Dec 12 2008

A few good educational discussions, one is pre-market. And yeah, profitable day again. Boring, I know. Sorry.

Session Time: Fri Dec 12 00:00:00 2008

[08:30] {Threei}  NOV ADVANCE RETAIL SALES: -1.8% V -2.0%E; LESS AUTOS: -1.6% V -1.8%E

[08:30] {Threei}  *NOV PRODUCER PRICE INDEX M/M:-2.2 % V -2.0%E; PPI EX FOOD&ENERGY M/M: 0.1% V 0.1%E

[08:38] {hawkfan4} morning

[08:40] {patience} good morning   :)

[08:40] {Threei}  hawk, patience :)

[08:42] {_elepet} good morning

[08:42] {Threei}  elepet :)

[08:54] {Onix} gOOD MORNING ALL

[08:55] {Onix} sorry for the caps,it is not that good!

[08:55] {cosmo} good for a buggy whip rebound maybe?

[08:56] {Onix} yes, that could easily happen

[08:59] {cosmo} EXEL

[08:59] {cosmo} 4.65 pr mkt high

[08:59] {Threei}  onix, cosmo, ese :)

[08:59] {cosmo} 3i:)

[09:00] {KSystems} Good morning :)

[09:00] {Threei}  ks :)

[09:00] {Onix} hi ks

[09:02] {peterg} all; saw tv say market tanks after bailout denied. doesnt look so badf

[09:02] {cosmo} DRYS pr mkt high = 7.86  fwiw

[09:02] {cosmo} should hold 7.50  ...?

[09:06] {dino} gm all, end of days again

[09:06] {Threei}  dino :)

[09:06] {Onix} hi dino

[09:08] {peterg} i mean good morning all

[09:08] {Threei}  peter :)

[09:08] {Threei}  market is climbing back

[09:09] {Threei}  waiting for plan B as in TARP funds to automakers?

[09:09] {Geo} good morning

[09:09] {Threei}  geo

[09:09] {Onix} hi peter

[09:09] {Threei}  lol, there you go

[09:09] {Threei}  WHITE HOUSE AIDE: PRESIDENT BUSH WOULD CONSIDER USING TARP FUNDS TO HELP AUTOMAKER

[09:09] {Threei}  - Letting the automakers fail would be irresponsible.{F GM}

[09:12] {dino} this auto game reminds me of tarp game. need 6 votes to get it, do damage, drag it out for political shining, then vote it through

[09:12] {cosmo} no auto maker left behind...

[09:12] {Onix} you can read their minds already Vad?

[09:13] {Threei}  thought yesterday when they rekected a loan that would be a theme today, Onix

[09:13] {Threei}  I find it hard ti imagine they would let them fail now

[09:13] {Threei}  last thing Bush wants is to have this last stain

[09:13] {Onix} true .. just stalling like dino says

[09:13] {Threei}  he will prefer to postpone this decision and leave it to next prez

[09:14] {Threei}  so in this or that form, it will go throuhg

[09:14] {Threei}  and dino's analogy is dead on

[09:14] {dino} remember sept votes, 6 or so off. repeating imo

[09:15] {Threei}  I intend to be very conservative and risk-averse today guys

[09:15] {dptl} good morning all

[09:15] {Threei}  dp :)

[09:15] {Onix} hi dp

[09:15] {dptl} :)

[09:16] {Threei}  one reason is obvious, jerky market in highly fluid situation with constant news barrage

[09:16] {Threei}  another is...

[09:16] {Threei}  I've run incredibly long streak of winning days, can't even remember last losing one

[09:16] {Threei}  I think more than month ago

[09:16] {ese} morning

[09:16] {Threei}  there are odds

[09:17] {Onix} hi ese

[09:17] {Threei}  and I have to account them in

[09:17] {ese} hey onix

[09:17] {Threei}  whe inevitable losing day comes, I want damage to be minimal

[09:17] {dino} i understand vad

[09:17] {Threei}  the worst thing you can do in this situation is to decide that it's your genius in works,

[09:18] {Threei}  and you are immune to losses

[09:18] {wishbone} gm all

[09:18] {Threei}  wishbone :)

[09:18] {Onix} hi wishbone

[09:18] {Threei}  healthy dose of humbliness is necessary

[09:19] {Onix} otherwise the market WILL do it to you?

[09:19] {Threei}  and being humble is not really my character trait... so gotta deliberately restrain myself :)

[09:19] {Threei}  exactly onix

[09:19] {Threei}  doeas it sound familar:

[09:20] {Threei}  you win, win, win, having great streak,

[09:20] {Threei}  then one day comes

[09:20] {Threei}  that eats absolutely disproportional portion of your winnings

[09:20] {Onix} way too familiar

[09:20] {Threei}  there

[09:20] {Threei}  this is ego at work

[09:20] {lisa_jay} Hello everyone

[09:21] {Threei}  lisa :)

[09:21] {Onix} hi lisa

[09:21] {Threei}  you decided subconsiously it's not odds, it's not your system,

[09:21] {Threei}  it's YOU

[09:21] {Threei}  great and terrbile, invincible

[09:21] {Threei}  rules don't apply to you

[09:21] {Threei}  you will win anyway

[09:21] {Onix} ha-ha-ha

[09:21] {Threei}  following rules or breaking them, you are above the rules

[09:22] {Threei}  well... smackdown comes inevitable, and hard smakdown it will be

[09:22] {dino} been there

[09:22] {Threei}  yeah... ask me how I know :)

[09:22] {Onix} structure & discipline or i go under

[09:22] {peterg} just when I wuz gonna increase my share size to 2000

[09:23] {peterg} kidding

[09:23] {peterg} whom the gods would destroy, first they make proud

[09:23] {Threei}  very true

[09:23] {Threei}  http://www.realitytrader.com/blog/2007/09/costly-hiccups-do-you-have-any.html

[09:25] {Threei}  there is time for everything... sure, push harder when you are hot, but remember to start slowing down at some point

[09:25] {Threei}  and let natural cycles work their magic

[09:25] {ese} news on EXCEL anyone

[09:25] {ese} sory EXEL

[09:25] {Threei}  05:54am [EXEL] Enters global collaboration deal with BMY on two cancer programs; to receive $195M cash payment from BMY

[09:26] {ese} tks vas

[09:26] {ese} vad

[09:26] {ese} cannot spell this morning

[09:26] {Threei}  this morning? I am full of envy

[09:27] {lisa_jay} .

[09:28] {ese} morning lisa

[09:29] {lisa_jay} Hi Ese.

[09:30] {Threei}  DRYS pulled back into premarket support

[09:31] {Threei}  and bounced off it faster than I could blink

[09:32] {dino} downgrade drys to underperform fwiw

[09:34] {ese} bstop EXEL .51

[09:35] {ese} L EXEL .54 

[09:36] {Threei}  *US TREASURY READ TO PREVENT FAILURE OF US AUTOMAKERS

[09:36] {ese} stop .35

[09:36] {Threei}  ready I guess

[09:36] {Threei}  in the line above

[09:37] {ese} Out EXEL .72 lot and a 1/2 +.20

[09:37] {dino} gj

[09:37] {lisa_jay} nice

[09:37] {patience} nice ese  :)

[09:37] {ese} quick

[09:38] {dino} shld

[09:38] {Threei}  *US TREASURY: READY TO PREVENT FAILURE OF US AUTOMAKERS, PREPARED TO ASSIST INDUSTRY UNTIL CONGRESS RECOVENES

[09:38] {Threei}  {GM F}

[09:38] {Threei}  yup... can will be kicked down the road

[09:39] {dino} retail stronger

[09:39] {dino} amzn, shld cost

[09:39] {dino} etc

[09:40] {ese} L AMLN 3/4 .49

[09:41] {ese} stop .25

[09:41] {Threei}  DRYS, looking for bounce off .60 roughly

[09:42] {magoo} lisddslhdghkdjds.j

[09:43] {patience} good morning magoo

[09:43] {lisa_jay} Hi Magoo.

[09:45] {Threei}  mags :)

[09:46] {Threei}  feels like dump is coming

[09:47] {ese} hmmmm thought AMLN was gonna stop me there

[09:48] {Threei}  AMLN can be treacherous that way

[09:48] {ese} ya those big long minute bars don't look comforting for sure

[09:49] {ese} oh well....stop is in place we'll see

[09:49] {ese} STOPPED!!!

[09:50] {Threei}  hmmm... no dump

[09:51] {dino} strange

[09:51] {ese} look at it....what a piece of ......&^%^&%$&^

[09:51] {dino} lol

[09:52] {dino} i don't trust this bounce

[09:53] {ese} AMLN you mean

[09:53] {Threei}  ese, I think AMLN should be ignored on traditional breakout setups and bought for scalp on shakeouts

[09:53] {dino} markets i was thinking es

[09:53] {ese} whole heartedly agree

[09:55] {Threei}  DEC PRELIMINARY UNIVERSITY OF MICHIGAN: 59.1 V 54.5E

[09:57] {cosmo} green

[09:57] {dino} ndx green

[09:58] {cosmo} :)

[09:58] {dino} comp green

[10:00] {Threei} Long Setup:  F  2.90 if stays above 2.80

[10:02] {Threei}  UAW press conference

[10:02] {Threei}  on TC

[10:02] {Threei}  TV

[10:02] {Geo} invalid i guess

[10:03] {peterg} Bring back Walter Reuther. Samuel Gompers, they were interesting people

[10:03] {peterg} I went to school with the son of Saul Alinsky, if any remember him.

[10:03] {peterg} Interestingt people

[10:04] {peterg} a "community organizer."

[10:05] {Threei}  are you listening to this?

[10:05] {peterg} qqqq keeps going up

[10:06] {peterg} no tv here

[10:06] {Threei}  guy talks about the negotiations as if it were poker

[10:06] {Threei}  they tried to guess who bluffed, who had really strong hand

[10:06] {lisa_jay} he does look a little scared though

[10:07] {Geo} what i am amazed at is they are basically not willing to compete

[10:08] {dino} the unions much give or the workers will be out of work, imo

[10:08] {Geo} yup

[10:09] {Geo} looks like its blindingly obvious to everyone except them

[10:09] {Threei}  I guess they just play this high stakes game

[10:09] {ese} look at AMLN.......all I can say is "ALCHOHOL WORKS" !!!!

[10:10] {Threei}  counting on current powers to provide something to sustain them till Obama takes over,

[10:10] {Threei}  then having different regime and climate

[10:10] {Threei}  DRYS pulled back into support

[10:10] {Threei}  ugh... too fast again

[10:11] {Threei}  two supports here:

[10:11] {Threei}  8.50, questionable one

[10:12] {Threei}  8.30, much stronger

[10:12] {Threei}  I'll wait for another leg down

[10:12] {Threei}  there it goes

[10:13] {Threei}  come on, dive more

[10:15] {dino} mkts dropping

[10:16] {Threei}  (US) SENATOR CORKER: USING TARP FUNDS WITHOUT PROPER CONDITIONS MAY NOT BE SUCCESSFUL

[10:16] {Threei}  UAW PRESIDENT: CALLS ON THE TREASURY, FED TO ASSIST THE AUTOMAKERS, BELIEVES "THESE ARE THE ONLY OPTIONS LEFT"

[10:16] {Threei}  - Were prepared to negotiate with bill along terms provided by the White House

[10:16] {Threei}  - Had reached tenative pact with Senate Rep Crocker, GOP caucus could not be convinced of plan

[10:16] {Threei}  - Republican proposal would have required massive exchange of equity from company

[10:16] {Threei}  - Under the impression that they were being 'set up' by Republican senators

[10:16] {Threei}  - Were prepared to put job bank elimination in the bill, GOP pressed for parity with foreign auto companies operating in US{F GM}

[10:17] {Threei}  GM CO. ENCOURAGED BY THE WHITE HOUSE SAYING IT WOULD CONSIDER USING TARP FUNDS TO HELP THE AUTO INDUSTRY

[10:17] {Threei}  - says will work closely with the Administration

[10:17] {lisa_jay} drys at .30 level

[10:18] {lisa_jay} Any interest still Vad?

[10:18] {Threei}  yes but market feels like another leg down coming

[10:18] {Threei}  want to have market on our side

[10:19] {Threei}  finger on a trigger

[10:21] {Threei}  sheesh

[10:21] {magoo} in .46

[10:21] {Threei}  I am way too hesistant I guess

[10:21] {Geo} in .40

[10:21] {Threei}  hit my buy zone perfectly

[10:22] {Geo} out all

[10:22] {dino} sso hl s .5, stop .52

[10:22] {Threei}  wtg guys

[10:23] {lisa_jay} I am even more hesitant Vad...waited for dip under 30 with strenght to show and buy at .31.  Sigh.

[10:23] {Threei}  just no feeling of pattern forming confidently

[10:23] {dino} sso s was .25

[10:24] {lisa_jay} news driven day

06[10:27] * Geo slaps Threei around a bit with a large trout

[10:27] {Geo} [07:21] {Threei}  I am way too hesistant I guess

[10:27] {Geo} vad wants a perfect score

[10:27] {Threei}  no

[10:28] {Geo} j/k

[10:28] {Threei}  just don't want to get into so-so trade without having confident read on it

[10:28] {Geo} that isnt a fun answer :)

[10:29] {Threei}  sorry

[10:29] {Threei}  here is fun one

[10:29] {Geo} chop zone now i guess

06[10:29] * Threei slaps Geo around a bit with a large piece of uncertainty in the market

[10:29] {Geo} heheh

[10:34] {dino} cov sso .02, +.23

[10:35] {patience} nice dino, i'm just sitting in silver wheaton

[10:35] {dino} ty, going slow today

[10:36] {Chaeron} good morning all

[10:36] {Threei}  chaeron :)

[10:36] {lisa_jay} Hi Chaeron.

06[10:36] * dino slaps Chaeron around a bit with a large trout

[10:37] {Chaeron} Hi Threei, Lisa :) Dino...

06[10:37] * Chaeron slaps dino around a bit with a large trout

[10:37] {dino} :)

[10:37] {Chaeron} backatcha

[10:38] {Onix} hi chaeron

[10:38] {Chaeron} come on guys and girls... It's friday, let's kick it up

[10:38] {Onix} or down?

[10:38] {Chaeron} Onix :) hope you're doing good

[10:38] {Onix} so-so ty

[10:38] {Chaeron} ("well" as raven would correct me

[10:39] {dino} well

[10:39] {dino} opps

[10:39] {Chaeron} PRU

[10:39] {magoo} any read q vad?

[10:39] {Threei}  up for the moment

[10:39] {Threei}  not very far

[10:40] {Threei}  kind of scalp... but can't find the entry

[10:40] {Threei}  maybe this:

[10:40] {Threei}  .07 with stop under 29

[10:41] {Geo} ?

[10:41] {Geo} short?

