15:30] {Threei}  yeah

[15:33] {thomcbell} wow gdx 

01[15:37] {Threei}  meh

01[15:37] {Threei}  not our day

01[15:37] {Threei}  not a disaster but negative

[15:37] {scottie} enough of this, see you all tomorrow

01[15:38] {Threei}  you too scottie, we will get them tomorrow

01[15:38] {Threei}  we always do

[15:38] {Les} yeh off to bed here. c u's tomorrow

01[15:38] {Threei}  take care les

[15:55] {thomcbell} GS garbage 

[15:58] {Beau} vad, please note--did not gloat. Just quietly smiled .

[15:58] {Beau} modest like most texans

01[15:59] {Threei}  I appreciate it beau

01[15:59] {Threei}  gracious winners, not so sore losers :)

[15:59] {Beau} take care all

01[15:59] {Threei}  also... what to gloat about... 20T in debt in 4 years? :)

[15:59] {robbers} Take care.

01[15:59] {Threei}  we are all losers in that scenario

[16:00] {Beau} I'll keep that to see how accurate in Nov 2016.

[16:01] {Beau} good night.

01[16:01] {Threei}  thank you all

01[16:01] {Threei}  have a good evening, see you tomorrow

Nov 06 2012

Fairly decent day, even though slow. Catch of the day SLW short is total textbook:

