Tuesday, May 28, 2013

May 28 2013

As it's often the case with big gap up days, this one wasn't our trading environment. Despite couple good 1:3 shorts on GDX, finished in the red ad too many of setups got little follow-through.


Session Time: Tue May 28 00:00:01 2013
[08:49] {nemo} Vad...Dino...go back to bed...
[09:00] {Les} WAKE UP YOU SHEILAS!!!!!!!!
[09:01] {backman} brap!!!
01[09:01] {&Threei}  sigh
[09:01] {backman} gm
03[09:01] * Retrieving #discussions modes...
[09:01] {Les} another wet and miserable good afternoon to all
01[09:01] {&Threei}  ok... morning guys
[09:01] {Les} face it vad and get it over with
[09:02] {Les} silver futures shaping up as small head and shoulders
[09:02] {Les} gold, inverted cup and handle
[09:02] {backman} when GDX goes to 0, will we still be able to short it?
01[09:03] {&Threei}  intio oblivion
01[09:03] {&Threei}  intio darkness
[09:04] {backman} back to the tunnels and chunnels from whence spawned
[09:04] {Les} well I guess it'd prove somewhat cheaper to load up for the longs at that price bman :)
[09:04] {nemo} GO BACK TO THE SHADOW!!!
[09:05] {Les} what u on about bunny boy?
[09:05] {dptl} gm
[09:05] {cipher} gm
[09:05] {Les} yer best gandalf impression?
01[09:06] {&Threei}  dp, cipher :)
[09:06] {nemo} Backman triggered the memory
[09:06] {Les} tis a great moment of film history
[09:07] {dino} gm
01[09:08] {&Threei}  dino :)
[09:09] {Les} http://blogs.wsj.com/moneybeat/2013/05/28/can-dollar-love-last/
[09:09] {Les} everyone loves uncle buck now
[09:11] {stevw} g'mornin
01[09:11] {&Threei}  stev :)
[09:13] {Les} interesting to see analysts calling for sony to leave electronics market. Still like playing games meself, but realised these overpriced standalone boxes MSFT, SNE are selling are dead as market products. Told the kids to stop bugging for new ones.
01[09:13] {&Threei}  what would sony do then?
[09:14] {Les} they're most profitable venture is selling insurance in japan
[09:14] {Les} their
[09:14] {Les} go figure
[09:14] {Les} their films make money, so does selling music, but not electronics
[09:15] {Les} the world is changing again
[09:15] {nemo} yeah, you're one day closer to death
[09:15] {Les} seems like yesterday the yellow sony cassette walkman came out
[09:15] {Les} yeh, which makes such discussions as sony's profitability moot
[09:17] {ese} morning
[09:18] {_fish_49} gm all
[09:18] {Alexs} gm
01[09:18] {&Threei}  ese, fish, alex :)
[09:19] {RonS} hi y'all...
[09:19] {Will49} gm
01[09:19] {&Threei}  ron, will :)
[09:20] {RonS} the horror...Moody's sees Caribbean defaults in debt worse than Cyprus
[09:23] {jdetente} gm
01[09:23] {&Threei}  jd :)
[09:27] {stevw} ok, are you guys rested and ready for this gap-up open?
[09:28] {Will49} aye aye sir!
[09:28] {stevw} rock and roll
[09:28] {nemo} go back to sleep
06[09:28] * Les offers stevw a valium
[09:28] {stevw} that was yesterday on the tsx
[09:29] {nemo} this kind of gap up is usually boring trade
[09:29] {nemo} europe up last two days, and just went higher
[09:29] {Will49} oh no...run away, run away
[09:29] {nemo} we're already at R3 for the day on SPY
01[09:31] {&Threei} Long Setup:  AIG  .60 break
01[09:32] {&Threei}  If holds  .50
01[09:32] {&Threei}  Invalidated
01[09:32] {&Threei} Long Setup:  GDX  .35 break
01[09:32] {&Threei}  If holds  .30
[09:34] {dino} out gps leftovers .98, +.47
01[09:34] {&Threei}  meh
[09:36] {thomcbell} looking for splk long setup here
01[09:37] {&Threei} Long Setup:  C  .55 break
01[09:37] {&Threei}  If holds  .45
01[09:41] {&Threei}  1 cent to 1:1?
