Wednesday, August 22, 2012

Aug 22 2012

Another August day - boring enough to complain and profitable enough to justify waking up. So I guess complaining is not justified.

Session Time: Wed Aug 22 00:00:00 2012
[08:40] {nemo} omg...the market is negative
[08:40] {Threei}  well... market suddenly remembered there is Greece
[08:40] {nemo} and getting negativer
[08:41] {nemo} can we put a moritorium on niceties around here?
[08:41] {Threei}  'cause Greece thereiser
[08:41] {Threei}  we keep them tp bare minimum
[08:42] {nemo} can we keep them to a minimumer?
[08:42] {Threei}  what's your limit per day per person?
[08:42] {nemo} -3
[09:10] {Threei}  (GR) EU's Juncker: Confirms that no decision on Greek aid before Oct
[09:10] {scottie} gm
[09:10] {Threei}  scottie :)
[09:10] {nemo} yeah, except the ESB has been lending them money to make payments BACK to the ESB
[09:11] {cipher} gm
[09:11] {Threei}  of course... otherwise how would they pay ECB
[09:11] {Threei}  cipher :)
[09:11] {nemo} eqzaktly
[09:16] {nemo}
[09:18] {dolores} hello GM
[09:18] {Threei}  dolores :)
[09:20] {Will49} Top o the mornin' ta you all
[09:20] {Threei}  will :)
[09:22] {Beau} good morning all
[09:22] {RonS} buenos dias todos personas
[09:22] {Threei}  beau :)
[09:22] {Threei}  ron :)
[09:23] {nemo} I should just log in after the open
[09:23] {ese} gm..........and a ugly mornin it is too................been awake since 3am my time
[09:24] {nemo} cry me a river
[09:24] {ese} lol
[09:24] {dino} gm
[09:24] {Threei}  ese, dino :)
[09:24] {thomcbell} under normal markets - (day, week, year, decade as i say ad nauseam, ) I would be looking to short retracement move to pivots in individual names
[09:24] {thomcbell} today
[09:24] {thomcbell} but......
[09:25] {Threei}  I think oput first move is going to be shorting
[09:25] {jackharry} good morning
[09:25] {nemo} market smack in the middle of two whole numbers: either does nothing or goes to test one of them
[09:25] {Threei}  jack :)
[09:29] {dptl} gm
[09:30] {Threei}  dp :)
[09:30] {nemo} oh...FOMC today
[09:30] {nemo} hurry up and wait
[09:30] {Threei} Short Setup: FCX  .40 break hl
[09:31] {Threei}  Invalidated  
[09:32] {Threei}  lol
[09:33] {Threei}  valid again
[09:33] {Threei}  stop above .45
[09:33] {Threei}  half out
[09:33] {Threei}  stop to .41
[09:34] {Threei} Short Setup: LVS  .10 break
[09:34] {Threei}  out FCX in full
[09:34] {Threei}  LVS stop above .20
[09:36] {Threei} Short Setup: FCX  .35 break
[09:36] {Threei}  no go LVS
[09:36] {nemo} New Home Sales 4.47
[09:36] {Threei}  FCX stop above .40
[09:37] {Threei}  half out
[09:37] {nemo} 4.55 expected
[09:37] {Threei}  stop to .36
[09:38] {Threei}  (GR) German Chancellor Merkel: Won't make any decisions in Samaras talks, confirms must wait for Troika report on Greece- Euro area countries need to abide by the compact rules.
[09:38] {Threei}  1/4 more out
[09:38] {Threei}  .21
[09:39] {Threei}  (GR) Confirms PM Samaras to seek 2-year extension in deficit targets - financial press- 2-year extension can be financed without Troika aid - First repayment of EU-IMF bailout would be pushed back to 2020 from 2016
[09:39] {Threei}  lol
[09:39] {Threei}  what a farce
[09:39] {nemo} cat
[09:40] {Threei}  yeah, 4.47... leaked on their own website, lol
[09:40] {nemo} l cat .31
[09:40] {nemo} stop under .20
[09:41] {nemo} mhhhhh...this doesn't look good
[09:41] {Threei}  what doesn't?
