Sep 13 2011

Somewhat hectic and nervous day where almost no trade was of my favorite kind - low risk, clear smooth sailing to the target. Unlike yesterday, coming out positive was labored and left us feeling not entirely satisfied with how we handled the day. Let's see if we can do it smoother tomorrow.

Session Time: Tue Sep 13 00:00:00 2011
[08:46] {_shaun70} afternoon/morning :)
[08:46] {Threei}  morning shaun
[09:03] {_shaun70} What are you looking at this morning, Vad?
[09:06] {dino} gm all
[09:06] {Threei}  dino :)
[09:06] {Threei}  usual suspects... don't see anything oustanding
[09:06] {Threei}  don't chage colors please, shaun
[09:07] {_shaun70} sorry! thought that was just on my desktop
[09:08] {Threei}  :)
[09:09] {dino} mine too, lol
[09:09] {_shaun70} darn it - greed
[09:09] {_shaun70} oops
[09:10] {_shaun70} green was my favourite colour (fat fingers this morning)
[09:10] {_shaun70} :)
[09:18] {_roger99} gm
[09:20] {Threei}  roger :)
06[09:20] * Threei slaps nemo around a bit with a alarm clock
[09:22] {Threei}  looking at FCX as possible first trade
[09:23] {Threei}  need spread to tighten, and need one of two ranges to form and break: .40 -.50 for short on .40 break, or .50 - .60 for long on .60 break
[09:23] {larisa} gm :)
[09:23] {Threei}  larisa :)
[09:23] {larisa} vad :)
[09:26] {nemo} was thinking tna long, but spy and iwm decided to take off before the bell
[09:27] {Threei}  opening looks very uncertain
[09:30] {Threei}  (GR) Netherlands Fin Min de Jager: Preparing for any possible Greece scenarios; concerned with the state of the economy
[09:30] {Threei}  - An orderly default of a nation would be difficult inside of a monetary union.
[09:30] {Threei} Long Setup:  FCX  .60 break
[09:30] {ese} morning
[09:30] {Threei}  ese :)
[09:31] {nemo} we opened at the weekly pivot points on IWM and SPY looking for weakiness here
[09:31] {Threei}  invalidated for now
[09:31] {Threei} Long Setup:  FCX  .50 break if holding .40
[09:32] {nemo} teleport
[09:32] {Threei}  here it is again
[09:32] {Threei}  nope
[09:33] {Threei}  SLW short was the way to go, as usual, lol
[09:34] {Threei}  hunting for reversal
[09:34] {nemo} pivot .20 fcx
[09:34] {Threei}  SLW rather than FCX
[09:35] {Threei} Long Setup:  SLW  .10 break
[09:35] {Threei}  if holding 39 of course
[09:35] {Threei}  1:1
[09:36] {dino}  07 all red
[09:36] {nemo} fcx
[09:36] {Threei} Long Setup:  FCX  .10 break
[09:36] {Threei}  if holding 41
[09:37] {Threei}  target .35, 2 partials
[09:38] {ese} in
[09:39] {Threei}  volume looks right so far, little help from the market is needed
[09:39] {ese} yup
[09:40] {Threei}  srtoped
[09:40] {Threei}  no help
[09:40] {ese} stoped
[09:41] {ese} -.13
[09:41] {nemo} -.20
[09:41] {nemo} wow, bottom just dropped out of it
[09:42] {ese} went through there in a shot....surprised i got .963487 on that
[09:42] {ese} but whos counting
[09:42] {nemo} hate trades like that to dig out of
[09:43] {ese} ya
[09:45] {Threei} Long Setup:  LVS  47 break
[09:45] {Threei}  stop under .90
[09:45] {nemo} already gone
[09:46] {ese} bout as undecided a start to a day as i've seen.......daaaaa"which way will she go....which way will she go
[09:47] {ese} fcx...bastard
[09:47] {Threei}  anyone caught LVS?
[09:47] {ese} and you inew it was going to happen
[09:47] {ese} not i
[09:47] {nemo} already gone when I brought up the chart
[09:48] {dino} kss sm l .85
[09:49] {Threei}  TZA
[09:50] {Threei}  dive under .50, and will be intersted in long
[09:50] {nemo} no spy ripping
[09:51] {Threei} Long Setup:  TZA  .50 break
[09:51] {Threei}  half lot
[09:51] {Threei}  if stays above .35
[09:52] {Threei}  invalidated for now
[09:52] {Threei}  valid again
[09:52] {Threei}  in
[09:52] {Threei}  sheesh, volatile
[09:53] {Threei}  stop under .25, target .90
[09:53] {Threei}  2 partials
[09:54] {Threei}  no go
[09:54] {nemo} long tna .61
[09:54] {nemo} 1/2 .73
[09:55] {nemo} what a chop fest
[09:55] {nemo} 1/4 more .85
[09:55] {dino} kss to /20
[09:55] {dino} .20
[09:55] {dino} to .25
[09:56] {dino} out.28, +.43
[09:56] {nemo} out last quarter under .60
[09:56] {nemo} chop fest
[09:58] {nemo} no edge, trading at the moment is a crapshoot
[09:59] {dino} odd
[10:00] {Threei}  (US) Sept IBD/TIPP Economic Optimism: 39.9 v 38.0e
[10:00] {ese} L rimm .51
[10:01] {ese} crap out 1/2 .58
[10:01] {ese} stopped balance .49
[10:01] {ese} jeez.......give a person time to think will ya!!!!!!!
[10:01] {Threei}  lol
[10:04] {dino} relaaaaxxxxx
[10:05] {dino} gaps above 11295, 2214, 1185
[10:08] {Threei}  squeeze
[10:08] {Threei}  should pull back veryu soon
[10:08] {Threei}  TZA
[10:08] {Threei}  .50 break
[10:08] {nemo} spy likely to test yesterday's highs
[10:09] {nemo} just a continuation from 3:15 yesterday
[10:09] {Threei}  not yet...
[10:09] {Threei}  backing off
[10:10] {nemo} looking for spy 118.20 then maybe a pullback
[10:10] {nemo} spy at yearly pivot here
[10:11] {Threei}  ok, must be time finally
[10:11] {Threei} Long Setup:  TZA  .50 break
[10:11] {Threei}  stop under .35
[10:12] {dino} 2214 filled
[10:12] {Threei}  1:1
[10:12] {Threei}  1:2
[10:12] {Threei}  stop to .45 if partialing
[10:13] {Threei}  (IT) Italy Deputy Minister: Italy has not asked China for financial help
[10:14] {dino} lol
[10:14] {RonS} so...what have they been doing in the series of meetings since july
[10:14] {Threei}  golf?
[10:14] {Threei}  sightseeing?
[10:14] {dino} playing cards
[10:14] {RonS} they are not O
[10:14] {Threei}  go go girls?
[10:14] {dino} perhaps
[10:15] {dino} spy sm s .65
[10:17] {dino} bstop is .76 fwiw
[10:18] {Threei} Long Setup:  SLW  .55
[10:18] {Threei}  if stays above .45
[10:19] {Threei}  let's make .53 a trigger
[10:20] {dino} whoosh down gut feels
[10:21] {Threei}  invalidated
[10:21] {dino} spy bs to b/e
[10:22] {pragmatic} what does b/e mean ?
[10:22] {ese} L cavm .35
[10:22] {dino} cov .59, +.06
[10:22] {larisa} break even
[10:23] {pragmatic} ahh, thanks
[10:23] {dino} ese, nice caveman
[10:23] {ese} out .1/2 .54 + .19
[10:24] {ese} ya tks
[10:24] {dino} wtg
[10:25] {dino} man that spy is pulp-like today
[10:25] {ese} stop to break even balance
[10:27] {Threei} Short Setup: GLD  .40 break
[10:27] {Threei}  if stays under .55
[10:27] {nemo} huh
[10:27] {nemo} frickin teleported
[10:27] {Threei}  secondasry entry
[10:28] {ese} out cavm full .72
[10:28] {Threei}  wtg
[10:28] {ese} +.37
[10:28] {ese} tks
[10:28] {Threei}  no go GLD
[10:29] {Threei}  (US) House Speaker Boehner (R-OH) rejects Obama's tax increases in the jobs program; says there is a need to find common ground to increase job growth
[10:30] {Threei}  actually, it's tax breaks in that program that I have mor eproblem with
[10:31] {Threei}  (US) Congressional Budget Office (CBO) revises unemployment rate higher, economic growth weaker, 2011 forecast at 1.5%, 20112 growth forecasted at 2.5%
[10:32] {Threei}  - Sees unemployment rate near 9% through 2012
[10:34] {Threei}  whipsaw day so far
[10:35] {Threei}  let's see if we get clearer signal
[10:35] {dino} yeah, sitting here
[10:35] {Threei}  TZA pullback to or just under .50
[10:35] {Threei}  if happens will be interested in entry for bigger trade
[10:35] {nemo} spy at weekly pivot just below vwap, bounce area
[10:38] {Threei}  looks like break for TZA
[10:42] {Threei} Long Setup:  TZA  .80 break
[10:43] {Threei}  stop under .65
[10:44] {Threei}  1:1
[10:44] {Threei}  1:2
[10:45] {Threei}  perfect timing on this pullback
[10:45] {Threei}  blind squirrel you know
[10:51] {Threei}  wow
[10:51] {nemo} crazy stuff today
[10:51] {Threei}  absolutely
[10:52] {Threei}  what the deuce
[10:53] {Threei}  no news for this dump
[10:53] {Threei}  yet
[10:53] {nemo} normal pullback for the daily ranges we've been having
[10:54] {Threei}  well, a bit too sharp and sudden for a purely technical move
[10:54] {nemo} rise of the machines
[10:54] {Threei}  oh boy
[10:54] {Threei}  no this HFT stuff please
[10:54] {nemo} dropped right into the weekly pivot
[11:02] {Threei} Long Setup:  TZA  .20 brewak
[11:03] {Threei}  if stays above 46
[11:03] {dino} cvi sm l .10
[11:03] {Threei}  target 46.80
[11:04] {Threei}  this one is intended to be a day-fixing trade
[11:04] {Threei}  1:1
[11:04] {Threei}  1:2
[11:04] {Threei}  stop b/e for the last part
[11:05] {Threei}  direct hit
[11:05] {Threei}  out in full
[11:05] {Threei}  went into positive for the day
[11:05] {Threei}  whew
[11:06] {dino} cvi stop -.10
[11:06] {nemo} didn't catch it, would have made me positive
[11:06] {Threei}  it gave time...
[11:06] {Threei}  pulled back after initial break
[11:07] {nemo} was .28 when I looked, so thought it was off to the races
[11:12] {dino} cvi sm l .90
[11:17] {ese} am outta here.....have a great day
[11:17] {Threei}  take care ese
[11:19] {dino} cya
[11:19] {Threei}  lol
[11:19] {_roger99} tna
[11:19] {Threei}  just thought of 46.50 being another long trigger for TZA
[11:19] {dino} cvi stopped -.15
[11:19] {nemo} yeah bull flag
[11:19] {Threei}  apparently 3 seconds-long thinking is too long today
[11:20] {Threei}  yes
[11:20] {nemo} yeah, everything is on a hair trigger by the time it reveals itself
[11:20] {Threei}  that's why I prefer panicky market to an uncertain market
[11:21] {Threei}  when market is as hesitant and scared as now, it jumps either way on little or no notice
[11:27] {_roger99} tna  ?
[11:27] {nemo} not yet imo
[11:28] {nemo} close though
[11:29] {Threei}  if pulls back here under .70 will be inetersted in double bottom
[11:29] {nemo} yeah, in this chop would like to see something more confirming
[11:30] {nemo} so that means we won't get it
[11:31] {Threei}  in this chop, I am fine with missing something, rather than jumping onto something I shouldn't
[11:31] {dino} cvi rinsed
[11:31] {RonS} took cvi l .58  out 1/2 .78...letting rest run w/ stop b/e
[11:31] {dino} you dog
[11:32] {RonS} woof
[11:32] {dino} mind sm l .40 thin
[11:33] {dino} kss sm l .75
[11:40] {Threei}  TNA was a good idea roger... just invcredibly hard to find exact entry in this chopfest
[11:40] {_roger99} i see
[11:41] {_roger99} it had a large volume at the bottom
[11:42] {nemo} thing is it's a derivative of IWM
[11:42] {Threei}  true, but you still need a clearn entry signal
[11:42] {Threei}  this kind of drops can continue
[11:42] {Threei}  and ashow another sharpo leg down with even more volume
[11:43] {nemo} here's the funny part, the entry was keyed off of spy when SPY touched a retracement level, both bounced when spy hit that level
[11:43] {Threei}  arbitrary bottom fishing, aka knife-catching..
[11:43] {Threei}  this kind of things is usually obvious only in retrospect nemo... :)
[11:44] {Threei}  I mean, you can see them in advance,
[11:44] {Threei}  but actual trading on them is, well...
[11:45] {dino} difficult?
