Thursday, October 7, 2010

Oct 07 2010

Decent day with solid profits, and somewhat unusual catch of the day - unlike our normal plays based on clearly defined setups, this one was more of an intuition. Read the discussion that occurred after the call for the next 40-60 min.



Session Time: Thu Oct 07 00:00:00 2010
[08:25] {jfjf64} mornin
[08:25] {Threei}  morning jf
[08:27] {davd} mornin
[08:27] {Threei}  davd :)
[08:28] {jfjf64} mornin david
[08:33] {magoo} kf.wlrfalifhLIHE
[08:35] {Threei}  I have just the answer for you mags
[08:35] {Threei}  *(US) INITIAL JOBLESS CLAIMS: 445K V 455KE; CONTINUING CLAIMS: 4.46M V 4.45ME
[08:35] {Threei}  - Prior Initial Jobless Claims revised higher from 453K to 456K
[08:35] {Threei}  - Prior Continuing Claims revised higher from 4.457M prior to 4.510M
[08:37] {magoo} anf RIPPIN VAD
[08:37] {magoo} MORNING TOO
[08:37] {magoo} freakin caps lok, sorry
[08:38] {Threei}  lol
[08:45] {Threei}  RIMM stays in red
[08:48] {_panc} good morning
[08:48] {Threei}  panc :)
[08:49] {magoo} morn panic
[08:49] {magoo} oops:)
[08:50] {_panc} :-)
[08:51] {magoo} cramer just put up low target aapl $400
[08:56] {lilyd} good morning!
[08:56] {Threei}  lily :)
[09:02] {RonS} gm all...euro through 1.40...now 1.417
[09:02] {Threei}  Ron :)
[09:02] {Threei}  bears just don't get it eh?
[09:05] {Threei}  TRIT Wins $40 Million Joint Bid for Inner Mongolia Drinking Water Treatment Plant (11.15, 0.00, 0.00%)
[09:05] {Threei}  there is water in Mongolia?
[09:06] {RonS} most people call it snow...
[09:06] {Threei}  oh
[09:08] {ese} morning
[09:09] {Threei}  ese :)
[09:09] {ese} hey vad
[09:10] {Threei}  don't you hate it when the morning starts with surprises
[09:10] {Threei}  woke up to see one of my monitors black
[09:11] {Threei}  had to go to the garage and drag out one of CRT monsters
[09:11] {Threei}  that for some reason are not recycled for years
[09:11] {Threei}  now this thing crowds me out :)
[09:12] {ese} electronics........
[09:14] {ese} want me to come over and give you a hand
[09:15] {ese} blud    dn 3 bills
[09:16] {ese} crazy ...misses by one cent
[09:16] {Threei}  ty
[09:16] {Threei}  bring a bottle of whiskey, will will drown the sorrow in it
[09:17] {ese} done
[09:17] {Threei}  other than that, no help needed at this moment :)
[09:17] {ese} let me know......i'm gonna be out your way saturday morning golfing at Cordova Bay GC
[09:19] {ese} blud guided lower too ....missed that
[09:19] {larisa} gm :)
[09:19] {ese} laris!!!!!!!!!!!!!!!!
[09:20] {Threei}  larisa :)
[09:20] {larisa} ese, vad :)
[09:24] {ese} alright everyone.....vads in an emergency situation.......he needs a bunch of us to come over and drink his whiskly.......who's in?
[09:24] {Threei}  ummm
[09:24] {Threei}  I actually meant for you all to bring your own
[09:24] {magoo} INNNNNNNNN
[09:24] {ese} ohhhhhhhhhh??????
[09:24] {magoo} OYYYY
[09:25] {Threei}  let's see:
[09:25] {Threei}  [09:16] {Threei} bring a bottle of whiskey
[09:26] {khaln} g morning
[09:26] {Threei}  khaln :)
[09:26] {ese} kh
[09:27] {khaln} ese, gm
[09:29] {Threei}  keeping an eye on RIMM for short [;ay
[09:31] {Threei} Short Setup: RIMM  48 break
[09:31] {Threei}  half lot of course
[09:31] {magoo} missed
[09:32] {Threei}  the only realistic chance for entry was to take 48.01 when big bid started meltinfg
[09:33] {magoo} CTXS coming down hard
[09:34] {kowboy} bad fill on rimm, out even
[09:34] {Threei}  market order??
[09:34] {kowboy} yes
[09:35] {Threei}  what to slap you with?
[09:35] {kowboy} A heavy 2x4 I should limit with 2c
[09:35] {Threei} Short Setup: LVS  .30 break
[09:36] {Threei}  stop above .40
[09:37] {Threei}  1:1
[09:38] {Threei}  usual routine
[09:38] {Threei}  if you partial, stop for the balance to just above b/e
[09:38] {Threei}  1:2
[09:39] {Threei}  1/4 more
[09:39] {Threei}  LVS is like that geiser... Old Faithful
[09:39] {Threei}  RIMM gave second chance entry which I missed being vusy with LVS... anyone grabbed it?
[09:40] {Threei}  stop for the last piece of LVS to above .25
[09:40] {magoo} missed
[09:41] {magoo} aapl fallin
[09:41] {magoo} a tell
[09:41] {Threei}  half lot
[09:41] {Threei}  stop under .05
[09:41] {magoo} which?
[09:41] {Threei}  arghhhh
[09:41] {Threei}  wrong script
[09:42] {Threei}  that was long lvs .15 break
[09:42] {Threei}  sorry...
[09:42] {Threei}  typical double bottom setup, second bottom within BBs
[09:42] {magoo} shhould i say"missed"
[09:43] {Threei}  hit wrong button in script, so alert never appeared
[09:44] {magoo} FFIV destroyed more
[09:45] {Threei} Long Setup:  RIMM  .35 break half lot
[09:45] {Les} eqix
[09:45] {Les} good morning
[09:45] {Threei}  if stays above .25
[09:45] {Threei}  hey Les
[09:46] {Threei}  LVS worked on second chance entry
[09:46] {Threei}  RIMM's read if market helps any
[09:46] {Threei}  ready
[09:47] {magoo} in
[09:47] {davd} in rimm .35
[09:47] {Threei}  no go
[09:48] {Les} rimm has pivot support .18
[09:49] {ese} short dndn 1/2 .50
[09:54] {ese} cover .41 dndn +.09
[09:54] {Threei}  what's with HOGS?
[09:54] {Threei}  I don't see any news
[09:55] {Threei}  52 week highs, and continues
[09:55] {ese} one small step for mankink....one huge step ese to short
[09:55] {ese} kind
[09:55] {Threei}  :)
[09:55] {nemo} rimm DB?
[09:55] {Threei}  nope
[09:56] {kowboy} blud slowly trying
[09:56] {jfjf64} x
[09:57] {jfjf64} d/b
[09:57] {Threei}  no
[09:57] {Threei}  unless you mean b/d - then yes
[09:59] {RonS} euro lost 1.40...now 1.3940...same move viz yen
[09:59] {nemo} rimm db?
[10:00] {strider} FCX froming inv. h&s
[10:00] {strider} and forming
[10:01] {strider} DNDN 2 sided
[10:01] {Threei}  RIMM... getting closer
[10:01] {Threei}  not there yet
[10:03] {Threei} Long Setup:  RIMM  .05 break
[10:03] {Threei}  half lot
[10:03] {Threei}  stop is self-explanatory
[10:05] {Threei}  1:1
[10:06] {Les} lvs 36 breakdown?
[10:07] {Les} not yet
[10:07] {Threei}  if market resumes downward and LVS forms consolidation
[10:12] {ese} L orcl .82
[10:13] {Threei} Long Setup:  LVS  36 break
[10:14] {magoo} in
[10:16] {Threei}  not a scalp if works
[10:17] {Threei}  no worky
[10:17] {davd} people watching dollar
[10:19] {magoo} wicked recrosslvs
[10:20] {ese} out orcl .77 -}05
[10:20] {ese} -.05
[10:20] {Threei}  ugh... rinse
[10:22] {strider} RIMM weak
[10:22] {strider} not so much
[10:22] {Threei}  just delayed
[10:22] {magoo} rimm waits for mkt
[10:25] {magoo} lil tricky this morn
[10:29] {Threei}  watching SOL for long on pullback
[10:30] {Threei}  around .70 should be it
[10:31] {Threei}  *EIA NATURAL GAS INVENTORIES: +85 BCF VS. +75 TO +80 BCF ESTIMATE RANGE (related UNG USO )
[10:31] {Threei}  UNG is a perfect torture tool
[10:31] {Les} this week its going higher...
[10:31] {Les} NO WAIT... this week its going higher...
[10:32] {Les} WAIT.... this week its going higher....
[10:32] {Les} etc ad nauseum
[10:32] {Threei}  exactly
[10:32] {Threei}  hope springs eternal
[10:33] {Les} whoever thought these ETF's up is a genius
[10:33] {Threei}  lol
[10:34] {magoo} al gore did
[10:34] {_panc} vad, CAT breakout?
[10:34] {magoo} calm down
[10:34] {Threei}  hmm
[10:34] {Threei}  I would prefer to play it on pullback
[10:35] {Threei}  to just under 79
[10:35] {_panc} thanks
[10:35] {Threei}  hldong .90 and recrossing back over it
[10:35] {Threei}  much safer way to play this thing
[10:35] {Threei}  lol mags
[10:35] {Threei}  now, important order of business just when you thought it was over
06[10:36] * Threei slaps kowboy around a bit with a large 2x4 with sing incrusted on it: NEVER EVER send a market order on a break of a big support or resistance
[10:36] {RonS} here come de judge- Flip Wilson
[10:36] {Threei}  CAR is getting there
[10:37] {Threei}  watch SPY for hguidance
[10:37] {Threei}  CAT, not CAR
[10:37] {Threei}  if loses .90, setup is invalidated
[10:37] {magoo} vad, mkts may pllbk here
[10:41] {Threei}  CAT becomes interesting
[10:42] {Threei} Long Setup:  CAT  .75 break
[10:42] {Les} GLD/GDX looking breakdownish GLD especially
[10:42] {Threei}  if stays above .65
[10:43] {Threei}  invalidated but not off radar
[10:43] {Les} hooly cow GLD
[10:43] {Les} gdx
[10:44] {Les} sorry
[10:45] {RonS} It's Over-  Roy Orbison
[10:45] {Threei}  Preview: (US) Treasury coupon announcment expected at 11ET
[10:45] {Threei}  - analysts generally expect a small cut to the 3-year auction while the 10 and 30-year reopenings are likely to remain unchanged. Expect $32B 3-year, $21B 10-year and $13B 3-year for a $66B package that includes just under $54B in new money.
[10:45] {Les} gdx .60 b/d?
[10:46] {Threei}  probably
[10:46] {Les} hopefully bounce for stop first
[10:48] {Les} lvs .90 b/d?
[10:49] {Threei}  I believe so
[10:52] {Les} nein, nein and nyet
[10:55] {davd} cat invalidated threei?
[10:55] {davd} sorry - yes invalidated
[10:55] {strider} HD
[10:56] {khaln} .
[10:57] {Les} GDX
[10:57] {Les} gLD
[10:58] {Threei}  could easily turn out bouble bottom GLD
[10:58] {Threei}  hard to tell
[10:58] {Threei}  50/50
[10:58] {Les} is that like a bubble butt?
[11:00] {ese} Ron.  Roy Orbison is pushing daisies isn't he?
[11:01] {davd} in HD .70
[11:01] {Threei}  (US) Treasury to sell $32B 3-year and $21B 10-year notes, and $13B 30-year bonds (related TLT SHY )
[11:01] {strider} I see HD as a short
[11:01] {Threei}  me too
[11:01] {davd} out hd stopped
[11:02] {RonS} ya unfortunately ese...the guy woulda been as big as Elvis if he did not have the eye problems..
[11:02] {RonS} http://www.youtube.com/watch?v=jjMfQG4DejQ
[11:02] {davd} me too :/
[11:02] {RonS} Roy with the Travelin Wilburys was the best...
[11:02] {ese} L sndk .83
[11:03] {Les} gold trashing day
[11:03] {Threei}  GDX broke
[11:03] {Threei}  barbaric relic
[11:03] {Threei}  there, I did my part
[11:03] {Les} you take it?
[11:03] {Les} cool
[11:04] {Threei}  GLD has goldbugs on ropes today
[11:04] {Threei}  did they start screaming "manipulation" yet?
[11:04] {ese} daaaaaaaaaa!!!!!!!!!!!!!! out sndk .70 -.13
[11:04] {khaln} lvs.?
[11:04] {Les} works nicely now frikin SOB lvs
[11:05] {Les} nice selling vol. on break
[11:05] {Threei}  don't see clear play on it khaln
[11:05] {khaln} thx
[11:05] {ese} ya ...i really liked the travelling W's
[11:08] {Threei}  panic GLD
[11:09] {magoo} GLD call is for panc?
[11:10] {Threei}  panc, you better change that nick... magoo won't let it go until he chews through your throat
[11:10] {magoo} sorry
[11:10] {magoo} but its true
[11:10] {Threei}  and yes, he will apologize every time
[11:10] {_panc} yes, I know. Next nick will be "euphoria" :-)
[11:10] {Threei}  lol
[11:11] {magoo} mkts look like rolling over here
[11:12] {Les} q's still holding out
[11:15] {Les} gld has another 1.50 to gap closure. could get interesting
[11:16] {Les} http://www.finviz.com/futures_charts.ashx?t=GC&p=m5
[11:16] {Les} pretty ugly
[11:19] {Threei}  GLD bounce time IMO
[11:20] {magoo} u thinkin it holds 130?
[11:20] {magoo} futes getting crushed
[11:20] {Threei}  yes, just want SPY to cooperate
[11:20] {magoo} dont see spy coop
[11:20] {Threei}  feels like last shakeout
[11:20] {Threei}  then ramp up
[11:21] {magoo} let me know when in
[11:21] {Threei}  now IMO
[11:21] {Threei}  stop under 130
[11:22] {magoo} in .08
[11:22] {Threei}  sshould do something like .40 easy
[11:24] {Threei}  1:1
[11:24] {Threei}  1:2
[11:25] {Threei}  how about that timing and intuition about last shakeout?
[11:25] {magoo} perfect, ty
[11:25] {Threei}  welcome
[11:26] {RonS} ...all hale 3i...
06[11:26] * Threei takes a bow
[11:27] {Les} hehehe yeh some great reads this last week
[11:27] {Threei}  1:3
[11:27] {Threei}  .40 target is here
[11:29] {jfjf64} nice
[11:29] {jfjf64} ran  kgc up
[11:29] {jfjf64} with  ya  call gld
[11:29] {jfjf64} 5000 babbies
[11:29] {jfjf64} ty
[11:30] {Threei}  welcome sir
[11:30] {RonS} wow jf gj
06[11:31] * Threei slaps jfjf64 around a bit with a large roll of cash
[11:31] {magoo} dats DATS how ya do it
[11:32] {jfjf64} what  made ya  think  bounce
[11:32] {jfjf64} that question
[11:32] {jfjf64} i need to learn
[11:32] {jfjf64} lol
[11:33] {Threei}  you don't want to hear an aswer
[11:33] {jfjf64} wanna shoot myself
[11:33] {Threei}  but I'll give it to you anyway
[11:33] {jfjf64}  didnt  partial
[11:33] {jfjf64} got out  in  full 18.97
[11:33] {Threei}  there are things I can put in words, in strictly defined setups
[11:33] {jfjf64} answer pls
[11:34] {magoo} ouyt here .46
[11:34] {magoo} ty
[11:34] {magoo} no pain
[11:34] {Threei}  :)
[11:34] {jfjf64} gj  magoo
[11:35] {Threei}  and there are things that work on deeper level than logic, parameters, defined criteria and "programmable" actions
[11:35] {Threei}  intuition based pn 14 years of exxperience
[11:35] {Threei}  arriving to a conclusion thanks to huge arsenal of recognizable situations
[11:35] {jfjf64} sometime  trust  GUT
[11:35] {magoo} suubliminal pattern recognition
[11:35] {jfjf64} correct
[11:35] {Threei}  yup
[11:36] {Threei}  when I can define it, I make colored alert call
[11:36] {Threei}  in some cases I can't
[11:36] {Threei}  I just look at the chart and see how it's going to unfold
[11:36] {Threei}  this was one of them
[11:36] {Threei}  you noticed,
[11:36] {jfjf64} looks  lk set up  again
[11:36] {jfjf64} kgc
[11:36] {RonS} aka pattern recognition...
