Nov 27 2009

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Short session worked out for us with three nice and easy scalps: QLTI long, FAZ long, FAZ short... Relaxed way to finish the week and go into weekend.

Session Time: Fri Nov 27 00:00:00 2009

[08:19] {BillyD} GM all

[08:34] {strider} anybody awake?

[08:34] {BillyD} here S

[08:36] {strider} Hi billy

[08:37] {strider} fxp

[08:37] {strider} sorry..wrong keyboard

[08:44] {Les} morning.

[08:45] {Les} or afternoon, depending on your persuasion

[08:47] {Les} so, not such a boring day after all...

[08:50] {Threei} Good morning

[08:51] {Threei} BLTXX UPDATE: Baltic Dry Bulk Index: drops 3.5% (6th straight decline)

[08:51] {strider} morning vad........erp

[08:51] {Threei} wow, 3.5

[08:51] {Threei} strider :)

[08:51] {Threei} JP) Japan Strategy Min: Japanese govt and BoJ will deal with the yen currency together

[08:51] {Threei} - says BoJ recognizes Japanese deflation and knows what to do about it

[08:51] {Threei} good for them

[08:51] {Threei} noone else does

[08:52] {Threei} (FR) France PM Fillon: Resources in Dubai region will ensure problems do not become a second crisis; current issue in Dubai is a continuation of old issues

[08:52] {Threei} (GE) Germany Bundesbank Exec: Economy will 'barely' grow after the year 2020

[08:52] {Threei} hmmm

[08:53] {Threei} what is it going to do between now and then ?

[08:53] {fernp} Good morning everybody

[08:53] {Threei} fern :)

[08:53] {Threei} USD/UAH (UA) Ukraine Dept Central Banker: Could purchase USD in efforts to avoid volatile currency gains

[08:54] {Threei} beautiful... their buying of all of 6 dollars they can buy will rwally support USD

[08:54] {Les} well they can siphon off Russian gas illegally to buy US dollars?

[08:55] {Threei} yes, that may lift their purchasing power to $6.72

[08:55] {Threei} IA) IAEA Envoy: Patience is running low with Iran; cannot continue repeated rounds of unsubstantiated talks

[08:56] {Threei} US) Retail Analyst Dana Telsey: Forecasts holiday sales "flat to slightly up" this year -CNBC

[08:56] {Threei} - Notes that "Black Friday" sets the tone for the holidays

[08:56] {Threei} (IA) Iran says UN resolution jeopardizes condusive environment for discussions

[08:56] {Threei} - Iran will reduce 'goodwill gestures' with IAEA inspectors; studying other options for Tehran research reactor

[08:57] {Les} hmm Ukraine looks like good value in curreny exchange. Anything you can suggest we should go see in Ukraine?

[09:01] {Threei} well... Kiev is a nice city, some of ancient monasteries

[09:02] {Threei} famous Kiev-Pecher Lavra

[09:03] {Les} ouch. the flights aren't cheap though...

[09:04] {Les} bloody european airlines, charge an arm and a leg

[09:04] {Threei} you are kidding

[09:04] {Les} Ukraine got an airline?

[09:04] {Threei} in Canada it's a common knowledge that ours are the most expensive, and Europian ones are cited as example of cheap onwe

[09:04] {Les} ha

[09:05] {Threei} they do

[09:05] {Les} I want to travel to the US, if naught else you can get good flight deals with the US airline industry

[09:05] {Les} during off peak periods

[09:05] {Threei} US used to be cheap

[09:05] {Les} waiting for $ to go somewhat lower

[09:06] {Threei} not anymore, there are a lot of fees and charges for every sneeze

[09:06] {Les} common pheonomena here as well

[09:06] {Les} how do you look at today's opening?

[09:06] {Les} PPT markup coming?

[09:06] {Threei} with passing interest

[09:06] {Les} or big selloff?

[09:06] {Threei} why PPT?

[09:07] {Threei} I mean, is there buying that is not of PPT making?

[09:07] {Threei} or any time market gets bought it must be PPT?

[09:09] {Les} thinking more along lines of maintaining confidence

[09:09] {Threei} just interesting how everyone thinks PPT is capable of anything

[09:10] {Threei} and attributes to it any time dropping market gets bought

[09:10] {Threei} if they really had such overarching powers, how come we got such a brutal selloff a year ago?

[09:10] {Threei} destroying confidence, capital, lifes

[09:11] {Les} 'cause they don't have power of god

[09:12] {Les} buy we do know how to cover our bottoms when the *%it hits the fan

[09:12] {Les} and as we see in Dubai, we're still covering our bottoms

[09:12] {Threei} wasn't last fall the crucial time to cover those bottoms?

