Tuesday, September 17, 2013

Sept 17 2013

Babies got to keep their candies today. Not that we didn't get nice wins, but stops outweighed them in low volume narrow market full of rinses. Market is really biding its time waiting for tomorrow's "taper - no taper" decision.

Session Time: Tue Sep 17 00:00:00 2013
[08:31] {nemo} "Only two things are infinite, the universe and human stupidity, and I'm not sure about the former." - Albert Einstein
[08:54] {nemo} almost 9 and only 550k spy traded, gonna' be a bit slow here
[09:06] {+cc_9} gm
01[09:06] {&Threei}  cc9 :)
[09:10] {+cc_9} MSFT active pre-M on $40B share buying and divi increase
[09:16] {nemo} the msft death knell
01[09:16] {&Threei}  certainly feels that way
[09:16] {nemo} we need bird brain for a Poe Quote
[09:17] {nemo} Had to resort to the painkiller early today
[09:17] {Will49} gm
01[09:17] {&Threei}  and enjoyed every crumb of it?
[09:17] {nemo} will, got a question?
01[09:17] {&Threei}  will :)
[09:18] {Will49} no
[09:18] {nemo} is the 49 in your nick the year you were born, or your IQ?
[09:18] {Will49} IQ, was born in 39
[09:18] {nemo} well, at least it's bigger than your belt size
[09:18] {nemo} it is, isn't it?
[09:18] {Will49} burr under the saddle this morning nemo?
[09:19] {nemo} hemmrhoid mixed with broken toe, and that time of the month
[09:19] {Will49} ok you're forgiven then
[09:20] {nemo} like I give a shit
[09:20] {Will49} oh...and have a little respect for your elders :)
[09:20] {nemo} would you like me to help your soul transition?
[09:20] {Will49} that's already planned
[09:20] {nemo} my services are quite reasonable
[09:21] {Will49} I only do business locally
[09:21] {RonS} gm...lol
01[09:21] {&Threei}  lol
[09:21] {nemo} I'd make an exception for you Will
01[09:21] {&Threei}  ron :)
[09:21] {nemo} love this quote:
[09:22] {nemo} Sergeant Hartman (R. Lee Ermey): “I bet you’re the kind of guy that would fuck a person in the ass and not even have the goddamn common courtesy to give him a reach-around. I’ll be watching you.”  From the movie "Full Metal Jacket"
[09:22] {nemo} minor custodial editing required  ;-)
[09:23] {bryl} gm
01[09:24] {&Threei}  bryl :)
[09:24] {bryl} ah   ok the topic is?
01[09:24] {&Threei}  ?
[09:24] {nemo} it's an "off" topic
01[09:24] {&Threei}  GLD
01[09:24] {&Threei}  forming DBI
01[09:24] {&Threei}  hopefully it waits for us
01[09:24] {&Threei}  yeah right
[09:25] {nemo} Mrs. Lincoln moment
[09:26] {Alexs} gm
01[09:27] {&Threei}  alex :)
[09:27] {cipher} gm
01[09:27] {&Threei}  cipher :)
01[09:27] {&Threei}  watch GLD
01[09:27] {&Threei}  bounce over ,80 still may present short opportunity
01[09:29] {&Threei} Short Setup: GLD  .80 break
01[09:29] {&Threei}  If holds  .90
[09:30] {+cc_9} OMER, i think this will be an interesting chart today
[09:31] {ese} gm
01[09:31] {&Threei}  ese :)
01[09:32] {&Threei}  wow
01[09:32] {&Threei}  quite narrow opening
01[09:33] {&Threei}  trail to .86
[09:34] {nemo} yeah, spy had barely done 600k by 9
01[09:34] {&Threei}  no one wants to tarde ahead of FOMC with historic "taper or no taper" theme?
