Oct 10 2013

Catch of the Day: Open break setup on GDX

And one more. Juicy one, too

Very nice day again, cementing the week as a nicely profitable

Session Time: Thu Oct 10 00:00:00 2013
[08:50] {nemo} We should weep for men at their birth, not at their death. ~ Montesquieu
[09:14] {RonS} gm
01[09:14] {&Threei}  morning ron
[09:15] {cipher} gm
[09:16] {dino} gm
01[09:16] {&Threei}  cipher, dino :)
[09:17] {Will49} gm
01[09:18] {&Threei}  will :)
01[09:18] {&Threei}  your pool escapades cost you a 1:3 play at the finish
01[09:18] {&Threei}  hope it was worth it {G}
[09:19] {Will49} yeah...saw that
[09:19] {Will49} was worth keeping marital harmony
[09:20] {Will49} temp has dropped 20 deg F today so maybe I'll be allowed to stay to the end today
[09:22] {drewj} gm
01[09:22] {&Threei}  drew :)
[09:23] {dino} what do you think nemo, gap and sit?
[09:24] {nemo} yeah, until the meeting results today
01[09:24] {&Threei}  yeah, it's he said she said time
[09:25] {nemo} one will come out and accuse the other of rape
[09:28] {ese} morning
[09:28] {nemo} spy bull flag
01[09:28] {&Threei}  ese :)
[09:29] {nemo} what's the room without it's resident commie
[09:29] {ese} it's meet the creature day at my school......i'm mean meet the teacher.....will be outta here early
01[09:29] {&Threei} Short Setup: GDX  .80 break
01[09:29] {&Threei}  If holds  .86 
[09:30] {Alexs} gm
01[09:30] {&Threei}  half out
01[09:30] {&Threei}  1:1
01[09:30] {&Threei}  alex :)
[09:30] {+cc_9} gm
01[09:30] {&Threei}  cc9 :)
[09:31] {+cc_9} GMCR / FB / ACAD / ADTN on the menu
[09:31] {Alexs} what trade we are in?
[09:31] {+cc_9} Vad :)
01[09:31] {&Threei}  GDX alex
01[09:32] {&Threei}  fur boots
[09:32] {Alexs} short .80?
01[09:32] {&Threei}  yup
01[09:33] {&Threei}  (US) Treasury Sec Lew: Cannot comment on what the markets may do next Thursday when we move past the debt limit - Q&A
01[09:33] {&Threei}  comment on inability to comment
[09:33] {ese} huh.....me the resident commie?  I represent that remark
01[09:34] {&Threei}  (US) House leaders reportedly to present plan to Republican caucus that would provide a clean 6-week debt ceiling bill to allow budget negotiations, but would keep the govt closed - press **NOTE: the idea of a 6 week extension was first floated earlier this week, but it now appears the House leadership has adopted the idea as its latest proposal. The House Republican caucus is meeting this morning ahead of a meeting between a small group of House GOP leaders and the President at the White House later today. - President Obama has indicated that he would be open to a short term debt ceiling extension, though he has previously set reopening the govt as a condition of opening budget negotiations.
01[09:34] {&Threei}  1:2
01[09:34] {&Threei}  1:3, over and out
[09:34] {nemo} 167.11 is R2 spy, so likely 167 will be tested
[09:34] {robbers} Out in full, big thanks.
01[09:35] {&Threei}  :)
[09:35] {+cc_9} ACAD going now
[09:35] {+cc_9} LTD tanking
[09:35] {nemo} 168.03 is R3 so very possible
[09:35] {Will49} good call Vad
[09:35] {goinshort} Nice V !!
[09:35] {Will49} your fans appluade
[09:35] {Will49} applaude
06[09:35] * &Threei takes a bow
[09:36] {+cc_9} ACAD though highs
[09:37] {+cc_9} nearing $22 :D
01[09:37] {&Threei}  (US) Treasury Sec Lew: Doesn't think there is a way to pick and choose on payments; estimates of obligations are subject to miscalculations, very hard to disentangle various obligations - Q&A- Prioritization is just 'default by another name'
01[09:37] {&Threei}  debil
01[09:38] {&Threei}  when you have not enough money, you prioritize - pay electric bill but don't buy new shoes
01[09:38] {&Threei}  and it's not a default
01[09:38] {&Threei} Short Setup: C  .75 break
01[09:38] {&Threei}  If holds  .80 
[09:39] {+cc_9} CTXS reversing
01[09:39] {&Threei}  still valid
01[09:39] {&Threei}  change to .80
01[09:39] {&Threei}  If holds  .85 
[09:40] {cipher} REGN  s.292.04
[09:40] {nemo} this is R3 on finnies
[09:41] {dino} pbyi sm s .48 ave
01[09:41] {&Threei}  meh
01[09:42] {&Threei} Short Setup: BBY  39 break hl
[09:43] {nemo} c two way
01[09:43] {&Threei}  If holds  .10 
[09:43] {dino} cov pbyi .90, +.58
[09:43] {+cc_9} LTD dumpathon, strong support 56 area
[09:43] {dino} f#ck, way too soon
[09:45] {+cc_9} ACAD about to go full retard mode here
[09:46] {nemo} 168 is also 50 day on spy, should be a magnet
[09:46] {+cc_9} ACAD $22 HOD nice shekels this morning
[09:46] {ese} in bby .00
01[09:47] {&Threei}  die already
01[09:47] {&Threei}  what's with support at .92, of all places
[09:47] {ese} indeed
01[09:47] {&Threei}  1:1
[09:48] {+cc_9} ACAD } $22.20 retard mode engaged 
[09:48] {ese} 1/2
01[09:48] {&Threei}  {BBY} really, what was I thinking
[09:49] {ese} +.10 on the 1/2 so far
[09:49] {+cc_9} ACAD blowing up on frenzy reversal buying. Still flying
01[09:49] {&Threei}  (US) Senator Toomey: There is a real chance Congress will not hike the debt ceiling unless President Obama negotiates
01[09:49] {&Threei}  who let this sage out
[09:50] {Will49} what a circus
[09:50] {Will49} send out more clowns
01[09:50] {&Threei}  (US) Fed's Bullard (dovish, FOMC voter): The Fed has struggled to respond to the current macroeconomic situation***No further remarks on monetary policy
01[09:50] {&Threei}  one more commenting on not having any comments
[09:51] {+cc_9} 09:46 cc_9 ACAD about to go full retard mode here
[09:51] {+cc_9} in addition to BTFD, I'd like to introduce our new T/A tool called FRM
01[09:51] {&Threei}  just a scalp, BBY
[09:51] {ese} out full bby good enough .91 +.09
01[09:52] {&Threei}  I like it cc9
01[09:52] {&Threei}  it describes congress too
[09:52] {nemo} but Les is in that mode all the time-would you want to buy him?
[09:52] {ese} tks vad ...saved me from thinkin this morning
[09:52] {dino} ltd sm l .20
01[09:52] {&Threei}  lol
[09:53] {dino} ctxs sm l .42
[09:53] {nemo} dax up 2%, we have a ways to go
[09:53] {cipher} SDS l.62
01[09:53] {&Threei}  Ben will go down in history as the worst enabler of the death walk - up to date at least, because Yellen can outdo him easily
01[09:54] {&Threei}  *&^%$(... look what shaook out our second half:
01[09:54] {&Threei}  BBY Update: Hearing Seeking Alpha making positive comments
[09:54] {+cc_9} Summers, Yelen, Bernanke
[09:54] {+cc_9} hmmm...I wonder what they all have in common...
[09:54] {Alexs} Yellen's No. 1 theory: The badly paid don't work hard
[09:55] {Will49} they're all Lutherans?
[09:55] {+cc_9} lol Will.
[09:55] {nemo} transsexuals?
[09:55] {dino} out ctxs .72, +.30
01[09:55] {&Threei}  they leave scorched earth behind
[09:56] {+cc_9} They are all God's Chosen People
[09:56] {Will49} they need their behinds scorched
[09:56] {+cc_9} therefore, you may not argue their actions, silly goy
[09:56] {nemo} interesting:  IWM almsost at WS1, SPY almost at R3 and the 50 day;  Finnies almost ath the Weekly and Monthly Pivot confluence
01[09:56] {&Threei}  just bow in trepidation
01[09:57] {&Threei} Long Setup:  WMT  .75 break
[09:57] {cipher} cov REGN 290.82 +1.22 dissapointing
06[09:58] * nemo slaps cipher with a kurari laced wad of cash
[09:58] {cipher} was hoping for a 3 pointer
[09:58] {ese} L ctxs .49
[09:58] {nemo} yeah, and with hunting season coming I'm hoping for a 10 pointer
[09:59] {cipher} lol
[09:59] {+cc_9} the suckers get pushed to dump yesterday, today frenzy buying. wash rinse repeat
[09:59] {ese} dino shld and aria same boat
[09:59] {ese} no news to speak off
[09:59] {dino} i'll look
[10:00] {dino} aria drug fail yesterday, not touching it
[10:00] {ese} tks didn't see that
[10:02] {dino} np
[10:02] {Will49} don't touch any drugs
[10:02] {ese} i do............
[10:02] {Will49} except BC flag
[10:03] {Will49} for necomers....BC flag is high quailty MJ
[10:03] {cipher} algn l.02
[10:03] {Will49} but only for medical use of course:)
[10:03] {dino} shld, looks to be a lot of air under it, as in fast drop
[10:03] {ese} ctxs stopped .25
[10:04] {ese} -.24
[10:04] {dino} out ltd .65, +.45
[10:06] {cipher} shld l.33
[10:07] {cipher} out algn .18 +.16
[10:07] {dino} gj
[10:08] {cipher} out shld .71 +.38 thx dino
[10:09] {dino} ctxs sm l .13
[10:10] {cipher} DECK L.49
[10:10] {dino} out ctxs .48, +.35
[10:11] {cipher} DECK stopped .45 -.04
[10:12] {cipher} out SDS .67 +.05 fells like struggle
[10:14] {cipher} freakin REGN now 3 pointer without me of course
[10:15] {cipher} DECK L .38
[10:15] {nemo} here are the levels we're up against in the indexes:  http://bit.ly/1czvfdf
[10:15] {dino} z sm l .00 oulp type
[10:16] {dino} pulp type
[10:18] {nemo} or should I say "hear"?
[10:19] {cipher} DECK stopped .40 +.02
[10:20] {cipher} pcyc l .79
[10:21] {cipher} out .30 +.53
[10:21] {cipher} finally got something going
[10:22] {cipher} tuff crowd today
[10:22] {cipher} typical runaway gap day
[10:22] {dino} most of the fun likely over
[10:22] {cipher} UBNT L.16
[10:22] {Will49} the pool is beckoning
[10:23] {ese} zees ess zee time zat i must zay goooobye....et ez zee time two prepaar to tell zaa parents zat et es noht your zuns or dughters fault zat zay are zee screw up but yours.  And zat you are zee moron ou put zem in zees pozeeechion you edioots!!!
[10:23] {dino} you're living will
[10:23] {Will49} take it eeezzzeee ese
[10:23] {dino} cya ese
[10:23] {Will49} best of all worlds dino
01[10:23] {&Threei}  take care ezzzse
[10:23] {cipher} out UBNT .51 +.35
[10:23] {ese} outta here ...cya tomorrow
[10:24] {Will49} atta boy cipher....chuggin along
[10:24] {Will49} steadt as an Arizona breeze
[10:24] {Will49} steady
[10:25] {cipher} I'm actually working for my money today :)
[10:25] {Will49} guess you have to do that once in a while, eh?
[10:25] {dino} not feeling sorry for ya, :)
01[10:25] {&Threei}  that's unaccpetable cipher
[10:25] {Will49} just the price you pay for success
01[10:25] {&Threei}  don't encourage him will... next thing you know he breaks a sweat
[10:26] {cipher} feels like sliding down the sandpaper with no undewear on
01[10:26] {&Threei}  ouch...
01[10:26] {&Threei}  I have vivid imagination
01[10:26] {&Threei}  don't do this to me
[10:26] {cipher} did i overestimate?
[10:26] {nemo} Monk Sha
[10:27] {dino} ctrl drop
[10:28] {cipher} looks scary
[10:28] {cipher} not touching it yet
[10:29] {cipher} PCYC L 115.98
[10:29] {nemo} sina looking weak
[10:29] {dino} below looks thin
[10:30] {cipher} out 116.75 +.76 no fill .50 higher damn
[10:30] {dino} yum hl l .35
[10:31] {cipher} ok folks this is major struggle for me, calling it a day
[10:31] {cipher} cya tomorrow
[10:31] {Will49} peace cipher
[10:31] {nemo} makes sense today
[10:31] {dino} cya ciph
01[10:31] {&Threei}  take care cioher... god forbid we struggle here :)
01[10:32] {&Threei} Short Setup: WMT  .90 break
[10:32] {RonS} cipher quote?:  "if i can't rob a bank in an hour, i quit"
01[10:32] {&Threei}  If holds  .95 
01[10:32] {&Threei}  and without gun and getaway car, ron
01[10:33] {&Threei}  just by asking nicely
[10:33] {RonS} lol
[10:33] {dino} deck sm l .60
[10:34] {Les} gm
[10:34] {dino} gm les
01[10:34] {&Threei}  morning les
[10:35] {Les} spy rising wedge bear trap
[10:35] {Les} or trying to hold on
[10:36] {Les} gap n stall, u catch anything?
