Session Time: Wed Apr 10 00:00:00 2013
[09:10] {dino} gm
[09:10] {nemo} don't do that to me, dino
01[09:10] {Threei} dino :)
[09:10] {Les} GOOOOOOOOOOOOOOOOOOOOOOOOD MOOOOOOOOOOOOOOOOOOOOORNIIIIIIIIIIIIIIIIIING
[09:10] {dino} ?
[09:10] {Les} someone drink too much hey?
[09:11] {nemo} define "too much"?
01[09:11] {Threei} hmmm
[09:11] {Les} 3 glasses
01[09:11] {Threei} asylum is open
[09:11] {nemo} one of life's unanswerable questions
[09:11] {Les} philosophers café vad
[09:11] {nemo} rate's right up there with, "Why was Les born..."
[09:12] {Les} bwaaahahaahahahaaaa
[09:12] {Les} why is the night black....
[09:12] {nemo} Wonder if the gods are gonna' make me do another rotation in this hell-hole
[09:14] {Les} silverlight u suck
[09:15] {nemo} make sure you have the latest upgrade to silverlight...have to uninstall the old one first
01[09:15] {Threei} {Silverlight} I know... all goldbugs say so
[09:15] {Les} sigh
[09:15] {Les} that's gotta be the worse I've heard this week
[09:21] {jdetente} gm
[09:21] {thomcbell} bbry looks squeezable thru 15 today
[09:21] {Will49} gm
01[09:21] {Threei} jd, tbell, will :)
01[09:21] {Threei} *(US) MINUTES OF THE MAR 20 FOMC MEETING: 1 MEMBER THINKS TAPER SHOULD BEGIN IMMEDIATELY, A FEW WANT QE TO END OR BE REDUCED BEFORE LONG; A FEW THINK PURCHASES SHOULD CONTINUE AT CURRENT PACE UNTIL LATE IN THE YEAR
[09:22] {cipher} gm
01[09:23] {Threei} cipher :)
[09:23] {Alexs} good morning
01[09:23] {Threei} alex :)
[09:26] {backman} gm
01[09:26] {Threei} bman :)
[09:26] {Les} opening hit on SLW .50 if holding .60?
01[09:29] {Threei} SLW needs a few minutes after open for the spread to tioghten
[09:31] {thomcbell} wow slw
[09:31] {Les} lol just got back from the kitchen
[09:31] {nemo} new spy highs
01[09:32] {Threei} Long Setup: LVS .30 break hl
01[09:33] {Threei} If holds .20
[09:33] {nemo} wow, that's a spread for LVS
[09:33] {Les} nice spread
01[09:34] {Threei} that's why hl
[09:34] {cipher} FAST L .99
[09:34] {cipher} out .24 +.25
[09:34] {thomcbell} kors bizarre drop
01[09:35] {Threei} SPY S&P 500 sets fresh all-time high above 1,576.09 (Oct 2007)
01[09:36] {Threei} Short Setup: GDX .70 break
01[09:36] {Threei} If holds .80
[09:38] {dino} titn gap around 20.30 november
01[09:40] {Threei} no go lvs
01[09:41] {Threei} trail GDX to .76
01[09:42] {Threei} GDX 1:1
01[09:43] {Threei} 1:2
01[09:44] {Threei} 1:3, out
[09:44] {Will49} nice Vad
01[09:45] {Threei} about time
[09:45] {cipher} expd s .50
01[09:45] {Threei} gross misbehavior by GDX yesterday
01[09:45] {Threei} atoning for it this morning
[09:45] {Les} how dare people buy the miners...
[09:45] {thomcbell} hah
[09:46] {cipher} cov EXPD .42
01[09:46] {Threei} Long Setup: GDX .50 break
01[09:46] {Threei} If holds .40
[09:46] {cipher} EXPD L .17
[09:48] {cipher} EXPD=FAST
[09:48] {thomcbell} long setup dnkn 39.02 break if holding 38.86 - half lot
01[09:48] {Threei} nope, not ready yet
01[09:49] {Threei} Long Setup: BBRY .65 break
01[09:49] {Threei} If holds .55
[09:51] {Les} DT spy?
