Nemo's Findings week of 2/24/2013

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

O.K. so we got a little rinse on Thursday....which we promptly recaptured 61.8% of it on Friday.  Checking for Chicken Littles.  I mentioned how the Semesterly R1 has been providing support for awhile.  This low did not get back to test it.  For those of you keeping score at home the low on Thursday in SPY, which basically tested the 23.6% retracement from the Dec 31 low to the Tuesday high.  So, IMHO, and we know how they are like a certain bodily orifice and they all stink, we now have reasonable support at the 150 level, in that whole numbers are always areas of support.  That 23.6 level is close enough for government work to the 150 level, and............  the SR1 at 149.48 which looks like the bottom floor of current support.

Also, IWM is also showing significant supports at the Semesterly R1 at 88.80ish, and finnies, by way of the FAS are showing significant support at the Yearly R1 at 140.80ish, with secondary support at the Quarterly R2 around 142.90ish.  Bonds in the TLT have been running in a $2 range since the end of January.  I'm also watching the VXX more closely.  It's showing signs of bottoming...we'll see.

Oh...one more thing for those of you keeping score at home.  Ya' know how they always say Price and Volume are king, and that all indicators are derivatives, yada, yada, yada?  Interesting thing on Thursday, which is not new by the way in these days of algo trading.  

So, there I was, watching the drop on Thursday, looking for clues as to the turn, especially that heralded volume.  SPY...nothin'   IWM...nothin'   FAS...nothin'  Now, I don't have the volume in the chart from Thursday, but trust me, I was looking.  There was no capitulation volume signals at the bottom, but notice the levels at which simultaneously IWM, SPY, and FAS bottomed.  Funny how that works....

The week that was:

The week that is:

 

Market Week Wrap-up

Market Week Wrap-up

TradeTheNews.com Weekly Market Update: Rally Stalls As FOMC Minutes Expose Fed Anxiety About Easy Policy


- US equity markets were more or less flat for a second consecutive week as market participants kept their fingers on the pause button after a three month rally. In Europe, jitters about the Italian political situation threatened to move the eurozone crisis back to center stage. Weak February Eurozone and French manufacturing PMI data were offset by German PMI data returning to growth for the first time in a year and the February IFO survey indicating continued improvement. In the US, traders fixated on the minutes of the January FOMC meeting, which detailed the sharpening debate over when to begin withdrawing the punchbowl. The implosion in metals did not let up, with Comex gold ending the week at a seven-month low around $1,573, and copper futures diving nearly 6% to test two-month lows. China dragged down Asian markets as Beijing discussed stronger measures to curb speculation in property markets; the Shanghai Composite fell close to 5% on the week. US markets were closed on Monday for President's Day. For the week, the DJIA gained 0.1%, the S&P 500 lost 0.3% and the Nasdaq dipped 0.9%.

- The FOMC minutes certainly did not signal any material change in Fed policy, however the hawks are definitely stirring as anxiety grows on the committee about monthly bond purchases. The mintes read that "an ongoing evaluation of the efficacy, costs, and risks of asset purchases might well lead the committee to taper or end its purchases before it judged that a substantial improvement in the outlook for the labor market had occurred." Analysts say the skeptical tone in the minutes suggest that the debate has shifted to the question of when to scale back purchases rather than when to end them.

- Managed care names moved on Tuesday after The Centers for Medicare and Medicaid Services (CMS) offered new Medicare Advantage rate guidance. Last Friday after the close, CMS published preliminary 2014 reimbursement rates for public comment. Humana commented that the preliminary rates would drive a mid-single-digit decline in the company's Medicare Advantage payment rates, while a Citigroup analyst warned the proposals would reduce payments to plans by 7-8%. Most of the managed care names fell around 4% after the announcement, while Humana dropped 8%.

- Walmart offered a mixed Q4 report. Earnings grew solidly and beat expectations but revenue was lower than expected. The company confirmed that February comps were weak (in line with a leaked internal memo out last week), blaming a delay in income tax refunds, but it also said that comps had normalized by mid-month. In other retail earnings, both Nordstroms and Abercrombie headed lower after solid headline numbers but very weak FY13 forecasts.

- The January retail sales data out last week showed little indication that the withdrawal of the payroll tax cut was holding back consumer spending. Retail firms offered commentary on the issue this week. Walmart made lemons into lemonade saying lower paychecks, plus higher gasoline prices, only made their pricing strategy more attractive for consumers. Darden said it is facing "difficult headwinds" from increased payroll taxes and rising gasoline prices. Clorox said it would see a modest impact from the payroll tax change. Grocer Safeway is expecting no sales decline from the change.

- While there were no more megadeals announced this week, the heightened pace of M&A continues. Office Depot reached a deal to combine with rival OfficeMax in a $1.2B all-stock merger of equals. OfficeMax shareholders will get 2.69 ODP shares for each share they own, valuing the company at $13.50/share. Prepaid gift card firm NetSpend agreed to be acquired by TeleCommunications Systems for $16/share, in a total deal valued at $1.4B. KKR reportedly submitted a final $75/share bid to acquire Gardner Denver, whose board will meet next week in order to consider whether to accept the offer. Shares of mining equipment firm Joy Global jumped on intensified rumors that a deal to acquire the firm was in the works, although Joy's management dismissed the speculation.

- The euro weakened due to headwinds from another round of terrible European economic data and the uncertainty around the impending elections in Italy. Italians go to the polls on February 24th and 25th to elect a new government. Four mutually antagonistic groups are in the running: Bersani's Democratic Party, Silvio Berlusconi's allies, Beppe Grillo's Five-Star Movement and forces allied with current technocratic PM Monti. Two weeks ago, yields on Italian 10-year government debt surged on news that Berlusconi was gaining in the polls on campaign promises of rolling back many austerity measures, although the gains were reversed last week. Italian benchmark yields rose again this week, although that likely had more to do with risk-off trading in global markets. The press also shined the light on Grillo's left-leaning populists this week -- Grillo has said he supports renegotiating Italy's debt obligations with creditors.

- The greenback saw a mid-week surge after the release of the FOMC minutes, sending the US Dollar Index to its highest level since last September. EUR/USD pushed to six-week lows in the wake of the terrible economic data out of Europe, the uncertain Italian situation and news that France may be facing an EU "excess deficit procedure." On Friday, European banks repaid €61.1B which was below expectations of €130B, further weakening the euro.

- The pound extended its downtrend this week, with GBP/USD marking a two-and-a-half year low. BoE Governor Weale said a weaker pound might be needed to narrow the UK current account deficit and there were rumors of an imminent UK sovereign downgrade (though this would be especially unlikely ahead of the UK spring budget, which is due on March 20th). However, the BoE minutes countered this dovish tone with news that the most recent vote to increase QE narrowed to 6-3 versus the 8-1 votes seen over the past three months. The MPC also considered cutting the repo rate nearer to zero, buying other assets, and changing the interest paid on reserves. The vote put Governor King in the minority for only the fourth time in his 10 years as the BoE chief. GBP/USD tested 1.5310 following the release of the minutes. Cable elected stops in thin trade which fueled a push under 1.5135.

- The yen saw its lowest levels of the week against the USD on Monday after the official G20 communique did not specifically mention Japan's policies. However, USD/JPY is having trouble getting above the 95 handle. PM Abe and Finance Minister Aso seemed at odds: Abe said that if the BoJ was unable to achieve the 2% inflation target the government would work to rewrite the central banking law, while Aso later said the government would not considering changing the law. There were also reports that the two men disagreed over candidates to replace Shirakawa as BoJ governor, with the announcement due out next week. Difficulties in USD/JPY breaching the 95 handle helped trigger some squaring of JPY shorts.




TradeTheNews

Feb 22 2013

All winning streaks come to an end sooner or later - our's, month-long, ended today. Nothing drastic as a few winning trades repaired most of damage but still, ended negative. Can't win them all.


