June 13 2013

Copy of last two days. Slow climb, boring trading. Hopefully with opex it ends. 

Session Time: Thu Jun 13 00:00:00 2013

[09:01] {stevw} hey, why so quiet - you guys didn't stay up for the triple-OT last night, did you?

01[09:01] {&Threei}  morning stev

01[09:01] {&Threei}  triple-OT?

[09:01] {stevw} Chicago over Boston in the Stanley Cup

01[09:02] {&Threei}  oh

[09:11] {+cc_9} Good morning Vad, gents.

01[09:12] {&Threei}  morning cc9

[09:16] {Alexs} gm

01[09:17] {&Threei}  alex :)

[09:17] {RonS} Hello everyone

[09:17] {Les} yo

01[09:17] {&Threei}  ron, les :)

[09:17] {backman} gm

01[09:17] {&Threei}  bman :)

[09:18] {Will49} gm

[09:18] {jdetente} morning guys

01[09:18] {&Threei}  will :)

01[09:18] {&Threei}  jd :)

[09:20] {dptl} gm

01[09:20] {&Threei}  dp :)

[09:21] {cipher} gm

01[09:21] {&Threei}  cipher :)

[09:23] {dino} gm

[09:23] {ese} gm

01[09:23] {&Threei}  dino, ese :)

[09:23] {ese} vad dino

[09:24] {dino} vad ese

[09:26] {ese} if we accidentally spell vads name wrong intros become Bad Dino...Bad Ese

[09:27] {RonS} ...or Mad Ese?

[09:29] {ese} true

[09:29] {+cc_9} we bounce today, put holders get screwed into tomorrow

01[09:30] {&Threei} Short Setup: GDX  .10 break

01[09:30] {&Threei}  If holds  .20 

01[09:30] {&Threei}  kangaroo tail

[09:31] {ese} agreed cc...should bounce a bit today

01[09:34] {&Threei}  Invalidated  

01[09:35] {&Threei} Short Setup: JPM  .10 break

01[09:36] {&Threei}  If holds  .17 

01[09:37] {&Threei}  no go

[09:38] {dino} gci sm s .10

[09:38] {Les} Nikkei and S&P futures suggest possible DB in daily time frame

01[09:40] {&Threei} Short Setup: KMO  .45 break hl

01[09:40] {&Threei}  KMI

01[09:41] {&Threei}  If holds  .55 

[09:41] {dino} c sm l .50

01[09:42] {&Threei} Short Setup: FCX  .45 break

01[09:42] {&Threei}  If holds  .55 

[09:44] {dino} cov gci .05, +.05, won't drop

[09:45] {+cc_9} ese, les, this one is for you }} http://img443.imageshack.us/img443/8474/traden.jpg

[09:45] {dino} iep sm l .25

[09:46] {ese} not showing anything cc

[09:47] {Les} lol cc don't dick around do ya

[09:47] {+cc_9} click on the right side of }} http://img443.imageshack.us/img443/8474/traden.jpg

[09:47] {Les} target KMI?

[09:48] {Alexs} what target kmo?

01[09:48] {&Threei}  nice daily... let's try for 1:3 and let it decide

[09:48] {Les} taken a little .37

[09:48] {ese} sheesh.....wow....slow down man slow down

01[09:48] {&Threei}  1:1

01[09:49] {&Threei}  1:2

01[09:50] {&Threei}  (JP) Magnitude 5.6 earthquake strikes near Japan

[09:52] {+cc_9} that's what happens when you stop stimulus

01[09:52] {&Threei}  lol

[09:52] {Les} hehe

[09:53] {Les} GDX dt

[09:53] {Les} see if holds. 30

01[09:53] {&Threei} Short Setup: GDX  .25 break

01[09:54] {&Threei}  last piece KMI out on a trail

01[09:55] {&Threei}  If holds  .32  GDX

[09:55] {Les} tight setup on FCX here long maybe or two way

[09:56] {stevw} CAT is on a relentless climb - up a buck now - may become interesting to watch for a top

[09:57] {+cc_9} headfakes down @ open, time to cover ahead of opex, nice bounce so far

[09:57] {Les} futures shows s&p db possibility

01[09:58] {&Threei}  (US) APR BUSINESS INVENTORIES: 0.3% V 0.2%E- Prior revised lower from 0.0% to -0.1%

01[09:59] {&Threei}  Invalidated  FCX 

[10:00] {+cc_9} look @ that SSO now les/ese. Yes I am mad

[10:01] {Les} coulda shoulda woulda 

01[10:01] {&Threei}  meh

[10:02] {Les} you know you shouldn't take my setups vad :)

[10:03] {Will49} lol

[10:03] {jdetente} so less Les is more?

[10:04] {Les} GLD!!

[10:05] {Les} short .091

[10:05] {Les} .01

01[10:05] {&Threei} Long Setup:  IWM  .85 break

[10:06] {Les} partial GLD 1:1

[10:06] {Les} tjere's the DT

01[10:10] {&Threei} Long Setup:  IWM  .60 break

01[10:10] {&Threei}  If holds  .50 

[10:10] {Alexs} too fast

[10:11] {Will49} no kidding

[10:11] {jdetente} yup

[10:11] {Les} 1:2 GLD

01[10:11] {&Threei}  no secondary entry if pulls back

[10:14] {RonS} hfc sm l .58

[10:16] {Les} 1:3 gld me out

[10:16] {Les} me happy

[10:16] {Alexs} gj Les

[10:17] {RonS} me changing name to Tarzan...

[10:17] {Will49} lol

[10:17] {Alexs} IWM was nice

[10:18] {Les} 1:4 :(

[10:19] {stevw} geez Les, you were happy 2 minutes ago

[10:19] {Les} attention span of a goldfish

[10:19] {Alexs} greed is good

[10:20] {stevw} emotional stability of a puppy

[10:20] {jdetente} haha

01[10:21] {&Threei}  I've seen dandelions in strong wind that are more stable than Les {G}

[10:21] {Les} hehe

[10:21] {jdetente} Vad's filling in for Nemo today I see...good job boss 

[10:22] {Les} I'm sure they have drugs for that. I've yet to locate them

06[10:22] * &Threei takes a bow

[10:22] {RonS} 3i far far more poetic than Nemo...

01[10:23] {&Threei}  that's all the bacon, ron

01[10:23] {&Threei}  bacon makes one a poet

[10:23] {jdetente} hmmmm bacon

[10:23] {RonS} rapier v meatcleaver

[10:23] {stevw} Francis?

01[10:24] {&Threei}  lol

[10:24] {RonS} lol stev

01[10:29] {&Threei} Long Setup:  TZA  .40 break

01[10:30] {&Threei}  If holds  .30 

[10:32] {RonS} out hfc .95 +.37

[10:32] {Alexs} full lot TZA?

01[10:32] {&Threei}  yeah

[10:32] {dino} gj

[10:33] {Will49} beauty ron

01[10:33] {&Threei}  wtg

01[10:33] {&Threei}  Invalidated  

[10:35] {ese} vad...when you've got a sec....IRM  .90 to .60 quick slide/ bounce /retest of lower BB/ didn't break it....would that have been a good entry breaking the high of that 1min doji bar?

[10:35] {Alexs} looks valid again TZA?

01[10:36] {&Threei}  yes, valid now, if not losing .30 anymore

01[10:37] {&Threei}  looks right to me, ese

[10:37] {ese} tks

[10:37] {+cc_9} anyone here keep an eye on YOKU ?

[10:37] {ese} working on that strategy

[10:37] {Will49} yoku ono?

[10:37] {ese} i like it

[10:38] {ese} lol

01[10:38] {&Threei} Long Setup:  JPM  .50 break

01[10:38] {&Threei}  If holds  .40 

[10:39] {ese} watch out for that one will.....i hate the way it trades....

[10:39] {ese} it's taken me for a few rides

[10:39] {Will49} :)

[10:39] {ese} big spreads sometimes appear out the blue with that one

01[10:41] {&Threei}  .45 break as an aggressive entry... if you prefer those, looks decent here

01[10:50] {&Threei}  let's go JPM

[10:53] {jdetente} some inspiration for JPM https://www.youtube.com/watch?v=htgr3pvBr-I

01[10:54] {&Threei}  sigh

[10:54] {jdetente} jeez and I thought Toto would help :(

01[10:54] {&Threei}  SPY pullback killed its inspiration

[10:56] {dino} out iep .26, +1.01

[10:56] {Will49} outstanding

[10:56] {dino} ty

[10:56] {RonS} gj

01[11:02] {&Threei} Short Setup: GDX  .10 break

01[11:03] {&Threei}  aggressive entry for am inverted C&H

[11:04] {RonS} bks going for gap fill...

01[11:09] {&Threei} Long Setup:  TZA  .40 break

01[11:09] {&Threei}  yes, again... lol

[11:10] {jdetente} deja vu

[11:10] {ese} vad.......does the (13, 1.7) BB settings work on daily charts....or is it just a specific setting for intra day 1min 5 min etc etc?

01[11:10] {&Threei}  the shorter times frame, the less time period and of course deviation

01[11:11] {&Threei}  for daily, leep standard, 20/2

[11:11] {ese} ok tks

[11:13] {jdetente} do your thing GDX....

[11:14] {jdetente} die!

[11:14] {Les} GDX can't die

[11:14] {jdetente} Zombie Apocalypse??

01[11:14] {&Threei}  why?

01[11:14] {&Threei}  not only it can, it must

[11:14] {Les} there is 'unprecedented' demand for gold in the world

01[11:14] {&Threei}  oh that

[11:15] {jdetente} so the banksters can be gelded??

01[11:15] {&Threei}  but Les... you forgot, GLD and GDX are evil creation of wall street, and exist on paper only

01[11:15] {&Threei}  physical is where it's at

[11:15] {Les} so we are selling a fantasy?

01[11:15] {&Threei}  yes!

01[11:15] {&Threei}  buying too btw

[11:16] {Les} no wonder people call us wayless scoundrels and speculators

01[11:16] {&Threei}  they do?

[11:16] {Les} read it in the press

[11:16] {jdetente} I think Les has unresolved guilt about being speculator...

01[11:16] {&Threei}  sounds like nice compliment, considering the source

[11:17] {jdetente} speculators make the world go round Les

[11:17] {Will49} I'm a secular speculator spectator

[11:17] {jdetente} the worst kind Will hehe

[11:18] {Will49} :)

06[11:18] * Les slaps jd for his grandiose visions of larceny

[11:18] {jdetente} nice

[11:18] {Alexs} The Trust holds gold and issues shares (Shares) (in minimum blocks of 100,000 Shares, also referred to as Baskets) in exchange for deposits of gold and distributes gold in connection with redemption of Baskets

[11:18] {jdetente} I forget you're a lib Les :)

[11:18] {Alexs} so its real

01[11:19] {&Threei}  I am an inspector suspecting secular speculating spectators of unspecified (insert your own word)

[11:19] {Les} never voted in my life jd

[11:19] {Will49} oooha

[11:19] {jdetente} really Les?

01[11:19] {&Threei}  no Alex, not in eyes of cpnspiracy theorists,

06[11:20] * Les slaps vad for seeking out an english dictionary

01[11:20] {&Threei}  because in their world there is no actual gold in those holdings

01[11:20] {&Threei}  they claim it's all big sham

01[11:20] {&Threei}  see now C&H forming on GDX?

[11:20] {Les} nope

01[11:21] {&Threei}  you need to look at the chart for that, Les...

01[11:21] {&Threei}  1:1

[11:21] {Les} oh

[11:21] {dptl} lol

01[11:21] {&Threei}  this is what I envisioned with that entry

[11:21] {Les} that's what artists do

01[11:21] {&Threei}  just hope it's not ending as a frikin scalp

[11:21] {Les} I just obey orders

[11:21] {Les} sometimes

01[11:22] {&Threei}  so Les, let me get it straight... you are raving against authorities running the wolrd in a wrong way, but you never vote?

[11:22] {Les} how the frick can I?

[11:23] {Les} I am a foreigner in this country

[11:23] {Les} army till 26. too dumb to vote back in Oz

01[11:23] {&Threei}  you are a complicated man :)

[11:23] {RonS} never stopped the Mexicans here...

01[11:23] {&Threei}  rofl

[11:23] {Les} one world govt. would fix everything

01[11:23] {&Threei}  fix as in neutered? yes

01[11:24] {&Threei}  or as in, rigged? yes as well

[11:24] {jdetente} you're in California too Ron?

[11:24] {RonS} run by Lux Luthor?

01[11:25] {&Threei}  or Putin

01[11:25] {&Threei}  he lectured Obama about privacy a few days ago, must be a good protector of human rights

[11:25] {RonS} CO...the dems everywhere have set vote system for fraud...

01[11:25] {&Threei}  right?

[11:26] {RonS} aren't they the same?

[11:26] {Les} who said one needed to be honest to lecture someone else? Where the heck r u from?

01[11:26] {&Threei}  ummm

[11:26] {Les} go back to Titan

01[11:26] {&Threei}  I guess sarcasm doesn't translate well over the net

[11:26] {Les} sure it does

[11:27] {RonS} my Dad has never played hockey...but yells at Sharks coach about what to do...

[11:27] {Les} it was a sarcastic reply, as if you were being straight faced

01[11:27] {&Threei}  ok... as I said before, you are a complicated man :)

[11:27] {Les} I'm getting the hang of it here

[11:28] {Les} problem is you've only got Nemo

[11:28] {Les} and he's just a blunt instrument

01[11:28] {&Threei}  hey, horses for courses

01[11:28] {&Threei}  one needs both, surgical scalpel and ax

[11:29] {Les} Nemo the bludgerer

01[11:29] {&Threei}  nemo's great at beheading

[11:29] {Will49} don't talk about nemo...he's at a funeral

[11:29] {Les} but I get yer sarcasm

[11:29] {Les} you clearly don't get mine ;)

[11:29] {RonS} that was yesterday...today hungover from wake...

01[11:29] {&Threei}  then there is a Torquemada approach

[11:30] {Will49} i stand corrected

[11:31] {Will49} in fact, you should stand up for ten minutes out of every hour when trading

01[11:31] {&Threei}  GDX... lose .95 and DIE

[11:31] {Will49} learned that in medical school

[11:32] {RonS} lol...had to go to medical school to learn to get off my ass...

[11:32] {Will49} was in the lobby visiting a friend and read it in a magazine

[11:32] {RonS} lol

[11:32] {dptl} lol

[11:33] {dptl} and i was wondering why am i falling asleep all the time

[11:33] {Will49} that and the vodka

[11:33] {Les} brain compression dp

01[11:33] {&Threei}  careful with such sources Will... as Abraham Linclon warned us, "Not everything you read on Interenet is true"

[11:34] {Will49} this was in a print magazine so must be true

01[11:34] {&Threei}  wow... there are those still? then yes

[11:34] {Will49} in my world for sure

[11:35] {Will49} still have a rotary dial phone

[11:35] {Les} Hustler still the source of quality journalism?

[11:35] {stevw} two-hander?

[11:35] {Will49} i'm so old, i don't buy green bananas

01[11:35] {&Threei}  lol

01[11:35] {&Threei}  GDX

01[11:35] {&Threei}  do it

[11:36] {stevw} the midday price stickiness

[11:36] {RonS} unheard of:  Hong Kong to handle #NSA leaker extradition based on law http://bit.ly/19uBMnS

[11:40] {stevw} we going to see a failure to breakout on CAT?

01[11:41] {&Threei}  really can't tell

01[11:45] {&Threei}  An oil line in in Sudan has exploded as a result of conflict between the Army and Rebel south

01[11:46] {&Threei}  (PT) IMF Portugal staff review finds that the public debt condition is very fragile and the political and social consensus is weak- Sees 2013 GDP contraction - public debt expected to peak near 124%/GDP - Portugal has met its performance criteria - Cannot guarantee that Portugal's debt is sustainable, unclear whether Portugal's debt issuance can achieve the scale that is necessary

[11:47] {+cc_9} Portugal soon to follow Greece : can only have radio, peasants

01[11:48] {&Threei}  (US) EU Trade chief reportedly aims to compromise in efforts to assuage concerns from the French on culture regarding the trade discussions with the US - press- Aims to provide EU members with a voice in negotiations with the US

01[11:48] {&Threei}  huh?

01[11:48] {&Threei}  on culture?

[11:50] {nemo} SPY done serious volume this morning looks like they're trying to put a bottom in this puppy

[11:51] {nemo} How'd the morning go so far?

[11:52] {Will49} nemo, les was concerned about your wellbeing

01[11:52] {&Threei}  back and forth

[11:52] {nemo} you got brown eyes Will?

[11:52] {Will49} haha

[11:53] {nemo} fas and iwm at pivot spy just about

[11:55] {Will49} obama's pastor?

[11:57] {stevw} you know stuff like that?!

[11:57] {Will49} my trivia memory

[11:58] {Will49} Rev Wright was his pastor, no?

[11:58] {Will49} American's?

[11:58] {stevw} i'm only smart enough to know i don't have enough brain cells to record that kind of info

[11:58] {Will49} problem is that's only stuff i store

[11:59] {nemo} what?  you an 8086 architecture?

