Thursday, June 13, 2013

June 13 2013

Copy of last two days. Slow climb, boring trading. Hopefully with opex it ends. 

Session Time: Thu Jun 13 00:00:00 2013
[09:01] {stevw} hey, why so quiet - you guys didn't stay up for the triple-OT last night, did you?
01[09:01] {&Threei}  morning stev
01[09:01] {&Threei}  triple-OT?
[09:01] {stevw} Chicago over Boston in the Stanley Cup
01[09:02] {&Threei}  oh
[09:11] {+cc_9} Good morning Vad, gents.
01[09:12] {&Threei}  morning cc9
[09:16] {Alexs} gm
01[09:17] {&Threei}  alex :)
[09:17] {RonS} Hello everyone
[09:17] {Les} yo
01[09:17] {&Threei}  ron, les :)
[09:17] {backman} gm
01[09:17] {&Threei}  bman :)
[09:18] {Will49} gm
[09:18] {jdetente} morning guys
01[09:18] {&Threei}  will :)
01[09:18] {&Threei}  jd :)
[09:20] {dptl} gm
01[09:20] {&Threei}  dp :)
[09:21] {cipher} gm
01[09:21] {&Threei}  cipher :)
[09:23] {dino} gm
[09:23] {ese} gm
01[09:23] {&Threei}  dino, ese :)
[09:23] {ese} vad dino
[09:24] {dino} vad ese
[09:26] {ese} if we accidentally spell vads name wrong intros become Bad Dino...Bad Ese
[09:27] {RonS} ...or Mad Ese?
[09:29] {ese} true
[09:29] {+cc_9} we bounce today, put holders get screwed into tomorrow
01[09:30] {&Threei} Short Setup: GDX  .10 break
01[09:30] {&Threei}  If holds  .20 
01[09:30] {&Threei}  kangaroo tail
[09:31] {ese} agreed cc...should bounce a bit today
01[09:34] {&Threei}  Invalidated  
01[09:35] {&Threei} Short Setup: JPM  .10 break
01[09:36] {&Threei}  If holds  .17 
01[09:37] {&Threei}  no go
[09:38] {dino} gci sm s .10
[09:38] {Les} Nikkei and S&P futures suggest possible DB in daily time frame
01[09:40] {&Threei} Short Setup: KMO  .45 break hl
01[09:40] {&Threei}  KMI
01[09:41] {&Threei}  If holds  .55 
[09:41] {dino} c sm l .50
01[09:42] {&Threei} Short Setup: FCX  .45 break
01[09:42] {&Threei}  If holds  .55 
[09:44] {dino} cov gci .05, +.05, won't drop
[09:45] {+cc_9} ese, les, this one is for you }}
[09:45] {dino} iep sm l .25
[09:46] {ese} not showing anything cc
[09:47] {Les} lol cc don't dick around do ya
[09:47] {+cc_9} click on the right side of }}
[09:47] {Les} target KMI?
[09:48] {Alexs} what target kmo?
01[09:48] {&Threei}  nice daily... let's try for 1:3 and let it decide
[09:48] {Les} taken a little .37
[09:48] {ese} down man slow down
01[09:48] {&Threei}  1:1
01[09:49] {&Threei}  1:2
01[09:50] {&Threei}  (JP) Magnitude 5.6 earthquake strikes near Japan
[09:52] {+cc_9} that's what happens when you stop stimulus
01[09:52] {&Threei}  lol
[09:52] {Les} hehe
[09:53] {Les} GDX dt
[09:53] {Les} see if holds. 30
01[09:53] {&Threei} Short Setup: GDX  .25 break
01[09:54] {&Threei}  last piece KMI out on a trail
01[09:55] {&Threei}  If holds  .32  GDX
[09:55] {Les} tight setup on FCX here long maybe or two way
[09:56] {stevw} CAT is on a relentless climb - up a buck now - may become interesting to watch for a top
[09:57] {+cc_9} headfakes down @ open, time to cover ahead of opex, nice bounce so far
[09:57] {Les} futures shows s&p db possibility
01[09:58] {&Threei}  (US) APR BUSINESS INVENTORIES: 0.3% V 0.2%E- Prior revised lower from 0.0% to -0.1%
01[09:59] {&Threei}  Invalidated  FCX 
[10:00] {+cc_9} look @ that SSO now les/ese. Yes I am mad
[10:01] {Les} coulda shoulda woulda 
01[10:01] {&Threei}  meh
[10:02] {Les} you know you shouldn't take my setups vad :)
[10:03] {Will49} lol
[10:03] {jdetente} so less Les is more?
[10:04] {Les} GLD!!
[10:05] {Les} short .091
[10:05] {Les} .01
01[10:05] {&Threei} Long Setup:  IWM  .85 break
[10:06] {Les} partial GLD 1:1
[10:06] {Les} tjere's the DT
01[10:10] {&Threei} Long Setup:  IWM  .60 break
01[10:10] {&Threei}  If holds  .50 
[10:10] {Alexs} too fast
[10:11] {Will49} no kidding
[10:11] {jdetente} yup
[10:11] {Les} 1:2 GLD
01[10:11] {&Threei}  no secondary entry if pulls back
[10:14] {RonS} hfc sm l .58
[10:16] {Les} 1:3 gld me out
[10:16] {Les} me happy
[10:16] {Alexs} gj Les
[10:17] {RonS} me changing name to Tarzan...
