Monday, November 7, 2011

Nov 07 2011

(Participation in the room in real time requires membership)

Very nice strong day with plenty of trades working; despite somewhat shaky start we hit our stride quickly and accumulated enough of wins to make it confidently green. One deserves a Catch of the Day chart:




Session Time: Mon Nov 07 00:00:00 2011
[08:33] {Threei}  (EU) Dealer chatter that sale of new 10-year EFSF bond 'not going well'
[08:36] {Threei}  lol
[08:36] {Threei}  At least Christine Lagarde knows how to calm markets: "World May Face Global Demand Collapse" - DJN
[09:01] {ese} morning
[09:02] {Threei}  morning ese
[09:02] {swill} :)morning
[09:02] {Threei}  swill :)
[09:04] {ese} gonna be a bizzare week for me......all kinds of dignataries hanging around from provincial to federal.......we had the provincial education minister in on friday
[09:04] {Threei}  why, what do they all want?
[09:04] {ese} inspecting the new addition to the school.....too bad the powere didn't go out on him
[09:04] {Threei}  careful ese... when these types circle around, you know there is a blood in the water...
[09:05] {ese} Vic High is the 5th oldest school in the nation vad......and becasue this is remembrance day week........
[09:05] {Threei}  OK... I still don't trust them... :)
[09:06] {ese} there are alot of dedication ceremonies going on because
[09:07] {ese} with all the construction that took place some of the original trees on the grounds and a few other things were removed ......memorials to veterans of both wars....provincial premiers etc...etc.....
[09:07] {ese} and so that stuff is being replaced
[09:08] {ese} i'm responsible for the music......obviously........so it's just going to be bizzare
[09:09] {ese} no rest for the wicked....ahhhhhhh weary
[09:09] {Threei}  lol
[09:09] {Threei}  look at SLW daily guys
[09:10] {ese} thing of beauty
[09:10] {Threei}  very breakish-looking eh?
[09:11] {ese} double botom on 1min with cup and handle to boot
[09:11] {ese} on daily ....
[09:11] {ese} pushing up against resistance at 36 as well.............nice
[09:13] {dino} gm all
[09:13] {Threei}  dino :)
[09:13] {ese} ROE 16%.....gross margin 86
[09:14] {ese} profit margin60%  EPS Q/Q 840%.....whoa.....can you say ....going up
[09:16] {ese} we gonna trade this one dad huh huh!!!!!! come on dad!!!!!!!!! lets trade this one!!!!!!!!1
[09:16] {Threei}  lol
[09:17] {ese} vads response..."oh alright children..........if we must.....sigh!"
[09:17] {Threei}  http://goo.gl/6c49X
[09:17] {Threei}  chart with annotations
[09:18] {ese} the blue line be the 50ma per chance?
[09:18] {dino} ese what stock are you talking about?
[09:18] {ese} SLW
[09:18] {Threei}  look link above dino
[09:19] {Threei}  yes ese, 50 SMA
[09:20] {Threei}  if we are lucky, the scenario woyuld be:
[09:20] {Threei}  working out morning volatility, then breaking day high and staging all day climb
[09:21] {Threei}  with target about 37.50 - 38
[09:21] {ese} that may work seeing a s how the greeks have all but kicked out the goof ball
[09:21] {Threei}  well... Europena worries are anything but over... Italy is looming large
[09:22] {Threei}  and when it's very Euro existence that comes into question, reaction is usually both dollar and PMs go up
[09:22] {ese} ya....someones called for the burlesque man to resign I see.....or is that Berlusconn
[09:23] {ese} i
[09:23] {Threei}  I'll be said... if he goes, I won't be ever invited to bunga bunga party
[09:23] {Threei}  sad
[09:24] {ese} hey dino....how bout the comments from Tigers ex caddie Steve Williams on friday.......Adam Scott and Tiger are paired together in the next tournament in Austrailia
[09:24] {ese} ouuuuuuuuu.....could be interesting
[09:25] {Threei}  hopefully it won't just take off without any readable trigger
[09:25] {Threei}  but if we do get a good setup, give it a chance to work out for real, partial and keep some part for a big rugh
[09:25] {ese} tiger or SLW
[09:25] {Threei}  this chart can produce explosive move
[09:25] {jakob} good morning all
[09:26] {Threei}  jakob :)
[09:26] {ese} J
[09:26] {RonS} gm
[09:26] {Threei}  ron :)
[09:26] {ese} R
[09:26] {ese} D
[09:26] {ese} for dino
[09:26] {ese} V
[09:26] {ese} yu know who
[09:27] {ese} i like the short cut intros.....whadaya think?
[09:27] {Threei}  I think you had too much fun yesterday... or too much coffee today {G}
[09:28] {ese} lol
[09:29] {ese} can't stick around to long deputy premier making an appearance this morning
[09:29] {Threei}  GLD, another daily on the verge of breakout
[09:29] {ese} he's getting in the way of my trading
[09:29] {patience} good morning
[09:29] {Threei}  patience :)
[09:29] {ese} P
[09:29] {patience} ese
[09:29] {Threei}  told ya, nothing good comes out of political types
[09:30] {dino} .
[09:31] {ese} indeed
[09:31] {Threei}  come back SLW
[09:31] {dino} hmmm italy and greece issues and we sre flat
[09:31] {ese} L INHX .76
[09:32] {Threei}  OK, FCX short entry hunt
[09:32] {Threei}  half lot
[09:32] {Threei} Short Setup: FCX  .30 break
[09:32] {ese} stop .60
[09:32] {Threei}  if stays under .45
[09:32] {nemo} good morning
[09:32] {Threei}  nemo :)
[09:33] {ese} out 1/2 .97 +.21
[09:33] {Threei}  no go
[09:33] {ese} full .01 +.25
[09:34] {ese} there gamblin for ya...............don't try this at home
[09:35] {ese} L SLW .73 1/2
[09:36] {ese} stop .66
[09:36] {ese} nope
[09:36] {Threei}  way too high eze
[09:36] {ese} stopped
[09:37] {Threei}  let's give it time for pullback
[09:37] {ese} -.07
[09:38] {ese} for sure.....wanted to give it a shot with tight stop......if it works....i'm a hero......if not Schlump
[09:38] {Threei} Short Setup: RIMM  .20 break
[09:38] {Threei}  if stays under .30
[09:39] {Threei}  target 1:2
[09:39] {Threei}  2 partials
[09:39] {Threei}  1:1
[09:39] {Threei}  stop to .21 for the balance
[09:40] {Threei}  scalpers just get out of course
[09:40] {Threei}  but we are going to hate you
[09:40] {dino} cov rimm .07, +.12 ty vad
[09:40] {Threei}  :)
[09:40] {ese} nice dino
[09:40] {dino} damn
[09:40] {Threei}  1:2 baby
[09:40] {Threei}  ahha!
[09:40] {Threei}  lol
[09:41] {ese} L SLw .76
[09:41] {ese} took another shot
[09:41] {Threei}  who names RIMM chart formation for short quickly, door prize to be determined yet
[09:41] {ese} stop to break even
[09:41] {Threei}  1:3... shmuck
[09:41] {nemo} double top with lower high
[09:42] {Threei}  and bear flag
[09:42] {Threei}  half of prize
[09:42] {nemo} splitting hairs
[09:42] {Threei}  FCX got away
[09:43] {Threei}  dropped nicely but I never found the entry
[09:44] {ese} out  .84
[09:44] {ese} slw +.08
[09:44] {ese} daaaaaaaaaaaaaaa
[09:44] {swill} is the set up somthing to do with europhia
[09:44] {ese} !!!!!!!!!!!!11
[09:44] {Threei}  which one swill?
[09:44] {ese} bassssssssssss......you know the rest
[09:45] {swill} the one with the prise
[09:45] {Threei}  not really... FCX was euphotic spike, yes... RIMM is a bear flag
[09:45] {Threei}  crap... SLW really may get away
[09:45] {ese} ya!!!!!!
[09:46] {swill} thanks
[09:46] {ese} for one brief second it looked weak and i toasted it........split second later popos into the 90's
[09:46] {ese} auch du miya
[09:47] {Threei}  come on SLW, shake out premature longs and give us our entry for a dollar move
[09:47] {dino} chk sm l .15
[09:47] {Threei}  want sharp move to .60 area
[09:48] {ese} chk .17
[09:48] {ese} L
[09:48] {ese} sm
[09:48] {Threei}  those interested in scalp type I (slanting at ese), look at STLD
[09:49] {Threei}  ok SLW, now we are talking
[09:49] {ese} can't just yet am watching chk
[09:49] {Threei}  do your thing, shake that tree
[09:50] {ese} chk stop .94
[09:50] {dino} same
[09:50] {ese} escaped doom there
[09:50] {dino} stop
[09:50] {ese} nope stopped .94
[09:51] {Threei} Long Setup:  STLD  .60 break if stays above .55
[09:51] {Threei}  scalp type I
[09:51] {ese} in .61
[09:52] {Threei}  still not getting my entry, SLW...
[09:53] {ese} stld stop .56
[09:55] {ese} spy topping
[09:57] {dino} stop stld
[09:57] {ese} stopped stld .56 -.05
[09:57] {Threei} Long Setup:  SLW  .70 break
[09:57] {Threei}  if sdtasys above .60
[09:57] {Threei}  stays too
[09:58] {Threei}  invalidated, looking for different entry
[09:58] {Threei} Long Setup:  SLW  .65 break
[09:59] {Threei}  stop under .55
[09:59] {Threei}  not a scalp for me
[09:59] {Threei}  partials and trailing
[09:59] {ese} missed it
[09:59] {Threei}  1:1
[09:59] {ese} nice
[10:00] {Threei}  trail to .59
[10:00] {Threei}  not overtightening
[10:00] {dino} 07 red
[10:01] {Threei}  SPY weakens
[10:01] {ese} bounce entry ok here vad
[10:01] {ese} if spy strengthens
[10:01] {Threei}  market is a bit too weak...
[10:02] {Threei}  out balance
[10:02] {Threei}  let's look for an\other setup
[10:02] {Threei}  balancing act between giving it some room to breather and protecting what you have...
[10:02] {dino} spy broke vwap
[10:03] {dino} rinsed me
[10:03] {ese} slw  looks ok here though
[10:03] {Threei}  only if holding .55
[10:03] {Threei}  OK, same setup
[10:03] {Threei} Long Setup:  SLW  .65 break
[10:04] {Threei}  if stays above .55
[10:04] {ese} L slw .62
[10:05] {ese} nope...gonna break dn
[10:05] {ese} out .57
[10:05] {Threei}  SPY isn't ready yet
[10:05] {ese} -.05
[10:05] {ese} ya
[10:06] {Threei}  a bit hectic
[10:07] {ese} ya again
[10:07] {Threei}  grrr
[10:09] {ese} daaaaaaaaaaaa
[10:09] {Threei}  hate it
[10:09] {dino} ditto
[10:09] {Threei}  get the idea of the trade right but not exact entry
[10:09] {ese} just give me one .....little tiny ppullback
[10:09] {Threei}  we need pullback to about .60 now
[10:10] {Threei}  also, FCX
[10:10] {Threei}  pulled back
[10:10] {Threei} Long Setup:  FCX  .30 break
[10:10] {Threei}  if holding .20
[10:11] {Threei}  target .55
[10:11] {Threei}  2 partials
[10:12] {Threei}  1:1
[10:12] {ese} hmmm weird got cut off for a split second
[10:12] {ese} L slw .75
[10:12] {Threei}  stop to .28 for the balance
[10:13] {Threei}  scalpers win
[10:16] {ese} L SLW avg .70
[10:16] {Threei} Long Setup:  SLW  .70 break
[10:16] {Threei}  if holding .60
[10:16] {Threei}  again, shot at milk trade
[10:17] {Threei}  one of these pullbacks must turn out a shakeout before the moonshot
[10:17] {ese} agreed
[10:17] {Threei}  SPY needs to find firm footing
[10:18] {Threei}  loss .50 is not good
[10:18] {ese} looks good here though
[10:18] {ese} spy lowere.....slw....higher low
[10:18] {Threei}  SLW is holding nicely though, yeah
[10:18] {Threei}  but won't be able to do that for long if SPY continuesd
[10:19] {Threei}  needs market bounce
[10:19] {ese} me thinks that when the spyders turn that should be the moon shot
[10:19] {Threei}  relative strength is great to see but it's going to be short lived if no reversal comes
[10:20] {ese} indeed
[10:20] {Threei}  nice doji SLW
[10:20] {Threei}  so far so good
[10:20] {Threei}  come on SPY
[10:20] {Threei}  time for violence?
[10:20] {ese} doji off the 50 ma?
06[10:21] * Threei kicks SLW in the rear
[10:22] {Threei}  did I mix rear and front?
[10:22] {ese} ?
[10:22] {ese} not sure what ya mean by that
[10:22] {Threei}  10:21] * Threei kicks SLW in the rear
[10:23] {ese} ahhhhhhhhh
[10:23] {Threei}  out
[10:23] {Threei}  SPY not finding support
[10:29] {ese} just about bought somemore slw
[10:29] {Threei}  (EU) Some ECB governing council members are said to be uncomfortable about continuing bond purchases, not interested in giving Berlusconi political support via bond purcahses - financial press
[10:29] {Threei}  - Other ECB members said to support continuing bond purchase program to blunt market extremes.
[10:29] {Threei}  - Follow up: Some euro zone officials are skeptical about leveraging plans for the EFSF.
[10:29] {Threei}  - Reminder: Earlier an interview with ECB's Mersch highlighted that ECB has considered to discontinue purchases of Italian bonds if Italy govt does not provide ample evidence it can meet its fiscal targets
[10:30] {Threei}  noise from Europe becomes frightening again
[10:31] {Threei}  Germany Fin Min Schaeuble: There must be binding assurances that Greece will act on its committments
[10:32] {Threei}  from who? there is no government, no PM, loose coalition falling apart every couple minutes and angry crowds that threatent to ruin any agreement reached at the top
[10:32] {Threei}  realiable partner to deal with, eh?
[10:32] {ese} L slw .60 avg .65
[10:33] {ese} 3 longs can make a right eh
[10:34] {dino} 07 red for awhile now
[10:35] {dino} 125.05 pivot
[10:36] {Threei}  against the trend for now, ese
[10:36] {ese} yup
[10:36] {Threei} Short Setup: RIMM  .70 break
[10:37] {ese} can't beat that daily though
