Nemo's Findings for 3/24/2012

(Course on chart pattern recognition is available now: http://www.realitytrader.com/111trades.html  

Here are the images for next week:

Here are the links:

http://www.freestockcharts.com?emailChartID=b692f4b6-9d3c-4983-99a0-5969213bd586

http://www.freestockcharts.com?emailChartID=25409ff7-7eea-4db1-a714-3dfe5d674c8b

http://www.freestockcharts.com?emailChartID=1ed6edaa-db87-4c60-b40d-ec940c07d86e

Now, somebody said they were having a problem with all the lines on the chart.  Well, I never use it with a setting above a 15 minute chart since we're daytrading off of it.  For instance, this is what I look at all day on one monitor:

The only arbitrary lines on the charts will be green, and those are subjective levels or trend lines.  I put them there for a reason (which, of course, may only be reasonable to me).  You'll notice the green line where IWM's price action bottomed (at daily S2), that line has been there for a while(check the hourly view on IWM if you import the format).  You can remove those or trace the origin back to where they start and see if you can figure out why I have them there.  (If you do figure it out, that means you have an insight into my mind, which is a very dark place, and you should likely seek professional help immediately). 

Now where did I put that lithium?  Oh, the frickin' bunny took it...

Here's the original post that explained the approach:

http://tradinglog.realitytrader.com/2011/09/nemos-findings.html

Market Week Wrap-up

Market Week Wrap-up

- The S&P500 snapped a five-week uptrend this week, as poor data in Asia and Europe made for lousy sentiment. Continuing fears about economic slowdown in China got the ball rolling early on in the week, after BHP offered flattish guidance for China iron ore shipments and unsubstantiated rumors of a coup brewing in Beijing made the rounds. The coup rumors were quickly dismissed by China watchers, however the story hung in the background all week. In addition, a key China PMI reading fell to a four-month low and continued to indicate contraction. In Europe, preliminary March manufacturing PMI data in both Germany and France also came in at four-month lows, both below 50, making it more and more obvious that Europe is creeping into recession. Ireland officially entered recession, after delivering its second quarter of negative economic growth. UK Retail sales were below expectations. Euro zone finance ministers gather in Brussels at the end of next week to possibly finalize the fiscal firewall, and traders wondered nervously how the peripheral nations will fare in a European slowdown. In the US, some good earnings and otherwise positive equity news held off some of the gloom, but trading volumes were still pretty weak. February building permits jumped to their highest level since October 2008, while existing home sales slipped 0.9%. Oil remained a central focus, with headlines about the ongoing supply issues related to the Iran embargo roiling markets every day. WTI traded in a broad range between $104.50 and $108.50, in a real game of headline roulette. Good news in tech kept the Nasdaq in the green for its sixth straight week of gains, rising 0.4%, while the S&P500 fell 0.5% and the DJIA ended 1.1% lower.

- Early in the week Treasury yields continued to hit the highest levels of the year. The benchmark 10-year yield briefly neared 2.4% steepening the curve to a 200 basis-point spread between the 2- and 10-year notes. By Wednesday buyers emerged as a string of softer economic data globally pushed investors back toward bonds. The US 10-year yield moved back below 2.25% and the Bund slipped under 1.9% as the week came to a close.

- Among the biggest equity stories this week, Apple committed itself to a $2.65 quarterly dividend and a $10B stock buyback program, following months of speculations about the company's plans for its cash pile. This news helped put a floor under shares which hovered near $600 all week, even after the huge year-to-date run up. Later in the week, Apple said that it has sold 3M new iPads since launch, for its strongest iPad launch yet. Hewlett-Packard confirmed widespread reports that it would combine its print and PC units, after new CEO Meg Whitman put an end to speculation last year that HP would sell off the PC business. UPS inked a deal to acquire Dutch parcel firm TNT Express, for a total of $6.9B, turning UPS into the world's largest package delivery company outside the US. Harford Financial caved to activist investor John Paulson and decided to exit the annuity business, and to seek strategic alternatives for its individual life, insurance broker-dealer, and retirement planning units. Hartford will focus on property & casualty, group benefits and mutual funds.

