Nov 27 2009

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Short session worked out for us with three nice and easy scalps: QLTI long, FAZ long, FAZ short... Relaxed way to finish the week and go into weekend.

Session Time: Fri Nov 27 00:00:00 2009

[08:19] {BillyD} GM all

[08:34] {strider} anybody awake?

[08:34] {BillyD} here S

[08:36] {strider} Hi billy

[08:37] {strider} fxp

[08:37] {strider} sorry..wrong keyboard

[08:44] {Les} morning.

[08:45] {Les} or afternoon, depending on your persuasion

[08:47] {Les} so, not such a boring day after all...

[08:50] {Threei} Good morning

[08:51] {Threei} BLTXX UPDATE: Baltic Dry Bulk Index: drops 3.5% (6th straight decline)

[08:51] {strider} morning vad........erp

[08:51] {Threei} wow, 3.5

[08:51] {Threei} strider :)

[08:51] {Threei} JP) Japan Strategy Min: Japanese govt and BoJ will deal with the yen currency together

[08:51] {Threei} - says BoJ recognizes Japanese deflation and knows what to do about it

[08:51] {Threei} good for them

[08:51] {Threei} noone else does

[08:52] {Threei} (FR) France PM Fillon: Resources in Dubai region will ensure problems do not become a second crisis; current issue in Dubai is a continuation of old issues

[08:52] {Threei} (GE) Germany Bundesbank Exec: Economy will 'barely' grow after the year 2020

[08:52] {Threei} hmmm

[08:53] {Threei} what is it going to do between now and then ?

[08:53] {fernp} Good morning everybody

[08:53] {Threei} fern :)

[08:53] {Threei} USD/UAH (UA) Ukraine Dept Central Banker: Could purchase USD in efforts to avoid volatile currency gains

[08:54] {Threei} beautiful... their buying of all of 6 dollars they can buy will rwally support USD

[08:54] {Les} well they can siphon off Russian gas illegally to buy US dollars?

[08:55] {Threei} yes, that may lift their purchasing power to $6.72

[08:55] {Threei} IA) IAEA Envoy: Patience is running low with Iran; cannot continue repeated rounds of unsubstantiated talks

[08:56] {Threei} US) Retail Analyst Dana Telsey: Forecasts holiday sales "flat to slightly up" this year -CNBC

[08:56] {Threei} - Notes that "Black Friday" sets the tone for the holidays

[08:56] {Threei} (IA) Iran says UN resolution jeopardizes condusive environment for discussions

[08:56] {Threei} - Iran will reduce 'goodwill gestures' with IAEA inspectors; studying other options for Tehran research reactor

[08:57] {Les} hmm Ukraine looks like good value in curreny exchange. Anything you can suggest we should go see in Ukraine?

[09:01] {Threei} well... Kiev is a nice city, some of ancient monasteries

[09:02] {Threei} famous Kiev-Pecher Lavra

[09:03] {Les} ouch. the flights aren't cheap though...

[09:04] {Les} bloody european airlines, charge an arm and a leg

[09:04] {Threei} you are kidding

[09:04] {Les} Ukraine got an airline?

[09:04] {Threei} in Canada it's a common knowledge that ours are the most expensive, and Europian ones are cited as example of cheap onwe

[09:04] {Les} ha

[09:05] {Threei} they do

[09:05] {Les} I want to travel to the US, if naught else you can get good flight deals with the US airline industry

[09:05] {Les} during off peak periods

[09:05] {Threei} US used to be cheap

[09:05] {Les} waiting for $ to go somewhat lower

[09:06] {Threei} not anymore, there are a lot of fees and charges for every sneeze

[09:06] {Les} common pheonomena here as well

[09:06] {Les} how do you look at today's opening?

[09:06] {Les} PPT markup coming?

[09:06] {Threei} with passing interest

[09:06] {Les} or big selloff?

[09:06] {Threei} why PPT?

[09:07] {Threei} I mean, is there buying that is not of PPT making?

[09:07] {Threei} or any time market gets bought it must be PPT?

[09:09] {Les} thinking more along lines of maintaining confidence

[09:09] {Threei} just interesting how everyone thinks PPT is capable of anything

[09:10] {Threei} and attributes to it any time dropping market gets bought

[09:10] {Threei} if they really had such overarching powers, how come we got such a brutal selloff a year ago?

[09:10] {Threei} destroying confidence, capital, lifes

[09:11] {Les} 'cause they don't have power of god

[09:12] {Les} buy we do know how to cover our bottoms when the *%it hits the fan

[09:12] {Les} and as we see in Dubai, we're still covering our bottoms

[09:12] {Threei} wasn't last fall the crucial time to cover those bottoms?

[09:12] {Threei} I don't even know what the big deal about Dubai is

[09:13] {Threei} extravagant real estate projects that were questionable even at best times

[09:13] {Threei} blow up in bad times

[09:13] {Threei} not really big financial scaleww

[09:13] {Threei} what is it, 60B?

[09:14] {Threei} I see it this way:

[09:14] {Threei} this Dubai thing is either and excuse to finally start the descent

[09:14] {Threei} or just a trap for bears that see a glim of hope

[09:15] {Les} a trigger or a trap?

[09:15] {Les} hmmm ok

[09:15] {Threei} no one at this point know which it is

[09:15] {bkhmd} gm all

[09:15] {Threei} bkh :)

[09:15] {Les} hey bk

[09:16] {bkhmd} stalking anything?

[09:16] {ese} morning

[09:16] {Threei} ese :)

[09:17] {Les} ese

[09:17] {Threei} thinking of shorting financials into bounce

[09:17] {Threei} WFC is one of those

[09:17] {fernp} PCU, OGE and SPH nice C&H on daily fwiw

[09:17] {ese} les

[09:17] {Threei} FAZ on watch

[09:18] {ese} whats up with the mkt vad.....don't see any news

[09:19] {larisa} gm :)

[09:20] {ese} larisa

[09:20] {Threei} larisa :)

[09:20] {Threei} Dubai ese

[09:20] {larisa} ese, vad :)

[09:20] {Threei} was all over the news yesterday

[09:20] {ese} what happened there......

[09:20] {ese} don't get tv or the news

[09:21] {Threei} dfeault on debt

[09:21] {ese} huh

[09:21] {ese} really

[09:21] {ese} the entire flippin country

[09:22] {Threei} well, Dubai is one of little states within UAE

[09:22] {Les} that beautiful Dubai property scheme they were crowing to the whole world about a few years ago....

[09:22] {Les} is in the toilet.

[09:22] {Les} how that is justice.

[09:22] {ese} yup.....meaning ...of course....the rest of them are probably in default

[09:22] {Threei} I doubt it

[09:23] {Threei} the rest have oil

[09:23] {Threei} Dubai has extravagant real estate projectsa

[09:23] {ese} and dubai doesn't

[09:23] {BillyD} who does Dubai owe money to then? rest of world?

[09:23] {ese} american banks

[09:23] {Les} HSBC

[09:23] {Les} hahaha

[09:23] {Threei} I don't know... but this is interesting question

[09:24] {Threei} everfy time I hear that all the states in the world are in debt, I can't help but wonder

[09:24] {Threei} if ALL of them owe money, who do they owe it to

[09:24] {Threei} and if all of them owe money, then let's just call it even and start anew maybe? :)

[09:24] {strider} Pay no attention to the man behind the curtain.

[09:24] {BillyD} or, is this newss mkt needs as a reason to sell off

[09:25] {dino} gm all

[09:25] {Threei} on top of it all, to add uncertainty - it's a short session

[09:25] {Threei} dino :)

[09:26] {BillyD} stuff like this just proves "Trading in the Zone" book by Douglas

[09:27] {BillyD} mkt dynamics

[09:27] {dino} citi is on the hook for some thats the big us bank involved

[09:27] {strider} skf

[09:27] {strider} sorry....got keyboard's mixed up

[09:28] {dino} should have held that gdx short

[09:28] {Threei} yeah

[09:28] {dino} lstza blood

[09:28] {Threei} gold is hit hard

[09:28] {Threei} so is oil

[09:29] {Threei} and thank goodness, loonie

[09:29] {dino} vxx

[09:30] {Threei} let's see if we can get good entry on FAZ

[09:31] {Threei} pullbck under .30

[09:31] {Threei} or break of .40 if .30 is holding

[09:32] {Threei} if loses .30, don't jump in

[09:32] {Threei} let's see where it bottoms out

[09:32] {Threei} then wait for it to form upper limit

[09:32] {Threei} and break it

[09:33] {Threei} so far .30 is forming as break trigger

[09:33] {dino} gaps filled ndx and s/p 11-13 and 11-20

[09:33] {dino} remaing in nov. 11-6; 9936, 1730, 1069.

[09:33] {Threei} Long Setup: FAZ .30 break if holding .20

[09:34] {bkhmd} my quotes correct? DOW -19X?

[09:34] {Threei} 197

[09:34] {Threei} invalidated

[09:35] {Threei} Long Setup: QLTI .65

[09:35] {Threei} if holding above .50

[09:36] {lasertrev} gm

[09:36] {Threei} trev :)

[09:37] {magoo} morn..hoope all had nice holiday

[09:38] {Threei} Long Setup: FAZ .85 break if holding .75

[09:38] {Threei} mags :)

[09:39] {Threei} 1:1 FAZ

[09:39] {fernp} ty

[09:39] {bkhmd} ty

[09:39] {Threei} MGM MIRAGE CNBC's Faber: Sources saying that there is little concern about funding link between Dubai World and MGM's City Center project; City Center has now been fully funded

[09:39] {Threei} - Note: on 11/25 MGM Commented on the Dubai announcement and highlighted that it would have no impact on its CityCenter project

[09:41] {Threei} wat6ching LVS for pullback

[09:43] {Threei} would like to see something like .30 - .40 to get interested

[09:44] {Les} why? is it because of this consolidation zone offering support?

[09:45] {Threei} that would be depth of pullback likely to generate enough buying inetrest again, and it would be close enouigh to support for provide good stop

[09:45] {Les} k

[09:47] {strider} out QLTI +.12

[09:47] {fernp} ty Vad

[09:48] {Threei} 1:1 QLTI

[09:48] {Threei} nice and easy

[09:48] {Threei} never even went under entry point, let alone jeopardizing the stop

[09:48] {Threei} that's how I like them

[09:48] {strider} yeah,, let's just do that kind from now on.

[09:49] {Threei} we need Trev to implement that "do not entry losing trades" button

[09:49] {Threei} do not enter

[09:49] {Les} so Trev is one of "them" is he?

[09:49] {strider} It's the executing mode button in menu bar.

[09:50] {Les} so how do you see LVS now Vad?

[09:50] {Threei} the same

[09:50] {Les} amateurs moved in first thing to buy it up?

[09:50] {Threei} I want good pullback

[09:50] {fernp} HD seems strong

[09:50] {Threei} why amateurs?

[09:51] {Threei} maybe amateurs panicked with their market sell orders,

[09:51] {Threei} and prose are taking advantage of pullback?

[09:51] {Threei} merrily buying from weak hands?

[09:51] {Les} just trying to define how LVS is moving, breathing?

[09:51] {Les} no question mark

[09:54] {ese} haven't seen this before on my screens.....not one alert on Euphoria or JBE ....interesting

[09:54] {strider} Wal-Mart wins Canadian Supreme Court ruling on union suit, Bloomberg reports

[09:54] {strider} Now canucks can buy union suits.

