Tuesday, January 25, 2011

Jan 25 2011

Another strong winning day with usual suspects providing quite nice readable trades.


Before viewing this chart, re-read the article on different types of entry:
http://blog.realitytrader.com/2007/07/how-aggressive-are-you.html


Now this chart and entry will be crystal clear for you: $29.20 break is a short trigger, you can easily identify our actual entry as aggressive, granting us much tighter stop and bigger reward.




Session Time: Tue Jan 25 00:00:00 2011

[08:20] {magoo} morning
[08:20] {Threei}  astute observation
[08:20] {Threei}  BTU Reports Q4 $0.78 (cont ops) v $0.71e, R$1.82B v $1.8Be
[08:20] {magoo} i practice everyday
[08:20] {Threei}  obviously works
[08:21] {Threei}  I am too lazy
[08:21] {Threei}  I'll rely on you if you don't mind
[08:26] {magoo} news SYT
[08:27] {Threei}  only mentioned as sympathy to DD
[08:27] {Threei}  DD Reports Q4 $0.50 adj v $0.32e, R$7.4B v $7Be
[08:27] {Threei}  - Guides FY11 EPS $3.45-3.75 v $3.50e (prior $3.30-3.60, R$33-34B on 14th Dec)
[08:30] {nemo} gentlemen
[08:30] {Threei}  sir
[08:31] {magoo} cap'n
[08:33] {nemo} damn, clda just fell off the cliff without me
[08:34] {Threei}  first time I see someone regretting not being on something falling off the cliff
[08:35] {nemo} snowing again here today, and we're supposed to get another foot tomorrow
[08:35] {Threei}  yikes
[08:36] {nemo} out of coffee...guess I'll have to switch to alcohol early
[08:37] {Threei}  life is tough
[08:37] {nemo} Yeah, and the frickin rabbit decided to work on the bedsprings at 3 am this morning, oy vay
[08:38] {nemo} little teeth going tat tat tat tat tat on the metal
[08:38] {nemo} and you wonder why I wouldn't mind going over a cliff
[08:39] {Threei}  alternatively, you may want to throw a rabbit in there
[08:40] {nemo} try catching the little bastid
[08:40] {nemo} I'll have to shoot it first
[08:42] {Threei}  (US) Preview: Nov S&P CaseShiller Home Price data due at 09:00 ET**Consensus expectations: - S&P CaseShiller Home Price: No est v 145.32 prior - Composite-20 MoM: -0.8%e v -0.99% prior; YoY: -1.6%e v -0.80% prior
[08:43] {jfjf64} mornin all
[08:43] {Threei}  jf :)
[08:47] {nemo} mnta
[08:49] {ese} gm
[08:49] {nemo} that's your opinion
[08:49] {Threei}  ese :)
[08:50] {ese} lol
[08:50] {Threei}  never mind nemo, he is grumpy because of his rabbit
[08:50] {nemo} nephew's rabbit
[08:50] {Threei}  he is grumpy because of his nephew and rabbit
[08:51] {nemo} yeah, guess that is true
[08:51] {nemo} mnta way up, going way down
[08:51] {nemo} wtf
[08:51] {Threei}  something to do with TEVA
[08:53] {Threei}  (EU) ECB's Costa: Sees some threat to economic recovery from countries that are consolidating finances
[08:53] {Threei}  yup... that's a threat
[08:54] {Threei}  how could you consolidate your finances, you no good financially respinsible bastages
[08:59] {Threei}  CaseShiller Home Price data is coming
[09:00] {magoo} bidu was mover yesterday, reports tonite
[09:00] {Threei}  *(US) NOV S&P/CASESHILLER 20-CITY M/M: -0.54% V -0.8%E; Y/Y: -1.6% V -1.6%E; HOME PRICE INDEX: 143.85 V 145.32 PRIOR
[09:06] {RonS} coh...reports saying that stock dropping due to flat margins...but at 72.4% wtf?
[09:07] {RonS} do people realize that cost v selling price that's a triple?
[09:07] {Threei}  since when reports are written by those who understand why prices rise and fall?
[09:08] {RonS} gross margin percent = selling price minus cost divided by selling price
[09:09] {Threei}  let me elbaorate
[09:09] {Threei}  since when are reports written by those who understand why STOCK prices rise and fall?
[09:09] {RonS} i know...just saying...
[09:12] {RonS} lol...when did he arrive...midnight?
[09:12] {nemo} enoug with the calculus
[09:12] {nemo} whoa mnta
[09:12] {nemo} got espresso from the neighbor, oohh mistake
[09:13] {stewy} gd morning everyone
[09:14] {RonS} hi stewy
[09:14] {Threei}  stewy :)
[09:14] {nemo} stewster
[09:15] {nemo} fcx wants to drop
[09:18] {nemo} Oh, watched "The Fighter
[09:18] {nemo} last night.  Good movie
[09:18] {nemo} Christian Bale is great
[09:19] {RonS} sounds like a hit...
[09:19] {ese} hey nemo! what brought what brought atpg up on your radar yesterday?
[09:19] {larisa} gm :)
[09:19] {ese} laris
[09:19] {Threei}  larisa :)
[09:19] {davd} hi all.
[09:19] {larisa} ese, vad, all :)
[09:19] {Threei}  davd :)
[09:20] {ese} dave
[09:20] {RonS} hey dave...larisa ;)
[09:20] {nemo} I follow a list of about 15 traders on my "tweetdeck".  One of them popped off about it
[09:20] {davd} hi ronS Larisa
[09:20] {ese} tweetdeck?
[09:20] {nemo} I looked, saw the formation, and pulled the trigger.  Didn't have time to really think
[09:21] {nemo} yeah...it's an app that managers twitter
[09:21] {ese} ahhh
[09:21] {nemo} manages
[09:21] {nemo} that espresso
[09:21] {ese} how do those stocks made your trading list
[09:21] {ese} make
[09:21] {dino} gm all
[09:21] {Threei}  dino :)
[09:21] {nemo} that's how I was alerted to nvda also
[09:22] {ese} ya...i thought you made some really good trades there....well done
[09:22] {magoo} anyone catch MNTA short ?
[09:22] {nemo} not me, you?
[09:23] {Threei}  not with that spread mags
[09:23] {magoo} i missed too
[09:23] {nemo} btw, vmw hit a MAJOR support level as a low, it will probably retest it, so we, that is VAD should look for a short entry
[09:24] {magoo} VMW spiked to 95 afterhours
[09:25] {dino} lots of upgrades on it
[09:25] {magoo} then it pulled back, but 82.50 area held
[09:25] {nemo} yeah, funds got caught with their pants down and need to get better prices to get out, gonna' be a helluva gap this morning
[09:25] {Threei}  30 cents spread
[09:25] {nemo} at the moment
[09:28] {magoo} news GS vad
[09:29] {Threei}  none
[09:30] {Threei} Short Setup: X  .20 break half lot
[09:30] {Threei}  well
[09:30] {larisa} :)
[09:30] {nemo} spread jumped me
[09:30] {Threei}  if you got it, take profit
[09:30] {jfjf64} lol
[09:30] {Threei}  lol
[09:31] {nemo} interesting tck went one way and fcx the other
[09:31] {Threei} Long Setup:  X  .80
[09:31] {Threei}  half lot
[09:32] {Threei}  ummm
[09:32] {Threei}  what the deuce :)
[09:32] {jfjf64} holy   s
[09:32] {Threei}  perfect calls, impossible executions
[09:32] {nemo} anybody catch that?
[09:32] {nemo} then, that's not a perfect call
[09:32] {Threei}  OK, first minutes are way too hectic
[09:33] {magoo} no
[09:33] {Threei}  someone throw something heavy at nemo
[09:33] {nemo} damn espresso
06[09:33] * nemo slaps nemo around a bit with a large trout
06[09:33] * nemo slaps nemo around with a large bottle of tranquilizers
[09:34] {nemo} clf wtf
[09:34] {Threei} Long Setup:  SLW  .20 break
[09:34] {Threei}  if holding .10
[09:36] {Threei}  nope, not ready
[09:36] {nemo} fcx jumped too
[09:36] {magoo} X nuts
[09:38] {Threei} Short Setup: X  55 break
[09:38] {Threei}  half lot
[09:38] {RonS} took slw .12 to .28...thxs 3i
[09:38] {Threei}  :)
[09:38] {Threei}  if stays under .15
[09:39] {Threei}  invalidated
[09:39] {nemo} wow
[09:39] {Threei}  one buyer kept 55 defended
[09:39] {nemo} and then some
[09:40] {Threei} Short Setup: SLW  30 break
[09:41] {Threei}  stop above .10 for scalpers. .15 day traders
[09:41] {Threei}  1:1 scalpers
[09:41] {Threei}  1:1 day traders
[09:41] {ese} anyone get the sense that this is a pullback for a push over 12000 by the dow
[09:41] {nemo} jumped my .98
[09:42] {Threei}  ok, this one WAS executable
[09:42] {nemo} who knows
[09:42] {nemo} yeah, I'm just not good on fast execution
[09:42] {dino} ffiv filled 102.79 gap
[09:42] {Threei}  bunch of numbers at 10
[09:43] {Threei}  Richmond manufacturing, House price index, Consumer confidence
[09:43] {Threei}  X
[09:43] {Threei}  short idea is back
[09:43] {Threei}  55 break
[09:43] {Threei}  it's e recurring theme
[09:44] {nemo} market strengthening, vmw weak
[09:44] {Threei}  whenever it forms decent range for a bearable stop, 55 break is valid
[09:44] {Threei}  .15 again
[09:45] {nemo} hehehehehe
[09:45] {Threei}  half lot
[09:46] {Threei}  SLW crash
[09:46] {Threei}  come on X
[09:46] {nemo} qoq
[09:46] {larisa} longer X holds the range, crazier will be the break both ways.
[09:46] {nemo} wow
[09:46] {larisa} hah
[09:46] {nemo} the drops are so fast
[09:46] {Threei}  right you are
[09:46] {magoo} wow
[09:46] {larisa} off my screen for now
[09:46] {magoo} 55 to .66 X ty
[09:47] {Threei}  wtg
[09:47] {RonS} x s from .10 to .62...thks 3i...
[09:47] {Threei}  that was the only way to enter
[09:47] {Threei}  good job folks
[09:47] {jfjf64} ty
[09:48] {Threei}  Moscow blast is blamed on female suicide bomber from Dagestan
[09:48] {Threei}  "black widow"...
[09:49] {nemo} BIDU very strong
[09:51] {magoo} reports after bell, goog up
[09:51] {nemo} ahhh, that's why BIDU so strong
[09:51] {Threei}  who are you telling to goog up?
[09:51] {magoo} lvs weak
[09:52] {Threei}  45 break was on a radar, but it dropped too sharply into support
[09:52] {magoo} me too lvs
[09:52] {Threei}  let's see ifit gives us bounce to short
[09:52] {magoo} typed and it dropped
[09:53] {dino} mnta sm l .25
[09:54] {dino} stop is .08
[09:54] {RonS} feeling better dino?
[09:55] {Threei}  X
[09:55] {Threei}  double bottom candidate
[09:55] {magoo} VZ
[09:55] {Threei}  VZ guidance
[09:55] {Threei}  8 min ago
[09:56] {Threei}  Verizon Communications Guides FY11 EPS +5-8% y/y, Rev 4-8% y/y (implies $111-115B v $108Be) - conf call slides- Forecasts 11M iPhone units in FY11 as part of EPS model - Changing return policy to 14 days from 30 days - Announces trade in policy through use of third party - Expects to see continues margin expansion in wireline business - Sees FY11 CAPEX flat to down
[09:56] {Threei} Long Setup:  X  ,60 break if holding .50
[09:56] {Threei}  half lot
[09:57] {Threei}  invalidated
[09:57] {Threei}  not off radar though
[09:58] {Threei}  valid with .50 break
[09:58] {Threei}  if holding .35
[09:58] {Threei}  half lot, remember
[09:58] {Threei}  thing is very dangerous today
[09:59] {Threei}  *(US) JAN RICHMOND FED MANUFACTURING: 18 V 23.0E
[10:00] {jfjf64} hog
[10:00] {Threei}  *(US) JAN CONSUMER CONFIDENCE: 60.6 V 54.0E\
[10:00] {Threei}  no go X
[10:01] {nemo} so the market lifts on a lower mnfg number and drops on a higher confidence number
[10:01] {nemo} Mmmmmhhh....red pill....or blue pill
[10:01] {dino} kwr sm l ave .52
[10:01] {ese} whoa...anyone see spy bounce there...gap up
[10:01] {dino} mnta stopped
[10:02] {nemo} not on my chart ese
[10:02] {jfjf64} mos
[10:02] {jfjf64} bounce  time
[10:02] {jfjf64} ??
[10:02] {ese} 128.98 to 129.17
[10:03] {ese} don't ever recall seeing that before