- There were a handful of impactful earnings out this week. Oracle reported decent Q3 results, with very strong margins driving modest earnings outperformance and respectable guidance for Q4. Oracle's CFO commented that the company is on track to deliver the highest operating margins in its history in 2012. Fedex's Q3 profits crushed expectations and the operating margin was nearly twice the year-ago amount, thanks to the mild winter, fuel surcharges and lower taxes. Analysts were concerned about the freight segment, however, which racked up a big quarterly loss. General Mills broadly met consensus expectations in its Q3 results and reaffirmed its full-year guidance. Margins at the firm have contracted significantly, however, and executives said that the company has seen the highest level of commodity inflation in 30 years this year, with input inflation running around +11% y/y.

- In a preliminary decision, the US imposed unexpectedly low duties on imports of solar panels from China. Analysts had expected duties of 20-30% (the industry wanted 100% duties), but the rates announced were only 2.90-4.73%. Just last week, the US, the EU and Japan said they would open a case at the WTO against China rare earth trade practices. Note that Digitimes reported this week that prices for solar modules in Europe and China have fallen to new lows, with quotes for 6-inch polysilicon solar wafers recently seen around $1.10/unit.

- The poor economic data reports out this week made for volatile markets, but the EUR/USD maintained a fairly level tone, trading firmly in a range between 1.3150 and 1.3280. The run of softer European data made traders look nervously over their shoulders at the euro zone peripheral nations, and in a sign of the uncertainty yields on Spain's 10-year debt made fresh two-month intraday highs above the 5.50% level.

- There was more attention paid this week to turn-about in USD/JPY, as the yen gained after six solid weeks of softness. Japanese exporters stepped into the markets to buy after being noticeably absent for the prior six-week period. Japan's trade deficit was also a factor in the yen's earlier decline, and data out this week showing record trade surpluses suggested that the yen's sustained weakness might not be sustainable. Risk-off sentiment was another factor that contributed to broad JPY currency strength in latter part of the week. USD/JPY found support around the 82.40 area after Japanese PM Noda warned the BoJ would continue to act when appropriate.

- Cable held a steady tone despite the slightly elevated UK CPI data. GBP/USD stumbled from the 1.59 area following a much more dovish tone in the BoE minutes and a sharp deterioration in government borrowing. The pair tested 1.5840 after MPC members Miles and Posen again voted for £25B in QE.

- Uncertainty over China's economic landing (soft or hard?) continued to weigh on Asian markets. Early in the week, comments from BHP iron ore division president suggesting that iron ore demand from China is "flattening" spooked some of the bullish bets, leading to an unwind in copper and the Australian dollar. Other miners gathering at Australia's Global Iron Ore & Steel Forecast Conference looked to contain the damage, noting the underlying demand in Asia is still strong. However China-related concerns resurfaced yet again on Thursday following a disappointing March flash manufacturing PMI print. Spoiling some chatter regarding expectations of about-50 expansion, China flash PMI registered its 5th month of contraction at 48.1, which was also the first drop following three months of improvement. Markets deemed the deterioration evident in March PMIs as particularly telling in light of altered months of Lunar New Year confounding seasonality of local demand, sending AUD to a 2-month low below $1.0340.


TradeTheNews

Mar 23 2012

(Course on chart pattern recognition is available now: http://www.realitytrader.com/111trades.html  )


Profitable albeit boring day ending profitable albeit incredibly boring week. The biggest challenge throughout the whole week was to keep our eyes open.





