RealityTrader Trading Log

Monday, June 3, 2013

June 3 2013

Morning started well but the turned a bot sour as market resumed our least favorable environment, slow climb. A few rinses too many, then a few good trades including 1:3er trimmed the loss but still ended in red.

(Apologies for the garbled log, not sure what gives)

Session Time: Mon Jun 03 00:00:00 2013

[08:56]

01[09:00] <&Threei} can I do a comb thing without first two, and consider a day done?

[09:03]

01[09:03] <&Threei} coffee... only through the straw, I wouldn't be able to hold a cup yet

[09:03]

[09:04]

[09:05]

[09:06]

[09:07]

01[09:07] <&Threei} dp :)

[09:08]

01[09:08] <&Threei} les :)

[09:10]

[09:12]

[09:13]

01[09:13] <&Threei} dino :)

[09:13]

01[09:13] <&Threei} bman :)

[09:13]

[09:14]

01[09:15] <&Threei} yes dino... finished with 1:3er

[09:15]

01[09:16] <&Threei} alex :)

[09:16]

01[09:17] <&Threei} ron :)

[09:18]

01[09:18] <&Threei} will :)

[09:22]

[09:22] <_epach div="" morning="">

01[09:24] <&Threei} cipher, epach :)

[09:24]

01[09:24] <&Threei} jd :)

[09:24]

[09:30]

01[09:30] <&Threei} ese :)

01[09:31] <&Threei} Short Setup: GDX .75 break

01[09:32] <&Threei} If holds .85

[09:32]

01[09:32] <&Threei} Invalidated

[09:32]

01[09:33] <&Threei} Long Setup: C .90 break

01[09:33] <&Threei} If holds .84

[09:34]

01[09:34] <&Threei} 1:1

01[09:34] <&Threei} 1:2

[09:35]

[09:36]

01[09:36] <&Threei} yw

[09:36]

[09:37]

[09:38]

01[09:38] <&Threei} new rule: no words longer than 2 syllables on Mondays first 30 min

[09:38]

[09:39]

[09:40]

01[09:40] <&Threei} :)

[09:40]

[09:41]

01[09:44] <&Threei} Long Setup: JPM .50 break

01[09:44] <&Threei} If holds .40

01[09:46] <&Threei} no go

[09:46]

01[09:47] <&Threei} Long Setup: CAT 86 break hl

01[09:47] <&Threei} If holds .90

01[09:48] <&Threei} JOM rinse

[09:49]

01[09:50] <&Threei} on onr's discretion alex

[09:50]

01[09:51] <&Threei} 1:1

[09:51]

01[09:54] <&Threei} friking JPM

[09:54]

[09:55]

01[09:56] <&Threei} thank you for youir rearview mirror insight

[09:56]

01[09:58] <&Threei} Long Setup: IWM .95 break

01[09:58] <&Threei} If holds .90

[09:59]

01[09:59] <&Threei} 1:1

[09:59]

01[09:59] <&Threei} bad numbers

[09:59]

[10:00]

01[10:00] <&Threei} (US) APR CONSTRUCTION SPENDING M/M: 0.4% V 0.9%E

01[10:00] <&Threei} *(US) MAY ISM MANUFACTURING: 49 V 50.5E; - Source TradeTheNews.com

[10:01]

[10:03]

[10:04]

01[10:11] <&Threei} go ahead, explain this one

[10:11]

[10:12]

[10:13]

01[10:13] <&Threei} US Supreme Court justices rule police can take DNA samples from people charged but not convicted of crimes

[10:13]

[10:14]

01[10:15] <&Threei} Short Setup: GDX .10 break

01[10:15] <&Threei} If holds .20

[10:15]

[10:16]

[10:18]

01[10:19] <&Threei} stop to .16

[10:19]

[10:20]

01[10:21] <&Threei} I doubt it

01[10:21] <&Threei} loss of .80 is more likely

[10:34]

[10:35]

[10:36]

01[10:36] <&Threei} Long Setup: IWM 98 break

01[10:36] <&Threei} If holds .90

01[10:39] <&Threei} move your butt IWM, you are ready for 1:3

01[10:39] <&Threei} grrr

01[10:40] <&Threei} rug pull SPY

01[10:41] <&Threei} IMF cuts 2013 German growth forecast from 0.6% to 0.3%

01[10:46] <&Threei} GDX... are youi kidding me?