01[10:37] {&Threei}  yip
01[10:37] {&Threei}  1:3er, scalp and meh, 1 of each
[10:37] {Les} heh
[10:37] {Les} and here I was looking up YIP
01[10:37] {&Threei}  that was yup, tyoed with fins
01[10:38] {&Threei}  tyoep is typed typed with knees
01[10:38] {&Threei}  and I mistyped even that
[10:38] {Les} was gonna suggest you get a speech program, but hesitate to think what might happen
01[10:38] {&Threei}  I tried it once... don't even ask
[10:39] {Les} hehehe
[10:39] {nemo} he launched a russian icbm
[10:39] {Les} lol
01[10:39] {&Threei}  lol
[10:40] {nemo} sina weak
[10:44] {dino} out deck .90, +.30
01[10:46] {&Threei} Short Setup: GLD  .40 break
01[10:46] {&Threei}  If holds  .50 
[10:54] {Les} EEM potential top here above R3 at .50
[10:55] {Les} top in everything. bearish divergences
[10:55] {Les} abound
[10:57] {nemo} yeah, but don't expect much of a drop until you get news of the meeting
01[10:59] {&Threei}  GLD is valid again
[11:04] {Les} http://tinyurl.com/l7nlo8g
[11:05] {dino} yum stop .20, -.15
[11:08] {robbers} Is there a specific time the news of the meeting will be released?
[11:08] {nemo} might get a bounce here
[11:09] {dino} deck sm l .00
01[11:15] {&Threei}  - US equities are on a tear this morning on reports that House Speaker Boehner has decided to push a six-week extension of the debt ceiling, although many questions remain unanswered
01[11:15] {&Threei}  well, yes... where does he get his suntan for instance
[11:16] {robbers} LOL
01[11:17] {&Threei}  President Obama has indicated that he would be open to a short term debt ceiling extension, however the White House is once again reiterating that the government must be reopened before negotiations can begin
01[11:17] {&Threei}  because otherwise he has no gas money to come to the meeting, you know?
[11:18] {dino} deck stop .66 -.34
01[11:19] {&Threei}  there are so many artists to see in the circus... jugglers, air gymnasts, lion tamers... why these guys leave us with clowns only
[11:21] {Les} gld might play ball with ya here 
01[11:21] {&Threei}  no confidence... too random
[11:21] {Les} yeh noted
01[11:22] {&Threei}  I think I better sit and make sarcastic remarks about government and congress
[11:23] {robbers} You've also insulted all clowns by comparing them to congress.
[11:23] {robbers} At least clowns are professionals.
01[11:23] {&Threei}  true... my sincere apologies to all clowns out there
01[11:23] {&Threei}  it was uncalled for
[11:23] {Les} put the AR away Nemo
01[11:24] {&Threei}  they work hard to learn that profession, and they deliver fun
[11:24] {Will49} anyway, that was me that insulted the clowns....and i don't take it back
[11:24] {Les} Vad's apologised
[11:24] {nemo} need to buy a new bolt assembly for that
[11:24] {dino} why don't cannibals like clowns?
[11:24] {dino} they tase funny
01[11:24] {&Threei}  they taste funny?
[11:24] {Will49} hahaha
06[11:25] * Les slaps dino around a bit with a large trout
[11:25] {Will49} alergic to red noses/
[11:25] {robbers} Funny.
[11:25] {dino} :)
[11:25] {dino} deck sm l .35
01[11:25] {&Threei}  why don't sharks like divers?
[11:25] {dino} ltd sm l .23
01[11:25] {&Threei}  you have to peel them
[11:26] {Will49} LOL
[11:26] {Les} u opened can of worms dino...
01[11:26] {&Threei}  Boehner on TV
[11:26] {dino} making snowballs, not my fault if ithers throw them
[11:26] {dino} others
01[11:26] {&Threei}  (US) House Speaker Boehner (R-OH): Democrats have not been willing to talk - press conference
[11:27] {Les} fair enough
01[11:30] {&Threei}  it'd very telling that argument about the best path forward for the country turned into argument about who wants "to sit down and have a conversation" and who doesn't
01[11:30] {&Threei}  - Willing to negotiate the reopening of the Govt with the President; offer being given is for a short term debt ceiling increase
[11:34] {dino} out deck .92, +.57
[11:35] {Will49} good one dino
01[11:35] {&Threei}  wtg
[11:36] {Will49} .57 just a big yawn for you gunslingers, eh?
[11:36] {Will49} it's a joke
[11:36] {Will49} my comment, that is
[11:36] {Will49} i'm bored
[11:37] {Will49} hey Vad, raining like hell here in Mesa...strange
[11:37] {Will49} feels like home :)
01[11:37] {&Threei}  beautiful weather here, summer like
01[11:37] {&Threei}  wanna come back? :)
[11:38] {Will49} been mid 90s since we got here
[11:38] {Will49} no, not coming back
[11:38] {Will49} think I'll try to stay as an illegal immigrant
[11:39] {Les} where r u will?
[11:39] {Will49} Mesa arizona
[11:39] {Will49} that's in the US les
[11:39] {Will49} south west US les
[11:39] {Will49} right next to California les
[11:39] {dino} ty will, stepped away
[11:39] {Les} k, thinking mexico
[11:40] {Will49} right above Mexico les
[11:40] {Will49} if i can stay here undetected, I'll try sneaking into Mexico
[11:40] {Will49} sheeesh...i'm really bored
01[11:40] {&Threei}  it is Mexico, they just never got around to formalize the land transfer
[11:41] {Will49} ture dat vad
[11:41] {Les} yeh it'll return to mexico sooner or later could imagine
01[11:41] {&Threei}  California too - unless it slides to the ocean first
[11:42] {Will49} a bit depressing around Phoenix....seems like every other retail store is empty
01[11:43] {&Threei} Short Setup: IWM  .75 break
01[11:43] {&Threei}  If holds  .85 
[11:43] {Will49} some strip malls have NO tenants at all
[11:43] {Les} reminded me of great film vad... escape from L.A
[11:44] {Les} gotta watch it again
[11:44] {RonS} ...they overbuilt Will...probably 30 Victorias worth in 5 years...
[11:44] {nemo} Escape from LA or from New York?
[11:45] {Les} ain't seen new york
[11:45] {Will49} yeah Ron
[11:46] {RonS} ha, new york was before Les was born...Snake Bliskin...
[11:47] {nemo} one could argue index short here with tight stop, don't like time of day though
[11:48] {nemo} Pliskin
[11:48] {nemo} oh shit, it was a sequel
[11:49] {nemo} I have to download that
[11:50] {RonS} ...think Isaac Hayes was in New York...
[11:50] {nemo} yeah, and they got Pam Grier's boobs to replace what's her name's
[11:51] {nemo} chick that was on Maude
[11:52] {RonS} Adrienne "big tits" Barbeau
[11:52] {nemo} yep
[11:52] {Les} almost older than me Ron... 7 years old on release
[11:52] {nemo} they didn't hire her for her acting talents
[11:53] {RonS} Creature from the Black Lagoon...
[11:54] {nemo} nah, it was another creature movie
01[11:54] {&Threei}  ugh
[11:54] {nemo} Swamp Thing
[11:55] {RonS} ah, yes...
[11:55] {RonS} remake of former by another name...
[11:59] {Will49} that's it for me...gonna go drown in the pool
[11:59] {nemo} take Les with you
[11:59] {Will49} later gang!
[11:59] {Will49} if only
[11:59] {RonS} cya Will...
[11:59] {Will49} cheers R
01[11:59] {&Threei}  take care will
[12:04] {dino} took awhile but out z .99, +.99
01[12:05] {&Threei}  wtg
[12:05] {dino} ty
[12:17] {+cc_9} GMCR crashing
[12:18] {+cc_9} freefall, bounce should be hard, no retard mode yet, but keep an eye
[12:19] {nemo} should be right about here
01[12:19] {&Threei}  Green Mountain Coffee Roasters Reportedly Whole Foods has begun selling private-label coffee pods compatible with Keurig brewing system - press***Note that Whole Foods has no business relationship with Green Mountain.
01[12:19] {&Threei}  that's your drop
[12:19] {nemo} maybe 64.75ish
[12:21] {dino} need another quick drop
[12:21] {nemo} hehehehe...couldn't patent the package
[12:23] {nemo} yeah, the keurigs are like inkjet printers...it's all about the ink...which frankly, got the model from coffee makers
[12:23] {nemo} ahhh the poetic circle
[12:25] {+cc_9} GMCR massive volume now
[12:28] {+cc_9} GMCR here
[12:29] {+cc_9} stock XYZ at $50.00 coming down
[12:29] {+cc_9} stocktwits "SELLERS! NEXT SUPPORT $15!"
[12:29] {+cc_9} stock xyz at $50.00 going up
[12:30] {+cc_9} stocktwits "$200 BY END OF YEAR!"
[12:30] {+cc_9} get a grip guys...
[12:30] {+cc_9} GMCR clearing the early $66 now
[12:31] {+cc_9} } $66.50
[12:31] {nemo} fas breaking out again
01[12:36] {&Threei}  cc9, stop educating them en masse
01[12:36] {&Threei}  we need them on the other side of our trades
[12:37] {+cc_9} i punish myself for going to read there
[12:37] {+cc_9} i know vad i know...ugh
01[12:37] {&Threei}  :)
[12:38] {nemo} watch yum 66 level for re short
01[12:38] {&Threei}  in every area there are forums where you go sometimes as in the zoo... antics of the primates, you know
[12:38] {+cc_9} GMCR full retard if takes 66.65
[12:38] {nemo} yeah, we have les
01[12:39] {&Threei}  photography gear forums, oy
01[12:40] {&Threei}  battlwes over how many photons per pixel wich sensor can gather
01[12:40] {&Threei}  while being absdolutely clueless about how to compose a decent photo
[12:40] {+cc_9} GMCR frm engaged
[12:41] {+cc_9} full retard through 67.00
[12:41] {+cc_9} GMCR hell of a play if anyone grabbed some 12:28 cc_9 GMCR here
01[12:43] {&Threei}  nice bounce
[12:44] {+cc_9} } 67.20 FRM full effect
[12:46] {+cc_9} $2.00 bounce, not bad.
01[12:58] {&Threei} Short Setup: MCD  .15 break
01[12:58] {&Threei}  If holds  .20 
[13:00] {+cc_9} back
[13:00] {+cc_9} reboot'ed
01[13:00] {&Threei}  it happens if you visit porno sites too often
[13:01] {Alexs} MCD two sided?
01[13:02] {&Threei}  (US) White House's Carney: Speaker Boehner's offer is encouraging, Obama Administration has not yet received the full proposal
01[13:02] {&Threei}  not liking long side very much
[13:05] {Alexs} lets try the short side
[13:10] {nemo} wonder why I haven't had to reboot...
01[13:11] {&Threei}  because you put a protection on your computer before venturing in there... safe browsing, so to speak
[13:11] {nemo} well, I do have specialized virus protection software
[13:11] {Alexs} if you visit only porno sites you don't need to reboot
[13:12] {nemo} it
[13:12] {nemo} it's those left-wing politics sites
01[13:17] {&Threei}  ./me trips MCD and pushes it from the cliff
06[13:17] * &Threei trips MCD and pushes it from the cliff
01[13:20] {&Threei}  oh come on
01[13:20] {&Threei}  die already
01[13:20] {&Threei}  aren't you feeling tired and heavy with all those hamburgers
06[13:23] * &Threei hits MCD over the head with 2x4
01[13:25] {&Threei}  let's cover half
01[13:25] {&Threei}  too close to 1:1 to let it flee
01[13:25] {&Threei}  stop to .16
01[13:25] {&Threei}  scvalpers be happy
01[13:27] {&Threei}  anyone's breathing?
06[13:27] * &Threei slaps Alexs around a bit with a large roll of cash
[13:27] {Alexs} :)
06[13:28] * &Threei slaps nemo around a bit with a package of condoms for his computer and screams "Practice Safe Browsing!!"
[13:29] {RonS} lol...classic
[13:29] {nemo} wow, I can spread the whole browser across six monitors
01[13:30] {&Threei}  reminds me a sign in Nassau over the counter with condoms: Protect ya tings
[13:30] {Alexs} lol
01[13:32] {&Threei}  can't believe I haven't taken a photo of that
[13:36] {Alexs} what graphic card would you recommend to add couple monitors?
