Wednesday, September 19, 2012

Sep 19 2012


[13:04] {Threei} Short Setup: DO  .50 break
[13:04]   If holds  .55 

[13:08]   let's try and press for about .25


On top of earlier 1:3 DIS long, among others, makes for a very nice day.


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



Session Time: Wed Sep 19 00:00:00 2012

[08:58] {goryl} gm
01[08:59] {Threei}  goryl :)
[09:02] {jackharry} good morning
01[09:03] {Threei}  jack :)
[09:08] {dino} gm
01[09:08] {Threei}  dino :)
[09:14] {scottie} gm
01[09:14] {Threei}  scottie :)
[09:21] {Will49} good morning
01[09:21] {Threei}  will :)
01[09:22] {Threei}  Beijing hints at bond attack on Japan
[09:23] {Beau} good morning all
[09:23] {RonS} james bond?
01[09:23] {Threei}  beau :)
[09:23] {cipher} gm
01[09:23] {Threei}  hmmm
01[09:23] {Threei}  that's a thought
01[09:23] {Threei}  "bond vigilante"?
[09:23] {Will49} Wide awake and sharp so early Ron
01[09:25] {Threei}  now, read this and weep:
01[09:25] {Threei}  (ES) HSBC sees Spain unemployment }30% by end of 2013 - Cinco Dias- - Most optimistic forecast is for 27.9% unemployement by end of 2013
[09:26] {dino} and the world is saved by the politicians, sheesh
[09:27] {Will49} youth unemployment likely twice that
01[09:27] {Threei}  funny how Romney remarks sparked more outrage than ambassador murder
01[09:27] {Threei}  well... not haha funny
[09:27] {ese} gm
01[09:28] {Threei}  ese :)
[09:28] {dino} because media is liberal bias
[09:28] {dptl} gm
01[09:28] {Threei}  dp :)
[09:30] {dino} deck more blood
01[09:31] {Threei} Long Setup:  FCX  .80 break hl
01[09:31] {Threei}  stop is too obvious
01[09:32] {Threei}  no go
[09:33] {ese} nope
[09:33] {dino} deck sm l .70
01[09:33] {Threei} Long Setup:  DIS  .05 bresk hl
01[09:34] {Threei}  If holds  .95
[09:35] {dolores} GM
01[09:35] {Threei}  dolores :)
[09:35] {dolores} DIS triggered?
01[09:35] {Threei}  yes
01[09:36] {Threei} Long Setup:  SLW  .75 break
01[09:36] {Threei}  Invalidated
01[09:38] {Threei} Long Setup:  SLW  .65 break
01[09:39] {Threei}  target 1:2
01[09:39] {Threei}  1:1
01[09:40] {Threei}  DIS target 1:3
[09:40] {dolores} DIS is all times high?
01[09:40] {Threei}  no
01[09:40] {Threei}  was higher since Sept 13
[09:41] {dolores} ok
01[09:41] {Threei}  SLW, scalpers win
[09:41] {dino} out deck .21, +.51
01[09:42] {Threei}  wtg
[09:42] {dino} ty
01[09:42] {Threei} Short Setup: GLD  .60 break hl
01[09:42] {Threei}  If holds  .70
01[09:43] {Threei}  Invalidated
[09:45] {dino} qcor drop
01[09:45] {Threei}  GLD is back
01[09:45] {Threei}  in
[09:45] {dptl} kft .80 long?
01[09:46] {Threei}  I think so
01[09:47] {Threei}  GLD target 1:3
01[09:47] {Threei}  ha;f out
01[09:47] {Threei}  stop to .62
01[09:48] {Threei}  1:3
01[09:48] {Threei}  out
[09:48] {dolores} wow nice missed  it
[09:48] {dolores} saw it too late
[09:48] {jackharry} out at .32, only small, but they all count! Thanks
01[09:48] {Threei}  how?/ it was there for a minute after I said it was back?
01[09:48] {Threei}  jack :})
[09:48] {scottie} gld +.20 ty Vad
01[09:48] {Threei}  welcome guys
[09:48] {dolores} when I saw the message
01[09:50] {Threei}  National Daily Tracking: #Romney: 47%, #Obama: 46%
[09:50] {dolores} wow gold tanking?
01[09:50] {Threei}  hmmm... by now effect of that tape should have revealed itself if it were there
01[09:51] {Threei}  if no reaction tom orrow, it's over
01[09:52] {Threei} Long Setup:  FCX  .35 break
[09:53] {dolores} in
01[09:54] {Threei}  target 1:2
01[09:55] {Threei}  1:1
[09:55] {dino} asml sm l .78
01[09:56] {Threei}  scalpers win
01[09:56] {Threei}  most likely rinse for the balance
01[09:58] {Threei} Short Setup: SLW  .60 break
01[09:58] {Threei}  If holds  .65
01[09:59] {Threei}  change to .70 break after it goes above it
01[09:59] {Threei}  if holds .75
01[10:02] {Threei}  in
01[10:02] {Threei}  half out
[10:02] {dino} asml to .20
01[10:02] {Threei}  sheesh, this thing can be fast
01[10:02] {Threei}  closed balance
01[10:03] {Threei}  slightly positive, almost a wash
[10:03] {dino} out asml .35, +.57
[10:03] {scottie} gm long 25 ?
01[10:03] {Threei}  ok DIS, look alive, will ya?
01[10:04] {Threei}  I would really prefer pullback entry on GM
[10:04] {scottie} ok
01[10:05] {Threei}  General Motors Corp Exec: Reducing dealer inventories in North America, earlier increases were primarily related to truck build-up - Citi conf slides- Expects dealers to have 650K in inventory by December
[10:05] {dolores} http://www.bloomberg.com/news/2012-09-19/romney-reframes-donor-remarks-while-refocusing-on-economy.html
01[10:07] {Threei}  can I change my answer on GM?
[10:08] {dino} qcor working on that early sept gap
01[10:09] {Threei}  took its sweet time
[10:09] {dptl} vrx .10long?
01[10:09] {Threei}  VRX, yes, half lot
[10:10] {dptl} in
[10:13] {dino} wow qcor
[10:14] {dptl} stopped vrx
[10:15] {dino} gap filled
[10:16] {scottie} lrcx C&H ?
01[10:17] {Threei}  yes but needs to consolidate closer to breakout
[ 01[10:17] {Threei}  desirably above .35
[10:17] {goryl} qcor?
01[10:18] {Threei}  Cotron rsearch on QQCOR, goryl
[10:18] {dino} smr l .70 widetyc
[10:18] {dino} tyc spike
01[10:20] {Threei}  come on DIS, tag 1:2
[10:24] {dptl} mcp 14 short?
01[10:25] {Threei}  I would rather go for .05, dp
[10:25] {dptl} .05 short ?
01[10:25] {Threei}  yes
[10:26] {dptl} with .
[10:26] {dptl} with .15 stop
01[10:27] {Threei}  1:2
01[10:27] {Threei}  1/4 more out
01[10:28] {Threei}  nice slow climber
[10:29] {Will49} :D
01[10:30] {Threei}  *(US) DOE CRUDE: +8.5M V +500KE;
[10:34] {RonS} cstr spilling coin
01[10:35] {Threei}  good one ron
01[10:35] {Threei}  just doesn't work for those who don't know what CSTR does :)
01[10:35] {Threei}  wow MCP
[10:36] {dptl} ye but invalidated first
01[10:36] {Threei}  yes, dropped with no clear setup
[10:37] {dptl} what about len .20 short ?
[10:37] {Will49} good example of capitulation eh Ron?
01[10:39] {Threei}  no clear setup on LEN
01[10:39] {Threei}  anyone is still in DIS?
[10:39] {RonS} $CSTR Chanos Bearish
[10:40] {jackharry} No, out on the last pullback under .20
[10:40] {RonS} wow oil sub $93
[10:40] {scottie} yes
[10:40] {Will49} would have thought Dino would have been all over CSTR
01[10:40] {Threei}  I play it by the book
[10:40] {scottie} partialled at .15 and .25
01[10:40] {Threei}  stop .14 at this point
01[10:40] {Threei}  yup
[10:40] {RonS} may have stepped away will
[10:43] {RonS} new slang...i've been Q'cored...
[10:43] {goryl} wow, is qcor going bankrupt today:)
[10:43] {Will49} :O
[10:44] {Will49} Ron..you crazy guy:)
[10:45] {nemo} hope everyone is having a sucky morning
[10:45] {dino} 07 is just lit up w/red qcor scrolling
01[10:45] {Threei}  not really nemo
[10:45] {nemo} what is the news
01[10:46] {Threei}  on what?
[10:46] {dino} aetna dropped their only drug
[10:46] {scottie} abx s .50 ?
[10:46] {RonS} ese's been having fun...being smacked around by 3i for his O'adulation...
01[10:46] {Threei}  not sure scottie...
[10:46] {RonS} :)
[10:46] {Will49} O'adulation....love it!
[10:46] {scottie} ok
01[10:47] {Threei}  well, ese will have his moral satisfaction on election day
01[10:47] {Threei}  'cause his guy will win
[10:47] {RonS} qotd yesterday:  I wish Obama would run the country as hard as he runs for office
[10:48] {RonS} chicagosean penned it
[10:48] {Will49} you gonna start these guys going again on
[10:48] {Will49} Ron
01[10:49] {Threei}  lol, but I disagree: considering how ruinous his policies are I prefer him to be lazy
[10:49] {ese} hmmmmmmm.....I do get smacked around alot on the board and really enjoy it.........and the other thing i enjoy is the political arguments as varried as they may be because..believe it or not..........i've made a shit load of money here..........wanna get back to this tomorrow because i think it's important there Beau
[10:49] {nemo} whr
[10:49] {ese} have an appointment cyou tomorrow
01[10:50] {Threei}  take care ese
[10:50] {Will49} get your cuts and bruises looked after ese
[10:50] {ese} cya vad will et al
[10:53] {scottie} gis l .05 ?
01[10:53] {Threei}  Coinstar Inc Weakness attributed to cautious comments at Northland Securities
01[10:54] {Threei}  I doubt it
01[10:54] {Threei}  a bit jellyfishy
[10:54] {scottie} ok
[10:56] {dino} deck sm l .60
[10:56] {dino} ssys sm l .10
[10:59] {scottie} out dis +.29 ty Vad
[11:00] {RonS} classic nasdaq misses the halt on qcor by $17 on the downside but halts it for its 10% upside move
[11:00] {Will49} good job scottie
01[11:00] {Threei}  yw
01[11:00] {Threei}  closed it too, 1:3 reached
[11:00] {scottie} will :)
01[11:00] {Threei}  took its time but worked like charm
[11:01] {dino} asml sm l .65 stop .54
[11:02] {dptl}  lrcx .50long?
01[11:02] {Threei}  looks good to me
[11:05] {dino} deck stop -.20
[11:06] {dino} ssys to .74
[11:07] {dino} out .73, +.63 ssys
[11:07] {dptl} expe .60 long?
01[11:08] {Threei}  half lot
01[11:08] {Threei}  EXPE can be jerky
[11:11] {dptl} in lrcx
[11:12] {scottie} ryl l .60 ?
01[11:13] {Threei}  spread is jumpy...
01[11:14] {Threei}  I'd stay away
[11:14] {scottie} ok
[11:14] {dptl} in expe
01[11:15] {Threei}  nice
01[11:15] {Threei}  1:1
[11:15] {dptl} half out