[10:37] {RonS} dmnd gone pulp
[10:37] {ese} for those of you new to the board..........i'm takin some heat and i wouldn't recommend you do this for a while
[10:40] {Threei}  stop/invalidation placement is obvious on RIMM
[10:42] {Threei}  ok SLW
[10:42] {Threei}  double bottom
[10:42] {Threei} Long Setup:  SLW  .50 break
[10:42] {Threei}  stop under .40
[10:42] {RonS} lol...hearing Cameron calls proposed financial transaction tax "deeply confused"
[10:43] {Threei}  no kidding
[10:44] {dino} dmnd sm l .16
[10:44] {RonS} dmnd sm l .20
[10:46] {Threei}  (UK) UK PM Cameron: G20 meeting did not indicate that the UK needs to increase its borrowings
[10:46] {Threei}  - UK's fiscal consolidation efforts gained support from the G20 and IMF.
[10:46] {Threei}  - Calls EU plans for a financial transaction (tobin) tax 'confused.'
[10:46] {Threei}  - The situation in Italy shows the need for a credible plan for debt.
[10:46] {Threei}  - Notes G20 held back new financial commitments to the IMF because it wants to see more concrete action from the Euro Zone.
[10:48] {Threei}  SPY just can't raise its head
[10:48] {dino} dmnd out .56, +.40
[10:48] {Threei}  wtg
[10:49] {dino} ty
[10:51] {Threei}  Lagarde says willpower is needed to solve the crisis
[10:52] {Threei}  you listen to these types, they sound as if crisis is not rel, it's in our head onlyu
[10:52] {RonS} ...gee, and i thought the beatles said all we needed was love...
[10:53] {Threei}  just gotta think positively and stay strong, and it all will go away
[10:56] {Threei} Long Setup:  LVS  .10 break
[10:56] {Threei}  if stays above 47
[10:58] {Threei}  LVS target is about .40 - .45
[10:59] {Threei}  (AS) Austria Fin Min Fekter: Evaluating three different methods of increasing resources for the IMF; feels the IMF should make a larger contribution
[10:59] {Threei}  hmmm
[10:59] {Threei}  really?
[11:00] {Threei}  isn't IMF all but equal USA?
[11:00] {Threei}  SPY reversal time
[11:01] {ese} indeed
[11:01] {Threei}  LVS 1:1
[11:02] {RonS} took lvs .06 tp .18  thanks 3i...
[11:02] {dino} lng sm l .05
[11:02] {RonS} to
[11:02] {Threei}  sure thing... but it goes higher
[11:02] {ese} nice one ron
[11:02] {Threei}  and you stinkin' scalpers be cryin'... we be laughin'
[11:03] {Threei}  or the other way arounbd, you know...
[11:03] {ese} lol
[11:03] {Threei}  :)
[11:04] {Threei}  sheesh... SLW will torture me for ages today
[11:04] {Threei}  I don't remember it acting this way, ever
[11:04] {ese} makes ya feel like yer alive ehhhhhhh?
[11:04] {Threei}  actyuually, opposite, lol
[11:05] {Threei}  nailed SPY reversal right
[11:05] {Threei}  need LVS and SLW to follow now
[11:06] {Threei}  LVS looks nice
[11:06] {Threei}  SLW 1 min too actually
[11:07] {Threei}  1:2 LVS
[11:07] {Threei}  second partial
[11:07] {Threei}  SLW needs to break .60
[11:07] {ese} nee!!!!1 neeee!!!!!! yip yip ......yaouuuuuuuuuuu!!!!!!
[11:07] {Threei}  lol... what did you add to that coffee??
[11:07] {ese} monty python knights of Nee battle cry
[11:07] {dino} mdr sm l .65
[11:07] {ese} do it slw
[11:08] {Threei}  really
[11:08] {Threei}  bees do it
[11:08] {ese} lol
[11:08] {Threei}  US court rules in favor of tobacco industry in fight against FDA's decision to post graphic imaging in advertising - financial press
[11:09] {Threei}  last piece of SLV stop .09
[11:09] {ese} lol......you can just picture that
[11:10] {Threei}  ok
[11:10] {Threei}  first partial SLW out
[11:10] {Threei}  .63
[11:10] {Threei}  stop to .45
[11:10] {Threei}  offer second partial between .75 and .80
[11:11] {Threei}  what a weird day
[11:11] {Threei}  I'll call it Monday of Great Confusion
[11:11] {ese} nee nee....yip yip yaouuuuuuuuuuu!!!!!!!!!!!1 slw
[11:12] {dino} lool
[11:12] {dino} lol
[11:12] {Threei}  seriously ese... I neede a recipe of that coffee... I am envious
[11:12] {Threei}  obviously a good stuff
[11:12] {ese} any old coffee will do.......it's the hypodermic for direct injection thats the key
[11:14] {Threei}  LVS trailing top .15 now
[11:14] {Threei}  see this little consolidation above .20?
[11:15] {Threei}  that's support to trail stop under now
[11:15] {Threei}  held by fingertips on that pullback, hit .10 with stop .09
[11:15] {Threei}  nothing is easy today eh?
[11:15] {Threei}  well, expect that RIMM short, that one just fell from a tree
[11:19] {Threei}  out SLW balance
[11:20] {Threei}  LVS too
[11:20] {Threei}  no open positions
[11:20] {Threei}  thanks to these two last trades a day is positive but nothing earthshuttering
[11:21] {Threei}  on a lookout for some lunch time scalps
[11:25] {ese} i'm outta here all....its off to meet the wizard the wonderful wizard of ....ahh hem........I mean the provincial diganataries
[11:25] {Threei}  lol
[11:25] {ese} i'm hangin onto slw
[11:25] {Threei}  justg never mind the man behind the curtain, ese
[11:26] {ese} indeed
[11:26] {Threei}  see you tomorrow
[11:27] {dino} cya
[11:27] {Threei}  dino... with yourdialup, by the time you say your good bye a man is already on a bus stop
[11:28] {dino} sucks huh
[11:28] {Threei}  SPY... breakdown, or just a p;ullback before reversing?
[11:28] {Threei}  feels like breakdown to me
[11:28] {Threei} Short Setup: LVS  47 break
[11:29] {Threei}  if stays under .10
[11:35] {thomcbell} fcx good long candidate if market gets footing
[11:35] {Threei}  looks that way, yeah
[11:35] {Threei}  held rather well
[11:40] {Threei}  1:1
[11:40] {thomcbell} target lvs
[11:40] {Threei}  can't tell
[11:40] {Threei}  lunch time
[11:40] {thomcbell} 60 min chart looks good for decent move
[11:40] {Threei}  patterns are questionable
[11:40] {Threei}  1:2
[11:41] {dino} sm l csh .75
[11:41] {dino} l chk .55
[11:44] {Threei}  thomc, whatever you decide, just make sure you play it by the book
[11:44] {Threei}  stop is trailed to just above b/e
[11:44] {Threei}  that said, I am out +.17
[11:47] {dino} keyn sm l .02
[11:48] {jakob} vad, did lvs print .13 at 11:34.. invalidated?
[11:49] {Threei}  kind of judhgment call
[11:49] {jakob} ok
[11:49] {Threei}  it was rejected storngly, and then reconsolidated a bit
[11:49] {Threei}  hard to tell either way, leaving this kind to personal preferences
[11:50] {dino} dmnd sm l .50
[11:50] {jakob} thks
[11:50] {Threei}  I wish everything were 100 certain... but some parts of it is more in "art" department than in "science" one
[11:55] {Threei}  feels like another leg down is coming
[11:55] {Threei}  after some bounce first
[11:56] {Threei}  TZA, watching for long, half lot around .50 - .60 area
[11:57] {Threei}  wow LVS
[11:57] {Threei}  deserved secondary entry when bounced into resistance (former support)
[12:01] {RonS} ...hearing 0 gonna speak...
[12:02] {dino} another lecture?
[12:02] {dino} dmnd stop
[12:03] {Threei}  yeah
[12:04] {Threei}  new initiatives to spur hiring
[12:06] {RonS} less regulation, lower taxes, looser epa rules, drilling permits, unlocking national properties to development?
[12:08] {dino} what! do stuff that would work? never
[12:09] {Threei}  what a sweet dream ron... but at some point cruel awakening comes... :)
[12:09] {Threei} Long Setup:  TZA  .60 break
[12:09] {Threei}  half lot
[12:10] {Threei}  stop under .50
[12:10] {Threei}  target .90
[12:10] {Threei}  2 partials
[12:14] {Threei}  1:1
[12:14] {Threei}  first part out.76
[12:14] {Threei}  stop to .55
[12:14] {Threei}  1:2
[12:14] {Threei}  that was easy
[12:17] {Threei}  target hit
[12:17] {Threei}  .90 on the nose
[12:17] {Threei}  me out
[12:17] {Threei}  don't tell me no one took it
[12:17] {Threei}  or I will cut my wrists with bana
[12:17] {Threei}  banana
[12:18] {patience} i'm in tza
[12:18] {Threei}  OK{ no wrist-cutting
[12:24] {Threei}  http://goo.gl/ek3Jl
[12:39] {dino}  stx l .84
[12:57] {dino} to .96
[13:00] {dino} out stx .99, +.15
[13:08] {nemo} what I'm looking at: http://www.freestockcharts.com?emailChartID=fefb2eb9-6614-4d8b-b84b-dfa2fac064b7
[13:08] {Threei}  this is one cool setup, looked at it yesterday
[13:14] {Threei}  SLW, 1 min, .70 break was a setup,
[13:14] {Threei}  I'd likle to play it but conservatively,
[13:15] {Threei}  wait for pullback,
[13:15] {Threei}  enter around .70 or under with stop under .60
[13:19] {Threei}  here it is
[13:20] {Threei}  let's keep stop under .65 actually
[13:20] {Threei}  during lunch time, no sense in giving them too much room
[13:29] {Threei}  half out
[13:37] {Threei}  stop to .69
[13:37] {Threei}  going to start trailing tighter after .85 break
[13:55] {Threei}  spike
[13:55] {Threei}  no news yet
[13:55] {Threei}  out SLW in full
[13:55] {Threei}  .87
[13:56] {Threei}  held above trailed stop with amazing precision
[13:56] {dino}   out keyn +.20 ave
[13:57] {Threei}  nice
[14:00] {Threei}  no news... spike out of nowhere
[14:04] {dino} chk to .67
[14:04] {RonS} wow, some saying this was it...ECB's Stark Assuming Crisis Under Control or Overcome in 1-2Yrs
[14:04] {dino} out csh +.30
[14:04] {Threei}  lol
[14:04] {dino} out chk .71, +.16
[14:16] {thomcbell} 1) ECB Stark said crisis will be overcome in 1-2years....Merkel said at least 10 years earlier     2) Report that IMF exec.may be in-line to be next Greek PM also a possible positive for the market..      3) Italian Prime Minister Silvio Berlusconi said he’s “convinced” that tomorrow the government will secure a majority in a key vote, Ansa reported, citing c
[14:17] {Threei}  CNBC's Pisani attributing recent market strength to ECB's Stark predicting the end of the current crisis within 2 years time
[14:17] {Threei}  funny
[14:17] {Threei}  as if he knows
[14:18] {Threei}  I predict Stark will eat his words about 15 times during these two years
[14:18] {Threei}  together with 10-12 crows
[14:18] {Threei}  as a side dish
[14:29] {dino} out mdr ave +.12
[14:30] {Threei}  hehe... dino is sweeping the floor for each banknote lying in the corner
[14:30] {dino} getting lucky
[15:05] {dino} .
[15:06] {Threei}  (EU) Barroso: To present a report on possible treaty changes on Dec 9; will continue to pursue the financial transaction (tobin) tax
[15:06] {Threei}  imbecile
[15:09] {dino} auxl l .15
[15:13] {dino} brs?
[15:14] {Threei}  no news
[15:15] {dino} earnings at bell
[15:22] {dino} brs sm l .14
[15:23] {dino} out .44, +.30
[15:23] {RonS} gj
[15:23] {Threei}  nice one
[15:23] {dino} ty
[15:24] {Threei}  Generic Congressional Ballot: Republicans 44%, Democrats 37%
[15:24] {Threei}  I am telling you, generic republicans are doing very well
[15:24] {RonS} lol
[15:24] {Threei}  it's real ones that, ummm
[15:25] {RonS} you would think r reagan's nickname was generic
[15:25] {Threei}  yeah
[15:25] {Threei}  any chance we could see election with generic republican at helm?
[15:25] {Threei}  and he would run a country after winning
[15:26] {Threei}  you now... fiscally responsible generic one
[15:26] {Threei}  not a actual one with wallet wide open
[15:31] {RonS} see you guys tomorrow...was able to carve .40 out of dmnd ese size or should i say deci-patience size...
[15:31] {Threei}  take care ron, see you tomorrow
[15:31] {dino} gj, cya
[15:32] {swill} bye ron
[15:34] {thomcbell} lvs got nothing
[15:34] {patience} deci-patience?
[15:34] {Threei}  (GR) EU"S REhn: NExt Greece aid tranche may be provided in November if the Govt expresses its support for the EU aid package in writing
[15:34] {Threei}  lol
[15:34] {Threei}  govt can write anything
[15:35] {Threei}  then next day either change its mind, or dissolve and be rplaced by another govt
[15:36] {dino} i'm telling you, the greeks are taking what they can with the idea of a default
[15:37] {Threei}  and referendum will be their political cover
[15:37] {dino} indeed, they have no intention of paying it back
[15:37] {Threei}  "see, people said no"
[15:39] {dino} ande l .84
[15:43] {dino} out auxl +.05
[15:45] {Threei}  not seeing any play
[15:48] {swill} Thanks for interesting day
[15:48] {Threei}  sure thing
[15:48] {Threei}  profitable too
[15:48] {swill} yes
[15:48] {dino} out ande ave .055, +.215
[15:52] {dino} tough morning imo, afternoon got me green
[15:53] {Threei}  strong ending
[15:54] {Threei}  more noises from EU
[15:54] {Threei}  masy need another meeting, blah bah blah
[15:54] {dino} they've been meeting for a year +
[15:54] {Threei}  dino, Atlas Shrugged in on blueray tomorrow
[15:55] {dino} sweet, i did not see it yet
[15:55] {Threei}  neither did I
[15:55] {dino} read the book twice, luv it
[15:56] {Threei}  I know... that's why I updated you :)
[15:56] {Threei}  ok guys, thank you all
[15:56] {Threei}  have a great evening
[15:56] {Threei}  see you tomorrow
[15:57] {dino} cya
[15:57] {jakob} bye