[13:38] {nemo} what size monitors?
[13:42] {Alexs} 23
[13:48] {nemo} first make sure the graphics cards can handle the highest native format the monitors can handle
[13:48] {nemo} how old your computer?
[13:48] {Alexs} 2 years
[13:49] {nemo} you probably don't want a graphics card older than that then, else it'll become a bottleneck
[13:50] {nemo} you can also buy outboard graphics adapters that connect through usb, fairly cheap
[13:50] {nemo} You dont have to install anything
[13:52] {Alexs} do you know the model?
[13:52] {nemo} EVGA UV + models, lots of companies make them now
[13:52] {nemo} wtf MPC
[13:52] {nemo} vlo tso
[13:52] {nemo} wtf?
[13:56] {dino} mpc sm s .90
[13:57] {dino} bstop is hod
[13:57] {nemo} epa to reduce renewable fuel mandate
[14:02] {dino} mpc stop
[14:09] {dino} mpc sm s .20
[14:10] {dino} cov mpc .90, 
[14:10] {dino} +.30
[14:12] {robbers} Heading out to the course for 9 holes of goof.  Happy trading everyone.
01[14:12] {&Threei}  have fun robbers
[14:12] {dino} have fun
[14:32] {+cc_9} CTRX ss on the spike anyone ?
01[14:42] {&Threei}  (US) Some Republican Senators now said to be calling for the House plan that raises debt ceiling temporarily to also include provision to reopen Govt- Reminder: White House said it would not negotiate unless the Govt was reopened, and would not negotiate over the debt limit; but would negotiate after those elements were remedied
01[14:43] {&Threei}  this is hgihly annoying
01[14:43] {&Threei}  let's negotiate what we will or will not negotiate
[14:50] {nemo} guess the 67 buyer in gmcr dropped
01[15:01] {&Threei} Short Setup: GLD  .20 break
[15:05] {Les} giddy up
01[15:06] {&Threei}  (US) According to a senior House Republican, a "negotiated settlement" on debt limit is expected; Govt may reopen as early as next week - financial press
[15:06] {+cc_9} sorry nemo
[15:06] {+cc_9} im back
[15:06] {nemo} wonder if we make R4 in spy to 169.70
[15:06] {+cc_9} u called about 67 ?
[15:07] {+cc_9} we got it back there for ya
[15:07] {nemo} on what?
[15:07] {nemo} he had dropped suddenly, now the goverment shit is settled so back to BTFD!!!!!!!
[15:07] {Les} already outside 3 mins bb bigtime so reversal possible
[15:08] {nemo} nah, buying panic now...run run run run run
[15:08] {Les} not eager to short here no
[15:08] {nemo} wouldn't even think about it
[15:09] {nemo} here's one gap fill spy
[15:10] {nemo} might get a pullback to the .50 area then onward
[15:10] {+cc_9} market going FULL RETARD MODE WITH NO HELMET
[15:19] {Alexs} we are in GLD trade, correct?
01[15:19] {&Threei}  yes, lol
01[15:19] {&Threei}  1:1
01[15:21] {&Threei}  1:2
01[15:21] {&Threei}  1:3
[15:21] {Les} whoops
[15:21] {Les} nice one
01[15:21] {&Threei}  1:4, out
[15:22] {Les} but wait, gold is supposed to be going up with resolution of debt issues...
01[15:22] {&Threei}  uhhu
[15:22] {Alexs} why
[15:23] {nemo} because he
[15:23] {nemo} 's a moron
[15:23] {Les} lol
[15:23] {Les} he's right
[15:23] {Les} fell for that lame ass shit from the top down
[15:23] {Les} once major support was taken out, reality set in
[15:24] {Alexs} ok guys it's you business then
[15:24] {nemo} amazing it took this long considering your married
06[15:24] * Les slaps Alexs around a bit with a large trout
[15:24] {Les} you speaking vad alex?
06[15:24] * Les slaps nemo around a bit with a large trout
[15:24] {Les} that's for the dose of reality
[15:24] {Les} now where's teh bottle
[15:25] {dino} have to leave early, thx for ideas. gn all
[15:25] {Les} cheers
01[15:27] {&Threei}  take care dino
01[15:29] {&Threei}  1:5
01[15:30] {&Threei}  1:6
01[15:30] {&Threei}  can I have some of my shares back?
01[15:30] {&Threei}  poor goldbugs
01[15:30] {&Threei}  their whole thesis is hopelessly wrong
01[15:30] {&Threei}  fear trade is over
[15:30] {Les} http://tinyurl.com/lswb2ce
[15:31] {Les} commodity funds taking it in the ass too
[15:31] {Les} further unwinding to come me thinks
[15:31] {Les} $1000 looks good for gold
01[15:32] {&Threei}  just wait till all gold gurus start unraveling... 100 won't be support for long
01[15:32] {&Threei}  1000
[15:32] {Alexs} Don't worry  with Yellen gold will be $2000 soon
[15:32] {Alexs} very soon
[15:32] {Les} indexes coming down
[15:32] {Les} forget it Alex
01[15:33] {&Threei}  nah
[15:33] {Les} Fed ain't gonna make a dent
01[15:33] {&Threei}  1:7
01[15:33] {&Threei}  to lift gold that high they'd have to print that much that demonstrations on the streets over price of gas would put an end to it much sooner
[15:33] {Les} .60 might be bounce entry
[15:33] {Les} gld
[15:36] {Alexs} Gold was an objective value, an equivalent of wealth produced. Paper is a mortgage on wealth that does not exist, backed by a gun aimed at those who are expected to produce it. Paper is a check drawn by legal looters upon an account which is not theirs: upon the virtue of the victims. Watch for the day when it bounces, marked: ‘Account overdrawn.’
[15:36] {Alexs} Rand, Ayn (2005-04-21). Atlas Shrugged
01[15:37] {&Threei}  imagine how she'd felt about her disciple Greenspan who oversaw US going odff the gold dtandard :)
[15:38] {Les} paper accounts still functioning, whatever one thinks of COMEX
[15:38] {Les} paper markets
01[15:39] {&Threei}  i disagree woth her views on gold
[15:39] {Alexs} it's different thing Les
[15:39] {Les} ?
[15:40] {Alexs} busause you just don't like gold, it's personal Vad
[15:40] {Les} is this ese under new pseudo?
01[15:41] {&Threei}  why would i not like it
[15:41] {Alexs} I don't know
01[15:42] {&Threei}  i don't view it as measurement of economy size, that's all
01[15:42] {&Threei}  and using it as a currency backing establishes such relation
[15:43] {Les} gold  .50 short 
[15:43] {Les} shit
01[15:43] {&Threei}  1L10
[15:43] {Les} getting dumped
[15:43] {Les} daily head and shoulders
[15:44] {Les} neckline just a little lower
[15:49] {Alexs} I was in Russia in 1998, I know how hyperinflation starts, no time for demonstrations, everything would cost twice next day
[15:49] {Les} but consider the currency
[15:49] {Les} shit ask Vad
[15:50] {Les} I imagine he exchanged into dollars from time to time
[15:50] {nemo} JPM reports in the morning
[15:50] {Les} but dollars is the core trading currency of the world
[15:50] {Les} no other currency to jump into once Uncle Buck is shafted
[15:51] {Alexs} yes but printing 1 trillion a year what do you expect
[15:51] {Les} the real economy will break down prior
[15:52] {Les} however, am eager to buy silver again
01[15:52] {&Threei}  it's different mechanism alex
01[15:53] {&Threei}  that was event-related, default
[15:53] {Les} printing 1 trillion what? Rouble or dollars?
[15:53] {Alexs} actually it was the same thing
[15:54] {Alexs} lol dollars, I mean now
01[15:54] {&Threei}  nope... if you lived through hyperinflation of the beginning of 1990, you know the difference
[15:54] {Alexs} I'm talking about 1998
01[15:55] {&Threei}  right - that one was one time event related
01[15:55] {&Threei}  previous one was gradual, spread in time
[15:55] {Alexs} but then they started printing the money like hell
01[15:55] {&Threei}  one in US would be of the same kind as earlier one
01[15:55] {&Threei}  spread in time
01[15:56] {&Threei}  not an overnight event
[15:56] {Les} http://tinyurl.com/q3r9rcg
[15:56] {Les} there's money velocity chart
[15:56] {Les} printing money
01[15:56] {&Threei}  OK guys, very nice day
01[15:56] {&Threei}  have a great evening
[15:56] {Les} going nowhere fast
[15:56] {Les} cheers
01[15:56] {&Threei}  see you tomorrow
[15:56] {Alexs} ok I hope I'm wrong :)
[15:57] {Les} oh it'll all go to shit alex
01[15:57] {&Threei}  it will
[15:57] {Les} but ain't planning on hyperinflation

Oct 9 2013

Catch of the Day, occurred very early in the morning and went down a whole lot more after our exit.

Other than that, almost 100% day, with one winning trade after another, on GLD, FB and SLW, both long and short, and just one stop that didn't make a dent.


Session Time: Wed Oct 09 00:00:00 2013
[09:13] {cipher} gm
01[09:13] {&Threei}  morning cipher
[09:15] {RonS} hello
01[09:16] {&Threei}  ron :)
[09:17] {dino} gm
01[09:17] {&Threei}  dino :)
[09:19] {Will49} gm
01[09:19] {&Threei}  will :)
01[09:23] {&Threei}  gold takes a beating
[09:23] {nemo} kinda' like u in a spelling class
[09:24] {Alexs} gm
01[09:25] {&Threei}  alex :)
01[09:25] {&Threei}  nemo, you routinely mistake misspelling for mistyping
01[09:25] {&Threei}  one is not knowing how the word is spelled
01[09:25] {&Threei}  another is blind typing with one's fins
[09:26] {nemo} fine, kinda like u in a typing class
[09:26] {ese} gm
01[09:26] {&Threei}  I refuse to take spelling-related berating comments from someone who confuses "their" and there" {GGG}
01[09:26] {&Threei}  ese :)
[09:27] {+cc_9} gm
01[09:27] {&Threei}  cc9 :)
[09:27] {ese} lol
[09:27] {nemo} I'm homonymistacally challenged
01[09:27] {&Threei}  how else?
[09:27] {ese} huh
[09:27] {ese} Might be the worst disease on the planet that
[09:27] {nemo} your a math teacher...cough....ese...don't expect u to understand
[09:28] {Will49} better than being harmonymystically challenged, eh ese?
[09:28] {nemo} I don't think that's an issue for ese
[09:28] {Will49} for sure
[09:28] {ese} ahhhhhh ya     egzactilly
[09:28] {+cc_9} ACAD @ open :)
[09:28] {Will49} was thinking about you nemo
01[09:28] {&Threei}  interestingly enough, the only result google produces when searched for that word is... wait for it... this very log, lol
[09:29] {nemo} that's scary
[09:29] {nemo} mw
[09:31] {+cc_9} in ACAd 23.21 starter
01[09:32] {&Threei} Short Setup: FB  .70 break hl
01[09:32] {&Threei}  yeah right
01[09:33] {&Threei}  valid again
01[09:33] {&Threei}  If holds  .80
01[09:33] {&Threei}  1:1
01[09:34] {&Threei}  1:3
01[09:34] {&Threei}  1:4
01[09:34] {&Threei}  out
[09:34] {+cc_9} ACAD add 22.55
01[09:34] {&Threei}  sheesh, lol
[09:34] {Alexs} nice gm Vad
01[09:34] {&Threei}  :)
[09:35] {robbers} Nice call.
[09:35] {+cc_9} ACAD testing double bottom 22.50 from yesterday
[09:35] {+cc_9} holding for now
[09:35] {dino} bud hl l .90
01[09:36] {&Threei} Short Setup: GLD  .20 break
01[09:36] {&Threei}  If holds  .30
01[09:38] {&Threei}  change to .30 break
01[09:38] {&Threei}  If holds  .35
[09:38] {+cc_9} FB/ACAD back to LOD ranges
01[09:39] {&Threei}  wow FB
[09:39] {+cc_9} FB dumping fast here
01[09:40] {&Threei}  (US) Fitch: There is no evidence that default risk aversion is prompting withdrawls from money market funds, which would be able to weather a "short-lived" default
[09:40] {Alexs} still valid?
01[09:40] {&Threei}  this doesn't look like any kind of technical move
01[09:40] {&Threei}  yes
01[09:40] {&Threei}  no news though
[09:41] {+cc_9} wow
[09:41] {dino} out z yesterday, .00, +1.09
01[09:41] {&Threei}  1:15
01[09:41] {&Threei}  lol
[09:42] {dino} out bofi yesterday .50, +.85
[09:42] {+cc_9} long FB here 46.35
[09:42] {+cc_9} kinda overdone
[09:43] {+cc_9} looking for 46.80
[09:44] {+cc_9} damn it ACAD, now i have to marry it
[09:45] {nemo} beer goggles?