[09:35] {+cc_9} OMER fighting $8.00
[09:35] {+cc_9} MSFT hitting fresh lows
01[09:35] {&Threei}  no go GLD
[09:35] {Alexs} it was meh
[09:36] {+cc_9} No confidence in MSFT it seems, news was pretty stellar
01[09:36] {&Threei} Short Setup: GDX  .65 break
01[09:36] {&Threei}  If holds  .70
[09:37] {+cc_9} OMER still dropping
01[09:40] {&Threei}  meh
[09:40] {jdetente} the baby is hitting us in the face with the candy
[09:41] {jdetente} hehe
[09:41] {Alexs} lol
[09:41] {nemo} BA at the top of a channel on daily 10 day run, and had problems with R1 today, might finally be ready to short
01[09:41] {&Threei}  well, after all we did to it over last few weeks, can you blame it?
[09:41] {Alexs} sure we can
01[09:41] {&Threei}  and will? :)
[09:42] {Will49} I blame nemo
01[09:42] {&Threei}  me too
01[09:42] {&Threei} Long Setup:  IWM  .20 break
[09:42] {nemo} Time for mobile transition services to take a road trip
01[09:42] {&Threei}  If holds  .14
01[09:42] {&Threei}  Invalidated
[09:43] {+cc_9} MSFT new session lows again
[09:43] {+cc_9} $40
[09:44] {+cc_9} $40B buy back and increase in divi = going down
[09:45] {RonS} well, there was the news that IBM going to spend $1bil promotinh Linux...
01[09:45] {&Threei}  GLD and GDX are SoMGs
[09:46] {nemo} Linux more secure then Dos
[09:46] {Will49} GLD, GDX, NEMO
[09:46] {jdetente} creeps
[09:46] {fish_49} nah  GDX  is DoMG
01[09:46] {&Threei}  lol
[09:46] {jdetente} ha
[09:48] {nemo} Hey fishface, did you notice on the Newtown incident last year how for the first few days there was a consistent denial that the "Bushmaster" was used, then all of a sudden it was used?
01[09:48] {&Threei} Short Setup: GDX  .65 break
[09:49] {+cc_9} MSFT long here for a 33.30-40 bounce
[09:49] {fish_49} yea but does it matter which rifle was used?
[09:50] {nemo} not my point
01[09:50] {&Threei}  guys, leave it for later pls
[09:50] {fish_49} it could have been a mud master and then mudmaster would have gotten the blame
[09:50] {Alexs} stop .71 ?
01[09:50] {&Threei}  If holds  .70
[09:50] {nemo} that's my point...orchestrated lie
[09:50] {fish_49} later
[09:51] {nemo} msft .00 bounce possible, MA and pivot support
[09:51] {+cc_9} If share buying and increase divi makes a stock go down, I wonder what helps it go up
01[09:51] {&Threei}  secondaries and dividend cut, duh
[09:52] {nemo} they
[09:53] {nemo} re trying to push spy up to check for stops aboe 171
01[09:53] {&Threei} Long Setup:  CAT  .90 break hl
01[09:53] {&Threei}  If holds  .90
01[09:53] {&Threei}  .80
01[09:53] {&Threei}  1:1
[09:57] {+cc_9} MSFT s/l 32.90
[09:57] {+cc_9} so far, a real dog
01[09:59] {&Threei}  *(US) SEPT NAHB HOUSING MARKET INDEX: 58 V 59E
01[10:01] {&Threei}  1:1
01[10:01] {&Threei}  let's slap those emboldened babies back
01[10:01] {&Threei}  what's the deal really, no respect for grownups
[10:01] {jdetente} and make them eat peas
01[10:01] {&Threei}  right
[10:02] {nemo} you wusses, make them eat cauliflower
01[10:02] {&Threei}  no
01[10:02] {&Threei}  cruel and unusual punishment
[10:02] {nemo} frickin' amateurs
01[10:02] {&Threei}  next thing you know, you make them eat broccoli
[10:02] {nemo} what, you expecting candy and roses from me?
