Feb 11 2010

Almost perfect day, with 4 or 5 trades working beautifully early on, namely HIG short, WFC short, RIMM short and CY long, a few discretionary ones on SLW, TM, UAUA, CAT and monster SWM. Just one 10 cents stop on VXX later in the day.

Session Time: Thu Feb 11 00:00:00 2010

[07:54] {Threei} 7:18:11 AM

[07:54] {Threei} (GR) EU's Van Rompuy: Greece must take additional measures, coordinated action is needed to ensure stability of Euro Zone

[07:54] {Threei} - Reiterates that Greece has not asked for financial support.

[07:54] {Threei} - Seeking "rigorous" implementation of reforms, Greece will rely on IMF and ECB expertise in dealing with issues.

[07:54] {Threei} - Commission first assessment to be made in March; to propose new measures in March.

[07:54] {Threei} ***Note: No new concrete details have been heard in latest comments.

[07:55] {Threei} JASO

[07:55] {Threei} JA Solar Holdings Reports Q4 $0.14 v $0.11e, R $238.4M v $214Me

[07:55] {Threei} - Guides FY10 shipments to exceed 900MW v 750MW-800MW prior.

[07:55] {Threei} - Guides Q1 Shipments 215MW-225MW.

[07:55] {Threei} - CEO: "We continue to see strong demand from our existing customers as well as from new customers, and expect strong shipments for full year 2010 based on robust orders from a diversified customer base across multiple geographies."

[08:07] {nemo} amsc

[08:12] {Threei} (US) Preview: Initial Jobless Claims due at 08:30ET

[08:12] {Threei} - Expectations for initial claims are 465Ke v prior week at 480K (range seen from 440K to 485K)

[08:12] {Threei} - Continuing claims seen at 4.600Me v prior week at 4.602M (range seen from 4.550M to 4.610M)

[08:14] {Threei} JASO Exec: Continues to see strong demand for its products; expects US to be a strong market in 2010- conf call

[08:14] {Threei} - Expects demand growth from new markets like Japan and China

[08:17] {Threei} chart wise, JASO is gapping over important resistance at 5

[08:17] {Threei} I am not very ehtusiastic about it so far though

[08:29] {Threei} job numbers are coming in the theater near you any second

[08:30] {Threei} *(US) INITIAL JPBLESS CLAIMS: 440K V 465KE

[08:30] {Threei} CONTINUING CLAIM: 4.538M V 4.600ME

[08:41] {Threei} Canada is one happy place, I am telling you... latest debate on TV is whether Arlnod should be allowed to bear an Olympic torch tomorrow

[08:47] {Threei} Iranian President Tells People "Iran Is Now a Nuclear State"

[08:49] {Threei} anyone fweels like applauding?

[08:50] {strider} (sound of one hand clapping)

[08:52] {Threei} (GR) EU leaders discussing a lending facility for Greece; not yet appropriate for an EMU bond as assistance - unconfirmed report

[09:02] {Threei} EUR/USD Euro currency maintains soft tone in session as dealers note EU Summit has provided concept and not a specific plan

[09:02] {nemo} what's with market

[09:03] {Threei} I don't see any news

[09:04] {Threei} I don't feel much enthusiasm

[09:04] {Threei} bias remains slightly negative, IMO

[09:06] {fernp} Good morning everybody

[09:06] {Threei} fern :)

[09:18] {Threei} did snow cut off whole east coast? quite a few people are not here

[09:18] {fernp} sunny here :-)

[09:19] {Threei} here too but let's not tell them

[09:19] {nemo} fern...

[09:19] {nemo} south of Mass got whacked pretty good

[09:19] {Threei} record snowfall makes some people cranky

[09:20] {strider} AARGH!

[09:21] {nemo} dude

[09:21] {ese} dude

[09:21] {ese} morning all

[09:21] {Threei} ese :)

[09:22] {strider} morning, everyone.

[09:22] {nemo} dunedin

[09:23] {strider} fishface.

[09:23] {ese} st

[09:23] {strider} ese

[09:23] {nemo} this place brings out a certain lack of maturity

[09:25] {larisa} gm everybody :)

[09:25] {Threei} larisa :)

[09:25] {strider} good morning, larisa:)

[09:25] {nemo} lari :)

[09:25] {larisa} vad, strider, nemo :)

[09:26] {billyc} gm all

[09:26] {Threei} billy :)

[09:26] {Threei} (GR) EU Diplomat: Must check with EU treaty to decide which instruments to implement on Greece

[09:26] {Threei} - Market expectations of Greece do not reflect fundamantals; Hopes that review of Greek savings program next month will convince markets

[09:26] {nemo} nice C&H on fas, just broke

[09:28] {lasertrev} morning

06[09:28] * nemo slaps lasertrev around a bit with a large trout

[09:29] {Threei} trev :)

[09:29] {Threei} I am generally on a hunt for shorts guys

[09:29] {nemo} I'm short

[09:29] {strider} boxers or briefs?

