Dec 02 2009

Much better day with few calls (I tend to get careful after getting my behind kicked) but all of them being winners, one turning into nice 40 cents runner (ATHR).

Session Time: Wed Dec 02 00:00:00 2009

[07:50] {nemo} hi folks

[07:51] {strider} morning nemo, patience.

[07:51] {strider} jmb

[07:51] {patience} good chilly morning :)

[07:51] {nemo} yeah, cold here too

[07:53] {strider} 40 degrees here...supposed to rain all day.

[07:53] {nemo} 20's here

[07:53] {nemo} sunny

[08:08] {Threei} RSOL signed a large multi-site contract to design and install 790 kW DC of solar electricity in CA (3.03, 0.00, 0.00%)

[08:11] {Threei} BLTXX Baltic Dry Index rises just over 2% (first gain in 9 sessions)

[08:14] {Les} hello.

[08:14] {Les} frozen fingers working in garden this morning

[08:15] {Les} couple of glasses of wine and I'm warmed up to trade

[08:15] {Threei} Les :)

[08:16] {Threei} *(US) ADP NOV EMPLOYMENT CHANGE: -169K V -150KE

[08:16] {Threei} - Prior revised from -203K to -195K

[08:16] {Threei} - Sept revised to -227 from -254

[08:19] {nemo} Hi Raven

[08:20] {Raven} mourn

[08:20] {nemo} morn or mourn

[08:20] {Raven} cosmo says mourn

[08:20] {Les} AIG in playful mood this morn

[08:21] {Threei} R :)

[08:22] {Raven} T:)

[08:22] {nemo} cute

[08:22] {Raven} lol

[08:25] {Threei} Raven... I guess this is first time ever someone thought you and I were cute

[08:25] {Threei} well... certainly first for me

[08:25] {nemo} responses were cute

[08:25] {Threei} oh don't ruin it for me

[08:26] {nemo} fine...

[08:26] {Raven} {}

[08:26] {Threei} but don' go any further that road either

[08:26] {nemo} [08:21] {&Threei} R :)

[08:26] {nemo} [08:22] {+Raven} T:)

[08:26] {nemo} [08:22] {nemo} cute

[08:27] {Threei} RSOL daily looks interesting

[08:27] {Threei} don't know how influential news is

[08:27] {Threei} it's some strange arrangement

[08:28] {Les} what you refering to?

[08:28] {Les} the recent buying?

[08:29] {Threei} real goods solar Signed large multi-site contract to design and install 790 kW DC of solar electricity in CA

[08:29] {Threei} - Signed a large multi-site contract to design and install 790 kW DC of solar electricity across fourseparate affordable housing communities: three in San Francisco and one in Richmond, CA.

[08:29] {Threei} - The PV systems will be financed through a Power Purchase Agreement (PPA), enabling these properties to use solar-generated power without the upfront capital costs or operational expenses. Upfront installation costs have been significantly reduced by San Francisco Mayor Gavin Newsoms GoSolarSF solar energy incentive program, and the California Solar Initiative Multi-Family Affordable Solar Housing (MASH) Rebate Program.

[08:29] {Threei} - This multi-million dollar investment is expected to generate 1,090,311 kWhrs (1.1 MWhrs) of electricity for the residents of these communities, ensuring lower electricity rates for years to come. Californias new Virtual Net Metering tariff will allow the electricity and cost savings to be shared among the resident families as well as the common areas, a first for California.

[08:29] {Threei} - Through the San Francisco City Build and Solar Richmond workforce training programs, approximately 36 workers who were previously unemployed now have jobs installing the systems.

[08:30] {Threei} CYTR Announces That FDA Lifts Clinical Hold of Arimoclomol in ALS (1.00, 0.00, 0.00%)

[08:31] {Threei} so if I understood it right, RSOL installs equipment at its own expense, albeit reduced by rebates,

[08:32] {Threei} and hopes to recover it and profit by selling energy

[08:33] {Threei} KERX

[08:33] {Threei} Keryx Biopharmaceuticals Inc Receives FDA Fast Track Designation for KRX-0401 (Perifosine) for the Treatment of Relapsed/Refractory Multiple Myeloma

[08:33] {Threei} - A Phase 3 trial investigating perifosine in combination with bortezomib (VELCADE) and dexamethasone for the treatment of patients with relapsed/refractory multiple myeloma is expected to commence by year-end under a Special Protocol Assessment (SPA) with the FDA.

[08:33] {Threei} - In addition, in September, the Company announced that perifosine had received Orphan-Drug designation in the United States for the treatment of multiple myeloma.

[08:35] {Threei} Analysts at Credit Suisse update China investment strategy; Growing cautious in construction and capital goods names that are overly exposed to infrastructure/industrial development

[08:35] {strider} KERX has gap up to 5.

[08:36] {Threei} AEZS Receives FDA Fast Track Designation for the Treatment of Relapsed/Refractory Multiple Myeloma (1.00, 0.00, 0.00%)

[08:39] {Les} nice cup developed, wonder if it can pull of handle as well KERX

[08:41] {Threei} on what chart?

[08:50] {Les} daily, last 3 months. No?

[08:50] {Les} or is that shallow pullback?

[08:51] {Threei} so far it's a cup

[08:51] {Threei} it's just that such time frame doesn't give you any options for today

[08:51] {Les} so can it be played as breakout of present price, given the consolidation?

[08:52] {Les} or would waiting for handle be way to go?

[08:52] {Threei} if you want to play C&H on daily chart, there is no such play today

[08:52] {Threei} it just completes the cup

[08:52] {Threei} whatever you want to play today would have to come from intraday chart

[08:53] {Les} sure

[08:54] {strider} NVAX

[08:55] {ese} morning

[08:55] {Threei} strider, ese :)

[08:55] {Threei} NVAX had news...

[08:55] {Threei} H1N1 trials

[08:55] {strider} morning 3i, ese:)

[08:55] {Threei} isn't it horribly late for that?

[08:56] {ese} ST vad

[09:01] {Threei} DRYS is knocking on yest high

[09:01] {fernp} Good morning everybody

[09:01] {Threei} [08:11] {Alert} Threei BLTXX Baltic Dry Index rises just over 2% (first gain in 9 sessions)

[09:01] {Threei} fern :)

[09:01] {strider} morning fern:)

[09:02] {Les} hey fern

[09:02] {fernp} strider, les :)

[09:03] {larisa} gm :)

[09:05] {Threei} larisa :)

[09:05] {larisa} :)

[09:05] {nemo} lari :)

[09:06] {larisa} nemo :)

[09:06] {strider} larisa:)

[09:06] {strider} rubbi, tomg:)

[09:06] {nemo} goodnight john-boy

[09:08] {strider} Anybody using the History Board view in Laser?

[09:09] {tomg} i use it

[09:09] {Moose} gm all

[09:09] {Threei} tom, moose :)

[09:09] {tomg} gm :)

[09:09] {strider} I'm having trouble with it sometimes overwriting previous entries, when I type a new sym into the linked chart.......have you seen that?