[11:46] {Threei}  thanks... I was looking for politically correct term for nearly-&*%#@(-impossible
[11:48] {dino} ;)
[11:54] {dino} mhk sm l .75
[12:00] {Threei}  Judge in Pennsylvania has ruled against healthcare reform
[12:01] {Threei}  oh boy
[12:01] {Threei}  look at this
[12:01] {Threei}  (GE) Treasury Sec Geither at EMU meeting said to be planning to propose Germany lessen its opposition to increasing the size of the EFSF fund - financial press
[12:01] {Threei}  - Geither also may request Finland Netherlands and Slovakia lessen their resistance to dealing with the crisis
[12:01] {Threei}  I can't believe it
[12:02] {Threei}  this bonehead seriously thinks he can tell them how to fight their crisis?
[12:02] {Threei}  and propse Germany dig itself even deeper in the hole?
[12:03] {Threei}  OK... my feel is, downward time from this point on
[12:03] {Threei}  looking for TXA pullback for entry
[12:03] {Threei}  TZA
[12:04] {Threei}  now that pervious trade on it took day into green, want to make it seriously positive
[12:08] {Threei}  OK
[12:08] {Threei}  .50 break TZA
[12:09] {Threei}  stop under .30
[12:10] {Threei}  no go
[12:10] {Threei}  may take a few tries
[12:11] {Threei}  keep it to half lot
[12:15] {dino} random dance market
[12:16] {nemo} it double bottomed, now if it breaks .30 or so likely to test highs
[12:19] {larisa} kind of schisophrenic, vad says down, nemo says up and dino says random :)
[12:20] {dino} :D
[12:20] {Threei}  this is called freedom of speech...
[12:20] {Threei}  and pluralism
[12:20] {nemo} just looking at chart
[12:20] {larisa} no, it is called what I called it :)
[12:20] {nemo} choppy action
[12:21] {Threei}  schisophrenic pluralism?
[12:21] {larisa} yes, without "pluralism" :)
[12:22] {Threei}  lol
[12:23] {dino} how about just schiso
[12:23] {nemo} how about schizo
[12:24] {Threei}  {larisa} yes, with "phrenic"
[12:24] {larisa} lol
[12:24] {Threei}  see, I got it :)
[12:24] {Threei}  this SPY pullback,
[12:24] {Threei}  really having hard time telling it's merely a pullback or beginning of downward move
[12:25] {Threei}  it's very murky today
[12:27] {dino} volume dropping off it seems
[12:29] {Threei}  I have this feeling something interesting to come yet today
[12:29] {nemo} slw
[12:31] {dino} something wicked this way comes
[12:31] {nemo} Thank you Mr. Pryce
[12:31] {RonS} yoda
[12:32] {nemo} ?
[12:32] {RonS} convoluted syntax
[12:32] {nemo} title of a movie starrig Jason Robards and Jonathan Pryce
[12:33] {RonS} thought you meant vincent price...
[12:34] {nemo} then I would have spelled it "Price" instead of "Pryce"  funny...vinnie was from Texas
[12:34] {dino} and the tangents begin, lol
[12:35] {Threei} Long Setup:  TZA  .20 break
[12:36] {nemo} too funny, spy walking straight down the weekly pivot
[12:37] {Threei}  SPY loss of 117 is needed to make this trade
[12:37] {nemo} you see the pennant
[12:37] {nemo} ?
[12:37] {nemo} same on iwm
[12:37] {Threei}  yes
[12:38] {nemo} we see the same thing?
[12:38] {dino} we're going up first
[12:38] {nemo} must be schizophrenia
[12:38] {nemo} yeah, I think up also
[12:38] {Threei}  fine, you win
[12:53] {nemo} now vwap and spy are .02 apart, that's boring
[12:56] {nemo} oh..wpp is 117.08
[13:06] {dino} mhk to .05\
[13:06] {dino} to .10
[13:07] {dino} out +.35
[13:07] {Threei}  nice
[13:07] {Threei}  wtg
[13:07] {dino} ty
[13:16] {nemo} I think it gets to Friday high, then we'll see
[13:18] {dino} s/p?
[13:18] {nemo} imo
[13:18] {dino} that would be thursdays gap
[13:18] {nemo} yeah
[13:18] {dino} small one, like .40
[13:19] {dino} i can relate to that nemo, this market has been trading to gaps for months
[13:19] {nemo} maybe with pre/aftermarket data
[13:19] {nemo} the market data is a .90 gap
[13:26] {Threei}  OK, TZA 46 break?
[13:26] {Threei}  you guys tell me, nemo, dino
[13:26] {Threei}  you have better grip on direction today
[13:30] {Threei}  n help whatsoever
[13:30] {Threei} Long Setup:  TZA  46 break
[13:30] {dino} down we go soon, imo
[13:30] {dino} mind stop -.28
[13:31] {nemo} oh, stepped away
[13:31] {Threei}  suuuure
[13:31] {nemo} vwap for tza .24
[13:31] {Threei}  half out
[13:31] {Threei}  stop to .94
[13:31] {Threei}  come on TZA make our day
[13:32] {Threei}  offer 1/4 more here
[13:32] {Threei}  .25
[13:32] {Threei}  stop just unde b/e, and let's see if we can let it ride
[13:32] {Threei}  to .45 at least
[13:32] {nemo} spy probably .15-24 range
[13:32] {Threei}  depending of how it gets there maybe more
[13:33] {Threei}  will try to comment as it moves
[13:34] {Threei}  come on TZA, hold that 46
[13:35] {Threei}  nope
[13:35] {Threei}  OK
[13:35] {Threei}  not bad as it is
[13:35] {dino} hans spike
[13:35] {Threei}  no news for HANS
[13:38] {Threei}  not sure about repeating the entry
[13:38] {Threei}  46 break TZA I mean
[13:38] {patience} in gdx, slw, hgu
[13:38] {Threei}  will refrain
[13:39] {Threei}  SPY can drop or bounce here with 50/50
[13:40] {Threei}  whew
[13:40] {Threei}  glad I stayed away
[13:41] {Threei}  GDX and SLW move nicely
[13:41] {Threei}  good one patience
[13:41] {Threei}  umm... good two
[13:41] {nemo} c&h on iwm and spy 5 min.
[13:44] {Threei}  (GE) German DIW economic research institute to reduce German 2011 and 2012 forecast - German press
[13:45] {dino} idcc sm l .99
[13:45] {dino} kss to .71 thing won't move
06[13:46] * Threei is poking KSS in the ribcage with sharp stick
[13:47] {Threei}  like poking amoeba
[13:47] {nemo} her we go
[13:47] {nemo} here
[13:47] {Threei}  RIMM
[13:47] {Threei}  takeover chatter byIBM
[13:57] {Threei}  (GR) Netherlands Finance Ministry said to see Greek debt default as unavoidable - financial press
[13:57] {Threei}  finally someone said it
[14:04] {dino} somethings not right
[14:04] {dino} stop idcc -.10
[14:05] {dino} kss to .79
[14:06] {dino} out +.04
[14:07] {dino} spy sm s .60
[14:10] {_thomcbell} what is triple long SPX?
[14:13] {dino} sso?
[14:14] {dino} 2x i think
[14:16] {nemo} UPRO
[14:16] {larisa} UPRO SPXU ?
[14:16] {nemo} right
[14:16] {larisa} etfs
[14:18] {nemo} mhhhh, bull flag spy/iwm?
[14:20] {dino} stop spy -.20
[14:25] {nemo} Here's Friday high
[14:28] {dino} hfc l .42
[14:31] {dino} 1185 fri high
[14:32] {dino} hfc to .55
[14:32] {dino} to .62
[14:33] {dino} out .63, +.21
[14:49] {Threei}  TZA, want to see a pullback uner 45 for entry
[14:50] {RonS} ...hearing O tv
[14:52] {Threei}  come on TZA
[14:52] {Threei}  give us entry
[14:52] {nemo} buy the trend line
[14:52] {Threei}  .50 break is a setu yoo, just very risky
[14:52] {Threei}  setup too
[14:53] {Threei}  trend line is very murky
[14:54] {Threei}  should pull back here some more
[14:54] {Threei}  all I want here is one perfect trade, for the day to be complete
[14:55] {nemo} I'll take one to get closer to flat
[14:56] {Threei} Long Setup:  TZA  .50 break
[14:56] {nemo} that's a .30 stop
[14:56] {Threei}  stop undeer .30, target 46.10
[14:56] {Threei}  3 partials
[14:57] {Threei}  sigh
[14:58] {Threei}  oh geez
[14:58] {Threei}  news
[14:58] {RonS} FBN Fox Business Reports That The New York State Attorney General Is Investigating Lehman Brothers' Bankruptcy
[14:58] {Threei}  (EU) Brazil govt official said to state that BRIC nations are in "very preliminary" negotiations to coordinate buys of euro zone sovereign debt - financial press
[14:59] {RonS} ya, that's it...
[15:00] {nemo} who's gonna' buy our debt
[15:00] {Threei}  can you believe this crap news came out jus as TZA started working?
[15:00] {Threei}  and killed our trade
[15:00] {Threei}  market trades from headnline to headline
[15:03] {patience} out slw
[15:06] {Threei}  same scenario as yesterday:
[15:06] {Threei}  china buying italy debtr
[15:07] {Threei}  BRUC buying Euro debt
[15:07] {Threei}  when they run out of alleged debt buyers, what's next?
[15:08] {nemo} Hey, got this vodka made from potatoes in Maine-Cold River...nice flavor
[15:08] {patience} irish vodka?
[15:09] {nemo} Maine...it's a state in the US
[15:10] {nemo} Frickin' price action is like a squirrel that can't get out of the road
[15:10] {Threei}  chop chop chop
[15:10] {Threei}  who has heart to try TZA again?
[15:11] {_thomcbell} yy
[15:11] {nemo} could go to 46
[15:11] {nemo} but spy vwap only .15 away
[15:11] {Threei}  myes, but where is entry
[15:11] {nemo} it would have to be a break, but I ain't being the mole
[15:13] {Threei}  .30
[15:13] {RonS} gnk nuts
[15:14] {nemo} looks more like a DB to go north for spy IWM, but WTFK
[15:14] {Threei}  cangaroo tail TZA
[15:15] {Threei}  .15 - .30
[15:15] {Threei}  out half
[15:15] {RonS} shippers into their gaps
[15:15] {Threei}  stop to .25
[15:15] {nemo} watch spy for bounce at .30...this is nuts
[15:15] {Threei}  (GE) Germany Fin Min Schaeuble: Germany does not want a 'European super state'; Greece can solve its problems by itself - newspaper interview
[15:16] {Threei}  thank you Schaeuble
[15:16] {Threei}  out 1/4 more
[15:16] {Threei}  .72
[15:16] {nemo} ballsy in this crap
[15:17] {Threei}  I knew my trade was there somewhere
[15:17] {Threei}  come 46
[15:18] {Threei}  stop .45 for the last 1/4
[15:18] {Threei}  yes baby
[15:18] {Threei}  out .10
[15:18] {Threei}  +.80
[15:18] {dino} more random dancing
[15:18] {dino} wtg
[15:18] {_thomcbell} molto bene Vad
[15:18] {nemo} that was a dart throw...wow
[15:18] {Threei}  grand mercy
[15:19] {_thomcbell} took it here top of OR on SPY
[15:19] {Threei}  no it wasn't
[15:19] {Threei}  look at the perefect cangaroo tail
[15:19] {Threei}  15:14
[15:19] {nemo} on what time frame
[15:19] {Threei}  1 min
[15:20] {_thomcbell} i use 9:30 to 9:40 when it is this nuts
[15:20] {nemo} on tza?   I don't have that on my chart
[15:20] {Threei}  ??
[15:20] {Threei}  15:13 - 15:15
[15:20] {Threei}  with 15:14 being tail
[15:20] {nemo} nah, not on my chart
[15:21] {nemo} I have a doji, that's about .05 lower than the other candles, but nothing exxagerated
[15:22] {nemo} .03 actually
[15:23] {Threei}  you see these three candles?
[15:23] {RonS} FT: German chancellor warns members of her government to stop speculating about a Greek default, saying the future of the euro is at stake.
[15:23] {RonS} ...this caused the drop imo...
[15:24] {nemo} just sent it to you...I've noticed sometimes my charts are different from yours
[15:24] {RonS} ...this market is murderous w/ these headlines...
[15:24] {nemo} I circled those 3 minutes
[15:24] {Threei}  hey, if my charts lead to such trades, let's use mine! :)
[15:25] {larisa} and dicount all stops ? :)
[15:25] {larisa} +s
[15:25] {Threei}  why?
[15:25] {Threei}  there was clear stop level .15
[15:25] {larisa} you were stubborn today trying to get TZA, admit it :)
[15:26] {Threei}  sure
[15:26] {Threei}  on a sum, it worked
[15:26] {Threei}  and it would have worked even better of not news right when we took the tarde
[15:27] {nemo} get the email yet?
[15:27] {Threei}  yes
[15:28] {Threei}  pretty much what I see, only mine is a bit more zoomed in
[15:28] {nemo} ballsy then because that doji is only .03 below the other candle
[15:31] {Threei}  one more
[15:31] {Threei}  half lot this time
[15:31] {Threei} Long Setup:  TZA  .10 break
[15:32] {Threei}  invaldiated
[15:32] {Threei}  45 break
[15:32] {Threei}  .85 stop
[15:32] {RonS} quote of the day:  Leprechaun's in "VERY PRELIMINARY" talks to throw pots of gold at the European market !!
