Nov 03 2010

Nicely profitable day with few trades. No interesting charts though.

Session Time: Wed Nov 03 00:00:00 2010
[08:03] morn
[08:22] wynn peaked afterhrs at 114
[08:22] quite a pllbk
[08:22] open nuts
[08:39]  (US) Preview: Oct ADP Employment Change data due out at 8:15am ET (12:15 GMT)
[08:39]  - Consensus Expectation +20Ke v -39K prior
[08:40]  *(US) OCT ADP EMPLOYMENT CHANGE: +43K V +20KE
[08:40]  Prior revised higher from -39K to -2K
[08:40]  Components:
[08:40]  - Small businesses: +21K v -14K m/m (retouches May 2010 recent high)
[08:40]  - Medium businesses: +24K v -14K m/m
[08:40]  - Large businesses: -2K v -11K m/m
[08:40]  - Goods-producing sector: -34K v -45K m/m
[08:40]  - Service-providing sector: +77K v +6K m/m (retouches May 2010 high)
[08:55] good morning. I have a 2:15 with the FOMC release
[08:55] correct, gm
[08:55]  you are not any different from the rest of the worlsd in this regard
[08:56]  hmm... magoo found the shrter way to say that
[08:56] yeh that's cause I know how to waffle on
[08:57] when I grow up I want to be a master of action like Mags
[08:57]  unlike many past FOMCs, this one matters
[08:58] apologies if offence given to calling you an oldie yesterday magws
[08:58] you are on my list now
[08:58] good to see fellas here who know how to go find fresh food
[08:59] how is the deer population over where you are? and danger of them disappearing?
[08:59]  disappearing? lol
[08:59]  we are overrun by them
[09:00] did nancy pelosi lose election?
[09:00]  city council ponders lincensing a cull
[09:00] they adapt to changing environment, urbanisation etc?
[09:00]  I don't think she personally was on the ballot mags
[09:01]  but she is no longer speaker of the house
[09:01]  Boehner is
[09:01] boner?
[09:01] what sort of name is that?
[09:01] german
[09:01] just gets funnier and funnier
[09:01]  and senate rdems etained just 51 seats
[09:02] yeh thank you sherlock. Been in Germanic speaking country long enough to realise that
[09:02] but, you are Les
[09:02]  I have next republican pres candidate pegged
[09:03] gm all
[09:03]  watch this guy: rubio
[09:04]  dino :)
[09:04] gm, fyi the entire House of Representatives is up for election every two year, incl Pelosi.  Boehner is pronounces bawner. ak, wa, co Senate races still undecided.
[09:05] no watch christie from nj vbad
[09:05] vad
[09:05] vad you got  AVNR read with last 2 days? bull flag, distribution?
[09:05] he reminds me of chainsaw al
[09:06]  if it were normal stock, I'd say pullback, preparing for a bounce
[09:06]  but it's a small bio
[09:06]  those often behave differently after strong run-up
[09:07] how?
[09:07]  manu of them just die for years
[09:07]  many
[09:07] ok
[09:08] news GRMN vad
[09:09]  GRMN Reports Q3 $0.70 ex items v $0.75e, R$692M v $730Me
[09:09]  - Guides FY10 $2.70-2.90 v $2.98e, R $2.65-2.75B v $2.9Be (prior $2.75-3.15, R$2.8-3.0B on 4th Aug)
[09:09]  - Guides FY10 Op margin 24-25% (prior 23-24% on 4th Aug)
[09:15] gm :)
[09:15]  larisa :)
[09:15] vad :)
[09:17] good morning.......
[09:18]  ese :)
[09:18] dude
[09:18] dude!!!!!1
[09:18] vad
[09:19]  VVUS Roth Capital Resumed VVUS with Buy, price target: $12
[09:19] whats new and exciting vad
[09:19]  hmmm
[09:19] <_flautero> Good morning all
[09:19]  flautero :)
[09:20]  not much ese.. I guess world becomes old
[09:20] elections haven't moved mrkt much
[09:20]  result was pretty much given
[09:20] seems like the mrkt semi approves of the result
[09:20]  today's FOMC will be a serious factor
[09:21]  whole runup during last months was factoring in republican win
[09:23] what do Republicans offer that market wants? gridlock, repeal of health care law... etc?
[09:24] nothing, people just not happy with dems :)
[09:24]  putting brakes on parts of jib-destructing agenda
[09:24] sure larisa, but market don't care if people happy with Dems
[09:25]  think of carbon tax for instance
[09:25]  of tax break extention
[09:26]  general business-unfriendly atmosphere
[09:26] g morning
[09:26]  khaln :)
[09:26]  biggest mystery for me is, how nevada sent reid back to senate
[09:27] Nevada big loser in this crisis isn't it?
[09:27]  nevada, of all places... hit the hardest
[09:27] right
[09:27]  and personalized by president as place not to do business with
[09:27]  shrug
[09:28]  today's most likely development:
[09:28]  brief activity in the morning,
[09:28]  stall till 2:15
[09:28]  hysteric reaction right after
[09:29] i must have missed something....why is nevada considered the biggest loser in the finace crisis
[09:29] finance
[09:29]  when dust settles, I expect USD to start sustained rally
[09:29] housing ese
[09:29] 14% unemployment, highest foreclosure rate in nation
[09:29] casinos took it hard as well. massive job losses
[09:30]  housing, 15% unemployment, a lot pf companies canceling conferences there with direct president discouragement
[09:30] hmmmmmm....didn't know that.......in Vegas i would imagine
[09:30] MORNIN
[09:30] stop shouting jf. its too early
[09:30]  jf :)
[09:30] did obama....say not to go there?
[09:30]  twice
[09:30] really........thats funny
[09:30]  mayor and governor refused to meet him when he visited
[09:31]  as a token of protest
[09:31]  not very funny if you live and work there
[09:31] RIMM read?
[09:31]  watching LVS and WYNN
[09:32]  in hope to find short for LVS based on WYNN
[09:32] it's funny because......why would you take him seriously on something like that......
[09:32]  because it was amessage of a witch hunt coming
[09:34]  LVS, one more spike over .80 and short on cross back down if stays under .90 would be operfect
[09:34]  nope
[09:34] s avnr .50 stop above .60
[09:34] Short Setup: RIMM  .90 break half lot
[09:34]  ugh
[09:34]  wait for second chance
[09:35]  here
[09:35]  same setup
[09:35]  if stays under .05
[09:37]  let's trail to above 56
[09:38]  no go
[09:40] Long Setup:  LVS  .40 break
[09:40]  stop under .30 scalpers .25 day traders
[09:40]  easy 1:1
[09:43] avnr covered +:09
[09:43] oh crap
[09:44] scalpers regret
[09:46]  anyone traded LVS?
[09:47] missed it
[09:47] missed it
[09:47] missed
[09:47] missedit
[09:47]  Voters Strongly Anticipate Health Care Repeal In the House
[09:48]  Election Night 2010: Most Voters Are Angry and Say No To Health Care Law
[09:48] <_flautero> missed it
[09:48]  Most Voters Like Tea Party, Tax Cuts and Reduced Government Spending
[09:48]  55% Of Todays Voters Say Views of Congressional Democrats are Extreme
[09:49] whoa, aig
[09:51] whoa aig
[09:53] thats a nice move for sure
[09:53] cup and handle thing daily chart
[09:55] spewing missed next AVNR b/d. stock is selling today
[09:55]  (US) Preview: Oct ISM Non-Maufacturing Composite Index due out at 10:00E
[09:55]  (US) Preview: Sept Factory Orders due out at 10:00ET
[09:55]  POT Indigenous Potash Group (IPG) raises $25B in efforts to rival the BHP bid for the company - Canada's Financial Post (145.66, +0.68, 0.47%) (related BHP )
[09:55]  watching TNA for pullback
[09:56] mro
[09:56] .70 break
[09:57] tight stop
[09:57] \
[09:57] mos
[09:57] wonder if the Saskatchewan Gov't will approve of that sale
[09:57]  they said no
[09:57]  but final word is feds
[09:58]  saskatchewan threatened to sue feds if they give green light
[09:58] under what grounds?
[09:58] it would take jobs out of Saskatchewan........would not be a smart move
[09:59]  right to strategic resource use
[09:59] yup
[09:59]  1 min till numbers
[10:00] then whats next.......oil reserves.....uranium..........tons of resourses in that province
[10:00]  want TNA under 55
[10:00] coal mines in estevan
[10:00]  at least
[10:00] yeh the buck don't stop at potash
[10:00]  *(US) OCT ISM NON-MANUFACTURING: 54.3 V 53.5E
[10:00]  *(US) SEPT FACTORY ORDER: 2.1% V 1.6%E
[10:01] damn was contemplating .04 bid
[10:03] Long Setup:  X  .40 break half lot
[10:03]  if stays above .30
[10:04]  OK, TNA, one more leg down
[10:04]  and I am interested
[10:04] in
[10:04]  ugh... jumped
[10:04] .41
[10:04] <_flautero> .42
[10:05] perfect
[10:05]  expected TNA to give .90 or so
[10:06] out 1/2 .46
[10:06]  +.05
[10:06]  lol, ese is not fooling around
[10:07]  1:1, half out for me
[10:07] not with the shs i had goin
[10:07] fcx DB or short?
[10:07]  I see
[10:07] out .48 ty
[10:07] <_flautero> out .54 tahsnk vad
[10:07] not sure if it was scalp or partial
[10:07] out .57 ty
[10:07]  :)
[10:07] out in full .56
[10:07] <_flautero> nice
[10:07] very   nice
[10:07] ty
[10:07]  personal choice Les, didn't have preference one way or another
[10:08] +.15 remainder ......tks vad
[10:08]  welcome guys
[10:08] k done
[10:08]  easy one, rare for X
[10:08] later  pls  go over  set up  
[10:08] ty
[10:08]  1:2
[10:08]  out
[10:09]  did you go over yesterday's catch of the day?
[10:09] what was X formation?
[10:10] nice.......that was a nice payday
[10:10]  not answering until I know everyone studied that
[10:10] tks vad
[10:10]  told ya, will be a test
[10:11] that was an easy one for X.......and it took the shs no problem without even flinching
[10:11] I am getting interested how you connect X call with yesterdays :)
[10:12]  easy
[10:12]  if I bother to write all that educational crap, take screenshots, place it online etc, I want at least know someone's paying attention
[10:13] yeh yeh I got it
[10:13]  TNA seriously got away
[10:15] i read it.......
[10:16] it talked about possibly shorting X at something like 44.95 or something like that
[10:16] yesterday was breakout setup invalidation if i remember correctly. You saw going back over .40 as breakdown setup invalidation? i am lost with big resistance at .50. To me todays call is catching pullback on uptrend :)
[10:16] but would wait for .50 break
[10:17] please explain :)
[10:17]  ummm?
[10:17]  there is no connection betweedn yesterday's and today's setups
[10:17] [10:11] I am getting interested how you connect X call with yesterdays :)
[10:17] [10:11] <&Threei>  easy
[10:18]  reasd the next line?
[10:18] ok, forget it :) 
[10:19]  (US) Treasury's Miller: If auctions sizes are reduced, will be done in a gradual manner (related TLT SHY IEF )
[10:19] tried shorting TNA no go
[10:19] must use tza
[10:19] and TZA ain't so hot to go long with
[10:19]  no, it's usually unavailable, with rare exceptions
[10:20] yeh i specifically wanted tna
[10:20] using your range bound play for lunch times
[10:20]  OK, second try YNA, want long near .55
[10:20] vad....don't know if i've ever asked this question but what do you use bollinger bands ....what do they give you in terms of prediction or an edge?
[10:21] TNA losing MA support here vad.
[10:21]  show where the stock is in temrs of violatility
[10:21]  when BBs tighten up, it signals sharp move coming
[10:22]  when widen too much, stall is near
[10:22] ya ...i get ya
[10:22]  useful in finding doiuble bottoms and tops
[10:22] whats the other ma you've got on your chart
[10:23]  20
[10:23] and is your BB setting 2 standard Dev with 20ma?
[10:23]  no
[10:23]  13 and 1.7
[10:23]  for intraday
[10:24] ahhhhhhh
[10:24]  daily is standard
[10:24] tks
[10:25] RIMM read vad?
[10:26] .50 b/d?
[10:26] .55?