[09:09] {tomg} yes

[09:09] {strider} know how to prevent it?

[09:10] {nemo} wait for laser brain to show up and then hammer him with the question

[09:10] {tomg} i figured it out, but forgot....let me look

[09:10] {ese} snts......another drug company moving this morning

[09:10] {strider} thx

[09:11] {tomg} right click over it, look at settings

[09:11] {strider} k

[09:11] {tomg} what do you have for stock depth (lower right corner)

[09:11] {Threei} SNTS yesterday after hours news

[09:11] {Threei} Tuesday, December 01, 2009 5:20:43 PM

[09:11] {Threei} Santarus Inc Confirms FDA Approval of Schering-Plough HealthCare Products ZEGERID OTC

[09:11] {strider} 10, but it's replacing at 4 right now.

[09:12] {tomg} i set mine at 20.

[09:12] {strider} Dos cursor have to be set in a specific place in board?

[09:12] {tomg} i don't think that's the answer though

[09:12] {Threei} Reminder: Treasury Secretary Geithner to testify before the Senate Agriculture Committee on reform of the OTC derivatives market at 9:30amET

[09:12] {tomg} do you have dynamically sort checked?

[09:13] {strider} no. but I will.

[09:14] {strider} that seems to help

[09:14] {nemo} save your layout strider

[09:14] {tomg} ok, i did something, and whatever it was it fixed it. just don't remember exactly. maybe that's it

[09:14] {strider} will do.

[09:15] {strider} It's a good feature.

[09:15] {nemo} how did you link it to charts...I tried to figure that out

[09:15] {strider} Unfortunately, I overwrote most of my stocks for this morning.

[09:16] {strider} nemo..just as you link any thing else...under Window, set link

[09:16] {nemo} yeah, I tried that

[09:16] {strider} try it again...:)

[09:17] {strider} If you have the chart in another set of links....add it to that set.

[09:17] {nemo} I did, then when I click on the symbol in board view it doesn't do anything

[09:18] {strider} You're doing something wrong...works for me.

[09:18] {nemo} thanks Howard

[09:18] {strider} who's Howard?

[09:19] {nemo} Howard Cosell...master of the obvious (sorry Vad...came well before you)...no kidding...I'm doing something wrong (surprise!)

[09:20] {strider} Might be best to start with new board view history, and link it before you put in any syms.

[09:21] {nemo} Yeah...I was afraid of that

[09:22] {strider} WAG gap down

[09:25] {ese} me thinks that kerx is a good bet this morning.......fast track desination for a lukemia drug......

[09:25] {nemo} thou art funny

[09:26] {Threei} (US) Moody's: Outlook for US banks continues to be Negative (post Q3), substantial asset quality issues remain for rated US banks (related XLF )

[09:28] {strider} Regional Bank sector upgraded to Overweight from Market Weight at Credit Suisse

[09:28] {strider} Credit Suisse upgraded the Regional Bank sector as they expects NPA's, NCO's and provisions to improve in 2010. The firm upgraded SunTrust (STI) to Outperform from Neutral and BB&T (BBT)to Neutral from Underperform and sees the most upside in Fifth Third Bancorp (FITB) and First Horizon (FHN).

[09:30] {lasertrev} gm

[09:30] {Threei} trev :)

[09:30] {strider} long kerx 3.00

[09:30] {Threei} NANO

[09:31] {ese} l kerx .08

[09:32] {nemo} gld

[09:32] {nemo} sorry

[09:33] {Threei} no idea what happens with NANO but it's a momo candidate

[09:33] {dino} gm all

[09:33] {nemo} dino :)

[09:33] {Threei} dino :)

[09:34] {strider} nothing on the fly

[09:34] {strider} dino:)

[09:35] {Threei} AIG is getting sold off hard

[09:35] {Les} KERX about to do a salmon?

[09:35] {ese} out kerx .12 +,04

[09:35] {Threei} I doubt it Les

[09:35] {Les} ah no

[09:36] {Threei} where is magooo... he would already be up 50 cents on NANO

[09:37] {Moose} 3i.. did you trade NANO?

[09:37] {nemo} communing with the fauna

[09:37] {Threei} scalped

[09:37] {Moose} k

[09:37] {Threei} US Rep Frank: Aiming to vote on financial reform bill in the House by 12/9 (related XLF IXG )

[09:37] {fernp} ATHR 30 break, Vad?

[09:37] {Threei} I like the chart fern

[09:37] {Threei} a bit too thin

[09:38] {Threei} but has nice potentiasl

[09:38] {fernp} ok

[09:39] {Les} drys upon consolidation?

[09:39] {Threei} feels so

[09:39] {Threei} won't be fast, but that's not the nature of this stock

[09:39] {Threei} .40 break prooably worth a try

[09:40] {Threei} ATHR 30 is yesterday's high too

[09:41] {Threei} and a lot of offers

[09:41] {Threei} so break will put it on 2 days break scanners, annual hgh scanners

[09:41] {fernp} that's good

[09:41] {Les} drys .40

[09:44] {nemo} seed coughing up the furball

[09:45] {nemo} no short shares...phoooey!!

[09:45] {strider} never are.

[09:45] {nemo} they'll show up some day

[09:45] {nemo} nano

[09:45] {nemo} oops

[09:45] {strider} buy some, and then borrow them from yourself.

[09:46] {Moose} AIG

[09:46] {nemo} ha.....ha........ha.....

[09:46] {strider} KERX ain't acting right.

[09:47] {Threei} NANO will probably cut through 13

[09:47] {ese} not yet ST

[09:47] {strider} I'm still in small.

[09:48] {strider} still no news NANO?

[09:48] {ese} made .04 but am looking to get back in

[09:48] {Threei} not that I see

[09:50] {ese} waiting for a higher low type thing

[09:50] {Threei} ATHR launch

[09:50] {fernp} i am in

[09:50] {fernp} stop under .90

[09:51] {Les} l drys .46

[09:51] {fernp} i am out 1:1 ATHR

[09:51] {strider} good move fern.

[09:51] {Threei} chewing sound ATHR

[09:51] {fernp} ty

[09:51] {Threei} why .46 Les

[09:52] {Threei} .40 was break level

[09:52] {ese} a little pullback to say .92 st and then away we go

[09:52] {Les} wasn't sufficient consolidation before breaking new high?

[09:53] {Threei} not the point Les... point is, trigger for atrade was .40

[09:53] {Threei} why skip that and then buy .45 break?