[10:17] {Will49} lol
[10:17] {Alexs} IWM was nice
[10:18] {Les} 1:4 :(
[10:19] {stevw} geez Les, you were happy 2 minutes ago
[10:19] {Les} attention span of a goldfish
[10:19] {Alexs} greed is good
[10:20] {stevw} emotional stability of a puppy
[10:20] {jdetente} haha
01[10:21] {&Threei}  I've seen dandelions in strong wind that are more stable than Les {G}
[10:21] {Les} hehe
[10:21] {jdetente} Vad's filling in for Nemo today I see...good job boss 
[10:22] {Les} I'm sure they have drugs for that. I've yet to locate them
06[10:22] * &Threei takes a bow
[10:22] {RonS} 3i far far more poetic than Nemo...
01[10:23] {&Threei}  that's all the bacon, ron
01[10:23] {&Threei}  bacon makes one a poet
[10:23] {jdetente} hmmmm bacon
[10:23] {RonS} rapier v meatcleaver
[10:23] {stevw} Francis?
01[10:24] {&Threei}  lol
[10:24] {RonS} lol stev
01[10:29] {&Threei} Long Setup:  TZA  .40 break
01[10:30] {&Threei}  If holds  .30 
[10:32] {RonS} out hfc .95 +.37
[10:32] {Alexs} full lot TZA?
01[10:32] {&Threei}  yeah
[10:32] {dino} gj
[10:33] {Will49} beauty ron
01[10:33] {&Threei}  wtg
01[10:33] {&Threei}  Invalidated  
[10:35] {ese} vad...when you've got a sec....IRM  .90 to .60 quick slide/ bounce /retest of lower BB/ didn't break it....would that have been a good entry breaking the high of that 1min doji bar?
[10:35] {Alexs} looks valid again TZA?
01[10:36] {&Threei}  yes, valid now, if not losing .30 anymore
01[10:37] {&Threei}  looks right to me, ese
[10:37] {ese} tks
[10:37] {+cc_9} anyone here keep an eye on YOKU ?
[10:37] {ese} working on that strategy
[10:37] {Will49} yoku ono?
[10:37] {ese} i like it
[10:38] {ese} lol
01[10:38] {&Threei} Long Setup:  JPM  .50 break
01[10:38] {&Threei}  If holds  .40 
[10:39] {ese} watch out for that one will.....i hate the way it trades....
[10:39] {ese} it's taken me for a few rides
[10:39] {Will49} :)
[10:39] {ese} big spreads sometimes appear out the blue with that one
01[10:41] {&Threei}  .45 break as an aggressive entry... if you prefer those, looks decent here
01[10:50] {&Threei}  let's go JPM
[10:53] {jdetente} some inspiration for JPM
01[10:54] {&Threei}  sigh
[10:54] {jdetente} jeez and I thought Toto would help :(
01[10:54] {&Threei}  SPY pullback killed its inspiration
[10:56] {dino} out iep .26, +1.01
[10:56] {Will49} outstanding
[10:56] {dino} ty
[10:56] {RonS} gj
01[11:02] {&Threei} Short Setup: GDX  .10 break
01[11:03] {&Threei}  aggressive entry for am inverted C&H
[11:04] {RonS} bks going for gap fill...
01[11:09] {&Threei} Long Setup:  TZA  .40 break
01[11:09] {&Threei}  yes, again... lol
[11:10] {jdetente} deja vu
[11:10] {ese} vad.......does the (13, 1.7) BB settings work on daily charts....or is it just a specific setting for intra day 1min 5 min etc etc?
01[11:10] {&Threei}  the shorter times frame, the less time period and of course deviation
01[11:11] {&Threei}  for daily, leep standard, 20/2
[11:11] {ese} ok tks
[11:13] {jdetente} do your thing GDX....
[11:14] {jdetente} die!
[11:14] {Les} GDX can't die
[11:14] {jdetente} Zombie Apocalypse??
01[11:14] {&Threei}  why?
01[11:14] {&Threei}  not only it can, it must
[11:14] {Les} there is 'unprecedented' demand for gold in the world
01[11:14] {&Threei}  oh that
[11:15] {jdetente} so the banksters can be gelded??
01[11:15] {&Threei}  but Les... you forgot, GLD and GDX are evil creation of wall street, and exist on paper only
01[11:15] {&Threei}  physical is where it's at
[11:15] {Les} so we are selling a fantasy?
01[11:15] {&Threei}  yes!
01[11:15] {&Threei}  buying too btw
[11:16] {Les} no wonder people call us wayless scoundrels and speculators
01[11:16] {&Threei}  they do?
[11:16] {Les} read it in the press
[11:16] {jdetente} I think Les has unresolved guilt about being speculator...
01[11:16] {&Threei}  sounds like nice compliment, considering the source
[11:17] {jdetente} speculators make the world go round Les
[11:17] {Will49} I'm a secular speculator spectator
[11:17] {jdetente} the worst kind Will hehe
[11:18] {Will49} :)
06[11:18] * Les slaps jd for his grandiose visions of larceny
[11:18] {jdetente} nice
[11:18] {Alexs} The Trust holds gold and issues shares (Shares) (in minimum blocks of 100,000 Shares, also referred to as Baskets) in exchange for deposits of gold and distributes gold in connection with redemption of Baskets
[11:18] {jdetente} I forget you're a lib Les :)
[11:18] {Alexs} so its real
01[11:19] {&Threei}  I am an inspector suspecting secular speculating spectators of unspecified (insert your own word)
[11:19] {Les} never voted in my life jd
[11:19] {Will49} oooha
[11:19] {jdetente} really Les?