Session Time: Fri Feb 22 00:00:00 2013
[09:05] {dino} gm
01[09:07] {Threei}  morning dino
01[09:07] {Threei}  I guess it's time to stop pretending it's weekend... and wake up
[09:08] {patel} Good Morning Trader!!!
[09:08] {patel} Traders
01[09:08] {Threei}  oatel :)
01[09:08] {Threei}  o=p...
01[09:08] {Threei}  morning typing..
[09:08] {jdetente} gm!
01[09:09] {Threei}  (which is no better or worse than afternoon one)
01[09:09] {Threei}  jd :)
[09:10] {scottie} good morning
01[09:10] {Threei}  GLD is getting dumped... again
01[09:10] {Threei}  scottie :)
01[09:15] {Threei}  where is nemo.... I feel uneasy when we can't keep an eye on him. Who knows what he is doing with his army of fighting rabbits
[09:15] {_sable1wolf} morning
01[09:16] {Threei}  morning wolf, welcome to the room
[09:16] {_sable1wolf} thank you, looking forward to learning today
[09:17] {cipher} gm
01[09:17] {Threei}  cipher :)
[09:21] {Will49} Morning :)
01[09:21] {Threei}  will :)
[09:23] {ese} morning
[09:23] {dptl} gm
01[09:23] {Threei}  ese :)
01[09:24] {Threei}  dp :)
[09:24] {ese} dddddddddddppppppppppp!!!!!!!!!!!!!!!
01[09:24] {Threei}  OK, ese is here and nemo is not - does it mean nemo is plotting something, or ese has won against fighting rabbits?
[09:24] {dptl} :)
[09:24] {ese} am gonna have to do that for patel now
[09:24] {ese} pppppppppppppppppppttttttttttttttttttttttttttttt!!!!!!!!!!!!!!!!
[09:25] {ese} lol
01[09:25] {Threei}  filming is over, ese?
[09:25] {ese} yes
01[09:25] {Threei}  cool
01[09:26] {Threei}  (US) PIMCO's Bill Gross: Believes Central banks are in charge of markets at the moment- tv interview- Not seeing great rotation into stocks
01[09:26] {Threei}  heh
[09:26] {ese} very interesting process............we've done it a couple of times before but I keep forgetting how difficult it is
01[09:26] {Threei}  what he is saying is, Fed run the market up singlehandedly by its money injection
01[09:26] {Threei}  what a novel thought... why didn't we think of that before
[09:26] {ese} it's a melding pot of 3 different types of sound and visual media
01[09:27] {Threei}  3?
[09:27] {thomcbell} aig a beast
01[09:27] {Threei}  sound, visual...
01[09:28] {Threei}  there are 3 types of people... those who can count and those who can't
[09:28] {ese} yes...sound reinforcement(live sound) recording sound and the audio visual..........the way all 3 have to be synced up to make it work is a very interesting process
01[09:28] {Threei}  watching SLW for short
01[09:28] {Threei}  notice how it formed long upward tail yesterday
01[09:29] {Threei}  rejection
01[09:30] {Threei}  AIG for long on pullback
01[09:30] {Threei}  and FB for short
01[09:30] {Threei} Short Setup: FB  .55 break
01[09:30] {Threei}  If holds  .65
01[09:31] {Threei}  missed AIG, way too fast
01[09:31] {Threei}  SLW hasn't settled spread yet
01[09:32] {Threei}  1:1 FB
[09:33] {dino} out elli yesterday leftovers, .54, +.30
01[09:33] {Threei}  AIG, watching for double bottom
01[09:34] {Threei} Long Setup:  AIG  .30 break hl
01[09:34] {Threei}  If holds  .20
01[09:34] {Threei}  Invalidated
01[09:36] {Threei}  SLW got away
[09:38] {thomcbell} short setup qcom 65.16 break if holding 65.26
01[09:38] {Threei} Long Setup:  AIG  .85 break hl
01[09:38] {Threei}  If holds  .75
01[09:39] {Threei}  Invalidated
01[09:40] {Threei} Short Setup: SLW  .10 break
01[09:40] {Threei}  If holds  .20
01[09:41] {Threei}  quite hectic opening
[09:42] {cipher} esrx l .87
[09:43] {cipher} out .95 +.08
01[09:44] {Threei}  no go SLW
[09:44] {patel} dang it
01[09:45] {Threei} Long Setup:  AIG  .80 break hl
01[09:45] {Threei}  If holds  .70
[09:46] {dino} 07 red
[09:46] {thomcbell} qcom 1:1
01[09:46] {Threei}  target 1:3
[09:47] {cipher} fslr l .20
[09:48] {jdetente} stopped
[09:48] {dino} ahs?
[09:48] {thomcbell} qcom 1:2
[09:48] {cipher} out fslr .05 -.15
[09:48] {jdetente} ugh
[09:49] {thomcbell} out there
01[09:49] {Threei}  1:1
[09:49] {scottie} +.09 tks
[09:50] {cipher} ahs l .81
01[09:50] {Threei} Long Setup:  FB  .50 break
[09:50] {dino} ahs sm l .93
01[09:50] {Threei}  If holds  .40
[09:51] {cipher} out ahs .08 +.27
[09:52] {cipher} thx dino
[09:53] {cipher} ctr l.56
[09:53] {cipher} ctrp
01[09:54] {Threei}  can't say that I am delighted with this morning so far... flurry of activity, very little of it is readable
[09:54] {cipher} out .48 -.08
01[09:55] {Threei}  FB 1:2 would make up for nemo absence though
[09:55] {jdetente} I found nemo
[09:55] {jdetente} http://a.tgcdn.net/images/action/large/211ecf5.jpg
01[09:55] {Threei}  lol
01[09:56] {Threei}  so have I: http://goo.gl/VnnE1
[09:56] {jdetente} hehe
01[09:57] {Threei} Short Setup: CAT  .95 break hl
01[09:57] {Threei}  If holds  .05
01[09:58] {Threei}  FB triangle
01[09:58] {Threei}  break is coming
01[09:58] {Threei}  which way is a mystery
[09:58] {Will49} :)
01[10:00] {Threei}  no go CAT
01[10:04] {Threei}  come on FB
01[10:04] {Threei}  .55 is last line of bear defense
01[10:05] {Threei}  finally
01[10:06] {Threei}  now pretend your name is Forest
01[10:06] {Threei}  Forest Gump. People call you Forest Gump
[10:08] {jdetente} FB needs to stop loitering
[10:08] {jdetente} get a move on here
06[10:08] * Threei kicks FB in the rear
[10:09] {patel} pokes FB
01[10:09] {Threei}  let's see if violence helps
[10:10] {cipher} ahs l .91
01[10:10] {Threei}  everything is right on this chart... bottoming out, ascending channel, volume is configured well, resistance levels are clearly defined and being taken out... what's your frikin problem FB
01[10:11] {Threei}  let's trail stop to .44
[10:11] {cipher} eqix l .11
[10:12] {cipher} out ahs .17 +.26
[10:14] {dino} gj
06[10:15] * Threei slaps nemo around a bit with a wild rabbit
06[10:15] * dino slaps nemo around a bit with a large trout
[10:15] {cipher} out eqix .67 +.56
[10:15] {nemo} sorry...I was otherwise occupied
01[10:16] {Threei}  that's OK, it gave us a chance to prepare for your grand entrance
01[10:16] {Threei}  and make it really grand
[10:16] {jdetente} we have evidence of where you were nemo
[10:16] {jdetente} http://a.tgcdn.net/images/action/large/211ecf5.jpg
[10:16] {jdetente} or more importantly what you were doing
[10:16] {nemo} oh, to be that young again
01[10:18] {Threei}  crap
01[10:18] {Threei}  prepared LVS alert 50 break
01[10:18] {Threei}  thing exploded while I typed
01[10:18] {Threei}  out FB
01[10:19] {Threei}  ok, this morning officially sucks
[10:19] {patel} yes. I think I am done for the day.
[10:19] {dino} out ahs .63, +.70
[10:19] {cipher} eqix wow... left 2 bucks on the table
[10:20] {dino} wtf ahs left .50 on table
[10:21] {dino} thought 20dma would pause, cut thru it like hot knife thru butter
[10:21] {jdetente} man lot of red so far this morning boo
01[10:22] {Threei} Long Setup:  LVS  50 break hl
[10:22] {dino} red green, whats the difference?
01[10:23] {Threei}  If holds  .90
01[10:23] {Threei}  frikin first losing day in a month, and it's not even 1 hour in the day... what's with widespread whining?
01[10:24] {Threei}  has to be nemo's fault
[10:24] {dino} always is
[10:24] {jdetente} not whining...just not delighted :)
01[10:24] {Threei}  ok... not being delighted is allowed
01[10:26] {Threei}  this is one freakishly long winning streak we've been on, it's bound to pause at some point, usn't it
[10:27] {cipher} hain l .26
01[10:30] {Threei}  LVS touched 1:1 without filling
[10:30] {scottie} out
01[10:30] {Threei}  yup
01[10:31] {Threei} Short Setup: SLW  .97
01[10:31] {Threei}  aggressive for .90 break
[10:32] {cipher} cmcsa l .73
[10:33] {dptl} stop .06?
[10:33] {scottie} where do yuou put 1:1 ?
01[10:33] {Threei}  yup
[10:33] {cipher} out hain .30 +.04
01[10:34] {Threei}  want to cover 1/3 near .90, then if we get a break ride it to about 31.60
01[10:37] {Threei}  ok SLW
01[10:37] {Threei}  let's do it
01[10:37] {Threei}  you are officially designated to be our day-fixer
01[10:37] {Threei}  1/3 out
[10:38] {dino} elli sm l .60
01[10:38] {Threei}  stop .01
[10:38] {dptl} out
01[10:39] {Threei} Short Setup: GDX  .80 break
[10:39] {cipher} out cmcsa .68 -.05
01[10:39] {Threei}  If holds  .90
[10:41] {cipher} hain l .92
[10:41] {ese} this always happens to me...............3 days of doing something else puts me out of sync with the mrkt.......i look at something i should have taken a position on and don't pull the trigger........you have to stay in practise....anyone who thinks other wise is nuts
[10:42] {dino} cste drop, ultra thin
[10:42] {ese} easily 4 that i should have done something with
[10:42] {dino} same happens to me ese
[10:42] {dino} out of the "zone"
[10:42] {ese} yup
[10:43] {ese} whats ultra thin though
[10:43] {dino} cste
[10:44] {ese} in terms of shs..........i see  only 10000traded
[10:44] {dino} yeah, ultra thin
[10:45] {cipher} cstr l.57
[10:45] {ese} it ain't much thats for sure
[10:45] {cipher} out .49 -.08
[10:46] {cipher} out hain .13 +.21
[10:48] {dptl} in gdx
[10:48] {scottie} can't short GDX
[10:48] {dino} yy sm s .50
[10:50] {cipher} tcbi drop
[10:51] {cipher} tcbi l .34
01[10:51] {Threei}  have you noticed lately, PMs and PM-related stocks move in inverse relation to the market
01[10:51] {Threei}  not perfect but
[10:52] {cipher} sina l .16
[10:54] {cipher} out .30 +.14
[10:54] {nemo} sheesh the spy is barely trading
[10:56] {cipher} out tcbi .26 -.08
[10:56] {dino} pm?
01[10:56] {Threei}  SLW balance stopped on a tril
01[10:57] {Threei}  precios metals dino... not stock PM :)
[10:57] {dino} lol, ok, i get it
01[10:57] {Threei}  SLW did not live up to expectations
[10:58] {dptl} come on gdx
[10:59] {dptl} 2cents
01[11:00] {Threei}  see SPY dropping, GDX bouncing?
[11:00] {dptl} ye
01[11:00] {Threei}  we might have to start deplying this:
01[11:00] {Threei}  http://business.financialpost.com/2013/02/21/the-40-most-unusual-economic-indicators/
[11:02] {thomcbell} aig caught an intraday downgrdae
[11:02] {thomcbell} reason for the weakness
[11:03] {scottie} INTC l .35 if holds .30 ?
[11:05] {dptl} BTU .75  short?
01[11:05] {Threei}  CHART IS RIGHT, JUST KEEP IN MIND THIS THING IS SLOOOOW
01[11:05] {Threei}  oops, sorry caps
[11:05] {scottie} ok, I heard you
01[11:05] {Threei}  BTU, ues
01[11:05] {Threei}  lol
[11:05] {dino} cov yy .60 -.10
[11:07] {scottie} BTU stop .83 ?
01[11:08] {Threei}  yup
[11:09] {dptl} what about gdx stop now?
01[11:09] {Threei}  .86
[11:09] {dptl} k
[11:09] {thomcbell} wow fb
[11:09] {thomcbell} disgusting action
[11:16] {Will49} :out
[11:16] {dptl} stopped gdx
01[11:17] {Threei}  patternless day
01[11:20] {Threei}  BTU works
[11:21] {dptl} ye and only had half lot...out
[11:22] {scottie} half out, tks dp
[11:22] {nemo} hey cipher sina might be a short here
[11:22] {thomcbell} stuff failed where it was supposed though Vad
01[11:22] {Threei}  yes tbell
01[11:22] {Threei}  well, maybe it's me
01[11:23] {Threei}  misreading market today
01[11:23] {Threei}  wouldn't be a first time it happens, so...
[11:24] {Will49} looks like some of the "big shooters" here are also having a tough time
01[11:24] {Threei}  oh I get it
01[11:25] {Threei}  I think it was Oscar Wilde, in one of his short stories a boy tried to start fireworks for guests,
01[11:26] {Threei}  they didn't work, everyone left disappointed, then he tried again, alome, and everything worked,
01[11:26] {Threei}  and story ended with beautiful phrase
01[11:26] {Threei}  Your firework will not go off in front of witnesses (loose translation, I read it in Russian)
[11:27] {dptl} long LEN .51
01[11:27] {Threei}  so, we had a month of winning days, today wolf's first day of trial, and my fireworks don't go off :)
[11:27] {Will49} ya, i used to have that trouble too:)
[11:28] {Will49} that's code")
[11:29] {Will49} :)
01[11:29] {Threei}  ummm... why do I have a feeling you out some ditry meaning in it
01[11:29] {Threei}  put
[11:29] {Will49} you got it!
[11:29] {dino} lol
01[11:29] {Threei}  I did, I just hoped I was mistaken :)
[11:30] {Will49} trading sucks, so might as well expose myself
[11:30] {Will49} psychologically, that is
[11:31] {thomcbell} joy 62.34 break if holding 62.20
01[11:31] {Threei}  every next iteration dig deper hole, lol
01[11:31] {Threei}  digs deeper
01[11:31] {Threei}  what's with my typing
[11:31] {Will49} you are discombobulated by the market
[11:31] {Will49} :)
01[11:31] {Threei}  that's me
[11:35] {dptl} out LEN 1:1
01[11:35] {Threei}  once a month I get discombobulated
[11:35] {thomcbell} joy 1:1
[11:35] {scottie} gj dp :)
[11:35] {Will49} can you give me some warning?
01[11:35] {Threei}  then nemo comes with bottle of Grey Goose, and I combobulate again
[11:35] {scottie} didn't have the guts to follow you on that one
[11:39] {scottie} trailing stop to .71 on BTU
[11:45] {scottie} to .68
01[11:45] {Threei}  scottie is combobulating
[11:46] {Will49} good on ya scottie:)
[11:46] {scottie} :)
[11:47] {scottie} that's dp's find
01[11:47] {Threei}  ain't english grand... why is there word "discombobulated", but not combobulated
[11:47] {thomcbell} joy 1:2
[11:48] {Will49} good question Vad
[11:48] {Will49} good on YOU tbell
01[11:48] {Threei}  well, I guess it's not a single example... there is disgust and but not gust
[11:48] {scottie} Urban dictionary
[11:48] {scottie} 1. combobulated
[11:49] {dptl} STX short?
[11:49] {scottie}  
[11:49] {scottie} adj. removed from a state of confusion
[11:49] {scottie} v. combobulate
[11:49] {scottie} antonym: discombobulated
[11:49] {Will49} leave it to a Scot to set us straight
01[11:49] {Threei}  STX?? no
[11:50] {scottie} Internet knows everything
[11:50] {dptl} oh..in .38
01[11:50] {Threei}  oh wait
[11:50] {Will49} scottie, have you read the book "How the Scots invented Canada"?