[09:12] {Threei} I don't even know what the big deal about Dubai is

[09:13] {Threei} extravagant real estate projects that were questionable even at best times

[09:13] {Threei} blow up in bad times

[09:13] {Threei} not really big financial scaleww

[09:13] {Threei} what is it, 60B?

[09:14] {Threei} I see it this way:

[09:14] {Threei} this Dubai thing is either and excuse to finally start the descent

[09:14] {Threei} or just a trap for bears that see a glim of hope

[09:15] {Les} a trigger or a trap?

[09:15] {Les} hmmm ok

[09:15] {Threei} no one at this point know which it is

[09:15] {bkhmd} gm all

[09:15] {Threei} bkh :)

[09:15] {Les} hey bk

[09:16] {bkhmd} stalking anything?

[09:16] {ese} morning

[09:16] {Threei} ese :)

[09:17] {Les} ese

[09:17] {Threei} thinking of shorting financials into bounce

[09:17] {Threei} WFC is one of those

[09:17] {fernp} PCU, OGE and SPH nice C&H on daily fwiw

[09:17] {ese} les

[09:17] {Threei} FAZ on watch

[09:18] {ese} whats up with the mkt vad.....don't see any news

[09:19] {larisa} gm :)

[09:20] {ese} larisa

[09:20] {Threei} larisa :)

[09:20] {Threei} Dubai ese

[09:20] {larisa} ese, vad :)

[09:20] {Threei} was all over the news yesterday

[09:20] {ese} what happened there......

[09:20] {ese} don't get tv or the news

[09:21] {Threei} dfeault on debt

[09:21] {ese} huh

[09:21] {ese} really

[09:21] {ese} the entire flippin country

[09:22] {Threei} well, Dubai is one of little states within UAE

[09:22] {Les} that beautiful Dubai property scheme they were crowing to the whole world about a few years ago....

[09:22] {Les} is in the toilet.

[09:22] {Les} how that is justice.

[09:22] {ese} yup.....meaning ...of course....the rest of them are probably in default

[09:22] {Threei} I doubt it

[09:23] {Threei} the rest have oil

[09:23] {Threei} Dubai has extravagant real estate projectsa

[09:23] {ese} and dubai doesn't

[09:23] {BillyD} who does Dubai owe money to then? rest of world?

[09:23] {ese} american banks

[09:23] {Les} HSBC

[09:23] {Les} hahaha

[09:23] {Threei} I don't know... but this is interesting question

[09:24] {Threei} everfy time I hear that all the states in the world are in debt, I can't help but wonder

[09:24] {Threei} if ALL of them owe money, who do they owe it to

[09:24] {Threei} and if all of them owe money, then let's just call it even and start anew maybe? :)

[09:24] {strider} Pay no attention to the man behind the curtain.

[09:24] {BillyD} or, is this newss mkt needs as a reason to sell off

[09:25] {dino} gm all

[09:25] {Threei} on top of it all, to add uncertainty - it's a short session

[09:25] {Threei} dino :)

[09:26] {BillyD} stuff like this just proves "Trading in the Zone" book by Douglas

[09:27] {BillyD} mkt dynamics

[09:27] {dino} citi is on the hook for some thats the big us bank involved

[09:27] {strider} skf

[09:27] {strider} sorry....got keyboard's mixed up

[09:28] {dino} should have held that gdx short

[09:28] {Threei} yeah

[09:28] {dino} lstza blood

[09:28] {Threei} gold is hit hard

[09:28] {Threei} so is oil

[09:29] {Threei} and thank goodness, loonie

[09:29] {dino} vxx

[09:30] {Threei} let's see if we can get good entry on FAZ

[09:31] {Threei} pullbck under .30

[09:31] {Threei} or break of .40 if .30 is holding

[09:32] {Threei} if loses .30, don't jump in

[09:32] {Threei} let's see where it bottoms out

[09:32] {Threei} then wait for it to form upper limit

[09:32] {Threei} and break it

[09:33] {Threei} so far .30 is forming as break trigger

[09:33] {dino} gaps filled ndx and s/p 11-13 and 11-20

[09:33] {dino} remaing in nov. 11-6; 9936, 1730, 1069.

[09:33] {Threei} Long Setup: FAZ .30 break if holding .20

[09:34] {bkhmd} my quotes correct? DOW -19X?