[10:04] {Threei}  .60 break jf
[10:04] {Threei}  if holding .50
[10:04] {jfjf64} yes
[10:04] {Threei}  nope
[10:04] {jfjf64} nope
[10:04] {jfjf64} rules
[10:04] {nemo} probably at .24
[10:04] {jfjf64} dont  break  da  rules skipper
[10:04] {jfjf64} lol
[10:05] {ese} this is kinda bizzarre action by the spyders
[10:05] {jfjf64} yes  ese
[10:05] {jfjf64} crazy
[10:05] {Threei}  very
[10:05] {jfjf64} 2 days  whats  UP
[10:06] {Threei}  looked yesterday's log chart?
[10:06] {jfjf64} ALWAYS
[10:06] {Threei}  http://tradinglog.realitytrader.com/
[10:06] {davd} the jump on spy to .7 occurred prior to news release.
[10:06] {Threei}  that's your answer why market is so nervous
[10:07] {ese} consummer confidence up
[10:08] {nemo} Mencken moron survey
[10:08] {ese} con summer...in italian thats "with summer"
[10:09] {magoo} look BTU vad
[10:11] {Threei}  MOS
[10:11] {Threei}  looks lower
[10:17] {Threei} Long Setup:  BTU  .60 break half lot
[10:17] {Threei}  if holding .45
[10:17] {Threei}  MOS bottmoless
[10:18] {Threei}  no, found one
[10:18] {Threei}  lol
[10:18] {dino} or going for doublen bottom
[10:18] {Threei}  BTU invalidated
[10:21] {nemo} btu could bounce .20 area if not then .00, after that, next is 72.42
[10:21] {Threei}  market feels almost ready for bounce
[10:22] {Threei} Long Setup:  SLW  .90 break
[10:22] {jfjf64} lvs
[10:22] {jfjf64} ??
[10:22] {Threei}  argh'
[10:22] {Threei}  late alert
[10:22] {Threei}  1:1
[10:22] {jfjf64} ty
[10:22] {Threei}  oh well
[10:22] {Threei}  you must have had it on the screen jf
[10:23] {Threei}  LVS no
[10:23] {Threei}  not liking it for bounce
[10:23] {Threei}  grr... just wanted to add "short if anything"
[10:23] {Threei}  and it dropped through the floor
[10:25] {ese} i guess consummer confidence had to jump by by 6000% instead of just 6%......
[10:26] {dino} vmw sm l .50
[10:26] {ese} man i'm in a cynical mood this morning
[10:26] {nemo} lvs may have bottomed
[10:26] {dino} cxo sm l .99
[10:30] {nemo} hdy dino
[10:31] {dino} out cxo .33, +.34
[10:32] {nemo} where's sneeze with all his market internals
[10:32] {ese} L ldk ..08
[10:32] {dino} out vmw. 52, +1.02
[10:32] {ese} a ton
[10:33] {Threei}  market reversal as foretold
[10:33] {ese} out 1/2 avg .14 +.07
[10:33] {dino} hyd terminates letter of intent
[10:33] {nemo} to do what?
[10:33] {Threei}  anything
[10:33] {ese} balance to break even
[10:34] {magoo} i hooked cavo .2.65
[10:34] {Threei}  we are not going to do anaything, ever, said HYD
[10:34] {magoo} wish i put it in
[10:36] {ese} out balance ldk .24
[10:36] {dino} be aquired nemo
[10:36] {ese} +.14
[10:36] {RonS} gj ese
[10:36] {dino} nxpi spike
[10:37] {ese} tks....that went 3k/3k.....but that does it for me today because i have to invigilate an exam this morning in 45min
[10:37] {ese} cya all....might be back later
[10:37] {dino} sm s .99
[10:37] {dino} cya es
[10:38] {Threei}  take care ese
[10:38] {ese} yup cya guys and gals
[10:38] {dino} cov nxpi .35, +.64
[10:38] {RonS} gj
[10:38] {dino} thx
[10:39] {dino} things are fast today
[10:40] {nemo} mos might be forming C&H
[10:41] {Threei}  SLW
[10:41] {Threei}  pullback for long entry
[10:42] {Threei}  30 cross
[10:43] {Threei}  .90 cross
[10:45] {Threei}  no worky
[10:46] {nemo} in mod .01
[10:46] {nemo} mos
[10:48] {nemo} 1/2 out .12
[10:48] {Threei}  beautoful
[10:48] {nemo} 1/4 more .23
[10:48] {nemo} did the high volume doji trigger
[10:49] {nemo} stop to entry
[10:51] {larisa} gj
[10:52] {nemo} used high volume doji at 10:43 as trigger.  Volume increased and then broke .00 for entry
[10:53] {dino} gj
[10:53] {jfjf64} v
[10:53] {jfjf64} ??
[10:53] {nemo} pwer
[10:54] {nemo} consolidating above morning high
[10:55] {nemo} v momo
[10:56] {magoo} nemo, i in mos your call, waiting .40, opinion?
[10:56] {nemo} closer to .50
[10:56] {RonS} barney stated his position again nemo
[10:56] {nemo} bent over?
[10:56] {magoo} grrrr
[10:57] {RonS} hehe
[10:57] {nemo} that's MY Congressman
[10:57] {jfjf64} keep  ya  bunny  locked up
[10:57] {Threei}  rofl
[10:57] {nemo} scary
[10:57] {RonS} oh no
[10:58] {nemo} pwer break Vad?
[10:58] {Threei}  I hate this stock
[10:58] {Threei}  slow... water torture
[10:58] {nemo} ahhh
[11:00] {magoo} SODA
[11:00] {dino} soda spike
[11:00] {magoo} SODA
[11:01] {dino} sm s .55
[11:01] {nemo} wow dino fast
[11:02] {magoo} out mos
[11:02] {dino} cov .12, +.43
[11:02] {nemo} I bow to Zod (Dino)
[11:03] {dino} just some spikey action
[11:03] {magoo} good entry
[11:03] {stewy} .
[11:03] {Threei}  SLW
[11:04] {dino} vad, started the tao book last night
[11:04] {Threei}  cool, want to hear what you think
[11:04] {dino} just finished "water" chapter
[11:05] {dino} will let you know when finished, so far i like it, different way to look at same ideas
[11:06] {Threei}  different way to systematize them
[11:06] {magoo} u reading it online or buy book?
[11:06] {Threei}  so they become a streamlined outlook
[11:06] {dino} online
[11:06] {jfjf64} can  we  buy  book ??
[11:06] {Threei}  no, sorry
[11:07] {dino} bpt?
[11:08] {Threei}  still doesn't look ready for bounce
[11:09] {nemo} out mos .49 btw
[11:09] {dino} heck of a 3 month chart
[11:09] {dino} gj
[11:09] {nemo} did you hold mags?
[11:09] {magoo} no, posted out
[11:10] {magoo} i cant trade that one
[11:11] {nemo} oh, missed it...I'd put my stop in for the final 1/4 at be
[11:12] {dino} v sm l bpt .78
[11:13] {dino} stop is lod
[11:13] {dino} stopped
[11:13] {dino} -.47
[11:13] {Threei}  hmm
[11:13] {Threei}  market dropped right after this:
[11:14] {Threei}  Euro vs US Dollar (EU) EU's Van Rompuy: No reason to question the EUR/USD FX rate at 1.35; EU pledges to do anything necessary to maintain a stable Euro currency are "not empty words"
[11:14] {davd} ... and uup popped
[11:14] {Threei}  yeah
[11:15] {Threei}  I guess we are at the stage where each "we don't need any more money" sends them down screaming
[11:15] {Threei}  look at this
[11:15] {nemo} and market drops
[11:15] {Threei}  flash crash repetition is coming or what
[11:15] {dino} wow glad i stopped bpt
[11:16] {dino} nah
[11:17] {dino} going back to earlier wins
[11:18] {dino} vmw sm l .60
[11:19] {Threei}  looks to me selling is not done yet
[11:19] {Threei}  market I mean
[11:20] {dino} dk
[11:20] {dino} bpt more blood
[11:21] {magoo} hooker spread on it
[11:22] {dino} :O
[11:23] {nemo} ahhh, mags.......what's a "hooker spread"?
[11:23] {Threei}  ummm
[11:23] {Threei}  janitor frowns
[11:23] {nemo} dcc me then
[11:23] {Threei}  here comes more selling
[11:24] {magoo} got a read short
[11:24] {magoo} lvs btu ?
[11:25] {Threei}  RIMM
[11:25] {nemo} yeah lvs higher low
[11:25] {Threei}  .70 break
[11:25] {nemo} short I gather
[11:25] {Threei}  answering magoo
[11:25] {Threei}  so yes
[11:25] {jfjf64} whats  in  the  coffee 3i
[11:26] {dino} v sm bpt l .00
[11:27] {jfjf64} sndk   bounce  time
[11:27] {Threei}  really feels to me like mini-crash is about to come
[11:27] {jfjf64} ??
[11:27] {Threei}  taking RIMM aggressively
[11:27] {Threei}  .77
[11:27] {jfjf64} rimm
[11:27] {Threei}  stop above .85
[11:27] {magoo} .76
[11:27] {magoo} sh bidu .45
[11:28] {Threei}  grr, missed SLW
[11:28] {Threei}  thought of .60
[11:28] {Threei}  here comes my min-crash
[11:28] {magoo} in whayt?
[11:28] {Threei}  market
[11:28] {magoo} mkts?
[11:29] {Threei}  more to come, it's just a beginning
[11:29] {Threei}  look at SLW
[11:29] {larisa} sigh
[11:29] {magoo} 200 down?
[11:29] {Threei}  RIMM 1:1
[11:29] {Threei}  half out
[11:30] {Threei}  why sigh larisa?
[11:31] {Threei}  ugh... SLW was the best one to follow the short read, and I missed it
[11:31] {dino} out vmw .98, +.38
[11:31] {magoo} and i brougfht it to u
[11:31] {jfjf64} frustrating day  4  me
[11:31] {magoo} two dummies
[11:31] {jfjf64} 3
[11:31] {larisa} just imagining you with crystal ball foreseeing the future :)
[11:31] {Threei}  no you didn't
[11:31] {Threei}  11:24] {magoo} got a read short
[11:31] {Threei}  [11:24] {magoo} lvs btu ?
[11:32] {jfjf64} need  shot
[11:32] {dino} out bpt .30, +.30
[11:32] {Threei}  well, did it work or not, larisa?? :)
[11:32] {dino} bang
[11:32] {Threei}  RIMM 1:2
[11:32] {Threei}  1/4 more out
[11:33] {dino} might have chickened out bpt
[11:33] {dino} yes i did
[11:33] {dino} that sucks, originally i was waiting at .70
[11:34] {magoo} coming from magoo, thats one crazy f'in dstock dino
[11:35] {magoo} .50 cent spreads and more
[11:35] {nemo} tck bouncing, can fcx be far behind
[11:35] {magoo} out rimm .45 ty boss
[11:35] {nemo} jumped my .91
[11:35] {Threei}  I don't trust these bounces
[11:35] {nemo} scalp
[11:35] {RonS} rimm .70 to .44 thxs 3i
[11:35] {Threei}  welcome mags
[11:36] {Threei}  smackdown can be so sudden and sharp, ecen scalp is too dangerous right now on a long side
[11:36] {Threei}  look SLW
[11:36] {Threei}  still not done dropping I believe
[11:37] {stewy} 3i thx for rimm nice 1:3
[11:37] {Threei}  stewy :)
[11:37] {stewy} one more wet paper bag
[11:37] {stewy} cast aside
[11:37] {Threei}  lol
[11:38] {dino} slw filled nov gap i mentioned last week
[11:39] {Threei}  yeah, see it on daily
[11:47] {Threei}  RIMM 1:4
[11:48] {jfjf64} trade  off day
[11:48] {dino} gj
[11:48] {dino} cxo sm l .53
[11:48] {Threei}  bidding last piece .21
[11:48] {jfjf64} aggresssive  entry
[11:48] {jfjf64} worked  weell
[11:48] {Threei}  yeah, felt strongly about market drop
[11:48] {Threei}  and larisa sighed at me
[11:48] {jfjf64} you  did
[11:48] {jfjf64} she  did
[11:48] {jfjf64} lol
[11:48] {Threei}  :)
[11:49] {larisa} not drop, you said {crash}
[11:49] {Threei}  no, I said mini-crash
[11:49] {larisa} 30 cents? :) ok then :)
[11:49] {Threei}  mini-crash = maxi-drop
[11:49] {larisa} forgot we are scalpers here
[11:53] {magoo} .
[11:54] {magoo} am i here was dropped
[11:54] {larisa} no, mini-crached :)
[11:54] {dino} me too
[11:54] {Threei}  rofl
[11:55] {Threei}  larisa is in rare shape today
[11:56] {jfjf64} wmt
[11:56] {jfjf64} c/h
[11:56] {dino} msb sm l .25
[11:56] {jfjf64} ?
[11:57] {Threei}  nah
[12:01] {nemo} iwm leading spy
[12:03] {jfjf64} axp  lower  ??
[12:10] {dino} out cxo .97, +.44
[12:10] {Threei}  beautiful
[12:10] {Threei}  I think so jf, if loses .40
[12:10] {dino} thx
[12:17] {dino} out msb ave .74, +.49
[12:18] {dino} taking a break
[12:21] {Threei}  you better
[12:21] {Threei}  or you won't leave any money in the market for anyone else
[12:22] {dino} lol
[12:26] {jfjf64} battle  axp
[12:33] {Threei}  market reversing back down should resolve this battle
[12:37] {jfjf64} comon baby
[12:38] {Threei}  {baby} have faith jf, have faith
