Wednesday, July 11, 2012

July 11 2012

Tie the pencil to mule's tail, get mule drunk, put a sheet of paper under the pencil and stub the mule with needle - you'll get today's chart. Pretty much sums it up. Quite a few good trades, but endless rinses, even though small. Annoying whipsawing action.




Session Start: Wed Jul 11 09:33:02 2012

09:33] {Threei}  morning cipher
[09:33] {cipher} morning
[09:33] {cipher} what's going on....
[09:33] {cipher} no one here?
09:34] {Threei}  server was down, just restored
[09:34] {cipher} ic
09:34] {Threei}  you never got e-mail?
[09:34] {dolores} FCX stopped
[09:34] {cipher} didn't check it this am
09:34] {Threei}  lol
[09:34] {cipher} was running late
[09:34] {dolores} break of .80? long FCX
[09:34] {dolores} ?
[09:35] {dolores} down the drain
09:35] {Threei}  no
09:35] {Threei}  leave it be
[09:35] {Will49} GM
09:35] {Threei}  will :)
[09:35] {dolores} your first call was great
09:35] {Threei}  yes but FCX invalidated it
[09:35] {Will49} Obviously I was able to log in disegard panic email Vad
[09:36] {Will49} disregard
[09:36] {dolores} CF nice fade
09:36] {Threei}  you never got e-mail about reserve room?
[09:39] {dptl} .
[09:40] {thomcbell} gdx getting weighed down big time by gg
[09:41] {Will49} No
09:41] {Threei}  huh
09:41] {Threei}  guys, bookmark this url please for the future please
09:41] {Threei}  http://www.realitytrader.com/tradingroom/editedout.html
[09:41] {Will49} thanks
09:41] {Threei}  something happens to main room, this is where we go as a temporary shelter
[09:42] {dolores} ok done
[09:42] {Will49} I went into full panic mode :)
[09:43] {thomcbell} mos leader in ag space
09:43] {Threei} Short Setup: LVS  .10 break hl
09:43] {Threei}  If holds  .20
[09:44] {nemo} mos
09:44] {Threei}  Invalidated
09:44] {Threei} Short Setup: FCX  .50 break
09:44] {Threei}  If holds  .60
[09:44] {nemo} thinking short under .90
[09:45] {nemo} stop is to whole
[09:46] {nemo} oy, nothing like buying support
[09:46] {nemo} hasta la vista
09:46] {Threei}  Invalidated  FCX
[09:47] {nemo} trying mos under whole
[09:47] {nemo} short .99
[09:47] {nemo} stop is above the high
09:47] {Threei} Short Setup: GDX  .15 break
09:47] {Threei}  If holds  .25
[09:48] {nemo} done
[09:48] {nemo} ok  I'm waiting till 10
09:48] {Threei}  Invalidated
09:48] {Threei}  word of the day
[09:48] {dolores} vad shorts difficult today
09:49] {Threei}  I don't sense a lot of strength in the market
09:49] {Threei}  SPY is barely green, the rest of indices red
[09:49] {dolores} no
[09:50] {dolores} only the battered yesterday catching up  abit
[09:51] {nemo} we'll probably test the new resistance on spy
[09:51] {thomcbell} pot looks like a possible long here
[09:52] {thomcbell} target day high
[09:52] {thomcbell} looking to enter 44.60
09:52] {Threei}  good thinking
[09:53] {nemo} spy pivot .69 and 135 area longer term pivots expect to test those
09:53] {Threei} Short Setup: LVS  .50 break
09:53] {Threei}  hl
09:53] {Threei}  If holds  .60
09:54] {Threei}  target 1:3
09:56] {Threei}  stop to .56
[09:58] {nemo} thinking lvs long now
[09:58] {thomcbell} flattened pot here
[09:58] {thomcbell} -.01
[09:58] {nemo} wow when do you see this spread in LVS
09:58] {Threei}  SPY breakdown
[09:59] {nemo} yeah, and LVS not
09:59] {Threei}  wholesale inventories in 2 min
09:59] {Threei}  out
10:00] {Threei}  in line with expectations
10:00] {Threei} Long Setup:  MOS  .70 break
10:00] {Threei}  If holds  .60
10:01] {Threei}  stop to .64
10:01] {Threei}  out
10:02] {Threei}  market spins in place
[10:02] {nemo} news on pay?
