Online Course on chart pattern recognition is available now: http://www.realitytrader.com/111trades.html
Here's the midweek update...no eow review. All new levels for the New Year...yippee...all that work to do..oy vay.
http://www.youtube.com/watch?v=i6DvZQAvd_w&context=C3dc690fADOEgsToPDskJY_-wKAGSsH5-n6x0ia-AA
Wednesday, December 28, 2011
Dec 28 2011
Course on chart pattern recognition is available now: http://www.realitytrader.com/111trades.html
How's that for a definition of super-thin trading:
- NYSE volume 360M shares, about 45% below its three-month average;
- NASDAQ volume 840M shares, about 44% below its three-month average
With 5 out of 6 today, I feel like any money made this week should be framed and hung on the wall. Just sitting through the periods of boredom is nothing short of heroic
Session Time: Wed Dec 28 00:00:00 2011
[09:13] {JK13} gm
[09:13] {Threei} morning jk
[09:13] {dino} gm
[09:13] {Threei} dino :)
[09:13] {rambler} goodmorning
[09:14] {Threei} rambler :)
[09:19] {Threei} market losing ground
[09:19] {Threei} no news
[09:20] {Threei} I am sure it's nemo's fault
[09:21] {Threei} EUR/USD Sets fresh session lows
[09:22] {ese} mornin.......back from up island
[09:22] {Threei} hey ese, welcome back
[09:23] {Threei} islanders started flocking back... swill and patience are still MIA
[09:23] {ese} and it was wetter than....???????....have no word for it
[09:23] {Threei} wetter than rain?
[09:24] {ese} ya thats it
[09:25] {Threei} FCX is first short cadndiate
[09:25] {RonS} hello everyone
[09:26] {Threei} not sure about SLW, as weak as it was yesterday, for somereason it decided to go against the market today
[09:26] {Threei} Ron, welcome back :)
[09:27] {Threei} trading is still very thin and likely to stay this way till after NY
[09:27] {Threei} so, staying quick and nimble
[09:28] {Threei} Dealers note that Italy to sell bonds on Thursday, Dec 29th and the 10-year BTP yield is around the 6.85% despite the decent Bill auction earlier today
[09:29] {Threei} if spread tightens near .85, that'd be good trigger for FCX
[09:29] {ese} morning Ron...
[09:30] {Threei} Short Setup: SLW .90 break
[09:30] {Threei} Short Setup: FCX .85 break
[09:31] {Threei} SLW stop above 29 for scalpers, .05 day traders
[09:31] {Threei} FCX .95 and 38
[09:32] {Threei} SLW 1:1 scslpers
[09:33] {Threei} 1:1 day traders
[09:33] {Threei} FCX same
[09:33] {Threei} out FCX in full .60
[09:33] {dino} cov fcx .60 ave +.24 ty vad
[09:33] {Threei} and SLW .70
[09:33] {Threei} welcome sir
[09:35] {Threei} Long Setup: SLW .75 break half lot
[09:35] {Threei} stop is so obvious, it would be pure insult to name it
[09:36] {Threei} let's trail it to .69 now
[09:37] {thomcbell} fdx and ups diverging fdx near support
[09:38] {Threei} out SLW
[09:39] {dino} same
[09:39] {dino} -.06
[09:40] {dino} 07 all red but barely moving
[09:40] {Threei} yeah, I am ot convinced of either, bounce or continuatuion
[09:41] {dino} acat sm s .81
[09:41] {thomcbell} lvs strong bounce
[09:41] {thomcbell} i mean qcom
[09:41] {thomcbell} sorry
[09:41] {dino} slap! :D
[09:41] {Threei} hehe
[09:42] {Threei} Short Setup: AFL .94 break
[09:43] {Threei} if stays under .05
[09:43] {Threei} half lot
[09:43] {dino} acat stop -.23
[09:44] {Threei} Short Setup: GLD .80 break
[09:44] {Threei} smaller shares
[09:44] {dino} wow acat
[09:45] {Threei} GLD 1:1
[09:45] {Threei} AFL 1:1
[09:46] {Threei} GLD 1:2
[09:46] {Threei} out
[09:46] {Threei} out AFL in full
[09:46] {thomcbell} dax down 1%
[09:47] {dino} cov gld .54, +.24
[09:47] {dino} ty
[09:47] {Threei} :)
[09:49] {thomcbell} fcx 37.49 break
[09:50] {Threei} looks right
[09:50] {thomcbell} if stays below 37.60
[09:51] {Threei} and 1:1
[09:51] {Threei} nice and easy, classic setup
[09:51] {dino} cov afl .67, +.24 ty vad
[09:51] {Threei} very clean, right from the course pages
[09:51] {Threei} welcome dino
[09:52] {thomcbell} :)
[09:53] {dino} cov fcx .38, +.11 ty tbell
[09:53] {Threei} dino is just sweeping the trading floor today
[09:53] {Threei} no banknote is left
[09:53] {dino} just scalping, untrusting mode
[09:54] {thomcbell} covered half fcx for that reason
[09:55] {thomcbell} covered another 1/4 here 37.30
[09:55] {thomcbell} 37.40 stop on balance
[09:55] {dino} nice read
[09:55] {Threei} you must have read that course, I swear
[09:55] {thomcbell} qcom on radar for long if market gets footing
[09:56] {Threei} GLD
[09:56] {thomcbell} lvs getting smoked
[09:56] {Threei} if holding .40, double bottom candidate
[09:56] {thomcbell} fcx flat 37.20
[09:56] {Threei} no, never mind
[09:57] {Threei} beautiful trade management on FCX
[09:57] {Threei} wtg tbell
[09:57] {thomcbell} compliments on the course - read a bunch of the booklet last night
[09:57] {Threei} liked it?
[09:58] {thomcbell} very user friendly
[09:58] {Threei} cool beans, glad to hear
[09:58] {thomcbell} lvs 43.47 break Vad?
[09:58] {Threei} gotta show it to my wife, she says I am very unfriendly...
[09:58] {thomcbell} 1/2 lot
[09:59] {Threei} I'd make it .45
[09:59] {Threei} and if stays above .35
[09:59] {dino} nflx sm l .20
[10:00] {thomcbell} qcom has to be something here vad
[10:00] {thomcbell} two sided
[10:00] {Threei} .75 break long, yes
[10:00] {thomcbell} what about 54.66
[10:00] {Threei} breakdown sice is not that clear
[10:01] {Threei} no clearly pronounced trigger
[10:01] {thomcbell} gotcha
[10:02] {Threei} LVS invalidated, and to say honstly I am sighing with relief
[10:02] {Threei} didn't feel easy about this trade
[10:03] {thomcbell} y
[10:03] {dino} out nflx flat
[10:03] {ese} grrrrrrrrrrrrrrrrrrrrr......stalking END since opening....turn my hhead for 2 flippin seconds and....grrrrrrrrrrrrrrrrrrrrrrr
[10:04] {Threei} QCOM, I severly dislike the way this thing trades
[10:04] {thomcbell} its a short
[10:05] {thomcbell} but i agree
[10:05] {thomcbell} whomever has the big order
[10:05] {dino} ugh nflx
[10:05] {thomcbell} wow slw
[10:06] {dino} nflx l .50
[10:06] {dino} out .67
[10:07] {Threei} sheesh END
[10:07] {Threei} that's one nice spot ese
[10:07] {dino} zigo drop
[10:07] {ese} i know....i know
[10:08] {ese} only thing to brag about there is stupidity
[10:08] {Threei} (US) ComScore: Late Christmas shopping push put US online holiday spending total around $35.3B, +15% y/y- The most recent week (ending Dec. 25) witnessed $2.8 billion in spending, an increase of 16 percent versus the corresponding week last year. - Holiday e-commerce spending has remained strong throughout the season, and we have now reached a record $35 billion in U.S. online sales for the season-to-date
[10:08] {Threei} yes but... is it at the expense of brick-and-mortar stores?
[10:09] {dino} of course
[10:09] {ese} that setup was perfect...30 lousy seconds.....max 30 and i miss it
[10:09] {dino} and also at the expense of state govt, no sales taxes
[10:12] {dino} sm l zigo .25 risky
[10:13] {thomcbell} qcom is bananas
[10:13] {thomcbell} strong
[10:14] {Threei} it's full of traps
[10:14] {Threei} don't like it
[10:15] {dino} 07 red
[10:18] {dino} bokf drop
[10:24] {dino} dmnd spike
[10:26] {RonS} DMND rumor david einhorn taking 8% stake
[10:26] {dino} hmmm, he's usually a short
[10:27] {dino} ndx gap 2266
[10:28] {thomcbell} slw has real problems
[10:32] {cipher} ibm l .88
[10:32] {cipher} tna l .96
[10:36] {cipher} -.10 tna
[10:36] {cipher} -.05 ibm
[10:37] {dino} sina sm l .65
[10:39] {thomcbell} sm l FDX
[10:40] {cipher} ibm l .81
[10:41] {cipher} cat l .13
[10:42] {dino} out sina .32, +.57
[10:42] {Threei} wtg
[10:42] {dino} ty
[10:42] {cipher} out cat .33 +.20
[10:43] {Threei} nice one
[10:43] {cipher} thx
[10:44] {dino} gj
[10:45] {dino} out zigo .55, +.30
[10:46] {cc_8} nice exit
[10:46] {dino} thx
[10:49] {dino} chk l .00
[10:59] {cipher} cat l .00
[10:59] {cipher} stopped -.11
[11:02] {Threei} ese
[11:02] {Threei} END is back to your original entry idea
[11:03] {RonS} means the END is near?
[11:03] {Threei} I guess
[11:04] {Threei} byw ron, you missed twitter joke of the year yesterday
[11:04] {Threei} let me find it
[11:04] {RonS} which END is up?
[11:04] {Threei} 12:03] {Threei} HEY STUPID IDIOTS WHO GOT TWITTER FOR CHRISTMAS: IT'S FREE!!!
[11:04] {RonS} lol
[11:05] {cipher} ibm l.50
[11:06] {Threei} beautiful entry
[11:06] {Threei} half out here?
[11:07] {Threei} please?
[11:07] {cipher} no expecting at least .30
[11:08] {ese} L mgm c load .13
[11:11] {dino} c load?
[11:12] {ese} crap load
[11:12] {Threei} crapload?
[11:12] {Threei} lol
[11:12] {dino} roflol
[11:12] {dino} i won't forget that
[11:13] {ese} it'll remain there even stronger if i actually make some money on it
[11:17] {cipher} out ibm flat... shoulda listened to da master :-(
[11:19] {dino} don't mess w/the zohan
[11:19] {Threei} don't guess... just follow the standard procedure
[11:19] {ese} lol
[11:19] {Threei} it's there for a rewason - it takes creativity out of what should not be creative
[11:19] {Threei} look at it this way:
[11:20] {Threei} creativity is needed when you design your setups
[11:20] {Threei} when you execute them - you don't think
[11:20] {Threei} don't second-guess
[11:20] {Threei} you just execute
[11:20] {Threei} standard procedure says protect profits by prtials and trails
[11:21] {Threei} sure, there can be more money laying around the corner,
[11:21] {Threei} but is it the reaon not to pick up the money that lies on the floor right in front of yo?
[11:23] {Threei} look who decided to check on us
[11:23] {nemo} shhhhhh....
06[11:23] * Threei slaps nemo around a bit with a rough-edged bottle of champaign
[11:23] {nemo} I'm trying to drink alone
[11:23] {Threei} no chance
[11:24] {nemo} Grey Goose ;)
[11:24] {RonS} who 'dat?
[11:24] {nemo} Just got back from morning hunt
[11:24] {nemo} sucks this year
[11:24] {Threei} bambi is dead?
[11:24] {nemo} must be, I can't find them
[11:24] {Threei} lol
[11:24] {RonS} bars open early?
[11:24] {Threei} btw, read the phrase, gotta share, just for you:
[11:24] {Threei} There is no such thing as overkill - dead is dead.
[11:25] {nemo} yep
[11:25] {ese} it's a world wide problem.......Salmon stocks are depleted here on the west coast......humans...screwing up the planet
[11:26] {nemo} and you didn't believe me about 2012...animals are leaving before humans go nuts
[11:26] {Threei} not if you look at deer in CRD
[11:26] {Threei} leaving where?
[11:27] {Threei} they have space ships?
[11:27] {Threei} SPY starts looking breakdownish...
[11:27] {nemo} just getting out of dodge
[11:27] {Threei} Long Setup: TZA .60 break
[11:27] {Threei} half lot
[11:27] {nemo} http://www.freestockcharts.com?emailChartID=18f124fb-f34e-4310-aba1-62bdf9f99f21
[11:28] {ese} and the worst of it!!!!!!!! no caviar...sturgeon stocks depleted in Russia
[11:28] {Threei} ummm
[11:28] {Threei} let me share little secret
[11:28] {ese} fire.....
[11:28] {Threei} this is what they say to prop the prices
[11:28] {dino} chk stop -.15
[11:29] {ese} whoa...don't like that out mgm .10 -.03
[11:30] {Threei} told you we break down
[11:30] {ese} lol
[11:31] {Threei} TZA 1:1
[11:31] {dino} wants the 2266 ndx gap
[11:32] {Threei} The world's finest beluga caviar will be available once again following an agreement by five producer countries on export quotas for the luxe delicacy, the United Nations' watchdog on endangered species has announced. Azerbaijan, Iran, Kazakhstan, Russia and Turkmenistan agreed at a meeting in Tehran on new quotas which will be in effect through February 2011, the UN Convention on International Trade in Endangered Species said in a statement. A temporary ban on wild caviar was imposed in 2001 due to a depletion of stocks amid high levels of poaching and illegal trade in the Caspian Sea.
[11:32] {Threei} In 2002, countries sharing a stock of sturgeon automatically had zero quotas unless they reached a consensus on a sustainable level of exports. Trade in beluga was halted last year as the countries failed to agree on quotas. Azerbaijan and Turkmenistan still have zero quotas, but Iran can now produce 800 kg, Kazakhstan 1,500 kg, and Russia 700 kg. Expect it to cost a small fortune if you're lucky enough to get your hands on some.
[11:34] {ese} hmmmmmmmmmm
[11:34] {dino} sm l perf .70
[11:35] {ese} would like to go with ya dino but }40 cent spread
[11:36] {ese} opps .08 now better
[11:36] {ese} nooooooo.....now 40 cents
[11:36] {ese} sorry 30
[11:36] {RonS} hooker spread...
[11:36] {Threei} 1:2
[11:36] {ese} oh oh....01
[11:36] {Threei} out in full
[11:37] {dino} lol
[11:38] {nemo} interesting spot for tna long
[11:39] {nemo} HOwever, I think they could bring it down to the WPP for bot SPY and IWM
[11:39] {ese} man perf is dn what.....almost 50% in 2 days
[11:39] {ese} talk about over kill
[11:39] {RonS} ...perf bought another company...$170 mil trans...
[11:40] {RonS} means they will be stinkin up the joint...
[11:40] {ese} oh......so really negative news then?
[11:41] {dino} lol
[11:41] {dino} perfume
[11:42] {Threei} argh
[11:42] {Threei} was thinking of IBM short on 184 break
[11:42] {Threei} don't know why I decided to refrain
[11:43] {RonS} omg hope nemo not on mibbet
[11:43] {Threei} why?
[11:44] {ese} my question exactly
[11:45] {RonS} phillipine mail order bride ad...
[11:46] {nemo} wtf?
[11:46] {Threei} think he is done with russian brides?
[11:46] {nemo} I've never been married
[11:47] {nemo} why?
[11:47] {JK13} Vad how I can dcc you
[11:47] {Threei} doubleclick on my nick
[11:47] {Threei} type in a new window that pops up
[11:49] {ese} ohhhhh keeeeee dohhh keeeee........not much said but conversation was intense........
[11:50] {ese} ron survives nemo's wrath........ok were fine........phew
[11:50] {nemo} I have a long memory
[11:50] {ese} i know..... iknow
[11:51] {ese} back to work.........question here is.......do I go for another c load of mgm? vad?
[11:52] {ese} the mrkt crystal ball says .....what?
[11:52] {Threei} nah
[11:52] {RonS} wish patience was here: http://www.dilbert.com/strips/2011-10-01/
[11:52] {ese} ok
[11:53] {dino} still in here ese, 1k
[11:53] {ese} how bout a dino sm........please please dad!!!!!!!!! can I can i.....huh?????
[11:53] {ese} mgm? dino
[11:54] {RonS} omg...the beard to challenge the O: Fed Chairman Ben Bernanke may double press briefings to improve understanding of policy changes
[11:54] {dino} y
[11:54] {ese} done.......i'm in .11
[11:55] {dino} just what we need, more briefings/noise
[11:55] {ese} 1 K
[11:55] {ese} ya.....everytime he opens his mouth.....the mrkt tanks
[11:56] {dino} y
[11:56] {ese} has that innate ability to drown in a parking lot puddle
[11:58] {ese} if someone were to question him about manual labour.......he's think they were talking about the president of Mexico for crying out loud
[11:58] {ese} he's
[11:58] {ese} he'd
[11:58] {RonS} hehe'd
[11:58] {ese} egzacctilly
[12:00] {ese} reminds me of doof whos standing at railroad crossing gates..........the arms are down....the lights are flashing........but that train just ain't comin!!!!!1
[12:01] {ese} as a matter of fact..........he's the type who'd put iodine on his pay check if he got a cut in pay.......