01[11:19] {&Threei}  no Alex, not in eyes of cpnspiracy theorists,
06[11:20] * Les slaps vad for seeking out an english dictionary
01[11:20] {&Threei}  because in their world there is no actual gold in those holdings
01[11:20] {&Threei}  they claim it's all big sham
01[11:20] {&Threei}  see now C&H forming on GDX?
[11:20] {Les} nope
01[11:21] {&Threei}  you need to look at the chart for that, Les...
01[11:21] {&Threei}  1:1
[11:21] {Les} oh
[11:21] {dptl} lol
01[11:21] {&Threei}  this is what I envisioned with that entry
[11:21] {Les} that's what artists do
01[11:21] {&Threei}  just hope it's not ending as a frikin scalp
[11:21] {Les} I just obey orders
[11:21] {Les} sometimes
01[11:22] {&Threei}  so Les, let me get it straight... you are raving against authorities running the wolrd in a wrong way, but you never vote?
[11:22] {Les} how the frick can I?
[11:23] {Les} I am a foreigner in this country
[11:23] {Les} army till 26. too dumb to vote back in Oz
01[11:23] {&Threei}  you are a complicated man :)
[11:23] {RonS} never stopped the Mexicans here...
01[11:23] {&Threei}  rofl
[11:23] {Les} one world govt. would fix everything
01[11:23] {&Threei}  fix as in neutered? yes
01[11:24] {&Threei}  or as in, rigged? yes as well
[11:24] {jdetente} you're in California too Ron?
[11:24] {RonS} run by Lux Luthor?
01[11:25] {&Threei}  or Putin
01[11:25] {&Threei}  he lectured Obama about privacy a few days ago, must be a good protector of human rights
[11:25] {RonS} CO...the dems everywhere have set vote system for fraud...
01[11:25] {&Threei}  right?
[11:26] {RonS} aren't they the same?
[11:26] {Les} who said one needed to be honest to lecture someone else? Where the heck r u from?
01[11:26] {&Threei}  ummm
[11:26] {Les} go back to Titan
01[11:26] {&Threei}  I guess sarcasm doesn't translate well over the net
[11:26] {Les} sure it does
[11:27] {RonS} my Dad has never played hockey...but yells at Sharks coach about what to do...
[11:27] {Les} it was a sarcastic reply, as if you were being straight faced
01[11:27] {&Threei}  ok... as I said before, you are a complicated man :)
[11:27] {Les} I'm getting the hang of it here
[11:28] {Les} problem is you've only got Nemo
[11:28] {Les} and he's just a blunt instrument
01[11:28] {&Threei}  hey, horses for courses
01[11:28] {&Threei}  one needs both, surgical scalpel and ax
[11:29] {Les} Nemo the bludgerer
01[11:29] {&Threei}  nemo's great at beheading
[11:29] {Will49} don't talk about nemo...he's at a funeral
[11:29] {Les} but I get yer sarcasm
[11:29] {Les} you clearly don't get mine ;)
[11:29] {RonS} that was hungover from wake...
01[11:29] {&Threei}  then there is a Torquemada approach
[11:30] {Will49} i stand corrected
[11:31] {Will49} in fact, you should stand up for ten minutes out of every hour when trading
01[11:31] {&Threei}  GDX... lose .95 and DIE
[11:31] {Will49} learned that in medical school
[11:32] {RonS} lol...had to go to medical school to learn to get off my ass...
[11:32] {Will49} was in the lobby visiting a friend and read it in a magazine
[11:32] {RonS} lol
[11:32] {dptl} lol
[11:33] {dptl} and i was wondering why am i falling asleep all the time
[11:33] {Will49} that and the vodka
[11:33] {Les} brain compression dp
01[11:33] {&Threei}  careful with such sources Will... as Abraham Linclon warned us, "Not everything you read on Interenet is true"
[11:34] {Will49} this was in a print magazine so must be true
01[11:34] {&Threei}  wow... there are those still? then yes
[11:34] {Will49} in my world for sure
[11:35] {Will49} still have a rotary dial phone
[11:35] {Les} Hustler still the source of quality journalism?
[11:35] {stevw} two-hander?
[11:35] {Will49} i'm so old, i don't buy green bananas
01[11:35] {&Threei}  lol
01[11:35] {&Threei}  GDX
01[11:35] {&Threei}  do it
[11:36] {stevw} the midday price stickiness
[11:36] {RonS} unheard of:  Hong Kong to handle #NSA leaker extradition based on law
[11:40] {stevw} we going to see a failure to breakout on CAT?
01[11:41] {&Threei}  really can't tell
01[11:45] {&Threei}  An oil line in in Sudan has exploded as a result of conflict between the Army and Rebel south
01[11:46] {&Threei}  (PT) IMF Portugal staff review finds that the public debt condition is very fragile and the political and social consensus is weak- Sees 2013 GDP contraction - public debt expected to peak near 124%/GDP - Portugal has met its performance criteria - Cannot guarantee that Portugal's debt is sustainable, unclear whether Portugal's debt issuance can achieve the scale that is necessary
[11:47] {+cc_9} Portugal soon to follow Greece : can only have radio, peasants
01[11:48] {&Threei}  (US) EU Trade chief reportedly aims to compromise in efforts to assuage concerns from the French on culture regarding the trade discussions with the US - press- Aims to provide EU members with a voice in negotiations with the US
01[11:48] {&Threei}  huh?
01[11:48] {&Threei}  on culture?
[11:50] {nemo} SPY done serious volume this morning looks like they're trying to put a bottom in this puppy
[11:51] {nemo} How'd the morning go so far?
