Apr 21 2011

Not big but positive day, with practically empty second half, as market fell in coma ahead of a long weekend. Not the easiest week but no losing days.

Session Time: Thu Apr 21 00:00:00 2011
[08:31] {Threei}  (US) INITIAL JOBLESS CLAIMS: 403K V 390KE; CONTINUING CLAIMS: 3.695M V 3.675M
[08:53] {Threei}  (PO) Portugal Min Pereira: Expects aid package to be approved by May 16th by all EU members
[08:59] {_strident1} $SLW got a couple of upgrades from Cannacord Genuity and RBC capitalhttp://mibpaste.com/0ggjgK
[09:00] {Threei}  yeah... looks like setting up for a crash of serious proportions
[09:05] {RonS} gm...wow, BIIB moonshot
[09:05] {Threei}  Ron :)
[09:06] {dino} gm all
[09:06] {Threei}  dino :)
[09:07] {dino} teva
[09:07] {dino} sina
[09:10] {rambler} morning...
[09:11] {Threei}  rambler :)
[09:12] {Threei}  RIMM's weak
[09:13] {ese} gm
[09:13] {RonS} probably due to aapl iphone sales report
[09:16] {Threei}  ese :)
[09:16] {Threei}  well, it may come as a surprize to you... but I am watching SLW and RIMM for short entries
[09:17] {RonS} ...i am shocked there is gambling in this establishment...
[09:17] {ese} lol
[09:17] {dino} tzoo spike
[09:18] {ese} whats the report with iphone sales have to say ron
[09:22] {RonS} something like they sold 6.3 mil units in the quarter
[09:24] {RonS} hey dino...took teva l at .00
[09:25] {gen} gm all
[09:25] {Threei}  gen :)
[09:25] {gen} :)
[09:27] {tomg} gm all
[09:28] {Threei}  tom :)
[09:28] {ese} L tzoo .03
[09:28] {ese} 1/2
[09:29] {ese} nice took it out .49
[09:29] {ese} +.46
[09:31] {RonS} out teva +.89
[09:31] {jfjf64} mornin all
[09:31] {Threei}  jf :)
[09:31] {Threei}  RIMM, watching for bounce to short
[09:32] {Threei}  SLW, if goes above .70, break down if stays under .80
[09:32] {Threei}  yeah right
[09:32] {Threei}  [09:00] {Threei} yeah... looks like setting up for a crash of serious proportions
[09:32] {Threei}  OK, RIMM
[09:34] {Threei} Short Setup: RIMM  .90 break
[09:34] {Threei}  half lot
[09:34] {Threei}  if stays under .05
[09:34] {Threei}  invalidated
[09:34] {Threei}  lookingh for another entry
[09:34] {ese} TZOO is nuts
[09:35] {Threei}  they are usually in the last place you look
[09:35] {ese} +18.00
[09:35] {Threei}  SLW, bounce time
[09:35] {Threei}  too fast
[09:36] {Threei} Short Setup: RIMM  54.10 break
[09:37] {Threei}  no go
[09:37] {jfjf64} snapin candles
[09:38] {rambler} LVS bounce time...?
[09:38] {Threei} Short Setup: X  .60 break
[09:39] {Threei}  late..
[09:39] {Threei}  ok, valid again
[09:39] {Threei}  stop above .70
[09:39] {dino} amgn sm l .00
[09:40] {rambler} can't short X....
[09:41] {nemo} sucks being you
[09:41] {rambler} no kidding....
[09:41] {nemo} have a nice weekend on the boat
[09:42] {rambler} you mean nice summer....
[09:42] {nemo} I don't plan that far ahead...it's a long weekend starting today
[09:43] {jfjf64} dieeeeeeeeeeeeeeeeeeeeeeeeeeeee
[09:43] {jfjf64} x
[09:44] {jfjf64} not ya nemo
[09:44] {dino} out amgn .30, +.30
[09:44] {ese} speaking of that.....are the mrkts open tomorrow and monday
[09:44] {Threei}  no go
[09:44] {nemo} not tomorrow ese
[09:45] {rambler} Vad, you see lenin gaining ground in quebec......?
[09:45] {dino} monday yes
[09:45] {dino} open
[09:45] {Threei}  yeah
[09:45] {rambler} good place for him......
[09:45] {Threei}  lol
[09:45] {nemo} to frickin' close to me
[09:45] {nemo} too
[09:45] {rambler} you can have him....
[09:45] {Threei} Short Setup: SLW  .70 break
[09:46] {Threei}  X rinse
[09:46] {dino} panl sm s .10
[09:46] {jfjf64} oh boy
[09:47] {Threei}  SLW, change to .75
[09:47] {Threei}  aggressive
[09:47] {Threei}  to .80, if stays under .90
[09:48] {jfjf64} ya sound angry
[09:48] {jfjf64} lol
[09:48] {Threei}  hmm?
[09:48] {Threei}  just tracking entry
[09:48] {Threei}  invalidated
[09:49] {Threei}  JP) Another 6.3 magnitude earthquake hits main island of Honshu
[09:49] {Threei}  oh boy
[09:49] {dino} stop panl -.32
[09:49] {jfjf64} .80 slw
[09:49] {Threei} Short Setup: SLW  .85
[09:49] {dino} .22
[09:49] {Threei}  if stays under .95
[09:49] {jfjf64} k
[09:50] {Threei}  target .50
[09:50] {nemo} I tried to hit .88
[09:50] {Threei}  1:1
[09:51] {Threei}  stop .91
[09:51] {Threei}  X, that was so wrong of you
[09:52] {jfjf64} grrrrrrrrrrrrrrrrrrr
[09:53] {Threei}  scalpers win
[09:54] {Threei} Short Setup: RIMM  54 break
[09:54] {Threei}  stop above .10
[09:55] {dino} teva sm l .00
[09:55] {Threei}  1:1
[09:55] {Threei}  1:2
[09:55] {nemo} Philly Fed 6 min
[09:56] {Threei}  SLW... can I have second half back?
[09:56] {Threei}  and whole X? are there any mulligans?
[09:56] {rambler} I thought it might do that....
[09:56] {Threei}  SLW hits original target now, lol
[09:59] {Threei} Short Setup: FCX  .20 break
[10:00] {Threei}  stop above .30
[10:00] {nemo} philly fed 1 min
[10:00] {Threei}  1:1
[10:01] {Threei}  *(US) APR PHILADELPHIA FED:18.5 V 36.8E
[10:01] {nemo} bad number
[10:01] {Threei}  bad??
[10:01] {Threei}  this redefines bad
[10:01] {Threei}  *(US) FEB HOUSE PRICE INDEX M/M: -1.6% V -0.3%E
[10:01] {nemo} in tza .05
[10:02] {nemo} 1/2 out .16
[10:02] {Threei}  1:2
[10:02] {nemo} 1/4 more .26
[10:03] {jfjf64} slw
[10:03] {Threei}  1:3
[10:03] {nemo} stop BE
[10:03] {nemo} offer .26 tza, if it breaks get in
[10:04] {Threei} Long Setup:  SLW  .20 break
[10:05] {Threei}  if holding .10 from now on
[10:05] {Threei}  invalidated
[10:05] {dino} panl break ,75 sm s
[10:05] {dino} ok bstop .02
[10:07] {dino} to .45
[10:07] {dino} cov +.30
[10:08] {Threei}  SLW valid again but with twist - pullback under .20
[10:08] {Threei}  if doesn't pull back, just let it go
[10:09] {dino} cake sm l .15
[10:12] {ese} Lwbc .39
[10:13] {Threei} Short Setup: FC  .20 break
[10:13] {Threei}  if stays under .30
[10:13] {jfjf64} fc
[10:13] {Threei}  FCX
[10:14] {jfjf64} ahh
[10:14] {Threei}  two sided setup
[10:14] {Threei}  .30 break long
[10:15] {Threei}  no go
[10:15] {Threei}  SLW
[10:15] {Threei}  pulling back
[10:15] {nemo} that's a whipsaw
[10:15] {dino} teva to .98
[10:15] {ese} stopped wbc ,26 -,23
[10:16] {nemo} magoo3x?
[10:16] {Threei}  SLW, as planned
[10:16] {Threei}  .20 break long
[10:17] {Threei}  target .60
06[10:20] * Threei kicks SLW in the rear
[10:20] {Threei}  1:1
[10:21] {dino} amgn sm l .50
[10:21] {Threei}  1:2
[10:21] {Threei}  wow
[10:21] {Threei}  "idiotic tax cuts"
[10:22] {Threei}  stronng language for harvard professor
[10:22] {Threei}  stop b/e for the balance SLW
[10:22] {nemo} seller .50 amgn
[10:23] {rambler} what an A hole....
[10:25] {ese} L pcx.57
[10:26] {Threei}  done with last piece of SLW
[10:27] {rambler} almost 2:1 on that SLW trade Vad...ty
[10:28] {nemo} market should start dying out soon
[10:28] {Threei}  yw
[10:29] {rambler} SLW back to 42...
[10:30] {Threei}  not liking it for bounce this time
[10:31] {nemo} lower highs on SW
[10:32] {Threei}  yeah, I'd razther watch for consolidation and breakdown
[10:32] {Threei} Short Setup: SLW  42 break
[10:32] {nemo} market likely to consolidate and die
[10:32] {rambler} SPY bounce.....
[10:33] {dino} ctrp sm l .99
[10:33] {jfjf64} biib    dttop    die
[10:33] {jfjf64} ??
[10:33] {Threei}  can't tell BIIB
[10:33] {ese} pcx stop to break even ,57
[10:35] {dino} cake stop -.06
[10:36] {ese} out 1/2 .80 +.;23
[10:37] {nemo} damn missed
[10:37] {Threei}  1:1
[10:38] {Threei}  day becomes much brighter
[10:39] {Threei}  1:2
[10:40] {rambler} out SLW   almost 2:1  ...again.......
[10:41] {Threei}  :)
[10:41] {ese} nice one rambler
[10:42] {rambler} SLW has been good this morning...
[10:43] {ese} am gonna start calling you vad junior
[10:44] {rambler} long SLW 42.02
[10:44] {RonS} qcom looking short 3i?
[10:44] {dino} wtf cake
[10:44] {Threei}  only after bounce, IMO
[10:44] {Threei}  closer to 57
[10:46] {rambler} out SLW +.16
[10:46] {dino} tyc sm l .15 stop .98
[10:48] {rambler} I'm liking this scalping thing...
[10:48] {nemo} it's great when YOU'RE the indian
[10:48] {rambler} lol...
[10:48] {dino} out ctrp .30, +.31
[10:48] {ese} you in that or out fo cake dino
[10:49] {ese} of
[10:50] {dino} stopped -.06, then it ran ,45
[10:50] {ese} ya those are always a wtf
[10:50] {dino} indeed
[10:51] {patience} fcx seems happy today
[10:53] {rambler} here we are again....
[10:55] {dino} tyc to flat
[10:55] {ese} am working on a vad classic here.......pcx performing to perfection
[10:56] {ese} sell 1/2 for profit....let the other 1/2 run forever
[10:57] {dino} thinny, sm l msb .00
[10:57] {ese} retire tomorrow
[10:57] {rambler} what a bounce....
[10:57] {dino} gj es
[10:58] {ese} balance to .70
[10:58] {ese} tks
[10:59] {Threei}  SLW from under .20 again
[11:00] {Threei}  speaking of classics, everyone looked at yesterday's catch of the day?
[11:00] {RonS} yes
[11:00] {rambler} no but will
[11:00] {Threei}  you better
[11:00] {Threei}  tomorrow no one gets in the room without test
[11:01] {nemo} you mean the short with the rise into resistance with a 1:4 result?
[11:01] {dino} amgn stop -.27
[11:01] {Threei}  OK,,, you passed
[11:01] {nemo} never saw it
[11:01] {Threei}  thought so
[11:02] {Threei}  even more impressive then
[11:04] {rambler} don't think SLW coming back....
[11:05] {Threei}  .21 was it
[11:05] {Threei}  oh well
[11:05] {rambler} maybe later...
[11:06] {rambler} tell me the train story....
[11:07] {rambler} maybe sooner...
[11:07] {ese} now that was funny nemo
[11:08] {dino} amgn sm l .00
[11:08] {nemo} ;)
[11:12] {dino} tyc stop flat
[11:12] {dino} amgn stop -.27
[11:13] {nemo} 53.50 then 53.20 support dino
[11:14] {rambler} CREE close to DB....
[11:14] {dino} thx
[11:14] {Threei}  what do tou know
[11:14] {Threei}  SLW worked like charm
[11:14] {Threei}  again
[11:18] {rambler} whats your read on CREE Vad....?
