Market Week Wrap-up

TradeTheNews.com  Weekly Market Update: : Selling in May and heading away?

- The DJIA saw its sixth straight month of positive gains in May and the S&P500 grew for a seventh straight month, its longest winning streak since 2009. However the continued surge in markets occurred in the first half of the month, with the latter two weeks seeing declines in equity indices. The Nikkei225 had another volatile week, and fell more than 5% on Thursday as jittery investors dumped shares on the back of a stronger yen, just a week after a 7.3% dive that comprised steepest single-session decline since the tsunami two years ago. Japan's big gambit and Fed tapering continue to loom large over markets, and another round of decent US data underlined US economic strength. The S&P/Case Shiller report showed that home prices jumped y/y by the highest amount in eight years in March and the May Chicago PMI index saw its strongest reading in more than a year. Note however that the second reading of Q1 GDP revised the headline figure down to +2.4% from +2.5%, reflecting downward adjustments to inventories and government spending, and next week's May jobs reading will trump all. Tonight the China May manufacturing PMI report may enter contraction, as was the HSBC flash May manufacturing PMI report earlier this week. For the week, the DJIA fell 1.2%, the S&P500 1.1% and Nasdaq 0.1%.

- Besides the wild moves in the Nikkei, the yen did not manage to weaken further this week. After trading as high as 103 last week, USD/JPY crept lower and closed out the week well into the 100 handle. The pair saw a brief reach toward 102 midweek, but strengthening trend in the yen was the rule. Yields on the 10-year JGB peaked around 0.965%, near a 13-month high of 1 percent seen last week. Yields came off, but it left investors wondering how the BoJ will keep down bond yields while simultaneously driving inflation higher. Note there was some progress on the inflation front, as the May Tokyo CPI data saw its first positive increase since June 2011.

- Talk about the long-heralded rotation out of fixed income gained traction this week as US treasuries sold off and yields spiked higher. Early in the week the 10-year yield broke out of the range seen over the last eight months, trading above 2.1%. Late on Tuesday, yields pushed out to 13-month highs with the benchmark 10-year yield trading as high as 2.235% and yield on the 30-year bond rising as high as 3.280%. The gain over the course of trading on Tuesday was the biggest one-session increase since late 2011.

- Emerging markets are taking a beating from rising bond yields, the strong dollar and the wind-down of the commodity cycle. Traders are watching trade in the MXN, BRL and ZAR as the talk of tighter Fed policy begins to draw funds away from the strongest emerging markets. Emerging market equity funds this week saw their largest weekly outflows - $2.9 billion or 0.3% of AUM - in 18 months, and emerging market debt funds saw their first weekly outflows in a year.

- OPEC agreed to maintain its 30M bpd production quota at its conference in Vienna today. The organization confirmed that it has no official price target for crude and reiterated that it was closely watching market action. OPEC also said it would expand capacity to combat volatility and study whether shale oil is sustainable over the long term.

- The media fixated on the largest bid by a Chinese firm for a US company to date: ag giant Shuanghui International reached an agreement to acquire pork producer Smithfield Foods for $4.7 billion in cash. The deal is sure to be highly controversial: Shuanghui has plenty of ties to the Chinese government and the deal faces review by the U.S. Committee on Foreign Investment (CFIUS). Investors should recall the Nexen deal in Canada that played out with a great deal of drama over the course of last year, although CNOOC managed to pull it off in the end. In other deal news, Berkshire Hathaway reached a deal to acquire Nevada utility NV Energy for $10 billion in cash.

- The euro traded in a broad range this week but closed out only slightly higher at 1.2970 versus the dollar than where it came into the week, around 1.2920. EUR/USD suffered a downdraft on Tuesday from risk appetite, but the Japan pension news and a very positive eurozone consumer confidence reading saw the pair move up to trade briefly around 1.3060 on Thursday. Two European employment reports offered yet another assessment of the perilous state of the continent's economy: the eurozone April unemployment rate rose to 12.2%, a record high, while German May unemployment levels rose slightly for the third consecutive month. There was recurring talk among traders that the ECB had reassessed the economic situation and would not likely do negative deposit rates at the upcoming meeting.

TradeTheNews

May 31 2013

That was a great day to finish a great week and a very good month. Very productive morning, half-empty afternoon and nicely active end of the day. Mostly usual suspects, plus TZA for a nice clean 1:3, called well in advance. Can we be so lucky to have whole June like this?