[10:41] {Threei}  [10:39] {Threei} up for the moment

[10:41] {Threei}  how is it short?? :)

[10:42] {Geo} then confused about .07

[10:42] {Threei}  I was answering magoo's question about Qs

[10:42] {Geo} ahhhhh

[10:42] {Geo} i saw the big PRU

[10:42] {Geo} sorry

[10:42] {Geo} i need coffee

[10:42] {Threei}  1:1 btw, Qs

[10:42] {Geo} drat

[10:43] {Geo} still frantically scanning pru

[10:44] {Chaeron} sorry Geo... my fault

[10:44] {Threei}  anyone took that Qs?

[10:44] {magoo} looking for more vad

[10:44] {magoo} .30 area

[10:44] {Geo} nah..... getting scatterred here

[10:44] {magoo} me

[10:44] {Threei}  maybe mags... but do me a favor

[10:45] {Threei}  sell half

[10:45] {magoo} nope

[10:45] {Threei}  sigh

[10:49] {lisa_jay} gg vad

[10:50] {magoo} sigh its still scalpers mkt only i guess

[10:53] {magoo} out .30 vad TY

[10:53] {peterg} .30

[10:54] {lisa_jay} nice

[10:54] {peterg} just remarking, not making; nice mag & vad

[10:54] {magoo} finally out DRYS .73

[10:54] {magoo} TY vad

[10:55] {dino} yum hl l .50

[10:55] {dino} stop .23

[10:56] {Threei}  welcome mags

[10:56] {dino} dji wants flat imo

[11:05] {Geo} eked out 7o bucks today

[11:05] {Geo} need to leave 11:30 for kids recitals.....

[11:06] {magoo} well thats roughly $35/hour

[11:06] {Geo} not bad i guess

[11:06] {Geo} half the autoworkers

[11:06] {Threei}  lol

[11:06] {Threei}  in DRYS half lot ..69

[11:06] {Threei}  stop under .60

[11:06] {Threei}  counting on another leg up QQQQ

[11:07] {Threei}  half out .81

[11:08] {magoo} waiting .95

[11:08] {magoo} kicjng

[11:17] {Threei}  holding well this time while Qs retreat

[11:17] {Threei}  ideally, we would get sharp spike in the market now

[11:17] {Threei}  that would have sent DRYS rocketing

[11:18] {dino} feels like whoosh lower

[11:18] {Threei}  yeah

[11:19] {Threei}  anyway, stop is under b/e on second half

[11:19] {dino} sso s hl .50. stop .76

[11:20] {Threei}  out

[11:23] {dino} yum stopped -.17

[11:33] {dino} yum rinsed

[11:42] {dptl} .

[11:50] {Threei}  ‘Should I be worried about Bear Stearns in terms of liquidity and get my money out of there?’ No! No! No! Bear Stearns is fine! Do not take your money out. … Bear Stearns is not in trouble. I mean, if anything they’re more likely to be taken over. Don’t move your money from Bear! That’s just being silly! Don’t be silly!” —Jim Cramer, responding to a viewer’s e-mail on CNBC’s Mad Money, March 11, 2008

[11:51] {wishbone} lol

[11:51] {Threei}  6 days before collapse

[11:51] {dino} cov sso .26, +.24

[11:52] {Threei}  [A]nyone who says we’re in a recession, or heading into one—especially the worst one since the Great Depression—is making up his own private definition of ‘recession.’” —Donald Luskin, The Washington Post, Sept. 14, 2008

[11:52] {magoo} where'd u find that?

[11:52] {Threei}  The day after Luskin’s op-ed, “Quit Doling Out That Bad-Economy Line,” appeared in the Post, Lehman Brothers filed for bankruptcy, and the rest is history.

[11:53] {Threei}  http://www.foreignpolicy.com/story/cms.php?story_id=4569&print=1

[11:56] {dino} geoy l hl .51

[12:02] {Threei}  DRYS returns to 9 for the 3rd time

[12:09] {Threei}  F...

[12:09] {Threei}  and I mean stock symbol, not what you just thought

[12:09] {dino} hey!

[12:09] {Threei}  lol

[12:09] {magoo} F U lol

06[12:10] * Threei slaps magoo around a bit with a large Dictionary of Decent Words

[12:12] {magoo} in russo?

[12:13] {Threei}  nope

[12:13] {magoo} germanic?

[12:14] {magoo} [12:13] {Threei}  nope

[12:15] {dino} canadianese?, lol

[12:19] {Threei}  DRYS is going to break this time

[12:20] {KSystems} you buying it?

[12:20] {Threei}  9.05

[12:20] {Threei}  if getting hit

[12:20] {Threei}  with stop under .90

[12:22] {Threei}  come on, move

[12:23] {Threei}  WILL ANNOUNCE LATER TODAY THAT IT IS CLOSING OF 30% OF NORTH AMERICAN PLANTS FOR Q1, CUTTING PRODUCTION BY 250K UNITS - CNBC

[12:23] {Threei}  - Reminder: Honda made a similiar announcement earlier today, cutting production by 119K units{F HMC TM}

[12:24] {Threei}  SALES CHIEF: RECENT DECEMBER SALES FIGURES ARE 'STRONG' WHEN COMPARED WITH NOVEMBER AND OCTOBER

[12:24] {Threei}  offering half .20

[12:28] {Threei}  half out .17

[12:28] {Threei}  just to decrease risk

[12:28] {Threei}  still feel it's upward bound

[12:29] {Threei}  stop just under 9 for the balance

[12:30] {ese} outta here for the weekend all see next week 

[12:30] {Threei}  take care ese

[12:30] {Threei}  stay safe in the snow

[12:30] {ese} see ya vad

[12:30] {wishbone} cya ese

[12:31] {patience} i don't have snow vad, there will be no snow....

[12:31] {wishbone} its raining here patience

[12:31] {Threei}  I hope

[12:31] {patience} exactly wishbone

[12:34] {Threei}  come on DRYS

[12:37] {Threei}  offering 1/4 .28

[12:37] {Threei}  taken

[12:38] {Threei}  last part don't know yet

[12:38] {Threei}  .45 feels about right

[12:38] {dptl} .47 :)

[12:38] {Threei}  okay :)

[12:39] {Threei}  lol, hit .45 exactly but haven't took out my offer

[12:39] {Threei}  out .35

[12:39] {Threei}  me happy

[12:40] {Threei}  who followed?

[12:40] {KSystems} i was shaken out when it touched .99

[12:40] {dptl} hehe ...you won out .30 ty

[12:40] {Threei}  uh, no

[12:40] {Threei}  dp :)

[12:41] {Threei}  sharp spike down, just 1 cents under 9, and lower band came right there for support

[12:41] {Threei}  I usually don't exit that literally

[12:41] {Threei}  typical shakeout

[12:41] {KSystems} yes...now i do see it

[12:42] {Threei}  better give it a few cents more, especially considering that first half was secured already

[12:42] {KSystems} i see

[12:42] {KSystems} thanks

[12:42] {Threei}  :)

[12:42] {wishbone} thnxs for the insight vad

[12:43] {wishbone} i've been shaken out like that many times before

[12:46] {Threei}  if you see the pattern repeating that undermines your pwrformance... what do you do? :)

[12:46] {Threei}  have a look at MPP part discussing optimizing your performance

[12:47] {Threei}  deals with exactly this

[12:48] {KSystems} I may have misinterpreted the situation with "dont lower your stop just because it may be triggered"

[12:48] {KSystems} and accepted it

[12:49] {Threei}  okay, let's make this distinction, lest I give an impression I advocate ignoring or discretionary widening the stops

[12:50] {Threei}  last thing you want to do is to move your stop lower simply because you don't want to take a loss

[12:50] {Threei}  what I mean here is the following

[12:50] {Threei}  Now and then you run stats on your trades as discussed in MPP

[12:50] {Threei}  to see if there is a certain pattern

[12:50] {Threei}  repeating itself over and over

[12:51] {Threei}  and taking you our ot trades too soon or too late.

[12:51] {lisa_jay} I think this is why you prefer to use manual stops vs. putting in system.

[12:51] {Threei}  Overtightened stops will for example be obvious if you see that on too many of your trades stock reversed very close to your stop point,

[12:51] {Threei}  just enough to shake you out.

[12:52] {Threei}  You will put your entries and exits on the chart

[12:52] {Threei}  and see what happened after your exit.

[12:52] {Threei}  If most of them did just that - you know your stops are too tight.

[12:52] {Threei}  You run very simple stats thaty show you how your result would look had ttou move a stop a few cents lower

[12:53] {Threei}  You see your profit increasing - you got your answer.

[12:53] {Threei}  This pattern of stocks diving 1-2 cents under your trailed stop and reversing immediately - I saw it way too often,

[12:53] {wishbone} can u print graphs from laser?

[12:53] {Threei}  started looking at charts closer

[12:54] {Threei}  and saw that in cases when stop was touched on sharp spike down

[12:54] {Threei}  and on touch of lowed band

[12:54] {Threei}  lower

[12:54] {KSystems} =bollinger band?

[12:54] {Threei}  they bounced immediately more often than tey continued down

[12:54] {Threei}  yes

[12:54] {KSystems} ok

[12:55] {Threei}  so, I run some paper trades

[12:55] {Threei}  saw the effectiveness of correction

[12:55] {Threei}  and made it.

[12:55] {KSystems} great advise as usual, thank you

[12:55] {KSystems} I am actually on paper for the rest of the year, to sort out things like that

[12:55] {Threei}  oh, it's all in MPP...

[12:55] {KSystems} going to go live in january

06[12:55] * Threei slaps KSystems around a bit with a large Master Profit Plan

[12:55] {wishbone} Vad is this partly why you changed band to 13 and st dev to 1.7?

[12:56] {KSystems} I should read it again

[12:56] {Threei}  just found that setting works better for intraday wishbone

[12:56] {wishbone} ok ty

[12:58] {Threei}  I am about to cry here

[12:58] {Threei}  profitable day again

[12:58] {Threei}  (so far)

[12:59] {Threei}  scared to get out of the house, briicks ough to start dropping from the sky on me

[13:00] {Threei}  lisa... you promised to laugh at my next not funny joke???

[13:00] {Threei}  that ws as it!

[13:00] {magoo} ivve seen a change in your trading vad since reading MTT

[13:00] {lisa_jay} oh....well.

[13:00] {Threei}  sigh

[13:00] {magoo} mtt=magoos trading techniques

[13:00] {Threei}  magoo... sorry, lost me

[13:01] {Threei}  ah

[13:01] {Threei}  that

[13:01] {Threei}  I honestly tried to read it

[13:01] {Threei}  but come on, you could put more in there that drunkenly drawn sketches of beer bottle and naked women

[13:02] {lisa_jay} Do you have any old Russian remedies for warding off evil (jealousy) Vad.  Then just follow it step by step.

[13:03] {Threei}  jealousy of what?

[13:03] {lisa_jay} You said that you were scared to go out of house due to everyday being profitable.

[13:04] {Threei}  well... it's unnaturally long streak

[13:04] {dino} ironically, magoo's always ducking out of the way of (thrown) bricks

[13:04] {Threei}  and I start feeling sometimes that posting those days one after another I start looking like one of those gurus who claim never being wrong

[13:04] {lisa_jay} :-)

[13:04] {Threei}  but hell... record is public in a form of calls in trading logs

[13:05] {Threei}  and yes, I do have recipe

[13:05] {Threei}  or to be exact modification

[13:05] {KSystems} We can quote that as {Threei} [...] I start feeling [...] like one of those gurus [...] never being wrong

[13:06] {Threei}  they say a cure from one woman is another... so to apply it to trading, best cure is do the same

[13:06] {dino} lol ks

[13:06] {wishbone} lol ks

[13:07] {wishbone} spin city

[13:14] {dino} mcd sm s .34

[13:33] {magoo} .

[13:39] {Threei}  http://realitytrader.com/vad/Tofino/

[13:39] {Threei}  uploaded a few photos for you

[13:40] {Threei}  chaeron... you specifically asked

[13:40] {Threei}  so I'll pretend that was for you personally, just to make you feel special

[13:40] {dino}  cov mcd .96, +.40

[13:41] {peterg} nice, can almost hear the waves

[13:41] {peterg} nice you too dino

[13:41] {peterg} you worked for it

[13:41] {Threei}  I made a little slide show with just that sound effect :)

[13:41] {dino} ty pete

[13:41] {wishbone} that one wi/ the wave curl is cool

[13:42] {Threei}  but I'll be damned if I know how to upload it

[13:42] {Threei}  whatever I do, only clickable image appears,

[13:42] {Threei}  and won't play after clicking on it

[13:42] {KSystems} what program did you make the slideshow with?

[13:42] {Threei}  Proshow Producer

[13:43] {Threei}  it gave me three files

[13:43] {dino} hmmm, mkt dropped about same time as yesterday

[13:43] {KSystems} which ones?

[13:43] {Threei}  html, swf and fiv

[13:43] {KSystems} i mean, the extension

[13:43] {KSystems} ahh

[13:43] {Threei}  uploaded all three

[13:43] {KSystems} just the biggest one

[13:43] {patience} chart patterns i'm watching have been pretty similar last few days dino

[13:43] {Threei}  fiv

[13:43] {KSystems} u sure its not flv?

[13:44] {Threei}  flv

[13:44] {KSystems} great

[13:44] {KSystems} its the format youtube uses

[13:45] {KSystems} you can upload it there

[13:45] {Threei}  can I upload it to my site?

[13:45] {Threei}  I know it's possible, my videointerview ikn that format

[13:45] {KSystems} yes just upload it

[13:45] {KSystems} it should play

[13:46] {Threei}  ok, trying again

[13:46] {Threei}  to the same folder, will tell when it's there

[13:46] {Geo} back.... we in anything?

[13:47] {Threei}  no

[13:47] {Geo} cool

[13:47] {Threei}  missed nice DRYS trade earlier

[13:47] {Threei}  you missed I mean

[13:47] {Geo} ah well kids recital worth it

[13:47] {peterg} what instrument?

[13:47] {Geo} nah christmas recital singing

[13:47] {peterg} voice instrument

[13:48] {Geo} she is 4

[13:48] {peterg} cute

[13:48] {Threei}  {wishbone} that one wi/ the wave curl is cool

[13:48] {Threei}  [13:42] {Threei} but I'll be damned if I know how to upload it

[13:48] {dino} wmt sm l .06

[13:48] {dino} stop lod

[13:49] {Threei}  wishbone... can't tell you hiow many shots it took to catch that moment :)

[13:49] {wishbone} and it's breaking against the rocks on rhs

[13:50] {wishbone} how close were you....were you using zoom?

[13:50] {Threei}  also had to watch out... position on the top of those rocks gave the bext angle but didn't feel very safe, lol

[13:50] {wishbone} ya i bet lol

[13:50] {Threei}  fairly close

[13:50] {Threei}  and patience scared me with tales of rogue waves

[13:51] {Threei}  KS... uploaded

[13:51] {KSystems} ok  its playing here

[13:51] {KSystems} but it may be because of some extra software i have installed

[13:51] {KSystems} can someone else try as well?

