Tuesday, March 19, 2013

March 19 2013

Decent day, not without stops but with quite a few 1:2 and 1:3ers. One even deserved a screenshot:



Session Time: Tue Mar 19 00:00:00 2013

[09:01] {patel} Good Morning
01[09:04] {Threei}  patel :)
[09:05] {patel} Vad, I had a bad day after close yesterday.
[09:05] {nemo} did you trade in the aftermarket?
01[09:05] {Threei}  aftre close??
[09:05] {patel} Talk about Hail. It hailed for about 30 minutes nonstop.
[09:06] {patel} baseball size hail torched my car.
[09:06] {nemo} Well, if you were Les, you probably would have ben out standing in it
[09:08] {dino} gm. nemo, sending snow your way, just work up to 8" of snow
[09:08] {nemo} we have sleet
01[09:08] {Threei}  dino :)
01[09:09] {Threei}  hard tp believe there is snow somewhere...
[09:13] {patel} I think SPY will break 155.60 today and will be tight range bound sideways.
01[09:14] {Threei}  you do know that in two hours Cyprus will vote on deposits tax?
[09:14] {jdetente} good morning all
01[09:14] {Threei}  jd :)
[09:14] {nemo} yeah
[09:19] {Will49} gm
[09:19] {dino} tax/theft being rejected, looks like.
01[09:19] {Threei}  will :)
01[09:19] {Threei}  yes... which will make EU decided bail them out or not
[09:20] {Les} afternoon
[09:20] {dino} lol, lulu womens yoga pants too sheer/revealing
01[09:20] {Threei}  of they say yes, their attempt to impose strict terms will have failed
01[09:21] {Threei}  les :)
01[09:21] {Threei}  if they say no, russian offer is the only option on the table for Cyprus
01[09:21] {Threei}  idiots overplayed their hand and put themselves in dead end
[09:23] {ese} morning
01[09:23] {Threei}  ese :)
[09:23] {ese} morning vad
01[09:24] {Threei}  will, ese... recognize this?
01[09:24] {Threei}  http://goo.gl/kCtcV
[09:24] {Les} yeh not a card shark, but I recognise a dumb move when I see one in Cyprus. Troika doesn't know how to play poker
[09:25] {cipher} gm
[09:25] {dptl} gm
[09:25] {backman} gm
01[09:25] {Threei}  cipher, dp, backman :)
[09:27] {Will49} beeeeerrr
[09:28] {Will49} now i'm distracted before market even opens
[09:28] {thomcbell} BHP Weak
[09:28] {thomcbell} fcx?
01[09:29] {Threei}  ?
[09:29] {thomcbell} may look for an opening setup short
[09:31] {Les} GDX sitting smack on 10 day moving average
[09:31] {nemo} probably see if it can test yesterday's resistance than 156
[09:31] {ese} nice picture of OOB Hotel vad....
[09:33] {cipher} CRZO L .76
01[09:34] {Threei} Long Setup:  WFC  .93 break
01[09:34] {Threei}  If holds  .85
[09:34] {cipher} LAMR L .99
[09:37] {cipher} shoo l .22
[09:38] {cipher} out shoo .15 -.07
01[09:38] {Threei} Short Setup: LVS  .40 break
01[09:39] {Threei}  eeck
[09:39] {nemo} did the market open
[09:39] {cipher} stx l.66
[09:39] {Les} cipher setup
[09:39] {Les} .27 pivot lvs
[09:39] {Les} .22 sorry
[09:39] {patel} anyone get that LVS
01[09:39] {Threei}  if you took .38 LVS instead of typing that question, you'd be taking profit now, nemo
[09:40] {cipher} out stx .75
[09:41] {Will49} no lvs here
[09:42] {Les} early signs of bankster vwap rejection watching for throwback maybe c .50 short?
[09:42] {nemo} lulu looks heavy
[09:42] {cipher} SHOO L .14
01[09:43] {Threei} Long Setup:  JPM  .75 break
01[09:44] {Threei}  If holds  .70
[09:44] {nemo} if you took lulu, look for bounce here with re-short at 63
[09:47] {nemo} nope
01[09:48] {Threei}  1:1
01[09:49] {Threei}  1:2
[09:49] {thomcbell} nice combo on the lvs - between vad entry and pivot shout out guys
[09:50] {cipher} apei l .50
01[09:50] {Threei}  you took long tbell?
[09:51] {Will49} tks Vad 1"2
[09:51] {cipher} out LAMR .45 +.46
01[09:51] {Threei}  yw
[09:51] {Will49} 1:2
[09:51] {Les} forgot about it tbellnice one
[09:51] {jdetente} thanks Vad
[09:52] {patel} thanks VAD
01[09:52] {Threei}  :)
[09:52] {thomcbell} ebay has really become a volatile stock
[09:52] {dino} lulu sm l .80
[09:52] {backman} vlo?
[09:53] {cipher} out apei -.11
[09:53] {cipher} lulu +.12 thx dino
[09:53] {dino} yeah tbell
[09:54] {dino} upgrade today on it
[09:56] {dino} lol
[09:56] {nemo} market showing heaviness
[09:56] {patel} reshi reshi reshi....I have to condemn you on your work ethic in getting the chatroom but you will need other methods to get in the room. The method you are using are surely not working.
[09:58] {cipher} ROSE L .81
01[09:58] {Threei}  "if you see a closed door, try to open it with your forehead. If it doesn't work on first 100 attempts, proceed till 200."
[09:59] {dino} out lulu .20, +.40
[09:59] {patel} haha
[09:59] {patel} hopefully he reads the chatroom logs and gets the idea.
[09:59] {Will49} wtg dino
01[10:00] {Threei}  he doesn't read his own e-mails
[10:00] {cipher} out CRZO .75 +.19
[10:00] {dino} ty will
[10:00] {dino} gj ciph
01[10:00] {Threei} Short Setup: C  .80 break
01[10:01] {Threei}  If holds  .85
[10:01] {cipher} out rose .98 +.17
[10:01] {cipher} apei l.40
[10:03] {cipher} CSTR L .03
01[10:05] {Threei}  (US) US Supreme Court ruling supports "gray market" for discounters
[10:05] {Les} ?
01[10:05] {Threei}  ummm... hoorray, I think?
[10:08] {dino} lulu new lod
[10:09] {cipher} out APEI .45 +.05
[10:10] {dino} out asps from yesterday, 78.09, +1.72
[10:11] {Will49} wow
[10:11] {Les} GS swan dive
01[10:11] {Threei}  wtg dino
[10:11] {cipher} lulu +.24 thx dino
[10:12] {dino} ty
[10:12] {dino} np cipher
[10:12] {cipher} out SHOO .50 +.36
01[10:13] {Threei}  no go C
[10:14] {Will49} reshi must have a algo set for your room entry
01[10:15] {Threei}  well, I have an algo set to kick him out
[10:15] {Will49} :)
[10:15] {nemo} give me his email, I'll give him the "hey douchebag!" email
01[10:16] {Threei} Long Setup:  LVS  .25 break
[10:17] {nemo} frickin' eagle cams freeze up
01[10:17] {Threei}  I guess downside of using fake e-mail for repeat trial is that you don't read e-mails :)
01[10:17] {Threei}  Invalidated
[10:19] {Les} faded lvs short .16 cover half .06 holding a piece for break of whole
[10:20] {nemo} wow wag
[10:22] {Les} cover last piece -.03
[10:23] {Les} short JPM .76 stop above .85
[10:24] {Les} JPM relatively weaker than c
[10:24] {nemo} boy is Summer gonna' be dead...dead...dead...rotting...dessicated
[10:24] {Les} speaking of C
[10:24] {Les} was a rinse
[10:25] {dino} 07 red
01[10:25] {Threei}  hmmm
01[10:25] {Threei}  no news
01[10:25] {Threei}  oh nemolk, stop with predictions
[10:26] {Les} cover half .70 +.06
[10:26] {cipher} ROSE L .95
[10:26] {dino} wag sm s .48
[10:27] {Les} 3 min bb's being pierced here could be snap back
01[10:28] {Threei}  careful with bounces
[10:28] {Les} yeh
[10:28] {dino} lulu sm l .65
01[10:28] {Threei}  this is not a technical selling
01[10:29] {Threei}  oh come on
01[10:30] {Threei}  (talking to reshi)
[10:31] {dino} cov wag .24, +.24
[10:32] {Les} let him in, take him aside and give him 4x2
[10:32] {nemo} 2X4
[10:32] {Les} 4b2 in Oz speak
[10:32] {dino} nemo, ty wag
[10:32] {nemo} figures it's backwards
[10:33] {Les} harmony
[10:33] {nemo} look for bounce by 44.80ish probably 45 a test
[10:35] {Les} cover q jpm .61
[10:35] {nemo} fas iwm and spy coming into daily pivots
[10:35] {thomcbell} prints on rose there cipher
[10:35] {thomcbell} i bought small
[10:36] {thomcbell} 45.57
[10:36] {cipher} IC
[10:39] {nemo} wag bounce territory
[10:40] {cipher} ROSE L.46
[10:40] {nemo} all the eagle cams lock up on me
01[10:41] {Threei}  stop trying to introduce yourself as reshi
[10:42] {dino} lol
01[10:42] {Threei} Long Setup:  WFC  .75 break
01[10:43] {Threei}  nah, disregard this one
01[10:43] {Threei} Long Setup:  JPM  .65 break
01[10:43] {Threei}  If holds  .60
[10:44] {nemo} wag 45 battle
[10:44] {cipher} out CSTR .59 +.56
01[10:44] {Threei}  change JPM to .60 break
01[10:45] {Threei}  If holds  .55
01[10:45] {Threei}  watch GS as leading indicator
[10:45] {Les} want .51 to cover last piece first :)
[10:47] {patel} nice job Les
[10:47] {cipher} ZUMZ L .20
[10:47] {dino} 07 red
[10:47] {nemo} cypress stories about leaving the Euro
[10:48] {nemo} Europe is DEAD I tell you!
[10:48] {Les} welcome to my nightmare
[10:48] {nemo} jeez Les, do you have to serve up such fat pitches right down the middle of the plate
[10:48] {ese} lots of greedy sob's over there
[10:49] {nemo} don't worry, just take it from the rich
01[10:49] {Threei}  nightmare?
01[10:49] {Threei}  the sooner this ugly contraption galls apart the better
01[10:49] {Threei}  falls
[10:49] {nemo} I get a kick out of it.  Europe has significantly higher taxes as well as huge VAT taxes and gas taxes and they're still going broke, and we think that will work
[10:50] {Les} all covered jpm .44 +.32
[10:50] {nemo} wag looks long here
[10:50] {ese} sea of red in front of me here
[10:50] {nemo} nice tight stop
[10:50] {dino} same cipher, scanners scrolling red
[10:52] {Les} JPM daily pivot is .39 might be a db setup if banksters strengthen
[10:53] {Les} fAS holdign at pivot uspport
[10:53] {Les} .43
[10:54] {Les} GS long lost that support
[10:54] {nemo} WAG hit 1:1
[10:54] {Les} watching for potential TN A long at the .00
[10:54] {ese} Ldvn .59
01[10:55] {Threei}  7% Think Balanced Budget Very Likely In Next 10 Years
[10:56] {Will49} there's confidence for you!
