Nov 21 2012

Pretty much empty day with narrow range, lacking in both volatility and volume. We decided to skip Friday as trading is not likely to offer much on that half-day, so Monday Nov 26 is the next trading session.


Session Time: Wed Nov 21 00:00:00 2012
01[09:02] {Threei}  robbers... http://goo.gl/f5eVC
[09:05] {dino} gm
01[09:05] {Threei}  dino :)
[09:12] {scottie} good morning
01[09:12] {Threei}  scottie :)
01[09:12] {Threei}  how's your wife?
[09:12] {scottie} She's OK now, but have to go back to the doctor this afternoon, tks for asking
[09:12] {cipher} gm
01[09:13] {Threei}  good to hear
01[09:13] {Threei}  cipher :)
[09:18] {Will49} gm
[09:18] {Beau} good morning
01[09:19] {Threei}  will, beau :)
[09:19] {Will49} This is a full day of trading right?
[09:20] {Will49} should say....trading, right?
01[09:20] {Threei}  yes, lol
01[09:21] {Threei}  so, anyone ever found themselves being shout at by a hummingbird?
01[09:21] {Threei}  http://goo.gl/f5eVC
[09:22] {Will49} excellent!
01[09:22] {Threei}  she was really scandalous
[09:22] {Will49} it is giving you the evil eye
[09:23] {Will49} how do you know it's a "she"?
01[09:23] {Threei}  that's nothing... when I came out to take the empty feeder off, two of them were really agnry
01[09:23] {Threei}  one was chirping in higher pitch... I assumed it was a she
[09:23] {Will49} :)
01[09:24] {Threei}  and when I was hanging refilled feeder back, one of them hovered less than 1 ft from my ear
[09:24] {Will49} eyeing your beard as a nesting place
01[09:25] {Threei}  lol
[09:27] {Raven} sigh
[09:27] {robbers} lol Will.
01[09:28] {Threei}  Raven... you don't consider them birds or what? :)
[09:28] {Raven} lol ... good story
[09:29] {ese} morning
01[09:29] {Threei}  robbers, you don't have facebook account?
01[09:29] {Threei}  ese :)
[09:30] {ese} neither do I
[09:30] {robbers} Yeah, just don't use it much, but I saw your photos yesterday.
[09:30] {Les} afternoon
[09:30] {ese} les
01[09:30] {Threei}  Les :)
[09:30] {Les} good evening and goodnight
01[09:30] {Threei}  you can subscribe to mine to see the updates
[09:30] {ese} afternoon?
[09:30] {ese} or ya right
[09:31] {ese} your on the other side
01[09:31] {Threei} Short Setup: FCX  .25 break hl
01[09:31] {Threei}  If holds  .35
01[09:32] {Threei}  trail to .31
01[09:33] {Threei}  out
[09:34] {ese} wow....that was interesting that one
[09:34] {Les} wow opened fusion with FB on screen...
01[09:35] {Threei}  rinse
01[09:35] {Threei} Short Setup: FB  .40 break
[09:36] {Will49} ripper
[09:36] {Les} .70 half pivot
[09:36] {Les} .85 r3
01[09:36] {Threei} Short Setup: FB  .60 break
01[09:36] {Threei}  If holds  .70
[09:37] {Les} 2nd entry?
01[09:37] {Threei}  on the same setup
01[09:38] {Threei}  FCX is dirty rotten scoundrel
[09:39] {Les} seen that film once
01[09:39] {Threei} Short Setup: SLW  .05 break
01[09:39] {Threei}  If holds  .15
[09:39] {dino} funny movie
01[09:40] {Threei}  both invalidated
[09:42] {ese} L btu .01
[09:42] {dino} clf hl l .68
01[09:43] {Threei} Long Setup:  RIG  .30 break hl
01[09:43] {Threei}  If holds  .20
01[09:43] {Threei}  Invalidated
[09:43] {Les} damn no .85 dt to work with on FB
[09:44] {Les} unless those two 1 min. candles was it?
01[09:44] {Threei}  meh
[09:44] {Will49} is this market fast cause neom's away? :)
01[09:44] {Threei}  questionable setup
[09:44] {Les} k
[09:44] {Les} last thing i want
[09:44] {Will49} nemo
[09:45] {dino} clf stop -.24
[09:46] {ese} hmmmmmmm...wondering if I should have at least taken 1/2 at .15 to .17
[09:46] {ese} out .01 +/- .00
[09:47] {Les} vwap is here ese.
[09:47] {dino} ppo spike, thinny
[09:47] {ese} ya see that.......sypders going against me
01[09:48] {Threei} Short Setup: FB  .70 break
[09:48] {ese} error in judgement on my part this morning
01[09:48] {Threei}  If holds  .80
01[09:49] {Threei}  change to .75 break
01[09:49] {Threei}  If holds  .85
[09:49] {ese} L btu .94
[09:50] {ese} agressive entry
01[09:50] {Threei}  this is valid double top
[09:51] {ese} \counting on sypders
[09:51] {Les} dt or lower high?
[09:51] {dino} de gap around 81.26
01[09:51] {Threei}  both
[09:51] {ese} yup
01[09:51] {Threei}  double top with lower second top
[09:51] {Les} k
01[09:52] {Threei}  1 cent to 1:1... if very skittish, trail stop to .82
[09:54] {Les} out and back in and half out
[09:54] {ese} rats stopped .79 -,16
[09:54] {ese} btu
[09:54] {ese} was a good run for a week and a bit
[09:54] {dino} zlc hl l .21
01[09:55] {Threei}  *(US) NOV FINAL UNIVERSITY OF MICHIGAN CONFIDENCE: 82.7 V 84.5E
01[09:55] {Threei} Long Setup:  AIG  .40 break
[09:56] {ese} in .40
[09:56] {ese} agressive
[09:57] {ese} my personality this morning what can i say
01[09:57] {Threei}  kind of that hummingbird....
[09:57] {ese} ?
01[09:57] {Threei}  http://goo.gl/f5eVC
01[09:58] {Threei}  yelled at me for not refilling its feeder in time
[09:58] {ese} awesome picture
[09:59] {ese} aig .35 stop
[09:59] {Les} out FB 2nd half flat. feels like new break coming
01[10:00] {Threei}  *(US) OCT LEADING INDICATORS: 0.2% V 0.1%E
[10:00] {ese} stopped aig .35 -.05
[10:00] {Les} on the booze already ya bum
[10:01] {nemo} Of course...I'm in south jersey
[10:01] {ese} hmmmmmmmm......it's one of dem days
[10:01] {nemo} strated drinking at 2:38 am when I got here
[10:01] {Les} wasn't that state washed into the sea?
[10:01] {nemo} up near NY, yeah
01[10:01] {Threei}  you must really like your brokwer ese... buying before trigger, selling before stop :)
[10:02] {ese} .05 was good for the number of shs i had going
[10:02] {ese} and no.........can't stand them
01[10:03] {Threei}  - Conference Board: "Based on current trends, the economy will continue to expand modestly through the early months of 2013. Hurricane Sandy, which is not yet fully reflected in the LEI, will likely adversely affect consumer spending and home building in the short-term, but it's too soon to gauge the net impact. In addition, the outcome of the fiscal cliff debates is another factor which could alter the outlook."
[10:03] {ese} these days come along periodically...........one has be to at one with them..........
[10:03] {ese} did I just that........i have to be nuts
[10:04] {thomcbell} fb feels higher
01[10:04] {Threei}  yeah
[10:06] {dino} zlc to .44
01[10:06] {Threei} Long Setup:  CAT  .90 break
[10:06] {dino} 07 red
01[10:06] {Threei}  If holds  .80
[10:07] {dino} still red
[10:08] {ese} Les........you using free stock charts for vwap calculation........thats what i've been using since nemo put me on to it
[10:08] {Les} cool
[10:08] {ese} .com
[10:08] {dino} me too ese
01[10:08] {Threei}  come on kitty, move
[10:09] {ese} it's a great deal
01[10:09] {Threei}  wityh any SPY bounce 1:2 at least, possibly 1:3
[10:09] {ese} free
[10:09] {dino} cannot get better
01[10:09] {Threei}  come on guys... of copurse it can
01[10:10] {Threei}  they can pay you for using them
[10:10] {dino} zlc to .49
01[10:10] {Threei}  why do you settle
01[10:10] {Threei}  demand what's rightfully yours
01[10:10] {Threei}  write to them and insist on 5K a month for using their site
[10:10] {dino} to .59
[10:11] {dino} out zlc slippage. 58, +.37
[10:15] {ese} gotta go all......have a great day....see you tomorrow
01[10:15] {Threei}  1:1
01[10:15] {Threei}  take care ese
[10:18] {thomcbell} long small fb looking for 24.10
01[10:18] {Threei}  AIG is valid again
01[10:18] {Threei}  thought of pullback entry but it never gave any setup there
[10:19] {Les} ditto thomc
01[10:19] {Threei}  clear sky above, CAT
01[10:20] {Threei}  1:2
[10:20] {scottie} cat +.18 tks Vad
01[10:20] {Threei}  :)
[10:20] {Will49} .21 tks
01[10:21] {Threei}  yw
01[10:22] {Threei}  1:3, out
[10:23] {Les} out fb flat
01[10:27] {Threei}  (IR) Iran Central Bank: have significantly increased gold reserves, have avoided major negative impacts to the economy from international sanctions
[10:27] {Les} l tna .95
[10:27] {Les} half out .05
[10:27] {Les} stop to b/e
[10:28] {nemo} what's volume like this morning?
01[10:29] {Threei}  not catastrophically low but on a lowish side
[10:30] {Will49} wow... 6 syllables!
[10:31] {Will49} high of the day
01[10:31] {Threei}  hmmm
01[10:31] {Threei}  I need to back off
01[10:31] {Threei}  speak in singles
[10:31] {Les} all out .98
[10:31] {Les} think we go lower
01[10:32] {Threei}  look at CAT
[10:33] {Will49} no...i refuse
01[10:33] {Threei}  I understand
01[10:33] {Threei}  dog people might not want to
[10:34] {nemo} tree good fire bad
01[10:34] {Threei}  yes
01[10:35] {Threei}  that's my neanderthal speak
[10:35] {nemo} Can't remember the last time I started drinking at 3 am
[10:35] {Will49} no wonder you can't remember
[10:35] {Les} why didn't u just stay at home and drink?
[10:36] {Will49} scottie and I kick the CAT
[10:36] {dino} 7 hour shift, thats pretty good nemo
01[10:36] {Threei}  1:frikin 7
[10:37] {Les} crap so much for me thinking
[10:38] {nemo} huh?  visit this side of the family on Thanksgiving...they can put up with me for a couple of days once a year
[10:38] {Les} you've got family?
01[10:38] {Threei}  but they expect medal for that
[10:39] {nemo} Yeah, once in a while one or two of them end up institutionalized for a week or two
[10:39] {thomcbell} out FB
01[10:39] {Threei}  wtg
[10:40] {nemo} I'm looking at FSC...pretty quiet
[10:40] {nemo} looks like a short might be setting up on spy spxu
01[10:41] {Threei} Long Setup:  BBY  .70 break
01[10:41] {Threei}  oops, late
[10:41] {nemo} tza here if it breaks trend, only think iwm pivot at .11
01[10:41] {Threei}  ok, valid
01[10:41] {Threei}  same setup
01[10:41] {Threei}  stop under .60
01[10:41] {Threei}  target 1:2
01[10:43] {Threei}  nope
[10:45] {scottie} GME l .75
[10:46] {scottie} ?
01[10:46] {Threei}  I'd rather try for aggressive near .70 with stop undr .65
01[10:47] {Threei}  late for that...
[10:47] {Les} TZA long here?
[10:48] {Les} .91?
01[10:48] {Threei}  can't tell
01[10:48] {Threei}  no firm read on SPY
[10:49] {scottie} swn l .10 ?
01[10:50] {Threei}  chart is right... market is near the lows...
[10:50] {dino} sm l bidu .05
[10:50] {scottie} missed it
01[10:54] {Threei}  LOL:
01[10:54] {Threei}  PIMCO ?@PIMCO
01[10:54] {Threei}  Gross: OBAMA pardons the wrong Turkey. Congress with its fiscal cliff and debt ceiling antics should have been eaten on Nov 6th.
[10:55] {nemo} looking like no momentum either way...surprse
[10:56] {dino} gut says up
[10:57] {dino} out bidu .45, +.40
01[10:57] {Threei}  mine is totally silent
[10:57] {dino} actually hungry, ran out of peanuts
[10:57] {Les} got 3 min bullish divergence on spy. could be up
[10:59] {dino} lxu drop thinny
[11:00] {Les} VWAP is serving as resistance for every attempt SPY makes
[11:01] {scottie} ev l .60 if holds .50 ?
01[11:02] {Threei}  yes, but from under .50 would be even better
01[11:02] {Threei}  if holds .40 of course
[11:03] {scottie} in .52
[11:10] {dino} tlys l .81
[11:13] {dino} lxu drop
[11:15] {scottie} out -.15
[11:16] {dino} lxu sm l .85
[11:17] {Les} RIG
01[11:21] {Threei}  - US stock trading is fairly quiet ahead of the Thanksgiving holiday. Indices opened near the flat line despite EU and IMF officials being unable to come to a resolution on Greece at last night's finance ministers meeting. US Treasury markets are seeing some selling for the second straight session as some speculate traders are unwinding positions ahead of thinner holiday trade, as well as potentially reacting to some of the more positive comments made by Fed Chairman Bernanke yesterday. Reminder, US stock and bond markets are closed tomorrow and both close early on Friday
01[11:22] {Threei}  which btw requires a decision by us
01[11:22] {Threei}  do we want Fri trading?
[11:22] {nemo} interesting...financials are weak
[11:22] {nemo} no
01[11:22] {Threei}  your decision guys
[11:23] {nemo} that will be a lesson in futility unless something blows up
[11:23] {dino} most likely not
01[11:23] {Threei}  who wants to trade half day on Fri, raise your hand
01[11:23] {Threei}  if none are raised, I'll sleep in
[11:23] {Will49} no preference
[11:24] {Will49} why not trade?
[11:24] {scottie} long weekend is ok for me
01[11:25] {Threei}  not very likely to produce any readable activity will
[11:25] {Will49} ok then, i vote to sleep in
01[11:25] {Threei}  half day between the holiday and weekend
01[11:25] {Threei}  turkey-filled stomachs