[12:02] {dino} lol
[12:02] {ese} would search wallmart for wheels for a mis-carriage
[12:03] {ese} you know the type...........
[12:03] {RonS} ese...classic: http://www.youtube.com/watch?v=nKf6hK6oBcg
[12:08] {thomcbell} bollinger band tighten on the 1 minute fcx Vad
[12:08] {thomcbell} 10 min ago
[12:10] {ese} wow........love Jeff Becks' playing.....thats a great tune
[12:10] {Threei} can`t tell anything here
[12:10] {Threei} a bit too random
[12:11] {dino} hitk sm l .72 ave
[12:13] {RonS} hey ese...did not know...is a curtis mayfield tune...http://en.wikipedia.org/wiki/People_Get_Ready_(song)
[12:15] {ese} actually didn't know that either......I have a recording of the Staple Singers doin it
[12:23] {Threei} Long Setup: FCX .60 break if stays above .50
[12:24] {Threei} let's do half lot, mostly because the odds are not too great at htis time of the day
[12:24] {JK13} :)
[12:29] {cipher} dino still in perf?
[12:30] {dino} y
[12:30] {cipher} what's your target?
[12:30] {dino} .30 area
[12:31] {cipher} i was thinking the same...
[12:31] {cipher} ty
[12:31] {cipher} i'm in @ .71
[12:32] {dino} issue is drops/spreads are wide
[12:32] {cipher} no kidding
[12:32] {cipher} pulp
[12:32] {dino} y
[12:32] {dino} "pulp moves baby" geo. costazza
[12:35] {ese} L mgm .13 avg .12 and a bit
[12:35] {Threei} 1:2, out FCX
[12:36] {JK13} thx Vad
[12:37] {Threei} :)
[12:40] {dino} out fcx .74, +.13
[12:40] {dino} ty vad
[12:40] {Threei} :)
[12:40] {Threei} did I say 1:2 earlier? that was 1:1 of course
[12:55] {Threei} (IT) Italy govt said to be considering raising toll road fees as a revenue raising measure - financial press
[13:00] {Threei} (EU) Some bankers and regulators are said to be unsettled about the possibility that European lenders are running low on collateral - financial press
[13:00] {ese} hoooo....hummmmmm mgm still hangin in there
[13:15] {thomcbell} wow bbby
[13:15] {ese} ohhhhhhh dino!!!!!!
[13:15] {thomcbell} looks interesting intraday
[13:17] {ese} the mgm movie is finally getting un boring
[13:18] {Threei} Ron Paul is leading in Iowa...
[13:26] {Threei} kill me now:
[13:26] {Threei} http://www.telegraph.co.uk/culture/art/8884829/Why-is-Andreas-Gurskys-Rhine-II-the-most-expensive-photograph.html
[13:26] {Threei} seriously?
[13:29] {RonS} ese can explain it...he's the artiste...
[13:30] {Threei} I will give my right hand to ax to anyone who can explain it to me
[13:31] {Threei} hell, ax my head off while at it too
[13:32] {Threei} lol, I like this comment:
[13:32] {Threei} "Does it come with several Ferraris?" offers an arts editor here. Well, that would make more sense, but no, not that we know of. "One can only assume the collector really likes stripes of green and gray," jokes SeattlePI.com.
[13:33] {nemo} o.k. off to try and kill something again
[13:33] {Threei} you just don't give up
[13:34] {nemo} season is over in 3 days...I'll have to give up then, or poach
[13:35] {nemo} wow, one of my subjective levels going back a ways, was the spy bottom today
[13:49] {RonS} dang...wish i knew this before christmas...Women who read romance novels have sex twice as often as those who don't.
[13:49] {RonS} lol...pulp moves baby...
[13:50] {dino} gs sm l .65
[13:51] {RonS} qotd: DMND trading higher on the rumor that there is a rumor
[13:54] {thomcbell} lvs break 42.78 vad
[13:57] {Threei} probably...
[13:57] {Threei} chart is right, time of the day is not
[13:58] {thomcbell} ok thanks
[14:01] {RonS} putin tries comedy: Putin promises fair election as ‘New Year’s gift’
[14:02] {Threei} I'd still take twitter as a present
[14:15] {dino} gs stop -.20
[14:20] {ese} ok....i've been looking at that photo now for about 5 min and this is what i've come up with........
[14:21] {ese} F..ked if I know!!!!!
[14:22] {ese} a c load of nothin as far as I can see
[14:22] {Threei} thank you
[14:23] {RonS} ...and here i heard if you stare into the abyss long enough that it stares back...
[14:23] {RonS} but i gues it's not nemo's empty bottle...
[14:24] {ese} yup and it answers to
[14:24] {RonS} :)
[14:24] {ese} something like
[14:25] {ese} if your stupid enough to pay 4.3 mil for that photo........your dumber than we think you are
[14:25] {ese} and.......
[14:26] {ese} theres a couple of us that want to sell you some real estate out here in the middle of the Juan di Fuca straight
[14:26] {ese} not to mention a bridge that goes along with it
[14:28] {ese} isn't this planet in some kind of recession right now? Feel free to correct if I'm wrong
[14:30] {RonS} ...always a bull market somewhere...food stamps...meaningless photos, etc...
[14:31] {ese} true isn't it
[14:31] {RonS} but apparently not perfume retail...
[14:31] {ese} by the way.........anyone here into tulips
[14:31] {ese} lol
[14:31] {RonS} perf...def of time in a bottle?
[14:32] {ese} hmmmmmmmm laughing at my own jokes.........bad sign
[14:32] {Threei} welcome to my world ese
[14:32] {ese} indeed
[14:32] {cc_8} haha
[14:32] {ese} be back in 20
[14:35] {Threei} comeon ese
[14:36] {Threei} it's not THAT funny that you need 20 min to luagh it away
[14:40] {RonS} not confirmed but....with less than 2 hours to go NYSE and Nasdaq are each 48% under their 3-mo avg turnover. Only 6.8 million options, which is 60% under avg
[14:42] {Threei} here are exact numbers:
[14:42] {Threei} NYSE volume 270M shares, about 45% below its three-month average; decliners lead advancers by 3.1:1. - NASDAQ volume 620M shares, about 44% below its three-month average; decliners lead advancers by 2.9:1.
[14:42] {Threei} as of 14:00
[14:42] {RonS} wonder why i think this is funny but lol...In conclusion...if 2011 taught us anything, it's that freaking out over every single headline is a very profitable investing strategy.
[14:43] {Threei} hehe
[14:43] {Threei} I like it
[14:44] {Threei} is it me or does it sound sccry:
[14:44] {Threei} scary
[14:44] {Threei} (US) Fed taskforce is said to be examining ways to curb repo market risk, reduce market dependency on JPMorgan and Bank of New York - FT
[14:44] {Threei} - Officials with knowledge of the tastk force highlight that a public sector body would be inclined to behave differently when under stress, and that a bank, in its desire for security or collateral could be tempted to behave badly
[14:47] {RonS} makes sense to me...why have a market that might act like a market...a financial poitburo is sooo much better
[14:47] {RonS} politburo
[14:47] {Threei} OK, not just me then
[14:48] {Threei} here is your, North Americans problem: we in USSR had where to immigrate - in North America. What are you going to do?
[14:49] {RonS} ...thinkin hari kiri...
[14:54] {RonS} the heck of it is that after the stuff hits the fan the socialists will turn into fascists the likes of which they only imagined ever existed
[14:55] {Threei} ... and rule for 70+ years
[14:55] {RonS} the precedents are there
[14:55] {RonS} wilson and the sedition acts
[14:55] {RonS} roosevelt and the camps
[14:56] {RonS} obama and the ascription of us citizens to gitmo
[14:59] {RonS} wow, only an hour to go...is my paint dry yet?
[14:59] {Threei} not any more than my grass has grown
[15:00] {RonS} hmmm, china rising? Samoa will skip over Dec. 30 as part of plan to move to western side of International Date Line
[15:11] {Threei} Long Setup: GLDS .40 break
[15:11] {Threei} smaller shares
[15:12] {pragmatic} GLD ?
[15:12] {Threei} stop under .30
[15:12] {Threei} GLD
[15:12] {Threei} fat fingers
[15:13] {Threei} nah
[15:15] {Threei} food photographers explaining his subject choice: I like things that don't talk back
[15:16] {Threei} wow
[15:16] {Threei} what just happened
[15:16] {RonS} guessing doesn't do beans...
[15:16] {Threei} lol
[15:25] {Threei} oh boy
[15:25] {Threei} (CN) China Govt has announced details of a future gas price mechanism; Will first be implemented in Guangdong and Guangxi provinces before being rolled out nationally - Chinese pressThe Details: - There will be different city gate prices for different provinces. - The new price mechanism will be based on "reference prices," and affordability in the individual province. - Pricing formula is 90% of the weighted average of imported fuel oil (40%) and imported LPG (60%) prices with adjustment for their heating value and 13% of VAT. - Base prices will be adjusted on a yearly basis to begin with, but will gradually move to quarterly.
[15:27] {Threei} when this house of cards falls apart...
[15:27] {Threei} the world will shudder
[15:37] {Threei} look at GLD daily
[15:37] {Threei} name for this chart is a "goldbug's nigtmare"
[15:38] {Threei} course readers will spot the short setup in Sept
[15:38] {rambler} power back on...
[15:38] {Threei} wind?
[15:38] {rambler} not sure
[15:39] {rambler} how great has the trading been?
[15:39] {Threei} we had some earlier, not big but probably stroneger in your area
[15:39] {Threei} morning was good, after that looooong period of boredom
[15:40] {dino} second that
[15:40] {RonS} took perf .48 ave to .90 +.42 thanks dino
[15:40] {Threei} nice
[15:41] {dino} gj
[15:41] {dino} i held thru that, but getting out shortly
[15:44] {Threei} How's that for a definition of super-thin trading:
[15:44] {Threei} - NYSE volume 360M shares, about 45% below its three-month average;
[15:44] {Threei} - NASDAQ volume 840M shares, about 44% below its three-month average
[15:45] {Threei} any money made this week should be framed and hung on the wall. Just sitting through the periods of boredom is nothing short of heroic
[15:52] {RonS} so, what do you think? .1% of pop have any idea what we do?
[15:52] {Threei} nah
[15:52] {RonS} w/ relatives and they think it is magic or alchemy
[15:52] {RonS} probably 100-1000 tops....
[15:53] {Threei} as long as wife beilieves you are a sci-fi writer, things are fine
[15:53] {RonS} rotflol
[15:53] {Threei} :)
[15:54] {Threei} "honey, Chtorrans came in through the chronoclastic infundibulum today and stole $100 bucks from me"
[15:55] {RonS} mean, in my case, in addition to being a schmuck...
[15:55] {RonS} oh well in my former live was a salesman and doughter grew up believing i did nothing...
[15:56] {Threei} see... not much to lose :)
[15:56] {RonS} now she is married to a consultant and has proof of real nothing...
[15:56] {Threei} lol
[15:56] {Threei} ironic eh
[15:57] {Threei} but hey... any schmuck who can spell chronoclastic infundibulum...
[15:57] {RonS} w/ fins no less...
[15:57] {Threei} right
[15:57] {Threei} and keyboard with 2/3 markings goine...
[15:57] {Threei} gone
[15:58] {Threei} I don;t know how I manage to do that, you'df think I have a sandpaper on my fingerti[s
[15:59] {Threei} Taoist Trader, 11 Trades and all the blog articles and room discussions of last 5 years are done on a keyboard with blind keys
[16:00] {Threei} thank you all
[16:00] {Threei} have a good evening, see you tomorrow
[16:00] {rambler} thanks Vad
How's that for a definition of super-thin trading:
- NYSE volume 360M shares, about 45% below its three-month average;
- NASDAQ volume 840M shares, about 44% below its three-month average
With 5 out of 6 today, I feel like any money made this week should be framed and hung on the wall. Just sitting through the periods of boredom is nothing short of heroic
Session Time: Wed Dec 28 00:00:00 2011
[09:13] {JK13} gm
[09:13] {Threei} morning jk
[09:13] {dino} gm
[09:13] {Threei} dino :)
[09:13] {rambler} goodmorning
[09:14] {Threei} rambler :)
[09:19] {Threei} market losing ground
[09:19] {Threei} no news
[09:20] {Threei} I am sure it's nemo's fault
[09:21] {Threei} EUR/USD Sets fresh session lows
[09:22] {ese} mornin.......back from up island
[09:22] {Threei} hey ese, welcome back
[09:23] {Threei} islanders started flocking back... swill and patience are still MIA
[09:23] {ese} and it was wetter than....???????....have no word for it
[09:23] {Threei} wetter than rain?
[09:24] {ese} ya thats it
[09:25] {Threei} FCX is first short cadndiate
[09:25] {RonS} hello everyone
[09:26] {Threei} not sure about SLW, as weak as it was yesterday, for somereason it decided to go against the market today
[09:26] {Threei} Ron, welcome back :)
[09:27] {Threei} trading is still very thin and likely to stay this way till after NY
[09:27] {Threei} so, staying quick and nimble
[09:28] {Threei} Dealers note that Italy to sell bonds on Thursday, Dec 29th and the 10-year BTP yield is around the 6.85% despite the decent Bill auction earlier today
[09:29] {Threei} if spread tightens near .85, that'd be good trigger for FCX
[09:29] {ese} morning Ron...
[09:30] {Threei} Short Setup: SLW .90 break
[09:30] {Threei} Short Setup: FCX .85 break
[09:31] {Threei} SLW stop above 29 for scalpers, .05 day traders
[09:31] {Threei} FCX .95 and 38
[09:32] {Threei} SLW 1:1 scslpers
[09:33] {Threei} 1:1 day traders
[09:33] {Threei} FCX same
[09:33] {Threei} out FCX in full .60
[09:33] {dino} cov fcx .60 ave +.24 ty vad
[09:33] {Threei} and SLW .70
[09:33] {Threei} welcome sir
[09:35] {Threei} Long Setup: SLW .75 break half lot
[09:35] {Threei} stop is so obvious, it would be pure insult to name it
[09:36] {Threei} let's trail it to .69 now
[09:37] {thomcbell} fdx and ups diverging fdx near support
[09:38] {Threei} out SLW
[09:39] {dino} same
[09:39] {dino} -.06
[09:40] {dino} 07 all red but barely moving
[09:40] {Threei} yeah, I am ot convinced of either, bounce or continuatuion
[09:41] {dino} acat sm s .81
[09:41] {thomcbell} lvs strong bounce
[09:41] {thomcbell} i mean qcom
[09:41] {thomcbell} sorry
[09:41] {dino} slap! :D
[09:41] {Threei} hehe
[09:42] {Threei} Short Setup: AFL .94 break
[09:43] {Threei} if stays under .05
[09:43] {Threei} half lot
[09:43] {dino} acat stop -.23
[09:44] {Threei} Short Setup: GLD .80 break
[09:44] {Threei} smaller shares
[09:44] {dino} wow acat
[09:45] {Threei} GLD 1:1
[09:45] {Threei} AFL 1:1
[09:46] {Threei} GLD 1:2
[09:46] {Threei} out
[09:46] {Threei} out AFL in full
[09:46] {thomcbell} dax down 1%
[09:47] {dino} cov gld .54, +.24
[09:47] {dino} ty
[09:47] {Threei} :)
[09:49] {thomcbell} fcx 37.49 break
[09:50] {Threei} looks right
[09:50] {thomcbell} if stays below 37.60
[09:51] {Threei} and 1:1
[09:51] {Threei} nice and easy, classic setup
[09:51] {dino} cov afl .67, +.24 ty vad
[09:51] {Threei} very clean, right from the course pages
[09:51] {Threei} welcome dino
[09:52] {thomcbell} :)
[09:53] {dino} cov fcx .38, +.11 ty tbell
[09:53] {Threei} dino is just sweeping the trading floor today
[09:53] {Threei} no banknote is left
[09:53] {dino} just scalping, untrusting mode
[09:54] {thomcbell} covered half fcx for that reason
[09:55] {thomcbell} covered another 1/4 here 37.30
[09:55] {thomcbell} 37.40 stop on balance
[09:55] {dino} nice read
[09:55] {Threei} you must have read that course, I swear
[09:55] {thomcbell} qcom on radar for long if market gets footing
[09:56] {Threei} GLD
[09:56] {thomcbell} lvs getting smoked
[09:56] {Threei} if holding .40, double bottom candidate
[09:56] {thomcbell} fcx flat 37.20
[09:56] {Threei} no, never mind
[09:57] {Threei} beautiful trade management on FCX
[09:57] {Threei} wtg tbell
[09:57] {thomcbell} compliments on the course - read a bunch of the booklet last night
[09:57] {Threei} liked it?
[09:58] {thomcbell} very user friendly
[09:58] {Threei} cool beans, glad to hear
[09:58] {thomcbell} lvs 43.47 break Vad?
[09:58] {Threei} gotta show it to my wife, she says I am very unfriendly...