[09:54] {Les} figure 12.2, p.126

[09:54] {strider} AIG

[09:55] {strider} no pullback ese

[09:55] {ese} l kerx .99

[09:55] {ese} yup it's strong

[09:57] {Threei} some day we will stumble onto dice with AIG letters on it

[09:58] {Threei} what a weirdo

[09:58] {nemo} who...Les? :)

[09:58] {Threei} well, let's not make it personal because some may find themselves in a glass house {G}

[09:58] {strider} RIMM

[09:58] {Les} oooh in fine form today nemo

[09:59] {nemo} oh yeah...and I throw the stones from the inside

[09:59] {nemo} sorry les...when Vad sticks YOUR chin out like that, I have too

[09:59] {nemo} I'll expect payback

[10:00] {Les} yeh 1 letterbomb express mail

[10:00] {strider} lotsa sellers, KERX

[10:00] {Threei} ATHR, if anyone is holding for more, stategy at this point is:

[10:00] {Threei} stop under 30, offer 1.4 more just above .20

[10:01] {dino} hmmm, i see they dumped the ed's while i was away

[10:01] {Threei} yeah

[10:01] {ese} yup

[10:02] {Threei} 1:2 ATHR

[10:02] {Threei} stop to under .10

[10:02] {ese} lots of buyers too

[10:02] {ese} kerx

[10:02] {Threei} last portion is a choice between exiting at 1:3 or trailing from now on

[10:04] {BillyD} SOMX action

[10:05] {ese} sure ....now i get my pullback

[10:06] {strider} short CBAK .87

[10:07] {strider} stop .95

[10:07] {ese} higher low st.....wha...da ...ya figer

[10:07] {strider} I dunno. I'm about ready to bail.

[10:07] {ese} where you in at

[10:07] {strider} I think there's so much for sale at 3.,

[10:07] {strider} 3.00

[10:07] {ese} could be

[10:08] {strider} I'll wait for a higher low also.

[10:08] {nemo} watching wag, for break of .80

[10:08] {strider} stop 2.87 for me, KERX

[10:09] {nemo} Les...you want my address?

[10:09] {ese} ya ....if it puts it in here....it'll make the high of the day i think.....more times than not with this pattern they do........but.......stocks go up except when they don't and down except when they don't

[10:10] {Les} Vad's already given it me...

[10:10] {Threei} with map attached

[10:10] {Threei} ATHR 1:3

[10:10] {Threei} beautiful setup, textbook

[10:10] {fernp} JWN long .80 stop under .70

[10:10] {Threei} now, textbook says:

[10:10] {fernp} out ...and late post

[10:11] {Threei} 1:3 if taken more often than not leads to fast 1:4

[10:11] {ese} hmmmmm .99 give me .15 .84 for me

[10:11] {nemo} trail above the 13 ma

[10:11] {Threei} if trailing, trail under .20

[10:11] {ese} here we go........theres a good little stock

[10:12] {nemo} what stock ese?

[10:12] {ese} kerx

[10:13] {Threei} DRYS over 1:1

[10:13] {Les} from your .40 break, yeh

[10:13] {Threei} right

[10:13] {Threei} your .45 break has two variations

[10:14] {Les} you'll have to show me where I should have entered when things have quietened down

[10:14] {Threei} one is if trade was taken as scalp type 1

[10:14] {Threei} then stop would be under .40, so it's at 1:1 as well

[10:14] {Les} ok

[10:14] {Threei} or as a scalp type II or a day trade, then your stop is under .35

[10:14] {ese} move day for drys.....like the third round of a golf tournament

[10:14] {Threei} and you have a few more cents till 1:1

[10:15] {ese} i think were lookin good here st

[10:15] {Threei} I told the entry when you first asked Les... and even before that

[10:15] {Threei} .40 break

[10:15] {Threei} ATHR 1:4

[10:15] {Threei} my a$$ is out

[10:16] {ese} no vad........not that

[10:16] {strider} oh, lord...another trading log that can't be posted.

[10:16] {ese} higher low st.....lets make the high

[10:17] {strider} I was hoping for an all day trade, but doesn't look like it now.

[10:17] {ese} all day trade in what

[10:18] {strider} kerx/....thought it might really take off.

[10:18] {ese} auch nuu aye man........

[10:18] {strider} boutght snmall with the idea of partialling in with confirmation.

[10:19] {ese} good plan.....might be better than mine still

[10:19] {ese} i plan on gettin out at the highs

[10:19] {strider} Now all I got is two stocks dead in the water.....

[10:19] {ese} if it ever bloody gets there

[10:19] {strider} and I think vad has retired.

[10:20] {nemo} sqnm

[10:21] {ese} naaaaaahhhhhh! He just watches us....shaking his head thinkin......."what am i doing here....what am i doing"

[10:21] {Threei} don't see any news SQNM

[10:21] {Threei} some rumor somewhere probably

[10:22] {strider} RIMM?

[10:22] {strider} too late

[10:22] {nemo} it's right at support

[10:23] {strider} now lower high, ese. volume dropped to zip.

[10:23] {BillyD} Vad, your hover trick makes a big difference

[10:23] {ese} maybe

[10:24] {Threei} good to hear Billy

[10:24] {Threei} me useful

[10:24] {Threei} me glad

[10:24] {ese} what the hover trick

[10:24] {Threei} that's for Laser ese

[10:24] {ese} ahhhhh

[10:24] {BillyD} have ot get ese a pigeon trick

[10:25] {BillyD} a fast pigeon that is

[10:25] {ese} so your sstill just sitting there shaking your head wondering....."what am i doing here"?

[10:26] {ese} we ove ya vad!!! well at least i do

[10:26] {ese} love

[10:26] {nemo} manlove...wonderful

[10:27] {Threei} ummm

[10:27] {nemo} speechless

[10:27] {Threei} sorry ese, we will have to settle on a handshake

[10:27] {ese} done

[10:27] {Threei} I am very limited in my gender prefeences

[10:27] {nemo} what about species?

[10:28] {Threei} that too

[10:28] {Threei} humans and green men (well, women) from Mars

[10:28] {ese} st.....we may get the all day consolidation at 3.00 quell drag

[10:28] {strider} DOE inventory numbers at 10:30

[10:28] {Threei} or is it ZVenus

[10:28] {dino} gme hl l .00

[10:28] {strider} fwiw

[10:29] {fernp} have to install a samba server. i'll be back in a couple of hours

[10:29] {ese} dino.....your back

[10:30] {Threei} *DOE CRUDE: +2.1M V 0.0E; GASOLINE: +4M V +750KE

[10:30] {Threei} DISTILLATE: -1.1M V -500KE; CAPACITY UTILIZATION: 79.7% V 80.8%E

[10:30] {nemo} wow

[10:31] {dino} lol es

[10:31] {Threei} Update: Tiger Woods issues statement: says he has "let his family down" with his "trangressions"

[10:31] {strider} whatever.

[10:31] {nemo} well...there goes the sponsorship money

[10:31] {ese} huh your kidding

[10:31] {ese} where did you read that vad

[10:32] {Les} like he needs sponsor money anymore

[10:32] {nemo} not the point les

[10:32] {dino} leave the guy alone

[10:32] {BillyD} things stuck right now

[10:33] {Les} CAT b/d .50 trigger?

