Feb 03 2010

Very strong day with a few trades here and there - and then a stellar one, long on TM with 10 cents risk and 60 cents realized win.

Session Time: Wed Feb 03 00:00:00 2010

[07:52] {Threei} 6:51:18 AM

[07:52] {Threei} Toyota Motor Corp Follow up: Japanese gov has ordered investigation into possible defects in braking system on the Prius - NYT

[07:52] {Threei} - Complaints have stated that the breaking system of 2009/10 model has momentarily failed on wet surfaces and at low speeds

[07:53] {Threei} reminds me an old Russian saying: disaster doesn't come alone

[07:53] {nemo} when sharks smell blood

[07:56] {Threei} SOLR went above 7 after hours, before retreating to 6.50

[07:57] {Threei} 4:15:21 PM

[07:57] {Threei} GT Solar International, Inc. Reports Q3 $0.25 v $0.15e, R $174M v $145Me; Raises FY10 Rev to upper range of prior guidance

[07:57] {Threei} - Guides FY10 EPS $0.52-0.60 v $0.51e, R $500-550 v $587Me (Guided FY10 $0.45-0.60, R$450-550M on 11/09)

[08:08] {nemo} y chart display's off again...quotes say things are lower, charts show them higher

[08:09] {Threei} which stock

[08:09] {nemo} spy qs fcx

[08:10] {Threei} all three are fine here...

[08:10] {nemo} have to have my meds adjusted I guess

[08:13] {strider} last trade FCX 72.07

[08:13] {Threei} 72.1 now

[08:13] {Threei} .15

[08:13] {nemo} quotes are fine, charts not

[08:13] {Threei} strange...

[08:13] {Threei} chart follows exactly

[08:14] {strider} maybe chart data takes a diff. route

[08:14] {nemo} not the problem...ie: spy says down .38 from yesterday, charts show gap from yesterday to today of +.80

[08:15] {strider} I've seen that before as well.

[08:15] {Threei} *(US) ADP JAN EMPLOYMENT CHANGE: -22K V -30KE (best reading since Mar 2008)

[08:15] {Threei} - Prior revised higher from -84K to K

[08:15] {Threei} - No revisions (related EUR/USD SPY TLT USO IYM GLD USD/JPY RTH )

[08:15] {nemo} They lost yesterday's data

[08:15] {strider} nobody's perfect.

[08:15] {Threei} ahhh

[08:15] {Threei} wait

06[08:15] * nemo slaps strider around a bit with a large volume of cliches

[08:16] {Threei} your chart shows right price, it's just the change from yesterday that is wrong?

[08:16] {nemo} correct

[08:16] {Threei} ok

[08:16] {nemo} lost yesterday's data

[08:16] {Threei} that is rather normal

[08:16] {nemo} well, I guess, if you define incest as normal

[08:16] {nemo} oh, sorry strider

[08:16] {Threei} it will restore itself, yesterday's c lose price gets updated at some other point in time

[08:17] {Threei} I thought your chart shows wrong price

[08:17] {nemo} no

[08:19] {Threei} OK, FCX

[08:20] {Threei} close is 72.51, right?

[08:20] {nemo} y

[08:20] {Threei} change -.31

[08:20] {nemo} y

[08:21] {Threei} SPY is correct too

[08:21] {nemo} quotes, yes

[08:21] {Threei} chart shows -.19 change

[08:21] {Threei} close 110.38

[08:21] {nemo} for the number in the top left, not the chart

[08:22] {Threei} yes

[08:22] {Threei} -.22 now

[08:22] {nemo} it's reporting the number correctly

[08:22] {Threei} trades at 110.18, change -.20

[08:22] {nemo} just don't have accurate visual representation to gauge support and resistance

[08:22] {Threei} everything is correct

[08:22] {Threei} chart and change

[08:23] {Threei} I don't see the divergence

[08:23] {nemo} I'll send it to you

[08:23] {Threei} please

[08:24] {nemo} no I won't can't cut it out without rebooting frickin' computer

[08:24] {Threei} huh?

[08:25] {nemo} the snipping tool on my computer won't work, so I can't cut it out without rebooting

[08:25] {Threei} oh boy

[08:25] {nemo} frickin vista

[08:25] {Threei} you may have more problems that your thought {G}

[08:25] {nemo} goes without saying

06[08:31] * strider slaps nemo around a bit with a large copy of VISTA is for DUMMIES.

[08:32] {nemo} just sent it

[08:40] {ese} good morning if anyones hangin

[08:40] {Threei} ese :Z)

[08:41] {nemo} dude

[08:41] {ese} zzzzzzzzzzz egzaktily

[08:41] {ese} dude

[08:41] {Threei} SOLR's trying

[08:41] {ese} yes...i'm still long .93

[08:41] {ese} sorry long jaso

[08:41] {Threei} 5.93?

[08:42] {Threei} oh

[08:42] {ese} 4.93

[08:45] {ese} am looking to go long cien after the opening dust settles....it's up another .14 now

[08:46] {ese} hopefully there will be an entry opportunity

[08:57] {Les} afternoon y'all

[08:57] {Threei} les :)

[08:57] {Les} MYGN smoking something cause its high as akite

[08:58] {dino} gm all

[08:58] {Threei} dino :)

[08:58] {nemo} dino

[08:58] {dino} :-)

[08:58] {Threei} Yesterday 16:06 MYGN Reports Q2 $0.36 v $0.34e, R$93M v $91Me

[08:58] {Threei} - Had $457.6M in cash, cash equivalents and marketable investment securities at December 31, 2009

[08:59] {nemo} dcc les

[08:59] {dino} fcx upgraded

[09:00] {nemo} makes sense...drops a buck

[09:09] {Threei} looking at AIG daily

[09:10] {dino} so far, amsc, netl, ctrp, vrsn, rl, met

[09:10] {Threei} no clean indication yet but I'd think it's getting reasdy for a sizeable bounce

[09:11] {dino} met in talks to buy asian aig life bus.

[09:17] {larisa} gm :)

[09:17] {Threei} larisa :)

[09:17] {larisa} vad :)

[09:18] {nemo} lari :)

[09:18] {larisa} nemo :)

[09:18] {i2romantis} gm all :)

[09:18] {Threei} i2r :)

[09:19] {strider} morning everyone.

[09:19] {Threei} strider :)

[09:20] {Les} Nemo, follow up dcc

[09:20] {fernp} Good morning everybody

[09:21] {Threei} fern :)

[09:21] {Les} fern, strider, i2 and anyone else not yet addressed

[09:22] {Les} oops how could i forget larisa. gm

[09:23] {larisa} les :)

[09:24] {Les} I see bsi87 has caught AIG as potential bounce material as well. buy limit 23.70. let's have a look...

[09:26] {Les} what about amzn vad? this double attempt at 119 resistance meaningful?

[09:27] {Threei} it's way too far from there anyway

[09:27] {Threei} what practical use this numer can have when AMZN is at 117?

[09:28] {larisa} it can be at 119 or 114 in 2 min :)

[09:28] {strider} beat me to it, larisa.

[09:28] {Threei} then none of it matters anyway

[09:28] {strider} nihilist.

[09:28] {Les} will watch it nonetheless

[09:28] {Threei} if it moves weith such agility, it will cut through any of those numbers before you can blink

[09:29] {strider} that's true.

[09:30] {Threei} Short Setup: TM .50 break half lot

[09:30] {lasertrev} gm

[09:31] {nemo} too fast

[09:31] {dino} fwiw amzn huge gap 105 and down area

[09:31] {Threei} let's wsit out morning volatility before trying it again

[09:32] {Threei} this one reached 1:1 in a blink of eye

[09:33] {fernp} LVS, Vad?

[09:34] {ese} netl off the map dino

[09:34] {Threei} .60 break short, fern

[09:35] {Threei} Short Setup: TM .40 break half lot

[09:35] {Threei} grrr

[09:35] {Threei} too fast again

[09:36] {billyc} gm all happy Wednesday

[09:36] {Threei} billy :)

[09:36] {Les} hey billy

[09:37] {dino} jst

[09:38] {nemo} wow. nflx, .12 jump between 9:35 and :36
[09:38] {Threei} Long Setup: RINO .40 break if holding above .25

[09:40] {Threei} Long Setup: AIG .90 break if holding above .80

[09:40] {dino} amsc sm l .70

[09:40] {Threei} US) Preview: Jan ISM Non-Manufacturing Composite due out at 10:00ET

[09:40] {Threei} **consensus expectation: 51.0e v 50.1 prior (estimates range from 49 to 53).

[09:41] {Threei} not a scalp for me AIG

[09:42] {Threei} 1:1

[09:43] {dino} rino sm l .50

[09:43] {Threei} second half is stopped b/e

[09:44] {nemo} rimm up 1.23

[09:44] {nemo} mos up 1.44

[09:45] {Threei} Long Setup: BEAV .20 break half lot

[09:46] {strider} stop .10 or .00?
[09:46] {Threei} RINO 1:1

[09:47] {Threei} if loses .10 I'd rather look for entry lower

[09:47] {dino} amsc stopped -.35

[09:47] {Threei} so, for .20 br4eak entry let's consider .10 invalidation or stop

[09:47] {strider} thks

[09:47] {Threei} AMSC is from some other planet dino

[09:48] {Threei} let's just short it

[09:49] {dino} go figure, all seems good, but.....

[09:49] {dino} oh well, who is john galt

[09:49] {Threei} strange thing is, there was no even runup before earnings

[09:49] {Threei} just some holder wants out, for what may not even be trasding/market/company related reasons

[09:50] {Threei} CTXS Hearing renewed takeover chatter circulating

[09:50] {Threei} - Dell rumored as a potential acquirer

[09:50] {dino} i'll revisit it later

[09:51] {nemo} 33.40 area

[09:53] {Threei} Short Setup: RIMM .70 break

[09:54] {Threei} .80 invalidation

[09:55] {fernp} IACI, Vad?

[09:56] {dino} risky sm l jst .80 ave

[09:56] {ese} out jaso from yesterday .04 +.11

[09:56] {Threei} I really don't want to chase this one this high fern

[09:56] {fernp} TY

[09:56] {Threei} it can be very treacherous

[09:59] {Threei} RIMM is valid again

[10:00] {Threei} JAN ISM NATIONAL NON-MANUFACTURING COMPOSITE: 50.5 V 51E

[10:01] {Threei} holding a bit too well while market sells

[10:02] {Threei} tioghtening to .76

[10:03] {dino} amsc .01 sm l

[10:04] {Threei} fern, have a brief look at IACI

[10:04] {dino} stop is .69

[10:05] {Threei} just be careful not to puke

[10:05] {fernp} VZ short, Vad?

[10:06] {Threei} not delighted

[10:06] {fernp} I saw IACI, I skipped

[10:06] {fernp} ty

[10:07] {ese} L atvi .399

[10:07] {Threei} out RIMM

[10:08] {Threei} TM... strong feeling this one is preparing to cascade

[10:08] {dino} prius bad news today

[10:08] {Threei} entry is a toughie on it

[10:08] {Threei} yeah

[10:09] {Threei} Prius, Japan starts investigation, and US govt hints the problem was known for longer than Toyota pretends it to be

[10:09] {Threei} and 75 is importasnt support to break

[10:10] {strider} aggressive entry?

[10:10] {Threei} .20 is resistance to place stop

[10:10] {Threei} entry is fuzzy

[10:10] {Threei} 75 break is obvious one

[10:11] {nemo} bew by

[10:11] {nemo} blew by

[10:12] {Threei} 1:1

[10:12] {Threei} and it's far from over

[10:13] {larisa} fuzzy 1:1 :)

[10:13] {nemo} no entry though

[10:13] {Threei} snyone took itz?

[10:13] {fernp} VZ 1:1

[10:13] {nemo} jumped my order

[10:13] {Threei} don't be in a rush to cover, rather partial

[10:14] {Threei} yeash, that was rather case for aggressive entry

[10:14] {Threei} thst obvious one is a kind of z"either thisd support holds or if gives up - no way you get your entry"

[10:20] {Threei} IOC Weakness attributed to more speculation of potential fraud at the company

[10:22] {Threei} Preview: DOE (EIA) Petroleum Inventories due at 10:30ET

[10:22] {Threei} **consensus expectations:

[10:22] {Threei} Crude: Flat (0e)

[10:22] {Threei} Gasoline: +1.2Me

[10:22] {Threei} Distillate: -1Me

[10:25] {Les} out +.19 BEAV, out slightly negative AMSC

[10:25] {Les} big bounce in AMSC stopped me out of my short

[10:27] {Threei} I hate to do it but...

[10:27] {Threei} Long Setup: TM .85 break half lot

[10:28] {Threei} if stays above .70

[10:29] {nemo} wow

[10:29] {nemo} holy manure

[10:29] {Threei} some new news somewhere I guess

[10:30] {Threei} DOE CRUDE: 2.3 v Oe (FLAT EST.); GASOLINE: v +1.2Me; DISTILLATE: -950K v -1Me

[10:30] {Threei} cascading it is

[10:30] {nemo} that should drive the price of oil up

[10:31] {nemo} rimm

[10:32] {Threei} Market Internals update at 10:30amET

[10:32] {Threei} - NYSE volume 225M shares, about 10% below its three-month average; decliners lead advancers by 2.7:1.

[10:32] {Threei} - NASDAQ volume 545M shares, about 9% above its three-month average; decliners lead advancers by 1.1:1.

[10:32] {Threei} - VIX index -0.5% to just under 21.50

[10:33] {Threei} TM is in serious troubles

[10:33] {strider} 3 day old CELM showing a little life.

[10:33] {Threei} wow

[10:33] {Threei} anyone sees news?