[11:36] {Threei}  right after I said it, SPY made sharp red bar
[11:37] {Threei}  and I said
[11:37] {Threei}  [11:20] {Threei} feels like last shakeout
[11:37] {Threei}  [11:20] {Threei} then ramp up
[11:37] {Threei}  [11:20] {Threei} feels like last shakeout
[11:37] {Threei}  [11:20] {Threei} then ramp up
[11:37] {Threei}  sorry for double
[11:37] {Threei}  if I said I had a method to read why it was a shakeout and not another step down, I would be lying
[11:37] {Threei}  I have no idea
[11:37] {RonS} my take jf fwiw:  there are spike/drop reversals, and wave reversals
[11:38] {jfjf64} fwiw
[11:38] {jfjf64} like
[11:38] {jfjf64} took
[11:38] {jfjf64} few  seconds
[11:39] {RonS} gld was a wave reversal.  since the 4th selloff wave came so early in the day it increased thwe chance of a reversal here rather than a 5th wave down...
[11:40] {RonS} ...there are rarely more than 5 waves intraday...
[11:42] {jfjf64} didnt  read  that  in  3i  book
[11:42] {jfjf64} lol
[11:42] {jfjf64} ty
[11:43] {Les} Ron would you mind pointing out the waves please? I'm interested in what you see
[11:43] {Les} can you paint them in and save the page?
[11:44] {RonS} like i said "my take"...
06[11:44] * magoo slaps Les around a bit with a large trout
[11:44] {Les} piss off mags
[11:44] {magoo} got your back ron:)
[11:45] {Les} sure, wanna see how you interpret your waves, is all. You see 4 of them here in GLD...
[11:45] {Threei}  my view, and admittedly unpopular, is:
[11:45] {RonS} Les my criteria is rough...essentially it is a drop and basing for a single wave, for the next it needs to go below the first etcetera
[11:45] {Les} wish we could upload like we used to
[11:45] {Threei}  you can count waves in any way you like
[11:45] {Les} aaah ok
[11:46] {Threei}  there are as many ways to do it as there are people who apply them
[11:46] {Threei}  and they are always obvious after the fact
[11:46] {Threei}  but I aam yet to see any consistent application of them before the fact
[11:48] {Threei}  here is the thing to ponder though
[11:48] {larisa} "having no idea" is more consistent ? :)
[11:48] {larisa} just kidding, do not kill me, great call :)
[11:48] {Threei}  in the end, any method of TA ultimately is a method of visualizing things in a form that makes it easier for us to comprehend the action
[11:49] {RonS} btw, i only do the wave thing intraday...and the count on gld so early is very rare.  That plus 3i's "unconcious competance" of pattern recognition promted me to act
[11:49] {RonS} prompted
[11:49] {Threei}  so if waves or Fibs or golden ratio or moon cycles help you see the rhythm - use it
[11:50] {Threei}  I just hate it when waves theorists spew the nonsense about 150 years cycles, lol
[11:50] {magoo} really, what ron sees as waves may be HIS subliminal pattern recog
[11:50] {Threei}  DOW formed 80 years wave, which is fifth one counting from 380 years ago?
[11:50] {Threei}  bs, me says :)
[11:51] {jfjf64} lol
[11:51] {Threei}  and larisa... don't tell me who to kill and who not to... I'll kill whoever I please
[11:51] {jfjf64} wow
[11:52] {larisa} nah, not afraid :)
[11:52] {Threei}  I know... this is how I epxress my being scared :)
[11:52] {larisa} lol
[11:53] {Les} LVS
[11:53] {Les}  .85 b/d?
[11:53] {RonS} jf...ever heard of the Levels of Competance:  1. Unconcious Incompetant  2.  Concious Incompetant  3.  Concious Competant  4.  Unconcious Competant
[11:53] {Threei}  and to answer... no, "having no idea" is not very consistent - how often do you see me making this kind of call? :)
[11:54] {Threei}  yes Ron... nemo's fan of that definition
[11:54] {Threei}  LVS, no
[11:54] {Les} LVS looks like breakout
[11:54] {Les} but market is a$$, as mags likes to say
[11:54] {Threei}  breakout maybe
[11:54] {Threei}  breakdown, no
[11:54] {RonS} ...what makes 3i rare is that he is in Stage 4, but can still express for the most part what makes him competant.  Most Stage 4's and are in a state of zen and have long forgotten what makes them competant
[11:55] {Les} yeh ok
[11:55] {Threei}  hmm... being rare makes me fearful
[11:56] {Threei}  am I about to extinct?
[11:56] {RonS} ...the only thing i fear is Larissa...:D
[11:56] {Les} I'd like to think I'm conscious incompetent but Vad hits me so often with 2X4 that I fear unconsciousness and greater incompetancy
[11:56] {Threei}  you should... I know I am
[11:56] {RonS} that is funny Les...
[11:57] {Threei}  concussion can only help les
[11:57] {Threei}  I sholuld say, occassional concussion... sounds smooth
[11:57] {Threei}  rolls of the tongue easy
[11:58] {Threei}  occassional concussion leading to unconsciousness
[11:58] {Threei}  say that three times fast
[12:10] {ese} L teva .52 L sndk 39
[12:17] {ese} out teva .58 +.06
[12:19] {Les} SLV
[12:20] {Les} b/d?
[12:20] {Les} right here
[12:20] {Les} ?
[12:20] {Threei}  too sharp into support
[12:20] {Les} ok
[12:20] {Threei}  little bounce firts, then break
[12:20] {Threei}  I would be more enchanted with it
[12:20] {Threei}  like this
[12:26] {Les} GLD
[12:26] {Les} leading the way
[12:28] {ese} sndk stopped again .25 -.14
[12:31] {Les} bingo
[12:33] {davd} dollar leading the way, gld following.
[12:35] {magoo} GLD crushed
[12:35] {RonS} yep...euro lost 1.39 now 1.3846...and v yen from north of 115.5 to 114.35
[12:36] {magoo} mkt is ass
[12:37] {davd} funny, when gld drops everyone calls a top - genious!
[12:37] {Threei}  but of course
[12:38] {Threei}  didn't you know, out of 10 analysts 11 called 2008 crash?
[12:38] {Threei}  of course we found out about their csll in 2008
[12:38] {Threei}  2009
[12:38] {Les} right you are davd, but I was watching GLD lead SLV into the drop...
[12:39] {davd} aha!
[12:39] {Les} SLV is more strongly defended I see
[12:40] {magoo} mkts looks like ASS here
[12:40] {Les} :)
[12:40] {magoo} 61 red
[12:42] {RonS} hike
[12:46] {RonS} ya think:  http://tinyurl.com/33nj6de
[12:52] {RonS} yes Virginia, there is no inflation (except for food, energy, insurance, education, and government): http://tinyurl.com/332pxrl
[13:53] {larisa} .
[13:54] {Threei}  good point
[13:56] {Threei} Long Setup:  GLD  .35 break
[13:56] {Threei}  half lot
[13:57] {ese} in
[13:57] {Threei}  .25 support for stop placement
[13:58] {ese} you betcha
[13:59] {Threei}  1:1
[14:00] {ese} out .46
[14:00] {ese} tks vad........gotta go  catch you tomorow
[14:01] {Threei}  :)
[14:02] {Les} nice. was watching TNA .75 break when it failed 1:30pm. missed the break due to dinner
[14:02] {Les} love the jabs and false punches thrown by the market
[14:03] {Les} a sneaky SOB
[14:03] {Threei}  delightful in its treacherousness
06[14:04] * Threei envisions Ron blacking out
[14:05] {RonS} ...from boredom?
[14:06] {Threei}  I actually meant my poetic prowess... but whatever
[14:06] {Threei}  sniff sniff
[14:09] {Les} touché Ron
[14:10] {RonS} your command of the language is impressive 'cept when  you get in that yoda syntax mode...
[14:13] {jfjf64} 3i  still in  gld
[14:13] {Threei}  half
[14:13] {jfjf64} nice
[14:13] {RonS} euro recaptured 1.39
[14:13] {Threei}  and I am too busy looking up :yoda syntax mode"
[14:13] {jfjf64} you nuts lost me
[14:14] {RonS} speech pattern of yoda the Star Wars character...
[14:14] {jfjf64} ahhh
[14:14] {Les} lol Yoda was a Russian!
[14:14] {Threei}  I have to admit... I asm blisfully unaware of it
[14:14] {jfjf64} yeah
[14:14] {Les} a friggin green little commie
[14:14] {jfjf64} yoda a russian
[14:15] {jfjf64} what wd stallin think
[14:16] {jfjf64} gld  breaks  .58  good by
[14:16] {jfjf64} imo
[14:17] {jfjf64} wher is stop  3i
[14:17] {jfjf64} .44
[14:17] {Les} yeh unfortunately I don't know mechanics of english so I can't explain how you write vad
[14:17] {Les} but I admire it and startin to copy it
[14:17] {Les} fast and practical
[14:18] {Threei}  1:2
[14:18] {Threei}  so stop is under 1:1 now
[14:19] {jfjf64} hmm  yoda
[14:19] {Threei}  it's easy Les
[14:19] {Threei}  close your eyes and hit keys randomly
[14:19] {Threei}  open your eyes and see what transpired
[14:19] {Threei}  sometimes it makes sense - then copy it and paste into draft of your next book
[14:20] {Threei}  dismiss the rest
[14:20] {Threei}  discard even
[14:20] {magoo} vad, r u really writing a new book
[14:21] {Threei}  http://www.realitytrader.com/tao.html
[14:21] {Threei}  not as much a book as on online course
[14:21] {magoo} christ, i haven't read your last 3 yet
[14:22] {Threei}  so why are you so worried... that will be 4th unread, that's all
06[14:22] * Threei slaps magoo around a bit with a large book of Techniques of Tape Reading
06[14:22] * Threei slaps magoo around a bit with a large Master Profit Plan
06[14:22] * Threei slaps magoo around a bit with a large scalping course
[14:23] {Threei}  see? all I will have to do is a slap with A Taoist Trader course, and you are all set
[14:23] {magoo} ive been slapped by them many times before...just never opened them
[14:23] {Threei}  neither did I
[14:26] {jfjf64} 3i  little previw  4 us
[14:27] {Threei}  O posted some yesterday... Ron is still having heart attack
[14:27] {jfjf64} o
[14:27] {Threei}  and karisa went to check for food poisoning
[14:28] {Threei}  larisa too
[14:28] {RonS} my favorite republican:  http://tinyurl.com/33dqvdo
[14:29] {Les} hold on Vad
[14:29] {Les} hard to ask my schoolteacher wife
[14:29] {Les} what it means to speak like you
[14:29] {Threei}  doesn't work Ron
[14:29] {Les} http://encyclopedia.thefreedictionary.com/Article+(grammar)
[14:30] {Les} so you often skip definite and indefinite articles
[14:30] {Les} when writing
[14:30] {Les} the, a
[14:30] {Threei}  yes, most russians do
[14:30] {Les} etc
[14:30] {RonS} hmm, works for me...reuters story that Chris Cristie is cancelling a big project
[14:30] {Les} yes, this is what I wanted to ask
[14:30] {Threei}  this is a concept that is absolutely foreign to russians
[14:30] {Les} how is it in yourlanguage?
[14:31] {Threei}  there is no such thing at all
[14:31] {Threei}  A and THE is something we just don't get
[14:31] {Les} so "a" cat is...?
[14:31] {Threei}  cat
[14:31] {RonS} lol
[14:31] {Les} :)
[14:32] {RonS} reminds me of Abbot and Costello
[14:32] {Threei}  all who edit my writing always have about 80% of what they do in putting those As and THEs in place
[14:32] {Threei}  for us they carry no meaning
[14:32] {Threei}  so we tend to mix them or skip them altogether
[14:33] {Les} strange. I just can't picture "cat"
[14:33] {RonS} http://www.youtube.com/watch?v=sShMA85pv8M
[14:33] {Les} the cat, a cat, my cat yes...
[14:33] {Threei}  well, then explain the difference between a cat and the cat :)
[14:33] {Les} AAAAAAAAAAAAAHHHHHHHHHHHH
[14:33] {RonS} genric v specific
[14:34] {RonS} generic
[14:34] {Threei}  no, I understandf that
[14:34] {Threei}  but when Les says "picture", I suggest a visual :)
[14:34] {Threei}  "cat came close"
[14:34] {Threei}  "a cat came close"
[14:34] {Threei}  "the cat came close"
[14:35] {Threei}  I pictuire the came cat in all three instances :)
[14:35] {Threei}  the same
[14:35] {Les} fascinating
[14:35] {RonS} ...the French started all of it trying to get laid...imo
[14:36] {Threei}  lol
[14:37] {RonS} ...if you have not seen it 3i, you gotta watch that Abbot and Costello bit...a classic
[14:37] {Les} how do you differentiate between a cat you know and a cat you don't know...?
[14:37] {Les} i.e., a cat or the cat?
[14:37] {Threei}  I put the name or qualifier
[14:37] {RonS} ...who cares...it's a cat...
[14:38] {Les} so your cat or the neighbours cat etc?
[14:38] {Threei}  my cat
[14:38] {Threei}  her cat
[14:38] {Threei}  unknown cat
[14:38] {Threei}  felix the cat
[14:38] {RonS} cat in the hat
[14:39] {Threei}  who's on first.. I know that one, Ron :)
[14:39] {Les} ok so russian requires a qualifier or further info.... ok
[14:39] {RonS} good 'nuff
[14:39] {Threei}  or it's just understood by default Les
[14:40] {Les} sure that I can understand
[14:40] {Threei}  you can tell a story about you walking somwhere, and say
[14:40] {Threei}  black cat peeked from around the corner
[14:40] {Threei}  it will be clear
[14:40] {Threei}  from the cotext, whether you knew the cat or not
[14:41] {RonS} ...but which corner?...:D
[14:41] {Threei}  THE corner :)
[14:42] {Threei}  but whatever you do, never ever say "a larisa"...
[14:42] {RonS} ...anyway, language is about as clear as mud...or as bill clinto said "it depends on what is is"
[14:42] {RonS} clinton
[14:43] {Threei}  I have a lot pf sympathy to those who study Russian
[14:43] {RonS} ...and "when they asked if i have sexual relations i thought they meant sex with my relations...
[14:44] {khaln} lol
[14:45] {Les} hehehe
[14:52] {RonS} 3i, do you think tivo is winding up for a move?
[14:53] {Threei}  could be... seems like binding its time
[14:53] {Les} http://www.businessinsider.com/obama-to-veto-foreclosure-gate-bill-2010-10
[14:54] {Les} seems congress trying to do its usual routine
[14:54] {Les} screwing the people
[14:55] {Les} GLD .43 b/d vad u like?
[14:56] {Les} oooh yeh
[14:56] {magoo} vad, mkts sell intop bell?
[14:56] {Threei}  nah
[14:56] {Threei}  sideways
[14:56] {magoo} we in anything?
[14:57] {RonS} The American Republic will endure until the day Congress discovers that it can bribe the public with the public's money.
[14:57] {RonS} Alexis de Tocqueville
[14:57] {Les} didn't take them long to figure it out
[15:02] {Threei}  Kenyan Polygamist Dies After Marrying 100 Wives
[15:02] {Threei}  good to know... I'll stop at 99
[15:03] {RonS} lol
[15:03] {khaln} heheh
[15:03] {RonS} guy must have been deaf...
[15:03] {Threei}  but will keep a candidate for 100th close at hand, as an easy way out
[15:04] {Les} I thought you were going to die in front of your screen leading us to profits 50 years from now
[15:04] {RonS} consumer credit report 3i?
[15:04] {Threei}  why would I want such a horrendous death
[15:04] {Threei}  and life
[15:05] {Threei}  *(US) AUG CONSUMER CREDIT: -$3.3B V -$3.5BE
[15:05] {Threei}  non-event
[15:05] {Threei}  Prior revised to -$4.1B from -$3.6B prior
[15:05] {Threei}  - Total consumer credit annual rate -1.7%
[15:05] {Threei}  - Revolving credit -$5B (23nd straight decline; longest decline on record); -7.2% annual rate.
