Thursday, May 16, 2013

May 16 2013

Not really "our" day - started well, then a few too many stops took us in the red. Not a biggie as risk was controlled tightly, and we fixed some of it closer to eod. 

Session Time: Thu May 16 00:00:00 2013
[08:37] {patel} good morning
01[08:44] {Threei}  morning patel
[08:45] {cc_9} morning patel
[09:05] {cipher} gm
01[09:05] {Threei}  cipher :)
[09:08] {_fish_49} Gm All
[09:09] {patel} metals weak
01[09:09] {Threei}  fish :)
[09:09] {jdetente} good morning
01[09:10] {Threei}  jd :)
[09:18] {Will49} gm
01[09:19] {Threei}  will :)
[09:19] {_fish_49} gm Will
[09:19] {RonS} hello
[09:19] {Will49} hey fish
[09:19] {Will49} ron
[09:19] {_fish_49} Hey Ron
01[09:19] {Threei}  ron :)
01[09:19] {Threei}  (GR) European Commission report expected to forecast Greece debt-to-GDP ratio at 120% by 2022; Lowers 2013 privatization target to �2B - financial press- EC report reaffirms 2014 GDP of +0.6%, 2013 GDP of -4.2% - Sees a bumpy return to full market access for Greece.
01[09:19] {Threei}  going well, I see
[09:20] {_fish_49} Whats going on after 2013  why the drop in GDP
[09:21] {Les} yo
[09:21] {_fish_49} ohhhh
01[09:21] {Threei}  they just throw these numbers out there
[09:21] {_fish_49} I see the minus
01[09:21] {Threei}  no one knows
01[09:21] {Threei}  no one cares
[09:21] {Les} i didn't
01[09:21] {Threei}  les :)
[09:21] {Les} just said hello is all
01[09:21] {Threei}  (US) Fed's Fisher (hawk, non-voter on FOMC): Fed should reduce MBS purchases and end them by year end - comments from NABE Industry Conference in Houston
01[09:21] {Threei}  - Sees MBS purchases as potentially disruptive
01[09:21] {Threei}  - Economy appears to be strong enough to encourage job growth in the near term
01[09:21] {Threei}  - Fiscal policy hurting the ability of monetary policy to help the employment situation
[09:22] {Les} where's my favourite fish?
[09:22] {_fish_49} I am half blind  Thought it was 4.2% for 2013
01[09:23] {Threei}  they wish
[09:23] {Alexs} good morning
01[09:23] {Threei}  alex :)
[09:23] {Les} quote of the day: "Whenever one filters investment decisions through a political prism, whatever that prism is, you might as well pile up your money and set fire to it."
[09:23] {_fish_49} I'm here Les
[09:23] {Les}
01[09:23] {Threei}  good one
06[09:23] * Les smacks fish for being an imitation Nemo
01[09:24] {Threei}  btw, another image of mine got 500 likes
01[09:24] {Threei}
[09:24] {Les} yeh Olympus likes you
[09:24] {Les} tis a nice image
[09:24] {Will49} sweet
[09:25] {Les} was gonna post that TSLA link elsewhere, but think I'll let it go
01[09:25] {Threei}  well, I like them too
[09:25] {Alexs} did u make money on miners yesterday?
01[09:25] {Threei}  sure did
01[09:25] {Threei}  both GDX and SLW were cooperative
[09:25] {Alexs} :D
01[09:26] {Threei}  and we expect nothing less today
01[09:26] {Threei}  sorry, I meant "nothing les" {GGG}
[09:26] {Les} could be a db in silver futures
[09:26] {_fish_49} lol
[09:26] {Les} leave me out of it
01[09:26] {Threei}  I can't, Les... there is some force from high above...
01[09:27] {Threei}  ever since Raven provided that photo
[09:27] {ese} gm
01[09:27] {Threei}  ese :)
[09:27] {ese} felt like I had to unweld my eyelids this morning
[09:28] {Les} ah the raven
[09:28] {Les} once upon a midnight dreary...
[09:28] {backman} gm
01[09:28] {Threei}  some have special people for that ese
01[09:28] {Threei}  bman :)
01[09:28] {Threei}  morning starts with "OK, lift my eyelids now..."
[09:29] {ese} hmmmmmm.......i haven't heard that
01[09:31] {Threei} Short Setup: GDX  .95 break
01[09:32] {Threei}  If holds  .05
01[09:32] {Threei}  1:1
[09:32] {dptl} gm
01[09:33] {Threei}  dp :)
[09:33] {Les} out ty
[09:33] {Les} .76
01[09:33] {Threei}  1:2
01[09:33] {Threei}  yw
[09:33] {robbers} Out GDX, thanks.
01[09:33] {Threei}  :)
[09:33] {Alexs} ty V
01[09:33] {Threei}  yw guys... nice and easy
01[09:34] {Threei}  SLW drops nicely too but it's jumpier on the open
[09:34] {patel} either .65 or .85 market can decide.
01[09:34] {Threei}  I prefer to play it a bit later
01[09:34] {Threei}  there you go patel... ekzaqtly how I view it
[09:35] {Will49} out..tks Vad
[09:35] {patel} no more making up my own rules.
01[09:35] {Threei}  :)
01[09:35] {Threei}  GLD bounces
01[09:35] {Threei}  SLW not so much
[09:35] {Les} hmmm GDX just dipped below previous daily support
[09:36] {backman} c approaching day high
01[09:36] {Threei}  copy this and paste someplace safe, for quoting me later
01[09:36] {Threei}  gold goes under 1,000
[09:36] {ese} L aria .15
[09:36] {Les} that's a bold call
01[09:37] {Threei}  well, feel free to quote me in both cases, whether it does or does not :)
[09:37] {patel} nice call
[09:37] {patel} out
[09:37] {jdetente} out on trail. nice start
[09:37] {Will49} nice indeed
01[09:38] {Threei}  SLW is the weakest of them all
01[09:38] {Threei}  watching it as next short
[09:39] {_fish_49} what would be the entry break of low?
01[09:39] {Threei} Short Setup: SLW  .80 break
01[09:40] {Threei}  that's what I am trying to determine, fish :)
[09:40] {backman} .80 or .70
[09:40] {cipher} BMRN L .16
01[09:40] {Threei}  .80
[09:40] {Les} C not so strong today
01[09:40] {Threei}  short into bounce exhaution
[09:42] {cipher} out BMRN .42 +.26
[09:42] {Les} s short c .24 holding .35
01[09:43] {Threei}  change to .85 break
[09:43] {ese} aria  stopped  .75 -.40
[09:43] {Les} cover half
[09:43] {ese} ahhh well
01[09:43] {Threei}  World Gold Council (WGC) stated that Q1 Global gold demand was -13% y/y (three-year low) driven by ETF liquidations.
01[09:44] {Threei}  stop .92
01[09:44] {Threei}  keeping it tight in opening volatility
[09:44] {_fish_49} Joy wants to be shorted  take a look if u have  time  Vad
[09:44] {Les} full cover c 1:2
[09:45] {Les} FAS keeps it tight C is looser today
01[09:45] {Threei}  not in first 30-40 min, fish, sorry
[09:45] {_fish_49} 10-4
03[09:46] * Looking up dptl user info...
01[09:47] {Threei}  out
[09:47] {dptl} out
[09:47] {robbers} out
[09:47] {jdetente} good tight stop
[09:48] {Les} should keep SLW as potential DB in silver futures play
[09:48] {_fish_49} I was so wrong on Joy  wow
[09:48] {ese} L aria .60
[09:48] {cipher} SGEN s.50
01[09:49] {Threei} Short Setup: BBY  .85 break
01[09:49] {Threei}  If holds  .95
[09:49] {cipher} cov SGEN .22 +.28
[09:49] {cipher} SGEN L.22
[09:50] {Les} fish what was your setup in JOY?
