Monday, September 23, 2013

Sept 23 2013

Calm and solidly profitable day, with evenly paced trades slowly making their way to 1:2 targets.


Session Time: Mon Sep 23 00:00:00 2013
[08:41] {nemo} "A bikini is not a bikini unless it can be pulled through a wedding ring.
[09:07] {dino} gm
01[09:07] {&Threei}  morning dino
[09:09] {nemo} http://bit.ly/17Wh2CO
[09:10] {dino} .
01[09:11] {&Threei}  ..
[09:11] {nemo} so the drug gangs are upping the firepower in Chicago
01[09:15] {&Threei}  canons?
[09:16] {nemo} AK
[09:18] {Will49} gm
01[09:18] {&Threei}  will :)
[09:20] {dino} ironic as thats obummers town
[09:20] {jdetente} morning all
01[09:20] {&Threei}  not surprising though
01[09:20] {&Threei}  jd :)
[09:20] {nemo} gang drug wars
[09:21] {nemo} that's what they never tell you
[09:21] {nemo} they just say another shooting
[09:21] {nemo} but it's about drug turf there
[09:22] {ese} gm
[09:22] {RonS} gm
01[09:22] {&Threei}  ese, ron :)
[09:23] {drewj} gm
01[09:24] {&Threei}  drew :)
[09:24] {ese} will and I  had to shoot our into vads place last time ....he wasn't going to let us into thw shiskabob party.....serious violence oer that one
[09:25] {cipher} gm
[09:25] {ese} c
[09:25] {Will49} I'm still nursing my wounds
01[09:25] {&Threei}  cipher :)
[09:26] {Will49} oh no...that was from the vodka
[09:26] {nemo} I've got to give up that JD Honey myself
[09:26] {+cc_9} Good morning folks
[09:26] {Will49} JD=Mother's milk
01[09:26] {&Threei}  cc9 :)
[09:27] {ese} lol
[09:27] {nemo} yeah, but it goes down so damn easily...one minute there's a full bottle, next thing I know I've killed almost 2 liters
01[09:28] {&Threei}  2 deer and 1 bear
[09:28] {nemo} ?
01[09:28] {&Threei}  next thing I know I've killed almost 2 liters...
01[09:28] {&Threei}  2 deer and 1 bear
[09:28] {nemo} sorry I don't see the connection
01[09:28] {&Threei}  just finishing your sentence
[09:28] {ese} lol
[09:28] {Alexs} gm
01[09:28] {&Threei}  alex :)
01[09:31] {&Threei} Short Setup: C  50 break hl
01[09:31] {&Threei}  If holds  .10
01[09:32] {&Threei}  1:1
[09:35] {+cc_9} JPM @ lowest pps since 09/06
01[09:36] {&Threei}  1:2 close enough
[09:37] {+cc_9} GDX poking its head out, 25.80 is trigger
01[09:37] {&Threei} Short Setup: GLD  .40 break
01[09:38] {&Threei}  Invalidated
[09:39] {+cc_9} Long GDX 25.80
[09:39] {+cc_9} s/l 25.45
[09:41] {+cc_9} BBRY slow turn around
01[09:41] {&Threei}  scary to touch with 10 ft pole
01[09:41] {&Threei}  this dog won't bark again
[09:42] {+cc_9} Not if you're long @ 8.30
[09:42] {RonS} rbc came w/ $2 target
01[09:42] {&Threei}  you run a risk of halt any moment
[09:42] {jdetente} cc likes to live on the edge
01[09:42] {&Threei}  news coming fast and furious on this one, and one of them will the the last
01[09:43] {&Threei}  RBC is wrong... if it goes to $2, it goes to zero
[09:43] {+cc_9} GDX catching some bids
[09:43] {+cc_9} http://rt.com/on-air/kenya-mall-attack-police/
[09:45] {nemo} index bounce setups forming
01[09:49] {&Threei} Long Setup:  TZA  .06 break
[09:49] {nemo} .10 area spy .36 area IWM .25-.30 area FAS
01[09:49] {&Threei}  If holds  23
[09:50] {+cc_9} Keep an eye on QCOR if it takes Friday's lows
[09:51] {nemo} srpt hit resistance at Friday high
[09:51] {+cc_9} SRPT tough one to short (HTB)
01[09:51] {&Threei}  TZA valid
[09:52] {nemo} watch .36 area IWM
01[09:53] {&Threei} Short Setup: GDX  .70 break
01[09:53] {&Threei}  If holds  .80
[09:54] {nemo} gmcr very weak, at 50 day
01[09:56] {&Threei}  Invalidated  GDX
[09:56] {+cc_9} GDX so far so good, new session highs
[09:56] {+cc_9} SPY no bottom yet
[09:58] {+cc_9} GMCR should be a decent trade if ti can break 81.60
[09:58] {nemo} SPY at WS1 IWM at weekly pivot, finnies still a tad above support
[10:01] {+cc_9} GMCr catching some .30s bids
[10:02] {+cc_9} GMCR long light 81.4
[10:03] {nemo} P looks short
[10:04] {+cc_9} SPY fresh lows
[10:04] {nemo} damn close to the gap
[10:05] {+cc_9} $170 test
01[10:05] {&Threei} Short Setup: C  .70 break
01[10:05] {&Threei}  If holds  .80
[10:06] {cipher} SPY headed below 170
[10:07] {dino} target?
01[10:08] {&Threei}  oh btw
01[10:08] {&Threei}  {dptl} thanx and say hi to everyone for me.... see ya soon :)
[10:10] {+cc_9} Long SPY here 170.00
01[10:11] {&Threei}  let's scratch TZA
01[10:12] {&Threei}  not clear anymore
[10:12] {+cc_9} GMCR slight consolidation, any market reversal should give it a push back over $82
[10:12] {cipher} spy bounce around 169.70 -ish
[10:13] {cipher} short SPY here
[10:13] {+cc_9} SPY gap from 9./13 is @ about 169.50. But I doubt we visit that area
[10:14] {cipher} me neither
[10:14] {cipher} at least not in the am
01[10:15] {&Threei}  trail c to .76
[10:15] {+cc_9} GMCR failure back under 81, ugh
[10:16] {cipher} XOOM DROP
[10:17] {+cc_9} SPY tgt 170.40
01[10:19] {&Threei}  meh
[10:20] {jdetente} I got booted off my internet connection. TZA still on the table right?
[10:21] {Alexs} no jd closed at be
[10:21] {jdetente} ok thx
[10:22] {+cc_9} GMCR, the pain train is leaving the station
[10:24] {nemo} gmcr at 50 day
[10:25] {RonS} Jeff Beck playing and Rod Stewart singing "People Get Ready"?
01[10:25] {&Threei} Short Setup: GLD  .90 break
01[10:26] {&Threei}  If holds  128
01[10:26] {&Threei}  will trail to .96 after .85 break
01[10:26] {&Threei}  trail
[10:28] {cipher} SPY new low coming
[10:29] {cipher} NDLS dumping
[10:29] {jdetente} TZA blah
[10:30] {cipher} ndls l.26
[10:30] {+cc_9} GDX back to 25.80
[10:30] {+cc_9} GMCR still flushing ugh
[10:31] {+cc_9} GDX .90s, well at least something is working
[10:31] {nemo} so many stops just dripping like frickin' chinese water torture
[10:33] {+cc_9} SPY/GDX on cruise control, GMCR turning into a death trap
[10:33] {nemo} ebay may setup short between .80 and the whole
[10:33] {dino} out sds calls +.41/45%
[10:37] {+cc_9} GMCR come on doggie, get your sh* together
[10:39] {+cc_9} GMCR some bids at last
01[10:39] {&Threei}  what was that on GLD
01[10:39] {&Threei}  no news
[10:42] {+cc_9} out GDX 26.00 from 25.80
[10:43] {RonS} DATA interrupted
[10:43] {nemo} finnies holding the 50 day
[10:44] {dino} data blood
[10:44] {fish_49} Ron  who do you use as a broker?
[10:44] {nemo} ebay may be double topping at vwap here
[10:45] {nemo} .75 would be trigger
[10:45] {RonS} can't say fish...always upsets 3i...
[10:46] {nemo} E. F. Hutton
[10:46] {+cc_9} GMCR needs some .20 bids here
[10:46] {fish_49} lol
[10:46] {+cc_9} SPY doing absolutely nothing here
01[10:47] {&Threei}  lol
[10:47] {nemo} can see those shitty commercials running through my head
01[10:47] {&Threei} Long Setup:  FAZ  .80 break
[10:47] {nemo} iwm at lows
[10:47] {cipher} out ndls .09 +.83
[10:47] {RonS} health care providers under pressure again  aet wlp
[10:48] {nemo} ebay triggered
01[10:48] {&Threei}  wtg cipher
[10:48] {RonS} gj cipher
[10:48] {+cc_9} GMCR same pattern now as the one from 9:54 to 10:10
[10:48] {cipher} ty
[10:49] {nemo} ffiv may test the whole, interested Vad?
01[10:49] {&Threei}  .c .70
[10:50] {nemo} selling pressure abating on the algo
01[10:50] {&Threei}  If holds  .70
01[10:50] {&Threei}  FFIV, no... unmanageable risk
[10:51] {nemo} oh, ebay drops .65 gnite
[10:51] {cipher} SPY finally
[10:51] {cipher} akam s.47
[10:51] {nemo} SPY be a good girl
[10:52] {Will49} luck be a lady tonight
[10:52] {nemo} no, GO DOWN!
[10:52] {Will49} lol
[10:52] {jdetente} freakin tza
[10:53] {+cc_9} GMCR back to session lows, ditto SPY
[10:53] {cipher} here we go SPY
[10:54] {cipher} still short
[10:55] {dino} damn sold the sds calls too soon
[10:55] {RonS} charade:  President Obama to push UN to increase pressure on Syria to surrender chemical weapons
[10:55] {cipher} covering SPY shorts here
[10:55] {cipher} reversing soon
01[10:55] {&Threei}  1:1
01[10:56] {&Threei}  farce, Ron
[10:58] {+cc_9} whoa, i was wrong about SPY not wanting that gap close 169.50
[10:59] {dino} 167.72 next gap
[11:00] {+cc_9} GMCR 10:56 vol could mark intraday bottom. $5.50 range.
[11:00] {cipher} SPY gonna bounce here
[11:01] {cipher} REGN l.48
[11:02] {dino} partial fill bofi l .10
[11:03] {nemo} P can't bounce
[11:03] {Will49} will off a hard surface
[11:03] {nemo} bbry support at 0
[11:05] {jdetente} haha
01[11:06] {&Threei}  for some weird reason, Techniques of Tape Reading has sold 10x copies in first 6 months of 2013 vs usual
[11:06] {fish_49} why weird  it was a good book
[11:06] {nemo} makes a great door stop
[11:06] {+cc_9} GMCR, any news I'm missing here ?
01[11:07] {&Threei}  well, it was just as good book in 2012, 2011 etc :)
[11:07] {nemo} this is quarterly vwap right here on gmcr
01[11:07] {&Threei}  why 10 times increase
[11:07] {nemo} home construction is up
[11:07] {fish_49} economy bad Vad more people trying to Day trade?  lol
[11:07] {Will49} only sold 1 in 2012
06[11:08] * &Threei slaps nemo around a bit with a reminder: author equals insult of his book to insult of his children
[11:08] {nemo} your daughter is cute
[11:08] {Alexs} now more people consider this book as a fiction
06[11:08] * &Threei slants at Will
[11:09] {Will49} I bought it Vad...don't slant at me
[11:10] {Will49} is the word slant another term for waterboarding?
01[11:10] {&Threei}  it's a prelude
[11:10] {jdetente} prelude eh?
01[11:10] {&Threei}  and it keeps options open, between waterboarding, clubbing...
[11:10] {Will49} a Japanese car
[11:12] {+cc_9} SPY full gap closed....
[11:12] {nemo} this is s2 on the daily in spy s3 on finnies
[11:13] {nemo} within the proverbial hair in finnies
01[11:13] {&Threei}  1:2
[11:14] {+cc_9} SSO vol spike
[11:14] {cipher} regn L 292.75
[11:14] {nemo} not in iwm or spy or fas though
[11:14] {dino} vmw sm l .65
[11:15] {nemo} or xlf
[11:15] {nemo} gdx double top?
[11:15] {nemo} yeah, looks it
[11:16] {cipher} SSO l.20
01[11:16] {&Threei}  or C&H in the making
[11:18] {+cc_9} GMCR dipping in second scale 78.75. New cost 79.86. Married till 81
[11:19] {dino} out vmw .99, +.34
[11:19] {+cc_9} Keeping an eye on YELP
[11:19] {+cc_9} under a lot of pressure today, no reversal since the open, straight down
[11:20] {+cc_9} NFLX $20.00 range today
[11:21] {nemo} vmw got a date with  83ish
[11:21] {+cc_9} GMCR, one step forward, 10 back
[11:22] {+cc_9} bounce to $79, bid back to 78.15
[11:22] {cipher} conn s .57
[11:22] {nemo} wow is that stretched
[11:23] {+cc_9} almost feels like the same seller on GMCR is also on YELP
[11:24] {+cc_9} GMCR { $78 wow...
[11:25] {Will49} no school today?
[11:28] {+cc_9} GMCR not a single 15min green candle today, 2 hours into the open.
[11:35] {cipher} out REGN 294.92 +2.17
[11:35] {Will49} excellent
[11:36] {cipher} a bit too soon
[11:37] {cipher} conn dump
[11:38] {cipher} conn l .98
[11:38] {cipher} spy target 60-ish
[11:38] {cipher} sorry SSO
[11:39] {dino} gj cipher
[11:39] {+cc_9} SPY bounce, GMCR @ lows
[11:40] {Will49} out FAZ...tks Vad
01[11:40] {&Threei}  :)
[11:45] {+cc_9} GMCR -8% new lows every 15mins
01[11:50] {&Threei}  frikin FAZ
01[11:51] {&Threei}  how about this "kitty" I had a chance to photograph recently: http://goo.gl/1SLZqd
[11:51] {cipher} gmcr bids
[11:51] {nemo} is that your daughter's cat?
01[11:51] {&Threei}  this is African Serval, you doofoos
[11:52] {fish_49} new name in the room
[11:52] {fish_49} doooofoos
01[11:53] {&Threei}  you can add oo's at your discretion
[11:53] {RonS} request to play foosball?  doofoos?
01[11:54] {&Threei}  the name's Ramses
[11:54] {nemo} wasn't that the name of a condom?
01[11:54] {&Threei}  no idea
[11:55] {jdetente} yes
[11:55] {jdetente} the joke being of course that Ramses had hundreds of children
01[11:55] {&Threei}  there is vidfeo on youtibe of this cat being driven through Vancover in Lamborgini
[11:56] {dino} pru sm l .85
[11:56] {Will49} condom story
[11:56] {Will49} when I was 18, need some condoms, went into a drug store
[11:57] {Will49} two 18-19 year old girls behind the counter
[11:57] {+cc_9} GMCR, surprised that dip buyers are still not stepping in. Stock trading its entire avg daily volume already
01[11:57] {&Threei}  and ther he was, Ramses
[11:57] {Will49} in those days condoms were kept behind counter
[11:57] {Will49} i said..gimme a package of ramses please
[11:57] {+cc_9} GMCR 78 attempt
[11:57] {Will49} vacant look on both faces
[11:58] {Will49}  girls start looking around behind counter
[11:58] {Will49} after about 5 min one girls blurts out
[11:58] {Will49} oh, I know what he wants...throat lozenges!
[11:58] {+cc_9} GMCR some 78.20 bids now
[11:59] {Will49} I fled the store empty handed
[11:59] {cipher} scalped GMCR out .20 +.91
[11:59] {cipher} thx cc9
[11:59] {+cc_9} good job cipher
01[11:59] {&Threei}  lol
[11:59] {fish_49} scalp?
[11:59] {cipher} yes fish
[11:59] {cipher} my type of scalp
[11:59] {fish_49} sounds more like a swing trade  lol  good job Cipher
[12:00] {+cc_9} im going to baby sit until $80+
01[12:00] {&Threei} Long Setup:  WMT  .25 break hl
01[12:00] {&Threei}  If holds  .15
[12:03] {+cc_9} GMCR can't even get through 78.50 blah
[12:05] {fish_49} gotta run
[12:06] {fish_49} have a great afternoon all
[12:06] {jdetente} see ya fish
01[12:07] {&Threei}  take care fish
[12:10] {cipher} SSO target
[12:10] {cipher} out SPY longs
[12:11] {cipher} IPGP l.15
01[12:12] {&Threei}  stop .19 if you haven't taken any off the table, .24 if you have
[12:14] {cipher} IPGP stop .18 +.03
[12:14] {Alexs} you partialed WMT already?
[12:16] {dino} xoom hl l .49
01[12:16] {&Threei}  missed it at .34
01[12:16] {&Threei}  but I would if I wre awake at the moment
[12:17] {Alexs} why , it still looks good
[12:18] {cipher} SHPG l..06
01[12:18] {&Threei}  yes
01[12:18] {&Threei}  but being half cent of 1:1, why not take partial
01[12:18] {&Threei}  lunch time
[12:19] {nemo} hey dino, vmw looks ready to come in again, vwap at .60ish
[12:19] {dino} on my screen
[12:24] {nemo} http://www.videb.com/video/185/
[12:28] {+cc_9} GMCr another leg up
[12:28] {+cc_9} last time had trouble 78.40, another attempt here
[12:29] {+cc_9} GMCr, come on baby push, this is no time to slack
[12:30] {cipher} out SHPG .36 +.30
[12:30] {+cc_9} GMCR 78.50 offer
[12:31] {+cc_9} here we go, at last
[12:31] {+cc_9} 15min looking a tad better
[12:34] {cipher} conn getting ready
[12:34] {cipher} conn l .06
01[12:35] {&Threei}  hald out
[12:35] {+cc_9} GMCR come on now,
[12:38] {+cc_9} GMCR at last!
[12:38] {Alexs} wmt 1:1 finaly
[12:39] {+cc_9} GMCR closing in on $79 :D
[12:39] {+cc_9} rollercoaster trade
[12:41] {jdetente} how many diaper changes?
[12:41] {+cc_9} none, going raw on the chair
[12:43] {+cc_9} } $79.00 come on
[12:43] {+cc_9} lets get some teens here
[12:49] {+cc_9} i swear its like they can see my offer sitting at 79.15...
[12:49] {+cc_9} goes to .11 and drops back on bid
[12:49] {+cc_9} take my .15 !
[12:50] {+cc_9} ok thank you!
[12:50] {+cc_9} } $79.20, unloading
[12:50] {cipher} out CONN .34 +.28
[12:53] {+cc_9} All out GMCR, last batch 79.41
[12:54] {cipher} CONN l.40
[12:56] {+cc_9} GMCR im going to regret having made money
[12:57] {cipher} out CONN .69 +.29
[12:58] {dino} gj
[13:09] {dino} out xoom ave .87 +.39
[13:11] {dino} cste crazy
[13:11] {dino} out pru .20, +.35
[13:12] {cipher} infi s .00
[13:17] {cipher} stopped .98 +.02
[13:26] {cipher} conn s .22
[13:27] {cipher} stopped .24 -.02
[13:28] {RonS} hey, i thought you were supposed to make money on your stops...
01[13:28] {&Threei}  lol
[13:28] {cipher} lol
01[13:28] {&Threei}  drew, how are you doing?
[13:31] {Alexs} bbry halted
01[13:32] {&Threei}  BlackBerry Enters into LOI with Consortium led by Fairfax Financial (holds 10% stake) to be acquired for $9/shr in cash; total deal valued approx $4.7B
01[13:32] {&Threei}  told ya, takeunder
01[13:32] {&Threei}  majority of holders have it way way higher
[13:32] {cipher} INFI l .02
[14:14] {Alexs} looks like $9 for bbry is still a very good price
[14:14] {nemo} 0 is too expensive
[14:19] {+cc_9} ok back
[14:19] {+cc_9} GMCR $81.00 ???? nooooooooooooooooooo
[14:23] {nemo} awwww. Mr. Bill
[14:23] {nemo} gmcr bounce here
[14:25] {jdetente} oh no Mr. Bill
[14:26] {dino} afternoons are still dead
[14:29] {+cc_9} hope someone caught YELP
[14:33] {+cc_9} oh yea, i also see BBRY spiked earlier :D
[14:34] {nemo} fb bounce territory
01[14:44] {&Threei} Long Setup:  FB  .10 break
01[14:45] {&Threei}  If holds  47
[14:51] {jdetente} there was 1:1
01[14:51] {&Threei}  1:1 :)
01[14:52] {&Threei}  babies are candiless today again
[14:55] {robbers} Out half at .29
01[14:56] {&Threei}  :)
[15:21] {nemo} aapl is holding up the market today
01[15:28] {&Threei} Long Setup:  GLD  .70 break
01[15:28] {&Threei}  If holds  .60
[15:35] {dino} wcg spike
[15:37] {RonS} got nothing wcg
[15:37] {dino} sm s .54
[15:38] {dino} stop .84
[15:38] {nemo} ow
[15:40] {dino} short .00 break
[15:42] {nemo} gdx
[15:43] {dino} cov wcg .54, +.44
01[15:43] {&Threei}  drew, you here?
01[15:43] {&Threei}  wtg dino
[15:43] {dino} ty
[15:50] {Will49} Interesting day Vad...tks for the calls
[15:50] {Alexs} Vad remind me please that tech analysis book
[15:50] {nemo} Magee
[15:51] {nemo} http://amzn.to/19ukRhM
[15:52] {Alexs} ty nemo
01[15:52] {&Threei}  yup
[15:52] {nemo} don't ask me to share anymore
01[15:52] {&Threei}  thank you all
01[15:52] {&Threei}  have a great evening, see you tomorrow
[15:52] {Alexs} lol
[15:52] {jdetente} thanks Vad. See ya guys manana
[15:54] {dino} wcg again