Session Time: Fri May 31 00:00:00 2013
[08:54] {stevw} allow me to slip in a quick "good morning" before nemo shows up
[08:55] {_fish_49} gm
[08:55] {stevw} how are ya' this morning fish?
[08:56] {_fish_49} good sir
[08:56] {_fish_49} u?
[08:56] {stevw} just dandy and ready for an exciting new day
[08:56] {_fish_49} same here  looks like a gap down
01[08:57] {&Threei}  good morning
[08:58] {stevw} hey there vad, how're things in god's country?
[08:58] {_fish_49} gm Vad
01[08:58] {&Threei}  haven't been there since December...
[08:59] {stevw} ? i meant the bc coast
01[08:59] {&Threei}  I thought of hawaii :)
[08:59] {stevw} grass is always greener somewhere else, eh
01[08:59] {&Threei}  only in the winter
[09:00] {stevw} my paradise is the San Blas Islands in Panama
[09:08] {RonS} gm...hilarious to me that those who would not pay $.28 for nbg are tripping over themselves to pat $9+ after the 10:1 reverse split
[09:08] {Les} gm
01[09:08] {&Threei}  ron, les :)
[09:08] {Les} speaking of that Ron
[09:09] {Les} thought this was informative
[09:09] {Les} S&P 'R&D':
[09:09] {Les} http://www.thereformedbroker.com/2013/05/30/the-new-rd-repurchases-and-dividends/
[09:09] {Les} little organic growth
[09:09] {dino} gm
[09:09] {Les} lots of investor friendly bs
01[09:10] {&Threei}  dino :)
[09:13] {dptl} gm
01[09:13] {&Threei}  dp :)
[09:15] {stevw} SLW indicating a gap down, more so than GDX
[09:17] {Will49} gm
01[09:17] {&Threei}  will :)
[09:18] {Les} yeh uncle buck lifts a finger and silver futures craps itself
[09:18] {Les} doesn't look good for bulls, but still in range/consolidation
01[09:19] {&Threei}  which is another reason for me to remain skeptical on PMa, as I firmly believe dollar is going to go up, a lot
01[09:19] {&Threei}  PMs
[09:19] {Les} yeh
[09:19] {Les} I remember Brandt's charts
[09:20] {Les} weekly time frame and big patterns that emerge before move occurs
[09:20] {Les} no such pattern here
[09:20] {Les} wish I could make the same judgement call intraday seeking out the top with tza
[09:21] {_epach} hi
[09:21] {Les} and corporate balance sheets getting pimped with cheap credit to please investors. equity seems to have a decent future yet
[09:21] {Les} hola
01[09:21] {&Threei}  epach :)
01[09:22] {&Threei}  why do you need to make judgement call seeking the top?
01[09:22] {&Threei}  trade the setups
[09:22] {Les} parlez-vous francais epach?
[09:22] {Les} speaking of which
[09:22] {Les} what was your setup on tza
01[09:22] {&Threei}  ?
[09:22] {Les} DB with morning spike down?
01[09:22] {&Threei}  when?
[09:22] {Les} EoD
[09:22] {Les} the last trade
01[09:23] {&Threei}  gosh... as if I remember
[09:23] {Les} damn that vodka habit of yours
[09:23] {robbers} Vad, if you're following specific stocks pre-market, would it help us to know which ones?
[09:23] {jdetente} Morning Gents...
[09:23] {robbers} Hi jd.
01[09:23] {&Threei}  robbers, jd :)
[09:23] {_epach} no, sorry
01[09:23] {&Threei}  usual suspects robbers
[09:24] {Alexs} gm
[09:24] {ese} gm
01[09:24] {&Threei}  if something is of interest outside of those, I try to mention in advance
[09:24] {robbers} Okay, symbols already loaded.
01[09:24] {&Threei}  alex, ese :)
01[09:24] {&Threei}  Les, I rarely remember details of routine trades
[09:25] {Les} yeh well I was .10 higher and stopped out. I see the differences, wanted to know what you were looking at
01[09:25] {&Threei}  not every 10 cents price difference is setup
01[09:25] {&Threei}  I notice you tend to think in these terms
01[09:26] {&Threei}  buy .20 if hold .10 is not a setup per se
01[09:26] {&Threei}  chart configuration that offers meaninglful signposts at those prices is needed
01[09:26] {&Threei}  look at GDX right now
[09:27] {Les} hmmm
01[09:27] {&Threei}  see setup shaping up with .70 break?
[09:27] {Les} very small inverse cup and handle
[09:27] {RonS} Chicago PMI Release at 9:45 AM ET. Consensus 50.0....pre at 9:42
[09:27] {Les} here
[09:27] {Les} but not really
[09:27] {Les} nothing screaming at me
01[09:28] {&Threei}  not yet, I said "forming"
[09:28] {RonS} what?...Elon Musk: the cooler, louder, more zombie-aware Lee Iacocca
[09:28] {Les} ok. DBI setting up
[09:28] {_fish_49} wow
01[09:28] {&Threei}  lol Ron
01[09:28] {&Threei}  Les, deal:
[09:29] {Les} uh oh
[09:29] {_fish_49} impressive
01[09:29] {&Threei}  before taking a trade or asking about it, ask yourself: can I name the setup?
[09:29] {_fish_49} scanner alert or u were watching the chart?
01[09:29] {&Threei}  not give numbers for it but name it, in terms of 111 Trades
01[09:29] {&Threei}  it's one of usual suspects, fish
01[09:30] {&Threei}  if you casn't name it, it's not there
[09:30] {_fish_49} ty
[09:30] {Les} ok
[09:30] {Les} will do
01[09:31] {&Threei} Long Setup:  SLW  .10 break hl
[09:32] {Les} big spread for slw
01[09:32] {&Threei}  it tends to be too volatile at the open, thus hl
[09:35] {Les} scapled .19 ty
01[09:35] {&Threei}  1:1
[09:35] {_fish_49} out thanks vad
01[09:35] {&Threei}  yw
01[09:39] {&Threei} Long Setup:  CAT  .30 break hl
01[09:39] {&Threei}  If holds  .20
[09:40] {Les} lol
[09:40] {jdetente} yeah that kind of jumped there
[09:40] {_fish_49} out  thanks vad
[09:41] {Les} grabbed a little on 2nd entry
[09:41] {Alexs} second entry?
01[09:41] {&Threei}  hard to tell
01[09:41] {&Threei}  tagged 1:1
[09:41] {jdetente} thinking the same...
[09:41] {jdetente} well not "thinking"
01[09:42] {&Threei}  market spiked and helped it
01[09:42] {&Threei}  but overall, I am not delighted about second entry after 1:1
[09:42] {jdetente} wide spread
[09:42] {robbers} Out CAT, thanks.
[09:43] {Les} 1:2 ty
[09:44] {RonS} caught cat .28 to .55 +.27 ty 3i
01[09:44] {&Threei}  yw
01[09:44] {&Threei}  grrr
01[09:44] {&Threei}  had alert prepared for GDX short .80 break
01[09:44] {&Threei}  it jumped over that too fast and I decided not to do .75 break
01[09:45] {&Threei}  *(US) MAY CHICAGO PURCHASING MANAGER: 58.7 V 50.0E
[09:45] {Les} IWM top?
[09:45] {ese} L ddd .53
01[09:46] {&Threei}  .70 break... maybe
[09:49] {Will49} belated tks Vad out cat 1:2
01[09:50] {&Threei}  :)
01[09:50] {&Threei} Short Setup: GDX  .55 break
[09:50] {Les} using the news to ram the indexes up
01[09:51] {&Threei}  If holds  .65
[09:51] {Les} nice inverted c&h
01[09:51] {&Threei}  yup
01[09:52] {&Threei}  "name that tune" :)
[09:52] {Les} fur boots
01[09:52] {&Threei}  rofl
[09:52] {stevw} out last half of CAT at .70; awesome first trade of the day for me, thanks vad
[09:53] {Les} dt spy .90?
01[09:53] {&Threei}  yw stev
01[09:53] {&Threei}  hmm?
[09:53] {Les} looking at .75 break of iwm?
01[09:53] {&Threei}  where is second top?
[09:53] {ese} out ddd .92 +.40
[09:53] {Les} around 9:40
[09:54] {Les} two one minute candles each time
[09:54] {Les} not sure if that counts as dt
01[09:54] {&Threei}  ?
01[09:54] {&Threei}  9:40 tops at .64
01[09:54] {&Threei}  nowheree close to .90
[09:54] {Les} SPY
[09:55] {Les} what r u looking at?
01[09:55] {&Threei}  SPY
[09:55] {Les} sorry 9:42
[09:55] {stevw} TZA db at yesterday's close perhaps?
[09:55] {Les} candle prints .70 but wick entends to .90
[09:55] {_fish_49} out
[09:55] {_epach} GDX 1:1
[09:55] {_fish_49} GDX
[09:55] {Les} 1:1 ty
[09:55] {_fish_49} thanks Vad
01[09:55] {&Threei}  1:1
[09:56] {_epach} ty Vad
01[09:56] {&Threei}  yw
[09:56] {_epach} great!!
[09:56] {Les} well definitely was DT
[09:56] {_epach} C&H invert
[09:56] {Les} not cleanest setup I've seen in top
01[09:56] {&Threei}  OK, let's reinstitute 30 min rule
[09:57] {Les} partial .37 ty
01[09:57] {&Threei}  please, no general education questions or your setups first 30 min, in hot market more
[09:57] {robbers} Thanks, GDX.
01[09:57] {&Threei}  yw
[09:58] {stevw} apologies
[09:58] {_epach} sorry
[09:58] {_epach} y'r right
[09:58] {Les} :P
01[10:02] {&Threei} Short Setup: SLW  .80 break
01[10:02] {&Threei}  If holds  .87
01[10:03] {&Threei}  meh
01[10:09] {&Threei} Long Setup:  GLD  135 break hl
01[10:10] {&Threei}  If holds  .90
[10:10] {ese} L ddd .82 dino and cipher style
[10:11] {dino} side-tracked, miss much?
[10:11] {ese} small
01[10:11] {&Threei}  decent morning dino
01[10:11] {&Threei}  1:1
[10:11] {dino} good. real estate side-track
[10:12] {_fish_49} ty vsad
[10:12] {_fish_49} vad*
01[10:13] {&Threei}  yw
[10:13] {_epach} GLD 1:1
[10:13] {_epach} ty Vad
[10:15] {_fish_49} someone please slap nemo
[10:15] {_fish_49} he is too quiet this am
06[10:15] * &Threei slaps nemo around a bit with a large trout
[10:15] {_fish_49} ty Vad
01[10:15] {&Threei}  always
[10:17] {Les} sm long tna .81
[10:17] {dino} line sm l .30
[10:19] {Will49} scalper's morning
[10:19] {_fish_49} :)
[10:21] {Les} tna stopped
[10:24] {Les} bull flag tza? .15 break?
[10:25] {Les} might complete a cup with a handle
[10:25] {_fish_49} flag seems much longer than the pole
[10:25] {Les} ?
[10:25] {Les} u a pole dancer fish?
[10:25] {_fish_49} not any more
01[10:26] {&Threei}  can't tell
[10:26] {_fish_49} fell off broke leg  cant do it anymore
[10:26] {_fish_49} lol
[10:26] {ese} vad if you get a sec...take a look at ddd for me.....I think maybe a better entry would have been now on the retrace because it didn't  vilolate the lower bolinger band......and opposed to my entry on the bounce......yes/no?   what do you think
[10:26] {_fish_49} les can we discuss your earlier spy DT?
[10:27] {Les} GLD head and shoulders
[10:27] {Les} .80 short?
[10:27] {ese} am still gonna do ok.....but riskier
[10:27] {Les} fish...?
[10:28] {_fish_49} if you were to trade that  where would ur entry have been?
01[10:28] {&Threei}  I don't see any setup I'd like on it ese
[10:28] {Les} you seeing all the wicks in the first group stopping at .90?
[10:29] {Les} and then 2nd group with candles just shy of .90?
[10:29] {_fish_49} yes  I see the tops but  where would u have entered?
[10:29] {Les} on the ball, below .85
[10:29] {ese} tks......was thinking about your chart reading course with the stock on a retrace on the 1 min chrt not going through the lower BB
[10:29] {Les} still outside bb's
[10:30] {Les} gives great leverage to the setup on much lower rr
[10:30] {Les} but I don't watch SPY for setups, was watching IWM which was a little different
[10:30] {_fish_49} ok
01[10:31] {&Threei}  but it did punch through lower BB, ese
[10:32] {Les} vads bb settings of 13, 1.7 good for noting these moves in 1 min. time frame
[10:32] {_fish_49} what news released  U of M?
[10:32] {ese} on the capitulation but not on the retrace...at least it's not showing that on my chart BB (20/2)
[10:32] {_fish_49} nice spike
01[10:32] {&Threei}  (US) MAY FINAL UNIVERSITY OF MICHIGAN CONFIDENCE: 84.5 V 83.7E
[10:33] {ese} perfect
01[10:33] {&Threei}  but for 1 min chart your BB is not set right
01[10:33] {&Threei}  13/1.7
[10:33] {ese} ahhhhhhhhh.....tks vad
[10:33] {_epach} Long STO .77, .72
[10:34] {_fish_49} length 13?
[10:34] {nemo} bmrn short here below .50 stop above, ehhh... 65
01[10:35] {&Threei}  13 period, 1.5 st dev
01[10:35] {&Threei}  1.7, sorry
[10:35] {nemo} 1.7
[10:35] {nemo} sheesh
[10:35] {ese} ok......now i see it.....it did go through on that setting
[10:37] {_epach} in, but is a mistake from my side because low volumen
[10:39] {_epach} out b/e
[10:42] {nemo} anf tempting short