[11:19] {Threei}  short... but I don't have good setup here
[11:21] {nemo} amgn bounced at .50
[11:24] {dino} amgn rinse
[11:25] {dino} last try sm l .00
[11:25] {nemo} market going to sleep for the weekend
[11:27] {Threei}  well, long weekend... not many want to carry big positions
[11:31] {dino} avav l .50
[11:39] {ese} am tellin ya........the Vadym graifer method of retiring early.....ya can't beat it...out PCX .10 +.53
[11:40] {rambler} nice one ese....
[11:41] {ese} tks
[11:42] {dino} wtg
[11:48] {dino} pos amgn off screen
[11:50] {RonS} whoda thunk that announcing a divvy would get you smacked
[11:50] {nemo} there you go, thinking again
[11:50] {dino} not i ron, not i
[11:50] {RonS} who, me?
[11:51] {nemo} no, your smart twin...
[11:51] {RonS} when i became disciple of 3i I stopped...
[11:52] {Threei}  my work on this planet is about done
[11:53] {Threei}  the culture of not thinking penetrates the skulls of formerly brain-active people
[11:53] {dino} teva stop -.02
[11:53] {rambler} POT drops...
[11:54] {nemo} I was hoping it got a bit higher, I wanted to short it
[11:54] {rambler} too slow...
[11:54] {rambler} I wasted time thinking....
[11:59] {dino} tyc l .25
[11:59] {Threei}  not only that rmabler,
[12:00] {Threei}  but you also overloaded with work perfectly useless brain cells
[12:01] {rambler} it's a problem I'm trying to deal with....
[12:01] {Threei}  start your every day with reading this room topic
[12:01] {ese} gotta go all....have a show in an hour and a 1/2....cya monday
[12:02] {Threei}  take care ese, have a great long weekend
[12:02] {RonS} cya ese
[12:02] {dino} cya es
[12:02] {rambler} cya ese...
[12:02] {ese} cya vad dino rambler
[12:02] {Threei}  then be on a lookout for any suspicious sign of brain activity
[12:02] {rambler} wow, REDF again today...
[12:02] {Threei}  there is eye spotting setups, and there is finger oushing buttow
[12:03] {Threei}  the rest is unneeded baggage
[12:03] {rambler} egzactly.....
[12:05] {dino} synt sm l .15
[12:08] {nemo} look where AMGN bounced
[12:09] {RonS} yep
[12:09] {RonS} or in swiss, yeap...
[12:11] {rambler} gotta run...great morning....thanks Vad....
[12:11] {rambler} cya all...
[12:12] {RonS} cya
[12:12] {Threei}  US Dollar v Russian Ruble (RU) Russia PM Putin has called for a summit to discuss the Rouble; volatility in the currency is causing discomfort-
[12:12] {Threei}  Reminder: on 4/20 Putin commented that he was aiming to make the ruble a regional reserve currency
[12:13] {Threei}  take care rambler
[12:13] {dino} cya rambler
[12:22] {Threei}  UBS FBI said to have taken four UBS operations workers into custody on Tuesday - press citing sources
[12:23] {Threei}  (US) US Attorney General Holder forms working group to examine fraud in energy markets- Focus will be on oil and gas prices.
[12:25] {RonS} amazing how often the US AG becomes the biggest criminal of their tenure
[12:25] {RonS} regardles of party
[12:26] {RonS} regardless
[12:26] {dino} never see investigation if oil dropping
[12:26] {dino} now if markets drop, you will see one
[12:28] {nemo} It's like the uptick rule, why don't we have a downtick rule
[12:29] {dino} politics
[12:30] {nemo} thanks Howard
[12:30] {dino} how about investigation into markets two year run up
[12:32] {dino} synt to .56
[12:33] {RonS} cyou 40.00 break long 3i, or too obvious?
[12:33] {jfjf64} im here
[12:33] {RonS} prob don't like the spread...
[12:33] {Threei}  yeah, a bit too thin
[12:34] {RonS} or the volume
[12:34] {Threei}  stop would have to be, ugh
[12:34] {RonS} or that it is not cya instead of cyou
[12:38] {nemo} feeding time in the nest
[12:41] {dino} out synt .56 ave, +.41
[12:42] {dino} tyc to.36
[12:45] {dino} out tyc +.11
[12:47] {Threei}  (JP) Magnitude 5.6 earthquake strikes off the coast of Honshu, Japan
[12:47] {Threei}  what the deuce
[12:47] {nemo} is that the second one today
[12:47] {Threei}  yes
[12:47] {Threei}  6.3 first
[12:48] {patience} nice pop in slw and gg
[12:50] {dino} godzilla awakens
[12:50] {nemo} which one was the turtle?
[12:51] {dino} dk
[12:51] {dino} hni l .11
[13:08] {Threei}  Blackrock Chief Investment Officer Rieder: May consider buying US treasuries if yields rise; not a guarantee that rates will go up following the Fed's purchase program end in June
[13:08] {Threei}  - Notes that the S&P outlook adjustment served as a wake up call, and Treasury will benefit as deficit plans come to the forefront that are credible
[13:08] {Threei}  - Forecasts 10 year yields in 2011 at 3.25-3.75%
[13:16] {dino} teva l .03
[13:18] {dino} hni stopped -.15
[13:19] {nemo} damn, looked one minute too late on BIIB
[13:38] {Threei}  lol, why do I have CYOU on the screen still
[13:39] {Threei}  Ron, it's your fault
[13:41] {RonS} take out that 70k offer at .06 teva dino
[13:43] {RonS} gj
[13:44] {RonS} big hidden offer at .10
[13:45] {dino}  yes
[13:46] {RonS} wow, showing 300k offer at .14
[13:49] {dino} a lot of sellers
[13:49] {RonS} no kidding, woulda thought the big guys would get 'er done and split for the weekend by now
[13:51] {RonS} oil futes tapping 112
[13:55] {RonS} slv hod
[13:57] {RonS} oil blasted through 112...now 112.25
[14:02] {dino} synt sm l .25
[14:10] {RonS} teva just issued statement...too long to post but says studies cannot be compared
[14:13] {dino} thx, see it
[14:13] {RonS} seems no offers being cancelled
[14:42] {Threei} Short Setup: SLW  .20 break
[14:57] {Threei}  market in total coma
[15:02] {dino}  yeah
[15:02] {davd} yes
[15:04] {RonS} pullin the plug early here...everyone have a nice weekend
[15:04] {Threei}  take care ron, have a great one
[15:06] {dino} take care ron
[15:07] {Threei}  a bit late dino... ron will read it on Monday
[15:10] {dino} lol
[15:28] {dino} out ava .56, +.06
[15:28] {dino} calloing it a week, take care all, happy easter
[15:29] {nemo} me too c u all Monday
[15:29] {dino} :)
[15:29] {Threei}  ok guys, let's al;l have a gerat long weekend
[15:29] {davd} thanks all of you too!
[15:29] {Threei}  see you all on Monday, rested and ready to kick some butt

Apr 20 2011

3 wins out of 6 trades but the size of wins greatly exceeded that of stops, so the day turned out profitable. Hate those big gap up days... but one of trades gave us Catch of the Day.


Today's trade is a very clean illustration of the known principle: Former support becomes new resistance. We will discuss in details why it happens in our upcoming workshop in Whistler Oct 1-3. Here is the development of the trade:
1. $108.20 is clear support for CAT, formed by a few tests earlier and broken at 10:36 EST.
2. After sharp dropover the next 2 minutes, bounce took CAT back into 108.20, which now is resistance level. It didn't hurt that volume decreased on that bounce.
3. As CAT danced for a min near 108.20 not being able to break it, we determined the structure for our play: 108.15 break as a short trigger with stop at 108.25
4. 1:5 risk/reward was reached at 107.65 (we have covered at 1:4).

[08:20] {nemo} call me crazy, but I'm very tempted to buy tza here                                          
[08:42] {Threei}  OK... you are crazy
[08:54] {nemo} ty
[08:57] {Threei}  always
[08:58] {dino} gm all
[08:58] {Threei}  dino :)
[09:02] {RonS} gm all...bears must be bumming...
[09:02] {Threei}  Ron :)
[09:02] {nemo} bears got BOHICA'd
[09:02] {Threei}  that is normal state for them over last cpuple years
[09:02] {Threei}  I'd think they feel quite uncomfortable on any day when they don't get burned
[09:04] {RonS} FCX...big gap up
[09:05] {nemo} Ron all you have to do is {type ticker here} big gap up
[09:05] {Threei}  hehe, just thought of remark "what isn't"
[09:06] {nemo} well, probably the $
[09:09] {RonS} CREE is the red-headed Indian...
[09:10] {Threei}  wow Ron
[09:10] {Threei}  you found one stock in red!
[09:10] {Threei}  fantastic detective work
[09:11] {rambler} morning.....
[09:11] {Threei}  rambler :)
[09:11] {Threei}  tom! welcome back
[09:12] {tomg} thanks Vad, Good morning everybody :)
[09:12] {RonS} ...suffering the horror of derision...now I know how charle sheen feels
[09:12] {Threei}  lol
[09:12] {RonS} and similar to him, just don't care
[09:12] {Threei}  but the question remains... are you WINNING??
[09:12] {RonS} lol
[09:14] {nemo} tza working
[09:17] {larisa} gm :)
[09:18] {Threei}  larisa :)
[09:18] {larisa} vad :)
[09:18] {larisa} wow market
[09:18] {Threei}  yeah
[09:19] {nemo} see what the eagles are up to
[09:22] {dino} should i go back to bed?
[09:22] {Threei}  quite possible, lol
[09:23] {Threei}  I will skip first few minutes... gotta see what shapes up
[09:23] {Threei}  I have strong suspicion this gap is going to be smacked hard at some point
[09:23] {Threei}  but timing will be a bitch
[09:24] {Threei}  so, want to be on a lookout for the signs, but not in a rush to jump in
[09:27] {Threei}  SLW gao looks less impressive than most
[09:29] {ese} gm
[09:29] {Threei}  ese :)
[09:29] {jfjf64} mornin all
[09:29] {Threei}  jf :)
[09:30] {Threei}  also RIMM
[09:30] {nemo} tza hit 1:1
[09:31] {dino} 12341, 2307, 1319 gaps
[09:31] {dino} 1324 too
[09:33] {Threei}  EUR/USD (GR) Vague chatter circulating that Greek debt could be restructured as soon as this weekend
[09:33] {gen} gm all
[09:34] {Threei}  gen :)
[09:34] {gen} :)
[09:34] {dino} out jdsu .40, +.30 yesterdays holdover
[09:34] {Threei} Short Setup: RIMM  .70 break
[09:34] {Threei}  stop is too obvious to mention
[09:35] {Threei}  and hit
[09:37] {Threei}  SLW
[09:37] {Threei}  watching for short into bounce
[09:37] {dino} cree sm s .05
[09:39] {Threei} Short Setup: SLW  .50 break
[09:40] {dino} cov cree .65, +.40
[09:41] {Threei}  wtg
[09:41] {dino} ty
[09:42] {dino} 07 all red
[09:43] {Threei}  (HU) Hungary Econ Min Matolcsy: To phase out all personal income tax rebates by 2013
[09:43] {Threei}  Obama: hey! no stealing ideas!
[09:43] {nemo} wow
[09:43] {nemo} look tza
[09:44] {nemo} call me crazy
[09:44] {Threei}  Molycorp Inc Ticks higher on circulation of interview with CEO by an industry blog yesterday- MCP CEO makes bullish comments about the long term outlook for rare earth industry.
[09:45] {nemo} there's another "duh"
[09:46] {Threei}  SLW stop to .56
[09:46] {Threei}  1 cent to 1:1
[09:46] {Threei}  didn't cover but limiting risk
[09:47] {Threei}  wow RIMM
[09:48] {Threei}  (GR) ECB's Orphanides: Greece debt restructuring would be harmful and unwise, speculation about Greek debt restructuring is damaging the eurozone
[09:48] {nemo} rising naz tide
[09:48] {Threei}  " harmful and unwise"... try inevitable?
[09:49] {dino} mos neg.
[09:49] {Threei}  SLW, if decides to work, not a scalp anymore
[09:50] {dino} the way i see greek and irish debt, restructure now or default and restucture.
[09:50] {Threei}  - There is absolutely no reason for concern about the sustainability of Greece's debt, notes that "all of Europe" is backing up Greece.
[09:50] {Threei}  - Confident that Greece will be able to get its fiscal house in order.