[15:32] {Threei}  rofl
[15:33] {patience} awesome Ron
[15:33] {Threei}  no go
[15:34] {Threei}  hakf lot was a good idea
[15:36] {dino} gotta hop, bus stop, thx all good day, good time
[15:36] {Threei}  take care dino
[15:37] {patience} back in slw, for a scalp
[15:44] {Threei}  very hectic day
[15:45] {nemo} looks like we might end on the high, another up day tomorrow
[15:45] {Threei}  honestly, not delighted by how we handled it
[15:45] {Threei}  positive but way too nervous
[15:45] {patience} actually had to work at it today...nothing came easy
[15:45] {Threei}  with too many trades and too many misses
[15:47] {Threei}  will make it tiighter tomorrow
[15:48] {nemo} lots of numbers tomorrow
[15:48] {Threei}  in the morning
[15:48] {nemo} yeah
[15:48] {Threei}  hopefull by noon Greece finally announces default and direction defines itself, lol
[15:50] {Threei}  OK guys, done for the day
[15:50] {Threei}  thank you all, take it easy
[15:50] {larisa} bye :)
[15:50] {Threei}  tomorrow will be less tenswe
[15:50] {nemo}  c u
[15:50] {patience} ty vad
[15:50] {Threei}  have a good evening, see you tomorrow
[16:01] {patience} out slw

Sep 12 2011

Nice day with just one small stop and a lot of cool wins. Catch of the Day is this textbook SLW short, chart is pretty much self-explanatory

Session Time: Mon Sep 12 00:00:00 2011
[09:04] {_shaun70} Hello again everyone
[09:04] {Threei}  good morning shaun
[09:04] {Threei}  we just start lifitng our eyelids
[09:05] {_shaun70} Hi Vad - nice to be back with you.  So far I've only been able to make 1 day of my free trial because of travel and funeral :( Good to be back though
[09:05] {Threei}  why don't we just extend it so you can take full advantage
[09:05] {_shaun70} That would be awesome Vad, thanks so much!
[09:05] {Threei}  no problem, that would only be fair
[09:06] {_shaun70} I appreciate it, thank you
[09:06] {Threei}  when system sends youy a notification of trial end, just ignore it
[09:06] {Threei}  your access will stay active
[09:07] {_shaun70} great, thanks :)
[09:19] {dino} gm all
[09:19] {Threei}  dino :)
[09:23] {Threei}  reek 1-Year Debt Yield Hits 108%
[09:23] {Threei}  Greek that was
[09:26] {ese} gm
[09:26] {larisa} gm :)
[09:26] {Threei}  ese :)
[09:26] {Threei}  larisa :)
[09:26] {larisa} vad, ese :)
[09:28] {Threei}  so far I am inclined to start with shorting bounces
[09:28] {Threei}  then we will see what shapes up
[09:29] {Threei}  FCX, possible setup is little range betwen 41 and 41.15, then short of 41 break
[09:30] {Threei}  let this hypervolstility exhaust itself
[09:31] {Threei} Short Setup: FCX  41 break
[09:31] {Threei}  stop above .15
[09:31] {Threei}  1:1
[09:31] {Threei}  like clockwork
[09:31] {dino} gaps 10716, 2044, 1120
[09:32] {Threei}  again, same setup
[09:33] {Threei}  actually, if stays under .10 this time
[09:33] {Threei}  invalidated
[09:34] {Threei}  SLW's turn
[09:34] {Threei} Short Setup: SLW  .35 break
[09:34] {Threei}  if stays under .45
[09:34] {nemo} quite the spread for slw
[09:34] {Threei}  no chance of execution
[09:34] {Threei}  teleported
[09:35] {Threei}  ugh
[09:36] {dino} brk/b flat
[09:36] {dino} nvda positive
[09:36] {dino} idcc pos
[09:36] {Threei}  lol, .20 break was long on SLW... no chance to even type that
[09:37] {Threei}  FCX shapes similarly
[09:37] {Threei} Long Setup:  FCX  .20 break
[09:37] {Threei}  stop under .10
[09:37] {Threei}  1:1
[09:37] {Threei}  half out
[09:38] {Threei}  touched 1:2, I was a bit slow on exit
[09:38] {Threei}  stop .19
[09:38] {dino} 07 all geen,
[09:38] {Threei}  1:2
[09:38] {Threei}  1/4 out
[09:39] {Threei}  stop to .25
[09:39] {dino} gj
[09:39] {Threei}  ty
[09:39] {Threei}  1:3
[09:39] {Threei}  out
[09:39] {Threei}  1:4
[09:40] {Threei}  8% Give U.S. Economy Positive Rating
[09:40] {Threei}  now we know what % of population never comes out from basement
[09:43] {Threei}  watching FCX for double top, if it goes above .40
[09:43] {Threei}  and SLW above .50
[09:43] {Threei} Short Setup: FCX  .40 break
[09:44] {Threei}  1:1
[09:44] {Threei}  things happen fast
[09:44] {nemo} yeah, hard to catch
[09:44] {Threei}  yes, no chasing if missed
[09:46] {Threei}  SLW didn't let us in
[09:48] {nemo} fcx looks long
[09:48] {Threei}  .40 break?
[09:48] {nemo} if we get volume yeah, see it's forming that trend line
[09:49] {nemo} nope
[09:49] {Threei}  lost it
[09:49] {nemo} tza .16
[09:49] {nemo} out
[09:49] {nemo} whoa
[09:50] {nemo} still wild out there
[09:50] {nemo} rinse?
[09:50] {nemo} yep
[09:50] {Threei}  probably...
[09:50] {nemo} might be a hemmrhoid pillow AND helmet day
[09:51] {dino}  sitting....
[09:52] {dino} ndx green
[09:52] {Threei}  nice recovery
[09:53] {Threei}  FCX did it after all, just with different trigger
[09:55] {Threei} Long Setup:  MDCO  .30 break
[09:55] {Threei}  half lot
[09:56] {nemo} wow, liquid stock
[09:56] {nemo} channeling Dino
[09:56] {Threei}  that's why half lot
[09:56] {Threei}  even though stop is fairly tight
[09:57] {nemo} ahhh, what is the stop .19?
[09:57] {Threei}  yeah, under .20
[09:57] {Threei}  lol
[09:57] {nemo} well, that was futile
[09:58] {Threei}  only if you manage to grab last shares at .30 which is highly questionable
[09:58] {Threei}  SPY green
[10:00] {nemo} expect spy to go to .42-60 area
[10:02] {Threei}  looking for TZA entry
[10:02] {Threei}  need pullback, desirably into .60 - .70 area
[10:05] {Threei}  hetting interested
[10:06] {Threei}  half lot long .50 break
[10:06] {Threei}  boy, the speed...
[10:07] {nemo} I think spy goes to that area before tza becomes viable
[10:07] {Threei}  SPY reaks
[10:08] {Threei}  breaks
[10:08] {Threei}  no TZA for now
[10:08] {_shaun70} I have to go chaps. Nice FCX trade - 1 from 1 :)
[10:08] {Threei}  take care shaun
[10:08] {dino} odd day
[10:08] {_shaun70} Cheers Vad :)
[10:11] {dino} qcor?
[10:11] {Threei}  I don't have news for it
[10:12] {dino} sm l .26
[10:13] {RonS} qcor filed 8k today...may be something in it....
[10:14] {dino} stop is lod break
[10:14] {ese} L CFX .61
[10:14] {Threei} Long Setup:  CAT  .50 break
[10:14] {Threei}  half lot
[10:14] {Threei}  if holding .35
[10:15] {ese} kinda one of your types dino
[10:15] {ese} cfx
[10:15] {dino} takeover?
[10:16] {dino} qcor stop -.28
[10:16] {ese} bought another company
[10:16] {nemo} if it drops .35 likely goes under 83
[10:17] {ese} out 1/2 cfx .70 +.09
[10:17] {ese} stopped balance even
[10:19] {dino} qcor sm l .00
[10:22] {Threei} Long Setup:  TZA  49 break
[10:23] {Threei}  1;1
[10:24] {Threei}  stop was under .85
[10:24] {Threei}  1:2
[10:25] {Threei}  at least this one gave time for entry
[10:26] {ese} strong looking to
[10:26] {dino} out qcor .50, +.50
[10:26] {Threei}  wtg
[10:26] {dino} ty
[10:26] {ese} perfect!
[10:26] {Threei}  dino found his victim
[10:26] {ese} finds many victums
[10:27] {Threei}  stalked it and hit it over the head in the dark back
[10:27] {Threei}  alley
[10:27] {ese} yup
[10:27] {dino} lol
[10:28] {Threei}  in total accordance with latest post on educaional blog, read it when morning rush is over
[10:28] {Threei}  http://blog.realitytrader.com/2011/09/trade-what-you-can-read.html
[10:29] {ese} well......my new reality is not much time on the board this semester all......am outta here...cya tomorow
[10:32] {_roger99} fcx
[10:32] {Threei}  looking at it too roger
[10:32] {Threei}  double bottom or breakdown
[10:32] {dino} cya es
[10:33] {Threei} Long Setup:  FCX  .20 break
[10:33] {Threei}  if stays above .20
[10:33] {Threei}  .10 sorry
[10:33] {Threei}  10:33 doji makes this setup
[10:34] {Threei}  target 1:2
[10:34] {nemo} market weakening
[10:35] {Threei}  two partials, half n'half
[10:37] {Threei}  1:1
[10:38] {Threei}  textbook setup, good to see this kind working
[10:39] {Threei}  all elements of legit double bottom
[10:39] {Threei}  BBs, volume, doji
[10:39] {Threei}  and downward tail aftet doji
[10:39] {Threei}  I can't stop marveling, lol
[10:41] {dino} slllaaaaapppp
[10:42] {Threei}  why, oh why...
[10:43] {dino} trying to snap you out of your amazement
[10:43] {Threei}  but I like my delusions
[10:44] {Threei}  I prefer to remain submerged in them
[10:45] {Threei}  larisa won't let me use word panic... dino won't let me stay amazed... where poor peasant to go...
[10:47] {dino} home
[10:48] {RonS} wlt into its gap...
[10:49] {RonS} dragging all coal w/ it
[10:51] {dino} nvda l .00
[10:52] {dino} cat sm l .25
[10:56] {dino} strength brk/b, mtrx, mind, titn, vrsn, giii
[10:57] {dino} nvda
[11:01] {Threei} Long Setup:  TNA  .60 break
[11:01] {Threei}  half lot
[11:02] {Threei}  if stays above .45
[11:05] {Threei}  target .90
[11:05] {RonS} unreal...or maybe too often real...O tv now
[11:05] {_roger99} did u sell any ?
[11:05] {Threei}  1:1
[11:06] {Threei}  half out
[11:06] {Threei}  following standard procedure roger
[11:06] {Threei}  out in full
[11:09] {RonS} O off now
[11:09] {dino} kr l .50
[11:10] {dino} obamination, oblahblah, oconstantcampaigner, shall i go on
[11:12] {Threei}  International Institute of Finance (IIF): Have not seen a casual link between speculation and commodity prices; cautions the G20 against placing restrictions on derivatives trading in commodities such as position limi
[11:12] {Threei}  - Sees risks that restrictions could hurt market liquidity
[11:13] {RonS} wow...gs has been sub 100...uh...is
[11:14] {dino} idcc sm l .70 ave
[11:16] {dino} out nvda .13, +.13
[11:16] {dino} out idcc .00, +.30
[11:16] {Threei}  nice
[11:16] {dino} ty
[11:18] {dino} joyg sm l .50
[11:21] {dino} idcc sm l .77
[11:22] {dino} out .10, +.33
[11:38] {dino} out joyg ..92, +.42
[11:39] {dino} out cat .69, +.44
[11:39] {dino} kr stop -.11
[11:40] {Threei}  LTBR
[11:40] {Threei}  halt
[11:40] {Threei}  strange news
[11:40] {Threei}  - LTBR announced Lightbridge's Malone to Chair WNA's Newly-Formed Fuel Technology Working Group.
[11:40] {Threei}  - As chair of the Working Group, Malone will lead a body of members from industry organizations that include representatives of the world's leading nuclear fuel companies and utilities.
[11:41] {Threei}  so what?
[11:41] {Threei}  I mean, why would it send a stock from 2.90 to 3.56?
[11:41] {RonS} knee jerk short cover?
[11:42] {dino} dk
[11:42] {Threei}  plus very very fat finger
[11:42] {dino} damn out too soon cat, joyg
[11:54] {dino} out mdco .73 ave, +.43, ty 3i for heads up
[11:55] {Threei}  :)
[12:04] {_roger99} Great Job today Three
[12:04] {_roger99} my first day
[12:04] {_roger99} is it always like that ?
[12:04] {Threei}  hmm
[12:04] {Threei}  well
[12:05] {nemo} no
[12:05] {Threei}  I wish I could say yes, but in the fact is, it's only about 4 days out of 5
[12:05] {_roger99} not bad
[12:05] {nemo} Very consistent over time, and he can have some ridiculously long winning runs
[12:05] {Threei}  and sometimes losing clusters
[12:05] {Threei}  but they are much shirter
[12:05] {nemo} longest I've observed is 3 days in a row
[12:06] {Threei}  really?
