Thursday, October 17, 2013

Oct 17 2013

Morning has been decent, then slow creep-up started, and over last weeks we kind of forgot how to handle that mode. Finishing negative after a few afternoon stops and invalidations.

Session Time: Thu Oct 17 00:00:00 2013
[09:12] {thomcbell} hello all
01[09:12] {&Threei}  morning tbell, welcome back
[09:12] {thomcbell} thank you - good to be back
[09:12] {RonS} hi thom, nice to see everyone
[09:13] {drewj} gm all
01[09:13] {&Threei}  ron, drew :)
[09:15] {ese} morning
01[09:15] {&Threei}  ese :)
[09:16] {Will49} gm
[09:16] {ese} was i actually on the board yesterday..............damn busy day from the get go and couldn't remember
01[09:16] {&Threei}  will :)
[09:16] {ese} will
[09:17] {Will49} hey ese
01[09:17] {&Threei}  great, now you want us to track your movements... get a GPS! {G}
[09:17] {ese} lol
[09:18] {ese} ok heres the deal..........and i could use some suggestions here
01[09:18] {&Threei}  what kind of GPS? Garmin, IMO
[09:19] {ese} my band The Midnights have been given a prime spot in the up coming Jazz Fest International here in Victoria
[09:19] {Will49} congrats
[09:19] {ese}  2014...
[09:19] {ese} but
[09:20] {ese} the director would like us to do it with a prominant artist like we did 8 years ago with motown superstar Martha Reeves....
[09:20] {ese} i've been spending my days searching out an artist
01[09:20] {&Threei}  don't look at me
01[09:21] {&Threei}  these days I prefer to shy the crowds
[09:21] {Will49} there are 3-4 excellent female jazz singers in Washington State
[09:21] {ese} who will?
[09:21] {Will49} if you go to they have bios ans clips
[09:22] {Les} gm
[09:22] {ese} ahhhh thanks
[09:22] {Will49} and
[09:22] {ese} ?
01[09:22] {&Threei}  les :)
[09:22] {ese} les
[09:22] {Les} :)
[09:23] {dino} gm
[09:23] {ese} dino
01[09:24] {&Threei}  dino :)
01[09:24] {&Threei}  you guys want me to post the details of the deal in Congress?
01[09:24] {&Threei}  or we don't care?
[09:24] {Les} let's here it
[09:25] {Les} hear
[09:25] {ese} don't the markt going up or down
01[09:25] {&Threei}  - The two-week standoff between the Republican-led House and the White House came to a head late on Wednesday, just hours before the Treasury-imposed default deadline of midnight. Cooler heads prevailed, as Senate leaders Reid and McConnell brokered a deal in the US hours, subsequently receiving the commitment from House leadership to go along with the accord which some have quickly dismissed as "kicking the can down the road."
01[09:25] {&Threei}  Indeed, under the provisions of the agreement, the govt will be funded through Jan 15 and debt limit extended through Feb 7th, with the Treasury granted the authority to use extraordinary measures to extend debt limit through March of 2014.
01[09:25] {&Threei}  Arguably however, the White House may have emerged out of this crisis stronger. Pres Obama will now hold the veto power to proceed with an increase in the debt ceiling, requiring a 2/3rd Congressional majority for an override and potentially diminishing the likelihood of another standoff in early 2014.
01[09:26] {&Threei}  Instead, the two sides will be forced into a more active discussion on the implications of controversial Obamacare reform and other fiscal matters with the mandated formation of a bipartisan budget panel established by mid-December to facilitate negotiations on a longer term debt reduction agreement. In the mean time, US Senate voted overwhelmingly 81-18 in favor of the end of govt shutdown and debt limit extension. In the House, over 80 Republican lawmakers crossed over to vote with the unanimous Democrat bloc for an overall 285 Yea to 144 Nay count.
01[09:26] {&Threei}  end
[09:27] {Will49} so now can we make some money:) ?