[09:50] {Threei}  - The trouble with the euro concerns poor government discipline, the currency itself has done what it was supposed to do.
[09:51] {Threei}  1:1, half out
[09:52] {Threei}  stop is still .56 but will trail to .51 when .40'slost
[09:52] {Threei}  which is now
[09:52] {dino} gj
[09:52] {Threei}  1:2
[09:52] {Threei}  1/4 more out
[09:52] {dino} all red
[09:53] {Threei}  1"3
[09:53] {dino} fast sm s .01
[09:53] {Threei}  done
[09:53] {Threei}  SLW, Old Faithful
[09:53] {Threei}  good thing I requalified it to "not a scalp"
[09:54] {Threei} Short Setup: X  .95
[09:54] {Threei}  if stays under .05
[09:58] {jfjf64} little battle
[09:58] {Threei}  not a scalp to me
[09:59] {dino} mos -1
[10:01] {Threei}  (US) MAR EXISTING HOME SALES: 5.1M V 5.00ME
[10:02] {Threei}  no go
[10:04] {nemo} X might be a short again around .25 vwap and resistance
[10:04] {dino} hod
[10:05] {nemo} alright .20 then
[10:05] {Threei} Short Setup: FCX  .60 break
[10:06] {Threei}  again... not a scalp
[10:06] {Threei}  .50 break is actual target, it's an aggressive entry
[10:06] {Threei}  grrr
[10:08] {nemo} FCX earnings today?
[10:08] {dino} y
[10:08] {RonS} yep and special divvy
[10:09] {nemo} how big the divy
[10:09] {Threei}  Freeport McMoran Copper & Gold Inc Reports Q1 $1.57 v $1.26e, R$5.71B v $5.3Be; Declares $0.50/share supplemental dividend- Guides FY11 production 3.9B lbs of copper, 1.6M ounces of gold, 73M lbs of molybdenum (prior 3.85B lbs of copper, 1.4M ounces of gold, 70M lbs of molybdenum on 20th Jan) - Guides FY11 CAPEX at $2.5B ($2.5B prior) - Guides FY11 Cash Flow $8.3B
[10:09] {RonS} think .50
[10:09] {dino} fast stopped -.28
[10:14] {Threei}  can't pinpoint confident play so far
[10:14] {Threei}  typical "big gap up" day
[10:15] {dino} yeah
[10:17] {nemo} spy premarket highs
[10:19] {nemo} IWM premarket high
[10:20] {nemo} DANG
[10:24] {dino} fast, last try sm s .27
[10:25] {Threei} Short Setup: FCX  .10 break
[10:25] {Threei}  stop above .20, target 53.80
[10:26] {ese} Lvmw .03
[10:26] {Threei}  no such luck
[10:27] {nemo} look at the $
[10:27] {ese} out 1/2 .24 +.21
[10:27] {RonS} gj
[10:28] {Threei}  disgusting display, really
[10:28] {ese} tks
[10:28] {Threei}  I no longer think Ben and Co should be fired
[10:28] {Threei}  I think they should be jailed
[10:28] {nemo} drawn and quartered
[10:28] {nemo} draught horses
[10:28] {nemo} make a wish
[10:29] {ese} out full.42 +.41
[10:29] {nemo} actually impaling would be nice
[10:29] {Threei}  this is no longer incompetence stuff, this is treason stuff
[10:29] {jfjf64} gj   ese
[10:29] {nemo} all to keep the banks and those interest rate swaps alive
[10:29] {ese} 1k/1k....
[10:29] {nemo} MHS short here?
[10:30] {Threei}  yes
[10:30] {Threei}  but you see how my shorts work today
[10:30] {Threei}  one out of four
[10:30] {nemo} I'll fade it then
[10:31] {nemo} both spy and IWM bumped up above premarket ranges and stopped Qs and DIA exceeded pre market ranges
[10:31] {Threei}  *DOE CRUDE: -2.3M V +1ME; GASOLINE: -1.69M V -1.5ME; DISTILLATE: -2.5M V +500KE; UTILIZATION: 82.5% V 82.3%E
[10:31] {nemo} oil over 1110
[10:32] {nemo} 110
[10:32] {nemo} and the Saudi's cut shipments by 800k a day last week
[10:32] {nemo} go figure
[10:35] {dino} w/friends like them...
[10:36] {RonS} AGU swinging around today dino
[10:36] {ese} so far they've avoided the riots that have plagued other muslim country's though
[10:36] {dino} thx ron
[10:37] {Threei}  by starting shooting at first signs of riots
[10:37] {RonS} kinda looks like mos chart
[10:37] {ese} i missed that did they do that
[10:37] {Threei}  yes
[10:37] {RonS} check that...they are moving together
[10:37] {Threei}  riots were planned on Fri, "day of rage"
[10:38] {nemo} crus
[10:38] {Threei}  first gathering started on Thu, and were immediately dispersed with a few killed
[10:38] {Threei}  riots fizzled out before began
[10:39] {nemo} kinda' thinking play crus 16 break w stop under .95
[10:40] {Threei}  CAT
[10:40] {Threei}  watch for short if bounces into .20
[10:40] {nemo} eating offers
[10:41] {Threei} Short Setup: CAT  .15 break
[10:42] {Threei}  if stays under .25
[10:43] {Threei}  1:1
[10:43] {Threei}  half out
[10:43] {Threei}  stop to .21
[10:45] {Threei}  1:2
[10:45] {Threei}  1/4 out
[10:45] {Threei}  stop to b/e
[10:45] {Threei}  last target is 1:4
[10:46] {Threei}  looking at 1 min CAT, first play today that I really like, very clean setup
[10:50] {Threei}  you all are asleep?
[10:51] {nemo} no...
[10:51] {nemo} just not seeing anything in particular
[10:51] {nemo} missed crus 1:1
[10:52] {jfjf64} me either
[10:53] {nemo} oil just keeps going, this has to slow things down soon
[10:55] {nemo} slw probably go nuts over 44
[11:01] {nemo} jeez, crude
[11:02] {nemo} slw forming nice resistance/support range
[11:06] {Threei}  TIVO
[11:06] {Threei}  TiVo Inc Receives mixed ruling in US appeals court case against Echostar- Tivo awarded affirmation of contempt on disablement provision, Echostart receives a new hearing on contempt in hearing provisions
[11:11] {dino} tdsc drop
[11:13] {Threei}  1:3, stop to .05
[11:19] {nemo} LVS long here VAD?
[11:19] {Threei}  not yet
[11:20] {Threei}  let it pull back once again,
[11:20] {Threei}  hold .80,
[11:20] {Threei}  then break resistance
[11:20] {Threei}  like now
[11:20] {Threei}  CAT baby
[11:20] {Threei}  1:4
[11:20] {Threei}  out
[11:20] {Threei}  whew
[11:21] {rambler} way to hang in there Vad....
[11:21] {Threei} Long Setup:  LVS  .90 break if holding .80
[11:21] {Threei}  that was the plan all along
[11:21] {nemo} nope
[11:21] {Threei}  10:45] {Threei} last target is 1:4
[11:22] {nemo} spy at vwap
[11:22] {RonS} meli red
[11:24] {nemo} dad back in the nest
[11:25] {nemo} both doing the feeding, only two chicks I think
[11:25] {dino} fast bstop to .01
[11:26] {RonS} missed my entry on tdsc by .01 now +.66
[11:27] {nemo} deer is back with goose
[11:27] {RonS} panl sm s .45
[11:29] {rambler} HSY drop
[11:29] {dino} stop? .71?
[11:30] {nemo} like LVS long here?
[11:30] {RonS} dino, yes
[11:30] {nemo} too late
[11:31] {dino} fast cov .01, +.26
[11:31] {RonS} panl stopped -.26
[11:32] {dino} pulp type
[11:35] {RonS} oil futes 111+
[11:35] {ese} L sm abv .03
[11:40] {nemo} tivo running
[11:44] {rambler} whats your read on HSY Vad....?
[11:44] {RonS} sweet?
[11:44] {Threei}  none really
[11:49] {RonS} sniped .20 outta tivo thanks nemo
[11:50] {dino} ocz drop
[11:51] {RonS} tivo went back in and got another .31
[11:51] {Threei}  nice scalping footwork
[11:52] {RonS} never done this in my life...
[11:52] {Threei}  learning process progresses successfully then
[11:52] {Threei}  momo play
[11:52] {RonS} w/ tivo takout...nothing less than $20/sh imo
[11:52] {Threei}  something very very different
[11:52] {RonS} takeout
[11:53] {Threei}  one doesn't play momo successfully without solid groundwork laid out by learning to trade "normal" markets
[11:53] {Threei}  whatever normal is
[11:54] {RonS} sounds like that's what Buddha said...:)
[12:05] {RonS} ha!...just read Tivo's statement of rulling:  succinctly...we got Dish by the goands and we're gonna squeeze 'em
[12:05] {RonS} gonads
[12:05] {nemo} 3i jr.
[12:06] {Threei}  hey, learning process is multisided
[12:10] {RonS} oil futes now 111.50
[12:12] {nemo} fcx heading towards db
[12:18] {dino} uri sm l .75
[12:18] {nemo} stop?
[12:19] {dino} lod
[12:25] {dino} to b/e
[12:26] {RonS} he should know...:  Putin Calls US Monetary Policy "Hooliganism"
[12:27] {Threei}  well... I must say, I can't really disagree with him there :)
[12:27] {Threei}  another matyter is, if US goverment is a hooligan, then Russian one is pure bandit
[12:28] {rambler} POT s .66
[12:28] {dino} avav sm l .55
[12:29] {nemo} Capitalism is where man exploits man, Communism is just the opposite
[12:29] {Threei}  yup :)
[12:29] {rambler} out POT +.15
[12:30] {Threei}  beauty
[12:30] {Threei}  clean setup
[12:30] {Threei}  easy money
[12:30] {Threei}  wtg
[12:30] {Threei}  what a difference couple months make eh?
[12:30] {rambler} tanks...
[12:30] {Threei}  where?
[12:30] {rambler} it's coming...
06[12:30] * Threei arms himself with anti-tank riffle
[12:31] {RonS} riffle...lol
[12:32] {dino} meli sm s .00 break
[12:32] {rambler} switching over to long woulda been a good idea....
[12:34] {nemo} dad's back
[12:35] {ese} abv stopped.81.......grrrrrrr good thing it was small shs
[12:36] {RonS} meli target dino?
[12:36] {dino} .60s
[12:36] {RonS} thinkin .68
[12:37] {dino} out uri flat
[12:37] {Threei}  TIVO
[12:38] {rambler} wow....
[12:38] {Threei}  and I weas mulling .60 break short, lol
[12:39] {dino} meli to .05
[12:39] {rambler} no more mulling.....
[12:48] {nemo} 133 seems important for spy
[12:50] {Threei}  (EU) EU's Juncker: Reiterates that Ireland, Greece and Portugal face very different problems- Monetary policy is best discussed in secret
[12:50] {Threei}  yes... why would anyone want to discuss openly something that concerns just about everyone
[13:11] {nemo} SLW
[13:14] {RonS} tivo 42 mil sh...lol
[13:15] {dino}  panl sm s .50
[13:17] {davd} gold red re gld
[13:17] {dino} avav to .59
[13:18] {Threei}  MON
[13:18] {Threei}  watching for bounce
[13:21] {dino} avav out
[13:24] {nemo} pot volume activity at 50 ma on 5 min
[13:26] {Threei}  DISH Network Corp Comments on recent Appeals court ruling; is disappointed on the affirmation of contempt and will seek a Supreme court review- Also looking to request an injunction during review
[13:27] {dino} cov meli .69, +.31
[13:28] {rambler} nice one dino...
[13:30] {dino} ty
[13:30] {dino} avav l .54
[13:31] {nemo} God bless ya'
[13:43] {nemo} MCP might be crawling out of the grass to break above .30
[13:49] {nemo} TIVO
[13:49] {RonS} up or down?
[13:49] {nemo} up
[13:50] {nemo} if you think they'll squeeze gonads, and look at MCP
[13:51] {nemo} see if it holds.30
[13:51] {nemo} actually .27-.28 looking at candles
[13:55] {nemo} ehhh, tivo looks short now
[13:57] {nemo} SIFY bid
[14:01] {ese} gotta go  cya ya tomorrow.......not participating much these days but am enjoying readin ya'll
[14:02] {RonS} cya ese
[14:02] {rambler} cya ese...
[14:03] {RonS} sify l .47 target .58
[14:03] {dino} cya es
[14:08] {RonS} out sify flat...don't like the price action
[14:11] {dino} uri sm l .26
[14:18] {RonS} took uri .33 to .48 thanks dino
[14:19] {RonS} ese size
[14:19] {dino} gj
[14:24] {nemo} tck break of .10?