[12:38] {Threei}  what was that?
[12:39] {jfjf64} lol
[12:39] {Threei}  must be news
[12:39] {Threei}  all I ee is
[12:39] {Threei}  BAC Hearing Meredith Whitney lowering estimates for 2011
[12:40] {dino} scanners all green
[12:41] {Threei}  I've no idea what the deuce was that
[12:42] {dino} my .07 scanners 30 rolling all green
[12:42] {dino} unusual
[12:49] {dino} look bpt +5 from my chicken out
[12:51] {nemo} iwm still leading spy and looking to close the gap
[12:57] {RonS} ...The King's Speech garnered the most oscar nominations:  12
[12:58] {RonS} ...true story
[13:03] {RonS} feering...
[13:03] {RonS} ...like jf...
[13:04] {RonS} Treasury sells $35 billion in 2-yr debt at 0.65%       01/25 11:03 AM
[13:07] {RonS} ...guess I'll go talk to my dog, or my buddy the squirrel who is in the bird feeder in the backyard...
[13:08] {Threei}  hmmm
[13:08] {dino} lol
[13:08] {dino} going to let the puppy in
[13:08] {Threei}  you have some weird friends ron...
[13:09] {RonS} "my girlfriend's a dog"  Bill Murray in Ghostbusters
[13:11] {dino} lol
[13:12] {nemo} don't forget my rabbit
[13:13] {nemo} spy led iwm that time
[13:24] {magoo} in anything?
[13:24] {jfjf64} dog house
[13:24] {nemo} spy back to pre-market low
[13:24] {dino} no
[13:26] {nemo} vmw moving against market
[13:26] {dino} gap at 1280, thurs
[13:29] {davd} imo the pop in tlt is because traders dont want to be short treasuries after obama state of union, i.e. selling tbt
[13:48] {nemo} sneeze....where the hell you been...needed your market internals
[13:49] {magoo} huh?
[13:49] {nemo} ?
[13:49] {RonS} mr. heit
[13:50] {nemo} nice
[13:50] {magoo} im long just now rimm .16
[13:54] {kschun} no problem guys, will no more mention anything about internals.....
[13:54] {nemo} no, was looking for them from you
[13:55] {nemo} my english must be bad
[13:57] {nemo} dcc kschun
[14:06] {RonS} 3i, rimm short?
[14:07] {nemo} don't do that, mags is long
[14:07] {Threei}  well, I don't want to short into drop
[14:07] {Threei}  need consolidation or bounce
[14:07] {nemo} x strong wtf
[14:08] {Threei}  yeah, unusdual
[14:08] {Threei}  -d
[14:09] {nemo} oh, thought you were gonna' use a dos command
[14:09] {kschun} o.k. guys, I am out. one trade, profit target reached. yesterday I did continue trading and lost about 70% of my profits. so for today I am out.
[14:09] {magoo} out rimm flat
[14:10] {kschun} trade was AFL short
[14:10] {kschun} financials and energy weakest sectors
[14:10] {nemo} been there do that, got the scars...no Tshirt though
[14:11] {kschun} harley davidson: any news on it vad? amazing today, hole industry very strong.
[14:11] {RonS} hog earn a.m.
[14:12] {nemo} x new year downtrend
[14:12] {nemo} broke it
[14:13] {magoo} look at X clinmb
[14:14] {nemo} aig at long term support
[14:14] {Threei}  Harley Davidson Inc Reports Q4 -$0.18 (incl charges) v -$0.30e, R$917M v $863Me- Guides FY11 shipments 221K-228K - Guides FY11 gross margin 34.0-35.0% - Guides FY11 Capex $210-230M (incl $60M-$75M for restructuring activities) - Q4 Shipments 44.5k v 35.9k y/y - Q4 gross margin 29.6% v 20.3% y/y - CEO: In 2010, we expanded our international footprint, saw improvement in our motorcycle segment results driven by the restructuring of our operations and returned HDFS to solid profitability. A strong, financially sound Harley-Davidson is key to our ability to invest in the business and grow. While there is still hard work ahead and we remain cautious in our outlook, I am confident that we are positioning Harley-Davidson to succeed and deliver value for all our stakeholders into the future.
[14:15] {nemo} not anymore
[14:16] {kschun} o.k. thanks
[14:16] {nemo} ?
[14:19] {dino} ??
[14:20] {magoo} ???
[14:22] {Threei} Short Setup: SLW  .30 break
[14:22] {Threei}  if stays under .40
[14:22] {nemo} x maybe too
[14:22] {Threei}  no
[14:23] {nemo} whoa
[14:23] {Threei}  SLW is not a scalp
[14:23] {Threei}  another mini-crash candidate
[14:24] {magoo} any read bidu vad, ?
[14:24] {kschun} @nemo: there you go:
[14:24] {kschun} http://finance.yahoo.com/advances
[14:24] {Threei}  no
[14:24] {magoo} whoa
[14:25] {nemo} I can't look at yahoo...I've got a frickin' 64, bit operating system, so no flash
06[14:25] * Threei envisions larisa sighing and rolling her eyes
[14:25] {kschun} for all the guys not having internals. this is quite good stuff. free, however 15 mins delay
[14:25] {kschun} oh sorry man
[14:25] {nemo} np
[14:26] {Threei}  1:1
[14:26] {kschun} oh boys, Vad no approaching the girls LOL. may still stay the next 15 mins... :-)
[14:26] {kschun} now... :-)
[14:26] {kschun} all fun, don't take it to serious :-)
[14:27] {Threei}  unless it's bacon, I don't take it serious
[14:27] {kschun} LOLLOLLOLLOLLOLLOL :-)
[14:30] {kschun} I am out, see you guys. thanks to all!
[14:30] {Threei}  take care kschun
[14:30] {nemo} cu
[14:33] {dino} cya
[14:33] {dino} damn dial-up
[14:33] {jfjf64} target  slw
[14:34] {magoo} .87?
[14:35] {Threei}  1:2
[14:35] {Threei}  ummm
[14:35] {Threei}  not sure
[14:35] {Threei}  but should lose 29
[14:35] {jfjf64} lol
[14:39] {jfjf64} nice
[14:39] {jfjf64} die ya  dog
[14:40] {jfjf64} jf  out of  dog  house
[14:40] {jfjf64} yahoooooooooooooooooooooooo
06[14:40] * Threei slaps jfjf64 around a bit with a large healthy dose of faith
[14:40] {Threei}  1:3
[14:41] {jfjf64} axp  killedd my  faith
[14:41] {nemo} probably to .76 at least
[14:41] {jfjf64} no  like  the  word
[14:41] {jfjf64} outttttttttttttt
[14:41] {jfjf64} tyty
[14:41] {Threei}  ywyw
[14:41] {jfjf64} look  vol  bar
[14:41] {nemo} yeah, so if it drops below the tail, it'll keep on going
[14:43] {jfjf64} still in  3i
[14:43] {Threei}  last piece
[14:43] {Threei}  stop above .10
[14:44] {Threei}  my appetite moves from mini-crash to maxi-drop
[14:44] {Threei}  not to be confused with maxi-dress and mini-skirt
[14:48] {dino} towr sm spike
[14:48] {nemo} wow what volume
[14:48] {dino} prefer looking at mini skirt
[14:50] {Threei}  1:4
[14:50] {jfjf64} ya good
[14:50] {dino} vmw drop
[14:52] {dino} you short vmw?
[14:53] {jfjf64} i wish
[14:53] {jfjf64} rimm
[14:53] {jfjf64} lower
[14:55] {stewy} .
[14:55] {stewy} 3i, thanks.
[14:56] {Threei}  welcome
[14:56] {dino} vmw sm l .25
[14:56] {stewy} done for day. :)
[14:56] {stewy} good night all
[14:56] {Threei}  see you tomorrow stewy
[14:56] {jfjf64} enjoy  stew  man
[14:56] {dino} cya stew
[15:04] {RonS} ldk smoked
[15:06] {magoo} bidu
[15:07] {dino} wants gap 13.16 ldk
[15:09] {RonS} hope ese out ldk
[15:09] {dino} close enough, sm l ldk .20
[15:09] {magoo} yea he printed outs
[15:15] {nemo} wow pwer
[15:15] {RonS} all solars
[15:16] {magoo} any reporting after close?
[15:16] {Threei}  (US) Senate to evaluate spending measures to deal with debt ceiling after February- REMINDER: budget experts say the current debt ceiling will be hit between March 31 and May 16, depending on the economy's performance.
[15:16] {RonS} O speech mags...
[15:16] {Threei}  YHOO
[15:16] {magoo} ah
[15:16] {Threei}  JNPR
[15:17] {Threei}  GILD
[15:17] {Threei}  the rest is also-runs
[15:17] {magoo} bidu too
[15:17] {Threei}  I don't see BIDU today
[15:18] {magoo} how about wed?
[15:18] {Threei}  no
[15:18] {magoo} crap, i read it somewhere
[15:19] {RonS} http://earnings.com/company.asp?client=cb&ticker=bidu
[15:19] {RonS} says 1/31...
[15:20] {dino} go to biz.yahoo.com/research/earncal/today
[15:20] {magoo} ok, ty
[15:21] {dino} out vmw .70, +.45
06[15:22] * Threei slaps magoo around a bit with a large calendar of important financial events - wife accessories shopping and kids entering college
[15:22] {patience} any idea on NWSA?  have you been trading it and i didn't notice?
[15:22] {Threei}  never touched it
[15:23] {patience} ty
[15:23] {Threei}  what's interesting about it?
[15:23] {dino} out ldk .45, +.25
[15:23] {Threei}  narrow...
[15:23] {Threei}  20 cents range
[15:23] {patience} price movement last 5 days
[15:27] {nemo} mos
[15:28] {dino} green close? my bet
[15:28] {magoo} 106 has trejected bidu all day
[15:28] {magoo} like 55 times'
[15:28] {jfjf64} 56
[15:28] {magoo} if it takes 106.10 look out
[15:29] {jfjf64} x
[15:32] {dino} jks drop
[15:32] {dino} solar beat down day
[15:33] {dino} back in tewn or so
[15:33] {dino} ten
[15:37] {Threei}  oh boy
[15:37] {Threei}  CLNE Afternoon strength attributed to speculation that alternative energy cars could be mentioned in the State of the Union speech tonight
[15:37] {Threei}  good way to lose your shirt
[15:37] {nemo} omfg
[15:38] {magoo} what nemo?
[15:38] {nemo} cracks me up
[15:38] {Threei}  OMFG - symbol not found
[15:38] {nemo} the whole speculation as to why clne up
[15:38] {nemo} oh sorry
[15:48] {Threei}  Qs green
[15:49] {Threei}  smackdown is coming now I believe
[15:50] {larisa} :)
[15:51] {larisa} what is the word.. incorrigibigibible?
[15:51] {Threei}  close
[15:51] {magoo} short setups?
[15:51] {Threei}  right spelling is inkorribgiligible I believe
[15:52] {larisa} ah.. ok
[15:52] {Threei}  mags, got a wristwatch?
[15:52] {Threei}  or a wall one?
[15:52] {Threei}  or desk?
[15:52] {magoo} some best moves now, lots of time
[15:55] {RonS} $2.90 price move prdicted in jnpr options...gonna be some fireworks
[15:55] {Threei}  but larisa... before cauterizing me, could you evaluate the accuracy?
[15:55] {magoo} calls ron?
[15:55] {RonS} castigate
[15:56] {RonS} mags ya take the price of the calls plus the price of the puts nearest strike price
[15:56] {magoo} oy
[15:56] {Threei}  JNPR, if this one get smacked on earnings, it could be total yuck
[15:56] {Threei}  look how it hangs over support
[15:57] {Threei}  Ron... cater your answer so fingers on one hand would be enough to comprehend it
[15:57] {RonS} jnpr got smacked initially on another's earn...
[15:58] {nemo} this closes near the high today we get new high tomorrow, unless Obama really rocks the boat
[15:58] {RonS} supposed to call for 5 yr fed spending freeze...what will be the reaction?  also no more earmarks
[15:59] {nemo} the earmark ban will never happen
[15:59] {RonS} neither will the freeze
[16:00] {nemo} well a freeze means, no further spending above what's already planned, and there is plenty of spending increases already baked in
[16:00] {RonS} that's DC speak...hate it
[16:00] {RonS} maybe O should show up as Mr Freeze a la Arnie in the Batman movie
[16:01] {RonS} spray those bastards frozen...
[16:01] {Threei}  thank you all
[16:01] {Threei}  have a good evening, see you tomorrow
[16:01] {larisa} bye :)
[16:02] {harth} ty cya Wed:)
[16:06] {Threei}  YHOO Reports Q4 $0.26 v $0.22e, R$1.20B v $1.2Be