[09:58] {thomcbell} 1/2 lot
[09:59] {Threei} I'd make it .45
[09:59] {Threei} and if stays above .35
[09:59] {dino} nflx sm l .20
[10:00] {thomcbell} qcom has to be something here vad
[10:00] {thomcbell} two sided
[10:00] {Threei} .75 break long, yes
[10:00] {thomcbell} what about 54.66
[10:00] {Threei} breakdown sice is not that clear
[10:01] {Threei} no clearly pronounced trigger
[10:01] {thomcbell} gotcha
[10:02] {Threei} LVS invalidated, and to say honstly I am sighing with relief
[10:02] {Threei} didn't feel easy about this trade
[10:03] {thomcbell} y
[10:03] {dino} out nflx flat
[10:03] {ese} grrrrrrrrrrrrrrrrrrrrr......stalking END since opening....turn my hhead for 2 flippin seconds and....grrrrrrrrrrrrrrrrrrrrrrr
[10:04] {Threei} QCOM, I severly dislike the way this thing trades
[10:04] {thomcbell} its a short
[10:05] {thomcbell} but i agree
[10:05] {thomcbell} whomever has the big order
[10:05] {dino} ugh nflx
[10:05] {thomcbell} wow slw
[10:06] {dino} nflx l .50
[10:06] {dino} out .67
[10:07] {Threei} sheesh END
[10:07] {Threei} that's one nice spot ese
[10:07] {dino} zigo drop
[10:07] {ese} i know....i know
[10:08] {ese} only thing to brag about there is stupidity
[10:08] {Threei} (US) ComScore: Late Christmas shopping push put US online holiday spending total around $35.3B, +15% y/y- The most recent week (ending Dec. 25) witnessed $2.8 billion in spending, an increase of 16 percent versus the corresponding week last year. - Holiday e-commerce spending has remained strong throughout the season, and we have now reached a record $35 billion in U.S. online sales for the season-to-date
[10:08] {Threei} yes but... is it at the expense of brick-and-mortar stores?
[10:09] {dino} of course
[10:09] {ese} that setup was perfect...30 lousy seconds.....max 30 and i miss it
[10:09] {dino} and also at the expense of state govt, no sales taxes
[10:12] {dino} sm l zigo .25 risky
[10:13] {thomcbell} qcom is bananas
[10:13] {thomcbell} strong
[10:14] {Threei} it's full of traps
[10:14] {Threei} don't like it
[10:15] {dino} 07 red
[10:18] {dino} bokf drop
[10:24] {dino} dmnd spike
[10:26] {RonS} DMND rumor david einhorn taking 8% stake
[10:26] {dino} hmmm, he's usually a short
[10:27] {dino} ndx gap 2266
[10:28] {thomcbell} slw has real problems
[10:32] {cipher} ibm l .88
[10:32] {cipher} tna l .96
[10:36] {cipher} -.10 tna
[10:36] {cipher} -.05 ibm
[10:37] {dino} sina sm l .65
[10:39] {thomcbell} sm l FDX
[10:40] {cipher} ibm l .81
[10:41] {cipher} cat l .13
[10:42] {dino} out sina .32, +.57
[10:42] {Threei} wtg
[10:42] {dino} ty
[10:42] {cipher} out cat .33 +.20
[10:43] {Threei} nice one
[10:43] {cipher} thx
[10:44] {dino} gj
[10:45] {dino} out zigo .55, +.30
[10:46] {cc_8} nice exit
[10:46] {dino} thx
[10:49] {dino} chk l .00
[10:59] {cipher} cat l .00
[10:59] {cipher} stopped -.11
[11:02] {Threei} ese
[11:02] {Threei} END is back to your original entry idea
[11:03] {RonS} means the END is near?
[11:03] {Threei} I guess
[11:04] {Threei} byw ron, you missed twitter joke of the year yesterday
[11:04] {Threei} let me find it
[11:04] {RonS} which END is up?
[11:04] {Threei} 12:03] {Threei} HEY STUPID IDIOTS WHO GOT TWITTER FOR CHRISTMAS: IT'S FREE!!!
[11:04] {RonS} lol
[11:05] {cipher} ibm l.50
[11:06] {Threei} beautiful entry
[11:06] {Threei} half out here?
[11:07] {Threei} please?
[11:07] {cipher} no expecting at least .30
[11:08] {ese} L mgm c load .13
[11:11] {dino} c load?
[11:12] {ese} crap load
[11:12] {Threei} crapload?
[11:12] {Threei} lol
[11:12] {dino} roflol
[11:12] {dino} i won't forget that
[11:13] {ese} it'll remain there even stronger if i actually make some money on it
[11:17] {cipher} out ibm flat... shoulda listened to da master :-(
[11:19] {dino} don't mess w/the zohan
[11:19] {Threei} don't guess... just follow the standard procedure
[11:19] {ese} lol
[11:19] {Threei} it's there for a rewason - it takes creativity out of what should not be creative
[11:19] {Threei} look at it this way:
[11:20] {Threei} creativity is needed when you design your setups
[11:20] {Threei} when you execute them - you don't think
[11:20] {Threei} don't second-guess
[11:20] {Threei} you just execute
[11:20] {Threei} standard procedure says protect profits by prtials and trails
[11:21] {Threei} sure, there can be more money laying around the corner,
[11:21] {Threei} but is it the reaon not to pick up the money that lies on the floor right in front of yo?
[11:23] {Threei} look who decided to check on us
[11:23] {nemo} shhhhhh....
06[11:23] * Threei slaps nemo around a bit with a rough-edged bottle of champaign
[11:23] {nemo} I'm trying to drink alone
[11:23] {Threei} no chance
[11:24] {nemo} Grey Goose ;)
[11:24] {RonS} who 'dat?
[11:24] {nemo} Just got back from morning hunt
[11:24] {nemo} sucks this year
[11:24] {Threei} bambi is dead?
[11:24] {nemo} must be, I can't find them
[11:24] {Threei} lol
[11:24] {RonS} bars open early?
[11:24] {Threei} btw, read the phrase, gotta share, just for you:
[11:24] {Threei} There is no such thing as overkill - dead is dead.
[11:25] {nemo} yep
[11:25] {ese} it's a world wide problem.......Salmon stocks are depleted here on the west coast......humans...screwing up the planet
[11:26] {nemo} and you didn't believe me about 2012...animals are leaving before humans go nuts
[11:26] {Threei} not if you look at deer in CRD
[11:26] {Threei} leaving where?
[11:27] {Threei} they have space ships?
[11:27] {Threei} SPY starts looking breakdownish...
[11:27] {nemo} just getting out of dodge
[11:27] {Threei} Long Setup: TZA .60 break
[11:27] {Threei} half lot
[11:27] {nemo} http://www.freestockcharts.com?emailChartID=18f124fb-f34e-4310-aba1-62bdf9f99f21
[11:28] {ese} and the worst of it!!!!!!!! no caviar...sturgeon stocks depleted in Russia
[11:28] {Threei} ummm
[11:28] {Threei} let me share little secret
[11:28] {ese} fire.....
[11:28] {Threei} this is what they say to prop the prices
[11:28] {dino} chk stop -.15
[11:29] {ese} whoa...don't like that out mgm .10 -.03
[11:30] {Threei} told you we break down
[11:30] {ese} lol
[11:31] {Threei} TZA 1:1
[11:31] {dino} wants the 2266 ndx gap
[11:32] {Threei} The world's finest beluga caviar will be available once again following an agreement by five producer countries on export quotas for the luxe delicacy, the United Nations' watchdog on endangered species has announced. Azerbaijan, Iran, Kazakhstan, Russia and Turkmenistan agreed at a meeting in Tehran on new quotas which will be in effect through February 2011, the UN Convention on International Trade in Endangered Species said in a statement. A temporary ban on wild caviar was imposed in 2001 due to a depletion of stocks amid high levels of poaching and illegal trade in the Caspian Sea.
[11:32] {Threei} In 2002, countries sharing a stock of sturgeon automatically had zero quotas unless they reached a consensus on a sustainable level of exports. Trade in beluga was halted last year as the countries failed to agree on quotas. Azerbaijan and Turkmenistan still have zero quotas, but Iran can now produce 800 kg, Kazakhstan 1,500 kg, and Russia 700 kg. Expect it to cost a small fortune if you're lucky enough to get your hands on some.
[11:34] {ese} hmmmmmmmmmm
[11:34] {dino} sm l perf .70
[11:35] {ese} would like to go with ya dino but }40 cent spread
[11:36] {ese} opps .08 now better
[11:36] {ese} nooooooo.....now 40 cents
[11:36] {ese} sorry 30
[11:36] {RonS} hooker spread...
[11:36] {Threei} 1:2
[11:36] {ese} oh oh....01
[11:36] {Threei} out in full
[11:37] {dino} lol
[11:38] {nemo} interesting spot for tna long
[11:39] {nemo} HOwever, I think they could bring it down to the WPP for bot SPY and IWM
[11:39] {ese} man perf is dn what.....almost 50% in 2 days
[11:39] {ese} talk about over kill
[11:39] {RonS} ...perf bought another company...$170 mil trans...
[11:40] {RonS} means they will be stinkin up the joint...
[11:40] {ese} oh......so really negative news then?
[11:41] {dino} lol
[11:41] {dino} perfume
[11:42] {Threei} argh
[11:42] {Threei} was thinking of IBM short on 184 break
[11:42] {Threei} don't know why I decided to refrain
[11:43] {RonS} omg hope nemo not on mibbet
[11:43] {Threei} why?
[11:44] {ese} my question exactly
[11:45] {RonS} phillipine mail order bride ad...
[11:46] {nemo} wtf?
[11:46] {Threei} think he is done with russian brides?
[11:46] {nemo} I've never been married
[11:47] {nemo} why?
[11:47] {JK13} Vad how I can dcc you
[11:47] {Threei} doubleclick on my nick
[11:47] {Threei} type in a new window that pops up
[11:49] {ese} ohhhhh keeeeee dohhh keeeee........not much said but conversation was intense........
[11:50] {ese} ron survives nemo's wrath........ok were fine........phew
[11:50] {nemo} I have a long memory
[11:50] {ese} i know..... iknow
[11:51] {ese} back to work.........question here is.......do I go for another c load of mgm? vad?
[11:52] {ese} the mrkt crystal ball says .....what?
[11:52] {Threei} nah
[11:52] {RonS} wish patience was here: http://www.dilbert.com/strips/2011-10-01/
[11:52] {ese} ok
[11:53] {dino} still in here ese, 1k
[11:53] {ese} how bout a dino sm........please please dad!!!!!!!!! can I can i.....huh?????
[11:53] {ese} mgm? dino
[11:54] {RonS} omg...the beard to challenge the O: Fed Chairman Ben Bernanke may double press briefings to improve understanding of policy changes
[11:54] {dino} y
[11:54] {ese} done.......i'm in .11
[11:55] {dino} just what we need, more briefings/noise
[11:55] {ese} 1 K
[11:55] {ese} ya.....everytime he opens his mouth.....the mrkt tanks
[11:56] {dino} y
[11:56] {ese} has that innate ability to drown in a parking lot puddle
[11:58] {ese} if someone were to question him about manual labour.......he's think they were talking about the president of Mexico for crying out loud
[11:58] {ese} he's
[11:58] {ese} he'd
[11:58] {RonS} hehe'd
[11:58] {ese} egzacctilly
[12:00] {ese} reminds me of doof whos standing at railroad crossing gates..........the arms are down....the lights are flashing........but that train just ain't comin!!!!!1
[12:01] {ese} as a matter of fact..........he's the type who'd put iodine on his pay check if he got a cut in pay.......
[12:02] {dino} lol
[12:02] {ese} would search wallmart for wheels for a mis-carriage
[12:03] {ese} you know the type...........
[12:03] {RonS} ese...classic: http://www.youtube.com/watch?v=nKf6hK6oBcg
[12:08] {thomcbell} bollinger band tighten on the 1 minute fcx Vad
[12:08] {thomcbell} 10 min ago
[12:10] {ese} wow........love Jeff Becks' playing.....thats a great tune
[12:10] {Threei} can`t tell anything here
[12:10] {Threei} a bit too random
[12:11] {dino} hitk sm l .72 ave
[12:13] {RonS} hey ese...did not know...is a curtis mayfield tune...http://en.wikipedia.org/wiki/People_Get_Ready_(song)
[12:15] {ese} actually didn't know that either......I have a recording of the Staple Singers doin it
[12:23] {Threei} Long Setup: FCX .60 break if stays above .50
[12:24] {Threei} let's do half lot, mostly because the odds are not too great at htis time of the day
[12:24] {JK13} :)
[12:29] {cipher} dino still in perf?
[12:30] {dino} y
[12:30] {cipher} what's your target?
[12:30] {dino} .30 area
[12:31] {cipher} i was thinking the same...
[12:31] {cipher} ty
[12:31] {cipher} i'm in @ .71
[12:32] {dino} issue is drops/spreads are wide
[12:32] {cipher} no kidding
[12:32] {cipher} pulp
[12:32] {dino} y
[12:32] {dino} "pulp moves baby" geo. costazza
[12:35] {ese} L mgm .13 avg .12 and a bit
[12:35] {Threei} 1:2, out FCX
[12:36] {JK13} thx Vad
[12:37] {Threei} :)
[12:40] {dino} out fcx .74, +.13
[12:40] {dino} ty vad
[12:40] {Threei} :)
[12:40] {Threei} did I say 1:2 earlier? that was 1:1 of course
[12:55] {Threei} (IT) Italy govt said to be considering raising toll road fees as a revenue raising measure - financial press
[13:00] {Threei} (EU) Some bankers and regulators are said to be unsettled about the possibility that European lenders are running low on collateral - financial press
[13:00] {ese} hoooo....hummmmmm mgm still hangin in there
[13:15] {thomcbell} wow bbby
[13:15] {ese} ohhhhhhh dino!!!!!!
[13:15] {thomcbell} looks interesting intraday
[13:17] {ese} the mgm movie is finally getting un boring
[13:18] {Threei} Ron Paul is leading in Iowa...
[13:26] {Threei} kill me now:
[13:26] {Threei} http://www.telegraph.co.uk/culture/art/8884829/Why-is-Andreas-Gurskys-Rhine-II-the-most-expensive-photograph.html
[13:26] {Threei} seriously?
[13:29] {RonS} ese can explain it...he's the artiste...
[13:30] {Threei} I will give my right hand to ax to anyone who can explain it to me
[13:31] {Threei} hell, ax my head off while at it too
[13:32] {Threei} lol, I like this comment:
[13:32] {Threei} "Does it come with several Ferraris?" offers an arts editor here. Well, that would make more sense, but no, not that we know of. "One can only assume the collector really likes stripes of green and gray," jokes SeattlePI.com.
[13:33] {nemo} o.k. off to try and kill something again
[13:33] {Threei} you just don't give up
[13:34] {nemo} season is over in 3 days...I'll have to give up then, or poach
[13:35] {nemo} wow, one of my subjective levels going back a ways, was the spy bottom today
[13:49] {RonS} dang...wish i knew this before christmas...Women who read romance novels have sex twice as often as those who don't.
[13:49] {RonS} lol...pulp moves baby...
[13:50] {dino} gs sm l .65
[13:51] {RonS} qotd: DMND trading higher on the rumor that there is a rumor
[13:54] {thomcbell} lvs break 42.78 vad
[13:57] {Threei} probably...
[13:57] {Threei} chart is right, time of the day is not
[13:58] {thomcbell} ok thanks
[14:01] {RonS} putin tries comedy: Putin promises fair election as ‘New Year’s gift’
[14:02] {Threei} I'd still take twitter as a present
[14:15] {dino} gs stop -.20
[14:20] {ese} ok....i've been looking at that photo now for about 5 min and this is what i've come up with........
[14:21] {ese} F..ked if I know!!!!!
[14:22] {ese} a c load of nothin as far as I can see
[14:22] {Threei} thank you
[14:23] {RonS} ...and here i heard if you stare into the abyss long enough that it stares back...
[14:23] {RonS} but i gues it's not nemo's empty bottle...
[14:24] {ese} yup and it answers to
[14:24] {RonS} :)
[14:24] {ese} something like
[14:25] {ese} if your stupid enough to pay 4.3 mil for that photo........your dumber than we think you are
[14:25] {ese} and.......
[14:26] {ese} theres a couple of us that want to sell you some real estate out here in the middle of the Juan di Fuca straight
[14:26] {ese} not to mention a bridge that goes along with it
[14:28] {ese} isn't this planet in some kind of recession right now? Feel free to correct if I'm wrong
[14:30] {RonS} ...always a bull market somewhere...food stamps...meaningless photos, etc...
[14:31] {ese} true isn't it
[14:31] {RonS} but apparently not perfume retail...
[14:31] {ese} by the way.........anyone here into tulips
[14:31] {ese} lol
[14:31] {RonS} perf...def of time in a bottle?