[09:27] {ese} republicans have signed there death warrant...........they are going to get creamed in the next election
01[09:28] {&Threei}  gosh, you so materialistic
[09:28] {Will49} no doubt
[09:30] {Les} Vad US dollar monthly
[09:30] {Les} chart. What sort of formation can we call that?=
01[09:30] {&Threei}  ask again in an hour pls
[09:30] {Les} sorry
01[09:31] {&Threei} Short Setup: GDX  .20 break
01[09:32] {&Threei}  If holds  .30
01[09:32] {&Threei}  stop to .26
01[09:34] {&Threei}  1:1
01[09:35] {&Threei} Short Setup: GLD  .80 break hl
01[09:36] {&Threei}  If holds  .90
[09:37] {ese} in .90
[09:38] {ese} the stop at .00
[09:39] {ese} am watching the spyders advance so thought i would give it a try
01[09:40] {&Threei} Short Setup: C  .55 break
01[09:40] {&Threei}  Invalidated
[09:42] {ese} moves slower than molassas vad gld
01[09:42] {&Threei}  should accelerate once .80 is lost
[09:42] {drewj} c still good?
[09:42] {ese} no
01[09:42] {&Threei}  [09:40] {&Threei} Invalidated
[09:43] {drewj} thought that was for gld
01[09:43] {&Threei} Short Setup: BBY  42 break hl
01[09:43] {&Threei}  If holds  .10
[09:44] {ese} come on gld....die already
[09:45] {ese} daaaaaaaa
[09:47] {dino} partial fill petm l .27
[09:47] {ese} stopped gld .00
[09:48] {ese} soethings out of wack............usually when mrkt heads up gold goes down
[09:48] {ese} -.10
[09:48] {nemo} earnings are bad so market is still in the euphoria and rationality beginning to seep in
[09:49] {thomcbell} SWK bad guidance and left for dead making new lows this am
[09:50] {nemo} IBM and GS lousy
[09:50] {thomcbell}  C looks like 50.51 break if holding 50.61
[09:52] {drewj} cat dbi?
01[09:53] {&Threei}  probably
[09:53] {dino} sell the news
01[09:53] {&Threei}  yup
01[09:53] {&Threei}  BBY 1:1
[10:00] {thomcbell} SWK looks like beginninngs of something on long side
01[10:00] {&Threei}  *(US) OCT PHILADELPHIA FED BUSINESS OUTLOOK: 19.8 V 15.0E
[10:00] {drewj} wfc breakout?
[10:01] {dino} out petm .88, +.61
01[10:01] {&Threei}  I'd rather fade it
[10:01] {drewj} ok
01[10:01] {&Threei}  look under the hood of the Phil Fed great numbers:
[10:02] {drewj} market too weak?
01[10:02] {&Threei}  Prices Paid: 21.7 v 25.3 prior - New Orders: 27.5 v 21.2 prior - Employment: 15.4 v 10.3 prior (highest since May 2011) - Inventories: 7.3 v -1.8 prior
[10:02] {drewj} major slowdown...
[10:02] {thomcbell} swk long setup 75.25 break if holding 75.15
[10:03] {Les} like that price deflation
[10:03] {Will49} inventory number is scary
[10:03] {thomcbell} invalidated
01[10:03] {&Threei}  just not enough momentum in finnies, drew
01[10:03] {&Threei}  no confident play
[10:03] {drewj} what are finnies?
01[10:03] {&Threei}  financials
01[10:04] {&Threei}  WFC is one
[10:04] {dino} lol
[10:05] {drewj} newbie dino...
[10:05] {dino} understood
[10:05] {drewj} I am that is:)
[10:06] {drewj} what with all this advanced trader lingo
[10:07] {Will49} my favourite is WTF
01[10:07] {&Threei}  lol
[10:07] {drewj} is that an etf?
[10:07] {Will49} haha
[10:08] {dino} pulp, my fav
[10:08] {thomcbell} covering C flat here
[10:08] {drewj} i've been meaning to ask you what you mean by that...?
[10:09] {dino} seinfeld episode, george costanzza gets hit in the eye w/orange pulp, "pulp moves baby". for trading, a fast mover
[10:09] {ese} my fav.....rotfflol........rolling on the frickin floor laughing out loud
[10:10] {dino} :)
[10:10] {drewj} i've used urban dictionary several times since starting here
[10:11] {ese} lol
[10:11] {dino} bohica was big for awhile
[10:11] {Will49} yeah, good old DP
[10:11] {ese} ?
[10:11] {Will49} hope he comes back soon
[10:12] {ese} Even I don't know that one
[10:12] {drewj} is this the one dino?
[10:12] {nemo} watch for ebay bounce .00-.10
[10:12] {Will49} you remember dp...ese?
[10:12] {nemo} back to porn?