[09:54] {strider} obscure joke....maybe nobody gets it.

[09:54] {Threei} Wal-Mart Stores Inc Canada Supreme Court rules in favor of WMT in suit brought by union over Quebec store closing

[09:54] {Threei} - WMT asked the court to deny a lawsuit that sought to restrict store closings when employees join unions, taking a stance against Quebec's Labor Relations Act. Union workers sued under the Act after Wal-Mart shut their store.

[09:55] {dino} esi sm l .51

[09:55] {Threei} good

[09:55] {Threei} HBC CEO: Confident in Dubai leadership in debt issues; Middle east is an important part of business

[09:55] {Threei} - highlights that the Middle East aspect of their business is only 2% of balance sheet

[09:56] {ese} yup....definitely don't get that one ST......explain

[09:56] {strider} Union suit was the brand name of an old style of long underwear......

[09:56] {ese} ahhhhhhh

[09:56] {dino} lol

[09:56] {strider} Appalachian thing

[09:57] {Raven} thang

[09:58] {strider} exactly.

[10:00] {ese} l appl .50

[10:00] {ese} 1/2

[10:01] {ese} out appl .82

[10:02] {ese} +.32

[10:02] {ese} and i know it will keep going

[10:02] {ese} this is one of them don't get greedy days

[10:02] {Threei} totally

[10:02] {Threei} short day

[10:02] {Threei} can change on a dime

[10:03] {dino} gj es

[10:03] {ese} tks

[10:04] {bkhmd} ese was that appl or aapl?

[10:04] {ese} sorry aapl

[10:05] {ese} the guys who sold me my computer

[10:06] {ese} opps....some jbe alerts on my screen

[10:07] {ese} apwr

[10:07] {ese} was looking at it at .60

[10:07] {ese} didn't have the nerve

[10:09] {Les} for anyone who wants to see what "Dubai" is about - some good pics: http://ibankcoin.com/chart_addict/2009/11/26/dubai-the-city-on-crack/

[10:11] {magoo} AWIAV?

[10:12] {fernp} no

[10:13] {magoo} AWIAF? lol

[10:14] {dino} apwr?

[10:14] {ese} wow...

[10:14] {Threei} US Official: US has committed to a package of initiatives on Iran if it does not engage with regards to Nuclear enrichment

[10:15] {ese} i've seen pictures of the water development in the shape of a tree......Mcleans magazine here in canada

[10:16] {ese} packages of initiatives?

[10:16] {Threei} finger-wagging I'd guess is on top of the list

[10:17] {BillyD} CBAK interesting

[10:17] {ese} vad vad vad.........your a funny one you are.......

[10:17] {dino} most likely 3i, and then the classic 500 million bonusif you cooperate

[10:17] {Threei} call me sardonic

[10:18] {strider} sardo

[10:20] {Threei} APWR acts like endless runner

[10:20] {Threei} and I see no news

[10:20] {Threei} one of those grossly exaggerated moves that happen sometimes on a holiday

[10:21] {dino} china doubled budgetenviro budget and possible add toibd 100 index apwr

[10:21] {ese} ya and the news ain't that great.....go figur

[10:22] {ese} l aapl .49

[10:23] {ese} ok out aapl .37

[10:23] {ese} you'll not believe what i just did........

[10:24] {bkhmd} +.37 or out at .37

[10:24] {Threei} drunk whole bottle of vodka and eate the bottle itself?

[10:24] {ese} had the mkt order ready was gonna do it it it broke .50

[10:24] {ese} next thing i know i'm long

[10:25] {ese} inadvertently bought it....damn

[10:25] {ilana} happened to me a few times with limit order as well

[10:26] {ese} i hate it when that happens.....just cost me .12 cents

[10:26] {bkhmd} big shares?

[10:26] {dino} ever hit the sell button and realize you were looking at wrong stock? i have

[10:27] {ese} well i guess if they can stupidly build beyond there means in dubai.......i can stupidly press a button by mistake

[10:27] {ese} no bk 1/2 lot

[10:27] {BillyD} yes dino, cost me 6K 10 yrs ago

[10:28] {bkhmd} ur half lot is couple K? lol

[10:28] {ilana} ever forget you're short and press sell button when wanted to cover? i have

[10:28] {ese} normally.........but not today......

[10:29] {Threei} that's actually a frequent error

[10:29] {ilana} whew, relief

[10:29] {ese} really

[10:29] {ese} i can't remember the last time i did it

[10:29] {Threei} for many who traded mostly on a long side, have ingrained notion of sell as close the trade

[10:29] {Threei} and started trying shorting

[10:30] {ese} hmmmmmmm

[10:30] {ese} ya i can see that

[10:33] {Les} NLST ready to give us a short?

[10:33] {Les} or a bounce?

[10:34] {dino} esi stop to .20

[10:34] {dino} make it .22

[10:34] {Threei} i don't see anything readable on NLST

[10:35] {Les} ok. AONE is soldiering on higher

[10:35] {dino} to .30

[10:37] {dino} to .35

[10:37] {ese} gap reversal screen alerts filling up

[10:37] {ese} guess panic over dubai is over

[10:37] {dino} until they figure out off balance sheet and counter-party exposure

[10:38] {dino} january should be interesting

[10:38] {BillyD} watching RIMM to see if short setup at 58

[10:39] {Threei} Short Setup: FAZ .60 break

[10:39] {ese} i'm thinking Jan is going to be real interesting

[10:39] {Threei} if stays under .70

[10:39] {ese} down big is what i'm expecting

[10:40] {Threei} fade is a valid trade too

[10:41] {dino} out esi .37, +.86

[10:41] {bkhmd} Dino come trade my account WOW Good Work Dude

[10:43] {dino} thx lucky thats all

[10:44] {Threei} lol

[10:44] {ese} l drys .17

[10:44] {Threei} it's a double luck then dino: luck to win and luck to have such a consistent luck

[10:45] {ilana} after how many times luck considered success?

[10:45] {bkhmd} Ok vad lets go back to wednesday and re-vote

[10:45] {Threei} that's a question to be answered at deathbed

[10:45] {Threei} why bkh?

[10:45] {bkhmd} no I understand why you suggested it

[10:46] {bkhmd} slow

[10:46] {Threei} well, we have 2 for 2

[10:46] {bkhmd} yes

[10:46] {Threei} so it was worth waking up

[10:47] {bkhmd} i agree with that

[10:47] {Threei} and you know what... let's trail FAZ to above b/e

[10:47] {Threei} we are close enough to 1:1

[10:47] {Threei} let's cut the risk to idiotically small

[10:48] {strider} out +.008

[10:48] {strider} 08

[10:48] {Threei} 3 for 3 then for you

[10:48] {strider} only taken two trades....

[10:49] {strider} QLTI & FAZ

[10:49] {strider} missed something

[10:49] {Threei} FAZ long earlier

[10:49] {Threei} FAZ short now

[10:49] {strider} yeah...

[10:49] {Threei} and QLTI

[10:49] {Threei} so, let's see

[10:49] {Threei} FAZ+FAZ+QLTI

[10:50] {Threei} yeah, three

[10:50] {bkhmd} lol

[10:50] {dino} distracted. but as for the luck, in this market i believe that profits are luck, losses are skill. too random intraday

[10:52] {BillyD} Vad, when u said fade idea on FAZ short call were you talking buying of short aggressive into the bounce before break down

[10:52] {BillyD} or short aggressive

[10:52] {Threei} no

[10:52] {dino} have to call it a day, taking mon. and tues. off. good luck all

[10:52] {Threei} fade as in:

[10:53] {BillyD} cya dino

[10:53] {Threei} take the opposite side of the setup if it invalidates

[10:53] {bkhmd} take it long

[10:53] {fernp} bye dino

[10:53] {Threei} take care dino, have a good weekend

[10:53] {bkhmd} later dino

[10:53] {Les} ciao dino

[10:53] {dino} :)

[10:53] {Les} wanted to ask you about that Vad

[10:53] {BillyD} ok, got it

[10:53] {Threei} so it would be long on .70 break if never lost .60

[10:53] {Threei} when, finally

[10:53] {fernp} out TY Vad

[10:53] {Threei} out FAZ

[10:53] {Les} ty

[10:53] {Threei} .49

[10:53] {Threei} 3 for 3

[10:54] {Les} ty for the trade and explaining fade move

[10:54] {Threei} sure thing

[10:59] {BillyD} Vad, look at AMZO, nice chart but follow thru is ?

[10:59] {BillyD} AMZN

[11:00] {Threei} I like the chart... had it been normal trading day, I'd call it without hesitation

[11:00] {Les} NLST double top?

[11:00] {BillyD} ty

[11:00] {Threei} or C&H if breaks .50

[11:01] {Les} ah ok

[11:02] {ese} l drys avg .20

[11:03] {Les} CAT found its way back to support again. Impression that someone's supporting this stock. but a setup?

[11:04] {Les} not game today

[11:04] {Threei} support?

[11:04] {Threei} or resistance?

[11:04] {Les} 200 ma on 60 min.

[11:04] {Les} back above

[11:05] {Threei} 58 break was nice legit C&H

[11:05] {Les} gonna stick a big c&h example on edge of my screen...

[11:06] {Threei} (IA) Iran Govt responds to censure; claims resolution by IAEA is of a theatrical nature; 'useless' - state news agency

[11:06] {Threei} hey, first time in my life I agree with Iran

[11:06] {Les} nah, lets bomb em

[11:07] {BillyD} useless rhetoric

[11:11] {Les} you were right vad. double dose resistance 15 min. for CAT. If can break that would like to go long.

[11:11] {Threei} at what price?

[11:12] {larisa} 60 :)

[11:12] {Threei} we have time then

[11:12] {Les} that your trigger price or profit target larisa?

[11:13] {Threei} let me make Larisa's life easier:

[11:13] {Les} CAT stop getting bigger than I wanted.

[11:13] {Threei} {larisa} neither... it's a joke

[11:13] {Threei} I don't undertsnad Les

[11:13] {Threei} describe the play you envision

[11:14] {Les} at moment I spoke of CAT

[11:14] {Threei} yesa

[11:14] {Les} .20 stop

[11:14] {Threei} that's what I am looking at

[11:14] {Threei} which entry?

[11:14] {Les} upon new high

[11:14] {Les} .35

[11:14] {Threei} wow

[11:14] {Les} or .33

[11:14] {Threei} that's an entry I would never go for

[11:15] {ese} ese gives drys forceful nudge with the ictus of directors baton

[11:15] {Threei} this pullback is a valid entry

[11:15] {Threei} that break is not

[11:15] {Les} why?

[11:15] {Les} CAT needs pullback first?

[11:15] {Threei} because it's a top of vertical spike aftre the break

[11:15] {Threei} we buy break of consolidation

[11:15] {Threei} not the break after such spike

[11:16] {ese} thats the pointy part for you musical laymen

[11:16] {Threei} look at 1 min chart'

[11:16] {larisa} 15 and 60 min charts are too long horizon for me. I think for scalping multiple frames will confuse you a lot of times. And what 15min chart player sees as support/res, for scalper can mean opposite. it is like comparing aaples and peaches.

[11:16] {Les} y

[11:16] {strider} ese, you're just talking dirty again.