[10:49]

[10:50]

[10:51]

[10:53]

[10:54]

[10:55]

01[10:57] <&Threei} watching WMT for pullback entry

[10:57]

01[10:58] <&Threei} Long Setup: WMT .55 break

01[10:58] <&Threei} If holds .45

[11:00] <_epach -="" .18="" .23="" div="" intc="" long="">

01[11:04] <&Threei} sacre blu

[11:04] <_epach 1:1="" div="">

[11:05]

[11:06]

[11:07]

[11:08]

[11:10]

[11:11]

[11:12]

01[11:13] <&Threei} a few headlines on it dino

01[11:13] <&Threei} presents dats form a few studies, and upgraded at CS with 73 target'

[11:13]

[11:15]

[11:16]

[11:19]

[11:20]

[11:23]

01[11:26] <&Threei} Long Setup: TZA .40 break

01[11:26] <&Threei} If holds .30

[11:28]

[11:29]

[11:30]

[11:32]

01[11:32] <&Threei} WMT another rinse

01[11:32] <&Threei} believe it or not

[11:32]

01[11:32] <&Threei} 1:1 TZA

[11:34]

01[11:35] <&Threei} hmm?

01[11:35] <&Threei} lost me

01[11:36] <&Threei} stop is a stop

01[11:36] <&Threei} it's taken and forgotten

[11:36]

01[11:36] <&Threei} making observation how many rinses in one day

01[11:36] <&Threei} market changes, we observe the ways it does, to adapt

01[11:37] <&Threei} if rinses on standard setups become a routine, we switch to aggressive or conservative entries

[11:39]

[11:40]

01[11:40] <&Threei} letting trigger go, waiting for a rinse to occur, entering on recross

01[11:47] <&Threei} Long Setup: FCX .10 break

01[11:47] <&Threei} If holds 31

01[11:55] <&Threei} 1:1

[11:57]

01[11:57] <&Threei} let me send you a photo of Merilin Monroe

[11:57]

[11:58]

01[11:58] <&Threei} 1:2 is close enough, 1/4 more out

01[11:58] <&Threei} yw

01[11:58] <&Threei} 1:2

[11:59]

[12:00]

[12:03]

[12:04]

[12:07]

[12:10]

01[12:10] <&Threei} ?

[12:10]

[12:11]

01[12:11] <&Threei} hold on, so I follow:

01[12:11] <&Threei} the price of first entry?

01[12:11] <&Threei} and time

[12:11]

[12:12]

01[12:13] <&Threei} OK, one modification:

01[12:13] <&Threei} perfect way to play this kind is to buy recross of a stop level

01[12:13] <&Threei} as in:

01[12:13] <&Threei} .50 entry would have been stopped under .40,

[12:13]

01[12:13] <&Threei} rinse and run of the stops leads to an exit rush,

01[12:14] <&Threei} usually it asppears ina form of a tail if things happen within 1 min,

01[12:14] <&Threei} and if .30 is holding, then .40 recross is where you want to be in

[12:14]

01[12:14] <&Threei} This way you have:

01[12:14] <&Threei} .30 as your new stop, under the low of the tail,

01[12:15] <&Threei} .50, previous trigger as a first partial, which puts you in a very safe territory,

01[12:15] <&Threei} rush of new buyers which is likelyto take you to 1:2 for you whivch is 1:1 for them

[12:15]

[12:16]

01[12:16] <&Threei} and one more thing it gives you:

01[12:16] <&Threei} moral satisfaction of being on a smart money side, as you use rinseds tops instead of being rinsed

01[12:16] <&Threei} well, this is a mix

01[12:16] <&Threei} pure aggressive is buying before the break

01[12:17] <&Threei} conservative is buying on a pullback to a break level

01[12:17] <&Threei} this is something else, that has some traits of both

[12:17]

01[12:17] <&Threei} I call it DKTK setip

01[12:17] <&Threei} Don't Kid The Kidder\

[12:18]

01[12:18] <&Threei} it's a beaty is all regards but one:

01[12:18] <&Threei} you never know in advance when it's time to switch to it, you come to it only after seeing a few rinses

[12:19]

[12:20]

01[12:21] <&Threei} (CY) Fitch lowers Cyprus rating one notch to B- from B

01[12:21] <&Threei} seriously? thwere is soemthing left to downgrade there?