[10:42] {ese} vad.....at those BB settings ...is it a weaker bounce you get from the stock in general?
[10:42] {Les} ws gonna ask on TZA but appears to be db at 31 only got 100 shares onit
01[10:42] {&Threei}  I am not sure what the connection is
[10:42] {ese} am going to have to do that course again......can't remember the discussion on the charts
[10:43] {nemo} all that loud music ese
[10:43] {nemo} guys anf starting to setup nicely
[10:43] {nemo} if you too bmrn, probably here is a good exit
01[10:44] {&Threei}  .30 break you think?
[10:44] {Alexs} out bmrn .20 thanks nemo
[10:44] {Les} I like it but might bounce back fast
[10:44] {nemo} you're asking me to think?
01[10:44] {&Threei}  sorry
[10:44] {Les} could be squeeze stock
01[10:44] {&Threei}  what was I thinking
[10:44] {nemo} it's called a "stop" Les
[10:45] {nemo} valid consideration Les
[10:45] {Les} stop yer breathing?
[10:45] {nemo} it's also at the top of a channel here
[10:46] {nemo} Les, you have no talent for insulting witticisms
[10:46] {nemo} go practice on your kids for a couple of years
[10:46] {Les} that's why I'm married and you r not
[10:47] {Les} in and half out ty
[10:47] {nemo} Oh right...how many pairs of kneepads you go through a year Les?
[10:47] {Les} you and your kneepads
[10:48] {_fish_49} Les your married?
[10:48] {Les} you're, contraction for you are
[10:48] {Will49} hard to believe isn't it?
[10:48] {Les} yes i am
[10:49] {RonS} his middle name is Whipped...whadya think?
[10:49] {Les} nemo wishes
[10:49] {_fish_49} after trying to correct my English I would ask what gender
[10:49] {Les} hehehe
[10:49] {nemo} It's much worse guys,  he bred...
[10:49] {RonS} lol
[10:50] {Les} we still speak the queens english you yank philistines
01[10:50] {&Threei} Short Setup: GDX  .60 break
01[10:50] {&Threei}  If holds  .65
[10:51] {nemo} ANF should test the whole
[10:51] {Les} run to VWAP ANF...
[10:51] {nemo} fpm
[10:51] {nemo} don't forget the whole
01[10:52] {&Threei}  meh
[10:52] {nemo} right Dino?
[10:52] {dino} tllp drop
[10:52] {_fish_49} meh is short for?
[10:52] {dino} fpm?
[10:52] {Les} http://encyclopedia.thefreedictionary.com/meh
[10:52] {nemo} mistype sorry
[10:53] {_fish_49} ahh  since u put it in terms of Bart Simpson now I understand
[10:54] {Les} bart simpson? u generation x?
[10:54] {nemo} if BMRN does drop this low...good nite, elevator down
[10:55] {_fish_49} I never watched it  but the link Vad sent  had a reference to Bart
01[10:55] {&Threei}  stop of half a normal size doesn't desrve recignition of full size stop, "meh" seems more appropriate
[10:55] {nemo} I find it ironic that Les actually refers to someone else as "phillistine
01[10:55] {&Threei}  it seems "doh" is coming, for "rinse" :)
[10:56] {_fish_49} yea I was asking as in meh means filled and took out stop or it went up before getting in
[10:56] {_fish_49} my order filled
[10:56] {nemo} stop above .20 anf
01[10:56] {&Threei}  it did trigger, yes
[10:56] {_fish_49} and Les don't tell me to read the site for terms  meh was not there  lol
[10:57] {Will49} meh=missed even half
01[10:57] {&Threei}  rinse... sacre blu
[10:57] {jdetente} doh it is
01[10:57] {&Threei}  or is it duh?
[10:58] {jdetente} I think it may actually be d'oh
[10:58] {_fish_49} perhaps Meh is mild  look at GDX now
[10:58] {_fish_49} lol
[10:58] {Les} cover +.21 ty nemo anf
[10:58] {nemo} I think BMRN is gonna' give up the ghost today
01[10:59] {&Threei}  nice one ANF
[10:59] {nemo} now, scalp stop anf above .20, if you want to hold on for bigger move, keep it at .30ish
[10:59] {_epach} Long MS .12 b.0
01[10:59] {&Threei}  morning was easy... things became a bit too jellyfishy now
[11:00] {RonS} unxl getting muddy watered...
[11:00] {nemo} cost weak
[11:00] {robbers} Out GDX, thanks Vad
[11:01] {_epach} MS 1:1
[11:01] {_fish_49} going for a swim, shall return  thanks for a great morning Vad
[11:02] {robbers} A fish swimming, imagine that.
[11:02] {nemo} bmrn spoiled the party. look for reshort .90-63.10
[11:02] {dino} he's like a fish out of water
01[11:02] {&Threei}  hasve fun fish
01[11:02] {&Threei}  btw
01[11:03] {&Threei}  who can name the most useless accessory for a fish?
[11:03] {robbers} Feet.
[11:03] {jdetente} a bicycle
[11:03] {Les} swimsuit
[11:03] {RonS} lips?
[11:03] {Les} huh?
[11:03] {robbers} Purse.
01[11:03] {&Threei}  umbrella
[11:03] {Les} pffffff
[11:03] {dino} bottled water
[11:03] {robbers} LOL Dino.
01[11:03] {&Threei}  lol
01[11:03] {&Threei}  all are good
[11:04] {Les} we bored huh
01[11:04] {&Threei}  well, don't relax into coma
[11:04] {_epach} MS 1:2 & out
01[11:04] {&Threei}  I have a feeling this is not it for today
[11:04] {dino} gj
01[11:04] {&Threei}  good one epach
[11:04] {Les} gotta leave early today, so don't want to risk going into lunch. decent opening
[11:04] {_epach} ty & lucky
[11:05] {Les} although looks like flag developing on SPY over the morning
01[11:05] {&Threei}  probably not at lunch, but last hours should be lively
01[11:05] {&Threei}  we have a fear developing for the weekend
[11:05] {Les} yeh daughter concert so keep what i have for the day
01[11:05] {&Threei}  China PMI Manufacturing
[11:06] {_epach} MS was upgraded today (as you know) and is stronger than FAS
[11:06] {dino} yeah, tee time at 1:30 so playing it close
01[11:06] {&Threei}  a lot of rumor gouing around that it will slip into contraction
[11:06] {Les} banks upgrading each other. what a doozy
[11:07] {Les} spy iwm both touch pivot here
[11:07] {_epach} MS new b.o. .23 or need more consolidation?
[11:08] {_epach} wow
[11:10] {dino} markets rockin' again
01[11:10] {&Threei}  GDX... dirty rotten scoundrel
01[11:11] {&Threei}  NY Fed: Purchased $5.016B in outright coupon purchase; dealers submitted $10.931B for consideration (bid to cover 2.18)- Heaviest purchase was $1.224B in the 01/31/18 maturity
01[11:11] {&Threei}  this is probably what goosed the market
[11:11] {Les} potential for iwm DT at 99 resistance
01[11:13] {&Threei}  Monsanto Co US updates status of investigation into GMO wheat found earlier this week; pursuing different avenues of investigation
01[11:14] {&Threei}  - Reminder: Earlier this week the USDA came across GMO based wheat from the company in Oregon; whereas no such GMO wheat is yet legal to be sold within the United states; USDA claims to be investigating the wheat seed origin after Monsanto claimed to have ended its field testing of GMO wheat (roundup ready) in 2005
[11:14] {_epach} Short OVTI b.d. .60  - .68
[11:14] {Les} exports market closing quicker than you can say GMO following that discovery
[11:15] {_epach} inva
[11:17] {dino} line to .49
[11:20] {dino} to .59
[11:21] {thomcbell} xone looking for a short setup
[11:21] {thomcbell} rest of group flacid
[11:22] {Will49} no personal references about Les please
[11:22] {_epach} I went in OVTI in the recross and I made 1:1. I feel like my party is over
[11:23] {_epach} I'd  shutdown my laptop asap, Vad?
01[11:23] {&Threei}  ?
[11:24] {dino} out line .66, +.36
[11:24] {_epach} I mean that I won more than enough for today, isn't it?
01[11:24] {&Threei}  I don't know :)
01[11:24] {&Threei}  each has their own bottom line
[11:24] {_epach} lol.
[11:25] {Les} profit protection epach. Vad has a post for everything
01[11:25] {&Threei}  one is happy with bread and caviar
[11:25] {dino} whatever floats your boat epach
01[11:25] {&Threei}  another denmands a lobster on top
[11:25] {_epach} roooolllllfffff
[11:25] {Les} I eat cat food most days
01[11:25] {&Threei}  what I do recommend is profit protection technique mentioned by Les
01[11:25] {&Threei}  anyone got url handy?
[11:25] {_epach} have a nice Friday and weekend my friends
[11:26] {nemo} ?
01[11:26] {&Threei}  you too epach
[11:26] {_epach} and thank you so much for everything
[11:26] {Les} http://blog.realitytrader.com/2011/10/profit-how-do-you-handle-it.html
01[11:26] {&Threei}  very welcome
01[11:26] {&Threei}  yes
01[11:26] {&Threei}  read this one ols
01[11:26] {&Threei}  pls
01[11:26] {&Threei}  thanks Les
[11:26] {_epach} ok. Sure. Thanks.
[11:30] {robbers} OK, I'm heading out in a bit, going fishing (think I'll find a big one?).
01[11:30] {&Threei}  hmmm... we know fish went for a swim
[11:30] {dptl} heh..no wonder fish is gone lol
01[11:30] {&Threei}  but he promised to be back today
[11:31] {dptl} lets see who is luckier lol
01[11:31] {&Threei}  lol
[11:31] {robbers} If he doesn't show up, you'll know what happened.
01[11:32] {&Threei}  just don't fish with dynamite
[11:32] {dptl} ye you may get Nemo also
01[11:32] {&Threei} Long Setup:  GDX  .45 break
01[11:32] {&Threei}  lol
01[11:33] {&Threei}  If holds  .35
01[11:36] {&Threei}  (JP) Former Goldman Sachs Asset Management Chief Jim O'Neil: Japan's problems could make the eurozone crisis look like a garden party - UK Telegraph - Link: http://www.telegraph.co.uk/finance/economics/10092023/Japans-problems-could-make-the-eurozones-look-like-a-garden-party.html
[11:40] {dino} japan is going to inflate it away
[11:40] {nemo} they'll try to inflate it
[11:41] {nemo} they can only inflate if all the other currencies don't increase their printing
[11:41] {nemo} I doubt that happens
[11:41] {dino} yes, and the game is on
[11:41] {nemo} as we circle the drain faster and faster
[11:42] {Will49} nice image
[11:42] {dino} esl drop
01[11:42] {&Threei}  1:1
[11:42] {nemo} would you rather see a picture of Les?
[11:42] {RonS} gdx .45 to .56 thanks 3i
01[11:43] {&Threei}  :)
[11:44] {Will49} i liked your image!
[11:44] {nemo} good answer
[11:45] {dino} unxl blood
[11:47] {Les} spy 165 break? IWM seems pretty keen here. could be secondary top
[11:47] {nemo} whre's the daily pivot Les, what time is it?  what day is it?
[11:47] {Les} one of them is about to change direction
01[11:48] {&Threei}  SPY .05 break look right to me... IWM, not so much
[11:48] {Les} spy's got the support, so we'll see if it holds
[11:52] {_fish_49} wow  market jumped
[11:52] {nemo} interesting SPY and finnies look a little different today
[11:52] {_fish_49} I miss any trades?
[11:53] {nemo} yeah, but worse than that, Les is still here
[11:53] {nemo} gmcr pennan
[11:53] {_fish_49} lol
[11:53] {nemo} pennant
[11:54] {_fish_49} astroid coming near earth today?
01[11:54] {&Threei}  some fish, but nothing major
[11:54] {_fish_49} ty vad
01[11:55] {&Threei}  what may be worth a note though, one of them was GDX, wait for it... wait for it... LONG!
[11:55] {_fish_49} get 1:1
[11:55] {_fish_49} ?
01[11:55] {&Threei}  yeah
[11:58] {nemo} yeah...it's a coupla' miles wide
[11:58] {_fish_49} Bernanke astroid?
[11:58] {nemo} cute
[11:58] {_fish_49} 1998QE2?
01[12:01] {&Threei}  it even has its own moon
01[12:01] {&Threei}  which should serve as a butt of many jokes
[12:01] {nemo} GMCR broke the pennant higher
[12:01] {Will49} moon, butt hahaha
[12:01] {_fish_49} lol
[12:01] {_fish_49} lol
01[12:02] {&Threei}  as TTR editor from McGraw Hill said.. "not bad... for a foreigner" {G}
[12:09] {nemo} .50 buyer bmrn
[12:12] {robbers} BTW, Vad, you know I follow your photography and "White on White" is my new favorite.
[12:15] {dino} scty drop
01[12:18] {&Threei}  ty robbers
01[12:19] {&Threei}  I love it too
[12:19] {thomcbell} vad please send me the link