[14:24] {nemo} long
[14:24] {nemo} indexes weakening though
[14:25] {Threei}  well, if it holds here
[14:25] {Threei}  and breaks with index bounce, it's a play
[14:33] {nemo} oil going through the roof and chk coughin' up a furball
[14:35] {Threei}  CHK Hearing recent weakness attributed to circulation of article highlighting potential fluid spillage event in Pennsylvania
[14:37] {Threei}  (US) Treasury's Wolin: Reiterates the US will not default; Congress knows it needs to raise the debt limit - CNBC interview- No need to respond to speculation about default because it will not happen
[14:38] {dino} why even have debt limit when they raise it every year
[14:38] {nemo} thinkd dang above .60 see high volume candle coupla'  minutes ago
[14:41] {rambler} ACAD L 2.12     stop 2.00
[14:49] {RonS} dang good nemo took .61 to .75  thanks
[14:53] {nemo} cool
[14:53] {RonS} god dang
[14:53] {nemo} yeah
[14:53] {nemo} thought it would have more in it
[14:53] {nemo} .20-.50 most likely
[14:57] {nemo} hit .49
[14:58] {nemo} interesting, MHS at open area
[15:02] {RonS} banged uri again .06 to .18  thanks dino
[15:02] {Threei}  Rom must be stopped
[15:03] {Threei}  he leaves no money in the market for the rest of us
[15:03] {RonS} glad you aren't taliking about me...
[15:03] {RonS} talking
[15:04] {Threei}  oh come on... surely you know better than take letters I type on faith
[15:04] {RonS} unusually aggressive today...don't know why
[15:04] {nemo} wife shut you off?
[15:04] {Threei}  if I type J, you look left and right of it and know it can be H or K with equal odds
[15:05] {nemo} not married? oh....
[15:05] {nemo} the sheep then?
[15:05] {RonS} lol
[15:05] {Threei}  janitor frowns
[15:05] {RonS} Daisy...
[15:07] {nemo} Dang DANG!!!
[15:08] {nemo} MHS bounce by 58
[15:14] {dino} uri to .48, panl to .39
[15:14] {dino} out uri +.32 ave
[15:20] {nemo} if MHS drops 58, just under .90 is next support, but we got a hammer here on high volume
[15:22] {dino} panl to .21
[15:23] {nemo} mhs might play ball if the indexes cooperate
[15:24] {nemo} stop under the hammer
[15:25] {nemo} official 1:1
[15:25] {nemo} want first partial at .14
[15:26] {dino} out slip .22, +.28
[15:26] {dino} tyc app lod
[15:27] {nemo} 1/2 .14
[15:27] {nemo} LVS
[15:29] {Threei} Short Setup: SLW  .45 break
[15:30] {Threei}  stop above .55
[15:33] {Threei}  1:1
[15:33] {Threei}  half out
[15:33] {Threei}  stop to .51
[15:35] {nemo} 1/4 more .25 MHS
[15:36] {Threei}  SLW, my dear baby
[15:36] {Threei}  1/4 more out .21
[15:37] {Threei}  stop to .41
[15:38] {Threei}  funny: 3 for 6, but all wins are bigger than stops, so the day is positive
[15:38] {nemo} my stop MHS is .10
[15:39] {nemo} mmhhhh strong resistance .40
[15:40] {nemo} took rest .38  done for day
[15:40] {nemo} looks like indices want the highs for the day
[15:41] {rambler} out SLW ....beauty Vad...ty
[15:41] {Threei}  nice finish to the day eh
[15:41] {rambler} you bet....
[15:41] {Threei}  will have a cool Catch of the Day for you yoo
[15:41] {Threei}  too
[15:42] {Threei}  stop to .35
[15:44] {Threei}  1:3
[15:44] {RonS} chk blood
[15:47] {Threei}  1:4
[15:48] {Threei}  out in full .99
[15:48] {Threei}  with this +.45 trade and with your kind permission, I will retreat to my castle till tomorrow
[15:48] {Threei}  thank you all, have a good evening
[15:48] {Threei}  see you in the morning
[15:48] {dino} gn vad
[15:49] {rambler} thanks Vad, cya all...

Apr 19 2011

Not 100% performance but nothing to sneeze at, with 10 wins out of 12 calls.

Session Time: Tue Apr 19 00:00:00 2011
[08:50] {davd} gm all
[08:50] {Threei}  (US) Treasury Sec Geithner: Prospects for improving the US fiscal situation are better, disagree with S&P's view as negative outlook for the US - CNBC interview
[08:50] {Threei}  morning davd
[08:51] {nemo} must be THE talking point for all government officials today...can't wait to hear what The Department Of Education has to say on it
[08:51] {davd} he disagrees that in 3 yrs if we dont fix the money supply we could have problems?
[08:51] {davd} actually - it is the dept of
[08:52] {davd} Sanitation that will have the most work
[08:52] {nemo} nice davd
[08:52] {davd} 1:1
[08:54] {Threei}  - Notes reforms are necessary to force the country to live within its means
[08:54] {Threei}  force the country?
[08:55] {Threei}  as if he was a good guy watching over bad children?
[08:56] {Threei}  - Current deficit level is unsustainable and need to be addressed
[08:56] {davd} he doesnt live within his means - has a tax free nanny
[08:56] {Threei}  so he agrees with all the points but not with conclusion
[08:57] {davd} he agrees to the point where he can discuss it, but stops at the point where we take action.
[09:01] {dino} gm all
[09:01] {Threei}  dino :)
[09:03] {dino} friday, us markets closed?
[09:04] {davd} yes closed
[09:04] {Threei}  yeah
[09:05] {rambler} morning...
[09:06] {Threei}  rambler :)
[09:10] {Threei}  REDF on a radar for possible breakout
[09:12] {Threei}  eagle has fish in the nest
[09:14] {nemo} gonna' short SLW ;)
[09:14] {Threei}  that's on a permanent radar :)
[09:19] {Threei}  (US) Treasury Sec Geithner: US will absolutely keep its "AAA" sovereign rating; A long term deficit reduction plan may be put in place before the 2012 presidential election - interviews
[09:19] {Threei}  - Notes that there is no way to make reforms without adjusting the tax code
[09:19] {Threei}  - Cannot see a risk where the US would lose its AAA rating
[09:19] {Threei}  "may be" eh
[09:19] {Threei}  there is absolutely no sense of urgency for these folks
[09:21] {ese} morning
[09:21] {Threei}  ese :)
[09:21] {Threei}  look dcc pls
[09:21] {RonS} gm....and f for that matter...
[09:22] {Threei}  ron :)
[09:22] {rambler} what is dcc Vad...?
[09:22] {Threei}  private messaging
[09:23] {rambler} yaha....
[09:23] {gen} gm all
[09:23] {Threei}  gen :)
[09:24] {gen} :)
[09:28] {larisa} gm :)
[09:29] {ese} L sina .20 100shs
[09:29] {Threei}  larisa :)
[09:30] {Threei}  I expect selling hitting after first weak spike
[09:30] {jfjf64} mornin all
[09:30] {ese} rats....was not fast enough to catch that spike to .99
[09:30] {Threei}  jf :)
[09:31] {Threei}  SLW on radar for short
[09:31] {Threei}  (big surprize)
[09:31] {nemo} GroundHog Day
[09:31] {ese} out .71
[09:31] {ese} +.51
[09:31] {Threei} Short Setup: SLW  .60 break
[09:32] {Threei}  if stays under .70
[09:32] {Threei}  invalidated
[09:32] {davd} good call nemo
[09:32] {nemo} Les coulda' made that call...
[09:34] {davd} lol
[09:34] {Threei} Short Setup: SLW  .90 break
[09:35] {Threei} Short Setup: X  .70 break
[09:35] {Threei}  X invalidated
[09:35] {Threei}  SLW is still in play
[09:36] {Threei}  resistance is obvious
[09:36] {Threei}  invalidated too
[09:36] {rambler} and futile....
[09:36] {nemo} rim shot ese...
[09:37] {Threei}  third setup SLW
[09:37] {dino} borg
[09:37] {nemo} 7 of 9
[09:37] {rambler} egzactly
[09:37] {Threei}  42
[09:38] {nemo} getting better rambler
[09:38] {nemo} eqzaktly
[09:38] {ese} ba dap bap!!!
[09:38] {Threei}  thought of .10 but it went too quick
[09:38] {ese} what for now.....
[09:38] {Threei}  cover half here
[09:38] {ese} speaking of Les........whats that man up too?
[09:39] {nemo} bad fill
[09:39] {ese} ahhhh
[09:39] {Threei}  stop to .05
[09:39] {Threei}  bid 1/4 more under .80
[09:40] {rambler} I win...
[09:40] {Threei}  not yet
[09:41] {Threei}  X
[09:41] {Threei}  double top
[09:41] {nemo} HOG short .49?
[09:41] {Threei}  now you do, rambler
[09:42] {Threei}  probably HOG
[09:42] {Threei}  X
[09:42] {Threei}  short here
[09:42] {Threei}  around .10
[09:42] {Threei}  stop above .20
[09:43] {Threei}  HOG beauty
[09:43] {nemo} wow, dropped big
[09:43] {nemo} yeah, needed to be in above .50
[09:43] {Threei}  half out X
[09:43] {nemo} hidden shares had no idea when it would drop
[09:43] {Threei}  stop to .11
[09:43] {nemo} wow, look at this shakeout HOG
[09:45] {dino} omc sm l .50
[09:45] {jfjf64} die  x
[09:45] {dino} paml sm l .00
[09:46] {dino} paml to flat
[09:47] {dino} panl
[09:47] {Threei}  X eventual target under .70
[09:47] {Threei}  bid 1/4 around .85
[09:48] {dino} out panl flat
[09:48] {Threei}  scalpers win again
[09:49] {Threei} Long Setup:  FCX  .80 break
[09:50] {Threei}  half out
[09:52] {Threei}  .75 stop
[09:53] {Threei}  is it a pure scalping day?
[09:53] {Threei}  frikin SLW short got away
[09:53] {rambler} working so far.....
[09:53] {dino} 07 all red
[09:55] {jfjf64} wow
[09:55] {jfjf64} slw
[09:55] {rambler} didn't you say something about selling after weak spike...?
[09:56] {Threei}  didn't have enough conviction for the sewcond short
[09:56] {rambler} TZA rocket.....
[09:57] {rambler} bounce time....?
[09:57] {nemo} yep
[09:57] {nemo} now, is it a superball or deadcat
[09:58] {Threei} Short Setup: X  .30 break
[09:59] {Threei}  invalidated
[10:00] {Threei}  RIMM
[10:00] {Threei}  bounce candidate
[10:00] {Threei} Short Setup: RIMM  .25
[10:00] {Threei}  grrr... late
[10:00] {nemo} short???
[10:00] {Threei}  see if pulls back for entry
[10:00] {nemo} look your call
[10:00] {Threei}  sorry, long
[10:01] {Threei}  OK, here it is again
[10:01] {Threei}  same setup
[10:01] {Threei}  in .26
[10:01] {Threei}  stop .15
[10:02] {nemo} market dropping
[10:02] {Threei}  1:1
[10:02] {Threei}  X got away
[10:03] {davd} gs red
[10:04] {Threei}  1:2
[10:04] {Threei}  finally something works for more than scalp
[10:04] {jfjf64} ya
[10:04] {jfjf64} tyu
[10:04] {Threei}  yw
[10:05] {Threei}  X
[10:05] {Threei}  bounced back into short trigger
[10:05] {Threei}  same setup
[10:05] {Threei}  .30 break short
[10:06] {Threei}  1:1
[10:07] {nemo} SLW bounce?
[10:07] {Threei}  not sure
[10:07] {nemo} had been thinking .31
[10:08] {Threei}  well... yes
[10:08] {Threei}  lol
[10:08] {nemo} scalp, anyway
[10:08] {Threei}  most everything is
[10:09] {Threei}  out of 5 tyrades, only one was good for more
[10:09] {Threei}  total opposite to yesterday where every trade worked for 1:3
[10:09] {nemo} yeah, I'll take scalps over losers anyday
[10:10] {Threei} Long Setup:  CAT  .90 break half lot
[10:11] {Threei}  if stays above .80
[10:11] {nemo} HOG hanging
[10:11] {Threei}  invalidated
[10:12] {Threei} Long Setup:  LVS  .20 break
[10:12] {nemo} funny, I see a DT short
[10:13] {nemo} Gotta' go have a new Rorschach evaluation
[10:13] {Threei}  target 1:3
[10:13] {RonS} at your mental hospital?
