Very nice end to the week. To end it, if you haven't checked out new resource for swing traders, use this weekend to do so: http://www.realitytrader.com/swingtrader.html
Session Time: Fri May 10 00:00:00 2013
[08:38] {KSystems} morning
01[08:39] {Threei} hey KS
[08:57] {dino} gm
01[08:57] {Threei} dino :)
[09:03] {stevw} g'mornin
01[09:03] {Threei} stev :)
[09:04] {stevw} after yesterday's chatter, guess what i saw driving down the street ... a Tesla
[09:04] {stevw} didn't really expect to see one outside of California
01[09:05] {Threei} well... there are people with too much money everywhere :)
[09:05] {stevw} indeed
[09:06] {stevw} but, i like it that they spend their too much money on things that push the envelope
01[09:06] {Threei} as long as taxpayer money is not involved in developing those things, it's great... but it's not the case
[09:07] {jdetente} gm
[09:07] {Les} gm
[09:07] {stevw} taxpayer money is involved in everything else automotive, so why not electric cars and the like
01[09:08] {Threei} jd, les :)
01[09:08] {Threei} well, it shouldn't be...
01[09:08] {Threei} but in case of electric car it's twice as outrageous
01[09:08] {Threei} since the final product addreesses rich segment of population
[09:10] {stevw} i like to be optimistic that the ultimate result will be an affordable alternative, just like the first cars originally were
[09:11] {stevw} i'm not saying i think an all-electric car is the future ... just that the future will be discovered by exploring the possibilities
01[09:12] {Threei} I don't think original cars were subsidized by taxpayer :)
01[09:12] {Threei} let the busdoness do what business does
[09:12] {stevw} no, but they were playthings of the rich
01[09:12] {Threei} create product and compete
01[09:12] {Threei} when goverment starts throwing money at things, it distorts the market
01[09:13] {Threei} and winner product is not necessary what market wants
01[09:13] {Threei} but what ideology of the day dictates
01[09:13] {Threei} then we have chevy volt
01[09:14] {Threei} car moved from being toy for the rich to manistream product exactly because business and market worked as they should
[09:14] {stevw} i share your concerns about government distortion of proper market, but i do believe there are certain important step-changes that will only occur with early support
[09:15] {stevw} don't forget that governments built the roads for those cars to drive on and allowed the oil industry to pillage the ground to fuel them
01[09:16] {Threei} could be, and in good times I would be less inclined to rant against it... but when we have what we have now?
[09:16] {stevw} just sharing some thoughts/arguments - i don't have the magic answer
[09:17] {dino} "pillage the ground", you a greenie stevw?
[09:17] {stevw} yup
[09:17] {dino} impression i got.
[09:18] {stevw} i don't walk around naked, living in a hole in the ground eating leaves; but i do try to think sustainably
[09:19] {nemo} pheeewwwwww...I missed it....
01[09:20] {Threei} no worry nemo, I will copy it all and send to you
01[09:20] {Threei} dcc to you
[09:20] {stevw} indeed ... time to move on
01[09:20] {Threei} skype to you
01[09:20] {Threei} generally make sure you have every word
[09:20] {RonS} Krugman: Stop Hating on the Bearded Clam...solution...hate two bearded clams...gm
01[09:20] {Threei} lol
01[09:20] {Threei} morning ron
[09:21] {stevw} should see some action in GDX this morning
[09:21] {cipher} gm
01[09:21] {Threei} that's my first magnet
01[09:21] {Threei} cipher :)
[09:21] {stevw} and SLW reports today
01[09:21] {Threei} why is SPY still green I wonder
01[09:22] {Threei} most everything is red
[09:22] {ese} morning............
[09:23] {dino} dia qqq green
01[09:23] {Threei} ese :)
[09:24] {dptl} gm
[09:24] {ese} green again...........gonna be a pullback one of these days
[09:25] {ese} dddddddddddddpppppppppppppppp
01[09:25] {Threei} dp :)
01[09:25] {Threei} http://www.pritchettcartoons.com/bear_c.htm
[09:25] {ese} imagine shiskabob dp........