[09:34] {Threei} 197

[09:34] {Threei} invalidated

[09:35] {Threei} Long Setup: QLTI .65

[09:35] {Threei} if holding above .50

[09:36] {lasertrev} gm

[09:36] {Threei} trev :)

[09:37] {magoo} morn..hoope all had nice holiday

[09:38] {Threei} Long Setup: FAZ .85 break if holding .75

[09:38] {Threei} mags :)

[09:39] {Threei} 1:1 FAZ

[09:39] {fernp} ty

[09:39] {bkhmd} ty

[09:39] {Threei} MGM MIRAGE CNBC's Faber: Sources saying that there is little concern about funding link between Dubai World and MGM's City Center project; City Center has now been fully funded

[09:39] {Threei} - Note: on 11/25 MGM Commented on the Dubai announcement and highlighted that it would have no impact on its CityCenter project

[09:41] {Threei} wat6ching LVS for pullback

[09:43] {Threei} would like to see something like .30 - .40 to get interested

[09:44] {Les} why? is it because of this consolidation zone offering support?

[09:45] {Threei} that would be depth of pullback likely to generate enough buying inetrest again, and it would be close enouigh to support for provide good stop

[09:45] {Les} k

[09:47] {strider} out QLTI +.12

[09:47] {fernp} ty Vad

[09:48] {Threei} 1:1 QLTI

[09:48] {Threei} nice and easy

[09:48] {Threei} never even went under entry point, let alone jeopardizing the stop

[09:48] {Threei} that's how I like them

[09:48] {strider} yeah,, let's just do that kind from now on.

[09:49] {Threei} we need Trev to implement that "do not entry losing trades" button

[09:49] {Threei} do not enter

[09:49] {Les} so Trev is one of "them" is he?

[09:49] {strider} It's the executing mode button in menu bar.

[09:50] {Les} so how do you see LVS now Vad?

[09:50] {Threei} the same

[09:50] {Les} amateurs moved in first thing to buy it up?

[09:50] {Threei} I want good pullback

[09:50] {fernp} HD seems strong

[09:50] {Threei} why amateurs?

[09:51] {Threei} maybe amateurs panicked with their market sell orders,

[09:51] {Threei} and prose are taking advantage of pullback?

[09:51] {Threei} merrily buying from weak hands?

[09:51] {Les} just trying to define how LVS is moving, breathing?

[09:51] {Les} no question mark

[09:54] {ese} haven't seen this before on my screens.....not one alert on Euphoria or JBE ....interesting

[09:54] {strider} Wal-Mart wins Canadian Supreme Court ruling on union suit, Bloomberg reports

[09:54] {strider} Now canucks can buy union suits.

[09:54] {strider} obscure joke....maybe nobody gets it.

[09:54] {Threei} Wal-Mart Stores Inc Canada Supreme Court rules in favor of WMT in suit brought by union over Quebec store closing

[09:54] {Threei} - WMT asked the court to deny a lawsuit that sought to restrict store closings when employees join unions, taking a stance against Quebec's Labor Relations Act. Union workers sued under the Act after Wal-Mart shut their store.

[09:55] {dino} esi sm l .51

[09:55] {Threei} good

[09:55] {Threei} HBC CEO: Confident in Dubai leadership in debt issues; Middle east is an important part of business

[09:55] {Threei} - highlights that the Middle East aspect of their business is only 2% of balance sheet

[09:56] {ese} yup....definitely don't get that one ST......explain

[09:56] {strider} Union suit was the brand name of an old style of long underwear......

[09:56] {ese} ahhhhhhh

[09:56] {dino} lol

[09:56] {strider} Appalachian thing

[09:57] {Raven} thang

[09:58] {strider} exactly.

[10:00] {ese} l appl .50

[10:00] {ese} 1/2

[10:01] {ese} out appl .82

[10:02] {ese} +.32

[10:02] {ese} and i know it will keep going

[10:02] {ese} this is one of them don't get greedy days

[10:02] {Threei} totally

[10:02] {Threei} short day

[10:02] {Threei} can change on a dime

[10:03] {dino} gj es

[10:03] {ese} tks

[10:04] {bkhmd} ese was that appl or aapl?

[10:04] {ese} sorry aapl

[10:05] {ese} the guys who sold me my computer

[10:06] {ese} opps....some jbe alerts on my screen

[10:07] {ese} apwr

[10:07] {ese} was looking at it at .60

[10:07] {ese} didn't have the nerve

[10:09] {Les} for anyone who wants to see what "Dubai" is about - some good pics: http://ibankcoin.com/chart_addict/2009/11/26/dubai-the-city-on-crack/

[10:11] {magoo} AWIAV?

[10:12] {fernp} no

[10:13] {magoo} AWIAF? lol

[10:14] {dino} apwr?

[10:14] {ese} wow...