[09:29] {Threei} sigh

[09:30] {Threei} asylum is iopen for business

[09:30] {nemo} wow...wish I'd said that

[09:30] {Threei} and the most worisome thing is, I feel right at home...

[09:30] {nemo} strider does well typing with his elbows

[09:31] {strider} fingers all worn out from dragging on the ground.

[09:31] {nemo} no, from having hands behind back in the straight jacket

[09:32] {Threei} Short Setup: HIG .90 break half lot

[09:32] {fernp} stop?

[09:33] {Threei} for scalpers, above 23,

[09:33] {Threei} for day traders above 23.10

[09:33] {Threei} my preference is 23.10, that's why half lot

[09:33] {Threei} morning volatility...

[09:35] {Threei} 1:1 for scalpers

[09:35] {Threei} 1:1 for daytdares

[09:35] {Les} wait, rewind the tape!

[09:35] {Les} GM

[09:36] {Threei} if partialling, stop to above b/e

06[09:36] * Threei slaps Les around a bit with a large cup of coffee... and large coffeemaker while at it

[09:36] {Les} hehe pc problems

[09:36] {strider} HIG bounce?

[09:36] {Threei} not yet

[09:37] {Threei} almost reached 1:2

[09:37] {Threei} 2 cents shy

[09:37] {Threei} market bounce helping it but doesn't feel like for too long

[09:37] {Les} .65 is pivot point for hig

[09:38] {Threei} stop to above .80, let's be stingy

[09:39] {Threei} dino and magoo can't make it to the office I guess

[09:39] {nemo} magoo is plowing

[09:39] {Threei} and dino is supervisingZ?

[09:39] {nemo} slacker

[09:39] {fernp} JASO in this pullback, Vad?

[09:40] {Threei} I doubt it

[09:40] {fernp} ok

[09:40] {Threei} looks dead in the water to me

[09:41] {strider} JAZZ

[09:41] {Les} hig on the .65 b/d? 20 cent stop...

[09:41] {Threei} JAZZ Hearing strength being attributed to takeover chatter

[09:41] {Threei} - Rumor states that TEVA proposed as interested party

[09:41] {Threei} not clear yet Les

[09:41] {Threei} let it establish something more solid

[09:42] {Threei} here is something fresher

[09:42] {Threei} WFC

[09:43] {nemo} break of .16?

[09:43] {Threei} no, short

[09:43] {fernp} BAC weak

[09:44] {Les} fas looks good

[09:44] {Threei} Short Setup: WFC .09 break

[09:45] {Threei} stop for scalpers above .16, for day traders above .20

[09:45] {Threei} not much difference though

[09:46] {Les} market looking more decisive today

[09:46] {nemo} aig may go momo

[09:46] {Threei} see how HIG is not following?

[09:47] {Les} y

[09:47] {Threei} WFC 1:1

[09:47] {Les} ty

[09:47] {Threei} another 1:1

[09:48] {nemo} aig momo

[09:49] {strider} trail WFC?

[09:49] {Threei} to above .10, absolutely

[09:52] {Threei} AIG nice call nemo

[09:52] {nemo} wild one

[09:58] {nemo} fas was just a beauty

[09:58] {nemo} there was a monster offer at 63.99

[09:58] {strider} short WFC .13

[09:58] {nemo} it got pulled and fas jumped .25

[09:58] {nemo} nothing in between

[09:58] {nemo} aig pullback

[09:59] {nemo} maybe bounce at .85-90 area

[10:00] {strider} cover .05 +.08

[10:02] {fernp} WMT on lows. any read, Vad?

[10:03] {nemo} turtle stock

[10:04] {Threei} yeah, I am not jazzed

[10:04] {fernp} ty

[10:04] {strider} AET

[10:05] {strider} late

[10:05] {fernp} ANN

[10:06] {Les} inverse h&s developing in mining stocks. SLW for ex?

[10:07] {Les} .55 break of slw vad?

[10:07] {Threei} probably

[10:08] {Threei} stop would have to be under .40

[10:08] {Les} ok

[10:08] {Threei} AUY may be better candidate in that sector

[10:08] {ese} L seed .02

[10:10] {strider} TM dbll bot

[10:11] {Threei} SLW 1:1 almost

[10:13] {ese} TM interesting problem...toyota is blaming the american manufacturers for not making the parts right and the manufactuers are blaming toyota for not giving them the right specs......