[11:16] {Threei} 11:03, break of 58, C&H formation

[11:16] {Threei} quick move to above .30

[11:17] {ese} never thought of it that way

[11:17] {Threei} which is 1:3 for that break

[11:17] {Les} y

[11:17] {Les} ok. never thought of it like that

[11:17] {Threei} do you want to go long at 1:3 without new consolidation first?

[11:17] {Threei} if yes, then think of it this way:

[11:18] {Threei} is there any spike you wouldn't want to buy at the top?

[11:18] {Threei} what would it have to be, 1:5? 1:10?

[11:18] {Les} ok so we buy break from consolidation, not an extension of the break itself

[11:19] {Threei} we SELL into those spikes!

[11:19] {fernp} Don't you have TTR?, Les

[11:19] {Les} so that's what I'm doing wrong :O

[11:20] {Les} y

[11:20] {Threei} get back to basics Les

[11:20] {Threei} crowd chases spikes

[11:20] {Threei} spikes reverse on the crowd

[11:20] {Threei} crowd gets creamed

[11:20] {Threei} smart money buys before the spikes

[11:20] {Threei} smart money sells into spikes to the crowd

[11:21] {Les} y. now we speak of it ttr trade examples come back to mind

[11:21] {Threei} smart money trakes crowd's money

[11:21] {Threei} be smart money

[11:21] {Threei} eschew being the crowd

[11:21] {larisa} whats eschew

[11:21] {Les} so with CAT chart in front of me

[11:21] {Threei} two answers larisa

[11:21] {Threei} 1. it's a sneeze sound

[11:22] {Threei} 2. it's a fancy word for "avoid"

[11:22] {Les} where are interesting consolidation zones for you?

[11:22] {Threei} pick what you like :)

[11:22] {larisa} I like both

[11:22] {Threei} you can have both

[11:22] {Threei} it's Thanksgiving, I am kind

[11:23] {bkhmd} Les are you on a one minute chart?

[11:24] {BillyD} Hey guys/gals, have a good wknd, gotta run

[11:24] {bkhmd} later Billy

[11:24] {Threei} take care billy, have a great weekend

[11:24] {larisa} bye Billy :)

[11:24] {Threei} I don't understand the question Les

[11:25] {fernp} bye billy

[11:25] {ilana} bye billy

[11:26] {bkhmd} if I may Les look at the CAT 1 min starting at around 10:20 forward starts a dented ugly cup and handle consolidation just under 58

[11:26] {bkhmd} break of 58 would have been a good start

[11:27] {Threei} beautiful bkh

[11:27] {bkhmd} previous support at 57.89

[11:27] {Threei} perfect description of the setup

[11:27] {bkhmd} with could have given us a fair stop

[11:27] {bkhmd} i wasnt watching it at the time

[11:39] {Threei} market is in its normal freeze

[11:43] {bkhmd} im gonna paper trade and practice range trading

[11:45] {Threei} I am gonna sleep with my eyes open and practice pretending that I am wide awake

[11:45] {bkhmd} toothpics work well

[11:45] {Threei} actually I have it down to art

[11:45] {Threei} trading in my sleep for years and you never suspcted

[11:45] {bkhmd} yes i did

[11:45] {bkhmd} lol

[11:46] {Threei} other than my suspiciously bad typing

[11:46] {fernp} Today I am running Laser in windows 7. Works fine. fwiw :-)

[11:46] {strider} Vad is artistically reclined.

[11:46] {Threei} but I made a point to type just as bad in rare instances when I am awake

[11:46] {Threei} so you can't tell

[11:47] {Threei} fern, the early adopter

[11:47] {strider} fern, do you have a computer dedicated to just Laser?

[11:47] {Threei} I will switch to W7 in a few more versions, lol

[11:47] {fernp} yes

[11:47] {Les} sorry quick taxi trip

[11:47] {bkhmd} DOS rules eh VAD?

[11:47] {strider} I'm still on XP pro.

[11:47] {Les} yes I recognise consolidation break out.

[11:47] {Threei} lol

[11:48] {Threei} XP Pro 64 bit here

[11:48] {Threei} nice, smooth, fast

[11:48] {fernp} Yes I use widows xp 64 too

[11:48] {Threei} what else do I need

[11:48] {Threei} only when they stop supporting it will I consider change

[11:48] {Les} but if CAT had broken through to new highs, that would be chasing for you, would it Vad?

[11:48] {fernp} That happened a month ago, Vad

[11:49] {Les} yes here too. XP until no further support.

[11:49] {Threei} you mean if it broke that .333 area? yes, that would have been a whole lot of chasing

[11:49] {Threei} just as .10 or .20

[11:51] {magoo} SEED boss

[11:51] {magoo} nuts

[11:51] {strider} On Wednesday, however, Microsoft said consumers who still have Windows XP running after April 2009 will be entitled to five more years of "extended support."

[11:51] {strider} http://www.msnbc.msn.com/id/16805062/

[11:52] {bkhmd} awsomeeeeeeeeeeeeeee

[11:52] {Threei} toughie mags

[11:52] {Threei} no that crazy pace

[11:52] {fernp} Microsoft may have little choice but to support XP for an extended period since most of its business customers have not upgraded to Windows Vista.

[11:52] {Threei} that gives away the momo

[11:53] {fernp} Microsoft Pledges Windows XP Support Through 2014 http://www.informationweek.com/news/windows/operatingsystems/showArticle.jhtml?articleID=208800494

[11:53] {Threei} cool... 2014 it is

[11:53] {fernp} yeah

[11:53] {Threei} and if they continue making crappy new OSs, maybe even longer

[11:54] {strider} So MSFT will support XP two years after the end of the world...that's dedication to their product.

[11:54] {fernp} lol

[11:55] {fernp} im going to watch that movie tonight

[11:56] {Threei} do you like special effects fern?

[11:56] {fernp} yes

[11:56] {Threei} would you enjoy the movie that is entirely shot for them, and the plot is there only to stitch them together?

[11:57] {fernp} no, i get tired

[11:57] {Threei} hmmm

[11:57] {Threei} then you may not like it as much :)

[11:57] {Threei} but if you suceed in turning your brain off

[11:58] {Threei} and letting your eyes enjoy it

[11:58] {Threei} you wqill l,ove the movie

[11:58] {Les} so its like watching election campaign

[11:58] {fernp} I'll think only in the popcorns...

[11:58] {fernp} lol

[11:59] {Threei} it's a total eye candy

[11:59] {Threei} not mind candy though :)

[11:59] {fernp} i like movies like matrix, plot and effects

[11:59] {Threei} since I am very good at turning brain off, I enjoyed it very much

[12:00] {fernp} one of my favorites movies is The Game

[12:00] {Threei} with Douglas?

[12:00] {fernp} yeah

[12:00] {strider} oh, yeah....,me too, fern.

[12:02] {Threei} tough to pick absolute winner, many are good... but if I absolutely had to, it would probably be Once upon a Time in America

[12:02] {Threei} or Pulp Fiction

[12:02] {fernp} i like that one

[12:02] {fernp} the first

[12:02] {fernp} Once's upon...

[12:03] {ilana} that's my winner too

[12:03] {Threei} US Treasury and Fed to delay internet gambling ban effective date for 6 months to June 1

[12:03] {ilana} watched it 3-4 times and each time get it ifferently

[12:04] {Threei} true

[12:04] {Threei} one ofd those that you perceive differently over the years

[12:04] {Threei} actually, goes for both

[12:05] {Threei} BoA analyst comments on Dubai: markets may be overreacting, but the situation does have some broader implications (timing uncertain)

[12:05] {Threei} - "There is no doubt that this episode has hurt sentiment towards the Gulf, and UAE in particular, and this lack of confidence will make it very difficult for the UAE to issue new debt to finance the approx $21.2B of Dubai World debt maturing in the next three years. Whilst we think the reaction in the markets yesterday may have been an overreaction given the size and relative importance of Dubai to the global economy,

[12:05] {Threei} this episode does have some broader implications. It serves as a stark reminder as to just how sensitive global markets are to bad news, particularly on a thin tape. This will certainly make governments and central banks even more cautious about their stimulus withdrawal and the methods in which they choose to communicate the exit strategies to the market. The market action over the last two days shows that despite the outsized returns since the March lows the market remains ready and willing to punish mistakes."

[12:08] {Threei} US Obama Administration 'monitoring closely' the developments in Dubai situation - CNBC

[12:09] {Threei} lol... demosntrate first that you are capable of monitoring who enters your highly guarded state dinners

[12:09] {bkhmd} he was never in harm

[12:09] {bkhmd} lol

[12:10] {strider} AMZN short?

[12:10] {Threei} no way to tell...

[12:10] {Threei} fairly random

[12:11] {strider} descending triangle

[12:11] {Threei} more or less...

[12:11] {Threei} problem is,

[12:12] {Threei} while upper limit for stop placement is defined quite nicely

[12:12] {Threei} trigger for the tyrade is very fuzzy

[12:12] {Threei} so, we have second part:

[12:12] {Threei} "if stays below .50"

[12:12] {Threei} but what is the first?

[12:13] {strider} .20 looks pretty good to me. No?

[12:13] {magoo} depends also if IF mkt rips up into close or not

[12:13] {Threei} 30 cents stop?

[12:13] {Threei} and count on drop under 132?

[12:13] {strider} yeah

[12:13] {fernp} I told my wife that the film is not very good, and she has thrown me a shoe at head ... I think I'll go to watch it

[12:14] {Threei} and all this on a stock that pretty much depends on the market

[12:14] {Threei} was it a stiletto fern?

[12:14] {fernp} yes

[12:14] {Threei} cool

[12:14] {Threei} it's a very sexy way to die

[12:15] {bkhmd} with film are we talking about

[12:15] {fernp} but i've ... how is your word

[12:15] {Threei} stiletto thrown at your head by a woman with deadly accuracy

[12:15] {Threei} which takes us to another good movie: Kill Bill

[12:15] {bkhmd} then u would have to change ur name to one eye Vad

[12:15] {Threei} 2012, bk

[12:16] {fernp} i've eschewed the shoe is that correct? :-)

[12:17] {Threei} yes :)

[12:17] {Threei} now embrace the movie

[12:17] {strider} my dog eshewed my shoe once. Gave him hell for it.

[12:17] {fernp} lol

[12:18] {larisa} if market does not close under -200+, lets make vad wear stilettos all weekend :)

[12:18] {Threei} oh good, no tutu then

[12:19] {larisa} but it will, do not worry vad :)

[12:19] {Threei} well, but if it doesn't, cocnut bra for you?

[12:20] {larisa} no, too cold here

[12:20] {magoo} any read APWR vad?

[12:20] {Threei} down feels more probable mags but no setup that I see

[12:21] {magoo} wow..i thought up

[12:21] {Threei} ideally, I'd love it to come down to .50, consolidate a bit, then break it down

[12:21] {Threei} that would be the one I'd take

[12:22] {Les} today was informative. more time studying your setups vad in future, less thinking about money. Friends are around and the bottle open. have a good weekend.

[12:23] {Threei} larisa, what kind of excuse is that... can use fur lining

[12:23] {Threei} you too Les, have a good one

[12:23] {larisa} bye les :)

[12:23] {fernp} bye Les

[12:24] {magoo} bye les

[12:24] {Threei} I for one will have no problem wearing those stilettoes inside of fur jackboot

[12:26] {Threei} weather finally settles down here... sun second day in a row

[12:26] {fernp} gotta go. have a nice weekend everybody. See you all on monday

[12:26] {Threei} have fun fern, tell us how you liked the movie

[12:26] {fernp} i'll do

[12:28] {magoo} vad, look AMZN chart here

[12:29] {Threei} yes

[12:29] {bkhmd} later fern good weekend

[12:29] {Threei} held under .50, dropped

[12:39] {strider} thanks guys. I'm gonna take my 20 cents and go home........