[11:52] {Will49} nemo, les was concerned about your wellbeing
01[11:52] {&Threei}  back and forth
[11:52] {nemo} you got brown eyes Will?
[11:52] {Will49} haha
[11:53] {nemo} fas and iwm at pivot spy just about
[11:55] {Will49} obama's pastor?
[11:57] {stevw} you know stuff like that?!
[11:57] {Will49} my trivia memory
[11:58] {Will49} Rev Wright was his pastor, no?
[11:58] {Will49} American's?
[11:58] {stevw} i'm only smart enough to know i don't have enough brain cells to record that kind of info
[11:58] {Will49} problem is that's only stuff i store
[11:59] {nemo} what?  you an 8086 architecture?
[11:59] {Will49} told you i'm a luddite
[11:59] {stevw} if you paid attention to my comment, nemo, you'd not have used such a term
[11:59] {nemo} thought you were a Phillistine
[12:00] {Will49} duls citizenship
[12:00] {Will49} duel
[12:00] {dino} lulu luv today
[12:00] {nemo} My comment was at your expense
[12:01] {Will49} ok now...this stalled trade is cutting into my morning ablusion time
[12:01] {Will49} ablution?
[12:02] {+cc_9} SPY 162.75 first wall
[12:02] {jdetente} obliteration?
[12:02] {Will49} some times
[12:05] {dino} morning?
[12:05] {Will49} 9 am
[12:05] {dino} noon here
[12:06] {Will49} talkin wet coast fella
[12:07] {dino} ese, us open delayed, starting in 10
[12:09] {Alexs} are you still in GDX Vad?
[12:09] {jdetente} that printed .11 a few minutes ago
01[12:09] {&Threei}  lol... it did but I wasn't here
01[12:09] {&Threei}  anyway, it lost shape and sense
[12:10] {jdetente} see I followed the rules today haha
[12:10] {Will49} good boy
[12:10] {Alexs} yah I saw that print but now it disappeared
[12:10] {jdetente} it's still there on my charts
01[12:11] {&Threei}  the chart shape is no longer there
[12:11] {jdetente} it actually printed in two time frames lol
[12:11] {Will49} print was .109 so i stayed's that for following the rule?
[12:11] {jdetente} well that broke .10 still :p
[12:12] {Will49} yes, true but trigger was .11 in my head :)
[12:13] {Will49} now i'm gone
[12:13] {Les}
[12:16] {Will49} be back soon...going to do ablutions :)
[12:18] {stevw} arguably, there's an inverse h&s on GDX, but you don't want to admit it, do ya' Vad  (hehe)
[12:19] {Les} I can see its head, but that left shoulder looks more like an anus :)
[12:20] {nemo} HES coiling for a long methinks
[12:20] {Les} watching for potential TZA db setup at .85
[12:20] {Les} ahhh funny bone is back
[12:20] {RonS} hot
[12:21] {backman} long TZA .96
[12:24] {backman} out -.05
[12:28] {dino} .
[12:28] {Les} long tza .96 holding .85
[12:29] {nemo} careful for IWM bounce at pivot, and you need ths short term trend line break
[12:29] {Les} depends what I die of
[12:29] {Les} in the end its just physical
[12:31] {nemo} Les, when I come visit I'll chop off your limbs starting with your toes one joint at a's just physical
[12:33] {Les} oops wrong blog space
[12:34] {nemo} yeah, you must be looking for that blog for the mentally disabled
[12:35] {Les} grind grind frikin grind
[12:35] {dptl} lol
[12:35] {dptl} let me get
[12:35] {nemo} iwm at resistance, spy almost htere, fas backside test of channel support
[12:38] {+cc_9} 12:03 cc_9 SPY 162.75 first wall
[12:38] {+cc_9} lets see, we're right there
[12:39] {nemo} figures, spy bounced right at the 50 sma
[12:42] {nemo} spy at resistance, fas at backside test of trendline, IWM at QR3, 
[12:44] {+cc_9} crushes the wall since everyone is betting on it lol
[12:49] {+cc_9} volume dry as a yoko ono
[12:49] {nemo} huh?
[12:50] {nemo} hey 9, that creates alot of unpleasant visuals
[12:50] {+cc_9} blame Will
[12:50] {+cc_9} his idea
[12:51] {+cc_9} CTRL + F : ono
[12:51] {nemo} ach du lieber Gott!!
[12:52] {nemo} rht potential the hole though, rather see a pull back to .20ish or .50ish
[12:52] {+cc_9} SPY needs a breather to at least 162.50 but hanging in there, next wall 163 flat
[12:59] {+cc_9} through it like butter
[13:00] {nemo} looks like it wants to recover all of yesterday
[13:01] {nemo} 163.50 is Monthly pivot, 163.80ish is weekly
[13:01] {+cc_9} people think its over-extended, but they are not looking at the daily
[13:01] {+cc_9} only @ short term frames
[13:01] {+cc_9} it can snap to 164 and still not even fully recover
[13:02] {+cc_9} tomorrow is expiration, many are bearish, thats the idea
[13:02] {nemo} getting prices back up for more distribution
[13:02] {Les} solid bounce and DB off 1600 S&P futures
01[13:03] {&Threei}  (ID) Magnitude 6.7 earthquake strikes 170km ENE of Flying Fish Cove, Christmas Island
[13:04] {+cc_9} Obama's war on christmas is getting too obvious
[13:04] {Les} that's in the middle of nowhere vad
[13:04] {nemo} very volcanic area
[13:04] {Les} well Indonesia is there
[13:04] {Les} but they don't count
[13:07] {Alexs} bby long .10?