[10:56] {dino} thts as many that are betting i get a hole in one this week
01[10:56] {Threei}  lol
[10:56] {nemo} thought you were married dino?
[10:57] {dino} i am
[10:58] {ese} and shes a lucky women
01[10:58] {Threei}  interestingly enough, no news through this whole selling period
[10:58] {dino} :)
[10:58] {nemo} yeah, but does she think so
[10:58] {ese} profit taking for next leg of rally
[10:58] {dino} is it vote time in cypress?
01[10:58] {Threei}  almost
01[10:59] {Threei}  ese, you are not paying much attention, do you
01[10:59] {Threei}  what profit taking, it's all about Cyprus
[10:59] {nemo} wag long setup again
[10:59] {nemo} iwm spy and fas long setups too
[11:00] {ese} ya but that just happened to come along right in the middle of a 10 period run
[11:00] {ese} it was bound to retrace
[11:00] {ese} regardless of cypress
[11:00] {nemo} I wish the human race would retrace
[11:00] {dino} db taking a hit
[11:01] {ese} we have.....
[11:01] {ese} we are getting stupider by the day
01[11:01] {Threei}  JPM
[11:01] {nemo} If Les died the world average would go up 10 points
01[11:01] {Threei}  let's try for double bottom
[11:01] {Les} took TNA .91 stop -.15 ain't ready
[11:01] {ese} I expect the words common sense to be struck from the dictionary any day now
[11:02] {Les} yeh nemo, in age
[11:02] {Les} you old fart
01[11:02] {Threei} Long Setup:  JPM  .45 break
[11:02] {nemo} I was talking world IQ
01[11:02] {Threei}  If holds  .35
[11:02] {Les} hehehe DUH
01[11:03] {Threei}  watch GS
01[11:03] {Threei}  this one will lead JPM
01[11:03] {Threei}  if it loses .90 and drops, JPM will invalidate
01[11:04] {Threei}  if breaks 151 and runs, should trigger
[11:04] {Les} pivot suport here for GS
[11:04] {Les} .82
[11:04] {nemo} setu[s are good this frickin Cypriot shit though
[11:04] {Les} yeh "do u feel lucky punk..."
[11:05] {nemo} WAG nice setup
[11:05] {nemo} there goes wag  looking for .25 area
[11:05] {ese} in 44 aggressive
01[11:05] {Threei}  well, anything can happen anytime, that's what stops are for
[11:05] {ese} jpm
[11:06] {Les} yeh
01[11:06] {Threei}  and that's why we are more careful today than usual
01[11:07] {Threei}  Cyprus cituation is too confusing for everyone right now
[11:07] {nemo} cyprus is defining rich as having more than $26k in the bank
[11:07] {ese} give it up ya money making sloth ya
01[11:08] {Threei}  if they reject the tax, what's next, EU softening stance on bailout? Or stay firm and let Cyprus fall in hands of Russia?
[11:08] {dino} eu softens
01[11:08] {Threei}  I believe so
01[11:08] {Threei}  but they won't do it at once, they need to save face
[11:08] {dino} they are afraid if one drops, then greece, spain, ireland, etc
01[11:08] {Threei}  so we will mopst likely see a few days of uncertainty
[11:09] {nemo} Cypress is a retirement home for oligarchs anyway
01[11:09] {Threei}  and during this time market is likely to make a bet on EU retreating, thus rally back to highs
[11:10] {dino} i think you have fed on wednesday
[11:10] {ese} jpm gonna take off me thinks
[11:10] {nemo} be interesting if bunny shows up while the eagles are vocal
[11:11] {ese} nice
01[11:11] {Threei}  yes, 2 pm
01[11:11] {Threei}  followed by Ben's press-conference at 2:30
[11:12] {nemo} spy and finnies green
[11:12] {ese} do it jp
[11:12] {ese} ya know ya want to
01[11:12] {Threei}  (CY) Germany Fin Min reportedly tells German MPs that Cyprus situation is very serious, no idea when or if parliament will vote on bailout - press- Believes that without a bailout program, liquidity in Cyprus financial sector will be at risk and banks won't be able to open
[11:12] {ese} vad 2X4 please
01[11:12] {Threei}  2x4 is for shorts ese
[11:13] {patel} what about a concrete block?
[11:13] {ese} hmmm what for ongs
[11:13] {dino} boot
01[11:13] {Threei}  heavy duty army boots kick in the rear
[11:13] {ese} nice
[11:14] {thomcbell} rose bounce off 200 sma
[11:14] {nemo} kors looks long here
[11:14] {ese} that should do it
01[11:14] {Threei}  (EU) ECB's Mersch: Financial integration remains on the agenda for the EMU; integration is important for transmission of monetary policy- Stronger financial integration will help the economy
01[11:14] {Threei}  really Mersch?
01[11:15] {Threei}  I for one beg to differ
01[11:15] {Threei}  and I am sure whole island of Cyprus
01[11:15] {Threei}  and Greece
01[11:15] {Threei}  and Italy
[11:16] {ese} shoulda taken that .05 when i had it
[11:16] {dino} they were fools giving up currency control
[11:16] {patel} exactly 50 minutes from last entry
[11:17] {ese} ya doof ...get lost can't ya see i'm concentrating
01[11:17] {Threei}  lol
[11:17] {ese} not you patel..........the reshi looser
[11:17] {patel} haha ese
01[11:17] {Threei}  think he has a script probing every 50 min?
01[11:17] {Threei}  nopem it was 15 min before that
[11:18] {jdetente} definitely a script he's running
[11:18] {ese} L some more jpm
[11:18] {ese} .44
01[11:18] {Threei}  I didn't expect JPM to be this meek... normaly it has more fire under its behind
[11:19] {Les} indexes almost at vwap while banksters lag
01[11:19] {Threei}  especially considering GS run
[11:19] {dino} 07 green
[11:19] {ese} ya true
[11:20] {ese} still think it'll do ok
01[11:20] {Threei}  another break GS
01[11:20] {Threei}  come on JPM, look at big brother
06[11:20] * Threei kicks JPM in the rear with heavy duty steel toe army boots
[11:21] {patel} dino what does 07 mean?
[11:21] {ese} thank you
[11:21] {Les} jpm salmon
[11:21] {ese} indeed
[11:21] {dino} out lulu .15, +.50, toughie
01[11:22] {Threei}  out of three possible followers to GS (C, WFC and JPM), this one looked the most promising
[11:22] {ese} dino looks a indicators from 2007 at same time and if they were green then there green now and he goes long
01[11:22] {Threei}  so far, doesn't justify our trust
[11:23] {ese} just kidding Patel
[11:23] {Will49} means James Bond gives market thumbs up
[11:23] {dino} ese, ese, ese.....what am i to say to that?
[11:23] {patel} haha
[11:23] {patel} I was like thats bs
[11:23] {ese} rotflol
01[11:23] {Threei}  it is patel... in truth, those indicators are ftom 1997
[11:23] {ese} hmmmmmmm didn't think that i could fool ya
[11:24] {dino} patel, its my primary scanner, 25 stocks constantly scrolling
01[11:24] {Threei}  let's scratch JPM
01[11:24] {Threei}  no energy whatsoever
[11:24] {dino} ya think
01[11:25] {Threei}  I don't... but thanks for flattering assumption
[11:25] {ese} gonna give it one more shot
[11:25] {dino} ;)
[11:25] {ese} opps maybe not
[11:27] {ese} stopped jpm
[11:27] {ese} i needed some excitement though
[11:27] {dino} nsm drop
[11:28] {ese} am making it up with DVN  though
01[11:28] {Threei} Long Setup:  CAT  .45 break hl
01[11:28] {Threei}  If holds  .35
01[11:29] {Threei}  aggressive for .50
01[11:31] {Threei}  what the deuce
01[11:31] {Threei}  ah
01[11:31] {Threei}  news
01[11:31] {Threei}  Cyprus Fin Min Resigns
[11:31] {dino} ]'c'mon stewey
01[11:31] {Threei}  shrug
[11:31] {Les} took the easy way out hey
[11:32] {dino} most likely received a threat les
[11:32] {Will49} some Russian guiy showed him his gun
01[11:32] {Threei}  why stick with bunch of losers and idiots... wait, he is one of them
01[11:34] {Threei}  you think lulu pants are sold in russia, will?
[11:35] {Will49} LOL
[11:35] {Les} like I said the easy way out
01[11:36] {Threei}  hold that line CAT
[11:36] {ese} lets face it .......you know that Finance minister has been skimming off the top somewhere
01[11:36] {Threei}  you can do it
[11:37] {jdetente} http://www.youtube.com/watch?v=ZcVEOc7ZYgk
01[11:37] {Threei}  well ya... but when Ivan the Enforcer and Yuri the Kneecapshooter apprear at your door in lulu pants...
[11:38] {dino} cat stop -.10
01[11:38] {Threei}  ugh... no go CAT
[11:38] {jdetente} ah dang I thought Toto would help CAT
[11:38] {ese} great tune JD
[11:44] {ese} L akam .59
[11:45] {ese} that was an excellent band.......very musical.....more than mose
[11:45] {ese} most
[11:46] {jdetente} yeah they were pretty good...kinda cheesy but all good musicians
[11:46] {dino} wac getting whacked
01[11:48] {Threei} Short Setup: LVS  .15 break
[11:48] {Les} s JPM .29
01[11:48] {Threei}  If holds  .25
[11:49] {Les} cover half .21
01[11:49] {Threei}  (CY) Parliament vote on Cyprus bank levy said to still be expected to transpire today, with the ruling party exploring a possible abstention from vote - financial press- Parliament set to vote down the current proposals - Note: There have been conflicting reports throughout the day on whether or not this vote would go ahead
[11:51] {Les} damn covered twice by accident so nothing left in JPM
01[11:51] {Threei}  Euro vs US Dollar Sets fresh session lows below 1.2900
01[11:51] {Threei}  wtf
01[11:51] {Threei}  ever since opening wins, I pick exactly wrong stocks
[11:51] {Les} indexes went to vwap and reversed
[11:51] {ese} don't really follow forex that much........what does this one mean vad
[11:51] {Les} bankster were biiig market laggers
01[11:52] {Threei}  SPY mostly follows Euro these days
[11:52] {ese} ahhhhhhhhh
[11:52] {ese} ok