[10:34] {nemo} no

[10:34] {Threei} US President Obama: Should ensure that currency policies do not put the US at a disadvantage

[10:34] {Threei} ***Reminder: G7 summit to take place in canada later this week

[10:34] {nemo} oh shit

[10:34] {Threei} ahha

[10:34] {Threei} TM US Transportation Sec: Owners should stop driving recalled models immediately

[10:34] {Threei} here it is

[10:34] {Threei} jeez

[10:35] {Threei} they decided to finish Toyota off

[10:35] {larisa} what a propaganda, in best tradition of soviet union :)

[10:35] {Les} lol

[10:35] {fernp} SDS

[10:35] {Les} put the stake into their heart

[10:35] {Threei} absolutely

[10:36] {Threei} they want to milk this didsaster as much as possible

[10:36] {ese} out atvi .43 +.04

[10:36] {dino} amsc to flat

[10:36] {strider} still lots of resis in 73 area.

[10:36] {ese} it wasna...goin nosewhere

[10:37] {Threei} millions of Toyotas on the road, there were what, 10 or 15 cases?

[10:37] {Threei} everyone should just stop dfriving them?

[10:37] {Les} oh I'm having fun with TM now!

[10:38] {Les} if this is momo I love it!

[10:38] {Threei} it sure is

[10:38] {Threei} you in short?

[10:38] {Threei} it had all the makings of disastrous drop from the early morning

[10:38] {Les} was until you called long :)

[10:38] {dino} out jst .54

[10:38] {Les} then I went short again

[10:38] {fernp} out SDS :-)

[10:38] {dino} -.26

[10:38] {Threei} it was ready for bounce

[10:38] {Threei} news is news

[10:39] {dino} out amsc flat

[10:39] {Les} yeh just taking the mickey out of you

[10:39] {dino} will sit for a few minutes

[10:39] {Les} was ready to agree with you

[10:39] {Les} it wasn't looking short

[10:39] {Threei} find someone else to take mickey out of, will ya {G}

[10:39] {Les} until some new news came along

[10:40] {Les} :D forgive me master

[10:40] {Threei} that you don't want

[10:40] {dino} fsys gap fill couple days ago

[10:40] {Threei} I usdually forgive those I kill, right after killing them

[10:40] {Les} lol

[10:40] {Threei} makes me feel all merciful

[10:41] {dino} i eat what i kill

[10:41] {Les} ok. TM putting the heat on the market?

[10:41] {dino} makes me feel full

[10:41] {strider} just the blood.

[10:41] {ese} very challenging markt inviroment these days....

[10:41] {Threei} feels like market drops on its own

[10:41] {nemo} .16 pivot support for tm

[10:41] {dino} sm l fsys .70

[10:44] {Threei} next leg down is coming it seems

[10:45] {strider} inverse c&h IOC

[10:46] {Threei} good eye

[10:46] {Threei} volstile as hell, hard to get entry, but formation is perfect

[10:46] {strider} +.40 IOC

[10:46] {dino} same rumors couple days ago, ioc

[10:46] {Threei} wtg

[10:46] {Threei} got TM short this time, .75

[10:47] {dino} gap 59.24

[10:47] {dino} and 62.50

[10:47] {Les} i'm finished for the day

[10:47] {dino} gj strider\

[10:47] {Les} unless this market shows some good downtrend

[10:47] {dino} les, good day already?

[10:47] {strider} thanks, dino.

[10:48] {Les} taking my cut out of TM on a few scalps now dino

[10:48] {dino} gj

[10:48] {Les} ty, that's enough

[10:48] {Threei} IMO, it's not done selling

[10:48] {dino} i am just a late starter

[10:48] {Threei} late bloomer dino?

[10:49] {dino} tex sm l .92

[10:49] {nemo} where to get in though

[10:49] {Threei} this is major problem

[10:49] {strider} market reversal

[10:49] {Threei} the only thing you csan dio is this:

[10:49] {Les} I'll take more if you can see setup vad

[10:49] {nemo} hop and hope

[10:49] {dino} amsc last try sm l .89

[10:49] {Threei} wastch chart as a whole, define general entry zxones on bounces,

[10:50] {Threei} keep size small and be ready to multiple attempots

[10:50] {dino} neu sm l .40, wide

[10:50] {dino} ok market giddy-up

[10:51] {nemo} watch for alot of white T&S too

[10:52] {Les} what's the white?

[10:52] {Les} white numbers

[10:52] {dino} gray here

[10:52] {nemo} market orders people just wanting to sell

[10:53] {nemo} often indicates change in direction

[10:53] {Threei} TM Goldman Sachs downgrades rating to Neutral from Buy (timing uncertain)

[10:54] {strider} TM downgrade :)

[10:54] {strider} GS

[10:54] {dino} real paid for research

[10:54] {Les} earning his $100 million

[10:54] {larisa} missed nice RIMM 67 break watching TM

[10:54] {nemo} so, while I wasn't looking at rimm...look at the volume increse into 10:48 and break

[10:55] {larisa} :)

[10:55] {nemo} that's funny,, I saw .80...see what happens when you watch a bad car wreck...pun intended

[10:55] {dino} lol les, -20 they go to neutral

[10:56] {strider} that means if you put your Toyota in neutral, nothing bad will happen.

[10:56] {larisa} my signal was .80 break yes on RIMM, but 67 was too much of res to take it for me

[10:56] {nemo} so, you scalp for .20...women

[10:57] {larisa} I am burger flipper, will take anything :)

[10:57] {Threei} that was good setup, Larisa...

[10:57] {nemo} tm looking long on volume ac tually

[11:00] {nemo} stop was too big

[11:00] {Threei} RIMM pulling back

[11:00] {Threei} let's watch it for entry off support

[11:00] {nemo} .20?

[11:01] {Threei} feels to me like rather sharp dive undeer it, wwith entry closre to .10

[11:01] {nemo} yeah, pivot support at .09

[11:04] {nemo} rimm might be looking short here actually

[11:04] {dino} jst rinsed

[11:04] {dino} thing is strong

[11:09] {ese} l stec .53

[11:12] {fernp} YHOO on highs

[11:13] {ese} thats what you usually say when your high.....yhoo

06[11:13] * nemo slaps fernp around a bit with a large sense of humor

[11:13] {fernp} humor? what is that?

[11:13] {nemo} that's my point

[11:14] {ese} tks dude

[11:14] {nemo} oh...sorry fern...shot the wrong guy

[11:15] {ese} na na ....it's time you taught them rookie new to the board punks a humor lesson or two

[11:15] {nemo} I'm not sure what I could teach about humor is a positive

[11:16] {strider} You talking about humor-Les?

[11:16] {ese} well........then we have a problem

[11:16] {ese} lol

[11:16] {dino} neu out .28, +.88

[11:16] {ese} egzactilly

[11:17] {nemo} joyg at bottom of cup if it moves to .60 on volume

[11:18] {nemo} decided to be a short instead

[11:19] {fernp} DIS breaking .50

[11:21] {nemo} cat testing hod

[11:24] {Threei} VRNM Ticking higher; hearing Lazard commenting on growth measures for the biodiesel industry in US Administration announcement later today (related PEIX CZZ ADM )

[11:26] {fernp} T breakdown, Vad?

[11:31] {fernp} .

[11:34] {Threei} hmm

[11:34] {fernp} no problem :-)

[11:34] {Threei} too narrow, I think

[11:35] {Les} s zion .98

[11:36] {Les} stopped

[11:40] {Les} vad, you got a working theory on market direction shaping up?

[11:40] {ese} dino....wheres mags these days

[11:42] {fernp} faz

[11:46] {dino} he's here, tenant issues, plus he's been helping my sister open up her pub.

[11:46] {nemo} that's dangerous

[11:47] {dino} yeah, i think he secretly wishes it was his

06[11:47] * nemo pictures magoo intravenously attached to a keg

[11:47] {Les} for the money, or the contents of the building?

[11:48] {dino} ego

[11:48] {ese} right on.....good luck to your sister

[11:49] {Les} partial out ZION +.10, .89

[11:49] {dino} thx

[11:49] {dino} gj

[11:49] {Les} zion lod

[11:49] {nemo} woman with a pub

[11:49] {nemo} that's almost as good as a trust fund

[11:50] {strider} going for extra brownie points with the women in the room, nemo?

[11:50] {fernp} 1:1 T

[11:50] {nemo} no...I've got too bad a case of PTSS from relationships

[11:50] {Threei} Les... down, IMO

[11:50] {Les} sounds good to me

[11:51] {dino} it's the Mc in us

[11:51] {nemo} rimm looks like it might test support

[11:51] {nemo} Reminds me of a joke

[11:52] {nemo} Patrick Flannery died at his job at the brewery

[11:52] {nemo} Seamus and the boys went home to tell his wife

[11:52] {nemo} Mrs. Flannery, sorry to tell you that Patrick died today

[11:52] {nemo} How'd he die? she asked.

[11:53] {nemo} Well, he fell into the Brewery vat and drowned.

[11:53] {nemo} Did he suffer?

[11:53] {nemo} I don't think so, he came up three times for air

[11:53] {dino} lol

[11:53] {Les} lol

[11:53] {patience} not bad nemo

[11:54] {Threei} lol

[11:54] {nemo} ty

[11:54] {nemo} I've got another, but it's not quite so tasteful

[11:55] {nemo} Seamus and Patrick were shoeing a horse at the livery

[11:55] {nemo} Seamus noticed the horses eyes were crossed

[11:56] {nemo} Says to Patrick, (Irish accent) Will you look here, the horse's eyes are crossed!

[11:56] {nemo} Seamus says, I'll show you how to fix it

[11:56] {nemo} So...he takes a long pipe, puts some grease on it, and inserts it rather far in the horses...ah...er....rear

[11:57] {nemo} Then, he blows really hard through one end

[11:57] {nemo} Says to Seamus, how's it look?

[11:57] {nemo} Seamus says, still crossed.

[11:57] {nemo} Patrick blows again

[11:57] {nemo} Anything?

[11:57] {nemo} Nah

[11:58] {nemo} So Seamus says, "Why don't you let me give it a try?"

[11:58] {nemo} Patrick says, "O.K."

[11:58] {nemo} So, seamus goes to the back end, pulls the pipe out, turns it around, and reinserts it

[11:59] {nemo} Patrick looks, on in disbelief and asks, "Seamus, why did you do that?!"

[11:59] {Les} TM

[11:59] {nemo} Seamus: "Sure and Begorrah you didn't think I was going to put my mout where yours was?"

[11:59] {nemo} mouth

[11:59] {Les} lol

[12:00] {patience} ty nemo, i'll think of you when i'm out at the stables this afternoon :)

[12:00] {Raven} sigh

[12:00] {Les} 2nd half out ZION +.19

[12:00] {nemo} What's funnier, is I first heard the joke from a US. Diplomat

[12:02] {nemo} Guess you liked it, huh Raven?

[12:02] {Raven} it was nice

[12:03] {nemo} Yes, I've noticed the contraindication of your level of admonition being inversely correlated to your actual enjoyment

[12:04] {Raven} astute observation

[12:04] {nemo} ravings of a lunatic

[12:04] {Raven} who you calling a lunatic?

[12:04] {Threei} TM looks like finally getting ready for sizeable bounce

[12:04] {nemo} who was raving

[12:05] {Raven} right

[12:05] {nemo} ooohh...touuuuchy today

[12:05] {Raven} always

[12:07] {Raven} btw .... cosmo is alive and well

[12:07] {Les} thanks Vad +.25 TM

[12:07] {Threei} gj

[12:07] {Raven} he's on sabbatical from the market

[12:08] {Threei} took 73 break... too fast to alert...

[12:09] {Threei} Toyota Motor Corp US Transportation Sec Lahood issues clarification, feels recalled vehicles should be driven to a Toyota dealer as they may have a fix for the issue

[12:09] {Threei} - Note: Earlier it was reported that the Transportation Sec called for drivers to stop driving the recalled vehicles

[12:09] {Threei} imbecile

[12:09] {Threei} "feels recalled vehicles should be driven to a Toyota dealer"

[12:09] {nemo} that's a nice way to put what I was thinking

[12:09] {Les} took toyota long enough to respond

[12:09] {Threei} there is a need to have some special "feel" to issue that recommendation?

[12:10] {Threei} some great insight?

[12:10] {fernp} FAZ no go

[12:10] {Les} UMPQ

[12:11] {Les} nah a bit slow

[12:14] {Threei} TM is a beaut

[12:17] {Les} you took it?

[12:18] {Threei} 12:08] {Threei} took 73 break... too fast to alert...

[12:18] {Les} nice.

[12:22] {Les} s TM .97

[12:24] {Threei} hmmm

[12:24] {Threei} why?

[12:24] {Les} 200 ma

[12:24] {strider} to make money, vad. What planet are you ffrom?

[12:24] {Threei} sorry

[12:24] {Les} but it looks like it wants to take it

[12:24] {Threei} didn't think of that

[12:24] {strider} :)

[12:25] {dino} lol

[12:26] {Threei} I'll wait for a trade to be over one way or anotger, to comment

[12:27] {Les} out +.10

[12:27] {Les} Vad's scaring me

[12:28] {strider} He claims he's just a teddy bear, les.

[12:28] {Threei} just a sec

[12:28] {Les} who kills people for forgiveness

[12:30] {strider} He's really one of those Stephen King teddy bears: when you turn your back he grows horns and drools blood.........your blook.

[12:30] {strider} blood.

[12:31] {Threei} my problem with that reasoning, Les:

[12:31] {Threei} you don't assume automaticaslly that supports or resistances created by MAs will hold

[12:32] {Threei} they are just the levels to watch

[12:32] {Threei} what you really want for a high probability trade is:

[12:32] {Threei} some nice signal COINCIDING with those levels

[12:32] {Threei} That's when you have the best odds

[12:32] {Les} ok.