[09:46] {dino} tsla blood, jazz too
[09:47] {+cc_9} ACAD total wreck, crash mode
[09:47] {Alexs} gld stop .41?
[09:47] {dino} mo-mo getting whacked
01[09:47] {&Threei}  hmmm
01[09:47] {&Threei}  didn't it invalidate?
01[09:47] {&Threei}  if you went for it, yes
[09:48] {Alexs} k
[09:48] {dino} jazz sm l .02
01[09:48] {&Threei}  .36 now
[09:48] {Alexs} 1:1
01[09:48] {&Threei}  by the book from here
[09:48] {Alexs} k ty
[09:48] {robbers} Out, thanks Vad.
[09:49] {+cc_9} ACAD nonstop since open
[09:49] {dino} out jazz .33, +.31
[09:50] {dino} acad sm l .80
[09:51] {+cc_9} ACAD needs a run through $22 and then some
[09:51] {dino} out acad .10, +.30, thx for idea cc9
[09:51] {Alexs} 1:2 GLD
01[09:53] {&Threei} Long Setup:  SLW  .95 break
01[09:53] {&Threei}  If holds  .90
[09:54] {+cc_9} ACAD massive volume bar here
[09:54] {cipher} yndx l.83
[09:54] {dino} z sm l .60
[09:55] {dino} acad sm l .75
[09:55] {Alexs} out GLD 126.01 ty Vad
01[09:55] {&Threei}  yw
01[09:56] {&Threei}  1:1
01[09:57] {&Threei}  - Janet Yellen to be formally nominated to head Fed on Wednesday
01[09:57] {&Threei}  let the destruction speed up
[09:57] {dino} tol, dhi gap fills
[09:58] {Alexs} 1:2 SLW btw
[09:59] {dino} tol sm l .80
[09:59] {+cc_9} ACAD some bids here
[09:59] {dino} dhi sm l .80
[09:59] {cipher} out yndx .99 +.16
[09:59] {dino} out z .31, +.71
[09:59] {robbers} wtg dino.
[09:59] {ese} c...how many shs did you do with yndx
[10:00] {dino} ty robberas
[10:00] {robbers} You left off the final "s" dino.
[10:00] {dino} yum sm l .05
[10:01] {+cc_9} ACAD no mercy, bounce over $21.00 and crash back to .60s
[10:02] {dino} out yum .35, +.30
[10:03] {dino} trip fugly
[10:03] {dino} acad stop .55 -.20
[10:04] {dino} ddd sm l .56
[10:05] {dino} out bud .91, +.01, won't move
[10:06] {ese} L fslr .00
[10:07] {ese} stop .82
[10:07] {ese} stopped .-18
01[10:09] {&Threei}  (US) PIMCO's Gross: Yellen is more dovish than Bernanke, Fed is running out of ammunition and will depend on forward guidance
01[10:09] {&Threei}  and:
01[10:09] {&Threei}  (US) Fed's Evans (dove, FOMC voter): The current situation in the US, with low inflation and high unemployment, calls for more accommodative monetary policy
[10:10] {dino} safm sm l ave .76 thinny
01[10:10] {&Threei}  folks... when this administration is done with you, you might want to immigrate to Uzbekistan or something
[10:10] {nemo} Chechnya
[10:10] {dino} was thinking canada
[10:11] {Will49} can't bring your gun dino
[10:12] {Will49} nemo is on our no fly no drive no walk list now
[10:14] {+cc_9} ACAD this could be bottom now
[10:15] {Alexs} In Efficiency Wage Models of the Labor Market, Akerlof and coauthor Janet Yellen (his wife) propose rationales for the efficiency wage hypothesis in which employers pay above the market-clearing wage
[10:15] {nemo} more intellectual onanism
[10:16] {Alexs} end of free market capitalism
[10:16] {nemo} well, markets have never been free
[10:17] {dino} why would employers pay above wage?
[10:17] {Alexs} lol
[10:17] {nemo} they pay to supply, substitution theory, and elasticity
[10:19] {dino} jazz hooker
[10:19] {dino} sm l ave .45
[10:19] {Alexs} I'm afraid in a few years we will realize that in 2013 we still had a free market
[10:19] {dino} nonsense nemo, its all nonsense
[10:22] {nemo} theory is, but transactions depend on demand/supply, substitution availability, and elasticity of demand
[10:22] {nemo} basically that's it
[10:22] {dino} mkt spike
01[10:22] {&Threei}  I am afraid you are very correct Alex
[10:23] {cipher} REGN l 275.30
[10:23] {ese} L infi .41
[10:23] {cipher} out 276.66 +1.36
[10:24] {cipher} shit too soon
[10:24] {ese} nice one though c
[10:25] {dino} out acad .85 ave +.40
[10:26] {dino} jazz that was
[10:26] {ese} out infi ..60 +.19
[10:26] {dino} gj
[10:27] {dino} out safm ave ,20, +.44
[10:29] {dino} out tol .10, +.30
[10:30] {dino} tsu spike
[10:30] {ese} get the sense the mrkt is tired of selling......at least for the time being
[10:31] {nemo} it
[10:31] {nemo} it's waiting for you to log out ese
[10:31] {dino} could be a trap ese
01[10:32] {&Threei}  my take:
[10:32] {ese} either or............i know it's all about me.....it's out to get me.....just like nemo
[10:32] {nemo} indexes at their weekly S2
[10:32] {nemo} or should I say "there"?
[10:32] {dino} slowing down here, mind tired
[10:32] {ese} lol
01[10:33] {&Threei}  long term, market is very happy about new Fed chairman, extreme dove, and can't wait to skyrocket as soon as current hurdels are cleared,
[10:33] {+cc_9} FB, at last
01[10:33] {&Threei}  short term, market is spooked by possible, even short-lived, default
[10:35] {cipher} REGN S 278.38
[10:35] {ese} thats not a plrblem....cipher and cc....will financially back it......the way they've been trading
[10:35] {cipher} cov 277.01 +1.37
[10:35] {cipher} shit did it again
[10:35] {cipher} too damn soon
[10:35] {cipher} maybe not
[10:36] {Will49} cipher...you dog
[10:36] {Will49} a term of endearment:)
[10:36] {ese} i took it the other way
[10:43] {nemo} oh..it's a frickin
[10:43] {nemo} Fed Day
[10:43] {Will49} now you tell me
[10:44] {ese} whoa...hey dino ADTN
[10:46] {dino} adtn sm l .92
[10:47] {dino} a bit soon
01[10:48] {&Threei}  -(US) White House: Pres Obama would veto House-passed bill which would create bipartisan, bicameral panel to work on deficit reduction, debt limit.
01[10:48] {&Threei}  soundas about right... just veto anything that comes from the other side
[10:48] {ese} gonna try it here L .76 adtn
[10:49] {dino} out adtn .75 -.17
[10:49] {dino} lowers giudance
[10:49] {dino} lol spelling
01[10:49] {&Threei}  spelling? I just tried to pronounce that... my tongue is broken in three places!
[10:50] {ese} stopped .48-.27 holy cracken
[10:50] {ese} doodley
[10:50] {dino} lol
[10:51] {ese} 300 shs ........good thing would have scared the crap out of me otherwise
[10:52] {cipher} TNA s.40
[10:52] {cipher} SDS l .78
[10:52] {dino} had 400 here
[10:53] {cipher} WOHOOOOOOOOOOOOOOOOO
[10:53] {ese} Bastard look at that thing now
01[10:53] {&Threei} Short Setup: GLSD  .40 break
01[10:53] {&Threei}  GLD
01[10:53] {&Threei}  If holds  .50
[10:54] {+cc_9} ese, now that you're out, it should go
[10:54] {ese} it is
[10:54] {dino} and it did
[10:54] {ese} Look at it
[10:55] {+cc_9} 0 read on the indexes today, bounce flush, bounce flush
[10:55] {+cc_9} IWM back to lows
[10:55] {cipher} die SPY
[10:57] {+cc_9} ACAD 50% haircut in 48 hours
[10:57] {+cc_9} and so is the life in biotech world
[10:57] {nemo} whoa, dark pool gld trade
[10:57] {ese} L 01
[10:58] {ese} adtn
[10:58] {ese} out .16
[10:59] {cipher} ES target 1650
[10:59] {ese} ok......i ll take that
[11:02] {nemo} now do we enter the Fed tradewinds
[11:05] {cipher} cov TNA .08 +.32 not working as expected
[11:06] {cipher} now that I'm out it's working
[11:07] {+cc_9} seesaw
[11:07] {dino} lod
[11:09] {cipher} ES at target damn
[11:09] {cipher} [11:00] {cipher} ES target 1650
[11:09] {nemo} this is impressive for a Fed day
[11:09] {cipher} SSO L .33
[11:09] {cipher} for a scalp
[11:10] {nemo} if this doesn't work, lotsa' support at 164.70ish spy
[11:10] {cipher} expecting only 3 pt move on ES
[11:10] {nemo} just sayin'
[11:10] {cipher} and maybe furter slide afterwards
[11:11] {nemo} Fed day cipher
[11:12] {cipher} regardless of FED my tea leaves usually don't fail me
[11:12] {nemo} just sayin'
[11:12] {cipher} just sayin
[11:12] {nemo} is that Hemlock?
[11:13] {cipher} nor working
[11:13] {nemo} Hemlock it is
[11:13] {cipher} SSO stopped +.01
[11:14] {cipher} who pressed the down elevator button?
[11:14] {nemo} Yellen
[11:14] {cipher} damn dogs
[11:15] {cipher} need a good flush
[11:15] {cipher} then we go up
[11:16] {cipher} agreed nemo?
[11:16] {nemo} test 165 resistance
[11:16] {nemo} think 81.18 a good bid on sso
[11:17] {cipher} yeah agreed
[11:18] {nemo} two caveats here, iwm and finnies haven't reached the WS3
[11:18] {nemo} spy has
[11:19] {nemo} wll vad
01[11:20] {&Threei}  chart is right... hate the spread
[11:20] {cipher} below 81 maybe SSO
[11:20] {nemo} I'm watching for the finnies to line up with it
[11:21] {cipher} here's the final flush imo
[11:22] {nemo} finnies not ready
[11:22] {+cc_9} we need a massive plunge
[11:22] {nemo} watch 64.15-.25 on fas
[11:24] {cipher} sso l.10
[11:24] {cipher} tna l .46
[11:25] {cipher} that was it
[11:25] {nemo} that was a nice catch
[11:25] {cipher} gotta be quick on trigger
[11:25] {cipher} ES target 5 pt min
[11:25] {cipher} to the upside
[11:26] {cipher} enjoy the ride
[11:30] {cipher} some on SPY
[11:30] {cipher} come on
[11:31] {cipher} out SSO .50+.39
[11:31] {cipher} out TNA .94 +.48
[11:32] {cipher} ES at target
[11:32] {cipher} all out
[11:32] {cipher} anyone took the trade?
[11:35] {cipher} I guess I got my answer :)
[11:35] {cipher} lol
[11:35] {cipher} ok folks, it's been fun
[11:35] {cipher} cya tomorrow
01[11:36] {&Threei}  take care cipher
[11:43] {nemo} hpq spiking
06[11:45] * Les slaps nemo around a bit with a large trout
[11:46] {Les} first strike bitch
01[11:46] {&Threei}  lol
01[11:46] {&Threei} Short Setup: GLD  .50 break
[11:46] {nemo} wife didn't use the KY on ya' last night, huh?
01[11:46] {&Threei}  If holds  .60
[11:46] {Les} ouch
[11:48] {RonS} H-P shares jump 6% as CEO says rev to stabilize
[11:48] {Les} cc stop speaking French, you're confusing Nemo more than he usually is
[11:49] {Les} [15:54] {+cc_9} ok mecs, a+ aussi
[11:51] {nemo} you're projecting again
[11:55] {Will49} even god couldn't have caught that drop in GLD
[11:56] {nemo} who do you think started it?
[11:56] {Will49} ha
[11:56] {+cc_9} allez vas-y toi...
[11:56] {robbers} Yeah, Will, I sneezed and missed it.
01[11:57] {&Threei}  anyone got it?
[11:57] {Will49} did you Vad?
[11:57] {goinshort} got it thanks!
01[11:57] {&Threei}  I would if I haven;'t turned to take cup off coffee from wife
01[11:58] {&Threei}  gs :)
[11:58] {Will49} goinshort= god
[11:58] {Alexs} missed it
01[11:58] {&Threei}  well will... look what his name abbreviates to
[11:58] {Will49} ?
01[11:58] {&Threei}  GS
[11:59] {Will49} oh ok i get it now
01[11:59] {&Threei}  :)
[11:59] {goinshort} shorted it at 125.55
[12:00] {robbers} Cheater!