[12:19] {thomcbell} xone darn
[12:19] {thomcbell} too thin for a setup
01[12:19] {&Threei}  http://goo.gl/BbLMt
[12:20] {RonS} ...if God had wanted black & white he wouldn't have invented color TV...
01[12:20] {&Threei}  hehe
[12:20] {thomcbell} very nice
01[12:20] {&Threei}  somewhat step to the side from my usual robust colors
[12:22] {dino} calling it a week. thx all, good one
[12:23] {_fish_49} take care dino enjoy weekend
[12:23] {RonS} cya dino have some good rounds...
[12:23] {Will49} see ya dino
01[12:23] {&Threei}  see you Mon dino
[12:23] {Will49} dino...keep your head down
[12:24] {jdetente} take care Dino
[12:24] {Will49} how romantic Vad "mon dino"
[12:24] {dino} will do will
01[12:25] {&Threei}  hmmm
01[12:25] {&Threei}  gotta be careful with all the multilinguals in the room
[12:26] {RonS} hand signing then...
[12:26] {Will49} iiIii = middle finger
[12:27] {RonS} lol...
[12:29] {jdetente} nice one hehe
[12:41] {ese} gotta go all.....have to teach a class in30....still L ddd.82 1/2........came close to being stopped .42 but still hanging in there.....have a great weekend eh
[12:42] {_fish_49} later ese
[12:42] {ese} later fish
01[12:42] {&Threei}  take care ese, have fun at oak bay tea party
01[12:43] {&Threei}  for the next 30-40 min I'bee on and off folks, in case I don't answer question at once... gotta get smoker going to put some ribs on for a dinner
[12:43] {jdetente} smoker...ribs. Man, I'm jealous
01[12:44] {&Threei}  easy to do really :)
01[12:44] {&Threei}  got a backyard?? :)
01[12:45] {&Threei}  here it is:
01[12:45] {&Threei}  http://photography.realitytrader.com/2012/04/is-it-perfect-weekend-or-what.html
[12:46] {jdetente} Nice. Yeah. Been thinking about getting a smoker lately.
01[12:46] {&Threei}  best thing ever
[12:46] {_fish_49} making me hungry
[12:46] {jdetente} ditto
01[12:47] {&Threei}  this kind of a cheap chrcoal smoker requires some simple modifications though to perform well
[12:47] {jdetente} what kind of wood do you smoke with?
01[12:47] {&Threei}  depends on a meat
[12:47] {jdetente} ribs for example
01[12:47] {&Threei}  pork and beef with hickory
01[12:47] {&Threei}  game with apple or cherry
[12:48] {jdetente} yum
01[12:48] {&Threei}  let me give you a website that will have the best of the best advice on everything smoking related
[12:48] {_fish_49} http://www.realitytrader.com/gallery/main.php?g2_itemId=699
[12:48] {_fish_49} my favorite 3i pic
01[12:48] {&Threei}  :)
01[12:49] {&Threei}  http://www.amazingribs.com/
01[12:49] {&Threei}  smokers, how to modify and use them, recipes, techniques
01[12:49] {&Threei}  everything is top notch
[12:50] {jdetente} Thanks Vad
[12:50] {_fish_49} learned something new from that page already
[12:51] {_fish_49} Don't do grill marks on steak
[12:51] {_fish_49} its like freckles on Lindsay Lahan
[12:51] {_fish_49} lol
[12:51] {nemo} I can't wait until she commits suicide
[12:59] {_fish_49} Someone slap Les  he has not insulted anyone in the last hour
01[13:04] {&Threei}  lol
01[13:04] {&Threei}  guy has great sense of humor
[13:04] {nemo} his existence is an insult
[13:04] {_fish_49} agree
01[13:05] {&Threei}  "every time you boil ribs, terrorists win"
01[13:05] {&Threei}  that one phrase won my heart
[13:05] {_fish_49} Have time to look at TNA vad
[13:05] {nemo} Yeah, Les was long time military...gotta have a sense of humor
[13:05] {stevw} short GDX at .35
[13:05] {nemo} no, time to look at tna was when IWM was at vwap
01[13:05] {&Threei}  I am talking about amazingribs.com guy, nemo
01[13:05] {&Threei}  fish... right chart, wrong time of the day
[13:05] {nemo} oh, Les is a good sport too
[13:06] {_fish_49} gotch
01[13:06] {&Threei}  50/50
[13:06] {nemo} he actually enjoys the abuse
[13:06] {_fish_49} seen price and vol divergence thought it looked weird
01[13:06] {&Threei}  may work, may fail with same odds, too random
01[13:06] {&Threei}  that's the thing... volume drops off because of time of the day,
[13:06] {nemo} fish, I look at those specifically all day, not a good place
01[13:07] {&Threei}  and in absence of good volume setups have less follow-through
[13:07] {_fish_49} gotcha
[13:08] {nemo} during these listless times you wanna' buy support and sell resistance
[13:08] {nemo} breakouts is a whack-a-mole game in this environment and you ain't the hammer
[13:08] {_fish_49} range trade u mean
[13:08] {nemo} tomato tomaaato
[13:09] {nemo} or squash and zucchini
[13:09] {_fish_49} I was asking (Confirming that I understood)  lol
[13:09] {nemo} I understood, but I never make it easy
01[13:09] {&Threei}  {nemo} breakouts is a whack-a-mole game in this environment and you ain't the hammer
01[13:10] {&Threei}  must be the best description of this time of the day I've seen to date
[13:10] {_fish_49} Where is Les when I need him
[13:10] {nemo} I bitch slapped him enough, he's applying salve and vaseline
[13:10] {_fish_49} Les would say Breakouts are  not is
[13:10] {_fish_49} lol
[13:11] {nemo} He's probably off playing aikido in his pretty pajamas
[13:11] {nemo} and to think...he blames me for that
[13:11] {nemo} one could argue, iwm wants to come in here
[13:11] {_fish_49} lol  I enjoy his correction of the English language
[13:12] {_fish_49} my wife speaks English as a second language and I found myself talking like her lately
[13:12] {_fish_49} lol
[13:12] {nemo} first sign of being married too long
[13:12] {_fish_49} 28 years
[13:12] {_fish_49} imagine that
[13:12] {nemo} God bless ya'...
[13:12] {_fish_49} all to the same person
[13:12] {_fish_49} lol
[13:13] {nemo} Having said that...
01[13:13] {&Threei}  ehat's her mother tongue, fish?
[13:13] {nemo} they are the enemy...if it weren't for them, we'd still be in The Garden of Eden
[13:13] {_fish_49} Korean
[13:13] {nemo} ahhhhh....obedient?
[13:13] {_fish_49} yes I am
01[13:13] {&Threei}  lol
[13:13] {_fish_49} if not she will put me in my place
[13:13] {nemo} Ahhhh  US has ruined her
[13:13] {_fish_49} lol
[13:14] {_fish_49} yes  she lived here  longer than in Korea
[13:14] {_fish_49} I loved it when her English was limited  she never talked back
[13:14] {_fish_49} lol
[13:14] {nemo} your mistake was sponsoring citizenship, lost all your torque
[13:14] {nemo} Start acting like you're becoming hard of hearing
[13:14] {_fish_49} agree butwe are both planning  to grab Dula citizenship next spring
[13:15] {_fish_49} duel
[13:15] {nemo} dual
[13:15] {_fish_49} dual
[13:15] {_fish_49} thanks
[13:15] {_fish_49} fat fingers todiy
[13:15] {nemo} duel is with pistols or swords, which is arguably a Freudian slip
[13:15] {_fish_49} today
[13:15] {_fish_49} oh  yea duel is what we do when she trys  to make me  eat Kimchee
[13:15] {nemo} Yeah, I can get Italian citizenship, but...
[13:16] {nemo} I love kimchee
[13:16] {_fish_49} not for me
[13:16] {_fish_49} enjoy all ethnic foods except that
[13:16] {nemo} out of spite?
[13:17] {nemo} frankly, I'm not much on sea slug
[13:17] {_fish_49} no  just have a hard time with the smell
[13:19] {nemo} might look for ebay sort in the .50-.60 area
[13:20] {_fish_49} cant get a chart
[13:20] {_fish_49} I don't have that feed
[13:20] {nemo} freestockcharts.com
[13:21] {_fish_49} I have minimum feed until I start trading full time
[13:21] {nemo} freestockcharts.com
[13:21] {stevw} aaaaaaaaaahhhhhhhhhhh!!!!!!!
[13:22] {Will49} you OK stev?
[13:22] {nemo} I'm afraid to ask
[13:22] {stevw} yeah, just bored
[13:22] {_fish_49} lol
[13:23] {stevw} that was surprisingly therapeutic
[13:23] {Will49} looked like a Hamiltonian orgasm to me
[13:23] {stevw} lol
[13:24] {stevw} if i had one more monitor, you can imagine what might be on it given this slow midday
[13:24] {Will49} btw stev, did you tell me where in Ham you live?
[13:25] {_fish_49} how many monitors stevw
[13:25] {stevw} up in Ancaster now, but grew up in westdale near princess point
[13:25] {stevw} i only have 2 monitors, but 1 is nice and big
[13:25] {Will49} love Westdale
[13:25] {Will49} used to go to that theatre a lot
[13:25] {stevw} great place to grow up and it's even more charming now
[13:26] {stevw} snuck into that theatre from the back alley many, many times
[13:26] {Will49} haha
[13:26] {stevw} the students now living in the area is a mixed blessing
[13:27] {Will49} I'll bet
[13:27] {stevw} they bring more vibrance, but their slumlords let the properties go to hell
[13:27] {Will49} almost bought a house there in the eighties but it had a 6 unit residence next door
[13:27] {stevw} good to avoid
[13:28] {Will49} was too old to join the parties, so passed on it
[13:28] {stevw} that said, would have been a good investment post-92 or so
[13:28] {Will49} yeah...for sure
[13:29] {stevw} you'll no doubt recall houses in east-central hamilton for {100k
[13:29] {Will49} yup
[13:29] {Will49} what are they now?
[13:29] {stevw} hard to imagine now you're out west, eh
[13:29] {stevw} they haven't been great investments, but gone are the days when you could get a 2 and a half storey brick home at those prices
[13:30] {stevw} but, you could still find solid ones for 150k
[13:30] {Will49} yeah, Victoria is idyllic if you can afford the housing
[13:30] {stevw} i keep watching the mid-island prices
[13:30] {Will49} been tempted to move back to Ham but the prov gov't scares me
[13:30] {stevw} put the wife to work at nanaimo general, (she's an RN)
[13:31] {stevw} seriously?!?
[13:31] {Will49} wife's family all there
[13:31] {stevw} dundas valley is pretty, but that's the only good thing you can say about this area
[13:32] {Will49} if it was just me, i'd stay put here
[13:32] {stevw} you should stay away from people dumb enough to live here, we're clearly not sane
[13:32] {Will49} lol
01[13:32] {&Threei}  lol
[13:32] {nemo} sanity is different from intelligence
01[13:32] {&Threei}  seriosuly will... this is the weirdest thing I;'ve heard you say
[13:32] {Will49} I got spooked when Bob Rae got elected
01[13:32] {&Threei}  and I didn't hear you saying many of those
[13:33] {stevw} jeez, i could almost take that as a compliment - from nemo, no less!!
[13:33] {stevw} Bob Rae would be a treat compared to McGuinty
[13:33] {nemo} I was accusing you of neither
[13:33] {_fish_49} dang  was watching FB for a short
01[13:34] {&Threei} Long Setup:  FCX  .40 break
[13:34] {Will49} Yeah Vad, Carolyn's mother only has a couple of years left and all her relatives are there
01[13:34] {&Threei}  If holds  .30
[13:37] {Will49} yeah stev...McGuinty was a real piece of....work.
[13:38] {Will49} ruined the place IMHO
[13:38] {stevw} he and Glen Clark would make good buddies
[13:38] {Will49} lol
[13:41] {Will49} so Vad..is FCX the kind of alert on which to put a conditional buy order in case I fall alseep watching it for the next two hours?
[13:42] {Will49} :)
01[13:42] {&Threei}  why not :)
[13:48] {stevw} vad, what's your opinion on agg entry to FCX at .35 given the pattern since noon?
[13:48] {stevw} maintain a similar .30 stop
[13:53] {jdetente} moot point now
[13:55] {stevw} imperfect c&h may complete on GDX in harmony with FCX breakout
01[13:55] {&Threei}  SPY is jerky
[13:55] {stevw} handle is a little deep, but that is likely attributable to low volume
[13:56] {Alexs} FCX triggered?