[12:39] {strider} wait, I am home.

[12:42] {Threei} QLTI UPDATE: RBC Raised QLTI to Outperform from Sector Perform, price target: $6

[12:42] {Threei} I knew there was the reason we played QLTI

[12:42] {Threei} it's just the the reasin came after we profited from it

[12:42] {strider} No...I think your playing it resulted in the upgrade.

[12:42] {Threei} oh

[12:43] {strider} news travels fast.

[12:43] {Threei} so, all this hoopla turns out the storm in a teacup

[12:43] {Threei} at least for now

[12:43] {Threei} Dow -125

[12:43] {Threei} big deal

[12:44] {Threei} Monday will be more interesting

[12:44] {strider} yeah

[12:44] {strider} When the male hysterics get back to work.

[12:44] {Threei} lol

[12:44] {Threei} but again... 3 winning plays made the day worth coming in

[12:45] {strider} It did....even if I only got two of them.

[12:45] {strider} See y'all Monday......So long from appalachia.

[12:46] {Threei} have a good weekend

[12:46] {bkhmd} later Stride

[12:47] {magoo} we'll be out hunting next week vad so u know

[12:47] {Threei} have fun

[12:47] {Threei} bear?

[12:47] {Threei} deer?

[12:47] {magoo} deer now

[12:47] {Threei} cool

[12:48] {magoo} coolio lol

[12:48] {Threei} okay guys, let's have a nice relaxing weekend

[12:48] {magoo} ty

[12:48] {Threei} see you all on Monday

[12:48] {larisa} bye :)

[12:48] {bkhmd} thanks VAD

[12:48] {bkhmd} take care

[12:59] {larisa} 2 min to lose 50 points. go DOW :)

[12:59] {bkhmd} wow

[13:00] {larisa} lazy market! bye all! :)

Nov 25, 2009

Extremely low volume and narrow day where we struggled to find any trades. We elected to remain relaxed and a bit goofy... the result is just that - goofy, and the room voted to keep this log to ourselves. Happy Thanksgiving to all our readers!

Early bird registration discount for the Bahamas conference runs till November 30. Register here!

Nov 24 2009

Very narrow action with few setups. Just 4 official calls one of which was stopped. The rest of excitement was provided by momentum in SEED, AONE, JAZZ

Session Time: Tue Nov 24 00:00:00 2009

[08:04] {magoo} morning

[08:04] {Threei} mags, don't look at SEED

[08:04] {strider} morning magoo.....

[08:04] {magoo} now u know i have 2

[08:05] {magoo} hi stryd..how was yesterday?

[08:05] {Threei} you would be all over it yesterday

[08:05] {Threei} exactly your kind of play

[08:05] {strider} a little green here.......missed you.

[08:07] {BillyD} GM all

[08:07] {Threei} billy :)

[08:07] {BillyD} SEED non-stop

[08:07] {nemo} hello

[08:07] {Threei} nemo :)

[08:10] {Threei} US) Preview: Q3 Preliminary GDP Annualized and Personal Consumption due at 8:30 am

[08:10] {Threei} - GDP Annualized: +2.8%e v +3.5% prior (Analyst range from +2.4% to +3.5%)

[08:10] {Threei} - Personal Consumption: +3.2%e v 3.4% Prior (Analyst range from 2.7% to +3.4%)

[08:10] {Threei} (US) Preview: Q3 Preliminary GDP Price Index and Core PCE Q/Q due at 8:30 am

[08:10] {Threei} - GDP Price Index: 0.8%e v 0.8% prior

[08:10] {Threei} - Core PCE Q/Q: 1.4%e v 1.4% Q2 prior

[08:14] {nemo} ceph might be worth an eye today

[08:15] {strider} I held overnight from 54.00

[08:15] {nemo} nice...ight be a give back on the open though

[08:16] {strider} waiting for it to trade a bit more......may sell prior

[08:17] {strider} AMZN gapped up after strong day yesterday.

[08:17] {magoo} was yesterday a strong day?

[08:19] {BillyD} nickel and dime trades except for SEED Magoo

[08:22] {strider} MBTrading still the same.......issues a message: "Please do not trade out of erroneous positions." :)

[08:30] {Threei} *(US) Q3 PRELIMINARY GDP Q/Q ANNUALIZED: 2.8% V 2.8%E;

[08:30] {Threei} CORE PCE Q/Q: 1.3% V 1.4%E

[08:30] {Threei} PERSONAL CONSUMPTION: 2.9% V 3.2

[08:30] {Threei} *(US) Q3 PRELIMINARY GDP PRICE INDEX: 0.5% V 0.8%E

[08:32] {Threei} NSPH FDA Clearance to Update the Package Insert for Its Respiratory Virus Assay to Include Reactivity With Influenza A in Cultured Clinical Isolates Containing 2009 H1N1 Influenza Virus

[08:32] {Les} afternoon Vad.

[08:33] {Les} SEED still going

[08:33] {Threei} hi Les

[08:33] {bkhmd} morning all

[08:33] {Les} bk

[08:33] {Threei} TiVo Inc Signs audience research partnership deal with Google

[08:33] {Threei} - Entered into an audience research agreement with Google whereby Google will license and integrate TiVo television viewing data into its measurement of audiences for advertisements sold through Google TV Ads(TM) platform.

[08:33] {Threei} - Terms of the deal are not disclosed.

[08:33] {Threei} nk :)

[08:33] {Threei} bk

[08:39] {fernp} Good morning everybody

[08:39] {Threei} fern :)

[08:39] {nemo} hola

[08:39] {bkhmd} fern

[08:40] {fernp} hola a todos

[08:41] {Les} that's closer to french than I imagined fern - salut

[08:41] {Les} bonjour a tous

[08:45] {strider} Cat interview on CNBC, nemo

[08:47] {strider} AMZN retraced morning gap

[08:56] {strider} out CEPH, 1.03, small overnight

[08:57] {strider} not much pre-market in anything I see.

[08:57] {cosmo} CAT may be next major auto maker

[08:58] {cosmo} ever go out on a date in a bobcat?

[08:59] {strider} with a bobcat? uh-huh.

[08:59] {ese} morning

[09:00] {cosmo} NASCAR bobcat cup

[09:00] {magoo} alot of numbers at 10 am vad, keep in mind

[09:03] {Threei} ese :)

[09:03] {nemo} dude

[09:03] {Threei} 10:00 Oct Consumer Confidence (last 47.7), Oct Richmond Fed Manufacturing (last 7), Q3 House Price Index q/q (last -0.7%), Sept House Price Index m/m (last -0.3%)

[09:04] {ese} dude

[09:05] {ese} whats hot boys and girls

[09:05] {Les} Magoo, ciao, is SEED in play today?

[09:06] {BillyD} maybe WFC will break down today with some follow thru

[09:09] {dino} gm all

[09:09] {Threei} dino :)

[09:10] {magoo} definately watching SEED yes, but who knows, may be done..may be a short

[09:11] {strider} Brocade CEO denies it was up for sale, Reuters reports :

[09:12] {strider} so there you go.

[09:13] {Les} ADI up on earnings release but it may have found resistance at present price. 29 seems to be formidable barrier

[09:13] {larisa} gm :)

[09:14] {Threei} larisa :)

[09:14] {larisa} :)

[09:14] {nemo} lari :)

[09:14] {larisa} vad, nemo :)

[09:18] {ese} wonder if rimm has covered enough of the gap between 49.00 and 58.00

[09:18] {ese} any opinions

[09:18] {magoo} been a dog RIMM

[09:18] {ese} definitely

[09:19] {ese} was going going to buy 1k of it if it ever got to 50.00

[09:19] {Threei} worked like charm for our very firsat trade yesterday

[09:19] {ese} but don't trust it until it does

[09:20] {ese} ya noticed that

[09:20] {ese} was that yesterday or friday

[09:21] {ese} aye...sheesh......loosing track of time here

[09:22] {ese} lt

[09:23] {Threei} you do know who is on TV, right?

[09:23] {bkhmd} Melissa Lee?

[09:23] {nemo} Lindsey Lohan?

[09:24] {lasertrev} morning

[09:24] {cosmo} howdy doody?

[09:24] {ese} lol

[09:25] {strider} Mr. Bluster

[09:25] {magoo} i missed him vad, good to see (NOT)

[09:25] {cosmo} cosmo topper?

[09:25] {Threei} trev :)

[09:25] {ese} huh....whos mr bluster

[09:25] {strider} marionette on the Howdy Doody show.

[09:26] {strider} grumpy old guy.

[09:26] {bkhmd} Vads not grumpy

[09:26] {bkhmd} always

[09:26] {bkhmd} stop that strider

[09:26] {BillyD} Vad, anything stand out?

[09:26] {strider} I was in love with Princess SummerFallWinterSpring.

[09:26] {ese} ahhhh ya .......can barely remember it

[09:26] {Threei} aside of SEED and TIVO uduasl suspects only

[09:27] {Threei} usual too

[09:27] {BillyD} WFC gapping down thru resistance of .90 area

[09:27] {Threei} yeah, probably a short candidate at some point

[09:31] {Threei} Short Setup: WFC .85 break if stays under .95

[09:31] {Threei} as a first try

[09:33] {Threei} 1:1 will bwe half out for me

[09:33] {bkhmd} ty

[09:33] {bkhmd} out

[09:33] {fernp} out here TY

[09:34] {Threei} pesky scalpers

[09:34] {nemo} ty

[09:34] {Threei} SEED... that dive into .80- .90 was it but way too fast

[09:35] {Threei} FEED is trying to follow

[09:35] {Threei} who partiasls, WFC stop to above b/e

[09:36] {strider} amzn big dump

[09:37] {magoo} was just gonna say that stryder..nice pick up

[09:39] {Threei} SEED, .30-.40 zone should provide bounce

[09:40] {Threei} Case: US housing signs in CA are showing signs of stabilization

[09:40] {Threei} US) Preview: Nov Consumer Confidence due out at 10amET

[09:40] {Threei} **consensus expectation: 47.3e v 47.7 prior (most estimates range between 45-49)

[09:40] {Threei} US) Preview: Nov Richmond Fed Manufacturing Index due out at 10amET

[09:40] {Threei} **Consensus expectation: 8e v 7 prior

[09:41] {Threei} (US) Preview: Q3 House Price Index due out at 10amET

[09:41] {Threei} - QoQ: 0.3%e v -0.7% prior

[09:41] {dino} cbrl

[09:41] {BillyD} NLST

[09:41] {magoo} NLST

[09:41] {strider} out wfc last half flat

[09:43] {BillyD} just enough to stop WFC

[09:44] {strider} FAS not following qqqq up

[09:44] {Threei} watch SEED

[09:46] {Les} bullish falling wedge on FEED?