[12:32] {Threei} looking back at this one, for instance,

[12:33] {nemo} so, like when I call a trade long....go short

[12:33] {Threei} should you get double top at, let's say .10

[12:33] {Threei} with bottom between two peaks at 74,

[12:33] {Threei} with first peak piercing BBs,

[12:33] {Threei} second peak contained within them,

[12:34] {Threei} I'd scream bloody murder if you DIDN'T take such trade

[12:34] {larisa} I think Les's idea was not bad, may be a bit early for comfort. off .20 res. 3 drives to a top pattern with falling indicators into 200 MA. of course vad had to ask "why? " :)

[12:34] {Les} cool

[12:34] {Threei} but the trade was taken before those 3 drives Larisa

[12:35] {Threei} that's what gave me pause

[12:35] {larisa} not really, 74 and 2 tops at 74.20

[12:35] {larisa} perfect for scalp in my book

[12:35] {Les} i don't understand a word larisa is saying...

[12:35] {larisa} lol

[12:35] {Threei} 12:22, Larisa

[12:36] {larisa} 12:14 first

[12:36] {Threei} se?

[12:36] {Threei} 12:14 touched 74

[12:36] {Threei} 12:22 entry is not after 3 drives

[12:37] {Threei} it was rather arbitrary entry into upward momo

[12:37] {Threei} chancing it

[12:37] {Threei} it's not impossible to trade this way and make money of course,

[12:37] {larisa} 12:14, 12:20, 12:25

[12:38] {Threei} but it's a hard way

[12:38] {Les} ok I see what you're both on about

[12:38] {Les} gives me a new way to look at resistance plays

[12:38] {larisa} 3 rising tops with indicators dying

[12:38] {larisa} very good pattern

[12:38] {Les} indicators being?

[12:39] {Les} volume I assume and what else

[12:39] {Threei} what three tops? your third is AFTER the entry :)

[12:39] {larisa} whatever you use. I use SMI

[12:39] {Les} yeh yeh yeh that we understand

[12:39] {nemo} would you to get a room

[12:39] {Threei} .97 entry gives you 25 cents stop

[12:39] {Les} I am bad Vad

[12:39] {larisa} this is why i said he was a bit early :)

[12:39] {Les} trying to understand how larisa does business

[12:40] {larisa} do not les, just follow vad or you will be confused, i just wanted to protec you a bit :)

[12:40] {larisa} protect

[12:40] {nemo} Man (in the general sense) has been trying to understand them since the universe was created

[12:40] {Les} that's sweet, thank you:)

[12:41] {Les} anyone to back me up against that grumpy, steven king evil teddy bear...

[12:41] {nemo} hell no...smell blood, time to partake

[12:41] {Les} Vad, this a pullback before a long in TM?

[12:42] {Les} before potential entry

[12:42] {Threei} hmm?

[12:43] {Threei} sorry Les, don't underdtand

[12:43] {Les} any working scenarios for TM?

[12:43] {Les} but it dropped a bit now

[12:43] {Threei} you measn if this pullback is good for entry?

[12:43] {Les} y

[12:43] {Threei} IMO, it's getting tired

[12:43] {Threei} moves are likely to become more random

[12:43] {Les} ok. might wait for EOD selloff

[12:45] {Threei} to finish my houghts Les, before Larisa ultimately protects you...

[12:45] {larisa} protect=defend :)

[12:45] {Threei} don't look at support and resistance as levels that will hold

[12:46] {Threei} look at them as levels where stock will prove something,

[12:46] {Threei} that it's either capable of breaking them or not

[12:47] {Threei} H&S

[12:47] {Threei} bounce into .20 - .30 is for short

[12:48] {Threei} RIMM guys

[12:49] {nemo} yeah

[12:49] {Threei} thing continues consolidasting under the high

[12:49] {Threei} .50 formed good resistance to break

[12:49] {Threei} zI wish we didn't have the next one so close as .63

[12:49] {Threei} but still

[12:50] {Threei} it's worth a try on a break

[12:50] {Threei} and watch TM for short is bounces into that 74.20 - 74.30

[12:50] {Threei} is = if

[12:51] {Threei} RIMM{ half out

[12:51] {Threei} scalpers take profit

[12:51] {Threei} and don't admit you did

[12:52] {strider} you talkin t' me?

[12:53] {nemo} o.k. Deniro

[12:53] {strider} ain't nobody else here so you must be talkin' to me.

[12:54] {strider} I hate RIMM

[12:55] {Threei} Research in Motion Ltd Reportedly London High Court judge rules RIMM did not infringe a Motorola e-mail gateway patent

[12:55] {Threei} - Suits over the issue have been ongoing since 2007 when a license agreement ended between the two companies. MOT has a separate suit which it filed with the ITC last month seeking to prevent RIMM from importing smartphones that allegedly infringe its patents.

[12:55] {Threei} Toyota Motor Corp Comments that consumers should contact dealers assuming issues are encountered with acceleration pedals

[12:55] {Threei} - comments that 'confident vehicles are safe to drive'

[12:55] {strider} TM touched 74.30

[12:56] {nemo} might want to watch fcx also

[12:56] {nemo} been consoliating after strong down move

[13:01] {Threei} ACOR new 52 week highs

[13:08] {fernp} gotta go. Good evening everybody. See u all tomorrow

[13:08] {dino} cya fern

[13:09] {Threei} take care fern

[13:11] {Threei} Fed's Warsh: Mortgage system needs evaluation; resolution authority alone for financial firms not sufficient to handle risks of financial system

[13:11] {Threei} - feels that some financial companies have an 'implicit support' from the Govt; which causes weak market discipline

[13:11] {Threei} - must look at Fannie and Freddie among other aspects of mortgage system for the originations of the crisis

[13:11] {Threei} no really?

[13:11] {Threei} Fannie and Freddie had something to do with that?

[13:20] {Threei} TM is long closer to 74 now

[13:21] {Threei} if no pullback anymore, let's try semiaggressive .20 break

[13:21] {Threei} if stays above .10

[13:21] {Threei} ok, pulling back

[13:22] {Threei} .10 break long

[13:22] {Threei} if holding 74

[13:24] {Threei} not a scalp if works

[13:28] {Threei} my plan: first partial closer to .40, second abiove .50 and third around .70-.90

[13:28] {Threei} 1:1

[13:28] {Threei} first partial out

[13:28] {Threei} .36

[13:29] {Threei} second partial out

[13:29] {Threei} .55

[13:30] {larisa} liked setup :)

[13:30] {Threei} and?

[13:30] {larisa} nothing, good job :)

[13:30] {Threei} if no one took it, I'll see you all in 2013

[13:31] {Les} I didn't

[13:31] {Les} but I was serving dinner, so I have excuse

[13:32] {jmb} thanks vad - still holding some

[13:32] {Threei} whew... thank you jmb

[13:32] {Threei} I was going to ask, are you all kidding me?

[13:32] {Threei} 10 cents risk on such stock with such potential?

[13:33] {Threei} if you guys don't take this jind of trades, what am I doing here

[13:33] {jmb} new stop?

[13:34] {Threei} I'd keep it low, under .20

[13:34] {jmb} thanks

[13:34] {nemo} got support at .30

[13:34] {Threei} don't want to lose any single cent on it, and want to give it somne room to breathe

[13:34] {Threei} it can go to 75 easy

[13:35] {nemo} actually formed nice C&H on 5 minute or two minute

06[13:35] * Threei slaps whole room except jmb around a bit with frozen trout weighing 120 lbs and endowed with very sharp fins

[13:35] {nemo} I wasn't here

[13:36] {Threei} I don't care

[13:36] {nemo} sounds about right

[13:36] {nemo} meany

[13:36] {Threei} got anything new to share?

06[13:36] * nemo pulls out voodoo doll of vad

[13:37] {Threei} Stimulus money goes to anti-obesity projects

[13:37] {Threei} definition of stimuls widens before our very eyes

[13:37] {nemo} ha ha ha

06[13:38] * Threei eats his vodoo dolls for breafast niot even taking pins out

[13:40] {Threei} Transportation Sec Says He "Misspoke" Adising Toyota Owners to Stop Driving

[13:40] {larisa} lol

[13:40] {Threei} I'd say guy is lucky Toyota is not really in position to sue

[13:40] {Threei} PR nightmare it is in kind of precludes that

[13:41] {Threei} otherwise that "misspeaking could cost govt dearly:

[13:41] {Threei} 3rd target is hit TM

[13:42] {Threei} your decision from now on

[13:42] {jmb} out - thanks vad

[13:42] {Threei} welcome :)

[13:50] {ese} .

[13:50] {ese} just watchin

[13:52] {Les} maybe one more bounce for RIMM before b/d for smaller stop

[13:54] {Les} RIMM .50 b/d?

[13:56] {Les} s RIMM .49. damn could be bounce time for market

[13:56] {Threei} I asm not delighted, honestly

[13:59] {Les} stopped

[14:00] {nemo} honesty?

[14:00] {nemo} wrong room

[14:02] {Threei} Market Internals update at 2:00pmET

[14:02] {Threei} - NYSE volume 595M shares, about 6% below its three-month average; decliners lead advancers by 2.9:1.

[14:02] {Threei} - NASDAQ volume 1.54B shares, about 15% above its three-month average; decliners lead advancers by 1.4:1.

[14:02] {Threei} - VIX index +0.25% to just over 21.50

[14:06] {dino} cacc

[14:10] {Les} LXK for b/o?

[14:11] {Threei} probably

[14:11] {Threei} kind of 55/45

[14:11] {Les} k

[14:25] {dino} ioc gap fill from mon. close

[14:29] {dino} ads

[14:31] {nemo} amsc db

[14:32] {Les} fdx .30 b/d?

[14:33] {Threei} nah

[14:33] {Threei} it's not even badf setup

[14:33] {Threei} they simply don't move

[14:34] {Threei} look at LXK

[14:34] {Les} ?

[14:34] {nemo} coma

[14:34] {Les} stuck in limbo land

[14:34] {Threei} (US) Fed Chairman Bernanke: Fed policies need to ensure price stability, unemployment remains too high

[14:34] {Threei} let me try again:

[14:35] {Threei} (US) Fed Chairman Bernanke: Fed policies need to ensure price unemployment remains too high

[14:35] {Les} :O

[14:35] {dino} sm l ads .00

[14:35] {Les} he really say that?

[14:35] {Threei} well, he said what I posted first time

[14:35] {Les} yeh yeh

[14:35] {Threei} I just casn't help streamlining it

[14:36] {Les} why didn't he ensure stability before it all went to s/&3 one might ask

[14:36] {Threei} because in 2005 he didn't think there was a bubble,

[14:37] {Threei} and in 2007 he thought we already were turning the corner

[14:38] {Threei} and he never thought flooding system with easy money has any consdequences

[14:38] {Les} I'm surprised no one's whipped up a youtube vid with all these contradictions

[14:38] {Threei} and now he gets hailed as a hero for all these high achievements

[14:38] {Les} they really are quite glaring, the inconsistencies with what he says

[14:38] {Les} ditto greenspan

[14:39] {Les} oh well, we'll have to settle for time magazine cover for bernanke as well

[14:41] {Les} lxk

[14:41] {nemo} figures

[14:42] {Les} EL

[14:45] {dino} cacc bit wide

[14:52] {dino} out ads .40, +.40

[14:53] {Les} nice one

[14:54] {dino} ty, bit soon

[14:59] {dino} good call db on amsc

[15:00] {nemo} BC

[15:10] {Threei} AMSC

[15:11] {nemo} where you been

[15:11] {Threei} it's ready to reverse for real, it's only this market pullback that weighed on it

06[15:11] * Threei slaps nemo around a bit with a large running commentary

[15:11] {nemo} .50 hold .40?

[15:11] {nemo} oops

[15:11] {Threei} yes

[15:12] {nemo} oh well, nice call on my part, that's about it

[15:12] {nemo} it peaked at the 200 also

[15:15] {Threei} wastch market here

[15:15] {Threei} it spikes, grab AMSC

[15:15] {dino} indeed nemo

[15:18] {nemo} that's my allotment of BC moments

[15:21] {nemo} amsc back to the bottom

[15:21] {dino} 2

[15:21] {nemo} 2 what

[15:22] {dino} 2 x a day

[15:24] {dino} lea

[15:25] {nemo} ex?

[15:27] {dino} sm amsc l .18

[15:28] {Les} s amsc .25

[15:28] {dino} ads sm l .26

[15:29] {Les} out +.10

[15:31] {dino} cacc

[15:31] {Threei} US Treasury: Some TARP funds to be allocated to some community development lending programs

[15:31] {Threei} they really think of this money as their to distribute eh

[15:31] {nemo} What's new?

[15:31] {dino} second handers

[15:32] {Threei} Market Internals update at 3:30pmET

[15:32] {Threei} - NYSE volume 780M shares, about 5% below its three-month average; decliners lead advancers by 2.8:1.

[15:32] {Threei} - NASDAQ volume 1.97B shares, about 14% above its three-month average; decliners lead advancers by 1.5:1.