10:02] {Threei}  contract with Columbia taxi
[10:02] {dolores} I think soya went to the roof lately
10:02] {Threei}  35M
[10:02] {dolores} so MOS etc up
[10:04] {cipher} +.30 pay thx nemo
10:04] {Threei} Long Setup:  POT  .45 break hl
10:05] {Threei}  stop .38
[10:06] {cipher} cat l.24
[10:06] {cipher} out 1/2 .44
10:06] {Threei}  nice
[10:07] {cipher} out in full .49
[10:07] {nemo} we're grinding up holding trends
10:08] {Threei}  scratch POT
10:08] {Threei}  out .45
[10:08] {dolores} out
10:08] {Threei} Short Setup: JCP  .25 break
10:09] {Threei}  If holds  .35
[10:12] {cipher} aapl l .15
[10:13] {cipher} out +.06 lol
10:15] {Threei} Long Setup:  LVS  .40 break
10:15] {Threei}  If holds  .35
[10:15] {nemo} gonna test .28 area
10:15] {Threei}  breaks have been traps on it so far
10:16] {Threei}  for 5 cents risk I am willing to test the costanza play
[10:16] {nemo} yes, I think support is .28 vwap
10:17] {Threei}  nah
10:17] {Threei}  formally reached 1:1 but not what I had in mind for it
10:19] {Threei}  JCP target 1:2
[10:19] {dolores} huge bib at .33
[10:19] {dolores} bid
[10:19] {nemo} .33 bid lvs
10:19] {Threei}  1:1, half out
10:20] {Threei}  scalpers be free
[10:20] {nemo} long lvs .36 break
[10:20] {nemo} stop is vwap at .28
[10:20] {nemo} ;ppl at tjos /31 bod
[10:22] {dolores} LVS trying to hold here
[10:23] {nemo} yeah, lotta volume, if it can't push above those two high volume candles, time to get out
[10:23] {nemo} your discretion
[10:23] {dolores} market not helping
10:24] {Threei} Short Setup: CAT  80 break hl
[10:24] {nemo} hear that alot lately
[10:24] {nemo} I'm out
[10:24] {nemo} figures
[10:24] {nemo} 1:1 sheesh
10:24] {Threei}  If holds  .15
10:25] {Threei}  sheesh, .95 bid
10:25] {Threei}  disappeared in thin air
[10:26] {nemo} the old "rug pull" bid trick
10:26] {Threei}  let's cover half here
[10:26] {cipher} out cat +.15
10:26] {Threei}  close enough to 1:1, and market is beyond tricky
10:26] {Threei}  stop to .01
10:27] {Threei}  out in full .70
[10:27] {Will49} Yes!
10:28] {Threei}  +.28... decent
[10:28] {nemo} think I'll go pick the lint out of my belly button
10:28] {Threei}  don't strain yourself that much
[10:28] {cipher} wtg cat
[10:29] {nemo} cipher nflx short?
[10:29] {nemo} small short
[10:30] {nemo} thinking .50 area first then .25
[10:30] {nemo} got .88 and .87
[10:30] {nemo} frickin diaper spread action
[10:30] {nemo} out above the whole
[10:31] {nemo} drops that .70 should get interesting
[10:32] {dolores} was out missed that one CAT was short .80 or .95?