01[13:56] {&Threei}  yes
[13:57] {Alexs} makes sense to get in now?
01[13:57] {&Threei}  I'd wait for second break, confirming the strength
[13:57] {Alexs} k
01[13:58] {&Threei}  weird SPY moves
[13:58] {stevw} CAT currently in slightly positive territory for the day, but threatening to drop
01[14:11] {&Threei}  not good
01[14:12] {&Threei}  - Fed advisory council minutes: borrower undertainty hurt loan demand and small firms are recluctant to raise spending- Board consists of 12 bankers - Sequestration has had little impact and accomodation to continue for 1-3 more years
01[14:12] {&Threei}  not sure what in it spooks the market
01[14:13] {&Threei}  sounds mostly irrelevant
[14:13] {_fish_49} Friday, last day of month?
[14:13] {stevw} drop CAT drop
01[14:13] {&Threei}  a bit early for closing selloff
[14:13] {_fish_49} Sequestration was a joke  90% of it was put off till 2014
01[14:13] {&Threei}  yeah
[14:15] {_fish_49} level 2  shows significant support at .30
[14:15] {_fish_49} but I have come to realize  Level 2 is not longer of use
[14:16] {stevw} it may disappear in favour of support around .20
01[14:16] {&Threei}  it never really was
01[14:16] {&Threei}  other than for small scalps
01[14:16] {&Threei}  its role was a bit klarger during fraction times
01[14:16] {&Threei}  dcecimals diminished it even more
[14:17] {stevw} GDX gonna'breakout or fail?
[14:17] {nemo} believe it or not fas above .20 a good bet
[14:17] {stevw} ok CAT, that's one of your 9 lives
01[14:19] {&Threei}  ok FCX
01[14:19] {&Threei}  do your thing now
01[14:20] {&Threei}  you held by fingertips like a champion. Show that you can break and, umm, run
[14:20] {Will49} if this trade lasts more than 4 hrs, i'll have to call my doctor
[14:22] {nemo} mmhhh, maybe it's drain circling time
01[14:22] {&Threei}  market close is closer than that so...
[14:22] {Will49} :)
[14:23] {_fish_49} and if the astroid hits then no worries either
[14:23] {Will49} at my age, once you get one of these trades you don't want to lose it:)
01[14:23] {&Threei}  fish, no way nemo gets this lucky
01[14:24] {&Threei}  you should see him when 12/21/2012 came and went with no end of the world... he cried like a baby
[14:24] {_fish_49} lol
[14:24] {_fish_49} lol
[14:24] {_fish_49} lol
01[14:24] {&Threei}  bawled
[14:25] {_fish_49} means he still had to pay his mortgage
[14:25] {_fish_49} lol
[14:27] {_fish_49} Level 2  no longer showing that support at .30 waaaa
[14:27] {nemo} still looking like they're gonna' run this thing up
[14:28] {nemo} nah, I was already, was gonna' go around and put all my neighbors out of my misery
[14:28] {nemo} all ready
[14:28] {_fish_49} its  ok  typo's are allowed  Les not here
01[14:30] {&Threei}  oh well
[14:30] {_fish_49} smelly ass carp
01[14:30] {&Threei}  SPY is losing it
[14:33] {stevw} well CAT, you almost shook me out, let's see if you can properly die now
[14:35] {stevw} and to think i was bored to distraction a couple hours ago
[14:36] {_fish_49} are u short in CAT stevw?
[14:36] {stevw} yes, short at .45
[14:38] {jdetente} nice 1:1 there
[14:38] {stevw} the second failure of .40 has me waiting for more
[14:38] {jdetente} you're not taking half off?
01[14:38] {&Threei}  and SPY is helping nicely
[14:39] {stevw} will make that decision in the next 2 minutes
[14:40] {stevw} 1:2 seems to easy to not wait for
[14:41] {nemo} possible bounce territory
[14:41] {_fish_49} for what its worth I think u can get 1:2  I'm pulling for u  lol
[14:41] {stevw} true and ty
[14:42] {nemo} bounce time
[14:43] {stevw} not many buyers picking it up
[14:43] {thomcbell} looking for a long setup kors
[14:44] {thomcbell} not quite there yet but 63.58 long break if holdin 63.48
[14:45] {nemo} mmhhh...looks likely to test 63 thom
[14:46] {_fish_49} Die Cat Die
[14:46] {thomcbell} kors invalid will look lower
[14:46] {nemo} look on daily
[14:46] {thomcbell} dino where is s3
[14:47] {thomcbell} my tradestation only gives 1 and 2
[14:47] {_fish_49} Dino logged out awhile ago Thom
[14:47] {nemo} 62/93
[14:47] {nemo} 62.93
[14:47] {nemo} 63.03 support on daily
[14:48] {Will49} there ya go fish
[14:48] {stevw} covered half at .25 for 1:2
[14:48] {_fish_49} good job Stevw
[14:48] {thomcbell} yes i may take a look near 63
01[14:49] {&Threei}  that China PMI fear takes over
[14:50] {thomcbell} i am still going to use 63.58 trigger
[14:50] {thomcbell} with stop under day low
[14:50] {thomcbell} kors
01[14:51] {&Threei}  probably bounce time for SOY but more selling should return later
01[14:52] {&Threei}  wacth TZA for potential entry around 31.10
[14:53] {thomcbell} kors invalid
[14:53] {thomcbell} still watching
01[14:54] {&Threei}  in case you wondered:
01[14:54] {&Threei}  *(CO) COLOMBIA CENTRAL BANK LEAVES OVERNIGHT LENDING RATE UNCHANGED AT 3.25%, AS EXPECTED
[14:55] {thomcbell} decent wick there on kors 2 minutes ago
01[14:57] {&Threei} Short Setup: FB  .30 break
01[14:57] {&Threei}  If holds  .35
[15:02] {thomcbell} kors 63.49 long break if holding 63.37
[15:05] {_fish_49} two weeks ago everyone was selling FB  where did all the sellers go?  lol
[15:08] {thomcbell} its 1:1 kors - think it should have more
[15:08] {nemo} raise your stop to .49ish
[15:08] {thomcbell} yes
[15:10] {thomcbell} fio could really squeeze if 14.50 gets broken too
[15:10] {thomcbell} been consolidating since 11:15
[15:11] {thomcbell} in 0.10 cent range
[15:11] {thomcbell} out second half michael kors
[15:13] {_fish_49} good job Thom
[15:13] {nemo} kors looks short now
[15:15] {thomcbell} tu yes it has wet blanket onit
[15:15] {_fish_49} look at the 15 minute chart
01[15:16] {&Threei}  TZA on watch still
[15:16] {nemo} not until iwm get's to .50-.60 area
[15:16] {thomcbell} same with fio
01[15:21] {&Threei}  almost ready TZA
01[15:21] {&Threei} Long Setup:  TZA  .10 break
01[15:22] {&Threei}  If holds  .05  for scalpers, 31 for day traders
[15:22] {nemo} think they have to hunt for stops above 165 in spy first
01[15:27] {&Threei}  half out
[15:27] {nemo} of your mind?
01[15:27] {&Threei}  what makes you think it was all there?
[15:27] {_fish_49} all out
[15:27] {_fish_49} thanks vad
01[15:28] {&Threei}  sure
01[15:28] {&Threei}  keeping half still with .04 stop
01[15:28] {&Threei}  there should be some more panic
[15:28] {_fish_49} after took half off the table  I moved my stop up to BE  and had my stop taken out
01[15:28] {&Threei}  but 1:1 wasn't exactly hit yet
[15:29] {dptl} short CRM .79
01[15:29] {&Threei}  now it is, trailing stop to .08
[15:29] {_fish_49} yes when u said half out  I paniced
[15:29] {_fish_49} lol
01[15:29] {&Threei}  lol'
[15:29] {_fish_49} I rode it  short prior to you calling it  long
[15:29] {_fish_49} grabbed 10 cents
01[15:30] {&Threei}  cool
01[15:30] {&Threei}  1/4 more out
01[15:30] {&Threei}  the most pleasant thing about this trade is, called well in advance
[15:30] {nemo} very nice volume candle at 3:22
01[15:30] {&Threei}  14:52] {&Threei} wacth TZA for potential entry around 31.10
[15:30] {_fish_49} yes  and  when I filled  I had that feeling like  ok this is my 1:3  today
[15:31] {_fish_49} don't know  why I let panic set in
[15:31] {nemo} thinking about your wife?
[15:31] {_fish_49} no
[15:31] {_fish_49} her boy friend
[15:31] {_fish_49} lol
[15:32] {nemo} mmmmhhhhhh....
[15:32] {_fish_49} kicking myself in ass  this was the perfect stock to be long  at the 3:30 sell off
[15:33] {Will49} out 1:3 tks Vad
01[15:33] {&Threei}  1:3 baby
[15:33] {dptl} half out CRM
01[15:33] {&Threei}  will :)
[15:33] {nemo} this does not bode well for Monday
01[15:33] {&Threei}  good one dp
[15:33] {dptl} :)
01[15:34] {&Threei}  confidence returns gradually?
[15:34] {dptl} amm...dont know yet but working on it
01[15:34] {&Threei}  just watch for the moment when it turns into recklessness
01[15:34] {&Threei}  but fear not, I'll be watching with 2x4 ready
[15:35] {dptl} lol
[15:35] {_fish_49} perhaps another trade in this action?
01[15:36] {&Threei}  if pulls back to .20, yes
[15:36] {stevw} covered last half of CAT for 1:4; yeah baby
[15:36] {Will49} wtg stev
01[15:36] {&Threei}  nice
[15:36] {_fish_49} stevw  great job
[15:36] {Will49} now that's fun!
[15:36] {stevw} you betcha
01[15:36] {&Threei}  kicking butt guys
01[15:36] {&Threei}  or moon
[15:36] {Will49} lol
01[15:36] {&Threei}  great to see
[15:37] {nemo} might be stand aside time now
[15:37] {Will49} party pooper
[15:37] {_fish_49} yes  on paper  I made decent money this week  Thanks Vad
01[15:37] {&Threei}  sure
[15:37] {nemo} last 20 minutes of the month, can get very unpredictable
[15:38] {_fish_49} I can call the  market  today  Nemo
[15:38] {_fish_49} want  my call?
[15:38] {nemo} 165
[15:38] {_fish_49} Close at 4 pm
[15:39] {nemo} don't let the door hit you in the ass on the way out
[15:39] {_fish_49} I messed that  up
[15:39] {nemo} it might cause brain damage
[15:39] {_fish_49} I can call the close  today Nemo  want  my call?
[15:39] {_fish_49} lol
[15:40] {thomcbell} nice nemo on kors
[15:41] {thomcbell} using 14.44 stop on fio- it holds up well
[15:46] {_fish_49} have a great weekend
[15:46] {Will49} u 2 fish
01[15:47] {&Threei}  you too fish
[15:47] {_fish_49} thanks for letting me trade this week Vad  see you guys in July
[15:47] {thomcbell} mon may have one more down draft
01[15:47] {&Threei}  take care, we will be here
[15:47] {_fish_49} I will be on the road most of June and back in the room come  july
[15:47] {nemo} thanks for the wrning
[15:47] {_fish_49} bye all
[15:47] {nemo} warning
[15:47] {_fish_49} Love u 2  Nemo
[15:47] {_fish_49} bye
[15:48] {nemo} emotional guy
[15:48] {Will49} is that a compliment?
01[15:48] {&Threei}  well, you do proboke strong emotions in people {G}
[15:48] {nemo} observation
01[15:48] {&Threei}  and fish
[15:48] {nemo} don't forget Bunny
01[15:49] {&Threei}  and bunnieas
[15:49] {nemo} mmmhhhhh....Les didn't come back for his afternoon accosting
[15:49] {dptl} out CRM +.30
01[15:50] {&Threei}  wtg
[15:50] {Will49} awright dp!
01[15:50] {&Threei}  good day finishing good week
[15:50] {dptl} ty
[15:50] {thomcbell} out fio 14.48 -0.02
01[15:51] {&Threei}  California lawmakers reject bill that would have created an agency to tax, regulate medical marijuana
01[15:51] {&Threei}  weird
[15:51] {nemo} it's California
01[15:51] {&Threei}  of all places California should have embraced this
01[15:52] {&Threei}  bout of sanity?
01[15:52] {&Threei}  very fleeting I am sure
[15:52] {jdetente} good thing for us Californians though...last thing we need is one more govt agency
[15:52] {nemo} no, they tax productive people...drugs are a counterculture thing so they leave them alone
01[15:52] {&Threei}  yes but to miss a chance to create another agency??
01[15:52] {&Threei}  that's anti-californian
[15:53] {stevw} wild day!  thanks for some great trades vad.
[15:53] {Will49} have a great weekend everybody
01[15:53] {&Threei}  ok guys, thank yiou all
[15:53] {stevw} have a good one, all
01[15:53] {&Threei}  told you that was not all for the morning acrtivity
[15:53] {dptl} good weekend all
01[15:53] {&Threei}  have a great weekend
[15:53] {jdetente} Have a good weekend everyone
01[15:53] {&Threei}  see you Monday
[15:57] {thomcbell} oh mon
01[15:57] {&Threei}  yeah

