Session Time: Wed Sep 18 00:00:00 2013
[09:14] {RonS} gm...are we the lonely guys today?
01[09:14] {&Threei} morning ron
[09:14] {dino} gm
01[09:14] {&Threei} folks sleep till last seconds :)
01[09:14] {&Threei} dino, welcome back
01[09:14] {&Threei} how was the trip?
[09:15] {dino} great time
01[09:15] {&Threei} :)
[09:16] {RonS} ya, were you the guy that shot a 59?
[09:16] {cipher} gm
[09:16] {dino} lol, i wouldn't be here if i did
01[09:16] {&Threei} cipher :)
[09:19] {Will49} gm
01[09:20] {&Threei} will :)
[09:21] {fish_49} gm all
01[09:22] {&Threei} fish :)
[09:22] {Alexs} gm
01[09:22] {&Threei} alex :)
[09:23] {fish_49} GM Alex
[09:23] {Alexs} fish :)
[09:23] {drewj} gm
01[09:23] {&Threei} drew :)
[09:23] {fish_49} Drew you ever use a mantra?
[09:23] {nemo} http://msn.foxsports.com/lacesout/ex-viking-christian-ballard-quit-because-he-wasnt-having-fun/
[09:23] {nemo} oops sorry
[09:24] {drewj} well...i suppose. do you have one for me?
[09:24] {nemo} We should weep for men at their birth, not at their death. ~ Montesquieu
[09:24] {robbers} I have one: chaching!
[09:24] {drewj} :)
[09:25] {fish_49} Yes "it's gonna be a great day and I will follow all rules today" say it until 9:29 am
[09:25] {nemo} All work and no play makes Jack a dull boy
[09:25] {nemo} Soylent Green is People!
[09:25] {drewj} I like it...
[09:25] {jdetente} Good morning
01[09:25] {&Threei} jd :)
[09:25] {drewj} gm jd
[09:25] {nemo} debateable
[09:25] {jdetente} Let's get those babies
01[09:25] {&Threei} mine is: where is that baby with candy?
[09:25] {drewj} amen
[09:26] {nemo} club the little bastards
[09:26] {drewj} that too.
[09:26] {jdetente} baby seals with candy??
01[09:26] {&Threei} that mutiny must end
[09:26] {drewj} whatever it takes to get the candy
[09:26] {Alexs} got new pictures jd ?
[09:26] {nemo} no babies, I hate humans, like animals
01[09:26] {&Threei} who told them they get to keep those candies
[09:27] {+cc_9} good morning
[09:27] {nemo} so...we in hurry up and wait mode?
[09:27] {fish_49} any speculation on Crude inventories today?
[09:27] {goinshort} morning all
[09:28] {nemo} Let's see, if I start drinking now, and stop by 11:00 I should be relatively sober by the Beard
01[09:28] {&Threei} cc0, gs :)
[09:28] {jdetente} no pictures Alex
[09:28] {fish_49} in the 30's up there this am Nemo?
[09:28] {jdetente} lol
[09:28] {nemo} a tit bit nipply
[09:29] {Will49} oooh I like nipply
[09:29] {fish_49} below freezing yet?
[09:29] {nemo} Don't think so
01[09:29] {&Threei} Short Setup: C 51 break hl
01[09:29] {&Threei} If holds .10
[09:30] {+cc_9} SOHU round 2
[09:30] {+cc_9} should hit north of $70
[09:31] {+cc_9} BOOM
[09:31] {+cc_9} WHOAAAAAA
[09:31] {+cc_9} $71
[09:31] {nemo} yeah...wtf
[09:32] {dino} cef blood
[09:32] {dino} bad print/
01[09:32] {&Threei} Short Setup: GDX .65 break
01[09:32] {&Threei} If holds .70
[09:33] {+cc_9} nemo, here is my SOHU trade }}} http://img707.imageshack.us/img707/5559/5v8s.jpg
[09:34] {+cc_9} Calling it a day :D
01[09:34] {&Threei} lol
01[09:34] {&Threei} meh C
[09:35] {+cc_9} SOHU } $71.00. Lord have mercy
[09:35] {nemo} fun spread
[09:35] {jdetente} most spreads are
[09:36] {+cc_9} Spread or not, it went up over $2.00
[09:37] {nemo} nice j
[09:37] {nemo} clap....I can't...tight, huh?
01[09:37] {&Threei} half out GDX
01[09:38] {&Threei} stop .68
[09:41] {jdetente} this GDX baby needs to get clubbed
01[09:41] {&Threei} stop .66
01[09:44] {&Threei} SPY is glued to 15 cents range
[09:50] {dino} rkt drop
[09:51] {dino} sm l .75 gappy
[09:51] {fish_49} out in full thanks Vad
01[09:51] {&Threei} yw
[09:52] {Will49} out...better than a poke in the eye with a sharp stick
[09:52] {Will49} good tight call Vad
[09:52] {+cc_9} SOHU don't look now, nearing $72.50 lol
[09:52] {fish_49} are you in?
01[09:54] {&Threei} (US) Senate Majority Leader Reid (D-NV): House Republicans are proposing absurd ideas as part of the stop-gap funding bill, GOP obsession with Obamacare is a huge problem - Follow up 09:53ET: House Speaker Boehner reportedly confirmed plan to bring a CR to the floor that funds the government and defunds Obamacare - National Review
[09:55] {dino} stop rkt .39 -.36
[09:57] {+cc_9} fish, in what ?
[09:57] {Will49} intense
[09:58] {Will49} in vitro
[09:58] {fish_49} SOHU
01[09:59] {&Threei} Long Setup: LVS .50 break hl
[09:59] {+cc_9} fish, read up, I posted my trade on SOHU
01[09:59] {&Threei} If holds .45
[09:59] {+cc_9} Here it is again }}} (click) http://img266.imageshack.us/img266/3254/vbv1.jpg
[10:00] {dino} rkt sm l .75
01[10:01] {&Threei} meh
01[10:01] {&Threei} actually, 1/2 meh
[10:01] {fish_49} yea meh but small stop thanks Vad
01[10:01] {&Threei} rinse?
01[10:01] {&Threei} sheesh
[10:01] {fish_49} yea I got filed
[10:01] {dino} aegr drop
[10:03] {nemo} you got defiled?
[10:03] {Alexs} lol
[10:03] {nemo} can't defile the willing
[10:03] {Will49} keep me out of this
01[10:04] {&Threei} why... you can, but leaving him in the lurch
01[10:04] {&Threei} by
[10:04] {nemo} he's thinking of his sheep buddies again
[10:05] {Will49} serious question: is the tight SPY range result of mostly machine buying?
[10:05] {nemo} FED DAY!!!!
[10:05] {Will49} and selling
01[10:06] {&Threei} pains me to say Will, but nemo is right
[10:06] {Will49} FED news not until market close though
06[10:06] * nemo is dancin' a jig
01[10:06] {&Threei} not only it's a fed day, but kind of unique one
[10:06] {RonS} took rkt -.40 on 200, again at 113.78 out 114.45 on 300 +.67
[10:06] {Will49} wouldn't traders trade normally until then?
[10:07] {nemo} Will?
[10:07] {RonS} thanks dino
[10:07] {nemo} You gettin' your info from Les or somethin'?
[10:07] {Will49} just wondering
01[10:07] {&Threei} on usual FOMC days, yes, morning is active, then everyone goes into waiting mode
01[10:08] {&Threei} today's decision weighs more than normally
[10:08] {Will49} so everyone keeping their powder dry then?