[15:32] {Threei} - VIX index +0.75% to just over 21.50

[15:33] {nemo} amsc not moving up with the mrket

[15:33] {dino} sm l .74 cacc

[15:34] {nemo} now it moves a little

[15:34] {dino} amsc is just there to shake me out

[15:34] {dino} tomorrow up 2 on it

[15:35] {Threei} should go now

[15:36] {Threei} but sheesh

[15:36] {dino} stopped ads -.26

[15:36] {Threei} I am really interested what is behind this pressure

[15:36] {Threei} no single hint of anything wrong

[15:36] {Threei} no slightest controversy about it

[15:36] {nemo} rimm sprinting again

[15:36] {Threei} plain straightforward good news all around, and not olverbought

[15:37] {larisa} 90% of AMSC Business are in China. may be campaign starting agains the China? :)

[15:37] {dino} "they" are behind it

[15:37] {nemo} bastids

[15:38] {Threei} well... if Tibet traders drove this stock, I'd understand :)

[15:38] {larisa} lol

[15:40] {Les} there you go dino, some amsc for everyone

[15:41] {dino} f i n a l l y

[15:41] {nemo} might get a positive close

[15:41] {Threei} told ya

[15:41] {nemo} qs and dji easy

[15:42] {Threei} [15:35] {Threei} should go now

[15:43] {Threei} beautiful

[15:43] {dino} out .60 amsc, +.42

[15:43] {Les} i definitely got the short end of the stick on amsc

[15:44] {dino} gotta hop out tex -.09

[15:44] {dino} out rino +.04

[15:45] {dino} ohh mannn amsc

[15:46] {dino} out cacc .81, +.07

[15:46] {dino} thx all, l8r

[15:47] {larisa} bye :)

[15:48] {Threei} take carwe dino

[15:49] {Les} ciao dino

[15:53] {billyc} gn all

[15:53] {Les} c ya billy

[15:56] {Threei} thank you all

[15:57] {Threei} have a good evening, see you tomorrow

[15:57] {Les} no wait! China opens in 3 hours!

[15:57] {Threei} I don't mind, it can feel free to

[15:57] {Les} hmm. well its good night then

[16:00] {Les} how rude of me to leave without saying "good night"

Feb 02 2010

Fair day with a few bigger trades working, some scalps and a few stops. Activity is higher, and trades come in all colors, sectors and directions. RIMM, X, TM, QID, GLD, RCL, ZION - all flavors are there.

Session Time: Tue Feb 02 00:00:00 2010

[08:00] {Les} GM :D

[08:00] {Les} PCX. interesting on the daily chart, yesterday and pre market

[08:18] {Threei} ACOR JP Morgan adds to U.S. Analyst Focus List; Reiterates Overweight rating, price target $40

[08:18] {Threei} - Firm believes ACOR shares are well positioned for an upside launch.

[08:23] {Les} SU falling premarket. looks like db on hourly chart or bounce before next leg down. earnings have slipped

[08:24] {Threei} SU Reports Q4 C$0.29 v C$0.42e; oil sands production avg 278.9Kbpd v 243.8Kbpd y/y

[08:24] {Threei} - Guides FY10 Oil Production at 295K to 305K bpd

[08:25] {Les} PCX did nicely however. Will be looking for continued uptrend today

[08:27] {Threei} IVAN First Well in Ecuador Reaches Planned Total Depth, Testing Program Commences

[08:27] {Threei} RCL Wells Fargo raises FY10 EPS forecast to $2.00 from $1.58

[08:27] {Threei} - Estimates FY11 at $2.95

[08:30] {Threei} MNKD Wells Fargo lowers FY10 EPS estimates to -$0.01 from $0.46

[08:32] {Les} MNKD bouncing off $10 support. could be ready for b/d today

[08:59] {i2romantis} gm all

[08:59] {nemo} haroo

[08:59] {Threei} i2r :)

[08:59] {i2romantis} 3i:)

[09:01] {Les} hi Nemo, i2

[09:02] {nemo} haroo

[09:02] {Les} belt up ya bloody sheila

[09:03] {Les} sounds like call of a moose... harooo

[09:03] {nemo} you've obviously not been around moose

[09:04] {fernp} Good morning everybody

[09:04] {ese} good morning

[09:04] {Threei} fern, ese :)

[09:04] {Les} fern, ese

[09:05] {ese} les

[09:05] {ese} fern

[09:06] {i2romantis} les, ese, fernp, nemo

[09:06] {Les} Vad, I'm watching your scalping video again

[09:06] {i2romantis} that video should be taught in schools :)

[09:06] {Les} what importance do you place on bollinger bands?

[09:07] {Threei} general feeling of where the stock is in terms of volatility

[09:07] {Threei} tightening bends vs broadening, price nearing/piercing the band

[09:07] {Les} ok

[09:10] {Threei} ese, look dcc please

[09:17] {larisa} gm :)

[09:17] {Threei} larisa :)

[09:17] {nemo} lari :)

[09:17] {Threei} (US) DOE Nuclear Regulatory Commission provides final staff guidance for review of new saftey reports in regards to new nuclear power plants

[09:17] {larisa} vad, nemo :)

[09:18] {Threei} are we getting ready to nuclear resurrection?

[09:20] {Les} $50B in federal loan guarantees suggest yes

[09:20] {Les} I believe cost overruns are such that massive taxpayer support will be required

[09:21] {Les} taxpayer always pays

[09:23] {dino} gm

[09:23] {Threei} dino :)

[09:23] {Les} hey dino

[09:24] {Les} Vad what's on your watch list?

[09:24] {dino} :)

[09:24] {Threei} not much Les

[09:24] {Threei} morning is non-indicative so far

[09:24] {Threei} want to see if IVAN has gas

[09:24] {Threei} and waiting for the scanner to spit something out

[09:26] {lasertrev} morning

[09:26] {Threei} trev :)

[09:26] {dino} lxk, cmi, bks

[09:27] {Threei} AA pullback after the open would be of interest

[09:27] {Threei} X roo

[09:27] {Threei} tpoo

[09:27] {Threei} too

[09:27] {Threei} there

[09:30] {nemo} fcx support at .20

[09:30] {Les} ACOR has gapped up to new support level

[09:31] {Threei} crap, X was too fast to aslert

[09:31] {Threei} support?

[09:31] {Threei} ACOR?

[09:31] {Les} pivot point

[09:31] {nemo} fcx did a support bounce also

[09:32] {nemo} market pulling back a bit

[09:32] {Threei} VNDA Madison Williams Initiates VNDA with Buy, price target: $19

[09:33] {Les} pcx might be a reversal

[09:34] {Les} ACOR

[09:34] {Threei} Long Setup: X .50 break half lot

[09:34] {nemo} oops

[09:34] {Threei} stop .35

[09:34] {nemo} too fast

[09:34] {fernp} missed

[09:34] {nemo} nice call though

[09:34] {Threei} well above 1:1

[09:35] {Les} aa?

[09:35] {Threei} didn't get even close to support levels I'd be jazzed about

[09:36] {Les} small bounce pcx. new b/d coming?

[09:36] {Les} .60?

[09:37] {Les} too late

[09:37] {Les} aa .73 b/d?

[09:38] {Threei} better look for aggressive entry if ou weant to shart it

[09:38] {Threei} I am not looking for short on it

[09:38] {Les} ok

[09:39] {Threei} Long Setup: ZION .10 break

[09:39] {Threei} invalidated

[09:40] {nemo} amzn dumped again

[09:42] {Les} s mnkd small shares .54. stop hod

[09:42] {Threei} Short Setup: GLD .75 half lot

[09:42] {Threei} if stays below .85

[09:45] {Threei} no go

[09:45] {fernp} yeah

[09:45] {Threei} hit almost 1:1 too quickly

[09:46] {nemo} 1:1 was the 200 ma

[09:46] {billyc} gm all happy Tuesday

[09:46] {Threei} billy :)

[09:47] {Les} hey billy

[09:47] {Les} PCX 16 b/d?

[09:48] {Les} with a little consolidation

[09:48] {Les} stop too large now

[09:50] {Threei} US) Preview: Dec Pending Home Sales due out at 10:00ET

[09:50] {Threei} **consensus expectation (m/m): +1.0%e v -16% prior

[09:50] {Threei} (US) White House Advisor Volker: Hedge funds should be allowed to make profits and fail, defends administration plan to limit proprietary trading at banks

[09:51] {dino} shocking, "allowed" to make profits

[09:52] {Threei} lol

[09:52] {fernp} DOW, Vad?

[09:53] {Threei} can't tell which way

[09:53] {fernp} ok

[09:53] {Threei} Long Setup: X .10 break

[09:53] {Threei} .95 stop

[09:54] {Threei} grr

[09:54] {nemo} fcx approaching db

[09:55] {i2romantis} COCO

[09:56] {Threei} IVAN 62 weeks high

[09:57] {dino} neu drop

[09:57] {Threei} ese, keep an eye on it

[09:57] {Threei} your kind

[09:57] {dino} crm too

[09:57] {Les} out MNKD +.20

[09:58] {ese} will do

[09:58] {ese} tks

[09:58] {dino} gj les

[09:59] {ese} sorry vad ivan or X

[09:59] {nemo} fcx .36 is 200 ma for bounce or consolidation for short

[09:59] {Les} leaving money on the table, but such is life. ty

[09:59] {Threei} IVAN ese

[09:59] {ese} tks

[10:00] {Threei} *(US) DEC PENDING HOME SALES (M/M): 1.0% V +1.0%E; (Y/Y): 10.5% V +19.3% PRIOR

[10:00] {Threei} (US) Treasury's Geithner: Unchecked deficits threaten US prosperity (related EUR/USD TLT SHY )

[10:00] {Threei} wow, really?

[10:00] {nemo} market happy it met estimates

[10:01] {Threei} X nears double bottom level

[10:01] {ese} don't look happy to me

[10:03] {Threei} Long Setup: X .30 break

[10:03] {Threei} invalidated

[10:04] {nemo} amzn headed for retest of yesterday low

[10:04] {Les} RCL 27 b/o? showing strength against market

[10:05] {Threei} Long Setup: X .10 break

[10:05] {nemo} missed

[10:05] {fernp} here too

[10:06] {Threei} RCL yes

[10:06] {Threei} 27 break worth trying

[10:08] {Les} MNKD trying to get back into the game

[10:09] {Threei} GLD...

[10:09] {dino} clw

[10:09] {Threei} looks like short asgain but seriously, will this one ever behave?

[10:09] {nemo} fcx range tightened up could o either way

[10:09] {Threei} inverted C&H

[10:10] {Les} SLW showing similar behaviour

[10:10] {dino} sm s clw .48

[10:11] {Les} .90 b/d in slw would be interesting

[10:11] {Threei} here comes GLD breeakdown

[10:12] {Threei} I don't think I've ever seen a stock so obviously preesenting short opportunities and so hard to nail down as a short

[10:12] {Les} s slw .88 small shares

[10:13] {Les} 1:1 RCL out ty

[10:13] {Threei} good one

[10:13] {Threei} clean setup

[10:13] {fernp} out too. ty Les

[10:13] {Les} yeh gotta stop thinking like it ain't going to work and go with the chart and setup

[10:14] {Les} was thinking again too much yesterday

[10:14] {Threei} there you go

[10:14] {Threei} it takes some serious thinking to realize that thinking is not needed

[10:14] {ese} L aone .51

[10:15] {Threei} what the deuce?

[10:16] {ese} stop .40

[10:16] {dino} clw cov/stopped -.33

[10:17] {ese} that was close

[10:18] {Threei} grrr...missed that double bottom on X

[10:18] {ese} don't try this at home

[10:18] {ese} git

[10:22] {ese} nawwwwww out aone .44 -.07

[10:22] {ese} little too much o a gamble

[10:22] {Threei} a bit, yeah

[10:23] {Threei} AONE is not a good breakout stock

[10:23] {ese} wasn't lookin like......had .11 there and should ave taken it

[10:25] {Threei} wow RCL

[10:26] {Les} i believe the term is scalpers regret

[10:28] {Les} slw .05 b/o?

[10:28] {Threei} I doubt it

[10:28] {Les} k

[10:29] {Threei} DRIV...

[10:29] {dino} wow clw

[10:29] {dino} jst too

[10:30] {Threei} nah, never mind DRIV

[10:33] {Threei} Preview: Jan US Vehicle Sales numbers expected throughout the day from major auto makers

[10:33] {Threei} **consensus estimates y/y:

[10:33] {Threei} (Adj for fewer selling days) (Unadjusted)

[10:33] {Threei} - Ford (Noon ET): +44% +33%

[10:33] {Threei} - GM (1:45pmET): +18% +9%

[10:33] {Threei} - Chrysler: +15% +6%

[10:33] {Threei} - Toyota: -5% -12%

[10:33] {Threei} - Honda: +11% +3%

[10:33] {Threei} - Nissan: +23% +14%

[10:37] {Threei} Short Setup: X .90 break

[10:37] {Threei} if stays under 48

[10:38] {Threei} Long Setup: QID .85 break

[10:39] {Threei} X 1:1, cover half

[10:39] {Threei} can do more

[10:39] {Les} rats. all out. ty

[10:39] {Threei} no worry

[10:39] {Threei} volatility is big, can as well stay safe and take profit

[10:39] {Threei} personal choice

[10:40] {Threei} 1:2, 1/4 more cover

[10:40] {Threei} out in full

[10:40] {Threei} +.28

[10:41] {larisa} gj

[10:41] {Threei} out in fullty

[10:41] {Threei} QID 1:1

[10:43] {Threei} out QID

[10:44] {Threei} my working assumption at this point is, one more atempot at the highs and then selling

[10:45] {ese} l holx .50

[10:46] {ese} maybe should have waited for .51 but i'll give it a shot....were in that mode today

[10:46] {Threei} Technical Analysts at UBS see makets moving towards an oversold bounce; Advocate buying Gold

[10:46] {Threei} - See most short-term momentum signals pointing to an oversold bounce

[10:46] {Threei} - Maintain expectation that upward move is seen in first half of Feb

[10:46] {Threei} - See limit to short term pop as 1120

[10:46] {Threei} - Medium term view is that current downard trend is the first leg of major tactical correction

[10:46] {Threei} - Medium term low indicator remains 1040

[10:48] {Threei} wtg ese

[10:48] {Threei} right before ewxplosion

[10:49] {ese} tks

[10:49] {Les} what, you say they're selling that advise just before explosion?