[09:26] {ese} thats a good one vad
01[09:26] {Threei} ese, look dcc pls
[09:28] {dptl} ese :)
01[09:32] {Threei} Long Setup: C .65 break
01[09:32] {Threei} If holds .55
[09:32] {ese} L snts .24
[09:34] {ese} out snts .44 +.20
01[09:35] {Threei} 1:1
01[09:35] {Threei} please don't be a scalp
01[09:36] {Threei} sigh
01[09:40] {Threei} Short Setup: GDX .95 break
01[09:40] {Threei} If holds .05
[09:41] {dino} z sm l .38 ave
01[09:45] {Threei} Long Setup: CAT .10 break hl
01[09:45] {Threei} If holds 89
[09:46] {thomcbell} ddd looks like a long break 41.50 but it would have to be small shares because of size of the pattern
01[09:46] {Threei} 1:1
01[09:46] {Threei} 1:2
[09:46] {ese} L apo
[09:47] {dino} ntwk sm l .68
01[09:47] {Threei} no go GDX
01[09:50] {Threei} CAT, same setup again
01[09:50] {Threei} take 2
[09:51] {ese} L apo some more avg .78
[09:51] {dino} watching ddd tbell, was looking for re-test lod
[09:51] {nemo} frickin' tsla
01[09:51] {Threei} 1:1 again
01[09:52] {Threei} 1:2 again
01[09:53] {Threei} deja vu
[09:53] {Les} that's french ain't it
[09:54] {ese} have a look at apo dino
[09:54] {dino} up imo
[09:55] {thomcbell} ddd made a sale 41.75
[09:55] {ese} ya i'm thinkin
[09:55] {dino} gj
[09:55] {ese} news looks good too
[09:55] {nemo} spy pivot same today as yesterday
[09:55] {ese} good Q may 6 also
[09:56] {ese} we'll see
[09:56] {cipher} exxi l.24
[09:57] {thomcbell} made another sale DDD - 41.85
[09:57] {thomcbell} stop to 41.60
[09:57] {stevw} out CAT at .48, thanks vad
01[09:58] {Threei} :)
[09:59] {thomcbell} out ddd 42
[10:00] {ese} snts....bastard...look at it go
[10:00] {dino} gj tbell
[10:00] {thomcbell} tu
[10:01] {ese} nice one T
[10:01] {cipher} cg l.08
[10:01] {Les} GLD dropping GDX holding
01[10:01] {Threei} (US) Fed's Bernanke: Fed has an extensive program to identify whether asset classes remain within regular ranges or not, spreads are appropriate or not - Q&A
01[10:01] {Threei} - Fed is more and more than ever working to identify whether major asset classes are deviating from historical norms or not
[10:01] {nemo} algo has nothing on the short side
[10:02] {Les} GDX should follow GLD
[10:02] {Les} or GLD is rinsing
[10:03] {backman} I forget particulars, but GDX and GLD are different....i thought 1 was cheaper vs of the other
01[10:03] {Threei} Short Setup: SLW .80 break
01[10:03] {Threei} GLD is gold, GDX is gold miners
[10:03] {cipher} ddd s .02
[10:04] {cipher} cov .80
01[10:04] {Threei} - It can be very difficult to determine whether deviations in asset class prices from historical norms are healthy or not healthy, not a simple process at all.
01[10:04] {Threei} - Fed focuses its analysis of these trends on threats to financial stability. The focus is on making sure the overall system is sufficiently robust.
01[10:05] {Threei} good job Ben
01[10:05] {Threei} I mean whining about how difficult your actual job is
[10:06] {ese} out apo .88 +.10
[10:06] {cipher} panl l.13
[10:06] {thomcbell} wac long setup 38.84 break if holding 38.75
[10:06] {ese} with 2500 shs........ummmmmmdis is ok
[10:07] {Les} makes for a nice breakfast ese
[10:07] {ese} yup.......think Danishes
[10:07] {Les} guessing beers are on you tonight :)
01[10:07] {Threei} half out SLW
01[10:08] {Threei} Don't. Be. A. Scalp
[10:08] {ese} snts.........bastard
[10:14] {RonS} .
[10:15] {ese} ne ne yip yip yahoo.......the knights of ne call from monty python
01[10:15] {Threei} oh come on... scalp again
[10:15] {ese} L ne .10
[10:15] {ese} 1/2
[10:15] {cipher} ctsh l.07
[10:16] {ese} sheesh......snts past 20
[10:16] {ese} bastard
[10:17] {Les} h&s GLD
[10:17] {cipher} out ctsh .99 -.06
01[10:17] {Threei} Short Setup: GDX .20 break
[10:18] {ese} ne ne yip yip yahoo!!!!!!!!!!!!!!!!!!
[10:18] {thomcbell} didnt get much wac but a bit over 1:1 here
[10:19] {ese} out ne .28 +.18
[10:19] {jdetente} NE, thanks Ese. out .30
[10:19] {cipher} ibm l.35
[10:19] {ese} awesome jd
[10:19] {nemo} bhi short looks good
[10:20] {ese} you and me buddy.......knights of ne call.......lets hear it now......"NE NE YIP YIP YAHOOOOOOO!!!!!!!!!!"
[10:20] {nemo} needs to stay under .55
[10:20] {thomcbell} 1:3 WAC
01[10:20] {Threei} gold drops like a dress on a prom night
[10:20] {dino} lol ese
01[10:21] {Threei} 1:1
[10:21] {Les} ah the ease of youth...