[14:32] {ese} hmmmmmmmm laughing at my own jokes.........bad sign
[14:32] {Threei} welcome to my world ese
[14:32] {ese} indeed
[14:32] {cc_8} haha
[14:32] {ese} be back in 20
[14:35] {Threei} comeon ese
[14:36] {Threei} it's not THAT funny that you need 20 min to luagh it away
[14:40] {RonS} not confirmed but....with less than 2 hours to go NYSE and Nasdaq are each 48% under their 3-mo avg turnover. Only 6.8 million options, which is 60% under avg
[14:42] {Threei} here are exact numbers:
[14:42] {Threei} NYSE volume 270M shares, about 45% below its three-month average; decliners lead advancers by 3.1:1. - NASDAQ volume 620M shares, about 44% below its three-month average; decliners lead advancers by 2.9:1.
[14:42] {Threei} as of 14:00
[14:42] {RonS} wonder why i think this is funny but lol...In conclusion...if 2011 taught us anything, it's that freaking out over every single headline is a very profitable investing strategy.
[14:43] {Threei} hehe
[14:43] {Threei} I like it
[14:44] {Threei} is it me or does it sound sccry:
[14:44] {Threei} scary
[14:44] {Threei} (US) Fed taskforce is said to be examining ways to curb repo market risk, reduce market dependency on JPMorgan and Bank of New York - FT
[14:44] {Threei} - Officials with knowledge of the tastk force highlight that a public sector body would be inclined to behave differently when under stress, and that a bank, in its desire for security or collateral could be tempted to behave badly
[14:47] {RonS} makes sense to me...why have a market that might act like a market...a financial poitburo is sooo much better
[14:47] {RonS} politburo
[14:47] {Threei} OK, not just me then
[14:48] {Threei} here is your, North Americans problem: we in USSR had where to immigrate - in North America. What are you going to do?
[14:49] {RonS} ...thinkin hari kiri...
[14:54] {RonS} the heck of it is that after the stuff hits the fan the socialists will turn into fascists the likes of which they only imagined ever existed
[14:55] {Threei} ... and rule for 70+ years
[14:55] {RonS} the precedents are there
[14:55] {RonS} wilson and the sedition acts
[14:55] {RonS} roosevelt and the camps
[14:56] {RonS} obama and the ascription of us citizens to gitmo
[14:59] {RonS} wow, only an hour to go...is my paint dry yet?
[14:59] {Threei} not any more than my grass has grown
[15:00] {RonS} hmmm, china rising? Samoa will skip over Dec. 30 as part of plan to move to western side of International Date Line
[15:11] {Threei} Long Setup: GLDS .40 break
[15:11] {Threei} smaller shares
[15:12] {pragmatic} GLD ?
[15:12] {Threei} stop under .30
[15:12] {Threei} GLD
[15:12] {Threei} fat fingers
[15:13] {Threei} nah
[15:15] {Threei} food photographers explaining his subject choice: I like things that don't talk back
[15:16] {Threei} wow
[15:16] {Threei} what just happened
[15:16] {RonS} guessing doesn't do beans...
[15:16] {Threei} lol
[15:25] {Threei} oh boy
[15:25] {Threei} (CN) China Govt has announced details of a future gas price mechanism; Will first be implemented in Guangdong and Guangxi provinces before being rolled out nationally - Chinese pressThe Details: - There will be different city gate prices for different provinces. - The new price mechanism will be based on "reference prices," and affordability in the individual province. - Pricing formula is 90% of the weighted average of imported fuel oil (40%) and imported LPG (60%) prices with adjustment for their heating value and 13% of VAT. - Base prices will be adjusted on a yearly basis to begin with, but will gradually move to quarterly.
[15:27] {Threei} when this house of cards falls apart...
[15:27] {Threei} the world will shudder
[15:37] {Threei} look at GLD daily
[15:37] {Threei} name for this chart is a "goldbug's nigtmare"
[15:38] {Threei} course readers will spot the short setup in Sept
[15:38] {rambler} power back on...
[15:38] {Threei} wind?
[15:38] {rambler} not sure
[15:39] {rambler} how great has the trading been?
[15:39] {Threei} we had some earlier, not big but probably stroneger in your area
[15:39] {Threei} morning was good, after that looooong period of boredom
[15:40] {dino} second that
[15:40] {RonS} took perf .48 ave to .90 +.42 thanks dino
[15:40] {Threei} nice
[15:41] {dino} gj
[15:41] {dino} i held thru that, but getting out shortly
[15:44] {Threei} How's that for a definition of super-thin trading:
[15:44] {Threei} - NYSE volume 360M shares, about 45% below its three-month average;
[15:44] {Threei} - NASDAQ volume 840M shares, about 44% below its three-month average
[15:45] {Threei} any money made this week should be framed and hung on the wall. Just sitting through the periods of boredom is nothing short of heroic
[15:52] {RonS} so, what do you think? .1% of pop have any idea what we do?
[15:52] {Threei} nah
[15:52] {RonS} w/ relatives and they think it is magic or alchemy
[15:52] {RonS} probably 100-1000 tops....
[15:53] {Threei} as long as wife beilieves you are a sci-fi writer, things are fine
[15:53] {RonS} rotflol
[15:53] {Threei} :)
[15:54] {Threei} "honey, Chtorrans came in through the chronoclastic infundibulum today and stole $100 bucks from me"
[15:55] {RonS} mean, in my case, in addition to being a schmuck...
[15:55] {RonS} oh well in my former live was a salesman and doughter grew up believing i did nothing...
[15:56] {Threei} see... not much to lose :)
[15:56] {RonS} now she is married to a consultant and has proof of real nothing...
[15:56] {Threei} lol
[15:56] {Threei} ironic eh
[15:57] {Threei} but hey... any schmuck who can spell chronoclastic infundibulum...
[15:57] {RonS} w/ fins no less...
[15:57] {Threei} right
[15:57] {Threei} and keyboard with 2/3 markings goine...
[15:57] {Threei} gone
[15:58] {Threei} I don;t know how I manage to do that, you'df think I have a sandpaper on my fingerti[s
[15:59] {Threei} Taoist Trader, 11 Trades and all the blog articles and room discussions of last 5 years are done on a keyboard with blind keys
[16:00] {Threei} thank you all
[16:00] {Threei} have a good evening, see you tomorrow
[16:00] {rambler} thanks Vad
Tuesday, December 27, 2011
Dec 27 2011
New course on chart pattern recognition is available now: http://www.realitytrader.com/111trades.html
100% winning and very boring day. Light holiday trading is still here (duh) but somehow the percentage of wins today was way beyond expected.
Session Time: Tue Dec 27 00:00:00 2011
[09:21] {JK13} gm everyone
[09:21] {Threei} Good morning
[09:22] {Threei} how was the weekend?
[09:22] {JK13} Very busy and lots of food
[09:22] {JK13} how about yours?
[09:22] {Threei} holiday of expanding waistlines, eh?
[09:22] {Threei} same
[09:23] {Threei} in a week I'll have to go on pure protein for a month or so, lol
[09:24] {JK13} very easy - do not eat for a week
[09:24] {JK13} just water an oatmeal
[09:24] {Threei} haha
[09:32] {Threei} Short Setup: FCX .20 break half lot
[09:32] {Threei} if stays under .30 of course
[09:33] {Threei} convincingly invalidated
[09:34] {Threei} Short Setup: RIMM .90 break
[09:36] {Threei} let's see if we can find FCX entry into bounce
[09:36] {Threei} if goes above .30, short recross with stop above .40
[09:37] {Threei} .20 short remains an option if consolidates or a min or two under .30
[09:38] {Threei} also, let's make RIMM two-sided seup with long trigger .95 break
[09:40] {Threei} OK FCX
[09:40] {Threei} .30 break short
[09:41] {Threei} RIMM half out
[09:41] {Threei} scalpers be happy
[09:41] {Threei} FCX another invalidation
[09:41] {Threei} so far things shape up for long trades
[09:42] {Threei} SLW looks quite weird though
[09:44] {Threei} Long Setup: FCX .40 break half lot
[09:44] {Threei} if stays above .30
[09:45] {Threei} aggressive entry for .45 trigger
[09:45] {Threei} changing to double bottom play
[09:45] {Threei} .30 break if holding above .20
[09:47] {Threei} target 1:2
[09:49] {thomcbell} aapl is abeast
[09:49] {Threei} trail stop to .24
[09:50] {Threei} 1:1
[09:50] {Threei} sheesh AAPL
[09:50] {Threei} rumors about Apple TV in early 2012
[09:53] {Threei} scalpers win on FCX
[09:55] {Threei} Long Setup: LVS .65 break
[09:56] {Threei} if stays above .55
[09:56] {Threei} invalidated, and let's wait out numbers at 10 now
[09:57] {Threei} - 10:00 (US) Dec Consumer Confidence: 58.0e v 56.0 prior
[09:57] {thomcbell} ups / fdx complex strong after initial weakness
[09:58] {Threei} - 10:00 (US) Dec Richmond Fed Manufacturing Index: 5.0e v 0.0 (flat) prior
[09:58] {Threei} wow FCX
[09:58] {Threei} that's much deeper dive than I expected
[09:59] {Threei} *(US) DEC RICHMOND FED MANUFACTURING INDEX: 3 V 5.0E
[10:00] {Threei} *(US) DEC CONSUMER CONFIDENCE: 64.5 V 58.6E
[10:01] {Threei} conflicting numbers
[10:01] {Threei} market is confused
[10:01] {Threei} go up, go down or shrug and go eat
[10:02] {Threei} really indecisive
[10:05] {Threei} Short Setup: FCX .10 break
[10:05] {Threei} if doesn't go over .20 anymore
[10:07] {Threei} if SPY break .80 will probably invalidate this play
[10:11] {Threei} 1:1
[10:12] {Threei} anyone is breathing?
[10:15] {Threei} probably not
[10:17] {cc_8} breathing here
[10:17] {Threei} cool
[10:19] {Threei} (US) Treasury forecasts debt to be within $100B of limit by the end of the week; Congress must take action on debt limit- Notes that President is now due to submit ceritfication to Congress for decision within 15 days - Debt limit will be automatically increased by $1.2T if congress chooses not to vote down the certification
[10:20] {Threei} endless saga
[10:20] {Threei} good boy FCX
[10:20] {Threei} out in full
[10:20] {Threei} 1:2
[10:21] {Threei} 3 for 3, or my math is wrong?
[10:22] {thomcbell} slw short entry after consolidation possibly
[10:23] {Threei} 29 trigger?
[10:23] {thomcbell} yes
[10:23] {Threei} me likey
[10:24] {thomcbell} u had one stop on fcx - 38.40 buy got stopped at 38.24
[10:24] {thomcbell} ;
[10:24] {thomcbell} ;(
[10:24] {thomcbell} 3-4
[10:24] {Threei} hmm?
[10:25] {Threei} that one was reca,librated for lower entry after invalidation
[10:25] {Threei} 09:45] {Threei} changing to double bottom play
[10:25] {Threei} [09:45] {Threei} .30 break if holding above .20
[10:26] {Threei} is it right, or I confuses something?
[10:27] {Threei} RIMM had much more in it
[10:29] {JK13} hard to believe
[10:29] {Threei} no kidding... I wouldn't feel comfortable holding it
[10:30] {Threei} *(US) DEC DALLAS FED MANUFACTURING ACTIVITY: -3.0 V 4.5E
[10:32] {thomcbell} i missed it and was stopped - boo
[10:32] {thomcbell} 3-3 for Vad
[10:32] {thomcbell} 0-1 Thomc
[10:32] {Threei} :(
[10:33] {Threei} if you see inval;idation, we most often cancel the play or look for different entry
[10:35] {rambler} goodmorning all
[10:35] {Threei} rambler!
[10:36] {Threei} welcome back
[10:36] {rambler} how goes the battle?
[10:36] {Threei} good so far
[10:36] {Threei} very thin holiday trading, pickings are slim
[10:36] {Threei} but we squeeze all we can out of it
[10:36] {rambler} good to finally get back at it....
[10:37] {dino} welcome back rambler
[10:37] {rambler} thanks Dino
[10:37] {Threei} hey dino
[10:37] {Threei} sneaked in quietly, lol
[10:38] {dino} yeah, running late, r.e. things again
[10:40] {Threei} Short Setup: FCX .85 break
[10:41] {Threei} stop above .95 of course
[10:43] {Threei} trail stop to .91
[10:43] {Threei} if SPY loses .60, we will be fine
[10:45] {Threei} here we go
[10:45] {Threei} 1:1
[10:45] {Threei} if partialing, half out and stop to .86
[10:45] {Threei} if scalping never mind me
[10:45] {Threei} (which you all do anyway)
[10:52] {thomcbell} slw 1:1
[10:53] {Threei} nice one
[10:54] {Threei} good find
[10:54] {Threei} thin or not, running at 100% so far today
[10:57] {Threei} chart is right from 111 trades course
[10:58] {Threei} which reminds me, 50% coupon runs out Dec 31
[10:58] {Threei} 30% for BVO guys too
[11:00] {thomcbell} where do I find the coupon
[11:00] {Threei} just a sec, I'll post it
[11:00] {thomcbell} I i covered 1/3 slw in this stall at 1:1
[11:02] {Threei} room members 50% ...........
[11:02] {Threei} BVO members 30 % ...........
[11:06] {thomcbell} FDX looks like a Dino entry
[11:06] {thomcbell} rinse down near support
[11:07] {dino} break of .65 sm l
[11:11] {Threei} SHLD, what a broken chart
[11:12] {cipher} dino fdx target?
[11:13] {dino} .03
[11:13] {cipher} out 1/2 +.20 thx
[11:14] {Threei} nice
[11:14] {dino} gj
[11:15] {Threei} folks who are still on holidays won't believe what we squeezed out of today
[11:15] {cipher} out in full +.29
[11:15] {thomcbell} slw 29.01 trailed stop here
[11:15] {Threei} Ron, is airing his grievances on this festivus day... ese is lazying it up somewhere up island... etc
[11:16] {dino} out .03, +.37
[11:16] {thomcbell} now dino would be out fdx
[11:16] {Threei} exactly target... nice one dino
[11:16] {cipher} wtg dino
[11:16] {dino} ty for heads up tbell
[11:16] {rambler} FDX...a thing of beauty...wtg
[11:17] {thomcbell} your welcome
[11:17] {cipher} thx thomcbell
[11:18] {cipher} s fdx .13
[11:19] {cipher} out +.13
[11:19] {thomcbell} beautiful cipher
[11:19] {cipher} got lucky shorted right before size showed up on ask
[11:20] {cipher} no guts to overstay this one
[11:30] {thomcbell} cleaning up slw here
[11:30] {thomcbell} no edge
[11:34] {Threei} I didn't really look into it... anyone paid attention to SHLD? is it general economy weakness, or someone eats their lunch?
[11:35] {Threei} Sears Domestic's quarter-to-date sales decline was primarily driven by the consumer electronics and home appliance categories, with more than half of the decline in Sears Domestic occurring in consumer electronics.
[11:38] {dino} someone eats their lunch.
[11:38] {Threei} any idea who?
[11:40] {dino} best buy, walmart, etc
[11:40] {dino} home dept on appliances
[11:40] {Threei} wow, really
[11:43] {Threei} as miserable as Fri volume was, today's so far on track to be even less, lol
[11:43] {dino} scanners dead
[12:02] {Threei} watching TNA for pullback entry
[12:02] {Threei} half lot
[12:02] {Threei} under .60
[12:03] {Threei} lol:
[12:03] {Threei} HEY STUPID IDIOTS WHO GOT TWITTER FOR CHRISTMAS: IT'S FREE!!!
[12:05] {cc_8} lol
[12:10] {Threei} no pullback
[12:10] {Threei} (US) President Obama to name two candidates to fill Federal Reserve board vacancies later today - financial press- Said to have selected former Bush Administration Treasury official Jerome Powell and Harvard professor Jeremy Stein.
[12:13] {Threei} what would we do without harvard professors running monetary policy
[12:13] {JK13} have more money
[12:13] {Threei} what a horrible concept eh
[12:14] {JK13} quintessence of life I guess :)
[12:14] {Threei} at least, life as seen from high above
[12:15] {Threei} where we are ants whose task is to sit down, shut up and eat whateer crumbles drop from the mountain top
[12:16] {JK13} any courses for alpinisme ?
[12:16] {Threei} lol
[12:17] {Threei} no, but dino's theory of picking up the money rolls you trip of while walking down the street fist
[12:17] {Threei} fits
[12:18] {Threei} Obama 47%, Gingrich 37%
[12:18] {Threei} I guess that sums it up... Romhey it is
[12:18] {Threei} Romney
[12:18] {JK13} horizontal alpinizm then. I like that as well
[12:19] {Threei} just need to deal with friction... if not for that, crawling would be favorite way to move around
[12:20] {Threei} easy to fall asleep wherever you feel like it, just stop moving
[12:24] {Threei} Long Setup: TZA .50 break
[12:24] {Threei} if stays above .45
[12:27] {Threei} recalibrate to .40 break
[12:28] {Threei} .34 stop, just a scalp most likely
[12:33] {Threei} half out .47; if scalping get out here
[12:43] {thomcbell} nke chart on daily very impressive
[12:51] {Threei} feel free to exit TZA in full here
[12:51] {Threei} I am out +.12
[13:56] {Threei} Research in Motion Ltd CNBC guest making positive comments; cites potential as takeover target given its patent portfolio
[14:22] {JK13} .