[10:14] {Threei} I haven't heard Toyota blaming anyone

[10:14] {Threei} it was all about design as far I as read, and it's their design

[10:14] {ese} was listening to that on CBC yesterday

[10:14] {Threei} that was someone's interpretation, I am sure

[10:15] {ese} had something to do with specs about brakes and something else

[10:15] {nemo} might want to watch aig for a bull flag

[10:15] {Threei} no single item on any wire ever suggested someone's fault

[10:15] {nemo} no sooner said...

[10:18] {strider} short HOG .57 stop .75

[10:19] {Threei} AIG, seems to be aiming for 29

[10:20] {fernp} UAUA .75 break, Vad?

[10:20] {Threei} I think so

[10:20] {ese} almost got stopped seed .82

[10:20] {ese} .80 sorry

[10:23] {nemo} rimm bull flag?

[10:23] {nemo} look at the pattern today

[10:24] {Threei} I'll have to say no

[10:25] {Threei} I don't believe in uptrend today so far

[10:25] {Threei} either stand-off or down

[10:25] {fernp} X around 46.00

[10:26] {Threei} things like AIG or UAUA that march under their own drum, fine... but flgship like RIMM, I'd have to change my general view

[10:26] {Threei} which is admittedly easy changed

[10:26] {nemo} yeah...well you believe in santa clause

[10:27] {Threei} ummm

[10:27] {Threei} so?

[10:28] {strider} The question is: does santa claus believe in you?

[10:28] {ese} just need seed to do one of it's nothing can stop me now runs

[10:30] {Threei} Market Internals update at 10:30amET

[10:30] {Threei} - NYSE volume 195M shares, about 22% below its three-month average; decliners lead advancers by 1.2:1.

[10:30] {Threei} - NASDAQ volume 410M shares, about 19% below its three-month average; decliners lead advancers by 1.4:1.

[10:30] {Threei} - VIX index +1.00% to just over 25.50

[10:32] {strider} cover HOG .42 +.15

[10:34] {Threei} RIMM drops... never found an entry

[10:34] {strider} ihr

[10:34] {Threei} .60 break was the only one remotely looking like setup

[10:34] {Threei} bit not very prononced

[10:36] {Threei} I think I need to stop making winning calls

[10:36] {Threei} each of them costs me a trialer... two of them connect in the morning,

[10:36] {Threei} first quits after first call is closed for profit,

[10:36] {Threei} secind does the same after second call

[10:36] {Threei} lol

[10:36] {Les} :)

[10:38] {strider} Good idea, vad. Just do all your winning calls when there are no trialers here.

[10:39] {strider} TM reaching support.

[10:39] {Threei} RIMM bounce nto resistance

[10:39] {nemo} Maharishi Mahesh?

[10:39] {strider} hey, yogi, is that you?

[10:39] {Threei} Short Setup: RIMM .55 if stays under .65

[10:39] {nemo} Hey boo boo

[10:43] {Les} uaua has crossed the rubicon and is pulling back. break of .87?

[10:43] {nemo} Hail Caesar

[10:43] {Les} hail

[10:43] {nemo} Hale?

[10:44] {Threei} .87? it was .75 long

[10:44] {Les} wasn't watching at .75

[10:48] {gregns} .

[10:49] {strider} howdy greg

[10:49] {Threei} 1:1

[10:49] {gregns} howdy

[10:49] {Threei} not scalping it

[10:50] {strider} what are you trading, vad?

[10:50] {Threei} umm

[10:50] {larisa} RIMM strider

[10:50] {Threei} stock market

[10:50] {Threei} [10:39] {Threei} Short Setup: RIMM .55 if stays under .65

[10:50] {Threei} sometimes I trade socks for vodka

[10:50] {Threei} but today I focus on stocks

[10:51] {strider} invalidated at .68, no?

[10:51] {Threei} didn't even see that... must have been out of bounds print

[10:52] {Threei} level 2 never went above .65

[10:52] {Threei} 1:2

[10:52] {Les} ok. I saw it invalidated too, so ignored it

[10:53] {Les} out slw for +.08

[10:53] {Les} wasn't solid setup so didn't share

[10:54] {ese} well ok ....i'm wrong.....thought that the market would go positive and carry seed with it....the break out above .00 didn't happen...fiar enough..... i'm out .97 -.05

[10:54] {ese} time to look esle where

[10:55] {strider} CAT

[10:56] {strider} long .81 CAT stop .68

[10:57] {ese} vad ...you got a take on the mrkt today other than it's dn slightly......does a run into positve territory look possible

[10:58] {Threei} I don't see it

[10:58] {Threei} we are not that far from gfreen to make it totally impossible of course

[10:58] {ese} tks.......won't be my type of day then......may go into work early

[10:58] {Threei} just 17 points DOW

[10:58] {Threei} I just see this day as flat to negastive

[10:59] {ese} am thinkin the same

[11:02] {ese} ya right!!!! seed.......i think i recall hating this stock in another life

[11:02] {nemo} ?