[13:52] {lisa_jay} tofino show..played on my computer too.

[13:52] {Threei}  OK... enjoy then :)

[13:52] {lisa_jay} thanks vad

[13:52] {Threei}  I'll watch it on my belowed big screen tv in dvd format, lol

[13:53] {Threei}  or beloved

[13:53] {Threei}  not sure what I need to do to embed it... when I click it suggests me to download it

[13:55] {KSystems} thats right

[13:55] {KSystems} download it and play it in a media player

[13:55] {KSystems} its not too trivial to embed it

[13:56] {Threei}  well, html file it created opens it embedded on my comp

[13:56] {Threei}  but not when I upload it

[13:56] {patience} very beautiful vad

[13:56] {Threei}  ty

[13:59] {Threei}  oh, and music... I composed and played too

06[14:00] * Threei is thinking, what the heck, bricks are going to drop on my head anyway, might just as well take some more credits

[14:01] {peterg} Im dreaming of a white brickmas

[14:02] {peterg} est. time to complete tofino download; five minutes

[14:02] {Threei}  wow

[14:03] {peterg} must be feature lenght movie hm?

[14:03] {peterg} or computer inhabited by gremlins, etc

[14:03] {Threei}  what are you, on 32K modem? :)

[14:03] {peterg} original 2k

[14:04] {peterg} nah, full bore adsl

[14:04] {Threei}  it's just 33 MB

[14:04] {peterg} well, maybe Ill end up hosting your site in my computer

[14:09] {dino}  out wmt .40, +.34

[14:09] {lisa_jay} nice dino

[14:09] {patience} you're having a good day dino

[14:09] {dino} finally,

[14:10] {dino} dec. hot and cold

[14:16] {Threei}  got a feeling DRYS is preparing surprise?

[14:18] {peterg} up or down?

[14:18] {Threei}  up...

[14:18] {peterg} calling it?

[14:19] {Threei}  tentatively

[14:19] {Threei}  needs market help

[14:20] {peterg} not getting it yet

[14:20] {Threei}  no

[14:21] {Threei}  but if market bounces, .31 long for scalp[

[14:21] {Threei}  with stop under .25 or .20

[14:23] {Threei}  half out

[14:23] {Threei}  .43

[14:23] {peterg} got .08 ty vad

[14:23] {Threei}  :)

[14:24] {KSystems} ok ladies and gentlemen

[14:24] {KSystems} I'm out for the day

[14:24] {Threei}  take care ks

[14:24] {KSystems} Have a great weekend and see you all on Monday!

[14:24] {peterg} K K! 

[14:24] {magoo} bye KS

[14:24] {wishbone} cya ks

[14:29] {dino} cya ks

[14:35] {dino} t & hon raised dividends today

[14:39] {Threei}  see how willing DRYS is?

[14:41] {Threei}  interestinfg scalpable pattern on it

[14:41] {Threei}  huge offer taken out

[14:41] {Threei}  almost always gives quick relatively safe 10-15 cents

[14:42] {Geo} got it

[14:42] {Geo} had missed your last call

[14:43] {Threei}  .42 was latest instance

[14:43] {Threei}  but broke while I typed

06[14:43] * Chaeron slaps laserdave1 around a bit with a large trout

[14:44] {Chaeron} Dave - please DCC

[14:44] {dino} out geoy .82, +.31

[14:44] {Threei}  wtg

[14:44] {dino} took a(w)hile

[14:45] {dino} c'mon, family guy joke

[14:45] {Threei}  gosh

[14:45] {Threei}  now I remember :)

[14:46] {dino} :)

[14:46] {Chaeron} heheh... love Stewie

[14:46] {Threei}  wouldn't get it without explanation :)

[14:48] {dino} funny show

[14:48] {dino} brbv

[14:50] {Threei}  market helps

[14:52] {Chaeron} DCC Dave?

[14:52] {Geo} in

[14:52] {Threei}  from?

06[14:53] * Chaeron slaps laserdave1 around a bit with a large trout

[14:53] {Geo} .7

[14:53] {Threei}  saw that huge offer being taken out?

[14:53] {Geo} y

[14:53] {Threei}  cool beans

[14:53] {dino} oil waking

[14:53] {Geo} loving it vad

[14:53] {Threei}  I hit it too, but I went for scalp type I

[14:54] {Geo} still nursing 200

[14:54] {Geo} out

[14:54] {Threei}  love it when I describe a pattern and you guys utilize it on your own

[14:55] {Threei}  like with those UAUA teleportations

[14:55] {Threei}  tricks that appear now and then on different stocks and are very playable by careful observer

[14:56] {Threei}  CREE

[14:56] {Threei}  TICKING HIGHER AS CEO APPEARS ON CNBC

[14:56] {Threei}  - CEO: Expects to benefit from any Obama Administration, state government spending on energy efficiency.

[14:58] {Threei}  so Geo

[14:58] {Threei}  your wining streak continues uninterrupted?

[14:58] {Geo} this is third week

[14:59] {Threei}  good

[14:59] {Geo} averaged 1X for me overall

[14:59] {Threei}  I am looking for someone to get hit by brick rain

[14:59] {Geo} having lower X helps confidence lol

[14:59] {Threei}  so I don't feel alone

[14:59] {Geo} not me

[14:59] {Geo} i was pious at christmas recital

06[15:00] * Geo folds hands and looks sideways

[15:00] {Threei}  you'd better take that .80 break on DRYS

[15:00] {Threei}  worked like charm for a quick scalp again

[15:01] {Geo} slowing down as goal met

[15:01] {Geo} now only will take gold plated blinking light calls

[15:01] {Threei}  I just can't pass free money

[15:01] {Geo} sigh

[15:01] {Geo} 100 at .86

[15:01] {Threei}  I mean, Qs spiking, huge offer at day's high being scrolled through

[15:02] {Geo} beautifull

[15:02] {Chaeron} dang it I knew I shoud have gotten that Platinum Membership like Geo has  with th blinking lights and whistles.

[15:02] {Threei}  virtually guaranteed 5-6 cents in 5 seconds

[15:02] {Threei}  how can I skeip it

[15:02] {Threei}  with market being jerky and sensitive to news that may come out any swcond, I prefer to do type I on these right now

[15:03] {dino} out oxy at .20, +.50

[15:03] {Threei}  wow dino

[15:03] {Geo} dino taking revenge for last couple of das

[15:03] {Threei}  das included?

[15:03] {Geo} das boot !!!

[15:04] {dino} lol geo just lucky

[15:09] {Threei}  I just finished conversation with the luckiest person on earth

[15:09] {Threei}  get this

[15:09] {Threei}  guy phones, old buddy I haven't headr from in about a year

[15:09] {Threei}  says listen,

[15:10] {Threei}  I was terribly busy with some personal stuff, romance got bad, then good, then bad again, in short - total seesaw in personal life

[15:10] {Threei}  and now that I got a chance to look around

[15:10] {Threei}  I hear there is some financial crisis or something

[15:11] {Threei}  could you give me quick breakdown what that's about?

[15:11] {Threei}  I said, you know what... live happily for a few months more, I'll tell you when it's over one way or another

[15:12] {Threei}  I am full of envy

[15:14] {Threei}  okay, no one talks to me... monastery

[15:14] {lisa_jay} Friday evening...

[15:14] {Threei}  happy hour in monastery

[15:15] {Threei}  sen Dodd on TV

[15:16] {dino} who was that rfr calling?

[15:16] {Threei}  lol

[15:17] {dino} i was serious

[15:17] {Threei}  no :)

[15:17] {Threei}  SEN DODD: WHITE HOUSE MAY ANNOUNCE SOME ACTION ON AUTOMAKER BAILOUT LATER TODAY OR THIS WEEKEND

[15:17] {Threei}  {GM F}

[15:22] {laserdave1} chaeron dcc

[15:31] {dino} vad, gj on the calm/lay-back speech this morning, helped me out

[15:32] {Threei}  :)

[15:32] {patience} dino, you making the 3:40 call?

[15:36] {dino} i just said it to magoo, gun them up at 3:40, let's see

[15:36] {Threei}  dawg, you alive out there?

[15:36] {Threei}  haven't heard from you in a week

[15:38] {dino} here it goes

[15:39] {Threei}  .45 drys

[15:39] {Threei}  huge offer

[15:39] {dino} theres' 50 pts dji

[15:41] {dawg} just getting use to Laser Vad only had it running since Monday but a nice trade in Drys thank you!

[15:41] {Threei}  :)

[15:42] {Threei}  don't hesitate to ask if have questions

[15:42] {Threei}  and bug dave to no end

[15:42] {lisa_jay} Hi Dawg!

[15:42] {dawg} Will do ty

[15:42] {Threei}  getting feel for how powerful that thing is?

[15:42] {dawg} Hi Lisa you have been doing well

[15:43] {lisa_jay} Been distracted a lot...got sick kids back to back staying home :-(

[15:44] {lisa_jay} Not much time to trade.

[15:44] {dawg} I know how  that goes Lisa

[15:46] {dino} hows that for a 3:40

[15:46] {patience} yup, they are using the same pattern

[15:47] {dptl} have a good weekend all

[15:48] {lisa_jay} Bye DPTL

[15:48] {Threei}  take care dp

[15:48] {dino} between 12-1:30 they bring them down too patience, look at 5 day

[15:48] {dino} cya dp

[15:49] {patience} i've taken to watching the 10 minute charts to get a better idea of what is happening

[15:50] {dino} i like daily/3 ,in and 5 day 12

[15:50] {dino} in=min

[15:52] {Threei}  going to wrap it up on this

[15:52] {Threei}  thank you all, have a great relaxing weekend

[15:52] {Threei}  see you all on Monday

[15:53] {lisa_jay} Thanks Vad.  Learnt a lot this week.  

[15:53] {Threei}  great to hear Lisa

[15:53] {Threei}  I intend to be here for a few weeks more, before I finally depart to my monastery...

[15:53] {Threei}  so... :)

[15:54] {lisa_jay} Will figure out which monastery...and send Geo and Chaeron with new questions for you.

[15:54] {dino} lol

[15:54] {dino} you aren't going anywhere hot shot

[15:55] {Threei}  make sure they carry a lot of beer, meat and, ummm, deep scientific magazines

[15:55] {lisa_jay} I'm sure they will. 

[16:06] {dino} gn all

Dec 11 00:00:01 2008

Great start of the day with silver and gold stocks. Drab afternoon with some scalps, some stops - pretty much a wash. On the total, another nice day that we could pretty much end in an hour after open. Had a chance for a nice real time demonstration of trades based on former resistance/new support.

                     

Session Time: Thu Dec 11 00:00:01 2008

[08:10] {Threei}  PREVIEW: US INITIAL JOBLESS CLAIMS DATA DUE OUT AT 8:30 AM ET

[08:10] {Threei}  - Expectations for initial claims are 525K v prior release of 509K

[08:10] {Threei}  - Continuing claims seen at 4.100M v prior 4.087M.

[08:18] {Threei}  BALTIC DRY BULK INDEX +2.9%

[08:19] {Threei}  A FOURTH STRAIGHT INCREASE

[08:19] {Threei}  {DRYS EGLE DSX EXM}

[08:30] {Threei}  INITIAL JOBLESS CLAIMS: 573K V 525KE; CONTINUING CLAIMS: 4.429M V 4.100ME

[08:30] {Threei}  yikes

[08:31] {Threei}  *OCT TRADE BALANCE: -$57.2B V -$53.5BE

[08:39] {Threei}  DRYS

[08:39] {Threei}  10.02 yest low

[08:39] {Threei}  loses 10 now

[08:40] {Threei}  small shares short

[08:40] {Threei}  ugh

[08:40] {Threei}  don't chase

[08:42] {Threei}  got just 200 shares

[08:42] {Threei}  hardly worth much... but will consider it morning warm-up

[08:42] {Threei}  covered half .80

[08:43] {Threei}  ummm... half of 200 shares {G}

[08:43] {_elepet} I am having trouble understanding what goes on.  could you please explain in detail what you just did?

[08:43] {Threei}  shorted 10 breakdown on DRYS

[08:44] {Threei}  out 9.59

[08:45] {Threei}  [08:39] {Threei} 10.02 yest low

[08:45] {Threei}  [08:39] {Threei} loses 10 now

[08:45] {Threei}  [08:40] {Threei} small shares short

[08:45] {Threei}  two days support breakdown

[08:45] {Threei}  serves as short trigger

[08:46] {Threei}  helps, elepet?

[08:47] {_elepet} a bit.  now it has started back up. shorts covering?

[08:47] {Threei}  and borttom fishing

[08:47] {_elepet} would you consider buying long at any oint?

[08:48] {Threei}  not yet

[08:50] {Threei}  I don't enter randomly... need a setup

[08:50] {Threei}  that breakdown was one

[08:51] {Threei}  bounce was from arbitrary point, can't read it

[08:51] {_elepet} please explain "setup" in this situation.

[08:51] {Threei}  setup is a certain chart formation

[08:51] {Threei}  providing favorable odds

[09:01] {_elepet} If two days breakin support triggers short, is there anything like that which triggers long?

[09:02] {_elepet} I am somewhat "chart challanged"

[09:03] {_elepet} watching tape, i would have gone long again at about 10.10

[09:04] {Threei}  there are a lot of setups

[09:04] {Threei}  can't really answer that without retyping two books here :)

[09:04] {Geo} gm

[09:05] {Threei}  Geo :)

[09:05] {Geo} i see yo made a killing on DRYS vad :)

[09:05] {Threei}  lol

[09:07] {tomg} good morning all

[09:07] {Threei}  tom :)

[09:08] {tomg} vad, can you look back at 13:49 yesterday and tell me what setup you saw for Q's?

[09:10] {Threei}  pullback after breakout, conservative entry

[09:11] {tomg} ok, ty but it's hard for me to see that one

[09:12] {Threei}  didn't work anyway

[09:12] {Threei}  so who cares {G}

[09:12] {tomg} i saw h&s and failure to make new highs at about 13:17

[09:12] {tomg} i care

[09:13] {tomg} for next time :)

[09:14] {lisa_jay} Charts can be seen differently by different folks.  Just control risk and trade sestup.  Dinoism, Vadism.

[09:14] {tomg} just don't see breakout point, that's all

[09:15] {Threei}  let's try to go over it when it appears next time, easier for me to do it when it's fresh

[09:15] {tomg} ok

[09:15] {Threei}  alzheimer, you know...

[09:15] {Onix} Good morning all

[09:15] {Threei}  plus, I tend to forget about those that don't work in a span of whole 1 minute

[09:15] {Threei}  onix :)

[09:16] {ese} morning

[09:16] {Threei}  ese :)

[09:16] {Onix} hi ese

[09:16] {KSystems} Good morning!