[10:21] {nemo} give it the knee pads
[10:21] {ese} lol
01[10:21] {Threei} if this one turns to be a scalp, I'll start swearing like a sailor
[10:21] {Les} bidding .02
[10:22] {Les} cool
[10:22] {nemo} rig looks good if it drops .70 staying below .80
01[10:22] {Threei} 1:2
01[10:23] {Threei} no swearing
[10:23] {cipher} +.18 gld thx
01[10:23] {Threei} :)
01[10:23] {Threei} wow
[10:23] {ese} snts......bout time you had a pull back.....................bastard
[10:23] {Les} nice game ci
01[10:23] {Threei} frikin SLW rinsed second half
01[10:24] {Threei} dirty rotten scoundrel
[10:24] {cipher} out panl .47 +.35
[10:26] {nemo} mos, below .20 if under .30
[10:26] {backman} man FB just has no love
01[10:26] {Threei} gosh... I am using it and I hate it
[10:26] {backman} i know, but u post such pretty pictures
01[10:27] {Threei} thank you
01[10:27] {Threei} ok GDX
01[10:27] {Threei} we want 1:3
[10:28] {cipher} gld l.53
[10:30] {cipher} panl l.80
[10:30] {ese} spyders droping like a stone.......whats up there
[10:31] {cipher} out panl .97
[10:31] {Les} http://tinyurl.com/cfcoobt
[10:32] {nemo} lyb short below .95 stop above .05, but could go to .15 too
[10:32] {Les} lot a significant breakouts/downs charted here
[10:32] {jdetente} come on GDX take your last breath
01[10:32] {Threei} 1:3 baby
[10:33] {Les} .91 out ty sir
01[10:33] {Threei} yw
[10:33] {backman} CAt flirting with new low
[10:33] {backman} nvm
[10:33] {nemo} fdx oops toolate
01[10:33] {Threei} (US) PIMCO's Gross: 30 year bull market in bonds likely ended at the end of April - tweet
[10:33] {stevw} ooo, just tuned in to CAT
[10:34] {stevw} not chasing though
[10:35] {Les} aussie $ cutting through 1.00 like butter
[10:36] {nemo} akam looks good to .40ish
[10:36] {nemo} south
[10:38] {thomcbell} cleaning up rest of wac here around 39
[10:38] {cipher} TNA L .50
[10:38] {ese} L apo .90
[10:41] {thomcbell} ddd oof
[10:41] {thomcbell} crazy drop
[10:42] {cipher} DDD L.72
[10:42] {cipher} IBM L.36
[10:45] {cipher} out TNA .69
[10:45] {cipher} out IBM .50
01[10:46] {Threei} ese, dcc again pls
[10:47] {Les} http://armstrongeconomics.com/2013/05/06/beware-the-crazy-weather/
[10:47] {Les} FYI in hurricane territory
[10:47] {cipher} ctsh l.62
[10:48] {cipher} ntwk l.20
[10:50] {cipher} out ddd .90 +.18
01[10:50] {Threei} Short Setup: CAT .90 break hl
01[10:50] {Threei} If holds 89
[10:52] {nemo} fas short here stop above .80
01[10:53] {Threei} 1:1
[10:53] {patel} good Morning
[10:53] {nemo} kneecap
01[10:53] {Threei} patel :)
[10:53] {cipher} CTSH L .48
01[10:53] {Threei} missing a good one
[10:53] {patel} Go ahead let me hear it. How many 1:3 and 1:4 did I miss?
01[10:54] {Threei} well, the only consolation is, no 1:4th :)
01[10:55] {Threei} alex and will are missing good morning too, so you are not alone
01[10:55] {Threei} and I am not even talking about that slacker, cc_8
[10:56] {Les} slw vad
[10:56] {cipher} out rost .59 +.11
[10:56] {Les} short .50?
[10:57] {Les} some consolidation first
01[10:57] {Threei} something to keep on a backburner for now
01[10:58] {Threei} compare GDX and SLW charts
[10:58] {Les} and gld
[10:59] {Les} gdx not quite ready, neither gold.
01[10:59] {Threei} there you go
[11:00] {Les} back to reading livermore
[11:01] {_fish_49} that was a good read
01[11:01] {Threei} always is
01[11:01] {Threei} read it again in a year or two, you'll see a lot of things you haven't seen first time around
[11:02] {Les} CAT gunning for 89
[11:02] {ese} my rhythm and blues band the Midnights have a new website.......vad took the picture for the front page......have a boo www.themidnights.com
01[11:03] {Threei} dp, don't look
[11:03] {dptl} nooooooo :)
[11:03] {nemo} oh...another commie pinko website
01[11:04] {Threei} the rest of ya, can also see a few nice shots at http://www.themidnights.com/the-midnights-gallery.html
01[11:04] {Threei} ese, dcc
[11:04] {Les} you on drums if I remember ese, n'est pas?