[10:13] {nemo} They threw me out
[10:13] {RonS} lol
[10:13] {Threei}  said you were too crazy for them?
[10:14] {nemo} I was a bad influence on the other inmates..er...patients...er...clients, yah that's it , clients
[10:15] {dino} adtn sm l .50
[10:16] {nemo} YOKU incredible
[10:17] {Threei}  why did I stop watching CAT
[10:17] {nemo} ADHD
[10:18] {RonS} dino don't look panl
[10:18] {nemo} in dang .01
[10:18] {dino} ugh panl, rinsed and went 1+
[10:18] {nemo} 1/2 out .10
[10:18] {dino} you ride it ron?
[10:19] {Threei}  ok LVS, make up your mind finally
[10:19] {RonS} scalped 49.60 to 50.08
[10:20] {dino} gj
[10:21] {RonS} uh, no....
[10:21] {nemo} 1:1 LVS
[10:21] {Threei}  hmm?
[10:21] {nemo} [10:11] {nemo} funny, I see a DT short
[10:21] {Threei}  ahh
[10:21] {nemo} I pulled a Chaeron
[10:22] {nemo} out remainder DANG flat
[10:22] {Threei}  stopped
[10:22] {RonS} UA breakout
[10:22] {nemo} 1/4 more .01
[10:23] {nemo} frickin DANG
[10:23] {nemo} stop BE on last quarter LVS
[10:24] {nemo} paper cuts today, even though profitable
[10:25] {Threei}  that means you are the one doing papercuts, not suffering them
[10:25] {nemo} ehhh....tomato tomahhto
[10:26] {nemo} Dad bolted again
[10:27] {Threei} Short Setup: X  .40 break if stays under .50
[10:28] {Threei} Short Setup: X  .50 break if stays under .60
[10:29] {Threei} Short Setup: SLW  .80 break
[10:29] {ese} in
[10:30] {ese} .49
[10:30] {ese} X
[10:31] {Threei}  Research in Motion Ltd AT&T to block Blackberry users from teathering their phones to PlayBook tablet computer - Business Insider- Presently the only way to access email, calendars, or Blackberry Messenger on the PlayBook tablet is by tethering it to a BlackBerry handset. RIMM has said that later updates to the PlayBook system will remedy this situation.
[10:31] {Threei}  X is holding strangely well while market drops
[10:31] {Threei}  not liking it
[10:33] {Threei}  let's trail it to .56
[10:34] {Threei}  finally
[10:34] {davd} stld beats street re x and aks
[10:34] {Threei}  1:1
[10:34] {Threei}  SLW 1:1 too
[10:34] {ese} ok
[10:35] {Threei}  SLW 1:2
[10:35] {Threei}  whew
[10:35] {Threei}  life becomes much brighter
[10:37] {ese} 1/2 .42 +.07 stopped 1/2 .56-.07
[10:38] {ese} interesting experiment there for me
[10:39] {nemo} in tna .61
[10:40] {nemo} stopped .47
[10:41] {Threei}  RIMM...
[10:41] {Threei} Short Setup: RIMM  .90
[10:42] {Threei}  if stays under 54
[10:42] {Threei}  not a scalp
[10:43] {Threei}  looks like watefall candidate to me
[10:43] {dino} sm l lorl .80
[10:47] {Threei}  gie RIMM
[10:47] {Threei}  die too
[10:47] {Threei}  come on... 1 cent shy of 1:1??
[10:49] {Threei}  (US) Dept of Energy: High Oil and gasoline prices may negatively impact the US economic recovery
[10:49] {Threei}  no really?
[10:50] {dino} bal drop
[10:50] {Threei}  no go RIMM
[10:52] {nemo} mmhhhhh, MCP bounce in .00-.10 area?
[10:52] {Threei}  can't tell
[10:56] {RonS} adtn sm l .40
[10:57] {Threei}  (US) President Obama: Medium term assistance for high oil prices is still invest in more clear energy
[10:57] {Threei}  this must be a joke
[10:57] {nemo} this?  no he
[10:59] {dino}  omc stopped -.27
[11:07] {dino} lft drop
[11:09] {nemo}  chance this the bottom with a possibility of 25.54
[11:10] {dino} omc rinsed
[11:17] {Threei}  friking RIMM
[11:17] {Threei}  rined
[11:18] {RonS} lorl v sm l .00
[11:20] {dino} lol
[11:21] {ese} L stt .45
[11:23] {Threei}  SLW
[11:23] {Threei}  watching for bounce setup
[11:30] {Threei} Long Setup:  SLW  .10 break
[11:32] {davd} in slw .11
[11:34] {Threei}  1:1
[11:35] {Threei}  1:2
[11:35] {RonS} slw got .14 to .28 thanks 3i
[11:35] {Threei}  :)
[11:36] {Threei}  out in full .36
[11:36] {Threei}  too vertical
[11:36] {Threei}  if my math is right, it's 8 out of 10
[11:36] {ese} nice one vad ron
[11:37] {RonS} stt l .20
[11:37] {davd} gj 3i
[11:37] {Threei}  ty
[11:38] {dino} omc sm l .30
[11:48] {Threei}  REDF...
[12:02] {RonS} out stt -.10
[12:04] {jfjf64} im here
[12:05] {RonS} braggin or bitchen?
[12:06] {nemo} MCP 73
[12:06] {dino} bbbb spike
[12:06] {dino} 9 bucks
[12:07] {RonS} Blackboard Is Evaluating Offers, Strategic Alternatives To Enhance Shareholder Value       04/19 09:38 AM
[12:08] {RonS} nuts...cannot short
[12:09] {RonS} meli spike hod
[12:26] {rambler} SLV short...?
[12:26] {rambler} yup....
[12:26] {nemo} was just gonna say btu short
[12:31] {rambler} boat chores waiting, gotta run.....thanks Vad...good morning...
[12:31] {rambler} cya all....
[12:32] {nemo} ramble on
[12:32] {jfjf64} enjoy rambler
[12:32] {dino} cya rambler
[12:41] {dino} omc to .60
[12:42] {dino} out omc .60, +.30
[12:43] {nemo} mindnumbingly boring
[12:46] {dino} yeah
[12:48] {nemo} mmmhhhh QLIK 29 level
[12:50] {nemo} ese   Fanfare for the common man is on
[12:52] {RonS} i forget...is that ELP?
[12:52] {nemo} Aaron Copland
[12:52] {RonS} ah
[12:52] {nemo} They did a version of Rodeo
[12:53] {nemo} which was also by Copland
[12:53] {nemo} and of course, Mussorgsky's Pictures
[12:53] {nemo} which was originally for piano
[12:54] {nemo} my favorite of theirs was Karn Evil 9 1st Impression
[12:55] {nemo} so, is PWRD a long, or short?
[12:56] {nemo} 2 year greek notes 20%
[12:59] {nemo} it was a short
[13:06] {Threei}  (LB) Leaders in Rebel-held city of Misrata officially request foreign powers to help the city with ground troops - US financial press
[13:06] {Threei}  that'll be interesting
[13:10] {davd} i've on the fence as to whether support khadaffi or the rebels
[13:10] {Threei}  I am not
[13:11] {Threei}  let them sort out their differences and sdon't intrude
[13:11] {davd} right - same difference
[13:11] {Threei}  couple days ago there was a report on CNN:
[13:12] {Threei}  rebels got some weapons and ammunition, presumably from France although no exact source
[13:12] {Threei}  and left the town to try and retake some other place
[13:13] {Threei}  guess what distance they made before starting shooting in all directions, wasting all the ammunition and returning?
[13:13] {Threei}  seriously, name the number
[13:13] {nemo} 500,000 rounds
[13:14] {Threei}  distance?
[13:14] {RonS} 1/2 mile
[13:14] {Threei}  ok... anyone else?
[13:14] {nemo} 2 miles
[13:14] {Threei}  OK... right answer,
[13:14] {Threei}  and make sure you sit for this
[13:14] {Threei}  15 yards
[13:14] {nemo} and missed what?
[13:15] {Threei}  guy ionterviewing eyewitness on the ground couldn't believe it, and asked a few times
[13:15] {Threei}  literaslly, 15 yards?
[13:15] {Threei}  guy said, yes, literally
[13:16] {jfjf64} x   .70  break
[13:17] {dino} cpy sm l .32
[13:19] {nemo} slw .66?
[13:19] {nemo} .06
[13:19] {Threei}  I think so
[13:20] {nemo} love "definite maybe's"
[13:21] {RonS} typical girlfriend response to you nemo?
[13:27] {nemo} got bagged on the break
[13:28] {ese} L STT .00 AVG .21
[13:28] {jfjf64} 1/1  x
[13:28] {jfjf64} half out
[13:28] {jfjf64} can you say 53.00
[13:29] {nemo} stopped...
[13:32] {jfjf64} out
[13:41] {Threei}  (US) S&P: Adjustment in outlook for United States will not impact AAA rated US corporations
[13:41] {Threei}  - Standard & Poor's continues to view transfer and convertibilityrisk-the risk that the U.S. government would limit the ability of otherissuers to secure foreign exchange to make debt-service payments--as remote
[13:41] {Threei}  - Given the global business profile and the significant financial strength ofExxon Mobil, Johnson & Johnson, and Microsoft, our long-term rating outlookfor these U.S. domiciled corporate issuers remains stable. Standard & Poor'sother U.S.
[13:41] {Threei}  -domiciled 'AAA' rated issuer, ADP, although less diversified by product line and geographical business mix, continues to have high customerand end-market diversification
[13:46] {ese} Mr busy here.....am outta here cya tomorrow...am still stt
[13:46] {Threei}  take care ese
[13:46] {ese} cya vad
[13:46] {RonS} cya ese
[13:46] {ese} ron
[13:48] {dino} cya es
[13:52] {nemo} LVS just ahd a flush, might be to get the weak hands out
[13:53] {Threei}  look at REDF
[13:53] {Threei}  identified it as breakout candidate premarket... never followed through to find a play
[13:55] {nemo} SLW rinse
[13:58] {dino} jdsu sm l .10
[14:06] {Threei} Short Setup: SLW  .20 break
[14:11] {Threei}  let's change to agressive
[14:11] {Threei}  short right here, stop .35
[14:25] {Threei}  finally
[14:25] {Threei}  half out
[14:25] {nemo} I covered at .35
[14:25] {Threei}  it never broke?
[14:26] {nemo} you said stop .35
[14:26] {Threei}  sigh
[14:26] {Threei}  we treat round numbers as levels to breakj
[14:26] {Threei}  one time I skipped the full wording
[14:26] {nemo} .35 isn't a round number
[14:27] {dino} lol
[14:27] {Threei}  what am I doing here... see you Sept 1
[14:27] {nemo} .30....I'll give you that
[14:27] {Threei}  2016
[14:27] {dino} tzoo blood
[14:27] {nemo} that's round enough
[14:27] {RonS} did same fwiw...felt .35 break would have jumped to .38
[14:28] {nemo} seee!!!!!
[14:28] {Threei}  2019
[14:28] {nemo} we're all dead 2012...what's the difference
[14:28] {Threei}  2024
[14:28] {dino} 5s and 0s suck for stops imo, a penny more
[14:28] {Threei}  eqzaktly
[14:29] {nemo} yep, but I'm still blaming Vad...it's never my fault or responsibility
[14:29] {dino} ok obama
[14:29] {Threei}  I would be sorely disappointed otherwise
[14:29] {dino} why noit blame bush
[14:29] {nemo} PANL and Pot bounce zones
[14:29] {Threei}  lol
[14:30] {nemo} wow, secretarial spread on panl
[14:33] {nemo} How about tna .26 .14 STOP?
[14:33] {nemo} too late
[14:35] {nemo} need to give the janitor some editing work
[14:36] {nemo} apol coughin up the furball
[14:37] {Threei}  sigh
[14:37] {nemo} what?
[14:38] {dino} lol
[14:38] {nemo} somebody didn't get his nappy this afternoon
[14:39] {nemo} or ain't wearin' it...one or the other
[14:39] {RonS} that's what i was thinkin
[14:39] {nemo} yeah, excuse me, have to go change
[14:40] {nemo} damn waste bands chafe
[14:40] {RonS} rotflol
[14:40] {nemo} waist
[14:40] {nemo} quasi freudian
[14:41] {nemo} if you're into that sort of thing
[14:41] {RonS} too much
[14:42] {nemo} on a more serious note:  WSJ reporting 7% of Chinese foreign trade conducted in Yuan this year, up from .05% last year
[14:42] {nemo} Q1 over Q1
[14:44] {nemo} Wow BTU filling gap
[14:46] {nemo} sorry I missed that TNA entry
[14:56] {nemo} Rodeo by Copland is on now
[14:57] {nemo} Ron
[14:57] {RonS} ok
[14:57] {RonS} giddyup
[14:57] {nemo} bostonpete  under tha windowsmedia, website
[14:59] {davd} s bidu 149.12
[15:00] {RonS} wow, ballsy...