Session Time: Tue Nov 06 00:00:01 2012
[08:50] {dino} gm
01[08:51] {Threei}  morning dino
[09:05] {ese} morning.........
01[09:05] {Threei}  ese :)
[09:05] {ese} hey vad
[09:08] {scottie} good morning
[09:08] {ese} scottie
[09:08] {scottie} ese
01[09:11] {Threei}  scottie :)
[09:11] {cipher} gm
01[09:11] {Threei}  cipher :)
[09:11] {ese} c
[09:13] {Les} afternoon
[09:13] {ese} hey les
01[09:15] {Threei}  les :)
01[09:17] {Threei}  FINAL National Tracking Poll: #Romney 49%, #Obama 48%
01[09:17] {Threei}  ummm... not exactly final, but I'll take it :)
[09:18] {ese} my polls say obama by a landslide
[09:18] {Les} u still using NASDAQ for routing vad?
01[09:18] {Threei}  you mean in your household?
01[09:18] {Threei}  mostly, yes
[09:19] {ese} no national poll
01[09:19] {Threei}  switching to ARCAZ when shorting stock that is down a lot
[09:19] {Les} ARCAZ?
01[09:19] {Threei}  -Z
[09:19] {Les} k
01[09:19] {Threei}  national in Canada ese? yup, 78%
01[09:20] {Threei}  15:15] {Threei} practically all countries in the world vote for obama
01[09:20] {Threei}  [15:16] {Threei} if he loses, you guys can easily auction him, export him to a winner and plug some budget holes
01[09:20] {Threei}  [15:16] {Threei} Canada, 78/12
[09:20] {Beau} good Democrat morning
01[09:20] {Threei}  beau :)
[09:20] {ese} the es pacific..the es central ..the es prarries...and es atlantic.....one friend in each 2 in central and prarries and they all vote obama..  6 out of 6
[09:26] {ese} hmmmmmmm 5min..............thought sure i was going to get raked over the coals for that last joke........
[09:27] {ese} tough crowd
01[09:27] {Threei}  meh... come tomorrow morning, you lose
01[09:27] {Threei}  btw, notice: you lose whoever wins election
01[09:27] {Threei}  Romney wins, you lost your election bet,
01[09:27] {Threei}  Obama wins, you lost your chance to economy to ever recover
[09:28] {ese} lol
01[09:28] {Threei}  so, considering such state if affairs, as merciful comrades we don't beat up on you today :)
[09:28] {ese} lol
01[09:29] {Threei}  (watch nemo puking at the word "merciful")
[09:30] {nemo} not in my vocabulary
[09:30] {Beau} wonder how long before we know for sure-days, weeks?
[09:31] {nemo} sure chad will be hanging around
[09:31] {robbers} Chad is well hung.
01[09:31] {Threei}  I guess depends on how close deciding ridings are
01[09:31] {Threei}  rofkl
[09:31] {nemo} well Dixeville Notch ended in a tie
[09:32] {Les} day begins well
01[09:32] {Threei}  may be over before central zone votes, ot may drag till Nov 17
[09:32] {ese} out btu .74 +.74 held it over night
01[09:32] {Threei}  wtg
[09:32] {ese} tks
01[09:33] {Threei} Short Setup: FCX  .55 break hl
01[09:33] {Threei}  If holds  .65
[09:35] {nemo} wow wtw just dropped 2 bucks in a nano second
01[09:35] {Threei} Short Setup: CAT  .35 break hl
[09:35] {nemo} I was thinking short too
01[09:35] {Threei}  If holds  .45
[09:36] {nemo} wow, anybody holding that long must have just defecated
01[09:36] {Threei}  Invalidated  FCX
01[09:36] {Threei}  no go cat
[09:38] {cipher} WTW L.40
01[09:40] {Threei} Short Setup: SLW  39 break
01[09:40] {Threei}  If holds  .10
01[09:40] {Threei}  not a scalp
[09:42] {cipher} out WTW .42 +1.02 thx nemo
01[09:42] {Threei}  wtg
[09:44] {ese} nice one c
[09:44] {cipher} ty
[09:45] {cipher} s wtw .48
[09:46] {cipher} cov .45 +.03 bummer
[09:47] {cipher} no hit on my bid @ .25
01[09:47] {Threei}  1:1
01[09:48] {Threei}  will try for 1:3
[09:50] {Les} scalping today ty
01[09:50] {Threei}  yw
01[09:50] {Threei}  guys, I have good news and bad news
[09:50] {nemo} ffiv
01[09:50] {Threei}  good: election noise will be over soon
[09:50] {Beau} romney conceded?
01[09:50] {Threei}  bad... this won't be over for a good while:
[09:50] {Les} hehehe
01[09:50] {Threei}  (IT) Italy 5-star movement leader Grillo: Italy cannot afford to stay in the Euro; Should have referendum
01[09:51] {Threei}  you wish beau :)
[09:51] {Les} oooh yeh I want italy back on the lira
01[09:51] {Threei}  Greece, Spain, Italy... this will obviously be dragged out as long as humanly possible
01[09:52] {Threei}  then power of extraterrestrials will be invoked
[09:52] {Les} Bernanke
[09:52] {dino} bsft hl l .91
01[09:52] {Threei}  you don't think he is human?
[09:53] {dino} out bsft .26,
[09:53] {dino} +.35
01[09:53] {Threei}  wtg
[09:53] {cc_8} Hearing Windows 8 Phones to Go on Sale in China in DecemberPosted on: Tuesday, November 6, 2012 - 8:48amNokia, HTC, and Huawei will launch five Microsoft (NASDAQ: MSFT) Windows Phone 8 smartphones in December
[09:53] {nemo} fslr the last couple of days, sheesh
01[09:53] {Threei} Short Setup: MON  .90 break hl
01[09:53] {Threei}  If holds  88
01[09:54] {Threei}  Invalidated
[09:54] {nemo} coal stocks are happy Romney must be winning
[09:54] {nemo} 4 more years of a Muslim COmmunist?
01[09:55] {Threei}  or it's their wishful thinking :)
01[09:55] {Threei}  MON, should have called 2-sided, eh
01[09:56] {Threei}  good boy SLW
01[09:56] {Threei}  1:2
[09:56] {dino} bsft hl l .85
01[09:57] {Threei}  this is actually a good election call:
01[09:57] {Threei}  PIMCO ?@PIMCO
01[09:57] {Threei}  Gross: Whew! It�s over. To the victor belongs the spoils of political power but to the US voter only continuing frustration will accrue.
[09:58] {Les} speaks his book bluntly
[09:58] {cipher} bsft l .87
[09:59] {dino} out bsft .09, +.24
01[09:59] {Threei}  wow MON
01[09:59] {Threei}  notice how SLW short works against SPY
[09:59] {nemo} 88.85 today
01[10:00] {Threei}  there was a good reason to label it "not a scalp"
[10:00] {cipher} out bsft .21 +.34
01[10:00] {Threei}  Oct ISM New York: 45.9 v 52.9 prior; 12-month low**Responces was collected before Hurricane Sandy and has no impact on its reading
[10:00] {nemo} slw could get to 38.10 or lower
01[10:01] {Threei}  nice recovery going there
06[10:01] * Threei slants at ese
[10:01] {cc_8} UPDATE: AOL Posts Upbeat Q3 Revenue Posted on: Tuesday, November 6, 2012 - 7:34amAOL (NYSE: AOL) reported better-than-expected third-quarter revenue. . . AOL's quarterly revenue came in at $531.7 million, beating analysts' estimates of $521.6 million.