[10:12] {drewj} ha
[10:12] {Will49} the OTHER big vodka drinker
[10:13] {ese} ya but don t remember bohica
[10:13] {Will49} oh
[10:13] {Will49}  starts with bend over
[10:13] {nemo} my term ese
[10:13] {Will49} yeah nemos
[10:13] {dino} here it
01[10:13] {&Threei} Short Setup: WFC  .20 break
[10:14] {nemo} I think I told ya', way back when, when I worked for a systems integration company, we installed a corporate wide system
[10:14] {nemo} We named each of the servers Bohica...
[10:14] {nemo} Every employee, and there were hundreds
[10:14] {nemo} logged in in the morning and saw Bohica
01[10:14] {&Threei}  If holds  .28
[10:15] {drewj} did they know what it mean?
[10:15] {drewj} meant
[10:16] {nemo} nope
[10:16] {nemo} It was a unix based system, so I had to go around often to deal with issues
[10:16] {nemo} Not one person ever made a comment
[10:16] {dino} swk sm l .90 stop .74
01[10:17] {&Threei}  you were right on C, tbell
[10:18] {dino} stop swk -.16
[10:18] {drewj} vad does the volume on wfc show institutional selling?
01[10:19] {&Threei}  I don't know how you can distinguish that in such time frame
01[10:20] {&Threei}  nor do I understand why you'd need that
[10:20] {drewj} all the big volume bars are on red but price still moves up...
[10:20] {drewj} maybe not institutions but showing weakness.
01[10:20] {&Threei}  up?
[10:20] {nemo} huh?
01[10:20] {&Threei}  where do you see price moving up?
[10:21] {drewj} from the opening
[10:21] {dino} opens are messes
[10:21] {drewj} i'm just trying to see how you looked to fade
[10:22] {ese} s vrtx L .11
[10:22] {RonS} s?
[10:24] {dino} expe l .80
[10:25] {dino} ptla drop
[10:25] {RonS} oled pipe beaten
[10:26] {ese} out vrtx .29 +.18
[10:27] {Will49} :) ese
[10:28] {ese} tks
[10:31] {dino} giddy-up
[10:33] {ese} "Don't Change Horese in the Middle of The Stream"   giddy up....giddy up....high ho Tower Of Power
[10:33] {ese} great tune
[10:34] {ese} anw dino
[10:34] {ese} i missed an entry at .20
[10:34] {dino} thx ese
[10:35] {nemo} Yeah, Garibaldi drummed for them I think, and Ellis Hall was in that band for a while
[10:36] {nemo} Hall used to play the Boston area alot in the 70's and early 80's
[10:37] {ese} oh ya he did...........been down to his house in San Fran for a couple of lessons 92/93
[10:37] {dino} anw l .44
[10:37] {nemo} indexes arguably short here
[10:37] {ese} i believe he lives in Seattle now
[10:37] {RonS} ...they played at a dance i attended in Saratoga...1971
[10:37] {ese} awesome
[10:38] {Les} wasn't even born then...
[10:38] {nemo} O.K.  my first concert was Crosby Stills Nash & Young in 1974
[10:38] {nemo} were you born then Les?
[10:39] {RonS} saw the black dude who originally did "Your Still a Young Man" down in Gulfport MS...2 mos before he died...can't remember his name...guy was great...
[10:40] {nemo} Now why can't you remember Ron?
[10:40] {RonS} Harold Melville? Mervin?
[10:40] {nemo} I remember not remembering being at a few shows myself
[10:41] {RonS} was playing in a casino...not advertised...totally stumbled into it
[10:42] {RonS} ese...check it out...was the real deal:
[10:42] {thomcbell} swk looks like short setup still
[10:42] {thomcbell} looking for move back over 74.60
[10:43] {nemo} Yeah, I stumbled into an allen collins gig in Hamburg by accident
[10:43] {Will49} kinda boring without the yappers in DC eh?
[10:44] {ese} that would have been cool ron
[10:44] {nemo} Had come from a "Tom Tom Club" gig-which was the "Talking Heads" without David Byrne.  I come around a corner and there's a bus parked in front of a club, and the sign placard above the windshield says "Albert Collins"  so, in I went.
[10:47] {thomcbell} SWK 74.50 break if holding 74.65 half lot
[10:48] {thomcbell} SWK 1:2
[10:48] {Les} nice
01[10:48] {&Threei}  wtg
[10:48] {thomcbell} chickened out on the above 74.60
[10:48] {thomcbell} looks like it wants that reaction low below 73.50
[10:49] {dino} gj
[10:49] {RonS} elli under pressure
[10:49] {dino} out anw .59, +.15, ty ese
[10:51] {thomcbell} swk flat
[10:52] {ese} well done dino
[10:52] {dino} out expe .92, +.12
[10:54] {nemo} scty weak, vwap around 55.80
[11:01] {nemo} ffiv:  could go to 85.60ish, top shoud be 86.80ish-87
[11:09] {nemo} SPY new highs is like Sauron to his ring
[11:09] {Les} he kept fucking losing it?