[09:16] {Threei}  ks :)

[09:16] {KSystems} vad :) long time no see

[09:17] {Onix} hi ks

[09:17] {KSystems} hey Onix

[09:17] {Threei}  hey... don't overestimate my alzheimer :)

[09:17] {Threei}  I do remember I've seen you yesterday

[09:18] {brian3579} gm all

[09:19] {dino} gm all

[09:19] {Threei}  brian, dino :)

[09:20] {hawkfan4} morning

[09:20] {_elepet} Oh, good morning everybody.  Am I the only trial member here?

[09:20] {Onix} hi brian & dino

[09:20] {dino} lol, afam out just now +.91

[09:21] {Threei}  hawk :)

[09:21] {hawkfan4} gm elepet, looks that way :)

[09:21] {Onix} gm elepet

[09:22] {_elepet} I have lots of questions. maybe I'll wait for the time of day when the doldroms set in.

[09:22] {patience} that would be august

[09:22] {patience} good morning

[09:22] {Threei}  lol

[09:22] {KSystems} :)

[09:22] {Threei}  good morning patience

[09:22] {Threei}  CIEN

[09:22] {Threei}  CO. BELIEVES IT CAN TURN A PROFIT IN 2009 - CONF CALL

[09:23] {dino} lol patience

[09:23] {dino} welcome to the jungle elepet

[09:24] {Onix} hi patience

[09:25] {patience} hi onix, looking to dump my silver wheaton shortly

[09:25] {patience} will be watching the VIX today, I still can't believe market going up

[09:25] {Onix} yes, i suppose it will move down shortly after opening?

[09:27] {dino} believe patience, believe...plus i have some nice swamp land for sale

[09:27] {Onix} lol

[09:27] {patience} i have some northern ocean front for sale too dino

[09:27] {dino} :)

[09:33] {lisa_jay} .

[09:34] {magoo} lksfdijhfdhfdhjjhl

[09:34] {Threei} Long Setup:  SSRI  half lot 10 break

[09:34] {Threei}  if stays above .85

[09:35] {Geo} 11

[09:35] {Threei}  11, sorry

[09:36] {dino} well the fri close gap filled finally

[09:37] {magoo} SIGH..not one of u gave a "good morning magoo"

[09:38] {lisa_jay} Good morning Magoo.

[09:38] {patience} we know you're shy magoo

[09:40] {Threei}  oh hi magoo

[09:41] {lisa_jay} Are nasdaq stocks updating for you all?

[09:41] {Threei}  yes

[09:42] {lisa_jay} Ok, thanks.

[09:47] {Threei} Long Setup:  RGLD  small shares .50 break

[09:48] {Threei}  stop under .30

[09:48] {Threei}  thin one

[09:49] {Threei}  SSRI will be valid again if pulls back slightly and stays above .85 again

[09:50] {Threei}  or consolidates here for a few minutes

[09:50] {patience} out slw +.93

[09:50] {patience} hated holding overnight

[09:50] {lisa_jay} nice

[09:50] {Onix} gj

[09:50] {Threei}  wtg

[09:51] {patience} ty  :)

[09:52] {peterg} morning

[09:52] {Threei}  peter :)

[09:52] {Chaeron} good morning all.... nice hold patience

[09:52] {Threei}  chaeron :)

[09:53] {dino} gj patience

[09:53] {Threei}  half out SSRI

[09:53] {Threei}  +.20

[09:54] {_elepet} when did you get in. i missed that

[09:54] {Threei}  [09:34] {Threei} Long Setup: SSRI half lot 11 break

[09:54] {Threei}  [09:49] {Threei} SSRI will be valid again if pulls back slightly and stays above .85 again

[09:54] {Threei}  [09:50] {Threei} or consolidates here for a few minutes

[09:54] {KSystems} got from .01 to .19 half, thanks

[09:55] {Threei}  :)

[09:55] {Geo} final target vad?

[09:55] {Threei}  it broke 11 at 9:52 elepet... seee that?

[09:56] {_elepet} yes, but i wasn't clear that you actually bought then. now i see.

[09:56] {Threei}  it triggers, I enter

[09:56] {Threei}  next spike Geo... feeling is somewhere above .40

[09:57] {Geo} ty

[09:57] {magoo} i hit RGLD .38

[09:57] {_elepet} so i guess if i got in now it would be "chasing" and don't do it?

[09:58] {Threei}  that would be a whole lot of chasing

[09:58] {Threei}  we already sold half, why would tou want to enter 3o cents above trigger price

[09:58] {peterg} to make a dime?

[09:58] {Threei}  risking over 30 cents stop? :)

[09:59] {peterg} aha

[09:59] {Threei}  not my idea of right way to trade

[09:59] {wishbone} ssri shares sold 2, 3, 4 at  time

[10:00] {_elepet} I keep watching drys go up. but in never hit your trigger?

[10:00] {patience} slw on coke,,,crying, i left much on the table

[10:01] {wishbone} ssri +.31 ty vad

[10:01] {Threei}  wishbone :)

[10:01] {Threei}  I never had a call on DRYS

[10:02] {dino} what?! patience, just say no

[10:02] {magoo} vad..last night i was dreaming in a trade u called 

[10:02] {Geo} sheesh

[10:02] {patience} bitter bitter tears, i coulda had the 60 inch tv

[10:02] {peterg} the fifty aint half bad

[10:02] {Geo} now thats a true lament patience

[10:03] {patience} funny thing is...i don't watch tv, but my daughter wants one

[10:03] {peterg} of course

[10:03] {tomg} i've done that magoo, more than once :)

[10:03] {Chaeron} day isn't over yet patience...

[10:03] {dino} hearing the same in my house

[10:03] {tomg} would never have admitted in here, though :)

[10:03] {Chaeron} just get another trade

[10:03] {Threei}  mags, consider exiting RGLD into spike over .70

[10:04] {Geo} my 4 year  old went to a friends house and was mortified that they didnt have a tv in their bedroom

[10:04] {Geo} i need to manage expectations better

[10:04] {dino} how do they watch the vidioes then?

[10:04] {Threei}  out second half SSRI .42

[10:04] {peterg} tv in every room?

[10:04] {Geo} lol

[10:04] {Onix} wtg

[10:04] {wishbone} dino lol

[10:04] {magoo} anyone get RGLD with me?

[10:04] {patience} hiding

[10:05] {dino} vno sm l .90

[10:06] {Threei}  [10:03] {Threei} mags, consider exiting RGLD into spike over .70

[10:06] {Geo} exited as per bad 20 cens thanks

[10:06] {magoo} oops lol

[10:06] {Threei}  [10:06] {Threei} [10:03] {Threei} mags, consider exiting RGLD into spike over .70

[10:07] {Geo} all out .49 ssri

[10:07] {Geo} thanks vad

[10:07] {Threei}  welcome

[10:07] {ese} L HERO .72    see if can make the jump to 6}00

[10:07] {dino} vno stopped -.32

[10:07] {magoo} out TY

[10:07] {ese} aggressive entry

[10:11] {dino} vno rinsed

[10:12] {Threei}  WHITE HOUSE: "THERE IS A CHANCE" THAT THE SENATE MAY PASS LEGISLATION REGARDING AUTO AID

[10:12] {Threei}  - Note: Yesterday the Senate Republican caucus was vocally against the bill, and at least one Democratic Senator was also against the bill.{GM F}

[10:15] {magoo} if QQQQ goes up...i like it long here he he

[10:15] {Threei} Long Setup:  QQQQ  30 break if stays above .90

[10:15] {magoo} great minds 

[10:15] {ese} stop to .75 HERO 

[10:16] {Threei}  in Qs aggresively

[10:16] {Threei}  .91

[10:17] {Threei}  stop under .85

[10:17] {magoo} too funny..92 here

[10:18] {Threei}  ideally, it would spike into 30 now for half out, and then broke for another half

[10:18] {Geo} in .91 too

[10:18] {Geo} 10 lots

[10:18] {Threei}  10 eh?

[10:18] {Geo} hehehe

[10:19] {Geo} just helping you along

[10:19] {Threei}  kick it too then

[10:19] {Threei}  ah come on, was almost there

[10:19] {ese} out HERO .94 +.22 on a lot and a 1/2

[10:19] {Threei}  (US) SENATOR CORKER: NOTES THAT MANY REPUBLICNAS WOULD LIKE TO SEE BANKRUPTY FOR AUTO FIRMS

[10:20] {Threei}  wtg ese

[10:20] {ese} volume was kinda thin for  alot and a 1/2 but if ya can't have fun once in a while.........when can ya eh?

[10:20] {Threei}  move your butt QQQQ

[10:20] {Threei}  half out .99

[10:21] {Geo} yessssssss

[10:21] {KSystems} me too

[10:21] {Threei}  had two lots

[10:21] {Geo} me too

[10:21] {KSystems} not me

[10:22] {wishbone} out q's 30

06[10:22] * magoo slaps Geo around a bit with a large a word of caution to the newbie he he

[10:22] {Geo} its thick and gives many chances to be right or wrong

[10:22] {Threei}  sooo

[10:22] {Threei}  stop is .89 now

[10:22] {Threei}  offering 1/4 more 30.10

[10:22] {dino} axys v sm l .30 wide risky

[10:22] {Geo} thanks magoo

[10:23] {magoo} just keep the stops as size goes up bro...trust magoo

[10:23] {Geo} yeah real diligent on stops

[10:23] {magoo} double loses twice as fast 

[10:23] {Geo} agree

[10:23] {Geo} i only do it in QQQQ as small stops and thick

[10:23] {Threei}  it would be so even if you disagreed...

[10:23] {Geo} mannn almost filled

[10:23] {KSystems} I'm waiting at .10 for another 1/4

06[10:24] * Geo slaps Geo around a bit with a large rich and hated manual

[10:24] {Threei}  ah come on

[10:24] {Threei}  ok

[10:24] {Geo} yessssss

06[10:24] * magoo slaps Threei around a bit with a large book of wisdom

[10:24] {Threei}  out 1/4 more

[10:24] {Threei}  stop to .95

[10:24] {Geo} half lot left

[10:24] {Geo} aitting at .2

[10:24] {Geo} sitting

[10:24] {Threei}  offering last portion at the price to be determined yet

[10:25] {Geo} wow hero ese

[10:25] {magoo} hurry up so i can undercut u lol

[10:25] {Threei}  lol

[10:25] {Geo} dont think undersut works in Qs

[10:25] {Geo} gld ill belive and do it !

[10:25] {Geo} hmm undershirt

[10:27] {magoo} out .09

[10:27] {magoo} btw

[10:28] {magoo} id thank u but it was my call he he

[10:28] {Geo} imo pullback only

[10:28] {magoo} [10:15] {magoo} if QQQQ goes up...i like it long here he he

[10:28] {magoo} [10:15] {Threei} Long Setup:  QQQQ  30 break if stays above .90

[10:28] {Geo} sitting at previous close

[10:28] {Geo} shame on vad for mooching

[10:28] {magoo} nobody gets the joke??

[10:29] {magoo} of course if goes up we like it long

[10:29] {Geo} lolol

[10:29] {Geo} dint read detail

[10:29] {wishbone} ty magoo and vad for the synchronized call....is that an o;lympic sport? :)

[10:29] {Geo} ughhhh

[10:29] {Threei}  lol

[10:29] {Geo} ugly image of both swimming

[10:29] {magoo} hmmmmmmmmmm daytrading as an olym sport?

[10:30] {Geo} my burn retinas

[10:30] {wishbone} lol

[10:30] {wishbone} in speedos

[10:30] {magoo} magoo struggling to lift vad on ice

[10:31] {dino} axys stopped -.41 v sm

[10:31] {Geo} it def wants up

[10:32] {Geo} keeping my half lot

[10:34] {Threei}  stop to .99

[10:35] {Geo} any target yet vad?

[10:35] {Threei}  I am out

[10:36] {Threei}  too hard spike

[10:36] {Geo} out at .2

[10:36] {Threei}  yup, same here

[10:36] {Geo} thanks lord vadere

[10:36] {Threei}  welcome

[10:36] {Geo} previous close superstition

[10:36] {Geo} heheh nice out

[10:36] {Threei}  witness the dump

[10:36] {Threei}  lol

[10:36] {Chaeron} Qs in .91 out .18 for +$0.27.... thanks Vad

[10:36] {Threei}  :)

[10:37] {KSystems} is Q's action comparable to NQ?

[10:37] {Threei}  same thing

[10:37] {KSystems} k

[10:37] {Threei}  NQ is futs, Qs is cash

[10:38] {wishbone} geo, previous close superstition?

[10:38] {Geo} .20 was previous close

[10:38] {Geo} i used it as a res to exit

[10:39] {Geo} well no close but high of last candle

[10:39] {Geo} doesnt make sense  so called it superstition

[10:39] {wishbone} gotcha' ty

[10:40] {Geo} switching to profit protection mode....nice day eh vad?\

[10:41] {Threei}  very much so

[10:41] {dino} gj geo

[10:41] {peterg} good-oh gee-oh

[10:42] {dino} vno sm l .50

[10:44] {Threei}  exits into sharp spikes... how I like thee...

[10:44] {peterg} is a spike up or down?

[10:44] {peterg} or both

[10:44] {peterg} depending

[10:45] {peterg} exit into spike....hmmmm

[10:45] {peterg} I see, it is unknown

06[10:45] * Threei slaps peterg around a bit with a large book of Techniques of Tape Reading

[10:46] {peterg} my copy is at home

[10:46] {peterg} my dog ate it

[10:46] {lisa_jay} Vad, if one gets slapped repeatedly with the book can one absorb conents into brain.

[10:46] {peterg} wait, I dont have a gog

[10:46] {peterg} dog

[10:46] {Threei}  sharp upward spike with volume increase signifies what?

[10:46] {peterg} jbe

[10:46] {Threei}  that's the idea lisa

[10:47] {Threei}  JBE is consolidation setup

[10:47] {lisa_jay} Ok, then euphoria....

[10:47] {peterg} yes sensie

[10:47] {Threei}  there

[10:47] {Threei}  Euphoria

[10:47] {peterg} sensei

[10:47] {Threei}  which marks the what?

[10:47] {lisa_jay} Unload shares to suckers like me.

[10:47] {Threei}  lol

[10:48] {dino} lol

[10:48] {peterg} lisa is good student. I was always BAD student

[10:48] {Threei}  politically correct version is, it marks the end of the stage of the move

[10:48] {peterg} but I learned anuyway

[10:48] {lisa_jay} I am good only in theory...

[10:48] {peterg} thats good

[10:48] {peterg} a start

[10:48] {peterg} I learn backwards;

[10:48] {peterg} practice followed by theory

[10:49] {peterg} takes twenty or thirty years per skill

[10:49] {peterg} but when you get it its solid

[10:57] {lisa_jay} testing

[10:58] {Threei}  A+

[10:58] {lisa_jay} Thanks Vad.

