Tuesday, November 23, 2010

Nov 23 2010

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100% day with 4 wins out of 4 calls - but required so much patience, as activity died down after the opening rush. Rather normal for a short week though.



Session Time: Tue Nov 23 00:00:00 2010
[08:26] {Threei}  (KS) Japan chief sec Sengoku: North Korean attacks are unforgiveable; condemned by Japan
[08:31] {Threei}  *(US) Q3 PRELIMINARY GDP PRICE INDEX: 2.3% V 2.3%E; CORE PCE Q/Q: 0.8% V 0.8%E (related SHY TLT EUR/USD SPY USD/JPY )
[08:31] {Threei}  *(US) Q3 PRELIMINARY GDP Q/Q ANNUALIZED: 2.5% V 2.4%E; PERSONAL CONSUMPTION: 2.8% V 2.5%E (related SPY EUR/USD TLT USO IYM USD/JPY )
[08:45] {Threei}  Euro vs US Dollar German Chancellor Merkel: Euro is in an 'exceptionally' serious situation; Germany must continue with budget austerity
[08:45] {Threei}  "exceptionally serious" = deathbed
[08:46] {ese} morning....back from a knock out yesterday...some goof slid into a telephone pole here
[08:46] {Threei}  ese :)
[08:46] {Threei}  so, let's talk about bad areas, shall we
[08:46] {Threei}  no snow on the road here
[08:46] {ese} morning....i see there are other idiots around the world as well
[08:46] {Threei}  at all
[08:46] {Threei}  some powder on the grass
[08:47] {ese} NONE!!!!!!
[08:47] {Threei}  wife was very surprised yesterday when ballet studio phoned to say they canceled exams she was to play for
[08:48] {ese} sheesh it was like there was a major crisis here in the city
[08:49] {ese} out italian lessons got cancelled/ both my kids schools closed for the afternoon
[08:49] {ese} our
[08:49] {ese} what would these people do if they moved to Saskatchewan manitoba Alberta.....ontario....my goodness
[08:51] {Threei}  hehe
[08:51] {Threei}  well, to be fair, this snow is very different from what we had in Winnipeg
[08:51] {dino} gm all
[08:52] {jfjf64} mornin all
[08:52] {ese} it's more wet.....no biggies to drive in
[08:52] {Threei}  dino, jf :)
[08:52] {ese} dino jf
[08:52] {jfjf64} ese
[08:53] {Threei}  more wet, more slippery, and winnipeg is FLAT... here, it's all up and down
[08:53] {jfjf64} snow  yuk
[08:53] {dino} so n korea is up to its yearly extortion game. give us $500 million in oil, we stop this. the more things change...
[08:53] {Threei}  yuk is right
[08:54] {ese} someone needs to lob a couple of nukes in there and just get it over with
[08:55] {RonS} gm all...careful ese, the fallout would extend to your area...
[08:55] {Threei}  ron :)
[08:55] {ese} I always thought that syphilys killed you sooner than this......this guy just keeps hanging on
[08:56] {ese} ron
[08:56] {dino} lol
[08:57] {ese} vad and I have had to deal with the nuclear fallout from our premier Gordon Campbells' mouth....no biggie
[08:57] {Threei}  ugh, I dunno what's worse, lol
[08:57] {Threei}  I seriously think the guy is actually insane
[08:58] {ese} and besides vad will be safe......it appears that when major storms hit.....it avoids vad's neck of the woods
[08:58] {RonS} that title, premier, just sticks in my craw...
[08:59] {ese} ?
[09:00] {RonS} why not "head potentate"? or "emperor of all that is good"?
[09:00] {Threei}  lol
[09:01] {ese} lol
[09:02] {Threei}  Noth dakota is slammed with 13 inches of snow
[09:02] {Threei}  you know what it means for Winnipeg, ese
[09:02] {ese} what
[09:02] {Threei}  at least 26 :)
[09:03] {ese} they are approaching the "average -30 degrees until the end of february" time
[09:03] {Threei}  from god's point of view, it's winnipeg that is target of snowstorms... north dakota is just where he spills over some
[09:03] {ese} yup
[09:04] {ese} central manitoba is Canada's Siberia
[09:04] {Threei}  Euro vs US Dollar (GE) German Fin Min Schaeuble: Ireland banking crisis shows the vulnerability of the Euro currency
[09:04] {ese} lived there for 5 years and it's the coldest place i've lived here in this country
[09:04] {Threei}  I think it's original Siberia...
[09:05] {ese} might be
[09:05] {Threei}  and siberia is merely a russian manitoba
[09:05] {ese} yup
[09:06] {Threei}  "is you spit and what hits the ground is still liquid - it's not really coldf
[09:06] {ese} lol
[09:08] {Threei}  if UUP breaks 23, it looks free to run and run
[09:09] {Threei}  wouldn't play it, but it probably doesn't mean anything good for oil and gold
[09:09] {RonS} my stomach is growling...mibbit ad: "double bacon six cheese pizza " from Papa John's
[09:09] {Threei}  well... "good" is relative
[09:09] {RonS} torture
[09:09] {Threei}  lol rion
[09:09] {Threei}  sorry
[09:09] {ese} saw that ad
[09:10] {ese} how bout this one now "Amour Travail Chance Argent"
[09:10] {ese} translated.....get lucky now
[09:10] {RonS} needed translation...lol
[09:11] {ese} some of the goofyest ads ever on this site
[09:12] {ese} I like that UUP daily chart vad......thinkin of going long possibly
[09:14] {Threei}  I dunno ese... chart's nice but it's a currency
[09:14] {Threei}  subjected to all kinds of geopolitical developments
[09:14] {ese} don't follow....too volitile
[09:14] {ese} ahhh
[09:14] {Threei}  it's USD
[09:14] {dino} gaps below 11008, 2100, 1178
[09:15] {dino} powershares usd, double
[09:16] {Threei}  right
[09:16] {dino} ewy, korea
[09:16] {larisa} gm  :)
[09:16] {Threei}  and if you really eanted to go long USD, I called it right after QE2 announcement
[09:16] {Threei}  larisa :)
[09:17] {larisa} :)
[09:17] {RonS} huge drop eur/jpy...114.75 to 112.01...
[09:17] {RonS} yest close to now
[09:18] {RonS} 111.92
[09:23] {Threei}  LVS
[09:23] {Threei}  .20 - .40 range
[09:23] {Threei}  breaks it or bounces within...
[09:33] {dino} aaww, itri both thin
[09:34] {Threei} Long Setup:  RIMM  59 break half lot
[09:34] {nemo} rimm
[09:34] {Threei}  invalidated
[09:34] {Threei}  not off radar though
[09:36] {Threei}  heh
[09:36] {Threei}  got away
[09:37] {Threei}  sheesh
[09:38] {Threei} Short Setup: LVS  .70 break
[09:38] {Threei}  half lot
[09:39] {Threei}  invalidated
[09:39] {dino} brk/b sm l .50
[09:39] {Threei}  same story as RIMM?
[09:40] {Threei}  invalidation, then sets up and works
[09:41] {dino} whippy\
[09:41] {Threei}  very
[09:41] {dino} indeed, lol
[09:42] {dino} atw sm l .06
[09:42] {Threei} Short Setup: LVS  .90 break
[09:42] {Threei}  half l,ot
[09:42] {Threei}  stop is self-explanatory
[09:43] {Threei}  (IR) PIMCO's El-Erian: Ireland is moving closer to serious run on its banks
[09:43] {Threei}  not a scalp for me, LVS
[09:43] {Threei}  want 1:3 at least
[09:44] {Threei}  touched 1:1 but too quickly
[09:43] {Threei}  market doesn't help
[09:44] {Threei}  but LVS is weaker so far
[09:44] {Threei}  ok, 1:1
[09:44] {ese} nuan's back
[09:44] {Threei}  not trailing balance just yet
[09:45] {Threei}  want to give it more breathing room
[09:45] {Threei}  now trail to .95
[09:46] {Threei}  1:2
[09:46] {Threei} Long Setup:  RIMM  .35 break
[09:46] {Threei}  half lot
[09:47] {Threei}  (US) Preview: Oct Existing Home Sales due out at 10:00ET
[09:47] {Threei}  invalidated
[09:48] {Threei}  1:3 LVS baby
[09:48] {Threei}  out .58
[09:49] {jfjf64} nice nice
[09:49] {Threei}  target hit with enviable precision
[09:49] {jfjf64} ty ty
[09:49] {Threei}  yw yw
[09:49] {Threei}  ok RIMM
[09:49] {dino} lod
[09:49] {Threei}  where do you bounce
[09:51] {dino} 1178 imo
[09:52] {Threei}  RIMM looks ready
[09:52] {Threei}  .80 break
[09:52] {Threei}  half lot
[09:52] {Threei}  if holding .70
[09:53] {Threei}  invalidated
[09:53] {ese} nope
[09:53] {Threei}  LVS a bit overstretched too
[09:53] {Threei}  biunce time for both, just need market to regain its footing
[09:54] {Threei}  NUAN TechCrunch reports Apple co-founder Wozniak apparently misspoke when he stated in a web video that "Apple recently bought the company Nuance"
[09:54] {Threei}  lol
[09:54] {jfjf64} rimm really  gettin  hit
[09:54] {Threei}  - Says the comment is fueling some takeover spec today.
[09:55] {dino} ya think
[09:55] {dino} atw stopped -.33
[09:55] {Threei}  .70 break
[09:55] {Threei}  ugh
[09:55] {Threei}  late
[09:56] {Threei}  see if gives second chance
[09:56] {dino} sm l aaww thin, wide, gappy
[09:56] {dino} .55
[09:56] {Threei}  same setup
[09:56] {Threei}  if holding .60
[09:56] {nemo} in rimm .70
[09:56] {Threei}  missed LVS while hunting for RIMM reversal
[09:56] {Threei}  so it better work, lol
[09:57] {larisa} do not see reversal yet, you guys are agressive :)
[09:57] {Threei}  EUR/USD Euro hits fresh 7-week lows below 1.3445
[09:58] {Threei}  3 min till housing numbers
[09:58] {dino} wsm sm l .46
[09:58] {davd} in rimm .73
[09:58] {Threei}  market weakens again...
[09:58] {Threei}  RIMM is trying hard to swim against the current
[09:59] {dino} yeah, everytime i buy it drops
[09:59] {jfjf64} its  holding
[09:59] {Threei}  *(US) NOV RICHMOND FED MANUFACTURING INDEX: 9 V 6E
[09:59] {Threei}  hmmm
[09:59] {dino} odd mtb green
[10:00] {Threei}  no likely
[10:00] {ese} hmmmm  thats up
[10:00] {Threei}  *(US) OCT EXISTING HOME SALES: 4.43M V 4.5ME (% M/M)
[10:00] {Threei}  better now
[10:00] {Threei}  1:1
[10:00] {Threei}  half out
[10:00] {Threei}  scalpers be happy
[10:01] {Threei}  volatility is not for faint heart
[10:02] {Threei}  1 cent shy of 1:2
[10:11] {Threei}  (US) FDIC Q3 Troubled Bank List: 860 v 829 q/q (update) (related SPY SHY XHB EUR/USD SLF )
[10:11] {Threei}  weren't we told they become healthier?
[10:11] {Threei}  (FR) France Fin Min Lagarde: Euro zone will not be dismantled; Ireland needs to raise taxes to help reduce the deficit
[10:11] {Threei}  LVS becomes interesting again
[10:12] {Threei}  a dollar down since our short entry
[10:12] {nemo} dismantling implies intention...disintergration...well
[10:12] {Les} morning
[10:12] {Les} lvs db here?
[10:12] {Threei}  hey Les
[10:12] {Threei}  hunting for it
[10:13] {Threei}  FDIC's Bair: mortgage servicing and foreclosures practices raising new issues, could prove problematic for banks (related XLF BAC )
[10:13] {Threei}  good point nemo
[10:13] {Threei}  will not be dismantled, will fall apart all by it mighty self
[10:14] {nemo} [10:12] {nemo} dismantling implies intention...disintegration...well
[10:14] {dino} just a matter of time
[10:15] {dino} you know the germans are saying how the f we get involved in this
[10:15] {RonS} Chambers Brothers
[10:15] {nemo} guilt
[10:15] {RonS} bingo nemo
[10:15] {nemo} not as dumb as I look
[10:16] {RonS} a face built for the internet, eh?
[10:16] {nemo} yeah
[10:16] {Threei}  mine'sa built for radio, so nemo hasn't got it too bad
[10:16] {nemo} then again, if you saw me, you'd say, "Nah, nobody could be that dumb."
[10:17] {Threei} Long Setup:  RIMM  .50 break
[10:17] {Threei}  half lot
[10:17] {Threei}  .40 for scalpers, .35 for day traders
[10:17] {nemo} ahh damn in .46
[10:17] {Threei}  looks OK to me
[10:18] {Threei}  you know... in any casxe it works or it doesn't
[10:19] {Threei}  with .46 entry, for sure keep stop under .35
[10:20] {davd} in rimm .48
[10:22] {Threei}  and here comes launch
[10:22] {nemo} 1/2 out
[10:22] {RonS} cmc big call action, up move
[10:23] {Threei}  missed DB on LVS
[10:25] {nemo} pulling teeth today
[10:26] {Threei}  3 for 3 so far
[10:26] {Threei}  what do you want on holiday week with worldwide turbulence
[10:26] {nemo} stopped 2nd half rimm
[10:27] {RonS} wow eur looking to bust 1.34
[10:27] {nemo} you stop out of rimm seeing as it touched 1:1
[10:27] {dino} lot of time left nemo
[10:27] {nemo} yeah, what's your point dino?
[10:27] {Threei}  lol
[10:28] {dino} lol
[10:28] {dino} we end day -50
[10:28] {nemo} in tck .39
[10:28] {Threei}  RIMM 1:1 for day traders
[10:29] {Threei}  look where we got LVS short
[10:29] {nemo} 1/2 out tck .50
[10:31] {Threei}  gold is up with USD today
[10:32] {Threei}  mibbit puke?
[10:32] {dino} mee sm l .40
[10:35] {Threei}  EUR/USD Breaks below the 1.3400 handle at session lows
[10:35] {nemo} sheesh...stopped 2nd half tck
[10:35] {Threei}  Ron forgot the magic word?
[10:36] {nemo} yeah, pay your bill
[10:36] {Threei}  rather, enter right password
[10:36] {nemo} say "friend" and enter
[10:36] {nemo} rinsed on the second half of tck
[10:38] {nemo} tna
[10:38] {nemo} sorry
06[10:38] * nemo slaps Les around a bit with a large North Korean Artillery Shell
[10:39] {Les} Les plays catch
[10:39] {nemo} funny...I tried out for javelin catcher in high school
[10:39] {Les} and you're still here?
[10:39] {nemo} I have trouble holding M&Ms
[10:40] {Les} funny guy
[10:40] {Threei}  RIMM 1:2
[10:43] {nemo} dino, cbd
[10:45] {nemo} frickin lulu
[10:45] {Les} that's what they used to call me in the army
[10:45] {Threei}  lol
[10:45] {nemo} aro dino
[10:46] {dino} looking
[10:47] {dino} aro takeover spec off of jcrew
[10:47] {dino} cbd gap fill