Friday, September 20, 2013

Market Week Wrap-up

TradeTheNews.com  Weekly Market Update: Fed Confounds Expectations on QE Taper; Summers Steps Aside



- Two Fed-related surprises drove the market action this week. First, on Sunday, Larry Summers withdrew from the Fed Chairman selection process, setting off a risk-on rally based on expectations that the more dovish and collegial Janet Yellen was again the frontrunner to replace Chairman Bernanke. Then on Wednesday, the FOMC surprised markets by deciding not to reduce monthly asset purchases under its QE3 program. Coming into the week, the consensus view was that the Fed would announce a reduction of $10-15B in asset purchases (to $70-75B a month) at the Wednesday FOMC meeting. After the decision, Bernanke said unemployment remains at unacceptable levels and economic data does not yet warrant a reduction in asset purchases. Global equity markets moved sharply higher after the decision and sovereign bond yields dropped, with the yield on the 10-year UST falling as low as 2.67% after just about touching 3.00% in the prior week. Gold has gained more than 6% in the aftermath of the Fed announcement, with spot gold trading as high as $1,370. The US data out this week was mixed, with relatively strong Empire and Philadelphia Fed manufacturing surveys, while initial weekly jobless claims are poised to drop below 300K. August existing home sales hit another six-year high, although the August housing starts and building permits did not quite rise to high expectations. Some of the market gains after the Fed surprise on Wednesday were erased by Friday, in part due to the Fed denting its credibility with the markets. For the week, the DJIA gained 0.6%, the S&P500 rose 1.3% and the Nasdaq added 1.4%.

- For sharp observers, the Fed's decision to hold pat on QE should not have been terribly surprising. Chairman Bernanke and the full spectrum of Fed officials have reiterated for three months that any decision to taper would be primarily data-driven, and there was a minority view among analysts that recent data softness might stay the Fed's hand. In retrospect, the decision to hold was even less surprising given the growing likelihood of a fiscal crackup in Washington later this month. Many observers commented that Bernanke appeared to downplay the 7% unemployment threshold after he neglected to mention the level until asked about it in the press conference by a journalist. Bernanke responded by saying there is "no magic number" the Fed is looking at for tapering and ending QE. The sole dissenter in the decision, Ester George, did say that the taper should have begun this month as waiting for more good data unnecessarily discounts very real economic progress, and warned that Fed credibility is now at risk. Now the focus is on whether the taper will begin at the next FOMC conclave in October or the December meeting, or later.

- Larry Summers removed himself from consideration to succeed Chairman Bernanke, citing high likelihood of an "acrimonious" confirmation process. Congressional opposition to Summers had been gradually building over the summer, and late last week a brace of key US senators said they would vote against his confirmation if he were selected. The move left Janet Yellen as the de-facto front-runner, although there was talk that former Fed vice chairman, Don Kohn, was also in the running.

- With Congress racing toward the end of the federal government's fiscal year on September 30, the deadline to avert a government shutdown, the House GOP continued to place roadblocks in the way of short-term budget extension. Democratic and Republican Congressional leaders traded rhetorical barbs all week long but there was no substantial progress in resolving the budget standoff. On Friday, the House passed a bill with a short-term extension of government funding that would also defund Obamacare. Senate Majority Leader Reid said the House bill was dead on arrival in the Senate, and Speaker Boehner indicated he fully expected the political wrangling over the stopgap spending bill would stretch at least into next weekend.

- Over the weekend, the US and Russia agreed to a plan to corral Syria's chemical weapons that gave the Assad regime one week to disclose a comprehensive listing of stockpiles and requires it to allow inspectors to complete weapons liquidation by mid-2014. By Friday Damascus had submitted an "initial disclosure" of its chemical weapons program to the UN. WTI crude futures dropped to their lowest levels since before the August 21st chemical weapons attack, closing out trade on Friday below $105/barrel.

- The German parliamentary elections are set for this weekend, pitting Chancellor Angela Merkel's conservative CDU/CSU and FDP coalition against a leftist coalition led by the SPD. Last Sunday, Merkel allies won a strong victory in the Bavarian state election, which also saw increasing support for the anti-euro AfD party. The latest polls suggest the CDU/CSU block should take about 40% of the vote, although the FDP is polling right around 5%, the threshold for getting any seats in the Bundestag. If FDP misses the threshold for representation, Merkel will face the difficult choices of forming a new coalition with the troublesome anti-euro AfD party or a grand coalition with her old rival, the SPD.

- With the fall earnings season now on the horizon, firms have begun offering Q3 profit warnings. Manufacturer Rockwell Collins offered a terrible FY14 view on the assumption that the sequester is here to stay. Shares of Outerwall (formerly known as Coinstar) dropped sharply on Monday after the firm trimmed its financial targets for the current quarter and the full year. Trucker Werner Enterprises offered a Q3 outlook that fell well short of the consensus view, citing a wide range of issues. Steel names Nucor, Steel Dynamics and AK Steel all offered Q3 guidance, although only the latter offered a divergent view, which was way below consensus. Friday afternoon, Blackberry confirmed it would slash over 30% of its workforce and reported preliminary Q2 results far below expectations, blaming it on weak demand for the new Z10, its entrant into the high end touchscreen smartphone market.

