Dec 5 2012

Another fine day with solid profit, not much happening broad picture wise.

Session Time: Wed Dec 05 00:00:00 2012

[09:06] {dino} gm

01[09:06] {Threei}  FCX

01[09:06] {Threei}  acquired MMR for 20B

[09:07] {dino} mmr oil?

01[09:07] {Threei}  yeah

01[09:07] {Threei}  FCX returns to its roots

01[09:08] {Threei}  started out as energy

[09:08] {thomcbell} yes and PXP

[09:09] {thomcbell} huge acquisition for FCX

[09:09] {thomcbell} size wise 

[09:09] {cipher} gm

01[09:09] {Threei}  cipher :)

01[09:10] {Threei}  rofl, phrase right from nemo's skull:

01[09:10] {Threei}  My idea of "help from above" is a sniper from the roof

[09:10] {ese} morning..........

[09:10] {ese} fcx

01[09:10] {Threei}  ese :)

[09:11] {nemo} channeling me, are you?

01[09:13] {Threei}  here is who does, nemo: http://goo.gl/S6wd2

01[09:18] {Threei}  come on, don't tell me you didn't feel like you could have written this

[09:19] {nemo} yeah...saw that 25 years ago

01[09:20] {Threei}  cranky this morning, aren't we

[09:20] {nemo} not at all, just stating a fact

01[09:21] {Threei}  you should've added "saw that on Facebook 25 years ago"

[09:21] {nemo} ?

[09:21] {Will49} gm

[09:21] {nemo} put the bottle down Vad!

01[09:21] {Threei}  will :)

01[09:22] {Threei}  sigh... never mind

01[09:22] {Threei}  my sense of humor is not from not for this planet

01[09:22] {Threei}  fortunately, I don't give a flying sternutation

[09:23] {Will49} FCX?

01[09:24] {Threei}  bought MMR

[09:24] {Will49} not suggesting a trade, just curious

[09:24] {Will49} ahhhh

01[09:24] {Threei}  will be at some point, just not at the open

[09:26] {Beau} good morning

[09:26] {robbers} Ese, I sent you a PM via DCC....

01[09:26] {Threei}  beau :)

01[09:31] {Threei} Short Setup: FB  .75 break

01[09:31] {Threei}  If holds  .85 

01[09:32] {Threei}  no worky

[09:32] {ese} hey robbers......were do i find the dcc...its not showing up on the top of my screen

[09:32] {robbers} in the window to the left.

01[09:33] {Threei}  rinse

01[09:33] {Threei}  grrr

[09:34] {cipher} SCSS L .75

[09:34] {ese} L fcx .48 sm

01[09:35] {Threei} Long Setup:  GDX  .20 break

01[09:35] {Threei}  If holds  .10 

01[09:35] {Threei}  target 1:2

01[09:36] {Threei}  1:1

01[09:36] {Threei}  1:2, out

[09:37] {cipher} out scss flat

[09:37] {Will49} tks Vad +.16

01[09:37] {Threei}  :)

[09:38] {cipher} scss l .30

[09:39] {patel} thanks Vad on GDX :)

01[09:39] {Threei}  yw

[09:39] {patel} FB is making me want to puke....

[09:40] {thomcbell} FB at pivot 

01[09:40] {Threei}  scare blue, ese got profitable one on FCX despite late entry

01[09:40] {Threei}  FB, I just hate this kind of things

[09:40] {nemo} should get to 33ish

01[09:40] {Threei}  got it right, got rinsed by couple cents

[09:40] {patel} i know

01[09:41] {Threei}  aside of profit/loss considerations, this kind makes you question your discipline

01[09:41] {Threei}  next time you get tempted to blow your stop

01[09:41] {Threei}  and it works

01[09:41] {Threei}  and you start blowing them every time

[09:41] {patel} i agree

01[09:41] {Threei}  and then that one comes and destroys your account

[09:42] {cipher} out scss -.12

01[09:42] {Threei}  so... discipline tramps conviction

01[09:42] {Threei}  trumps?

[09:44] {ese} wasn't a late entry..........got filled .25 higher than when i tried to get in.......stock is swampted

01[09:44] {Threei} Short Setup: SLW  .80 break

01[09:44] {Threei}  wow... are you using market orderd???

[09:44] {ese} i'm up .40 now..........dino would be proud

[09:45] {ese} was up .40

[09:45] {dino} i am

01[09:45] {Threei}  (US) Senate Majority Leader Reid (D-NV): It is hard to conduct rational negotiations with many Republican members

01[09:45] {Threei}  I am sure

[09:46] {thomcbell} short setup lvs 45.91 break if holding 46

[09:46] {ese} stop .00

01[09:47] {Threei}  seriously ese... market order on a hot stock at the open is a form of financial suicide

[09:47] {thomcbell} target is 45.50 for me 

[09:47] {ese} stopped .99

[09:47] {dino} but ese i never use market orders

[09:47] {thomcbell} small position 

[09:47] {ese} +.51

[09:47] {dino} gj

01[09:47] {Threei}  wtg but I am concerned

[09:47] {ese} ya 400shs

[09:47] {patel} target on SLW

01[09:48] {Threei}  not sure

01[09:48] {Threei}  let's trail stop to .86 for now

[09:48] {thomcbell} wow aapl is a mess again

[09:48] {thomcbell} lvs 1:1

01[09:48] {Threei}  it feels like possible plunger to me...

01[09:49] {Threei}  let's try for 1:3

01[09:49] {Threei}  good one on LVS tbell

[09:49] {ese} it wasn't that much of a gamble.......with that news this thing was always goin up

01[09:49] {Threei}  1:1

01[09:49] {Threei}  ese, trade iotself, maybe - but market order?

01[09:50] {Threei}  25 cents slippage

01[09:50] {Threei}  yikes

[09:50] {dino} well, risk is our business

[09:50] {robbers} out slw, thanks.

01[09:50] {Threei}  1:2

01[09:51] {Threei}  yw

[09:51] {ese} ya true.......am not disagreeing with you........on some other news or stock.......would be no where near it

[09:51] {ese} was prepared to exit quick.........had the stop in imediately

[09:52] {Will49} slw 1:2 out tks Vad

01[09:52] {Threei}  well, question is, how much were you prepared to chase from your intended entry?

01[09:52] {Threei}  yw will

01[09:52] {Threei}  was it really 25 cents?

[09:53] {dino} 07 red

[09:53] {thomcbell} lvs 1:2

01[09:53] {Threei}  if less, why not limit order at the price to which you are willing to chase?

[09:53] {ese} hmmmmmmm ya good thought

01[09:53] {Threei}  SLW 1:3, out

01[09:53] {Threei}  say, your l,imit of tolerance is 10 cvents of chasing,

01[09:53] {Threei}  stock trades at .25,

[09:54] {patel} thanks vad :)

01[09:54] {Threei}  you hit it with limit buy order .35

01[09:54] {Threei}  yw

01[09:54] {Threei}  it will swipe best available prices all the way from .25 to .35

01[09:54] {Threei}  but it won't chase higher

[09:54] {patel} I been away from trading for little over 3 years now. I visited your website once a week for the past 3 years. 

01[09:55] {Threei}  with market order at the open you are asking for a fill at the top of the spike

[09:55] {patel} Finally, I wanted to try trading and work a full time job. 

[09:55] {robbers} Welcome back!

01[09:55] {Threei}  cool beans patel, so far it works :)

[09:56] {dino} gl patel

[09:56] {patel} thanks

[09:56] {Will49} yes good luck

[09:56] {thomcbell} lvs 1:3

[09:56] {patel} I been in the chat before. 

[09:56] {patel} back in 2009

[09:56] {dino} the jungle is enticing

01[09:56] {Threei}  I knew the nick was familiar

01[09:57] {Threei}  my memory doesn't really go much more than 20 min back though

[09:57] {patel} haha

[09:57] {patel} yeah i was shocked

[09:57] {patel} when u gave me the same nickname and password. 

01[09:57] {Threei}  not me

[09:57] {Will49} that's cause you're a human bean Vad

01[09:57] {Threei}  system

01[09:57] {Threei}  lol will

01[09:57] {Threei}  if you in database, it does it automatically

01[09:58] {Threei}  big brother wathcing... rememering you... tracking you down... and salp;ping you with the same nick

[09:58] {thomcbell} flat lvs 45.55

01[09:58] {Threei}  beaituful trade tbell

01[09:59] {Threei}  hit your target exactly

[09:59] {thomcbell} tu - 2x

[09:59] {thomcbell} for teaching #1

01[09:59] {Threei}  09:47] {thomcbell} target is 45.50 for me

[10:00] {dino} mfrm hl l .65

[10:00] {nemo} numbers?

01[10:00] {Threei}  good

01[10:00] {Threei}  both

01[10:00] {Threei}  *(US) OCT FACTORY ORDERS: 0.8% V 0.0%E

01[10:00] {Threei}  *(US) NOV ISM NON-MANUFACTURING COMPOSITE: 54.7 V 53.5E

01[10:04] {Threei}  wow... selling into good numbers

01[10:04] {Threei} Short Setup: FB  .50 break hl

[10:04] {ese} gotta go all........it's my Christmas Fina Arts Night concert tonight.......will and vad starts at 7:pm at Vic High.......robbers still couln't find find that dcc....don't have a colmn on the left with  Mibbit.com

01[10:05] {Threei}  If holds  .60 

01[10:05] {Threei}  take care ese

01[10:07] {Threei}  1:1

[10:13] {dino} mfrm to b/e

[10:14] {dino} stopped

[10:16] {thomcbell} FCX feels like 33 break if holding 33.14 1/2 lot 

01[10:18] {Threei}  (US) House Speaker Boehner: We made a good-faith offer to President Obama, now we need a reply from the White House

[10:18] {dino} hov .01 trig l

[10:19] {thomcbell} 1:1 fcx 

01[10:19] {Threei}  nice

[10:22] {thomcbell} stop to 32.91 on fcx 

[10:22] {thomcbell} due to vol

[10:24] {thomcbell} darn fcx

[10:27] {dino} bidu sm l .01 stop lod

01[10:30] {Threei}  - Reiterates that raising revenue via closing tax loopholes is acceptible, raising taxes is not. - House Majority Leader Cantor (R-VA): The House Republicans have not sat down and spoken with the President about specifics

[10:31] {dino} bidu stop -.36

[10:33] {dino} rinsed

[10:41] {dino} ndx blood

[10:47] {dino} gco hl l .2999

01[10:53] {Threei} Long Setup:  FCX  .90 break

01[10:53] {Threei}  If holds  .80 

01[10:55] {Threei} Short Setup: SLW  .10 break

01[10:55] {Threei}  If holds  .20 

01[10:56] {Threei}  let's trail FCX to .84

01[10:56] {Threei}  target 1:3

01[10:58] {Threei}  no go SLW

[10:59] {thomcbell} was there some sort of data point on aapl?  this is unreal

01[10:59] {Threei}  not that I know of

01[11:00] {Threei}  1:1 FCX

01[11:00] {Threei}  wow

01[11:00] {Threei}  (US) Pentagon discloses that it has been informed by the budget office to start planning for the automatic sequester cuts - financial press- Pentagon highlights that had not been told to plan for cuts earlier

01[11:00] {Threei}  unlesds it's a bullying trick, they really prepare for the cliff possibility

[11:03] {patel} so once you get your 1:1 on half

[11:03] {patel} do u set the stop to b/e

01[11:04] {Threei}  just under

01[11:04] {Threei}  .89

[11:04] {patel} okay

01[11:04] {Threei}  http://www.realitytrader.com/tradingroom/#instructions

[11:05] {patel} thats what I thought just wanted to make sure. 

[11:05] {patel} thanks

[11:20] {dino} dds drop

01[11:24] {Threei}  (US) President Obama: Housing is coming back and US consumer confidence is high - address to business roundtable- Economy worldwide remains soft; Europe likely to be weak for some time - "Rooting" for US businesses to succeed - White House Budget proposal reflected a balanced and responsible approach; prepared to make difficult spending decisions, but we "can't cut our way to prosperity." - "we can probably resolve this in about a week, its not that complicated." The hold up right now is that Speaker Boehner has taken a stance against tax rate increases for the wealthy. Closing loopholes is just not enough. - It is bad strategy to put off addressing the debt ceiling until next year; I will 'not play that game' if Congress wants to push the country closer to default by negotiating with the debt ceiling. }- There is time to deal with tax reform next year.

01[11:25] {Threei}  we "can't cut our way to prosperity." {--- but we can spend our way to prosperity?

01[11:25] {Threei}  sigh

[11:51] {dino} scss hl l .99

[12:01] {thomcbell} any clue what that was all about?

01[12:02] {Threei}  ?

[12:02] {thomcbell} this last push higher

[12:02] {dino} ?

[12:03] {thomcbell} disregard

[12:03] {thomcbell} pretty explosive move that continues here

[12:06] {nemo} this is the start of the santa clause rally

[12:08] {dino} its the "we can probably resolve this..."