01[10:08] {&Threei} and everybody is afraid to get caught on the wrong side
[10:09] {dino} gj ron
01[10:09] {&Threei} Short Setup: SLW .15 break
[10:10] {nemo} yes, today is a microcosm of the marriage equation
01[10:10] {&Threei} If holds .25
[10:10] {nemo} frickin sohu
[10:10] {+cc_9} SOHU parabolic
[10:13] {jdetente} LVS - SoFMG
01[10:13] {&Threei} yeah
01[10:14] {&Threei} stop to .21
[10:14] {nemo} mjn
[10:14] {nemo} loks long here to .60ish
[10:15] {nemo} break above .20
[10:18] {RonS} 3i, ese sick?
01[10:18] {&Threei} didn't hear from him since yesterday
[10:18] {drewj} he's out spending his money
[10:19] {fish_49} Out SLW +04 thanks Vad
01[10:19] {&Threei} hmmm
[10:19] {fish_49} got scared lol
01[10:19] {&Threei} you don't need much and are easy to please, aren't you :)
[10:20] {fish_49} yes sir today is scalp day for me
01[10:20] {&Threei} yeah but 4 cents... unless you have a few thousand shares :)
[10:20] {fish_49} only 1K
[10:21] {fish_49} I don't like the chart
01[10:21] {&Threei} {Chart} :(
[10:22] {fish_49} perhaps nervous today
[10:22] {jdetente} I thought fish don't have feelings??
[10:23] {fish_49} hell yea right below the gill
01[10:23] {&Threei} lol
[10:23] {fish_49} crude report out at 10:30?
[10:23] {Alexs} forgot you taught drew in the morning fish?
01[10:23] {&Threei} yes
[10:24] {drewj} it's going to be a good day and you're going to follow all the rules:)
[10:24] {fish_49} My news service slow will you post it Vad?
01[10:24] {&Threei} ok
[10:24] {fish_49} I didn't teach Drew I just want him to do well
[10:24] {drewj} you too man
01[10:24] {&Threei} (US) House GOP representatives indicate that the continuing resolution (CR) offered will keep current sequester spending levels in place to fund the Govt through to Dec 15 - press- House Majority Leader Cantor (R-VA): Fight over Obamacare will continue into the debt ceiling debate
01[10:25] {&Threei} (US) Preview: Weekly DOE Crude Oil Inventories expected at 10:30 ET (14:30 GMT)**Consensus expectations: Crude: -1Me Gasoline: +0.5Me Distillate: +1Me Utilization: 92.1%e v 92.5% w/w **Reminder: yesterday API CRUDE: -252K (3rd consecutive draw) v -1Me; GASOLINE: -641K v +0.5Me; DISTILLATE: -167K v +1Me
[10:25] {drewj} what time is the fed thing?
01[10:25] {&Threei} 2:15
[10:27] {nemo} this weakness a bit unusual for fed day
[10:28] {fish_49} well Crude should tell us a lot If inventories down then production up?
[10:28] {fish_49} means good for economy and could mean for sure taper faster so it really is a mixed bag of nuts
[10:29] {dino} imo it only matters for a few minutes
[10:29] {RonS} if you can inerpret that dang oil report, you are a better man than me...
[10:29] {fish_49} you wont believe this but on my chart I wraped lines around SLW .10 and .05 and said it should sky rocket from there
01[10:29] {&Threei} (US) DOE CRUDE: -4.4M V -1ME
[10:29] {fish_49} starting to scare myself
[10:29] {nemo} here's current strong and weak on the algo: http://bit.ly/15602Xv
[10:29] {nemo} you lookin' in the mirror fish?
01[10:30] {&Threei} GASOLINE: -1.6M V +0.5ME; DISTILLATE: -1.1M V +1ME
01[10:30] {&Threei} - Distillate demand +530K to 4.05M bpd - Gasoline demand +425K to 9.03M bpd
[10:30] {nemo} refineries starting to switch to winter blends yet
01[10:30] {&Threei} - NYSE volume 113M shares, about 23% below its three-month average
[10:31] {jdetente} frustrating start this morning
01[10:31] {&Threei} - NASDAQ volume 350M shares, about 8% below its three-month average
[10:31] {nemo} think about that 23% below it's summer volume average
[10:31] {RonS} rkt v sm l .08
[10:31] {RonS} oil report spiked crude fwiw
[10:33] {jdetente} if this rinses again I'm going to cut wrists with banana
[10:33] {fish_49} which stock JD?
[10:33] {nemo} wow, that's original
[10:33] {jdetente} taking 3i's line
[10:33] {jdetente} SLW printed .26
01[10:34] {&Threei} actually, it was stopped at .21
01[10:34] {&Threei} [10:14] {&Threei} stop to .21
[10:34] {jdetente} oh well even better. I missed that lol
[10:35] {Alexs} fish got 4 cents lets share it
[10:35] {fish_49} lol
[10:35] {fish_49} hahahahaha
[10:35] {fish_49} even Nemo smiled at that one
[10:36] {jdetente} share the wealth fish
[10:36] {jdetente} lol
[10:36] {Will49} fish..post your next trade so i can get in on it:)
[10:37] {fish_49} only if u share the 4 cents
[10:37] {Will49} :)
[10:37] {nemo} queue grumpy cat
[10:41] {nemo} Jack is talking to me again
[10:41] {fish_49} at least someone talks to you
[10:41] {nemo} Oh, I got plenty of voices running around in my head
[10:42] {nemo} Frankly though, I prefer talking to myself. Only person I know with whom I can have an intelligent conversation
[10:42] {Will49} you could get a job at the Navy Yard
[10:43] {nemo} jeezus, was that a CF...guy's been a nut job for years
[10:43] {Will49} well....
[10:44] {nemo} unh very weak
[10:44] {Will49} CF?
[10:44] {nemo} gs weak, thatsa' no good
[10:45] {nemo} UNH got you written all over it Vad
[10:46] {fish_49} GS getting ready to form the second sholder
01[10:50] {&Threei} https://www.youtube.com/watch?v=YGiItcn4-mM
01[10:50] {&Threei} we are so screwed
[10:50] {nemo} yeah, saw that
[10:52] {fish_49} Stop smiling Alex
01[10:52] {&Threei} Short Setup: UNH 73 break hl
01[10:53] {&Threei} If holds .10
[10:57] {Alexs} More than 350 economists have a signed a letter to President Obama calling on him to nominate Federal Reserve Vice Chair
[10:58] {drewj} vad I put in my order for 72.99 and when i hit short i immediately got filled at 73.03. Do you know what i'm doing wrong?
01[10:58] {&Threei} Yellen of course?
[10:58] {nemo} Dentists recommend Crest with fluoride 2 to 1
[10:58] {Alexs} yes
01[10:58] {&Threei} drew... you asked to give you a short at the price not lower than .99
[10:58] {nemo} did you set it to limit order?
01[10:59] {&Threei} you got filled at the current price
01[10:59] {&Threei} this is not the right way to do it
01[11:00] {&Threei} what you did should be done when break occurs
[11:00] {dino} maybe bid ask spread drew
01[11:00] {&Threei} what you tried to do should be done as a stop order
[11:00] {drewj} no nemo I had i did't have it on limit
[11:01] {drewj} i see it now. thanks
01[11:01] {&Threei} don't do it, execute them manually when your price arrives
[11:01] {drewj} so should it be set to market?
01[11:01] {&Threei} limit that you sent means "give me my shares at the price I indicated or better
[11:01] {nemo} if you are shorting and you set the short price below the current best bid best offer, you're basically going to get the market
01[11:01] {&Threei} you got beter since it was available
01[11:02] {&Threei} no
[11:02] {Alexs} where did they find so many economists?
01[11:02] {&Threei} market has nothing to do with it
01[11:02] {&Threei} you sent your order befiore trigger
[11:02] {dino} thats what i was thinking nemo
01[11:02] {&Threei} that's all
[11:02] {nemo} mon
[11:02] {drewj} ?