[11:04] {Les} FDX wanna run here?
[11:04] {Les} I like the setup
[11:05] {nemo} run where Les?
[11:05] {Les} yeh overhead is close
[11:05] {Les} I like the chart
[11:05] {nemo} what's your target?
[11:05] {Les} not the conditions for it
[11:06] {Les} here's resistance and a scalp
[11:06] {Les} good for more?
[11:06] {nemo} possible
[11:06] {ese} yup thats me Les on drums
[11:08] {Les} couple of oldies including yourself, teachers?
[11:08] {Les} the rest high school kids?
01[11:08] {Threei} Short Setup: BBBY .10 hl
[11:10] {cipher} CALL L.78
[11:11] {dino} call drop
[11:11] {cipher} alrady in :)
[11:11] {dino} sm l .02
[11:12] {dino} thrx spike
[11:13] {dino} nice entry cipher
[11:14] {cipher} panl drop
[11:14] {cipher} PANL L .68
[11:14] {RonS} $THRX FDA approves Breo Ellipta to treat chronic obstructive pulmonary disease
01[11:17] {Threei} 1:1
[11:20] {ese} snts........bastard.......it's up again
[11:20] {jdetente} out .91 thanks Vad
01[11:21] {Threei} :)
[11:21] {Buster} Awesome day, thanks V
01[11:21] {Threei} yw sir
[11:22] {Les} V... I like that
[11:22] {Les} http://www.youtube.com/watch?v=vPlT2uKruwM
[11:22] {cipher} panl stopped .60 -.08
[11:22] {Les} almost a superhero :)
[11:23] {RonS} bbby .09 to .88 +.21 thanks 3i
01[11:23] {Threei} 1:2
01[11:23] {Threei} yw
01[11:23] {Threei} that was for patel
01[11:23] {Threei} consolation trade
[11:26] {cipher} PANL L.61
[11:28] {Les} cover .96 ty. skipped 1:2 for a go at 1:3 but not gonna happen
01[11:29] {Threei} damn... Pullitzer prize winner loved my photo
01[11:29] {Threei} http://goo.gl/M12xO
[11:29] {Les} another low here in SLW/GDX. still needs more work
[11:30] {jdetente} that is a great photo Vad
01[11:30] {Threei} ty
[11:31] {jdetente} where's that at
[11:31] {jdetente} ?
01[11:31] {Threei} my favorite 10 km walk,
01[11:31] {Threei} around large lake
01[11:31] {Threei} 7 min drive from my house
[11:31] {Les} whose the pullitzer winner?
01[11:31] {Threei} Jay Dickman
[11:31] {RonS} if was that guy would change name to Big...
[11:32] {jdetente} best not disclose name of lake...nemo might setup sniper blind
[11:32] {RonS} lol
[11:33] {Les} not first time seen him complement your work
[11:33] {stevw} dickman won a pullitzer is a joke i'm not going anywhere near
01[11:33] {Threei} there are beavers and deer all around..
01[11:33] {Threei} and Olympic rowing team of Canada practices theree
[11:33] {Les} beavers and dickman... sure there's a joke there somewhere
01[11:33] {Threei} so nemo would find abundance of targets
[11:33] {stevw} elk lake if i recall
[11:33] {nemo} I'll use vld nyclads, leaves no ballistic markings
01[11:34] {Threei} yup
01[11:34] {Threei} the difference is, Les
[11:34] {stevw} used to go running around it while wasting time before the ferry or my flight
01[11:34] {Threei} what you saw before were photos posted for critique
[11:34] {Les} aaah he got u on hismap now hey?
01[11:35] {Threei} so he was kind of under obligation to comment
[11:35] {thomcbell} dont like time of day but kors looks like a 60 break if hlding 59.90
01[11:35] {Threei} this one I posted just because, and he saw it among zillion others and found it necessary to comment
01[11:37] {Threei} wow
01[11:37] {Threei} A 57-year-old Victoria man collapsed and died Tuesday afternoon after hiking on a Hawaiian lava field
[11:37] {cipher} z s .78
01[11:37] {Threei} I knew it was dangerous place
01[11:37] {Threei} but still
[11:38] {Les} GDX short 29?
01[11:38] {Threei} no
01[11:38] {Threei} sharp drop
[11:38] {Les} yeh
[11:38] {Les} slw gld almost ready
01[11:38] {Threei} hiking among lava trees I did get this feeling that if I strain my ankle there, they'll find my skeleton in a week or so
[11:39] {nemo} he died happy
[11:39] {Les} but we talking about cold lava I assume?