[10:35] {Threei} i the news ese

[10:35] {Threei} I like CAT chart

[10:35] {Threei} hopefully it stays under .60

[10:36] {Threei} for a tight stop

[10:36] {Threei} its nature is not very conducive to tight stop plays

[10:36] {Threei} but if market drops, this break should be nice

[10:36] {Threei} thing is red while market is strong

[10:37] {Threei} volume dris up on bounces

[10:37] {Threei} dries

[10:37] {nemo} aig short .04?

[10:37] {nemo} stop a bit wide

[10:38] {Threei} nah

[10:38] {Threei} not my kind of setup

[10:38] {ese} kerx....looking dud ish st

[10:38] {nemo} could just be trend continuation

[10:40] {dino} ced hl l .65

[10:40] {nemo} ced dino?

[10:40] {strider} ced?

[10:41] {nemo} think amzn will ever stop?

[10:42] {dino} opps cedc

[10:43] {dino} acl

[10:44] {nemo} patience, you in kgc?

[10:48] {strider} out CBAK +.01...what a dog.

[10:48] {patience} no nemo, i am only hgu

[10:48] {patience} big day for me yesterday

[10:48] {patience} so i am just quietly going with hgu today...letting it trade

[10:51] {patience} out hgu, macd just flipped +.82

[10:52] {larisa} gj

[10:54] {strider} damn kerx.....huge offer

[10:54] {nemo} 3.01 also

[10:55] {strider} yeah...doesn't look like it's going anywhere.

[10:55] {strider} well, it's getting eaten up.

[10:55] {strider} whoa.

[10:55] {strider} jeez.

[10:56] {BillyD} watching SOMX

[10:56] {BillyD} can be a toughie though

[10:57] {Les} still watching CAT. AIG b/d .80 trigger?

06[10:57] * strider slaps Threei around a bit with a large alarm clock.....time to get up!

[10:58] {nemo} Dino, gmcr, maybe bear flag

[10:58] {strider} out KERX +.07

[10:58] {ese} nice one

[10:59] {Threei} CAT just doesn't set up

[10:59] {Les} not yet

[10:59] {Les} .20 stop doable?

[11:00] {Threei} and AIG, for the world of me I can't tell whether it's breakdown, or sit at the low then spike

[11:01] {Threei} I'd prefer aggressive entry on CAT

[11:01] {Threei} .70 is closest resistance

[11:02] {Threei} no clear trigger for now

[11:02] {nemo} .66 is pivot

[11:03] {strider} there goes the market.

[11:04] {Les} so we're not permitted to play CAT. by invitation only?

[11:04] {Threei} huh?

[11:04] {Threei} see how .50 entry would put you in a very uncertain position now?

[11:05] {Les} y

[11:05] {Threei} because it would be done at the end on vertical drop

[11:05] {Les} that's what I meant by invitation only

[11:05] {Threei} but any kind of aggressive entrey would already be in a very nice profit

[11:05] {Les} hmm

[11:05] {Les} aig too

[11:05] {Threei} market drop takes them all down

[11:06] {dino} sm s acl .20

[11:09] {dino} stopped -.35

[11:09] {ese} what the h is this drop all about

[11:09] {BillyD} does it need a reason

[11:09] {Threei} maybe this:

[11:09] {Threei} US House approves plans to create first Federal Insurance industry regulator (related AIG MET GNW PRU HIG PFG LNC UNM GNW AFL )

[11:10] {Threei} or this

[11:10] {Threei} UA) IMF: Dubai's direct effects on international banks appear contained, sees no need to provide Dubai with financial support

[11:10] {Threei} - Calls on UAE to communicate with investors to ensure timely resolution of debt issue

[11:10] {Threei} or it's just time for markert to roll over and die

[11:11] {ilana} did these news just come out?

[11:12] {larisa} this rally already got a name "most hated" :)

[11:12] {ese} you know....i keep reading that there is still lots of uncommitted money out there.....can't see it but maybe there is

[11:12] {strider} long AIG .44

[11:13] {Threei} yes ilana

[11:13] {Les} yes, someone jerking traders chains today

[11:13] {Threei} because most everyone missed it larisa... and waited in vain for price to return for entry, or even shorted it

[11:15] {larisa} hubby got in in march. i told him to get out at DOW 9900 :) now he is very angry with me :)

[11:16] {strider} out AIG +.14

[11:16] {strider} +.16

[11:16] {Threei} wtg

[11:17] {strider} thx vad

[11:18] {dino} gj

[11:19] {Les} cat did its big drop again

[11:19] {strider} SSTEC

[11:19] {strider} STEC

[11:20] {strider} missed it

[11:22] {dino} dgw

[11:23] {strider} : STEC declines after Micron announces plans to enter solid state drive market

[11:25] {Les} another short entry on CAT coming? .20?

[11:25] {Threei} CAT follows the market right now

[11:26] {Threei} market drops, so will CAT

[11:30] {Threei} Barclays is reportedly ending its bets on EUR rising v USD (related EUR/USD )

[11:31] {Threei} another contributing factor to market weakness

[11:31] {Threei} if USD is bottoming out, we are to see market dump

[11:31] {larisa} AMZN exploded

[11:32] {larisa} interesting stock. it is either up all day or down all day. I seldom can catch good bounces on it.

[11:33] {larisa} against the trend it is

[11:34] {strider} ese, you still in KERX?

[11:38] {dino} gme stopped -.35

[11:41] {strider} Favorite quote from our favorite author:

[11:41] {strider} And what is it a trader needs to control? We know we cannot control the market. All we need to control is ourselves, our own behaviour. And this self-control is what enables us to win in the market. It's just uncomfortable. It requires discipline; unclouded, unbiased thinking; and the willingness to admit mistakes without ego intervention. Discomfort and profit go hand in hand.

[11:41] {Threei} sounds familiar...

[11:42] {Threei} I have read it somewhere

[11:42] {Moose} !

[11:42] {dino} in the zone?

06[11:42] * Threei slaps dino around a bit with a large book of Techniques of Tape Reading

[11:42] {strider} But this board of nails is a little excessive. Do all newbies in the room have to use it?

[11:42] {dino} busting you buddy

[11:42] {BillyD} lol

[11:42] {Threei} :)

[11:43] {BillyD} Vad, did you write TTR before the Zone?

[11:43] {Threei} hmmm

[11:43] {Threei} I don't remember... gotta look what year Zone was published

[11:43] {larisa} discomfort and profit.. pain and loss.. can we ever be happy at work ? :)

[11:44] {BillyD} 2000

[11:44] {dino} nvo

[11:44] {strider} long STEC .76

[11:44] {Threei} my copy is 2001... so TTR was mostlywritten

[11:45] {strider} out +.08

[11:46] {Threei} not taking any chances eh

[11:46] {strider} stretchy candle scared me

[11:46] {Threei} and volume spike

[11:48] {BillyD} have confession Vad

[11:49] {strider} uh-oh.