[10:50] {jfjf64} csig
[10:50] {nemo} fcx might db here
[10:53] {davd} out rimm .68
[10:53] {nemo} was thinkin'...
[10:53] {Threei}  partialed earlier davd?
[10:54] {davd} no, too small but was following.
[10:54] {nemo} The love song of J. Alfred Prufrock...can you imagine what the J stood for?
[10:54] {nemo} or, Local doctor...B. Hoagland Rosania
[10:54] {nemo} How much worse could the "B." be than "Hoagland"?
[10:54] {Threei}  nemo... may I have someof what you are smoking
[10:54] {Threei}  obviosuly great stuff
[10:55] {nemo} dried deer brains?
[10:55] {Threei}  I didn't need to know the origin
[10:56] {Les} some mad cow in that deer
[10:56] {nemo} I was there already
[10:56] {Les} yeh
[10:56] {Threei}  lol, I just typed "as if he needed more of that"
[10:56] {nemo} that reminds me...need to dust off the list for review
[10:57] {Threei}  we are in the same pattern so far
[10:57] {Threei}  good productive morning, then stall
[10:58] {nemo} deja vu
[10:58] {jfjf64} 11 am
[11:00] {nemo} spy at trend resistance
[11:02] {nemo} rvbd interesting on 5 minute chart, w/market help of course
[11:14] {Threei}  IMF's Lipsky: Fears that worldwide economic policy cooperation is fracturing; G20 process is helping build a more comprehensive global forum for economic decisionmaking
[11:14] {Threei}  - Talks on ironing out the Irish aid package are continuing.
[11:14] {Threei}  - Greece is on track and making progress.
[11:15] {Threei}  lol
[11:15] {Threei}  notice:
[11:15] {Threei}  each single element in these remarks is positive
[11:15] {Threei}  picture overall is gloomy though
[11:16] {Threei}  this is on track, that is helping, but cooperation is fracturing
[11:16] {Threei}  they just won't admit it until it hits them in the face
[11:16] {Threei}  there is no sch thing as worldwide cooperation
[11:17] {Threei}  there are interests of separate countires and entities
[11:18] {dino} mee stopped
[11:19] {nemo} bad grammar
[11:19] {Threei}  RIMM is trying to break down
[11:19] {Threei}  lol
[11:19] {Les} hehehe
[11:21] {dino} lol
[11:21] {Threei}  you gotta give to nemo... sometimes it's 100% hit
[11:22] {dino} it made me(e) laugh
[11:22] {Threei}  mee too
[11:23] {Threei}  sheesh, Ron seriously abandoned his notes
[11:24] {Threei}  Contagion from Ireland is spreading in Europe: spreads between 10-year Spanish and German government debt widened out to all-time highs above 230 bps while spreads between 10-year Portuguese and German paper tested all-time highs over 430.
[11:26] {Threei}  - Comments from German officials continued to weigh on euro sentiment. German Chancellor Merkel echoed her finance minister by insisting that the euro was in an 'exceptionally serious' situation due to the peripheral debt crisis. She added that Germany must stay the course in regards to its budget austerity to ensure sustainable growth. Persistent rumors that Portugal's sovereign rating would be cut were fueled by a Moody's analyst, who said he was concerned about the country's deficit.
[11:27] {Threei}  anyone scalped RIMM breakdown?
[11:27] {Threei}  gave easy 1:1
[11:29] {nemo} might be bear flag on fcx
[11:56] {nemo} c7H tck
[11:56] {nemo} C&H
[11:56] {Threei}  I was wondering...
[12:01] {dino} me too
[12:02] {Threei}  nice TCK
[12:03] {nemo} 1st target .10 ty
[12:03] {nemo} next is vwap currently .29
[12:04] {nemo} sstop .95
[12:05] {dino} cbd sm l .51
[12:06] {nemo} scalpers win
[12:06] {nemo} well, .20 scalp
[12:06] {Threei}  on short week afternoon, they usually do :)
[12:07] {nemo} note to self...
[12:09] {dino} full day tomorrow?
[12:09] {Threei}  tomorrow yes,
[12:09] {Threei}  Thirsday is off,
[12:09] {Threei}  and Fri half day
[12:09] {dino} ty
[12:10] {dino} mee rinsed, lots of rinses last week or so
[12:12] {nemo} rinsed on 2nd half tck
[12:16] {RonS} :P
[12:17] {RonS} had to run a defrag to get mibbet reset...
[12:17] {Threei}  wow
[12:17] {nemo} wht wow
[12:17] {nemo} what?
[12:17] {Threei}  12:17] {RonS} had to run a defrag to get mibbet reset...
[12:18] {Threei}  ese lost connection again, but asked to let you know he is long AEO .82
[12:19] {Threei}  (US) Treasury's Barr: Investigators have found widespread breakdowns in the foreclosure process
[12:19] {Threei}  (CA) Canada Fin Min Flaherty: mortgages are affordable in Canada; no sign of a housing bubble in Canada
[12:22] {RonS} dino, holding anything?
[12:23] {ese} if yaaaassssss don't want me on the board...alll ya got ta do is say so
[12:23] {nemo} hit the bricks ese
[12:24] {ese} lol....L aeo .82
[12:31] {dino} cbd, brk/b, aaww, wsm
[12:53] {dino} .
[12:53] {Threei}  good point
[12:59] {dino} cbd to .80
[13:00] {dino} out +.30 ty nemo
[13:02] {Threei}  *(US) TREASURY'S $35B 5-YEAR NOTE AUCTION DRAWS: 1.411%; BID-TO-COVER RATIO: 2.65 V 2.82 PRIOR AND 2.78 AVG OVER THE LAST 10 AUCTIONS
[13:03] {Threei}  - Indirect bidders take 31.5% of competitive bids with 6.37% allotted at the high.
[13:05] {Threei}  everyting is locked so tightly
[13:05] {Threei}  look at RIMM
[13:05] {Threei}  how often do you see it this narrow?
[13:17] {Threei}  (US) Preview: Minutes of the Nov 3 FOMC meeting and new Fed economic forecasts due out at 14:00ET
[13:25] {dino} brk/b to .75
[13:27] {jfjf64}   cf   the  mover  today
[13:32] {dino} out brk/b .80, +.30
[13:32] {ese} gotta go....it's choir time
[13:34] {Threei}  take care ese
[13:34] {dino} cya
[13:44] {Threei}  MOS
[13:44] {Threei}  if dives to 69, will be inetersted in bounce
[13:46] {Threei}  probably a bit under
[13:47] {Threei}  lol, very trading-related phrase:
[13:47] {Threei}  "There's design intent, and then there's what the damn thing actually does."
[13:48] {Threei}  hunt's on
[13:48] {Threei}  half lot
[13:49] {dino} jns
[13:49] {Threei}  in .89
[13:51] {Threei}  half out .98
[13:54] {Threei}  JNS Weakness attributed to reports it received an inquiry requesting general information
[13:54] {Threei}  - intends to comply with requests and is confident in integrity of process (10.45, -0.51, -4.65%)
[13:54] {davd} i could have guessed that
[13:55] {dino} was thinking same
[13:56] {Threei}  come on MOS
[13:56] {Threei}  gimme .20 or so
[13:58] {Threei}  nah
[13:58] {Threei}  second half stopped
[13:58] {dino} gut says re-test lod
[13:59] {nemo} retest at .20
[13:59] {dino} re-test market lows
[14:01] {Threei}  *(US) MINUTES OF NOV 3 FOMC MEETING:UNEMPLOYMENT TO DECLINE SOMEWHAT NEXT YEAR
[14:02] {Threei}  - 2010 GDP (3.0-3.5% prior)
[14:02] {Threei}  - 2011 GDP (3.5-4.2% prior)
[14:02] {Threei}  - 2012 GDP (3.5-4.5% prior)
[14:02] {Threei}  - Private businesses continued to increase their demand for labor only modestly.
[14:05] {Threei}  not tom post whole thing: everything is shaky and growth is very moderate
[14:05] {Threei}  that's the summary
[14:09] {Threei}  guess who is on TV
[14:09] {Threei}  and I don't mean the group Guess Who
[14:10] {dino} whats he whining about today
[14:11] {Threei}  toured Chrysler transmission plant
[14:11] {Threei}  and very happy
[14:13] {dino} dork
[14:25] {dino} mee spike
[14:26] {jfjf64} mee
[14:27] {Threei}  US President Obama reiterates notion that the US cannot afford to extend tax cuts for wealthy individuals
[14:27] {dino} whr sm l .00
[14:29] {Threei}  MEE Coal India may be interested in entire company, not just some assets - India's Business Standard (49.91, -0.61, -1.21%)
[14:32] {dino} cbrl sm l .00
[14:36] {dino} soda
[14:36] {dino} arg
[14:37] {dino} arg court by law ruling
[14:37] {dino} odd
[14:38] {dino} cf animal
[14:44] {Les} mibbit working now?
[14:44] {Les} don't everyone answer at once
[14:45] {jfjf64} mibbit  the worse
[14:45] {dino} y
[14:45] {Threei}  yeah, it was a bruief hiccup
[14:45] {Les} prefer the time stamp in mibbit
[14:45] {jfjf64} 3i  need  to  shop  for  idont  even know  what  ya  call it
[14:45] {dino} out whr .35, +.35
[14:46] {jfjf64} dinosaur
[14:46] {Threei}  you can have time stamp in mirc too
[14:46] {Les} didn't know that
[14:46] {jfjf64} i wish
[14:46] {Threei}  right click on ghe channel name
[14:46] {dino} mine shows time
[14:46] {Threei}  find Timestamp in dropdown menu
[14:47] {jfjf64} not  me
[14:47] {dino} whr puts me in the green
[14:47] {jfjf64} nice
[14:48] {dino} wsm to .54
[14:48] {jfjf64} havnt  traded  all afternoon
[14:48] {dino} sllllaaaappppp
[14:53] {Les} CSCO looking more like zombie every time I check in on it
[14:53] {Les} dead duck
[14:54] {dino} 18.25 might interest me
[14:54] {Threei}  ARG Comments on court ruling (61.57, -4.33, -6.57%) (related APD )
[14:55] {Les} iwm
[14:55] {dino} not much green on my lists, mtb, skx, wsm, gld, uup, xrt,
[14:55] {Les} sorry wrong window
[14:56] {dino} itri green too
[14:57] {dino} wsm to .66
[15:00] {Threei} Long Setup:  GS  158 break half lot
[15:00] {Threei}  invalidated
[15:01] {jfjf64} mibbit   ty
[15:01] {dino} out wsm .70, +.24 all dyer
[15:01] {Threei} Long Setup:  GS  .85 break half lot
[15:01] {Threei}  if holding .70 - .75
[15:03] {jfjf64} jumped
[15:03] {Threei}  market drop
[15:04] {Threei}  HS holding so far
[15:04] {Threei}  GS
[15:06] {Threei}  1:1
[15:09] {Threei}  1:2
[15:12] {dino} gj
[15:12] {jfjf64} wtg 3i
[15:12] {jfjf64} ty
[15:13] {jfjf64} patince
[15:13] {Threei}  yw
[15:13] {jfjf64} pays
[15:14] {dino} ttm
[15:15] {jfjf64} .97
[15:15] {jfjf64} ??
[15:16] {Threei}  you'll read about that in chapter 69. CAMOUFLAGE, jf {G}
[15:16] {jfjf64} ??
[15:17] {Threei}  15:13] {jfjf64} patince
[15:17] {Threei}  15:13] {jfjf64} pays
[15:17] {jfjf64} ahh
[15:17] {jfjf64} ttm
[15:17] {jfjf64} nice
[15:21] {Les} god I hate thinking sometimes
[15:21] {Les} MWW .60
[15:21] {Les} to short or not to short
[15:21] {jfjf64} grr
[15:22] {Threei}  sometimes? I hate it always
[15:22] {Threei}  and I have just the answer about MWW
[15:23] {Threei}  do you see a setup?
[15:23] {Les} hmmm
[15:23] {Les} is this a trick question?
[15:23] {Threei}  known tried proven formation with clear trigger?
[15:23] {Les} y
[15:23] {Threei}  if you see it and triggers, take it
[15:23] {Threei}  if there is none, what to think about?
[15:24] {Les} well its bad habit with my wife.
[15:24] {Les} she forces me to do it
[15:24] {Threei}  resist
[15:25] {Threei}  tell her we men weren't put on this Earth to think
[15:25] {jfjf64} can someone  explain  trigger   formation  pls   .60  short
[15:26] {Threei}  on what?
[15:26] {jfjf64} mww
[15:26] {Les} .61 was pivot support jf
[15:26] {Les} failed to break .70
[15:26] {jfjf64} i see  ty  les
[15:27] {Les} by the time it reached .60 had cleared all support. lot of air under it
[15:27] {Les} but stocks are wandering today. was afraid MWW would wander on me too...
[15:28] {dino} im a wanderer....
[15:28] {jfjf64} tight stop  worth  the  risk
[15:28] {Les} a gypsy dino....
[15:28] {dino} idcc
[15:28] {Les} always pilfering money from stocks...
[15:29] {dino} :D
[15:30] {Les} I know its bad to stereotype but gypsies have that rep here
[15:30] {Les} I used to give money to street performers and beggars....
[15:30] {Les} until I saw a gypsy camp
[15:30] {dino} i'm a mc les
[15:30] {Les} never seen so many BMW's Mercs and Lamborgini's in such concentration
[15:31] {Threei}  lol
[15:31] {Threei}  those are not cheap les, whyu would you stop giving them money... how are they going to maintain that garage
[15:38] {Threei} Short Setup: LVS  49 break
[15:38] {Threei}  just a scakp most likely
[15:39] {Threei}  if stays under .05
[15:39] {Threei}  stungy
[15:39] {Threei}  stingy too
[15:48] {jfjf64} abx  s  .86
[15:48] {dino} zzzzzzzzzzzz
[15:49] {Les} yeh sleep is looking good right now
[15:49] {Les} c u's tomorrow
[15:50] {Threei}  take care Les
[15:50] {Threei}  we did good today
[15:50] {Threei}  4;4
[15:50] {nemo} I'll leave it alone
[15:51] {dino} gj
[15:51] {dino} cya les
[15:54] {dino} pwer spike
[15:55] {Threei}  don't see news
[15:56] {jfjf64} out flat  abx
[15:56] {Threei}  GS Fox Business News' Gasparino reports the Diamondback investigation likely involves potential leaks from a Goldman Sachs investment banker and French banker (update)
[15:56] {dino} out cbrl +.03
[15:56] {jfjf64} good day  all  wtg  3i
[15:56] {jfjf64} 4/4
[15:56] {Threei}  lol, GS spiked on that?
[15:57] {jfjf64} lol
[15:57] {Threei}  whatever
[15:57] {dino} cya jf
[15:57] {Threei}  thank you asll, have a good evening
[15:57] {jfjf64} dino
[15:57] {larisa} bye :)
[15:57] {Threei}  see you tomorrow
[15:57] {jfjf64} larisa
[15:58] {larisa} :)
[16:02] {dino} gn all

Monday, November 22, 2010

Nov 22 2010

ATTENTION: A Taoist Trader Online Course is now available: http://www.realitytrader.com/taoisttrader.html


Positive day with a few nice trades but the readable activity is limited to the morning. Typical for the short week.