[11:17] {dptl} all out
01[11:18] {Threei}  perfect
[11:18] {scottie} beautiful dp :)
[11:18] {Will49} wtg dp
[11:18] {dptl} ty...waiting for lrcx now
[11:21] {dino} gj
[11:21] {nemo} nke
[11:23] {nemo} nke
[11:24] {dolores} any special news for this spike?
[11:24] {RonS} prob europe about to close...
01[11:24] {Threei}  not really
[11:25] {RonS} took asml for +.30  thanks dino
[11:26] {nemo} cat
[11:26] {dino} asml to .93
[11:26] {dino} gj ron
[11:26] {dptl} half out lrcx
01[11:27] {Threei}  very nice back to back wins
[11:27] {nemo} nke drops .60 probably goes to .30ish
[11:28] {dino} out asml .95, +.30
[11:29] {RonS} gmcr breaking a tight range and looking to squeeze
[11:31] {dptl} out lrcx
[11:32] {scottie} gj dp
[11:32] {dptl} ty
[11:33] {RonS} wow look 2 yr daily on shw...whoda thunk
[11:36] {scottie} aol l .50 ?
01[11:38] {Threei}  late
[11:38] {scottie} wow
[11:38] {Will49} good idea scottie
[11:42] {dptl} how about .70 break now lrcx if holds .60?
[11:43] {dptl} in .72
01[11:44] {Threei}  can't tell here
[11:44] {dptl} better work :)
[11:45] {jackharry} Just got a message on Laser warning to be careful on QCOR!!
[11:45] {RonS} timely
[11:45] {nemo} This is not the indicator you're looking for. - Jedi Mind Trick
[11:52] {dolores} Oppenheimer defending the stock
[11:52] {dolores} QCOR
[11:52] {dolores} jack you in?
[11:52] {jackharry} no, stayed away, just watching
[11:53] {dolores} ok
[11:53] {dolores} me too
[11:53] {dolores} those days are over for me
[11:53] {jackharry} yes, that's what i was thinking, me and you have bad experiences of stocks like this!
[11:54] {dolores} yesssssssss
01[11:55] {Threei}  it's almost like have some mesmerizing effect on traders
[11:55] {nemo} of course Oppenheimer is going to defend the stock
01[11:55] {Threei}  just have to trade them
[11:55] {nemo} They probably have a shit ton of it
[11:55] {dptl} half out lrcx
[11:55] {scottie} lrcx +.10 tks dp
01[11:55] {Threei}  so is Piper and jefferies
[11:55] {Will49} tks DP on lrcx +.10
[11:56] {dptl} lol...i am Vad now
01[11:56] {Threei}  there is so many plays with clean setups and easy money,
[11:56] {Will49} :)
01[11:56] {Threei}  as dp demonstrates
[11:56] {dolores} well probably go back to 40 then
[11:56] {RonS} qcor 55 mil outstanding, 36 mil sh traded today
01[11:56] {Threei}  but no, we feel we need to be heroes and trade those overheated ones
01[11:57] {Threei}  I mean look at DIS, LRCX, EXPE
01[11:57] {Threei}  one common trait for all of them:
01[11:57] {Threei}  they are not glamorous
01[11:57] {Threei}  they are boring
01[11:57] {Threei}  oh, and profitable
[11:57] {RonS} meantime in gmcr at .55 stop to .85
[11:57] {dptl} all out
01[11:59] {Threei}  I'd venture to suggest that good trading should be boring
01[11:59] {Threei}  because it's routine
[11:59] {Will49} and fits my personality
01[11:59] {Threei}  not an invention of the wheel with every next trade,
01[12:00] {Threei}  just following the routine, well established, reserached and practiced
01[12:00] {Threei}  see setup - take setup
[12:00] {RonS} out gmcr +.30
01[12:00] {Threei}  wait for the market to tell you which it is, profit or stop,
[12:00] {Will49} wtg Ron
01[12:01] {Threei}  take either with no hesitation and go look for next
01[12:01] {Threei}  nice one Ron
[12:01] {RonS} ty
01[12:01] {Threei}  finish your boring day, yawn all the way to the bank,
[12:01] {Will49} dp...looks like lrcx wants to close opening gap
[12:01] {scottie} dp everytime you go out, that damn lrcx goes up
01[12:01] {Threei}  and if you need excitement - find it after market closed
[12:01] {dptl} lol  ye
01[12:02] {Threei}  after all, no one canceled bar fights and one night stands
[12:02] {Will49} lol
[12:02] {Beau} my wife cancelled mine
[12:02] {Will49} I'm limited to bar fights now
[12:02] {RonS} gmcr...someone had 176k offer at .46...when that got taken out and held .50 figured it had to go
01[12:08] {Threei} Short Setup: MOS  .50 break
01[12:09] {Threei}  If holds  .60
01[12:09] {Threei}  target 1:2
[12:19] {nemo} .60 level lvs
01[12:22] {Threei}  no worky
03[12:25] * Retrieving #discussions modes...
[12:29] {dino} cstr sm l .26
[12:30] {dino} fadebook luv
01[12:34] {Threei} Long Setup:  CAT  .02
01[12:35] {Threei}  If holds  .95
01[12:35] {Threei}  half out
01[12:35] {Threei}  stop .99
01[12:36] {Threei}  gota take scalps this time of the day
01[12:45] {Threei}  or not tighten stops that fast :)
[12:46] {dino} deck sm l .60
[12:46] {scottie} took +.08 on cat ty Vad
01[12:47] {Threei}  yw
[12:48] {RonS} cstr 200k block just posted at .40
[12:49] {scottie} should have waited of course
[12:49] {RonS} wow renn
01[12:49] {Threei}  hey, you stayed wth DIS for the whole ride - that must have exjausted your patience for the day
[12:49] {scottie} :)
01[12:51] {Threei}  CNBC hype RENN, Ron
01[12:51] {Threei}  (US) Senate Finance Committee Chair Baucus (D-MT) calls for Bernanke to meet in closed door session to describe impacts from fiscal cliff outcomes- Sees questions being asking regarding QE3 decisions - Hopeful Bernanke will call on Congress to 'phase in' deficit cuts and reiterate the need for fiscal adjustments - Reminder: Yesterday reports indicated that Bernanke would be meeting with the Senate Finance committee today
[12:52] {dptl} got to leave early....see ya tomorrow all, have a good one
[12:52] {scottie} dp
01[12:52] {Threei}  take care dop, nice trading today
[12:52] {dptl} ty
[12:53] {jackharry} Dolores, if we had have traded QCOR we would have averaged down a load of times, got the average down to 36.36 and had our sell orders ready at that price to offload all but our original shares at 12.09 p.m.  You know that's how it would have worked out!
[12:53] {dptl} dop...lol
01[12:53] {Threei}  hah
01[12:53] {Threei}  sounds so familiar
01[12:53] {Threei}  sorry dp, fat fingers... neighboeing ketters :)
01[12:54] {Threei}  jack, this should sound awfully familiar to you:
01[12:54] {Threei}  http://blog.realitytrader.com/2009/06/averaging-down-yea-or-nay.html
01[12:54] {Threei}  scenario #1
[12:56] {jackharry} yep, been there!
01[12:56] {Threei}  (GR) Troika said to have accepted approx �8.5-9.5B worth of cuts to Greece fiscal situation; talks ongoing - financial press- Reminder: Earlier reports indicated that Greece and Troika narrow differences on budget cuts, but still searching for �2B in cuts, hoping to finalize agreement by Sunday, Sept 23
01[12:56] {Threei}  they can agree on 100B cuts as well
01[12:56] {Threei}  or 500B
01[12:56] {Threei}  it's not going to happen anyway
01[12:57] {Threei}  Greece can't sustain today's situation, let alone more cuts
[12:57] {dino} crazy that they loan knowing they will not be paid back
[12:57] {dino} taxpayer $ i guess
01[12:58] {Threei}  Kramer: They write it all off Jerry!
01[12:59] {Threei}  Lazard joined the choir of QCOR defenders
[12:59] {dino} they need to get out
[12:59] {dino} i go w/aetna, wlp next
[13:01] {scottie} aol l 35 ?
01[13:02] {Threei}  nah
01[13:02] {Threei}  not inless it onsolidates for a few minutes
[13:02] {scottie} tks
01[13:04] {Threei} Short Setup: DO  .50 break
01[13:04] {Threei}  If holds  .55
01[13:08] {Threei}  cover half near .40
01[13:08] {Threei}  let's try and press for about .25
[13:08] {scottie} missed it, was a bit late and didn't wanna chase
01[13:13] {Threei}  half out
01[13:13] {Threei}  stop to .51
[13:15] {dino} deck to .95
01[13:15] {Threei}  1/4 more around .32 - .33
[13:15] {dino} out +.35
01[13:18] {Threei}  out 1/4 more
01[13:18] {Threei}  stop to .41
01[13:18] {Threei}  and bid .25 for the last piece
[13:25] {dino} cstr stop -.07
01[13:26] {Threei}  out last 1/4
01[13:26] {Threei}  clean and calm trade
01[13:27] {Threei}  this is advantage of these setup-based trades over enotion-based QCOR type :)
01[13:27] {Threei}  emotion too
01[13:27] {Threei}  "it can't go any lower!"
01[13:27] {Threei}  oh yes, it can, and does
[13:28] {Beau} very nice vad. no fill at .48 for me, but to watch
01[13:28] {Threei}  ovesold gets oversolder, before it gets oversoldest... and then it sells some more
[13:28] {jackharry} missed DO, nipped out to get something to eat, but very nice
[13:29] {Beau} fun to watch
01[13:31] {Threei}  visual: http://goo.gl/vC02p
[13:31] {goryl} thanks Vad, see u tomorrow
01[13:31] {Threei}  yw, take care
[13:34] {nemo} ocn
[13:36] {Beau} vad i'm getting more comfortable with setups but big trouble screening to find.  Where/how to learn more about finding stocks watch for setups
[13:36] {nemo} screen time
[13:36] {nemo} screen time
01[13:36] {Threei}  scanner
[13:36] {nemo} screen time
[13:36] {nemo} and that too
01[13:37] {Threei}  *(US) MOODYS REAFFIRMS US NEGATIVE OUTLOOK; CITING ONGOING MACROECONOMIC RISK AND BUDGET ISSUES
01[13:37] {Threei}  how do you find them if you don;t have a tool finding them :)
[13:41] {Beau} meaning intelliscan?
01[13:41] {Threei}  to me, yes
01[13:41] {Threei}  there are otjers but none that I know offers this kind of ppower for this kind of rpice
[13:41] {Beau} then howto use?
01[13:42] {Threei}  ?
01[13:42] {Threei}  you get a lot of alerts from the scanner
01[13:42] {Threei}  pick those that you like
