ATTENTION: new course on chart patterns is available now: http://www.realitytrader.com/111trades.html
A level plays out. A tried and true trade there for the taking for 3 bucks!!!
Here's the Vid:
http://www.youtube.com/watch?v=2tyPTaaI-Kk
Wednesday, December 21, 2011
Dec 21 2011
ATTENTION: new course on chart patterns is available now: http://www.realitytrader.com/111trades.html
Decent day with two stops and 5 wins - have to sit through the traditional afternoon boredom.
Session Time: Wed Dec 21 00:00:00 2011
[09:00] {Threei} I guess it's time to start looking around...
[09:10] {dino} gm
[09:11] {Threei} dino :)
[09:14] {Threei} poor ORCL
[09:17] {JK13} gm
[09:17] {Threei} jk :)
[09:20] {Threei} uncertain pre-market
[09:21] {Threei} a bit down, a bit up
[09:23] {Threei} total mystery: strong demand for LTRO is taken as positive?
[09:23] {Threei} if anything, it demonstrates how badly EU financial system is damanged
[09:25] {Threei} RIMM sees strength on afer-market reports on a few bids considered by AMZN and MSFT+Nok
[09:25] {Threei} none of them proceeded with actual bids though
[09:27] {nemo} Is anyone going to greet me?
06[09:27] * Threei slaps nemo around a bit with a large trout
[09:27] {thomcbell} NEMO!
[09:27] {Threei} will that do?
[09:27] {nemo} do I have a choice?
[09:27] {dino} side track day for me, buying forclosure, and hopefully selling a couple lots
[09:27] {Threei} good luck dino
[09:28] {dino} ty
[09:30] {Threei} Short Setup: RIMM 14 break half lot
[09:30] {Threei} invalidated
[09:30] {Threei} on radar but let's let it calm down a little
[09:31] {Threei} valid again
[09:32] {Threei} in
[09:32] {Threei} half out
[09:32] {Threei} stop to .05
[09:33] {thomcbell} lvs nasty
[09:33] {Threei} out RIMM in full
[09:33] {Threei} +.19
[09:34] {JK13} tks Vad +.12
[09:34] {Threei} welcome
[09:35] {nemo} SPY pivot 123.41
[09:35] {Threei} prepare smaller shares on RHT long
[09:35] {Threei} if dives to 40.10
[09:36] {Threei} ok
[09:36] {Threei} recross is long
[09:36] {nemo} watch for tna bounce play off spy
[09:36] {Threei} in
[09:36] {Threei} .95 stop
[09:36] {Threei} 1:1
[09:36] {Threei} pulp... dino stock
[09:37] {JK13} tks Vad +.10
[09:37] {Threei} :)
[09:38] {thomcbell} qcom short the retrace back up to 53.95 Vad
[09:38] {thomcbell} nasty bar on qcom and klac
[09:39] {Threei} if gets there, sure will be interesting
[09:40] {Threei} Short Setup: LVS .50 break
[09:40] {Threei} stop above .60
[09:40] {Threei} target 1:3
[09:41] {Threei} 1:1
[09:42] {Threei} 1:2
[09:43] {Threei} stop .45 for the balance
[09:43] {JK13} tks Vad +.14
[09:44] {Threei} not fooling around today eh jk :)
[09:44] {JK13} yap
[09:49] {Threei} Long Setup: SLW .70 break
[09:49] {Threei} if stays above .60
[09:49] {Threei} invalidated
[09:52] {nemo} CHKP took a tumble
[09:53] {cipher} +.28 chkp thx nemo
[09:54] {Threei} nice
[09:55] {nemo} yw
[09:55] {nemo} watch for a move towards 52.75
[09:56] {Threei} this is one bizarre headline:
[09:56] {Threei} CN) US Treasury Official: Sec Geithner and China Vice Premier Wang earlier discussed the global economic situation and the US and China economies- CNBC notes the call comes after a report that Chinese hackers allegedly tried to break into the databases of the US Chamber of Commerce.
[09:56] {Threei} numbers in 4 min, let's take a breather
[09:57] {nemo} there oes chkp
[09:58] {nemo} please tell me somebody took it?
[09:58] {thomcbell} slw defending pivot nicely
[09:58] {nemo} is it after noon somewhere?
[09:59] {nemo} spy at 2010 bottom retracement, these have been significant
[10:00] {cipher} i'm in nemo
[10:00] {Threei} *(US) NOV EXISTING HOME SALES: 4.42M V 5.05ME- Prior revised lower from 4.97M to 4.25M
[10:00] {Threei} wow
[10:00] {nemo} oh shit
[10:00] {Threei} big revision
[10:01] {nemo} we're at weekly pivot on spy
[10:02] {Threei} (EU) France Fin Min Baroin: The ECB LTRO operation has been a success, these liquidity operations comprise a powerful tool
[10:02] {Threei} seriously?
[10:02] {nemo} wtf
[10:02] {Threei} these guys worry about nice soundbite above all
[10:04] {RonS} NAR revises 2010 Home Sales by 4 million homes, admits they are mainly keeping data at this point "for tradition"
[10:04] {RonS} ...think it means "we have lied before and expect to do so again"
[10:07] {nemo} chkp acting well bids coming through in spy futures
[10:14] {thomcbell} lvs - angry today
[10:15] {Threei} Long Setup: RIMM .45 break
[10:15] {Threei} if stays above .35
[10:18] {Threei} target 1:2
[10:24] {Threei} no go
[10:30] {Threei} *(US) DOE CRUDE: -10.6M V -3ME; GASOLINE: -410K V +500KE; DISTILLATE: -2.3M V -500KE
[10:40] {Threei} Short Setup: LVS .60 break
[10:40] {Threei} if stays under .70
[10:41] {Threei} target 1:2
[10:42] {Threei} 1:1
[10:47] {Threei} scalpers win
[10:51] {Threei} now LVS is at 1:2
[11:02] {Threei} Short Setup: FCX .20 break
[11:06] {Threei} 1:1
[11:17] {Threei} Short Setup: GLD .60 break half lot
[11:18] {Threei} if stays under .70
[11:19] {Threei} correct to .65 break and .75 stop
[11:22] {Threei} no worky
[11:24] {Threei} rinse
[11:28] {cipher} cat l .14
[11:29] {Threei} nice entry
[11:29] {cipher} out 1/3 .@30
[11:39] {RonS} what happens to free money: http://tinyurl.com/cd8qael
[11:40] {cipher} cat stopped @.20 +.06
[11:41] {RonS} yea...got a new computer and finally have the damn thing set up how i want
[11:43] {RonS} tibx
[11:43] {Threei} I am trying to uinderstand the implications of this article
[11:44] {Threei} so, they essentially printed new and "temporary" money
[11:44] {Threei} correct?
[11:45] {RonS} cnbc calling it a backdoor bazooka QE
[11:45] {RonS} so, yes...
[11:45] {Threei} their hope that it's temporary is based on an assumption that in a course of three years banks will be able to right themselves and return the loans
[11:45] {Threei} but the problem isn't so much the banks themselves
[11:45] {RonS} fosters a carry trade so will help short term
[11:46] {Threei} problem is sovereign states debt, and it's a big question whether banks will use this money to help with that
[11:46] {Threei} if they don't nothing changed
[11:46] {Threei} if they do, they simply took the risk on themselves
[11:46] {Threei} either way, I hgihly doubt that newly minted money will be easy to withdraw
[11:47] {RonS} the other way to look at it is that it takes the funding pressure off the banks
[11:47] {Threei} right
[11:47] {Threei} but nothing changed with states
[11:47] {Threei} their fear was that if states go bust, banks will do too
[11:48] {Threei} this funding might take that pressure off,
[11:48] {RonS} but kind of a first step towards restoring confidence
[11:48] {Threei} but at the same time it means that this money won't be withdrawn
[11:48] {Threei} so it's essentially permanent money printing, something they denied all along
[11:49] {Threei} fine, let's assume they found the way around legal obstacles on the way of money printing by ECB,
[11:49] {Threei} ten the next question is: is 600B enough?
[11:50] {RonS} lol...Isolated compound, private air transportation, toy factory ownership...oh shit! Santa's in the 1%
[11:50] {Threei} 'cause there are plenty of sources putting the umbers in a few T
[11:50] {Threei} lol
[11:56] {RonS} this guy did not even need a nickname: GM Said to Hire Hackett to Identify Job Cuts
[11:56] {Threei} rofl
[11:56] {dino} 3tneeded is number i'm hearing
[11:56] {cipher} news ibm?
[11:56] {RonS} oracle missed...
[11:57] {Threei} nothing fresh on IBM
[11:57] {cipher} thx
[11:59] {dino} ceg drop
[12:01] {dino} news?
[12:01] {Threei} yes
[12:02] {Threei} CEG US Govt files lawsuit to prevent merger with Exelon - financial press - Note: In November Shareholders approved merger with Exelon where Constellations
[12:02] {Threei} shareholders will receive 0.930 shares of Exelon common stock in exchange for each share of Constellation common stock (implied $38.59/shr in stock)
[12:03] {dino} ty
[12:07] {RonS} DOJ Clears Exelon-Constellation Energy Merger, With Conditions 12/21 10:06 AM
[12:07] {RonS} DOJ: Companies To Divest Three Electricity Generating Plants In Maryland 12/21 10:06 AM
[12:09] {RonS} can you spell flush?...
[12:09] {dino} wow
[12:09] {dino} f-job more like it
[12:16] {Threei} look at this:
[12:16] {Threei} Constellation Energy Group Inc US Govt will approve Exelon merger with conditions - financial press (corrected)- Approval conditions will require divestiture three electricity generation plans in Maryland. - Note: the initial financial press report made it appear as though regulators were preparing to file a lawsuit to prevent the merger.
[12:21] {RonS} thanks dave...
[12:21] {RonS} :)
[12:28] {Threei} EU) S&P comments on EU rescue funds; sees capacity possibility declined by a third following any possible downgrade of France
[12:29] {Threei} Estimates decline of fund to approx �295B
[12:32] {RonS} things that make you go hmmm: http://tinyurl.com/85bnqbk
[12:44] {Threei} Iowa: Romney 25% Paul 20% Gingrich 17%
[13:49] {RonS} simon & garfunkel?
[13:49] {Threei} umm?
[13:49] {RonS} sounds of silence
[13:50] {RonS} so, would you call btu a c&h?
[13:51] {Threei} the ugliest one I've ever seen
[13:52] {RonS} ok, will keep looking for one uglier...
[13:53] {Threei} hehe
[13:59] {RonS} lol...Larry Ellison is now only part of the 1.25% today
[14:00] {RonS} The person I feel really bad for is Larry Ellison. Wait, a second. No I don't.
[14:05] {Threei} heh
[14:05] {Threei} that "99%" crap really took life on its own, eh
[14:43] {RonS} of so how bored am i? heard sp downgraded hungary to junk and thought of this: http://tinyurl.com/cygyj4j
[14:44] {Threei} lol
[14:45] {RonS} classic...right up there w/ "drop kick me jesus through the goal posts of life"
[14:48] {Threei} there is a confidence vote in Italy tomorrow re: austerity measures
[14:49] {Threei} I guess non-event
[14:49] {RonS} a case for summary execution imo: http://tinyurl.com/7vu3ymz
[14:51] {Threei} (US) Fitch: Updates fiscal projections for US
[14:51] {Threei} I wait in trepidation
[14:54] {Threei} - failure of the Congressional Joint Select Committee on Deficit Reduction (the so-called Super Committee) to agree on at least USD1.2 trillion of deficit reduction measures underlines the challenge of securing broad-based consensus on how to reduce the outsize budget deficit and contain the rise in federal debt.
[14:54] {Threei} By postponing the difficult decisions on tax and spending until after the forthcoming Congressional and Presidential elections, the scale and pace of required deficit reduction will consequently be greater. Even under optimistic economic and fiscal policy assumptions, Fitch believes that at least USD3.5 trillion of additional deficit reduction measures will be required to stabilise federal debt (held by the public) at around 90% of GDP in the latter half of the current decade.
[14:55] {Threei} Fitch's latest fiscal and economic projections imply that federal debt held by the public will exceed 90% of GDP by the end of the decade. Federal debt will rise in the absence of expenditure and tax reforms that would address the challenges of rising health and social security spending as the population ages. The high and rising federal and general government debt burden is not consistent with the U.S. retaining its 'AAA' status despite its other fundamental sovereign credit strengths.
[14:55] {Threei} The Rating Outlook on the U.S. 'AAA' sovereign rating was revised to Negative from Stable on Nov. 28, 2011 in light of revisions to Fitch's medium-term fiscal projections following the failure of the Super Committee to reach an agreement. This reflects Fitch's declining confidence that timely fiscal measures necessary to place U.S. public finances on a sustainable path and secure the 'AAA' sovereign rating will be forthcoming.
[14:55] {Threei} In the absence of material shocks, Fitch does not expect to resolve the Rating Outlook until 2013.
[14:55] {Threei} A key task of an incoming Congress and Administration in 2013 is to formulate a credible plan to reduce the budget deficit and stabilise the federal debt burden. Without such a strategy, the sovereign rating will likely be lowered by the end of 2013. Agreement will also have to be reached on raising the federal debt ceiling, which is expected to become binding in the first half of 2013.
[15:00] {RonS} Merry Christmas to all...out until next wednesday...little california trip to the beach
[15:00] {RonS} ;)
[15:00] {Threei} nice
[15:00] {Threei} have fun'
[15:01] {Threei} Merry Christmas
[15:01] {RonS} ty
[15:01] {Threei} volume less and less ever day
[15:01] {Threei} holiday trading at its best
[15:33] {Threei} ETR Reports that it has discovered a small amount of Tritium (radioactive substance) in a Connecticut river near the Vermont Yankee nuclear reactor - financial press
[15:33] {Threei} gret... just what we need
[15:43] {JK13} Thanks and have a nice evening Vad
[15:43] {Threei} have a good one jk
[15:44] {Threei} I too vcan't stand all the excitement anymore
[15:44] {Threei} thank you all, have a good evning guys
[15:44] {Threei} let's continue tomorrow
Decent day with two stops and 5 wins - have to sit through the traditional afternoon boredom.
Session Time: Wed Dec 21 00:00:00 2011
[09:00] {Threei} I guess it's time to start looking around...
[09:10] {dino} gm
[09:11] {Threei} dino :)
[09:14] {Threei} poor ORCL
[09:17] {JK13} gm
[09:17] {Threei} jk :)
[09:20] {Threei} uncertain pre-market
[09:21] {Threei} a bit down, a bit up
[09:23] {Threei} total mystery: strong demand for LTRO is taken as positive?
[09:23] {Threei} if anything, it demonstrates how badly EU financial system is damanged
[09:25] {Threei} RIMM sees strength on afer-market reports on a few bids considered by AMZN and MSFT+Nok
[09:25] {Threei} none of them proceeded with actual bids though
[09:27] {nemo} Is anyone going to greet me?
06[09:27] * Threei slaps nemo around a bit with a large trout
[09:27] {thomcbell} NEMO!
[09:27] {Threei} will that do?
[09:27] {nemo} do I have a choice?
[09:27] {dino} side track day for me, buying forclosure, and hopefully selling a couple lots
[09:27] {Threei} good luck dino
[09:28] {dino} ty
[09:30] {Threei} Short Setup: RIMM 14 break half lot
[09:30] {Threei} invalidated
[09:30] {Threei} on radar but let's let it calm down a little
[09:31] {Threei} valid again
[09:32] {Threei} in
[09:32] {Threei} half out
[09:32] {Threei} stop to .05
[09:33] {thomcbell} lvs nasty
[09:33] {Threei} out RIMM in full
[09:33] {Threei} +.19
[09:34] {JK13} tks Vad +.12
[09:34] {Threei} welcome
[09:35] {nemo} SPY pivot 123.41
[09:35] {Threei} prepare smaller shares on RHT long
[09:35] {Threei} if dives to 40.10
[09:36] {Threei} ok
[09:36] {Threei} recross is long
[09:36] {nemo} watch for tna bounce play off spy
[09:36] {Threei} in
[09:36] {Threei} .95 stop
[09:36] {Threei} 1:1
[09:36] {Threei} pulp... dino stock
[09:37] {JK13} tks Vad +.10
[09:37] {Threei} :)
[09:38] {thomcbell} qcom short the retrace back up to 53.95 Vad
[09:38] {thomcbell} nasty bar on qcom and klac
[09:39] {Threei} if gets there, sure will be interesting
[09:40] {Threei} Short Setup: LVS .50 break
[09:40] {Threei} stop above .60
[09:40] {Threei} target 1:3
[09:41] {Threei} 1:1
[09:42] {Threei} 1:2
[09:43] {Threei} stop .45 for the balance
[09:43] {JK13} tks Vad +.14
[09:44] {Threei} not fooling around today eh jk :)
[09:44] {JK13} yap
[09:49] {Threei} Long Setup: SLW .70 break
[09:49] {Threei} if stays above .60
[09:49] {Threei} invalidated
[09:52] {nemo} CHKP took a tumble
[09:53] {cipher} +.28 chkp thx nemo
[09:54] {Threei} nice
[09:55] {nemo} yw
[09:55] {nemo} watch for a move towards 52.75
[09:56] {Threei} this is one bizarre headline:
[09:56] {Threei} CN) US Treasury Official: Sec Geithner and China Vice Premier Wang earlier discussed the global economic situation and the US and China economies- CNBC notes the call comes after a report that Chinese hackers allegedly tried to break into the databases of the US Chamber of Commerce.
[09:56] {Threei} numbers in 4 min, let's take a breather
[09:57] {nemo} there oes chkp
[09:58] {nemo} please tell me somebody took it?
[09:58] {thomcbell} slw defending pivot nicely
[09:58] {nemo} is it after noon somewhere?
[09:59] {nemo} spy at 2010 bottom retracement, these have been significant
[10:00] {cipher} i'm in nemo
[10:00] {Threei} *(US) NOV EXISTING HOME SALES: 4.42M V 5.05ME- Prior revised lower from 4.97M to 4.25M
[10:00] {Threei} wow
[10:00] {nemo} oh shit
[10:00] {Threei} big revision
[10:01] {nemo} we're at weekly pivot on spy
[10:02] {Threei} (EU) France Fin Min Baroin: The ECB LTRO operation has been a success, these liquidity operations comprise a powerful tool
[10:02] {Threei} seriously?
[10:02] {nemo} wtf
[10:02] {Threei} these guys worry about nice soundbite above all
[10:04] {RonS} NAR revises 2010 Home Sales by 4 million homes, admits they are mainly keeping data at this point "for tradition"
[10:04] {RonS} ...think it means "we have lied before and expect to do so again"
[10:07] {nemo} chkp acting well bids coming through in spy futures
[10:14] {thomcbell} lvs - angry today
[10:15] {Threei} Long Setup: RIMM .45 break
[10:15] {Threei} if stays above .35
[10:18] {Threei} target 1:2
[10:24] {Threei} no go
[10:30] {Threei} *(US) DOE CRUDE: -10.6M V -3ME; GASOLINE: -410K V +500KE; DISTILLATE: -2.3M V -500KE
[10:40] {Threei} Short Setup: LVS .60 break
[10:40] {Threei} if stays under .70
[10:41] {Threei} target 1:2
[10:42] {Threei} 1:1
[10:47] {Threei} scalpers win
[10:51] {Threei} now LVS is at 1:2
[11:02] {Threei} Short Setup: FCX .20 break
[11:06] {Threei} 1:1
[11:17] {Threei} Short Setup: GLD .60 break half lot
[11:18] {Threei} if stays under .70
[11:19] {Threei} correct to .65 break and .75 stop
[11:22] {Threei} no worky
[11:24] {Threei} rinse
[11:28] {cipher} cat l .14
[11:29] {Threei} nice entry
[11:29] {cipher} out 1/3 .@30
[11:39] {RonS} what happens to free money: http://tinyurl.com/cd8qael
[11:40] {cipher} cat stopped @.20 +.06
[11:41] {RonS} yea...got a new computer and finally have the damn thing set up how i want
[11:43] {RonS} tibx
[11:43] {Threei} I am trying to uinderstand the implications of this article
[11:44] {Threei} so, they essentially printed new and "temporary" money
[11:44] {Threei} correct?
[11:45] {RonS} cnbc calling it a backdoor bazooka QE
[11:45] {RonS} so, yes...
[11:45] {Threei} their hope that it's temporary is based on an assumption that in a course of three years banks will be able to right themselves and return the loans
[11:45] {Threei} but the problem isn't so much the banks themselves
[11:45] {RonS} fosters a carry trade so will help short term
[11:46] {Threei} problem is sovereign states debt, and it's a big question whether banks will use this money to help with that
[11:46] {Threei} if they don't nothing changed
[11:46] {Threei} if they do, they simply took the risk on themselves
[11:46] {Threei} either way, I hgihly doubt that newly minted money will be easy to withdraw
[11:47] {RonS} the other way to look at it is that it takes the funding pressure off the banks
[11:47] {Threei} right
[11:47] {Threei} but nothing changed with states
[11:47] {Threei} their fear was that if states go bust, banks will do too
[11:48] {Threei} this funding might take that pressure off,
[11:48] {RonS} but kind of a first step towards restoring confidence
[11:48] {Threei} but at the same time it means that this money won't be withdrawn
[11:48] {Threei} so it's essentially permanent money printing, something they denied all along
[11:49] {Threei} fine, let's assume they found the way around legal obstacles on the way of money printing by ECB,
[11:49] {Threei} ten the next question is: is 600B enough?
[11:50] {RonS} lol...Isolated compound, private air transportation, toy factory ownership...oh shit! Santa's in the 1%
[11:50] {Threei} 'cause there are plenty of sources putting the umbers in a few T
[11:50] {Threei} lol
[11:56] {RonS} this guy did not even need a nickname: GM Said to Hire Hackett to Identify Job Cuts
[11:56] {Threei} rofl
[11:56] {dino} 3tneeded is number i'm hearing
[11:56] {cipher} news ibm?
[11:56] {RonS} oracle missed...
[11:57] {Threei} nothing fresh on IBM
[11:57] {cipher} thx
[11:59] {dino} ceg drop
[12:01] {dino} news?
[12:01] {Threei} yes
[12:02] {Threei} CEG US Govt files lawsuit to prevent merger with Exelon - financial press - Note: In November Shareholders approved merger with Exelon where Constellations
[12:02] {Threei} shareholders will receive 0.930 shares of Exelon common stock in exchange for each share of Constellation common stock (implied $38.59/shr in stock)
[12:03] {dino} ty
[12:07] {RonS} DOJ Clears Exelon-Constellation Energy Merger, With Conditions 12/21 10:06 AM
[12:07] {RonS} DOJ: Companies To Divest Three Electricity Generating Plants In Maryland 12/21 10:06 AM
[12:09] {RonS} can you spell flush?...
[12:09] {dino} wow
[12:09] {dino} f-job more like it
[12:16] {Threei} look at this:
[12:16] {Threei} Constellation Energy Group Inc US Govt will approve Exelon merger with conditions - financial press (corrected)- Approval conditions will require divestiture three electricity generation plans in Maryland. - Note: the initial financial press report made it appear as though regulators were preparing to file a lawsuit to prevent the merger.
[12:21] {RonS} thanks dave...
[12:21] {RonS} :)
[12:28] {Threei} EU) S&P comments on EU rescue funds; sees capacity possibility declined by a third following any possible downgrade of France
[12:29] {Threei} Estimates decline of fund to approx �295B
[12:32] {RonS} things that make you go hmmm: http://tinyurl.com/85bnqbk
[12:44] {Threei} Iowa: Romney 25% Paul 20% Gingrich 17%
[13:49] {RonS} simon & garfunkel?
[13:49] {Threei} umm?
[13:49] {RonS} sounds of silence
[13:50] {RonS} so, would you call btu a c&h?
[13:51] {Threei} the ugliest one I've ever seen
[13:52] {RonS} ok, will keep looking for one uglier...
[13:53] {Threei} hehe
[13:59] {RonS} lol...Larry Ellison is now only part of the 1.25% today
[14:00] {RonS} The person I feel really bad for is Larry Ellison. Wait, a second. No I don't.
[14:05] {Threei} heh
[14:05] {Threei} that "99%" crap really took life on its own, eh
[14:43] {RonS} of so how bored am i? heard sp downgraded hungary to junk and thought of this: http://tinyurl.com/cygyj4j
[14:44] {Threei} lol
[14:45] {RonS} classic...right up there w/ "drop kick me jesus through the goal posts of life"
[14:48] {Threei} there is a confidence vote in Italy tomorrow re: austerity measures
[14:49] {Threei} I guess non-event
[14:49] {RonS} a case for summary execution imo: http://tinyurl.com/7vu3ymz
[14:51] {Threei} (US) Fitch: Updates fiscal projections for US
[14:51] {Threei} I wait in trepidation
[14:54] {Threei} - failure of the Congressional Joint Select Committee on Deficit Reduction (the so-called Super Committee) to agree on at least USD1.2 trillion of deficit reduction measures underlines the challenge of securing broad-based consensus on how to reduce the outsize budget deficit and contain the rise in federal debt.
[14:54] {Threei} By postponing the difficult decisions on tax and spending until after the forthcoming Congressional and Presidential elections, the scale and pace of required deficit reduction will consequently be greater. Even under optimistic economic and fiscal policy assumptions, Fitch believes that at least USD3.5 trillion of additional deficit reduction measures will be required to stabilise federal debt (held by the public) at around 90% of GDP in the latter half of the current decade.
[14:55] {Threei} Fitch's latest fiscal and economic projections imply that federal debt held by the public will exceed 90% of GDP by the end of the decade. Federal debt will rise in the absence of expenditure and tax reforms that would address the challenges of rising health and social security spending as the population ages. The high and rising federal and general government debt burden is not consistent with the U.S. retaining its 'AAA' status despite its other fundamental sovereign credit strengths.
[14:55] {Threei} The Rating Outlook on the U.S. 'AAA' sovereign rating was revised to Negative from Stable on Nov. 28, 2011 in light of revisions to Fitch's medium-term fiscal projections following the failure of the Super Committee to reach an agreement. This reflects Fitch's declining confidence that timely fiscal measures necessary to place U.S. public finances on a sustainable path and secure the 'AAA' sovereign rating will be forthcoming.
[14:55] {Threei} In the absence of material shocks, Fitch does not expect to resolve the Rating Outlook until 2013.