[10:49] {ese} out holx .61 +.11 4k of it ....clasic from the scalp trading video

[10:50] {Threei} Les?

[10:50] {Les} UBS

[10:50] {Les} you said "right before explosion"

[10:50] {Threei} I commented on ese's entry

[10:50] {Les} ah ok

[10:51] {Threei} ese, look dcc please

[10:51] {ese} missed ivan though

[10:52] {nemo} gld interesting formation

[10:56] {Les} ACOR wants to b/o at some point

[10:57] {nemo} fcx db

[10:59] {nemo} may be inverse H&S forming on RIMM

[11:01] {Threei} GLD looks breakdownish to me

[11:01] {Threei} (again)

[11:02] {nemo} support pretty close though

[11:04] {ese} L cien .18 sorry was dcc with vad forgot to post

[11:04] {fernp} MPEL, Vad. Any read?

[11:05] {ese} git

[11:07] {Threei} not really fern

[11:10] {dino} risky, sm neu ave .70 l

[11:10] {Les} l acor .76 small shares. stop .69

[11:13] {Les} MNKD .30 b/d

[11:13] {ese} my quotes have stopped ....whats goin on with cien

[11:13] {Les} s mnkd .29 stop .45

[11:14] {Threei} 13.15 x .16 CIEN

[11:14] {ese} tks

[11:15] {ese} ok back tks

[11:19] {ese} another nice move holx

[11:19] {Threei} so far working scenario is working

[11:19] {nemo} coma

[11:20] {Threei} slow slide

[11:20] {nemo} market going sideways

[11:21] {Les} ah this must be the art of tao is it?

[11:21] {nemo} cat looking short, but probably on a pullback to .18

[11:21] {Les} debating who is right?

[11:21] {nemo} crissakes

[11:21] {nemo} I

[11:21] {nemo} I'm just looking at Qs and spy

[11:22] {ese} L itmn .02

[11:25] {Threei} don't see anyone debating anyhting

[11:26] {Threei} and exchange definitely has absolutely nothing to do what tao

[11:26] {Les} never mind. looked funny in my head

[11:26] {Les} a monty python thing

[11:26] {ese} out itmn .02 -.10

[11:27] {ese} that'll teach me.....i missed my exit when i typed in my entry

[11:27] {Threei} FCX short candidate

[11:27] {Threei} watching for setup

[11:30] {nemo} support so close at .90 oy

[11:31] {Threei} no setup yet anyway

[11:31] {fernp} out MPEL +10

[11:31] {fernp} .

[11:33] {Threei} Long Setup: X .60 break if stays above .60

[11:33] {Threei} above .50

[11:34] {ese} L jaso .93

[11:37] {nemo} guess we should have reset .55 if above .45

[11:37] {Threei} rather .50 if above .40

[11:38] {Threei} this is routine, I just can't possibly type each in type

[11:38] {Les} yeh i bought in my head at .50 to see if minor correction on your setup would work

[11:38] {Threei} that's how it's supposed to work

[11:38] {Les} 50 and 200ma sitting .45

[11:38] {Threei} cathcing the bottom of pullback

[11:39] {nemo} yeah, vad...I just ha a brainfart watching fcx too

[11:40] {Les} yeh modified your setups before but don't want to finish red today so stayed out

[11:40] {Les} acor popped. out +.10

[11:41] {Les} ACOR aiming for hod

[11:43] {Threei} (CH) IMF Chief Economist: CNY appreciation is not a panacea for the US or the world economy

[11:43] {Threei} - CNY appreciation makes sense in the reallocation of resources and preventing China's economy from overheating.

[11:46] {Threei} Long Setup: ABT .25 if stays above .15

[11:46] {Les} RCL doesn't wanna slow down

[11:51] {ese} aucccchhhhh du miya!!!! cien with drive me around the bend

[11:51] {nemo} back towards sanity?

[11:52] {nemo} RIMM steady buying

[11:52] {ese} ya

[11:54] {Les} ACOR .10 b/o? back in a moment

[11:54] {Threei} I don't see ACXOR as breakout stock

[11:55] {Threei} it can bring you profits if you are in at lower levels, but breaks on it more likely to deliver a lot of turture

[12:00] {Threei} Short Setup: RIMM .90

[12:00] {Threei} Market Internals update at 12:00pmET

[12:00] {Threei} - NYSE volume 435M shares, about 1% below its three-month average; advancers lead decliners by 2.3:1.

[12:00] {Threei} - NASDAQ volume 1.09B shares, about 15% above its three-month average; advancers lead decliners by 1.2:1.

[12:00] {Threei} - VIX index -3.5% to just over 21.50

[12:00] {Threei} F Reports Jan US Vehicle Sales +24.6% y/y (unadjusted) v +33%e(unadjusted); to 116K units

[12:01] {Threei} market weakens

[12:01] {Threei} let's scratch ABT

[12:03] {nemo} amzn looks breaky

[12:03] {nemo} breaky down

[12:04] {nemo} wow...only a .20 range

[12:05] {Threei} Short Setup: RIMM 65 break

[12:06] {Threei} stop above .10

[12:06] {Threei} not a scalp for me

[12:13] {Threei} want to cover first partion around .80 -.85

[12:14] {Threei} portion too

[12:14] {nemo} I was in .04 took half at .91

[12:16] {dino} tx sm l .00

[12:16] {Threei} 1.5:1

[12:17] {Threei} covering half

[12:17] {dino} gj rimm and thx

[12:17] {Threei} :)

[12:17] {Threei} want to cover the rest under .70

[12:17] {Les} ty. taken mine so I can cook dinner. later

[12:17] {nemo} How's it feel to want?

[12:18] {nemo} 200 ma at .69 vad

[12:18] {nemo} stop at .90?

[12:19] {Threei} no, too early to trail it that far

[12:19] {nemo} where then?

[12:19] {Threei} b/e still

[12:19] {nemo} where'd I get in?

[12:19] {Threei} market attacks high,

[12:19] {Threei} RIMM is solidly below

[12:20] {Threei} so I am trying to turn it into bigger winner

[12:20] {Threei} no, not your entry

[12:20] {Threei} trigger rather

[12:20] {Threei} 65

[12:20] {nemo} ty...moth brain

[12:22] {nemo} increasing volume on green

[12:30] {nemo} lunchtime death by a 1000 cuts

[12:30] {Threei} dies already RIMM

[12:30] {Threei} -s

[12:31] {Threei} that was command, not a statement

[12:31] {nemo} understood

[12:32] {nemo} 200 now at .75

[12:36] {Threei} that's an ionteresting headline:

[12:36] {Threei} EGO Hearing upgraded to Buy at UBS (timing uncertain)

[12:38] {nemo} takig last here vwap and 200 right below

[12:40] {Les} GLD looks b/downish .40

[12:41] {dino} volker, senate testimony at 2:30 fwiw. bank issues

[12:41] {nemo} Buffalo Springfield

[12:42] {Threei} who is watching Lost return today?

[12:42] {nemo} never liked that show...like the brunette though

[12:43] {Threei} come on... the best one is I don't now how long

[12:43] {Threei} even though it makes one (gasp) think

[12:43] {Threei} is = in

[12:43] {nemo} I don' watch it

[12:43] {Threei} oh... maybe that's why you don't like it...

[12:43] {nemo} I've watched it

[12:44] {larisa} me waiting for DVD and no avertisement, so do not spoil it for me :)

[12:44] {nemo} use torrents

[12:44] {Threei} wow, you serious?

[12:44] {Threei} that's embodiment of patience

[12:44] {Threei} it will be what, 3-4 months till DVD?

[12:44] {larisa} this is how i watch it for 5 years :)

[12:45] {nemo} joy g could be interesting break of .85, stop a little big

[12:46] {Les} GS looking weak today

[12:46] {Threei} good thing you warned larisa... I could inadvertently say something material

[12:47] {larisa} you've been warned :)

[12:47] {Threei} no worry, I wouldn;t do that on purpose

[12:47] {Threei} I am capoable of many nasty things but not this

[12:48] {nemo} x testing bottom of range

[12:49] {Les} Vad, FLS 96 b/d?

[12:50] {Threei} not sure

[12:52] {Threei} DIE RIMM!!!!

[12:53] {Threei} or as magoo would have put it,

[12:53] {Threei} DIE RIMM, DIIIIEEEEEEEEEE!!!!

[12:53] {patience} where is magoosky?

[12:53] {nemo} MAGOO RIP

[12:54] {Threei} now, this is hit on world's economy:

[12:54] {Threei} Democratic Republic of Congo reportedly bans exports from 16 companies

[12:54] {nemo} their chief export was aids

[12:54] {Threei} NSANY Reports Jan US Nissan/Infinity Vehicle sales y/y: +22% v +14%e (unadjusted); to 65.5K units

[12:54] {Threei} crrrrap

[12:55] {larisa} what, missed X bottom again ? :)

[12:55] {Threei} they are not likely to be very yeilding in price haggle, are they

[12:55] {nemo} nope

[12:56] {larisa} lol

[12:56] {Threei} especially wioth Toyota fiasco

[12:56] {nemo} joyg .85 break, stop under .75

[12:56] {nemo} crap

[12:56] {Threei} with car change in a couple weeks, not really good situation

[12:56] {nemo} lunchtime still

[12:58] {Threei} wow ACOR

[12:59] {nemo} damn, shot right through

[13:00] {nemo} piss me off

[13:09] {dino} scanners solid red

[13:09] {Threei} look at BEAV

[13:09] {Threei} on daily

[13:09] {Threei} what a candle

[13:10] {Threei} slmost bear suppository

[13:11] {dino} seems areo, machinery, electrical are it today

[13:13] {Threei} vodka too

[13:13] {Threei} look CEDC

[13:14] {Threei} acor

[13:22] {Les} x getting closer to 47 b/d

[13:25] {Threei} try to guess a mark-up on movie theater popcorn

[13:27] {Threei} anyone?

[13:27] {Threei} Long Setup: TM 78 break

[13:28] {Threei} if stays above .85

[13:30] {Threei} not a scalp for me

[13:30] {ese} du du du du...........just kinda waitin on cien and jaso....du du du du

[13:31] {Threei} hmmm... why is it not rhymed?

[13:31] {Threei} tren tren tren tren, kinda waitin' on CIEN... tso tso tso, just the same on JASO

[13:32] {ese} vad BABY !!!!!!!!! just rockin

06[13:32] * Threei is kicking TM in the rear bumper

[13:32] {ese} call my agent will ya......we talk about talkin........

[13:32] {Threei} come on TM{ where is that unbridled acceleration of yours everyone speaks of

[13:33] {Threei} 1"1

[13:33] {Threei} 1:1

[13:33] {ese} am expecting the nemo comeback............now!......................now!

[13:33] {ese} hmmmmmmmmmm

[13:34] {Threei} he is deeply in CEDC products by now I suspect

[13:34] {ese} lol

[13:36] {ese} one fights the "pull the trigger" temptation right now...........arrrrrrrggggghhhhhhh......phew my left hand just grabbed my right in the nick of time phewwww

[13:36] {ese} am expecting the nemo comeback............now!......................now!

[13:37] {ese} i think his forehead is lying on top of his computer keyboard right now......comatose

[13:38] {Threei} just how many times I told him to put some stiroform at the point on chin meeting the desk

[13:38] {ese} do you think it would bring this board to life if i told them I have 30k of cien right now.....what do think?

[13:39] {nemo} I think your meds need adjusting

[13:39] {ese} have been accumulating for the best part of the day still avg price is .18

[13:40] {ese} rotflol........NEEEEEEEEEEMOOOOOOOO!

[13:41] {nemo} feels like strong rally coming

[13:41] {Threei} half out TM

[13:42] {Threei} wow, just in time

[13:42] {Threei} seond half b/e

[13:42] {Threei} second too

[13:43] {dino} oooommmeeeennnn

[13:43] {nemo} wtf dino?

[13:44] {ese} good timing vad

[13:44] {dino} :)

[13:47] {dino} partial out neu .58, +.88

[13:49] {Threei} wtg

[13:49] {dino} ty, took almost all day

[13:49] {dino} tough to get out of

[13:55] {ese} gotta go teach choir....see ya later.

[14:05] {Threei} Larisa

[14:05] {Threei} why o why you forbid me to ask who is on TV...

[14:07] {larisa} you can ask on tuesdays

[14:08] {Threei} what's today?

[14:08] {larisa} sunday

[14:09] {nemo} it's between monday and wednesday

[14:09] {Threei} OK... will wait two days

[14:09] {larisa} lol

[14:09] {nemo} and he runs this operation

[14:09] {Threei} who said one must understand calendar to trasde

[14:09] {Threei} or to be able to tell time

[14:15] {nemo} Gawd I'm bored

[14:16] {nemo} x creeping bck to that low

[14:16] {nemo} back

[14:18] {dino} zzzzzzzzzzz

[14:23] {dino} edci

[14:25] {Les} SLW another lod candidate

[14:26] {dino} amsc?

[14:27] {Threei} strong bounce candidate IMO

[14:27] {Threei} I'd just like one little pullback

[14:27] {nemo} which stock 3i

[14:27] {Threei} 14:26] {dino} amsc?