[14:29] {rambler} hey Vad,gotta run.Good first day back. Thanks all....
[14:29] {rambler} see you tomorrow
[14:29] {Threei} take care rambler
[14:34] {Threei} thomc, look dcc pls
[15:28] {Threei} the only trade I'd try today:
[15:28] {Threei} Short Setup: SLW .80 break
[15:29] {Threei} the thing is unusually weak, and there is a good chance for eod selloff
[15:45] {Threei} doesn't look like it's going to trigger
[15:46] {dino} calling it a day, gn all
[15:47] {Threei} take care dino
[15:47] {Threei} OK guys, let's call it aa day... a very good one if you are willing to sit through traditional afternoon boredom
[15:48] {Threei} thank you all, have a good evening
[15:48] {Threei} see you tomorrow
[15:50] {JK13} gn and thanks Vad
100% winning and very boring day. Light holiday trading is still here (duh) but somehow the percentage of wins today was way beyond expected.
Session Time: Tue Dec 27 00:00:00 2011
[09:21] {JK13} gm everyone
[09:21] {Threei} Good morning
[09:22] {Threei} how was the weekend?
[09:22] {JK13} Very busy and lots of food
[09:22] {JK13} how about yours?
[09:22] {Threei} holiday of expanding waistlines, eh?
[09:22] {Threei} same
[09:23] {Threei} in a week I'll have to go on pure protein for a month or so, lol
[09:24] {JK13} very easy - do not eat for a week
[09:24] {JK13} just water an oatmeal
[09:24] {Threei} haha
[09:32] {Threei} Short Setup: FCX .20 break half lot
[09:32] {Threei} if stays under .30 of course
[09:33] {Threei} convincingly invalidated
[09:34] {Threei} Short Setup: RIMM .90 break
[09:36] {Threei} let's see if we can find FCX entry into bounce
[09:36] {Threei} if goes above .30, short recross with stop above .40
[09:37] {Threei} .20 short remains an option if consolidates or a min or two under .30
[09:38] {Threei} also, let's make RIMM two-sided seup with long trigger .95 break
[09:40] {Threei} OK FCX
[09:40] {Threei} .30 break short
[09:41] {Threei} RIMM half out
[09:41] {Threei} scalpers be happy
[09:41] {Threei} FCX another invalidation
[09:41] {Threei} so far things shape up for long trades
[09:42] {Threei} SLW looks quite weird though
[09:44] {Threei} Long Setup: FCX .40 break half lot
[09:44] {Threei} if stays above .30
[09:45] {Threei} aggressive entry for .45 trigger
[09:45] {Threei} changing to double bottom play
[09:45] {Threei} .30 break if holding above .20
[09:47] {Threei} target 1:2
[09:49] {thomcbell} aapl is abeast
[09:49] {Threei} trail stop to .24
[09:50] {Threei} 1:1
[09:50] {Threei} sheesh AAPL
[09:50] {Threei} rumors about Apple TV in early 2012
[09:53] {Threei} scalpers win on FCX
[09:55] {Threei} Long Setup: LVS .65 break
[09:56] {Threei} if stays above .55
[09:56] {Threei} invalidated, and let's wait out numbers at 10 now
[09:57] {Threei} - 10:00 (US) Dec Consumer Confidence: 58.0e v 56.0 prior
[09:57] {thomcbell} ups / fdx complex strong after initial weakness
[09:58] {Threei} - 10:00 (US) Dec Richmond Fed Manufacturing Index: 5.0e v 0.0 (flat) prior
[09:58] {Threei} wow FCX
[09:58] {Threei} that's much deeper dive than I expected
[09:59] {Threei} *(US) DEC RICHMOND FED MANUFACTURING INDEX: 3 V 5.0E
[10:00] {Threei} *(US) DEC CONSUMER CONFIDENCE: 64.5 V 58.6E
[10:01] {Threei} conflicting numbers
[10:01] {Threei} market is confused
[10:01] {Threei} go up, go down or shrug and go eat
[10:02] {Threei} really indecisive
[10:05] {Threei} Short Setup: FCX .10 break
[10:05] {Threei} if doesn't go over .20 anymore
[10:07] {Threei} if SPY break .80 will probably invalidate this play
[10:11] {Threei} 1:1
[10:12] {Threei} anyone is breathing?
[10:15] {Threei} probably not
[10:17] {cc_8} breathing here
[10:17] {Threei} cool
[10:19] {Threei} (US) Treasury forecasts debt to be within $100B of limit by the end of the week; Congress must take action on debt limit- Notes that President is now due to submit ceritfication to Congress for decision within 15 days - Debt limit will be automatically increased by $1.2T if congress chooses not to vote down the certification
[10:20] {Threei} endless saga
[10:20] {Threei} good boy FCX
[10:20] {Threei} out in full
[10:20] {Threei} 1:2
[10:21] {Threei} 3 for 3, or my math is wrong?
[10:22] {thomcbell} slw short entry after consolidation possibly
[10:23] {Threei} 29 trigger?
[10:23] {thomcbell} yes
[10:23] {Threei} me likey
[10:24] {thomcbell} u had one stop on fcx - 38.40 buy got stopped at 38.24
[10:24] {thomcbell} ;
[10:24] {thomcbell} ;(
[10:24] {thomcbell} 3-4
[10:24] {Threei} hmm?
[10:25] {Threei} that one was reca,librated for lower entry after invalidation
[10:25] {Threei} 09:45] {Threei} changing to double bottom play
[10:25] {Threei} [09:45] {Threei} .30 break if holding above .20
[10:26] {Threei} is it right, or I confuses something?
[10:27] {Threei} RIMM had much more in it
[10:29] {JK13} hard to believe
[10:29] {Threei} no kidding... I wouldn't feel comfortable holding it
[10:30] {Threei} *(US) DEC DALLAS FED MANUFACTURING ACTIVITY: -3.0 V 4.5E
[10:32] {thomcbell} i missed it and was stopped - boo
[10:32] {thomcbell} 3-3 for Vad
[10:32] {thomcbell} 0-1 Thomc
[10:32] {Threei} :(
[10:33] {Threei} if you see inval;idation, we most often cancel the play or look for different entry
[10:35] {rambler} goodmorning all
[10:35] {Threei} rambler!
[10:36] {Threei} welcome back
[10:36] {rambler} how goes the battle?
[10:36] {Threei} good so far
[10:36] {Threei} very thin holiday trading, pickings are slim
[10:36] {Threei} but we squeeze all we can out of it
[10:36] {rambler} good to finally get back at it....
[10:37] {dino} welcome back rambler
[10:37] {rambler} thanks Dino
[10:37] {Threei} hey dino
[10:37] {Threei} sneaked in quietly, lol
[10:38] {dino} yeah, running late, r.e. things again
[10:40] {Threei} Short Setup: FCX .85 break
[10:41] {Threei} stop above .95 of course
[10:43] {Threei} trail stop to .91
[10:43] {Threei} if SPY loses .60, we will be fine
[10:45] {Threei} here we go
[10:45] {Threei} 1:1
[10:45] {Threei} if partialing, half out and stop to .86
[10:45] {Threei} if scalping never mind me
[10:45] {Threei} (which you all do anyway)
[10:52] {thomcbell} slw 1:1
[10:53] {Threei} nice one
[10:54] {Threei} good find
[10:54] {Threei} thin or not, running at 100% so far today
[10:57] {Threei} chart is right from 111 trades course
[10:58] {Threei} which reminds me, 50% coupon runs out Dec 31
[10:58] {Threei} 30% for BVO guys too
[11:00] {thomcbell} where do I find the coupon
[11:00] {Threei} just a sec, I'll post it
[11:00] {thomcbell} I i covered 1/3 slw in this stall at 1:1
[11:02] {Threei} room members 50% ...........
[11:02] {Threei} BVO members 30 % ...........
[11:06] {thomcbell} FDX looks like a Dino entry
[11:06] {thomcbell} rinse down near support
[11:07] {dino} break of .65 sm l
[11:11] {Threei} SHLD, what a broken chart
[11:12] {cipher} dino fdx target?
[11:13] {dino} .03
[11:13] {cipher} out 1/2 +.20 thx
[11:14] {Threei} nice
[11:14] {dino} gj
[11:15] {Threei} folks who are still on holidays won't believe what we squeezed out of today
[11:15] {cipher} out in full +.29
[11:15] {thomcbell} slw 29.01 trailed stop here
[11:15] {Threei} Ron, is airing his grievances on this festivus day... ese is lazying it up somewhere up island... etc
[11:16] {dino} out .03, +.37
[11:16] {thomcbell} now dino would be out fdx
[11:16] {Threei} exactly target... nice one dino
[11:16] {cipher} wtg dino
[11:16] {dino} ty for heads up tbell
[11:16] {rambler} FDX...a thing of beauty...wtg
[11:17] {thomcbell} your welcome
[11:17] {cipher} thx thomcbell
[11:18] {cipher} s fdx .13
[11:19] {cipher} out +.13
[11:19] {thomcbell} beautiful cipher
[11:19] {cipher} got lucky shorted right before size showed up on ask
[11:20] {cipher} no guts to overstay this one
[11:30] {thomcbell} cleaning up slw here
[11:30] {thomcbell} no edge
[11:34] {Threei} I didn't really look into it... anyone paid attention to SHLD? is it general economy weakness, or someone eats their lunch?
[11:35] {Threei} Sears Domestic's quarter-to-date sales decline was primarily driven by the consumer electronics and home appliance categories, with more than half of the decline in Sears Domestic occurring in consumer electronics.
[11:38] {dino} someone eats their lunch.
[11:38] {Threei} any idea who?
[11:40] {dino} best buy, walmart, etc
[11:40] {dino} home dept on appliances
[11:40] {Threei} wow, really
[11:43] {Threei} as miserable as Fri volume was, today's so far on track to be even less, lol
[11:43] {dino} scanners dead
[12:02] {Threei} watching TNA for pullback entry
[12:02] {Threei} half lot
[12:02] {Threei} under .60
[12:03] {Threei} lol:
[12:03] {Threei} HEY STUPID IDIOTS WHO GOT TWITTER FOR CHRISTMAS: IT'S FREE!!!
[12:05] {cc_8} lol
[12:10] {Threei} no pullback
[12:10] {Threei} (US) President Obama to name two candidates to fill Federal Reserve board vacancies later today - financial press- Said to have selected former Bush Administration Treasury official Jerome Powell and Harvard professor Jeremy Stein.
[12:13] {Threei} what would we do without harvard professors running monetary policy
[12:13] {JK13} have more money
[12:13] {Threei} what a horrible concept eh
[12:14] {JK13} quintessence of life I guess :)
[12:14] {Threei} at least, life as seen from high above
[12:15] {Threei} where we are ants whose task is to sit down, shut up and eat whateer crumbles drop from the mountain top
[12:16] {JK13} any courses for alpinisme ?
[12:16] {Threei} lol
[12:17] {Threei} no, but dino's theory of picking up the money rolls you trip of while walking down the street fist
[12:17] {Threei} fits
[12:18] {Threei} Obama 47%, Gingrich 37%
[12:18] {Threei} I guess that sums it up... Romhey it is
[12:18] {Threei} Romney
[12:18] {JK13} horizontal alpinizm then. I like that as well
[12:19] {Threei} just need to deal with friction... if not for that, crawling would be favorite way to move around
[12:20] {Threei} easy to fall asleep wherever you feel like it, just stop moving
[12:24] {Threei} Long Setup: TZA .50 break
[12:24] {Threei} if stays above .45
[12:27] {Threei} recalibrate to .40 break
[12:28] {Threei} .34 stop, just a scalp most likely
[12:33] {Threei} half out .47; if scalping get out here
[12:43] {thomcbell} nke chart on daily very impressive
[12:51] {Threei} feel free to exit TZA in full here
[12:51] {Threei} I am out +.12
[13:56] {Threei} Research in Motion Ltd CNBC guest making positive comments; cites potential as takeover target given its patent portfolio
[14:22] {JK13} .
[14:29] {rambler} hey Vad,gotta run.Good first day back. Thanks all....
[14:29] {rambler} see you tomorrow
[14:29] {Threei} take care rambler
[14:34] {Threei} thomc, look dcc pls
[15:28] {Threei} the only trade I'd try today:
[15:28] {Threei} Short Setup: SLW .80 break
[15:29] {Threei} the thing is unusually weak, and there is a good chance for eod selloff
[15:45] {Threei} doesn't look like it's going to trigger
[15:46] {dino} calling it a day, gn all
[15:47] {Threei} take care dino
[15:47] {Threei} OK guys, let's call it aa day... a very good one if you are willing to sit through traditional afternoon boredom
[15:48] {Threei} thank you all, have a good evening
[15:48] {Threei} see you tomorrow
[15:50] {JK13} gn and thanks Vad
Saturday, December 24, 2011
IWM/SPY EOW Xmas Vid
ATTENTION: new course on chart patterns is available now: http://www.realitytrader.com/111trades.html
Here are the levels for next week:
Here is the link:
http://www.freestockcharts.com?emailChartID=642ace62-5d30-43e1-a3cc-6300deb1f892
Here is a video on my quirky view on related action:
http://www.youtube.com/watch?v=Eot6jCDgCOc
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 levels for next week:
Here is the link:
http://www.freestockcharts.com?emailChartID=642ace62-5d30-43e1-a3cc-6300deb1f892
Here is a video on my quirky view on related action:
http://www.youtube.com/watch?v=Eot6jCDgCOc
And here is the blog link that explains the process:
http://tradinglog.realitytrader.com/2011/12/multi-time-frame-pivot-analysis.html
Friday, December 23, 2011
Market Week Wrap-up
ATTENTION: new course on chart patterns is available now: http://www.realitytrader.com/111trades.html
Market Week Wrap-up
- US and European equity indices bubbled higher this week in very thin pre-holiday trading conditions. Traders were happy to forget about the shortcomings of the European leaders' summit two weeks ago and focus rather on the launch of the ECB's shiny new three-year Long-Term Refinancing Operation (LTRO). Ahead of the LTRO on Wednesday, European data helped improve the tone of markets, with a better German IFO Survey and a strong Spanish bill auction buoying risk appetite. The three-year LTRO came off very well and seemed to calm fears about the euro zone in the short term. Still lurking in the background was S&P's much anticipated verdict on debt ratings of 15 euro zone countries. However, according to unconfirmed press reports out late in the week, European officials received "informal signals" from S&P that the agency will wait until January to render its decision. In the US, Congress squabbled all week long over a short-term extension of the payroll tax cut, only passing the measure after epic intramural political battles in the Republican party. Two sets of data out this week suggested that positive trends may be building in the US housing market. The December NAHB Housing Market survey beat expectations and hit its highest level since early 2009, marking the third consecutive rising month for the survey. The November housing starts and building permits both widely beat expectations and pushed out to their highest levels since the beginning of 2010. Interestingly single-family starts and permits both posted gains, whereas strength in past reports has been mostly in multi-family units. In Asia, markets were flat to down, softer in part due to the regional uncertainty that followed North Korea's announcement of the death of Kim Jong-Il. The BoJ's second consecutive reduction in its growth outlook and some bad housing data out of China last weekend also helped keep things subdued. For the week the DJIA rose 3.6%, the NASDAQ gained 2.5% and the S&P 500 increased 3.7%.
- On Wednesday the ECB's inaugural three-year LTRO allotted approx €490B in new liquidity for the dysfunctional European credit markets, matching the high end of most expectations. Note that there was some skeptical commentary about the official amount sold in the auction: SocGen wrote that when you net out the reduced amounts allotted in the ECB's main refi the day before, the three-month LTRO on Wednesday and recent moves out of the 12-month LTRO, the net new liquidity generated by the new LTRO was likely a mere €210B. There were also questions about where all the new liquidity would go, and comments by the Italian Bank Association (ABI) that it expected banks to reduce exposure to government debt under new EBA rules suggest one of the new destinations may not be European sovereign bonds. On Friday, the ECB indicated that European banks had parked an additional €82B in the ECB's deposit facility, which brought the cumulative total to a new 2011 record of €347B.
- On Monday shares of the largest US banks traded sharply lower on reports that the Fed would support rules requiring leading banks to hold additional capital as part of the proposals by Basel regulators. Under the rules, certain systemically important financial institutions (SIFIs) may have to hold 2.5% of extra capital in addition to the 7% base capital level (the additional surcharge is not expected to come into effect until 2016). Shares of the banks gained ground steadily through Friday after Monday's hiccup. In other sector news, troubled brokerage house Jefferies reported Q4 results on Tuesday. The firm's share price has suffered in recent months from fears about its sovereign exposure and leverage ratio, the issues that caused the collapse of MF Global. In its Q4 Jefferies' profit was well head of expectations, although the firm saw large y/y declines in both fixed income and investment banking revenues. On the conference call, executives said that the firm's trading business has returned to pre-November levels after being impacted by "misinformation." Shares of JEF traded up sharply after the report and sustained its gains all week, suggesting the company may have avoided the fate of MF Global.