Monday, January 24, 2011

Jan 24 2011

As you know, I advocate trading reversals on the right side, AFTER actual reversal occurred and not before it did. This requires certain setup, certain chart formation that indicates high probability of trend break.


Here is a little daily SPY chart for those who try to nail the market top. This could be your Double Top setup. Look at the chart attached showing potential double top forming. Notice, FORMING, not FORMED yet - it may or may not shape up, this is just a suggesting what to look for as a confirmation.


We have a first top at 129.64. We have a Doji formed on the retreat from that top, with higher volume than that of the top and low 127.13. We have a bounce that hasn't reached a first top's high yet, and so far shows lower volume than that of a Doji. IF SPY doesn't make new high and loses Doji's low, high odds reversal on daily chart is in play, Nearest strong support is 126



Other than that, about breakeven day. Some morning back and forth, then a few afternoon wins took us to flat and we stayed inactive till the end of the day, not feeling confidence in the direction

Session Time: Mon Jan 24 00:00:00 2011
[08:46] {magoo} morning
[08:48] {Threei}  hey mags
[08:49] {magoo} hi vad
[08:50] {nemo} gentlemen
[08:50] {nemo} birdman
[08:50] {Threei}  captain :)
[08:58] {jfjf64} mornin all
[08:58] {Threei}  jf :)
[09:02] {nemo} any news on clda vad
[09:04] {Threei}  CLDA Announces FDA Approval of Viibryd
[09:05] {dino} gm all
[09:05] {nemo} clda dino
[09:06] {ese} gm
[09:07] {Threei}  dino, ese :)
[09:08] {dino} wow
[09:10] {ese} whats the wow dino
[09:10] {ese} clda
[09:11] {dino} y
[09:12] {dino} was -13 f here this morning
[09:13] {ese} clda:- Announced that the U.S. Food and Drug Administration (FDA) has approved vilazodone HCl tablets, to be marketed under the brand name Viibryd, for the treatment of adults with major depressive disorder (MDD)
[09:13] {ese} hmmmmmmmm
[09:14] {ese} i'm depressed about not being in friday.....and now it's up 10 bills
[09:14] {ese} man just no psychic skills whatsoever.......i can't cope
[09:15] {RonS} gm gents...look at the bright side ese, at least you weren't part of the 3 mil sh short
[09:15] {Threei}  ron :)
[09:15] {Threei}  good point , lol
[09:15] {ese} lol
[09:15] {RonS} good movie...The King's Speech
[09:17] {nemo} sean penn
[09:17] {stewy} good mrning all
[09:17] {RonS} stld should be getting pasted and is not...big earn miss...hmmm
[09:17] {Threei}  stewy :)
[09:20] {larisa} gm :)
[09:22] {Threei}  larisa :)
[09:22] {larisa} vad :)
[09:25] {harth} morning all:)
[09:25] {Threei}  harth :)
[09:27] {Threei}  first trade I look for is SLW short
[09:27] {ese} mrkt tired and overbought imo......MCD beats slightly dn a buck
[09:27] {dino} srx odd
[09:27] {dino} wins 9m fbi job drops
[09:28] {ese} seemed to happen alot last week as well
[09:28] {Threei}  spread is too wide yet and volatilit at the open is of concern
[09:28] {Threei}  other than that, .40 break is tempting short
[09:29] {nemo} what, clda?
[09:29] {Threei}  ?
[09:29] {nemo} oh, mcd
[09:29] {Threei}  ?
[09:29] {Threei}  [09:27] {Threei} first trade I look for is SLW short
[09:30] {Threei} Short Setup: SLW  .40 break
[09:30] {Threei}  if stays under .55
[09:32] {ese} couldn't get in
[09:32] {Threei}  here is second chance
[09:32] {nemo} me neither, BIDU really selling off
[09:33] {Threei}  no go
[09:33] {nemo} no worky
[09:33] {Threei}  too volatile
[09:33] {Threei}  most likely a rinse
[09:33] {ese} i'll say
[09:34] {Threei} Short Setup: LVS  .45 break
[09:34] {Threei}  if stays under .55
[09:34] {Threei}  invalidated
[09:35] {Threei}  let's recalibrate it
[09:35] {Threei}  .60 break
[09:35] {Threei}  if stays under .70
[09:35] {Threei}  invalidated
[09:36] {Threei}  .75 break
[09:36] {Threei}  doji
[09:36] {Threei}  if stays under .85
[09:37] {Threei}  in
[09:37] {Threei}  not a scalp if works
[09:37] {Threei}  1:1
[09:37] {Threei}  cover half
[09:38] {Threei}  stop to .81
[09:38] {Threei}  scalpers win
[09:40] {dino} msb sm l .00
[09:40] {Threei} Short Setup: LVS  .46 break
[09:40] {Threei}  if stays under .10
[09:41] {Threei}  market drops
[09:41] {Threei}  don't ri9nse now
[09:42] {Threei}  held by fingertips
[09:44] {nemo} no nails left
[09:44] {Threei}  still one left
[09:45] {Threei}  grrr
[09:47] {Threei}  X doesn't follow market spike
[09:48] {Threei}  let's let it go over .70, the short cross back if stays under .80
[09:49] {Threei} Short Setup: X  .70 break
[09:49] {Threei}  stop above .80
[09:49] {nemo} in .69
[09:50] {ese} L ms .95
[09:51] {ese} bad fill  wanted .91 it poped up on me
[09:53] {nemo} go long above .80?
[09:53] {nemo} 5 minute chart
[09:53] {Threei}  nope
[09:53] {Threei}  target is about .35, with partials along the way
[09:53] {nemo} bottom here at .68 bids
[09:53] {Threei}  what bids
[09:53] {Threei}  those fake bids?
[09:53] {nemo} yeah, disappeared
[09:54] {Threei}  :)
[09:54] {Threei}  1;1
[09:54] {Threei}  half out
[09:54] {Threei}  stop to .75
[09:54] {RonS} mcp halt
[09:55] {Threei}  1:2
[09:55] {Threei}  1/4 more out
[09:55] {Threei}  stop to .70
[09:55] {jfjf64} very nice
[09:56] {nemo} aig
[09:56] {ese} what are you lookin at dino
[09:57] {Threei}  stop to .65
[09:57] {nemo} dead people ese
[09:57] {Threei}  lol
[09:58] {Threei}  out last piece
[09:58] {ese} ms stopped .80 -.15
[10:01] {dino} not much es
[10:01] {Threei} Short Setup: AIG  .50 break
[10:01] {Threei}  half lot
[10:01] {Threei}  awww... trailed X a bot too tight
[10:02] {dino} ffiv was hopining for 102.70s for gap fill, but not yet
[10:02] {dino} apkt bloody
[10:02] {Threei}  AIG, if stays under .65
[10:02] {dino} 49.05 gap
[10:03] {Threei}  MCP Registers $500M in shares for holders, $172.5M in series A convertible preferred stock - filing
[10:03] {Threei}  sic transit gloria mundi
[10:03] {Threei}  X hit original traget
[10:03] {nemo} illegitimi non carborundum
[10:04] {Threei}  AIG invalidated
[10:05] {magoo} news BIDU?
[10:05] {Threei}  no
[10:05] {dino} all i see is raised to outperform
[10:05] {dino} 138 target
[10:06] {Threei}  yeah, bs upgrade
[10:06] {magoo} bidu dino?
[10:06] {dino} y
[10:06] {magoo} fast and furious this morn, look LVS woulda worked
[10:06] {dino} should have listened to ron on stld
[10:06] {magoo} slw sh
[10:06] {magoo} looks to work
[10:07] {Threei}  yes mags but eventual stup was 46.20 break adn it had too wide stop
[10:07] {nemo} good yiddish word
[10:07] {Threei}  lol
[10:07] {Threei}  setup
[10:08] {nemo} thought you meant shtup
[10:09] {Threei}  EUR/CHF Swiss President: Country to continue supporting the Euro
[10:09] {Threei}  { Swiss President} I always liked the role of Titanic's captain
[10:09] {jfjf64} suicide bomber   russia  airport
[10:10] {nemo} yeah, earlier this morning
[10:10] {Threei}  yeah... one of the busiest
[10:10] {jfjf64} crazy
[10:10] {magoo} suicide bomber was a busy man?
[10:10] {larisa} you think it is funny?
[10:11] {larisa} international terminal too
[10:12] {ese} L ldk.13
[10:12] {nemo} gallows humor lari
[10:12] {Threei}  LVS, looking for long aggressively
[10:12] {Threei}  closer to .60
[10:12] {Threei}  with idea of .80 break in mind
[10:13] {Threei}  and stop under .55
[10:13] {Threei}  .60 break
[10:13] {Threei}  if holding .55
[10:13] {Threei}  nope
[10:14] {jfjf64} weird  mornin
[10:14] {Threei}  very, nothing like we had this whole month
[10:14] {magoo} no, not really, just the  room here hardens u after years
[10:15] {jfjf64} that  explains
[10:15] {jfjf64} lol
[10:15] {Threei}  JPMorgan Chase and Co US Supreme court rejects a lawsuit over credit cards interest rate increases; rules in favor of Chase- Rules that banks do not need to provide written notice before raising interest rates for credit card holders who default on a payment under the regulations that existed at the time of the suit. - Decision was unanimous, overturning an Appellate court decision from 2004 that allowed a class action suit to proceed.
[10:16] {magoo} biounce time X?
[10:16] {Threei}  hmmm
[10:17] {Threei}  no
[10:17] {Threei}  if anything, I'd continue looking for ashort entry on it into bounce
[10:19] {nemo} lvs likely to bounce around here.  Friday low .15
[10:20] {jfjf64} x  read   on  money
[10:21] {Threei}  look at elaboration of previous headline
[10:21] {Threei}  EUR/CHF Swiss President Calmy-Rey: Country to continue supporting the Euro currency as almost 3/4 of reserves are in Euros
[10:21] {Threei}  meaning, "what else do we do"
[10:22] {dino} nowthats funny
[10:22] {Threei}  we already tied our boat to this ship
[10:22] {Threei}  if it goes down, so do we
[10:23] {ese} out ldk .20 +.07
[10:25] {Threei}  ugh
[10:25] {Threei}  just started contemplating X short on .40 recross
[10:25] {Threei}  thing didn't give me much time
[10:26] {nemo} Dino still with us?
[10:26] {dino} y
[10:26] {dino} still fighting a cold
[10:29] {ese} thats a drag......my cold over christmas lasted for a week but the cough lasted for a month
[10:30] {Threei} Short Setup: X  .40 break
[10:30] {dino} yeah, it sucks, but who is john galt
[10:30] {Threei}  if stays under .50
[10:30] {Threei}  target's around .20
[10:31] {Threei}  stop .52
[10:32] {Threei}  no go
[10:32] {magoo} AIG strong
[10:33] {magoo} mcp opened
[10:35] {Threei} Long Setup:  LVS  .40 break
[10:35] {Threei}  if stays above .30
[10:36] {nemo} in
[10:36] {Threei}  1;1
[10:36] {nemo} 1/2 out .50
[10:36] {magoo} in
[10:38] {nemo} vad, could you please find a stock that moves a buck or two in 30 seconds or so
[10:38] {Threei}  sure
[10:38] {Threei}  GOOG
[10:38] {magoo} yes, please
[10:38] {RonS} lol
[10:39] {larisa} moves in your direction or opposite? :)
[10:39] {nemo} blonde?
[10:39] {nemo} or just in spirit
[10:39] {larisa} yes :)
[10:40] {Threei}  no trout?
[10:40] {Threei}  larisa is unusually kind today
[10:40] {Threei}  GOOG is up a dollar since my mention
[10:41] {magoo} NVDA nice chart
[10:41] {magoo} 52 weeker here
[10:42] {RonS} barrons bump...said stock could go +80% from Fri
[10:42] {RonS} hal strong
[10:42] {nemo} spy breaking range
[10:44] {RonS} eur kinda rippin
[10:44] {Threei}  LVS near low though
[10:45] {RonS} that Swiss guy has some real influence...:D
[10:46] {RonS} Halliburton CEO:On Cusp Of 'Major' Upswing In Customer Spending       01/24 07:21 AM
[10:47] {RonS} wow, what a typing mistake...
[10:47] {RonS} have no idea how that happened
[10:52] {nemo} in atpg .51
[10:52] {Threei} Long Setup:  X  .90
[10:53] {Threei}  if holding .80
[10:54] {nemo} 1/2 out .57
[10:56] {nemo} 1/4 more .62
[10:58] {Threei}  nice one
[10:58] {nemo} stop .49
[11:04] {nemo} stop to .64
[11:05] {Threei}  SLW
[11:06] {Threei}  breakout
[11:06] {Threei}  not sure I want it here, watching
[11:06] {Threei}  maybe pullback entry
[11:06] {dino} darn, missed apkt gap fill entry
[11:08] {Threei}  stewy, look dcc
[11:09] {stewy} ok
[11:09] {ese} L aptg .81 kinda thin...bit of a gamble...
[11:10] {nemo} i'm in since .51
[11:10] {dino} was talking about gap earlier, got distracted
[11:10] {ese} nice nemo...just looking for 10/15 cents here
[11:13] {Threei} Short Setup: SLW  .35 if stays under .40
[11:13] {Threei}  hunting for H&S reversal
[11:13] {magoo} be back in hour
06[11:13] * Threei marking the time
[11:14] {Threei}  invalidated
[11:14] {dino} gj nemo
[11:14] {Threei}  short idea is still there as long as .50 is not broken, just looking for different setup
[11:14] {nemo} in nvda .21
[11:16] {nemo} stop .10
[11:16] {Threei} Short Setup: SLW  .35 if stays under .45
[11:17] {ese} out aptg .81 even...not doin it for me
[11:17] {nemo} 1/2 out .31
[11:18] {dino} tzoo, thd
[11:19] {nemo} atpg stop .74
[11:21] {nemo} to .84
[11:21] {ese} nice nemo
[11:23] {dino} thd sm l ..63 ave
[11:23] {Threei}  NVDA 1:2
[11:23] {Threei}  very nice
[11:25] {nemo} not sure where to put stop on that one
[11:25] {nemo} bb avg?
[11:25] {nemo} .34?
[11:26] {nemo} if it forms range here and breaks, add?
[11:26] {Threei}  under .30 I'd keep
[11:28] {Threei}  no, no adding
[11:28] {Threei}  lunch time
[11:29] {nemo} out atpg .84
[11:29] {nemo} last 1/4
[11:29] {Threei}  well, unless a few nice wins come along, I am looking at the first losing day of 2011
[11:31] {stewy} 3i, network crash. Great timing back later