01[11:25] {Threei}  the only reason the market is open at all is 3 days rule
[11:26] {Will49} and people drinking till 3 am
01[11:26] {Threei}  right
01[11:26] {Threei}  let's do this:
01[11:26] {Threei}  in Thu evening, or overnight you hear something extraordinary in the news,
01[11:27] {Threei}  like full-blown war, EU self-dissolving, Congress self-dissokving, FED admitting 100 years of gross incompetence,
01[11:27] {Threei}  Justin Bieber marrying Celine Dion
01[11:28] {Threei}  etc
01[11:28] {Threei}  come in
[11:28] {scottie} or Vad not swearing not to eat bacon ever
[11:28] {scottie} Vad swearing
01[11:28] {Threei}  right
01[11:28] {Threei}  otherwise, don't bother
[11:28] {Will49} nemo taking a pledge of abstaining from insults
[11:29] {Will49} although he has mellowed, no?
[11:29] {scottie} NCR l .55 ?
01[11:30] {Threei}  nah, too narrow
[11:30] {scottie} ok
01[11:35] {Threei}  My sense of humor is warped, granted - but surely I can't be the only one who finds this funny:
01[11:35] {Threei}  (GR) According to Troika Baseline Scenario, Greek debt to fall to 144% by 2020 and 133% by 2022, 111% by 2030 from current 170% level without extra debt reduction measures
01[11:35] {Threei}  2030?
01[11:36] {Threei}  "sheik or donkey or I will be dead by then"
[11:36] {dino} why don't they just default?
01[11:37] {Threei}  this is EU... if they can duct-tape the head to the neck, they will
[11:37] {Will49} funny but sad
[11:38] {dino} had to adjust, but out lxu .82, +.40
01[11:38] {Threei}  the very idea that Greece can live like this till 2030 is beyond ludicrous
[11:39] {Will49} they are a case study of "me first" attitude in western societies
01[11:41] {Threei} Short Setup: LVS  .45 break
01[11:41] {Threei}  If holds  .55
[11:43] {thomcbell} they are trying to break out fb here
[11:43] {thomcbell} pretty powerful pattern on daily chart
01[11:44] {Threei}  yes
[11:44] {scottie} gotta go now, see you all monday
[11:44] {Will49} see ya scottie
01[11:44] {Threei}  take care scottie, best wishes to your wife
[11:45] {scottie} will
[11:45] {scottie} tks Vad
01[11:49] {Threei}  ok guys, there is no financial crisis, or any other kind of crisis... this is all a lie
01[11:49] {Threei}  no nation in times of any kind of crisis can focus on this:
01[11:49] {Threei}  http://goo.gl/F4BhM
[11:52] {Will49} Greeks probably thought that one up
[11:52] {Will49} what would Zorba say?
[11:52] {Les} outta here Vad. Might check in for last hour.
01[11:52] {Threei}  what ever happened to that thing, you know... called sanity
01[11:53] {Threei}  last seen decades ago
[11:53] {Will49} wait till you get a bit older Vad
[11:53] {Will49} and really join the "world is going to hell in a handbasket" set
01[11:53] {Threei}  if my grumpiness will increase at the ame rate as before, not looking forward
[11:54] {Les} "Unless you’ve been there, and you can’t find shoes, and you’re in pain, don’t judge"
[11:54] {nemo} I look forward to anarchy, but I have to buy more bullets first
01[11:54] {Threei} Long Setup:  LVS  .60 break
01[11:54] {Threei}  I'll be right behind you nemo, reloading
01[11:55] {Threei}  zombie apocalypsis seems the be the only thing to look forward to
[11:56] {dino} stj bloody
01[11:58] {Threei}  target 1:2
[12:00] {dino} boil, igaz spikes
[12:01] {Will49} apocalypsis= too much botox in lips
01[12:05] {Threei}  now I understand why there is no word apocabreastsis
[12:05] {Will49} lol
[12:05] {Will49} you DO have a warped sense of humour
[12:06] {Will49} but a very intellectual one
[12:06] {nemo} apocomammaris
[12:06] {nemo} oh jeez
[12:06] {Will49} yes:)
[12:06] {Les} I think we're bored
[12:06] {Will49} ya think?
[12:06] {nemo} Will...he'll hurt himself
[12:07] {Will49} who?
[12:08] {Will49} stop it you guys! I can't concentrate on the 100 shares I have at risk
[12:09] {thomcbell} shortsetup FB 24.40 break if holding 24.50
[12:10] {nemo} our resident Mensa (not) candidate
[12:11] {thomcbell} target 1:2
[12:11] {nemo} ballsy thom
[12:11] {Will49} yahoo half out LVS
01[12:13] {Threei}  1:1
[12:14] {dino} out tlys .94, +.13
[12:20] {thomcbell} fb invalidated
[12:24] {nemo} usually don't see selling pressure on days like today
01[12:24] {Threei}  no
01[12:25] {Threei}  they tend to levitate
[12:25] {dino} lol, this market hasn't been usual in years
[12:25] {nemo} you can run prices up without committing too much capital
[12:25] {dino} never any afternoon volume
[12:25] {nemo} of course it's usual
[12:25] {nemo} well, can't compare 2007-2010 to "usual"
[12:26] {nemo} I remember the first cracks in February 2007 when the mortgage companies started to go
[12:26] {dino} yeah, they were some crazy days
[12:26] {nemo} those are the ones I wouldn't consider "usual"
[12:26] {dino} i remember -300 pt dji days would happen every week
[12:27] {nemo} Remember coming in limit down?
[12:27] {dino} yes
[12:27] {nemo} or how about taking dramamine just to watch the skf chart
[12:27] {nemo} pre fas/faz days
01[12:27] {Threei}  (IS) Egypt Foreign Min and US Sec of State begin news conference on Gaza; confirm cease fire
[12:27] {Les} FB
[12:27] {thomcbell} duh
[12:28] {thomcbell} had to play it by the book
[12:28] {dino} cease fire until hamas lobs another rocket over
[12:28] {Will49} Hillary for POTUS
[12:28] {Will49} not!
[12:28] {nemo} I was contemplating hunting you down
[12:28] {dino} lol
[12:29] {dino} well it is the season
01[12:29] {Threei}  guess who far left started demonizing over last couple days
[12:29] {nemo} yeah, but I don't have an "idiot" permit
[12:29] {dino} christie?
01[12:29] {Threei}  no... Rubio
01[12:29] {Threei}  mystery to me how ou can demonize him, but they manage
01[12:30] {Threei}  ok read this guys, and tell me, how is it not a digging deeper hole:
01[12:30] {Threei}  ECB said to be satisfied with plan to recapitalize Greece banks - financial press- Under the terms of the plan, viable Greek banks will issue shares and convertible bonds. If private investors fail to buy at least a tenth of the new shares, the lenders will fall under the control of the HFSF, a bailout-financed fund which will buy most of the new shares and all of the convertible bonds. - The banks' new shares are to be priced at a 50 percent discount to the average price 50 days prior to the offering. - Source TradeTheNews.com
[12:31] {Les} deeper hole for who?
[12:31] {Les} looks good for bankers and creditors
[12:31] {dino} in order for greece to ever save itself, it must get out of the euro, so it can devalue (montize) the debt
01[12:32] {Threei}  whoever backs this new credit, Les
[12:32] {Les} well that be us
01[12:32] {Threei}  there you go
[12:32] {Les} bitchin
[12:35] {Les} .30 b/d FB?
01[12:38] {Threei}  hard to tell... none of FB shorts worked yet
[12:38] {thomcbell} feels like u buy every rinse
[12:39] {Les} shorted at .37 before but with only 100 shares wanted VWAP at .00. should have sold and partialed on paper
[12:40] {Les} covered i mena
01[12:43] {Threei}  Egyptian foreign minister announces a cease-fire deal between Israel, Hamas to start at 9 pm Cairo time
01[12:43] {Threei}  that's when Hamas runs out of rockets I presume
01[12:43] {Threei}  need time to restock
[12:56] {Les} LVS .58 short?
[12:56] {Les} forget it
01[12:59] {Threei}  already did
01[13:05] {Threei}  (GR) Germany Fin Min Schaeuble reportedly supported a loan write down for Greece earlier in the week before rescinding support - financial press- Schaeuble supports a debt forgiveness program that is gradual beginning in 2015 assuming Greece keeps its promises
[13:15] {dino} zzzzzzzzzzzzzzzz
[13:16] {dino} not much moving
01[13:21] {Threei}  watching FB for breakout
01[13:25] {Threei} Long Setup:  FB  .50 break
01[13:25] {Threei}  If holds  .40
01[13:35] {Threei}  we seem to tuck in second place... you guys don't click enough
[13:40] {Les} oops will hop to it
[13:41] {Les} hmmm noticed they're asking first and last name now
01[13:45] {Threei}  hmmm
[13:46] {Les} FB on again?
01[13:48] {Threei}  yes
01[13:48] {Threei}  I use the same registration I have, so they don't ask for anything
01[13:54] {Threei}  guys, anyone interested in options trading, cc_8 is about to start offering that
01[13:56] {Threei}  FB looks better and better for an all-out break
[13:57] {Les} intraday options trading?
01[13:58] {Threei}  why not
[13:59] {Les} enjoyed limited success in 2011 with options
[14:00] {dino} i trade a couple/month
[14:00] {Les} just wondering if there are any amateurs left in the options tank
[14:00] {Les} or sharks only
06[14:08] * Les smacks Nemo around with a 10yr old Macallan triple casked
[14:09] {Les} I am happy to help America celebrate its fets
[14:09] {Les} fetes
[14:11] {Will49} Canadians would like to help you celebrate by sending you some oil thru XL pipeline
[14:16] {Will49} the day XL is approved, we'll then have a second thanksgivivng day to celebrate up here
[14:18] {Les} http://peakenergy.blogspot.ch/2008/02/empire-from-tub-of-goo.html
[14:18] {Les} dunno, looks like more trouble than its worth
[14:19] {Will49} time will tell
[14:19] {Les} sure
[14:20] {Les} personally I think we're all fu/&%d
[14:21] {Will49} you're sounding like someone from my generation
[14:21] {Will49} team Clint Eastwood
01[14:22] {Threei}  tar sands are developing and will be
[14:22] {Les} difference being I'm young enough to see what goes down in 30 years time
01[14:22] {Threei}  if US won't buy the oil, China will
[14:23] {Will49} yeah Vad...you tell that young whippersnapper
[14:23] {Beau} bet a whole dollar XL will approved no later March
01[14:23] {Threei}  I think so too
[14:23] {Will49} no takers on that bet
[14:24] {Les} http://tinyurl.com/bc6dwwj
[14:24] {Les} just what beijing needs
[14:24] {Les} more oil
[14:24] {Will49} customer is always right
[14:24] {Beau} the terminus is 7 miles north of here. XL size and requiremets being laid to OK
[14:25] {Beau} Oil from there to here.  if you look at map, very close to proposed XL route
[14:25] {Will49} a thing of beauty
[14:26] {Les} bought our condo next to a light rail station. No regrets when oil has tripled in cost. And oil here is over $6 a gallon
[14:26] {Will49} gas
[14:26] {Les} petrol
[14:27] {Les} queens english
[14:27] {Will49} $5 here in BC
01[14:28] {Threei}  OK FB
01[14:28] {Threei}  break already
[14:28] {Will49} are we still on for FB?
01[14:28] {Threei}  I think so, it's one of those on again - off again
[14:28] {Will49} no kidding
[14:29] {Les} about $7.20 here now then
01[14:29] {Threei}  this is... hystreically ridiclous:
01[14:30] {Threei}  Celebratory gunfire heard in Gaza after cease-fire agreement
[14:30] {Will49} Hillary for pres
[14:30] {Will49} eh nemo?
01[14:31] {Threei}  Celebratory gunfire for cease-fire agreement
01[14:31] {Threei}  this is right next to "warning shot to the head"
[14:31] {Will49} now that's funny
01[14:32] {Threei}  or that famous "new russian" joke...
01[14:32] {Threei}  when a guy phones emergency and shouts "my neighbour is dead! come and help"
01[14:33] {Threei}  operator says "well, first mke sure he is dewad"
01[14:33] {Threei}  guys after some hesitance says OK, operator heard gunshot, guy says "now I am totaly sure"
[14:33] {Will49} lol
01[14:33] {Threei}  heard = hears
01[14:36] {Threei}  or, "as my grandma always said, better to shoot, reload and shoot again than point your flashlight and ask who is there"
01[14:36] {Threei}  that shoyuld be right up nemo's alley
[14:37] {dino} calling it a week. thx all, have a happy thanksgiving. taking monday & tuesday off
[14:37] {Les} cheers
[14:38] {Will49} have fun dino
01[14:38] {Threei}  have fun dino
[14:38] {dino} thx
[15:01] {Les} enjoying the opening scene of master and margarita
[15:01] {Les} think I'm gonna enjoy this
01[15:02] {Threei}  just wait
01[15:02] {Threei}  you've no idea
[15:02] {Will49} movie?
01[15:02] {Threei}  they don't casll it one of the greatest books ever written for nothing
[15:06] {Les} l .47 spy stop under .40
[15:24] {Les} stop -.01 big fat turkey for market finish
01[15:45] {Threei} Short Setup: GDX  .90 break
01[15:45] {Threei}  last scalp
01[15:45] {Threei}  If holds  .95
01[15:54] {Threei}  meh
01[15:54] {Threei}  empty day
01[15:54] {Threei}  let's have a long weekend guys
[15:54] {Will49} see ya Monday
01[15:54] {Threei}  happy Thanskgiving
[15:54] {Les} cheers
01[15:54] {Threei}  see you all Monday