- Tech names Oracle and Micron made big moves following quarterly earnings this week. Oracle, whose earnings are typically quite predictable, missed both profit and revenue expectations in its Q2 report. Executives blamed the elongation of sales cycles just as the quarter ended, particularly in the Americas and Europe, in addition to headwinds from the euro. Shares of ORCL dropped more than 10% on the news and had not recovered as of Friday. Quarterly losses at DRAM manufacturer Micron were considerably greater than expected. However executives commented that while the DRAM market is under a lot of pressure in general, Micron is faring better than competitors and has seen a mild uptick in the last few weeks in OEM contract pricing. They also said they expect an early spring recovery in the hard drive supply chain. On Thursday shares of MU traded up 15% on the brightening outlook.
- The deal news of the week was the implosion of the AT&T/T-Mobile merger, thanks to roadblocks thrown up by the FCC and the DoJ. In its investigation, the FCC determined that approving the merger would drastically reduce competition in most large markets. Following their poor Q3 showing last week, Research in Motion was subject to various takeover chatter, including reports of interest from Microsoft and Nokia, and Amazon. However some press reports indicated that takeover interest is waning due to RIM's declining US market share, and that Amazon may now be more inclined to expanding its commercial ties with RIM instead of pursuing an acquisition.
- FX markets were relatively calm this week and the year-end period saw pretty subdued trading. The euro garnered support from an oversubscribed Spanish bill auction on Tuesday, with yields back at more normalized levels. The ECB repo auction (LTRO) on Wednesday nudged the euro even higher, but the strength did not last. Markets saw the high take-up at the ECB auction as a good thing, assuming the funds were used to shore up banks' medium-term financing needs and their balance sheets, and might even encourage them to buy sovereign debt. However more than one analyst was unsettled by the sheer number of banks (over 500) participating in the auction. EUR/USD ticked up from lows on Monday around 1.3000 to test briefly as high as 1.3200, but the pair was back to around 1.3050 on Friday.
- EUR/CHF drifted around 1.22, still firmly above the SNB's 1.2000 floor. In its quarterly report, the SNB reiterated that it would maintain the EUR/CHF floor at 1.2000 and reiterated that it would be enforce the limit with "utmost determination." The yen was a touch weaker given the political uncertainty on the Korean Peninsula following the death of Kim Jong Il, but stayed contained well within its two-month trading range. USD/JPY drifted above the 78 handle by late Friday while EUR/JPY was straddling the 102 level.
- The Bank of Japan cut its economic assessment for the second straight meeting following disappointing Tankan manufacturing data last week. The BoJ has acknowledged a pause in economic activity in part due to the persisting strength of the Yen, but expressed optimism that a moderate recovery would return once overseas economies improve. Separately, the Japanese cabinet office formally cut its current fiscal year GDP forecast to -0.1% from +0.5% and next fiscal year to +2.2%. In Australia, RBA policy minutes revealed some trepidation to cut cash rates by 25bps for the second consecutive meeting, as members continue to see the mining boom sustaining domestic economic growth levels.
TradeTheNews
Market Week Wrap-up
- US and European equity indices bubbled higher this week in very thin pre-holiday trading conditions. Traders were happy to forget about the shortcomings of the European leaders' summit two weeks ago and focus rather on the launch of the ECB's shiny new three-year Long-Term Refinancing Operation (LTRO). Ahead of the LTRO on Wednesday, European data helped improve the tone of markets, with a better German IFO Survey and a strong Spanish bill auction buoying risk appetite. The three-year LTRO came off very well and seemed to calm fears about the euro zone in the short term. Still lurking in the background was S&P's much anticipated verdict on debt ratings of 15 euro zone countries. However, according to unconfirmed press reports out late in the week, European officials received "informal signals" from S&P that the agency will wait until January to render its decision. In the US, Congress squabbled all week long over a short-term extension of the payroll tax cut, only passing the measure after epic intramural political battles in the Republican party. Two sets of data out this week suggested that positive trends may be building in the US housing market. The December NAHB Housing Market survey beat expectations and hit its highest level since early 2009, marking the third consecutive rising month for the survey. The November housing starts and building permits both widely beat expectations and pushed out to their highest levels since the beginning of 2010. Interestingly single-family starts and permits both posted gains, whereas strength in past reports has been mostly in multi-family units. In Asia, markets were flat to down, softer in part due to the regional uncertainty that followed North Korea's announcement of the death of Kim Jong-Il. The BoJ's second consecutive reduction in its growth outlook and some bad housing data out of China last weekend also helped keep things subdued. For the week the DJIA rose 3.6%, the NASDAQ gained 2.5% and the S&P 500 increased 3.7%.
- On Wednesday the ECB's inaugural three-year LTRO allotted approx €490B in new liquidity for the dysfunctional European credit markets, matching the high end of most expectations. Note that there was some skeptical commentary about the official amount sold in the auction: SocGen wrote that when you net out the reduced amounts allotted in the ECB's main refi the day before, the three-month LTRO on Wednesday and recent moves out of the 12-month LTRO, the net new liquidity generated by the new LTRO was likely a mere €210B. There were also questions about where all the new liquidity would go, and comments by the Italian Bank Association (ABI) that it expected banks to reduce exposure to government debt under new EBA rules suggest one of the new destinations may not be European sovereign bonds. On Friday, the ECB indicated that European banks had parked an additional €82B in the ECB's deposit facility, which brought the cumulative total to a new 2011 record of €347B.
- On Monday shares of the largest US banks traded sharply lower on reports that the Fed would support rules requiring leading banks to hold additional capital as part of the proposals by Basel regulators. Under the rules, certain systemically important financial institutions (SIFIs) may have to hold 2.5% of extra capital in addition to the 7% base capital level (the additional surcharge is not expected to come into effect until 2016). Shares of the banks gained ground steadily through Friday after Monday's hiccup. In other sector news, troubled brokerage house Jefferies reported Q4 results on Tuesday. The firm's share price has suffered in recent months from fears about its sovereign exposure and leverage ratio, the issues that caused the collapse of MF Global. In its Q4 Jefferies' profit was well head of expectations, although the firm saw large y/y declines in both fixed income and investment banking revenues. On the conference call, executives said that the firm's trading business has returned to pre-November levels after being impacted by "misinformation." Shares of JEF traded up sharply after the report and sustained its gains all week, suggesting the company may have avoided the fate of MF Global.
- Tech names Oracle and Micron made big moves following quarterly earnings this week. Oracle, whose earnings are typically quite predictable, missed both profit and revenue expectations in its Q2 report. Executives blamed the elongation of sales cycles just as the quarter ended, particularly in the Americas and Europe, in addition to headwinds from the euro. Shares of ORCL dropped more than 10% on the news and had not recovered as of Friday. Quarterly losses at DRAM manufacturer Micron were considerably greater than expected. However executives commented that while the DRAM market is under a lot of pressure in general, Micron is faring better than competitors and has seen a mild uptick in the last few weeks in OEM contract pricing. They also said they expect an early spring recovery in the hard drive supply chain. On Thursday shares of MU traded up 15% on the brightening outlook.
- The deal news of the week was the implosion of the AT&T/T-Mobile merger, thanks to roadblocks thrown up by the FCC and the DoJ. In its investigation, the FCC determined that approving the merger would drastically reduce competition in most large markets. Following their poor Q3 showing last week, Research in Motion was subject to various takeover chatter, including reports of interest from Microsoft and Nokia, and Amazon. However some press reports indicated that takeover interest is waning due to RIM's declining US market share, and that Amazon may now be more inclined to expanding its commercial ties with RIM instead of pursuing an acquisition.
- FX markets were relatively calm this week and the year-end period saw pretty subdued trading. The euro garnered support from an oversubscribed Spanish bill auction on Tuesday, with yields back at more normalized levels. The ECB repo auction (LTRO) on Wednesday nudged the euro even higher, but the strength did not last. Markets saw the high take-up at the ECB auction as a good thing, assuming the funds were used to shore up banks' medium-term financing needs and their balance sheets, and might even encourage them to buy sovereign debt. However more than one analyst was unsettled by the sheer number of banks (over 500) participating in the auction. EUR/USD ticked up from lows on Monday around 1.3000 to test briefly as high as 1.3200, but the pair was back to around 1.3050 on Friday.
- EUR/CHF drifted around 1.22, still firmly above the SNB's 1.2000 floor. In its quarterly report, the SNB reiterated that it would maintain the EUR/CHF floor at 1.2000 and reiterated that it would be enforce the limit with "utmost determination." The yen was a touch weaker given the political uncertainty on the Korean Peninsula following the death of Kim Jong Il, but stayed contained well within its two-month trading range. USD/JPY drifted above the 78 handle by late Friday while EUR/JPY was straddling the 102 level.
- The Bank of Japan cut its economic assessment for the second straight meeting following disappointing Tankan manufacturing data last week. The BoJ has acknowledged a pause in economic activity in part due to the persisting strength of the Yen, but expressed optimism that a moderate recovery would return once overseas economies improve. Separately, the Japanese cabinet office formally cut its current fiscal year GDP forecast to -0.1% from +0.5% and next fiscal year to +2.2%. In Australia, RBA policy minutes revealed some trepidation to cut cash rates by 25bps for the second consecutive meeting, as members continue to see the mining boom sustaining domestic economic growth levels.
TradeTheNews
Thursday, December 22, 2011
Dec 22 2011
ATTENTION: new course on chart patterns is available now: http://www.realitytrader.com/111trades.html
Small profit day. Things worked for the most part but boredom worked to a greater degree.
Session Time: Thu Dec 22 00:00:00 2011
[09:11] {JK13} good morning
[09:11] {Threei} morning jk
[09:12] {Threei} I thought everyone's on strike, and forgot to tell me
[09:14] {swill} i don't know. morning
[09:14] {JK13} strange
[09:14] {Threei} hi swill
[09:14] {Threei} holidays...
[09:15] {swill} i'm hoping for gap down
[09:16] {JK13} europe is up for now
[09:16] {swill} oh well
[09:16] {Threei} there was a sharp drop at 8:39, no news to warrant it
[09:17] {Threei} overall, this thin trading is not very indicative of anything
[09:17] {Threei} even hard-boiled traders feel exhausted of this barrage of news and abnormal volatility, market becomes numb to another one, lol
[09:17] {Threei} I have to say, this is probably the most news-sensitive market I've ever seen
[09:18] {Threei} or more exact experession would probably be news=driven
[09:18] {JK13} Is this a sign og bottoming out?
[09:18] {Threei} remember the difference between two kinds of news?
[09:18] {Threei} no, not necessary
[09:19] {Threei} it's a sign of great uncertainty
[09:19] {Threei} reread the article about two kinds of news first, then I'll add to it
[09:20] {Threei} http://blog.realitytrader.com/2011/09/news-tradeem-or-fadeem.html
[09:20] {JK13} As per Daily Telegraph, Europe is in verge of QE
[09:21] {Threei} if that materializes, we are likely to see a big rally
[09:22] {Threei} whether it improves general economic situation or adds to the troubles is tottally different matter of course
[09:24] {JK13} GN, and be nimble and light
[09:25] {Threei} totally
[09:25] {Threei} see, when we deal with FSN, this is normal trading environment
[09:25] {Threei} laypeople have troubles with this concept,
[09:25] {Threei} but for traders it's like watyer for the fish
[09:26] {Threei} GN is introducing huge uncertainty,
[09:26] {Threei} instead of moving accoeding to streetsigns, traders have to wait for new temporary streetsigns to be erected
[09:27] {Threei} so iinstead of smooth flow we have lurching movements, stop-and-go
[09:27] {Threei} this is the best analogy I can think of
[09:28] {Threei} I guess I need to add to that article
[09:28] {JK13} understood
[09:31] {Threei} FCX
[09:31] {ese} jmorning
[09:31] {Threei} if bounces into .95 zone should be a short
[09:31] {Threei} ese :)
[09:32] {Threei} ugh... no bounce so far, dropping right out of the gate
[09:32] {Threei} will have to tgry to scalp a bounce I guess
[09:33] {Threei} Long Setup: FCX .65 break
[09:33] {Threei} if stays above .60
[09:33] {Threei} very tight
[09:33] {Threei} target .80 - .85
[09:35] {Threei} first exit .75
[09:35] {Threei} out in full
[09:35] {Threei} that was pleasant
[09:36] {JK13} tks Vad +.13
[09:36] {Threei} how often do you get first morning trade with 5 cents risk?
[09:36] {Threei} welcome
[09:36] {Threei} waitch for possible DB if dives into .60 - .65 zone again
[09:37] {ese} nice one vad......a watching akam
[09:37] {Threei} SLW another candidate for DB
[09:37] {Threei} if dives under .10 but holds 29
[09:37] {Threei} ty ese
[09:37] {ese} am watching.......
[09:38] {Threei} oh ese, do I have something entertaining to show you... look at AONE
[09:38] {Threei} AKAM eh...
[09:38] {ese} will in a minute
[09:38] {ese} ya looking for pullback
[09:39] {Threei} broke out instesad, and volatile like hell
[09:39] {Threei} QCOM
[09:39] {Threei} this thing looks ready tp be shorted
[09:39] {ese} spread is nuts
[09:39] {Threei} Short Setup: QCOM .20 break
[09:39] {Threei} if stays under .25
[09:40] {Threei} target .95
[09:42] {Threei} see how weakness starts showing up, stalling while market advances? Just needs market to downtick now
[09:42] {Threei} risk is minimal, reward is lucrative
[09:43] {ese} S sm akam .01
[09:43] {Threei} and here comes market help
[09:43] {Threei} first partial
[09:43] {Threei} stop to .21
[09:44] {Threei} scalpers win this one
[09:45] {Threei} another easy and pleasant trade
[09:45] {ese} out akam .03 -.02
[09:46] {ese} ahhhhhhhhhhh
[09:48] {Threei} two sided setup:
[09:48] {Threei} FCX .20 - .30
[09:48] {Threei} half lot this time
[09:50] {ese} AONE at a 1.68.......this is the brilliant CEO who on the day of the IPO announced he was going to dilute shares.....smooth move right
[09:50] {Threei} thought you'd remember that :)
[09:51] {Threei} I don't think performance of this POS is fully CEO's fault, but...
[09:52] {Threei} short it is
[09:53] {Threei} there was an article yesterday claiming that each Volt costs taxpayers 200-250K, through various subsidies and givt programs
[09:54] {ese} volt?
[09:54] {ese} battery volt?
[09:55] {Threei} *(US) DEC FINAL UNIVERSITY OF MICHIGAN CONFIDENCE: 69.9 V 68.0E
[09:55] {Threei} no go FCX
[09:55] {Threei} Chevy Volt
[09:55] {Threei} electric car by GM
[09:55] {ese} hmmmmmm.......i can see that
[09:56] {Threei} AONE was a part of that program initially
[09:57] {ese} I remember looking at their web site.......technology looked good......
[09:58] {ese} although during crash testing........batteries started on fire I think......
[09:58] {Threei} crash dummies refused to climb in the car
[09:59] {ese} rotflol
[09:59] {ese} that was a good one
[10:00] {Threei} *(US) OCT HOUSE PRICE INDEX M/M: -0.2% V 0.2%E
[10:06] {Threei} rinse FCX
[10:09] {Threei} Short Setup: SLW 29 break
[10:09] {Threei} that was fast... 1:1
[10:14] {ese} AKAM....ever batteryready
[10:15] {ese} ever ready battery
[10:18] {Threei} quick poll of financial advisors with a minimum of 15 years experience
[10:18] {Threei} A majority of advisors called 2011 �The Year of Volatility� or �The Year of Uncertainty�
[10:18] {Threei} A majority of advisors communicated with clients more frequently in 2011 than 2010
[10:18] {Threei} More than half of advisors said their clients� mindset was �apprehensive�
[10:18] {Threei} Majority of advisors are more worried about eurozone than US or China
[10:18] {Threei} Advisors were evenly divided on what kept them up at night: running the business, the markets and keeping clients happy
[10:18] {Threei} Only one-quarter of advisors said they slept well in 2011
[10:18] {Threei} 40 percent of firms grew by more than 10 percent in net new assets
[10:20] {ese} what was the poll for?
[10:20] {Threei} Short Setup: FCX .30 break half lot
[10:21] {Threei} financial advisors estimation of 2001
[10:21] {Threei} 2011
[10:21] {pragmatic} FCX ?
[10:22] {Threei} never mind, wrong stock
[10:22] {Threei} and invalidated anyway
[10:23] {pragmatic} how about FCX ss .38 ?
[10:23] {cipher} too much vodka this early? :-)
[10:23] {Threei} fingers type familiar symbols almost like a horse that knows the road home
[10:23] {pragmatic} nice
[10:23] {Threei} just the opposite cipher... not enough :)
[10:23] {cipher} lol
[10:23] {Threei} FCX looks good here
[10:23] {Threei} for 38 break short
[10:24] {Threei} nice kangaroo tail
[10:24] {Threei} half lot
[10:26] {Threei} no go
[10:26] {Threei} no news for this spike
[10:27] {Threei} spasmatic market
[10:28] {Threei} PIMCO forecasts 2012 world GDP growht at 1-1.5%; sees EMU entering a recession for 2012- Calls on the ECB to become the lender of last resort for the Eurozone; Eurozone economy cannot handle bank deleveraging sovereign debt issues simultaneously - Sees 2012 China GDP at 7%
[10:34] {Threei} two falase breaks on FCX, let's ry to adjust to it:
[10:34] {Threei} Long Setup: FCX 38 recross half lot
[10:35] {Threei} invalidated
[10:35] {Threei} oh, and in case you wondered:
[10:35] {Threei} no news for this sharp red bar
[10:37] {Threei} let's try .85 break
[10:37] {Threei} with stop under .80
[10:38] {Threei} target between .95 and 38
[10:40] {Threei} out of bounds print at .95?