Session Time: Fri Mar 23 00:00:00 2012
[08:57] {dptl} good morning all
[08:59] {Threei}  dp :)
[09:00] {Les} That's too much enthusiasm for my taste
[09:00] {Les} Where's Nemo when you need some gloomy company
[09:00] {Threei}  sorry
[09:00] {Threei}  I�ll try to keep it down
[09:13] {dino} gm
[09:13] {Threei}  dino :)
[09:14] {Threei}  Pope Benedict calls on Cuba to move on from communism as it no longer works
[09:14] {Threei}  �np longer?�
[09:14] {Threei}  as in, it used to work?
[09:17] {MigC}  good morning
[09:18] {Threei}  migc :)
[09:20] {Beau} good morning you all
[09:20] {Threei}  beau :)
[09:21] {rambler} gm
[09:21] {Threei}  rambler :)
[09:28] {Threei}  market feels very quiet
[09:28] {Threei}  weak gap up
[09:30] {Threei} Short Setup: FCX  .30 break
[09:30] {Threei}  not much chance eh
[09:30] {Threei}  1:1
[09:30] {Les} took half shares at .25
[09:31] {Les} half out .16
[09:32] {Les} all out .05 ty sire
[09:32] {nemo} sire?  oy vay
[09:32] {Threei}  welcome
[09:33] {cipher} cat l .13
[09:33] {Threei} Short Setup: SLW  .65 break
[09:33] {Threei}  if stays under .75
[09:34] {Threei}  change to .75 break
[09:34] {cipher} out .33 +.20
[09:35] {Threei}  SLW valid
[09:35] {Threei}  stop .86
[09:36] {Beau} gj cipher
[09:36] {cipher} ty
[09:36] {nemo} why is Beau pink?
[09:36] {Beau} again? geez
[09:36] {nemo} what, Reservoir Dogs fan?
[09:36] {Threei}  stop to .81
[09:37] {Threei} Short Setup: FCX  .05 break
[09:37] {Threei}  ugh, late alert
[09:37] {Threei}  ok
[09:37] {Threei}  valid
[09:38] {Threei}  stop above .15
[09:39] {Threei}  lose that 38 and die
[09:40] {Threei}  1:1
[09:40] {Threei}  was very nice of it to return to pick us up
[09:41] {Beau} what is a reservoir dog, nemo?
[09:42] {rambler} stop SLW  -.12
[09:42] {Threei}  cult movie by Tarantino...
[09:43] {cipher} tna l .01
[09:43] {Beau} if it's not John Wayne, forget it
[09:44] {Les} l FCX .01 stop under .90
[09:44] {Les} John who?
[09:44] {Threei} Short Setup: X  .25 break
[09:44] {Threei}  if stays under .35
[09:44] {dino} ipgp sm l .40
[09:44] {cipher} ibm l.18
[09:45] {rambler} Beau...been reading Louis Lamour books lately....
[09:47] {cipher} out tna .22 +.21
[09:47] {Beau} if you aren't nice, i'll hit you with my purse.
[09:47] {Les} out fcx .09 & .03
[09:48] {Threei}  no go X
[09:48] {Les} fcx without me
[09:48] {Les} dt slw?
[09:49] {cipher} out ibm .33 +.15
[09:50] {thomcbell} not yet on slw
[09:51] {thomcbell} short setup slw 33.12 break - aggressive 
[09:51] {thomcbell} if holding 33.22
[09:51] {thomcbell} invalidated already
[09:52] {Les} fdx
[09:53] {dino} bobe drop
[09:56] {dino} air pocket
[09:56] {Threei} Short Setup: X  .55 break
[09:57] {Threei}  stop above .65
[09:59] {Threei}  stop to .61
[09:59] {Threei}  1:1
[10:00] {Les} scalped it ty
[10:00] {dino} bobe sm l .60
[10:00] {Threei}  *(US) FEB NEW HOME SALES: 313K V 325KE
[10:03] {Threei} Short Setup: CAT  .60 break
[10:03] {Threei}  stop above .70
[10:03] {Threei}  target 1:2
[10:04] {cipher} tna l.75
[10:05] {Threei}  1:1
[10:05] {cipher} out -.10
[10:05] {Threei}  good risk control
[10:08] {dino} bobe stop -.25
[10:10] {cipher} gmcr l .22
[10:10] {cipher} tna l.38
[10:11] {thomcbell} waiting for a DB to develop on NKe down here 
[10:12] {cipher} tna stopped -.19
[10:12] {Threei} Long Setup:  TNA  .30 break