[10:14] {Threei} US Official: US has committed to a package of initiatives on Iran if it does not engage with regards to Nuclear enrichment

[10:15] {ese} i've seen pictures of the water development in the shape of a tree......Mcleans magazine here in canada

[10:16] {ese} packages of initiatives?

[10:16] {Threei} finger-wagging I'd guess is on top of the list

[10:17] {BillyD} CBAK interesting

[10:17] {ese} vad vad vad.........your a funny one you are.......

[10:17] {dino} most likely 3i, and then the classic 500 million bonusif you cooperate

[10:17] {Threei} call me sardonic

[10:18] {strider} sardo

[10:20] {Threei} APWR acts like endless runner

[10:20] {Threei} and I see no news

[10:20] {Threei} one of those grossly exaggerated moves that happen sometimes on a holiday

[10:21] {dino} china doubled budgetenviro budget and possible add toibd 100 index apwr

[10:21] {ese} ya and the news ain't that great.....go figur

[10:22] {ese} l aapl .49

[10:23] {ese} ok out aapl .37

[10:23] {ese} you'll not believe what i just did........

[10:24] {bkhmd} +.37 or out at .37

[10:24] {Threei} drunk whole bottle of vodka and eate the bottle itself?

[10:24] {ese} had the mkt order ready was gonna do it it it broke .50

[10:24] {ese} next thing i know i'm long

[10:25] {ese} inadvertently bought it....damn

[10:25] {ilana} happened to me a few times with limit order as well

[10:26] {ese} i hate it when that happens.....just cost me .12 cents

[10:26] {bkhmd} big shares?

[10:26] {dino} ever hit the sell button and realize you were looking at wrong stock? i have

[10:27] {ese} well i guess if they can stupidly build beyond there means in dubai.......i can stupidly press a button by mistake

[10:27] {ese} no bk 1/2 lot

[10:27] {BillyD} yes dino, cost me 6K 10 yrs ago

[10:28] {bkhmd} ur half lot is couple K? lol

[10:28] {ilana} ever forget you're short and press sell button when wanted to cover? i have

[10:28] {ese} normally.........but not today......

[10:29] {Threei} that's actually a frequent error

[10:29] {ilana} whew, relief

[10:29] {ese} really

[10:29] {ese} i can't remember the last time i did it

[10:29] {Threei} for many who traded mostly on a long side, have ingrained notion of sell as close the trade

[10:29] {Threei} and started trying shorting

[10:30] {ese} hmmmmmmm

[10:30] {ese} ya i can see that

[10:33] {Les} NLST ready to give us a short?

[10:33] {Les} or a bounce?

[10:34] {dino} esi stop to .20

[10:34] {dino} make it .22

[10:34] {Threei} i don't see anything readable on NLST

[10:35] {Les} ok. AONE is soldiering on higher

[10:35] {dino} to .30

[10:37] {dino} to .35

[10:37] {ese} gap reversal screen alerts filling up

[10:37] {ese} guess panic over dubai is over

[10:37] {dino} until they figure out off balance sheet and counter-party exposure

[10:38] {dino} january should be interesting

[10:38] {BillyD} watching RIMM to see if short setup at 58

[10:39] {Threei} Short Setup: FAZ .60 break

[10:39] {ese} i'm thinking Jan is going to be real interesting

[10:39] {Threei} if stays under .70

[10:39] {ese} down big is what i'm expecting

[10:40] {Threei} fade is a valid trade too

[10:41] {dino} out esi .37, +.86

[10:41] {bkhmd} Dino come trade my account WOW Good Work Dude

[10:43] {dino} thx lucky thats all

[10:44] {Threei} lol

[10:44] {ese} l drys .17

[10:44] {Threei} it's a double luck then dino: luck to win and luck to have such a consistent luck

[10:45] {ilana} after how many times luck considered success?

[10:45] {bkhmd} Ok vad lets go back to wednesday and re-vote

[10:45] {Threei} that's a question to be answered at deathbed

[10:45] {Threei} why bkh?

[10:45] {bkhmd} no I understand why you suggested it

[10:46] {bkhmd} slow

[10:46] {Threei} well, we have 2 for 2

[10:46] {bkhmd} yes

[10:46] {Threei} so it was worth waking up

[10:47] {bkhmd} i agree with that

[10:47] {Threei} and you know what... let's trail FAZ to above b/e

[10:47] {Threei} we are close enough to 1:1

[10:47] {Threei} let's cut the risk to idiotically small

[10:48] {strider} out +.008

[10:48] {strider} 08

[10:48] {Threei} 3 for 3 then for you

[10:48] {strider} only taken two trades....