[11:04] {Threei} (US) Senators Dodd and Corker have agreed shelve Consumer Protection Agengy legislation - CNBC (related MA V DFS )

[11:04] {nemo} fas not moving on that

[11:06] {Threei} not that ZI was very hot about that piece of legislation but what the deuce

[11:06] {Threei} they just abandion all attempts to change anything?

[11:08] {fernp} CY, what's your opinon Vad?

[11:08] {Threei} 11 is too good on daily to dismiss this break

[11:08] {strider} stop CAT -.06

[11:09] {Threei} hopefully market cooperates a bit to give it necessary push

[11:09] {fernp} yes, daily is very nice

[11:11] {Threei} US) New Jersey Governor Christie: Declares "fiscal emergency," move allows him to reserve or freeze spending

[11:11] {Threei} - Plans to close $2.2B budget gap by withholding $475M in school aid

[11:12] {nemo} hitting bids on cy

[11:12] {Threei} ?

[11:12] {nemo} there was a ton of red at 11

[11:12] {nemo} not hitting offers

[11:12] {Threei} (EU) EU's Barroso: Leaders at summit talked exclusively about Greece, did not discuss other countries (related EUR/USD BUNDS )

[11:13] {nemo} rinsed on cat strider

[11:15] {strider} yeah

[11:17] {Threei} green

[11:17] {strider} anybody gtaking CY?

[11:19] {nemo} i'm in

[11:20] {strider} stop .94?

[11:20] {nemo} that's what I'm looking at

[11:20] {Threei} well

[11:20] {Threei} depends on what you want fropm it

[11:20] {strider} I was thinking of profit.

[11:21] {nemo} .92 for day trade?

[11:21] {Threei} .90, to make it more sinsible... and .80 if swing trade according to daily chart

[11:21] {ese} L stec .91

[11:22] {ese} broker slow....wasn't sure i got filled

[11:22] {ese} out stec .995 + whatever

[11:24] {nemo} 68 was important level for rimm could run

[11:25] {Threei} never switched to lkong side on it, even though .65 break was powerful long signal

[11:25] {Threei} bias is harmful, eh

[11:25] {strider} out AINV overnight, +.17

[11:28] {dino} gm all

[11:28] {Threei} dino!

[11:28] {strider} really!

[11:28] {Threei} snow?

[11:28] {Les} you made it

[11:29] {dino} about 10"of snow, not too bad. real esate issues

[11:29] {dino} estate

[11:29] {strider} offering CY at .09

[11:29] {strider} oout

[11:29] {nemo} letting half go at .10

[11:29] {dino} how are you doing today?

[11:29] {Threei} fantastic

[11:30] {Threei} 3 for 3 on "official" calls, discretionary one on CY works like charm

[11:30] {nemo} 1:1

[11:30] {dino} wtg

[11:31] {Les} nice one fern

[11:31] {nemo} .11 is r2 for cy

[11:31] {nemo} that means .26 is r3 that's a long way

[11:31] {Les} yeh I'm still in

[11:32] {dino} wow swm

[11:33] {dino} beats and drops hard

[11:35] {Threei} when you have 3 min to waste,

[11:35] {Threei} http://ibankcoin.com/chart_addict/2010/02/11/trader-profile-vadym-graifer-trader-author-teacher/

[11:36] {dino} and raises, strange swm

[11:37] {Les} wow, respect from John Lee.

[11:37] {Les} I don't find him to be generous to endorse

[11:37] {Les} so I'm impressed

[11:37] {Threei} Guides FY10 at least $4.60(ex charges) v $4.82e

[11:37] {Threei} SWM

[11:38] {nemo} oy...that's moving in $s

[11:38] {Threei} Les... if that characteristic is true, why wouldn't he like me {GGG}

[11:38] {nemo} ow...cy

[11:39] {dino} swm v sm l .00

[11:39] {nemo} what's your stop?

[11:39] {dino} buck

[11:39] {dino} 200 sh

[11:40] {dino} damn had .75

[11:40] {nemo} they just raised there prices like 13%

[11:42] {nemo} goes at least to 51

[11:42] {strider} hmmm...SWM sells reconsituted tobacco products.....

[11:42] {strider} reconstituted

[11:43] {strider} what can you get for a pound of cigarette butts?

[11:43] {Les} Berkshire Hathaway?

[11:43] {dino} strange

[11:44] {Les} trading strategy of buffet's in his early career. find companies that are like cigar butts, good for one or two puffs

[11:44] {nemo} so much for market down

[11:45] {Threei} things change

[11:45] {Threei} we are 4 for 4, got a problem with it?