[10:01] {dino} bsft pulp huh cipher?
01[10:01] {Threei}  SLW baby
[10:02] {dino} z hl l .80, stop .68
[10:02] {scottie} +.28 tks Vad
01[10:02] {Threei}  :)
[10:02] {ese} 3 slants noted
[10:03] {cipher} +.34 z thx dino
[10:03] {dino} out z .21, +.41
[10:03] {dino} np
[10:03] {cipher} pulp baby
[10:04] {ese} L tna .69
[10:05] {nemo} grind up day
[10:06] {ese} out tna .65
[10:06] {ese} -.04
[10:07] {ese} man ...that thing moves like grease lightning
[10:07] {ese} thought it wa gonna dive on me
01[10:08] {Threei}  visual: http://goo.gl/lbJSq
[10:10] {ese}  i remember that chart from your chart reading tutorial
01[10:10] {Threei}  :)
[10:11] {ese} which i will review again this weekend when i get some time
01[10:11] {Threei}  I think I have enough material to make an additional collection of charts
[10:12] {ese} i say go for it
[10:12] {Les} fcx break?
01[10:13] {Threei}  I think so
[10:13] {nemo} Len
[10:13] {Les} 3 mins says wait a little. I will watch
[10:14] {nemo} Les likes to watch
[10:14] {Les} not quite sure how to respond to that...
[10:15] {nemo} ;-)
[10:18] {scottie} SO l 45 if holds .35 ?
01[10:19] {Threei}  I'd really prefer short side on it
[10:19] {scottie} ok
01[10:19] {Threei}  long looks labored
01[10:19] {Threei}  contrived
[10:19] {scottie} Don't start talking like nemo
[10:20] {cc_8} Stocks Hitting 52-Week HighsPosted on: Tuesday, November 6, 2012 - 10:03amYahoo! (NASDAQ: YHOO) shares jumped 0.76% to create a new 52-week high of $17.50. Yahoo's trailing-twelve-month profit margin is 79.94%. .
[10:20] {nemo} frickin Phillistine
[10:21] {dino} cbm hl l .00
[10:23] {dino} out cbm .24, +.24
[10:23] {cipher} +.18 cbm thx dino
[10:23] {dino} gj
[10:23] {cipher} full lot though :)
[10:23] {cipher} I think I have enough
[10:23] {dino} sweet
[10:24] {cipher} cya tomorrow
[10:24] {cipher} thx for ideas
[10:24] {dino} take care buddy
01[10:24] {Threei}  take care cipher, gj
[10:24] {Les} ciao C
01[10:24] {Threei}  SO so dead
[10:24] {scottie} didn't take it
[10:25] {Les} .25 potential bounce time
01[10:25] {Threei}  why not
01[10:26] {Threei}  1:1
[10:26] {scottie} No particular reason, just didn't feel comfortable with it :(
[10:27] {nemo} cde
01[10:27] {Threei}  interesting
01[10:28] {Threei}  was very easy decision to me, and felt very natural
[10:30] {dino} z hl l .71
[10:30] {nemo} qcom interesting territory
01[10:31] {Threei}  1:2, over and out
[10:32] {dino} out z .97, +.26
[10:35] {nemo} esrx might be a short here
01[10:36] {Threei}  1:3, without me, but look at this move
[10:41] {Les} db in TNA looks good. Hindsight is 20/20
01[10:43] {Threei}  Harry Reid: �Mitt Romney�s fantasy that Senate Democrats will work with him to pass his �severely conservative� agenda is laughable�
01[10:43] {Threei}  good start
[10:45] {nemo} Black Panthers back at it in Philly
[10:45] {nemo} This just came across twitter feed
[10:45] {nemo} BREAKING! SEALS have arrived at polling places in Phillie where Black Panthers are intimidating voters! God bless our Navy SEALs!
[10:46] {nemo} boy would I love to be there to see that
[10:46] {nemo} probably BS though
[10:48] {nemo} stx sheesh
[10:51] {scottie} TEL l .40 ?
01[10:52] {Threei}  if holds above .35
[10:53] {nemo} http://blogs.denverpost.com/thespot/2012/11/05/hold-sweatshirt/85784/
[10:55] {scottie} in .42
[11:01] {nemo} .50 level getting interesting for ESRX
[11:02] {scottie} half out
01[11:05] {Threei}  :)
01[11:05] {Threei} Short Setup: FCX  40 break
01[11:06] {Threei}  If holds  .10
01[11:15] {Threei}  SPY foesn't cooperate
01[11:15] {Threei}  f=d
01[11:16] {Threei}  stopped
[11:25] {scottie} out TEL +.18
01[11:25] {Threei}  wtg
[11:25] {scottie} ty
[11:32] {scottie} QIHU l .30 if holds .20 ?
01[11:34] {Threei}  not sure
01[11:34] {Threei}  something's off with this one
[11:34] {scottie} ok, will leave it alone
01[11:34] {Threei}  can't quite put a finger on it
[11:35] {nemo} lunchtime
[11:36] {nemo} spy gonna' test 143
[11:37] {nemo} wow
01[11:37] {Threei}  what the deuce
[11:37] {nemo} testing 143
[11:37] {Les} OBAMA -WINS!!
[11:37] {nemo} MPP is here
[11:41] {Les} Fed hedge fund playing it's hand here :)
[11:42] {scottie} VIV s .55 ?
[11:43] {nemo} 143.70ish possible, that's where 50sma hanging out
01[11:43] {Threei}  can't tell
[11:43] {scottie} ok
[11:44] {nemo} 143.25 area major resistance
[11:52] {nemo} stx
[11:54] {dino} bcor hl l .60 stop .49
[11:55] {nemo} methinks the correction is over
01[12:05] {Threei}  no idea where these spikes are coming from
[12:05] {Les} "them"
01[12:05] {Threei}  oh
[12:06] {nemo} spy should go for a test of the 50 now
[12:06] {Les} Vad can you provide me with Laser screenshot u use please. need a comparitive look at this new thingy before me.
01[12:07] {Threei}  http://www.realitytrader.com/vad/Scr2.png
01[12:07] {Threei}  http://www.realitytrader.com/vad/Scr3.png
01[12:07] {Threei}  http://www.realitytrader.com/vad/Scr4.png
[12:07] {Les} ty
01[12:13] {Threei} Short Setup: FCX  .60 break
01[12:13] {Threei}  If holds  .70
01[12:44] {Threei}  1:1
[12:44] {nemo} esrx looks longer
01[12:47] {Threei}  got my revenge on FCX
01[12:53] {Threei}  anyone's breathing?
01[12:54] {Threei}  or you all left to vote
[12:54] {nemo} hi
01[12:54] {Threei}  you may not bother
[12:54] {Les} I voted for a few glasses of red to pass the time
01[12:55] {Threei}  meanwhile I've got a winning call
01[12:56] {Threei} Short Setup: LVS  .65 break
01[12:56] {Threei}  If holds  .70
[12:56] {nemo} i'd say two way on that one
01[12:58] {Threei}  could be...
01[12:59] {Threei}  not really jazzed about longs here
01[13:00] {Threei}  closest presidenatial race in almost 80 years
[13:01] {Les} .50 b/d fcx?
01[13:01] {Threei}  not sure
01[13:02] {Threei}  *(US) TREASURY'S $32B 3-YEAR NOTE AUCTION DRAWS 0.392%; BID-TO-COVER RATIO: 3.41 V 3.96 PRIOR AND 3.59 AVG OVER THE LAST 10 AUCTIONS- Indirect bidders take 25.1% of competitive bids; Direct bidders take 22.3% of competitive bids, Dealers take 48.7%. - 82.8% allotted at high - Median 0.377%, Low 0.303%
01[13:05] {Threei}  Victoria is ranked the 5th most romantic city in Canada
01[13:05] {Threei}  hmmm
[13:06] {nemo} there goes LVS, should test the fig