[12:06] {Threei}  never monitored that :)
[12:06] {nemo} Pretty much...you usually have one once a year sometimes twice
[12:06] {Threei}  sounds good, expecially considering that winning streaks arfe sometimes several weeks in a row
[12:06] {nemo} I'll never forget the Fall of 2008
[12:07] {Threei}  oh yes... that was a beauty
[12:07] {nemo} You whistled through the graveyard as the corpses piled up
[12:07] {Threei}  couple months of no single losing day
[12:07] {_roger99} did u make money Fall 2008  ?
[12:07] {nemo} Yeah, remember come in limit down one morning, wow
[12:07] {nemo} yeah, for 2 months straight not a single losing day
[12:07] {_roger99} wow
[12:07] {Threei}  every day of all that debacle woger
[12:07] {Threei}  we normally do very well on red days
[12:08] {_roger99} i c
[12:08] {Threei}  on green days, we do well if it's back and forth day, with normal volatility
[12:08] {_shaun70} Hello everyone.  Am back.  Have I missed a good morning session?
[12:08] {Threei}  slow gradual climb days are usually ones where we just don't find our plays
[12:09] {Threei}  pretty much shaun... one stop
[12:09] {Threei}  on half lot
[12:09] {Threei}  the rest worked like charm
[12:09] {_shaun70} Awesome!
[12:09] {Threei}  and dino beat the market over the head with a club
[12:09] {_shaun70} Dino-soar :)
[12:10] {Threei}  he does get T-rexy sometimes
[12:10] {Threei}  watching SLW
[12:10] {Threei}  interested in possible breakdown
[12:11] {Threei}  .70 would be a short trigger
[12:11] {Threei}  trying to find a range for stop/invalidation placement
[12:12] {Threei}  so far it's .85
[12:12] {Threei}  but I would be happier with .80
[12:12] {dino} :D
[12:13] {Threei}  let's do it this way
[12:13] {Threei} Short Setup: SLW  .70, if stays under .80 for scalpers, .85 for day traders
[12:13] {Threei}  of course if you like the idea, you can take aggressive entry here with tight stop .86
[12:14] {Threei}  that's discretionary
[12:17] {nemo} .75 trigger?
[12:18] {Threei}  regular trigger is .70
[12:18] {nemo} look bid
[12:18] {Threei}  aggressive is whereevr you chose it to be
[12:18] {Threei}  and .75 with its bid is a good spot
[12:18] {nemo} having said that indexes look like they might firm up a bit
[12:19] {Threei}  well, SLW is not exactly follower of major indices lately
[12:19] {nemo} just sayin'
[12:19] {nemo} .74
[12:22] {dino} szym spike
[12:22] {nemo} 1/2 .64
[12:24] {dino} joyg gap fill
[12:24] {dino} sm l .75
[12:26] {Threei}  zzzzere you go
[12:26] {Threei}  1:1 scalpers
[12:26] {Threei}  1:1 day traders
[12:30] {_roger99} gj Dino on joyg
[12:31] {dino} ty
[12:31] {dino} still in
[12:31] {_roger99} took .25 profit....all out
[12:32] {dino} gj
[12:32] {dino} should've too
[12:35] {dino} retail showing strength
[12:36] {RonS} ha! 3i on stocktwits...tux and pipe and all
[12:38] {Threei}  and you still don't follow me??
[12:38] {Threei}  :)
[12:38] {nemo} http://www.goupstate.com/article/20110912/WIRE/110919948/1088/sports?Title=-Spartacus-star-Whitfield-dies-of-lymphoma-at-39-
[12:39] {RonS} didn't know you were there...somehow popped up on my home page...am now
[12:40] {Threei}  that's because I wasn't, up to this weekend, lol
[12:40] {Threei}  the vortex of social media slowly drags me in...
[12:41] {dino} joyg stop -.25
[12:41] {RonS} now i remember...you popped up because i follow slw and you mentioned it
[12:41] {Threei}  :)
[12:41] {Threei}  SLW is dying nicely
[12:42] {Threei}  1:2 baby
[12:47] {Threei}  out in full
[12:47] {_shaun70} :)
[12:48] {nemo} tna long coming up
[12:48] {nemo} looking for spy to hold .60
[12:51] {nemo} l .96
[12:51] {nemo} out under .85
[12:52] {nemo} if spy looks like it's going to stb, I'm out too
[12:52] {dino} cat sm l .75
[12:53] {nemo} 1/3 @.10
[12:54] {nemo} stop just under be
[12:59] {nemo} bought back .06, full lot
[13:00] {nemo} took it off .19
[13:01] {nemo} not sure yet, still have original stop, but thinking about moving it up to .99
[13:02] {nemo} wow, all of .04
[13:02] {nemo} looking for spy to go to vwap
[13:03] {nemo} took half left at .30
[13:03] {nemo} last partial to go
[13:05] {nemo} stop .14
[13:05] {dino} gs spike
[13:09] {dino} out cat .05, +.30
[13:20] {nemo} might have another long coming if spy holds here
[13:26] {Threei}  Germany Fin Min Schaeuble: There can be no discounts in Greece's austerity programs, government needs to be ready for everything
[13:27] {nemo} tna .06
[13:27] {nemo} stop .under .95
[13:28] {nemo} probably should be under .90, but, don't want to give it that much
[13:28] {nemo} probably should take a tza long as a hedge also ;)
[13:28] {nemo} big bids .94
[13:29] {nemo} oh well
[13:32] {Threei}  - Reiterates current treaties do not allow excluding Greece from the euro zone.
[13:32] {Threei}  lol
[13:32] {Threei}  Greece: oh good, we will do it on our own schedule
[13:35] {Threei}  look at this
[13:35] {Threei}  http://www.bloomberg.com/apps/quote?ticker=GGGB1YR:IND
[13:37] {RonS} ...coming to a U.S. near you...
[13:37] {Threei}  god, I hope not
[13:38] {Threei}  if this happens in US, it's the end of the world as we know it
[13:38] {RonS} yep
[13:39] {dino} joyg sm l .-5% since wed
[13:39] {RonS} -5% since friday
[13:41] {Threei}  always disliked Krugman but after this weekend, I can't stand the guy
[13:41] {dino} disregard post.
[13:46] {dino} gpor sm l ave .40
[13:51] {Threei}  Default rates on student loans said to have risen to near 9% from 7% over the course of 2 years through to Sept 2020 - financial press
[13:54] {dino} nvda l .90
[14:06] {dino} stop gpor -.20
[14:06] {Threei}  (US) Rep Boehner (R-OH) Spokesman: President Obama's tax proposals are not bipartisan, have been opposed by both parties in the past
[14:07] {RonS} hummm, doesn't that make them bipartisan?
[14:08] {Threei}  lol
[14:08] {Threei}  good point
[14:08] {Threei}  I guess they opposed different proposals
[14:11] {Threei}  what the...
[14:11] {Threei}  COUGAR SIGHTING! West Saanich at McTavish.
[14:11] {Threei}  it's 3 min drive from me
[14:11] {Threei}  cougars encroach
[14:12] {Threei}  ok... nemo
[14:12] {Threei}  SPY is about to crash?
[14:12] {Threei}  lose 114 and go into panic mode?
[14:17] {dino} gpor last try sm l .32
[14:36] {Threei}  I don't have any news for this spike
[14:36] {dino} spike
[14:36] {nemo} they're fighting to get it above the bearflag support on the daily
[14:36] {dino} out gpor .74, +.42
[14:37] {dino} out nvda .07, +.17
[14:46] {dino} i said it before and i'll say it again, "odd day"
[14:48] {RonS} this was it i guess...ITALY IN TALKS WITH CHINA INVESTMENT TO BUY BONDS:, ASSETS: FT
[14:49] {dino} you mean china to buy italy, lol
[14:50] {RonS} ...sending marco polo to broker the deal...
[14:50] {dino} check this out, 1st time s/p crossed 1200 was in 1998, we have been in this range for 13 years
[14:56] {Threei}  Chnia President Hu reiterated that China is confident in the euro and will continue to invest in Europe. Note that on July 18th, Italy's Foreign Minister said that he was speaking with China on raising investment in Italy
[14:57] {Threei}  just talks
[14:57] {Threei}  unless China is nowhere as smart as they say it is
[14:57] {RonS} sheesh, so the ft re-circulates a story from july and we get this pop?
[14:58] {Threei}  because the only thing to be confident about Europ is that it's done
[14:58] {Threei}  like a roast after 4 hours in oven
[15:00] {RonS} heard that greece will not replace the euro w/ the drachma, but instead the ouzo...because the only thing left to do will be to drink...
[15:00] {Threei}  makes sense to me
[15:03] {Threei}   guess this headline sent market down:
[15:03] {Threei}  (EU) US Treasury Sec Geithner plans to visit Poliday for a round of Eurogroup meetings on Friday
[15:03] {Threei}  thought of Timmy coming to help Europe killed last hope
[15:09] {dino} i think timmy is going to push them to open up the euro printing presses
[15:12] {Threei}  I doubt they will
[15:12] {Threei}  not because they don't want to, they do
[15:13] {Threei}  but there is no politival appetite for it among the masses, and political cohesiveness in Europe is nowhere near one in US
[15:13] {Threei}  they just won't be able to convince their respective taxpayers to go for it
[15:14] {dino} they don't need the taxpayers, just the politicians
[15:15] {dino} but again, either print or default
[15:15] {Threei}  not Europian situation
[15:15] {Threei}  politicians will be thrown out if try that
[15:16] {Threei}  a lot of opposition parties get huge mileage now by voicing disagreement with printing and bailing out
[15:16] {dino} i understand, but only two ways out imo
[15:17] {Threei}  my strong suspicion is, default it is
[15:17] {Threei}  continuous bailing out and printing requires political unity
[15:18] {Threei}  Europe has not enough of that
[15:18] {Threei}  one of the headlines overnight was:
[15:19] {Threei}  Merkel asked citizens to be patient with Greece
[15:19] {Threei}  think they will? :)
[15:19] {Threei}  or if they agree to be more ptient and require collateral etcm will Greece accept that?
[15:20] {Threei}  they are headed for series of conflicts, and it's not going to be pretty
[15:20] {dino} its an either / or. most likely greece defaults, imo markets have just about priced this in
[15:23] {nemo} no bad news tonight, think tomorrow up day
[15:23] {Threei}  well, this I've no idea how to calculate :)
[15:23] {Threei}  I mean the "market priced it in" part
[15:23] {nemo} call Magoo, he'll know how to do it
[15:24] {dino} coin toss nemo
[15:24] {nemo} what, on Magoo?
[15:24] {Threei}  magoo, maybe... he calculated once how to divide a bottle of vodka by three drinkers without measurement
[15:24] {dino} no, thats how he'd do it, a ceasars casino coin
[15:25] {nemo} dcc dino
[15:25] {Threei}  know the sound liquid makes if you turn the full bottle upside down?
[15:25] {nemo} yeah, none if it's really full
[15:25] {Threei}  well, slight incline
[15:25] {Threei}  to let the air out
[15:25] {nemo} o.k.
[15:26] {Threei}  bottle of vodka makes 21 of such sounds till empty... 7 in each glass, and you get perfetc division {G}
[15:26] {dino} lol
[15:26] {nemo} dcc again, dino, sorry
[15:28] {nemo} So. Larisa, close in the green?
[15:29] {larisa} do not care today :)
[15:29] {nemo} valium?
[15:30] {larisa} a lot
[15:30] {nemo} whites, yellows, blues, or reds?
[15:31] {dino} oh, btw. j e t s. sneaked out a victory last night
[15:31] {nemo} yeah, we talked about Romo last week, but....Burress is going to be a matchup nightmare
[15:32] {dino} looked good last night, guy is huge 6'7" i think
[15:32] {nemo} 6' 5"
[15:32] {nemo} you see him level that defensive back...ow
[15:33] {dino} yeah, some (as mr t would say) pain
[15:33] {nemo} revamped Pat's D tonight
[15:34] {dino} you should blow miami away
[15:34] {nemo} one would think, but the offensive line is iffy
[15:34] {dino} back in 15, bus stop calls
[15:34] {Threei}  so, valium explains why larisa let me get away with "panic and crash" comments today?
[15:34] {RonS} the pats better run it, elvis & austin are gonna pancake brady
[15:36] {nemo} probably running and screens early
[15:36] {nemo} get them to back off
[15:37] {nemo} Right tackle will be the rookie tonight and the right guard is great but new
[15:38] {RonS} austin is a rookie but he really already knows how to get to the qb
[15:39] {Threei}  Euro vs US Dollar Extending gains above $1.36 following financial press report of Italy-China talks on Italian govt bonds
[15:39] {Threei}  yeah, that's what theya ttribute the bounce to
[15:43] {RonS} idiot here nemo, was talkin broncos...had no idea there are two games tonight
[15:43] {RonS} ugh, raiders...
[15:44] {nemo} yeah, I was wondering
[15:51] {Threei}  hope springs eternal, eh?
[15:52] {Threei}  going green on hopes China rescues EU?
[15:52] {Threei}  lol
[15:53] {nemo} no, this is technical run to the pivot points
[15:59] {Threei}  thank you all
[16:00] {Threei}  have a good evening
[16:00] {Threei}  see you tomorrow
[16:00] {larisa} bye :)
[16:01] {patience} ty Vad

Sep 09 2011

As a continuation of the SPY series, let me post a screenshot instead. If you watched those videos you'll see clearly all the elements we discussed earlier: ascending channel of bear flag, hypothetical Head and Shoulders (very ugly), volume increasing on red days, and ~110, which if broken - oy.