[09:51] {_fish_49} up on very low volume and near resistance
[09:51] {_fish_49} but volume came in later and it broke out
[09:51] {Les} from what price?
01[09:51] {Threei}  that's trading idea... not the setup
[09:52] {RonS} thx cipher  caught bmrn 65.50 to 66.10 +.60
01[09:52] {Threei}  wtg
[09:52] {cipher} no ron
[09:52] {cipher} np
01[09:52] {Threei}  cut BBY to hl
[09:52] {_fish_49} dont recall exact price  but think it was .05 when I called  I was thinking  it  could be short at cross of 59.99 bad idea
01[09:53] {Threei}  not liking SPY new high here
[09:53] {backman} so, break of
[09:53] {Les} k
[09:53] {backman} .90
[09:54] {Les} "well, this is a bull market"... :)
01[09:54] {Threei}  ok BBY... lose .80 and you are done like a dinner
[09:56] {Les} C negotiating Jan 11 highs here. Might offer decent consolidation before break lagging the other finnies
01[09:56] {Threei}  let's trail to .91
[09:57] {_fish_49} means  move stop to .91?
01[09:57] {Threei}  right
[09:57] {Les} SLW lower high
01[09:57] {Threei}  1:1
[09:57] {jdetente} half .76
[09:57] {RonS} ese...aria pressure 'cause this:  After decades of using one-size-fits-all therapies to combat cancer, doctors are using new tools to help decide when their patients can skip chemotherapy or other harsh treatments.
[09:57] {Les} potential 22 breakdown with .10 stop?
01[09:58] {Threei}  not sure... if consolidates for 2-3 min, I'd be more inclined
[09:58] {Les} k
[09:59] {Les} invalidated
01[09:59] {Threei}  *(US) MAY PHILADELPHIA FED: -5.2 V 2.0E
[09:59] {RonS} wow
[10:00] {Les} Europe dragging u guys down
[10:00] {Les} come join the party
01[10:00] {Threei}  Components: - Prices Paid: 6.9 v 3.1 prior - New Orders: -7.9 v -1 prior - Employment: -8.7 v -6.8 prior
01[10:00] {Threei}  tikes
01[10:01] {Threei}  yikes too
[10:01] {Les} initial claims r up too
01[10:01] {Threei}  recovery is gaining speed I see
[10:01] {Les} yeh and Fed is still ready to tail off purchases no doubt...
[10:01] {Will49} BBY has a mind of its own
[10:02] {dptl} out bby balance
[10:02] {robbers} out bby
[10:02] {Les} GLD and miners likin gthe news
[10:02] {backman} nice short on C les
[10:05] {Les} ty
[10:05] {Les} a lower high to short is a nice signal
[10:05] {Les} GLD dropping
01[10:06] {Threei} Long Setup:  TNA  .95 break hl
01[10:06] {Threei}  If holds  .85
01[10:06] {Threei}  Invalidated
[10:07] {Les} yesterday might have seen short term top in market
[10:07] {RonS} acor gap fill...
[10:08] {cc_9} NUGT finally a decent trade
[10:09] {backman} GDX returned to yesterday low
[10:10] {Les} GLD .50 BREAKDOWN?
[10:10] {_fish_49} yea  filled gap
[10:10] {Les} or possible bounce
01[10:10] {Threei}  breakdown is more attractive to me
[10:11] {cipher} ALXN L .95
[10:11] {Les} will give it a min. to settle
[10:11] {cipher} QCOR L .41
01[10:11] {Threei}  PIMCO ?@PIMCO 27m
01[10:11] {Threei}  Gross: AP, IRS? Ask not what you can do for your country, ask what your country can do TO you.
[10:12] {_fish_49} lol
[10:12] {_fish_49} that is so scary  we need a power check  way to much power in the IRS
[10:12] {Les} .50 holding .60?
[10:12] {Les} GLD?
01[10:12] {Threei}  yup
[10:12] {cipher} qcor stopped .40 -.01
[10:13] {patel} is that a yup for GLD
01[10:13] {Threei}  yes
[10:13] {ese} out aria .97 +.37.......dat dere is what yer callin yer recopin yer losses dere
[10:13] {RonS} irs worse '14 w/ Ocare
[10:14] {cipher} ACOR L .59
[10:15] {Les} short slw .24 holding .30 small
01[10:16] {Threei} Short Setup: GDX  .20 break
01[10:16] {Threei}  If holds  .30
[10:16] {nemo} COF
01[10:17] {Threei}  flu, nemo?
[10:17] {cipher} O\out ALXN .25 +.30
[10:17] {nemo} allergic to Les
[10:17] {Les} lol u 2
[10:17] {Les} not bad stand up comedy
[10:18] {ese} L aria .97
[10:18] {thomcbell} hi all
01[10:18] {Threei}  Invalidated
01[10:18] {Threei}  tbell :)
[10:18] {ese} T
[10:19] {Les} slw stopped
[10:19] {Les} ditto gld
[10:19] {dptl} invalidated? what gdx?
01[10:19] {Threei}  yes
[10:20] {dptl} took .25 thats why?
[10:20] {cipher} out ACOR .67 +.08
[10:20] {dptl} and .30 ok
[10:21] {dptl} got confused a bit :)
[10:22] {cipher} INFI DROPPING
[10:22] {nemo} things a bit choppy
[10:22] {Will49} no kidding
[10:22] {nemo} Pharma getting baby sealed today
[10:23] {dino} news infi?
[10:23] {nemo} yeah, they hired Les
[10:23] {nemo} stock plummeted
01[10:23] {Threei}  no fresh news
[10:24] {Les} now that's just lazy
[10:25] {backman} GILD got dumped on decent newz....for whatever that stuff means
01[10:25] {Threei}  (US) Fed's Fisher: - Notes that he is not the only member at the Fed willing to wind down MBS purchases
[10:25] {cipher} infi l .78
[10:25] {RonS} yellen's dog?
[10:26] {nemo} miners strong today
01[10:26] {Threei}  lol
[10:26] {cc_9} There goes NUGT.
[10:26] {backman} everybody loves somebody sometime, nemo
01[10:27] {Threei}  in some way
[10:27] {nemo} everybody makes mistakes, backman
[10:29] {Les} gld popping
01[10:29] {Threei} Short Setup: CAT  .30 break hl
01[10:30] {Threei}  If holds  .40
01[10:30] {Threei}  two-sided actually
[10:30] {Les} SLW potential DT
[10:30] {Les} invalid
[10:31] {jdetente} long it is
01[10:31] {Threei}  1:1
01[10:31] {Threei}  and don't be a scalp
[10:32] {cc_9} did i already say NUGT today ?
01[10:32] {Threei}  I think I heard that
[10:33] {cipher} CELG L .07
[10:33] {dino} infi sm l .40
01[10:33] {Threei}  ugh... scalp
[10:34] {dptl} out balance cat
[10:34] {jdetente} blah
01[10:34] {Threei}  rinse
[10:34] {RonS} got infi .35 ave out .85 ese size...
[10:34] {cipher} out CELG .45 +.38
01[10:34] {Threei}  grrrrr
[10:34] {jdetente} son of a you know what
[10:35] {RonS} oops .17 ave bad math here...
[10:36] {RonS} +.68 infi too excited...