[09:51] {Les} don't wanna sell it at the ATH though
01[09:51] {Threei} don't see it
[09:51] {Les} k
[09:52] {cipher} out FAST .44 +.27
[09:55] {ese} do do do do.........just a playin away....forgettin to sign in........L mnkd .27
[09:56] {thomcbell} kors small long 54.10
[09:56] {ese} I really think his handle should be c3po
[09:56] {Les} GDX strengthening
[09:56] {ese} forget the c8 stuff
01[09:57] {Threei} BBRY stop to .59
01[09:58] {Threei} half out
01[09:58] {Threei} it's so hesitant near 1:1, let's respect the hesitation
01[09:58] {Threei} stop to .64
[09:59] {dino} back in hour or so, just sold a flip, sign papers
01[09:59] {Threei} congratulations
[09:59] {dino} :)
01[10:00] {Threei} (US) Senate Minority leader McConnell (R-KY): Wondering if Obama wants to 'blow up the budget process'; Obama budget is 'not a serious plan'
[10:00] {Les} real estate? GJ
[10:00] {dino} house
01[10:00] {Threei} dino applies scalping skills to RE, Les
[10:00] {Les} lol that how you coin it hey?
[10:00] {dino} just doing my job
[10:01] {Les} I know it ain't all bad news in that market over yer way
[10:01] {dino} i buy foreclosures, 2 or 3 a year, fix and flip
[10:02] {Les} cover last GDX .32
[10:02] {nemo} spy will likely test 158
[10:02] {Les} good use of yer gains I'm guessing
[10:03] {Les} GDX 61.8% fib retrace support here of entire 2009/12 rally
[10:03] {thomcbell} out kors 54.70
[10:05] {Will49} nice
[10:05] {cipher} CLMT L .76
[10:05] {Les} BBY squeeze finished
[10:06] {Les} will be looking to short it at resistance of here at S3
[10:06] {Les} vwap resistance or s3 .60
01[10:07] {Threei} Short Setup: CAT .10 break
01[10:07] {Threei} If holds .20
[10:08] {cipher} OPEN L .67
[10:08] {ese} out mnkd .33 +/- .00
[10:09] {nemo} shit...rum bottle empty
[10:09] {jdetente} switch to bourbon
[10:09] {nemo} don't have any
[10:09] {jdetente} gin?
[10:09] {nemo} mmmhhhh....rubbing alcohol?
01[10:09] {Threei} you came unprepared?
[10:09] {Les} yer fathers pills dude
[10:09] {Les} speaking of which, how is he?
[10:12] {cipher} out OPEN .89 +.21
[10:12] {nemo} eye is better, early appointment tomorrow
[10:13] {Les} cool
[10:13] {Will49} CAT still valid?
01[10:14] {Threei} yes, just keep it to hl
[10:14] {Will49} tks
[10:14] {cipher} out CLMT .01 +.25
[10:15] {Les} JPM at R3 and hesitating, but watching for consolidation and next lift off. C 45 is tempting target
[10:16] {Les} try and get long a bankster squeeze day if it is one
01[10:17] {Threei} GDX is still sliding
01[10:17] {Threei} wow
01[10:21] {Threei} 1:1
01[10:21] {Threei} if I wanted to suffer long and deep, was gl utton for punishment lasting for years... I'd become a goldbug
[10:22] {nemo} or get married
01[10:22] {Threei} that I did
[10:22] {Will49} lol
[10:22] {Les} BBRY back to previous low. short .55?
01[10:22] {Threei} inverted C&H
01[10:23] {Threei} I like
[10:23] {Will49} imagine the pain of being married, a goldbug and living in Switzerland
01[10:23] {Threei} lol
01[10:23] {Threei} in the winter
[10:23] {Les} still winter here
[10:23] {Les} can't borrow
01[10:23] {Threei} and les can't even answer, busy shorting BBRY
[10:23] {nemo} I think I feel worse for Les' wife
[10:24] {Les} don't need to Nemo, she knows what she must suffer now until death or diverce does us apart
01[10:24] {Threei} or she might poison you
[10:25] {Les} or herself. Drinks like a fish
[10:25] {nemo} well...