01[10:02] {&Threei}  I won't do it to innocent babies
[10:03] {+cc_9} Let me say that again, for the last time
[10:03] {+cc_9} $40B share buyback, increased divi, stock down (MSFT)
[10:03] {nemo} look...if you're in this world, your not innocent
[10:03] {nemo} it's the msft death knell
01[10:03] {&Threei}  cc9... you wanted to say something about MSFT is I recall correctly?
01[10:04] {&Threei}  is = if
[10:07] {+cc_9} 35M shares, nothing but a fade, quite absurd
[10:15] {nemo} short signal fas
01[10:16] {&Threei}  GDX stop to .61
01[10:16] {&Threei} Short Setup: C  .10 break
01[10:16] {&Threei}  If holds  .20
01[10:16] {&Threei}  GDX 1:2
[10:17] {jdetente} the baby is crying
01[10:17] {&Threei}  we will teach those babies respect
[10:17] {nemo} use vaseline next time
01[10:17] {&Threei}  frikin GLD
[10:17] {jdetente} I took its rattle and crushed it under my boot
[10:17] {nemo} tough guy
[10:18] {jdetente} lol
[10:19] {nemo} there were these great cartoons when I was a kid, I forgot exactly what it was called, but one of them was "diaper man"  he was a super hero baby
[10:19] {nemo} cracked me up
[10:19] {jdetente} that's a fetish now
[10:19] {jdetente} men wearing diapers
[10:19] {nemo} The Mighty Heroes:  http://www.youtube.com/watch?v=72rYHuWidSM
[10:20] {jdetente} wow...now that's a low rent cartoon
[10:21] {nemo} yeah, creators had to be on drugs...it was hilarious
[10:21] {nemo} http://www.youtube.com/watch?v=4PrLVgR6J84
[10:27] {ese} L brcm .64
[10:28] {ese} awesome
[10:28] {+cc_9} MSFT .91 LOD
[10:28] {ese} go to type the call look back and it bounces up
[10:29] {ese} damn.......go to typle my excitement and it retraces same bar
[10:29] {ese} damn
[10:29] {jdetente} type or tipple??
[10:30] {ese} cool.....no it bounces back up......how ldoes one stand so much excitement in one day
[10:30] {ese} tipple......i'm drunk
[10:30] {jdetente} sounds about right
[10:36] {ese} sheesh.......the thing says i was "terminated"
[10:36] {Will49} programmed to terminate drunks
[10:36] {ese} lol
[10:36] {nemo} obviously not...that's the problem with hope
[10:38] {jdetente} yeah Will we're still all here
[10:39] {Will49} hale, hale the gang's all here
[10:39] {Will49} or is it hail?
[10:39] {nemo} latter
[10:39] {nemo} forgot your Alzheimer's medicine (no pun intended)
[10:39] {Will49} tks professor
01[10:39] {&Threei} Short Setup: C  .10 break
01[10:39] {&Threei}  If holds  .20
[10:42] {drewj} so will 1;1 be at 51.00?
[10:43] {Will49} yes
[10:43] {drewj} thanks.  how are you will?
[10:43] {Will49} forgetful thanks
[10:44] {+cc_9} MSFT back over 33. Last wall was 33.10
[10:44] {Will49}  meant grateful :)
[10:44] {drewj} it's all good
[10:44] {Will49} every day above ground is a good day
[10:45] {Will49} nemo notwithstanding
[10:45] {drewj} that's a greatful attitude
[10:46] {Alexs} stop on C to .16?
[10:46] {nemo} excuse me guys, had to go puke
01[10:46] {&Threei}  .17
[10:47] {Will49} i refuse to answer on the grounds that...
[10:47] {nemo} you forgot what you were going to say
[10:47] {Will49} yea...aint it a bitch?