[11:59] {Will49} told you i'm a luddite

[11:59] {stevw} if you paid attention to my comment, nemo, you'd not have used such a term

[11:59] {nemo} thought you were a Phillistine

[12:00] {Will49} duls citizenship

[12:00] {Will49} duel

[12:00] {dino} lulu luv today

[12:00] {nemo} My comment was at your expense

[12:01] {Will49} ok now...this stalled trade is cutting into my morning ablusion time

[12:01] {Will49} ablution?

[12:02] {+cc_9} SPY 162.75 first wall

[12:02] {jdetente} obliteration?

[12:02] {Will49} some times

[12:05] {dino} morning?

[12:05] {Will49} 9 am

[12:05] {dino} noon here

[12:06] {Will49} talkin wet coast fella

[12:07] {dino} ese, us open delayed, starting in 10

[12:09] {Alexs} are you still in GDX Vad?

[12:09] {jdetente} that printed .11 a few minutes ago

01[12:09] {&Threei}  lol... it did but I wasn't here

01[12:09] {&Threei}  anyway, it lost shape and sense

[12:10] {jdetente} see I followed the rules today haha

[12:10] {Will49} good boy

[12:10] {Alexs} yah I saw that print but now it disappeared

[12:10] {jdetente} it's still there on my charts

01[12:11] {&Threei}  the chart shape is no longer there

[12:11] {jdetente} it actually printed in two time frames lol

[12:11] {Will49} print was .109 so i stayed in....how's that for following the rule?

[12:11] {jdetente} well that broke .10 still :p

[12:12] {Will49} yes, true but trigger was .11 in my head :)

[12:13] {Will49} now i'm gone

[12:13] {Les} http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/10116331/Italian-showdown-with-Germany-over-euro-looms-closer.html

[12:16] {Will49} be back soon...going to do ablutions :)

[12:18] {stevw} arguably, there's an inverse h&s on GDX, but you don't want to admit it, do ya' Vad  (hehe)

[12:19] {Les} I can see its head, but that left shoulder looks more like an anus :)

[12:20] {nemo} HES coiling for a long methinks

[12:20] {Les} watching for potential TZA db setup at .85

[12:20] {Les} ahhh funny bone is back

[12:20] {RonS} hot

[12:21] {backman} long TZA .96

[12:24] {backman} out -.05

[12:28] {dino} .

[12:28] {Les} long tza .96 holding .85

[12:29] {nemo} careful for IWM bounce at pivot, and you need ths short term trend line break

[12:29] {Les} depends what I die of

[12:29] {Les} in the end its just physical

[12:31] {nemo} Les, when I come visit I'll chop off your limbs starting with your toes one joint at a time...it's just physical

[12:33] {Les} oops wrong blog space

[12:34] {nemo} yeah, you must be looking for that blog for the mentally disabled

[12:35] {Les} grind grind frikin grind

[12:35] {dptl} lol

[12:35] {dptl} let me get popcorn...lol

[12:35] {nemo} iwm at resistance, spy almost htere, fas backside test of channel support

[12:38] {+cc_9} 12:03 cc_9 SPY 162.75 first wall

[12:38] {+cc_9} lets see, we're right there

[12:39] {nemo} figures, spy bounced right at the 50 sma

[12:42] {nemo} spy at resistance, fas at backside test of trendline, IWM at QR3, 

[12:44] {+cc_9} crushes the wall since everyone is betting on it lol

[12:49] {+cc_9} volume dry as a yoko ono

[12:49] {nemo} huh?

[12:50] {nemo} hey 9, that creates alot of unpleasant visuals

[12:50] {+cc_9} blame Will

[12:50] {+cc_9} his idea

[12:51] {+cc_9} CTRL + F : ono

[12:51] {nemo} ach du lieber Gott!!

[12:52] {nemo} rht potential short...in the hole though, rather see a pull back to .20ish or .50ish

[12:52] {+cc_9} SPY needs a breather to at least 162.50 but hanging in there, next wall 163 flat

[12:59] {+cc_9} through it like butter

[13:00] {nemo} looks like it wants to recover all of yesterday

[13:01] {nemo} 163.50 is Monthly pivot, 163.80ish is weekly

[13:01] {+cc_9} people think its over-extended, but they are not looking at the daily

[13:01] {+cc_9} only @ short term frames

[13:01] {+cc_9} it can snap to 164 and still not even fully recover

[13:02] {+cc_9} tomorrow is expiration, many are bearish, thats the idea

[13:02] {nemo} getting prices back up for more distribution

[13:02] {Les} solid bounce and DB off 1600 S&P futures

01[13:03] {&Threei}  (ID) Magnitude 6.7 earthquake strikes 170km ENE of Flying Fish Cove, Christmas Island

[13:04] {+cc_9} Obama's war on christmas is getting too obvious

[13:04] {Les} that's in the middle of nowhere vad

[13:04] {nemo} very volcanic area

[13:04] {Les} well Indonesia is there

[13:04] {Les} but they don't count

[13:07] {Alexs} bby long .10?

01[13:08] {&Threei}  I doubt it...

[13:08] {+cc_9} BBY did nada all day while market moved

01[13:08] {&Threei}  yeah, jellyfish

[13:08] {Alexs} k

01[13:12] {&Threei} Short Setup: FB  .40 break

01[13:13] {&Threei}  If holds  .47 

[13:18] {Alexs} jellyfish BBY 1:1

[13:18] {+cc_9} in some SDS 40.20

01[13:19] {&Threei}  jellyfish with drive and determination :)

[13:19] {Alexs} lol

[13:19] {Les} yeh tza .66 here

[13:20] {+cc_9} careful Les, IWM stronger than S&P today

[13:21] {Les} k

[13:22] {ese} irm main lining at 29.00  will be going long just biding my time

[13:27] {+cc_9} needs a fade sub 162.80 SPY then we see some profit taking on this uptrend today

[13:28] {+cc_9} right now just slow grind, kinda boring

[13:33] {Alexs} jellyfish BBY 1:2

[13:34] {Les} half off .75 tza

01[13:34] {&Threei}  cc9... he will never let us live it down

[13:35] {Alexs} till FB make the same move

[13:35] {+cc_9} 4 cents, lets flush already, i have some SDS for sale

01[13:35] {&Threei}  to our excuse... BBY had news with MSFT

[13:36] {+cc_9} here we go

[13:37] {Les} get yer load er... off cc?

[13:38] {+cc_9} stacking them up

[13:38] {+cc_9} 28 29 30 31 etc...

[13:38] {+cc_9} so far unloaded 2 batches 26 and 27

[13:39] {+cc_9} i just need 32 and all gets flat

[13:39] {+cc_9} .32*

[13:41] {+cc_9} 28 & 29 taken

[13:41] {+cc_9} Les, my scalps are tiny, ~$0.10 on avg is what i look for, but i scale heavy

[13:42] {Les} sounds like principles similar to vads

[13:42] {Les} don't scale in though

[13:42] {Les} this pullback pretty lame

[13:42] {Les} market likes up apparently

[13:42] {Les} out on the scalp tza

[13:43] {Les} got dinner to serve brb

[13:43] {+cc_9} Les, these are principles I use for SSO / SDS

[13:44] {+cc_9} TNA / TZA I look for more

[13:44] {+cc_9} I rarely trade stocks, mostly ETFs

[13:44] {+cc_9} Once you sit through a halt and 50% gap, you start to like ETFs more

[13:44] {Will49} scaredy cat :)

[13:46] {+cc_9} I started this SSO/SDS strategy about 2 weeks ago, result here }}} http://img10.imageshack.us/img10/2072/tradese.jpg

[13:52] {Les} cc I am beating myself with a rod as I sit on TZA/TNA daily and learn to hold discipline until the appropriate setup. One day I'll wittle 9 errors to 1 good down to 1 for 1 good

[13:54] {+cc_9} Les, if you want my advice, get the technique down with SSO/SDS as they are a lot less volatile and only 1x 

[13:55] {+cc_9} Once you get the hang of it, move on to the leveraged ETFs

[13:56] {Alexs} what target do we have on FB?

01[13:57] {&Threei}  as a first target, want it to work

[13:57] {Will49} hahaha

[13:57] {Alexs} lol

01[13:58] {&Threei}  with .30 being somewhat of a support, if it breaks it... should give somemore, hard to tell

[13:58] {jdetente} working would be nice

01[13:58] {&Threei}  general market will determine

01[14:01] {&Threei}  someone take BBY from Alex's screen

01[14:03] {&Threei}  btw stev... remember our yesterday's exchange about this guy who did "new" study on the earthquake in BC?

01[14:04] {&Threei}  stumbled onto report about this on TV yesterday... you should see this busy and concerned look he wears running from room to room with pikle of paspers, looking at oscillographs

01[14:05] {&Threei}  urgency is written all over his forehead

[14:05] {Les} stop dissing experts Vad

01[14:05] {&Threei}  then voiceover talks about quake coming any moment within next 700 years

[14:05] {Les} what the heck would human beings do with their life if they couldn't be experts

[14:05] {Les} yeh same here in switzerland

[14:06] {Les} sooner or later... it's been 700 years, we should have one any century now

01[14:06] {&Threei}  I just want to suggest him to walk, not run...

[14:06] {Les} 2 mins. of fame

01[14:06] {&Threei}  new study my ass

01[14:07] {&Threei}  more like, grant expires

[14:07] {Will49} some people here think upgrading our schools is a waste of money

[14:07] {Les} absolutely Will

[14:07] {Les} why, I bet you used a board of slate in your day

01[14:07] {&Threei}  he talks about megathrust quake for crissakes

[14:07] {Les} and it did perfectly good

[14:07] {Will49} we are upgrading the public schools now

01[14:07] {&Threei}  if that one comes, whatever we upgrade or not will be demolished equally

[14:08] {dino} line drop

[14:08] {Les} seems to be the consumer fashion, end of times etc

[14:08] {Will49} les...we called them blackboards

01[14:08] {&Threei}  whole island might be swallowed as a matter of fact

[14:08] {Les} no, I meant a slate board, you know, like in Dickens' time

[14:09] {Les} How old r u will?

[14:09] {Les} ;)

01[14:09] {&Threei}  and don't gloat over there dp, your Vancouver will slide in the ocean just as well :)

[14:09] {Will49} put a spigot on my hot water heater so if big one hits and city water is gone, i'll have 40 gallons to go with my jack daniels

[14:10] {Will49} les...do you work for NSA?

[14:10] {dino} now thats planning

[14:10] {Will49} les....74

01[14:10] {&Threei}  OK FB... let's do it

[14:10] {Will49} but i look 73

[14:11] {Les} yeh, so you're old enough to have used a board of slate

01[14:11] {&Threei}  don't be so modest Will

[14:11] {Will49} no we actually had paper :)

01[14:11] {&Threei}  no way I'd give you more than 71

[14:11] {Les} paper?

[14:11] {Will49} thanks a lot Vad :(

[14:12] {Will49} one year is important at my age

01[14:12] {&Threei}  kidding.. you know you don't look a day over 65

[14:12] {Will49} now i feel better:)

[14:13] {dptl} to me after certain age everybody look the same

[14:13] {Will49} les...did use a slide rule at university

[14:13] {jdetente} anyone over 40 looks the same to me 

[14:13] {Will49} dp...you don't want to see me naked

[14:13] {dptl} lol

[14:13] {+cc_9} out of the blue pop on SPY

01[14:14] {&Threei}  neither do I for that matter

[14:14] {jdetente} lol

[14:14] {Will49} haha

[14:14] {Les} what the heck is a slide rule?

01[14:14] {&Threei}  nothing personal will, that goes for all male species :)

[14:15] {Will49} yeah

[14:15] {Les} my university was that bullshit liberal humanities crap

[14:15] {Les} not a slide rule to be seen

[14:15] {Will49} remember the constipated engineer?

[14:15] {Will49} he worked it out with a slide rule

[14:15] {dino} jd, how old are you if 40 looks the same

[14:15] {Les} ugh

[14:16] {jdetente} that was a joke Dino hehe. I'm 8 years to 40 myself

[14:16] {Will49} why didn't you do engeineering or something useful?

[14:16] {RonS} never knew they grew corn in Victoria Will...

[14:16] {Will49} or spelling:)

[14:16] {dino} you may be the youngster of the room

[14:17] {jdetente} I'm betting I am

01[14:17] {&Threei}  SPY sudden bout of happiness

01[14:17] {&Threei}  no news

[14:17] {Les} that used to be me jd

[14:17] {dptl} :) and its good

[14:17] {jdetente} I spent 11 years in the mortgage industry...that aged me quickly lol

[14:18] {dino} lol, i spent 15 in the insurance industry, i understand

01[14:18] {&Threei}  I spent 35 in USSR. You both have nothing on me

[14:18] {jdetente} yeah pretty much the same deal

[14:18] {jdetente} @ Dino

[14:18] {dptl} lol Vad

[14:18] {jdetente} you have us all beat Vad

[14:18] {dino} you've got us beat vad

01[14:18] {&Threei}  :)

[14:19] {jdetente} FB was poised to die...too bad

01[14:19] {&Threei}  sigh

[14:19] {jdetente} up and down 

[14:20] {jdetente} wheel keeps turning round and round

[14:20] {Will49} in and out

[14:20] {Alexs} yeah jellyfish FB woke up

[14:20] {jdetente} let's keep it PC Will

[14:21] {Will49} :)

[14:22] {Will49} watch it jd...respect your elders:)

[14:22] {jdetente} sir, yes sir

[14:23] {Will49} i have a grandson your age

[14:24] {Will49} and....get off my lawn!

01[14:24] {&Threei}  lol

[14:24] {Les} I dunno Vad

[14:24] {Les} Married with kids beats Soviet Union IMO

[14:24] {jdetente} haha

[14:24] {Les} I have my own personal dictator

01[14:25] {&Threei}  excuse me... married with kids in my case came on top of USSR... got anything else?

[14:25] {Will49} happy personal dictator...happy life

01[14:25] {&Threei}  lol

[14:25] {jdetente} Vad wins again

[14:25] {Will49} who made you da judge?

[14:26] {jdetente} our benevolent dictator

[14:26] {dptl} Les Les......boy, you have no idea...:)

01[14:26] {&Threei}  as long as he rules in my favor, will... :)

[14:26] {nemo} definitely not talking about me

[14:26] {jdetente} malevolent would be nemo

[14:26] {Will49} you even buy the judges here eh Vad?

[14:26] {nemo} spy back to monthly pivot

[14:27] {Les} we take it for granted that you r a tyrant Nemo

[14:27] {nemo} I'm hardly a tyrant

[14:27] {Les} started calling you Nero behind yer back

[14:28] {backman} sold 49 shares of 100 lot order.....gimme a break

[14:28] {jdetente} ??

[14:28] {Les} SSO vol. dump

[14:28] {nemo} don't play violin either

[14:29] {Les} :)

01[14:29] {&Threei} Long Setup:  TZA  .30 break

01[14:29] {&Threei}  If holds  .20 

[14:29] {Alexs} triggered alraedy?

01[14:30] {&Threei}  no

01[14:34] {&Threei}  ok SPY... how about making it neat cute double top

01[14:34] {&Threei}  and dropping to about, say 163?

[14:34] {nemo} just like a lady lying on her back at the beach

[14:34] {Les} cute

[14:35] {dptl} no no wait ..i am still long...:)

01[14:35] {&Threei}  long what?

[14:35] {dptl} amm...MAR ...from .77

01[14:36] {&Threei}  f*** it, you already had your profits

01[14:36] {&Threei}  our turn now

[14:36] {dptl} lol

[14:36] {ese} lol

[14:36] {Will49} spoken like a true despot

[14:36] {ese} alright i'm outta here IRM ain't doin nothin today....cay tomorrow

[14:37] {Will49} peace ese

01[14:37] {&Threei}  take care ese

[14:37] {ese} tks will

[14:37] {ese} vad

[14:41] {Les} 40 break SDS .90 stop looks good

[14:42] {Les} big vol. dump on GDX at vwap resistance here .15

01[14:47] {&Threei}  TZA... add some fire, will ya?

01[14:48] {&Threei}  before anyone asks about target... my idea of SPY dropping to about 163 gives us 1:3 in TZA terms

01[14:48] {&Threei}  1:1

[14:48] {jdetente} there it is

[14:49] {RonS} dino kors gone pulp...

[14:49] {nemo} the MA spy has been obeying today is at .15

[14:53] {dino} hmm

[14:55] {dino} kors sm l .51

01[14:57] {&Threei}  sigh

01[14:57] {&Threei}  just a scalp

01[14:58] {&Threei}  another pearl from nemo's comrade: http://www.humormeetscomics.com/wp-content/uploads/2013/05/hate2.gif

[15:00] {dino} hod

[15:02] {dino} bee spike

[15:02] {+cc_9} major snap back on SPY

[15:03] {nemo} wow....amazing observation

[15:03] {nemo} sorry, not really

[15:03] {nemo} it's getting bad...you're not even Les

[15:05] {nemo} as a quasi-non-sequitur, any "Downton Abbey" watchers out there?

[15:05] {Les} take yer meds Nemo

[15:06] {Will49} sorry nemo, made a promise never to admit it

[15:06] {nemo} oh, o.k.