Saturday, November 5, 2011

Nemo's Findings for week of 11/6

(Participation in the room in real time requires membership)

No video at the moment.  Don't have anything pithy to say and can't justify aggrandizing my ego....at the moment.  However, that tends to be a temporary condition that I can easily rationalize, so ya' never know.   Anyway, here are the images:



Remember, there are now multiple tabs so that you can look at each time period/study in isolation.  Starting from the left you have the composite of all, followed by the weekly, monthly, quarterly....finishing with the fib retracements, and the subjective levels.  Unfortunately, I can not rename the tabs, so they have a time period name.  All prices used in pivot calculations are taken from nasdaq.com

And here are the links to import the formats:

http://www.freestockcharts.com?emailChartID=dba0cda5-5682-4280-a6e3-0c9a824d1878

http://www.freestockcharts.com?emailChartID=97b1a81b-02b8-4680-a385-f2eceba2ef75


Friday, November 4, 2011

Market Week Wrap-up


Trade The News Weekly market update: Market Week Wrap-up

- Last week France and Germany struggled to hash out plans to prop up Greece, protect European banks from disaster and prevent contagion from overtaking Italy. This week Greek PM Papandreou threw all these accomplishments into question with a series of intricate and opaque political maneuvers, making a huge gamble in an attempt to secure domestic political support for the bailout. The back-and-forth in Athens whipped around global markets, with background accompaniment from the sound of MF Global collapsing, Italian PM Berlusconi making it up as he went along and peripheral debt yields soaring higher. On Monday afternoon, Papandreou shocked his European partners, the broader markets and even his own finance minister by announcing that his government would submit to a confidence vote and launch a public referendum on the bailout and perhaps even on Greece's continued membership in the euro zone. The move pulled the rug out from under European officials seeking investors for the newly strengthened EFSF (the Chinese, not inclined to invest in the first place were given even fewer reasons to buy EFSF bonds). In addition, it highlighted European discord just as "Merkozy" headed to the G20 summit to reassure the world that Europe could control the crisis. Yields on European debt shot higher, and spreads between peripheral debt and the German bund widened out to record levels. By late in the week it had become apparent that the referendum was merely a tactic to force Papandreou's political opponents to concede to the formation of some sort of unity government, provided the current Socialist (PASOK) leadership can survive a vote of confidence scheduled for later tonight. A vote of no confidence or the failure to form a unity government could lead to a disorderly default by Greece.

- On Thursday, the ECB unexpectedly cut its key rate by 25bps, reversing one of the two rate hikes it enacted in April and July. Commentators saw the cut as the potential beginning of the ECB drifting away from its single mandate of price stability and towards a greater focus on economic growth. This speculation was encouraged by comments from freshly-minted ECB President Mario Draghi, who in his first press conference commented on possibility of lowering the ECB's euro zone growth outlook with staff projections in December and warned that the euro zone could experience a mild recession. World leaders assembled in Cannes, France for the G20, where there were low expectations for collective action to stem the re-emergence of global recession. Risk-off sentiment only grew after German Chancellor Merkel stated in her post-G20 press conference that the members had failed to agree on a plan to boost the financial resources of the IMF, although they did agree on an "action plan" to increase economic growth. Kicking the can down the road, the G20 said they would meet again in February 2012 to work out the mechanisms for boosting IMF resources. In the US, the October employment report disappointed expectations, but higher revisions of September and August readings balanced out the fresh data. As expected, the Fed revised its economic forecast lower and gave additional indications that it would be prepared to enact further fiscal stimulus (read QE3) if the economic situation deteriorates significantly. For the week the DJIA dropped 2%, the Nasdaq fell 1.9% and the S&P500 declined 2.5%.

- It was another tough week for the financial sector, with the trouble in Greece merely providing a baseline of bad news for the entire sector. MF Global filed for bankruptcy on Monday morning, immediately after having its primary dealer status revoked by the NY Fed. CEO Jon Corzine had resigned his position by the end of the week. The Greek turmoil sent bank shares lower through Monday and before the open on Tuesday. On Thursday morning independent ratings firm Egan-Jones downgraded Jefferies' rating one notch to 'BBB-', warning that MF Global's problems have increased scrutiny of sovereign debt held by other medium-sized broker/dealers. Jefferies responded with a series of increasingly detailed disclosures on its positions in European sovereign debt, helping lift its shares off of their lows. Bank of America and several other major firms dropped plans for fees for debit card usage, citing the highly negative public reaction. In addition, BoA disclosed that it plans to issue approx $2.8B in new shares, despite months of assurances by CEO Moynihan that the bank had no need to raise additional capital.

- In financial services earnings news, MasterCard reported sharply higher Q3 profits, easily beating Wall Street estimates on double-digit increases in volumes. Allstate and health insurance giant Humana followed in the footsteps of major competitors and reported very strong profits. Hartford Financial's Q3 earnings and revenue were disastrous, thanks to charges from lower assumptions on future profits due to the decline in global stock values.

- In the energy patch, refiners Murphy Oil, Valero, and Marathon delivered very strong y/y profit growth thanks to low crude prices and excellent refining margins, easily beating out the Street's expectations. Profits at coal major Alpha Natural Resources were extremely strong. The firm's FY12 coal shipment guidance indicated more than 20% growth y/y, thanks to robust international demand.

- In the consumer segment, Kraft easily exceeded expectations and nudged its FY11 guidance slightly higher. Kellogg's earnings disappointed investors and the firm cut its FY11 guidance slightly. Prepaid wireless names Leap and MetroPCS had poor earnings results, although both noted that the third quarter is typically its worst quarter. Home improvement retailer Lowe's missed earnings targets by a wide margin, as revenue contracted from year-ago levels. Starbucks had a good quarter, with solid profit growth slightly ahead of expectations.

- There were a few poor industrial segment reports out this week. Engineering giant Fluor's quarterly profits disappointed investors and the firm failed to raise its full-year view. Foster Wheeler reported lower-than-expected Q3 profits as both its engineering and construction arm and its power unit posted declines. Shaw Group's results also widely missed expectations. Oshkosh was firmly ahead of consensus expectations, although like many other defense-oriented names, it lowered its defense segment guidance due to uncertainties in government spending.

- FX markets were highly volatile as dealers coped with the BoJ intervention, the MF Global bankruptcy and the continuing Greek drama. Last Friday EUR/USD failed to close above the pivotal 1.42 handle, and by Monday morning the cross was poised to drop below 1.40. The shocking announcement of the Greek referendum plan immediately forced the cross much lower, putting it just above 1.36. However, with all the twists and turns in the highly opaque process surrounding the referendum and the confidence vote in Greece, 1.3640-50 has again proved to be a formidable support level. The FOMC decision on Wednesday drove some dollar softness, however EUR/USD could not muster enough momentum to even reach 1.3870, and the cross probed the lower end of its recent range after ECB unexpectedly cut its key rate by 25bps.

- The BoJ backed up its recent rhetoric with action this week, undertaking unilateral currency intervention in the USD/JPY pair on Sunday night. Prior to the intervention, the dollar was testing fresh WWII lows against the yen, and as a result of the BoJ action the pair soared over 350 pips to test the 79.50 level where the G7 first intervened back in March. This was the BOJ's third solo intervention since Sept 2010, in addition to the G7 coordinated move in March. Dealers said that real money flows took advantage of the initial yen weakness in an attempt to take on the BoJ. The pair tested the 78 level for the remainder of the week.

- As promised in last month's meeting, the Reserve Bank of Australia responded to softer quarterly CPI data with a rate cut on Tuesday -- the first change in RBA stance since last November and the first easing since April of 2009. In his accompanying commentary, Governor Stevens reiterated that inflation is now consistent with the bank's 2-3% target, as softer labor conditions, anticipated decline in terms of trade, and slower growth in China all justify a "more neutral stance." Later in the week, the RBA Quarterly Policy Statement also called for lower 2012 GDP of 3.0-3.5% v 3.75% prior, and a core inflation target of 2.75%. Fixed income markets have fully priced in another 25bps cut in early December, which would be consistent with RBA tendency toward consecutive easing actions.

- The October China Manufacturing PMI was a big disappointment, hitting a 33-month low of 50.4, below the 51.8 consensus view and breaking a string of two consecutive rising prints. Sentiment from government and industry officials was similarly gloomy, setting up more disappointment for next week's industrial production data. State researcher Ba Shusong warned that growth may slow because of lagging exports, China Iron and Steel Association noted a pronounced slump in steel production since mid-October, and loans extended by China's top four banks were seen well off pace at just CNY200B. Pressure on the PBoC to back away from its "prudent" stance may continue to grow as China growth engine continue to sputter -- indeed, a press report late in the week suggested regulators have started to ease lending standards for some of the mainland banks.

Nemo's (End of Week Review) Findings...

(Participation in the room in real time requires membership)

Here is the video:




And here are the screenshots.  If the video isn't good enough, bring up the screen shots and just listen




Nov 04 2011

(Participation in the room in real time requires membership)


Nice end to the week. Started out a bit shaky, with couple stops, but then trade after trade went right, fixing the morning and taking us firmly in positive territory. Would hate to go on the weekend without profitable day.  Oh, and check out phenomenal trade on JEF done by one of our members around 14:40 and on - discussed and coached through by a few. Perfect sample of cooperation in the room.

Session Time: Fri Nov 04 00:00:00 2011
[09:13] {swill} morning
[09:15] {Threei}  (FR) French President Sarkozy: EU taking firm action towards Greece and developments to be discussed at the upcoming Euro Area meeting on Nov 7th - G20 press conference- Welcomes Italy measures to restore confidence
[09:15] {Threei}  good morning swill
[09:16] {jakob} good morning all
[09:18] {Threei}  jakob :)
[09:18] {nemo} what about me?
[09:18] {RonS} howdy y'all...
[09:18] {Threei}  nemo, ron :)
[09:19] {RonS} sorry to read about the job losses up north...
[09:20] {RonS} reading italian 10 yr yield to 6.63%
[09:20] {Threei}  uh
[09:20] {Threei}  that's nasty
[09:21] {Threei}  The best description of EU happenings I could think of:
[09:21] {Threei}  "This neurotic pursuit of sanity is driving us all crazy."
[09:21] {Threei}  (I am sure nemo can relate)\
[09:22] {nemo} I did see the word "homicide" in there, so no, I can't
[09:22] {Threei}  but... neurotic, crazy?
[09:23] {Threei}  come on, 2 out of 3 isn't bad
[09:24] {dino} gm all
[09:24] {Threei}  dino :)
[09:24] {_dustin12} good morning....
[09:25] {Threei}  dustin :)
[09:26] {Threei}  two opening ideas:
[09:26] {Threei}  RIMM short .50 break
[09:26] {Threei}  FXC short .70 break
[09:26] {nemo} fxc or fcx?
[09:26] {Threei}  FCX, sorry
[09:26] {nemo} doesn't matter to me...no account
[09:26] {Threei}  FCX half lot of course, gotta respect its opening volatility
[09:27] {Threei}  desirably if stays under .85
[09:27] {Threei}  if spikes at the open, will look for different trigger
[09:27] {Threei}  RIMM, too high, looking for different stup too
[09:29] {nemo} iwm at yesterday pivot, spy at vwap
[09:30] {Threei} Short Setup: RIMM  .60 break
[09:30] {Threei}  if stays under .70
[09:30] {Threei} Short Setup: FCX  .80 break half lot
[09:30] {Threei}  stop above .95
[09:32] {Threei}  no go
[09:32] {Threei}  RIMM invalidated for now
[09:33] {Threei} Short Setup: SLW  .60 break
[09:34] {Threei}  if stays under .70
[09:34] {ese} gm
[09:34] {Threei}  ese :)
[09:35] {Threei}  invaliated
[09:36] {Threei} Long Setup:  LVS  .80 break
[09:36] {Threei}  half lot
[09:37] {Threei}  if stays above .65
[09:37] {ese} in
[09:37] {Threei}  target 1:2
[09:37] {Threei}  two partials
[09:39] {Threei}  no go
[09:39] {Threei}  not delighted
[09:40] {ese} buggar....stopped
[09:40] {ese} .66
[09:43] {Threei} Long Setup:  SLW  .85 break
[09:43] {Threei}  if stays above .75
[09:44] {Threei}  target 36.20, three partials
[09:44] {Threei}  LVS rinsed
[09:45] {nemo} slw support .68
[09:46] {nemo} pivot at .60
06[09:48] * Threei kicks SLW in the rear
[09:49] {Threei}  need SPY to go through .50 finally
[09:49] {dino} iart sm l .50
[09:50] {Threei}  trailing SLW to .79
[09:50] {Threei}  it had its chance
[09:51] {Threei}  1:1
[09:51] {Threei}  half out
[09:52] {dino} out slw .90, +.05
[09:52] {Threei}  scalpers win
[09:53] {Threei}  no news for this SPY drop
[09:54] {Threei} Short Setup: RIMM  .40 break
[09:54] {Threei}  if stays under .50
[09:54] {Threei}  target 19.10 - .15
[09:55] {Threei}  formally, .45 high and you could say .46 is legitimate stop
[09:55] {Threei}  but it's just too close, easy to get shaken out
[09:55] {Threei}  1:1
[09:55] {Threei}  now stop to .46
[09:56] {dino} auxl sm l .65
[09:58] {Threei}  1:2 close enough for another partial
[09:58] {Threei}  and stop to .41 for the balance
[10:02] {dino} gj rimm
[10:02] {Threei}  target hit
[10:02] {Threei}  out
[10:02] {Threei}  ty
[10:02] {Threei}  breathing easier
[10:08] {Threei} Short Setup: SLW  .40 break
[10:08] {Threei}  if stays under .50
[10:09] {dino} keyn sm l .50 break
[10:09] {Threei}  invalidated
[10:14] {dino} keyn stop -.22
[10:14] {dino} .22
[10:15] {Threei} Short Setup: FCX  .70 break
[10:15] {Threei}  if stays under .80
[10:17] {dino} auxl stop .39, -.26
[10:18] {Threei}  SPY feels like crashing thorugh the floor any second now
[10:18] {Threei}  FCX target about .40
[10:19] {Threei}  if triggers finally
[10:20] {Threei}  1:1
[10:24] {dino} cov fcx +.10
[10:25] {Threei}  you are not fooling around eh dino? :)
[10:25] {dino} odd morning
[10:25] {Threei}  scalpers winm again
[10:25] {dino} fcx seems srong imo, considering mkt -150
[10:26] {dino} strongh
[10:26] {Threei}  anyway, this trade took back in green
[10:26] {dino} strong, sheesh
[10:26] {Threei}  lol
[10:26] {Threei}  don't resist this... it's conversation with us that rubs off of you and makes your typing misrable
[10:26] {dino} type one handed w/o looking
Session Close: Fri Nov 04 10:27:45 2011