[10:36] {cipher} BMRN S .50
[10:36] {cc_9} NUGT nHOD =)
[10:36] {dino} ron gj
01[10:38] {Threei}  frikin CAT at 1:3
01[10:38] {Threei}  (CA) Bank of Canada: Central banks should be aware of costs and risks of their unconvential policies and how low rates for extended periods could keep 'zombie' firms and banks alive
01[10:39] {Threei}  who would have thought... Canucks are the nost fiscally conservative in the bunch
[10:40] {_fish_49} new term for me  Canucks  ?
[10:40] {jdetente} Hosers
[10:41] {Will49} same idea as calling Americans yanks
[10:41] {RonS} where u from fish?
01[10:41] {Threei}  canadians :)
[10:41] {_fish_49} Maryland
[10:41] {Will49} the moon?
[10:42] {jdetente} hehe
[10:42] {RonS} lol
[10:43] {Les} you a public servant fish?
[10:43] {RonS} rotflol
[10:43] {_fish_49} Was  Retirement coming  July 31
[10:44] {nemo} where in Maryland Fish?
[10:44] {_fish_49} 50 Minutes north of Baltimore
[10:44] {_fish_49} Office in DC
[10:44] {nemo} whoa PA border
[10:44] {nemo} that's a frickin' commute
[10:44] {dino} out infi .71, +.31
[10:44] {_fish_49} yes  5 min  PA  20 Min  Delaware
[10:44] {nemo} I used to live in Bowie
[10:45] {_fish_49} Ahh my train stops there  I ride the Marc
[10:45] {nemo} oh, you took that line in
[10:45] {_fish_49} did you go to school Bowie State?
[10:45] {nemo} no
[10:45] {nemo} drove by it on the way to Ft. Meade
[10:45] {Will49} ltered State
[10:45] {Will49} Altered
[10:46] {_fish_49} you worked at NSA?
[10:46] {RonS} bet nemos' real name David...
[10:46] {nemo} now if I did you don't talk about it
[10:46] {_fish_49} lol
[10:46] {_fish_49} still in MD?
[10:47] {nemo} definitely not those bastards across the river
[10:47] {nemo} no
[10:47] {Les} miners ascending triangles
[10:47] {Les} or JBE potentials
[10:48] {nemo} Blair Brown looked great in that movie...not so good in Fringe
[10:48] {Les} GLD makes a lower high
[10:49] {cipher} iaci l .02
01[10:50] {Threei} Short Setup: GLD  .15 break
01[10:50] {Threei}  hl
01[10:50] {Threei}  If holds  .25
01[10:51] {Threei}  Invalidated
[10:52] {ese} patience paying off here with aria l with a crap load
[10:52] {cipher} rost l.06
01[10:54] {Threei}  valid again
[10:55] {nemo} tna just broke free
[10:55] {cipher} sbac l .04
[10:57] {cipher} out IACI .25 +.23
01[10:57] {Threei}  no go
[10:57] {dptl} stopped gld
[10:58] {cipher} rost stopped .09 +.03
[10:59] {Alexs} nice c&h on TSLA but spread
[11:01] {dino} boil gap fill
[11:01] {RonS} long infi .53 ave
[11:01] {cipher} sbac stopped .06 +.02
[11:01] {backman} GDX flat lining....what's next?
01[11:02] {Threei}  .70 short is lucrative
[11:02] {backman} right in here, yes?
[11:02] {Les} trendline support for slw gdx if they are squeezers tehy bounce here
[11:03] {dptl} so .70 short?
[11:03] {dino} aegr spike
01[11:03] {Threei}  tough call
01[11:03] {Threei}  don't know
[11:03] {ese} OUT!!!!!!! aria .4521 +.44 with 3 1/2 K....that does iit for me for the day
01[11:03] {Threei}  chart shapes up, but today it just doesn't seem to be the theme
[11:04] {Les} nice work if you can get it ese :)
[11:04] {backman} ese...wtg
01[11:04] {Threei}  wtg ese
[11:04] {patel} nice job
[11:04] {dino} gj ese
[11:04] {Will49} beauty ese
[11:05] {Les} could be short but expect worse case of new bounce. hl stuff
[11:05] {Les} worst
[11:05] {ese} thank you......"thank you very much"  channelling Elvis and Graceland here
[11:06] {ese} definitely les
[11:06] {Les} theres the bounce
[11:06] {Les} in slw
[11:06] {cipher} AEGR S .75
[11:06] {ese} out esi .49 -.01
[11:08] {ese} out mlnx .47 -.03
[11:08] {dptl} ye would stop us gdx
[11:08] {cipher} cov AEGR .60 +.15 no worki
[11:10] {dino} thinking .50 break trig short
[11:10] {ese} catch you all tomorrow........have a great day eh
[11:10] {dino} cya
[11:10] {_fish_49} congrats ese
[11:10] {ese} tks
[11:10] {nemo} fas and spy in breakout formation
[11:11] {dptl} see Vad.....somehow you can be sceptical even if chart looks good.....i cant get this feel yet...thats where my problem , i see set up and thats it for mee , i am taking it...
[11:12] {Les} in what stock dp?
[11:12] {nemo} you may be seeing a setup, but do you see the map?
[11:12] {dptl} gdx
[11:13] {dptl} thats the prob. Nemo
[11:13] {cipher} dp I know the feeling...
[11:13] {cipher} I used to struggle with the same issue
[11:13] {nemo} then you have to see the map first and see what the setup means
[11:14] {Les} squeeze stocks are the most dangerous. I found it very important to understand and chart them. Still not profitable on paper but getting a little better at seeing the pitfalls and traps. That's somethign worth learning
[11:14] {cipher} I now eliminate the setups that I don't like
[11:14] {cipher} even if they appear to be valid
[11:14] {cipher} just a gut feeling developed over the years
[11:14] {nemo} frickin grind up mode again
[11:15] {cipher} it will come to you one day
[11:15] {_fish_49} Les  your paper trading?
[11:15] {dino} gut feel is big part
[11:15] {cipher} gut feel is a part of the edge
[11:15] {nemo} they're gonna' get these indexes to test their highs
[11:16] {Les} I paper trade squeeze stocks
[11:16] {dino} ntap
[11:16] {Les} had a better run on C yesterday, but still not profitable
[11:17] {Les} here on slw, tapped myself out by buying the long break of .90 but keeping only .05 of stop. getting better at going with flow but gotta be more realistic in my setups
[11:17] {dptl} hmm...i hope ...really hope Cipher
[11:17] {dino} mrk drop
[11:17] {dino} ntap sm s .25
[11:17] {dptl} i'll wake up in me ..that gut feel i mean
[11:18] {cipher} remember the 10k rule
[11:18] {cipher} so true
[11:18] {Les} k trendline break here
[11:18] {backman} ? 10K rule, cipher
[11:19] {cipher} in my case it's more like 15k
[11:19] {cipher} 10,000 hours of screen time
[11:19] {cipher} average
[11:19] {backman} thnx
[11:19] {cipher} unless your name is Vad of course :)
[11:20] {cipher} he skipped a few stages
[11:20] {Les} if you can get a double top with .05 of risk you might get a short setup on miners
[11:20] {backman} GILD may be bottoming....i scalped it, and am done
[11:21] {Will49} i'll be pushing up daisies well before I hit 10K hours
[11:21] {cipher} watching CHTR for entry
01[11:21] {Threei} Short Setup: MON  .15 break hl
01[11:22] {Threei}  If holds  .25
[11:22] {cipher} CHTR L .00
[11:22] {dino} ntap to flat
01[11:26] {Threei}  11:20] {cipher} he skipped a few stages {--- that's because I can't read, cipher {G}
[11:26] {cipher} LOL
01[11:26] {Threei}  Invalidated  MON
[11:27] {nemo}
[11:27] {dptl} lol on its only what? 6-7 years :)
01[11:27] {Threei}  less
[11:27] {Will49} yeah...pretty depressing dp
01[11:28] {Threei}  and it's not like you have to lose all this time
01[11:28] {Threei}  you misinterpret this number
[11:28] {Will49} true dat
[11:28] {cipher} chtr stopped .03 +.03
[11:28] {Les} weakness returns to miners
[11:28] {Les} party over for the moment
[11:29] {Will49} instead of waiting for the gut feelings to kick in, I'll just follow Vad's calls in th room and make a killing :)
[11:29] {backman} spread on MON was often 3+ cents....that's a 1/3 of a way to stop out before do you mange that?