01[11:50] {Threei}  wrong chart
01[11:51] {Threei}  well, STX is more or less configured, but sklow and narrow
01[11:51] {Threei}  I wouldn't trade it today
01[11:51] {Threei}  BTY baby
01[11:51] {Threei}  out
[11:51] {Will49} good call dp
[11:51] {scottie} partial fill only
01[11:52] {Threei}  hmmm... OK, now I am discombobulated about this word completely, since different dictionaries show different results, with some stating that there is no such word, and "dis" form is the only one
01[11:52] {Threei}  sure makes for a great word of the day though
[11:52] {thomcbell} joy stop to 62.43
[11:52] {scottie} made me learn a new word in English ?
[11:52] {scottie} or is it two ?
01[11:53] {Threei}  one thing is fr sure: some dictionaries should be a sujbect of defenestration
[11:53] {Will49} oh my goodness
01[11:54] {Threei}  {G}
[11:54] {scottie} this one is the same in french
[11:54] {thomcbell} joy 1:3
[11:54] {dptl} stopped stx
01[11:54] {Threei}  wtg tbell
[11:54] {thomcbell} tu
[11:54] {scottie} out BTU ave .17 tks dp
[11:54] {Will49} nice one
[11:54] {dptl} :)
[11:56] {scottie} the day starts looking brighter :)
[11:56] {dptl} i need 3 wins to make it bright
01[11:57] {Threei}  first, stop taking these marginal plays like STX
[11:57] {thomcbell} jcp 22.50 break short if holding 22.60
01[11:57] {Threei}  stock spent 2 hours within 20 cents range for crisssakes
[11:58] {dptl} ye that was wrong pick
[11:58] {thomcbell} joy stop 62.54
[12:00] {thomcbell} jcp invalidated
01[12:01] {Threei} Long Setup:  CAT  .40 break
01[12:01] {Threei}  If holds  .30
[12:04] {dino} elli sm l .00
[12:05] {_sable1wolf} Thanks three, just booked a profit on the LVS call
01[12:05] {Threei}  yw...
[12:06] {_sable1wolf} in at 49.96. out at 50.24    .28 in the bag
[12:06] {_sable1wolf} okay i might become a believer lol
[12:06] {dino} have at it
01[12:07] {Threei}  hmmm... with trading logs available for the last 5 or 7 years, what is there not to believe in, lol
[12:07] {_sable1wolf} your right
[12:08] {thomcbell} joy stopped
[12:08] {dino} 07 green
01[12:19] {Threei}  CAT is valid
[12:22] {dino} these friday afternoons aread d e a d
[12:27] {dptl} still valid cat?
[12:27] {Will49} After a tiring day, a commuter settled down in her seat and closed her eyes.
[12:27] {Will49} As the train rolled out of the station, the guy sitting next to her pulled out his cell phone and started talking in a loud voice: "Hi sweetheart. It's Eric. I'm on the train".
01[12:27] {Threei}  yes
[12:28] {Will49} "Yes, I know it's the six thirty and not the four thirty, but I had a long meeting".
[12:28] {Will49} "No, honey, not with that blond from the accounts office. It was with the boss".
[12:28] {Will49} "No sweetheart, you're the only one in my life".
[12:28] {Will49} "Yes, I'm sure, cross my heart"
[12:28] {Will49} Fifteen minutes later, he was still talking loudly.
[12:28] {Will49} When the young woman sitting next to him had had enough, she leaned over and said into the phone, "Eric, hang up the phone and come back to bed."
[12:28] {thomcbell} darn jcp
01[12:28] {Threei}  yikes
01[12:28] {Threei}  lol
[12:31] {dptl} i am gonna take a break now
[12:33] {_sable1wolf} lvs running higher should have kept some in
[12:33] {_sable1wolf} rookie nerves
01[12:34] {Threei}  don't focus on it
01[12:34] {Threei}  every trade exists while it lasts
01[12:34] {Threei}  you are out, it's a new world
01[12:34] {Threei}  klook for the next bus, it's always just around the corner
01[12:35] {Threei}  CAT is about to trigger
01[12:35] {Threei}  and dp left, so it should work
[12:35] {dptl} its not letting me
01[12:35] {Threei}  oops
01[12:35] {Threei}  this is wehy it doesn't trigger
[12:35] {dptl} lol
01[12:35] {Threei}  it waits for you to leave
01[12:35] {Threei}  cats are like that
[12:36] {thomcbell} duh jcp that was perfect
[12:36] {thomcbell} almost said it was still valid
[12:37] {Will49} Vad, didn't CAT invalidate at 12:22?
01[12:38] {Threei}  yes
01[12:38] {Threei}  and reconsolidated agauin after that
[12:39] {Will49} so, a break under .32 invalidates again?
01[12:39] {Threei}  under .30
[12:39] {Will49} tks
01[12:40] {Threei}  ok, dp obviously left
[12:40] {dptl} no in .42
01[12:40] {Threei}  hmmm
[12:41] {Will49} invalidated due to dp's presence
01[12:44] {Threei}  target 1:3
[12:44] {_sable1wolf} lvs was a GREAT CALL
[12:44] {_sable1wolf} 50.70
[12:44] {_sable1wolf} WOW
01[12:47] {Threei}  1:1
01[12:48] {Threei}  1:2
[12:49] {dptl} out .60 ty
[12:49] {dptl} need 2 more wins please :)
[12:49] {dino} thx cat vad, out +.15
01[12:50] {Threei}  1:3, over and out
01[12:50] {Threei}  yw
[12:50] {dptl} taking a break noe :)
01[12:50] {Threei}  nice and easy, no single pullback
[12:50] {dptl} now
01[12:50] {Threei}  fully believer yet, wolf?? :)
[12:50] {jdetente} got 1:4 thanks Vad. Great trade
01[12:51] {Threei}  1:4
01[12:51] {Threei}  welcome jd
[12:53] {Will49} so, i leave the room for a few minutes, and look what happens
[12:53] {_sable1wolf} unbelievable.... I also am reading your book tape reading. You are realy good
01[12:53] {Threei}  thank you
[12:53] {Will49} :(
01[12:53] {Threei}  come on will, you know better
[12:53] {_sable1wolf} thank you for sharing your experience, helps us new guys learn without all the pain of high tuition
[12:53] {Will49} now...yes!
01[12:54] {Threei}  if you like the book wolf... favorable review on amazon will be greatly appreciated
01[12:54] {Threei}  gotta counterbalance a few idiots running smear campaign against it
[12:56] {jdetente} I'm relatively new as sable...this is a great room and Vad's calls and risk management are both excellent
[12:56] {jdetente} *as well
01[12:57] {Threei}  and you haven't even taken any of the courses yet jd?
01[12:57] {Threei}  wait till you go over those...
[12:57] {_sable1wolf} I will, more importantly I have read many, many books  that were not worth the money... but Tape Reading is direct and to the point. I have only been trading for about 1 year so I know th difference after a mountain of losses. I will give good rec on amazon
[12:58] {jdetente} I will be :)
01[12:58] {Threei}  ah, that's exactly ese's path :)
01[12:58] {Threei}  read 140 trading books, then finally stumbled on TTR,
[12:58] {_sable1wolf} sounds like me
01[12:58] {Threei}  and gave all the rest to librarries or something
01[12:59] {Threei}  btw jd, don't pay full price, room members have 30% discount for online courses
01[12:59] {Threei}  both 111 Trades and A Taoist Trader
[13:00] {jdetente} ok, do I need a code for the discount?
[13:01] {ese} zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz...........huh.............ah ya.........thats the way to do it
[13:01] {ese} and!!!!!!!!!!!!!!!!!! by the way..............it was almost 270.................trading books
01[13:02] {Threei}  yes, let me look it up
[13:02] {ese} of which i still have about 50 around for reference............not likely..........haven't looked at them in 5 years
01[13:02] {Threei}  270?
01[13:02] {Threei}  man...
[13:02] {ese} about that
[13:03] {ese} just about the enitre trading section in the downtown library.
[13:03] {ese} not to mention that i bought about 120 to 40
[13:04] {ese} actually waht was really funny
01[13:04] {Threei}  use coupon (gently edited out) jd
01[13:04] {Threei}  and don't share it with anyone pls, it's for room members only :)
[13:04] {ese} I took them down to russell's books to trade them in....easily about 90 to 100
[13:05] {ese} and they gave me a $75 dollar credit..................i almost fell over laughing
01[13:05] {Threei}  not a very good trade eh
[13:05] {ese} i'll say
[13:06] {ese} was down there at Christmas.........and about 20 of them are still on the shelf..............3 years late
[13:06] {ese} later
[13:10] {jdetente} thanks Vad. I'll keep it to myself
01[13:21] {Threei}  hmmm... CAT may be coming in for another shot
[13:23] {Will49} hurray....possible redemption
01[13:24] {Threei}  heck, right under the trigger
01[13:24] {Threei} Long Setup:  CAT  .40 break
01[13:24] {Threei}  surely there must be enough those who missed the move and will jump on second chance
01[13:25] {Threei}  no expectations for 1:4 again though
[13:25] {Will49} oh yeah
01[13:25] {Threei}  1:2 at best
01[13:27] {Threei}  Invalidated
01[13:27] {Threei}  but on watch
[13:27] {dptl} COH .80 short?
01[13:28] {Threei}  hl
[13:31] {scottie} VZ l .30 ?
01[13:35] {Threei}  yes, if market reverses upward again
01[13:36] {Threei}  normally I would say nah, bad time... but looking at daily, this is special case
[13:38] {jdetente} CAT back on radar?
01[13:38] {Threei}  yes, just no setup yet
01[13:39] {Threei} Long Setup:  CAT  .30 break
01[13:41] {Threei}  most likely about 1:2
01[13:41] {Threei}  doubt it has more in it this time
[13:47] {dino} bp
[13:50] {dino} sm s .00
[13:51] {dino} cov .80, +.20
[13:51] {dptl} stopped cat
01[13:52] {Threei}  meh
[13:52] {dptl} -.15
[13:52] {scottie} same
[13:52] {Will49} me too
[13:52] {dptl} fast
[13:53] {dptl} vz getting closer
01[13:56] {Threei}  be back in 20
[13:59] {scottie} stop to .24
[14:01] {dptl} ye same
[14:06] {scottie} out
[14:06] {dptl} stopped....just cant win today
[14:07] {Will49} tough day!
[14:31] {scottie} Vad, are you there ?
01[14:32] {Threei}  yes
[14:32] {scottie} EXPD s .60 ?
01[14:32] {Threei}  yes, mist likely no more than a scalp though
[14:33] {scottie} tks
[14:42] {nemo} only 58 million shares of spy so far
[14:43] {nemo} 65 day average is 133ish million
[14:43] {dino} wow
[14:44] {dino} you know i usually only take off friday afternoons june thru august, but this is getting boring
[14:44] {nemo} dcc dino
[14:44] {dino} problem is taking froday afternoons now, no lawn to mow or golf to play (15 degrees f here)
01[14:44] {Threei}  lol
[14:44] {nemo} ice fishing?
[14:46] {dino} thats slower than this trading
01[14:49] {Threei}  http://www.youtube.com/watch?feature=player_embedded&v=Y0fcHAHf8rU#!
01[14:49] {Threei}  have 4 min of fun
01[14:50] {Threei}  oh motherland... nothing changes, lol
[14:53] {scottie} lol
[14:55] {Will49} funny as hell
01[14:56] {Threei}  and all true
[14:56] {jdetente} wow lol
01[14:56] {Threei}  incredibl;y familiar scenes of these fights on the road
[14:56] {jdetente} I like how nonplussed the cattle all were
01[14:56] {Threei}  the only difference is, there were no cameras in each car back then
01[14:57] {Threei}  and instead of basebal bat it was a gun in the glove compartment
[14:58] {Will49} years ago, I started to negotiate a business purchase with the Russian owner.
[14:58] {Will49} First day I met him he said, "I want to show you something:
[14:59] {Will49} took me in back room opened a drawer and pointed to a huge pistol
[14:59] {Will49} I said what's that for and he said..oh nothing, just wanted to show it to you
[14:59] {Will49} didn't buy his business
01[14:59] {Threei}  lol
[15:00] {scottie} lol
[15:00] {jdetente} standard business practice
01[15:02] {Threei}  by the standards of people I dealt with, complete idiot
01[15:02] {Threei}  principle is: never take out a gun to threaten
[15:03] {jdetente} only to use, correct?
01[15:03] {Threei}  if you have it in your hand, it's to shoot
[15:03] {dptl} same with condoms
01[15:03] {Threei}  not going to shoot, never take it
[15:03] {Will49} hahah
[15:03] {Will49} good one dp
[15:03] {scottie} lol
[15:06] {scottie} ok gotta go, have a good weekend all
01[15:06] {Threei}  take care scottie
01[15:07] {Threei}  see you Monday
01[15:08] {Threei} Long Setup:  LVS  .88
01[15:09] {Threei}  Invalidated
[15:18] {thomcbell} short setup AIG 38.22 break if holding 38.30
[15:22] {thomcbell} invalidated
01[15:23] {Threei} Short Setup: GDX  .85 break
01[15:23] {Threei}  If holds  .95
01[15:29] {Threei}  big bid by BPB
01[15:29] {Threei}  waiting for it to get hit
01[15:29] {Threei}  NSDX too
[15:33] {dptl} at .84?
01[15:33] {Threei}  let's break GDX
01[15:33] {Threei}  and drop
01[15:33] {Threei}  like a stone
01[15:33] {Threei}  or prom dress
[15:33] {dptl} you in?
01[15:33] {Threei}  or whatever analogy you like
01[15:33] {Threei}  just drop
01[15:33] {Threei}  not yet
[15:34] {Will49} a prom dress always went up in my day
[15:34] {jdetente} lol
[15:34] {jdetente} or just off
[15:34] {dino} off like a prom dress
[15:34] {Will49} 57 chevy and all that...no time for off
[15:36] {dptl} NEM short?
01[15:37] {Threei}  yes
[15:37] {dptl} .72?
01[15:37] {Threei}  yup
01[15:37] {Threei}  if stays under .80
01[15:40] {Threei}  well GDX?
01[15:40] {Threei}  will you or will you not
[15:41] {Will49} a prom night question
01[15:41] {Threei}  lol
01[15:41] {Threei}  really
[15:42] {Will49} if you had to ask...answer was usually no
[15:42] {jdetente} haha
[15:42] {Will49} right jd?
[15:42] {jdetente} I don't believe I;ve ever asked lol
[15:43] {Will49} lol
[15:43] {jdetente} but who knows what the sensitive modern day people do
[15:43] {Will49} bet your win/loss ratio was better than today :)
[15:43] {jdetente} ha
[15:44] {dino} took all afternoon, but out elli .35, +.35
[15:44] {Will49} nice
[15:44] {dino} ty
[15:45] {dino} i guess better than ice fishing
[15:45] {Will49} that would be a big win today. no?
[15:45] {dino} no
[15:45] {dino} ahs +.70 in the a.m.
[15:45] {Will49} ooohhh
[15:48] {dptl} have a good weekend all see ya monday
01[15:48] {Threei}  Ok guys
[15:48] {Will49} be good dp
01[15:48] {Threei}  thank you all
01[15:48] {Threei}  have a great weekend
01[15:48] {Threei}  see you Monday!
[15:48] {dino} cya
[15:48] {Will49} cheers
[15:51] {thomcbell} take care everyone
[15:51] {jdetente} have a good weekend everyone
[15:52] {dino} cya
[15:55] {dino} thats all for me, gn all. thx for ideas