[10:58] {lisa_jay} My microwave kills the connection.   Just wanted to make sure I am connected.

[10:59] {Threei} Long Setup:  GG  .60 break, half lot, if stays above .50

[11:01] {magoo} in gg

[11:02] {wishbone} in gg

[11:04] {Geo} out

[11:04] {wishbone} stopped gg

[11:04] {Geo} at .47

[11:05] {magoo} out

[11:05] {Geo} good to embrace stops

[11:06] {lisa_jay} stopped

[11:07] {dino} obama on

[11:08] {magoo} mkt usually likes osama

[11:08] {Threei}  shakeout

[11:08] {magoo} er um obama

[11:08] {Threei}  grr

[11:09] {Geo} i entered 50

[11:09] {Geo} out 60

[11:09] {Geo} just got the stop back

[11:09] {Geo} when heard the one is one

[11:10] {Geo} vad did you find th symbol?

[11:13] {Threei}  no

[11:13] {Threei}  asked dave to check but forgot to asak him what he found out

[11:15] {KSystems} I need to get the car back

[11:15] {KSystems} back in about 2h

[11:15] {Threei}  volume is so low on thia advance, I can't get a feel

[11:15] {KSystems} dont empty the market completely while I'm away

[11:15] {Threei}  what kind of a car if I may?

[11:15] {KSystems} Mazda MX-5

[11:16] {Threei}  ok... get it back then

[11:16] {KSystems} they sold it in north america as Miata I think

[11:16] {peterg} the cute convertible

[11:16] {Threei}  'cause if it's american-made, you may just as well not to bother {G}

[11:16] {Geo} fancy that

[11:16] {peterg} pls, north american made

[11:16] {Geo} germans buying cheap japanese

[11:16] {Geo} i have a mazda too

[11:17] {lisa_jay} which one Geo?

[11:17] {peterg} soon as vad makes me more money, im getting the big benz

[11:17] {Geo} cant fit in miata though

[11:17] {Geo} old 626

[11:17] {peterg} good car that

[11:17] {lisa_jay} Wow.

[11:17] {Geo} debating pilot or sequoia

[11:17] {peterg} sequoia so big

[11:17] {Threei}  read my lips:

[11:18] {Threei}  Nissan Murano

[11:18] {Geo} i need 3 rows

[11:18] {dino} still waiting for buy one get one free from us carmakers

[11:18] {Threei}  no you don't

[11:18] {Geo} kids + cycle etc in the back

[11:18] {Geo} we have good weather vad

[11:18] {Threei}  put kids on bicycles and make them chase you

[11:18] {Geo} so go out with lot os stuff

[11:18] {Geo} hehehehe

[11:19] {peterg} needs to have ipod connection built in

[11:19] {Threei}  sheesh, how many kids do tyou have??

[11:19] {dino} 3rd row is nice geo, i have it too

[11:19] {Geo} only 2

[11:19] {Threei}  so what's the problem

[11:19] {Threei}  bike rack

[11:19] {Geo} but its a pain when family visits

[11:19] {peterg} but its nice to have them as far back as possible

[11:19] {Threei}  kids go to back seat

[11:19] {Geo} and they visit a lot

06[11:19] * Geo thinks they visit more than they should

[11:20] {Threei}  well... buying bigger car for that you encourage more visits {G}

[11:20] {Geo} lol

[11:20] {lisa_jay} lol

[11:20] {Geo} its their grandkids

[11:20] {magoo} why is everyone ignoring magoo today????

[11:20] {Geo} ok magoo

[11:20] {Threei}  is magoo here?

[11:20] {Geo} which car and how many kids

[11:20] {peterg} who is magoo?

[11:20] {lisa_jay} I thoght you went to the pot** Magoo...market took a dive.

[11:21] {dino} lol

06[11:21] * peterg slaps Geo around a bit with a large diamond-encrusted 1959 Cadillac Coupe DeVille

[11:22] {Geo} yup dino third row is good for visitors and great to pt down and put stuff for day picnics

[11:22] {Geo} i dont like getting slapped with bankrupt company cars

[11:22] {peterg} this is a classic

[11:22] {peterg} monster fins from the past

[11:22] {Geo} how about the phaeton

[11:22] {peterg} the benz ?

[11:22] {peterg} nice

[11:23] {peterg} saw one once, like on rails

[11:23] {peterg} in NYC

[11:23] {peterg} no rolls phaeton

[11:23] {peterg} benz Mayfair, mayback

[11:23] {peterg} maybach

[11:23] {dino} geo, you worry too much, when they discount the cars 10k+, bankruptcy not really an issue, imo

[11:23] {laserdave1} laserdave1 slaps Threei around with a salami sandwhich

[11:24] {lisa_jay} big dive

[11:25] {Geo} hey dave whats the symbol of 30 year treasury bon

[11:25] {Threei}  wow

[11:25] {Threei}  what happened?

[11:25] {Geo} double top

[11:25] {Geo} aint i smart

[11:26] {peterg} qqqq looks like batman

[11:26] {Threei}  rofl

[11:26] {Threei}  what imagination

[11:26] {Geo} 1220 break short NQ in hindsight

[11:26] {dino} lol it does

[11:38] {Threei}  if you had this setup, why not short it on bounce into new resistance/former broken asupport?

[11:38] {Threei}  perfectly touched 1220 on bounce and dropped back

[11:39] {lisa_jay} That would be conservative entry Vad?

[11:39] {lisa_jay} for Double top?

[11:40] {patience} hey dino, how do we close today?

[11:43] {dino} wmt hl .50 l

[11:43] {dino} up the gut says

[11:43] {patience} ty

[11:44] {dino} axys no mercy

[11:45] {Threei}  yes lisa, plus this idea of support becoming resistance

[11:46] {lisa_jay} Ok, thanks Vad.

[11:47] {Threei}  let's do a quick educational review

[11:47] {Threei}  have a look at GG 1 minute

[11:47] {wishbone} ya

[11:48] {Threei}  from 1_45 to 11:20 roughly, it established .50 as support

[11:48] {Threei}  from 10:45

[11:48] {Threei}  11:24 it broke down

[11:48] {Threei}  now, after the drop, bounce reached this level

[11:49] {Threei}  now it served as resistance, and GG dropped off of it

[11:49] {Threei}  made higher low and restested resistance again,

[11:49] {Threei}  with higher low it became more likely to break it this time which it did

[11:50] {Threei}  after break it retreated twice into this former resistance, now support

[11:50] {Threei}  and both times held it, making it possible entry on a long side.

[11:50] {lisa_jay} yes

[11:51] {Threei}  when such pronounced levels are being established, there is ample opportunity for scalpers to play around it

[11:51] {lisa_jay} Vad, when there is a pullback, how do you determine when to enter.

[11:52] {Threei}  pretty much discretionary,

[11:52] {Threei}  general idea is:

[11:52] {lisa_jay} On first sign of strength? or put order in to be hit (which sometimes it does not).

[11:52] {Threei}  when it nears such level close enough for your risk comfort, you are watching for signs of strength resuming

[11:53] {dino} axys sm l .00

[11:54] {lisa_jay} GG goint to retest the .50 level again.

[11:55] {lisa_jay} Took 10c on it Thanks Vad.

[11:55] {Threei}  notice how lower Bollinger band came into .50 at the same time

[11:56] {Threei}  worked perfetcly

[11:56] {Threei}  and lisa profited from very fresh lesson

[11:56] {Threei}  lol

[11:56] {Threei}  could it be any more perfect

[11:56] {wishbone} kick ass....thanks Vad...nice work Lisa:)

[11:56] {Threei}  theory lesson turning into profit 3 mnutes later

[11:56] {lisa_jay} Thanks Wishbone.

[11:57] {Threei}  you guys must allow me one not funny joke for that... and laugh at it

[11:57] {lisa_jay} ok

[11:57] {wishbone} no arguments here!

[11:59] {wishbone} vad would you describe some signs strength?

[12:00] {Geo} forgot your setting vad

[12:00] {Geo} mind sharing the BB setting again?

[12:00] {Threei}  just level 2/T&S wishbone

[12:01] {Threei}  bids strengthening, offers thinning, prints switching to ask side, uptick

[12:01] {Geo} that line is gold vad

[12:01] {Threei}  geo: 13, stardard deviation 1.7

[12:02] {Geo} ty

[12:02] {Threei}  which line?

[12:02] {wishbone} ok ty vad

[12:02] {magoo} ok..i have apptmt today so have to leave

[12:02] {Geo} [09:01] {Threei}  bids strengthening, offers thinning, prints switching to ask side, uptick

[12:02] {magoo} ty all

[12:02] {Geo} wait mago!!!!!!!!!!!!!!!!!!!!!!!

[12:02] {Threei}  ah come on... standard thing

[12:02] {lisa_jay} Bye Magoo.

06[12:02] * Geo slaps magoo around a bit with a large trout

[12:02] {magoo} he he

[12:02] {Threei}  take care mags

[12:02] {dino} wmt stop to .94\

[12:03] {Geo} learning it real time wihle looking for it difficult

[12:04] {dino} out wmt +.44

[12:04] {lisa_jay} nice

[12:05] {dino} ty

[12:05] {Threei}  30.20 now QQQQ support

[12:06] {Threei}  was broken on a sharp spike so not very strong support

[12:06] {Threei}  but something to watch

[12:10] {lisa_jay} Q's broke out of flag on 60 min chart.

[12:31] {patience} is every on wall street at the christmas party?  is anything moving?

[12:31] {patience} everybody

[12:32] {dino} nope

[12:33] {Geo} zzzzzzzzzzzzzzzzzz

[12:33] {Threei}  yawn©

[12:35] {patience} ok, taking mom shopping, give us 20 minutes and the market should pop

[12:35] {wishbone} just took 40 winks:)

[12:35] {lisa_jay} lol

[12:35] {Threei}  please tell us where you shop if that publickly traded

[12:35] {lisa_jay} Yeah..should we buy COH, COST, M

[12:36] {Threei}  peter used to move RIMM for us when manoevered with Blackberry

[12:36] {peterg} sent it back, still using Motorola Razr

[12:43] {lisa_jay} GG did another retest of breakout level.

[12:43] {lisa_jay} .80 this time.

[12:44] {Threei}  works like charm eh?

[12:45] {Threei}  watch what it does near 29 now

[12:45] {Threei}  recently broken resistance

[12:46] {Geo} hey what happenned to the blinking color calls ?

[12:46] {Threei}  you didn't see those in the morning?

06[12:46] * Geo is not greedy?

[12:46] {Threei}  10:59 the most recent

[12:47] {Threei}  reversed off 29.03 lisa

[12:47] {lisa_jay} yes, too busy eaty spagetti...could have taken it off of .91.

[12:48] {Geo} mmmmm spagetti

[12:48] {Threei}  I would pick spaghetti too

[12:48] {lisa_jay} with tons of cheese...made of 5 year olds.  Yummy.

[12:48] {lisa_jay} beats getting .30c on trade anyday.  sigh.

[12:48] {Geo} depends on the lot size on the 20 cents lol

[12:48] {Geo} 30

[12:49] {lisa_jay} yeah

[12:49] {dino} lol

[12:50] {Threei}  but I am the guy who said (and got slapped for that) "Given a choice between heartburn and romance as a cause for some behavioral patterns, I'll name heartburn any day"

[12:50] {lisa_jay} lol

[12:50] {Geo} that was too deep

[12:50] {Threei}  that's me

[12:50] {Threei}  deep

[12:51] {Geo} lvs

[12:55] {Threei}  GG nonstop

[12:56] {lisa_jay} sob

[12:57] {Geo} serves both of yo right

[12:57] {Geo} teaching and learning rather than trading

[12:57] {lisa_jay} :-)

06[12:57] * Geo ducks

[12:57] {Threei}  I got it

[12:57] {Threei}  geo is taliban

[12:58] {Geo} wot???????????????

[12:58] {Threei}  hates the image of woman learning

[12:58] {dino} t sm l .50

[12:58] {Geo} you do realize taliban means student in urdu

[12:58] {Threei}  nope

[12:58] {Threei}  I don't even know what urud is

[12:58] {Threei}  urdu

[12:58] {Geo} derivative of arabic

[12:58] {Geo} spoken in south asia

06[12:59] * Threei decides against phrase "I don't even know what sia is"

[12:59] {Threei}  asia

[12:59] {Geo} its where russia claims to be

[12:59] {lisa_jay} Sia is a singer.

06[13:00] * Geo googling frantically

[13:00] {Geo} is she cute?

[13:00] {Threei}  it's he

06[13:00] * Threei ducks

[13:00] {Geo} nope

[13:00] {Geo} http://en.wikipedia.org/wiki/Sia_Furler

[13:00] {lisa_jay} I love her music, but not sure if she is cute...i don't swing that way.

[13:00] {Geo} no meat eating man will be named sia

[13:01] {Threei}  HIG, small bounce scalp if pulls back closer to 16

[13:04] {peterg} still lower on HIG?

[13:04] {Threei}  not taking it here

[13:04] {peterg} k

[13:04] {Threei}  too far from support

[13:05] {Threei}  meat eating man eh... I like this

06[13:07] * Threei slaps KSystems around a bit with a large clay model of Mazda MX-5

[13:08] {Threei}  finher on the trigger HIG

[13:08] {Geo} ot?

[13:08] {Geo} lot

[13:08] {Threei}  full

[13:09] {Threei}  in

[13:09] {Threei}  .03 and .04

[13:09] {Threei}  just a scalp, ridiculously tight stop

[13:10] {Geo} under 95?

[13:10] {lisa_jay} where stop vad

[13:10] {Threei}  either under .95 or even under 16

[13:10] {_elepet} in at .04

[13:10] {Threei}  this kind ofte requires a few tries

[13:10] {Threei}  high odds of shakeout

[13:12] {Threei}  no help from market

[13:13] {Geo} out

[13:14] {Threei}  no woprky

[13:14] {dino} out t

[13:42] {dino} vno sdm l .22

[13:43] {dino} sm

[13:45] {Geo} hullo?

[13:45] {Threei}  ewho are you calling hullo?

[13:45] {Geo} ok connected

[13:50] {lisa_jay} ggany read Vad?

[13:51] {lisa_jay} never mind

[13:54] {Geo} yawn (copyrighted)

[13:54] {dino} vno stop is .98

[13:54] {dino} stopped

[13:55] {lisa_jay} dumps

[13:55] {Geo} wow

[13:59] {Geo} inside day again i guess

[14:03] {Threei}  JPM

[14:03] {Threei}  CEO DIMON: DID NOT ASK FOR OR NEED TARP FUNDS - CNBC INTERVIEW

[14:14] {peterg} ok group, off to school conference for high school senior; nearing the end of these things!