May 30 2013

Picture perfect day, with trade after trade working for 1:2 and 1:3. One 10-cents stop on half lot couldn't even make a dent. Both long and short worked  at different times of the day.

 Session Time: Thu May 30 00:00:00 2013
[08:57] {stevw} g'mornin
[08:57] {nemo} on what do you base this assessment?
[08:58] {_fish_49} woke up this am
[08:58] {_fish_49} lol
[08:58] {nemo} if it gets any better we'll have to call the undertaker
[08:58] {Les} fish laughing at his own jokes already hey
[08:59] {Les} gm
[08:59] {nemo} you see me laughing?
01[08:59] {&Threei}  morning guys
[08:59] {_fish_49} morning Vad
[08:59] {Les} figure of joy you r, of course not
[09:00] {stevw} perhaps nemo, you can appreciate the other side of the "good morning" which for me is that i sleep so poorly i'm happy to just stop trying and get up
[09:00] {stevw} sardonic enough?
06[09:01] * Les slaps stevw around with a box of valiums
[09:01] {stevw} hmm, haven't tried those yet
[09:01] {dino} gm
01[09:01] {&Threei}  dino :)
[09:02] {nemo} do you drink alcohol at night stevv?
[09:02] {stevw} not enough i suspect
[09:02] {nemo} alcohol will interfere with sleep
[09:03] {nemo} Do you get regular exercise?  or meditate?
[09:03] {cipher} gm
[09:03] {stevw} i usually exercise a lot, but had major neck surgery 2 weeks ago,so still in recovery
[09:03] {nemo} ahh, now we know why your sleep sucks
[09:03] {stevw} the sleep i got while taking narcotic pain killers was awesome!
[09:04] {stevw} but, i've got myself off them now
[09:04] {dptl} gm
[09:04] {nemo} what was the condition-herniated disk?
01[09:04] {&Threei}  dp :)
[09:04] {Les} ah ok
[09:04] {stevw} congenital stenosis, a narrowing of the spinal column
01[09:04] {&Threei}  melatonin?
[09:04] {nemo} ahhhh...yeah, that's an issue...I was misdiagnosed with that once
06[09:04] * Les slaps vad round with a medical dictionary
[09:05] {stevw} i take some herbals now and again and i like them - they only seem to work for 4 -6 hours though
[09:05] {stevw} misdiagnosed?  it was herniated or something?
[09:06] {nemo} no, had a cat scan, the doctor who analyzed it was a moron...was living in Germany at the time, ended up being an advanced case of Lyme Disease
[09:06] {stevw} hmm, i've heard of Lyme Disease leading to many misdiagnoses!
[09:07] {stevw} i bet it took a while to get that under control
[09:07] {stevw} it's a nasty little devil
[09:08] {Les} that u playing around with deer and other game Nemo?
[09:08] {nemo} Well, one of the original Doctors who was in Lyme Ct. when they discovered it was working the next town over, doctor that performed an emg on me contacted him...then it was two weeks of Rocephin twice a day...I've had it again 4 times since
[09:08] {Les} tick borne bact
[09:08] {nemo} But now, just your basic doxicyclene for a couple of weeks
[09:08] {Les} returns from time to time?
[09:09] {Les} infection
[09:09] {nemo} Added bonus, that's an anti-biotic that you can still drink while taking
[09:09] {stevw} sweet
[09:09] {Les} u r seriously f&%ç*d up
[09:09] {nemo} no, I'm a hunter, so I pick up ticks now and again
[09:09] {dino} lots of them here this spring, dog keeps getting them
[09:09] {Les} become a hunter... and a carrier of disease
[09:09] {nemo} That's how I've been further infected...I just call the doctor, tell him to write me a script
[09:10] {stevw} you should try to avoid intimacy with the animals
[09:10] {nemo} I love shooting them
[09:10] {nemo} Wish you could shoot the two legged ones
[09:10] {stevw} and then getting intimate?
[09:10] {nemo} legally
[09:10] {nemo} no
[09:10] {nemo} not much on the necrophilia
[09:10] {stevw} i was just suggesting maybe cuddling
[09:10] {nemo} Although, there have been a couple of women that could be so described
[09:10] {stevw} not trying to be too rude
[09:11] {nemo} Don't worry about it, Les has that cornered
[09:11] {RonS} hello everyone
01[09:11] {&Threei}  not trying to be too rude {--- that's where you lose nemo
01[09:11] {&Threei}  ron :)
[09:12] {Les} yeh but we still love him
[09:12] {Les} nasty piece of work he is
[09:12] {Les} summer might be finally growing some balls and imposing itself in Europe...
[09:12] {_fish_49} tough crowd
[09:12] {_fish_49} Les had Nails for breakfast again I see
[09:12] {nemo} no, they just think they are
[09:13] {stevw} expecting gap up in FB this morning after a couple analyst upgrades
[09:13] {dino} have to leave for hour or so
[09:14] {stevw} just mentioning FB, because i take such pleasure in any opp to short it
[09:14] {nemo} gonna' be hot here today
[09:15] {_fish_49} where are you Nemo?
[09:15] {nemo} SOB
[09:15] {nemo} South Of Boston
[09:15] {_fish_49} never been there
[09:15] {_fish_49} oh
[09:15] {nemo} I thought SOB was a witty reference
[09:15] {_fish_49} I'm SOB as well
[09:16] {_fish_49} calling for near 100 today
[09:16] {nemo} I thought you were NOB?
[09:16] {_fish_49} yep
[09:16] {_fish_49} NOB and SOB
[09:16] {nemo} ahhhh, that narrows it down, and EOD
[09:16] {nemo} WOD
[09:16] {nemo} sorryu
[09:17] {Will49} gm
[09:17] {_fish_49} gm will
01[09:17] {&Threei}  will :)
[09:17] {Will49} hey fish
[09:18] {Will49} hey Vad
[09:18] {nemo} I'm not a fish...that is not the reference
[09:18] {Will49} ooops soory
[09:18] {Will49} sorry
[09:18] {nemo} don't you read Greek Literature?  sheesh...
[09:18] {dptl} lol...room slowly becomes an aquarium
[09:18] {Will49} lol
01[09:19] {&Threei}  lol
[09:19] {_fish_49} nemo not a fish he is a tode
[09:19] {Will49} one shark and a lot of minnows
[09:19] {_fish_49} http://www.nematodes.org/images/acrobelesrainbow.gif
[09:19] {_fish_49} nematode
[09:20] {_fish_49} everytime I see Nemo name  I think of a nematode
[09:20] {Will49} pretty
[09:20] {Alexs} gm
[09:20] {Les} http://encyclopedia.thefreedictionary.com/nemo
01[09:20] {&Threei}  alex :)
[09:20] {Les} what is the referenc?
[09:20] {Les} e
01[09:20] {&Threei}  I think of a mad captain of a submarine
[09:25] {nemo} It's from the Illiad
[09:26] {jdetente} morning all
01[09:26] {&Threei}  jd :)
[09:26] {Will49} you have a great memory nemo
[09:28] {_epach} hello all
01[09:28] {&Threei}  morning epach
[09:28] {nemo} epach chopra
[09:28] {robbers} Welcome here epach.
[09:28] {Will49} lol nemo
[09:29] {jdetente} welcome epach
01[09:30] {&Threei} Long Setup:  FCX  .25 break
01[09:30] {&Threei}  If holds  .15
01[09:30] {&Threei}  1:1
[09:30] {_fish_49} missed it
01[09:31] {&Threei}  yeah, was a bit fast
[09:31] {jdetente} yup me too darnit
01[09:31] {&Threei} Long Setup:  GLD  .75 break hl
01[09:31] {&Threei}  If holds  .65
01[09:32] {&Threei}  Invalidated
[09:32] {robbers} Thanks FCX.
01[09:32] {&Threei} Long Setup:  C  .30 break
01[09:33] {&Threei}  If holds  .20
[09:35] {Les} tna potential .50 cross if stabilises here
01[09:35] {&Threei}  1:1
[09:35] {_epach} good
01[09:35] {&Threei}  1:2
[09:35] {_fish_49} out here  thanks vad
01[09:35] {&Threei}  yw
[09:35] {Les} ty
[09:35] {robbers} Out C, thanks again.
[09:35] {RonS} C .28 to .42 thanks 3i
01[09:36] {&Threei}  :)
01[09:36] {&Threei}  1:3, out
[09:36] {Will49} tks vad 1:3 out
[09:36] {RonS} ooof
[09:36] {jdetente} thanks vad
01[09:36] {&Threei}  yw guys
01[09:36] {&Threei} Long Setup:  GDX  .10 break
01[09:37] {&Threei}  something's wrong with me...
01[09:37] {&Threei}  4 long calls in a row?
[09:38] {Alexs} stop?
[09:38] {ese} morning.......still struggling with tech issues
01[09:38] {&Threei}  keep this one tight, under .05
01[09:38] {&Threei}  morning ese
[09:38] {Les} l tza .11 holding .00
[09:38] {jdetente} long GDX...did Vad get abducted by aliens??
01[09:39] {&Threei}  something's obviously amiss jd
01[09:39] {&Threei}  1:1
[09:39] {_epach} GDX 1:1. ty Vad
01[09:40] {&Threei}  yw
[09:40] {Les} stopped.
[09:40] {_fish_49} ty vad out
[09:40] {+cc_9} anyone kept that VTR from yesterday on watch for this morning ? Nemo ?
[09:40] {robbers} Out GDX, thanks yet again :).
01[09:40] {&Threei}  :)
[09:40] {RonS} gdx 10 to .22 ty
01[09:41] {&Threei}  1:2
[09:41] {Les} all out ty
[09:41] {jdetente} out GDX thanks
01[09:41] {&Threei}  yw guys
[09:41] {Will49} nice Vad...tks again
01[09:41] {&Threei}  will GDX forgive me now for all the countless shorts?
[09:41] {jdetente} apparently!
[09:42] {robbers} LOL
[09:42] {jdetente} GDX has low self esteem...she'll take anyone back
01[09:42] {&Threei}  rofl
[09:42] {Les} hehe
01[09:42] {&Threei}  1:3 close enough, out
01[09:43] {&Threei}  US) Preview: Apr Pending Home Sales expected at 10:00 ET
01[09:45] {&Threei} Short Setup: FCX  .15 break
01[09:45] {&Threei}  If holds  .20
01[09:46] {&Threei}  Invalidated
[09:46] {RonS} ticked .22 now what?
[09:46] {RonS} ok
01[09:48] {&Threei} Short Setup: GLD  .30 break hl
01[09:48] {&Threei}  If holds  .40
01[09:48] {&Threei}  man, this feels good
01[09:48] {&Threei}  even to type
[09:48] {jdetente} like taking a nice drink of scotch
[09:48] {jdetente} it's just right
01[09:48] {&Threei}  Glenlivet, 15 years
[09:48] {_epach} lol
[09:48] {jdetente} nice
[09:49] {_epach} Vad
01[09:49] {&Threei}  Spy gets a bit ahead of itself
[09:49] {_epach} I'm from Spain, like Fernando
01[09:49] {&Threei}  oh cool
01[09:49] {&Threei}  say hello to him
[09:49] {_epach} sure
01[09:49] {&Threei}  Invalidated  GLD
01[09:50] {&Threei}  wacthing TZA, moment must be close
[09:50] {Les} if spy holds .25
01[09:51] {&Threei}  one more pullback TZA, please
01[09:51] {&Threei}  give us double bottom
01[09:53] {&Threei}  wasn't oo clear to me
01[09:53] {&Threei}  still isn't
[09:54] {Les} took on first bounce .65/.55 but stopped my 2H. spy still trying to clear.25
[09:55] {Les} IWM should be good for one more go at top
[09:55] {_epach} less than 5' to pending home sales preview
[09:55] {Les} blood gushing in 15 min time frame
[09:55] {Les} tza
01[09:56] {&Threei}  ok, let's wait numbers out
01[09:56] {&Threei}  meanwhile, relax for a min by looking at white on white: http://goo.gl/Mk61w
[09:57] {Les} brings out texture taking away colour
01[09:58] {&Threei}  that was the idea
[09:58] {jdetente} very nice Vad
01[09:59] {&Threei}  ty
01[09:59] {&Threei}  bad number
01[09:59] {&Threei}  *(US) APR PENDING HOME SALES M/M: 0.3% V 1.5%E; Y/Y: 13.9% V 12.8%E
01[10:00] {&Threei}  well... one bad, one good
[10:00] {_fish_49} short Tol?
[10:00] {_fish_49} oops  too late
01[10:00] {&Threei}  no
01[10:01] {&Threei}  don't trade on news alone
[10:01] {stevw} poss dt in CAT
[10:04] {_epach} & gdx?
01[10:06] {&Threei}  TZA got away
01[10:08] {&Threei} Long Setup:  CAT  .60 break hl
01[10:08] {&Threei}  If holds  .50
01[10:14] {&Threei}  half out
01[10:15] {&Threei}  stop to .57
[10:15] {_fish_49} out in full  thanks vad
[10:15] {jdetente} yeah pulled the plug. Thanks Vad
01[10:15] {&Threei}  yw
01[10:16] {&Threei}  stubborn seller at .69
01[10:17] {&Threei}  market doesn't know what to make of this number
01[10:18] {&Threei}  is m/m bad because of lack of demand or lack of inventory?
[10:18] {thomcbell} seems meaningless to me
[10:18] {thomcbell} not that i am thinking
01[10:19] {&Threei}  :)
[10:21] {RonS} most say lack of inventory...they retained a higher than normal employment during downturn and now refuse to add workers...acting like airlines, restricting capacity to maintain pricing power
[10:23] {Will49} boy...market really fell asleep
[10:23] {_fish_49} too early for lunch
[10:24] {Les} long tza
[10:24] {_fish_49} lol
[10:24] {Les} .02
[10:24] {Les} partial
[10:27] {Les} 2nd partial
[10:27] {Les} iwm potential .50 long
01[10:28] {&Threei} Short Setup: GDX  .60 break
[10:31] {Les} tza stopped on trail
01[10:32] {&Threei}  change GDX to .70 break
01[10:32] {&Threei}  If holds  .75
[10:32] {+cc_9} VMW major waterfall
[10:32] {nemo} cost looks long on a break above .30
01[10:34] {&Threei}  Starbucks Corp Teavana Recalls 445K Glass Tea Tumblers Due To Laceration and Burn Hazards- Hazard: The glass tea tumblers can break or shatter unexpectedly, posing laceration and burn hazards. Incidents/Injuries: Teavana has received approximately 302 reports of the glass breaking or shattering, including six reports of lacerations and burns when the tumblers broke during use. Injuries include cut fingers and legs and burned toes
[10:35] {nemo}   cost tartget .75ish
01[10:35] {&Threei}  anf their coffee is crap
[10:35] {Les} and now they get a big lawsuit to boot
[10:35] {RonS} it's tea...
[10:36] {_fish_49} u don't like starbucks coffee?
01[10:36] {&Threei}  not at all
[10:36] {_fish_49} same here
[10:36] {nemo} I hate starbucks
01[10:36] {&Threei}  burnt, shallow taste
[10:36] {_fish_49} Among my friends I'm the odd man out
[10:36] {Will49} too strong for me
[10:36] {nemo} no alcohol in their coffee
01[10:37] {&Threei}  then you don't want mine, Will :)
[10:37] {_epach} gdx 1:1
[10:37] {Will49} probably not
[10:37] {_epach} ty
01[10:37] {&Threei}  ese takes it intravenously
[10:37] {Will49} lol
01[10:37] {&Threei}  half out GDX
[10:37] {_epach} me too
[10:37] {_fish_49} all out
[10:37] {_fish_49} thanks vad
01[10:38] {&Threei}  :)
[10:39] {nemo} VMW within .10 of inflection point
[10:39] {+cc_9} VMW dumping nonstop for 1 hour so far
[10:39] {nemo} well .20 now
[10:41] {+cc_9} Scaling in here, pullback over-done
[10:42] {Les} damn vmw moves fast
[10:46] {RonS} bbry .40 break?
01[10:47] {&Threei}  not sure
[10:47] {ese} L kors .44
[10:47] {RonS} 33% float short...
[10:47] {nemo} 72 target vmw
[10:48] {+cc_9} stuck in the .40s need some mid .40 bids
[10:48] {ese} sorry not paying attention...taking what intravennously?
[10:49] {_fish_49} starbucks
[10:49] {Will49} the stuff you were selling at the loft
[10:49] {+cc_9} here we go nemo
[10:49] {_fish_49} yea  who set bail?
[10:50] {Will49} just kidding.....for the record, ese not involved with the loft
[10:50] {ese} ahhhhhhh......yes i do take coffee intravenously
[10:50] {nemo} Gruess Gott Herrn K
[10:50] {Les} tza ran straight past my .02 bid
[10:50] {~KSystems} morning my friends, and nemo :)
[10:50] {+cc_9} scaling out VMW here
[10:50] {+cc_9} all the way to .80s
[10:50] {nemo} I'd run away from you too Les
[10:51] {Les} scalp only. everything stalling