[14:55] {Threei} A key task of an incoming Congress and Administration in 2013 is to formulate a credible plan to reduce the budget deficit and stabilise the federal debt burden. Without such a strategy, the sovereign rating will likely be lowered by the end of 2013. Agreement will also have to be reached on raising the federal debt ceiling, which is expected to become binding in the first half of 2013.
[15:00] {RonS} Merry Christmas to all...out until next wednesday...little california trip to the beach
[15:00] {RonS} ;)
[15:00] {Threei} nice
[15:00] {Threei} have fun'
[15:01] {Threei} Merry Christmas
[15:01] {RonS} ty
[15:01] {Threei} volume less and less ever day
[15:01] {Threei} holiday trading at its best
[15:33] {Threei} ETR Reports that it has discovered a small amount of Tritium (radioactive substance) in a Connecticut river near the Vermont Yankee nuclear reactor - financial press
[15:33] {Threei} gret... just what we need
[15:43] {JK13} Thanks and have a nice evening Vad
[15:43] {Threei} have a good one jk
[15:44] {Threei} I too vcan't stand all the excitement anymore
[15:44] {Threei} thank you all, have a good evning guys
[15:44] {Threei} let's continue tomorrow
Tuesday, December 20, 2011
Dec 20 2001
(Participation in the room in real time requires membership. Free trial is available)
Not really stellar day, with a few stops, fewer winning trades and just one serious win on RIMM short for 50 cents that saved the day. Still, merely made it flat. Holiday trading at its best.
Session Time: Tue Dec 20 00:00:00 2011
[03:08] {_kacraj} Hi
[07:26] {_kacraj} hi
[07:26] {_kacraj} is there anyone
[08:58] {Threei} OK... time to open one eye I guess
[09:00] {swill} one at a time. steady as she goes
[09:00] {Threei} yes... I am being conservative with this procedure
[09:01] {swill} very good dr.
[09:13] {dino} gm
[09:13] {Threei} dino :)
[09:16] {JK13} gm
[09:16] {Threei} jk :)
[09:17] {Threei} so, according to what headlines say, we get a gap up because nothing catastrophic happened overnight
[09:17] {Threei} well... as good a reason as any I guess
[09:17] {ese} morning
[09:17] {Threei} ese :)
[09:18] {Threei} before trading day starts, let me try and please your besual sense:
[09:18] {Threei} http://photography.realitytrader.com/2011/12/butchart-gardens-holiday-lights.html
[09:18] {ese} indeed
[09:19] {Threei} umm... that was supposed to be "visual"
[09:19] {RonS} thanks for that layout of the gardens 3i...brought back fond memories of our visit there almost 30 years ago
[09:19] {Threei} oh, it's very different now Ron
[09:19] {Threei} you need to come again
[09:20] {Threei} they took it up a few notches
[09:20] {ese} interestingly enough i've never been out to Butcharts at Christmas....keep hearing it's wonderful though
[09:21] {Threei} well, if these photos don't convince you to go, I failed in capturing the beauity :)
[09:21] {ese} and it is......just look at those phots
[09:21] {ese} photos
[09:24] {RonS} eur acting like a squeeze
[09:24] {Threei} looks that way
[09:24] {Threei} amazing how we all became currency t7raders this year
[09:26] {Threei} I wish I understand why someone would try to talk to me in the room in the middle of the night but fail to come in when we open
[09:30] {JK13} it was me and I was testing
[09:30] {Threei} lol
[09:30] {JK13} how dcc works
[09:31] {Threei} not you... someone else
[09:31] {RonS} nice phrase: Jefferies CEO: Will Operate On Reduced Balance Sheet Until 'We See Light In The World'
[09:31] {Threei} Short Setup: FCX .70 break half lot
[09:31] {Threei} if stays under .80
[09:31] {Threei} invalidated
[09:32] {Threei} (EU) Netherlands Fin Min De Jager: Might take more than a handful of summits to solve the euro zone debt crisis
[09:32] {Threei} I disagree... no number of them will solve anything
[09:32] {Threei} Short Setup: FCX .90 break half lot
[09:32] {Threei} if stays under 37
[09:33] {Threei} in aggressively
[09:34] {Threei} do the double top thingy FCX
[09:35] {Threei} Short Setup: SLW .10 break
[09:36] {Threei} if stays under .20
[09:37] {Threei} invalidated
[09:38] {Threei} out FCX
[09:38] {Threei} I guess I oversat it
[09:38] {Threei} had over 1:1 twice
[09:38] {Threei} SLW was two-sided in hindsight
[09:39] {ese} L DISH .14
[09:40] {ese} out 1/2 .24 +.10
[09:40] {Threei} Short Setup: RIMM .05 break if stays under .15
[09:41] {_kacraj} is there any opportunity in eurusd?
[09:42] {Threei} we don't trade currencies
[09:42] {ese} out in full .21 +.07
[09:42] {Threei} this is stock trading room
[09:42] {_kacraj} ok
[09:42] {ese} good enough
[09:43] {Threei} SP) The 10-year Spanish/German Gov't bond spread at approx 315bps, tighter by almost 25bps
[09:44] {ese} a derivative maybe kacraj.......an etf or something.....
[09:44] {Threei} Short Setup: FCX .30 break
[09:44] {Threei} if stays under .40
[09:48] {Threei} come on gravity, kick in
[09:49] {Threei} nope, no gravity today
[09:49] {Threei} RIMM 1:1
[09:49] {Threei} half out
[09:49] {Threei} scalpers be happy
[09:50] {Threei} 12.80 is low from yesterday, and 52 weeks low
[09:50] {Threei} if it comes to 1:2, will cover another piece, then try and ride last one
[09:51] {Threei} stop is .06
[09:52] {ese} L dish .19
[09:53] {ese} ya got yer mini head and shoulders dere on yer 1 min chart dare
[09:56] {ese} speaking of dare.........hows mags dino? hows he doin?
[09:56] {dino} he's fine, just busy
[09:57] {Threei} FCX rinse...
[09:57] {Threei} like a betrayal by a long-time friend
[09:57] {ese} fcx or mgas?
[09:57] {ese} mags
[09:57] {Threei} FCX lol
[09:58] {RonS} time to re-name it nemo?
[09:58] {ese} ouch.......
[09:58] {RonS} this flag on dish is getting interesting
[09:59] {ese} yup
[09:59] {Threei} Short Setup: LVS .40 break
[09:59] {Threei} if stays under .50
[10:00] {RonS} flimsy gap up imo...probably over seculation of some dish move in telcom w/ the T tmobile split
[10:00] {dino} cov rimm +.11 ty vad
[10:00] {ese} hmmmmmmmm........does get one to thinkin for sure
[10:00] {Threei} dino :)
[10:01] {Threei} ok LVS
[10:01] {Threei} don't be a brut
[10:01] {Threei} as in "et tu"
[10:02] {Threei} target 1:3
[10:02] {ese} only worry about this at this point ron is this is just about reversal time the way things have been going last few months.........fake gaps up...hard reverse
[10:03] {ese} spyders lookin spooky
[10:03] {Threei} looking double-toppy
[10:03] {RonS} over mil dish shares traded here...someone going to get hung
[10:04] {RonS} looking for a dish jbe to fade...
[10:04] {Threei} if SPY loses 122.80, we got our reversal
[10:04] {Threei} if breaks 123.10, continuation
[10:06] {RonS} until i ran 3i's latest trading course could never remember what the heck jbe meant
[10:06] {Threei} hehe
[10:06] {Threei} ok RIMM, time to lose that .90
[10:06] {RonS} fwiw i highly recommend the course
[10:06] {Threei} thank you
[10:06] {Threei} ese, you missed its announcement btw
[10:07] {ese} yes
[10:07] {Threei} http://www.realitytrader.com/111trades.html , 50% discount coupon for room members
[10:08] {ese} what course Ron?
[10:08] {Threei} ummm
[10:09] {Threei} lift yer eyes by just one line :)
[10:09] {ese} ya....clicked on it but there is a whole bunch of menus
[10:09] {Threei} here we go RIMM
[10:09] {ese} which one do i focus on
[10:09] {Threei} 1:2
[10:09] {Threei} covered second part
[10:09] {Threei} will try to trail third one
[10:10] {Threei} there is a page with course description, ese...
[10:10] {Threei} new 52 week low
[10:10] {Threei} stop is .96 now
[10:10] {Threei} 1:3, not covering
[10:10] {Threei} getting greedy
[10:11] {Threei} ese... you see the title saying "111 TRADES
[10:11] {Threei} Visual Pattern Recognition Online Course
[10:11] {Threei} ?
[10:11] {ese} The page you requested is NOT AVAILABLE A general error has occurred...................thats what i'm getting
[10:12] {Threei} http://www.realitytrader.com/111trades.html
[10:12] {Threei} you must be copying with comma
[10:12] {Threei} use the one above
[10:12] {ese} ahhhhhhhh....that works
[10:14] {Threei} LVS is brut
[10:15] {ese} you got a time limit on that course vad..............i think i'm probably goin to do that
[10:15] {Threei} that coupon will work till Dec 31
[10:17] {Threei} RIMM new low
[10:17] {Threei} my last and most faithful friend
[10:17] {Threei} riding it to 1:5
[10:18] {Threei} that'll put me to about b/e for the day
[10:18] {Threei} stop is .86 now
[10:20] {ese} wow..........whoda thunk RIMM would decline like it has............almost shades of NORTEL
[10:20] {Threei} PALM is probably the best analogy in technology sense, and NT is terms of fall of the mighty, yes
[10:21] {Threei} here we go
[10:21] {Threei} stop to .76
[10:21] {Threei} starting to tighten it
[10:22] {Threei} actually, .66
[10:22] {dino} nice trade
[10:22] {Threei} here we are
[10:22] {Threei} 1:5
[10:22] {Threei} out in full
[10:23] {cipher} wtg
[10:23] {Threei} 50 cents is nothing to sneeze at in this market
[10:23] {Threei} ty
[10:24] {ese} well done vad
[10:24] {ese} has PALM been delisted.......
[10:25] {Threei} thasnks... btw, goijg over the course you will find a lot of RIMM shorts - it's quite amazing to see how it traded progerssively lower form its former highs
[10:25] {Threei} PALM was about to, lol... when HP snatched it for its OS
[10:25] {RonS} hpq bought them and everyone including hpq says it was the worst purchase in the hisory of man
[10:26] {Threei} which didn't do much good to HP either, if you look at its Touchpad tablet that was taken off the market in just a few months after intoduction
[10:26] {Threei} very much so ron
[10:26] {Threei} that tablet was based on PALM's OS,
[10:26] {ese} hmmm...didn't know that
[10:26] {Threei} launched as the greatest thing since stone tablets
[10:27] {Threei} and flopped like a fish on frying pan
[10:27] {ese} or......painting on cave walls?
[10:27] {Threei} prompting sale at 1/5th of original price, and attempt by HP to abandon hardware at all
[10:28] {Threei} ironically enough, RIMM's fate starts looking the same: there are a lot of discussions of possible takeover for its patents
[10:29] {ese} US govt still exclusively uses RIMM doesn't it?
[10:30] {Threei} I think so, for their security
[10:30] {nemo} I see that convergence area acted as a floor...funny how that works
[10:31] {ese} ya thats what I thought........
[10:31] {Threei} you couldn't come in in time and alert us, nemo
[10:31] {nemo} You're kidding, right? Did you see my post over the weekend? WTF!!!
[10:32] {Threei} You're kidding, right? you seriously think we rememver without three reminders?
[10:33] {ese} what post?......I missed it
[10:33] {nemo} It was right on the SPY chart: "Can you say CONVERGENCE!!!"
[10:33] {Threei} nemo's pivot point posts
[10:34] {Threei} every weekend for the next week, and midweek update
[10:34] {Threei} at the trading log
[10:35] {ese} i've seen those.......thought there was something special you were talking about
[10:36] {nemo} That's it...back out to the woods!!!
[10:36] {ese} lol
[10:36] {Threei} oh no
[10:37] {Threei} ese, look what you did
[10:37] {Threei} you hurt his feelingsa
[10:37] {ese} huh.....me! What the flip did I do?
[10:38] {nemo} frickin' musicians
[10:38] {nemo} OK, guess that means I get an early start on the "Extra Old Plantation Barbados Rum" Xmas present from Al
[10:39] {ese} ahhhhhhh.........back to normal around here......some insults....bit of abuse........very calming
[10:39] {Threei} hehe
[10:39] {Threei} you can actually be proud ese
[10:39] {ese} that stuff will grow hair on your tongue
[10:39] {Threei} not many can brag they could hurt nemo's feelings
[10:39] {ese} ya true.....good point
[10:39] {Threei} consensus is he doesn't have any
[10:40] {Threei} SPY... is this finally the top?
[10:41] {Threei} Short Setup: FCX .45
[10:41] {Threei} half lot
[10:41] {Threei} if stays under .60
[10:43] {ese} dino.......i've got IPAR on my radar.........wha da ya think?
[10:44] {dino} i like shooting par
[10:45] {RonS} is ipar an aapl golf app?
[10:45] {dino} showing gap around 15.10
[10:49] {Threei} changing FCX to .50 break
[10:50] {Threei} a little more aggressive, a little tighter stop
[10:53] {Threei} 1;1
[10:54] {nemo} 123.84 on spy
[10:54] {Threei} trying for 1:3
[10:55] {Threei} stop .51 for the balance
[10:55] {Threei} SPY defies gravity though
[10:55] {nemo} going for MPP
[10:59] {RonS} m onthly pivot point?
[10:59] {nemo} yep
[11:04] {dino} sm l rht .00
[11:05] {thomcbell} aapl a beast
[11:05] {Threei} scalpers win this round on FCX
[11:05] {Threei} SPY did manage to break out
[11:06] {nemo} told ya'
[11:06] {Threei} sure did
[11:06] {Threei} but did I listen?
[11:06] {Threei} noooo
[11:06] {nemo} and I'm going to pay for it I'm sure
[11:06] {dino} ipar sm l .50
[11:06] {Threei} nah... I am in Christmas mode
[11:06] {nemo} if ANYBODY looked at the chart, you would have seen this minor pullback was at the 50SMA, but Noooooooooooo.....
[11:07] {dino} rht stop -.25
[11:07] {nemo} R3 is 124.04
[11:09] {dino} rht rinsed
[11:12] {Threei} (US) House said to be ready to reject Senate plan on two month payroll tax cut extension in a vote later today
[11:12] {Threei} I don't know whether it's of any importance for the market
[11:14] {nemo} nah
[11:14] {nemo} screw the plebians
[11:14] {nemo} wow, this rum is really good
[11:16] {ese} out DISH .49 +.30
[11:18] {RonS} gj and wtg
[11:19] {ese} I'll take that but.......my charts only show it getting to .48......somebody filled me an extra cent
[11:19] {ese} the buggars will correct that i'm sure
[11:19] {Threei} very nice
[11:20] {ese} it'll do 800 shs...3/4 lot basically....i'll take it
[11:20] {Threei} thig wants to break .50
[11:20] {Threei} thing
[11:21] {ese} ya looks like.....constant climb in spyders may help it do that
[11:21] {ese} turtle senario
[11:21] {ese} slow and steady
[11:27] {Threei} wow
[11:28] {Threei} that's one serious smackdown
[11:30] {Threei} ese, aren't you happy to be out
[11:30] {thomcbell} hd long entry here
[11:31] {Threei} I am not sure thom, breakouts seem to start failing
[11:38] {RonS} copper dropped 5 cents in minutes
[11:39] {ese} hmmmm...bit of a slam there....didn't notice.......was looking at something else ......definitely happy to be out
[11:41] {ese} was a serious MACD rollover in spyders at 11:22 that preceded it....DISH hit the deck at 11:27.....if i'd been watching.....would have seen it coming
[11:41] {Threei} now FCX is following through
[11:44] {Threei} Short Setup: SLW .60 break
[11:46] {dino} rht sm l .01 pulp
[11:49] {Threei} out SLW
[11:51] {nemo} wow, that some price action on IWM
[11:52] {dino} out rht .31, +.30
[12:04] {ese} nice one dino
[12:06] {dino} ty
[12:11] {dino} oks spike
[12:14] {Threei} IF gravity comes back today, it should do so with real vengeance
[12:15] {Threei} won't try longs for the rest of the day, but will be on a lookout for the signs of market reversal
[12:15] {Threei} should be real good one if/when it comes
[12:16] {RonS} copper and/or the euro will be the trigger
[12:16] {RonS} preceded by some boneheaded politician
[12:17] {Threei} in my mind, euro more than copper
[12:30] {RonS} wow cie
[12:30] {RonS} and w/ only 2% float short
[12:31] {RonS} http://tinyurl.com/brww6ry
[12:46] {Threei} total stall... good, waiting it out and watching which way it resolves
[12:56] {ese} it's christmas shopping time ehhhhhh catch you all tomorrow.......maybe today if i get back soon enough
[12:57] {swill} cya
[12:57] {Threei} take care ese... my sympathy
[13:01] {Threei} (EU) European Parliament MP: Euro zone fiscal pact could end up taking more time than imagined to work out
[13:02] {Threei} (GE) Bundesbank's Dombret: Printing money to fund states does not solve problems
[13:03] {dino} me thinks they protest too much
[13:04] {Threei} lol
[13:05] {dino} familiar isn't it? we don't have debt problems, the euro is safe, the banks are sound, the rating agencies are wrong, etc
[13:08] {Threei} very
[13:08] {Threei} and we know how it ends
[13:51] {Threei} (EU) EU's Van Rompuy: Calls for an EU summit on Jan 30th
[13:51] {Threei} yep... more summits please
[14:01] {Threei} ok... we may be inching closer
[14:02] {Threei} (US) Fed proposing regulations for large financial firms to include capital and liquidity requirements to be implemented in 2 phases- Proposed rules to apply to banks with over $$50B in assets. - proposal would mandate 10% limit on large firms investments in each other - Would create triggers that would give regulators ability to restrict activities of troubled banks
[14:02] {Threei} (EU) EU's Juncker: No political alternative to debt reduction; Overseas investors not convinced EU is doing all it can to save euro
[14:02] {Threei} wrong... they are not convionced Euro can be saved or worth saving
[14:04] {Threei} Short Setup: GLD 157 break
[14:04] {Threei} smaller shares
[14:04] {Threei} if stays under .15
[14:10] {Threei} my target is 1:3
[14:14] {Threei} Long Setup: TZA .60 break if stays above .50
[14:26] {RonS} IMF urges European firewall around Ireland
[14:26] {Threei} interesting
[14:27] {Threei} while SPY recovered enough to invalidate TZA play, GLD stays low
[14:27] {RonS} ...so, put holland in charge of construction?
[14:28] {Threei} come again?
[14:28] {dino} lol
[14:31] {Threei} let's keep GLD at .11 now
[14:58] {dino} fwiw gaps above 12184, 2318, 1261, then 12231, 2366, 1275
[15:03] {RonS} Shell just reported a spill in the gulf of Mexico 20 miles from the BP spill the equipment was operated by RIG
[15:03] {RonS} hmmm...seems old news
[15:07] {swill} i've got to drive wife. cya later
[15:12] {Threei} take care swill
[15:20] {Threei} IT) All major Italian banks have requested approval for state guaranteed bonds - press
[15:20] {Threei} cute... bankrupt banks will try to issue bonds guaranteed by bankrupt state
[15:26] {Threei} news don't scroll, scanner doesn't move
[15:27] {Threei} low volume
[15:27] {Threei} typical holiday trading
[15:29] {dino} 07 barely moving
[15:30] {Threei} fleming would be ahamed of him
[15:32] {Threei} no? too deep or too shallow?
[15:33] {RonS} got it here...mind too numb to respond...
[15:33] {Threei} lol
[15:34] {RonS} saw a re-done Lawrence of Arabia over the weekend...
[15:35] {Threei} TZA
[15:35] {RonS} man was that movie something else...unreal that it was done in 1962
[15:35] {RonS} re-done in HD...
[15:36] {Threei} pullback to about .15-.20
[15:36] {Threei} will try to enter
[15:38] {RonS} in .18
[15:38] {Threei} don't see clean reversal yet
[15:39] {Threei} better now
[15:39] {Threei} Long Setup: TZA .20 break
[15:39] {Threei} if holding .10
[15:40] {Threei} target .45
[15:41] {Threei} invalidated
[15:45] {Threei} Long Setup: TZA .05 break
[15:45] {Threei} if holding .95
[15:46] {Threei} come on gravity
[15:46] {Threei} show up once a day
06[15:48] * Threei kicks TZA in the rear
[15:49] {Threei} 1:1
[15:49] {Threei} give me 1:2 TZA
[15:49] {Threei} and we are friends again
[15:50] {Threei} OK... scalpers win
[15:50] {Threei} I don't know how I feel about friendship
[15:50] {Threei} win is a win... but a bit too small
[15:54] {Threei} RIMM 50 cents trade saved the day but still not delighted...
[15:57] {Threei} OK guys, thank you all
[15:57] {Threei} have a good evening, see you tomorrow
Not really stellar day, with a few stops, fewer winning trades and just one serious win on RIMM short for 50 cents that saved the day. Still, merely made it flat. Holiday trading at its best.
Session Time: Tue Dec 20 00:00:00 2011
[03:08] {_kacraj} Hi
[07:26] {_kacraj} hi
[07:26] {_kacraj} is there anyone
[08:58] {Threei} OK... time to open one eye I guess
[09:00] {swill} one at a time. steady as she goes
[09:00] {Threei} yes... I am being conservative with this procedure
[09:01] {swill} very good dr.
[09:13] {dino} gm
[09:13] {Threei} dino :)
[09:16] {JK13} gm
[09:16] {Threei} jk :)
[09:17] {Threei} so, according to what headlines say, we get a gap up because nothing catastrophic happened overnight
[09:17] {Threei} well... as good a reason as any I guess
[09:17] {ese} morning
[09:17] {Threei} ese :)
[09:18] {Threei} before trading day starts, let me try and please your besual sense:
[09:18] {Threei} http://photography.realitytrader.com/2011/12/butchart-gardens-holiday-lights.html
[09:18] {ese} indeed
[09:19] {Threei} umm... that was supposed to be "visual"
[09:19] {RonS} thanks for that layout of the gardens 3i...brought back fond memories of our visit there almost 30 years ago
[09:19] {Threei} oh, it's very different now Ron
[09:19] {Threei} you need to come again
[09:20] {Threei} they took it up a few notches
[09:20] {ese} interestingly enough i've never been out to Butcharts at Christmas....keep hearing it's wonderful though
[09:21] {Threei} well, if these photos don't convince you to go, I failed in capturing the beauity :)
[09:21] {ese} and it is......just look at those phots
[09:21] {ese} photos
[09:24] {RonS} eur acting like a squeeze
[09:24] {Threei} looks that way
[09:24] {Threei} amazing how we all became currency t7raders this year
[09:26] {Threei} I wish I understand why someone would try to talk to me in the room in the middle of the night but fail to come in when we open
[09:30] {JK13} it was me and I was testing
[09:30] {Threei} lol
[09:30] {JK13} how dcc works
[09:31] {Threei} not you... someone else
[09:31] {RonS} nice phrase: Jefferies CEO: Will Operate On Reduced Balance Sheet Until 'We See Light In The World'
[09:31] {Threei} Short Setup: FCX .70 break half lot
[09:31] {Threei} if stays under .80
[09:31] {Threei} invalidated
[09:32] {Threei} (EU) Netherlands Fin Min De Jager: Might take more than a handful of summits to solve the euro zone debt crisis
[09:32] {Threei} I disagree... no number of them will solve anything
[09:32] {Threei} Short Setup: FCX .90 break half lot
[09:32] {Threei} if stays under 37
[09:33] {Threei} in aggressively
[09:34] {Threei} do the double top thingy FCX
[09:35] {Threei} Short Setup: SLW .10 break
[09:36] {Threei} if stays under .20
[09:37] {Threei} invalidated
[09:38] {Threei} out FCX
[09:38] {Threei} I guess I oversat it
[09:38] {Threei} had over 1:1 twice
[09:38] {Threei} SLW was two-sided in hindsight
[09:39] {ese} L DISH .14
[09:40] {ese} out 1/2 .24 +.10
[09:40] {Threei} Short Setup: RIMM .05 break if stays under .15
[09:41] {_kacraj} is there any opportunity in eurusd?
[09:42] {Threei} we don't trade currencies
[09:42] {ese} out in full .21 +.07
[09:42] {Threei} this is stock trading room
[09:42] {_kacraj} ok
[09:42] {ese} good enough
[09:43] {Threei} SP) The 10-year Spanish/German Gov't bond spread at approx 315bps, tighter by almost 25bps
[09:44] {ese} a derivative maybe kacraj.......an etf or something.....
[09:44] {Threei} Short Setup: FCX .30 break
[09:44] {Threei} if stays under .40
[09:48] {Threei} come on gravity, kick in
[09:49] {Threei} nope, no gravity today
[09:49] {Threei} RIMM 1:1
[09:49] {Threei} half out
[09:49] {Threei} scalpers be happy
[09:50] {Threei} 12.80 is low from yesterday, and 52 weeks low
[09:50] {Threei} if it comes to 1:2, will cover another piece, then try and ride last one
[09:51] {Threei} stop is .06
[09:52] {ese} L dish .19
[09:53] {ese} ya got yer mini head and shoulders dere on yer 1 min chart dare
[09:56] {ese} speaking of dare.........hows mags dino? hows he doin?
[09:56] {dino} he's fine, just busy
[09:57] {Threei} FCX rinse...
[09:57] {Threei} like a betrayal by a long-time friend
[09:57] {ese} fcx or mgas?
[09:57] {ese} mags
[09:57] {Threei} FCX lol
[09:58] {RonS} time to re-name it nemo?
[09:58] {ese} ouch.......
[09:58] {RonS} this flag on dish is getting interesting
[09:59] {ese} yup
[09:59] {Threei} Short Setup: LVS .40 break
[09:59] {Threei} if stays under .50
[10:00] {RonS} flimsy gap up imo...probably over seculation of some dish move in telcom w/ the T tmobile split
[10:00] {dino} cov rimm +.11 ty vad
[10:00] {ese} hmmmmmmmm........does get one to thinkin for sure
[10:00] {Threei} dino :)
[10:01] {Threei} ok LVS
[10:01] {Threei} don't be a brut
[10:01] {Threei} as in "et tu"
[10:02] {Threei} target 1:3
[10:02] {ese} only worry about this at this point ron is this is just about reversal time the way things have been going last few months.........fake gaps up...hard reverse
[10:03] {ese} spyders lookin spooky
[10:03] {Threei} looking double-toppy
[10:03] {RonS} over mil dish shares traded here...someone going to get hung
[10:04] {RonS} looking for a dish jbe to fade...