[13:42] {Beau} need to take another look at it.
01[13:42] {Threei}  adjust criteria to your liking if its too broad
01[13:43] {Threei}  as I use it now, it has 15 alert windows
01[13:43] {Threei}  I don't think you need all of them
01[13:43] {Threei}  and no one needs all of them all the time
[13:45] {Beau} and your screens are available to look at, right?
01[13:45] {Threei}  sure, you get my layout
[13:45] {Beau} ok.
01[13:45] {Threei}  and see what I see
01[13:46] {Threei}  some screens are quite exotic,
01[13:46] {Threei}  for instance, there is a newer one called "social networks in action"
[13:46] {scottie} jcp s 29 ?
01[13:46] {Threei}  O'd use .05
01[13:47] {Threei}  it shows stocks that are actively discussed by twitter etc
01[13:47] {Threei}  QCOR fills it up today :)
[13:48] {dino} asml sm l .60
[13:48] {scottie} .10 stop ?
01[13:48] {Threei}  above it, yes
[13:49] {nemo} need .30 stop me thinks dino
[13:50] {dino} asml? stop .49
01[13:50] {Threei}  QCOR halted
[13:50] {nemo} look 7/25
01[13:50] {Threei}  news pending this time
[13:50] {scottie} not in short list
01[13:50] {Threei}  official comment from company is coming
[13:51] {dino} ok i see that
[13:51] {nemo} just sayin'
[13:52] {dino} appreciate it nemo, you eye is good
[13:54] {dino} crr sm l .72 gappy
[13:55] {nemo} amazing how many stocks are just grinding
[13:56] {dino} for me, aug moves were better
[13:56] {nemo} much, especially the indexes
[13:57] {nemo} basically IWM has been walking the weekly pivot this week.  I feel like Bill Murray
[13:58] {dino} cymi lod
[13:59] {dino} for "ox" week, things have been calm
[14:00] {nemo} so, most of the index options must be in this area
[14:00] {dino} thats what i'm thiking
[14:00] {dino} you pickedup on my "ox" term
[14:01] {nemo} yeah, I'm thinking like you, you're thinking like me...suicide becomes a viable option
[14:01] {dino} well, it's a good day to die, and the days not over yet
[14:01] {nemo} what movie is that from?
[14:02] {dino} star trek, wrath of kahn i think
[14:02] {nemo} ahhh...it's the samurai meditation also
[14:02] {dino} or maybe worf said it in next gen
[14:05] {scottie} glad to see jcp doing well without me
[14:06] {RonS} dino, the indians said it whenever they had a speaking part in 50% of the westerns
[14:07] {dino} huh, never picked up on that
[14:07] {RonS} before pc of course...in '40's-60's
[14:07] {nemo} tna worth a try
[14:08] {nemo} break .05
[14:08] {dino} ahhh. my fav western didn't have indians in it, tombstone
01[14:08] {Threei}  in korean westerns too Ron?
[14:08] {nemo} I'll be your huckleberry
[14:08] {RonS} lol
[14:08] {dino} awesome lines in that
[14:08] {nemo} Yeah, Jonny Ringo was not happy when he showed up
[14:09] {RonS} saw keitel in 1993 sean connery movie...
[14:09] {dino} looked like someone just walked over your grave
[14:09] {RonS} ...hey detective, want some sushi?...
[14:09] {RonS} ...keitel:  if i want mercury poisoning i'll chew on a thermometer..
[14:10] {dino} lol
[14:10] {scottie} cc_8 you're here?
[14:10] {dino} you tell them i'm coming, and hell's coming w/me
[14:11] {nemo} Wyatt Earp
[14:11] {dino} y
[14:13] {dolores} any short MOSS
[14:13] {dolores} Below .70?
01[14:13] {Threei}  MOSS?
[14:13] {dolores} sorry MOS
01[14:14] {Threei}  don't see any setup there
[14:14] {dolores} ok thxs
[14:19] {nemo} first partial .20ish
[14:24] {scottie} qihu l 25 ?
[14:25] {nemo} stop to B/E now
01[14:25] {Threei}  too narrow
[14:25] {scottie} tks
[14:25] {RonS} amazing conclusion when you investigate yourself:  Investigation: No evidence US Attorney General Eric Holder knew of 'Fast and Furious' gun-running sting
[14:27] {RonS} qotd:  LMAO ! Got his ass whooped by a girl }}} Iran Cleric Pummeled by ‘Badly Covered’ Woman After Warning http://bloom.bg/Rt0rRC
01[14:27] {Threei}  signed: E. Holder. Forwarded for fact-checking to: E. Holder. Checked and verified by: E. Holder
[14:27] {dino} sweet
[14:28] {nemo} VIAB
[14:28] {nemo} wtf!!!!
01[14:29] {Threei}  Badly Covered Woman turned out well-saved Navy Seal?
01[14:29] {Threei}  shaved
[14:30] {scottie} lol
[14:34] {dino} viab sm s .54
[14:36] {scottie} rcl s .35 ?
01[14:38] {Threei}  yup
01[14:38] {Threei}  with .43 stop
[14:39] {scottie} can't short it
01[14:39] {Threei}  go long .43 then
[14:40] {nemo} what's the news on viab
[14:40] {dino} stop viab -.33
[14:40] {dolores} could not find any
[14:41] {dolores} merger or take over rumors?
[14:41] {dolores} something must be
01[14:41] {Threei}  nothing here either
[14:42] {dolores} Questcor does not believe Aetna policy bulletin will have material impact Questcor Pharmaceuticals (QCOR) commented on information regarding an insurance policy bulletin issued with respect to the company's primary product H.P. Acthar Gel. The company said it is continuing to review the Clinical Policy Bulletin related to Acthar from Aetna (AET). Currently, Q
[14:42] {dolores} questcor will reume 3.05
[14:42] {dolores} resume
[14:42] {nemo} viab broke c&H on weekly
[14:44] {scottie} can't buy either, must have problem with Laser
[14:45] {dino} i can't find news
[14:45] {nemo} short it under .40
[14:45] {nemo} next after that is .70ish
[14:46] {nemo} yep touched .40
[14:46] {dino} re-load s brake of .20
[14:47] {nemo} hi of 54.401
[14:47] {nemo} hehehehe
[14:48] {nemo} .68 next stop if it breaks .40
[14:49] {nemo} short .29
[14:49] {nemo} stop above high
[14:49] {nemo} yowza
[14:50] {dolores} I am not afraid of shorting
[14:50] {dolores} I get worried might get halted
[14:50] {nemo} god bless ya'
[14:50] {nemo} frig me
[14:50] {dolores} on some new
[14:50] {dolores} news
[14:50] {dolores} when they move like this there must be a rumor
[14:51] {nemo} this may be a technical break, look at the weekly
[14:51] {dolores} how is the volume ?
[14:53] {dolores} media companies up today
[14:54] {dolores} maybe you are right and its technical
[14:55] {nemo} is viacom still tied to aol?
[14:59] {dino} asml to flat
[14:59] {dolores} I think is all times high
[14:59] {dolores} VIAB
01[15:01] {Threei}  QCOR resumes in a few min
01[15:02] {Threei}  4'
[15:04] {nemo} yelp ripping
[15:05] {dino} viab to .04 things nuts
[15:05] {nemo} perfect fit for you then
[15:06] {nemo} sorry
[15:06] {nemo} not really
[15:06] {dino} ok, it dshould have dropped hard on .00 break
[15:06] {nemo} speaking of nuts, what's up with Magoo
[15:06] {nemo} ?
[15:06] {dino} dk
[15:06] {nemo} oh
[15:06] {dolores} thought the company statement was to hold the stock
[15:06] {nemo} wife bury him on the back 40?
[15:07] {dino} perhaps
[15:07] {nemo} lucky bastard
01[15:07] {Threei}  doesn't look like QCOR convinced anyone
[15:08] {dino} to .90 viab
[15:08] {nemo} look de on daily
[15:09] {dino} asml to .71
[15:10] {dino} cov viab .90, +.30
[15:11] {dino} z spike
[15:14] {dino} out asml .74, +.14
01[15:21] {Threei}  Viacom Inc. Moves higher after CEO makes positive comments at Goldman Conf- Notes particular strength in scatter pricing (rising in mid teens over upfront rates)
01[15:21] {Threei}  there you go
[15:21] {nemo} sell the rumor
[15:23] {scottie} gotta go, see you all tomorrow
01[15:23] {Threei}  take care scottie
[15:23] {Will49} peace scottie
[15:24] {Will49} peace, order and good government
01[15:25] {Threei}  address?
01[15:25] {Threei}  x on a map?
[15:25] {Will49} Parliament Hill
[15:25] {Will49} at least relatively speaking
01[15:26] {Threei}  unless next election results in NDP givt :)
[15:26] {Will49} agreed
[15:26] {Will49} Leader is a sharp guy
[15:27] {Will49} NDP Leader
[15:28] {Will49} At my age, I should be voting NDP, but will die first
[15:31] {dolores} that AETNA  styops covering means patients will not buy it through health policy and have to use another drug?
01[15:33] {Threei}  that's the gist of it
[15:33] {dino} correct. plus if aetna stops covering, so will wellpoint, cigna, etc
[15:33] {dolores} ok
[15:33] {dolores} so people will have to pay it of their own pocket
[15:33] {RonS} more damning imo aet not covering because seeing no efficacy
[15:34] {dolores} ok
01[15:34] {Threei}  plus one more thing:
01[15:34] {Threei}  On July 10th, Citron suggested QCOR should drop to a single digit stock within 18 months, noting that the active ingredient in its lead product is widely available in a generic form.
[15:34] {dolores} ok
[15:35] {RonS} jcp spike
01[15:35] {Threei}  JC Penney Company Inc (Holding Co) CEO: A total of 12 "shops" are being implemented at JC Penny stores; new "shops" are comping 20% better than the rest of the store - analyst conf- Sephora "shop" continues to improve, Sephora is thrilled with their much better improvement. - Levi's was one of our first "shops", Levi's is seeing double-digit comp gains, well above plans. - Impact of the "shops" will be much greater next holiday as deployed number of "shops" reaches 40.
[15:37] {dolores} everyone covering
[15:44] {dolores} almost giving all the spike back
01[15:53] {Threei}  OK guys, thank you all
01[15:53] {Threei}  have a good evening, see you tomorrow
[15:53] {dolores} thxs vad
[15:53] {dolores} see you tomorrw
[15:54] {Will49} take care Vad
[15:54] {dino} gn all, thx for ideas
[15:54] {Will49} Bye Dino