[10:47] {nemo} don't talk about Les' wife that way
[10:47] {nemo} can you blame her
[10:48] {Will49} :)
[10:48] {nemo} she's married to him
[10:48] {Will49} she always speaks kindly of you
[10:49] {nemo} I make up for his deficiencies
[10:49] {nemo} and they are legion
[10:50] {nemo} outr
[10:53] {nemo} kyth
[10:54] {Will49} is this some sort of alien language?
[10:54] {nemo} to you , yeah
[10:54] {fish_49} TWI  Will
[10:54] {Will49} bingo
[10:54] {fish_49} Trading while Intoxicated
[10:55] {Will49} yeah Fish...that's likely it
[10:55] {Will49} his toe is bothering him again
[10:55] {Will49} like an old lion with a thorn in his ass
[10:56] {nemo} wrong fable will
[10:57] {nemo} It's a bitch having to run downstairs on a broken toe to keep seperating bunny and my father...frickin' mortal combat
[10:57] {Will49} LOL
[10:57] {Will49} try separating them
[10:58] {nemo} regular Monty Python movie
[10:58] {Will49} killer bunny
[10:58] {Will49} funniest stuff ever
[10:58] {nemo} yeah, amazing how aggressive they are
01[10:59] {&Threei}  amazingly slow and narrow market
01[11:00] {&Threei}  stop to .16
[11:00] {Will49} knew a girl once who was slow and narrow
01[11:01] {&Threei}  1:1
[11:01] {jdetente} the best kind
[11:01] {RonS} FCX long or short?
[11:01] {nemo} yes
01[11:01] {&Threei}  lol
01[11:01] {&Threei}  I like long more
01[11:01] {&Threei}  if holds .44
[11:01] {nemo} I like stories
[11:01] {drewj} stop on c to 51?
01[11:01] {&Threei}  .10
01[11:02] {&Threei}  51 was 1:1
01[11:02] {&Threei}  .10 is b/e
[11:02] {Alexs} .11?
[11:02] {drewj} ok
01[11:02] {&Threei}  right
[11:02] {drewj} 1:2 at .90?
01[11:02] {&Threei}  right
[11:02] {jdetente} yes
01[11:03] {&Threei}  I just got a delegation from babies
[11:03] {drewj} anybody thinking here?
[11:03] {fish_49} gotta run  take care all.
[11:03] {jdetente} see ya fish
[11:03] {drewj} bye fish
[11:03] {nemo} must be tough to do on fins
[11:03] {Will49} see ya Fish
01[11:03] {&Threei}  take care fish
01[11:03] {&Threei}  they send a plea to leave them some candies
[11:03] {Will49} quick nemo...quick
01[11:03] {&Threei}  apologized for the morning attempt to rebel
[11:03] {Alexs} fair share fish
[11:10] {robbers} Nice call on C, Vad, I'm out now.
01[11:11] {&Threei}  :)
[11:11] {nemo} the brownnosers around here, sheesh
[11:13] {Will49} hope they have some preparation X at hand
[11:13] {Will49} ?what does that even mean?
[11:17] {nemo} Preparation H?
[11:17] {Will49} yeah...that's it
01[11:17] {&Threei} Long Setup:  FCX  .50 break
[11:17] {drewj} nice one will.
01[11:17] {&Threei}  If holds  .45
[11:20] {drewj} is it right to move stop down on c?
01[11:21] {&Threei}  .08, if that's crucial
[11:23] {drewj} fcx still valid?
01[11:25] {&Threei}  nah
01[11:25] {&Threei}  lost drive
[11:26] {drewj} so c stop is .10 or .11 ?
01[11:28] {&Threei}  .10 is resistance
01[11:28] {&Threei}  break of it signifies stop
01[11:28] {&Threei}  break occurs when it trades at .11
[11:28] {drewj} so a print of .11 is the stop
01[11:28] {&Threei}  right
[11:29] {drewj} out
[11:30] {drewj} but i actually added a little capital
[11:30] {drewj} question...