[10:32] {dolores} nice drop
10:33] {Threei}  whole number, $80
[10:33] {jackharry} out cat at .67 and .52, lovely call, thank you
[10:33] {nemo} partial .62
10:33] {Threei}  very welcome
[10:33] {nemo} well half of a small
10:33] {Threei}  glad somwething starts working
[10:33] {nemo} yahoo
[10:33] {cipher} shorted nflx .76
10:33] {Threei}  NFLX is pure unbridled veauty
[10:33] {nemo} 1/4 more waiting .30
10:33] {Threei}  beauty
10:33] {Threei}  wtg
[10:34] {cipher} good one nemo
[10:34] {nemo} yeah...my last one for today...everytime I trade this I can't....for three days
[10:34] {dolores} FCX bounced twice now testing lows again
[10:35] {nemo} changed to .32
[10:35] {nemo} last  quarter to go
[10:36] {nemo} took .10
[10:36] {nemo} spy and iwm look like they might be geting ready
[10:36] {nemo} to bounce
[10:36] {nemo} I'll be back...diaper change time
10:36] {Threei}  unless theyh switch to yesterday's mode of endless slide
[10:36] {dolores} yes
[10:37] {dolores} yesterday was holding and then crushed
[10:37] {nemo} well, iwm bottomed out at two major pivots yesterday, not sure it will break that after such a strong down day
[10:37] {dolores} though it crushed a lot already
[10:37] {dolores} copper prices still down
[10:38] {nemo} damn, screwed myself out of .04 above the low on NFLX
[10:39] {nemo} btw...spy retraced 38.2 off yesterday's low
10:39] {Threei} Short Setup: FCX  .45 break hl
10:39] {Threei}  If holds  .55
[10:40] {nemo} mmmhhh somebody fat fingered it
10:40] {Threei}  if SPY loses 134, all hell will break loose
10:41] {Threei}  guysm once again:
10:42] {Threei}  bookmarket reserve room adrdress
10:42] {Threei}  http://www.realitytrader.com/tradingroom/editedout.html
10:42] {Threei}  if something happens to main server, this is where you go
10:42] {Threei}  e-mail proves unreliable methid of communication as you don't seem to read it {G}
[10:43] {Beau} gm all.  computer prob
10:43] {Threei}  and Will... could you please check your junk folder? strange that our e-mails haven't reached you
10:43] {Threei}  beau :)
[10:44] {Will49} Nothing in Junk Mail
10:44] {Threei}  what the deuce
[10:44] {Will49} No problem now that I have the reserve address
10:46] {Threei}  SPY tests low
[10:47] {Beau} how has the morning been?
10:47] {Threei}  better than yesterday's
[10:48] {dolores} FCX triggered
10:50] {Threei}  134
[10:55] {nemo} sndk
[10:56] {nemo} tna and spy
10:56] {Threei}  lets trail to .51
10:57] {Threei}  out
[10:57] {nemo} long tna .72 small
[10:57] {nemo} looking to short sndk under .60 but gonna wait out this spy run
[10:57] {cipher} tna l.73
[10:57] {nemo} stop is .62 on tna
[10:57] {nemo} shoulda shorted sndk
[11:00] {nemo} phewww 1:1
[11:01] {cipher} out 1/2 tna .87
[11:01] {nemo} looking for  53 area next stop still .62
[11:02] {nemo}  final target is spy vwap
[11:04] {cipher} out tna .99
[11:07] {nemo} stop is under .90 for last piece unless spy drops .10 first
[11:07] {nemo} targt is .30 area
[11:09] {nemo} stop is .99
[11:10] {nemo} oh well
11:14] {Threei} Short Setup: WMT  .20 break
11:14] {Threei}  If holds  .25
[11:14] {nemo} diaper trader...
[11:14] {nemo} not
11:17] {Threei}  stop .21
11:18] {Threei}  half out .14
11:23] {Threei}  scalpers win
[11:28] {nemo} aapl looks short cipher
03[11:28] * Retrieving #discussions modes...
11:31] {Threei}  - Low volumes and little consequential data is making for a subdued trading session this morning, following yesterday's slide in US markets
[11:32] {nemo} Fed this afternoon
11:32] {Threei}  FOMC minutes
[11:32] {dolores} FCX at lows again
[11:33] {thomcbell} euro falls to 1.2229 - lowest vs. USD since July 2010
11:34] {Threei}  FCX finally breaks down
[11:39] {ese} hey all
11:39] {Threei}  ese :)
[11:39] {nemo} I'm leaving
[11:39] {ese} ya.......me too
11:39] {Threei}  and immediately shot up - that's why I back off from breaks
[11:40] {ese} i'm L pay .90
11:42] {Threei}  overtightened WMT trail a bit
11:42] {Threei}  it had more in it
11:47] {Threei} Short Setup: LVS  .20 break
11:47] {Threei}  If holds  .25
11:49] {Threei}  Invalidated
[11:49] {ese} L pay avg .95
[11:53] {nemo} the old vwap bounce play
11:53] {Threei} Long Setup:  TZA  .40 break
11:53] {Threei}  If holds  .35
[11:53] {nemo} spy made a higher low
[11:54] {nemo} small brkb .92
[11:54] {nemo} stop .84
[11:55] {nemo} GS trading relatively strongly today
12:00] {Threei}  Invalidated
[12:05] {nemo} stop is .90
12:07] {Threei} Long Setup:  CAT  80 break
12:07] {Threei}  hl
12:07] {Threei}  If holds  .90
12:10] {Threei}  let's trail to .94
12:27] {Threei} Short Setup: GDX  .90 break
12:28] {Threei}  If holds  42
12:28] {Threei} Short Setup: GG  33 break
12:28] {Threei}  If holds  .10
12:31] {Threei}  let's modifu GG
12:31] {Threei}  half lot short on .10 break
12:32] {Threei}  with stop above .15
12:32] {Threei}  and if it works, add second half on 33 break
12:33] {Threei}  invalidated for now
12:39] {Threei}  no go GDX
[12:44] {nemo} financials are closing the gap with the Monday close
12:49] {Threei} Long Setup:  WFC  .30 break
12:49] {Threei}  If holds  .25
[12:55] {nemo} If merely 'feeling good' could decide, drunkenness would be the supremely valid human experience. ~ William James
12:56] {Threei}  it's not?