[15:06] {nemo} do you recognize Lord Grantham?

[15:07] {RonS} bee

01[15:07] {&Threei}  BEE Said to have hired an advisor to explore potential sale of the company

[15:07] {nemo} weekly pivots seem to be the target on spy iwm and fas

[15:07] {Will49} that's a trick question

[15:07] {dino} ty ron, out kors .91, +.40

01[15:07] {&Threei}  AIG

01[15:07] {&Threei}  wathing for reversal

[15:08] {nemo} wish I were here this morning, all you had to do was buy the 50 day on the SPY

[15:08] {+cc_9} called here this AM, market goes up ahead of opex tomorrow.

[15:08] {dino} c took all day, stop to .90

[15:08] {nemo} bounce at the 50 had your back too

01[15:10] {&Threei} Short Setup: AIG  .60 break

01[15:10] {&Threei}  If holds  .65 

[15:11] {dino} out c .00, +.50

[15:11] {Les} placed an order for series 1 of Downtown Abbey Nemo been meaning to see it

01[15:11] {&Threei}  wtg

[15:11] {Les} found it for a buck

[15:11] {Les} 2nd hand

01[15:11] {&Threei}  Invalidated  

[15:12] {nemo} it's on netflix, and the other seasons are on Amazon...if you have amazon prime you can watch it for free

[15:12] {nemo} although, amzn hasn't got streaming video down yet

[15:12] {Les} need subtitles for the missus. and download services are pretty limited in Europe

[15:13] {Les} we don't television installed so...

[15:13] {Les} AIG might find ressitance here

[15:13] {nemo} I watch it on one of my monitors

01[15:14] {&Threei} Short Setup: AIG  .70 break

[15:14] {Les} been a while since found good series drama

01[15:14] {&Threei}  If holds  .75 

[15:14] {nemo} this is incredible

01[15:15] {&Threei}  Invalidated  

[15:18] {nemo} clould argue index shorts here with stops above the high

[15:18] {nemo} scalps until proven otherwise

01[15:19] {&Threei}  valid again

01[15:19] {&Threei}  stop .80 of course

[15:19] {nemo} 163.40 spy 98.05 iwm 65.30 fas possible targets

[15:20] {nemo} volume ain't convincing though

[15:20] {dino} mygn drop

[15:23] {nemo} of course, do they want to bust stops above 164

[15:23] {nemo} same with 66 on fas

01[15:24] {&Threei}  annoying

[15:24] {nemo} Les?

[15:24] {Les} probably

[15:24] {+cc_9} I am thinking major EOD rape

[15:24] {+cc_9} market not letting go, at all

[15:24] {nemo} ever see "Blazing Saddles"?

[15:25] {nemo} the interviews for the gang?

[15:26] {Les} someone reply yes so he shuts up

[15:27] {nemo} I've got nothing else to add to that inquiry

[15:27] {nemo} Les...was "One Flew over the Cuckoo's Nest" one of your favorite movies?

[15:27] {Les} sure

[15:27] {nemo} thought so

[15:28] {Les} me like lobotomy

[15:28] {Will49} heeeeeers les!

[15:28] {nemo} that was "The Shining"

[15:28] {Les} uh wrong

[15:28] {Will49} oh yeah

[15:28] {+cc_9} next move on the 164 tag is critical for EOD

[15:28] {+cc_9} profit taking or more rampage into tomorrow's opex

[15:29] {nemo} gap fill above?

[15:29] {+cc_9} question I am willing not to put my money on to find out

[15:29] {Les} Yoda fan I see you are cc

[15:29] {dino} lol

01[15:29] {&Threei}  die market here must

[15:30] {RonS} lol

06[15:30] * Les smacks Vad with daily copywrite on Yoda

[15:30] {nemo} yeah, you separated the object of the preposition

[15:30] {RonS} lol

[15:30] {Les} SDS in a sweet spot if it reverses here

01[15:30] {&Threei}  I spoke Yoda before Yoda spoke Yoda

[15:30] {Will49} lol

[15:30] {Les} oh write, vad english

[15:31] {nemo} Vad, you were a teenager then

[15:31] {Will49} Yodka too eh vad?

01[15:31] {&Threei}  lol

[15:31] {nemo} amazing, IWM basically recovered everything

[15:31] {nemo} they all did

[15:32] {Alexs} jpm long .05?

[15:32] {nemo} no longs..imo

[15:32] {Les} look at Nekkei and sP futures perfect DB's

[15:33] {nemo} after this run, the likelihood is the other way

01[15:33] {&Threei}  yeah, at this point it's a closing short or sit it out

01[15:33] {&Threei}  JPM is 54 short if anything

01[15:33] {&Threei}  off double top at 54.10

[15:35] {+cc_9} lol @ headfake

[15:35] {+cc_9} fade takes 5 candles, bounce takes half a candle and 10 seconds

[15:35] {nemo} yeah, this is amazing

[15:36] {+cc_9} about to tag shorts at 164

[15:36] {+cc_9} brutal

[15:36] {nemo} BOHICA!!!!

01[15:36] {&Threei}  ursine sodomy?

[15:36] {Les} surprise surprise 15 min MACD ready to roll over in the morning

[15:36] {Will49} lol

[15:36] {nemo} such productive additions I've made to the blog's vocabulary

01[15:37] {&Threei}  we appreciate the contribution

[15:37] {nemo} this is set up for the classic bid pull

[15:37] {nemo} frankly, don't want to be in anything here

[15:38] {+cc_9} triple top on 1min SPY, volume picking up

[15:38] {+cc_9} breakout to 164 and more short covering

[15:39] {jdetente} this is a time to watch

[15:39] {jdetente} and watch only

01[15:39] {&Threei}  now sharp drop to trap new buyers would be nice

[15:39] {nemo} those are big boy bars on the spy

[15:40] {nemo} iwm is above yesterday's high

01[15:40] {&Threei}  really hate these clow climb days

[15:40] {jdetente} slow climbs even

01[15:41] {&Threei}  yeah, that

[15:41] {backman} GDX having a strong finish

01[15:41] {&Threei}  (US) WSJ's Hilsenrath: Fed is likely to push back against market expectations for a rate increase

01[15:41] {&Threei}  this propped this last push

[15:41] {+cc_9} i dont think we see any sharp drop Vad

[15:41] {+cc_9} the rape train goes only 1 way 

[15:42] {Alexs} JPM 1:1

[15:42] {nemo} God bless ya' Alex, but the probabilities were against you

[15:42] {jdetente} all aboard

[15:42] {jdetente} the train is boarding

[15:42] {+cc_9} slow grind slow grind, force people to slowly cover, then move the rape to over-drive

[15:42] {+cc_9} and force even faster shorting

[15:43] {nemo} we likely close that gap up around 165 tomorrow

[15:43] {+cc_9} why not today nemo

[15:43] {+cc_9} 15mins is a long time

[15:43] {Alexs} I didn't get it :)

[15:44] {+cc_9} not a single pullback on this last run

[15:44] {+cc_9} look @ volume last 15mins

[15:44] {nemo} yeah, that's amazing

[15:45] {+cc_9} no fade, no pullback, no breathing window if ur short

[15:45] {+cc_9} just lube

[15:46] {+cc_9} finally when you give up, throw the towel, then it fades

[15:46] {Les} not sure they're even offering lube

[15:46] {nemo} sand paper

[15:46] {Les} Sell in May just got screwed

[15:46] {nemo} sheesh, they're going for the gap fill today?!!!

[15:47] {+cc_9} no letting go nemo

[15:47] {+cc_9} max pain for opex tomorrow

01[15:47] {&Threei}  sell in may is pure unadulterated bs

[15:47] {+cc_9} that was the trick since pre-market

[15:47] {nemo} iwm has closed the gap

[15:47] {nemo} wow

[15:48] {+cc_9} if there is even a slight fade, it will be for a few cents

[15:48] {+cc_9} to give people false hope, then rape train goes in turbo mode

[15:48] {nemo} you like that word

[15:48] {+cc_9} its a long story...

[15:48] {Les} wondering why cc lives outside US jurisdiction

[15:49] {Will49} read all about you in an NSA leaked doc

[15:50] {+cc_9} any little fade, bounces right back

[15:50] {+cc_9} and the funny thing, is it won't take much volume to snap it back to highs

[15:50] {+cc_9} absolutely disgusting

[15:50] {nemo} no shorts in this area

[15:51] {+cc_9} only thing going on tomorrow is PPI

[15:52] {Will49} ?

[15:52] {+cc_9} Producer Price Index 8:30 AM ET

[15:52] {Will49} tks

[15:52] {+cc_9} Producer Price Index : PPI

[15:53] {+cc_9} http://www.bloomberg.com/markets/economic-calendar/

[15:53] {+cc_9} comes in handy

[15:53] {Will49} i wouldn't know what to do with the news anyway:)

[15:53] {dino} buy the dips. i've been saying it for weeks

[15:54] {Will49} have to wait for the gulag supervisor to tell me

[15:54] {nemo} yeah, wish I were here this morning, that SPY 50 day was a slam dunk

[15:54] {+cc_9} algo in full force on that last candle

[15:55] {+cc_9} 1.6M printed on 30 seconds

[15:56] {Les} nighty night

[15:56] {+cc_9} later folks

[15:56] {Will49} thanks for the entertainment, guys...see you tomorrow

[15:56] {Les} see how this finishes tomorrow

01[15:56] {&Threei}  thank you all, have a good evening

01[15:56] {&Threei}  see you tomorrow

[15:56] {stevw} have a good night all

[15:57] {dino} gn all, thx for ideas, good day

June 12 2013

Still a slow day but better than yesterday, and more profitable too. Several 1:2 trades helped to move up from pure scalping.