Tuesday, September 18, 2012

Sep 18 2012


No comments needed but this:

[10:12] {Threei} Short Setup: MOS  .70 break
[10:12]  If holds  .80 
[10:13]  target 1:3





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




Session Time: Tue Sep 18 00:00:00 2012
01[08:51] {Threei}  Fed's Evans: The economy faces a demand problem, not a structural problem.
01[08:51] {Threei}  idiot
[08:54] {dino} gm
01[08:54] {Threei}  dino :)
[09:00] {dino} db gap filling
[09:03] {jackharry} good morning
01[09:03] {Threei}  jack :)
[09:04] {goryl} gm
01[09:05] {Threei}  goryl :)
[09:13] {nemo} book night is painful
[09:15] {dino} ?
[09:15] {RonS} *
[09:16] {nemo} Monday nights I'm in a group that reviews and edits book projects.  It usually includes a bottle of Cognac, Single Malt Scotch, etc.
01[09:17] {Threei}  must be very tough
[09:17] {dino} ahhh, you poor b@stard
[09:17] {RonS} good news:  Harvard graduates now earn less than those from the South Dakota School of Mines & Technology
[09:18] {Beau} good morning all
[09:18] {RonS} any of you guys watching "Copper" on BBC America?
01[09:18] {Threei}  beau :)
[09:18] {dino} no
[09:19] {RonS} Irish cop in NYC in 1860's ...man were things rough back then
[09:19] {Will49} Good Morning
01[09:20] {Threei}  will :)
[09:20] {scottie} gm all
01[09:21] {Threei}  scottie :)
01[09:21] {Threei}  so... Romney shot himself in the foot while it's still in his mouth while his head is up his ass. The exit wound looks spectacular.
[09:21] {RonS} who could argue with what he said?
01[09:22] {Threei}  suree... but that's not the point, is it
[09:22] {RonS} % rings true even in my neighborhood
[09:22] {dino} actually what he said was true
[09:22] {dino} media just hates the truth
01[09:22] {Threei}  do you get idiot's vote while call him an idiot?
[09:22] {RonS} government and government dependant jobs...
01[09:22] {Threei}  and while media around makes sure that nokt 47 but 75% think they call them idiots?
[09:23] {RonS} the O does it...
[09:23] {dino} indeed he does, says people don't understand what he is saying
[09:28] {ese} gm
[09:28] {nemo} As Churchill said, The best argument against democracy is a 5 minute conversation with the average voter
01[09:28] {Threei}  ese :)
[09:30] {ese} thats a great quote........
01[09:31] {Threei} Short Setup: SLW  .70 break
[09:31] {ese} question here is...........are you a victum memo?
[09:31] {ese} nemo
01[09:31] {Threei}  If holds  .80
[09:31] {nemo} victum of what?
01[09:32] {Threei} Short Setup: FCX  .90 break
01[09:32] {Threei}  If holds  41
01[09:32] {Threei}  SLW 1:1
01[09:32] {Threei}  ditto FCX
[09:33] {ese} That was the quote in our papers up here from Romney...claims that Obama voters all think they are victums
[09:33] {ese} victims
[09:33] {scottie} slw +.10 ty Vad
01[09:33] {Threei}  yw
01[09:34] {Threei} Short Setup: FCX  41 break
01[09:34] {Threei}  ugh, too fast
01[09:34] {Threei}  disregard
[09:35] {RonS} deck dino
[09:35] {ese} no.........do not hit dino
[09:35] {ese} he does great work on the board
01[09:37] {Threei} Long Setup:  CAT  .10 break hl
01[09:37] {Threei}  Invalidated
01[09:37] {Threei} Short Setup: POT  .70 break
01[09:37] {Threei}  If holds  .80
01[09:38] {Threei}  ^%#$*... missed MOS .30 alert by a few seconds
[09:39] {nemo} spy bounce here
[09:39] {nemo} if not look for 146
01[09:42] {Threei} Short Setup: FCX  .10 break
01[09:42] {Threei}  If holds  .20
01[09:43] {Threei}  nope
[09:43] {nemo} FIO
01[09:43] {Threei} Short Setup: SLW  39 break
[09:45] {nemo} FIO .00 big level
[09:46] {thomcbell} bought aig 34.32
[09:47] {dino} deck sm l .25 pulp
01[09:48] {Threei}  National Daily Tracking: #Romney: 47%, #Obama: 45%
01[09:49] {Threei}  we will know in couple days the effect of those remarks
[09:51] {Will49} sorry Vad..lost track, is SLW 39 break still valid?
[09:51] {ese} If I were Obama.....I'd be sitting in the White House office laughing my brains out..........would not spend a red cent on campaigning...Romney will save the democrates a crap load of money
[09:51] {Will49} no...answered my own Q
01[09:52] {Threei}  yes will :)
[09:52] {Will49} OK
01[09:52] {Threei}  I mean, yes, you answered it.. not that it's valid :)
[09:53] {Will49} got it...as you say (obviously)
01[09:53] {Threei} Short Setup: FCX  .30 break
01[09:54] {Threei}  If holds  .40
01[09:54] {Threei}  if breaks .40, change setup to .40 - .45
[09:55] {thomcbell} aig long setup 34.45 break if holding 34.35
01[09:55] {Threei}  above .45 whole idea incalidated
[09:55] {thomcbell} will be an add for me
[09:57] {scottie} target Vad ?
01[09:57] {Threei}  not sure
[09:58] {thomcbell} aig invalidated for me for time being
01[09:58] {Threei}  let's cover half
01[09:59] {Threei}  trail to .31
01[09:59] {Threei}  and see what happens
01[10:00] {Threei}  scalpers win
[10:00] {scottie} sold .22 +.07 thanks Vad
01[10:00] {Threei}  *(US) SEP NAHB HOUSING MARKET INDEX: 40 V 38E
01[10:02] {Threei}  for the whole morning I can't quite get the direction
[10:03] {dolores} hello GM
[10:04] {dino} crr sm l .51
01[10:04] {Threei}  dolores :)
01[10:05] {Threei} Short Setup: SLW  .30 break
01[10:05] {Threei}  If holds  .40
[10:05] {dino} deck stop -.26
[10:05] {dolores} in SLW
[10:06] {nemo} jazz looks like a possible short
[10:06] {nemo} drops .20
01[10:07] {Threei}  don't like that SLW won't follow SPY right away
01[10:08] {Threei}  let's trail stop to .36
01[10:08] {Threei}  finally
01[10:09] {Threei}  1:1
[10:09] {robbers} ty
[10:09] {scottie} out +.09 ty VaD
01[10:09] {Threei}  :)
01[10:10] {Threei}  1:2, out
[10:10] {Will49} tks Vad +.13
01[10:10] {Threei}  yw
[10:11] {dolores} thxs +12
[10:11] {Will49} noobies rock
[10:11] {Will49} :D
[10:11] {Will49} gettin' cocky, eh?
01[10:12] {Threei} Short Setup: MOS  .70 break
01[10:12] {Threei}  If holds  .80
01[10:13] {Threei}  target 1:3
[10:13] {nemo} deck
[10:14] {nemo} fricking 45 buyer deck
[10:14] {nemo} 44.99 to be exact, unfrickinbelievable
[10:14] {nemo} when he drops this goes
[10:15] {nemo} expensive toi borrow
01[10:16] {Threei}  stop to .76
01[10:16] {Threei}  1:1
01[10:16] {Threei}  stop to .71
01[10:16] {Threei}  from here by the book
[10:17] {dptl} gm
01[10:17] {Threei}  dp!
01[10:17] {Threei}  missed glorious day
[10:18] {dptl} oh well been busy.....gonna stay for an hour today too
[10:18] {thomcbell} im out aig for 0.05 loss
01[10:22] {Threei}  1:2
[10:22] {scottie} +.19 TY vAD
01[10:22] {Threei}  yw
[10:24] {jackharry} out +.24, thank you
[10:24] {Will49} tks Vad 1:2
01[10:24] {Threei}  yw guys
01[10:25] {Threei}  1:3 target hit, over and out
[10:25] {robbers} Vad wearing out the "y" and "w" keys today.
[10:25] {robbers} Nice morning.
[10:25] {dptl} fslr .95 long?
[10:25] {Will49} noobie needs more patience
01[10:25] {Threei}  I wish... all keys are blind again
[10:26] {nemo} http://www.freestockcharts.com?emailChartID=5cef78f3-3549-4168-b8ec-f28aa6e19c74
01[10:26] {Threei}  it's like I have a sandpaper on my fingertips, kwyboards go blind in months
[10:26] {Will49} that's he vodka, ruins fingerprints
01[10:26] {Threei}  "like" = "as if" (slanting at nemo ascance)
[10:27] {nemo} oy frickin' vay
01[10:28] {Threei}  askance?
[10:28] {nemo} tjx bounced off key support on the daily
[10:29] {RonS} Fed Chicago President Charles Evans: QE3 will make the economy "more resilient"
[10:30] {nemo} they make this shit up as they go along
[10:30] {dptl} vlo .50 short?
[10:30] {robbers} The economy:  "I've fallen and I can't get up."
01[10:30] {Threei}  for a small scalp only, dp
01[10:31] {Threei}  ron, from earlier:
01[10:31] {Threei}  [08:51] {Threei} Fed's Evans: The economy faces a demand problem, not a structural problem.
01[10:31] {Threei}  [08:51] {Threei} idiot
[10:31] {Will49} The Fed: don't worry, we'll teach you how to crawl
[10:31] {dino} allt sm l .45
01[10:32] {Threei}  seriously, they don't understand basics or what?
01[10:33] {Threei}  of demand is created artificically by easy credit, and disappears when debt becomes too large, how is it not a structural problem?
01[10:33] {Threei}  of = if
[10:33] {Will49} they understand all too well: they just feed the seething masses more BS
01[10:33] {Threei}  and how on earth can you fic it by more credit and debt?
[10:34] {dptl} wlp .05 ? long? or .07?
01[10:34] {Threei}  meh
01[10:35] {Threei}  too narrow
[10:35] {Will49} just give us cheaper fast food, bigger screen TVs and more reality TV shows
[10:35] {nemo} this is worse than last week of August
[10:35] {jackharry} it's like the drunk who thinks the answer to his hangover is to keep drinking
01[10:35] {Threei}  visual: http://goo.gl/PAGy1
[10:38] {dino} allt stop -.26
[10:39] {dptl} mpc .80?
[10:39] {dolores} MOS not following the market
[10:39] {dolores} any long ?
[10:39] {nemo} that's hitting a little close to home John Harold
[10:39] {jackharry} thought you would like that analogy
[10:40] {Will49} I know who John Galt is...but who is John Harold?