[11:10] {Les} to hobbits
[11:10] {nemo} isn't it like you to draw the wrong conclusion to an analogy
01[11:10] {&Threei} Short Setup: GLD  .30 break
01[11:10] {&Threei}  If holds  .40
[11:13] {Les} someone's gotta have fun with boring shits like you
[11:13] {Will49} come on les...put a smiley face on that
01[11:14] {&Threei}  US markets have spent most of the morning in negative territory after Congress reached a deal to resolve the debt standoff on a very temporary basis. Note that terrible Q3 earnings at Goldman Sachs and IBM have slammed the DJIA.
[11:14] {Les} oops sorry
01[11:14] {&Threei}  if market went up, this headline would say:
[11:14] {Will49} this is your father speaking :)  Les
01[11:14] {&Threei}  market enthusiasm cou;n't be supressed even by terrible earning... etc
[11:15] {Les} coulda made it "Les, I AM YOUR FATHER!"
[11:15] {Les} that woulda been funny
01[11:15] {&Threei}  lol
[11:15] {Will49} lol les
01[11:16] {&Threei}  light sabres and heavy breathing
[11:17] {Les} two old geriatrics that need comedy lessons
[11:18] {Les} Vad, I can see you putting out a new book soon
01[11:18] {&Threei}  old geriatrics - isn't it a buttered butter?
[11:19] {Les} can't lay that buttered butter on thick enough I says
01[11:19] {&Threei}  ok GLD... how about you give us 126.90
[11:21] {drewj} seriously?
01[11:21] {&Threei}  if trade works, that's the target
01[11:23] {&Threei}  ot doesn't
[11:28] {Alexs} JPM moving nicely wtf with WFC
[11:28] {RonS} lol...Obama: I am looking for willing partners who are wanting to work with me
[11:28] {RonS} Interpretation: KNEEL BEFORE ZOD!
[11:31] {nemo} frickin grind up
[11:33] {nemo} no sign of index short setups on higher time frame for day
01[11:34] {&Threei}  WFC no go
01[11:34] {&Threei}  annoying day after first 30 min
[11:37] {nemo} if you account for dividend, 172.80 is spy all time high
[11:45] {nemo} Vad, you got the SPY all-time high party hat ready?
01[11:45] {&Threei}  gotta dust it off
[11:54] {thomcbell} vad do u have anything on right now?
01[11:54] {&Threei}  looking around...
01[11:54] {&Threei}  no
01[11:54] {&Threei}  slow creep-up
01[11:54] {&Threei}  need reversal for setups to start appearing again
01[12:01] {&Threei} Short Setup: MCD  .20 break
01[12:01] {&Threei}  If holds  .25
[12:04] {Alexs} MCD triggered?
01[12:04] {&Threei}  not yet
[12:04] {Alexs} k ty
01[12:05] {&Threei}  now it did
[12:05] {Alexs} now I see
[12:06] {Les} SLW coming down GDX may follow here
[12:06] {Les} .40 short?
[12:06] {Les} nah
[12:07] {Les} forgetit
01[12:07] {&Threei}  why
01[12:07] {&Threei}  if holds .45
01[12:07] {&Threei}  why not
[12:07] {nemo} should be good to .35 then seee what happens
[12:07] {Les} was gonna avoid guessing the top
[12:07] {Les} waiting for it to come down a little
01[12:08] {&Threei}  it's a valid setup
01[12:08] {&Threei}  .40 is a good support, .45 is a good resistance
01[12:10] {&Threei}  did MCD really dive to .11 or is it erroneous print?
[12:10] {Alexs} it did
[12:10] {Les} yeh
01[12:10] {&Threei}  missed it
[12:11] {Alexs} it was just 200 shares
01[12:11] {&Threei}  ok... useless then
01[12:11] {&Threei}  but let's trail to .22 now
[12:14] {dino} .
01[12:15] {&Threei}  that's a good point actually
[12:15] {nemo} yep...we're bored
[12:15] {ese} outta here cya tomorrow
01[12:16] {&Threei}  take care ese
01[12:18] {&Threei}  meh
[12:19] {drewj} when will the trend end???