01[11:52] {Threei}  and Euro is a walking corpse
01[11:52] {Threei}  zombie
01[11:52] {Threei}  die LVS
[11:53] {Will49} die reshi
01[11:53] {Threei}  rofl
[11:53] {jdetente} lol\
[11:53] {thomcbell} gld and miners moving
01[11:53] {Threei}  man, this is one persistent door knocker
[11:53] {jdetente} CAT dying
01[11:54] {Threei}  everything is but no, I had to pick LVS
01[11:54] {Threei}  some days you are just not feeling it...
01[11:54] {Threei}  I'd suggest you shoot me but I am sure nemo will glaldy oblige
01[11:55] {Threei}  - It has become clear that Cyprus's Parliament will most likely reject the terms of the �10B bailout package, forcing Cyprus to return to the negotiating table. However the island nation may be damned if it accepts the package and damned if it rejects it: Cyprus Central Bank Gov Demetriades said that if the deposit levy measure passes, the banking sector could see outflows of at least 10% in a few days, while if it doesn't Cyprus could be forced to leave the eurozone.
[11:56] {jdetente} LVS is dying a slow death
01[11:56] {Threei}  1:1
[11:56] {jdetente} there it is
01[11:56] {Threei}  yes but we like fast one
01[11:56] {Threei}  and desirably painful
01[11:56] {Threei}  uhhh... I might have overcommunicated with nemo...
01[11:57] {Threei}  1:2
01[11:57] {Threei}  finally
[11:57] {Will49} out tks vad
01[11:57] {Threei}  yw
[11:57] {nemo} ?
[11:57] {jdetente} nice out LVS
[11:58] {jdetente} thanks Vad
01[11:58] {Threei}  1:3, out
01[11:58] {Threei}  whew
01[11:59] {Threei}  someone copy this play and send it to reshi
[11:59] {jdetente} lol!
[11:59] {patel} give me his email
01[12:00] {Threei}  with comment: this one would have paid for month in the room
[12:00] {patel} and his mailing address
01[12:00] {Threei}  hehe
[12:00] {patel} i will email it and mail a copy
[12:00] {Will49} no no no, that'll encourage him
[12:00] {patel} alphaguru aka reshi
01[12:00] {Threei}  oh good, he changed the nick
01[12:00] {Threei}  man... some people
[12:00] {patel} he is the guru of the alphabet
[12:00] {ese} hmmmmm crap. stopped dvn ..10 -.49.
[12:00] {ese} sm shs but still......not a good day
01[12:01] {Threei}  (CY) Reminder: Cyprus parliament expected to convene in the next few hours to debate the bank deposit levy and bailout program- Reports have said a vote could occur today to reject the original deposit levy plan. The situation is very fluid and its currently not clear if another vote might occur tomorrow after more meetings amongst Cypriot MPs. Cyprus President Anastasiades made it clear that Parliament would reject the original deposit levy plan that taxed all accounts at a minimum of 6.75% and up to 9.9%. Reports yesterday said Cyprus could revise those levies to exempt smaller accounts of up to �20K (or possible all the way up to �100K), which would require higher levies on larger accounts. Other ideas that have been floated include raising up to �400M from senior debt holders of failed banks, and making the bank levies more punitive on foreign depositors. Another notion was circulated was for Cyprus to trade development rights for its offshore gas fields in exchange for Russia giving Cyprus additional support. - Banks will be closed at least through Wednesday to prevent a run on banks ahead of the bailout vote being taken. - The Eurogroup made it clear yesteday and today that Cyprus has flexibility in setting the parameters of the "bail in" but that it must raise �5.8B no matter how it is framed. - Ahead of the Cypriot parliament debate, markets are generally in risk off mode on speculation about the fallout of a failed vote in Cyprus, which might include anything up to a default or a Euro Zone exit.
01[12:02] {Threei}  see, thnis is how they corner themselves:
01[12:02] {Threei}  The Eurogroup made it clear yesteday and today that Cyprus has flexibility in setting the parameters of the "bail in" but that it must raise �5.8B no matter how it is framed.
01[12:03] {Threei}  imbeciles
[12:03] {Les} it's clear domestic politics now trumps EU politics
01[12:04] {Threei}  that's what centripetal forces means
01[12:05] {Threei}  and that's the major conflict that lies in the foundation of EU predetermined demise
[12:07] {Les} sm gpor long .73
[12:10] {dino} csl drop
[12:11] {Les} stop .64
01[12:11] {Threei}  cisual http://goo.gl/BiCfk
01[12:11] {Threei}  visual too
[12:14] {thomcbell} rose - lol
[12:14] {thomcbell} shinook
03[12:14] * Retrieving #discussions modes...
01[12:15] {Threei}  hmm?
[12:15] {thomcbell} right back up to vwap
06[12:16] * Threei slaps cc_8 around a bit with a alarm clock
[12:16] {thomcbell} i gotta go - guys trade well
01[12:16] {Threei}  take care tbell
[12:16] {Les} ciao t
01[12:17] {Threei}  you guys might think it's insane but
01[12:17] {Threei} Short Setup: LVS  .80 break
[12:17] {Les} nah was looking at the same thing
01[12:17] {Threei}  If holds  .90
01[12:17] {Threei}  ok, then it is for sure insane
[12:18] {Les} agreed
[12:20] {dino} lulu sm l .26
01[12:20] {Threei}  Invalidated
[12:21] {Les} CAT long .82 sm bottomfishing
[12:22] {dino} wac sm l .50 break
[12:25] {Les} managed to get 35 shares off at .92 lol
[12:26] {jdetente} here it goes
01[12:27] {Threei}  35 shares? don't spend all your winnings at once
[12:27] {Les} :)
[12:27] {jdetente} lunch buffet
01[12:27] {Threei}  you may cause hyperinflation singlehandedly
[12:28] {Les} another 65 at .99 yay
[12:28] {Les} tna 86.25 ain't looking so expensive anymore...
[12:30] {Les} all out +.11
01[12:30] {Threei}  (CY) Cyprus ruling party said to have requested postponement of vote on bailout package -
[12:30] {Les} these guys sound like greeks
01[12:30] {Threei}  exactly same MO
[12:32] {Les} possibility for DB's in indexes coming
[12:32] {Les} db's in 3 min, which is what I seek
[12:40] {Les} damn CAT kept going
[12:40] {Les} maybe a short a t 88 if market reverses again
[12:48] {nemo} had short signal 2 min ago
[12:50] {Les} yeh 1 min was good but 3 min still strong. let eating dogs lie its lunchtime
[12:51] {nemo} let sleeping dogs lie
[12:51] {Les} paraphrased to account for lunch Nemo
[12:51] {Les} jeeeez
[12:51] {nemo} did you take a short bus to school Les?
[12:51] {Will49} haha...short bus
[12:51] {Les} special bus?
[12:57] {nemo} watch lulu for a reshort in the .70 area
01[12:57] {Threei}  there must be a joke in there somewhere
01[12:57] {Threei}  considering the reason for LULU weakness
[12:58] {Les} GS back to lows
[12:58] {Will49} i have a weakness for Lulu pants
[12:58] {Will49} on women
01[12:59] {Threei}  thanks for this elabiration
[12:59] {Will49} not so much Russians with guns
01[12:59] {Threei}  i=o
[12:59] {Les} oooh nice will
[12:59] {Les} looking at images
[13:02] {Les} GS at lows FAS might be making higher lower here
[13:04] {Les} CAT back to lows
[13:06] {dino} life
[13:07] {Les} yeh I know I need to get one dino
01[13:07] {Threei} Long Setup:  AIG  .05 break
01[13:07] {Threei}  If holds  .98
[13:09] {Les} CAT break of lows?
01[13:10] {Threei}  .70 break, if SPY drops... sure
01[13:11] {Threei}  LVS old setup is valid too
01[13:19] {Threei}  LVS baby
01[13:19] {Threei}  anyone took?
01[13:20] {Threei}  coming on 1:2
[13:20] {jdetente} yes sir
[13:20] {Les} yeh small
01[13:20] {Threei}  :)
01[13:20] {Threei}  CAT slowly claws its way to 1:1 too
[13:20] {jdetente} 1:2 and out
01[13:20] {Threei}  me too
01[13:20] {Threei}  with LVS today I feel I went to this well enough times
[13:20] {dino} dropping
[13:20] {Will49} Tks vad...getting better
[13:21] {Will49} with LVS
01[13:21] {Threei}  this is third short on it
01[13:21] {Threei}  first broke down too fast right at the open, we missed it
01[13:22] {Threei}  two others worked
01[13:22] {Threei}  with JPM long for 1:2 earlier, quite nice
[13:24] {jdetente} LVS at 1:3
[13:25] {Les} crap managed to go long LVS .60  that was a cockup
[13:25] {jdetente} over covered?
[13:25] {Les} yeh don't like fusion as much as laser
[13:27] {Les} all covered on CAT and off to Aikido c u's tomorrow
01[13:27] {Threei}  CAT bounced 2 cents of 1:2
01[13:27] {Threei}  take care Les
[13:27] {dino} cya
[13:33] {jdetente} Vad I've got a beer for you to try. A really tasty Russian Imperial Stout
[13:33] {jdetente} http://www.northcoastbrewing.com/beer-rasputin.htm
01[13:36] {Threei}  haven't seen it in out stores... will keep an eye out, thanks
01[13:37] {Threei}  dexcriptuion sounds like the kind I'd like
01[13:37] {Threei}  description too
[13:37] {nemo} 153.38 is weekly S3 on the spy
[13:38] {jdetente} pretty high alcohol and a rich taste. It's a good one for the cold months.
01[13:43] {Threei}  I don't want to be seen as difficult or disagreeable jd, but I must ask: what's wrong with all that during hot months?
01[13:44] {Threei}  (CY) Cyprus Fin Min denies earlier reports that he had submitted his resignation
01[13:44] {Threei}  OK, I guess russian mob phoned and said "what resignation, you little prick? You go back in there and fix it, or we will help you resign from this planet"
[13:44] {jdetente} I can't fight your logic on that one
[13:45] {nemo} No...help his family resign from the planet