[10:12] {Threei}  hl
[10:13] {Threei}  .15 stop
[10:13] {nemo} spy driving the bus today
[10:14] {cipher} out 1/3 gmcr .39 +.17
[10:14] {Threei}  trail to .19
[10:14] {thomcbell} long setup nke 106.64 break half lot 
[10:14] {Les} out .40 ty
[10:14] {Threei}  1:1
[10:14] {cipher} out 1/3 gmcr .46 +.24
[10:15] {dino} tho sm l .92
[10:15] {Threei}  1:2, out
[10:15] {Threei}  whew
[10:15] {dino} gj cipher, i didn't like the gap below
[10:15] {rambler} same  tks V....green now...lol
[10:16] {Threei}  :)
[10:16] {Beau} thks vad
[10:16] {Les} nice. I was already in at .25 so .40 was my limit
[10:16] {thomcbell} target is 108 on nke
[10:17] {thomcbell} level where sharp break started
[10:17] {cipher} our remainder gmcr .50 +.28
[10:17] {Threei}  so far so good
[10:18] {Threei}  wtg cipher
[10:18] {cipher} ty
[10:23] {nemo} lvs
[10:24] {Threei} Long Setup:  TZA  .80 break
[10:24] {Threei}  .70, sorry
[10:26] {Threei}  in .66 aggressively
[10:26] {nemo} btw, spy bottomed at IWM's monthly pivot and daily S2
[10:26] {Threei}  stop under .60
[10:27] {dino} rock on then huh nemo
[10:28] {nemo} watch vwap here, probably iwm and spy ging there
[10:29] {nemo} anf bear flag?
[10:30] {nemo} vwap around .80
[10:30] {Threei}  can�t tell really
[10:31] {nemo} The force not with you on that one Lord Vadster
[10:31] {Threei}  nope
[10:32] {nemo} as an aside:  I HATE DEALING WITH HEALTH INSURANCE COMPANIES!!!
[10:33] {Les} don't deal with them then
[10:33] {nemo} wow, nke was quite the short this morning
[10:33] {nemo} What's your favorite saying Les?
[10:33] {nemo} Oh yeah...
[10:33] {nemo} Piss Off
[10:34] {Les} There are aspects of American capitalism I admire. Profiteering in health is not one of them
[10:34] {nemo} actually, this is dealing with the state
[10:35] {Threei}  no go TZA
[10:35] {Threei}  should�ve just taken 1:1
[10:35] {thomcbell} nke getting a bit better here 
[10:35] {nemo} yeah, iwm and spy had to get to vwap, might be short soon here but developing a channel
[10:36] {cipher} I bailed on TZA earlier... had a hunch
[10:36] {cipher} thx
[10:36] {Les} yeh out flat tza
[10:36] {Les} might be entry here though
[10:36] {Les} nope
[10:37] {cipher} darn missed gmcr off 53
[10:38] {thomcbell} fcx bananas
[10:38] {nemo}  gold and copper I think
[10:39] {Les} nice base FCX has put in the daily
[10:40] {thomcbell} stop to 106.75 on nke 
[10:40] {nemo} http://www.freestockcharts.com?emailChartID=51f7735b-4a4f-42e8-8e50-34e24a9ec257
[10:40] {cipher} gld l .32
[10:40] {nemo} Here folks...take a look where the Pivots are and the WPP=Weekly Pivot, we are likely to be constrained by those levels today
[10:41] {cipher} anyone having problems with fills today?
[10:41] {cipher} bats seems to be messed up, nasdaq slow...
[10:42] {Les} no probs here
[10:42] {dino} tbell, ty nke out +.35
[10:42] {nemo} what are you getting for speedtest.net cipher?
[10:43] {thomcbell} i got that play from you - and Vad - thanks guyhs
[10:43] {cipher} let me check...
[10:44] {thomcbell} sold 1/4 nke here + 0.60
[10:44] {dino} nice
[10:44] {cipher} speedtest is fine, also ran ping test for lost packets, everything is ok
[10:45] {nemo} should get to 107.75 area thom
[10:45] {thomcbell} sold another 1/4 here 107.43
[10:45] {thomcbell} stop on 1/4 to 107.19