Even though we got the the direction of the market right today, actual plays somehow didn't come together well. Ended slightly negaive


Session Time: Fri Sep 09 00:00:01 2011
[08:28] {_thomcbell} resilient
[08:29] {Threei}  good morning to you too
[08:30] {Threei}  CME said to raise gold margins again; effective after close on Monday, Sept 12th - financial press
[08:30] {Threei}  **Reminder: ahead of the NY morning Spot gold sold-off lower by over $50/oz from earlier highs of $1,886/oz
[08:31] {Threei}  they are running out of ways to stop gold, lol
[08:48] {Z} good morning threei, nemo
[08:48] {Threei}  Z :)
[08:48] {nemo} grrrrrrr
[08:48] {Threei}  hmmm
[08:48] {Z} wow what a game last night huh nemo
[08:48] {Threei}  that's how nem usually says hello
[08:48] {Z} nice opening night
[08:49] {Z} lol
[08:49] {nemo} didn't get to see it, unfortunately  FWB management
[08:49] {Z} ahh
[08:49] {Z} bacon topped wheaties this morning three?
[08:51] {Threei}  what do wheaties have to do with food...
[08:51] {Threei}  there is no protein in them
[08:51] {Z} haha, u got a point there, taste like styrofoam
[08:51] {Threei}  and no protein
[08:52] {Z} how about muesclix (spelling?)   ?
[08:52] {Threei}  no idea what that is
[08:52] {Z} a strange cereal
[08:52] {Z} strangest name anyway
[08:53] {nemo} muesli
[08:53] {nemo} Swiss Granola
[08:53] {Z} oh is that what it is?  never knew just have seen it at the grocery store
[08:54] {Z} hey nemo, i think the colts may not win 5 games this year now without manning lol
[08:54] {Threei}  I don't normally walk the cereal isle, so never saw it
[08:55] {Z} with 3 kids, spend too much time on the cereal isle myself
[08:56] {Threei}  yikes
[08:56] {Threei}  http://allstarcharts.com/wp-content/uploads/2011/09/9-9-11-Median-Single-Family-Home-Price-in-Gold.jpg
[08:57] {Z} what a waste of a speech by obama
[08:58] {Z} aren't they all...
[09:00] {Threei}  (EU) ECB's Chief economist Stark planning to announce retirement after the close of German markets today, citing conflict within the ECB over bond purchases
[09:00] {Threei}  - financial press- Follow up: ECB has no comment on reports concerning ECB's Stark
[09:01] {_thomcbell} 117.66 is 3 day trailing pivot and 50% retrace - also in the gap between the 6th and 7th - bottom of gap 117.20
[09:02] {_thomcbell} SPY
[09:06] {_thomcbell} will be 3 gaps in 4 days - island below island above
[09:08] {dino} gm all
[09:09] {Threei}  dino :)
[09:09] {Z} gm
[09:09] {dino} :)
[09:09] {RonS} gm everyone
[09:09] {Threei}  ron :)
[09:13] {Threei}  Euro is taking another hit
[09:14] {Threei}  Greece default is looming large
[09:14] {RonS} yesterday read that grek cds pricing 90% probability of default
[09:14] {RonS} greek
[09:14] {Threei}  so, they are underpricing it still
[09:15] {Threei}  by 10%
[09:15] {dino} saw that too ron, but i think you mean geeks
[09:15] {RonS} tzoo...wild card of the day
[09:15] {dino} takeover rumors
[09:15] {Threei}  LULU will be volatilie too
[09:16] {RonS} tzoo stocktwits says its from a two week old fake company...for $40
[09:19] {dino} cyber, going private may be hoax
[09:20] {Threei}  hmm
[09:20] {Threei}  this is a website of a company making an offer:
[09:20] {Threei}  http://www.chapave.com/
[09:21] {Threei}  do you feel convinced?
[09:21] {larisa} gm :)
[09:21] {Threei}  larisa :)
[09:21] {larisa} vad :)
[09:22] {RonS} lol...one guy said his second grader could produce a better front page...
[09:24] {Threei}  amazing
[09:25] {Threei}  study the mechanism of news dissemination, prepare news release that doesn't raise suspicion right away, buy shares, publish fake news, sell
[09:25] {Threei}  if they took a few days more to produce more convincingly looking website, could fool others a bit longer
[09:28] {RonS} kr smacked for beating...
[09:28] {Threei}  Ron... just think how this sounds for a non-trader... :G}
[09:29] {nemo} as Ron sits there in his wifebeater tank top
[09:29] {dino} lol
[09:29] {RonS} lol nemo...wish it was that warm...
[09:29] {nemo} wuss
[09:30] {Threei} Short Setup: SLW  .80 break
[09:30] {nemo} no way
[09:31] {Threei} Short Setup: RIMM  .20 break
[09:31] {Threei}  SLW invalidated
[09:31] {Threei}  RIMM{ looking for diff trigger
[09:32] {Threei}  .25 break
[09:32] {Threei}  stop above .35
[09:32] {Threei}  no go
[09:33] {nemo} watch .60 area
[09:33] {nemo} short .48
[09:34] {nemo} out above .50
[09:34] {nemo} 1/2 .36
[09:34] {Threei}  FCX
[09:34] {Threei}  if bounces to about .50
[09:34] {nemo} stob be adding below .35
[09:34] {Threei}  should be a short around there
[09:35] {nemo} bid pulled @.35
[09:35] {nemo} 1/2 second
[09:35] {Threei}  .50 break fcx
[09:36] {Threei}  if stays under .60
[09:37] {dino} 11139 filled, 2167 open ndx
[09:37] {nemo} took more rimm .23
[09:37] {nemo} add below .20
[09:38] {nemo} still half original
[09:38] {Threei}  out FCX
[09:39] {Threei}  one entry too early
[09:39] {nemo} added rimm
[09:39] {nemo} half next .ot .09
[09:40] {Threei}  same thing with FCX
[09:40] {Threei}  rinse
[09:40] {nemo} 1/4 more rimm .94
[09:41] {Threei}  TZOO is getting smacked
[09:41] {nemo} rimm if it dorps the bid
[09:41] {nemo} added
[09:42] {nemo} out rimm
[09:42] {nemo} wow, did that one give perfect levels to play
[09:45] {Threei} Long Setup:  FCX  .20 break
[09:46] {dino}  mw sm l .48
[09:47] {Threei}  invalidated
[09:47] {dino} mhk sm l .85
[09:49] {Threei} Long Setup:  FCX  43 break
[09:50] {Threei}  stop is obvious
[09:50] {Threei}  target .35
[09:50] {Threei}  3 partials
[09:51] {dino} brk/b sm l .47
[09:53] {Threei}  let's scratch FCX
[09:54] {Threei}  something isn't right
[09:54] {nemo} if it drops support not until .35
[09:54] {dino} 07 all green
[09:55] {Threei}  1:1
[09:55] {Threei}  shrug
[09:55] {Threei}  not feeling it today
[09:57] {nemo} took .11
[10:01] {dino} out brk/b .87, +.40
[10:02] {nemo} 1/2 out .20
[10:02] {nemo} wtf
[10:02] {nemo} stop to .08
[10:03] {nemo} should probably have it at .06
[10:03] {Threei}  (GR) Canada Fin Min Flaherty: Greece leaving the EMU is a possibility; Greece must keep cutting or may need to leave the EMU
[10:03] {RonS} wholesale inventories came in at highest ratio since oct 10
[10:04] {nemo} I'll add if it breaks .21 on volume
[10:04] {nemo} bought some .22
[10:05] {dino} titn sm l .01
[10:06] {nemo} I'm out not liking it
[10:06] {nemo} dumb, look offer .30
[10:09] {Threei} Short Setup: SLW  .20 break
[10:10] {Threei}  invalidated
[10:21] {Threei} Long Setup:  TNA  .70 break
[10:21] {Threei}  if stays above .55
[10:22] {Threei}  (UK) UK Govt confirms opposition to any financial transactions (Tobin) tax
[10:22] {dino} good
[10:22] {nemo} so Europe institutes one and all the volume goes to the UK and US
[10:23] {Threei}  good
[10:23] {Threei}  idiots must be opunished
[10:23] {Threei}  1:1
[10:23] {Threei}  1:2
[10:24] {Threei}  out in full
[10:25] {nemo} I'm holding for the highs
[10:25] {nemo} oh jeez...channeling Magoo...that's no good
[10:25] {RonS} ty 3i...+.28
[10:25] {Threei}  welcome
[10:25] {Threei}  nemo, you have a good buffer from couple morning wins
[10:25] {nemo} yeah
[10:25] {Threei}  I don't
[10:26] {nemo} you see that offer go on tna
[10:26] {Threei}  so, you are in good position to give it more room
[10:26] {nemo} alright out
[10:26] {Threei}  wtg
[10:26] {nemo} spy at yearly pivot
[10:26] {nemo} ty
[10:27] {nemo} mmmmhhhh, day high next buy point if spy follows
[10:27] {nemo} o.k. .43
[10:27] {nemo} stop .39
[10:28] {nemo} 1/2 .55
[10:28] {nemo} I'm probably pushing my luck
[10:28] {nemo} stop is still .39
[10:29] {Threei} Short Setup: FCX  .80 break
[10:29] {dino} kr sm l .74
[10:30] {nemo} took .86 long on fcx
[10:30] {nemo} 1/4 more tna .68
[10:30] {dino} up we go
[10:30] {dino} brk/b sm l .50
[10:31] {nemo} out fcx
[10:31] {Threei}  not a scalp
[10:32] {Threei}  has potential to cascade like Niagara
[10:32] {Threei}  combined with Victoria
[10:32] {dino} wtf air pocket
[10:33] {nemo} out buy the new low program
[10:34] {Z} .95 stop? fcx?
[10:34] {Threei}  above .90
[10:35] {Threei}  die already FCX
[10:36] {Threei}  nah
[10:42] {Threei} Long Setup:  RIMM  .75 break
[10:42] {Threei}  if stasy above .65
[10:43] {_thomcbell} vad that gap low not bothering you?
[10:43] {Threei}  ?
[10:43] {_thomcbell} yesterday low
[10:44] {_thomcbell} rimm
[10:44] {Threei}  no
[10:44] {Threei}  why would it
[10:44] {Threei}  if anything, it will add fuel when broken
[10:44] {Threei}  RIMM moves with SPY
[10:45] {_thomcbell} ok
[10:45] {Threei}  SPY pulls back, RIMM doesn't work
[10:45] {RonS} rimm sucks
[10:45] {_thomcbell} was support for 2 days in a row
[10:45] {Z} rimm is not in your favor at all lately three
[10:45] {Threei}  sure if you are not in the room when we profit from it
[10:46] {Z} 1 time yesterday?
[10:46] {Threei}  OK, you wqin
[10:46] {Threei}  I am not p,aying RIMM anymore
[10:46] {Threei}  nor SLW
[10:46] {Threei}  not FCX
[10:46] {nemo} no slw, awwww.....
[10:46] {Z} rimm kinda been death by paper cuts lately, all i am saying
[10:46] {nemo} o.k. let's play pcls amzn goog, and brk.a
[10:50] {Threei} Long Setup:  TNA  .50 break
[10:50] {Threei}  crap, late
[10:50] {Threei}  valid again
[10:50] {Threei}  in
[10:51] {Threei}  stop under .40
[10:51] {RonS} wth dino the bids/offers move on brk/b w/ no trades?
[10:51] {dino} out brk/b .84, +.34
[10:51] {RonS} guess my t&s broken...
[10:52] {pragmatic} change the Quote server
[10:52] {Threei}  I think I am better off playing Lego today
[10:52] {pragmatic} better Bingo
[10:53] {dino} ron, relax dude, it will come to you
[10:53] {dino} we buy .40-.50 sell.80s
[10:54] {RonS} went for .86 but could not see the turn due to my problem
[10:54] {dino} you need quotes?
[10:54] {RonS} no, working now...
[10:55] {dino} ok, imo, lay out on brk/b
[10:55] {RonS} target kr dino?
[10:55] {dino} waiting at .04
[10:55] {dino} friday, so not greedy
[10:56] {dino} good report tho, beat and raised
[10:56] {dino} lets go .09
[10:56] {RonS} ya 5% sss for chain tis size is impressive...plus net margins increased
[10:58] {dino} need some mkt help, if we get some, then hod, w/trailing hard stop starting at .04
[11:03] {RonS} eur lod
[11:10] {dino} mw to .88
[11:11] {Threei}  (GE) Germany said to be preparing a plan to help protect the German banking industry from a Greece default; may use bank rescue fund
[11:11] {dino} out mw +.40
[11:12] {dino} too much news today
[11:13] {nemo} took faz long at .81 on that
[11:13] {nemo} partial at . 01
[11:13] {nemo} some more .31
[11:14] {dino} gj
[11:14] {Threei}  this news is admission of default coming
[11:14] {nemo} look they're saying Greece is defaulting, sayonara financials
[11:14] {patience} still in fcx short
[11:14] {nemo} stop to .19
[11:15] {patience} out
[11:16] {pragmatic} you were patient ineeed on FCX!