- Currency markets moved primarily off of the Fed announcement this week. EUR/USD held very steady around 1.3350 into the decision and then rose more than two big figures to trade just shy of 1.3570 on Thursday morning, before settling down to 1.3540 at the end of the week. The yen came into the decision pivoting around 99, then dipped as low as 97.80 on Wednesday and finally rising right back up to around 99.50 on Thursday and into the end of the week.

- The other big central bank news this week was from India, where the RBI surprised markets by hiking its Repurchase Rate by 25 bps to 7.50%.





TradeTheNews

Sept 20 2013

Nice way to start the day, one of two winning trades before even first 15 min passed by:


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6 calls, 6 wins, 100% day. Can Friday be any better to close successful week? 


Session Time: Fri Sep 20 00:00:00 2013
[08:51] {nemo} You are a little soul carrying around a corpse. ~ Epictetus
[08:52] {nemo} gonna' wanna' look at ivv instead of spy today because of ex div.
[09:03] {dino} gm
01[09:04] {&Threei}  morning dino
[09:17] {robbers} Morning, Drew, nice to have you back.
01[09:18] {&Threei}  robbers :)
[09:18] {nemo} I'll be nice
[09:18] {ese} gm
01[09:18] {&Threei}  I appreciate the effort
[09:18] {nemo} I'll have to start drinking though
01[09:18] {&Threei}  couldn't be easy for you
01[09:18] {&Threei}  ese :()
[09:18] {nemo} ese's here too
[09:18] {nemo} this is gonna' be really hard
[09:18] {robbers} To you nice is a four-letter word.
[09:18] {nemo} love
[09:19] {ese} fat chance
[09:19] {nemo} that's four letters
[09:19] {jdetente} morning all
[09:19] {robbers} Wrong four.
[09:19] {ese} jd
[09:19] {Will49} gm
[09:19] {nemo} "punch"
[09:19] {nemo} ese dcc
[09:19] {RonS} gm...fore is a four letter word...
01[09:20] {&Threei}  jd, will, ron :)
01[09:20] {&Threei}  four is four letter word
[09:21] {ese} hmmmmm....doof, nerd........?
[09:22] {RonS} drmr?
01[09:23] {&Threei}  no such symbol
[09:23] {drewj} hey robbers...thanks
[09:23] {drewj} gm all
01[09:24] {&Threei}  drew :)
[09:24] {RonS} ese's license plate for drummer...
01[09:24] {&Threei}  lol
[09:24] {+cc_9} Good morning people
01[09:25] {&Threei}  cc9 :)
[09:25] {+cc_9} Kind pre-market remind : Today is triple witching
[09:25] {Will49} go back to bed
[09:25] {+cc_9} no u
01[09:25] {&Threei}  oh you two
[09:25] {Will49} should have been a question cc
[09:26] {Will49} go back to bed?
[09:26] {cipher} gm
[09:26] {+cc_9} RNA = went public in June.
[09:26] {+cc_9} Today its -75% overnight
01[09:26] {&Threei}  cipher :)
[09:27] {Will49} is the strategy any different for us on triple witching day?
[09:27] {RonS} failed trial  rna
01[09:27] {&Threei}  btw, yesterday I figured out how nemo is different from other humans
[09:27] {Alexs} gm
01[09:27] {&Threei}  alex :)
01[09:27] {&Threei}  we were all taught to do what when life hands us lemons?
01[09:27] {&Threei}  right
01[09:27] {&Threei}  not nemo though
[09:28] {Will49} uses them for target practice?
01[09:28] {&Threei}  he makes lemonade, finds someone to whom life naded vodka and has a party
01[09:28] {&Threei}  handed
[09:28] {jdetente} smart man
01[09:28] {&Threei}  alex... missed your fair share yesterday
01[09:28] {&Threei}  we handed it to nemo instead
[09:29] {Alexs} :)
01[09:29] {&Threei} Short Setup: GDX  .85 break
01[09:29] {&Threei}  late
01[09:30] {&Threei}  ugh
[09:30] {+cc_9} RNA $6.00 lol
[09:31] {nemo} yeah, took it in the shorts 60 grit
01[09:32] {&Threei} Short Setup: GDX  .85 break
[09:32] {nemo} 50 sma is 27.14ish
01[09:32] {&Threei}  If holds  .92
[09:32] {+cc_9} RNA $6.20
[09:32] {nemo} you might want a 2 sider for that because the 50 is just overhead
[09:33] {+cc_9} RNA $6.40 lol
[09:33] {nemo} what news?
01[09:34] {&Threei}  stop to .91
01[09:34] {&Threei}  1:1
01[09:34] {&Threei}  by the book from here
[09:35] {+cc_9} RNA blowing up $6.60
01[09:35] {&Threei}  1:2
[09:35] {robbers} Out, thanks.
[09:36] {jdetente} nice way to start a Friday
01[09:36] {&Threei}  :)
01[09:36] {&Threei}  (US) House expected to vote today around 10:30ET on stop-gap funding bill that would also defund Obamacare
01[09:36] {&Threei}  yeah
01[09:36] {&Threei}  out in full
01[09:36] {&Threei}  close enough to 1:3
01[09:36] {&Threei}  and dropped quite hard
[09:37] {Will49} nice start Vad tks
01[09:38] {&Threei}  yw
[09:39] {dino} pru sm l .58
[09:39] {+cc_9} RNA $6.70 boooom
01[09:39] {&Threei} Short Setup: GLD  .60 break
01[09:40] {&Threei}  If holds  .70
[09:40] {+cc_9} $6.90 blowing upppppppp
[09:40] {+cc_9} $7.20000000
[09:40] {+cc_9} sorry guys, its just the excitement
[09:40] {nemo} 10 likely
[09:41] {nemo} change your underwear
[09:42] {+cc_9} all out
01[09:42] {&Threei}  wtg
[09:42] {+cc_9} RNA Long entry }}} http://img833.imageshack.us/img833/4156/1jdg.jpg
[09:42] {jdetente} nice one cc
[09:42] {nemo} you doing ese lots on that cc?
[09:42] {+cc_9} RNA exit }}} http://img708.imageshack.us/img708/1438/kmao.jpg
[09:42] {+cc_9} thanks guys :D
[09:43] {dino} icpt pulp all over the place
[09:44] {+cc_9} RNA going to $8.00 without meeeeeeeeeee
[09:44] {+cc_9} brb, going to ebay to order new monitors
[09:44] {RonS} qcor into the gap...
[09:44] {nemo} first fib level above 10
[09:45] {dino} vsm l icpt .01
[09:47] {+cc_9} Ron, you in QCOR ?
[09:47] {robbers} Out thanks.
01[09:47] {&Threei}  uh oh
01[09:47] {&Threei}  Habitable conditions on Earth will be possible for at least another 1.75 billion years, according to astrobiologists.
01[09:47] {&Threei}  gotta hurry...
[09:49] {jdetente} GLD dropping nicely
[09:50] {dino} out pru .89, +.31
01[09:50] {&Threei}  wtg
[09:50] {dino} ty
[09:51] {+cc_9} QCOR nonstop
[09:51] {+cc_9} gap does not close until 52s, but i doubt it needs to go there in a single session
[09:55] {+cc_9} largest volume bar all day QCOR
[09:55] {+cc_9} could see bottom shortly.
[09:55] {dino} phh sm s .99
[09:55] {ese} ya but.....just think of the potential revenue for 1.75 billion iphones eh
[09:55] {ese} go long apple i'd say
[09:56] {dino} think you just did
[09:58] {+cc_9} QCOR see if it can clear $57.00 on this reversal
[09:58] {dino} gap is the siren call
[09:58] {nemo} women...
[09:59] {ese} I have 1 shs of it dino at 382.00 for the hell of it ...it's been interesting to watch
[09:59] {dino} 200 from 34 few years ago
[10:00] {ese} nice.....that beats my 1 for sure......bought it july 11 just before the run up 2012
[10:01] {dino} i need chart to find date long time ago. ipod beginning. in joint account, got lucky
[10:01] {+cc_9} QCOR coming back
[10:01] {ese} lol
01[10:01] {&Threei}  drew, how are you doing?
[10:02] {drewj} fine...just paper tradeing today
[10:03] {drewj} i thought a lot about what you guys said the other day about price being the most important thing
[10:03] {drewj} makes a lot of sense
[10:04] {dino} daytrading is a different beast drew. gl
[10:04] {drewj} support and resistance are extreemly important
[10:04] {nemo} Dolly Parton's mantra
[10:05] {drewj} lovely lady
[10:05] {Will49} :)
[10:05] {+cc_9} QCOR wall now 57
[10:06] {dino} going for lod qcor
[10:07] {dino} hmmm, or not
[10:08] {+cc_9} 56 - 56.50 jam with 57 wall/breakout
[10:08] {RonS} qcor pulp, srpt extreme pulp
[10:08] {+cc_9} longs will get back in on 57 break
[10:08] {dino} drug failure srpt
[10:09] {nemo} aem short
[10:09] {+cc_9} dino, no
[10:09] {+cc_9} GSK failure
[10:09] {+cc_9} but affecting other bios yes
[10:09] {dino} rival, just saw that, sorry
[10:09] {+cc_9} GSK failure = GSK stock up
[10:10] {dino} cov phh .69, +.30
[10:13] {dino} out icpt .70, +.69
[10:13] {dino} wicked
[10:13] {+cc_9} notice how each time QCOR gets close to lows, they put ~ 0.15-0.20 spread
[10:14] {Will49} dino on fire
[10:15] {+cc_9} QCOR crater
01[10:19] {&Threei} Long Setup:  IWM  .05 break
01[10:19] {&Threei}  If holds  .95
01[10:23] {&Threei}  stop to .99
[10:29] {dino} ioc drop
[10:30] {nemo} algo view:  http://bit.ly/1dZdQfB
[10:31] {+cc_9} good ol' IOC, the king of pulp
[10:31] {dino} pretty much
[10:33] {dino} txtr
[10:33] {+cc_9} QCOR a comeback attempt from the depths of hell
[10:35] {nemo} reshort would likely be 57 area
[10:36] {ese} L tibx .55
[10:39] {ese} am hoping the spyders have made there low of the day.......anyone want to offer me an opinion
[10:39] {nemo} you're out of your mind
[10:40] {+cc_9} ese, today is triple witching, could get out of whack towards the close
[10:40] {ese} lol
[10:40] {nemo} Quad witching I thought
[10:40] {ese} ya true cc
[10:40] {+cc_9} octo witching, f**k it
[10:40] {RonS} lol
[10:40] {ese} lol
[10:40] {nemo} heavy flow day I guess
[10:41] {+cc_9} QCOR pulling an old Tim Tebow
[10:41] {RonS} praying?
[10:41] {fish_49} Nemo  what is triple witching day and are you wearing sunglasses?
[10:41] {+cc_9} that too
[10:41] {nemo} no...drinking appt got switched to Sunday
[10:41] {+cc_9} Fish, triple witching : http://bit.ly/1fhAfCM
[10:42] {nemo} Fish, quad witching : http://bit.ly/18G0Et8
[10:43] {+cc_9} Fish, ocot witching : http://bit.ly/Jlsc9d
[10:43] {nemo} it tends to artificially affect price action
[10:43] {RonS} w/ weeklies now isn't it poly witching today?
[10:43] {nemo} wiccan expiration
[10:44] {nemo} somebody should have shot that bitch
[10:44] {RonS} who?
[10:44] {nemo} Octomom
[10:44] {RonS} ah
[10:44] {+cc_9} QCOR the comeback kid, $57_
[10:44] {nemo} cc's seems to have a fetish for her
[10:44] {RonS} what about the doc?
[10:44] {nemo} draw and quarter
[10:45] {RonS} yep
[10:45] {nemo} I'd take him apart one joint...nah, I'd skin him
[10:45] {nemo} leave the sob alive
[10:45] {+cc_9} those are some wild fantasies you got there nemo
[10:46] {+cc_9} take it easy bud
[10:46] {nemo} just take the top 3 or 4 dermal layers from his entire body.. I'd also slice his achilles
[10:46] {RonS} thinking you need hunting seaon...
[10:46] {RonS} season
[10:46] {nemo} nah, not same kind of gratification as making assholes suffer
[10:47] {Will49} nemo...do you watch Dexter?
[10:47] {nemo} no
[10:47] {nemo} frickin' amateur hour
[10:47] {Will49} right up your alley
[10:47] {RonS} no need...he is?
[10:47] {Will49} Dexter Plus
[10:47] {nemo} frickin' choirboy
[10:48] {fish_49} Ahh thanks Nemo.  I knew about the rollover  just didn't hear it called that b4.  I already switched over trading the Z (December) Contracts
[10:48] {Will49} every trading room should have at least one psychopath