[12:23]

01[12:28] <&Threei} jd... so I get your classification... Would FCX count as a son of a goat having full set of paernts?

[12:29]

01[12:29] <&Threei} OK, I think I start getting a hand of it

[12:29]

01[12:29] <&Threei} lol

[12:30]

01[12:31] <&Threei} ahha, more nuances

[12:33]

[12:34]

[12:39]

[12:41]

01[12:41] <&Threei} yes

01[12:41] <&Threei} so, born out of wedlock, but parents stay in touch and contribute to his raising?

[12:42]

01[12:42] <&Threei} OK... writing that down

[12:43]

01[12:47] <&Threei} let's see if we can get it on a pullback

[12:47]

01[12:47] <&Threei} that I'd dare, pure break - not so much

[12:47]

01[12:48] <&Threei} yup

01[12:48] <&Threei} sharp drop toward .40 would be ideal

[12:48]

01[12:48] <&Threei} well... try to wear duck helmet

[12:49]

[12:55]

01[12:56] <&Threei} Long Setup: FAS .20 break

01[12:56] <&Threei} If holds .10

01[12:56] <&Threei} that was fast 1:1

01[12:57] <&Threei} anyone got it?

[12:57]

01[12:57] <&Threei} hmm?

[12:57]

[12:58]

01[12:58] <&Threei} 1:2

[13:00]

01[13:00] <&Threei} :(

01[13:01] <&Threei} anyway, look at the description of DKTK setup, and this chart... perfect match

[13:01]

[13:02]

01[13:02] <&Threei} sp why not buy .30 break on a rinse?

01[13:02] <&Threei} since we established today is that kind of a day

[13:02]

[13:03]

01[13:03] <&Threei} I don't understand WY entry

[13:04]

[13:06]

[13:07]

01[13:07] <&Threei} why did you enter it in a first place?

01[13:07] <&Threei} I see now setup whatsoever

01[13:07] <&Threei} now = no

[13:08]

01[13:09] <&Threei} if you can't name setup, it's not there. Don't trade on these generalities

01[13:09] <&Threei} what you list is criteria for looking at it as a candidate

01[13:10] <&Threei} candidate differs from actual trade by valid setup

[13:11]

01[13:25] <&Threei} Short Setup: MCD .40 break hl

01[13:26] <&Threei} If holds .50

01[13:28] <&Threei} sugh

[13:29]

01[13:29] <&Threei} lol

[13:33]

[13:37]

[13:43]

[13:44]

[13:45]

[13:51]

01[13:54] <&Threei} Long Setup: TNA .35 break

[13:54]

01[13:54] <&Threei} If holds .25

01[13:55] <&Threei} pullback entry for .50 break

[14:00]

01[14:01] <&Threei} :)

[14:04]

[14:05]

01[14:05] <&Threei} yw

[14:07]

[14:15]

01[14:15] <&Threei} Short Setup: GDX .10 break

01[14:15] <&Threei} If holds .20

[14:16]

01[14:16] <&Threei} take care ese

[14:17]

01[14:17] <&Threei} since when we drink wine there

01[14:18] <&Threei} shiskabob is a vodka time

[14:19]

[14:20]

[14:23]

[14:25]

01[14:26] <&Threei} fresh IPO

[14:26]

01[14:41] <&Threei} watching TNA again for a pullback entry

01[14:45] <&Threei} Long Setup: TNA .85 break

01[14:45] <&Threei} crap, that was fast

01[14:46] <&Threei} ok, same setup is valid again

01[14:46] <&Threei} .85 break

01[14:46] <&Threei} If holds .75

01[14:47] <&Threei} change to .75 break

01[14:47] <&Threei} If holds .65

01[14:48] <&Threei} Invalidated

01[14:49] <&Threei} Long Setup: TNA .65 break

01[14:49] <&Threei} If holds .55

[14:50]

01[14:50] <&Threei} 1:1

[14:50]

01[14:51] <&Threei} 1:2

[14:51]

01[14:51] <&Threei} yw

[14:51]