01[09:41] {&Threei}  sigh
01[09:43] {&Threei} Long Setup:  GDX  .35 break
01[09:43] {&Threei}  If holds  .25
01[09:45] {&Threei}  hate these gap and stall days
[09:47] {thomcbell} splk
[09:48] {thomcbell} darn
[09:48] {Les} iwm wants 100 again
[09:49] {Les} tza 30 recross
[09:49] {Les} if holding .95
[09:51] {dino} not finding anything
[09:51] {nemo} trading tza, not sure if ballsy or just stupid right now
[09:51] {dino} i like it
[09:51] {Les} want 2 3 min candles holoding within .05
[09:51] {nemo} if the housing report is good...?
[09:55] {backman} C apporaching morning low
01[09:55] {&Threei}  well GDX
01[09:55] {&Threei}  you might still be good for something
01[09:55] {&Threei}  1:1
[09:56] {RonS} took gdx .30 aggressive w/ 5 cent stop out .46 +.16 thanks 3i...
01[09:56] {&Threei}  :)
[09:56] {Les} taking too long. market waiting for yer news nemo
[09:57] {Les} quick shot on the news takes it too 100 stops
[09:58] {nemo} got to squeeze any shorts that thought this was the top
[09:58] {Les} yeh
[09:59] {nemo} short setup here before the report
[09:59] {nemo} good report
01[09:59] {&Threei}  *(US) MAY CONSUMER CONFIDENCE: 76.2 V 71.0E
01[10:00] {&Threei}  *(US) MAY RICHMOND FED MANUFACTURING INDEX: -2 V -4E
[10:02] {Les} next reversal potential .75 tna around 100 for iwm
[10:02] {Les} tza
[10:03] {dino} tza sm l .90
[10:07] {Les} lets see the dt
[10:09] {dino} gtls spike
[10:10] {Les} l .82 holding .75
[10:10] {Les} tza
[10:10] {nemo} here's our short setups
[10:12] {Les} half out .89
[10:12] {Les} dunno if we've hit index top yet
[10:13] {Les} not taking a loss here
[10:13] {nemo} strong day, scalp shorts, weak day, scalp longs
[10:13] {Alexs} interesting that moneyflow is still negative at these levels, people more selling
[10:13] {Les} yeh hardest thing Nemo is switching mindset
[10:13] {Les} need you to kick me sometimes
[10:14] {Les} to switch over
[10:15] {Les} got the SOP's written out for trial and error, but mindframe doesn't obey SOP's.... yet
[10:15] {nemo} TIF interesting if market comes in
[10:15] {Les} 2h stop flat
[10:15] {nemo} think IWM led to 100, now spy leads to 168
[10:16] {cipher} lbtya l .21
[10:16] {Les} 3 min macd price divergence. if it don't drop here its a squeeze
[10:17] {cipher} out lbtya .26 +.05
[10:20] {cipher} dino dcc
[10:22] {Les} potential TZA entry here but indexes seem cosy with up
[10:23] {dino} tza stop .73 -.17
[10:23] {Les} vol. price spike TNA into 52
[10:23] {nemo} nothing now until spy gets to 168
01[10:23] {&Threei} Long Setup:  JPM  .55 break
01[10:24] {&Threei}  If holds  .45
[10:24] {dino} ok cipher
[10:25] {cipher} AGNC L .21
[10:26] {dino} amwd spike
[10:28] {cipher} amwd l .12
01[10:31] {&Threei} Short Setup: SLW  .45 break
01[10:32] {&Threei}  If holds  .55
[10:32] {cipher} agnc stopped .23 +.02
[10:33] {~KSystems} holla
01[10:33] {&Threei}  hey KS
01[10:35] {&Threei} Long Setup:  FCX  .75 break
01[10:35] {&Threei}  If holds  .70
[10:39] {Les} stealth top what a rip off. lets see if it makes another go
[10:40] {dino} bdl drop
[10:41] {cipher} BDL  L.48
01[10:43] {&Threei}  FCX, dirty rotten scoundrel
01[10:44] {&Threei}  you too SLW
01[10:44] {&Threei}  invalidations all around
[10:45] {dino} tza sm l .90
[10:45] {nemo} Hah, I was thinking indexes long here
[10:46] {dino} :)
01[10:46] {&Threei}  I dpon't know how you even decide between long and short here :)
[10:46] {RonS} my feeling too...