[10:48] {nemo} I'm hardly a pscyhopath...I just have the ability to go wherever the situation requires mentally and physically
[10:49] {RonS} always liked it when there was another...magoo...
[10:49] {Will49} hey look! NSA is actually trying to get in the room
[10:49] {+cc_9} nemo is a sick man
[10:49] {fish_49} Magoo?  did not see that name for a long time  what happened to magoo?
[10:49] {nemo} cartoon was cancelled
[10:49] {RonS} lol
[10:50] {+cc_9} uh oh
[10:50] {nemo} QCOR this area for reshort
[10:50] {RonS} sounds like one of mine...
[10:50] {+cc_9} did someone call the party van ?
[10:50] {nemo} right here might be a good idea
[10:51] {ese} speaking of magoo......dino?   what da heck is he up too...........make sure you say hi to him for us....and we miss him on the board
[10:52] {+cc_9} lol @ nsa unable to get access
[10:52] {ese} and well he should be with a nick like that
[10:52] {RonS} we don't need no stinkin NSA...
[10:52] {nemo} I'm going to a ceremony at Ft. Meade next Spring
[10:52] {+cc_9} its for your own good Ron
[10:52] {ese} ya well ....the stuff we talk here is national security stuff don't you know
[10:53] {Will49} they want nemo
[10:53] {nemo} nah, they're naming the education complex after my uncle
[10:53] {Will49} haha
[10:53] {Will49} really?
[10:53] {nemo} I'm serious
[10:54] {nemo} He was a legend at the agency
[10:54] {nemo} spoke 16 languages
[10:54] {Will49} too bad you got left out of the gene pool
[10:54] {RonS} was his tongue double jointed?
[10:54] {nemo} last 10 years of his career he ran training world-wide
[10:54] {nemo} GS-18 Deputy Director
[10:55] {RonS} wow
[10:55] {+cc_9} Is that how you learned to skin people nemo ?
[10:55] {fish_49} 18?
[10:55] {nemo} yep
[10:55] {nemo} No, that was someone else
[10:55] {RonS} Rambo
[10:56] {nemo} not exactly, ex Spetznaz/Legion de Francais Colonel
[10:56] {fish_49} after 15 it goes to SES (Senior Executive Staff)
[10:56] {nemo} yeah, they changed the designations in the 90's I think...either way, he was an 18
[10:57] {+cc_9} QCOR still pushing, 57.20s offer
[10:57] {fish_49} ahhh I retired as a 13  Jumior Exec Staff  lol
[10:57] {nemo} He was one of the charter employees, went over from State when Truman signed the order establishing NSA in 1952
[10:58] {ese} thats cooler than cool nemo......
[10:58] {ese} what an honor
[10:58] {fish_49} Ahhh  really?  He was in the State Department?  what a cool place to work...
[10:58] {nemo} Oh, he was awesome guy, we had a great time together
[10:58] {Will49} yeah nemo...you are obviously very proud of him
[10:58] {ese} is he there to cut the ribbon and stuff......or ...are you doing it
[10:58] {RonS} unless you were in Benghazi...
[10:59] {nemo} I don't think he'll be there...remember Summer of '10 when I was kinda AWOL, he was dying, I was helping take care of him...I actually gave the eulogy at his funeral mass
[11:00] {fish_49} touching   I make rule #8 in my plan not insulting Nemo for one day
[11:00] {ese} yes......
[11:01] {Will49} amen
[11:01] {nemo} Guy had serious joie de vivre
[11:01] {ese} nice
[11:01] {nemo} when he retired he added a library to his house
[11:01] {nemo} vaulted ceilings stacked with books
[11:01] {nemo} we'd never leave that room
[11:03] {nemo} I'd sit down to read a book, then he'd pull another one that addressed the same subject from a different angle, plus we both spoke German-we'd go over the German poets and literature, drink wine...always a joyful learning experience with him....I was Veeeeeeery Lucky
[11:04] {nemo} Funny as hell, when he was in Germany in his early 50's back in 83-84, he had an office party.  Made all the men from the Office play "The Country Game"
[11:04] {Will49} biggest influence in your life?
[11:04] {RonS} wow def of pulp srpt
[11:04] {jdetente} that's really awesome nemo
[11:04] {nemo} It's a drinking game where you start with the letter A and proceed accordingly, each time you had to pick a different booze
[11:05] {nemo} Next morning we're slouched at the breakfast table
[11:05] {nemo} He told me just before he died, that was the last time he played
[11:06] {nemo} I think I made it to M
[11:07] {nemo} I don't know if he was the biggest, but right up there...You don't get to meet many like him
[11:08] {nemo} One of his former employees said about him, "You never feared him, you just never wanted to disappoint him."
[11:08] {nemo} Now that's a boss
[11:08] {fish_49} agreed
01[11:10] {&Threei}  that can be said only of a big person
[11:10] {+cc_9} QCOR 57.40+
[11:11] {nemo} He was a teacher first
[11:11] {Will49} thanks for sharing that nemo
[11:12] {nemo} Although he could be a soloist of the highest virtuosity, his greatest joy was in the choir of family and friends around him
[11:13] {nemo} Sure
[11:13] {nemo} I guess I kinda' ruined my image, huh?
[11:14] {Will49} if softening = ruining...yes
01[11:15] {&Threei}  not even close to my mafia roof guy who ran the neighborhood, about 1/3 of a city, when he confessed that when he has insomnia he cleans the house
[11:15] {Will49} :)
[11:15] {fish_49} Glad he didn't clean your house Vad
01[11:16] {&Threei}  hehe
01[11:16] {&Threei}  we were friends... as much as you can be friend with this type
01[11:16] {&Threei}  I was sad when he was shot
[11:17] {fish_49} shot dead?
01[11:17] {&Threei}  yes
[11:17] {fish_49} oh BTW Vad  I wanted to say thanks
01[11:17] {&Threei}  leaving the bar at 3 am
01[11:18] {&Threei}  3 shooters, execution style
[11:18] {Will49} did he leave a toilet seat up?
01[11:18] {&Threei}  two took out his guards, one emptied machine gun into him
[11:18] {fish_49} Who cleans his house now?
[11:18] {RonS} lol
01[11:18] {&Threei}  I didn't stick around to find out
01[11:19] {&Threei}  thanks for what, fish?
[11:19] {fish_49} I may have knew from school years but forgot and was reminded last night that we bought Alaska from Russia
01[11:19] {&Threei}  ah yes
01[11:20] {&Threei}  generations regretted that, and still do
[11:21] {fish_49} I thank the Japs also if there are any in the room
01[11:21] {&Threei}  what did they give you?
[11:21] {fish_49} because they occupied parts of Alaska during WWII we created the major highway that people said could never be built because of the rough terrain
[11:22] {RonS} oof, learned the hard way US Japanese-Americans hate the word Jap
[11:22] {jdetente} Yeah that's not really a good word
[11:22] {RonS} didn't understand until saw a life-size replica of the camps at the Smitsonian Museum
[11:22] {fish_49} ohhh sorry hope I did not offend anyone
[11:23] {RonS} Smithsonian
[11:23] {fish_49} Japs Yanks  not really a bad term in my mind
[11:23] {robbers} Yeah, lived in Tokyo for three years, they do hate that, it's the "N" word to them.
06[11:23] * &Threei slaps fish_49 around a bit with a Dictionary of Political Correctness
[11:23] {robbers} So I used Nip instead.
[11:23] {jdetente} hahahaha
[11:23] {dino} lol
[11:23] {RonS} could give a shit if a Japanese does not like Jap...they are Japs
[11:24] {jdetente} there was a ton of racism out here in California during the war
[11:24] {jdetente} people dispossessed of land etc
[11:25] {RonS} Fave magazine cover (from UK) was when PM of Japan was visiting UK for the first time in history:  "There's a Little Nip in the Air"
[11:26] {robbers} On a cold night, many nips in the air there.
[11:26] {fish_49} the Older Koreans  Hate the Japanese,  My wife is ok with them but her parents wont allow her to own and Japanese products
01[11:26] {&Threei}  no photograhy as a hobby for her then
[11:27] {jdetente} yeah the Japanese themselves have a very long history of racism towards all of the other Asian cultures...
[11:27] {fish_49} yea  she is stuck with small Samsung cam on her phone
[11:27] {fish_49} lol
[11:27] {jdetente} plus massacres
01[11:27] {&Threei}  well... unless you agree to pay for Leika :)
01[11:27] {&Threei}  which btw lately is made by Panasonic anyway, lol
[11:28] {fish_49} yes JD  and when they left Korea they took a lot of ladies and children with them to be slaves
[11:28] {jdetente} yup. lot of ugly things happened over there
[11:29] {jdetente} plus the Japanese government has never apologized for all of the bs they pulled during the war
[11:29] {jdetente} anyway enough serious talk...haha
01[11:30] {&Threei}  I challenge anyone to show any area in the world where no ugly things happened
[11:30] {Will49} Tibet
01[11:30] {&Threei}  uhhu
01[11:30] {&Threei}  lol
[11:31] {jdetente} nice one Will haha
01[11:31] {&Threei}  ask Dalai lama
[11:31] {nemo} Tibet is not the nice pacifist place it's passed of as being
[11:31] {Will49} No?
[11:31] {nemo} no
[11:31] {Will49} how so
[11:32] {Will49} ?
[11:32] {nemo} They're no different than anybody else, you don't want to be a foreigner wandering in there un escorted
01[11:32] {&Threei}  go to Maui, enjoy amazing nature and climate, visit Iao Needle, soak in the view - then read how local natives wars unfolded there to a degree where the river was literally blocked by bodies
[11:32] {Will49} come to think about it, the young monks are getting militant
[11:32] {RonS} the whole country is a religious shakedown...Tibet
[11:33] {nemo} Tibetan Buddhism is not Buddhism it's the Bud-ha
[11:33] {Will49} and Buddhism isn't a religion
[11:33] {nemo} spiritual discipline
[11:33] {nemo} kinda'
[11:33] {Will49} yes
01[11:33] {&Threei}  (US) House of Reps passes stopgap spending bill funding govt through Dec 15; eliminating all funding for the Affordable Care Act, as expected**Reminder: 09/19 : (US) Senate Majority Leader Reid (D-NV): Any bill that defunds Obamacare is dead on arrival in the Senate
[11:34] {RonS} prefer my Bud-cold...
[11:34] {Will49} lol
[11:36] {+cc_9} QCOR pushing near $58
[11:38] {fish_49} they love playing games
[11:42] {+cc_9} QCOR } $58.30, the mother of all comebacks!
[11:44] {nemo} finnies coming into support, look for spy bounce
[11:45] {RonS} oldie but goody:  We go to the movies to be entertained, not to see rape, ransacking, pillage and looting. We can get all of that from the stock market. – Kennedy Gammage
01[11:46] {&Threei}  lol
01[11:46] {&Threei}  good thing about stock market though...
01[11:46] {&Threei}  any guess??
[11:46] {RonS} no
01[11:47] {&Threei}  it's us who get a chance to do pillaging and looting
[11:47] {nemo} no rape?
[11:47] {RonS} lol
[11:47] {RonS} look srpt
01[11:47] {&Threei}  nah... I enjoy having asking nicely and being given, umm... the askee