[12:08] {nemo} spy going for the 50 sma at 142.25ish

01[12:10] {Threei}  exactly dino

01[12:10] {Threei}  next talking head comes out and says "we are nowhere close" and rally evaporates in a blink of eye

[12:10] {dino} god has spoken

[12:16] {dino} uthr hl l .50

[12:19] {dino} wdc spike

[12:21] {dino} scss stop -.07

[12:23] {dino} out uthr .74, +.24

[12:28] {dino} wdc hl s .80 stop .01

01[12:28] {Threei} Short Setup: GLD  164 break hl

01[12:28] {Threei}  If holds  .10 

[12:32] {nemo} europe closed flat

[12:33] {nemo} this should be the run to the 50 if it breaks 142 and holds above

[12:36] {dino} cov wdc .50, +.30

[12:36] {Will49} sorry Vad, just stepped away for a few minutes...was GLD invalidated?

01[12:36] {Threei}  yeah

[12:37] {Will49} kind of obvious eh?

[12:37] {nemo} you're not getting spy capitulation volume up here

[12:39] {dino} out gco .02, +.67

[12:41] {thomcbell} GCO molto bene signori

[12:41] {dino} ty

[12:44] {Beau} patience personified, dino

01[12:46] {Threei}  let's keep an eye on GLD again

01[12:46] {Threei}  same idea

01[12:47] {Threei}  after all, VWAP is 163.78 {G}

[12:48] {dino} lol

[12:48] {Will49} zing...

[12:49] {Will49} not a symbol

[12:49] {dino} bazinga

[12:49] {Will49} only a symbol of Vad's humour

[12:49] {Will49} or "humor" for the rest of you

[12:51] {nemo} oh, just checked, 50 was at .05, that, may be the top

01[13:01] {Threei}  so, in theory GLD should give us 1:2 before finding support?

[13:02] {dino} it should search out that vwap

[13:02] {dino} they are like magnets

01[13:02] {Threei}  trying to compare it to my chart read

01[13:02] {Threei}  I'd go for 1:3

01[13:02] {Threei}  VWAP says 1:2

[13:05] {patel} VWAP a symbol

01[13:06] {Threei}  indicator

[13:06] {patel} ok

[13:06] {nemo} it stands for Vad's Warped Attitude and P.,..

01[13:06] {Threei}  hmmm

[13:06] {patel} volime weighted avg pr

01[13:06] {Threei}  and P?

[13:06] {nemo} couldn't come up with anything quick and witty

[13:06] {nemo} gives us something to work on though

01[13:07] {Threei}  no kidding

[13:09] {dino} vads weight adds pounds

01[13:09] {Threei}  that's so... cruel... and untrue... sniff sniff

[13:10] {dino} :)

01[13:10] {Threei}  any more weight loss, I could hide behind 2-years old birch tree

[13:10] {dino} hmmmm

[13:10] {nemo} 2 year old obese birch tree?

01[13:11] {Threei}  ok... behind broom if nemo girlfriend dismounted it

[13:11] {nemo} that would be a compliment...you forget my background

01[13:11] {Threei}  but I wanted to compliment you

01[13:11] {Threei}  how else can I hurt you?

[13:12] {Will49} you're fom the broomstick girls area nemo

[13:12] {Will49} from

[13:12] {Will49} the ones they used to burn

[13:13] {nemo} I'm outta here have a nice day

01[13:15] {Threei}  huh

01[13:15] {Threei}  did we manage to insult him successfully?

[13:15] {Will49} looks like

01[13:16] {Threei}  can't be

[13:16] {Will49} t was the girlfriend thing

01[13:16] {Threei}  no one ever achieved that

[13:16] {Will49} we know his hot button now

[13:17] {dino} orly hl l .17

01[13:21] {Threei}  die already GLD

01[13:22] {Threei}  sheesh

[13:22] {dino} wdchl s .65

[13:22] {patel} looking for 1:2 to 1:3 on GLD right

01[13:22] {Threei}  yes

01[13:33] {Threei}  (US) Republican Congressional Aide: There have been no staff level fiscal cliff discussions between Congress and the White House in the last 24 hours- There are no plans for talks today

[13:35] {dino} jwn drop

[13:35] {dino} hl l .40

[13:35] {dino} orly stop -.15

[13:38] {thomcbell} big move there on rimm

[13:40] {dino} jwn stop -.30

01[13:41] {Threei}  1:1

[13:43] {dino} jwn, another rinse, that makes 3 today

01[13:47] {Threei}  ok, made up my mind, will try for 1:3

[13:47] {cc_8} Honeywell Turbo Tech to Provide for China's Leading SUV, Pickup ManufacturerPosted on: Wednesday, December 5, 2012 - 1:11pmHoneywell's (NYSE: HON) Turbo Technologies will provide its diesel VNT technology to Great Wall Motors, China's leading SUV and pickup manufacturer.

01[13:48] {Threei}  LOL, twitter: Huffington approach to business news: Business is bad. Taxes are good. Elizabeth Warren was sent by God. God does not exist.�

[13:57] {dino} jwn hl l .07

[13:58] {dino} wdc to .41

[14:00] {dino} cover wdc .37, +.27

01[14:03] {Threei}  scalpers win

[14:11] {dino} oeh spike

[14:12] {thomcbell} long setup FB 27.46 break if holding 27.36 

[14:16] {thomcbell} short setup rimm 11.88 break if holding 12 - unsure if a borrow avail

[14:19] {thomcbell} Vad the larger pattern is interesting me on FB - 0.46 wicks and intraday downtrend line about the same level 

01[14:23] {Threei}  you looking at 1 min?

01[14:23] {Threei}  I mesan, where are wicks?

[14:24] {dino} on candles

01[14:24] {Threei}  lol

[14:24] {thomcbell} 10 min on top of 1 min is what i look at on all the suspects

[14:24] {thomcbell} FB 1:1

[14:25] {thomcbell} kind of

01[14:25] {Threei}  yup

[14:25] {thomcbell} rimm invalidated - never triggered

[14:25] {patel} nice job on FB 

[14:26] {thomcbell} tu

[14:29] {thomcbell} vad take a look at Rimm - i think there will be a short trade somewhere in here

[14:30] {dino} its available

01[14:30] {Threei}  12 break...

01[14:30] {Threei}  could be

01[14:30] {Threei}  wait for bounce back

01[14:30] {Threei}  don't chase

[14:30] {dino} out jwn .50, +.43

[14:30] {thomcbell} nice one Dino

[14:31] {dino} thx

[14:35] {thomcbell} ive done nothing here on rimm FYI

01[14:36] {Threei}  well, it can be double top

01[14:36] {Threei}  so, break of 12 is a short setup

01[14:36] {Threei}  if no new high

[14:36] {patel} 6 cents risk

[14:39] {thomcbell} FB stop to 27.53 

[14:46] {thomcbell} FB 1:2

[14:48] {thomcbell} FB stop to 27.63 on balance 

[14:48] {thomcbell} FB 1:3

[14:48] {dino} gj

[14:48] {thomcbell} made another sale

01[14:48] {Threei}  beautiful

[14:49] {Will49} congrats

[14:49] {patel} fabulous :)

[14:49] {thomcbell} 1:4 and out

[14:49] {Will49} wowee

[14:52] {dino} nice

[14:55] {thomcbell} tu

[14:57] {thomcbell} tibx long setup 19.90 break if holding 19.80 

[15:11] {thomcbell} tibx 1:1

[15:12] {Will49} you're on fire today tbell

[15:12] {dino} out tibx .03, +.12 ty tbell

01[15:12] {Threei}  killer plays

[15:12] {patel} good job on TIBX.

[15:13] {patel} I put a buy stop order 

[15:13] {patel} it never filled. 

[15:13] {dino} jwn l .70

[15:13] {patel} 19.91 with a stop price of 19.92

[15:13] {thomcbell} duh 

[15:13] {thomcbell} that stinks 

[15:14] {patel} yeah

[15:14] {patel} anyone use Laser

01[15:14] {Threei}  yes

[15:14] {dino} how dud that not fill?

[15:14] {dino} did

01[15:14] {Threei}  but I prefer manual executions

[15:14] {patel} no idea. 

[15:15] {patel} I just started with Laser

[15:15] {patel} so this was the 1st time I set that type of order up 

[15:15] {patel} normally I do manual executions

[15:16] {dino} odd

[15:17] {patel} does anyone else use buy stop in this room?

[15:17] {dino} i do a lot

[15:17] {dino} ese does too

[15:17] {patel} how many cents above the break do u typically go out. 

[15:18] {dino} .01, usually fills there or cent or 2 higher

[15:18] {dino} thicky like tibx right on it

[15:19] {patel} it jumped pretty quickly from 19.91 to 19.94

[15:19] {Will49} so you use OMS on laser to do that dino?

[15:19] {dino} i'm not laser

[15:19] {Will49} ah

[15:20] {patel} yeah

[15:20] {patel} I use OMS

[15:20] {Will49} been burned a few times putting hard stop on with laser

[15:20] {patel} BIDU just took out yesterday's lows

[15:20] {Will49} only use it when forced to leave the room

[15:20] {patel} yeaH

[15:21] {patel} I wont use OMS in the future. 

[15:21] {Will49} like getting a UPS shipment this morning

[15:21] {dino} i use hard stops about 70% of time

[15:21] {Will49} interesting

[15:21] {dino} on gappers i cannot, suicide

[15:22] {dino} disca spike

[15:24] {dino} news?

01[15:24] {Threei}  not that I see

[15:25] {dino} nor i

[15:25] {dino} sm s .00 break

[15:26] {thomcbell} going to still watch this tibx for another play 

[15:31] {dino} disca bstop to .80

[15:31] {thomcbell} that could be the handle there in tibx Vad

[15:32] {dino} to .72

[15:32] {dino} cov disca .72, +.28

[15:34] {dino} jwn to .80

[15:35] {dino} out +.09

[15:37] {dino} \bidu, sina nnew 52 wk lows

[15:37] {dino} i really need to look at keyboard when i type

[15:44] {dino} pretty good drop going on

[15:52] {dino} fcx app lod

[15:55] {dino} ok, calling it a day. thx all

[15:55] {Will49} Cheers guys

[15:56] {patel} take care guys

[15:56] {patel} pretty nice green day for me. 

[15:57] {patel} only if the TIBX would have executed would have been an awesome day

[15:57] {Will49} wtg

01[15:57] {Threei}  thank you all, have a good evening

01[15:57] {Threei}  see you tomorrow

[15:57] {thomcbell} good night guys

[15:59] {dino} wow dji -65 in last few minutes

Dec 4 2012

Decent day with maybe not as spectacular as yesterday but still solid profits.

Session Time: Tue Dec 04 00:00:00 2012

[08:57] {dino} gm

01[08:57] {Threei}  dino :)

[09:01] {cipher} gm

01[09:03] {Threei}  cipher :)

[09:10] {scottie} good morning

01[09:10] {Threei}  scottie :)

[09:18] {Will49} Good morning :)

[09:20] {Beau} good morning all

01[09:20] {Threei}  will, beau :)

01[09:23] {Threei}  TSLA Immigration and Customs Enforcement (ICE) probing firm over use of foreign trade zone status

01[09:24] {Threei}  what is it with alt energy companies??