[11:30] {+cc_9} MSFT flat lining since 11:07AM
[11:31] {drewj} c got down to .94 and i almost took it...
[11:31] {drewj} but instead i stayed in according to SOP...
01[11:31] {&Threei}  good
[11:32] {drewj} so the question is will i be more profitable over time if
[11:32] {drewj} I follow the plan to a T
[11:32] {drewj} or
[11:32] {drewj} if I grab it when it's good
01[11:32] {&Threei}  the most [rofitable way is to follow SOP in most cases and devioate from it when market conditions dictate it
[11:32] {jdetente} the former
[11:32] {drewj} understand?
01[11:32] {&Threei}  while there are cases where deviation is recommended, let's learn following SOP first
01[11:33] {&Threei}  when you have it down cold, we can make next step
[11:33] {drewj} that has been one of my problems...I've been deviating way too early.
[11:33] {drewj} got you...and I do feel better.
01[11:33] {&Threei}  before you introduce your variation to the theme, you learn theme itself :)
[11:33] {drewj} understood.
[11:36] {drewj} thanks
[11:37] {Will49} Vad...would a market variation be to simply scalp the rest of the day?
01[11:37] {&Threei}  if this slow swamp continues, certainly
[11:37] {Will49} tks
01[11:38] {&Threei}  if some event breaks this monotonous slow trading, it may change
[11:41] {drewj} so what does that mean as far as SOP?
01[11:41] {&Threei}  taking full scalp around 1:1
[11:41] {nemo} glue your hands to the chair
[11:41] {drewj} ha...
01[11:41] {&Threei}  usually recommended during lunch time
01[11:42] {&Threei}  nd today whole day is like lunch, lol
[11:43] {+cc_9} SOHU dumping
[11:44] {+cc_9} $5.00 fade from HOD
[11:48] {nemo} unh
[11:49] {nemo} probably should bounce to the .50 area
[11:49] {+cc_9} SOHU more fresh lows
[11:50] {nemo} 67ish bounce
[11:50] {jdetente} alright time for a little Jameson in my coffee
[11:50] {+cc_9} MSFT 1 hour to bounce 0.20. 3 minutes to give it all back.
[11:50] {+cc_9} SOHU looks more active
[11:50] {nemo} put a frickin' stake in it
[11:52] {+cc_9} SOHU first dead cat bounce was worth $1.00
[11:52] {+cc_9} Lets see what it gets on this one
[11:52] {ese} cya tomorrow......am hittin the sac......don't feel that well.
01[11:53] {&Threei}  take care ese
01[11:56] {&Threei}  frikin C
[11:56] {nemo} It's Les' fault
[11:57] {+cc_9} SOHU catching some bids
[11:57] {+cc_9} trying SOHU light here 67.81
[11:57] {+cc_9} 68.50+ tgt
[11:57] {nemo} new Chinese Beer?
[11:58] {RonS} in .42  tgt 68.65
[11:58] {nemo} pivot at .75
[11:58] {nemo} 69 realistic
[11:58] {nemo} time of day not in your favor
[11:59] {+cc_9} SOHU trying 68s now
[12:01] {+cc_9} tighter spread always good
[12:01] {+cc_9} $68.20s
[12:01] {+cc_9} +$0.40, staying in
[12:01] {nemo} there's a joke in there
[12:02] {+cc_9} bid back to teens, spread wide again, need some ask slap to tighten it
[12:02] {RonS} out sohu 68.15 +.73  thanks cc...
[12:02] {+cc_9} nemo what ?
[12:02] {+cc_9} good job Ron
[12:03] {nemo} [12:02] {+cc_9} tighter spread always good  {{there's a joke in there
[12:03] {+cc_9} Yes, I know
[12:03] {+cc_9} hence
[12:03] {nemo} your comment
[12:03] {+cc_9} 12:03 cc_9 bid back to teens, spread wide again, need some ask slap to tighten it
[12:03] {nemo} Believe me, I got it
[12:03] {nemo} frickin' perv
[12:04] {+cc_9} :(
[12:04] {nemo} aw c'mon, you're proud of it
[12:04] {+cc_9} SOHU, come on, gimme 68.50 bid!