[10:46] {nemo} system vad
[10:48] {dino} nemo right, i'm wrong
[10:49] {nemo} My reasoning, hammer, both SPY and FAS came into VWAP.  IWM made a doji where spy AND fas made hammers
[10:49] {nemo} having said thtat, looks like we probably flatten out here for a while
[10:50] {dino} i am letting it ride, w/stop at .65
[10:50] {nemo} look at Europe Dino
[10:50] {RonS} but did it hit a Fibonacci and/or a gann fan line in the midst of an embeeded stochastic?
[10:51] {RonS} embedded
[10:51] {dino} you lost me ron
[10:51] {nemo} he's busting balls
[10:52] {dino} lol
[10:52] {RonS} sorry, must be getting bored...
[10:52] {dino} np, bored here too
[10:52] {nemo} go change your Depends
01[10:52] {&Threei}  but Ron... what about Ichimoku cloud enveloped by Chaikin indicator?
[10:52] {_fish_49} lol
[10:52] {dino} stra drop
[10:52] {_fish_49} sorry for the LOL ron  but Nemo made me do it
01[10:52] {&Threei}  nemo makes people do strange things...
[10:52] {nemo} every man responsible for his OWN actions
[10:53] {nemo} Fear is a wonderful motivator
[10:53] {dino} gj bdl cipher, i was waiting at .00
[10:54] {_fish_49} how many shares could u buy or sell in one lot
[10:54] {_fish_49} I seen an 11 cent spread
[10:54] {nemo} of what?
[10:54] {_fish_49} BDL
[10:54] {dino} infinite
[10:54] {_fish_49} was watching it for fun
[10:54] {nemo} how many shares it trade daily?
[10:55] {nemo} oh jeez
[10:55] {dino} ;)
[10:56] {dino} 07 goes red
[10:58] {cipher} STRA S .92
[10:59] {RonS} lol...does anyone listen to these guys any more?...BREAKING: U.S. banking system outlook upgraded from negative to stable by Moody's
[10:59] {Will49} stable now that they have everbody's money
[11:00] {cipher} NCLH L .50
01[11:00] {&Threei}  stop buying bonds, and then we will see how stable this whole thing actually is
[11:02] {cipher} cov STRA .65 +.27
[11:03] {backman} GLD going nutz
01[11:04] {&Threei}  GDX interestingly doesn't
[11:05] {cipher} NCLH stopped .55 +.05
01[11:06] {&Threei} Long Setup:  CAT  .20 break
01[11:06] {&Threei}  If holds  .10
[11:07] {Les} 3 min head and shoulders iwm works. gj dino
[11:07] {dino} thx
[11:10] {Buster} Any read on C?
[11:10] {RonS} infi volume spike
01[11:11] {&Threei}  .60 break long C... if SPY helps
[11:12] {dino} pko drop
[11:12] {dino} tza to .05
[11:12] {cipher} PKO L .24
[11:13] {cipher} TNA L .45
[11:13] {dino} out tza +.15
[11:13] {Les} yeh, holding .35
[11:14] {cipher} out TNA .52 +.07
[11:15] {Les} 1st partial .55
01[11:15] {&Threei}  C works
01[11:15] {&Threei} Long Setup:  LVS  .35 break
01[11:16] {&Threei}  If holds  .25
[11:16] {Les} 2nd partial .60
[11:17] {cipher} PKO stopped .29 +.05
01[11:19] {&Threei}  let's change LVS to .30 break
01[11:20] {&Threei}  If holds  .20
01[11:21] {&Threei}  if this is a SPY pullback before breaking .30, we will be in just in time
01[11:21] {&Threei}  if not, this one will invalidate
[11:26] {cipher} ORLY L .49
[11:26] {dino} pko sm l ave .35
01[11:27] {&Threei} Short Setup: GLD  .10 break hl
01[11:27] {&Threei}  change to .15
01[11:27] {&Threei}  If holds  .25
[11:28] {cipher} AEGR L .66
01[11:28] {&Threei}  Invalidated
[11:29] {Les} all out tna .69
[11:32] {Les} CAT stopped
[11:32] {Will49} well.......