[10:26]  not sure
[10:26] pivot support .50. maybe wait 
[10:27]  I don't know, .60 break for longf seems better play to me
[10:27]  but I am not delighted by either enough to play it
[10:31]  *DOE CRUDE: +1.95M V +1ME; GASOLINE: -2.69M V -500KE; DISTILLATE: -3.57M V -1ME; UTILIZATION: 81.8% V 83.9%E
[10:31]  - Distillate demand +42K bpd to 4.xxM bpd
[10:31]  - Gasoline demand -128K bpd at 9.xxM bpd
[10:32] wow USO
[10:34]  REE Ticking higher on reports that their property holds significant quantities of high value minerals (10.64, +0.37, 3.60%) (related REMX MCP )
[10:35]  (US) SEC has reportedly banned 'naked access' to markets
[10:35]  wow, really?
[10:35] guess I better put some clothes on...
[10:35] how will ese trade?
[10:35]  naked access is generally understood to be a subset of sponsored access where pre-trade filters or controls are not applied to orders before such orders are submitted to an exchange or ATS. The Commission notes that the proposed rule would effectively prohibit any access to trading on an exchange or ATS, whether sponsored or otherwise, where pre-trade controls are not applied.
[10:35]  5 Under Proposed Rule 15c35(a)(1), the term market access is defined as access to trading in securities on an exchange or ATS as a result of being a member or subscriber of the exchange or ATS, respectively
[10:35] ha ha
[10:36] 310.70  aapl
[10:37] i think that will be some stability to the mrkts......
[10:38] $ coming down after morning bounce
[10:39] wait a minute........would that raise comissions vad.......
[10:39]  who knows
[10:39]  but the notion that it would do anything good for the market... I don't believe so
[10:40]  why would it add stability?
[10:40] in  aapl
[10:40] short
[10:40] aaah got u now jf
[10:40] ??
[10:40] thought u made long call
[10:40] lol
[10:41] well for instance naked shorting........not having to own the shs....not having to go through that process......is in my l
[10:41] thought u were buying support end of range
[10:41] opinion a little unfair to say the least
[10:41]  it has niothing to do with naked shirting
[10:41]  shorting
[10:42]  read the explanation above
[10:42] ok.....maybe i've got this wrong
[10:42] ok so what pretrade controls are they talking about
[10:42]  and the whole thing with naked shorting is widely misunderstood as well
[10:43] ok......i mya have it wrong....wouldn't be the first time
[10:43]  how do you expect a market maker to make market if he is not allowed naked shorting, for instance
[10:43]  you will have a lot of situations with no one at the offer
[10:43]  nice on AAPL jf
[10:44] dieeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee
[10:44] hmmmmmm
[10:44] ok, so if market maker has no stock but must provide bids and offers they need to short naked?
[10:44]  of course
[10:44] out
[10:44]  wtg
[10:45]  here is more information:
[10:45] ty
[10:45]  From Jan 2010 from the SEC: Given the increased speed and automation of trading on securities exchanges and ATSs today, and the growing popularity of sponsored or direct market access arrangements where broker-dealers allow customers to trade in those markets electronically using the broker-dealers market participant identifiers, the Commission is concerned that the various financial and regulatory risks that arise in connection with such access may not be appropriately and effectively controlled by all broker-dealers.
[10:45]  The Commission believes it is critical that broker-dealers, which under the current regulatory structure are the only entities that may be members of exchanges and, as a practical matter, constitute the majority of subscribers to ATSs, appropriately control the risks associated with market access, so as not to jeopardize their own financial condition, that of other market participants, the integrity of trading on the securities markets, and the stability of the financial system.
[10:45] nothin  like  sittin  here  nakedd and  havind  short  play  in  aapl
[10:45]  lol
[10:45] lol
[10:46] lol
[10:46] ok ....so that will increase commisions because of the middleman thing
[10:47] and theoretically ....it should slow down trades
[10:47] full $ aapl
[10:47] grrrrrrrrrrrrrrrrrrrrrr
[10:47] nice jf
[10:47] ty
[10:48] got  out  too soon
[10:48] support for spy at .31 ese?
[10:48] my  biggest  problem
[10:48] hope somethin  in  tao  book  3i
[10:48] to  keep  me  in  trades
[10:48] i' make it .38
[10:49] ok
[10:50] from yesterday......though that could be weak
[10:51]  GM Reports Oct US vehicle sales +13% (core brands) (v -4% unadjusted est); to 183.4K units
[10:51] cause it was close to the end of the day.......intraday
[10:52] atni sm l .04
[10:52] you're right!
[10:52]  yes jf
[10:53] forgot RIMM. it keeps on dropping
[10:53] wow dino.......that one is sparse.......
[10:53] fcx offer .05
[10:57] lol
[10:57] in fcx .03 small
[10:58] nerves of steel buddy.....
[10:58] .17 point spread there at one point
[11:00]  (RU) Russia Foreign Minister Lavrov: not seeking advice from Japan on Kunashiri Islands
[11:00]  - Note: 10/31 (JP) Japan PM Kan: Russia president's visit to the disputed islands is "very regrettable"; Japan Foreign Min Maehara: Visit to disputed islands "hurts Japanese public sentiment"; Plans to summon the Russia ambassador to protest the visit by the Russia president.
[11:00] surprised Japan doesn't base the American forces on those islands
[11:01] that'd sort out the dispute
[11:01] American forces on Russian islands? :)
[11:02] u say they're russian lari
[11:02] nahhhh lets put Canadian forces there we got 1 tank i think.......aand a couple of soldiers
[11:02]  all two of them ese??
[11:02] lol
[11:02] might as well use salvation army then
[11:03] yup.....rotflol
[11:04]  GRMN Exec: Average selling prices pressured; to impact revenue going forward - conf call (30.52, -2.49, -7.54%)
[11:04] actually....now that i think of it
[11:05] the salavation army band has some very old cornets
[11:05] they make one heck of a racket
[11:05] that would do the trick
[11:05] Canada has been and is a stalwart military ally of the US: http://en.wikipedia.org/wiki/Canada%27s_role_in_the_Afghanistan_War 
[11:06] jll sm l .72 thin
[11:06]  actually Canada took the biggest burden in this war
[11:06]  but getting out now
[11:06] oh oh.....ig et the feeling ron is ex military and i'm in trouble
[11:06] why not?  Obama already surrendered...
[11:07]  decided to get out before he did,
[11:07] so is Australia. But they shouldn't be in Afghanistan or Iraq
[11:07]  main reason being other countires refusing to participate in combat
[11:07] and announced it to the enemy
[11:07] I use to be with the The Regina Police Boys Band when i was a kid.    Does that count
[11:07]  Japan needs new ideas I say, f.e. demand new York and Boston from US, to compensate for Hiroshima/Nagasaki 
[11:08] can i do something to help
[11:08]  I like that larisa
[11:08] so many things wrong w/ that name ese...
[11:08]  I could go to Boston instead of Tokio then
[11:08] in jll .7 small
[11:08]  shirter travel
[11:08] lol
[11:08]  shorter
[11:09] looking for RIMM reversal around .75
[11:09]  RIMM unending seling pressure...
[11:10] .75 support in multiple time frames. let's see if it can reverse off it
[11:10] with market help of course
[11:12] SPY support here
[11:12] Burton Cummings and The Guess Who(Canadian Band) had it right with there early 70's album and song "Share The Land"
[11:12] $ spiking 
[11:12] the planet needs to bloody well wake up
[11:12]  I think it's pretty much a given now,
[11:12] $ up u reckon
[11:12]  FOMC decision will be far from the massive QE@
[11:13]  IMO:
[11:13]  we are looking at the serious dollar rally,
[11:13]  and equities will pull back hard at first,
[11:13]  then reverse and rally WITH dollar
[11:13]  that's not anintraday scenario,
[11:13] ooh yeh look at USD/JPY
[11:13]  rathjer talking about weeks, possibly months
[11:13] http://www.finviz.com/forex_charts.ashx?t=USDJPY&tf=h1
[11:15] £ strengthens against Yen. Yen being thrown under bus
[11:15] damn RIMM just getting away from me.
[11:16] jll stopped -.30
[11:16] what is that symbol Les?
[11:19] Yen $ Ron not symbol. look in Finviz
[11:19] TNA bounce vad?
[11:19] £  ???
[11:19] pound sterling
[11:20]  tough call mags
[11:20] http://www.finviz.com/forex_charts.ashx?t=GBPJPY&tf=m5
[11:24]  well
[11:24]  .50 break
[11:24]  maybe
[11:26]  GLD daily looks horrible
[11:26] AAPL worse
[11:27] do you guys have a canadian dollar symbol?
[11:27]  loonie
[11:27] on your keyboard?
[11:28] fcx at pivot support
[11:30] TBT based out and beginning its accent
[11:30] assent?
[11:30] frig it its going up!
[11:30] ascend
[11:30] ascent
[11:30]  acsent and ascent are two more versions to consider
[11:31] no one looking at Vad dictionary
[11:31]  too bad
[11:31] mine is bad enough
[11:31] aapl
[11:31]  I put my soul in it
[11:31]  well... actually, now that I think of it... maybe that's why no one should even bother
[11:33]  watch LVS for pullback to .20 or just under, for double bottom entry
[11:37] news EOG vad?
[11:38] rimm 55?
[11:38]  EOG Reports Q3 $0.18 (adj) v $0.18e, R$1.58B v $1.4Be
[11:38]  EOG CitiGroup Cuts EOG to Hold from Buy, price target: $95
[11:38]  EOG CEO: No plans to increase volumes of natural gas given current prices, will sell approx $1B in assets in 2011 - conf call comments (97.74, 0.00, 0.00%) (related UNG )
[11:39]  can't tell les
[11:39] k
[11:39]  so far two morning calls were the only things where I felt confident
[11:39]  3
[11:40]  the rest of movements today happen in a shaky manner
[11:40]  with no clear indications
[11:40]  Boehner on TV
[11:41]  he needs a duct tape to keep the corners of his mouth down... gloating smile just creeps in
[11:41] ah I know that face
[11:42] let's see if he's still smiling in 2 years
[11:42]  why not
[11:42]  he holds all the cards, no lose situation for him
[11:42]  think about it:
[11:43] perhaps my time frame was a bit short
[11:43]  he designs a bill going against pres agenda and submits it
[11:43]  no mater who rejects it, senate or president, he looks like voice of people
[11:43]  and they look like out of touch
[11:43]  if they accept it, he is a winner
[11:43]  he defended the people
[11:43] I meant when American people say enough is enough
[11:44] to both these parties of clowns
[11:44]  as if they havce a better choice
[11:44]  how do you envision that "enouhg"?
[11:45] good question. When does the house of cards collapse?
[11:45] when bond investors say "enough is enough?"
[11:45]  that's much better question
[11:46] I meant when American people are put thru such pain
[11:46] they say "enough is enough"
[11:46] gotta find my boy at a party brb
[11:47]  half lot
[11:47]  if stays above .95
[11:48] half lot of what??
[11:48] lol
[11:48] Long Setup:  RIMM  .05 break
[11:48]  lol
[11:48]  mistyped script
[11:49] in
[11:49]  not a scalp for me
[11:49]  depends on market help but if any comes should do .30 - .40
[11:49] stop?
[11:49]  [11:47] if stays above .95
[11:49] in rimm .05
[11:49] sorry ty
[11:50] in .08 the boy can wait
[11:50] lol
[11:52]  GLD Hearing weakness in gold partially attributed chatter of a large seller in the Gold ETF ahead of the FOMC meeting
[11:52]  speculation is likley big name hedge fund
[11:52] yeh, JPM
[11:56]  RIMM got got a good robust feeling about it, much like X earlier
[11:56]  1:1
[11:57]  half out
[11:57] 20 is 1st MA resistance
[11:58] im thinking .44h
[11:58]  stop to under 55 for the balance
[11:59]  market is still very shakky, and likely to stay increasingly nervous into FOMC
[11:59]  so whetever you think, manage the trade
[11:59] out flat 2nd half brb 
[11:59]  rules are rules
[11:59] ty
[12:00] drop-pop-drop-POP into bell
[12:00]  nope... I say it's pop-drop-por-drop
[12:00] gonna squeeze the bears
[12:00]  yes but
[12:00]  gitta lure them in first
[12:01]  they got killed pretty good, theyh all but gave up,
[12:01]  practically admitted that market is going to rally
[12:01]  now market needs to draw them back in by pretending to reverse
[12:02]  dollar goes up, equities drop, bears see finally the light at the end of tunnel and jump in once again
[12:02] well my drop brings them in
[12:02] pop brings more
[12:02]  and light turns to be the train...