[10:04] {Threei} if SPY loses 122.80, we got our reversal
[10:04] {Threei} if breaks 123.10, continuation
[10:06] {RonS} until i ran 3i's latest trading course could never remember what the heck jbe meant
[10:06] {Threei} hehe
[10:06] {Threei} ok RIMM, time to lose that .90
[10:06] {RonS} fwiw i highly recommend the course
[10:06] {Threei} thank you
[10:06] {Threei} ese, you missed its announcement btw
[10:07] {ese} yes
[10:07] {Threei} http://www.realitytrader.com/111trades.html , 50% discount coupon for room members
[10:08] {ese} what course Ron?
[10:08] {Threei} ummm
[10:09] {Threei} lift yer eyes by just one line :)
[10:09] {ese} ya....clicked on it but there is a whole bunch of menus
[10:09] {Threei} here we go RIMM
[10:09] {ese} which one do i focus on
[10:09] {Threei} 1:2
[10:09] {Threei} covered second part
[10:09] {Threei} will try to trail third one
[10:10] {Threei} there is a page with course description, ese...
[10:10] {Threei} new 52 week low
[10:10] {Threei} stop is .96 now
[10:10] {Threei} 1:3, not covering
[10:10] {Threei} getting greedy
[10:11] {Threei} ese... you see the title saying "111 TRADES
[10:11] {Threei} Visual Pattern Recognition Online Course
[10:11] {Threei} ?
[10:11] {ese} The page you requested is NOT AVAILABLE A general error has occurred...................thats what i'm getting
[10:12] {Threei} http://www.realitytrader.com/111trades.html
[10:12] {Threei} you must be copying with comma
[10:12] {Threei} use the one above
[10:12] {ese} ahhhhhhhh....that works
[10:14] {Threei} LVS is brut
[10:15] {ese} you got a time limit on that course vad..............i think i'm probably goin to do that
[10:15] {Threei} that coupon will work till Dec 31
[10:17] {Threei} RIMM new low
[10:17] {Threei} my last and most faithful friend
[10:17] {Threei} riding it to 1:5
[10:18] {Threei} that'll put me to about b/e for the day
[10:18] {Threei} stop is .86 now
[10:20] {ese} wow..........whoda thunk RIMM would decline like it has............almost shades of NORTEL
[10:20] {Threei} PALM is probably the best analogy in technology sense, and NT is terms of fall of the mighty, yes
[10:21] {Threei} here we go
[10:21] {Threei} stop to .76
[10:21] {Threei} starting to tighten it
[10:22] {Threei} actually, .66
[10:22] {dino} nice trade
[10:22] {Threei} here we are
[10:22] {Threei} 1:5
[10:22] {Threei} out in full
[10:23] {cipher} wtg
[10:23] {Threei} 50 cents is nothing to sneeze at in this market
[10:23] {Threei} ty
[10:24] {ese} well done vad
[10:24] {ese} has PALM been delisted.......
[10:25] {Threei} thasnks... btw, goijg over the course you will find a lot of RIMM shorts - it's quite amazing to see how it traded progerssively lower form its former highs
[10:25] {Threei} PALM was about to, lol... when HP snatched it for its OS
[10:25] {RonS} hpq bought them and everyone including hpq says it was the worst purchase in the hisory of man
[10:26] {Threei} which didn't do much good to HP either, if you look at its Touchpad tablet that was taken off the market in just a few months after intoduction
[10:26] {Threei} very much so ron
[10:26] {Threei} that tablet was based on PALM's OS,
[10:26] {ese} hmmm...didn't know that
[10:26] {Threei} launched as the greatest thing since stone tablets
[10:27] {Threei} and flopped like a fish on frying pan
[10:27] {ese} or......painting on cave walls?
[10:27] {Threei} prompting sale at 1/5th of original price, and attempt by HP to abandon hardware at all
[10:28] {Threei} ironically enough, RIMM's fate starts looking the same: there are a lot of discussions of possible takeover for its patents
[10:29] {ese} US govt still exclusively uses RIMM doesn't it?
[10:30] {Threei} I think so, for their security
[10:30] {nemo} I see that convergence area acted as a floor...funny how that works
[10:31] {ese} ya thats what I thought........
[10:31] {Threei} you couldn't come in in time and alert us, nemo
[10:31] {nemo} You're kidding, right? Did you see my post over the weekend? WTF!!!
[10:32] {Threei} You're kidding, right? you seriously think we rememver without three reminders?
[10:33] {ese} what post?......I missed it
[10:33] {nemo} It was right on the SPY chart: "Can you say CONVERGENCE!!!"
[10:33] {Threei} nemo's pivot point posts
[10:34] {Threei} every weekend for the next week, and midweek update
[10:34] {Threei} at the trading log
[10:35] {ese} i've seen those.......thought there was something special you were talking about
[10:36] {nemo} That's it...back out to the woods!!!
[10:36] {ese} lol
[10:36] {Threei} oh no
[10:37] {Threei} ese, look what you did
[10:37] {Threei} you hurt his feelingsa
[10:37] {ese} huh.....me! What the flip did I do?
[10:38] {nemo} frickin' musicians
[10:38] {nemo} OK, guess that means I get an early start on the "Extra Old Plantation Barbados Rum" Xmas present from Al
[10:39] {ese} ahhhhhhh.........back to normal around here......some insults....bit of abuse........very calming
[10:39] {Threei} hehe
[10:39] {Threei} you can actually be proud ese
[10:39] {ese} that stuff will grow hair on your tongue
[10:39] {Threei} not many can brag they could hurt nemo's feelings
[10:39] {ese} ya true.....good point
[10:39] {Threei} consensus is he doesn't have any
[10:40] {Threei} SPY... is this finally the top?
[10:41] {Threei} Short Setup: FCX .45
[10:41] {Threei} half lot
[10:41] {Threei} if stays under .60
[10:43] {ese} dino.......i've got IPAR on my radar.........wha da ya think?
[10:44] {dino} i like shooting par
[10:45] {RonS} is ipar an aapl golf app?
[10:45] {dino} showing gap around 15.10
[10:49] {Threei} changing FCX to .50 break
[10:50] {Threei} a little more aggressive, a little tighter stop
[10:53] {Threei} 1;1
[10:54] {nemo} 123.84 on spy
[10:54] {Threei} trying for 1:3
[10:55] {Threei} stop .51 for the balance
[10:55] {Threei} SPY defies gravity though
[10:55] {nemo} going for MPP
[10:59] {RonS} m onthly pivot point?
[10:59] {nemo} yep
[11:04] {dino} sm l rht .00
[11:05] {thomcbell} aapl a beast
[11:05] {Threei} scalpers win this round on FCX
[11:05] {Threei} SPY did manage to break out
[11:06] {nemo} told ya'
[11:06] {Threei} sure did
[11:06] {Threei} but did I listen?
[11:06] {Threei} noooo
[11:06] {nemo} and I'm going to pay for it I'm sure
[11:06] {dino} ipar sm l .50
[11:06] {Threei} nah... I am in Christmas mode
[11:06] {nemo} if ANYBODY looked at the chart, you would have seen this minor pullback was at the 50SMA, but Noooooooooooo.....
[11:07] {dino} rht stop -.25
[11:07] {nemo} R3 is 124.04
[11:09] {dino} rht rinsed
[11:12] {Threei} (US) House said to be ready to reject Senate plan on two month payroll tax cut extension in a vote later today
[11:12] {Threei} I don't know whether it's of any importance for the market
[11:14] {nemo} nah
[11:14] {nemo} screw the plebians
[11:14] {nemo} wow, this rum is really good
[11:16] {ese} out DISH .49 +.30
[11:18] {RonS} gj and wtg
[11:19] {ese} I'll take that but.......my charts only show it getting to .48......somebody filled me an extra cent
[11:19] {ese} the buggars will correct that i'm sure
[11:19] {Threei} very nice
[11:20] {ese} it'll do 800 shs...3/4 lot basically....i'll take it
[11:20] {Threei} thig wants to break .50
[11:20] {Threei} thing
[11:21] {ese} ya looks like.....constant climb in spyders may help it do that
[11:21] {ese} turtle senario
[11:21] {ese} slow and steady
[11:27] {Threei} wow
[11:28] {Threei} that's one serious smackdown
[11:30] {Threei} ese, aren't you happy to be out
[11:30] {thomcbell} hd long entry here
[11:31] {Threei} I am not sure thom, breakouts seem to start failing
[11:38] {RonS} copper dropped 5 cents in minutes
[11:39] {ese} hmmmm...bit of a slam there....didn't notice.......was looking at something else ......definitely happy to be out
[11:41] {ese} was a serious MACD rollover in spyders at 11:22 that preceded it....DISH hit the deck at 11:27.....if i'd been watching.....would have seen it coming
[11:41] {Threei} now FCX is following through
[11:44] {Threei} Short Setup: SLW .60 break
[11:46] {dino} rht sm l .01 pulp
[11:49] {Threei} out SLW
[11:51] {nemo} wow, that some price action on IWM
[11:52] {dino} out rht .31, +.30
[12:04] {ese} nice one dino
[12:06] {dino} ty
[12:11] {dino} oks spike
[12:14] {Threei} IF gravity comes back today, it should do so with real vengeance
[12:15] {Threei} won't try longs for the rest of the day, but will be on a lookout for the signs of market reversal
[12:15] {Threei} should be real good one if/when it comes
[12:16] {RonS} copper and/or the euro will be the trigger
[12:16] {RonS} preceded by some boneheaded politician
[12:17] {Threei} in my mind, euro more than copper
[12:30] {RonS} wow cie
[12:30] {RonS} and w/ only 2% float short
[12:31] {RonS} http://tinyurl.com/brww6ry
[12:46] {Threei} total stall... good, waiting it out and watching which way it resolves
[12:56] {ese} it's christmas shopping time ehhhhhh catch you all tomorrow.......maybe today if i get back soon enough
[12:57] {swill} cya
[12:57] {Threei} take care ese... my sympathy
[13:01] {Threei} (EU) European Parliament MP: Euro zone fiscal pact could end up taking more time than imagined to work out
[13:02] {Threei} (GE) Bundesbank's Dombret: Printing money to fund states does not solve problems
[13:03] {dino} me thinks they protest too much
[13:04] {Threei} lol
[13:05] {dino} familiar isn't it? we don't have debt problems, the euro is safe, the banks are sound, the rating agencies are wrong, etc
[13:08] {Threei} very
[13:08] {Threei} and we know how it ends
[13:51] {Threei} (EU) EU's Van Rompuy: Calls for an EU summit on Jan 30th
[13:51] {Threei} yep... more summits please
[14:01] {Threei} ok... we may be inching closer
[14:02] {Threei} (US) Fed proposing regulations for large financial firms to include capital and liquidity requirements to be implemented in 2 phases- Proposed rules to apply to banks with over $$50B in assets. - proposal would mandate 10% limit on large firms investments in each other - Would create triggers that would give regulators ability to restrict activities of troubled banks
[14:02] {Threei} (EU) EU's Juncker: No political alternative to debt reduction; Overseas investors not convinced EU is doing all it can to save euro
[14:02] {Threei} wrong... they are not convionced Euro can be saved or worth saving
[14:04] {Threei} Short Setup: GLD 157 break
[14:04] {Threei} smaller shares
[14:04] {Threei} if stays under .15
[14:10] {Threei} my target is 1:3
[14:14] {Threei} Long Setup: TZA .60 break if stays above .50
[14:26] {RonS} IMF urges European firewall around Ireland
[14:26] {Threei} interesting
[14:27] {Threei} while SPY recovered enough to invalidate TZA play, GLD stays low
[14:27] {RonS} ...so, put holland in charge of construction?
[14:28] {Threei} come again?
[14:28] {dino} lol
[14:31] {Threei} let's keep GLD at .11 now
[14:58] {dino} fwiw gaps above 12184, 2318, 1261, then 12231, 2366, 1275
[15:03] {RonS} Shell just reported a spill in the gulf of Mexico 20 miles from the BP spill the equipment was operated by RIG
[15:03] {RonS} hmmm...seems old news
[15:07] {swill} i've got to drive wife. cya later
[15:12] {Threei} take care swill
[15:20] {Threei} IT) All major Italian banks have requested approval for state guaranteed bonds - press
[15:20] {Threei} cute... bankrupt banks will try to issue bonds guaranteed by bankrupt state
[15:26] {Threei} news don't scroll, scanner doesn't move
[15:27] {Threei} low volume
[15:27] {Threei} typical holiday trading
[15:29] {dino} 07 barely moving
[15:30] {Threei} fleming would be ahamed of him
[15:32] {Threei} no? too deep or too shallow?
[15:33] {RonS} got it here...mind too numb to respond...
[15:33] {Threei} lol
[15:34] {RonS} saw a re-done Lawrence of Arabia over the weekend...
[15:35] {Threei} TZA
[15:35] {RonS} man was that movie something else...unreal that it was done in 1962
[15:35] {RonS} re-done in HD...
[15:36] {Threei} pullback to about .15-.20
[15:36] {Threei} will try to enter
[15:38] {RonS} in .18
[15:38] {Threei} don't see clean reversal yet
[15:39] {Threei} better now
[15:39] {Threei} Long Setup: TZA .20 break
[15:39] {Threei} if holding .10
[15:40] {Threei} target .45
[15:41] {Threei} invalidated
[15:45] {Threei} Long Setup: TZA .05 break
[15:45] {Threei} if holding .95
[15:46] {Threei} come on gravity
[15:46] {Threei} show up once a day
06[15:48] * Threei kicks TZA in the rear
[15:49] {Threei} 1:1
[15:49] {Threei} give me 1:2 TZA
[15:49] {Threei} and we are friends again
[15:50] {Threei} OK... scalpers win
[15:50] {Threei} I don't know how I feel about friendship
[15:50] {Threei} win is a win... but a bit too small
[15:54] {Threei} RIMM 50 cents trade saved the day but still not delighted...
[15:57] {Threei} OK guys, thank you all
[15:57] {Threei} have a good evening, see you tomorrow
Monday, December 19, 2011
Dec 19 2011
(New course on chart pattern recognition is available: http://www.realitytrader.com/111trades.html )
Not our day - started well, then a few stops took us in red so despite having the right idea on the market direction I decided not to push and let losing day happen. There is always tomorrow.
Session Time: Mon Dec 19 00:00:00 2011
[08:50] {nemo} Vad u there:
[08:50] {nemo} ?
[08:51] {Threei} unfortunately, yes
[08:51] {nemo} I updated the blog
[08:52] {Threei} with link to explanations?
[08:52] {nemo} yep
[08:53] {Threei} cool, ty
[08:53] {nemo} np...check's in the mail, right?
[08:53] {Threei} should have arrived already
[08:53] {nemo} oh
[08:54] {nemo} o.k back to the woods...see ya
[08:54] {Threei} won't be here today?
[08:54] {nemo} maybe later, why, want to insult me?
[08:54] {Threei} aalways
[08:54] {nemo} Isn'
[08:55] {nemo} Isn't it more fun when I'm not here to defend myself?
[08:55] {Threei} no
[08:55] {Threei} takes the edge right out
[08:55] {Threei} and have to repost later when you are in
[08:55] {nemo} ahhh...well, maybe I'll be back later then.
[08:55] {Threei} :)
[09:11] {JK13} good morning
[09:11] {Threei} jk :)
[09:11] {swill} morning
[09:12] {Threei} swill :)
[09:16] {dino} gm
[09:16] {Threei} dino :)
[09:18] {Threei} if SPY loses 122, positive momentum is likely to fizzle out quickly
[09:31] {Threei} Short Setup: FCX .90 break half lot
[09:32] {Threei} if stays under 37
[09:32] {Threei} let's change to .95 break
[09:33] {Threei} valid with stop above .05
[09:35] {Threei} 1:1
[09:35] {JK13} tks Vad +.18
[09:35] {Threei} :)
[09:36] {Threei} Short Setup: SLW .80 break
[09:36] {Threei} if stays under .90
[09:37] {dino} cov fcx .74, +.20 ty vad
[09:37] {Threei} welcome
[09:37] {Threei} coming to 1:3 but without me
[09:37] {Threei} took 1:2 in full
[09:38] {Threei} no go SLW
[09:40] {Threei} Long Setup: RIMM .55 if stays above .45
[09:42] {Threei} invalidated
[09:44] {Threei} SLW rinsed
[09:44] {dino} sina sm l .50
[09:45] {Threei} Short Setup: POT .90 break
[09:45] {dino} out sina .08, +.58
[09:46] {Threei} nice
[09:46] {dino} ty
[09:47] {dino} sina lod
[09:47] {Threei} target 1:3 POT
[09:48] {Threei} come on SPY lose that 122
[09:49] {Threei} 1:1q
[09:49] {Threei} first partial stop to .91
[09:51] {Threei} Short Setup: FCX .40 break
[09:51] {dino} cov pot .72, +.16 ty vad
[09:51] {Threei} 1:2
[09:51] {Threei} weclome
[09:51] {Threei} only spelled better
[09:51] {dino} lol
[09:52] {Threei} :)
[09:53] {Threei} no go FCX
[10:03] {Threei} Long Setup: LVS .10 break if stays above 42
[10:04] {Threei} what's with market?
[10:04] {Threei} no news
[10:04] {Threei} sudden and quite sizeable drop
[10:07] {Threei} scratching LVS
[10:07] {Threei} can't get a grip on what's happening
[10:10] {Threei} good scratch
[10:11] {dino} same here, sitting
[10:11] {cc_8} market is all over the place
[10:11] {Threei} with no rhyme or rythm
[10:12] {Threei} have a look at this article meanwhile
[10:12] {Threei} http://www.bloomberg.com/news/2011-12-18/china-debts-dwarf-official-data-with-too-big-to-complete-alarms.html
[10:12] {Threei} if this is right, the size of the can of worms which is China is nothing short of ouch
[10:14] {cc_8} sideways market for sure
[10:14] {dino} ugh sina
[10:18] {Threei} what's with these weird spike
[10:22] {Threei} POT daily chart is quite ominous
[10:41] {Threei} smaller shares trade:
[10:41] {Threei} Long Setup: V .20 break
[10:42] {Threei} invalidated but on radar
[10:43] {Threei} Long Setup: V 99 break
[10:44] {Threei} stop under .90
[10:44] {Threei} target 1:4
[10:45] {Threei} another sharp red bar
[10:45] {Threei} what the deuce
[10:46] {Threei} no go
[10:53] {Threei} (SP) PM elect Rajoy: at this time not planning on raising taxes
[10:54] {Threei} Spaniards: it's 7 pm now... at what time you are going to revisit this?
[10:56] {dino} 8:00 pm
[10:57] {Threei} that's what I thought
[10:59] {Threei} let's try to catch TZA on a pullback
[10:59] {Threei} area around .80
[11:04] {Threei} ahh... one of ECB talking heads opened his mouth
[11:04] {Threei} (EU) ECB's Constancio: Seeing more indications of a credit crunch in the euro zone; no current plans to increase ECB capital at the momen
[11:04] {Threei} t- A euro zone breakup is unthinkable, even the departure of one nation from the zone would be very dangerous.
[11:04] {Threei} - The dynamics of contagion have gotten worse in the euro zone. - Expects to see little economic growth in the euro zone next year, and downside risks are high.
[11:04] {Threei} - Recent measures to support banks are enough for now.
[11:04] {Threei} - ECB does not intend to lose any money on items it carries on its balance sheet.
[11:04] {Threei} - There should be no concerns that the ECB's non-standard measures could spill over and impact the ECB's ability to maintain price stability.
[11:05] {Threei} this line I especially like:
[11:05] {Threei} ECB does not intend to lose any money
[11:06] {Threei} nobody does.... doesn't mean nobody loses
[11:06] {Threei} now, sounds like UK installs their version of Glass-Steagal:
[11:06] {Threei} (UK) UK Chancellor Osborne: Approves of proposals to separate UK retail and investment banking operations, govt must address the structure of UK banks
[11:06] {Threei} good for them
[11:07] {Threei} Long Setup: V .50 break
[11:07] {Threei} small shares
[11:08] {Threei} stop .35
[11:09] {Threei} no go
[11:11] {Threei} rinse
[11:18] {Threei} Long Setup: TNA .50 break
[11:18] {Threei} if stays above .35
[11:23] {Threei} invalidated
[11:25] {Threei} one of those days, eh?
[11:27] {cc_8} agree
[11:31] {JK13} close V +.10
[11:32] {swill} wtg
[11:41] {Threei} getting direction right, and not materializing it in profits - this is irritating
[11:42] {Threei} 09:18] {Threei} if SPY loses 122, positive momentum is likely to fizzle out quickly
[11:42] {Threei} color me irritated
[11:44] {Threei} doln't know why, but most drops occur with no technicals to them,
[11:44] {Threei} they look like news-caused but there is no news
[12:05] {RonS} FLASH: Britain refusing to contribute to IMF part of eurozone bailout fund
[12:05] {RonS} Related: Canada tells Germany to look to itself for aid.
[12:05] {Threei} good for them for staying the course
[12:14] {Threei} (EU) ECB's Draghi: If France were to lose its AAA rating, other sovereign ratings would likely change as well- A France downgrade would have an important impact on the EFSF. - A statement of the EU's commitment to implement the ESM fund early would be the best response to a possible downgrade. - Reiterates should not put too much weight on ratings agencies ratings. - Believes the US needs structural reforms, US labor market could be too flexible. - All the risks of new opening of collateral options will be borne by national central banks. - There is no alternative to recapitalizing the banks.
[12:14] {Threei} he believes US needs structural reform?
[12:15] {Threei} he has too few problems on his own?
[12:16] {dino} wow
[12:25] {RonS} SAAB files for bankruptcy. Yuppies from the 1980s in mourning.
[12:25] {Threei} they liked it?
[12:27] {RonS} yep, but only those who were sado-masochists...cult of the repair shop
[12:28] {Threei} hmmm... wouldn't they be even happier with Lada?
[12:29] {RonS} nah, but their second car was a yugo...
[12:29] {Threei} hehe
[12:31] {Threei} wow
[12:31] {Threei} I just noticed
[12:31] {Threei} AONE
[12:31] {Threei} remember we used to make fun of this one from the day it IPOed?
[12:31] {Threei} for a good reason, it seems
[12:33] {RonS} draghi: http://tinyurl.com/7rfads4
[12:38] {Threei} "I have no doubt whatsoever about the strength of the euro, about its permanence, about its irreversibility. Let's not forget, this was a key word at the time of the Maastricht treaty. The one currency is irreversible."
[12:38] {Threei} umm
[12:38] {Threei} wanna bet?
[12:40] {Threei} (EU) PIMCO's El-Erian: The ECB doesn't believe in any sort of policy bazooka - interview- Italian 10Y rate back near 7% indicates that deleveraging is continuing.
[12:43] {Threei} Long Setup: TZA .85
[12:43] {Threei} stop under .70
[12:43] {Threei} target 30.15
[12:55] {Threei} sigh
[12:56] {Threei} some days you really question he wisdom of waking up
[13:00] {Threei} Today on Dr. Oz ,he said to have inner peace we should always finish the things that we start, and it would cause us to be more calm within our lives.
[13:00] {Threei} I looked around my house to find things that I had started and hadn�t finished. So, I finished off a bottle of Merlot, a bottle of Chardonnay, a bodle of Baileyss, a butle of wum, tha mainder of Valliuminum scriptions and a box a chocletz. U haf no idr how fablus I feel rite noow. Sned this to all who need inner piss. An telum I luvum!!!!
[13:00] {dino} roflol
[13:01] {Threei} :)
[13:01] {cc_8} funny
[13:09] {RonS} omg...lol...and i thought us culture was screwed up: http://tinyurl.com/d2ffgwb
[13:11] {Threei} lol
[13:40] {swill} back in 30
[14:09] {RonS} vhc 33% float short
[14:11] {RonS} Chatter that $VHC patent re-exam requested by aapl is denied
[14:19] {Threei} EU) EU govts to lend �150B to IMF, as speculated in the press earlier; UK to define its contribution in early 2012- NOTE earlier today: (EU) Euro zone finance ministers are said to have agreed to a �150B IMF loan for bailout funding (short of �200B expected)
[14:19] {Threei} so, let me get this straight
[14:19] {Threei} EU govts give money to IMF
[14:19] {Threei} IMF uses this money to bail out EU govts
[14:19] {Threei} got it
[14:20] {Threei} for a second I thought they intended to take money our of one pocket, put it in anoter and pretend they have more money
[14:42] {swill} i'm going to call it a day. bye all
[14:43] {RonS} cya swill
[14:43] {cc_8} later swill
[14:44] {Threei} take care swill
[14:44] {Threei} we will et them tomorrow
[14:51] {nemo} http://www.freestockcharts.com?emailChartID=3ad683d3-d634-43ed-a0ea-dc10b56b7d15
[14:51] {nemo} See how IWM bounced at WPP, tail or dog to SPY?
[15:00] {dino} scanners dead
[15:01] {dino} vhc spike
[15:08] {dino} gaps 2211, 1195
[15:20] {RonS} qotd: The ruthless dictator has finally passed on after terrifying millions with its control. I speak, of course, of the 2% barrier on the 10-year
[15:21] {Threei} that's too deep
[15:21] {RonS} reflection that today sucks...
[15:22] {RonS} :)
[15:24] {Threei} the worst kind of sucks
[15:24] {Threei} hate it when I get the direction and find no way to exploit it
[15:25] {RonS} did ya hear that the nk papers reported to the people that he died of "overwork attending to duties for the people"
[15:26] {RonS} and see that the new guy son looks like the marshmellow man from ghostbusters
[15:27] {Threei} lol
[15:27] {Threei} doesn't surprize me for a sec
[15:27] {Threei} total shade of Stalin
[15:28] {Threei} "father of all the nations, working day and night for the enfit of the people"
[15:28] {Threei} benefit
[15:28] {Threei} we sleep, he doesn't - he thinks of us
[15:30] {RonS} hmmm...now that i read it kinda rhymes with what the O says
[15:30] {Threei} nah... no scale
[15:30] {Threei} you have to be willing to kill millions to be at par
[15:31] {RonS} "gone soft"...etc...and as far as the millions...he is working on it...
[15:31] {RonS} david carridine back from dead?