Session Start: Fri Nov 04 10:27:45 2011
Session Ident: #discussions
02[10:27] * Disconnected
02[10:27] * Attempting to rejoin channel #discussions
03[10:27] * Rejoined channel #discussions
[10:30] {dino} 07 red
[10:30] {Threei} Short Setup: ADBE  .65 break
[10:31] {Threei}  big shares, small scalp
[10:31] {Threei}  if stays under .70
[10:36] {Threei} Short Setup: LVS  .60 break
[10:36] {Threei}  if stays under .70
[10:37] {RonS} dino, chk
[10:38] {dino} hmmm
[10:38] {dino} sm l .01
[10:40] {Threei}  1:1, half out
[10:40] {Threei}  scalpers know what to do
[10:41] {RonS} chk sm l .89
[10:41] {dino} nihd sm l .25
[10:49] {RonS} this statement unconfirmed but this guy makes me want to puke:  Obama on TV at G20 .... says the summit just caused us to avoid another depression
[10:50] {Threei}  ADBE invalidated
[10:50] {dino} he's the biggest idiot i can think of
[10:51] {RonS} well, 3i says les is coming back...
[10:51] {RonS} :)
[10:51] {dino} lol
[10:52] {swill} back in 45
[10:53] {thomcbell} obama will get re-elected
[10:53] {thomcbell} the electorate is insane
[10:53] {Threei}  thmc... very likely unless republocans find the way to run Generic Republican {G}
[10:53] {Threei}  all polls show that that guy is the only one who beats him reliably
[10:54] {dino} you think he's bad now, just imagine him re-elected. he will call himself a god
[10:56] {dino} veco spike
[10:56] {RonS} hearing china led push...
[10:57] {dino} thx
Session Close: Fri Nov 04 10:59:32 2011

Session Start: Fri Nov 04 10:59:32 2011
Session Ident: #discussions
02[10:59] * Disconnected
02[10:59] * Attempting to rejoin channel #discussions
03[10:59] * Rejoined channel #discussions
[11:01] {Threei}  OK, let's try and find couple more to add to green\
[11:01] {Threei}  SLW, forms long setup,
[11:01] {Threei}  but I'd like to get in on a pubbacl,
[11:02] {Threei}  desirably just under .20
[11:02] {dino} is that a pub?
[11:02] {Threei}  sigh
[11:02] {Threei}  it's a pullback typed with fins
[11:03] {dino} keyn sm l .40
[11:03] {Threei}  no pullback
[11:06] {RonS} chk trail stop to .45
[11:07] {Threei}  SLW really got way
[11:07] {Threei}  shouldn't try to be cute
[11:07] {Threei}  not my forte {G}
[11:07] {RonS} out chk .89 to .45  +.56
[11:07] {Threei}  wtg ron
[11:07] {dino} gj
[11:07] {thomcbell} very nice Ron
[11:09] {Threei} Long Setup:  FCX  .80 break
[11:09] {Threei}  if stays above .70 for scalpers, .65 for day traders
[11:10] {Threei}  can easily turn into milk trade
[11:10] {Threei}  SPY has a look and feel of resuming its daily slow creep-up
[11:10] {Threei}  in absence of another Greece referendum of course
[11:15] {RonS} auxl sm l .08 s/l lod
[11:15] {thomcbell} vrus defended at citi about a bukc ago
[11:15] {thomcbell} no discernable pattern
[11:15] {thomcbell} but watching
[11:15] {thomcbell} u can take credit for that Vad
[11:16] {dino} out chk .41, +.40
[11:17] {Threei}  hmm
[11:17] {Threei}  ok, if you insist... not sure how it works, but credit is credit :)
[11:17] {Threei}  FCX is invalidated
[11:18] {thomcbell} trade valid setups only....
[11:19] {thomcbell} and sit until they present themselves
[11:19] {RonS} wow, and i thought it was trade vad setups only...
[11:19] {dino} vad=valid
[11:19] {RonS} :D
[11:19] {Threei}  you guys are mean
[11:20] {dino} auxl sm l .10
[11:20] {Threei}  I am proud to be associated with you
[11:22] {thomcbell} i got ur back Vad !
[11:22] {Threei}  thank you
[11:23] {dino} open spike
[11:23] {Threei}  just watch yours... for nemo, every back has a target painted on it by default :)
[11:24] {Threei}  OPEN Morgan Stanley discloses a 5.9% passive stake in the company - filing
[11:25] {dino} chk
[11:26] {dino} sm l .60
[11:27] {RonS} jef sm l .42  s/l .29
[11:27] {dino} lng l .27
[11:29] {Threei}  I am tryign to under stand here one thing:
[11:29] {Threei}  this pullback to day's low from 124.60s,
[11:29] {RonS} ...know one of the founders of lng...jewish guy from denver...named smith no less...truth stranger than fiction
[11:29] {Threei}  it broke the uptrend for the rest of the day, or it was just a shakeout
[11:30] {dino} gut says shakeout
[11:30] {Threei}  mine does too
[11:30] {RonS} jef trail stop .37
[11:30] {dino} market feels like it wants up
[11:34] {Threei}  I didn't realize Groupon IPO was today
[11:34] {thomcbell} fcx vad?
[11:34] {thomcbell} thru 39.82?
[11:34] {Threei}  .80
[11:35] {Threei}  good enough as a trigger
[11:35] {Threei}  and SLW, .65
[11:37] {dino} out keyn .79, +.39
[11:37] {RonS} out jef .46 +.04  too thick
[11:46] {thomcbell} what are u showing vwap on spy -
[11:46] {thomcbell} dont have my usu setup today
[11:46] {thomcbell} power out in nj all week
[11:47] {swill} back
[11:48] {dino} 124.78
[11:51] {dino} chk to b/e
[11:53] {Threei}  I hate it
[11:53] {Threei}  things stalled
[11:53] {Threei}  nothing happens
[11:53] {Threei}  and I stringly intend to make it a good Friday
[11:53] {Threei}  well... better one at least
[11:54] {dino} out chk +.04
[11:56] {dino} iart to flat, stuck
[11:56] {thomcbell} slw still looks interesting
[11:57] {thomcbell} nice volume bar a few back on 5 min
[11:57] {Threei}  yes
[11:57] {Threei}  neds market help to resolvew
[11:57] {RonS} ya, at least auxl moving...hehe
[11:58] {dino} roflol
[11:58] {dino} just tried to sell nihd and realized it hard stopped out earlier
[11:59] {RonS} ya, putting nihd in the "dead to me" category
[11:59] {dino} another story?
[12:00] {dino} out iart flat
[12:00] {RonS} when i take 3 losses..."dead to me"...now about through half the board
[12:00] {RonS} :)
[12:00] {dino} ahhh
[12:01] {dino} vwap
[12:01] {RonS} keyn target 21.60
[12:02] {RonS} needs to go pulp
[12:02] {dino} out at .79 here
[12:02] {patience} good morning
[12:03] {Threei}  patience :)
[12:03] {RonS} you must be gorgeous...
[12:03] {patience} you talking to vad or me
[12:03] {RonS} ...got lots of beauty sleep...
[12:04] {patience} made $14k yesterday....thought I could back off today
[12:05] {dino} wow and i was happy w/$800
[12:05] {patience} my experience has been
[12:05] {patience} i'm either making my daily
[12:05] {patience} then i start making around 5k a day
[12:06] {patience} then market changes, i make around 10k a day
[12:06] {dino} awesome
[12:06] {patience} when it hit like yestesterday
[12:06] {patience} i take the money and run
[12:06] {patience} i'm in cash
[12:06] {patience} because everytime this has happened to me
[12:06] {patience} market that i trade
[12:06] {patience} meaning this time it is gold and silver
[12:06] {patience} tanks hard
[12:07] {patience} i  think silver will tank hard first
[12:07] {patience} but
[12:07] {dino} ahhh
[12:07] {patience} i trade what i see
[12:07] {patience} :)
[12:07] {patience} right vad
[12:07] {dino} you're a rock star patience
[12:07] {patience} another thing i learnt about my style of trading
[12:08] {patience} i tend to trade the one favourite of the sector that it is on fire
[12:08] {patience} i look for the one that just does it consistantly upwards, slowly, no rockets, no hft target
[12:08] {patience} so in this instance i trade hg
[12:08] {patience} hgu
[12:08] {patience} and i trade big lots
[12:11] {RonS} out auxl -.04
[12:11] {dino} its a dog
[12:12] {RonS} bill murray in ghostbusters:  "my girlfriend's a dog..."
[12:13] {dino} i'm a mog, half man half dog. i'm my own best friend - john candy spaceballs
[12:19] {Threei}  I am out SLW here
[12:19] {Threei}  thomc, you?
[12:20] {thomcbell} i didnt play
[12:21] {Threei}  oh
[12:21] {thomcbell} y - i have no positions and dealing with some stuff off line
[12:21] {jakob} i got in at .66 and got rinsed .53
[12:22] {Threei}  yeah, it did that first time
[12:22] {Threei}  took some mental effort to go for a second
[12:22] {Threei}  and felt like being stubborn
[12:22] {Threei}  which it probabkly was, lol
[12:22] {dino} auxl stop -.11
[12:30] {RonS} out keyn .48 to .76  +.28 weakened...
[12:31] {patience} in anr, reported yesteday (coal)
[12:31] {dino} lng to .39
[12:34] {dino} out +.12
[12:35] {RonS} gj
[12:35] {dino} ty
[12:36] {RonS} even though patience is thinking "you suck"...
[12:36] {dino} jazz blood
[12:36] {RonS} :D
[12:36] {dino} lol ron
[12:36] {patience} ron bad
[12:37] {dino} no worries, i am one of 5, so thick skin
[12:37] {RonS} 200 day at 33.38
[12:39] {dino} fio spike
[12:40] {dino} damn can't borrow
[12:42] {dino} auxl gap fill
[12:44] {dino} chk
[12:46] {MigC} chk
[12:47] {RonS} i'll bite...chk
[12:47] {RonS} w/ the post not buying here...
[12:47] {dino} would like to see closer to lod
[12:48] {RonS} dino...hearing mcp ceo on cnbc in 10 minutes for an hour...if there is a short covering spike it could be a good short...i cannot short
[12:50] {dino} nor i
[12:52] {dino} sm l chk .15
[12:53] {RonS} check that mcp ceo appearance scheduled for 1:30 edt
[13:03] {Threei}  you should hear the comment my wife made seeing that 85 people like me on facebook
[13:03] {dino} lng l .48
[13:04] {RonS} well...
[13:04] {dino} surprised i take it
[13:04] {Threei}  "I am married to you, I kind of have to... what's their excuse??"
[13:04] {RonS} lol..."i kind of have to"...
[13:05] {dino} auxl l .91
[13:09] {RonS} ha, took mcp on squeeze expectation... .86 to 39.40  +.54
[13:09] {Threei}  nice
[13:09] {Threei}  and didn't share with us
[13:10] {Threei}  not nice
[13:10] {Threei}  and christmas is coming... what list are you going to be on, nice or...??
[13:10] {dino} gj
[13:10] {RonS} 10:54  RonS  check that mcp ceo appearance scheduled for 1:30 edt
[13:11] {Threei}  hmmm
[13:11] {Threei}  (US) Fed's Tarullo: There is a need to deal with foreign bank reliance on Dollar funding; must do more to help cut risk of runs on financial institutions- 2012 priority should be with handling the larger financial institutions
[13:11] {Threei}  I thought it was part of being a reserve currency
[13:12] {dino} they need to just shut up
[13:17] {dino} chk stop .25, +.10
[13:20] {dino} stop lng .44, -.04
[13:25] {dino} auxl stop .99, +.08
[13:31] {thomcbell} adsk lng setup 35.01 VAD?
[13:31] {Threei}  I think sop
[13:31] {Threei}  so
[13:36] {RonS} nuts jef...
[13:41] {RonS} cedc sm l .22
[13:43] {dino}  what a fall cedc
[13:43] {Threei}  good boy ADSK
[13:43] {thomcbell} spy pivot 125.43?
[13:44] {Threei}  took it thom?
[13:44] {thomcbell} yes adsk
[13:44] {thomcbell} 1:1
[13:44] {thomcbell} lol
[13:44] {dino} out adsk .13, +.12 ty tbell/vad
[13:45] {Threei}  :)
[13:45] {Threei}  day slowly turns into fairly solid
[13:45] {thomcbell} yw
[13:45] {Threei}  despite shaky start
[13:45] {thomcbell} anything out there for this strength
[13:45] {thomcbell} fcx damn
[13:45] {thomcbell} good tell with it down 0.30 cents most of the day
[13:46] {Threei}  gut was right about that pullback being last shakeout befor slow cree-up
[13:46] {dino} going for open gaps
[13:49] {RonS} cedc trail stop .25
[13:52] {RonS} out cedc +.04
[13:52] {dino} chk lod
[13:54] {dino} l .95
[13:56] {RonS} hearing some kind of news conference in 3 min...
[13:57] {dino} for who? chk?
[13:58] {RonS} no europe or some other bs...
[13:58] {dino} ok
[14:01] {RonS} Leucadia Buys Another 500k Shrs of $JEF; Bought 1m Shrs Yesterday
[14:03] {RonS} oops iart...
[14:09] {Threei}  (GR) Greece PM Papandreou to propose Fin Min Venizelos as the replacement PM for the caretaker Govt - financial press
[14:12] {dino} out chk .09, +.14
[14:22] {RonS} ok, something for the weekend but be forwarned...not all may enjoy it :  http://tinyurl.com/3dj5s3o
[14:23] {RonS} btw the ending is freakin hilarious...
[14:25] {Threei}  is whle world watching it? buffering forever
[14:26] {Threei}  I saw a few references to this video, can't get to watch it
[14:27] {patience} won't get past buffering for me either
[14:27] {RonS} ...works fine for me through the link...and loads instantaneously...nsa prob monitoring canuckian access...
[14:27] {RonS} :)
[14:28] {Threei}  could be
[14:29] {Threei}  some content has this label sometimes, not for outside of USA due to licensing limitations
[14:29] {Threei}  but this one simply won't play, no warnng
[14:32] {Threei}  even news stopped
[14:37] {thomcbell} this jef is interesting me now
[14:37] {thomcbell} lot of volume on that spike and not retracing
[14:37] {thomcbell} much
[14:37] {thomcbell} no pattern vad!
[14:41] {thomcbell} JEF is a hostage just like the rest of the market
[14:41] {Threei}  kind of trying to frm upward move
[14:41] {Threei}  but not very reliable
[14:42] {thomcbell} im still long a partial from 11.80ish level and using a 11.98 stop
[14:43] {dino} on jef? why stop so far away?
[14:43] {Threei}  latest low is 12.10
[14:43] {Threei}  I'd trail under it
[14:44] {dino} put that sucker at .19
[14:44] {thomcbell} ok thanks
[14:44] {dino} now .24
[14:44] {dino} now .29 imo
[14:44] {dino} keep it .06 away
[14:45] {dino} .35 imo
[14:45] {Threei}  dino keeps leash really really short :)
[14:45] {dino} nice trade btw
[14:46] {Threei}  "you bite, bad dog, or don't even think of barking"
[14:46] {dino} i'd be out, w/.60 gain
[14:48] {dino} you know vad, it's not that i bite, it's just that the one thing that really gets me mad is giving back gains. "it grinds my gears"
[14:48] {Threei}  I am right there with you
[14:49] {dino} see in this case, up .50+, why give .30 back?
[14:49] {Threei}  didn't mean you by that dog... meant your attitude toward stock, ala dogs
[14:49] {dino} well, some would see it differently, :D
[14:52] {thomcbell} 2/3 sold on jef
[14:52] {thomcbell} 12.28 stop on rest
[14:52] {dino} gj, thats another way to do it
[14:55] {Threei}  the best
[14:56] {thomcbell} breaking out of a nice pattern now on 2 day chart
[14:56] {dino} took chk .00 to ,09 too fast to post
[14:56] {thomcbell} nice cup and handle
[14:56] {thomcbell} jef
[14:57] {dino} where's your stop now if i can ask?
[14:58] {dino} .57?
[14:58] {thomcbell} 0.48
[14:58] {thomcbell} only have 20% left
[14:58] {dino} i'd hide behind those .58 bids
[14:58] {dino} but i am stingy.
[14:58] {thomcbell} dont have level 2 - right now
[14:59] {dino} great trade thomcbell
[14:59] {thomcbell} tu
[14:59] {dino} wow, how can you trade w/o
[14:59] {thomcbell} Vad and the rest of u been HUGE HELP
[14:59] {dino} 5k at .61
[14:59] {dino} hide there
[14:59] {dino} glad to help
[15:00] {dino} big bids .71 hide
[15:00] {dino} .76 now
[15:00] {dino} you da man on that trade, wtFg
[15:01] {Threei}  beuatiful
[15:01] {dino} big bids .84
[15:03] {thomcbell} 12.80 stop on balance
[15:04] {thomcbell} i need lessons on that
[15:04] {thomcbell} out thanks for the assist dino
[15:05] {RonS} gj...hearing now that they will detail all of their positions after the bell
[15:06] {dino} great trade
[15:07] {thomcbell} i thought they did already
[15:07] {dino} pretty good drop off
[15:07] {RonS} they did but they were the positions at the end of august i think
[15:07] {dino} yeah, they did earlier 2:45 cyber had it
[15:08] {dino} falling hard
[15:08] {dino} keyn drop
[15:13] {swill} back from driving
[15:14] {RonS} car or golf ball?
[15:14] {swill} lol car
[15:18] {dino} keyn sm l74
[15:18] {dino} .74
[15:22] {thomcbell} watching osk for a rinse
[15:22] {thomcbell} maybe around 20.70 level
[15:23] {dino} ican 6 board members osk
[15:27] {dino} out keyn .94, +.20
[15:29] {dino} have to get my daughter, maybe back for close.
[15:29] {dino} good week for me, thx vad, ron, and others'
[15:29] {swill} are you taking golden?
[15:29] {dino} yes
[15:29] {swill} have a good one
[15:30] {RonS} cya dino
[15:30] {dino} she's slowing down, 13 1/2 yrs old
[15:30] {dino} :)
[15:30] {Threei}  take care dino
[15:35] {RonS} outta here too...good weekend to all...
[15:36] {swill} cy ron
[15:46] {Threei}  OK guys, I am pretty sure we deserved a relaxing weekend
[15:47] {Threei}  wasn't the easiest week, and we managed to make a) profitable and b) boring
[15:47] {Threei}  which is not a small feat
[15:47] {swill} thank you very much vad
[15:47] {Threei}  very welcome
[15:47] {Threei}  have a great weekend, see you all Monday morning
[15:47] {thomcbell} take care - good stuff all of you
[15:48] {swill} houston out
[15:48] {_dustin12} thanks
[15:48] {_dustin12} bye,great weekend
[15:49] {Threei}  tae care dustin
[15:49] {patience} ty vad, great week, one trade for me today, positive and modest   :)
[15:49] {Threei}  see you Monday
[15:49] {jakob} bye all, see you Monday
[15:49] {swill} fall back spring forward