[14:28] {nemo} o.k. already extended a tad

[14:28] {dino} yes, beats, raises and drops

[14:28] {Threei} hedre is poullback

[14:28] {nemo} criminy

[14:28] {nemo} with your typing skills, can you imagine if you were in charge of launching missiles...oy

[14:28] {dino} crikey

[14:29] {dino} 36.25 thinking

[14:29] {nemo} X has also been kissing the 200 ma. could have a decent move if it moves through on volume

[14:29] {dino} .16ish was prior

[14:29] {Threei} also new order announced the day before

[14:30] {Threei} no idea what the heck with AMSC

[14:30] {nemo} be lucky to get that dino

[14:30] {dino} perhaps .50 trig

[14:31] {dino} giddy-up, in sm

[14:31] {Threei} I took .45 dino

[14:31] {dino} you dog

[14:31] {Threei} this is ridiculous

[14:31] {dino} see nemo at .52

[14:32] {nemo} what's ridiculous

[14:32] {dino} i guess if it missed it would be up

[14:32] {Threei} this selloff

[14:32] {dino} noa spike

[14:33] {Les} what selloff?

[14:33] {Threei} lol

[14:33] {nemo} go back in your coma les

[14:33] {dino} i expected a bit more

[14:34] {Les} :/

[14:37] {nemo} s cat .54 stop .62

[14:38] {Threei} (US) Treasury's Wolin urges for new clear rules for financial industry

[14:38] {Threei} - Says commercial banks should be separated from proprietary trading. Banks should not own hedge funds or private equity

[14:38] {Threei} - Says financial firms should pay for the additional costs they imposed on the financial system

[14:38] {Threei} - Cites speculation on oil, gas and equity securities as examples of restriction

[14:38] {Threei} - Suggests that limits on prop trading should apply to all banking firms but should not require existing firms to divest operations

[14:40] {nemo} stopped

[14:42] {dino} fcn to .40

[14:42] {nemo} frickin rinsed

[14:43] {dino} but never do they mention that fnm, fre was the cause by easing loan requirements

[14:44] {Threei} I totally don't get it

[14:44] {Threei} this is glass steagal

[14:44] {Threei} reinstate it and be dione with it

[14:44] {Threei} what's tyhe frikin problem

[14:45] {nemo} good operational solutions are always trumped by political solutions

[14:45] {Les} a scalp of F? .32 b/d?

[14:46] {Threei} could be, with market drop

[14:46] {Threei} need good drop to produce anything worthy though

[14:47] {Les} could be coming now

[14:47] {Les} q's testing 200 ma support

[14:57] {Threei} (IA) Iran President Ahmadinejad: Prepared to send enriched uranium overseas in exchange for 20% enriched fuel

[14:57] {Threei} - Offers to exchange three US hikers being held by Iran for Iranians held in US.

[15:00] {dino} uthr

[15:02] {dino} amsc stop is .19, back in 10

[15:03] {dino} fcn to .45

[15:10] {dino} tex to b/e

[15:12] {nemo} had a bit of a gap up in x

[15:15] {dino} this rally starting to feel like the '09 ones

[15:16] {dino} 4-7% drops, then march up

[15:16] {Threei} X pullback under .80 should be interesting for long entry for closing rally

[15:17] {nemo} I'm not used to seeing gap ups on 1 minute-should have jumped on it

[15:18] {Threei} what do you mean by gap?

[15:18] {Les} and what do you make of fcx Vad? has it got some juice to go higher into closing?

[15:19] {nemo} on my chart it shows a .05 jump between 3:10 and 3:11

[15:19] {Threei} I think so, yes

[15:19] {Threei} but need a pullback too

[15:19] {Threei} oh, I see what you mean

[15:19] {Threei} not sure what gives

[15:21] {Threei} .80 was it

[15:21] {dino} fcn to .54, zzzzzzzzzzzzzz

[15:22] {Threei} FCX, as close to .50 as possible

[15:22] {Les} ty. was about to ask

[15:24] {dino} out fcn +.43

[15:25] {dino} amsc stopped -.31

[15:26] {Threei} in .51

[15:26] {Les} .55

[15:32] {Threei} TM US govt is reportedly considering a civil penalty over accelerator recall (related CTS )

[15:32] {Threei} I like the idea... let's penalize them for all they've got, and GM ijs a king again

[15:33] {nemo} amzn going to drop, or another bull flag

[15:33] {Les} I can see Larry Summer's telling the TM CEO "you'll never sell cars in this country again!"

[15:36] {Threei} considering this avalanche of bad news, plus humiliating report for Jan... maybe eod fdrop in TM

[15:36] {Threei} .60 break could be worth trying

[15:37] {Threei} .75 invalidates it

[15:37] {ese} hey gents ...made it back for the closing

[15:37] {Threei} and whgat do you know: we are here

[15:38] {Threei} unpleasant surprise, I know

[15:38] {ese} out cien .40 +.22

[15:38] {Threei} wtg

[15:38] {Threei} 40K?

[15:38] {ese} 35k

[15:38] {dino} clw

[15:39] {ese} had the stop loss in so was too worried

[15:40] {ese} wasn't

[15:40] {dino} gj

[15:40] {ese} tks dino

[15:41] {Threei} oh come on already FCX!

[15:41] {Threei} I don't want a few cents scvalp

[15:41] {Les} come one the market. talking about dragging its behind on the ground

[15:42] {Les} come on

[15:43] {ese} thats a new one vad....scvalp.......perfect

[15:43] {Threei} lol

[15:43] {Threei} OK... out FCX

[15:43] {Les} ditto

[15:44] {nemo} followed the market eqkzaktly

[15:46] {Threei} GILD... if market rally continues, this thing goes easily to 50

[15:46] {Threei} well, not today of course

[15:49] {dino} tex stopped flat

[15:50] {dino} wow amsc, will watch it tom\orrow

[15:50] {Threei} quite something eh?

[15:51] {nemo} x finishing near the high

[15:52] {Threei} AA however looks rather pathetic

[15:52] {nemo} x could have quite run tomorrow

[15:53] {Threei} I'd say gap up tomorrow is all but guaranteed

[15:53] {Threei} barring some after makrte news

[15:53] {nemo} adp numbers tomorrow

[15:58] {nemo} spy closing with inverted H&S

[15:59] {Les} ooh yeh it's sleep time. c u's tomorrow

[15:59] {Threei} thank you all

[15:59] {Threei} have a good evening, see you tomorrow

[15:59] {nemo} cya

[15:59] {dino} gn all, gotta hop

[15:59] {dino} thx, good time

[16:00] {dino} decent close, 1103

Feb 01 2010

Decent day with a few scalps and couple bigger trades. One that got away because we refused to chase an entry was LVS that we missed at 16.05, only to see it proceeding to over 17 not giving another chance for entry.

Session Time: Mon Feb 01 00:00:01 2010

[08:18] {Les} I CAN'T STAND IT! Someone speak please!

[08:18] {Les} GM :)

[08:26] {Les} :(

[08:26] {Threei} Good morning Les

[08:27] {Les} Vad you've gotta open a European trading office as well. I can't wait until 3:30pm to start

[08:28] {Threei} let me think about it

[08:28] {Threei} ok, I thought about it

[08:28] {Threei} nah

[08:28] {Les} what, you're not prepared to work 16 hours a day? selfish...

[08:29] {Threei} not even 12

[08:29] {Threei} although with new project on hands, it's certainly not 8

[08:29] {Les} ?

[08:30] {Les} new project to share with us?

[08:30] {Les} that you care to share with us?

[08:30] {Threei} CNLG Announces Advance Orders for 280 Systems and Other Equipment Valued at over $1,900,000

[08:31] {Threei} working title "Tao Te Ching for Traders"

[08:31] {Les} ah a new book?

[08:31] {Threei} rather an electronic course

[08:32] {Threei} title pretty much descrobes what it is about

[08:32] {Les} never heard of him

[08:32] {Threei} whom?

[08:32] {Les} Tao Te Ching

[08:32] {Threei} it's not he

[08:34] {Les} ok. given it a wiki glance. this is what Nemo is teaching?

[08:35] {Threei} I don't know if teaching is what he is doing... rather, he is a scholar of this philosophy

[08:35] {Les} cool. Where is that lazy bum?

[08:36] {Threei} snowed in?

[08:36] {Les} some more?

[08:36] {Threei} wow CNLG

[08:36] {Threei} 1.9 mil, who would have thought it's hat much for it

[08:38] {Les} someone's making out like a bandit

[08:44] {Threei} haven't expected such reaction on this one

[08:44] {strider} whatcha lookin at?

[08:44] {Threei} size of order is quite miniscule

[08:44] {Threei} CNKG strider

[08:44] {strider} :)

[08:44] {Threei} 1.9 mil in new orders

[08:44] {Threei} CNLG

[08:48] {Les} hey strider

[08:49] {fernp} Good morning everybody

[08:49] {Threei} fern :)

[08:49] {Les} hola

[08:50] {fernp} FNF nice dbi on daily

[08:50] {fernp} hola Les

[08:51] {strider} morning les

[08:51] {strider} fern, vad:)

06[08:51] * Threei slaps nemo around a bit with a large alarm clock

[08:51] {Les} haha

[08:52] {nemo} insomnia

[08:52] {Les} good film

[08:52] {nemo} nodded off at dawn

06[08:52] * Threei slaps nemo around a bit with a large bag of sleeping pills

[08:55] {Les} speaking of films, found some motivational reinforcement from Ben Affleck, off all people:

[08:55] {strider} CNLG annual sales $1.5 million

[08:55] {Les} http://www.youtube.com/watch?v=zvICN8DNMpY

[08:55] {strider} just doubled the size of their business.

[08:56] {Threei} you sure it's 1.9 onj top on 1.5?

[08:56] {Threei} and not just 400K addition?

[08:57] {strider} no:)

[08:57] {strider} sold a little at .32

[08:58] {larisa} gm :)

[08:58] {Threei} larisa :)

[08:58] {Les} hi larisa

[08:58] {larisa} vad, les :)

[08:59] {Les} what widgets CNLG selling? any details?

[08:59] {strider} Conolog Corporation, together with its subsidiaries, engages in the design, manufacture, and distribution of small electronic, and electromagnetic components and subassemblies.

[08:59] {strider} They have subsidiaries:)

[09:00] {Threei} Euro vs US Dollar Dealer chatter circulating that ECB not concerned over recent weakness in Euro currency

[09:00] {Threei} - Dealers noting that the central bank might be concerned over possible spillover of Greek debt problems to other states

[09:01] {Threei} SDIX Selected Again to Produce Monoclonal Antibodies for SAIC-F to Advance Cancer Research

[09:01] {Threei} again?

[09:01] {Threei} lol

[09:05] {ese} good morning

[09:05] {Les} hey ese

[09:05] {Threei} ese :)

[09:05] {Les} head in one piece?

[09:05] {ese} hey les......countdown to Italy time

[09:06] {ese} yes much better

[09:06] {ese} morning vad

[09:07] {Les} CNLG looking for another run?

[09:08] {strider} stopped CNLG---fooled me.

[09:13] {Threei} WYNN Reportedly Jan Macau casino revenue +63.3% y/y - Portuguese media (related LVS MPEL MGM )

[09:13] {Threei} can make LVS a play

[09:18] {Les} Chinese investors have found an avenue for all that free money?

[09:23] {_moeberry} GM everyone

[09:23] {Threei} moe :)

[09:23] {strider} morning moe

[09:26] {lasertrev} morning

[09:26] {Threei} trev :)

[09:28] {i2romantis} gm all, happy hunting :)

[09:28] {Threei} i2r :)

[09:29] {Les} hi i2r

[09:29] {nemo} trev dcc

[09:31] {strider} X

[09:31] {Les} LVS

[09:32] {dino} gm

[09:32] {Threei} dino :)

[09:33] {Les} CNLG support .13

[09:35] {Les} CNLG returning to support. looking for short setup

[09:35] {dino} neu drops again

[09:36] {dino} esi too

[09:37] {fernp} WFC 29 break, Vad?

[09:37] {Threei} jusr looked at it :)

[09:37] {Threei} no

[09:38] {fernp} ok

[09:38] {Threei} unless market jumps sharply

[09:38] {Threei} dioesn't look to be in cards though

[09:38] {Threei} I am in oullback hunting mode rather

[09:39] {Threei} LVS, nexr leg down should be interesting for long entry

[09:40] {Threei} ok

[09:40] {Threei} close to entry,

[09:40] {Threei} most likely near .70,

[09:40] {Threei} watch WYNN for guidance

[09:43] {Threei} Long Setup: LVS .75 break if stays above .70

[09:45] {strider} ??

[09:45] {strider} wass above .75 when you called.

[09:46] {Threei} was .76

[09:46] {Threei} .77 was eaily available if you had it on the screen

[09:46] {fernp} WFC still around 29 and FAS breakin hod

[09:46] {Threei} it's a play now fern

[09:46] {Les} out 86 +.05 ty

[09:47] {fernp} ty

[09:47] {Threei} out LVS .90

[09:47] {strider} out .74 to .92

[09:47] {strider} :)

[09:48] {Threei} sheesh

[09:48] {Threei} so what was the problem???

[09:48] {strider} I was partialled in when you made the call....

[09:48] {strider} wanted some more, but didn't take it.

[09:48] {strider} I'm holding you responsible.

[09:49] {Threei} les, how did you get .81??

[09:49] {Threei} a bit too high

[09:49] {dino} esi sm l .00

[09:49] {Threei} (US) Preview: Jan ISM Manufacturing due out at 10:00ET

[09:49] {Threei} **consensus expectations:

[09:49] {Threei} - ISM Manufacturing: 55.5e v 55.9 prior

[09:49] {Les} I took a .80 break with .75 stop.

[09:49] {Threei} (US) Preview: Dec Construction Spending (m/m) due out at 10:00ET

[09:49] {Threei} **consensus expectation: -0.5%e v -0.6% prior

[09:50] {Threei} before the call ot after?