Session Time: Wed Jun 12 00:00:01 2013

[09:05] {dino} gm
[09:05] {cipher} gm
01[09:07] {&Threei}  morning dino, cipher :)
[09:11] {dptl} gm
01[09:11] {&Threei}  dp :)
[09:13] {stevw} g'mornin
01[09:13] {&Threei}  stev :)
[09:16] {Will49} gm
01[09:17] {&Threei}  will :)
[09:17] {Alexs} gm
01[09:17] {&Threei}  alex :)
[09:21] {backman} gm
01[09:22] {&Threei}  bman :)
[09:23] {jdetente} morning
[09:23] {RonS} howdy
01[09:24] {&Threei}  jd, ron :)
01[09:24] {&Threei}  my kind of salad: http://goo.gl/3RMXi
01[09:25] {&Threei}  not sure what that green thing is doing in the middle
01[09:25] {&Threei}  but thankfully easy to remove
[09:25] {Will49} :)
[09:26] {Will49} hope there's some sizzle in the markets this morning
01[09:26] {&Threei}  FCX largish gap down
01[09:27] {&Threei}  in decently strong market
01[09:27] {&Threei}  incident in Indonesia
01[09:27] {&Threei}  in training facility, not mining operation
01[09:28] {&Threei}  not really fresh either, just an update on the state
[09:28] {dino} force majeure in indonesia mine, fcx
01[09:29] {&Threei}  watching for bounce
01[09:29] {&Threei}  GLD red, GDX barely green
[09:29] {dino} gap around 28.75
01[09:29] {&Threei}  guess what I am watvhing it for {G}
[09:30] {ese} morning
01[09:30] {&Threei}  ese :)
[09:30] {ese} just in time
01[09:30] {&Threei} Short Setup: GDX  .10 break
01[09:31] {&Threei}  If holds  .20
01[09:33] {&Threei}  let's trail to .16
01[09:33] {&Threei}  don't want to get caught in morning volatility
[09:34] {dino} out tlk from yesterday, ave .09, +.79
01[09:34] {&Threei}  wtg
01[09:35] {&Threei}  out
01[09:36] {&Threei} Long Setup:  FCX  .85 break
01[09:36] {&Threei}  If holds  .75
01[09:40] {&Threei}  stop to .79
01[09:41] {&Threei}  1:1
01[09:42] {&Threei} Short Setup: GDX  .30 break
01[09:43] {&Threei}  If holds  .37
01[09:44] {&Threei}  just a scalp, FCX...
01[09:47] {&Threei}  1:1 GDX
01[09:48] {&Threei} Long Setup:  IWM  98 break hl
01[09:49] {&Threei}  If holds  .90
01[09:49] {&Threei}  no go
[09:50] {jdetente} GDX needs a 2 x 4 to the head
[09:51] {stevw} GLD jumped
[09:51] {dino} dhi sm l .60
01[09:52] {&Threei} Long Setup:  CAT  .87 break hl
[09:53] {dino} ecom drop
01[09:54] {&Threei}  If holds  .77
01[09:56] {&Threei}  CAT, this one should be more than a scalp if triggers
01[09:56] {&Threei}  nice tension forms here
[09:57] {dino} iep sm l .90
01[09:58] {&Threei}  Invalidated
[09:59] {dino} out iep .24, +.34
[10:00] {dino} 07 red fast
01[10:01] {&Threei}  no news
[10:01] {Alexs} iwm was a rinse
[10:01] {dino} iep sm l .70
01[10:03] {&Threei}  FCX probably deserves a second shot, desirably on pullback
01[10:04] {&Threei} Long Setup:  FCX  .95 break
01[10:05] {&Threei}  change to .90
01[10:07] {&Threei}  stop .83
[10:09] {ese} out IRM .05 +.57
[10:09] {ese} 3/4
[10:10] {ese} decided to exit other 1/2 of yesterdays position
[10:11] {+cc_9} long SSO 78.96 for a reversal
01[10:11] {&Threei}  meh
[10:13] {jdetente} going to be a long day...breaking out the whiskey early hehe
[10:13] {ese} lol
01[10:14] {&Threei}  come on FCX
01[10:15] {&Threei}  this is just... indecent
[10:16] {jdetente} hate to say it but I put in a hard stop at .82... half out at .98
01[10:16] {&Threei} Short Setup: JPM  .50 break
01[10:16] {&Threei}  If holds  .60
01[10:16] {&Threei}  good for you, see if you can get 30 break
[10:17] {jdetente} taking full scalp...feels like that kinda day
01[10:17] {&Threei}  which was the idea from the beginning... to partial under 30 and wait for a break
[10:17] {jdetente} out
[10:17] {Will49} rule breaker:)
[10:18] {jdetente} guilty
01[10:18] {&Threei}  if you need an absolution, read 5 times 5th chapeter of Taoist Trader
[10:19] {jdetente} I'm always up for absolution...
[10:19] {jdetente} sometimes in trading too
[10:19] {Will49} that's not a brand of vodka jd
01[10:20] {&Threei}  lol
[10:20] {dino} out iep .13, +.43
[10:20] {jdetente} actually my new drink is Redemption Rye
01[10:20] {&Threei}  Invalidated  JPM
[10:20] {Will49} good ol Canadian standby=rye
[10:20] {jdetente} this one's American Rye (which I prefer)
[10:21] {Will49} of course
[10:21] {jdetente} I think it's 95% rye as opposed to the Canadian blends
[10:21] {Will49} knew you were a purist
[10:22] {+cc_9} SSO killing it
[10:22] {+cc_9} +$0.30
[10:23] {Will49} good call +cc
01[10:25] {&Threei} Long Setup:  IWM  .90 break
[10:25] {+cc_9} thx, screen shot }}} http://img526.imageshack.us/img526/3196/todayoe.jpg
01[10:25] {&Threei}  If holds  .80
[10:25] {backman} GDX??...break of .50?
01[10:26] {&Threei}  same idea as with FCX
01[10:26] {&Threei}  partial near 98 and wait for a break
01[10:26] {&Threei}  can't tell on GDX
01[10:29] {&Threei}  1:1 half out
01[10:30] {&Threei}  come on, don't be a scalp
01[10:31] {&Threei}  good boy
01[10:31] {&Threei}  now run forest, run
[10:33] {dino} eqix sm l ave .91
[10:34] {nemo} FAS amd SPY having trouble with vwap
01[10:34] {&Threei}  stop to .95
01[10:34] {&Threei}  trying to give last piece a little more breathing room
01[10:35] {&Threei}  in hope to get 1:3
[10:36] {dino} out eqix ave .27, +.36
01[10:36] {&Threei}  now break .10 and give us last spike
[10:38] {nemo} lulu
01[10:38] {&Threei}  get your tutu on?
[10:39] {nemo} mesodactyl Vad
01[10:39] {&Threei}  break already IWM
01[10:39] {&Threei}  it's so decisively reluctant
01[10:39] {&Threei}  oh well
01[10:39] {&Threei}  no such luck
01[10:39] {&Threei}  anyway, finally a decent one
[10:44] {Will49} decent=relative term
[10:44] {nemo} incest?
[10:44] {Will49} :)
01[10:45] {&Threei}  in the sea of scalps, 1:2 becomes a decent trade
[10:46] {nemo} falshing size on the bid lulu
01[10:46] {&Threei}  sure, you wouldn't give it a second look on a day when we have runners all around
[10:46] {Will49} guess that's what i meant
[10:46] {nemo} you talking to me?
01[10:47] {&Threei}  why would I do that if I have will?? {G}
01[10:56] {&Threei}  watching TZA for entry on pullback
01[10:59] {&Threei}  hmmm... maybe not, starts looking like reversal time
01[10:59] {&Threei} Long Setup:  TNA  .20 break
01[10:59] {&Threei}  If holds  .10
[10:59] {ese} I don't see nuthing i don't look at nuthing.....and I don't know nuthing today......I canna find nuthing to trade for me......
[11:01] {ese} I taught sumbooody tell me disss was a easy ehhhhhhh.......whaaaa issa da matter
[11:02] {RonS} sounds like ese got an injection of Deliverance on his visit to Tennessee...
[11:03] {jdetente} playing the banjo ese??
[11:03] {dino} lol
01[11:03] {&Threei}  wrong
[11:03] {ese} eh!!!!!! ron ehhhh!!!!   wahtsaaa fa mattaa foo you eh!!!!! whaa deee iever do fur you eeehhhhhh!
[11:04] {ese} lol
[11:04] {jdetente} https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEguCSmKS-Bfyqtca9JYNt6Kfn0r7Q_mjY2yMv0BEOji3u-xaSdPYsTtBHkwZjzmy3_CyP1nCn3OaAc9G2StTVVOsFFVSE6sNf2e1YDOkIGYK1z9s7LJKbAk63K4tPUhncUcCDe7n0qxabs/s1600/deliverance+banjo-boy-e1296452279364.jpg
[11:04] {RonS} the Cajuns have an excuse for such language...they're French
[11:04] {ese} what can i tell ya.................i like to laugh at my jokes
[11:05] {ese} I've got that album too.....it's fabulous
01[11:06] {&Threei}  ^%$#()^#
01[11:06] {&Threei}  SoMG
[11:07] {stevw} i like the .25 break on TNA and took it
[11:07] {jdetente} covered UVXY short from 73 + 1.00
[11:08] {ese} yo.....nice jd
[11:08] {jdetente} small shares but hey better than a kick in the head
[11:09] {ese} definitely.....i follow that etf but have never been able to play it properly
[11:09] {jdetente} did a reverse split this week 10:1
[11:09] {dino} ctq sm l .45
[11:10] {stevw} stopped
[11:12] {dino} wtg jd
[11:14] {Will49} jd...that's 2 broken rules already
[11:14] {Will49} you luck b^%$&**
[11:15] {Will49} just jealous
[11:15] {Will49} i grew up in a military family and can't bring myself to break ANY rules
[11:16] {Will49} so, I'm a perfect student for Vad:)
[11:16] {dino} xone drop
[11:20] {dino} iep sm l .63
[11:21] {dino} xone sm l .67
[11:22] {dino} out xone .00, +.33
[11:22] {RonS} lulu sm l .96
01[11:26] {&Threei} Long Setup:  FCX  .80 break
01[11:27] {&Threei}  If holds  .75
[11:28] {dino} out ctq .87, +.42
01[11:35] {&Threei}  half out
01[11:40] {&Threei}  anyone took it and still in?
[11:40] {Will49} yes
[11:40] {Alexs} just scalped
01[11:40] {&Threei}  stop .79
01[11:40] {&Threei}  partialed though Will?
[11:40] {Will49} yes
01[11:40] {&Threei}  ok...
01[11:41] {&Threei}  Alex doesn't take chances :)
01[11:41] {&Threei}  CAT *INCREASES DIVIDEND 15% TO $0.60 FROM $0.52
[11:41] {Will49} like you Vad..i'm always hoping
[11:42] {Alexs} don't have courage today :)
01[11:42] {&Threei}  careful will... nemo will bludgeon us both if suspects us of hoping
[11:43] {Will49} :)
01[11:43] {&Threei}  1/4 more out FCX
01[11:43] {&Threei}  this is rather good alex
01[11:43] {&Threei}  courageous traders rarely survive
01[11:43] {&Threei}  as saying goes...
01[11:44] {&Threei}  There are old pilots. There are bold pilots. There are no old bold pilots
[11:44] {Will49} lol
[11:44] {Alexs} lol
01[11:44] {&Threei}  and my favorite,
01[11:45] {&Threei}  tombstone ingraved: He was a brave trader
01[11:45] {&Threei}  engraved
01[11:46] {&Threei} Short Setup: LVS  .75 break
01[11:46] {&Threei}  If holds  .85
[11:47] {Will49} out on trail FCX  tks Vad
01[11:47] {&Threei}  yw
01[11:48] {&Threei}  Traders continue to position themselves in safer assets as QE tapering nervousness dulls risk appetite.
01[11:48] {&Threei}  1:1
[11:49] {dino} back in 30 or so
01[11:49] {&Threei}  we will be here dino
[11:51] {dino} thx
06[11:57] * &Threei trips LVS and pushes it from the cliff
[11:57] {jdetente} DOW falling into a black hole...lol
[11:58] {jdetente} I think you scared it yesterday Vad
01[11:58] {&Threei}  good
[11:58] {Alexs} you take full lot LVS now Vad?
01[11:58] {&Threei}  I like it when things fall
01[11:58] {&Threei}  on this last trade, yes
[11:59] {Alexs} i remember it was half lot always just tool it 1/2
[11:59] {Alexs} took
01[11:59] {&Threei}  1:2
01[11:59] {&Threei}  that's fine Alex, it's still a bit too volatile
01[12:00] {&Threei}  these days are significantly slower than usual, so I felt safer about taking full lot
01[12:00] {&Threei}  but there is always room for some discretion
[12:00] {Alexs} k
[12:01] {nemo} bpimce jere ;ole;u
[12:02] {nemo} bounce here likely
01[12:02] {&Threei}  you think?
01[12:02] {&Threei}  see this humpback guys? http://goo.gl/9FDBM
01[12:02] {&Threei}  exactly like the one I saw couple weeks ago off Sidney, told you about it back then
01[12:02] {&Threei}  haven't had my camera with me
[12:11] {Les} good evening
01[12:11] {&Threei}  hey les
[12:12] {Les} looks like market lower high from where I am
[12:12] {Les} volatility returned?
[12:12] {Les} or still slow as
01[12:12] {&Threei}  not fully back, but a bit better
01[12:13] {&Threei} Short Setup: LVS  .50 break
01[12:13] {&Threei}  If holds  .60
01[12:13] {&Threei}  at least enough to keep us positive and not as bored as yesterday
01[12:13] {&Threei}  vut still, most trades are scalps
01[12:13] {&Threei}  just two 1:2 ers
[12:14] {stevw} dammit, had LVS setup even before you mentioned it and then it blew right past me
01[12:14] {&Threei}  1:1
01[12:14] {&Threei}  anyone got it?
[12:15] {Alexs} yes ty
01[12:15] {&Threei}  :)
[12:15] {Will49} yes
[12:18] {stevw} taking C long at .35
[12:18] {backman} long FCX .82
[12:18] {+cc_9} Long SSO sub 78
[12:18] {+cc_9} 78.20 tgt aka SPY 162.40
[12:26] {backman} out .85....trades like it depends on GDX.....which feels toppy to me
01[12:26] {&Threei}  I agree, it lost the drive
01[12:27] {&Threei}  feels like a jellyfish hanging from the flsgpole in hot windless afternoon
[12:27] {Les} like GDX shoprt here
01[12:28] {&Threei}  .70 break
01[12:28] {&Threei}  ?
[12:28] {Les} yeh
01[12:29] {&Threei}  (GR) EU said to indicate that there is no chance for a new Greece debt haircut but other relief for Greece could be possible in 2014 - financial press- Reminder: on 6/11 EU's Rehn said it would also be premature to discuss more Greece debt relief at the moment, and Germany CDU party's Meister reiterated no new aid will be provided for Greece
01[12:29] {&Threei}  lol
01[12:29] {&Threei}  frikin bunch of imbeciles randomly diluted with liars
[12:29] {Les} not until September electoins are over anyway
01[12:30] {&Threei}  KS... give us an insight
01[12:30] {&Threei}  how does it look on the ground?
01[12:30] {&Threei}  he is asleep I guess
06[12:31] * &Threei slaps KSystems around a bit with a large election propaganda booklet
[12:32] {nemo} Alles gut in dem Vaterland
[12:38] {dino} .
[12:39] {stevw} stopped out of C
01[12:41] {&Threei}  B.C. is `in the risk zone' for mega-earthquake along the coast: study
01[12:41] {&Threei}  A new study says the Pacific coast has experienced 22 major earthquakes over the last 11,000 years, and is due for another.
01[12:41] {&Threei}  really? they needed a new study for that?
[12:43] {stevw} not sure how that adds anything to the same reports from 15 years ago
01[12:43] {&Threei}  key phrase that casn be decoded "fishing for a new grant":
01[12:43] {&Threei}  "Even though it could be tomorrow or perhaps even centuries before it occurs"
[12:44] {stevw} no offence, but if it happens soon, i'll rush in and buy some real estate at earthquake sale prices
[12:44] {+cc_9} SPY nearing tgt pps, scaling out SSO
[12:44] {+cc_9} wash rinse repeat : btfd
[12:45] {stevw} geez, C almost screwed me twice as it tempted me to go short after stopping out my long
[12:45] {ese} zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz cough.....gort .....zzzzzzzzzzz.......snet........gazip..........................ahhhhh hemm..........zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz
01[12:46] {&Threei}  stev, you underestimate our resilience: http://memegenerator.net/instance/38677945
01[12:46] {&Threei}  better one: http://cdn.memegenerator.net/instances/300x300/38677945.jpg
[12:46] {stevw} lol - such ambition
[12:47] {stevw} couldn't find a picture of someone wiping up their spilled tea at the Empress?
01[12:47] {&Threei}  lol
01[12:48] {&Threei}  ese, dp, will... saying daily prayer for no rain on Sat, June 22?
[12:48] {+cc_9} SPY @ 162.40 , all out SSO
[12:49] {ese} yup
[12:49] {+cc_9} P&L : http://img42.imageshack.us/img42/7745/todayxa.jpg
[12:49] {ese} sacraficing a goat as well
[12:49] {Les} thanks for the heads up cc took first break of .00 SSO missed DB here
[12:50] {ese} will drink the blood just to make sure
[12:50] {+cc_9} all good Les
[12:50] {dino} tol sm l .50
[12:51] {dino} apr. gap filled
[12:53] {+cc_9} there goes the bounce on SPY/SSO Les
[12:54] {Will49} as long as we don't have "the big one" on June 22
[12:54] {Will49} that would knock over the BBQ
[12:54] {dino} out iep .04 +.41
01[12:56] {&Threei}  but mine is brick-and-mortar, will... self-built
01[12:57] {&Threei}  russians know it as "mangal"
01[12:57] {&Threei}  specifically for shishkebab
[12:57] {nemo} mmhhh, index shorts setting up again
01[12:58] {&Threei}  careful nemo
01[12:58] {&Threei}  more likely little pullback before continuing crawling up
[12:58] {nemo} yesh, I realize we are in the hole, would only look for resistance shorts
[12:59] {nemo} iwm and SPY bounced at channel support and FAS at WS1 so we might be done for the day, but SPY might want to test 162 again
01[13:00] {&Threei}  TGT *RAISES DIVIDEND 19%
01[13:00] {&Threei}  what's with rush of raising dividends?
[13:00] {nemo} keep stock price up because retail earnings are starting to suffer
01[13:02] {&Threei}  *(US) TREASURY'S $21B 10-YEAR NOTE REOPENING DRAWS 2.209%; BID-TO-COVER RATIO: 2.53 V 2.79 PRIOR AND *(US) TREASURY'S $21B 10-YEAR NOTE REOPENING DRAWS 2.209%; BID-TO-COVER RATIO: 2.53 V 2.79 PRIOR AND 2.98 OVER THE LAST 6 REOPENINGS- Indirect bidders take 51.7% of competitive bids, with 33.2% allotted at high - 11.7% go to direct bidders; 36.6% go to dealers - Median 2.168%, Low 2.08%
[13:04] {dino} eqix sm l .64
[13:05] {dino} tlk sm l .20
01[13:06] {&Threei}  GDX 1:1 if anyone went for it
01[13:06] {&Threei}  on Les's call
01[13:07] {&Threei}  lol twitter:
01[13:07] {&Threei}  $LULU chart forming a patented "See-through bottom" pattern here
[13:07] {+cc_9} look @ SSO / SPY now hehe
[13:07] {stevw} nice one Vad
[13:08] {dino} lulu bohica pattern
[13:08] {Les} had to go club a steak at the supermarket for dinner vad. exited flat
[13:08] {Les} closing time here
[13:11] {Will49} lol dino
[13:12] {Les} wow what news lulu?
[13:13] {Les} they lost sales after quitting the transparent tutu business?
[13:13] {RonS} CEO leaving...announced yest...unexpected...LULU
[13:13] {RonS} lulu beat...
01[13:13] {&Threei}  several downgrades
[13:15] {dino} lulu beat and raised guidance. ceo resigning
01[13:15] {&Threei} Long Setup:  GM  .60 break
01[13:16] {&Threei}  from the Imbecile Land:
01[13:16] {&Threei}  (EU) ECB's Asmussen: Bank's pledge to do whatever it takes to defend the eurozone remains valid, the OMT has made the ECB the strongest player in the market
01[13:17] {&Threei}  is he really proud of this?
01[13:17] {&Threei}  yes:
01[13:17] {&Threei}  - Notes that the the phrase 'dont fight the Fed' can now be applied to the ECB - Source TradeTheNews.com
01[13:17] {&Threei}  mama...
01[13:18] {&Threei}  just how screwed up their thinking should be to say all this with pride
[13:19] {Alexs} stop on GM?
01[13:19] {&Threei}  few things will deliver me more pleasure than seeing this idiotic construct collapsing
[13:20] {dino} out tol .80, +.30
01[13:20] {&Threei}  under .50, standard
[13:21] {dino} out eqix .99, +.35
01[13:21] {&Threei}  no go
[13:28] {Les} GDX delivers slowly but surely... without me
01[13:28] {&Threei}  yeah, 1;2
[13:35] {stevw} how do you like the setup on FCX?  just kidding
[13:35] {stevw} browsing for opportunities and had to laugh at how boring it's been relative to lots of action elsewhere
[13:41] {nemo} http://bit.ly/13Y0abI
[13:44] {Les} frikin conservative
[13:45] {nemo} it's funny Les, especially because my local team is the Patriots
[13:45] {jdetente} so do you think Darth Belichick will turn Tebow into a decent NFL player again?
[13:45] {jdetente} if anyone can it would be him
[13:45] {nemo} he may not even make the team...no guaranteed money
[13:46] {jdetente} smart
[13:46] {RonS} Nemo... Cautiously Bullishly Optimistically Paranoid http://stks.co/fZDv  via @Upsidetrader $SPX
[13:47] {nemo} Meanwhile, the Stanley Cup Finals start tonight
[13:47] {jdetente} should be a great series
[13:47] {Les} more hindenburg shit
[13:47] {Les} omens etc
[13:51] {Les} LULU ready for next dive or time to catch the bounce. not sure
[13:53] {nemo} coh might be coming into short territory
[13:53] {Les} I like it
01[13:54] {&Threei}  http://www.ritholtz.com/blog/2013/06/hindenburg-omen-2/
[13:54] {nemo} here, and then 58 might be next level
[13:54] {+cc_9} Les
[13:54] {+cc_9} there goes SSO / SPY again
[13:55] {+cc_9} wash rinse repeat btfd
[13:55] {+cc_9} worst case scenario, you make money
[13:55] {nemo} dislocate shoulder  ;-)  Vad disease
01[13:56] {&Threei}  Most women desire someone who makes them laugh and feel safe, so basically clown ninja will do.
[13:56] {nemo} ;-)
[13:56] {+cc_9} i have yet to see an african american ninja
[13:57] {nemo} wasn't expecting that
01[13:57] {&Threei}  finally, time to buy FB:
01[13:57] {&Threei}  Facebook launches hashtags to let users add context and discover shared interests
[13:58] {stevw} shared interest = pathetic lives?
01[13:58] {&Threei}  that too
01[14:00] {&Threei}  *(US) MAY MONTHLY BUDGET STATEMENT: -$138.7B V -$136.5BE- Receipts: $197.1B v $180.7B y/y - Outlays: $335.9B v $305.3B y/y
[14:01] {dino} stop tlk .09, -.11
[14:01] {RonS} sequester devastating outlays, eh?
01[14:01] {&Threei}  uhhu
01[14:02] {&Threei}  so they collected 17 B more in taxes
01[14:02] {&Threei}  and spent 30B more
01[14:02] {&Threei}  and they tell us they will balance the budget at some point in ther future?
[14:03] {Les} hope for a better future
[14:05] {Will49} slow day question
[14:05] {Will49} what will stop the powers that be keeping this up for years?
[14:06] {Will49} from keeping this...
[14:06] {Will49} or decades?
[14:06] {dino} term limits
01[14:06] {&Threei}  well, you can't expand balance sheet endlessly
[14:06] {Will49} why not?
[14:06] {dino} yeah, just ask greece
01[14:06] {&Threei}  change in political climate is one thing
01[14:07] {&Threei}  loss of bodn buyers confidence is another
01[14:07] {&Threei}  bond
[14:07] {Will49} won't central banks buy the bonds?
01[14:07] {&Threei}  to a degree
01[14:07] {&Threei}  but that ends too
01[14:07] {&Threei}  as dino said...
[14:08] {dino} jobs drop
01[14:08] {&Threei}  if it were possible, we wouldn't have Greece situation
[14:08] {Will49} dino...doesn't congress have to vote for term limits?
[14:08] {dino} yes
01[14:08] {&Threei}  financing yourself by moving money from right pants pocket to left works only so long
[14:08] {Will49} so it'll never happen
[14:08] {dino} will never happen
01[14:09] {&Threei}  financing by pure printing press too
[14:09] {Will49} that's just a theory Vad
01[14:09] {&Threei}  basically this is music chair game
01[14:09] {&Threei}  not really
[14:09] {Will49} we are in uncharted waters here
01[14:10] {&Threei}  it's historically confirmed
01[14:10] {&Threei}  name me one country in history that survived by financing itself this way
[14:10] {Will49} so the only question is when?
[14:10] {Will49} not if
01[14:10] {&Threei}  if it were possible, where would any financing problem come from at all?
01[14:10] {&Threei}  everyone would print all they need and live happily
[14:11] {Will49} USA
01[14:11] {&Threei}  it is a matter of when, yes
[14:11] {Will49} so could be 50 years
01[14:11] {&Threei}  if nothing changes in policy, and it continues at this rate? no
[14:12] {Will49} not convinced
[14:12] {Will49} but afraid
[14:12] {ese} ok.....have done enough watchin for today....cyou all tomorrow
[14:12] {Will49} peace ese
[14:12] {ese} cya will
[14:13] {dino} don't fear it will, just react to it
[14:13] {Will49} peace order and good government:)
[14:13] {Will49} good advice dino
[14:13] {Les} lulu says down. too busy to grab setups today
[14:13] {Les} COH looks interesting for short here
01[14:14] {&Threei}  see will... it's difficult to envision when things look so traditionally stable for so long
01[14:15] {&Threei}  but if you lived through one society collapse, you gain different perspective
[14:15] {Will49} I'll bet
01[14:15] {&Threei}  when the findation is rotten and no one does anything to change it, moment comes and it falls apart with unimagihable speed
01[14:16] {&Threei}  I of course don't know how it looked from the outside,
01[14:17] {&Threei}  but from inside, USSR collapse was something no one couild imagine short few years before it happened
[14:17] {Les} COH bb's tightening at vwap resistance new move coming watching for setup
01[14:17] {&Threei}  USA has much better chance to avoid it though
01[14:18] {&Threei}  thanks to EU being first to fall apart and if US plays its cards right
[14:18] {dino} jobs sm l .57
[14:18] {Will49} that's my thinking...if they buck stays as reserve currency. who can hurt them?
01[14:19] {&Threei}  they'll hurt themselves if they don't change the course
[14:19] {Will49} and everybody else just follows along
01[14:19] {&Threei}  reserve or not, you need financing
01[14:19] {&Threei}  right now it comes from borrowing
[14:19] {Will49} print
01[14:19] {&Threei}  if nothing changes, sooner or later that will expire
[14:19] {Will49} my guess is later, a lot later
01[14:20] {&Threei}  printing is inflation, printing at the rates replacing borrown is hyperinflation
[14:20] {Will49} the elite won't let this slip thru their fingers
[14:20] {dino} iep sm l .22
01[14:20] {&Threei}  if borrowing dries up, troubles are unavoidable
01[14:20] {&Threei}  elite is not allmighty...
[14:20] {Will49} just keep feeding the big consumption machine
[14:21] {Will49} anyway, I guess we're beating a dead horse here
[14:21] {Will49} nobody knows
01[14:22] {&Threei}  nope, but the scary thing is:
01[14:22] {&Threei}  it includes Ben and company :)
[14:22] {Will49} good point
01[14:22] {&Threei}  they've no idea either
01[14:22] {&Threei}  and make it up as they go along
[14:22] {Will49} working so far
01[14:23] {&Threei}  only in a sense of putting out immediate fires
[14:23] {Will49} i'm not defending this....just my observations")
01[14:23] {&Threei}  basement is still smoldering
[14:26] {dino} iep stop -.34
[14:28] {nemo} vxx might be at inflection, if it breaks out above the high we go down some more, if it stats to come in, we go up probably
01[14:29] {&Threei} Short Setup: GLD  .24 break
01[14:29] {&Threei}  If holds  .35
[14:29] {nemo} might be a vwap bounce in the .20 area
[14:30] {dino} iep rinsed
[14:30] {nemo} vxx coming in a bit
[14:30] {dino} re-load .20
[14:34] {backman} JPM  got crushed today
[14:36] {dino} c too
[14:40] {dino} out jobs .92, +.38
[14:40] {dino} opps, +.35
01[14:42] {&Threei}  1:1
[14:53] {Les} decent volume coming in as COH hits 58 resistance
01[14:54] {&Threei}  will we get 1:2?
01[14:54] {&Threei}  because what I am really after is 1:4
01[14:54] {&Threei}  1:2
01[14:54] {&Threei}  trailing to .21
[14:56] {nemo} big boy volume in SPY
[14:57] {Les} http://www.spiegel.de/international/germany/berlin-lays-cornerstone-on-controversial-palace-project-a-905366.html
[14:57] {Les} looks like easy money problems reaching the heart of Europe
[15:01] {nemo} off to a wake and funeral in the morning  have a wonderful day
[15:01] {Will49} you too
[15:02] {Les} cheers bunny boy
[15:03] {dino} take care nemo
01[15:04] {&Threei}  come on GLD, die more
[15:05] {dino} iep getting crushed
[15:06] {stevw} die more - rejected as a bruce willis movie title
[15:06] {Will49} haha
01[15:07] {&Threei}  ummm... die harder?
[15:07] {stevw} there we go
01[15:07] {&Threei}  last installation is sirely disappointing
01[15:07] {&Threei}  sorely
[15:09] {stevw} is it true viagra tried to get product placement in die harder?
[15:09] {Les} hehe
[15:09] {dino} lol
01[15:10] {&Threei}  lol
[15:10] {Will49} good one stev
[15:10] {jdetente} hahaha
[15:10] {stevw} one a day for me - so i guess that was it
[15:10] {jdetente} do a Costanza...
[15:11] {jdetente} leave on a high note.
[15:11] {stevw} love it
[15:17] {dino} fast fall
[15:19] {dino} builders hold well today, tol, dhi, len, etc
[15:22] {dino} iep sm l .85
[15:29] {dino} out iep .19, +.34
[15:29] {Will49} dino the energizer bunny
[15:30] {dino} just doing my job. don't want to get fired
[15:35] {Les} potential db iwm
[15:35] {Les} higher low spy
01[15:38] {&Threei}  trail to .18
[15:39] {Les} scmall inverse cup and handle iwm
[15:39] {dino} eqix sm l .65
[15:41] {dino} lulu bottom may be in. been moving up
[15:41] {dino} alk holds well
[15:45] {dino} bks drop
[15:46] {+cc_9} ok folks
[15:46] {+cc_9} see you all tomorrow
[15:46] {Will49} cheers
[15:46] {dino} out eqix .95, +.30
[15:47] {dino} wtf, way too soon
01[15:48] {&Threei}  ok guys, thank you all
[15:48] {Les} cheersd
01[15:48] {&Threei}  have a great evening, see you tomorrow
[15:48] {jdetente} have a good one
[15:48] {dino} yeah, running out of time, thx all, good day. appreciate the ideas
[15:49] {Will49} peace everybody