01[11:30] {Threei}  smaller shares
[11:30] {thomcbell} there is some global demonstration later in May i believe against GMO food products
[11:31] {thomcbell} should be interesting for them
[11:31] {nemo} or try to get it closer to the bid or ask, depending on what you are doing
[11:31] {cipher} I try to capture the spread whenever possible
[11:31] {cipher} buy on bid sell on ask
[11:31] {nemo} yeah, cipher tries to get laid without buying her a drink
01[11:32] {Threei}  rofl
[11:32] {dptl} lol
[11:32] {cipher} how did you guess :)
[11:32] {Les} hehe
[11:32] {backman} I want to do his seminar next
[11:32] {jdetente} good work if you can get it
01[11:32] {Threei}  and guess what... has quite a rate of success
[11:33] {nemo} reminds me of Alex's boot story
01[11:35] {Threei} Long Setup:  TNA  .80 break hl
[11:35] {dino} ntap hod
01[11:35] {Threei}  If holds  .70
[11:36] {dptl} got .82
[11:37] {Les} god I love the games wall street plays
[11:37] {nemo} tsla might be an interesting short coming
[11:38] {cipher} CHTR  L.84
[11:39] {dino} ntap s .72
[11:41] {dino} cov .42, +.30
01[11:41] {Threei}  no go
[11:41] {dptl} stopped
01[11:41] {Threei}  doesn't seem to be my day really
[11:41] {patel} yeah
[11:41] {dino} sometimes the bear eats you
[11:41] {patel} this sucsk
[11:42] {jdetente} nice one dino
01[11:42] {Threei}  in this case, bull, dino :)
[11:42] {dino} :)
[11:42] {nemo} yeah, hair worn off the ankles kinda' day
[11:42] {dino} i was thinking russian bear
[11:43] {jdetente} not a bad day just kind of a blah day.
[11:43] {jdetente} thus far
[11:43] {Will49} hey Vad, could you tells us when it's not your day a little earlier? :)
[11:43] {nemo} yeah, reads not clean
[11:43] {nemo} but indexes do look short here, robably to vwap
01[11:43] {Threei}  sorry Will... haven't thought about it
[11:43] {cipher} out CHTR .06 +.22
[11:45] {dino} gj
[11:48] {cipher} chtr l .05
[11:50] {dino} aegr hod
[11:52] {cipher} ntes drop
[11:53] {nemo} indexes won't give up getting to new highs
[11:53] {nemo} vrtx
[11:54] {backman} GILD approaching new low
[11:55] {cipher} NTES L.69
[11:55] {dptl} Vad, take a look VLO what dod you see?
[11:55] {dptl} do
[11:56] {nemo} vrtx here
[11:57] {nemo} would like to see a retrace before shorting
01[11:57] {Threei}  short setup. 40 break
[11:57] {nemo} ask Dino?
[11:57] {dptl} looks good ?
01[11:57] {Threei}  chart wise yes
01[11:57] {Threei}  time of the day, meh
[11:57] {dptl} but?
[11:58] {dptl} i see
01[11:58] {Threei}  doesn't mean it's untradeable,
01[11:58] {Threei}  just be aware of lower odds, and decide how your day shapes up, whether you are willing to take it
[11:58] {dptl} but you wont take it
[11:59] {dptl} ok i see
[12:00] {dptl} i told my self just to wach and take only room calls for now :)
[12:01] {nemo} now your at lunch so everything more iffy
[12:01] {nemo} vrtx now has definitive range
[12:02] {nemo} what do yo see there dp?
[12:02] {dptl} .77 break short
[12:02] {nemo} stop
[12:02] {nemo} ?
[12:02] {dptl} .11
[12:02] {dptl} 77 .11
[12:02] {nemo} where is it likely to go before running into issues?
[12:03] {cipher} out NTES .89 +.20
[12:03] {dptl} around 76.70 ish i think
[12:03] {nemo} is that worth it on a R/R?
[12:03] {cipher} calling it a day
[12:03] {cipher} see you tomorrow
[12:04] {Will49} cheers
[12:04] {dptl} yes
[12:04] {Les} cheers ci
01[12:04] {Threei}  take care cipher
[12:04] {nemo} it's lunch time, what does that imply?
[12:04] {Will49} low volume?
[12:04] {dptl} ?
[12:04] {nemo} which means what?
[12:04] {dino} cya cipher
[12:05] {Will49} jumpy prices
[12:05] {nemo} he's off to buy her a drink
[12:05] {nemo} yeah, easy to move prices
[12:05] {dptl} and?
[12:06] {Will49} are patterns less meaningful?
[12:06] {nemo} easy to get shaken out, yes Will
[12:06] {Will49} so a good rule for we newbies is no trading during lunch?
[12:06] {nemo} well, it's definitely harder
[12:07] {nemo} edge is less defined
[12:07] {Will49} just paper trading then
[12:07] {Will49} to keep our screen hours up :)
[12:08] {nemo} trading has been choppy
[12:08] {dptl} hmm..for what...if that works, next you'll take it life and it wont work
[12:08] {nemo} yeah, just because a bad setup succeeds, it's still a bad setup
[12:09] {dptl} exzaktly
[12:09] {nemo} anyway....use Vad as a barometer, his reads have been iffy
[12:09] {nemo} And not to sound like the arrogant little prick that I am...
[12:09] {nemo} but, I've been expecting this from Vad
[12:09] {nemo} We're about to change over trading seasons, he always has an "iffy" two or three days in the change over
[12:10] {nemo} so, I look at the indexes, choppy
[12:10] {Will49} interesting
[12:10] {nemo} Vad having a ruff day
[12:10] {nemo} A+ setups only at the right time of day
[12:10] {dptl} see vrtx did exzaktly what we talked about
[12:10] {nemo} yep
[12:11] {nemo} Now, there have been a few good plays in aapl, and nflx and tsla, but those are rollercoasters
[12:12] {nemo} I think of it as skiing...Their are great double diamond slopes, doesn't mean I have the skill to ski them (I did) but you get my drift
[12:12] {nemo} Their=there
[12:12] {Will49} yeah
[12:12] {nemo} Dino trades Rorschach test type charts, I just look at them and go "WTF?"