[09:41] {Threei}  valid setup, let it trade
[09:42] {nemo} weird coudn't get hit at .41
[09:42] {nemo} frickin sub penny bs
[09:43] {nemo} .30 bid 
[09:43] {nemo} somebody is gonna throw a brick through it
[09:43] {nemo} yep
[09:43] {dino} intu sm l .15
[09:44] {thomcbell} long setup aem 46.30 break if holding 46.20
[09:44] {thomcbell} missed it 
[09:44] {nemo} wow
[09:44] {nemo} 1:1
[09:45] {dino} out intu .51, +.36
[09:45] {Threei}  and 1:2, and 1:3
[09:45] {cipher} INTU +.28 thx dino
[09:45] {nemo} couldn't get it to 141 we'll test 142
[09:45] {Threei}  when it moves, it moves. Stop reading all those consipracy bsers
[09:45] {nemo} partialed .62
[09:45] {nemo} what conspiracy
[09:45] {Threei}  you are not playing subpenny game
[09:46] {Threei}  you are playing trend
[09:46] {Threei}  or trend reversal
[09:46] {nemo} stop under .40
[09:46] {Threei}  if it's there and you read it right, no amount of those games will prevent you form profiting
[09:46] {jackharry} out +.20 on CAT, thanks nemo
[09:46] {nemo} yw john harold
[09:47] {Threei}  I start thinking all that HFT bs is nothing more than excuse for those who can't trade
[09:47] {Threei}  but want a tribune and issue
[09:47] {thomcbell} damn aem 
[09:48] {nemo} bunch of transactions were happening at .409 
[09:54] {nemo}
[09:54] {Threei}  (GR) Germany FDP (coalition) legislator Fricke: Opposed to providing Greece any more time for meeting bailout and reform committments
[09:54] {Will49} blah blah blah
[09:55] {Will49} bored with all the posturing in EU
[09:56] {Threei}  {EU} we will try harder at our stand-up act. Just you wait
[09:56] {RonS} came to wrong place then 
[09:56] {RonS} 3i plays this like it was the OJ trial
[09:56] {Threei}  lol
[09:57] {Threei}  for some reason, I can't stop staring at all this farce with sheer amazement
[09:57] {RonS} took intu .97 to 58.48  thanks dino +.51
[09:57] {dino} gj
[09:59] {dino} having trouble getting a feel for today
[09:59] {nemo} lvs
[09:59] {nemo} yeah me too dino
[09:59] {nemo} fed day
[09:59] {nemo} lvs lvs lvsw
[09:59] {nemo} .20 OFFER
[10:00] {nemo} disappears comes back disappears come back, somebody trying to put a roof on it
[10:01] {Threei} Short Setup: CAT  89 break hl
[10:01] {Threei}  If holds  .15 
[10:02] {nemo} cut .22 lvs
[10:02] {nemo} caught
[10:02] {nemo} partial .36
[10:02] {nemo} stop to .20
[10:03] {nemo} think it heads to .90
[10:05] {nemo} stop to .29
[10:06] {nemo} arguably break of .50 is another entry
[10:07] {nemo} stop to .39
[10:07] {dolores} CAT was invalidated?
[10:07] {Threei}  CAT is calid
[10:07] {Threei}  ugh
[10:07] {dolores} ok
[10:07] {Threei}  too fast anyway
[10:08] {Threei}  broke while I typed
[10:08] {dolores} a buy any moment
[10:08] {Threei} Short Setup: GDX  .60 break
[10:08] {thomcbell} lvs wow - i liked that gap at 42 but wow what an explosion 
[10:09] {ese} spyders trying to get past .71
[10:09] {thomcbell} small duration head and shoulders bottom thta it broke the  neckline of on friday and it tested neckline yest 
[10:10] {nemo} partialed more at .49, too much work
[10:10] {nemo} stop last .35
[10:10] {dolores} stop gdX?
[10:11] {Threei}  standard, above .70
[10:11] {dolores} THXS
[10:13] {nemo} .60ish gap for cat
[10:13] {nemo} do or die lvs
[10:14] {nemo} curb stomp the bastid
[10:14] {Threei}  half out
[10:14] {nemo} kinda interesting when the jaw ligmaments let go
[10:14] {Threei}  stop to .61
[10:14] {Threei}  target .35
[10:15] {nemo} for cat?
[10:15] {Threei}  GDX
[10:15] {scottie} out gdx +.11 thanks
[10:15] {Threei}  yw
[10:15] {Threei}  you in CAT nemo?