[12:00] {Alexs} does it make sense to get in on recross?
[12:00] {nemo} now it should get quiet into the Fed
01[12:00] {&Threei}  covered some at .45 then?
01[12:00] {&Threei}  as long as 1:1 isn't reached, yes Alex
[12:01] {goinshort} yes    took short on high bar
[12:04] {+cc_9} SRPT massive bounce, walk coming up 46.50
01[12:06] {&Threei}  1:1
[12:08] {ese} am outta here cya tomorrow
01[12:08] {&Threei}  take care ese
[12:12] {dino} gdot sm l .07
[12:13] {dino} ddd sm l .65
[12:27] {Will49} See you guys tomorrow
[12:28] {dino} out gdot .37, +.30
[12:32] {+cc_9} ACAD pushing $21
[12:34] {RonS} gmcr into a gap...
01[12:35] {&Threei} Long Setup:  GLD  .60 breal
[12:39] {RonS} gs hod
01[12:41] {&Threei}  1:1
[12:42] {Alexs} just wanted to ask about stop level lol
01[12:42] {&Threei}  we don't need no stinkin' stops
[12:42] {Alexs} love it
[12:46] {robbers} Half out.
[12:49] {+cc_9} GMCR holy crap
[12:49] {+cc_9} did they get into the biotech business ?
[12:50] {RonS} O outlawed coffee...
[12:50] {Alexs} btfd cc?
[12:51] {RonS} except at sbux cause michele owns 50k shares...
01[12:52] {&Threei}  1:2
[12:59] {dino} gmcr sm l .60
[13:01] {dino} out gmcr .90, +.30 ty idea cc9
[13:04] {robbers} Some excellent calls today, thanks Vad.
01[13:05] {&Threei}  yw sir
01[13:05] {&Threei}  doesn't take us long to bounce back after occassional shellacking, does it
[13:06] {robbers} As you said the other day, sometimes losses come in clusters.  Just have to keep the faith.  And yes, nice bounce-back.
01[13:06] {&Threei}  :)
[13:17] {Les} nemo FSC chart issues?
[13:18] {Les} or is it just me :)
[13:22] {+cc_9} GMCR ripping
[13:25] {dino} out ddd .48, +.90
[13:25] {dino} opps, +.83
[13:26] {Les} NEEEEEEEEEEEMMMMMMMMMOOOOOOOOOOOOOOOOO
[13:26] {nemo} oh, I see I missed the rally
06[13:26] * Les slaps nemo around a bit with a large trout
[13:26] {Les} bit early for booze ain't it
[13:27] {RonS} knocked him out Les
[13:29] {Les} that or it's bunny time ;)
[13:31] {+cc_9} Les, arretes tes conneries
[13:31] {Les} hehehe
[13:32] {Les} je reste un eternal enfant
[13:32] {+cc_9} c'est la seule facon de vivre!
[13:34] {Les} oui, avec une bouteille par soir ça marche
[13:35] {+cc_9} oui mais trop de ca et tu risque de vieillire encore plus vite lol
[13:36] {Les} heh, je suis marrié, ça va ma tuer ici quelques années...
[13:40] {+cc_9} LOL
[13:40] {RonS} ribbit...
01[13:45] {&Threei}  so far, 16,000+ enrolled in Obamacare
[13:46] {RonS} how many w/ chronic illnesses that could not qualify before?
[13:46] {robbers} The website is a cluster-f.  If a private company launched like this, they'd be out of business.  Oh wait, the govt. is out of business.
01[13:46] {&Threei}  no one knows anything
01[13:47] {&Threei}  even this number came from other sources, not from govt
[13:48] {Les} GDX sticking at 24 resistance
[13:48] {Les} cup and handle or potential failure here
01[13:50] {&Threei}  12 min till FOMC minutes release
[13:50] {Les} k
01[14:00] {&Threei}  *(US) MINUTES OF THE SEPT 18 FOMC MEETING: SOME MEMBERS WORRIED THAT TAPER WOULD INCREASE MARKET RATES; TAPER WAS A CLOSE CALL FOR MANY MEMBERS
01[14:02] {&Threei} Short Setup: C  .20 break
01[14:02] {&Threei}  If holds  .30
01[14:02] {&Threei}  (US) WSJ's Hilsenrath: FOMC minutes indicate many Fed members were torn on whether or not to taper QE buys
01[14:12] {&Threei}  here is interesting bit:
01[14:12] {&Threei}  - One participant noting that the effects of the federal sequestration appeared to be less pronounced than previously anticipated. However, a number of others pointed to heightened uncertainty about the course of federal fiscal policy over coming months, including the potential for a government shutdown or strains related to the debt ceiling debate, which posed downside risks to the economic outlook.
01[14:13] {&Threei}  this seems to indicate that as soon as debt ceiling debate is over, they'll begin taper
01[14:13] {&Threei}  as they obviously didn't want to add to that uncertainty
[14:15] {dino} i think not, unemployment still too high
[14:15] {Les} dunno, but wouldn't want market participants thinking that vad...
[14:17] {dino} why announce it anyway, just slowly do it
[14:29] {Les} qqqq looking like potential daily shooting star top
[14:33] {dino} out dhi .05, +.25, took all day
[14:33] {+cc_9} you mean QQQ hehe
[14:33] {Les} nah speaking of the volatility
[14:33] {Les} might be bounce time here
[14:34] {Les} buy yer fuckin dip, as you'd say
[14:34] {Les} pardon my french
[15:00] {+cc_9} 10mins before the Tzar makes his intro of the new Fed Chairm-...woman
[15:05] {Alexs} gld long .30?
01[15:06] {&Threei}  hmm
01[15:06] {&Threei}  not sure
[15:08] {nemo} http://bit.ly/1aaYCN2
01[15:12] {&Threei} Long Setup:  TNA  58 break
01[15:12] {&Threei}  If holds  .90
01[15:14] {&Threei}  nah
[15:18] {+cc_9} Obama "thanks to this man (bernanke), people are able to keep their homes"
[15:18] {+cc_9} HAHA
01[15:18] {&Threei}  sigh
01[15:18] {&Threei}  this gang won't quit until nothing but scorched earth left
[15:19] {Les} http://tinyurl.com/p7x3qut
[15:19] {Les} Aussie response to all those whinging home owners
[15:21] {Les} speaking of whingers
[15:22] {Les} working security today at regional unemployment office where people are becoming less polite bumming off the state
[15:22] {Les} people rolling up in new mini mercedes to lodge claims and paperwork
[15:23] {Les} I clearly haven't learned how to skim the system correctly
[15:24] {Les} people bitching that they're not receiving enough, while checking messages on their Iphone. frik me
[15:25] {Les} won't be pretty when the state goes broke
[15:27] {nemo} wow HIG
[15:28] {RonS} Apollo, JC Flowers expected to bid for Hartford's Japan unit -sources
01[15:29] {&Threei}  (US) Fed Chairwoman nominee Yellen: Pledges to fulfill the Fed's dual mandate if confirmed as chairwoman, more needs to be done to help the recovery
01[15:29] {&Threei}  *facepalm*
[15:29] {nemo} print money keep interest rates low, bfd...you've been doing that, and....
01[15:32] {&Threei}  (US) DBRS rating agency places United States rating on review with potential negative implications
01[15:32] {&Threei}  someone wants their offices raided it seems
[15:33] {nemo} here comes the 3:30 rally
01[15:33] {&Threei} Short Setup: GLD  126 break hl
01[15:33] {&Threei}  If holds  .10
[15:34] {+cc_9} ADTN, GMCR, FB, all btfd plays
[15:34] {+cc_9} ACAD was the failure of the day
[15:35] {Les} HIG hesitating  at .50
[15:36] {nemo} swing high
01[15:36] {&Threei}  1:1
01[15:46] {&Threei}  wow... http://www.washingtontimes.com/news/2013/oct/8/berman-misreading-a-russia-on-the-run/
[15:47] {+cc_9} EOD dive
[15:47] {+cc_9} IWM clobbered last 15
01[15:47] {&Threei}  I am long aware of these trends but never thought they were this close in time and strong (providing articles state real numbers of course)
01[15:52] {&Threei}  Ok guys, no time left
01[15:52] {&Threei}  and no reason for new trades
[15:52] {Les} a+
01[15:53] {&Threei}  thank you all, have a great evening
01[15:53] {&Threei}  see you tomorrow
[15:54] {dino} gn all, thx for ideas

Oct 8 2013

I guess we angered trading gods yesterday - trade after trade was rinsed. When you get the direction right but price tags your stop before proceeding to the target... Ah well, we will get them tomorrow.

Session Time: Tue Oct 08 00:00:00 2013
[09:10] {dino} gm
01[09:10] {&Threei}  morning dino
[09:10] {RonS} gm...agen phase 3 trial of malaria vaccine reduced disease 45% v control group
[09:11] {nemo} I wish they would stop trying to save people...we need to decrease the surplus population
01[09:11] {&Threei}  ron :)
01[09:12] {&Threei}  they don't nemo, they save mice
[09:12] {RonS} as dear ole dad says...cull the herd...
[09:12] {nemo} well, what happens is smarter people stop breeding and the morons expand the activity..humanity is screwed
[09:13] {+cc_9} gm all
01[09:14] {&Threei}  could be... in addition, govt measures like Stalin's cleansing waves eradicate those who differ from average
01[09:14] {&Threei}  cc9 :)
[09:15] {nemo} this feels like it's gonna' be a dead day
[09:18] {drewj} good morning guys
01[09:18] {&Threei}  drew :)
03[09:20] * Retrieving #discussions modes...
[09:20] {ese} gm
01[09:21] {&Threei}  ese :)
[09:22] {Alexs} gm
01[09:22] {&Threei}  alex :)
[09:23] {Will49} gm
01[09:23] {&Threei}  robbers... added 3 more shots from new toy yesterday
01[09:23] {&Threei}  will :)
[09:26] {robbers} I'll take a look.  BTW, are your lenses bayonet-mount?  That was an advantage of the OM-1 over the Nikon.
[09:27] {ese} lol
01[09:28] {&Threei}  yes
[09:28] {cipher} gm
01[09:28] {&Threei}  cipher :)
01[09:31] {&Threei} Long Setup:  GDX  .56 break
01[09:31] {&Threei}  If holds  .50
[09:32] {+cc_9} SCTY flying
[09:32] {cipher} EBAY L .89
[09:34] {+cc_9} hell of a snag cipher
01[09:35] {&Threei} Long Setup:  JPM  .90 break
01[09:35] {&Threei}  If holds  .80
[09:40] {nemo} index bounce territory
[09:41] {nemo} fb
[09:41] {cipher} tna l .87
01[09:41] {&Threei} Long Setup:  FB  .15 break
[09:42] {cipher} SSO L.61
01[09:42] {&Threei}  If holds  .05
01[09:43] {&Threei}  1:1
[09:44] {dino} regn smr l .05 ave
[09:44] {RonS} ty fb +.14
[09:45] {+cc_9} nice play on TNA
[09:45] {cipher} out TNA .38
01[09:45] {&Threei}  yw
[09:45] {cipher} out SSO .99
[09:45] {RonS} gj
[09:45] {Will49} sweet
[09:46] {cipher} out EABY .24 +.35
[09:46] {nemo} spy pivot .71 with 50 sma at 168.14ish, will likely try for both levels
[09:46] {cipher} just follow the big boys
01[09:47] {&Threei}  [09:40] {nemo} index bounce territory {--- that was very precise
[09:47] {cipher} nemo is da man
[09:48] {cipher} I saw the same thing
[09:48] {nemo} so....we have a shared psychosis
[09:48] {cipher} not sure if it's a godd thing :)
[09:49] {Alexs} I prefere shared profit
[09:49] {nemo} I'm not paranoid, and anybody who thinks I am is out to get me
[09:49] {nemo} we have to send Alex to cut trees for the glory of the proletariat
[09:49] {cipher} yhoo drop
01[09:50] {&Threei}  I don't have multiple personality disorder. So I am told by a psychiatrist who usually takes over my body on Thursdays
[09:50] {Will49} lol
[09:51] {nemo} we'll just call him Sybilavich
[09:51] {dino} stop regn -.40
[09:51] {Will49} why anyone would want to take over youe body is a wonder to me
[09:51] {Will49} :)
01[09:51] {&Threei} Long Setup:  GLD  .10 break
01[09:51] {&Threei}  If holds  128
[09:52] {cipher} YHOO L .79
[09:52] {cipher} TNA L .94
[09:52] {+cc_9} FB $50.00 again
[09:53] {cipher} yhoo stopped .74 -.05
[09:54] {cipher} expecting new hi on SPY
[09:54] {+cc_9} you guys on fire today!