[10:45] {cipher} out gld .38
[10:45] {thomcbell} other stop to 106.98
[10:45] {nemo} NKE touched it's 50 day ma
[10:46] {dino} has to be your broker cipher
[10:46] {thomcbell} 1/4 left on nke with 106.98 stop  now 
[10:46] {Les} Nemo, can you pass me your IWM multi tab chart please. Time to update
[10:47] {nemo} what?  the one with all the different levels on different tabs?
[10:47] {Les} ja
[10:47] {nemo} my paypal account is....
[10:47] {Les} 1800 bite me
[10:48] {nemo} frickin' dojo ballerina diva
[10:48] {nemo} iwm:  http://www.freestockcharts.com?emailChartID=47cc1878-5570-4753-bcc6-73334ca35c51
[10:48] {Les} wasn't dancing last night. Still muscling my way through Jiyu aza
[10:49] {nemo} when you get that stance down, and can carry it with you, the muscling stops
[10:49] {nemo} spy:  http://www.freestockcharts.com?emailChartID=cec28f93-09e7-4ed8-88c2-85fd66122cbe
[10:50] {Les} nah, just iwm ty
[10:50] {Les} keep an eye on risk on gauge in hourly time frame
[10:50] {nemo} yesterday, the upper part of the range was controlled by spy...they are symbiotic
[10:51] {nemo} you been hit in the head alot there, Les?
[10:51] {Les} monitor that in 15 min.
[10:51] {Les} where?
[10:51] {thomcbell} im cleaning up nke here 
[10:51] {dino} gut says up
[10:51] {nemo} in general...parents, friends, girlfriends, boyfriends.etc
[10:52] {Threei}  nice one on NKE
[10:52] {Les} only when you open your mouth
[10:52] {nemo} ?
[10:52] {Les} bashing me over the head with your hot air
[10:52] {nemo} spy at pivot, but iwm still has .30 to go
[10:52] {Les} missed fdx setting up new charts
[10:53] {nemo} WPP on spy is .39
[10:53] {dino} giddy-up
[10:54] {Les} TLT vwap support here
[10:55] {dino} tho to .19
[10:56] {nemo} hey cipher, my bats quotes are kaput
[10:56] {dino} panl sm l .50
[10:57] {thomcbell} nke - impatience 
[10:57] {thomcbell} for 0.17 cents 
[10:57] {thomcbell} bad boy
[10:57] {nemo} just hit vwap
[10:58] {nemo} weird, appl printed 542.80
[10:58] {dino} out tho .17, +.25
[10:59] {nemo} anf
[10:59] {dino} bad print
[10:59] {nemo} yeah
[10:59] {nemo} or somebody got really lucky
[11:00] {Les} those damn machines again
[11:00] {nemo} frickin' HFT
[11:02] {Les} Vad TZA break of 45?
[11:02] {Les} .45
[11:03] {dino} ipgp to .60
[11:03] {Les} sm l tza .45 stop below .40
[11:04] {nemo} l anf .01
[11:04] {dino} lh drop
[11:07] {dino} ipgp to .71
[11:09] {dino} out ipgp .72 ave , +.32
[11:12] {Les} out tza -.01 fell short of a scalp
[11:13] {dino} cxo spike
[11:14] {nemo} dino?
[11:14] {nemo} you kick out the plug?
[11:16] {nemo} funny how anf bounced at vwap
[11:16] {dino} lh sm l .50
[11:17] {Les} back at 2pm cheers
[11:17] {nemo} why don't you take the rest of the week off?
[11:19] {dino} out lh .80, +.30
[11:21] {dino} too sooooon
[11:21] {nemo} yeah...thought it might be
[11:21] {dino} that drop to .36 area had me worried, stop was .29
[11:21] {nemo} i'm scratching anf
[11:21] {dino} doesn't move
[11:22] {nemo} got bored
[11:22] {dino} "better worlds"
[11:22] {nemo} going into lunch on a Friday
[11:22] {nemo} Tale of Two Cities Dino?
[11:23] {nemo} watch it go to .30
[11:24] {dino} dark tower/king
[11:27] {nemo} spy at wpp and iwm probably headed to 82.07
[11:30] {nemo} and, of course, ANF headed to target after I got out
Session Close: Fri Mar 23 11:30:14 2012