01[13:08] {&Threei}  I doubt it...
[13:08] {+cc_9} BBY did nada all day while market moved
01[13:08] {&Threei}  yeah, jellyfish
[13:08] {Alexs} k
01[13:12] {&Threei} Short Setup: FB  .40 break
01[13:13] {&Threei}  If holds  .47 
[13:18] {Alexs} jellyfish BBY 1:1
[13:18] {+cc_9} in some SDS 40.20
01[13:19] {&Threei}  jellyfish with drive and determination :)
[13:19] {Alexs} lol
[13:19] {Les} yeh tza .66 here
[13:20] {+cc_9} careful Les, IWM stronger than S&P today
[13:21] {Les} k
[13:22] {ese} irm main lining at 29.00  will be going long just biding my time
[13:27] {+cc_9} needs a fade sub 162.80 SPY then we see some profit taking on this uptrend today
[13:28] {+cc_9} right now just slow grind, kinda boring
[13:33] {Alexs} jellyfish BBY 1:2
[13:34] {Les} half off .75 tza
01[13:34] {&Threei}  cc9... he will never let us live it down
[13:35] {Alexs} till FB make the same move
[13:35] {+cc_9} 4 cents, lets flush already, i have some SDS for sale
01[13:35] {&Threei}  to our excuse... BBY had news with MSFT
[13:36] {+cc_9} here we go
[13:37] {Les} get yer load er... off cc?
[13:38] {+cc_9} stacking them up
[13:38] {+cc_9} 28 29 30 31 etc...
[13:38] {+cc_9} so far unloaded 2 batches 26 and 27
[13:39] {+cc_9} i just need 32 and all gets flat
[13:39] {+cc_9} .32*
[13:41] {+cc_9} 28 & 29 taken
[13:41] {+cc_9} Les, my scalps are tiny, ~$0.10 on avg is what i look for, but i scale heavy
[13:42] {Les} sounds like principles similar to vads
[13:42] {Les} don't scale in though
[13:42] {Les} this pullback pretty lame
[13:42] {Les} market likes up apparently
[13:42] {Les} out on the scalp tza
[13:43] {Les} got dinner to serve brb
[13:43] {+cc_9} Les, these are principles I use for SSO / SDS
[13:44] {+cc_9} TNA / TZA I look for more
[13:44] {+cc_9} I rarely trade stocks, mostly ETFs
[13:44] {+cc_9} Once you sit through a halt and 50% gap, you start to like ETFs more
[13:44] {Will49} scaredy cat :)
[13:46] {+cc_9} I started this SSO/SDS strategy about 2 weeks ago, result here }}}
[13:52] {Les} cc I am beating myself with a rod as I sit on TZA/TNA daily and learn to hold discipline until the appropriate setup. One day I'll wittle 9 errors to 1 good down to 1 for 1 good
[13:54] {+cc_9} Les, if you want my advice, get the technique down with SSO/SDS as they are a lot less volatile and only 1x 
[13:55] {+cc_9} Once you get the hang of it, move on to the leveraged ETFs
[13:56] {Alexs} what target do we have on FB?
01[13:57] {&Threei}  as a first target, want it to work
[13:57] {Will49} hahaha
[13:57] {Alexs} lol
01[13:58] {&Threei}  with .30 being somewhat of a support, if it breaks it... should give somemore, hard to tell
[13:58] {jdetente} working would be nice
01[13:58] {&Threei}  general market will determine
01[14:01] {&Threei}  someone take BBY from Alex's screen
01[14:03] {&Threei}  btw stev... remember our yesterday's exchange about this guy who did "new" study on the earthquake in BC?
01[14:04] {&Threei}  stumbled onto report about this on TV yesterday... you should see this busy and concerned look he wears running from room to room with pikle of paspers, looking at oscillographs
01[14:05] {&Threei}  urgency is written all over his forehead
[14:05] {Les} stop dissing experts Vad
01[14:05] {&Threei}  then voiceover talks about quake coming any moment within next 700 years
[14:05] {Les} what the heck would human beings do with their life if they couldn't be experts
[14:05] {Les} yeh same here in switzerland
[14:06] {Les} sooner or later... it's been 700 years, we should have one any century now
01[14:06] {&Threei}  I just want to suggest him to walk, not run...
[14:06] {Les} 2 mins. of fame
01[14:06] {&Threei}  new study my ass
01[14:07] {&Threei}  more like, grant expires
[14:07] {Will49} some people here think upgrading our schools is a waste of money
[14:07] {Les} absolutely Will
[14:07] {Les} why, I bet you used a board of slate in your day
01[14:07] {&Threei}  he talks about megathrust quake for crissakes
[14:07] {Les} and it did perfectly good
[14:07] {Will49} we are upgrading the public schools now
01[14:07] {&Threei}  if that one comes, whatever we upgrade or not will be demolished equally
[14:08] {dino} line drop
[14:08] {Les} seems to be the consumer fashion, end of times etc
[14:08] {Will49} les...we called them blackboards
01[14:08] {&Threei}  whole island might be swallowed as a matter of fact
[14:08] {Les} no, I meant a slate board, you know, like in Dickens' time
[14:09] {Les} How old r u will?
[14:09] {Les} ;)
01[14:09] {&Threei}  and don't gloat over there dp, your Vancouver will slide in the ocean just as well :)
[14:09] {Will49} put a spigot on my hot water heater so if big one hits and city water is gone, i'll have 40 gallons to go with my jack daniels
[14:10] {Will49} you work for NSA?