[10:16] {nemo} yeah
[10:16] {dino} whr sm s .79
[10:16] {nemo} .61 is gap
[10:16] {Threei}  from where?
[10:16] {nemo} .99
[10:16] {Threei}  cool
[10:16] {dino} cat pause don't like, cov +.22 ty 3i
[10:16] {nemo} looks like indices gonna flatten out
[10:17] {nemo} my stop is .86
[10:17] {nemo} ish
[10:17] {nemo} wow...dino scalping
[10:17] {dino} lol
[10:17] {nemo} hahahah
[10:17] {nemo} tested .88 and dropped
[10:18] {nemo} I'm feeling better about it
[10:19] {nemo} partialing cat
[10:20] {nemo} changing stop to .90 after the partial, that volume spike
[10:21] {dino} whr stop is .96
[10:21] {nemo} bidding .66 CAT  would bid .666 but I can't subpenny
[10:22] {thomcbell} wow ebay a real market leader this cycle
[10:22] {thomcbell} wow
[10:23] {nemo} out cat
[10:25] {ese} aye eyaye aye!!!!!!range bound or what
[10:25] {nemo} nuan
[10:25] {nemo} Fed Day
[10:26] {ese} ahhhhhhh.......missed that tks
[10:26] {nemo}
[10:27] {nemo} more followers on
[10:28] {ese} first market humor i've ever read
[10:28] {nemo} me too
[10:28] {ese} it's really bad
[10:28] {RonS} your retweet finds have become substantial nemo
[10:29] {nemo} I'm a frickin' rabbit fur crissakes
[10:29] {nemo} we're gonna pop
[10:29] {dolores} FCX trying against the market
[10:30] {dolores} same thing yesterday over 37
[10:30] {RonS} it is classic ese...your jokes yesterday on the other hand...were worse god forbid than soviet jokes...
[10:30] {RonS} :D
[10:30] {Threei}  sniff sniff
[10:31] {nemo} O.k.  can I get drunk and sober up by 2:15?
[10:31] {Threei}  they are... ummm... "you had to be there" kind
[10:31] {RonS} titn dino
[10:32] {nemo} tol small long .30
[10:33] {nemo} stop under oops...15
[10:33] {Threei} Long Setup:  FCX  .60 break
[10:33] {Threei}  If holds  .55 
[10:34] {Threei}  FB Hearing ITG Majestic making cautious comments
[10:34] {Threei}  lol
[10:34] {Threei}  not so majestic timing eh?
[10:36] {Threei}  no go FCX
[10:36] {nemo} got partial tol
[10:37] {nemo} stop under .30
[10:39] {cipher} titn l.20
[10:40] {nemo} a dino oldie but goodie cipher
[10:41] {dino} titn sm l .08
[10:41] {nemo} and the bromance continues
[10:42] {nemo} I think I'm jealous
[10:42] {dino} lol
[10:42] {RonS} thinkin better than a furmance...
[10:42] {nemo} not bad Ron
[10:42] {RonS} :D
[10:43] {nemo}
[10:43] {dino} ravn sm l .52 ave
[10:43] {nemo} .30 area is the defecate or get off the pot level for titn
[10:43] {dolores} GDX tricked me holding and holding finally gave in
[10:44] {dino} titn c&h forming?
[10:45] {nemo} if it holds .30 and consolidates, then breaks likely to vwap
[10:45] {dino} giddy-up
[10:46] {nemo} think you run into time issues because the indexes likely to chop into Bennie
[10:46] {Threei} Short Setup: MOS  .15
[10:46] {thomcbell} short setup lvs Vad?
[10:46] {Threei}  If holds  .25 
[10:46] {thomcbell} 43.57 break if holding 43.65
[10:46] {Threei}  yes
[10:47] {nemo} mos
[10:47] {nemo} sorry
[10:47] {dino} 07 red
[10:48] {nemo} might want to make that .25ish on the stop I can see it testing .30
[10:48] {ese} am going back to bed for a bit....have doubled dn on my jpm position from yesterday....bought some more at .68 this morning am now avg the stop loss in at .90 catch you in a bit
[10:49] {RonS} sleep tight ese
[10:49] {thomcbell} lvs 1:1
[10:52] {cipher} out titn .41 +.21
[10:53] {dolores} missed MOS thhis things are too fast
[10:53] {dino} gj cipher
[10:53] {cipher} ty
[10:53] {Threei}  1:1...