June 11 2013

Positive day but so slow, it felt like great effort was needed to wake up and push entry button. Jokes about heavily sedated one-legged snail in molasses reigned. 

Session Time: Tue Jun 11 00:00:00 2013
[08:46] {+cc_9} GM folks
[08:46] {nemo} oops, somebody fat fingered lulu
[09:01] {stevw} ceo or cfo - somebody big - stepping down from lulu
01[09:01] {&Threei}  good morning
01[09:02] {&Threei}  hmmm... he found out contractual obligation to wear LULU pants in the office?
[09:02] {stevw} she - but i can't speak for how she looked in them
[09:12] {dptl} gm
01[09:12] {&Threei}  dp :)
[09:13] {cipher} gm
01[09:13] {&Threei}  cipher :)
[09:13] {Will49} gm
01[09:13] {&Threei}  will :)
[09:18] {Alexs} gm
01[09:18] {&Threei}  alex :)
[09:18] {jdetente} mornin' fellas
01[09:19] {&Threei}  jd :)
[09:19] {backman} gm
[09:19] {RonS} mornin' ladies
[09:20] {Will49} woke up on the wrong side this morning Ron?
01[09:21] {&Threei}  bman, ron :)
[09:29] {nemo} BREAKING NEWS OUT OF GEORGIA: CONFIRMED EXPLOSION REPORTED AT ATLANTA AIRPORT. AIRPORT BEING EVACUATED. EMERGENCY PERSONNEL
01[09:30] {&Threei} Short Setup: GDX  .35 break
01[09:30] {&Threei}  If holds  .42
01[09:32] {&Threei}  nope
01[09:34] {&Threei} Short Setup: JPM  .30 break
01[09:34] {&Threei}  If holds  .40
[09:35] {jdetente} Nemo, is that from the AP?
[09:35] {ese} morning forgot to sign in
[09:35] {nemo} was on my twitter feed
01[09:35] {&Threei}  ese :)
01[09:35] {&Threei}  in my newsfeed also
[09:36] {jdetente} I haven't seen it anywhere...weird
01[09:36] {&Threei}  9:21:04 AMvar insert_time = new Date("06/11/2013 09:21:04 AM"); if (GetConvertTime()) insert_time = ServerTimeToLocal(insert_time); $("#divStoryInsertTime").text(insert_time.toLocaleDateString() + " " + insert_time.toLocaleTimeString()); (US) Hearing local press reports regarding an explosion in a maintenance shed at Atlanta's Hartsfield-Jackson Airport; area is being evacuated- Reports indicate no fire and no smoke following explosion in a maintenance shed at Atlanta Airport's Concourse D.
01[09:37] {&Threei}  oops
[09:38] {+cc_9} Monster start of the day :D }} http://img59.imageshack.us/img59/5627/qcorshortentry.jpg
01[09:38] {&Threei}  1:1
[09:39] {ese} back in IRM .48
[09:39] {ese} L
[09:40] {ese} got stopped out yesterday
01[09:41] {&Threei}  watching TZA for reversal
01[09:43] {&Threei}  32 break feels like trap, waiting
01[09:45] {&Threei}  ditto for .90
[09:49] {jdetente} "feeeeelings, nothing more than feelings"
01[09:50] {&Threei} Long Setup:  TZA  .80 break
01[09:50] {&Threei}  If holds  .70
01[09:50] {&Threei}  still no
[09:52] {dino} lulu sm l .75
[09:53] {dino} wage sm l .75
01[09:53] {&Threei} Short Setup: IWM  .60 break
[09:53] {dino} tlk sm l .31
01[09:53] {&Threei}  If holds  .70
01[09:54] {&Threei}  changer to .65 break
01[09:55] {&Threei}  If holds  .75
01[09:56] {&Threei}  stop to .71
[09:56] {nemo} finnies come in a little should be good to at least .40
01[09:56] {&Threei}  1:1
[09:58] {+cc_9} CTSH reversing
[09:59] {ese} 1/2 IRM ya blighter ya!!! .72 +.24
01[09:59] {&Threei}  *(US) APR WHOLESALE INVENTORIES M/M: 0.5% V 0.2%E; WHOLESALE SALES M/M: 0.2% V -0.1%E
[10:00] {ese} hmmmmm things still kinda improvin
[10:00] {nemo} month over month not good
[10:01] {ese} slow recovery is good......makes things stronger over the long term
[10:01] {nemo} inventories increasing can be bad, means they're not selling
[10:01] {ese} can't disagree with that fact
[10:01] {nemo} potentially means they overestimated demand
[10:02] {ese} the fools!!!!! how could they do that
01[10:02] {&Threei} Short Setup: LVS  56 break hl
01[10:03] {&Threei}  If holds  .10
01[10:05] {&Threei}  1:1
[10:05] {ese} dramatic last statement don't you think.........................gives me a sense of importance......I like that
[10:05] {nemo} oy boy
01[10:05] {&Threei}  was very nice of it to come back and pick us up
[10:05] {ese} lol
[10:06] {jdetente} another day of the scalp?
01[10:06] {&Threei}  will anything be good formore than a scalp?
[10:08] {jdetente} TZA rinsed us too...grrr.
01[10:08] {&Threei}  SoMG
[10:08] {jdetente} that needs to go in the glossary. hehe
[10:11] {dino} adding lulu july calls
[10:15] {dino} out wage .79, +1.04
[10:16] {Will49} hooray!
[10:16] {ese} If IRM gets by 29.20 ....skys the limit me thinks....or at least until 34.00
[10:16] {dino} lucky
[10:16] {ese} whoa.....nice one dino
[10:16] {nemo} thought it was quiet...guess who's not here?
[10:16] {Will49} always the optimist ese
01[10:16] {&Threei} Long Setup:  CAT  .45 break hl
[10:17] {ese} I do believe skill is the optimal word here dino
01[10:17] {&Threei}  If holds  .35
[10:17] {ese} always will always................ya don't get out of this world alive anyhow so ya might as well be positive about it
[10:17] {Will49} bet you voted liberal
[10:18] {Will49} :)
[10:18] {ese} I might have ......WHY?
[10:18] {Will49} taking a survey
[10:18] {jdetente} gathering intel Will??
01[10:18] {&Threei}  well, it seems to come handy at some point jd :)
[10:19] {ese} ya sure..........i've heard that i'm taking a survey comment before....who do ya think yer foolin
[10:19] {nemo} he votes liberal by default
[10:19] {Will49} wnna know who my friends are:)
[10:19] {Will49} wanna
[10:19] {ese} lol
01[10:19] {&Threei}  when have a min, read this: http://kottke.org/13/06/you-commit-three-felonies-a-day
[10:20] {nemo} Congress commits that many by getting out of bed
01[10:22] {&Threei}  1:1
[10:23] {robbers} Out CAT, thanks.
[10:24] {Will49} me too...two in a row..yippeeeeee
01[10:24] {&Threei}  call me stubborn... but I still hope for more
[10:24] {ese} thats an interesting argument......
[10:24] {Will49} hope springs eternal
[10:25] {Will49} don't sound like a liberal Vad :)
[10:25] {jdetente} I took out 3/4 at 1:1 this time...but hoping for more
[10:25] {ese} what say ye all friends south of the border?
[10:25] {Will49} oh oh say can you see?
[10:25] {nemo} invade Canada
[10:26] {ese} nice....i'll put the tea on
[10:26] {Will49} get our dirty oil before the Chineses do
[10:26] {nemo} you're an expat, you die first
[10:26] {dino} buy the dips
[10:26] {ese} rotflol
[10:26] {dino} c sm l .00
[10:26] {ese} damn.....don't do that nemo.....I almost spit my coffee out
01[10:27] {&Threei}  1:2... can't believe it
[10:27] {jdetente} woot woot
01[10:27] {&Threei}  now, someone here called me a lioberal while I was preoccupied?
[10:27] {nemo} wow
[10:28] {dino} out eqix ave .14, +.99
[10:28] {+cc_9} C starter long position on 49.80 test
01[10:28] {&Threei}  are we going for 1:3 or what
[10:28] {Will49} was on a tour of Hanford Nuclear installation several years ago. veryone but me had a blue nametag. I had a yellow tag. I ask why and tour guide said, you're a Canadian, we shoot you first
[10:28] {jdetente} I'm out CAT, thanks Vad
01[10:28] {&Threei}  yw
[10:29] {ese} lol
[10:29] {jdetente} nice one Will
[10:29] {Will49} :)
01[10:29] {&Threei}  yessss
[10:29] {ese} with friends like that........?
[10:29] {jdetente} there's yer 1:3
01[10:29] {&Threei}  1:3 baby
01[10:29] {&Threei}  out
[10:29] {jdetente} day getting brighter...sun shining and all that rot
[10:30] {jdetente} :)
[10:30] {ese} nice one vad.............at lteast someone is playing the mrkt
01[10:30] {&Threei}  wow... 1:4
[10:30] {robbers} CAT in the hat comes back.
[10:30] {dino} ese, you miss eqix?
01[10:30] {&Threei}  that was 3 in the row
[10:31] {ese} yes..........jus riding my 3/4 lot of IRM here
[10:31] {dino} took .99 out of it
[10:31] {+cc_9} C so far so good, tgt 50.37
[10:31] {ese} nice
[10:32] {ese} you can pay for golf when i get down there one day
[10:32] {dino} some day
[10:33] {Will49} good name for a reality trader
[10:33] {+cc_9} CTSH 64.20s slow and steady
[10:33] {dino} tol sm l .40
[10:33] {ese} Harbour Town and Kiawa Island on the bucket list
01[10:40] {&Threei}  guess who is on TV
[10:40] {nemo} P
[10:41] {nemo} Les?
01[10:41] {&Threei}  not P
[10:41] {nemo} P looks short
[10:41] {nemo} Barry Soetero?
[10:41] {Will49} lol
[10:41] {ese} huh ? whos that?
[10:41] {nemo} Name Obama used to go by
[10:42] {nemo} musicians
[10:42] {ese} your kidding
[10:42] {+cc_9} C so far so good
[10:42] {nemo} no...that was his stepfather's last name
[10:42] {robbers} Vad's on TV, new show: "Trading With The Stars".
[10:42] {ese} rotflol
[10:42] {nemo} P looks short below .50
[10:42] {ese} awesome
[10:42] {Will49} +1 robbers
[10:42] {nemo} we
[10:43] {nemo} re gpmma gp greem
[10:43] {nemo} we're gonna' go green
[10:43] {ese} yup
[10:43] {nemo} ese's a Red
[10:43] {ese} ouch man
[10:43] {ese} what'd i ever do
[10:44] {Will49} voted lib
[10:44] {nemo} you were born
[10:44] {ese} other than support you when the whole rest of the board is against you
[10:44] {Will49} cruel
01[10:44] {&Threei}  ese... you misread nemo
[10:45] {ese} ahhhhh wiat a minute.....thats me leading the board against you............forget what i just said
01[10:45] {&Threei}  when the whole board is against him, all he needs is congratulations, not support
[10:45] {nemo} ;-)
[10:45] {ese} lol
01[10:45] {&Threei}  it's when everyone hugs him...
[10:45] {nemo} drives me apeshit
[10:45] {ese} eeeeekkkkkk!
[10:47] {nemo} sheesh IWM leading SPY both in upward channel, but finnies weak
[10:47] {nemo} they look like they're coming in
01[10:48] {&Threei}  watching IWM for pullback entry
[10:52] {nemo} that was fun...internet hiccup
[10:52] {robbers} Are you sure it wasn't a fart?
[10:52] {stevw} don't you love the adrenalin rush?!
[10:53] {nemo} not at my age
[10:53] {Will49} nemo needs more blood flow in certain places at his age
[10:53] {nemo} and more alcohol flow in others
[10:57] {jdetente} dangit...tried to short a small position of UVXY at 65.80. NO shares available.
[10:57] {jdetente} missed a buck on that short
01[10:57] {&Threei}  crap, missed IWM
01[10:57] {&Threei}  98 was it
[10:58] {Will49} turn off dancing with the stars and pay attention Vad :)
01[10:58] {&Threei}  lol
01[11:02] {&Threei} Short Setup: IWM  98 break hl
01[11:06] {&Threei}  still valid
[11:07] {dino} gnmk sm l .99
[11:09] {RonS} Leerink negative on Genmark Diagnostics $GNMK
[11:10] {+cc_9} CTSH :D
[11:10] {+cc_9} needs to crack that .40 bid
[11:11] {backman} IWM still good, yes?
01[11:12] {&Threei}  yeah
[11:14] {dino} gnmk stop .69 -.30
01[11:14] {&Threei}  not anymore
[11:14] {jdetente} going green
[11:15] {dino} gnmk sm l .00
[11:15] {+cc_9} CTSH here we go now
[11:19] {backman} odd that JPM is stronger than C
[11:19] {dino} out gnmk .49, +.49
[11:19] {nemo} spy barely trading
[11:20] {dino} reload .03
[11:21] {Will49} dino=gunslinger
[11:21] {Will49} .38 is a spread dino, not a gun
[11:22] {robbers} LOL.
[11:22] {RonS} dino= sniper in an Abrams tank
[11:22] {Will49} yes
[11:24] {dino} stop .70 -.33
[11:25] {dino} vips spike
[11:25] {Will49} left a hatch open
[11:25] {dino} gnmk sm l .40
[11:26] {+cc_9} C / CTSH : 2/2 both running in tandem
[11:26] {dino} stop .10, -.30
[11:28] {+cc_9} not sure if I said this ticker today yet, but here it goes : CTSH
[11:28] {dino} last try sm l .69 gnmk
[11:29] {dino} out c .44, +.44
[11:29] {+cc_9} nice dino
[11:29] {Will49} balls of steel
[11:30] {Will49} will=jealous
01[11:30] {&Threei} Short Setup: GDX  .35 break
[11:31] {+cc_9} CTSH .60s killed it
[11:31] {jdetente} and there's the green on the DOW
01[11:31] {&Threei}  change GDX to .40 break
01[11:32] {&Threei}  If holds  .45
[11:33] {nemo} ctsh headed to 65 area
[11:34] {dino} gnmk stop .29 -.40
[11:35] {dino} sm l .04
[11:37] {dino} that thing is messed up
[11:38] {RonS} whodathunk the Leerink stink is real...
[11:50] {jdetente} if GDX rinses I am going to be displeased...
[11:58] {Alexs} are you still in GDX Vad?
01[11:59] {&Threei}  no
[11:59] {Alexs} make sense .35 entry?
01[12:02] {&Threei}  it dies, chart wise...
01[12:02] {&Threei}  does
01[12:03] {&Threei}  just hard to tell at this time
[12:03] {Alexs} yeah looks very slow
[12:14] {+cc_9} Trailing CTSH, not a single pullback yet
[12:14] {+cc_9} 15min chart is just juice
[12:15] {Alexs} IWM short .30?
01[12:16] {&Threei}  same Alex
01[12:16] {&Threei}  right chart
01[12:16] {&Threei}  the rest, I am not sure
[12:16] {Alexs} lol
03[12:18] * Retrieving #discussions modes...
[12:20] {backman} ss JPM .85
[12:23] {+cc_8} jeff g in the house
01[12:23] {&Threei}  IWM works
01[12:23] {&Threei}  you took it Alex?
[12:23] {Alexs} yes small lot
01[12:23] {&Threei}  1:1
01[12:25] {&Threei}  Paulson & Co issues investor letter; recommends clients remain in the Gold fund
01[12:25] {&Threei}  oh boy
01[12:25] {&Threei}  probaly hurting as hell
01[12:25] {&Threei}  - Notes Gold fund is down 54% YTD
[12:27] {+cc_8} Yes i read the paulson bloomberg articles,
[12:27] {+cc_8} http://www.bloomberg.com/news/2013-05-16/paulson-sold-gold-miners-bought-family-dollar-in-quarter.html
[12:27] {+cc_8} and
[12:27] {+cc_8} http://www.businessweek.com/news/2013-06-07/paulson-said-to-stop-regular-reporting-of-gold-fund-share-class
01[12:28] {&Threei}  probably a lot of redemptions as well
01[12:30] {&Threei}  OWM, just a scalp
01[12:30] {&Threei}  IWM
[12:30] {Alexs} :(
01[12:36] {&Threei}  GDX... really want to short this b*tch
01[12:37] {&Threei}  should I restrain myself or it's a valid play...
[12:37] {nemo} if market comes in it could go up
[12:38] {dino} break of low, sure
01[12:38] {&Threei} Short Setup: GDX  .30 break
[12:38] {Alexs} do not mix front and rear Vad
01[12:38] {&Threei}  have it wear broch!
[12:39] {Alexs} gold one
01[12:39] {&Threei}  lol
01[12:39] {&Threei}  gold-plated at best
[12:40] {Alexs} present from Mr. Paulson
01[12:41] {&Threei}  this is total repetition of oil and T-boone
01[12:41] {&Threei}  he got stubborn the same way with oil, and got his fund and its clients in deep losses, had to shut it down
01[12:42] {&Threei}  btw, this is another reason why I think gold is to see new lows and panic selloff
01[12:42] {&Threei}  these guys won't get away so easy
01[12:43] {&Threei}  market is like a bulldog, it doesn't quit torturing stibborn holders until it gnaws through the bone
01[12:54] {&Threei}  to call this action slow would be an insult to all one-legged snails trying to move through the molasses
01[12:54] {&Threei}  they are traditionally considred slow, but they are like rockets comparing to this
[12:56] {stevw} one-legged snails?  i know victoria dumps sewage directly into the chuck, but what else are you guys dumping?
[12:56] {stevw} JPM trying to breakout, but it must be getting tired of trying
01[12:57] {&Threei}  careful stev... if you vouch for sewage treatment, you may never be allowed on the island
[12:58] {stevw} ahh, ya' bunch of loggers
[12:58] {Will49} I've got his name on the list Vad
[12:59] {stevw} i know the most common garbage disposal is the back of the pickup truck and a trip down the highway
01[13:00] {&Threei}  ferry ticket machines have this chekbox... "Sewage treatment, for or against." You check "for," machine spits your credit card out
[13:00] {Will49} lol
[13:00] {stevw} lol
01[13:00] {&Threei}  try again, and it won't even return your card
01[13:01] {&Threei}  GDX invalidated of course
01[13:01] {&Threei}  for now at least
[13:01] {stevw} i've sat in that midday GDX trade before - it's agonizing
01[13:02] {&Threei}  JPMorgan Chase and Co CEO Dimon: Europe still has a few years to go before it is clear of the crisis, US corporate world is in very good shape - Morgan Stanley conf comments
01[13:03] {&Threei}  my congratulations to US corporate world
01[13:03] {&Threei}  now, any chance hoi poloi has their turn too?
01[13:04] {&Threei}  German banker falls asleep on keyboard and accidentally transfers $300-million
01[13:04] {&Threei}  oh, that's where that trasfer came from...
01[13:05] {&Threei}  The man was in the middle of transferring 62.40 euros from a customer bank account when he fell asleep and mashed the number 2 key, turning it into a transfer worth 222,222,222.22 euros, a German labour court heard on Monday
01[13:08] {&Threei}  who is bored, might want tio try QCOR
01[13:08] {&Threei}  moves like, ummm, three-legged snail
[13:10] {stevw} probably not enough volume for an MCD short, eh?
[13:12] {dino} incy drop
01[13:12] {&Threei}  really hard to tell
[13:13] {dino} sm l .85
[13:13] {nemo} what a weird day
[13:14] {Will49} doubly boring without Les
[13:14] {nemo} that's a stretch
[13:14] {dino} out incy .25, +.40
[13:14] {RonS} was just hinking...oh, Les is not here?
[13:15] {nemo} serene, isn't it
[13:15] {RonS} thinking
01[13:15] {&Threei}  sinking
[13:15] {Will49} the ship of state?
[13:20] {backman} ??JPM  ??? break of .80?
01[13:22] {&Threei}  toughie... not sure
01[13:22] {&Threei}  it's a valid chart but this is exactly the kind that failed over last few days
[13:22] {backman} yup...been there...failed with it....GDX bouncing after making new low
[13:25] {backman} TZA above .30?
01[13:26] {&Threei}  I would wait for GDX now to stop out shorters, then enter on a rinse
01[13:26] {&Threei}  same goes for TZA... let it trigger, wait for the rinse
01[13:26] {&Threei}  let's adjust
01[13:31] {&Threei}  here is GDX
01[13:31] {&Threei} Short Setup: GDX  .40 break
01[13:31] {&Threei}  If holds  .45
01[13:32] {&Threei}  Invalidated
[13:33] {RonS} hearing ed stocks moving on this:   Department of Education gainful employment regulations will be delayed and not effective until July 2015. - BMO Capital Markets
01[13:35] {&Threei}  APOL Hearing BMO note asserts the Dept of Education is delaying gainful employment regulations until July 2015 (related APEI BPI CECO COCO CPLA DV EDMC ESI LINC LOPE QNST STRA UTI )
[13:37] {dino} hard to enforce a law when only jobs available are miniumum wage
[13:38] {stevw} short CAT at .45
01[13:38] {&Threei} Short Setup: GDX  .50 break
01[13:39] {&Threei}  If holds  .56
01[13:40] {&Threei}  Banks charged $32 billion in overdraft fees last year
01[13:47] {&Threei}  die GDX
[13:49] {Will49} if you didn't know better, you'd think the machines are hitting stops
[13:52] {RonS} BREAKING: Google asks government to allow publishing of national security request data
[13:58] {stevw} phew, i can take my finger off the CAT cover button for a minute - i was cramping up
[14:01] {dino} lol
01[14:05] {&Threei}  what was that on GDX?
[14:07] {jdetente} back at break .50?
01[14:07] {&Threei}  doesn't look right
[14:07] {stevw} hod scared it off
01[14:07] {&Threei} Long Setup:  APOL  .80 hl
01[14:07] {&Threei}  If holds  .70
[14:07] {jdetente} lots of things don't look right today
01[14:10] {&Threei}  Invalidated
01[14:10] {&Threei}  but on a radar for another entry
[14:16] {stevw} stopped out of CAT
01[14:30] {&Threei}  that snail seems to be heavily sedated too
01[14:31] {&Threei}  it's been a good while since things were this slow
[14:32] {thomcbell} hi all - been busy with some stuff for last few weeks - how is everyone doing?
01[14:32] {&Threei}  hi tbell
01[14:32] {&Threei}  things are very slow... you didn;t miss much this week
[14:32] {Will49} hey tbell...where are your priorities? :)
[14:33] {thomcbell} yeah yeah
[14:39] {dino} hey nemo, i see you've picked up tebow
[14:43] {jdetente} Darth Belichick will summon unholy forces and turn Tebow into a productive NFL player...that would be my bet at least
[14:43] {Les} what we in?
01[14:43] {&Threei} Long Setup:  APOL  .70 break
01[14:44] {&Threei}  If holds  .65
[14:44] {Les} how goes the day?
[14:44] {dino} jd, no doubt better than the rex fiasco
01[14:44] {&Threei}  better than yesterday, but very slow
[14:45] {jdetente} for sure Dino...Rex Ryan lost control of that team long ago
[14:45] {dino} ok, took hours but out gnmk .00, +.96
[14:45] {Will49} beauty
[14:45] {Les} pays nicely for the wait
[14:45] {dino} sucker was pulp defined
01[14:46] {&Threei}  Invalidated
01[14:46] {&Threei}  but on watch still
01[14:46] {&Threei}  has squeeze potential with right entry
01[14:48] {&Threei}  Facebook CEO: Stock performance has been disappointing, does not believe strategy is wrong - annual meeting- Likes and comments are up 50% per user over the last year.
01[14:48] {&Threei}  likes are up, stock is down
01[14:48] {&Threei}  sounds about right
[14:49] {Les} what the frick has likes got to do with revenue...
[14:50] {Will49} betcha 50% of users are 12 year old girls
01[14:50] {&Threei}  no, those leave facebook in droves lamenting that it has been overtaken byt those disgustinly ancient 50 years olds
[14:50] {Will49} :)
[14:51] {Les} hey I'm one of those 50%
[14:51] {Will49} we knew that
01[14:51] {&Threei}  nemo told us
[14:51] {Les} well not yet 50 so not one of u guys
01[14:52] {&Threei}  well, you are either 50 years old or 12 yeards old girl
01[14:52] {&Threei}  make your pick
[14:52] {Will49} 50 yearold girl
06[14:54] * &Threei sends Les a pink RealityTradert hairpin with polka dots ribbon
01[14:55] {&Threei}  hope you accept it, then we will be hairpin brothers... I always wear it when trade FB
[14:56] {Les} eh...
[14:56] {backman} nice ...now you guys can go steady together.....vry special
[14:56] {Les} Nemo's a quitter
[14:57] {backman} wouldnt say that to his face, Mr. polka hairpin with ribbons
01[14:57] {&Threei} Long Setup:  APOL  .65 break
01[14:57] {&Threei}  If holds  .55
01[14:58] {&Threei}  I don't know bman, after all nemo won't trade LULU other than in his favorite tutu
[14:59] {jdetente} if nemo wears lulu in the forest does anybody see through them?
01[14:59] {&Threei}  so... something about glass house and stones
01[14:59] {&Threei}  but hey, my ribbon is hidden under my Tiley hat
[14:59] {jdetente} man I hit that .66 bid on APOL and only filled 300 shares grrr
01[15:00] {&Threei}  offer you mean?
[15:00] {jdetente} yeah sorry offer
[15:00] {Will49} jd - +1 on forest line
[15:01] {jdetente} which one? lol
[15:01] {jdetente} negative or positive??
[15:01] {Will49} ..wears lulu...
01[15:01] {&Threei}  we need something like "like" here I guess :)
[15:01] {stevw} offer, honor offer; all day long
[15:01] {jdetente} thumbs up or thumbs down feature
01[15:02] {&Threei}  come on APOL, squeeze them da shorts
01[15:02] {&Threei}  let's ask KS if there is anything like that
[15:03] {Will49} sorry jd, missed that +1
[15:03] {jdetente} some of us are going to have bad scores...going to keep my mouth shut then hehe
[15:03] {Will49} need a special scoring icon for les
[15:04] {jdetente} he will be the bottom of the curve that's for sure
[15:05] {Les} what am I supposed to be, Nemo in a tutu? Who voted for a popularity contest?
[15:05] {Les} dollar down equities down interesting
[15:05] {Will49} + 1 les
[15:06] {Will49} practicing
06[15:06] * Les smacks Will with a practise trout
[15:06] {Les} iwm looking toppy here
[15:07] {Les} 98 may be it
[15:07] {+cc_9} Another good day to btfd, every single one
[15:08] {Les} what will you do cc when there are no more dips to buy :)
[15:08] {Les} Ok I see the morning open. Yeh, nice
[15:09] {Les} short .95 holding .05
[15:09] {Les} iwm
01[15:12] {&Threei}  ok, mirc is no facebook... all it has is ^ for like
[15:12] {Les} we should have our own FB room
[15:14] {Les} meh
01[15:19] {&Threei}  oh come on APOL
01[15:19] {&Threei}  after spiking70 senc in 1 min, you have troubles making 10 cents now?
[15:20] {Alexs} what was that spike?
01[15:20] {&Threei}  news
01[15:20] {&Threei}  Apollo Group Inc BMO analyst note asserts the Dept of Education is delaying 'gainful employment' regulations on for-profit schools until July 2015
[15:21] {Alexs} ah ok
01[15:22] {&Threei}  1 : frikin 1
01[15:22] {&Threei}  I really wasnt squeeze on this one
01[15:23] {&Threei}  profit takers and shorts pounded it all the way back
01[15:23] {&Threei}  surely thwere should be those that view it as secondary entry opportinity plus some who still haven't covered
[15:24] {dino} emb drop
[15:28] {jdetente} more than 1:1 would be nice
[15:28] {jdetente} good way to end the day
01[15:29] {&Threei}  tell that to SPY...
01[15:30] {&Threei}  (TR) Istanbul, Turkey Govt reportedly announces a final warning to protestors to leave Taksim Square
[15:35] {stevw} don't look at GDX
[15:35] {Les} too late
01[15:35] {&Threei}  I will not
01[15:36] {&Threei}  I will not look at GDX
01[15:36] {&Threei}  I will not look at GDX ever
01[15:36] {&Threei}  I will not look at SoMG GDX ever
[15:36] {Les} gap closure and still dropping
[15:36] {Will49} lol
01[15:37] {&Threei}  ok APOL, you held well... time to run
01[15:37] {&Threei}  or fly
01[15:37] {&Threei}  and/or fly
[15:42] {Les} http://www.telegraph.co.uk/finance/financialcrisis/10113280/UK-challenges-illegal-EU-power-to-ban-short-selling.html
[15:43] {Les} looks like they wanna kill short sellers and market in the EU
01[15:43] {&Threei}  oh, just close eurotunnel
[15:43] {Les} or blow big equity bubbles
01[15:43] {&Threei}  won't happen thanks to short ban
01[15:44] {&Threei}  they tried it in many markets and sectors, never stopped decline when decline was warranted
[15:45] {Les} yeh
[15:45] {Les} but if no one can borrow
[15:45] {Les} then like china
[15:45] {Les} can blow bubble until..
[15:45] {Les} it bursts and everyone pulls out at same time
01[15:46] {&Threei}  that's the point - when it drops, there is no support
[15:46] {Les} I understand short sellers help stabilise those movements
[15:46] {Les} right
01[15:46] {&Threei}  it simply increases volatility by taking out whole class of players
01[15:46] {&Threei}  great protection, thank you very much
01[15:47] {&Threei}  take a look at GLD daily
[15:48] {Les} nah don't like reality
[15:48] {Les} http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/6/11_Stunning_Gold_%26_Silver_Charts_Reveal_Shocking_Global_Demand.html
[15:48] {Les} prefer a good story
01[15:48] {&Threei}  if this is inverse C&H forming, and 130.50 is taken out...
[15:48] {Les} can't be
01[15:48] {&Threei}  yeah... shocking demand will it be
[15:48] {Les} stunning gold demand
01[15:49] {&Threei}  I wish we were there to observe that
01[15:49] {&Threei}  wait... we will be
01[15:49] {&Threei}  APOL... 9 min
[15:49] {Les} well dollar red, equities red metals red
01[15:49] {&Threei}  move
[15:50] {Les} bodes well for more metal downside
01[15:50] {&Threei}  you missed Paulson news earlier in the day Les
[15:50] {Les} the ex treasurer or hedgie?
01[15:50] {&Threei}  hedgie
01[15:50] {&Threei}  review the log later... you will get this sinking feeling of black hole coming
[15:51] {Les} k
[15:51] {Les} gotta work again tomorrow back for afternoon trading
01[15:51] {&Threei}  ok Alex... make sure APOL has the broch on
06[15:51] * &Threei hits APOL in the rear with heavy duty army boots
[15:52] {Alexs} be carefull
01[15:53] {&Threei}  6 min
[15:57] {dino} icui spike
01[15:58] {&Threei}  ok... saved by the bell
01[15:58] {&Threei}  ending positive and extremely bored
01[15:58] {&Threei}  thank you all, have a great evening
01[15:58] {&Threei}  see you tomorrow
[15:58] {Will49} cheers guys
[15:58] {Les} cheers
[15:58] {jdetente} see ya guys