[14:10] {dino} now thats planning
[14:10] {Will49} les....74
01[14:10] {&Threei}  OK FB... let's do it
[14:10] {Will49} but i look 73
[14:11] {Les} yeh, so you're old enough to have used a board of slate
01[14:11] {&Threei}  don't be so modest Will
[14:11] {Will49} no we actually had paper :)
01[14:11] {&Threei}  no way I'd give you more than 71
[14:11] {Les} paper?
[14:11] {Will49} thanks a lot Vad :(
[14:12] {Will49} one year is important at my age
01[14:12] {&Threei}  kidding.. you know you don't look a day over 65
[14:12] {Will49} now i feel better:)
[14:13] {dptl} to me after certain age everybody look the same
[14:13] {Will49} les...did use a slide rule at university
[14:13] {jdetente} anyone over 40 looks the same to me 
[14:13] {Will49} don't want to see me naked
[14:13] {dptl} lol
[14:13] {+cc_9} out of the blue pop on SPY
01[14:14] {&Threei}  neither do I for that matter
[14:14] {jdetente} lol
[14:14] {Will49} haha
[14:14] {Les} what the heck is a slide rule?
01[14:14] {&Threei}  nothing personal will, that goes for all male species :)
[14:15] {Will49} yeah
[14:15] {Les} my university was that bullshit liberal humanities crap
[14:15] {Les} not a slide rule to be seen
[14:15] {Will49} remember the constipated engineer?
[14:15] {Will49} he worked it out with a slide rule
[14:15] {dino} jd, how old are you if 40 looks the same
[14:15] {Les} ugh
[14:16] {jdetente} that was a joke Dino hehe. I'm 8 years to 40 myself
[14:16] {Will49} why didn't you do engeineering or something useful?
[14:16] {RonS} never knew they grew corn in Victoria Will...
[14:16] {Will49} or spelling:)
[14:16] {dino} you may be the youngster of the room
[14:17] {jdetente} I'm betting I am
01[14:17] {&Threei}  SPY sudden bout of happiness
01[14:17] {&Threei}  no news
[14:17] {Les} that used to be me jd
[14:17] {dptl} :) and its good
[14:17] {jdetente} I spent 11 years in the mortgage industry...that aged me quickly lol
[14:18] {dino} lol, i spent 15 in the insurance industry, i understand
01[14:18] {&Threei}  I spent 35 in USSR. You both have nothing on me
[14:18] {jdetente} yeah pretty much the same deal
[14:18] {jdetente} @ Dino
[14:18] {dptl} lol Vad
[14:18] {jdetente} you have us all beat Vad
[14:18] {dino} you've got us beat vad
01[14:18] {&Threei}  :)
[14:19] {jdetente} FB was poised to die...too bad
01[14:19] {&Threei}  sigh
[14:19] {jdetente} up and down 
[14:20] {jdetente} wheel keeps turning round and round
[14:20] {Will49} in and out
[14:20] {Alexs} yeah jellyfish FB woke up
[14:20] {jdetente} let's keep it PC Will
[14:21] {Will49} :)
[14:22] {Will49} watch it jd...respect your elders:)
[14:22] {jdetente} sir, yes sir
[14:23] {Will49} i have a grandson your age
[14:24] {Will49} and....get off my lawn!
01[14:24] {&Threei}  lol
[14:24] {Les} I dunno Vad
[14:24] {Les} Married with kids beats Soviet Union IMO
[14:24] {jdetente} haha
[14:24] {Les} I have my own personal dictator
01[14:25] {&Threei}  excuse me... married with kids in my case came on top of USSR... got anything else?
[14:25] {Will49} happy personal dictator...happy life
01[14:25] {&Threei}  lol
[14:25] {jdetente} Vad wins again
[14:25] {Will49} who made you da judge?
[14:26] {jdetente} our benevolent dictator
[14:26] {dptl} Les Les......boy, you have no idea...:)
01[14:26] {&Threei}  as long as he rules in my favor, will... :)
[14:26] {nemo} definitely not talking about me
[14:26] {jdetente} malevolent would be nemo
[14:26] {Will49} you even buy the judges here eh Vad?
[14:26] {nemo} spy back to monthly pivot
[14:27] {Les} we take it for granted that you r a tyrant Nemo
[14:27] {nemo} I'm hardly a tyrant
[14:27] {Les} started calling you Nero behind yer back
[14:28] {backman} sold 49 shares of 100 lot order.....gimme a break
[14:28] {jdetente} ??
[14:28] {Les} SSO vol. dump
[14:28] {nemo} don't play violin either
[14:29] {Les} :)
01[14:29] {&Threei} Long Setup:  TZA  .30 break
01[14:29] {&Threei}  If holds  .20 
[14:29] {Alexs} triggered alraedy?
01[14:30] {&Threei}  no
01[14:34] {&Threei}  ok SPY... how about making it neat cute double top
01[14:34] {&Threei}  and dropping to about, say 163?
[14:34] {nemo} just like a lady lying on her back at the beach
[14:34] {Les} cute
[14:35] {dptl} no no wait ..i am still long...:)
01[14:35] {&Threei}  long what?
[14:35] {dptl} amm...MAR ...from .77
01[14:36] {&Threei}  f*** it, you already had your profits
01[14:36] {&Threei}  our turn now
[14:36] {dptl} lol
[14:36] {ese} lol
[14:36] {Will49} spoken like a true despot
[14:36] {ese} alright i'm outta here IRM ain't doin nothin today....cay tomorrow
[14:37] {Will49} peace ese
01[14:37] {&Threei}  take care ese
[14:37] {ese} tks will
[14:37] {ese} vad
[14:41] {Les} 40 break SDS .90 stop looks good
[14:42] {Les} big vol. dump on GDX at vwap resistance here .15
01[14:47] {&Threei}  TZA... add some fire, will ya?