[09:47] {Threei} one more leg down SEED

[09:48] {Threei} Long Setup: SEED .45 break

[09:48] {Threei} ugh

[09:48] {Threei} ok

[09:49] {Threei} same setup

[09:49] {Threei} if stays above .30

[09:49] {Threei} 1:1

[09:49] {fernp} ty

[09:49] {BillyD} out ty

[09:49] {bkhmd} missed it

[09:49] {Threei} wow

[09:49] {Les} adrenalin rush cool ty out

[09:50] {Threei} gave ample time

[09:50] {strider} +.16 SEED

[09:50] {BillyD} it cane back and picked me up

[09:50] {Threei} twice

[09:51] {fernp} same here Billy

[09:51] {Threei} .30 - .40 bounce zone forecasted well in advance worked like charm

[09:51] {Threei} rare case with momo movers

[09:51] {Threei} WFC, mama

[09:52] {BillyD} yeah, WFC oh well, we had its weakness pegged though

[09:52] {BillyD} it barely hit 1:1 and barely hit trailing stop

[09:53] {Les} VAd, we looking at severe spy breakdown?

[09:53] {Les} sentiment seems somewhat negative...

[09:54] {Threei} so far yes

[09:54] {Threei} Long Setup: RIMM .40 break half lot

[09:55] {Threei} if stays above .30

[09:55] {strider} seed

[09:55] {fernp} numbers in 5min

[09:56] {Threei} invalidated

[09:56] {Les} tried to fade RIMM too quick for me

[09:56] {Threei} let's wait out this set of numbers, too many of them

[09:56] {bkhmd} consumer confidence and what else?

[09:56] {Threei} scroll up the floor

[09:57] {Threei} too many to repost

[09:57] {Threei} EUR/USD Dealer chatter the Consumer confidence data will be below the 47.3 expectations by a 'few points' prompting some risk aversion sentiment

[09:57] {Threei} - Whisper number is a 45 handle

[09:57] {bkhmd} ty

[09:58] {magoo} SEED should take v12

[09:59] {cosmo} NLST again....

[09:59] {cosmo} wants 7

[09:59] {ese} dino you have anything on your min up/dn 2.00 screen

[09:59] {Threei} *(US) NOV RICHMOND FED MANUFACTURING INDEX: 1 V 8E

[09:59] {dino} long, dltr, cbrl

[10:00] {ese} tks

[10:00] {Threei} US) NOV CONSUMER CONFIDENCE: 49.5 V 47.3E

[10:00] {ese} CC beats

[10:00] {bkhmd} Dino I was watchng DLTR whats ur entry

[10:00] {Threei} US) Q3 HOUSE PRICE INDEX Q/Q: 0.2% V 0.3%E

[10:00] {nemo} delusions win

[10:00] {strider} +.18 FAS

[10:01] {dino} fdo hl l .80

[10:01] {Threei} FDIC Deposit fund had negative $8.2B balance in Q3

[10:01] {Les} ouch

[10:03] {dino} confidence inspiring

[10:03] {BillyD} is that all the numbers??

[10:03] {Les} NLST ascending triangle?

[10:03] {cosmo} NLST salmon ladder @ 7 fwiw

[10:05] {strider} long FDO .77

[10:05] {strider} stop .69

[10:05] {Threei} is it not enough billy?? :)

[10:05] {BillyD} lol....

[10:06] {dino} ceph hl l .00 stop lod

[10:06] {cosmo} salmon ladders are like pivots

[10:06] {BillyD} want to know if the dust will be settling

[10:06] {BillyD} and not kicked up again

[10:06] {cosmo} or they should be...

[10:08] {strider} out FDO

[10:08] {strider} stop was too tight.

[10:08] {BillyD} if NLST can hold .90 area and take .05 may be worth half lot

[10:09] {BillyD} Big IF

[10:11] {strider} QQQQ broken yesterday's lows

[10:11] {dino} fwlt hl l .75 stop .48

[10:15] {ese} l ceph .81 pullback sm

[10:15] {Threei} Long Setup: RIMM .40 break half lot

[10:15] {Threei} daja vu

[10:15] {Threei} a=e

[10:16] {fernp} stop Vad?

[10:16] {Threei} if stays above .25 for invalidation

[10:16] {Threei} but if bounces from here, .30

[10:16] {fernp} thanks

[10:16] {ese} out ceph .71 stopped

[10:17] {ese} -.10

[10:17] {dino} sorry

[10:18] {ese} not apologizing to me i hope

[10:19] {ese} thought it had an even shot at bouncing....ala double bottom on 1min cht

[10:19] {Threei} 1:1 blinked for like nanosecond

[10:19] {fernp} ty I have my fill at .50. prited there?

[10:19] {ese} i was small....300shs......30bucks plus commis

[10:20] {dino} :)

[10:20] {Threei} it did fern

[10:20] {fernp} oh well, TY very much

[10:20] {Threei} ummm

[10:20] {Threei} why oh well??

[10:20] {fernp} well, UAAAAAU!!!!

[10:22] {cosmo} lots of bears at the ladder it seems

[10:23] {Threei} waiting for salmon to swim by

[10:23] {cosmo} easy pickings too

[10:25] {cosmo} bears eating them back

[10:27] {strider} QQQQ broken yesterday's lows

[10:27] {strider} wrong...post

[10:27] {strider} Rimm stop still at. 30?

[10:28] {Threei} yeah

[10:28] {Threei} it touched 1:1 twice by now

[10:28] {Les} Vad, 3rd time lucky b/o of NLST?

[10:28] {Threei} no exit?

[10:29] {Threei} doesn't look too encouraging to me, NLST

[10:29] {strider} dummy me...I was thinking it was a .15 stop.....I guess because of the 1`/2 lot.

[10:29] {strider} sigh.

[10:29] {cosmo} NLST bears getting full imo

[10:30] {ilana} can you explain why NLST doesn't look too encouraging

[10:30] {strider} Boy I sure blew that trade.

[10:30] {magoo} shake it off..NEXT

[10:31] {strider} :}

[10:31] {Threei} instead of making higher highs and higher lows, NLST makes both,

[10:31] {Threei} higher highs and lower lows

[10:31] {cosmo} high volume distribution .... churning behavior.....

[10:31] {Threei} expnading range

[10:31] {Threei} not my favorite way to say the least

[10:32] {Threei} shakes you out on both, breakouts and breakdowns,

[10:32] {Threei} and doesn't allow for range trade as range is broken both directions

[10:32] {Threei} solid 1:1 this time RIMM

[10:32] {strider} rub it in vad. :)

[10:33] {Threei} you dumped it?

[10:33] {strider} yep

[10:33] {bkhmd} stride ur stop of .30 wasnt taken out correct?

[10:33] {Threei} oh, it touched under .30... sheesh, sorry

[10:33] {bkhmd} oh

[10:33] {larisa} it did go under 30 for a sec

[10:33] {Threei} yes, I see it now

[10:33] {strider} re-do..re-do

[10:33] {nemo} seed broke support

[10:33] {strider} I think Trev had something to do with that.

[10:35] {bkhmd} thanks trev got it

[10:37] {dino} enoc

[10:38] {Les} seed almost ready to short

[10:38] {strider} interesting daily...enoc

[10:38] {nemo} nuva running

[10:38] {lasertrev} ok

[10:39] {dino} beat up yesterday nuva

[10:41] {BillyD} DRAM, a bit jumpy with spread

[10:41] {BillyD} daily look snice

[10:42] {strider} enoc doesn't believe in pullbacks.

[10:42] {Les} CAT rebounding like you pointed out yesterday Nemo?

[10:43] {nemo} Moth memory can't remember what I said, but when it broke above .60 was major support/resitance

[10:45] {Threei} here is what this market needs:

[10:45] {Threei} The best medical minds of the 16th century prescribed bloodletting as a means to "rebalance the body's humors"

[10:46] {cosmo} sweating works better

[10:46] {Les} we have that equivelant of medicine vad. today its called economics...

[10:48] {Threei} General Motors Corp Reportedly talks to sell Saab to Koenigsegg have fallen apart - CNBC

[10:48] {Threei} **Note: On 8/17, it was reported that Koenigsegg need to secure about $300M in funding to complete the transaction.

[10:48] {Threei} first Saturn, now Saab

[10:49] {Threei} how come no one wants to buy any of those excellent car lines GM collected over decades?

[10:49] {Threei} oh wait...

[10:49] {BillyD} same reason no one wants to buy the cars

[10:49] {nemo} funny...TCM still uses bloodletting, but you remove drops of blood from specific acupuncture points

[10:49] {Threei} scary thought... could be, just maybe... they are not... that excel... no,, I can't even finish that

[10:50] {Les} Saab's are ok. Rather quirky design though. A scandinavian thing...

[10:51] {Threei} maybe for Europe... here their sheer size is ridiculous

[10:51] {fernp} do u like TGT if breaks .50, Vad?

[10:51] {cosmo} the Sonit was my favorite

[10:52] {Threei} for a scalp, mayube...

[10:52] {Threei} if market jumps

[10:52] {fernp} ok

[10:52] {cosmo} sonnet

[10:52] {Threei} lukewarm to say honestly

[10:53] {Threei} just buy smart car cosmo... you know you want it

[10:53] {Threei} and you have no snow... one of two things that make it not so smart

[10:53] {Les} descending triangle on WFC?

[10:53] {fernp} i'll pass TGT

[10:54] {larisa} forget cars, sales of luxury yachts are up 200%. vad did you buy yours?

[10:54] {Threei} it just follows market tick by tick right now Les

[10:54] {Les} k

[10:54] {Threei} no significance to its own formation at this point

[10:55] {Threei} no larisa... those yachts I like are too high maintenance :)

[10:55] {Threei} require crew

[10:55] {dino} lol

[10:56] {Les} c&h aig?

[10:56] {BillyD} Vad, put Cap't Nemo to work

[10:57] {Threei} not really AIG

[10:57] {larisa} small boat painted brightly like they do in the Carribean will work too :) next to small house over there

[10:57] {Les} sorry. its following spy as well

[10:57] {cosmo} 1956 Saab Sonett I Super Sport might be a good investment about now

[10:58] {cosmo} http://1951kaiser.files.wordpress.com/2009/04/saab_sonett-red_56.jpg

[10:58] {larisa} AIG was worth a try off 34.30 support, but was so slow and paceless

[10:59] {ilana} SEED .95 breakdown with market drop?

[10:59] {ilana} late

[10:59] {nemo} see the break of the trend line on seed at 11.10 ilana?

[10:59] {Les} let's see if we get it at .80 trigger

[10:59] {Les} wow

[11:00] {Threei} if you are looking to short SEED, better do it at the points like nemo indicated

[11:00] {nemo} ouch!!!

[11:00] {larisa} lol

[11:01] {nemo} fell off my chair

[11:01] {ilana} lol

06[11:01] * Threei slaps nemo around a bit with a large chair - that same nemo just fell off

[11:01] {Threei} feeling better?

[11:01] {ilana} wouldn't it be too agressive?

[11:02] {Threei} it would,

06[11:02] * nemo nemo crawls in cave...closes door...grabs teddy...pulls blanket over head

[11:02] {Threei} but the point is:

[11:02] {Threei} this speed of decline cuts both ways,

[11:02] {nemo} especially on a stock everybody's watching

[11:02] {Threei} and if you short into vertical drop, it's very easy to get caught in hysterical counterspike

[11:02] {dino} seed drop

[11:03] {nemo} where you been dino?

[11:03] {Threei} first break of th uptrend though, even if you end uip on a wrong side carries way smaller stop

[11:03] {Threei} lol dino... that dial-up is really slow

[11:03] {dino} lol

[11:03] {nemo} I think he's using carrier pigeons

[11:03] {dino} i was in the future, sorry, just got back

[11:04] {Threei} did you bring tomorrow's WSJ?