[11:45] {dino} stopped, greed got me

[11:45] {nemo} no, market just decided to skyrocket

[11:46] {dino} amsc sm l .50 trig

[11:46] {Threei} AMSC... what a toothache in the heart

[11:46] {Threei} lol dino

[11:47] {Threei} I'd prefer a pullback on this one...

[11:47] {Threei} haven't seen it working on breaks

[11:48] {dino} you may be right

[11:48] {nemo} aig riding 200 might break downtrend

[11:48] {dino} swm pisses me off

[11:48] {Les} is UAUA in trading range, or pulling back to go higher here?

[11:48] {Threei} as far as I am concerned it's done

[11:49] {dino} nemop 51 call is good

[11:49] {Les} I see it topped out here yesterday too

[11:49] {Threei} hasn't even attempted to break high while market spiked into new highs

[11:49] {Les} ok, could be the end for uaua. hmmm

[11:50] {Threei} market further run up may hold it floating, but as soon as market reverses UAUA should start drilling

[11:52] {Threei} providing we get any pullback in general market, hunt for short on it is on

[11:52] {Threei} Short Setup: UAUA .70 if stays under .80

[11:56] {nemo} cant short uaua

[11:57] {Threei} crrrrap

[11:58] {nemo} yeah, I tried at .76

[11:58] {Les} s uaua.74

[11:58] {nemo} you IB Les?

[11:58] {Les} y

[11:58] {nemo} smack Trev

06[11:58] * nemo slaps lasertrev around a bit with a large pissed off I can't short UAUA

06[11:58] * Threei slaps lasertrev around a bit with a large Les

06[11:59] * Threei slaps lasertrev around a bit with more Les

[11:59] {Les} signed up for laser, but will paper trade with IB till I got the magic 25

[11:59] {nemo} there was my 1:1

[12:00] {Les} out .65

[12:00] {Les} 1k, ooh yeh

[12:00] {Threei} Market Internals update at 12:00pmET

[12:00] {Threei} - NYSE volume 390M shares, about 10% below its three-month average; advancers lead decliners by 2.9:1.

[12:00] {Threei} - NASDAQ volume 875M shares, about 6% below its three-month average; advancers lead decliners by 1.6:1.

[12:00] {Threei} - VIX index +1.00% to just over 25.50

[12:00] {nemo} OHHHHHH GOD!! TREV!!!!!!

[12:01] {Les} still holding CY

[12:04] {Threei} hmmm

[12:04] {Threei} this guy does have two hands:

[12:04] {Threei} (SA) South Africa President Zuma: Economy has 'turned a corner'; recovery remains uncertain

[12:11] {Threei} US govt obviously hired 1% more of ppulation

[12:11] {Threei} look:

[12:11] {Threei} 30% Say U.S. Heading in Right Direction

[12:11] {Threei} this number stayed at 29 firmly for months

[12:17] {Les} out cy +.11

[12:17] {Les} completely different day from yesterday

[12:17] {Threei} yesterday seemed just fine to me too

[12:20] {Les} for me and my head and my setups

[12:20] {Les} days like yesterday just suck me in to bad trades

[12:20] {Les} its the primary fault I must fix in my trading in order to advance

[12:21] {Threei} I'll find the page in MPP that will show you how to fix it

[12:22] {dino} les, good job getting over yesterday

[12:24] {Les} I don't stay angry dino. it is not my personality

[12:24] {Les} but those infrequent curve balls thrown by the market

[12:24] {Les} screw with my account

[12:25] {nemo} you are a curve ball, should fit you fine

[12:25] {Les} lol

[12:25] {Les} BELT UP NEMO

[12:25] {nemo} wow cat

[12:26] {dino} sometimes you have to play jardball

[12:26] {dino} hardball'

[12:27] {Threei} page 57 Les

[12:27] {Les} OK

[12:29] {nemo} ahhhh...cat closing the earnings gap

[12:30] {Les} I'd agree with page 57 to the extent that I need to have a sheet in front of me...

[12:31] {Threei} better yet

[12:31] {Threei} take the summary reslt,

[12:31] {Threei} write it on a Post-It with comment:

[12:31] {Les} that when we approach different days, I need to read something to remind myself...

[12:31] {Threei} the price of stupidity

[12:31] {Les} how I will approach the day.