[09:50] {Les} seconds after. chose .80 break as WYNN was moving positively

[09:51] {Threei} ok... not sure about the logic of .75 - .80 setup when .70 - .75 was there and offered better price

[09:51] {Les} I was too late

[09:51] {Threei} BRK.b

[09:51] {Threei} what's up

[09:52] {nemo} fcx up 3 already

[09:53] {Threei} Long Setup: BRK.B .75 half lot

[09:54] {Threei} uf stays above .60

[09:54] {dino} snda gap filling

[09:56] {Threei} lol, hiSEEDt 1:1 before I typed stop

[09:57] {Threei} SEED

[09:57] {Threei} wghat's up there?

[09:57] {Threei} SEED Hearing renewed takeover chatter circulating

[09:57] {Threei} CBAK Strength attributed to chatter of a large battery supply contract

[09:58] {Threei} rumor mill is back to full speed

[10:00] {Threei} *(US) JAN ISM MANUFACTURING INDEX: 58.4 V 55.5E; PRICES PAID: 70.0 V 62.4E

[10:00] {Threei} *(US) DEC CONSTRUCTION SPENDING (M/M): -1.2% V -0.5%E

[10:00] {Threei} prior revised lower from -0.6% to -1.2%

[10:01] {Threei} Long Setup: LVS .05 if stays above .95

[10:02] {Threei} US) White House sees 2010 unemployment averaging 10.0% v 9.8% prior

[10:02] {fernp} FNF breakdown, Vad?

[10:03] {Threei} I think so

[10:03] {dino} cagc sm l .60

[10:03] {Threei} not likely to be fast though

[10:03] {fernp} yeah

[10:04] {i2romantis} MSFT

[10:06] {dino} cagc stop is .29 fwiw

[10:06] {dino} stopped

[10:08] {Threei} SBGI?

[10:08] {Threei} don't see anything fresh

[10:10] {dino} snda sm l .50

[10:10] {Threei} ir LTS for that matter

[10:10] {Threei} or

[10:10] {Threei} AMZN, what a selloff

[10:11] {Threei} thought of short on .40 breakdown but the stop was unbearably wide

[10:11] {larisa} 120.40?

[10:11] {Threei} no, 121

[10:11] {larisa} oh, scared me :)

[10:12] {Threei} lol

[10:13] {ese} L altr .75

[10:14] {Threei} .80 break should give you your spike to dump into ese

[10:15] {Threei} if you are looking for a scalp that is

[10:15] {ese} out altr .84

[10:15] {Threei} there you go

[10:15] {Threei} hpw did I know that

[10:15] {ese} +.09

[10:16] {ese} tks vad

[10:16] {Threei} AONE BofA/Merrill Lynch reiterates Underperform rating, price target $16

[10:17] {Threei} grrr

[10:17] {Threei} LVS is getting away

[10:17] {ese} whaaaaaa .83627 what the hell is that not quite .09

[10:17] {Threei} lol

[10:18] {Threei} you know what's happening ese?

[10:18] {Threei} your broker sells your order flow

[10:18] {ese} seems thats what you get when you do 4 or 5 k....never exact price

[10:18] {Threei} that's how they charge you smaller commissions,

[10:18] {Threei} making it up on the slippage

[10:19] {Threei} they get those 9 cents you wanted,

[10:19] {Threei} they give you lower fill,

[10:19] {Threei} pocket difference,

[10:19] {Threei} stealing much more than commissions from you

[10:19] {ese} ya .......that was 4k.....i'll take it

[10:19] {Threei} oldest trick in the book

[10:19] {dino} fsys

[10:19] {Threei} LVS... I am irritated

[10:22] {i2romantis} MSFT again

[10:23] {ese} L cien .95

[10:23] {ese} nice...caught that little spike

[10:24] {ese} get up there

[10:26] {ese} prediction....it'll hit13.10 for the cup part then make a little handle back to .05 and away we go

[10:26] {fernp} FAZ, Vad?

[10:26] {Threei} bounce hunt in order

[10:27] {Threei} by usual routine

[10:27] {ese} stop .94 cien

[10:30] {dino} omcl

[10:32] {ese} cup and handle prediction still intact....still lookin grimm though

[10:35] {ese} stopped

[10:35] {ese} .9345

[10:36] {ese} .?? whatever

[10:36] {Threei} there you go

[10:36] {ese} -.??

[10:36] {Threei} can't forgive myself for not nailing another entry on LVS

[10:38] {ese} stop was a little too tight for sure buy .95 stop .94 could have given it more wiggle room

[10:39] {ese} .90 would have been better

[10:40] {Les} early strength in WFC looking weak now

[10:41] {Les} l qid .23

[10:41] {fernp} EFX, Vad?

[10:41] {fernp} if breaks .30

[10:42] {Threei} doesn't feel right

[10:42] {fernp} ok ty

[10:47] {ese} dino ya there.....have ya had a gander at gci

[10:47] {ese} not quite dn 2.00 but it's got that look

[10:49] {ese} naaaaa forget it.....q missed

[10:50] {dino} hmm

[10:51] {dino} not bad report

[10:51] {ese} i wouldn't expect it to bounce......not with negative Q

[10:52] {ese} missed by almost .10

[10:53] {dino} showing .72 vs .64

[10:54] {ese} y/y ?

[10:54] {dino} homb

[10:55] {dino} pres. found dead

[10:55] {dino} homb that is

[10:55] {Les} averaging in qid .31

[10:55] {Les} out qid .35

[10:55] {dino} scanners going all red

[10:56] {ese} yup

[10:58] {strider} IDXX

[10:59] {Threei} IDXX is a bounce candidate

[10:59] {dino} jst

[11:00] {ese} and a good Q as well vad

[11:02] {Threei} looks getting ready

[11:04] {Les} BAC .23 b/d?

[11:04] {Threei} way too narrow these days

[11:05] {Les} I just wanna catch it if it fails 200 ma support

[11:05] {Threei} AMZN... Larisa, 120.40 was an entry as well {G}

[11:05] {Threei} anyone went for IDXX?

[11:06] {nemo} I just got back, what was the call

[11:06] {strider} looks too perfect, IDXX

[11:06] {Threei} no exact call, not really a stock I can do more with than general idea

[11:06] {Threei} it's a dino-type

[11:06] {nemo} oh, I didn't see anything

[11:06] {fernp} EFX didn't fall with SPY

[11:06] {dino} sm l gci .30

[11:07] {Threei} I like it much more now fern

[11:07] {fernp} yeah i will try .30 break

[11:08] {dino} homb sm l .05 stop .79

[11:08] {dino} gci stop is .08

[11:15] {Threei} Short Setup: BRK.B .50 break half lot

[11:15] {Threei} if stays under .65

[11:16] {Threei} not a scalp for me

[11:20] {Threei} invalidated

[11:21] {dino} rino

[11:21] {nemo} gld quite a snap back today

[11:23] {Threei} BRK.B valid again

[11:25] {Threei} and not again

[11:26] {Threei} Long Setup: BC 11 break

[11:26] {fernp} .90 stop?

[11:26] {Threei} .95 for extreme scalpers but I'd go with .90

[11:27] {fernp} 1:1 EFX

[11:32] {Les} brk b

[11:33] {Threei} so far, this looks like just a little bounce in the markets, with downward continuation when it's overf

[11:33] {Threei} I mean a daily chart

[11:35] {Threei} nice drop BRK.B

[11:36] {dino} out homb .82 ave, +.77

[11:36] {Threei} wtg

[11:36] {dino} ty, started off rough

[11:39] {fernp} BAC .41

[11:39] {fernp} stop under .35

[11:41] {Threei} Short Setup: ERJ .15 break

[11:42] {Threei} if stays under .25

[11:42] {nemo} great, a dino stock

[11:42] {Threei} 1 cvent spreadZ?

[11:43] {Threei} when did you see dino playing that?

[11:43] {nemo} I have, I'm talking volume

[11:43] {nemo} anyway, look at mos an fcx

[11:44] {Threei} AMZN new leg down is coming it seems

[11:45] {nemo} 114.72 is pivot support

[11:45] {nemo} and, just below .40 I have a support line drawn in for some reason

[11:46] {ese} nothing wants to go anywhere........at least on my scanned stocks

[11:48] {Threei} here comes AMZN

[11:48] {dino} out gci .70, +.40, thx for heads up on it es

[11:49] {ese} nice dino......i stopped following it....wrongly as it apears

[11:50] {ese} nice bounce off 14 basically

[11:50] {ese} am hunting cien around 13

[11:50] {nemo} amzn should bounce at .72

[11:56] {fernp} MSFT .20 break, Vad?

[11:56] {fernp} if qqqq bounces

[11:56] {nemo} joyg, looks short below .80 stop .90

[11:57] {Threei} if holding .15

[11:57] {fernp} ok

[11:57] {Threei} don't want to give it room to .10 really

[11:58] {nemo} amzn amazing

[11:58] {fernp} that was my original stop. Under .10

[11:58] {Les} brk b

[11:58] {Threei} this C&H it's building doesdn't have right volume configuration fern

[11:58] {Threei} so I am skeptical

[11:58] {fernp} ok

[11:59] {nemo} 1/2 out joyg ..70

[11:59] {nemo} 1/4 more . 60

[12:00] {nemo} stop to b/e

[12:00] {Threei} wtg

[12:00] {nemo} yeah...considering how fractured my concentration is today

[12:00] {nemo} ty

[12:01] {Threei} Market Internals update at 12:00pmET

[12:01] {Threei} - NYSE volume 395M shares, about 10% below its three-month average; advancers lead decliners by 2.7:1.

[12:01] {Threei} - NASDAQ volume 1.01B shares, about 10% above its three-month average; advancers lead decliners by 1.2:1.

[12:01] {Threei} - VIX index -7% to just under 23.00

[12:02] {strider} vad, you stopping ERJ above ..25?

[12:03] {nemo} stopped last joyg

[12:03] {nemo} damn, dropped

[12:03] {nemo} bastid

[12:03] {Threei} yes strider

[12:06] {nemo} appointment trading at it's best -erj

[12:08] {nemo} mos coul e interesting, look at offer at .50, but it is lunch

[12:09] {Threei} RADA Receives $4.5M New Orders During January 2010

[12:09] {Les} jeezuz nemo, you perform vodoo magic on ERJ to get it to move that quickly?

[12:09] {nemo} shamanism

[12:09] {Threei} rain dance

[12:10] {Threei} nemo in tutu

[12:10] {Les} speaking of false idols

[12:10] {nemo} nahhh...that stuff is too modern...less effective

[12:10] {Threei} ese is dtumming

[12:10] {nemo} don't laugh, there's a charcoal drawing of me hanging in the Getty museum in California

[12:11] {Threei} lol... got whole 100 shares of RAD at .60

[12:11] {Threei} RADA

[12:11] {Threei} sll there was, next offer was .85

[12:11] {dino} neu

[12:11] {Threei} do I take my mind-boggling 25 bucks profit?

[12:12] {Les} hey I used to work one hour for such a sum of money!

[12:12] {Threei} yeah, but I am already out of burger-flipping age

[12:12] {Threei} stop under .50, offering 3.10

[12:13] {Les} lol

[12:14] {Threei} who is an imbecile selling into bid with 30 cents spread, I want to know

[12:14] {nemo} Les???

[12:14] {Threei} I can see trout being raised

[12:14] {dino} lol

06[12:15] * nemo unsnaps trout holster

[12:15] {strider} watch where you point that thing.

[12:15] {Threei} lol

[12:15] {Les} IT WASN'T ME!

[12:16] {strider} I think ERJ has the urge.

[12:16] {Threei} ERJ... held stop level with amazing precision

[12:16] {Threei} hard to tell what kind of odds it has to work

[12:16] {Threei} chart is right, but as nemo said... trades by appointment

[12:16] {nemo} lunch too

[12:20] {strider} CNLG:)

[12:21] {nemo} mos short, but, 200 ma at .10

[12:21] {Threei} you in strider?

[12:22] {strider} uh...no:(

[12:22] {strider} My rational mind overruled the market.

[12:23] {nemo} cat

[12:23] {nemo} short if it fails .85 again

[12:24] {nemo} stays under .95

[12:24] {Threei} OPTT Awarded $380K of added funding for PowerBuoy's commissioning and in-ocean operation (update)

[12:24] {Threei} - Funding granted after successful deployment of Powerbuoy at Marine Corp base in Hawaii.

[12:24] {strider} charts are really sluggish today.

[12:25] {nemo} oh well on cat

[12:27] {Threei} not a suggestion of a play right now, but overall, OPTT is an intriguing one

[12:27] {nemo} cat establishing a range

[12:28] {strider} As all cats do.

[12:28] {Threei} and dropped quite nicely on daily

[12:28] {strider} Is it peeing on everything?

06[12:28] * nemo slaps strider around a bit with a large tiger trout

[12:28] {ese} ok heres one for you....if you are having chart problems...have been getting nothing but dashes on my charts for the last 45 min....turns out my computor time switched time zones and it wasn't synced up with the brokers time...go figure

[12:28] {nemo} musicians

[12:28] {ese} watch out for that one

[12:29] {nemo} That's alright...I got one for you

[12:29] {Les} bloody hell! what am I look at then?

[12:29] {nemo} You log in...the layout you have isn't quite there

[12:29] {Les} Yesterday?

[12:29] {ese} ya lost my sense of time....basically the worst thing that could happen

[12:29] {nemo} You go to reopen the layout, and the program crashes

[12:29] {nemo} and crashes

[12:29] {nemo} and crashes

[12:30] {fernp} took MSFT 1:1 here

[12:30] {dino} neu sm l .50 risky

[12:35] {Les} LVS approaching hod again.