[11:16] {nemo} stop to .34
[11:18] {patience} should have stuck in there but need to go to the airport
[11:18] {dino} have to agree w/you 3i
[11:18] {nemo} out .81
[11:18] {Threei}  look at GS
[11:19] {Threei}  FAZ
[11:19] {nemo} I probably should hold, yeah, this will likely go on forever
[11:19] {Threei}  must be long but I'll be damned if I can find entries in today's mess
[11:19] {nemo} I took the entry on the news
[11:20] {nemo} yeah, see, should have sucked it up
[11:22] {nemo} dumbass me
[11:23] {Threei}  larisa
[11:23] {dino} brk/b sm l .01 wide
[11:23] {Threei}  may I finally say the word?
[11:23] {nemo} we're going to crash
[11:23] {Threei}  the p word
[11:23] {Threei}  and the c word
[11:24] {Threei}  seriously, TZA and FAZ are just buys
[11:24] {Threei}  with no setups
[11:24] {nemo} dgp
[11:24] {nemo} .01
[11:24] {nemo} 1/2 out .22
[11:25] {nemo} stop is .99
[11:25] {dino} going contrary here
[11:25] {nemo} out
[11:25] {nemo} wow that was weird
[11:25] {nemo} thought gold would bolt
[11:28] {nemo} wow, that was really weird
[11:28] {nemo} frickin' gold
[11:31] {dino} 2167 ndx gap
[11:39] {Threei}  FAZ
[11:41] {Threei}  market breakdown coming
[11:41] {Threei}  wtahc .50 support on SPY
[11:41] {Threei}  watch
[11:42] {Threei}  with that lost, panic hits
[11:42] {Threei}  both FAZ and TZA spiked
[11:42] {Threei}  nere is panic
[11:43] {Threei}  anyone went for any of them on .50 SPY break?
[11:45] {nemo} wanted to but the volatility
[11:45] {Threei}  yeah, can't blame you
[11:45] {Threei}  went for both, but with half lot
[11:45] {nemo} I'm doing alright today don't want to fu....shoot myself in the foot
[11:45] {Threei}  yes
[11:46] {Threei}  for me that was enough to erase the losses so not really complaining
[11:50] {Threei}  nest leg is coming
[11:50] {Threei}  what amazes me:
[11:50] {Threei}  Greek default was so obvious fo so long,
[11:51] {Threei}  and it's like whole market was in ottal denial
[11:51] {Threei}  and now acts shocked and surprized
[11:51] {Threei}  anyone who looked could see it was unavoidable
[11:52] {RonS} nah, playing musical chairs and waiting for the fat lady to sing...
[11:59] {dino} ndx filled
[11:59] {dino} next levels down 10716;  2044,  1120
[12:01] {dino} nvda l .05
[12:01] {dino} gef sm l .50
[12:02] {dino} kr to .04
[12:04] {dino} vrsn sm l .35
[12:05] {dino} kr to .09
[12:06] {dino} individual stocks are holding/or making higher lows
[12:07] {dino} kr stop, .09, +.35
[12:07] {RonS} gj
[12:07] {dino} you still in
[12:08] {RonS} shook out long ago
[12:08] {RonS} +.14
[12:08] {Threei}  here comes next leg
[12:08] {Threei}  FAZ breaking
[12:08] {nemo} 7.6 tza
[12:08] {Threei}  GS lost support
[12:08] {nemo} .76
[12:09] {Threei}  took some short 103
[12:09] {nemo} out flat
[12:09] {nemo} mmhhhhh
[12:09] {nemo} turning point coming I think
[12:10] {nemo} damn
[12:18] {RonS} in vrsn .37...thinkin .78...
[12:22] {Threei}  unless new news appear, eod should see more selling
[12:22] {nemo} what about short covering?
[12:22] {Threei}  nah
[12:22] {Threei}  longs looking for exit should prevail
[12:22] {Threei}  they will be scared of weekend news more than shorts
[12:23] {larisa} it is unpatriotic to do so on 9/11 anniversary.. we will end up close to green :)
[12:23] {Threei}  hmmm
[12:23] {larisa} wait and see :)
[12:24] {RonS} yah, the guvmint already pimpin a 9/11 event
[12:24] {Threei}  if we close green, I'll eat my keyboard
[12:25] {larisa} again??
[12:25] {Threei}  yes, been a while
[12:25] {Threei}  letters are all faded
[12:25] {Threei}  typing blind
[12:25] {Threei}  time to eat it
[12:32] {nemo} Greece failed treasury auction
[12:32] {nemo} tza .01
[12:32] {Threei}  how could it not
[12:33] {nemo} out
[12:33] {nemo} not moving fast enough
[12:34] {Threei}  Euro breaking down again
[12:34] {RonS} dino, check the one yr daily on wtw...how long can levitation last?
[12:37] {dino} dk ron, but i think they blew away estimates
[12:38] {dino} idcc sm l .45
[12:48] {Threei}  (GE) Some members of the German junior coalition partner FDP are calling for a referendum on the ESM permanent bailout fund - Der Spiegel
[12:48] {dino} out .86, +.41
[12:48] {Threei}  like that is going yo hsappen
[12:48] {Threei}  referndum ends it all at once
[12:50] {dino} too soon idcc
[12:52] {dino} mw sm l .00
[12:55] {dino} gpor sm l .24
[12:57] {Threei}  (EU) ECB's Stark: A quantum leap should be taken to save the Euro; reforms are necessary in the EMU - newspaper interview
[12:57] {Threei}  - Sees need for sound fiscal policy as it would help confidence
[12:57] {Threei}  - Notes if budget cuts are delayed then costs will increase; Warns that fiscal stimulus would compound the debt problem increase financial stability risks.
[12:58] {Threei}  (GR) Greece Finance Ministry comitted to bailout agreement; confirms has no intent to defaul (related EUR/GBP EUR/USD NBG GBP/EUR )
[12:58] {Threei}  lol
[12:59] {_thomcbell} nice dino idcc
[12:59] {dino} ty
[13:00] {dino} me thinks greece protests too much. reminds me of fnm, fre, etc
[13:01] {dino} thing is, imo, if no default they will inflate it away (or try too)
[13:01] {Threei}  well, I see it this way:
[13:01] {dino} its either or
[13:01] {Threei}  the more they deny default, the more chances they get to recieve something else
[13:01] {Threei}  so they'll deny it till the bitter end
[13:02] {dino} yes, its the old problem of who's is it. imo, its the banks problems, not greeces so much
[13:03] {nemo} well it's greece's fiscal problem
[13:03] {nemo} which the banks own
[13:03] {Threei}  so, if banks were so stupid to sink money into non-viable entity, let them eat it
[13:04] {dino} bingo nemo, the banks own it, not greece. no collateral, they can just say fu and walk away.
[13:04] {dino} greece is in charge at this point
[13:06] {nemo} hah...Greece has done to European banks what they are well known for...
[13:06] {dino} roflol
[13:10] {dino} aati drop
[13:15] {dino} out nvda .17, +.12
[13:16] {dino} out gpor .64, +.40
[13:17] {dino} aati blood
[13:17] {Threei}  AATI Weakness attributed to filing update on pending merger with SWKS; discloses SWKS delivering a Notice of Breach
[13:17] {dino} 3.90 gap
[13:24] {dino} vrsn stopped -.36
[13:32] {Threei}  a lot of default speculations mention specifically "over this weekend"
[13:33] {Threei}  that's a serious problem for longs
[13:33] {Threei}  to get caught during weekend into this is nothing short of catastrophe
[13:33] {nemo} ohhhh the hyperbole
[13:34] {Threei}  you day trader can't estimate to epic scale of such trap :)
[13:34] {Threei}  to = the
[13:35] {nemo} wtf do you think I was before I was a daytrader????????
[13:35] {Threei}  oh boy
[13:35] {nemo} watch it....
[13:35] {Threei}  you don't want me to hare all versions of answers I have
[13:35] {nemo} oh jeez....
[13:35] {Threei}  hehe
[13:35] {nemo} here it comes
[13:35] {Threei}  share
[13:35] {RonS} bunny herder?
[13:35] {nemo} What a frickin' setup
[13:35] {Threei}  well, you walked into it yourself... willingly
[13:35] {nemo} speaking of...
[13:35] {RonS} song & dance man?
[13:35] {Threei}  and whistling care-free
[13:36] {larisa} elephant trainer ..
[13:36] {nemo} bunny under the bed
[13:36] {RonS} gigilo?
[13:37] {nemo} I wish
[13:37] {nemo} not really
[13:38] {RonS} h.l. mencken?
[13:38] {nemo} my hero
[13:38] {nemo} long faz .81
[13:39] {nemo} out
[13:39] {nemo} ouch
[13:39] {nemo} got fooled by the volume spike a couple of minutes ago, watch, rinse
[13:39] {RonS} " a cynic is a man who, when he smells flowers, looks around for a coffin"  mencken
[13:40] {RonS} " a man may be a fool and not know it, but not if he is married"
[13:40] {nemo} hehehehehe
[13:42] {RonS} A prohibitionist is the sort of man one couldn't care to drink with, even if he drank.
[13:44] {RonS} Every decent man is ashamed of the government he lives under.
[13:45] {RonS} If a politician found he had cannibals among his constituents, he would promise them missionaries for dinner.
[13:47] {RonS} lol...Opera in English is, in the main, just about as sensible as baseball in Italian.
[13:48] {nemo} or virginity in Italy
[13:51] {Threei}  (GE) Germany Fin Min Schaeuble: Affirms commitment to July summit decisions; there is no plan B for debt crisis
[13:51] {Threei}  - Reminder: Earlier the German FDP (coalition) budget official Fricke: All countries working on a 'plan B' for Greece; G7 pressure required on financially burdened states
[13:51] {Threei}  (GE) Germany Fin Min Schaeuble: Affirms commitment to July summit decisions; there is no plan B for debt crisis
[13:51] {Threei}  - Reminder: Earlier the German FDP (coalition) budget official Fricke: All countries working on a 'plan B' for Greece; G7 pressure required on financially burdened states
[13:51] {Threei}  oops
[13:52] {RonS} makes me think of ed wood...plan 9 from outer space...
[14:14] {RonS} nemo dcc...
[14:25] {Threei} Long Setup:  TZA  .50 break
[14:27] {nemo} I think just the machines are trading this afternoon
[14:30] {Threei}  first exit .75]
[14:30] {nemo} I figured invalidation was .35
[14:31] {Threei}  I just put stop under the low of a pullback
[14:31] {nemo} ahhh, oh well
[14:34] {RonS} +.32  thanks 3i
[14:34] {Threei}  second partialI was insiting on selloff continuation so long, I must try play it
[14:34] {Threei}  :)
[14:34] {Threei}  second partialI
[14:34] {Threei}  .97
[14:35] {RonS} .vix hod
[14:35] {dino}  gj
[14:55] {larisa} am I the last optimist on Earth ? cmon people.. lets show them and let them taste keyboard..
[14:55] {nemo} that's the closest I've ever come to slapping you
[14:55] {Threei}  haha
[14:56] {Threei}  I'll have to settle for less exotic way to dispose this keyboard
[14:57] {Threei}  by the way, it's anot about optimism... I am quite optimistic about future of Europe - after it gets rid of this burden of EU
[15:00] {Threei} Long Setup:  TZA  50 break
[15:00] {nemo} wow
[15:01] {Threei}  stop under .85
[15:02] {Threei}  ok... not this time
[15:03] {Threei}  FCX, what a disaster chart
[15:21] {_thomcbell} disgusting
[15:23] {dino} .\
[15:25] {Threei}  http://www.facebook.com/photo.php?fbid=258015314233151&set=a.237133656321317.63196.235739863127363&type=1
[15:26] {Threei}  feel quite exhausted by this week
[15:26] {Threei}  with your kind permission, I'll leave the battlefield
[15:26] {Threei}  let this fall apart without me
[15:26] {Threei}  my keyboard is safe I am sure
[15:27] {larisa} hhmm
[15:27] {RonS} ...sounds good to me 3i...have a nice weekend
[15:27] {Threei}  see you on Monday, refreshed, recharged and ready to extract some momney
[15:27] {Threei}  no hmm larisa :)
[15:27] {Threei}  it IS safe :)
[15:27] {larisa} bye then :)
[15:53] {dino} rallying into close
[15:54] {dino} out mw .16, +.16
[15:57] {dino} out gef .34 -.16
[16:03] {dino} gn all

Sep 08 2011

Positive day with some nice plays, some scalps, some stops - but somehow very tiresome, like pulling teeth. No interesting charts to show today.

Session Time: Thu Sep 08 00:00:00 2011
[08:12] {Threei}  *(EU) ECB LEAVES THE MAIN 7-DAY REFI RATE UNCHANGED AT 1.50%; AS EXPECTED
[08:13] {Threei}  (GR) EU's Juncker: Greece should not take the next aid tranche for granted
[08:13] {Threei}  - There cannot be any flexibility in Greece's deficit targets.
[08:13] {Threei}  - Privitization in Greece is not moving along as well as it should.
[08:13] {Threei}  - Would not rule out changes to EU treaties over coming months.
[08:13] {Threei}  - Euro region banks are well capitalized.