[13:06] {nemo} I think 45.40 possible if market moves again
[13:16] {Les} http://www.youtube.com/watch?v=cpP7b2lUxVE
[13:16] {Les} admiring Romney's foreign policy approach
[13:16] {Les} tongue in cheek of course
01[13:19] {Threei}  you guys are so weird in Europe
[13:19] {Les} :P
01[13:24] {Threei}  in your eyes Romney is a war monger but Obama is worthy of Nobel price for peace
[13:24] {Les} LOL you are so WRONG!!
01[13:25] {Threei}  me?
01[13:25] {Threei}  heh
[13:25] {Les} Obama's drone kill cowardice is well known here
01[13:25] {Threei}  look at all your Europena polls
[13:25] {Les} but politely ignoed
[13:25] {Les} ignored
[13:25] {scottie} CSC l .50 ?
01[13:25] {Threei}  if you could, you would have flew over in US to vote for him
[13:26] {Les} better the devil u know? Yeh probably
[13:26] {Beau} drone kill cowardice?
01[13:26] {Threei}  tough one scottie
[13:26] {scottie} ok
01[13:26] {Threei}  jumpy
[13:26] {Les} he's a marvel at signing kill orders by remote control beau
[13:27] {Les} leaves George Bush for dead
01[13:27] {Threei}  never mind beau, europenas have ther heads screwed up worse than anyone in US, lol
[13:27] {Les} pun intended
[13:27] {Les} :P
01[13:28] {Threei}  as far as I am concerned, if he does anything right, it's those drones
[13:28] {Beau} wish we had drones in Europe twice or Iraq etc
[13:28] {Les} whaaaaaaaaaaaaaat???
01[13:28] {Threei}  scottie... see what I mean?
01[13:28] {Threei}  exactly beau
01[13:29] {Threei}  give it some thoughts Les, will ya... instead of swallowing that propaganda
[13:29] {scottie} SO l .20 ?
01[13:29] {Threei}  yes
[13:33] {scottie} if holds .14 ?
01[13:33] {Threei}  yup
01[13:35] {Threei}  oh lord
01[13:35] {Threei}  (EU) Germany and Finland reportedly express concerns that the single bank supervisor may not ensure separation of the ECB roles as monetary authority- Recommends the increase in power of the supervisory board and limit the ECB's Governing council roles; Supervisory board must be allowed to make decisions without approval of the Governing council
01[13:36] {Threei}  - Major decisions taken by the supervisory council will require Governing council approval - National supervisories should be given the main roles to handle smaller financial institutions - Chief of the Supervisory Board should be given a 5 year term that is not renewable
01[13:37] {Threei}  IMO, all EU head figures should be given 5 years term... and some much longer
01[13:43] {Threei}  another Victoria honorable achievement: http://goo.gl/3BQJp
01[13:48] {Threei} Short Setup: MON  .55 break
01[13:48] {Threei}  never mind
01[13:51] {Threei}  Country running must be delegated to proctologists. They'll still do everything the same way but at least they'll do it professionally.
01[13:52] {Threei} Short Setup: MON  .55 break
01[13:52] {Threei}  hl
01[13:52] {Threei}  If holds  .65
[13:54] {Les} VMW
[13:54] {Les} never mind no second entry
01[13:55] {Threei}  MON is valid
[13:57] {dino} bsft lod, gap around 28
01[13:59] {Threei}  1:1
[14:04] {nemo} mon should be good to 89
01[14:04] {Threei}  I'll be happy with 1:3
01[14:05] {Threei}  1:2
01[14:10] {Threei}  1:3, out
[14:10] {nemo} why don't you hold a piece?
01[14:11] {Threei}  not enough shares to partial much
01[14:11] {Threei}  was a half lot play in a first place
01[14:11] {Threei}  anyone's trading those, or I am wasting my breath?
[14:11] {nemo} ahhhh
[14:12] {scottie} was away for a few minutes and missed it, great trade Vad
01[14:13] {Threei}  :(
[14:22] {dino} i effectively froze bcor
01[14:22] {Threei}  hehe
01[14:22] {Threei}  what power
[14:24] {nemo} tna looks long here
[14:25] {nemo} higher timeframes look higher
[14:33] {scottie} MRO l .80 ?
01[14:33] {Threei}  hmmm
01[14:33] {Threei}  50/50 between breakout and double top
[14:34] {scottie} ok
[14:37] {Les} shold short VMW .99 at 2pm, covered at 2:17 flat....kill me nemo
01[14:38] {Threei}  nemo??
[14:38] {Les} someone call 911
[14:39] {nemo} nah, cripple you for life
01[14:39] {Threei}  uh oh
[14:39] {Les} saddist
01[14:39] {Threei}  oh, whew
01[14:39] {Threei}  he is OK
[14:39] {nemo} sadist as in Marqis de Sade
[14:39] {nemo} Marquis
[14:39] {Les} don't get all frenchy on me ya kraut lover
[14:40] {nemo} wombatpoker
01[14:49] {Threei}  MRO starts looking like valid breakout at .80
[14:52] {scottie} Gotta go see you all tomorrow
[14:52] {Les} ciao scottie
[14:52] {scottie} les
[14:52] {Les} may all your dreams for president come true tomorrow...
01[14:53] {Threei}  take care scottie
[14:53] {scottie} tks Vad
[14:55] {nemo} wtf
01[15:00] {Threei} Short Setup: C  .40 break
01[15:00] {Threei}  If holds  .50
01[15:08] {Threei}  MRO was worth a fade eh
[15:08] {Les} was watching it hold support as indexes plunged. stopped looking after that
01[15:09] {Threei}  that holding support made me think long on a break
01[15:09] {Threei}  never triggered, then gravity took over
[15:18] {dino} bcor to .80
[15:20] {dino} out +.20 bcor
01[15:20] {Threei}  wtg
[15:21] {dino} took all afternoon
01[15:21] {Threei}  such are these last election cycle days
[15:42] {Les} c'mon vad belt this sucker
01[15:42] {Threei}  sorry, fell asleep
06[15:42] * Threei hits C over the head with 2x4
[15:42] {Les} I discovered 'Family Guy' today....
[15:43] {nemo} I'm speechless
[15:43] {Les} and here I thought the Simpsons lewd
01[15:44] {Threei}  lol
01[15:44] {Threei}  first 4 seasons were great
01[15:44] {Threei}  then it went downhill in a hurry
01[15:44] {Threei}  jokes became tasteless and not funny
01[15:45] {Threei}  outrageous for outragenousness sake
[15:45] {Les} OK will order some 2nd hand dvd's
01[15:46] {Threei}  "what the deuce" we use often here is Stewie's catchphrase :)
[15:47] {Les} I like to think of him as Nemo's brother
[15:51] {Les} tasteless and not funny... I get it
[15:55] {dino} brian the dog cracks me up
01[15:55] {Threei}  :)
[15:56] {dino} calling it a day, thx all
[15:56] {Les} cheers
01[15:56] {Threei}  time's running out
01[15:56] {Threei}  covering C breakeven
01[15:57] {Threei}  OK guys... good evening, let's see how the drama resolves
01[15:57] {Threei}  see you tomorrow!
[15:57] {Les} cheers