[15:05] {Threei}  - Non Revolving credit +$1.6B; +1.2% annual rate.
[15:05] {Threei}  Consumer Credit has declined for 21 of the last 23 months since the beginning of the credit crisis. During this period, monthly credit has only risen in the months of Jan 2010 and Jan 2009.
[15:06] {RonS} txs
[15:11] {RonS} adbe halt
[15:12] {magoo} circuit breakrer halt
[15:12] {Threei}  ADBE Strength attributed to positive comments from NYT technology section
[15:12] {Threei}  - Will resume 15:13:03
[15:13] {Threei}  - Speculates about topics of conversation at recent meeting between top execs at Adobe and Microsoft. Discussed strategies for teaming to combat Apple's dominance in the mobile device market. Speculates a merger may have been discussed as one option at the meeting that lasted over one hour.
[15:13] {RonS} trading...
[15:15] {Les} lol they'll have to stop it again...
[15:16] {Les} wow huge gap to fill
[15:18] {RonS} gap fill is my #2 pet peeve; with #1 being all of the bozos saying "clearly"
[15:19] {Les} clearly adbe has a large gap to fill
[15:19] {RonS} ouch
[15:19] {Les} :)
[15:20] {Les} outta here. c u's tomorrow.
[15:20] {magoo} bye les
[15:20] {Threei}  take care les
[15:32] {larisa} Nasdaq launching market based on size, not speed?  what did I miss?
[15:32] {magoo} huh?
[15:33] {larisa} did not hear what CNBC was talking about, just saw headline
[15:33] {Threei}  I don't understahd what it means
[15:34] {larisa} http://ir.nasdaq.com/releasedetail.cfm?ReleaseID=508731
[15:38] {Threei}  so far, from what I see it's of no consequence for us
[15:38] {Threei}  ty larisa
[15:38] {larisa} yes, headline scared me :)
[15:38] {Threei}  good to know ehat's happening
[15:44] {Threei}  ALK Moves lower on report that CEO is subject of SEC trading probe (47.38, -1.37, -2.81%)
[15:48] {Threei}  OSIS Rapiscan Unit awareded $24.2M contract from Dept of Homeland security
[15:48] {Threei}  Awar for X ray system for improving its inspection of cargo conveyances arriving in the United States at various CBP ports of entry (POEs)
[15:48] {Threei}  - Note: OSIS reports approx $150M in revenues per quarter
[15:54] {RonS} scalped .70 on aks short...thanks 3i
[15:54] {Threei}  :)
[15:55] {jfjf64} good day all
[15:55] {RonS} cya jf
[15:55] {Threei}  take care jf
[15:56] {jfjf64} cya RS
[15:57] {davd} good evening all!
[15:57] {RonS} same here all...
[15:58] {Threei}  thank you all
[15:58] {Threei}  have a good evening, see you tomorrow
[15:59] {larisa} bye :)
[16:02] {magoo} AA halt
[16:02] {magoo} sheesh

Oct 07 2010

Decent day with solid profits, and somewhat unusual catch of the day - unlike our normal plays based on clearly defined setups, this one was more of an intuition. Read the discussion that occurred after the call for the next 40-60 min.



Session Time: Thu Oct 07 00:00:00 2010
[08:25] {jfjf64} mornin
[08:25] {Threei}  morning jf
[08:27] {davd} mornin
[08:27] {Threei}  davd :)
[08:28] {jfjf64} mornin david
[08:33] {magoo} kf.wlrfalifhLIHE
[08:35] {Threei}  I have just the answer for you mags
[08:35] {Threei}  *(US) INITIAL JOBLESS CLAIMS: 445K V 455KE; CONTINUING CLAIMS: 4.46M V 4.45ME
[08:35] {Threei}  - Prior Initial Jobless Claims revised higher from 453K to 456K
[08:35] {Threei}  - Prior Continuing Claims revised higher from 4.457M prior to 4.510M
[08:37] {magoo} anf RIPPIN VAD
[08:37] {magoo} MORNING TOO
[08:37] {magoo} freakin caps lok, sorry
[08:38] {Threei}  lol
[08:45] {Threei}  RIMM stays in red
[08:48] {_panc} good morning
[08:48] {Threei}  panc :)
[08:49] {magoo} morn panic
[08:49] {magoo} oops:)
[08:50] {_panc} :-)
[08:51] {magoo} cramer just put up low target aapl $400
[08:56] {lilyd} good morning!
[08:56] {Threei}  lily :)
[09:02] {RonS} gm all...euro through 1.40...now 1.417
[09:02] {Threei}  Ron :)
[09:02] {Threei}  bears just don't get it eh?
[09:05] {Threei}  TRIT Wins $40 Million Joint Bid for Inner Mongolia Drinking Water Treatment Plant (11.15, 0.00, 0.00%)
[09:05] {Threei}  there is water in Mongolia?
[09:06] {RonS} most people call it snow...
[09:06] {Threei}  oh
[09:08] {ese} morning
[09:09] {Threei}  ese :)
[09:09] {ese} hey vad
[09:10] {Threei}  don't you hate it when the morning starts with surprises
[09:10] {Threei}  woke up to see one of my monitors black
[09:11] {Threei}  had to go to the garage and drag out one of CRT monsters
[09:11] {Threei}  that for some reason are not recycled for years
[09:11] {Threei}  now this thing crowds me out :)
[09:12] {ese} electronics........
[09:14] {ese} want me to come over and give you a hand
[09:15] {ese} blud    dn 3 bills
[09:16] {ese} crazy ...misses by one cent
[09:16] {Threei}  ty
[09:16] {Threei}  bring a bottle of whiskey, will will drown the sorrow in it
[09:17] {ese} done
[09:17] {Threei}  other than that, no help needed at this moment :)
[09:17] {ese} let me know......i'm gonna be out your way saturday morning golfing at Cordova Bay GC
[09:19] {ese} blud guided lower too ....missed that
[09:19] {larisa} gm :)
[09:19] {ese} laris!!!!!!!!!!!!!!!!
[09:20] {Threei}  larisa :)
[09:20] {larisa} ese, vad :)
[09:24] {ese} alright everyone.....vads in an emergency situation.......he needs a bunch of us to come over and drink his whiskly.......who's in?
[09:24] {Threei}  ummm
[09:24] {Threei}  I actually meant for you all to bring your own
[09:24] {magoo} INNNNNNNNN
[09:24] {ese} ohhhhhhhhhh??????
[09:24] {magoo} OYYYY
[09:25] {Threei}  let's see:
[09:25] {Threei}  [09:16] {Threei} bring a bottle of whiskey
[09:26] {khaln} g morning
[09:26] {Threei}  khaln :)
[09:26] {ese} kh
[09:27] {khaln} ese, gm
[09:29] {Threei}  keeping an eye on RIMM for short [;ay
[09:31] {Threei} Short Setup: RIMM  48 break
[09:31] {Threei}  half lot of course
[09:31] {magoo} missed
[09:32] {Threei}  the only realistic chance for entry was to take 48.01 when big bid started meltinfg
[09:33] {magoo} CTXS coming down hard
[09:34] {kowboy} bad fill on rimm, out even
[09:34] {Threei}  market order??
[09:34] {kowboy} yes
[09:35] {Threei}  what to slap you with?
[09:35] {kowboy} A heavy 2x4 I should limit with 2c
[09:35] {Threei} Short Setup: LVS  .30 break
[09:36] {Threei}  stop above .40
[09:37] {Threei}  1:1
[09:38] {Threei}  usual routine
[09:38] {Threei}  if you partial, stop for the balance to just above b/e
[09:38] {Threei}  1:2
[09:39] {Threei}  1/4 more
[09:39] {Threei}  LVS is like that geiser... Old Faithful
[09:39] {Threei}  RIMM gave second chance entry which I missed being vusy with LVS... anyone grabbed it?
[09:40] {Threei}  stop for the last piece of LVS to above .25
[09:40] {magoo} missed
[09:41] {magoo} aapl fallin
[09:41] {magoo} a tell
[09:41] {Threei}  half lot
[09:41] {Threei}  stop under .05
[09:41] {magoo} which?
[09:41] {Threei}  arghhhh
[09:41] {Threei}  wrong script
[09:42] {Threei}  that was long lvs .15 break
[09:42] {Threei}  sorry...
[09:42] {Threei}  typical double bottom setup, second bottom within BBs
[09:42] {magoo} shhould i say"missed"
[09:43] {Threei}  hit wrong button in script, so alert never appeared
[09:44] {magoo} FFIV destroyed more
[09:45] {Threei} Long Setup:  RIMM  .35 break half lot
[09:45] {Les} eqix
[09:45] {Les} good morning
[09:45] {Threei}  if stays above .25
[09:45] {Threei}  hey Les
[09:46] {Threei}  LVS worked on second chance entry
[09:46] {Threei}  RIMM's read if market helps any
[09:46] {Threei}  ready
[09:47] {magoo} in
[09:47] {davd} in rimm .35
[09:47] {Threei}  no go
[09:48] {Les} rimm has pivot support .18
[09:49] {ese} short dndn 1/2 .50
[09:54] {ese} cover .41 dndn +.09
[09:54] {Threei}  what's with HOGS?
[09:54] {Threei}  I don't see any news
[09:55] {Threei}  52 week highs, and continues
[09:55] {ese} one small step for mankink....one huge step ese to short
[09:55] {ese} kind
[09:55] {Threei}  :)
[09:55] {nemo} rimm DB?
[09:55] {Threei}  nope
[09:56] {kowboy} blud slowly trying
[09:56] {jfjf64} x
[09:57] {jfjf64} d/b
[09:57] {Threei}  no
[09:57] {Threei}  unless you mean b/d - then yes
[09:59] {RonS} euro lost 1.40...now 1.3940...same move viz yen
[09:59] {nemo} rimm db?
[10:00] {strider} FCX froming inv. h&s
[10:00] {strider} and forming
[10:01] {strider} DNDN 2 sided
[10:01] {Threei}  RIMM... getting closer
[10:01] {Threei}  not there yet
[10:03] {Threei} Long Setup:  RIMM  .05 break
[10:03] {Threei}  half lot
[10:03] {Threei}  stop is self-explanatory
[10:05] {Threei}  1:1
[10:06] {Les} lvs 36 breakdown?
[10:07] {Les} not yet
[10:07] {Threei}  if market resumes downward and LVS forms consolidation
[10:12] {ese} L orcl .82
[10:13] {Threei} Long Setup:  LVS  36 break
[10:14] {magoo} in
[10:16] {Threei}  not a scalp if works
[10:17] {Threei}  no worky
[10:17] {davd} people watching dollar
[10:19] {magoo} wicked recrosslvs
[10:20] {ese} out orcl .77 -}05
[10:20] {ese} -.05
[10:20] {Threei}  ugh... rinse
[10:22] {strider} RIMM weak
[10:22] {strider} not so much
[10:22] {Threei}  just delayed
[10:22] {magoo} rimm waits for mkt
[10:25] {magoo} lil tricky this morn
[10:29] {Threei}  watching SOL for long on pullback
[10:30] {Threei}  around .70 should be it
[10:31] {Threei}  *EIA NATURAL GAS INVENTORIES: +85 BCF VS. +75 TO +80 BCF ESTIMATE RANGE (related UNG USO )
[10:31] {Threei}  UNG is a perfect torture tool
[10:31] {Les} this week its going higher...
[10:31] {Les} NO WAIT... this week its going higher...
[10:32] {Les} WAIT.... this week its going higher....
[10:32] {Les} etc ad nauseum
[10:32] {Threei}  exactly
[10:32] {Threei}  hope springs eternal
[10:33] {Les} whoever thought these ETF's up is a genius
[10:33] {Threei}  lol
[10:34] {magoo} al gore did
[10:34] {_panc} vad, CAT breakout?
[10:34] {magoo} calm down
[10:34] {Threei}  hmm
[10:34] {Threei}  I would prefer to play it on pullback
[10:35] {Threei}  to just under 79
[10:35] {_panc} thanks
[10:35] {Threei}  hldong .90 and recrossing back over it
[10:35] {Threei}  much safer way to play this thing
[10:35] {Threei}  lol mags
[10:35] {Threei}  now, important order of business just when you thought it was over
06[10:36] * Threei slaps kowboy around a bit with a large 2x4 with sing incrusted on it: NEVER EVER send a market order on a break of a big support or resistance
[10:36] {RonS} here come de judge- Flip Wilson
[10:36] {Threei}  CAR is getting there
[10:37] {Threei}  watch SPY for hguidance
[10:37] {Threei}  CAT, not CAR
[10:37] {Threei}  if loses .90, setup is invalidated
[10:37] {magoo} vad, mkts may pllbk here
[10:41] {Threei}  CAT becomes interesting
[10:42] {Threei} Long Setup:  CAT  .75 break
[10:42] {Les} GLD/GDX looking breakdownish GLD especially
[10:42] {Threei}  if stays above .65
[10:43] {Threei}  invalidated but not off radar
[10:43] {Les} hooly cow GLD
[10:43] {Les} gdx
[10:44] {Les} sorry
[10:45] {RonS} It's Over-  Roy Orbison
[10:45] {Threei}  Preview: (US) Treasury coupon announcment expected at 11ET
[10:45] {Threei}  - analysts generally expect a small cut to the 3-year auction while the 10 and 30-year reopenings are likely to remain unchanged. Expect $32B 3-year, $21B 10-year and $13B 3-year for a $66B package that includes just under $54B in new money.
[10:45] {Les} gdx .60 b/d?
[10:46] {Threei}  probably
[10:46] {Les} hopefully bounce for stop first
[10:48] {Les} lvs .90 b/d?
[10:49] {Threei}  I believe so
[10:52] {Les} nein, nein and nyet
[10:55] {davd} cat invalidated threei?
[10:55] {davd} sorry - yes invalidated
[10:55] {strider} HD
[10:56] {khaln} .
[10:57] {Les} GDX
[10:57] {Les} gLD
[10:58] {Threei}  could easily turn out bouble bottom GLD
[10:58] {Threei}  hard to tell
[10:58] {Threei}  50/50
[10:58] {Les} is that like a bubble butt?
[11:00] {ese} Ron.  Roy Orbison is pushing daisies isn't he?
[11:01] {davd} in HD .70
[11:01] {Threei}  (US) Treasury to sell $32B 3-year and $21B 10-year notes, and $13B 30-year bonds (related TLT SHY )
[11:01] {strider} I see HD as a short
[11:01] {Threei}  me too
[11:01] {davd} out hd stopped
[11:02] {RonS} ya unfortunately ese...the guy woulda been as big as Elvis if he did not have the eye problems..
[11:02] {RonS} http://www.youtube.com/watch?v=jjMfQG4DejQ
[11:02] {davd} me too :/
[11:02] {RonS} Roy with the Travelin Wilburys was the best...
[11:02] {ese} L sndk .83
[11:03] {Les} gold trashing day
[11:03] {Threei}  GDX broke
[11:03] {Threei}  barbaric relic
[11:03] {Threei}  there, I did my part
[11:03] {Les} you take it?
[11:03] {Les} cool
[11:04] {Threei}  GLD has goldbugs on ropes today
[11:04] {Threei}  did they start screaming "manipulation" yet?
[11:04] {ese} daaaaaaaaaa!!!!!!!!!!!!!! out sndk .70 -.13
[11:04] {khaln} lvs.?
[11:04] {Les} works nicely now frikin SOB lvs
[11:05] {Les} nice selling vol. on break
[11:05] {Threei}  don't see clear play on it khaln
[11:05] {khaln} thx
[11:05] {ese} ya ...i really liked the travelling W's
[11:08] {Threei}  panic GLD
[11:09] {magoo} GLD call is for panc?
[11:10] {Threei}  panc, you better change that nick... magoo won't let it go until he chews through your throat
[11:10] {magoo} sorry
[11:10] {magoo} but its true
[11:10] {Threei}  and yes, he will apologize every time
[11:10] {_panc} yes, I know. Next nick will be "euphoria" :-)
[11:10] {Threei}  lol
[11:11] {magoo} mkts look like rolling over here
[11:12] {Les} q's still holding out
[11:15] {Les} gld has another 1.50 to gap closure. could get interesting
[11:16] {Les} http://www.finviz.com/futures_charts.ashx?t=GC&p=m5
[11:16] {Les} pretty ugly
[11:19] {Threei}  GLD bounce time IMO
[11:20] {magoo} u thinkin it holds 130?