[11:34] {nemo} stop nvda .44
[11:34] {Threei}  almost 1:4
[11:35] {nemo} letting last 1/4 run
[11:35] {nemo} good monday?
[11:35] {nemo} this makes no sense
[11:38] {stewy} .
[11:43] {ese} what nemo
[11:44] {nemo} I'm having a really good day, no losing trades....makes no sense, especially for a Monday
[11:44] {dino} wtg
[11:44] {Threei} Short Setup: NVDA  .50 break if stays under .60
[11:45] {nemo} jeez, now you're gonna make me move my stop up
[11:45] {Threei}  you should anyway
[11:45] {Threei}  .50 is clear support
[11:45] {nemo} yeah .49
[11:45] {nemo} was .44
[11:46] {nemo} out
[11:46] {Threei}  very nice management
[11:46] {nemo} ty
[11:47] {_samster} .
[11:47] {Threei}  watch how your previous stop would have been hit anyway once .50 is lost
[11:47] {nemo} we got a gerbil now?
[11:47] {RonS} lol
[11:47] {nemo} yep
[11:47] {Threei}  here it comes
[11:51] {nemo} got rinsed out of my previous stop ;)
[11:52] {Threei}  how do you figure?
[11:52] {nemo} it's come back now
[11:53] {Threei}  1;1
[11:54] {Threei}  half out
[12:02] {Threei}  scalpers win
[12:06] {nemo} Frickin' computers don't have lunch hours...balderdash
[12:12] {Threei}  magoo has 1 min left
[12:24] {ese} hmmmmm got cut off and couldn't get back......weird
[12:25] {ese} I'm L ldk .39
[12:30] {ese} out ldk .53 +.14
[12:30] {RonS} gj
[12:31] {ese} tks
[12:37] {nemo} oh.....
[12:37] {nemo}  How 'bout those J
[12:37] {nemo} E
[12:37] {nemo} T
[12:37] {nemo} S
[12:38] {ese} Bennie and the Jets?
[12:39] {nemo} Probably Darvon today...no bennies
[12:39] {dino} if they only showed up in the first half, could've won. held pitt to zero pts in second half
[12:40] {nemo} yeah, that rookie center for Pitt was a real liability
[12:40] {dino} yes
[12:42] {RonS} Bears fans burning their Cutler jerseys
[12:44] {Threei} Long Setup:  X  .75
[12:44] {Threei}  if stays above .65
[12:44] {larisa} hey, I am in short, do not do it :)
[12:44] {Threei}  invalidated :)
[12:44] {larisa} just kidding
[12:45] {Threei}  you are in th clear
[12:45] {nemo} .55 long support
[12:45] {larisa} I mean, i am short, but do whatever you like :)
[12:45] {Threei}  but wouldn't you cover it if it went over .75? :)
[12:46] {larisa} probably
[12:46] {nemo} she's in shorts? in this weather
[12:47] {Threei}  lwt me guess - she has heating in her house?
[12:48] {Threei}  nice one larisa
[12:52] {larisa} ty, +30
[12:52] {larisa} now it breaks :)
[12:58] {Threei} Short Setup: CAT  .20
[12:58] {Threei}  if stays under .30
[12:59] {Threei}  larisa, don't tell me you are long CAT
[13:01] {Threei}  (FR) French police disarm explosive device found at Charles De Gaulle airport - Xinhua news
[13:01] {Threei}  sheesh
[13:04] {magoo} back
[13:04] {Threei}  you are kate
[13:04] {Threei}  late
[13:04] {Threei}  almost an hour
[13:04] {Threei}  note from parents, please
[13:05] {magoo} yea, had to take truck to shop
[13:05] {magoo} lost brakes..tricky ride
[13:05] {RonS} change name...Fred
[13:05] {RonS} as in Flintstone...
[13:07] {Threei}  what the deuce today
[13:07] {Threei}  as soon as I get almost breakeven, next trade takes me back in red
[13:07] {nemo} you suck
[13:07] {Threei}  maybe I need to give up and accept a losing day eh?
[13:07] {ese} Ltdk .51
[13:08] {Threei}  for the rest of the week nemo is new leader
[13:08] {nemo} nah, 2-4 you'll get back green
[13:08] {ese} daaaaaaaa make that .52
[13:08] {Threei}  dear leader
[13:08] {Threei}  fearless too
[13:08] {nemo} O.k call the janitor.....here it comes
[13:09] {nemo} how about btu here?
[13:09] {ese} ya know....i'm going to petition the nasdzq to round off trades to at least 25 decimal places........don't you think......one must be acurate now don't you think
[13:09] {nemo} two way?
[13:10] {nemo} .89 vwap
[13:10] {Threei}  short, IMO
[13:10] {Threei}  which means go long today :)
[13:10] {Threei}  costanza trade
[13:13] {nemo} yep
[13:13] {Threei}  see
[13:17] {magoo} i thought ud be like"miss tons of dough magoo" while i was away
[13:17] {Threei}  nope, not today
[13:17] {Threei}  barely trading my way out of wet paper bag
[13:19] {RonS} Rahm Emanuel Kicked Off Chicago Mayoral Ballot by Court Ruling: Report
[13:20] {RonS} guess he forgot the payoff...
[13:20] {dino} good
[13:20] {nemo} dickhead
[13:20] {Threei}  wow, really?
[13:20] {nemo} didn't you know?
[13:21] {Threei}  I missed whole thing... what was the issue with his candidacy?
[13:21] {RonS} residency
[13:21] {nemo} residency
[13:21] {RonS} claimed to live in Chi when in DC
[13:22] {Threei}  hmmm... I can birthers encouraged and going after Obama wioth double energy {G}
[13:22] {Threei}  cam see
[13:22] {Threei}  can see
[13:27] {RonS} lol, just Appellate court...now off to the Illinois Supreme Court
[13:29] {Threei} Long Setup:  RIMM  .25
[13:29] {nemo} rimm?
[13:29] {Threei}  if stays above .15
[13:29] {Threei}  ?
[13:30] {Threei}  why does it amaze you so much?
[13:30] {nemo} haven't heard that name in a while
[13:30] {nemo} or...don't want to hear it
[13:30] {Threei}  lol
[13:30] {RonS} Coststanzaaaaa!!!...
[13:31] {Threei}  if it Festivus yet?
[13:31] {nemo} I'm still trying to get Kwanzaa straight
[13:31] {RonS} for the rest of us?
06[13:32] * nemo slaps RonS around a bit with a large trout
06[13:32] * nemo slaps RonS around with a large "Newman" doll
[13:32] {RonS} went to a guy's house for Christmas party...had lots of outdoor decorations...but had huge Festivus pole...15 ft
[13:33] {RonS} i was the only person there who recognized what it was
[13:33] {Threei}  this doesn't reflect too well on you Ron... sorry to say
[13:33] {RonS} ooof, a Newman doll hurts...
[13:34] {Threei} Long Setup:  BTU  .10 break
[13:34] {Threei}  if stays above 59 of course'
[13:34] {nemo} and if it gets to 69 we have to turn around
[13:35] {magoo} rimm valid
[13:35] {Threei}  yes
[13:35] {nemo} just bounced off 50
06[13:39] * Threei kicks RIMM in the rear
06[13:39] * Threei kicks BTU in the rear
[13:39] {magoo} accidentally hits BTU rear
[13:39] {Threei}  no accidents
[13:39] {Threei}  aimed for both
[13:40] {nemo} CLF
[13:40] {Threei}  ummm... I may have confused BTU's front and rear
[13:40] {Threei}  RIMM 1:1
[13:46] {Threei}  1:2, out
[13:46] {Threei}  BTU going top 1:1 will make me breakeven for the day
[13:47] {Threei}  here here kitty kitty
[13:47] {Threei}  3 more cents
[13:47] {Threei}  2
[13:48] {Threei}  trailing stop to under b/e, don't want to lose on it
[13:48] {magoo} out .47 ty vad rimm
[13:48] {Threei}  welcome sir
[13:48] {jfjf64} TY  Sir
[13:48] {jfjf64} rimm
[13:49] {Threei}  come on BTU
[13:49] {stewy} thks rimm 1:2 got it right
[13:49] {Threei}  1
[13:49] {Threei}  whe
[13:49] {Threei}  outt BTU 1:1
[13:49] {Threei}  finally!
[13:50] {Threei}  toughest day this year
[13:50] {Threei}  but erased stops
[13:51] {magoo} knew u could do it
[13:55] {Threei}  now the question is, relax and be satisfied with flat, or try and get ahead
[13:55] {jfjf64} hmm
[13:55] {jfjf64} careful  mr  TAO
[13:56] {nemo} eeeewwww...that hurt
[13:56] {jfjf64} LOL
[13:56] {Threei}  speaking of which, gues what kschun forgot to read this weekend
[13:56] {jfjf64} jf votes    get  ahead
06[13:57] * Threei slaps kschun around a bit with A Taoist Trader Course
[13:57] {kschun} was sure this one would come LOL
[13:57] {jfjf64} i did  some  readin  this weekend   good  stuff
[13:57] {kschun} did not forget it, but read again all your other stuff, not yet ready for TAO
[13:57] {Threei}  you are never ready for Tao, but Tao is always ready for you
[13:57] {kschun} :-)
[13:58] {magoo} whats this "TAO"? chinese food?
06[13:58] * Threei slaps magoo around a bit with A Taoist Trader Course
[13:58] {jfjf64} you still in  rimm
[13:58] {Threei}  no
[13:59] {Threei}  out at 1:2
[13:59] {kschun} your teaching clips are the BURNER, lot to laugh too :-)
[13:59] {jfjf64} hmm
[13:59] {kschun} Vad just is a funny guy... :-)
[13:59] {nemo} except when it comes to bacon
[13:59] {Threei}  yes, nothing funny about that
[14:00] {jfjf64} imm hungry   blt  sounds  good
[14:01] {kschun} what s the story with vad and bacon?
[14:01] {kschun} RIMM, did reenter at .47
[14:01] {Threei}  ity's a story of enetrnal love
[14:01] {nemo} touchy subject
[14:01] {kschun} not sure about this one...
[14:02] {Threei}  love and suffering
[14:02] {kschun} LOL
[14:02] {nemo} love is suffering
[14:02] {kschun} GOOD POINT NEMO
[14:02] {Threei}  not when the subject of love, bacon in this case, is in uninterrupted supply
[14:02] {nemo} you don't think straight...make terrible decisions
[14:04] {kschun} lol
[14:05] {Threei}  but I need no decisions when it comes to bacon... decision is made once and forever:
[14:05] {Threei}  I eat it on a spot whenever and whever I see it
[14:07] {kschun} BLL seting up nicely, missed it before... not gona chase it. wanted to buy it just above 70
[14:08] {dino} out btu .35, +.35, ty nemo for heads up
[14:08] {Threei}  wtg
[14:08] {nemo} my pleasure
[14:08] {Threei}  I cut it short just to make sure I ginally get out of red
[14:08] {Threei}  finally
[14:09] {kschun} MSI volume - looks like distribution going on
[14:09] {dino} ptt, ttp right vad
[14:16] {nemo} might get a new high today
[14:23] {Threei}  (US) House Majority Leader Cantor (R-VA): There will be no bailout for state governments
[14:27] {jfjf64} watchin  mos  all day cant  gettt pass this  level    
[14:29] {jfjf64} lookss breakdn
[14:31] {ese} I gotta go.....still L ldk see ya tomorow
[14:32] {RonS} cya ese
[14:32] {kschun} quite a lot of stocks breaking down out there
[14:32] {kschun} XLF weak
[14:32] {Threei}  take care ese
[14:33] {stewy} bye ese
[14:35] {kschun} CAM ?j
[14:37] {Threei}  no firm read
[14:41] {RonS} mu
[14:47] {RonS} X acting heavy imo
[14:55] {RonS} silver got hit...shorting slw on a 30 re-test...
[14:56] {RonS} 31
[14:57] {stewy} ron yr tgt is 30?
[14:57] {kschun} Tech stocks holding well in this "pullback"
[14:57] {RonS} nah...dunno...looks like re-test not happening
[15:00] {Threei}  quite disproportional drop SLW
[15:00] {dino}   gj ron
[15:00] {Threei}  very nice
[15:00] {kschun} internals show still space for this market to go down further
[15:00] {nemo} tck dropping
[15:00] {nemo} fcx too
[15:01] {RonS} did not catch it guys...silver lost .30 in seconds
[15:01] {Threei}  idea was great then
[15:01] {magoo} qany read nvda?
[15:01] {magoo} any
[15:01] {nemo} yeah, it broke
[15:02] {Threei}  if pulls back to this support it just broke, grab long
[15:02] {kschun} nvda: in strongest industry sector of the hole day
[15:02] {Threei}  near .70-.75
[15:15] {kschun} ESLRD looks like bottom, however penny stock, will not trade it. was a recent IPO
[15:15] {Threei}  IPO?
[15:16] {Threei}  ESLR was tardunbg for quite a while
[15:16] {Threei}  it just went to crapper recently
[15:16] {nemo} ?
[15:16] {kschun} ah no, sorry, got confused here...
[15:16] {kschun} rigth vad
[15:16] {RonS} x break
[15:17] {kschun} ACE short under .40
[15:27] {RonS} ...is this thing on?
[15:28] {Threei}  {Thing} depends
[15:29] {Threei}  that was good setup actually kschun
[15:29] {Threei}  too bad it got invalidated, but chart was right
[15:29] {kschun} o.k. thanks
[15:30] {kschun} just did not like the volume on the up-move at about 2 p.m.
[15:31] {kschun} when stocks bottom a big volume, and this volume accelerates at up move I don't like to short this kind of action
[15:32] {kschun} bottoming at big volume... sorry
[15:47] {RonS} lvs curious
[15:52] {nemo} vmw after the close
[15:53] {stewy} Ron, Florida's new guv. Scott is keen on casinos.
[15:53] {stewy} He's met with lvs execs already
[15:53] {stewy} this might have some effect?
[15:55] {RonS} ...was talking about the lvs fat finger short dump...
[15:55] {stewy} k
[15:55] {RonS} but the opposite happened w/ whr
[15:57] {nemo} Thank you all,  good night, see you tomorrow, don't let the door hit you in the ass on the way out
[15:58] {nemo} Oh, sorry
[15:58] {nemo} got carried away
[15:58] {nemo} This is Vad's place
[15:58] {nemo} Can I stay?
[15:58] {Threei}  ummm
[15:58] {Threei}  well
[15:58] {Threei}  thank you all
[15:58] {Threei}  have a good evening
[15:58] {Threei}  see you tomorrow
[15:58] {larisa} bye :)
[15:59] {kschun} see you, thanks vad!
[15:59] {harth} ty cya Tues:)
[15:59] {kschun} volume in X
[16:03] {stewy} bye all