[11:03] {fish_49} Drew are you paper trading today?
[11:03] {drewj} no
[11:03] {drewj} i wish
01[11:03] {&Threei} you want .99
[11:03] {nemo} basically you told the market you were willing to sell your stock lower then the current market price
01[11:03] {&Threei} you want it after break of support
[11:03] {fish_49} how many shares did u get filled?
[11:03] {drewj} 400
01[11:03] {&Threei} you sent it BEFORE tha break of support
01[11:03] {&Threei} why?
01[11:03] {&Threei} see what I mean?
[11:04] {nemo} Les syndrome-READY, FIRE! AIM
[11:04] {dino} i think the problem is he's already in at .03. manually enter the shorts drew. as for now, get the f out of it
[11:04] {drewj} i just sold at a better than market price
01[11:04] {&Threei} hmm?
[11:04] {nemo} keep the sharp objects away from him
[11:04] {drewj} i already got out...
01[11:04] {&Threei} you sold it at the price available at the time
[11:04] {dino} sh*t happens drew, react to it, don't think
01[11:05] {&Threei} drew, stop and re read what I said above
01[11:05] {&Threei} you want to be in after the breakdown
[11:05] {drewj} no i understand now.
[11:05] {Alexs} you can blame Vad for all that shit
01[11:05] {&Threei} why are you entering your order before the breakdown?
01[11:06] {&Threei} of course you are getting filled before trigger actually occurs
[11:06] {fish_49} I didn't hear Alex asking you to share your loss
[11:06] {drewj} i just thought of it as putting in the price i wanted to sell at.
[11:06] {drewj} i normally enter them manually
[11:06] {jdetente} the only way that would work is with a stop order
[11:06] {jdetente} but you don't really want to do that either
[11:07] {drewj} right
[11:07] {drewj} why not.
[11:07] {drewj} ?
01[11:07] {&Threei} leave that aside for now
[11:07] {jdetente} because you could get filled when the price doesn't make a real break
01[11:07] {&Threei} just learn the basics
[11:07] {dino} because they slip
[11:08] {drewj} ok
[11:08] {drewj} oh
[11:08] {fish_49} Drew I don't want to add water to the ice but also look at the call? hl means half lot
[11:08] {drewj} missed that
[11:15] {dino} rkt sm l .62 ave
[11:18] {RonS} jazz blood
[11:18] {fish_49} dino your target .29?
[11:19] {jdetente} is that a later period Miles Davis record?
[11:19] {jdetente} Jazz Blood/Jazz Fusion
01[11:20] {&Threei} Long Setup: JPM .90 break
01[11:20] {&Threei} If holds .85
01[11:23] {&Threei} two-sided
[11:25] {jdetente} Long it is...
[11:25] {jdetente} (insert joke here)
[11:25] {drewj} i feel like i should start praying for these trades now
01[11:26] {&Threei} - Global markets have been choppy heading into the big Fed announcement today, without racking up any big gains or losses. US equities were looking flattish heading into the session, but have taken a turn into the red as GOP stonewalling in Washington on a budget extension continues
01[11:26] {&Threei} drew... back off a bit
01[11:26] {&Threei} you are too tense and nervous
[11:26] {drewj} should i stop for the day?
01[11:26] {&Threei} there is nothing to be this intense about
[11:26] {drewj} cause i am stressed
01[11:27] {&Threei} why don't you observe and paper trade
01[11:27] {&Threei} until stress subsides
[11:27] {drewj} so all the jokes about drinking while trading are not actually jokes
01[11:27] {&Threei} meanwhile, ask yourself what it is you are stressing about
[11:27] {drewj} i already know
[11:28] {fish_49} Money?
[11:28] {drewj} i'm worried about blowing up my account
[11:28] {fish_49} right now if your in that trade u should focus on it
01[11:29] {&Threei} you can't trade successfully in sich mental state and with this ficus
01[11:29] {&Threei} focus too
[11:30] {drewj} all the stopped trades are stressing me out
01[11:30] {&Threei} how about all the winning trades?
01[11:30] {&Threei} do you have expectations of trading without stops?
[11:30] {drewj} since i upped my share size to 400 there have been a lot of stopped trades.
[11:31] {dino} fish vwap 113.50s
[11:31] {fish_49} on Spy?
[11:31] {RonS} rkt
[11:32] {dino} rkt fish
[11:32] {dino} drew, with respect..., take a half hour walk. clear your head. start over
01[11:32] {&Threei} drew... as I said, back off and restore your calm. You can't be this intense about 5 cent stops
01[11:33] {&Threei} stops are a part of trading
[11:33] {drewj} it's fine dino.
01[11:33] {&Threei} they are not bad, they don't indicate that something is wrong
[11:33] {drewj} it's my son's birthday and we have a party to get ready for.
[11:33] {drewj} i'll probably just finish out this trade.
01[11:33] {&Threei} they are as inalieble part of trading as nigh a part of the day cycle
[11:34] {fish_49} have a great Party Drew See you tomorrow Bro
[11:34] {drewj} thanks fish.
01[11:34] {&Threei} or snow a part of life in Winnipeg
[11:34] {jdetente} keep your chin up drew
[11:34] {dino} enjoy the party
[11:34] {drewj} i recognize that vad. just hard feeling helpless.
01[11:35] {&Threei} you are not helpless
01[11:35] {&Threei} you are in control of what mattters the most
01[11:35] {&Threei} your own action
01[11:35] {&Threei} when swimming, you are no in control of waves and currents,
01[11:35] {&Threei} but you are not helpless since you control where and how you swim.
01[11:35] {&Threei} samme thing here
01[11:36] {&Threei} you can't control market but you can control what you are doing in it
[11:36] {drewj} right
01[11:36] {&Threei} and to continue ocean analogy,
[11:36] {drewj} i feel like nemo should be singing 'just keep swimming'
01[11:36] {&Threei} you detect the currents and swim along
[11:36] {nemo} yeah, here's a cement life preserver
01[11:36] {&Threei} and if you made an error otr if a current changed,
01[11:37] {&Threei} you swim out of it and look for another
[11:37] {dino} if 1000 shares stresses you, trade smaller, i do
[11:37] {drewj} i only use 400 now
01[11:37] {&Threei} so,
[11:37] {jdetente} keep in my mind also Drew that the last couple of days have been unique
[11:37] {fish_49} and how long have you been trading?
[11:38] {jdetente} they will not last forever
[11:38] {nemo} what could be more stressful than marrying the wrong woman
[11:38] {dino} "only" that's what i mainly trade
[11:38] {nemo} and we all marry te wrong woman
01[11:38] {&Threei} if a current indicated by JPM setup continues, it will deliver you to the point you want to get to.
[11:38] {drewj} funny nemo
01[11:38] {&Threei} if not, you will change the current
[11:38] {drewj} i get the water analogy...
01[11:39] {&Threei} I disagree nemo
[11:39] {fish_49} Drew how long have you been trading?
01[11:39] {&Threei} I married the right one... if she puts up with me for this long
[11:39] {drewj} full time...
[11:39] {drewj} 8 days
[11:39] {nemo} ahhh, Vad...
[11:39] {RonS} same here 3i...
[11:39] {nemo} what number wife are you on?
01[11:39] {&Threei} #1
[11:39] {nemo} thought it was #2
[11:40] {drewj} me too on the wife thing
01[11:40] {&Threei} no
[11:40] {nemo} whoa
[11:40] {RonS} known mine since 16...
[11:40] {fish_49} Vad the pic you posted in which I commented Nice Cup and handle was that your wife?