A few edited out comments intended for strictly adult audience

[11:48] {fish_49} man the room going to hell now
[11:49] {fish_49} where do you find these people Vad?
[11:49] {fish_49} lol
[11:49] {Will49} sounds like some sort of tool nemo
01[11:49] {&Threei}  that's one of my multiple talents
[11:49] {nemo} surgical alterations
[11:51] {nemo} P short here
[11:51] {jdetente} that's a hell of a thing to admit nemo
[11:51] {nemo} P=Pandora
[11:51] {nemo} at my age J
[11:51] {jdetente} suuuure
01[11:52] {&Threei}  rofl
[11:52] {nemo} I've got the perfect relationship for my age
[11:53] {fish_49} it took me a minute to understand JD  but now lol  I said I would not insult him but ok for others  to do it
[11:53] {fish_49} lol
[11:53] {+cc_9} i left a little bit ago when nemo was talking about skinning people, only posted updates on QCOR, now im back and reading...and what the shi*t am I reading about gagging and tears for ?
[11:53] {nemo} no one made you
[11:54] {nemo} that was an insult, oy
01[11:54] {&Threei}  ok, let's drop it before heavy editing becomes an issue
[11:54] {RonS} lol...heavy editing...
[11:54] {nemo} skip it today, tell them you took the day off
[11:54] {nemo} yeah, my though exactly Ron
[11:55] {nemo} who did that album?
[11:55] {+cc_9} #requesting backup, all units codenemo#
[11:55] {jdetente} LOL
[11:55] {RonS} lol...roomcleanup police
[11:57] {+cc_9} ok back to market
[11:57] {+cc_9} SPY fresh lows
[12:00] {+cc_9} im just now noticing SSO did not actually gap down while SPY did
[12:00] {nemo} ex div
[12:00] {+cc_9} SPY near its price pre-Fed announcement, SSO way above
[12:00] {+cc_9} ahhhhhhh
[12:00] {+cc_9} nemo finally coming in handy
[12:00] {nemo} mmmmhhhh
[12:01] {nemo} look at ivv cc
[12:03] {+cc_9} yup, thats more like it
[12:03] {nemo} yeah, this will screw up pivots for Monday
[12:03] {nemo} on spy
[12:04] {+cc_9} Lets hope for a massive price adjustment on equities EOD
[12:04] {nemo} yeah, rebalancing today
[12:06] {nemo} Oh guys, one more interesting tidbit on my uncle:  When they diagnosed his brain tumor at the age of 80 at John's Hopkins, two thinks stood out:  His was the largest physical brain they had ever measured, and it had the plasticity of a person in their 20's
[12:08] {fish_49} most of his family have High IQ?
[12:09] {nemo} yes...but I could argue with some of the programming
[12:10] {RonS} how do you measure brain plasticity pre mortem?
[12:10] {nemo} I don't know how they could, it may be the quality of MRI's allow that now
[12:11] {fish_49} Gentics passed on his genes
[12:11] {nemo} I know there were significant resolution improvements in newer machines from ones pre-2004
[12:12] {nemo} Funny, I remember sitting watching him read books.  To me it looked like he was just flipping pages
[12:12] {nemo} sheesh
[12:12] {fish_49} should have saved brain tissue  to clone
[12:15] {nemo} interesting how tight a range IWM is holding, but the finnies and SPY are weak
[12:21] {+cc_9} no trading till last hour imo
[12:21] {nemo} you know what they say about opinions...
01[12:22] {&Threei}  let me offer you some visul pleasure while there are no compelling plays:
01[12:22] {&Threei}  http://photography.realitytrader.com/2013/09/september-marvels.html
[12:23] {+cc_9} harvest moon last pic = best
[12:23] {fish_49} Vad  how far away from the hawk were you when taking that pic?
[12:23] {fish_49} Agree CC
[12:23] {fish_49} Both harvest moon pics are awesome
01[12:23] {&Threei}  quite far... top of the tall tree
[12:24] {fish_49} its a great zoom
[12:24] {fish_49} your near the base of that tree or further away?
01[12:24] {&Threei}  50-200... unfortunately I didn't have teleconverter then
01[12:25] {&Threei}  I was over the pond
[12:25] {fish_49} Now that I'm retired I want to buy a nice camera and a couple good lens.
01[12:25] {&Threei}  with my 1.4 converter and new camera coming soon, this kind of shots will be more spectacular
[12:25] {fish_49} Come on Vad  make some 1:6 calls  I need that camera
01[12:26] {&Threei}  sorry, mine is spoken for
01[12:27] {&Threei}  killer whale shots were the toughest technique wise
01[12:27] {&Threei}  the rest is easy stuff
[12:27] {fish_49} how much photoshop done on the harvest moon pics?
01[12:28] {&Threei}  not much... some cleanup, little curve correction
01[12:29] {&Threei}  in the last one, combining of two shots for focus stacking
01[12:29] {&Threei}  can't get both moon and driftwood in focus in one shot with tele lens
[12:29] {fish_49} piece it together in photoshop?
01[12:29] {&Threei}  so one shot is focused on the moon, another on driftwood, put together in pp
01[12:30] {&Threei}  they are identical, jujst focused on different points
[12:32] {RonS} Z death
[12:32] {+cc_9} there you have it guys, GDX back to pre-Fed announcement prices :)
[12:34] {+cc_9} Z wow
[12:34] {+cc_9} That's $10 from session highs
01[12:35] {&Threei}  tells you all you need to know about its future
[12:36] {+cc_9} Z : http://www.citronresearch.com/category/citron_reports/
[12:36] {fish_49} Let me have some fun and say I see GDX pause at and bounce at 25.86 and then if it gets to 25.61 is a long for a nice pop
01[12:36] {&Threei}  GLD/GDX become "spike on disaster fear" plays
[12:37] {+cc_9} Z another Citron target.
01[12:37] {&Threei}  (US) Fed's George (hawkish, FOMC dissenter): Decision to hold QE steady was disappointing, expectations were tapered rather than bond purchases- Many costly preparations were made, including Fed communications, to get markets ready for changes to QE. - Fed cannot let markets dictate policy, markets get things wrong occationally.
[12:37] {+cc_9} When Z is done tanking, could see similar move to QCOR
01[12:38] {&Threei}  (PT) S&P places Portugal bank ratings on watch Negative- The factors that could potentially lead us to downgrade Portugal could also have negative implications for our view of the creditworthiness of the Portuguese banking industry in general, and of individual banks. -- We are therefore placing on CreditWatch negative the long- and short-term counterparty credit ratings on all the banks we rate in Portugal
[12:40] {+cc_9} Z trying to catch some bids here
01[12:40] {&Threei}  "Never install subwoofer in Smart car - it will tear the car in half"
[12:41] {+cc_9} Z beautiful
01[12:41] {&Threei} Long Setup:  GDXC  .10 break
[12:42] {+cc_9} Thank you Ron for Z
[12:42] {cipher} thx for heads up on it cc
[12:42] {+cc_9} Z scalp (thanks to Ron) }}} http://img209.imageshack.us/img209/3977/xoyc.jpg
[12:42] {cipher} took a scalp too +.86
01[12:42] {&Threei} Long Setup:  GDX  .10 break
01[12:42] {&Threei}  good job guys
[12:42] {+cc_9} nice going cipher!
01[12:42] {&Threei}  If holds  26
[12:44] {dino} rkt going for 106 gap area
[12:44] {cipher} 2 scalps on Z and my day is fixed lol
[12:44] {cipher} been threading water all day
[12:45] {+cc_9} sometimes, its all you need cipher
[12:45] {dino} gj cipher
[12:46] {+cc_9} I got lucky today catching RNA early, then did some death play on QCOR which worked out after a hellish tank, and finished it with Z. All done now, just watching from a distance.
[12:46] {cipher} thx dino
[12:47] {cipher} same here just sitting back sipping martinis :)
[12:47] {cipher} it's friday after all
[12:48] {+cc_9} that a boy
[12:48] {cipher} got some good trades on ES in the other acct though
[12:48] {nemo} yeah, good time to be sitting back, looking down on the top of a head
[12:48] {cipher} all short
[12:48] {fish_49} same here
[12:48] {+cc_9} gona sit tight till last 30 mins, hopefully indexes get some movement around then
[12:50] {cipher} ok guys, it's been a fun day see ya next week
[12:50] {fish_49} later
[12:50] {fish_49} have a great weekend
[12:50] {+cc_9} Take it easy.
01[12:50] {&Threei}  hace a good weekewnd cipher
[12:50] {dino} cya cipher
[12:52] {RonS} wow, never seen scanner so slow...
[12:54] {+cc_9} this is just for fun, but keep an eye on RNA once the algos let her go off this sideways channel
[12:55] {dino} txtr odd, pulp all over on a secondary?
[13:01] {RonS} de going for the fed pop round trip
[13:05] {+cc_9} RNA new session highs ;)
[13:06] {+cc_9} and now that they let her go, RNA pushing $8.00 round
[13:06] {+cc_9} notice how volume increased @ 12:45PM on RNA after sideways action (spread algo trading if I were to guess)
[13:07] {+cc_9} Also, Z is back to LOD
01[13:08] {&Threei} Short Setup: MCD  .40 break
01[13:10] {&Threei}  GDX stop to .04
01[13:11] {&Threei}  1:1
01[13:13] {&Threei}  have you guys see this incredible footage froma camera on an eagle's back?
01[13:14] {&Threei}  http://thechive.com/2013/09/18/somebody-strapped-a-gopro-to-an-eagle-and-the-results-were-simply-stunning-video/
[13:14] {RonS} ioc doing Mel Brooks
[13:15] {RonS} "It's good to be the King"
[13:15] {nemo} everybody, thank the Queen
[13:16] {+cc_9} Z double bottom, but rules are rules. Done means done.
[13:16] {nemo} I love my peasants!
[13:16] {+cc_9} (internally furious for not picking it back up @ $89)
[13:16] {+cc_9} [screams internally]
[13:17] {+cc_9} RNA hooking $8.00 offer / Z $1.50 bounce (#$%#)
[13:19] {jdetente} that eagle footage is awesome
01[13:20] {&Threei}  isn't it
01[13:20] {&Threei}  hard to believe what latest tech made posasible
[13:20] {jdetente} did you see this one?
[13:20] {jdetente} http://www.youtube.com/watch?v=1XNL9F2Urqs&feature=youtu.be&t=2m40s
01[13:21] {&Threei}  wow
[13:21] {fish_49} cool that they had sound also  sounded like he crashed into something
[13:21] {jdetente} killed that duck
01[13:23] {&Threei}  got some closeup shots of falcon
01[13:23] {&Threei}  amazing bird
[13:23] {fish_49} I was watching Mountain Men last night  the guy raised a falcon for 10 years and set it free after a good meal...  He cried
01[13:25] {&Threei}  https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjVvV1gFbIPeM1_0LAS8gbampinfyeo_tsBx0tfpdcQrIR_sjqNCQD0j2QYPEe85Sfac5WPwz5N0UeGJ-umJXs9ePHyO0RD2kTLTeHIy2IUCIZKvmYWAL6Qu0XOCjIbVGUHgAAvcy0kY8E/s1600/Image00003.jpg
[13:25] {jdetente} that is a great shot
[13:25] {jdetente} beautiful
01[13:25] {&Threei}  staring contest you are not likely to win
[13:25] {nemo} what's that, a piece of meat on it's beak?
