Session Time: Wed Jun 05 00:00:00 2013
[09:02] {dptl} gm
01[09:03] {&Threei} morning dp
[09:04] {ese} goodbye have agreat day....and.......good morning.............can't remember if I said goodbye yesterday or not
01[09:04] {&Threei} it's so complicated...
[09:06] {ese} indeed
[09:06] {backman} gm...he's just making things "e-z" for all....
01[09:06] {&Threei} bman :)
[09:06] {ese} bman
[09:09] {dino} gm
[09:10] {stevw} g'mornin
01[09:10] {&Threei} dino, stev :)
[09:15] {RonS} howdy y'all
01[09:15] {&Threei} ron :)
[09:16] {thomcbell} gm
[09:17] {Will49} gm
[09:18] {RonS} need to remember...beige book at noon edt
[09:18] {Alexs} gm
[09:18] {jdetente} Good morning gang
01[09:19] {&Threei} tbell, will, alex, jd :)
[09:20] {Les} afternoon
01[09:21] {&Threei} les :)
[09:21] {stevw} hey there les, how're things in the eurozone so far today?
[09:21] {cipher} gm
01[09:22] {&Threei} cipher :)
[09:22] {_epach} good morning
01[09:23] {&Threei} epach :)
[09:23] {Les} like I give a f&%ç for the eurozone stevw :)
[09:23] {Les} I live in switzerland dude
[09:24] {Les} and the sun is finally frikin here, so all is well
[09:24] {nemo} erudite and Les, two words that should never be used together
[09:24] {stevw} lol
[09:24] {RonS} dooode...aig pop...American International Group Inc (AIG:$44.10,00$-0.65,00-1.45%) said Tuesday a proposed $8.5 billion settlement between Bank of America Corp BAC.N and investors of Countrywide Financial Corp mortgage-backed securities was not big enough.
[09:24] {Les} yeh kettle calling pot black
[09:25] {stevw} Les-udite?
[09:25] {Les} luddite
[09:26] {stevw} certainly no chance of interpreting nemo's comment as flattering
[09:26] {dino} watching for gap fills dhi, 22.37 area, tol 31.20 area
[09:26] {Les} god help me if that should be the case
[09:26] {Les} be looking over my shoulder at that point
[09:27] {stevw} hey nemo, big article in Hamilton newspaper about ticks on the rise
[09:27] {Les} a conspiracy? I THINK NOT!!
[09:27] {nemo} and scarcity of doxicyclene from Les article...bad news
[09:28] {Les} real scarcity or artificial scarcity?
[09:29] {nemo} scarcity...companies going out of the antibiotic business
01[09:30] {&Threei} Short Setup: SLW .90 break hl
01[09:31] {&Threei} If holds 24
01[09:31] {&Threei} Invalidated
01[09:32] {&Threei} Short Setup: GDX .90 break
01[09:32] {&Threei} cange to .95
01[09:32] {&Threei} If holds 30
01[09:39] {&Threei} no go
01[09:40] {&Threei} Long Setup: CAT .60 break hl
01[09:40] {&Threei} If holds .50
[09:41] {nemo} cat looks like a gap short
[09:42] {nemo} vad whaddya' think, two way?
[09:42] {nemo} look at gap in daily
01[09:42] {&Threei} I wouldn't
01[09:43] {&Threei} I see same thing I saw yesterday in it - a buyer protecting support
[09:43] {dino} dhi sm l .80
01[09:43] {&Threei} and very very determined
01[09:43] {&Threei} 1:1
[09:44] {dino} shfl sm l .59
01[09:45] {&Threei} Long Setup: GDX .05 break
01[09:45] {&Threei} If holds .95
[09:49] {_epach} gdx sounds like double top?
[09:50] {_epach} id doesn't hold .95
[09:51] {_epach} or is it consolidating too much time in the second top?