01[11:33] {&Threei} Short Setup: GDX  .80 break
01[11:33] {&Threei}  If holds  .90
01[11:34] {&Threei}  Invalidated
[11:35] {cipher} AGNC L .48
01[11:37] {&Threei}  let's scratch LVS
01[11:37] {&Threei}  SPY doesn't look right
[11:37] {Les} short gld .47
[11:37] {Les} half out .36
01[11:37] {&Threei}  this bounce is for exit
[11:37] {_fish_49} out flat
[11:38] {Les} full cover gld .21
01[11:39] {&Threei} Short Setup: GDX  .95 break
01[11:39] {&Threei}  If holds  .05
[11:40] {Les} price macd bullish divergence in daily for GLD GDX SLW. Bulls sniff a long setup
[11:41] {cipher} AGNC stopped .40 -.08
01[11:42] {&Threei}  die GDX
[11:42] {dino} agnc sm l.39
01[11:42] {&Threei}  this is as topping chart as they get
[11:42] {Les} yeh I'm in
01[11:42] {&Threei}  1:3 target
[11:42] {Les} k
[11:42] {Les} sitting there waiting for DT in GLD and KABOOOOOM
[11:43] {Les} dino and quarter theory love it
01[11:43] {&Threei}  kangaroo tail, head and shoulder, two in one
[11:43] {dino} lol
01[11:43] {&Threei}  1:1
01[11:43] {&Threei}  now don't you dare rinse the balance
01[11:44] {&Threei}  IMF Board reaffirms its confidence in IMF President Lagarde, makes no further statement - financial press***Note that Lagarde narrowly avoided an investigation of her role in a domestic French political funding scandal dating from her time as French finance minister.
[11:45] {Les} lol
[11:45] {Les} snow white is dirty as the rest eh
01[11:45] {&Threei}  good scratch on LVS
[11:46] {Les} market dumping on the late comers. curious to see finish
[11:47] {Les} taking more off GDX at 1:1
[11:47] {Les} will be happy for 1:2
[11:49] {cipher} out AEGR .72 +.06
01[11:52] {&Threei}  1:2
[11:52] {_fish_49} out in full
[11:52] {_fish_49} thanks vad
01[11:52] {&Threei}  yw
[11:52] {_fish_49} I shall return
[11:52] {Les} cover .72 ty sir
01[11:52] {&Threei}  :)
[11:54] {Les} 3 min chart looks like cup and handle tza to me
[11:55] {Les} which has failed 1st time round wonderinga bout 2nd chance
[11:56] {dino} phk drop
[11:56] {dino} pko stop .24 -.11
[11:56] {Les} frik yeh, but without me
[11:57] {dino} nice tza les
[11:57] {Les} those visual thingies i supposed to be learning do work sometimes...
[11:58] {cipher} PHK L .10
01[11:59] {&Threei}  much better than "MACD price daily divergence sprinkled all over Ichimoky cloud moved by fan lines" bs
[12:02] {Alexs} nice GDX Vad
01[12:03] {&Threei}  1:3
[12:03] {dino} out agnc .54, +.15
01[12:03] {&Threei}  a bit like teeth pulling... but heck, that's whnat these huge gap up days are
[12:04] {dino} exactly
[12:04] {dino} taking a little lunch break
01[12:04] {&Threei}  before we find next teeth pulling trade, relax a tad: http://photography.realitytrader.com/2013/05/spring-unleashed-ii.html
[12:06] {RonS} stupid q of the day:  isn't Ichimokey  the head of a leper colony?
01[12:07] {&Threei}  http://www.investopedia.com/terms/i/ichimoku-cloud.asp :)
01[12:09] {&Threei}  1:3 level became double bottom
[12:19] {nemo} Necessity is the mother of cannibalism.