Feb 21 2013

Another great day with 6 wins out of 8. 

Session Time: Thu Feb 21 00:00:00 2013

[07:49] {nemo} mmmmhhhhh...somebody should be here to play with me.

01[08:47] {Threei}  wake up bunny?

[08:48] {nemo} cute

[08:58] {dino} gm

01[09:00] {Threei}  dino :)

[09:07] {scottie} good morning

01[09:07] {Threei}  scottie :)

[09:08] {patel} Good Morning

01[09:08] {Threei}  patel :)

[09:14] {nemo} kneecap is here

[09:16] {jdetente} gm all

01[09:17] {Threei}  jd :)

[09:18] {Will49} good morning

01[09:18] {Threei}  will :)

[09:18] {dptl} GM

[09:18] {dptl} oops

[09:18] {cipher} gm

01[09:18] {Threei}  dp :)

[09:25] {thomcbell} gm all

01[09:25] {Threei}  tbell :)

01[09:30] {Threei} Short Setup: GDX  .60 break hl

01[09:31] {Threei}  Invalidated  

01[09:32] {Threei}  valid again

01[09:32] {Threei}  let's change to .65 break

01[09:32] {Threei}  If holds  .75 

01[09:34] {Threei}  volatile opening... touched 1:1 but no fill

01[09:34] {Threei}  stop .71

01[09:34] {Threei}  1:1

[09:35] {patel} I took it all off

[09:35] {nemo} the battle for 151 is engaged...and I ain't talking the rum

01[09:35] {Threei}  good idea

[09:35] {patel} that stock is drunk this morning

01[09:35] {Threei}  so, we profited from a drunk stock? tsk tsk tsk

[09:35] {nemo} what's wrong with that?

[09:36] {cipher} mcrs l .95

[09:36] {patel} that was a nice trade though

[09:36] {patel} tks

[09:36] {nemo} watching FAS rollercoaster

[09:37] {ese} morning

[09:37] {ese} won't be here long

[09:38] {cipher} out mcrs -.36

[09:38] {ese} have been filming a DVD project with my high school R&B band and were back at it again today

[09:38] {Will49} none of us are here for very long:)

[09:38] {cipher} tsla l .09

[09:38] {ese} ah

01[09:38] {Threei}  lol

01[09:39] {Threei}  hi ese

[09:39] {ese} i noticed that Ben Bernackers opened his mouth again yesterday and it tanked the mrkt

[09:39] {ese} hi vad

[09:39] {cipher} gild l .57

[09:39] {nemo} 35.76 area on tsla cipher

01[09:39] {Threei}  yes, and I regretted you weren't here to see

01[09:40] {Threei}  any hint that money injection may end , and market drops like a stone

[09:40] {cipher} mcrs l .51

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

01[09:40] {Threei}  Invalidated  

[09:40] {cipher} out tsla -.27

[09:41] {ese} call me crazy but i'm feeling a correction coming...........if that wasn't the start of it yesterday

[09:41] {nemo} wow...so prescient of you

[09:41] {ese} thanks

[09:41] {cipher} out mcrs .90+.39

[09:41] {dino} db sm l .15

[09:42] {ese} always glad to help or lend an opionion

[09:42] {cipher} tsla l .21

[09:42] {thomcbell} lvs will have a nasty bounce at some point 

01[09:43] {Threei} Short Setup: SLW  .70 break

01[09:43] {Threei}  hl

01[09:43] {Threei}  If holds  .80 

[09:43] {ese} Vad is your trade the news site working

01[09:44] {Threei}  had a hiccup earlier

01[09:44] {Threei}  back up now

[09:44] {ese} mines not working

[09:44] {ese} something about too many redirects

01[09:44] {Threei}  close and reopen

01[09:44] {Threei}  worked for me

[09:45] {cipher} out tsla .60 +.39

[09:45] {ese} nope still won't let me in

[09:45] {ese} bastards

01[09:45] {Threei}  1:1

[09:46] {ese} who do they think there messing with 

[09:47] {dino} db stop -.17

[09:47] {scottie} out +.09 tks VAd

01[09:47] {Threei}  yw

[09:48] {cipher} jazz l .35

[09:48] {dino} mant sm s .36

[09:49] {cipher} tsla s .10

[09:49] {patel} wow SLW 

01[09:50] {Threei}  out in full

[09:50] {jdetente} nice trade

[09:50] {jdetente} ty

01[09:50] {Threei}  yw

[09:50] {patel} I just scalped it for +.10 tks Vad

01[09:51] {Threei} Long Setup:  LVS  .50 break

[09:51] {cipher} cov tsla .81 +.29

01[09:51] {Threei}  If holds  .40 

[09:51] {nemo} look at the range vxx did yesterday, wow

01[09:52] {Threei}  Invalidated  

[09:52] {cipher} infa l .60

[09:54] {dptl} RHI short?