[10:53] {scottie} same here dolores
[10:53] {Will49} me D
[10:53] {Will49} me too
[10:53] {Threei}  no secondary entry if bounces
[10:53] {dolores} thxs scottie makes me feel better
[10:54] {dolores} thought I am the slow one !
[10:54] {dino} out titn .40, +.32
[10:54] {dolores} was .17 and suddenly .10
[10:54] {cipher} meli l .89
[10:54] {dolores} pity
[10:54] {Will49} rub a dub dub three slow traders in a tub
[10:54] {dolores} nice call VAD
[10:55] {dolores} JA JA we should playe the bounces for being slow
[10:55] {Will49} :)
[10:55] {dolores} make the 1. 1 when vad covers
[10:58] {nemo} titn heading to vwap
[10:58] {dolores} NEMO you in CAT?
[10:58] {nemo} no, it retraced above .90 out then
[10:58] {nemo} too bad though huh
[10:58] {dolores} no support?
[10:59] {nemo} natural bounce area the whole, 20 day sma is right here
[10:59] {Threei}  LVS beautiful
[10:59] {thomcbell} lvs 1:2
[10:59] {thomcbell} tu
[11:02] {thomcbell} stop on lvs balance to 43.41
[11:02] {thomcbell} bidding 43.22 on rest 
[11:03] {nemo} see effect of whole number and 20 day simple moving average on cat
[11:04] {thomcbell} out lvs
[11:10] {nemo} spy and IWM touched vwap on that run, now we could meander until bennie
[11:17] {nemo} wow cat
[11:18] {nemo} iwm spy a two way here
[11:19] {nemo} long spxu small .79
[11:19] {nemo} 70
[11:19] {nemo} stop under .65
[11:20] {Threei} Short Setup: POT  42 break
[11:20] {Threei}  If holds  .10 
[11:22] {nemo} look for .80ish bounce
[11:23] {dolores} someone knows what the fed will say
[11:23] {nemo} of course
[11:23] {dolores} probably big fishes know already
[11:23] {Threei}  Fed does
[11:23] {Threei}  Ben sells his holdings
[11:25] {thomcbell} long setup lvs 43.22 break if holding 43.12
[11:25] {thomcbell} target 1:2
[11:25] {nemo} tink I'll scratch here
[11:28] {nemo} yeah, iwm and spy were holding their lows, we're doing the vwap shuffle
[11:30] {thomcbell} lvs invalidated
[11:30] {Threei}  SPY chart looks breakdownish
[11:35] {nemo} well if it breaks down, should go well, but my indications are long for iwm and spy, probably to vwap
[11:36] {nemo} 80.82 is WPP on IWM with .80.90 as daiy S1
[11:44] {Threei}  Modern ponzi scheme: Greece issues Bills, repos to ECB via ELA, uses cash to pay Germany, as Germany funds ECB. Rinse. Repeat. Net cash: 0
[11:45] {RonS} lol
[11:46] {Threei}  1 cent shy of 1:1... let's trail to .06
[11:46] {RonS} Shakesperean:  what a tangled web do we weave...
[11:51] {Threei}  OK, who wants to laugh till colics and cramps?
[11:51] {Threei}  fair warning, do not read the line below if you don't
[11:51] {Threei}  (GR) Greece PM Samaras guarantees Greece aid will be repaid in full; will deliver on promised reforms
[11:52] {Will49} yawn....what did we expect?
[11:52] {Threei}  and we guessed where Iraqi minister of information went
[11:54] {RonS} wtw dropping a few lb's...
[11:55] {Threei}  ok... lol
[11:57] {Threei}  (ES) S&P comments on Spain; sees any potential bailout request as not directly impacting the sovereign rating
[11:58] {Threei}  Also believe that political consensus among European policymakers remains brittle, which could continue to hamper smooth implementation of a cohesive and robust support program. We have also observed the rising political tensions between the central government and several of Spain's regional governments regarding the timing and nature of compliance with regional budgetary targets.