[11:39] {Les} not venturing for a pic of the real thing
01[11:39] {Threei} yes
01[11:39] {Threei} read the details: http://www.timescolonist.com/victoria-hiker-dies-on-hawaiian-lava-field-1.175055
[11:40] {cipher} cov Z .42 +.36
[11:41] {cipher} z l.44
[11:41] {Les} checked hawaii weather 26 degree C if only here in switzerland...
[11:42] {RonS} not on the volcanoe...
[11:42] {ese} lol
[11:42] {RonS} at altitude there...
[11:43] {Les} basalt heat, ah ok
[11:44] {Les} dangerous tourist trap...
01[11:44] {Threei} it's an amazing place but you have to be very careful there
[11:45] {stevw} there ya' go CAT, take that crap
[11:45] {cipher} PANL drop
01[11:46] {Threei} here, among lava trees you can see the surface you walk on:
01[11:46] {Threei} http://photography.realitytrader.com/2013/01/hawaii-active-volcano.html
[11:47] {cipher} PANL L.73
[11:47] {Les} I remember hot sidewalks and roads in the North of Australia. Similar with this sand and ash stuff is it?
01[11:47] {Threei} for the full collection,
01[11:47] {Threei} http://photography.realitytrader.com/2013/01/hawaii-active-volcano-2.html and http://photography.realitytrader.com/2013/01/hawaii-active-volcano-3.html
[11:48] {ese} L spwr .49
[11:49] {cipher} call bid
[11:50] {Les} GLD ready to let go
[11:50] {nemo} cleanup in panl
[11:51] {cipher} out pANL .19 +.46
[11:51] {ese} hmmmmmm maybe not....thought i was going to get a quick bump up
01[11:53] {Threei} Short Setup: SLW .60 break
[11:53] {nemo} lyb just gave another short setup at .50 sorry forgot about it
01[11:53] {Threei} If holds .65
01[11:54] {Threei} lol
01[11:54] {Threei} CY) Cyprus Finance ministry issues decree to extend capital controls for 7 more days
[11:55] {cipher} panl reload .17
01[11:56] {Threei} nope
[11:56] {Les} bah humbug
[11:56] {thomcbell} z
[11:56] {thomcbell} may buy under 54 here
[11:57] {thomcbell} back under and then trigger becomes 54 rather
[11:57] {Les} lvs .50' break?
[11:58] {Les} crap it's almost lunch
[11:58] {Les} and thres not setup I'll shut up
01[11:58] {Threei} ty
[11:59] {stevw} FB looking shortable
[11:59] {thomcbell} Z 54 long break if holding lod
[12:00] {backman} small short C .54 tight stop
[12:01] {cipher} out call .55 +.77
[12:01] {backman} out
[12:02] {thomcbell} z invalid
[12:02] {thomcbell} still watching
[12:02] {cipher} out PANL .37 +.20
[12:02] {thomcbell} or 53.95 aggressive entry
[12:03] {thomcbell} nah lets leave it alone
[12:04] {backman} so much for tight stops
[12:04] {ese} out spwr .62 +.13
01[12:07] {Threei} looks good to me bman, what's wrong?
[12:08] {backman} C approaching dl.....i set my first stop too tight....reentered just now...looking at .43 for possible add
01[12:08] {Threei} stop would be above .60, no?
[12:09] {backman} i was too tight first time....using .10 from entry of .49 now
[12:10] {cipher} ibm l .41
01[12:10] {Threei} well, you didn't stop at .56 frpm .54 entry, did you?? :)
[12:11] {backman} no....stopped at .60
01[12:13] {Threei} don't set the stop at the resistance or whole number, move it 1 cent beyond
[12:13] {cipher} out IBM .58 +.17
[12:13] {dino} act spike
[12:14] {cipher} CG L.01
[12:16] {backman} kk
[12:18] {nemo} hlf short setup here if it drops .70
[12:25] {Les} GLD flying but SlW ain't moving a muscle
[12:25] {nemo} they're trying to put a bottom at .70 on hlf
[12:25] {nemo} FADF buyer at .69 and .70
[12:28] {nemo} lyb again, probably good below .60 if it holds .75
[12:30] {dino} act crazy
[12:30] {dino} sm s .95
01[12:31] {Threei} be back in 20
[12:32] {dino} cov act .65, +1.30
[12:32] {jdetente} broke .70 on HLF
[12:35] {dino} act sm s .50
[12:36] {Les} GLD short potential here
[12:36] {dino} cov .17, +.33
[12:37] {nemo} next short area for lyb is .90ish
[12:39] {cipher} logm l.90
[12:40] {cipher} out Z .35 +.52
[12:41] {dino} act sm s .65
[12:42] {dino} cov act .59, +1.16
[12:42] {dino} 1.06
[12:42] {cipher} wtg
[12:42] {dino} pulp
[12:42] {cipher} out CG .20 +.19
[12:42] {jdetente} +.20 HLF
[12:43] {jdetente} thanks Nemo
[12:44] {cipher} CG S .23
01[12:44] {Threei} (ES) Daily Telegraph blog comments that IMF data indicate that "Spain is officially insolvent" advises investors to get money out of Spain- Daily Telegraph editor says that a "big Spanish debt restructuring is inevitable" as no amount of ECB money printing can paper over Spain's problems, and the Cyprus model shows that a heavy price will be demanded if banks need additional recapitalizations. "I don't advice getting your money out lightly. Indeed, such advice is generally thought grossly irresponsible, for it risks inducing a self reinforcing panic. Yet looking at the IMF projections, it's the only rational thing to do."