Nov 05 2012

Very very inactive day with low volume and almost non-existing patterns. Gotta wait out this election/Greece stalemate.

Session Time: Mon Nov 05 00:00:00 2012
01[09:05] {Threei}  (GR) Dealer chatter circulating that the Greek Justice Minister Roupakiotis (Democratic Left member) will not sign off on austerity measures and that he may be forced to resign- Refusal to sign the measure would complicate the situation in Greece
01[09:05] {Threei}  German press report noted that ECB treated �18B in Spain bills too generously when used as collateral by banks, did not apply large enough haircuts and broke its own rules
01[09:07] {Threei}  [EBAY] Anonymous hackers claim they have gotten ahold of 28,000 PayPal passwords
[09:09] {scottie} good morning
06[09:09] * Les slaps Nemo with a bambi in rigor mortis
01[09:10] {Threei}  scottie :)
01[09:10] {Threei}  lol les
01[09:10] {Threei}  good one to start the day
[09:11] {nemo} nice one
[09:11] {nemo} my back is still out, so no bambiwhacking
01[09:12] {Threei}  I heard bambies petition nearest farmacy to keeo them from selling back pain medication
[09:12] {Les} hehehe
[09:13] {Les} still no account
[09:13] {Les} scottie been grabbing great setups
[09:13] {Les} so gonna reconfigur to get intelliscan up somewhere
[09:17] {Les} hadn't seen the damage done to AAPL Friday
[09:21] {Will49} Good Morning
01[09:21] {Threei}  will :)
[09:27] {ese} morning......reading the news and almost forgot to log on......
[09:27] {Will49} Hey ese
01[09:27] {Threei}  ese :)
[09:27] {ese} vad will
[09:27] {nemo} for some reason reminds me of the joke, "If I promise to miss you, will you promise to go away?"
[09:28] {ese} anything new in trading land........is Les making a market in Alp Horns yet
[09:28] {ese} lol
01[09:28] {Threei}  nothing new ese, Greece is still in tatters
[09:29] {ese} reminds me of a country tune "How can I say goodbye If You Won't Leave"
[09:30] {nemo} now there is a genre that has morphed over the years
[09:31] {ese} definitely....more market share than rock and pop
[09:31] {cc_8} who made the joke up
[09:31] {nemo} but is more like rock these days than country
[09:32] {nemo} saw Steven Tyler doing Aerosmith tunes on the country channel the other day...sheeesh
01[09:32] {Threei} Short Setup: FCX  .20 break hl
[09:32] {ese} ya ...the country guitar players are using more distortion than the rock guys
01[09:32] {Threei}  If holds  .30
01[09:33] {Threei}  no go
[09:33] {nemo} was that a no-worky or an invalidated
01[09:35] {Threei} Short Setup: LVS  .70 break
01[09:35] {Threei}  If holds  .80
[09:38] {Les} CAT
01[09:38] {Threei}  target 1:2
01[09:39] {Threei}  SPY is jumpy
01[09:40] {Threei}  1:1
[09:41] {scottie} +.19 tks Vad
01[09:41] {Threei}  :)
01[09:41] {Threei}  that was very quick dive to 1:2
01[09:41] {Threei}  had to have order laid out to get a fill
01[09:41] {Threei}  but it's there again
[09:42] {Les} sbux?
[09:42] {Will49} Tks vad 1:2
01[09:43] {Threei}  yw
01[09:43] {Threei}  SBUX is double top, but no clear resistance to place stop
[09:43] {Les} ok nice death LVS
[09:44] {scottie} aig l .50 ?
01[09:44] {Threei}  yes
01[09:44] {Threei}  unless SPY drop destroys .40 as support
[09:45] {nemo} think aig tests 32, and then the 200 around 31.50ish
01[09:45] {Threei}  thought of 1:3 target to LVS, but market was too jerky, decided to stay on conservative side
[09:47] {scottie} invalidated aig
01[09:47] {Threei}  yup, invalidated
[09:47] {Beau} good morning
01[09:47] {Threei}  wow LVS
[09:47] {ese} B
01[09:47] {Threei}  can we have our position back?
01[09:47] {Threei}  beau :)
[09:47] {nemo} should bounce by .75
[09:49] {Les} sbux dbi here?
[09:49] {ese} L btu .175
[09:49] {Les} .06 is pivopt resistance
01[09:49] {Threei}  no, I'd leave it alone
[09:50] {Les} k
01[09:51] {Threei} Short Setup: SLW  .95 break
01[09:52] {Threei}  If holds  .05
01[09:53] {Threei}  1:1
[09:56] {ese} btu stop to break even
[09:57] {Les} wow RIG
[09:58] {ese} love these situations were your playing with free money..........it's someone coming up to you and say.."heres some spare change ..go buy yourself a Maseratti.." "it's on me"
[09:58] {nemo} .75 level BMRN
01[10:00] {Threei}  1:2
[10:00] {ese} opps
01[10:00] {Threei}  *(US) OCT ISM NON-MANUFACTURING COMPOSITE: 54.2 V 54.5E
[10:00] {Les} good call on sbux
01[10:01] {Threei}  that was rather easy
[10:01] {Les} consolidating u say
[10:01] {Les} ?
01[10:01] {Threei}  look at SPY at 9:42 and next 5 min
01[10:01] {Threei}  big sudden drop
01[10:01] {Threei}  look at SBUX
[10:02] {Les} ah ok
01[10:02] {Threei}  didn't even lose closest support
01[10:02] {Threei}  if it doesn't drop when market falls like this, what would possibly be the reason for it to drop?
[10:02] {ese} Les......i'm expecting to make big money on your advice about any company that markets Alp Horns.......just say the word and i'll buy the stock
[10:05] {Les} expecting the return of fascism ese?
[10:05] {Les} they really are a nationalist's instrument of choice
[10:05] {ese} perfect..........
[10:05] {Les} for parochial, narrow minded Switzerland for the Swiss type people.
[10:05] {Les} lol
[10:06] {nemo} clf
[10:09] {ese} hmmmmmm.....to take my .08 btu profit or not......hmmmmmmmm
[10:09] {Will49} there goes the Maseratti
[10:10] {nemo} guys, it's "Maserati"
[10:10] {ese} be a while before i can afford the Maseratti at this rate for sure
[10:10] {Will49} I'm not Italian
[10:10] {nemo} bunch of frickin' illiterates
[10:10] {ese} me neither
[10:10] {ese} but
[10:10] {Will49} frickrn has a g at end
[10:10] {ese} ah wait..........
[10:10] {nemo} actually, an apostrophe
[10:11] {ese} yes...it looks like that maserati is getting closer
[10:12] {ese} btu stop to .23
[10:13] {ese} hmmmmmmmm....don't think the $250 dn payment is gonna do it