[10:40] {nemo} he's a frickin' mick
[10:40] {jackharry} thats me, nemo is being very formal
[10:40] {Will49} wtf?
[10:40] {Will49} ohhhhh...I get it (slow)
01[10:41] {Threei}  wow MOS
[10:42] {dino} bsft sm l ave .65
[10:50] {scottie} tjx s .30 ?
01[10:51] {Threei}  .40 long looks a bit more attractive
[10:51] {jackharry} nemo, you were right about deck, look at her go
[10:53] {dolores} MOS tricked me stopped me .16
[10:54] {dolores} now  market down keeps up
[10:55] {Beau} dino, with large spread like BSFT how do you figure offer?
[10:55] {dptl} pay .40 break   long?
[10:56] {dino} waiting just below vwap
01[10:56] {Threei}  I am not sure I understand the logic of long on MOS, dolores
[10:56] {nemo} kors
01[10:56] {Threei}  it doesn'/t want to go up when market does - meanis it's weak,
[10:56] {Beau} thank you d
01[10:56] {Threei}  and if anything - it's a short when market stops going up
[10:57] {dolores} went long when it hold the 58
[10:57] {dptl} pay .40?
01[10:58] {Threei}  I don't like it very much dp
01[10:58] {Threei}  no energy
[10:58] {dptl} ok
[11:01] {dino} out crr .83, +.32
[11:01] {scottie} GSK 47 long ?
01[11:02] {Threei}  if going for 5-7 cents scalp...
[11:02] {scottie} OK
[11:06] {dino} screwed up bsft, out flat
01[11:13] {Threei}  (US) Moody's issues commentary on fiscal cliff scenarios
01[11:13] {Threei}  - Moody's: in our "Cliff" scenario, which we believe has a 15% probability, policymakers would decide to stick to the current law and let the nation go over the fiscal cliff. This would cause real GDP to fall 2.8 percentage points below what it would be if current policies were extended in 2013 and lead to a new recession, pushing unemployment up to 9.2% by year's end,"
01[11:13] {Threei}  Alternatively in Moody's Analytics "No Cliff" scenario, which has a 30% probability, policymakers would avoid the fiscal cliff by extending current policy so that there would be no changes to taxes and spending in 2013. While the U.S. economy would improve next year, under this scenario, there would be no progress toward long-term fiscal sustainability
01[11:13] {Threei}  - Moody's Analytics baseline scenario, which is the most likely scenario with a 55% probability, states that policymakers will agree to a middle ground between the "Cliff" and "No Cliff" scenarios.
[11:14] {Will49} shrug!
[11:17] {dptl} well got to go...see ya tomorrow, have a good one
01[11:18] {Threei}  take care dp
[11:18] {dino} cya
[11:18] {dino} deck sm l .25
[11:18] {RonS} headline of the day:  American Flag Murders Stupid Pakistani Agitator
[11:19] {RonS} A Pakistani protestor has died after inhaling smoke from burning U.S. flags during a rally against the anti-Islam film Innocence of Muslims.
01[11:19] {Threei}  gosh, whnat do they make those flags from, lol
[11:19] {RonS} chinese plastic?
[11:19] {dino} roflol, a justice
01[11:20] {Threei}  I guess it's a good cause for new protests... "make US make their flags from natural products"
[11:20] {RonS} lol
[11:20] {dolores} probably made in china !
[11:20] {Will49} Our BC flag is made of hemp
[11:20] {dolores} toxic plastic
[11:20] {Will49} smokes nice
[11:21] {RonS} lol
01[11:21] {Threei}  see? that's how environmentally responcible govrnment acts
[11:21] {Will49} your only supposed to burn the BC flag for personal use
01[11:22] {Threei}  can't grow flags without medical license either
[11:22] {Will49} also, the hemp flag doesn't flap worth a damn
[11:22] {Will49} flap
01[11:22] {Threei}  "Attention: burning BC flags leads to a strong case of munvhies"
[11:22] {Will49} lol
01[11:23] {Threei}  munchies too
01[11:27] {Threei} Short Setup: POT  .50 break
01[11:27] {Threei}  If holds  .60
[11:37] {RonS} sfly into a volume gap w/ 24% float short...
[11:38] {dino} bid drop
01[11:41] {Threei}  Two Fed governors publically disagreed over QE3 this morning. Fed dove Evans asserted that the Fed is making modest, safe policy moves and called fears of Fed-fueled inflation "consistently wrong." However just ahead of Evans' speech, Fed hawk Fisher (a non-voter) told CNBC he would have voted against QE3 and diagnosed the problems of the US economy as a lack of incentives for private sector investment thanks to poor tax and regulatory structures.
[11:41] {dino} i'm w/fisher
01[11:42] {Threei}  I want to see Evans fighting a hummingbird
01[11:42] {Threei}  I am sure hummingbird will win, so dovish Evans is
[11:42] {dino} bid sm l ave .52
[11:43] {dolores} dino ave?
[11:44] {nemo} tna long worth a shot here
[11:45] {dino} average
[11:47] {dolores} POT triggered?
01[11:47] {Threei}  about to, not yet
[11:47] {dolores} THXS
[11:47] {dolores} thought {i swa a .49 too fast
[11:48] {dolores} saw
[11:50] {dino} bid tighten to .46, not moving
[11:54] {dolores} was .49 some breakdown point?
01[11:55] {Threei}  on POT?
01[11:55] {Threei}  loss of .50 support
[11:55] {dolores} yes like a previous support or something
[11:56] {dolores} for example why not short it break of .55 when it did not go to .60?
01[11:56] {Threei}  look at intraday chart, from 11:10 on
01[11:57] {Threei}  it testedf support at .50 many times
01[11:57] {Threei}  forming DBI setup
[11:57] {nemo} LO dino
01[11:58] {Threei}  you may want 111 Trades course, dolores... will make setup structures very clear
[11:58] {nemo} yes, you'll have an insight to Vad's mind
[11:58] {nemo} the you'll be put on suicide watch
[11:58] {dolores} ok
[11:58] {Beau} vad, keeping stp at 60?
01[11:59] {Threei}  yes
01[11:59] {Threei}  room members have 30% discount
01[11:59] {Threei}  please use coupon (edited out) when fill the form
[12:00] {dolores} copied the cupon
[12:00] {nemo} PXD might be bounce here
[12:00] {thomcbell} i highly recommend it Dolores]\
[12:00] {dolores} thanks
01[12:01] {Threei}  btw guys, while I emember
01[12:01] {Threei}  for those who bought it, the course access is 1 year but it doesn't mesan you lose it after that,
01[12:02] {Threei}  just send an e-mail requesting extension, it's merely a tech limitation, not an intent to charge again if you want to look at it afterf 1 year expiration date :)
[12:09] {dino} deck stopped while away -.26
[12:10] {dino} bid to b/e
[12:12] {scottie} lng s .60 ?
01[12:14] {Threei}  yup
[12:16] {scottie} in .59
[12:19] {dolores} what is this POT fighting for
[12:19] {dolores} ?
01[12:20] {Threei}  just not enough drive to finish it quickly
01[12:20] {Threei}  happens during lunch time
[12:21] {dolores} we need the market to make a stronger move down
[12:22] {Beau} it ought to die from old age, or I will
[12:22] {Will49} bladder at high level
01[12:22] {Threei}  hehe
[12:22] {Will49} may have to set a hard stop
[12:23] {Will49} at risk of Vad's rath
[12:23] {Will49} wrath
[12:24] {Beau} ever wonder why there are fruit jars in small plane cockpits
[12:24] {Will49} :D
[12:30] {dino} elli sm l .08
[12:30] {Will49} aaaawwwwww.....that feels better:P
[12:31] {Will49} not POT....me
[12:43] {dino} crr sm l .01
[12:54] {Will49} Has last 1/2 hr changed your DBI idea on POT?
01[12:55] {Threei}  market currently works against it
01[12:56] {Threei}  it reverses, POT is back on ad valid short
01[12:56] {Threei}  it doesn't, POT will likley be stopped
[12:56] {Will49} tks Vad
01[13:04] {Threei}  discovery: real etate on big island of hawaii is noticeably cheaper than on our island
[13:04] {Will49} no kidding?
01[13:04] {Threei}  climate is better too (duh)
[13:05] {Will49} BC real estate prices starting to come down now
[13:06] {Will49} as you know Vad and DP
[13:06] {nemo} whoa
[13:06] {Will49} come on come on
[13:07] {Will49} die
[13:07] {Will49} everybody got back from lunch at once
01[13:12] {Threei}  no news
01[13:14] {Threei}  37% Say A Child Born in the U.S. to an #Immigrant Should be a Citizen
01[13:14] {Threei}  why not if it's a legal immigrant
[13:15] {dino} elli to .40
[13:15] {dino} out +.32
01[13:16] {Threei}  wtg
[13:17] {dino} ty
[13:21] {RonS} lulu might be a short today...if it bases between .10 and .20
[13:22] {RonS} gap to fill and a decent amount of vol trapped from higher...
01[13:23] {Threei}  US) Fed's Dudley: Understands that Fed policy burdens savers, but economic recovery will help savers the most - Q&A- The Fed is not encouraging excessive borrowing, trying to promote a quicker economic recovery and to do so the Fed cannot be passive - Watching for potential bubbles caused by Fed policy. - Highlights that AIG sales made a nice profit for taxpayers. - Reiterates that the Fed is not out of ammunition and can do more if necessary
[13:23] {RonS} you guys must have sent him a BC flag...
[13:24] {Will49} an book of matches
01[13:24] {Threei}  I suspect whole Fed except Fisher and lacker had their fair share of BC flags
01[13:25] {Threei}  heck, they had our share too
[13:25] {Will49} lol
01[13:25] {Threei}  ah, who could see this coming:
01[13:25] {Threei}  Europe Banks Fail to Cut as Draghi Loans Defer Deleverage