[15:32] {RonS} carradine
[15:38] {RonS} noone could make this up...Italy To Provide €23.5 Billion In IMF Cash To Bailout Italy
[15:38] {Threei} rofl
[15:39] {RonS} lol...BofA's Chief Technician: "Test of the October lows is underway – Santa is not coming"
[15:40] {JK13} that's my feeling too
[15:40] {nemo} feerings...
[15:41] {JK13} :) we are about to test Oct Lows
[15:41] {nemo} coming into the convergence zone on spy
[15:51] {dino} 2211 filled
[15:52] {Threei} finishing at the lows
[15:53] {Threei} frikin TZA that I tried to buy, lol
[15:53] {nemo} looking at the 5 minute there were some great levels to buy
[15:55] {Threei} yes
[15:55] {Threei} but I am a bug today
[15:55] {nemo} what type of bug?
[15:56] {Threei} tomorrow, when I am a windshield again, we will get them
[15:56] {nemo} ohhhhh....
[15:56] {nemo} As the bumper sticker says:
[15:56] {nemo} "Eat Shit: A thousand flies can't be wrong"
[15:56] {dino} lol
[15:57] {Threei} lol but... janitor is frowning
[15:57] {Threei} ok guys, not a stellar day obviously
[15:57] {nemo} I was quoting, what can I say
[15:57] {Threei} have a good evening, see you tomorrow for a much better one
[15:57] {JK13} gn
Not our day - started well, then a few stops took us in red so despite having the right idea on the market direction I decided not to push and let losing day happen. There is always tomorrow.
Session Time: Mon Dec 19 00:00:00 2011
[08:50] {nemo} Vad u there:
[08:50] {nemo} ?
[08:51] {Threei} unfortunately, yes
[08:51] {nemo} I updated the blog
[08:52] {Threei} with link to explanations?
[08:52] {nemo} yep
[08:53] {Threei} cool, ty
[08:53] {nemo} np...check's in the mail, right?
[08:53] {Threei} should have arrived already
[08:53] {nemo} oh
[08:54] {nemo} o.k back to the woods...see ya
[08:54] {Threei} won't be here today?
[08:54] {nemo} maybe later, why, want to insult me?
[08:54] {Threei} aalways
[08:54] {nemo} Isn'
[08:55] {nemo} Isn't it more fun when I'm not here to defend myself?
[08:55] {Threei} no
[08:55] {Threei} takes the edge right out
[08:55] {Threei} and have to repost later when you are in
[08:55] {nemo} ahhh...well, maybe I'll be back later then.
[08:55] {Threei} :)
[09:11] {JK13} good morning
[09:11] {Threei} jk :)
[09:11] {swill} morning
[09:12] {Threei} swill :)
[09:16] {dino} gm
[09:16] {Threei} dino :)
[09:18] {Threei} if SPY loses 122, positive momentum is likely to fizzle out quickly
[09:31] {Threei} Short Setup: FCX .90 break half lot
[09:32] {Threei} if stays under 37
[09:32] {Threei} let's change to .95 break
[09:33] {Threei} valid with stop above .05
[09:35] {Threei} 1:1
[09:35] {JK13} tks Vad +.18
[09:35] {Threei} :)
[09:36] {Threei} Short Setup: SLW .80 break
[09:36] {Threei} if stays under .90
[09:37] {dino} cov fcx .74, +.20 ty vad
[09:37] {Threei} welcome
[09:37] {Threei} coming to 1:3 but without me
[09:37] {Threei} took 1:2 in full
[09:38] {Threei} no go SLW
[09:40] {Threei} Long Setup: RIMM .55 if stays above .45
[09:42] {Threei} invalidated
[09:44] {Threei} SLW rinsed
[09:44] {dino} sina sm l .50
[09:45] {Threei} Short Setup: POT .90 break
[09:45] {dino} out sina .08, +.58
[09:46] {Threei} nice
[09:46] {dino} ty
[09:47] {dino} sina lod
[09:47] {Threei} target 1:3 POT
[09:48] {Threei} come on SPY lose that 122
[09:49] {Threei} 1:1q
[09:49] {Threei} first partial stop to .91
[09:51] {Threei} Short Setup: FCX .40 break
[09:51] {dino} cov pot .72, +.16 ty vad
[09:51] {Threei} 1:2
[09:51] {Threei} weclome
[09:51] {Threei} only spelled better
[09:51] {dino} lol
[09:52] {Threei} :)
[09:53] {Threei} no go FCX
[10:03] {Threei} Long Setup: LVS .10 break if stays above 42
[10:04] {Threei} what's with market?
[10:04] {Threei} no news
[10:04] {Threei} sudden and quite sizeable drop
[10:07] {Threei} scratching LVS
[10:07] {Threei} can't get a grip on what's happening
[10:10] {Threei} good scratch
[10:11] {dino} same here, sitting
[10:11] {cc_8} market is all over the place
[10:11] {Threei} with no rhyme or rythm
[10:12] {Threei} have a look at this article meanwhile
[10:12] {Threei} http://www.bloomberg.com/news/2011-12-18/china-debts-dwarf-official-data-with-too-big-to-complete-alarms.html
[10:12] {Threei} if this is right, the size of the can of worms which is China is nothing short of ouch
[10:14] {cc_8} sideways market for sure
[10:14] {dino} ugh sina
[10:18] {Threei} what's with these weird spike
[10:22] {Threei} POT daily chart is quite ominous
[10:41] {Threei} smaller shares trade:
[10:41] {Threei} Long Setup: V .20 break
[10:42] {Threei} invalidated but on radar
[10:43] {Threei} Long Setup: V 99 break
[10:44] {Threei} stop under .90
[10:44] {Threei} target 1:4
[10:45] {Threei} another sharp red bar
[10:45] {Threei} what the deuce
[10:46] {Threei} no go
[10:53] {Threei} (SP) PM elect Rajoy: at this time not planning on raising taxes
[10:54] {Threei} Spaniards: it's 7 pm now... at what time you are going to revisit this?
[10:56] {dino} 8:00 pm
[10:57] {Threei} that's what I thought
[10:59] {Threei} let's try to catch TZA on a pullback
[10:59] {Threei} area around .80
[11:04] {Threei} ahh... one of ECB talking heads opened his mouth
[11:04] {Threei} (EU) ECB's Constancio: Seeing more indications of a credit crunch in the euro zone; no current plans to increase ECB capital at the momen
[11:04] {Threei} t- A euro zone breakup is unthinkable, even the departure of one nation from the zone would be very dangerous.
[11:04] {Threei} - The dynamics of contagion have gotten worse in the euro zone. - Expects to see little economic growth in the euro zone next year, and downside risks are high.
[11:04] {Threei} - Recent measures to support banks are enough for now.
[11:04] {Threei} - ECB does not intend to lose any money on items it carries on its balance sheet.
[11:04] {Threei} - There should be no concerns that the ECB's non-standard measures could spill over and impact the ECB's ability to maintain price stability.
[11:05] {Threei} this line I especially like:
[11:05] {Threei} ECB does not intend to lose any money
[11:06] {Threei} nobody does.... doesn't mean nobody loses
[11:06] {Threei} now, sounds like UK installs their version of Glass-Steagal:
[11:06] {Threei} (UK) UK Chancellor Osborne: Approves of proposals to separate UK retail and investment banking operations, govt must address the structure of UK banks
[11:06] {Threei} good for them
[11:07] {Threei} Long Setup: V .50 break
[11:07] {Threei} small shares
[11:08] {Threei} stop .35
[11:09] {Threei} no go
[11:11] {Threei} rinse
[11:18] {Threei} Long Setup: TNA .50 break
[11:18] {Threei} if stays above .35
[11:23] {Threei} invalidated
[11:25] {Threei} one of those days, eh?
[11:27] {cc_8} agree
[11:31] {JK13} close V +.10
[11:32] {swill} wtg
[11:41] {Threei} getting direction right, and not materializing it in profits - this is irritating
[11:42] {Threei} 09:18] {Threei} if SPY loses 122, positive momentum is likely to fizzle out quickly
[11:42] {Threei} color me irritated
[11:44] {Threei} doln't know why, but most drops occur with no technicals to them,
[11:44] {Threei} they look like news-caused but there is no news
[12:05] {RonS} FLASH: Britain refusing to contribute to IMF part of eurozone bailout fund
[12:05] {RonS} Related: Canada tells Germany to look to itself for aid.
[12:05] {Threei} good for them for staying the course
[12:14] {Threei} (EU) ECB's Draghi: If France were to lose its AAA rating, other sovereign ratings would likely change as well- A France downgrade would have an important impact on the EFSF. - A statement of the EU's commitment to implement the ESM fund early would be the best response to a possible downgrade. - Reiterates should not put too much weight on ratings agencies ratings. - Believes the US needs structural reforms, US labor market could be too flexible. - All the risks of new opening of collateral options will be borne by national central banks. - There is no alternative to recapitalizing the banks.
[12:14] {Threei} he believes US needs structural reform?
[12:15] {Threei} he has too few problems on his own?
[12:16] {dino} wow
[12:25] {RonS} SAAB files for bankruptcy. Yuppies from the 1980s in mourning.
[12:25] {Threei} they liked it?
[12:27] {RonS} yep, but only those who were sado-masochists...cult of the repair shop
[12:28] {Threei} hmmm... wouldn't they be even happier with Lada?
[12:29] {RonS} nah, but their second car was a yugo...
[12:29] {Threei} hehe
[12:31] {Threei} wow
[12:31] {Threei} I just noticed
[12:31] {Threei} AONE
[12:31] {Threei} remember we used to make fun of this one from the day it IPOed?
[12:31] {Threei} for a good reason, it seems
[12:33] {RonS} draghi: http://tinyurl.com/7rfads4
[12:38] {Threei} "I have no doubt whatsoever about the strength of the euro, about its permanence, about its irreversibility. Let's not forget, this was a key word at the time of the Maastricht treaty. The one currency is irreversible."
[12:38] {Threei} umm
[12:38] {Threei} wanna bet?
[12:40] {Threei} (EU) PIMCO's El-Erian: The ECB doesn't believe in any sort of policy bazooka - interview- Italian 10Y rate back near 7% indicates that deleveraging is continuing.
[12:43] {Threei} Long Setup: TZA .85
[12:43] {Threei} stop under .70
[12:43] {Threei} target 30.15
[12:55] {Threei} sigh
[12:56] {Threei} some days you really question he wisdom of waking up
[13:00] {Threei} Today on Dr. Oz ,he said to have inner peace we should always finish the things that we start, and it would cause us to be more calm within our lives.
[13:00] {Threei} I looked around my house to find things that I had started and hadn�t finished. So, I finished off a bottle of Merlot, a bottle of Chardonnay, a bodle of Baileyss, a butle of wum, tha mainder of Valliuminum scriptions and a box a chocletz. U haf no idr how fablus I feel rite noow. Sned this to all who need inner piss. An telum I luvum!!!!
[13:00] {dino} roflol
[13:01] {Threei} :)
[13:01] {cc_8} funny
[13:09] {RonS} omg...lol...and i thought us culture was screwed up: http://tinyurl.com/d2ffgwb
[13:11] {Threei} lol
[13:40] {swill} back in 30
[14:09] {RonS} vhc 33% float short
[14:11] {RonS} Chatter that $VHC patent re-exam requested by aapl is denied
[14:19] {Threei} EU) EU govts to lend �150B to IMF, as speculated in the press earlier; UK to define its contribution in early 2012- NOTE earlier today: (EU) Euro zone finance ministers are said to have agreed to a �150B IMF loan for bailout funding (short of �200B expected)
[14:19] {Threei} so, let me get this straight
[14:19] {Threei} EU govts give money to IMF
[14:19] {Threei} IMF uses this money to bail out EU govts
[14:19] {Threei} got it
[14:20] {Threei} for a second I thought they intended to take money our of one pocket, put it in anoter and pretend they have more money
[14:42] {swill} i'm going to call it a day. bye all
[14:43] {RonS} cya swill
[14:43] {cc_8} later swill
[14:44] {Threei} take care swill
[14:44] {Threei} we will et them tomorrow
[14:51] {nemo} http://www.freestockcharts.com?emailChartID=3ad683d3-d634-43ed-a0ea-dc10b56b7d15
[14:51] {nemo} See how IWM bounced at WPP, tail or dog to SPY?
[15:00] {dino} scanners dead
[15:01] {dino} vhc spike
[15:08] {dino} gaps 2211, 1195
[15:20] {RonS} qotd: The ruthless dictator has finally passed on after terrifying millions with its control. I speak, of course, of the 2% barrier on the 10-year
[15:21] {Threei} that's too deep
[15:21] {RonS} reflection that today sucks...
[15:22] {RonS} :)
[15:24] {Threei} the worst kind of sucks
[15:24] {Threei} hate it when I get the direction and find no way to exploit it
[15:25] {RonS} did ya hear that the nk papers reported to the people that he died of "overwork attending to duties for the people"
[15:26] {RonS} and see that the new guy son looks like the marshmellow man from ghostbusters
[15:27] {Threei} lol
[15:27] {Threei} doesn't surprize me for a sec
[15:27] {Threei} total shade of Stalin
[15:28] {Threei} "father of all the nations, working day and night for the enfit of the people"
[15:28] {Threei} benefit
[15:28] {Threei} we sleep, he doesn't - he thinks of us
[15:30] {RonS} hmmm...now that i read it kinda rhymes with what the O says
[15:30] {Threei} nah... no scale
[15:30] {Threei} you have to be willing to kill millions to be at par
[15:31] {RonS} "gone soft"...etc...and as far as the millions...he is working on it...
[15:31] {RonS} david carridine back from dead?
[15:32] {RonS} carradine
[15:38] {RonS} noone could make this up...Italy To Provide €23.5 Billion In IMF Cash To Bailout Italy
[15:38] {Threei} rofl
[15:39] {RonS} lol...BofA's Chief Technician: "Test of the October lows is underway – Santa is not coming"
[15:40] {JK13} that's my feeling too
[15:40] {nemo} feerings...
[15:41] {JK13} :) we are about to test Oct Lows
[15:41] {nemo} coming into the convergence zone on spy
[15:51] {dino} 2211 filled
[15:52] {Threei} finishing at the lows
[15:53] {Threei} frikin TZA that I tried to buy, lol
[15:53] {nemo} looking at the 5 minute there were some great levels to buy
[15:55] {Threei} yes
[15:55] {Threei} but I am a bug today
[15:55] {nemo} what type of bug?
[15:56] {Threei} tomorrow, when I am a windshield again, we will get them
[15:56] {nemo} ohhhhh....
[15:56] {nemo} As the bumper sticker says:
[15:56] {nemo} "Eat Shit: A thousand flies can't be wrong"
[15:56] {dino} lol
[15:57] {Threei} lol but... janitor is frowning
[15:57] {Threei} ok guys, not a stellar day obviously
[15:57] {nemo} I was quoting, what can I say
[15:57] {Threei} have a good evening, see you tomorrow for a much better one
[15:57] {JK13} gn
Saturday, December 17, 2011
Nemo's Findings for the week before Xmas...2011
ATTENTION: new course on chart patterns is available now: http://www.realitytrader.com/111trades.html
Here are the images:
Here is the link:
http://www.freestockcharts.com/?emailChartID=e66314a8-60e9-4d53-bda9-ceb15ab948cf
Here's a vid on a trade and a short discussion of an interesting point on the levels:
http://www.youtube.com/watch?v=aWrBq3ASo5Y
And here is the blog link that explains the process:
http://tradinglog.realitytrader.com/2011/12/multi-time-frame-pivot-analysis.html
Here are the images:
Here is the link:
http://www.freestockcharts.com/?emailChartID=e66314a8-60e9-4d53-bda9-ceb15ab948cf
Here's a vid on a trade and a short discussion of an interesting point on the levels:
http://www.youtube.com/watch?v=aWrBq3ASo5Y
And here is the blog link that explains the process:
http://tradinglog.realitytrader.com/2011/12/multi-time-frame-pivot-analysis.html
Friday, December 16, 2011
Dec 16 2011
ATTENTION: new course on chart patterns is available now: http://www.realitytrader.com/111trades.html
Perfect end to a perfect week. 7 wins out of 8 calls, with every day of the week at the same or better percentage. We are having our own private Christmas rally, it seems.
Session Time: Fri Dec 16 00:00:00 2011
[09:09] {dino} gm all
[09:10] {Threei} morning dino
[09:10] {RonS} hi y'all
[09:10] {Threei} ron
[09:11] {RonS} dino, inhx smacked over vrus amending a trial of hep c drug that supposedly is chemically similar to inhx drug
[09:13] {RonS} DB's robyn karnauskas trying to defend $INHX. There are differences and similarities between INX 189 and VRUS 938.
[09:13] {JK13} gm everyone
[09:14] {Threei} jk :)
[09:19] {dino} ok ron
[09:19] {dino} inhx filling gaps
[09:19] {dino} big one at 4.20s
[09:23] {Threei} you know those bad dreams where you can see a disaster aapproaching but can move only very slowly, obviously not rapidly enough to avoid it, and it's closer and closer?
[09:23] {Threei} if you can handle one in real life, look no futher than RIMM long term chart
[09:30] {Threei} (US) US Tsy official: US does not want to seek additional funding from IMF- IMF cannot substitute a credible European firewall
[09:32] {Threei} Short Setup: FCX .45 break half lot
[09:33] {Threei} if stays under .55
[09:33] {Threei} target 1:2
[09:33] {Threei} 1:1
[09:34] {Threei} stop .51
[09:34] {Threei} .46 now
[09:34] {Threei} 1:2
[09:34] {dino} cov fcx .27, +.17
[09:34] {dino} ty
[09:34] {Threei} welcome
[09:35] {JK13} ty +.19
[09:35] {Threei} :)
[09:35] {Threei} Short Setup: SLW .70 break
[09:35] {Threei} half lot
[09:36] {Threei} if goes above .80 will seek another entry
[09:38] {Threei} Short Setup: RIMM .50 break
[09:38] {Threei} if stays under .60
[09:39] {Threei} target 1:3
[09:39] {Threei} classic short formaion, right from the course pages
[09:40] {Threei} 1:1
[09:41] {Threei} 1:2
[09:41] {dino} cov rimm ..34, +.14 ty vad
[09:41] {Threei} welcome sir
[09:42] {Threei} who names the formation that served as a foundation for the call?
[09:42] {JK13} I couldn't short - restricted
[09:42] {Threei} yeah, RIMM shares are likely to become hard to borrow
[09:43] {pragmatic} double top ?
[09:44] {Threei} yup
[09:44] {Threei} and the bounce?
[09:44] {Threei} or you haven't come to that setup yet
[09:44] {pragmatic} hammer
[09:44] {Threei} kangaroo tail
[09:44] {pragmatic} right
[09:44] {Threei} aka morning star
[09:45] {Threei} now, who couldn't identify those on the chart - go read the course!
[09:48] {Threei} Short Setup: SLW .75
[09:48] {Threei} if stays under .85
[09:48] {dino} inhx sm l .52 pulp
[09:50] {Threei} invalidated
[09:51] {dino} out inhx .82, +.30
[09:51] {Threei} wtg
[09:51] {dino} ty
[09:54] {Threei} Short Setup: RIMM .50 break
[09:54] {Threei} if stays under .55
[09:55] {Threei} probably just a scalp this time
[09:56] {Threei} uh, no shares for me either this time
[10:01] {Threei} funny symbol... GNOM
[10:01] {Threei} chart looks accordingly
[10:03] {Threei} Long Setup: FCX .45 break
[10:03] {Threei} if stays above .35
[10:06] {Threei} (EU) Draft of new EU fiscal agreement indicates that the new treaty should be fully compatible with existing EU treaties and the case law of the European Court of Justice - financial press
[10:06] {Threei} - Fiscal Compact to enter into force after nine countries ratify; Agreement to only apply to countries once they ratify it and not binding before
[10:06] {Threei} - New agreement indicates that primary budget deficits must not exceed 0.5% of GDP over the economic cycle.
[10:06] {Threei} - Member states can be taken to the European Court of Justice if they fail to meet targets in the new fiscal agreement.
[10:06] {Threei} - Major economic reforms within the euro zone to be coordinated witlh all EU-27 members
[10:06] {Threei} - All EU members will be kept closely informed on preperation and outcome of Leader Summit meeting
[10:06] {Threei} my target 1:3
[10:07] {Threei} 1:2 should be easy, next step is questionable
[10:08] {Threei} feel free to cover RIMM here who got it
[10:09] {Threei} FCX 1:1
[10:09] {dino} out fcx .60, +.14 ty vad
[10:09] {Threei} :)
[10:14] {dino} sina sm l .53
[10:15] {dino} out sina .93, +.40
[10:15] {dino} too soon
[10:15] {Threei} nice anyway
[10:15] {Threei} 1:2 FCX
[10:15] {dino} pins and needles trading
[10:24] {Threei} Short Setup: LVS .80 break
[10:25] {Threei} stop above .90
[10:25] {Threei} Short Setup: FCX .70 break
[10:25] {Threei} LVS 1:1
[10:26] {Threei} FCX stop .76
[10:27] {Threei} LVS 1:2, out
[10:29] {Threei} capitalism at work:
[10:29] {Threei} http://www.timescolonist.com/business/going+less+than+Victoria+stations/5868695/story.html
[10:30] {Threei} why do you think ese, patience and swill are not here? they are standing in line to fill up their tanks
[10:35] {Threei} ahha... ese is back from the gas line
[10:35] {Threei} I don't know where to put FCX
[10:35] {ese} Hi all just poppin in to say hi....have a show in 1 hr so see ya all monday
[10:35] {Threei} on one hand it was formally at 1:1
[10:35] {Threei} on another, I haven't covered there, and got stopped
[10:35] {Threei} hi ese
[10:36] {dino} fcx stop -.07
[10:36] {Threei} too bad.. good trading days
[10:36] {ese} whats up with gas vad?
[10:36] {Threei} yeah, counting it as a stop, not to nger trading godsa
[10:36] {Threei} under a dollar ese
[10:36] {Threei} price war between costco and chevron
[10:37] {ese} and speaking of whats up......we had no internet connection yesterday here until about 9:30 am...how about you.....TELUS went on the fritz
[10:37] {Threei} 5/6 this morning
[10:37] {Threei} ok here
[10:38] {Threei} had some brief outages Monday morning but it was planned, Shaw was upgrading something
[10:38] {ese} it apparently affected most of victoria
[10:38] {ese} was patience connected?
[10:39] {Threei} yes but she is on Shaw
[10:39] {ese} ahhhhhhhhh
[10:39] {ese} us poor telus saps got nailed
[10:39] {Threei} I dunno why you stick with them , shaw is more reliiable
[10:40] {ese} anywho........cya monday.....the nightmare weeks are over.....last 3 shows ....one this morning tonight ...tomorrow night and done......DRINKIN TIME!!!!!!!!1
[10:40] {Threei} take care ese :)
[10:41] {ese} have a great day
[10:41] {Threei} ok, patience filled up her tank too...
[10:41] {Threei} swill's turn
[10:41] {ese} does swill live on the island somewhere
[10:41] {Threei} yes
[10:41] {ese} nice.......our area?
[10:41] {Threei} yup
[10:42] {ese} cool....cya
[10:42] {Threei} oh, and remember rabler?
[10:42] {Threei} another islander, about to return after hiatus
[10:42] {Threei} rambler
[10:56] {RonS} ...get ready...
[10:56] {RonS} 3 min to znga open
[10:57] {Threei} ok... I finally get my chance to ask
[10:57] {Threei} what do they do??
[10:57] {RonS} online gaming...farmville et al...
[10:58] {RonS} don't understand it here so has to be good...
[10:58] {Threei} lol... I am right there qwith you
[11:00] {RonS} darn...znga open pushed back 5 min
[11:03] {Threei} Short Setup: SLW .90 break
[11:04] {Threei} if stays under 29
[11:04] {Threei} here comes ZNGA
[11:07] {Threei} heh
[11:07] {Threei} (EU) Fed's Dudley: Europe's problems are largely political, Europe has the fiscal capacity to solve its own problems- Europe is not facing either fiscal or insolvancy problems. - Does not anticipate a Euro break up
[11:07] {Threei} wanna bet Dudley?
[11:07] {Threei} wrong on all three counts
[11:08] {Threei} (US) House Speaker Boehner (R-OH): Pledges to attach a Keystone Pipeline rider to any two-month payroll tax extension- States that the GOP wants to speed up implementation of the Keystone Pipeline.
[11:09] {Threei} I am yet to hear any sensible explanation by WH why they postpone it
[11:09] {dino} obama re-election after the greens
[11:10] {Threei} no, I understand their motives
[11:10] {Threei} I just don't understand how they justify it
[11:10] {dino} he's the king
[11:10] {dino} no justification needed
[11:11] {Threei} it's not like they come out openly saying "we want green voktes, so we will pretend we are not approving it until after election"
[11:11] {dino} but that is ideed what os happening
[11:13] {Threei} ZNGA is not too hot
[11:14] {Threei} under IPO price
[11:17] {Threei} come on SLW, don't ruin our great record
[11:19] {RonS} "congress to cut farmville subsidies"
[11:23] {RonS} lol...znga bounces off 200 millisecond average
[11:23] {dino} lol
[11:26] {Threei} lol
[11:26] {RonS} lol..."znga could pull a tebow (you knew that was coming)"
[11:26] {dino} cvc sm l .90
[11:28] {Threei} out SLW
[11:28] {dino} you have to hand it to tebow, he's taking a lot of grief but he keps winning
[11:28] {Threei} 6/7
[11:28] {dino} gj
[11:28] {Threei} ty
[11:28] {RonS} lol...WTF? I just checked my Farmville farm on $ZNGA & all my cows are missing! Is Pincus running this, or Corzine?
[11:29] {dino} friend of "o"
[11:30] {RonS} ...if tebow beats the pats they will talking about him in moscow
[11:32] {dino} as a jet fan, i hope he does
[11:33] {Threei} I am too lazy to look at all the days of this week and have too short memory span to remember, but it feels like a very good week, especially conasidering the market we have
[11:34] {Threei} ok, it's not like I am too busy right now... let's see:
[11:34] {Threei} Mon, 6 calls, 5 wins
[11:34] {Threei} Tue, 1 scratch, the rest are wins, haven't counted them
[11:35] {Threei} Wen, 7 calls, 6 wins
[11:35] {Threei} Thu, 7 out of 7
[11:35] {Threei} man... lewt me go home already
[11:37] {JK13} I think you are home:)
[11:37] {dino} you trying to spell newt? lol'
[11:38] {Threei} rofl
[11:38] {Threei} but jk... there is this commute from bedroom to office...