[12:56] {nemo} yeah, threw me off too
[12:56] {nemo} better go for the coffee
[12:56] {nemo} it hit noon...well, you know how that goes
[12:57] {dolores} WFC still holding
[12:57] {dolores} it printed .24 two swcs
[12:57] {dolores} secs
[12:58] {dolores} is it stii valid'
[12:58] {dolores} ?
12:59] {Threei}  to me, yes
[12:59] {dolores} OK
[12:59] {nemo} put the bottle down, Vad
12:59] {Threei}  why?
[12:59] {nemo} so you can type dolores an answer
13:00] {Threei}  I type with my elbows
[13:00] {nemo} Personally, can't wait until Windows can trade through voice command
[13:00] {nemo} of course, then all I'll have to worry about is slurred speech
[13:00] {Will49} so if you have a mental stop at .24 you don't bail at the first print, no?
[13:01] {nemo} if it's moving this slow and this thick no
13:01] {Threei}  as much as I am familiar with voice-activated systems, your "buy TZA at 32" will eaily be interpreted as "short MSFT at 2"
[13:01] {nemo} you'll have time to get out without much slippage
13:01] {Threei}  now I am out
[13:01] {dolores} now yes
13:01] {Threei}  nemo's right
[13:01] {nemo} maybe with your accent
13:02] {Threei}  nah, seen native english speakers with the same problem
[13:02] {nemo} if you have a stock like NFLX that trades like a bipolar crack addict, your better off getting out when you see the first transaction below your stop
[13:02] {Will49} Must be a real art
[13:02] {ese} need to make that more dramatic...something like ..."Will IS!!!!! back"!!!!!..........that would work
[13:02] {nemo} you'are
[13:02] {nemo} speaking of...hi ese
[13:02] {ese} lol
[13:03] {nemo} holy bejeezus look at tlt
13:03] {Threei}  while this strategy (keeping tight 5-6 cents stops and utilizing gains to bigger potentuial) is the right way to handle this swampy uncertain period,... must so many of them get stopped??
[13:04] {nemo} careflul abu longs with bonds ripping like that
[13:04] {dolores} VAD you dont buy closer to the lows with a tight stop?
[13:04] {dolores} in this crazy market
[13:04] {ese} pay is gonna make 36 me thinks
13:04] {Threei}  not really Will... reread scvalping booklet part devoted to Level 2 reading, you will get it down in no time
[13:05] {Will49} Will do (pun)
13:05] {Threei}  well, I try to buy pullbacks instead of breakouts today, dolores
13:05] {Threei}  but you see that still, many get whipsawed
[13:05] {dolores} ok
13:06] {Threei}  (EU) German Fin Min Schaeuble: Launching eurobonds now would ignore the lessons of the crisis
13:06] {Threei}  exactly
13:06] {Threei}  more debt as a cure from too much debt?
[13:06] {dolores} if fed hints action the commodities will rally?
[13:07] {dolores} or if the economy is btter than expected which I doubt?
13:07] {Threei}  they should... but so far Fed didn't
[13:07] {dolores} commmodities get the more benefit from something like q3?
13:08] {Threei}  right
[13:08] {dolores} is that why they got hammered
[13:08] {dolores} this in between
[13:08] {dolores} not good and not bad?
13:08] {Threei}  more money sloshing around - commodities is the natural place for money to flow to
[13:08] {dolores} ok
[13:08] {ese} out pay .61 +.66 800shs.....good enough
13:08] {Threei}  nice one ese
[13:09] {ese} tks
[13:09] {dolores} be ack in ten before the fed
[13:10] {ese} was contemplating 2 or 3k but my conservative nature these days.......