[12:02] drop more...then bear fry
[12:02]  that's my scenario for the next month or so
[12:03]  look how well RIMM holds while market drops
[12:03]  won't resist for too long probably
[12:04]  but robust feeling was therer for a reason
[12:08] out rimm even
[12:14] ...stepped outside. saw a stiking male blue jay. peak of health. kinda made my day.
[12:14] striking
[12:14]  oh OK
[12:14]  I was thinking, what's good about stinking male blue jay
[12:18]  (SZ) SNB's Jordan: More financial market crises cannot be ruled out; central banks should only help solvent banks in a liquidity crunch (related EUR/CHF USD/CHF )
[12:19] nice Ron. quickly looked it up. pretty bird
[12:19] organising some bird feeds this year for winter
[12:36]  RIMM 1:2
06[12:37] * Threei slaps magoo around a bit with a large roll of cash
[12:42] yaaaaaaawwwwwnnnnnn!!!!!!!!
[12:43]  1:3
[12:43]  while some yawning
[12:43] good one
[12:43]  11:49] depends on market help but if any comes should do .30 - .40
[12:43]  target hit
[12:44] u still in vad?
[12:44]  .35 out
[12:45] dino....how did you do with atni
[12:48] http://www.thesmokinggun.com/documents/bizarre/man-busted-waterboarding-girlfriend
[12:48] jeez I wonder where he learnt that?
[12:50] on TV...been in many plots...
[12:51] sarcasm Ron sarcasm...
[12:52] crazy society creating crazy citizens
[12:58]  got your .44 mags?
[12:58] why, u need to shoot someone
[13:01]  rofl
[13:01]  good one
[13:01] .44 mag here for griz bears
[13:02] govt. took my old mans .44 years ago
[13:02]  pres on TV
[13:02] oh good. thought it was for me...
[13:03] he he doesn't look too upset
[13:03] es, still in it. got booted
[13:03] hmmmmmm
[13:04] dollar moving dlown a little
[13:07]  that's not even a little
[13:07] now a little more than a little
[13:07]  lol
[13:07] wow
[13:08] was it something big O said?
[13:08] wow, actually tried to listen to The O.  Has to turn it off before I threw up.  What a bunch of soppy, soapy, platitudes.  This guy is treating us like mushrooms.
[13:08] ...keeping us in the dark and feeding us bullcrap...
[13:08] He must be thinking of Les
[13:08] wise words of wisdom from the twit
[13:09] easy nemo
[13:09] that was easy
[13:10] wow, that was a hell of a question!
[13:10]  yes
[13:11] what was the question?
[13:11]  do you think last night results were rejection of your agenda
[13:11] how  high  can  bobo  jump
[13:11]  and who speaks for american people, you or Boehner
[13:12]  rofl jf
[13:12] boner speaks for me, usually :D
[13:13]  wow
[13:13] you can't say that on television davd ;)
[13:14]  they are going for the throat
[13:14]  second question is even more pointed
[13:14] Chicago politics coming out hey...
[13:14] yes, she seemed a little angry
[13:14] bb king moment?
[13:14] "the thrill is gone"?
[13:15]  "you don't seem to regret any of policies, do voters have to conclude you are still not getting it?"
[13:15] wow
[13:15] wow
[13:15] dead on
[13:15] is he getting mAD YET?
[13:15]  did any president ever get such questions from press?
[13:15] wow the press said this?
[13:15]  yes
[13:15] nixon got it hard
[13:15] jeeeeeeeezuz
[13:16] from the press...
[13:16] wonder if the journalist was put up to the job
[13:17] ...uh, rahm....i have a messenger i want you to kill...
[13:17] where's the journalist from?
[13:18]  CBC I think
[13:18] Canada?
[13:18]  not 100% sure
[13:18] canadian braodcasting?
[13:19]  Fox news now
[13:19]  on repaling health care reform
[13:20] vad, no tv here
[13:20] is he mad?
[13:20]  not happy
[13:20] what channel vad?
[13:20]  doesn't prohect "mad"
[13:20]  CNN
[13:22] tlt new high
[13:22] for day
[13:26] blah blah blah that's enough
[13:26] now I remember why we don't have TV
[13:27] O:  thank you for listening...i'm off to india to meet with my swami...
[13:28]  he caught his stride in latest couple questions, started soundiong again smooth and seinfield-show-like
[13:29]  "about nothing"
[13:29] lol
[13:37]  Says one area of potential compromise with Republicans could be on a pared down energy bill, developings US natural gas resources [Note: CLNE has been leveraged to US natural gas policy comments in the past]
[13:45]  getting defensive
[13:46]  (US) Preview: FOMC rate decision due out around 14:15ET
[13:46]  - The centerpiece of today's FOMC announcement is the widely expected new quantitative easing program (QE2). Consensus view appears to be for an initial allotment of $500B, at a pace of about $80-100B per month, with the flexibility to boost the total package to $1.5-2T if necessary over time (Note: The Fed already buys about $30B in treasuries per month under its current program to reinvest maturing MBS holdings). Details of the plan may be sketchy in the initial FOMC policy statement, which tends to stick to broad strokes. The details will likely be laid out in a subsequent communication by the New York Fed. After the last two FOMC announcements on QE programs the NY Fed posted operational details on its website at 14:45ET.
[13:50]  read this:
[13:50]  - The implications of the decision are broad ranging. The Fed is essentially moving quantitative easing into the realm of routine monetary policy for the first time, taking extraordinary steps that will further inflate its balance sheet for reasons that are not extraordinary. It has been supposed that each $100B is equal to about a 10 bps cut in rates. This new largesse by the Fed could be taken by foreign governments as another volley in the 'currency war.' With the launch of QE2 the NY Fed may also need to relax the 35% ceiling on Fed holdings of individual Treasury securities, as the Fed has already hit the cap on 30 of 213 existing issues in its portfolio.
[13:53] what has this world come to? questioning Presidential and Fed policy?
[13:56] ...and the dems call conservatives nazis...
[13:57] getting close to fedup time ehhh
[13:58]  EU Minister to recommend 3 gases
[13:58]  hmmm
[13:58]  oh
[13:58]  (EU) EU Minister to recommend 3 gases be excluded from carbon offset purchases starting in 2013 - unconfirmed report
[13:58] beans rice and chilli's
[13:59] I was thinking heads of state
[13:59] hmmmmm tough crowd
[13:59]  I liked it ese
[14:00]  I just pretend to be serious
[14:00] .
[14:02] vad, u were drop-pop-drop into bell?
[14:02] gotta go....catch ya tomorrow
[14:02] i was drop-pop-drop=-pop
[14:02]  take care ese
[14:02] bye ese
[14:03] ciao ese
[14:03]  I am going to sit it out in any case, mags :)
[14:03]  I need to ponder that 3 gases issue
[14:05]  dollar drops again
[14:07] big sell off  
[14:07] imo
[14:07] but a squeeze would catch so many off guard jf
[14:11] we will seee
[14:11] but everyone expects sell the news reaction
[14:11] 4 mins
[14:11] so wont happen, too easy
[14:13]  EUR/USD Euro approaches former Sep uptrend line at 1.4070 ahead of FOMC
[14:13] 3 mins warning given to paid clients of the Fed?
[14:13] lvs acting like it wants 50
[14:14]  dollar spike
[14:14] fast drop
[14:14] is it out?
[14:15] dieeeeeeeeeeeeeeeeeeeee
[14:15] don't think out yet?
[14:15]  no
[14:15] allman brothers action..."tied to the whippin post".
[14:16]  Explosion flattens Boston house
[14:16]  nemo, don't play with fireworks
[14:16] because of QE2??
[14:16]  lol
[14:17]  feds late
[14:17]  wow dollar
[14:17]  *FOMC HOLDS FED FUNDS RATE TARGET AT 0.25% (AS EXPECTED); REITERATES RATE TO STAY LOW FOR EXTENDED PERIOD; (related SPY SHY EUR/USD TLT GLD XHB XLF )
[14:17] euro spike to 1.42
[14:17]  imbeciles
[14:18] $660 bil by end of Q2 '11
[14:18]  *FOMC HOLDS FED FUNDS RATE TARGET AT 0.25% (AS EXPECTED); ANNOUNCES $600B QE PROGRAM FOR LONG TERM TREASURIES BY Q2 2011; REITERATES RATE TO STAY LOW FOR EXTENDED PERIOD;
[14:18]  - Vote 8-1 (hoenig again dissents)
[14:18]  - Avg duration of 5-6 years duration; full range of treasuries
[14:18]  - The Committee will maintain its existing policy of reinvesting principal payments from its securities holdings. In addition, the Committee intends to purchase a further $600 billion of longer-term Treasury securities by the end of the second quarter of 2011, a pace of about $75 billion per month. The Committee will regularly review the pace of its securities purchases and the overall size of the asset-purchase program in light of incoming information and will adjust the program as needed to best foster maximum employment and price stability.
[14:18] 600
[14:20]  Hoenig believed the risks of additional securities purchases outweighed the benefits. Mr. Hoenig also was concerned that this continued high level of monetary accommodation increased the risks of future financial imbalances and, over time, would cause an increase in long-term inflation expectations that could destabilize the economy.
[14:20]  one smart fed
[14:23]  IMO... and very very reluctant
[14:23]  time to short gold
[14:23] setup please
[14:25] done
[14:25] short .39 covered .16
[14:25] ty
[14:26] crap here was target
[14:28] so, who played that volatility?
[14:28] me. AVNR. short .49 :)
[14:28]  lol
[14:29]  GLD is down a buck with change
[14:29] was hoping for momentum from FOMC but u r right. it has gone to sleep
[14:29]  dollar rallies, as foretold
[14:29]  by prophet from Canada
[14:30] no lets see broad based selloff into close
[14:30] now
[14:32]  wow
[14:32]  premier of BC steps down
[14:32] yes!
[14:32]  finally
[14:33] hmm bad guy?
[14:33] disconnected from the common taxpayer
[14:33]  bubble boy
[14:33] which politician isn't?
[14:34]  GLD is free for all
[14:34] you mean in "freefall"?
[14:34]  again, IMO, serious dollar rally is about to stat
[14:35] iag
[14:35] ?
[14:35] watchin
[14:37] it means GEEEEEEEEEET SOOOME Nemo!!
[14:38] comon3i  put  ya GOLD  hat ON
[14:39]  don't push me into this hysterical action
[14:39]  there is no way to keep risk controlled
[14:39] never
[14:40]  I don't care how great potential looks for starry-eyed beginners
[14:40] exacktly
[14:40] here that  les
[14:41] lol
[14:41] why here and not hear?
[14:41] :P
[14:42] ok vad, i'll interject with a nature news posting....cougar spotted 4 blocks from my house this morning
[14:42]  cool
[14:42]  with all these deer roaming
[14:42]  no wonder
[14:43] was she good looking?
[14:43] are you nuts Patience?
[14:43] ?
[14:43] you telegraphing to gun nuts here that there is animal to kill....
[14:44] Look Nemo's already in the Car
[14:44] les, there are 20 deer strolling down my road every day....
[14:44] the little ones taste better ;)
[14:44] the place is re-populating with wildlife
[14:44]  nemo returns back home, drags out and installs a machine-gun on his car
[14:44] lol
[14:44] nah, ruins too much meat
[14:45] semi-auto, M-14 with a drum clip
[14:48] dude:  http://www.urbandictionary.com/define.php?term=COUGALICIOUS
[14:48] d/t mgm
[14:48] GRMN
[14:50] rimm possible dt
[14:50] but dollar ain't exactly charging upwards here
[14:50] ...vix really dropped...-.76 to 20.79
[14:55] all $USD gains lost against major currencies
[14:55] MEE news vad?
[14:55]  MEE Reportedly US Labor Dept seeks to close Massey's Freedom No. 1 mine in Kentucy over safety issues (update)
[14:55]  Regulators filed a preliminary injunction seeking to shutter the mine until hazardous conditions are remedied.