[09:25] {dino} ueps drop, fbi investigation

01[09:26] {Threei}  (US) Preview: Nov ISM New York expected at 09:45 ET (14:45 GMT)- No analysts estimates **The Oct reading was a 12-month low with responses collected before Hurricane Sandy, so Sandy had no impact on the reading

01[09:29] {Threei}  LVS and FB on watch

01[09:30] {Threei}  FB, wait for bounce to short

[09:32] {dino} ueps hl l .65 risky

[09:33] {nemo} wow...if dino calls it risky...sheesh

01[09:33] {Threei}  hehe

01[09:33] {Threei}  it must have teeth, machine gun and grenade launcher

01[09:34] {Threei} Short Setup: FB  .10 break

01[09:34] {Threei}  If holds  .20 

01[09:34] {Threei}  change to .20

01[09:35] {Threei}  change to .25

[09:35] {nemo} pivot .63

01[09:35] {Threei}  If holds  .35 

01[09:36] {Threei}  no go

01[09:37] {Threei} Short Setup: LVS  .20 break

01[09:37] {Threei}  If holds  .30 

01[09:38] {Threei}  heh

01[09:38] {Threei}  1:1 but good luck getting it

01[09:38] {Threei}  or exiting, lol

01[09:38] {Threei}  that was weird teleportation both ways

01[09:39] {Threei}  FB rinse

[09:39] {scottie} too fast to take 1:1, out at .35 :(

01[09:39] {Threei}  wow... I can't believe you got in

[09:39] {dino} ueps stop

[09:40] {scottie} hit the button when it was at .20 and order filled at .18

01[09:41] {Threei}  let's see if FB gives double top

01[09:42] {Threei}  around .30

01[09:45] {Threei}  waiting out ISM now

01[09:45] {Threei}  (US) Nov ISM New York: 52.5 v 45.9 prior

[09:45] {cipher} sina l.80

01[09:45] {Threei} Short Setup: SLW  .90 break

01[09:46] {Threei}  If holds  36 

[09:46] {dino} ueps hl l .20 stop lod

01[09:47] {Threei}  stop .96 now

01[09:47] {Threei}  1:1

[09:48] {cipher} out sina .58 -.22

01[09:50] {Threei} Short Setup: FB  27 break

[09:50] {cipher} trip l .72

[09:51] {cipher} out trip .00 +.28

01[09:51] {Threei}  Invalidated  

01[09:52] {Threei} Short Setup: GLD  .40 break hl

01[09:52] {Threei}  If holds  .50 

01[09:52] {Threei}  target 1:3

01[09:55] {Threei}  change to .50 break

[09:56] {dino} ueps stopped again, done w/it for now

01[09:58] {Threei}  target is still 1:3

01[10:01] {Threei}  scratch GLD

01[10:01] {Threei}  doesn't act right

01[10:02] {Threei} Long Setup:  FCX  .65 break

[10:02] {nemo} lvs

01[10:02] {Threei}  If holds  .55 

01[10:03] {Threei} Long Setup:  LVS  .55 break

01[10:03] {Threei}  If holds  .45 

01[10:03] {Threei}  target 1:3

01[10:04] {Threei}  1:1

01[10:04] {Threei}  FCX target 1:2

[10:05] {dino} gco hl l .02

01[10:06] {Threei}  LVS scalpers win

01[10:07] {Threei}  I could swear this thing was going to rocket

01[10:07] {Threei}  nothing but clear sky to about .90

01[10:07] {Threei}  must be a rinse

01[10:07] {Threei}  yup

01[10:07] {Threei}  *&^#)^

01[10:07] {Threei}  FCX 1:1

01[10:08] {Threei}  LVS 1:2, add your own expletive

01[10:08] {Threei}  1:3, add another

[10:10] {dino} out gco .50, +.48

01[10:10] {Threei}  wtg

[10:10] {dino} ty

[10:11] {dino} whats up w/sina, bidu?

[10:12] {nemo} news story about fraudullent chinese stocks tainting everything

01[10:12] {Threei}  right, not stock specific

01[10:12] {Threei}  rather country specific

[10:12] {dino} thx

[10:16] {thomcbell} very nice on lvs vad

01[10:16] {Threei}  if not count the second half rinse

[10:16] {nemo} i'm chopped liver

[10:16] {dino} bidu sm l .50 trig

[10:17] {thomcbell} u culled a nice setup 

[10:18] {thomcbell} - this market is a prime time for  "trade what you see" 

[10:18] {nemo} er....

[10:18] {nemo} what market isn't?

[10:19] {thomcbell} true but those who arent doing it right now havent a chance

01[10:21] {Threei} Short Setup: FCX  .60 break

[10:24] {dino} bidu stop -.30

01[10:25] {Threei}  1:1

[10:27] {dino} bidu rinse-r-oni

[10:29] {Will49} tks Vad +.14

[10:29] {Will49} too soon:(

01[10:30] {Threei}  a little... no news

01[10:30] {Threei}  looking at fiscal cliff negotiations, I see none

01[10:31] {Threei}  Obama simply wants to finish off republicans by going over the cliff, putting blame on them, then cutting taxes for under 250K

01[10:32] {Threei}  and since broad public pays no attention and has no idea whnat's really going on, it will work

[10:32] {Will49} talk about throwing the country under the bus!

01[10:32] {Threei}  if this theory is right, we need to trade accordingly - short side will prevail for the December

01[10:33] {Threei}  in his eyes he is saving it, will... by slaying dragons

[10:33] {Will49} deluded by power

[10:33] {dino} dk, just trade the tape

01[10:34] {Threei}  tape doesn't tell you much these days unless you put it in context of the background

01[10:34] {Threei}  by background I mean the developing story

[10:34] {dino} if that were true, i wouldn't be here. most things i trade i don't even know name or what they do

01[10:35] {Threei}  lol

01[10:35] {Threei}  it's true for individual names

01[10:35] {Threei}  I am talking about mnarket in general

[10:35] {dino} synt drop

[10:35] {robbers} out fcx @ .43, thanks.

01[10:35] {Threei}  yw

[10:35] {Will49} good patience robbers

[10:35] {dino} lately 3i, its just noise, less i hear better i do. 

[10:36] {dino} radio on, tv off

[10:36] {Will49} yeah... jazz

01[10:39] {Threei} Short Setup: CAT  .30 break

01[10:39] {Threei}  hl

01[10:39] {Threei}  .c .40

[10:47] {dino} rrc drop 

[10:48] {dino} hl l .72 rrc

01[10:51] {Threei}  CAT should drop fast now

01[10:51] {Threei}  1:1

01[10:52] {Threei}  (US) US Rep Hoyer (D-MD) highlights that the GOP counterpropsal yesterday was lacking on details regarding specific deductions it would like to end in order to raise revenue

[10:52] {dino} out rrc .03, +.31

01[10:53] {Threei}  (US) Fed's Tarullo: More research is needed on large bank size; no comment on monetary policy- Notes that caution is needed regarding any return to Glass Steagall framework

01[10:53] {Threei}  I would be interested to hear why

[10:57] {nemo} Qs Finnies SPY sitting on weekly pivot, iwm at the 50 sma

[11:05] {scottie} volc l .50 ?

01[11:06] {Threei}  chart's rioght, SPY's dropping...

01[11:06] {Threei}  I think so if stays here and then SPY bounce props it above .50

[11:06] {scottie} then it shouldn't trigger ?

01[11:07] {Threei}  it would be nice, but this kind sometimes triggers as a matter of setting the trap

[11:09] {robbers} out cat at .9, thanks.

01[11:09] {Threei}  :)

[11:10] {robbers} Has ese been here today?

01[11:10] {Threei}  no

[11:12] {dino} cbrl hl l .70

[11:17] {dino} mlnx heck of a weekly chart

01[11:25] {Threei}  - The House Republican's fiscal cliff counter offer yesterday afternoon has met with a predictably tepid response from the Democratic side, with the White House calling the plan "lacking in balance." More interestingly, right-wing House conservatives are also attacking House Speaker Boehner for offering any new revenue at all, suggesting a split in the Republican camp.

01[11:26] {Threei}  who remembers serial disapponter GERN?

[11:26] {dino} me

[11:26] {nemo} yum

01[11:26] {Threei}  looked at it recently? :)

01[11:26] {Threei}  - Shares of Geron tanked last night after the firm said it would discontinue development of its brain cancer drug candidate and lay off around 40% of its workers. The firm said it would concentrate on developing blood cancer treatment imetelstat. GERN is down 29%.

[11:26] {dino} no

01[11:26] {Threei}  under 1

[11:27] {dino} wow

01[11:27] {Threei}  popped above

01[11:27] {Threei}  remember its heroic rallies, lol

01[11:27] {Threei}  "fountain of youth" was the headline sending it to triple in two days

01[11:31] {Threei}  Thousands without power on Vancouver Island this morning as wind warning continues

01[11:31] {Threei}  hmmm... there is some wind but nothing outstanding

01[11:31] {Threei}  maybe ese is without power?

[11:31] {Will49} blowing pretty good down here at clover point

01[11:33] {Threei}  yup, one of outages is in Oak Bay

[11:35] {Will49} had a couple of 80KM gusts at Sir James Douglas weather station

01[11:35] {Threei}  crap... I should have stay silent... light's flickering

[11:36] {Will49} too much vodka already

[11:39] {Will49} fyi nemo: tks for putting me onto freestockcharts. really adds another dimension

01[11:39] {Threei}  OK... I need to look at it

[11:39] {Will49} bought a second monitor just for them

01[11:39] {Threei}  you all get another dimension, I alone stay flat, one dimensional... feeling left behind

[11:40] {Will49} poor Vad :(

01[11:41] {Threei}  (EU) Vague rumors about a German ratings downgrade have circulated for the last two days in the "Twittersphere"- Markets have not reacted to the rumors but the velocity of the rumors have picked up today, with the speculation widening to potential downgrades of the remaining AAA rating Euro Zone nations, Germany, Netherlands, and Luxembourg (but not Finland). The rumors seem to stem from Moody's recent downgrade of France which was followed by a downgrade of the EFSF/ESM Aaa rating

[11:41] {Will49} flickering lights, no vodka and outdated charts

01[11:41] {Threei}  life's tough

[11:54] {dino} moodys investor services revised from stable to negative germany

01[11:54] {Threei}  that was on 7/23

[11:55] {dino} today according to doug kass real$

01[11:55] {Threei}  he is mixing something

[11:55] {nemo} what up with wmt today

[11:55] {dino} dk

01[11:56] {Threei}  7/23: Moodys revised outlook of Germany, Netherlands, and Luxembourg to negative from stable.

[11:56] {dino} hmmm

01[11:56] {Threei}  now we are talking about possible downgrade

[12:16] {dino} mlnx hl l .00

[12:28] {dino} out mlnx .70, +.70

[12:29] {Beau} dino, how wide a stop do you use with the mlnx type?

[12:30] {dino} .30-.35

[12:31] {dino} it was half lot

[12:31] {Beau} thx

[12:31] {dino} np

01[12:32] {Threei}  (US) President Obama: Reiterates not expecting to get 100% of everything he wants in negotiations, happy to look at changes in entitlement programs as part of deal- Reiterates no fiscal cliff deal without higher taxes on the rich - Notes that the economy should take off following a deal on the fiscal cliff - Cant agree on a deal that only has 'vague' revenue increases; Boehner deal remains 'out of balance'

01[12:45] {Threei}  Obama: eyes "end" or "fall" of 2013 for more comprehensive tax/entitlement reform that's just "not going to happen" in next 2 wks

01[12:45] {Threei}  anyone believes it's going to happen at all?

[12:46] {dino} gco hl l .75 stop .54

01[12:49] {Threei}  if SPY gathers strength and starts uptrending, watching LVS for .50 break

01[13:07] {Threei}  aparently not anymore

01[13:07] {Threei}  however...

01[13:07] {Threei} Short Setup: GLD  164 break

01[13:12] {Threei}  (US) House Speaker Boehner (R-OH) and the Republican steering commitee have removed 3 deficit hawks from their seats on some committees - The HillJustin Amash (R-MI), Tim Huelskamp (R-KS), and Rep. David Schweikert (R-AZ) removed from their seats on commitees

01[13:12] {Threei}  huh

[13:22] {scottie} out .02, went to 1:1 tks Vad

01[13:30] {Threei}  :)

[13:34] {cc_8} Stocks Hitting 52-Week HighsPosted on: Tuesday, December 4, 2012 - 10:05am Adobe Systems (NASDAQ: ADBE) shares gained 1.33% to create a new 52-week high of $35.16. Adobe is scheduled to announce major updates to Adobe® Creative Cloud™ 

[13:35] {scottie} FSC s .30 ?

01[13:35] {Threei}  probably... a bit too narrow for my taste

[13:36] {scottie} tks

[13:37] {dino} out gco ave .025, +.275

[13:47] {scottie} GPS l .90 ?

01[13:48] {Threei}  hl

01[13:48] {Threei}  can be kipmy

01[13:48] {Threei}  jumpy

[13:49] {dino} lol

[13:49] {scottie} missed entry

[13:51] {nemo} interesting, no capitulation volume spikes in spy on down bars

[13:51] {nemo} today that is

[13:52] {scottie} in .91

[13:57] {scottie} stop .84

01[13:58] {Threei} Long Setup:  LVS  .30 break

01[13:58] {Threei}  If holds  .20 

[13:58] {nemo} market should pullback here

01[14:00] {Threei}  as if it could be any different, (US) House Speaker Boehner (R-OH): Obama's plan could not pass either Congress; Obama should provide a plan with more middle ground"

[14:04] {dino} they act like a bunch of kids trying to run the country

[14:05] {scottie} gps rinsed

[14:05] {dino} lmca drop

[14:07] {dino} sm l .89

[14:08] {dino} stop -.38

01[14:13] {Threei}  let's take scalp LVS

01[14:13] {Threei}  tiny as it is, SPY doesn't look right anymore

[14:17] {dino} lmca sm l .85

[14:21] {thomcbell} weird break ther eon fb

[14:38] {thomcbell} slw - short setup 36.20 break if holding 36.30

01[14:53] {Threei} Long Setup:  CAT  .10 break hl

01[14:54] {Threei}  If holds  84 

01[15:05] {Threei}  1:1

01[15:07] {Threei}  1:2, out

01[15:07] {Threei}  nice and easy

[15:07] {Will49} tks Vad

[15:07] {scottie} +.20 tks Vad

01[15:07] {Threei}  :)

[15:23] {thomcbell} ccovered rest of slw here

01[15:26] {Threei}  good one

[15:28] {thomcbell} tu

[15:29] {nemo} C&H 15 min charts IWM SPY Finnies

[15:38] {nemo} jeez...gmcr today

[15:39] {nemo} gmcr

[15:39] {thomcbell} feel like FB is a short break at 27.40 Vad if holding 27.50 

01[15:39] {Threei}  I like it

[15:40] {nemo} vwap at .32

[15:40] {thomcbell} good point 

[15:41] {nemo} if market drops it'll go well, but...not sure, you're in congestion zones where they might like to hold the market

[15:41] {nemo} imo

[15:41] {thomcbell} it being a momentum favorite the move could be sizeable if "They" become spooked

[15:42] {nemo} just be ready for a bounce there

01[15:42] {Threei}  OK, I opened fsc

01[15:42] {Threei}  I see FB vwap at .32

[15:42] {nemo} hahahahahahahahah

01[15:42] {Threei}  what else should I watvch?