[12:13] {dptl} lol  ye
[12:13] {jdetente} to mitigate risk today I've been taking a lot of half lots...since everything has been choppy
[12:13] {Will49} me too jd
[12:13] {nemo} makes perfect sense
[12:13] {Will49} in fact, exceeded my "uncle" point a while ago
[12:13] {Will49} so just paper trading now
[12:14] {Will49} as somebody said...are you in this to trade or make money
[12:14] {nemo} he is a wise man
[12:14] {Will49} i think it was you:)
[12:15] {nemo} ahhh...broken clock moment...I'm right about twice a day...less if you ask my girlfriend
[12:15] {Will49} :0
[12:16] {Will49} twice a day is very good for a gentleman of your vintage (with girlfriend i mean)
[12:16] {nemo} yeah...not worth the cost though  ;-)
[12:17] {Will49} must be worth it twice a day
[12:17] {Will49} i'm a twice a month guy now
[12:17] {nemo} I am driven more by the top of Maslow's hierarchy now
[12:17] {Will49} lol
[12:18] {Les} heh
[12:18] {nemo} arguably fas long here
[12:18] {nemo} Maslow was an asshole academic
[12:18] {dino} aegr wow
[12:19] {Will49} drew nice triangles though
[12:19] {nemo} wow and pharma has been taking it in the pooper today
[12:19] {dptl} if you ask me ,i dont even know what you are talking twice a day twice a
[12:19] {Will49} i'll bet you don't :)
[12:19] {Will49} you horny russian!
[12:19] {nemo} sure ain't drinking
[12:20] {dptl} i just have Ese band picture on my screen
[12:20] {Will49} lol
[12:20] {nemo} you have serious issues
[12:20] {Will49} keep you hands on the keyboard
[12:20] {dptl} lol
[12:21] {nemo} tsla at resistance
01[12:22] {Threei}  he needs no hands, his power of imagination rivals that of nuclear physicists
[12:22] {Will49} lol
[12:23] {dptl} lol
[12:23] {RonS} wow...Deadly Texas twister classified as powerful EF4; winds up to 200 mph, weather service says
[12:23] {Will49} yikes
[12:23] {nemo} wish they had those in Switzerland
[12:23] {Will49} one track mind
[12:23] {RonS} heard blew houses off foundation...
[12:24] {Les} bit lame ain't it will...
[12:24] {Will49} if nemo can concentrate on rapid price changes the way he does on you, he's got to be good
[12:25] {Les} you mean he can?
[12:25] {nemo} I have an ingrained default setting for Les
[12:25] {Will49} you have me to blame Les
[12:25] {backman} all this twice a day stuff....jeez, has anyone seen Alice?
[12:26] {Will49} i run up against nemo in my first few weeks here, but learned that he was too much for me
[12:26] {Will49} so, I just backed off and played nice
[12:26] {Will49} ever since he's look elsewhere
[12:26] {Will49} and then you surfaced again
[12:26] {RonS} tough to beat a legend in his own mind...
[12:26] {Will49} he's like a kid in a candu store
[12:27] {Will49} candy
[12:27] {nemo} no, I just like beating small animals and children...figuratively of course
01[12:27] {Threei}  bull in a candy store... how's that for a mixed metaphore?
[12:27] {Les} pyjama time back for closing hour
[12:27] {Will49} don't go away Les...just go away
[12:28] {Will49} well, i'm off for a s/s/s/s be back in half
[12:29] {nemo} go grab blanky
[12:31] {backman} any read on JPM?
01[12:31] {Threei}  not whatsoever
01[12:31] {Threei}  bobbing up and down in a very calm waters
[12:31] {RonS} lol Will...
[12:32] {_fish_49} Like a fish
[12:32] {backman} not enough consolidation for JBE, or the upside down one?
[12:33] {_fish_49} u mean DBI?
[12:33] {backman} yes
01[12:33] {Threei}  for JBE, where is J?
01[12:33] {Threei}  for DBI, where is D?
[12:33] {dino} suss hl l .20
01[12:33] {Threei}  I only see B in the middle of nowhere
[12:33] {_fish_49} lol
[12:33] {_fish_49} no J  no D
[12:33] {RonS} true story...I say look at that grocer selling chicken breast 2X everyone else...wife says...maybe they are grass fed...
[12:34] {backman} break of .53 high. .49 for downward?
01[12:34] {Threei}  my first assumption would be, maybe he sells 4d?
01[12:34] {Threei}  this is total shot in the darkness, bman
01[12:34] {Threei}  there is just no setup
[12:35] {RonS} response...when have you seen chickens eat grass...response...maybe extra cost is in the training
[12:35] {backman} will continue reviewing 111....whilst i sit on my hands
01[12:35] {Threei}  lol Ron
[12:36] {RonS} ...though was arguing w/ nemo...:)
[12:36] {_fish_49} Organic Chickens Ron
[12:36] {_fish_49} Pay more for Organic
[12:36] {_fish_49} lo
[12:40] {nemo} looking for index long setups here
[12:47] {nemo} could argue tna long break of .45 here stop under .40
[12:48] {nemo} indexes often have inflections at this time of day
[12:52] {backman} watching CAT for break of .84
[12:54] {dptl} i think .90 better
[12:56] {dptl} nah
[12:56] {dptl} still choppy
[12:57] {nemo} figures, I get a bite to eat when it breaks
[12:58] {_fish_49} yea nemo if u took it, you would be at 1:1
[12:58] {nemo} sucks being me
[12:59] {Will49} ron...woman goes into butcher shop, says "how much is your chicken" butcher says 1.29 a pound. woman says, that's rediculous, your competitor down the street is selling for .79/pound. Butcher..."why don't you go back and get some?" Woman...he's all out!
[12:59] {dptl} lvs weak bounce on this
[12:59] {_fish_49} thats what Les  said  while u were away
[12:59] {Will49} Butcher..." well lady, if I was all out, i'd sell it for .79 also"
[12:59] {dptl} lol
01[13:00] {Threei}  hah
[13:00] {nemo}  mmhhh, we going lower
01[13:00] {Threei}  here is real life story
01[13:00] {Threei}  guy e-mails me
[13:01] {nemo} hw do you know it's a guy?
[13:01] {_fish_49} please dont share my email Vad
[13:01] {_fish_49} lol
[13:01] {nemo}  unh looks short here
01[13:01] {Threei}  "I want your 111 Trades course, but the price is puts me off. I see a trading course on Groupon for $14.99, 90% discount!"
[13:01] {_fish_49} hahahahah
[13:01] {_fish_49} hahahahahah
[13:02] {patel} is it the 111 trades course
01[13:02] {Threei}  I couldn't help myself and asked why won't he buy it
[13:02] {Will49} they're all out
01[13:02] {Threei}  he gave the best answer setting up my reponse
[13:02] {patel} Damn I always knew Les was a good bargainer.
[13:02] {_fish_49} even if they were out they would still sell for 14.99
[13:02] {RonS} used that line all of the time when was in big ticket retail Will...
01[13:02] {Threei}  "Well, to be hinest it's a crapppy course"
[13:02] {_fish_49} huh?
[13:03] {nemo} up sell him to Taoist Trader
[13:03] {_fish_49} I was just getting ready to order it
01[13:03] {Threei}  so I coudn't help myself again and responded: if my course was crappy, I would be selling it 14.99 too
[13:03] {Will49} lol
[13:03] {_fish_49} ohhhh  his  course  was crappy
01[13:03] {Threei}  almost exact copy of that joke :)
[13:03] {patel} Reply back and tell him why spend 14.99 when u can get it free torrenting it.
[13:04] {_fish_49} Great Idea Patel  lol
[13:04] {_fish_49} Vad its  slow  now  can I tell the quick story about when you got fired from the russian coast guard?
[13:04] {Will49} this otta be good
01[13:04] {Threei}  hmmm... ok, I am curious, lol
[13:05] {_fish_49} Vad was working the night shift when a call came over the radio.  PON PON PON May Day  We are sinking  I repeat we are sinking
[13:05] {_fish_49} Vad comes on radio and asked the captian "What are you sinking  about?