[11:20] {magoo} futes getting crushed
[11:20] {Threei}  yes, just want SPY to cooperate
[11:20] {magoo} dont see spy coop
[11:20] {Threei}  feels like last shakeout
[11:20] {Threei}  then ramp up
[11:21] {magoo} let me know when in
[11:21] {Threei}  now IMO
[11:21] {Threei}  stop under 130
[11:22] {magoo} in .08
[11:22] {Threei}  sshould do something like .40 easy
[11:24] {Threei}  1:1
[11:24] {Threei}  1:2
[11:25] {Threei}  how about that timing and intuition about last shakeout?
[11:25] {magoo} perfect, ty
[11:25] {Threei}  welcome
[11:26] {RonS} ...all hale 3i...
06[11:26] * Threei takes a bow
[11:27] {Les} hehehe yeh some great reads this last week
[11:27] {Threei}  1:3
[11:27] {Threei}  .40 target is here
[11:29] {jfjf64} nice
[11:29] {jfjf64} ran  kgc up
[11:29] {jfjf64} with  ya  call gld
[11:29] {jfjf64} 5000 babbies
[11:29] {jfjf64} ty
[11:30] {Threei}  welcome sir
[11:30] {RonS} wow jf gj
06[11:31] * Threei slaps jfjf64 around a bit with a large roll of cash
[11:31] {magoo} dats DATS how ya do it
[11:32] {jfjf64} what  made ya  think  bounce
[11:32] {jfjf64} that question
[11:32] {jfjf64} i need to learn
[11:32] {jfjf64} lol
[11:33] {Threei}  you don't want to hear an aswer
[11:33] {jfjf64} wanna shoot myself
[11:33] {Threei}  but I'll give it to you anyway
[11:33] {jfjf64}  didnt  partial
[11:33] {jfjf64} got out  in  full 18.97
[11:33] {Threei}  there are things I can put in words, in strictly defined setups
[11:33] {jfjf64} answer pls
[11:34] {magoo} ouyt here .46
[11:34] {magoo} ty
[11:34] {magoo} no pain
[11:34] {Threei}  :)
[11:34] {jfjf64} gj  magoo
[11:35] {Threei}  and there are things that work on deeper level than logic, parameters, defined criteria and "programmable" actions
[11:35] {Threei}  intuition based pn 14 years of exxperience
[11:35] {Threei}  arriving to a conclusion thanks to huge arsenal of recognizable situations
[11:35] {jfjf64} sometime  trust  GUT
[11:35] {magoo} suubliminal pattern recognition
[11:35] {jfjf64} correct
[11:35] {Threei}  yup
[11:36] {Threei}  when I can define it, I make colored alert call
[11:36] {Threei}  in some cases I can't
[11:36] {Threei}  I just look at the chart and see how it's going to unfold
[11:36] {Threei}  this was one of them
[11:36] {Threei}  you noticed,
[11:36] {jfjf64} looks  lk set up  again
[11:36] {jfjf64} kgc
[11:36] {RonS} aka pattern recognition...
[11:36] {Threei}  right after I said it, SPY made sharp red bar
[11:37] {Threei}  and I said
[11:37] {Threei}  [11:20] {Threei} feels like last shakeout
[11:37] {Threei}  [11:20] {Threei} then ramp up
[11:37] {Threei}  [11:20] {Threei} feels like last shakeout
[11:37] {Threei}  [11:20] {Threei} then ramp up
[11:37] {Threei}  sorry for double
[11:37] {Threei}  if I said I had a method to read why it was a shakeout and not another step down, I would be lying
[11:37] {Threei}  I have no idea
[11:37] {RonS} my take jf fwiw:  there are spike/drop reversals, and wave reversals
[11:38] {jfjf64} fwiw
[11:38] {jfjf64} like
[11:38] {jfjf64} took
[11:38] {jfjf64} few  seconds
[11:39] {RonS} gld was a wave reversal.  since the 4th selloff wave came so early in the day it increased thwe chance of a reversal here rather than a 5th wave down...
[11:40] {RonS} ...there are rarely more than 5 waves intraday...
[11:42] {jfjf64} didnt  read  that  in  3i  book
[11:42] {jfjf64} lol
[11:42] {jfjf64} ty
[11:43] {Les} Ron would you mind pointing out the waves please? I'm interested in what you see
[11:43] {Les} can you paint them in and save the page?
[11:44] {RonS} like i said "my take"...
06[11:44] * magoo slaps Les around a bit with a large trout
[11:44] {Les} piss off mags
[11:44] {magoo} got your back ron:)
[11:45] {Les} sure, wanna see how you interpret your waves, is all. You see 4 of them here in GLD...
[11:45] {Threei}  my view, and admittedly unpopular, is:
[11:45] {RonS} Les my criteria is rough...essentially it is a drop and basing for a single wave, for the next it needs to go below the first etcetera
[11:45] {Les} wish we could upload like we used to
[11:45] {Threei}  you can count waves in any way you like
[11:45] {Les} aaah ok
[11:46] {Threei}  there are as many ways to do it as there are people who apply them
[11:46] {Threei}  and they are always obvious after the fact
[11:46] {Threei}  but I aam yet to see any consistent application of them before the fact
[11:48] {Threei}  here is the thing to ponder though
[11:48] {larisa} "having no idea" is more consistent ? :)
[11:48] {larisa} just kidding, do not kill me, great call :)
[11:48] {Threei}  in the end, any method of TA ultimately is a method of visualizing things in a form that makes it easier for us to comprehend the action
[11:49] {RonS} btw, i only do the wave thing intraday...and the count on gld so early is very rare.  That plus 3i's "unconcious competance" of pattern recognition promted me to act
[11:49] {RonS} prompted
[11:49] {Threei}  so if waves or Fibs or golden ratio or moon cycles help you see the rhythm - use it
[11:50] {Threei}  I just hate it when waves theorists spew the nonsense about 150 years cycles, lol
[11:50] {magoo} really, what ron sees as waves may be HIS subliminal pattern recog
[11:50] {Threei}  DOW formed 80 years wave, which is fifth one counting from 380 years ago?
[11:50] {Threei}  bs, me says :)
[11:51] {jfjf64} lol
[11:51] {Threei}  and larisa... don't tell me who to kill and who not to... I'll kill whoever I please
[11:51] {jfjf64} wow
[11:52] {larisa} nah, not afraid :)
[11:52] {Threei}  I know... this is how I epxress my being scared :)
[11:52] {larisa} lol
[11:53] {Les} LVS
[11:53] {Les}  .85 b/d?
[11:53] {RonS} jf...ever heard of the Levels of Competance:  1. Unconcious Incompetant  2.  Concious Incompetant  3.  Concious Competant  4.  Unconcious Competant
[11:53] {Threei}  and to answer... no, "having no idea" is not very consistent - how often do you see me making this kind of call? :)
[11:54] {Threei}  yes Ron... nemo's fan of that definition
[11:54] {Threei}  LVS, no
[11:54] {Les} LVS looks like breakout
[11:54] {Les} but market is a$$, as mags likes to say
[11:54] {Threei}  breakout maybe
[11:54] {Threei}  breakdown, no
[11:54] {RonS} ...what makes 3i rare is that he is in Stage 4, but can still express for the most part what makes him competant.  Most Stage 4's and are in a state of zen and have long forgotten what makes them competant
[11:55] {Les} yeh ok
[11:55] {Threei}  hmm... being rare makes me fearful
[11:56] {Threei}  am I about to extinct?
[11:56] {RonS} ...the only thing i fear is Larissa...:D
[11:56] {Les} I'd like to think I'm conscious incompetent but Vad hits me so often with 2X4 that I fear unconsciousness and greater incompetancy
[11:56] {Threei}  you should... I know I am
[11:56] {RonS} that is funny Les...
[11:57] {Threei}  concussion can only help les
[11:57] {Threei}  I sholuld say, occassional concussion... sounds smooth
[11:57] {Threei}  rolls of the tongue easy
[11:58] {Threei}  occassional concussion leading to unconsciousness
[11:58] {Threei}  say that three times fast
[12:10] {ese} L teva .52 L sndk 39
[12:17] {ese} out teva .58 +.06
[12:19] {Les} SLV
[12:20] {Les} b/d?
[12:20] {Les} right here
[12:20] {Les} ?
[12:20] {Threei}  too sharp into support
[12:20] {Les} ok
[12:20] {Threei}  little bounce firts, then break
[12:20] {Threei}  I would be more enchanted with it
[12:20] {Threei}  like this
[12:26] {Les} GLD
[12:26] {Les} leading the way
[12:28] {ese} sndk stopped again .25 -.14
[12:31] {Les} bingo
[12:33] {davd} dollar leading the way, gld following.
[12:35] {magoo} GLD crushed
[12:35] {RonS} yep...euro lost 1.39 now 1.3846...and v yen from north of 115.5 to 114.35
[12:36] {magoo} mkt is ass
[12:37] {davd} funny, when gld drops everyone calls a top - genious!
[12:37] {Threei}  but of course
[12:38] {Threei}  didn't you know, out of 10 analysts 11 called 2008 crash?
[12:38] {Threei}  of course we found out about their csll in 2008
[12:38] {Threei}  2009
[12:38] {Les} right you are davd, but I was watching GLD lead SLV into the drop...
[12:39] {davd} aha!
[12:39] {Les} SLV is more strongly defended I see
[12:40] {magoo} mkts looks like ASS here
[12:40] {Les} :)
[12:40] {magoo} 61 red
[12:42] {RonS} hike
[12:46] {RonS} ya think:  http://tinyurl.com/33nj6de
[12:52] {RonS} yes Virginia, there is no inflation (except for food, energy, insurance, education, and government): http://tinyurl.com/332pxrl
[13:53] {larisa} .
[13:54] {Threei}  good point
[13:56] {Threei} Long Setup:  GLD  .35 break
[13:56] {Threei}  half lot
[13:57] {ese} in
[13:57] {Threei}  .25 support for stop placement
[13:58] {ese} you betcha
[13:59] {Threei}  1:1
[14:00] {ese} out .46
[14:00] {ese} tks vad........gotta go  catch you tomorow
[14:01] {Threei}  :)
[14:02] {Les} nice. was watching TNA .75 break when it failed 1:30pm. missed the break due to dinner
[14:02] {Les} love the jabs and false punches thrown by the market
[14:03] {Les} a sneaky SOB
[14:03] {Threei}  delightful in its treacherousness
06[14:04] * Threei envisions Ron blacking out
[14:05] {RonS} ...from boredom?
[14:06] {Threei}  I actually meant my poetic prowess... but whatever
[14:06] {Threei}  sniff sniff
[14:09] {Les} touché Ron
[14:10] {RonS} your command of the language is impressive 'cept when  you get in that yoda syntax mode...
[14:13] {jfjf64} 3i  still in  gld
[14:13] {Threei}  half
[14:13] {jfjf64} nice
[14:13] {RonS} euro recaptured 1.39
[14:13] {Threei}  and I am too busy looking up :yoda syntax mode"
[14:13] {jfjf64} you nuts lost me
[14:14] {RonS} speech pattern of yoda the Star Wars character...
[14:14] {jfjf64} ahhh
[14:14] {Les} lol Yoda was a Russian!
[14:14] {Threei}  I have to admit... I asm blisfully unaware of it
[14:14] {jfjf64} yeah
[14:14] {Les} a friggin green little commie
[14:14] {jfjf64} yoda a russian
[14:15] {jfjf64} what wd stallin think
[14:16] {jfjf64} gld  breaks  .58  good by
[14:16] {jfjf64} imo
[14:17] {jfjf64} wher is stop  3i
[14:17] {jfjf64} .44
[14:17] {Les} yeh unfortunately I don't know mechanics of english so I can't explain how you write vad
[14:17] {Les} but I admire it and startin to copy it
[14:17] {Les} fast and practical
[14:18] {Threei}  1:2
[14:18] {Threei}  so stop is under 1:1 now
[14:19] {jfjf64} hmm  yoda
[14:19] {Threei}  it's easy Les
[14:19] {Threei}  close your eyes and hit keys randomly
[14:19] {Threei}  open your eyes and see what transpired
[14:19] {Threei}  sometimes it makes sense - then copy it and paste into draft of your next book
[14:20] {Threei}  dismiss the rest
[14:20] {Threei}  discard even
[14:20] {magoo} vad, r u really writing a new book
[14:21] {Threei}  http://www.realitytrader.com/tao.html
[14:21] {Threei}  not as much a book as on online course
[14:21] {magoo} christ, i haven't read your last 3 yet
[14:22] {Threei}  so why are you so worried... that will be 4th unread, that's all
06[14:22] * Threei slaps magoo around a bit with a large book of Techniques of Tape Reading
06[14:22] * Threei slaps magoo around a bit with a large Master Profit Plan
06[14:22] * Threei slaps magoo around a bit with a large scalping course
[14:23] {Threei}  see? all I will have to do is a slap with A Taoist Trader course, and you are all set
[14:23] {magoo} ive been slapped by them many times before...just never opened them
[14:23] {Threei}  neither did I
[14:26] {jfjf64} 3i  little previw  4 us
[14:27] {Threei}  O posted some yesterday... Ron is still having heart attack
[14:27] {jfjf64} o
[14:27] {Threei}  and karisa went to check for food poisoning
[14:28] {Threei}  larisa too
[14:28] {RonS} my favorite republican:  http://tinyurl.com/33dqvdo
[14:29] {Les} hold on Vad
[14:29] {Les} hard to ask my schoolteacher wife
[14:29] {Les} what it means to speak like you
[14:29] {Threei}  doesn't work Ron
[14:29] {Les} http://encyclopedia.thefreedictionary.com/Article+(grammar)
[14:30] {Les} so you often skip definite and indefinite articles
[14:30] {Les} when writing
[14:30] {Les} the, a
[14:30] {Threei}  yes, most russians do
[14:30] {Les} etc
[14:30] {RonS} hmm, works for me...reuters story that Chris Cristie is cancelling a big project
[14:30] {Les} yes, this is what I wanted to ask
[14:30] {Threei}  this is a concept that is absolutely foreign to russians
[14:30] {Les} how is it in yourlanguage?
[14:31] {Threei}  there is no such thing at all
[14:31] {Threei}  A and THE is something we just don't get
[14:31] {Les} so "a" cat is...?
[14:31] {Threei}  cat
[14:31] {RonS} lol
[14:31] {Les} :)
[14:32] {RonS} reminds me of Abbot and Costello
[14:32] {Threei}  all who edit my writing always have about 80% of what they do in putting those As and THEs in place
[14:32] {Threei}  for us they carry no meaning
[14:32] {Threei}  so we tend to mix them or skip them altogether
[14:33] {Les} strange. I just can't picture "cat"
[14:33] {RonS} http://www.youtube.com/watch?v=sShMA85pv8M
[14:33] {Les} the cat, a cat, my cat yes...
[14:33] {Threei}  well, then explain the difference between a cat and the cat :)
[14:33] {Les} AAAAAAAAAAAAAHHHHHHHHHHHH
[14:33] {RonS} genric v specific
[14:34] {RonS} generic
[14:34] {Threei}  no, I understandf that
[14:34] {Threei}  but when Les says "picture", I suggest a visual :)
[14:34] {Threei}  "cat came close"
[14:34] {Threei}  "a cat came close"
[14:34] {Threei}  "the cat came close"
[14:35] {Threei}  I pictuire the came cat in all three instances :)
[14:35] {Threei}  the same
[14:35] {Les} fascinating
[14:35] {RonS} ...the French started all of it trying to get laid...imo
[14:36] {Threei}  lol
[14:37] {RonS} ...if you have not seen it 3i, you gotta watch that Abbot and Costello bit...a classic
[14:37] {Les} how do you differentiate between a cat you know and a cat you don't know...?
[14:37] {Les} i.e., a cat or the cat?
[14:37] {Threei}  I put the name or qualifier
[14:37] {RonS} ...who cares...it's a cat...
[14:38] {Les} so your cat or the neighbours cat etc?