01[14:48] {&Threei}  before anyone asks about target... my idea of SPY dropping to about 163 gives us 1:3 in TZA terms
01[14:48] {&Threei}  1:1
[14:48] {jdetente} there it is
[14:49] {RonS} dino kors gone pulp...
[14:49] {nemo} the MA spy has been obeying today is at .15
[14:53] {dino} hmm
[14:55] {dino} kors sm l .51
01[14:57] {&Threei}  sigh
01[14:57] {&Threei}  just a scalp
01[14:58] {&Threei}  another pearl from nemo's comrade:
[15:00] {dino} hod
[15:02] {dino} bee spike
[15:02] {+cc_9} major snap back on SPY
[15:03] {nemo} wow....amazing observation
[15:03] {nemo} sorry, not really
[15:03] {nemo} it's getting're not even Les
[15:05] {nemo} as a quasi-non-sequitur, any "Downton Abbey" watchers out there?
[15:05] {Les} take yer meds Nemo
[15:06] {Will49} sorry nemo, made a promise never to admit it
[15:06] {nemo} oh, o.k.
[15:06] {nemo} do you recognize Lord Grantham?
[15:07] {RonS} bee
01[15:07] {&Threei}  BEE Said to have hired an advisor to explore potential sale of the company
[15:07] {nemo} weekly pivots seem to be the target on spy iwm and fas
[15:07] {Will49} that's a trick question
[15:07] {dino} ty ron, out kors .91, +.40
01[15:07] {&Threei}  AIG
01[15:07] {&Threei}  wathing for reversal
[15:08] {nemo} wish I were here this morning, all you had to do was buy the 50 day on the SPY
[15:08] {+cc_9} called here this AM, market goes up ahead of opex tomorrow.
[15:08] {dino} c took all day, stop to .90
[15:08] {nemo} bounce at the 50 had your back too
01[15:10] {&Threei} Short Setup: AIG  .60 break
01[15:10] {&Threei}  If holds  .65 
[15:11] {dino} out c .00, +.50
[15:11] {Les} placed an order for series 1 of Downtown Abbey Nemo been meaning to see it
01[15:11] {&Threei}  wtg
[15:11] {Les} found it for a buck
[15:11] {Les} 2nd hand
01[15:11] {&Threei}  Invalidated  
[15:12] {nemo} it's on netflix, and the other seasons are on Amazon...if you have amazon prime you can watch it for free
[15:12] {nemo} although, amzn hasn't got streaming video down yet
[15:12] {Les} need subtitles for the missus. and download services are pretty limited in Europe
[15:13] {Les} we don't television installed so...
[15:13] {Les} AIG might find ressitance here
[15:13] {nemo} I watch it on one of my monitors
01[15:14] {&Threei} Short Setup: AIG  .70 break
[15:14] {Les} been a while since found good series drama
01[15:14] {&Threei}  If holds  .75 
[15:14] {nemo} this is incredible
01[15:15] {&Threei}  Invalidated  
[15:18] {nemo} clould argue index shorts here with stops above the high
[15:18] {nemo} scalps until proven otherwise
01[15:19] {&Threei}  valid again
01[15:19] {&Threei}  stop .80 of course
[15:19] {nemo} 163.40 spy 98.05 iwm 65.30 fas possible targets
[15:20] {nemo} volume ain't convincing though
[15:20] {dino} mygn drop
[15:23] {nemo} of course, do they want to bust stops above 164
[15:23] {nemo} same with 66 on fas
01[15:24] {&Threei}  annoying
[15:24] {nemo} Les?
[15:24] {Les} probably
[15:24] {+cc_9} I am thinking major EOD rape
[15:24] {+cc_9} market not letting go, at all
[15:24] {nemo} ever see "Blazing Saddles"?
[15:25] {nemo} the interviews for the gang?
[15:26] {Les} someone reply yes so he shuts up
[15:27] {nemo} I've got nothing else to add to that inquiry
[15:27] {nemo} Les...was "One Flew over the Cuckoo's Nest" one of your favorite movies?
[15:27] {Les} sure
[15:27] {nemo} thought so
[15:28] {Les} me like lobotomy
[15:28] {Will49} heeeeeers les!
[15:28] {nemo} that was "The Shining"
[15:28] {Les} uh wrong
[15:28] {Will49} oh yeah
[15:28] {+cc_9} next move on the 164 tag is critical for EOD
[15:28] {+cc_9} profit taking or more rampage into tomorrow's opex
[15:29] {nemo} gap fill above?
[15:29] {+cc_9} question I am willing not to put my money on to find out
[15:29] {Les} Yoda fan I see you are cc
[15:29] {dino} lol
01[15:29] {&Threei}  die market here must
[15:30] {RonS} lol
06[15:30] * Les smacks Vad with daily copywrite on Yoda
[15:30] {nemo} yeah, you separated the object of the preposition
[15:30] {RonS} lol
[15:30] {Les} SDS in a sweet spot if it reverses here
01[15:30] {&Threei}  I spoke Yoda before Yoda spoke Yoda
[15:30] {Will49} lol
[15:30] {Les} oh write, vad english
[15:31] {nemo} Vad, you were a teenager then
[15:31] {Will49} Yodka too eh vad?