[11:49] {BillyD} took NVAx this morning on .50 break

[11:49] {BillyD} only to be denied once again

[11:49] {BillyD} with same thoughts of "what am I doing in this stock"

[11:49] {Threei} no kidding

[11:50] {BillyD} denied by couple pennies of winning trade

[11:50] {dino} acl nonstop

[11:50] {Moose} i'm thinking that one could almost make a living just trading FAS and FAZ

[11:50] {Threei} it wasn't much of a player on most of it swine flu news when swine flu was a future threat

[11:50] {nemo} cat on the edge again

[11:50] {strider} no news on acl

[11:50] {BillyD} the risk was .10 as low of day

[11:50] {nemo} I'll go for coffee...should trigger

[11:52] {Threei} what do you want from it nemo? }16 as shor trigger?

[11:52] {Threei} short

[11:52] {Threei} GM Chairman Lutz: GM is poised to be profitable in "anything close" to a normal market

[11:52] {BillyD} lol

[11:52] {Threei} Notes GM management was surprised by CEO Henderson's decision to step down.

[11:52] {Threei} huh?

[11:53] {Threei} wasn't he "fired" by autobuilder-in-chief?

[11:53] {Moose} bbl

[11:55] {strider} dbl top, moose?

[11:55] {Threei} market looks breakdownish

[11:55] {dino} yes

[11:55] {Threei} and CAT triues to follow

[11:56] {strider} double bubble?

[11:56] {Threei} anyone takes this short, stop is around .30

[11:57] {strider} acl, wow...moves in dollars

[11:57] {Threei} look at its spread

[11:58] {strider} yeah.

[11:58] {strider} That's why dino like it. :)

[11:58] {nemo} dino flosses with barbed wire

[11:58] {Threei} CAT works

[11:58] {Threei} a bit too slow for CAT...

[11:59] {nemo} hah, I went for coffee...what I tell ya'

[11:59] {Les} so why did you go for coffee?

[11:59] {nemo} needed a cup...expensive cup

[11:59] {nemo} well, maybe

[12:00] {nemo} .07 is support for cat

[12:00] {nemo} pivot support that is

[12:01] {strider} folken, I gotta go....

[12:01] {strider} I'll leave acl to you.

[12:01] {BillyD} cya ST

[12:01] {strider} a la manana.

[12:01] {strider} or banana

[12:01] {Threei} take care strider

[12:01] {strider} :)

[12:07] {dino} later stride

[12:08] {Threei} over 1:1 CAT

[12:08] {BillyD} RIMM in its own world today

[12:10] {nemo} aig at resistance

[12:11] {dino} cat to .00, thks 3i

[12:12] {Threei} credits to les and nemo

[12:12] {Threei} I just provided running commentary

[12:12] {dino} alrighty then thx les, cosmo

[12:12] {nemo} yeah...when I went for coffee it triggered

[12:12] {larisa} lol

[12:12] {dino} took .15

[12:13] {larisa} cosmo is in Tibet

[12:13] {nemo} australia

[12:13] {dino} opps nemo, sorry about that

[12:13] {nemo} seeing the DL

[12:13] {nemo} sorry about what?

[12:13] {larisa} must be the same for real american :)

[12:13] {dino} thx nemo

[12:15] {dino} bstop to .95

[12:15] {BillyD} nice trail dino

[12:15] {dino} to .91

[12:15] {dino} ty

[12:17] {Threei} Just 21% Favor Bernankes Reappointment As Fed Chairman

[12:17] {Threei} throw the bum out

[12:17] {Threei} and abolish the fed while at it

[12:18] {dino} cyber crashed, did my bstop hit?

[12:18] {Threei} no

[12:18] {BillyD} at .83 x .85

[12:18] {dino} ty

[12:19] {Threei} sharp drop now

[12:19] {Threei} .74

[12:19] {nemo} .72 dino

[12:19] {Threei} cover if you can

[12:19] {dino} still not in

[12:19] {dino} cyber issue, other computers working

[12:19] {nemo} call broker

[12:21] {nemo} .67 dino

[12:21] {dino} cov. .70 thru phone, +.45 thx again

[12:21] {Threei} whew

[12:21] {Threei} wtg

[12:21] {nemo} cool

[12:22] {Threei} would be a real shame to run into sharp bounce and let such nice one evaporate

[12:22] {nemo} better than a sharp stick...huh vad

[12:22] {dino} appreciate the updates and call, fl

[12:22] {dino} ok, back into trade sys.

[12:22] {Threei} AIG is holding strangely well

[12:24] {Threei} Long Setup: .80 break AIG

[12:24] {Threei} stop under .70

[12:25] {dino} jst drop

[12:25] {Threei} not every day this animal shows setup with just 10 cents risk

[12:25] {Threei} gotta try it when it does

[12:26] {nemo} becomes a fade on failure

[12:26] {dino} acl spikes again

[12:30] {Threei} let's trail to under .75

[12:30] {Threei} a bit too long stall

[12:39] {ese} st.......was on the phone to the czeck republic....yup i'm still in kerx....stop is .84 just gonna let it ride

[12:40] {ese} czech

[12:40] {ilana} suspiciously slow, aig

[12:41] {ese} and Belgium

[12:42] {nemo} lunch time

[12:42] {ilana} i knew you would say it :-)

[12:43] {dino} acl sm s ..20 ave risky

[12:43] {ilana} wow, if you say risky, it must be a hell

[12:44] {dino} lol, .17 spread

[12:45] {Threei} 1"1

[12:46] {Threei} 1:2

[12:46] {Threei} me out

[12:46] {Threei} thank you AIG

[12:46] {dino} gj

[12:48] {Threei} that's 4 for 4

[12:48] {dino} smokin'

[12:48] {Threei} had bad day yesterday dino

[12:48] {Threei} just digging my way back

[12:49] {dino} cov acl .88

[12:49] {dino} 155.88 that is wow!

[12:50] {dino} +3.32

[12:50] {dino} lucky

[12:50] {Threei} wtg

06[12:50] * nemo slaps dino around a bit with a large roll of cash

[12:50] {ilana} gj!

[12:50] {dino} thing collapsed

[12:54] {patience} .

[12:56] {ilana} WFC .45 break?

[12:57] {nemo} hard to tell, chart right though, volume characteristics iffy

[12:57] {ilana} plus the lunch time...

[12:57] {nemo} hey! that's my line...

[12:58] {ilana} i just borrowed it, ok

[12:58] {nemo} life is plagiarism

[12:58] {BillyD} play nice nemo

[12:58] {Threei} that's why I love living I guess

[12:58] {nemo} I was watching cat for .85 abreak but volume weird

[13:02] {dino} acl bounces again

[13:07] {BillyD} gern stem

[13:09] {Moose} lol... there was just an ad above on Mibbit about catching plagiarism

[13:10] {Moose} timely

[13:11] {Threei} it's not mibbit Moose

[13:11] {Moose} :D

[13:11] {Threei} it's me

[13:11] {dino} i see it

[13:11] {Moose} lol ic

06[13:11] * nemo slaps Moose around a bit with a large trout

[13:11] {Threei} [12:58] {nemo} life is plagiarism

[13:11] {Threei} [12:58] {BillyD} play nice nemo

[13:11] {Threei} [12:58] {Threei} that's why I love living I guess

[13:11] {Threei} this exzchange moved me to come up with that :)

[13:11] {dino} acl crazy again

[13:11] {Moose} ahhh ic

[13:11] {Moose} :O

[13:11] {nemo} didn't notice billy's comment...play nice? what's wrong with that?