01[12:20] {&Threei}  hmmm
01[12:20] {&Threei}  lol
[12:20] {RonS} lol
01[12:20] {&Threei}  I guess
[12:20] {nemo} this guy is hilarious on twitter @TheTweetOfGod
01[12:20] {&Threei}  this reminds me... there is an article making eounds among photographers which, among other things, includes a phrase:
01[12:21] {&Threei}  find what you love and let it kill you
01[12:21] {&Threei}  I thought it described my relationship with bacon perfectly
[12:21] {nemo} marriage
[12:22] {nemo} TIF might be short here
[12:22] {dino} stra lod
[12:22] {nemo} crm
[12:23] {nemo} anf looks short
[12:27] {cipher} LBTYA L .77
01[12:34] {&Threei} Long Setup:  TZA  .25 break
01[12:34] {&Threei}  If holds  .15
01[12:38] {&Threei}  Europe and China Trade Talks End Bitterly
01[12:38] {&Threei}  lol
01[12:38] {&Threei}  who moved my bacon, asked China
01[12:39] {&Threei}  Trade negotiations between the European Union and China ended on Monday with mutual recriminations. China called on the European Union to refrain from imposing tariffs on solar panels, and the European trade commissioner complained that China was pressuring individual countries to prevent Europe from reaching a consensus.
01[12:40] {&Threei}  no go
[12:40] {cipher} STRA L ,73
[12:40] {cipher} PETM L .89
[12:42] {cipher} out PETM .94
[12:48] {cipher} YRCW L .00
01[12:49] {&Threei} Short Setup: GDX  .60 break
[12:51] {cipher} agnc l .20
01[12:52] {&Threei}  If holds  .65
[12:54] {cipher} out agnc .30 +.10
[12:59] {dino} vips
[13:01] {cipher} qcor l .53
[13:09] {backman} GDX making me sleepy
01[13:10] {&Threei}  can't blame you
01[13:10] {&Threei}  but hey
01[13:10] {&Threei}  here comes wake-up call
01[13:10] {&Threei}  1:1
[13:11] {backman} took 1:1...lunch time
[13:11] {backman} ty
01[13:12] {&Threei}  yw
01[13:12] {&Threei}  I will try to squeeze every drop of blood out of this stone
[13:14] {nemo} fas lookin short below .20
[13:14] {Les} iwm looks like it might drop. if tza gets some energy .30 break look
[13:14] {Les} there it goes
01[13:16] {&Threei}  it seems that shorting GDX is my fur boots song, and I am destined to listen to it forever
01[13:16] {&Threei}  seriously then, when GDX hits zero, what to do, what to do...
[13:17] {_fish_49} go long
[13:17] {nemo} play options...
[13:17] {jdetente} GDX has been the great equalizer on these kinds of days
01[13:18] {&Threei}  the idea of going long GDX takes a while to get used to, fish :)
[13:18] {_fish_49} then must sit on hands if hits 0
01[13:19] {&Threei}  1:2
[13:19] {Les} tza 15 min cup and handle
[13:19] {Les} lets see spy drop the range
[13:19] {Les} IF
01[13:19] {&Threei}  look what swims in Victoria waters: http://goo.gl/IWNbG
[13:21] {Les} long tza .32 hodling .20
[13:21] {Les} beautiful signals today
01[13:22] {&Threei}  purely visual, I must add
[13:22] {cipher} ATHN L .46
[13:23] {Will49} saw that sub yesterday on my walk
01[13:23] {&Threei}  :)
[13:25] {Les} half out .39
[13:26] {Les} yeh right vad
[13:27] {Les} gotta stop here. missus 50 b'day. on the booze. a demain
[13:27] {Les} a+
[13:30] {stevw} goddamn internet connection failures --- argggggh!
[13:31] {stevw} i'm friggin' lucky that GDX short behaved while I was offline
01[13:31] {&Threei}  yikes
[13:31] {nemo} wish Les would have internet problems
[13:31] {cipher} out YRCW .29 +.29
[13:31] {RonS} lol
[13:32] {RonS} brutal
[13:32] {nemo} ?