[10:14] {Will49} maybe a 184 Maserati
[10:14] {Will49} 1984
[10:14] {ese} nemo can i borrow your Ferrari?
[10:14] {ese} wanna get a feel for this type of vehicle
[10:14] {nemo} sorry dude...Lamborghini man
01[10:15] {Threei}  nemo is extremely environmentally conscious ese... he drives Prius
[10:15] {Les} bwahahahaha
01[10:15] {Threei}  and carpools
[10:15] {nemo} Yeah, I drive it out to the end of the rifle range
[10:16] {nemo} CAM strong
[10:16] {nemo} mmmhhhh, spy looks long above .10
01[10:16] {Threei}  I have one election prediction to make
[10:16] {nemo} Perot won't win?
01[10:17] {Threei}  Wed morning 48% of the country will wake up extremely disappointed
[10:17] {Les} why 48?
[10:17] {ese} lol
01[10:17] {Threei}  tat's what polls say :)
[10:17] {Les} for both?
01[10:17] {Threei}  yup
[10:18] {Les} 4% swinging idiots
01[10:18] {Threei}  no
01[10:18] {Threei}  4% don't know the names of the contenders
[10:18] {Les} hehehe
[10:19] {Les} http://www.youtube.com/watch?v=0YOh-rpvjYg
01[10:20] {Threei}  and if you think I am joking, watch that street interview by Howard stren
[10:21] {cipher} tna l. 61
01[10:21] {Threei}  http://goo.gl/BsI2L
01[10:22] {Threei} Long Setup:  SLW  .05 break
01[10:22] {Threei}  If holds  39
[10:22] {ese} ok....plus .40ish.......now were takin dino territory
[10:23] {Will49} nice one on btu ese
01[10:23] {Threei}  wtg
[10:24] {cipher} lvs l .42
[10:26] {cipher} cat l .27
[10:26] {cipher} out 1/2 tna .91 +.30
[10:26] {ese} tks will
[10:29] {nemo} unh
[10:30] {nemo} like ctxs short below .80
[10:30] {Les} bullish divergence 3 min lvs
[10:31] {nemo} think it needs to test the whole but could go back to the 50sma at .75 first
[10:31] {nemo} Having said that mybuddy's algo has a persistent offer on LVS
[10:31] {ese} am outta here all..............got that down payment in.........i mean the stop loss on the maseriti at .25....see what happens end of day...have a good one cya tomorrow
[10:31] {nemo} as a matter of fact, it's the #1 weak stock
[10:32] {Will49} be good ese
[10:32] {Will49} he hung up on me
01[10:33] {Threei}  that's being good as he sees it
[10:33] {Will49} meh
[10:33] {Les} ciao ese
01[10:33] {Threei}  SLW... did you have to invalidate the trade by 2 cents?
[10:35] {cipher} out 1/4 more tna .01 +.40
[10:35] {cipher} out 1/2 lvs .62 +.20
[10:36] {nemo} might as well go for the vwap on lvs
[10:36] {cipher} out cat .37 +.10
[10:37] {cipher} what's vwap on lvs?
[10:38] {nemo} just below 45
[10:39] {cipher} thx nemo
[10:39] {nemo} this is right about where the 50 day is
[10:40] {cipher} out last piece tna .11 +.50
[10:41] {cipher} out rest lvs .90 +.48
[10:41] {Will49} nice trading cipher
[10:41] {cipher} ty
[10:41] {cipher} done for the day
[10:41] {cipher} cya tomorrow
[10:41] {Will49} I guess
[10:42] {Les} ciao c
01[10:46] {Threei}  take care cipher
[10:46] {nemo} could short lvs here with stop above the whole
[10:54] {nemo} grind up, yahoo
[10:56] {scottie} so s .75 if holds .80 ?
01[10:57] {Threei}  yes
01[10:57] {Threei}  lol
01[10:57] {Threei}  took me a few to understanfd that SO is stock symbol
[10:57] {scottie} lol
01[10:57] {Threei}  sounded like... soo... short .75? :)
01[10:57] {Threei}  let's capitalize them
01[10:57] {Threei} Short Setup: LVS  .85 break
01[10:57] {Threei}  aww, late
01[10:58] {Threei}  second chance
01[10:58] {Threei}  If holds  .95
[11:04] {scottie} SO too fast
01[11:04] {Threei}  so so fast
[11:04] {scottie} :)
01[11:04] {Threei}  1:1 LVS
[11:04] {nemo} 142 is the weekly pivot on spy, likely going there
01[11:08] {Threei} Long Setup:  GLD  .15 break
01[11:08] {Threei}  If holds  .05
01[11:12] {Threei}  SPY almost stopped trading
[11:13] {Les} nicely done on lvs
01[11:13] {Threei}  no go GLD
[11:14] {scottie} LVS +.18 tks
01[11:14] {Threei}  yw
[11:17] {Les} lvs 1:4 incredible
[11:20] {cc_8} Shares of Jack in the Box (NASDAQ: JACK) have enjoyed a fairly strong rally in 2012, trading up from near $21 at the start of the year to just over $26.30 on Friday.
[11:23] {nemo} why lvs incredible I said you could short against 45  and it will likely test 44, it broke it's 50 day
[11:24] {Les} that it's playing so nicely dude
[11:25] {Les} ah ok the daily makes sense
[11:26] {Les} from the daily it makes sense
[11:26] {scottie} STT .50 if holds .45 ?
01[11:27] {Threei}  I thiknk so
[11:28] {scottie} in .52
[11:34] {scottie} out -.09
[11:36] {scottie} Vad, should have I waited for the break of .53 on that one, or break of .50 was correct ?
01[11:39] {Threei}  nah, .50 was valid trade
01[11:39] {Threei}  just didn't work, that's all
[11:39] {scottie} tks
01[11:39] {Threei}  SPY reversed sharply
01[11:39] {Threei}  not every loss is a lesson to avoid
01[11:40] {Threei}  some are just tribute to gods of uncertainty
[11:43] {scottie} ANV s .50 if holds .60 ?
01[11:44] {Threei}  ptrobably two-sided
[11:44] {scottie} tks
[11:47] {scottie} in .48
01[11:51] {Threei}  grrr
[11:51] {scottie} out -.14
[12:01] {nemo} scottie having a bug day
[12:03] {Les} watching RIG and .23/.20 level
01[12:03] {Threei}  having a bug day once in a while is a requirement
[12:03] {Les} vwap is here .27
01[12:03] {Threei}  no good trader can live without those
[12:05] {Les} Vad, rig .20 b/d?
01[12:07] {Threei}  looks right to me
[12:07] {Les} higher time frames appear aligned
[12:09] {Les} paper trade only
[12:11] {Les} 1:1
01[12:14] {Threei}  nice one
[12:15] {Les} ty
[12:21] {Les} 1:3
[12:22] {Les} that's what I like
[12:22] {Les} that's logged for archives
[12:28] {Les} LVS is way way out of bb's in hourly and approaching 44
01[12:29] {Threei}  on 1 min there is nothing urgent
01[12:29] {Threei}  most likely breakdown and another leg down
[12:30] {Les} some capitulation vol. would be nice
01[12:32] {Threei}  here is my breakdown