Nov 20 2012

Nice day, and this reversal has been nailed with notable precision:

Session Time: Tue Nov 20 00:00:00 2012
[08:54] {nemo} so why is gmcr so happy?
01[08:55] {Threei}  new CEO
[08:57] {scottie} good morning
01[08:57] {Threei}  scottie :)
[08:58] {scottie} My wife was admitted to the hospital last night, so I'll be in and out for a while
[08:58] {thomcbell} hope all is ok Scottie
01[08:59] {Threei}  sorry scottie... hope nothing serious
[08:59] {scottie} Liver problems, she'll run some tests this morning, we should know more from ther
[09:00] {scottie} Leaving now, have a good start
[09:00] {nemo} I know it's against my nature ;-) but, best wishes good luck
[09:00] {dino} gm
01[09:00] {Threei}  dino :)
[09:00] {scottie} thanks nemo, my arms just fell to the floor
01[09:00] {Threei}  best wuishes scottie, let us know
[09:01] {scottie} yep
[09:01] {nemo} don't bump your head when you fall over then
[09:05] {cipher} gm
01[09:05] {Threei}  cipher :)
[09:06] {nemo} o.k.  I think I've recovered
[09:12] {dino} dumb question. my toolbar was changed from microsoft. how do i get it back?
01[09:12] {Threei}  toolbar?
01[09:13] {Threei}  on what program?
[09:13] {dino} somehow aol took over the top line. lost my favorites etc
01[09:13] {Threei}  in browser?
[09:13] {dino} yes
01[09:14] {Threei}  wow... is it IE?
[09:14] {dino} it was
01[09:14] {Threei}  ?
01[09:14] {Threei}  what is it now?? :)
06[09:15] * nemo smacks dino with an anti-microsoft engraved 2x4
[09:15] {nemo} should still be IE, did you download something?
01[09:15] {Threei}  it's the same browser. Internet, Explorer, but the toolbar disappeared?
[09:16] {dino} yes
01[09:16] {Threei}  try right click on the blue bar
01[09:16] {Threei}  in dropdown menu there should be a few toolbars listed
01[09:16] {Threei}  Menu bar
01[09:16] {Threei}  Favorites var
01[09:16] {Threei}  Command bar
[09:16] {Beau} good morning
01[09:17] {Threei}  pick what you need and check it
01[09:17] {Threei}  Beau :)
01[09:17] {Threei}  it should come back
01[09:17] {Threei}  and if there is AOL bar in the list, uncheck it
[09:19] {dino} thanks. can find favs but now must right click for them
01[09:20] {Threei}  heck, if they are not lost it's 3/4 of the battle won
01[09:20] {Threei}  use that menu to configure things, get rid of crap you don't want
[09:20] {ese} morning
01[09:20] {Threei}  also, look for the start on your bars
[09:20] {Will49} gm
01[09:21] {Threei}  ese, will :)
01[09:21] {Threei}  not start, sorry - star
[09:21] {ese} will vad
01[09:21] {Threei}  that's symbol for favorites, icon shortcut
01[09:21] {Threei}  could be they hid behind it
[09:22] {ese} am playing a concert up your way today vad in Sidney......at the Mary Winspear Theatre.........2:30
01[09:22] {Threei}  some event?
[09:22] {ese} Victoria Palm Court Orchestra
01[09:22] {Threei}  so guys, remember I said recently if I were to look for a swing trade, HPQ short would be it?
01[09:22] {Threei}  have a look at it
[09:23] {ese} It's a smaller version of the Victoria Symphony.......it plays British Light Classical stuff....ya comin?
01[09:23] {Threei}  ummm... vodka? cigars? girls?
[09:24] {ese} ahhhhh ya sure........all three
01[09:24] {Threei}  I am not much of a music man, you know... mostly for surrounding enetratainemnt :)
[09:24] {ese} not
[09:24] {robbers} Vodka.  Cigars.  Girls.   Hat trick.
[09:24] {ese} oh well........was worth a try.........how bout Will
[09:25] {dino} ok, got it back
[09:25] {thomcbell} Vad likes Asian philosophy, photography, trading, and of course vodka and bacon
[09:25] {Will49} would love to but have commitment after market closes
[09:25] {ese} Will.....Will...........WWWWWWIIIIIILLLLLLLLL!!!!!!!
01[09:25] {Threei}  cograts dino :)
[09:25] {ese} hmmmmmmmm
01[09:26] {Threei}  tbell... do not leave girls out
[09:26] {thomcbell} ok fair enuf
[09:26] {ese} lol
01[09:26] {Threei}  think I go to photograph ese concerts for the music?
01[09:26] {Threei}  HAH!
[09:26] {ese} hmmmmmmmmmmm
01[09:27] {Threei}  so, on top of all HPQ has accounting irregularities now
[09:28] {Les} afternoon
01[09:28] {Threei}  les :)
[09:28] {ese} for a company that makes 120 billion a year it sure is getting hammered
[09:28] {ese} even for all it's short comings
01[09:29] {Threei}  so are Best Buy and JCPenny
01[09:29] {Threei}  and twitter is as brutal as ever:
01[09:29] {Threei}  "I'm going to Best Buy today to get a Hewlett-Packard copier, so I can print some JCPenney coupons," said no one.
01[09:29] {Threei}  lol
[09:30] {robbers} lol
[09:30] {ese} that is funny
01[09:31] {Threei} Long Setup:  HPQ  .60 break
01[09:31] {Threei}  If holds  .50
[09:32] {Les} jeez talk about going to zero
[09:32] {ese} what are you looking at les
01[09:32] {Threei} Long Setup:  FCX  .90 break hl
01[09:32] {Threei}  If holds  .80
01[09:34] {Threei}  anyone faded HPQ?
01[09:34] {Threei} Long Setup:  HPQ  .50 break
01[09:34] {Threei}  If holds  .40
[09:34] {ese} not yet
01[09:35] {Threei}  target 1:3
01[09:36] {Threei}  FCX looks ready
01[09:36] {Threei}  holding well
01[09:37] {Threei}  1:1 HPQ
01[09:37] {Threei}  on these huge dumpers real bounce tends to occur early... then gravity often takes over
01[09:37] {Threei}  so let's squeeze what we can out of it
01[09:37] {Threei}  1:2
01[09:37] {Threei}  FCX 1:1 if you got it
[09:37] {ese} Les...you there........what were you refering to with the talk about going to zero comment
[09:37] {Les} HPQ
[09:38] {Les} what news?
[09:38] {ese} L btu .33
01[09:38] {Threei}  I missed FCX but not sure whether it was obtainable, was busy with HPQ
[09:38] {Will49} tks Vad 1:2
01[09:38] {Threei}  accounting improprieties Les
[09:39] {Les} LOL
01[09:39] {Threei}  on which one will?
[09:39] {ese} out 1/2 .50 awesome +.17
[09:39] {Will49} HPQ
01[09:39] {Threei}  FCX is 1:2 as well :)
01[09:39] {Threei}  ok
[09:39] {Will49} missed
[09:39] {Les} like your stock ese it's a mover
[09:39] {ese} stop to break even
[09:39] {Will49} simple mind can onlty watch one at a time
[09:39] {ese} i'll say...........today it is
[09:40] {ese} out in full .53
01[09:40] {Threei}  speak no of simple mind to me - I have just enough of grey matter to tell the difference between rake and shovel
[09:40] {ese} +.20
[09:40] {ese} damn....it really moved from .00
[09:40] {Will49} I can follow two trades after market settles
[09:40] {ese} almost missed it asking you a question les
[09:41] {cipher} bidu s .99
[09:41] {Will49} wtg ese
[09:41] {ese} tks
01[09:41] {Threei}  last 1/4 HPW stopped on a trail, .58
[09:42] {ese} will be able to have lunch out in Sidney before my concert today
[09:42] {ese} ummmmmmm...........second thought i'll just pop into vads place
01[09:42] {Threei}  lunch? OK, I may have to come (if you made enough for my lunch as well, that is)
[09:42] {Will49} vodka lunch will really get you swingi'
[09:43] {Will49} swingin'
01[09:43] {Threei} Short Setup: SLW  .70 break
01[09:43] {Threei}  If holds  .80
[09:43] {ese} ohhhhhh no...........no vodka lunch before playing with the symphony people
[09:45] {Les} l hpq .55
[09:45] {Les} half out .65
[09:46] {cipher} out bidu .95 +.04
[09:47] {nemo} mmmhhhh....cipher might have to hang around a while today
[09:47] {ese} L btu .26
[09:47] {nemo} watch gmcr bear flag, vwap at .90
[09:48] {cipher} tna l .20
[09:48] {ese} out 1/2  .36 +.10
[09:49] {ese} balance to break even
01[09:49] {Threei}  no go SLW
[09:51] {cipher} ibm l .20
[09:52] {cipher} out 1/2 tna .42 +.22
[09:54] {cipher} out rest tna .50 +.30
01[09:55] {Threei} Short Setup: GDX  .55 break
01[09:55] {Threei}  If holds  .65
[09:55] {ese} btu stopped balance .25 -.01
01[09:55] {Threei}  probably two-sided
[09:56] {ese} oh sure ya baaaaaaaassssstaaaaaaaaaaad...........shoot up there now
[09:57] {ese} thats better....people are loosing money...........perfect
[09:57] {Les} BTU giveth and BTU taketh away
[09:57] {ese} man btu is moving like grease lightning this morning
[10:00] {ese} L btu .30
01[10:00] {Threei}  SPY feels like drop is coming any minutes
[10:01] {ese} hmmmmmmm don't wanna hear that when i'm long
01[10:01] {Threei}  very laborous bounce, volume drops... any downtick occures on increasing volume
[10:01] {cipher} out ibm .53 +.33
01[10:01] {Threei}  and here we go
01[10:02] {Threei}  if loses .80, should go to .60 in a hurry
01[10:03] {Threei}  let's trail GDX to .61
01[10:04] {Threei}  SPY started convulsive moves; while my conviction is the same, it's easy to get caught in sharp backlash
01[10:05] {Threei}  target 1:3
01[10:05] {Threei}  1:1
01[10:06] {Threei}  play by the book
[10:06] {robbers} Nice calls on HP and GDX.
01[10:06] {Threei}  this is not a creative trade, rather cookie-cutter
01[10:06] {Threei}  ty
01[10:07] {Threei}  SPY... how was that for intuition?
01[10:07] {Threei}  1:2 GDX
01[10:07] {Threei}  sorry ese... I know it's not what you wanted to hear but reality is reality...
[10:08] {ese} true.................this is ok.......in 3rd time.....am long small
[10:08] {ese} diminishing returns and all that
01[10:08] {Threei}  http://goo.gl/cOfon
01[10:11] {Threei}  last 1"4 stopped on a trail
01[10:11] {Threei} Short Setup: HPQ  .45 break
01[10:12] {Threei}  If holds  .55
01[10:14] {Threei}  (IS) Ceasefire between Israel and Hamas could be signed in Cairo tomorrow - Israeli press
01[10:15] {Threei}  (EU) Italy's European Min: Ready to veto any EU budget that goes against Italy's interests
01[10:15] {Threei}  you tell them
[10:16] {nemo} next short area either here or .80ish
01[10:17] {Threei}  nice bounce HPQ
[10:19] {Will49} +.20 GDx tks Vad
01[10:20] {Threei}  :)
01[10:22] {Threei}  bastid SLW rinsed
[10:22] {cipher} bidu s .54
[10:24] {cipher} out .49 +.05
[10:26] {cipher} bidu s .44