June 10 2013

A few nice plays, particularly IWM 1:4 catch, but overall, a lot of rinses, shakeouts and invalidations that left us in the red. See-saw Monday.

Session Time: Mon Jun 10 00:00:00 2013

[08:37] {nemo} Always look on the bright side of life...dada...dada...dadadadadada

[08:49] {nemo} UPRO split so will likely be more liquid to trade

[08:50] {dino} gm

01[08:50] {&Threei}  morning dino

[08:55] {nemo} dino, plug the market back in, will you

[08:56] {+cc_9} Morning gents

[08:56] {nemo} see they split UPRO 9?

[08:58] {stevw} nemo, i thought your line from that song would be "life's a piece of s**t, when you look at it"

[08:59] {nemo} I step out of character on occasion

[09:00] {stevw} no problem, we still have some crosses left

01[09:00] {&Threei}  cc9, stev :)

[09:00] {jdetente} Good morning...

01[09:00] {&Threei}  jd :)

[09:02] {nemo} Yes the Crack Suicide Cross of The People's Front of Judea, or was that the Judean People's Front?

[09:02] {stevw} serious question - what the heck is that premarket spread in GIL?

[09:02] {stevw} absolutely love the political and religious satire!!

[09:02] {nemo} why look?

[09:03] {stevw} i'm just curious how you get a $4.31 bid against a $44 offer

[09:03] {stevw} i accidentally typed the ticker symbol, actually

[09:04] {cipher} gm

01[09:04] {&Threei}  cipher :)

[09:08] {stevw} btw, i have a public service announcement for all canadians on the board

01[09:08] {&Threei}  loonie is no more?

[09:09] {stevw} no such luck - it's about my banking woes from last week

[09:09] {stevw} TD bank accidentally attached my ex-wife's account to my ATM card, 10 years after we had separated

01[09:09] {&Threei}  wow

[09:09] {stevw} my ATM deposits and withdrawals were going through her chequing account not mine

[09:10] {nemo} Can you sit down without pain?

[09:10] {stevw} and they say they're only responsible for things I catch within 30 days

[09:10] {nemo} talk to a lawyer

[09:10] {stevw} they're not responsible for what they did if it's older than 30 days

01[09:10] {&Threei}  that's pure unadeltered bs

[09:10] {_epach} morning

01[09:11] {&Threei}  morning epach

[09:11] {nemo} tardes

01[09:11] {&Threei}  they charged me for an account that turned out to be under their condition to be free, for about 7 years

[09:11] {stevw} i'll get it sorted somehow, but it's an alert to be vigilant with your banking records even or especially in this electronic age

01[09:11] {&Threei}  I phoned, asked to rfeturn the money

01[09:11] {&Threei}  they gave me this 30 days bs,

01[09:11] {&Threei}  I politely asked:

[09:12] {Alexs} gm

01[09:13] {&Threei}  do you mean to tell me that by your rules if I don't catch your error in time, my money somehow become yours, and you can dance "slipped one by him" dance? Us that what I quote on social medias, paper etc?

01[09:13] {&Threei}  alex :)

01[09:13] {&Threei}  she said "I'll be back with you in 2 min"

[09:13] {stevw} don't you love how they assume all the power and authority, but bugger all responsibility

01[09:14] {&Threei}  and returned advicing me in exctited tone that they reimburse whole 15 years of 14.99 monthly fee

[09:14] {_richa} If it would have been the other way around they would go back and correct it

[09:14] {stevw} rest assured i'll be having that type of discussion with the branch manager as a next step

01[09:14] {&Threei}  they did so within 1 hour

[09:15] {Will49} gm

01[09:15] {&Threei}  will :)

[09:15] {dino} gl stevw

[09:16] {jdetente} that's quite a quick change of tone on their part Vad. Scared the hell out of them I bet

[09:17] {backman} gm

01[09:17] {&Threei}  I geared up for a long battle with all levels of reps and supervisors

01[09:17] {&Threei}  bman :)

[09:17] {stevw} i need to adopt a russian accent and a beard maybe

01[09:17] {&Threei}  lol

[09:17] {jdetente} don't forget the pipe

01[09:17] {&Threei}  it was during that royal bank fiasco btw...

[09:17] {stevw} mmm, maybe not the pipe for the effect needed

[09:17] {Les} ...speaking of fiascos

01[09:17] {&Threei}  maybe they all were under strict "don't irritate clients" order

[09:17] {Les} good morning

01[09:18] {&Threei}  les :)

[09:18] {stevw} interesting entrance, les

[09:18] {robbers} I had the same situation, Vad, with SunTrust Bank and they reimbursed me.  But I had to get tough with them, LOL.

[09:18] {stevw} did you use your nickname?

01[09:18] {&Threei}  rofl!

[09:19] {robbers} LOL.  No, they wouldn't have done it in that case.  Very funny.

[09:19] {Will49} good one stev

[09:20] {stevw} i have my moments - but that's probably used up my wit for the rest of the day

01[09:20] {&Threei}  happens to me rgularly, and I switch to using nemo's

01[09:20] {&Threei}  that's why he looks so witless sometimes

01[09:21] {&Threei}  epach, look private message please

[09:22] {RonS} hello everyone

[09:22] {Les} speaking of witless, where is he?

[09:22] {Les} not you Ron

01[09:22] {&Threei}  ron :)

[09:23] {dptl} gm

01[09:23] {&Threei}  dp :)

[09:23] {RonS} Les, witless protection program?

[09:23] {ese} gm

[09:23] {Will49} lol

01[09:23] {&Threei}  ese :)

[09:24] {Les} hehe

[09:25] {_epach} yes

01[09:34] {&Threei} Long Setup:  FCX  .50 break

[09:35] {Les} lol was analysing this one didn't wanna bug ya

[09:36] {Les} GDX testing fridays low

01[09:38] {&Threei}  slow open

01[09:38] {&Threei}  ok FCX

01[09:38] {&Threei}  let's break and make our first winner

[09:38] {robbers} Stocks are afraid we'll ask for a refund if we have a losing trade.

01[09:38] {&Threei}  stop under the low

01[09:39] {&Threei}  meh

01[09:42] {&Threei} Short Setup: GDX  .70 break

01[09:42] {&Threei}  If holds  .80 

[09:42] {nemo} spy iwm at pivot

01[09:43] {&Threei}  let's trail to .76

01[09:43] {&Threei}  too slow to read confidently

01[09:44] {&Threei}  out

01[09:46] {&Threei} Long Setup:  IWM  .90 break

01[09:46] {&Threei}  If holds  .80 

01[09:47] {&Threei}  1:1

01[09:48] {&Threei} Short Setup: INTC  .90 break

01[09:48] {&Threei}  If holds  .96 

01[09:51] {&Threei}  frikin IWM 1:2

[09:51] {Les} used TNA, didn't even make .15 for 1:1

[09:52] {Les} watching if indexes return for vwap rejection wyckoff day

01[09:52] {&Threei}  FCX rinsed

01[09:53] {&Threei}  fuzzy morning so far

[09:53] {nemo} Wycking off again Les?

[09:53] {Les} always

[09:53] {jdetente} Come on INTC reject .96 like Les at a pyjama party

01[09:54] {&Threei}  ok INTC... die

[09:54] {nemo} right...your married...forgot

01[09:54] {&Threei}  3 tries, can't break... must die

[09:54] {Les} :)

01[09:54] {&Threei}  sacre blu

01[09:58] {&Threei} Long Setup:  SBUC  .90 break hl

[09:58] {dino} irm sm l .99

01[09:58] {&Threei}  SBUX

[09:58] {Les} sbux

01[09:58] {&Threei}  If holds  .80 

[09:59] {ese} L aria .01

01[10:00] {&Threei}  what the deuce

[10:01] {jdetente} news?

01[10:01] {&Threei}  (US) Conference Board May Employment Trends: 0.6% to 111.8 v 111.1 prior

01[10:01] {&Threei}  the only thing I see

[10:03] {robbers} I think Bullard from the FED spoke, but not sure.

01[10:03] {&Threei}  yes but he said nothing resolute

01[10:03] {&Threei}  repetition of all "one side, on another side"

01[10:04] {&Threei}  (US) Fed's Bullard (moderate, FOMC voter): Weak inflation data could possibly argue for prolonging QE asset purchases; monetary policy is being buffeted by better growth and weaker inflation- Labor market has been improving since summer 2012. - Inflation is low due to soft commodity prices, weaker European and China economic growth. - US economic growth has not been spectacular. - There are few signs that Fed monetary policy moves are unsettling financial markets.

[10:04] {robbers} Sounds like Greenspan.  Greenspeak.

[10:05] {backman} short FB .22

01[10:05] {&Threei} Long Setup:  IWM  .95 break

01[10:05] {&Threei}  If holds  .85 

01[10:07] {&Threei}  no go SBUX

[10:07] {Les} I shorted it

[10:07] {jdetente} no one likes a contrarian

[10:07] {jdetente} hehe

[10:08] {Les} nah trying out a 3 strikes policy here today

[10:08] {_richa} Why was SBUX a no go I broke .90

[10:08] {jdetente} lol

[10:08] {jdetente} Vad you may need to smack Les with 2 x 4

01[10:08] {&Threei}  code for stopped

[10:08] {Les} VAd strikes out 3 times I go into autistic mode

[10:09] {Les} telling me its a no read day so far

[10:09] {backman} out fb...-.07

[10:09] {_richa} ok got it

[10:09] {Les} hoping intc can help me dig my way out here

[10:10] {Les} depends on IWM here

[10:10] {nemo} they may try to push the finnies down to pivot

[10:11] {Les} quarter sbux 1:2

01[10:11] {&Threei}  ok market... double bottom?

[10:12] {Les} dropped some INTC risk at flat

[10:12] {jdetente} held for a wider stop Les?

[10:12] {jdetente} broke our stop earlier

01[10:13] {&Threei}  if SPY finally found legs, IWM should be good for 1:4

[10:14] {Will49} if the queen had balls she'd be king

[10:14] {Will49} :)

01[10:14] {&Threei}  stop to .89

01[10:15] {&Threei}  1:1

01[10:15] {&Threei}  to .94

[10:17] {Les} after fcx jd gave it a little lattitude pivot resistance is .98

01[10:17] {&Threei}  break .60, SPY

01[10:18] {&Threei}  and launch real bounce

01[10:18] {&Threei}  1:2

01[10:18] {&Threei}  stop to .99

01[10:19] {&Threei}  giving it just a tad more breathing room than usually

01[10:19] {&Threei}  want that 1:4

01[10:21] {&Threei}  1:3

[10:21] {robbers} Fully out IWM, thanks Vad.

01[10:21] {&Threei}  frikin GDX... formed double top with .20 short trigger but market was so unclear at the moment

01[10:21] {&Threei}  yw

01[10:22] {&Threei}  was exactly the kind I like, with .25 stop

[10:22] {dino} dhi sm l .70

01[10:22] {&Threei}  stop .14 for the last piece IWM

[10:25] {Les} GDX vwap at the round numbersee if holds

01[10:25] {&Threei}  to .19

01[10:25] {&Threei}  1:4

01[10:25] {&Threei}  out

01[10:25] {&Threei}  that's better

[10:25] {Les} well done. not in it

01[10:26] {&Threei}  preactically erased the stops before it

[10:27] {Les} putting a 3rd trading screen togethor now. Am loathe to change charts while in a trade so had to forego that long

[10:28] {Les} last piece sbux stopped flat

[10:34] {ese} dino.....have you checked out IRM

[10:34] {Les} Brandt pointed out that AAPL could be putting in bottoming inverted H&S, similar to 2009. Could be what is driving INTC and the tech sector as a whole

[10:36] {RonS} ese, IRM who is planning to convert to a reit...got hit when the IRS said the were scrutinizing another company's plan for a reit conversion...