[15:42] {nemo} dead people?

[15:42] {dino} hey

01[15:42] {Threei}  nah, that's dino's

[15:43] {nemo} o.k. level of vodka drop in the bottle

01[15:43] {Threei}  why would I encroach his territory

[15:43] {nemo} geez dino..don't get panties in a bunch...sheesh

[15:44] {dino} lol

01[15:44] {Threei}  btw... vwao creeps up over last few hours

01[15:44] {Threei}  what does it tell us?

[15:45] {thomcbell} could be 2 sided too - lol

[15:45] {thomcbell} 0.40 or 0.50 

01[15:48] {Threei}  ok, anyone is up to educate me? what do I wacth on this site and how do I use this?? :)

[15:49] {dino} i use it for s & r levels and vawap atacks

01[15:50] {Threei}  so, FB indicates vwap at .32 and pivot at .63

01[15:50] {Threei}  what's the working assumption? that it's likey to retrace fronm .63, and attemot to touch .32?

[15:50] {dino} unless it makes a higher high

01[15:51] {Threei}  yeah, I am fine with all the ifs, buts and unlesses, just want to understand the baeline scenario

01[15:51] {Threei}  baseline

[15:51] {nemo} notice how it's been above vwap since 11:15 working assumption is it stays that way as vwap is support

[15:52] {dino} i'm still in lmca, ask nemo

[15:53] {nemo} it's bounced off it 4 times

[15:53] {dino} look lmca vwap keeps swatting it down

[15:54] {nemo} that is iffy 106.50 is resistance 38.2 retrace

[15:55] {dino} can't get there

[15:56] {nemo} lower high

[15:56] {nemo} but it was a bounce off vwap

[15:56] {dino} f#ck

[15:57] {nemo} btw...if you do a fib retrace from the 11/15 low to yesterday's high, you

[15:57] {nemo} you'll see it confluences right at 106.50ish

[15:58] {nemo} see that dino?

[15:58] {dino} yes

[15:58] {nemo} can't go long that puppy until it breaks 106.50

[15:58] {nemo} or you pick it up probably around 104.80-105

[15:58] {dino} in 104.85

01[15:59] {Threei}  OK guys, before you go, let me inspire you for a pleasant evening: http://goo.gl/lwI1I

[15:59] {nemo} take your profits like a man and gtfo!

01[15:59] {Threei}  decent day

01[15:59] {Threei}  thank you all, have a great evening, see you tomorrow

01[15:59] {Threei}  dino, time's running out

[15:59] {scottie} gn all, day off tomorrow, see you thursday

[15:59] {dino} out .65, +.80

01[15:59] {Threei}  whew

01[16:00] {Threei}  you don't want this overnight :)

[16:00] {dino} no

[16:00] {Will49} TTFN guys

[16:00] {dino} just pissed because i had 106.05 and was late

[16:01] {nemo} whoa, fat finger on the close lmce, lmca look at that

Dec 3 2012

Fantastic day with a lot of great trades, and real icing on a cake is below. You remember our recent warning that headlines about fiscal cliff were going to rule the market movements for the rest of the year. Well, this Catch of the Day had exploited just that by being at the right place at the right time:

15:00  (US) House Speaker Boehner (R-OH) makes counterproposal in letter to President Obama, claims plan would aim to save $2.2T over ten years 
- Plan includes: $1.4T in new spending cuts, $800B in new revenue - House GOP will not agree to higher tax rates. 
- Do not believe it would be helpful to propose entitlement program reforms in the near term 
- Proposals said to be based on Simson-Bowles Commission 