[11:58] {Threei}  - Finally, we are of the view that an exit from the European Economic and Monetary Union (EMU or eurozone) of a member such as Greece could raise significant investor doubts about the future eurozone membership of Spain and that of other peripheral sovereigns. In our view, a eurozone exit by any member sovereign would implicitly reintroduce currency risk in cross-border financial transactions.
[11:59] {Will49} ya think?
[11:59] {Threei}  I really don't
[11:59] {Threei}  I tried once
[11:59] {Threei}  it hurt
[11:59] {Will49} :D
[12:00] {dino} hit/miss/hit/miss day so far
[12:00] {Will49} just makes me sick to see leaders all over the world doing a snow-job on their people
[12:00] {Will49} no ethics
[12:01] {Will49} say anything to keep power
[12:01] {RonS} dino...aka...wifebeater...
[12:01] {Will49} am I jaded or what?
[12:01] {RonS} hit miss
[12:01] {Threei}  no but you are making this error of trying to think in an unthikable world
[12:01] {Will49} I guess
[12:02] {Threei}  I strongly advise to talk to nemo
[12:02] {Threei}  he cures this bad habit quickly and effectively
[12:02] {Will49} only guy left with any morals
[12:02] {Will49} nemo that is
[12:03] {dino} lol
[12:03] {Will49} he has a rabbit...can't be that bad
[12:06] {Threei}  ok POT... time to do something or get off yourself
[12:06] {Will49} lol
[12:07] {Threei}  ummm... ron?
[12:07] {Threei}  I made an effort to laugh at your WTW joke!
[12:07] {Threei}  1:1
[12:07] {Threei}  finally
[12:08] {Threei}  half out
[12:08] {Threei}  stop to .01
[12:08] {Threei}  scalpers know what to do
[12:09] {scottie} +.08 out ty
[12:09] {Threei}  yw
[12:10] {Threei}  closer to FOMC time every trade becomes more like pulling tooth, so glad tp get this one right
[12:10] {RonS} sorry 3i, stepped out...not a joke per se...guess always wanted to be a stupid headline writer...
[12:11] {Threei}  yopu won't ever beat my local newspaper
[12:11] {Threei}  cringing every time
[12:12] {Threei}  someone in their editorial stuff obviously thinks any headline just can't exist without some kind of pun
[12:14] {RonS} may have mentioned before but the classic is when the japanese emporor or pn visited britain for the first time in history
[12:14] {RonS} newspaper ran "There's a little nip in the air"
[12:14] {Threei}  oh boy
[12:15] {scottie} lol
[12:16] {dino} lol
[12:28] {thomcbell} wow
[12:40] {dino} fed at 2:15 as usual?
[12:41] {RonS} saw a 2:00 minutes release not rate announcement
[12:41] {dino} ty
[12:53] {Beau} off to doc.  see you all tomorrow
[12:53] {Will49} BOHICA Beau
[12:53] {dino} lol
[12:54] {RonS} gl beau
[12:56] {Threei}  take cre beau
[13:10] {nemo} so IWM dropped to the weekly pivot while I was out
[13:13] {nemo} if you're having a poor u day, listen to the Jimmy Fund Telethon on
[13:15] {nemo} Red Sox have been part of the Jimmy Fund since the 50's.  This radio station runs a telethon every year...good for perspective
[13:15] {Threei}  New poll finds wide majority of seniors have favorable opinion of Ryan
[13:16] {Threei}  hmmm... maybe I was too pessimistic, and he is not a killer of Romney chances
[13:19] {Will49} I think this election will turn on how well each side gets its "core" vote out to the polls. Ryan helps get the R vote out while all lot of Ds are going to sit it out this time
[13:20] {Will49} and I'm betting it'll be close as Bush-Gore
[13:20] {dino} you are too pessimistic on him, lots of people realize the growing debt/entitlements
[13:21] {Threei}  yeah... I just don't get why not Rubio - all the same pluses, and more, and no controversy around medicare plan
[13:21] {dino} because medicare is the multi trillion dollar issue
[13:23] {Will49} yes...medicare is onlyissue most voters understand