[09:54] {cipher} here we go
01[09:54] {&Threei}  no go
[09:54] {ese} higher low spy
[09:55] {ese} market tired of sell off maybe
[09:55] {cipher} ES target 80-ish
[09:55] {nemo} it should stay range bound
[09:55] {dino} reload regn .15
[09:55] {RonS} hearing dc news....clean cr...
[09:56] {nemo} then we will rip 2% higher
[09:56] {RonS} rumor now...
[09:56] {nemo} shorting today could be very dangerous because of headline risk
[09:57] {RonS} [7:57:37 AM] Justin Zukor: According to a CNN survey of House members, there are enough votes to OK a plan to end the partial government shutdown, but Speaker John Boehner won't call for a vote.
[09:57] {nemo} you'll be short, headline comes out about Congressional Kumbaya, 5 seconds later your account will be liquidated
[09:57] {cipher} out TNA .39 +.47
[09:58] {dino} gj
[09:58] {cipher} mkt is nervous
[09:58] {cipher} playing it safe
[09:58] {ese} that explains the higher low nemo...tks
[09:59] {nemo} yeah
01[09:59] {&Threei}  *(US) OCT IBD/TIPP ECONOMIC OPTIMISM: 38.4 V 46.0 PRIOR
[09:59] {+cc_9} SPY feel like it wants to pop out of the blue all the way to 168
[09:59] {+cc_9} 15min looks ripe
[10:00] {ese} spy bounced off of the first pivot support as well.....
[10:00] {nemo} 168.16ish is the 50 day...natural magnet
01[10:00] {&Threei}  son of a gun, GLD
[10:00] {drewj} yup
[10:01] {+cc_9} market tank
[10:01] {nemo} Boehner speaking
[10:01] {nemo} here are important spy levels:  http://bit.ly/1bAmFYJ
01[10:02] {&Threei}  Cantor
01[10:04] {&Threei}  (US) Senate Democrats now likely to introduce a debt limit increase bill that would provide borrowing authority through to 2014, expect to get 60 votes without conditions placed on the authority - press
[10:05] {+cc_9} place your bets now
[10:05] {+cc_9} market should get a move within the next 5 minutes
[10:05] {nemo} 4 minutes 32 seconds
01[10:05] {&Threei} Long Setup:  FB  .90 break
01[10:05] {&Threei}  If holds  .80
01[10:07] {&Threei}  no go
[10:07] {+cc_9} "we want to sit down and have a conversation"
[10:07] {+cc_9} so sit down and have a conversation...you bastard
[10:09] {+cc_9} the funny thing is which ever direction the algos push, retail will follow and then headlines will talk about either fear in the markets or lack thereof
[10:10] {ese} eggzactilly
[10:11] {nemo} your spelling sucks ese
[10:11] {nemo} eqzaktly
[10:12] {ese} opps....sorry will get that right next time
[10:12] {cipher} REGN L 294.26
[10:12] {+cc_9} algos are saying buy
[10:12] {ese} what algos are you looking at cc
[10:13] {nemo} the algo in his brain
[10:13] {+cc_9} ese
[10:13] {Will49} algo to hell
[10:13] {+cc_9} its called btfd.exe
[10:13] {+cc_9} it runs on linux
[10:14] {nemo} bored, aren't we?
[10:14] {ese} hmmmm....hows it work
[10:14] {nemo} actually remarkable number of stocks red on my algo for so little movement in the indexes
[10:14] {+cc_9} IWM catching bids
[10:15] {+cc_9} QQQ major lag
[10:16] {nemo} algo view: http://bit.ly/GJiwHB  BTFD! @10:30
[10:17] {+cc_9} btfg engage
[10:17] {+cc_9} and also btfd
[10:17] {nemo} Vad is wearing off on you
[10:18] {dino} w/ya
[10:19] {ese} bunny rabbit algo..........cool...might be the only one on the planet
[10:20] {nemo} that reminds me, haven't seen bunny
[10:20] {+cc_9} here comes the big SPY push
[10:20] {+cc_9} say hello to 168
[10:21] {cipher} out REGN 296.06 +1.78
[10:21] {Will49} oh my
[10:21] {Will49} or words to that effect
[10:22] {dino} gj cipher
[10:22] {cipher} regn white knuckle ride
[10:22] {cipher} thx buddy
[10:22] {cipher} need diaper break
01[10:22] {&Threei} Short Setup: CAT  .30 break
[10:22] {Will49} lol
[10:22] {nemo} don't forget the desitin
01[10:22] {&Threei}  If holds  .40
[10:22] {cipher} lol
[10:25] {dino} deck sm l .60
[10:25] {ese} L npsp .80
[10:25] {nemo} play deck tight dino, it's holding under vwap, which means weakness in geenral
[10:26] {Will49} CAT still valid?
[10:26] {ese} out npsp .00 +.20
01[10:27] {&Threei}  yes
[10:27] {Will49} tks
[10:27] {ese} tks dino.............used your limit order strategy
[10:27] {ese} took both ends
[10:28] {dino} np, gj
[10:29] {cipher} what strat is that ese?
[10:32] {ese} no strat...entered the sell order as soon as the buy was taken
[10:32] {cipher} got it
[10:32] {nemo} yeah, get yourself in line
[10:32] {dino} i do it alot
[10:33] {nemo} how's your eyesight?
[10:33] {ese} stradles dino
[10:33] {Will49} LOL nemo
[10:33] {cipher} ctxs l.00
[10:33] {nemo} straddles are an options strategy
[10:33] {ese} ya..........i haven't traded any options although would like to learn
[10:34] {nemo} ctxs at the 200 day
[10:34] {nemo} good place for a long
[10:35] {nemo} 69.60 good target cipher
[10:35] {cipher} I did, suckers game unless you sell them
[10:35] {cipher} or play the greeks
[10:35] {nemo} I'll leave that one alone
[10:36] {dino} i use them on capits/euphoria. buy month out opposite
[10:39] {+cc_9} FB plunging
[10:40] {cipher} pcrx l .60
[10:40] {+cc_9} Long FB 49.15 on oversold 5min
[10:40] {+cc_9} looking for bounce 49.50
[10:42] {cipher} out pcrx .95 +.35
[10:43] {cipher} ctxs stopped .90 -.10
[10:43] {cipher} sgen l.33
01[10:43] {&Threei}  hmmm
01[10:43] {&Threei}  not delighted
[10:44] {Will49} frikken cats
[10:44] {dino} out deck .97, +.37
[10:45] {nemo} weak side on algo has REALLY expanded, and the indexes not dropping
[10:47] {drewj} i'm taking a break
[10:47] {+cc_9} adding FB .70
[10:48] {cipher} sgen stopped .24 -.09
[10:48] {+cc_9} crashing
[10:48] {+cc_9} 48.93 FB cost
[10:50] {cipher} getting ready for BTFD
[10:50] {+cc_9} whoa FB
[10:51] {nemo} 166.51 s2 spy
[10:51] {nemo} 66.93 fas
[10:51] {nemo} 105.10 iwm
[10:51] {cipher} REGN L .98
[10:52] {cipher} missed the bottom by a penny
[10:52] {cipher} in SPY
01[10:54] {&Threei}  another rinse
[10:55] {+cc_9} FB rolling over hard
[10:55] {nemo} it's getting close
[10:56] {nemo} spy is currently the fly in the ointment
[10:57] {dino} z sm l .11 wide, gappy
01[10:57] {&Threei}  &^#$(*&
[10:57] {nemo} bottom
[10:57] {+cc_9} FB 15min, not a single green candle since 8AM
[10:57] {cipher} TNA L.00
[10:58] {dino} regn sm l .20 risky
[10:59] {nemo} mmmhhh....iffy action
[10:59] {nemo} spy may want .50 level
[11:01] {dino} regn stop
[11:01] {cipher} out TNA -.17
[11:01] {dino} out z .63, +.51
[11:02] {nemo} you partialling in cc?
[11:03] {nemo} toss the women and children
[11:03] {+cc_9} nemo, im in FB yes
[11:04] {nemo} alright
[11:04] {+cc_9} FB bottom here
[11:05] {+cc_9} largest volume bar
[11:05] {nemo} into the gap
[11:05] {+cc_9} 3M
[11:05] {cipher} FB L.95
[11:06] {dino} z sm l .85
[11:07] {+cc_9} ACAD reversing
[11:07] {dino} pru hl l .70
[11:07] {cipher} fb bids
01[11:07] {&Threei}  frikin CAT almost 1:3
[11:07] {Will49} shhheeesh
[11:08] {dino} acad hl l .80
[11:08] {cipher} should go to .50
[11:08] {dino} deck sm l .10
[11:09] {+cc_9} damn it, ACAD was the play on this bounce
[11:10] {+cc_9} 11:06 cc_9 FB bottom here
[11:10] {+cc_9} lets hope this holds
[11:11] {dino} out acad .25, +.45 ty cc9
[11:11] {+cc_9} gj dino
[11:11] {nemo} well algo hit exhaustion levels 80% of the time when it hits those levels and drops, the bottom or top is in
[11:12] {cipher} out fb ..25 +.30
[11:13] {+cc_9} nice
[11:13] {dino} jazz drop
[11:13] {RonS} ...ese faints...
[11:14] {RonS} took pru midget ese size +.15  thanks dino
[11:14] {+cc_9} beautiful bottom on FB
[11:14] {dino} jazz sm l .72
[11:15] {nemo} clean off your keyboard cc?
[11:16] {dino} gj ron
[11:16] {+cc_9} FB still think $49 is doable
[11:16] {cipher} REGN gonna pop imo
[11:16] {nemo} vwap at 49.12
[11:17] {+cc_9} IWM losing steam again
[11:17] {nemo} fas and spy also
[11:17] {nemo} oh oh
[11:17] {nemo} don't pull the women and children back on the boat yet
[11:18] {+cc_9} FB bucking trend, im ok with that. Still would like to see .50s bid
[11:19] {dino} ecom sm l ave .07
[11:19] {nemo} selling pressure not dropping drastically
[11:20] {+cc_9} ACAD going back in, stop 23.40
[11:20] {+cc_9} FB giddy up, need .57
[11:20] {dino} out jazz .18, +.46
[11:21] {RonS} gj
[11:21] {dino} ty
[11:21] {ese} nice one Ron......missed that last crack
01[11:22] {&Threei} Long Setup:  JPM  .40 break
[11:22] {+cc_9} SPY putting a bottom in i believe
[11:22] {+cc_9} needs a last crack at 166.85
[11:24] {Alexs} jpm if holds .31?
01[11:25] {&Threei}  .30
01[11:25] {&Threei}  what's with weird numbers :)
[11:25] {RonS} soon going all ese with things like .3097...
[11:25] {Alexs} .32 is S2
01[11:26] {&Threei}  think of it this way:
01[11:26] {&Threei}  support and resistance levels are determined by people's perception
01[11:27] {&Threei}  how many are likely to pay attnetion to even numbers like .30 vs esoteric S2 which not many even know ehat refers to?
[11:27] {+cc_9} ACAd $24.00, should go some more
01[11:28] {&Threei}  changer to .30 break
01[11:28] {&Threei}  If holds  .22
[11:28] {Alexs} lol
[11:28] {Les} whats the call?
01[11:28] {&Threei}  JPM
[11:28] {+cc_9} FB back to 48 again
[11:29] {dino} jazz sm l .59
[11:29] {+cc_9} careful with pharmas
[11:30] {+cc_9} IWM @ session lows
[11:30] {Les} FAS make or break
[11:31] {Les} good morning
[11:31] {dino} wtf
01[11:31] {&Threei}  morning Les
[11:32] {Les} sorry if I offended you dino
[11:32] {dino} lol les, no jazz just bohica'd me
[11:32] {Les} :) yeh I guessed
[11:33] {+cc_9} FB held its LOD
[11:33] {cipher} SDS L.21
[11:34] {dino} 07 red and getting faster
[11:35] {+cc_9} looks like one of those tank and slow grind down days in mid day
[11:36] {dino} lvs hl l .75
01[11:37] {&Threei}  sigh
[11:41] {+cc_9} giving back ACAD on FB, sob
[11:42] {Les} bounce potential FAS .50 trigger
[11:43] {nemo} shoulda' been in at .41
[11:43] {RonS} vix hod 20.17
[11:43] {Les} yeh better r/r not sure we'e hit rock bottom
[11:43] {nemo} spy likely wants to test 166
[11:44] {nemo} confluence at 165.75
[11:46] {+cc_9} feels like the days of UVXY and TZA are nearing
[11:46] {+cc_9} the bounces have been smaller lately on each sell-off
[11:46] {nemo} now for the puke
[11:47] {ese} am outta here ladies and gents....have a great rest of the day
[11:47] {nemo} I'm beating the women and children over the head with the oar
[11:48] {Les} I'd do the same if you were in the3 water
[11:49] {nemo} if Les tries to make a joke and nobody laughs, is he really  there?