Session Time: Mon Dec 03 00:00:00 2012
01[08:58] {Threei}  *(US) NOV FINAL MARKIT MANUFACTURING PMI: 52.8 V 51.7E
[09:08] {dino} gm
01[09:09] {Threei}  dino :)
01[09:12] {Threei}  (US) Preview: Nov 2012 Vehicle Sales numbers expected throughout the day from major auto makers- Estimated Industry total vehicle SAAR for Nov: 15Me - Analysts estimate that about 30K sales were lost or delayed because of Hurricane Sandy in late October, and that about 250K cars were damaged or destroyed by the storm and which could lead to 70K new car sales to replace the lost vehicles. Replacement shopping could help boost Nov SAAR to 15M or mor
01[09:12] {Threei}  I think it's a day to watch GM again
[09:15] {scottie} good morning
01[09:15] {Threei}  scottie :)
[09:20] {Will49} Good morning
01[09:22] {Threei}  will :)
01[09:22] {Threei}  Vatican discloses Pope's Twitter handle: @pontifex
01[09:22] {Threei}  eeck
01[09:23] {Threei}  tweeting Pope
01[09:23] {Threei}  now I've seen it all
[09:23] {ese} gm
01[09:23] {Threei}  ese :)
[09:23] {nemo} surprise surprise, gapped up
[09:24] {ese} if that don't beat all........a twiting pope
[09:25] {nemo} had our daily pre market stop hunt at 8:59 on the spy and iwm
01[09:25] {Threei}  and you don't even have facebook account, ese
01[09:25] {Threei}  for shame
[09:25] {ese} lol.........and it ain't gonna happen either
[09:25] {Beau} good morning
[09:26] {ese} B
01[09:26] {Threei}  beau :)
01[09:26] {Threei}  Vatican will send you "cease and desist resistance to progress" letter
01[09:26] {Threei}  look at GM daily
[09:27] {ese} read a small article a few years ago where the doof ball facebook ceo had given the cia and nsa total access to everyones accounts.............it ain't for me
01[09:30] {Threei}  look ese: http://goo.gl/BGhUq
01[09:30] {Threei}  this kind of gems you misds by not being there {G}
01[09:31] {Threei}  I'd swear nemo wrote this
01[09:31] {Threei}  need GM to tighten the spread for a trade
01[09:32] {Threei} Long Setup:  GM  .15 break
01[09:32] {Threei}  hl
01[09:32] {Threei}  If holds  26
[09:32] {ese} my intelliscan is not working
01[09:33] {Threei}  server outage'
01[09:33] {Threei}  tagert 1:2 GM
01[09:33] {Threei}  1:1
[09:34] {ese} ahhhhh
[09:34] {robbers} out gm, thanks.
01[09:34] {Threei}  :)
[09:34] {Will49} tks Vad good start
[09:34] {scottie} +.15 tks Vad
[09:35] {ese} ok now that is funny
01[09:35] {Threei}  yw
01[09:37] {Threei} Short Setup: SLW  .80 breal
01[09:37] {Threei}  If holds  .90
[09:40] {robbers} out slw, thanks again.
01[09:41] {Threei}  yw :)
[09:41] {nemo} spy and finnies holding iwm not
[09:42] {dino} 07 red
[09:45] {nemo} if spy drops below this low, that's quite a bit of volume it put in, might go to the 50 around 142.40
[09:47] {nemo} iwm gap fill
01[09:47] {Threei}  GM, scalpers win
01[09:47] {Threei}  this one is still on radar though
01[09:47] {Threei}  daily is too good to dismiss it
01[09:47] {Threei}  SLW 1:2, out
[09:47] {scottie} +.19 tks Vad
01[09:47] {Threei}  yw
[09:48] {Will49} tks Vad .19
01[09:48] {Threei}  :)
01[09:50] {Threei}  (EU) France Fin Min Moscovici: Not 'anxious' about the Greece debt buyback program; more solidarity is required within the EMU
01[09:50] {Threei}  yes comrade
[09:51] {Will49} freestockcharts not working..or is it me?
[09:51] {nemo} both
01[09:51] {Threei}  lol
[09:51] {Will49} :)
[09:52] {Will49} thought I'd give you a softball nemo
[09:52] {nemo} you didn't even realize it
[09:52] {Will49} haha
[09:53] {Will49} derisive haha
[09:53] {nemo} True words are not fine sounding
[09:53] {nemo} Fine sounding words are not true
[09:53] {Will49} oooooh
01[09:53] {Threei}  looks like there is some data issue affecting many providers
[09:53] {nemo} yeah
01[09:53] {Threei}  Iscan, TI, TC2000, FSC
[09:53] {nemo} Maybe I'll take the rest of the day off and try and kill something
[09:54] {Will49} be true to yourself
01[09:54] {Threei}  oh come on, you can't trade without FSC?
01[09:54] {Threei}  kill some weak brain cells if you must
[09:54] {nemo} difficult with my levels mapped
[09:55] {nemo} spy and iwm at levels here
01[09:55] {Threei} Short Setup: LVS  .50 break
01[09:55] {Threei}  hl
01[09:55] {Threei}  If holds  .60
01[09:56] {Threei}  Invalidated
01[09:57] {Threei} Long Setup:  F  .65 break
01[09:57] {Threei}  If holds  .60
[09:58] {dino} sxc hl l .01
01[09:59] {Threei}  GM new highs
01[09:59] {Threei}  rinsing bastard
01[10:00] {Threei}  whoa
[10:00] {nemo} ISM number
[10:00] {dino} fast fall mkts
01[10:00] {Threei}  *(US) NOV ISM MANUFACTURING: 49.5 V 51.5E; ISM PRICES PAID: V 53.5E
[10:00] {scottie} LVS a stop for me Vad, jumped in at .49 and out at .62
01[10:01] {Threei}  ??
01[10:01] {Threei}  it never triggered'
01[10:01] {Threei}  *(US) OCT CONSTRUCTION SPENDING M/M: 1.4% V 0.5%E
[10:01] {scottie} went to .46 on my chart !!
01[10:02] {Threei}  I am lost
01[10:02] {Threei}  level 2 never went under .50
01[10:02] {Threei}  out of bounds print, may be
[10:02] {scottie} looks like we don.t have the same info
[10:03] {Will49} mine did same scottie
01[10:03] {Threei}  anyone had LVS level 2 breaking down through .50?
[10:03] {dino} anybody trouble w/feeestockcharts/vwap?
[10:03] {Will49} was in at .48
01[10:04] {Threei}  General Motors Corp Reports Nov US sales +3.4% y/y at of 186.5K units
01[10:04] {Threei}  what the deuce
[10:05] {nemo} that's bottoming volume on the spy
01[10:05] {Threei}  doesn't work, dino
01[10:05] {Threei}  IntelliScan is back up
01[10:06] {Threei}  I guess FSC should not be far behind
[10:06] {nemo} my charts are wrong though
01[10:06] {Threei}  ok, who was watching LVS after the call, tell me whether level 2 broke .50 or not
[10:06] {nemo} they're not at the right price points
01[10:08] {Threei} Long Setup:  GM  .93
01[10:08] {Threei}  If holds  .85
01[10:09] {Threei}  no go
[10:09] {dino} olmn hl l .01 stop .74
[10:09] {ese} ok....that was funny too....been on this board alot of years but have never heard the term "rinsing bastard"
01[10:09] {Threei}  lol
[10:10] {dino} ilmn that is
[10:10] {ese} L btu .97
01[10:13] {Threei} Short Setup: SLW  .85 break
01[10:13] {Threei}  If holds  .95
[10:13] {ese} alright then.......thts what a higher low in spyders is suppose to do .......carry momentum into the stock you've just bought......."
01[10:15] {Threei}  trail SLW to .92
[10:15] {dino} jlmn to .25
[10:15] {dino} ilmn, geez
[10:16] {dino} out .26, +.25 ilmn
01[10:18] {Threei}  let's trail SLW to .86
01[10:18] {Threei}  no point to risk anything here
[10:21] {Will49} what made you trail stop like that on SLW?
01[10:21] {Threei}  it touched very close to 1:1
01[10:22] {Threei}  1-2 cents more and we would be partialing and trailing
[10:22] {Will49} you don't usually trail that early
[10:22] {Will49} just wondering
[10:23] {Will49} what you saw
[10:23] {nemo} my feeds are still off
01[10:24] {Threei} Short Setup: G;D  .40 break
01[10:25] {Threei}  hl
01[10:25] {Threei}  GLD
01[10:25] {Threei}  grrr
01[10:25] {Threei}  got away
[10:26] {ese} daaaaa  stopped btu. 79 .-18
[10:26] {ese} rinsing bastard!
[10:26] {thomcbell} FB shocking the volume already in first hour
01[10:26] {Threei}  GLD over 1:1
01[10:27] {Threei}  grr
[10:28] {nemo} freestockcharts is a half hour behind
[10:29] {Will49} what do you expect for free?
[10:30] {dino} sxc stop -.12
[10:33] {nemo} Vad...ur gonna' have to start paying me to stay here and put up with Will
[10:33] {Will49} :)
01[10:34] {Threei}  that's a slippery slope
[10:34] {nemo} hehehehe
[10:34] {Will49} i've been designated "nemo baiter"
01[10:34] {Threei}  you know how many people would jump on identical demand, to put up with ypu?? :)
[10:34] {nemo} just give me their addresses
[10:35] {dino} lol
[10:35] {nemo} Hey Dino, how's ur Quarterback?
[10:36] {nemo} he'll probably be the second NFL suicide in a week
[10:36] {dino} roflol
[10:36] {dino} i've always said he sucks
[10:36] {dino} hell his interceptions were 30% of his completions yesterday
[10:36] {nemo} I think the Patriots get their heads handed to them next two weeks.  Houston then SF
[10:37] {dino} maybe, but they are in playoffs no matter what
[10:37] {nemo} yeah, so isn't Andrew Luck, that kid is impressive
[10:37] {dino} indeed
[10:41] {Beau} hope you are right nemo,  Texans been hurt bad with injuries.
[10:44] {Will49} Freestockcharts only 10 min behind now
[10:44] {dino} pir hl l .35
[10:45] {dino} too bad freestockcharts wasn't running 10 minutes ahead
01[10:46] {Threei}  lol
[10:46] {dino} ;-)
[10:46] {dino} ddd drop
01[10:46] {Threei} Short Setup: GLD  .20 break
01[10:47] {Threei}  If holds  .30
[10:53] {ese} c ya tomorrow
01[10:53] {Threei}  take care ese
[10:59] {dino} cbrl hl l .75 stop .49
[10:59] {dino} gappy sucker
01[10:59] {Threei} Short Setup: GLD  .30 break
01[10:59] {Threei}  If holds  .40
01[10:59] {Threei}  let's try aggressive entry
01[11:03] {Threei}  1:1
[11:04] {patel} my browser crashed and everytime I tried to log in
[11:04] {patel} it said nickname is in use
[11:04] {robbers} nice timing.
[11:05] {robbers} on gld.
01[11:05] {Threei}  you tried ron username I see
01[11:05] {Threei}  patel12
[11:05] {patel} yeah
[11:05] {patel} so i tried it with patel1
[11:05] {patel} patel12
[11:05] {patel} but still didnt let me log in
[11:05] {patel} everytime I tried with patel it said nickname is in use
[11:05] {patel} but it's fine. Glad to be back in now.
01[11:06] {Threei}  it takes server a few min to see you disconnecting
01[11:06] {Threei}  so-called "ghost"
01[11:07] {Threei}  which browser do you use?
[11:07] {patel} Has anyone tried any of the irc apps for ipad?
[11:07] {patel} firefox
[11:08] {patel} I plan on using my ipad so that I dont clutter up my work computer
01[11:08] {Threei}  no ipad here
[11:08] {Will49} nobody here works:)
[11:09] {thomcbell} what is irc?
[11:09] {dino} lol will. no ipad either
[11:09] {dino} 3 desktops enough
[11:09] {Will49} irc=better alternative to mibbit
01[11:09] {Threei}  1 desktop, 4 monitors
[11:10] {patel} yeah
[11:11] {Will49} tbell...irc has an audible alarm when Vad sends an alert so i can sleep in between
[11:11] {Will49} also seems to be faster than mibbit
[11:12] {thomcbell} ua feeling like a long here to me
[11:12] {thomcbell} don tlike the setup right now
[11:12] {cipher} lamr l .90
01[11:14] {Threei} Long Setup:  RIG  .30 break hl
01[11:14] {Threei}  If holds  .20
[11:16] {dino} out cbrl .99, +.24
[11:18] {scottie} gld +.17 tks Vad
01[11:18] {Threei}  GLD 1:2
01[11:18] {Threei}  out
01[11:18] {Threei}  yw
01[11:19] {Threei}  changing my tune on RIG
01[11:19] {Threei}  long is invalidated
01[11:20] {Threei}  not sure it's a short candidate yet
[11:20] {nemo} market sleepwalking
[11:22] {dino} no kidding
[11:22] {dino} feels like 2 pm
[11:22] {cipher} sial l .02
[11:22] {nemo} those data feed screwups might have added to the caution
01[11:22] {Threei}  probably
[11:22] {nemo} not cipher though
01[11:22] {Threei}  but still, market went from green to red
01[11:22] {Threei}  which is remarkable
[11:23] {nemo} btw...european markets have given back much of their range
01[11:23] {Threei}  SPY daily is in uptrend, and most of news development were positive over the weekend
01[11:23] {Threei}  so going into red is meaningful
01[11:23] {Threei}  and we did find a few good plays
[11:24] {nemo} not sure, we're back in the range of the last 3 days
01[11:24] {Threei}  important thing is, we are back in that range despite uptrend, depsite gap up and despite good news
[11:25] {nemo} frickin' Pollyanna