[10:25] {nemo} that's just too easy
01[10:25] {Threei} hemlock works, as Socrates found out
[10:25] {Les} try keeping it to yourself, that might be moreof a challenge :P
[10:25] {nemo} I think I'd prefer drawn and quartered
[10:33] {thomcbell} looking for a long setup on kors Vad style
[10:34] {thomcbell} 54.38 break if holding 54.20 half lot
[10:40] {thomcbell} kors switching to full lot if holding 54.30
[10:42] {thomcbell} kors invalid
01[10:43] {Threei} Long Setup: C 45 break
01[10:43] {Threei} If holds .90
01[10:44] {Threei} 1:1 in a blink of eye and with huge volume spike
[10:50] {Les} damn missed bby
[10:54] {thomcbell} im still going to keep eye on kors 54.38 long break - weird action
[10:55] {thomcbell} and it wont be a scalp for me
01[10:57] {Threei} 1:2
01[11:00] {Threei} (SI) Slovenia Banking Association Chief: Govt has been too slow to clean up the banking sector, expects one state owned bank to be sold but unclear at what point in time
[11:01] {thomcbell} kors pop
01[11:01] {Threei} guess who is on TV
01[11:02] {Threei} long tome no limelight
[11:02] {Les} santa claus
01[11:02] {Threei} you wish
01[11:02] {Threei} (US) President Obama: Budget today is a blueprint for jobs and growth; makes targeted investments to create jobs immediately
01[11:02] {Threei} uhhu
01[11:03] {Threei} blueprint for govt growth and taxpayer-financed jovs
01[11:03] {Threei} jobs
[11:03] {thomcbell} got 0.20 cents on krs so far - i am looking for near $55
01[11:03] {Threei} wtg
[11:04] {cc_9} When we start counting food/energy into the cpi and the real job #s (not marginalizing those who gave up), then we talk about the economy. Right now its just silly.
[11:06] {thomcbell} kors + 0.40
[11:06] {Will49} nice thom
[11:06] {cipher} wtg
[11:06] {dino} .
[11:06] {thomcbell} tu
01[11:07] {Threei} but cc_9... then we might have to face that thing called reality... whno wants that
[11:08] {cipher} KORS S .87
[11:10] {cipher} cov .77
[11:10] {thomcbell} out 1/3 kors 54.82
[11:11] {thomcbell} out 2nd 1/3 54.86 - kors
[11:12] {thomcbell} flat kors - 54.73
[11:16] {Will49} out C tks Vad
01[11:17] {Threei} :)
[11:20] {thomcbell} vad high volume spinning top on 15 min spy
01[11:21] {Threei} I wouldn't expect a drop... rather a stall
[11:21] {thomcbell} cipher thanks for that short entry on kors - helped me sell the position well
[11:22] {cipher} np
[11:23] {nemo} PRU under .80 looks good
[11:25] {nemo} volume spiked
[11:25] {thomcbell} prlb had a huge move today and now all the way to huge round number
[11:25] {thomcbell} good spot for a long pattern failure
[11:27] {thomcbell} kors 55
[11:27] {thomcbell} hehe
[11:27] {Les} BBRY back to lows
[11:27] {nemo} GDX might be a good short here against 35
[11:28] {thomcbell} oh vad look at that on prlb
01[11:29] {Threei} I don't want to
01[11:32] {Threei} ok... I looked anyway
[11:33] {nemo} clf probably a short here
[11:37] {nemo} nope
01[11:37] {Threei} - The FOMC minutes were released early this morning at 09:00ET, instead of 14:00ET, after the accidental disclosure of the information yesterday afternoon. The minutes themselves exposed the lively debate over the right time to begin winding down Fed asset purchases. All but a few officials agreed that the program should continue until at least midyear. Some said buying should taper down around midyear, others felt buying should continue through September before tapering, and a few wanted buying to continue at its current pace into 2014.
[11:37] {cc_8} Among the companies with shares expected to actively trade in Wednesday’s session are Health Management Associates Inc. (HMA), Family Dollar Stores Inc. (FDO) and Adtran Inc. (ADTN).