[15:00] {nemo} was thinking along that line, just not that vocabulary
[15:00] {davd} i've made a lot going long it... itll back up a little.
[15:03] {RonS} out adtn +.09...woofer...
[15:03] {RonS} out lorl +.10...tweeter...
[15:04] {dino} gtls spike
[15:06] {nemo} now we just need a cabinet, midrange, crossover, and terminals
[15:07] {nemo} and some meds
[15:07] {nemo} speaking of...
[15:09] {davd} s slw .55
[15:09] {dino} out lorl .01, +.21
[15:12] {nemo} what's your stop davd?
[15:14] {davd} stop on slw .65
[15:14] {davd} stop on bidu .85
[15:20] {Threei} Short Setup: REDF  11 break half lot
[15:21] {nemo} didn't catch that,
[15:21] {nemo} touched your 1:1
[15:22] {Threei}  no need to say, cover who gopt it
[15:23] {nemo} who got it?
[15:25] {Threei}  looks like have to stay awake to take those trades
[15:27] {nemo} pot
[15:32] {dino} adtn to flat, out cpy flat
[15:34] {nemo} interesting wicks on spy 1 min
[15:41] {Threei}  12 trades today, more active than most days lately
[15:45] {nemo} if it weren't so late .61 tna long
[15:46] {nemo} stop would have to be big too ..45...er .43
[15:46] {nemo} 1:1
[15:46] {nemo} figures
[15:51] {dino} out adtn flat
[15:52] {Threei}  OK guys, thank you all, have a great evening
[15:52] {Threei}  see you tomorrow
[15:54] {dino} cya vad

Apr 18 2011

Perfect performance on a very turbulent day with market being stunned by news. 7 calls, 7 wins. almost all are bigger than scalp. No complaints at all.



Session Time: Mon Apr 18 00:00:01 2011
[08:58] {dino} gm all
[09:01] {RonS} gm dino, everyone...
[09:01] {Threei}  Good morning dino, ron
[09:02] {Threei}  45% of households do not owe US income tax
[09:02] {Threei}  as in "paid in installements" or "never paid, never will"
[09:03] {Threei}  wow
[09:03] {Threei}  what just happened?
[09:04] {nemo} US ratings revised to negative by S&P
[09:04] {Threei}  joke?
[09:05] {nemo} no
[09:05] {Threei}  I don't see anything in news
[09:05] {Threei}  where is it?
[09:05] {Threei}  ahha, here it comes
[09:05] {Threei}  *(US) S&P US SOVEREIGN RATING OUTLOOK TO NEGATIVE
[09:05] {Threei}  Have Market Intel? TradeTheNews.com Tip Line -} Click Here
[09:06] {Threei}  I think this is the end of S&P
[09:07] {patience} good monday morning
[09:07] {Threei}  morning patience
[09:07] {nemo} nope
[09:07] {Threei}  really surprizing... never thought this would happen
[09:08] {Threei}  look at GLD
[09:09] {rambler} morning....
[09:09] {Threei}  rambler :)
[09:10] {Threei}  - S&P believes there is a material risk that US policymakers might not reach an agreement on how to address medium- and long-term budgetary challenges by 2013; if an agreement is not reached and meaningful implementation is not begun by then, this would in our view render the U.S. fiscal profile meaningfully weaker than that of peer 'AAA' sovereigns. Because the U.S. has, relative to its 'AAA' peers, what we consider to be very large budget deficits and rising government indebtedness and the path to addressing these is not clear to us, we have revised our outlook on the long-term rating to negative from stable.
[09:11] {nemo} and who is in the "AAA" group?
[09:11] {Threei}  lol
[09:12] {Threei}  bunch of delinquents, just the same
[09:12] {larisa} gm :)
[09:12] {Threei}  larisa :)
[09:12] {larisa} vad :)
[09:13] {Threei}  on a grand scheme of things htis is a good turn of events I suppose
[09:13] {Threei}  jolt delivered by rate changes will hopefully shake the idiots out of their complacency
[09:13] {nemo} bunch of assholes re-arranging deck chairs on the titanic
[09:14] {nemo} I don't think you're favorite first of the morning short will be a good idea today
[09:14] {nemo} Is it too early to stop drinking
[09:14] {nemo} ?
[09:14] {Threei}  we will see
[09:15] {Threei}  - If U.S. policymakers do agree on a fiscal consolidation strategy, we believe the experience of other countries highlights that implementation could take time. It could also generate significant political controversy, not just within Congress or between Congress and the Administration, but throughout the country. We therefore think that, assuming an agreement between Congress and the President, there is a reasonable chance that it would still take a number of years before the government reaches a fiscal position that stabilizes its debt burden.
[09:15] {Threei}  - In our baseline macroeconomic scenario of near 3% annual real growth, we expect the general government deficit to decline gradually but remain slightly higher than 6% of GDP in 2013. As a result, net general government debt would reach 84% of GDP by 2013. In our macroeconomic forecast's optimistic scenario (assuming near 4% annual real growth), the fiscal deficit would fall to 4.6% of GDP by 2013, but the U.S.'s net general government debt would still rise to almost 80% of GDP by 2013. In our pessimistic scenario (a mild, one-year double-dip recession in 2012), the deficit would be 9.1%, while net debt would surpass 90% by 2013. Even in our optimistic scenario, we believe the U.S.'s fiscal profile would be less robust than those of other 'AAA' rated sovereigns by 2013.
[09:17] {gen} gm all
[09:17] {Threei}  gen :)
[09:17] {gen} :)
[09:18] {nemo} Yoku was up $15 in 3 days, could be interesting short today
[09:18] {Threei}  RIMM is a weirdo
[09:19] {nemo} wow, newsflash
[09:19] {dino} well, there's another feather in socialist obaminations' cap, s/p downgrade
[09:19] {Threei}  I'd expect some kind of reaction today
[09:20] {Threei}  this is not a minor issue
[09:21] {Threei}  my focus so far on X and RIMM shorts
[09:24] {nemo} spy tested recent swing low
[09:25] {nemo} IWM touched monthly pivot
[09:30] {Threei}  davd developed sudden case of jf-ism, forgetting where the door is
[09:31] {Threei} Short Setup: X  .60 break half lot
[09:32] {Threei}  RIMM reversed without clear setup
[09:33] {dino} 12086, 2270, 1297 gaps
[09:33] {nemo} we should do some gap filling
[09:33] {Threei}  X invalidated
[09:33] {ese} gm
[09:33] {Threei}  ese :)
[09:34] {jfjf64} yello
[09:34] {Threei}  jf :)
[09:35] {RonS} cyh
[09:36] {davd} rimm had positive article in barrons
[09:36] {nemo} news amrn?
[09:36] {Threei}  in this market climate it won't matter much
[09:36] {RonS} slv ripping
[09:37] {nemo} gld too
[09:37] {Threei}  Amarin Corp Plc Phase III trial of AMR101 met its primary and secondary efficacy endpoints\
[09:37] {dino} amtd sm l .75
[09:38] {RonS} volitility aapl
[09:38] {Threei} Short Setup: RIMM  .60 break
[09:38] {Threei}  half lot
[09:38] {dino} panl sm l .00 wide
[09:38] {Threei}  invalidated but watching for another range
[09:38] {RonS} .vix +22.5% to 18.63
[09:39] {Threei}  ,80 break
[09:40] {dino} sm l schw .24
[09:40] {nemo} hahahahahahaha
[09:40] {Threei}  1:1
[09:40] {nemo} yeah, right
[09:40] {Threei}  1:2
[09:40] {Threei}  1:3
[09:41] {nemo} teleport short
[09:41] {Threei}  nope, easy to get if you watched that huge bid melting
[09:41] {nemo} it was over .80, then it was .70
[09:42] {Threei} Short Setup: X  .80 break
[09:42] {Threei}  invalidated
[09:43] {Threei}  (US) Moody's issues comments on US debt, debate on whether debt is better for long term fiscal positioning is changing
[09:43] {Threei}  - Notes that a change in the upward movement in debt path has yet to be seen
[09:46] {dino} ferts getting bids, pot, mos, ipi
[09:47] {dino} cyh sm l .60
[09:47] {nemo} mmmhhh indices showing signs of doing the walk up
[09:47] {Threei} Short Setup: X  50 break
[09:48] {Threei}  invalidated
[09:49] {Threei}  valid again
[09:50] {Threei}  in on bounce
[09:50] {Threei}  stop above .10
[09:51] {jfjf64} craxy candle monday
[09:51] {Threei}  well, that was quite a shock delivered by news
[09:51] {Threei}  colatility is to be expected
[09:51] {nemo} spy at support IWM walking trend line
[09:52] {jfjf64} half lots
[09:52] {Threei}  1:1
[09:53] {Threei}  1:2
[09:56] {dino} 2270 filled
[09:56] {Threei} Short Setup: RIMM  54 break
[09:57] {Threei}  stop above .10
[09:58] {Threei}  1:1
[10:00] {Threei}  *(US) APR NAHB HOUSING MARKET INDEX: 16 V 17E
[10:01] {Threei}  spin spin spin
[10:01] {Threei}  Monday, April 18, 2011 09:58:09 (US) CEA's Goolsbee: "I wouldnt" make too much about the S&P decision, doesnt appear as though S&P and Moody's are in total agreement - CNBC
[10:01] {Threei}  - Cautions against overreactions to the S&P decision
[10:02] {nemo} what is CEA?
[10:02] {dino} airline
[10:02] {Threei}  lol
[10:03] {Threei}  RIMM 1:1, out
[10:03] {RonS} council of economic advisors?
[10:03] {Threei}  1:4, sorry
[10:03] {RonS} goolsby the O econ man from Chi town
[10:03] {rambler} beauty Vad, thks....
[10:03] {Threei}  :)
[10:03] {larisa} so when it hits 1:1. you do not move your stop to breakeven? remind me your rules pls :)
[10:04] {Threei}  in times of bigger volatility and smaller lots, usually not exact b/e, giving them a bit more breathing room
[10:04] {Threei}  you didn't notice lately?
[10:04] {larisa} oh ok
[10:04] {Threei}  a few cents motre relaxed trailing
[10:05] {Threei}  more
[10:05] {nemo} that S&P low is significant support
[10:06] {Threei}  IMO{ will lose it
[10:06] {nemo} TZA then
[10:06] {Threei}  I think so
[10:06] {Threei}  38 break
[10:06] {dino} 1297 filled
[10:07] {nemo} 1/2 out .10
[10:07] {Threei}  1:1
[10:07] {Threei}  good idea on TZA as a vehicle for this breakdown
[10:07] {nemo} not as dumb as I look
[10:07] {nemo} then again...
[10:07] {Threei}  :)
[10:07] {nemo} nobody could be THAT dumb
[10:07] {Threei}  1:2
[10:08] {nemo} I'm looking next partial at .50 on IWM
[10:09] {rambler} out TZA +.20, thanks Nemo...
[10:09] {nemo} NP
[10:10] {nemo} now it's which index helps the other find a bottom
[10:10] {dino} ipi sm l .22
[10:11] {Threei}  another breakdown is coming, IMO
[10:11] {nemo} Yep
[10:11] {dino} bounce time my bet
[10:11] {nemo} spy has no support for awhile
[10:11] {dino} two of three gaps filled ndx -2.2%+
[10:12] {Threei}  my feel is one last shakeout before the bounce, dino
[10:12] {dino} 2-3% are bounce arears
[10:12] {Threei}  bounce play would be LVS
[10:13] {nemo} MON db
[10:13] {Threei}  trying for double bottom here
[10:13] {Threei}  held low, lower volume
[10:13] {Threei}  long downward tail
[10:13] {Threei}  held within BBs
[10:13] {Threei} Long Setup:  LVS  43 break
[10:13] {Threei}  if hoding above .85
[10:15] {Threei}  all he classic signs of DB are there, sin not to take the play
[10:16] {dino} live in sin, c'mon in
[10:16] {nemo} Wow..slw !!!!
[10:16] {nemo} How can you truly repent if you've never truly sinned?