01[10:31] {Threei} Short Setup: CAT  .05 break hl
01[10:32] {Threei}  If holds  .15
01[10:32] {Threei}  SLW, I can't believe it did this to us
[10:34] {cipher} out bidu flat
01[10:34] {Threei}  no worky
01[10:37] {Threei}  BBY... jeez
[10:37] {nemo} waning volume will likely push this market to 140
[10:40] {nemo} finnies up 1.5% and the $ is up...games today
[10:41] {Les} accounting irregularities there too vad?
01[10:41] {Threei}  no
01[10:41] {Threei}  just business going down the drain
[10:42] {Les} oh a gurgle
[10:43] {ese} gotta go all.......stop is in at the low of the day for btu .00 400shs......catch ya tomorrow
01[10:43] {Threei}  take care ese
[10:43] {Les} ciao
[10:43] {Will49} peace
[10:43] {ese} cya vad les will
[10:44] {Les} tripple top hpq?
[10:44] {nemo} iwm and spy set to drop, but the finnies aren't showing drop yet
[10:45] {Les} not sure if right chart pattern. perhaps just consolidation?
01[10:45] {Threei}  I don't view it as pronounced triple tope
01[10:45] {Threei}  range is not enough for that
[10:46] {Les} ok
01[10:47] {Threei} Long Setup:  IBM  .75 break hl
01[10:47] {Threei}  lol... disregard
[10:47] {dino} mstr hl l .80, gappy
01[10:47] {Threei}  blee through it as I wa typing
[10:54] {robbers} Vad, any new photos since you last posted a link?
01[10:55] {Threei}  I post singles on FB... when got swries, I post them on the blog
01[10:55] {Threei}  series that is
[10:55] {dino} mstr stop
01[10:58] {Threei}  if you can see http://www.facebook.com/vadym.graifer, scroll through it to view photos I posted
[11:01] {robbers} Cool, will take a look.
[11:09] {dino} clf hl l .50
[11:13] {nemo} tna argualby long here
[11:15] {nemo} not giving it much room
[11:15] {Les} in .27 half out
[11:15] {nemo} partialing here
01[11:16] {Threei}  - Trading has been choppy on both sides of the Atlantic as traders contend with multiple impactful stories this morning. In Europe, eurozone finance ministers are meeting this morning to discuss unfreezing �40B in aid payments for Greece. There are obviously hopes for a positive outcome, although dissenting voices have been heard, most notably from Finland. Moodys downgrade of France's sovereign rating, to AA1 from AAA, has had a limited impact. The French government shrugged off the move, although it has possibly delayed issuance of a three-year EFSF bond. In Israel, there is talk that the Netanyahu government is ready to sign a temporary ceasefire with Hamas as soon as tonight. In the US, there is an emerging consensus that the Democrats will likely force their approach to the Bush tax cuts on the House GOP.
01[11:17] {Threei}  too bad ese is not here, he would be happy to see this:
01[11:17] {Threei}  Another month, another excellent housing data point: the October housing starts reading hit its highest level since July 2008. Single-family home construction actually fell very slightly m/m, while apartment construction rose 10% m/m.
[11:18] {Les} quarter .47
[11:19] {nemo} watchint to see if finnies pop here, that'll bring the spy and IWM with it
01[11:19] {Threei}  good one Les
[11:19] {Les} nemo's call
01[11:19] {Threei}  and to think, you owe it to nemo...
[11:19] {nemo} Yeah, I'm just chopped nephrotic tissue
01[11:20] {Threei}  almost takes all the pleasure out of it {G}
[11:20] {Les} :)
[11:20] {robbers} Vad, on you FB page, is there a specific place for "new" photos?
[11:21] {nemo} or hepatic tissue, to be more accurate
[11:21] {nemo} 2n'd partial here
01[11:21] {Threei}  not really, just scroll down
[11:21] {Les} out .58 +.31
[11:21] {dino} gj
01[11:21] {Threei}  last few posts were not photos
[11:21] {Les} ty
[11:21] {robbers} wtg Les.
[11:22] {nemo} stop to .45ish
01[11:22] {Threei}  I need to finish some slideshows for friend's vacations, then hopefully work on some of photos from the summer (and post them) before hawaii will supply new batch :)
[11:22] {dino} out clf .74, +.24
[11:23] {nemo} or if finnies drop .75ish
[11:23] {nemo} fas, to be specific
01[11:23] {Threei}  actuallym this link will obviously be easier to navigate: http://www.facebook.com/vadym.graifer/photos_stream
[11:24] {robbers} Vad, what's the rough translation on the kitty cat poster?
01[11:24] {Threei}  click on any of the shots, and then use arrows
01[11:25] {Threei}  Only extremely busy one can truly enjoy lazy time
01[11:25] {Threei}  http://goo.gl/ujQOe
[11:25] {nemo} stop .60ish
[11:25] {robbers} Oh, so a message for us traders?
01[11:25] {Threei}  hehe
01[11:26] {Threei}  wow TNA
[11:26] {dino} ravn hl l .00
[11:26] {nemo} I don't leave until it gives me a reason
[11:26] {nemo} stop .65ish
[11:27] {Les} :(
[11:27] {nemo} young bull runs down, old bull walks down
[11:27] {Les} 1:5 in my book
01[11:27] {Threei}  Les, to capture this kind just trail last part
01[11:28] {Threei}  dopn't take it off the table until it either hits trailing stop or spikes vertically
[11:28] {Les} so trailing stop is with each partial I lift stop to prior partial?
01[11:28] {Threei}  just under
[11:28] {Les} k
01[11:29] {Threei}  and then last part you just trail
[11:29] {nemo} stop to .70ish
01[11:29] {Threei}  much like nemo does right now
[11:29] {Les} yeh
[11:29] {nemo} o.k. getting iffy here
01[11:29] {Threei}  when it spikes vertically, eother dump it or choke it
01[11:29] {Threei}  by tightening the trail
01[11:29] {Threei}  i.e., 5 cents instead of 10
01[11:30] {Threei}  you can see sometimes dino doing this
[11:30] {nemo} might see it consolidate around here for an afternoon break
[11:30] {Les} y
01[11:30] {Threei}  as stock nears his ultimate target his trails stop much closer
01[11:30] {Threei}  he trails
[11:30] {Les} getting there sensei
[11:30] {Les} slowly but surely
[11:31] {nemo} what am I frickin' animal on a Nature show?
01[11:31] {Threei}  slowly is good
[11:31] {Les} sorry Nemo
[11:31] {Les} only one boss in the house
01[11:31] {Threei}  lessons learned slowly sit with you forever
[11:31] {nemo} yeah, the ones that leave scars
01[11:31] {Threei}  rapidly adopted knowledge tends to dissipate easily
01[11:32] {Threei}  no time for true internalizing
[11:32] {nemo} yeah need to imbed it in more tissue, especially as I drink braincells away
[11:32] {nemo} which reminds me...
[11:35] {nemo} Hey Sheila, see how I looked at IWM SPY and the finnies for that one?
[11:36] {Les} god no I'm sitting fat dumb and happy rotating on my finger
[11:36] {Les} why would I be looking at charts for?
[11:36] {Les} :P
[11:36] {nemo} I'm sure you use the whole fist
01[11:37] {Threei}  TNA breaks .85, I'd trail to .74
[11:38] {Les} didn't see all charts. Just saw bullish divergence on 1 min chart as thrust to new low was made.
[11:38] {Les} was already aware of 3 min. potential
[11:38] {nemo} yeah, I'm at .70 anyway, finnies have been way stronger today, if they cave, everything is going
[11:42] {nemo} well, we're getting the consolidation, finnies are at a confluence level for me, so it's possible, outside the time of day, tna break above .85 is a long
[11:42] {nemo} with stop under .75
[11:44] {nemo} Natucket Sleigh Ride...
[11:45] {Les} damn we flyin
01[11:45] {Threei}  this is vertical I want to see
01[11:45] {Threei}  either exit or start choking it
[11:46] {nemo} I'm watching the finnies too
01[11:46] {Threei}  .89
[11:46] {nemo} yeah
01[11:46] {Threei}  breaks 52 - trail to .94
[11:46] {nemo} I'm thinking they try to drive the index higher
01[11:46] {Threei}  yeah, SPY is aout to take .20
[11:46] {nemo} and IWM is leading spy, which indicates bullishness
[11:46] {nemo} imo
[11:47] {nemo} and I'm still sober to boot
[11:47] {nemo} I would expect an attempted flush after this move
[11:48] {nemo} whoa...just had an image of Les swirling around in water
[11:52] {Les} I'll settle for wine
[11:52] {nemo} alright, that's gonna' be my stop
01[11:52] {Threei}  some crappy course overtook us on traderplanet as 1 place
[11:52] {nemo} wow...this is going better than expected
01[11:53] {Threei}  who is up for some additional clicking, feel free to do it anytime :)
[11:53] {nemo} link please
[11:53] {Les} did it this mornign I think
01[11:53] {Threei}  http://www.traderplanet.com/star-awards/vote
[11:54] {nemo} I'm tellin' ya' spy to 140
01[11:54] {Threei}  permanent instructions at http://www.realitytrader.com/traderplanet.html
01[11:55] {Threei}  (IS) Israel Govt Spokesperson: Truce with Hamas has not been finalized, negotiations are continuing- If stronger military action proves necessary to stop the constant barrage of rockets, Israel will not hesitate to do what is necessary to defend itself. - Hamas spokesperson: no truce deal yet but we are getting close.
01[11:56] {Threei}  (US) Reminder: Fed Chairman Bernanke scheduled to speak at Economic Club of NY at 12:15ET
[11:57] {nemo} stop to 52
[11:57] {nemo} this is the flush
01[11:58] {Threei} Long Setup:  TZA  .95 break
[11:59] {nemo} whoa, betting against me
01[11:59] {Threei}  no
[11:59] {nemo} we ain't there yet though
01[11:59] {Threei}  look at TNA from the point of view of 52 break
01[11:59] {Threei}  wouldn't you short that?
[11:59] {nemo} I understand, but I'll take it personally if I want to
01[11:59] {Threei}  that's TZA .95 break
01[11:59] {Threei}  oh, by all means
[12:00] {nemo} btw...you'll get more bang out of spxu
01[12:00] {Threei}  for a price though
[12:00] {nemo} see that on spy, don't think they're ready to drop
[12:00] {nemo} finnies aren't quite ready to turn over
[12:03] {nemo} finnies breaking highs
01[12:04] {Threei}  Dear Vadym,
01[12:04] {Threei}  Recently, you received an email indicating chosen as a potential candidate to represent your professional community in the 2012 Edition of Worldwide Who's Who.