[13:24] {Threei} Long Setup:  LVS  .30 break
[13:24] {Threei}  If holds  .20 
[13:33] {Threei}  1:1
[13:45] {nemo}
[13:59] {Threei}  1:2
[13:59] {nemo} what did he say
[14:00] {nemo} what is "IOER"
[14:00] {Threei}  - Some participants commented on other possible tools for adding policy accommodation, including a reduction in the interest rate paid on required and excess reserve balances. While a couple of participants favored such a reduction, several others raised concerns about possible adverse effects on money markets
[14:01] {Threei}  - In light of the Bank of England's Funding for Lending Scheme, a couple of participants expressed interest in exploring possible programs aimed at encouraging bank lending to households and firms, although the importance of institutional differences between the two countries was noted
[14:01] {Threei}  1:3, over and out
[14:01] {nemo} pullback is over, onward and upward
[14:02] {Threei}  nice to get 30-center in the niddle of summer day
[14:02] {nemo} I'd prefere a nooner
[14:03] {nemo} bonds not dropping
[14:06] {dino} tlt s .80
[14:07] {dino} cov .60, +.20
[14:07] {thomcbell} short small fcx
[14:08] {thomcbell} target 36.35
[14:08] {dino} ravn sm s .05
[14:08] {dino} .95 ave not 05
[14:08] {nemo} so we've had the cha cha, likely to go up now
[14:15] {dino} cov ravn .65, +.30
[14:15] {thomcbell} flattening fcx 
[14:16] {thomcbell} small gain
[14:19] {nemo} bidu looks long
[14:23] {nemo} yeah there goes bidu
[14:23] {cipher} +.19 bidu thx nemo
[14:23] {nemo} good until .55
[14:24] {nemo} me thinks
[14:24] {nemo} whoa, check that bonds are ripping
[14:25] {nemo} o.k. longs beginning to take shape
[14:26] {Threei} Long Setup:  MOS  .25 break
[14:26] {Threei}  If holds  .15 
[14:27] {Threei}  1:1 in a blink of eye
[14:27] {cipher} tna l.87
[14:27] {nemo} yeah same with tna
[14:27] {thomcbell} gld and gdx complex
[14:27] {thomcbell} strong
[14:28] {cipher} out 1/2 tna .07 +.20
[14:28] {nemo} bidu hit target
[14:28] {thomcbell} excellent nemo
[14:29] {dino} l tbt .80
[14:30] {nemo} God bless ya' Dino
[14:30] {thomcbell} gdx long setup 46.89 break if hlding 46.77 1/2 lot 
[14:31] {nemo} bastid cipher, I got in at .91
[14:31] {nemo} looking for IWM vwap
[14:31] {cipher} out 1/4 tna 30 +.43
[14:31] {nemo} we're there
[14:31] {nemo} size buyers coming into futures
[14:31] {thomcbell} target gdx is yest high at 47.20 
[14:33] {nemo} carefull at 47 that will be natrual resistance 47.08 is R1 on the daily
[14:34] {cipher} out remainder tna .40 +.53
[14:34] {nemo} stop to .30 on tna
[14:35] {nemo} ish
[14:35] {thomcbell} gdx 1:1
[14:35] {nemo} financials still going
[14:36] {thomcbell} gdx 1:2
[14:37] {nemo} stop to .39 tna
[14:38] {thomcbell} gdx stop to 46.99
[14:38] {dino} out tbt .84, +.04
[14:39] {nemo} shit...should have stuck with bidu
[14:39] {nemo} out tna
[14:40] {thomcbell} aapl just a beast 
[14:41] {nemo} damn, tightened my stop...
[14:42] {thomcbell} lvs looks like a long setup 43.71 
[14:42] {thomcbell} if holding 43.65
[14:42] {nemo} yesh, but I have resistance just below 44
[14:43] {thomcbell} it would be a scalp trade anyway 1:2 
[14:43] {thomcbell} or something like that 
[14:43] {nemo} imo, careful about breakouts here
[14:43] {nemo} looking at index, tehy look a tad tired
[14:43] {nemo} imo
[14:43] {nemo} then again, it's me
[14:44] {nemo} wathc spy iwm, if they go buy lovs
[14:44] {nemo} lvs
[14:44] {thomcbell} agreed going to cancel that buy stop 
[14:45] {nemo} hidden seller on lvs
[14:45] {nemo} buy here small, and stop under .65
[14:45] {nemo} imo
[14:46] {thomcbell} gdx - hehe
[14:46] {thomcbell} bad stop order 
[14:47] {nemo} what, you have a hard order in?