Thursday, November 3, 2011

Nov 03 2011

(Participation in the room in real time requires membership)

Very inactive day for us (what else is new, slow climb), but we still managed to squeeze some profit out of this. 



Session Close: Thu Nov 03 00:23:51 2011

[09:08] {swill} :) morning
[09:08] {Threei}  swill :)
[09:18] {ese} gm....am back
[09:18] {dino} gm all
[09:18] {Threei}  ese :)
[09:18] {Threei}  dino :)
[09:18] {ese} vad dino
[09:18] {jakob} good morning
[09:18] {ese} jakob
[09:19] {RonS} gm gents, ruffians and ladies
[09:19] {patience} which one am I?
[09:19] {ese} count me in as a ruffian
[09:19] {dino} hate these gap up opens
[09:21] {dino} gaps above 11956, 12231;  2360, 2401;  1253, 1285
[09:22] {Threei}  jakob, ron :)
[09:22] {larisa} gm :)
[09:23] {Threei}  larisa :)
[09:25] {dino} mdvn
[09:26] {Threei}  so, market gap as far as I can tell is based on probable Greece PM resignation, which opens possiility of referendum cancellation
[09:27] {patience} and then what
[09:27] {Threei}  good question
[09:27] {RonS} wow, mdvn and i thought meli was a gap
[09:28] {RonS} mdvn all over an upgrade r u kidding me?
[09:29] {Threei}  positive interim [hase III result
[09:29] {RonS} nope, prostate cancer drug
[09:29] {Threei}  right
[09:29] {dino} mdvn prtate cancer trial
[09:32] {dino} 11956 filled
[09:33] {Threei} Long Setup:  FCX  .50 break half lot
[09:33] {Threei}  if stays above .35
[09:34] {Threei}  .short slw .50 break
[09:34] {Threei} Short Setup: SLW  .50 break
[09:34] {Threei}  if stays under .60
[09:35] {Threei}  target .20
[09:36] {Threei}  no go
[09:38] {Threei} Long Setup:  RIMM  .80 break if holding .70
[09:40] {Threei}  SLW rinsed
[09:42] {dino} gut feel, markets going to go down
[09:42] {patience} totally
[09:43] {RonS} copper weak
[09:43] {Threei} Short Setup: FCX  .10 break
[09:43] {Threei}  aggressive entry for 40
[09:43] {Threei}  stop above .20
[09:46] {Threei}  grrr
[09:48] {dino} 07 red
[09:50] {cipher} s ibm .22
[09:50] {Threei}  can't believe it, another rinse
[09:50] {Threei}  look at FCX
[09:50] {dino} cov fcx .76, +.34 ty 3i
[09:50] {Threei}  welcome
[09:51] {Threei}  (GR) Greek govt spokesperson: PM still plans to go forward with referendum plan - press
[09:51] {Threei}  if he is still PM that is
[09:52] {cipher} out ibm .82 +.40
[09:52] {dino} funny in a way, "hey, we will cut your debt in half, how does that sound?" response, we'll have to think about it
[09:53] {Threei}  and we are mad at you
[09:54] {Threei}  nice on cipher
[09:54] {dino} sure, because its not our fault, you loaned it to us
[09:54] {Threei}  one
[09:54] {dino} gj cipher
[09:54] {RonS} copper diving
[09:55] {Threei} Short Setup: RIMM  .45 break
[09:56] {Threei}  1:1
[09:58] {Threei}  biggest optimist on earth:
[09:58] {Threei}  Euro vs US Dollar Euro edging towards session lows after ECB President Draghi commented that Euro Zone could experience a mild recession
[09:58] {Threei}  to me sounds like concern about mild headache a few min before facing the firing squad
[09:59] {Threei}  *(US) OCT ISM NON-MANUFACTURING: 52.9V 53.5E
[09:59] {Threei}  *(US) SEPT FACTORY ORDERS: +0.3% V -0.2%E
[10:00] {dino} open gaps filled
[10:01] {Threei}  1:2 RIMM
[10:01] {Threei}  out
[10:01] {Threei}  finally a decent one
[10:01] {Threei}  a little easier to breathe
[10:01] {swill} ty
[10:01] {Threei}  yw
[10:01] {Threei}  but I can't even look at FCX
[10:02] {Threei}  RIMM, how low does it go before someone finally has mercy and offers a pitifully sized buyout for some of patents
[10:03] {RonS} rimm l .18
[10:07] {Threei} Long Setup:  FCX  .50 break
[10:08] {Threei}  stop under .40
[10:09] {Threei}  target 1:3
[10:09] {Threei}  1:1
[10:09] {dino} coh sm l .20
[10:09] {Threei}  1:2
[10:09] {dino} out fcx
[10:09] {dino} +.19 ty vad
[10:09] {Threei}  :)
[10:11] {dino} coh not moving stop to .09
[10:11] {dino} stop -.11
[10:12] {RonS} out rimm flat
[10:12] {Threei}  OK, life is significantl;y easier
[10:12] {dino} you froze rimm
[10:13] {Threei}  that morning rinse was somewhat nasty, but with these two trades day became tolerable
[10:13] {Threei}  let's see if we can turn it bright
[10:13] {Threei}  and one way we are not going to achieve that is going long RIMM {G}
[10:16] {Threei} Short Setup: SLW  .40 break
[10:16] {Threei}  if stays under .50
[10:16] {Threei}  nah
[10:19] {Threei} Long Setup:  LVS  .70 break
[10:19] {Threei}  if stays above .60
[10:19] {dino} ppo spike
[10:20] {Threei}  target 1:2
[10:21] {dino} sm s .41 ave
[10:21] {Threei}  1:1
[10:21] {Threei}  half out, stop to under b/e
[10:22] {Threei}  scalpers win
[10:22] {pragmatic} ty
[10:23] {Threei}  yw
[10:23] {Threei}  let me guess... scalper?? :)
06[10:23] * pragmatic :)
[10:24] {Threei}  there should be one more good trade somewhere to finish first hour...
[10:24] {dino} stop ppo
[10:25] {Threei}  rion... what do you know, your RIMM did go up after all
[10:25] {Threei}  ron
[10:26] {RonS} ya took it again at .20 but was too embarrassed to admit it
[10:26] {RonS} out at .38
[10:27] {Threei}  lol
[10:27] {Threei}  wtg
[10:30] {Threei}  (IT) IMF spokesperson: have not received any request from Italy for financing
[10:30] {patience} that's because he won't pick up the ringing phone
[10:31] {Threei}  Italy: because we have no money for the envelop
[10:31] {Threei}  and post stamp
[10:36] {RonS} classic qotd from reformed broker:  I wouldn't underestimate the $JEF CEO, anyone who grew up with the name Dick Handler has gotta be a tough sonofabitch
[10:36] {patience} laughing
[10:37] {dino} lol
[10:39] {Threei}  hehe
[10:39] {swill} jb rimm ?
[10:40] {Threei}  formally yes... but I'll stay away
[10:40] {Threei}  it's a very tough play on a long side
[10:40] {Threei}  there are easier ways to squeeze a dime
[10:41] {swill} thnks
[10:43] {Threei}  have you had enough of this referendum on referendum off crap?
[10:43] {Threei}  (GR) Additional reports that the Greece referendum proposal has been cancelled- Reminder: There have been conflicting reports this morning ranging from a PM resignation in Greece, a confidence vote on or off, and whether a referendum would be called
[10:46] {dino}  chaos
[10:46] {patience} vad, have you any sense of gold stocks here
[10:46] {dino} 125.33 r2
[10:46] {Threei}  up for now...
[10:48] {patience} ty
[10:51] {Threei}  things stalled a bit
[10:51] {Threei}  need couple new headlines from Greece and Italy
[10:54] {dino} just reading vads answer to patience, reminds me of ghostbusters.
[10:54] {dino} "where do those stairs go?" "up"
[10:54] {thomcbell} lvs no strength at all on this bouce
[10:55] {thomcbell} nice bounce off low then distribution
[10:55] {Threei}  and stays red in greenish market
[10:55] {Threei}  good catch
[10:56] {Threei}  any market weakness should kill it
[10:58] {dino} ppo another spike
[10:58] {Threei}  here goes LVS
[11:01] {Threei}  (GR) Greece PM Papandreou: Would never place the Euro Zone membership question to a referendum; will speak to opposition leader Samaras personally to work out a way forward- If can cooperate in a unity Govt, no referendum will be needed. - Pleased that the opposition supports the Oct bailout agreement.
[11:08] {RonS} lol...Jefferies cuts price target on Jefferies. Sites European debt exposure. $JEF
[11:09] {Threei}  lol
[11:09] {RonS} oh boy...JEF CEO Dick Handler offers stiff defense of his company's balance sheet
[11:10] {dino} lol
[11:10] {ese} WHAT!!!!!!!! an idiot......papandreou
[11:10] {ese} he's ex army isn't he?
[11:11] {RonS} nah...drummer...
[11:11] {ese} lol
[11:25] {Threei}  yawn
[11:25] {swill} any c and h showing up?
[11:27] {swill} I could use one
[11:31] {dino} wts, ppo maybe rolling over
[11:32] {dino} damn it missed ppo
[11:35] {dino} sono
[11:35] {dino} news
[11:36] {RonS} got nada
[11:38] {dino} sm s .80
[11:39] {dino} stop
[11:39] {dino} spikes are brutal today
[11:50] {dino} smr s ave .70 risky gappy wide
[11:59] {Threei}  (GR) Netherlands Fin Min: Will not be pressured into weakening the conditions for the Greek bailout program
[12:04] {Threei}  what a total stall
[12:06] {RonS} ...waiting for bozo...instead of waiting for godot
[12:07] {Threei}  you mean nemo?
[12:07] {RonS} no, a statement from the bozo du jour...
[12:08] {RonS} we know what nemo says...vwap, r1, s2 et al...bunny is calling etc
[12:08] {RonS} :)
[12:09] {RonS} oh, forgot...where's my drink?
[12:09] {dino}  lol
[12:15] {Threei}  what I am looking forward is Les and nemo duking it out
[12:16] {Threei}  boy, do those two work together
[12:28] {Threei}  OccupyVictoria protesters held an emergency meeting last night after their water and electricity were cut off by the city
[12:28] {Threei}  emergency meeting eh
[12:29] {patience} they are a polite group, they agreed to move out of the space they are occupying so city workers could put up christmas lights
[12:30] {patience} watch, a judge will agree you can cut off electricity but will make the city provide water as necessary to human life
[12:31] {Threei}  in Victoria, easily
[12:32] {Threei}  (GR) Greece PM Papandreou: New elections at the moment would be 'catastrophic'; Referendum provides a solution for alliances and decisions; will provide answers domestically and internationally- Notes that he trusts the 'wisdom of the Greek people'; highlights that EMU partners have acknowledged the rights to hold a referendum.
[12:32] {Threei}  - Notes that the options he saw available were a referendum, consensus or new elections; eventually settling on a referendum as the only option.
[12:32] {Threei}  - The Brussels bailout deal from October 26th would be the central issue to be debated in the referendum. - Rejection of the bailout deal would signal the beginning of Greece's departure from the euro zone.
[12:32] {Threei}  - Plans to have further talks with opposition parties, cannot accept or reject their terms out of hand.
[12:32] {Threei}  - Conditions for cooperation are specific policy ideas. One condition is for the Socialist Party to be solidly united, confidence vote on Friday is crucial, confidence bote will guarantee Socialist party cohesion.
[12:32] {Threei}  - Nothing is off the table in talks with the opposition.
[12:32] {Threei}  ***Reminder: Earlier the ruling party indicated that new elections may result in a bankruptcy
[12:32] {dino} seems to me these are not areas for camping
[12:33] {patience} doesn't matter, the public has been told by the courts they can squat in public places
[12:33] {patience} you can sleep overnight but have to leave during the workday usually
[12:40] {RonS} can you say cluster?  from ap:  BREAKING: Greece's premier: Opposition invited to join debt deal negotiations.
[12:41] {dino} you forgot the f part
[12:45] {Threei}  will these idiots ever shut up?
[12:45] {Threei}  (GR) Greece Fin Min Venizelos: Greece must assure the world it is not holding the referendum; must inform partners that it will do all it can to implement the bailout
[12:45] {dino} yadda yadda yadda
[12:46] {Threei}  unbelieavable
[12:46] {Threei}  translation:
[12:46] {Threei}  we must assure the woprld we are willing to ignore what people who elected us want;
[12:47] {Threei}  we must inform the world that we will shove this bailout in people's throats
[12:47] {Threei}  oh and:
[12:47] {RonS} Flash: Obama Gets Subpeonaed
[12:47] {Threei}  we must pretend that things will get fixed somehow
[12:48] {dino} ppo smr s .94 wide
[13:03] {dino} cov ppo .20, +.74
[13:04] {RonS} wtg
[13:04] {dino} ty
[13:15] {thomcbell} molto bene Dino
[13:15] {dino} ?
[13:16] {thomcbell} ppo
[13:16] {dino} :)
[13:17] {dino} not much afternoon movement lately
[13:18] {Threei}  yeah, I am losing fight with sleep
[13:18] {dino} my golden is snoring away next to my chair
[13:30] {dino}  xec drop
[13:31] {RonS} conference call ongoing
[13:31] {dino} ty
[13:35] {Threei} Short Setup: RIMM  .80 break
[13:35] {dino} sm l .00 xec
[13:36] {dino} out .40, +.40
[13:37] {dino} cov sono .27, +.43
[13:38] {dino} took forever
[13:38] {RonS} caught xec 60.50 to 61.25  thanks dino
[13:40] {dino} lol, you always get more out of my picks than i
[13:40] {RonS} uh, well many i don't take and get 0...
[13:40] {dino} good point
[13:42] {RonS} hearing atvi could have toy of year w/ skylander...anyone familiar w/ it?
[13:43] {RonS} looks cool to me but no kid here...
[13:43] {dino} no
[13:43] {patience} is it gold plated?  if not, nope
[13:43] {Threei}  (EU) EU's Barroso: Latest information gathered indicates that Greece is not planning to hold a referendum
[13:43] {Threei}  but the next information is expected in 3 min
[13:43] {RonS} ya mean like your jewelry?
[13:43] {dino} yes, no, yes, no, yes, etc
[13:43] {RonS} :D
[13:44] {patience} patience checks her teeth
[13:44] {Threei}  amazing thing about all this is,
[13:44] {RonS} lol
[13:44] {Threei}  in their rush to solve this second problems, they totally lost a feel of how it all looks:
[13:45] {Threei}  their decisions are against the will of people, and they are scared to death of that will veing expressed
[13:45] {Threei}  Just look at this mad dash to squeeze the idea of referndum
[13:46] {Threei}  normally politicians are more refined in what they say, and there would be a lot of sugarcoating abut how they respect etc etc
[13:46] {Threei}  but in this panic they lost their composure
[13:46] {Threei}  RIMM 1:1 btw
[13:46] {Threei}  and revealed their true face
[13:46] {dino} they are about to lose their heads (thats why military heads fired)
[13:47] {Threei}  yeah, that was quite a move
[13:47] {dino} coup
[13:47] {Threei}  deperate too - if those fired ones are popular and have influence, they can easily become a center of the coop
[13:47] {Threei}  coup
[13:48] {Threei}  just ask Gorbachev how firing Yeltzin wrked out for him
[13:48] {RonS} k sm l .16
[13:51] {dino} xec drop
[13:53] {Threei}  (GR) Greek opposition leader Samaras asked for PM to resign; does not want to govern jointly
[13:53] {dino} roflol
[13:54] {dino} default is coming
[14:15] {thomcbell} k downgraded
[14:15] {thomcbell} just now
[14:15] {thomcbell} ubs
[14:15] {RonS} thxs out -.10
[14:19] {thomcbell} positive trading call on RIG came out about 15 minutes ago
[14:19] {thomcbell} it spiked and came down near 48 test
[14:19] {thomcbell} i bought it around here
[14:19] {Threei}  positive trading call?
[14:20] {Threei}  what kind of aniumal is that?
[14:20] {thomcbell} buy for short term long trade
[14:21] {Threei}  Opposition leaders have walked out on confidence debate
[14:26] {thomcbell} taking 1/2 trade rig
[14:26] {thomcbell} 48.60 stop on balance
[14:28] {dino} xec drop
[14:28] {thomcbell} raising stop to 48.72
[14:29] {thomcbell} rig
[14:30] {thomcbell} out rig
[14:31] {dino} smr l .50
[14:37] {Threei}  (GR) Greek Fin Min: The seventh loan tranche, worth �80B, will be needed by February
[14:39] {patience} trading lately is like living as Alice in Wonderland
[14:39] {dino} out xec .10, +.60
[14:39] {dino} wicked ride
[14:39] {patience} good for you dino
[14:40] {dino} lucky on that one
[14:42] {dino} dropping again
[14:46] {thomcbell} jef rinse?
[15:05] {dino}  wow xec shoots strwaight up 1.50
[15:09] {Threei}  feels like climb into close
[15:22] {Threei}  lol... not even that
[15:22] {Threei}  just a lull
[15:26] {swill} have Dr appointment. see you tomarrow
[15:27] {Threei}  take care swill
[15:27] {dino} cya swill
[15:47] {dino}  well we filled 11956, 2360, 1253
[15:53] {patience} thanks guys, quite a good day for me, just traded hgu
[15:54] {Threei}  thank you all
[15:54] {Threei}  have a great evening
[15:54] {Threei}  see you tomorrow
[15:56] {dino} thx all, great ideas, very good day for me

Wednesday, November 2, 2011

Multi-time frame mid-week update for 11/2

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Here are the daily images of SPY/IWM from this week so far, if the video is hard to view:






Nov 02 2011

(Participation in the room in real time requires membership)

Somewhat boring but very nicely profitable day. Bore me with profits and I will yawn all the way to the bank. Nice Catch of the Day, 1:5 on RIMM:




Session Time: Wed Nov 02 00:00:01 2011
[09:02] {Threei}  OK... slowly and unwillingly, but I AM waking up
[09:03] {Threei}  Rasmusses greets me with this line:
[09:03] {Threei}  79% See Political Correctness As Serious Problem in America
[09:04] {Threei}  hey, maybe this country isn't hopeless
[09:10] {jakob} gm all
[09:10] {dino} gm all
[09:10] {Threei}  jakob, dino :)
[09:11] {swill} :)morning
[09:11] {Threei}  swill :)
[09:11] {Threei}  I tried to send patience to throw some rocks in your window yesterday... she refused... so you got away with it, this time
[09:12] {swill} I'm striving for consistancy now.  Up at 5 today
[09:13] {patience} notice i am up early as well  :)
[09:14] {Threei}  yes... so, let's wake up ese?
[09:14] {swill} lol
[09:15] {Threei}  between throwing roocks and phoning with innocently sounding "hey, I am not too ealry?/"... what to choose...
[09:15] {Threei}  decisions decisions...
[09:18] {RonS} gm...snowed 6" last night...unusual
[09:19] {Threei}  sheesh
[09:19] {Threei}  and I went shrimping merrily
[09:20] {swill} did you get many
[09:20] {Threei}  about 100
[09:20] {RonS} gr ref back on and market up?
[09:20] {Threei}  and one confused crab managed to get in the trap
[09:21] {Threei}  yes Ron, general consensus seems to be:
[09:21] {swill} excellent
[09:21] {Threei}  whole develoment will push Fed to move on QE3
[09:21] {Threei}  so traders jumped on this as a reason to buy... high state of confusion
[09:22] {RonS} hgg...27% short float...
[09:22] {RonS} dino, dmnd could be interesting...
[09:23] {RonS} ctsh beat and raised and is down...
[09:26] {dino} on screen, also ctsh beats and drops
[09:26] {dino} lol watching the same scanner i guess
[09:28] {Threei}  LVS long on pullback is first idea
[09:28] {Threei}  WYNN announced nice dividend
[09:30] {Threei}  what pullback, LVS says
[09:32] {Threei}  (GR) German Fin Min: Agreed not to comment on Greece referendum ahead of G20 discussions
[09:32] {Threei}  yup, that makes it all go away
[09:34] {dino} ctsh sm l .25
[09:34] {Threei} Short Setup: SLW  .10 break if stays under .25
[09:37] {Threei}  let's cover half
[09:37] {Threei}  1:1
[09:37] {Threei}  stop to .15
[09:38] {dino} out ctsh .55 +.30
[09:38] {Threei}  wtg'
[09:39] {dino} ty
[09:39] {swill} ty
[09:39] {Threei}  1:2, out in full
[09:39] {Threei}  maybe too early but I wanted to match dino's 30 cents :)
[09:40] {Threei}  yeah, early
[09:40] {cipher} FCX L .48
[09:40] {Threei}  good one cipher, I was looking at it
[09:40] {Threei}  intuitively was cool entrey but no clear setup for the call
[09:41] {Threei}  cangaroo tail
[09:43] {dino} mdr sm l .85
[09:44] {Threei} Short Setup: LVS  .85 break half lot
[09:44] {Threei}  if stays under 49
[09:45] {Threei}  let's change to aggressive .90 break
[09:45] {Threei}  late for that
[09:46] {Threei}  anyway, works nicely as it is
[09:46] {Threei}  1:1
[09:46] {dino} 07 red
[09:47] {Threei}  scalpers win
[09:47] {dino} whippy
[09:49] {Threei} Long Setup:  FCX  .55 break
[09:49] {Threei}  stop under .45 scalpers, .40 day traders
[09:49] {Threei}  scalpers 1:1
[09:50] {Threei}  day traders stop to .44
[09:51] {Threei}  scalpers win again
[09:58] {dino} ctsh sm l .01
[09:58] {Threei} Short Setup: FCX  .40 break
[09:59] {Threei}  stop above .55
[09:59] {Threei}  target 1:2
[10:00] {Threei}  no go
[10:01] {Threei} Short Setup: RIMM  .10 break
[10:02] {Threei}  if stays under .20
[10:02] {Threei}  milk trade, not a scalp at all
[10:03] {Threei}  19 is a last resort for it... after it's lost, there is no telling how low it can go
[10:07] {dino} ten sm l .75
[10:08] {dino} out ctsh .53, +.52
[10:08] {Threei}  nice!
[10:09] {dino} ty
[10:10] {dino} ctsh=pulp
[10:12] {Threei}  when have time, good comment on Greece situation: http://goo.gl/xBxZy
[10:13] {dino} auxl sm l .23
[10:15] {dino} hitting vwap
[10:21] {dino} out ten .05, +.30
[10:21] {dino} mdr to .95 slow
[10:22] {Threei}  OK RIMM,,, time to turn the lights off
[10:23] {Threei}  and sink to the bottomless abyss of oblivion
[10:23] {pragmatic} so poetic
[10:23] {Threei}  hmmm... where is nemo... I am sure he would have something to say about this
[10:26] {dino} auxl to .19
[10:27] {dino} out mdr .95, +.10
[10:28] {Threei}  oh boy...
[10:28] {Threei}  http://www.timescolonist.com/opinion/editorials/kids+drop+balloons/5644042/story.html
[10:29] {cipher} IBM L .16
[10:36] {cipher} out .43
[10:36] {dino} gj
[10:36] {Threei}  wtg
[10:36] {Threei}  nice performance cipher
[10:36] {cipher} thx
[10:37] {Threei}  RIMM, baby
[10:37] {dino} iart sm l .00
[10:37] {Threei}  1:1 is coming
[10:37] {Threei}  and much more to come
[10:37] {Threei}  IMO
[10:38] {swill} excellent read on rimm.  I will be back in an hour.  Need to drive wife
[10:38] {Threei}  I drive mine crazy
[10:38] {dino} auxl to flat
[10:39] {swill} me too
[10:39] {Threei}  but swill
[10:39] {Threei}  you need an hour to do that?? I make her white mad in a blink f eye
[10:40] {Threei}  if you need any consult, just ask
[10:41] {swill} lol. k thanks
[10:41] {Threei}  covered first part of RIMM here
[10:41] {Threei}  stop trail to .15
[10:42] {dino} gj rimm
[10:43] {Threei}  ty
[10:43] {cipher} wtg rimm thx
[10:43] {Threei}  :)
[10:43] {Threei}  1:2
[10:43] {dino} auxl to .36
[10:44] {cipher} ibm s .15
[10:45] {dino} iart wall .00
[10:45] {dino} hits/drops/etc
[10:46] {cipher} ibm -.10
[10:47] {dino} auxl to .48
[10:48] {Threei}  1:3
[10:48] {cipher} wtg
[10:48] {Threei}  ty
[10:49] {Threei}  hard to believe it's that same formerly almightly RIMM
[10:50] {dino} auxl to .53
[10:51] {dino} to .61
[10:53] {dino} to .72
[10:54] {dino} iart to .90 stuck
[10:55] {dino} out auxl .74, +.51
[10:55] {RonS} wtg
[10:55] {dino} ty, slow and steady one
[10:57] {dino} iart stop .90, -.10
[10:57] {cipher} wynn spike
[10:58] {RonS} iart is dead to me...
[10:58] {dino} must be a story to that
[10:58] {Threei}  lol
[10:59] {cipher} +.50 WYNN s too fast
[10:59] {dino} gj
[10:59] {cipher} has more juice
[10:59] {dino} taking a break, 5 of 6
[11:00] {dino} back in 30
[11:14] {cipher} WYNN L 136
[11:23] {cipher} out +.49
[11:23] {Threei}  wtg
[11:24] {cipher} trying to fight scalper's menality
[11:30] {RonS} so cipher...get this...it took me months to realize that when dino posts "to .61"  etc he is posting his sell stops when the price moves in his direction
[11:30] {RonS} i thought he had delayed quotes since he operates on dial up
[11:30] {RonS} the point is that studying what he does can help if you are trading smallish shares
[11:31] {RonS} 3i's partialling technique is appropriate for large shares...imo
[11:33] {dino} lol ron, dial up
[11:36] {Threei}  poor RIMM
[11:36] {Threei}  bottmoless
[11:41] {dino} last try iart sm l .34
[11:52] {cipher} WYNN l 84
[11:53] {swill} back for now.  are you watching the paint dry?
[11:53] {RonS} it is fed day, no?
[11:54] {swill} ah
[11:55] {dino} y
[11:56] {cipher} out wynn .67 -.17
[11:56] {RonS} dino look mpel
[12:00] {dino} where?
[12:01] {RonS} ?
[12:02] {dino} oh, thought it said took
[12:02] {dino} my bad
[12:02] {RonS} guess you need more than gunnars...
[12:02] {RonS} :D
[12:03] {dino} i like it on gap fill .10
[12:03] {RonS} ya or at least yest hod
[12:04] {RonS} hmmm, tagged that...
[12:04] {dino} yes
[12:06] {dino} out iart .54, +.20, feels weak
[12:07] {dino} tricked me
[12:18] {dino} or not
[12:19] {Threei}  or treated
[12:19] {dino} 07 red
[12:31] {dino} all green now
[12:45] {dino} mdr l .85
[12:45] {Threei}  FOMC as expected, non-event
[12:45] {dino} thought it was at 2:15
[12:46] {patience} q and a
[12:46] {Threei}  *FOMC HOLDS FED FUNDS RATE TARGET AT 0.25% (AS EXPECTED); Operation twist unchanged; Evans dissents, requesting additional accomodation- Vote: 9-1
[12:47] {Threei}  lol
[12:47] {Threei}  (IT) Bank of Italy's Visco: Italian banks will continue to borrow more from ECB if the interbank lending market does not improve
[12:48] {Threei}  ECB: no one is even asking me??
[12:49] {swill} sorry was asleep
[12:56] {dino} heres some value added research, barclays raises aap to 65, it trades at 64.91
[12:57] {RonS} ese likes 9 cents...
[12:57] {dino} i suppose
[12:59] {dino}  mdr stop .78 -.07
[13:02] {cipher} ibm l .91
[13:03] {cipher} out +.28
[13:07] {dino} gj
[13:20] {RonS} EU, IMF will not release 8 billion euro payment to Greece until bailout referendum has been held, IMF, EU sources say -
[13:23] {Threei}  woulsd be beyond weird and desperate if they did
[13:40] {dino}  ew
[13:44] {RonS} Edwards $EW Accepts Coverage Curbs on Heart Valves; Bloomberg Says Rules Could Cut US Device Sales by $100M
[13:44] {dino} ty
[13:48] {dino} you'd think that would hurt the stock
[13:53] {RonS} see y'all in the a.m.  gotta trudge through the snow to a doc appt...
[13:53] {dino} cya
[13:53] {swill} bye for now
[14:01] {Threei}  *(US) FOMC UPDATED ECONOMIC FORECAST FOR NOV 2011 MEETING; LOWERS GDP FORECAST; AS EXPECTED
[14:05] {swill} going driving, back of last hour
[14:11] {Threei}  (GR) Greece Govt spokesperson notes the Greece referendum said to ask only about Euro aid deal rather than Euro zone membership
[14:11] {Threei}  - Note: Concurrently reports circulating that referendum will ask about staying within the EMU
[14:11] {Threei}  - Reminder: Earlier world press highlighted that the referendum would ask about both the Euro zone membership and the Euro aid deal
[14:13] {dino} take the $ and run
[14:45] {swill} back
[14:49] {dino}  iart sm l .31
[14:50] {dino} 123.66 vwap
[15:13] {dino} iart stop -.12
[15:23] {dino} r2 124.33
[15:26] {Threei}  hate this slow climb
[15:26] {Threei}  can't find anything in it
[15:28] {dino} same
[15:34] {Threei}  (GR) IMF"s Lagarde: Greece referendum is a 'hiccup'; Europe will deal with the crisis
[15:34] {Threei}  hiccup eh
[15:35] {dino} seems to me whole deal is postponed
[15:36] {Threei}  17% Say U.S. Heading In Right Direction
[15:36] {Threei}  I wonder if those 17% are those who would consider off a cliff to be the right direction
[15:54] {Threei}  OK guys, nicely profitable albeit somewhat boring day
[15:54] {Threei}  hope you don't mind proftable boredom
[15:55] {swill} thank you
[15:55] {dino} thx all

Tuesday, November 1, 2011

Nov 01 2011

(Participation in the room in real time requires membership)

5 wins out of 8, with stops well controlled - not stellar but decent start for the month.