[14:55]  - REMINDER: in April, 29 miners died in an explosion at Massey's Upper Big Branch mine in West Virginia
[14:59] so $600B was enough to get dollar kicked to the kurb...
[14:59] kerb
[15:00]  I doubt it
[15:00]  feels like trap to me
[15:00] unless currency traders playing like equity market
[15:00] like u suggest
[15:03] .
[15:06] http://www.finviz.com/futures_charts.ashx?t=ZB&p=h1
[15:13] vxx bounce
[15:15]  PRU Fitch raises rating to A- (24.18, -0.80, -3.20%)
[15:19] Long Setup:  UUP  .15 break
[15:19]  if stays abiove .10
[15:19]  target is about 1:2
[15:20]  maybe more but let's get that first
[15:21] look at those offers getting swallowed up
[15:22]  if this one is too slow for you, short GLD instead
[15:22]  a bit late though
[15:22] finally got on right side of GLD . s .48
[15:22]  cool
[15:23] in upp .17
[15:23] uup
[15:23]  you mean there was not enough shares at .16 to take?? :)
[15:23] loll
[15:24] i think it will spike and didn't want to miss - we'll see...
[15:24]  I understand... but why not take .16?
[15:24]  call was .15 break
[15:24]  so .16 is natural entry price
[15:25]  and it's so thick that there is no way you couldn't get a fill unless you want coluple million shares
[15:25] ii - my mistake
[15:26] covered gld +.41 
[15:26] very nice Les
[15:27] uncle buck hesitates
[15:27] ty patience
[15:30] slow torture
[15:30] no kidding
[15:30] lol
[15:30] got abannanna  slit  my  rist
[15:30] 1 cent in 29 minutes
[15:31] maybe 1:2 by nov 30th
[15:31] lol
[15:31] lol
[15:31] lol
[15:31] 3i  ya  killin  us
[15:31] of what year mags?
[15:32] way to take a risk there vad lol
[15:32]  hey, this is blistering speed for this thing
[15:32] i  asked  4  gold  hat
[15:32]  told ya, short GLD instead if you want faster
[15:32]  UUP up - GLD down
[15:33] 3.32
[15:33] out .16 ty
[15:34] ditto
[15:34] ty
[15:34] s gld .08 stop above .30
[15:34] you scalped uncle buck
[15:35]  see? every cent UUP gives you healthy GLD scalp
[15:36] as the little girl vampire says.... "I want more"
[15:37] out gld flat
[15:37] gotta ask if traders gonna move the buck today
[15:37] or leave us all hanging
[15:39]  asdk who?
[15:39] not you. I know your answer
[15:46] out UUP flat
[15:59]  thank you all
[15:59]  have a good evening
[15:59]  see you tomorrow
[15:59] how time flies. c ya's

Nov 02 2010

Very nice day with many active plays, starting with nice short on RIMM and ending with nice fat long on ASIA, with plenty inbetween.


Today's Catch of the Day is a good example of trader's adaptability to always changing market conditions. Take a look at the first chart. Our standard setup was to short X under two conditions: iIFit broke 44.95 and IF it held under 45 before doing so. X however broke 45 first, spiked to 45.10 invalidating our setup - and THEN proceeded down, showing what could have been a perfect trade. Not having our setup triggered we simply missed profit opportunity.

15 minutes later FCX formed the same setup - 97.90 short trigger, 98 resistance. Remembering how X acted we assumed that this was today's behavior and adjusted our strategy. Instead of missing another one, we waited for that invalidating spike and re-calibrated our setup accordingly - we shorted 98 breakdown AFTER the spike, with the same 10 cents stop. Chart below speaks for itself.

Session Time: Tue Nov 02 00:00:00 2010
[08:05] {magoo} gskljtsaljb
[08:25] {Threei}  Generic Ballot: Republicans 51% Democrats 39%
[08:26] {Threei}  unprecdented within 100 years I years
[08:26] {Threei}  wrong... 90
[08:26] {Threei}  since the 1920s
[08:39] {Les} Think more. Don't listen to Vad
[08:39] {Threei}  good luck with that
[08:41] {magoo} vad news MA?
[08:42] {Threei}  MA Reports Q3 $3.94 v $3.54e, R$1.43B v $1.4Be
[08:42] {Threei}  Gross dollar volume: +8.5% y/y (constant currency)
[08:42] {Threei}  - Worldwide Purchase volume: +7.9% y/y
[08:42] {Threei}  - Operating margin: 53.6% v 52.6% q/q
[08:42] {Threei}  - WorldWide debit growth: +7.8% y/y
[08:42] {Threei}  - Cross border volumes +15.4%
[08:42] {magoo} ty
[08:43] {magoo} news BPI
[08:43] {Threei}  BPI Reports Q3 $0.61 v $0.53e, R$190.9M v $185Me
[08:43] {magoo} and ARTG
[08:43] {Threei}  Guides FY10 $2.02-2.05 v $1.98e, R$700.3-702.8M v $692Me (prior $1.94-1.97, R$688.2-691.2M on 3rd Aug)
[08:43] {Threei}  - Guides FY10 total student enrollments 71,800-73,800 (prior 69-71K on 3rd Aug)
[08:43] {Threei}  - Guides 2010 bad debt as percentage of revenues 5.4% (prior at 5.1% on 3rd Aug)
[08:43] {Threei}  ARTG Reports Q3 $0.05 v $0.04e, R $50M v $48Me (4.10, 0.00, 0.00%)
[08:44] {Threei}  but it's useless to you because
[08:44] {Threei}  ARTG To be acquired by Oracle for $6.00/shr cash, valued at $1.0B
[08:44] {Threei}  (GR) Explosion reported at Russian embassy in Athens, Greece
[08:44] {magoo} ty
[08:44] {Threei}  sure
[08:45] {Threei}  MA success is well desrved btw
[08:45] {magoo} why
[08:46] {Threei}  their combination of no payment and loaded with generous rweards cards is way more att5ractive than Visa
[08:46] {Les} damn I'm sick of hearing of mega rewards for cards in US
[08:46] {Threei}  I for one totally moved my whole payment stream from Vuisa to Mastercad
[08:47] {Threei}  I use credit cards for convenience and rewards,. not for credit, killing balance in full, each month
[08:47] {Threei}  and for many years Visa was my main cards
[08:47] {Les} ditto, but no rewards in switzerland
[08:47] {Threei}  earlier this year switched 95% of payments to MA
[08:48] {Threei}  double vs V reward on most purchase, triple on food and fuel, and no annual payment
[08:49] {Threei}  I'd suspect I am not the only one noticing that and reacting
[08:49] {Les} V looking like a sympathy play. .80 break
[08:50] {Threei}  yes, if MA breaks
[08:50] {Les} k
[08:50] {Threei}  stock with news is a leader
[08:50] {Threei}  in sympathy plays
[08:50] {magoo} id rather play ma direct
[08:50] {Les} ooh I remember MA
[08:50] {Threei}  with 45 cents spread?
[08:50] {magoo} i just missed short 252 no kidding
[08:51] {magoo} stupid route was on edge
[08:51] {magoo} dont know why
[08:52] {Threei}  85 cents
[08:52] {Threei}  shrug
[08:53] {Threei}  you are violating first peinciple of trading
[08:54] {Les} wow the spread!
[08:54] {Les} $2
[08:54] {magoo} i have not done a thing and u r on me already :)
[08:54] {Threei}  you tried
[08:54] {Threei}  and I gnaw at your throat because I care {G}
[08:54] {magoo} it was a great short
[08:54] {Threei}  no it wasnt
[08:55] {Threei}  it was arbitrary entry that would have killed you if you were wrong
[08:55] {Threei}  you'd have started day deep in the hole
[08:55] {magoo} no pain straight down 3,
[08:55] {Threei}  tried to get revenege
[08:55] {Threei}  digging deeper yuet
[08:55] {magoo} well, up 12 and i was reading lev 2
[08:55] {Threei}  you are evaluating the play by the result?
[08:56] {Threei}  this is so wrong...
[08:56] {magoo} why i take u off ignore from yesterday :)
[08:57] {Threei}  I know it won't last, so I hurry to to say all I have before you put me back in {G}
[08:57] {magoo} its like college...kids pay extreme tuition but do not want to go to class or study....i pay monthly fee to vad and put him on ignore along with nemo he he
[08:58] {Threei}  well it just means that ingoring me is a pleasure worth paying gor in and of itself
[08:59] {Threei}  one thing frustrates me to no end:
[08:59] {Threei}  whole China, 1.2 billion people, ignorwes me for free
[08:59] {Threei}  I want to charge them 1 cent a year for the privilege
[09:00] {Threei}  but noooooo
[09:01] {Les} perhaps if you make your site look more official. Communist affiliation or something like that?
[09:01] {Threei}  I guess
[09:01] {Les} you should have chose to migrate to China
[09:02] {Threei}  and ever get to be ignored by magoo?
[09:02] {Les} emigrate
[09:02] {_flautero} good morning:)
[09:03] {magoo} u ever see that movie doc zhvivako
[09:03] {Threei}  flautero :)
[09:03] {magoo} spelling real bad i know
[09:03] {Threei}  I read the book
[09:03] {Threei}  can't remember if I saw the movie
[09:04] {magoo} theres a real good remake of original with the mistress being the girl friom pirates of the carribean
[09:04] {Les} I remember the original being long enough
[09:06] {Les} BP back in the black apparently
[09:06] {Les} q/q
[09:06] {Threei}  must be making white house mad as hell
[09:07] {RonS} hot chick finds romance, evil older perv wants in her pants, in the backdrop of russian history...total chick flick. 'nuff said
[09:07] {RonS} gm btw
[09:07] {Threei}  I mean this is the president who said that he would ioncrease capital tax EVEN if it led to decrease to goverment reciets
[09:07] {Threei}  ron :)
[09:08] {magoo} c'mon ron, alot of fighting and death despair
[09:08] {magoo} plus sex...what u want
[09:08] {RonS} like i said...russian history...
[09:09] {Threei}  and I still can't believe he actually called his ideological opponents "enemies"
[09:09] {dino} gm all
[09:09] {Threei}  dino :)
[09:09] {RonS} one of my fav movies...Enemy of the State...i luv Hackman...
[09:10] {magoo} total chick flick lol
[09:11] {dino} don't forget to vote today
[09:11] {RonS} ...again?...
[09:12] {RonS} Karl Rove: "I want to die in Texas. So I can continue to participate in politics."
[09:13] {RonS} :D
[09:16] {Threei}  larisa :)
[09:16] {larisa} gm :)
[09:16] {davd} gm all
[09:16] {Threei}  davd )
[09:17] {davd} hi larisa and threei
[09:17] {larisa} vad, davd :)
[09:17] {davd} gm dino and rons and magoo
[09:17] {kowboy} gm all
[09:18] {davd} kowboy
[09:18] {Threei}  kowboy :)
[09:19] {RonS} ORCL...the tech version of The Borg...
[09:20] {magoo} hey davd, kboy
[09:21] {RonS} GOOG sues the Dept of the Interior...those guys have cajones...
[09:21] {dino} enr, clx
[09:21] {RonS} shoo
[09:24] {magoo} vad MSTR
[09:24] {Threei}  MSTR Reports Q3 $0.63 v $1.73 y/y; Rev $114.5M v $104.0M y/y (90.53, -0.10, -0.11%) (related AAPL )
[09:25] {RonS} wynn reports ah...mpel kills it & this:  Macau gambling revenue hits record in October       11/01 04:23 AM
[09:25] {RonS} up 50%...
[09:25] {Threei}  Google Inc Google and Onix Networking are suing US Dept of Interior for shutting them out of bidding for hosting Govt information and applications in a secure domestic location - BusinessInsider
[09:25] {Threei}  - Major disputes between choosing MSFT or Goog came down to security standards as MSFT hosts information all over the world, in Feb announced they would have special domestic servers for the Govt.
[09:25] {Threei}  - GOOG says that their apps for Govt meets all security standards while MSFT's new net up has not yet been approved.
[09:25] {Threei}  - Google also says that the Department of the Interior insisted that its systems be hosted on a set of servers used only for federal customers; Google Apps for Government hosts systems for federal, state, and local governments, so this was a problem.
[09:25] {Threei}  - Govt changed their mind when they chose Microsoft's BPOS solution.