01[12:04] {Threei}  We have yet to hear from you! This email simply serves as a FINAL REMINDER of your nomination for this selection period.
01[12:04] {Threei}  uh oh... I better hurry
01[12:05] {Threei}  after all, it's a FINAL REMINDER
01[12:05] {Threei}  not just some final reminder
[12:05] {nemo} well, I'm out
01[12:06] {Threei}  and it's worldwide... not just the neighborhood limited by ese on the south and will on the east
[12:06] {dino} out ravn .23, +.23
01[12:11] {Threei}  so, any of the following will do:
01[12:11] {Threei}  1. Israel/Hamas no truce
01[12:11] {Threei}  2, Ben saying "no balance sheet expansion"
01[12:11] {Threei}  3. EU saying no deal for Greece
01[12:12] {Threei}  any of those will take TZA to 1:2 in a blink of eye
01[12:15] {Threei}  so far so good
01[12:15] {Threei}  holding the line of trend reversal
01[12:16] {Threei}  (US) Fed Chairman Bernanke: There is some way to go until labor market is fully recovered; housing market has seen clear signs of improvement - Economic Club of NY- Inflation is generally subdued, to stay near 2% goal for several years
01[12:17] {Threei}  1:1
01[12:18] {Threei}  come on nemo, you can't remain oblivious to the precision of the reversal call
[12:19] {robbers} If TZA goes 1:2, you get my vote on traderplanet.
06[12:19] * Threei slaps nemo around a bit with a banner demanding recognition
[12:19] {nemo} congratulations
[12:19] {nemo} Now put your arm back in the sling
01[12:19] {Threei}  hmmm... that's a tough treshold to reach on relatively narrow thing TZA is... :)
01[12:19] {Threei}  but let's see
01[12:20] {Threei}  Ben's helping
01[12:20] {Threei}  - Financial Crisis has lowered potential of US GDP growth below 2.5% level. - US fiscal policy is a headwind for the economy, tighter federal spending is hitting GDP growth - European concerns have weighed on US asset prices.
01[12:20] {Threei}  ese would have been livid
[12:27] {nemo} Mos
[12:29] {Les} IWM back to support
[12:29] {nemo} and dual fib confluence
[12:31] {Les} sus of downside flush here
[12:32] {Les} from SPY
01[12:32] {Threei}  for Taoist Trader readers who remember meditation pdf, some very nice practical help, courtesy of Les: http://goo.gl/TMTUh
[12:32] {nemo} spy looking long above .10 but watching finnies
[12:33] {nemo} time makes me cautious though
01[12:33] {Threei}  I don't know... still is descending channel
[12:34] {nemo} not for iwm
[12:36] {nemo} spy coming into vwap
01[12:37] {Threei}  here is a piece of common wisdom which I am not so sure is true:
01[12:37] {Threei}  (US) Fed Chairman Bernanke: The fiscal cliff is a substantial threat to recovery, failure to solve the issue could cause a recession while resolution would have a positive impact
01[12:37] {Threei}  short term, sure
[12:37] {dino} giii spike
01[12:37] {Threei}  long term, maybe fiscal cliff is not the worst thing to happen
[12:39] {dino} mstr drop
[12:40] {robbers} Maybe, Vad, but there'd be some psychological damage, I think.  Makes our political system look even less effective.  If that's possible.
01[12:40] {Threei}  true
[12:41] {dino} mos hl s .91
[12:41] {Les} SLW
[12:41] {Les} .25
[12:41] {Les} short?
[12:42] {Les} not yet maybe
01[12:42] {Threei}  I like it
[12:44] {Les} cool. just wary of an additional bounce. keeping it on screen
01[12:47] {Threei}  ok SPY
01[12:47] {Threei}  it's time
01[12:47] {Threei}  lose 139 and cascade
01[12:47] {Threei}  I need robber's vote
[12:48] {robbers} Took the MOS scalp, thanks guys.
01[12:48] {Threei}  gj
[12:48] {robbers} (waiting on TZA, lol)
[12:49] {dino} gj
[12:50] {dino} mos bstop to .81
[12:50] {dino} damn, stopped +.10
[12:51] {nemo} mmhhh, I'd set my stop to .00
[12:51] {robbers} Waiting on TZA, my version of irrational exuberance.
[12:51] {dino} should've just covered at .72
[12:56] {nemo} yep VWAP did it again
[12:57] {nemo} mos flagging
[12:58] {dino} mstr sm l .50
01[12:58] {Threei}  stop .99 TZA
01[12:58] {Threei}  started loaing shape
01[12:58] {Threei}  losing
[12:59] {nemo} oil taking a beating today
[13:01] {Les} q's losing it
01[13:03] {Threei}  robbers' click, here it comes
[13:07] {Les} SLW again
[13:09] {robbers} 1:2 RT gets the vote.
[13:09] {Les} hehehe gj
01[13:09] {Threei}  1:2 baby
01[13:09] {Threei}  whew
[13:09] {robbers} 1:3 and you get two votes.
[13:09] {Les} LOL
01[13:10] {Threei}  two?
01[13:10] {Threei}  me want
01[13:10] {Threei}  let's go for two
01[13:10] {Threei}  who else took the trade?
06[13:11] * Threei is trolling for more votes
[13:11] {robbers} out 1/2.
[13:11] {Les} banksters crash
01[13:11] {Threei}  heavens have never seen a reversal nailed with such precision
01[13:12] {Threei}  one to three
01[13:12] {Threei}  !
[13:12] {Les} was out shopping bummer
[13:15] {nemo} well, that's spy capitulation level volume
01[13:19] {Threei}  visual: http://goo.gl/K8vmc
[13:22] {robbers} Out in full, thanks Vad.
01[13:22] {Threei}  :)
01[13:31] {Threei}  (GR) Bond buyback program for Greece estimated to reach 25% of face value of the debt; program would aim to reach 50% acceptance rate and ultimately bring down debt by 10%/GDP - financial press- Estimates are that the bond buyback could be funded by ECB profits or bailout funds; and Greece would require �8B for the program
01[13:32] {Threei}  ECB bailout fund to be used to buy back bonds?
01[13:32] {Threei}  and how does it change anything in Greek debt burden?
[13:34] {Les} gets transferred to german taxpayer
01[13:34] {Threei}  great
[13:35] {Les} how wars begin
01[13:40] {Threei}  covering SLW
01[13:40] {Threei}  1:2 as well
[13:40] {dino} gj
01[13:41] {Threei}  will, are you breating over there?
01[13:41] {Threei}  breathing too
[13:41] {dino} ravn hl l .90
01[13:46] {Threei}  so... Simpson WAS innocent??
[13:48] {dino} thor drop
[13:53] {Will49} sorry, stepped away for a few minutes...yes am breathing
[13:53] {Will49} breathing easier
01[13:54] {Threei}  having good day?
[13:54] {Will49} yes..very good
01[13:54] {Threei}  :)
[13:55] {Will49} for the stage I'm at
01[13:56] {Threei}  hmmm... we are still trailing... where are those votes people
[14:00] {dino} thor hl l .60 stop .38
01[14:01] {Threei}  wow
01[14:02] {Threei}  SLW had more in it
[14:02] {dino} amwd spike
[14:17] {Les} nice catch on slw
[14:20] {dino} out thor .84, +.24
01[14:21] {Threei}  dine swings thor's hammer
01[14:21] {Threei}  dino
[14:21] {dino} lol
01[14:21] {Threei}  meh... lame
01[14:21] {Threei}  I need new jokes
[14:25] {Les} hmmm grind up into close from support here?
01[14:25] {Threei}  I hope not
[14:25] {dino} could be just contra hour
[14:26] {Les} fish boy what say you?
[14:27] {cc_8} If HP Looks Bad, Autozone Looks a Lot WorsePosted on: Tuesday, November 20, 2012 - 12:58pm
[14:27] {cc_8} The big news story of the day was Hewlett-Packard (NYSE: HPQ) reporting that it had to write down a majority of intangible assets resulting from the purchase of Autonomy, a software provider.
[14:28] {dino} they pretty much write off all their acquistions
[14:28] {dino} obummer should hire them, about as much success as his solar bets
[14:36] {robbers} OK, Vad, finally got to vote on traderplanet.com.  You did want me to vote Romney, right?
[14:37] {Will49} lol
[14:37] {Les} RIG LoD b/d?
[14:37] {Les} .83?
01[14:38] {Threei}  probably
01[14:38] {Threei}  lol robbers
01[14:38] {Threei}  a bit late for that
[14:39] {robbers} BTW, I told traderplanet you paid for my vote.
01[14:39] {Threei}  right
01[14:39] {Threei}  they respect it
01[14:40] {Threei}  they are in throat-cutting business
[14:44] {Les} s .81
[14:50] {dino} partial fill s giii .99
[14:54] {dino} out ravn .14, +.24
[14:55] {dino} giii bstop is hd
[14:55] {dino} hod
[14:55] {dino} stopped
[15:00] {Les} stopped .87
01[15:03] {Threei} Long Setup:  FB  .10 break
01[15:03] {Threei}  If holds  .05
[15:10] {nemo} 40+ million shares traded...easy tape reading stock
01[15:21] {Threei}  meh
[15:26] {dino} freak trade of day, out mstr .90, +.30, got lucky
[15:37] {dino} that was actually +.40, but should have held, still going up
01[15:37] {Threei}  ah well
01[15:38] {Threei}  if we always knew where we were going to fsll, we would have spread some hay over there
[15:38] {dino} indeed
[15:40] {dino} full day tomorrow, half day friday, right?
01[15:41] {Threei}  let me look
01[15:41] {Threei}  earlier both Israeli and Hamas spokespeople said that there were still some outstanding issues to be addressed before they could agree to a truce
01[15:41] {Threei}  outstanding issues? as in, who will shoot at the orher and who won't?
[15:41] {dino} yuo know the terrorist hamas will toss some over after the truce
[15:42] {robbers} They are debating over the meaning of the word:  "ceasefire."
01[15:42] {Threei}  Nov 22 Closed, Nov 23 half day
[15:43] {dino} could yuo imagine somebody firing missles at usa? think we'd be as "kind" as israel?
[15:43] {Les} Friday is half day?
01[15:43] {Threei}  yes
[15:43] {dino} 1 pm
[15:43] {Les} k thought it was tomorrow
[15:43] {Les} falling asleep here. c u's tomorrow
[15:43] {dino} cya
01[15:43] {Threei}  day after day, for many years, rockets hitting towns
[15:43] {nemo} I'm travelling today, might stop in tomorrow but I'll be guilty of IMUI
[15:43] {robbers} cya.
[15:43] {Will49} be good Les
01[15:43] {Threei}  take care Les
[15:44] {dino} imui?
[15:44] {nemo} Internet Messaging Under the Influence
[15:44] {Les} safe trip nemo
[15:44] {nemo} won't be a first of course
[15:44] {nemo} ty
[15:44] {dino} ahhh, message carefully
01[15:44] {Threei}  friends don't let friends drink and message
[15:44] {nemo} not alone anyway
01[15:49] {Threei}  OK guys, thank you all
01[15:49] {Threei}  have a good evening, see you tomorrowq
[15:49] {robbers} TY.
[15:49] {Will49} Have good day guys
[15:52] {dino} gn all, thx
[15:52] {nemo} cya