[10:36] {ese} ahhhh......tks ron

[10:37] {Les} indexes getting ahead of themselves

[10:37] {ese} a litle over done though

[10:38] {Les} potential kangaroo tail spy if reversal here

01[10:38] {&Threei}  IWM, 1:6... grr

[10:39] {dino} ese yes, in irm .99

[10:40] {dino} ese, eqix, lamr say situation

[10:40] {+cc_9} Not gloating, at all }} http://img824.imageshack.us/img824/3674/ssobuys.jpg

[10:41] {Les} buy the f'in dip

[10:41] {ese} I'm with ya .00 L irm

[10:42] {+cc_9} that's all there is to is Les

[10:46] {dino} clir spike

[10:46] {Les} intc stopped .02

[10:47] {ese} L some more irm avg .95

[10:50] {Les} cc_9 dcc svp

01[10:50] {&Threei} Short Setup: GLD  .70 break hl

01[10:50] {&Threei}  If holds  .80 

[10:52] {Les} spy ptoential DT

[10:52] {Les} .15

[10:52] {ese} L some more irm avg .97

01[10:53] {&Threei}  changer to .80 break

01[10:53] {&Threei}  If holds  .86 

[10:54] {dino} lamr sm l .01

01[10:54] {&Threei}  change to .85 break

01[10:54] {&Threei}  If holds  .90 

[10:54] {jdetente} nope

[10:55] {jdetente} well almost

01[10:55] {&Threei}  still valid

01[10:55] {&Threei}  stop .92

[10:56] {Les} DT works on spy

[10:57] {backman} GDX on high

[10:58] {Les} nice topping vol GDX

[11:00] {dino} geos drop

01[11:00] {&Threei}  1:1

[11:01] {Les} ptoential cup and handle forming iwm

[11:03] {ese} ron...you in irm

[11:03] {RonS} yes...   .00

[11:04] {ese} sm or large

[11:05] {ese} tossing the idea around of doubling my position here

[11:05] {ese} i like the way it's acting

[11:08] {ese} dino ...you see phil Micklesons' shot on 18 at Memphis yesterday......damn near holed out to tie the lead....exciting man that

[11:08] {dino} missed it, yard worl day

[11:08] {dino} work

[11:09] {ese} same.....managed to catch last 5 holes or so

[11:09] {dino} played 18 in the a.m., 12 over

[11:10] {ese} nice...sounds like you and have the same cap.....mines 11 and getting worse

[11:10] {dino} inc. 2 ob's

[11:10] {ese} whoa.....that is good

[11:10] {dino} bought son's burner irons, but going to switch bac to cobra. burners seem shorter distance/club

[11:11] {ese} i'm playing cobra's also

[11:11] {dino} i had been since late 90s, but sone wanted upgrade, so...

[11:12] {ese} nice of you to accomodate dad

[11:12] {dino} funny how that happens

[11:13] {ese} indeed

[11:13] {dino} geos sm l .17 a

[11:15] {dino} lamr stop .69, -.32

01[11:18] {&Threei} Long Setup:  JPM  .60 break

01[11:18] {&Threei}  If holds  .55 

01[11:21] {&Threei}  Invalidated  

[11:27] {Les} JPM vwap is here

01[11:28] {&Threei}  God ‏@TheTweetOfGod 5m

01[11:28] {&Threei}  Even on the first day of Creation I remember thinking to Myself, "I hate Mondays".

01[11:28] {&Threei}  lol

[11:28] {jdetente} nice haha

[11:28] {nemo} he comes up with some good ones

01[11:28] {&Threei}  yup

[11:30] {dino} stop geos

[11:31] {dino} tlk sm l .27 ave

01[11:34] {&Threei} Long Setup:  JPM  .35 break

01[11:34] {&Threei}  If holds  .30 

[11:39] {Les} scalped C for .10 will take more if it DBs

[11:39] {Les} ty for entry idea

[11:41] {RonS} tlk hq Bandung Indonesia...must be Indonesian for "no shit"...

01[11:41] {&Threei}  lol

[11:41] {Les} spy

[11:41] {Les} sorry

01[11:47] {&Threei}  1:1is close enough, half out

[11:47] {dino} out dhi .10, +.40

01[11:47] {&Threei}  wtg

01[11:48] {&Threei}  btw guys, who is looking to bbq perfect steak, bookmark this... best I've ever made: http://www.amazingribs.com/recipes/beef/steakhouse_steaks.html

[11:50] {jdetente} now I need lunch

[11:50] {jdetente} looks awesome

01[11:50] {&Threei}  tastes beyond belief

01[11:50] {&Threei}  you don't have to read the whole enchilada, just the descriptive step-by-step blurb on the right

01[11:51] {&Threei}  but pay attention to the details, none of them in insignificant

01[11:53] {&Threei} Long Setup:  GDX  .40 break

01[11:54] {&Threei}  If holds  .33 

[11:56] {jdetente} I'll say it. meh

[12:02] {Les} was gonna throw the old gas bbq away for a new one. yer suggesting cooking with coal is the way to go?

[12:03] {nemo} yes Les, in a small shed with no windows and the door closed

[12:03] {RonS} ...and a gas can nearby?

[12:03] {Les} might wanna put a disclaimer on that advice dude

01[12:03] {&Threei}  I have both

01[12:03] {&Threei}  hourses for courses

[12:08] {jdetente} so Vad...why do they not rest the steaks?

[12:08] {jdetente} I've been programmed to rest after cooking...

[12:08] {robbers} I've been programmed to eat after cooking.

01[12:08] {&Threei}  rest is needed for big cuts of meat, for the juices to come back from center to the outer layers

[12:09] {Les} I do the opposite. sear it for colour and finish in oven

01[12:09] {&Threei}  in steak, there is not enough thickness for that

[12:09] {jdetente} ahh

[12:10] {Les} inverted cupa nd handle JPM

01[12:11] {&Threei}  according to the page I posted, that's wrong way to do it Les

01[12:11] {&Threei}  and this site sucessfully debunked so many grilling/smoking myths, it's not even funny

[12:11] {Les} yeh I am curious enough to try

[12:13] {dino} sllloooowwww day

01[12:15] {&Threei}  yeah... I didn't expect that

01[12:15] {&Threei}  @TheTweetOfGod

01[12:15] {&Threei}  People often say things in the heat of anger that in hindsight they regret not accompanying with a punch in the face.

[12:17] {jdetente} lol

[12:17] {backman} POW!!

[12:28] {jdetente} Took .20 on IRM. Thanks Ese for the idea...

[12:28] {jdetente} and Dino.

[12:31] {Les} JPM looking close to a short

[12:31] {Les} break

[12:36] {Will49} Vad,did you call any trades after the GDX long at 8:55?

[12:36] {nemo} 8:55?

[12:36] {Les} west coaster hey

[12:36] {nemo} Les...ahhh...I mean, Will...wtf

[12:36] {jdetente} Pacific time man

01[12:36] {&Threei}  no

01[12:36] {&Threei}  you have connection troubles will?

[12:37] {Les} get off the booze bunny boy

[12:37] {jdetente} we live in God's country nemo...except for me. I live in California. The Commune

[12:39] {Will49} no Vad, was just off line

[12:40] {Les} fas testing VWAP here

[12:40] {Les} tempted by JPM short but waiting to see if this is short trap

[12:40] {Les} uh no

[12:52] {dino} evn sm l .76

01[12:59] {&Threei}  - Trading in Europe and US markets has been choppy this morning in the absence of any major macro data

01[12:59] {&Threei}  yeah

[13:01] {Les} fas might db and turn around here

[13:04] {ese} DU DU DU DU DU..............waiting waiting waiting......irm

[13:11] {dino} evn stop .60 -.16

[13:12] {dino} agnc l .83

[13:12] {Les} TWI bounce potential dino

[13:15] {dino} don't know

01[13:15] {&Threei} Short Setup: JPM  .20 break

[13:15] {dino} ades drop

[13:15] {Les} TNA .50 holding .45?

01[13:16] {&Threei}  I doubt it

01[13:16] {&Threei}  If holds  .25 

01[13:19] {&Threei}  alphaguru... heh, reshi is back

[13:19] {Les} cool

[13:19] {Will49} fun

01[13:20] {&Threei}  meh JPM

[13:20] {Les} he sense's market breakout coming

[13:24] {Les} squeezed 1:2 out of TNA but 3 min bb's are flat which is a warning stop on trail

[13:27] {+cc_9} SPY seesaw for 45mins

[13:27] {+cc_9} yawn

[13:28] {nemo} futures pits empty

01[13:29] {&Threei}  so far, excitedly underwhelming day

[13:29] {dino} out agnc .96, +.13

[13:30] {nemo} kinda' like trying to have an intelligent conversation with....wait for it........LES!!!

01[13:32] {&Threei}  no news

[13:32] {Les} huh?

01[13:33] {&Threei}  unless you count this:

01[13:33] {&Threei}  (US) Moody's notes it will make its decision to raise or cut the US sovereign outlook by year's end- Reminder: S&P earlier revised the US outlook to Stable from Negative for its AA+ rating. Moody's has a negative outlook currently on its AAA rating for the US

[13:38] {+cc_9} Snowden is triggering stop losses today

[13:39] {dino} ?

[13:39] {Les} oh the nsa leaker

[13:41] {dino} sk sm s .60

[13:42] {stevw} FB a short at .15?

[13:44] {dino} ks cov .90 -.30

[13:49] {Les} LLY  short .23 setup

[13:50] {dino} out tlk .57, +.30

[13:50] {Les} .30 stop

[13:51] {stevw} short CAT at .70

03[14:00] * Retrieving #discussions modes...

01[14:00] {&Threei}  - NYSE volume 305M shares, about 14% below its three-month average

[14:07] {stevw} nope, stopped out of CAT

[14:08] {ese} have a great day alll cya tomorrow

01[14:09] {&Threei}  tale care ese

01[14:12] {&Threei}  again rug pull with no news

[14:14] {Les} LLY stop

[14:16] {+cc_9} Obama speaking on Bloomberg, I wonder how he will dodge the incoming Qs

[14:16] {+cc_9} http://www.bloomberg.com/tv/

[14:18] {RonS} ...blame Bush...deny a problem...say "let's move on"...(this is so easy)

[14:18] {Les} non-partisan skill shared by all politicians

[14:19] {Les} why the frick ain't the mute button working on this guy

[14:21] {Les} shit, listening to Obama or muting and missing vad's calls choice is easy

01[14:25] {&Threei} Long Setup:  TZA  .10 break

01[14:25] {&Threei}  If holds  31 

[14:26] {Alexs} tza  heard you Vad :)

[14:26] {nemo} nah, iwm held trend line

01[14:26] {&Threei}  that's ok, watching for different entry

01[14:27] {&Threei} Long Setup:  TZA  .90 break

01[14:28] {&Threei}  If holds  .85 

01[14:31] {&Threei}  sigh

01[14:31] {&Threei}  I hate Mondays

01[14:40] {&Threei}  sheesh TZA... SoMG

[14:40] {Les} took it again .91 screwin with us

[14:42] {Les} half of at  .98

[14:42] {Les} 2/3

[14:43] {Les} all out

[14:43] {Les} scalp scalp scalp

[14:44] {Les} a broker making money day

01[14:44] {&Threei}  pretty much

[14:44] {dino} dw spike

[14:44] {dino} kndi spike

[14:45] {dino} dw s .74

01[14:48] {&Threei}  ok... once again?

01[14:48] {&Threei} Long Setup:  TZA  .90 break

01[14:48] {&Threei}  If holds  .83 

01[14:53] {&Threei}  come on... really?

[14:54] {jdetente} Mondays...

01[14:54] {&Threei}  god was right, eh?

01[14:54] {&Threei}  thank him for those IWM trades

[14:55] {Les} the hourly indicators ready to roll over, but we grind up. I'd be interested in tomorrows open, but won't be here

01[14:55] {&Threei}  they are about the only thing that keeps this Monday from being disgusting day

[14:55] {Les} http://www.spiegel.de/fotostrecke/photo-gallery-high-tech-spies-at-the-nsa-fotostrecke-97762-3.html

[14:56] {Les} that's some serious memory given to NSA servers

01[14:58] {&Threei}  watching P for pullback entry

[14:58] {dino} tol sm l .70

[14:59] {nemo} I visited that glass building once

[14:59] {Les} they give u an anal probe?

[15:00] {nemo} No, my uncle showed me his office

[15:00] {nemo} they gave me an rfid badge

[15:00] {Les} http://www.youtube.com/watch?v=LOEZAHexacA

01[15:00] {&Threei}  crap, no pullback to speak of

[15:01] {jdetente} hells bells

[15:02] {jdetente} today is frustrating...and aside from IWM, it shows.

01[15:03] {&Threei}  undeally, drip to about 15 or just under would be nice hl long entry

01[15:03] {&Threei}  ideally

[15:04] {+cc_9} CTSH keep an eye today/tomorrow

01[15:06] {&Threei}  losing steam

01[15:06] {&Threei} Short Setup: P  .30 break hl

01[15:06] {&Threei}  If holds  .40 

01[15:07] {&Threei}  change to .35 break

01[15:07] {&Threei}  If holds  .45 

01[15:07] {&Threei}  Invalidated  

01[15:08] {&Threei}  short squeeze

[15:08] {jdetente} longs won't be denied, with prejudice

01[15:08] {&Threei}  everyone expected it to drop on AAPL iRadio announcement

01[15:10] {&Threei}  hate it when I get the idea right and don't get the entry

02[15:12] * Disconnected

03[15:15] * Rejoined channel #discussions

01[15:16] {&Threei}  server hiccup

[15:16] {~KSystems} no

[15:16] {Les} and here I thought we were playing beer games

[15:16] {~KSystems} dont know what it is but its not the server

[15:16] {Les} NSA checking the kill switch on this room

01[15:16] {&Threei}  hmmm... some routes?

[15:16] {~KSystems} probably

[15:19] {+cc_9} [scan] pressure cooker [/scan]

[15:19] {+cc_9} so far so good Vad, we should be ok till EOD

[15:19] {Les} sm P long .41

[15:19] {Les} holding .35

[15:19] {Les} couldn't short this sucker

[15:20] {Les} game over

01[15:21] {&Threei}  I'll be interested under .20

[15:25] {Les} sm long ctsh .12 holding .00

[15:27] {Les} looking for some short covering here

[15:28] {dino} cov dw .72 +.02

01[15:28] {&Threei} Short Setup: LVS  .55 break

01[15:28] {&Threei}  If holds  .60 

01[15:29] {&Threei}  two-sided depending on SPY

[15:29] {Les} partial 1:1

[15:30] {+cc_9} CTSH testing first support $64.00 on 30min

[15:33] {jdetente} well that about sums it up

01[15:33] {&Threei}  probably the most annoying day in last month or two

[15:33] {Les} everyone got their favourite time frame cc turnign green in 15 min and broke downtrend line and 3 min bullish divergence in MACD

[15:33] {patel} not a good day for me to return back.

[15:33] {+cc_9} CTSH .20s on deck, should be good for tomorrow.

[15:33] {jdetente} yeah, meh. Hit my threshold for the day. Going to call it. See you guys manana...

01[15:34] {&Threei}  you missed morning when we had couple big winners

01[15:34] {&Threei}  take care jd

[15:34] {nemo} caught IWM off the bottom

[15:34] {Les} taking a little more off CTSH here

[15:35] {Les} yeh you and bottoms are quite a pair Nemo

[15:36] {Les} I just gotta remember to ignore you vad on days like this

[15:37] {Les} it's funny how consistent the play is on these odd days out. probably means trend change in the works

[15:37] {nemo} Vad caught the bottom on IWM

[15:38] {Les} ah ok

[15:38] {nemo} trendless day after Memorial Day, summer trading has begun

[15:39] {Les} me 2 was short IWM before he chose tza everything else was under vwap

[15:39] {Les} iwm was the lynchpin holding it togethor today

[15:40] {~KSystems} nemo I've heard about that several times, that there are seasonal characteristics in the market, like summer trading or the second half of the year being different from the first

[15:40] {~KSystems} is there really such a thing that can be measured somehow?

[15:40] {Les} all out CTSH flat outta here a+ be in late if at all tomorrow

[15:40] {nemo} no doubt.  As you head into the Summer Mondays and Fridays tend to be quieter

[15:41] {nemo} look at volumes and the ATRs of the indices

[15:42] {nemo} What's interesting about these days, is you can see that it's mostly machines at work.  Long and short setups appear, they sense the order flow, and go the other way to bust the stops, at least in the indexes

[15:42] {Will49} they surely did that today

[15:43] {nemo} SPY volume is about 80 mil, 20 day average is 148 mil, 65 day average 129.5 mil

[15:44] {nemo} Vad, how many times during the Summer have you had to bandage your chin?

01[15:44] {&Threei}  dunno... summers are not created the same

01[15:44] {&Threei}  I had no complaints about last one

01[15:44] {&Threei}  was quite tradeablre

[15:45] {nemo} yeah, but we tend to have more untradeable days during the Summer

01[15:45] {&Threei}  gotta adjust of course

01[15:45] {&Threei}  sure

01[15:45] {&Threei}  and those that were nicely readable were still a bit differrnt from the rest of the year

01[15:46] {&Threei}  I guess I don't pay much attention to these things anynore because change is constant... it's an essence of the trading process

01[15:48] {&Threei}  after all this back and forth we are finishing about flat?

01[15:48] {&Threei}  SPY mocks us today

01[15:49] {&Threei} Short Setup: GDX  29 break

01[15:49] {&Threei}  If holds  .05 

[15:49] {nemo} this doesn't happen very often: it traded between the pivot and R1, touching neither

01[15:53] {&Threei}  Invalidated  

01[15:53] {&Threei}  that does it

01[15:53] {&Threei}  thank you all, have a good evening

01[15:53] {&Threei}  see you tomorrow

[15:53] {Will49} bye

[15:53] {nemo} oh, was talking about SPY

01[15:53] {&Threei}  me too