Friday, January 21, 2011

Jan 21 2011

The day started somewhat shaky as a few rinses balanced out the wins. Then several winning trades took us in green, and two wins, LVX and X on short side, sealed the deal. Winning streak continues.

Session Start: Fri Jan 21 01:05:45 2011

[08:10] {nemo} The weather outside is frightful...
[08:44] {Threei}  and the market for bears is not delightful
[08:44] {nemo} very nice, bunnies aren't liking it much either
[08:51] {magoo} morning
[08:51] {Threei}  mags
[09:01] {nemo} acor
[09:02] {ese} morning
[09:03] {Threei}  ese :)
[09:04] {ese} morning vad
[09:07] {RonS} hi everyone
[09:07] {Threei}  ron :)
[09:13] {ese} mornin ron
[09:14] {ese} another day anddddddd......certainly more dollars
[09:14] {ese} my positive thought for the day
[09:15] {RonS} could not figure out that retail move yesterday...then ah i heard about dds going reit
[09:17] {RonS} that's why shld and others went nuts
[09:17] {ese} 40 to 44 move......nice little chunk
[09:18] {nemo} TM
[09:18] {nemo} ll.com: UAW may target Toyota for organizing efforts, Detroit News reports
[09:18] {ese} morning nemo
[09:18] {nemo} astute observation...very early for you
[09:19] {ese} somedays
[09:20] {ese} that wjould not be a smart move on the uaws' part during a fragile economic recovery
[09:20] {nemo} it's about political power
[09:20] {stewy} good morning
[09:20] {Threei}  stewy :)
[09:20] {ese} stew
[09:21] {ese}  ya for sure
[09:23] {larisa} gm :)
[09:23] {Threei}  larisa :)
[09:24] {larisa} vad :)
[09:24] {ese} mornin laris
[09:24] {larisa} morning es :)
[09:27] {magoo} vad..whats on your open list
[09:27] {magoo} x lvs
[09:27] {Threei}  I have open list?
[09:27] {ese} what are you stalking this morning vad....usual suspects
[09:27] {magoo} be easier just to type symbols u know
[09:27] {Threei}  not much to stalk, they all applied for restraining order
[09:28] {magoo} if u want any chance of magoo letting u go home early today
[09:28] {nemo} not bad
[09:28] {Threei}  look at SLW, staying in red
[09:28] {Threei}  lol
[09:28] {Threei}  want to short it at first opportunity
[09:28] {Threei}  31 break maybe
[09:29] {ese} lol
[09:29] {ese} ok
[09:29] {jfjf64} mornin  all
[09:30] {Threei}  jf :)
[09:32] {Threei}  LVS, watching for bounce
[09:32] {nemo} U 2?
[09:32] {magoo} X too vad
[09:32] {Threei} Short Setup: SLW  .10 break half lot
[09:33] {Threei}  stop above .25
[09:33] {Threei}  sheesh LVS
[09:33] {Threei}  what was that
[09:33] {magoo} really
[09:34] {nemo} somebody bought shares?
[09:34] {nemo} OP EX Friday...yahoo
[09:34] {Threei}  no go SLW
[09:35] {Threei}  2 cents to 1:1
[09:35] {Threei}  abnormal volatility everywhere
[09:35] {nemo} pot calling the kettle black?
[09:37] {magoo} X vad
[09:38] {Threei}  goes lower IMO
[09:39] {Threei}  LVS, watching got long around .50
[09:39] {Threei}  for long
[09:40] {Threei} Short Setup: X  .50 break
[09:40] {Threei}  half lot
[09:41] {Threei}  1:1
[09:41] {Threei} Long Setup:  LVS  .60 break
[09:41] {Threei}  stop under .50
[09:42] {Threei}  1:1
[09:42] {Threei}  fast and furious everywhere
[09:43] {Threei}  LVS 1:3
[09:44] {Threei} Short Setup: CAT  .60 break
[09:44] {Threei}  half lot of course
[09:46] {Threei}  nah
[09:47] {ese} l bac .53
[09:47] {ese} movin fast
[09:47] {ese} out bac .62
[09:47] {ese} +.09
[09:47] {nemo} wow, that is fast for bac
[09:47] {RonS} nice ese
[09:47] {ese} definitey
[09:47] {ese} sloth usually
[09:48] {ese} surprised me
[09:48] {RonS} v jumpy
[09:49] {ese} quite unusual for a stock thats traded 85 millions shs already today
[09:49] {jfjf64} slw
[09:49] {jfjf64} momo
[09:54] {Threei} Long Setup:  SLW  .70 break
[09:54] {ese} question for someone.....whats the usual tendency for a stock price when the company has just issued or declared a dividend.......positive and up?
[09:54] {Threei}  stop .55
[09:55] {ese} in
[09:55] {ese} .70
[09:57] {nemo} offer .70
[09:58] {nemo} gone
[09:58] {ese} good
[09:58] {dino} down on the payment ese
[09:58] {Threei}  enough games SLW, let's go
[09:58] {Threei}  look at the market
[09:58] {ese} yup
[09:59] {Threei}  take that .70 and run
[09:59] {ese} sheesh
[09:59] {ese} steel toed boot please vad
[09:59] {nemo} need volume to come in
[10:01] {Threei}  no worky
[10:01] {ese} stopped there
[10:01] {ese} .54
[10:01] {Threei}  IMMU Reports Targeted Therapy for Advanced Pancreatic Cancer Improves Survival (3.46, +0.09, 2.67%)
[10:01] {ese} oh ya sure.....
[10:01] {Threei}  sheesh... rinse
[10:02] {Threei}  IMMU reacting
[10:02] {ese} in
[10:02] {ese} .71
[10:02] {nemo} I set stop at .54
[10:02] {ese} out .78
[10:02] {nemo} .77
[10:03] {ese}  auch du miya
[10:08] {Threei}  LVS, looking for short entry
[10:08] {Threei}  .20 break is obviious one but things tend to rinse today
[10:08] {Threei}  if we get lucky enough to get in on bounce around .30, would be safer
[10:09] {Threei}  otherwise, 20 break short
[10:09] {Threei}  with stop above .30 for scalpers
[10:09] {Threei}  .35 day traders
[10:10] {Threei}  1;1 scalpers
[10:10] {nemo} better just scalp today
[10:10] {magoo} anyone know when BIDU reports?
[10:10] {Threei}  definitely is the case so far
[10:11] {nemo} look swings on slw
[10:13] {RonS} go here mags and look it up:  http://tinyurl.com/66k3qul
[10:13] {ese} nemo....was that a buy stop at .54 with slw?
[10:14] {Threei}  stop to .25
[10:14] {nemo} ese, don't know what you're talking about
[10:18] {Threei}  wow X
[10:18] {nemo} yeah
[10:21] {Threei} Long Setup:  X  .15 break half lot
[10:22] {Threei}  no go
[10:22] {Threei}  day traders 1:1 LVS
[10:23] {ese} did you go long at .54
[10:24] {Threei}  1:2
[10:24] {Threei}  finally something works decently
[10:26] {ese} and then exit at .77     if so ....awesome trade
[10:26] {ese} lots of nerve there
[10:27] {stewy} 3i any read on bp?
[10:27] {Threei}  not really
[10:27] {stewy} ok
[10:30] {ese} L sti .65
[10:36] {ese} out sti .82
[10:36] {ese} +.17 ....nice little 2k hit
[10:37] {dino}  cffn? a split?
[10:39] {Threei}  there was some complicated reorganization
[10:39] {Threei}  not sure how to read it
[10:40] {dino} thx can't find much
[10:42] {ese} it's like you said dino......on these gap up days.....it's darn near imposible to find stuff
[10:45] {nemo} in x .08
[10:45] {magoo} funny me too
[10:45] {nemo} 1/2 .25
[10:46] {ese} L axp .05
[10:47] {RonS} fwiw, axp reports Mon ah
[10:47] {Threei}  good one
[10:47] {Threei}  little inverted H&S
[10:47] {Threei}  have a look at yesterday's catch of the day for the closely-looking setup
[10:49] {nemo} out .10
[10:50] {nemo} scalp scalp scalp
[10:50] {Threei}  well, that long green bar was as good signal as they come
[10:50] {ese} tks ron...saw that....i don't plan on hangin in there
[10:51] {ese} during earnings season i usually check breifing . com to see when stocks report
[10:51] {ese} hmmmmm  just got stopped axp .90 -.15
[10:52] {ese} that sucks
[10:54] {jfjf64} mkt  i/cup
[10:54] {jfjf64} spy\
[10:54] {nemo} that big?
[10:54] {nemo} wow
[10:54] {nemo} must have back problems
[10:55] {jfjf64} was  that  fisocious
[10:55] {nemo} ?  fecetious?
[10:55] {RonS} no, discous
[10:55] {nemo} no...I'd say it was more prurient
[11:03] {dino} msb to .25
[11:07] {Threei} Short Setup: X  .80 break
[11:08] {Threei}  invalidated, but...
[11:08] {Threei}  looking for better entry
[11:09] {Threei}  54 vreak
[11:09] {Threei}  break
[11:09] {Threei}  if stays under .10
[11:09] {dino} out msb slipped ave .12, +.62
[11:09] {RonS} gj, never saw entry...
[11:10] {Threei}  in
[11:10] {jfjf64} in
[11:10] {Threei}  1:1
[11:10] {Threei}  half out
[11:10] {dino} right when i logged on
[11:11] {Threei}  stop to be
[11:11] {jfjf64} ty
[11:11] {Threei}  scalpers be happy
[11:11] {jfjf64} my new  wife  happy
[11:14] {Threei}  held by fingertips
[11:15] {Threei}  1:2
[11:15] {jfjf64} be  back  after  lunch
[11:15] {Threei}  1/4 more out
[11:15] {jfjf64} ty
[11:15] {Threei}  finally firmly in green
[11:15] {Threei}  was oscillating between green and breakeven
[11:16] {jfjf64} ditto
[11:16] {Threei}  this one righted things
[11:20] {nemo} funny...doesn't feel like we're up today
[11:23] {dino} ndx is red
[11:25] {dino} anr sm l .75
[11:30] {dino} stop anr -.27
[11:45] {dino} wow anr drop
[11:46] {Threei}  why didn't we re-short X
[12:02] {nemo} aig rebound
[12:03] {dino} calling it a day. thx all. go j e t s !
[12:05] {Threei}  hmmm
[12:05] {Threei}  slacker
[12:08] {ese} ok....i'm liken vmed......right out of the Tape Reading book vad...p125
[12:09] {nemo} X
[12:09] {nemo} broke
[12:10] {ese} L cof .30
[12:12] {ese} and i like cof
[12:17] {nemo} in tna .79
[12:19] {nemo} 1/2 .00
[12:24] {nemo} stop .90
[12:25] {ese} daaaaaaaa....look away for i min.......vmed taking off....missed it
[12:25] {nemo} 1/4 more .10
[12:27] {nemo} stop to .00
[12:34] {nemo} stop last
[12:34] {nemo} 1/2 .20
[12:34] {nemo} 1/4 .30
[12:34] {nemo} I lied
[12:34] {nemo} 3/4 .20
[12:34] {nemo} duh
[12:36] {ese} nice trade nemo......
[12:36] {nemo} ty
[12:37] {nemo} slb short Vad?
[12:37] {ese} you wait for that volume spike at 11:45
[12:37] {ese} before you got in
[12:37] {Threei}  84 break
[12:37] {Threei}  sure
[12:43] {nemo} market turns could be long
[12:45] {Threei}  1;1
[12:53] {nemo} in x .41
[12:54] {magoo} .
[12:58] {nemo} out
[13:05] {ese} out cof .38 +.08     took my 80 bucks and called it quits on that one
[13:15] {Threei} Short Setup: LVS  .90 break
[13:18] {Threei} Long Setup:  X  .25 break
[13:18] {ese} my judgement is poor today.......cof.......daaaaaaa
[13:19] {nemo} frig missed it
[13:20] {Threei}  KVS no go
[13:20] {Threei}  X 1:1
[13:20] {ese} ok........quit while your ahead time for me....cya monday
[13:21] {RonS} cya ese...have a nice weekend
[13:22] {kschun} nice weekend man
[13:22] {stewy} bye ese
[13:22] {Threei}  take care ese
[13:26] {Threei}  LVS rinsed
[13:32] {nemo} 1:2 X
[13:33] {Threei}  out in full
[13:40] {Threei}  1;3
[13:40] {Threei}  oh well
[13:57] {Threei}  grrr LVS
[14:00] {magoo} strange day
[14:08] {kschun} PLT may for a bounce
[14:08] {kschun} but really thin
[14:14] {RonS} a close sub 775 on the .rut puts it on a PnF sell signal for the first time in months
[14:14] {RonS} this would be a trigger for many institutions to step to the sidelines
[14:14] {Threei}  well, maybe it's time
[14:14] {nemo} careful...every time we think there's a major sell signal, we're wrong
[14:15] {Threei}  true
[14:15] {nemo} remember the spring H&S in 2009
[14:15] {Threei}  one of these times it will be right but anyone trying to predict whch time exactly can just roll a dice
[14:15] {nemo} Then there was last January through April...that's it we're dead
[14:15] {nemo} not until 2012...mind you
[14:16] {nemo} Most shorts are now using hemmrhoid pillows
[14:16] {Threei}  all the intellectualizing is as effectve as attempt to change Solar system structure with kitchen spatula
[14:16] {nemo} o.k. Ptolemy
[14:16] {RonS} hey, dino likes that gap talk...i like PnF...to each his own
[14:17] {Threei}  and I just love bacon
[14:17] {nemo} frankly I like TNA hehehehehe
[14:17] {Threei}  pervert
[14:17] {RonS} always liked tna...
[14:17] {nemo} yeah...ROn's a weird one
[14:17] {Threei}  another pervert
[14:17] {nemo} Pot calling the kettle black?
[14:17] {Threei}  but at least now I know why I feel right at home
[14:17] {nemo} speaking of trends, spy just pulled back to it
[14:20] {kschun} SPY short at 128.5 vad?
[14:23] {Threei}  50/50
[14:23] {Threei}  anyone's guess
[14:24] {nemo} What's max pain on the spy
[14:24] {nemo} ?
[14:25] {nemo} $126
[14:26] {RonS} dunno, rarely means anything imo...
[14:48] {jfjf64} ge   look  lower
[14:49] {jfjf64} .85 ??
[14:49] {Threei}  water torture stock
[14:50] {Threei}  our grandkids will consider marriage, and we are still going to sit here and wait for it to set up
[14:50] {jfjf64} lol
[14:51] {jfjf64} but true
[14:53] {jfjf64} slw
[14:53] {jfjf64} read
[14:53] {jfjf64} .10 break
[14:58] {Threei}  toughie
[14:58] {Threei}  I'll stay away
[15:02] {kschun} most different part of all the trading for me is still how to know when to stay away...
[15:03] {Threei}  well... you know there is a course for you to read over this upcoming weeklend
[15:03] {Threei}  it speaks about that in details, among many other things
[15:09] {kschun} o.k. will be done tomorrow.
[15:09] {Threei}  nah, tomorrow you will forget
[15:10] {jfjf64} ???  im waiti  4  name  of course   and author
06[15:10] * Threei slaps jfjf64 around a bit with A Taoist Trader Course
[15:11] {Threei} Short Setup: X  .35 half lot
[15:11] {jfjf64} x
[15:11] {Threei} Short Setup: LVS  .60 break
[15:12] {Threei}  X stop above .50
[15:12] {Threei}  LVS .65 break invalidation
[15:15] {nemo} oh boy tck
[15:15] {jfjf64} in
[15:15] {Threei}  good... let's see if TCK drags X with it
[15:15] {jfjf64} im  lvs
[15:15] {jfjf64} lol
[15:20] {Threei}  can trail a stop to .45 on X
[15:23] {Threei}  1:1 LVS, lol
[15:25] {Threei}  half out X
[15:25] {Threei}  half out LVS
[15:25] {kschun} will not forget it, put an A4 sticker on one of my screens LOL
[15:25] {Threei}  A4 - is it the size that covers whole screen?
[15:26] {Threei}  stop to .40 X
[15:27] {kschun} almost :-)
[15:27] {Threei}  well, don't forget to look at that screen then {G}
[15:27] {kschun} LOL
[15:29] {Threei}  1:2 LVS
[15:30] {Threei}  covering 1/4 more here
[15:30] {Threei}  1:3
[15:30] {jfjf64} lets  go .45
[15:31] {Threei}  not bad for the eod
[15:31] {Threei}  two slowly working ones
[15:33] {jfjf64} .45 eat em
[15:34] {jfjf64} diee
[15:35] {jfjf64} out
[15:35] {jfjf64} hit  button  by  accident
[15:35] {jfjf64} ty
[15:35] {jfjf64} 13 cents
[15:38] {Threei}  good boy X
[15:38] {Threei}  die
[15:39] {Threei}  out last piece LVS
[15:39] {Threei}  .41
[15:40] {jfjf64} nice job
[15:42] {kschun} great stuff man!
[15:43] {kschun} SCCO my best trade on this day. worst was SVIB long.
[15:43] {kschun} besides the VAD-BURNER-TRADES. will not measur this ones...
[15:43] {kschun} those ones
[15:44] {Threei}  LVS even lower
[15:44] {Threei}  og well
[15:44] {Threei}  ok X
[15:44] {Threei}  let's do loooong red bar
[15:44] {jfjf64} k
[15:45] {Threei}  hmmm
[15:45] {Threei}  I think it's color blind
[15:45] {Threei}  it did a long bar but wrong color
[15:46] {kschun} LOL
[15:53] {RonS} "the party's over...turn out the lights..."  c youze monday
[15:53] {nemo} so, so far we've had a 1 day pull back
[15:53] {Threei}  take care Ron, have a good one
[15:53] {Threei}  well, to be fair, today is weak, even though green
[15:53] {jfjf64} later  rs
[15:53] {stewy} c ya Ron
[16:00] {nemo} aig
[16:00] {Threei}  thank you all
[16:00] {Threei}  have a great weekend
[16:00] {Threei}  see you on Monday
[16:00] {larisa} bye! :)
[16:00] {kschun} great weekend to all, great chat!
[16:00] {jfjf64} enjoy
[16:00] {jfjf64} go jets
[16:00] {stewy} enjoy your weekend.

Thursday, January 20, 2011

Jan 20 2011

Beautiful day with one small stop and six much bigger wins. Started with two shorts, switched to long, then whatever came along. Uninterrupted winning streak since Jan 1.


This particular trade is a classic pullback entry. After making a high at $53.50, X pulled back, formed a bottom at $52.90, bounced, retreated and danced a little around $53, creating a low-risk long entry, Notice also a small Inverted Head and Shoulder formed here - I am not a big fan of this formation, but if it appears in addition to other signals, why not use it as supplementary. The profit target was placed near the previous high, considering that lunch time is not very favorable for new highs. X did break higher in a few minutes though.