[11:04] {larisa} whats AMZN price in the future?

[11:04] {larisa} lol vad

[11:04] {dino} wall st. was out of business. amzn was taken over

[11:04] {tomg} bce vad?

[11:05] {dino} and saturn is still losing $ for gm

[11:05] {Threei} way too narrow tom

[11:05] {Threei} 30 cents whole range

[11:06] {tomg} ty

[11:07] {cosmo} cien tests hod 12.42

[11:08] {ese} is it my imagination.....or is there really nothing going on......finding something to trade is like finding the perverbial needle in a haystack deal today

[11:08] {Les} HGSI making a new high

[11:09] {dino} ceph waking up now

[11:10] {ese} is it ever

[11:11] {dino} off of .00?

[11:12] {ese} hmmmmmm

[11:12] {Les} damn. seed not shortable IB

[11:12] {nemo} this is bounce area for seed les

[11:12] {ese} i'm watching the qqqq ...if it makes a break for it above 44....i'll go long ceph

[11:13] {dino} i'm going break of .00

[11:13] {ese} i'm in ..99

[11:14] {ese} changed my mind

[11:14] {ese} l ceph .99

[11:15] {Les} yeh i see yesterdays support. was looking for .5 but...

[11:15] {dino} don't woryy, les is more

[11:16] {nemo} bad....anyway...ceph been having real problems with 55

[11:16] {dino} you must luv walmart les, you get to use the 20 items or les line

[11:16] {nemo} wow dino...

[11:16] {Les} ?

[11:17] {ese} lol

[11:17] {nemo} dino's on fire today les

[11:17] {dino} you're les

[11:17] {Les} who's opposite dino?

[11:17] {Les} anyone?

[11:17] {nemo} he's in switzerland dino...doesn't see the commercials

[11:17] {dino} ahh, i see

[11:17] {Les} someone to hit Dino?

[11:17] {dino} ouch

06[11:17] * nemo slaps dino around a bit with a large dose of geographical awareness

[11:17] {BillyD} violent group

[11:18] {Les} who is it that works togethor?

[11:18] {Les} ese and mags?

[11:18] {dino} see, future again

[11:18] {ilana} what do you have the trout for?

[11:18] {nemo} dino and mags

[11:18] {dino} ouch before the slap

06[11:18] * nemo slaps ilana around a bit with a large trout

[11:18] {ese} whaaaaaa........i'm casual observer here

[11:18] {ilana} me??

[11:18] {Les} voila. mags, sic him!

[11:18] {BillyD} lol....u asked for it

[11:18] {nemo} don't be looking for fair here ilana

[11:18] {ilana} no, i told les about it

[11:18] {nemo} Nature is unkind...

[11:19] {ilana} yours?

[11:19] {nemo} whose?

[11:19] {Threei} nemo is not exactly a gentleman, you know

[11:19] {Les} how do you do that Nemo?

[11:19] {nemo} do what?

[11:19] {Les} the red script?

[11:19] {nemo} mirc

[11:19] {strider} AMZN?

[11:20] {nemo} below 133 strider, but this is bounce area

[11:20] {ese} casual observer and loosing money in ceph.......shoulda waited for the break......ah what the H......trading adrenalin hit

[11:20] {Threei} Long Setup: ILMN .60 if holding above .50

[11:21] {magoo} in

[11:21] {dino} may be better worlds than ceph

[11:21] {ese} IT"S A CALL.......quick everyone.......could be the last one of the day

[11:22] {magoo} roflol

[11:22] {Threei} oh come on... it's a 4th one today

[11:22] {nemo} he said last

[11:23] {Threei} no worky anyway

[11:23] {nemo} moight be db

[11:23] {ese} this board is just too goofy some days................................LOVE IT!!!!

[11:23] {magoo} anyway? it triggered

[11:23] {ese} ceph heading back to .00

[11:24] {dino} like a seesaw

[11:24] {ese} it'll break it dino....just a question of when

[11:24] {Les} goog consolidation?

06[11:24] * magoo slaps Les around a bit with a large trout

[11:24] {Threei} GOOG

06[11:24] * nemo slaps Les around a bit with a large trout

[11:24] {ese} 15 min chart is screamin it

[11:24] {Threei} no, really?

[11:24] {Les} ah no, spy follower

[11:25] {Threei} yeah, that's the only thing that is wrong with GOOG

[11:25] {Threei} lol

[11:25] {Les} that's pretty hard slapping there fellas

[11:25] {nemo} seed break of .90 stop under .70

[11:25] {nemo} ?

[11:25] {Threei} nah

[11:26] {BillyD} stocks seem to come within pennies today

[11:26] {magoo} i like ILMn off fitty

[11:26] {magoo} but it went

[11:26] {dino} maybe now

[11:27] {ese} come on ceph.....thats a good little stock now........

[11:27] {ese} ahhhhh even money

[11:28] {strider} Vad, why do you do half lots on some?

[11:29] {Threei} volatilitu

[11:29] {ese} .989912........what kind of flippin quote is that for time and sales

[11:29] {Threei} imagibe slippage on GOOG

[11:30] {ese} pausing dino

[11:31] {Threei} Short Setup: SEED .85 break

[11:31] {nemo} cat looking a tad precarious, might be a short of .60

[11:32] {Threei} if stays under .90

[11:33] {strider} Why was that a short?

[11:33] {ilana} ILMN eventually worked

[11:33] {Threei} it wasn't

[11:33] {Threei} it nevere triggered

[11:34] {strider} I know. but what made you call it as a short. ?

[11:34] {Les} ascending wedge?

[11:34] {Threei} minirange with support at .85

[11:34] {nemo} seed still might be setting up for short

[11:34] {bkhmd} I agree nemo

[11:35] {Threei} formed at the top (at the moment) of the bounce

[11:35] {magoo} i think SEED is a short and a long just about timing and levels

[11:35] {nemo} funny guy

[11:36] {ese} ceph p 125 in vads book........flatline at the high

[11:36] {ese} ahhhhh finally

[11:36] {ese} diiiinnnoooo??

[11:37] {ese} ok 1 more k to make this exciting

[11:38] {ese} daaaaaaaaa

[11:38] {nemo} big bid .90 on seed

[11:38] {larisa} scalping wise it is not a short now imo. pullback into .70 at 11.23 was a long entry on downtrend break. no?

[11:38] {larisa} on SEED

[11:38] {dino} i'm here and in

[11:39] {nemo} long or short dino?

[11:39] {dino} l

[11:39] {dino} ceph that is

[11:40] {nemo} oh

[11:41] {nemo} larisa, see that big order at .85, that's right on the 200, would be a stop for me

[11:41] {Threei} CEPH is amazingly narrow for such a dump itr went throuigh

[11:42] {nemo} might be the week vad

[11:42] {Threei} short week you mean?

[11:43] {larisa} i do not look for those nemo, but double top over 11 gave a signal :)

[11:43] {nemo} yeah nobody around tomorrow or friday

[11:43] {nemo} computers trading computers

[11:43] {Les} people take weekend from Wednesday?

[11:44] {nemo} half day tomorrow and friday les

[11:44] {Les} markets too?

[11:44] {larisa} tomorrow half?

[11:44] {Threei} no

[11:44] {nemo} cat on the verge of short, no volume indication

[11:44] {nemo} open all day, but how many people gonna' be there?

[11:44] {Threei} but I am debating whether it's worth even waking up on Friday

[11:44] {BillyD} it is Vad, to eat more

[11:45] {Les} Vad GS good for .10 short?

[11:45] {Threei} ok... I'll give you that... but what about trading? :)

[11:45] {larisa} lol

[11:45] {Les} what, you wanna take the day off?

[11:45] {BillyD} lol

[11:45] {Threei} .10?

[11:45] {Threei} GS?

[11:46] {Les} from its area of consolidation down to previous low

[11:46] {Les} but too late

[11:46] {nemo} cat short under .50...but...pivot s1 at .46

[11:46] {Threei} Les... what price do you have for GS??

[11:46] {dino} crmt salmon

[11:47] {strider} looks like an exploded salmon

[11:47] {Les} ah no Vad. .10 profit target. not trigger price

[11:47] {Threei} lol

[11:47] {Threei} how am I supposed to evaluate the trade with no setup

[11:47] {Les} sorry. will use trigger price in future

[11:47] {strider} How can you possibly make any sense out of that chart, dino? :)

[11:48] {Les} k

[11:48] {nemo} he does it all the time strider...rorschach tests are Dino's specialty

[11:48] {strider} Ah, you're looking at 15 m in. or so.

[11:49] {magoo} iis friday half day?

[11:49] {dino} chart says up, whats to know

[11:49] {strider} dino, you da man

[11:49] {fernp} Friday markets close at 1 pm

[11:50] {Threei} 11:47] {strider} looks like an exploded salmon

[11:50] {Threei} rofl

[11:50] {Threei} I just looked

[11:51] {Threei} salmon that swallowed the grenade

[11:51] {dino} i'm a simple guy thats all

[11:52] {strider} haha

06[11:53] * strider slaps ese around a bit with a large copy of p.125 of Vad's book.

[11:55] {nemo} geez...volumes actually pretty good today

[11:55] {nemo} whoa...crude under 76

[11:56] {dino} gco strange

[11:57] {Threei} Long Setup: SEED .90 break

[11:57] {Threei} if holding above .80

[11:59] {strider} FAS dbl bottom

[12:00] {ese} ST.....didn't see the slap ....was reading vads book........

[12:00] {strider} :)

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

[12:00] {Threei} - NYSE volume 370M shares, about 24% below its three-month average; decliners lead advancers by 2.7:1.

[12:00] {Threei} - NASDAQ volume 865M shares, about 13% below its three-month average; decliners lead advancers by 2.3:1.

[12:00] {Threei} - VIX index -1.3% to just under 21.00

[12:00] {ese} ahhhhhhh and it's another call!!1

[12:01] {Threei} wow... must be a good book, people endure physical violence not noticing it

[12:01] {BillyD} maybe short SEED on .80 here

06[12:01] * Threei thinks of suggesting his book to surgeons as anestetic

[12:02] {strider} nah, give em Farley's book for that.

[12:02] {nemo} nahhh...sharp edges

[12:03] {fernp} invalidated SEED for two cents?

[12:03] {Les} no its hardcover. very good for defence

[12:03] {ilana} let;s flip a coin

[12:04] {nemo} becomes discretionary

[12:09] {nemo} jeez, ceph just doesn not want to go above 55

[12:10] {ese} yaaaaa driving me nuts

[12:10] {nemo} ese...that's impossible

[12:11] {ese} whaaaaaaaaa

[12:11] {nemo} (you're already there :))

[12:12] {ese} ahhhhh I represent that remark

[12:12] {nemo} I realize it's the pot calling the kettle black..but...takes one to know one

[12:12] {ese} the longer ceph bumps up against 55 the farther it will go once it gets through

[12:13] {larisa} vad, you can kick nemo

[12:13] {nemo} well, the FW 200 period and vwap are moving up...they're both at .90

[12:14] {Les} lol

[12:14] {larisa} why so much attention to CEPH, it is dead? let it wake up first

[12:14] {larisa} or somebody in?

[12:15] {Threei} does the reason for the kick appear on main screen?

[12:15] {larisa} I have all comments off, so not for me

[12:15] {Les} yes

[12:16] {Les} jcp bounce coming?