Session Time: Mon Nov 22 00:00:00 2010
[08:43] {Threei}  Las Vegas McCarran Airport Sept passenger traffic +2.0% y/y, v -2.0% in Sept
[08:43] {Threei}  - Oct traffic was approx 3.6M passengers. "The increase happened despite the 42 percent decline for US Airways, which late in 2009 began dismantling the hub operation it once operated here." - Las Vegas Review Journal
[08:46] {dino} gm all
[08:46] {Threei}  dino :)
[08:47] {dino} vad, dcc
[08:54] {davd} mornin all
[08:58] {Threei}  davd :)
[08:59] {Threei}  dino, dcc
[09:00] {davd} dino dcc threei
[09:01] {davd} who did i just say hi to?  dcc is dino?
[09:05] {ese} morning
[09:05] {Threei}  ese :)
[09:06] {Threei}  lol davd
[09:11] {davd} imo - headline risk for the financials re insider trading allegations.
[09:14] {Threei}  (PO) Portugal's PM Socrates: No reason that the country cannot have the confidence of the rest of the EU (related EUR/USD EUR/GBP EUR/USD SOVRX BUNDS )
[09:16] {larisa} gm :)
[09:16] {Threei}  larisa :)
[09:17] {larisa} vad :)
[09:17] {ese} laris
[09:17] {RonS} gm :)
[09:17] {larisa} ese, ron :)
[09:17] {Threei}  ron :)
[09:18] {davd} larisa :D
[09:19] {larisa} davd :)
[09:19] {davd} nemo heretoay?
[09:19] {nemo} nope
[09:21] {davd} in his absense - Pivot Low of $119.770 on SPY - calculated using the DeMark method
[09:21] {davd} imo - bearish when price breaks down below the pivot low
[09:28] {jfjf64} MOrnin all
[09:28] {Threei}  jf :)
[09:33] {Threei} Short Setup: LVS  .80 break
[09:33] {ese} L rimm.35
[09:33] {Threei}  stop above .95
[09:34] {nemo} you see that bid flash on lvs
[09:34] {Threei}  yup
[09:34] {ese} out rimm .65
[09:35] {ese} +.20
[09:35] {Threei}  wtg
[09:35] {ese} tks.....
[09:35] {Threei}  no go LVS
[09:35] {Threei}  a few cents shy
[09:36] {dino} gj
[09:36] {Threei}  watching X for pullback entry
[09:36] {Threei}  around .45-.50
[09:38] {Threei}  no chance
[09:39] {dino} adsk sm l .50
[09:39] {jfjf64} rimm
[09:39] {dino} stop lod
[09:39] {jfjf64} big up
[09:41] {Threei}  X is getting there
[09:41] {Threei}  one more leg down and I am interested
[09:41] {Threei}  nope...
[09:41] {dino} mtb sm l .90
[09:45] {Threei}  nearest support for X is .40
[09:46] {Threei}  not gteiing my entries
[09:46] {Threei}  getting
[09:47] {dino} itri sm l .60 ave, stop .29 gappy
[09:47] {davd} in mtb .93 small
[09:48] {dino} adsk to flat
[09:48] {RonS} wow nflx
[09:49] {nemo} they raised prices
[09:50] {RonS} canuckian test of streaming sub deemed successful...us rollout...
[09:50] {Threei} Short Setup: X  48 break
[09:50] {Threei}  if stays below .10
[09:52] {Threei}  invalidated
[09:52] {dino} adsk to .70
[09:53] {dino} to .85
[09:54] {jfjf64} aet
[09:54] {jfjf64} watchin  dino
[09:54] {Threei} Long Setup:  RIMM  .40 break
[09:54] {Threei}  if holding .30
[09:54] {jfjf64} .95 break
[09:54] {nemo} inn
[09:54] {Threei}  not a scalp
[09:55] {Threei}  1:1
[09:55] {Threei}  half out
[09:55] {Threei}  1:2
[09:55] {Threei}  1/4 out
[09:55] {dino} to .97 adsk
[09:55] {dino} itri to .09
[09:55] {nemo} out .59
[09:55] {Threei}  stop to .45 for the last piece
[09:55] {dino} out adsk .97, +.47
[09:56] {nemo} ty...lousy fill though
[09:56] {Threei}  1:3
[09:56] {dino} itri to .22
[09:56] {jfjf64} half  out aet
[09:56] {Threei}  LVS stop is rectified, and then some
[09:57] {jfjf64} stop 31
[09:57] {dino} to .28
[09:58] {jfjf64} allout
[09:58] {jfjf64} aet
[09:59] {dino} out itri .28, +.68
[09:59] {jfjf64} wtg
[09:59] {dino} tybrb
[10:00] {jfjf64} amzn
[10:00] {jfjf64} .79 break
[10:00] {Threei} Long Setup:  X  from under 48
[10:00] {Threei}  10 cents ranges
[10:01] {Threei}  touched 1:1, trail to .95 even if didn't exit
[10:01] {Threei}  to be safe
[10:02] {Threei}  out
[10:02] {davd} stop on mtb dino?
[10:03] {jfjf64} bounce  x
[10:03] {jfjf64} ??
[10:03] {Threei}  .90 break
[10:03] {Threei}  10 cents ranges
[10:03] {jfjf64} .93
[10:03] {jfjf64} in
[10:04] {Threei}  umm
[10:04] {Threei}  a bit high
[10:04] {Threei}  it's just scalps, every cent counts
[10:04] {jfjf64} stop.79
[10:04] {Threei}  anyway, keep stop under .80
[10:05] {Threei}  right
[10:05] {dino} 'mtb stopped -.35
[10:05] {jfjf64} dog  fleas
[10:05] {jfjf64} hate  x
[10:06] {jfjf64} watch  rince
[10:08] {jfjf64} 30  firms  recieve request  for  info
[10:08] {jfjf64} sec   fbi
[10:08] {jfjf64} insider  trader
[10:08] {jfjf64} does  that  still go  on
[10:09] {RonS} forever...
[10:09] {Threei}  did it ever stop?
[10:11] {Threei} Long Setup:  RIMM  .75 break
[10:11] {Threei}  if holding .65
[10:12] {Threei}  still valid IMO, but let's make it .60 - .70
[10:12] {Threei}  and watch infdex
[10:15] {Threei}  invalidated, let it drop more
[10:16] {jfjf64} aapl
[10:16] {jfjf64} 3
[10:16] {jfjf64} i
[10:16] {dino} v sm l .00
[10:16] {jfjf64} 310 break  short
[10:16] {Threei}  GS
[10:16] {dino} stop .73
[10:16] {Threei}  biunce should be close
[10:16] {jfjf64} ??
[10:18] {Threei}  SVNT Ticks higher on renewed takeover chatter (12.57, +0.37, 3.03%)
[10:21] {jfjf64} die  aapl
[10:22] {dino} aaww sm l .20 gappy, wide
[10:23] {Threei} Long Setup:  GS  .30 break smaller shares
[10:23] {Threei}  if stays above .15
[10:23] {Threei}  1:1
[10:26] {Threei} Short Setup: RIMM  .50 half lot
[10:26] {Threei}  if stays under .60
[10:27] {Les} morning all
[10:27] {Threei}  hey Les
[10:27] {Threei}  if works, should be good for about 1:2
[10:27] {Les} what u in?
[10:27] {Threei}  [10:26] {Threei} Short Setup: RIMM .50 half lot
[10:28] {Les} missed my primary target LNG this morn. shorted APRI for +:22 just now
[10:29] {Threei}  market helps, die RIMM
[10:29] {Threei}  1:2
[10:30] {Les} sweet
[10:30] {Threei}  me out .31
[10:30] {Threei}  'twas, wasn't it
[10:30] {Threei}  effortless trade, rare for RIMM
[10:30] {Threei}  easy entry, no troubles after
[10:32] {dino} pretty good drop, news?
[10:32] {Threei}  not that I see
[10:33] {Threei}  Israel central bank rate decision... which I can't see as moving US market
[10:33] {Les} It's a conspiracy I tell ya!
[10:33] {Threei}  it always is :)
[10:34] {Threei}  RIMM 1:4... without me
[10:34] {Les} $ spike
[10:35] {Les} and precious metal cliff drop
[10:35] {jfjf64} tna  bounce
[10:35] {jfjf64} ??
[10:35] {Threei}  toughie jf
[10:36] {dino} aaww stop -.33
[10:36] {Threei}  a lot of fear in the market
[10:36] {jfjf64} yes
[10:36] {Threei}  my feeling is, nearest attempt to bounce will be smacked down hard
[10:37] {jfjf64} listenin  to  barney  frank  bloomberg
[10:37] {jfjf64} a nut
[10:37] {Threei}  what's he saying?
[10:37] {Threei}  FNM will do what I tell it?
[10:37] {jfjf64} lots  of  uncertanly
[10:37] {Threei}  EUR/USD Euro retest Friday's low of 1.3609 over concerns of the Irish political situation
[10:38] {jfjf64} investors sd  be  scared
[10:38] {Threei}  I wish he weren't as certain as he was back then
[10:38] {jfjf64} ireland ect
[10:38] {Threei}  Ireland bailout somehow got sold as positive news this morning
[10:38] {Threei}  whihc is total bs
[10:39] {Threei}  enthusiastic dummies went long on that
[10:39] {Threei}  now reality sets in
[10:39] {jfjf64} yup
[10:40] {jfjf64} we  must  pick  off  on  ther  mistakes
[10:40] {jfjf64} if  that  makes  sence
[10:40] {dino} amed spike
[10:41] {jfjf64} cof
[10:41] {jfjf64} .25
[10:41] {jfjf64} watchi
[10:41] {jfjf64} 4 long
[10:41] {davd} not that simple threei.  media is stupid.  sees futures up - looks at biggest story - sais futures up becasue of ireland.
[10:42] {Les} It's all a conspiracy davd!
[10:42] {nemo} cat
[10:42] {davd} that's what i said last week!
[10:42] {Les} I'm long SLW from friday
[10:43] {Les} + 1.30
[10:43] {jfjf64} wtg  lessy
[10:43] {Les} watching if I need to exit here
[10:43] {jfjf64} cof  invalid  here
[10:45] {Threei}  media role is not that simple davd
[10:45] {Threei}  you can't always view it as follower of the move,
[10:45] {Threei}  sometimes it's a seller of the opinion
[10:45] {jfjf64} ??
[10:45] {davd} hmmm then it is a conspiracy
[10:46] {Threei}  whole over the weekend overture was: Ireland bailout is great news
[10:46] {Threei}  stability confidence etc
[10:46] {Les} yeh need to ask who is selling opinion and why
[10:49] {Threei} Long Setup:  GLD  132 break
[10:49] {Threei}  if stays above .90
[10:51] {jfjf64} in.02
[10:53] {dino} aaww big rinse
[10:53] {davd} in gld .00
[10:53] {Threei}  dino, you'll have to agree - that symbol is just asking for disappointing remarks
[10:54] {Threei}  1:1
[10:54] {Threei}  touched briefly
[10:54] {Threei}  again
[10:54] {Threei}  half out
[10:54] {Threei}  scalpers be hasppy
[10:54] {Threei}  or happy
[10:55] {dino} yeah
[10:58] {dino} itri sm l ave .56
[10:59] {RonS} aaww was founded by a Pakistani immigrant.  Guy bribed his way through Asia to garner contracts, relationships.  Crashed his personal Czech fighter and died about 15 years ago...
[10:59] {Threei}  are you reading Interesting facts column Ron?? :)
[11:00] {Threei}  or "Did You Know"
[11:00] {RonS} denver based co
[11:01] {RonS} used to be a great trader...stock would go down w/ oil...but their contracts were fuel exclusive
[11:01] {RonS} i mean when oil went up, stock would go down
[11:01] {Les} out SLW +1.18 testing 35 again
[11:02] {Threei}  nice
[11:02] {dino} gj
[11:02] {Les} market hanging on by fingernails
[11:02] {Les} IMO
[11:02] {Les} or screwing with us
[11:02] {Threei}  pretty much, yeah
[11:02] {nemo} range day
[11:03] {dino} v stopped -.28
[11:03] {Threei}  market has restored relation with USD
[11:05] {RonS} oil getting creamed
[11:06] {Threei}  dollar-related too, i belive
[11:06] {RonS} yep
[11:06] {Threei}  it's all becoming once again about Europe
[11:06] {nemo} gmcr
[11:08] {RonS} SAN FRANCISCO (MarketWatch) -- Green Mountain Coffee Roasters (GMCR:$34.91,00$4.65,0015.37%) shares surged more than 11% to $33.75 early Monday on news the coffee's company accounting issues are not as bad as some feared.
[11:12] {Threei}  STEC Strength attributed to boutique analyst firm saying HPQ planning a new platform using STEC's solid state drives (15.86, +0.50, 3.26%)
[11:17] {dino} aaww sm l .95 ave
[11:21] {nemo} http://www.realclearpolitics.com/video/2010/11/19/gloria_allred_on_tsa_pat-down_i_liked_it.html
[11:21] {dino} itri to .98
[11:23] {dino} crmt sm l .00
[11:25] {dino} stop is .69
[11:26] {davd} in crmt .00
[11:27] {Les} outta here c u's tomorrow
[11:27] {dino} cya les
[11:27] {nemo} Hope you and your family have a nice evening Les....
[11:27] {Threei}  take care Les
[11:31] {dino} out itri .98, +.43
[11:33] {Threei}  (EU) ECB's Trichet: Europe is facing a decisive year in 2011
[11:33] {Threei}  - Reiterates that non-standard measures are temporary; reiterates that a strong USD is a positive.
[11:33] {Threei}  decisive year eh
[11:33] {Threei}  sounds ominous
[11:34] {nemo} dndn could be short under .00
[11:34] {nemo} two way possibly
[11:44] {nemo} bids .00 dndn
[12:03] {Threei}  mibbit hiccup?
[12:09] {Threei}  SQNM UPDATE: Stephens Raised SQNM to Equal Weight from Underweight
[12:09] {Threei}  from daily chart, .50 break could be of interest
[12:22] {nemo} rvbd may hold here watch for long
[12:27] {Threei}  (US) Reportedly FBI investigators raid two hedge funds, Diamondback Cap Management and Level Global Investors, in connection with insider trading information investigation - unconfirmed reports
[12:27] {Threei}  ***Reminder: On 11/20 there were press reports that Federal authorities could announce criminal indictments in three year probe of insider trading by the end of the year
[12:27] {Threei}  (IR) Reportedly Ireland PM Cowen is meeting with cabinet to discuss political uncertanties that have developed following announcement of the bailout
[12:30] {Threei}  today starts feeling like serious selloff
[12:31] {Threei}  let's see if we get some bounces to short into
[12:34] {dino} watching v, itri
[12:41] {Threei}  (CA) Canada Fin Min Flaherty: Affirms new budget proposals will include new taxes; recovery from recession in Canada has been faster than in some other nations (related USD/CAD EWC )
[12:41] {Threei}  great
[12:41] {Threei}  new taxes is just what we need
[12:45] {Threei}  (IR) German Fin Min Schaeuble: Projects that eurozone's portion of the Ireland bailout to be around 50B (related EUR/USD BUNDS EWG )
[13:00] {dino} partial fill itri .71 l
[13:01] {dino} ok sm l
[13:34] {dino} mee
[13:41] {RonS} Massey Energy Said To Begin Sale-Exploration Process Bloomberg       11/22 11:40 AM
[13:43] {dino} out aaww .90, +.95
[13:43] {RonS} gj
[13:43] {dino} ty, took awhile
[13:45] {Threei}  I don't know where you find patience for such holds, lol
[13:45] {dino} just part of my edge
[13:46] {dino} hard stop and move on
[14:02] {Threei}  (US) Fed's Kocherlakota: Economic growth is slowing, inflation trend is lower which is of concern
[14:02] {Threei}  - Taxes and expenditures uncertainty at the Govt level negatively impacting the economy.
[14:02] {Threei}  - Expects QE2 to have a "modest" impact; supports the program for the time being.
[14:02] {Threei}  slowing?
[14:02] {Threei}  slowing??
[14:05] {Threei}  (US) ECB's Stark: Irish aid will be strictly conditional; if Ireland does not follow the rules, it will not get the funds
[14:05] {Threei}  - Believes economic growth will stabilize in 2011; starting to see signs of a sustainable recovery.
[14:05] {Threei}  - Not seeing deflation or inflation risks in the medium term; Most indications are towards stable prices.
[14:05] {Threei}  - Can not rely on US to be engine of economic growth in the future.
[14:07] {dino} .
[14:30] {dino} crmt to .19
[14:30] {dino} out slipped +.17
[14:41] {Threei} Long Setup:  GS  .55 half lot
[14:41] {Threei}  stop under .45 for scalpers, .40 day traders
[14:42] {jfjf64} lets  getem
[14:43] {Threei}  no go
[14:45] {Threei}  rinse
[14:45] {Threei}  grr
[14:45] {jfjf64} dirty  rats
[14:45] {Threei}  look it at go
[14:46] {Threei}  right into trarget
[14:46] {jfjf64} hmm
[14:46] {jfjf64} got  look  of  higher
[14:48] {jfjf64} blast  offf
[14:48] {jfjf64} bammm
[14:48] {jfjf64} dirty  rat
[14:48] {nemo} looks like the market wants to close flat today
[14:49] {jfjf64} lookin  abx
[14:49] {jfjf64} .30  short
[14:49] {jfjf64} break
[14:50] {jfjf64} in
[14:53] {jfjf64} now  it  dies
[15:03] {jfjf64} 1/1
[15:03] {jfjf64} half out
[15:06] {dino} afternoons are dead lately
[15:09] {jfjf64} very  rare   action  in  afternoons
[15:09] {jfjf64} imo
[15:09] {jfjf64} seems  lk  i  try  to  make  somethin happen
[15:10] {jfjf64} and  you  no  outcome  right
[15:10] {Threei}  true
[15:10] {Threei}  you can see how I cut down activity after the morning spike
[15:11] {jfjf64} yup
[15:13] {dino} 3 pm and on has been hurting my results last month or so
[15:14] {dino} which is odd as i was always an afternoon trader
[15:14] {jfjf64} really
[15:15] {dino} yeah i used to dig a hole in the morning and trade out of it in afternoon
[15:16] {dino} now seems 10:30-2:30 is my time
[15:16] {jfjf64} seems lk   9.30  /  11.30   for me
[15:16] {jfjf64} or 11.00
[15:17] {jfjf64} conclusion   3i  ???
[15:17] {Threei}  about what?
[15:18] {jfjf64} lol
[15:18] {Threei}  don't present too much demand on my brain within 6 months after finishing major writing
[15:18] {jfjf64} sorry
[15:18] {jfjf64} forgot
[15:18] {Threei}  brain goes on vacation
[15:18] {Threei}  which means it vacates the premises
[15:19] {Threei}  premises's empty
[15:19] {jfjf64} how is that  going  lot of  positive  respoce
[15:19] {jfjf64} writing
[15:20] {Threei}  so far no one said "what a load of crap"
[15:20] {jfjf64} na
[15:20] {jfjf64} good  stuff
[15:20] {jfjf64} i  have to  be  honest   i been  reading  poemm
[15:21] {jfjf64} and  going  write  to  your  interptation
[15:21] {jfjf64} been gettin  more  out  of
[15:21] {jfjf64} that  tao  stuff  i get  lost
[15:22] {Threei}  don't skip explanation inbetween
[15:23] {jfjf64} i know
[15:23] {Threei}  the idea is, "Tao stuff" gives it all a structure and ties it all together,
[15:23] {Threei}  so you don't just get bits and pieces of information,
[15:23] {jfjf64} agree
[15:23] {Threei}  you get the whole system outlook
[15:24] {Threei}  it's not simply advice here and advice there, it's a way of thinking
[15:24] {jfjf64} how long  hv  you  been  reading  tao
[15:24] {Threei}  when you get it, you become capable of creating your own reactions on certain events,
[15:25] {Threei}  not just use mine
[15:25] {Threei}  because there is no way I can describe each and every turn of events, right?
[15:25] {Threei}  handle fish vs teach to fish
[15:25] {jfjf64} exacktly
[15:27] {jfjf64} amzn
[15:27] {jfjf64} breakdn
[15:33] {Threei}  watched GS .50 short and hesitated
[15:42] {nemo} amazing, we're basically going to close flat
[15:43] {dino} yeah, pretty big swing
[15:54] {Threei}  market has no idea what to do, lol
[15:54] {Threei}  these intraday swings indicate indecisiveness
[15:54] {Threei}  and ADD
[15:57] {dino} itri to .91
[15:59] {dino} out .95, +.24
[15:59] {jfjf64} wow  aapl
[15:59] {Threei}  yeah
[15:59] {Threei}  ok guys, thank you all
[15:59] {Threei}  have a good evening, see you tomorrow
[16:00] {larisa} bye!
[16:01] {dino} thx all
[16:01] {jfjf64} cya