[14:38] {Threei}  my cat
[14:38] {Threei}  her cat
[14:38] {Threei}  unknown cat
[14:38] {Threei}  felix the cat
[14:38] {RonS} cat in the hat
[14:39] {Threei}  who's on first.. I know that one, Ron :)
[14:39] {Les} ok so russian requires a qualifier or further info.... ok
[14:39] {RonS} good 'nuff
[14:39] {Threei}  or it's just understood by default Les
[14:40] {Les} sure that I can understand
[14:40] {Threei}  you can tell a story about you walking somwhere, and say
[14:40] {Threei}  black cat peeked from around the corner
[14:40] {Threei}  it will be clear
[14:40] {Threei}  from the cotext, whether you knew the cat or not
[14:41] {RonS} ...but which corner?...:D
[14:41] {Threei}  THE corner :)
[14:42] {Threei}  but whatever you do, never ever say "a larisa"...
[14:42] {RonS} ...anyway, language is about as clear as mud...or as bill clinto said "it depends on what is is"
[14:42] {RonS} clinton
[14:43] {Threei}  I have a lot pf sympathy to those who study Russian
[14:43] {RonS} ...and "when they asked if i have sexual relations i thought they meant sex with my relations...
[14:44] {khaln} lol
[14:45] {Les} hehehe
[14:52] {RonS} 3i, do you think tivo is winding up for a move?
[14:53] {Threei}  could be... seems like binding its time
[14:53] {Les} http://www.businessinsider.com/obama-to-veto-foreclosure-gate-bill-2010-10
[14:54] {Les} seems congress trying to do its usual routine
[14:54] {Les} screwing the people
[14:55] {Les} GLD .43 b/d vad u like?
[14:56] {Les} oooh yeh
[14:56] {magoo} vad, mkts sell intop bell?
[14:56] {Threei}  nah
[14:56] {Threei}  sideways
[14:56] {magoo} we in anything?
[14:57] {RonS} The American Republic will endure until the day Congress discovers that it can bribe the public with the public's money.
[14:57] {RonS} Alexis de Tocqueville
[14:57] {Les} didn't take them long to figure it out
[15:02] {Threei}  Kenyan Polygamist Dies After Marrying 100 Wives
[15:02] {Threei}  good to know... I'll stop at 99
[15:03] {RonS} lol
[15:03] {khaln} heheh
[15:03] {RonS} guy must have been deaf...
[15:03] {Threei}  but will keep a candidate for 100th close at hand, as an easy way out
[15:04] {Les} I thought you were going to die in front of your screen leading us to profits 50 years from now
[15:04] {RonS} consumer credit report 3i?
[15:04] {Threei}  why would I want such a horrendous death
[15:04] {Threei}  and life
[15:05] {Threei}  *(US) AUG CONSUMER CREDIT: -$3.3B V -$3.5BE
[15:05] {Threei}  non-event
[15:05] {Threei}  Prior revised to -$4.1B from -$3.6B prior
[15:05] {Threei}  - Total consumer credit annual rate -1.7%
[15:05] {Threei}  - Revolving credit -$5B (23nd straight decline; longest decline on record); -7.2% annual rate.
[15:05] {Threei}  - Non Revolving credit +$1.6B; +1.2% annual rate.
[15:05] {Threei}  Consumer Credit has declined for 21 of the last 23 months since the beginning of the credit crisis. During this period, monthly credit has only risen in the months of Jan 2010 and Jan 2009.
[15:06] {RonS} txs
[15:11] {RonS} adbe halt
[15:12] {magoo} circuit breakrer halt
[15:12] {Threei}  ADBE Strength attributed to positive comments from NYT technology section
[15:12] {Threei}  - Will resume 15:13:03
[15:13] {Threei}  - Speculates about topics of conversation at recent meeting between top execs at Adobe and Microsoft. Discussed strategies for teaming to combat Apple's dominance in the mobile device market. Speculates a merger may have been discussed as one option at the meeting that lasted over one hour.
[15:13] {RonS} trading...
[15:15] {Les} lol they'll have to stop it again...
[15:16] {Les} wow huge gap to fill
[15:18] {RonS} gap fill is my #2 pet peeve; with #1 being all of the bozos saying "clearly"
[15:19] {Les} clearly adbe has a large gap to fill
[15:19] {RonS} ouch
[15:19] {Les} :)
[15:20] {Les} outta here. c u's tomorrow.
[15:20] {magoo} bye les
[15:20] {Threei}  take care les
[15:32] {larisa} Nasdaq launching market based on size, not speed?  what did I miss?
[15:32] {magoo} huh?
[15:33] {larisa} did not hear what CNBC was talking about, just saw headline
[15:33] {Threei}  I don't understahd what it means
[15:34] {larisa} http://ir.nasdaq.com/releasedetail.cfm?ReleaseID=508731
[15:38] {Threei}  so far, from what I see it's of no consequence for us
[15:38] {Threei}  ty larisa
[15:38] {larisa} yes, headline scared me :)
[15:38] {Threei}  good to know ehat's happening
[15:44] {Threei}  ALK Moves lower on report that CEO is subject of SEC trading probe (47.38, -1.37, -2.81%)
[15:48] {Threei}  OSIS Rapiscan Unit awareded $24.2M contract from Dept of Homeland security
[15:48] {Threei}  Awar for X ray system for improving its inspection of cargo conveyances arriving in the United States at various CBP ports of entry (POEs)
[15:48] {Threei}  - Note: OSIS reports approx $150M in revenues per quarter
[15:54] {RonS} scalped .70 on aks short...thanks 3i
[15:54] {Threei}  :)
[15:55] {jfjf64} good day all
[15:55] {RonS} cya jf
[15:55] {Threei}  take care jf
[15:56] {jfjf64} cya RS
[15:57] {davd} good evening all!
[15:57] {RonS} same here all...
[15:58] {Threei}  thank you all
[15:58] {Threei}  have a good evening, see you tomorrow
[15:59] {larisa} bye :)
[16:02] {magoo} AA halt
[16:02] {magoo} sheesh

Wednesday, October 6, 2010

Oct 06 2010

A few good trades early on practically made the day. Action stalled afterwards, except for news-fueled moves like TIVO. Nice morning open break trade on RIMM made the catch of the day chart. Somewhat non-traditional variation of it is, to exclude the influence of opening volatility, only candle bodies were  taken into account to determine consolidation range, while tails and long opening candles were dismissed as outliers. Such is a life of discretionary trader - always some if, but or unless.



Session Time: Wed Oct 06 00:00:00 2010
[08:33] {magoo} ello mates
[08:38] {Threei}  gidday mate
[08:39] {jfjf64} ii
[08:45] {kowboy} gm
[08:46] {Threei}  jf, kowboy :)
[08:48] {magoo} howd yesterday end?
[08:49] {magoo} was good morn'
[08:50] {jfjf64} anyone  watch kramer
[08:50] {jfjf64} gold  2000
[08:50] {Threei}  nothing spectacular... one win, one stop
[08:50] {Threei}  market stalled
[08:51] {Threei}  ty jf, now I am ready to short it
[08:51] {jfjf64} weired day  imo
[08:51] {jfjf64} +195
[08:51] {magoo} ah, boy got cast off, clearance to ride in 2 weeks, good news
[08:51] {jfjf64} how
[08:51] {Threei}  congrats mags
[08:52] {jfjf64} nice
[08:52] {magoo} ty...dino out today? i know hes headed south
[08:52] {jfjf64} y
[08:55] {magoo} anyone see the new wallstreet movie? is it good?
[08:55] {jfjf64} not  yet
[08:55] {jfjf64} wait  dvd
[08:55] {jfjf64} next  week  prob
[08:56] {jfjf64} lol
[08:56] {RonS} gm all...not seen, but heard it is "subprime"
[08:57] {Threei}  Ron :)
[08:58] {davd} its on the goldman sachs conviction buy list - that means it will have a good 3 days and then taper off.
[08:58] {davd} the movie
[09:00] {magoo} lol
[09:00] {davd} sell a spread on the movie - read the reviews in the paper and get the video in a couple of months
[09:02] {Threei}  or, hedge your bet with options, by renting good ole Naked Gun
[09:03] {Threei}  ad if new movie is bad, cover your losses by swapping DVD
[09:03] {Threei}  (US) US Treasury Sec Geithner: important to see more progress by key emerging market econmomies towards market-oriented FX rates (standard G7 speak)
[09:03] {Threei}  - Currency battles risks inflation and asset bubbles
[09:03] {Threei}  - large economies with undervalued currencies that keep the FX rates from appreciating will have other countries encourgaged to follow suit
[09:04] {_panc} good morning all
[09:04] {Threei}  panc :)
[09:06] {magoo} morn panic
[09:06] {_panc} grr
[09:06] {_panc} :-)
[09:06] {magoo} he he
[09:06] {Threei}  lol
[09:06] {magoo} all in fun
[09:06] {_panc} no prob
[09:07] {Threei}  US savings rate is rising but export-related countries must change their policies
[09:07] {Threei}  - Countries with chronically large supluses must adopt policies to increase their domestic demand
[09:10] {lilyd} morning...
[09:10] {Threei}  lily :)
[09:15] {ese} morning
[09:15] {Threei}  ese :)
[09:16] {Les} no drums at my house
[09:16] {ese} awe
[09:19] {Threei}  status update on A Taoist Trader course:
[09:19] {Threei}  just one chapter left to be writtent from scratch,
[09:20] {Threei}  a few (5-6) need some re-writing to incoropoarte some understandings gained later on,
[09:20] {Les} you mean you're making this up as you go along?
[09:20] {Threei}  a few attachments need to be structured (trader's routines for various sitiations, namely)
[09:20] {Threei}  no, I was born with this course written in my head
[09:21] {Les} sorry, just pulling a line of Life of Brian
[09:21] {Threei}  :)
[09:21] {Les} "He's making it up as he goes along!"
[09:21] {Threei}  well, and technological part of course
[09:21] {Threei}  giving it an actual web form
[09:21] {larisa} gm :)
[09:22] {Threei}  larisa :)
[09:22] {khaln} gm
[09:22] {Threei}  khaln :)
[09:23] {RonS} eqix whacked
[09:23] {magoo} vad, u see EQIX
[09:24] {Threei}  EQIX Guides Q3 R$328-330M v $335Me, ($335-338M prior guidance); FY R$1.22B v $1.2Be ($1.23-1.24B prior guidance)
[09:24] {Threei}  - Expects 2010 third quarter and full year adjusted EBITDA will be above the Companys previous outlook (Guides Q3 EBITDA at greater than $140M ($136-139M prior guidance), and FY at approx $540M)
[09:24] {Threei}  - This updated guidance is due to underestimated churn assumptions in Equinixs forecast models in North America, greater than expected discounting to secure longer term contract renewals and lower than expected revenues attributable to the Switch and Data business acquired in April 2010.
[09:25] {RonS} ...cloud computing goes commodity...
[09:26] {RonS} hey mags, u buy some of those 100 yr Mexican bonds?
[09:27] {RonS} 6% divvy...
[09:28] {ese} 100 year?
[09:28] {RonS} yep
[09:29] {RonS} ...do it "for the children"...:D
[09:29] {Threei}  ll
[09:29] {Threei}  IMF CHief Economist: Probability of negative US growth is low
[09:29] {Threei}  ll was lol wiout "out" part
[09:30] {Threei}  call it inner laughter
[09:32] {Threei} Short Setup: LVS  .10 break half lot
[09:32] {Threei}  if stays under .20
[09:33] {Threei}  invalidated
[09:35] {Threei}  watch ROMM for long on pullback to about .30
[09:35] {Threei}  RIMM
[09:35] {Threei}  half lot, with stop under .20
[09:37] {Les} GDX dbi
[09:37] {Les} or dt...
[09:39] {Threei}  now LVS worked
[09:39] {Threei}  lol
[09:39] {Threei} Long Setup:  RIMM  .45 break
[09:39] {Threei}  half lot
[09:40] {Threei}  if stays above .35 for scalpers, .30 for day traders
[09:42] {Threei} Long Setup:  LVS  .85 break
[09:42] {Threei}  if holding .75
[09:43] {Threei}  RIMM 1:1 scalpers
[09:43] {Threei}  and day traders
[09:43] {Threei}  LVS invalidated
[09:43] {davd} in rimm .4
[09:44] {Threei}  half out davd
[09:44] {Threei}  be reasonable
[09:47] {Threei}  out RIMM 1/4 more
[09:47] {davd} out rimm .59 1/2 lot
[09:48] {Threei}  out in full
[09:48] {Threei}  +.40
[09:48] {Les} you going back to bed now?
[09:49] {davd} out in full rimm
[09:49] {Threei}  never left it
[09:49] {Les} hehehe
[09:49] {Threei}  nice clean 1:3
[09:49] {davd} .8 last lot rimm
[09:49] {jfjf64} ty
[09:49] {Threei}  yw
[09:49] {magoo} EQIX vad
[09:50] {magoo} support 75.50 area
[09:51] {Threei}  support?
[09:51] {Threei}  from when??
[09:51] {magoo} i read it this morn
[09:51] {magoo} realmoney
[09:51] {Threei}  ahhh
[09:51] {Threei}  good luck then
[09:52] {Threei}  they also told the world to buy in Feb of 2000
[09:52] {Threei}  and Sept of 2008
[09:55] {Threei}  EQIX is a great stock to lose your shirt on, in a single day
[09:56] {magoo} shirt or short he he
[09:56] {Les} X vad. u see a setup?
[09:56] {Les} breakout of this consolidation here
[09:56] {Threei}  pullback to .60, I'd probably get interested
[09:57] {Threei}  (US) US Treasury's Geithner: Adjustment in the US is 'well advanced'; housing market remains very weak - Q&A session
[09:57] {Threei}  - Fiscal challanges is manageable in the US over the next decade but very significant in the long term
[09:57] {Threei}  - US housing market remains "very weak", White House and Fed policies have brought some stability to housing.
[09:57] {Threei}  - Process of economic adjustment is "very well advanced" in the US; Some parts of US economy are doing well, such as high tech.
[09:57] {Threei}  - US is not short of allies on currencie issues but not looking for near-term quick solution on currency reform.
[09:57] {Threei}  - Better for countires to move multi-lateral to permit permanent FX adjustments; US canot sove FX issues on its own
[10:00] {Threei}  lvs
[10:03] {magoo} FCX
[10:03] {jfjf64} F
[10:03] {Threei}  SEED Strength attributed to takeover chatter (8.42, +0.34, 4.21%)
[10:04] {Threei} Long Setup:  CAT  .85 half lot
[10:06] {Threei}  invalidated for now
[10:06] {jfjf64} FCX
[10:06] {magoo} man X
[10:09] {Threei} Long Setup:  FCX  .20 break half lot
[10:09] {Threei}  if stays above .10
[10:10] {Threei}  Preview: DOE (EIA) Petroleum Inventories due at 10:30ET
[10:11] {Threei}  TIVO Ticking higher on chatter Patent office could make a favorable presentation at upcoming appeals court hearing
[10:14] {Threei} Long Setup:  X  .15 break
[10:15] {strider} dyop .00?
[10:15] {strider} stop
[10:15] {Threei}  just under
[10:17] {Threei}  market weakens
[10:17] {Threei}  not sure about X here
[10:17] {Threei}  golding well so far
[10:18] {Threei}  holding too
[10:18] {davd} in x .15
[10:19] {Threei}  how about that 75.50 support for EQIX...
[10:20] {Threei}  no go X
[10:23] {strider} FCX support
[10:23] {strider} or not
[10:25] {Threei} Long Setup:  TNA  .65 break half lot
[10:26] {Threei}  change to .60
[10:27] {Threei}  if holding .50
[10:27] {strider} in .53
[10:27] {Threei}  good aggressive
[10:27] {magoo} CAT vad
[10:28] {strider} out 1/2 .67
[10:28] {Threei}  1:1 TNA, half out
[10:29] {Threei}  sorry mags, couldn't do two fast ones
[10:29] {Threei}  1:2
[10:29] {strider} out .80
[10:29] {Threei}  out too
[10:30] {strider} EQIX c&h, fwiw
[10:32] {Threei}  *DOE CRUDE: +3.1M V +500KE; GASOLINE: -2.6M V -500KE; DISTILLATE: -1.12M V -1ME; UTILIZATION: 83.1% V 85.4%E
[10:32] {Threei}  - Distillate demand -175K bpd to 3.72M bpd
[10:32] {Threei}  - Gasoline demand -400K bpd at 8.99M bpd
[10:35] {strider} GE new daily high from May 19
[10:42] {Les} rimm
[10:43] {Les} back to todays opening price
[10:43] {Les} aka possible db
[10:47] {khaln} .