[11:39] {Threei} with side trip to kitchen to make coffee
[11:39] {JK13} you can use some transportation
[11:40] {Threei} certainly
[11:40] {Threei} good thing gas price dropped to under a buck
[11:48] {dino} knsy vsm l .75
[11:54] {dino} no good working my way out of it
[11:55] {Threei} UK) UK Deputy PM Clegg: France's comments about the UK are unacceptible
[11:55] {Threei} ***Note that French finance minister Baroin earlier stated that the French economy was in better shape than the UK economy. "It is true that the economic situation in Britain is very worrying today and one prefers to be French than British at the moment on the economic level," said Baroin.
[11:58] {Threei} seems we are about to get end of week panic
[11:59] {Threei} let's see if we can catch TZA pullback
[12:02] {Threei} 29.10 zone
[12:02] {dino} dji red
[12:06] {Threei} getting ready
[12:10] {Threei} ideally, it dives under .10, holds above 29, then recrosses .10 for a trigger
[12:14] {Threei} 1:1
[12:15] {Threei} fish in a barrel
[12:23] {Threei} a trade that would have worked twice
[12:32] {Threei} (EU) German magazine Spiegel examines some of the legal technicalities that could put up roadblocks to Germany adopting the newly proposed economic union treaty
[12:32] {Threei} here comes our panic
[12:37] {dino} amazing how after all this time some word can still drop us like a dead cat
[12:38] {Threei} to me, it indicates there is a lot of downside potential still
[12:39] {Threei} plenty of longs that are still hopeful and that jump out when danger becomes more apparent
[12:40] {dino} have to say you are right. when this news does not affect, then pattern changes
[12:40] {Threei} right
[12:41] {Threei} now, this is hillarious:
[12:41] {Threei} (EU) ECB's Orphanides: Not enough attention was paid to national differences
[12:42] {Threei} really? for years we were hrping about what huge factor it is
[12:42] {Threei} and you, architects of the whole thing, haven't seen it?
[12:45] {Threei} *(EU) FITCH PUTS VARIOUS EUROPEAN RATINGS ON WATCH NEGATIVE
[12:45] {Threei} short whatever
[12:45] {Threei} except TZA
[12:46] {RonS} good weekend to all...off to annual festivus lunch with friends
[12:46] {RonS} ...we so enjoy the "airing of grievances"
[12:47] {Threei} take care ron, have a good one
[12:53] {Threei} lol... fetivus
[12:53] {Threei} still giggling
[12:58] {Threei} (US) Fed Fisher: Fed has provided too much liquidity into the system; Fed has done all it can to lower unemployment without risking inflation
[12:58] {Threei} - Opposed more easing not because of inflation concerns but because he did not think it would help jobs.
[12:58] {Threei} - US economic outlook is improving but Europe and emerging economies risk taking it off course.
[12:58] {Threei} - EU measures to address crisis are not complete.
[12:58] {Threei} (FR) FITCH AFFIRMS FRANCE RATING; OUTLOOK NEG
[14:00] {dino} fslr sm l .60
[14:06] {dino} cvc to .15
[14:07] {dino} to .20
[14:07] {dino} out +.30
[14:07] {Threei} wtg
[14:07] {dino} ty took awhile
[14:07] {dino} fslr to flat
[14:08] {dino} out
[14:17] {dino} ugh cvc
[14:29] {Threei} breakdown or not
[14:33] {Threei} not yet
[14:33] {Threei} but watching
[14:33] {Threei} maybe we wioll hook one more before retreating for the weekend
[14:42] {JK13} Vad what do you think of slw?
[14:43] {Threei} locked in such narrow range, it won't do anything by itself
[14:43] {Threei} if market makes a strong move, SLW is likley to follow but in a muted fashion
[14:44] {Threei} FCX should follow better
[15:03] {Threei} total jellyfishiness
[15:07] {dino} live drop
[15:08] {Threei} without capitaks, I can't tell: LIVE dropped, or DROP went live?
[15:09] {dino} live
[15:12] {Threei} sigh... good thing Ron is not here.. he would have lost faith in my ability to make a joke forever
[15:19] {dino} was too tight on fslr, thing went .60
[15:19] {dino} =
[15:19] {dino} +
[15:33] {Threei} absolutely no direction
[15:33] {Threei} you know what... let's call it a day and a week
[15:33] {Threei} very good day ending very good week
[15:33] {Threei} we desrevd a great weekend
[15:33] {Threei} thank you all, get a good rest and see you all on Monday
Perfect end to a perfect week. 7 wins out of 8 calls, with every day of the week at the same or better percentage. We are having our own private Christmas rally, it seems.
Session Time: Fri Dec 16 00:00:00 2011
[09:09] {dino} gm all
[09:10] {Threei} morning dino
[09:10] {RonS} hi y'all
[09:10] {Threei} ron
[09:11] {RonS} dino, inhx smacked over vrus amending a trial of hep c drug that supposedly is chemically similar to inhx drug
[09:13] {RonS} DB's robyn karnauskas trying to defend $INHX. There are differences and similarities between INX 189 and VRUS 938.
[09:13] {JK13} gm everyone
[09:14] {Threei} jk :)
[09:19] {dino} ok ron
[09:19] {dino} inhx filling gaps
[09:19] {dino} big one at 4.20s
[09:23] {Threei} you know those bad dreams where you can see a disaster aapproaching but can move only very slowly, obviously not rapidly enough to avoid it, and it's closer and closer?
[09:23] {Threei} if you can handle one in real life, look no futher than RIMM long term chart
[09:30] {Threei} (US) US Tsy official: US does not want to seek additional funding from IMF- IMF cannot substitute a credible European firewall
[09:32] {Threei} Short Setup: FCX .45 break half lot
[09:33] {Threei} if stays under .55
[09:33] {Threei} target 1:2
[09:33] {Threei} 1:1
[09:34] {Threei} stop .51
[09:34] {Threei} .46 now
[09:34] {Threei} 1:2
[09:34] {dino} cov fcx .27, +.17
[09:34] {dino} ty
[09:34] {Threei} welcome
[09:35] {JK13} ty +.19
[09:35] {Threei} :)
[09:35] {Threei} Short Setup: SLW .70 break
[09:35] {Threei} half lot
[09:36] {Threei} if goes above .80 will seek another entry
[09:38] {Threei} Short Setup: RIMM .50 break
[09:38] {Threei} if stays under .60
[09:39] {Threei} target 1:3
[09:39] {Threei} classic short formaion, right from the course pages
[09:40] {Threei} 1:1
[09:41] {Threei} 1:2
[09:41] {dino} cov rimm ..34, +.14 ty vad
[09:41] {Threei} welcome sir
[09:42] {Threei} who names the formation that served as a foundation for the call?
[09:42] {JK13} I couldn't short - restricted
[09:42] {Threei} yeah, RIMM shares are likely to become hard to borrow
[09:43] {pragmatic} double top ?
[09:44] {Threei} yup
[09:44] {Threei} and the bounce?
[09:44] {Threei} or you haven't come to that setup yet
[09:44] {pragmatic} hammer
[09:44] {Threei} kangaroo tail
[09:44] {pragmatic} right
[09:44] {Threei} aka morning star
[09:45] {Threei} now, who couldn't identify those on the chart - go read the course!
[09:48] {Threei} Short Setup: SLW .75
[09:48] {Threei} if stays under .85
[09:48] {dino} inhx sm l .52 pulp
[09:50] {Threei} invalidated
[09:51] {dino} out inhx .82, +.30
[09:51] {Threei} wtg
[09:51] {dino} ty
[09:54] {Threei} Short Setup: RIMM .50 break
[09:54] {Threei} if stays under .55
[09:55] {Threei} probably just a scalp this time
[09:56] {Threei} uh, no shares for me either this time
[10:01] {Threei} funny symbol... GNOM
[10:01] {Threei} chart looks accordingly
[10:03] {Threei} Long Setup: FCX .45 break
[10:03] {Threei} if stays above .35
[10:06] {Threei} (EU) Draft of new EU fiscal agreement indicates that the new treaty should be fully compatible with existing EU treaties and the case law of the European Court of Justice - financial press
[10:06] {Threei} - Fiscal Compact to enter into force after nine countries ratify; Agreement to only apply to countries once they ratify it and not binding before
[10:06] {Threei} - New agreement indicates that primary budget deficits must not exceed 0.5% of GDP over the economic cycle.
[10:06] {Threei} - Member states can be taken to the European Court of Justice if they fail to meet targets in the new fiscal agreement.
[10:06] {Threei} - Major economic reforms within the euro zone to be coordinated witlh all EU-27 members
[10:06] {Threei} - All EU members will be kept closely informed on preperation and outcome of Leader Summit meeting
[10:06] {Threei} my target 1:3
[10:07] {Threei} 1:2 should be easy, next step is questionable
[10:08] {Threei} feel free to cover RIMM here who got it
[10:09] {Threei} FCX 1:1
[10:09] {dino} out fcx .60, +.14 ty vad
[10:09] {Threei} :)
[10:14] {dino} sina sm l .53
[10:15] {dino} out sina .93, +.40
[10:15] {dino} too soon
[10:15] {Threei} nice anyway
[10:15] {Threei} 1:2 FCX
[10:15] {dino} pins and needles trading
[10:24] {Threei} Short Setup: LVS .80 break
[10:25] {Threei} stop above .90
[10:25] {Threei} Short Setup: FCX .70 break
[10:25] {Threei} LVS 1:1
[10:26] {Threei} FCX stop .76
[10:27] {Threei} LVS 1:2, out
[10:29] {Threei} capitalism at work:
[10:29] {Threei} http://www.timescolonist.com/business/going+less+than+Victoria+stations/5868695/story.html
[10:30] {Threei} why do you think ese, patience and swill are not here? they are standing in line to fill up their tanks
[10:35] {Threei} ahha... ese is back from the gas line
[10:35] {Threei} I don't know where to put FCX
[10:35] {ese} Hi all just poppin in to say hi....have a show in 1 hr so see ya all monday
[10:35] {Threei} on one hand it was formally at 1:1
[10:35] {Threei} on another, I haven't covered there, and got stopped
[10:35] {Threei} hi ese
[10:36] {dino} fcx stop -.07
[10:36] {Threei} too bad.. good trading days
[10:36] {ese} whats up with gas vad?
[10:36] {Threei} yeah, counting it as a stop, not to nger trading godsa
[10:36] {Threei} under a dollar ese
[10:36] {Threei} price war between costco and chevron
[10:37] {ese} and speaking of whats up......we had no internet connection yesterday here until about 9:30 am...how about you.....TELUS went on the fritz
[10:37] {Threei} 5/6 this morning
[10:37] {Threei} ok here
[10:38] {Threei} had some brief outages Monday morning but it was planned, Shaw was upgrading something
[10:38] {ese} it apparently affected most of victoria
[10:38] {ese} was patience connected?
[10:39] {Threei} yes but she is on Shaw
[10:39] {ese} ahhhhhhhhh
[10:39] {ese} us poor telus saps got nailed
[10:39] {Threei} I dunno why you stick with them , shaw is more reliiable
[10:40] {ese} anywho........cya monday.....the nightmare weeks are over.....last 3 shows ....one this morning tonight ...tomorrow night and done......DRINKIN TIME!!!!!!!!1
[10:40] {Threei} take care ese :)
[10:41] {ese} have a great day
[10:41] {Threei} ok, patience filled up her tank too...
[10:41] {Threei} swill's turn
[10:41] {ese} does swill live on the island somewhere
[10:41] {Threei} yes
[10:41] {ese} nice.......our area?
[10:41] {Threei} yup
[10:42] {ese} cool....cya
[10:42] {Threei} oh, and remember rabler?
[10:42] {Threei} another islander, about to return after hiatus
[10:42] {Threei} rambler
[10:56] {RonS} ...get ready...
[10:56] {RonS} 3 min to znga open
[10:57] {Threei} ok... I finally get my chance to ask
[10:57] {Threei} what do they do??
[10:57] {RonS} online gaming...farmville et al...
[10:58] {RonS} don't understand it here so has to be good...
[10:58] {Threei} lol... I am right there qwith you
[11:00] {RonS} darn...znga open pushed back 5 min
[11:03] {Threei} Short Setup: SLW .90 break
[11:04] {Threei} if stays under 29
[11:04] {Threei} here comes ZNGA
[11:07] {Threei} heh
[11:07] {Threei} (EU) Fed's Dudley: Europe's problems are largely political, Europe has the fiscal capacity to solve its own problems- Europe is not facing either fiscal or insolvancy problems. - Does not anticipate a Euro break up
[11:07] {Threei} wanna bet Dudley?
[11:07] {Threei} wrong on all three counts
[11:08] {Threei} (US) House Speaker Boehner (R-OH): Pledges to attach a Keystone Pipeline rider to any two-month payroll tax extension- States that the GOP wants to speed up implementation of the Keystone Pipeline.
[11:09] {Threei} I am yet to hear any sensible explanation by WH why they postpone it
[11:09] {dino} obama re-election after the greens
[11:10] {Threei} no, I understand their motives
[11:10] {Threei} I just don't understand how they justify it
[11:10] {dino} he's the king
[11:10] {dino} no justification needed
[11:11] {Threei} it's not like they come out openly saying "we want green voktes, so we will pretend we are not approving it until after election"
[11:11] {dino} but that is ideed what os happening
[11:13] {Threei} ZNGA is not too hot
[11:14] {Threei} under IPO price
[11:17] {Threei} come on SLW, don't ruin our great record
[11:19] {RonS} "congress to cut farmville subsidies"
[11:23] {RonS} lol...znga bounces off 200 millisecond average
[11:23] {dino} lol
[11:26] {Threei} lol
[11:26] {RonS} lol..."znga could pull a tebow (you knew that was coming)"
[11:26] {dino} cvc sm l .90
[11:28] {Threei} out SLW
[11:28] {dino} you have to hand it to tebow, he's taking a lot of grief but he keps winning
[11:28] {Threei} 6/7
[11:28] {dino} gj
[11:28] {Threei} ty
[11:28] {RonS} lol...WTF? I just checked my Farmville farm on $ZNGA & all my cows are missing! Is Pincus running this, or Corzine?
[11:29] {dino} friend of "o"
[11:30] {RonS} ...if tebow beats the pats they will talking about him in moscow
[11:32] {dino} as a jet fan, i hope he does
[11:33] {Threei} I am too lazy to look at all the days of this week and have too short memory span to remember, but it feels like a very good week, especially conasidering the market we have
[11:34] {Threei} ok, it's not like I am too busy right now... let's see:
[11:34] {Threei} Mon, 6 calls, 5 wins
[11:34] {Threei} Tue, 1 scratch, the rest are wins, haven't counted them
[11:35] {Threei} Wen, 7 calls, 6 wins
[11:35] {Threei} Thu, 7 out of 7
[11:35] {Threei} man... lewt me go home already
[11:37] {JK13} I think you are home:)
[11:37] {dino} you trying to spell newt? lol'
[11:38] {Threei} rofl
[11:38] {Threei} but jk... there is this commute from bedroom to office...
[11:39] {Threei} with side trip to kitchen to make coffee
[11:39] {JK13} you can use some transportation
[11:40] {Threei} certainly
[11:40] {Threei} good thing gas price dropped to under a buck
[11:48] {dino} knsy vsm l .75
[11:54] {dino} no good working my way out of it
[11:55] {Threei} UK) UK Deputy PM Clegg: France's comments about the UK are unacceptible
[11:55] {Threei} ***Note that French finance minister Baroin earlier stated that the French economy was in better shape than the UK economy. "It is true that the economic situation in Britain is very worrying today and one prefers to be French than British at the moment on the economic level," said Baroin.
[11:58] {Threei} seems we are about to get end of week panic
[11:59] {Threei} let's see if we can catch TZA pullback
[12:02] {Threei} 29.10 zone
[12:02] {dino} dji red
[12:06] {Threei} getting ready
[12:10] {Threei} ideally, it dives under .10, holds above 29, then recrosses .10 for a trigger
[12:14] {Threei} 1:1
[12:15] {Threei} fish in a barrel
[12:23] {Threei} a trade that would have worked twice
[12:32] {Threei} (EU) German magazine Spiegel examines some of the legal technicalities that could put up roadblocks to Germany adopting the newly proposed economic union treaty
[12:32] {Threei} here comes our panic
[12:37] {dino} amazing how after all this time some word can still drop us like a dead cat
[12:38] {Threei} to me, it indicates there is a lot of downside potential still
[12:39] {Threei} plenty of longs that are still hopeful and that jump out when danger becomes more apparent
[12:40] {dino} have to say you are right. when this news does not affect, then pattern changes
[12:40] {Threei} right
[12:41] {Threei} now, this is hillarious:
[12:41] {Threei} (EU) ECB's Orphanides: Not enough attention was paid to national differences
[12:42] {Threei} really? for years we were hrping about what huge factor it is
[12:42] {Threei} and you, architects of the whole thing, haven't seen it?
[12:45] {Threei} *(EU) FITCH PUTS VARIOUS EUROPEAN RATINGS ON WATCH NEGATIVE
[12:45] {Threei} short whatever
[12:45] {Threei} except TZA
[12:46] {RonS} good weekend to all...off to annual festivus lunch with friends
[12:46] {RonS} ...we so enjoy the "airing of grievances"
[12:47] {Threei} take care ron, have a good one
[12:53] {Threei} lol... fetivus
[12:53] {Threei} still giggling
[12:58] {Threei} (US) Fed Fisher: Fed has provided too much liquidity into the system; Fed has done all it can to lower unemployment without risking inflation
[12:58] {Threei} - Opposed more easing not because of inflation concerns but because he did not think it would help jobs.
[12:58] {Threei} - US economic outlook is improving but Europe and emerging economies risk taking it off course.
[12:58] {Threei} - EU measures to address crisis are not complete.
[12:58] {Threei} (FR) FITCH AFFIRMS FRANCE RATING; OUTLOOK NEG
[14:00] {dino} fslr sm l .60
[14:06] {dino} cvc to .15
[14:07] {dino} to .20
[14:07] {dino} out +.30
[14:07] {Threei} wtg
[14:07] {dino} ty took awhile
[14:07] {dino} fslr to flat
[14:08] {dino} out
[14:17] {dino} ugh cvc
[14:29] {Threei} breakdown or not
[14:33] {Threei} not yet
[14:33] {Threei} but watching
[14:33] {Threei} maybe we wioll hook one more before retreating for the weekend
[14:42] {JK13} Vad what do you think of slw?
[14:43] {Threei} locked in such narrow range, it won't do anything by itself
[14:43] {Threei} if market makes a strong move, SLW is likley to follow but in a muted fashion
[14:44] {Threei} FCX should follow better
[15:03] {Threei} total jellyfishiness
[15:07] {dino} live drop
[15:08] {Threei} without capitaks, I can't tell: LIVE dropped, or DROP went live?
[15:09] {dino} live
[15:12] {Threei} sigh... good thing Ron is not here.. he would have lost faith in my ability to make a joke forever
[15:19] {dino} was too tight on fslr, thing went .60
[15:19] {dino} =
[15:19] {dino} +
[15:33] {Threei} absolutely no direction
[15:33] {Threei} you know what... let's call it a day and a week
[15:33] {Threei} very good day ending very good week
[15:33] {Threei} we desrevd a great weekend
[15:33] {Threei} thank you all, get a good rest and see you all on Monday
Thursday, December 15, 2011
Dec 15 2011
New course is available now: http://www.realitytrader.com/111trades.html
So, after my harping about beauty of downtrending market you'd expect me to post a loss today, right? Wrong: 7 wins out of 7 calls!
Session Time: Thu Dec 15 00:00:01 2011
[09:04] {Threei} do I have to wake up?
[09:04] {cc_8} usually a good idea
[09:05] {Threei} hmmm... I always thought it was just a theory
[09:05] {Threei} gap up day... hate those
[09:05] {swill} how about auto pilot
[09:06] {Threei} I tried it... it demanded coffee, whiskey and ciogarette... had to turn it off
[09:07] {swill} perhaps just one of those
[09:08] {swill} have black tea this morning
[09:08] {swill} having
[09:09] {dino} gm
[09:09] {Threei} dino :)
[09:13] {swill} i've picked up some good tips from the coarse
[09:14] {Threei} cool beans
[09:14] {Threei} on't tell me you have finished it already, lol
[09:15] {JK13} good morning everyone
[09:15] {swill} i'm not that fast. i like to ponder as i go
[09:15] {Threei} jk :)
[09:17] {RonS} howdy pardners...
[09:18] {swill} howdy
[09:18] {Threei} Ron :)
[09:20] {RonS} lol...has anyone even heard of michael kors?
[09:20] {jakob} good morning
[09:21] {Threei} jakob :)
[09:21] {Threei} no ron... should we?
[09:21] {thomcbell} Vad watches Project Runway
[09:21] {RonS} lol
[09:21] {Threei} hmmm... what's that? :)
[09:21] {Threei} you guys are full of fresh information this morning
[09:21] {RonS} heard he was on it
[09:22] {RonS} 6 inch heels and all...
[09:22] {Threei} ok... if you don't stop right away, I am telling nemo
[09:22] {Threei} and if THAT doesn't scare you, I dunno
[09:22] {RonS} hehe
[09:22] {Threei} so, who is that kors and what is that project?
[09:23] {dino} ipo
[09:23] {RonS} tv show...fashion designer w/ ipo hitting today $1 bil cap
[09:23] {RonS} more proof i am old...
[09:23] {thomcbell} he is a designer that is very good at trading 9:33 range reversals
[09:23] {Threei} hmmm... as if misery of social media ipos wasn't enough
[09:23] {Threei} lol thomc
[09:24] {RonS} some say strength in markets is to get the social media ipo's out and once facebook hits it is all over...
[09:25] {Threei} what strength
[09:25] {Threei} what do those "some" see it
[09:25] {Threei} what = where
[09:26] {RonS} saying w/o it we would be 1050...
[09:27] {RonS} lol...Putin Calls Mccain "Nuts"
[09:30] {Threei} Short Setup: FCX ,20 break half lot
[09:31] {Threei} well, 1:1 but I doubt you had a chance to execute it
[09:31] {cipher} yes
[09:31] {Threei} in case miracle happened 1:2, feel free to get out
[09:31] {Threei} yes as in no, or yes, miracle happened?
[09:31] {cipher} +.20 thx
[09:31] {JK13} too fast
[09:31] {Threei} qwtg
[09:31] {Threei} probably got it aggressively
[09:32] {Threei} fess up
[09:32] {cipher} nope waited till .20
[09:32] {Threei} cool
[09:32] {cipher} wasn't that bad
[09:32] {Threei} Short Setup: SLW .45 break
[09:32] {Threei} if stays under .55
[09:33] {nemo} .24 is pivot
[09:33] {Threei} morning nemo
[09:34] {nemo} enough with the pleasantries
[09:34] {Threei} yes
06[09:34] * Threei slaps nemo around a bit with a large bottle of whisky
[09:34] {nemo} yeah, was just thinking, this waking up sober is not what it's cracked up to be
[09:35] {Threei} Short Setup: FCX 38 break
[09:35] {Threei} SLW over 1:1
[09:35] {Threei} FCX, if stays under .10
[09:35] {Threei} SLW 1:2, out
[09:37] {Threei} did FCX trigger? I haven't seen bid dropping under 38
[09:37] {Threei} chart shows prints under it, may have happened while I was covering SLW
[09:37] {dino} no
[09:37] {Threei} ok, thought so, out of market print
[09:37] {Threei} one of the reasons I hate automated orders
[09:38] {Threei} they can be fooled by these things
[09:38] {Threei} valid
[09:39] {Threei} couple lousy prints at .11 don't invalidate it
[09:39] {Threei} 1;1
[09:39] {Threei} 1:2
[09:39] {Threei} going to 1:3 with this one
[09:40] {Threei} usual partials
[09:40] {Threei} stop is 38.01 for now
[09:40] {dino} cov fcx .81, +.17 ty vad
[09:40] {Threei} welcome
[09:40] {cipher} out fcx thx
[09:40] {Threei} :)
[09:40] {thomcbell} MOLTO BENE
[09:40] {nemo} Here's what I'm looking at: http://www.freestockcharts.com?emailChartID=099f6cac-d54f-432d-a0f5-0969d1ddd9bc
[09:40] {Threei} good job guys
[09:40] {thomcbell} ups catuchup play
[09:40] {nemo} oh no, another guinea
[09:40] {thomcbell} nice bar there on 10 min
[09:41] {thomcbell} buy 71.85 pullback
[09:43] {JK13} .
[09:44] {Threei} Long Setup: LVS .70 break half lot
[09:44] {Threei} if stays above .60
[09:45] {Threei} fast...
[09:45] {Threei} 1;1
[09:45] {cipher} got it
[09:45] {cipher} +.22
[09:45] {nemo} pivot .90
[09:45] {Threei} wtg
[09:45] {Threei} hit 1:2
[09:46] {Threei} don't stick around too long
[09:46] {cipher} .92 high
[09:50] {Threei} closed FCX at 1:3
[09:50] {cipher} wtg
[09:50] {Threei} ty
[09:50] {Threei} 4/4
[09:52] {Threei} trying to discern next market move
[09:52] {Threei} not clear yet
[09:52] {Threei} can go either way easily
[09:52] {cipher} my guess is up
[09:52] {Threei} if so, then LVS again
[09:53] {Threei} but I am not very confident
[09:53] {thomcbell} phil fed at 10
[09:54] {thomcbell} if it confirms jobless claim and empire strength could have a decent up move
[09:54] {thomcbell} fed ex strong as 10 men
[09:58] {dino} sprd sm l .54
[10:00] {Threei} (US) DEC PHILADELPHIA FED: 10.3 V 5.0E
[10:00] {Threei} wow
[10:01] {Threei} and smakcdown
[10:03] {dino} careful 07red
[10:03] {Threei} Short Setup: SLW .90 break
[10:04] {Threei} if stays under 29
[10:05] {Threei} 1:1
[10:05] {Threei} 5/5... on gap up day... did I break the curse?
[10:06] {thomcbell} good reports terible action
[10:07] {thomcbell} =lcs fcx slw aapl qcom straight down from 9:30
[10:07] {Threei} this is very bearish action
[10:07] {nemo} ya think
[10:07] {Threei} selling on good numbers I meaan
[10:07] {Threei} I don't, not really
[10:08] {Threei} and you nemo, you should know better
[10:08] {Threei} thinking is mortal sin
[10:08] {JK13} Tks Vad SLW +.12
[10:08] {Threei} welcome
[10:08] {nemo} yeah, and you keep veering to the sin side
[10:08] {Threei} I do?