[09:51] {Les} half out ty
01[09:51] {&Threei} looks up to me
[09:51] {Les} sm. long tza .02
[09:51] {_epach} okç
[09:51] {_epach} wow
[09:51] {_epach} ty
[09:52] {Les} half out tza
01[09:52] {&Threei} Long Setup: LVS .20 break hl
[09:52] {Les} all out gdx .24 ty
01[09:52] {&Threei} yw
01[09:53] {&Threei} If holds .10
01[09:53] {&Threei} 1:1
01[09:53] {&Threei} Short Setup: GDX .20 break
01[09:53] {&Threei} If holds .25
[09:55] {dino} ddd sm l .25
[09:55] {Les} all out tza .19
[09:55] {Les} kaboom baby
01[09:57] {&Threei} Long Setup: LVS .10 break hl
[09:57] {_epach} gdx 1:1
[09:57] {_epach} ty
01[09:57] {&Threei} yw
01[09:57] {&Threei} If holds 58
01[09:58] {&Threei} (US) APR FACTORY ORDERS: 1.0% V 1.5%E
01[09:59] {&Threei} US) Apr Durable Goods Orders revised higher from +3.3% to 3.5%;
[09:59] {dino} ssys sm l .65
01[09:59] {&Threei} 1:1 LVS
[10:00] {dino} whippy
01[10:00] {&Threei} hectic morning, yeah
[10:00] {jdetente} GDX stopped
01[10:01] {&Threei} BlackBerry Hearing vague chatter that an activist investor could be seeking a stake in the company
01[10:01] {&Threei} Short Setup: LVS 58 break hl
01[10:01] {&Threei} If holds .10
[10:02] {dino} 07 green
[10:02] {dino} if they can't drop 'em, up they go
01[10:03] {&Threei} change to .10 break
01[10:03] {&Threei} If holds .20
01[10:07] {&Threei} if 58 is broken...
01[10:09] {&Threei} 1:1
01[10:09] {&Threei} 1:2
01[10:10] {&Threei} 1:3 close enough, out
[10:10] {dino} out shfl .63, +.04, won't move
01[10:10] {&Threei} 10:07] {&Threei} if 58 is broken,--- this happens
01[10:10] {&Threei} 1:4, grr
[10:10] {jdetente} 1:4 out
01[10:11] {&Threei} :)
[10:11] {jdetente} thanks Vad
01[10:11] {&Threei} yw
[10:11] {Les} didn't sell enough shares, but got 1:3 ty
01[10:11] {&Threei} clean example of fake support on level 2
[10:11] {Les} brain getting in the way of my balls
01[10:11] {&Threei} big bid by INET, withdrawn at first signs of selling
[10:11] {nemo} stand up, take the pressure of it
[10:12] {Les} lol
01[10:12] {&Threei} lol
[10:12] {Les} slw coming down
[10:12] {Les} gdx yet to follow
[10:13] {dino} drop them it is
[10:13] {jdetente} too soon LVS wowzas
[10:14] {Les} still a way to yesterdeays low
[10:14] {jdetente} yeah but that's quite the red bar
[10:14] {Les} GLD could be setting up big ass cup and handle
[10:16] {Les} what am i talking about, yesterdays low broken. buy the dip...
[10:16] {nemo} look for support levels
[10:16] {Les} was looking at GLD
[10:17] {Les} I was being facetious numnuts
[10:17] {jdetente} *numb
[10:17] {nemo} cat gave up the ghost
[10:18] {backman} polysyllabic today r we?
[10:18] {nemo} about whom do you speak?
[10:18] {nemo} or write, as the case may be...
[10:18] {backman} he who must not be named (although not u)
[10:19] {dino} ouyt dhi .76, -.04
[10:19] {stevw} tons of volume in C selloff
[10:19] {nemo} oh the australian academic
[10:19] {Les} nice one nemo
[10:19] {Les} short cat .38
[10:19] {nemo} now there's an oxymoron
[10:20] {dino} ddd sm l .10
01[10:23] {&Threei} Short Setup: JPM .50 break
01[10:24] {&Threei} If holds .60
[10:25] {jdetente} scalped some DDD thanks Dino
[10:27] {Les} not dropping today
[10:27] {Les} 2H CAT stop
[10:27] {Les} JPM stopped flat
01[10:28] {&Threei} wow, this is one jerky market
[10:29] {nemo} "Les" market
[10:30] {nemo} FAST interesting
01[10:31] {&Threei} stop to .56
[10:32] {Les} cat looking like great short
[10:32] {Les} big spike to nail shorts
01[10:33] {&Threei} out
[10:34] {Les} gonna leave it till after lunch vad
[10:34] {Les} got lunch money already
[10:39] {nemo} like jpm .50 break?