[14:14] {peterg} make money & have fun

[14:14] {Threei}  take care peter

[14:14] {peterg} bye

[14:17] {dino} cya

[14:21] {Threei}  DEYS becomes a bounce candidate

[14:22] {Threei}  DRYS

[14:22] {Threei}  off 9.50 support with market help

[14:24] {Threei}  finger on the trigger

[14:24] {Threei}  first strength

[14:24] {Threei}  in

[14:24] {Threei}  stop under .30

[14:24] {Threei}  don't touch it if not ready for a few tries

[14:25] {Threei}  no go

[14:27] {Threei}  atempt #2 is coming

[14:36] {dino} afam hl l .50

[14:43] {Threei}  market just can't find footing

[14:43] {patience} office punch bowl must be spiked

[14:45] {lisa_jay} very strong selling

[14:45] {Threei}  with no news

[14:45] {lisa_jay} next week options expiry

[14:45] {KSystems} they've run out of bad news

[14:45] {KSystems} must be a bad sigh

[14:45] {Threei}  lol

[14:45] {KSystems} sign

[14:47] {dino} afam stopped sheesh

[14:49] {Threei}  one more leg down it seems

[14:55] {Threei}  been quite a while since we've seen such string selling

[14:55] {Threei}  strong

[14:55] {lisa_jay} yup

[14:55] {Geo} just when we were forgetting it

[14:56] {Geo} lets all thank jamie dimon

[14:56] {Threei}  what did he do?

[14:56] {Geo} Trading loans and high yields and mortgages; seeing constant credit deterioration, probably worse than they had expected

[14:56] {Geo} said this on cnbc

[14:57] {Geo} Said November has been a difficult month and it will be a tough Q4... December is 'doing pretty terrible', worse than expected

[14:57] {lisa_jay} We might get a gap fill Dino?

[14:58] {dino} got it 8635

[14:58] {dino} s&p filling

[14:59] {lisa_jay} nasdaq

[14:59] {wishbone} what is ticker for s&p in laser?

[14:59] {Threei}  bounce time

[14:59] {dino} spy

[14:59] {Threei}  "/sp8z"

[15:00] {Geo} today thurday probably switch to 9H

[15:00] {Threei}  oh yes

[15:00] {Threei}  forgetting rollover

[15:00] {lisa_jay} what are you looking for bounce Vad?

[15:01] {Geo} what bounce heheheheh\

[15:01] {Threei}  you sure you need this excitement lisa? :)

[15:01] {lisa_jay} :-)

[15:01] {wishbone} ty dino....vad /sp8z entered in trading settings doesn't work for me.....do i need to pay

[15:01] {Threei}  if yes, DRYS would be my preference

[15:01] {Threei}  it's a CME feed

[15:02] {wishbone} ok ty vad

[15:02] {Threei}  if you don't have it, you won't see those

[15:03] {Threei}  ok, if I can get DRYS at 8 I'll be all over it :)

[15:06] {Geo} all over it hmmmmmm

[15:08] {lisa_jay} Geo, not so inside a day anymore...sigh.

[15:08] {Threei}  missed it under .40... grrr

[15:20] {Threei}  8.75 break

[15:20] {Geo} stop vad?

[15:21] {Geo} below 60

[15:21] {Threei}  under .65 or .60

[15:21] {Geo} sorry .65

[15:25] {Threei}  half out

[15:25] {Threei}  .84

[15:26] {Threei}  out in full .93

[15:27] {lisa_jay} 18c Thanks Vad.

[15:27] {Threei}  welcome

[15:28] {wishbone} +18 ty vad

[15:28] {Threei}  :)

[15:34] {dino} gj

[15:34] {Threei}  what a reletnless selling

[15:34] {lisa_jay} Vad, how to determine if this is a double bottom on q's or not?  Thanks.

[15:35] {Threei}  doesn't look like one

[15:36] {Threei}  it may very well hold this support but I am not jazzed about buying here

[15:36] {Threei}  rather feels like more downside to me

[15:37] {lisa_jay} Ok, thanks.

[15:39] {dino} same feeling

[15:39] {dino} going for -300+

[15:39] {patience} tsx -302

[15:39] {peterg} back for close

[15:40] {peterg} in anything?

[15:40] {Threei}  not at the moment

[15:41] {Threei}  some stops some scalps while you were out

[15:41] {Threei}  nothing outstanding

[15:41] {Threei}  -249 Dow

[15:41] {Threei}  hello afternoon selloffs, long time no see

[15:43] {dino} afam big old rinse

[15:46] {patience} hmm...slw salmon

[15:46] {dino} classic 3:40 bounce

[15:52] {peterg} well, my hopes for a profitable day are dashed

[15:52] {dino} me too peter

[15:52] {dino} we'll get 'em tomorrow

[15:52] {peterg} yep

[15:52] {Geo} you didnt take vads calls peter

[15:53] {peterg} are you strill on vadcontrol, geo?

[15:53] {peterg} I think I'll go there

[15:53] {Geo} i do stuff on side

[15:53] {Geo} but i am not in a position to refuse his calls yet :)

[15:53] {peterg} absolutely

[15:54] {peterg} in my ten year learning program, I am doing executions now for the next five years

[15:54] {Threei}  why would anyone want to do that

[15:54] {wishbone} good nite all

[15:54] {peterg} nite wish

[15:54] {peterg} do waht?

[15:54] {Threei}  I would understand if my calls sucked

[15:54] {lisa_jay} Bye Wishbone

[15:54] {Threei}  take care wish

[15:54] {Geo} if youre more experienced like dino you branch out

[15:54] {Geo} thats what i mean

[15:54] {wishbone} thanks again for the lesson on GG Vad and the great calls!

[15:54] {Threei}  :)

[15:54] {Threei}  it's not so much about experience

[15:54] {dino} lol geo, dino has been confused 

[15:55] {wishbone} bye lisa. peterg

[15:55] {Threei}  as it is about personal style and comfort zone

[15:55] {Geo} its a phase

[15:55] {dino} magoo kicking my azz last two weeks

[15:55] {Threei}  imagine yourself exprienced

[15:55] {Geo} now thats tough

[15:55] {Geo} lol

[15:55] {Threei}  would it mean you'd reject calls you find consistently profitable and matching your trading styule?

[15:55] {Geo} if i am in a postion and monitoring i might

[15:55] {peterg} time to expand trading style repertoire

[15:58] {Geo} did vad just kick me out?????????????????

[15:58] {peterg} whole room dumped

[15:58] {Threei}  all of ya

[15:58] {peterg} but you me & 3

[15:58] {Geo} just kidding

[15:58] {Geo} ok ok ill take all calls !!!!!!!!!!!!!!!

[15:58] {Threei}  consider it my revenge

[15:58] {peterg} this is the inner sanctum, geo, where vad and i make really big bux

[15:58] {Threei}  lol

[15:58] {Geo} nope i was kicked out

[15:58] {peterg} patience in

[15:58] {Geo} and just got in

[15:59] {Geo} good day vad

[15:59] {Geo} 2.5x

[15:59] {peterg} many are called but few are chosen

[15:59] {Threei}  there

[15:59] {Geo} thanks a lot..... some mine

[15:59] {Threei}  and you are unhappy

[15:59] {patience} gorgeous day vad...time for a hike around the lake

[15:59] {Geo} hey when did i say that?

[15:59] {Threei}  even if you didn't I need an excuse for a slap

[16:00] {Geo} [12:57] {Geo} you didnt take vads calls peter

[16:00] {Threei}  on second thought... why do I need excuse

06[16:00] * Threei slaps Geo around a bit with a large roll of cash

[16:00] {Geo} ahhhhhh

06[16:00] * Geo slaps Threei around a bit with a large gold bar

[16:00] {Geo} feel the love !!!!

[16:00] {Threei}  not sure about lake

[16:00] {dino} gj geo, 3i

[16:00] {Threei}  ty dino

[16:01] {Threei}  ok guys, have a great evening

[16:01] {Geo} dino not that i am in a position to give pointers.....

[16:01] {Threei}  see you tomorrow

[16:01] {dino} i vow to do better tomorrow

[16:01] {Geo} but watching ZB for tells has helped me a lot

[16:01] {peterg} u2 vad, geo patience elepet dino

[16:01] {peterg} and lisa

[16:01] {Geo} i could give you atleast 3 charts where they are early by a min

[16:02] {patience} i'm watching silver wheaton tomorrow...it wants to pop

[16:02] {dino} geo, what is zb?

[16:02] {Geo} future 30 yr bond

[16:02] {dino} i am using tbt, tlt

[16:03] {Geo} i find it lagging

[16:03] {dino} ok, 20 year the others

[16:03] {Geo} zb runs first

[16:03] {dino} thx

[16:06] {lisa_jay} Thanks Vad.

Dec 10 2008

Big heartful thank you to DRYS and EGLE for making our day perfect. That's all I have to say.

Session Time: Wed Dec 10 00:00:00 2008

[07:27] {_elepet} good morning

[08:00] {Threei}  Good morning

[08:01] {Threei}  DRYS new enthusiasm I see

[08:01] {Threei}  EGLE too

[08:07] {Threei}  10.40 break on DRYS, if it was market hours would be a confident call

[08:07] {Threei}  pre-market, reluctant call

[08:13] {Threei}  if you took it, exit here above .60, partial or halt

[08:13] {Threei}  out 2/3 .67

[08:16] {Threei}  offering last portion 10.90

[08:18] {Threei}  out

[08:44] {hawkfan4} good morning

[08:44] {Threei}  hawk :)

[08:44] {hawkfan4} Vad :)

[08:45] {lisa_jay} Hi Vad.  Nice DRYS call.

[08:45] {hawkfan4} Driving the icy roads of the Chicago suburbs this morning

[08:45] {Threei}  lisa :)

[08:46] {peterg} hello all

[08:46] {Threei}  peter :)

[08:48] {patience} good morning RT

[08:48] {Threei}  patience :)

[08:56] {ese} good morning

[08:57] {ese} pre trading DRYS

[08:57] {hawkfan4} ese,peter,lisa,patience  and all :)

[08:57] {ese} mornin hawk

[08:59] {lisa_jay} Hi Hawk

[09:00] {Threei}  ese :)

[09:00] {KSystems} Good morning :)

[09:01] {ese} morning Vad

[09:01] {Threei}  KS :)

[09:01] {ese} Ksys

[09:02] {KSystems} ese!

[09:08] {ese} whats the news on egle Vad

[09:09] {Threei}  dry shipper

[09:09] {Threei}  same as DRYS

[09:10] {ese} question #2 is SBLK a simpathy play as well

[09:12] {Threei}  08:18am Baltic Dry Bulk index +1.8%, third straight increasemore.. - Capesize : +19% to $5k - Handysize : +0.8% to $4.4k - Panamax: -3.4% to $3.6k (related: EXM DRYS EGLE DSX IYM )

[09:12] {Threei}  not mentioned among sector names... but seems to be in this sector

[09:12] {ese} tks

[09:13] {Onix} Good morning all

[09:13] {brian3579} gm all

[09:13] {Onix} hi brian

[09:13] {ese} onix brian

[09:13] {Threei}  onix brian :)

[09:13] {Geo} gm all

[09:13] {Threei}  brian, welcome back

[09:13] {Threei}  geo :)

[09:13] {brian3579} ty

[09:13] {Threei}  how was your trip?

[09:14] {brian3579} great

[09:14] {dptl} good morning all

[09:14] {Threei}  dp :)

[09:15] {Onix} hi dp

[09:15] {dptl} :)

[09:15] {ese} dp

[09:16] {dptl} ese :)

[09:16] {ese} going to be in your neck of the woods Saturday dp....my band is playing at the Seraton Wall center on Saturday night

[09:17] {hawkfan4} what do you play es?

[09:17] {dptl} is there some event? what time?

[09:18] {ese} professioanl drummmer/ degree in percussion performance/ have played with 4 symphonies in canada

[09:18] {ese} private corporate event dp for RESCAN sicientists and engineers

[09:19] {hawkfan4} wow, cool beans es

[09:19] {dptl} i see :)

[09:19] {ese} keeps me off the streets hawk....and vad keeps me off the streets as well

[09:20] {hawkfan4} lol.  i have a drum set, but haven't ever played it.  bought it a few years ago for my little brother's band, and now they're all married, so i just got it back

[09:20] {ese} heres my band hawk (www.themidnights.com) 

[09:21] {ese} thats funny

[09:21] {Threei}  be back in 5

[09:21] {Geo} so youre the one on left?

[09:21] {Geo} http://www.themidnights.com/bio.htm

[09:22] {hawkfan4} nice es, very cool.  musician + trader, about the best career combo i could think of :)

[09:22] {ese} definately

[09:23] {ese} also teach band and mathematics at a high school here in victoria.....want to be like vad though

[09:23] {Geo} man... no I have to download and listen....

[09:23] {Geo} now

[09:24] {ese} those tunes are 3 years old now we have to put up some new stuff

[09:29] {Threei}  DRYS

[09:29] {Threei}  CANCELS $400M PURCHASE OF 4 PANAMAX CARRIERS

[09:29] {Threei}  - Agreed to cancel the previously declared acquisition of four Panamax dry bulk carriers, which was announced on July 3, 2008, from companies beneficially owned by George Economou, Chairman and CEO of DryShips Inc. The aggregate purchase price of $ 400M would have represented a significant cash outflow from the Company's cash reserves given that the Company had not obtained bank financing for the acquisition.

[09:29] {Threei}  - The Audit Committee of DryShips Inc. concluded that due to the significant deterioration in the dry bulk market since the time the agreements were entered into, it would not be in the best interest of DryShips Inc. to consummate the transaction. The Company will seek to amend, wherever possible, the contracts regarding dry bulk acquisition and newbuilding commitments, potentially resulting in significant capital expenditure savings.

[09:29] {Threei}  - As part of the agreement, the selling companies will retain the deposits totaling $55M for the four vessels

[09:29] {dino} gm all

[09:30] {Threei}  dino :)

[09:30] {Onix} hi dino

[09:32] {dino} :)

[09:32] {wishbone} .

[09:33] {wishbone} .

[09:33] {Threei}  hi wishbone

[09:33] {wishbone} gm....having computer problems today :(

[09:34] {Threei} Long Setup:  EGLE  half lot

[09:34] {Threei}  6.90 - .95

[09:35] {Threei}  stop under .70

[09:36] {lisa_jay} Got 20c on EGLE thanks Vad.

[09:36] {Threei}  :)

[09:38] {Threei} Long Setup:  DRYS  .5 break half lot

[09:38] {Threei}  stop under .30

[09:43] {Threei}  half out DRYS .80

[09:44] {Threei}  stop to .45

[09:45] {Threei}  half out EGLE 7.10

[09:46] {Onix} ty vad, i got .11 & .24 in egle

[09:46] {Threei}  :)

[09:47] {dino} out drys .85, +.35 ty vad

[09:47] {Threei}  offering second half DRYS 12.05

[09:47] {Threei}  dino!