[10:08] {nemo} unfortunately
[10:08] {Threei} that's bad... what am I going to tell santa...
[10:09] {nemo} lie
[10:09] {Threei} oh... really
[10:09] {Threei} thanks
[10:09] {nemo} np
[10:09] {nemo} he's a pedophile anyway
[10:09] {Threei} janitor
[10:09] {nemo} likes the reindeer too
[10:10] {nemo} what, you think children are following a frickin' daytrading blog?
[10:10] {nemo} watch .25 level IWM
[10:10] {Threei} SLW is ready for the next leg if loses .80
[10:11] {Threei} here we go
[10:11] {thomcbell} qcom short bounce up near 53 VAD
[10:11] {thomcbell} ?
[10:11] {Threei} depends on how it gets there
[10:11] {thomcbell} klac also on short radar here
[10:11] {Threei} can't tell in advance
[10:12] {Threei} if anyone partials SLW, stop .91
[10:13] {Threei} QCOM, rather let it go over 53, then seek to short recross back down if stays under 53.10
[10:13] {Threei} this kind of behavior is more consistent with its habits
[10:13] {thomcbell} ok like it - fcx holding pivot for now
[10:14] {Threei} and yes, you read it right: I typed 4 lines with no single mistype
[10:14] {Threei} won't happen too often so markt this occassion in your calendar
[10:14] {nemo} grammar sucks though
[10:14] {Threei} what's grammar?
[10:14] {nemo} u know grammar and grandpa
[10:15] {Threei} ah
[10:15] {nemo} I'm not sure i like sober
[10:16] {dino} vmw drop
[10:17] {dino} sm l .84
[10:19] {nemo} don't like that daily on vmw
[10:20] {dino} 85.65 target s1
[10:21] {nemo} vwap at 86.70 and falling
[10:21] {dino} watching it
[10:21] {cipher} +.34 vmw thx
[10:21] {dino} gj
[10:21] {Threei} nice
[10:21] {Threei} you guys are scary... feed you a stock symbol, you turn it into money
[10:22] {Threei} btw, I removed a coupon number for the course discount from the log... if anyone haven't copied it, ask to repost
[10:23] {nemo} How come my coupon increases the cost?
[10:23] {cipher} can you repost?
[10:23] {thomcbell} hd on radar for a short - needs to consolidate near lows
[10:23] {Threei} (edited out)
[10:24] {Threei} try not to enter it twice nemo... it programmed to double instead of trimming another 50%
[10:24] {dino} out vmw .32, +.48
[10:24] {cipher} thx
[10:24] {Threei} sure thing
[10:24] {cipher} wtg dino
[10:24] {Threei} nice one dino
[10:24] {dino} ty
[10:26] {Threei} that one above was for room members
[10:26] {Threei} BVO members have different number
[10:26] {Threei} (edited out)
[10:28] {Threei} QCOM, plan worked like charm
[10:28] {Threei} went over 53, stayed under .10, hit 1;1
[10:28] {Threei} anyone took it?
[10:31] {Threei} what, you all took a silence oath?
[10:32] {swill} i miss it
[10:32] {swill} missed
[10:33] {JK13} I missed as well
[10:33] {cipher} same here
[10:33] {swill} am i in trouble?
[10:33] {cipher} didn't see nice colors on qcom
[10:33] {Threei} oh well... I won't include it in today's stats then
[10:34] {Threei} no, wasn't as much official call as answering the question :)
[10:34] {cipher} you owe us another winner then :)
[10:34] {Threei} oops
[10:34] {Threei} lol
[10:38] {Threei} hmm
[10:38] {Threei} sharp red bar, no news
[10:39] {Threei} wow QCOM... big drop
[10:39] {Threei} nice spot tbell
[10:42] {nemo} we're just above iwm and spy pivots
[10:42] {thomcbell} those seem to be working since mondayh
[10:42] {thomcbell} without firehose
[10:43] {nemo} ?
[10:43] {thomcbell} liquidity firehose -
[10:43] {thomcbell} i was referring to the qcom
[10:44] {nemo} at pivots
[10:44] {nemo} getting divergences
[10:45] {nemo} look for potential bounce to vwap
[10:45] {nemo} this is weekly s1 support on spy
[10:47] {cipher} tna l .92
[10:50] {cipher} out .18 +.26
[10:55] {dino} gj
[10:57] {nemo} see we got the bounce after my computer freeze..vwap might still be target for IWM, SPY a bit far awway
[11:00] {dino} zoll
[11:01] {dino} sm s .70
[11:02] {dino} cov -.30
[11:04] {dino} sm s .33
[11:05] {RonS} pulp plus...
[11:06] {dino} cov .00, +1.30
[11:06] {Threei} wtg
[11:06] {RonS} gj...diaper change time?
[11:06] {dino} ty
[11:07] {dino} bit of pulp
[11:07] {RonS} w/ spreads hitting .30-.50 ya think
[11:08] {dino} sm s .75
[11:09] {dino} cov .20, +.55
[11:10] {thomcbell} slw about to have its moment of truth
[11:10] {Threei} I am l,ooking at it for the last 10 min, trying to get an idea
[11:11] {Threei} and each time I decide I do, it does opposite
[11:12] {dino} zoll sm s .10
[11:13] {dino} cov .33 -.23
[11:15] {dino} itmn drop
[11:16] {Threei} ok
[11:16] {Threei} Short Setup: SLW .60 break
[11:16] {RonS} $ITMN -- report that a German science board that contracts w/ gov't raises doubt about pirfenidone benefit
[11:16] {dino} ty
[11:17] {Threei} invalidated
[11:18] {dino} .01 trig imo
[11:20] {dino} out itmn .43, +.42
[11:21] {cipher} nice
[11:21] {dino} too soon
[11:21] {cipher} I chickened out fo a few pennies
[11:21] {Threei} SLW is valid again
[11:21] {RonS} itmn got in .11 want .80
[11:23] {dino} zoll sm s .00
[11:24] {dino} gj itmn ron
[11:25] {RonS} out .57 chickened out +.46
[11:26] {Threei} 1:1
[11:26] {Threei} cipher... that counts as another win I owed, right?
[11:26] {cipher} deal
[11:27] {Threei} cool
[11:27] {Threei} 6/6
[11:27] {cipher} to bad i missed it :(
[11:27] {Threei} and if anyone paid any attention to me, it would be 7
[11:27] {cipher} was pre occupied with itmn
[11:27] {Threei} well... this time nice colors were there
[11:27] {Threei} and triggered slowly
[11:27] {RonS} nuts itmn
[11:29] {dino} yeah
[11:29] {Threei} that's what putin said of mccain, ron
[11:29] {RonS} if i was not ctying i would be laughing...
[11:29] {Threei} hehe
[11:30] {Threei} finally I made a joke that made ron laugh
[11:30] {RonS} happens regularly actually
[11:31] {RonS} ...every time you insult nemo...
[11:31] {Threei} ok... finally I made a joke that made ron admit he laughed
[11:31] {Threei} oh btw!
[11:31] {Threei} nemo
[11:31] {Threei} guess what book I bought,
[11:31] {Threei} and intend to present to you once I see you
[11:31] {dino} rememberthe 3 d's ron
[11:31] {RonS} ?
[11:32] {dino} deny deny deny laughing at vads jokes
[11:32] {RonS} rotflol
[11:32] {Threei} too late, I know now he is closet fan
[11:32] {Threei} come on nemo, wake up
[11:33] {Threei} ok, he will read it when he sobers up... or drinks more
[11:33] {Threei} Giant Book of Insults
[11:33] {Threei} saw it and immediately thought it was the best present
[11:34] {Threei} read a few pages, and it didn't disappoint
[11:36] {RonS} just looked zoll intra...it needs their product!!!
[11:37] {dino} surprised 60 holds
[11:38] {dino} cov -.30
[11:38] {dino} taking break
[11:39] {RonS} so, if you wear one of these things is it required you paste sign on forehead: heart attack waiting to happen?
[11:40] {RonS} ...or: warning...i have some shocking news in my pocket?
[11:40] {Threei} lol
[11:48] {RonS} fcx l .40 break?
[11:48] {Threei} chart is right
[11:48] {Threei} SPY look is not very favorable
[11:51] {Threei} yeah, ruined
[11:55] {RonS} qotd: Has anyone ever performed knee surgery using only $WBMD and a scalpel? Asking for a friend.
[11:56] {Threei} rofl
[12:01] {RonS} rimm options suggest a 20% move on earnings this pm
[12:01] {RonS} $2.60
[12:02] {RonS} sheesh...error...$1.77
[12:08] {JK13} wow LVS
[12:15] {Threei} we have quadrule witching tomorrow?
[12:15] {Threei} or someone mixed up dates?
[12:16] {RonS} heard triple but triple or quad what is difference besides 1?
[12:16] {Threei} really
[12:16] {Threei} just sounds scarier
[12:40] {RonS} classic: I'm cheating on the Euro Crisis with the younger, hotter China Crisis.
[12:40] {Threei} rofl
[12:40] {Threei} this is really good one
[12:42] {Threei} *(GR) Troika inspectors to return to Greece for more consultations the week of Jan 15-20
[12:44] {Threei} (US) S&P issues outlook on US banking sector; outlook is dim
[12:49] {RonS} lol...But with the new China crash it's hot and heavy. Sometimes we don't even leave the house days...Europe be leaving messages and sh*t
[13:02] {Threei} (EU) EMU members now said to be looking to scale back some prior ambitions regarding fiscal union - FT
[13:02] {Threei} - Members now seeking to narrow scope of agreement to help passage through Parliaments; agreement would now only call for two provisions: A Debt Brake and making sanctions more automatic
[13:02] {Threei} - Bilateral agreements could go further
[13:02] {Threei} - Formal negotiations regarding the treaty will begin next week with final text by end of January; estimated signing in March
[13:02] {Threei} lol
[13:02] {Threei} those ambitions were said to be not enough to save things
[13:02] {Threei} now they scale them back
[13:04] {nemo} well that was fun...
[13:05] {dino} had a dream last night that germany dropped out of euro and went back to the dm
[13:05] {Threei} many call it a nightmare
[13:05] {RonS} kinky
[13:05] {nemo} did Merkel grow a little moustache and part her hair on the right side too
[13:05] {Threei} lol
[13:20] {dino} athn
[13:22] {dino} sm l .85
[13:22] {RonS} $ATHN Sees Gross Margin Down Next Year vs This Year; Spiking Lower on Heavy Volume
[13:23] {dino} thx
[13:24] {dino} out .62 -.23
[13:27] {dino} sm l .83
[13:29] {dino} out .52, +.69
[13:29] {cipher} wtg
[13:30] {dino} ty
[13:31] {cipher} athn s .73
[13:31] {cipher} covered .40 +.33
[13:31] {RonS} ltm sm s .28
[13:33] {dino} gj
[13:33] {cipher} thx
[13:34] {RonS} cvx prosecutors want permanent ban in brazil
[13:37] {cipher} ATHN L .23
[13:39] {cipher} stopped .-35
[13:39] {dino} going for 50 strike?
[13:39] {dino} bam!
[13:39] {dino} too fast for entry
[13:39] {nemo} athn just bounced off 200 sma
[13:42] {dino} smr l .56
[13:43] {dino} out .06, +.50
[13:43] {dino} wow way soon
[13:44] {cipher} +.50
[13:44] {cipher} wow
[13:44] {dino} gj
[13:44] {Threei} gj guys
[13:44] {cipher} scary
[13:44] {dino} went to 300
[13:44] {dino} shares
[13:45] {cipher} got 150
[13:45] {Threei} if I understand right, market spike is caused by this BSD:
[13:45] {Threei} (EU) Ireland Fin Min Noonan: Expects the EU to confirm �200B for IMF funds soon
[13:45] {dino} first two times were 400, but after that death drop
[13:45] {Threei} I'd expect it to be sold
[13:51] {cipher} in 47.81
[13:52] {cipher} out +.19
[13:52] {cipher} no guts to hold
[13:52] {dino} want 46.76
[13:52] {dino} cojones
[13:52] {cipher} coming soon
[13:53] {dino} hmmm, sometimes i expect too much
[13:54] {dino} db?
[13:54] {dino} nope
[13:56] {dino} in smr
[13:56] {dino} .76
[13:58] {dino} out .31, +.55
[13:59] {cipher} gj
[13:59] {dino} ty
[13:59] {dino} wicked
[14:00] {RonS} strange vix spike down
[14:00] {dino} 43.25 next supp
[14:01] {RonS} hmmm...wil athn get a halt?
[14:03] {Threei} my newsfeed is down
[14:05] {dino} athn w3hy even announce anything
[14:07] {dino} damn was waiting .26
[14:10] {dino} .25 l
[14:11] {dino} stop -.30
[14:12] {dino} smr l .00
[14:13] {dino} out .42
[14:15] {dino} smr l .50
[14:15] {dino} stop -.30
[14:15] {Threei} news is back
[14:15] {Threei} anyone need an ything?
[14:16] {swill} good news its back
[14:16] {Threei} no, I never said GOOD news is back... just news :)
[14:17] {swill} lol
[14:17] {Threei} at this rate ATHN will hit zero before this day is over
[14:17] {Threei} nemo... you here?
[14:18] {dino} smr l .53
[14:18] {dino} out .70, +1.17
[14:19] {dino} and on that note, calling it a day.
[14:19] {dino} thx all, errands to run
[14:19] {nemo} no, why
[14:19] {Threei} not a bad day I'd say
[14:19] {dino} ;)
[14:19] {Threei} and not a bad note to call a day on
[14:20] {Threei} nemo... have you seen my post about the book I bought for you?
[14:20] {nemo} no
[14:20] {Threei} [11:31] {Threei} nemo
[14:20] {Threei} [11:31] {Threei} guess what book I bought,
[14:20] {Threei} [11:31] {Threei} and intend to present to you once I see you
[14:21] {Threei} 11:33] {Threei} Giant Book of Insults
[14:21] {Threei} [11:33] {Threei} saw it and immediately thought it was the best present
[14:21] {Threei} [11:34] {Threei} read a few pages, and it didn't disappoint
[14:21] {nemo} I was a contributing author
[14:21] {Threei} ah,. OK... I'll keep it then
[14:22] {JK13} Vad, do you think lvs has created C& H in 1 min chart
[14:23] {Threei} with cup starting at the open?
[14:23] {Threei} handle is way too long for that...
[14:23] {JK13} yes
[14:23] {JK13} thx
[14:24] {Threei} when you get to that course, you'll see what lenght handle should be about... :)
[14:24] {nemo} hard to say here it's just above pivot and testing swing high
[14:25] {JK13} thx nemo
[14:26] {Threei} I'd rather look to fade it
[14:26] {Threei} especially if SPY drops
[14:27] {Threei} as in:
[14:27] {Threei} Short Setup: LVS 41 break
[14:27] {Threei} if stays under .10
[14:28] {nemo} pivot at .90
[14:29] {Threei} 1:1
[14:29] {Threei} 7/7
[14:29] {Threei} will you EVER let me go home??
[14:29] {nemo} o.k. we fade Harry Potter's calls
[14:30] {JK13} not yet, thx +14
[14:30] {Threei} :)
[14:30] {Threei} btw, course has a few examples of fading C&H
[14:30] {RonS} diapers pls...athn 42.60 ave to 44.80 +2.20
[14:30] {RonS} and pass the zoll
[14:30] {Threei} didn't realize we did it quite a few times
[14:30] {JK13} gj Ron
[14:30] {Threei} lol ron
[14:38] {RonS} lol...RIMM reports tonight. If it drops any lower it will no longer be in Canada
[14:38] {Threei} lol
[14:38] {Threei} and since AAPL will never let it land in US, it goes right throgh, to Mexico
[14:44] {RonS} out ltm .35 -.07
[14:48] {Threei} LVS 1:2
[14:51] {RonS} arghhh...athn went another 2.00
[14:52] {Threei} lol... come on, no diapers in the world could keep you in it for this long
[14:53] {RonS} so true
[15:16] {Threei} ugh... dino left without getting this nugget of wisdom form high above with exceptional value added:
[15:16] {Threei} (US) Fed's Lockhart: Unsustainable deficits for US will be painful
[15:16] {Threei} duh!
[15:17] {Threei} (FR) France PM Fillon: France is determined to reduce deficit and boost GDP; will never give up the euro
[15:17] {Threei} ummm
[15:18] {Threei} Euro vs US Dollar FX Concept's John Taylor: Parity in EUR/USD is a possibility, expects EUR to continue to fall
[15:19] {JK13} Would be easy to travel to europe if that is the case
[15:19] {Threei} yeah...
[15:19] {Threei} don't use color please
[15:21] {Threei} it's associated with calls... you may make someone impulsively short something
[15:21] {JK13} ok
[15:22] {RonS} thanks 3i almost shorted travel to europe...
[15:22] {Threei} hehe
[15:22] {JK13} :)
[15:22] {Threei} btw that would be true for americans mostly
[15:23] {Threei} canadioan dollar seems to be dropping merrily with euro
[15:26] {JK13} but it is not bad for people that work with us funds
[15:26] {Threei} not bad? it's extatic
[15:26] {Threei} or how you spell that
[15:27] {Threei} if it were in my power, CDN would be back to its 1998 levels
[15:27] {Threei} this parity stuff is killing me
[15:28] {JK13} that's right and good for manufacturing
[15:30] {swill} i believe cand dollar will come off further
[15:30] {Threei} I pray you are right
[15:30] {JK13} 2012 prayer
[15:31] {swill} commodity storey weakening
[15:37] {Threei} Short Setup: FCX .70 break
[15:37] {Threei} if stays under .80
[15:38] {Threei} correct to .75 break
[15:38] {Threei} with stop .85
[15:41] {Threei} invalidated
[15:41] {Threei} not sure about another recalibration to .80
[15:44] {swill} shuks
[15:50] {Threei} CME directors suing Corzine over missing MF Global funds
[15:51] {Threei} somewhat strange entity to sue
[15:51] {Threei} but whatever
[15:51] {Threei} sue him to high heaven
[15:51] {Threei} no love lost
[15:53] {Threei} RIM earnings after close
[15:53] {Threei} won't be pretty I guess
[15:53] {nemo} short
[15:54] {Threei} I'll stick arounf for a few min afer close
[15:54] {Threei} want to look at it
[15:58] {Threei} volume is ridiculous today
[15:59] {Threei} very unconvincing green day, finishing near the low
[15:59] {Threei} if anything, litle tech bounce in downtrend
[16:00] {RonS} copper was just horrible today
[16:00] {Threei} look at gold
[16:01] {Threei} come on RIMM{ suspense is killing us
[16:06] {Threei} ADBE decent report
[16:07] {Threei} RIMM is probably trying to tarnsmit the earnings over blackberry netweork, so it's delayed
So, after my harping about beauty of downtrending market you'd expect me to post a loss today, right? Wrong: 7 wins out of 7 calls!
Session Time: Thu Dec 15 00:00:01 2011
[09:04] {Threei} do I have to wake up?
[09:04] {cc_8} usually a good idea
[09:05] {Threei} hmmm... I always thought it was just a theory
[09:05] {Threei} gap up day... hate those
[09:05] {swill} how about auto pilot
[09:06] {Threei} I tried it... it demanded coffee, whiskey and ciogarette... had to turn it off
[09:07] {swill} perhaps just one of those
[09:08] {swill} have black tea this morning
[09:08] {swill} having
[09:09] {dino} gm
[09:09] {Threei} dino :)
[09:13] {swill} i've picked up some good tips from the coarse
[09:14] {Threei} cool beans
[09:14] {Threei} on't tell me you have finished it already, lol
[09:15] {JK13} good morning everyone
[09:15] {swill} i'm not that fast. i like to ponder as i go
[09:15] {Threei} jk :)
[09:17] {RonS} howdy pardners...
[09:18] {swill} howdy
[09:18] {Threei} Ron :)
[09:20] {RonS} lol...has anyone even heard of michael kors?
[09:20] {jakob} good morning
[09:21] {Threei} jakob :)
[09:21] {Threei} no ron... should we?
[09:21] {thomcbell} Vad watches Project Runway
[09:21] {RonS} lol
[09:21] {Threei} hmmm... what's that? :)
[09:21] {Threei} you guys are full of fresh information this morning
[09:21] {RonS} heard he was on it
[09:22] {RonS} 6 inch heels and all...
[09:22] {Threei} ok... if you don't stop right away, I am telling nemo
[09:22] {Threei} and if THAT doesn't scare you, I dunno
[09:22] {RonS} hehe
[09:22] {Threei} so, who is that kors and what is that project?
[09:23] {dino} ipo
[09:23] {RonS} tv show...fashion designer w/ ipo hitting today $1 bil cap
[09:23] {RonS} more proof i am old...
[09:23] {thomcbell} he is a designer that is very good at trading 9:33 range reversals
[09:23] {Threei} hmmm... as if misery of social media ipos wasn't enough
[09:23] {Threei} lol thomc
[09:24] {RonS} some say strength in markets is to get the social media ipo's out and once facebook hits it is all over...
[09:25] {Threei} what strength
[09:25] {Threei} what do those "some" see it
[09:25] {Threei} what = where
[09:26] {RonS} saying w/o it we would be 1050...
[09:27] {RonS} lol...Putin Calls Mccain "Nuts"
[09:30] {Threei} Short Setup: FCX ,20 break half lot
[09:31] {Threei} well, 1:1 but I doubt you had a chance to execute it
[09:31] {cipher} yes
[09:31] {Threei} in case miracle happened 1:2, feel free to get out
[09:31] {Threei} yes as in no, or yes, miracle happened?
[09:31] {cipher} +.20 thx
[09:31] {JK13} too fast
[09:31] {Threei} qwtg
[09:31] {Threei} probably got it aggressively
[09:32] {Threei} fess up
[09:32] {cipher} nope waited till .20
[09:32] {Threei} cool
[09:32] {cipher} wasn't that bad
[09:32] {Threei} Short Setup: SLW .45 break
[09:32] {Threei} if stays under .55
[09:33] {nemo} .24 is pivot
[09:33] {Threei} morning nemo
[09:34] {nemo} enough with the pleasantries
[09:34] {Threei} yes
06[09:34] * Threei slaps nemo around a bit with a large bottle of whisky
[09:34] {nemo} yeah, was just thinking, this waking up sober is not what it's cracked up to be
[09:35] {Threei} Short Setup: FCX 38 break
[09:35] {Threei} SLW over 1:1
[09:35] {Threei} FCX, if stays under .10
[09:35] {Threei} SLW 1:2, out
[09:37] {Threei} did FCX trigger? I haven't seen bid dropping under 38
[09:37] {Threei} chart shows prints under it, may have happened while I was covering SLW
[09:37] {dino} no
[09:37] {Threei} ok, thought so, out of market print
[09:37] {Threei} one of the reasons I hate automated orders
[09:38] {Threei} they can be fooled by these things
[09:38] {Threei} valid
[09:39] {Threei} couple lousy prints at .11 don't invalidate it
[09:39] {Threei} 1;1
[09:39] {Threei} 1:2
[09:39] {Threei} going to 1:3 with this one
[09:40] {Threei} usual partials
[09:40] {Threei} stop is 38.01 for now
[09:40] {dino} cov fcx .81, +.17 ty vad
[09:40] {Threei} welcome
[09:40] {cipher} out fcx thx
[09:40] {Threei} :)
[09:40] {thomcbell} MOLTO BENE
[09:40] {nemo} Here's what I'm looking at: http://www.freestockcharts.com?emailChartID=099f6cac-d54f-432d-a0f5-0969d1ddd9bc
[09:40] {Threei} good job guys
[09:40] {thomcbell} ups catuchup play
[09:40] {nemo} oh no, another guinea
[09:40] {thomcbell} nice bar there on 10 min
[09:41] {thomcbell} buy 71.85 pullback
[09:43] {JK13} .
[09:44] {Threei} Long Setup: LVS .70 break half lot
[09:44] {Threei} if stays above .60
[09:45] {Threei} fast...
[09:45] {Threei} 1;1
[09:45] {cipher} got it
[09:45] {cipher} +.22
[09:45] {nemo} pivot .90
[09:45] {Threei} wtg
[09:45] {Threei} hit 1:2
[09:46] {Threei} don't stick around too long
[09:46] {cipher} .92 high
[09:50] {Threei} closed FCX at 1:3
[09:50] {cipher} wtg
[09:50] {Threei} ty
[09:50] {Threei} 4/4
[09:52] {Threei} trying to discern next market move
[09:52] {Threei} not clear yet
[09:52] {Threei} can go either way easily
[09:52] {cipher} my guess is up
[09:52] {Threei} if so, then LVS again
[09:53] {Threei} but I am not very confident
[09:53] {thomcbell} phil fed at 10
[09:54] {thomcbell} if it confirms jobless claim and empire strength could have a decent up move
[09:54] {thomcbell} fed ex strong as 10 men
[09:58] {dino} sprd sm l .54
[10:00] {Threei} (US) DEC PHILADELPHIA FED: 10.3 V 5.0E
[10:00] {Threei} wow
[10:01] {Threei} and smakcdown
[10:03] {dino} careful 07red
[10:03] {Threei} Short Setup: SLW .90 break
[10:04] {Threei} if stays under 29
[10:05] {Threei} 1:1
[10:05] {Threei} 5/5... on gap up day... did I break the curse?
[10:06] {thomcbell} good reports terible action
[10:07] {thomcbell} =lcs fcx slw aapl qcom straight down from 9:30
[10:07] {Threei} this is very bearish action
[10:07] {nemo} ya think
[10:07] {Threei} selling on good numbers I meaan
[10:07] {Threei} I don't, not really
[10:08] {Threei} and you nemo, you should know better
[10:08] {Threei} thinking is mortal sin
[10:08] {JK13} Tks Vad SLW +.12
[10:08] {Threei} welcome
[10:08] {nemo} yeah, and you keep veering to the sin side
[10:08] {Threei} I do?
[10:08] {nemo} unfortunately
[10:08] {Threei} that's bad... what am I going to tell santa...
[10:09] {nemo} lie
[10:09] {Threei} oh... really
[10:09] {Threei} thanks
[10:09] {nemo} np
[10:09] {nemo} he's a pedophile anyway
[10:09] {Threei} janitor
[10:09] {nemo} likes the reindeer too
[10:10] {nemo} what, you think children are following a frickin' daytrading blog?