01[13:25] {Threei}  European banks pledged last year to cut more than $1.2 trillion of assets to help them weather the sovereign-debt crisis. Since then they�ve grown only fatter.
[13:26] {Will49} Vad..should stop on POT still be above .60?
01[13:26] {Threei}  Lenders in the euro area increased assets by 7 percent to 34.4 trillion euros ($45 trillion) in the year ended July 31, according to data compiled by the European Central Bank. BNP Paribas SA (BNP), Banco Santander (SAN) SA, and UniCredit (UCG) SpA, the biggest banks in France, Spain and Italy, all expanded their balance sheets in the 12 months through the end of June.
01[13:26] {Threei}  I don't see any new pronounced resistance level to use fior stop trailing
[13:27] {Will49} only I have pronounced resistance:)
[13:27] {Will49} tks
01[13:27] {Threei}  The ECB president�s decision nine months ago to provide more than 1 trillion euros of three-year loans to banks eased the pressure to sell assets at depressed prices. The infusion, designed to encourage firms to lend, succeeded in averting a short-term credit crunch by reducing their reliance on markets for funding. It also may be making European lenders dependent on more central-bank aid.
01[13:27] {Threei}  �Deleveraging isn�t taking place, especially in Spain and Italy,� said Simon Maughan, a bank analyst at Olivetree Securities Ltd. in London. �The fact that we haven�t got on with it, or very slowly, suggests that when the time comes we�ll need another ECB injection to roll over the first one, just to keep the balance sheets of Italian banks in business.�
01[13:27] {Threei}  heh
01[13:28] {Threei}  frikin imbeciles
01[13:28] {Threei}  get out of the way!
01[13:28] {Threei}  there is just no other way to heal
[13:28] {Will49} no interest in healing...only staying in power
01[13:29] {Threei}  Total loans rose to 18.6 trillion euros as of July 31 from 18.5 trillion euros at the end of 2011. The figure masks a decline in countries worst-hit by the crisis, such as Spain and Greece. Lending in Spain fell 5 percent to 1.6 trillion euros in the year through July 31, according to Spanish central bank data.
01[13:30] {Threei}  digging deeper hole
[13:30] {RonS} LULU Trending on a rumor that Einhorn may have a short on.
01[13:31] {Threei}  OK, let's try old proven approach
06[13:31] * Threei hits POT over the head with 2x4
[13:32] {RonS} qotd:  Einhorn intent to answer the question: what looks better... yoga pants or yoga shorts?
[13:32] {Will49} yes...needs you big stick too
[13:32] {Beau} use 4x4 twice the effect
06[13:32] * Threei puts POT in the log splitter and powers it up
[13:33] {Will49} :)
[13:35] {Will49} hopefully .52 is setting up as new resistance
[13:38] {scottie} Vad, in case pot breaks down, do you have a target?
01[13:39] {Threei}  really deoends on the ,arket... if we get SPY going for the low or even breaking down, can become a 1:3er
[13:40] {scottie} tks
01[13:40] {Threei}  if market stays as is, just a scalp
[13:41] {scottie} lng half out after an hour and a half :)
01[13:41] {Threei}  :)
[13:42] {scottie} certainly learning patience today
[13:42] {Will49} ditto that
01[13:42] {Threei}  quiet day
01[13:43] {Threei}  but have you noticed how our percentage increased in Sept and how more frequent 1:3ers became vs Aigist?
[13:44] {Will49} Yes, much better
[13:47] {scottie} yes
[13:50] {robbers} Clear difference.
01[13:51] {Threei}  to steal a line from nemo, computers are back from hampton
[13:55] {Will49} rigor mortis setting in here
[13:56] {dino} ssys drop
06[13:57] * Threei contemplates a new course: "Manage Your Coma"
[13:57] {Will49} haha
[13:57] {scottie} :)
[13:57] {Will49} I thought the'd de-listed POT for a minute there
01[13:58] {Threei}  it consolidated here long enough to move stop to .56
[13:58] {Will49} YES.....I LOVE YOU
01[13:59] {Threei}  let's be friends...
[13:59] {Will49} :D
[13:59] {Will49} now look what you've done Vad
[14:00] {Will49} and I had great hopes for our relationship
01[14:00] {Threei}  sorry, didn't realize I led you on {G}
[14:00] {Will49} :O
[14:02] {Will49} you were just playing with me, right?
[14:03] {Will49} trying to show me who's boss
01[14:08] {Threei}  liberty
01[14:09] {Threei}  finally this tiresome trade is over
[14:09] {Will49} amen
01[14:09] {Threei}  what is it, first stop today?
01[14:09] {Threei}  7 cents... I'll take it
01[14:10] {Threei}  after that MOS short nothing can spoil my day
[14:11] {RonS} http://www.youtube.com/watch_popup?feature=player_embedded&v=-Czo5Vf8KZs
[14:11] {dino} ssys sm l .85
01[14:12] {Threei}  - NYSE volume 310M shares, about 11% below its three-month average;
01[14:13] {Threei} Short Setup: IPS  .35 break
01[14:13] {Threei}  UPS
[14:13] {nemo} tlt iwm spy and financials all in spitting distance of their Weekly pivots, this may be distribution
01[14:13] {Threei}  If holds  .45
[14:14] {scottie} IPS?
[14:14] {dino} stop .74
01[14:14] {Threei}  [14:13] {Threei} UPS
01[14:15] {Threei}  blind typing... and fat fingers
[14:16] {goryl} thanks Vad, see u all tomorrow
01[14:16] {Threei}  take care goryl
01[14:17] {Threei}  let's modify UPS setup
01[14:17] {Threei}  .40 break short, aggressive
01[14:18] {Threei}  same stop, above .45
01[14:19] {Threei}  target cl,oser to .20, two partials
01[14:24] {Threei}  first partial here
01[14:24] {Threei}  stop to .41
01[14:24] {Threei}  don't you love aggressive entries
[14:28] {dino} yhoo spike
[14:30] {dino} 7b alilbaba
01[14:31] {Threei} Long Setup:  TNA  .70 break hl
01[14:31] {Threei}  If holds  .60
01[14:32] {Threei}  target .95
01[14:33] {Threei}  scalpers win UPS
01[14:35] {Threei}  no worky TNA
01[14:36] {Threei}  comatose second half of the day
[14:38] {nemo} vvus
[14:38] {Will49} that a stock or an insult?
[14:38] {RonS} heh, hershey doubled the size of its PA plant...guess how many Kisses they can make/day...
[14:39] {RonS} spent $300 mil on it
[14:39] {nemo} Will...if I'm insulting you, believe me, you won't have to guess
[14:39] {RonS} must be the reason for the VVUS spike
[14:40] {Will49} looks like WUS on my screen
[14:40] {nemo} get ur prescription checked
[14:40] {dino} ssys sm l .25
[14:40] {RonS} 70 mil kisses/day
[14:41] {dino} stopped again, things broken
[14:47] {dolores} any news?
[14:47] {dino} rinsed again
[14:48] {dolores} not sure about this: BOJ bank of japan considering easing
01[14:48] {Threei}  TNA rinsed
[14:48] {dino} out crr ,46, +.45
[14:49] {dino} wow, finally in the black for today, 4 rinses
01[14:51] {Threei}  wtg
01[14:56] {Threei}  full video of Romney remarks is released
01[14:57] {Threei}  I start thinking it's a storm in teacup. Will be forgotten in a week
[14:59] {dino} really not that bad when you listen to it, just his stratedgy, forget about wowing the 47%
[15:01] {dolores} he is not saying anything interesting
[15:02] {dolores} people are more interested in eating In the video!!
01[15:03] {Threei}  hell, they paid 50K for a plate!
[15:03] {Will49} lol
[15:03] {RonS} lol
01[15:03] {Threei}  can you blame threm for wishing to eat every cramb?
[15:03] {dolores} JA JA they are eating like if they are starving
01[15:05] {Threei}  grr TNA
01[15:06] {Threei}  if I paid 50K a plate, I'd eat food on a plate, plate, fork, napkin, cook and waiter
[15:07] {Will49} :)
[15:12] {scottie} OK guys, see you tomorrow
[15:12] {scottie} thanks Vad
01[15:12] {Threei}  take care scottie
[15:12] {Will49} see ya scottie
[15:12] {scottie} will
[15:14] {dino} cya
01[15:22] {Threei}  still no readable activity
01[15:22] {Threei}  first half of the day was it
01[15:31] {Threei}  BREAKING: Tornado warning for Washington, DC.
01[15:31] {Threei}  hmmm
[15:32] {Will49} Romney will do anything to get attention:)
01[15:32] {Threei}  lol
[15:32] {dino} gotta hop, gn all
01[15:32] {Threei}  you too dino
[15:33] {Will49} TTFN Dino
01[15:33] {Threei}  (US) Fed's Bullard (hawkish, non voter): Would have voted against QE3 (if he was an FOMC voter), economic data did not support the QE3 decision- The global economic slowdown is certainly a concern, could impact the US economy more. - Fed should have taken more of a wait-and-see approach to more easing. - It would be dangerous to link the lifespan of QE3 to only the unemployment rate, which has been very fickle. - Would have liked to see the ECB being aggressive in easing policy.
01[15:35] {Threei}  what the deuce
01[15:35] {Threei}  spikes both ways
01[15:35] {Threei}  no news
[15:36] {nemo} we spiked to WPP on IWM and dropped
01[15:44] {Threei}  weird end of day
[15:44] {Will49} must be the tornado warnings
01[15:44] {Threei}  let's get back to it tomorrow, another profitable day for us, why push
[15:45] {Will49} adjourned
[15:45] {Will49} me anyway
01[15:47] {Threei}  thank you all, have a great evening
01[15:47] {Threei}  see you tomorrow
[15:48] {dolores} thxs VAD
[15:49] {dolores} bye guys see you tomorrow