[13:05] {Will49} haha
01[13:06] {Threei}  lol
01[13:06] {Threei}  you are joking but here is one from real life
01[13:06] {Threei}  th and s are tough for foreigners, yes,
01[13:07] {Threei}  but just as tough is a difference between ee and i (in closed sykkable)
01[13:07] {Threei}  so, sheep and ship, we russians tend to pronpunce the same
01[13:07] {Threei}  now, imagine how it works for you when you try to buy SHEET of plastic
[13:08] {Will49} lol
[13:08] {_fish_49} would sink also
[13:08] {_fish_49} lol
[13:11] {_fish_49} got kicked  from Mirc
01[13:11] {Threei}  btw fish, speaking of mirc, you ever got the sound alert working?
[13:12] {_fish_49} it was alerting  yes  but  it makes a sound everytime anyone types
01[13:12] {Threei}  ok, here is how to make it alert specific word by specific person
[13:12] {_fish_49} I was looking for a way to make it only beep when you type
01[13:12] {Threei}  highlight my nivk in the right column, right click on it,
[13:12] {dptl} just keep window active and it wont
[13:12] {_fish_49} not that I don't want to read what others  say but  I use two monitors  and  all charts on right side monitor and don't want  to miss a call
01[13:13] {Threei}  in dropdown menu you will see either Info or Ucentral, depending on version
01[13:13] {Threei}  click on it, in new window click tan Highlight
01[13:13] {Threei}  tab
03[13:13] * Looking up _fish_49 user info...
01[13:14] {Threei}  in that check Enable, click Add
01[13:14] {Threei}  in that window you'lll see Sound, and can type a word "setup"
01[13:14] {Threei}  so it will play the sound when I type "setup"
[13:15] {_fish_49} ahhh  ok   should I add Sheepup  too?
[13:15] {_fish_49} will try that  now
01[13:15] {Threei}  alex, any luck with mirc?
[13:19] {dptl} i did something simpler,cant remember what, but it bibs only when you type....and no metter what you type set up or anything else
[13:20] {_fish_49} MIRC working fine last few days  Just got kicked out and cant connect with mirc now.
[13:20] {_fish_49} anyone else using mirc?
[13:20] {patel} I am on MIRC
[13:20] {dino} yes
[13:20] {_fish_49} no issues?
[13:20] {patel} HFC short?
[13:20] {dino} nope
01[13:21] {Threei}  yes, .60 short, hl
01[13:21] {Threei}  if holds under .70
[13:23] {Will49} mirc works for me
[13:24] {dptl} still valid ?
01[13:24] {Threei}  yes
[13:24] {Will49} after cc8 spent an hour setting it up for me
01[13:24] {Threei}  mirc resides on your comp, it's not a third party middleman like mibbit
01[13:24] {Threei}  it doesn't work only if our server is down
01[13:25] {Threei}  while mibbit adds a stwep inbetween
[13:25] {patel} however, if you have hte latest version of mIRC, it will lock you out after the trial.
01[13:25] {Threei}  really?
[13:25] {patel} yup
01[13:25] {Threei}  wow
01[13:25] {Threei}  they had this for free forever, just nagged you on launch
[13:25] {patel} yeah after teh trial
01[13:25] {Threei}  can you get previous version still?
[13:25] {patel} it delayed before connection fora bout a week
[13:26] {patel} then it just stopped
[13:26] {patel} I found a crack
[13:26] {patel} that took care of that issue.
01[13:26] {Threei}  of course you did... lol
[13:26] {_fish_49} right now  I just get the "Connecting  Issue"
01[13:26] {Threei}  I've never seen that
[13:27] {_fish_49} the reason some have a difficult time with the instructions on the website is, the instructions are for a much older version
01[13:27] {Threei}  I think so... but that's what I use
01[13:27] {Threei}  if you can make corrections for a new one, I'll gladly replace the file
01[13:28] {Threei}  I'd really prefer a downloadable configuration even
[13:29] {_fish_49} don't do it on my account  I have it working  (Except at the moment")  today is my last day in the free week  so I will get it running before joining the room on a full time basis
[13:29] {patel} fish, advice for you
01[13:29] {Threei}  I'll ask programmers
[13:29] {patel} dont try to sneak another free trial on Vad
[13:29] {_fish_49} Yes sir Mr Patel?
[13:29] {patel} he somehow figures it out.
[13:29] {patel} haha
[13:30] {_fish_49} He has your IP address  lol
01[13:31] {Threei}  patel is having fun on accoutn of our recent adventure, fish...
01[13:31] {Threei}  a guy who tried 5 different ways to get repeat trial
[13:31] {patel} I forgot that guy's name.
01[13:31] {Threei}  changing e-mails, names, and even IPs
[13:31] {_fish_49} I ahhh  He wanted the monthly fee of $14.99?
01[13:32] {Threei}  no, different one :)
[13:32] {_fish_49} lol
[13:32] {patel} yeah I dont even think that guy would pay 14 bucks for anything.
01[13:32] {Threei}  funny thing was that he even sent an e-mail full of righteous indignation
[13:32] {_fish_49} so was there someone  trying to get a free week?
01[13:33] {Threei}  yeah, time and again
[13:33] {_fish_49} I guess I did  get a free week  since  I had one  2.5 years  ago
[13:33] {patel} Ravi right?
01[13:33] {Threei}  ravi, the reshi
01[13:33] {Threei}  then something else
[13:35] {patel} that HFC still basing
01[13:36] {Threei}  that's fine fish, one trial a year is a rule
[13:37] {_fish_49} C?
01[13:37] {Threei}  C looks like long to me
[13:38] {_fish_49} yes
[13:38] {_fish_49} I'm late
01[13:38] {Threei}  no
01[13:39] {Threei}  right here with stop under .10
01[13:39] {Threei}  odds are so so but risk is negligible
01[13:39] {Threei}  typical midday setup
[13:46] {dptl} ok HFC invalidated now
01[13:46] {Threei}  yeah
[13:47] {nemo} expe consolidating at lows
01[13:52] {Threei}  C slowly trying
[13:52] {_fish_49} yes
[13:52] {_fish_49} the volume not here  yet
01[13:52] {Threei}  this kind of trades is really more suitable for scalp type I
[13:53] {_fish_49} yep  Im set up to be out in full
[13:53] {dptl} ye..i am not playing that
[13:53] {_fish_49} out 1:1
[13:54] {nemo} joy interesting, possible long break here
[13:56] {dino} aegr sm s .70 wide
[13:57] {RonS} evil...
[14:02] {nemo} these are fun moves
[14:02] {dino} aegr stop, thing is nuts
[14:03] {nemo} why are bids chasing this lack of volume
[14:04] {_fish_49} good question  everything  I look at has very low volume
[14:05] {nemo} gotta make new yearly highs every day I guess
[14:05] {_fish_49} or I should say lower than average
[14:05] {_fish_49} whre are the new buyers coming  from
01[14:05] {Threei}  C 10 cents
[14:05] {_fish_49} was there money on the sideline?