01[15:31] {&Threei}  lol
[15:31] {nemo} amazing, IWM basically recovered everything
[15:31] {nemo} they all did
[15:32] {Alexs} jpm long .05?
[15:32] {nemo} no longs..imo
[15:32] {Les} look at Nekkei and sP futures perfect DB's
[15:33] {nemo} after this run, the likelihood is the other way
01[15:33] {&Threei}  yeah, at this point it's a closing short or sit it out
01[15:33] {&Threei}  JPM is 54 short if anything
01[15:33] {&Threei}  off double top at 54.10
[15:35] {+cc_9} lol @ headfake
[15:35] {+cc_9} fade takes 5 candles, bounce takes half a candle and 10 seconds
[15:35] {nemo} yeah, this is amazing
[15:36] {+cc_9} about to tag shorts at 164
[15:36] {+cc_9} brutal
[15:36] {nemo} BOHICA!!!!
01[15:36] {&Threei}  ursine sodomy?
[15:36] {Les} surprise surprise 15 min MACD ready to roll over in the morning
[15:36] {Will49} lol
[15:36] {nemo} such productive additions I've made to the blog's vocabulary
01[15:37] {&Threei}  we appreciate the contribution
[15:37] {nemo} this is set up for the classic bid pull
[15:37] {nemo} frankly, don't want to be in anything here
[15:38] {+cc_9} triple top on 1min SPY, volume picking up
[15:38] {+cc_9} breakout to 164 and more short covering
[15:39] {jdetente} this is a time to watch
[15:39] {jdetente} and watch only
01[15:39] {&Threei}  now sharp drop to trap new buyers would be nice
[15:39] {nemo} those are big boy bars on the spy
[15:40] {nemo} iwm is above yesterday's high
01[15:40] {&Threei}  really hate these clow climb days
[15:40] {jdetente} slow climbs even
01[15:41] {&Threei}  yeah, that
[15:41] {backman} GDX having a strong finish
01[15:41] {&Threei}  (US) WSJ's Hilsenrath: Fed is likely to push back against market expectations for a rate increase
01[15:41] {&Threei}  this propped this last push
[15:41] {+cc_9} i dont think we see any sharp drop Vad
[15:41] {+cc_9} the rape train goes only 1 way 
[15:42] {Alexs} JPM 1:1
[15:42] {nemo} God bless ya' Alex, but the probabilities were against you
[15:42] {jdetente} all aboard
[15:42] {jdetente} the train is boarding
[15:42] {+cc_9} slow grind slow grind, force people to slowly cover, then move the rape to over-drive
[15:42] {+cc_9} and force even faster shorting
[15:43] {nemo} we likely close that gap up around 165 tomorrow
[15:43] {+cc_9} why not today nemo
[15:43] {+cc_9} 15mins is a long time
[15:43] {Alexs} I didn't get it :)
[15:44] {+cc_9} not a single pullback on this last run
[15:44] {+cc_9} look @ volume last 15mins
[15:44] {nemo} yeah, that's amazing
[15:45] {+cc_9} no fade, no pullback, no breathing window if ur short
[15:45] {+cc_9} just lube
[15:46] {+cc_9} finally when you give up, throw the towel, then it fades
[15:46] {Les} not sure they're even offering lube
[15:46] {nemo} sand paper
[15:46] {Les} Sell in May just got screwed
[15:46] {nemo} sheesh, they're going for the gap fill today?!!!
[15:47] {+cc_9} no letting go nemo
[15:47] {+cc_9} max pain for opex tomorrow
01[15:47] {&Threei}  sell in may is pure unadulterated bs
[15:47] {+cc_9} that was the trick since pre-market
[15:47] {nemo} iwm has closed the gap
[15:47] {nemo} wow
[15:48] {+cc_9} if there is even a slight fade, it will be for a few cents
[15:48] {+cc_9} to give people false hope, then rape train goes in turbo mode
[15:48] {nemo} you like that word
[15:48] {+cc_9} its a long story...
[15:48] {Les} wondering why cc lives outside US jurisdiction
[15:49] {Will49} read all about you in an NSA leaked doc
[15:50] {+cc_9} any little fade, bounces right back
[15:50] {+cc_9} and the funny thing, is it won't take much volume to snap it back to highs
[15:50] {+cc_9} absolutely disgusting
[15:50] {nemo} no shorts in this area
[15:51] {+cc_9} only thing going on tomorrow is PPI
[15:52] {Will49} ?
[15:52] {+cc_9} Producer Price Index 8:30 AM ET
[15:52] {Will49} tks
[15:52] {+cc_9} Producer Price Index : PPI
[15:53] {+cc_9}
[15:53] {+cc_9} comes in handy
[15:53] {Will49} i wouldn't know what to do with the news anyway:)
[15:53] {dino} buy the dips. i've been saying it for weeks
[15:54] {Will49} have to wait for the gulag supervisor to tell me
[15:54] {nemo} yeah, wish I were here this morning, that SPY 50 day was a slam dunk
[15:54] {+cc_9} algo in full force on that last candle
[15:55] {+cc_9} 1.6M printed on 30 seconds
[15:56] {Les} nighty night
[15:56] {+cc_9} later folks
[15:56] {Will49} thanks for the entertainment, guys...see you tomorrow
[15:56] {Les} see how this finishes tomorrow
01[15:56] {&Threei}  thank you all, have a good evening
01[15:56] {&Threei}  see you tomorrow
[15:56] {stevw} have a good night all
[15:57] {dino} gn all, thx for ideas, good day