[13:12] {Threei} nothing, Billy just still has this illusion that you can be reigned

[13:12] {BillyD} you are getting slow

[13:12] {Threei} a few more months and he will make his peace with the fact that you are incorrigible

[13:12] {BillyD} lol

[13:13] {Threei} after all, he gave up on me, didn't he

[13:13] {nemo} no, I subconsciously don't pay attention to you

[13:14] {BillyD} you are right vad, he won't behave

[13:14] {BillyD} I accept it

[13:15] {Threei} I did

[13:15] {Threei} and my life became easier

[13:15] {Threei} and I am all for "make your life simpler"

[13:15] {BillyD} feeling more peaceful already

[13:16] {nemo} now we can't have that

[13:17] {ilana} 1:1 WFC

[13:17] {Threei} :)

[13:18] {Threei} btw on WFC

[13:18] {Threei} where did you enter it Ilana?

[13:18] {ilana} .45

[13:19] {Threei} ok, little comment:

[13:19] {Threei} look at its chart starting from it's bottoming around 12:22,

[13:19] {Threei} see this ladder withing an ascending channel?

[13:20] {ilana} yes

[13:20] {Threei} it did two such moves before it got your attention

[13:20] {Threei} and when it starts uptrending like this,

[13:20] {Threei} the best entry is off lower envelop of this ascending channel

[13:20] {Threei} with exit into higher envelop

[13:20] {ilana} .40?

[13:20] {ilana} entry

[13:21] {Threei} in this case it means, your best entry was on plullback to .40

[13:21] {Threei} right

[13:21] {Threei} around 13:06 - 13:08

[13:21] {ilana} k thx

[13:21] {Threei} smaller stop, better reward

[13:21] {nemo} yeah, volume wasn't giving an idication of what was happening

[13:22] {Threei} right, and I hate breakouts when the pace is so evenly distributed'

[13:22] {nemo} ty

[13:22] {ilana} r u ok nemo?

[13:23] {nemo} o.k. I'll bite...why do you ask ilana?

[13:23] {ilana} being out of your image

[13:24] {Threei} lol

[13:24] {nemo} I say thank you...especially after you let me knaw on your arm for a while

[13:24] {BillyD} rflol

[13:24] {ilana} lol

06[13:24] * nemo thinks he should give up the coffee

[13:25] {ilana} anytime

[13:25] {nemo} too far away I'm sure

[13:25] {nemo} besides, they only let me out for a couple of hours each day

[13:26] {ilana} at lunch time i guess

[13:26] {ilana} that's you fav one

[13:27] {nemo} seed doing the same thing it did yesterday, dance in a range for most of the day

[13:28] {nemo} looking at Qs and spy, are we getting bear flags, or?

[13:28] {ilana} why do you hate evenly distributed pace, Vad?

[13:29] {nemo} can't read it

[13:29] {nemo} when you were looking at that C&H I was looking for volume pattern to confirm the C&H and the break you were looking for. It wasn't there

[13:29] {Threei} when the pace changes from upward to downward move, I can get rythm

[13:30] {Threei} and I can undertand which direction is favored

[13:30] {Threei} when it's just steady up and down with the same volume/pace, it's too random

[13:30] {ilana} i see

[13:30] {nemo} ilana, copy and paste that chart and save it

[13:31] {ilana} a little paradox but true

[13:31] {ilana} what chart nemo?

[13:31] {nemo} next time I see a good example of C&H volume pattern or pullback volume pattern confirming a break, I'll point it out

[13:31] {nemo} wfc

[13:31] {ilana} ok

[13:33] {ilana} where did you see C&H on WFC chart when i posted it?

[13:34] {nemo} it wasn't perfect, but you could make the argument for 12:32 to 12:59

[13:35] {ilana} oh ok, didn't refer to it as C&H, just resistane break

[13:36] {nemo} yes, but the pull back still should have shown a pullback and then a rise in volume toward the breakout point

[13:37] {nemo} you actually had a drop in volume which is a non-confimration

[13:51] {Les} vad, comments you made to Ilana vis a vis WFC trade earlier. does this apply to DRYS this morning?

[13:53] {Threei} well, DRYS was simply a matter of breaking first resistance as a trigger

[13:53] {Threei} vs waiting for some reason for another resistance

[13:53] {Threei} look it this way:

[13:54] {Threei} yeasterday's high on DRYS and today's first morning range showed .40 as a trigger

[13:54] {Threei} that became an etry

[13:54] {Threei} entry

[13:54] {Threei} what is the point of waiting for it to form another range, .40 - .45, and buying .45 break?

[13:55] {larisa} when you posted this morning my quote showed .44 on DRYS already. Not sure if it was my quotes or your MIRC

[13:56] {larisa} or my MIRC or your quotes :)

[13:56] {Les} well in your book entering at the lower end of the envelope is an aggressive trade

[13:56] {Threei} I talked about .40 earlier,

[13:56] {larisa} missed it then

[13:56] {Threei} at the moment of question I didn't look at it, was busy with something else,

[13:56] {Les} but here I read of caveat that "when the stock is uptrending"

[13:56] {Threei} but it did pull back to .40

[13:57] {Les} so one can be a little more aggressive in an uptrend?

[13:57] {Threei} wait a second

[13:57] {Threei} stock broke .40,

[13:57] {Threei} which was an origanl tyrigger,

[13:57] {Threei} then aftet moving up pulled back to .40

[13:57] {Threei} that's not agressive entry

[13:58] {Threei} that's conservative entry

[13:58] {ese} gonna hit the trail.......see ya tomorow

[13:58] {Threei} take care ese

[13:58] {ese} still L kerx

[13:58] {ese} see ya vad

[13:58] {Threei} but without regard to this particular trade yes, in a strong uptrending environment aggresive entries often prove the best

[13:59] {Les} missed several trades today as trending environment enabled stock to jump over entry point

[13:59] {Threei} ATHR was easy to get

[13:59] {Threei} it sat around .02 long enough fore entry

[13:59] {Les} that i wasn't following unfortunately

[14:00] {Les} I chose that loser DRYS instead

[14:00] {Threei} and even DRYS was winner...

[14:00] {Les} hmmm

[14:00] {Threei} FED'S BEIGE BOOK: BANKS FELT ECONOMIC CONDITIONS IMPROVED MODESTLY

[14:01] {Threei} US) Fed's Lacker: US fiscal deficit is a huge challenge, Fed will not allow inflation to rise in order to reduce deficit

[14:01] {Threei} wow... those are fighting words

[14:01] {Threei} dino, do you believe him?