[10:42] {Les} it's got the 3 min bb support
[10:42] {Les} but do we go up or sideways...
[10:45] {dptl} WY .50 short?
[10:45] {stevw} short FB at .35
[10:45] {stevw} .30 a more definitive trigger, but call me agg
01[10:45] {&Threei} WY, yes
01[10:46] {&Threei} JPM... son of a motherless goat?
[10:46] {+cc_9} seesaw seesaw seesaw
[10:46] {+cc_9} is all i see
[10:47] {dptl} too fast missed
[10:50] {dino} ddd stop -.35
[10:50] {Les} vad what was your engineering specialty?
[10:50] {Les} or education in
01[10:51] {&Threei} construction
[10:51] {Les} ah then this may interest you
[10:51] {Les} http://tinyurl.com/ktmbd6r
[10:59] {Les} SPY lower low IWM potential DB
01[11:04] {&Threei} Latvia likely to join euro on Jan 1 2014
01[11:04] {&Threei} really?
01[11:04] {&Threei} boarding Titanic after it hit the iceberg
[11:05] {stevw} that's the way FB, go "friend" 23.00
01[11:05] {&Threei} :)
[11:06] {+cc_9} 162 stops nearing
[11:07] {Les} IWM holding near the 1st bottom
[11:07] {nemo} which is MPP
[11:07] {Les} cool ty
[11:09] {dino} dhi sm l .45 gap filled
[11:09] {+cc_9} that 11:07 1min SPY, 1.4M so far highest. to confirm intraday bounce need 162.20 bouce
[11:09] {Les} you mean holding at higher support cc?
[11:10] {Les} or needs to break .20?
[11:10] {+cc_9} 60min chart shows no support what so ever, this is all momo
[11:10] {dino} tna sm l .00 stop lod
[11:10] {+cc_9} need to crank 162.20 for slight reversal
[11:11] {Les} k
[11:11] {+cc_9} grabbed some SS 77.95 s/l 77.75 tgt 78.20/30
[11:12] {+cc_9} SSO* ^^
[11:12] {+cc_9} SPY vol weak on this pause
[11:13] {+cc_9} 162.20 on deck, needs to push now straight .20
[11:13] {Les} half out tna ty dino
[11:13] {Les} stop to b/e .04
[11:14] {dino} c sm l .20
[11:15] {Les} all out .24
[11:15] {+cc_9} SSO new stop @ cost, no risk now
[11:15] {dino} gj
[11:15] {Les} excellent stuff great commentary the pros
[11:16] {Les} saves me 2nd guessing the bottom every two minutes
01[11:16] {&Threei} Long Setup: TZA .70 break
01[11:16] {&Threei} If holds .60
[11:18] {Les} aggressive cup and handle?
01[11:18] {&Threei} yup
[11:18] {nemo} lvs looks short here
[11:19] {+cc_9} SPY possible short trap on this fake pullback, rips back faster
01[11:19] {&Threei} trail stop to .64
01[11:19] {&Threei} 1:1
[11:19] {dino} out tna flat, stupid, had a quarter
[11:21] {Les} putting in higher low here
[11:21] {+cc_9} There goes SPY, as expected, fake pullback, ripping now
01[11:22] {&Threei} Long Setup: IWM .90 break
01[11:22] {&Threei} If holds .80
01[11:23] {&Threei} change to .80 break
01[11:23] {&Threei} aggessive'
01[11:23] {&Threei} If holds .75
[11:24] {+cc_9} .30 bid SPY = bounce confirm
[11:24] {+cc_9} easy $0.20 from there
[11:25] {Les} weak
[11:27] {+cc_9} it will go
[11:27] {dino} out c .49, +.29
[11:28] {Les} sweet
01[11:28] {&Threei} sheesh
[11:28] {Les} potential inverted cupand handle
[11:30] {+cc_9} incline dumbell press setup with slight tricep pulldown handle cup formation imo
[11:30] {nemo} I thought it was the "Head in Ass" formation
[11:30] {Will49} that's why the market is weighing down on me:)
[11:30] {RonS} may be squat and dump formation...