01[11:49] {&Threei} Short Setup: FB  .90 break
01[11:49] {&Threei}  If holds  47
[11:49] {Les} S3 for FAS
[11:50] {Les} dwelling in lowly places...
[11:51] {+cc_9} Let me sell FB first 48.57 Vad
01[11:51] {&Threei}  OK... I think I need to be removed from communication today
[11:52] {Les} dip buying time
[11:52] {nemo} S3 for fas 166ish for iwm, and just below S3 for IWM
01[11:52] {&Threei}  trading gods got offenede by the yesterday's beating and united for revenge today
[11:53] {nemo} 50 day on iwm is 104.30
[11:53] {+cc_9} Statement from the White House
[11:53] {Alexs} we need to sacrifice somebody
[11:54] {RonS} surrender to Obabble...
[11:54] {nemo} I nominate Les
[11:54] {+cc_9} alright FB, lets get through 48.60 already...
01[11:54] {&Threei}  (US) President Obama to conduct press conference at 1400ET
[11:55] {RonS} and plan on him being 15 min late...
[11:55] {+cc_9} market needs -500 day to get the vote going
[11:55] {cipher} TSLA L .08
[11:56] {+cc_9} Keep an eye on ACAD again
[11:56] {RonS} tsla $110k model best selling car in Norway...
[11:57] {cipher} trip l,48
[11:57] {+cc_9} back in light ACAd 23.02
[11:58] {nemo} GS is only down .60, something is up
[11:59] {cipher} out TSLA .19 +1.11
[11:59] {+cc_9} ACAD instant gratification
[11:59] {cipher} out TRIP .00 +.52
[11:59] {Les} yeh under 23 was nice entry point
[12:00] {Les} quick db in FAS would be nice
[12:00] {nemo} no bounce in the high betas
[12:01] {+cc_9} FB confirmed for piece of crap
01[12:01] {&Threei} Short Setup: JPM  .10 break
01[12:01] {&Threei}  If holds  .20
01[12:01] {&Threei}  if this one doesn't work, I eat my keyboard
[12:02] {nemo} maybe you could try another orifice
[12:02] {Les} here it is
[12:02] {Les} db
[12:03] {+cc_9} FB @ LOD
[12:04] {Les} no enthusiasm here
[12:04] {nemo} I could understand how that would be the case in your presence
[12:04] {Les} ah there we go
[12:04] {Les} go easy, was gonna jab at your sex life with that liner
[12:05] {nemo} got to it before you did...leave the bunny out of this...she's sensitive
[12:05] {Les} hehehe
[12:06] {+cc_9} ACAD one of the few that worked well today
[12:06] {+cc_9} market still taking a crap, FB dead
[12:07] {nemo} beta dead
[12:07] {Les} yeh fas turning inverted c&h
[12:07] {+cc_9} 11:21 cc_9 FB giddy up, need .57
[12:07] {+cc_9} amazing, it went to .57 to the penny before dropping
[12:07] {nemo} very precarious here, offers holding, nobody offering down yet
[12:08] {nemo} with OBama at 2:00 we could be staying weak
[12:08] {+cc_9} oh which nemo ?
[12:08] {nemo} algo
[12:08] {nemo} measures tow types of weakness
[12:09] {nemo} weak stocks, and those where there actually stepping down in the offer
[12:09] {nemo} huge number of weak, not that many stepping down
[12:09] {nemo} if the stepping down increases it's gonna get messy
[12:09] {cipher} amgn l.76
[12:10] {cipher} mygn l.15
[12:10] {nemo} weakness starting to ebb a bit
[12:11] {nemo} GS still only down .90
[12:14] {+cc_9} idk about that nemo, SPY bcak near lOD and on low vol
[12:14] {nemo} 165.75ish should hold
[12:16] {+cc_9} thats half a handle
[12:16] {nemo} o.k
01[12:16] {&Threei}  are you kidding me? FB is another rinse
[12:16] {nemo} beta not the place to be today Vad
01[12:17] {&Threei}  just why havn't ou told me so before the open
[12:18] {nemo} http://read.bi/GJxhKC
[12:18] {+cc_9} flat everything, waiting for  bottom on everything
[12:18] {+cc_9} if this here ends up being "the' bottom, I will do what nemo said
[12:18] {+cc_9} salt and season neighbors
[12:19] {+cc_9} SPY testing double bottom
[12:20] {nemo} iwm at 50 day
[12:21] {Will49} Well, that's it for me....out to the pool to talk about dimentia and other forgettable things
[12:21] {Will49} see ya tomorrow
[12:21] {nemo} spelling too?
[12:21] {Will49} yeah..
[12:23] {+cc_9} FB wow
01[12:23] {&Threei}  I meanwhile am going to make a snack out of my keyboard
[12:23] {dino} something you don't see everyday dji -90 comp -68
[12:24] {nemo} now, do yo buy 166, or wait?
[12:25] {nemo} gap close around .20 on faceplant
[12:27] {nemo} partialling in CC?
[12:28] {+cc_9} im going to wait until the Tzar speaks at 2PM
[12:28] {nemo} this wa probably it
[12:29] {nemo} fas and spy tested the whole, and IWM tested the WS2
[12:29] {nemo} P down over 10%
[12:30] {dino} ecom sm l .01
[12:31] {+cc_9} see nemo
[12:31] {+cc_9} not worth it at this point.
[12:31] {dino} acad sm l .66 ave
[12:34] {+cc_9} nice dino, you should be good on that one
[12:35] {dino} out acad .07 +.41
[12:36] {cipher} tsla l .02
[12:37] {dino} ddd hl l .90
[12:38] {cipher} out tsla .07 +1.05
[12:39] {Les} nice one
[12:39] {dino} gj
[12:40] {nemo} fb gap close
[12:42] {cipher} amgn l.01
[12:45] {cipher} out .11 +.10
[12:45] {cipher} ctsh l.67
[12:45] {cipher} ibb l.78
[12:46] {cipher} out ctsh .83 +.16
[12:48] {dino} out ddd .27, +.37
[12:48] {dino} got lucky, out jazz .22 +.63
[12:49] {nemo} Here's your level confluence between the indexes:  http://t.co/YhwY1gSi06
[12:50] {cipher} out ibb .15 +.38
[12:53] {cipher} ibb l .87
[12:55] {cipher} sso l .65
[12:56] {nemo} gap holding in FB
[13:02] {Les} great sso entry ci waited .70 for confirmation
[13:04] {Les} weak ass day
[13:06] {cipher} HEADFAKE IMO
[13:06] {cipher} sorry caps
[13:07] {dino} out most ecom .55, +.45
[13:07] {cipher} wer're going higher imo
[13:08] {cipher} SSO target around 83.20
[13:08] {Les} yeh but still stopped out for a scalp. pulling teeth
[13:08] {dino} probably until oblabber talks at 2 and says not his fault
[13:22] {RonS} the real story hidden in all the malarkey:  http://tinyurl.com/k4ltycy
[13:27] {+cc_9} flat line until 2PM
[13:30] {cipher} out IBB .45 +.58
[13:32] {cipher} out sso .80.15
[13:32] {RonS} gj
[13:33] {cipher} no patience calling it a day
[13:33] {cipher} cya
01[13:34] {&Threei}  take care cipher
[13:36] {dino} gotta hop for half hour or so
01[14:08] {&Threei}  are we fashionably late as usual
[14:08] {+cc_9} SPY fresh lows
01[14:09] {&Threei}  really want to short JPM 51
[14:09] {RonS} O say can you see?  Helll no, he's late again...
01[14:09] {&Threei}  or right here
01[14:09] {&Threei}  lol Ron
01[14:09] {&Threei}  but any word from high above can change things on a dime
[14:10] {+cc_9} more blame game
[14:10] {+cc_9} the market needs -500 day for people to really pay attention
[14:10] {nemo} that's politics
[14:11] {+cc_9} orangeman spoke earlier, obaman speaks now
[14:11] {+cc_9} one counters the other, market goes nowhere
[14:11] {dino} my bet too cc9
[14:11] {nemo} and gaps up in overnight futures
[14:14] {dino} here comes the king
[14:14] {+cc_9} all hail
[14:14] {nemo} Here comes the bride...
[14:15] {RonS} Les on stage?
06[14:15] * Les slaps RonS around a bit with a large trout
[14:16] {RonS} lol
[14:16] {Les} IWM 104 test
[14:16] {dino} not budging
01[14:18] {&Threei}  US) President Obama: Reiterates government must reopen before negotiations begin, Congress cannot demand a ransom for doing its job- Happy to talk to the Republican leaders about "anything," but should not require having economic chaos held over our heads. Congress needs to lift its threats before work begins.
[14:20] {dino} hain spike
[14:20] {+cc_9} If congress does not etc...America will not be able to...
[14:21] {Les} ideologue thinks he'll burn the Republicans good...
01[14:22] {&Threei}  - Democrats have shown plenty of openness to holding talks. Republicans have not offered serious negotiating positions.
[14:22] {Les} 104 iwm sticking
[14:22] {Les} etc etc
[14:23] {+cc_9} they are both burning the American people
[14:24] {Les} yeh seeing rise of 3rd party in UK. Wonder what America's answer will be in '16
[14:24] {nemo} SIEG HEIL!!!
[14:24] {RonS} or the Chinese...take yuor pick cc...
[14:24] {+cc_9} CHINA STRONK!
[14:25] {nemo} frickin' guai lo
[14:25] {RonS} hain reversal wow
[14:25] {dino} hain drop now
[14:27] {+cc_9} lol @ cutting loopholes for the wealthy
[14:27] {dino} hain sm l .30
[14:27] {+cc_9} FB going up on the obama likes rate
[14:27] {dino} out hain .38, +1.08
[14:27] {+cc_9} "i got a new obama phone!" like if you got one
[14:28] {Les} ballsy dino
[14:28] {Les} but huge swings outside the bb's for HAIN
[14:28] {RonS} why his friends call him "brass"...
[14:29] {+cc_9} ugh, i did not see the hain alert on time
[14:29] {+cc_9} nice one ron/dino
[14:29] {dino} ty, lol ron
[14:30] {RonS} Hain Celestial $HAIN sees Q1 Adj. EPS USD 0.47 - USD 0.51 vs. Exp. USD 0.55
[14:32] {+cc_9} knee jerk
[14:33] {nemo} looks like selling not over yet
[14:33] {+cc_9}  Q1 revenue $472M-$477M, cons. $466.4M." Usually the reverse.
[14:34] {+cc_9} copied from ST for HAIN
01[14:40] {&Threei}  - Allowing a default could permanently increase US borrowing costs, would hurt 401Ks and raise mortgage costs. One week of uncertainty is already hurting consumer confidence and causing businesses to rethink their planning. US can't afford these manufactured crises every few months; it hurts our credibility with the world. - Still hopeful that Congress will not put us in a position where we must prioritize the debt
01[14:44] {&Threei}  as if he was not an active participant of manufacturing those crises
[14:44] {nemo} http://bit.ly/19dGYcy
[14:44] {nemo} http://bit.ly/19dDtmc
[14:45] {nemo} all about inflicting the most pain-Democrats love us when we're not necessary sacrifices as pawns in their political game
01[14:45] {&Threei}  well, to be fair, that goes for both sides
01[14:46] {&Threei}  a pox on both, so to speak
[14:46] {Les} market doesn't appear impressed with his yapping
[14:47] {nemo} yes, but one would think the people loving democrats would make this as painless as possible...they're making it as painful as possible
[14:47] {dino} its not about doing whats right...its about votes
[14:47] {dino} getting re-elected
[14:47] {nemo} if you're claiming the higher road your actions should reflect it...hypocrisy is the rule of the day
[14:48] {RonS} wbmd needs a doctor...
[14:48] {dino} agreed. they ct like a bunch of grade school kids...he said/she said garbage
01[14:51] {&Threei}  they have easy justification nemo:
[14:52] {nemo} anybody can create a justification:  fucking twinkie defense
01[14:52] {&Threei}  for the good of people they need to get rid of repubs, so they azre willing to inflict short temr pain on those same people
[14:52] {+cc_9} HAIN closing in on LOD
01[14:52] {&Threei}  for their own good, you know
[14:53] {Les} IWM hanging on by fingernails...
[14:55] {RonS} shoo and hbi skidding...
01[15:01] {&Threei}  (US) Senate Majority Leader Reid (D-NV) confirms to introduce legislation for clean debt ceiling raise through to 2014- Notes that President Obama has put his fiscal reforms into writing, and has not yet heard a response from the GOP - Senator McCain (R-AZ): Opposed to any 'clean' and unconditional increase to the debt ceiling ; budget negotiations are needed - Senate Minority Leader McConnell (R-KY): Voters gave us a divided Govt, parties must talk
[15:03] {RonS} hey nemo, who was it?  Burr and Hamilton who knew how to settle things?