[13:10] {ese} that'll get me enough gas to get to your place for the shiskabob bash
13:11] {Threei}  hmmm... that's get you enough gas to shuttle back and forth for a week non-stop, lol
[13:12] {dptl} can't drink that long :)
[13:12] {ese} lol
13:13] {Threei}  he takes vodka through IV
13:13] {Threei}  GG is back on a radar
[13:14] {ese} been watching that for a few days now.......does it look like a capitulation to you vad?
13:15] {Threei}  in progress...
13:15] {Threei}  far from done most likely
13:15] {Threei}  this kind of drops are rarely limited to one day
13:15] {Threei} Short Setup: GG  33 break
13:19] {Threei}  ok GG... make our day
13:19] {Threei}  you have great potential
[13:22] {Will49} stop?
13:23] {Threei}  above .10
[13:23] {Will49} tks
13:27] {Threei}  sheesh... this kind of break should send stock tumbling in seconds
13:28] {Threei}  instead it drops 5 cents and falls into coman
13:28] {Threei}  coma
[13:30] {nemo} http://fwd4.me/15GQ
[13:30] {dolores} what time the fed?
[13:30] {Will49} yes....saw that this morning....awesome
[13:31] {Will49} sad but true
13:33] {Threei}  14:00 EST
[13:33] {dolores} thxs
13:52] {Threei}  sigh
[13:52] {dolores} always some people in the market have the news minutes ahead
[13:52] {dolores} lets see now
[13:59] {dolores} there we go
[14:00] {Will49} Yikes!
14:00] {Threei}  *(US) MINUTES OF THE JUNE 20 FOMC MEETING: PARTICIPANTS SAW A POSSIBLE SIGNIFICANT SLOWDOWN IN CHINA; FEW FOMC PARTICIPANTS SAW QE POSING INFLATION RISKS
[14:00] {nemo} wow that was classic stop hunting on both sides
14:01] {Threei}  whipsaw
14:01] {Threei}  sit it out
[14:01] {Will49} no kidding
[14:01] {nemo} or as Jeff cooper calls it the cha cha cha
14:01] {Threei}  there is no way to win this
[14:01] {nemo} the third cha is the true direction
14:01] {Threei}  well, there is one
[14:01] {nemo} fix the market
[14:01] {ese} sheesh
14:01] {Threei}  close your eye, click random buttons, open your eyes and see if you licked out
[14:02] {nemo} licked out?
[14:02] {nemo} you talking about trading
[14:02] {nemo} ?
[14:02] {Will49} I've been licked all morning
[14:02] {ese} licked out
14:02] {Threei}  lucked... jeez
[14:02] {ese} ?
[14:02] {ese} rotflol
[14:02] {ese} maybe the best fopaw yet
[14:02] {dolores} slowdown on china will bring the commodities fuerther down
14:03] {Threei}  SHOULD STUDY TOOLS FOR NEW EASING
[14:03] {nemo} throw the women and children overboard
14:03] {Threei}  so far the only mention of easing
14:03] {Threei}  and very unconvincing
[14:04] {dolores} yes but thye were favorable to if needed+
[14:04] {nemo} Bill Gross must be having hemrrhoid issues right about now
[14:04] {dolores} the fine print
[14:05] {nemo} iwm support 78.6
[14:06] {nemo} sppy low of yesterday
14:06] {Threei}  EUR under 1.222
14:07] {Threei}  gold under 1570
14:07] {Threei}  deflation
[14:07] {nemo} ANARCHY!!!!!
[14:07] {nemo} bit over the top
14:07] {Threei}  (US) PIMCO's Bill Gross: PIMCO's forecasts show that US unemployment rate at this time next year will be higher than the current level
[14:07] {nemo} and we'll all have starved because there's no corn
[14:11] {dolores} QCOR against the market
[14:14] {dolores} now market digesting the fine print?
[14:14] {dolores} no qe3 soon
14:16] {Threei}  pretty much... not yet at least
14:16] {Threei}  maybe closer to election
14:16] {Threei}  to boost the incumbent
[14:20] {dolores} financials holding green
[14:23] {nemo} frickin' Fed day
[14:26] {nemo} qcor looking interesting for short
[14:26] {nemo} think it gets to vwap first though
[14:27] {nemo} maybe not
[14:29] {dolores} bounced back a lot but has difficult breaking .60
[14:29] {dolores} if it does and market comes back....