Session Time: Thu Jan 20 00:00:00 2011
[08:34] {Threei}  *(US) INITIAL JOBLESS CLAIMS: 404K V 420KE; CONTINUING CLAIMS: 3.861M V 3.985ME- Prior Initial Jobless Claims revised lower from 445K to 441K - Prior Continuing Claims revised higher from 3.879M to 3.887M - 4 week Avg claims: 412K v 411K prior
[08:41] {RonS} gm...am i missing something? what's up w/ aig?
[08:42] {Threei}  morning ron
[08:42] {Threei}  American International Group, Inc Files prospectus related to 74.9M shares at $2.50/shr - This prospectus supplement is to be used by American International Group, Inc. (AIG) in connection with the delivery of up to 74,997,777 shares of AIGs common stock, par value $2.50 per share (the Common Stock), upon the exercise of warrants issued by AIG on January 19, 2011 as a dividend to holders of the Common Stock (each, a Warrant and, collectively, the Warrants). This prospectus supplement relates to the shares of Common Stock to be issued by AIG upon exercise of the Warrants from time to time.
[08:43] {nemo} wow nice
[08:43] {nemo} look ffiv Ron
[08:43] {Threei}  so I guess we have an influx of new shares coming in
[08:43] {Threei}  which actually was a given... dunno why market acts surprised
[08:43] {RonS} yep. the cloud has burst.
[08:44] {Threei}  Spot gold dips below $1,350/oz level f(Lowest level since Nov 29th)- The 100-day mvg avg is $1,350.41/oz
[08:45] {nemo} gld took  pasting
[08:45] {RonS} so. who are the cloud guys...rvbd is one...
[08:51] {RonS} check fcx
[08:51] {dino} gm all
[08:51] {Threei}  dino :)
[08:52] {ese} morning
[08:52] {Threei}  ese :_
[08:53] {ese} lots of back pain this morning........kept me up most of the night
[08:53] {nemo} where is the pain ese?
[08:54] {ese} lower back...common place
[08:54] {ese} any suggestions nemo
[08:55] {nemo} Yeah...unfortunately you're 3500 miles away
[08:55] {RonS} fixed position recliner
[08:55] {RonS} best $ i ever spent
[08:56] {nemo} you getting less exercise during the winter, seems that's when you're back flares up
[08:56] {RonS} lay on floor with knees to face stretching the lower back
[08:57] {ese} in december less exercise because of how busy iwas but am back biking a fair amount now
[08:58] {RonS} kneel on floor with hands down also...then arch your back like a cat
[08:58] {ese} whats a fixed position recliner ron
[08:58] {ese} yup......i do those stretches they do work
[08:58] {RonS} will try to find example on net...one minute...
[09:00] {dino} when my lower back hurts i get my daughter to walk on it
[09:00] {ese} that might kill me.....
[09:01] {dino} well, we don't want that
[09:03] {dino} silver hit
[09:04] {RonS} here is an example...not recommending specific product, but you will get the idea:  http://tinyurl.com/6gy6nsg
[09:06] {ese} ahhhhh........have seen those....and we do have a store like that here
[09:07] {ese} tks ron.....am gonna look into this
[09:13] {stewy} good morning everyone
[09:14] {Threei}  stewy :)
[09:14] {ese} stew
[09:17] {dino} watch gaps 1274 s/p, 2288 ndx
[09:17] {magoo} morn:)
[09:17] {Threei}  mags
[09:19] {ese} mags
[09:19] {ese} mos sure kept sliding yesterday huh
[09:20] {RonS} is there any reason not to like fitb short today?
[09:20] {RonS} 15% dilution on stock issuance announced
[09:20] {larisa} gm :)
[09:20] {ese} haven't looked....will check it out
[09:20] {Threei}  larisa :)
[09:20] {larisa} vad :)
[09:21] {magoo} how low FFIV go last nite anyone?
[09:22] {RonS} 105.50
[09:23] {Threei}  SLW and X are my targets stocks for the morning
[09:23] {ese} mine shows 108.60
[09:24] {ese} wow...thats a hair cut though -27.15 so far
[09:24] {Threei}  LVS too, probably rather than X
[09:24] {Threei}  X tends to be abnormally cvolatile first minutes
[09:26] {magoo} ty ron
[09:27] {RonS} np...ebay could rip w/ market help
[09:31] {Threei} Short Setup: SLW  31 break
[09:31] {Threei}  if stays below .10
[09:31] {Threei}  1:1
[09:32] {Threei} Short Setup: LVS  .90 break half lot
[09:32] {jfjf64} mornin
[09:33] {Threei}  hey jf
[09:33] {jfjf64} dont  say  hi
[09:33] {jfjf64} winners
[09:33] {Threei}  1:1
[09:33] {jfjf64} you  cd  be rude
[09:33] {jfjf64} lol
[09:33] {Threei}  I can and will, trust me
[09:33] {Threei}  1:2
[09:34] {Threei}  1:3, out
[09:34] {Threei}  SLW like a stone
[09:34] {magoo} out .66 ty
[09:34] {magoo} missed lvs
[09:34] {Threei}  welcome
[09:34] {Threei}  LVS was actually easier to execute than SLW, lol
[09:35] {nemo} out .52 slw ty
[09:36] {Threei}  wtg
[09:36] {Threei}  wow LVS
[09:36] {Threei}  can I have my short back
[09:36] {magoo} i hit wrong one
[09:36] {dino}  ndx gap filled
[09:37] {Threei}  SLW is not too far behind
[09:38] {Threei}  as far as I am concerned, both shorts were a beauty
[09:38] {magoo} agree boss
[09:38] {Threei}  new bout of selling
[09:38] {magoo} carnage futes
[09:39] {Threei}  X doesn't follow it anymore
[09:39] {Threei}  watching it for bounce
[09:39] {Threei}  half lot, .50 break
[09:39] {Threei}  if holding .40
[09:39] {Threei} Long Setup:  X  .50 break half lot
[09:40] {Threei}  invalidated
[09:40] {Threei}  .40 break
[09:40] {Threei}  if holsding .30
[09:40] {magoo} in
[09:41] {Threei}  1;1
[09:42] {dino} apkt sm l .30
[09:42] {Threei}  1:2
[09:42] {magoo} ouyt .65 TY
[09:42] {Threei}  1:3, out
[09:42] {magoo} NO VAD
[09:42] {Threei}  1;4
[09:42] {magoo} u cant go home he he
[09:42] {Threei}  lol
[09:43] {Threei}  wow
[09:43] {jfjf64} omg
[09:43] {Threei}  can I have my shares back
[09:43] {magoo} crying
06[09:43] * Threei hands magoo a tissue
[09:43] {magoo} ty
[09:44] {Threei}  bunch of numbers at 10
[09:44] {nemo} better give him a towel
[09:44] {Threei}  Phil fed Index, leading indicator fort Dec and existing home sales
[09:45] {Threei}  1 dollar
[09:45] {Threei}  told ya this thing was immenesely volatile at the open
[09:45] {jfjf64} wow
[09:45] {jfjf64} x
[09:47] {magoo} my god,. pass me the banana
[09:49] {ese} that would have been my day right there with x
[09:51] {Threei}  big pullback
[09:51] {Threei}  back to klong idea
[09:52] {Threei}  .10 break
[09:52] {Threei}  1;1
[09:53] {Threei}  second chance entry if missed first, 1:1 too
[09:54] {Threei}  1:2
[09:55] {Threei}  numbers are close, backing off
[09:55] {Threei}  oh and...
[09:55] {Threei}  can I go home?
[09:55] {jfjf64} why
[09:55] {jfjf64} market  has  no  idea
[09:56] {jfjf64} lol
[09:56] {Threei}  4:4 in 25 min... I'd think my job on this planet is done for today
[09:56] {jfjf64} nice   wk
[09:57] {dino} gj
[09:58] {Threei}  ty
[09:58] {RonS} lvs heavy
[09:58] {Threei}  now, to distract you for the next few min while numbers effect passes,
[09:58] {Threei}  http://photography.realitytrader.com/
[09:59] {Threei}  a few fresh shots
[09:59] {Threei}  victorians will recognize this tree immediately
[10:00] {nemo} oh, and here's bunny
[10:00] {nemo} http://www.flickr.com/photos/44905396@N02/5372933578/
[10:01] {nemo} tna betting good numbers
[10:01] {Threei}  (US) JAN PHILADELPHIA FED: 19.3 V 20.8E
[10:01] {Threei}  (US) DEC EXISTING HOME SALES: 5.28M (+12.3% M/M) V 4.87ME
[10:01] {nemo} market shrugging that off
[10:01] {Threei}  US) DEC LEADING INDICATORS: 1.0% V 0.6%E
[10:03] {dino} kbe l .25
[10:05] {nemo} wanna see perfect C&H  tck
[10:06] {Threei} Long Setup:  SLW  .85 break
[10:06] {Threei}  half lot
[10:07] {Threei}  if stays above .75
[10:07] {magoo} SHLD mental
[10:09] {RonS} just sickening:  Wal-Mart Stores Inc. (WMT:$55.82,00$0.7900,1.44%) shares rose 0.8%. The retail giant said it plans to "reformulate" thousands of everyday packaged-food items by 2015 as part of its initiative, urged by First Lady Michelle Obama, to sell healthier and more affordable food.
[10:09] {Threei}  RMBS... rumors of positive court ruling
[10:09] {Threei}  no go SLW
[10:11] {nemo} cree
[10:12] {nemo} bidu climing against  market
[10:20] {magoo} X nuts
[10:20] {jfjf64} yup
[10:20] {jfjf64} watchin
[10:21] {jfjf64} lvs  read??
[10:22] {magoo} im watching it..but no read here
[10:22] {magoo} could lose 45
[10:22] {ese} L cov .95
[10:22] {jfjf64} thinkin  same
[10:23] {jfjf64}   see if  sets  up
[10:23] {jfjf64} lot  shares .10
[10:23] {jfjf64} no  more
[10:23] {jfjf64} lol
[10:24] {RonS} es futes order flow pointing to new low...
[10:25] {magoo} offer .84
[10:25] {ese} ya
[10:26] {magoo} wow its lev 2 moving
[10:26] {magoo} there
[10:27] {magoo} .84
[10:27] {magoo} ty vad
[10:27] {Threei}  hmm?
[10:28] {RonS} 07:57 RonS lvs heavy
[10:30] {ese} cov is about as countertrend as you get ron....i like the way it's fighting the futures....bodes well.....some duffus is buying it somewhere
[10:30] {ese} hey....wha da my saying.......thats me
[10:30] {Threei}  lol
[10:31] {Threei}  LVS looks breakdownish again
[10:35] {magoo} out .58 from .84 ty vad
[10:35] {Threei}  :)
[10:35] {magoo} death chart
[10:35] {ese} which on mags
[10:35] {ese} one
[10:35] {magoo} LVS
[10:35] {Threei}  IMF: Economic pressure in Europe rising; Flexible resources needed for bailout fund- Growth is too slow to create jobs - Greece restructuring not in the country's best interest - Supports longer repayment period for IMF Greece loan
[10:36] {magoo} i shorted our original .05 to .84,, then vad called lower
[10:36] {magoo} took it again
[10:36] {ese} ohhhhh yaaaa....the daily is dangerous
[10:37] {magoo} markets are showing signs of a treend change
[10:37] {magoo} dip buyers will try
[10:37] {ese} smacking dn on 45.........what........5th time now........dun da dun dun
[10:37] {magoo} has been working
[10:37] {magoo} but BUT there is a NEW feel out there
[10:38] {magoo} the darkness is approaching
[10:38] {ese} lol
[10:39] {ese} cool....in touch with the supernatural........
[10:39] {jfjf64} ??  symbol   ESI    i hv  htb  any body  else
[10:40] {RonS} english please
[10:40] {jfjf64} hard  to  borrow
[10:41] {jfjf64} cant  short
[10:41] {jfjf64} im  using  schwab   chuckie  boy
[10:41] {magoo} u in cyber?
[10:41] {jfjf64} yes
[10:42] {magoo} just call chuck ask to borrow
[10:42] {ese} you can just picture this....mags doing Cramers lightning round.......difference being mags gets struck with a real lightning bolt and is standing there on TV all black and blue looking battle hardened.......smoke coming out of his ears and his cape is smoking and almost on fire
[10:42] {magoo} u know, cyber pisses vad off right?lol?
[10:42] {magoo} ROFLOL
[10:43] {magoo} id grab his crameres keyboard and smash it
[10:43] {magoo} jumping on it
[10:43] {ese} lol
[10:44] {magoo} man FFIV may see 105
[10:44] {RonS} or 80
[10:45] {ese} ahhhhhhh there we go......cov to the moon........hey supernatural guy....mags ...look into my future
[10:45] {ese} i'm up .20 so far........
[10:46] {magoo} well, i am superstitious, but supernatural?
[10:46] {ese} give me a target buddy
[10:46] {magoo} 108.58
[10:46] {Threei}  target vuddy? Is it like study buddy?
[10:46] {magoo} THGERE
[10:47] {ese} close eyes....index of both hands up against your forhead........whats in my cov future?
[10:47] {ese} opps....retracement
[10:47] {RonS} as long as it's not butt buddy...
[10:47] {ese} lol
[10:47] {RonS} stec a fork in it
[10:48] {RonS} mos on a falling rock
[10:48] {ese} is it ever
[10:49] {magoo} one of these days we gonna have "flash crash 2"
[10:49] {ese} 13 bills since yesterday
[10:50] {RonS} anyone else have weird quote on aig?
[10:51] {stewy} .
[10:51] {ese} Susquehanna Cuts MOS to Net Neutral from Net Positive .......jeees....like what the heck does this mean
[10:51] {stewy} 3i any read on cat?
[10:51] {RonS} chart shows 51 to 44.50, but quote shows +1.73 at 44.50
[10:52] {RonS} let me guess...Susquehanna wants to be a net company...
[10:52] {ese} ok i'm out 1/2 cov.15 +.20
[10:52] {Threei}  not here stewy
[10:53] {RonS} gj...what the heck do they do?
[10:53] {Threei}  94 break was good short
[10:53] {stewy}  i typed it and it broke. tks
[10:54] {dino} lol susquehanna, nice value added timing
[10:56] {ese} Susquehanna is proof positve that Heinrich Himmler is still alive.....because they've hired him
[10:56] {ese} man how do they think this stuff up.......
[10:57] {magoo} FFIV death 105 is coming
[10:58] {magoo} i shorted it 107.52 to .17
[10:58] {magoo} not for faint of heart tho
[10:59] {magoo} ABC=always banking cash
[10:59] {ese} i'd like to second that statement by mags
[10:59] {magoo} the ABC?
[10:59] {ese} ffiv
[11:00] {magoo} problem is..FFIV if u blew a stop and it reversed hard..DEATH
[11:00] {ese} ABC makes me think of the Jackson Five
[11:00] {RonS} noooo...get it outta my head!!!...
[11:01] {dino} gut on ffiv whoosh to close gap at 102.80 then big bounce
[11:01] {ese} "A B C"...."It's easy as One Two Three"....."ABC one two three Baby you and me"
[11:01] {RonS} dang you ese
[11:02] {ese} damn now i've done.........i've got this tune running through my head
[11:02] {magoo} really, u SOB, now im singin it
[11:02] {RonS} gonna shoot myself to get it to stop
[11:02] {nemo} Little Willie Willie won't go home...
[11:02] {magoo} let nemo shoot u..hes good at it
[11:02] {RonS} lol
[11:02] {ese} lol
[11:03] {magoo} u short FFIV dino?
[11:03] {RonS} Treasury to sell $99 billion in bonds next week      
[11:04] {nemo} cree and mos on same buy program
[11:04] {ese} buy program?.......that might be the funniest thing yet i've heard today
[11:05] {magoo} there real
[11:05] {RonS} he wants to work for Susquehanna...
[11:05] {magoo} their
[11:05] {dino} no
[11:06] {ese} by the way........what has got the mrkt spooked today........I ain't seen/heard/ or read/ anything out of the ordinary