[10:51] {Will49} ese if the Vic PD suddenly appears at your door, call me
[10:51] {ese} lol
[10:52] {stevw} FCX looks long on a .45 break, no?
[10:53] {nemo} x looks good long here at .45
01[10:53] {&Threei}  ks :)
01[10:54] {&Threei}  hard to tell stev... not that much drive in the market to support this kind of breaks
[10:56] {stevw} i'm in to put my money where my mouth is, but i'll be very respectful of a .35 stop or even less if no quick price action
[10:56] {stevw} action like that, which lets's me now move my stop nicely up
[10:59] {ese} gotta go for a few minutes.........kids to school.....cya in abit
[10:59] {Will49} make sure your ankle bracelet is on
01[11:00] {&Threei}  lol
[11:00] {RonS} bbry 1:1
[11:01] {_epach} L gdx .85
[11:01] {_epach} ?
01[11:01] {&Threei}  well... yes
01[11:01] {&Threei}  lol
[11:01] {_epach} 1:!
[11:01] {_epach} 1:1
[11:01] {_epach} ty
[11:02] {Les} nice setup GDX
01[11:03] {&Threei} Short Setup: SLW  .30 break
01[11:03] {&Threei}  If holds  .35
01[11:04] {&Threei}  Invalidated
[11:06] {_epach} FB rebound
[11:06] {_epach} ?
[11:06] {_epach} sorry, i mean break
01[11:07] {&Threei}  no clear setup
[11:07] {dino} .
[11:07] {Will49} we know you're still there dino
[11:09] {dino} just got back, appt at 9:30, never saw me until 10:30.
[11:10] {_epach} FB 1:1
[11:10] {Will49} thought you were just trying to attract attention
[11:10] {dino} no, dr. appt
[11:10] {dino} miss much?
[11:11] {Will49} yeah...
[11:11] {Will49} great start for us newbies
[11:11] {jdetente} nice and smooth morning. all winners
[11:11] {Will49} you and cipher likely bored though
[11:11] {_epach} i wass too much agresive in fb, i was too much lucky
[11:12] {Will49} in fact cipher is mia
[11:12] {Will49} epach...you sound German :)
[11:12] {_epach} spanish
[11:13] {Will49} hola
[11:13] {_epach} hola, lol
01[11:13] {&Threei}  Europe is reprsented well today
[11:13] {Will49} one of my daughters is married to a Peruvian
01[11:13] {&Threei}  Spain, Germany, Switzerland
[11:13] {Will49} that's all the Spanish i know:)
[11:14] {Will49} Les isn't allowed to represent Switzerland, is he?
[11:14] {RonS} miss Fernando here...
[11:15] {_epach} Nice person Fern
[11:16] {Will49} so, who's in Germany?
[11:16] {_epach} sorry beause my english is not good enough
01[11:17] {&Threei}  KS
[11:17] {Will49} ahh
[11:17] {RonS} better than most in U.S....
[11:17] {Will49} ooops
[11:17] {Les} well you want me to represent canada will?
[11:17] {Will49} not on your like
[11:17] {Will49} life
[11:17] {_epach} FB break again
[11:18] {stevw} something of a h&s in LVS
[11:18] {_epach} it is very strong vs qqq
[11:18] {RonS} funny, on FB the response would be "not on you like"...
[11:18] {RonS} your
[11:18] {Will49} they didn't get you eh ese?
[11:19] {Will49} lol ron
[11:19] {_epach} no
[11:19] {_fish_49} did anyone let ese in on the joke?
[11:19] {Will49} he wouldn't get it anyway
[11:19] {nemo} thought he was the joke?
[11:19] {_epach} i am overtrading today, because i feel very confortable with you all
[11:19] {RonS} just thinking that Will...lol
[11:20] {Will49} epach needs a hug
[11:20] {nemo} you need professional help then
[11:20] {_epach} hug?
[11:20] {nemo} I was thinking choke hold
01[11:21] {&Threei}  with nemo around, don't get too comfortable epach... :)
[11:21] {_epach} rolfffff
[11:21] {nemo} thus epach Zarathurstra
[11:21] {nemo} oops
[11:22] {RonS} epaching heat?
[11:22] {Will49} epach=patch to keep you off the internet
01[11:23] {&Threei}  and these people made fun of my sense of humor?
[11:23] {nemo} what's your mother tongue epach?
[11:23] {Will49} skin patch
[11:23] {Will49} :( nobody gets it
[11:23] {_epach} My mother tongo is spanish, of course
[11:24] {nemo} of course we do, your sense of humor rates up there with Les
[11:24] {_epach} tongue
[11:24] {nemo} ahhh of course
01[11:24] {&Threei}  or, as little johnny said looking in the keyhole of a parents' bedroom door... "and these people forbid me to pick my nose?/"
[11:24] {_fish_49} lol
[11:24] {Will49} oh gawd, think i;ll slit my wrists
[11:24] {nemo} VMW below S3
[11:24] {_epach} lol
[11:24] {nemo} promisses Will
[11:24] {Will49} :)
[11:25] {nemo} VMW about to enter the black hole if it drops 70
[11:25] {nemo} you going long here 0 of 9?
[11:26] {Les} u insulting charles?
[11:27] {_epach} it doesn't sound clear, from my point of view
[11:28] {_epach} when spy go down, i will response you better, jejeje
[11:28] {nemo} 9 isn't charles
[11:29] {nemo} volume in vmw
[11:30] {nemo} indices bull flags
[11:30] {_epach} could be short as soon as spy comes back
[11:30] {_epach} ?
01[11:35] {&Threei} Long Setup:  MCD  .60 break hl
01[11:35] {&Threei}  If holds  .50
[11:36] {nemo} mmmm  VMW going out of business?
[11:38] {RonS} maybe thinking emc going to sell vmw interest to finance their $5 bil buyback?
[11:39] {thomcbell} long setup splk 45.08 break
[11:41] {thomcbell} got tiny splk fill
[11:41] {thomcbell} bidding 45.10
01[11:43] {&Threei}  MCF is valid again
01[11:43] {&Threei}  MCD
[11:43] {_fish_49} in
[11:43] {_epach} sounds very good
[11:46] {_fish_49} yikes
[11:46] {_fish_49} no Big mac for lunch today
01[11:46] {&Threei}  no go
[11:46] {jdetente} McFish sandwich instead
[11:46] {_fish_49} lol
01[11:46] {&Threei}  interactive maps to help you find Victoria's roaming food trucks
01[11:46] {&Threei}  people are THAT hungry??
[11:46] {nemo} vmw .80 level looks interesting long here
[11:47] {jdetente} Hipster Foodies are serious about their eats Vad
[11:47] {_fish_49} those trucks popular there  Vad?
01[11:48] {&Threei}  I didn't think so but apparently I am not in touch
[11:48] {Will49} they're fairly new Vad
[11:49] {Will49} gotta feed the homeless, you know
[11:49] {Will49} wouldn't want to force them to get off thier butts and go find food themselves
01[11:49] {&Threei}  http://www.timescolonist.com/food-truck-trend-pulls-into-victoria-1.307171
[11:50] {RonS} vmw 1ok offer at .94
[11:50] {RonS} 10k
[11:51] {RonS} taken
[11:51] {nemo} yeah, then it bolted
[11:52] {_epach} wow vmw
01[11:52] {&Threei}  MCD rinse
01[11:52] {&Threei}  dirty rotten scoundrel
[11:52] {nemo} Ya lo creo!
[11:53] {nemo} probably .80 first stop
[11:54] {stevw} i could be full of it, but .50 seemed liked an obvious counter move (rinse), so i stayed in (kept my stop at .45)
[11:54] {ese} out kors light .97 +.43
[11:54] {nemo} being "full of it" is a prerequisite for this room
[11:54] {nemo} except for Les
[11:54] {Will49} ese...wowzer
[11:54] {nemo} he's a vacuum
[11:54] {stevw} cool, i fit right in
[11:54] {ese} tks
[11:55] {nemo} I haven't reached a conclusion noob!
[11:55] {ese} 1k worth......nice work if you can get it
[11:55] {thomcbell} nice stop on splk jesus
[11:56] {stevw} am i the only one that LVS chart is making itchy?
[11:56] {Les} had a crack at vmw on paper
[11:56] {Les} was curious of cc9's scaling in
[11:56] {stevw} or maybe nemo gave me Lyme disease
[11:56] {nemo} great, now we get to hear about his toiletry habits
[11:56] {Les} but db works better for me
[11:56] {Les} 1st bottom .60
[11:56] {Will49} nemo lol
[11:56] {Les} 2nd .65
[11:57] {nemo} expecting fas to get to .50ish, and spy to test the highs
[11:58] {dino} tol sm l .15
[12:00] {_fish_49} {--- Needs food  be back later
[12:02] {stevw} half out of FCX at 2.5:1 (patience is a virtue they say)
[12:02] {Les} big vol iwm topping candle
[12:03] {dino} gj stev
[12:03] {stevw} ty
[12:04] {stevw} crap, gotta spend less time patting myself on the back and more time shorting LVS
[12:04] {Les} JPM top
[12:06] {thomcbell} splk long setup 44.58 break if holding 44.50
[12:08] {thomcbell} ok long small splk
[12:08] {thomcbell} 1:4 target
[12:11] {Les} JPM potential DT
[12:13] {stevw} vad, you're itching to short GDX again, aren't you
[12:14] {Les} JPM gaining momentum
[12:15] {stevw} all out of FCX after moving my stop to .60 - slow, but decent play
[12:15] {Les} gj
01[12:15] {&Threei}  well, not really
[12:16] {stevw} too sleepy - the volume that is?
01[12:16] {&Threei}  don't feel drive in the market
01[12:16] {&Threei}  too random
[12:16] {Les} JPM .70 breakdown?
[12:16] {Les} holding .76?
01[12:17] {&Threei}  ummm... no :)
[12:17] {Les} :S
[12:17] {Les} fas can't get a leg up
[12:18] {Les} c .45 short?
[12:18] {Les} holding .50?
01[12:18] {&Threei}  why not .50 long?
01[12:18] {&Threei}  feels much more natural for this chart
[12:19] {Les} k
[12:19] {stevw} ask me how i feel about being microseconds late with my .05 bid around 11:25
[12:20] {stevw} correction, 10:40 on first real break
[12:20] {RonS} nemo is the feelings expert...
[12:22] {RonS} btu drop on Icahn rumors denied...
[12:23] {Les} scalped jpm short gotta run
[12:27] {RonS} dino...suffering digit depression?
[12:28] {RonS} ...been kinda quiet...
[12:29] {thomcbell} splk 1:3
[12:30] {stevw} nice
[12:32] {stevw} TNA making a nice move
[12:35] {stevw} no follow-thru though; apparently all finger are on napkins, not keyboards
[12:35] {_epach} NTAP bd .84
[12:35] {thomcbell} out splk + 0.45
[12:36] {RonS} gj
01[12:36] {&Threei}  wtg
[12:37] {thomcbell} tu
[12:38] {dino} gjh
[12:38] {dino} gj
[12:39] {_epach} GDX triangle asc, b.o. .93?
01[12:39] {&Threei}  I doubt it
01[12:39] {&Threei}  too narrow and slow
[12:40] {_epach} ok
[12:42] {_epach} ty
[12:44] {stevw} this MCD trade is sitting in my stomach like a Big Mac
[12:45] {dino} i know that feeling
[12:47] {nemo} tck in bounce area
[12:49] {nemo} http://bit.ly/15f3nFn
[12:50] {nemo} kors interesting level coming
[12:50] {_fish_49} ur tough Nemo Tode
[12:50] {RonS} your dominatrix?
[12:50] {nemo} nah, everybody rides bitch with me
[12:51] {RonS} ooof
[12:54] {thomcbell} long setup kors 66 break
[12:54] {thomcbell} if holding 65.90 i suppose - pattern not ideal
[12:54] {nemo} yeah arguably, justtough time of day for it
[12:56] {stevw} les, C looks like it is becoming more interesting as a short perhaps
[12:56] {RonS} idxx acting like it wants $80 break today...
[12:58] {dino} was just looking at that
[12:59] {stevw} BBRY looking long; good on the monthly chart too, i think
[12:59] {stevw} i'm taking it as a swing trade
[13:00] {dino} sm l .75
[13:00] {thomcbell} kors nope
[13:00] {dino} idxx
[13:06] {dino} out idxx .15, +.40, ty ron
[13:07] {stevw} taking the tums on that MCD trade
[13:07] {RonS} np
01[13:08] {&Threei}  you serious stev?
[13:08] {stevw} yeah - dumb?
01[13:09] {&Threei}  I just don't know why you'd remember it for than 30 seconds after it was over
01[13:09] {&Threei}  for more than
[13:09] {Les} short C
[13:09] {stevw} i stuck in til now
[13:09] {Les} give it a try for .05 of risk
01[13:10] {&Threei}  this starts looking like one night stand turning into "till death do us part" :)
[13:11] {_fish_49} Stevw  do ou mean you were traing in and out of the range?
[13:12] {dino} stevw, as jesses livermore said, "a loss never bothers me after i take it"
[13:12] {stevw} no, i didn't maintain the .50 stop, i tolerated to .45 initially, then sold just now at .47
[13:12] {_fish_49} ahhhh
[13:12] {nemo} pheww...had to go get some vodka
[13:13] {nemo} well tck behaved as expected, but look at that chart jump
[13:13] {dino} lol nemo, but i can relate, had to hit the state storelast saturday
[13:13] {stevw} i was trying to not get shaken out by a rinse, but wound up sitting with indigestion for hours
[13:13] {jdetente} didn't it hit 1:1 at some point?
[13:14] {jdetente} I stopped watching it
[13:14] {stevw} which one jd?
[13:14] {nemo} so my 80 year old father with bad lungs who likes to garden:  I tell him last night, get up early and get out there before the heat...whaddya' think he does?
[13:15] {_fish_49} I hope not
[13:15] {RonS} shoots bunny?
[13:15] {_fish_49} Air Quality alert most of north east
[13:15] {nemo} well, that's another story, he and bunny are not on the best of terms
[13:15] {nemo} she's decided under his bed is her hutch
[13:15] {stevw} switching off the MCD chart now - it's just annoying, not helpful
[13:16] {nemo} pretty funny watching an 80 year old man holding an oxygen bottle trying to shake a rabbit off his leg
[13:16] {ese} taken my 400.00 bucks and callin it a day cya tomorrow
[13:16] {nemo} anyway, he heads out to the garden about 11:30 sheesh
[13:16] {_epach} take care and thanks Vad and company. see you.
[13:17] {RonS} stev:  T-shirt material...I've been MACD 'ed...
[13:17] {stevw} some sort of puke graphic on it?
01[13:17] {&Threei}  take care epach
01[13:18] {&Threei}  that's right thing to do stev
01[13:18] {&Threei}  no treade worth aggravation
01[13:18] {&Threei}  they are like buses, come and go
[13:18] {stevw} exactly
01[13:18] {&Threei}  the only thing that matters os whether you handled it right
01[13:18] {&Threei}  if not, make it a lesson
01[13:19] {&Threei}  remember it and use it next time
[13:19] {_fish_49} don't look MCD now  Stew
[13:19] {nemo} more like women
01[13:19] {&Threei}  if you did everything right, and still it didn't wrk - so what, that's what "market is uncertain environment" means
[13:19] {nemo} like women
01[13:19] {&Threei}  not every trade will work
[13:19] {stevw} i had several opportunities for minor loss or minor gain, and ultimately took a digestible loss - i'm ok with the decisions
[13:21] {stevw} i'm 3 really good trades vs 2 moderately bad ones today so far, so that's ok
[13:21] {Les} c stopped -.05
[13:22] {Les} risks exploding to upside here
[13:22] {stevw} yeah les, i'd be concerned about the upside at this point
[13:22] {nemo} with Les, there is no upside
[13:23] {Les} hehehe
[13:23] {Les} not that you'll ever find it with that disposition
[13:23] {nemo} even if I had an electron microscope
[13:23] {stevw} i know i keep flip-flopping on C, but it now looks like there's been a couple hours of accumulation
[13:24] {jdetente} alright guys. Have an appointment. See you all tomorrow...
[13:24] {Les} cheers jd
[13:24] {nemo} obgyn?
[13:24] {jdetente} lol
[13:24] {jdetente} classic nemo
[13:24] {_fish_49} Good Day JD
[13:24] {Will49} bye jd
[13:24] {nemo} btw...rht 47.70 reshort territory
01[13:24] {&Threei}  take care jd
[13:25] {Les} looking at WFC JPM FAS
[13:25] {Les} chances are .50 is the top for C