14:29] {Threei}  Shorter Fed Minutes: "We may or may not do something someday."
[14:30] {nemo} To be or not to be, that is the question
[14:30] {nemo} Or, "It is a definite 'maybe'"
14:33] {Threei}  GG... ^%$#@(&
[14:35] {nemo} upro long .81 small
[14:35] {nemo} stop .69
[14:36] {dolores} QCOR pity
[14:36] {nemo} weird got picked off at .917
[14:37] {nemo} I'm out, bad feeling
[14:39] {nemo} Raven's fault
14:39] {Threei} Long Setup:  IWM  .65 break
14:39] {Threei}  If holds  .60
[14:39] {nemo} Where is our favorite corvus?
[14:40] {nemo} Oh, btw Raven, I have a book about your relatives
[14:42] {nemo} waited for that higher low, huh, Vadster?
14:42] {Threei}  stop reading my mind... trust me, it can't be good for your mental health
14:42] {Threei}  on second thought... what mental health
14:42] {Threei}  half out .72
14:43] {Threei}  stop to .64
[14:43] {nemo} I read the chart...your mind is a conundrum wrapped in an enigma surrounded by a question of a moat
14:44] {Threei}  and all that is in chrono-synclastic infundibulum
[14:44] {ese} reversal
[14:44] {nemo} actually I think the drunk Brit said something akin to that about Communist Russia
[14:44] {nemo} or was it women?
[14:45] {dptl} and i thought i know some english....lol
14:45] {Threei}  offering 1/4 more .77
[14:45] {nemo} well, snatched defeat from the jaws of victory on that one
[14:45] {nemo} yeah, Churchill
[14:46] {nemo} "I cannot forecast to you the action of Russia. It is a riddle, wrapped in a mystery, inside an enigma;
14:46] {Threei}  ... scalpers win again
14:46] {Threei}  rinse... crap
14:50] {Threei}  great, now it proceedes right to the swcond target
[14:51] {nemo} boy did I have the bottom
14:52] {Threei}  hopefully remaining two days go better, or this will officially be a the toughest week of the year
[14:52] {nemo} earnings kick off in earnest next week
[14:52] {Will49} it must be me bringing bad luck :)
14:53] {Threei}  don't let it bother you... enjoy it
[14:53] {Will49} I am...just kidding
[14:54] {Will49} see the smiley face?
[14:54] {nemo} We are not amused
14:54] {Threei}  no, not really... being in consxtant contact with nemo makes me see scowls behind each and every smile
[14:55] {Will49} :):):)
[14:55] {nemo} mmmhhhh....think it's time to have my meds adjusted again
[14:55] {nemo} now I'm not a bad guy...show them the picture of bunny I sent you
[14:59] {nemo} shorted a little lulu at .19
[14:59] {nemo} stop above .30
[15:01] {nemo} oh oh
[15:01] {nemo} I suppose this could actually be a long to 56 area too
15:09] {Threei}  which way last hour
[15:09] {Will49} up-down-sideway
15:12] {Threei}  FCX
15:12] {Threei} Long Setup:  FCX  .25 break
15:12] {Threei}  If holds  .15
[15:15] {nemo} spy looking short here
15:16] {Threei}  wtf
[15:16] {nemo} whaddya mean?
15:16] {Threei}  whiever way you change your strategy, none's working
[15:16] {nemo} I caught the bottom and wussed
15:16] {Threei}  same here with IWM trade
15:17] {Threei}  rinsed second half
[15:17] {nemo} now spy came up and tested the 50 SMA and is dropping but holding trend
15:17] {Threei}  but FCX held the low ever since dropping first time after FOMC
15:17] {Threei}  even when SPY made new lows
15:17] {Threei}  isn't it an entry on a pullback?
[15:17] {nemo} yeah, but it's at the low right here
[15:18] {nemo} GDX above the lows
[15:18] {nemo} XLB is moving up
[15:19] {Will49} is FCX break .25 still on?