[14:01] {nemo} liar

[14:01] {dino} no

[14:01] {dino} inflation is the only way out, imo

[14:02] {nemo} no it isn't

[14:02] {dino} ?

[14:02] {nemo} default

[14:02] {Les} touché

[14:03] {dino} well, devaluation and inflation will be less painful

[14:03] {nemo} wow, accent and everything

[14:03] {nemo} oh, and they care about the serfs

[14:03] {Les} http://www.thedailycrux.com/content/3455/Porter_Stansberry

[14:04] {Les} don't have accents on English language keyboards?

[14:05] {nemo} no

[14:05] {BillyD} Vad, WFC short idea?, it seems not consistent w/ my memory on standard setups working at good %

[14:06] {BillyD} lately

[14:06] {Les} I'll text santa to send you a swiss logitech keyboard nemo

[14:06] {Les} WFC vad. b/d from here?

[14:06] {Les} .30 trigger

[14:06] {Les} ?

[14:06] {Threei} nor right away

[14:07] {Threei} need little bounce, then break

[14:08] {Threei} ideally, forming inverted C&H

[14:08] {BillyD} ASIA on my radar for 2 days now, w/ low volume and range hard to be convinced to enter

[14:08] {nemo} mon tempting short

[14:09] {nemo} vwap at .70 though

[14:15] {nemo} yeah, that .70 area a bit too important

[14:15] {dino} tsl

[14:15] {nemo} there's your jbe

[14:16] {Les} handle forming on WFC

[14:16] {Threei} .35 resistance so far

[14:21] {nemo} wf, looking long now

[14:21] {nemo} wfc

[14:22] {nemo} holding well against the market

[14:23] {Threei} market doesn't really do anything

[14:23] {Threei} 4 points NW move?

[14:23] {Threei} NQ

[14:23] {nemo} yeah, but that last drop wfc strengthened

[14:27] {BillyD} out WFC -.07

[14:27] {dino} jst sm l .75

[14:31] {Threei} oh my god

[14:31] {nemo} for you to say that...sheesh

[14:31] {Threei} let me go puke, then I'll post it

[14:31] {nemo} he's on tv again

[14:32] {Threei} here:

[14:32] {Threei} (US) White House: President Obama has asked economic team to "do whatever possible" to create conditions that encourage hiring

[14:32] {nemo} oh no...

[14:32] {Les} good soundbit

[14:32] {Les} soundbite

[14:33] {nemo} seed crashing

[14:33] {Threei} I can't make my choice between "no clue" and "I give up, I have no idea what to do"

[14:33] {ilana} isn't it the same?

[14:33] {Threei} well, have to describe that soundbite somehow

[14:34] {Threei} "someone do something!"

[14:34] {Threei} no news SEEF

[14:34] {Threei} SEED

[14:34] {dino} pretty basic what needs to be done

[14:34] {Threei} cut frigin taxes

[14:34] {Threei} create financial room for businesses to hire

[14:34] {nemo} anybody find it interesting that last week the fed talked about testing that reverse repo system, then Plosser talked about having to raise interest rates, then the leveraged etf's getting the leveraged pulled out of them

[14:35] {Threei} they are trying to jawbone the dollar

[14:35] {nemo} well #2 yes

[14:35] {nemo} numbers 1 and 3...something else

[14:35] {Threei} #1 too

[14:35] {Threei} sucking out liquidity

[14:35] {dino} right 3i

[14:36] {nemo} kinda' but, they start that, market goes down the sh%$!!er

[14:36] {Threei} yes,

[14:36] {nemo} and everybody hops on the leveraged shorts

[14:36] {Threei} so they are trying to do it sopftly,

[14:36] {Les} yeh but Obama needs to be elected when?

[14:36] {nemo} yeah, it's starting sooner than we think

[14:36] {Les} 2012?

[14:36] {nemo} 2012

[14:36] {Les} suck it out now

[14:36] {nemo} we'll all be dead

[14:36] {Les} reinject it 2011

[14:36] {nemo} right after election day

[14:36] {Threei} if jawboning succeeds, it will have much less effect than actrual implementation of measures

[14:37] {nemo} jawboning isn't working anymore, especially when you have multiple trillions to refinance

[14:37] {Les} so obama jawbones for the public

[14:37] {Threei} (US) Fed's Lacker: Looking for "well established" growth before tightening rates, real interest rates clearly need to rise

[14:37] {Threei} - Tightening is more about the expected pace of growth

[14:37] {Threei} - Exit strategy should start with asset sales

[14:37] {Threei} - Sees value in getting the Fed out of the housing market

[14:38] {Les} while the fed pulls the switch

[14:38] {Les} on this economy

[14:40] {fernp} im back. good day today?

[14:40] {fernp} scrolling up, I only see one official call on AIG

[14:40] {nemo} 4 for 4

[14:40] {fernp} nice

[14:40] {Threei} most of them were in running comentary

[14:41] {Threei} not leaving me time to type the script

[14:41] {fernp} i will read tonight

[14:42] {Les} WFC coming back to support

[14:42] {Les} that ugly handle qualify WFC as C&H?

[14:42] {nemo} crissakes Les, you see C&H in everything?

[14:43] {Les} belt up

[14:43] {Les} :) i mean that in a nice way

[14:43] {nemo} I don't take it that way

[14:43] {Les} WFC was rounding out its cup nicely. Wondering if handle is valid or is that too far removed from cup?

[14:44] {Les} it has bounced as Vad was looking for

[14:44] {nemo} Les...did I ever tell you about my Disgruntled Postal Worker Fantasy List?

[14:44] {Les} ain't I already on it?

[14:44] {nemo} nice one

[14:45] {nemo} actually no, as a Swiss citizen you are required by law to have an automatic weapon on the premises...I'll skip you

[14:45] {Threei} wrong sequence les

[14:45] {Threei} you don't get on that list

[14:45] {Threei} by default weveryone is on it,

[14:45] {Threei} you can either remain on it on get off of it

[14:45] {nemo} I thought that was DP's list?

[14:46] {Les} oh right I get it

[14:46] {Les} nemo is disgruntled postal worker

[14:46] {nemo} Actually Vad, if I do it that way, I'll have to get warheads

[14:46] {Les} lol

[14:46] {BillyD} notuse to GERN maintaining its gain

[14:47] {Les} sorry, office massacres not part of swiss culture. didn't understand the joke

[14:47] {Les} or should I take Nemo in all seriousness?

[14:48] {nemo} oh sorry, cross-cultural nuance

[14:48] {nemo} no...nobody else does

[14:49] {Threei} I don't believe GERN Billy

[14:49] {larisa} i try to see good in everybody.. you can train yourself to do that.. hard but possible

[14:49] {BillyD} too many memories vad

[14:49] {Threei} serial disappointer

[14:49] {nemo} Oh I see the good...then...I just ignore it

[14:50] {BillyD} yes, but if takes .20 with daily it is compelling

[14:50] {Threei} larisa... can I guess who you are having molst troubles with? {G}

[14:50] {nemo} sure

[14:50] {larisa} you will be wrong :)

[14:50] {nemo} who you talking to Larisa?