[10:47] {Threei}  feels like today is a breather for the market
[10:48] {Threei}  RIMM Hearing Jefferies making cautious comments (timing uncertain) (49.05, -0.63, -1.27%)
[10:48] {Les} X still strong
[10:50] {Les} http://www.finviz.com/futures_charts.ashx?t=GC&p=m5
[10:51] {RonS} GE buying Dresser for $3 bil...
[10:51] {strider} GE hits 17
[10:51] {Threei}  I never ever let my wife shop alone for the furniture anymore
[10:51] {Les} $pog ready for a breather? GLD gap up and stall. different today.
[10:51] {khaln} LOL
[10:51] {RonS} ...bought a $1.7 bil consumer loan portfolio overnight from C
[10:52] {RonS} GE did...
[10:53] {khaln} shopping with your credit card?
[10:53] {Threei}  some dressers are exceeding my credit limit
[10:53] {Threei}  [10:51] {RonS} GE buying Dresser for $3 bil...
[10:56] {RonS} Homer Simpson forehead slapper...doh!...http://www.msnbc.msn.com/id/39530875/ns/us_news/?GT1=43001
[10:57] {Les} girls will do it you every time...
[10:59] {ese} L entr .85
[10:59] {Threei}  I strongly disagree.. my personal experience is, they do it to you every other time
[10:59] {Les} semantics vad, semantics
[10:59] {Threei}  hey, it's half jail time... not just semantics
[11:00] {Threei} Short Setup: CAT  79 break
[11:01] {strider} above .20 stop?
[11:01] {ese} did I post i'm long molx .44 ?
[11:01] {Threei}  invbalidated actually
[11:02] {ese} 3/4
[11:03] {davd} x invalidated?
[11:03] {ese} nope........don't see it
[11:03] {davd} sorry, CAT invalidated?
[11:03] {Threei}  yes
[11:04] {Threei}  may reestablish if consolidates here for couple min
[11:05] {strider} RIMM new low
[11:06] {davd} gj re rimm 3i
[11:08] {RonS} ...this is the first time in three weeks that the POMO Fed purchases has not spurred a rally.  Today's operation the Fed bought $2.? of Treasuries, and were offered $25 bil.  No further operations untl the 13th or 14th...
[11:11] {RonS} Euro looking to break through 1.39...
[11:12] {kowboy} mtb
[11:14] {Threei}  RIMM, dive closer to .60 is likely to be a long entry for double bottom
[11:15] {Threei}  EUR/USD Moves abouve 1.3900 for the first time since Feb
[11:16] {Les} cat
[11:20] {Threei}  let's see if RIMM forms clear trigger
[11:22] {Threei}  nope, new low
[11:22] {ese} out molx .55 +.11
[11:27] {Threei}  (GE) Goldman Sachs forecasts Euro reaches 1.40 in six months, 1.55 in 1 year; Germany 10 year bunds to reach 2.4% v 2.7% prior forecast
[11:28] {ese} i'm loving dino style right now with entr
[11:28] {ese} dino's
[11:29] {RonS} ...at the rate it's been going it will happen tonight...
[11:36] {ese} out 1/2 entr .98 +.13
[11:37] {RonS} gj ese
[11:37] {ese} tks ron......balance 2 1/2 k to break even
[11:37] {Threei}  BP Presidential Commission reportedly says the White House blocked the release of the worst case scenario estimates of BP oil spill in Gulf of Mexico (41.62, +0.29, 0.70%)
[11:38] {kowboy} eqix
[11:39] {ese} been watching that too
[11:41] {davd} i read "descending volume"  3i, just took cat from .22 to .46
[11:43] {RonS} aig daily breakout on intra march higher...
[11:43] {magoo} i just read ' decadant vavoom"
[11:44] {Threei}  nice one davd
[11:45] {davd} saw the lower vol at 11:39
[11:47] {kowboy} ffiv
[11:49] {Les} rimm tightening up.
[11:50] {Les} for break. can't see which way
[11:50] {magoo} mkts look like ass here tho
[11:50] {Les} :)
[11:52] {kowboy} eqix near 72 lod , gone
[11:52] {magoo} eqix blowin my mind
[11:52] {magoo} but not my acct
[11:53] {Threei}  you are all grown up magoo... tears on my eyes
[11:53] {strider} cover EQIX +.77 scalp
[11:53] {Threei}  oversold gets oversolder
[11:53] {magoo} get yourself together he he
[11:53] {Threei}  let the suckers try and catch the falling knives
[11:54] {kowboy} 2% only lower guidance
[11:54] {Threei}  doesn't matter
[11:54] {Threei}  market is not moving on cold data
[11:54] {kowboy} vad says trade what u see, not what u think
[11:54] {Threei}  market is moving on hot emotions
[11:55] {Threei}  or, to give you a sneak preview of the upcoming course, quote (unedited):
[11:55] {Threei}  A winning trader accepts the market for what it is  a loosely structured highly liquid environment governed by numerous forces interacting in a principally non-computable way, where observable patterns obey the laws of human psychology and defy the false premises of stiff logic.
[11:56] {magoo} OY
[11:56] {Threei}  He enjoys the process of deciphering the way in which Tao manifests itself in the markets; he is enthralled by the elegance and ruthlessness of these manifestations.
[11:56] {RonS} VEY
06[11:56] * Threei slaps magoo around a bit with a large copy of Tao Te Ching
[11:57] {Les} you quoting Tao or Machiavelli?
[11:57] {Threei}  myself rather
[11:57] {Les} my RMBS loving friend wouldn't like you
[11:57] {Threei}  no
[11:57] {Les} doesn't fit into his calculating world
[11:58] {RonS} gee, turns out 3i is a poet, and i didn't know it...
[11:58] {Threei}  most people wouldn't
[11:58] {Threei}  which makes me happy
[11:58] {Threei}  I mean, what kind of crap would I be if most people liked me?
[11:58] {RonS} carp?
[11:59] {magoo} i like ya, especially when u pouring the vodka, glub glub
[12:00] {RonS} i knew there was a reason i like French Impressionism
[12:00] {magoo} sh GS here
[12:00] {magoo} stop high
[12:00] {magoo} .20
[12:00] {magoo} .20 short
[12:00] {magoo} that is
[12:03] {magoo} needs mkt to roll
[12:04] {RonS} bidu below the hunskie again...
[12:06] {RonS} wow euro near 1.394
[12:07] {magoo} X high
[12:09] {Threei} Short Setup: EQIX  .88 break
[12:09] {Threei}  small sharesa
[12:09] {Threei}  ugh... too late
[12:10] {Threei}  stop above 72
[12:10] {magoo} is this a trick or test??
[12:10] {Threei}  ?
[12:10] {strider} yes
[12:11] {magoo} tears of joy while i stayed away
[12:11] {Threei}  no go anyway
[12:12] {Les} might be dino play here. vwap is 76
[12:13] {Threei}  could be
[12:19] {Threei}  rinse EQIX
[12:19] {Threei}  narrow range day... a breather
[12:20] {Threei}  we are lucky to catch those early plays
[12:20] {davd} missed the gs short.  good call  magoo
[12:20] {Threei}  new low EQIX
[12:20] {Threei}  grrr
[12:20] {khaln} .
[12:22] {magoo} was thinking lower
[12:22] {magoo} gs
[12:22] {magoo} still in
[12:24] {jfjf64} EQIX
[12:24] {RonS} wow eqix...93 block trades...2.1 mil sh...talk about a dump
[12:24] {magoo} when does it bounce...sheesh
[12:24] {Les} crap. someone say falling knife?
[12:25] {RonS} falling knife
[12:25] {Les} someone more erudite?
[12:25] {Threei}  who still feels like playing this bottom-catching game based on "it can't possibly go any lower"... do watch EQIX today to get cured once and for all
[12:26] {Les} ty
[12:26] {Les} nothing personal Ron
[12:26] {RonS} i see support at 40...
[12:26] {Threei}  a whole lot of trding carreers ended prematurely thanks o this notion of "they are wrong dumping it, it's a good value, this news doesn't deserve such selloff"
[12:28] {magoo} GS
[12:28] {Threei}  ugh
[12:28] {Les} nice one mags
[12:28] {Threei}  RIMM .50 reak...
[12:28] {magoo} vad, when u gonna yell at me to get out??
[12:28] {Threei}  was later to alert
[12:28] {Threei}  out of where?
[12:29] {magoo} GS short
[12:29] {Threei}  oh.. sorry I missed you entry
[12:29] {Les} vwap and 200ma support around .40 mags
[12:29] {Threei}  but I am happy to oblige
[12:29] {Threei}  MAGOO, GET OUT!!!
[12:30] {jfjf64} rig
[12:30] {magoo} feel like i should be exitiong, dunno, like someones telling me
[12:30] {Threei}  lol
[12:31] {Threei}  if this is a range day, we are about to bounce
[12:33] {Les} rimm support .06
[12:33] {Les} 48 could be good for bounce
[12:38] {RonS} Mick Jagger
[12:38] {Les} dead?
[12:39] {RonS} "Hey you, stay off of my cloud!"
[12:40] {magoo} anyone still with me sh GS?
[12:40] {Les} looks like christmas has come shorting gs
[12:42] {RonS} mee has some killer strength today...
[12:44] {magoo} out
[12:44] {RonS} gj
06[12:44] * Threei slaps magoo around a bit with a large sigh of relief
[12:47] {RonS} ...guess there is lightening in those clouds:  http://tinyurl.com/2v2zu2s
[12:50] {magoo} took .30, + .90
[12:50] {Les} nice
[12:50] {RonS} cat tapping lod
[12:50] {magoo} no...u nice LOL'\
[12:52] {RonS} holy smokes, check the bullish engulfing candle stz
[12:53] {Les} ty Ron for eqix. traders got greedy hey... no wonder exits are full
[12:55] {davd} gs more down, cramer must have recommended it
[12:57] {Threei}  lol
[12:59] {RonS} ...oh great 3i...can you conjure a recollection how a small stock like eqix blew up and reminded those in the high flyers that the same fate could befall them?...nflx looks busted right now
[13:04] {kowboy} bidu
[13:05] {Threei}  Ron... could you pleae use shorter words? 3 stllables at most, 2 are preferrable
[13:05] {Threei}  I had to reread word "recollection" three times
[13:05] {RonS} after reading the prose from your book...ha!
[13:06] {Threei}  remember, I am a writer, not a reader
[13:06] {RonS} well, that takes the cake...
[13:06] {Threei}  :)
[13:06] {RonS} :D
[13:07] {Threei}  or, as an old Russian joke about word game participant went, "guessed all the letters right but couldn't read the word"
[13:16] {davd} people might be noticing an upturn in $USD
[13:16] {Les} CAT could be db around .50
[13:17] {ese} it's choir time........man .....that should be miller time........cya tomorrow
[13:18] {RonS} cya ese...babaloooo...
[13:18] {ese} cya ron
[13:20] {davd} dont see an upturn in vol on cat in last 10 mins les?
[13:30] {Les} don't have vol. davd.
[13:31] {jfjf64} rimm goonna die
[13:31] {Les} using freestockcharts.com. BATS only
[13:31] {davd} hmm, i'll check out.  thankx
[13:32] {Les} freestockcharts good for indicators, not for vol. but not able to trade at the moment
[13:35] {Les} X 44 long?
[13:36] {Threei}  worth a try
[13:40] {davd} in x .97
[13:41] {Les} eqix reversed
[13:44] {Threei}  Senate Balance of Power: Dems 48 GOP 48 Toss-Ups 4 -
[13:46] {davd} out x .9 stopped
[13:50] {Les} x in lockstep with market.
[14:02] {RonS} aapl bounce on vol
[14:03] {davd} vz and apple to sell together
[14:08] {RonS} geez davd...just figured your message but could not find it...vz news re aapl vad?
[14:09] {RonS} holy smokes look at the call vol vz
[14:09] {Threei}  Apple Inc CDMA iPhone sales expected by Q1 2011 - WSJ citing sources
[14:09] {Threei}  - Mass production expected by year's end.
[14:09] {Threei}  - Apple is also currenly developing a next generation iPhone.
[14:09] {Threei}  - REMINDER: Digitimes had a similar report on the timing of the CDMA iPhone, reporting on 8/9 that Apple to begin production of CDMA iPhone in Dec 2010, with Verizon expected to announce the product at CES 2011 and will start shipping in January 2011.
[14:10] {RonS} thx
[14:14] {Les} I wanna know. will the next gen iphone cook my breakfast?
[14:15] {larisa} and eat it too :)
[14:15] {davd} yes, it will warm a bagel
[14:17] {Threei}  I for one know exactly what feature I wait for iPhone to gain before I get interested
[14:18] {Les} I don't think they can distill vodka yet...
[14:18] {Threei}  nah, I am fine with dtore-bought one
[14:18] {Threei}  store
[14:24] {RonS} Apple making Verizon-ready iPhone by year end: WSJ       10/06 12:21 PM
[14:24] {RonS} The new iPhone will reportedly use a chip made by Qualcomm Inc.
[14:34] {davd} cramer sells keep selling equinix
[14:34] {davd} eqix
[14:41] {jfjf64} tivo
[14:42] {jfjf64} jbe  4 sure
[14:42] {jfjf64} lol
[14:43] {Threei}  TIVO Issues Statement on Decision by United States Patent and Trademark Office; confirms earlier chatter
[14:43] {Threei}  "We are pleased that the United States Patent and Trademark Office has reaffirmed the validity of all claims of the Time Warp Patent at issue in the second reexamination of the patent at the request of EchoStar. This decision by the PTO is final and not appealable by EchoStar. Today's decision further validates our IP and brings us closer to ending EchoStar's ongoing infringement. Moreover, we remain confident that the United States Court of Appeals for the Federal Circuit will uphold and enforce an injunction against EchoStar's ongoing willful infringement of the Time Warp Patent."
[14:46] {Threei}  lol... pure reflexes trade, scalped 9.90 - 10.04 not realizing what I was doing
[14:46] {RonS} tivo l .80
[14:46] {Threei}  beautiful entry
[14:47] {RonS} this is a game changer and establishes value in the co.
[14:48] {Threei}  now, that's inwesting talk
[14:49] {RonS} used to be in the sat entry...been watching Charlie's action since the '80's...worked DTV, and know TIVO execs...
[14:50] {RonS} industry
[14:50] {Threei}  just don't tell magoo you have this inWesting bloodline in you... he is known to hunt down aand shoot those
[14:51] {RonS} hehe
[14:51] {RonS} ...now TIVO can sell itself...
[14:52] {Threei}  still has to resolve that litigation
[14:52] {Threei}  and there is always another turn coming right after another twist
[14:52] {RonS} tru dat
[14:53] {jfjf64} m daily  chart
[14:53] {Threei}  will the buyers at 11.20 stand up
[14:53] {Threei}  I want to see the embodiment of stupidity
[14:53] {Les} I fess up
[14:56] {magoo} it will get there today right? it has too:)
[14:57] {Threei}  11:20 buyer looks at his P/L olumn thinking "did meteorite strike me?"
[14:58] {Les} or it is now in his/her "long-term" account
[14:59] {Threei}  not yet
[14:59] {Threei}  as of this moment he pis posting "TIVO HUGE NEWS, GET YOURS WHILE YOU CAN!!" all over the internet
[14:59] {Threei}  while hoping to sell at 11.21
[15:00] {Les} yeh look for him in yahoo finance message board
[15:00] {jfjf64} 3i   m .71
[15:00] {Threei}  nah
[15:01] {Threei}  not after this 30 cents run
[15:08] {magoo} vad, sell into bell?
[15:09] {Threei}  hmmm
[15:09] {Threei}  feels like sideways to me
[15:09] {Threei}  very nice TIVO bounce
[15:12] {magoo} EQIX feels like 65 today
[15:12] {RonS} out tivo .30 +.50
[15:14] {Threei}  wtg
[15:14] {RonS} ty  wanted .48...watch it go now...
[15:15] {RonS} murphy deal ya know...
[15:16] {RonS} ...once that case settles, DTV will buy this co, or DISH will beforehand
[15:17] {davd} nice tivo
[15:21] {Threei}  taking reasonable profits can't be bad decision
[15:22] {RonS} ya, plus this thing has always been a whip...