01[13:45] {Threei}  really? I thought my statement that "I don't want to be seen as difficult or disagreeable" will send you on the floor in stitches
01[13:45] {Threei}  I am sure nemo fainted when read that
01[13:46] {Threei}  crap did we cover LVS too soon or what
[13:46] {jdetente} oh man
[13:46] {jdetente} that really tanked
[13:56] {dino} wac drops again
01[13:56] {Threei}  btw will... you realize room becomes 12% cheaper for you next month? :)
[13:56] {dino} for me?
01[13:56] {Threei}  will
[13:57] {Will49} ?
01[13:57] {Threei}  our province axes HST
[13:57] {Will49} oh yeah
01[13:57] {Threei}  under GST/OST combo educational courses are not taxed
[13:58] {Will49} the next change is to NDP governement
01[13:58] {Threei}  nor membership in clubs, investment groups etc, so however they qualify us, we are tax-free
01[13:58] {Threei}  well, that one I appreciate less
[13:58] {Will49} agree
01[13:58] {Threei}  but it's inevitable
01[13:59] {Threei}  then again, ese will be probably happy... so let's enjoy it vicariously through him {G}
[13:59] {Will49} oops
[14:01] {dino} out lulu .76, +.50
01[14:01] {Threei}  wtg
01[14:01] {Threei} Long Setup:  CAT  .76 break hl
01[14:01] {Threei}  .75
01[14:02] {Threei}  If holds  .65
[14:04] {dptl} done for today...see ya tomorrow all
01[14:04] {Threei}  take care dp
[14:04] {Will49} be good dp
[14:04] {dino} cya dp
[14:04] {dino} elli sm l .25
01[14:07] {Threei}  1:1
01[14:08] {Threei}  1:2
01[14:08] {Threei}  The continent of Europe is so wide,
01[14:08] {Threei}  Mein Herr.
01[14:08] {Threei}  1:3, out
[14:08] {jdetente} out
[14:08] {jdetente} thanks Vad
01[14:08] {Threei}  Inch by inch...
01[14:08] {Threei}  Step by step...
01[14:08] {Threei}  Mile by mile...
01[14:08] {Threei}  Trade by trade
[14:09] {dino} asps sm l .85
01[14:09] {Threei}  who knew Liza Minelli was a trader, and foresaw European crisis
[14:09] {dptl} lol
[14:09] {jdetente} now that had me rolling
[14:09] {Will49} :)
01[14:11] {Threei}  dp, you left I thought
[14:11] {patel} nice call on CAT
01[14:11] {Threei}  I have my moments...
[14:11] {dptl} i am..just counting something here
01[14:11] {Threei}  with age they are fewer anf farther between though
01[14:11] {Threei}  counting something?
01[14:12] {Threei}  money I guess?
[14:12] {dptl} well..what else at this time..lol
01[14:13] {Threei}  and btw, speaking of Liza and EU,
01[14:13] {Threei}  isn't it a song of Cyprus, Greece etc:
01[14:13] {Threei}  Bye-Bye, Mein Lieber Herr.
01[14:13] {Threei}  Farewell, mein Lieber Herr.
01[14:13] {Threei}  It was a fine affair,
01[14:13] {Threei}  But now it's over.
01[14:13] {Threei}  And though I used to care,
01[14:13] {Threei}  I need the open air.
01[14:13] {Threei}  You're better off without me,
01[14:13] {Threei}  Mein Herr.
[14:15] {Will49} when Vad sings ese bails out
01[14:15] {Threei}  me? no
01[14:15] {Threei}  me only listens
01[14:15] {Threei}  good thing Les left though... he obviosuly doesn't like Liza
01[14:18] {Threei}  LOL:
01[14:18] {Threei}  How do I approach my neighbor and tell him that his WI-FI isn't working?
01[14:18] {Threei}  OK
[14:18] {Will49} LOL
01[14:18] {Threei}  Cyprus bill is rejected
01[14:19] {Threei}  as expected
[14:19] {Will49} ask your neighbour for his new password
[14:19] {Will49} :)
[14:19] {patel} damn and I thought Reshi was cheap.
[14:20] {dino} lol
01[14:20] {Threei}  lol
01[14:20] {Threei}  that's a good one patel
[14:21] {patel} haha
01[14:23] {Threei}  the best though was an e-mail from some guy in russia, set new record I think:
01[14:24] {Threei}  "I managed to download Techniques of Tape Reading, and I have some questions... here they are: etc"
[14:24] {Will49} the gall
01[14:24] {Threei}  in russian btw
[14:25] {jdetente} wow haha
[14:25] {jdetente} no shame
01[14:25] {Threei}  mentality is different over there... it's so normal to download pirated content that he didn't even realize how ridiculous it sounds
01[14:26] {Threei}  "I stole your book, now can you help me understand it?"
[14:26] {Will49} and you said....?
[14:26] {patel} atleawst he could have said
01[14:27] {Threei}  "Not even for the price of the book. Personal mentoring runs at the rate of $100/hour"
[14:27] {patel} I bought your book of Ebay.
[14:27] {patel} thanks for the download idea. I didnt know u were that famous.
[14:27] {patel} hahah
[14:27] {patel} jk
01[14:28] {Threei}  TTR was stolen and put on torrents in two weeks after McGraw Hill published it in ebook form
[14:29] {Will49} it was reshi that did it
01[14:29] {Threei}  lol
[14:30] {jdetente} reshi works in mysterious ways
[14:30] {patel} speaking of which
01[14:30] {Threei}  a week or two morte of this, and we will conclude he also ruined Carphagen, killed Kennedy and stole Faberge eggs
[14:30] {patel} I need to torrent Mirc...
01[14:31] {Threei}  why?
01[14:31] {Threei}  they don't insist on paying, it remains functional, you just get a nag
[14:31] {patel} oh okay
[14:31] {patel} thing says I only have 25 days
[14:31] {patel} reamining
[14:32] {nemo} we can only hope
01[14:32] {Threei}  unless something changed... it's been many years since I got mine
[14:32] {Will49} hahaha nemo
[14:32] {jdetente} lol
[14:33] {jdetente} nemo is just your friendly neighbourhood misanthrope
[14:33] {Will49} misanthrope anyway
[14:33] {nemo} mmmhhhh....I think those terms are mutually exclusive
[14:34] {jdetente} you know the guy that smiles to your face and then poisons your lawn
[14:34] {jdetente} ha
[14:34] {nemo} No, I'll sneer in your face and then shove my boot up your ass
[14:34] {jdetente} let me rephrase...violent misanthrope
[14:35] {nemo} Don't worry, I won't hurt your animals
[14:35] {jdetente} what about my bunny traps?
[14:35] {Will49} misanthrope=guy who won't save you from drowning
[14:35] {nemo} It'll be fun skinning you
[14:35] {nemo} alive
[14:36] {jdetente} http://knoji.com/images/user/rabbit_trap_interior_view%281%29.jpg
[14:45] {ese} awesome.......akam making up for earlier losses
01[15:05] {Threei} Short Setup: JPM  .95 bresak
01[15:06] {Threei}  If holds  .05
[15:08] {patel} Call Reshi neighbor up and tell him to change teh WiFi password.
01[15:09] {Threei}  man... this is incredible, lol
[15:09] {Will49} yeah..
01[15:09] {Threei}  never saw anything like this
01[15:12] {Threei}  (CY) Germany CDU Deputy Chief Meister: Conditions for Cyprus bailout have not been met, rejection of bailout plan was Cypriots own decision- Must review possible measures to help protect the Euro
01[15:12] {Threei}  Bye-Bye, Mein Lieber Herr...
01[15:13] {Threei}  (CY) Cyprus party leaders said to have discussed plan B and C following defeat of bailout program involving levy upon banking deposits - press- Cyprus President schedules talks for tomorrow morning (Wednesday) to handle the bailout
01[15:13] {Threei}  no go JPM
[15:14] {jdetente} good stop out
[15:14] {jdetente} look at it go
[15:14] {dino} rally
[15:14] {patel} market up up and up
01[15:14] {Threei}  new news
01[15:14] {Threei}  yup
01[15:15] {Threei}  ECB caved
01[15:15] {Threei}  15:14(CY) ECB to provide liquidity to Cyprus within existing rules
01[15:22] {Threei}  so, are they really preaperd to fully withdraw their requirement, and provide whole 10-15B?
01[15:23] {Threei}  what a PR disaster
[15:26] {Will49} speaking of disasters
01[15:26] {Threei}  man
01[15:26] {Threei}  lol
[15:26] {nemo} is Les back?
01[15:27] {Threei}  I feel like iceberg of which Titanic crashes repeatedly for some reason... backs off and hits it again
[15:28] {Will49} maybe he'll sink one of these times
01[15:28] {Threei}  iceberg's like "man, go away, will ya..."
[15:28] {dino} lol, tiny cyprus rules the ecb
01[15:29] {Threei}  contagion man, contagion...
01[15:29] {Threei}  altrenative response: see? size doesn't matter!
[15:36] {patel} not according to her
[15:36] {patel} She says size always matter!
01[15:37] {Threei} Long Setup:  AIG  .20 break
01[15:37] {Threei}  If holds  .15
01[15:38] {Threei}  want one last scalp
[15:43] {Les} what r we in?
01[15:44] {Threei}  AIG with .14 stop
01[15:46] {Threei}  move your butt AIG, I want my JPM stop back
06[15:49] * Threei pokes AIG in the ribcage with sharp stick
01[15:51] {Threei}  half out
01[15:51] {Threei}  time's running out, so cutting risk a bit
01[15:51] {Threei}  stop to .19
01[15:52] {Threei}  good boy'
01[15:52] {Threei}  1/4 more out .34
01[15:52] {Threei}  JPM stop is gotten back
01[15:53] {Threei}  5 min to go over .40 AIG
01[15:53] {Threei}  do it
01[15:53] {Threei}  stop .23 btw
[15:56] {nemo} DIA green
01[15:57] {Threei}  2 min
06[15:58] * Threei recharges electrostick and pokes AIG in the ribcage again
01[15:58] {Threei}  1 min
[15:59] {Will49} good finish Vad...tks
01[15:59] {Threei}  OK, out .35
01[15:59] {Threei}  saved by the bell, AIG, lol
01[15:59] {Threei}  look, .39
01[15:59] {Threei}  grrr
01[15:59] {Threei}  .40 right on the bell
01[15:59] {Threei}  OK guys, thank you all
[16:00] {Will49} see ya tomorrow
01[16:00] {Threei}  have a good evening, see you tomorrow
[16:00] {dino} thx all. see you monday or tuesday
01[16:00] {Threei}  have fun dino!
[16:00] {jdetente} g'night all