[12:31] {Threei} slap it on your monitor

[12:32] {Les} these results are in my diary

[12:32] {Threei} and before pushing buy or short, take a last glance at it

[12:32] {Threei} asking yourself:

[12:32] {Threei} is it a valid setup

[12:32] {Threei} or is it a contribution to stupidity fund

[12:32] {Les} :)

[12:32] {larisa} funny

[12:33] {Threei} if latter, look at the price again

[12:33] {Threei} come on Larisa

[12:33] {Threei} you know better than calling my humorless exercises funny

[12:34] {Threei} I am void of funny

[12:34] {Les} I'm thinking of pasting simple trading mindset under my keyboard. Today is strong trend day, today is range bound day, today is rudderless day, with appropriate trading mindset and strategy

[12:34] {Les} I have trouble going from trending day to a nothing day. i keep trading same way as day before

[12:35] {Threei} whatever works... just don't put it ON a keyboard, or your typing goes the way of dodo... i.e., becomes much like mine

[12:36] {Threei} wow Les, you seem to have a very uncommon disease:

[12:36] {Threei} too LONG attention span

[12:36] {Threei} rarity among us, moth

[12:36] {Les} oh now you're just being modest...

[12:36] {Les} or taking the piss out of me

[12:36] {Threei} we tend to forget out name between "Hi", and "my name is..."

[12:37] {Les} break time. back later.

[12:43] {Threei} market fell asleep

[12:43] {nemo} aig collapsing

[12:43] {Threei} for the reasoin as mysterious as the one that sent it up earlier, lol

[12:43] {nemo} yep

[12:45] {Threei} GR) Greece PM Papandreou: EU leaders believe a "political message" is enough to stabilize markets

[12:45] {nemo} idiot

[12:46] {Threei} jawboning can fix everything they think

[12:52] {nemo} anybody short cat?:)

[12:54] {Threei} hmm?

[12:54] {Threei} why?

[12:54] {nemo} joke, strength like that today...no way

[12:55] {Threei} ah... I don't have sense of humor, don't forget

[12:55] {nemo} I was walking dad, didn't see that part

[12:57] {larisa} actually considered short of .50 double top for scalp. so my trading must be a joke :)

[12:57] {nemo} frankly, maybe we should be looking at this as a pullback in cat

[12:57] {nemo} no lari, just very strong stock

[12:58] {Threei} larisa, you do know that you always hape option of slapping nemo with something heavy available to you, right?

06[12:58] * nemo slaps larisa around a bit with a large feather duster

[12:59] {larisa} did you watch CAT closely last 30 min nemo?

[12:59] {nemo} fairly

[12:59] {larisa} .57 fel like top.

[12:59] {larisa} felt

[13:00] {larisa} but of course it is strong one.

[13:02] {larisa} and you can be trend trader or countertrend, or mix it wildly for fun :)

[13:02] {nemo} nothing parabolic about it, very strong 45 degree climb...now, we get another double top here...50 ma is about.10 below

[13:04] {nemo} market sells

[13:04] {larisa} I just like these double tops on falling indicators. Plus my hotizon is 10-20 cents :) and i do not remember my name

[13:04] {larisa} horizon

[13:04] {nemo} gertrude

[13:05] {larisa} lol

[13:05] {ese} am outta here all.....have a great day.

[13:05] {Threei} take care ese

[13:05] {larisa} bye ese

[13:05] {ese} cya vad laris

[13:05] {Threei} wituh any market help it can drop to 55 easy

[13:05] {nemo} where did you short larisa

[13:09] {larisa} I did not, was watching it at 12:54 with one eye. Vad distracted me :) then you said anyone short and I responded :)

06[13:10] * Threei is now known as one big distraction

[13:10] {nemo} I'm short .34

[13:10] {larisa} I am not sure if time chart shows good setup. but tick does

[13:11] {Threei} .37 here

[13:11] {Threei} just for a scalp

[13:11] {nemo} 1/2 out

[13:11] {larisa} but you said "no way, it is strong" :)

[13:11] {larisa} take it back

[13:12] {nemo} I reserve the right to change my mind as conditions warrant

[13:12] {larisa} ahha

[13:12] {Threei} I don't - I have nopthing to change

[13:12] {nemo} except diapers

[13:13] {nemo} my min has gone free association

[13:13] {nemo} out

[13:15] {nemo} what's your stop vad?

[13:16] {Threei} what stop, it was just a quick scalp

[13:16] {nemo} .47

[13:16] {nemo} oh you were out

[13:16] {Threei} covered at .27

[13:16] {nemo} oh

[13:19] {nemo} big bid cat

[13:22] {Threei} DNDN lost its mind today?

[13:23] {patience} .