[11:40] {fish_49} if so I didn't mean anything bad about it
[11:40] {jdetente} haha
01[11:40] {&Threei} didn't take it as anything bad :)
[11:40] {fish_49} goood
[11:41] {nemo} me, he takes as bad
01[11:41] {&Threei} isn't it how you like it?
[11:41] {nemo} I'm sensitive
01[11:41] {&Threei} good to know
[11:41] {nemo} think ron just fell off his chair
01[11:41] {&Threei} I am double my effort then :)
[11:41] {RonS} yes you are...bunny spilled the beans long ago...
[11:42] {nemo} not sure where she is at the moment
[11:42] {dino} 8 days drew....you must chill out or you will not be here. remain calm. don't think, just react. don't overtrade. discipline trumps conviction. never let opinions get in way of making $. what do you believe that isn't true?
[11:42] {nemo} this seems to be unusual weakness for a Fed day
[11:42] {RonS} is your father digging in the back yard?
[11:43] {nemo} nah, couldn't do it...all he can do to carry his oxygen bottle
[11:43] {drewj} dino what do you mean about what isn't true?
[11:43] {nemo} Just gave me an idea
[11:44] {nemo} Get a clear line of site from far enough away 30-06 through the bottle
[11:44] {nemo} shrapnel and no bullet wound
[11:44] {dino} just because you think something does not make it right. can be applied to lots of things in life (stocks, religion, etc). you must see thru it
[11:45] {drewj} so doubt then..
[11:45] {RonS} out rkt .98 from .46ave +.52
[11:45] {fish_49} Drew you said 8 days live trading ... How long paper trading?
[11:45] {drewj} i've been in contact with vad for almost two years.
[11:46] {RonS} look out...
[11:46] {fish_49} but how long paper trading?
[11:46] {drewj} i've paper traded longer time frames as my former job allowed.
[11:46] {nemo} drawing a blank
[11:46] {RonS} lol
[11:46] {RonS} rotflol
[11:46] {drewj} never really able to paper trade on day time frame
[11:46] {nemo} boy first fastball down the middle I've missed in a long time
[11:46] {dino} no. example: brokers raising price targets, does not always work. ex: my god better than yours junk. ex: higher rates kill economy. ex: good earnings should make stock go up (not always). just get over what you think if its not true
[11:47] {RonS} crying here....
[11:48] {drewj} so more you're saying to unlearn the common bs
[11:48] {dino} YES
[11:49] {RonS} agee...learn that "only price pays"
[11:49] {dino} exactly ron.
[11:50] {fish_49} but really you don't need to know what the market is going to do or what any stock is going to do for now.. Just follow the trade Vad puts up
[11:50] {drewj} i was just having a conversation with a friend yesterday who was trying to talk me out of price being the most important thing.
[11:50] {Will49} to the letter
[11:50] {fish_49} go back to paper trading on the sim offered by your broker and practice order entry
[11:50] {Will49} follow Vad trades to the letter
[11:50] {drewj} it sounded like he had learned everything from CNBC
[11:50] {dino} price is the only thing that matters to a daytrader
01[11:50] {&Threei} unfriend him asap, drew
[11:51] {RonS} ya, cnbc is death...
01[11:51] {&Threei} he has zero idea about trading
01[11:51] {&Threei} which is fine, most people do,
01[11:51] {&Threei} but he is vocal
[11:51] {nemo} cnbc...haven't watched that in years
01[11:51] {&Threei} thus dangerous
[11:51] {dino} cnbc is not allowed in my office. only music
[11:52] {+cc_9} dino, although I agree with you
[11:52] {drewj} actually it helped me move on...i knew he was wrong.
[11:52] {dino} just because somebody says something is true does not make it true
[11:52] {nemo} actions vs words
[11:52] {+cc_9} its good to have some type of "news" system such as "Fly" or w/e works so in case something crazy happens, u can read/hear why it did
[11:52] {drewj} like everything nemo says
[11:52] {dino} so of like, just because you're loud doesn't make you right
[11:52] {nemo} run...don't walk to the psychiatric hospital
[11:53] {drewj} i have ransquak
[11:53] {+cc_9} say you see JPM tank bc of a $2B fine, they say it live on Bloomberg, but it takes you more time to find out why bc you only watch price
[11:53] {RonS} what is it?
[11:53] {+cc_9} Fly On The Wall is a decent service
[11:53] {nemo} Renfield
[11:54] {dino} cc9 i agree. but only to limited extent.
[11:54] {+cc_9} yes, but limited extent sometimes can cost you a couple grand
[11:54] {drewj} and benzinga
[11:54] {RonS} finding that stocktwits is faster than anything...
[11:54] {+cc_9} benzinga is meh, Fly is way better
[11:54] {+cc_9} stocktwits gets info from places like Fly
[11:54] {+cc_9} its just another layer
[11:54] {dino} st smart has it on each stock, i use it when capits/euphoria hit, but ulimately it is price
[11:54] {RonS} ya true
[11:55] {RonS} cc
[11:55] {+cc_9} Any stock that makes a fart, the guy from Fly announces it live, no commercials, no bs, no nonsense, only what matters.
[11:56] {drewj} ok. only price.
[11:56] {dino} ron, you still hanging w/me on rkt?
[11:56] {drewj} thanks all. have a good one.
[11:56] {Will49} cheers drew
[11:56] {RonS} nah, bailed at .98
01[11:56] {&Threei} what about JPM?
[11:56] {fish_49} have fun drew
[11:57] {fish_49} Dino I didn't get in the trade but watching it cheering you on
[11:58] {dino} thx
[11:58] {dino} tw spike
[11:59] {RonS} thing that struck me on rkt was that selloff w/ no block volume...
[11:59] {fish_49} I have 2 numbers in mind for RKT .71 and 114.02
[11:59] {Alexs} fish did you get your 4 cents on JPM?
01[12:00] {&Threei} careful fish, alex is looking for his share
[12:00] {fish_49} we have not stopped out of JPM
[12:00] {fish_49} but if I stop out I will give you your share
[12:01] {Alexs} it won't be fair share
[12:01] {+cc_9} SOHU, i have to stop looking
[12:02] {RonS} omg...75
[12:02] {nemo} index bounce time
[12:03] {RonS} mjn turned out to be a short...
[12:04] {nemo} I think that was the call earlier
[12:04] {Alexs} so cc fly is better news source then our room?
01[12:05] {&Threei} room is not a news source
[12:06] {fish_49} yes it is Vad we get all our good news about Will and ese from this room
01[12:06] {&Threei} oh
[12:06] {RonS} and there is nemo's mood...
[12:06] {nemo} the one constant
[12:06] {+cc_9} Alex, fly you get audio live news for any stock that does anything, same with earnings, same with announcements etc...
[12:07] {+cc_9} they have a free trial.
01[12:07] {&Threei} try http://www.tradethenews.com/freetrial.asp?rt
01[12:07] {&Threei} this is what I use
[12:10] {jdetente} JPM reminds me of a girl I dated when I was younger. A lot of time put in for very little action. hehe
[12:10] {dino} lol
[12:10] {nemo} does that say more about you then her?
[12:10] {dino} aegr lod
[12:10] {Alexs} lol
[12:11] {jdetente} high school days but that's a fair dig
[12:11] {nemo} it's funny, I seem to hit the harder pitches better
[12:11] {Will49} young guys today never had it so good
[12:11] {nemo} huh?