Monday, September 17, 2012

Nemo's Stream of (unconsciousness) blog, 09/17/2012

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

09/17/2012:  Had insomnia...timing couldn't have been better.  What a snoozer for the most part.  Reminded me of a Neil Young line when he was introducing a song on the CSNY 4-Way Street live album (a two record vinyl set....I'm old.)

"It sorta starts off real slow and then fizzles out altogether


Market kinda leaked downward for the day with financials finding the WPP, and then the market making a run north from there to make a VWAP run into the close.  Notice that SPY and FAS bottomed at tracked levels together, not IWM.  What does that say about risk in the market?  No specific opinion.  One day does not a trend make in OP EX week...canary in the coal mine...maybe?  For all intents and purposes the action of the last couple of days looks like a big ol' bull flag.

Headline risk now looks to have shifted from the Euro-orgy, to the Islamic Inferno and the Sino-Nippon conflict-that one could make for a real mess.



 

Sep 17 2012

Catch of the day, short at upper envelop of the descending trendline, aggressive entry just prior to major breakdown. Chart speaks for itself.


Caught nice bounce on USO after this drop too, but you'll have to look for it in the log after market close.

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



Session Time: Mon Sep 17 00:00:00 2012
01[08:55] {Threei}  *(US) SEPT EMPIRE MANUFACTURING:-10.4 V -2.00E
[08:55] {goryl} gm
01[08:56] {Threei}  goryl :)
[09:09] {jackharry} good morning
01[09:09] {Threei}  jack :)
01[09:15] {Threei}  72% Put Freedom of Speech Ahead of Not Offending Other Cultures
[09:16] {ese} gm
01[09:16] {Threei}  ese :)
[09:19] {dino} gm
01[09:20] {Threei}  dino :)
[09:20] {scottie} gm
01[09:20] {Threei}  scottie :)
[09:21] {RonS} gm...don't tell nemo but i thought his writing last week was exceptional
[09:21] {Will49} Hi everyone
01[09:21] {Threei}  ron, will :)
01[09:22] {Threei}  I agree
[09:22] {Beau} good morning all
01[09:22] {Threei}  ever since he changed it from merely listing pivot levels to more general market overview, it became real help
01[09:22] {Threei}  beau :)
01[09:23] {Threei}  and becomes better by week
[09:26] {robbers} Yep.
[09:26] {dolores} hello GM
01[09:27] {Threei}  robbers, dolores :)
01[09:27] {Threei}  hope e-mails made their way to your boxes
01[09:27] {Threei}  we made another tweak this weekend
[09:28] {jackharry} yes, got ok this week
01[09:28] {Threei}  if some still don't go through, I am afrid this is something out of our control
[09:28] {dolores} I eceived e.mail ok
[09:28] {dolores} received
[09:28] {scottie} ok here
[09:28] {Will49} not me
01[09:29] {Threei}  ok... will seems to be last holdout, lol
01[09:30] {Threei} Long Setup:  FCX  .20 break hl
01[09:31] {Threei}  1:1
01[09:32] {Threei} Short Setup: SLW  .30 break
01[09:33] {Threei}  If holds  .35 
01[09:33] {Threei}  half out
01[09:33] {Threei}  .20
[09:33] {dolores} wow nice call too fast for me
01[09:33] {Threei}  stop .31
01[09:33] {Threei}  hah... it gave second chance
01[09:34] {Threei}  went to .32 after the call
[09:34] {dolores} did not see that
[09:34] {scottie} slw +.10 ty Vad
01[09:34] {Threei}  yw
[09:35] {dolores} whats with CLf today? down again
[09:35] {dolores} 6t %
01[09:36] {Threei}  JPM donwgraded
[09:36] {dolores} thxs
01[09:37] {Threei}  (PK) Protestors are said to be attempting to storm US consulate in Lahore, Pakistan
01[09:38] {Threei} Long Setup:  LVS  .25
01[09:38] {Threei}  If holds  .15 
[09:39] {dolores} in LVS
01[09:40] {Threei}  no go
[09:40] {ese} L xom .25 
01[09:41] {Threei} Long Setup:  FCX  .45 break
01[09:41] {Threei}  If holds  .35 
01[09:43] {Threei} Short Setup: SLW  39 break
01[09:43] {Threei} Short Setup: FCX  .35 break
[09:44] {ese} fcx barely hangin in there
01[09:44] {Threei}  half out SLW
01[09:45] {Threei}  FCX 1:1 if you got it
01[09:45] {Threei}  1/4 more out SLW
01[09:45] {Threei}  FCX 1:2
[09:46] {ese} didn't but nice call vad
[09:46] {nemo} fcx chart looks just like iwm
01[09:47] {Threei} Long Setup:  LVS  .75 break hl
01[09:47] {Threei}  If holds  .65 
01[09:47] {Threei}  Invalidated  
[09:47] {ese} nope
[09:48] {dino} 1st gaps, 2831, 1459
[09:48] {dino} , then 2791
[09:50] {dino} sh l .62 stop lod
01[09:51] {Threei}  last piece SLW stop to .76
[09:52] {nemo} lvs again
01[09:52] {Threei}  out 1:4
[09:53] {dino} jazz spike
[09:57] {dino} tighten sh to .59, things stuck
[09:57] {ese} L xom avg .26
01[09:58] {Threei} Long Setup:  GLD  .70 break
01[09:58] {Threei}  If holds  .60 
01[10:03] {Threei}  no worky
[10:04] {RonS} BREAKING: Spanish 10-year yield rises to 6% as bonds slide for third day.
01[10:04] {Threei}  what the deuce.... hasn't world been saved last week?
[10:05] {nemo} wow...flat market
01[10:09] {Threei} Long Setup:  LVS  .30 break
01[10:09] {Threei}  If holds  .20 
01[10:09] {Threei}  what was that on GLD
01[10:10] {Threei}  change LVS to .20 break
01[10:12] {Threei}  half out if got it
01[10:12] {Threei}  was a bit abrupt
[10:15] {RonS} caught +.16 lvs  thanks 3i
01[10:16] {Threei}  wtg
01[10:16] {Threei}  wasn't easiest execution wise
01[10:21] {Threei} Long Setup:  LVS  .25 break
01[10:21] {Threei}  If holds  .20 
01[10:23] {Threei}  target .45 - .50
01[10:25] {Threei}  half out
[10:27] {dino} sphb l .99
[10:28] {ese} xom............do it!
[10:28] {scottie} +.18 thanks Vad
01[10:28] {Threei}  target hit, out
[10:28] {ese} almost stopped out there by a couple of cents
01[10:28] {Threei}  this one was very available, no excuses
[10:29] {dolores} 15 cents thxs
01[10:29] {Threei}  :)
[10:30] {Will49} tks Vad 1:2
01[10:31] {Threei}  welcome guys
[10:32] {robbers} Nice trade.
01[10:41] {Threei}  US) Fed's Lacker (hawk, lone FOMC dissenting voter): QE3 will have lesser impact on job creation and a greater impact on inflation; the economy is largely beyond the influence of more Fed easing- Larger Fed balance sheet makes the policy exit riskier.
01[10:43] {Threei}  Swing State Daily Tracking: #Romney 47%, #Obama 45%
01[10:48] {Threei}  JAZZ Hearing strength attributed to positive markman ruling in case over Xyrem patents
01[10:51] {Threei}  market is interestingly nervous
01[10:51] {Threei}  jwrky action
[10:53] {dino} dji stick in 10 pt eange
01[10:54] {Threei}  considering that Fed has removed itself from any kind of new action for the foreseeavle future, it doesn't bode well for bulls
01[10:54] {Threei}  focus is back on Europe
01[10:55] {Threei}  and it looks as fractured as before ECB grandstanding
01[10:55] {Threei}  if not more
[10:55] {dino} well rates tell the tale
01[10:55] {Threei}  right
[10:56] {nemo} bonds sneakily strong
[10:59] {nemo} nke
[10:59] {nemo} things ar sooooooooo sloooooooowwwwww
[11:00] {Will49} is market just going to wait for more EU news?
[11:01] {nemo} No...it's a Jewish Holiday and Options Expiration week after a very strong run
[11:01] {Will49} I see
[11:01] {nemo} The likely news to move the market now is out of the Middle East
[11:01] {nemo} imo
[11:01] {Will49} tks
[11:02] {ese} gotta go  ...up .15 tom....stop loss in cya tomorrow
[11:02] {ese} xom
01[11:05] {Threei}  take care ese
[11:10] {nemo} bonds still climbing as the market does nothing
[11:11] {dino} vmc sm l .51
[11:13] {nemo} don't give it much room  44.71 support
[11:15] {dino} thk
[11:15] {RonS} ?
01[11:15] {Threei} Short Setup: CAT  .40 break hl
[11:16] {dino} stop -.24
01[11:16] {Threei}  1:1
[11:19] {dino} skul sm l .20
[11:24] {dino} this has to be the slowest day in sept
[11:25] {dolores} CAT short again?break .40?
[11:25] {RonS} typical for this holiday...
01[11:26] {Threei}  I doubt it dolores
[11:26] {dolores} ok
[11:28] {dino} vmc rinsed
[11:32] {nemo} mcp steady climb
[11:32] {nemo} clf
[11:33] {dino} arii drop
01[11:39] {Threei} Long Setup:  MOS  .80 break
01[11:42] {Threei}  change to .70 break
01[11:42] {Threei}  If holds  .60 
01[11:42] {Threei}  target .95
01[11:46] {Threei}  1:1
[11:47] {dolores} .16 thanks
[11:47] {scottie} +.19 thanks Vad
01[11:47] {Threei}  :)
[11:50] {Will49} .18 tks Vad
01[11:50] {Threei}  target hit, out
01[12:16] {Threei}  a few too soon, eh
[12:21] {Will49} better a little soon than a little late for me :)
[12:22] {Will49} at this stage
[12:22] {Will49} better for my state of mind
[12:24] {scottie} I'M with you on that one Will
[12:25] {Will49} Yeah Scottie, I'm surprised at myself....getting bummed out if my P/L starts to slip
[12:26] {Will49} never would have guessed
[12:26] {scottie} lol
[12:26] {Will49} don't know whether that's good or bad
[12:27] {Will49} maybe it' my Scottish heritage:D
[12:27] {scottie} I guess we can't all be Mr Spock