[10:49] {strider} QLTI & FAZ

[10:49] {strider} missed something

[10:49] {Threei} FAZ long earlier

[10:49] {Threei} FAZ short now

[10:49] {strider} yeah...

[10:49] {Threei} and QLTI

[10:49] {Threei} so, let's see

[10:49] {Threei} FAZ+FAZ+QLTI

[10:50] {Threei} yeah, three

[10:50] {bkhmd} lol

[10:50] {dino} distracted. but as for the luck, in this market i believe that profits are luck, losses are skill. too random intraday

[10:52] {BillyD} Vad, when u said fade idea on FAZ short call were you talking buying of short aggressive into the bounce before break down

[10:52] {BillyD} or short aggressive

[10:52] {Threei} no

[10:52] {dino} have to call it a day, taking mon. and tues. off. good luck all

[10:52] {Threei} fade as in:

[10:53] {BillyD} cya dino

[10:53] {Threei} take the opposite side of the setup if it invalidates

[10:53] {bkhmd} take it long

[10:53] {fernp} bye dino

[10:53] {Threei} take care dino, have a good weekend

[10:53] {bkhmd} later dino

[10:53] {Les} ciao dino

[10:53] {dino} :)

[10:53] {Les} wanted to ask you about that Vad

[10:53] {BillyD} ok, got it

[10:53] {Threei} so it would be long on .70 break if never lost .60

[10:53] {Threei} when, finally

[10:53] {fernp} out TY Vad

[10:53] {Threei} out FAZ

[10:53] {Les} ty

[10:53] {Threei} .49

[10:53] {Threei} 3 for 3

[10:54] {Les} ty for the trade and explaining fade move

[10:54] {Threei} sure thing

[10:59] {BillyD} Vad, look at AMZO, nice chart but follow thru is ?

[10:59] {BillyD} AMZN

[11:00] {Threei} I like the chart... had it been normal trading day, I'd call it without hesitation

[11:00] {Les} NLST double top?

[11:00] {BillyD} ty

[11:00] {Threei} or C&H if breaks .50

[11:01] {Les} ah ok

[11:02] {ese} l drys avg .20

[11:03] {Les} CAT found its way back to support again. Impression that someone's supporting this stock. but a setup?

[11:04] {Les} not game today

[11:04] {Threei} support?

[11:04] {Threei} or resistance?

[11:04] {Les} 200 ma on 60 min.

[11:04] {Les} back above

[11:05] {Threei} 58 break was nice legit C&H

[11:05] {Les} gonna stick a big c&h example on edge of my screen...

[11:06] {Threei} (IA) Iran Govt responds to censure; claims resolution by IAEA is of a theatrical nature; 'useless' - state news agency

[11:06] {Threei} hey, first time in my life I agree with Iran

[11:06] {Les} nah, lets bomb em

[11:07] {BillyD} useless rhetoric

[11:11] {Les} you were right vad. double dose resistance 15 min. for CAT. If can break that would like to go long.

[11:11] {Threei} at what price?

[11:12] {larisa} 60 :)

[11:12] {Threei} we have time then

[11:12] {Les} that your trigger price or profit target larisa?

[11:13] {Threei} let me make Larisa's life easier:

[11:13] {Les} CAT stop getting bigger than I wanted.

[11:13] {Threei} {larisa} neither... it's a joke

[11:13] {Threei} I don't undertsnad Les

[11:13] {Threei} describe the play you envision

[11:14] {Les} at moment I spoke of CAT

[11:14] {Threei} yesa

[11:14] {Les} .20 stop

[11:14] {Threei} that's what I am looking at

[11:14] {Threei} which entry?

[11:14] {Les} upon new high

[11:14] {Les} .35

[11:14] {Threei} wow

[11:14] {Les} or .33

[11:14] {Threei} that's an entry I would never go for

[11:15] {ese} ese gives drys forceful nudge with the ictus of directors baton

[11:15] {Threei} this pullback is a valid entry

[11:15] {Threei} that break is not

[11:15] {Les} why?

[11:15] {Les} CAT needs pullback first?

[11:15] {Threei} because it's a top of vertical spike aftre the break

[11:15] {Threei} we buy break of consolidation

[11:15] {Threei} not the break after such spike

[11:16] {ese} thats the pointy part for you musical laymen

[11:16] {Threei} look at 1 min chart'

[11:16] {larisa} 15 and 60 min charts are too long horizon for me. I think for scalping multiple frames will confuse you a lot of times. And what 15min chart player sees as support/res, for scalper can mean opposite. it is like comparing aaples and peaches.

[11:16] {Les} y

[11:16] {strider} ese, you're just talking dirty again.