01[12:32] {Threei}  (EU) Spain Fin Min De Guindos: Will request a bailout when the time is right, no country is pressuring Spain to get a bailout; Spain wanted to see a Spanish candidate for ECB seat, OMT bond buying program has reduced yields
01[12:32] {Threei}  lol
01[12:32] {Threei}  Will request a bailout when the time is right
[12:32] {Les} Monty Python at its finest
01[12:34] {Threei}  to quote Sunday Links e-mail,
01[12:34] {Threei}  ask me to rescue you finally before you drown!
01[12:35] {Threei}  Oh wait, rescuer is not much of a swimmer himself
[12:35] {Les} lol was about to question that 2nd part...
01[12:36] {Threei}  you don't get our sunday e-mail?
01[12:36] {Threei}  #Ohio: #Romney 49%, #Obama 49%
[12:37] {Les} ah no I didn't see you added text
[12:37] {Les} I just saw the email and popped by the website afterwards
01[12:38] {Threei}  well, sometimes we write clever things in it
[12:38] {Les} didn't see that you've added info in the email itself
01[12:38] {Threei}  more often we just think they are clever though
[12:38] {Les} profits on greek debt? Are they joking?
[12:40] {Les} good. the account's ready
[12:40] {Les} quitter nemo
[12:49] {scottie} CRUS s 32 ?
01[12:49] {Threei}  half lot
[12:51] {scottie} once again, too fast
[12:51] {Will49} whoa
[12:52] {Les} nice
01[12:52] {Threei}  that's why half lot... imagine being on a wrong side of such move
[12:52] {scottie} Can't see it drop, I got tears in my eyes
[12:52] {Will49} lol
[12:53] {Will49} sorry scottie, I meant boo hoo
[12:54] {scottie} lol
[12:54] {Will49} capitulation Vad?
01[12:54] {Threei}  yes
01[12:55] {Threei}  .65 break worth trying
01[12:56] {Threei}  :)
[12:57] {scottie} hesitation, missed it on the upside too :(
[12:57] {Les} might head back to 32 and higher
[13:04] {scottie} HUM l 75 ?
01[13:04] {Threei}  even smaller than hl
[13:07] {scottie} no
[13:12] {Les} wow lvs
[13:40] {scottie} THC l .60 ?
01[13:40] {Threei}  yes but I'd really prefer pul.lback entry
01[13:40] {Threei}  closer to .50
[13:40] {scottie} tks
[13:47] {scottie} in .62
[13:50] {scottie} thought you'd love that stock will
[13:51] {scottie} THC is what BC flags are made of
01[13:51] {Threei}  lol
[13:51] {Will49} sorry scottie, was watching a couple of paper trades
[13:51] {Will49} oh i get it now....little slow this morning
[13:53] {Will49} i hand nemo an opening and he's sleeping
[13:56] {scottie} half out
[13:57] {scottie} finally, one that's working
[14:04] {scottie} Stop .64
01[14:04] {Threei}  :)
[14:11] {nemo} that was fun...computer malware
01[14:12] {Threei}  wow
01[14:12] {Threei}  virus?
[14:12] {nemo} malware...my nephew dowloads games, dowloaded the claro toolbar...pain in the ass
01[14:13] {Threei}  yikes
[14:13] {nemo} took care of it
01[14:13] {Threei}  just wait till he gets into whole porn thingy...
[14:14] {nemo} I'll get him his own computer
[14:15] {nemo} mon looks good here with .50 as support
[14:18] {scottie} out
[14:18] {nemo} like that volume spike on MON there we go
[14:18] {nemo} this is going at least to the number
[14:19] {nemo} think 88.30 is a good possiblity
[14:31] {nemo} mjn very interesting level
[14:32] {nemo} partialed .96, should go to .30 next
[14:32] {Will49} nice to watch that one nemo
[14:32] {Beau} nemo your MON was a good one
[14:33] {nemo} it's bee3n strong all day then you can see that resistance at .50 break, drop and rebid of the level, made for good support
[14:34] {nemo} stop .90ish
[14:40] {nemo} stop to the whole
[14:40] {nemo} hfc
[14:41] {nemo} this is another one
[14:44] {nemo} cmon mon
[14:44] {nemo} that's not me speaking with a jamaican accent
[14:47] {nemo} next partial .26
[14:52] {nemo} mmmhhhhhh....thinking stop under .10
[15:00] {nemo} frickin mon
[15:04] {thomcbell} wow that was quick
01[15:05] {Threei}  wow
01[15:05] {Threei}  tbell, welcome back
01[15:06] {Threei}  you OK?
[15:09] {thomcbell} just no power until yesterday - i live in northern nj and there were tons of trees and power lines down
[15:09] {thomcbell} all things considered me and my family are more than fine
[15:09] {thomcbell} thanks for asking
[15:09] {Will49} good to hear tbell
[15:09] {robbers} Glad to hear it.
01[15:09] {Threei}  thought that power was the problem, but didn't know how you were
01[15:10] {Threei}  good everything's OK
01[15:10] {Threei}  you and cipher were out for days but he got back online faster
01[15:12] {Threei}  who wrote this headline, I want to know:
01[15:12] {Threei}  Pot watchers in B.C. focus on legalization votes in Washington and other states
01[15:12] {Threei}  Read more: http://www.theprovince.com/watchers+focus+legalization+votes+Washington+other+states/7496880/story.html#ixzz2BNgYUbwk
01[15:12] {Threei}  pot watchers...
01[15:13] {Threei}  and look at that flag, lol
[15:14] {Will49} I'm watching :)
01[15:15] {Threei}  practically all countries in the world vote for obama
01[15:16] {Threei}  if he loses, you guys can easily auction him, export him to a winner and plug some budget holes
01[15:16] {Threei}  Canada, 78/12
[15:21] {robbers} I'm bailing out for the rest of the day, celebrating that I have electricity by turning on all the lights.  See you guys in the morning.
[15:21] {Will49} light up your life robbers
01[15:22] {Threei}  take care robbers
01[15:26] {Threei} Short Setup: RGR  44 break hl
[15:28] {scottie} That's it for me guys, see you all tomorrow
01[15:28] {Threei}  take care scottie
[15:28] {Will49} see ya scottie
[15:28] {scottie} Tks Vad
[15:28] {scottie} will
[15:32] {Will49} Have to run also. Off tomorrow-back Wed
01[15:33] {Threei}  will :)
01[15:41] {Threei}  another low volume day
01[15:50] {Threei}  ok guys, thank you all
01[15:50] {Threei}  have a good evening, see you tomorrow
[15:50] {Les} thanks vad. tomorrow