[12:16] {Threei} it's so narrow

[12:17] {Threei} even if yes, what to count on... 5 cents?

[12:17] {Les} hmm. trawling through S&P charts. like digging up tombs...

[12:17] {strider} amzn break of .30?

[12:17] {strider} long

[12:17] {Les} nothing alive

[12:17] {Threei} lol, nemo, you are not on autoreconnect??

[12:18] {nemo} yeah, I closed the discussion window, so I just shut it down and restarted

[12:19] {ese} afreed laris

[12:19] {nemo} cat short .69?

[12:19] {ese} thats agreed

[12:19] {nemo} or short at top of pullback?

[12:19] {BillyD} range is so small hard to do anything right now

[12:19] {nemo} then again, it's only .07 to support

[12:20] {Threei} market is locked in a very narrow range - and so are all these stocks

[12:20] {Threei} until we get direction again, all these trades are just 50/50 coin toss

[12:20] {BillyD} unless you trade SEED, it expands its range

[12:20] {larisa} lol

[12:27] {Threei} (US) President Obama: Plans to announce new Afganistan strategy soon (related EUR/USD GLD )

[12:27] {Threei} reminds me Charlie Harper's dialoh with one-night-stand who asks him when he is going to call her

[12:27] {Threei} soon

[12:27] {Threei} how soon?

[12:27] {Threei} very soon!

[12:28] {Threei} SEED suddenly decided to go

[12:28] {magoo} if the players get looking for something to do here.....SEED

[12:29] {nemo} only table with action

[12:31] {dino} got booted

[12:31] {Threei} here is one Afghan strategy: get out of there

[12:31] {nemo} ese, still in ceph?, should bounce here

[12:31] {dino} anyway, hl l gco .25

[12:31] {dino} y

[12:32] {Threei} that was atrange dino... you had big ping delay (over 2 min) but magoo was fine

[12:32] {nemo} and magoo's the surfer

[12:32] {BillyD} magoo put a hairline cut in dino's cable

[12:32] {Threei} and spiked his beer?

[12:33] {dino} dk

[12:33] {nemo} rufies?

[12:33] {Threei} yikes

[12:33] {magoo} vad, any thoughts on SEED?

[12:33] {dino} they grow

[12:33] {Threei} feels to me like getting ready for momo resumption

[12:33] {nemo} ba da bum

[12:33] {Threei} lol

[12:33] {nemo} seed

[12:33] {nemo} duh

[12:33] {nemo} nevermind

[12:36] {Threei} annual drama resumes

[12:36] {Threei} GAZP.RU Announces it will cut supply of natural gas to the Ukraine to 33.75B cubic meters in 2010

[12:37] {dino} annual thing

[12:37] {Threei} yep

[12:37] {Threei} blackmailing Europe

[12:37] {Threei} with that funny refrain "we are too civilized to use natural gas as a weapon"

[12:38] {Threei} Preview: minutes of the Nov 4 FOMC meeting to be released at 14:00ET

[12:38] {Threei} **in a unanimous vote on Nov 4, the FOMC held rates again at 0.25% and maintained its pledge to hold rates exceptionally low for an "extended period." In its policy statement, the FOMC reduced its agency debt program to 'about' $175B from $200B and stated:

[12:38] {Threei} - Economic activity "has continued to pick up."

[12:38] {Threei} - Businesses still cutting back on fixed investment and staffing, yet at lower pace

[12:38] {Threei} - Household spending seems to be expanding; spending affected by job losses and tight credit; lower housing wealth.

[12:38] {Threei} - Economic slack and low inflation justify low rates.

[12:38] {Threei} - To gradually cut the pace of agency debt and MBS purchases (to purchase total $1.125T of agency mortgage backed securities); expects completion by Q1 2010.

[12:39] {Threei} also,

[12:39] {Threei} Preview: Treasury's $42B 5-year note auction results due just after 1PM ET

[12:39] {Threei} - $42B auction size is a $1B increase from Oct

[12:39] {Threei} - prior bid-to-cover ratio 2.63 with an average of 2.28 over the last 10 auctions

[12:39] {Threei} - indirect bidders took 54.8% of competitive bids at last auction with 2.81% alloted at the high

[12:39] {Threei} - When Issued notes currently yield 2.18% which is roughly 4 basis points higher than the cash market

[12:39] {Threei} maybe some day I'll learn to interpret results of these auctions

[12:43] {ese} one breif shinning moment .......again

[12:43] {ese} brief

[12:45] {ese} auch du miya........

[12:46] {nemo} hey ese...you practicing threeish?

[12:46] {ese} threeeish?

[12:46] {nemo} [12:43] {ese} one breif shinning moment

[12:47] {ese} 3i?

[12:47] {nemo} yeah

[12:47] {ese} lol........ahhhhhh ya.....ya ya thats it

[12:47] {larisa} or 3e :)

[12:47] {Threei} you don't practice it... it either comes to you as a beam of shining hope through the dark heavy clouds of worldwide misery... or you are pretty much screwed

[12:48] {larisa} no, you still can spell and be happy at the same time:)

[12:48] {ese} indeed

[12:49] {larisa} dino, we still waiting for the pullback under 10k or pattern is broken?

[12:50] {larisa} he is checking it in the future :)

[12:51] {ilana} no, he simply didn't get the message yet :-)

[12:52] {dino} i think we go to 9900s by end of month or early dec.. but what do i know

[12:53] {larisa} ok

[12:53] {dino} 400-600 pt pullback are the pattern

[12:54] {larisa} if we shoot up from these levels without good pullback, I will learn treeish

[12:54] {larisa} caz it is equally crazy

[12:59] {Threei} I really hope you are right dino

[12:59] {Threei} we need ranges to widen

[12:59] {Threei} these long periods of freeze become tiresome

[13:00] {nemo} open the bottle

[13:00] {Threei} I am not as anxious as magoo, but even I want more action

[13:00] {Threei} nemo, this comment you just started typing

[13:00] {strider} ese, you're an old song and dance man....entertain vad for awhile.

[13:00] {Threei} don't even think about it

[13:01] {Threei} strider, here is the problem with that concept:

[13:01] {Threei} ese demands shishkebab for that

[13:01] {Threei} and I end up the entertaining one {G}

[13:01] {strider} hmmm....

[13:02] {dino} i agree vad, lately we stop moving after the first 30 minutes or so

[13:02] {strider} nemo...break out the bottle.

[13:02] {Threei} TREASURY'S $42B 5-YEAR NOTE AUCTION DRAWS 2.175%; BID-TO-COVER RATIO: 2.81 V 2.63 PRIOR AND 2.28 AVG OVER THE LAST 10 AUCTIONS

[13:02] {Threei} - indirect bidders take 60.9% of competitive bids with 67.3% alloted at the high

[13:02] {Threei} - median 2.%, low 2.%

[13:03] {Threei} mind you, I know that in order to get more action I need to get out more.... but my wife somehow objects every time I broach the subject

[13:03] {larisa} do not listen to her

[13:03] {nemo} don't understand her reticence...

[13:03] {larisa} lol

[13:05] {bkhmd} Vad what type of action are you talking about?

[13:05] {Threei} market action of course

[13:05] {bkhmd} perhaps u need to listen to wife lol

[13:06] {bkhmd} lol

[13:06] {Threei} but with nemo around, you have to consider unexpected angles

[13:06] {bkhmd} thats why i asked

[13:12] {magoo} nemo certainly has taken the focus off of magoo:)...its nice for me

[13:13] {strider} A break to the upside here might get a little more action.

[13:13] {magoo} AONE

[13:13] {Threei} don't worry mags

[13:13] {Threei} won't take long to switch back

[13:13] {Les} RweIN? (TM)

[13:14] {Threei} no news AONE

[13:15] {dino} zzzzzzzzzzzzzzzzzzzzzz

[13:15] {strider} A123 Systems project part of 32 granted funding by Department of Energy

[13:15] {strider} A123 Systems will receive $5M of Recovery Act funding to install 20 community energy storage units into a system that includes a 1 MW storage device integrated into a solar system.

[13:16] {Les} wow. from the ascending triangle that news was all AONE to go to the moon

[13:16] {Les} needed to go to the moon

[13:17] {strider} I want to subscribe to the news that our news sources use.

[13:21] {Threei} AONE Strength being attributed to DOE's list of projects in smart grids (15.81, +1.28, 8.81%)

[13:21] {Threei} 5M is nothing for AONE

[13:21] {Threei} this news is just an excuse for traders to remember about formely hot one

[13:21] {Threei} nemo, don't even think about it

[13:22] {Threei} - Specifically; Detroit Edison was awarded $5M for Detroit Edison's Advanced Implementation of A123s Community Energy Storage Systems for Grid Support - Demonstrate the use and benefits of Community Energy Storage (CES) systems for utilities and test the ability to integrate secondary-use electric vehicle batteries as part of the CES demonstration.

[13:22] {nemo} I was looking at cat as a short, wasn't thinking about anything

[13:24] {strider} gotta go.......see y'all tomorrow.......I'm expecting a lot of action.

[13:24] {fernp} bye strider

[13:24] {magoo} bye stry

[13:24] {bkhmd} market action right strider?

[13:24] {Threei} take care strider

[13:24] {bkhmd} take care

[13:24] {strider} :)

[13:26] {dino} cya stride

[13:27] {dino} wall of china at .00 ceph

[13:30] {nemo} pru strong today

[13:32] {BillyD} ILMN strong

[13:35] {bkhmd} too much action Vad can u slow this market down lil?

06[13:36] * nemo slaps bkhmd around a bit with a large trout

[13:39] {fernp} QQQQ is halted? T/S doesn't show activity :-)

[13:40] {nemo} no, it's just so frickin' slow today

[13:41] {Threei} SEED decent drop

[13:42] {magoo} more like "indecent"

[13:43] {bkhmd} yea i had my eye on s break of 92 and the pizza guy rings bell come back and its gone

[13:44] {nemo} cat slowly climbing

[13:45] {fernp} very expensive pizza, bk

[13:45] {Threei} pizza guys are evil

[13:45] {Threei} even worse than cable guys

[13:45] {bkhmd} and its not even my favorite

[13:45] {fernp} lol

[13:46] {Threei} not favorite guy?

[13:46] {fernp} or cable?

[13:46] {bkhmd} ur sick today vad man

[13:46] {Threei} I am bored :)

[13:46] {Threei} whole day, 4 trades

[13:46] {Threei} well, half day

[13:46] {bkhmd} first u want action outside the house now u want my pizza guy?

[13:46] {bkhmd} lol

[13:46] {bkhmd} lol

[13:47] {Threei} nah, keep the guy

[13:47] {bkhmd} lol

[13:47] {Threei} but if you still have pizza, magoo, dino and I are on our way

[13:47] {bkhmd} plenty here mushroom only

[13:47] {Threei} no meat?

06[13:47] * Threei cancels airttickets

[13:47] {dino} garbage

[13:48] {bkhmd} wife is veggie girl

[13:48] {Threei} wow...

[13:48] {magoo} i like veggie pizza..also like meat lovers

[13:48] {Threei} Preview: minutes of the Nov 4 FOMC meeting and updated Fed staff economic forecasts to be released at 14:00ET

[13:48] {Threei} **today's minutes may include further discussion of the Fed's testing of repo programs, and could also inlcude talk from inflation hawks worried about the size of the balance sheet. But such hawkish talk may be discounted on the heels of an unexpected large rise in the unemployment rate to 10.2% a few days after the FOMC meeting. Since then, Fed Chairman Bernanke delivered a dovish speech (last Monday) that might dampen the impact of any more hawkish tone in today's minutes.