[11:31] {nemo} we're getting bored
[11:31] {nemo} ctxs getting tempting on short side here
01[11:33] {&Threei} Short Setup: MCD .60 break
01[11:33] {&Threei} If holds .70
[11:34] {dino} alk sm l .11
01[11:36] {&Threei} sigh
[11:36] {dino} kmp drop
[11:37] {dino} sm l .83
[11:38] {dino} athn sm l .84
[11:38] {jdetente} so Vad...IWM would be a son of a motherless goat
01[11:39] {&Threei} 1 cent to 1:1
01[11:39] {&Threei} rinse
01[11:39] {&Threei} jump back
01[11:39] {&Threei} yup... fits the definition
[11:43] {dino} jnpr spike
[11:44] {dino} jnpr sm s .05
[11:44] {RonS} $JNPR chatter
[11:45] {dino} bstop is .35
[11:45] {dino} thx ron
[11:47] {RonS} "@FinancialJuice: Juniper $JNPR shares gain 4.0% in the past three minutes; co. currently presenting at BofA conference"
[11:47] {dino} out alk .41, +.30
[11:53] {dino} cov jnpr .12 -.07
[11:53] {+cc_9} cc_9 162.20 on deck, needs to push now straight .20
[11:54] {+cc_9} looks like it smacked 162.40 on the nose
[11:54] {+cc_9} good enough
01[11:56] {&Threei} no news... smackdown out of nowhere
[11:57] {+cc_9} all about setting targets and sticking with them
01[11:59] {&Threei} Long Setup: TZA 33 break
01[11:59] {&Threei} If holds .90
01[12:03] {&Threei} 1:1
[12:03] {stevw} cover half FB for 1:3
01[12:03] {&Threei} wtg
01[12:04] {&Threei} good one
[12:04] {stevw} further patience may be well rewarded methinks
01[12:05] {&Threei} add a moral satisfaction of shorting FB
01[12:05] {&Threei} one of my favs
[12:05] {stevw} indeed!
01[12:05] {&Threei} 1:2
[12:06] {nemo} volume spikes IWM and FAS
[12:07] {RonS} hearing no volume under 1610...poised for fast down w/ break of that
01[12:07] {&Threei} last 1/4 on a trail
01[12:08] {&Threei} anuone took TZA?
[12:08] {Les} sure took the scalp ty
[12:08] {dino} s/p -3% in 4 days
[12:08] {stevw} yes, and still in
[12:08] {Les} jumped and longed a little tna on the reverse side
[12:09] {dino} iep drop
[12:09] {jdetente} scalped TZA also. Thanks Vad
01[12:09] {&Threei} :)
[12:09] {RonS} Carl choke on a bagel?
[12:09] {dino} hci sm l .00
[12:10] {dino} iep sm l .52
[12:11] {RonS} alk drop
[12:12] {dino} afop drop
[12:12] {dino} out hci .35, +.35
[12:16] {dino} alk sm l .81
[12:20] {stevw} that's it FB, give it up
[12:20] {dino} jnpr s .50
[12:21] {dino} cov jnpr .39, +.11
[12:23] {dino} amwd sm l .90
[12:27] {Les} good entry JNPR took conventional .40/.50 approach 1:1
[12:27] {dino} tna l .78
[12:27] {Les} support .25
[12:29] {dino} stz spike
[12:29] {dino} sm s .90
[12:30] {Les} got a spare diaper for me dino stz
[12:30] {dino} too soon
[12:32] {dino} out amwd .25, +.35
[12:32] {nemo} http://www.myfoxny.com/story/22499104/breast-milk-lollipops
[12:32] {dino} yuk
[12:33] {stevw} damn, just tuned into WMT a couple minutes late
[12:33] {nemo} be fun doing the extraction though
[12:33] {dino} lol
[12:35] {dino} cov stz .52, +.38
01[12:35] {&Threei} MCD... SoMG
[12:36] {jdetente} nice acronym
[12:36] {jdetente} hehe
[12:36] {dino} tna stop -.13
[12:42] {dino} spy gap 159.83 area, fwiw
[12:47] {backman} C approaching day low
[12:50] {jdetente} this is quite an impressive hammering
[12:51] {dino} thats what she said
[12:51] {jdetente} boo yah
[12:51] {jdetente} lol
[12:54] {nemo} very good chance this is the bottom
[12:55] {Les} sm long tna .51 stop under .35
[12:56] {Les} looking at the same thing
[12:57] {nemo} scalp Les
[12:58] {Les} out flat
[12:58] {Les} can wait a little
[12:58] {Les} 15 min BD building
[12:58] {thomcbell} 1603 to 1598 is a massive support area
[12:59] {dino} gap area
[12:59] {nemo} yeah, gettin' scary
[12:59] {thomcbell} 50 day upward sloping - prior resistance - channel line and big round 1600 number
[13:00] {Les} missed that .50 recross
[13:00] {thomcbell} long splk 41.40
[13:02] {Les} trendline break was it
01[13:09] {&Threei} Nemo slogan of powerless resignation: "you can only say WTF so many times a day until you just decide to start drinking"
[13:11] {jdetente} start?