[14:51] {larisa} answering vad :)

[14:51] {nemo} mos very strong today

[14:53] {BillyD} unless SOMX gets electric shock, it's not gonna make an eod run

[14:53] {BillyD} it has pending FDA approval or disapproval for friday

[14:54] {dino} pot too

[14:55] {nemo} yeah

[14:58] {dino} mos

[14:58] {dino} whole group is running

[14:58] {nemo} mon related, been running for a month

[15:01] {nemo} mos momo

[15:10] {nemo} look at the day long downward wedge on fcx

[15:12] {Moose} no i'm not

[15:12] {Les} yes you are

[15:12] {Moose} heh

[15:13] {Les} hmm would like to short fcx overnight, but who knows where market is tomorrow?

[15:13] {nemo} you have a macd divergence les

[15:13] {BillyD} SQNM news Vad?

[15:13] {Threei} why woud tou want to keep it short overnight?

[15:14] {nemo} his middle name is Soros?

[15:14] {Threei} rumors Billy

[15:14] {Threei} Sequenom, Inc Ticking higher; hearing vague chatter company could announce a resolution to its mishandled test data issues from April

[15:14] {Threei} - Note: SQNM delayed launch of SEQureDx Trisomy 21 Test on 4/29 due to information an employee mishandled test data and results

[15:14] {BillyD} TY

[15:15] {Threei} keeping half eye on NANO

[15:16] {Threei} trying to see whether it has a chance to go alive again

[15:17] {ilana} .35 break?

[15:18] {Threei} I doubt it has any technicals behind it

[15:18] {Threei} until someone shows me how to use technicals on momos :)

[15:18] {nemo} np

[15:18] {BillyD} yeah, if anything I would take .30, pray and keep .10 stop

[15:18] {ilana} isn't it db on 5 in chart with resistance at .35?

[15:19] {nemo} throw out structure on momos ilana

[15:19] {Threei} it sure is... but the point is, they do not obey these formations

[15:20] {Threei} they are easily break, drop under support, spike over resistance and take your stops in all directions if you try to play standard formations

[15:20] {ilana} why is it momo

[15:20] {nemo} moves fast without technicals

[15:20] {nemo} gotta' read T&S

[15:21] {Threei} why does it become a momo, orhow to tell the momo?

[15:21] {nemo} why? what why?

[15:21] {ilana} you mean this morning?

[15:21] {Threei} yes

[15:24] {Threei} daily chart SQNM... 4.50 is important resistance to break

[15:24] {nemo} wow, yeah

[15:25] {nemo} lotta' confluence there

[15:27] {Threei} I like the chart,

[15:27] {Threei} I like the gaop above resistance to fill,

[15:27] {Threei} what I don't like is rumors-based movement

[15:27] {Threei} don't know guys, discretionary thing

[15:27] {Threei} you likey - tyou takie

[15:28] {nemo} at end of day no less

[15:28] {nemo} where's Mags?

[15:28] {Threei} well, it may come to break tomorrow

[15:28] {Threei} mags decided to sit out all momos

[15:28] {Threei} SEED yesterday, NANO today

[15:28] {Threei} then he will come and cry about nothing to ttrade

[15:29] {nemo} yeah...

[15:29] {nemo} whiney bastid

[15:29] {Threei} and I will secretlt send dino boxes of beer so he puts his elbow in mags rbicage on my behalf

[15:29] {Moose} geeze

[15:29] {nemo} I know I know

[15:29] {nemo} glass houses

[15:32] {nemo} every drunk and his uncle has to be looking at that fcx wedge

[15:32] {Threei} Market Internals update at 3:30pmET

[15:32] {Threei} - NYSE volume 760M shares, about 17% below its three-month average; advancers lead decliners by 1.4:1.

[15:32] {Threei} - NASDAQ volume 1.74B shares, about 6% below its three-month average; advancers lead decliners by 1.4:1.

[15:32] {Threei} - VIX index -3.1% to just over 21.00

[15:34] {dino} i'll glady accept the beer vad

[15:34] {dino} magoo's still hunting, back friday

[15:34] {Threei} I know... beer AND pleasure of hitting magoo with elbow

[15:34] {dino} bwx

[15:34] {Threei} who could resist

[15:34] {nemo} not me

[15:35] {dino} won't be the first (or last) time

[15:35] {ilana} RIMM

[15:36] {nemo} look at Qs Ilana

[15:37] {ilana} i did

[15:37] {Threei} whe these momo movers finish this close to high, they usxusally gao up next day.. unless something bad hiots the wires overnight

[15:39] {Threei} notice interesting thing guys

[15:39] {Threei} remember how every day would end up with run to the dayu high?

[15:39] {Threei} second day in row today we finish with selloff

[15:40] {Threei} big or not, doesn't matter

[15:40] {Threei} it's a mood changer

[15:40] {larisa} 20 more minutes

[15:41] {Threei} yeah, range is narrow and we still could rally back up

[15:41] {nemo} upward wedge on aig top at 31.16 ramping from open

[15:41] {Threei} but doesn't dfeel like it's going to happen

[15:41] {Les} would like to see greater trend based mood change vad.

[15:41] {Threei} me too

[15:41] {Les} night all

[15:41] {nemo} digesting yesterday Vad

[15:42] {Threei} take care Les

[15:42] {dino} cya les

[15:42] {nemo} les ...

[15:43] {nemo} will still positive for the day

[15:47] {Threei} I can't resist the temtation

[15:47] {Moose} adios amigos

[15:47] {Threei} half lot of NANO

[15:47] {Threei} 13.05

[15:47] {Threei} stop under 12.80

[15:47] {Threei} and intend to hold it

[15:47] {Moose} see yous later

[15:47] {Threei} take vare moose

[15:48] {Threei} unless it goes back to day high today

[15:48] {ilana} overnight?

[15:48] {dino} cya moose

[15:50] {nemo} here's the rally

[15:50] {Threei} ummm

[15:50] {nemo} albeit tepid

[15:50] {Threei} modern rallies are degernerates then, lol

[15:51] {nemo} given the volume today

[15:56] {ilana} take care all

[15:56] {Threei} thank tou all

[15:56] {Threei} have a good evening, see you tomorrow

[15:56] {BillyD} cya

[15:56] {nemo} P&Q

[15:56] {larisa} bye :)

[15:57] {dino} cga

[15:57] {dino} cya larisa

[15:58] {larisa} bye dino, welcome back btw :)

[15:58] {dino} thx

[15:59] {dino} ut jst ave .69, -.06

[15:59] {dino} ut=out

[16:02] {dino} thx all, gn

[16:02] {dino} sigm drop