01[11:25] {Threei}  view these things against the noise backdrop, and they become meaningful
[11:26] {dino} markets see no cliff resolution
01[11:26] {Threei}  speaking of which... I might have found how "let's borrow more" crowd intends to repay the debt
[11:26] {nemo} the Reps might let it go over the cliff with O'Bama wanting more spending and more taxes
[11:27] {dino} thats what i see nemo
01[11:27] {Threei}  yeah, if Dems insist on more spending, I don't see how Reps can bring themselves to cave
[11:27] {nemo} dead people?
[11:28] {dino} not today
01[11:28] {Threei}  lol
01[11:28] {Threei}  canceling RIG long was right
[11:28] {nemo} two rigs make a wrong
01[11:28] {Threei}  still not sure it's a short though
01[11:29] {Threei}  and I thought my sense of humor was bad... thatnk heavens for nemo
[11:29] {nemo} I'm bored
[11:30] {dino} me too, maybe i'll have early lunch
01[11:30] {Threei}  look at genius photo then: http://goo.gl/uPa09
[11:32] {Will49} great as usual Vad
01[11:32] {Threei}  ty
01[11:32] {Threei}  dino, let me cure your boredom for 54 seconds: http://goo.gl/5yxAx
[11:32] {thomcbell} that is some picture Vad
[11:33] {thomcbell} beautiful
01[11:33] {Threei}  :)
[11:35] {nemo} oh yeah, seen that before
[11:36] {cipher} meli l .91
[11:42] {dino} txi sm spike
01[11:42] {Threei} Short Setup: SLW  .55 break
01[11:43] {Threei}  If holds  .65
[11:44] {cipher} out sial .09 +.07
[11:48] {dino} damn missed txi s
01[11:49] {Threei}  no go
[11:50] {cipher} out meli .24 +.33
[11:50] {dino} gj
[11:51] {cipher} out lamr. 93 +.03 late post
01[11:51] {Threei}  read this and tell me just how screwed up this world is:
01[11:51] {Threei}  - Spain submitted a formal request for an EU bailout of its banking sector, sending EUR/USD out to six-week highs above 1.3070
01[11:52] {Threei}  if there were any kind of common sense in the world, this would have sent everything crashing down
01[11:52] {Threei}  but in this upside-down contraption it's a good news
[11:52] {dino} whole world is backwards
[11:52] {nemo} Europe closed at 11:30 and that was the bottom
01[11:52] {Threei}  This of course is not the long-awaited sovereign bailout but rather the banking-sector bailout, which has already been months in the making (Spain's informal request came back in early June).
01[11:53] {Threei}  can you imagine how great it's going to be when Spain asks for sovereign bailout?
[11:53] {dino} print at will
[11:54] {dino} it's a big race to see who can inflate fastest
[11:58] {dino} mgam hl l .60
[12:01] {thomcbell} fb not participating n this bounce
01[12:01] {Threei}  it still tardes in its own world
[12:02] {thomcbell} best move ive seen in a while in a major stock
01[12:10] {Threei} Short Setup: FB  28 break
01[12:10] {Threei}  If holds  .10
[12:13] {cipher} meli s .66
[12:13] {cipher} cov .46 +.20
01[12:15] {Threei}  Invalidated
[12:22] {cc_8} Dell Bounces Back on Goldman UpgradePosted on: Monday, December 3, 2012 - 12:16pm
[12:22] {cc_8} Shares of Dell (NASDAQ: DELL) traded higher on Monday, up over six percent in early trading. The move brought Dell back above the $10 per share mark
[12:23] {dino} goldman must have been stuck w/some dell
01[12:23] {Threei}  lol
[12:25] {nemo} vrsn looks like it might go off again
01[12:27] {Threei}  FB is valid again
01[12:33] {Threei}  no go
01[12:34] {Threei}  backing off, these lunch trades are too random
[12:42] {dino} pir to .50, mgam to .70
01[12:42] {Threei}  rinse?
01[12:42] {Threei}  sheesh
01[12:43] {Threei}  disgusting, FB
[12:43] {dino} out pir +.15
[12:45] {dino} out mgam .80, +.20
01[12:47] {Threei}  wtg
01[12:48] {Threei}  can you believe FB
[12:58] {dino} ty
[13:08] {dino} this market is dead
[13:08] {nemo} oh, and I thought it was just me
[13:09] {Will49} ooooh i can't resist tht
[13:09] {Will49} that
[13:09] {nemo} it doesn't count when I lay it out there
[13:09] {Will49} but I will
[13:09] {nemo} you're taking the bait
01[13:09] {Threei}  lol
[13:09] {nemo} back to the farm team for you
[13:10] {Will49} I know, I know :(
[13:10] {nemo} bounce territory
[13:12] {nemo} l .45 tna
[13:13] {nemo} iwm was at the 50sma, spy near low for day, finnies at yesterday close, as were the Qs
[13:17] {nemo} drops .35 I'm out
[13:21] {nemo} fas over .40?
[13:22] {nemo} finnies not coming along
[13:23] {nemo} scratching trade
01[13:23] {Threei}  looks more like short to me...
[13:23] {nemo} now, yes
01[13:23] {Threei}  although I don't have enough conviction for a call
[13:23] {nemo} when spy and IWM wanted up and finnies weren't abiding, confidence fell
[13:23] {nemo} it's iffy, but I was looking for a vwap run
[13:35] {dino} conn hl l .50
01[13:36] {Threei}  ok... read was right
[14:00] {dino} mcrs hl l .25
01[14:06] {Threei}  feels like another leg down is coming
01[14:06] {Threei} Short Setup: FB  .75 break
01[14:06] {Threei}  If holds  .80
01[14:19] {Threei}  stop to .76
01[14:19] {Threei}  no risk anymore, only upside
01[14:19] {Threei}  or downside if you insist on being literal
01[14:19] {Threei}  target around .50 - .55, maybe more
01[14:20] {Threei}  half out
[14:21] {cipher} mlnx l .72
[14:21] {dino} mlnx, heck of a monthly
[14:24] {dino} gap fill on it july
01[14:26] {Threei}  let's go for 1:3
01[14:26] {Threei}  bidding 1/4 at .55
[14:27] {dino} out mcrs .49, +.24
[14:33] {scottie} gotta go, see you all tomorrow
[14:33] {Will49} take car S
[14:34] {scottie} will
[14:34] {Will49} care
[14:34] {dino} cya scott
[14:34] {scottie} dino
01[14:34] {Threei}  take care scottie
[14:35] {robbers} out fb, thanks Vad.
[14:36] {Will49} out tks vad
01[14:36] {Threei}  1:2
01[14:36] {Threei}  yw guys
01[14:36] {Threei}  rebenge is a dish better served cold
[14:36] {dino} kahn
[14:36] {nemo} UA
01[14:36] {Threei}  waited uncertainty out on FB and hit it when everything looked right
[14:48] {cipher} out 1/2 mlnx .48 +.76
01[14:49] {Threei}  1:3, over and out
[14:49] {dino} gj both of you
01[14:49] {Threei}  me happy
01[14:52] {Threei}  no one held it for this target?
[14:53] {robbers} Some of us aren't greedy, LOL.  Very nice call.
01[14:53] {Threei}  and I thought Greed Is Good philosophy was commonly accepted...
[14:54] {Will49} nervous nelly here...out 1:2
[14:55] {robbers} Greed is good.  Except when it isn't.
01[14:57] {Threei} Long Setup:  FAS  107 break hl
01[14:58] {Threei}  If holds  .85
[14:59] {cipher} out mlnx in full .89 +1.17
01[14:59] {Threei}  beautoful
01[14:59] {Threei}  wtg
[14:59] {cipher} ty
[15:00] {dino} nice
01[15:00] {Threei}  1:1
01[15:00] {Threei}  1:2
01[15:00] {Threei}  1:3, out
[15:00] {robbers} out, big thanks.
[15:00] {dino} wow
01[15:00] {Threei}  :)
[15:00] {nemo} news?
[15:00] {dino} spike
[15:01] {Will49} out excellent
01[15:01] {Threei}  (US) House Speaker Boehner said to have made counterproposal to President Obama
01[15:01] {Threei}  that'sall, lol
01[15:01] {Threei}  thank you boehner
[15:01] {Will49} best friend boehner
01[15:01] {Threei}  - Plan includes: $1.4T in new spending cuts, $800B in new revenue
[15:01] {thomcbell} bff
01[15:01] {Threei}  remember my prphecy about headlines for the rest of the year?
[15:02] {Will49} wow, were we ever in the right place at the right time!
[15:02] {nemo} news reading algos
01[15:02] {Threei}  anf they say algos always work against you
[15:02] {Beau} pat on back vad
01[15:02] {Threei}  told ya... all this algo/HFT talk is nothing but rationalizing by those who can't trade
[15:02] {nemo} don't worry, he got to it first
01[15:03] {Threei}  thanks Beau
01[15:03] {Threei}  lol nemo
01[15:05] {Threei}  meanwhile in the Land of Permanent Bailouts:
01[15:05] {Threei}  (EU) EMU Finance Ministers reportedly discussed new bailouts at the meeting today - financial press
[15:06] {nemo} http://www.youtube.com/watch?v=UQAFCbsgQeo&feature=youtu.be
[15:12] {cipher} mlnx s.50
[15:13] {nemo} inflextion levels are .20 and .90
[15:13] {cipher} cov 1/2 .29
01[15:13] {Threei}  visual: http://goo.gl/6VDPK
[15:14] {cipher} cov rest .09 +.41
[15:15] {Will49} cipher..what drugs do you take to enable you to trade those spreads?
[15:16] {nemo} lobotomy
[15:16] {Will49} lol
[15:16] {cipher} it's not that bad will
[15:16] {nemo} he's looking at levels and reading the T&S
[15:16] {cipher} mlnx is pretty reasonable
01[15:16] {Threei}  50mg of Idontcaremamine daily
[15:16] {Will49} haha
[15:17] {cipher} I just wait for the right moment
01[15:17] {Threei}  how did we all trade during fraction times
[15:17] {nemo} you look where mlnx actually trades between the spreads, that tellsy you direction
[15:17] {cipher} it's called patience
[15:17] {cipher} also I do not use mkt orders
[15:18] {Will49} no kidding!
[15:18] {cipher} limit below offer/above bid
[15:18] {cipher} so in essence I'm capturing the spread
[15:18] {Will49} tks cipher....maybe when I grow up:)
[15:19] {cipher} np
01[15:19] {Threei}  market order on those stocks is just above the cutting your own throat with tin can opened by rusty knife on a pleasure scale
[15:20] {dino} you'd always be in the red w/market orders
[15:21] {dino} my question cipher, do you go full lots or control thru size adjust like i do
[15:21] {nemo} cipher, you should change your nick to "Knievel"
[15:22] {cipher} it depends on the stock dino
[15:22] {cipher} mlnx was full lot
[15:23] {cipher} but I will do less if required
[15:23] {dino} wow. i was going 400 on it. no fill
[15:23] {cipher} at what price?
[15:23] {dino} remember friday mygn? can i ask size? i was 500
[15:24] {dino} 66.55 wanted re-test
[15:24] {cipher} I'd have to check
[15:24] {dino} out conn -.02
[15:24] {cipher} I have a very short term memory
[15:24] {nemo} more than I have
[15:24] {cipher} if you asked me what I traded this am I couldn't tell ya :)
[15:24] {nemo} I feel like Guy Pierce in Memento
[15:24] {dino} about 3:30 drop, you and i played a buck each
[15:25] {cipher} sounds familiar nemo :)
[15:25] {cipher} good movie
[15:25] {nemo} wouldn't surprise me to see spy take 142 again
[15:25] {nemo} I like his work
[15:26] {nemo} Amazing how many Brits are cast to play Americans
[15:26] {cipher} yeah I noticed that too
[15:26] {cipher} also some ausie chicks playing americans
[15:26] {nemo} Well, watched a Brando movie where he played a German
[15:26] {nemo} Yeah, lots of Sheila's
[15:27] {nemo} Sheilas
[15:27] {cipher} one that comes to mind... Hannah McKay
[15:27] {nemo} Funny...Australia is like visiting an American city where they drive the wrong way
[15:27] {cipher} easy on the eyes too :)
[15:27] {dino} indeed
[15:27] {nemo} then there's the chick that played the elf queen
[15:28] {nemo} the chick that played opposite Dennis Quaid in that baseball movie
[15:28] {nemo} Rachel Ward
[15:28] {nemo} Cruise's ex
[15:29] {cipher} oh yeah
[15:29] {Will49} nicole kidman
[15:29] {nemo} yeah...memory
[15:29] {dino} cute
[15:30] {nemo} iwm right near the 50 sma
[15:32] {nemo} oh, and the guy that played the Elf Lord and Mr. Smith,  met him once when I was in Sydney
[15:32] {nemo} a kid's birthday party of all places
[15:34] {nemo} What's my rabbit's name, Vad?
01[15:36] {Threei}  hmmm
[15:36] {nemo} you too, huh?
01[15:36] {Threei}  i guess
[15:36] {nemo} starts with a "b" I think?
[15:38] {dino} ssys drop
[15:40] {cipher} ssys l.70
[15:40] {cipher} out .99 +.29 thx dino
[15:42] {dino} gj
01[15:49] {Threei}  OK guys, happy with how we started December
01[15:49] {Threei}  no more trades
[15:49] {dino} nflx drop
01[15:49] {Threei}  thank you all, have a great evening, see you tomorrow
[15:49] {dino} cya vad
[15:50] {Will49} great day Vad