[09:25] {Threei}  - Google says that Microsoft's BPOS services for businesses have had several outages, including a 4-day outage in January, which contradicts the requirement of 99.95% uptime.
[09:26] {jfjf64} mornin all
[09:26] {Threei}  jf :)
[09:27] {khaln} g morning
[09:27] {Threei}  khaln :)
[09:27] {Threei}  MON Announced significant progress toward launching next-generation dicamba-based weed control systems for soybeans and cotton with BASF
[09:30] {RonS} ...been some talk of BASF buying MON...
[09:32] {Threei} Short Setup: RIMM  .10 break
[09:32] {Threei}  if stays under .20 for scalpers, .25 for day traders
[09:33] {Threei}  covered .91
[09:33] {Les} too fast for me
[09:34] {Threei}  1:1 for secoind chance entry
[09:34] {Threei}  1:2 again
[09:34] {Threei}  gidft that keeps on giving
[09:35] {Les} another entry possible?
[09:35] {Threei}  3rd? no
[09:35] {Threei}  2nd is usually fine
[09:35] {Les} V selling off
[09:35] {Threei}  3rd is pushing it
[09:35] {Les} ok
[09:36] {Les} mags u take 3rd?
[09:37] {Les} x read?
[09:37] {Threei}  rather long on .30 break
[09:37] {Threei}  51/49
[09:38] {Les} cat 80 b/d
[09:38] {Les} ?
[09:38] {Threei}  nio
[09:38] {Threei}  X 1:1
[09:39] {Threei}  REMX China planning to trim exports of rare earth metals in 2011 - Nikkei (20.67, +0.17, 0.83%) (related TRADEX REE MCP )
[09:39] {Threei}  that was the reason for REE spike
[09:40] {magoo} sorry late, les yes took second tho, out .76
[09:41] {Threei}  I would slap magoo with roll of cash if I haven't had him on ignore
[09:41] {Threei}  X 1:2
[09:41] {Threei}  you took it les?
[09:41] {Les} not with 51/49 odds
[09:42] {Threei} Long Setup:  FCX  97 break half lot
[09:43] {nemo} hey folks!
[09:43] {Threei}  stop .85
[09:43] {Threei}  target .40 or so
[09:43] {Threei}  hey nemo
[09:43] {Threei}  over 1:1
[09:43] {magoo} in it
[09:43] {Threei}  partial out this time will ya?
[09:43] {nemo} Just dragged a 10 pointer out of the woods, have to go check it in and drop it off at the butcher
[09:44] {Threei}  'ceause if you oversit it and blame me after, I am going to strangle you
[09:44] {Les} REMX .50 b/d?
[09:44] {Threei}  wow nemo
[09:44] {magoo} AWESOME NEMO..CONGRATS
[09:44] {dino} meli sm l .80\
[09:44] {nemo} Shot it last night but at last light
[09:44] {Les} I assume ten pointer means male, adult deer?
[09:45] {dino} sweet nemo
[09:45] {Threei}  not sure about REMX
[09:45] {nemo} yes, male
[09:45] {Les} we are talking about antlers I assume
[09:45] {dino} lol, yes
[09:45] {nemo} yes antlers
[09:46] {Threei}  anglers too - sometimes nemo shoots those as well
[09:46] {Les} yeh I'm with ya's. I'm hip, I'm cool
[09:46] {RonS} :O
[09:46] {davd} in meli .8 small
[09:46] {nemo} If I said  whacked a Big Red, you'd understand, right Les
[09:46] {nemo} ?
[09:46] {Les} pigs and buffalo I unerstand
[09:46] {Les} red deer?
[09:46] {nemo} Roos, dude.  used to hunt them in Oz
[09:47] {Les} oh right
[09:47] {Les} never had a crack at a roo
[09:47] {Les} you must come hunting next time I am in Oz
[09:48] {Les} $ b/d
[09:49] {Les} cat read vad?
[09:49] {Threei}  .20 break long
[09:49] {magoo} partialed .20
[09:49] {Threei}  half lot
[09:49] {magoo} boss
[09:50] {Threei}  whew
[09:50] {Threei}  CRUS Hearing vague takeover chatter circulating (12.79, +0.28, 2.24%)
[09:50] {magoo} take look HAL
[09:51] {Threei}  looks lower to me
[09:51] {Threei}  I'd shiort .90 break
[09:51] {nemo} Mags, he was with two does..used a buck call to bring him in...12 yard shot
[09:52] {magoo} man, i know u been qworking hard..WTG
[09:52] {Threei}  stop over 31 of course
[09:52] {magoo} post a picture please
[09:52] {nemo} I will
[09:52] {magoo} i sent one of mine to vad once
[09:52] {Threei}  FCX 1:2
[09:53] {Threei}  target git
[09:53] {Threei}  hit too
[09:53] {Threei}  [09:43] {Threei} target .40 or so
[09:54] {dino} msb sm l  ave .25
[09:56] {davd} in msb .25 small
[09:56] {Threei}  http://realitytrader.com/vad/HPIM1931.JPG
[09:57] {RonS} ...a face for radio...
[09:58] {RonS} :)
[09:58] {nemo} pictures o the way guys...gotta' go, hopefully be back for the afternoon.
[09:59] {jfjf64} spy  ugly chart
[09:59] {Les} who's mug does that belong to?
[09:59] {jfjf64} lets play cards
[10:01] {Les} who is in the photo?
[10:01] {magoo} see my house in background
[10:02] {Threei}  FCX 1:3
[10:02] {Threei}  mags, sold yet?
[10:02] {magoo} out
[10:02] {magoo} ty
[10:02] {Threei}  good
[10:03] {dino} out meli .54, +.74
[10:03] {Les} goddamn it. which one of you oldies is in that photo?
[10:03] {dino} thats magoo
[10:03] {Les} aaaaaaaah
[10:04] {Les} vad HAL 31?
[10:04] {Les} dunno if we wanna play breaks today? got stopped out on short
[10:05] {Threei}  let's leave it alone
[10:05] {Les} ok
[10:05] {dino} stop msb .92-.33
[10:08] {Les} x 45?
[10:08] {Threei} Short Setup: X  .95 break
[10:09] {Threei}  invalidated
[10:09] {dino} rumors shld to be taken private by lambert at 85/sh
[10:09] {Threei}  15 min ago
[10:09] {Les} he still holding that piece of %&ç is he?
[10:10] {Threei}  ugh X
[10:11] {Les} right. couldn't see what you were looking for in short
[10:11] {Threei}  this
[10:11] {Threei}  only without invalidation
[10:12] {Les} think it can go lower?
[10:12] {Threei}  I don't lnow where to begin answering that
[10:12] {Les} ok forget it
[10:12] {Les} stupid questino
[10:20] {RonS} mtb looking to trigger short...which i cannot do...
[10:20] {dino} sm l itri .75
[10:23] {davd} in itri .75 small
[10:23] {Threei} Short Setup: FCX  98 break
[10:23] {Threei}  half lot
[10:23] {Threei}  if stays under .10
[10:24] {Threei}  1:1
[10:25] {Threei}  1:2
[10:26] {Threei}  took a lesson from X
[10:26] {Threei}  instead of going with "before the break" short that got invalidated, then worked
[10:26] {Threei}  let it break, then shorted
[10:27] {Threei}  taking advantage of this pattern
[10:27] {Threei}  that's adaptability on the go for you
[10:27] {Threei}  but everyone is aslepp anyway so instead of talking to myself I will too
[10:28] {jfjf64} im here
[10:28] {magoo} working here
[10:29] {jfjf64} sign of good trader  change with market    well done
[10:29] {Threei}  ty
[10:29] {Les} huh?
[10:29] {magoo} sign of good gymnast, ability to pat ones own back
[10:30] {Les} oh right. now i get you vad
[10:34] {Les} cat dropping to 80
[10:35] {dino} hmmm feels like yesterday
[10:36] {Les} REMX at yesterdays low
[10:39] {Les} $ playing pinball today
[10:39] {davd} stop on itri dino?
[10:41] {dino} msb sm l .80
[10:42] {dino} .29
[10:42] {dino} its a pulp type so wider
[10:43] {dino} msb is .49
[10:55] {ese} morning.....just poping in to see how you all is doin......still feeling under the weather
[10:55] {dino} gm es
[10:56] {ese} dino.........carrying on with the....gonna get filthy stinking rich plan........keep up the good work
[10:56] {Threei}  hey ese
[10:56] {ese} hey vad
[10:56] {magoo} morn ese
[10:56] {ese} mags
[10:56] {Les} hangover fixed now ese?
[10:57] {ese} lol
[10:57] {ese} i wish
[10:57] {ese} aching bones
[10:57] {Les} flu getting around is it?
[10:58] {ese} was strong enough yesterday that i thought you all were gonna catch it through the internet
[10:58] {ese} right into the trading room
[10:59] {ese} hey doctor vad......does vodka cure this
[10:59] {Threei}  yes but you have to add ground pepper, both black and cayenne
[11:00] {ese} really......will give that a try
[11:00] {ese} alot or just a shot of it
[11:00] {Threei}  god... forget it... you have to live 10 years in Siberia to survive such cure :)
[11:01] {ese} lol
[11:02] {ese} was thinking about injecitng it interveenously
[11:02] {dino} ebix
[11:02] {dino} wild turkey es
[11:03] {ese} wild turkey?
[11:03] {ese} cold turkey you mean
[11:03] {dino} whiskey
[11:04] {Threei}  turkey goes through stages ese
[11:04] {ese} ahhhhhhh
[11:04] {Threei}  first it's wild,
[11:04] {Threei}  then it's shot,
[11:04] {Threei}  then it's cold,
[11:04] {Threei}  then it's hot in the oven,
[11:04] {Threei}  then it's cold again in the fridge
[11:04] {Threei}  circle of life...
[11:05] {dino} then its made into whiskey
[11:05] {ese} lol
[11:05] {Threei}  make sure you read today's catch of the day
[11:05] {Threei}  everyone
[11:05] {Threei}  timorrow we will hold test
[11:05] {Threei}  who doesn't pass it will be denied entry
[11:06] {Threei}  VVUS Exec: Holding talks with the FDA on the risk management program for Qnexa
[11:06] {Threei}  - Expects an uphill battle to get insurance companies to cover Qnexa.
[11:07] {RonS} hot toddy: in coffee mug, 2 shots whiskey, 1 tbsp lemon juice, 1 tbsp honey, fill rest w/ water...microwave to hot
[11:07] {ese} am looking for it....where is it.....must be blind
[11:07] {dino} indeed
[11:07] {Threei}  it's posted after the close...
[11:07] {Threei}  http://tradinglog.realitytrader.com
[11:08] {Threei}  now you can see yesterday's one
[11:09] {Les} ese, trying something new this year
[11:10] {Les} http://miburl.com/6V6dRu
[11:10] {Les} http://www.vitasprings.com/silver-biotics-16oz-abl.html
[11:10] {Les} apparently silver will kill bugs. gonna try it
[11:11] {ese} what are they going to think of next.......side effects will surely be metal poisoning
[11:11] {Les} well if the alcohol doesn't....
[11:12] {ese} good point.........i double the vodka intake.......with metal chaser
[11:12] {larisa} silver water is used for ages in Russia, even my grandparents did use it
[11:12] {ese} that should do it
[11:13] {ese} any side effects?
[11:13] {dino} out msb .22, +.42
[11:13] {Les} cool larisa
[11:13] {larisa} yes, ese, i look 20 in my 70s :)
[11:13] {dino} lol
[11:14] {ese} lol
[11:14] {Les} ?
[11:14] {larisa} Les, you are daytrader now, need to be fast thinker :)
[11:15] {ese} ear mouth and nose piercing just appears naturally as well
[11:17] {larisa} russians use a device that costs $10 to produce the water at home though , they do not buy  1 oz for $30 :)
[11:17] {ese} i'm outta here........to much laughing hurts my head......should be back tomorrow......probably not quite normal but back
[11:17] {larisa} get better ese :)
[11:17] {Threei}  sorry ese
[11:17] {ese} cya laris
[11:18] {Threei}  if we knew we would be very serious
[11:18] {ese} vad
[11:18] {Les} :P
[11:18] {RonS} wfmi running into earnings...high-end grocer who sells stuff 30-50% more, and has a 31 p/e.  Further proof rich liberals are insane.