Friday, November 19, 2010

Nov 19 2010

ATTENTION: A Taoist Trader Online Course is now available: http://www.realitytrader.com/taoisttrader.html



That was very inactive day with few trades. The best of them also made a Catch of the Day.


This trade is one of more elegant ways to play the reversal. Having traded X earlier on a long side, we started looking for short entry after an extended run. X formed little JBE mini-range between 47.90 and 48 - too brief for a confident trade. What helped though was a Doji annotated on the chart. Break of the Doji low coinciding with break of the mini-range low is pretty good reversal indication, and it worked for a nice 1::3 risk-reward. Target of .60 -.65 was called in advance as that area presented reasonable support on the intraday chart.






Session Time: Fri Nov 19 00:00:00 2010
[08:35] {RonS} gm all...u just can't make this stuff up:  http://tinyurl.com/2fu2b9o
[08:36] {Threei}  lol, saw it on TV yesterday
[08:36] {Threei}  that story really gone viral
[08:37] {davd} hi all :D
[08:38] {Threei}  davd :)
[08:39] {davd} 3i, for the most part, i use bollinger bands as the basis for starting to decide if i will trade a stock.
[08:39] {davd} do you use one main indicator?
[08:39] {Threei}  no
[08:39] {Threei}  chart formations is my bread and butter
[08:40] {davd} price and volume?
[08:40] {Threei}  yes
[08:41] {davd} lvs yesterday, buy early on the high volume and sell when it tapered
[08:42] {Threei}  didn't we short LVS yesterday?
[08:42] {Threei}  http://tradinglog.realitytrader.com/
[08:43] {davd} actually, yes, the opposite !
[08:43] {Threei}  it's not that simple
[08:43] {Threei}  chart needs to form certain things
[08:44] {Threei}  in both price and volume
[08:44] {davd} ii
[08:45] {Threei}  there is full explanation of that and much more in TTR and MPP
[08:46] {Threei}  and at the very least, you know that as a room member you have free access to online course?
[08:48] {davd} TTR and MPP - will re-read this.  thanks
[08:53] {jfjf64} mornin
[08:53] {Threei}  jf :)
[09:01] {dino} gm all
[09:01] {Threei}  dino :)
[09:12] {RonS} hibb...low vol, pulp short squeeze?  5.2 mil sh short...18 days to cover on normal volume
[09:13] {Threei}  Hibbett Sporting Goods Inc. Reports Q3 $0.44 v $0.38e, R$167.4M v $162Me
[09:13] {Threei}  - Guides FY11 EPS $1.63-1.66 v $1.54e, SSS (prior $1.45-1.55, SSS "mid to high single digit increase" on 20st Aug)
[09:13] {Threei}  - Guides Q4 $0.41-0.50 v $0.43e, SSS increase in mid-single-digit
[09:14] {RonS} Hibbett Sports Expects To Open 40-42 New Stores For FY11 HIBB       11/19 04:32 AM
[09:16] {RonS} wynn whack overnight
[09:16] {Threei}  doesn't weigh on LVS though
[09:17] {dino} wynn dividend
[09:17] {RonS} story is that "some" question their cash flow...sounds like a short pressing a story...
[09:17] {dino} 8/sh
[09:19] {RonS} i don't see that dino...???
[09:20] {ese} guten auben
[09:20] {Threei}  ese :)
[09:20] {larisa} gm :)
[09:20] {nemo} what are you trying to say ese?
[09:20] {ese} vad alris
[09:20] {Threei}  larisa :)
[09:20] {ese} laris
[09:20] {larisa} vad, ese :)
[09:21] {ese} dude
[09:21] {RonS} herestoo snorten
[09:21] {nemo} dude
[09:21] {nemo} is it a full moon?
[09:21] {ese} ya ya that was it
[09:21] {dino} gm in 33s
[09:22] {dino} ron, real$ has it, ex div 8/share
[09:22] {Threei}  yeah dino, with all the loud proclamation of success
[09:24] {RonS} crm p/e 210...lol
[09:25] {RonS} options boys had this one way wrong...priced yest for $8 move
[09:26] {RonS} dino, opinion hrbn?
[09:27] {RonS} tempting to me but that Chinese bank reserve raise could be a real buzz kill
[09:28] {dino} none
[09:29] {dino} watching mtb,brk/b, ntrs, itri, jks, meli, petd, rost, bhp, adsk, bcsi
[09:31] {jfjf64} F
[09:32] {jfjf64} LOW
[09:32] {jfjf64} IGNOR  PLS
[09:32] {jfjf64} low
[09:32] {dino} lol
[09:33] {jfjf64} oh  boy   every  symbol  i  hit   on  scanner  comming  into  room
[09:33] {jfjf64} cd  be  problem
[09:33] {jfjf64} lol
[09:33] {jfjf64} let  me   try
[09:33] {jfjf64} slv
[09:34] {jfjf64} comon
[09:34] {Threei}  wrong linking
[09:34] {jfjf64} yes
[09:34] {jfjf64} tao
[09:34] {Threei} Short Setup: RIMM  .80 break
[09:35] {jfjf64} hold  .95
[09:35] {jfjf64} ??
[09:35] {Threei}  if sets up from here, yes
[09:35] {jfjf64} ty
[09:36] {jfjf64} rf
[09:36] {jfjf64} need to  log  off
[09:36] {nemo} setting up as two way now
[09:36] {nemo} imo
[09:37] {Threei}  took aggressive with stop above 57
[09:37] {jfjf64} pfe
[09:37] {ese} i've been watching low for a few days now as well jf......that thing is bound to break out of that range...to the upside imo.....it had a very good Q
[09:37] {Threei}  could be, yes
[09:37] {nemo} yep
[09:37] {Threei}  no go
[09:38] {jfjf64} rf
[09:38] {Threei}  LVS
[09:38] {Threei}  .05 long
[09:38] {Threei}  if holding .95
[09:38] {Threei}  invalidated
[09:39] {Threei}  went for RIMM long or too fast?
[09:39] {nemo} popped on me
[09:39] {nemo} I'm not fast
[09:39] {dino} mtb luv
[09:40] {jfjf64} SYMC
[09:40] {jfjf64} SORRY GUYS
[09:40] {dino} itri sm l .70 ave, gappy
[09:41] {nemo} lvs bounce area
[09:41] {jfjf64} yhoo
[09:42] {dino} crm crazy
[09:42] {dino} planters peanuts good
[09:43] {dino} ouch jks more blood again
[09:44] {dino} wsm holds well
[09:44] {RonS} crm...is it 1999?
[09:45] {jfjf64} vxxemc
[09:45] {ese} i'm still long fitb .22 from yesterday......i like what it's doin
[09:46] {jfjf64} what a mess
[09:46] {dino} ?
[09:47] {jfjf64} my scanner  external linkin    every time  i  click  on  sym going  into  room
[09:48] {Threei}  watching X for bounce
[09:48] {dino} gremlins
[09:48] {jfjf64} tao  trader  doesnt  get  angry
[09:48] {Threei}  from .40 - .45
[09:49] {Threei}  market spike...
[09:49] {Threei}  may not get there
[09:49] {dino} wsm sm l .00
[09:49] {dino} stop .79
[09:50] {nemo} spy testing yesterday open
[09:50] {Threei} Long Setup:  X  .55 break if holding .45
[09:52] {jfjf64} BTU
[09:53] {larisa} now we know all jf secrets :)
[09:53] {jfjf64} lol
[09:54] {Threei} Short Setup: RIMM  .80 break
[09:54] {Threei}  half lot
[09:54] {jfjf64} gonna  log  out  see ya
[09:54] {jfjf64} not  yet
[09:56] {jfjf64} holdin .95
[09:57] {Threei}  .90 break aggressive, trying once again
[09:58] {Threei}  come on, lose that support
[09:58] {jfjf64} good  man
[09:59] {Threei}  no go
[09:59] {Threei}  got too greedy
[09:59] {Threei}  that spike down was for scalping
[09:59] {Threei}  but no, I wanted big drop
[10:00] {larisa} messing with both borders of the range, RIMM
[10:02] {dino} bcsi sm l .75 stop .49
[10:05] {jfjf64} wynn movin
[10:05] {jfjf64} wow  nflx
[10:05] {jfjf64} all fixed  here
[10:08] {jfjf64} no  one  talkin  to  me
[10:08] {jfjf64} not  even larisa
[10:09] {larisa} what am I, last resort ? :)
[10:09] {jfjf64} no  ya  the nice  one  from  the  group
[10:09] {dino} a bit person on all fixed
[10:09] {dino} oersonal
[10:09] {larisa} lol
[10:09] {dino} p-
[10:09] {dino} myudth
[10:09] {Threei}  rofl
[10:10] {jfjf64} ahh
[10:10] {jfjf64} les  wher  are  ya
[10:11] {jfjf64} armh
[10:11] {jfjf64} 5 min  hart like  little
[10:13] {jfjf64} wdc
[10:13] {jfjf64} .72  break
[10:13] {Threei}  X worked nicely, but only after invalidation
[10:14] {davd} yes, by .01 re x :/
[10:14] {dino} 'mtb sm l .75
[10:14] {Threei}  original idea of .40 - .45 being entry zone was right
[10:14] {Threei}  better than stop anyway, but still
[10:17] {dino} bcsi to .00, itri to .04
[10:17] {ese} L stx 68
[10:17] {Threei}  99 break
[10:17] {Threei}  half lot
[10:18] {Threei}  if stays above .90
[10:18] {jfjf64} ??
[10:18] {jfjf64} x
[10:18] {Threei}  FCX
[10:18] {Threei} Long Setup:  FCX  99 break
[10:18] {jfjf64} happy  hour  3i
[10:19] {Threei}  invalidated
[10:19] {dino} wsm to .15
[10:19] {Threei}  what is it today
[10:19] {Threei}  no trade triggers
[10:19] {dino} out +.15
[10:19] {Threei}  we broke Monday curse and Big gap up curse this week
[10:19] {Threei}  now we have to deal withg Friday invalidation curse
[10:20] {dino} out itri +.34
[10:20] {jfjf64} in  stx
[10:20] {jfjf64} .75
[10:20] {nemo} op ex  likely range day
[10:20] {jfjf64} go ese
[10:21] {ese} tks....did you see my comment on LOW earlier
[10:22] {jfjf64} out
[10:22] {jfjf64} +8 cents
[10:22] {ese} i've been watching low for a few days now as well jf......that thing is bound to break out of that range...to the upside imo.....it had a very good Q
[10:22] {dino} gj
[10:22] {jfjf64} ese  gj
[10:22] {Threei} Long Setup:  X  .40 break
[10:22] {Threei}  if stays above .30
[10:22] {dino} low  was light es
[10:23] {jfjf64} in
[10:23] {jfjf64} .42
[10:23] {nemo} given today maybe scalp?
[10:24] {jfjf64} y
[10:24] {jfjf64} .50
[10:24] {nemo} take at .39
[10:24] {nemo} .49
[10:24] {jfjf64} ton
[10:24] {nemo} yeah
[10:24] {Threei}  still...
[10:24] {Threei}  should break this
[10:24] {ese} hmmmmm  tks dino
[10:25] {nemo} predicting the future their vad?
[10:25] {Threei}  half out .49
[10:25] {nemo} good boy
[10:25] {Threei}  really want to give it a chance
[10:25] {jfjf64} .47
[10:25] {jfjf64} out
[10:25] {Threei}  market drops though
[10:25] {Threei}  whatever, justg playing by the book
[10:25] {Threei}  half out, stop trailed
[10:26] {Threei}  let the procedure work
[10:26] {Threei}  out balance
[10:26] {Threei}  LVS
[10:26] {dino} out bcsi .12, +.37
[10:26] {Threei}  waitching for bounce entry
[10:27] {jfjf64} i  will ty
[10:27] {jfjf64} x
[10:27] {jfjf64} +5cents
[10:27] {jfjf64} my  kids  gettin  peanut  butter  /jelly  tonight
[10:28] {jfjf64} .10
[10:28] {dino} lol
[10:28] {ese} sorry...i'm 1/2 out stx at .86...forgot to post
[10:28] {Threei}  LVS 48 break was scalpable...
[10:29] {nemo} look at this spy range developing
[10:29] {dino} "under pressure" just played, cool trading song
[10:30] {jfjf64} lol
[10:30] {jfjf64} x
[10:30] {nemo} Queen?
[10:30] {jfjf64} break  down  3i
[10:32] {jfjf64} in
[10:32] {jfjf64} .39
[10:32] {ese} call it the profit killer nemo.....
[10:32] {jfjf64} die
[10:33] {jfjf64} out
[10:33] {jfjf64} .44
[10:33] {dino} y nemo