Nemo's findings 12/2/2012

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

The week that was:

Sorry, had a file backup problem, so I didn't get the daily panel layout.  Having said that, above is the complete week.  Notice the bottom on the 28th, that was the supposed "kumbaya" moment between Boehner  and Obama.   Don't you find it amazingly coincidental that at the bottom the Qs were at their Weekly Pivot, the IWM was at the Monthly S1 and the SPY was at a whole number, which is often an inflection point for price action.  Think I'm gonna' have to rethink that Santa Clause thing...

Anyway, the last two days, which were filled with political posturing in the area of the 50 SMA of  financials, the SPY and the IWM  look like bull flags.  The dailies for the last couple of days show potential indecision.  Monday will be the first day of the month for mutual fund inflows....Gap up anybody?

Anyway, the week that is:

 

Market Week Wrap-Up

Weekly Market Update: Europe Pulls Greece Away from the Edge as US Eyes the Fiscal Cliff


- US and European equity markets accumulated solid gains this week after the Eurozone and the IMF managed to hammer out a compromise with Greece and investors managed to overlook the fiscal cliff antics in Washington, DC. In Asia, Chinese equities sank further in into their post-transition funk as no fresh stimulus measures emerged, while the Japanese government approved $10.7B in stimulus spending ahead of the December 16th parliamentary elections. A couple of positive US data points helped distract people from the fiscal cliff "stalemate": the October durable goods report beat expectations, the second reading of Q3 US GDP saw a firm gain over the advance reading, to +2.7% from 2.0%, and the November Chicago PMI reading moved back above the key 50 level. On the commodities front, traders were unnerved by a mysterious and as-yet unexplained selloff in gold that wiped more than 1% off the spot price in a matter of minutes on Wednesday morning. Spot gold closed out the week down about 2% at $1,708, around three-week lows. For the week, the DJIA rose 0.1%, Nasdaq added 1.5%, and the S%P500 gained 0.5%.

- The White House and the Congressional Republicans offered an operatic level of fiscal cliff rhetoric this week. The White House's opening gambit to Congress went over like a lead balloon, with the President reportedly asking Republicans to give up all of their bargaining chips. The plan included a one year extension of the payroll tax credit and expanded unemployment benefits, and a permanent increase in debt limit. It also asks for $1.6T in tax increases and over $50B in new stimulus spending, offset by only $400B in entitlement cuts and a one year postponement of the defense spending cuts triggered by the 'sequester'. GOP leaders howled that the White House plan was "not serious," with Speaker Boehner calling the current situation a "stalemate" and Senate majority leader McConnell calling it a step closer to the fiscal cliff. In their public statements both parties sought to get the other side to give specifics first: Democrats wanted to see a summary of tax hikes the Republican's would allow, and Republicans demanded to see a list of specific spending cuts from the Dems. Despite the heated rhetoric, however, many reports indicate that in private, the House Republicans are said to understand the weakness of their negotiating position and that they may be readier to compromise than they appear.

- November same store sales reports were not especially positive due to a slow start to the month impacted by Superstorm Sandy in the northeast, but more positive signs were seen during the Black Friday weekend. Sales on Black Friday itself were down year over year, diluted a bit by the decision of many big retailers to start the holiday sales season late on Thanksgiving Day; for the holiday weekend as a whole, US retail sales were up 2.7%. November comps were broadly worse than expected, with very few names able to meet or beat consensus expectations and many others falling well short. The department store names were especially hard hit, with Target, Bon-Ton, Nordstrom's and Kohl's all delivering negative comps. The online retail segment performed very well on Black Friday: comScore reported that online sales rose 26% y/y, hitting a record $1.04B.

- On the M&A front, the week's big story was ConAgra closing its long-running quest to acquire Ralcorp. ConAgra will buy the private-label food firm for $90/share in cash, in a total deal valued around $4.95B ex-debt. McGraw Hill confirmed that it would divest its education business to Apollo Global Management for $2.5B, leaving the firm with its financial services operation. The pursuit of Knight Capital Group heated up, with a $3.50/share bid on the table from Getco and a comparable bid said to be offered by Virtu Financial.

- The EPA temporarily suspended BP from receiving new contracts with the Federal government. The agency cited BPs lack of business integrity surrounding the Deepwater Horizon blowout, explosion, oil spill, and response. Note that BP is one of the largest suppliers of fuel to the US Department of Defense, which announced it would put $2B of contracts that BP currently holds up for an open bidding process when their current term expires in the next two years.

- The torrent of special dividends out of US corporates kept flowing this week. With corporate cash hordes at record high levels and taxes set to rise next year, companies are handing long-term holders a nice payday at today's lower tax rates. Among the most notable was Costco, which declared a $7.00/share that the company said would amount to $3.0B.

- EUR/USD tested and broke out to five-week highs this week, trading as high as 1.3030 after the eurozone managed to hash out the Greece agreement and the German Parliament rubber stamped the deal. Midweek there was a certain amount of skepticism about the deal as German opposition figures tried and failed to delay the Bundestag vote, but it passed through the Bundestag on Friday with the help of votes from the pro-Euro opposition party. In addition, there were still a lot of question about how the Greek debt swap will be handled and whether all eurozone governments are really on board with the deal. Euro-skpetic UK Telegraph writer Ambrose Evans-Pritchard warned that Finland and the Netherlands could withdraw support for the agreement if the IMF does not participate. A late Friday downgrade of the EFSF/ESM European backstop funds by Moody's could also cause ripples next week.

- The yen fell to its lowest level versus the dollar in eight months this week. Traders continued to build up positions on the expectation that more aggressive Bank of Japan policy will unfold following the December 16th elections. LDP party leader Abe and current PM Noda sparred all week long, although both parties have been demanding that an outsider take the reins at the BoJ and pursue more activist policies than current BoJ chief Shirakawa. Late in the week, Nikkei surveys saw the LDP solidly in the lead (23%) while the ruling DPJ (13%) is now running third behind the nationalist Japan Restoration Party (15%).

- China markets extended their dramatic declines this week. The Shanghai Composite cemented its position as the Asia's worst performing index, losing 4.3% for the month of November and 10% YTD. The smooth leadership transition did little to restore faith in the market, given the absence of policy measures from Beijing. On Tuesday the US Treasury released its semiannual currency report and once again refrained from naming China a currency manipulator, but reiterated that the Yuan remains significantly undervalued. Later Friday night, Beijing will publish the key November Chinese manufacturing PMI reading; analysts expect the reading to be around 50.8, up from 50.2 in October. Last week, the HSBC flash PMI climbed to 50.4.



  TradeTheNews

Nov 30 2012

Very nice day with a lot of good trades. GLD short into bounce made Catch of the Day - setup structure should be quite clear from the chart.