[14:05] {nemo} that's just smoke and mirrors
[14:06] {Alexs} just read your question Vad. Haven't tried mirc again yet
[14:06] {_fish_49} I took it 1:1  vad  I had a stop of .10  got it  at .15 got out at .20  thanks
[14:06] {_fish_49} stop of  .10
01[14:07] {Threei}  OK
[14:07] {backman} so glad i gave up shorting CAT for scalps earlier....wish I'd had the presence to go long...sigh
01[14:08] {Threei}  alex, we are trying to see if we can create preconfigured mirc file
[14:08] {_fish_49} ah great Idea
01[14:08] {Threei}  so you could dpownload it and have it connecting without configuring it yourself
[14:08] {Alexs} I wait for it
01[14:08] {Threei}  if possible, will be a good help
[14:08] {nemo} do him a favor and have it set to block Les
01[14:09] {Threei}  as a bonus it will come with feature - autoslapping nemo woth trout on connecting
[14:09] {_fish_49} If I were a programmer  I would pre configure it  to log into Nemos account and take all his dough
[14:09] {nemo} I drive to Maryland 2 or 3 times a year
[14:09] {_fish_49} ok save me the programming headache  just bring dough with you
[14:09] {_fish_49} lol
01[14:10] {Threei}  and for Les the trout will be frozen solid, so he enjoys slapping nemo the most
[14:10] {nemo} I'll bring my buddies Mossberg and Remington
[14:10] {_fish_49} Ohhhhh  In that  case forget it
[14:11] {_fish_49} I carry but neither of those
[14:11] {_fish_49} lol
[14:11] {nemo} in Maryland?  oy vay
[14:11] {_fish_49} Law Enforcement
[14:11] {_fish_49} 25 years  Fed
[14:11] {nemo} ahhh....what they give you for carry?
[14:11] {_fish_49} they don't give
[14:11] {_fish_49} Have  to buy
[14:12] {nemo} wow...what u buy?
[14:12] {_fish_49} you wont like it
[14:12] {_fish_49} lol
[14:12] {nemo} so
[14:12] {dptl} GDX
[14:12] {nemo} wow
[14:13] {Alexs} jnj long .72?
[14:14] {_fish_49} why the wow  on GDX?
[14:14] {nemo} the indexes
[14:15] {_fish_49} was there a set up there on GDX?  teach me
[14:16] {_fish_49} my chart shows it could have went both ways
[14:16] {dptl} ye preatty much
[14:17] {nemo} having said that, see that volume spike at 14:06 or so to the downside
[14:17] {nemo} only got it to break that level on 1 1minute bare
[14:17] {dptl} yes
01[14:17] {Threei}  JNJ is nice chart
[14:17] {nemo}  then volume built and it broke the .65 level
[14:17] {nemo} you'd go long
[14:17] {_fish_49} thanks Nemo
01[14:18] {Threei}  just nit sure it's a good time for this kind if breaks
[14:18] {nemo} we're coming out of lunch probabilities getting higher
[14:18] {Alexs} k
[14:18] {nemo} on JNJ see what you mean Vad
[14:19] {nemo} levels breaking since 10:45 have basically retraced
[14:19] {nemo} buy support
[14:24] {_fish_49} Level 2  shows very little resistance  why no pop?  no volume?
[14:24] {nemo} what, on GDX?
[14:25] {nemo} it's been flat since 12:00
[14:25] {_fish_49} JNJ
[14:27] {nemo} it's near resistance on the 15 minute chart, need enough volume to move it through there,  action in indexes been choppy all day no real momentum in the market.  Although it isn't directly pharma, pharma has been taking it the chin today
[14:28] {dptl} LYB
[14:28] {_fish_49} great point  I see the 60 minute chart shows resistance  also  But  when I was looking at Level 2  there were very small amounts  on the offer and it  couldn't  eat them up
[14:28] {_fish_49} turned away
[14:29] {dptl} whats with vlo?
[14:29] {_fish_49} vlo?
[14:29] {_fish_49} Vol?
[14:29] {_fish_49} most bars below average
[14:30] {_fish_49} oh  VLO  the ticker  sorry
[14:31] {dptl} ye valero
[14:33] {_fish_49} broke the high of the day and turned south
[14:33] {_fish_49} but  higher than normal volume  on last 4 bars
[14:33] {dptl} pulling back with lower volume
[14:34] {dptl} may be bounce play on it
[14:34] {nemo} they just can't let this day go without making new highs, can they?
01[14:35] {Threei} Short Setup: GDX  .60 break
01[14:35] {Threei}  If holds  .70
01[14:35] {Threei}  might be on and off setup, until finally triggers
[14:40] {dptl} well i have to go unfortunatly....see ya all tomorrow
01[14:40] {Threei}  take care dp
[14:40] {Will49} be good
[14:41] {_fish_49} cya  DP
[14:42] {dino} cya dp
01[14:42] {Threei}  (CA) Canada PM Harper: All risks to the Canada economy are 'external'; measures taken to lower household debt are succeeding- The facts are overwhelmingly in favor of the Keystone Pipeline being approved. -
[14:42] {Will49} can take your hands off the keyboard now :)
01[14:42] {Threei}  you guys realize that Canada is likely to take you over any minute now?
[14:43] {Will49} can hardly wait to get our hands on the US Navy
[14:43] {Will49} from 3 ships to hundreds overnight
[14:44] {_fish_49} Vad what u Sinking about?
01[14:44] {Threei}  that's when we finally play warships, will
[14:44] {Will49} all based in Victoria
[14:44] {nemo} did you hear Tsaraevich wrote a note on the boat before they captured him
01[14:44] {Threei}  look at the banner at the top of the room, fish :)
[14:45] {_fish_49} scary
01[14:45] {Threei}  no... what was it?
[14:45] {_fish_49} something about dungeons
[14:45] {_fish_49} set traps Interrogate prisoners
[14:45] {nemo} typical Muslim extremist stuff
[14:46] {_fish_49} pic of a man looking Ram
[14:46] {_fish_49} we are in GDX right?
[14:46] {_fish_49} I took a cr break and it filled
01[14:46] {Threei}  yes
[14:46] {nemo} fas probably long above .34 if it holds here
[14:46] {Les} what we in?
01[14:47] {Threei}  GDX
01[14:47] {Threei}  and coma
[14:47] {_fish_49} now banner is  hot looking  girl
[14:47] {_fish_49} Wartune
01[14:47] {Threei}  and in cvase you missed it Les... we are working on mirc preconfigured file that for you qwill slap nemo with frozen trout first thing on connecting the room
[14:48] {Les} GDX .60 break?
01[14:48] {Threei}  yes
01[14:48] {Threei}  that's not what I meant fish... I don't see those in mirc
[14:48] {_fish_49} Im no longer in Mirc
[14:48] {_fish_49} lol
01[14:48] {Threei}  I meant a slogan you read upon entering the room
[14:48] {Les} but I won't get to see it
[14:48] {Les} I need to see me slapping Nemo
[14:48] {_fish_49} I was DC'd  from mirc  and couldn't  get back in
[14:48] {_fish_49} im using the mibbit app now
[14:51] {Les} oh ok I get to see the slap. that's fair then
[14:51] {patel} Whati s up with GDX
[14:51] {Les} put up GLD chart next to it patel
01[14:52] {Threei}  JNJ wopuld have been a trap, alex
[14:52] {Alexs} yes I see
01[14:53] {Threei}  notice, it happens even though chart was formally good
01[14:53] {Threei}  this is how you are adjusting to the market condition
01[14:53] {Threei}  some setups are just not suitable for certain markets
[14:55] {backman} CAT selling after the spike came back to all the came back through all the lower price targets i had earlier in the day
[14:57] {_fish_49} Bman  are you saying it  took out all your support lines?
[15:02] {backman} fish, i had earlier targets when scalping it....if it didnt reach it,i got out at breakeven...was looking for cover twixt .01-.03 when scalping in teens....came back to them during this breakdown
[15:02] {_fish_49} ok
[15:02] {patel} Vad any targets on GDX or just play by the book.
[15:03] {dptl} ok can stay for another hour
[15:03] {nemo} Vad, think index longs worth a shot here?