[13:26] {Les} but will wait for some weakness to creep in
[13:26] {nemo} The great state of MA, becoming a scandal here:  http://bit.ly/1157dMn
[13:27] {Les} dept. terrorist assistance?
[13:27] {Les} what is that?
[13:28] {nemo} He's a columnist, it's actually Department of Transitional Assistance=Welfare
[13:28] {_fish_49} Obama Assistance
[13:28] {nemo} It's state level
[13:29] {Les} k
[13:29] {_fish_49} Who is your governor?
[13:29] {_fish_49} Dem?
[13:29] {Les} FAS dropping
[13:29] {nemo} we just found out, they send out these cash cards to about 1000 dead people every month.  People use them in Florida, California, the Caribbean
[13:29] {nemo} Deval Patrick, Obamabuddy
[13:29] {Les} sorry wrong chart.
[13:30] {nemo} used to work with Jessie Jackson
[13:30] {nemo} race lawyer by trade
[13:30] {Will49} yikes nemo....that's terrible
[13:30] {nemo} That's Massachusetts
[13:30] {Will49} the fraud
[13:30] {nemo} Democrats are trying to sweep it under the rug
[13:31] {_fish_49} right next to the IRS scandal
[13:32] {nemo} Tocqueville and bureaucracy
[13:32] {Will49} is any leader anywhere ever going to stand up and publically call bullshit?
[13:32] {nemo} See where the head of the IRS has visited over 100 times during the Obama presidency, only once in 8 years of George Bush
[13:33] {nemo} Of course not Will
[13:33] {Will49} man, am i ever naive
01[13:35] {&Threei}  of all the scandals of late, IRS thing hits the home the closest for me
[13:35] {Will49} IRS=KGB
01[13:35] {&Threei}  absolute copy of the methods of slaughtering your political opponents or business competitors on xUSSR
01[13:36] {&Threei}  thing that I thought I'd never see again
01[13:36] {&Threei}  SLW
[13:36] {nemo} they are arguably the most powerful bureaucracy
01[13:36] {&Threei}  wtf
[13:36] {Les} wow
01[13:36] {&Threei}  oh
[13:36] {nemo} KORS again
01[13:36] {&Threei}  ABX news
01[13:37] {&Threei}  Barrick Gold Corp Chile Govt official indicates that a restart of the Pascua-Lama project could potential require 1-2 years - financial press- Reminder: on 5/24 SLW and ABX confirmed reviewing a resolution that it has received on the Pascua-Lama project by Chile's Superintendent of the Environment (Superintendencia del Medio Ambiente or "SMA"). The SMA required Barrick to complete Pascua-Lama's water management system in accordance with the project's environmental permit before resuming construction activities in Chile and has levied a $16 million fine against Barrick
[13:37] {stevw} GDX copying SLW, but GLD stable
[13:38] {nemo} ABX is a one off
01[13:39] {&Threei}  maybe because I almost found myself once on a receiving end of this method of competition, and can identify
[13:40] {_fish_49} glad ur still here  Vad
[13:40] {_fish_49} lol
01[13:40] {&Threei}  me too
[13:40] {_fish_49} The IRS thing makes my blood boil
[13:40] {_fish_49} who the F  gave them that kind of power?
01[13:41] {&Threei}  you don't want to have 6th department of KGB on your a$$, especially when they simply follow the order "sunk that guy"
[13:41] {_fish_49} what bothers me most is that you only see coverage on FOX news  The liberals  seem to be ok with it
[13:41] {_fish_49} yea  u never know what their sinking about
[13:41] {nemo} because they're hunting conservatives
[13:42] {nemo} liberals are big government, IRS enforces big government, kinda' aligned, wouldn't you say
[13:42] {Will49} i would
[13:45] {nemo} the nature of power is to grow and centralize
[13:45] {Les} sm long tza
[13:45] {Les} .81 holding .75
[13:45] {Les} potential spy triple top?
01[13:46] {&Threei}  how do you tell that from breakout?
[13:46] {Les} 3 min chart
01[13:46] {&Threei}  ?
[13:47] {nemo} don't think we're quite there yet Les
[13:47] {nemo} but I can see your point
[13:47] {nemo} Gawd I hate saying that
[13:47] {_fish_49} Nemo does have a soft side
[13:48] {Les} stop flat. agreed not quite there
[13:48] {Les} 99 the IWM magnet
[13:49] {_fish_49} Les when u were suggesting triple top  were you looking at a 60 minute chart?  what interval?
[13:50] {nemo} 3 minute
01[13:50] {&Threei}  OK, I don't get it... enlighten me please
01[13:50] {&Threei}  you are talking about potential... so, is it potential 3-top or potential break?
01[13:50] {&Threei}  how dfo you tell, when volume is not there for either
[13:51] {nemo} he's looking for it short
[13:51] {nemo} I think it is setting up here, but you could play it to the bottom of the channel
[13:51] {nemo} Having said that, it has been a grind up day, so you would have to see some volume come in to make me think we might be topping for the day
[13:52] {nemo} I see average volume
[13:52] {nemo} We must remember, Les likes to fight trends
01[13:52] {&Threei}  I see innoncent pixels murdered mercilessly
[13:52] {nemo} nobody is innocent Vad
[13:53] {nemo} That's why we're here
01[13:53] {&Threei}  no?
01[13:53] {&Threei}  ok...
01[13:53] {&Threei}  {--- feeling better about stomping on flowers, making scary faces at babies and other unseemly deeds
[13:54] {nemo} SPY likely going to .58
[13:58] {nemo} now les
[13:59] {stevw} C and MCD are winning a popular contest of mildest ride this afternoon
[13:59] {Les} nah trend line holds on IWM
[13:59] {nemo} yeah, guess I'll stick with .58
01[13:59] {&Threei}  LOL: Stalking is when two people go for a long romantic walk together, but only one of them knows about it.
[13:59] {Les} hehehe
[13:59] {Will49} lol
[13:59] {Les} that is so un-pc
[14:00] {nemo} LUV IT!!!
01[14:00] {&Threei}  reminds me another faborite of mine:
[14:00] {nemo} Can't rape the willing?
01[14:00] {&Threei}  When I bring you coffee to bed, all I expect is a simply Thank you, not all this "how did you get in my house" business
[14:01] {stevw} lol
[14:01] {Will49} hahaha
[14:01] {Les} lol
[14:01] {_fish_49} lol
[14:01] {_fish_49} lol
[14:01] {stevw} what do you call it when you take someone on a romantic car ride, but only one of them knows about it?
[14:01] {Will49} kidnapping?
[14:01] {_fish_49} crazy?
[14:02] {nemo} Shall we start with the Sheriff Bubba jokes?
[14:02] {stevw} i don't have a punchline, i was hoping vad had more depth to his joke collection
01[14:02] {&Threei}  or Burma Shave
01[14:02] {&Threei}  here comes SPY breakout
01[14:02] {&Threei}  for you trend fighters
[14:03] {Will49} you Hamilton guys stev!
[14:03] {stevw} halfway to smart
[14:03] {Will49} that's why i moved out....Hamilton was bereft of punchlines:)
[14:03] {Les} hmmm .50 spy top?
01[14:03] {&Threei}  lol will
[14:03] {stevw} others would say it is a punchline
01[14:03] {&Threei}  Les... come on
01[14:04] {&Threei}  what's wiht guessing
[14:04] {Les} not guessing, waiting for trendline break
[14:04] {nemo} if you believe in the Bell Curve 84% of the people have average or less intelligence...I'd say there is widespread evidence to support it
[14:04] {Will49} hey dp....les is really risking the boss's ire isnt he?
[14:04] {nemo} SPY new high
01[14:06] {&Threei}  don't throw these arbitrary numbers as possible top... think in terms of setup forming:
[14:06] {nemo} ok short signal
[14:06] {_fish_49} .74 and it will reverse
[14:06] {nemo} just not sure how far it goes
[14:06] {_fish_49} lol
01[14:06] {&Threei}  .50 touched, pullback, bounce,
[14:06] {Les} very nice
01[14:06] {&Threei}  now if it doesn't break .50, turns back down and breaks low of the pullback - we have short setup
01[14:07] {&Threei}  if it just drops with no setup, there iks no trade to be had
[14:07] {Les} agreed
01[14:07] {&Threei}  not every move can be read and traded
[14:07] {stevw} inverse c&h on LVS
01[14:07] {&Threei}  some come with no discernable setup
[14:08] {stevw} double inverse c&h actually - a big one and a small one
[14:08] {nemo} fas should bounce .50 spy at .30 and iwm at .80, then we'll find out if it's real
[14:09] {nemo} if these levels drop, we probably go to vwaps
[14:10] {Will49} so, if it doesn't go up it goes down and if doesn't go down it goes sideways...I get it now
[14:11] {nemo} I'll leave that setup alone
[14:11] {nemo} wow, taking every ounce of restraint I have
[14:12] {Will49} why, les hasn't said a word for a while
[14:12] {nemo} these levels drop, iwm to .72ish spy to test 166ish and FAS to test 70ish area
[14:12] {Les} testing 1 2 3 for Will
[14:12] {Will49} present!
[14:12] {RonS} Les eating dinner, goofing w/ kids or gone to bed...
[14:13] {Will49} down on his hands and knees looking for meds
[14:13] {_fish_49} lol  WIll
[14:14] {_fish_49} sorry Less Will made me do it
[14:14] {Will49} there you go again fish
[14:14] {Les} Less Will is better
[14:14] {nemo} mmmhhh, almost long off these levels
[14:14] {Les} looking for a retest
[14:15] {Will49} retest this!
[14:15] {_fish_49} are we still talking about spy?
[14:15] {nemo} spy iwm and fas
[14:15] {nemo} remember how Les said I was so boring because I watch them all day?
[14:16] {_fish_49} I agree with Les on this one
[14:16] {Les} you are boring nemo
[14:16] {nemo} that's why I said this level was important
[14:16] {Les} no need for excuses
[14:17] {nemo} gonna' be funny if I get over there and dance with you in your pretty pajamas
[14:17] {Les} :)
[14:17] {_fish_49} call me crazy but if u see one  u see all 3
[14:17] {nemo} not quite fish
[14:17] {stevw} c&h in SLW
[14:17] {nemo} SPY and FAS have been tied to the hip of late, but IWM is a bit different
[14:18] {_fish_49} IWM lagging the other two?
[14:18] {nemo} eh, it just behaves a little diferently
[14:20] {Les} let it be struck on the record that someone in the room agrees with me
[14:20] {nemo} they will regret that
[14:25] {Les} guess the Germans won the war after all
[14:25] {Les} http://www.spiegel.de/fotostrecke/photo-gallery-crystal-meth-s-german-roots-fotostrecke-97108.html
[14:25] {Les} gave the world crystal meth
[14:26] {nemo} and LSD
[14:26] {Les} as a war wonder pill
[14:28] {Les} big cup and handle spy .45
[14:29] {_fish_49} where is the handle?
[14:29] {Les} pull out to 3 min
[14:29] {Les} easier to see
[14:29] {Les} whether its got any legs...?
[14:29] {_fish_49} I see on a 3 min  but don't see the handle  seen the breakout and now pulling back to test
[14:30] {Les} could've taken an aggressive long on this pullback from .50
[14:30] {Les} that leads into the handles
[14:30] {_fish_49} correct
[14:31] {Les} iwm 99
[14:31] {dino} tol to .45, all afternooner
[14:31] {nemo} so far this looks like the top
[14:32] {dino} slow afternoon
[14:32] {dino} out tol, +.30
[14:33] {Les} gj remember your entry .15
[14:33] {Les} didn't see anything in it
[14:33] {Les} trend is clearer now
[14:33] {Les} guess that's why you're out +.30 and I'm gasbagging
[14:34] {dino} ty
[14:35] {Will49} the accused finally admits to gasbagging
[14:35] {Les} I got the legal version of that german meth
[14:35] {Les} long tza
[14:36] {Les} .77
[14:36] {Will49} gasbagging=more than ten entire per minute on the board
[14:36] {Will49} entires
[14:36] {Will49} entries
[14:36] {Will49} shheeesh
[14:36] {Les} you're doing pretty well yourself will
[14:36] {nemo} o.k important level for FAS here
[14:37] {Will49} yeah, trying to stay in the top ten
01[14:37] {&Threei}  .77?
01[14:37] {&Threei}  what kind of setup is that?
[14:37] {nemo} Crystal Meth setup
[14:38] {Les} hehehe
[14:38] {Les} break of .75
[14:38] {Les} holding .65
01[14:38] {&Threei}  ?
01[14:38] {&Threei}  those are numbers
01[14:38] {&Threei}  what is the setup?
[14:38] {dino} have to leave early. thx all. 2/2 not bad for few hours work
01[14:38] {&Threei}  take care dino, gj
[14:38] {Will49} peace dino
[14:38] {_fish_49} shhheeez  Les  Read vads  site
[14:39] {dino} thx
[14:39] {_fish_49} I just had to
[14:43] {Les} cup and handle 99 long
[14:59] {_fish_49} C fell out of the bed
01[14:59] {&Threei}  LOL: There is nothing like sitting naked in a beanbag chair eating Cheetos. Too bad they don't let me back in Walmart
[14:59] {Will49} lol
[15:00] {_fish_49} I will never eat Cheetos nakid  again.  I had nothing to wipe the orange stuff off my hands with
[15:01] {stevw} frickin LVS rinsed me
[15:03] {Will49} nice image fish :)
01[15:11] {&Threei} Long Setup:  TZA  .65 break
[15:14] {Alexs} triggered?
[15:15] {Alexs} stop?
01[15:16] {&Threei}  .55
[15:16] {Alexs} k
[15:20] {RonS} kick that thang...
[15:21] {nemo} watch out for the 3:30 buy program
01[15:21] {&Threei}  {Thang} 'scuse me?
[15:23] {_fish_49} im out here  thanks vad
01[15:23] {&Threei}  yw
01[15:23] {&Threei}  1:1
[15:24] {Les} ty sir half out
01[15:24] {&Threei}  so now I have to ask
[15:24] {Les} don't
01[15:24] {&Threei}  why "3:30 buy program" and not sell one?
[15:24] {Les} good, grill Nemo
01[15:24] {&Threei}  happily
[15:25] {Les} in the words of a gold bull, "leave me alone"
01[15:25] {&Threei}  rofl
01[15:25] {&Threei}  that was funny, wasn't it
[15:25] {Les} and my poor setups and doubling up on the drops
01[15:25] {&Threei}  how pathetic is that, to start a fight and then say "leave me alone"
[15:25] {Les} one day I'll obey the setups
[15:26] {nemo} no, just looking at the day which would be more aggravating....buy program
01[15:26] {&Threei}  doubling in? DOUBLE YIKES
[15:26] {Les} well no
[15:26] {Les} I ain't that dumb anymore
06[15:26] * &Threei is looking at will and nemo expectantly
[15:26] {nemo} can't fix stupid
01[15:26] {&Threei}  there
[15:26] {Les} box of chocolate sort o thing
[15:26] {Will49} beat me to it
[15:29] {Les} another quarter .83
[15:29] {Will49} out 1:2 tks Vad
[15:29] {Les} all out ty gotta run
01[15:29] {&Threei}  yw
[15:30] {Will49} see ya Les
[15:31] {_fish_49} good night Les
[15:31] {Will49} sleep tight :)
[15:32] {Les} yeh ciao a domani
[15:34] {Will49} that's it for me...great day Vad :)
01[15:37] {&Threei}  :)
[15:40] {stevw} out my last third of TZA, thanks vad!
01[15:41] {&Threei}  yw
01[15:41] {&Threei}  Ok guys, let's call it a day
01[15:41] {&Threei}  thank you all
01[15:41] {&Threei}  have a great evening
01[15:41] {&Threei}  see you tomorrow
[15:41] {stevw} you too, ttfn
[15:41] {Alexs} ty great day Vad
01[15:41] {&Threei}  :)
[15:44] {_fish_49} thanks vad
[15:44] {_fish_49} good night
01[15:44] {&Threei}  you too