[11:16] {Threei} 11:03, break of 58, C&H formation

[11:16] {Threei} quick move to above .30

[11:17] {ese} never thought of it that way

[11:17] {Threei} which is 1:3 for that break

[11:17] {Les} y

[11:17] {Les} ok. never thought of it like that

[11:17] {Threei} do you want to go long at 1:3 without new consolidation first?

[11:17] {Threei} if yes, then think of it this way:

[11:18] {Threei} is there any spike you wouldn't want to buy at the top?

[11:18] {Threei} what would it have to be, 1:5? 1:10?

[11:18] {Les} ok so we buy break from consolidation, not an extension of the break itself

[11:19] {Threei} we SELL into those spikes!

[11:19] {fernp} Don't you have TTR?, Les

[11:19] {Les} so that's what I'm doing wrong :O

[11:20] {Les} y

[11:20] {Threei} get back to basics Les

[11:20] {Threei} crowd chases spikes

[11:20] {Threei} spikes reverse on the crowd

[11:20] {Threei} crowd gets creamed

[11:20] {Threei} smart money buys before the spikes

[11:20] {Threei} smart money sells into spikes to the crowd

[11:21] {Les} y. now we speak of it ttr trade examples come back to mind

[11:21] {Threei} smart money trakes crowd's money

[11:21] {Threei} be smart money

[11:21] {Threei} eschew being the crowd

[11:21] {larisa} whats eschew

[11:21] {Les} so with CAT chart in front of me

[11:21] {Threei} two answers larisa

[11:21] {Threei} 1. it's a sneeze sound

[11:22] {Threei} 2. it's a fancy word for "avoid"

[11:22] {Les} where are interesting consolidation zones for you?

[11:22] {Threei} pick what you like :)

[11:22] {larisa} I like both

[11:22] {Threei} you can have both

[11:22] {Threei} it's Thanksgiving, I am kind

[11:23] {bkhmd} Les are you on a one minute chart?

[11:24] {BillyD} Hey guys/gals, have a good wknd, gotta run

[11:24] {bkhmd} later Billy

[11:24] {Threei} take care billy, have a great weekend

[11:24] {larisa} bye Billy :)

[11:24] {Threei} I don't understand the question Les

[11:25] {fernp} bye billy

[11:25] {ilana} bye billy

[11:26] {bkhmd} if I may Les look at the CAT 1 min starting at around 10:20 forward starts a dented ugly cup and handle consolidation just under 58

[11:26] {bkhmd} break of 58 would have been a good start

[11:27] {Threei} beautiful bkh

[11:27] {bkhmd} previous support at 57.89

[11:27] {Threei} perfect description of the setup

[11:27] {bkhmd} with could have given us a fair stop

[11:27] {bkhmd} i wasnt watching it at the time

[11:39] {Threei} market is in its normal freeze

[11:43] {bkhmd} im gonna paper trade and practice range trading

[11:45] {Threei} I am gonna sleep with my eyes open and practice pretending that I am wide awake

[11:45] {bkhmd} toothpics work well

[11:45] {Threei} actually I have it down to art

[11:45] {Threei} trading in my sleep for years and you never suspcted

[11:45] {bkhmd} yes i did

[11:45] {bkhmd} lol

[11:46] {Threei} other than my suspiciously bad typing

[11:46] {fernp} Today I am running Laser in windows 7. Works fine. fwiw :-)

[11:46] {strider} Vad is artistically reclined.

[11:46] {Threei} but I made a point to type just as bad in rare instances when I am awake

[11:46] {Threei} so you can't tell

[11:47] {Threei} fern, the early adopter

[11:47] {strider} fern, do you have a computer dedicated to just Laser?

[11:47] {Threei} I will switch to W7 in a few more versions, lol

[11:47] {fernp} yes

[11:47] {Les} sorry quick taxi trip

[11:47] {bkhmd} DOS rules eh VAD?

[11:47] {strider} I'm still on XP pro.

[11:47] {Les} yes I recognise consolidation break out.

[11:47] {Threei} lol

[11:48] {Threei} XP Pro 64 bit here

[11:48] {Threei} nice, smooth, fast

[11:48] {fernp} Yes I use widows xp 64 too

[11:48] {Threei} what else do I need

[11:48] {Threei} only when they stop supporting it will I consider change

[11:48] {Les} but if CAT had broken through to new highs, that would be chasing for you, would it Vad?

[11:48] {fernp} That happened a month ago, Vad

[11:49] {Les} yes here too. XP until no further support.