[12:11] {nemo} AIDS
[12:11] {nemo} Thai Gonnohrea
[12:12] {nemo} equal rights
[12:12] {jdetente} yikes
[12:12] {nemo} no shit
[12:12] {Will49} dating girls
[12:17] {fish_49} out JPM
[12:18] {Alexs} yeah fish would be better if you took your 4 cents
[12:18] {fish_49} I will get it back from JPM
[12:19] {Alexs} we'd have shared it alraedy
[12:26] {dino} out rkt .50, +.88
[12:26] {RonS} wtg
[12:27] {fish_49} good job Dino
[12:28] {dino} ty
01[12:33] {&Threei} hmmm
01[12:33] {&Threei} http://www.forbes.com/sites/harrybinswanger/2013/09/17/give-back-yes-its-time-for-the-99-to-give-back-to-the-1/
01[12:34] {&Threei} alex... you need to read it
01[12:34] {&Threei} they want you to give fair share back
[12:36] {fish_49} Yes Alex be part of “The community”
[12:37] {Alexs} stop stop stop! it's not fair
[12:39] {Alexs} who wrote the article, Blankfein?
01[12:39] {&Threei} spread the wealth alex
[12:39] {nemo} English second language, huh?
[12:41] {jdetente} alright guys gotta buy another fifth of whiskey...be back in 20
[12:42] {jdetente} I will share with you guys...my version of spreading the wealth
01[12:42] {&Threei} I like
[12:43] {nemo} he's gonna' puke on his keyboard
[12:44] {nemo} O.K. name that movie: F_ you, you F_ F_!
[12:44] {dino} scarface
[12:45] {nemo} nope
[12:45] {nemo} I"m gonna' google it and see what pops up
01[12:46] {&Threei} School of Pleasant Manners?
[12:46] {fish_49} Debbie does Nemo?
[12:46] {fish_49} sounds x rated
01[12:46] {&Threei} lol
[12:46] {Will49} haha
01[12:46] {&Threei} A+ fish
[12:46] {nemo} Reservoir Dogs
[12:46] {fish_49} Fish takes a Bow
[12:47] {nemo} Next: "To crush your enemies, see them driven before you and to hear the lamentation of their women"
01[12:47] {&Threei} Arnold
01[12:47] {&Threei} Conan
[12:47] {nemo} hehehehehe
[12:49] {nemo} "Remember when I said I was gonna' kill you last, Solly?" "I lied."
01[12:49] {&Threei} arnold again
[12:49] {nemo} nice Vad
01[12:49] {&Threei} commando
[12:50] {dino} true lies
01[12:50] {&Threei} "Zed's dead baby, Zed's dead"
[12:50] {nemo} Pulp Fiction
[12:50] {nemo} Go get the gimp
[12:50] {nemo} Are you alright?
[12:50] {nemo} I'm far from alright
01[12:50] {&Threei} http://www.youtube.com/watch?v=y7Yp2L6c2KM
[12:50] {nemo} We're gonna' go medieval on his ass
01[12:51] {&Threei} (US) White House press Sec: Some republicans in the House of Reps actually embrace the idea of a Govt shutdown- Republicans are moving away from a compromise in their latest proposals over the debt limit
[12:51] {nemo} this has never worked, wtf
[12:51] {nemo} I consider myself conservative, but they're out to lunch
01[12:51] {&Threei} (US) House of Reps GOP members indicate the stop gap funding bill offered will seek to 'prioritize' treasury payments in such circumstance of a default on debt
01[12:52] {&Threei} they are... have been for a long time
[12:52] {nemo} Where's Beria when you need him
[13:11] {dino} rkt sm l .49 stop lod
[13:12] {nemo} Did Les move to Sweden? http://www.thelocal.se/50214/20130912/
[13:13] {jdetente} that's his form of diplomacy
[13:13] {nemo} jeez...not bad
[13:14] {jdetente} they say he's going to the People's Republic of Massachussetts next
01[13:14] {&Threei} (US) Preview: FOMC rate decision to be released at 14:00ET; Fed economic forecast at 14:00ET; Bernanke press conf at 14:30ETFOMC Statement The consensus expectation is that the Fed has seen enough cumulative progress in the jobs market to justify beginning QE tapering today, starting with a relatively modest amount, on the order of $10-15B reduction. This relatively small amount of tapering is expected to get the ball rolling on the QE wind down that the Fed has indicated will likely end by mid-2014 based on its central economic forecast, though given inflation readings remains uncomfortably low, the Fed will not likely get any more aggressive than this today.
[13:14] {nemo} he'd fit right in
01[13:15] {&Threei} The small scale of the tapering expected today may be largely factored in already and could be more constructive for financial markets than another delay, since that would just maintain the focus on the inevitable start of tapering process. Most analysts also expect the Fed to ease the impact of tapering by reemphasizing its forward guidance, that it will maintain low rates "at least as long as the unemployment rate remains above 6-1/2 percent," and that this is not a trigger but a threshold, so they could wait to move rates well after unemployment falls below 6.5%.
01[13:17] {&Threei} JPM... sigh
[13:17] {jdetente} so these days are transition wouldn't you say Vad?
[13:17] {jdetente} market change
01[13:17] {&Threei} not clear yet
01[13:18] {&Threei} could just be couple days around FOMC
01[13:18] {&Threei} and back to norm after that
[13:18] {jdetente} yeah
[13:18] {nemo} wow, gdx
01[13:18] {&Threei} why did all the crap suddenly spike?
01[13:18] {&Threei} no news
[13:18] {Alexs} what fly says cc?
01[13:20] {&Threei} nothing
01[13:20] {&Threei} if it didm it would already be on twitter
01[13:21] {&Threei} the preview I posted is the only thing of note of the last 20 min, but it's specific to my news source
01[13:21] {&Threei} they have a trial, give them a shot
[13:22] {nemo} what about Les in Sweden?
[13:22] {nemo} that was noteworthy
01[13:22] {&Threei} voice, alerts, analysis, all that crap
[13:27] {nemo} frickin' finnies, wow
[13:29] {fish_49} Nemo do you trade the Q's?
[13:29] {nemo} no
[13:35] {dino} blue spike
[13:35] {Alexs} you are too serious today Vad, just wanted to talk to cc
01[13:36] {&Threei} I am always serious
[13:37] {nemo} sometimes he's seriously drunk
[13:37] {jdetente} sometimes?
01[13:37] {&Threei} been a good while since I did that :)
[13:37] {jdetente} I thought that was secret to good trading
01[13:38] {&Threei} remembering some of escapades of youth makes me wonder how human being can survive that al all
[13:38] {Will49} amen Vad
[13:38] {nemo} yeah, no kidding
[13:38] {fish_49} glad you did
01[13:39] {&Threei} me too, lol
[13:39] {Will49} I knew you weren't referring to nemo
01[13:39] {&Threei} if I tried to pour 1/3 of that in myself today, I'd be dead long before morning, lol
[13:39] {nemo} how do we know the other side isn't better?
01[13:40] {&Threei} remember that bartender on the boat in Bahamas, nemo?
[13:40] {nemo} vaguely, pretty cute if I remember
[13:41] {nemo} walked into the frickin' wall when I got back to my room
01[13:41] {&Threei} nodding with great respect and approval when I came to hikm for the third refresh of vodka shot in one hand and bahama-mama coctai,l in another, to whash it down with
[13:41] {nemo} there was a bar on the lower deck too
01[13:41] {&Threei} that's what I mean
[13:41] {nemo} ahhh
[13:42] {fish_49} Now we know the real nemo
01[13:42] {&Threei} on upper desk you were stepping on top of tabl,es to get another glass of vodka
[13:42] {fish_49} he said the Him (Bartender) was cute
01[13:42] {&Threei} you've no idea fish
[13:42] {nemo} there was a cute one, I can't remember if she was at the upstairs or downstairs bar
[13:42] {fish_49} If it was a he and nemo found him cute I don't wanna know
[13:42] {fish_49} lol
01[13:42] {&Threei} tables were placed in a way that prevented you frpm getting out of your place easily
[13:42] {nemo} yeah, too many frickin people to go around at the table
[13:42] {nemo} it was easier to climb over
01[13:43] {&Threei} and we ran out of vodka
[13:43] {fish_49} on a boat?