[12:19] {Will49} that's it for me today
[12:19] {Will49} cheers guys
01[12:19] {&Threei}  take care will
[12:19] {drewj} take care will
[12:19] {nemo} party hat time
[12:20] {dino} swk hl l .49
[12:38] {thomcbell} I bought 74.51 break on SWK a few minutes back
[12:38] {thomcbell} FYI
01[12:39] {&Threei}  good one
[12:39] {thomcbell} 1:1
[12:41] {thomcbell} swk 1:2
[12:41] {dino} followed me, huh tbell
[12:42] {thomcbell} yes - it added conviction to my vad setup
[12:43] {thomcbell} tu
[12:43] {dino} stop to .73
[12:44] {dino} out +.24
[12:49] {dino} anik spike
[12:52] {nemo} looks like spy wants to get the stops above 173
[12:53] {nemo} btw, I think the top of the channel from last November when this rally kicked off is just above 173
[12:57] {RonS} prkr
01[12:58] {&Threei} Long Setup:  BBY  .85 break
01[12:58] {&Threei}  If holds  .80
[12:59] {RonS} prkr 20 mil sh short ...danger...
[13:02] {Alexs} bby more looks like dbi doesn't it?
01[13:03] {&Threei}  no... why dbu?
01[13:03] {&Threei}  are you looking at whole day chart?
01[13:03] {&Threei}  or some limited time window, like an hour or two?
01[13:03] {&Threei}  I see nothing even close to DBI
[13:04] {Alexs} last 15 min I mean
01[13:05] {&Threei}  if you cut them out of the day chart, yes... but that's not how you evaluate the chart configuration
[13:05] {dino} prkr patent win over qcom
[13:06] {dino} nus drop
01[13:15] {&Threei}  sigh
[13:15] {dino} hgis
[13:17] {RonS} ?
[13:19] {thomcbell} my stop on swk is 74.70 on last 1/4
[13:24] {RonS} z pressure...
[13:25] {Alexs} fb long 52?
01[13:25] {&Threei}  yup
[13:29] {Alexs} stop .89?
01[13:29] {&Threei}  of course
01[13:29] {&Threei}  after making new high I'd trail to .94
[13:30] {Alexs} no worky
01[13:30] {&Threei}  what the deuce
01[13:31] {&Threei}  moved as if there were news
01[13:31] {&Threei}  but there is none
[13:31] {Alexs} looks like a rinse
01[13:33] {&Threei}  no... honest stop
[13:33] {Alexs} yes
01[13:38] {&Threei}  be back in 30 min
[13:39] {dino} ufpi smr s .75 ave
[13:46] {RonS} kors selloff
[13:47] {Alexs} news?
[13:48] {RonS} came out of closet...turns out he's straight...
[13:49] {dino} kors sm l .04
[13:51] {dino} kors stop .74 -.30
01[13:56] {&Threei}  back
01[13:56] {&Threei}  Michael Kors Holding Ltd Hearing weakness attributed to cautious industry (NPD) data
[13:57] {dino} kors sm l .84
[14:00] {dino} out kors .64, +.80
[14:01] {Alexs} nailed the bastard dino
[14:01] {dino} overall, yeah, lucky
[14:01] {RonS} ns, lost connection here...
[14:02] {dino} thx ron for heads up on kors
[14:09] {Alexs} GLD looks short .45
01[14:09] {&Threei}  very much so
01[14:10] {&Threei}  I am just a bit hesitant, seeing how a few last trades of this kind went
[14:10] {Alexs} yes it's different today
[14:12] {dino} yes, we are working for our cake today
[14:27] {Alexs} c long on .86?
[14:27] {Alexs} or .80 recross
01[14:28] {&Threei}  .80 short looks more entising
01[14:28] {&Threei}  snticing
01[14:28] {&Threei}  enticing
[14:28] {Alexs} lol
[14:28] {nemo} interesting
01[14:28] {&Threei}  tempting
01[14:28] {&Threei}  there
[14:29] {Alexs} ok
[14:33] {dino} tw drop
[14:37] {RonS} nus peeling...
[14:37] {nemo} indexes are actually looking long
[14:40] {dino} partial fill cov ufpi .35, +.40, gappy sucker
[14:40] {dino} ok, filled
[14:40] {dino} tw news?