[09:55] {cipher} gpor l.18

01[09:55] {Threei}  LVS

01[09:55] {Threei}  valid again

01[09:55] {Threei}  hl, stop under .40

[09:56] {cipher} out infa -.16

[09:56] {dino} db sm l .01

01[09:58] {Threei}  1:1

[09:58] {scottie} +.10 tks again

[09:58] {patel} out of LVS tks

01[09:58] {Threei}  yw

[09:58] {cipher} allt l .36

[09:58] {nemo} numbers coming

[09:58] {patel} yup

[09:59] {Will49} tks Vad LVS out

01[09:59] {Threei}  hey guys, fear not:

01[09:59] {Threei}  PL) Fitch raises Poland sovereign outlook to Positive from Stable; reaffirms A- rating

[09:59] {ese} getting cut everywhere......

[10:00] {nemo} ahhhh the land of Spirytus

[10:00] {nemo} not good numbers

01[10:00] {Threei}  Phil Fed is baaaaad

01[10:00] {Threei}  -12.5 v +1.1E

[10:00] {cipher} out gpor .34 +.16

[10:00] {nemo} Anarchy Anarchy Anarchy

[10:00] {Will49} finally

01[10:00] {Threei}  the rest of numbers is OK

01[10:00] {Threei}  so, not full blow anarchy yet

[10:01] {nemo} bummer

[10:01] {nemo} pestilence, plague, famine, BRING IT ON!!!!

01[10:01] {Threei}  I know, right?

[10:01] {nemo} over the top, huh?

01[10:01] {Threei}  first they promised us Dec 2012

01[10:01] {Threei}  nothing happened

[10:01] {nemo} notice how many asteroid near misses

[10:01] {Will49} least we can do is raise our eyebrows

01[10:02] {Threei}  Grumpy Cat was very unhappy about that miss

[10:02] {dino} cov mant .53, -.16

[10:02] {cipher} mdvn l .35

[10:03] {cipher} gpor l .92

[10:04] {dino} tsla sm l .99 stop lod

01[10:04] {Threei} Short Setup: SLW  .60 break

[10:05] {cipher} out gpor .81 -.11

01[10:05] {Threei}  If holds  .70 

01[10:05] {Threei}  frikin LVS... had more in it

01[10:05] {Threei}  got interruoted by that Phil Fed number dump

[10:05] {cipher} out mdvn .62 +.27

[10:05] {ese} I'm trying to figure how your going to trade pestilence plague famine.........am looking forward to that

[10:06] {cipher} gpor l .93

01[10:06] {Threei}  long pork bellies...

[10:06] {ese} lol

01[10:06] {Threei}  long vaccine stocks...

[10:06] {ese} ok.....i get it

01[10:06] {Threei}  long GM foods

[10:07] {ese} too funny

01[10:07] {Threei}  long gun manufacturers of course :)

[10:08] {ese} i have this bizzare suspicion the markt is going to be up by the end of the day

[10:08] {ese} negative news brining opposite reaction and all that

[10:08] {ese} bringing

[10:08] {cipher} out gpor .78 -.14

[10:08] {thomcbell} fb straight down move - looking for some sort of a setup to develop 

01[10:09] {Threei}  .55 break

01[10:10] {Threei}  worth a try

[10:10] {Will49} charts stopped again!

[10:10] {dptl} ye

01[10:10] {Threei}  wtf... mine work

[10:10] {dptl} server 5

[10:10] {dptl} works

[10:11] {Will49} yes 5 works

[10:11] {cipher} out allt .60 +.24

01[10:11] {Threei}  1:1, tbell :)

[10:14] {cipher} ebay l .60

[10:15] {cipher} mon l.91

01[10:17] {Threei}  no go SLW

[10:17] {dptl} ah stopped

[10:18] {cipher} out jazz .42 +.07

[10:20] {thomcbell} fb ugly action 

[10:20] {cipher} ebay stopped .55 -.05

[10:21] {dptl} COH .70 short?

[10:21] {dino} wpz sm l .54

01[10:22] {Threei}  COH, yes

01[10:22] {Threei} Short Setup: FB  .45 break

01[10:22] {Threei}  If holds  .55 

[10:23] {cipher} out mon .17 +.26

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

01[10:24] {Threei}  1:1

[10:26] {cipher} wpz +.33 thx dino

[10:30] {Will49} got .09 on FB Tks.. no country for old men:)

01[10:31] {Threei}  lol

[10:33] {dino} gj, yw

[10:33] {dptl} VZ .90 long?

[10:35] {cipher} dino, on WPZ... what do you call this kind of setup?

01[10:35] {Threei}  if holds .80, yes

[10:35] {dino} pulp

[10:35] {cipher} because you didn't buy close to the bottom

[10:35] {cipher} ah, got it :)

[10:36] {dino} higher lows higher highs on way back

[10:36] {dino} xoom

[10:36] {dino}  drop

[10:37] {dino} tgp drop

[10:38] {cipher} in xoom

[10:40] {dino} out wpz .74, +1.20

[10:40] {cipher} wow nice!

[10:41] {dino} ty

[10:41] {scottie} gj dino

[10:41] {Will49} wow

[10:41] {dino} was lying out

[10:41] {dino} laying

[10:43] {cipher} +.26 xoom thx dino

[10:43] {dino} gj, i missed entry

[10:43] {dino} wpz preoccupied

[10:44] {dino} thought tpg would hit 39.75 area, but...

[10:44] {scottie} KMI l .80 ?

01[10:45] {Threei}  hl, yes

[10:46] {thomcbell} joy trying to turn it around here 

01[10:46] {Threei}  trying to turn things around is rarely joy

[10:47] {scottie} in .81

[10:47] {Will49} as am i

[10:50] {scottie} stop .74

01[10:53] {Threei}  1:1

[10:54] {scottie} half out, stop .79

[10:58] {thomcbell} jcp putting shorts in grave 

01[11:00] {Threei}  Tony Soprano to JCP: ok, bodies are dumped, sending bill

[11:00] {ese} gotta go .......make it it a great day eh...........off to filming land......cya tomorrow hopefully if they get all the shooting done

[11:01] {Will49} break a leg

01[11:01] {Threei}  take care ese

[11:01] {scottie} ese

[11:01] {ese} tks cya

[11:02] {dino} vac, what am i missing/

[11:05] {dino} vac sm l ave .20

[11:06] {dino} tasr?

[11:07] {cipher} good call on vac

01[11:07] {Threei}  TASR, don't see anything in released numbers either

01[11:07] {Threei}  something deeper

[11:08] {dino} ty

[11:08] {dino} out vac .68, +.48

[11:08] {cipher} +.47 vac txx

[11:08] {cipher} thx

[11:08] {dino} yw

[11:09] {dino} i'd be pissed if you made more than i on it, lol

[11:09] {dptl} MET .20 short?

[11:09] {dino} we may get another try

[11:09] {cipher} I know... trying not to :)

[11:09] {dino} thx

01[11:11] {Threei}  MET yes, but let's do hl... not so much because of its volatility but to limit exposure considering market slowdown

[11:11] {dptl} ok

[11:12] {dino} vac lod

[11:13] {dino} db hours, won't move stop to b/e

[11:14] {dino} vac drop

[11:15] {cipher} vac l .54

[11:15] {cipher} out .97 +.43

[11:16] {dino} gj

[11:16] {cipher} ty sir

[11:17] {dino} db stop -.02

[11:18] {scottie} out kmi

[11:19] {Will49} tks scottie

[11:19] {scottie} yw

[11:19] {Will49} a penny here, a penny there and pretty soon you're......

01[11:20] {Threei}  and pretty soon your government cancels pennies

[11:20] {Will49} haha

[11:20] {scottie} lol

[11:21] {Will49} now it's a nickel for your thoughts

01[11:21] {Threei}  americans don't get it :)

[11:22] {Will49} speaking of americans, it's so slow that thoughts of insulting nemo are creaping in

[11:22] {dino} vac sm l .24

01[11:23] {Threei}  living dangerously will?

[11:23] {Will49} yeah...taking a walk on the wild side

[11:24] {dino} lol

01[11:24] {Threei}  man has trained fighting rabbits for crissakes

[11:25] {Will49} taking my life in my hands

01[11:25] {Threei}  most of them of course are trained to jump on a throat when see a face similar to a photo of ese he showed them for months

01[11:26] {Threei}  but still

[11:26] {nemo} Yeah, I have there claws replaced with razor sharp steel

[11:26] {nemo} their

[11:26] {nemo} homonyms are my grammatic waterloo

[11:26] {Will49} you'll never get your bunny thru Canadian border security

01[11:26] {Threei}  and poisoned needles implanted in ears

[11:27] {dino} vac stop -.22

01[11:27] {Threei}  they dig under, will

[11:27] {nemo} Will, they're homing bunnies...I let them go on one side, they follow me across

[11:27] {nemo} who the hell isn't gonna' let a bunny cross a field

[11:27] {Will49} your name is on the do-not-allow-in list

[11:28] {nemo} multiple passports Will

[11:29] {Will49} facial recognition software

01[11:29] {Threei}  worst case scenario, he controls bunnies via radio

[11:31] {nemo} https://mail-attachment.googleusercontent.com/attachment/u/0/?ui=2&ik=a176b79c32&view=att&th=13cfaefdaa275fa8&attid=0.1&disp=inline&realattid=94f32e110c3542af_0.1&safe=1&zw&sadnir=1&saduie=AG9B_P9AouwoKXWyrHZUIHvpZH1_&sadet=1361464213747&sads=Y2y6hjQU2XvWh6HZar6OCpjN41s

[11:32] {cipher} five drop

[11:32] {nemo} what cipher, no comment on the link?