[12:04] {nemo} if you visit Les' don't let him introduce you to his sheep friends
[12:08] {+cc_9} SOHU 68.50 target @ offer
[12:08] {+cc_9} come on, just a little more
[12:10] {+cc_9} Is it gonna be one of those "ill get to the tgt price @ the ask then ill fade back to LOD so you don't get what you want" kind of trade ?
[12:11] {nemo} given time of day it may fade back to a IH&S or C&H, but it'll depend on how weak the indexes are a little later
[12:11] {RonS} hate it when I miss an exit by 1 or 2 cents...infuriating
[12:12] {+cc_9} SPY has been unchanged since 9:50AM
[12:12] {+cc_9} Ron, yes, worst feeling
[12:12] {nemo} life is a series of proverbial pubic hairs Ron
[12:12] {+cc_9} You set your limit exit and you can almost see it print @ the offer, the bid drops and you get stuck holding
01[12:14] {&Threei} Short Setup: CAT  .15 break
01[12:14] {&Threei}  If holds  .25
[12:17] {+cc_9} SOHU, here comes the bids
[12:19] {+cc_9} out SOHU 68.47. +$0.66
[12:20] {RonS} gj
[12:22] {+cc_9} ty
[12:26] {+cc_9} SOHU, there goes the 68.50 bid at last.
01[12:27] {&Threei}  no go
[12:28] {drewj} followed SOP
[12:28] {jdetente} bad kitty
[12:28] {jdetente} you're supposed to die
[12:28] {+cc_9} SOHU closing in on $69. $1.50 reversal thus far
[12:32] {jdetente} SoMG!
01[12:33] {&Threei}  sheeesh
[12:33] {+cc_9} And there she goes, SOHU } $69
01[12:33] {&Threei}  that's a degree of evil and treacherousness even nemo couldn't fathim
[12:33] {+cc_9} nice and clean reversal, took some time, but can't complain.
01[12:35] {&Threei}  I van't believe this
01[12:35] {&Threei}  can't
01[12:35] {&Threei} Short Setup: C  .90 break
01[12:35] {&Threei}  it's those vindictive babies, I am sure
[12:36] {+cc_9} Piers Morgan aka Tears Morgan went on TV yesterday working hard on the AR-15 ban
[12:36] {jdetente} of course he did...
[12:36] {+cc_9} Because thanks to CNN's reporting, it was stated that the shooter used an AR-15
[12:36] {+cc_9} only to know that today, he did not actually have an AR-15
[12:36] {+cc_9} rather just handgun and shotgun
01[12:37] {&Threei}  can we send him back to UK?
[12:37] {drewj} so is it all out at .80?
[12:37] {jdetente} they won't have him back
[12:37] {+cc_9} If by the UK you mean tie him up, stick his feet in a bucket of cement then dumping him 500 miles off shore, yes.
[12:37] {jdetente} payback for rebelling back in teh day
01[12:37] {&Threei}  it's a personal choice drew
[12:38] {drewj} what are you going to do?
01[12:38] {&Threei}  ride it
[12:39] {drewj} ok
01[12:39] {&Threei}  Larry King he is not
[12:39] {+cc_9} Tears Morgan is nothing but a tabloid hack who left the UK soon as the scandal hit the wires.
[12:39] {+cc_9} Why does he have a prime time show on a news network is beyond me.
[12:40] {drewj} where is stop on c?
01[12:40] {&Threei}  51 for now
[12:41] {Alexs} He's nice looking guy cc
[12:41] {jdetente} he is???