Monday, March 18, 2013

March 18 2013

Almost flat, just a tad negative day, as we misjudged the direction in the morning and dug a hole which took the rest of the day to fill. Fill it we did though, with careful inch by inch, step by step trading. Some hated Liza Minnelli reference though.


Session Time: Mon Mar 18 00:00:00 2013

[08:54] {jdetente} good morning all
01[08:55] {Threei}  jd :)
[09:01] {patel} Good Morning
01[09:03] {Threei}  patel :)
[09:13] {dino} gm
01[09:13] {Threei}  dino :)
[09:13] {ese} gm
[09:13] {ese} dino vad
01[09:14] {Threei}  ese :)
[09:15] {dino} the bank runs may begin across the pond
[09:15] {ese} this should be interesting........gold silver precious metals up...everthing else dn?
01[09:15] {Threei}  yes
[09:16] {dptl} gm
01[09:16] {Threei}  dp :)
[09:19] {ese} ddddddddddddddppppppppppppppppp!!!!!!!!!
[09:19] {backman} gm
[09:19] {ese} you'll notice that wasn't very long dp.......indicating i'm tired this morning
[09:19] {ese} usually that greeting is twic as long
01[09:19] {Threei}  backman :)
[09:20] {ese} backman............your Back..............Man!
[09:20] {backman} u got my back, Robin? time for ur spring time song
[09:20] {Will49} gm
[09:22] {ese} will
[09:22] {dino} spring? not here, 16 degrees f at kids bus stop thos morning, 4-6 inches of snow this afternoon
01[09:22] {Threei}  will :)
01[09:22] {Threei}  sheesh
[09:22] {Les} I'm baaaack
01[09:23] {Threei}  nemo issues sigh of relief :)
[09:23] {ese} let the bells ring let the banners fly
[09:23] {ese} les
[09:23] {nemo} think I'll go get a vasectomy
[09:24] {ese} lol
[09:24] {Les} after your sunday report, I'd like to witness that...
[09:25] {nemo} no sense of humor
[09:25] {Les} :)
01[09:26] {Threei}  it was what, about a week or two ehen we had an exchange about too much complacency and sudden even oddsa rising
01[09:26] {Threei}  well, there we go
[09:27] {ese} ok ...heres one for the record books.......due to Will presense last friday at our(whats turning out to be a regular Grimbergen beer night)........it was his turn to buy..........and they give us a free round........talk about luck of the Irish or what
01[09:27] {Threei}  who knew tiny Cyprus can become a trigger to ppotentially EU-breaking down chain of events
[09:27] {Will49} ;)
[09:27] {nemo} The Russian Mob?
01[09:27] {Threei}  nah
01[09:27] {Threei}  they'll swallow it
[09:28] {cipher} gm
01[09:28] {Threei}  cipher :)
[09:28] {ese} C  !
[09:28] {Les} yeh events in Cyprus are certainly one for concern. Very disturbing precedent
01[09:28] {Threei}  (CY) Eurogroup will maintain contact with Cyprus Parliament; could hold a conference call after bank deposit levy vote - financial press**Reminder: Cyprus Parliament vote delayed once again and now expected to take place on Tuesday, March 19th in the late afternoon local time. The original vote was scheduled for Sunday and delayed once again on Monday
[09:29] {ese} ok.......whos shortin what to start?
01[09:29] {Threei}  I an waiting a few minutes
01[09:29] {Threei}  too much emotions and confusion
01[09:30] {Threei}  FB rug pull
[09:31] {ese} FB
[09:31] {ese} opps beat me to it
01[09:31] {Threei} Short Setup: FCX.15  break hl
[09:31] {Will49} let's shoty reshi
[09:32] {ese} is it any wonder......i'm firmly convinced everyone hates that company
01[09:33] {Threei}  you'll have to explain the run from under 17.50 to 32.50 then
[09:34] {dino} qcom feb gap fill, one more from jan 62 area
[09:34] {cipher} AVGO L.12
[09:34] {cipher} SWKS L .02
01[09:36] {Threei} Short Setup: SLW  .70 break
01[09:36] {Threei}  If holds  .80 
[09:36] {cipher} out swks .24 +.22
01[09:36] {Threei}  no go FCX
[09:36] {cipher} out avgo .36 +.35
[09:37] {cipher} sorry +.25
[09:37] {dino} gj
[09:37] {nemo} they couldn'
[09:38] {nemo} push it back to 154, so we goo to 155 likely
[09:38] {cipher} CME L .53
[09:39] {cipher} xone l .95
01[09:40] {Threei}  let's tral to .76
[09:41] {cipher} dtv l .08
01[09:41] {Threei} Short Setup: GDX  .95 break
01[09:42] {Threei}  If holds  .05 
01[09:43] {Threei}  GDX stop .01
[09:44] {cipher} yndx l .65
01[09:44] {Threei}  out SLW
[09:45] {cipher} out yndx .90 +.25
01[09:46] {Threei}  hmmm
01[09:46] {Threei}  not delighted
[09:47] {ese} L akam .51
[09:47] {cipher} bwld l.06
[09:48] {cipher} out cme .60 +.07
[09:49] {dino} ebay sm l .98
01[09:51] {Threei} Short Setup: FB  .35 break
01[09:51] {Threei}  If holds  .40 
[09:53] {Les} nabbed slw .79 shrot
[09:53] {Les} partial
[09:53] {Les} .70
01[09:55] {Threei}  FB should give .15 - .20
[09:55] {cipher} out xone .00 +.05
[09:56] {backman} fb stop .40 o r45
01[09:56] {Threei}  .41
[09:56] {thomcbell} lvs impressive
01[09:57] {Threei}  yeah, but time to seek short entry on it
[09:57] {cipher} out bwld .37 +.35
01[09:57] {Threei} Short Setup: LVS  .50 break hl
01[09:57] {Threei}  If holds  .60 
[09:58] {dino} cvi sm l .25
01[09:58] {Threei}  no go FB
[09:59] {cipher} HAIN L .41
01[10:00] {Threei}  ok LVS, time to trigger and die
[10:00] {Les} q cover .60 slw
[10:01] {cipher} ONXX L .61
[10:01] {thomcbell} ryl drop 
[10:02] {nemo} here comes 155, then we'll see what happens
01[10:02] {Threei}  frikin GDX rinse
[10:04] {cipher} out onxx .47 +.86
01[10:04] {Threei}  wtg
[10:05] {cipher} ty
[10:05] {dino} ebay stop .75, -.23
[10:05] {cipher} out hain .65 +.26
01[10:06] {Threei}  grr
01[10:06] {Threei} Short Setup: GLD  .80 break hl
01[10:06] {Threei}  If holds  .90 
[10:07] {ese} L some more akam avg .54
[10:08] {ese} give it a rest buddy
01[10:09] {Threei}  reshi?
[10:09] {dino} cvi stop .99, -.26
01[10:09] {Threei}  shrug
01[10:10] {Threei}  some think changing name and e-mail entitles them to second trial {G}
[10:10] {Les} well I got in :)
[10:10] {nemo} still at it
[10:10] {nemo} yeah, you're a charity case
[10:10] {Les} :P
01[10:11] {Threei}  GLD stop to .81
[10:11] {nemo} you're kinda' like a Helsinki Syndrome
01[10:11] {Threei}  tagged 1:1
[10:13] {Les} oh it's the same as stockholm
[10:13] {cipher} RYL L .99
[10:13] {nemo} yeah, maybe that's it
[10:13] {Les} SLW bouncing off VWAP resistance. See if it gets sold off again here
[10:13] {Les} still holdinga piece
[10:14] {nemo} might be closer to Thai Gonnarrhea actually
01[10:14] {Threei}  1:1
[10:14] {cipher} BRLI L .68
01[10:14] {Threei}  half out
[10:15] {nemo} o.k ging above 155, we should close the gap if it holds above 155
01[10:15] {Threei}  1:2
[10:15] {Les} scalped GLD south of .70 missed yer original entry +.10 ty
01[10:15] {Threei}  yw
01[10:16] {Threei}  it bounced almost to the entry before dropping though
01[10:16] {Threei}  why not take conervative entry}
01[10:16] {Threei}  ?
[10:16] {Les} looking at the miners
[10:18] {cipher} out brli .91 +.23
01[10:19] {Threei}  1:3 GDL, out
01[10:20] {Threei}  +.29
[10:20] {cipher} pcrx l .55
01[10:20] {Threei} Long Setup:  BBRY  .50 break
01[10:20] {Threei}  If holds  .40 
[10:21] {ese} am getting one of those.."i'll be hitting the golf course in a hour type of plays" with akam
01[10:22] {Threei}  no go BBRY
[10:23] {cipher} ebix l .14
[10:24] {Les} covered final piece of slw
[10:24] {Les} .62
[10:24] {Les} DB'd
01[10:25] {Threei}  wow, too soon GLD
01[10:27] {Threei}  FB haters seem to migrate to some other planet at exactly 9:34
[10:27] {nemo} ok, now we're going for the other half of the gap
[10:27] {dino} hp sm l .49
[10:28] {cipher} LBTYK L .53
01[10:28] {Threei} Long Setup:  FB  .60 break
01[10:28] {Threei}  If holds  .50 
[10:29] {Les} LVS
[10:29] {Les} maybe dt here
[10:32] {ese} out akam .85 +.31.....and i ain't even gonna tell ya the shs..........AND!!!!! i'm even fartur ahead because Will bought the beer last friday and we got a free round...........
[10:32] {ese} farthur
[10:33] {Les} LVS was a dt covered all but a piece .71
[10:33] {Will49} hey....i'm tryin" to trade here
[10:34] {ese} lol
[10:34] {Will49} you're distracting me :)
[10:34] {Will49} as Will tries to find the ignore button
[10:35] {cipher} out LBTYK .69 +.16
[10:35] {Will49} kidding ese
[10:35] {Les} aapl bearish divergence here 
[10:36] {ese} ese.......hangs head from another beating on the board.........slowly walking away mumbling....nobody likes me
[10:36] {cipher} out ryl .21 +.22
[10:37] {Les} market trying to get up but GS stuck at VWAP
[10:37] {Will49} i'm the only one
[10:37] {Les} FB two way vad?
01[10:37] {Threei} Short Setup: C  .20 break
[10:37] {Will49} Will sings 'you've got a friend"
01[10:37] {Threei}  If holds  .30 
01[10:37] {Threei}  looks like Les
[10:40] {ese} lol
[10:40] {Les} lvs fully covered .60 +.18
01[10:41] {Threei}  C stop to .26
[10:42] {cipher} ryl leroad .20
[10:43] {backman} Qcom?
[10:43] {nemo} buy at trend
[10:45] {Les} half covered c ty sir
01[10:45] {Threei}  1:1
[10:46] {cipher} hibb l .04
[10:47] {nemo} banks closed until THursday in Cypress
[10:51] {cipher} out hibb -.09
01[10:55] {Threei}  FB 1:1
[10:55] {Les} ty sir small piece left
01[10:55] {Threei}  day becomes brighter
01[10:56] {Threei}  step by step... trade by trade... (Liza Minelli)
[11:00] {ese} lol
[11:02] {backman} Fb,,,new stop?
[11:02] {nemo} step by step, inch by inch, slowly I turned....
[11:03] {cipher} ALGN L .33
[11:03] {cipher} SGEN L .27
[11:03] {nemo} mmmhhhh lvs long here?
01[11:03] {Threei}  just under b/e, backman
[11:04] {cipher} SHPG L .74
[11:07] {cipher} out algn .47 +.14 
[11:08] {cipher} out sgen .31 +.04
[11:10] {nemo} pay
[11:12] {nemo} Hey Ese! u there?
[11:12] {nemo} http://www.youtube.com/embed/XlyCLbt3Thk?rel=0
[11:14] {Les} took a discrete short on FB at .69 as bearish reversal setup
[11:15] {nemo} http://bit.ly/1155Y1M
[11:16] {Les} oh yes very akward coincidence there Nemo
[11:17] {ese} how does one take a "discrete" short les
[11:17] {ese} am here nemo
[11:17] {cipher} out ebix .19 +.05
[11:18] {ese} reshi.........you bleepin nerd...........give it a break.........for a small fee per month you can join us you dope de do
[11:18] {Les} still in the original long setup ese. That's a Nemo 3 min. bearish reversal job
[11:18] {thomcbell} lvs chart pretty solid in multiple time frames
[11:18] {nemo} see link ese
[11:18] {nemo} above
01[11:18] {Threei}  dome think they are more equal than others
[11:18] {nemo} give me reshi's email
[11:19] {nemo} if he's close to me, give me his address
[11:19] {dino} lol
[11:19] {ese} thats a bit of an eclectic painting/photo
[11:19] {Les} stopped out last piece FB -.01
[11:19] {nemo} cleaned my AR this weekend, it needs a workout