01[13:43] {&Threei} yes
[13:43] {jdetente} that's a disaster
01[13:43] {&Threei} I have a photo somewhere...
[13:44] {nemo} oh yeah
[13:44] {nemo} that cute chinese chick was talking to me
[13:44] {nemo} her husband was not happy
[13:45] {nemo} I actually told her to talk to her husband
[13:45] {Alexs} to get a permission
01[13:46] {&Threei} cutest thing was, I had a whole day speaking gig next day
[13:46] {nemo} no, to avoid the potential for a scene, I could smell it coming
[13:46] {Will49} I used to be able to smell it coming too
01[13:46] {&Threei} lol
[13:46] {Will49} what?
[13:46] {fish_49} on a boat and Nemo not a good swimmer like me
[13:47] {nemo} who you shitting. I used to swim 2 miles a day 3 days a week
[13:47] {nemo} aaahhh the good old days
[13:48] {nemo} I was a frickin' work out junkie
[13:48] {nemo} Now basically limited to 12 or 16 oz curls
[13:48] {Will49} I heard you were a frickin piece of work
[13:48] {nemo} yeah, and not in a good way
[13:50] {fish_49} swimming is so difficult for me
[13:50] {nemo} o.k., I'll bite...why?
[13:50] {fish_49} when I took lessons I was running 6 miles a day was in the best shape of my life and could not swim one lap
[13:51] {fish_49} could never get my breathing right
[13:51] {Will49} nemo...I heard that you bite
[13:51] {nemo} mmmmhhhh, just not your thing, huh
[13:51] {nemo} if need be Will
[13:51] {fish_49} I want to get into it as I'm getting older running is not an option on my knees
[13:52] {nemo} Yeah, I gave up running in my early 30's exactly for that reason
01[13:52] {&Threei} found the photo
[13:52] {fish_49} I'm at the gym every morning and want to give it a try again but the ladies sitting on those chairs are hot and don't want to look like a fool in front of them
[13:52] {fish_49} lol
01[13:52] {&Threei} on it you will seeL
[13:53] {nemo} that's when I was just starting to grow my hair out, which is now back to very short
01[13:53] {&Threei} nemo, cute chick he was about get into fight for, glasses of vodka nearing the empty state, the table nemo was about to climb onto to replenish them and still relatively sober but with hair ruined by sea winds me
01[13:53] {&Threei} reasy?
01[13:53] {&Threei} ready?
01[13:54] {&Threei} http://www.realitytrader.com/vad/DSC_6314.JPG
[13:54] {nemo} wish I had a picture of when it was really long
[13:54] {jdetente} that chick is quite nice
[13:54] {nemo} yep, that's the chick...husband kept shooting me daggers
[13:54] {fish_49} the girl in front we see half her head looks like my wife I ws thinking OMG why was she even near Nemo
[13:54] {jdetente} man nemo too bad for husban
[13:54] {jdetente} d
[13:56] {Will49} gawd nemo...you're HOT
[13:56] {fish_49} Nemo is a handsome fella not what I expected
[13:56] {fish_49} is that hair or a hat?
[13:56] {nemo} about a year later it was down to my shoulders
[13:57] {Will49} can see why you like bunnies
[13:57] {nemo} It was really curly when it wasn't gray, so I wanted to see if I could grow a pony tail now. Nope, still too thick
[13:57] {fish_49} Vad wants to know if he can borrow some of that hair
01[13:57] {&Threei} now, have a look at this one, from the next day seminar, and notice the water vottle in front of me
01[13:57] {&Threei} http://www.realitytrader.com/vad/Vad1.jpg
[13:58] {fish_49} were those girls traders?
[13:58] {nemo} who knows what anybody was
[13:58] {fish_49} hahaha Vad has a smile what was in the water bottle
[13:58] {jdetente} was this one of those "swingers" boats?? haha
01[13:58] {&Threei} how I was able to speak from 8:30 to 5 after that boat escapades is beyond me
[13:59] {nemo} no jd
[13:59] {nemo} oh sheesh Vad, you stopped drinking after the 9th or 10th
[13:59] {nemo} kept bitching about the seminar the next day
[13:59] {nemo} wtf
[13:59] {fish_49} dude that Asian girl is hot I would have taken my chances on fighting her husband for that
01[13:59] {&Threei} well, someone had to be a responsible adult
[13:59] {nemo} wouldn't have been a contest
[14:00] {nemo} I used to do personal protection
[14:00] {Will49} whoa
[14:00] {Will49} spikes
01[14:00] {&Threei} *(US) FOMC HOLDS FED FUNDS RATE TARGET AT 0.25% (AS EXPECTED): CONTINUING ASSET PURCHASES AT $85B/MONTH
[14:00] {fish_49} news out
[14:00] {nemo} no taper
01[14:00] {&Threei} no taper
[14:00] {fish_49} whats going on?
[14:00] {nemo} the smack continues to flow freely
01[14:01] {&Threei} BlackBerry Said to be preparing to lay off up to 40% of its employees (5K positions) by year end - financial press- Cuts to come as a result of continuing operating losses
06[14:01] * dino slaps diego around a bit with a large trout
06[14:01] * dino slaps nemo around a bit with a large trout
06[14:01] * dino slaps RonS around a bit with a large trout
[14:02] {dino} fat finger, sorry guys
[14:02] {nemo} spy hit daily R4
01[14:02] {&Threei} lol dino
01[14:02] {&Threei} slapping rage
01[14:03] {&Threei} (US) White House Official: Yellen is the leading candidate to replace Bernanke as Fed chairman
01[14:03] {&Threei} as if we didn't know
[14:03] {nemo} odds would favor shorting this high in spy
01[14:04] {&Threei} pick the leftiest of lefties and put in charge
[14:04] {nemo} I've never seen a close above the daily R4
01[14:04] {&Threei} OK... let's start looking for setups
[14:04] {nemo} lets dig up that chinese chick
[14:05] {nemo} wow gdx
[14:06] {jdetente} wowzas indeed
01[14:06] {&Threei} Short Setup: SLW .05 break
01[14:06] {&Threei} hl
01[14:06] {&Threei} If holds .15
[14:06] {jdetente} slw?
01[14:07] {&Threei} ?
01[14:07] {&Threei} Invalidated
[14:07] {fish_49} Oh My
[14:07] {jdetente} I thought wrong call...didn't see your post until print was .35
[14:07] {Alexs} 4 cents fish?
[14:08] {fish_49} I will get my 4 cents when it hits .65
[14:09] {nemo} gdx breaking out again
[14:10] {nemo} 27.10 is R4, watch for weakness here
[14:12] {nemo} So are they gonna' have like a Miss America ceremony so Bernanke can pass his crown to his successor?
01[14:12] {&Threei} Short Setup: GDX .05 break
[14:12] {dino} sds hl l .02
01[14:13] {&Threei} If holds .15
[14:13] {Alexs} change to .15
[14:13] {Alexs} ?
01[14:13] {&Threei} not sure
[14:13] {dino} fdx spike
[14:14] {nemo} I also have level convergence at 27.50ish, so if it doesn't trigger, that would be the next area to short
[14:14] {dino} what symbol nemo?