Session Time: Tue Nov 01 00:00:00 2011
[09:10] {dino} gm all
[09:10] {Threei}  dino :)
[09:12] {Threei}  how about this gap?
[09:13] {dino} mind the gaps 11864, 11539, 11103;  2334, 2306, 2202;  1242, 1215, 1155
[09:15] {jakob} good morning
[09:16] {Threei}  morning jakob
[09:18] {Threei}  folks really should start waking up earlier on such huge gap days
[09:19] {dino} been up since 6
[09:19] {dino} as usual. kids fed, on bus, 2 mile walk
[09:20] {Threei}  me too, a lot of activity - three times blinked right eye, twice - left...
[09:20] {Threei}  that's my morning exrecise
[09:20] {Threei}  I might be overstraining right eyelid muscle though, may have to scale back
[09:23] {dino} you might want to change that, lol
[09:26] {Threei}  http://goo.gl/pdo0E
[09:28] {Threei}  ese probably looked at the numbers and decided to sleep this one out
[09:28] {Threei}  let's skip first few minutes, want to lt the hottest emotions work themselves out
[09:29] {Threei}  (GR) GREECE PM CALLS FOR AN EMERGENCY CABINET MEETING AT 1600GMT
[09:29] {dino} just default and get it over with
[09:30] {Threei}  PMI halt
[09:30] {Threei}  who
[09:30] {Threei}  whoa
[09:30] {Threei}  look FCX
[09:31] {Threei}  that's one nasty bar for the early buyers
[09:31] {Threei}  one more leg down, then I'll get interested
[09:31] {dino} just filled 4 gaps
[09:32] {Threei} Long Setup:  FCX  .80 break half lot
[09:32] {Threei}  if holding .65
[09:33] {Threei}  invalidated
[09:34] {Threei} Long Setup:  SLW  .40 break
[09:35] {Threei}  stop under .25
[09:35] {Threei}  all plays are half lot of course for now
[09:36] {Threei}  target .70, two partials
[09:36] {Threei}  FCX got away
[09:36] {Threei}  1:1
[09:37] {Threei}  stop to .39 for the balance
[09:37] {Threei}  1:2, target hit
[09:38] {dino} out slw .70, +.30 ty vad
[09:38] {Threei}  :)
[09:38] {RonS} caught fcx .55 to .00 +.45
[09:38] {dino} gj
[09:38] {Threei}  nice one Ron
[09:38] {Threei}  I blinked through it
[09:40] {Threei} Short Setup: RIMM  .40 break
[09:40] {dino} mdr sm l .51
[09:40] {Threei}  if stays under .50
[09:42] {dino} sm l driv .99
[09:44] {Threei}  1:1
[09:46] {RonS} back in 90 min...appt..
[09:46] {Threei}  while you are there ron,
[09:47] {Threei}  kick a few sleepy asses: swill, thomc, patience, nemo
[09:47] {Threei}  how do people miss such a day, beyond me
[09:47] {Threei}  ese too
[09:47] {dino} lol, easy boss
[09:48] {Threei}  just hate waste :)
[09:48] {Threei}  history is being made daily
[09:48] {dino} my favorite kind of day, big gap down
[09:48] {Threei}  a little bit too big
[09:48] {dino} nah, leaves nice gaps above
[09:49] {Threei}  normally, my favorite too,
[09:49] {Threei}  but this size creates a lot of nervousness, volatility is a bit above desirable
[09:49] {Threei} Short Setup: FCX  .60 break
[09:50] {Threei}  if stays under .75
[09:50] {Threei}  invalidated
[09:52] {Threei}  finally RIMM
[09:52] {Threei}  1:2, out
[09:52] {dino} gj
[09:52] {Threei}  ty
[09:53] {Threei}  crap forgot about one more I targeted as long... LVS
[09:54] {Threei}  if pulls back shasrply to aabout 36, will get interested
[09:54] {Threei}  46
[09:54] {Threei}  36 would be a bit too sharp, wouldn't it :)
[09:56] {dino} lol
[09:57] {Threei} Short Setup: LVS  .50 break
[09:57] {dino} mdr to .70
[09:57] {dino} driv to .94 stuck
[09:58] {Threei}  if stays under .65
[09:59] {dino} out mdr .70, +.19
[09:59] {Threei}  no go LVS
[10:00] {Threei}  (US) OCT ISM MANUFACTURING: 50.8 V 52.0E; PRICES PAID: 41 V 55.0E
[10:00] {dino} driv to b/e
[10:03] {Threei}  LVS rinse
[10:11] {dino} ten sm l .35 gappy
[10:17] {dino} driv stop .04, +.05
[10:17] {Threei} Long Setup:  FCX  .10 break
[10:17] {Threei}  if stays above 38
[10:18] {Threei}  target .45
[10:18] {Threei}  3 partials
[10:18] {Threei}  1:1
[10:19] {Threei}  stop to .08
[10:19] {dino} iart sm l .00
[10:20] {Threei}  oh come on, 1 cent to 1:2?
[10:20] {Threei}  don't be thast stock FCX
[10:21] {Threei}  OK... scalpers win
[10:25] {dino} spike
[10:26] {Threei}  look at this slime bastard
[10:26] {Threei}  hitting target to the t after shaking our balance
[10:28] {Threei}  here is how you spell DENIAL:
[10:28] {Threei}  (EU) France Pres Sarkozy and Germany Chancellor affirm commitment to implementation of EU debt deal from last week - financial press
[10:28] {Threei}  - Leaders see deal as more necessary now than ever
[10:28] {dino} out ten .741, +.391
[10:29] {Threei}  walls are crashing down around them, they are reaarnaging chairs and fiddle
[10:29] {dino} i think its up to greece
[10:29] {dino} iart to .93
[10:30] {Threei}  but even if Greece somehow doesn't blow it all uop, Portugal will... or Italy... or Spain... or any combination of the above, sprinkled with Ireland
[10:31] {dino} out iart flat
[10:33] {Threei}  leaders plan meeting in Cannes on Wednesday before the official G20 summit
[10:33] {Threei}  why do they bother going home these days?
[10:33] {Threei}  they seem to meet so often, then can just move in together
[10:34] {patience} good morning
[10:34] {Threei}  hah
[10:34] {Threei}  look who decided to wake up
[10:34] {patience} got the flu shot, got sicker than a dog
[10:34] {patience} although this morning, just lazy
[10:35] {patience} i see my overnight hold of tza is happy
[10:36] {Threei}  ok... you can earn forgiveness by go to swill and ese's and throwing rocks in their windows
[10:37] {patience} um, nope
[10:37] {patience} hey gold stocks are recovering from drop this morning
[10:37] {Threei}  no forgiveness then
[10:39] {patience} had masses of kids at the door for hallowe'en, bet ese did as well
[10:39] {patience} he must be tuckered out from handing out candy
[10:39] {Threei}  I love my rural area
[10:39] {Threei}  no single kid knocking the door
[10:40] {dino} had 10
[10:40] {patience} i love seeing the costumes, and the kids are fun.  i always tell them to dig into the bowl and take as much as they want
[10:40] {Threei}  you lost me right T "kids are fun"
[10:41] {RonS} just ese, eh?
[10:41] {dino} nihd sm l .65
[10:42] {Threei} Short Setup: FCX  .60 break
[10:42] {Threei}  1:1
[10:46] {dino} nihd stop .47, -.18
[10:46] {Threei}  1:2
[10:47] {Threei}  i am out
[10:47] {dino} gj fcx
[10:47] {Threei}  {FCX} ty
[10:51] {RonS} ing l .37
[10:56] {Threei}  Portugal has defaulted on its national debt five times since 1800, Greece five times, Spain no less than seven times
[10:56] {Threei}  business as usual then
[10:58] {dino} mstr blood
[11:02] {Threei} Short Setup: FCX  .50 break
[11:03] {Threei}  if stays under .60
[11:03] {Threei}  this one if works should be good for 1:3...
[11:04] {Threei}  no go
[11:04] {Threei}  rinse... grrr
[11:04] {Threei}  ad I mean grrrrrrrrr
[11:05] {dino} yeah
[11:05] {dino} you still on half lots?
[11:05] {Threei}  last two full
[11:05] {dino} ok thx
[11:05] {Threei}  things calmed down
[11:11] {RonS} mstr sm l .58
[11:16] {RonS} gt sm l .48
[11:16] {dino} sm l nihd .40
[11:16] {dino} 111 ron?
[11:17] {RonS} ?
[11:17] {dino} mstr 111.48?
[11:17] {RonS} 110...
[11:17] {dino} nice
[11:22] {RonS} out mstr 111.34 +.76  went from a few minutes of pulp to thick,,,
[11:23] {dino} gj
[11:25] {RonS} lol...sarkozy and markel "to meet greeks"....r they going to the spa?
[11:27] {dino} they are screwed so getting in all the parties they can on publics dime
[11:27] {dino} not too mention smuggling euros out of the country
[11:29] {dino} ten sm l .25
[11:34] {RonS} mstr sm l 109.00
[11:34] {Threei}  strong feeling that shorting time comes again
[11:34] {Threei}  but can't find clear setups
[11:35] {dino} ten stop -.33
[11:36] {Threei}  was looking at SLW .50 break
[11:36] {Threei}  in retrospect, would have worked... but looked questionable
[11:36] {RonS} out mstr .72
[11:37] {RonS} look apkt
[11:39] {dino} news
[11:40] {dino} att deal signed
[11:48] {dino} auxl sm l .01
[11:48] {RonS} Iran bans 2 soccer players for 'immoral acts' during goal-scoring celebrations, state TV says
[11:49] {dino} lol
[11:49] {dino} as if iran is moral
[11:50] {Threei}  hehe
[11:53] {dino} auxl stop -.07
[11:54] {Threei}  Bank of America dropping plan to add $5 monthly debit card fee
[11:54] {Threei}  good PR... get everyone in the world white mad at you, only to back off in a month
[11:55] {RonS} ye nflx model...
[11:55] {Threei}  good things these folks do not run lemonade stands, contry would have died of thirst
[11:55] {Threei}  exactly, NFLX