[13:23] {Threei} good point

[13:24] {patience} :)

[13:24] {nemo} there's that sense of humor

[13:24] {Threei} point-sized

[13:40] {Threei} UAUA total loss of will to live

[13:40] {Threei} CY continues attemots

[13:41] {Threei} Long Setup: DNDN 31.01 break

[13:41] {nemo} dndn, might be prepping for a run

[13:41] {nemo} hah

[13:41] {Threei} if stays above .90

[13:43] {Threei} invalidated

[13:43] {nemo} oh well

[13:44] {nemo} bounced right at support and formed possible H&S, or long here off support

[13:48] {nemo} that .80 support for the earlier break held well

[13:49] {Threei} CY at 1:1 for swing traders

[13:54] {dino} rino, missed it

[14:02] {Threei} Market Internals update at 2:00pmET

[14:02] {Threei} - NYSE volume 580M shares, about 6% below its three-month average; advancers lead decliners by 3.8:1.

[14:02] {Threei} - NASDAQ volume 1.33B shares, about 2% below its three-month average; advancers lead decliners by 2.1:1.

[14:02] {Threei} - VIX index -5.3% to just over 24.00

[14:10] {dino} great wall of china at .50 on amsc

[14:12] {nemo} ntgr consolidating tight range

[14:13] {dino} swm wow

[14:13] {dino} i se why rino is up, lightening round last night cramer says don't buy it

[14:13] {nemo} well...at least it's declinating in .50 segments now

[14:14] {nemo} I can't even look at TSCM gives me cramps

[14:14] {dino} re-test coming nemo?

[14:14] {nemo} looks it

[14:16] {nemo} might warrant a play get a pullback to .50-60

[14:16] {nemo} volume not convincing yet

[14:19] {nemo} .50 was it

[14:19] {dino} swm 45.50?

[14:19] {nemo} yeah

[14:19] {dino} guess so

[14:22] {nemo} might we be getting a C&H?

[14:22] {nemo} frickin spread

[14:22] {dino} have to lay out below imo

[14:23] {nemo} well, break of .50 or pullback to 00-.10

[14:23] {dino} gut says down to 45ish

[14:23] {nemo} beer gut?:)

[14:23] {dino} yeah

[14:24] {larisa} dino mentioned it first time, i blinked at 43ish, next blink was at 45ish :)

[14:24] {nemo} always trust that

[14:24] {dino} theres your break, you are better than i

[14:24] {nemo} no...I gave two possibilities

[14:24] {dino} nemo, you had 1.50 on it

[14:24] {nemo} yeah

[14:25] {dino} ok, 46 area

[14:25] {nemo} depends on volume this time around, see if this move supported

[14:25] {nemo} then, support at .50

[14:25] {dino} showing 46 20ma, 46.50 50ma

[14:26] {nemo} yep

[14:26] {dino} chart going up

[14:26] {nemo} she ain't coming back

[14:27] {nemo} Lido left the boat that day, he left the shack...that's all he left...he ain't coming back

[14:27] {nemo} Oh Christ...where's my gun

[14:27] {nemo} Vad, you play swm?

[14:27] {larisa} lol

[14:28] {Threei} me?

[14:29] {Threei} why would I?

[14:29] {nemo} Greed

[14:29] {strider} cause you are a wild and crazy guy?

[14:29] {larisa} no bad news on it right?

06[14:29] * nemo slaps strider around a bit with a large steve martin collection

[14:30] {Threei} guided lower larisas

[14:30] {Threei} -s

[14:30] {larisa} stop putting s everywhere

[14:30] {nemo} whoa

[14:30] {Threei} laria?

[14:30] {nemo} 200 point day today?

[14:30] {larisa} todasy anywasy

[14:30] {Threei} sounds japanese

[14:30] {nemo} You're making me feel better about myself

[14:31] {dino} don't

[14:31] {dino} lol

[14:31] {Threei} lol

[14:31] {nemo} Where's that list

[14:32] {nemo} ahhhhh....

[14:32] {nemo} pencil or pen....

[14:32] {nemo} pen...

[14:32] {nemo} D....

[14:32] {nemo} I....

[14:32] {nemo} N....

[14:32] {nemo} O....

[14:32] {dino} :)

[14:34] {larisa} I want today to be red closing

[14:34] {nemo} yeah...and I want....

[14:36] {dino} sadist

[14:37] {nemo} damn proud of it

[14:38] {nemo} swm bouncing off support

[14:38] {nemo} no volume yet

[14:41] {nemo} where's the strike on cat for op ex next week dino?

[14:48] {dino} typically they drive them to 5's or 0's

[14:49] {strider} TM trying to jump a little gap on daily

[14:50] {strider} c&h 5 min

[14:50] {nemo} SWM was so technically perfect.

[14:51] {nemo} Well, I gotta' go...see you guys tomorrow...you too Lari and Patience

[14:51] {nemo} oh...and Vad

[14:51] {Threei} take care nemo

[14:51] {strider} had a good evening, nemo.