01[14:52] <&Threei} GDX... why didn't I recalibrate it to .20 short

01[14:53] <&Threei} 1:3, out

01[14:53] <&Threei} a bit easier to breathe

[14:55]

[15:04]

[15:11]

[15:12]

01[15:12] <&Threei} worth a shot if holding .40

[15:13]

01[15:14] <&Threei} Long Setup: GLD .50 break hl

01[15:14] <&Threei} If holds .40

[15:15]

[15:19]

01[15:27] <&Threei} Short Setup: FCX .30 break

01[15:27] <&Threei} If holds .35

01[15:35] <&Threei} GLD valid again

01[15:35] <&Threei} same setup

01[15:37] <&Threei} 1:1

01[15:45] <&Threei} Long Setup: TZA .30 breal

01[15:45] <&Threei} If holds .20

[15:46]

01[15:46] <&Threei} wtg

01[15:46] <&Threei} nah

01[15:47] <&Threei} there is reason why people don't like mondays, eh

[15:47]

01[15:47] <&Threei} you too

[15:47]

[15:48]

[15:49]

01[15:49] <&Threei} take care jd

01[15:49] <&Threei} well, activity was spread throughout the day

[15:49]

01[15:50] <&Threei} one trade I regret about not alerting though

01[15:50] <&Threei} TNA long at 49 break aroud 3:35

[15:51]

[15:52]

01[15:52] <&Threei} thank you all

01[15:52] <&Threei} have a good evening, see you tomorrowq

[15:53]

01[15:53] <&Threei} always

[15:58]

Saturday, June 1, 2013

Nemo's Findings week of 6/02/2013

(Course on chart pattern recognition is available now: http://www.realitytrader.com/111trades.html

And the answer is.....CORRECTION!!!

Here's the SPY:

As you can see, we are fast approaching the:

3,4% pullback from the high
38.2 retrace of the swing low from mid-April.
The 50% retrace of this swing and the 23.6 retrace of the November low are between 161-161.25.
Of course we are coming into possible trend lines before we get there.
This is basically a rehash of last weeks findings with the additional 4 days of action confirming. You can review here: http://bit.ly/11gONMF
One additional tidbit...the 50 day SMA has just begun to move into that gap area, so as it rises it should provide additional support

Having said that, let's take a look at the XLF:

Here are As we can see, the chart is similar to SPY but doesn't look nearly as ominous, having pulled in2.5%. Unless this comes in it might be hard for SPY to get much further. Not quite time to throw the women and children overboard.

Then of course, there is the Russell:

Again, not nearly as ominous as the SPY... pulled in a whole 2.3%

And here's Buffett's favorite indicator...well his is rail specific, but you get my drift:

As you can see, it's really just coming into its first major support level.

However this causes me concern:

And have a look at this: http://www.bloomberg.com/quote/GJGB10:IND/chart
As you can see, Japan's government bond interest rate is on the rise. Out of control yet? No. Concerning, yes.

Mr. Ritholz provided a nice economic summary here: http://bit.ly/18HMHKv

Dear Mr. Abe may be committing economic seppuku. Since his "all in" for QE, the yields (ie: interest rates) have risen rather sharply on government bonds, and as you can see, the Japan fund has almost given up 50% of it's run since November. If the yields continue to rise, this could get ugly rather quick. Don't forget, we are in a grand experiment. Nobody knows how this is going to conclude.

In general, economically, the news around the world has been getting worse

Anyway, the week that was:

As I said, it ain't that bad yet, but we could be concerned about Friday's sell off into the close. By the way, they were buying the VXX after the close Big Time! So, insurance is being bought. Selling off like that gives everybody the weekend to get scared. So, you'll have the Asian and European open before Monday-which will either put a brake to this, or accelerate the avalanche...come to think about it, you might want to get the family's life preservers out and ready.

Anyway, the week that is:

Barrons Saturday summary

Barrons Saturday summary: positive on INTC and CWGL; cautious on some tech firms on the impact of stock-based compensation; cautious on solar sector

- Cover Story: America is increasingly growing accustomed to the idea of legalized marijuana, with proponents saying its a matter of basic personal freedom, noting legalization would hurt drug lords, help cash-strapped states, and ease burdens on police and prisons, though Congress still needs convincing.