01[11:48] {Threei} 68% View Margaret Thatcher Favorably
01[11:49] {Threei} you wouldn't say that seeing lefties dancing on her grave
[11:50] {dino} she saved the uk imo
01[12:06] {Threei} grrr... PRLB... tbell, why would you do that to me, now I can't stop watching it
[12:15] {cipher} RGLD L .72
[12:16] {thomcbell} prlb crazy crazy move
01[12:16] {Threei} Short Setup: GDX .90 break
01[12:17] {Threei} you'll never let me live that down tbell, will ya? :)
[12:18] {thomcbell} i dont remember
01[12:27] {Threei} die softly, GDX
[12:27] {Will49} no...diehard
[12:27] {Les} no I have preference for quick and horrible myself
01[12:27] {Threei} or that
01[12:27] {Threei} I won't mind
01[12:31] {Threei} good boy GDX
01[12:31] {Threei} die more
01[12:31] {Threei} and faster
[12:34] {cipher} RGLD stopped -.16
01[12:34] {Threei} 1:1
01[12:34] {Threei} GDX dies harder and faster
[12:35] {Will49} yeah man
[12:35] {dino} another slow day
[12:35] {Les} sounds like a repeat
[12:35] {Will49} you win Vad
01[12:35] {Threei} of course I do
01[12:35] {Threei} I am never wrong
01[12:35] {Threei} Once I thought I was wrong,
01[12:35] {Threei} but I was wrong about that
[12:36] {Will49} LOL
01[12:36] {Threei} I also was wrong saying that I was wrong... I should have said mistaken
01[12:36] {Threei} 1:2
[12:40] {nemo} http://bit.ly/12IpgP4 time to go long gold
[12:42] {nemo} this should be the top
[12:45] {Les} testing top of channel
[12:45] {thomcbell} kors -
[12:45] {nemo} MR1 WR2 dead ahead, let's hope we get TITANIC action
[12:45] {cipher} GLD L .79
[12:47] {nemo} all european markets basically closed on their highs
01[12:49] {Threei} I am not sure why GS advertises their action so openly this time, but I generally agree with their call
01[12:49] {Threei} more than that, I see gold going much lower than they say
01[12:50] {Threei} although they also made a reservation for that:
01[12:50] {Threei} �In fact, should our expectation for lower gold prices continue to prove correct, the fall in prices could end up being faster and larger than our forecast,� they said.
[12:50] {thomcbell} LOKS LIKE 1150
[12:51] {Les} clean em out. All the believers following Sprott, Rodgers and the others
01[12:51] {Threei} gold bug writers lead people to slaughter, IMO
01[12:52] {Threei} just as they did with oil
[12:52] {Les} oil?
[12:52] {Les} when?
01[12:52] {Threei} drop from 150 to 40
[12:53] {cc_9} Anyone trading SRPT today ?
[12:53] {cc_9} Some profit taking fro that ramp yesterday
01[12:53] {Threei} not me
01[12:54] {Threei} wake up Les... you are not THAT young not to remember the great oil pump and dump
[12:55] {Les} don't rmember the particulars
01[12:55] {Threei} gimme a sec
[12:55] {nemo} his age has nothing to do with it Vad
[12:55] {Les} was just beginning to pick up the first pieces off of Cara at the time
01[12:57] {Threei} A similar story arose in the oil price explosion with price reaching $150 in the summer of 2008 only to drop back to under $40 � all the while experts predicted it going higher and higher.
01[12:58] {Threei} A Taoist Trader, pg 148
01[12:58] {Threei} now, pg 181 for some details
01[12:59] {Threei} let�s look at the action of a trader who ignores such signs. Convinced that favorable price action will continue, he ignores the first signs of a problem. To help visualize such a situation, let�s recall a very recent example � peak of the oil prices in the summer of 2008 at $147.27. All kinds of prognoses for the trend to continue were made everywhere with price targets at $200, $300 etc.
01[12:59] {Threei} Price however started declining. By itself, it wouldn�t be a reason to exit the trade � no trend goes in a straight line without pullbacks. However, a series of lower highs and lower lows made against the backdrop of calls for a further run-up was a strong warning sign.
01[12:59] {Threei} This is where that extremely damaging emotional cycle started developing for those who ignored early signs of troubles. While the retreat from the high was relatively small (about $22 over first two weeks), it was easy to ignore. In a month, it dropped to $112 - $35 decline.