[11:19] {nemo} it's a video ese
[11:19] {nemo} http://www.youtube.com/embed/XlyCLbt3Thk?rel=0
[11:20] {ese} did you say nemo wack job les...........or did i read that wrong
[11:20] {nemo} lucky he's in Switzerland
[11:21] {Les} ese I came back despite financial hardships for two reasons
[11:21] {Les} feel close to profitability
[11:21] {Les} 2. feel close to getting Nemo sent to the madhouse
[11:21] {ese} L akam .85
[11:21] {Les} yes he is a wacko
[11:22] {Les} :)
[11:22] {ese} bit of a bizzare fantasy instrument there nemo
[11:22] {nemo} they threw me out
[11:22] {nemo} I was having a negative effect on the staff
[11:23] {nemo} I was turning them to Taoists, it was too conservative for the liberal theocracy
[11:23] {Les} grind up again
[11:23] {ese} lol
[11:24] {nemo} btu folks
[11:25] {nemo} we close green today
01[11:25] {Threei} Short Setup: CAT  .40 break
01[11:25] {Threei}  hl
01[11:25] {Threei}  If holds  .45 
[11:26] {cipher} rgld l .78
01[11:27] {Threei}  meh
[11:27] {dino} cvi sm l .81
[11:28] {thomcbell} long small lvs here off 53.92 break
[11:28] {Les} GS just hit VWAP again
[11:29] {cipher} out rgld .89 +.11
[11:29] {nemo} shit, bought ryl and didn't know it
[11:29] {ese} think Daniel Craig James Bond Casino scene....they've just fed him poison and he's got sweat rolling down his face ....has too loosen his tie........that me and akam right now...........long some more akam avg .87
[11:30] {ese} sliiping out to my vehicle for adrenalin injection....cya in a sec............
[11:31] {ese} am back........am blind in one eye.....accidentally gave myself the needle in my left eye
[11:31] {ese} ........squinting looking at screen.....
[11:31] {dino} you're a piece of work ese, :)
[11:31] {ese} need to talk les about possible home mortagage to cover expenses
[11:31] {cipher} out shpg -.16
[11:33] {Les} small cat short here .48
[11:34] {ese} small cats usually are short?
[11:34] {backman} ouch
[11:34] {ese} tks
[11:35] {ese} somebody who recognizes good humor when they see it
[11:35] {backman} ice cream?
[11:35] {ese} huh?
[11:35] {Les} error covered nearly all flat in laying out exit. 
[11:36] {backman} good humor ice cream...perhaps ur too young for that
[11:36] {Les} looking like a good thing
[11:36] {jdetente} the good humor man
[11:36] {jdetente} http://newyork.grubstreet.com/13_goodhumor_lg.jpg
[11:36] {Les} stop last piece 1-09
[11:36] {Les} -.09
[11:37] {backman} paper BBRY .22
[11:37] {ese} my goodness.....had no idea
[11:38] {ese} I like that entry there B
[11:38] {ese} kinda my style........
[11:40] {ese} is good humor icecream a franchise
[11:40] {jdetente} it's just a brand
[11:40] {ese} ah
[11:40] {jdetente} I don't think there are brick and mortar locations
[11:41] {ese} had never hears of it before
[11:41] {ese} heard
[11:41] {jdetente} are you in Canada?
[11:41] {jdetente} because I think they only sell in the US
[11:41] {ese} yes ...vads next door neighbor.......i like to throw my empties across the fence in his yard
[11:42] {ese} of course i've noticed an abonormal increase in board fees lately
[11:43] {Les} vad CAT DT setup here?
[11:43] {Les} short under .50?
[11:43] {Les} if holding .60
[11:44] {ese} i think he's out for a smoke in his gazebo
[11:45] {ese} theres no roof on it yet so he could be getting soaked
[11:47] {Les} grind up
01[11:48] {Threei}  maybe now Les
01[11:48] {Threei}  .60 break
[11:48] {ese} am just watching the most important news cast of the day...."Golf Central"
[11:49] {dino} indeed
[11:50] {cipher} SHPG L .41
[11:50] {jdetente} nope...grind up preventing lot of shorts
01[11:51] {Threei}  yeah
01[11:51] {Threei}  hate this type of market
[11:55] {Les} small gs short on paper .95
[11:57] {Les} CAT just reversed at pivot resistance which is also ten dma. looking for a dt
[11:58] {backman} stop BBRY -.04
01[11:58] {Threei} Long Setup:  JPM  .50 break
01[12:01] {Threei}  1:1
[12:01] {Les} GS stopped -.27 and missed JPM bummer
[12:04] {jdetente} JPM good for .09 thanks Vad
01[12:05] {Threei}  yw
[12:06] {jdetente} covered premarket UVXY short + .76
[12:06] {dino} wow, going green
[12:07] {nemo} yep
[12:12] {cipher} rose l .40
[12:13] {cipher} stop .29
[12:14] {Les} CAT shorts working now
[12:14] {Les} starting to come down
[12:14] {cipher} rose l .20
[12:14] {Les} try and grab some index topping action here
01[12:14] {Threei} Short Setup: LVS  .80 break
01[12:15] {Threei}  If holds  .90 
[12:16] {cipher} rose stop -.15
01[12:17] {Threei} Short Setup: CAT  .70 break
[12:17] {nemo} wow Putin sending warships to Cypress
01[12:17] {Threei}  If holds  .80 
[12:18] {Les} lol
01[12:18] {Threei}  what are they going to do, shoot at ATMs?
[12:19] {nemo} Mob doesn't like them screwing with their money...this is a test case for the same thing to happen across the EU
[12:19] {Les} wondering if LVS will try for triple top at .95
01[12:19] {Threei}  what is mob going to do?
01[12:20] {Threei}  who are they going to kneecap?
01[12:20] {Threei}  teller in the bank?
01[12:20] {Threei}  their alternative is bank closing the doors and leaving them with zero
[12:20] {ese} Out 1/2 akam .00 +.13 2k to go ..stop loss in at .84  gonna let it ride
[12:21] {nemo} cat not going down with the market
[12:22] {ese} persistant twerp ole Reshi
01[12:22] {Threei}  quite amazing
01[12:22] {Threei}  are we looking at different cats?
01[12:22] {Threei}  mine drops
[12:22] {ese} been what 3 or 4 days now
[12:22] {Les} short CAT .83 dude
[12:26] {Les} waited for yer trendline break and all... finally
[12:31] {thomcbell} short setup ryl 40.46 break 
[12:31] {thomcbell} if holding 40.56
[12:32] {Les} cover quarter .62 CAT
01[12:32] {Threei}  CAT 1:1
[12:33] {cipher} ryl s .48
[12:34] {Les} GS range bound here watching for a break either way
[12:36] {dino} out advs .83, +.41
[12:36] {dino} chtr
[12:37] {nemo} cree
[12:39] {cipher} rose s .81
[12:40] {Les} bit gappy Nemo. but like the setup
[12:42] {cipher} ryl stop -.12
[12:42] {thomcbell} y me too
01[12:43] {Threei}  LVS 1:1
[12:43] {Les} ty sir
01[12:43] {Threei}  But I do what I can, inch by inch, step by step, mile by mile
01[12:43] {Threei}  http://www.youtube.com/watch?v=chdpiSX2ino
[12:43] {Les} no liza minellie songs please
01[12:43] {Threei}  don't click then
[12:43] {Les} didn't
[12:44] {Les} :)
01[12:44] {Threei}  you know what a gid answered to a visitor who said he didn't like Mona Lisa?
01[12:44] {Threei}  gyude
01[12:44] {Threei}  guide
[12:44] {Les} piss off?
01[12:44] {Threei}  no, it was a very polite guide
01[12:44] {Threei}  she said:
[12:45] {Les} yer comparing liza to the lisa?
01[12:45] {Threei}  young man, she was liked by so many for so long, she can chose now who to be liked by
[12:45] {Les} hmmm. I can dig that
[12:46] {jdetente} how about this one instead of Liza... https://www.youtube.com/watch?v=Jk0dBZ1meio
[12:46] {jdetente} :)
[12:46] {Les} now yer showing yer age JD
[12:47] {jdetente} lol I'm 32
[12:47] {Les} ooops
[12:47] {Les} damn I ain't the youngest inthe crowd anymore
[12:47] {nemo} no, just the _________est!
[12:48] {nemo} You owe me big time Les
[12:48] {Les} vad .50 slwo breakdown?
[12:48] {Les} skw$
[12:48] {Les} slw
01[12:48] {Threei}  with .56 stop, why not
01[12:48] {Threei}  aggressive for ,40
01[12:50] {Threei}  LVS 1:2
01[12:50] {Threei}  out
[12:53] {Les} GDX
[12:57] {Les} CAT full covered +.19
[13:06] {Les} vad GDX 2 way?
[13:06] {Les} include a fade if short proves to be trap?
01[13:06] {Threei}  nah, marginal setup either way
[13:07] {Les} k
01[13:07] {Threei}  more likely to rinse you than to work
01[13:07] {Threei}  this one is for nemo:
01[13:07] {Threei}  You know it's going to be a bad day when your imaginary friend files a restraining order against you
[13:07] {Les} hehehe
[13:07] {Will49} :)
[13:07] {nemo} mjn looks long
[13:08] {backman} and the judge grants it
[13:08] {dino} chtr sm s .80\
[13:13] {jdetente} feels like a good time for a break...
01[13:14] {Threei}  SLW is aboyut to hit 1:1
[13:14] {Les} scalp or you wanna try and run with it?
01[13:15] {Threei}  want to cover half and see if it breaks .40
[13:16] {dino} stop .17, -.37
01[13:21] {Threei}  half out
01[13:22] {Threei}  .41
[13:22] {Les} me 2 ty
[13:22] {nemo} Qs green
01[13:22] {Threei}  inch by inch...
[13:26] {Les} cuttint
[13:26] {Les} cutting the rest +.02
[13:26] {Les} gotta get aikido back into my routine. back for last hour
[13:27] {cipher} CHTR S .68
[13:28] {cipher} RYL S .88
[13:32] {cipher} cov chtr .75 -.07
[13:32] {cipher} cov ryl .73 +.15
[13:35] {cipher} RYL L .56
[13:37] {cipher} CHTR L .01
[13:37] {cipher} out chtr .10 +.09
[13:41] {cipher} chtr l .18
[13:45] {cipher} chtr stopped -.12
[13:47] {cipher} mon l .60
[13:49] {cipher} out .69 
[13:51] {cipher} out ryl .67 +.11
[13:53] {cipher} chtr l .68
[13:55] {cipher} out .92
01[14:05] {Threei}  ok SLW
01[14:05] {Threei}  lose .40 and die
[14:08] {nemo} now we should go up to test the highs
01[14:11] {Threei}  new low SLW
[14:11] {ese} zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz head snaps back drool goes flying.....ese gets up and wipes drool of the wall......back in chair...zzzzzzzzzzzzzzzzzzzzzzzzzz
[14:12] {Will49} yikes
[14:14] {Les} waaaiiiit for me slw
[14:15] {Les} forgot the US and Europe are still out of sync with hours. something else to frik me around
[14:16] {nemo} take your meds
[14:16] {Les} you frik me around to
[14:16] {Les} too
[14:16] {Les} damn homophones
[14:16] {nemo} typical liberal, somebody elses fault
[14:16] {Les} typical conservating throwing around typecasts and cliches
[14:16] {Les} conservative
[14:17] {nemo} I'm not a conservative, I'm a Taoist
[14:17] {Les} labels dude labels
[14:17] {Will49} hey! i'm trying to sleep here
[14:17] {Les} IWM trying to grind past a DT here
01[14:20] {Threei}  http://tbi69.wordpress.com/2011/01/23/video-the-italian-carpool-lane/
01[14:22] {Threei}  18:30GMT (14:30ET)- Press reports have indicated that the Cypriot govt may be ready to discuss a revamped proposal for its bank deposit levy on today's call.
01[14:22] {Threei}  - The original plan sought to raise �5.8B by subjecting bank accounts in Cyprus larger than �100K to a 9.9% levy, and smaller accounts at a 6.75% rate. Multiple senior European officials today have indicated that Cyprus can tweak those numbers to quell the ire of Cypriots who feel it unduly hits the average citizen. Some ideas that have been floated include exempting the first �20K, or lowering the levy on accounts with less than �100K. Both ideas would require jacking up the tax on accounts above �100K, which will upset Russians who use Cyprus as a money center and account for a majority of Cyprus'