[12:41] {jdetente} in what world
01[12:41] {&Threei}  progressive {G}
[12:42] {RonS} smarmy, snarky sanctimonious pip...
[12:42] {Alexs} he understands my need
[12:43] {jdetente} this is for nemo
[12:43] {jdetente} http://31.media.tumblr.com/21a8c783700c78207bf1ed9d53255d32/tumblr_mie3svADXH1rbzriko1_400.jpg
[12:43] {+cc_9} http://imgkk.com/i/_l6f.jpg
[12:44] {jdetente} even better
[12:44] {jdetente} lol
01[12:45] {&Threei}  alex... you make me very worried
01[12:46] {&Threei}  I mean, this:
01[12:46] {&Threei}  [12:41] {Alexs} He's nice looking guy
01[12:46] {&Threei}  followed by this:
01[12:46] {&Threei}  [12:42] {Alexs} he understands my need
01[12:46] {&Threei}  is a cause for serious concern...
[12:46] {jdetente} "not that there's anything wrong with it"
01[12:46] {&Threei}  :)
[12:46] {Alexs} that's what you did to me Vad
01[12:47] {&Threei}  say it ain't so
[12:47] {Will49} Alex...better stay out of Russia
[12:48] {+cc_9} BERY damn it missing reversal
[12:48] {Alexs} i'm trying Will
[12:49] {+cc_9} how the hell did we miss BERY
[12:49] {RonS} my scanner has been down...
[12:50] {+cc_9} that ticket was a SOHU on crack
01[12:50] {&Threei}  and I am busy fidning slow losing trades
[12:50] {+cc_9} by crack I mean roids
[12:51] {+cc_9} Only trades today are going to  have to be momentum trades
[12:51] {+cc_9} market/index related all sideways
[12:51] {+cc_9} SPY unchanged for 3 hours and counting
[12:58] {jdetente} blech
[12:58] {drewj} :(
01[12:58] {&Threei}  sigh
[13:00] {Will49} think I'll go sort my sock drawer
[13:01] {Will49} see you guys
01[13:01] {&Threei}  all of it??
[13:02] {Alexs} nemo do you know russian word: blyad?
[13:02] {nemo} no
[13:03] {Alexs} russians say it than they lose two trades
[13:09] {nemo} I took Will for more of a ped guy
[13:13] {Alexs} fb reversal?
01[13:13] {&Threei}  no clear read
[13:17] {+cc_9} BERY ughhh
[13:18] {nemo} that's got dino written all over it
[13:18] {nemo} wow. bounced right at the 200 day
[13:22] {Alexs} swy long .50?
01[13:23] {&Threei}  by the way today goes, no... exacty kind of trades that fail
[13:27] {+cc_9} BERY SoMFG
[13:27] {nemo} short might be developing in it.  If it's gonna' between .40 and .50 probably
01[13:31] {&Threei} Short Setup: MCD  98 break
01[13:31] {&Threei}  If holds  .08
01[13:43] {&Threei}  see what SWY does?
[13:43] {Alexs} yup
01[13:44] {&Threei}  Invalidated  MCD
01[13:49] {&Threei}  actually...
01[13:49] {&Threei}  should have just shorted SWY at .50 recross
01[13:49] {&Threei}  trapping breakout buyers
01[13:50] {&Threei}  thought of it too late
[13:50] {Alexs} can't forgive you
01[13:52] {&Threei}  makes two of us
[14:00] {nemo} spy to test all time highs
[14:01] {nemo} clvs
01[14:05] {&Threei} Long Setup:  TZA  .55 break
01[14:05] {&Threei}  If holds  .50
01[14:19] {&Threei}  IWM looks toppy
01[14:19] {&Threei}  come on TZA
[14:20] {nemo} iwm spy and fas at inflection, got short signals about six minutes ago
[14:20] {drewj} seriously
[14:21] {nemo} what seriously?