[13:11] {thomcbell} howls
[13:11] {jdetente} continue I would say
[13:11] {thomcbell} start continuing
01[13:11] {&Threei} continue starting
[13:11] {thomcbell} even better
01[13:12] {&Threei} lunch is the end of the beginning of drinking
[13:13] {dino} took awhile but out kmp .30, +.47
01[13:15] {&Threei} (US) Fed's Fisher: US housing market not yet in a bubble but has corrected enormously; reiterates would like to see the Fed slow its bond purchases- Seeing the markets currently starting to discount the possibility of tapering QE - Would be disruptive to markets to abruptly halt bond purchases - Congress is performing like a 'huge brake' on the economy
[13:15] {dino} gj splk tbell, out +.20, ty
[13:16] {thomcbell} my pleasure
[13:19] {stevw} covered the last half of FB for a little better than 1:3
[13:19] {stevw} would have liked to ride it down all day, but seems to be reversing now
[13:19] {Les} sm short .80 iwm
[13:20] {Les} potential DT
[13:21] {Les} stop -.01
[13:22] {Les} wanna see em ram this trhough vwap at .85 before dropping again
[13:29] {dptl} Vad , do you like P .50 long?
01[13:31] {&Threei} meh
[13:31] {dptl} k
[13:34] {Les} sm short here
[13:35] {dino} out alk .12, +.31
[13:35] {Les} .78 holding .88
01[13:35] {&Threei} Short Setup: GDX .70 break
[13:41] {Les} no go
01[13:42] {&Threei} change GDX to .75 break
01[13:42] {&Threei} If holds .80
[13:49] {dino} semg spike
[13:52] {stevw} thought my internet went down for a sec - nothing was moving
[13:55] {Les} k there was the left hook by IWM to catch idiots like me shorting below the vwap. got in again when I saw the play
[13:56] {Les} first touch at 13:10 was a lite jab hiding the KO
[13:56] {Les} will remember that
[13:57] {Les} one day at a time...
[13:57] {dino} hci drop
[13:57] {dino} sm l .47
[14:05] {Les} http://www.youtube.com/watch?v=-ngYAXJsZCk
[14:05] {Les} someone help me with American culture please
[14:05] {Les} are the authors taking the piss out of rednecks in this scene?
[14:06] {Les} has me rolling in laughter
01[14:08] {&Threei} 1:1
[14:09] {RonS} those guys make fun of anything and everyone they can think of...CO boys btw...
[14:09] {Les} CO?
[14:09] {Les} ah ok
[14:09] {Les} too many states to remember over your way
[14:09] {Les} ty vad partial
[14:10] {Will49} have to split early...good luck guys
[14:11] {RonS} ya, must be tough when you live in a country 1/20th the size of TX...and from auzzie land where there is what? 6-8 provinces or whatever
[14:12] {Les} yeh easy for dumb convicts to remember
[14:12] {RonS} lol
[14:19] {dptl} AGNC .55 short if stays under .60
01[14:19] {&Threei} loss of .60 should kill GDX
[14:24] {dptl} in AGNC
[14:36] {dino} tgp drop
[14:36] {dino} sm l .39
01[14:37] {&Threei} let's do it GDX
[14:38] {Les} nice inverse cup and handle
01[14:39] {&Threei} 1:2
[14:42] {Les} could be looking at head and shoulders for iwm
[14:42] {dptl} HALF OUT agnc
01[14:42] {&Threei} AGNC works
[14:43] {dptl} oops
[14:43] {dino} out tpg .79, +.40
[14:43] {+cc_9} http://img29.imageshack.us/img29/531/sson.jpg
[14:43] {Les} sm short jnpr
[14:43] {Les} .43 holding .50
[14:44] {+cc_9} SSO entry }}} http://img29.imageshack.us/img29/531/sson.jpg
[14:44] {+cc_9} 500 scale x 3, scaling out here
[14:45] {+cc_9} calling it a day, been decent.