[13:32] {stevw} yeah, i think i'm stuck with swing trades till they come out tomorrow
[13:35] {cipher} lbtya l .43
[13:35] {cipher} lbtyk l .92
[13:38] {dino} alk sm l .73
[13:42] {dino} alk stop .48 -.25
[13:44] {cipher} lbtya stopped -.03
[13:44] {cipher} lbtyk stopped -.05
[13:46] {dino} alk sm l .60
[13:48] {backman} wouldn't be surprised to see a red close.....
[13:49] {_fish_49} hope not
[13:52] {jdetente} why not? that would be great...
[13:53] {dino} athn sm l .20
[13:53] {_fish_49} not for me
01[14:00] {&Threei}  you've got some long swing trades going?
[14:00] {_fish_49} no
[14:01] {_fish_49} Are you familiar with Thrift Savings Plan?
01[14:01] {&Threei}  no
[14:02] {_fish_49} it's the 401K plan for government employees
[14:03] {dino} lstr drop
[14:04] {_fish_49} tsp.gov
[14:04] {dino} in .43
[14:04] {_fish_49} we missed two good set ups on FB  today
[14:05] {_fish_49} I normally watch FB but didn't  have it on my screen today
01[14:05] {&Threei}  1:3, out
[14:06] {dino} out lstr .87, +.44
[14:07] {jdetente} covered .24
[14:07] {jdetente} thanks Vad
01[14:07] {&Threei}  ywyw
01[14:07] {&Threei}  ummm
01[14:07] {&Threei}  just one yw
[14:07] {_fish_49} was that GDX?
01[14:08] {&Threei}  yes
[14:08] {_fish_49} tomorrow I skip lunch break
[14:08] {_fish_49} lol
01[14:08] {&Threei}  2 1:3ers on a day like today, nothning to sneeze at
[14:08] {dino} oaks drop
[14:09] {jdetente} GDX really covered us for the stop outs
[14:12] {dino} lstr drop
[14:14] {RonS} hearing lstr guided q2 lower...
[14:14] {dino} ty
[14:18] {dino} lre sm l .90
[14:19] {Alexs} gdx asking for next short
01[14:26] {&Threei}  I am hesitant here
01[14:27] {&Threei}  chart shapes up, but feels like high chance of being a trap
01[14:42] {&Threei}  (US) Hazmat crew on the scene of train derailment in Baltimore that occurred around 14:00ET; no injuries reported- Reports that it is a CSX train, very loud explosions heard in Baltimore
[14:42] {_fish_49} yea watching that
[14:43] {_fish_49} Baltimore in the news  today
[14:43] {_fish_49} the cruise line flying passengers home today after the ship fire
[14:43] {backman} GLD getting ready to blow up or melt down
01[14:48] {&Threei}  no indication which way thus far
[14:50] {RonS} took LRE .80 to .05 +.25 thanks dino
[14:51] {dino} np
[14:56] {_fish_49} Vad r u watching CSX?
01[14:57] {&Threei}  no... why?
[14:58] {_fish_49} no specific reason was just hoping a set up would develop with that volume
01[15:01] {&Threei}  trying to get a feel of last hour direction
[15:02] {nemo} 68.50is is the weekly pivot on FAS
01[15:02] {&Threei}  Wal-Mart Stores Inc. pleads guilty to charges of dumping hazardous waste in California
01[15:02] {&Threei}  they dumped the goods from their shelves??
[15:02] {RonS} forced their customers to leave the store?
[15:02] {nemo} .60 cents below on SPY, and IWM
01[15:03] {&Threei}  lol
[15:03] {nemo} We have a chain of salvage stores called Building 19 in this area
[15:03] {nemo} Always made me skeevy to go in there
[15:03] {nemo} I get the same feeling in Walmarts
[15:04] {nemo} It's like you step back to some pre-evolutionary phase in human history
01[15:04] {&Threei}  I have a feeling our Walmarts are more respectable than yours
[15:04] {dino} stores are great, but some of the people you have to wonder where they came from
01[15:04] {&Threei}  never saw anything of a kind I see in many internet photos aboput "walmart nation"
[15:05] {dino} out lre .05, +.15
[15:05] {stevw} in bc the whales are in the water
[15:05] {Les} what r we in?