[10:35] {dino} itri reload .15 sm l
[10:36] {Threei}  sheesh LVS
[10:37] {nemo} cute ese
[10:38] {ese} stopped break even on balance of stx
[10:38] {ese} profit killer?    i liked it
[10:38] {dino} all green
[10:38] {dino} scanners that is
[10:40] {Threei}  not getting rythm today
[10:40] {ese} thought you were talking about your environmental stance
[10:40] {dino} itri to .19
[10:41] {Threei}  yeah, dino is youtr typicasl tree hugger, lol
[10:41] {dino} yeah, right, me the r.e. speculator
[10:41] {jfjf64} atw
[10:42] {Threei}  speaking of green,
[10:42] {Threei}  LZEN IPO opens for trading at $4.00
[10:42] {Threei}  LZEN] Lizhan Environmental Corp
[10:42] {nemo} spy shoul run to .92
[10:43] {jfjf64} ya  tk  dino
[10:43] {jfjf64} atw
[10:47] {jfjf64} cree
[10:47] {jfjf64} missed
[10:48] {jfjf64} abx
[10:48] {jfjf64} .86
[10:48] {jfjf64} break
[10:49] {jfjf64} hold .75
[10:50] {Threei}  this is what I expected from X
[10:50] {Threei}  just without a shakeout
[10:51] {jfjf64} cree
[10:51] {jfjf64} grrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrr
[10:53] {Threei} Short Setup: X  .90 break
[10:53] {Threei}  if stays under 48
[10:57] {Threei}  target about .60 - .65, with partials along the way
[10:58] {Threei}  1:1
[10:58] {Threei}  half out
[10:59] {Threei}  1:2, 1/4 more out
[10:59] {dino} ty x vad
[10:59] {jfjf64} stop
[10:59] {Threei}  welcome
[11:00] {Threei}  finally got it right
[11:00] {jfjf64} .60
[11:00] {jfjf64} lets  get hm
[11:00] {jfjf64} out
[11:01] {Threei}  lol.., "I was gropped by TSA, and all I got was this lousy t-shirt"
[11:01] {Threei}  "audacity of grope"
[11:01] {jfjf64} ty  3i
[11:01] {Threei}  target hit
[11:01] {Threei}  welcome sir
[11:01] {RonS} touch my junk and i demand a happy ending
[11:01] {jfjf64} you  got  it  right
[11:01] {Threei}  lol
[11:02] {jfjf64} bidu
[11:02] {jfjf64} .16
[11:04] {jfjf64} invalid
[11:05] {dino} lol ron
[11:05] {dino} itri to .31 brb
[11:09] {Threei}  sheesh RIMM
[11:10] {dino} out itri +.13
[11:18] {jfjf64} mrvl
[11:18] {jfjf64} .26
[11:21] {jfjf64} 1/1
[11:22] {jfjf64} half  out
[11:22] {jfjf64} stop  b/e
[11:24] {jfjf64} out
[11:27] {jfjf64} dino
[11:27] {jfjf64} amgn
[11:29] {davd} in amgn .93 small
[11:30] {jfjf64} ditto
[11:30] {RonS} finally 3i, the explanation to the poll results that you find so incredulous: http://www.cnbc.com/id/40257359
[11:30] {jfjf64} stop.88
[11:30] {Threei}  ahha!
[11:30] {Threei}  ty Ron
[11:31] {Threei}  that'll do it
[11:32] {davd} stop .88 amgn
[11:32] {dino}  mtb to .15
[11:33] {dino} out +.40
[11:33] {jfjf64} gj
[11:33] {dino} ty
[11:34] {jfjf64} bounc
[11:34] {jfjf64} out
[11:34] {jfjf64} sorry david
[11:35] {jfjf64} ya still in
[11:36] {davd} out amgn stopped
[11:36] {davd} no prob, na,me of the game
[11:36] {jfjf64} dog  with  fleas
[11:36] {jfjf64} im  outta  here
[11:36] {jfjf64} see all  later
[11:36] {Threei}  take care jf
[11:36] {jfjf64} or  monday
[11:37] {jfjf64} depeds
[11:37] {jfjf64} might be  liquid  lunch
[11:38] {nemo} amgn pivot at .82. likely there
[11:39] {nemo} coincides with .50 retracement
[11:39] {dino} cya jf
[11:39] {nemo} see orders .85
[11:40] {nemo} bis
[11:40] {nemo} bids
[11:42] {davd} in meli .93
[11:52] {dino} kirk, cent, crmt, atw
[11:54] {dino} atw sm l .90 stop .59
[11:56] {davd} x d/b ?
[11:57] {Threei}  nah
[11:58] {davd} good 'cause can't ake x anymore
[11:58] {davd} take
[11:58] {nemo} 23.6 retracement is the bottom of that hammer
[12:13] {Threei}  TM Plans to double hybrid models by end of 2012, to offer 11 new hybrid models - Nikkei news (25.61, +0.59, 2.36%)
[12:13] {Threei}  the world becomes greener by minute
[12:14] {davd} out meli .5
[12:17] {dino}  gj
[12:17] {davd} +.57
[12:17] {davd} i moved the stop below the 5 minute low
[12:18] {davd} good call on .92 on spy - i used it
[12:18] {davd} nemo
[12:19] {nemo} just gap close, actually went to yesterday's close  You had close, open, and pivot all within .07 of each other...
[12:20] {davd} yes, that is what it is, but you called it.
[12:20] {nemo} ty
[12:24] {dino} crmt drop
[12:26] {dino} adsk sm l .70
[12:28] {dino} crmt sm l .71 gappy
[12:29] {davd} adsk .7 small
[12:33] {ese} gotta go....duty calls.....still L fitb    have a great weekend all
[12:33] {RonS} cya ese
[12:33] {Threei}  take care ese
[12:35] {dino} cya es
[12:43] {dino} zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz
[12:44] {Threei}  I would capitalize that
[12:44] {Threei}  ZZZZZZZZZZZZ
[12:50] {dino} davd i think we froze adsk
[12:51] {davd} we took the auto out of it.
[12:51] {Threei}  lay off that nailgun, will ya
[12:54] {dino} ccih
[13:04] {Threei} Short Setup: AEM  70 break if stays under .10, half lot
[13:05] {nemo} 78 break?
[13:05] {Threei}  yeah
[13:06] {Threei}  70 is just a tad too far
[13:06] {Threei}  not by much but still
[13:06] {nemo} smidgeon
[13:11] {RonS} is this a gold co?
[13:12] {Threei}  yeah
[13:12] {nemo} mining
[13:13] {RonS} or maybe molassas?
[13:14] {Threei}  or that
[13:14] {nemo} need market to drop
[13:14] {RonS} need gold to drop
[13:14] {Threei}  GDX is probably the best leading indicator for it
[13:15] {RonS} gold futes ran to 1354.5 and backed off...now 1352.8
[13:16] {RonS} atw wall at 36 dino...
[13:16] {RonS} gc futes 1352
[13:19] {dino} and falls
[13:39] {dino} itri sm l .91
[13:45] {davd} in itri .9 sm
[13:46] {RonS} hft holiday?
[13:48] {dino} it seems so
[13:49] {RonS} brb, i need to go to an appointment to execute a trade...
[13:52] {Threei}  lol
[13:52] {Threei}  IMO, market is about to reverse down
[13:54] {dino} i think its just going to stop
[13:54] {RonS} i think it has stopped
[13:56] {dino} crmt to .99
[13:57] {dino} out +.28
[13:58] {davd} stop itri dino?
[14:01] {dino} .59
[14:02] {davd} out adsk stopped
[14:02] {Threei}  no go AEM
[14:07] {Threei}  so, no one called for the market to go up
[14:07] {RonS} puda ovti
[14:07] {Threei}  down and stall
[14:07] {Threei}  of course it went up
[14:07] {nemo} market gonna test at least .25 area
[14:13] {dino} kytclignug,uitbmdvstej,,nk
[14:13] {RonS} norwegian, finnish?
[14:14] {Threei}  we give up dino
[14:14] {RonS} dingleberry?
[14:14] {RonS} i.e. Klingon?
[14:15] {dino} nonsense
[14:17] {RonS} crus
[14:23] {Threei}  be back in 20
[14:30] {Les} {--------slaps the fish with an SLW .82 entry price
[14:30] {Les} beautiful break in silver today
[14:32] {Les} otherwise CSCO for +.05
[14:32] {dino} atw stopped -.17
[14:32] {Les} what else you in dino?
[14:33] {dino} adsk stopped -.21
[14:33] {dino} itri
[14:33] {dino} watching crmt again, gapy
[14:37] {dino} missed it
[14:40] {Les} looking for short opps now. NKE WDC
[14:41] {Les} CRM maybe for 100 shares
[14:43] {dino} feels up to me
[14:43] {RonS} whadya work for the TSA?
[14:43] {Les} hate these days. indexes crawling up the moving averages
[14:43] {RonS} :D
[14:44] {Les} TSA?
[14:44] {RonS} transpotation safety admin
[14:44] {RonS} transportation
[14:45] {nemo} lorl
[14:45] {Les} someone's bored ;)
[14:45] {jfjf64} ADSK
[14:46] {Les} bloody hell. can fly an A380 thru that spread Nemo!
[14:47] {RonS} uh, but they are grounded...
[14:47] {Les} good answer
[14:47] {Threei}  back
[14:49] {nemo} lorl
[14:49] {RonS} sheesh i thought you mistyped lol
[14:49] {nemo} dingleberry
[14:50] {Threei}  TSLA Moves lower following reports Ford has denied earlier chatter that it was pursuing a buyout of the company (30.50, +0.61, 2.04%) (related F )
[14:50] {RonS} rotflol
[14:50] {Threei}  LORL Intelsat has reportedly hired advisors to pursue a buyout of Telesat
[14:50] {Threei}  - Note: Loral supplies satellites for Intelsat and has a financial interest in the company (71.29, +3.54, 5.23%) (related BCE )
[14:50] {RonS} to the Chinese?
[14:51] {Les} afternoon vad
[14:52] {RonS} monster move and w/o many shorts
[14:52] {Threei}  hey Les
[14:52] {Les} yeh looking for entry but not thinking about it yet
[14:53] {Les} damn huge moves. ain't touching it
[14:54] {Les} sweet LVS short yesterday
[14:55] {dino} adsk sm l .15
[14:59] {Threei}  X today too
[14:59] {Threei}  US President Obama: NATO agrees to implement missile defense systems that covers NATO region
[14:59] {Threei}  - Reminder: NATO has been at odds with Russia over missile defense, whether or not to house them in Europe, and whether Russia would technically be 'under the shield'
[15:00] {RonS} Did ya hear what James Craville said last night?
[15:00] {Threei}  yes, lol
[15:00] {RonS} Carville
[15:01] {Threei}  he was backtracking that
[15:01] {Threei}  "just a joke"
[15:01] {RonS} lol
[15:02] {RonS} too bad mags not here to comment...
[15:03] {dino} mtb
[15:04] {dino} sm l .90
[15:06] {jfjf64} lvs  .12
[15:07] {dino} atw rinsed
[15:09] {jfjf64} no go
[15:09] {Les} s NKE .96 stop above .10
[15:12] {Les} stop above 86
[15:12] {RonS} short crm Les?
[15:12] {Les} NKE
[15:14] {RonS} $17 bil in nominal value traded crm today...wow
[15:14] {Les} cover +:12
[15:14] {Les} .12
[15:14] {Les} outta here. gotta help the boy play harry potter on the PS
[15:15] {Les} c u's tomorrow
[15:15] {Threei}  Monday rather
[15:15] {jfjf64} enjoy les
[15:15] {dino} cya les
[15:19] {jfjf64} watchin  ba   nother leg  down
[15:22] {jfjf64} maybe  not
[15:22] {jfjf64} .48
[15:26] {dino} hhc
[15:28] {jfjf64} market  gettin  hit  ba   pushin
[15:33] {dino} adsk stopped
[15:34] {jfjf64} out
[15:34] {jfjf64} no go
[15:34] {nemo} I'm off, talk to you monday
[15:34] {dino} back in ten
[15:34] {dino} cya nemo
[15:34] {jfjf64} later nemo
[15:34] {RonS} cya nemo
[15:34] {jfjf64} ota here also
[15:34] {Threei}  take care nemo
[15:35] {RonS} cya jf
[15:35] {jfjf64} see ya   rs
[15:39] {Threei}  wow
[15:39] {Threei}  that must have hurt:
[15:39] {Threei}  http://www.bbc.co.uk/news/world-africa-11795932
[15:41] {RonS} would have expected the herd to come and trample the bugger
[15:43] {Threei}  ok guys, let's have a good relaxing weekend
[15:44] {Threei}  very inactive day
[15:44] {Threei}  doubt last 15 min would change that
[15:44] {Threei}  see you on Monday
[15:45] {larisa} bye all!