Session Time: Fri Nov 30 00:00:00 2012
[09:13] {scottie} good morning
[09:13] {cipher} gm
01[09:13] {Threei}  scottie, cipher :)
01[09:14] {Threei}  sacottie, had to leave yesterday just when the gem of the day was developing :(
[09:16] {dino} gm
[09:19] {scottie} saw that when I read the log :(
[09:19] {ese} gm
01[09:19] {Threei}  dino, ese :)
[09:20] {ese} morning vad
[09:20] {Beau} good morning
01[09:20] {Threei}  beau :)
[09:20] {Will49} gm
01[09:20] {Threei}  will :)
01[09:21] {Threei}  I start thinking FB may be about done...
[09:21] {ese} am not contributing to the board  much these days.........busy time of the year for me along with some very serious medical issues with my mom.......
01[09:22] {Threei}  not read to start shorting at will yet but looking at it ascance
[09:22] {thomcbell} i like it for a short too - with a $26.50 target level
01[09:22] {Threei}  sorry to hear ese...
[09:22] {thomcbell} sorry Ese
[09:22] {ese} don't want to be making to many trading decisions when my brain isn't tatally focused
[09:22] {nemo} oy....that's tough ese...sorry
[09:23] {robbers} Sorry, Ese, been through the Mom thing, even wrote a book about it, very difficult time for all of us.  Thoughts out to you.
[09:23] {ese} tks all........appreciate the thoughts
[09:23] {ese} whats the book robbers?
[09:24] {scottie} best wishes to your mom ese, lost mine a few years ago. Moms are precious
[09:24] {ese} tks scottie
[09:24] {nemo} Mine, sheesh,  11 years ago
01[09:25] {Threei}  8 here
[09:25] {robbers} About her battle with brain cancer and not a happy ending.  About the witty things she said while dying.  Title is "The Last Laugh: Fighting Cancer with Wit and Humor."  But don't recommend it for you, it'd be too close to home.
[09:25] {dino} sorry to hear ese, gl
[09:25] {ese} the issue is cancer......stage 3
[09:26] {robbers} Stage three will hopefully be treatable.
[09:26] {Will49} my thoughts are with you ese
[09:27] {ese} hopefuly.........doing scans now to see if anything has matasticised (correct spelling?)
[09:27] {nemo} no, but who cares
[09:27] {robbers} Ese, later we'll PM, I have something that may help.
[09:27] {nemo} Dive in, grab each and every moment
[09:27] {ese} ok
[09:28] {ese} will heed that advise
[09:28] {robbers} Nemo is right, and always be sure you leave nothing unsaid.
[09:28] {robbers} Moms can never hear:  "I love you" enough.
[09:29] {nemo} It's an unfortunate way, but we learn much about ourselves from these situations
[09:30] {ese} definitely
01[09:31] {Threei} Short Setup: FCX  .05 break hl
01[09:31] {Threei}  If holds  .15
01[09:33] {Threei}  trail to .11
[09:34] {dino} obummer speaks arond noon i think
[09:34] {nemo} yeah
01[09:35] {Threei}  out
01[09:35] {Threei}  maybe overtightening it but it can go either way 50/50 here
01[09:36] {Threei}  wow FB
01[09:36] {Threei} Short Setup: FB  .25 break
[09:36] {ese} l vrsn .49
[09:36] {ese} sm
01[09:37] {Threei}  FB target 1:2
[09:38] {ese} dinos my inspiration on this one
[09:38] {dino} ese gj vrsn, i chickened out
[09:39] {ese} out 1/2 .69 +.20
[09:39] {ese} no brainer news basically
01[09:40] {Threei}  tightening was right on FCX
01[09:40] {Threei}  no go
[09:42] {cipher} ntes l .42
[09:42] {cipher} sndk l.49
01[09:45] {Threei}  *(US) NOV CHICAGO PURCHASING MANAGER: 50.4 V 50.5E
[09:46] {dino} \07 red
01[09:48] {Threei} Short Setup: SLW  37 break
[09:48] {dino} vrsn hl l .40
[09:51] {cipher} sndk stop .45 -.04
01[09:51] {Threei}  1:1
[09:53] {ese} it's gonna take off at some point dino...imo
[09:53] {thomcbell} Vad - for the tea leaves we have been reading on this FB it should have been the month of the year for us
[09:54] {dino} yeah, lets hope before it hits my stop at .24
[09:54] {robbers} Out SLW, thanks.
01[09:55] {Threei}  well, for that we would have to do swing trade on it
[09:55] {ese} i'm at the low of the day with just a couple of hundred
[09:55] {thomcbell} or had been more liberal with the last 25% of long positions with trailing stops
[09:55] {dino} out vrsn .74, +.34
[09:55] {ese} i'm actually thinking this thing might be good for a couple of bucks next day or 2
[09:56] {ese} well done
[09:56] {dino} ty
[09:56] {robbers} gj
[09:56] {dino} no swings with cliff sh#t talk all day all month
01[09:56] {Threei}  eqzaktly
01[09:56] {Threei}  why are you so optimistic on VRSN ese? looks like bad news all around
01[09:57] {Threei}  and daily chart is badly broken
01[09:57] {Threei}  this kind can drop a lot
[09:58] {ese} yup.......stops in at low of the day
[09:58] {dino} gco odd, beats and raises, -4
[09:59] {dino} sm l gco .90, gappy sucker
[09:59] {ese} am counting on big short cover
[10:00] {ese} news is not good for sure but a 15.00 hair cut might be a little over done
[10:00] {ese} from 50.00
01[10:01] {Threei}  who is to say how much this or that news development costs?
[10:01] {ese} ouuuuuuu almost stopped out there
01[10:02] {Threei}  10/26 big gap down, notice that it never got filled
01[10:02] {Threei}  instead we got another one
01[10:02] {Threei}  this is not a sign of any health
[10:02] {dino} just remember, discipline trumps conviction
[10:03] {cipher} splk l.20
01[10:05] {Threei}  frikin FB rinsed first short
[10:06] {cipher} out splk .49 +.29
[10:06] {dino} gj
01[10:06] {Threei} Short Setup: FB  .10 break
01[10:07] {Threei}  If holds  .20
[10:07] {thomcbell} this splk going much lower over next few days
[10:08] {thomcbell} growth rate slowing -
[10:08] {cipher} splk reload .35
[10:08] {thomcbell} rev multiple is absurd
[10:09] {dino} bunch of fundy guys here today. whats happening to this room :)
01[10:09] {Threei}  1:1
[10:09] {scottie} not in, too fast for me
[10:10] {Will49} same
[10:10] {robbers} out FB, thanks again.
[10:10] {dino} gj
[10:11] {thomcbell} 26.50 is a serious support level short term in my opinion - humble opinion rather on FB
[10:11] {cipher} splk stop .25 -.10
01[10:11] {Threei}  1:2
01[10:12] {Threei}  out in full here
[10:16] {dino} pir hl l .25
01[10:16] {Threei} Long Setup:  LVS  .60 break
01[10:17] {Threei}  If holds  .45
01[10:17] {Threei}  fast...
[10:18] {cipher} splk l .28
[10:18] {ese} come on vrsn...........200 the easy
[10:19] {ese} $1  is that too much to ask
[10:19] {scottie} Vad, is lvs l .60 ?
[10:20] {ese} stop to .00 vrsn
01[10:20] {Threei}  oh crap
01[10:20] {Threei}  no
01[10:20] {Threei}  .50 that was
[10:20] {dino} tsro, drop into gap
01[10:20] {Threei}  mistype
[10:20] {scottie} damn, I'm in at .61
01[10:20] {Threei}  quick dive under .50, recross while holding .45...
01[10:20] {Threei}  sorry
01[10:21] {Threei}  it still looks OK
[10:21] {Will49} in at .61 also
01[10:22] {Threei}  but... didn't it look strange that call had such wide stop, was made that far from trigger and I added "fast" while it was there?
[10:22] {Will49} yes stop was strange
01[10:22] {Threei}  it's still a valid setup here, stop under .50
[10:22] {scottie} that was that fast... that brought my question
[10:24] {ese} vrsn to .25
[10:24] {cipher} out splk .79 +.51
[10:25] {cipher} too soon damn
[10:25] {cipher} avgo l.08
[10:26] {dino} gj
[10:26] {cipher} ty
01[10:27] {Threei}  trail to .54
01[10:27] {Threei}  target 1:2
[10:29] {ese} ya got yer money ana ya got yer shares so ya wanna be talkin yer money manaagament stratagis here..........ya got yer vrsn stop ta now .40
[10:30] {ese} i coulda nah patentiate make $35 of yer dollars taday.......t's the mother of loads
[10:31] {nemo} I'll leave that one alone
[10:31] {ese} lol
[10:31] {dino} ditto
01[10:35] {Threei} Long Setup:  FB  27 break
01[10:35] {Threei}  If holds  .95
[10:36] {dino} yum app lod
[10:43] {nemo} red picking up a bit
01[10:43] {Threei} Short Setup: CAT  .55 break hl
01[10:44] {Threei}  change to .60 break
01[10:45] {Threei}  Invalidated
[10:46] {thomcbell} pdce 35.74 break if holding 35.84
[10:48] {thomcbell} looks like FB 27.01 break is valid again
[10:48] {thomcbell} and now probably have some shorts here
01[10:48] {Threei}  I think so
[10:48] {thomcbell} with 27.01 stop
[10:50] {dino} pretty good drop
01[10:50] {Threei}  (EU) Hearing chatter on twitter that ESM and EFSF could be downgraded soon- Chatter on twitter suggests Moodys could be looking to downgrade the funds
[10:51] {thomcbell} fb possibly two sided here 26.90 break
01[10:51] {Threei}  but I thought Europe has been fixed?
[10:52] {thomcbell} hehe
01[10:52] {Threei}  on second thought... consider that a double entendre
[10:53] {ese} have a great weekend all hopefully see you monday
[10:53] {scottie} ese
[10:53] {Will49} cya ese
[10:54] {Will49} means see you
[10:54] {dino} ovti hl l .78
[10:56] {cipher} sndk l .08
[11:01] {cipher} out .20 +.12
01[11:09] {Threei}  (US) White House: Debt plan presented by Treasury Sec Geithner yesterday was precisely what the Presidential campaign was about- Note: Comments come in response to the GOP's rejection of the plan yesterday as 'not serious'
01[11:10] {Threei}  believe it or not, but that plan included STIMULUS
[11:10] {dino} 1.7t in taxes + 50b stimulus. he just doesn't get it
01[11:11] {Threei}  can it be that consiracy theorists were right, and he does? and does it deliberately, to finish off the country?
[11:11] {dino} i would rather see cliff than more spending
01[11:11] {Threei}  I just can't think of any plausible explanation
01[11:12] {Threei}  how can anyone in his position, seeing what deficit and debt do to the country continue doubling down on this path
[11:12] {dino} he just doesn't get it
01[11:12] {Threei}  I don't understand how it's possible
[11:13] {dino} egomaniac
01[11:13] {Threei}  hoi poloi might not get it
01[11:13] {Threei}  but he has all information laid out before him
[11:13] {dino} as he says, "i am smarter than my advisors"
[11:14] {Will49} your mistaking him for someone that gives a s***
01[11:14] {Threei}  well, come on
[11:14] {dino} roflol, but you are right will
01[11:14] {Threei}  what president wants his legacy to be destruction of the country
[11:15] {Will49} very few politicians who will do "the right thing". They are focussed on "getting theirs" first
01[11:15] {Threei}  that's normal for the first term
[11:15] {Will49} the "me" generation at work
01[11:15] {Threei}  but second is for legacy
[11:16] {dino} well, he's a socialist, so....
01[11:16] {Threei}  I had tiny sliver of hope that now without another election ahead he might get serious
01[11:17] {Threei}  now, what's the difference between ignorance and apathy?
[11:17] {Will49} is it better to not know? or better to know and not care?
01[11:17] {Threei}  "I don't know and don't care"
[11:18] {Will49} :)
01[11:18] {Threei} Short Setup: CAT  .80 break
01[11:18] {Threei}  hl
01[11:18] {Threei}  If holds  .90
01[11:18] {Threei}  seriously, I want someone of my left-leaning friends to try and explain it to me
01[11:19] {Threei}  how can it be that they want more stimulus now under the disguise of deficit-cutting plan
[11:19] {thomcbell} SPLK looks squeezable
01[11:20] {Threei}  {SPLK} stop with sexual innuendos
[11:20] {dino} you must come to the dark side 3i
01[11:20] {Threei}  1:1
01[11:21] {Threei}  I though I did when I put strong preferences on dark beers
[11:22] {cipher} cvlt l.72
01[11:23] {Threei} Short Setup: GLD  .25 break
01[11:23] {Threei}  If holds  .35
01[11:30] {Threei}  1:1
[11:31] {scottie} +.18 gld tks Vad
01[11:31] {Threei}  1:2, out
01[11:31] {Threei}  awww, too soon
01[11:31] {Threei}  so very too soon
[11:31] {scottie} +.18 cat as well
01[11:31] {Threei}  :)
[11:31] {Will49} .22
01[11:31] {Threei}  CAT 1:2
[11:32] {cipher} avgo l .09
[11:32] {cipher} out .23
[11:36] {dino} gj scott, cipher
[11:36] {cipher} out cvlt .03 +.31
[11:37] {cipher} ty
[11:37] {scottie} tks dino
[11:40] {scottie} OVTI l 15 ?
01[11:41] {Threei}  probably
[11:41] {scottie} in .01
[11:42] {dino} i'm in at .78
[11:42] {Will49} in .01
[11:43] {scottie} from 10:55 I see dino
[11:45] {scottie} don't tell me I'm doing one of your trades
[11:45] {scottie} that's scary
[11:46] {Will49} dino....aren't you bored with a 1 cent spread?
[11:46] {Will49} no adrenalin rush there
[11:46] {dino} yeah, bored out of my mind w/it
[11:47] {scottie} I love boring profitable trades :)
[11:48] {dino} stop to .98 on ovti
[11:49] {Will49} really loved that quick 1:3 on GLD though
[11:50] {dino} out ovti +.20
[11:51] {scottie} gj dino
[11:51] {thomcbell} this FB still very impressive how it holds
[11:52] {nemo} remember Obama speaking at 12
[11:52] {Will49} get the nose plugs ready
[11:52] {nemo} I would be flat if I were you
[11:53] {nemo} Boehner gonna' speak at 12:45
01[11:53] {Threei}  pattern ;lately is dfor the market to sell off when Obama speaks
[11:54] {scottie} out ovti flat
[11:54] {Will49} me too
[11:59] {Will49} see how we follow orders? :)
01[11:59] {Threei}  OK, what are our short candidates in case both speakers fail to inspire
01[12:00] {Threei}  and when I say "fail to inspire" I mean "do as usual"
[12:00] {Will49} AIG?
01[12:00] {Threei}  looks decent
01[12:00] {Threei}  JPM
01[12:00] {Threei}  41 break
01[12:01] {Threei} Short Setup: JPM  41 break
01[12:01] {Threei}  If holds  .10
01[12:03] {Threei} Short Setup: AIG  .10 break
[12:04] {scottie} jpm not in short list
01[12:04] {Threei}  lol... "I already miss the time on the campaign"
01[12:04] {Threei}  campaigner in chief
[12:12] {Will49} looks like a snoozer
[12:12] {Will49} the reaction that is
[12:13] {dino} ]sounds like he's still campaigning
01[12:13] {Threei}  absolutely
01[12:15] {Threei}  die AIG
01[12:15] {Threei}  let's trail to .16
[12:20] {Will49} here comes boner
[12:22] {thomcbell} FB day low
01[12:23] {Threei}  1:1
01[12:24] {Threei}  (US) President Obama: The long-term goal of fiscal cliff talks is to get the deficit under control, believes Democrats and Republicans can work together to solve the problem- Nothing is easy in Washington, DC, expects prolonged negotiations. - Priority is the package of middle class tax cuts. Urges House to pass senate bill that would extend middle-class tax cuts. - Some Republicans in Congress are coming around to my balanced approach.
01[12:25] {Threei}  BALANCED APPROACH??
01[12:25] {Threei}  more stimulus in place of spending cuts?
01[12:25] {Threei}  where is my asteroid
01[12:25] {Threei}  I want off this planet
01[12:26] {Threei}  who's with me, claim your place now but you bring beer
[12:27] {Will49} there's ice on mercury
01[12:27] {Threei}  next round of selling in 20 min when Boehner comes to the mike?
01[12:27] {Threei}  hmmm... that'd be handy with that beer
01[12:27] {Threei}  and we could fry bacon on sunny side
[12:28] {dino} lol
[12:47] {scottie} ABV s .40 ?
01[12:48] {Threei}  yes
01[12:48] {Threei}  Boehner is on
[12:48] {nemo} what did Boehner say?
[12:49] {nemo} nice shakeout
01[12:52] {Threei}  "we are almost nowhere"
01[12:53] {Threei}  (US) House Speaker Boehner: President Obama's proposals will hurt small businesses; reiterates the focus should be on spending; "there is a stalemate" and "right now we're almost nowhere"- Notes that Republicans want a bipartisan solution that can pass through both houses - Says that GOP original framework provided still holds, want to raise taxes through removal of loopholes }- Comments that the GOP is willing to work with the President; finding common ground is better soon rather than later.
[12:57] {scottie} ABV two sided ?
01[12:57] {Threei}  I wouldn't take long on it
01[12:57] {Threei}  doesn't look right
[12:57] {scottie} ok
[12:59] {scottie} ERJ l. 25 ?
01[13:00] {Threei}  aggressive entry
01[13:00] {Threei}  .95 break
[13:02] {scottie} in .96
[13:03] {scottie} stop .87
[13:03] {Will49} with you
[13:03] {Will49} if that makes you feel any better
[13:03] {scottie} let's get them
[13:04] {scottie} I mean THEM
[13:04] {Will49} charge!
01[13:04] {Threei} Short Setup: GLD  166 break
[13:04] {nemo} groundhog day
01[13:04] {Threei}  If holds  .10
01[13:04] {Threei}  THEM be gotten
01[13:04] {Threei}  hmmm... was it english?
[13:04] {Will49} them that has will get
[13:07] {scottie} out ERJ
01[13:08] {Threei}  that was weird
[13:08] {Will49} still in
[13:10] {scottie} Especially designed to shake me out :)
01[13:11] {Threei}  Explosion rocks the Social Security Administration building in Casa Grande, Arizona; no injuries reported
01[13:11] {Threei}  hmmm
01[13:12] {Threei}  1:1 GLD
01[13:16] {Threei}  Obama: not acceptable for 'handful of republicans' to hold middle-class tax cuts hostage to preserve tax cuts for wealthy
01[13:16] {Threei}  what a gross misrepresentation of opponent's position
[13:16] {Will49} out .87
[13:16] {thomcbell} does that ever matter?
01[13:17] {Threei}  1:2, out
[13:19] {dino} ssys drop
[13:20] {scottie} +.19 gld tks Vad
[13:20] {thomcbell} Sissyphus
[13:20] {dino} gco hl l .75
01[13:20] {Threei}  yw
01[13:21] {Threei}  tbell... what?? :)
01[13:21] {Threei}  lol
[13:21] {thomcbell} ssys
[13:21] {dino} jwn hl l .00
01[13:24] {Threei}  wow GLD
01[13:24] {Threei}  can we have a mulligan?
[13:24] {scottie} lol
[13:24] {scottie} will, looks like ERJ managed to shake us both out
[13:25] {Will49} yeah, and because i can only do one trade at a ime, i missed gld
[13:25] {Will49} time
[13:25] {Will49} gotta upgrade laser
[13:25] {Will49} too cheap to buy the pro version
[13:26] {scottie} the worst of both situation :(
[13:26] {Will49} figured id i can't break even doing one trade at a time, would likely die trying to do two
[13:27] {Will49} if
[13:28] {Will49} but...there is gradual improvement...very gradual
[13:31] {thomcbell} splk trying again here
[13:32] {thomcbell} so much for fundies
[13:32] {nemo} is that short for fudged undies?
[13:33] {thomcbell} clearly someone has some of those
[13:34] {thomcbell} look at bid on FB
[13:34] {thomcbell} at 27.27
[13:34] {thomcbell} hehe
[13:37] {thomcbell} short setup fb 27.27 break if holding 27.38
01[13:37] {Threei}  sheesh... trading lesson, for when you have 3 min free: http://goo.gl/JMhEi
[13:40] {dino} out gco +.25
[13:42] {thomcbell} fcx looks decent too
[13:42] {thomcbell} short
03[13:49] * Retrieving #discussions modes...
[13:55] {thomcbell} FB invalidated
[13:55] {thomcbell} looks like it might make a run long
[14:04] {dino} gco hl l .33
[14:18] {dino} jwn to .20
01[14:18] {Threei}  (US) House Minority Leader Pelosi (D-CA): President is prepared to sign the middle class tax cut; if no vote occurs, Democrats will file a 'discharge petition'- Highlights overwhelming support for allowing upper rates to expire - Hopeful talks are not at a stalemate (Note: Earlier Boehner described talks at a stalemate); notes that there was nothing new McConnell's entitlement ideas (McConnell suggested means testing and increase in age eligibility requirements for entitlement programs). - Note: A 'discharge petition' would bring the bill to the floor without cooperation of the leadership (Note: Earlier Hoyer requested the House vote on the Presidents bill to extend tax rates for earnings under $250K, a request which was rebuffed by House Republican leadership)
[14:21] {dino} jwn to .24
[14:23] {dino} to .28
[14:24] {scottie} RHI s 28 ?
01[14:25] {Threei}  probably but we need market to reverse for that
[14:25] {scottie} I see
[14:25] {dino} to .32
[14:26] {dino} markets want up
[14:26] {dino} out jwn .32, +.32
[14:26] {scottie} great dino
[14:26] {dino} thx scott
[14:31] {scottie} in .99 stop .08
[14:35] {dino} pbm drop, gap around 5.90
[14:42] {scottie} stop .05
[15:03] {scottie} out
[15:03] {scottie} 1 cent from 1:1
[15:04] {dino} thing doesn't move much
[15:11] {dino} yum hl l .01
[15:16] {dino} mygn drop
01[15:17] {Threei}  trying to get a feel for the last play
01[15:18] {Threei}  fairly decent day as it is, but I am greedy sob
[15:19] {cipher} +.72 mygn thx dino
01[15:19] {Threei}  wtg
[15:19] {dino} gj
[15:19] {dino} .28 hl l mygn
[15:20] {cipher} got out too soon
[15:20] {cipher} is it halted?
[15:20] {dino} out mygn 29.34, +1.06
[15:21] {cipher} stopped trading
[15:21] {dino} i'm out 15:20:01
[15:21] {cipher} I'm out too
[15:21] {dino} was in 15:19:10
[15:22] {cipher} they halted it right after it came back up
01[15:22] {Threei}  yes
01[15:22] {Threei}  circuit breaker
[15:22] {dino} supreme court accepts appeal
[15:22] {dino} mygn
01[15:23] {Threei}  -Myriad Genetics Inc Generic drug makers said to be granted Supreme Court review in Myriad gene patent case - financial press **NOTE: on March 26, Supreme Court of the United States remanded the case of The Association for Molecular Pathology, et al., v. Myriad Genetics, Inc., et al (Docket No. 11-725) to the Federal Circuit Court of Appeals, to reconsider their decision dated July 29, 2011, which upheld Myriad's gene patents. -
[15:24] {dino} glad we got out cipher
[15:24] {cipher} yep
[15:25] {dino} i'll see if i can find us one more before close
[15:25] {dino} mygn open, dropping
[15:27] {dino} yum stop -.11
01[15:32] {Threei} Short Setup: MSFT  .50 break
01[15:32] {Threei}  If holds  .60
01[15:37] {Threei}  Some Suggesting Mitt Romney for Treasury Sec - CNBC
01[15:37] {Threei}  must be a joke
[15:38] {nemo} geez...he'd be able to liquidate all his positions and not pay capital gains
[15:38] {dino} lol
[15:38] {nemo} that's what Paulsen did
[15:40] {dino} i cannot imagine obummer bringing his biggest rival into the click
[15:40] {nemo} sure...keep your friends close, keep your enemies closer...
[15:41] {Will49} or even into the clique
[15:41] {nemo} yeah, I leave dino alone on that stuff
[15:41] {nemo} Dino's the black sheep I don't pick on
[15:41] {dino} lol nemo, you know me thick skinned
[15:42] {nemo} Yeah, but for some reason I don't
[15:42] {nemo} It may be you don't stick your chin out enough
01[15:42] {Threei}  if Mitt agrees to this, I'll loser whatever respect I had him
[15:42] {dino} i know. you band i are long timers here buddy
[15:43] {nemo} yeah, it's been a little while
01[15:43] {Threei}  becoming a figurehead legitimizing the administration while not being able to implement any of your views
[15:43] {dino} think vads only one here longer
[15:43] {nemo} @Alert and Raven, when he shows up
[15:43] {Will49} and here the new guy has the termidity to trash one of you
[15:43] {Will49} my my
[15:44] {nemo} I'll take this one:  even temerity
[15:44] {Will49} temerity
[15:44] {Will49} beat you :)
[15:44] {nemo} check again
[15:44] {dino} it's called reality trading typing
01[15:45] {Threei}  where "beer" replaces "bread" and is not even considered a mistype
[15:45] {dino} and really, i would think obummer would want romney at least a click away, :)
[15:45] {Will49} termidity = being an ahole during periods of high humidity
[15:45] {dino} roflol
[15:45] {nemo} amazing how everything is basically at vwap and pivot
[15:45] {dino} i'm thanking you nemo, that vwap site has helped me a lot
[15:46] {nemo} but they look like a drop
[15:46] {nemo} it's amazing how often stocks make runs for them, and the indexes do it on a daily basis
[15:46] {nemo} Institutions are paid by making vwap for clients
[15:46] {nemo} so it's a natural draw
[15:46] {dino} ahh
01[15:47] {Threei}  it started with what nemo said,
[15:47] {dino} you are much more educated in the indicators than i
01[15:47] {Threei}  then added factor appeared when some trading strategies started incorporating this
[15:47] {nemo} pivot levels have been around forever
01[15:48] {Threei}  yes, but VWAP is relatively recent
[15:48] {nemo} yes
01[15:48] {Threei}  not sure exactly, but I'd think within last decade
[15:53] {dino} calling it a day. thx all, tougher one, ut still profittable. thx all for ideas
[15:54] {dino} ut=but
01[15:54] {Threei}  Thank you all
[15:54] {Will49} have a great weekend eveyone
01[15:54] {Threei}  have a great weekend
01[15:54] {Threei}  see you Monday
[15:54] {scottie} See you all monday, tks
[15:54] {nemo} wow 3billion buy imbalance spy on close
[15:55] {nemo} spy going for the 50 sma.  New mutual fund money monday, probably gap up