[11:06] {nemo} arm h offer
[11:07] {nemo} armh
[11:07] {ese} Obamas meeting with Hu Jintao......didn't come off as planned ??
[11:07] {nemo} whaddya' think vad?
[11:07] {nemo} gone
[11:07] {nemo} fake
[11:07] {dino} sell the news ese
[11:08] {dino} thats all i can figure
[11:08] {nemo} back
[11:08] {ese} ya...go figur eh
[11:09] {ese} hmmmmmm
[11:09] {Threei}  can't tell, ARMH
[11:12] {dino} anr sm l .00
[11:15] {dino} sm l msb .65
[11:17] {RonS} ese, Hu and the Chinese did get a little confused when Obama flipped on The Who's "Who are you?".
[11:19] {patience} patience is reviewing seasonality rollover charts
[11:20] {RonS} do you use a divining rod?
[11:20] {patience} http://www.timingthemarket.ca/techtalk/2011/01/20/tech-talk-for-thursday-january-20th-2011/
[11:22] {ese} there you have it dino.....from patience post "tech talk"...  Unless fourth quarter results substantially exceed consensus, traders are sellers on news.
[11:23] {ese} you called it
[11:23] {nemo} jeez X
[11:23] {RonS} ya, aapl didn't sell enough...
[11:24] {dino} hmmm]
[11:32] {dino} anr stopped
[11:33] {dino} msb stopped
[11:49] {Threei}  (US) US Rep Hensarling (R-TX) due to bring back a bill that aims to wind down the GSEs - financial press (related FMCC FNMA )
[11:49] {RonS} lvs winding up for a run?
[11:50] {Threei}  looks like,,,
[11:50] {Threei}  not very confident
[11:50] {nemo} tk loos same way
[11:51] {nemo} tck
[11:52] {magoo} reads on X vad/
[11:53] {RonS} mos sm l .40
[11:53] {Threei}  I'd look for long on it mags
[11:54] {Threei}  53 break
[11:54] {magoo} where
[11:54] {magoo} ok
[11:54] {Threei}  stop under .90
[11:54] {Threei}  not a scalp
[11:55] {Threei}  1;1
[11:55] {Threei}  stop to .95
[11:57] {Threei}  1:2
06[11:57] * Threei slaps magoo around a bit with a large roll of cash
[11:58] {dino} msb sm l .25
[12:00] {RonS} Stocks with large percentage call strike moves: X MOS       01/20 09:58 AM
[12:00] {magoo} nice call
[12:03] {RonS} hmmm, someone bought a bull call pread on mos, feb 70-75 15k or $3.63 mil
[12:03] {RonS} they make a similar amount with a mos close no of 75 by feb oe
[12:07] {magoo} vad, where gut feel X headed? .80 area?
[12:07] {Threei}  I doubt it
[12:08] {magoo} new high .65?
[12:09] {Threei}  I'd try to be out around .40
[12:11] {magoo} that was my 3rd possibility...rejectione' at .45
[12:12] {Threei}  you just cound't make my life easier by listing all three allowing me to just type a number
[12:13] {Threei}  but I forgive you... I am kinder and gentlier than usual today,
[12:14] {Threei}  thanks to loonie falling back under parity with USD'
[12:16] {nemo} apkt
[12:17] {nemo} whaddya think Vad?
[12:17] {Threei}  scary one...
[12:17] {Threei}  not bulimic but still very thin
[12:17] {nemo} o.k/  think it goes to 51.50
[12:20] {nemo} stec?
[12:21] {Threei}  28 made sense
[12:21] {nemo} on what?
[12:25] {Threei}  STEC
[12:25] {Threei}  20, sorry
[12:25] {Threei}  I am dixleksic
[12:25] {Threei}  out X
[12:25] {magoo} out .45 TY
[12:25] {Threei}  :)
[12:27] {dino} s/p wants green
[12:37] {dino} sm l rax .00
[12:40] {magoo} X
[12:40] {magoo} near .80
[12:44] {ese} zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz
[12:44] {stewy} c + h on bp?
[12:45] {nemo} 46 break veco?
[12:45] {Threei}  looks like stewy
[12:45] {Threei}  I wouldn't count on much though
[12:46] {Threei}  just a little scalp
[12:46] {stewy} yep playin it that tks
[12:46] {Threei}  VECI
[12:46] {Threei}  yes
[12:46] {Threei}  VECO
[12:46] {Threei}  half lot, thin
[12:46] {nemo} in oops
[12:46] {Threei}  see the spread changing?
[12:47] {Threei}  market should help it, but be careful with these thinnines
[12:53] {nemo} 1/2 .10 from .96   frickin' bloodpressure
[12:54] {nemo} well, I'm down to a half lot ;)
[12:56] {Threei}  nice
[12:56] {nemo} stop under 46
[13:05] {Threei}  CH) Chinese President Hu: Inexpensive Chinese goods have saved the US around $600B over the last decade- World economic recovery has been very, very difficult; many uncertainties remains
[13:08] {nemo} well escaped veco barely
[13:12] {RonS} out mos +.80
[13:14] {ese} nice one ron
[13:15] {RonS} toughie, sm shares wide stop...prob run another $1 by eod
[13:15] {ese} ya....but good patience on that one
[13:19] {nemo} mos right at vwap
[13:24] {stewy} v   spike
[13:24] {Threei}  don't see news
[13:26] {Threei}  wow
[13:26] {Threei}  what the deuce
[13:28] {Threei}  ahha
[13:28] {Threei}  Mastercard Strength in V and MA attributed to Rep Frank comments, noting support for changes in interchange fee proposals in the Dodd-Frank bill- Reminder: on 12/16 Federal Reserve Board of Governors votes unanimously to issue the staff proposal on capping interchange fees; public comment period will last for 60 days
[13:39] {magoo} .
[13:39] {magoo} ..
[13:39] {magoo} ...
[13:39] {magoo} save u guys the effort
[13:40] {Threei}  why are you littering all over the floor
[13:40] {Threei}  janitor frowns
[13:40] {stewy} morse code?
[13:41] {nemo} magspeak
[13:41] {ese} i gotta go....it's choir in 40m........catch you tomorrow.
[13:42] {magoo} bye ese
[13:42] {Threei}  take care ese
[13:42] {RonS} cya ese
[13:42] {ese} cya
[13:43] {stewy} bye gd night
[13:45] {nemo} infa
[13:48] {Threei}  V starts looking like another run is in cards
[13:50] {Threei}  here we go
[13:51] {Threei}  new high
06[13:51] * Threei slaps magoo around a bit with a large trout
[13:52] {kschun} great call man!
[13:55] {Threei}  :)
[13:55] {Threei}  you should have seen this morninbg
[13:55] {Threei}  that was magnificent
[13:55] {kschun} dont start man lOL
[13:56] {Threei}  stocks jumped to get our attention, and asked where to go to please us
[13:56] {kschun} :-) vad :-) LOL
[14:09] {nemo} wow, I guess 1 day is a pullback
[14:10] {Threei}  so far, yes... DJI is about to go green
[14:10] {dino} s/p too
[14:11] {Threei}  yeah
[14:11] {Threei}  even if we end in red,m this staying power is nothing short of amazing
[14:11] {nemo} thank god for POMO
[14:13] {RonS} disgusting imo:  One Day After Securing A Huge Deal With China, Boeing Lays Off 1000 American Workers (BA)
[14:14] {nemo} yeah, because they have to move the factories to china for the deal
[14:14] {dino} green
[14:14] {nemo} if we want them to keep buying debt we'll have to transfer expertise
[14:16] {nemo} funny the pullback brought us back to last Wednesday
[14:17] {RonS} mos ran that other buck...
[14:18] {kschun} SWN at interesting level here
[14:18] {kschun} 0.5 must be taken out for long
[14:18] {kschun} .05
[14:19] {Threei}  a bit too narrow for my taste
[14:21] {kschun} yeah, you are probably right
[14:21] {kschun} business as usual :-)
[14:22] {Threei}  yeah, my wife says it's mymost irritating trait
[14:35] {dino} nemo,pullback to the gaps
[14:35] {nemo} anything specific dino?
[14:37] {Threei}  USD/CNY (US) House members may submit a currency bill on China's Yuan next week
[14:39] {dino} just in rax and msb
[14:42] {jfjf64} back  miss anythin
[14:42] {Threei}  depends on when you left
[14:42] {RonS} uh, jus makin money...
[14:42] {Threei}  speaking of which, what with the habot to leave without asking permission?
[14:42] {Threei}  habit
[14:43] {Threei}  have you seen me ever leaving without asking "can I go home"?
[14:43] {Threei}  who said you can just up and leave
[14:43] {Threei}  I want to see note from parents
[14:43] {jfjf64} lol
[14:44] {jfjf64} yup  ya  right
[14:44] {jfjf64} been  makin  my $  and  runnin
[14:44] {jfjf64} seems  to  be workin
[14:45] {dino} whatever works
[14:45] {jfjf64} very  supestitious
[14:45] {Threei}  meanwhile, good manners would be: made your $, now make some for others
[14:45] {dino} ndx wants green too
[14:45] {jfjf64} jf  always  shares
[14:45] {jfjf64} my  name  not  nemo
[14:45] {dino} corrections in this market only last hours not days
[14:46] {dino} still buy the dips
[14:46] {Threei}  no kidding dino... yesterday was some kind of a fluke
[14:46] {Threei}  just another bear trap
[14:46] {nemo} when you're printing that much money every day, it's inevitable
[14:46] {jfjf64} lol
[14:47] {jfjf64} x  looks  lowe  to  me
[14:47] {jfjf64}   imo
[14:47] {dino} out rax +.60 at .60
[14:47] {RonS} gj
[14:47] {dino} out msb +.75 at ave .00
[14:47] {Threei}  beautiful
[14:48] {dino} thx kindda a slow day for me, picked up a cold
[14:48] {jfjf64} .20 break  holdin  .30
[14:48] {Threei}  just give it to magoo
[14:49] {Threei}  if he humbly refuses a gift, add a flu on top
[14:51] {Threei}  looks right to me jf
[14:51] {Threei}  I'd even take it aggresively
[14:51] {Threei}  wth tighter stop
[14:52] {jfjf64} .25
[14:52] {jfjf64} lol
[14:52] {RonS} x involumedated
[14:52] {nemo} invalidated
[14:52] {jfjf64} y
[14:52] {jfjf64} keep  eye
[14:53] {jfjf64} hmm
[14:54] {jfjf64} all stops  gonna  get  it  here
[14:55] {jfjf64} .24
[15:02] {jfjf64} in
[15:03] {Threei}  .28 in
[15:03] {Threei}  stop above .40
[15:03] {jfjf64} yup
[15:03] {Threei}  .43 actually
[15:04] {Threei}  .42 current high
[15:04] {Threei}  bidding half .15
[15:05] {Threei}  hit
[15:05] {jfjf64} half
[15:05] {jfjf64} out
[15:05] {Threei}  "fiiiish ina baaarrel" (singing to the tune of the Smoke of the Water)
[15:05] {Threei}  of = on
[15:06] {RonS} luv it
[15:06] {jfjf64} 54.00
[15:06] {Threei}  bidding 1/4 more .05
[15:06] {jfjf64} on the  waterrrrrrrrrrrrrrrrrrrrrr
[15:06] {jfjf64} eh  ehh ahhhh
[15:06] {Threei}  hit
[15:06] {jfjf64} out
[15:07] {jfjf64} see  jf  shares
[15:07] {Threei}  lol
[15:07] {Threei}  this is embarassing
[15:07] {Threei}  money should be made that easy
[15:07] {Threei}  shouldn't
[15:07] {Threei}  I can't believe it's legal
[15:08] {jfjf64} all  those  traders  that  went  lomgggggggggggg
[15:09] {Threei}  out last piece
[15:09] {Threei}  .95
[15:09] {jfjf64} you  still in
[15:10] {Threei}  +.33 I think
[15:10] {jfjf64} nice
[15:10] {jfjf64} you dog
[15:10] {Threei}  and X is my bone
[15:10] {jfjf64} yes
[15:10] {jfjf64} great  day
[15:11] {Threei}  one stop on half lot
[15:11] {Threei}  6 wins, slmost all are 1:3
[15:11] {jfjf64} think  bounce  x
[15:11] {jfjf64} ??
[15:12] {Threei}  not sure yet
[15:14] {magoo} kenny rodgers"never count your $$ when sittin at the table"
[15:16] {jfjf64} aig  chart  what  happen  to  that  today
[15:17] {RonS} warrants issued acted like a divvy...no real affect
[15:17] {RonS} effect
[15:19] {nemo} vmw short?
[15:20] {Threei}  probably... keep shares smallish
[15:20] {Threei}  dangerous thing
[15:22] {magoo} sung to journey"the spy in the sky keeps on churningggg...i dont know if were red tomorrowwwwww"
[15:22] {nemo} The WHEEL in the sky
[15:24] {jfjf64} only  thin  RED is  the BERRIES ya  eatin
[15:25] {nemo} stopped...that was fun
[15:26] {jfjf64} slw  time  4  move  higher
[15:26] {jfjf64} ??
[15:26] {magoo} toughie
[15:26] {magoo} dunno jf'
[15:26] {jfjf64} lower
[15:27] {jfjf64} .35
[15:27] {jfjf64} 3 time
[15:29] {jfjf64} set up
[15:29] {jfjf64} .40
[15:29] {jfjf64} ??
[15:30] {Threei}  no read
[15:30] {nemo} and rinse
[15:31] {RonS} v selloff
[15:31] {nemo} that frosts my ass
[15:32] {nemo} not sure where that saying comes from...my mother used it all the time
[15:34] {nemo} off for the day c u
[15:34] {RonS} cya nemo
[15:35] {jfjf64} later
[15:37] {jfjf64} miami  75 degrees
[15:37] {jfjf64} gettin  snow  tonight
[15:37] {jfjf64} i must  be  crazy
[15:39] {Threei}  huh?
[15:39] {Threei}  miami getting snow??
[15:39] {jfjf64} no  new  york
[15:39] {jfjf64} me
[15:39] {stewy} hah!
[15:39] {Threei}  ah
[15:39] {jfjf64} i sd be in  miami
[15:40] {RonS} ...for tax reasons...
[15:40] {jfjf64} whats  temp  in  ya  woods  3i
[15:40] {jfjf64} yes  ron
[15:42] {Threei}  +7C
[15:42] {Threei}  gotta convert to your F
[15:42] {magoo} 4 inches coming here tonite
[15:42] {jfjf64} 70
[15:42] {magoo} day highs next 5 days 15 degrees F
[15:43] {magoo} zero lows
[15:43] {RonS} that might frost your rear, eh, mags?
[15:43] {magoo} lol
[15:43] {magoo} and my mama
[15:44] {RonS} yo mama
[15:44] {RonS} lol
[15:44] {magoo} yo adrain
[15:44] {magoo} asheesh
[15:44] {magoo} adriane
[15:45] {jfjf64} magoo wher ya at
[15:45] {magoo} my desk
[15:45] {RonS} lol
[15:45] {jfjf64} lol
[15:45] {magoo} where u at?
[15:45] {jfjf64} ny
[15:45] {jfjf64} 495
[15:46] {magoo} pennsyltuckey here
[15:46] {jfjf64} witer  sucks
[15:46] {jfjf64} winter
[15:47] {jfjf64} avg  sale ticket   chi/gbay     1000 per
[15:48] {jfjf64} jets/pitt 485 per
[15:48] {jfjf64} bloomberg
[15:49] {RonS} da bears v da cheeseheads
[15:49] {jfjf64} yup
[15:49] {jfjf64} lookin  forwad
[15:49] {magoo} whose home?
[15:49] {RonS} bears
[15:50] {RonS} ...the frozen tundra of Soldier Field...
[15:50] {magoo} whos favored
[15:50] {jfjf64} wiskey not  far  frm solidier field
[15:51] {jfjf64} gbay -3
[15:51] {jfjf64} pitt -3
[15:51] {jfjf64} dogs  4  me
[15:51] {jfjf64} ruf ruf
[15:52] {RonS} ...would love to see cutler blow up...hate that pouty big baby...
[15:52] {jfjf64} lol
[15:52] {jfjf64} he is a moody  SOB
[15:52] {RonS} Mike Marks has done wonders for him though...
[15:52] {jfjf64} BUT some  arm
[15:53] {jfjf64} agree
[15:53] {jfjf64} he  will be  gone  this  year
[15:53] {jfjf64} marks
[15:53] {jfjf64} head coach i bet
[15:53] {jfjf64} jets  off cood  also
[15:55] {jfjf64} good  day  friends
[15:55] {Threei}  thank you all
[15:55] {Threei}  have a good evening
[15:55] {Threei}  see you all tomorrow
[15:56] {stewy} take care all
[15:57] {larisa} bye :)
[15:58] {magoo} bye all, ty
[15:58] {kschun} have a good one, thanks to all!