Thursday, November 18, 2010

Nov 18 2010

3 early plays resulted in 3 wins, one of them made Catch of the Day below. Other than that, room members found a few more nice plays, and do read a funny exchange about A Taoist Trader course 11:45 - 11:55


LVS spiked up sharply on the morning enthusiasm caused by GM, bounce from oversold and whatnot. Normally I'd wait for clear double top or some other reversal setup, but things were happening quickly so we settled on a bit more risky kind of entry. LVS touched .35, retreated under .30 and made a few quick moves between .20 and .30 within 1 min, 9:38, so even 1 min chart doesn't show that. It's "You had to be there" kind of things, but the idea is traditional: forming a range, then breaking it to trigger the trade. Upper limit of this mini-range was .30 - not even trying to retest the high at .35; this added some confidence to taking short position. 1:4 risk-reward was reached quickly as Sir Newton was proven right.




Session Time: Thu Nov 18 00:00:01 2010
[07:59] {nemo} somebody call Dino and tell him to go back to bed
[07:59] {jfjf64} MORNIN  NEMO
[07:59] {nemo} accurate assessment
[08:00] {jfjf64} 3i  sleepin in
[08:01] {jfjf64} early  bird  gets  the  worm
[08:01] {nemo} I don't like the taste
[08:01] {jfjf64} not  bad
[08:02] {jfjf64} used to  eat when  younger  tequilla
[08:02] {nemo} yeah
[08:02] {jfjf64} do  they  still hv  worm  in  tequilla
[08:02] {nemo} yeah
[08:02] {jfjf64} yeah
[08:03] {jfjf64} man  of  many  wors
[08:03] {jfjf64} yeah
[08:03] {jfjf64} words
[08:03] {nemo} Right
[08:03] {nemo} Just call me Cal
[08:03] {jfjf64} cal
[08:04] {nemo} Calvin Coolidge...famous for his lack of loquaciousness
[08:04] {jfjf64} going for  run   see ya  hour
[08:04] {nemo} thanks for the warning
[08:04] {jfjf64} cal
[08:04] {jfjf64} wasnt  he  pres
[08:05] {nemo} yes
[08:05] {jfjf64} der
[08:05] {jfjf64} lol
[08:05] {nemo} german article
[08:05] {nemo} masculine
[08:05] {jfjf64} heard  he  at  lot of  worms
[08:05] {jfjf64} ??
[08:05] {nemo} really? didn't know that
[08:06] {jfjf64} oh  boy
[08:06] {nemo} "der"  is the masculine article in german
[08:06] {jfjf64} realy
[08:06] {nemo} Der Mann.  Die Frau. Das Frauelein
[08:06] {nemo} jawohl
[08:06] {jfjf64} ??
[08:07] {nemo} jawohl= emphatic "yes" or agreement
[08:07] {nemo} You would have heard Seargeant Schulz say it
[08:07] {jfjf64} easy
[08:08] {nemo} einfach
[08:08] {jfjf64} 3i tao trader  takin up  enough of  my  brain
[08:08] {nemo} that's 1 of 2 things
[08:08] {jfjf64} einfach
[08:08] {nemo} einfach=easy
[08:09] {nemo} or  entspannen=relax=easy, as in take it easy
[08:09] {nemo} regarding your comment on tao trader
[08:10] {nemo} means either there is a veritable cornucopia of information-the cup runneth over, or...the cup ain't that big
[08:10] {nemo} aren't you sorry you got me going
[08:10] {nemo} ?
[08:10] {jfjf64} YES
[08:10] {jfjf64} now that  ya  mentioned  it
[08:11] {jfjf64} see ya
[08:11] {jfjf64} spy  up  big
[08:12] {jfjf64} gm   think  lot  to  do  with it
[08:13] {davd} gm all
[08:14] {nemo} just way oversold
[08:29] {Threei}  yawn
[08:30] {Threei}  hmmm... back to sleep?
[08:30] {nemo} call dino tell him to go back to bed
[08:36] {RonS} gm gents...got the ntap 50.20 on the ah open...guess I should have held...dadnabbit  :P
[08:36] {RonS} still +1.00
[08:37] {Threei}  ron :)
[08:37] {Threei}  well, you never know
[08:37] {Threei}  odds of pop-up at the open were high
[08:37] {Threei}  what cxomes next is rather guess
[08:37] {RonS} so true...Murphy lives...
[08:59] {Threei}  EU) ECB's Trichet: Affirms interest rates remain appropriate; extraordinary measures are temporary
[08:59] {Threei}  - Highlights concern over the "depth" of the stability pact.
[08:59] {Threei}  - The eurozone comprises 16 states and is not a fully integrated political entity.
[08:59] {Threei}  concern over the "depth" of the stability pact, eh
[09:02] {nemo} go back to bed dino
[09:03] {dino} gm all
[09:03] {dino} lol
[09:03] {Threei}  dino :)
[09:04] {dino} gj ntap ron
[09:05] {RonS} dumb luck but not too bad on the heart palpatation front since strong numbers...but when it halted...sheesh
[09:06] {Threei}  yeah, nerve wrecking
[09:07] {dino} sucks
[09:08] {RonS} small shares so classic dino play.  In times past would not have even tried.So thanks dino for exposing your style.
[09:09] {dino} np
[09:11] {RonS} fire...John Najarian confirmed they cancelled out of a major presentation.  He called them and got a "no commetn".  Classic takeover behavior.
[09:13] {larisa} gm :)
[09:13] {RonS} ...for those interested the najarian borthers have a tremedous amount of integrity...imo
[09:13] {Threei}  larisa :)
[09:14] {RonS} tremendous
[09:14] {larisa} vad, Ron :)
[09:14] {RonS} hi larisa  ;)
[09:15] {davd} hi larisa and rons
[09:16] {larisa} davd :)
[09:16] {Threei}  davd :)
[09:16] {Threei}  C SEC looking into a Citigroup deal from 2007, probing Citi's conduct in a $1B mortgage deal - Propublica (4.19, 0.00, 0.00%) (related BAC GS XLF )
[09:16] {davd} threei dino
[09:17] {Threei}  (UK) UK PM Cameron: Ireland bilateral aid is possible as UK has deep relationship with the country
[09:17] {Threei}  - Bilateral aid would add to the UK deficit
[09:17] {Threei}  and of cource UK is all too eager to do that
[09:18] {Threei}  General Motors Corp Reminder: IPO to open for trade on NYSE today
[09:18] {Threei}  - priced 478M shares at $33/share, in an increased offering pricing above original $26-29 range. The company also raised $4.35 billion in a larger-than-expected sale of mandatory convertible preferred stock, which pays a 4.75% dividend
[09:18] {Threei}  - Lead managers Morgan Stanley, JP Morgan and BofA/Merrill
[09:18] {Threei}  - Second largest automaker in world by volume
[09:18] {Threei}  - US Treasury's ownership falls below 30%
[09:18] {Threei}  - To open for trade on NYSE under GM and also on the Toronto stock exchange under symbol GMM
[09:18] {Threei}  GM CNBC: NYSE specialist sources note opening range to be between $36-37 (36.95, 0.00, 0.00%)
[09:18] {ese} morning
[09:18] {Threei}  ese :)
[09:19] {dino} govt at 37% after ipo, cnbc stating
[09:21] {Threei}  General Motors Corp Following waiting period of at least 6 months, government to sell its remaining shares in GM at an average $50/shr to break even - McClatchy Tribune Information Services
[09:21] {Threei}  - No specific timing outlook for complete exit.
[09:21] {dino} how do they know they get 50?
[09:22] {nemo} yeah, and someone calculated gm would have to sell for 130 a share for the US to break even, so we just lost $100 a share
[09:22] {Threei}  he means they need 50 to break even I guess
[09:22] {jfjf64} mornin all
[09:23] {nemo} I have a feeling that's a pr number
[09:23] {Threei}  jf :)
[09:23] {RonS} 3i is correct...still $10 bil in the hole at ipo price...claculating remaing ownership time what price gets breakeven
[09:23] {ese} am eyeing hgsi again
[09:24] {RonS} all false accounting anyway...how many trillions have been thrown at the economy to bubble conditions to get gm to this point?
[09:32] {Threei} Short Setup: X  .30 break half lot
[09:33] {Threei}  .40 and .45 for scalpers and day traders
[09:35] {Threei} Short Setup: LVS  .20 break
[09:35] {Threei}  half lot
[09:35] {Threei}  GM *IPO OPENS FOR TRADE AT $35.00
[09:36] {nemo} stop on lvs?
[09:37] {Threei}  abive .35
[09:37] {Threei}  cover half
[09:37] {jfjf64} die   x
[09:37] {Threei}  1:1
[09:37] {Threei}  scalpers take profit
[09:38] {nemo} ty
[09:38] {Threei}  welcome
[09:39] {Threei}  X, let's trail to .40 everyone, scalper or not
[09:39] {Threei}  1:2 LVS
[09:39] {jfjf64} ty
[09:39] {Threei}  1/4 more
[09:39] {Threei}  1:3
[09:39] {Threei}  your choice, cover or trail
[09:40] {Threei}  if trailing, try to cover in full around .65
[09:41] {Threei}  bunhc of numbers in 20 min
[09:41] {Threei}  (US) Preview: Nov Philadelphia Fed Index due out at 10:00ET
[09:41] {Threei}  (US) Preview: Q3 Mortgage Delinquencies due out at 10:00ET
[09:41] {Threei}  (US) Preview: Oct Leading Indicators due out at 10:00ET
[09:41] {Threei}  .65 is here
[09:41] {nemo} gm dropping like Obama's ratings
[09:42] {Threei}  +.60
[09:42] {Threei}  over and out
[09:42] {dino} lol
[09:43] {jfjf64} share a litttle  with   x
[09:43] {jfjf64}   wanna  beat  this  down
[09:43] {nemo} traded 82 million shares already
[09:45] {Threei}  X 1:1
[09:46] {jfjf64} out
[09:46] {jfjf64} ty
[09:46] {jfjf64} grrrrrrrrrrrrrrrrrrrrrrrrrrrr
[09:46] {Threei}  yw
[09:46] {Threei}  (UK) BoE's Posen: Policymakers do not have the ability to detect harmful asset bubbles in real time
[09:47] {Threei}  1:2
[09:47] {dino} cov x +.24 ty 3i
[09:47] {Threei}  hey, did we break the curse of big gap up days today?
[09:48] {Threei}  dino :)
[09:48] {jfjf64} yup
[09:48] {jfjf64} its  that  TAO  stuff
[09:48] {Threei}  let's frame the money, put it on the wall and go sleep
[09:48] {Threei}  yes jf
[09:48] {dino} lol
[09:48] {Threei}  Tao rules
[09:50] {Threei}  so, haitians blame UN peacekeepers for bringing cholera
[09:50] {Threei}  as much as I love and rfespect UN, sounds about right
[09:51] {Threei}  funny line: No 2 mob boss arrested in Japan
[09:51] {Threei}  I want to add: No 1 mob boss personally put handcuffs on him
[09:52] {Threei}  too bad we can't short GM
[09:52] {Threei}  35 break is calssic setup
[09:54] {Threei}  look how it works
[09:54] {Threei}  like charm
[09:54] {jfjf64} drys  lot  vol
[09:55] {RonS} positive report on their deep water drilling biz jf...say rates have bottomed and are moving up
[09:56] {jfjf64} ty  rs
[09:56] {ese} dino what are you looking at
[09:56] {dino} shld, hum, wlt, wsm, wern
[09:57] {ese} am just looking at hum
[09:57] {RonS} wlt buying some aus coal firm
[09:58] {ese} so just a dn Q for hum but outlook still good hmmmm
[09:58] {dino} y
[09:58] {dino} lowered guidance es
[09:58] {dino} wern news?
[09:59] {Threei}  *(US) NOV PHILADELPHIA FED: 4.5 V 5.0E
[09:59] {Threei}  *(US) Q3 MORTGAGE DELINQUENCIES: 9.13% V 9.85% PRIOR (Q2)
[09:59] {Threei}  *(US) OCT LEADING INDICATORS: 0.5% V 0.5%E
[10:00] {Threei}  WERN, I see nothing since Nov 9
[10:01] {dino} same
[10:01] {dino} sm l .45, stop .14
[10:02] {dino} make stop .19
[10:02] {RonS} they corrected the Philly number 3i
[10:02] {RonS} 22.5
[10:03] {Threei}  *(US) NOV PHILADELPHIA FED: 22.5 V 5.0E
[10:03] {Threei}  huh?
[10:03] {Threei}  sheesh
[10:04] {nemo} can't be
[10:04] {davd} out whr 77 (prev day)
[10:04] {Threei}  Sub-Indices:
[10:04] {Threei}  - Prices Paid: 34 v 31.5 prior
[10:04] {Threei}  - New Orders: 10.4 v -5.0 prior
[10:04] {Threei}  - Employment: 13.3 v 2.4 prior
[10:04] {Threei}  - Inventories: -5.9 v -18.6 prior
[10:04] {Threei}  all the numbers look screwed up horribly
[10:05] {nemo} input prices make sense
[10:09] {dino} kra sm l .60 stop .34
[10:10] {nemo} looks like trend day
[10:10] {Threei}  the % of idiots is as elusive as ever:
[10:10] {Threei}  38% Say U.S. Legal System Favors Individual Rights Over National Security
[10:11] {Threei}  26% Say U.S. Heading in Right Direction