Nemo's Findings week of 11/4/2012

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

 Well, Sandy put the kaibosh on the market this week.  However, good news is not holding so well and earnings/guidance are coming in mixed but weaker.  Probably not definitive until after the election, whose results could be delayed by Sandy.  

Here is the week that was:

The Week That Is:

Not sure the action meant much this week, although I find it interesting that in the IWM and SPY both basically touched the 50 SMA on Friday and rejected it.  IWM is still supported by the double bottom at the 200SMA and a volume support price band between 79.70-79.90 or so. The SPY has flirted 3 times with the volume price band between 140.25 and 140.55ish.  SPY drops that, there's not much to support it below there except the natural 140 whole number and then the confluence of volume and pivot levels betwen 138.50-139 with the 200 SMA lurking around 138.15.  The Qs have one major volume band between 64.20-.40 and then it get's a bit dicey until the 62.75 level.  With 13% of the index being aapl, that weighs heavily on the Qs.

Now, let's take a quick look at the $.  Notice Thursday was an up day for the $, which was also an up day for the market...that's not the usual relationship.  Yet Friday was really an up day for the $ and ended up being a down day for the market, which is the usual relationship between the market and the $.  A tad odd, but then again, the election is coming up.  Having said that, notice how the 50 SMA is basically range resistance which the $ broke, is it now destined to touch the 200SMA and the price resistance in the 22.23-.27 area?  Should the $ keep moving up look for the market to fall.  As for oil....

One has to ask how much of the drop is due to strength in the $ and how much is do to economic weakness, either way, look for oil to test support at the confluence reflected in USO at 30.80ish, or somewhere in the gap down to 29.50

Given the market's predeliction for resilience, I would not get to comfortable if I were of the Ursine genus.
 
 

Market Week Wrap-up

Hurrican Sandy Swamps Markets

- It has been an extraordinary week on Wall Street thanks to Hurricane Sandy's assault on New York City. With the exception of some futures markets on Monday morning, US bond and equity trading was shut in on Monday and Tuesday, marking the first time that the NYSE was closed by weather for two consecutive days since 1888. Markets opened again on Wednesday, with pent-up demand driving higher trading volumes. In US data, the focus was on the October jobs report on Friday. Both non-farm and private payrolls numbers, +171K and +184K, respectively, widely beat expectations, while the unemployment rate edged up one-tenth of a point to 7.9% amid continued labor force expansion. The benchmark 10-year note eked out tiny price gain for the week, climbing to 1.726% as investors defer big moves until the outcome of the presidential election next Tuesday is clear. In Europe, manufacturing PMI data for October was flat or slightly higher than September's recessionary levels, and China PMI returned above the 50 expansion threshold. For the week the DJIA was down 0.1%, the S&P500 declined 0.2%, and the tech-heavy Nasdaq lost 0.2% as major tech names reported weak earnings. 

- Crude prices declined to three-month lows below $85 through the end of the week. Late-week dollar strength was seen as one culprit, thanks improved US labor data, ongoing turmoil in the eurozone, yen softness after the BoJ move and the flight-to-safety market sentiment on Friday. In addition, there was another round of SPR release rumors late in the week. The declines in the WTI front-month contract meant little to the citizens of the New York metro area, where refinery shutdowns, gasoline shortages and frozen public transport created lines at gas stations the likes of which have not been seen since the oil embargos of the 1970s. 

- Oil majors Shell, Chevron and Exxon saw declining production in their third quarters, however their fiscal results diverged. Exxon's results were well above expectations thanks to the refining business: profits from refining more than doubled to $3.2B while exploration and production's profit fell nearly 30% to $5.97 billion. Shell's upstream and downstream profits fell from last year. Chevron missed earnings expectations as net income dropped sharply on a y/y basis, with the downstream operation seeing elevated costs for maintenance plus a big negative impact from the outage at its Richmond refinery. Chesapeake Energy met earnings expectations in its Q3, however it reported a net loss after write downs of the value of some natural gas assets. Production was up nearly 25% y/y. 

- With Sandy's heavy impact front-and-center in the media, insurance names were very much in the spotlight. In earnings, MetLife and Allstate widely beat expectations, Allstate by a wide margin. Analysts believe that Allstate has a huge exposure to overall damages from Hurricane Sandy that are said to be running at around $15B. On the earnings conference call, the CEO said it was too early to say what the impact of the storm would be on the company, although he had commented to CNBC earlier that the catastrophe would not have a "material impact" on Allstate's "overall financial condition." AIG did very well in Q3, with profits up sharply on a y/y basis, beating expectations. Despite the quarterly results, traders sold some names on presumed exposure to damages from the storm. Allstate was down 6% on the week, Travellers was down 5% and Ace was down 3%, while other property and casualty insurers were more or less unchanged. 

- October same-store sales reports by and large continued the slow-growth picture seen in the September reports. However, Hurricane Sandy's impact cast a shadow over many retail names facing store closures and lost sales. Costco, Nordstrom and Rite Aid all said November sales would suffer because of store closures. Analysts pointed out that the course of sales in the month of November is mostly dictated by holiday sales, especially black Friday. Note that Limited Brands saw a rare SSS miss, with comps up 3% compared to expectations for +5%. 

- In FX trading, EUR/USD broke out to eight-week lows through Friday afternoon. Earlier in the week the pair was contained within a tight range between 1.29 and 1.30. Dealers were a bit jittery ahead of Eurogroup conference call on Greece mid-week as the coalition government in Athens began splintering while deputies threatened to defect rather than vote for the new package of austerity needed to obtain the next tranche of funding. There were also concerns about a proposal to cut the country's public debt via a bond buyback, which raised questions about whether banks holding Greek debt would need to be recapitalized. Disappointing manufacturing PMI data from Spain highlighted the extent of the economic contraction in the country. - In Japan, the BoJ expanded its asset purchase program by ¥11T to ¥91T, roughly in line with the amount speculated by the press in a leak late last week. This marks an unprecedented second consecutive month of expanded QE out of Japan's central bank, which is increasingly intent to douse JGB markets with liquidity amid the escalating budget standoff between the Noda administration and the opposition seeking a prompt national election date. The BoJ also cut its economic assessment yet again, noting the global slowdown is more evident in falling exports and industrial production. Japanese yen weakened across the board, as USD/JPY topped the ¥80 handle once again, rising to a 6-month high above ¥80.65 on Friday following better than expected US jobs report. Out of China, the official October Manufacturing PMI returned to expansion territory at 50.2 after two months of contraction. Improving data out of Beijing combined with higher than expected CPI data from Australia last week helped send AUD/USD back above the $1.04 handle this week, and should make the anticipated RBA rate cut on tap for Monday a much closer call.

 TradeTheNews