[14:14] {nemo} gdx
[14:15] {fish_49} .64 maybe
01[14:15] {&Threei} change to .10
[14:15] {nemo} can go long dust instead
01[14:15] {&Threei} If holds .20
01[14:15] {&Threei} half lot of course, the way things trade
[14:15] {nemo} algo almost completely strong green
01[14:16] {&Threei} well... until it's over
01[14:16] {&Threei} anf there is a doji
[14:16] {nemo} .50 area next level
[14:17] {fish_49} which will be around .64 lol
[14:17] {fish_49} ohhh I didn't see that your could be right nemo
[14:17] {nemo} rubber crutch funny their fishface
[14:18] {fish_49} lol go back and look at slw and see where it made its first turn then read up
[14:18] {dino} out those cree calls from two weeks ago, +.23%
[14:18] {nemo} here are the gdx levels: http://bit.ly/19ekjMM
[14:19] {nemo} check the column on the right
[14:19] {nemo} algo is incredibly strong at the moment
[14:20] {fish_49} It normally trades opposite of the general markets right?
[14:21] {nemo} what, gdx
[14:21] {nemo} not necessarily
[14:21] {fish_49} yes
[14:21] {fish_49} ok
[14:22] {dino} sds stop .94 -.08
01[14:22] {&Threei} Short Setup: GDX .30 break
01[14:22] {&Threei} If holds .40
[14:22] {nemo} fas gap just above 76
[14:23] {jdetente} GDX fighting for its candy
01[14:24] {&Threei} well, it can't have ours until it engages in fight
01[14:24] {&Threei} so far it didn't
[14:24] {jdetente} fighting our advances that is
[14:24] {dino} bernie speaks at 2:30
[14:24] {dino} we should get drop soon
[14:25] {fish_49} touches .64 I will try to scalp 5 cents
[14:25] {nemo} oh crissakes, monthly pivot on GDX is 27.80ish
[14:26] {fish_49} out
[14:26] {jdetente} good one fish
[14:26] {fish_49} I was a few cents off
[14:26] {nemo} btw...wdc esrx wlp are signaling weak in this market, market comes in they could crater
01[14:27] {&Threei} in a few min press conference starts
01[14:27] {&Threei} I was hoping to get a trade before that
01[14:27] {&Threei} who knows what he says that upsets market
[14:27] {dino} sds hl l .95
[14:27] {Alexs} fish it's time to share :)
01[14:27] {&Threei} but feels to me that shprt is the only way to go from here
[14:27] {fish_49} I called 2 today
[14:27] {fish_49} man Im scaring myself
[14:28] {nemo} lookin' in the mirror again?
01[14:28] {&Threei} one more bounce GDX, please
01[14:28] {&Threei} so we can get you above .50
[14:28] {nemo} bottom is in on gdx
[14:29] {nemo} shouldn't get above .53
[14:29] {nemo} top is in
[14:29] {nemo} have another drink nemo
[14:30] {nemo} watch 172.50 spy dino
[14:30] {nemo} algo dropping, looks like exhaustion
[14:30] {fish_49} I should have held well over 3:1 now
[14:34] {RonS} pru
01[14:36] {&Threei} Short Setup: GDX .40 break
01[14:36] {&Threei} If holds .50
01[14:36] {&Threei} (US) Fed Chairman Bernanke: Unemployment is still at unacceptable levels; improvement has been uneven but downside risks to growth have declined - press conference
01[14:36] {&Threei} idiot
[14:36] {nemo} claims inflation is below 2%, what a crock of shit
01[14:37] {&Threei} what on earth your assets purchase has to do with unemployment
01[14:37] {&Threei} change to .50
01[14:37] {&Threei} If holds .60
01[14:38] {&Threei} "if what we do doesn't work, let's do more of it"
01[14:38] {&Threei} that's what will Ben leave as his legacy
[14:38] {Alexs} direct connection: more purchase and finally they kill the economy
[14:40] {dino} met sm l .51
01[14:43] {&Threei} meh
[14:43] {fish_49} meh gdx
[14:43] {Alexs} our candy ...
[14:46] {jdetente} market is drinking our milkshake ha
[14:46] {nemo} that's your gdx double top
[14:46] {fish_49} I will short it again at .77
01[14:47] {&Threei} Short Setup: LVS .40 break hl
01[14:47] {&Threei} If holds .50
[14:49] {dino} out met .81, +.30
[14:49] {+cc_9} ok what happened
[14:49] {+cc_9} i let you guys have some fun, i come back and the market is in orbit
01[14:49] {&Threei} lol
[14:49] {nemo} Huge asteroid going to hit earth
01[14:49] {&Threei} everyone celebrates
01[14:50] {&Threei} sheesh SPY
01[14:50] {&Threei} reverse already
[14:50] {+cc_9} fish_49 will be hearing from the NSA in a few minutes.
[14:50] {nemo} ?
[14:50] {fish_49} again?
01[14:50] {&Threei} lol
[14:51] {nemo} Hit on O's
[14:51] {+cc_9} don't fall for it guys, fish is trying to fish for statements to get you guys in trouble
[14:51] {nemo} The BWI gang
[14:51] {fish_49} that's Baltamore O's house
[14:52] {fish_49} wow he shut that guy up
01[14:53] {&Threei} ok SPY
01[14:53] {&Threei} enough is enough
[14:53] {nemo} yep, looks like it
01[14:53] {&Threei} sheesh... still no
[14:53] {nemo} wow, never seen anything like this
[14:54] {jdetente} relentless
01[14:54] {&Threei} grrr
[14:54] {nemo} iwm at trend resistance, R3 and montly level around 107.40ish
[14:54] {jdetente} what a s-show
[14:54] {Will49} unreal
[14:55] {nemo} next major spy level 173.55
[14:56] {fish_49} all time highs right?
[14:56] {nemo} you on drugs?
[14:56] {fish_49} I don't follow spy
[14:56] {fish_49} Im looking back 20 years nothing there
[14:56] {fish_49} but yes to your question
[14:57] {nemo} estrogen?
[14:57] {fish_49} Bite my gill
[14:57] {nemo} I'm such a dick
[14:58] {fish_49} I was asking because I don't know the answer
[14:58] {fish_49} what happened to sharing info?
[14:58] {fish_49} lol
[14:58] {nemo} what info do you want? btw...what's your carry caliber?
[14:59] {fish_49} I don't carry anymore
[14:59] {nemo} what was?
[14:59] {dino} or any les
[14:59] {nemo} nice dino
[15:00] {jdetente} SPY level getting close
[15:01] {nemo} we just topped out at WR3
[15:01] {nemo} on spy
[15:01] {nemo} MR2 on IWM
01[15:01] {&Threei} Short Setup: LVS .60 break
[15:01] {nemo} MR2 on finnies are .10 away
01[15:01] {&Threei} still hl
01[15:05] {&Threei} If holds .67
[15:05] {dino} getting a bit overdone
[15:05] {dino} adding sds calls
[15:10] {fish_49} I still don't get it... the economy is still bad so we print more money and the market goes up? When do we pay for all the debt?
01[15:10] {&Threei} market is QE addict
01[15:11] {&Threei} money is poured in, market devours it
[15:11] {fish_49} is this not a bubble like the housing bubble?
01[15:11] {&Threei} where else money can go if not in the market
01[15:11] {&Threei} it is
01[15:11] {&Threei} idiots think they pour money in the economy, and jobs will be created
01[15:11] {&Threei} uhhu
[15:11] {fish_49} in my bank account if you don't have any other place to put it
01[15:12] {&Threei} see how they consistently repeat the mantra about connection between their purchases and unemployment
01[15:12] {&Threei} even though it's fairly obvious there is none
[15:14] {Will49} key players doing everything to keep wheels on until they "get theirs" then they bail and we're left holding bag
[15:15] {Will49} or with a wagon with no wheels...to complete the mataphor
[15:15] {fish_49} if unemployment is the threshold then why not give tax breaks to business so they can hire more people use the money printed every month to spend on tax breaks for business
[15:15] {fish_49} Why does it seem so easy
[15:15] {dino} their hope is that the stock markets create a wealth effect which trickles down to real estate and risk taking businesses
[15:15] {Will49} hope!!!!!