[10:16] {Threei}  lol
[10:17] {dino} 8k slw
[10:17] {nemo} countrymen of yours 3i
[10:17] {nemo} man
[10:17] {davd} dollar hod - dont ask me why?
[10:17] {nemo} Portugal?
[10:17] {nemo} know who it was Vad?
[10:17] {davd} i thought we were worse off than portugal?
[10:18] {Threei}  sounds very familiar but can't pinppoint the name
[10:18] {nemo} except we're the reserve currency
[10:18] {nemo} Rasputin
[10:18] {dino} mkts stuck
[10:18] {Threei}  ahha
[10:18] {nemo} great guy
[10:18] {nemo} Tzar had a real hard time killing him
[10:18] {Threei}  come on LVS, grop a pair already
[10:19] {nemo} like this db, but don't like the lack of volume with such market weakness
[10:19] {Threei}  market starts raising its head
[10:19] {Threei}  dino was correct
[10:19] {Threei}  I mean korreqt
[10:19] {nemo} watch 130.15 area
[10:20] {dino} i have advantage of being from the future, i.e. east coadt
[10:20] {dino} coast
[10:22] {Threei}  true, I keep forgetting
[10:22] {Threei}  SLW
[10:22] {nemo} spy at VWAP and dropped
[10:22] {Threei}  ahould be long here szomewhere
[10:23] {Threei}  grrr
[10:24] {Threei}  no exact setup, just a general idea
[10:24] {Threei}  (US) Fed's Fisher: Inflation pressures are present even in light of high unemployment levels
[10:24] {Threei}  heh
[10:25] {Threei}  that's what anyone with brain was saying all along, while his cohort was claiming no such thing
[10:25] {Threei}  LVS 1:1
[10:25] {Threei}  out in full .25
[10:26] {Threei}  that's 5 for 5, and missed SLW
[10:26] {Threei}  action slowed down a bit, let's take a breath
[10:26] {Threei}  and see what shapes up
[10:26] {nemo} you do well on screwy days
[10:26] {dino} gj
[10:26] {nemo} I remember fall 2008
[10:26] {Threei}  tells you something, doesn't it...
[10:27] {nemo} OMFG...think it was like 2 months without a losing day
[10:27] {nemo} yeah...but that was too easy a setup to take
[10:27] {Threei}  yeah, while whole world was crying
[10:28] {nemo} mmmhhhh fcx
[10:31] {dino} sm l tdsc .80
[10:34] {dino} cyh to .65
[10:34] {rambler} out LVS +.40, tks
[10:34] {dino} out cyh +1.04
[10:35] {nemo} cleaned house on that one
[10:39] {rambler} short LVS here Vad...?
[10:40] {Threei}  looks tempting
[10:41] {Threei}  .35 trigger with .45 stop
[10:41] {rambler} I'm in at 43.41
[10:41] {Threei}  or that
[10:41] {nemo} .39
[10:41] {nemo} vwap .26
[10:42] {Threei}  .50 feels more natural for stop placement, but it couldn't break .45 yet
[10:42] {Threei}  so... kind of personal choice
[10:43] {Threei}  here it comes
[10:43] {nemo} 1/2 .28
[10:43] {Threei}  gj guys
[10:43] {nemo} bounced at vwap
[10:43] {nemo} and that's a support level
[10:43] {Threei}  attractive low risk setup
[10:45] {Threei} Short Setup: SLW  .50 break if stays under .60
[10:46] {rambler} out LVS  +.20
[10:46] {Threei}  wtg
[10:46] {Threei}  1:1
[10:47] {nemo} frickin' lulu
[10:47] {Threei}  1:2
[10:47] {Threei}  that's what, 6 for 6 or 7 for 7
[10:48] {Threei}  can I go home?
[10:48] {rambler} not even coffee time yet....
[10:48] {dino} wtg vad
[10:49] {patience} very nice vad
[10:49] {Threei}  ty
[10:50] {nemo} ANF .10 break?
[10:50] {Threei}  (US) China's Dagong Global Credit comments after S&P outlook cut on US: US is closer to another downgrade
[10:50] {Threei}  - REMINDER: on 11/9/10, Dagong cut its rating on US sovereign credit to "A+" from "AA" citing QE2 program.
[10:50] {Threei}  no
[10:50] {Threei}  not liking it at all
[10:52] {nemo} 1/2 out .20
[10:53] {nemo} sorry, was in before your reply
[10:53] {Threei}  (US) Fed's Lockhart: A recessionary impact could be felt if oil moves above $150/bbl
[10:53] {Threei}  - US Q1 growth likely to come in below prior forecasts, higher oil prices have hurt consumer activity, but not having a severe effect. Energy prices could remain elevated for some time.
[10:53] {nemo} stop under 68
[10:53] {Threei}  stop printing money like there is not tomorrow, imbecils
[10:54] {Threei}  or there will be no tomorrow
[10:54] {nemo} it's the perfect political solution
[10:55] {nemo} eh, another 1/4 .21
[10:55] {Threei}  amazes me how they pretend that money printing has nothing to do with commodity prices
[10:55] {nemo} let last quarter ride on black
[10:55] {davd} dollar closes gap from last weeks big drop re uup
[10:56] {Threei}  (US) Moody's affirms United Statess AAA ratings; outlook Positive
[10:56] {dino} adtn sm l .30
[10:57] {davd} great, s&p vs moodys - like watching paris hilton battle winona rider
[10:57] {dino} moodys looking for obama favors
[10:58] {nemo} I kinda' like Winona...a bit kooky but...
[10:59] {nemo} when she made that movie with share, it was around the corner from me.  you'd see her and Johhny Depp walking downtown periodically...And we're talking a one street 200 yard downtown
[10:59] {dino} i'm going w.paris
[10:59] {nemo} cyH C&H?  MON DB?
[11:00] {Threei}  MON no
[11:01] {Threei}  CYH, can't tell
[11:01] {Threei}  but rather no
[11:01] {dino} giddy-up
[11:01] {nemo} the market or Paris, Dino?
[11:01] {Threei}  lol
[11:01] {dino} lol. was thinking market, but...
[11:05] {dino} was wrong
[11:07] {dino} gaps 12086, 11859;  2221, 2202;  1279, 12566
[11:08] {nemo} mmmhhh, my cover on anf is .under .00, might actually be a good short
[11:10] {nemo} wow pileup on cyh
[11:10] {nemo} yeah, sledghammered it
[11:12] {nemo} shrot under .90 CYH?
[11:12] {nemo} and watch 30 break for long?
[11:12] {dino} pulp type, pulled buck out of it earlier
[11:12] {nemo} yeah, definitely not fresh squeezed
[11:12] {Threei}  nit sure either way nemo
[11:12] {Threei}  not
[11:12] {nemo} so...a definite maybe
[11:12] {Threei}  looks kind of jellyfishy
[11:13] {dino} supp around 29.30
[11:14] {nemo} and .65
[11:14] {Threei}  (US) S&P: USD well remain a reserve currency for some time and it will only change slowly
[11:14] {nemo} duh, it's just wether it becomes Cottonelle or 2 ply
[11:15] {nemo} whether
[11:19] {nemo} out anf
[11:21] {nemo} see the story about the deer watching over the goose nest?
[11:22] {patience} nope
[11:22] {nemo} google "Deer Goose"
[11:23] {Threei}  live camera feed from bald eagle nest
[11:23] {Threei}  http://www.hancockwildlife.org/index.php?topic=raptors_victoria1#closeup
[11:24] {Threei}  strident... missed stellar morning
[11:24] {Threei}  7 out of 7
[11:25] {nemo} that's cool...when I lived in Germany, went to a live Museum where they rescued raptors...They were all sitting on perches about 5 feet away...really neat
[11:26] {RonS} that hancock sidney 1 bird has got to look like nemo...
[11:26] {Threei}  lol... they just had first egg hatching
[11:26] {nemo} I look like a dodo
[11:27] {Threei}  CYH trying to break... I doubt it's worth the risk
[11:28] {nemo} hehehe, was watching that
[11:28] {nemo} getting to lunch on a very weird Monday
[11:29] {Threei}  here comes smackdown
[11:34] {nemo} INFY
[11:36] {ese} nope still here  s apkt .92
[11:36] {nemo} INFY volume
[11:36] {dino} sap spike
[11:36] {nemo} !!!
[11:37] {ese} bad fill......but only 100shs.....am practising
[11:38] {ese} practising my shorting that is........50shs here 100shs there etc etc
[11:40] {nemo} SLW vad
[11:40] {ese} shorting is apart of my game that i've never been really good at.......feels like learning this stuff all over again.......
[11:40] {Threei}  there is a lot about that in Taoist Trader, ese
[11:41] {ese} yes.......i can never seem to find the time these days to read it vad....am hoping that the summer will give me that opportunity
[11:42] {ese} for instance....last night we play for Michael Ignatieff the leader of the federal Liberal Party here in Canada........and on it bloody wells goes.......am too popular in this town...have sort of created my own little nightmare
[11:43] {Threei}  cry me a river :)
[11:43] {ese} nice man though
[11:43] {Threei}  not my cup of tea...
[11:43] {rambler} raise your prices....
[11:43] {ese} rotflol......eggggzatilly
[11:43] {ese} thats what i say to my band kids
[11:43] {nemo} hey Dino, what's that internet radio station you use?
[11:43] {Threei}  ivory tower kind
[11:43] {RonS} caught adtn .36 to .78  thanks for reminder dino
[11:44] {rambler} did he quote you any Moaisms......?
[11:44] {nemo} ?
Session Close: Mon Apr 18 11:44:27 2011

Session Start: Mon Apr 18 11:44:47 2011
Session Ident: #discussions
03[11:44] * Now talking in #discussions
[11:44] {Threei}  lol, that was bizarre
[11:45] {nemo} what was?
[11:45] {ese} no......interesting speech though last night......
[11:45] {rambler} he would be a disaster P.M.....
[11:45] {rambler} IMHO...
[11:45] {ese} apkt stopped
[11:45] {Threei}  leader of opposition party, during televized debate,
[11:45] {Threei}  reproaching prime minister with abandoning democarcy,
[11:46] {Threei}  quoted Mao
[11:46] {ese} same pigs different trough....or is that same trough different pigs
[11:46] {Threei}  appropriate quote for such topic, eh? :)
[11:46] {ese} whatever
[11:46] {dino} out adtn .80, +.50
[11:46] {Threei}  "Let the flowers bloom"
[11:47] {Threei}  blogosphere reactied within 30 seconds
[11:47] {Threei}  "Did he just quote Mao??"
[11:47] {Threei}  internet world is unforgiving, lol
[11:47] {rambler} read yesterday in the Post that historians now figure that mao killed more people than Stalin and Hitler combined....
[11:48] {Threei}  well, he had more to kill to begin with...
[11:48] {nemo} spy at vwap
[11:49] {dino} nemo, windowsmedia.com , hundreds of stations, i like the alternative rock ones
[11:49] {nemo} TY
[11:50] {rambler} my commie university prof friend from Oregon tells me that George Bush killed more people than mao....
[11:50] {ese} vadd dcc
[11:50] {Threei}  and ate their firstborns?
[11:50] {rambler} and he believes it......
[11:50] {dino} gj ron adtn
[11:51] {rambler} I tell him he can't retire soon enough....
[11:51] {dino} and he's a prof, well theres your answer to our education problems
[11:51] {dino} they refuse to acknowledge the truth
[11:51] {rambler} he is a big moa fan....
[11:52] {rambler} mao...
[11:52] {nemo} a Microsoft station Dino?
[11:52] {dino} how intellectuals can be fans of mass murderers, i don't get
[11:52] {dino} yes
[11:52] {rambler} they love to discuss "truth".....
[11:53] {RonS} mao won china through the discipline of his army
[11:53] {RonS} they did not rape and pillage
[11:53] {dino} bs, they make up the truth, facts do not matter to them
[11:53] {rambler} almost crawled over the stern of my boat last spring to get at him...
[11:55] {RonS} mao won the hearts of the peasantry
[11:55] {RonS} shang kai shek and the nationalists were corrupt
[11:55] {rambler} ya, and then he starved them to death.....
[11:56] {nemo} guy who trained me...guy who trained him was Mao's physician in the 40's
[11:56] {dino} if mao had lost the history would be wrote much differently
[11:56] {nemo} written by the victors
[11:56] {RonS} having said that, Mao killed millions...and anyone who does not recognize that is an idiot
[11:56] {nemo} and, as Napoleon said...
[11:56] {nemo} History is merely a fantasy upon which we all agree
[11:56] {dino} right, and re-wrtten by the liberals
[11:57] {rambler} exactly....