06[14:51] * nemo slaps Les around a bit with a large bag of lead shot

[14:52] {larisa} bye nemo :)

[14:53] {dino} chickened out on it nemo, take care

[14:56] {Threei} Long Setup: VXX .60 break half lot

[14:56] {Threei} if stays above .45

[15:00] {Threei} let's modify it

[15:00] {Threei} .40 - .50

[15:07] {Threei} no go

[15:08] {Les} hey I'm back. what's with the lead shot?

[15:09] {Threei} you'll have to ask nemo tomorrow

[15:10] {Les} I'm shot alright, but with good spanish red

[15:12] {Les} fitb up. wfc/ms down. fitb going to give me a shorting op before close?

[15:13] {Les} looks like the close is already stitched up

[15:14] {Threei} anyone's guess... it shows no indication of short being shaped up

[15:15] {Les} yeh, just finnies ain't showing strenght

[15:16] {Threei} Chinese solar name JinkoSolar cancels IPO due to poor market conditions

[15:16] {Threei} - No new date for the initial public offering has been set.

[15:16] {Threei} - Note that JinkoSolar is a major supplier for Renesola.

[15:16] {Threei} - Two previous Chinese solar companies, Trony Solar Holdings Co. and Daqo New Energy Corp., postponed planned offerings after struggling to price in December and January.

[15:19] {Les} uaua/cal recovered a little. dal a b/d candidate

[15:25] {Les} here comes fitb

[15:29] {Les} voila. this was best strategy to a market going nowhere.

[15:30] {Les} take profits early

[15:30] {Les} get drunk and forget about market later

[15:30] {Les} not bad trades made today

[15:30] {Les} no bad

[15:30] {Les} slw

[15:31] {Les} PM miners coming down

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

[15:32] {Threei} - NYSE volume 755M shares, about 6% below its three-month average; advancers lead decliners by 4.2:1.

[15:32] {Threei} - NASDAQ volume 1.74B shares, about 1% below its three-month average; advancers lead decliners by 2.5:1.

[15:32] {Threei} - VIX index -5.00% to just over 24.00

[15:36] {dino} oo sm l swm

[15:37] {Les} .25 b/d GG?

[15:37] {Threei} probably

[15:40] {Threei} not anymore

[15:40] {Les} yeh

[15:44] {Threei} dino take the frikin profit already, will ya?

[15:44] {Threei} I van't do anything ele, watching this monster

[15:44] {Threei} can't

[15:44] {dino} lol

[15:44] {dino} out .95 +.95

[15:44] {Threei} seriosuly, lol... how do you stomach such volatility

[15:44] {Les} what r u in dino?

[15:44] {dino} swm

[15:45] {dino} and vad, i don't know. sometimes the gut wants what the gut wants (or something like that)

[15:45] {Threei} I know... it's just gut-wrenching :)

[15:45] {dino} i will be playting that tomorrow

[15:46] {dino} for today, most likely done

[15:46] {Threei} dailky is beyiond bizarre on it

[15:46] {Threei} daily

[15:49] {Threei} I'd say good timing on exit

[15:51] {dino} then say it

[15:51] {Threei} sorry, too lazy

[15:51] {Threei} I'll keep silent

[15:52] {Threei} but if I did want to say something, it would be" good timing on exit

[15:52] {dino} lol

[15:55] {Threei} aside of SWM{ it was the day of "bore me with profit, and I'll yawn all the way to the bank" type

[15:56] {strider} holding small TM overnight, from 75.38.

[15:56] {strider} Call me crazy

[15:56] {Threei} strider is crazy

[15:56] {strider} thank you, thank you very much.

[15:56] {Threei} always

[15:57] {Threei} just ask, I am here for ya

[15:57] {Les} wow its already 10 pm. time flies.

[15:57] {strider} :)

[15:57] {Les} nigth alla.

[15:57] {Les} night all

[15:57] {Threei} Les is crazy too

[15:57] {Les} that be the booze talking

[15:57] {Threei} but in his own way

[15:57] {Les} ciao

[15:57] {strider} well that's better..

[15:57] {Threei} take care Les

[15:58] {Threei} okay guys, calling it a day

[15:58] {Threei} thank you all

[15:58] {Threei} have a great evening

[15:58] {strider} thanks, vad.

[15:58] {strider} you too.

[15:58] {Threei} may SWM not come to you in your dream

[15:58] {strider} gonnaj watch Survivor tonight?

[15:58] {Threei} lest your dream turns into nightmare

[15:58] {strider} 1st install of new season.

[15:58] {Threei} not me

[15:59] {strider} I keep hoping patience and larisa will be on there.

[15:59] {Threei} Lost fills up my TV- island needs

[15:59] {strider} TM closing at hod.

[15:59] {strider} where it started.

[16:00] {dino} gn all, thx

[16:00] {larisa} bye all :)