[09:47] {Threei}  broke the curse of the opening trades

[09:48] {dino} took yours'

[09:48] {Threei}  out EGLE in full .37

[09:48] {Threei}  out DRYS in full 12.08

[09:48] {Threei}  can I go home?

[09:48] {KSystems} beauty

[09:49] {lisa_jay} nice

[09:49] {tomg} followed you almost exactly, ty vad

[09:49] {Onix} gj vad

[09:49] {Geo} no !!!

[09:49] {Threei}  tom :)

[09:49] {Geo} i missed second half

[09:49] {Geo} had to scalp in hurry and revboot :(

[09:49] {Threei}  wow... great time to reboot

[09:49] {Geo} you bet

[09:49] {Geo} was rebooting and crying

06[09:50] * Threei passes Geo a tissue

[09:51] {Geo} i hate it when i miss free money

[09:51] {peterg} came back in time to make .08 on drys ty

[09:52] {Threei}  welcome

[09:52] {peterg} next

[09:53] {peterg} egle still climbing

[09:54] {Threei}  not sure about this break attempt

[09:54] {Threei}  something doesn't feel right

[09:54] {Threei}  I'll stay away from EGLE here

[09:54] {Threei}  can't quite put it in words

[09:55] {Threei}  chart looks OK for break but something in me resists

[09:55] {Chaeron} good morning all

[09:56] {dino} mkt pullback perhaps

[09:56] {Threei}  chaeron :(((

[09:56] {patience} yup

[09:56] {Threei}  not sure dino... they both went up against market last time around too...

[09:56] {Threei}  but something is different this time

[09:57] {Threei}  I listen to my inner voice, it proved to be right on too many occassions

[09:57] {peterg} egle breaks down

[09:57] {Threei}  there... have a look at both

[09:57] {Threei}  DRYS down almost a buck in a heartbeat

[09:57] {Threei}  EGLE would have stopped us brutally

[09:57] {peterg} well-tuned attunement

06[09:57] * Threei thanks his inner voice

[09:58] {tomg} nice read egle vad, kept me out, ty

[09:59] {peterg} ditto

[09:59] {tomg} got it first time, though :)

[09:59] {lisa_jay} Thanks to the inner Vad.

[09:59] {Threei}  lol

[10:00] {Geo} yeah the inner vad.... fit young and handsome

[10:00] {Threei}  OCT WHOLESALE INVENTORIES: -1.1% V -0.2%E

[10:00] {lisa_jay} Q's coiling.

[10:00] {dino} i reger to that as "gut"

[10:00] {dino} refer

[10:00] {Geo} hmmm true

[10:01] {lisa_jay} Thanks to Dino's Gut's.

[10:01] {dino} lol

[10:02] {Threei}  (US) TREASURY'S KASHKARI: TREASURY HAS MADE SIGNIFICANT PROGRESS ON TARP

[10:02] {Threei}  {XLF}

[10:02] {Threei}  as in, spent it all?

[10:03] {dino} wmt sm l .45 stop lod

[10:04] {dino} yeah, they have no more money

[10:06] {Threei}  watching HIG

[10:06] {Threei}  pullback into 16 would be interesting

[10:07] {Threei}  half lot

[10:07] {Threei}  volatile

[10:07] {Threei}  alternatively, .26 long

[10:07] {Threei}  with stop under .10

[10:12] {Threei}  stop to .15

[10:12] {Geo} drat again

[10:12] {Threei}  just want to use last pullback to decrease risk

[10:13] {Threei}  not willing to give much of morning profits back

[10:13] {peterg} good

[10:13] {Threei}  I cherish my profits

[10:13] {Threei}  rather be shaken out with tight stop at this point

[10:14] {peterg} in hig?

[10:14] {dino} sso sm l .40, stop .08\

[10:14] {Threei}  yup

[10:14] {dino} wmt stop to .85

[10:14] {dino} to .99

[10:14] {Threei}  market is breaking out

[10:14] {tomg} nice wmt dino

[10:15] {dino} to .05

[10:15] {dino} ty

[10:15] {dino} to .15

[10:15] {Threei}  wow, beauty on WMT

[10:16] {dino} out .25, +.80

[10:16] {dino} wmt

[10:16] {Threei}  wtg

[10:16] {dino} ty

[10:16] {peterg} beaut

[10:16] {dino} longer walk this a.m.

[10:16] {tomg} ty wmt dino, got part of it

[10:16] {peterg} out sso +.15

[10:17] {peterg} thks dino

[10:17] {Threei}  great job guys

[10:17] {dino} sso to b/e

[10:17] {dino} gj guys

[10:17] {Geo} you in hig from where vad... rebooted again

[10:17] {dino} amzn not following so far

[10:19] {tomg} wag

[10:19] {Threei}  .25 Geo

[10:19] {Geo} TY i entered on retrace

[10:19] {Geo} 10 cent stop nice.

[10:20] {Threei}  yeah, what the heck

[10:20] {dino} sso stop to .68, stingy mode

[10:20] {dino} out, +.28

[10:21] {Geo} out

[10:21] {Threei}  stopped HIG

[10:21] {Geo} rinse

06[10:21] * magoo slaps Threei around a bit with a large plate full of regretts for being late

[10:21] {Threei}  good morning to you too mags

[10:22] {Threei}  see how new tools stimulate your creativity?

[10:22] {dino} slacker

[10:22] {Threei}  this is not your old magoo with traditional fish

[10:22] {Threei}  wow HIG

[10:22] {Geo} yup rinse

[10:22] {Threei}  that was uncalled for

[10:22] {Threei}  and very rude

[10:22] {Threei}  off my screen

[10:24] {dino} ouch axys

[10:29] {tomg} wag vad?

[10:31] {Threei}  would like one more little pullback, bottoming out not lower than .25, then break on it, tom

[10:31] {tomg} ok, ty

[10:31] {Threei}  .30 as new support would be even better

[10:34] {Threei} Long Setup:  GG  half lot .15

[10:34] {Threei}  if stays above 27

[10:35] {Threei}  DOE CRUDE: +392K V +1.2ME;

[10:35] {Threei}  GASOLINE: +3.7M V -500KE; DISTILLATES: +5.6 V -1.5ME;

[10:37] {Geo} i guess that GG spike doesnt count vad due to oil number?

[10:39] {Threei}  most likely

[10:39] {Threei}  hard to tell really... a bit more volatility than 15 cents stop allows for

[10:39] {dino} amzn sm l .90, stop .63

[10:40] {Geo} i entered and got stopped

[10:40] {Geo} glad half lot

[10:41] {dino} axys hmm, 55 strike maybe

[10:41] {dino} amzn stopped -.27

[10:42] {Threei}  not sure that was right way to play it geo

[10:43] {Threei}  it violated the support, then spiked sharply into break level

[10:43] {Geo} true... i guess I am a little off

[10:43] {Threei}  I would be hesitant to buy such spike even if it didn't break support prior

[10:43] {Threei}  in such cases, let it go, wait for it to retreat and consolidate, reinforcing the support again

[10:44] {Threei}  when it shows new consolidation it becomes valid again

[10:45] {Threei}  LOL

[10:45] {Threei}  have a look at this

[10:45] {Threei}  ALL CEO: COMPANY STOCK CURRENTLY ATTRACTIVE

[10:45] {Threei}  I am trying to envision CEO who would say our stock is unattractive

[10:45] {Threei}  disgusting

[10:46] {Threei}  repealing

[10:46] {Threei}  stay away

[10:46] {Threei}  whatever you do, please do not buy our ugly stock

[10:46] {dino} wmt big pullback

[10:47] {Threei}  oil is getting hit hard

[10:51] {magoo} we in anything?

[10:51] {Chaeron} trouble

[10:52] {magoo} chaer:)

[10:54] {Threei}  lol

[10:54] {Threei}  not right now mags

[10:54] {Threei}  trying to get a feel for what's next

[10:56] {dino} rec?

[10:57] {magoo} ok..im out  of sorts being late..and now phone call for 10 mins

[10:58] {Threei} Long Setup:  QQQQ  30.04 if stays above 29.95

[11:00] {Threei}  LVS

[11:00] {Threei}  PERSICO CAPITAL (2ND LARGEST HOLDER)DISCLOSES 13.9% STAKE V 3.55 IN OCT

[11:01] {Threei} Long Setup:  DRYS  30 break half lot if stays above .20

[11:02] {Geo} bonds rallying

[11:05] {dino} sm l amzn .30

[11:05] {Threei}  Qs 1:1, half or scalp, your choice

[11:05] {dino} stop .98

[11:05] {Threei}  WHITE HOUSE: PROGRESS HAS BEEN MADE ON AUTO AID BILL

[11:08] {Threei}  DRYS no worky

[11:08] {peterg} made .03, ty

[11:09] {peterg} profit will almost pay for blu-ray disc of The Dark Knight

[11:10] {Threei} Long Setup:  ALTR  .49 if stays above .40

[11:10] {Threei}  lol peter

[11:10] {dino} lol

[11:11] {dino} mkt stuck

[11:12] {Threei}  feels like ramp up is coming

[11:12] {magoo} full lot ALTR?

[11:12] {Threei}  yeah, l.iquid and tight stop

06[11:13] * Threei kicks the market in the rear

[11:13] {Threei}  sold half Qs .15

[11:15] {Threei}  offering 1/5 more at .28 and trying to keep last portion for bigger run

[11:15] {Threei}  1/4

[11:15] {Geo} altr stuck

[11:16] {Threei}  so kick it

[11:16] {Threei}  I am busy kicking QQQQ

[11:16] {magoo} kivking

06[11:16] * Geo puts his kicking boots on

[11:16] {Threei}  {--- doesn't want to know what kivking means

[11:17] {dino} c'mon 3i, you're putting holes in my walls

[11:17] {Threei}  that's not me

[11:17] {Threei}  that's magoo

[11:18] {dino} that son of a..

[11:18] {patience} i need to leave on my run, just a bit of euphoria so i can get out of my position

[11:19] {Threei}  doing all I can

[11:19] {patience} much obliged

[11:19] {lisa_jay} LOL

[11:19] {Geo} out 1/4 Qs

[11:19] {Geo} thanks vad

[11:19] {Threei}  welcome sir

[11:19] {Threei}  out 1/4 more on Qs .28

[11:20] {Geo} where are you throwing rest?

[11:20] {dino} amzn stop to .85

[11:20] {Threei}  stop is under .10 for the last poretion

[11:20] {Threei}  no selling point in mind yet

[11:20] {Threei}  want to try and milk it

[11:20] {Geo} TY

[11:21] {dino} out amzn .90, +.60

[11:22] {Chaeron} nice dino

[11:22] {patience} very nice

[11:22] {patience} my turn now

[11:22] {Threei}  wtg

[11:22] {dino} ty

[11:22] {Threei}  what are you holding patience?

[11:22] {magoo} vad..we looking for more than .02 cents ALTR lol

[11:22] {Threei}  lol, hopefully

[11:23] {Threei}  [11:12] {Threei} feels like ramp up is coming

[11:23] {Threei}  was that a read or what

[11:25] {patience} i'm in silver wheaton, just want another 20 cents

[11:25] {Threei}  that's a slow one...

[11:25] {peterg} ontario?

[11:25] {patience} i know, i know...but its cheap and i can buy volume

[11:25] {patience} and i thought silver would be a gold sympathy play

[11:26] {Threei}  yes... but you'll never get to your run if you want to wait for 20 cents on it :)

[11:26] {Geo} patience you seem to trade metals

[11:26] {patience} well its either me or it running, i would rather it was it

[11:26] {patience} i do geo

[11:26] {Geo} any idea why platinum is priced close to gold hese days?

[11:26] {patience} usually there is some decent momo

[11:26] {patience} shrug, don't trade it geo

[11:27] {Geo} first time in years that has happenned

[11:27] {Geo} ok

[11:28] {dino} geo getting deep on us :)

[11:28] {Geo} it can be a bet the farm spread trade if done right

[11:29] {Geo} just not my ocre competency

[11:29] {Geo} core

[11:31] {dino} sm l t .50

[11:31] {dino} stop .19

[11:36] {dino} amzn smackdown again

[11:47] {Threei}  woohoo

[11:47] {Threei}  ALRT 1:1

[11:47] {Threei}  believe it or not

[11:47] {Geo} heheh got it thanks vad...

[11:47] {Threei}  ALTR

[11:47] {Geo} supreme patience

[11:47] {Geo} see i dont label dogs anymore

[11:47] {magoo} wait 61 and wont fill he hre

[11:48] {Threei}  [11:12] {Threei} feels like ramp up is coming

[11:48] {Geo} hmm i filled 61

[11:48] {Threei}  was that a read or what

[11:48] {Geo} 500 shares

[11:50] {_elepet} altr

[11:52] {patience} euphoria in slw is like watching paint dry

[11:54] {dino} lol, hardly euphoric, :)

[11:58] {Geo} cenx having a good day

[12:03] {magoo} still in q vad?

[12:03] {magoo} out .61 altr ty boss

[12:06] {Threei}  yes Qs

[12:07] {dino} amzn sm l .50

[12:11] {dino} pb &j, not bad

[12:12] {Chaeron} pull back and jump? or Peanut Butter and Jelly???

[12:14] {dino} 2nd

[12:14] {Chaeron} thx, thought I missed something

[12:15] {dino} lol, haven't had one in year or so, pretty tasty

[12:15] {KSystems} Vad, everytime I remember your remark yesterday afternoon I'm hearing a slight thunder rolling

[12:17] {Threei}  which remark?

[12:17] {peterg} still likin amzn dino

[12:17] {peterg} ?

[12:18] {dino} missed my exit on it

[12:18] {dino} wanted .00 never hit

[12:18] {dino} pb&j distraction

[12:20] {Chaeron} my fault.. sorry

[12:20] {dino} not

[12:21] {Chaeron} *whew*

[12:21] {dino} :)

[12:22] {Geo} off to work.... thanks guys... ending neg today due to various technical and mental reasons

[12:23] {Threei}  take care Geo

[12:23] {dino} amzn stopped -.31

[12:23] {patience} bye geo

[12:23] {Threei}  ALTR hit 1:2, QQQQ 1:4

[12:23] {dino} later geo

[12:27] {dino} 90 pt drop in 5 min.

[12:43] {Chaeron} .

[12:43] {magoo} ..

[12:46] {Threei}  was very tempted to reenter Qs of .10 but hesitated

[12:46] {lisa_jay} The ascending triangle support.

[13:06] {magoo} i must confess..i took q .10

[13:07] {Threei}  scalped?