01[15:05] {&Threei}  deep thoughts
[15:05] {Les} here, we are in some classic guitar for the drive home hour
01[15:05] {&Threei} Short Setup: SLW  .50 break
[15:05] {stevw} in the u.s., the whales are in the walmarts
[15:05] {Les} http://www.youtube.com/watch?v=F4fPv450OYM
[15:05] {dino} lol
01[15:06] {&Threei}  If holds  .60
[15:07] {Les} OMG monster move off of .30 for TZA
[15:09] {jdetente} Here's the real Walmart nation...
[15:09] {jdetente} https://www.youtube.com/watch?v=ghrDIQ-K8mg
[15:09] {jdetente} Do not watch if you have a weak stomach lol
01[15:10] {&Threei}  I'll skip, thank you for warning
[15:10] {Les} that is pretty repulsive jd
01[15:10] {&Threei}  trigger already SLW
01[15:10] {&Threei}  trigger and die
[15:11] {jdetente} Les...this is why I do not go to Walmart...
[15:11] {Les} slw 15 min inverted c&h
[15:12] {Les} plus littley in 1 min time frame
01[15:12] {&Threei}  A+ Les
01[15:12] {&Threei}  perfect visual recognition
[15:13] {Les} look ma, no hands/indicators!
[15:14] {Les} lol someone sucker punched the GLD longs today
[15:18] {Les} banks seem pretty keen here. JPM just shy of .50 break
[15:18] {Les} never mind
[15:20] {Les} tza potential DB i like it
[15:21] {Les} 3 min time frame
[15:25] {jdetente} bah humbug
[15:26] {Les} long tza
[15:28] {Alexs} visual rcognition doesn't work today
01[15:30] {&Threei}  I'd say works randomly
[15:32] {Les} tza stopped
[15:33] {_fish_49} TZA trades opposite the DOW?
[15:33] {Les} iwm
[15:34] {_fish_49} ty
01[15:34] {&Threei}  IWM is closer match, but overall, yes
[15:34] {Les} yeh right, anti-index
[15:36] {Alexs} closer match is TNA I think
[15:38] {Les} that's yer long side of index
[15:42] {+cc_9} http://img22.imageshack.us/img22/7133/ssoentry.jpg
[15:43] {+cc_9} Scale paying off EOD
[15:43] {RonS} quote from a snake or lizard?
[15:44] {Les} yeh saw the iwm db at .50 too late
[15:45] {RonS} apa spike
[15:45] {+cc_9} I laid off the russell, strictly S&P moving forward. The disparity can be tough on days r2k is lagging
[15:46] {nemo} fas and spy move together
[15:46] {_fish_49} thanks Nemo
[15:46] {nemo} what I do
[15:47] {_fish_49} for the edumacation
[15:47] {nemo} ahhh
[15:47] {RonS} unxl bleed...
[15:48] {RonS} gash now...
[15:48] {dino} unxl drop
[15:48] {+cc_9} nemo, yes, they move in tandem, but you will have days where one is holding up better while the other keeps cranking new lows, since I track mostly the SPY and /es, it makes more sense to stick to SSO/SDS for me
[15:48] {+cc_9} But yes, over-all you are correct, they move in tandem for the most part.
[15:48] {nemo} Yeah, I watch IWM SPY and FAS all day
[15:50] {+cc_9} Yup, for today IWM is outperforming the SPY
[15:51] {Les} cause he has no life
[15:52] {_fish_49} good night all
[15:52] {_fish_49} thanks for the info
[15:53] {Will49} nothing here to see...move along
[15:54] {Will49} gn guys, see you tomorrow
01[15:54] {&Threei}  ok guys, take care, see you tomorrow
[15:54] {jdetente} yup...thanks for the trade ideas Vad. Have a good night guys.
[15:54] {Les} ciao
[15:54] {Alexs} good night
[15:54] {dino} gn all
[15:56] {+cc_9} Later everyone
[15:57] {+cc_9} time for CC_iesta