[15:23] {RonS} "better to be out wishin you were in, than in wishin you were out
[15:23] {Threei}  :)
[15:27] {RonS} ...that saying is so old the letter G has been invented...;)
[15:27] {RonS} had not been
[15:28] {Threei}  I know.. magoo invented it when he was middle aged
[15:29] {Threei}  still feels like sideways is most likely way to end, maybe wioth slight bounce
[15:29] {Threei}  selloff doesn't feel to be in cards
[15:29] {Les} yeh. outta here. c u's tomorrow
[15:29] {Threei}  take care Les
[15:30] {RonS} cya es
[15:30] {RonS} les
[15:31] {RonS} beav ran wild today
[15:33] {RonS} lvs looking real heavy...
[15:35] {RonS} amzn near lod
[15:45] {Threei}  bounce
[15:54] {davd} did you say bounce because no volume above spy 116?
[15:55] {Threei}  I can't really pinpoint it
[15:55] {Threei}  more of feeling than hard science
[15:56] {davd} by "bounce", however, you meant tempory surge upward that will be followed by selling
[15:57] {Threei}  don't know about followed... that's the next step
[15:57] {Threei}  just a bounce, as in uoward movements from lows
[15:58] {Threei}  may reverse, may stall
[15:58] {Threei}  not expecting it to go to new highs, or I would rather call it a rally
[15:59] {RonS} g'nite to you all...
[15:59] {Threei}  thak you
[16:00] {Threei}  thank too
[16:00] {Threei}  have a good evening, see you tomorrow
[16:00] {khaln} g nite

Tuesday, October 5, 2010

Oct 05 2010

Solid day with nice trades - no interesting chart though, cookie-cutter stuff.

Session Time: Tue Oct 05 00:00:00 2010
[08:36] {Threei}  AXP Morgan Stanley making positive comments; Names AXP a Positive Research Tactical Idea
[08:40] {magoo} sedarmoc kninrom
[08:40] {nemo} olleh
[08:40] {Threei}  oogam :)
[08:41] {magoo} awesome
[08:41] {magoo} this room is really bonding now
[08:42] {ese} morning
[08:42] {Threei}  ese :)
[08:42] {ese} morning
[08:42] {Threei}  ese :)
[08:43] {ese} vad....howd you all do yesterday....
[08:43] {magoo} ese:)
[08:43] {Threei}  beautifulk
[08:43] {ese} mags
[08:43] {Threei}  you don't look at outr trding logs?
[08:43] {ese} not yesterday......to busy a day and then had Italian classes last night
[08:43] {Threei}  http://tradinglog.realitytrader.com/2010/10/oct-04-2010.html
[08:44] {ese} my wife and i are taking italian lesson
[08:44] {ese} "s"
[08:44] {Threei}  just for sheer joy of it, or moving to Italy??
[08:44] {ese} for the sheer joy and to do another holiday there
[08:45] {Threei}  :)
[08:45] {ese} am gonna make a point of going to see les in switzerland this time
[08:45] {Les} NOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO
[08:45] {Threei}  that was very inviting
[08:45] {Les} :)
[08:45] {Threei}  lol
[08:46] {ese} lol
[08:46] {Threei}  (US) Banking analyst Meredith Whitney: Banks could have one more quarter of decent credit quality from the mortgage prospective, banks could have a good quarter from one-time gains - CNBC
[08:46] {Threei}  - Notes that her ratings on companies and sectors are "for the long term."
[08:46] {magoo} les throing a party, am i invited?
[08:47] {Les} I'm the last one in this room to throw a party...
[08:47] {Les} liking the quiet life
[08:48] {ese} i better not show up then
[08:49] {dino} gm all
[08:49] {ese} was thinking about bringing my drum kit and setting it up in his living room
[08:49] {ese} les on the alp horn and me on drums
[08:49] {ese} heck of a band there
[08:49] {Threei}  dino :)
[08:50] {ese} dino
[08:50] {dino} :D
[08:50] {Les} here I am in 2006 ese:http://www.youtube.com/watch?v=umKWSNNg2Dk
[08:52] {ese} are you serious?  is that you....if it is it's awsome
[08:53] {Les} lol sorry to disappoint you
[08:56] {davd} mornin!;)
[08:56] {ese} well here I am   http://www.youtube.com/watch?v=Qmf_C-gzYQc  and vad is in the audience taking pictures somewhere
[08:56] {Threei}  davd :)
[08:57] {Threei}  I remember that, ese :)
[08:57] {Les} ah yes enjoyed the lead singer immensely ese
[08:57] {ese} and vad is in the audience taking pictures somewhere
[08:57] {davd} cool!!
[08:58] {ese} i've changed my sun glasses since.......have Ray Ban Wayferrers now
[08:58] {Threei}  got quite a few keepers at that photoshoot
[08:58] {ese} yes
[08:58] {ese} have just sent some of them to someone and they are being used in my promo folder
[08:59] {magoo} news LFC vad?
[08:59] {Threei}  that'll be my high point as a photographer
[09:00] {Threei}  LFC Block of 1.01M shares trades at $59.42 (59.08, -1.12, -1.86%) (related BLOCKX )
[09:00] {Threei}  never mind that mags
[09:00] {Threei}  that's old
[09:00] {Threei}  don't see anything fresh
[09:00] {Les} you wanna come over for a Montreux Jazz festival ese?
[09:02] {ese} boy that would be fun again.....was there in 1978 and 1981 with the University of Regina Jazz Band
[09:03] {Les} music's still good. too much crap being marketed with the festival, but the music remains good
[09:03] {ese} the shows are not done in the casino like they used to be........there in the new Miles Daves center now.......
[09:03] {_panc} good morning all
[09:03] {ese} p
[09:04] {ese} welcome
[09:04] {_panc} thank you
[09:04] {Les} casino too, plus the Montreux palace in front of the lake. its a big festival
[09:04] {Les} hi panic
[09:04] {_panc} panc not panic :-)
[09:04] {Threei}  panc :)
[09:04] {Les} :)
[09:04] {Les} sorry mate
[09:04] {_panc} I think I'll change my nick soon :-)
[09:05] {_panc} vad, how do you see MGM today? It could do what it did not do yesterday...
[09:05] {ese} I'm going to send them one of our promo folders from the Vic High band and see if the kides can get an invitation
[09:06] {davd} good idea panic.  :P
[09:06] {Threei}  very possible
[09:07] {Threei}  it's all in broader market hands
[09:07] {Threei}  these names (LVS, MGM) are very market-dependent
[09:07] {_panc} thanks
[09:08] {davd} Fast Money very bullish on LVS (of course, Cramer bought AXP... and we know what happend there)
[09:08] {Threei}  lol
[09:08] {Threei}  who cares davd... chart is your guidance
[09:08] {davd} ii
[09:08] {Threei}  as for the rest, let me quote:
[09:09] {Threei}  'Yeah, well, you know, that's just, like, your opinion, man.' The Dude
[09:10] {Les} oh you and your dude Vad...
[09:10] {ese} lol
[09:10] {Les} give me the strung up  character - the vietnam vet
[09:10] {Threei}  it's not "my dude"... it's THe Dude
[09:10] {ese} vad a dude
[09:10] {Threei}  MSFT CEO: Plans to launch a tablet computer running Windows by the Christmas holiday - Financial Post (23.91, 0.00, 0.00%)
[09:10] {Threei}  wow
[09:10] {Threei}  tablet competition heats up
[09:10] {Threei}  looking forward to picxk up one in a year at $100 :)
[09:11] {ese} ok.......i know and have met the man personally ..........but dude?  hard for me to picture
[09:11] {Threei}  - Ballmer did not say whether the palm-sized slates would actually be on sale in time for Christmas, nor did he say who would make them.
[09:11] {davd} actually, an iphone and a magnifying glass is $19.99
[09:11] {magoo} dude looks like a lady
[09:11] {Threei}  palm-sized slates?
[09:11] {Threei}  lol davd
[09:11] {ese} lol
[09:12] {davd} i'll be here all week
[09:12] {magoo} great he he
[09:12] {Threei}  - At the 2010 Consumer Electronics show in January, Ballmer unveiled a Hewlett-Packard tablet computer running Windows. Little has been heard about the device since HP agreed to buy smartphone maker Palm in April
[09:12] {Threei}  (US) US Investor Warren Buffett: Believes US govt is following policies that could lead to inflation - Fortune business conference (related SPY XLF EUR/USD INFLX )
[09:13] {Threei}  no really Warren?
[09:13] {Threei}  it just can't be.. can it?
[09:13] {Threei}  they'd never do that
[09:13] {Les} lol call me slow, but funny davd
[09:15] {Threei}  (EU) France Interior min: France and the euro region face real terrorist threat
[09:16] {Les} yeh yeh
[09:16] {Les} terrorists name is Sarkozy
[09:16] {Threei}  lol
[09:17] {RonS} hi y'al...euro above 1.38
[09:17] {RonS} all
[09:17] {davd} wow re euro, give back yesterday and more
[09:18] {Threei}  Ron :)
[09:20] {ese} ron
[09:20] {larisa} gm :)
[09:21] {ese} laris
[09:21] {Threei}  larisa :)
[09:21] {larisa} ese, vad :)
[09:21] {ese} wha cha been up too.......you've been away for a bit
[09:22] {ese} you were probably back yesterday and i missed yesterday
[09:22] {larisa} was on vacation :)
[09:22] {magoo} lar:)
[09:22] {ese} nice
[09:23] {ese} at les's place in switzerland?
[09:23] {larisa} magoo :)
[09:23] {larisa} no, i have me own places:)
[09:23] {Les} what is it with my place and holidays?
[09:23] {Les} Canada not good enough for you guys?
[09:23] {ese} he won't let me come and set up my drumes in his living room
[09:24] {Les} would like to be coming over your way right. reckon it must be as pretty as swiss alps right now
[09:24] {davd} Canada's good enough for me.  do you have a manorah?
[09:25] {Les} ?
[09:25] {jfjf64} mornin
[09:25] {Threei}  jf :)
[09:25] {ese} dino....it's gonna be another one of those big up days to start.....won't be able to get in on anything
[09:25] {ese} jf
[09:26] {jfjf64} ese
[09:26] {dino} hmmm
[09:29] {dino} lately es, open gap ups are getting filled
[09:30] {ese} have noticed that.....
[09:30] {ese} am expecting the same today
[09:31] {ese} L fitb .04
[09:32] {ese} fast
[09:32] {Les} SPY resistance is here
[09:32] {Threei} Short Setup: LVS  .95 break
[09:32] {ese} out 1/2 .12
[09:32] {ese} +.08
[09:33] {ese} balance break even
[09:33] {Threei}  half lot, if gives second chacne
[09:34] {Threei}  1:1... no second chance
[09:35] {Threei}  if bounces into original trigger don't enter
[09:35] {Threei}  let's wait
[09:36] {Threei} Short Setup: VMED  .70 break half lot
[09:36] {Threei}  invalidated
[09:38] {Threei} Short Setup: FMCN  .95 break
[09:38] {magoo} AXP dive
[09:38] {Threei}  if stays under 25
[09:38] {magoo} in
[09:39] {magoo} AXP clubbed
[09:40] {Threei}  LVS was worth a second entry
[09:40] {Threei}  FMCN 1:2
[09:40] {magoo} took it
[09:40] {Threei}  feel free to rtake scalp
[09:40] {magoo} out .67 waited there
[09:40] {ese} out fitb balance .14 +.10
[09:40] {magoo} cramers call AXP sheesh
[09:40] {Threei}  lol
[09:41] {magoo} 2-3 dollars in whole in 1 day
[09:41] {ese} that is funny....nice tank
[09:42] {ese} anyone watching cat
[09:42] {Threei}  it's on a radar ese
[09:42] {Threei}  just want it to work out first morning volatility
[09:42] {Threei}  can be murderous
[09:42] {ese} ya
[09:43] {Threei}  LVS
[09:43] {dino} too fast meli stop to .01
[09:43] {Threei}  if goes above .90 and stays under 37, becomes a shirt candidate on .90 recross again
[09:43] {dino} out +.51
[09:43] {Threei}  wtg dino
[09:43] {magoo} out .77 fmcn
[09:43] {magoo} ty
[09:43] {Threei}  welcome mags
[09:44] {Threei} Short Setup: CAT  .40 brteak haklf lot
[09:44] {ese} nice one mags
[09:45] {Threei}  invalidated, but watching for another trigger
[09:45] {Threei}  LVS dropped right from .90... hasn't met entry criteria exactly
[09:45] {Threei}  double bottom play now maybe
[09:45] {Threei}  jumped... leave it alone
[09:46] {magoo} bidu nuts
[09:46] {magoo} short scalp somewhere
[09:47] {magoo} freakin bidu
[09:47] {Threei}  CAT setup is reestablished
[09:47] {magoo} tried it yesterday, no go
[09:47] {Threei}  .40 break shirt half lot
[09:47] {Threei}  short too
[09:49] {Threei}  not a scalp to me
[09:50] {Threei}  should guve more if market helps any
[09:51] {Threei}  cover half here
[09:52] {Threei}  stop to .46 for the balance
[09:52] {ese} L coh 1/2  .49
[09:54] {Threei}  die CAT
[09:55] {Threei} Long Setup:  RIMM  .55 break if stays above .40
[09:55] {Threei}  half lot
[09:56] {RonS} service ism in 5
[09:58] {Threei}  CAT should dive under .20 now
[09:58] {Threei}  feel free to cover
[09:58] {Threei}  1:2
[09:58] {ese} out coh .37 -.13
[09:59] {Threei}  feel free to take RIMM scalp ahead of numbers
[09:59] {Threei}  or halve it
[09:59] {Threei}  just to diminish risk
[10:00] {Threei}  if haven't exited CAT, stop to b/e
[10:00] {Threei}  RIMM 1:1
[10:00] {Threei}  *(US) SEPT ISM NON-MANUFACTURING COMPOSITIVE: 53.2 V 52.0E
[10:01] {Threei}  lol, maniac-depressive market
[10:02] {magoo} out rimm .81 ty
[10:03] {Threei}  :)
[10:04] {Threei}  remember last week I said, any setback in the market is a bear trap to me?
[10:04] {Threei}  luring shorts in, to kill them with another rally
[10:04] {Threei}  this is what we are witnessing
[10:10] {Threei}  said on Sept 30:
[10:10] {Threei}  [15:35] {Threei} It's so exceedingly obvious that we must drop from here
[10:10] {Threei}  [15:36] {Threei} that I strongly suspect it won't happen
[10:10] {Threei}  [15:36] {Threei} I mean it will but not before we make one more murderous run-up
[10:10] {Threei}  [15:37] {Threei} my working assumption:
[10:10] {Threei}  [15:37] {Threei} any retreat we have during this or next week is a trap,
[10:10] {Threei}  [15:37] {Threei} shorts get lured in for slaughter
[10:10] {Threei}  [15:37] {Threei} then sharp rally will eliminate them, and only then we will drop
[10:11] {dino} edu
[10:11] {magoo} bidu took 100
[10:11] {Les} so you think "they" are reading this blog archive?
[10:12] {magoo} maybe "they" are really "us"...u ever think of that
[10:12] {Threei}  "they" haven't ever heard of my existence {G}
[10:12] {Threei}  which btw is why I am able to nail these things with high accuracy
[10:13] {ese} am back
[10:13] {ese} L cat .64
[10:14] {ese} 3/4
[10:14] {Threei} Short Setup: RIMM  .80 break
[10:14] {Threei}  half lot
[10:14] {magoo} vad, look AXP
[10:15] {Threei}  gosh...
[10:15] {magoo} relenrtless
[10:15] {Threei}  I feel for those who got cramerized on it
[10:15] {davd} cramer bought about 5 pts ago!  or said so axp
[10:15] {magoo} hes tellin double down now (probably)
[10:16] {dino} 37.17 support
[10:17] {Threei}  on the other hand... with his track record, anyone who still follows him probably deserves to be slaughtered like this
[10:17] {davd} heh, 3i.  that hurts
[10:17] {Threei}  sorry
[10:17] {Threei}  but hey, out of two entities who can hurt you,
[10:18] {Threei}  me and market,
[10:18] {Threei}  who would you chose?