[12:39] {ese} cien trading range .90 to.00 all morning bstop .01

[12:45] {Les} $ steady but $GOLD up nearly $25

[12:46] {Threei} looking at GLD daily, natural bounce off 105 support

[12:46] {ese} ok bought some at .00 2k

[12:46] {ese} cien

[12:50] {ese} l cien avg .013

[12:53] {Les} q's still flirting with resistance. a break would be nice

[12:55] {ese} ya

[12:57] {ese} me thinks i'm gonna hold my position in cien.....my senses still say up

[12:59] {ese} l acor.75

[12:59] {ese} it hit a bstop from3 days ago

[13:01] {ese} out acor .86

[13:01] {ese} +.11

[13:04] {dino} gj

[13:04] {dino} out neu .35, +.85

[13:04] {ese} gj as well

[13:05] {dino} thx

[13:14] {Threei} (US) White House Press Secretary Gibbs: jobs are now priority over deficit in the short term

[13:14] {Threei} now?

[13:14] {Threei} they weren't priority 6 months ago? or we got deficit under control so we can focus on jobs?

[13:14] {nemo} yeah, so they'll put the grandkids in more debt to pay for makework today

[13:15] {Threei} GLD

[13:15] {Les} yeh i think the smarter pundits understood the baloney headlines: Obama can't fix deficit and jobs at same time

[13:15] {Threei} pulling back into 108 support

[13:16] {Threei} - Chinese sanctions threat against US companies involved in the arms sales in Taiwan are not warranted

[13:16] {Threei} *** Reminder: On 01/29 Obama administration would notify the congress of proposed $6B sales of arms to Taiwan which would include helicopters and missile defense technology. On 01/30 it was reported that China would consider imposing sanctions on US firms that partake in arms sales to Taiwan

[13:18] {Threei} Long Setup: GLD .15 break

[13:18] {Threei} stop under 108

[13:20] {Threei} US) NY Atty General Cuomo scheduled to announce a domestic agreement on banking fees at approx 14:00ET

[13:20] {Threei} GE Exec: Seeking acquisitions in the smart grid segment; transmission division could seek to increase R&D spending (related ITRI GRID ACPW CPST FCEL PLUG BGC CHP CNP TLVT AIRN BCON )

[13:21] {Threei} (CH) IMF's Blanchard: China must raise domestic consumption

[13:22] {Threei} what a weird directive

[13:22] {nemo} yeah

[13:22] {Threei} "you guys start eating more!"

[13:22] {nemo} no, that would make food more expensive

[13:23] {Threei} ok... watch more TV?

[13:23] {nemo} o.k.

[13:23] {nemo} but that will make tv's more expensive

[13:23] {Threei} -China should allow for the CNY to appreciate and slow down external demand

[13:23] {nemo} whatever they consume does nothing for us

[13:24] {Threei} let's start tightening GLD

[13:24] {Threei} stop to .05

[13:24] {Threei} under .10 now

[13:25] {Threei} offer 1/2 at 1:1

[13:25] {Threei} scalpers just get out

[13:27] {Threei} offer seond half above .40

[13:28] {Les} ERJ 1:1

[13:28] {Threei} trail stop to under b/e only after .30 break and spike

[13:29] {Threei} yeah, took its sweet time

[13:29] {Threei} but finally worked

[13:34] {strider} Gone for awhile....might be back before the close. See ya.

[13:34] {nemo} wfc is gradually losing altitude down to support...look at 5 minute chart

[13:36] {nemo} you like x short vad?

[13:36] {nemo} .89 stop .97?

[13:36] {Threei} stop above 47

[13:36] {nemo} I figure the bb 13 period average

[13:37] {nemo} if it holds above that, not weak enough

[13:37] {Threei} yeah but it's a very weird place stop

[13:37] {nemo} who you talking too?

[13:37] {Threei} with 47 being so cvlose, no one will pay attention to .97 as having any importance

[13:37] {nemo} o.k., nobody takes me seriously

[13:38] {Les} SLW might fall through 50 ma support. .80 b/d with .90 stop?

[13:39] {Threei} late

[13:39] {Threei} but it's worth waiting for a bounce anyway

[13:39] {nemo} come on give me 1:1

[13:39] {Les} ok

[13:39] {Threei} nemo, see how .97 didn't hold but 47 did?

[13:39] {nemo} ype

[13:40] {nemo} yes, ty

[13:40] {Threei} formally, you are right,

[13:40] {nemo} market should listen to me though

[13:40] {Threei} that BB did create a resistance,

[13:40] {Threei} but when it's so close to even numbers

[13:40] {nemo} somewhere else it might be valid then

[13:40] {Threei} noone considers it real resistance

[13:41] {Threei} yes, look at it this way:

[13:41] {Threei} it's a bit of a jumpy stock anyway,

[13:41] {Threei} so you can't be this precise on it,

[13:41] {Threei} 2-3 cents pon it is kind of given slippage

[13:41] {Threei} now, even numbers create kind of reinforcement when they coincide with this kind of supoport or resistance

[13:42] {Threei} dictated by BBs

[13:42] {Threei} and when they are just 2-3 cents away, they will usually take prevalence

[13:42] {nemo} yes, so price level and bb create stronger support/resistance

[13:42] {Threei} simply because they are easier to perceive

[13:43] {Threei} BB or any other indicator, after all, does notthing but reflecvts certain patterns of perception

[13:43] {Threei} and it's much easier for us to pereceive 47 as resistance than 46.97

[13:44] {nemo} .90 creating quite the resistance I guess that period form 1 to 1:18 helps too

[13:44] {nemo} oh now we have an H&S

[13:45] {nemo} only .01 from 1:2 should I move the stop to .80

[13:46] {Les} wfc .76 b/d?

[13:47] {nemo} 1:2

[13:47] {nemo} sop is now .80

[13:47] {nemo} or,out

[13:47] {nemo} bastid

[13:47] {nemo} I'm probably going to regret not making the stop the BB ma

[13:51] {nemo} well, I guess I don't regret it

[13:55] {Threei} amazingly, GM still has the most market share in US

[13:55] {Threei} 19.8% vs Toyota 17+

[13:57] {Threei} ese, look dcc please

[13:57] {Les} s wfc .74

[14:02] {ese} gone for day....see ya tomorrow

[14:03] {i2romantis} take care ese

[14:03] {fernp} bye ese

[14:03] {Les} ciao

[14:06] {Threei} OPTT intrigues me

[14:09] {Les} nice breakout triangle forming on OPTT

[14:10] {Threei} look at daily also

[14:10] {Les} hmm support area

[14:11] {nemo} x is playing around support 200 ma and pivot support in the .60-.65 area

[14:13] {Les} wfc approaching lod b/d

[14:13] {Les} half out .58

[14:14] {i2romantis} gj les

[14:14] {Les} ta

[14:17] {Les} all out .60. FAS bounce time. I've the impression that market is being moved by financials...

[14:18] {nemo} or natural bounce from oversold

[14:18] {Threei} I'd say finnies and commodities

[14:18] {Les} yeh. I've screwed up BRK.B so I'll take the cash

[14:20] {nemo} amzn at vwap, breaks through on volume will probably go a bit, other wise, fading here might be good

[14:22] {Threei} OPTT honetly trying

[14:27] {Les} BAC might be good for a type 1 if FAS resumes downtrend. WFC needs consolidatoin

[14:34] {Threei} Market Internals update at 2:00pmET

[14:34] {Threei} - NYSE volume 560M shares, about 11% below its three-month average; advancers lead decliners by 3.7:1.

[14:34] {Threei} - NASDAQ volume 1.46B shares, about 9% above its three-month average; advancers lead decliners by 1.6:1.

[14:34] {Threei} - VIX index -7% to just under 23.00

[14:47] {dino} .

[14:48] {Threei} volume is about half of Friday's on SPY

[14:48] {nemo} low volume rally...not especially healthy

[14:48] {Threei} no

[14:49] {dino} snda out .95, +.45 all dayer

[14:49] {nemo} if we get "long covering" into the close, that will confirm

[14:49] {dino} only thing is nemo, that has been the pattern since spring

[14:49] {nemo} what?

[14:50] {dino} low vol. rally

[14:51] {fernp} gotta go. good day here. one stop and six 1:1 ty Vad for your patience with me :-)

[14:51] {dino} cya

[14:51] {Threei} take care fern, good job

[14:51] {fernp} good evening everybody. see you all tomorrow

[14:51] {nemo} not sure about that Dino...volumes were much bigger when everyone thought it was the end of the world, so I'm not sure that period isn't an anomoly

[14:51] {Threei} npot sure how my patience comes in play

[14:51] {Threei} but why not

[14:57] {nemo} fcx 3rd attempt at HOD

[14:57] {Threei} and a little C&H

[14:58] {nemo} not liking T&S though

[14:58] {Threei} why?

[14:58] {Threei} very fine T&S

[14:58] {Threei} green, red

[14:59] {nemo} I look away, silly me....I saw the orders all of a sudden come in at .15

[14:59] {Threei} almost no white

[14:59] {nemo} then you had a bunch at .14 but they dropped

[14:59] {nemo} somebody's playing games

[14:59] {Threei} I don't think you can get any meaningful information from T&S on FCX

[14:59] {nemo} well

[15:01] {nemo} I saw thousands of orders come in at .15

[15:02] {nemo} they dropped and the stock popped

[15:02] {nemo} then I saw 1000s come in at .14

[15:02] {nemo} they dropped without the buying

[15:02] {nemo} there was some gamesmanship right there...I don't understand it completely, but I saw it

[15:03] {nemo} then again, my perception can be a co-conspirator in deception :)

[15:16] {Threei} ok, let's see if we get selloff on the last hour

[15:17] {Threei} Short Setup: GLD .25 break if stays under .35

[15:18] {Threei} Short Setup: FCX .70

[15:18] {Threei} if stays under .85

[15:18] {nemo} when gold invalidated fcx invalidated

[15:18] {Threei} both are kind of "keep an eye on if invalidated by just little"

[15:18] {nemo} shoulda' actually gone long on the lead

[15:26] {Threei} spike

[15:26] {Threei} no selloff

[15:27] {nemo} figures, just the opposite of what we were looking for

[15:32] {patience} i'm thinking it is an 'up' week

[15:32] {nemo} Well, at least relief from oversold last week

[15:32] {nemo} Of course, with that budget Obama just sent up, we're talking QEII coming

[15:33] {larisa} lol, just saw that, vad thinks burger flippers make $25 per hour in US :)

[15:33] {nemo} minimum wage

[15:34] {larisa} right

[15:34] {Threei} do I?

[15:34] {larisa} you do :) just saw your comment at 12

[15:34] {nemo} yeah you were talking about taking your $25 profit on a stock

[15:34] {nemo} then Les said that's what it used to take him an hour of work to make

[15:34] {Threei} I meant for the day

[15:34] {larisa} oh

[15:34] {nemo} then you made a flippant comment about burger flippers

[15:36] {Threei} burger flippers shouldn't take it personal - I simply make flippant comments, and whoever happen to pass by at the moment finds himself on the other end of it

[15:36] {Les} egg on their face...

06[15:37] * strider slaps Threei around a bit with a large Big Mac

[15:37] {Les} hmmm bacon double cheese burger...

[15:37] {larisa} I started my engineering career in US with 26 per hour. Was happy with that :)

[15:37] {dino} burger on the face

[15:38] {Threei} fairly decent wage in Canada

[15:38] {Threei} wat, is it tpoo low for US?

[15:39] {larisa} it is on low end of professional career

[15:40] {larisa} LVS does not stop

[15:42] {dino} leap

[15:42] {Threei} can't believe we got 16.05 entry invalidated on LVS

[15:44] {larisa} AMZN bounced $5 of bottom. wild today

[15:44] {nemo} candidate for overnight lvs finishing near high?

[15:44] {Threei} nah

[15:44] {dino} sm s leap .74

[15:44] {nemo} why not?

[15:45] {Threei} what is it about the markert or this name that makes you think we get a gap tomorrow?

[15:45] {Threei} there is no late day news not digested by market yet,

[15:45] {nemo} finishing near the high on volume, so far

[15:46] {Threei} no 52 week highs that would hit a lot of eod scannerrs

[15:46] {nemo} market was way oversold, and probably is still oversold

[15:46] {Threei} the rest is 50/50

[15:46] {Threei} yes

[15:46] {Threei} how do you tell 1 day bounce from trend reversal that sustains for a few days?

[15:47] {nemo} I'll take that as rhetorical...proceed please

[15:47] {Threei} no, that's actual point of decision making

[15:47] {Threei} we have no indocation of either

[15:48] {Threei} thus counting on gap is a coin toss

[15:48] {Threei} 50/50

[15:48] {nemo} o.k.

[15:48] {Threei} what I want to see for a gap is something that will sure attract atention of the crowd coming home from dat job,

[15:48] {Threei} seeing something they want to own next morning

[15:49] {Threei} and submitting their "buy on open" orders

[15:49] {nemo} didn't wynn report revenues way up?

[15:49] {nemo} [09:13] {&Threei} WYNN Reportedly Jan Macau casino revenue +63.3% y/y - Portuguese media (related LVS MPEL MGM )

[15:50] {Threei} early morning news

[15:50] {Threei} [15:45] {Threei} there is no late day news not digested by market yet,

[15:50] {Threei} [15:45] {nemo} finishing near the high on volume, so far

[15:53] {nemo} like that

[15:57] {Les} ok. nighty night

[15:57] {Threei} thank you all

[15:57] {Threei} have a good evening, see you tomorrow

[15:57] {nemo} Lvs baby

[15:58] {dino} cov leap -.10

[15:59] {dino} nice finish, imo

[15:59] {larisa} bye all

[16:00] {dino} gn all, thx, decent day