[11:57] {dino} iart sm l .64 ave
[12:03] {Threei}  lvs
[12:04] {Threei}  .50 break short
[12:04] {dino} 1215 filled
[12:04] {Threei} Short Setup: LVS  .50 break
[12:04] {Threei}  if stays under .60
[12:06] {Threei}  invaldated
[12:06] {dino} chk sm l .59
[12:13] {RonS} vix 25 to 37 in two days...wow
[12:14] {Threei}  just wait till EU admits it's dead
[12:22] {Threei} Short Setup: LVS  .50 break
[12:22] {Threei}  same setup
[12:25] {Threei}  same fate
[12:25] {Threei}  lol
[12:32] {dino} giddy-up
[12:35] {Threei}  not overly ehtusiastic
[12:39] {dino} hitting nemos vwap
[12:42] {dino} chk to .99
[12:42] {RonS} gj...decided not to chase...
[12:42] {dino} out .02, +.43
[12:42] {Threei}  nice
[12:43] {dino} ty
[12:57] {Threei}  (GR) Greek press sources are reporting that the chiefs of the Army, Air Force and Navy were asked to resign today
[12:57] {Threei}  why, did they threaten the coop?
[12:58] {Threei}  what an incrwedible mess...
[12:59] {dino} what, your spelling? lol
[12:59] {RonS} was thinking about calling him elmer...
[12:59] {dino} lol
[12:59] {RonS} :D
[13:00] {Threei}  ummm
[13:00] {Threei}  I really dunno what you mean by calling what I do "spelling"
[13:00] {Threei}  it's nothing but
[13:00] {Threei}  antyhing but
[13:01] {Threei}  I hit keys randomly and enjoy the result
[13:05] {dino} iart stop -.23
[13:06] {dino} mdr l .60
[13:19] {RonS} qotd:  traders are raising cash because kim kardashian is available...
[13:20] {Threei}  hmmm
[13:22] {RonS} fwiw...the kardashians are part of the armenian emigration in the case of the first modern genocide
[13:23] {RonS} fresno california is where most went
[13:24] {RonS} the turkish red sultan killed 1.0-1.5 million armenians who tried for independence after greece had won it
[13:24] {RonS} they thought the british would help but for got they used their navy and that armenia is land locked
[13:24] {RonS} forgot
[13:26] {RonS} armenians are christians...
[13:26] {RonS} happened circa 1900 if i remember correctly
[13:29] {dino}  spike
[13:30] {RonS} of what bozo said what?
[13:30] {RonS} ok...sheesh
[13:31] {RonS} out ing .50 +.13 ese size
[13:32] {RonS} Greek PM's Referendum Call "Basically Dead" - Socialist Party Official
[13:33] {RonS} ...bozo du jour...
[13:33] {dino} 80 pts in seconds
[13:33] {dino} make it 100+
[13:33] {dino} gj
[13:33] {Threei}  lol
[13:34] {Threei}  football in hands of idiots
[13:38] {Threei}  ROFL:
[13:38] {Threei}  12.5% of the planets have 71% of the mass #occupyjupiter
[13:38] {RonS} heavy topic?
[13:40] {Threei}  one unknown and unnamed official expressed his opinion that referendum is no go - market jumps 50 points
[13:40] {Threei}  one more ROFL:
[13:40] {Threei}  Greek Cabinet votes to get long the $SPY, then call off referendum. Solve fiscal crisis with trading gains
[13:41] {RonS} rotflol
[13:42] {dino} lol
[13:43] {RonS} cree
[13:44] {Threei}  here is full text:
[13:44] {Threei}  (GR) Greek ruling party member suggests that the PM's idea for a referendum is "basically dead" - financial press- The Socialist party (PASOK) member is not named in the report. **NOTE: the emergency cabinet meeting that started at 12:00ET is still ongoing.
[13:46] {Threei}  so he slid out of the meeting ("I am only for a second, gotta pee") to report this to some journalist waiting outside?
[13:48] {dino} out nihd .41 +.23 ave
[13:48] {dino} mdr to .75
[13:48] {dino} out mdr +.15
[13:57] {RonS} look lvs
[14:00] {Threei}  yeah
[14:05] {Threei}  be back in 20
[14:30] {Threei}  back
[14:34] {Threei} Long Setup:  LVS  48 break
[14:36] {Threei}  stop under .90
[14:36] {Threei}  nah
[14:39] {nemo} How goes the rat race?
[14:39] {Threei}  4:7 or so
[14:39] {Threei}  my math might be off
[14:39] {nemo} gap up gap down
[14:39] {nemo} take your shoes off make it easy on yourself
[14:40] {Threei}  if it were the only problerm
[14:40] {Threei}  opening eyes is involved as well
[14:40] {nemo} you folks like the update better the new way?
[14:42] {dino} fst
[14:42] {nemo} mmmmhhhh...given the silence, no one has either looked, or could give a rats ass
[14:44] {Threei}  dino gives that ass:
[14:44] {Threei}  12:39] {dino} hitting nemos vwap
[14:44] {nemo} ahh
[14:45] {nemo} there was a $1 trade off of spy vwap at 1:50 which was a $1.50 in tna at the same time
[14:47] {nemo} nice one at just after noon also
[14:50] {nemo} love the title:  http://www.zerohedge.com/news/jon-corzine-meet-bubba?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29
[14:51] {Threei}  sheesh... use url shortener, will ya
[14:51] {nemo} how?
[14:52] {RonS} http://tinyurl.com/
[14:52] {Threei}  Cjrome app store, search for url shortener, there are a few of them
[14:52] {Threei}  one click deal, very convenient
[14:53] {Threei}  https://chrome.google.com/webstore/search/url%20shortener?hl=en-US
[14:53] {Threei}  I usde this one
[14:53] {Threei}  https://chrome.google.com/webstore/detail/mnnkfmkiefebamlmijhohmjaajilnlen?hl=en-US
[14:53] {nemo} too many to pick frome
[14:54] {Threei}  http://goo.gl/HQ5BJ
[14:54] {Threei}  there
[14:56] {RonS} BREAKING: MF Global admitted to using clients’ money as its financial troubles mounted: AP
[14:57] {dino} wow
[14:57] {nemo} yep, that's what my unshortened article said
[14:58] {RonS} pouty, eh nemo?
[14:58] {nemo} hell no, just as obnoxious as ususa
[14:58] {nemo} usual
[14:58] {Threei}  thank goodness
[14:59] {nemo} can't trade, haven't killed anything this hunting season yet, so....whaddya' expect
[14:59] {Threei}  any less, and we would worry about your health
[14:59] {Threei}  any more, and our own health would be threatened
[14:59] {nemo} nah, too far away
[14:59] {nemo} take me 10 hours to get to Dino
[15:00] {Threei}  more actually
[15:00] {Threei}  take into consideration that if dino learns to are getting to him, he will move quickly away
[15:00] {Threei}  to = you
[15:01] {nemo} oh, and as if I'll tell him I'm coming
[15:04] {Threei}  now what?
[15:04] {Threei}  sharp drop
[15:04] {Threei}  no news yet
[15:05] {RonS} was his name nemo?...A 10-year-old Aiken trick-or-treater pulled a gun on a woman who said she would take his candy on Halloween.
[15:05] {nemo} South Carolina?
[15:05] {nemo} might be my nephew
[15:06] {RonS} ...think atlanta suburb...
[15:06] {nemo} ahhh, no
[15:06] {Threei}  could be just a spiritual brother
[15:07] {Threei}  (GR) Spain Fin Min Salgado: Nothing was said about any possible referendum during the European summit last week, no one expected the referendum idea
[15:07] {nemo} he's possessed too?
[15:08] {nemo} frickin' Greek's trying to backdoor the process...how poetic
[15:08] {Threei}  life is not always planned, Salgado, live with it
[15:08] {RonS} lol nemo
[15:10] {nemo} subtle, aren't I?
[15:17] {RonS} accounted as a loss?  mf lawyer says all funds accounted for...
[15:17] {Threei}  can be accounted as stolen as well
[15:21] {Threei}  FCX
[15:21] {Threei}  two sided setup
[15:21] {Threei}  long 39 break, short .90 break
[15:22] {Threei}  short it is, target 1:3
[15:23] {Threei}  1:1
[15:24] {dino} gj
[15:25] {Threei}  ty
[15:30] {Threei}  scapers win
[15:36] {dino} calling it a day, thx all, good one
[15:38] {Threei}  take care dino... not outstanding here but decent
[15:43] {Threei}  oh god
[15:43] {Threei}  *(US) US LAWMAKERS PLANNING TO PROPOSE A FINANCIAL TRANSACTION TAX (TOBIN) RELATED TO STOCKS AND BONDS
[15:43] {Threei}  f**ing imbeciles
[15:43] {nemo} which lawmakers?
[15:44] {Threei}  US ones
[15:45] {Threei}  - Senator Harkin (D-IA) and US Rep Defazio (D-OR) propose the tax
[15:46] {nemo} same guys that have been promoting it for years
[15:46] {nemo} They're the poster children...they do it every year.  Defazio files a bill annually
[15:48] {Threei}  here is the difference this year:
[15:49] {Threei}  whole OWS crowd will support it
[15:50] {Threei}  (GR) Greece PM Papandreou's spokesperson has affirmed the prime minister's intent to hold referendum
[15:50] {Threei}  - Spokesperson notes that the PM does expect to win the confidence vote scheduled for Friday
[15:52] {Threei}  closing closer to lows
[15:52] {Threei}  life will be interesting once again tomorrow
[15:53] {Threei}  whole end of the year promisdes to be anything but boring
[15:53] {Threei}  looking forward... I like this environment
[15:55] {Threei}  ok guys, thank you
[15:55] {Threei}  have a good evening, see you tomorrow
[15:55] {larisa} bye :)
[15:57] {patience} thanks vad