[15:15] {dino} it should be that easy fish, but politics gets in the way
[15:15] {fish_49} it does create wealth for a small percent
[15:16] {dino} indeed, we are part of that
[15:16] {Alexs} lol
[15:17] {dino} obummer cannot give tax breaks because it would destroy his party's dogma. tax breaks work, but they don't want to admit the truth. again, what do you believe that isn't true. dems need to ask that
[15:17] {fish_49} correct but the way I understand their method to madness is that the market makes wealth by putting money in retirement plans but retirement plans are becoming a thing of the past
[15:18] {fish_49} so I guess we really should share with Alex
[15:18] {dino} you are overthinking it. market $ creates wealth effect. wealthy start spending. spending, in theory should create jobs
[15:19] {dino} high taxes stop the expected spending
[15:19] {Will49} in theory!!!!!
[15:19] {dino} even clinton understood lower capital gains creates wealth, jobs, etc
[15:20] {fish_49} did he say 6.5 was the magic number on unemployment rate?
[15:20] {Will49} who was it that said "problems can't be solved by the same people who created the problems"?
[15:20] {dino} basically
[15:20] {fish_49} good point Will
[15:21] {fish_49} I guess there is truth in the quote "A government big enough to give you what you need is big enough to take everything away from you" or something like that
[15:21] {fish_49} Die LVS I nned to make money so I can spend and then there will be jobs
[15:21] {Will49} evn a small government is a little too big
[15:22] {dino} i still believe its a democrat conspiracy. keep people on welfare and assisstance so that they keep voting you in. they destroy generation after generation just for votes
[15:22] {dino} soon they will have it locked up
01[15:22] {&Threei} it's just a part of a consipracy dino
01[15:22] {&Threei} here is second part:
[15:22] {Will49} not much time left now
01[15:23] {&Threei} borrtow, borrow and borrow, with no intention to repay, ever,
01[15:23] {&Threei} and conasider it a wealth transfer
[15:23] {fish_49} that is what scares me
01[15:23] {&Threei} you borrow from those who have money and fund social prograns for those who don't - that's how they see it
[15:23] {fish_49} the one thing is, if the poor keep getting poorer will they vote your party in next election?
[15:24] {dino} i agree no intention of repaying...i think they hope to inflate it away
01[15:24] {&Threei} thus far, worked for them
01[15:24] {&Threei} and inflation is aligned with thei ideology as well, since ot robs those who have money in favor of those who have debts only
01[15:25] {&Threei} that's why they have no fear of growing debt
[15:25] {dino} fish, are the poor getting poorer? cell phones, apartments, food stamps at record level, free education, free busing, free cars in some cases, etc. have a few kids, we pay even more
[15:25] {Will49} the electorate is getting dumber
[15:25] {dino} yes
[15:26] {fish_49} I agree but when will the rubber band snap
[15:26] {fish_49} pisses me off
[15:26] {Will49} don't hold your feelings back fish
[15:26] {dino} dumber, yes. just ask the muslims about keeping the population uneducated. easy to control
01[15:27] {&Threei} let's cover half here
[15:28] {dino} why do you think standardized tests are getting easier. obummer just relaxed the no kid left behind requirements. dumb them down, get them dependent, you've got the votes for life
[15:28] {Will49} amen
01[15:28] {&Threei} "sign the petition for karl Marx as our next president"
[15:28] {jdetente} stop at .66?
01[15:28] {&Threei} .61 now
[15:28] {fish_49} my stop moved to .50 I will hold on
01[15:29] {&Threei} 1:1
[15:29] {fish_49} I meant .60
01[15:29] {&Threei} right
01[15:29] {&Threei} and bunch of ignoramuses signs
[15:29] {jdetente} I'm scalping here. thanks Vad
[15:29] {fish_49} im holding out for .46
01[15:30] {&Threei} no even slight recollection, like "hmmm, where did I hear that name"
01[15:30] {&Threei} yw jd
[15:34] {fish_49} out in full
[15:34] {fish_49} thanks Vad
01[15:34] {&Threei} yw
01[15:37] {&Threei} honestly, qyuite exhausting day
[15:37] {nemo} spy topped out at WR3 to the penny
01[15:37] {&Threei} good thing there are jokes
[15:38] {nemo} fish still here?
[15:38] {fish_49} yea
01[15:38] {&Threei} somehow I feel as if I unloaded a rail car full of bags with cement
01[15:38] {&Threei} or potatoe
[15:38] {jdetente} tomorrow we start taking candy back
[15:38] {fish_49} yu worked hard for your money today Vad
[15:38] {nemo} What was Bush I's VP's name?
01[15:39] {&Threei} yea, I am not used to that {G}
01[15:39] {&Threei} those babies put up quite a fight, eh?
[15:39] {nemo} I thought you wore the hair of your ankles a loooong time ago
01[15:39] {&Threei} and all these disvcussions of stress, they stress me out
[15:40] {nemo} Dan "Potatoe" Quayle
[15:42] {fish_49} He was not someone who made me proud to be a republican
[15:43] {fish_49} but he was still not as bad as the vp who invented the internet
[15:43] {fish_49} lol
[15:43] {jdetente} Don't worry there's still a whole group of them in office today that have taken his place
[15:43] {nemo} wow...a republican in Maryland...that's like an African American at a Ku Klux Klan meeting
[15:44] {fish_49} dude sometimes I think I'm the only one here
[15:44] {nemo} Living in MA, I can identify
01[15:44] {&Threei} you are
[15:44] {fish_49} very klanish in the county I live in
[15:44] {nemo} panhandle country,, yeah
[15:44] {jdetente} how about being one in Los Angeles...I'm surrounded by commies.
[15:45] {fish_49} lol Vad my wife converted so Im not alone anymore
01[15:45] {&Threei} you two then
[15:45] {fish_49} commies and Asians JD lol
[15:45] {jdetente} mostly Latinos where I'm at but Asians are right down the freeway
[15:46] {jdetente} and Armenians and Persians
[15:46] {nemo} Persians?
01[15:46] {&Threei} I am fully surrounded by foreigners
[15:46] {fish_49} I love the idea of being a melting pot Love many cultures but cant they just be republicans damn it?
[15:46] {jdetente} Iranians but they call themselves Persians
01[15:46] {&Threei} oh wait... I am in foreign country
[15:46] {dino} republican here too fish
[15:47] {Will49} lol Vad
[15:47] {nemo} I'm so looking forward to global warming...I want the oceans to rise 30 feet
01[15:47] {&Threei} but lefties are abundant
[15:47] {nemo} kill the fucking coast lines
01[15:47] {&Threei} will will confirm
[15:47] {Will49} amen
01[15:47] {&Threei} or,
01[15:47] {&Threei} will Will confierm?
[15:47] {jdetente} Lefties are like the Borg from Star Trek
[15:47] {fish_49} if oceans rise 30 feet my property value will go up I will be in an ocean front house
[15:47] {Will49} amen +1
01[15:48] {&Threei} I'd probably need about 25 ft, fish
[15:48] {dino} gotta hop. thx all, stop on sds .78. holding those calls for few days
[15:48] {fish_49} left wing folks in your area Vad?
01[15:48] {&Threei} Ok guys, thank you all
[15:48] {fish_49} thank you Vad
01[15:48] {&Threei} yeah
[15:48] {fish_49} have a good night all
01[15:48] {&Threei} have a great evening
01[15:48] {&Threei} see you tomorrow
[15:49] {Alexs} ty Vad gn
[15:49] {jdetente} see ya tomorrow
[15:49] {Will49} peace
[15:50] {Alexs} fair share