[10:40] {Threei} I didn't see price actually going there
[10:41] {Threei} Short Setup: NVS .15 break
[10:41] {Threei} if stays under .25
[10:41] {Threei} just a scalp
[10:46] {Threei} nervous thin market
[10:47] {Threei} no go FCX... should have just taken it off above .90
[10:49] {JK13} tks Vad NVS +.10
[10:49] {Threei} :)
[10:49] {Threei} shorted it aggressively?
[10:49] {JK13} yes
[10:50] {JK13} in @ .20
[10:50] {cipher} me too sorry out @.10
[10:50] {Threei} gj
[10:50] {ese} well done gents
[10:58] {Threei} totally chaotic market movements
[10:58] {Threei} sharp down, sharp up
[10:58] {pragmatic} Xmas shopping
[11:25] {Threei} wow PHH
[11:29] {ese} ya no kidding.....dive dive dive.....as they say in the submarine world
[11:29] {ese} what was the news there
[11:30] {Threei} cut by rating agency, unsuccessful bond issuing
[11:34] {ese} still tanking......seems a little severe....but.....thats the way of the modern investor......panic til you puke
[11:34] {Threei} acts as if it goers out of business
[11:34] {ese} i'll say
[11:35] {Threei} halt candidate
[11:35] {ese} speaking of how things are goin......how was the markt yesterday......was playing but couldn't converse with you all....this computer was in the shop
[11:35] {Threei} not bad
[11:36] {Threei} not superstellar but profitable
[11:36] {ese} perfect.....as it should be
[11:37] {ese} you going anywhere for christmas.........siberia maybe for the real snowy christmas effect
[11:37] {Threei} lol
[11:38] {Threei} believe me, after 10 years of living in Winnipeg I've seen all the snow I ever need
[11:38] {Threei} for the next 30 years I need no single snowflake
[11:38] {ese} ya...been there...except for only 5 yrs
[11:38] {nemo} I'm waiting...
[11:38] {ese} for?
[11:39] {Threei} hello nemo,m we are glad to see you
[11:39] {ese} good morning by the way
[11:39] {nemo} thank you...nice to see you also, hope you're having a wonderful day
[11:40] {ese} ahhhh......ya win some......ya loose some......tried to read AMAM to no avail
[11:41] {nemo} Vad must have fainted
[11:41] {Threei} we did... then you came in
[11:41] {Threei} there... I am back!!
[11:41] {ese} lol
[11:41] {Threei} your turn
[11:42] {ese} what are you up to for christmas nemo?
[11:42] {nemo} drinking and writing...can't hunt on Sundays around here, else I'd be out trying to kill something
[11:43] {ese} way da minute....it's thursday
[11:43] {nemo} your point?
[11:44] {ese} you said you can't hunt on sundays
[11:44] {nemo} Oh geez...
[11:44] {ese} you could be ou there
[11:44] {nemo} frickin' musicians...
[11:44] {ese} lol
[11:44] {nemo} you asked me what I was doing for Christmas, which is on Sunday!!!
[11:44] {nemo} Just came back in
[11:45] {JK13} Vad , do you think NVS short at these levels?
[11:45] {ese} ohhhhhhhhhh.........i was drinkin on tuesday......still haven't recovered
[11:45] {ese} pardon moi miseur
[11:45] {nemo} this action looking potentially bull flaggish, however spy is at weekly R1
[11:46] {nemo} IWM the same
[11:46] {nemo} coincidence?
[11:47] {nemo} btw...weekly R1 coincides with the April 2010 high
[11:47] {ese} you saying weekly spyders lookin bullish?
[11:48] {ese} gotta break above 125 imo
[11:50] {Threei} not sujre JK...
[11:51] {Threei} the more I look at it the less I am sure
[11:51] {JK13} Thank you
[11:52] {dino} how goes it today/ still sidetracked on r.e.
[11:53] {Threei} back and forth...
[11:53] {Threei} a bit in the profit but nothing to write home about
[11:53] {dino} so not missing too much, huh
[11:54] {dino} then it was good timing on the r.e. stuff
[11:54] {dino} you want to hear something crazy?
[11:54] {nemo} from you?
[11:54] {dino} yes
[11:55] {nemo} ok, I'm sitting
[11:55] {dino} i just bought a 3 bedroom, 1150 sq ft house for 27k
[11:55] {JK13} where about Dino if I may ask
[11:55] {nemo} yeah, there are some unbelievable deals out there
[11:56] {dino} northern poconos, ne pa
[11:56] {nemo} $42k for a 2200 sq ft townhouse 25 miles south of Boston
[11:56] {dino} thing has two separate lots with the deal
[11:56] {dino} wow nemo
[11:57] {dino} at these levels i must go back into rental business
[11:57] {nemo} yeah, some of the short sales sneaking by are unbelievable...that's not the norm, but you can find them
[11:58] {dino} good starting point, realtystore.com, for foreclosures
[11:58] {Threei} seriosuly... good thing I was sitting
[11:58] {Threei} come to BC for a price shock
[11:59] {dino} crazy huh. in my area this house will rent at $900/month. it needs about 10k in fix up, but do the numbers
[11:59] {Threei} haven't checked in a while but I don't think you can find a house in victoria for under 300K
[12:00] {JK13} with Vancouver prices it is like reverse splitting 10:1
[12:01] {dino} years ago i had 10 rentals going, my rule of tghumb was you must do 20%. this baby will do 36%, time to start renting them again for 3-5 years
[12:01] {dino} the other rule i had was when a house cost less than average car, you buy the house
[12:02] {dino} opps, typo 25%
[12:03] {ese} congrats dino......is this still Philly area?
[12:03] {dino} no, 20 minutes from scranton
[12:04] {ese} hmmmmmm...ya got me...sheres that?
[12:04] {ese} wheres
[12:04] {ese} Ohio?
[12:04] {dino} northeast pa, the show "the office" is based on it
[12:05] {ese} pa? Pennslyvania
[12:05] {dino} y
[12:05] {ese} cool
[12:06] {ese} we rent out other house here for $2500.00
[12:06] {dino} wow
[12:07] {ese} mortgage is $300,000 assessment $820,000
[12:08] {dino} nice
[12:08] {ese} it's nuts
[12:08] {ese} property rich cash poor basically
[12:09] {dino} i understand that
[12:10] {ese} I want to remortgage it.....pull some equity out and golf Mertle Beach for 3 months
[12:10] {ese} like my wife will go for that ......by the way!
[12:10] {ese} oh well....one can dream
[12:11] {dino} you'd enjoy it, and so would she, it's a fun area
[12:11] {nemo} then you start the mortgage all over again
[12:12] {ese} yup
[12:12] {nemo} not a good idea
[12:12] {ese} ya figur
[12:13] {nemo} no, I said it because I hate the thought of you having a good time
[12:13] {dino} lol
[12:14] {ese} lol
[12:14] {Threei} NVS cvontinues climbinh, jk
[12:14] {nemo} GS too
[12:14] {JK13} I am watching it
[12:15] {ese} is JK on hide what he writes mode.......haven't seen anything he's written
[12:15] {nemo} you like to watch JK?
[12:15] {JK13} market wants to go up it seems
[12:15] {nemo} volume vacuum
[12:15] {ese} ahhhhhhh there you are
[12:15] {nemo} ?
[12:16] {ese} as Toni Turner says....."the market wants to go up....except when it doesn't"
[12:17] {ese} and conversely..."the market likes to go down....except when it doesn't"
[12:17] {dino} sort of like ghost busters, "where do those stairs go?" "up"
[12:17] {ese} lol
[12:17] {ese} yup
[12:17] {dino} showing my age on that one
[12:17] {nemo} joke among my hunter friends. "where are the deer?" "In the woods."
[12:17] {ese} and me for recognizing it
[12:18] {nemo} o.k. Stay puff...
[12:18] {ese} lol
[12:19] {dino} lol
[12:20] {ese} this conversation reminds me of some great conversation starters....like..."my don't the walls look perpendicular tonight"
[12:21] {ese} or......"went out yesterday and bought me some luxuries....fur covered sink.....electric dog polisher......
[12:21] {nemo} of course, you were saying that in a round room, right
[12:21] {ese} lol
[12:22] {nemo} did you put in a ceeeement pond in the back yard?
[12:22] {nemo} now THAT'S dating myself...
[12:22] {ese} and of course who can forget this luxury.......the underwater barbecue!!!
[12:22] {nemo} anybody get the reference?
[12:23] {ese} ya....Beverly Hillbillies?
[12:23] {nemo} this bottle of rum won't make it till Xmas
[12:23] {nemo} oh yeah, ur old, I forgot
[12:23] {ese} lol
[12:23] {nemo} Ellie Mae ain't lookin' so good these days
[12:24] {ese} ahhhhhh......is tere a recent picture?
[12:24] {nemo} within the last couple of years...google Donna Douglas...I think that was her name...can't believe I remember
[12:25] {ese} gonna do that right now
[12:43] {ese} hmmmmmm wonder why the movie career didn't take off.......I guess back in those days there was no cross over between movie and tv celebs
[12:43] {nemo} maybe she wasn't good enough on the casting couch
[12:45] {ese} hmmmmmm does pause one to wonder......she seems to have christian background
[12:45] {ese} ahhhhhh its a good life for her
[12:46] {nemo} that's the best anyone can hope for
[12:46] {ese} yup
[12:53] {ese} just reading about Max Baer Jr...Jethro
[12:53] {ese} degree in Business and Philosophy
[13:10] {ese} Those were good lives...Buddy Ebson, Nancy Kulp, Irene Ryan, Donna Douglas. and Max Baer jr......nothing like the over the top celeb stuff thats going on now....I remember watching the Beverly Hillbillies every week.......ya didn't want to miss it
[13:11] {ese} thats my bio reading for the day
[13:21] {Threei} One-in-Four Americans Prefers Reading on Electronic Device Like Kindle
[13:22] {Threei} I for one will feel sad about the end of actual paper books
[13:24] {Threei} judging by what various offials say over the last days, US is gearing up for military actions in Iran
[13:34] {ese} really......for crying out loud.....let isreal do it
[13:35] {Threei} that's one of the options
[13:35] {ese} "I'm mad at my jeans" thats his name right......needs to be slapped for sure but it's time to take a break
[13:36] {Threei} well, they feel they can't let him have nules
[13:36] {Threei} nukes
[13:37] {Threei} (EU) ECB's Bini Smaghi: Cannot see a reason why the ECB couldnt use quantitative easing if deemed necessary; Impact of the ECB's new liquidity measures will be felt gradually - FT interview- Euro Zone has no current need for QE because the ECB sees no risk of deflation. - The interest shown in the 3-year refi operation (LTRO) could be a sign that confidence is improving; will have to see if it helps to narrow spreads. - Reiterates that a euro zone breakup would be a disaster for everyone. - Euro bonds may not be the most efficient solution for Europe in the long run.
[13:37] {ese} Ahmadinejad........ya thats it......I like "I'm mad at my jeans better".....ya no for sure.....he's pretty stupid...can't really allow a goof like that to be in charge of anything major like nukes
[14:07] {Threei} NWSA Softbank is planning to liquidate JV with Myspace
[14:07] {Threei} Myspace still exists??
[14:08] {Threei} amazing.. superpopular thing went deserted overnight
[14:21] {JK13} .
[14:23] {Threei} interesting point
[14:24] {JK13} :)
[14:26] {ese} signing off all...cya tomorrow
[14:26] {Threei} take care ese, but please,
[14:26] {Threei} whatever you - do not invest your life savings in AONE
[14:27] {Threei} promise?
[14:27] {Threei} he decided to think it over till tomorrow
[14:49] {dino} lre crazy, another fjob halt
[14:49] {Threei} circuit breaker
[14:49] {Threei} don't see actual news
[15:15] {dino} calling it a week, merry xmas all
[15:15] {JK13} merry xmas Dino
[15:15] {Threei} taje care dino, merry christmas
[15:15] {Threei} see you tuesday?
[15:15] {Threei} you know Mon is day off
[15:16] {dino} yes
[15:17] {Threei} OK... some don't
[15:17] {Threei} then again, some try to talk in the room at 3 am and send resentful e-mails "why no one answers"
[15:18] {dino} :)
[15:24] {JK13} took FCX from .33 to .54
[15:24] {Threei} good it worked
[15:24] {Threei} I looked at it,
[15:25] {Threei} and was tempted,
[15:25] {Threei} then remembered how many times this kind of setup failed over last couple days
[15:25] {Threei} and decided not to push it
[15:25] {JK13} if you dont mind, what was the reason to not take it chart wise
[15:26] {Threei} chart was right
[15:26] {Threei} simply the fact that this kind of trades failed more oftebn than usually this week
[15:59] {Threei} thank you all, have a good evening, see you tomorrow
[16:01] {JK13} thanks Vad have a great evening
Small profit day. Things worked for the most part but boredom worked to a greater degree.
Session Time: Thu Dec 22 00:00:00 2011
[09:11] {JK13} good morning
[09:11] {Threei} morning jk
[09:12] {Threei} I thought everyone's on strike, and forgot to tell me
[09:14] {swill} i don't know. morning
[09:14] {JK13} strange
[09:14] {Threei} hi swill
[09:14] {Threei} holidays...
[09:15] {swill} i'm hoping for gap down
[09:16] {JK13} europe is up for now
[09:16] {swill} oh well
[09:16] {Threei} there was a sharp drop at 8:39, no news to warrant it
[09:17] {Threei} overall, this thin trading is not very indicative of anything
[09:17] {Threei} even hard-boiled traders feel exhausted of this barrage of news and abnormal volatility, market becomes numb to another one, lol
[09:17] {Threei} I have to say, this is probably the most news-sensitive market I've ever seen
[09:18] {Threei} or more exact experession would probably be news=driven
[09:18] {JK13} Is this a sign og bottoming out?
[09:18] {Threei} remember the difference between two kinds of news?
[09:18] {Threei} no, not necessary
[09:19] {Threei} it's a sign of great uncertainty
[09:19] {Threei} reread the article about two kinds of news first, then I'll add to it
[09:20] {Threei} http://blog.realitytrader.com/2011/09/news-tradeem-or-fadeem.html
[09:20] {JK13} As per Daily Telegraph, Europe is in verge of QE
[09:21] {Threei} if that materializes, we are likely to see a big rally
[09:22] {Threei} whether it improves general economic situation or adds to the troubles is tottally different matter of course
[09:24] {JK13} GN, and be nimble and light
[09:25] {Threei} totally
[09:25] {Threei} see, when we deal with FSN, this is normal trading environment
[09:25] {Threei} laypeople have troubles with this concept,
[09:25] {Threei} but for traders it's like watyer for the fish
[09:26] {Threei} GN is introducing huge uncertainty,
[09:26] {Threei} instead of moving accoeding to streetsigns, traders have to wait for new temporary streetsigns to be erected
[09:27] {Threei} so iinstead of smooth flow we have lurching movements, stop-and-go
[09:27] {Threei} this is the best analogy I can think of
[09:28] {Threei} I guess I need to add to that article
[09:28] {JK13} understood
[09:31] {Threei} FCX
[09:31] {ese} jmorning
[09:31] {Threei} if bounces into .95 zone should be a short
[09:31] {Threei} ese :)
[09:32] {Threei} ugh... no bounce so far, dropping right out of the gate
[09:32] {Threei} will have to tgry to scalp a bounce I guess
[09:33] {Threei} Long Setup: FCX .65 break
[09:33] {Threei} if stays above .60
[09:33] {Threei} very tight
[09:33] {Threei} target .80 - .85
[09:35] {Threei} first exit .75
[09:35] {Threei} out in full
[09:35] {Threei} that was pleasant
[09:36] {JK13} tks Vad +.13
[09:36] {Threei} how often do you get first morning trade with 5 cents risk?
[09:36] {Threei} welcome
[09:36] {Threei} waitch for possible DB if dives into .60 - .65 zone again
[09:37] {ese} nice one vad......a watching akam
[09:37] {Threei} SLW another candidate for DB
[09:37] {Threei} if dives under .10 but holds 29
[09:37] {Threei} ty ese
[09:37] {ese} am watching.......
[09:38] {Threei} oh ese, do I have something entertaining to show you... look at AONE
[09:38] {Threei} AKAM eh...