[11:49] {Threei} you mean if it broke that .333 area? yes, that would have been a whole lot of chasing

[11:49] {Threei} just as .10 or .20

[11:51] {magoo} SEED boss

[11:51] {magoo} nuts

[11:51] {strider} On Wednesday, however, Microsoft said consumers who still have Windows XP running after April 2009 will be entitled to five more years of "extended support."

[11:51] {strider} http://www.msnbc.msn.com/id/16805062/

[11:52] {bkhmd} awsomeeeeeeeeeeeeeee

[11:52] {Threei} toughie mags

[11:52] {Threei} no that crazy pace

[11:52] {fernp} Microsoft may have little choice but to support XP for an extended period since most of its business customers have not upgraded to Windows Vista.

[11:52] {Threei} that gives away the momo

[11:53] {fernp} Microsoft Pledges Windows XP Support Through 2014 http://www.informationweek.com/news/windows/operatingsystems/showArticle.jhtml?articleID=208800494

[11:53] {Threei} cool... 2014 it is

[11:53] {fernp} yeah

[11:53] {Threei} and if they continue making crappy new OSs, maybe even longer

[11:54] {strider} So MSFT will support XP two years after the end of the world...that's dedication to their product.

[11:54] {fernp} lol

[11:55] {fernp} im going to watch that movie tonight

[11:56] {Threei} do you like special effects fern?

[11:56] {fernp} yes

[11:56] {Threei} would you enjoy the movie that is entirely shot for them, and the plot is there only to stitch them together?

[11:57] {fernp} no, i get tired

[11:57] {Threei} hmmm

[11:57] {Threei} then you may not like it as much :)

[11:57] {Threei} but if you suceed in turning your brain off

[11:58] {Threei} and letting your eyes enjoy it

[11:58] {Threei} you wqill l,ove the movie

[11:58] {Les} so its like watching election campaign

[11:58] {fernp} I'll think only in the popcorns...

[11:58] {fernp} lol

[11:59] {Threei} it's a total eye candy

[11:59] {Threei} not mind candy though :)

[11:59] {fernp} i like movies like matrix, plot and effects

[11:59] {Threei} since I am very good at turning brain off, I enjoyed it very much

[12:00] {fernp} one of my favorites movies is The Game

[12:00] {Threei} with Douglas?

[12:00] {fernp} yeah

[12:00] {strider} oh, yeah....,me too, fern.

[12:02] {Threei} tough to pick absolute winner, many are good... but if I absolutely had to, it would probably be Once upon a Time in America

[12:02] {Threei} or Pulp Fiction

[12:02] {fernp} i like that one

[12:02] {fernp} the first

[12:02] {fernp} Once's upon...

[12:03] {ilana} that's my winner too

[12:03] {Threei} US Treasury and Fed to delay internet gambling ban effective date for 6 months to June 1

[12:03] {ilana} watched it 3-4 times and each time get it ifferently

[12:04] {Threei} true

[12:04] {Threei} one ofd those that you perceive differently over the years

[12:04] {Threei} actually, goes for both

[12:05] {Threei} BoA analyst comments on Dubai: markets may be overreacting, but the situation does have some broader implications (timing uncertain)

[12:05] {Threei} - "There is no doubt that this episode has hurt sentiment towards the Gulf, and UAE in particular, and this lack of confidence will make it very difficult for the UAE to issue new debt to finance the approx $21.2B of Dubai World debt maturing in the next three years. Whilst we think the reaction in the markets yesterday may have been an overreaction given the size and relative importance of Dubai to the global economy,

[12:05] {Threei} this episode does have some broader implications. It serves as a stark reminder as to just how sensitive global markets are to bad news, particularly on a thin tape. This will certainly make governments and central banks even more cautious about their stimulus withdrawal and the methods in which they choose to communicate the exit strategies to the market. The market action over the last two days shows that despite the outsized returns since the March lows the market remains ready and willing to punish mistakes."

[12:08] {Threei} US Obama Administration 'monitoring closely' the developments in Dubai situation - CNBC

[12:09] {Threei} lol... demosntrate first that you are capable of monitoring who enters your highly guarded state dinners

[12:09] {bkhmd} he was never in harm

[12:09] {bkhmd} lol

[12:10] {strider} AMZN short?

[12:10] {Threei} no way to tell...

[12:10] {Threei} fairly random

[12:11] {strider} descending triangle

[12:11] {Threei} more or less...

[12:11] {Threei} problem is,

[12:12] {Threei} while upper limit for stop placement is defined quite nicely

[12:12] {Threei} trigger for the tyrade is very fuzzy

[12:12] {Threei} so, we have second part:

[12:12] {Threei} "if stays below .50"

[12:12] {Threei} but what is the first?

[12:13] {strider} .20 looks pretty good to me. No?