[12:46] {cipher} cov CG .19 +.04
[12:47] {backman} will be interesting to see if GDX breaks out this afternoon
[12:49] {nemo} bhi looks good short here
[12:49] {Les} looks like LVS might have exhausted itself here. potential DB coming
[12:49] {RonS} thom thanks...Z 53.96 to 4.52 +.56
[12:50] {Les} DT sorry
[12:50] {backman} nemo, u looking at break of .38?
[12:50] {nemo} actually, you might want to try and get it closer to .48
[12:51] {nemo} it's got an nice roof over head
[12:52] {thomcbell} kors got 1:2
[12:52] {RonS} sm L ctsh .90
[12:52] {thomcbell} for a second
[12:53] {thomcbell} Z - darn
[12:53] {Les} vad lvs .80 short holding?
[12:54] {Les} .85?
[12:54] {stevw} was just going to ask same
01[12:54] {Threei} I like
[12:55] {nemo} nke ccould be a shorrt here too
01[12:55] {Threei} either breaks or fades
[12:55] {nemo} stop above .70
01[12:55] {Threei} breakout I'd ignore
01[12:55] {Threei} fade I'd take
[12:55] {RonS} out ctsh -.10
[12:56] {Les} GLD topping action at .80 here
[12:57] {Les} big cup and handle that may break or fade
[12:58] {nemo} loss of .79 nke looks good stop above .75
[12:58] {nemo} loss of .70
[12:58] {Les} woohoo
[13:05] {dino} act sm s .80 stop .01
[13:05] {dino} stop
[13:05] {nemo} iwm looks like it wants to make new highs again
[13:10] {dino} act sm s .06
[13:14] {dino} cov .76, +.30
[13:15] {Les} energy lags xle rig apo
[13:18] {dino} agnc drop
[13:19] {stevw} well LVS, you going to breakdown or breakout?
[13:20] {Les} bb's tigthen on iwm. new move coming
01[13:21] {Threei} SPY encourages it up
[13:23] {dino} act sm s .51
[13:24] {backman} GDX made it's new highs....let's see what's next
[13:24] {Les} SLW spike to 24
[13:26] {dino} cov act .21, +1.30
01[13:27] {Threei} this must be the best e-mail I've got in a good while:
01[13:27] {Threei} I hate it when people pour my cereal. They don�t know how much I want. They don�t know my life. They don�t know what I've been through.
01[13:28] {Threei} wtg dino
[13:28] {dino} ty
[13:28] {dino} gut says to vwap, but wicked spikes
01[13:28] {Threei} come on, am I the only one who finds it funny?
01[13:29] {Threei} I miss will...
01[13:29] {Threei} he would type "ha. ha. ha."
01[13:29] {Threei} and I would feel better
[13:29] {dino} ha.ha.ha.
[13:29] {Les} gld short .99?