[10:11] {Threei}  go figure
[10:11] {nemo} spy should reache 120.90
[10:16] {ese} kra nice dino
[10:17] {dino} kra to .49
[10:18] {jfjf64} aapl
[10:18] {jfjf64} 308
[10:18] {jfjf64} break
[10:19] {Threei} Short Setup: RIMM  .50 break
[10:19] {Threei}  half lot
[10:20] {Threei}  if stays under .65
[10:21] {Threei}  1:1
[10:21] {jfjf64} give  upp 20ma
[10:22] {Threei}  had to go for secoind chance entry, original break was unobtainable
[10:22] {Threei}  but the bounce back to .49 and with huge offer chasing it down at .50 was perfect
[10:22] {jfjf64} correct  ya  learnin
[10:22] {jfjf64} lk that
[10:23] {jfjf64} hold .43
[10:23] {jfjf64} we  good
[10:24] {Threei}  yes, this same offer
[10:24] {Threei}  still chasing it down
[10:24] {Threei}  at .33 now
[10:26] {jfjf64} aapl
[10:26] {dino} pssi sm l .70
[10:27] {jfjf64} ty  rimm
[10:28] {jfjf64} aapl
[10:28] {jfjf64} aapl
[10:29] {Threei}  *EIA NATURAL GAS INVENTORIES: +3 BCF VS. +5 TO +10 BCF ESTIMATE RANGE (related UNG USO )
[10:30] {ese} ahhhhhh  L pssi 1/2.75   i'm in
[10:32] {ese} L zion .89 full
[10:36] {dino} mtb sm l .74
[10:36] {ese} ya know...the name of that bank sounds like you've sent your money into outer space ZZZZZZIIIIIIIIIIIIION!
[10:36] {ese} good by!!!
[10:36] {ese} bye
[10:37] {dino} the matrix
[10:37] {ese} ya
[10:37] {RonS} Mormon church bank ese...originally
[10:37] {ese} pssi....tire pressure for car?
[10:38] {ese} ahhh   didn't know that
[10:38] {ese} traditional investing values involved
[10:38] {nemo} stop mtb dino?
[10:38] {dino} .43
[10:38] {jfjf64} go aapl
[10:39] {jfjf64} gimme  my  buck
[10:39] {ese} you in jf
[10:39] {jfjf64} y
[10:40] {ese} where
[10:41] {jfjf64} 308.04
[10:41] {ese} nice....1/2 way there
[10:41] {ese} 10,000 shs?
[10:41] {jfjf64} lol
[10:42] {jfjf64} 300
[10:42] {ese} demi god status
[10:43] {jfjf64} need to  hold    ma
[10:45] {jfjf64} out
[10:46] {jfjf64} prob  mistake
[10:46] {dino} wsm lod
[10:46] {ese} tire pressure gone from pssi dino
[10:47] {dino} yeah
[10:48] {dino} wsm sm l .60
[10:48] {dino} stop .29
[10:48] {ese} out 1/2 zion .09 +.19
[10:48] {dino} gj
[10:49] {ese} tks
[10:49] {ese} stop to break even balance
[10:50] {ese} this is a vad classic trade........it's makes a couple of thousand the way he does it
[10:50] {ese} but i'm not that good
[10:59] {dino} meru
[11:00] {ese} was expecting the online rebuke with that previous crack......but being ignored is way more devastating.......i'll never recover
[11:00] {dino} slap
[11:01] {ese} will be banned from the board i'm sure
[11:02] {Threei}  lol
[11:04] {dino} wsm to .90
[11:04] {dino} thing is stuck
[11:05] {ese} pssi re inflating
[11:05] {dino} lol
[11:06] {dino} brb
[11:15] {dino} wsm stopped +.32
[11:15] {dino} jks blood again today
[11:16] {dino} need bottom nemo, jks
[11:19] {dino} sm l .70
[11:19] {dino} stop lod
[11:24] {dino} jks to b/e
[11:25] {dino} out flat
[11:26] {dino} want re-test
[11:28] {ese} ahhhhhh zion......wha did i tell youzzzz about vads way of doing things.......it's gonna make millions i tell ya millions
[11:29] {dino} sm l .45
[11:30] {ese} stop to .15 zion
[11:30] {dino} gj
[11:30] {ese} millions!!!!!! I tell ya millions!!!!!!1
[11:31] {ese} no online rebuke again.........this is devastating to my ego.....argh
[11:32] {dino} lol
[11:33] {RonS} what can you say to someone foaming at the mouth?
[11:33] {RonS} only magoo can be this delusional
[11:33] {Threei}  lol
[11:33] {RonS} :D
[11:34] {Threei}  ese, have you seen our premier backtracking tax cut?
[11:34] {dino} roflol
[11:34] {Threei}  guy can't be fired fast enough
[11:34] {Threei}  I don't think he is sane
[11:38] {ese} ya......what a doof
[11:38] {ese} L fitb .22
[11:40] {dino} they all lie
[11:45] {ese} didn't someone start screaming at him in cabinet yesterday or the day beofore.......sounds like they are sick and tired of him also
[11:45] {larisa} "A TAOIST TRADER" is very smart and very original idea too. Congrats Vad. How long it took to write this one?
[11:46] {Threei}  thank you larisa
[11:46] {ese} couple of days i'm sure
[11:46] {nemo} too long
[11:46] {Threei}  it actually took much longer than any of my opther works
[11:46] {Threei}  about year and half
[11:46] {ese} ahhhh a week?
[11:46] {Threei}  MPP took 6 month
[11:46] {nemo} thats because of that jerk you had helping you
[11:47] {Threei}  lol
[11:47] {ese} heyy it wasn't me alright
[11:47] {larisa} I am in the middle, it is incredible actually. Sometimes I feel I am not smart enough for  it, but i will try my best :)
[11:47] {nemo} It was Les
[11:47] {Threei}  mostly because unlike all other things I have written, this one was not fully in my head before I began
[11:47] {Threei}  I was discovering things as I wrote
[11:48] {Threei}  you are making me blush
[11:48] {Threei}  and it takes a lot to make me blush
[11:48] {larisa} well,  you deserve it :)
[11:48] {Threei}  ty
[11:48] {larisa} this time :)
[11:48] {Threei}  lol
[11:49] {Threei}  I hinestly consider it to be most important thing out of everything I've written
[11:49] {dino} hey, nemo is mentioned in it
[11:49] {nemo} that's the fish
[11:50] {Threei}  and nemo was absiolutely instrmental in it, if that's the right word
[11:50] {Threei}  he actually introduced me to the whole thing
[11:50] {dino} wtg nemo
[11:51] {Threei}  and patiently coped with my multiple writings, rewritings and misplacing of articles
[11:51] {Threei}  now, here is the funny thing
[11:51] {nemo} I've edited for russians before ;)
[11:51] {Threei}  normally, chapter would return from him with edits,
[11:52] {Threei}  and I just go through it clicking "accept change", because majority of changes was A, THE etc
[11:52] {Threei}  things that we ruissians just don't get since our ,anguage has no such concept at all
[11:52] {Threei}  so, one of them comes
[11:52] {Threei}  I scroll through,
[11:52] {Threei}  click those "accpet changes" almsot automatically
[11:53] {Threei}  then realize that one that I just accepted looked suspiciously strange,
[11:53] {Threei}  return to it
[11:53] {Threei}  and read:
[11:53] {Threei}  "what the fuick does that mean?"
[11:53] {dino} roflol'
[11:53] {nemo} oh yeah, I remember that
[11:53] {Threei}  if I didn't return and niotice it, that would be what a reader got now, lol
[11:54] {larisa} it is there, page 186
[11:54] {Threei}  rofl
[11:54] {Threei}  OK, I admit, made me look
[11:54] {larisa} :)
[12:01] {Threei}  look at the volume duvergence:
[12:01] {Threei}  - NYSE volume 550M* shares, about 43% above* its three-month average; advancers lead decliners by 4.7:1.
[12:01] {Threei}  - NASDAQ volume 875M shares, about 2% above its three-month average; advancers lead decliners by 4.1:1.
[12:05] {dino} jks to .95
[12:07] {dino} to .05
[12:07] {dino} wsm lod area
[12:07] {nemo} likely to go to vwap currently at .4 and dropping slightly
[12:08] {nemo} you short wsm?
[12:08] {dino} no was long for +.30
[12:08] {dino} may hit again
[12:08] {dino} jks to .25
[12:09] {dino} out jks +.80
[12:11] {nemo} oh sorry vwap was .4
[12:11] {dino} wsm sm l .51
[12:12] {dino} oh man, where were you when i needed that
[12:12] {nemo} vwap was .49
[12:12] {nemo} frickin' number keys are sticking...rabbit must have peed on them
[12:12] {Threei}  rofl
[12:12] {dino} more like the mouse
[12:13] {nemo} Yeah, fell asleep for a few minutes after the close, thing is sitting on my chest with that, "and just when were you going to feed me.." look
[12:13] {dino} pssi to b/e, slow
[12:14] {dino} wsm stop is .24
[12:17] {dino} mtb stopped -.31
[12:18] {nemo} stop on wsm dino?
[12:19] {nemo} short below .30 vad on wsm?
[12:19] {nemo} yep
[12:19] {nemo} didn't get it though
[12:20] {davd} thought on why 30yr treasury is rallying - related to not extend build america muni bond program?
[12:22] {dino} wsm rinsed
[12:23] {Threei}  really not sure nemo
[12:23] {nemo} it worked for a scalp, and then bounced
[12:23] {Threei}  see how unsure I aam?
[12:23] {Threei}  even after it worked, I am still not sure
[12:24] {nemo} look at it now, lunchtime action
[12:24] {dino} its a pig
[12:25] {dino} 31.80s
[12:25] {nemo} I've got 31.60 for support
[12:31] {dino} locked at .65
[12:32] {nemo} ?
[12:32] {dino} waiting
[12:32] {nemo} oh, wsm
[12:35] {dino} sm l .25
[12:43] {nemo} ntap, short or long?  ;)
[12:43] {dino} looks short
[12:43] {dino} chart rolling
[12:44] {nemo} at fib retracement here
[12:45] {dino} mtb, .75 going to hold?
[12:47] {dino} 20 sma
[12:47] {nemo} looking good, but would expect a db
[12:48] {nemo} .54 next stop
[12:49] {nemo} I've got .2 below that
[12:51] {dino} i think its in
[12:51] {dino} sm l .75
[12:52] {nemo} .29 below that, sorry
[12:52] {Threei}  wow
[12:52] {dino} below that is gap worry 74.70s
[12:52] {Threei}  here comes nugget of wisdom from the mouth of the
[12:52] {nemo} what wow?
[12:52] {Threei}  Fannie Mae Fannie Mae analyst: 2010 should be the bottom of housing market, Q4 home sales will be subdued due to foreclosure issue
[12:52] {Threei}  - Homes sales forecast -8% in 2010, then +3% in 2011.
[12:53] {Threei}  ASTM Halted: news pending (4.42, +0.22, 5.24%)
[12:53] {Threei}  this ought to be i\nteresting
[12:53] {nemo} rimm db
[12:53] {Threei}  thing ran like crazy for a few weeks
[12:54] {Threei}  we also have three stooges preparing to speak
[12:54] {Threei}  Three Fed speakers scheduled this afternoon
[12:54] {Threei}  - Fed Gov Warsh participating in a panel discussion at 13:00ET.
[12:54] {Threei}  - Minneapolis Fed Pres Kocherlakota to speak at 13:30ET.
[12:54] {Threei}  - Philadelphia Fed Pres Plosser speaks at the Cato Institute at 16:30ET.
[12:56] {dino} they're all trying to be rock stars
[12:58] {Threei}  but they are... they saved the country
[12:58] {Threei}  did the god' work
[12:58] {Threei}  well, they never told us which country, to be sure
[12:59] {Threei}  maybe they meant their houses at countryside...
[13:00] {nemo} no volume coming in yet on mtb
[13:00] {RonS} Ron Paul introdhttp://www.youtube.com/watch?v=Qwsdq69AHnwuces "American Traveler Dignity Act":
[13:00] {dino} theres your ,54
[13:00] {RonS} "American Travelr Dignity Act"
[13:00] {Threei}  wow ron... you found new and creative way to screw up the post
[13:01] {Threei}  I am so proud
[13:01] {RonS} ya, i'm a real innovator
[13:01] {nemo} somebody has to stand in for Les
[13:02] {nemo} oy vay
[13:02] {dino} mtb stopped again
[13:03] {nemo} .29
[13:03] {nemo} think, I'd want a db though
[13:05] {nemo} maybe it will hold the pivot support at .54
[13:06] {Threei}  good job mr paul
[13:06] {Threei}  but I must disagree on the issue of pilots
[13:06] {Threei}  it's one of those seemingly obvious things
[13:08] {Threei}  stop searching pilots, and they become a target for blackmail: take this device with you on board, or our man who holds your fa,mily hostage in your house right now executes them
[13:09] {RonS} sounds like a plotline for a Bruce Willis movie
[13:09] {Threei}  totally :)
[13:09] {RonS} Fly Hard
[13:09] {Threei}  but seriously, you can't create a known hole this