[10:10] {nemo} watch .25 level IWM
[10:10] {Threei} SLW is ready for the next leg if loses .80
[10:11] {Threei} here we go
[10:11] {thomcbell} qcom short bounce up near 53 VAD
[10:11] {thomcbell} ?
[10:11] {Threei} depends on how it gets there
[10:11] {thomcbell} klac also on short radar here
[10:11] {Threei} can't tell in advance
[10:12] {Threei} if anyone partials SLW, stop .91
[10:13] {Threei} QCOM, rather let it go over 53, then seek to short recross back down if stays under 53.10
[10:13] {Threei} this kind of behavior is more consistent with its habits
[10:13] {thomcbell} ok like it - fcx holding pivot for now
[10:14] {Threei} and yes, you read it right: I typed 4 lines with no single mistype
[10:14] {Threei} won't happen too often so markt this occassion in your calendar
[10:14] {nemo} grammar sucks though
[10:14] {Threei} what's grammar?
[10:14] {nemo} u know grammar and grandpa
[10:15] {Threei} ah
[10:15] {nemo} I'm not sure i like sober
[10:16] {dino} vmw drop
[10:17] {dino} sm l .84
[10:19] {nemo} don't like that daily on vmw
[10:20] {dino} 85.65 target s1
[10:21] {nemo} vwap at 86.70 and falling
[10:21] {dino} watching it
[10:21] {cipher} +.34 vmw thx
[10:21] {dino} gj
[10:21] {Threei} nice
[10:21] {Threei} you guys are scary... feed you a stock symbol, you turn it into money
[10:22] {Threei} btw, I removed a coupon number for the course discount from the log... if anyone haven't copied it, ask to repost
[10:23] {nemo} How come my coupon increases the cost?
[10:23] {cipher} can you repost?
[10:23] {thomcbell} hd on radar for a short - needs to consolidate near lows
[10:23] {Threei} (edited out)
[10:24] {Threei} try not to enter it twice nemo... it programmed to double instead of trimming another 50%
[10:24] {dino} out vmw .32, +.48
[10:24] {cipher} thx
[10:24] {Threei} sure thing
[10:24] {cipher} wtg dino
[10:24] {Threei} nice one dino
[10:24] {dino} ty
[10:26] {Threei} that one above was for room members
[10:26] {Threei} BVO members have different number
[10:26] {Threei} (edited out)
[10:28] {Threei} QCOM, plan worked like charm
[10:28] {Threei} went over 53, stayed under .10, hit 1;1
[10:28] {Threei} anyone took it?
[10:31] {Threei} what, you all took a silence oath?
[10:32] {swill} i miss it
[10:32] {swill} missed
[10:33] {JK13} I missed as well
[10:33] {cipher} same here
[10:33] {swill} am i in trouble?
[10:33] {cipher} didn't see nice colors on qcom
[10:33] {Threei} oh well... I won't include it in today's stats then
[10:34] {Threei} no, wasn't as much official call as answering the question :)
[10:34] {cipher} you owe us another winner then :)
[10:34] {Threei} oops
[10:34] {Threei} lol
[10:38] {Threei} hmm
[10:38] {Threei} sharp red bar, no news
[10:39] {Threei} wow QCOM... big drop
[10:39] {Threei} nice spot tbell
[10:42] {nemo} we're just above iwm and spy pivots
[10:42] {thomcbell} those seem to be working since mondayh
[10:42] {thomcbell} without firehose
[10:43] {nemo} ?
[10:43] {thomcbell} liquidity firehose -
[10:43] {thomcbell} i was referring to the qcom
[10:44] {nemo} at pivots
[10:44] {nemo} getting divergences
[10:45] {nemo} look for potential bounce to vwap
[10:45] {nemo} this is weekly s1 support on spy
[10:47] {cipher} tna l .92
[10:50] {cipher} out .18 +.26
[10:55] {dino} gj
[10:57] {nemo} see we got the bounce after my computer freeze..vwap might still be target for IWM, SPY a bit far awway
[11:00] {dino} zoll
[11:01] {dino} sm s .70
[11:02] {dino} cov -.30
[11:04] {dino} sm s .33
[11:05] {RonS} pulp plus...
[11:06] {dino} cov .00, +1.30
[11:06] {Threei} wtg
[11:06] {RonS} gj...diaper change time?
[11:06] {dino} ty
[11:07] {dino} bit of pulp
[11:07] {RonS} w/ spreads hitting .30-.50 ya think
[11:08] {dino} sm s .75
[11:09] {dino} cov .20, +.55
[11:10] {thomcbell} slw about to have its moment of truth
[11:10] {Threei} I am l,ooking at it for the last 10 min, trying to get an idea
[11:11] {Threei} and each time I decide I do, it does opposite
[11:12] {dino} zoll sm s .10
[11:13] {dino} cov .33 -.23
[11:15] {dino} itmn drop
[11:16] {Threei} ok
[11:16] {Threei} Short Setup: SLW .60 break
[11:16] {RonS} $ITMN -- report that a German science board that contracts w/ gov't raises doubt about pirfenidone benefit
[11:16] {dino} ty
[11:17] {Threei} invalidated
[11:18] {dino} .01 trig imo
[11:20] {dino} out itmn .43, +.42
[11:21] {cipher} nice
[11:21] {dino} too soon
[11:21] {cipher} I chickened out fo a few pennies
[11:21] {Threei} SLW is valid again
[11:21] {RonS} itmn got in .11 want .80
[11:23] {dino} zoll sm s .00
[11:24] {dino} gj itmn ron
[11:25] {RonS} out .57 chickened out +.46
[11:26] {Threei} 1:1
[11:26] {Threei} cipher... that counts as another win I owed, right?
[11:26] {cipher} deal
[11:27] {Threei} cool
[11:27] {Threei} 6/6
[11:27] {cipher} to bad i missed it :(
[11:27] {Threei} and if anyone paid any attention to me, it would be 7
[11:27] {cipher} was pre occupied with itmn
[11:27] {Threei} well... this time nice colors were there
[11:27] {Threei} and triggered slowly
[11:27] {RonS} nuts itmn
[11:29] {dino} yeah
[11:29] {Threei} that's what putin said of mccain, ron
[11:29] {RonS} if i was not ctying i would be laughing...
[11:29] {Threei} hehe
[11:30] {Threei} finally I made a joke that made ron laugh
[11:30] {RonS} happens regularly actually
[11:31] {RonS} ...every time you insult nemo...
[11:31] {Threei} ok... finally I made a joke that made ron admit he laughed
[11:31] {Threei} oh btw!
[11:31] {Threei} nemo
[11:31] {Threei} guess what book I bought,
[11:31] {Threei} and intend to present to you once I see you
[11:31] {dino} rememberthe 3 d's ron
[11:31] {RonS} ?
[11:32] {dino} deny deny deny laughing at vads jokes
[11:32] {RonS} rotflol
[11:32] {Threei} too late, I know now he is closet fan
[11:32] {Threei} come on nemo, wake up
[11:33] {Threei} ok, he will read it when he sobers up... or drinks more
[11:33] {Threei} Giant Book of Insults
[11:33] {Threei} saw it and immediately thought it was the best present
[11:34] {Threei} read a few pages, and it didn't disappoint
[11:36] {RonS} just looked zoll intra...it needs their product!!!
[11:37] {dino} surprised 60 holds
[11:38] {dino} cov -.30
[11:38] {dino} taking break
[11:39] {RonS} so, if you wear one of these things is it required you paste sign on forehead: heart attack waiting to happen?
[11:40] {RonS} ...or: warning...i have some shocking news in my pocket?
[11:40] {Threei} lol
[11:48] {RonS} fcx l .40 break?
[11:48] {Threei} chart is right
[11:48] {Threei} SPY look is not very favorable
[11:51] {Threei} yeah, ruined
[11:55] {RonS} qotd: Has anyone ever performed knee surgery using only $WBMD and a scalpel? Asking for a friend.
[11:56] {Threei} rofl
[12:01] {RonS} rimm options suggest a 20% move on earnings this pm
[12:01] {RonS} $2.60
[12:02] {RonS} sheesh...error...$1.77
[12:08] {JK13} wow LVS
[12:15] {Threei} we have quadrule witching tomorrow?
[12:15] {Threei} or someone mixed up dates?
[12:16] {RonS} heard triple but triple or quad what is difference besides 1?
[12:16] {Threei} really
[12:16] {Threei} just sounds scarier
[12:40] {RonS} classic: I'm cheating on the Euro Crisis with the younger, hotter China Crisis.
[12:40] {Threei} rofl
[12:40] {Threei} this is really good one
[12:42] {Threei} *(GR) Troika inspectors to return to Greece for more consultations the week of Jan 15-20
[12:44] {Threei} (US) S&P issues outlook on US banking sector; outlook is dim
[12:49] {RonS} lol...But with the new China crash it's hot and heavy. Sometimes we don't even leave the house days...Europe be leaving messages and sh*t
[13:02] {Threei} (EU) EMU members now said to be looking to scale back some prior ambitions regarding fiscal union - FT
[13:02] {Threei} - Members now seeking to narrow scope of agreement to help passage through Parliaments; agreement would now only call for two provisions: A Debt Brake and making sanctions more automatic
[13:02] {Threei} - Bilateral agreements could go further
[13:02] {Threei} - Formal negotiations regarding the treaty will begin next week with final text by end of January; estimated signing in March
[13:02] {Threei} lol
[13:02] {Threei} those ambitions were said to be not enough to save things
[13:02] {Threei} now they scale them back
[13:04] {nemo} well that was fun...
[13:05] {dino} had a dream last night that germany dropped out of euro and went back to the dm
[13:05] {Threei} many call it a nightmare
[13:05] {RonS} kinky
[13:05] {nemo} did Merkel grow a little moustache and part her hair on the right side too
[13:05] {Threei} lol
[13:20] {dino} athn
[13:22] {dino} sm l .85
[13:22] {RonS} $ATHN Sees Gross Margin Down Next Year vs This Year; Spiking Lower on Heavy Volume
[13:23] {dino} thx
[13:24] {dino} out .62 -.23
[13:27] {dino} sm l .83
[13:29] {dino} out .52, +.69
[13:29] {cipher} wtg
[13:30] {dino} ty
[13:31] {cipher} athn s .73
[13:31] {cipher} covered .40 +.33
[13:31] {RonS} ltm sm s .28
[13:33] {dino} gj
[13:33] {cipher} thx
[13:34] {RonS} cvx prosecutors want permanent ban in brazil
[13:37] {cipher} ATHN L .23
[13:39] {cipher} stopped .-35
[13:39] {dino} going for 50 strike?
[13:39] {dino} bam!
[13:39] {dino} too fast for entry
[13:39] {nemo} athn just bounced off 200 sma
[13:42] {dino} smr l .56
[13:43] {dino} out .06, +.50
[13:43] {dino} wow way soon
[13:44] {cipher} +.50
[13:44] {cipher} wow
[13:44] {dino} gj
[13:44] {Threei} gj guys
[13:44] {cipher} scary
[13:44] {dino} went to 300
[13:44] {dino} shares
[13:45] {cipher} got 150
[13:45] {Threei} if I understand right, market spike is caused by this BSD:
[13:45] {Threei} (EU) Ireland Fin Min Noonan: Expects the EU to confirm �200B for IMF funds soon
[13:45] {dino} first two times were 400, but after that death drop
[13:45] {Threei} I'd expect it to be sold
[13:51] {cipher} in 47.81
[13:52] {cipher} out +.19
[13:52] {cipher} no guts to hold
[13:52] {dino} want 46.76
[13:52] {dino} cojones
[13:52] {cipher} coming soon
[13:53] {dino} hmmm, sometimes i expect too much
[13:54] {dino} db?
[13:54] {dino} nope
[13:56] {dino} in smr
[13:56] {dino} .76
[13:58] {dino} out .31, +.55
[13:59] {cipher} gj
[13:59] {dino} ty
[13:59] {dino} wicked
[14:00] {RonS} strange vix spike down
[14:00] {dino} 43.25 next supp
[14:01] {RonS} hmmm...wil athn get a halt?
[14:03] {Threei} my newsfeed is down
[14:05] {dino} athn w3hy even announce anything
[14:07] {dino} damn was waiting .26
[14:10] {dino} .25 l
[14:11] {dino} stop -.30
[14:12] {dino} smr l .00
[14:13] {dino} out .42
[14:15] {dino} smr l .50
[14:15] {dino} stop -.30
[14:15] {Threei} news is back
[14:15] {Threei} anyone need an ything?
[14:16] {swill} good news its back
[14:16] {Threei} no, I never said GOOD news is back... just news :)
[14:17] {swill} lol
[14:17] {Threei} at this rate ATHN will hit zero before this day is over
[14:17] {Threei} nemo... you here?
[14:18] {dino} smr l .53
[14:18] {dino} out .70, +1.17
[14:19] {dino} and on that note, calling it a day.
[14:19] {dino} thx all, errands to run
[14:19] {nemo} no, why
[14:19] {Threei} not a bad day I'd say
[14:19] {dino} ;)
[14:19] {Threei} and not a bad note to call a day on
[14:20] {Threei} nemo... have you seen my post about the book I bought for you?
[14:20] {nemo} no
[14:20] {Threei} [11:31] {Threei} nemo
[14:20] {Threei} [11:31] {Threei} guess what book I bought,
[14:20] {Threei} [11:31] {Threei} and intend to present to you once I see you
[14:21] {Threei} 11:33] {Threei} Giant Book of Insults
[14:21] {Threei} [11:33] {Threei} saw it and immediately thought it was the best present
[14:21] {Threei} [11:34] {Threei} read a few pages, and it didn't disappoint
[14:21] {nemo} I was a contributing author
[14:21] {Threei} ah,. OK... I'll keep it then
[14:22] {JK13} Vad, do you think lvs has created C& H in 1 min chart
[14:23] {Threei} with cup starting at the open?
[14:23] {Threei} handle is way too long for that...
[14:23] {JK13} yes
[14:23] {JK13} thx
[14:24] {Threei} when you get to that course, you'll see what lenght handle should be about... :)
[14:24] {nemo} hard to say here it's just above pivot and testing swing high
[14:25] {JK13} thx nemo
[14:26] {Threei} I'd rather look to fade it
[14:26] {Threei} especially if SPY drops
[14:27] {Threei} as in:
[14:27] {Threei} Short Setup: LVS 41 break
[14:27] {Threei} if stays under .10
[14:28] {nemo} pivot at .90
[14:29] {Threei} 1:1
[14:29] {Threei} 7/7
[14:29] {Threei} will you EVER let me go home??
[14:29] {nemo} o.k. we fade Harry Potter's calls
[14:30] {JK13} not yet, thx +14
[14:30] {Threei} :)
[14:30] {Threei} btw, course has a few examples of fading C&H
[14:30] {RonS} diapers pls...athn 42.60 ave to 44.80 +2.20
[14:30] {RonS} and pass the zoll
[14:30] {Threei} didn't realize we did it quite a few times
[14:30] {JK13} gj Ron
[14:30] {Threei} lol ron
[14:38] {RonS} lol...RIMM reports tonight. If it drops any lower it will no longer be in Canada
[14:38] {Threei} lol
[14:38] {Threei} and since AAPL will never let it land in US, it goes right throgh, to Mexico
[14:44] {RonS} out ltm .35 -.07
[14:48] {Threei} LVS 1:2
[14:51] {RonS} arghhh...athn went another 2.00
[14:52] {Threei} lol... come on, no diapers in the world could keep you in it for this long
[14:53] {RonS} so true
[15:16] {Threei} ugh... dino left without getting this nugget of wisdom form high above with exceptional value added:
[15:16] {Threei} (US) Fed's Lockhart: Unsustainable deficits for US will be painful
[15:16] {Threei} duh!
[15:17] {Threei} (FR) France PM Fillon: France is determined to reduce deficit and boost GDP; will never give up the euro
[15:17] {Threei} ummm
[15:18] {Threei} Euro vs US Dollar FX Concept's John Taylor: Parity in EUR/USD is a possibility, expects EUR to continue to fall
[15:19] {JK13} Would be easy to travel to europe if that is the case
[15:19] {Threei} yeah...
[15:19] {Threei} don't use color please
[15:21] {Threei} it's associated with calls... you may make someone impulsively short something
[15:21] {JK13} ok
[15:22] {RonS} thanks 3i almost shorted travel to europe...
[15:22] {Threei} hehe
[15:22] {JK13} :)
[15:22] {Threei} btw that would be true for americans mostly
[15:23] {Threei} canadioan dollar seems to be dropping merrily with euro
[15:26] {JK13} but it is not bad for people that work with us funds
[15:26] {Threei} not bad? it's extatic
[15:26] {Threei} or how you spell that
[15:27] {Threei} if it were in my power, CDN would be back to its 1998 levels
[15:27] {Threei} this parity stuff is killing me
[15:28] {JK13} that's right and good for manufacturing
[15:30] {swill} i believe cand dollar will come off further
[15:30] {Threei} I pray you are right
[15:30] {JK13} 2012 prayer
[15:31] {swill} commodity storey weakening
[15:37] {Threei} Short Setup: FCX .70 break
[15:37] {Threei} if stays under .80
[15:38] {Threei} correct to .75 break
[15:38] {Threei} with stop .85
[15:41] {Threei} invalidated
[15:41] {Threei} not sure about another recalibration to .80
[15:44] {swill} shuks
[15:50] {Threei} CME directors suing Corzine over missing MF Global funds
[15:51] {Threei} somewhat strange entity to sue
[15:51] {Threei} but whatever
[15:51] {Threei} sue him to high heaven
[15:51] {Threei} no love lost
[15:53] {Threei} RIM earnings after close
[15:53] {Threei} won't be pretty I guess
[15:53] {nemo} short
[15:54] {Threei} I'll stick arounf for a few min afer close
[15:54] {Threei} want to look at it
[15:58] {Threei} volume is ridiculous today
[15:59] {Threei} very unconvincing green day, finishing near the low
[15:59] {Threei} if anything, litle tech bounce in downtrend
[16:00] {RonS} copper was just horrible today
[16:00] {Threei} look at gold
[16:01] {Threei} come on RIMM{ suspense is killing us
[16:06] {Threei} ADBE decent report
[16:07] {Threei} RIMM is probably trying to tarnsmit the earnings over blackberry netweork, so it's delayed
Wednesday, December 14, 2011
Nemo's Midweek Findings
ATTENTION: New course is available now: http://www.realitytrader.com/111trades.html
Here's a YouTube review for midweek: http://www.youtube.com/watch?v=N_yh2Lz3KnU
Sorry about bunny holding things up for a moment...She's staring at me as I type this...weird....I feel like Donnie Darko.
Here's a YouTube review for midweek: http://www.youtube.com/watch?v=N_yh2Lz3KnU
Sorry about bunny holding things up for a moment...She's staring at me as I type this...weird....I feel like Donnie Darko.
Dec 14 2011
ATTENTION: New course is available now: http://www.realitytrader.com/111trades.html
7 calls, 6 wins. What is about downtrending markets that makes them so easy to trade...
Session Time: Wed Dec 14 00:00:00 2011
01[09:00] {Threei} (GE) Germany Chancellor Merkel: Europe has embarked on an irreversible process to create fiscal union; the importance of last week's summit results cannot be overstated - statement
01[09:00] {Threei} - Next steps on fiscal union to be drafted by March 2012 and then go to parliaments.
01[09:00] {Threei} - It is in the UK's interest to help Europe overcome the euro crisis.
01[09:00] {Threei} - Europe must generate sustainable economic growth
01[09:00] {Threei} - Reiterates that Euro Bonds will not resolve the current crisis
[09:06] {JK13} good morning everyone
01[09:06] {Threei} morning jk
01[09:08] {Threei} spot gold tests its 200-day moving average
01[09:09] {Threei} (EU) EU's Juncker: All the funds for the euro zone's ESM mechanism need to be contributed in 2012
01[09:09] {Threei} - Not all euro zone member states agree on this point
01[09:20] {Threei} so far things deve,lop by the same scenario... uncertain pre-market, selling begins at first opportunity
01[09:24] {Threei} certainly targeting short trades
[09:24] {jakob} good morning
01[09:25] {Threei} jakob :)
01[09:25] {Threei} hah!
01[09:25] {Threei} nemo thinks he knows something about peyote
01[09:25] {Threei} this shows he has nothing on these two guys:
01[09:25] {Threei} (GE) Germany Fin Min Schaeuble: Reiterates view that Euro is a stable currency and not in crisis-
01[09:25] {Threei} ECB's Weidmann says EUR is more stable than Deutsche Mark was
01[09:25] {Threei} now, THAT'S delusion!
01[09:26] {Threei} FCX just couldn't wait for the opening, could it...
01[09:30] {Threei} prepare half lot on FCX, waiting out a min or two of opening vlatility
01[09:31] {Threei} SLW too
01[09:31] {Threei} Short Setup: FCX .30 break
01[09:31] {Threei} ugh, late
01[09:32] {Threei} teleported
01[09:32] {Threei} watch for second chance
01[09:32] {Threei} let it go over .30
01[09:32] {Threei} then let's see if we get same setup
01[09:34] {Threei} if can't then .25 break short
01[09:34] {Threei} with stop above .35
01[09:34] {Threei} in
01[09:35] {Threei} target 1:3
01[09:35] {Threei} 1:1
01[09:36] {Threei} stop to .31
01[09:36] {Threei} giving it a little more breathing room than usual
01[09:36] {Threei} stop to .26 now
[09:37] {dino} cov fcx .14, +.16 ty vad
01[09:37] {Threei} :)
01[09:38] {Threei} was 1 cent from 1:2, I guess I oversat it a little
01[09:40] {Threei} watching HD
01[09:40] {Threei} wjhat's with bout of enthusiasm?
[09:41] {JK13} divident for funds ?
01[09:41] {Threei} Short Setup: HD .30 break
01[09:41] {Threei} stop above .40
01[09:44] {Threei} HD, not sure about target but should be able to do more than scalp
01[09:44] {Threei} look at daily
01[09:44] {Threei} nothing but air under it
01[09:46] {Threei} Short Setup: RIMM .30 break
01[09:47] {Threei} stop for day traders above .40
01[09:47] {Threei} scalpers .35
01[09:47] {Threei} HD 1:1
01[09:47] {Threei} first partial out, trail stop
01[09:47] {Threei} RIMM 1:1
01[09:48] {Threei} bout of enthusiasm morphed into paroxysm of desperation
01[09:48] {Threei} that's your neurotic market of late
01[09:48] {Threei} be thankful ytou have a neurotic trader making calls for you {G}
[09:49] {dino} cov hd .16, +.13
01[09:49] {Threei} :)
01[09:50] {Threei} HD 1:2
01[09:50] {Threei} second partial, stop to .26
01[09:50] {Threei} to .21 now
[09:50] {dino} cov rimm .24, +.05
[09:50] {dino} ty vadster
01[09:51] {Threei} not fooling around,are you
01[09:51] {Threei} very welcome
[09:51] {swill} cov rimm .23 +.14 ty
01[09:51] {Threei} wtg
01[09:52] {Threei} and if you are curious to know how all these plays are structured, the coupon for your new shining course is coming right after market calms down
[09:53] {swill} oh boy
01[09:53] {Threei} yup, running ahead of schedule
01[09:53] {Threei} how many could say that these days
01[09:55] {Threei} say, do you see the irony in this:
01[09:55] {Threei} (CH) US Treasury's Brainard: If China wants to keep its economy expanding, it must reorient its growth model
[09:57] {RonS} hummm...the chinese must reorient...
01[09:57] {Threei} oh... there is more than one level of irony
01[09:57] {Threei} thatnks for pointing it out :)
[09:58] {RonS} must mean move to russia
[09:59] {RonS} qotd: The only commodity in a bull market this year was False Breakouts
01[09:59] {Threei} lol
01[10:00] {Threei} Short Setup: FCX 37 break
01[10:00] {Threei} stop is so obvious, I won't insult your intelligence
01[10:01] {Threei} 1:1
01[10:01] {Threei} well, if nemo were here, I would... just out of sheer love to the art of insults
01[10:02] {Threei} play by the book
01[10:02] {Threei} if partialing, trail to .01
01[10:02] {Threei} if scalping, you need my guidance like you need a third nostril
[10:02] {dino} cov fcx .85, +.14 ty
01[10:02] {Threei} welcome sir
01[10:02] {Threei} that's 4 for 4?
[10:03] {dino} gj
01[10:03] {Threei} I have my moments...
01[10:03] {Threei} they are fewer and farther between as senility strikes but...
01[10:05] {Threei} ah, here we go, plot thickens:
01[10:05] {Threei} (EU) Outgoing member ECB's Stark: Euro zone needs its own finance ministry
01[10:05] {Threei} they couldn't get that EU constitution through, so now theyh are using crisis to get the same thing through the backdoor
01[10:05] {Threei} what was this rahm's saying... never waste a good crisis?
01[10:06] {Threei} HD
01[10:06] {Threei} maybe worth another short...
01[10:06] {Threei} not sure, watching
01[10:07] {Threei} rofl
01[10:07] {Threei} Santa Claus rally replaced with the Grinch Groan
01[10:08] {Threei} ok, if you feel panic coming (and I do)
01[10:08] {Threei} Short Setup: HD 39 break
01[10:08] {Threei} if stays under .10
01[10:08] {Threei} if you have nice profits from this morning's trading (and you should), do a half lot
01[10:08] {Threei} to protect them, da profits
01[10:09] {Threei} FCX baby
01[10:09] {Threei} 1:2
06[10:09] * Threei sings "fiiish in the barrel" to the tune of the "smoke on water"
01[10:10] {Threei} FCX 1:3, out
01[10:10] {Threei} wow, got .65 fill
[10:10] {dino} nice
01[10:10] {Threei} HD 1:1
[10:11] {dino} cov hd .89, +.10 ty
01[10:11] {Threei} :)
01[10:11] {Threei} {HD} second short in 40 min? that's harrassment. I'll sue
[10:13] {dino} sprd sm l .00
01[10:19] {Threei} look at fist market spike right out of the gate, 9:30 - 9:40
01[10:19] {Threei} just how disappointed those who trusted it remain
01[10:20] {Threei} it was against our general market read, so we waited it out, nailed the end of it, unleashed our shorts, and got rewarded with 5 straight wins
01[10:20] {Threei} clear illustration to " go with your read, but wait for yor setups"
01[10:21] {Threei} OK guys
01[10:21] {Threei} room members, your 50% discount coupon for the new course:
01[10:22] {Threei} (edited out)
01[10:22] {Threei} BVO members, your 30% discount coupon:
01[10:22] {Threei} (edited out)
01[10:22] {Threei} both are valid till Dec 31
[10:22] {cipher} what's BVO?