[14:21] {drewj} seriously come on tza
[14:21] {Alexs} lol
[14:21] {drewj} :)
[14:22] {jdetente} zzzzzzzzz
[14:24] {Alexs} blyad
[14:25] {jdetente} Walter had it right
[14:25] {jdetente} http://www.youtube.com/watch?v=puIstclBcO0
[14:26] {nemo} so, they're running this thing up today, must be sell the news tomorrow
[14:26] {drewj} you got it j
01[14:27] {&Threei}  lol
01[14:27] {&Threei}  (US) US Senate Minority Leader McConnell (R-KY): Would be surprised if there was no deficit reduction in the debt ceiling increase legislation- US Senate Majority Leader Reid (D-NV): GOP is ready to use the debt ceiling increase as a 'hostage'
01[14:56] {&Threei} Short Setup: FB  .90 brea8
01[14:56] {&Threei} Short Setup: FB  .80 break
01[14:56] {&Threei}  If holds  .90
[15:02] {Alexs} stop still .91?
01[15:02] {&Threei}  yeah
01[15:02] {&Threei}  no level to trail
[15:02] {Alexs} .88
01[15:02] {&Threei}  if it drops fropm here we will get one
01[15:02] {&Threei}  shrug
[15:03] {Alexs} atlas?
01[15:03] {&Threei}  if you insist... I dpn't like it
01[15:03] {&Threei}  .88 is not real rsistance
01[15:04] {&Threei}  you gotta be kidding FB
[15:04] {jdetente} head fakin' mofo
01[15:05] {&Threei}  some days should not be in calendar
[15:06] {Alexs} it's not fair
01[15:06] {&Threei}  lol
[15:07] {jdetente} alright fellas I'm taking Walter's advice.
[15:07] {jdetente} See ya all tomorrow
01[15:07] {&Threei}  take care jd
01[15:07] {&Threei}  I'll try to find one more
[15:07] {drewj} bye j
[15:07] {Alexs} don't leave us jd
[15:08] {jdetente} don't worry I'll leave you with a picture of your dreamboat
[15:08] {jdetente} http://m5.paperblog.com/i/39/394671/vote-for-the-worst-media-bias-of-2012-L-I8Inbl.jpeg
[15:09] {Alexs} :)
[15:10] {Alexs} I knew you like him
01[15:22] {&Threei} Short Setup: GLD  .50 break
01[15:22] {&Threei}  If holds  .60
01[15:22] {&Threei}  there has to be some fear of taper starting tomorrow, no?
[15:23] {Alexs} I got fear
[15:23] {Alexs} today
[15:24] {drewj} me too alex
01[15:24] {&Threei}  why?
[15:24] {Alexs} :)
[15:25] {Alexs} I aleays fear
[15:25] {Alexs} always
01[15:26] {&Threei}  well, as long as you are comfortable :)
[15:29] {drewj} missed it...
01[15:30] {&Threei}  - NYSE volume 370M shares, about 17% below its three-month average
01[15:32] {&Threei}  trail to .56
[15:32] {drewj} should i get in?
01[15:33] {&Threei}  if it touches the price you wanted, why not
01[15:34] {&Threei}  stop is tighter now
01[15:41] {&Threei}  trail stop to .51
01[15:41] {&Threei}  profit or not but we are not losing money on this one
[15:44] {+cc_9} DVA would watch this for some profit taking
[15:44] {+cc_9} huge run up intraday
01[15:46] {&Threei}  whatever GLD
01[15:46] {&Threei}  ok guys, thankl you all
01[15:47] {&Threei}  have a good evening, see you tomorrow
[15:47] {drewj} ok...have a good evening
[15:47] {Alexs} fair share Vad
[15:47] {goinshort} Thanks V
01[15:47] {&Threei}  not today alex
01[15:47] {&Threei}  today babies got their candies
01[15:47] {&Threei}  gs :_
[15:47] {Alexs} lol
01[15:47] {&Threei}  :)