[13:10] {Threei}  like this
[13:10] {Threei}  it's an invitation to exploit
[13:10] {RonS} well, looking at that title...it is just wrong...
[13:10] {Threei}  lol
[13:10] {Threei}  sounds like ad for Korean Air
[13:11] {Threei}  mibbit problem?
[13:21] {dino} .
[13:21] {Threei}  ESI For-profit education stocks tick higher on report that two Senators call for investigation into the Department of Education's 'gainful employment' regulations (62.15, +0.04, 0.06%) (related COCO CECO DV )
[13:26] {Threei}  (IR) Ireland Fin Min: Ireland will most likely need some sort of aid from external sources; still processing budget plans for next week
[13:26] {Threei}  - Feels Central Bank's Honahan comments Ireland may need "tens of billions' may be appropriate
[13:26] {Threei}  - Reminder: Earlier the Ireland Central Bank felt the IMF would provide aid if Ireland was in agreement, and any potential loan would be 'large' and seen in the range of 'tens of billion of euros'; Loan would be made available and drawn upon as necessary
[13:26] {jfjf64} back   miss anything
[13:26] {Threei}  no, not by me
[13:30] {jfjf64} i  say  spyy  in  range
[13:31] {Threei}  aww Les
[13:31] {nemo} ahhh the punching b....er....les is here
[13:31] {Threei}  (IR) EU's Van Rompuy: Ireland's situation is serious; have taken Euro area's economies are sound
[13:32] {davd} in mtb .7 small
[13:32] {jfjf64} mtb
[13:34] {Threei}  Les, missed 3:3
[13:34] {Les} was hunting on my own this morn. shorted BJ for +.24
[13:34] {Threei}  and the nicest thing larisa ever said to me
[13:34] {jfjf64} ??
[13:35] {Les} alright, lets here this nicest thing
[13:35] {Les} hear
[13:35] {Threei}  [11:45] {larisa} "A TAOIST TRADER" is very smart and very original idea too.
[13:35] {Threei}  [11:47] {larisa} I am in the middle, it is incredible actually.
[13:35] {Les} cool. will pick up a copy shortly myself
[13:36] {jfjf64} very smart idea
[13:36] {Les} started seeking reversal setups this morn.
[13:36] {jfjf64} why
[13:36] {Les} using daily charts jf
[13:36] {Les} its what I like trading
[13:37] {jfjf64} daily
[13:37] {Les} reversal signals yeh
[13:37] {jfjf64} do you use same  set ups  we  hunt  4
[13:37] {Les} in principle
[13:37] {Les} that's what I came to vad for
[13:38] {Les} but looking to clear a trade within 1st hour and then move onto evening stuff
[13:38] {Threei}  and I thought it was for my looks...
[13:38] {Les} huh
[13:38] {Les} that too
[13:38] {Threei}  whew,... thank you
[13:38] {jfjf64} was waitig  3i
[13:39] {Threei}  that was actually what we did today Les
[13:39] {Threei}  3 trades early,
[13:39] {Threei}  then stall
[13:39] {Threei}  wait for catch of the day, total beauty
[13:39] {ese} zzzzzzzzzzzz still long fitb
[13:39] {jfjf64} your  EDGE   isyour   EDGE     les
[13:40] {jfjf64} ton of  ways  to  skin  the   cat  
[13:40] {Threei}  Les in no edgeless no more
[13:40] {Les} yeh wanna flesh out a style of my own
[13:40] {Threei}  (I knew there had to be something in that "edge les")
[13:41] {Les} actually recognised BJ as salmon
[13:41] {Les} the training starting to rub off
[13:41] {Threei}  great to heare
[13:41] {Threei}  hear too
[13:41] {jfjf64} lol
[13:41] {Threei}  hey come on
[13:41] {Threei}  this was good: {Threei} Les in no edgeless no more
[13:41] {dino} gj les
[13:42] {Les} finished dinner and saw stalling market so come to hang out with you lot
[13:42] {nemo} not bad vad
[13:42] {Threei}  ty
[13:42] {jfjf64} oh   thanks
[13:42] {Threei}  oh Les,, and one more
[13:42] {nemo} he's not useless anymore
[13:42] {Threei}  read the log after hours, there is a funny stopry about course editing
[13:42] {Threei}  you'll enjoy it
[13:42] {jfjf64} what  time  3i
[13:43] {Threei}  starting 11:50
[13:43] {nemo} just do ctrl-f for the word f$&# and scroll back a bit
[13:43] {Threei}  but I misspelled it nemo
[13:43] {Threei}  lol
[13:43] {jfjf64} ahh
[13:43] {nemo} fui or fiu
[13:43] {nemo} ck
[13:43] {Threei}  yes
[13:44] {jfjf64} seems  lk i ised  lots
[13:44] {Threei}  not misspelled, hit two keys
[13:44] {nemo} which resulted in a misspelling
[13:44] {Threei}  wait, there is nothing to do I'll just repost it
[13:44] {jfjf64} about time  ya  did  somethin
[13:45] {Threei}  11:51] {Threei} normally, chapter would return from him with edits,
[13:45] {Threei}  [11:52] {Threei} and I just go through it clicking "accept change", because majority of changes was A, THE etc
[13:45] {Threei}  [11:52] {Threei} things that we ruissians just don't get since our ,anguage has no such concept at all
[13:45] {Threei}  [11:52] {Threei} so, one of them comes
[13:45] {Threei}  [11:52] {Threei} I scroll through,
[13:45] {Threei}  [11:52] {Threei} click those "accpet changes" almsot automatically
[13:45] {Threei}  [11:53] {Threei} then realize that one that I just accepted looked suspiciously strange,
[13:45] {Threei}  [11:53] {Threei} return to it
[13:45] {Threei}  [11:53] {Threei} and read:
[13:45] {Threei}  [11:53] {Threei} "what the fuick does that mean?"
[13:45] {jfjf64} keep  that  up  i  might  become  edgeless
[13:45] {davd} can you reccom a stop on mtb dino? i'm in at .71
[13:45] {Threei}  [11:53] {Threei} if I didn't return and niotice it, that would be what a reader got now, lol
[13:45] {Threei}  [11:54] {larisa} it is there, page 186
[13:45] {Threei}  [11:54] {Threei} rofl
[13:45] {Threei}  [11:54] {Threei} OK, I admit, made me look
[13:45] {Threei}  [13:44] {jfjf64} about time ya did somethin
[13:46] {Threei}  how's this for something:
06[13:46] * Threei slaps jfjf64 around a bit with a large trout
[13:46] {Threei}  ASTM news finally
[13:46] {Threei}  ASTM Presents interim Phase IIb data shing Restore-CLI trial met primary and secondary endpoints; continues to move toward a Phase III program in 2011
[13:46] {jfjf64} prefer   cash
[13:46] {Threei}  and they halted for this?
[13:48] {jfjf64} also  check mr  TAO
[13:48] {jfjf64} art  of  war
[13:48] {dino} out wsm .55, +.30
[13:48] {jfjf64} have  nothin  in  there
[13:48] {Les} what did you say yesterday? Saving investors from themselves by halting stocks....?
[13:48] {nemo} Sun Tzu applied the same principles
[13:49] {dino} davd .39
[13:49] {dino} or lod break
[13:49] {davd} thanks
[13:50] {Les} sheesh. gonna watch LOTR instead. c u's tomorrow
[13:52] {Threei}  LOTR?
[13:52] {nemo} Lord of the Rings
[13:52] {Threei}  okkkaay
[13:53] {jfjf64} not  bad  nemo
[13:53] {ese} gotta go it choir time....cya tomorrow
[13:53] {jfjf64} i  was thinkin  porn
[13:53] {Threei}  take care ese
[13:53] {ese} cya vad
[13:53] {jfjf64} ese
[13:53] {nemo} not as dumb as I look
[13:54] {ese} jf
[13:55] {dino} cya es
[14:05] {dino} mtb to flat
[14:06] {Threei}  (US) Fed's Warsh: US economy is growing and still wants to grow further; sees better chances for quality economic growth in 2011 (related EUR/USD TLT SHY )
[14:07] {davd} thanks dino, you in mtb?
[14:08] {nemo} fcx drop
[14:11] {dino} took it w/you
[14:15] {dino} used to be a pulp-type
[14:19] {jfjf64} rost  gettin  hit
[14:19] {jfjf64} lookin  bnounce
[14:23] {dino} break of .25
[14:23] {dino} ok sm l
[14:24] {jfjf64} in.43
[14:25] {jfjf64} bad  print
[14:26] {dino} out .65, +.40
[14:26] {dino} ty jf
[14:26] {jfjf64} yw
[14:26] {dino} way too soon
[14:27] {jfjf64} grrrrrrrrrrrrr
[14:27] {dino} out mtb +.09
[14:27] {davd} out mtb stopped .89
[14:27] {dino} lets see if mtb goes to lod
[14:27] {jfjf64} urbn
[14:28] {jfjf64} lets  find  entry
[14:28] {dino} bourban?
[14:29] {jfjf64} looks lower
[14:29] {dino} waiting at .25 for rost
[14:29] {jfjf64} rost
[14:31] {davd} .79 dino typo
[14:31] {jfjf64} .45 break urbn
[14:31] {jfjf64} tight  stop  here
[14:33] {jfjf64} in
[14:33] {dino} sm .51 l urbn
[14:34] {jfjf64} 1/1
[14:35] {dino} my stop is .39
[14:35] {jfjf64} k
[14:36] {jfjf64} what  happen  to .46 trigger
[14:37] {dino} mine was break .50
[14:40] {dino} jks
[14:43] {jfjf64} 1/2
[14:44] {dino} urbn to b/e
[14:44] {jfjf64} .55 4 me
[14:45] {dino} to .58
[14:45] {RonS} f bomb...gm lod
[14:46] {RonS} lol check intra dltr v shld
[14:47] {jfjf64} .59
[14:47] {dino} urbn to .61
[14:47] {jfjf64} 1/3
[14:48] {jfjf64} .64
[14:48] {dino} to .65
[14:48] {jfjf64} lol
[14:49] {dino} lol
[14:49] {dino} couple good finds jf
[14:50] {dino} out +.14
[14:50] {dino} jks hmmm
[14:50] {jfjf64} out
[14:52] {Threei}  35 once again was perfect short trigger for GM
[14:52] {Threei}  still unavailable though
[14:55] {jfjf64} tgt
[14:55] {jfjf64} .56
[14:58] {jfjf64} lokks lower
[14:59] {jfjf64} .50 break  short
[14:59] {jfjf64} 2  headed
[15:01] {Threei}  ASTM
[15:01] {Threei}  quite a move for a cheapie
[15:02] {Threei}  General Motors Corp Hits fresh session lows below the IPO opening price of $35.00
[15:02] {Threei}  - Note 14:33ET: Jim Cramer now calling $34/shr a 'great place to buy'
[15:03] {dino} well, that should kill it
[15:04] {davd} he likes axp too
[15:06] {dino} look at rost
[15:07] {jfjf64} omg
[15:08] {jfjf64} otta  here   see  all  tomorrow
[15:09] {nemo} me too
[15:09] {Threei}  take care jf
[15:09] {dino} cya jf, nemo
[15:16] {dino} mtb sm l .41
[15:19] {Threei}  up or down into close?
[15:19] {Threei}  my gut says, down but not dramatic
[15:21] {dino} flat
[15:22] {larisa} ok, then i say over +200 :)
[15:22] {larisa} 200+ rather :)
[15:22] {Threei}  no more bets
[15:23] {dino} 171 is my call
[15:24] {larisa} lol
[15:28] {dino} orit
[15:29] {dino} too fast
[15:30] {Threei}  what was that?
[15:31] {Threei}  (US) US House to vote to extend tax cuts in December (related TLT SHY EUR/USD )
[15:37] {Threei}  guess-who is going to comment GM IPO on TV
[15:37] {dino} jks sm l .15
[15:37] {dino} stop .99
[15:41] {Threei} Short Setup: LVS  .80 break
[15:41] {Threei}  for a quick scalp
[15:41] {Threei}  if stays under .85
[15:42] {Threei}  invalidated
[15:48] {dino} crme
[15:48] {dino} out jks .65, +.50
[15:48] {Threei}  wtg
[15:48] {dino} ty
[15:50] {Threei}  lol ASTM
[15:51] {Threei}  never in my life these things held any gains
[15:51] {Threei}  ASTM, STEM, KOOL etc
[15:52] {Threei}  GERN too
[15:52] {dino} i don't watch them
[15:52] {dino} better worlds, ya know
[15:52] {Threei}  although tis one at least used to stage decent rallies more regularly
[15:52] {Threei}  yeah
[15:52] {Threei}  it's just when they make such drastic moves they hit scanners
[15:53] {dino} just finished king's black house, tangents on the dark tower series
[15:53] {Threei}  I have it on the list
[15:53] {dino} breakers, paralell worlds, ect
[15:53] {Threei}  good?
[15:53] {dino} first 100 pages boring, then it gets going
[15:53] {Threei}  OK will start from 101
[15:53] {Threei}  ty
[15:54] {dino} lol
[15:54] {Threei}  :)
[15:56] {larisa} if it is not 171 but 170.90, dino  does not get the prize, right ?
[15:56] {dino} right
[15:56] {Threei}  I guess
[15:59] {dino} c'mon 171
[15:59] {Threei}  thank you all
[15:59] {Threei}  have a good evening, see you tomorrow
[15:59] {dino} wow 171
[16:00] {larisa} you are the hero, dino
[16:00] {dino} roflol, i wish
[16:00] {larisa} bye all :)
[16:01] {dino} gn all