15:19] {Threei}  yes
[15:19] {Will49} Tks
15:19] {Threei}  never lost stop support
15:19] {Threei}  I just hate the way every trade struggles
15:19] {Threei}  where are my favorite "that was easy" trades
[15:19] {Will49} was concerned about your comments about pullback
[15:20] {Will49} thought you'd changed your mind
15:20] {Threei}  {nemo} as if he has anything to change
[15:25] {nemo} vwap on spy just above 134, one would think the don't want to close it below the whole.  At 79 area IWM you have the Monthly and Quarterly Pivots.
[15:25] {nemo} Now...watch the market tank
15:25] {Threei}  sigh
15:26] {Threei}  The Week When Nothing Worked
[15:26] {Will49} been a sighing kind of day eh?
15:26] {Threei}  certainly
[15:26] {nemo} vaseline kinda day
[15:27] {nemo} Actually did o.k. just it's been a hard week...welcome to Summer
[15:27] {dolores} sorry was out
15:27] {Threei}  even looking at intraday SPY, no slightest sign of pattern
[15:27] {dolores} FCX still a buy here?
15:27] {Threei}  no
[15:27] {dolores} OK
15:27] {Threei}  listless up and down
[15:28] {Will49} what's it all about Alfie?
15:28] {Threei}  just a lot of confusion and hesitation
[15:28] {nemo} cute
15:28] {Threei}  weill clear up soon
[15:30] {Will49} although it's frustrating for you guys, I think it's a good learning environment for me
[15:30] {Will49} guys mean you too Delores
[15:30] {nemo} yeah, it's like syphilis.  It comes and it goes
[15:30] {Will49} Deloroes
[15:30] {Will49} dolores
[15:31] {Will49} :(
[15:31] {dolores} ok will thanks
[15:31] {dolores} I felt included don't worry
[15:32] {Will49} good, I lean toward male chauvanism at times
[15:32] {nemo} Off to the work camps for sensitivity training with you comrade
[15:32] {ese} ok .....well i'm otta here........
[15:32] {Will49} :)
[15:32] {nemo} Enjoy cutting trees for the glory of the proletariat
[15:32] {ese} cyou al ta ma ra
15:33] {Threei}  take care ese
[15:33] {Will49} see yo ese
15:38] {Threei} Short Setup: SLW  .60 break
15:38] {Threei}  I mean, come on... breakout of .60 just MUST be a trap for longs, thne way today goes, right?
15:38] {Threei}  and FCX makes new lows
15:39] {Threei}  and SLV can't break ,25
[15:39] {nemo} wait until it get's to .70 and see how you feel ab out it
15:40] {Threei}  Invalidated
15:40] {Threei}  but yes, looking for diff trigger
15:42] {Threei}  let's try .65 break if stays under .70
15:43] {Threei}  invaliated
[15:43] {nemo} .70 is vwap
[15:43] {nemo} .76 is old support
[15:43] {dolores} FCX long with stop at .10?
15:44] {Threei}  I don't really like it..
[15:44] {dolores} not now
[15:44] {dolores} was .15
[15:45] {nemo} I had the frickin' bottom and wouldn't have gotten stopped out
15:47] {Threei}  tie the pencil to mule's tail, get mule drunk, put a sheet of paper under the pencil and pin the mule with needle - you'll get today's chart
[15:47] {Will49} lol
[15:47] {nemo} with the mule shit as a bonus
15:47] {Threei}  right
15:47] {Threei}  seriously, look at it
15:48] {Threei}  EKG of a guy meeting gf parents
[15:48] {nemo} after getting her pregnant
[15:49] {Will49} nemo..there's been a theme to your comments today
15:49] {Threei}  and finding out her mother is a kickboxer
15:52] {Threei}  ok
15:52] {Threei}  last try
15:52] {Threei}  .80 break
15:52] {Threei}  SLW
15:52] {Threei}  quick scalp or stop at .86
15:52] {Threei}  unless never triggers
15:53] {Threei}  SLV drops
15:54] {Threei}  invalidated
15:54] {Threei}  shrug
[15:54] {dolores} ok guys see you tomorrow take care
15:54] {Threei}  you too dolores
[15:54] {dolores} thxs vad
15:54] {Threei}  OK, let's put an end to this torture
[15:54] {dptl}    see ya tomorrow all
[15:54] {Will49} :)
15:54] {Threei}  have a good evening all, see you tomorrow
[15:54] {Will49} By everyone
[15:54] {dolores} probably market will be better tomorrow without the expectation of the FOMC
[15:54] {dolores} by everyone
15:54] {Threei}  hopefully