[11:18] {ese} i was the cause of it......i'm my own worst enemy
[11:18] {Threei}  nah, I am ltying... "serious" is not something we do easily
[11:18] {ese} lol true
[11:19] {ese} cya
[11:19] {Threei}  get well
[11:19] {RonS} cya ese
[11:20] {dino} get well es
[11:20] {dino} dd, itri
[11:22] {dino} out itri .30, +.55
[11:23] {Les} good idea larisa. now looking around for a machine or method of making own silver water
[11:24] {Les} X read vad?
[11:24] {Threei}  flatline
[11:24] {Les} that's a new one
[11:24] {Threei}  bring the paddles
[11:24] {larisa} http://www.quantumbalancing.com/makeyourowncs.htm
[11:25] {Les} :) ty
[11:26] {larisa} np
[11:27] {khaln} .
[11:30] {Les} gld looks interesting for .10 b/d
[11:35] {Threei} Short Setup: FCX  .60 break
[11:35] {Threei}  hakf lot, if stays under .70
[11:57] {dino} mtb sm l .00 ave
[12:02] {dino} stop is .69
[12:04] {Threei}  no go FCX
[12:05] {Les} outta here. c u's tomorrow
[12:05] {magoo} bye les
[12:05] {jfjf64} ciao les
[12:06] {Threei}  take care les
[12:08] {jfjf64} nflx
[12:08] {jfjf64} .96 break
[12:08] {jfjf64} watfhin
[12:08] {jfjf64} vol coming in
[12:09] {dino} htht sm l ave .51 wide
[12:24] {magoo} .
[12:27] {Threei}  OPEN CNBC's Greenberg making cautious comments, cites falling revenues and rising share price (59.43, -0.60, -1.00%)
[12:45] {dino} .
[12:46] {_flautero} .
[12:47] {Threei}  LVS has no idea of greavity
[12:48] {Threei}  gravity either
[12:48] {nemo} I'm baaaaack
[12:48] {Threei}  like a bad nightmare?
[12:49] {nemo} 193 lbs.
[12:49] {Threei}  nice
[12:49] {dino} htht stopped -.33
[13:09] {RonS} ridiculous:  US to spend $200 mn a day on Obama's Mumbai visit
[13:11] {dino} you could by the whole country in a week for that
[13:12] {Threei}  add 50 more and offer them to keep him
[13:13] {dino} good idea.
[13:16] {dino} open spike
[13:18] {Threei}  trust in the goverment is lower than during watergate
[13:25] {RonS} aud = usd
[13:26] {Threei}  poor aussies
[13:41] {nemo} wow .50 range on the spy all day
[13:41] {khaln} .
[13:48] {nemo} X
[13:52] {nemo} teva interesting
[13:55] {RonS} naked bear on TAP...3300 nov 45 puts bought...$145k bet...reports ah
[13:55] {Threei}  someone started hunting deer within city limits with crossbow
[13:55] {Threei}  2 are killed
[13:55] {Threei}  police is looking for a poacher
[13:55] {nemo} teva over .50 looks long
[13:56] {Threei}  city is overrun by those
[13:56] {Threei}  deer I mean, not poachers
[13:56] {RonS} police?poacher?
[13:57] {nemo} fcx pulled back to 50 ma
[13:59] {Threei}  98 break prbably worth a shot
[14:05] {davd} out itri .57
[14:10] {nemo} X break .80?
[14:10] {Threei}  sure
[14:20] {nemo} teva held well on this pullback
[14:29] {Threei}  according to 2007 study, republican voters are more likely to go out and vote in the rain; dems are likely to stay home
[14:30] {Threei}  so this is what it comes down to for democrat voters... I will go vote for my cnaiddate in fair weather, but if it rains - I'll let reps win
[14:32] {RonS} i have heard such nonsense for 40 years...
[14:32] {RonS} the study concluded its preconceived conclusion
[14:33] {RonS} it is all a cover for the Dem ground game
[14:33] {RonS} money payments, trips to polls, etc.
[14:34] {dino} if you think about it, it's probably true. the lazy, welfare votes don't want to make effort in rain
[14:35] {RonS} dead people voting is my fave...
[14:36] {RonS} old wives tale dino...those of the ilk would not vote good or bad weather
[14:46] {RonS} my house has received at leat 100 political robocalls this season
[14:46] {RonS} least
[14:48] {RonS} answered none of them
[15:00] {RonS} ...a miss...sprd
[15:00] {RonS} nice setups...
[15:02] {Threei}  ASIA Reports Q3 $0.40 v $0.36e, R$122M v $112Me
[15:02] {Threei}  - Guides Q4 EPS $0.40-0.43 v $0.41e
[15:02] {dino} htht sm l .13
[15:03] {dino} mtb out .40, +.40
[15:04] {Threei}  anyoine went for ASIA?
[15:04] {Threei}  nice reaction
[15:05] {davd} in htht small .13
[15:08] {Threei}  watch ASIA for bounce play
[15:08] {Threei}  .10 break
[15:09] {Threei}  if holding 24
[15:09] {Threei}  half lot
[15:12] {Threei}  .90 break
[15:12] {Threei}  invalidated too
[15:15] {davd} not in htht, thought it got picked up....
[15:18] {dino} bummer
[15:23] {Threei}  CFTC: sent subpoenas to gas traders and hedge funds as part of probe of natural gas market (update)
[15:23] {Threei}  what, they are on another with hunt?
[15:24] {dino} thats what obamination is about. get the evil speculators and businessmen
[15:25] {Threei}  but dino... they are evilll everyoine knows that...
[15:25] {Threei}  walk into any room in the white house and ask
[15:25] {dino} eye of the beholder. imo they are the ones maximizing their lives
[15:25] {kowboy} Well here's hoping it rains today then
[15:25] {Threei}  lol
[15:26] {Threei}  and as far as nevada's concerned, I gope for hail
[15:26] {Threei}  hope
[15:27] {Threei} Long Setup:  ASIA  .60 break
[15:27] {Threei}  if stays above .50
[15:28] {Threei}  Euro vs US Dollar FX Concepts Chairman John Taylor: Reiterates EUR could reach parity with USD sometime in 2011; Points to uncertainty surrounding Greek elections on Nov 7th
[15:28] {Threei}  - Expects USD/JPY to fall further to 65-70
[15:28] {Threei}  - Says policy "beginning to lose control of the currency".
[15:28] {Threei}  anotger prophet
[15:29] {Threei}  no go ASIA
[15:37] {Threei}  quite a selloff
[15:38] {nemo} jeez...teva
[15:40] {Threei}  .90 break, going to try
[15:40] {dino} out htht +.38
[15:40] {dino}  back in ten
[15:40] {larisa} which stock?
[15:40] {Threei}  stop under .80
[15:41] {Threei}  ASIA
[15:41] {larisa} k
[15:41] {Threei}  not a scalp for me
[15:41] {Threei}  1:1
[15:41] {Threei}  1;2
[15:41] {Threei}  half out
[15:42] {Threei}  1:3
[15:42] {Threei}  1/4 more out
[15:42] {Threei}  finishing day not with a whisper but a bang
[15:42] {magoo} nice out .24
[15:43] {Threei}  oh how I'd have slapped magoo with roll of cash if I hadn't had him on ignore
[15:44] {khaln} .
[15:57] {Threei}  nice day...
[15:57] {Threei}  ok, ignore or not, can'y deny this pleasure to myself
06[15:57] * Threei slaps magoo around a bit with a large roll of cash
[15:58] {Threei}  POT Canada officials reportedly planning to announce decision on BHP bid on Wednesday, not Thursday as previously speculated - unconfirmed report (145.31, -1.32, -0.90%) (related BHP )
[15:58] {Threei}  prvince promised to sue feds if they allow merger to go through
[15:59] {Threei}  thank you all
[15:59] {Threei}  have a good evening
[15:59] {larisa} bye all
[15:59] {Threei}  see you tomorrow

Nov 01 2010

Open break setup is the earliest one in the day (hence the name) and comes to a simple idea of a stock forming a range narrow enough for comfortable stop placement, then breaking this range one way or another. Such break triggers the trade with stop being placed on another side of the range. Annotations on the chart provide all the visual aid.

Other than that, we stayed careful, cutting down activity after a few wins and one stop in a morning rush.


Session Time: Mon Nov 01 00:00:01 2010
[08:29] {Les} morning all, managed to remember to show up to work early today
[08:29] {Threei}  impressive
[08:29] {Les} oh well if you're gonna start the week like that...
[08:30] {Les} no we're out of sync with daylight saving this week
[08:30] {Threei}  oh I see
[08:30] {Les} last year I was late to the party by one hour
[08:30] {Threei}  *(US) SEPT PERSONAL INCOME: -0.1% V 0.2%E; PERSONAL SPENDING: 0.2% V 0.4%E
[08:30] {Threei}  *(US) SEPT PCE CORE M/M: 0.0% V 0.1%E; PCE CORE Y/Y: % V 1.3%E; PCE DEFLATOR Y/Y: % V 1.4%E
[08:31] {Threei}  ouch
[08:31] {Les} sorry whats PCE core Y/Y?
[08:31] {Les} missing a number there vad
[08:32] {Threei}  1.2% V 1.3%E; PCE DEFLATOR Y/Y: 1.4% V 1.4%E
[08:32] {Les} ty
[08:32] {Threei}  - Prior PCE Core YoY revised higher from 1.4% to 1.3%
[08:32] {Threei}  - Prior PCE Deflator YoY revised higher from 1.4% to 1.5%
[08:35] {Threei}  (SR) Saudi Arabia Oil Min: Energy demand expected to growth 40% within 20 years; Asia to constitute 60% of that increase in demand (related USO UNG OIH )
[08:36] {Threei}  another prophet
[08:36] {Threei}  all these guys thinking they can predicy what happens in 20 years are pretty funny
[08:45] {Threei}  IMAX Price Target raised to $30 from $22 at Piper Jaffray, maintains Overweight rating (21.65, 0.00, 0.00%)
[08:54] {magoo} morn
[08:54] {Threei}  magoo :)
[08:55] {magoo} nrews ftnt vad
[08:56] {Threei}  FTNT Reportedly IBM considering takeover approach for Fortinet - unconfirmed report
[08:57] {Threei}  Follow up: Reportedly IBM has offered to buy Fortinet, according to sources. The offer was submitted six to eight weeks ago, but a deal has not been officially announced yet.
[09:00] {jfjf64} mornin all
[09:00] {Threei}  jf :)
[09:05] {Threei}  two consolidations happening, LVS and IMAX
[09:09] {_flautero} Good morning :D
[09:11] {Les} try again flautero. Scream this time
[09:12] {Threei}  glautero :)
[09:12] {Threei}  umm... g=f
[09:12] {Threei}  where is my coffee
[09:12] {Threei}  I mean coggee
[09:12] {_flautero} hehe
[09:13] {_flautero} FO has dobble bottom in the daily
[09:13] {_flautero} sorry dobble top
[09:13] {_flautero} 54.00 is the entry
[09:13] {dino} gm all
[09:14] {Threei}  dino :)
[09:14] {Les} dino
[09:14] {davd} hi all!
[09:15] {Les} morn davd
[09:16] {Threei}  davd :)
[09:17] {larisa} gm :)
[09:17] {Threei}  larisa :)_
[09:17] {larisa} vad :)
[09:17] {Les} hey lari
[09:18] {ronS} buenos dias todos
[09:18] {larisa} les, ron :)
[09:18] {Les} Ron
[09:20] {Threei}  IMAX chewed through 22
[09:27] {khaln} g morning
[09:29] {Threei}  khaln :)
[09:31] {magoo} avnr good vol
[09:32] {jfjf64} gld
[09:32] {Threei}  ECB's Bini Smaghi: Cannot rule out the chance that a Eurozone member state would not be able to pay back debt
[09:33] {Threei} Short Setup: AIG  .70 break if stays under .80
[09:33] {Threei}  half lot
[09:34] {ese} morning...had trouble loging on but am here
[09:34] {Threei}  ese :)
[09:35] {Les} don't log in as "morning" ese, a lot easier like that
[09:35] {ese} yup
[09:35] {Threei}  no kidding
[09:35] {jfjf64} pfe
[09:35] {jfjf64} watchim
[09:35] {ese} thats what happens when your tired....my own fault
[09:36] {magoo} AVNR crushed
[09:36] {Threei}  AIG not a scalp if triggers and works
[09:36] {magoo} caught .69
[09:36] {magoo} fast
[09:37] {Threei}  1:1
[09:37] {Les} half out ty
[09:37] {Threei}  half out .55
[09:37] {Threei}  stop to above b/e
[09:38] {Threei}  1:2
[09:38] {Threei}  1:3
[09:38] {Les} beauty vad
[09:38] {Threei}  careful
[09:38] {Les} and it just keeps on going
[09:39] {Threei}  calling me beauty is allowed to females only
[09:39] {Les} 5 min candlestick says it all.