[11:33] {cipher} five l .01

01[11:34] {Threei} Short Setup: AIG  .97

01[11:34] {Threei}  If holds  .05 

01[11:36] {Threei}  Invalidated  

[11:43] {cipher} what link nemo?

[11:43] {nemo} [11:31] {nemo} https://mail-attachment.googleusercontent.com/attachment/u/0/?ui=2&ik=a176b79c32&view=att&th=13cfaefdaa275fa8&attid=0.1&disp=inline&realattid=94f32e110c3542af_0.1&safe=1&zw&sadnir=1&saduie=AG9B_P9AouwoKXWyrHZUIHvpZH1_&sadet=1361464213747&sads=Y2y6hjQU2XvWh6HZar6OCpjN41s

[11:44] {cipher} it's not working

[11:44] {nemo} bummer, I'll send it to vad and he can do it

[11:44] {cipher} Temporary Error (404m)

[11:44] {cipher} that's all I'm getting

[11:45] {nemo} o.k. sent it to Vad

01[11:48] {Threei}  http://tradinglog.realitytrader.com/2013/02/nemo-special-2.html

[11:49] {scottie} lol

[11:50] {nemo} http://twitpic.com/alvmd5/full

[11:51] {nemo} what can I say, I'm a coupla sandwiches short of a picnic

[11:51] {Will49} cute bunny

[11:51] {dino} vac drop

[11:52] {dino} things all over the place

[11:52] {cipher} out five +.22 +.21

[11:55] {dino} vac sm l .61 piulp

[11:55] {dino} pulp

[11:58] {thomcbell} qcom will be very interesting with a gap fill and 50 day around same level at 64.25 to 64

[12:01] {dino} 63.58 i see

[12:02] {dino} ebix drop

[12:03] {dino} fraud accusations

[12:14] {dino} asps drop

01[12:19] {Threei} Short Setup: DB  .50 break

01[12:19] {Threei}  FB

01[12:20] {Threei}  stop .58

[12:33] {dptl} out met

[12:34] {scottie} out MET +.09 tks dp

[12:34] {nemo} they're going for 150 on spy

[12:34] {dptl} :)

[12:34] {scottie} needed patience :)

[12:34] {dptl} now come on fb die

[12:37] {nemo} well, at least bunny didn't attack my father today

01[12:37] {Threei}  MET took a lot of that

01[12:37] {Threei}  patience stuff I mean

01[12:38] {Threei}  but heck

01[12:38] {Threei}  what's our hurry

[12:38] {nemo} speaking of, anybody heard from her?

01[12:38] {Threei}  it's not like we habve to be somewhere

[12:38] {scottie} slow profit is still profit :)

01[12:39] {Threei}  yeah, and I can remember no salesperson in any store ever telling me "no sir, we can't sell it to you, you made this money too slowly"

[12:39] {scottie} lol

[12:39] {jdetente} this money is not acceptable it has the mark of slowness on it

[12:39] {jdetente} ha

[12:40] {dptl} half out fb

[12:40] {dino} out vac .00, +.39, toughie. taking lunch break

01[12:40] {Threei}  1:1

01[12:40] {Threei}  man, we are invincible

01[12:40] {Threei}  unbreakable

01[12:40] {Threei}  unstoppable

[12:40] {scottie} no fill yet

01[12:41] {Threei}  insufferable too

[12:41] {scottie} took .41

01[12:42] {Threei}  "when you strip away my unparalleled bravery, exemplary honesty, extreme intelligence and exceptionally good looks, it's my extraordinary modesty that shines through"

[12:51] {nemo} on a roll...impressive. You replace one of your monitors with a mirror, Vad?

01[12:51] {Threei}  one?

[12:52] {nemo} nice...

01[12:52] {Threei}  :)

[12:56] {dptl} out fb...have to leave see ya tomorrow all

[12:57] {scottie} dp

[12:58] {scottie} out

[12:58] {Will49} bye dp

01[12:59] {Threei}  take care dp

[12:59] {dino} arlp drop

01[12:59] {Threei}  nice to leave being up considerably?

[13:00] {dino} cya dp

[13:05] {dino} elli gap fill

[13:11] {thomcbell} perfect time for a wprt rumor now that it has gotten lambasted since yest

[13:11] {thomcbell} i have a small long

01[13:11] {Threei}  such personal details...

[13:12] {dino} elli sm l .24

[13:13] {jdetente} haha

[13:36] {dino} vac drop

[13:45] {dino} main drop

[13:45] {thomcbell} that bar is shocking on vac

01[13:47] {Threei}  daily you mean?

[13:48] {thomcbell} yes

01[13:48] {Threei}  yeah, like a stake through the heart

[13:49] {dino} missed 38.50

[13:52] {thomcbell} i tried just missed it 

[13:52] {nemo} It might be worth a stink bid for a few hundred shares of spy (or related vehicle) around 150.05

[13:52] {dino} what a come back 2 bucks in minute

[13:55] {dino} and drops a buck like that

[13:56] {dino} thinking there are better worlds than this

01[13:58] {Threei}  yeah, tough to handle

[13:58] {dino} recognize that quote 3i?

01[13:58] {Threei}  absolutely

[13:58] {dino} classic

01[13:58] {Threei}  Dark Tower :)

01[13:59] {Threei}  gunslinger

[13:59] {dino} king

[13:59] {dino} i just finished "dead zone' by king

[14:00] {dino} mellow for him, but i enjoyed it

[14:00] {nemo} Christopher Walken was in a movie based on that book.

[14:01] {thomcbell} yes its a good movie

[14:01] {dino} nemo, thoughts on main. i'm thinking 29.40s

[14:03] {nemo} between there and 28.90ish, but the market might let go, btw, this is a possible level right here

[14:04] {nemo} also the gap at 29.23

01[14:05] {Threei} Short Setup: CAT  .60 break

01[14:05] {Threei}  If holds  .70 

[14:05] {dino} hmmmm

[14:08] {thomcbell} big volume last 10 bars on 5 min on main dino

[14:08] {nemo} be careful if they push spy below 150

[14:08] {dino} ty

[14:08] {nemo} throw the women and children out first

[14:08] {dino} not in, yet

[14:09] {nemo} volumen not coming into the spy yet

[14:10] {nemo} they're not defending this level on spy

[14:11] {nemo} imo longs not a good idea here

[14:18] {thomcbell} main trying dino

[14:20] {dino} yeah, w/o me

[14:20] {dino} i had the idea at .40 but market drop scared me

[14:21] {nemo} they're gonna push it through the low again on spy, no volume came in to support this level

[14:23] {dino} db hits s3

[14:24] {patel} anyone in CAT

[14:24] {scottie} in .59

[14:24] {nemo} yeah, could short here wit stop above .76

[14:24] {Will49} not yet

[14:24] {patel} yeah same here in at .59

01[14:24] {Threei}  come on SPY, lose 150

01[14:24] {Threei}  and drrrrrrop

[14:25] {nemo} top of the gap is 149.990

[14:25] {nemo} this is a shit area to do anything

[14:25] {nemo} well, except drink

[14:25] {dino} indeed

[14:25] {nemo} Hands off the keyboards

[14:25] {jdetente} it's always a good time for a drink

01[14:27] {Threei}  I beg to differ... taking a breath between two drinks is not a good time to try and squeeze third drink in - it might go in your breathing throat instead of drinking one

[14:27] {jdetente} breathing??

[14:27] {jdetente} overrated...

01[14:27] {Threei}  certainly but unfirunately necessary

01[14:28] {Threei}  at least while we are in this, admittedly not the best, world

[14:30] {nemo} looks like tye want to put the bottom in on no volume

[14:30] {dino} wow vac come back

01[14:31] {Threei}  no go

[14:31] {thomcbell} main looks like a long with 29.80 stop 

[14:32] {dino} problem is it just ran 60 cents

[14:33] {thomcbell} yes 

[14:37] {dino} tllp drop

[14:39] {dino} crz spike

[14:40] {dino} czr

[14:50] {patel} HTSI

[14:56] {dino} i can't borrow 

01[14:57] {Threei}  offer better rates?

[14:57] {dino} lol

01[14:57] {Threei}  :)

[15:08] {dino} pretty decent bounce

[15:09] {dino} tbell main worked, nice call

[15:09] {thomcbell} thanks

[15:10] {thomcbell} jcp still burying bodies

01[15:10] {Threei}  Tony works overtime

[15:20] {dino} hnsi drop

[15:21] {thomcbell} which one?

01[15:21] {Threei}  there are many HNSIs?

[15:22] {dino} opps hsni

01[15:24] {Threei}  oh come on... what am I to do now with HNSI that I bought?

[15:25] {dino} become a long term investor

[15:28] {thomcbell} sold half main

[15:28] {dino} gj

[15:28] {thomcbell} feel like hsni could use one more floor pull 

[15:31] {dino} back in 10

[15:33] {thomcbell} 30.30 stop on balance main

01[15:39] {Threei}  providing time allows,

01[15:40] {Threei} Short Setup: GLD  .50 break hl

[15:44] {thomcbell} almost dino on hsni

[15:44] {thomcbell} main out

[15:47] {dino} you take hsni?

01[15:47] {Threei}  Invalidated  

01[15:47] {Threei}  and time's running out

[15:48] {thomcbell} no 

[15:48] {thomcbell} because of time of day 

[15:48] {dino} yeah, back to bus stop duty (basketball over for daughter), so 3:30 to 4:00 not going to be much for me

01[15:52] {Threei}  OK guys, thank you all

01[15:52] {Threei}  have a good evening, see you tomorrow

[15:52] {Will49} cheers all

[15:52] {dino} whoa hsni

[15:54] {scottie} gn

[15:54] {jdetente} gn all

[15:55] {patel} gn

[15:57] {dino} gn all, thx for ideas

Nemo Special 2

Feb 20 2013

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

Perfect continuation of our winning streak, even though market behavior changed rather drastically. nailed the direction just right, got quite a few winning trades on a short side plus a few bounce scalps.