- Features:
1) Cautious on FB, GOOG, AMZN, CRM, LNKD, VMW, ULTI, CNQR, BRCM: Among companies whose price/earnings ratios are higher than apparent because Wall Street estimates generally leave out the often very significant cost of stock-based compensation, in contrast to more conservative approach at tech companies such as MSFT, AAPL, and INTC;
2) Positive on INTC: Stock price could double in five years as it grabs more market share in tablet and smartphone chips; also boasts a healthy dividend yield;
3) Positive on CST, IR, HAWK: Companies are good options for those investing in spin-offs, which tend to outperform the broad market for up to three years, though investors shouldn't ignore parent stocks;
4) Positive on CWGL: Company, spun off from LUK, is the only sizable, U.S.-listed winemaker focused on the high end market, shares look appealing, though it is asset-rich and earnings-poor and will require investor patience.

Small Caps: Positive on QLTY: Shares, down based on problems from acquisition spree, could rally another 30% in the next year, partly aided by rising chemicals shipments.

- Tech Trader: Cautious on RSOL, SCTY, FSLR, SPWR: There is optimism in solar sector, primarily based on changed expectations and reduced forecasts as subsidies dry up, but solar shares aren't cheap for now, meaning investors shouldn't rush in; Kleiner Perkins partner Mary Meeker suggests public Internet companies try to be like LNKD by growing their user base, beating revenue expectations, and having an upside to Ebitda.

- Trader: On an equal-weighted base, cyclical stocks such as industrials, materials, energy, and technology have been outperforming defensive sectors such as healthcare, consumer staples, utilities, and telecom since later April, a sign economy may be growing stronger; Positive on A, DTV, WY: Investing in stocks with upward earnings revisions can be a successful strategy according to Will Geisdorf of NDR; Credit information embedded in corporate bond prices provides very valuable information for stock investors, says Doug Ramsay of the Leuthold Group; Positive on GM: Automaker is highly leveraged to the fastest-growing markets in the world, has net operating loss credits that will shield it from tax payments until 2018, a strong balance sheet, and a popular new truck.

- Follow-Up: Positive on GOOG: Growth may have slowed and more rivals entered the field, but though shares arent cheap, the stock should be in most portfolios, and longer-term investors might look to buy whenever the stock pulls back; Negative on IHG: Shares are approaching price targets, and positive qualities are already priced in.

- Mutual Funds: Interview with Joseph Foster, Portfolio Manager, Van Eck International Investors Gold (top ten holdings: GOLD, New Gold, Goldcorp, Silver Wheaton, Eldorado Gold, gold bullion, RGLD, Osisko Mining, Tahoe Resources, Yamana Gold); Interview with Marc Faber, Publisher, Gloom Boom & Doom Report and Director, Marc Faber Ltd. (Top holdings: DCM, Vietnam Dairy Products, Military Commercial Bank, SIA Engineering, Kingsman Creatives, China Mengniu Dairy, NVS, GDF Suez, Veolla Environnement, Iberdrola, Engergias de Portugal, NEM, CVX, TOT, Kazkommertsbank, Euphrates Iraq Fund, India Capital Fund).

- European Trader: Positive on Lanxess (LXS.DE): German specialty chemicals manufacturer should rediscover its winning formula in the next 12 months and could see 20% upside.

- Asian Trader: Investors should be in China because it is a commodity-intensive economy and the worlds largest importer and consumer of raw materials, says Sean Darby of Jefferies; Jiong Shao of Macquarie likes Brilliance China, China Gas, and China Longyuan Power.

- Emerging Markets: Weaker currencies in emerging markets could be good news for their economies but bad news for U.S. investors because currency depreciation will eat up bond yields, meaning investors should focus on bond funds that can profit in such as environment (Positive on HTRAX).

- Commodities: China expected to import 34% less cotton next year, and countrys use of fiber should be flat, weighing on future prices.

- Streetwise: Positive on SEAS, SIX: Shares of both amusement park companies are up, and given dwindling number of them and expense to build new ones, boost is understandable; some investors also think SEAS could eventually be converted to a REIT.

- CEO Spotlight: WM chief David Steiner, who has helped rebrand company and distance it from past problems.

Friday, May 31, 2013

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