01[13:25] {&Threei}  yes
[13:25] {nemo} hawk snot
01[13:26] {&Threei}  here is sideview: https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhVfzvw0Y_0oOPOertTpTahVF9zI2L6kTUM1lqit_0kl7opvd4tolXUqqnpKlnmVnG0t9gLO9xuR5Fwfj6YeKbheoOm6AKnyd9QQNJaATS1bo6p3DDClRTN2cXMleXWKTKYcvMinDUBLyE/s1600/Image00001.jpg
01[13:27] {&Threei}  and another magnificent bird: http://photography.realitytrader.com/2012/08/great-horned-owl.html
[13:29] {+cc_9} Since we are on the nature subject, here is a beautiful video I think Vad and you guys will enjoy : http://www.liveleak.com/view?i=cee_1379644379
[13:30] {nemo} shrooms ;-)
[13:30] {fish_49} fish  cool
[13:30] {fish_49} lol
01[13:31] {&Threei}  wow
[13:31] {nemo} I'd rather cuddle rattlesnakes and shoot people
[13:31] {fish_49} ok Les Junior
[13:31] {fish_49} that's not an insult  it's a step up for you Nemo
[13:32] {nemo} wow...
[13:32] {nemo} frickin' noobs
[13:33] {fish_49} what was the name of that plant that had the bug  for lunch?
[13:34] {+cc_9} the last animal in that video is freaking awesome
[13:34] {RonS} fish...nemo?
[13:35] {fish_49} yes?
[13:36] {nemo} sea creature-fish?
[13:36] {nemo} looks like it might be more closely related to a jelly fish
[13:37] {fish_49} seemed  to have electricity
[13:37] {+cc_9} I think its a mechanism that reflects what ever light is around
[13:38] {+cc_9} but i could be wrong
[13:38] {nemo} depends on depth
[13:38] {nemo} too deep likely  a chemical reaction
[13:38] {+cc_9} Yes, abyss critters create their own light
[13:39] {+cc_9} my great uncle was GS-19 Cousteau
[13:39] {nemo} how gauche
[13:39] {+cc_9} come on...
[13:39] {nemo} come on what?
[13:39] {+cc_9} You take offense too quickly.
[13:40] {+cc_9} There is no need to be upset :)
[13:40] {nemo} Cousteau was actually a nazi-sympathizer
[13:40] {nemo} I'm not taking offense, I'm just being a dick
[13:40] {+cc_9} Nazi sympathizer or not, he was good at what he did.
[13:40] {nemo} stick your chin out like that, what you think I'm not gonna' hit it
[13:41] {nemo} Absolutely, in the 70's there were a series of TV specials "The Undersea World of Jacque Cousteau"  they were awesome
[13:41] {nemo} one of the inventors of SCUBA gear
[13:41] {+cc_9} Yes
[13:41] {nemo} that's why I said it
[13:41] {nemo} sheesh
[13:42] {+cc_9} est ce que c'est de ta nature d'etre casse couilles ?
[13:42] {jdetente} no frog speak please
[13:42] {nemo} Ich habe keine Ahnug was du gesagt hast?
[13:42] {jdetente} nor kraut
[13:42] {+cc_9} lol
[13:43] {+cc_9} Along with the nature video, if anyone is into cooking, this is pretty awesome too : http://www.liveleak.com/view?i=4f3_1379616471
[13:43] {nemo} I'm into eating
[13:44] {nemo} frickin' pottery class
01[13:46] {&Threei}  we have what, 5 for 5 today?
01[13:47] {&Threei}  Alex... how's extraction of fair share going?
01[13:47] {&Threei}  drew? diego?
[13:47] {drewj} what's up
[13:48] {dino} swir spike
01[13:48] {&Threei}  just making sure you are OK
01[13:48] {&Threei}  follow along
01[13:48] {&Threei}  see what we see, execute with no probl;ems
[13:48] {Alexs} thank you Vad for our happy childhood
[13:48] {drewj} actively
01[13:48] {&Threei}  know what to do
01[13:48] {&Threei}  rofl Alex
01[13:48] {&Threei}  Stalin times slogan, for those who don't know
01[13:50] {&Threei}  http://stat17.privet.ru/lr/0a03f16a4538de73ff2d59090d8c244b
01[13:50] {&Threei}  text says what Alex said
[13:50] {Alexs} lol
[13:50] {drewj} so stalin made the poster?
[13:51] {dino} trip spike
01[13:51] {&Threei}  not himslef of course
01[13:51] {&Threei}  he had a lot of talents, but graphoc design pribably was not bloody enough for him
[13:51] {drewj} but he was giving credit to himself
01[13:52] {&Threei}  rather, he made sure that those who didn't give credit to him didn't live to see next week
[13:52] {nemo} I like the match factory story
[13:53] {drewj} How old were you when you left russia?
01[13:53] {&Threei}  35
[14:00] {+cc_9} CTRX 5min, all blood
[14:01] {fish_49} Thanks
[14:02] {+cc_9} GDX : elevator up, stairs down
[14:02] {+cc_9} 15min looks pretty
[14:03] {jdetente} push down the stairs
[14:04] {RonS} wow srpt
[14:30] {dino} scanners dead
01[14:39] {&Threei}  I am afraid I fvorgot about MCD in my math... that must be 6 for 6... no?
[14:40] {Alexs} 5
[14:40] {Will49} 5 X 5
[14:41] {Will49} just an excellent day (so far)
01[14:41] {&Threei}  babies clubbed into oblivion stand on the roadside begging for some candy to be handed back
[14:41] {Will49} lol
01[14:41] {&Threei}  hands extended
01[14:42] {&Threei}  that start of the week mutiny is sipressed mercilessly
[14:43] {fish_49} Drew you did ok today?  Followed rules?  Made money sir?
[14:43] {drewj} actually fish i paper traded today
[14:43] {drewj} no regrets though
[14:44] {drewj} thanks for asking
01[14:44] {&Threei}  paper or not... but, followed the rules strictly? understood all the trades?
[14:44] {drewj} yes
01[14:44] {&Threei}  to a degree where you know you would have executed them just the same with real money?
[14:44] {fish_49} awesome
01[14:44] {&Threei}  that's what matters
[14:44] {drewj} right
01[14:45] {&Threei}  if you do, you will be able to translate that experience in actual trading
01[14:45] {&Threei}  step by step... inch by inch
01[14:45] {&Threei}  cent by cent
[14:45] {drewj} i can see that
01[14:45] {&Threei}  support is there
[14:46] {drewj} that helps a lot
01[14:46] {&Threei}  Lisa Minelli singing
01[14:46] {&Threei} Short Setup: GDX  .75 break
[14:46] {drewj} :)
[14:50] {Alexs} stop .86?
01[14:51] {&Threei}  for now, yes
01[14:51] {&Threei}  want to trail after .70 break
01[14:51] {&Threei}  but it held it this time
[14:54] {fish_49} Out  in full thanks Vad
01[14:54] {&Threei}  already?
01[14:54] {&Threei}  shut up nemo
[14:55] {fish_49} yea
01[14:55] {&Threei}  trail to .82
01[14:55] {&Threei}  .81
01[14:55] {&Threei}  that's 6 x 6
[14:55] {nemo} weird the difference between iwm and spy today, regardless of the ex div
[14:56] {+cc_9} nemo, look at stocks like PB
[14:56] {+cc_9} you see its up today vs the market
[14:56] {+cc_9} PB is a component of the Russell
[14:56] {+cc_9} looks like all those kind of stocks are holding up vs SPY/QQQ
[14:57] {nemo} yes, one would think if the iwm were holding up the components would be also
[14:57] {dino} ok, calling it a week. thx all
01[14:57] {&Threei}  have a good weekend dino
[14:58] {+cc_9} so why is it "weird" that IWM and SPY are not matching today ?
[14:58] {Alexs} why you trail to .81 Vad?
[14:58] {+cc_9} or for lack of better words, moving in tandem.
[14:59] {nemo} seems strange, likely bodes higher prices on Monday if the more speculative stuff is staying up]
01[14:59] {&Threei}  with very good buffer of profit, want to give it a tad more breathing room, to try and utilize bigger drop
01[14:59] {&Threei}  it's in a no lose territory anywat
01[15:00] {&Threei}  and profit protection can be loosened a tad here
[15:00] {nemo} bbry halted
01[15:00] {&Threei}  BlackBerry Said to have hired advisor PriceWaterHouse Coopers (PWC) to assist in possible sale of the company - financial press- Reminder: in early September reports were that the company had hired boutique investment bank Perella Weinberg as one of its advisors as it continues to explore strategic options On 5/29/12, BBRY announced that it had hired J.P. Morgan and RBC Capital to help it review strategic options.
01[15:01] {&Threei}  BlackBerry Halted: news pending
[15:01] {fish_49} oh myyyyy
01[15:03] {&Threei}  it can't be good
01[15:03] {&Threei}  any reasonable takeover price will look as a takeunder to many holders
[15:06] {fish_49} in Government you had to have a blackberry it was the only thing most departments would allow.  over the past year or two many offices were switching to apple products
[15:08] {+cc_9} putting CTRX on watch for Monday for sure.
01[15:21] {&Threei}  BlackBerry Reports prelim Q2 -$0.51 to -$0.47 v -$0.17e, R$1.6B v $2.99Be; board continues to evaluate strategic alternatives; to take charge, cut 4,500 employees
[15:25] {jdetente} alright fellas calling it a week
[15:25] {jdetente} see everyone Monday
[15:25] {Will49} peace jd
[15:26] {fish_49} later JD
[15:26] {jdetente} great way to end the week. Thanks Vad
[15:26] {+cc_9} ok guys, outa here
[15:26] {+cc_9} see you all Monday
[15:27] {Will49} cheers ese
[15:27] {fish_49} have a good weekend
[15:28] {Alexs} fish don't forget to leave my share before you leave
[15:28] {fish_49} I will
[15:28] {fish_49} I made a handful in the room but  cleaned house on the YM shorts
01[15:29] {&Threei}  take care jd, cc
[15:29] {fish_49} they left an hour ago Vad
[15:29] {fish_49} lol
01[15:30] {&Threei}  well, I can only type when I open my eyes
01[15:30] {&Threei}  typing with my eyelids shut is a skill I am working on
01[15:30] {&Threei}  not there yet
[15:30] {Alexs} bbry reopen
01[15:30] {&Threei}  and on last hours I blink sloooooowly
[15:31] {fish_49} Im watching the YM  (DOW futures)  violating a demand zone  I should have held for end of day
[15:31] {fish_49} I took it short all day on pull backs  settled for scalps when if I would have just held all day would have been better off
[15:32] {nemo} you enter, partial, hold a piece, and do additional scalps
01[15:32] {&Threei}  ugh GDX
[15:33] {drewj} have a good weekend guys
[15:34] {fish_49} now it's official  GDX gave back everything from the pre Ben speach
[15:34] {fish_49} you too Drew
[15:34] {fish_49} your right Nemo  however,  I only trade one contract
[15:35] {nemo} ahh
[15:35] {fish_49} if I get good  I will increase
01[15:35] {&Threei}  take care drew
01[15:35] {&Threei}  BBRY...
01[15:35] {&Threei}  man
[15:35] {fish_49} the halt didn't seem to work
[15:36] {fish_49} I wonder if it has a safety trigger to halt again?
[15:36] {fish_49} or let the market be a market?
[15:37] {Will49} have a great weekend guys
01[15:37] {&Threei}  ok folks
[15:37] {fish_49} take care will
01[15:37] {&Threei}  let's call it a day and a week
[15:37] {fish_49} thanks for a good day Vad
01[15:37] {&Threei}  thasnk you all
01[15:37] {&Threei}  have a breat weekend
[15:37] {fish_49} Nemo  take care bro
01[15:37] {&Threei}  I'll see you on Monday!