Session Time: Wed Feb 20 00:00:00 2013
[08:45] {nemo} I'm feeling ignored
[08:46] {thomcbell} YO
[08:46] {nemo} mmmhhhh....that makes me feel worse...nevermind
[08:52] {dino} gm
01[08:53] {Threei}  dino :)
[09:06] {jdetente} gm
01[09:07] {Threei}  jd :)
[09:08] {scottie} good morning
01[09:08] {Threei}  scottie :)
[09:09] {patel} good morning
01[09:10] {Threei}  patel :)
[09:11] {dino} mco, mhp sudden drops
[09:11] {cipher} gm
01[09:11] {Threei}  cipher :)
[09:17] {Will49} good morning
[09:18] {thomcbell} takeover chatter on joy
[09:18] {thomcbell} bbry testing its 50 here after canaccord negative comment
01[09:19] {Threei}  will, tbell :)
01[09:20] {Threei}  gold can't catch a break eh?
[09:24] {patel} Today should be another slow climb tight sideways day.
[09:24] {nemo} wow...going out on a limb there
[09:28] {dptl} gm
01[09:29] {Threei}  dp :)
[09:32] {cipher} tsla l .62
[09:32] {cipher} out .98 +.36
01[09:33] {Threei} Short Setup: GDX  .75 break
01[09:34] {Threei}  If holds  .85
01[09:35] {Threei} Short Setup: FCX  .95 break hl
01[09:35] {Threei}  If holds  .05
[09:35] {cipher} spwr l .00
[09:36] {cipher} out .90 -.10
[09:36] {cipher} fslr l .78
01[09:37] {Threei}  FCX 1:1
[09:37] {cipher} out .65 -.13
01[09:38] {Threei}  GDX stop to .81
01[09:40] {Threei}  FCX 1:2, out
01[09:40] {Threei}  1:3... grrr
[09:40] {jdetente} dang too early
01[09:40] {Threei}  I mean 1:4
[09:40] {cipher} ctrp l .08
01[09:41] {Threei}  let's close GDXC
01[09:41] {Threei}  GDX
[09:43] {dino} partial fill l for .55
[09:44] {cipher} out ctrp .28 +.20
[09:45] {cipher} mktx l .00
01[09:45] {Threei} Short Setup: SLW  .80 break
01[09:46] {Threei}  If holds  .90
[09:46] {patel} jumped my entry
[09:46] {cipher} out mktx .88 -.12
[09:46] {scottie} too fast
[09:47] {Will49} missed
01[09:47] {Threei}  hah... look at GDX
01[09:47] {Threei}  does this thing move in inverse relation with SPY?
01[09:47] {Threei}  SLW 1:1 if anyone got it
[09:47] {jdetente} no fill
[09:48] {dino} out for flat
[09:49] {cipher} mktx l .00
01[09:50] {Threei} Long Setup:  LVS  .05 break hl
[09:51] {dino} vntv sm l .10 gappy, wide
[09:53] {cipher} out mktx .90 -.10
01[09:53] {Threei}  Invalidated
01[09:54] {Threei}  was two-sided eh
[09:54] {jdetente} stinkin' SLW....
[09:55] {jdetente} that was a good one if anyone got it
01[09:56] {Threei} Long Setup:  CAT  .40 break hl
[09:56] {cipher} vsat l .31
01[09:56] {Threei}  If holds  .30
01[09:56] {Threei}  ugh LVS
[09:57] {dino} out vntv .70, +.60
[09:57] {scottie} fast again
[09:57] {Will49} likewise
[09:57] {jdetente} jeepers\
[09:58] {thomcbell} long setup rrc thru 71.15 half lot
[09:59] {patel} missed it.
[09:59] {patel} this sucks
[09:59] {dino} lad
01[09:59] {Threei} Short Setup: LVS  .60 break
01[10:00] {Threei}  hl
[10:00] {cipher} mktx l .53
01[10:00] {Threei}  (EU) EURO ZONE FEB ADVANCED CONSUMER CONFIDENCE: -23.6 V -23.2E
01[10:01] {Threei}  (US) S&P Reports On Exceptional Accounting Items- Companies that report underlying earnings figures under International Financial Reporting Standards (IFRS) can misrepresent their past and future earnings when they separate out exceptional items, says a report published by Standard & Poor's Ratings Services. Titled "How Exceptional Accounting Items Can Create Misleading Earnings Metrics," the report argues that scrutinizing exceptional items can give a clearer view of a company's financial performance.
01[10:01] {Threei}  heh
[10:02] {jdetente} there's 1:1
[10:02] {dptl} ?
[10:02] {jdetente} sorry I took an aggressive entry
[10:02] {jdetente} got 1:1 on my entry
[10:03] {dino} mon drop
01[10:03] {Threei} Long Setup:  CAT  .40 break hl
01[10:03] {Threei}  If holds  .30
01[10:04] {Threei}  LVS stop .66
[10:05] {cipher} out mktx .00 +.47
01[10:05] {Threei}  no go
[10:05] {dptl} maan... out .73...jumpy thing
01[10:05] {Threei}  that's whny half lot
[10:06] {cipher} dino did you play MON?
[10:06] {dino} lad sm l .75
[10:07] {dino} out lad .30, +.55
[10:07] {cipher} wtg
[10:07] {dino} ty
[10:09] {dino} cipher, mon? no, lad took over, missed mon
[10:09] {cipher} I missed it too
[10:10] {cipher} didn't have the guts
[10:10] {cipher} looked whacked out
[10:10] {dino} thought it would go for 96 area gap
[10:10] {dino} see what happens when i think
[10:10] {cipher} I know brotha
[10:10] {dptl} DHI .70 short?
01[10:11] {Threei}  20 cents reange?
[10:11] {cipher} panl l .13
[10:12] {cipher} snfca l .29
[10:13] {scottie} out +.10 tks Vad
01[10:13] {Threei}  CAT 1:1
[10:15] {cipher} out panl .32 +.19
[10:16] {cipher} out vsat .49 +.18
[10:17] {dino} gj
[10:17] {cipher} snfca stop .22 -.07
[10:18] {dptl} COH .70 short?
01[10:18] {Threei}  CAT 1:2, out
[10:18] {Will49} Tks Vad
01[10:18] {Threei}  yw
01[10:19] {Threei}  COH, hl
01[10:23] {Threei}  wow CAT
01[10:23] {Threei}  talk about too soon
[10:25] {dino} sah partial l .45
[10:26] {dptl} still valid coh i think
[10:27] {dptl} nah
01[10:28] {Threei} Short Setup: SLW  33 break
01[10:28] {Threei}  If holds  .10
[10:30] {thomcbell} rrc 1:1
[10:31] {patel} UPS short under .45??
01[10:31] {Threei}  not too delighted
01[10:32] {Threei}  on a narrow side
[10:37] {dino} stop sah -.10 .35
[10:44] {scottie} FCX s 33 ?
[10:45] {nemo} S3 is .82
[10:46] {scottie} tks
01[10:50] {Threei}  frikin SLW
01[10:50] {Threei}  got away
[10:51] {dino} trn sm l .40 stop lod
01[11:03] {Threei}  how about that "another slow creep-up day"? :)
01[11:04] {Threei}  can you believe SLW?
01[11:04] {Threei}  FCX worked nicely too
[11:05] {Will49} yes, tks scottie +.11
[11:05] {scottie} good for you will, I didn't take it
[11:05] {Will49} small scalp
[11:06] {Will49} if Vad had sanctioned it, would have gone full load :)
[11:06] {Will49} kidding scottie
[11:06] {scottie} lol
[11:06] {scottie} me too :)
01[11:06] {Threei}  gosh, I just was away from computer for two min... :)
03[11:06] * Retrieving #discussions modes...
[11:06] {scottie} diapers Vad, diapers...
[11:07] {Will49} lol
01[11:08] {Threei}  I keep the stock for the day when I decide my life is too boring ad trade GOOG and AAPL all day
[11:08] {scottie} lol
[11:09] {Will49} :)
[11:15] {dino} arii sm l .49
01[11:26] {Threei}  we have FOMC minutes today btw
[11:26] {dptl} PAY .20 long?
[11:27] {dino} crus drop
01[11:27] {Threei}  can't tell on PAY
[11:27] {dptl} k
01[11:27] {Threei}  no determintion
01[11:28] {Threei}  (US) Market rumors circulating this morning that a commodities hedge fund is "blowing up" - financial press**Note: The chatter has been vague so far, with no names be suggested
[11:31] {dino} crus sm l .01
[11:31] {Will49} *&^%%% charts gone again
[11:32] {dptl} yeah something is there...everyday charts problems lately
[11:35] {Will49} dp...do use laser version 5 or 6?
[11:35] {dptl} old one 5.4.371
[11:36] {Will49} same here
[11:37] {Will49} anyone using version 6 and still have charts?
01[11:38] {Threei}  I use 5 and still have them
[11:38] {Will49} strange
[11:40] {dptl} yeah mine just gone
[11:41] {Will49} mine are back!
[11:42] {Will49} could it be Shaw throttling data flow?
[11:44] {dptl} no
[11:44] {dptl} dont think so
01[11:44] {Threei}  I am on shaw
[11:44] {dptl} something with soft
[11:45] {dino} aapl vsm l .60 wide
[11:45] {dptl} Vad you dont have gup on charts now?
[11:45] {dptl} gap
01[11:45] {Threei}  now I do
[11:45] {dptl} there
01[11:45] {Threei}  pattern is:
01[11:45] {Threei}  my charts wortk fine when you guys start complaining,
01[11:46] {Threei}  "command center" reserts server,
01[11:46] {Threei}  your charts are back,
01[11:46] {Threei}  mine are out,
01[11:46] {Threei}  I change server andf get gaps which I hadn't had before.
01[11:46] {Threei}  so it's all your fault as far as I am concerned
[11:47] {dptl} yes thats what is going on lataly
[11:47] {dptl} lol
[11:47] {scottie} MDT s .70 ?
01[11:47] {Threei}  I think so
01[11:48] {Threei}  with this gap in chart these folks caused it's harder for me to tell, lol
[11:48] {dptl} use freestockcharts
01[11:48] {Threei} Short Setup: PAY  32 break
[11:50] {scottie} stop .
[11:50] {scottie} 07 ?
01[11:51] {Threei}  according to my charts crippled by dp... yes :)
[11:51] {scottie} stop that dp will ya
[11:51] {dptl} scottie you use laser too?
[11:52] {scottie} no, back to DDplus
[11:52] {dptl} i see
[11:54] {dptl} is that disnat?
[11:54] {scottie} yes
[11:59] {dino} cste drop
[12:04] {Will49} what time do FOMC minutes come out?
01[12:04] {Threei}  2
[12:04] {jdetente} 2 Eastern
[12:04] {Will49} tks
01[12:04] {Threei}  PAY 1:1
[12:07] {nemo} DAS Trader is having problems with it's quote systems too...frickin' chinese hackers
[12:13] {dptl} MPC .80 short?
01[12:14] {Threei}  even hl is a bit too much
[12:15] {dptl} stopped... half lot
01[12:15] {Threei}  sigh
01[12:16] {Threei}  do you even look at level 2?
[12:16] {dptl} ye thats why half
01[12:16] {Threei}  look what I said
01[12:17] {Threei}  first sentence of e-mail that is sure to make it take it seriously:
01[12:17] {Threei}  Hello,
01[12:17] {Threei}  I wish to inform you that this letter is not a hoax mail and I urge you to treat it serious.
[12:17] {dptl}  ye..but i  was already in
01[12:17] {Threei}  that's why I aske, do you even look at level 2
01[12:17] {Threei}  the gaps between levels, the sizes
01[12:18] {Threei}  that was a stock for 200 shares
01[12:18] {Threei}  maybe 3
01[12:18] {Threei}  unless you are dino
[12:19] {dino} hey!