Nov 19 2012

Gap and grind up... grrr. Fixed the early stops largely in the second half of the day, with two winning trades at the finish taking it to about breakeven.

Session Time: Mon Nov 19 00:00:00 2012
[09:01] {nemo} I hate these days, not to mention it's a Monday
01[09:01] {Threei}  "these"?
[09:02] {nemo} gap up...although I did say last week was the bottom
[09:02] {nemo} Unfortunately, I don't get paid for that
01[09:02] {Threei}  I am not sure it was "the" bottom
01[09:02] {Threei}  so far it's a bounce
[09:02] {nemo} Well, the world ends in a month, so if you're talking absolutes...
[09:03] {nemo} I think I said swing low
[09:03] {nemo} what is all the happiness about anyway?
01[09:04] {Threei}  mostly noise about happy resolution to fiscal cliff
[09:08] {scottie} good morning
01[09:08] {Threei}  scottie :)
[09:08] {dino} gm
01[09:08] {Threei}  dino :)
[09:12] {Beau} good morning
01[09:12] {Threei}  beau :)
[09:12] {ese} morning......am L premarket btu .31
[09:12] {ese} 1/2
01[09:12] {Threei}  ese :)
[09:13] {ese} morning vad
01[09:17] {Threei}  your power's OK ese?
[09:18] {nemo} wow, no Les...ooops probably just jinxed it
[09:18] {Will49} gm
01[09:18] {Threei}  will :)
[09:18] {Will49} got emails yesterday
01[09:18] {Threei}  yup
01[09:19] {Threei}  that's resolved
01[09:20] {Threei}  42% Willing To Pay More in #Taxes to Balance #Budget If Real Spending Cuts Are Made
01[09:20] {Threei}  are those 42% fully from those 49% that pay no taxes whatsoever?
01[09:21] {Threei}  so they don't mind doubling that?
[09:21] {ese} hey vad........yes........no power out here.......you?
01[09:21] {Threei}  had some flickering through the nihgt, but so far so good
[09:21] {ese} serious wind last night
01[09:21] {Threei}  yeah
[09:22] {Will49} fine here at clover point
01[09:22] {Threei}  took out the cover from my smoker
01[09:22] {Threei}  but I will rebuild
01[09:22] {Threei}  overall, about 15K customers lost power
[09:23] {Les} morning
[09:23] {Les} or afternoon
01[09:23] {Threei}  kes :)
01[09:23] {Threei}  les
01[09:23] {Threei}  grr
[09:23] {Les} fat fingers
01[09:23] {Threei}  someone should move k and l farther from each other
[09:24] {robbers} And Israel and the Gaza, too.
[09:24] {Will49} :)
01[09:24] {Threei}  lol
01[09:24] {Threei}  bitter lol but lol
01[09:25] {Threei}  quote from blog post:
01[09:25] {Threei}  While the press continues its 24/7 coverage of the fiscal cliff, the effect of Obama Care on the economy is largely ignored. IMHO, Obama Care is a much bigger issue as it will destroy more incomes.
01[09:25] {Threei}  A friend of mine employs 72 people, fulltime. His accountant has informed him that to have any chance of survival in the coming years, he will need to fire 23 people by the end of the year. There must be millions of businessmen facing the same situation.
01[09:25] {Threei}  I hear this same story from many
01[09:26] {Threei}  gap up looks excessive to me
[09:26] {robbers} It's really ObamaIdon'tcare.
01[09:26] {Threei}  I'd start with looking for reversals
[09:27] {robbers} Yeah, no doubt excessive exuberance this morning.
[09:27] {nemo} I'm sitting tight gonna' pour another glass of....er...I mean cup of coffee
[09:27] {Les} pisspot
01[09:27] {Threei}  irrational exuberance to use Greenspan's words
[09:27] {cipher} gm
01[09:27] {Threei}  cipher :)
01[09:30] {Threei} Short Setup: FCX  .70 break hl
01[09:31] {Threei}  If holds  .80
[09:31] {dino} sell the gap?
01[09:32] {Threei}  as a first idea at least
01[09:32] {Threei}  nope
01[09:32] {Threei} Short Setup: AIG  .20 break
01[09:32] {Threei}  If holds  .30
[09:33] {nemo} I'd be careful about selling the gap..imo
[09:33] {nemo} 200 sma on spy is at 138.40, and since when do they make it easy to make money
01[09:34] {Threei}  Invalidated
01[09:35] {Threei} Short Setup: WMT  .80 break
01[09:35] {Threei}  hp
01[09:35] {Threei}  hl
01[09:35] {Threei}  If holds  .90
01[09:36] {Threei}  yuck
01[09:36] {Threei}  so far, no reversal
[09:37] {nemo} not until spy get's nearer the 200
01[09:38] {Threei}  CAT hesitates
[09:38] {nemo} 138.80 is confluence level on spy after the 200
01[09:38] {Threei}  dpesn't follow SPY to new highs
01[09:39] {Threei} Short Setup: CAT  .25 break hl
[09:39] {nemo} ok that
[09:39] {nemo} the 200, now let's see what sets up
01[09:40] {Threei}  Invalidated
01[09:40] {Threei}  for now
[09:40] {nemo} oh look, hesitation at the 200
01[09:40] {Threei} Short Setup: SLW  37 break
01[09:40] {Threei}  If holds  .10
01[09:41] {Threei}  Invalidated
[09:44] {cipher} tza l .35
01[09:45] {Threei} Long Setup:  GDX  .50 break
01[09:45] {Threei}  If holds  .40
01[09:46] {Threei}  come on
01[09:46] {Threei}  what the deuce
[09:49] {cipher} out tza .30 -.05
[09:51] {cipher} bidu s .60
01[09:52] {Threei}  If holds  D  .90 break
01[09:53] {Threei} Short Setup: D  .90 break
[09:53] {cipher} cov 1/2 .30 +.30
01[09:53] {Threei}  If holds  50
01[09:53] {Threei}  Invalidated
[09:54] {ese} keeps timing me out
[09:55] {cipher} re short bidu .50
01[09:55] {Threei} Long Setup:  PCG  .20 break
[09:55] {nemo} spy gonna break again
01[09:55] {Threei}  If holds  .15
01[09:55] {Threei}  target .35 - .40
01[09:57] {Threei}  half out
01[09:57] {Threei}  .29
[09:57] {cipher} cov 1/2  bidu .30 +.20
01[09:57] {Threei}  stop to .19
01[09:57] {Threei}  nice double short cipher
[09:57] {cipher} ty
[09:57] {ese} out btu .85 +.51     good enough
[09:58] {Will49} wtg ese
[09:58] {ese} tks will
01[09:58] {Threei}  good one
[09:58] {ese} it's my cash cow
01[09:58] {Threei}  ese works that BTU as a true miner
[09:58] {cipher} cash cow... I like that
[09:58] {cipher} gotta look into it
[09:58] {ese} something about the way it's trading works for me
01[09:59] {Threei}  puts on headlamp and dives into coal mine
[09:59] {cipher} cov rest ov bidu .11 +.39
01[10:00] {Threei}  PCG target hit, out
[10:00] {ese} tends to move like tna i've found except 2X
[10:00] {nemo} home sales?
01[10:00] {Threei}  (US) NOV NAHB HOUSING MARKET INDEX: 46 V 41E
01[10:00] {Threei}  *(US) OCT EXISTING HOME SALES: 4.79M V 4.75ME
[10:01] {nemo} well, let's see how frothy we are today
[10:01] {Beau} +.16 thx vad
01[10:01] {Threei}  yw
01[10:02] {Threei}  metrics don't look took good to me though
01[10:02] {Threei}  Median existing home price: $178.6K v $178.3K (revised from $183.9K)
[10:02] {nemo} If it weren't for rasslin' and fishin'  I wouldn't own a TeeeeVeee
01[10:02] {Threei}  - Distressed sales: 24% v 24% prior
[10:03] {nemo} sorry, having a flashback to a conversation I overheard in a redneck bar in South Carolina
01[10:03] {Threei}  - Prior MoM revised lower to 4.69M from 4.75M
[10:04] {cipher} bidu l .95
01[10:05] {Threei} Long Setup:  CAT  .65 break hl
01[10:05] {Threei}  If holds  .58
[10:06] {cipher} out 1/2 bidu .25 +.30
[10:06] {nemo} cat looks like spy and iwm
01[10:07] {Threei}  no go
01[10:12] {Threei} Short Setup: LVS  .50 break
01[10:13] {Threei}  If holds  .60
[10:13] {nemo} hd might be a short here
[10:13] {nemo} or long
[10:13] {nemo} two way
[10:13] {cipher} bidu s .75
01[10:13] {Threei}  1:1 in a hurry
[10:13] {nemo} 92.50 then .30 support
[10:14] {cipher} tza l.41
01[10:14] {Threei}  ese, dp said hello, should be back in a month or so
[10:16] {ese} great tks........say hi back when you get a chance
01[10:17] {Threei}  I will... he said he was slowly recovering from the trauma of looking at the photos at your site
01[10:17] {Threei}  HD is getting overextended
01[10:18] {Threei}  probably one more spike
01[10:18] {Threei}  and should ber ready to reverse
[10:18] {cipher} cov bidu .65 +.10
01[10:19] {Threei} Short Setup: LVS  .50 break
01[10:19] {Threei}  If holds  .60
01[10:20] {Threei} Short Setup: HD  .30 break
01[10:20] {Threei}  If holds  .35
[10:21] {nemo} imo, spy and IMW need to test the highs, with IWM likely going to the SPP and SPY to 138.78
01[10:22] {Threei}  HD target about 63.05
[10:22] {cipher} bidu s .81
01[10:24] {Threei}  first partial .21
01[10:24] {Threei}  stop to .31
[10:25] {cipher} cov .63 +.18
01[10:26] {Threei}  let's keep LVS stop .56
01[10:26] {Threei}  never went over .55 on the bounce
01[10:26] {Threei}  .60 for stop placement was a generous allowance
[10:27] {Les} never let it be said that you are not a generous man :)
01[10:27] {Threei}  1/4 more out HD
01[10:27] {Threei}  lol
01[10:27] {Threei}  stop to .21
01[10:29] {Threei}  touched .05 target like clockwork
01[10:29] {Threei}  LVS 1:1
01[10:29] {Threei}  life becomes brighter
[10:29] {scottie} HD +.18 tks Vad, first winner for me today
01[10:30] {Threei}  yw... but we hit 4 in a row
01[10:30] {Threei}  first LVS was hard to get
01[10:30] {Threei}  the rest were relatively easy
[10:30] {scottie} missed them all
[10:30] {scottie} Not in LVS either
[10:36] {cipher} bidu s .64
01[10:36] {Threei} Short Setup: CAT  .50 break hl
01[10:36] {Threei}  If holds  .60
[10:37] {cipher} cov bidu .15 +.49
[10:37] {cipher} nice drop bidu
[10:37] {nemo} gild under .10 might be interesting
01[10:38] {Threei}  dtop to .56
[10:38] {nemo} vrtx
01[10:38] {Threei}  1:1
[10:39] {nemo} rht volume
[10:39] {nemo} two way, below .24 or above .32
[10:40] {scottie} SFD l .75 ?
[10:41] {nemo} target .60ish
[10:42] {nemo} arguably they may try to hold the spy in this 200sma territory
[10:43] {scottie} in .77 stop .69
01[10:43] {Threei}  can't tell scottie... rather yes
[10:43] {cipher} bidu s .40
[10:45] {Les} too some here nemo
[10:45] {Les} took
[10:46] {cipher} cov bidu .42 -.02
01[10:48] {Threei}  good one RHT
06[10:48] * Les smacks Nemo around with linux on a 1950's hard drive
[10:48] {nemo} a 1950's hard drive?
[10:49] {Les} VAd
[10:49] {Les} photo please
[10:49] {nemo} they used magnet cores
[10:49] {nemo} yeah, the one with the tombstone
01[10:49] {Threei}  http://goo.gl/C5SKx
[10:49] {cipher} bidu s .42
[10:50] {nemo} yeah, it's a magnet core, not a hard drive in the modern sense
[10:50] {Les} to quote bond
[10:51] {Les} Do I look like I give a damn
[10:51] {nemo} no, that's Clark Gable
[10:52] {Les} before my time Grandpa
[10:52] {Les} Casino Royale
[10:52] {nemo} the original or the remake?
[10:53] {scottie} GME l .20 ?
01[10:53] {Threei}  not liking it
[10:53] {scottie} ok
01[10:53] {Threei}  SPY starts looking exhausted
[10:54] {cipher} cov 1/2 bidu .20 +.22
[10:55] {Les} I'm guessing remake dude. Again, I'm not old enogh
[10:55] {nemo} frickin' phillistine
01[10:55] {Threei} Short Setup: DTV  .78
01[10:56] {Threei}  If holds  .85
[10:56] {cipher} 1/4 more bidu .01 +.41
[10:59] {ese} am outte here ....cyou tomorrow
01[11:01] {Threei}  take care ese
[11:04] {nemo} VWAP converging on the 200 SMA on SPY, this could turn into a snoooooooooozeeeeeeerrrrrr
[11:05] {cipher} BIDU S .02
[11:06] {cipher} cov .10 -.08
[11:09] {cipher} bidu l .18
[11:10] {nemo} cipher=gumby
[11:10] {cipher} out .41
[11:11] {cipher} +.23
01[11:11] {Threei} Short Setup: SLW  .65 break
01[11:11] {Threei}  If holds  .75
01[11:11] {Threei}  wow HD
01[11:11] {Threei}  why did we ever cover
01[11:12] {Threei}  nailed the top to the T
[11:12] {cipher} bidu reload l .22
[11:13] {cipher} want .50
01[11:15] {Threei}  Invalidated
[11:20] {cipher} out 1/2 bidu .62 +.40
01[11:21] {Threei}  wtg
[11:21] {cipher} ty