Session Start: Fri Mar 23 11:30:14 2012
Session Ident: #discussions
02[11:30] * Disconnected
02[11:35] * Attempting to rejoin channel #discussions
03[11:35] * Rejoined channel #discussions
[11:36] {Threei}  LOST INTERNET
[11:36] {dino} calling it a day, buddy called needs a 4th for golf at noon. thx all, decent week
[11:36] {Threei}  have a good one dino
[11:36] {cipher} cya dino
[11:36] {dino} ;)
[11:36] {nemo} wow, look at that anf bar, wtf
[11:37] {cipher} which one the vertical one :-)
[11:39] {nemo} verdammter Europaischer
[11:39] {cipher} they did in on purpose to piss you off
[11:41] {nemo} I'm not paranoid and anybody who thinks I am is out to get me
[11:41] {nemo} so, IWM kisses the daily pivot, and SPY is riding the weekly...mmmmmhhhhh
[11:48] {nemo} was just gonna say, might want to look at tza here
Session Close: Fri Mar 23 11:58:49 2012


Session Start: Fri Mar 23 11:58:49 2012
Session Ident: #discussions
02[11:58] * Disconnected
02[12:05] * Attempting to rejoin channel #discussions
03[12:05] * Rejoined channel #discussions
[12:09] {Threei} Short Setup: LVS  .55 break
[12:09] {Threei}  if stays under .60
[12:15] {thomcbell} fcx bulls have had just about enough of this selling stuff today 
[12:17] {nemo} 1/4 more .32
[12:19] {nemo} stop to .24
[12:35] {Threei}  LVS drops nicely
[12:35] {Threei}  did it have to invalidate by 2 cents?
[12:35] {nemo} yeah, it never breached the 20 sma
[12:36] {nemo} what are your Bollinger Band settings?
[12:37] {Threei}  13/1.7
[12:37] {nemo} ahhhh
[12:39] {thomcbell} short setup - invn 21.19 break
[12:42] {thomcbell} if holds 21.31
[12:42] {nemo} o.k. didn't raise my stop, let's suee if it works out this time
[12:43] {Les} what's the setup?
[12:44] {thomcbell} invalid 
[12:48] {thomcbell} if your asking about invn - was not a valid setup the more i look at it 
[12:49] {Les} nah mate, was asking the clownfish
[12:51] {Les} tza l .27 stop below .23
[12:51] {thomcbell} nke setting up long again here 
[12:51] {thomcbell} not playing 
[12:53] {Les} no go
[13:05] {thomcbell} long setup nke 108.01 break if holding 107.75 
[13:05] {thomcbell} will be half lot 
[13:05] {thomcbell} like the way its consolidating up here near 108
[13:11] {Les} VXX is a hopeless market tracker, but it seems like its bottomed out here at half pivot support
[13:11] {Les} tlt holds above vwap
[13:11] {Les} just need someone to plug the market back in
[13:31] {Threei}  watch TZA for dive to 18 for double bottom play
[13:50] {Threei}  in, .94 stop
[13:50] {rambler} same
[13:51] {Les} yeh
[13:57] {Threei}  will try to partial near .10
[13:57] {Threei}  scalpers know what to do
[13:58] {Threei}  half out
[14:00] {Les} 3/4 out at .07 lightening up
[14:11] {Les} tlt struggling to recover vwap support
[14:13] {Les} last quarter flat .02 ty sir
[14:13] {Les} boss is home. c u's monday
[14:13] {rambler} cya Les..
[14:14] {rambler} out TZA.....zzzzz
[14:29] {nemo} if slw gonna' bounce, it'll be here
[14:35] {rambler} trying to buy TZA at .90 but no luck
[14:36] {Threei} Long Setup:  FAZ  21 break
[14:37] {Threei}  .94 stop
[14:37] {nemo} l slw .85
[14:37] {nemo} stp under .80
[14:38] {rambler} in 
[14:42] {Threei}  the patience this week requires, oy
[14:43] {nemo} and the alcohol!!!
[14:43] {nemo} partial at .90
[14:44] {nemo} setting stop at b/e in case indexes come off
[14:46] {rambler} break out 4x4 Vad....
[14:47] {Threei}  I can barely move my eyelids at the end of Fri, let alone heavy lumber
[14:47] {Threei}  2x4 comes out Monday morning
[14:48] {nemo} i got breakout coming in spyand iwm
[14:49] {Threei}  come on FAZ
[14:49] {Threei}  bounce
[14:50] {nemo} iyf at the top of the range, and it looks like spy and iwm got a ways to go
[14:50] {nemo} GS holding steady too
[14:51] {Threei}  nah, out
[14:52] {nemo} slw getting ready to go
[14:59] {Threei}  ok, lwt�s see if last hour brings anything more exciting than paint drying on the grass growing
[15:02] {rambler} SPY up, down or flat last hour..?
[15:02] {rambler} I say down...
[15:02] {Threei}  I concur
[15:02] {nemo} up
[15:03] {Threei}  want to make nemo jump from the bridge? hang a sign �jumping forbidden�
[15:03] {rambler} aha...and there is the market...
[15:03] {rambler} lol..
[15:04] {nemo} been there, done that
[15:05] {nemo} just to screw with us spy will probably got to 140 maybe 140.14
[15:06] {Threei}  you forgot to mention that you booby-trapped the bridge before jumping
[15:07] {rambler} I say 139.40 but I have lousy track record at predicting future...
[15:08] {nemo} well that would be the WPP
[15:09] {rambler} called 'a hope and a prayer' prediction model...
[15:09] {nemo} it might get there, but look at the trend line on IWM, that's the lead dog today
[15:10] {nemo} it tza is gonna work it will be now
[15:10] {nemo} but I wouldn't expect much
[15:10] {rambler} I got to get your IWM stuff figured out...so many colored lines on the chart I go cross eyed...
[15:10] {nemo} only look at 15 minute or less
[15:11] {rambler} I'll give it another go this weekend..
[15:11] {Threei}  ugh FAZ
[15:12] {nemo} after I plot the levels this is what I watch during the day:  http://www.freestockcharts.com?emailChartID=355689c0-8c6f-456b-a3d9-453cccf47fdc
[15:12] {nemo} yeah, iwm just broke the trend line
[15:12] {nemo} spy at trend
[15:14] {Threei}  (EU) EMU finance ministers proposals to increase size of firewall said to be gaining more support - financial press
[15:14] {Threei}  - Ceiling may be raised to �700B vs other propoals to raise ceiling to �940B which appear to have been ruled out
[15:14] {Threei}  - Pace at which capital to be paid in may be increased
[15:16] {rambler} every time I click on your link my computer freezes up on FSC....
[15:17] {Threei}  do you have silverlight installed?
[15:17] {nemo} weird...what do you have for a computer?
[15:18] {rambler} don't think I have silver light...
[15:18] {Threei} Short Setup: FCX  .60 break
[15:18] {Threei}  if stays under .65
[15:18] {nemo} have to install silverlight
[15:18] {Threei}  that�s why then, FSC is based on it
[15:18] {rambler} ok
[15:19] {nemo} pivot is .48 and vwap is .45
[15:19] {nemo} what kind of computer configuration do you have rambler?
[15:20] {rambler} good question....
[15:20] {rambler} just a regular pc..
[15:20] {rambler} gateway...two monitors...
[15:21] {nemo} quad core, or dual core?
[15:21] {rambler} I think dual....
[15:21] {rambler} have to dig out the manual
[15:22] {nemo} go to control panel
[15:22] {rambler} k
[15:22] {nemo} what operating system you running?
[15:23] {Threei}  Atari
[15:23] {nemo} nice
[15:23] {Threei}  good enough?
[15:23] {nemo} I'm running Pong
[15:23] {Threei}  my Commodere 64 seems to handle it well
[15:23] {rambler} I've got too many computers...lol
[15:24] {Threei}  and with 14.4 modem, blazing the Internet trails...
[15:24] {nemo} shorts looking interesting here
[15:25] {Threei}  join us in FCX then
[15:25] {rambler} windows 7
[15:25] {nemo} vwap and pivot too tight, I'll stay in tza
[15:26] {rambler} Gateway DX4300    AMD Phenom 2x4 810 processor  2.6 GHz
[15:26] {Threei}  hey, here is 2x4!
[15:26] {rambler} 64 bit
[15:26] {Threei}  Phenom 2x4
[15:27] {nemo} o.k. power ain't the problem
[15:27] {Threei}  I didn�t know they used lumber to make computers
[15:27] {rambler} use it...!!
[15:27] {Threei}  all that talk about silicon, just another trick
[15:28] {nemo} anyway, can you open FSC on your own?
[15:28] {nemo} don't hurt yourself
[15:28] {rambler} yes..
[15:28] {nemo} I'm out of tza above the recent high
[15:33] {Threei}  half out
[15:34] {Threei}  squeezing juice out of stone continues
[15:34] {nemo} blood
[15:35] {rambler} got my order in at .51...
[15:35] {rambler} die...gravy sucking pig..
[15:36] {rambler} see, workrd..
[15:36] {Threei}  lol
[15:36] {nemo} things get iffy here on fcx
[15:45] {rambler} die harder...
[15:45] {rambler} die like you mean it..
[15:58] {rambler} out FCX....
[15:58] {rambler} +.12...tks V
[15:58] {Threei}  yw
[15:58] {Threei}  OK guys
[15:58] {Threei}  thank you all
[15:59] {Threei}  profitable but very patience-trying week
[15:59] {Threei}  have a great weekend
[15:59] {Threei}  see you Monday
[15:59] {dptl} good night all
[15:59] {rambler} enjoy the weekend...going boarding sunday so hopefully intact monday morning...lol