01[14:41] {&Threei}  nothing fresh
[14:41] {nemo} old, rancid, unbathed news
[14:41] {dino} spoiled
[14:42] {nemo} adulterated
[14:42] {nemo} deflowered
[14:42] {nemo} Bohica'd
[14:42] {Les} slapped
[14:42] {Les} outta here a+
01[14:43] {&Threei}  lol
[14:43] {nemo} I'm frickin' outta' my mind bored
01[14:44] {&Threei}  good old slow creep-up... we forgot how infuriating it can be
[14:44] {nemo} arguably now finnies and spy showing short, but I don't think it will have much range to it
[14:44] {dino} i hear ya nemo, only 2 trades in last 3 hours
[14:45] {dino} damn missed tw
[14:45] {nemo} FAS offered a nice entry around 10:45 other than that, the indexes have been a slow grind
[14:54] {RonS} busted momo...slca
[14:55] {RonS} ffiv looking for a cliff dive...
[14:55] {nemo} yeah, I missed the setup at 1:15
[14:58] {dino} tw lod
[15:00] {nemo} gmcr
[15:00] {dino} tw moves a buck in seconds
01[15:01] {&Threei}  pilp
01[15:01] {&Threei}  pulp
[15:01] {RonS} lol
[15:01] {nemo} gmcr likely to close the gap soon
[15:01] {RonS} thinkin pilp is pulpeyer than pulp
[15:02] {RonS} pulpier
[15:02] {RonS} wmt 5 day low
[15:02] {dino} wmt drop
[15:02] {RonS} gmcr 112 day low
01[15:04] {&Threei}  that was out of bounds print on WMT I guess
[15:04] {dino} thinking same, saw 71s
[15:04] {Alexs} gap form may 8 nemo?
01[15:04] {&Threei}  yup, with huge volume
[15:05] {nemo} then it will probably bounce up to test the 200 day
[15:06] {nemo} that's the generally accepted definition of a bull bear line for a stock
[15:06] {nemo} forgot, it's op ex week
[15:08] {dino} yeah, 3rd friday
01[15:09] {&Threei} Short Setup: BBY  .60 break
01[15:09] {&Threei}  If holds  .70
[15:11] {RonS} lol, was just thinkin...always thought pulp referred to how oats moves through my system...sheesh
[15:14] {dino} lol
[15:14] {nemo} yeah, TMI
[15:23] {RonS} at least it didn't trigger...
[15:23] {nemo} sheesh, gdx gave up the ghost
[15:23] {drewj} that's all for me guys...have a good day
01[15:24] {&Threei}  take care drew
01[15:24] {&Threei}  some days are just...
[15:24] {nemo} LVS running ahead of earnings
[15:30] {Alexs} aig short .65
01[15:30] {&Threei}  will we get any selling into eod
01[15:30] {&Threei}  in hope that we will,
01[15:30] {&Threei} Short Setup: C  51 break
[15:30] {nemo} I don't think so with Op Ex
01[15:30] {&Threei}  If holds  .06
[15:33] {thomcbell} big cup in process on 15 min
[15:33] {thomcbell} and 10 minute but really a nice one on 15
[15:33] {thomcbell} on s[y
[15:33] {thomcbell} spy
01[15:34] {&Threei}  yes
[15:36] {Alexs} c valid?
01[15:36] {&Threei}  I think so
01[15:37] {&Threei}  looks double-toppish
01[15:37] {&Threei}  any help by SPY should send it down
01[15:39] {&Threei}  Invalidated
01[15:39] {&Threei}  AIG is, too
[15:39] {nemo} spy is likely going to the .20 area
01[15:42] {&Threei} Short Setup: GLD  .25 break
01[15:42] {&Threei}  If holds  .35
01[15:42] {&Threei}  last attempt
[15:44] {nemo} you can short indexes here real tight stop
01[15:45] {&Threei}  Invalidated
[15:45] {Alexs} it's not our day
01[15:45] {&Threei}  no
[15:45] {nemo}
[15:46] {nemo} nope
[15:47] {dino} bummer, decent day here
[15:47] {nemo} grind up days are almost never good days for the Sith Lord
[15:48] {nemo} huge buy imbalances
01[15:48] {&Threei}  well, when market was in that mode long enough we did adjust to it
01[15:48] {&Threei}  but when it's a one-off...
01[15:48] {&Threei}  index stop would have been hit too
01[15:49] {&Threei}  ok guys, let's close on this
01[15:49] {&Threei}  we will get them tomorrow
[15:49] {nemo} yeah, the imbalances just came out big to the buy side this is going up
[15:49] {nemo} there is no book up here, clean air