[14:45] {Les} good call, saw the bottom too late
[14:46] {Les} hmmm jnpr looking more cup and handle
[14:46] {+cc_9} massive reversal, scaling has worked great past couple of days
[14:46] {dino} gj cc9
[14:46] {dino} ades drop
[14:47] {dino} ua drop
[14:48] {dino} sm l .60
[14:48] {dptl} all the way to 25 please AGNC
[14:49] {dino} out ua flat, too soon
[14:50] {dino} reload .40
[14:50] {RonS} UA down on guidance given at some investor day...hearing...
[14:52] {dino} ty
[14:52] {dptl} volume picked up AGNC....hmmm
[14:53] {dino} out ua .40/flat
[14:53] {dino} sm l .80
[14:54] {dino} out ua .13, +.33
[14:57] {Les} stop JNPR flat letting this go
01[14:58] {&Threei} last 1/4 GDX out on a trail
[15:05] {dptl} 1:2.5 AGNC so far
[15:07] {dptl} 1:2.9 lol
[15:07] {dptl} 1:3
[15:11] {dptl} ok i am all out....got to go ...see ya tomorrow all
01[15:12] {&Threei} take care dp, gj
[15:12] {Les} cheers
[15:20] {Les} iwm inverted cup and handle
[15:22] {Les} frikin algos know the setup. got half off in aggressive short
[15:24] {dino} cya dp, gj
[15:24] {nemo} shorts should start covering now
[15:26] {+cc_9} ok guys, nice day today, see you all tomorrow
[15:26] {+cc_9} for more bottom fishing :D
[15:26] {Les} cheers
[15:26] {Les} buy the f'in dip
[15:26] {nemo} probably get a bounce day tomorrow into the jobs number on friday
[15:27] {+cc_9} oh, don't forget, pomo day too nemo
[15:27] {dino} cya cc9
[15:27] {nemo} it's pomo almost every day, but how big the number on Friday?
[15:30] {nemo} http://www.newyorkfed.org/markets/tot_operation_schedule.html
[15:46] {dino} got lucky, blown stop, getting out of iep here ave .07, +.56
01[15:46] {&Threei} :)
[15:46] {stevw} ok, you know you're going to get smacked with something, don't you?
[15:46] {dino} had too many going at once for a bit
[15:47] {dino} out dhi .68, +.23
[15:50] {stevw} text book trade log today - 6 strong winners, 5 modest losers for an overall great day - i feel it was earned from following the rules
[15:50] {stevw} but it may also have been just one of those days
01[15:50] {&Threei} sounds right
[15:53] {dino} out hci .60, +.13
[15:56] {Les} outta here ty all
[15:56] {dino} calling it a day also
[15:56] {Les} a domani
[15:56] {dino} gj stevw
01[15:56] {&Threei} thank you all, very nice day
01[15:57] {&Threei} have a great evening, see you tomorrow
[15:57] {stevw} ty dino; i needed a good recovery after a bad start to the week! - mostly my fault, somewhat the way it goes sometimes
[15:59] {dino} we own them as we hit them stevw. accepting that is a big step in right directin. gj
[15:59] {dino} pay toasted afterhours
[16:00] {dino} gn
[16:00] {stevw} yes, i certainly take ownership - i just meant that sometimes the day goes against us despite
[16:00] {dino} understood buddy, gn
[16:00] {stevw} gn, have a good one
[16:00] {stevw} thanks vad - i'm really getting a lot out being here!!!
01[16:01] {&Threei} :)