[12:13] {magoo} depends also if IF mkt rips up into close or not

[12:13] {Threei} 30 cents stop?

[12:13] {Threei} and count on drop under 132?

[12:13] {strider} yeah

[12:13] {fernp} I told my wife that the film is not very good, and she has thrown me a shoe at head ... I think I'll go to watch it

[12:14] {Threei} and all this on a stock that pretty much depends on the market

[12:14] {Threei} was it a stiletto fern?

[12:14] {fernp} yes

[12:14] {Threei} cool

[12:14] {Threei} it's a very sexy way to die

[12:15] {bkhmd} with film are we talking about

[12:15] {fernp} but i've ... how is your word

[12:15] {Threei} stiletto thrown at your head by a woman with deadly accuracy

[12:15] {Threei} which takes us to another good movie: Kill Bill

[12:15] {bkhmd} then u would have to change ur name to one eye Vad

[12:15] {Threei} 2012, bk

[12:16] {fernp} i've eschewed the shoe is that correct? :-)

[12:17] {Threei} yes :)

[12:17] {Threei} now embrace the movie

[12:17] {strider} my dog eshewed my shoe once. Gave him hell for it.

[12:17] {fernp} lol

[12:18] {larisa} if market does not close under -200+, lets make vad wear stilettos all weekend :)

[12:18] {Threei} oh good, no tutu then

[12:19] {larisa} but it will, do not worry vad :)

[12:19] {Threei} well, but if it doesn't, cocnut bra for you?

[12:20] {larisa} no, too cold here

[12:20] {magoo} any read APWR vad?

[12:20] {Threei} down feels more probable mags but no setup that I see

[12:21] {magoo} wow..i thought up

[12:21] {Threei} ideally, I'd love it to come down to .50, consolidate a bit, then break it down

[12:21] {Threei} that would be the one I'd take

[12:22] {Les} today was informative. more time studying your setups vad in future, less thinking about money. Friends are around and the bottle open. have a good weekend.

[12:23] {Threei} larisa, what kind of excuse is that... can use fur lining

[12:23] {Threei} you too Les, have a good one

[12:23] {larisa} bye les :)

[12:23] {fernp} bye Les

[12:24] {magoo} bye les

[12:24] {Threei} I for one will have no problem wearing those stilettoes inside of fur jackboot

[12:26] {Threei} weather finally settles down here... sun second day in a row

[12:26] {fernp} gotta go. have a nice weekend everybody. See you all on monday

[12:26] {Threei} have fun fern, tell us how you liked the movie

[12:26] {fernp} i'll do

[12:28] {magoo} vad, look AMZN chart here

[12:29] {Threei} yes

[12:29] {bkhmd} later fern good weekend

[12:29] {Threei} held under .50, dropped

[12:39] {strider} thanks guys. I'm gonna take my 20 cents and go home........

[12:39] {strider} wait, I am home.

[12:42] {Threei} QLTI UPDATE: RBC Raised QLTI to Outperform from Sector Perform, price target: $6

[12:42] {Threei} I knew there was the reason we played QLTI

[12:42] {Threei} it's just the the reasin came after we profited from it

[12:42] {strider} No...I think your playing it resulted in the upgrade.

[12:42] {Threei} oh

[12:43] {strider} news travels fast.

[12:43] {Threei} so, all this hoopla turns out the storm in a teacup

[12:43] {Threei} at least for now

[12:43] {Threei} Dow -125

[12:43] {Threei} big deal

[12:44] {Threei} Monday will be more interesting

[12:44] {strider} yeah

[12:44] {strider} When the male hysterics get back to work.

[12:44] {Threei} lol

[12:44] {Threei} but again... 3 winning plays made the day worth coming in

[12:45] {strider} It did....even if I only got two of them.

[12:45] {strider} See y'all Monday......So long from appalachia.

[12:46] {Threei} have a good weekend

[12:46] {bkhmd} later Stride

[12:47] {magoo} we'll be out hunting next week vad so u know

[12:47] {Threei} have fun

[12:47] {Threei} bear?

[12:47] {Threei} deer?

[12:47] {magoo} deer now

[12:47] {Threei} cool

[12:48] {magoo} coolio lol

[12:48] {Threei} okay guys, let's have a nice relaxing weekend

[12:48] {magoo} ty

[12:48] {Threei} see you all on Monday

[12:48] {larisa} bye :)

[12:48] {bkhmd} thanks VAD

[12:48] {bkhmd} take care

[12:59] {larisa} 2 min to lose 50 points. go DOW :)

[12:59] {bkhmd} wow

[13:00] {larisa} lazy market! bye all! :)