01[13:00] {Threei} Such cut in profits was harder to accept, and many traders started convincing themselves that they had to sit it out, rationalizing their decision by all kinds of fundamental explanations for the inevitable and imminent price rise. In about two months, the price broke below $100.
01[13:00] {Threei} Vicious destruction of hopes and trading accounts continued for a few months more, taking the price under $40 (!) before a rebound finally started. Curiously enough (although not at all unpredictable), as the price declined that much, negative predictions became overwhelming, calling for even lower prices and causing desperate holders to bail out � close to eventual bottom, of course.
01[13:00] {Threei} end
[13:00] {Les} C flagging for breakout beyond .10?
[13:01] {Les} will look that chapter up again
[13:02] {ese} Ok.......certainly not contributing much on the board........I'm Denmark bound....am gonna try to log on while i'm over there to watch you all become filthy stinking rich.......in the meantime take care cya in a week.......Les!!! get the coffee on
01[13:02] {Threei} have a safe trip ese
[13:02] {Les} cheers ese
[13:02] {ese} tks vad les
01[13:02] {Threei} while you are there, try to find out whether it's as rotten as Shakespeare thought
[13:03] {dino} cya ese
[13:03] {nemo} it will be when he gets there
[13:04] {nemo} o.k.
[13:04] {nemo} top
[13:06] {Les} JPM ain't showing the love
[13:07] {Les} C 45 short?
01[13:08] {Threei} hl... not too sure
[13:09] {Les} vwap .10 lower. will let it go and watch
[13:17] {Les} slw .50 short?
[13:19] {Les} sm s .48
[13:20] {thomcbell} KORS WANTS GREEN
[13:27] {Will49} good call thom
01[13:29] {Threei} you know, I don't think he called it.. it rather sounded like he told CORS
01[13:29] {Threei} "you want green, got it??"
[13:29] {Will49} yes...looks like an order doesn't it?
01[13:29] {Threei} KORS said yes sir
01[13:29] {Threei} I do sir
01[13:29] {Threei} how high sir?
[13:32] {Les} C trying for HoD again
[13:32] {Les} half slw covereed .40
01[13:33] {Threei} SLW 1:1
01[13:33] {Threei} nice and easy day
01[13:33] {Threei} woever thought of throwing a stone at me yesterday, should have done that... told you, it was not going to be a long-standing opportunity
[13:34] {Will49} yea, I'm at 5 wins in a row, first time i think
01[13:34] {Threei} got one funny e-mail yesteday, let me find it
01[13:36] {Threei} I am a regular at your trading log, and I was glad to see a losing day you posted yesterday. Don't get me wrong, I don't enjoy someone ele's losses, but your consistent winning made me feel depressed a little. Glad to see you are a human too.
01[13:36] {Threei} I answered:
[13:37] {Will49} sihn up
[13:37] {Will49} sign
01[13:37] {Threei} I am not, but I have to pretend, lest they chase me off thia planet which I find full of bacon and generally enjoyable.
[13:40] {Les} lotta pushing and pulling in the silver futures pit today
[13:41] {Les} doubt he got the joke vad
01[13:41] {Threei} come on... it's not that thickly veiled :)
[13:42] {Les} given his depression vis a vis your winning, I'm guessing his outlook on life is tainted
[13:42] {Les} your response makes me think of Monty Python
01[13:43] {Threei} I think his depression refernce was half-joke
[13:44] {Les} oh
[13:44] {Les} were you the messiah in previous life?
[13:44] {Les} http://www.youtube.com/watch?v=8EI7p2p1QJI
01[13:44] {Threei} those who are really depressed by PMs and miners pounding and irriated by my write-ups, don't generally read my logs... they stew in their own juices
01[13:48] {Threei} I like that Shwarzenegger spoof more
01[13:48] {Threei} can't find it on the fly
01[13:49] {Threei} where he was saving JC
[13:49] {Les} hehehe
[13:49] {Les} got it on FB
01[13:49] {Threei} post a link
01[13:49] {Threei} that was the funniest thing ever
[13:49] {Les} gold miners running
01[13:50] {Threei} (US) Preview: Mar Monthly Budget Statement due out at 14:00ET**Consensus expectation: -$107.0Be v -$198.2B year ago March - Feb budget deficit at -$203.5B was widest deficit since Feb 2012.