[08:13] {Threei}  ***Reminder: Late on Wednesday evening, German Fin Min Schaeuble is said to have told other MPs that Greece's financial situation was on a "knife's edge" - financial press
[08:30] {Threei}  *(US) INITIAL JOBLESS CLAIMS: 414K V 405KE;
[08:31] {Threei}  CONTINUING CLAIMS: 3.72M V 3.706ME
[08:31] {Threei}  - Prior Initial Claims revised higher from 409K to 412K
[08:31] {Threei}  - Prior Continuing Claims revised higher from 3.735M to 3.75M
[08:31] {nemo} not much reaction on the numbers
[08:35] {Threei}  were kind of given to the markets I believe
[08:35] {Threei}  after last week NFP disaster
[08:52] {nemo} gold moving, duhh
[09:02] {nemo} sheesh, been raining steady here since Tuesday
[09:03] {Threei}  haven't seen any rain for a month and half I think
[09:04] {dino} gm all
[09:04] {Threei}  dino :)
[09:07] {dino} since monday here nemo
[09:07] {dino} tomorrow calling for sun, finally
[09:09] {Threei}  24% Consider Al Gore An Expert On Global Warming
[09:10] {Threei}  the rest - on inventing the internet
[09:10] {Threei}  27% Believe Social Security is Ponzi scheme, 36% disagree, 37% not sure
[09:15] {Threei}  FCX, too bad it's a premarket and spread is too wide... look how 1 min forms perfect breakdown with .50 break as a trigger
[09:29] {Threei}  Euro vs US Dollar FX dealers hearing that Obama's speech tonight will not mention of Homeland Investment Act (HIA)
[09:30] {Threei} Short Setup: FCX  .70 break
[09:30] {Threei}  half lot
[09:30] {Threei}  if stays under .85
[09:31] {Threei} Short Setup: SLW  .15 break
[09:31] {Threei}  if stays under .25
[09:31] {nemo} can't believe it, slw short
[09:31] {Threei}  FCX invalidated
[09:34] {Threei}  1:1
[09:35] {Threei}  1:2
[09:35] {Threei}  out in full
[09:35] {Threei}  this opening volatility can be stunning
[09:36] {Threei}  1:3 meanwhile, lol
[09:36] {nemo} rimm
[09:38] {ese} gm
[09:38] {dino} sm l titn .53
[09:42] {Threei}  ese :)
[09:42] {Threei} Long Setup:  RIMM  .40 break half lot
[09:42] {ese} still L THC .37
[09:45] {Threei}  no go RIMM
[09:47] {pragmatic} rinse ?
[09:49] {Threei} Long Setup:  SLW  .55 break if stays above .50
[09:49] {Threei}  cough
[09:49] {Threei}  pullback hopefully
[09:50] {Threei}  valida again
[09:50] {Threei}  same setup
[09:50] {Threei}  got .57
[09:51] {Threei}  1:1
[09:53] {Threei} Short Setup: HPQ  .20 reak
[09:53] {Threei}  if stays under .30
[09:54] {Threei}  SLW 1:2
[09:54] {Threei}  offering last part above .80
[09:54] {Threei}  stop .59
[09:54] {Threei}  out
[09:54] {dino}  gj
[09:54] {Threei}  ty
[09:54] {_thomcbell} nice Vad
[09:55] {Threei}  SLW is old and faithful
[09:56] {Threei}  die HPQ
[09:56] {Threei}  let's trail to .26
[09:58] {Threei}  target .95 on HPQ
[09:58] {Threei}  2 partials
[10:02] {dino} mhk sm l .50
[10:02] {dino} pulp
[10:02] {Threei}  SPY volume bearish configuration
[10:03] {nemo} mcp
[10:03] {Threei}  wow
[10:03] {Threei}  what happened there
[10:04] {Threei}  no news yet
[10:04] {dino} mhk to b/e
[10:04] {pragmatic} what happened where ?
[10:04] {Threei}  MCP, nemo mention
[10:06] {dino} titn stop -.35
[10:06] {pragmatic} 56 breakout which so many probably were awaiting for. Then all stepped in. Short were squizzed, as a result 1 point raise
[10:07] {Threei}  look at REE
[10:07] {pragmatic} my amauter's point of view
[10:07] {Threei}  you think it's a coincidence that two rare earth plays spiked at the same time?
[10:07] {Threei}  by purely technical reasons?
[10:09] {pragmatic} well, then someone is pumping the stock. INsiders buying
[10:10] {dino} 07 all green
[10:10] {pragmatic} there some news though
[10:10] {pragmatic} MCP maybe added to S&P tonight
[10:10] {Threei}  I don't see anything fresh
[10:10] {pragmatic} 5 mins ago
[10:11] {pragmatic} none on REE
[10:11] {dino} mhk out .80, +.30
[10:12] {Threei}  wtg
06[10:17] * Threei hits HPQ over the head with 2x4
[10:21] {dino} titn sm l .20
[10:24] {patience} good morning
[10:24] {Threei}  patience :)
[10:24] {RonS} mcp rumor that hitachi talks going on...
[10:25] {Threei}  there you go
[10:29] {Threei}  (CH) China Vice Fin Min Zhu: stable euro is in China's best interest; China is ready to take measures on policy coordination
[10:29] {Threei}  **Zhu meeting wtih UK officials in London.
[10:29] {Threei}  no go HPQ
[10:29] {dino}  partial mind l .23
[10:32] {dino} titn stopped -.31
[10:33] {Threei}  (US) Fed's Plosser reiterates that Fed is unlikely to provide new stimulus, low bond yields unlikely to help job market in any major way
[10:33] {Threei}  - Reiterates that the Fed would respond to ciris of deflation or a financial crisis
[10:33] {nemo} so they wouldn't to a crisis of inflation?
[10:34] {Threei}  hehe
[10:34] {Threei}  good point
[10:34] {Threei}  next line is my favorite
[10:34] {Threei}  - Temporary growth headwinds are becoming persistent
[10:34] {Threei}  does it mean they are not temporary anymore?
[10:35] {_thomcbell} Vad where did u get the CH headline
[10:36] {Threei}  news feed
[10:38] {Threei}  10:28 headline
[10:40] {Threei}  - Fed policy is not powerful enough to solve economic problems in the US
[10:40] {Threei}  no really?
[10:42] {Threei}  44% Say Obamas Views Are Mainstream, 44% Say Extreme
[10:42] {Threei}  12% ask who's obama?
[10:44] {Threei}  LOL
[10:44] {Threei}  RCMP have seen a drastic drop in the size of the outdoor marijuana crop on Vancouver Island this year, which police attribute to the cold, wet weather at the start of the summer and a decade-long enforcement effort.
[10:45] {nemo} what a waste of time
[10:45] {Threei}  I'd say weather 99%, decade-long enforcement 1
[10:45] {nemo} yep
[10:45] {Threei}  and I am being generous
[10:45] {nemo} such a kindhearted soul
[10:51] {ese} lol
[10:53] {dino}  mw sm l .50
[10:53] {Z} another slow day...
[11:00] {dino} ugh titn rinsed twice
[11:00] {Threei}  morning was more or less
[11:00] {ese} depends on how daring you are
[11:01] {dino} ugh titn twice rinsed
[11:01] {Threei}  then this climb started
[11:01] {Threei}  and plays disappeared in thin air
[11:01] {ese} thought i saw titn up about .40 at one point dino.....right after you just got in
[11:02] {dino} yeah, like dumbass i got greedy and stopped
[11:06] {dino} mw to .65
[11:10] {dino} to .75
[11:12] {dino} to .80
[11:13] {dino} out +.30 mw
[11:13] {Threei}  nice
[11:13] {Threei}  dino finds something to trade when I feel like a squirrel in the middle of winter
[11:14] {nemo} or in the middle of the road with an oncoming car
[11:14] {dino} odd day
[11:15] {patience} i am in gdx and abx
[11:15] {RonS} heh, weather report today partly cloudy, tomorrow partly sunny...does reporter think they are O?
[11:15] {dino} it's not their fault
[11:15] {ese} good one on that one dino
[11:15] {dino} :D
[11:17] {ese} good teeth brushing
[11:17] {RonS} lol ese
[11:23] {Threei} Short Setup: SLW  .75 break
[11:27] {Threei}  invalidated
[11:28] {dino} open drop
[11:30] {dino} sm l .80
[11:33] {dino} out open 59.90, +1.10
[11:33] {Threei}  wtg
[11:34] {dino} ty, got hairy there for minute
[11:34] {dino} wow back down
[11:34] {Threei}  48% say Romneys views are mainstream while just 26% say extreme
[11:34] {RonS} OpenTable $OPEN shares getting smacked following news Google $GOOG has acquired Zagat's
[11:35] {Threei}  36/35 for Perry
[11:35] {nemo} I still like Ron Paul...Romney was my governor...not a fan
[11:35] {Threei}  paul... non-starter, IMO
[11:35] {nemo} probably not
[11:35] {Threei}  (GR) Greece Finance Ministry said to post public lists of individuals who owe a total of around 30B in taxes - financial press
[11:35] {Threei}  wow, reaslly
[11:36] {nemo} Hey, was Obama sworn in on a Koran?  Romney will be on the Book of Mormon?
[11:36] {Threei}  they have no other way to get them to pay taxes but make list public?
[11:36] {dino} wow open =6
[11:36] {dino} -6
[11:42] {dino} smr l open .25
[11:45] {dino} out .85, +.60
[11:57] {ese} carry on boys and girls.....it's off to schooll for me
[12:00] {dino} cya
[12:00] {dino} nemo, early dismissal, flooding all over area
[12:00] {dino} worst since agnes
[12:01] {dino} open app lods
[12:01] {nemo} yeah down to Maryland also
[12:06] {_thomcbell} anyone know why the 10 handle pullback - usu. insanity?
[12:06] {nemo} has been the norm lately
[12:08] {dino} 55 area open?
[12:12] {dino} nope
[12:12] {Threei}  botomless
[12:16] {dino} well, we missed that
[12:17] {Threei}  there was no setup in my terms
[12:17] {Threei}  but, it should pull back from here
[12:17] {Threei}  and give something readable
[12:17] {Threei}  maybe double bottom
[12:18] {dino} thinking same
[12:23] {dino} mtrx l .35
[12:30] {Threei} Short Setup: RIMM  .80 break if stays under .90
[12:31] {dino} mw app lod
[12:31] {dino} giii too
[12:33] {dino} mw beat and raised
[12:33] {Threei}  1:1
[12:34] {Threei}  we may be becoming friends with RIMM again
[12:34] {Threei}  {RIMM} only if you stop shorting the bejeezus out of me
[12:35] {Threei}  close enough to 1:2, out
[12:35] {dino} you will be assimulated
[12:39] {Threei}  http://www.facebook.com/photo.php?fbid=131147853650832&set=a.107450996020518.10603.100002668551123&type=1
[12:39] {Threei}  can see this one?
[12:39] {nemo} as long as it's 7 of 9 I don't care
[12:40] {RonS} no, asks for log in...
[12:40] {Threei}  I am lost on facebook settings
[12:40] {Threei}  some of posts everypne can see, some only logged in
[12:40] {Threei}  and my settings are the same for all
[12:41] {Threei}  if you go to http://www.facebook.com/vadym.graifer, can you see the latest posts with two seagulls?
[12:41] {RonS} no, says page not found...
[12:41] {Threei}  make sure yo don't copy ,
[12:42] {RonS} did not
[12:42] {Threei}  wth
[12:43] {Threei}  how can it be not found
[12:43] {larisa} it goes to "info" page. On WALL it asks me to sign up to facebook
[12:45] {Threei}  and I keep all settings at public
[12:45] {Threei}  shrug
[12:45] {dino} atlas
[12:45] {Threei}  lol
[12:53] {Threei}  went thrugh all the settings again... made sure that wall posts can be seen by everyone
[13:01] {Threei}  look nemo:
[13:01] {Threei}  52% call Ron Paul's views extreme, 17% say mainstream
[13:01] {Threei}  that's a verdict
[13:02] {Threei}  and I have to say, while I agree with most of his views, but going back on gold standard?
[13:03] {Threei}  never going to happen, not sure it should
[13:05] {Threei}  Democrats Less Pessimistic About Economy Than Republicans.
[13:07] {dino} because majority are collecting
[13:15] {nemo} slw interesting on 5 min
[13:15] {nemo} might be a long
[13:16] {nemo} then again narrow range
[13:17] {dino} open smr l .51
[13:17] {dino} mw sm l .15
[13:22] {dino} open stop -.40
[13:30] {Threei}  US) Congressional Budget Office (CBO) forecasts August budget deficit at -$132B; YTD deficit at -$1.23T
[13:30] {nemo} guess that's cause to celebrate
[13:30] {nemo} can you up my credit card limit please
[13:32] {Z} no worries, another obama speech will fix everything, right?
[13:32] {Threei}  I can hardly wait
[13:32] {Z} lol
[13:33] {Threei}  Ben is speaking
[13:33] {Threei}  nothing oustanding
[13:34] {Threei}  but market tanks at the sound of his voice
[13:34] {Threei}  btw Z... missed resumption of our friendship with RIMM
[13:35] {Z} that stock been spanking us lately...