[14:48] {thomcbell} i trailed my stop when it crossed 47 to 46.99
[14:48] {nemo} too tight in August dude
[14:48] {nemo} but, it might work out...You'll save money, but bad trade
[14:48] {thomcbell} agreed 
[14:49] {thomcbell} but ..... i have done better once i started scalping in auguest 
[14:50] {nemo} you should, but you have to be a little slower on your stops, because you'll see they'll sell a few hundred shares on one side of your stop and then go back to the other side.  The algo's test stops, and it's easier in the Summer
[14:50] {nemo} Hard stops will cost you money
[14:50] {nemo} imo
[14:51] {nemo} and I'm a bunny
[14:51] {nemo} an alcoholic bunny
[14:51] {nemo} oh no
[14:51] {nemo} I'm a drunk
[14:51] {nemo} alcohoholics go to meetings
[14:53] {thomcbell} lol!
[14:54] {nemo}
[14:54] {nemo} mmmhhh...spy new highs today...ursine sodomy on deck
[14:55] {thomcbell} gld really trying here
[14:56] {nemo} stop in lvs looking a little better
[14:56] {nemo} offering .82
[14:56] {nemo} partial that is
[15:00] {nemo} o.k. keeping original stop
[15:01] {nemo} oh oh, indexes looking weak
[15:03] {nemo} offering more .91
[15:09] {nemo} o.k. we're back over 142, this holds for the day, we check the highs tomorrow
[15:14] {nemo} nflx weak, but not sure where the indexes going
[15:15] {dino} fgp drop
[15:15] {nemo} wow, I think that's the first time I've ever looked at that stock
[15:16] {dino} fgp sm l .10
[15:17] {dino} kar spike
[15:18] {dino} sm s .65
[15:20] {nemo} gmcr bounced at pivot, if you think it's going to drop the pivot, should go t....dropped
[15:25] {dino} fgp stop -.30
[15:25] {thomcbell} tlt and gld seem to be the decisive moves 
[15:25] {thomcbell} equity reaction looks like noise 
[15:28] {nemo} equity reaction will be part of the interrelationship
[15:29] {nemo} gld has rallied as have equities, but not as much
[15:29] {nemo} that points to, at least a momentary expectation of inflation
[15:30] {nemo} if gld dropped and equities dropped, that points to deflation
[15:33] {dino} fgp sm l .32
[15:33] {Threei} Short Setup: MOS  .60 break
[15:33] {nemo} so GLD, as a % is higher than the indexes, which implies higher inflation expectations
[15:34] {nemo} oooohhhh....MOS two way
[15:34] {nemo} small long .72
[15:35] {Threei}  needless to say, invalidated
[15:35] {nemo} you invalidated me?
[15:35] {Will49} lol
[15:39] {nemo} stop to .74
[15:40] {nemo} finally, partialed .82
[15:43] {nemo} To think how many times I've heard: "But you're not validating my feelings..."
[15:45] {nemo} exiting MOS, don't like the indexes
[15:45] {dino} stpfgp again
[15:46] {nemo} huh?
[15:46] {nemo} do you mean STFU! nemo?
[15:46] {nemo} wow...
[15:46] {nemo} now dino isn't validating me
[15:46] {nemo} sniff
[15:46] {nemo} sniff
[15:47] {Threei}  give me 2x4 someone, nemo needs urgent validation
06[15:47] * nemo SIG on desk
06[15:48] * nemo racking slide
06[15:48] * nemo chambers .45 glaser
[15:48] {RonS} sheesh like ese yesterday, nemo talking to himself...
[15:49] {dptl} lol
[15:49] {dino} last try l fgp .00
[15:49] {RonS} guess bunny not around to converse...
[15:49] {nemo} indexes forming bull flags
[15:49] {nemo} bunny under the bed
[15:51] {dino} out fgp .12, +.12
[15:52] {dolores} fgp downgraded to sell but volume not taht great
[15:52] {nemo} Ron...send me a picture of yourself...I want to make a target out of it
[15:52] {dptl} gn all
[15:52] {dino} cya dp
[15:52] {scottie} dp
[15:53] {Threei}  thank you all
[15:53] {Threei}  have a good evening, see you tomorrow
[15:53] {Will49} L8TER
[15:53] {scottie} gn
[15:54] {dolores} bye guys take care seeyou tomorrow
[15:54] {dolores} thxs VAD