[09:39] {Les} never fear, would never call you thing of beauty :)
[09:39] {Threei}  ty
[09:39] {jfjf64} ty
[09:39] {Les} I keep that term for the charts
[09:41] {jfjf64} lvs
[09:41] {jfjf64} machine
[09:43] {Threei} Short Setup: LVS  .95 break
[09:43] {Threei}  half lot
[09:44] {Threei}  47.05 sdtop
[09:44] {Threei}  no go
[09:46] {Threei}  (US) Preview: Oct ISM Manufacturing Index due at 10:00 ET
[09:46] {Threei}  (US) Preview: Sept Construction Spending due out at 10:00ET
[09:49] {Les} wfc 26 bbreak?
[09:49] {Threei}  50/50
[09:53] {Threei}  AONE Ticks higher on circulation of article discussing partnership with GE for development of electric vehicle charging statinos (10.08, +0.36, 3.70%)
[09:59] {Threei} Long Setup:  RIMM  57 break
[10:00] {Threei}  1:1
[10:00] {Threei}  half out
[10:00] {Threei}  scalpers be happy
[10:00] {Threei}  1:2
[10:00] {Les} SPY spike
[10:00] {Threei}  *(US) SEPT CONSTRUCTION SPENDING M/M: +0.5% V -0.5%E
[10:01] {Threei}  *(US) OCT ISM MANUFACTURING: 56.9 V 54.0E; PRICES PAID: 71 V 70.0E
[10:03] {ese} bottom line with all the reports coming out in recent weeks ......the US economy is recovering......slowly but surely...imo
[10:03] {Threei}  prtoblem is, they all get revised lower a week later
[10:03] {Threei}  *(US) SEPT CONSTRUCTION SPENDING M/M: +0.5% V -0.5%E
[10:03] {Threei}  - Prior revised lower from 0.4% to -0.2%
[10:04] {Threei}  how about that?
[10:04] {Les} oops
[10:04] {Threei}  fudge it into election, revise later when no one pays attention
[10:04] {ese} and then a week later it gets revised up........
[10:05] {dino} same w/unenployment weekly numbers
[10:05] {Threei}  I don't think we saw any of significant ones not being revised
[10:05] {Threei}  over last month or so
[10:06] {Les} SPY wants 120
[10:08] {Threei} Short Setup: LVS  .15 break
[10:08] {Threei}  half lot
[10:08] {Threei}  if stays under .25
[10:09] {ese} in
[10:09] {ese} .13
[10:09] {Threei}  1:1
[10:09] {Les} out ty
[10:10] {ese} cover .05
[10:10] {jfjf64} ty
[10:10] {Threei}  3 for 4... you know my eternal question, right?
[10:10] {jfjf64} 3i
[10:10] {ese} tks vad
[10:10] {Threei}  welcome, but...
[10:10] {jfjf64} ate his wheaties today
[10:10] {ese} ahhhhhhh what?
[10:10] {Les} get back to work!
[10:10] {magoo} 2 were questionable
[10:10] {Threei}  can I go home??
[10:10] {jfjf64} or bacon
[10:11] {Threei}  questionable?
[10:11] {_flautero} wow lvs
[10:11] {magoo} rimm was like 12 seconds to win and down
[10:11] {Threei}  since when 12 seconds is not enough?
[10:11] {magoo} this time
[10:11] {magoo} killed me
[10:11] {jfjf64} fine here
[10:11] {Les} admittedly sat on my hands for RIMM.
[10:12] {Threei}  sure thing if you have 20 cents but sit and wait for 40
[10:12] {Threei}  into numbers too
[10:12] {Les} rimm got a lot of air under it vad
[10:13] {Les} should I be looking for short setup on it?
[10:13] {Threei}  into bounce, maybe
[10:13] {magoo} i consider myself pretty fast, so i doubt many in room made $$ on rimm
[10:13] {Threei}  breakdown, I am not so delighted
[10:14] {Les} ok
[10:14] {Threei}  OK, cancle that RIMM call, and I am not calling it anymore
[10:14] {Les} can't you just put mags on ignore?
[10:14] {magoo} lol
[10:14] {magoo} u mean AGAIN?
[10:15] {nemo} omfg....I actually have a trading account again
[10:15] {Les} hehe the fish is back!
[10:16] {Les} lol RIMM offered that short entry. too chicken now to take it. Mags is scaring me off it
[10:16] {Les} was very quick 1:1
[10:16] {Les} probably too dangerous
[10:17] {ese} L pwer .10 avg .60
[10:20] {Les} vad LVS read?
[10:21] {Threei}  *(US) SEPT CONSTRUCTION SPENDING M/M: +0.5% V -0.5%E
[10:21] {Threei}  - Prior revised lower from 0.4% to -0.2%
[10:21] {Threei}  .25 break long
[10:21] {Threei}  1:1
[10:22] {Les} damn missed it looking for a stop. ty anyway
[10:22] {jfjf64} cat
[10:22] {jfjf64} ???
[10:22] {Threei}  no read CAT
[10:23] {jfjf64} no meow meow today
[10:23] {Threei}  well, 80 break is aobvious one
[10:23] {Threei}  just not sure how obvious flies today
[10:23] {jfjf64} rhinkin  short
[10:23] {Threei}  remember, we have two big events
[10:23] {Threei}  tomorrow and wed
[10:24] {Threei}  things are about to get very nervious
[10:24] {jfjf64} sence it
[10:24] {jfjf64} you woundnt know from ya calls
[10:25] {magoo} out LVS .47, we can be friends again vad
[10:25] {magoo} TY
[10:25] {_flautero} lol
[10:25] {jfjf64} aapl
[10:26] {jfjf64} .50  short
[10:26] {davd} dollar up a bit in past 1/2 hour and at hod.  may dampen market a little.
[10:27] {Threei}  we could mags, but I put you on ignore so I haven't seen that
[10:27] {Les} lol
[10:27] {ronS} lol
[10:27] {Les} rimm read vad?
[10:27] {magoo} roflol
[10:28] {Threei}  RIMM feels like short
[10:28] {Threei}  but not sure about setup
[10:28] {nemo} likely to get to .18 first
[10:28] {Les} yeh market should bounce a little first
[10:29] {Threei}  I have this nagging feeling that after Wed USD is going to skyrocket
[10:29] {Les} hopefully not overnight
[10:29] {Threei}  after FOMC on Wed, to be more precise
[10:29] {Threei}  and stage serious rally
[10:29] {Les} ?
[10:29] {nemo} but will that be bad for market or good for the market
[10:29] {Les} dollar up = market up?
[10:29] {Threei}  now, if that happens, the question is, will it kill the market
[10:30] {Threei}  or this relation is about to expire
[10:30] {Les} oh right, you m ean $ rally
[10:30] {Threei}  not sure...
[10:30] {Threei}  yes
[10:30] {Les} sorry, thought you meant dollar and market to seriously rally
[10:30] {Threei}  dollar to rally
[10:30] {magoo} problem is a pllbk is so so anticipated and rrightly so...that it should NOT happen
[10:30] {Threei}  market - not sure if invsrese relation will stay or they'll decouple
[10:30] {Les} what time FOMC meeting?
[10:31] {Threei}  yeah... my suspicion is,
[10:31] {Les} 2pm usual?
[10:31] {nemo} announcement 2:15
[10:31] {Threei}  markert is going to pull back at first,
[10:31] {Les} cool. so we capture the close
[10:31] {Threei}  creating the impression that relation is there
[10:31] {Threei}  then explode upward against all the expectations
[10:31] {Les} will certainly squeeze last drop of blood
[10:31] {Les} from bears
[10:32] {Les} should it eventuate
[10:33] {nemo} .44 support for spy
[10:34] {Les} q's IWM leading SPY down IMO
[10:35] {Les} some RIMM consolidation for 57 b/d?
[10:35] {nemo} vwap .40 for spy
[10:36] {jfjf64} aapl
[10:36] {jfjf64} in
[10:36] {Les} wow fast drop
[10:36] {jfjf64} .45
[10:36] {jfjf64} hold .75
[10:37] {jfjf64} dieeeeeeeeeeeeeeeeeeeeeee
[10:39] {Les} vad u tempted by .95 b/d rimm?
[10:39] {magoo} i like that'
[10:39] {Les} lot of support under it. needs solid market drop
[10:40] {Threei}  really hard to tell
[10:40] {ronS} nflx pullback
[10:40] {Les} cool. prefer cleaner break
[10:48] {magoo} aapl will bring RIMM down (or up)
[10:52] {Les} rimm more interesting now if it can consolidate or bounce a little
[10:52] {magoo} im sh .99
[10:53] {Les} gj
[10:53] {magoo} looking for low
[10:53] {magoo} like .57
[10:53] {magoo} will eject on strength
[10:53] {Les} I'll join u if setup permits
[10:54] {magoo} stopis 57.01
[10:58] {nemo} Qs at 200 m
[10:59] {jfjf64} someone  hit  aaple pls
[11:00] {Les} u running lightspeed charts nemo?
[11:00] {nemo} no
[11:00] {nemo} LASER and FSC.com
[11:00] {Les} ok wasn't sure if you had premarket MA data
[11:01] {nemo} .20 is spy 200 ma, look for bounce
[11:01] {magoo} lvs sh too
[11:10] {Les} anyone got anything on radar with big percentage gain?
[11:11] {magoo} AVNR
[11:11] {Les} cool ty
[11:11] {dino} itri sm l .01
[11:13] {davd} in itri .01 small
[11:13] {dino} pwer gap fill oct
[11:14] {jfjf64} die
[11:15] {nemo} spy and Qs slowing to a crawl
[11:16] {Les} good calls on aapl rimm jf & mags
[11:16] {dino} pwer l .76
[11:17] {magoo} rimm target hiyt
[11:18] {dino} gj
[11:20] {jfjf64} +1.03
[11:20] {Les} wtg
[11:20] {nemo} on what jf?
[11:20] {jfjf64} aapl
[11:20] {nemo} kewl
[11:20] {dino} gj
[11:20] {jfjf64} long trade
06[11:20] * Threei slaps jfjf64 around a bit with a large roll of cash
[11:21] {Threei}  HAL S&P revises outlook to Negative, cites oil spill exposure (32.12, +0.26, 0.82%) (related CAM RIG BP SPN CLH )
[11:21] {jfjf64} 10:35 entered
[11:25] {jfjf64} seller still here
[11:25] {jfjf64}  303.00
[11:25] {magoo} cov lvds  here
[11:25] {jfjf64} looks intereting
[11:25] {magoo}  .06
[11:26] {magoo} [11:00] {magoo} lvs sh too
[11:26] {magoo} from .33
[11:26] {magoo} sh HAL off news .20
[11:27] {Les} well done. missed .10 short
[11:27] {Les} friking market boucing around like a pinball machine
[11:28] {Les} bounce time for IWM and Q's
[11:28] {khaln} .