[13:35] {Threei}  we spanked it right back
[13:35] {Z} about time :)
[13:37] {Z} just do it again now :)
[13:37] {nemo} http://ht.ly/6p43r
[13:38] {dino} mhk sm l .00
[13:41] {dino} stop -.26
[13:45] {Threei}  waiting for TZA pullback
[13:45] {nemo} premarket low in spy
[13:45] {Threei}  missed one before that around 43.20
[13:45] {nemo} breakout area from yesterday too
[13:46] {Threei}  SPY should get a bounce now and then proceed to make new lows
[13:48] {Threei}  let's scale in TZA
[13:48] {Threei}  very hard to nail exact reversal
[13:48] {Threei}  1/4 here
[13:48] {Threei}  near 44
[13:48] {Threei}  with adding 1/4 near .80 - .85
[13:49] {Threei}  or on .20 break
[13:50] {Threei}  half lot
[13:50] {Threei}  with .10 average
[13:50] {Threei}  .12
[13:50] {Threei}  target closer to 45
[13:51] {Threei}  with possible adding if goes under 44
[13:51] {nemo} better cover
[13:51] {Threei}  ?
[13:52] {nemo} cl
[13:53] {Threei}  CL 50M buyback
[13:54] {Threei}  1/4 more here
[13:54] {Threei}  .88
[13:54] {nemo} you bought?
[14:01] {Threei}  FBI raid on Solyndra headquarters
[14:02] {Threei}  ok... stop .75 for the whole position
[14:02] {Threei}  target is the same
[14:05] {Threei}  tightening to .85
[14:05] {Threei}  too unclear
[14:07] {nemo} well...BBs getting tighter
[14:07] {Threei}  yup
[14:07] {Threei}  resolution is coming
[14:07] {nemo} spy IWM showing signs of rolling over albeit limited
[14:09] {Threei}  out
[14:09] {Threei}  market lost determination
[14:14] {nemo} spy defending pre market low
[14:16] {nemo} market's clear as mud
[14:22] {Threei}  sigh
[14:23] {Threei}  who knows how to read this, be my guest, lol
[14:23] {nemo} the good news is...
[14:23] {nemo} IWM rose to the weekly pivot, and spy rose to the daily and dropped
[14:24] {nemo} bad news...you probably didn't have those pivot levels
[14:24] {Threei}  market smells like panic
[14:24] {nemo} tomorrow I would think
[14:25] {dino} after the great obaminations' speech
[14:26] {Threei}  it's developing
[14:26] {Threei}  look at TZA doing exactly what I tried to play
[14:34] {Threei}  OK, where is the friking entry
[14:34] {Threei}  hard to believe how elusive it is todasy
[14:35] {nemo} elusive evasive, listened for, cannot be heard, looked for, cannot be seen
[14:35] {dino} well we're all over the place in seconds
[14:35] {Threei}  give me a number, will ya
[14:35] {Z} wag method
[14:35] {nemo} I prefer darts...let me ask bunny
[14:35] {Threei}  normally, around 44.10 should be it
[14:39] {Z} what's the bunny's verdict
[14:39] {Threei}  .50 break?
[14:39] {nemo} she won't talk to me until I give her tortilla chips (bunny crack)
[14:40] {nemo} bitch woke me up last night because she wanted some....it's terrifying waking up to a bunny sitting on your chest staring you in the face
[14:40] {Z} sheesh
[14:41] {Z} yea i'd trip out on something like that
[14:41] {Threei}  and we are not talking about playboy bunny here I assume
[14:41] {Z} ok hold on now...
[14:41] {nemo} she's a descendent of the Monty Python bunny
[14:41] {Z} the latter i could deal with...
[14:41] {nemo} likely only for a short while
[14:42] {RonS} nemo's bunny =  hare of the dog?
[14:42] {nemo} nah...working on that as we speak
[14:42] {dino} she bite heads off?
[14:42] {nemo} definitely bites when she's in a bad mood
[14:43] {nemo} they are defending the premarket low in the spy
[14:43] {Z} no different than the wife
[14:43] {nemo} yeah, well, we'll just call you Bobbit
[14:43] {Threei}  I have stgring feeling that low is not going to hold
[14:43] {Threei}  string
[14:43] {Threei}  strong
[14:44] {Threei} Long Setup:  TZA  .50 break
[14:44] {Threei}  if holding .35
[14:45] {Threei}  playing for big panic move
[14:46] {Threei}  not aa scalp
[14:49] {Threei}  1:1
[14:51] {Threei}  out balance
[14:52] {Z} nice scalp, thx threei :)
[14:52] {Threei}  welcome... wanted much more than that but the way thing moves is beyond my risk tolerance
[14:52] {Threei}  disciple doesn't al.low me not to trail sop
[14:52] {Threei}  stop
[14:52] {Z} same here, i can't stomach holding that one more than a scalp
[14:52] {nemo} clear as mud
[14:54] {Threei}  grrr
[14:54] {dino} gaps below 11139, 2167
[14:55] {Threei}  retest of the low is coming
[14:55] {Threei}  and this time it won't hold I believe
[14:56] {nemo} 119 S1 daily support
[14:58] {dino} open going up
[14:59] {nemo} wemt
[14:59] {nemo}  oops
[15:00] {Threei}  *(US) JULY CONSUMER CREDIT: $11.96B V $6.0BE; (11th CONSECUTIVE MONTHLY INCREASE)
[15:00] {patience} oh my
[15:03] {nemo} that would be considered "good" from Bernanke's point of view
[15:03] {Z} packers } saints tonight in case anyone was wondering
[15:03] {nemo} yeah, should be interesting
[15:04] {Z} yea nice opening night game
[15:05] {Threei}  new low
[15:05] {Threei}  and TZA at my target
[15:06] {Z} sure beats something like the bills vs. raiders
[15:07] {Z} or browns vs. bengals
[15:08] {Threei}  day is positive but I feel like pulling teeth all day
[15:08] {Z} who do u follow nemo?
[15:08] {nemo} tgt guys
[15:09] {nemo} ?
[15:09] {Z} nfl
[15:09] {nemo} don't understand Z
[15:09] {nemo} oh...Patriots, from Boston
[15:09] {dino} j e t s
[15:09] {nemo} don't hold it against him Z
[15:10] {Z} ha
[15:10] {dino} :O
[15:10] {Z} C O W B O Y S
[15:10] {Z} =)
[15:10] {nemo} poor bastard
[15:10] {dino} indeed
[15:11] {Z} yea been a rough 10 years...but 3 in 5 years was sweet
[15:11] {Z} in the 90s
[15:12] {nemo} ain't goin' anywhere with Romo
[15:12] {Z} pats time is over as well though
[15:12] {nemo} not until Brady retires
[15:13] {nemo} that defensive front will be formidable, question mark is secondary...offense will be fine
[15:13] {Z} jets gonna be tough to beat in that division this year imo
[15:14] {nemo} yep
[15:14] {nemo} no different from last year
[15:14] {dino} nvda l .08
[15:14] {nemo} they didn't improve that much
[15:15] {dino} if sanchez will throw downfield, we could really open up the game, but...
[15:15] {nemo} offense didn't really improve, unless Burress springs to life
[15:16] {Z} AFC gonna be same teams as last year ruling the roost
[15:16] {Threei}  RIMM
[15:16] {Threei}  watching as a bounce candidate
[15:16] {Z} NFC is a toss up outside of green bay, new orleans
[15:17] {dino} well, if we can keep the guns out of his hands he might improve. tough to play when you shoot your own foot
[15:17] {Z} haha
[15:17] {Z} true
[15:17] {Threei}  lost support
[15:17] {nemo} Indianapolis may be done already
[15:17] {Z} wish pittsburgh would be done
[15:18] {dino} me too
[15:18] {Z} getting tired of them
[15:18] {Threei}  too sharply off .80
[15:18] {Threei}  need pullback now
[15:19] {Threei}  with entry somewhere between .85 and .90
[15:19] {Z} tampa is my darkhorse candidate to go the distance in the nfc, longshot but they improved a lot last year
[15:19] {Threei}  (US) S&P affirms California's A- long term rating and underlying rating on general obligation debt; outlook Stable
[15:20] {patience} dreamining
[15:20] {patience} never mind my spelling...yeesh
[15:21] {Threei}  who took RIMM under .90, start exiting here
[15:22] {Z} thought u were just considering it
[15:22] {Z} lol
[15:22] {nemo} soorry playing tna off .00
[15:22] {Threei}  [15:19] {Threei} with entry somewhere between .85 and .90
[15:23] {Threei}  when I can't pinpoint it exactly, I am trying to give an idea, and the rest is your discretion
[15:23] {Z} no worries
[15:23] {Threei}  in case you found entry, giving guidance on exit
[15:24] {Threei}  full exit here
[15:26] {Threei}  Ron
[15:26] {RonS} yes
[15:26] {Threei}  Cougar sighting in Esquimalt forces elementary students indoors
[15:30] {dino} out mw .98, ave +.15
[15:32] {dino} out nvda .16, +.08 2x
[15:34] {Threei}  this last one was ese style
[15:35] {Z} yhoo nice squeeze
[15:38] {dino} mind l .10
[15:39] {Threei} Short Setup: RIMM  .35 break
[15:39] {nemo} think it might go to .52
[15:39] {Threei}  correction .40 break
[15:41] {dino} out mind .30, +.20
[15:42] {Threei}  .46 stop
[15:42] {Threei}  not liking this cangaroo tail
[15:43] {Z} cangeroo tail?
[15:43] {Threei}  candlestick configureation
[15:43] {Threei}  15:41, 42 and 43
[15:44] {Threei}  this downward tail between two candles on the sides is known as cangaroo tail, and is usually bullish
[15:44] {nemo} also known as a hammer
[15:44] {Z} allright
[15:44] {Threei}  so I want to tighetn stop to just above those two candles
[15:44] {Z} hammer know that one
[15:44] {Threei}  no
[15:44] {Threei}  hammer is one middle candle
[15:45] {Threei}  whole thing of three candl;es is cangaroo tail
[15:45] {Z} im out...cangaroo tail sounds kinda scary :)
[15:45] {Threei}  lol
[15:45] {Threei}  come on... who is scared of cangaroos
[15:45] {Threei}  they are cute
[15:45] {Threei}  like seals
[15:46] {nemo} BS...frickin' big reds will rip you open
[15:46] {RonS} and can kick the crap out of you...
[15:46] {Threei}  so are seals
[15:46] {nemo} I used to live in Australia
[15:46] {Threei}  don't meet him under water
[15:47] {Threei}  here comes RIMM
[15:47] {Threei}  1:1
[15:47] {Threei}  I am out
[15:47] {Threei}  teeth pulling day
[15:47] {Threei}  but positive
[15:48] {Z} we want some 1:20's threei :)
[15:48] {nemo} Hey Z, on the Patriots, if Haynesworth wants to play, and Wilfork next to him...Nobody is running on this team
[15:48] {Threei}  that coming from a guy who couldn't wait for 10 cents {GGG}
[15:49] {Z} yea after u pulled some crazy cangaroo jargon to spook me out
[15:49] {Z} yea u are right nemo
[15:49] {Z} for run D
[15:49] {nemo} they'll collapse the pocket too, quarterbacks will have to roll out
[15:49] {Threei}  well, I just wanted you to trail your stop... who knew you were going to announce a hunting season on cangaroos :)
[15:49] {Z} yea not many roll out qb's in the afc
[15:50] {nemo} You can hunt roos all year long
[15:50] {nemo} that's the point, get them off their mark
[15:51] {Threei}  speaking of seals
[15:51] {Threei}  ferry Vancouver -Victoria,
[15:51] {dino} well, calling it a day, positive, but was tough
[15:52] {Threei}  beautiful summer day
[15:52] {Threei}  everyone's on the outside deck
[15:52] {Threei}  pod of killer whales appears nearby
[15:52] {Threei}  ohhh and ahhs
[15:52] {Threei}  everyone is delighted
[15:52] {Threei}  what a beautiful creatures, everyone cries
[15:53] {Threei}  in a few min, they start playing with something,
[15:53] {Threei}  this something flies high up in the air, falls back in the water
[15:53] {Threei}  they play it as a footbal
[15:53] {Threei}  a min more, and crowds discover it's a seal
[15:53] {Threei}  you should see mod change
[15:54] {Threei}  what a cruel animals
[15:54] {Threei}  torturing cute seal
[15:54] {Z} you offended dino
[15:54] {RonS} people are idiots...they don't call them killer for no reason
[15:54] {Threei}  why... they were orcas, not ihtiozauruses
[15:54] {Z} yea welcome to the oceanic food chain
[15:56] {Threei}  no slightest idea for tomorrow
[15:56] {Threei}  my heart says down
[15:56] {Z} just eat your wheaties
[15:56] {Z} no bacon
[15:56] {Threei}  but with speech today and whatnot, who knows
[15:56] {Z} ok you can put bacon bits on your wheaties
[15:56] {Threei}  not going to happen'
[15:56] {Threei}  bacon is it
[15:56] {Z} no bodka with the orange juice
[15:56] {Z} vodka
[15:56] {Threei}  never
[15:56] {Threei}  only straight
[15:56] {Z} haha
[15:57] {Threei}  :)
[15:57] {Threei}  thank you all
[15:57] {Threei}  have a good evening
[15:57] {Threei}  see you tomorrow
[15:57] {Z} cya people :)
[15:57] {larisa} bye :)