[15:03] {Will49} target=survive the boredom
01[15:03] {Threei}  it has a lot of air under .50 support... I'd think 1:3 is realistic, and 1:3 is not out of question
[15:03] {Will49} that makes sense
[15:04] {Will49} i get grumpy when reduced to paper trading
[15:04] {backman} i get grumpy to start the day
[15:04] {dptl} i'll try to get in on pull back may be
01[15:05] {Threei}  I never cease to be grumpy
[15:05] {Will49} we're in the right place bman
[15:07] {nemo} thinking tna above .40 if it holds .35
[15:07] {nemo} well, that didn't take long
[15:10] {dptl} trying to get in at .58 not filling
[15:11] {nemo} tastes great
[15:11] {dptl} in
[15:11] {nemo} expe two way here
[15:12] {nemo} below .50, above .55
[15:12] {patel} dp u in GDX
[15:12] {dptl} yes
[15:13] {dptl} you not gonna leave me behind / :)
[15:13] {patel} stop still .60
[15:13] {patel} I mean .70
[15:14] {_fish_49} Vad  are u watching Level 2 on GDX?
01[15:15] {Threei}  as a general reference
01[15:15] {Threei}  not as a directional indicator
[15:15] {_fish_49} ok
[15:19] {Les} TNA is ack to 49
[15:19] {nemo} mmmhhhh, expe held up in that downdraft, and now lets go
[15:19] {Les} iwm 98
[15:19] {Les} spy .50
[15:20] {dptl} still .70 stop right Vad?
01[15:21] {Threei}  thinking it's time to move it closer
01[15:21] {Threei}  after all it touched within 2 cents of 1:1
01[15:21] {Threei}  let's tighten to .66
[15:21] {dptl} k
01[15:21] {Threei}  SPY drops
01[15:21] {Threei}  need GLD to drop too
01[15:22] {Threei}  and GDX should finally follow
01[15:22] {Threei}  (US) Fed's Williams (dove, FOMC non-voter): Job market has not improved enough as of yet, Fed may be able to taper bond buying as early as this summer
01[15:22] {Threei}  thisa must be what's killing market now
01[15:22] {Threei}  but gold should do the same on this
01[15:23] {Threei}  and it doesn'r
[15:25] {Les} l tna .90 holding .80
[15:26] {nemo} nothing anywhere yet
[15:27] {nemo} taht's serious spy volumes
[15:27] {Les} wow I thought the two bars before were good
[15:27] {nemo} you should be ok now Les
[15:27] {nemo} oh oh, that was fake volume bar, wtf
[15:28] {Les} get up there you c/&%s!!
[15:28] {Les} my old sergeant. will never forget him
[15:28] {nemo} he give you a reach around?
[15:28] {Les} lol
[15:28] {RonS} sheesh...
[15:29] {Les} with his boot. mean Muay Thai kick
[15:29] {Will49} is a reach-around what I think it is?
[15:29] {jdetente} uh oh
[15:29] {nemo} Ever see Full Metal Jacket?
[15:29] {Will49} no
[15:29] {Les} ex-SAS sergeant who had a problem with authority
[15:29] {Will49} i'm a peace-nic
[15:30] {nemo} that's alright I like sheep
[15:30] {Will49} thought so
[15:30] {RonS} lol
[15:30] {Les} out tna remainder
[15:30] {Les} market don't look so good here
[15:30] {RonS} can tell he's from the East...
[15:30] {_fish_49} good call Les  u got 1:1 right?
[15:30] {Les} maybe DB maybe not
[15:31] {Les} scalp
[15:31] {RonS} Montana...where men are men and the sheep are nervous...
[15:31] {Les} yeh, not showing strength like yesterday
[15:31] {nemo} honest officer, I was just helping it over the fence
[15:31] {Will49}
01[15:31] {Threei}  rofl ron
[15:31] {jdetente} good one Ron
[15:31] {jdetente} lol
[15:31] {nemo} old joke
[15:31] {jdetente} Brokeback Mountain was Montana right?
[15:32] {Les} db setup in SPY vad?
[15:32] {Will49} could hardly watch that movie
[15:32] {Will49} wife made me go
01[15:32] {Threei}  not sure Les
[15:32] {_fish_49} good one will
[15:32] {_fish_49} wife made me see titanic  also  lol
[15:32] {nemo} likely story
[15:32] {Les} damn fine film I thought
[15:33] {Will49} lol
[15:33] {nemo} yeah, I never saw Titanic
[15:33] {Les} Heath Ledger died too damn young
[15:33] {Will49} retribution
01[15:33] {Threei}  I was told naked women run all over the decks whole movie... so I went to see it
[15:33] {nemo} unfortunately we can't say the same about Les
01[15:33] {Threei}  can't forgive my wife for that ever since
[15:34] {nemo} Kate's a healthy girl
[15:34] {Les} no one will miss me nemo
01[15:34] {Threei}  just one, and just once, nemo
[15:34] {Will49} snif
[15:34] {_fish_49} Im out GDX  thanks Vad
01[15:34] {Threei}  now "whole movie, all around"
01[15:34] {Threei}  yw fish
01[15:34] {Threei}  now = not
[15:34] {nemo} it would be like getting rid of an extended case of jock itch Les
[15:35] {Les} could be new tna .00 setup here
[15:35] {Les} higher low holding .90
[15:35] {_fish_49} Gotta run
[15:35] {nemo} yeah, I just don't like the levels overall Les
01[15:35] {Threei}  but I have to say, she sure knows how to get me in the movies
[15:35] {_fish_49} My trial is over  See you guys  in August  possibly  July
[15:35] {Will49} fish...just out in time
[15:35] {nemo} how does a fish run?
[15:35] {_fish_49} thanks for the fun and  thanks for the education
[15:35] {Les} ah no forget it
[15:35] {Will49} peace fish
[15:35] {Les} spy next leg donw
[15:36] {Les} ciao fish
01[15:36] {Threei}  take care fish
[15:36] {_fish_49} good point Nemo
[15:36] {_fish_49} bye
[15:36] {nemo} off to the Chesapeake
01[15:36] {Threei}  1:1 finally
[15:37] {dptl} out half
[15:37] {nemo} o.k. bounce time coming
[15:37] {dptl} shhhhh
01[15:37] {Threei}  see... bo fb
01[15:37] {Threei}  no db
01[15:37] {Threei}  breakdown instead
01[15:37] {Threei}  had this ominous feel to it
[15:38] {nemo} S1 across the board here
01[15:39] {Threei}  I really want 1:3
01[15:39] {Threei}  that would make me flat for the day
[15:39] {dptl} me to
[15:39] {dptl} well not flat but better
01[15:40] {Threei}  you are already better... that's not enough :)
01[15:40] {Threei}  we want much better
[15:42] {dptl} :)
[15:44] {dptl} stop as usual for now?
01[15:45] {Threei}  yes, .61
[15:45] {dptl} just not much time left
01[15:46] {Threei}  yes
[15:46] {Les} Dumb idiot europeans. steal russian money, invite russian military
[15:46] {Les}
01[15:46] {Threei}  I figure, we simply manage it by price or time now, whichever comes first
01[15:53] {Threei}  5 min GDX
[15:57] {dptl} amagine if i fell a sleep now
[15:57] {Les} Angela Merkel is a sleeper agent put in place by KGB at end of cold war. That's a new one...
[15:58] {Les} she certianly doing a good job of it
01[15:58] {Threei}  ok... saved by the bell
01[15:58] {Threei}  out
[15:58] {dptl} out
01[15:58] {Threei}  thank you all, have a good evening
[15:58] {Will49} cheers guys!
[15:58] {dptl} gn all
01[15:58] {Threei}  see you tomorrow
[15:58] {nemo} Les...take a long weekend
[15:59] {jdetente} cheers all
[15:59] {Les} is it a long weekend?
[15:59] {Les} :P
[15:59] {Les} cheers