01[14:22] {Threei}  let's see if they do that
[14:23] {Will49} what idiots
01[14:23] {Threei}  if so, it will be cleasr indidcation they don't give a flying sneeze about russian threats'
01[14:23] {Threei}  which I think is the case
[14:24] {dino} me too. they aren't worried about russian deposits. they are stealing from them. this sets a bad precedent among european union banks, imo. i would be moving my money out of them if i lived over there.
[14:25] {Les} can imagine singapore getting a lot of phone calls this week
01[14:25] {Threei}  if you are so-called "new russian", where do you?
01[14:25] {Threei}  go
[14:25] {Les} CAT back in pole position
[14:25] {nemo} ahhh polecat
01[14:26] {Threei}  there are not many places that don't ask you where your money come from
01[14:26] {Threei}  all "safe jurisdictions" do
01[14:26] {Threei}  and you can't demonstrate fully legal and totally transparent origin
[14:27] {Les} good one nemo
[14:27] {dino} sure, but illegals i am not concerned with. 
[14:27] {Will49} lol polecat
[14:27] {dino} if i were a european, i'd be moving my cash out of eu banks
01[14:28] {Threei}  I don't think it's an easy thing to do for them
01[14:28] {Threei}  is it Les?
[14:29] {Les} swiss real estate market went flat
[14:29] {Les} because
[14:29] {Les} EU squeezing switzerland
[14:29] {Les} tax wise
[14:29] {Les} EU is taking action
[14:29] {Les} against movement of capital
[14:29] {cipher} EU doing a lot of stupid things lately
01[14:30] {Threei}  well, as a holder of bank account, can you easily open an account in US or Cnada and move your money over there, wehile keeping it liquid and accessible at any moment?
[14:30] {Les} who me?
[14:30] {Les} what would I want with an American bank?
01[14:30] {Threei}  cipher... EU itself is stupid construct, how can it not?? :)
[14:30] {cipher} one of them being FTT
[14:30] {Les} CAT 90 rejection on high volume
01[14:30] {Threei}  missing the point Les
[14:31] {nemo} boy, there's a surprise
01[14:31] {Threei}  lol
[14:31] {Les} hehehe
01[14:31] {Threei}  can you or can you not?
[14:31] {Les} *probably*
01[14:31] {Threei}  if you don't want now, wait till they do to you what they did to Cypriots
[14:31] {nemo} yeah, this is a rationalization, could go right around the world
[14:31] {Les} yeh right to vad and nemo
[14:32] {Les} bury yer money
01[14:32] {Threei}  I doubt they'll let you do that easy
[14:33] {dino} so much for the insured deposits, just got whacked.
01[14:33] {Threei}  this was a holy cow
[14:33] {cipher} call l .51
[14:33] {nemo} it's all a joke, the government will do what it wants
01[14:33] {Threei}  this undermines confidence in a pillar
[14:33] {nemo} but it's for the good of society
01[14:33] {Threei}  haha
[14:33] {nemo} cough
[14:33] {nemo} cough
[14:33] {Les} :)
01[14:33] {Threei}  deposit is guaranteed and safe - people must believe that
[14:34] {Les} yes the "C" word
[14:34] {nemo} pisdah?
01[14:34] {Threei}  if they don't, whol;e banking system collapses
[14:34] {dino} right. watch for the runs
01[14:34] {Threei}  these imbeciles cut the branch they sit on
[14:34] {Will49} bet there are millions around world thinking about cashing out right now
01[14:34] {Threei}  crimbiots
01[14:35] {Threei}  but I am not really surprized, EU is destined to self-destruct
01[14:35] {Threei}  centripetal forces is too powerful
01[14:35] {Threei}  are
01[14:36] {Threei}  and the whole idea is too artificial
[14:36] {Les} s CAT .90
01[14:36] {Threei}  what we saw today was but a tuny window into what is going to happen
01[14:37] {Threei}  limit down openings and continuing selloff throughout the day
[14:37] {Les} yes and it scared me when I understood
[14:37] {Les} ah u speak of market
01[14:37] {Threei}  trading wise it will be good
01[14:37] {Threei}  both
01[14:37] {Threei}  market will be favorable
01[14:37] {Threei}  your daily life will be shuttered
[14:37] {ese} Ok!!!!  that was hilarious!!!!  Italian carpool lane......
01[14:38] {Threei}  :)
[14:38] {Les} would like to hear more about what u were doing to get by
01[14:38] {Threei}  oh, it was much easier for me
01[14:39] {Threei}  we had easy way to preserve life savings or current money
01[14:39] {Threei}  two reasons:
[14:39] {Les} ?
[14:39] {nemo} USD
01[14:39] {Threei}  1. absence of developed banking system, mostly cash economy
01[14:39] {Threei}  2. USD
[14:40] {Les} k
[14:40] {Will49} If US governement was thinking about confiscating cash they'd better order a lot of ammunition for...oh wait
[14:40] {nemo} ;-)
[14:40] {Les} hehehe will
01[14:40] {Threei}  keep your money in USD, convert to local currency only what you need for today
[14:40] {nemo} and armored vehicles...oh wait
[14:40] {Will49} LOL
01[14:40] {Threei}  you wake up and see that local currency is cut in half (ehich happend regularly), you don't care - you keep it in USD
[14:40] {cipher} call stop -.04
01[14:42] {Threei}  you in EU still have USD as a "safe" currency but you are not a cash-based, you keep money in the banks, thus are sibjected to all kinds of govt shenanigans
[14:42] {dino} asps sm l .37 ave
01[14:42] {Threei}  and US folks don't even have USD as a safe haven in case USD collapses :)
01[14:42] {Threei}  but that's somwewhere far ahead
01[14:43] {Threei}  for now USD is the slimmest girl in a fat camp
[14:45] {nemo} yeah, just bullets
[14:46] {Les} here's lower high in indexes
[14:47] {cipher} call drop
[14:47] {nemo} not really Les, depends on time frame
[14:49] {cipher} call l .19
[14:49] {Les} sorry 3 min tiemframe
[14:50] {cipher} asps l .25
[14:53] {dino} call sm l .17
[14:55] {nemo} hey, what's that link for the eagle's nests
[14:56] {Will49} www.hitler.com
[14:56] {nemo} I didn't say Doppleadler
01[14:56] {Threei}  http://www.hancockwildlife.org/index.php?topic=cam-sites
01[14:57] {Threei}  they added an owl
01[14:57] {Threei}  http://www.hancockwildlife.org/index.php?topic=VictoriaGHOwl#camera-ptz
[14:58] {jdetente} reshi doesn't give up...wow
01[14:59] {Threei}  doesn't read his e-mails either
[15:00] {Les} covered half of cat
[15:08] {Les} covered 2nd half at a loss. put a little gimpy wifi router from CISCO this weekend. Think it might be too small. screens have frozen up a couple of times
[15:10] {Les} anyone having feed issues?
[15:10] {dino} not here
[15:10] {Will49} haven't had lunch yet
01[15:10] {Threei}  no
[15:10] {nemo} nice will
[15:10] {Will49} ty
[15:11] {Will49} can't trade, might as well try to be funny :)
[15:11] {Will49} try is opeative word
[15:11] {Will49} operative
[15:11] {nemo} yeah, I think your win rate is better in trading
[15:11] {Will49} haha
01[15:13] {Threei}  still holding half SLW, and loloking for one more trade to finish the day
01[15:13] {Threei}  haven't dug out of the morning hole completely, but decreased the loss to shruggable degree
[15:14] {patel} I am still at standstill. I missed some good trades while I was not at my computer. 
[15:14] {dino} not my kind of market today
[15:17] {Les} last crack at CAT bit fast here didn't have time to lay exit
[15:17] {Les} happily going down
[15:17] {Les} .79 shoprt half covered .70
[15:19] {Les} frikin GS I cover and it drops like a lead balloon. Gotta learn to take dino/cipher entries, i.e, top of the range, not bottom of the range
01[15:20] {Threei} Short Setup: C  .30 break
01[15:21] {Threei}  If holds  .40 
[15:25] {Les} C bouncin off VWAP @.20
[15:25] {Les} cover half ty
01[15:26] {Threei}  1:1
[15:26] {Les} .cover quarter CAT 1:2
01[15:26] {Threei}  inch by inch... step by step...
[15:27] {jdetente} have to admit it
[15:27] {jdetente} 's getting better a little better all the time
[15:27] {jdetente} :)
[15:28] {Les} spy vwap and major support
[15:29] {dptl} gn all
[15:29] {Les} ciao dp
01[15:29] {Threei}  wait
[15:29] {backman} nite
[15:29] {cipher} out call .38 +.19
01[15:29] {Threei}  1:2 is near
01[15:30] {Threei}  if C goes 1:2 and SLW drops to .30, I'll be flat for the day
01[15:37] {Threei}  1:2 baby
[15:38] {cipher} cvlt l .54
[15:41] {Les} CAT is covered
[15:41] {Les} +.58
[15:41] {Les} vwap
01[15:41] {Threei}  wtg
[15:41] {dino} gj
[15:41] {Les} ty
[15:42] {Les} 1:6 a personal best
[15:42] {Will49} nice
[15:43] {ese} Hey all......have a great night cya tomorrow
[15:43] {Will49} see ya
[15:43] {dino} cya
[15:43] {Les} ciao
01[15:43] {Threei}  take care ese
[15:43] {Will49} out C tks Vad
01[15:44] {Threei}  :)
03[15:45] * Retrieving #discussions modes...
[15:45] {Les} new name reshi?
01[15:45] {Threei}  no, new trialer, just haven't given enough time to register
01[15:52] {Threei}  (CY) Cyprus President Anastasiades said to have indicated to Eurogroup he does not have enough support to pass the deposit levy through Parliament - financial press- The Eurogroup is said to be holding a teleconference on Cyprus that started about 45 minutes ago. **REMINDER: earlier today, Cyprus DIKO Democratic Party (minority member in the ruling coalition): Will not support the deposit levy law. DIKO holds 8 seats out of 56 in Parliament, and President Anastasiades DISY party holds 20 seats. - Prior reports had indicated that some DIKO party members were wavering in their support of the deposit levy plan. 25 members of left wing parties have already said they would vote against the levy (AKEL, EDEK, and Green parties)
01[15:54] {Threei}  Ok SLW, you have 5 min
[15:55] {cipher} CAVM L .10
01[15:56] {Threei}  3
01[15:57] {Threei}  (CY) ECB reportedly prepared to provide assurances that Cyprus will have ample liquidity, but it must first collect deposit levy - financial press
01[15:57] {Threei}  ECB on a sucide mission
[15:58] {Will49} see everybody tomorrow
01[15:58] {Threei}  ok... covered SLW
01[15:58] {Threei}  leaving just a sliver in the red
01[15:58] {Threei}  nothing to speak of
[15:58] {Les} frikin C wont drop to the whole for me
01[15:59] {Threei}  thank you all, have a good evening
01[15:59] {Threei}  see you tomorrow
[15:59] {Les} cheers very instructive day
[15:59] {jdetente} thanks Vad
[15:59] {backman} thnks...gnite
01[15:59] {Threei}  it is isn't it
01[15:59] {Threei}  it's how you handle the loss
[15:59] {dino} gn all
[15:59] {cipher} out cavm .03 -.07
[16:00] {cipher} gn