01[12:19] {Threei}  yes sir?
[12:19] {dino} out aapl .50, +.90
[12:21] {dino} crusto b/e
[12:23] {dino} out arii .12, +.63
[12:30] {dptl} DD short?
01[12:30] {Threei}  nah
[13:02] {thomcbell} short setup CAT - 94.03 break if holding 94.13
[13:07] {thomcbell} cat no go
01[13:30] {Threei} Short Setup: GLD  .80 break hl
01[13:31] {Threei}  If holds  .85
01[13:32] {Threei}  Invalidated
[13:46] {dptl} BHI .30 short?
[13:47] {dptl} also CLF .30 sh?
[13:48] {dptl} clf not available
[13:48] {patel} be careful FOMC minutes are a few minutes away
01[13:48] {Threei}  BHI, yes if SPY loses .50
[13:52] {dptl} NTAP short?
01[13:53] {Threei}  don't know
[13:53] {dptl} k
01[14:01] {Threei}  *(US) MINUTES OF THE JAN 30 FOMC MEETING: SOME MEMBERS FELT THERE WAS A NEED TO TAPER PURCHASES; EXPLORING USE OF FED FORECAST TO RELAY INFORMATION ON ASSET PURCHASES
01[14:01] {Threei}  uh oh
01[14:01] {Threei}  where is ese
01[14:01] {Threei}  I want him to see what happens to the market when Fed merely mulls over stopping purchases
01[14:06] {Threei}  there is long list of what else they discussed
01[14:06] {Threei}  want me to post it or don't want to bother?
[14:06] {dptl} ah  whats the use
[14:06] {Will49} all BS anyway
01[14:07] {Threei}  thought so :)
[14:07] {dptl} yeah lol
01[14:07] {Threei}  worst yet, it's not funny kind of BS
[14:07] {Will49} if it doesn't help us trade...fageddaboudit
[14:07] {dptl} sure..its all global warming after all
[14:10] {dptl} VLO .50 long?
[14:13] {dino} tex sm l .04 stop lod
[14:13] {dptl} invalidated vlo
[14:13] {dino} stopped
01[14:19] {Threei} Long Setup:  VLO  .25 break hl
01[14:19] {Threei}  If holds  .15
[14:19] {scottie} missed
01[14:19] {Threei}  1:1, and good luck getting that fill
[14:19] {Will49} missed
[14:20] {patel} missed it. dflkadflj;sdaflk;jsa
[14:20] {scottie} right
[14:32] {dino} what am i missing on the commodity dump?
[14:33] {dptl} KBH .30 short?
01[14:33] {Threei}  gotta read all that bs to find out which exact line caused it
01[14:33] {Threei}  KBH, yes
[14:37] {dptl} freaking charts stop again
[14:38] {Will49} mine too
01[14:41] {Threei} Short Setup: SLW  .30 break
01[14:41] {Threei}  If holds  .40
01[14:49] {Threei}  1:1
[14:49] {dptl} out ty
01[14:50] {Threei}  KBH too
[14:50] {dptl} out kbh ty
01[14:51] {Threei}  yw
01[14:51] {Threei}  patel, you got those?
[14:51] {nemo} guys...
[14:51] {nemo} sorry I'm falling down on the job...
[14:51] {nemo} My insults have become anemic
[14:51] {patel} patel got SLW
[14:51] {nemo} no edge
[14:51] {patel} :) thanks
[14:51] {nemo} listless
01[14:51] {Threei}  whew
[14:51] {patel} all out now
01[14:51] {Threei}  1:2 SLW
01[14:51] {Threei}  out
[14:52] {patel} took my eye off KBH
01[14:52] {Threei}  nemo, that's OK for now, but get your act together please
[14:52] {Will49} out tks
01[14:52] {Threei}  we count on you to maintain your edge
[14:52] {jdetente} nice one ty
[14:52] {scottie} gotta go, see you tomorrow
06[14:52] * dino slaps nemo around a bit with a large trout
01[14:52] {Threei}  on your insilts to be stinging
[14:52] {nemo} yeah, it's that sunlight thing and the winter...btw bunny has become vicious
01[14:52] {Threei}  take care scottie'
[14:52] {nemo} she's decided that under my father's bed is her hutch
[14:52] {nemo} He gets to close, she attacks
[14:53] {Will49} see ya scottie
[14:53] {nemo} It's a real comedy act watching an 80 year old with an oxygen bottle swinging his leg back and forth trying to dislodge a crazed rabbit
[14:54] {dino} lol
[14:54] {nemo} Brings back fond memories of Monty Python
[14:54] {nemo} Dino...I'm totally serious
[14:54] {dino} i believe you, was picturing it
[14:58] {nemo}  I warned him this morning, it might be good idea to keep his pants on as he likes to sit at the computer in his boxers...turned out to be a good idea
[15:00] {dptl} i just checked new version laser
[15:00] {dptl} same problem with charts
[15:01] {Will49} so, their servers then?
01[15:01] {Threei}  it's either on server level or on exchange level or on routing level
01[15:01] {Threei}  not on software
[15:02] {dptl} yeah  i let CC know..it happens few times a week now
01[15:02] {Threei}  is server, it will affect users of this particular broker; if exchange, it will affect everyone; if at routing, it will affect certain areas
[15:02] {nemo} as I said...DAS Trader was having problems with quote servers earlier
01[15:02] {Threei}  yes, and that indicates exchange level
[15:02] {nemo} frickin' Chinese hackers probably
01[15:02] {Threei}  or that
01[15:02] {Threei}  lol
[15:02] {nemo} time for a missile test...or two
[15:04] {dptl} ANF short?
01[15:05] {Threei}  small shares
[15:05] {dptl} late
[15:05] {nemo} caeful dp this drop is coming into SERIOUS support in the SPY
[15:06] {dptl} k
[15:09] {dptl} LRCX 42 long? i think its ready for bounce
01[15:10] {Threei}  out KBH in full
[15:11] {dino} esv sm l .35
[15:14] {dptl} oops...got to go...see ya tomorrow all
[15:14] {Will49} peace dp
01[15:15] {Threei}  take care
[15:15] {dino} cya
[15:15] {patel} take care
01[15:16] {Threei}  wow, KBH had even more in it
01[15:20] {Threei} Short Setup: FCX  .20 break
01[15:21] {Threei}  If holds  .30
01[15:23] {Threei}  Invalidated
01[15:24] {Threei}  (US) White House planning to use trade tools to prevent trade secret theft from countries including China- Aiming to increase enforcement against trade theft - Calls on Congress to increase maximum sentence for economic espionage to at least 20 years - Will launch 3 month study to determine if legislation is necessary to strengthen law enforcement efforts
[15:25] {nemo} missile test
01[15:25] {Threei}  will launch 3 months study - hear that earthquake? That's entire population of China rolled on the floor laughing
[15:25] {Will49} hahaha
[15:26] {dino} stop esv -.20
[15:26] {dino} lol
01[15:26] {Threei}  and hear that tsunami? that's them falling out of their chairs when they read study of what - whether legilslation is necessary
[15:26] {nemo} they're going for the spy stops below .50
01[15:27] {Threei}  which means that if the study shows that yes, it is, next 6-month stidy will detremine what legislation
01[15:27] {Threei}  anf then we will spend 2 years preparing legislation
01[15:27] {Threei}  and 2 years arguing about it
01[15:28] {Threei}  and by the time chinese hackers report to government "we are done, nothing left to steal over there" we ill be fully ready
[15:28] {Will49} good thing you're not skeptical Vad :)
01[15:31] {Threei}  me?? never
01[15:31] {Threei}  FCX
01[15:31] {Threei}  valid again
01[15:42] {Threei}  1:1
[15:48] {Will49} out +.11 tks Vad
[15:48] {nemo} bears are pitching bulls are catching
[15:48] {jdetente} lol
[15:48] {jdetente} that's a little graphic nemo...haha
[15:48] {nemo} this is the level for the month on spy.  They gap it down tomorrow bulls get real nervous
[15:48] {nemo} I'm into sports metaphors, what are YOU talking about.
[15:48] {nemo} ?
01[15:49] {Threei}  jd, don't even think about answering that
[15:49] {jdetente} I said nothing. carry on
[15:49] {nemo} mmmhhhh...he's smarter than Will
[15:50] {Will49} yeah...sniff
[15:51] {nemo} my other trading buddy decided to go long spy at 152 10k shares, just baling now
[15:51] {nemo} owwwwwwwwwwwwww
[15:51] {jdetente} ouch
01[15:51] {Threei}  you'd do well suggesting him to visit our room
[15:51] {dino} ouch
[15:52] {patel} yikes....
[15:52] {nemo} nah...it's his trading style, he's positive 80% of the month
[15:52] {nemo} today is an anomaly
[15:52] {Will49} surprised you even have one other buddy
[15:52] {nemo} we're below S3 on the SPY
01[15:52] {Threei}  lol
[15:52] {nemo} first time BTFD! hasn't worked in a long time
[15:53] {nemo} did Will say something?
01[15:53] {Threei}  meanwhile in our little kingdom of winning, FCX is close enough to 1:2
01[15:53] {Threei}  out .02
[15:53] {Will49} my ghost
[15:53] {nemo} soon to be, yes
[15:53] {Will49} ha..got ya
[15:53] {nemo} no..gonna' get you
[15:54] {Will49} :)
[15:54] {nemo} wow, this will start bringing out the stops down here, this means they likely gap it below 151 tomorrow
01[15:54] {Threei}  one of the best things abput today:
[15:54] {nemo} Too many people long, Wall Street has to shake the shares loose so they can buy cheaper
01[15:54] {Threei}  market changed its behavior drastically, yet we continue winning streak
[15:55] {Will49} and nemo was fairly quiet?
[15:55] {nemo} well you're the king of trading limit down days
01[15:55] {Threei}  yes but such radical changes often cause pause in our profitable streaks
01[15:55] {Threei}  not this time
[15:56] {nemo} Actually, I've noticed you tend to do rather well on strong down days
[15:56] {Will49} i thought our streak was because I took a month off
[15:56] {nemo} No, your streak likely has to do with incontinence
[15:56] {Will49} lol
01[15:56] {Threei}  yes will, but then we endured and overcame
[15:57] {Will49} that's the old nemo we all love so much
[15:57] {nemo} I don't recommend holding long positions over night, unless it's a short or the vxx
[15:57] {Will49} another great day Vad...tks
01[15:57] {Threei}  yw
[15:58] {patel} have a great day everyone
[15:58] {patel} see you all tomorrow
[15:58] {jdetente} gn all
[15:59] {dino} gn all, thx
[15:59] {Will49} cheers guys
01[15:59] {Threei}  thank you all, have a good evening
01[15:59] {Threei}  see you tomorrow