06[13:07] * peterg slaps magoo around a bit with a large a nerf facsimile of the Empire State Building

[13:07] {magoo} lol

[13:08] {Threei}  aren't you guys happy with new script... what an array of opportunities to get creative {G}

[13:08] {peterg} true true

[13:10] {magoo} tru blood

[13:11] {peterg}  I like Sookie

[13:11] {peterg} but haven't watched recently

[13:12] {magoo} everytime i or dino steps in restroom..mkt crashes..i have to pee so bad but afraid mkt cant stand it

[13:12] {dino} indeed sookie

[13:12] {magoo} i luv cookies

[13:12] {dino} it's over peter

[13:13] {Threei}  mags... we can make a strategy out of it

[13:13] {Threei}  we short, you leave

[13:13] {Threei}  you are back we reverse

[13:13] {magoo} i know..dino does that

[13:13] {peterg} ok bye bye sookie for now

[13:13] {magoo} really irritates me lol

[13:14] {Threei}  I will ask KS to make a script for Pee Alert

[13:14] {dino} not my fault magoo, but if you're giving away trades, what can i do but play

[13:14] {dino} the phone rings too

[13:14] {KSystems} a what`?

[13:15] {dino} ks, just do it, no questions

[13:17] {dino} v sm risky, axys l .71

[13:17] {magoo} in q long..but i gotta go

[13:17] {magoo} market to fragile..gotta hold ittttttttttt

[13:18] {lisa_jay} Turned on all the taps in the house just to test how you react to the sound Magoo.

[13:19] {magoo} cruel

[13:19] {lisa_jay} sorry...the scientist in me.

[13:19] {Threei}  lol

[13:21] {dino} lol lisa

[13:21] {magoo} i just went

[13:22] {magoo} look at q chart

[13:22] {magoo} lisa fault

[13:22] {lisa_jay} Sorry :-)

[13:22] {lisa_jay} Needed to get on the q's trade...so wanted a pull back.

[13:29] {Threei}  something is whacky

[13:29] {Threei}  market makes too jerky moves with no warning

[13:29] {Threei}  can't get a feel for it so staying inactive

[13:30] {magoo} u think its this auto bailout news barrage..nonstop

[13:33] {Threei}  US TREASURY'S KASHKARI: I HAVE NOT SEEN A BETTER ALTERNATIVE TO MARK-TO-MARKET ACCOUNTING

[13:33] {Threei}  Try Playboy

[13:34] {Threei}  you may find it better alternative

[13:35] {Threei}  ok, this is total bs:

[13:35] {Threei}  PIMCO'S EL ERIAN: 50 BPS RATE CUT LIKELY AT NEXT MEETING, TOO EARLY TO CALL BOTTOM, USD GAINS WILL NOT CONTINUE HOWEVER NOW IS NOT THE TIME TO SHORT USD

[13:35] {Threei}  - Remarks that the 50 bps cut will have a minimal impact

[13:35] {Threei}  - Sees multiple bottom through 2009, 2009 will be 'unambiguously' sluggish, noting GDP may decline 1-2%

[13:35] {Threei}  - Notes that now is not the time to buy high yield debt or US equities

[13:35] {Threei}  he is giving invsetment/trading advice now??

[13:42] {lisa_jay} You were right Vad about the Q's 

[13:43] {Threei}  yeah, not really playable for now

[13:49] {Threei}  pullback to 30 or just under maybe worth a try long for a scalp

[13:49] {Threei}  with stop under .90

[13:51] {Threei}  in .96

[13:51] {lisa_jay} in

[13:52] {Threei}  nope

[13:52] {Chaeron} good tight stop tho

[13:55] {lisa_jay} Still very jerky Q's.

[14:00] {Threei}  *NOV MONTHLY BUDGET STATEMENT: -$164.4B V -$171BE

[14:14] {Threei}  DRYS

[14:14] {Threei}  ummm

[14:15] {Threei}  late... broke .40 big offer

[14:15] {Threei}  don't want to chase

[14:15] {Chaeron} if it comes back?

[14:15] {Threei}  could be, with stop under .30

[14:15] {Threei}  but watch NASDAQ

[14:16] {Threei}  needs support

[14:16] {Threei}  ok, same situation again

[14:16] {Threei}  big offer to break at .40

[14:16] {Threei}  taken

[14:17] {Threei}  if market cooperates, will take .50 for another jump

[14:19] {Threei}  very willing

[14:19] {Threei}  half out

[14:19] {Threei}  or scalp

[14:19] {Threei}  nice and easy 17 cents

[14:21] {Threei}  US HOUSE VOTES TO SEND AUTO BAILOUT BILL TO SENATE FLOOR TODAY

[14:21] {Threei}  there you go

[14:21] {Threei}  another news, another knee-jerk move

[14:22] {lisa_jay} Thanks Vad, got 14c on DRYS.

[14:22] {Threei}  :)

[14:27] {Threei}  TV: but then the economy hit the fan

[14:27] {Threei}  am I the only one who finds it funny? :(

[14:28] {dino} v sm l afam .45

[14:36] {Threei}  .56 half lot long DRYS

[14:37] {magoo} volume on this up push vad

[14:37] {Threei}  if stays above .45

[14:37] {lisa_jay} stop vad

[14:37] {Threei}  either under .45 or .40

[14:37] {Threei}  both valid

[14:38] {Threei}  US SEN SHELBY: NO AGREEMENT REACHED BETWEEN SENATE REPUBLICANS WITH REGARD TO AUTO BAILOUT BILL

[14:38] {Threei}  market goes up on that

[14:38] {Threei}  I am dazed and confused

[14:38] {Threei}  half out or scalp DRYS

[14:39] {Threei}  your choice

[14:39] {Threei}  I took scalp

[14:39] {Threei}  too sharp up

[14:43] {Threei}  anyone took it?

[14:43] {lisa_jay} nope

[14:44] {Threei}  that does it... no one laughs at my jokes, nor does take my trades

06[14:44] * Threei removes himself to monastery

[14:44] {lisa_jay} sorry hesitated and paid for it...

[14:44] {lisa_jay} I laught at your jokes....and cry at the trades that i miss.

[14:45] {lisa_jay} *laugh

[14:45] {magoo} what the hells going on??

[14:45] {Threei}  I will think of that while meditating among Tibet peaks

[14:50] {dino} afam stop to .18

[14:50] {Threei}  jeez

[14:50] {Threei}  what a jerkiness

[14:50] {lisa_jay} yes

[14:50] {dino} out .16, +71

[14:50] {dino} .

[14:50] {Threei}  wtg

[14:50] {lisa_jay} Vad, do you draw trendlines on q's when following them? (or nq)

[14:50] {patience} nice dino

[14:50] {Threei}  nah

[14:50] {Threei}  too lazy for that

[14:50] {Onix} great dino

[14:51] {Threei}  but they are easy to visualize

[14:51] {dino} lucky

[14:51] {lisa_jay} I have been doing that and it is amazing how sometimes they act as support and resistance.

[14:51] {Threei}  yup

[14:52] {lisa_jay} Wanted to thank you for teaching me that trick...

[14:54] {Threei}  wasting your time lisa... I am going to that monastery anyway {G}

[14:54] {cosmo} take a lap top

[14:54] {Chaeron} beautiful girls thanking you and you're still set on monastery......

[14:55] {Threei}  of course... how else will I reach a... ummm... sites full of wisdom and knowledge

[14:55] {lisa_jay} Chaeron...are you flirting again.

[14:55] {cosmo} telepathy?

[14:56] {Chaeron} constantly *blush*

[15:05] {Geo} ok back.....

[15:05] {Geo} looking forward to crawling back in black.......

06[15:05] * Geo gives a clumsy hint to vad

06[15:05] * Threei pretends not to notice

[15:11] {Threei} Long Setup:  QQQQ  .05

[15:11] {Threei}  if stays above .95

[15:14] {magoo} magoo kickin q for geo:)

[15:15] {Geo} thanks buddy

[15:15] {Threei}  too sharp into resistance

[15:15] {Geo} yup

[15:15] {Threei}  want one more shallow pullback

[15:15] {Threei}  to 30 or so

[15:15] {magoo} not gonna get ut

[15:15] {magoo} blast off

[15:18] {dptl} have a good evening all

[15:19] {Threei}  take care dp

[15:19] {magoo} u to dp

[15:20] {dino} out axys ave .52, sm

[15:20] {Threei}  ok, in

[15:20] {Threei}  .95

[15:21] {Chaeron} stop?

[15:21] {Threei}  under .90

[15:22] {Threei}  could take a few tries, but want to keep it tight

[15:22] {Threei}  maarket is way too nervous

[15:25] {Threei}  half out

[15:25] {Threei}  +.10

[15:25] {peterg} nice

[15:28] {Threei}  offering 1/4 more .11

[15:29] {magoo} opffder .10

[15:29] {Threei}  out 1/4

[15:29] {Threei}  last portion offering .17

[15:29] {magoo} .16 here

[15:29] {Threei}  {--- crying

[15:29] {KSystems} why?

[15:30] {dino} sds sm s .75

[15:30] {Threei}  magoo is undercutting me

[15:30] {Geo} hehe

[15:30] {KSystems} :)

[15:30] {Chaeron} .89 here..... teasing...

[15:30] {Chaeron} took .13...+.15

[15:30] {Threei}  that's OK

[15:31] {Threei}  I'll have m y revenge when he comes to my Tibet cave with beer

[15:31] {Threei}  and I turn him down

[15:31] {Geo} after taking the beer

[15:31] {Threei}  saying "remember all those cents you undercut me by?"

[15:31] {dino} stopped -.35

[15:32] {Geo} ahhhh

[15:32] {Geo} thanks lord vader

[15:32] {Threei}  you are back in black?

[15:32] {Geo} have a 3 week streak going

[15:32] {Geo} almost

[15:32] {Geo} but it counts

[15:33] {Threei}  OK... don't know how you managed to have losing morning but glad we fixed that

[15:33] {Geo} man it was crazy..... 

[15:33] {Geo} i took the stops and rebooted machine on the wrking ones

[15:33] {Geo} thats how

[15:33] {Geo} takes a certain talent

[15:33] {Threei}  what is happening hat you have to reboot multiple times?

[15:33] {KSystems} do you have to reboot a lot?

[15:34] {Geo} no i dont.....

[15:34] {Threei}  I think I reboot once a couple weeks

[15:34] {Geo} for some reason system was hanging

[15:34] {Threei}  out last portion

[15:36] {dino} 3:40 rally?

[15:37] {Threei}  can't get a feel

[15:38] {Threei}  FIDELITY DISCLOSES 14.9% PASSIVE STAKE IN LVS

[15:38] {dino} called averaging down

[15:41] {dino} on the nose

[15:41] {patience} yes it was dino

[15:45] {dino} afam l sm .97

[15:45] {dino} about 90% of the days patience

[15:46] {Threei}  JASO

[15:46] {Threei}  GUIDES Q4 $0.00 V $0.06E, R$124M V $231.3ME (R$191.5M-$221M PRIOR), GROSS MARGINS AT 5-7%

[15:46] {Threei}  to short it or leave it die in peace

[15:46] {Threei}  that is the question

[15:51] {Threei}  hehe... Qs hit my .17

[15:51] {Geo} heheheh

[15:51] {Threei}  not without shaking me oput first of course

[15:52] {Geo} i reentered

[15:52] {Threei}  wtg

[15:52] {Geo} .06 breakout

[15:52] {Geo} half lot only htough

[15:52] {magoo} finally in black..tougher day

[15:52] {magoo} i was out of sync

[15:52] {Geo} yeah same here

[15:52] {Geo} its vad fault

[15:53] {Geo} for raising expectations

[15:53] {Threei}  one missed first hour, another rebooted computer in the middle of the trades... and somehow it's my fault

[15:53] {peterg} hey, quick question in between vad beating

[15:53] {Threei}  monastery... right away

[15:53] {Threei}  this very evening

[15:53] {Geo} vad

[15:53] {peterg} round lot used to be 100 sh; half lot = 50?

[15:53] {peterg} dsnt sound right

[15:53] {Geo} a leader accepts responsibility

[15:54] {Geo} out

[15:54] {Threei}  peter... for me it's 1000 and 500

[15:54] {Geo} same here

[15:54] {Threei}  not sure if that's what you mean

[15:54] {peterg} ok so depends on start point thks

[15:54] {Threei}  pretty much

[15:55] {peterg} I usually buy/sell 100000000000000shares

[15:55] {Geo} nice

[15:55] {Threei}  I would too but I can't count that far

[15:55] {Geo} ok thanks guys..... 

[15:55] {Geo} have a great evening

[15:55] {peterg} who counts? just press buttons

[15:55] {Geo} these inside days are tough

[15:56] {Onix} Thanks for a good day Vad

[15:56] {Threei}  I like to pretend I know what I am doing peter

[15:56] {magoo} full lot =1k here

[15:56] {magoo} half=300

[15:56] {peterg} always good plan

[15:56] {Threei}  onix :)

[15:56] {Geo} wot magoo????

[15:56] {magoo} er, um.wait..500

[15:56] {Threei}  Geo... any day will be tough if you reboot midtrade

[15:56] {Geo} true

[15:56] {peterg} thanks for good day vad, dino

[15:56] {Threei}  lol mags

[15:57] {Threei}  re" math abilities, see magoo setting new standards

[15:57] {magoo} why, is 500 wrong???

[15:57] {Threei}  [15:56] {magoo} full lot =1k here

[15:57] {Threei}  [15:56] {magoo} half=300

[15:57] {peterg} 300 + 300 = 1000

[15:57] {Threei}  that remminds me a dialog betwen Winnie the Pooh and Piglet in russian joke

[15:58] {peterg} da?

[15:58] {Threei}  Winnie: listen bud... we were given 10 jars of jam as a gift...

[15:58] {Threei}  half in half, so here are your 3 jars

[15:58] {peterg} perfect!

[15:58] {Threei}  Piglet: Hmmm? how is half of 10 3?

[15:59] {Threei}  Winnie: I have no idea but I already ate my 7

[15:59] {lisa_jay} lol

[15:59] {peterg} lol

[15:59] {Threei}  OK guys... thank you all

[15:59] {Threei}  have a good evening

[15:59] {Threei}  see you tomorrow

[15:59] {magoo} ok..ill have  to drag my lazy arse out ogf bed tomorrow

[15:59] {Threei}  nah

[15:59] {KSystems} you too, Vad. enjoy the evning

[15:59] {Threei}  leave it there

[15:59] {peterg} and get here on time

[16:00] {magoo} vads picking morning winners

[16:00] {Threei}  wow

[16:00] {Threei}  what just happened to market?

[16:00] {lisa_jay} Thanks Vad.

[16:00] {magoo} was very jerky

[16:00] {Threei}  lisa :)

[16:00] {KSystems} when market grows up, wants to become an oscilloscope

[16:00] {Threei}  lol

[16:01] {Threei}  sophisticated joke... I'll pretend I understand and like those

[16:01] {lisa_jay} KSystems is that a stochastic?

[16:01] {lisa_jay} Never mind.

[16:02] {lisa_jay} Bye everyone.

[16:02] {peterg} bye

[16:02] {dino} strange, 46.29 hits afam and i was 46.22 no fill