[13:51] {thomcbell} long setup slw 28.40 break
[13:51] {thomcbell} if holding 28.30 for a chop?
01[13:52] {Threei} I am not very ethuisatic, tbell
01[13:52] {Threei} feels like spitting in the wind to me
[13:53] {thomcbell} y
01[13:53] {Threei} no clear signs of trend change
01[13:53] {Threei} GDX does show signs of reversal, but SLW is weaker
[14:03] {Les} http://www.youtube.com/watch?v=l-J1AHjm0v0
01[14:03] {Threei} this is it, thanks :)
[14:11] {Les} 2H SLW stop
[14:20] {cc_9} This market knows no gravity.
01[14:23] {Threei} haven't you heard? gravity has been abolished by Fed
01[14:23] {Threei} come on man, get with the program
[14:23] {Les} temporarily suspended
[14:33] {Les} once again surprised by today's action. Ignored C .20/.25 setup. Market struggling
01[14:36] {Threei} why suprised?
[14:37] {Les} wary of squeeze as new HoD was being tested. Price collapsed bit too easily.
[14:37] {Les} or eager longs were just given a good rinsing can't tell
01[14:39] {Threei} I guess I do very little assuming or expectatikon... thus not getting surprised easily
[14:41] {Les} C squeezed me a few sessions earlier so just wary at this point
[14:41] {cc_9} Fed borrows @ 0%
[14:42] {cc_9} banks borrow at o %
[14:42] {cc_9} fed prints 85B a month
[14:42] {cc_9} treasury at near 0%
[14:42] {cc_9} fed balance sheet exceeds 3T
01[14:42] {Threei} going somewhere with that? :)
[14:42] {cc_9} markets move on rumors and announcements
[14:42] {cc_9} money can evaporate a la corzine
[14:42] {cc_9} stock market and not called Casino
[14:43] {cc_9} I am not sure what is what anymore.
01[14:43] {Threei} no one is
[14:43] {cc_9} :(
01[14:43] {Threei} thus taking it one day at a time... stocking ammos and whiskey
[14:43] {dino} news doesn't matter, it's the reaction that counts
[14:44] {nemo} iwm new highs wtf
[14:44] {cc_9} From my cold drunken hands.
[14:44] {Les} I have had years of difficulty grappling with these fundies and the market. Dumping the fundies has helped greatly
01[14:44] {Threei} here is an angle that will help grasp what's happening
[14:45] {nemo} thanks for the reminder cc
01[14:45] {Threei} this is not about market fundamentals, or technicals, and not even about market at all,
01[14:45] {Threei} this also not about monetary policies,
01[14:45] {Threei} all this stuff is derivative.
01[14:46] {Threei} What it really is about is desintegration of the fabric of scoeity
01[14:46] {Threei} society too
[14:46] {nemo} plenty of 5.56 on hand
01[14:46] {Threei} You guys lived for too long in too stable society, it's hard for you to imagine its collapse
01[14:47] {Threei} For those who lived through Soviet empire annihilation is much easier to envision
[14:47] {cc_9} People need to forget the term Debt, the US does not need to pay its debts, and it won't ever pay its debts.
[14:47] {cc_9} What you said is correct, its not about the markets, that is only the surface, the iceberg is much bigger under the water.
01[14:47] {Threei} well, no paying it is a form of collapse, because funding will disappear
01[14:48] {Threei} music plays while someone buys bonds
[14:48] {cc_9} Funding will not disapear, China, Saudi etc...have to keep on buying.
01[14:48] {Threei} oh but it will
[14:48] {dino} problem w/the debt is it takes greater part of budget to support it
[14:48] {cc_9} They have nowhere else to sit their cash in, they are already pot commited, we just keep printing IOUs
01[14:48] {Threei} when no one but Fed remained to do that, money will lose underklying confidence
[14:49] {nemo} things get more interesting when other currencies rise, or fall, as is the case with the euro
[14:49] {Les} ITS THE C WORD!