[09:38] {ese} will in a minute
[09:38] {ese} ya looking for pullback
[09:39] {Threei} broke out instesad, and volatile like hell
[09:39] {Threei} QCOM
[09:39] {Threei} this thing looks ready tp be shorted
[09:39] {ese} spread is nuts
[09:39] {Threei} Short Setup: QCOM .20 break
[09:39] {Threei} if stays under .25
[09:40] {Threei} target .95
[09:42] {Threei} see how weakness starts showing up, stalling while market advances? Just needs market to downtick now
[09:42] {Threei} risk is minimal, reward is lucrative
[09:43] {ese} S sm akam .01
[09:43] {Threei} and here comes market help
[09:43] {Threei} first partial
[09:43] {Threei} stop to .21
[09:44] {Threei} scalpers win this one
[09:45] {Threei} another easy and pleasant trade
[09:45] {ese} out akam .03 -.02
[09:46] {ese} ahhhhhhhhhhh
[09:48] {Threei} two sided setup:
[09:48] {Threei} FCX .20 - .30
[09:48] {Threei} half lot this time
[09:50] {ese} AONE at a 1.68.......this is the brilliant CEO who on the day of the IPO announced he was going to dilute shares.....smooth move right
[09:50] {Threei} thought you'd remember that :)
[09:51] {Threei} I don't think performance of this POS is fully CEO's fault, but...
[09:52] {Threei} short it is
[09:53] {Threei} there was an article yesterday claiming that each Volt costs taxpayers 200-250K, through various subsidies and givt programs
[09:54] {ese} volt?
[09:54] {ese} battery volt?
[09:55] {Threei} *(US) DEC FINAL UNIVERSITY OF MICHIGAN CONFIDENCE: 69.9 V 68.0E
[09:55] {Threei} no go FCX
[09:55] {Threei} Chevy Volt
[09:55] {Threei} electric car by GM
[09:55] {ese} hmmmmmm.......i can see that
[09:56] {Threei} AONE was a part of that program initially
[09:57] {ese} I remember looking at their web site.......technology looked good......
[09:58] {ese} although during crash testing........batteries started on fire I think......
[09:58] {Threei} crash dummies refused to climb in the car
[09:59] {ese} rotflol
[09:59] {ese} that was a good one
[10:00] {Threei} *(US) OCT HOUSE PRICE INDEX M/M: -0.2% V 0.2%E
[10:06] {Threei} rinse FCX
[10:09] {Threei} Short Setup: SLW 29 break
[10:09] {Threei} that was fast... 1:1
[10:14] {ese} AKAM....ever batteryready
[10:15] {ese} ever ready battery
[10:18] {Threei} quick poll of financial advisors with a minimum of 15 years experience
[10:18] {Threei} A majority of advisors called 2011 �The Year of Volatility� or �The Year of Uncertainty�
[10:18] {Threei} A majority of advisors communicated with clients more frequently in 2011 than 2010
[10:18] {Threei} More than half of advisors said their clients� mindset was �apprehensive�
[10:18] {Threei} Majority of advisors are more worried about eurozone than US or China
[10:18] {Threei} Advisors were evenly divided on what kept them up at night: running the business, the markets and keeping clients happy
[10:18] {Threei} Only one-quarter of advisors said they slept well in 2011
[10:18] {Threei} 40 percent of firms grew by more than 10 percent in net new assets
[10:20] {ese} what was the poll for?
[10:20] {Threei} Short Setup: FCX .30 break half lot
[10:21] {Threei} financial advisors estimation of 2001
[10:21] {Threei} 2011
[10:21] {pragmatic} FCX ?
[10:22] {Threei} never mind, wrong stock
[10:22] {Threei} and invalidated anyway
[10:23] {pragmatic} how about FCX ss .38 ?
[10:23] {cipher} too much vodka this early? :-)
[10:23] {Threei} fingers type familiar symbols almost like a horse that knows the road home
[10:23] {pragmatic} nice
[10:23] {Threei} just the opposite cipher... not enough :)
[10:23] {cipher} lol
[10:23] {Threei} FCX looks good here
[10:23] {Threei} for 38 break short
[10:24] {Threei} nice kangaroo tail
[10:24] {Threei} half lot
[10:26] {Threei} no go
[10:26] {Threei} no news for this spike
[10:27] {Threei} spasmatic market
[10:28] {Threei} PIMCO forecasts 2012 world GDP growht at 1-1.5%; sees EMU entering a recession for 2012- Calls on the ECB to become the lender of last resort for the Eurozone; Eurozone economy cannot handle bank deleveraging sovereign debt issues simultaneously - Sees 2012 China GDP at 7%
[10:34] {Threei} two falase breaks on FCX, let's ry to adjust to it:
[10:34] {Threei} Long Setup: FCX 38 recross half lot
[10:35] {Threei} invalidated
[10:35] {Threei} oh, and in case you wondered:
[10:35] {Threei} no news for this sharp red bar
[10:37] {Threei} let's try .85 break
[10:37] {Threei} with stop under .80
[10:38] {Threei} target between .95 and 38
[10:40] {Threei} out of bounds print at .95?
[10:40] {Threei} I didn't see price actually going there
[10:41] {Threei} Short Setup: NVS .15 break
[10:41] {Threei} if stays under .25
[10:41] {Threei} just a scalp
[10:46] {Threei} nervous thin market
[10:47] {Threei} no go FCX... should have just taken it off above .90
[10:49] {JK13} tks Vad NVS +.10
[10:49] {Threei} :)
[10:49] {Threei} shorted it aggressively?
[10:49] {JK13} yes
[10:50] {JK13} in @ .20
[10:50] {cipher} me too sorry out @.10
[10:50] {Threei} gj
[10:50] {ese} well done gents
[10:58] {Threei} totally chaotic market movements
[10:58] {Threei} sharp down, sharp up
[10:58] {pragmatic} Xmas shopping
[11:25] {Threei} wow PHH
[11:29] {ese} ya no kidding.....dive dive dive.....as they say in the submarine world
[11:29] {ese} what was the news there
[11:30] {Threei} cut by rating agency, unsuccessful bond issuing
[11:34] {ese} still tanking......seems a little severe....but.....thats the way of the modern investor......panic til you puke
[11:34] {Threei} acts as if it goers out of business
[11:34] {ese} i'll say
[11:35] {Threei} halt candidate
[11:35] {ese} speaking of how things are goin......how was the markt yesterday......was playing but couldn't converse with you all....this computer was in the shop
[11:35] {Threei} not bad
[11:36] {Threei} not superstellar but profitable
[11:36] {ese} perfect.....as it should be
[11:37] {ese} you going anywhere for christmas.........siberia maybe for the real snowy christmas effect
[11:37] {Threei} lol
[11:38] {Threei} believe me, after 10 years of living in Winnipeg I've seen all the snow I ever need
[11:38] {Threei} for the next 30 years I need no single snowflake
[11:38] {ese} ya...been there...except for only 5 yrs
[11:38] {nemo} I'm waiting...
[11:38] {ese} for?
[11:39] {Threei} hello nemo,m we are glad to see you
[11:39] {ese} good morning by the way
[11:39] {nemo} thank you...nice to see you also, hope you're having a wonderful day
[11:40] {ese} ahhhh......ya win some......ya loose some......tried to read AMAM to no avail
[11:41] {nemo} Vad must have fainted
[11:41] {Threei} we did... then you came in
[11:41] {Threei} there... I am back!!
[11:41] {ese} lol
[11:41] {Threei} your turn
[11:42] {ese} what are you up to for christmas nemo?
[11:42] {nemo} drinking and writing...can't hunt on Sundays around here, else I'd be out trying to kill something
[11:43] {ese} way da minute....it's thursday
[11:43] {nemo} your point?
[11:44] {ese} you said you can't hunt on sundays
[11:44] {nemo} Oh geez...
[11:44] {ese} you could be ou there
[11:44] {nemo} frickin' musicians...
[11:44] {ese} lol
[11:44] {nemo} you asked me what I was doing for Christmas, which is on Sunday!!!
[11:44] {nemo} Just came back in
[11:45] {JK13} Vad , do you think NVS short at these levels?
[11:45] {ese} ohhhhhhhhhh.........i was drinkin on tuesday......still haven't recovered
[11:45] {ese} pardon moi miseur
[11:45] {nemo} this action looking potentially bull flaggish, however spy is at weekly R1
[11:46] {nemo} IWM the same
[11:46] {nemo} coincidence?
[11:47] {nemo} btw...weekly R1 coincides with the April 2010 high
[11:47] {ese} you saying weekly spyders lookin bullish?
[11:48] {ese} gotta break above 125 imo
[11:50] {Threei} not sujre JK...
[11:51] {Threei} the more I look at it the less I am sure
[11:51] {JK13} Thank you
[11:52] {dino} how goes it today/ still sidetracked on r.e.
[11:53] {Threei} back and forth...
[11:53] {Threei} a bit in the profit but nothing to write home about
[11:53] {dino} so not missing too much, huh
[11:54] {dino} then it was good timing on the r.e. stuff
[11:54] {dino} you want to hear something crazy?
[11:54] {nemo} from you?
[11:54] {dino} yes
[11:55] {nemo} ok, I'm sitting
[11:55] {dino} i just bought a 3 bedroom, 1150 sq ft house for 27k
[11:55] {JK13} where about Dino if I may ask
[11:55] {nemo} yeah, there are some unbelievable deals out there
[11:56] {dino} northern poconos, ne pa
[11:56] {nemo} $42k for a 2200 sq ft townhouse 25 miles south of Boston
[11:56] {dino} thing has two separate lots with the deal
[11:56] {dino} wow nemo
[11:57] {dino} at these levels i must go back into rental business
[11:57] {nemo} yeah, some of the short sales sneaking by are unbelievable...that's not the norm, but you can find them
[11:58] {dino} good starting point, realtystore.com, for foreclosures
[11:58] {Threei} seriosuly... good thing I was sitting
[11:58] {Threei} come to BC for a price shock
[11:59] {dino} crazy huh. in my area this house will rent at $900/month. it needs about 10k in fix up, but do the numbers
[11:59] {Threei} haven't checked in a while but I don't think you can find a house in victoria for under 300K
[12:00] {JK13} with Vancouver prices it is like reverse splitting 10:1
[12:01] {dino} years ago i had 10 rentals going, my rule of tghumb was you must do 20%. this baby will do 36%, time to start renting them again for 3-5 years
[12:01] {dino} the other rule i had was when a house cost less than average car, you buy the house
[12:02] {dino} opps, typo 25%
[12:03] {ese} congrats dino......is this still Philly area?
[12:03] {dino} no, 20 minutes from scranton
[12:04] {ese} hmmmmmm...ya got me...sheres that?
[12:04] {ese} wheres
[12:04] {ese} Ohio?
[12:04] {dino} northeast pa, the show "the office" is based on it
[12:05] {ese} pa? Pennslyvania
[12:05] {dino} y
[12:05] {ese} cool
[12:06] {ese} we rent out other house here for $2500.00
[12:06] {dino} wow
[12:07] {ese} mortgage is $300,000 assessment $820,000
[12:08] {dino} nice
[12:08] {ese} it's nuts
[12:08] {ese} property rich cash poor basically
[12:09] {dino} i understand that
[12:10] {ese} I want to remortgage it.....pull some equity out and golf Mertle Beach for 3 months
[12:10] {ese} like my wife will go for that ......by the way!
[12:10] {ese} oh well....one can dream
[12:11] {dino} you'd enjoy it, and so would she, it's a fun area
[12:11] {nemo} then you start the mortgage all over again
[12:12] {ese} yup
[12:12] {nemo} not a good idea
[12:12] {ese} ya figur
[12:13] {nemo} no, I said it because I hate the thought of you having a good time
[12:13] {dino} lol
[12:14] {ese} lol
[12:14] {Threei} NVS cvontinues climbinh, jk
[12:14] {nemo} GS too
[12:14] {JK13} I am watching it
[12:15] {ese} is JK on hide what he writes mode.......haven't seen anything he's written
[12:15] {nemo} you like to watch JK?
[12:15] {JK13} market wants to go up it seems
[12:15] {nemo} volume vacuum
[12:15] {ese} ahhhhhhh there you are
[12:15] {nemo} ?
[12:16] {ese} as Toni Turner says....."the market wants to go up....except when it doesn't"
[12:17] {ese} and conversely..."the market likes to go down....except when it doesn't"
[12:17] {dino} sort of like ghost busters, "where do those stairs go?" "up"
[12:17] {ese} lol
[12:17] {ese} yup
[12:17] {dino} showing my age on that one
[12:17] {nemo} joke among my hunter friends. "where are the deer?" "In the woods."
[12:17] {ese} and me for recognizing it
[12:18] {nemo} o.k. Stay puff...
[12:18] {ese} lol
[12:19] {dino} lol
[12:20] {ese} this conversation reminds me of some great conversation starters....like..."my don't the walls look perpendicular tonight"
[12:21] {ese} or......"went out yesterday and bought me some luxuries....fur covered sink.....electric dog polisher......
[12:21] {nemo} of course, you were saying that in a round room, right
[12:21] {ese} lol
[12:22] {nemo} did you put in a ceeeement pond in the back yard?
[12:22] {nemo} now THAT'S dating myself...
[12:22] {ese} and of course who can forget this luxury.......the underwater barbecue!!!
[12:22] {nemo} anybody get the reference?
[12:23] {ese} ya....Beverly Hillbillies?
[12:23] {nemo} this bottle of rum won't make it till Xmas
[12:23] {nemo} oh yeah, ur old, I forgot
[12:23] {ese} lol
[12:23] {nemo} Ellie Mae ain't lookin' so good these days
[12:24] {ese} ahhhhhh......is tere a recent picture?
[12:24] {nemo} within the last couple of years...google Donna Douglas...I think that was her name...can't believe I remember
[12:25] {ese} gonna do that right now
[12:43] {ese} hmmmmmm wonder why the movie career didn't take off.......I guess back in those days there was no cross over between movie and tv celebs
[12:43] {nemo} maybe she wasn't good enough on the casting couch
[12:45] {ese} hmmmmmm does pause one to wonder......she seems to have christian background
[12:45] {ese} ahhhhhh its a good life for her
[12:46] {nemo} that's the best anyone can hope for
[12:46] {ese} yup
[12:53] {ese} just reading about Max Baer Jr...Jethro
[12:53] {ese} degree in Business and Philosophy
[13:10] {ese} Those were good lives...Buddy Ebson, Nancy Kulp, Irene Ryan, Donna Douglas. and Max Baer jr......nothing like the over the top celeb stuff thats going on now....I remember watching the Beverly Hillbillies every week.......ya didn't want to miss it
[13:11] {ese} thats my bio reading for the day
[13:21] {Threei} One-in-Four Americans Prefers Reading on Electronic Device Like Kindle
[13:22] {Threei} I for one will feel sad about the end of actual paper books
[13:24] {Threei} judging by what various offials say over the last days, US is gearing up for military actions in Iran
[13:34] {ese} really......for crying out loud.....let isreal do it
[13:35] {Threei} that's one of the options
[13:35] {ese} "I'm mad at my jeans" thats his name right......needs to be slapped for sure but it's time to take a break
[13:36] {Threei} well, they feel they can't let him have nules
[13:36] {Threei} nukes
[13:37] {Threei} (EU) ECB's Bini Smaghi: Cannot see a reason why the ECB couldnt use quantitative easing if deemed necessary; Impact of the ECB's new liquidity measures will be felt gradually - FT interview- Euro Zone has no current need for QE because the ECB sees no risk of deflation. - The interest shown in the 3-year refi operation (LTRO) could be a sign that confidence is improving; will have to see if it helps to narrow spreads. - Reiterates that a euro zone breakup would be a disaster for everyone. - Euro bonds may not be the most efficient solution for Europe in the long run.
[13:37] {ese} Ahmadinejad........ya thats it......I like "I'm mad at my jeans better".....ya no for sure.....he's pretty stupid...can't really allow a goof like that to be in charge of anything major like nukes
[14:07] {Threei} NWSA Softbank is planning to liquidate JV with Myspace
[14:07] {Threei} Myspace still exists??
[14:08] {Threei} amazing.. superpopular thing went deserted overnight
[14:21] {JK13} .
[14:23] {Threei} interesting point
[14:24] {JK13} :)
[14:26] {ese} signing off all...cya tomorrow
[14:26] {Threei} take care ese, but please,
[14:26] {Threei} whatever you - do not invest your life savings in AONE
[14:27] {Threei} promise?
[14:27] {Threei} he decided to think it over till tomorrow
[14:49] {dino} lre crazy, another fjob halt
[14:49] {Threei} circuit breaker
[14:49] {Threei} don't see actual news
[15:15] {dino} calling it a week, merry xmas all
[15:15] {JK13} merry xmas Dino
[15:15] {Threei} taje care dino, merry christmas
[15:15] {Threei} see you tuesday?
[15:15] {Threei} you know Mon is day off
[15:16] {dino} yes
[15:17] {Threei} OK... some don't
[15:17] {Threei} then again, some try to talk in the room at 3 am and send resentful e-mails "why no one answers"
[15:18] {dino} :)
[15:24] {JK13} took FCX from .33 to .54
[15:24] {Threei} good it worked
[15:24] {Threei} I looked at it,
[15:25] {Threei} and was tempted,
[15:25] {Threei} then remembered how many times this kind of setup failed over last couple days
[15:25] {Threei} and decided not to push it
[15:25] {JK13} if you dont mind, what was the reason to not take it chart wise
[15:26] {Threei} chart was right
[15:26] {Threei} simply the fact that this kind of trades failed more oftebn than usually this week
[15:59] {Threei} thank you all, have a good evening, see you tomorrow
[16:01] {JK13} thanks Vad have a great evening
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