Saturday, March 16, 2013

Nemo's Findings week of 3/17/2013

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

This is getting rather monotonous: pop, go sideways; pop, go sideways; pop, go sideways...throw a teensie weensie down day in then: resume.  I feel like Jack Nicholson in The Shining....Jeez.   


Unidentified person:  "Whaddya' mean Nemo, the SPY dropped pretty good on Friday."  

Nemo:  "Now Les, did you know SPY went ex-div Friday morning?"


Unidentified person:   "Ah, no.  I didn't?"


Nemo: "Well yeah Les, that knocked about $.70 off the price.  So, for all intents and purposes,  the SPY was only down $.20 closing at the Semesterly R2. "(well, close enough for government work)

Unidentified person:  "Oh, thanks Nemo."  (Actually he never says, "thank you")

Nemo:  "You're welcome, Les."   (Actually, I never say that either...)



The week that was:



Actually, instead of giving you each day of the week this week, here is the week.  Notice the VXX in the top left.  It just keeps dropping.  No fear.  No real hedging going on.  Notice the supporting trendline in IWM and SPY.  Even though SPY seems to have closed below, add back the dividend and it closed just above at the Semesterly R2.  Notice the FAS just kept going up, and of course notice how  they basically ended at the Weekly R1 as did IWM.

What's gonna' derail this market?  I don't know.  That's not the point I suppose, we watch for clues.  From a macro point of view  everything is relatively copacetic.  However, wage inflation is happening a bit faster than the Fed would like and business inventories were rather large, but bad news as well as good news is bought.  But jobs are being added, and unemployment claims, at least at the headline level, are coming down, even with those looking under the hood claiming it's all a Potemkin village.

Outside of the usual concern about some exogenous event (think: EU and bond market), things are moving along.  That points to the next earnings season as the next big test, and I think that kicks off on, and don't quote me on this, April 20th.  If earnings begin to slow or contract it's a perfect setup for "sell in May and go away..."  Having said that, I'm beginning to hear the sheep....er...I mean...public, when I'm out and about, talking about the market.  Wall Street needs somebody to sell to.  Let's see what happens with 401k inflows on the first of April.  Poetic...bet we have a new high on the 29th of March, giving everyone the weekend to salivate and slam their 401k money into their favorite mutual fund on.................... April Fools Day....Too perfect, like the S&P bottoming at 666.

(btw...I didn't know the SPY went ex-div either until I asked.  I saw nothing else was really down, and I didn't think Jamie Dimon getting caught with his pants down on that report would do it.)


So, the week that is... 





 
 

 Above you see the SPY action.  Again, with the dividend back in it finished the day sandwiched between the SR2 and that trend line just below.  That trendline above is the longer term trendline resistance going back to NovemberThere is currently an ascending trendline resistance from the 2009 bottom at 165ish that has no bearing as of yet, but if the train kept a rollin'  sometime this Fall we'd reach it, but enough about what if's, maybe's, and predictions...it's all a crock.

THIS JUST IN:  Cyprus just pilfered a percentage of everyone's bank deposits as part of the Euro zone bank...ahh...saving...reliquifying....ripping off the taxpayer...act 


There's a rude joke in there, but I'll abstain. 

BTFD!  until it doesn't work. 








 

Friday, March 15, 2013

Market Week Wrap-up

TradeTheNews.com  Weekly Market UpdateStocks Continue Melt Up On Mixed Data


- Steadily improving US economic data and the budget battle in Washington dominated headlines this week. The stock market melt up continued, though the DJIA ended a two-week winning streak on Friday, after closing higher for ten sessions in a row, its longest winning streak since November 1996. On Thursday, the S&P500 closed within two points of its all-time closing high of 1,565.15, whetting the appetite of traders eyeing another milestone. For the week, the DJIA gained 0.8%, the S&P 500 added 0.6% and the Nasdaq rose 0.2%. US indices were off a bit on Friday after the preliminary March University of Michigan Confidence sagged to a 15-month low on lower future expectations. But earlier in the week the February US retail sales data came in at twice the expected gain, proving that US consumers kept spending despite the higher payroll taxes. The weekly jobless claims numbers fell for a third straight week, sending the four-week moving average for new claims to five-year lows. In Europe, Italian political forces again failed to form a government and European leaders gathered for a summit in Brussels amid challenges to Germany's push for recommitments to austerity measures. Peripheral yields on 10-year notes from Spain and Italy decoupled this week, with Spanish yields contracting and Italian yields rising; the unusual pattern comes after Fitch's downgrade of Italy's sovereign rating and a somewhat weak three-year Italian auction.

- Last weekend China released January and February data that suggested the new leadership team in Beijing will have its hands full coping with a complicated economic situation. High food prices sent February CPI to a 10-month high +3.2% y/y and 13-month high in the m/m growth figure. Industrial production and retail sales grew at the lowest rate in several month, while February lending undershot estimates.

- In Washington, the Senate Democrats and the House GOP worked on budget proposals while President Obama continued his 'charm offensive' in hopes of massaging a deal between the two parties. Rep. Paul Ryan presented the GOP budget proposal, which would seek to balance the budget by 2023 with $4.6T in spending cuts. Spending would increase by 3.4% per annum versus 5% presently under Ryan's plan. The Democratic budget plan presented by Senator Patty Murray, calls for $1.85T in additional deficit reduction over 10 years, half from spending cuts and half from tax increases. The plan would increase taxes on the wealthy and large corporations by closing loopholes and tax breaks.

- The Fed released the second part of its annual bank stress tests this week. Fourteen of the 18 SIFI banks had their 2013 CCAR capital plans approved. JPMorgan and Goldman won conditional approval, requiring they rework and resubmit plans by October, while plans from Ally Financial and BB&T were rejected outright. BB&T shares slid 3% on Friday, and JP Morgan lost more than 2% with the addition of bad press from a Senate panel hearing grilling current and former executives about the "London Whale" trading loss from last year.

- Shares of Boeing rose 5% this week as the FAA authorized the company's plans to test and recertify the 787 Dreamliner battery system. Boeing said the testing should be complete before the end of the month, although there were reports later in the week that Boeing still does not entirely understand what went wrong with the system.

- EUR/USD tested its 2013 lows on Wednesday and Thursday around 1.2930 as the dollar strengthened on better US economic data and US equity gains, both of which contrast starkly with dismal European data and Italian political gridlock. On Friday the pair bounced back to the highs seen before the US Feb payrolls data after Portugal passed its seventh troika review and European leaders appeared to make progress toward resolving the Cyprus situation.

- Cable came into the week around two-and-a-half year lows and traded even lower through the terrible January production data. GBP/USD bottomed out below 1.4850 following disappointing production data mid-week but retook the 1.51 handle by Friday. Short-covering ahead of next week's much awaited spring budget plus comments from BoE's King, who said the BoE was not looking to deliberately weaken the pound, helped cable recover.

- The yen maintained a soft tone as Kuroda was formally confirmed as the new BOJ governor along with Iwata and Nakaso as deputy governors. Markets will wait to see whether the BOJ will hold an emergency policy meeting to launch new easing measures as soon as late next week.

TradeTheNews