[14:49] {Les} probably the most intelligent thing Kaimu has ever said
[14:49] {Will49} so...this has been going on for 70 years, why not another 70 years?
[14:49] {cc_9} Our only hope is that bitcoin reaches $1,000 per btc lol.
01[14:49] {Threei} nothing lasts forever... but yes, Euro collapse will help
[14:49] {dino} cc9, w/respect, look at greece, etc. sure you can print but rates become prohibitive
[14:49] {nemo} Les judging intelligence...the Rapture is at hand
01[14:50] {Threei} as USD will remain the skinniest girl in a fat camp
[14:50] {nemo} with a gag reflex
[14:50] {cc_9} dino, I do agree, but the US is at the top of the scheme, the rest is fully aware that the game must go on.
[14:50] {dino} and bitcoin will be made illegal as soon as govt sees it working to y-pass taxes
01[14:50] {Threei} this is very true
[14:50] {cc_9} They will keep pumping oil, they will keep using its proceeds to buy toxic debt
01[14:50] {Threei} but it's about the last chair...
[14:50] {cc_9} Yes
01[14:51] {Threei} the music WILL stop
[14:51] {nemo} Gawd I want to short this, but so does everybody else
01[14:51] {Threei} don't
01[14:51] {Threei} this bubble is far from bursting
[14:51] {Les} and then WHAT? that's what scares me
[14:51] {Les} once the music stops..
[14:52] {cc_9} nemo, I know people who went belly up shorting the markets since 2009, starting a new cycle every 6 months.
01[14:52] {Threei} oh come on
[14:52] {nemo} they make me dictator
[14:52] {cc_9} Never under estimate the power of easy printing.
01[14:52] {Threei} look at USSR
[14:52] {nemo} run by Pahan
01[14:52] {Threei} fell apart, and what? life stopped?
[14:52] {nemo} for many, yes
[14:52] {Les} purchasing power, yes
01[14:52] {Threei} new structures will appear
[14:52] {nemo} lower high spy
[14:53] {Les} 3 min MACD green not touching this
[14:53] {nemo} I'll line up all the liberals...head to head
01[14:53] {Threei} ask average Russian whether they want to go back to USSR times
01[14:53] {Threei} average, not the 70 years old who never saw anything different and couldn't adjust to new life
[14:54] {nemo} but now it's a feudal system there...the lords and the serfs
[14:54] {cc_9} i know for a fact Deripaska does not want to go back.
01[14:54] {Threei} lol
[14:54] {nemo} Captain in the FSB makes $1200 month
[14:54] {nemo} live off that in Moscow
[14:54] {nemo} GFL
01[14:55] {Threei} he adds in bribes
[14:55] {nemo} I don't know, this one works for Pahan
01[14:55] {Threei} then he gets a lot of perks
[14:55] {nemo} nah Tzarina a bit on cheap side
[14:57] {Les} great, so I need to become state paid thug to get on in new life
[14:57] {nemo} well, you got the knuckle dragging part down
[14:57] {Les} not everyone is like Nemo... sadistic
[14:57] {nemo} at least I'm artistic about it
[14:58] {nemo} as I've said, my mission in life is to help souls transition
[14:58] {nemo} to the next one
[14:58] {Will49} and humble too, nemo
[14:58] {nemo} facts are facts
[14:59] {Will49} sometimes facts seem like opinion
[14:59] {nemo} could you be more specific?
[14:59] {Will49} no i'm a generalist
[15:00] {nemo} ahhh...
[15:00] {Les} a liberal Nemo. line him up with the rest
[15:00] {Will49} liberal? if you only knew!
[15:00] {nemo} excuuuuseee me!!!!
[15:01] {nemo} I'm quite liberal, have I ever commented negatively on interspecies marriages...I mean your wife married you...
[15:02] {Will49} you talkin' to me...you talkin to me???
[15:02] {backman} said to a guy "take my wife, please"....he replied "been there....done that"
[15:02] {nemo} when is a lower high, not really a lower high
[15:02] {Will49} Henny Youngman joke
[15:02] {nemo} love Travis
[15:02] {Will49} take my wife, please!