[13:49] {bkhmd} IMHO Pizza Hut Supreme cant be beat

[13:49] {magoo} really dont like pizza hut

[13:49] {Threei} there are a lot of things I could forgive women for... but being a veggie is not among them

[13:49] {magoo} now i feel like pizza for tonite

[13:50] {bkhmd} whats that

[13:50] {Threei} unless you interpret veggie like I do when I say:

[13:50] {Threei} if you are what you eat, then cow is a vegetarian

[13:51] {bkhmd} lol

[13:51] {Threei} thus a vegetable

[13:51] {dino} lol, going there tonight

[13:51] {Threei} thus I am one too

[13:51] {bkhmd} anti?

[13:51] {bkhmd} oops wrong window

[13:53] {fernp} SEED db?

[13:53] {Threei} or breakdown

[13:54] {Threei} toss a coin

[13:58] {magoo} AONE resumes

[13:58] {BillyD} yeah, took it .10 to .31

[13:59] {magoo} im in .00

[13:59] {BillyD} I missed it there

[13:59] {BillyD} too late

[13:59] {magoo} trying for .40 area

[14:00] {Threei} MINUTES OF THE NOV 4 FOMC MEETING: SAW DECLINE IN USD WAS ORDERLY; LOW RATES MAY CAUSE EXCESSIVE RISK TAKING

[14:00] {Threei} Wary of falling USD and impact on inflation

[14:00] {Threei} - Economic Forecast:

[14:00] {Threei} - 2009 GDP (-1.5 to -1% prior)

[14:00] {Threei} - 2010 GDP (2.1-3.3% prior)

[14:00] {Threei} - 2011 GDP (3.8-4.6% prior)

[14:00] {Threei} - Unemployment: 2009 (9.8 to 10.1% prior)

[14:00] {Threei} - 2010 (9.5-9.8% prior)

[14:00] {Threei} - 2011 (8.4-8.8% prior)

[14:01] {Threei} - PCE inflation: 2009 (1.0-1.4% prior)

[14:01] {Threei} - 2010 (1.2-1.8% prior)

[14:01] {Threei} - 2011 (1.1-2.0% prior)

[14:01] {Threei} - Core PCE: 2009 (1.3-1.6% prior)

[14:01] {Threei} - 2010 (1.0-1.5% prior)

[14:01] {Threei} - 2011 (0.9-1.7% prior)

[14:02] {magoo} out ..27 ty vad

[14:02] {Threei} this PCE forecast screams "rates remain low for quite a while"

[14:03] {Threei} hmm?

[14:03] {Threei} why me?

[14:03] {magoo} why not?

[14:03] {BillyD} it's Thanksgiving week Vad

[14:03] {Threei} oh

[14:03] {Threei} okay then

[14:03] {bkhmd} did i miss a call?

[14:03] {bkhmd} Mibbit acted funny had to restart

[14:04] {ilana} do you exchange setups in PM? :-)

[14:05] {magoo} no, we were independent billy and i

[14:05] {Threei} yes but I send magoo only losing ones

[14:05] {magoo} i didnt know he was in

[14:05] {ilana} that;s why he said thank you....

[14:05] {Threei} I suspect he broke my code though and sstarted tgrading them in opposite direction

[14:08] {Threei} Market Internals update at 2:00pmET

[14:08] {Threei} - NYSE volume 515M shares, about 26% below its three-month average; decliners lead advancers by 2.7:1.

[14:08] {Threei} - NASDAQ volume 1.18B shares, about 18% below its three-month average; decliners lead advancers by 2.5:1.

[14:08] {Threei} - VIX index -1.75% to just under 21.00

[14:09] {magoo} i hit A1 again

[14:09] {magoo} looking fo .47

[14:09] {Threei} looks like getting ready to attack .50

[14:11] {magoo} wow..its gwetting fast hre

[14:13] {magoo} keep missing AMZN

[14:14] {magoo} stalk it...forget it...POW

[14:16] {dino} lol, uncle buck on e channel

[14:22] {fernp} I'm not trained to withstand this stress. I need to rest. Have a good evening everybody. See you all tomorrow

[14:22] {dino} cya fern

[14:22] {bkhmd} later fern

[14:23] {magoo} fern:)

[14:24] {Les} Vad. amzn short .70 break?

[14:24] {Les} forget it

[14:24] {Threei} doesn't look right to me

[14:24] {Threei} oh come on fern

[14:24] {Threei} suffer with us

[14:25] {Les} I'm suffering with nice bottle of Argentinian Malbec...

[14:25] {fernp} i'm gone

[14:25] {Les} SEED b7d

[14:25] {Les} b/d

[14:25] {Les} later fern

[14:26] {dino} and magoo's suffering....from a hangover

[14:26] {Threei} SEED break looks attractive to me

[14:26] {Threei} I just want a little consolidation

[14:26] {Threei} not such drop into suppport

[14:26] {Les} for a short?

[14:26] {Les} or bounce

[14:26] {magoo} breakdown u mean? or long?

[14:27] {Threei} breakdown

[14:27] {Threei} was eyeing .50

[14:27] {Threei} but not on vertical drop

[14:27] {Les} I can't short seed

[14:28] {Les} will try again

[14:28] {magoo} still in A1

[14:30] {magoo} waiting .88

[14:32] {Les} amzn bounce from here?

[14:32] {ilana} amzn

[14:32] {ilana} oops

[14:33] {Les} lots of eyes watching. what I like about being here...

[14:34] {Les} pack of wild Ukrainian wolves, searching for next meal

[14:34] {Threei} ugh... bounce into .50 was it SEED... missed it

[14:34] {magoo} out A1 ,87 ty vad

[14:34] {BillyD} gj magoo

[14:34] {bkhmd} gj magoo

[14:35] {Les} amzn vad?

[14:36] {Threei} looks like breakdown to me

[14:37] {Threei} but no precise setup

[14:37] {ilana} SEED is like its twin

[14:39] {magoo} jazz

[14:39] {Threei} (US) House Democrats are drafting a 0.25% tax on financial transactions, aiming to raise $150B/year - thehill.com

[14:39] {Threei} - Under a bill being drafted by Democratic Reps. Peter DeFazio (Ore.) and Ed Perlmutter (Colo.), the sale and purchase of financial instruments such as stocks, options, derivatives and futures would face a 0.25% tax.

[14:39] {Threei} - The bill, a copy of which was obtained by The Hill, is titled the "Let Wall Street Pay for the Restoration of Main Street Act of 2009."

[14:39] {Threei} - Half of the $150 billion in tax revenue would go toward reducing the deficit, while the other half would be deposited in a job creation reserve to support new jobs.

[14:39] {Threei} ***Insight: A Tobin tax is the suggested tax on all trade of currency across borders. Named after the economist James Tobin, the tax is intended to put a penalty on short-term speculation in currencies. The original tax rate he proposed was 1%, which was subsequently lowered to between 0.1% and 0.25%

[14:40] {dino} jazz

[14:41] {Threei} rumors?

[14:41] {Threei} I don't have anything on it

[14:44] {magoo} aig

[14:45] {nemo} no rhyme or reason to these breakouts

[14:46] {Threei} just roll the dice what's next

[14:46] {Threei} like say... DNDN?

[14:46] {magoo} in

[14:46] {magoo} ;lol

[14:46] {Threei} lol

[14:54] {magoo} vad rread on A1?

[14:55] {Threei} looks like next leg starts

[14:56] {magoo} yup

[14:56] {Threei} to about .30 -.35

[14:57] {ilana} SEED could be .20 breakdown?

[14:57] {Threei} can't tell

[14:57] {Threei} I jhave hard time reading its breakdowns

[15:01] {Threei} (US) State of California launches prelim draft regulation for greenhouse gases cap and trade; designed to start in 2012

[15:01] {Threei} - Legislation to potentially include transport; home and heating oil along with other CO2 sources.

[15:01] {Threei} - Preference is for autioning CO2 allowances.

[15:02] {Threei} csomo... what are you doing

[15:03] {BillyD} JAZZ may not e done

[15:03] {BillyD} be

[15:04] {Threei} Long Setup: JAZZ .10 break

[15:07] {bkhmd} stop 8?

[15:07] {ilana} if stays above 8?

[15:07] {Threei} yup

[15:11] {BillyD} JAZZ had that look for a moment

[15:12] {Threei} sure did

[15:12] {Threei} then shrugged, wilted and died

[15:12] {BillyD} oh well, there is always SEED to watch.....puke, puke

[15:13] {larisa} lol

[15:14] {Les} aig short .80?

[15:14] {bkhmd} yep

[15:14] {bkhmd} ;p;

[15:14] {bkhmd} lol

[15:14] {Les} going going gone

[15:15] {bkhmd} look at the trend line

[15:17] {Threei} here it iks back into trigger

[15:17] {Threei} iff you believbe into it, this is the chance

[15:17] {nemo} what? aig

[15:17] {Threei} yez

[15:17] {nemo} wow

[15:20] {Les} jazz is dead duck

[15:23] {dino} you want dead d7ucks, look at fdo and ceph, sheesh, all day and nothing

[15:24] {dino} looks like a heart failure

[15:24] {nemo} ceph just spiked both ways

[15:25] {bkhmd} Rimm is always good for something at this time of day

[15:26] {bkhmd} Vad reach into ur box of tricks and pull something out

[15:27] {dino} gco to .60

[15:27] {magoo} A1

[15:28] {Threei} I did

[15:28] {Threei} 14:55] {Threei} looks like next leg starts

[15:28] {Threei} [14:56] {magoo} yup

[15:28] {Threei} [14:56] {Threei} to about .30 -.35

[15:30] {dino} fdo to .93

[15:32] {dino} gco tighten to .69

[15:34] {dino} out gco .68, +.43

[15:41] {dino} out fdo .03, +.23

[15:43] {bkhmd} good night all

[15:45] {Threei} take care bk

[15:45] {dino} cya bk

[15:54] {Threei} what do you know... SEED wasn't dead

[15:56] {Threei} 10 points range NQ for the most of the day

[15:57] {Threei} 15 overall

[15:58] {Threei} okay guys, thank you all

[15:58] {nemo} cya...won't be back until next week...might check in tomorrow though...wouldn't want you guys to miss one day of my tremendous wit.

[15:58] {Threei} have a good evening

[15:58] {Threei} see you tomorrow

[15:58] {dino} out ceph .94 m-.06

[15:58] {larisa} bye :)

[15:58] {Les} night all

[15:59] {dino} out crmt .67, +.60 swing

[16:00] {Threei} wtg

[16:00] {BillyD} GN all

[16:00] {dino} thx

[16:04] {dino} gn all, gotta hop

[16:08] {Threei} NVIDIA Corp U.S. Patent Office Rejects All 17 Claims in Three Rambus Patents Asserted Against NVIDIA in International Trade Commission

[16:08] {Threei} - U.S. Patent and Trademark Office (USPTO) has rejected all 17 claims in three Rambus patents that the company had asserted against NVIDIA in the International Trade Commission (ITC).

[16:08] {Threei} - The action, known as filing an action closing prosecution, follows preliminary rejection of the claims earlier this year by the USPTO.

[16:13] {magoo} ty