Thursday, September 19, 2013

Sept 19 2013

Slowish day but we are back on profitable track. Didn't press anything, took only trades that were very compelling and it paid off. 

                                                                 7 X 7 OFFER dwindled to 2 X 2

                                                                        ONLY 2 LEFT!
If you follow our trading log, you couldn't help but notice our rather spectacular performance in traditionally empty August - start of September market. How did we achieve that? By applying our setups described in 111 TRADES Online Course.

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Session Time: Thu Sep 19 00:00:00 2013
[08:45] {nemo} Men are by nature merely indifferent to one another; but women are by nature enemies. ~ Schopenhauer
[09:02] {dino} gm
01[09:03] {&Threei}  morning dino
[09:04] {nemo} so, do we have a consolidation day, or profit taking day?
01[09:07] {&Threei}  that is the question
[09:09] {cipher} gm
01[09:09] {&Threei}  cipher :)
[09:15] {RonS} hello everyone
01[09:16] {&Threei}  ron :)
[09:20] {Will49} gm
01[09:20] {&Threei}  will :)
[09:20] {jdetente} Morning all
01[09:20] {&Threei}  jd :)
[09:24] {+cc_9} Morning all
01[09:24] {&Threei}  cc9 :)
[09:26] {ese} gm
01[09:26] {&Threei}  ese :)
01[09:26] {&Threei}  feeling better?
[09:26] {ese} feeling a little better today
[09:27] {ese} ya ......brutal the last couple of days.....standing up in front of a classroom dizzy....almost falling over at one point
[09:28] {Will49} yikes!
[09:28] {Will49} wait till after class to start drinking
01[09:28] {&Threei}  what fun in that
[09:28] {Will49} hope you feel better ese
[09:28] {fish_49} gm all
01[09:28] {&Threei}  fish :)
[09:28] {ese} definitely
[09:29] {ese} tks
01[09:29] {&Threei} Long Setup:  C  .75 break
01[09:29] {&Threei}  If holds  .65
[09:29] {dino} get well ese
[09:30] {ese} tks dino
[09:30] {jdetente} yeah feel better ese
[09:31] {+cc_9} Slight profit taking on gold related trade today ?
[09:31] {nemo} metals futures were ripping all night
[09:31] {+cc_9} GDX pulling back :)
01[09:32] {&Threei}  1:1
[09:33] {+cc_9} sweet fade on GDX :D
[09:37] {+cc_9} thats all i had for today, a nice gold miners fade
01[09:37] {&Threei} Short Setup: GLD  .60 break
01[09:37] {&Threei}  ugh, late
[09:37] {+cc_9} GDX beautiful drop :D
01[09:38] {&Threei}  grrr... 1:1
[09:38] {dino} insurers getting whacked again
[09:39] {+cc_9} GDX still falling woooooot
01[09:40] {&Threei} Long Setup:  GDX  .85 break
01[09:40] {&Threei}  If holds  .80
[09:40] {nemo} gdx bounce time
01[09:41] {&Threei}  1:1
[09:41] {jdetente} ugh missed
[09:41] {Will49} me too
[09:41] {jdetente} was at .90
[09:41] {nemo} fas coming into bounce territory
[09:43] {+cc_9} GDX still falling hehehe
[09:43] {+cc_9} I think GDX first visits the early 27s before anything
[09:43] {+cc_9} when GDX & DUST cross in price ($27) I think a black hole will form
[09:44] {jdetente} no life can exist within
01[09:44] {&Threei}  any chance we could lure Ben in that place by that moment?
[09:45] {jdetente} he is the undead so that is a tricky proposition
[09:45] {fish_49} imho GDX can be scalped long if it pulls back to .64
[09:45] {nemo} this gdx low is the monthly pivot
[09:46] {+cc_9} profit taking on fantasy rally yesterday
01[09:47] {&Threei} Long Setup:  C  .35 break
01[09:47] {&Threei}  If holds  .30
[09:47] {nemo} coming into daily pivot on FAS
[09:48] {nemo} 75.02
01[09:49] {&Threei}  meh
[09:51] {nemo} if you think more retrace in store for GDX, this is the spot to short
[09:51] {fish_49} good observation on GDX NemoToad
[09:51] {+cc_9} been short GDX since the open using DUST, staying in.
01[09:54] {&Threei} Long Setup:  GLD  .55 break
01[09:55] {&Threei}  change to .50 break
01[09:55] {&Threei}  If holds  .40
01[09:55] {&Threei}  with trail to .44 after .55 break
[09:57] {dino} yy spike
01[09:57] {&Threei}  trail
01[09:57] {&Threei}  1:1
01[09:58] {&Threei}  1:2
[09:58] {fish_49} out in full thanks Vad
01[09:58] {&Threei}  :)
[09:58] {jdetente} nice one
[09:58] {robbers} Out, thanks.
01[09:58] {&Threei}  1:3
[09:58] {jdetente} now out
01[09:58] {&Threei}  out
01[09:58] {&Threei}  1:4
[09:59] {Will49} sweet Vad
[09:59] {fish_49} great call Vad  where is what's his name  I forgot
01[09:59] {&Threei}  *(US) AUG EXISTING HOME SALES: 5.48M V 5.25ME
[10:00] {+cc_9} Gold tanking, again
01[10:00] {&Threei}  *(US) AUG CONFERENCE BOARD LEADING INDEX: 0.7% V 0.6%E
[10:00] {jdetente} nice drop
[10:00] {robbers} GLD now a lesson in trade management, glad we're out with a nice run up.
01[10:00] {&Threei}  no wonder, with decent numbers
01[10:00] {&Threei}  yeah
[10:01] {dino} yy sm s .36
[10:01] {fish_49} Those are good numbers  I want to see new home sales  up up and up
01[10:01] {&Threei}  with this yesterday FOMC move (or absence of such rather), now any good indication for the economy is a death verdict for gold
[10:01] {+cc_9} SPY bounced @ exactly its closing price yesterday
01[10:02] {&Threei}  Metrics: - Median existing home price: $212.1K v $213.5K prior (revised from $213.5K) - Total Months Supply: 4.9 v 5.1 prior (revised from 5.1 months) - Distressed sales: % v 15% prior - All cash sales: % v 31% m/m
01[10:02] {&Threei}  Distressed sales: 12% v 15% prior (lowest since data series began in Oct 2008)
[10:04] {fish_49} all very good news
[10:04] {fish_49} I am putting my house on the market in the spring
[10:04] {+cc_9} MET looks interesting at this level
[10:04] {dino} yy stop -.33
[10:05] {+cc_9} MET 2 day sell-off
[10:05] {+cc_9} GDX drop baby drop :D
[10:05] {nemo} not a single red stock on the algo
[10:06] {nemo} are you going expat fish, please...
[10:06] {+cc_9} MET good here with stop @ LOD
[10:09] {+cc_9} MET .40 on deck
[10:11] {fish_49} I am but  will try to maintain a house in seattle area
01[10:12] {&Threei} Short Setup: GDX  .80 break
01[10:12] {&Threei}  If holds  .90
[10:13] {dino} yy sm s .60
[10:15] {+cc_9} SPY back to LOD levels
[10:15] {dino} cov yy .01, +.51
[10:16] {Will49} nice Dino
[10:16] {dino} txtr spike
01[10:16] {&Threei}  wtg
[10:16] {dino} ty
[10:17] {fish_49} Your lucky today Dino...  Alex not here you don't need to share
01[10:17] {&Threei}  lol
[10:17] {dino} lol
[10:17] {+cc_9} SPY new lows, hanging off a cliff now
[10:19] {nemo} algo view: http://bit.ly/1bt8fw3
[10:26] {+cc_9} MET held its LOD when SPY printed a new one. Need a second leg over .40 on MET
[10:27] {+cc_9} meanwhile, TSLA all time highs
[10:29] {nemo} subdued group today
[10:30] {Will49} that's the guy who lost all the weight
[10:30] {Will49} sub dude
[10:30] {nemo} oh jeez,
[10:30] {Will49} ok pretty weak
[10:31] {nemo} understatement
[10:31] {nemo} today
[10:32] {nemo} like unh short below .90?
[10:33] {nemo} how about gmcr here
[10:34] {ese} L mas .67
[10:34] {ese} L swy .61
[10:35] {dino} 07 red
[10:35] {ese} thats not a good sign
[10:35] {dino} nope
[10:36] {ese} whats you 07 again dino? can't remember
[10:36] {+cc_9} SPY dropping again, MET holding up
[10:36] {RonS} krft round trip on the pop yest
01[10:38] {&Threei} Short Setup: GDX  .80 break
[10:38] {dino} scanner
01[10:38] {&Threei}  If holds  .90
[10:39] {ese} usu
[10:39] {dino} pulp
[10:39] {ese} rocket
[10:40] {+cc_9} SPY triple bounce so far off the 173 area
[10:40] {+cc_9} lower highs though
[10:40] {dino} market doesn't know which way to go
01[10:41] {&Threei}  neither do Fed or WH
[10:41] {nemo} the highs from yesterday are the weekly R3, not to  mention yesterday was such a rip.  we closed above daily R4.  I haven't seen that happen in years
[10:42] {dino} typically we reverse after fed day
[10:42] {nemo} yeah, but they told the market the heroin pipelin is staying open, they might party for a while longer
[10:43] {dino} not w/govt shutdown coming
01[10:43] {&Threei}  change to .90 break
[10:43] {ese} lol....heroin pipline
01[10:43] {&Threei}  If holds  .95
[10:43] {ese} good way to describe it
[10:43] {+cc_9} MET come on, break .40!
[10:43] {nemo} mainlining mexican brown or china white, take your pick
[10:44] {+cc_9} there ya goooooooo
01[10:44] {&Threei}  problem is, each time they do it it becomes more and more clear that the end nears
01[10:44] {&Threei}  and at some point market won't react to the usual dose anymore
[10:44] {nemo} violates the Reversion Principle-can't go on forever
[10:45] {dino} greater fool theory
01[10:45] {&Threei}  imagine the consequence of actual taper, AFTER market stops reacting p;ositively to simple "no taper" message
[10:45] {nemo} unfortunately we're the victims
[10:45] {nemo} I wonder if sacrificing Les would help
[10:46] {dino} find a volcano
[10:46] {nemo} nah, that's no fun-over too quick
[10:49] {+cc_9} MET .45
[10:51] {+cc_9} MET .50s boom
[10:51] {+cc_9} trade out. Solid and steady.
[10:51] {+cc_9} +$0.33
[10:53] {dino} gj
[10:55] {nemo} qcom breakout coming
[10:56] {+cc_9} MET blowing up now, high .60s
[10:56] {+cc_9} 10:07 cc_9 MET good here with stop @ LOD
[11:01] {nemo} gdx levels today: http://bit.ly/1dslFXk
[11:01] {dino} qcor blood
[11:02] {nemo} this low is the 50 day dino
[11:04] {dino} thx
[11:04] {dino} sm l .00 qcor
[11:04] {nemo} 61.24 is daily s4
[11:04] {dino} all over the place
[11:05] {fish_49} Time to update my Trading Plan
01[11:05] {&Threei}  to what?
[11:05] {fish_49} Plan was only 2 lines in past  Line 1= Follow Vads Calls
[11:06] {fish_49} Line 2 = Make money
[11:06] {fish_49} lol
[11:06] {fish_49} end of plan
[11:06] {nemo} where does open mouth, pull trigger fit in?
01[11:06] {&Threei}  I fail to see what needs updating
[11:06] {fish_49} I need 3 more lines
[11:06] {fish_49} Line 3 = Insult Nemo on daily basis
01[11:07] {&Threei}  approved
[11:07] {fish_49} ty
[11:07] {nemo} correction: TRY to insult Nemo
[11:07] {RonS} the guy is a piece of work fish
[11:07] {fish_49} work in progress Ron
[11:08] {nemo} it's tough dealing with mortals
01[11:08] {&Threei}  line 4?
[11:08] {nemo} No...I haven't started drinking today
[11:08] {fish_49} Line 4 Insult Nemo some more
01[11:08] {&Threei}  approved
[11:08] {fish_49} Line 5 If line 3 and 4 don't work start over
[11:09] {nemo} why don't you just write a loop instead of adding all that code
[11:09] {fish_49} I just did
[11:09] {fish_49} it's a DOS bat file
[11:09] {jdetente} somehow you left drinking out of your apporach
[11:09] {nemo} no, that's not a loop, that's sequential execution
[11:09] {fish_49} your old  I'm sure you remember DOS batch files
[11:09] {nemo} you have a test condition for execution, and a test execution for exit
[11:09] {jdetente} line 5 pour double scotch
[11:09] {dino} qcor to .55
[11:10] {dino} to .65
[11:11] {ese} out mas .40 -.27
[11:11] {ese} not a good way to start
[11:11] {RonS} took qcor .12 out .80 +.68  thanks dino, nemo, the academy...
[11:11] {nemo} "No mas" huh ese...
[11:11] {dino} to .75
[11:11] {ese} indeed
[11:11] {dino} gj ron
01[11:11] {&Threei}  wtg ron
[11:12] {RonS} thanks
[11:12] {nemo} might get a pullback under 63, but probably worth holding a piece
[11:12] {dino} to .79
[11:13] {nemo} support is at .60
[11:13] {dino} tear down that wall
[11:13] {dino} to .89
[11:14] {nemo} 63.50 likely
[11:14] {nemo} btw...fas at bottom of channel
[11:14] {dino} out .90, qcor, +.90
[11:15] {RonS} gj
[11:15] {dino} ty
[11:15] {fish_49} nice Dino
[11:15] {dino} ty
[11:15] {nemo} this low in IWM is the weekly R2
[11:16] {ese} nice one dino
[11:16] {nemo} see if  it holds support here
[11:16] {dino} ty
[11:17] {dino} vips and kors spikes
[11:17] {nemo} UNH interesting again
[11:17] {RonS} cab wreck
[11:17] {nemo} ha
[11:17] {nemo} ha
[11:17] {nemo} ha
[11:17] {nemo} err.....ha
[11:18] {RonS} do it for will...an uh me...
[11:19] {nemo} UNH not participating in this bounce
01[11:20] {&Threei} Long Setup:  CAT  .75 break
01[11:20] {&Threei}  If holds  .65
[11:31] {dino} egle spike
[11:31] {nemo} wow\
[11:35] {+cc_9} GDX 4th low test
[11:35] {nemo} c'mon gdx, be a good girl
[11:42] {+cc_9} GDX, there she goes
[11:48] {Will49} Ron...tks for looking out for me...need all the help I can get
[11:48] {Will49} with nemo skulking about
[11:48] {nemo} gdx coming into support
[11:49] {nemo} I don't skulk
[11:49] {RonS} skunk
[11:49] {nemo} please
[11:52] {+cc_9} SPY vol spike
[11:53] {nemo} big boy spike
[11:53] {RonS} people finally waking up to the fact that O care is a debacle...health cos under pressure again...
[11:54] {nemo} reorganizing an industry is a big CF
[11:54] {Will49} CF?
[11:54] {nemo} Cluster activity
[11:55] {Will49} ah, tks
[11:55] {nemo} ese's math class
[11:55] {Will49} lol
[11:55] {RonS} he would have unerstood BIG cf...
[11:56] {nemo} Ron...I think you need a check-up
[11:56] {nemo} you've kinda' been a little late on the swing today
[11:56] {Will49} see what we have to put up with
[11:57] {nemo} pot calling kettle black
[11:57] {Will49} pot? where?
[11:57] {nemo} o.k. we'll give you that one
[11:58] {nemo} I suppose we should put a T-ball stand on homeplate for ya
[11:58] {Will49} hey...now that big brother has two states legalizing, we're hoping for the same in BC
[11:58] {nemo} I knocked too many points off my IQ over the years to smoke that stuff anymore
[11:59] {Will49} btw Vad...how's DP doing?
01[11:59] {&Threei}  I think he is in San Diego
[11:59] {nemo} look for gdx bounce in the .50-.54 area
[11:59] {nemo} daily pivot at .44
[12:00] {+cc_9} GDX gravity still winning
[12:03] {+cc_9} 09:44 cc_9 I think GDX first visits the early 27s before anything
[12:03] {+cc_9} lets see...
[12:03] {nemo} 50 day is around 27.12
[12:04] {nemo} I've got 4 levels of support between .42 and .53
[12:04] {fish_49} I'm calling the big bounce at 27.03
[12:04] {nemo} I just had a really bad visual
[12:05] {fish_49} sideways between .36 and .50  lol
[12:07] {RonS} lol:  Rum ain't drinking, it's surviving - Romer Treece (Robert Shaw)
[12:08] {+cc_9} just look at a 15min GDX chart, that run up yesterday is just nuts....
[12:09] {nemo} look at any of the index charts
[12:09] {fish_49} even the 3 min looks cool from the start of the run @.75
[12:09] {nemo} however within .10 here you have the 23.6 retrace the 2 day vwap and a weekly and daily pivot level
[12:11] {nemo} so Vad, I think I'm on the no-fly list
[12:12] {nemo} esrx folks looks short here
[12:15] {dino} fltx sm l .19
01[12:17] {&Threei}  that;s OK nemo