[11:22] {cipher} out rest .50 +.28
[11:24] {scottie} BBY l .90 ?
01[11:24] {Threei} Long Setup:  HD  .75 break
01[11:24] {Threei}  If holds  .70
[11:24] {cipher} bidu reload .37
01[11:25] {Threei}  I wouldn't, BBY
[11:25] {scottie} ok
[11:26] {cipher} out 1/2 bidu .69 +.32
[11:26] {cipher} want .90 on rest
[11:28] {cipher} out .89
[11:28] {cipher} close
[11:28] {cipher} +.57
01[11:28] {Threei}  lol, close enough I'd say
01[11:31] {Threei}  no go
[11:32] {nemo} bidu vwap .88
[11:32] {nemo} pivot .95
[11:36] {cipher} vwap 92.88 ?
[11:36] {Les} yes
01[11:38] {Threei}  HD rinse
01[11:38] {Threei}  prick
01[11:38] {Threei} Short Setup: FB  .45 break
01[11:38] {Threei}  hl
01[11:38] {Threei}  If holds  .55
01[11:38] {Threei}  with idea to add another hl on .40 break
[11:39] {cipher} l bidu .00
[11:40] {nemo} I see a short
[11:41] {cipher} out .85
[11:42] {cipher} you were right
[11:42] {nemo} don't you have a comment dino?
[11:42] {nemo} broken clock moment cipher
[11:42] {dino} cov cat .30, +.20 ty vad
01[11:42] {Threei}  :)
01[11:43] {Threei}  patient one
[11:43] {nemo} cipher...when a stock is weak, they often retrace to the vwap.  vwap and pivot were very close, the 38.2 retrace of the open to the bottom was at the pivot, so often you'll see a reversal at thos confluences
[11:44] {cipher} gotcha
[11:44] {nemo} http://www.freestockcharts.com?emailChartID=0852bc9a-fb69-4d43-935b-2a46c38802f1
01[11:44] {Threei}  come on HD, this is nasty
[11:45] {Les} just crossed vwap resistance HD
01[11:45] {Threei}  had .95 target in mind
[11:46] {cipher} nemo so when pivot and vwap are close the signal is even stronger, correct?
[11:47] {nemo} when you have confluences it often is, because now you have multiple trading styles looking at the same level.  So, this .10 range had 3 different types of traders looking at this area
[11:47] {nemo} just my opinion btw
[11:52] {nemo} so this .50 level on bidu is not only a natural price inflection level (dino's .00 .25 .50 .75) it's also the 23.6 retrace from the open to the low, which provided both support and resistance today, so it makes sense for it to be inflection
01[11:52] {Threei} Short Setup: FB  .50 break hl
01[11:52] {Threei}  If holds  .60
[11:55] {Les} LVS 44 short?
01[11:55] {Threei}  if stays under .10 and SPY helps, yes
01[11:55] {Threei}  need SPY to remain unable to break .50
[11:56] {dino} nemo, re: comment. these gap up and sit markets are not my thing. i usually don't do much on these type days
[11:57] {nemo} true, but I was waiting for the "I see dead people" comment
[11:57] {dino} lol, wanted dead bear on sat., but no luck
[11:57] {nemo} you a bear hunter?
01[11:57] {Threei}  nor is it mine, dino
[11:58] {dino} on a limited basis
01[11:58] {Threei}  so, whose thing is it
[11:59] {dino} 3i, my notes say these days cost me, so i sit
[12:01] {Will49} cipher...how do you do on these days?
[12:02] {cipher} not bad will
[12:02] {dino} cipher is an animal every day
[12:02] {cipher} no record days though
[12:02] {Will49} so it seems :)
[12:02] {cipher} bidu l .35
[12:04] {cipher} if I'm not gone by 11 am that means I want more cash
[12:05] {cipher} out 1/2 bidu .70
[12:06] {Will49} you wild and crazy guy
[12:06] {Les} FSC says $SPX 200 MA is here
[12:06] {Les} SPY 200 ma a little lower
[12:06] {nemo} 138.78 level twolevels
[12:07] {cipher} out rest bidu .64 +.29
[12:09] {dino} gj
[12:10] {cipher} TY
[12:10] {cipher} sorry my hot key is caps lock
[12:10] {cipher} toggles on & off
01[12:13] {Threei} Short Setup: LVS  44 break
01[12:15] {Threei}  stop .06
01[12:16] {Threei}  1:1
[12:22] {dino} evep drop
[12:25] {cipher} evep L .59
[12:27] {cipher} out 1/2 .99+.40
[12:28] {cipher} thx dino
[12:28] {scottie} TJX s .75 ?
01[12:29] {Threei}  I think so
[12:30] {scottie} in .74
01[12:31] {Threei}  55% Rate Government Response to Hurricane Sandy Positively
01[12:32] {Threei}  I would guess, this % is much lower in the zone that got actual hit and has firasthand knowledge
[12:32] {Les} nothing looks so good as a CNBC makeover
01[12:34] {Threei}  what makeover?
[12:34] {cipher} out second 1/2 evep .30 +.71
[12:34] {Les} that only television can produce, depending on it's partisan calling
[12:34] {cipher} now I have cash
[12:35] {cipher} cya tomorrow
[12:35] {cipher} thx for ideas
[12:35] {Will49} bring your luck back tomorrow
[12:35] {Will49} i mean skill
[12:36] {dino} cya
01[12:36] {Threei}  take care cipher
[12:36] {Les} ciao c
01[12:39] {Threei}  (GR) EMU officials indicate that tentative approval will be given to Greece tomorrow on the �44B tranche which will be disbursed Dec 5
[12:49] {dino} actg hl l .06
01[12:50] {Threei} Short Setup: AIG  .35 break
01[12:50] {Threei}  aggressive for .30
01[12:51] {Threei}  TJX works
[12:51] {scottie} half out
[12:52] {dino} mstr hl l ave .06
[12:54] {Les} AIG stop?
01[12:54] {Threei}  standard, .45
[12:55] {nemo} we should get a long bounce by the time iwm gets to .65 vwap and daily R2 should be in confluence
[12:55] {dino} actg stop .87 -.19
[12:58] {nemo} long setup here tna
01[13:01] {Threei}  hmmm
01[13:01] {Threei}  doesn't look long to me
[13:01] {nemo} I understand, and I would prefer something closer to the .65 level on IWM, but...
[13:02] {nemo} finnies are at vwap so they might just sit here, which mean it will be hard for iwm or spy to move much
[13:07] {nemo} hurry up and wait
[13:11] {scottie} out TJX
[13:13] {Will49} tks scottie..my first win
[13:14] {scottie} bad day for you too !
[13:14] {Will49} oh yeah!
01[13:14] {Threei}  wow
[13:14] {scottie} :(
01[13:15] {Threei}  come on guys... surely not every winner up to this point was unattainable
[13:18] {scottie} sfd out -.09
01[13:22] {Threei}  ok AIG
01[13:22] {Threei}  lose .30 and die
[13:22] {nemo} spy vwap and 200 at this bounce
01[13:28] {Threei} Short Setup: JCP  .65 break
[13:29] {nemo} dltr
[13:30] {Les} 3 min bearish divergence building. u wanna take it short?
01[13:31] {Threei}  who are you addressing Les?
[13:31] {nemo} me
[13:32] {nemo} I think it will base build around here to go long look at the daily.  Not sure it has much more room today
[13:32] {nemo} I think a short is more likely,
[13:33] {nemo} having said that, R3 is possible
[13:33] {Les} can't give you more than one vote Vad. will have to clean out my browser history
01[13:33] {Threei}  1 vote a day
[13:33] {nemo} regarding?
01[13:33] {Threei}  if you haven't voted today, you can
[13:33] {nemo} ahhhh
[13:33] {nemo} check in the mail?
[13:34] {Les} FB ya dinosaur
01[13:34] {Threei}  http://goo.gl/p1tts
01[13:34] {Threei}  we are in the lead
01[13:34] {Threei}  continue clicking pls :)
01[13:35] {Threei}  btw you may want to give their newsletter a chance
01[13:35] {Threei}  it's not bad
01[13:35] {Threei}  many good articles
01[13:35] {Threei}  and unsubscribe button works well
01[13:36] {Threei}  just like ours - which 7 of you have found out by clicking it accidentally, lol
01[13:36] {Threei}  boy, did we misdesigned that e-mail if 7 folks managed to unsubscribe themseleves accidentally
[13:37] {Les} could be secret intelligence test
[13:37] {Les} IQ test
[13:37] {Les} I failed :)
01[13:37] {Threei}  reflexive clicking test
[13:37] {Les} not a frikin word nemo
[13:37] {Les} playing with his bunny
[13:38] {Will49} is that code for something?
[13:38] {Les} http://www.blogger.com/profile/12115825900355965561
[13:39] {nemo} haven't seen her today
[13:40] {Les} she got the whole house?
01[13:40] {Threei}  (EU) Germany Chancellor Merkel's CDU party expected to pass a resolution at December party meetings explicitly refusing joint liability for other euro zone countries (i.e. cementing rejection of euro bonds), and warn ECB against overextending its bond buying programs for weaker EMU nations
01[13:40] {Threei}  huh
01[13:40] {Threei}  in the past such headline wouyld have killed the market instantly
01[13:40] {Threei}  I guess no one believes this anymore
[13:42] {Les} VWAP is now .40 on AIG. new stop?
01[13:42] {Threei}  I'd prfer it tolose .30 for stop trail
[13:42] {Les} ok
[13:44] {Les} die frikin /&%%*
01[13:44] {Threei}  trail now
01[13:46] {Threei}  1:1
01[13:50] {Threei}  no go JCP
[13:52] {scottie} OK, maximum daily loss reached, I am going to lick my wounds and see you tomorrow.
[13:52] {Will49} keep the faith scottie
01[13:52] {Threei}  still in AIG?
[13:52] {Will49} I am
[13:53] {scottie} Covered the rest at .26
01[13:53] {Threei}  take care scottie, tomorrow's bound to be better
[13:53] {Les} ciao scottie
[13:54] {scottie} the good thing about a day like today, is that tomorrow will certainly be better :)
[13:54] {scottie} bye everyone
[13:55] {Les} potential DT here AIG
[13:55] {Les} DB
[13:55] {Les} here comes DLTR
[14:06] {Les} cover AIG .28 gotta eat
01[14:22] {Threei}  stop to .31
[14:30] {Les} Vad MON is a bubble buster
[14:30] {Les} .65 b/d hoilding .72?
01[14:30] {Threei}  I think so
[14:34] {Les} shrted the DT .69
[14:34] {Les} want .50
[14:39] {Les} stopped
01[14:41] {Threei}  AIG is drifitng toward 1:2
[14:42] {dino} gj
[14:42] {Will49} longest trade I've ever been in :)
01[14:43] {Threei}  yeah, takes its sweet time
[14:43] {Will49} that's a good thing, as Martha says
01[14:43] {Threei}  but with any luck is capable of 1:3
01[14:46] {Threei}  (GR) Greece Govt official indicates that the Govt will not accept Troika request to cut 20K employees from state workforce
01[14:47] {Threei}  CA) Canada PM Harper: Surprised by the level of protectionism seen in the US; Keystone pipeline is crucial component for energy security- US denial of Keystone Pipeline approval shows Canada needs to diversify its energy exports, can't rely on the US as only big energy custome
01[14:48] {Threei}  what's with sudden bout of happiness
[14:55] {Les} lot of bubble busters today, but relentless grind up
01[14:56] {Threei}  out AIG on trail
01[14:56] {Threei}  grrr
01[14:58] {Threei} Long Setup:  COST  .40 break
01[14:58] {Threei}  If holds  .30
[15:02] {Les} FB
[15:02] {Les} break of .90?
[15:02] {Les} with some consolidation
01[15:03] {Threei}  not sure... these market spikes make me think final move for the day will be up
[15:03] {Les} ok. certainly active here
01[15:13] {Threei} Long Setup:  WMT  .75 break
01[15:14] {Threei}  If holds  .65
01[15:14] {Threei}  target .95
[15:20] {dino} took hours, but out mstr ave .51, +.45
[15:21] {Les} patience is a virtue gj
[15:21] {dino} ty
01[15:28] {Threei}  OK WMT
01[15:28] {Threei}  let's do it
06[15:33] * Threei kicks WMT in the rear
01[15:35] {Threei}  1:1
[15:44] {thomcbell} lvs late in the day scared longs?
01[15:46] {Threei}  I guess
01[15:46] {Threei}  WMT 1:2 target hit
[15:46] {Les} moooooooooor
[15:46] {Les} e
01[15:46] {Threei}  don't tell me no one got it
[15:46] {Les} oh yeh
[15:46] {Les} all out .98¨
[15:46] {Will49} Hoooooray
01[15:46] {Threei}  whew
[15:47] {Will49} nice way to end the day
[15:47] {dino} calling it a day, thx all
[15:47] {Will49} as you say, the day gets brighter
01[15:47] {Threei}  take care dino
[15:47] {Les} yeh cheers all
01[15:47] {Threei}  actually, about breakeven here
[15:47] {Will49} see you tomorrow
01[15:48] {Threei}  thank you all, have a good evening
01[15:48] {Threei}  see you tomorrow