[12:27] {Will49} true dat
01[12:28] {Threei}  hide P/L column
01[12:28] {Threei}  so you don't look at it while in trade
[12:28] {Will49} now..that's a great idea
01[12:28] {Threei}  trade management decision must be derived from stock action
01[12:30] {Threei} Long Setup:  POT  43 break
01[12:49] {Threei}  Invalidated  
01[12:49] {Threei}  (obviously)
[12:50] {scottie} gpor 33 long ?
01[12:51] {Threei}  not sure...
[12:51] {scottie} ok thanks
01[12:52] {Threei}  (GR) Greece Govt Official: Talks with the Troika will continue each day until conclusions are reached- Reminder: earlier today Greece Fin Min Stournaras comments that so far agreed with EU/IMF/ECB Troika on �7.5B out of �13.5B of new measures
01[12:53] {Threei}  I have this feeling that 10 years later, when there is no EU, when AAPL makes iPhone 89 and MSFT - Win 243, we still are going to see Greece debt discussions
[12:54] {RonS} lol
01[12:54] {Threei}  troika will just enjoy permanent vacation
[12:55] {Will49} jawboning and BS ad infinitum
01[12:55] {Threei}  and will pretend they don't even notice there is issue to resolve
[12:55] {Will49} sad isn't it?
01[12:55] {Threei}  not for troika members
01[12:56] {Threei}  I mean Greece is very nice in all seasons
[12:56] {Will49} Karma still in force, just may take a while
01[12:58] {Threei}  (EU) ECB's Nowotny: Surprised by recent comments by Slovenia; not expecting Slovenia to require an aid program
01[12:59] {Threei}  what did Slovenia say?
01[13:01] {Threei}  Slovenia PM commented that austerity measures needed through 2014 period; Govt spending needed to boost banking sector and on 9/3 Slovenia Fin Min: Bank debt consolidation is on the agenda, ending credit crunch is key. Planning a trip to the US for US bond offering.
[13:04] {RonS} he better bring a map...
01[13:04] {Threei}  rofl
[13:04] {RonS} slo who...slo what?
01[13:04] {Threei}  I imagine this...
01[13:05] {Threei}  sovenia? where is it?
01[13:05] {Threei}  sLovenie
01[13:05] {Threei}  whatever... where is it?
01[13:05] {Threei}  here, see, I circled it on the map
[13:05] {RonS} rotflol
01[13:05] {Threei}  wait... it doesn't look familiar... where is Mexico?
01[13:05] {Threei}  Mexico?? It's Europe!!
01[13:06] {Threei}  Ummm... OK... so, where is Mexico?
01[13:06] {Threei}  what do you mean different continent? there are more continents??
[13:06] {RonS} ur killing me...tears here
[13:06] {Will49} good one Vad
01[13:07] {Threei}  well, I still remember the salesman from NY store who, when I asked how much the delivery to Canada would cost, told me "sorry, no shipping overseas"
[13:07] {Will49} lol
[13:24] {nemo} set alerts for iwm .75, might get to .72
[13:27] {dino} yoku drop
[13:31] {scottie} cie s. .90 ?
01[13:32] {Threei}  Gross: Central banks are where bad bonds go to die
01[13:32] {Threei}  hard to tell
[13:33] {scottie} ok
01[13:33] {Threei}  trades by apppintment
[13:40] {nemo} intu
[13:41] {nemo} lyb
01[13:42] {Threei} Short Setup: GLD  .30 break hl
01[13:42] {Threei}  If holds  .40 
[13:42] {nemo} nav
[13:44] {nemo} HCA
01[13:47] {Threei}  changing to aggressive
01[13:47] {Threei}  .35 break
01[13:47] {Threei}  stop .43
[13:47] {dino} crr sm l .60 trig
01[13:48] {Threei}  half out
01[13:48] {Threei}  aggressive entries, I luv you wholeheartedly
01[13:49] {Threei}  stop to .36
01[13:50] {Threei}  1/4 more out .17
01[13:51] {Threei}  don't tell me no one took it
01[13:51] {Threei}  I'll remove myself to a monastery
01[13:51] {Threei}  very remote one
01[13:51] {Threei}  look at this cascade
[13:52] {scottie} Was watching something else, didn't see your call :(
[13:52] {nemo} carful around here iwm
[13:52] {jackharry} out at .18, thanks
01[13:52] {Threei}  monastery... Tibet... here I come
[13:52] {Will49} just glanced away for a second...then too late
01[13:52] {Threei}  awww... jack... no monastery
01[13:52] {Threei}  out in full .03
01[13:53] {Threei}  +.33
01[13:53] {Threei}  .31
[13:53] {Will49} tears
[13:53] {dino} gj
[13:53] {jackharry} sorry, i'll make sure i miss the next one
01[13:53] {Threei}  lol
01[13:53] {Threei}  and it was all-female one...
01[13:54] {Threei}  wow, what a drop
01[13:59] {Threei}  http://goo.gl/xMsz8
[14:06] {dolores} ok guys have to go, see you tomorrow
[14:06] {dolores} thxs VAD
01[14:06] {Threei}  take care dolores, hope you did well today
01[14:06] {Threei}  decent day
01[14:06] {Threei}  no wonder, looking at the SPY
01[14:07] {Threei}  even though we adjusted tio the climb of late, we still do better in downward market
01[14:08] {Threei}  $4 drop in crude futures being attributed to fat finger trade ahead of expiry- Crude fell from $98.70 to $94.83 in a matter of five minutes, which also impacted gold futures and the USD. - Note Oct WTI futures expire on 9/20. - Other comments in the rumor mill are raising concerns about a "crude flash crash" and also reiterating the rumors of an SPR release that have been going around for the last month.
01[14:08] {Threei}  huh
01[14:08] {Threei}  flash crash in our favor?
01[14:12] {Threei}  wow
01[14:16] {Threei} Long Setup:  USO  .55 break hl
01[14:16] {Threei}  If holds  .45 
01[14:17] {Threei}  target 1:3
01[14:18] {Threei}  1:1
01[14:20] {Threei}  1:2
01[14:22] {Threei}  am I alone here?
[14:22] {dino} out uso +.19 ty vad
01[14:22] {Threei}  :)
[14:22] {Will49} .14 tks Vad
[14:22] {jackharry} no, sorry i managed to get this one too, i'll try harder next time
01[14:22] {Threei}  welcome guys
[14:23] {Will49} come on Jack...get with the program
01[14:23] {Threei}  oh, tnhat's OK jack, monastery idea is dead for the day...
01[14:23] {Threei}  maybe tomorrow
01[14:23] {Threei}  they'll have more time to get broadband internet in that cave
[14:24] {scottie} great +.20 thanks Vad
01[14:24] {Threei}  :)
[14:25] {Will49} was that first trade we've seen where Dino went to school on Vad?
[14:25] {dino} ;)
[14:27] {Will49} lookit er go, eh?
[14:27] {Will49} that's Canadian lingo
[14:43] {nemo} 146.25 in the cards if we don't bounce here
[14:48] {RonS} Rumor that an Algo detected chatter about a spr  release
[14:48] {nemo} NKE interesting spot
[14:49] {nemo} It's defecate or get off the commode time
01[14:50] {Threei}  commode? hmmm
01[14:50] {Threei}  note to myself: whatever you fo, never ever share furnished room with nemo
[14:51] {nemo} huh?
[14:51] {dino} i guess in obamination terms, election is as stetegic as you get for oil release
01[14:51] {Threei}  lol
[14:54] {robbers} Strategic pandering.
[14:55] {dino} lol, guess i butchered the spelling on that
[14:56] {nemo} yeah...you suck
[14:56] {dino} today, yeah
[14:56] {RonS} ...was figuring you were speaking ebonics...
[14:56] {Will49} you got obamination correct
[14:56] {dino} lol
[14:57] {dino} heard a funny one the other day, Obummer
[14:57] {Will49} picturesque
[14:58] {nemo} nke two wa here
[14:59] {Will49} had an eskimo girlfriend once named nke two wa
[14:59] {nemo} not going there
[14:59] {dino} lol
[14:59] {Will49} niether was I
[15:00] {RonS} rotflol
01[15:00] {Threei}  lol
[15:00] {robbers} lol.
01[15:02] {Threei}  CME responds to inquiries regarding Crude price; not aware of any technical difficulties that could have resulted in the action - financial press- Follow up; CNBC notes it was hearing that technical levels could have resulted in the sell off - Follow up: NYMEX comments that it is unaware of any technical difficulties that could account for move - Follow up: White House spokesperson Carney noted there has been no change to oil reserves
01[15:03] {Threei}  What, it wasn't HFT fault? Hard to believe... it just has to be
[15:24] {thomcbell} hi everyone - been taking a few days working on an outside project 
01[15:25] {Threei}  hi tbell
01[15:25] {Threei}  missed great day
[15:26] {thomcbell} i bet - i see some nice setups in our favs 
[15:26] {Will49} is there anything outside of trading?
[15:27] {thomcbell} im a co-producer on a small independent film - we just finished day 3 of 10 
[15:27] {Will49} wow...we know a celebrity
[15:28] {thomcbell} not yet - :) n
[15:28] {robbers} comedy, drama, doc?
[15:30] {thomcbell} drama - thriller - think Rosemary Baby with Alien impregnation instead of Devil
[15:30] {dino} sounds familiar
[15:30] {Will49} right down your aley Vad
[15:30] {Will49} alley
[15:31] {nemo} spy coming into WPP
[15:31] {robbers} Cool, Thom, good luck.
[15:33] {dino} gl tbell
[15:35] {thomcbell} thanks all
[15:43] {Will49} as Yogi Berra once said, "it's getting late real early today"
[15:45] {nemo} vwap run
01[15:50] {Threei}  OK guys, thank you all
01[15:50] {Threei}  have a great evening, see you tomorrow
[15:50] {Will49} good day, Vad
[15:51] {scottie} good night see you tomorrow