[11:57] {nemo} rambler...have to work on your spelling
[11:57] {Threei}  really
[11:57] {rambler} what........
[11:57] {RonS} and, btw, i learned my chinese history from a ex-pat Nationalist Chinese
[11:57] {Threei}  "eqzaktly" is how that word is spelled
[11:58] {rambler} so sorrly...
[11:58] {Threei}  sin no more
[11:58] {RonS} dang ipi just will not go...
[12:00] {rambler} SLW short...?
[12:04] {dino} i know ron, any other day it moves
[12:05] {RonS} al i wanted was .44 from .20
[12:05] {RonS} all
[12:06] {nemo} I think CYH is going to want to break that 30 at some point
[12:07] {dino} me too
[12:08] {rambler} SLW DT....?
[12:08] {nemo} looks that way
[12:09] {Threei}  chick raised its head in the nest
[12:09] {nemo} only thing though, after today's announcement, can silver stay down
[12:10] {Threei}  mom feeds it
[12:10] {nemo} what chick?
[12:10] {Threei}  eagle
[12:10] {RonS} paris
[12:10] {Threei}  http://www.hancockwildlife.org/index.php?topic=raptors_victoria1#closeup
[12:10] {Threei}  upper one
[12:10] {Threei}  look quickly
[12:10] {Threei}  not every day you can see this real time
[12:11] {nemo} CYH
[12:11] {RonS} that nest is a McMansion...
[12:12] {nemo} probably built better
[12:13] {RonS} what is she doing?
[12:13] {nemo} defecating
[12:14] {ese} just realised.....thats live right now!
[12:14] {ese} wow
[12:14] {nemo} blonde?
[12:15] {Threei}  SLW starts forming that short I think
[12:16] {rambler} .90 break...?
[12:16] {Threei}  not clear yet
[12:16] {rambler} dang green candle...
[12:17] {Threei}  but this itme of day, I'd rather hunt for aggressive entry
[12:26] {nemo} CYH C&H?
[12:26] {Threei}  I can't bring myself to buy this type of break at this time in this type of market
[12:28] {nemo} that volume doji,,,oy vay...I'll sit it out
[12:30] {nemo} wow...a Kenyan won the Boston Marathon...what a surprise
[12:30] {nemo} set world record
[12:31] {nemo} 2:03 beat previous record by 2 minutes
[12:31] {nemo} An American finished 4th
[12:31] {RonS} prob kenyan...?
[12:32] {nemo} or of Kenyan descent
[12:35] {nemo} Gawd!!! is CYH tempting
[12:39] {Threei}  nope
[12:40] {Threei}  the more I look at it, the less temting it is
[12:46] {dino} markets stuck
[12:46] {Threei}  ese, dcc pls
[12:56] {Threei}  I'll stay away, but the temptation to short this break is there
[12:57] {nemo} you were saying?
[12:57] {rambler} you in CYH Nemo....?
[12:57] {Threei}  saying I'd short the living daylight out of it if I were inclined to do anything
[13:00] {rambler} are you talking CYH....?
[13:01] {Threei}  yeah
[13:02] {nemo} no, I wasn't
[13:02] {rambler} why would you short that setup Vad...?
[13:02] {nemo} In the words of the Immortal Magoo...."rip, or rot?"
[13:03] {dino} lol
[13:04] {Threei}  I can't put it in words
[13:04] {nemo} It's a Tao thing...looked for, can't be seen, listened for, can't be heard
[13:05] {rambler} gut feeling....?
[13:05] {Threei}  I guess...
[13:05] {Threei}  too perfect consolidation, too inviting
[13:06] {Threei}  did it once before, look at the similar break attempt at 11:28
[13:06] {nemo} yeah, a very "Spider to the fly" kinda' thing
[13:06] {rambler} looks like great long entry to me...
[13:06] {Threei}  and immediate smackdown, trapping gullible break buyers
[13:07] {rambler} been  there, done that.....
[13:07] {Threei}  it's very uncertain now, random movements time of the day
[13:07] {Threei}  so I do not touch it either way
[13:08] {Threei}  but if I had to, in words of immortal magoo "gun to head"... it would be short
[13:10] {Threei}  ywo eagles are in the nest now
[13:10] {nemo} Vad, might still be right, this could have been a Wile E. Coyote moment
[13:11] {rambler} SPY dropping
[13:12] {rambler} gotta run for a bit...
[13:13] {nemo} TNA might be a bounce around .85
[13:13] {nemo} if not here around .70 might be a bounce
[13:20] {nemo} MOS short below 73 or long on bounce?
[13:20] {nemo} ehhh vwap at .95
[13:20] {nemo} unless market crashes
[13:20] {nemo} probably no good
[13:26] {nemo} hehe...would have been a nice scalp off of VWAP
[13:36] {RonS} wow akam
[13:41] {ese} am outta here.....have a great rest of the day
[13:42] {dino}  cya
[13:42] {RonS} cya nemo
[13:42] {nemo} huh?
[13:42] {RonS} sory...ese
[13:42] {nemo} mmmhhhhh, If Rovi drops .65, could go some more
[13:42] {RonS} sorry
[13:43] {nemo} shouldn't insult ese like that...sensitive musician
[13:44] {rambler} back in the saddle....SPY popping...
[13:45] {nemo} vwap .04
[13:45] {Threei}  take care ese
[13:45] {nemo} sould test .12
[13:45] {nemo} ROVI no bounce with market
[13:49] {dino} adtn sm l .25
[14:04] {dino}  meli
[14:08] {dino} meli wow
[14:17] {nemo} market giving the big FU to S&P
[14:18] {dino} hsbc of hong kong emails me that they are holding a 12 m inheritance for me if i provide...
[14:20] {nemo} think meli, look yoku
[14:20] {nemo} LVS
[14:27] {Threei}  (GR) US Treasury Spokesperson: Press reports suggesting that Treasury's Geithner stated a Greek debt restructuring would be needed are incorrect
[14:28] {nemo} it's snowing on the goose nest
[14:28] {Threei}  not on eagle's
[14:28] {nemo} nope
[14:28] {nemo} aww cute little chick
[14:29] {Threei}  you missed feeding moment?
[14:32] {nemo} LVS .01?
[14:32] {Threei}  late
[14:32] {nemo} I missed
[14:33] {Threei}  RIMM may be preparing for the same
[14:33] {Threei}  .50
[14:33] {dino} gj cyh nemo
[14:33] {nemo} yeah
[14:34] {Threei}  dino, they must have a few of those inheritances... my notification has just arrived too
[14:34] {Threei}  same amount
[14:34] {Threei}  aren't we lucky
[14:35] {Threei}  booking flight as we speak
[14:38] {dino} lol
[14:40] {davd} i would believe the hsbc email over the vix
[14:41] {davd} that was my way of saying vix breaks below lod - meaningless
[14:42] {Threei}  yeah, I don't know what it measures anymore
[14:43] {davd} its a great way for etf sellers to make a buck
[14:44] {dino} i can't trade it
[14:44] {RonS} meli hod
[14:44] {davd} jesse jackson jr argues that technology is the cause of umempolyment - i agree
[14:45] {Threei}  so, luddism is the way to go?
[14:45] {dino} i read that, jesse's an idiot
[14:45] {davd} he's right.  he is prob also an idiot...
[14:46] {Threei}  each destroyed excavator gives us 50 new jobs
[14:47] {Threei}  or how many men with shivels are needed to replace it
[14:47] {dino} out ipi .52 +.30
[14:47] {davd} i know the argument - i believe the today, we have reached to the tipping point
[14:48] {rambler}  way to hang in there dino....
[14:48] {dino} took awhile
[14:48] {Threei}  anyone went for RIMM break?
[14:48] {RonS} i believe the tipping point needs to reach the tipping point
[14:49] {Threei}  how very Zen of you
[14:49] {dino} i just want to tip a few beers
[14:49] {Threei}  and you
[14:49] {Threei}  lol
[14:49] {RonS} that concept smacks of convenient faulty logic
[14:50] {nemo} I smell a rinse in LVS
[14:51] {patience} 3:00 cometh...looking with entertainment...not doing much today
[14:52] {nemo} jeez yoku
[14:53] {dino} mos green
[14:55] {davd} wheat up 4.2%
[14:55] {dino} panl trying to break .00
[14:59] {nemo} ARCO new highs
[15:02] {RonS} lol:  Mary Miller, US Assistant Treasury Secretary said in a statement that the S&P outlook "understimates" U.S. leadership.
[15:03] {nemo} Hillerich and Bradsby right upside the head
[15:04] {Threei}  miunderestimates?
[15:11] {Threei}  watchign FCX for short into bounce around .50-.60
[15:11] {nemo} sitting on vwap
[15:13] {nemo} rinse LVS
[15:16] {Threei} Short Setup: FCX  .50 break
[15:16] {Threei}  if stays under .60
[15:18] {dino} rally
[15:19] {nemo} spy going to weekly pivot at .82
[15:21] {Threei}  invalidated
[15:22] {nemo} spy touched .82, let's see, but I'm betting keeps going
[15:23] {nemo} big gap up tomorrow
[15:24] {dino} turnaround tuesday?
[15:24] {nemo} yep
[15:24] {dino} happened last week
[15:25] {Threei}  following Gap down Monday and followed by No idea what's next Wed
[15:27] {patience} ok, i'll be the contrarian
[15:32] {dino} thats usually me
[15:32] {nemo} didn't know you were Armenian
[15:33] {RonS} classic
[15:33] {nemo} ?
[15:33] {RonS} spot on
[15:33] {nemo} I need wine
[15:35] {nemo} mmmhhh...now does spy hang here at the monthly pivot...what would piss the most people off
[15:36] {nemo} Oh, I lied quarterly pivot
[15:36] {dino} hard drop would
[15:36] {RonS} O says there is no debt problem?
[15:36] {nemo} H&B time again
[15:37] {Threei}  (US) PIMOC's El-Erian: S&P's change in outlook on US debt is consequential; clouds are forming on the horizon
[15:37] {patience} now i'm laughing
[15:37] {nemo} another "Duh"
[15:37] {nemo} what was that Vad, "stop the planet, I want to get off"
[15:37] {Threei}  yup
[15:38] {nemo} I just don't think there is enough alcohol in the world to get through this
[15:39] {nemo} Think I'll ask Bunny...
[15:39] {dino} makes me think of platoon
[15:39] {nemo} btw...she loves Broccolli
[15:39] {nemo} Brocolli
[15:39] {nemo} Broccoli
[15:39] {rambler} FCX short ...
[15:39] {rambler} ?
[15:39] {Threei}  nah
[15:39] {Threei}  no setup
[15:40] {RonS} makes me think of the Statler Brother's "Counitng Floweres on the Wall"
[15:40] {RonS} flowers
[15:40] {RonS} counting
[15:40] {nemo} been here too long
[15:40] {Threei}  contagious, eh?
[15:40] {nemo} maybe he started drinking
[15:40] {RonS} lol
[15:41] {nemo} I did, going to the range...gotta' lube up the trigger finger
[15:44] {Threei}  SPY pace increases but direction is undefined
[15:45] {Threei}  my bet would be down
[15:45] {patience} yup
[15:47] {RonS} South Carolina Republican Sen. Jim DeMint warns he will filibuster vote on debt ceiling unless lawmakers add a balanced-budget amendment to the Constitution, adding a new twist in deficit battle. Oy Vey!!
[15:48] {RonS} ...one way to clebrate the 150 yr anniv of the start of the Civil War
[15:48] {Threei}  sigh
[15:48] {nemo} what was that about blood and the "Tree of Liberty
[15:48] {nemo} "?
[15:48] {Threei}  idiots are playing with fire
[15:49] {nemo} thus target practice
[15:49] {Threei}  as if situation was not bad enough, they want to make it catastrophe
[15:51] {RonS} LVS just keeps going...
[15:52] {nemo} yeah, rinsed my ass
[15:52] {patience} markets aren't breaking down gracefully
[15:52] {nemo} kinda' like me
[15:52] {dino} out tdsc .40, +.60
[15:52] {Threei}  wtg
[15:52] {nemo} I look like somebody dropped bleach on my head and used 60 grit sandpaper to wipe it off
[15:53] {dino} ty, took all afternoon
[15:53] {Threei}  OK guys, let's take he break till tomorrow... 100% day is nothing to sneeze at durting such turbulent times
[15:53] {Threei}  have a great evening, see you tomorrow
[15:53] {larisa} bye :)
[15:54] {rambler} cya tomorrow....
[15:54] {nemo} wow SINA up $10 today