Nemo's Findings week of 11/18/2012

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

Just a head's up, I'm travelling this week so likely there will be no Nemo's findings next week, because Nemo will be nowhere to be found.  Anyway...

The week that was:

As the French say: Plu ca Change plu c'est le meme chose.  As Led Zep said:  The song Remains the Same....that is, we're in a Bear phase, though they are making the bears pucker to get their rewards.

 Notice how SPY closed at the 200 sma above.

Notice how spy opened in the gap and quickly rose to recapture  the 200 but then closed at the top of the volume support.  Notice IWM started in the volume vacuum and closed just above.  (Volume support are price bands shaded in red, vacuums are shaded in blue).  The FAS doesn't hit volume support until 97.20ish which is about 15.15 on the xlf.

Notice how the volume gap supported IWM.

Well, that was an interesting Friday.   Harry Reid and John Boehner have a Kumbaya moment, and the market makes a U-turn.  Don't you find it interesting though that the market does the about face at specific demarcated levels on the charts?  I see that alot.  Must be a coincidence.  Having said that, when I looked at the charts yesterday, it looked like we might be setting up for a bounce.  Now, it looks like, if the market holds these gains without new lows, then I think we're on the way to challenge the 200 SMA's.   The $ looks as if it's ready for a retrace, which usually means a climbing market.  Here are the dailies so you can see the larger time-frame:

 SPY descended into the gap from July, the top of which coincided with the 61.8 retrace from the June low.

 The Qs descended into the gap from June, just about completing the traverse

 

 

 IWM also descended into the small gap from June.

 

The $ broke the 200 SMA but formed a shooting star which is often the sign of a top.

The finnies touched the 50% retrace of the June low which coincided with a subjective base for a fibonacci retrace and recaptured the 200 SMA, which I drew because it served as the breakout level from the 7/3 highs.  

 

The week that is:

 

  

Market Week Wrap-Up

Markets maintain cautious tone despite some signs of hope


- Investors opened the week trying to shake of the cob webs of a post-election hangover that enveloped markets late last week. Some early bargain hunting in stocks quickly gave way to headlines on the US 'Fiscal Cliff,' turmoil surrounding the Greek bailout and another escalation of tensions between Israel and Hamas in the Gaza strip weighing on sentiment. By mid-week a clean break below the S&P 500's 200-day moving average spooked many technicians, and the major US indices were testing multi-month lows with the NASDAQ officially in correction territory. Economic data releases did little to stem the tide despite some improvement in Chinese figures that included a better October trade balance and the biggest uptick in industrial production in five months. European economic reports remain unpleasant. Q3 preliminary GDP figures showed the continent officially entered a double dip recession while a declining reading in Germany's November ZEW economic sentiment index suggests problems in the periphery have spilled over to the core economies. In the US, the November Philadelphia Fed reading fell to a 4-month low along with October Advanced Retails Sales figures, while October Industrial Production declined unexpectedly. Weekly initial jobless claims jumped to 439K well above what was expected. Analysts did note that much of the weakness seen in the US data can be explained away by what are likely short term effects from Hurricane Sandy. WTI crude oil futures finished the week up roughly 0.75% percent near $87 while Brent prices declined by less than 0.5%. Natural gas prices rallied more than 8% to close just below $3.80 after technicians noted a bullish break above converging 50 and 200-day moving averages. December gold finished down 1% despite Chinese officials discussing the need to increase gold reserves. The benchmark US 10-year yield declined a handful of basis points and remains just a few ticks from fresh multi-month lows. For the week, the DJIA and Nasdaq each fell 1.8%, while the S&P500 lost 1.5%.

- With the US economy hurtling towards the 'Fiscal Cliff' all eyes turned squarely on Washington this week. On Wednesday, President Obama met with business leaders ahead of a Friday meeting with Congressional leaders from both parties. By mid-week reports circulated that the Administration would ask for $1.6T in additional tax revenue throwing some cold water on hopes both sides could come to an agreement quickly. Ahead of the meeting another press report suggested the White House was in advanced talks on a plan to replace the sequester portion of the Cliff, thus pushing back major deficit reduction talks into 2013. A post meeting press conference on the White House lawn provided some renewed hope. Representatives from both sides of the aisle including Speaker Boehner and Senate majority leader Reid indicated the talks were "constructive" and a deal can be achieved, with revenue remaining on the table as long as it is accompanied by spending cuts. Equity markets rallied hard following the press conference late Friday morning with the Dow rallying more than 100 points off of the session and week low.

- Third quarter earnings season is slowly drawing to a close. A handful of influential technology companies and the majority of big US retailers reported results this week. Cisco systems saw modest growth in earnings and revenue in its Q1 and forecasted flat growth for Q2. The bar was not set very high for the firm after several quarters of declining outlook for IT in general and network hardware in particular. CEO Chambers said that he is seeing a slightly better environment in the US and in Asia, while also warning that Europe would get worse before it got better. Dell missed consensus expectations while Q4 and FY13 guidance disappointed once again. Shares of Sina Corp also came under pressure falling roughly 13% after reporting Q3 gross margins down and providing Q4 guidance below analyst forecasts.

- Retailers posted mixed results with many commenting on the impacts of Hurricane Sandy. WalMart shares fell to the lowest level in three months after reporting revenues a bit below consensus. Along with in-line guidance, the company disclosed an investigation into foreign corrupt practices has expanded to China and India. Target Inc fared better after beating noticeably on the bottom line and guiding Q4 EPS above consensus. Home Depot performed well in its Q3, with earnings and revenue just above expectations on modest y/y growth. After raising its forecast Home Depot said it would see a boost from Hurricane Sandy similar to the one saw from Irene last year, which added $360M in sales in Q3 and Q4 of 2011. Specialty apparel names were particularly strong led by Abercrombie and Fitch. Shares of Abercrombie jumped more than 25% after profit growth widely outpaced expectations. In addition, Abercrombie hiked its full-year guidance and said comps would return to positive growth in Q4. Luxury name Saks came under pressure after Q3 revenue missed expectations. Executives warned that they are seeing lower sales at many of the stores impacted by Sandy, calling the storm a "punch to the stomach." Sears Holding declined more than 15% following Q3 results that saw SSS decline by 1.6%. Management noted particular shortfalls in categories like groceries, and household and consumer electronics.

- Two iconic US technology bellwethers had another tumultuous week. Apple at one point was down another 7% to trade near $500 for the first time since February. Sentiment remains clearly negative with everything from a likely increase in the US capital gains tax rate, to rising input costs in Asia, to continued concerns surrounding the ability to recapture the culture of innovation seen under founder Steve Jobs, seen as potential catalysts for selling Apple shares. Microsoft slid 6% after the executive widely expected to become the firm's next CEO resigned. Steven Sinofsky, head of Microsoft's Windows unit, left the company only two weeks after launching Windows 8. The move was unexpected and neither Microsoft nor Sinofsky gave an explanation, although sources suggest the decision was "mutual" and that Sinofsky would not take a job at another company anytime soon.

- In M&A, the news was relatively light with only a few small to midsize deals getting attention. On Monday Jefferies Group announced at deal to be acquired by Leucadia National for about $3.7B. Jefferies holders would receive 0.81 Leucadia shares per share, implying a deal value of approximately $17.66/share. For Leucadia, known as a "mini Berkshire Hathaway," Jefferies comprises one of their largest current investments. Late last Friday Precision Castparts said it would buy Titanium Metals Corp for $2.9 billion. The all cash offer represented a 44% premium to Friday's closing price and does include a "go shop" provision. Ally Financial is said to have reached a deal to sell its auto financing operations in Europe and Latin America to General Motors for around $4B. Late in the week Hertz confirmed FTC approval for its purchase of Dollar Thrifty.

- For currency traders coming into the week risk aversion maintained a foothold as the Greek situation remained unresolved and worries about the US Fiscal Cliff remained. Monday's Eurogroup meeting proved to be a bit of a disappointment. Discussions continued around just on how to cut the Greek debt burden and in the end only served to highlight the differences between Euro Zone Finance Ministers and the IMF. EU chief Juncker remained optimistic that a decision on the Greek €31.5B aid tranche would be decided at its next gathering on November 20th for the Eurogroup, but other senior officials indicated the final decision could slip to a later date. At 1.2660 EUR/USD began the week at new 2-month lows after the weaker than expected German ZEW survey served as another reminder that the economic crisis was staring to infect core economies. The pair found some support on reports Greece was to receive €44B in aid via one lump payment (€31B plus the 2 tranches that were due in September). The pair later tested various technical levels around 1.2730 after a Greek bill auction raised the bulk of the expected €5B in redemptions that country faced this week, and thus averted any immediate default risk. By Friday, dealers noted that the pair might have the legs to probe back towards the 1.28 handle but stalled just below its 200-day moving average at 1.2808.

- The JPY currency weakened noticeably on mid-week reports that the Japan Cabinet would again downgrade its economic assessment in its upcoming monthly report for the fourth straight time. The JPY weakened further after PM Noda hinted he might dissolve Parliament on Friday, November 16th if LDP opposition pledged to meet certain conditions. The USD/JPY edged towards the 80 handle after Japan LPD (opposition) official Abe was said to have agreed to conditions laid out by PM Noda for snap elections. The LDP looks to be in a position to form the next government, and Abe has favored unlimited easing by the BoJ and would likely seek the central bank cut in the benchmark rate to zero or lower. By Friday USD/JPY broke above the 80.70 level to test the 81 level and 6.5 month highs.

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