01[13:29] {Threei} ty
01[13:30] {Threei} GLD yes
01[13:30] {Threei} double-topping
[13:31] {Les} looks like IWM might drop here
[13:31] {cipher} ACT L.64
[13:31] {cipher} out .94 +.30
01[13:31] {Threei} Montreal mobster found shot dead in Sicily
01[13:31] {Threei} sounds about right
[13:31] {cipher} logm s .62
01[13:31] {Threei} GLD 1:1
[13:31] {dino} call to .30 things stuck
[13:32] {dino} make it .29, hide behind edgx
01[13:33] {Threei} (US) Survey of economists' expectations indicates approx 1/3 see the Fed tapering its purchases in Q3, with no economists expecting an increase in asset purchases - financial press
[13:33] {dino} amri to .02
[13:34] {Les} watching lvs around 58
[13:34] {dino} then it will increase
[13:35] {cipher} cov LOGM .46 +.16
[13:36] {Les} lvs weakening but .90 was the trigger, watching for a bounce into resistance
[13:37] {stevw} LVS blasted past my .90 mental stops moments before i entered it, but after torturing me for 10 minutes or so it came back to it
[13:37] {Les} 1:2 gld ty
[13:37] {stevw} thankfully 58 was a good ceiling to contain it
01[13:37] {Threei} you spotted it
[13:37] {Les} you validated it
01[13:37] {Threei} but I'll take the crdit if you insist
[13:38] {Les} when I can tell diference between DT and random crap then I'll take full credit :)
01[13:38] {Threei} I am nothing is not generous when it comes to taking credits
[13:38] {Les} last piece stop on trail
01[13:39] {Threei} random crap is easy to tell
01[13:39] {Threei} it looks nothing like any of the setups :)
[13:39] {Les} tell my brain that
[13:39] {Les} ... quiet nemo
[13:39] {dino} out call, slipage ave .27, +.25
[13:40] {Les} RIG dicing with .30 breakdown needs a bit of work
[13:41] {Les} hmmmm C
[13:41] {Les} at yesterdays close as support
[13:41] {Les} tight range
01[13:41] {Threei} I just thought of an angle, how to think of setups to get you one step closer to seeing them right
01[13:42] {Threei} don't think that ech and every chart can be read at any time,
01[13:42] {Threei} think of them as random mostly,
[13:42] {dino} act sm s .14
01[13:42] {Threei} sometimes forming something readable, falling in the template of a pattern
01[13:42] {Threei} That's when we are interested,
01[13:43] {Threei} and at all other times we view them as unreadable mess
[13:45] {backman} CAT starting afternoon selloff early
01[13:48] {Threei} it's Friday
01[13:48] {Threei} it wants to be done earlier
[13:50] {cipher} ACT L.80
[13:51] {cipher} out .38 +.58
[13:52] {dino} gj
[13:52] {cipher} ty
[13:52] {cipher} heart attack stock
[13:52] {dino} pulp for sure
01[13:53] {Threei} lol
01[13:53] {Threei} a stock that cipher calls heart attack one
[13:54] {cipher} what do you call it vad?
[13:54] {dino} act stop -.36
[13:54] {dptl} MET .10 long?
01[13:55] {Threei} nah
01[13:56] {Threei} "wear-the-diaper-take-the-sedative-don't-look-at-the-screen-and-have-a-heart-attack-anyway"
[13:56] {cipher} I thought so :)
[13:56] {cipher} that's more appropriate
01[13:56] {Threei} :)
[14:04] {thomcbell} ocn 42.25 long b reak
[14:05] {thomcbell} would also be interested in a pullback under 42.15
[14:05] {cipher} act l .05
[14:06] {cipher} out .40
[14:07] {thomcbell} ocn 1:1
[14:09] {cipher} cat l .30
[14:10] {Les} vig vol. lvs 58 break
[14:10] {Les} big
[14:10] {cipher} out cat .36 +.06
[14:11] {Les} lvs .10 short holdign .15?
01[14:12] {Threei} yes but looks like will be invalidfated
01[14:12] {Threei} no
01[14:12] {Threei} has a chance
[14:12] {Les} in with hl
[14:14] {Les} .01 taken partial
01[14:15] {Threei} :)
[14:15] {Les} not really DT but vol spike has my attention
[14:15] {cipher} cat selling
01[14:17] {Threei} Stock ownership among Americans is record low. 52% of adults say they own any stocks. Gallup poll
01[14:17] {Threei} hmmm
01[14:17] {Threei} if true, then this bull has ways to go yet
[14:17] {thomcbell} yup
[14:17] {Les} gonna have to work a while yet yeh
[14:17] {Les} peddling to mum and pop
[14:18] {thomcbell} ddd 43 long brqaek
[14:18] {jdetente} yes the almighty retail investor still needs to buy in
[14:18] {thomcbell} break
[14:18] {Les} hmmm CAT bounce at previous low .90?
[14:18] {nemo} rax, sheesh...probably gap up on Monday
[14:18] {thomcbell} if holding 42.90
[14:18] {Les} cross of 00?
01[14:19] {Threei} looks rather like more downsite to me
[14:19] {thomcbell} ddd 1:1
01[14:19] {Threei} .90 short
[14:19] {Les} theres teh bounce
[14:19] {thomcbell} 1:2
[14:20] {Les} give it a min. or 2
[14:20] {Les} lvs offering new entry here
[14:20] {Les} lower high
[14:21] {thomcbell} im using a 43.13 stop on last quarter of ddd
[14:23] {thomcbell} ddd stop to 43.19
[14:23] {dino} amri to .15
[14:24] {thomcbell} ocn stopped 2nd half
[14:24] {Les} http://tinyurl.com/cjh7cn5
[14:24] {Les} brave new world
[14:25] {thomcbell} ddd out at 1:3
[14:32] {dino} out amri .23, +.72
[14:32] {jdetente} act halted
[14:37] {backman} any thoughts LVS...break of .97
[14:39] {RonS} auggie 110/130 call spread on act...around $7 1500 contracts...million dollar bet
[14:40] {RonS} insiders use the out months so SEC won't notice...usually works
01[14:40] {Threei} not sure on LVS
[14:43] {dino} whens it opening ron?