01[12:18] {&Threei}  imagine if fish was on no swim list
01[12:18] {&Threei}  niw that would be a disaster
[12:18] {dino} sivb?
[12:18] {fish_49} Remember I told you yesterday I'm a fish that can't swim
[12:18] {nemo} Yeah, metal detector goes off when I go through.  I tell them it's just my liver, but they don't believe me
[12:19] {fish_49} I can swim but it's not the proper way
[12:19] {nemo} gdx bottom forming
[12:20] {fish_49} Nemo  I get halted every trip.  Have a metal bar and about 6 screws in lower leg
[12:20] {fish_49} I have a note from Doc and copy of Xray but they still search me
[12:24] {nemo} maybe because it's from a psychiatrist they're suspicious
01[12:24] {&Threei} Short Setup: GLD  132 break
01[12:24] {&Threei}  If holds  .10
[12:25] {+cc_9} GDX more fresh lows
[12:25] {nemo} big gdx volume
[12:26] {nemo} I think this is it
[12:27] {nemo} battle at .50
[12:28] {nemo} wow look at the gdx volume
[12:30] {nemo} vwap run
[12:30] {dino} sivb sm l .98 ave
[12:34] {fish_49} Just laughing my ass off.  Ben says  we wont cut tapering until jobs numbers improve
[12:34] {fish_49} market rallies  huge
[12:34] {nemo} the beatings will continue until morale improves
[12:34] {fish_49} this am we get good numbers and the market gets scared
[12:35] {nemo} last support before we hit the CC morass is .44
[12:39] {fish_49} dude  what is more ass?
[12:40] {nemo} o.k. we're bored
[12:40] {nemo} think it's fishy's nap time
[12:40] {fish_49} ok what is morass?
[12:40] {fish_49} serious question
[12:40] {fish_49} Remember Im a rookie
[12:40] {nemo} do I look like a dictionary?
[12:41] {fish_49} nemo last support before we hit the CC morass is .44
[12:41] {nemo} he's calling for the low 27's
[12:41] {nemo} I called it a morass
[12:41] {nemo} for some reason, I was thinking of the Marianna Trench
[12:42] {nemo} how I branched to morass
[12:42] {nemo} I guess I was thinking of you
[12:42] {fish_49} 1. an area of muddy or boggy ground.
[12:42] {fish_49} ok
[12:42] {fish_49} I didn't know that word
[12:42] {dino} sivb to .41
[12:43] {nemo} not very sesquapaedalian
[12:43] {nemo} IH&S forming on IWM spy and FAS
[12:43] {fish_49} Kinda like a Chagimaudi
[12:43] {jdetente} throw the fish into the quagmire
[12:44] {fish_49} I hibernate there
[12:44] {fish_49} I used  to like you JD
[12:44] {dino} out sivb .73, +.75
[12:45] {fish_49} share the money Dino
[12:45] {fish_49} nice job
[12:45] {+cc_9} GDX 6 consecutive red candle closes on the 15
[12:45] {jdetente} good one dino
[12:45] {dino} ty
[12:45] {nemo} dino comes up with these tickers, I don't even look...frickin' rorschach trades
[12:45] {dino} just doing my job nemo
[12:46] {nemo} btw...great movie  "The Watchmen"
[12:46] {jdetente} heck yeah
[12:46] {jdetente} love that movie
[12:46] {nemo} totally unexpected
[12:46] {+cc_9} GDX another session low
[12:47] {nemo} kinda' like fish's jokes
[12:47] {fish_49} stop being a Chagimaudi  Nemo
[12:48] {nemo} any reason tsla is up 8% today
[12:48] {fish_49} I know your trying to look it up
[12:48] {fish_49} yes nemo  tsla  up today because there are more buyers then sellers  OMG  I thought you would know that
[12:48] {nemo} manga la Gaza
[12:48] {nemo} thank you Howard Cosell
[12:49] {fish_49} man he was great
[12:49] {nemo} Down goes Frazier!
[12:49] {+cc_9} GDX will eye 27.20 as possible first bounce area
[12:49] {nemo} think Kors is running out of gas
[12:53] {dino} kors at hod
[12:56] {nemo} just had that LD look
[12:56] {dino} so far you are right
[12:57] {nemo} here's support
[12:59] {+cc_9} GDX baby bounce now
[12:59] {nemo} indexes too
[13:00] {+cc_9} SPY no bounce yet..
[13:01] {nemo} think it's setting up
[13:01] {nemo} put in an FAS stink bid at .04
[13:05] {nemo} big spy and fas volume few minutes ago
01[13:08] {&Threei} Short Setup: C  .20 break
01[13:08] {&Threei}  If holds  .30
[13:09] {+cc_9} SPY tank new lows, no bounce yet
[13:09] {nemo} next levels between .40-.50
[13:09] {+cc_9} GLD hitting highs, GDX pulling back to lows
[13:11] {fish_49} Don't they normally trade together CC?
[13:12] {+cc_9} Not really...
[13:12] {fish_49} ty
01[13:12] {&Threei}  sometimes, not always
[13:12] {+cc_9} One tracks actual gold, other tracks miners
[13:12] {fish_49} correct
[13:12] {+cc_9} miners are companies, with debts and balance sheets. Gold is just gold.
[13:12] {fish_49} in theory if Gold price is up the miners  should be doing well
[13:12] {+cc_9} oil prices going up hurts gold miners
[13:12] {fish_49} ahhh  operating expenses
[13:12] {+cc_9} to produce gold, they use energy
[13:12] {+cc_9} correct.
[13:22] {+cc_9} GDX back to session lows.
[13:23] {fish_49} what was your entry price?
[13:24] {+cc_9} I shorted GDX using DUST
[13:24] {+cc_9} entry was 24.04
[13:24] {+cc_9} Entry }}} http://img42.imageshack.us/img42/9103/53e7.jpg
[13:24] {+cc_9} 24.06 sorry
[13:26] {+cc_9} Here now I think is a good start for slight bounce on GDX
[13:27] {nemo} huh?
[13:27] {+cc_9} huh on which part
[13:27] {nemo} got it
[13:27] {+cc_9} cool
[13:28] {nemo} you gonna' go long nugt
[13:28] {+cc_9} ya
[13:32] {nemo} sbux
[13:38] {nemo} here's 50 day on gdx
[13:38] {+cc_9} Alright, GDX i think this is it for now until EOD
[13:39] {nemo} it's also 50% retrace of yesterday
[13:39] {+cc_9} 27.15/20 is the 50% fib from yesterday before fed and @ its peak
[13:39] {+cc_9} yup...
[13:40] {+cc_9} alright, itty bitty bounce for now
[13:41] {+cc_9} 15min candle needs to close } 27.40
[13:41] {fish_49} what is your target cc?
[13:42] {+cc_9} 27.60 with stop loss 26.95
[13:43] {+cc_9} trend is down on 15min, but looking for a dead cat bounce worth more than the first, which was about $0.20 only
[13:46] {fish_49} I'm calling .02 as the next bounce
[13:46] {fish_49} lol
[13:46] {fish_49} write it down nemo
[13:46] {nemo} .02 on what, gdx?
[13:46] {fish_49} yea
[13:48] {nemo} yo Rinny
[13:49] {nemo} dead fish bounce
[13:51] {+cc_9} should be good.
[13:52] {nemo} 50 day corraled it so far
[13:55] {Will49} glad i have a fresh pair of depends on
[13:55] {Will49} to wait out the C trade
[13:55] {fish_49} lol
[13:55] {fish_49} lol
[13:55] {nemo} I just keep my hunting bottle next to the desk
[13:55] {fish_49} I didn't get in
[13:55] {nemo} reminds me, gotta' get the bow out
[13:56] {Will49} hey nemo....good idea!
[13:56] {nemo} Will, coming from you...
[13:56] {Will49} nice eh?
[13:56] {nemo} Ya' know what sucks
[13:56] {nemo} I'm kinda' like Herpes
[13:56] {nemo} I never really go away
[13:57] {Will49} hope not
[13:57] {Will49} these long trades would be REALLY boring
[13:57] {nemo} glad I got my feet up on the desk
[13:57] {Will49} I can't do that right now
[13:57] {+cc_9} 27.02 lol
[13:57] {Will49} depends leak at the back
[13:58] {nemo} gotta get the ones with the elastic legs
[13:58] {Will49} that's my reward when I learn to trade consistently
[13:59] {fish_49} I missed it by a cent
[13:59] {nemo} the proverbial pubic hair, huh fish face?
[13:59] {fish_49} did it not turn for a scalp when I said it would?
[13:59] {+cc_9} lets see if the .95 ends up holding :)
01[14:00] {&Threei}  anyone's still in C?
[14:00] {fish_49} gotta get past .97 first
[14:00] {dino} fltx drop
[14:00] {jdetente} covered half
[14:00] {fish_49} I did not take the trade Vad  Rule #6 in my plan don't trade C  it  hates me
01[14:01] {&Threei}  too bad
[14:01] {nemo} thinking fas 60 break if it holds here, but spy might make it to the .50 area
[14:03] {fish_49} going back up to test .15
[14:05] {+cc_9} GDX 26.95 so far holding
[14:06] {fish_49} did not like .15 lets see if holds .20
[14:08] {+cc_9} GDX/NUGT so far so good
[14:11] {+cc_9} .95 stop loss worked like a charm :D
[14:13] {fish_49} your short or long?
[14:13] {+cc_9} huh ?
[14:14] {fish_49} Not sure why but I was thinking you were short GDX
[14:14] {+cc_9} 13:42 fish_49 what is your target cc? 13:43 cc_9 27.60 with stop loss 26.95
[14:14] {+cc_9} if stop loss is below tgt price, its a long trade.
[14:15] {fish_49} yes
[14:15] {fish_49} I thought it was a typo
[14:15] {+cc_9} 13:27 cc_9 Here now I think is a good start for slight bounce on GDX
[14:15] {+cc_9} short GDX was @ the open using DUST (posted above to check as well)
[14:16] {fish_49} ahhh you covered your short
[14:16] {fish_49} I did not see that
[14:21] {nemo} no buying pressure at all
[14:21] {dino} fraud accusations fltx
[14:24] {fish_49} CC I was cheering for your trade  just in the wrong direction  sorry about that  lol
[14:24] {RonS} wow tsla
[14:30] {RonS} dino unxl?
[14:31] {dino} gap fill
[14:33] {dino} unxl l .75
[14:35] {nemo} big boy spy volume
[14:38] {nemo} What's with the boatman, he pops in and out lately
01[14:41] {&Threei}  who?
[14:41] {nemo} Chaeron
01[14:41] {&Threei}  he has some problem with browser... we see him, he doesn't see us
[14:47] {RonS} qcor'd
[14:58] {+cc_9} GDX needs a move before last 30mins
[14:58] {+cc_9} a rack of 27.3
[14:58] {dino} qcor sm l .14 stop lod
[14:59] {+cc_9} QCOR too spooky
[14:59] {+cc_9} GDX getting some bids now
[14:59] {+cc_9} high .20s
[15:00] {+cc_9} there we go, breaking .30s
01[15:00] {&Threei}  Kerry statement on Syria is coming
[15:00] {+cc_9} "we must bomb, we must strike, think of the chuuuldren"
[15:02] {+cc_9} GDX giddy up :)
[15:05] {+cc_9} .45 GDX :)
01[15:05] {&Threei}  (US) Sen Reed: Fed's Yellen has a reputation for independence, would be hard for either party to oppose Yellen
01[15:06] {&Threei}  yeah... leftier than the leftiest left
[15:06] {dino} she yells too much
[15:06] {nemo} Dino..you going for the Les award?
[15:07] {RonS} but at least then the vice chair will be skreeman...
[15:07] {+cc_9} I gave GDX a 27.60 tgt, but getting out here :D
[15:08] {fish_49} .55 is next pause
[15:08] {RonS} dino tried, i captured...would like to thank the academy
[15:08] {nemo} vwap
[15:08] {dino} lol
[15:09] {+cc_9} 26.95 stop loss held and 27.60 tgt was within few cents off, i think that was not so bad after all
[15:09] {fish_49} good job
[15:11] {dino} out qcor .77, +.63
[15:11] {fish_49} wow
[15:11] {+cc_9} nice work on QCOR dino
[15:11] {dino} out unxl .92, +.17
[15:11] {dino} ty
01[15:16] {&Threei} Long Setup:  C  .10 break
01[15:16] {&Threei}  If holds  .04
[15:16] {+cc_9} GDX there goes the 27.60
[15:16] {+cc_9} and NUGT is a $4.00 move from lows
[15:17] {nemo} vwap coming
[15:21] {dino} phh
01[15:22] {&Threei}  Putin: "I'd like to buy a vowel." Sajak: "Only an O left." Putin: "Never mind. I already own that one."
[15:22] {Will49} lol
[15:22] {jdetente} good one
[15:22] {Will49} China and Russia = joint ownership
01[15:23] {&Threei}  Alex is missing his fair share today
[15:23] {fish_49} lol
01[15:24] {&Threei}  man, chaeron...
[15:25] {Chaeron} hey everyone! Vad! Dino! Nemo! {{{ founders
01[15:25] {&Threei}  woohooo
01[15:25] {&Threei}  finally
[15:26] {dino} hey chaeron
[15:26] {Chaeron} thanks... had to use Incognito on Chrome
[15:26] {Chaeron} dino great to see you
[15:26] {Chaeron} think of you guys all the time and hope you're buried in positive trades
[15:26] {dino} you too
01[15:27] {&Threei}  there should be some privacy setting then that kept you from normal connection
[15:27] {Chaeron} yeah Vad... well, you know me and my privacy........ or do you? .... hmmmm
[15:27] {nemo} any "normal" setting won't get you in here
01[15:27] {&Threei}  I know it diccipates after the third bottle
[15:28] {Chaeron} yeah... when I thought about it, nothing "normal" about this place
[15:28] {Chaeron} :)
[15:28] {Chaeron} oh heck... really? emoticons? akkk
[15:28] {nemo} ever see the movie the 9th configuration?
01[15:28] {&Threei}  our normal is absence of normal... whatever normal is
[15:29] {Chaeron} nemo - no but I'm going to now thanks to your recommendation
[15:29] {nemo} It'll remind you of this place
[15:29] {Chaeron} Miss you guys. Real life sucks
[15:29] {fish_49} Is that Les in Disguise?
[15:30] {nemo} fish, be seen, not heard
[15:30] {fish_49} u see me  right?
[15:30] {Chaeron} icu fish... nice to be seen
[15:30] {nemo} have some respect for old alumni
[15:30] {nemo} http://imdb.to/16J5IdH
[15:30] {Chaeron} old? heck...
[15:30] {fish_49} lol  Oh  Old as Nemo?
[15:30] {Will49} where can i get the video version of mirc?
[15:30] {Chaeron} older
01[15:31] {&Threei}  old as Raven
[15:31] {fish_49} How do you do Sir?  lol
[15:31] {Chaeron} from Ken Wolff days
[15:31] {Chaeron} at least as far as you guys know me
[15:31] {fish_49} Well Nice to meet you Chaeron  now we have two Rons
[15:32] {Chaeron} it's a pleasure to meet you fish...
[15:32] {nemo} he starts smelling after a coupla' days
[15:32] {Chaeron} Raven... great great guy
[15:32] {Chaeron} heheh nemo
[15:32] {Chaeron} Nesi too
[15:32] {fish_49} Im the rookie here but  still love  to insult Nemo
[15:32] {Chaeron} larisa still around?
[15:32] {nemo} no
[15:32] {fish_49} OHHHHHHHH
01[15:33] {&Threei}  see dcc chaeron
[15:33] {fish_49} I was just thinking of that name
[15:33] {Chaeron} careful fish... nemo could make you wealthy
[15:33] {Will49} we love nemo
[15:33] {fish_49} he has but  I had to share it with another guy in the room  now Im poor
[15:33] {nemo} Komrade!
[15:34] {nemo} That reminds me, I have a drinking appointment with a Russian tonight
[15:34] {fish_49} Larissa?
[15:34] {nemo} no
01[15:34] {&Threei}  no chance we see you before Monday then
[15:34] {fish_49} goood
[15:34] {fish_49} lol
[15:34] {fish_49} and your complaining Vad?
[15:34] {nemo} Well, I won't log in either way tomorrow
01[15:35] {&Threei}  just stating the facts
[15:35] {nemo} probably a sunglasses at the monitor day
[15:35] {nemo} I'll set all charts to black bacgrounds
[15:38] {nemo} day felt like a tighter range than it was
[15:43] {+cc_9} take care folks, see ya;ll tomorrow!
[15:43] {Will49} peace
01[15:43] {&Threei}  you too
01[15:44] {&Threei}  OK guys, no more trades today
01[15:44] {&Threei}  slowish day but back on profitable side
01[15:45] {&Threei}  have a great evening, see you tomorrow
[15:45] {fish_49} yhanks
[15:45] {fish_49} Good Night All
[15:46] {Chaeron} bye fish!
[15:47] {Chaeron} I'll be back  {{{ warning in full disclosure
[15:47] {nemo} I'd welcome the plague as long as Les doesn't return
[15:48] {nemo} was that harsh?
[15:49] {dino} phh on fire
[15:50] {dino} s .25
[15:52] {dino} stop .50
[15:57] {dino} gn all
[15:58] {nemo} P&Q