[11:28] {jfjf64} bamm
[11:28] {jfjf64} busterd
[11:28] {jfjf64} 303.00
[11:30] {magoo} hal target .80 area
[11:31] {magoo} lvs sh loss 47
[11:31] {magoo} scalp is all
[11:36] {nemo} spy likely to test .78
[11:37] {magoo} cov lvs here .83
[11:37] {Threei}  nice jopb on shorts
[11:38] {magoo} id say ty but i put u on ignore LOL
[11:38] {Threei}  everyone except magoo whom I still have on ignore so I don't know how he did
[11:38] {Threei}  and you thought you'd outignore me? :)
[11:39] {magoo} :)
[11:51] {Les} lvs nice db
[11:52] {Threei}  HAL's even better
[11:52] {Threei}  higher low, easier to read
[11:55] {Threei}  58% Favor Repeal of Health Care Law
[11:55] {Threei}  quite astonishing
[11:56] {Threei}  normally unpopular laws rejection dies down as initial anger subcides
[11:56] {Threei}  in this case, it's getting hotter and hotter
[11:57] {Threei}  which means, people get unhappier with it as they see it in action
[11:57] {Les} let's see some action at the ballot box tomorrow to back up those poll numbers
[12:05] {ese} i'm signing off all...definitely not feeling all that great.....gonna try and get some more rest....hopefully catch you all tomorrow
[12:05] {Threei}  take care ese
[12:05] {ese} ya  cya vad
[12:06] {Les} u party animal u ese. caio
[12:06] {Les} ciao
[12:09] {_flautero} bye all have a niceday thanks for all!:)
[12:09] {Les} ciao flautero
[12:11] {Les} Vad HAL 2 way play?
[12:11] {Threei}  long I like
[12:12] {Threei}  short, not so much
[12:12] {Threei}  could work is market drops sharply of course
[12:12] {Threei}  but going of its own chart, long to me
[12:12] {Les} ok
[12:13] {Les} can't nail AVNR. might end up being long. maybe break here
[12:22] {Les} are mid-term elections tomorrow?
[12:23] {Threei}  hmmm
[12:23] {Threei}  11:57] {Les} let's see some action at the ballot box tomorrow
[12:23] {ronS} yep
[12:23] {Threei}  what did you mean if you didn't know?? :)
[12:23] {Les} goddamn it vad stop embarrassing my intelect
[12:23] {Les} what little I have
[12:23] {Threei}  sorry... I just enjoy it too much
[12:23] {nemo} Les....intellect
[12:23] {Les} belt up nemo
[12:24] {magoo} he gotcha there bud
[12:24] {nemo} learn to spell Les
[12:24] {nemo} or more akurately...spel
[12:24] {Les} didn't take time to put it thru spellcheck. so sue me
[12:24] {magoo} eating veggie burger with xtras bacon
[12:24] {magoo} delisc
[12:25] {davd} nemo, when you calc vwap - is it 15 periods...?
[12:25] {Threei}  what iz zis intelekt thing of which you all speak so fondly?
[12:25] {nemo} it's done automatically in FSC.com
[12:25] {magoo} autiomatic intellect?
[12:26] {nemo} you can calculate it for more than one day as mvwap also
[12:26] {Les} thanks vad. I feel better now
[12:26] {Threei}  shoore
[12:28] {davd} thanks nemo
[12:29] {nemo} yw
[12:29] {Threei}  This morning Intel said it would make a variety of programmable chips with unusually high performance for a semiconductor start-up, Achronix Semiconductor Corp.
[12:29] {Threei}  - Such chips could help boost the capabilities of computer hardware in applications such as high-speed communications, image-processing and encryption.
[12:29] {Threei}  - Three firms that stand to potentially lose business from the arrangement include Align Technology, Xilinx and Lattice Semiconductor.
[12:30] {Les} aapl looking to break 304
[12:30] {Les} heading for hod
[12:31] {Threei}  mrket feels like bouncing to me
[12:32] {Les} hope so. long HAL .00
[12:34] {Les} me think drop
[12:35] {Threei}  not sure about such entry at the lunch time
[12:35] {Threei}  things generally do not break out like this
[12:35] {Les} accidentally bought in. sticking with the trade
[12:35] {Threei}  they tend to retreat to the bottom of the range
[12:35] {Threei}  bounce, touch break level, maybe penetrate it a bit
[12:35] {Threei}  then retreat again
[12:36] {Les} yeh. finger too close to the trigger
[12:36] {Threei}  so buying support with partialling or scalping into resistance is your lunch time strategy
[12:38] {Les} out
[12:38] {Les} will remember what you've said
[12:39] {Les} and what HAL just did to me
[12:52] {dino} msb
[12:55] {dino} msb sm l .70
[12:56] {nemo} DB spy?
[12:57] {Threei}  nah
[12:58] {davd} in msb .7 small
[13:01] {davd} stop on  itri dino?
[13:02] {dino} .65
[13:03] {dino} should've taken the quick .40 on it
[13:03] {dino} ppd
[13:04] {davd} ddi you get the quick .40 on it?
[13:04] {davd} did
[13:04] {dino} no, got greedy
[13:05] {davd} msb up
[13:07] {dino} slxp
[13:08] {dino} sm l .00
[13:09] {Threei}  (JP) Senior Russian Official Pulls Out Of Japan Business Conference - Nikkei News
[13:09] {davd} in slxp .00 small
[13:10] {Les} trying to sell the Russians a bridge to Vladivostok were they?
[13:10] {dino} stop is .64
[13:10] {Threei}  - A high-level Russian official has canceled a trip to Japan later this month in what may be the first sign of a chill in bilateral relations.
[13:10] {Threei}  - First Deputy Prime Minister Igor Shuvalov was scheduled to head a delegation of Russian business leaders to the fourth Japan-Russian Investment Forum in Tokyo on Nov. 12. Some of the executives who had been considering joining the delegation are now expected not to attend.
[13:12] {Threei}  (JP) China Finance Minister Xie Xuren to skip APEC meeting in Kyoto - Nikkei News
[13:12] {Threei}  what is it, snub Japan month?
[13:12] {Threei}  - According to sources close to the matter, the Chinese government has notified Japan's Ministry of Finance that it will be sending vice-minister-level personnel to the meeting to fill in for Xie.
[13:12] {Threei}  - No explanations have been given for the minister's planned absence, but some observers say it may be a sign of strained ties between the two countries.
[13:21] {Threei}  what am I to think of e-mail starting with this:
[13:21] {Threei}  Sir;
[13:21] {Threei}
[13:21] {Threei}  I am sorry if I am intruding into your privacy by contacting you since I do not know you physically.
[13:21] {Threei}  ummm... "thasnk god"?
[13:21] {Les} who is asking? male or female?
[13:22] {Threei}  I csn't tell... some nations have names impossible for me to classify by gender
[13:23] {Les} well it's not their fault is it
[13:23] {Les} you should be more conscientious of spammers
[13:23] {Threei}  no but I am still glad they don;'t know me "physically"
[13:23] {davd} move stop slxp?
[13:24] {nemo} probably .15
[13:24] {Les} well they don't know your bank account physically.... yet
[13:24] {Les} HAL read vad?
[13:25] {Threei}  downtrend seems to be uniterrupted, anf it doesn't go with market
[13:25] {Threei}  so, down
[13:28] {khaln} .
[13:29] {davd} out msb .9 +.2
[13:31] {davd} out itri stopped
[13:44] {davd} out slxp .65
[13:44] {davd} +.65
[13:49] {Threei}  wtg
[13:52] {davd} good lunchtime strategy threei.  played it well
[13:55] {dino} stopped slxp -.35
[13:55] {dino} out msb .35, +.65
[13:56] {dino} gj slxp davd
[13:56] {ronS} Obama will see a threat?  Chavez Says Golf Courses Should Be Seized, Put to Other Uses
[13:56] {davd} was you  really...
[13:57] {ronS} via Bloomberg
[13:57] {dino} lol chavez's ideas are doing so well...NOT
[13:58] {davd} i agree with that - could convert them shanty towns
[14:12] {jfjf64} 303.50  s  aapl
[14:12] {jfjf64} looks  real temptin
[14:12] {jfjf64} ??  3i
[14:13] {jfjf64} do i hv ya blessing
[14:13] {Threei}  no idea jf
[14:14] {davd} i wouldn't short apple.  done it and never made a buck.
[14:14] {jfjf64} made a buck  today
[14:14] {jfjf64} lol
[14:15] {Les} AVNR
[14:15] {davd} fair enough... :)
[14:16] {Threei}  you are too generous davd... wat's fair about jf making a buck and not sharing it with us?
[14:17] {jfjf64} no  so david  posted    10:35 today
[14:17] {davd} yep, 10:35
[14:17] {Les} s avnr .87 stop above .95
[14:17] {Les} qqqq
[14:17] {Les} sorry
[14:22] {dino} sm l insu .25 stop ;od
[14:38] {magoo} rimm sghort here .25
[14:38] {Threei}  think so
[14:39] {magoo} i meant im in
[14:39] {magoo} but good u agree
[14:39] {magoo} mkts rolling
[14:39] {Threei}  Don't feel too vindicated if I happen to agree with you today. Chances are we will disagree tomorrow
[14:40] {magoo} i like lvs sh, and aig too
[14:40] {magoo} not in
[14:42] {Threei}  RIMM is strangely risistant
[14:42] {Les} yes. am short .23
[14:42] {Les} so is AVNR
[14:42] {magoo} sh hal .55
[14:44] {magoo} mkt red
[14:44] {magoo} c'mon down
[14:45] {magoo} out rimm - .1o
[14:47] {ronS} jpm
[14:49] {ronS} sec investigating some sort of jpm deal
[14:49] {Threei}  JPM SEC investigating deal between JP Morgan and hedge fund Magnetar - Propublica
[14:50] {Threei}  - Report highlights an investigation into whether Magnetar was improperly allowed to select assets in a $1.1B subprime mortgage backed deal.
[14:50] {Threei}  - Deal known as "Squared", which was a CDO completed in 2007.
[14:50] {Threei}  - REMINDER: Goldman Sachs was sued and eventually settled for $550M over a similar deal hedge fund deal called 'Abacus' with Paulson & Co. earlier this year. At the time the SEC said it would continue to look into similar deals across Wall Street.
[14:50] {Les} jeez that's old news
[14:50] {Les} SEC finally heard about it did it?
[14:51] {ronS} O and Pelosi abd Reid need some cover for the shenanigans they will try to pull in the lame duck Congress Les
[14:52] {ronS} jpm suit would give a couple weeks...
[14:52] {Les} yeh... give the plebs bread and circuses.
[14:52] {ronS} ekaxly
[14:53] {Les} son of vad
[14:53] {ronS} eubonics
[14:53] {Threei}  not very well tsught the korrekt spelling, too... it's EQZAKTLY
[14:57] {davd} demademark pivot low is 118.280 on spy
[14:58] {davd} demark
[14:58] {Les} AVNR dead frikin duck
[14:58] {ronS} i miss de mark
[14:59] {Threei}  lol
[14:59] {Threei}  FTNT
[14:59] {Threei}  Fortinet Inc. Corrects news reports from earlier
[14:59] {Threei}  In a recent article, Bloomberg News cited sources incorrectly indicating that Fortinet is in acquisition discussions with IBM. Fortinet's policy is not to comment on rumors, and Fortinet declined to respond to rumors on this subject. Nevertheless, Fortinet believes that investors need to be aware of the error and today announced that it is focused on building a strong independent company and is not in acquisition discussions with IBM. Fortinet had requested that Bloomberg retract or correct the story.
[14:59] {Threei}  whoa
[15:00] {ronS} kaboom
[15:00] {davd} bye bye
[15:01] {jfjf64} pot  ready to blast off
[15:02] {jfjf64} imo
[15:03] {jfjf64} nope
[15:08] {ronS} gotta scoot...dentist...;)
[15:09] {Threei}  ouch
[15:09] {Les} take the pain
[15:09] {Les} cheers
[15:13] {jfjf64} bidu
[15:13] {jfjf64} .57  break
[15:14] {jfjf64} half out
[15:15] {jfjf64} out
[15:16] {jfjf64} sons football game  goota  run
[15:16] {jfjf64} later all
[15:16] {Les} ciao jf
[15:16] {Threei}  take care jf
[15:17] {jfjf64} ty 3i
[15:19] {Les} amen
[15:25] {Les} incredible strength AVNR.
[15:25] {Les} not my day. knew I shoulda quit after AIG
[15:25] {Les} c u's tomorrow
[15:25] {larisa} bye :)
[15:26] {Threei}  take care les
[15:31] {khaln} .
[15:32] {Threei}  (CH) China President Hu: China FX policy is conherent and responsible, govt plans to continue perfecting floating FX rate system to increase CNY flexibility (related USD/CNY EUR/CNY FXI )
[15:58] {Threei}  thank you all
[15:58] {Threei}  have a good evening, see you tomorrow
[15:58] {khaln} b y
[15:59] {larisa} bye all
[15:59] {khaln} bye