[14:44] {Les} lvs 2nd H stop
[14:44] {RonS} dunno
[14:45] {RonS} Actavis Confirms Early Stage Discussions Regarding Potential Combination with Warner Chilcott plc
[14:45] {dino} got caught short 300 at .76
[14:45] {RonS} now the MM's can start matching orders to get it open...
[14:46] {RonS} let throw you some toilet paper...
[14:46] {dino} i may need it
[14:46] {RonS} Warner Chilcott Confirm Talks With Actavis About Potential Business Combination
[14:46] {dino} i hate halts. all they ever do is screw me
[14:51] {nemo} looks like they're going to pop the spy
[14:54] {dino} well that sucked
01[14:54] {Threei} (US) Fed's George (hawk, FOMC dissenter) - factors driving unemployment are beyond the reach of monetary policy
01[14:55] {Threei} really? we said that for years
01[14:55] {Threei} but no, you idiots tied your easing to unemployment numbers
[14:57] {dino} ilmn spike
[14:58] {RonS} ILMN Roche has made offer
[14:58] {dino} ilmn sm s .06
[14:59] {RonS} $88
[14:59] {dino} cov .62 +.46
[14:59] {dino} thx ron
[14:59] {dino} sm l .85
[14:59] {cipher} ilmn l.74
[14:59] {cipher} out .13 +.39
[14:59] {cipher} thx dino
[15:01] {dino} out ilmn .05, +1.20 thx ron
[15:02] {dino} reload .00
[15:03] {RonS} act call buyer already made 750k
[15:04] {dino} out ilmn .10, +2.10
[15:05] {dino} ilmn sm l .32
[15:06] {dino} stop -.30
[15:07] {dino} rinse
[15:08] {nemo} Is the paint dry yet?
[15:10] {dino} ilmn sm l .01
[15:10] {dino} out .50, +.49
[15:10] {RonS} appears that ilmn roch thing is a rumor
[15:12] {RonS} still may go to $75...
[15:12] {dino} i can't find it, just message board talk
[15:12] {backman} i've been scalping CAT around .37 last bit....is it risky to keep using same trigger point...is just keep doing it til it fails
[15:12] {dino} sm s .15
[15:12] {RonS} 24% ilmn floar short
[15:12] {dino} stop .55-.40
[15:13] {RonS} 28 mil shares...
[15:13] {RonS} bingo
[15:14] {dino} sm s .70
[15:14] {dino} cov .09, +.61
[15:15] {dino} sm s .50
[15:15] {dino} cov .08, +.42
[15:17] {backman} arrgh...CAT flop
[15:17] {dino} ilmn sm s .38
[15:17] {dino} cov .89, +.49
[15:18] {RonS} ILMN "no confirmation " from roche
[15:18] {backman} nicely dun
[15:18] {dino} sm s .82
[15:20] {dino} cov .72, +1.10
[15:22] {RonS} ha..."So many red lines, so little time" @jeffreygoldberg on Syria
01[15:22] {Threei} lol
01[15:22] {Threei} Long Setup: GLD .25 break hl
01[15:22] {Threei} If holds .15
01[15:28] {Threei} 1:1
01[15:28] {Threei} 1:2
01[15:35] {Threei} 1:3, out
[15:36] {thomcbell} great job Vad
[15:36] {thomcbell} !
01[15:36] {Threei} ty
01[15:36] {Threei} classic setup
01[15:36] {Threei} textbook
01[15:39] {Threei} http://goo.gl/PXRwW
[15:43] {backman} hadnt seen that much green on my screen in a while...thanx
01[15:43] {Threei} :)
[15:45] {stevw} thankx vad, that made up for me having got stung twice trying to short lvs
01[15:45] {Threei} yw
[15:45] {nemo} they should push IWM to 97 that would be a 100% extension
01[15:45] {Threei} right from 111 Trades pages
[15:46] {stevw} btw, your picture from elk lake reminded me of one i took on the sunshine coast - can i post a picture on here?
01[15:47] {Threei} link to it, sure
01[15:47] {Threei} picture itself, I don't think it's possible
01[15:54] {Threei} OK guys, thank you all
01[15:54] {Threei} have a great weekend
01[15:54] {Threei} see you all on Monday
[15:54] {Les} cheers
[15:56] {dino} ilmn sm s .40
[15:57] {dino} cov .90, +.50
[15:58] {dino} sm s .09
[15:58] {dino} cov .65, +.44