[15:03] {backman} :=)....but my tag line is orig
[15:03] {Will49} OK
[15:03] {Will49} betcha half the guys here had to google Henny Youngman
[15:03] {nemo} not really, that's just a corrollary to "Hey bud, got any naked pictures of your wife?" Well, no...."Want any?"
[15:04] {Will49} LOL
[15:04] {backman} what's Google, sonny?
[15:04] {Will49} :)
[15:04] {Will49} just trying to keep you guys grounded in the past
[15:07] {Will49} given that some of you think the world is going to end
01[15:07] {Threei} world, no
[15:07] {nemo} humanity....hopefully
[15:07] {Will49} fidure of speech
[15:07] {Will49} figure
01[15:07] {Threei} overextended system or parts of it, sure
[15:07] {nemo} Malthusian economics
[15:09] {Will49} had to google that
[15:10] {nemo} short busser there Will?
[15:10] {Will49} kind of like him
[15:10] {nemo} I'm more of a Torquemada kinda' dude
[15:11] {Will49} you're way over my head nemo:)
[15:11] {Will49} i'm just a simple guy
[15:11] {nemo} at 5'6" that's unlikely
01[15:11] {Threei} Torquemada... now, here is a name I haven't heard in decades
[15:12] {Will49} i only have a hundred words in my vocabulary and that aint one of them
01[15:12] {Threei} nemo, with all his warts and rough skin, is well educated {G}
[15:13] {Will49} so it seems
[15:13] {nemo} I think of it as knowing alot of useless shit
[15:13] {Les} SLW returning to LoD
01[15:13] {Threei} Spanish inquisitor, famous for rare combination of incredible cruelty and very soft gentle behavior, which made hsi victims especially frightened
[15:13] {nemo} O.K. I won't short this...I'll just drink
[15:14] {Les} c 45 short?
[15:15] {Will49} come on Les, where are your priorities, we're chatting here!
01[15:15] {Threei} yes
[15:15] {nemo} careful though FAS almost already at support and vwap
[15:15] {nemo} as is C
[15:16] {nemo} oh, bunny just came out from her daytime hiatus
[15:17] {nemo} Hey Will, wait 'til the blogpost on Sunday, I really go academic then...
[15:18] {Will49} I'll be waiting with bated breath
[15:18] {nemo} I'll be nice
01[15:18] {Threei} hah
01[15:18] {Threei} that I want to see
[15:19] {Les} u are forbidden to mention my handle
01[15:19] {Threei} nice nemo is like non-printing Bernanke or non-spending Obama
01[15:19] {Threei} oxymoron
[15:19] {Will49} gawd how boring
[15:19] {nemo} don't worry Les, I wouldn't want to sully this week's contents with a reference to you
[15:21] {thomcbell} lvs looks like a sneaky long setup here
[15:21] {Les} short slw .30?
[15:22] {Les} a little quick into support
01[15:22] {Threei} not here
01[15:22] {Threei} around .40 it was more or less a setup
[15:22] {nemo} finnies bouncing at vwap
[15:23] {backman} surprised GDX not bouncing with this sell off
[15:24] {nemo} ahhh...we're bouncing
[15:38] {nemo} oh jeez, hold on
[15:43] {thomcbell} this prlb is incredible -
[15:43] {thomcbell} was 44 briefly on friday
[15:52] {nemo} SPY so far has the WR2 as the ceiling
01[15:55] {Threei} 5.5 eartquake in Honduras
01[15:55] {Threei} anyone os bothered by it?
[15:55] {Les} yeh
[15:55] {Will49} didn't feel a thing
[15:55] {Les} I'm ignorant as to the location of the Honduras
[15:55] {dino} calling it a day. gn all
[15:55] {nemo} Central America
01[15:55] {Threei} well... it's one of those things that won't bother you unless you astart scratching it
01[15:56] {Threei} thank you all, have a great evening
[15:56] {Les} cheers
[15:56] {backman} tu...nite
01[15:56] {Threei} see you tomorrow
[15:56] {Will49} cheers
[15:56] {nemo} nanananananananananannananana BACKMAN!!!
[15:56] {Will49} great day Vad
01[15:56] {Threei} :)