01[10:22] {Threei} best value offer
[10:22] {cipher} ok
01[10:23] {Threei} one under which 2 months free room bonus is granted
[10:23] {dino} out sprd .35, +.35
[10:23] {cipher} wtg
01[10:23] {Threei} nice one dino
[10:23] {dino} ty
[10:23] {JK13} thx Dino sprd +.15
[10:23] {dino} gj
[10:23] {dino} eyes on gpor, csh, chk
[10:24] {RonS} in sprd at .10...target .85
01[10:24] {Threei} course page is the same, http://www.realitytrader.com/111trades.html
01[10:24] {Threei} it's just that "coming soon" is no longer there
01[10:24] {Threei} and link to Order is now active
[10:25] {dino} gpor sm l .42
[10:26] {swill} thanks for coupon. I'll order today
01[10:27] {Threei} sure thing, delivered as promised
[10:28] {dino} ron, gj sprd
[10:28] {dino} csh sm l .56 ave
[10:29] {RonS} out sprd .85 +.75 thanks dino
01[10:29] {Threei} nice job guys
[10:29] {dino} ;)
01[10:30] {Threei} *(US) DOE CRUDE: -1.9MM V -2ME; GASOLINE: +3.8M V +1.5ME; DISTILLATE: +480K V +1ME; UTILIZATION: 85.1% V 87.6%E
[10:35] {RonS} uh, so what's that mean?
[10:35] {RonS} hehe
01[10:35] {Threei} don't even :)
[10:39] {swill} back in 90.
[10:48] {dino} wow fslr
[10:48] {dino} 180 to 30
01[10:50] {Threei} hmm
01[10:50] {Threei} (FR) France Foreign Min Juppe: The loss of AAA rating would not be cataclysmic; believes that ratings agencies can be "subjective and political" - French press
01[10:50] {Threei} Earlier this morning Bundesbank President Weidmann said that the loss of 'AAA' rating is not the end of the world.
01[10:50] {Threei} cam you tell they see it coming?
[10:51] {dino} indeed
[10:51] {dino} everybodyv already knows they are not aaa
01[10:55] {Threei} curious thing to me is:
01[10:55] {Threei} everyone knows it's comiong, deep in their soul,
01[10:56] {Threei} and normally, this kind of things would have caused selling in advance
01[10:56] {Threei} so that when actual event comes, market reacts in opposite way, trapping those who came late to the party
01[10:56] {Threei} This time ariound however, market stays in denial
[10:56] {dino} gpor stop -.28
01[10:57] {Threei} and when it happens, it will actualy tank
01[10:57] {Threei} I don't know why... my best guess is:
01[10:58] {Threei} market is so overwhelmed by bad news and unimaginable scale of a disaster projected, it just gets nube to it
01[10:58] {Threei} numb
01[10:58] {Threei} so any hint of good news causes husterical buying
01[10:58] {Threei} hysterical
01[10:58] {Threei} then depression returns and steady selling resumes
01[10:59] {Threei} that's your bi-polar neurotic market that we have last few weeks/months
01[10:59] {Threei} not bad for trading... murderous for investors
[10:59] {dino} fwiw s/p is -11%+ fron '11 highs
[11:00] {RonS} gpor sm l .05
[11:01] {dino} sprd sm l .87
01[11:08] {Threei} argh
01[11:08] {Threei} intended to watch SLW for 29 breakdown earlier
01[11:08] {Threei} gor distracted
01[11:09] {Threei} see inverted C&H breakdown?
[11:09] {RonS} out gpor -.05
[11:15] {dino} out sprd .30, +.43
01[11:21] {Threei} probably bounce time for the market
[11:24] {dino} gpor sm l .85
01[11:28] {Threei} Long Setup: TNA .40 break half lot
01[11:28] {Threei} stop under .30
01[11:28] {Threei} target .70
01[11:30] {Threei} no go
01[11:32] {Threei} news-driven selling
01[11:32] {Threei} CS Portion of a Credit Suisse building in Manhattan has been evacuated by Police due to a suspicious package
[11:33] {dino} fruit cake
[11:42] {dino} stx l .06
[11:42] {RonS} fio sm l .40
01[11:43] {Threei} Euro below 1.30...
[11:43] {dino} most of the morning
01[11:44] {Threei} I just noticed :)
[11:54] {dino} out stx .19, +.13
[11:55] {dino} fwiw gaps below 11556, 2211, 1195
[11:56] {RonS} lol...Good News! American Airlines emerging from Chapter 11 as a "social media airline", valuation $64 billion. They're calling it Fly-
[11:57] {RonS} missed a letter...should read Fly-R
01[11:57] {Threei} heh
01[11:58] {Threei} out of all crazes, one I can't wait to pass is a social media craze
[12:08] {swill} purchased new coarse. will have as comba protection today
[12:09] {dino} fio sm l .14
[12:13] {dino} sm l gld .05
01[12:13] {Threei} thanks swill, hope you'll enjoy it
01[12:13] {Threei} let me know if access is OK
[12:14] {swill} so far, good
01[12:14] {Threei} cool
[12:15] {swill} indeed
01[12:15] {Threei} haven't found any glitches during testing, but still
[12:15] {dino} dcc 3i
[12:22] {dino} gld stop -.25
[12:24] {JK13} .
[12:28] {dino} rinsed
[12:30] {JK13} 3i what do you think on tna long
[12:31] {dino} 07 green
01[12:31] {Threei} toughie...
01[12:31] {Threei} tempting but iffy
[12:48] {dino} out fio .72, +.58 ty ron
01[12:50] {Threei} wtg
[12:50] {RonS} out fio .80 +.40
[12:51] {RonS} yw dino glad you are back
[12:58] {RonS} what the heck...xlf, bkx green
01[13:10] {Threei} (UK) Financial regulator FSA is said to have asked UK banks to submit plans in regards to their preparation for a potential breakup of the euro zone - financial press- FSA is said to be planning to meet with banks to discuss their contingency plans for any potential euro zone breakup.
[13:21] {dino} out gpor .60, +.75
[13:23] {RonS} gj
[13:23] {dino} ty
[13:27] {RonS} mc time on a lot of dailies
[13:28] {RonS} hammer time
[13:34] {RonS} wow...lol... http://tinyurl.com/cq7fc9v
[13:37] {patience} good morning :)
01[13:38] {Threei} morning patience
[13:39] {RonS} dino, could gmcr go for a gap fill this pm?
[13:41] {dino} be a heck of a move
01[13:49] {Threei} EUR/USD PIMCO Global portfolio management Chief Mather: EUR/USD parity is not out of the question; US dollar is best trade for the next 3 to 6 months
01[13:49] {Threei} so dino... you remarked earlier on how much FSLR is donw, remember?
01[13:50] {Threei} now, have a look at this:
01[13:50] {Threei} First Solar Inc. Hearing Stifel downgrades to Hold from buy
01[13:50] {Threei} can you say value added?
[13:51] {dino} lol
[13:55] {RonS} $CVX Spiking Lower; Brazil Prosecutors Seek 20B Reais from Chevron in Damages; Asked to Suspend All Activity in Brazil by Prosecutors
[14:12] {RonS} rig hit on this too
[14:24] {dino} hitk sm l .23 ave
01[14:27] {Threei} Short Setup: UIS .45 break
01[14:27] {Threei} if stays under .55
[14:29] {dino} gmcr came back 2
[14:44] {JK13} .
01[14:44] {Threei} good point
[14:45] {JK13} ;)
01[14:46] {Threei} (US) Senator Demint (R-SC): Believes the Fed will not provide funding to the IMF
01[14:46] {Threei} Fed: wanna bet?
01[14:47] {Threei} UIS touched 1 cent from 1;1
01[14:47] {Threei} let's trail stop to .51 if still in
01[14:53] {Threei} 1:1 baby
01[14:53] {Threei} patient ones, start covering
01[14:53] {Threei} scalpers get out
01[15:13] {Threei} no news for this market spike
01[15:18] {Threei} 1:2 UIS
01[15:18] {Threei} my a$$ is out
[15:21] {patience} china said today it guarantees growth amid global slowdown....news story being picked up, no idea if it is a legitimate story
01[15:22] {Threei} guarantees, eh
01[15:22] {Threei} "those are our numbers, we can make them whatever we want"
[15:26] {dino} they were saying yesterday 8% growth for at least 10 years
01[15:27] {Threei} BS
01[15:28] {Threei} as far as I am concerned
01[15:38] {Threei} lol
01[15:38] {Threei} Dear God,
01[15:38] {Threei} My prayer for 2012 is for
01[15:38] {Threei} A fat bank account & a thin body.
01[15:38] {Threei} Please don't mix these up like you did last year.
01[15:38] {Threei} AMEN!
[15:41] {swill} amen
[15:42] {patience} this must be a guy's prayer
01[15:46] {Threei} what do you know
01[15:46] {Threei} UIS made it to 1:3
01[15:46] {Threei} without me, but still
[15:47] {dino} out hitk ave .57, +.34
01[15:47] {Threei} nice finish
[15:47] {dino} ty took about an hour
[15:53] {dino} wab spiuke
[15:53] {dino} spike too
[15:53] {dino} wtf 69s now 64
01[15:54] {Threei} no news yet
01[16:00] {Threei} OK guys, thank you all
01[16:00] {Threei} have a good evenbing
01[16:00] {Threei} see you tomorrow
[16:01] {dino} gn
7 calls, 6 wins. What is about downtrending markets that makes them so easy to trade...
Session Time: Wed Dec 14 00:00:00 2011
01[09:00] {Threei} (GE) Germany Chancellor Merkel: Europe has embarked on an irreversible process to create fiscal union; the importance of last week's summit results cannot be overstated - statement
01[09:00] {Threei} - Next steps on fiscal union to be drafted by March 2012 and then go to parliaments.
01[09:00] {Threei} - It is in the UK's interest to help Europe overcome the euro crisis.
01[09:00] {Threei} - Europe must generate sustainable economic growth
01[09:00] {Threei} - Reiterates that Euro Bonds will not resolve the current crisis
[09:06] {JK13} good morning everyone
01[09:06] {Threei} morning jk
01[09:08] {Threei} spot gold tests its 200-day moving average
01[09:09] {Threei} (EU) EU's Juncker: All the funds for the euro zone's ESM mechanism need to be contributed in 2012
01[09:09] {Threei} - Not all euro zone member states agree on this point
01[09:20] {Threei} so far things deve,lop by the same scenario... uncertain pre-market, selling begins at first opportunity
01[09:24] {Threei} certainly targeting short trades
[09:24] {jakob} good morning
01[09:25] {Threei} jakob :)
01[09:25] {Threei} hah!
01[09:25] {Threei} nemo thinks he knows something about peyote
01[09:25] {Threei} this shows he has nothing on these two guys:
01[09:25] {Threei} (GE) Germany Fin Min Schaeuble: Reiterates view that Euro is a stable currency and not in crisis-
01[09:25] {Threei} ECB's Weidmann says EUR is more stable than Deutsche Mark was
01[09:25] {Threei} now, THAT'S delusion!
01[09:26] {Threei} FCX just couldn't wait for the opening, could it...
01[09:30] {Threei} prepare half lot on FCX, waiting out a min or two of opening vlatility
01[09:31] {Threei} SLW too
01[09:31] {Threei} Short Setup: FCX .30 break
01[09:31] {Threei} ugh, late
01[09:32] {Threei} teleported
01[09:32] {Threei} watch for second chance
01[09:32] {Threei} let it go over .30
01[09:32] {Threei} then let's see if we get same setup
01[09:34] {Threei} if can't then .25 break short
01[09:34] {Threei} with stop above .35
01[09:34] {Threei} in
01[09:35] {Threei} target 1:3
01[09:35] {Threei} 1:1
01[09:36] {Threei} stop to .31
01[09:36] {Threei} giving it a little more breathing room than usual
01[09:36] {Threei} stop to .26 now
[09:37] {dino} cov fcx .14, +.16 ty vad
01[09:37] {Threei} :)
01[09:38] {Threei} was 1 cent from 1:2, I guess I oversat it a little
01[09:40] {Threei} watching HD
01[09:40] {Threei} wjhat's with bout of enthusiasm?
[09:41] {JK13} divident for funds ?
01[09:41] {Threei} Short Setup: HD .30 break
01[09:41] {Threei} stop above .40
01[09:44] {Threei} HD, not sure about target but should be able to do more than scalp
01[09:44] {Threei} look at daily
01[09:44] {Threei} nothing but air under it
01[09:46] {Threei} Short Setup: RIMM .30 break
01[09:47] {Threei} stop for day traders above .40
01[09:47] {Threei} scalpers .35
01[09:47] {Threei} HD 1:1
01[09:47] {Threei} first partial out, trail stop
01[09:47] {Threei} RIMM 1:1
01[09:48] {Threei} bout of enthusiasm morphed into paroxysm of desperation
01[09:48] {Threei} that's your neurotic market of late
01[09:48] {Threei} be thankful ytou have a neurotic trader making calls for you {G}
[09:49] {dino} cov hd .16, +.13
01[09:49] {Threei} :)
01[09:50] {Threei} HD 1:2
01[09:50] {Threei} second partial, stop to .26
01[09:50] {Threei} to .21 now
[09:50] {dino} cov rimm .24, +.05
[09:50] {dino} ty vadster
01[09:51] {Threei} not fooling around,are you
01[09:51] {Threei} very welcome
[09:51] {swill} cov rimm .23 +.14 ty
01[09:51] {Threei} wtg
01[09:52] {Threei} and if you are curious to know how all these plays are structured, the coupon for your new shining course is coming right after market calms down
[09:53] {swill} oh boy
01[09:53] {Threei} yup, running ahead of schedule
01[09:53] {Threei} how many could say that these days
01[09:55] {Threei} say, do you see the irony in this:
01[09:55] {Threei} (CH) US Treasury's Brainard: If China wants to keep its economy expanding, it must reorient its growth model
[09:57] {RonS} hummm...the chinese must reorient...
01[09:57] {Threei} oh... there is more than one level of irony
01[09:57] {Threei} thatnks for pointing it out :)
[09:58] {RonS} must mean move to russia
[09:59] {RonS} qotd: The only commodity in a bull market this year was False Breakouts
01[09:59] {Threei} lol
01[10:00] {Threei} Short Setup: FCX 37 break
01[10:00] {Threei} stop is so obvious, I won't insult your intelligence
01[10:01] {Threei} 1:1
01[10:01] {Threei} well, if nemo were here, I would... just out of sheer love to the art of insults
01[10:02] {Threei} play by the book
01[10:02] {Threei} if partialing, trail to .01
01[10:02] {Threei} if scalping, you need my guidance like you need a third nostril
[10:02] {dino} cov fcx .85, +.14 ty
01[10:02] {Threei} welcome sir
01[10:02] {Threei} that's 4 for 4?
[10:03] {dino} gj
01[10:03] {Threei} I have my moments...
01[10:03] {Threei} they are fewer and farther between as senility strikes but...
01[10:05] {Threei} ah, here we go, plot thickens:
01[10:05] {Threei} (EU) Outgoing member ECB's Stark: Euro zone needs its own finance ministry
01[10:05] {Threei} they couldn't get that EU constitution through, so now theyh are using crisis to get the same thing through the backdoor
01[10:05] {Threei} what was this rahm's saying... never waste a good crisis?
01[10:06] {Threei} HD
01[10:06] {Threei} maybe worth another short...
01[10:06] {Threei} not sure, watching
01[10:07] {Threei} rofl
01[10:07] {Threei} Santa Claus rally replaced with the Grinch Groan
01[10:08] {Threei} ok, if you feel panic coming (and I do)
01[10:08] {Threei} Short Setup: HD 39 break
01[10:08] {Threei} if stays under .10
01[10:08] {Threei} if you have nice profits from this morning's trading (and you should), do a half lot
01[10:08] {Threei} to protect them, da profits
01[10:09] {Threei} FCX baby
01[10:09] {Threei} 1:2
06[10:09] * Threei sings "fiiish in the barrel" to the tune of the "smoke on water"
01[10:10] {Threei} FCX 1:3, out
01[10:10] {Threei} wow, got .65 fill
[10:10] {dino} nice
01[10:10] {Threei} HD 1:1
[10:11] {dino} cov hd .89, +.10 ty
01[10:11] {Threei} :)
01[10:11] {Threei} {HD} second short in 40 min? that's harrassment. I'll sue
[10:13] {dino} sprd sm l .00
01[10:19] {Threei} look at fist market spike right out of the gate, 9:30 - 9:40
01[10:19] {Threei} just how disappointed those who trusted it remain
01[10:20] {Threei} it was against our general market read, so we waited it out, nailed the end of it, unleashed our shorts, and got rewarded with 5 straight wins
01[10:20] {Threei} clear illustration to " go with your read, but wait for yor setups"
01[10:21] {Threei} OK guys
01[10:21] {Threei} room members, your 50% discount coupon for the new course:
01[10:22] {Threei} (edited out)
01[10:22] {Threei} BVO members, your 30% discount coupon:
01[10:22] {Threei} (edited out)
01[10:22] {Threei} both are valid till Dec 31
[10:22] {cipher} what's BVO?
01[10:22] {Threei} best value offer
[10:22] {cipher} ok
01[10:23] {Threei} one under which 2 months free room bonus is granted
[10:23] {dino} out sprd .35, +.35
[10:23] {cipher} wtg
01[10:23] {Threei} nice one dino
[10:23] {dino} ty
[10:23] {JK13} thx Dino sprd +.15
[10:23] {dino} gj
[10:23] {dino} eyes on gpor, csh, chk
[10:24] {RonS} in sprd at .10...target .85
01[10:24] {Threei} course page is the same, http://www.realitytrader.com/111trades.html
01[10:24] {Threei} it's just that "coming soon" is no longer there
01[10:24] {Threei} and link to Order is now active
[10:25] {dino} gpor sm l .42
[10:26] {swill} thanks for coupon. I'll order today
01[10:27] {Threei} sure thing, delivered as promised
[10:28] {dino} ron, gj sprd
[10:28] {dino} csh sm l .56 ave
[10:29] {RonS} out sprd .85 +.75 thanks dino
01[10:29] {Threei} nice job guys
[10:29] {dino} ;)
01[10:30] {Threei} *(US) DOE CRUDE: -1.9MM V -2ME; GASOLINE: +3.8M V +1.5ME; DISTILLATE: +480K V +1ME; UTILIZATION: 85.1% V 87.6%E
[10:35] {RonS} uh, so what's that mean?
[10:35] {RonS} hehe
01[10:35] {Threei} don't even :)
[10:39] {swill} back in 90.
[10:48] {dino} wow fslr
[10:48] {dino} 180 to 30
01[10:50] {Threei} hmm
01[10:50] {Threei} (FR) France Foreign Min Juppe: The loss of AAA rating would not be cataclysmic; believes that ratings agencies can be "subjective and political" - French press
01[10:50] {Threei} Earlier this morning Bundesbank President Weidmann said that the loss of 'AAA' rating is not the end of the world.
01[10:50] {Threei} cam you tell they see it coming?
[10:51] {dino} indeed
[10:51] {dino} everybodyv already knows they are not aaa
01[10:55] {Threei} curious thing to me is:
01[10:55] {Threei} everyone knows it's comiong, deep in their soul,
01[10:56] {Threei} and normally, this kind of things would have caused selling in advance
01[10:56] {Threei} so that when actual event comes, market reacts in opposite way, trapping those who came late to the party
01[10:56] {Threei} This time ariound however, market stays in denial
[10:56] {dino} gpor stop -.28
01[10:57] {Threei} and when it happens, it will actualy tank
01[10:57] {Threei} I don't know why... my best guess is:
01[10:58] {Threei} market is so overwhelmed by bad news and unimaginable scale of a disaster projected, it just gets nube to it
01[10:58] {Threei} numb
01[10:58] {Threei} so any hint of good news causes husterical buying
01[10:58] {Threei} hysterical
01[10:58] {Threei} then depression returns and steady selling resumes
01[10:59] {Threei} that's your bi-polar neurotic market that we have last few weeks/months
01[10:59] {Threei} not bad for trading... murderous for investors
[10:59] {dino} fwiw s/p is -11%+ fron '11 highs
[11:00] {RonS} gpor sm l .05
[11:01] {dino} sprd sm l .87
01[11:08] {Threei} argh
01[11:08] {Threei} intended to watch SLW for 29 breakdown earlier
01[11:08] {Threei} gor distracted
01[11:09] {Threei} see inverted C&H breakdown?
[11:09] {RonS} out gpor -.05
[11:15] {dino} out sprd .30, +.43
01[11:21] {Threei} probably bounce time for the market
[11:24] {dino} gpor sm l .85
01[11:28] {Threei} Long Setup: TNA .40 break half lot
01[11:28] {Threei} stop under .30
01[11:28] {Threei} target .70
01[11:30] {Threei} no go
01[11:32] {Threei} news-driven selling
01[11:32] {Threei} CS Portion of a Credit Suisse building in Manhattan has been evacuated by Police due to a suspicious package
[11:33] {dino} fruit cake
[11:42] {dino} stx l .06
[11:42] {RonS} fio sm l .40
01[11:43] {Threei} Euro below 1.30...
[11:43] {dino} most of the morning
01[11:44] {Threei} I just noticed :)
[11:54] {dino} out stx .19, +.13
[11:55] {dino} fwiw gaps below 11556, 2211, 1195
[11:56] {RonS} lol...Good News! American Airlines emerging from Chapter 11 as a "social media airline", valuation $64 billion. They're calling it Fly-
[11:57] {RonS} missed a letter...should read Fly-R
01[11:57] {Threei} heh
01[11:58] {Threei} out of all crazes, one I can't wait to pass is a social media craze
[12:08] {swill} purchased new coarse. will have as comba protection today
[12:09] {dino} fio sm l .14
[12:13] {dino} sm l gld .05
01[12:13] {Threei} thanks swill, hope you'll enjoy it
01[12:13] {Threei} let me know if access is OK
[12:14] {swill} so far, good
01[12:14] {Threei} cool
[12:15] {swill} indeed
01[12:15] {Threei} haven't found any glitches during testing, but still
[12:15] {dino} dcc 3i
[12:22] {dino} gld stop -.25
[12:24] {JK13} .
[12:28] {dino} rinsed
[12:30] {JK13} 3i what do you think on tna long
[12:31] {dino} 07 green
01[12:31] {Threei} toughie...
01[12:31] {Threei} tempting but iffy
[12:48] {dino} out fio .72, +.58 ty ron
01[12:50] {Threei} wtg
[12:50] {RonS} out fio .80 +.40
[12:51] {RonS} yw dino glad you are back
[12:58] {RonS} what the heck...xlf, bkx green
01[13:10] {Threei} (UK) Financial regulator FSA is said to have asked UK banks to submit plans in regards to their preparation for a potential breakup of the euro zone - financial press- FSA is said to be planning to meet with banks to discuss their contingency plans for any potential euro zone breakup.
[13:21] {dino} out gpor .60, +.75
[13:23] {RonS} gj
[13:23] {dino} ty
[13:27] {RonS} mc time on a lot of dailies
[13:28] {RonS} hammer time
[13:34] {RonS} wow...lol... http://tinyurl.com/cq7fc9v
[13:37] {patience} good morning :)
01[13:38] {Threei} morning patience
[13:39] {RonS} dino, could gmcr go for a gap fill this pm?
[13:41] {dino} be a heck of a move
01[13:49] {Threei} EUR/USD PIMCO Global portfolio management Chief Mather: EUR/USD parity is not out of the question; US dollar is best trade for the next 3 to 6 months
01[13:49] {Threei} so dino... you remarked earlier on how much FSLR is donw, remember?
01[13:50] {Threei} now, have a look at this:
01[13:50] {Threei} First Solar Inc. Hearing Stifel downgrades to Hold from buy
01[13:50] {Threei} can you say value added?
[13:51] {dino} lol
[13:55] {RonS} $CVX Spiking Lower; Brazil Prosecutors Seek 20B Reais from Chevron in Damages; Asked to Suspend All Activity in Brazil by Prosecutors
[14:12] {RonS} rig hit on this too
[14:24] {dino} hitk sm l .23 ave
01[14:27] {Threei} Short Setup: UIS .45 break
01[14:27] {Threei} if stays under .55
[14:29] {dino} gmcr came back 2
[14:44] {JK13} .
01[14:44] {Threei} good point
[14:45] {JK13} ;)
01[14:46] {Threei} (US) Senator Demint (R-SC): Believes the Fed will not provide funding to the IMF
01[14:46] {Threei} Fed: wanna bet?
01[14:47] {Threei} UIS touched 1 cent from 1;1
01[14:47] {Threei} let's trail stop to .51 if still in
01[14:53] {Threei} 1:1 baby
01[14:53] {Threei} patient ones, start covering
01[14:53] {Threei} scalpers get out
01[15:13] {Threei} no news for this market spike
01[15:18] {Threei} 1:2 UIS
01[15:18] {Threei} my a$$ is out
[15:21] {patience} china said today it guarantees growth amid global slowdown....news story being picked up, no idea if it is a legitimate story
01[15:22] {Threei} guarantees, eh
01[15:22] {Threei} "those are our numbers, we can make them whatever we want"
[15:26] {dino} they were saying yesterday 8% growth for at least 10 years
01[15:27] {Threei} BS
01[15:28] {Threei} as far as I am concerned
01[15:38] {Threei} lol
01[15:38] {Threei} Dear God,
01[15:38] {Threei} My prayer for 2012 is for
01[15:38] {Threei} A fat bank account & a thin body.
01[15:38] {Threei} Please don't mix these up like you did last year.
01[15:38] {Threei} AMEN!
[15:41] {swill} amen
[15:42] {patience} this must be a guy's prayer
01[15:46] {Threei} what do you know
01[15:46] {Threei} UIS made it to 1:3
01[15:46] {Threei} without me, but still
[15:47] {dino} out hitk ave .57, +.34
01[15:47] {Threei} nice finish
[15:47] {dino} ty took about an hour
[15:53] {dino} wab spiuke
[15:53] {dino} spike too
[15:53] {dino} wtf 69s now 64
01[15:54] {Threei} no news yet
01[16:00] {Threei} OK guys, thank you all
01[16:00] {Threei} have a good evenbing
01[16:00] {Threei} see you tomorrow
[16:01] {dino} gn
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