[10:18] {davd} :( i don't actually follow, did go on amer express....
[10:18] {Threei}  I do it with words... market does it with hit in the wallet
[10:18] {davd} you!!
[10:18] {Threei}  and I care,
[10:18] {Threei}  which is why I say hurtful things,
[10:19] {dino} sure you do
[10:19] {Threei}  market doesn't - it takes any penny you can offer it and comes back for more
[10:19] {ese} out cat even .64 .00
[10:20] {davd} true.  and your margin too.
[10:21] {Threei}  RIMM 1:1
[10:21] {Threei}  stop to .85 for the balance
[10:21] {Threei}  to .81
[10:22] {davd} gone for a bit.  watch the dollar
[10:23] {Threei}  whose?
[10:23] {Threei}  I prefer to watch magoo's dollar
[10:23] {jfjf64} brcm  3i
[10:23] {jfjf64} short
[10:23] {Threei}  36 break?
[10:23] {jfjf64} ya like
[10:24] {jfjf64} y
[10:24] {Threei}  if stays under .10
[10:24] {jfjf64} y
[10:24] {Threei}  yup
[10:24] {jfjf64} n
[10:24] {Threei}  not anymore
[10:24] {jfjf64} lol
[10:24] {nemo} vwap is .97 and rising and it's been staying above that all day
[10:26] {jfjf64} nemo
[10:26] {jfjf64} whats up
[10:26] {nemo} ssdd
[10:26] {RonS} nemo, ya trading again?
[10:26] {nemo} nope
[10:27] {RonS} nuts...
[10:27] {nemo} do you mean I'm nuts or that sucks
[10:27] {RonS} bad for all of us...
[10:27] {nemo} both?
[10:28] {RonS} your input is always good but better when you are trading...imo...
[10:29] {dino} skin in the game factor
[10:30] {nemo} well, you get more input when I'm in the game
[10:30] {dino} yes
[10:30] {nemo} plus my non-pc, personally insensitive sense of humor
[10:31] {jfjf64} look  brcm
[10:32] {RonS} sheesh forgot about mos...
[10:32] {nemo} right at resistance
[10:34] {Threei} Short Setup: LVS  .73
[10:34] {Threei}  if stays under .80
[10:35] {RonS} just saw a headline that said the market is higher due to the BOJ cutting rates. what? are they paying people now to take money?
[10:35] {nemo} ron, mos breaks through could run some more
[10:37] {Threei}  no go LVS
[10:37] {dino} zero rate japan plus stimulus
[10:39] {RonS} axp establishing a floor...or another short break point...
[10:40] {nemo} floor back to test of .85 probably
[10:41] {nemo} vwap currently .99
[10:43] {Threei}  Market Internals update at 10:30ET
[10:43] {Threei}  - NYSE volume 256M shares, about 18% above its three-month average; advancers lead decliners by 4.5:1.
[10:43] {Threei}  - NASDAQ volume 532M shares, about 16% above its three-month average; advancers lead decliners by 4.3:1.
[10:43] {Threei}  - VIX index -5.3% at 22.29
[10:43] {ese} can certainly see nemos point...trading atmosphere for the last 5 months has been tough
[10:44] {nemo} clf might be dtop
[10:45] {magoo} WYNN xploding up here
[10:47] {Threei} Long Setup:  AXP  .70 brak
[10:47] {Threei}  half lot
[10:47] {nemo} I can't see volume but clf likely a two way here
[10:48] {Threei}  two ways to play it
[10:48] {Threei}  either keep stop under .60
[10:48] {Threei}  or put it under .50 and let it work
[10:48] {Threei}  for 50 -80 cents run
[10:48] {Threei}  personal choice really
[10:49] {nemo} RIMM basing
[10:49] {Threei}  (EU) ECB remains divided on when to remove stimulus measures; some members in favor of tightening collateral regulations - unconfirmed report
[10:49] {magoo} ill try option 2 please
[10:49] {Threei}  scalpers have 1:1
[10:50] {Threei}  - ECB considering moving back to a variable rate with 1 and 3 month operations
[10:50] {Threei}  - ECB remains cautious on economy and peripherals
[10:52] {Threei}  day traders got 1:1 sans 1 cent
[11:00] {dino} qqqq s .50 stop .57
[11:05] {Les} possible db TBT
[11:05] {Les} TLT sorry
[11:08] {khaln} ..
[11:10] {Threei}  AXP heating up
[11:19] {RonS} ...if the .spx goes north of 1157 early, this could turn murderous for the shorts...
[11:21] {dino} bg
[11:22] {Threei}  BG Ticks lower on more chatter of issues with tax authorities in Argentina (56.70, -0.93, -1.61%)
[11:28] {kowboy} ty vad scalped bg +.66
[11:29] {kowboy} ty dino
[11:29] {strider} MGM
[11:29] {Threei}  :)
[11:29] {dino} np
[11:29] {RonS} ty dino scalped bg .46
[11:29] {dino} qqqq to flat bstop
[11:29] {Threei}  MGM looks like going for that 12 eh
[11:30] {dino} jazz
[11:30] {Threei}  (US) Harvard Economist Feldstein: Would be a mistake for the US to raise any taxes at the moment - interview
[11:30] {Threei}  - highlights sees a risk that housing prics could decline further
[11:30] {Threei}  - Expecting China to allow Yuan appreciation over the coming few years
[11:30] {Threei}  no news JAZZ yet
[11:32] {dino} cov qqqq
[11:35] {Threei}  JAZZ Weakness attributed to chatter that a generic drug firm has filed a paragraph IV filing for a version of Jazz's Xyrem (9.82, -0.69, -6.57%)
[11:37] {Les} TLT selloff
[11:39] {dino} jazz l .90
[11:41] {Les} smell that bear meat
[11:41] {Threei}  totally
[11:59] {dino} jazz to .02
[12:00] {dino} to .06
[12:00] {dino} out +.14 ave
[12:01] {dino} brb
[12:01] {RonS} ...been ignoring this pomo talk...turns out it means Permanent Open Market Operations of the NY Fed
[12:02] {RonS} anyway, here is the schedule of when they are operating:  http://tinyurl.com/2wpacf6
[12:03] {RonS} after tomorrow the Fed will not be back in the market until 10/13 or 14...bears next hope i guess...
[12:04] {kowboy} lps
[12:09] {Threei}  timely exit dino
[12:09] {magoo} i have to take son to docs, get castr off today, so im out, ty...see u tomorrow
[12:11] {Threei}  take care mags
[12:22] {dino} ty 3i simple trail
[12:22] {Threei}  Hedge Fund Manager George Soros: Euro is here to stay but yet too early to declare victory; Europe pushing a 'deflation spiral' through implementation of fiscal discipline (related EUR/USD USD/JPY EUR/GBP EUR/JPY )
[12:23] {Threei}  I start countdown
[12:23] {Threei}  9 more reassurances abouyt Euro here to stay, and death spiral starts
[12:23] {dino} as soon as ireland or greece figure out that if they had their old currency they could inflate away.....
[12:24] {Threei}  I am sure they did already
[12:24] {dino} that is why i think euro is doomed
[12:24] {Threei}  they just need to find the poractical way to do it
[12:25] {Threei}  I have no doubt Euro is not a viable currency
[12:25] {Threei}  they can keep it on life support for a while, and they sure will try hard
[12:25] {Threei}  but sooner or later nature will get its way
[12:27] {Threei}  Ron
[12:28] {Threei}  take heart and look at your TV screen
[12:32] {RonS} fox news poll showing angle up 3 v reid?
[12:32] {Threei}  (US) Fed's Evans requesting "much more" easing on the part of the Fed; he might support pushing inflation above 2% for some period of time - WSJ
[12:32] {Threei}  - Forecasting inflation at 1% in 2012, and under 1.5% in 2013
[12:32] {Threei}  - Reminder: On Friday Evans commented that unconvential tools are the best option; concerned could be in a liquidity trap; US companies have a cautious outlook, risk aversion could stifle a meaningful recovery, it is currently desirable to ease monetary policy further which could increase aggregate demand
[12:32] {Threei}  I actually meant our favorite TV anchor
[12:32] {Threei}  but I like your news
[12:36] {dino} clgx drop
[12:41] {ese} l holx .20
[12:43] {Les} tlt and spy rising together
[12:48] {Threei}  (US) PIMCO's Rodosky: Best days in treasuries are most likely behind US; have stopped purchasing treasuries since July
[12:49] {RonS} ,,,prefaced comments w/:  "so let's talk my book"
[12:51] {Threei}  hehe
[12:55] {dino} asps drop
[12:59] {dino} buffet said pretty much same today too, crazy to be adding bonds
[12:59] {nemo} spy looks reay to break
[13:00] {Les} does it qualify as c&h?
[13:00] {Threei}  more or less
[13:02] {jfjf64} bounce  tza  3i
[13:02] {Threei}  51/49
[13:03] {dino} asps sm l .50
[13:05] {RonS} bear quote of the day"  "seeing  this 2% liftoff is like watching your girlfriend dance with some tool from the luxury of a full body cast".
[13:05] {Threei}  "while the back is itching like crazy"
[13:18] {dino} clgx l .05
[13:29] {ese} gotta go all....will be in or out of holx by the end of the day
[13:29] {dino} cya
[13:29] {RonS} cya ese
[13:29] {Threei}  take care ese
[13:38] {jfjf64} weierd day
[13:44] {Threei}  good old "jump and stall"
[13:44] {Threei}  this is far from over for bears, I am afraid
[13:44] {jfjf64} say the least
[13:45] {jfjf64} think
[13:45] {jfjf64} axp
[13:45] {Threei}  it's the sasme pattern that was skewering them for a year
[13:46] {Threei}  AXP, dunno who had patience for that, but it hit tragets outlined at the time of the call
[14:05] {dino} clgx stuck stop to b/e
[14:09] {kowboy} pru ss 54?
[14:09] {Threei}  I would prefer one more bounce,
[14:09] {Threei}  to establish better resistance
[14:10] {Threei}  then breakdown
[14:10] {kowboy} ty
[14:11] {Threei}  as it is, stop would have been .15
[14:15] {dino} clgx stopped flat
[14:15] {Threei}  nice drop
[14:15] {Threei}  good spot kowboy
[14:15] {kowboy} ty but not in
[14:16] {Les} yeh the short worked well. I remember getting screwed many a time in summer snap backs on such trades
[14:16] {Threei}  doesn't really matter at this point
[14:16] {Threei}  learning to spot them first
[14:16] {Threei}  execution comes later, with more confidence
[14:17] {Threei}  educational process has its sequence
[14:20] {Threei}  JAZZ Responds to reports over Paragraph IV ANDA Filing for Xyrem
[14:20] {Threei}  - Website of the US FDA indicates that an Abbreviated New Drug Application (ANDA) for a generic version of Xyrem(sodium oxybate oral solution) 500 mg/ml was submitted on July 8, 2010. Jazz Pharmaceuticals has not received a Paragraph IV certification with respect to this filing.
[14:27] {dino} dm l .75
[14:30] {dino} stopped
[14:31] {Les} Vad looking at GDX .50 b/d, but wondering about aggressive entry?
[14:31] {Les} s .60/.55?
[14:31] {Les} if market plays ball
[14:32] {Threei}  .60 break, could be
[14:32] {Threei}  market doesn't look like rolling over though
[14:32] {Les} y
[14:32] {davd} in dm .67
[14:33] {Threei}  BA Jim Cramer making positive comments on CNBC; a 'big 2011 story' (68.83, +2.50, 3.77%) (related EAD.FR )
[14:33] {Threei}  hmmm
06[14:33] * Threei puts BA on watch for short
[14:34] {dino} lol
[14:34] {Threei} Short Setup: BA  .75 break if stays under .85
[14:34] {Threei}  half lot
[14:34] {RonS} lol
[14:34] {Threei}  invalidated but not off radar
[14:36] {Threei} Short Setup: BA  .80 break if stays under .90
[14:36] {Threei}  half lot still
[14:40] {Threei}  1:1
[14:41] {Les} bouncing off 20 ma. let's see if it can nosedive
[14:41] {Threei}  in any case, thanks to guru for trading idea
[14:42] {Les} lol I didn't see the source
[14:43] {davd} stop on dm dino?
[14:45] {dino} already stopped see above
[14:46] {davd} woops
[14:51] {Les} still watching gdx.
[14:52] {Les} here it comes. too fast into trigger.
[14:53] {Les} .50 b/d following bounce?
[14:54] {Threei}  can't tell really
[14:54] {Threei} Short Setup: BA  .80 break if stays under .90
[14:55] {Threei}  same setup, and if triggers this tiome will be "not a scalp" category
[14:58] {Threei}  SEC's Schapiro: regulator looking closely at high frequency trading; waiting upon a report from an advisory panel - TV interview (related XLF )
[14:58] {Threei}  yup
[14:58] {Threei}  that's where to root of evil is
[14:58] {Threei}  f **inkg imbeciles
[15:01] {Les} don't fight the mob vad
[15:01] {Threei}  I don't
[15:01] {Threei}  I just call thej what they are
[15:01] {Les} fair enough
[15:05] {Threei}  http://blog.realitytrader.com/2010/07/culprits-and-scapegoats.html
[15:06] {khaln} ,
[15:08] {Threei}  let's see if we get cramerized lemmings jumping the ship
[15:08] {Threei}  rhe plane?
[15:10] {Les} lol I'd love to see a plug in for freestockcharts showing the lemmings jumping ship according to the trades
[15:10] {Threei}  lol
[15:11] {Les} physically falling off the chart hahahah
[15:11] {Threei}  a lot of mixed metaphors in that line
[15:11] {Threei}  but whatever
[15:12] {Threei}  market strengthens...
[15:13] {Threei}  GDX was nice short idea Les
[15:14] {Threei}  not spectacular but solid and never even went over b/e, nolt even speaking of jeopradizing stop
[15:16] {Les} yeh GLD's a cow but the miners are often more readable.
[15:16] {Threei}  no go BA
[15:26] {Les} yeh as you write in your article
[15:27] {Les} key to media and journalism today is
[15:27] {Les} provide impression of problem resolution
[15:27] {Les} key to politics as well i guess
[15:27] {Threei}  yeah
[15:28] {Les} people so easily impressed with Oprah style resolution "that's all we have time for folks, until next week and the new latest fad"
[15:29] {Les} GDX .50 being defended
[15:30] {Les} damn Finviz green so bright, hurting my eyes:
[15:30] {Les} http://www.finviz.com/futures.ashx
[15:30] {Les} not used to all that green...
[15:36] {dino} ok, calling it a week, back on the 12th.
[15:37] {Les} ciao dino enjoy
[15:37] {Threei}  have fun dino
[15:37] {dino} thx, will do
[15:37] {RonS} ...take care dino...ddr is crying.  :s
[15:37] {dino} lol
[15:38] {davd} by dino, i'll miss you :(
[15:40] {davd} BA dropping again
[15:41] {davd} DM on the move dino
[15:43] {Threei}  rinse BA... oh well
[15:44] {Les} ah there goes GDX
[15:44] {davd} you contra-doubted cramer 3i
[15:46] {Threei}  ummm
[15:46] {Threei}  I need my decoder ring :)
[15:54] {Threei}  lemmings are crowding the exit
[15:55] {Les} lets watch em fall off
[15:56] {Threei}  Market Internals update at 15:30ET
[15:56] {Threei}  - NYSE volume 830M shares, about 13% above its three-month average; advancers lead decliners by 4.5:1.
[15:56] {Threei}  - NASDAQ volume 1.75B shares, about 10% above its three-month average; advancers lead decliners by 4.3:1.
[15:56] {Threei}  - VIX index 7% at over 21.00
[15:58] {Les} c u's tomorrow
[15:58] {RonS} c use manana
[15:58] {Threei}  thank you all
[15:58] {jfjf64} ciao
[15:58] {kowboy} ty
[15:58] {Threei}  have a good evening
[15:59] {Threei}  see you tomorrow
[15:59] {nemo} hey read this:  http://www.boston.com/business/ticker/2010/10/no-interest_loa.html?p1=News_links
[15:59] {nemo} They're giving loans to unemployed homeowners
[16:00] {Threei}  nice
[16:00] {Threei}  I am unemployed
[16:00] {Threei}  cam I have one of those?
[16:00] {nemo} oy vay  we're screwed