[15:03] {nemo} yeah
[15:08] {nemo} CC you seeing any setups
[15:08] {nemo} ?
[15:11] {nemo} big sell imbalances
[15:13] {nemo} 1 billion
[15:13] {RonS} algos?
[15:13] {nemo} through my buddy at kirshner
[15:13] {nemo} early big sell imbalances
[15:13] {RonS} ah
[15:15] {nemo} on the algo I watch there hasn't been a single strong stock since 9:45
[15:16] {nemo} Yum almost popped it's head up a few minutes ago,ohh here it is almost
[15:16] {RonS} reports ah i think...
[15:17] {Les} http://tinyurl.com/lrfz8he
[15:18] {Les} To my friends on the Greek left: It's sickening to watch you cheer the arrest of Golden Dawn parliamentarians.  Mark my words: You are next...
[15:18] {Les} someone in the media world gets it
[15:20] {nemo} yum turned on strong
01[15:21] {&Threei} Long Setup:  GDX  .80 break
01[15:21] {&Threei}  If holds  .70
[15:27] {nemo} GS almost flat
01[15:36] {&Threei}  shrug
01[15:36] {&Threei}  some days are better to stay in bed
[15:40] {RonS} really?  President Obama apologizes for government dysfunction | http://bloom.bg/1gnRwuB
[15:42] {nemo} well, time to go screw the dog and beat the wife
[15:44] {dino} thinking thats backwards
[15:44] {RonS} lol
[15:44] {Les} thinking thats nemo
01[15:44] {&Threei}  backwards? it's nemo
[15:44] {RonS} lol
[15:45] {RonS} "man, is that dog ugly, but the pooch is rather striking"
[15:46] {nemo} ron dino dcc
01[15:47] {&Threei}  this is a good one to puzzle ESL folks Ron
[15:48] {nemo} tomorrow should be really niteresting
[15:48] {nemo} interesting
[15:50] {Les} seeing you electrecuted would be interesting
[15:50] {Les} outta here a+
01[15:50] {&Threei}  lol
01[15:51] {&Threei}  take care les
[15:51] {dino} may be crazy, but adding small shares bofi and z. somethings got to give soon, imo
[15:52] {nemo} Gawd....if he only knew
[15:54] {+cc_9} ok mecs, a+ aussi
[15:54] {nemo} ?
[15:55] {nemo} what did CC mean?
01[15:57] {&Threei}  thank you all, have a good evening
01[15:57] {&Threei}  see you tomorrow
[15:58] {Alexs} gn ty

Oct 7 2013

Perfect start to the week, with 6 wins out of as many calls, last of them being 1:3er. What can be better than 100% day... Calls covered both long and short, and mostly usual suspects - GDX, C, CAT, FAZ, WMT...


Session Time: Mon Oct 07 00:00:00 2013
[09:00] {nemo} hey fish, aren't you supposed to be speaking korean?
[09:03] {fish_49} Wednesday
01[09:04] {&Threei}  unless govt shutdown closes airports
[09:05] {fish_49} hmmmm  I am flying out of DC I guess anything is possible.  It would be a long swim with luggage and wife...
[09:05] {nemo} Republicans stuck both barrels in their mouths on this one
[09:06] {fish_49} I agree
[09:06] {fish_49} Whats GS  doing in premarket?
[09:06] {nemo} down .84%
[09:09] {+cc_9} good morning
01[09:11] {&Threei}  cc9 :)
[09:14] {drewj} morning all
01[09:15] {&Threei}  drew :)
[09:19] {Will49} gm
[09:19] {fish_49} gm Drew
01[09:19] {&Threei}  will :)
[09:20] {drewj} hi fish
[09:21] {robbers} Take some nice pictures this weekend, Vad?
[09:21] {RonS} howdy from the land of health care bankruptcy and national debt default...
01[09:21] {&Threei}  lol ron
01[09:21] {&Threei}  definitely robbers
[09:21] {fish_49} What a large gap  Do we rally up to gap or continue south?
[09:22] {Les} you in France Ron?
01[09:22] {&Threei}  head up to my FB page for a few mind-boggling sunsets
[09:22] {robbers} Can you post the link later this morning?
06[09:22] * Les slaps fish for being funny at his expense on Friday
01[09:22] {&Threei}  https://www.facebook.com/VadymGraiferPhotography
[09:22] {fish_49} OHHH Les I forgot was it funny?
06[09:23] * Les slaps Nemo for trying to be funny at his expense
[09:23] {Les} dunno, Ron laughed. Not sure that qualifies :P
[09:24] {Les} death of one of the greats of 20th C
[09:24] {Les} http://en.wikipedia.org/wiki/Vo_Nguyen_Giap
[09:25] {RonS} similar to stock market today...giap down...
[09:25] {Les} hehe
[09:26] {Will49} :) Ron
[09:26] {Les} if washington only listens to their stock portfolio, perhaps a good slapping coming
[09:27] {ese} gm
06[09:27] * Les slaps ese around a bit with a large trout
[09:27] {ese} phew....thank you
01[09:27] {&Threei}  ese :)
[09:27] {ese} i am here ...i am here
[09:27] {ese} morning vad
[09:27] {Les} that's a pre-emptive 'I love Obama' slapping there ese
[09:28] {Alexs} gm
01[09:28] {&Threei}  alex :)
01[09:28] {&Threei}  "America has a debt problem and a failure of leadership. Americans deserve better. I therefore intend to 'oppose' the effort to increase America’s debt limit." ~ Sen. Barack Obama, March 16, 2006
01[09:33] {&Threei} Short Setup: C  .40 break
01[09:33] {&Threei}  change to .45
01[09:33] {&Threei}  If holds  .50
[09:33] {ese} lol les
[09:34] {nemo} ese, email
01[09:35] {&Threei}  1:1
[09:36] {ese} just noticed that nemo.....neil peart......easily in my opinion the best drummer in rock.....will look at that in a minute
[09:36] {fish_49} ty Vad
01[09:36] {&Threei}  yw... increasing your percentage with C :)
01[09:36] {&Threei}  Will and CAT are next
[09:36] {fish_49} yea no longer a fear
[09:36] {Will49} run away, run away
01[09:36] {&Threei}  lol
[09:36] {fish_49} I scalped it a few times last week for 6 cents each
[09:37] {drewj} i couldn't short it...says it not shortable
[09:37] {nemo} slow open...not putting any pressure on my systeem
[09:37] {fish_49} Wil go into cat with one eye closed  makes the pain half as bad
[09:37] {Will49} haha
01[09:38] {&Threei} Long Setup:  GDX  .45 break
01[09:38] {&Threei}  If holds  .35
[09:39] {dino} z getting luv
[09:40] {cipher} tna l .33
[09:40] {+cc_9} guys...the dip
[09:40] {+cc_9} you know...yea you know
[09:40] {cipher} ibb l.39
[09:40] {cipher} BTFD
[09:41] {dino} regn smr l .68 wide
01[09:42] {&Threei}  let's exit half
01[09:42] {&Threei}  a bit too sharp spike
01[09:42] {&Threei}  stop to .39
[09:43] {nemo} finnies having trouble
[09:43] {nemo} if they don't go up the indexes won't
[09:43] {nemo} that fata morgana GS is near it's lows
01[09:43] {&Threei}  now stop to .44
[09:44] {fish_49} out in full
[09:44] {fish_49} thanks Vad
[09:44] {+cc_9} }in the year 2013 of our Lord and Savior
[09:44] {+cc_9} }not buying the dip
[09:44] {+cc_9} }i sure hope you guys don't do this
[09:45] {cipher} out ibb .02 +.51
01[09:45] {&Threei}  yw fish
[09:45] {dino} z sm l .75 ave
[09:45] {fish_49} You changing to STFR  CC?
[09:45] {cipher} out tna .85 +.52
[09:45] {drewj} where is 1:2 then?
01[09:46] {&Threei}  where it awlays was, at .65
01[09:46] {&Threei}  it doesn't change
01[09:46] {&Threei}  the way we handle it may
[09:46] {dino} 07 green
[09:46] {cipher} we're goping up
[09:47] {Les} groping?
01[09:47] {&Threei} Short Setup: C  .45 break
01[09:47] {&Threei}  If holds  .50
[09:47] {cipher} -p
01[09:47] {&Threei}  lol
01[09:47] {&Threei}  Invalidated
[09:47] {cipher} afop l.20
[09:48] {cipher} tna re-entry l .95
[09:48] {+cc_9} BTFD trade }}} http://img62.imageshack.us/img62/8408/f4w8.jpg
[09:49] {cipher} 4 more points on ES to target
[09:49] {fish_49} GJ CC
[09:49] {+cc_9} ty fish!
[09:49] {+cc_9} these are days i enjoy waking up to
[09:49] {cipher} out tna .25 +.30
[09:50] {fish_49} NQ looks short
[09:50] {cipher} not yet
[09:50] {cipher} just a pullback
[09:50] {dino} out z -.25
[09:52] {cipher} SSO l.26
[09:54] {cipher} out afop .59 +.39
01[09:58] {&Threei} Short Setup: CAT  .55 break
01[09:58] {&Threei}  If holds  .65
01[10:00] {&Threei}  Will, this should help you cope... https://www.facebook.com/photo.php?fbid=588752701146380&set=a.531889226832728.115382.531815893506728&type=1&theater
01[10:00] {&Threei}  1:1
[10:01] {cipher} out sso .20 -.06
[10:01] {fish_49} ty Vad
01[10:01] {&Threei}  yw
[10:01] {Will49} Das had us resetting platform due to problems shorting--so i missed CAT
01[10:01] {&Threei}  ugh
[10:02] {fish_49} hahaha
[10:02] {fish_49} sure it did will
[10:02] {Will49} platform has had problems right from opening
[10:04] {cipher} TNA  l.50
[10:04] {cipher} SSO L.16
[10:04] {nemo} gdx
[10:06] {cipher} NXST L.44
[10:06] {cipher} BTFD
[10:07] {+cc_9} Now you get it
[10:07] {+cc_9} slight pullback ? btfd
[10:07] {cipher} 2 more points to target on ES
[10:07] {+cc_9} IWM lagging behind SPY, should get a nicer push
[10:08] {cipher} big boys games
[10:09] {cipher} 1 more pt
[10:09] {fish_49} how did I miss the ES trade grrr
[10:10] {fish_49} GJ cipher and good call on NQ
[10:10] {cipher} no idea fish
[10:10] {cipher} just follow the tape
[10:10] {cipher} big money
[10:11] {cipher} final spike coming soon
[10:11] {cipher} then pullback
[10:11] {cipher} spike :)
[10:12] {ese} nemo ya there?
[10:12] {+cc_9} go SPY go
[10:12] {+cc_9} IWM being a mule
[10:12] {Will49} so there you go
[10:13] {+cc_9} I read the first letters of the ECNs on TNA and they read
[10:13] {+cc_9} "you must sell first before it goes up"
[10:13] {+cc_9} they know...
[10:14] {cipher} out tna .99 +.45
[10:15] {ese} nemo?
[10:15] {cipher} out SSO.67 +.51
[10:15] {cipher} this is it
01[10:15] {&Threei} Short Setup: WMT  .15 break hl
[10:15] {cipher} for now at least
[10:15] {ese} c    good one
01[10:15] {&Threei}  If holds  .25
[10:15] {cipher} out NXST .83 +.39
[10:17] {cipher} my ES trade made my month
01[10:17] {&Threei}  1:1
01[10:18] {&Threei}  wtg cipher
[10:18] {cipher} thx
[10:18] {cipher} ese size
[10:18] {ese} ouuuuuuu awesome
[10:18] {cipher} learning from the best :)
[10:18] {Will49} good on ya cipher
[10:18] {ese} that would be dino and vad
[10:19] {ese} nemo?
[10:19] {nemo} ese??
[10:19] {cipher} sure took bits and pieces from all of you
[10:20] {dino} gj
[10:20] {ese} finished watching that peart interview.......it was terrific....thats a man that i have alot of respect for
01[10:20] {&Threei}  careful with nemo's bits and pieces, they are soaked in mercury and cyanide
[10:20] {nemo} brilliant guy
[10:21] {nemo} they are a remarkably skilled group also
[10:21] {ese} am going to show my high school RB band that interview
[10:21] {nemo} true artist
[10:21] {ese} he is a very briliant guy
[10:21] {ese} yes indeed
[10:21] {nemo} genuine...I want to get that book he wrote about his sojourn after his wife and daughter died
[10:22] {cipher} DECK l .67
[10:22] {ese} the fellow who did the doc on Rush "Behind The Lighted Stage" is SAm Dunn....he was the first Bass Player of my high school band the Vic High R&B band
[10:22] {ese} 1990/91
[10:23] {nemo} yeah, I'll have to watch that too
[10:23] {nemo} gruind up again
[10:23] {fish_49} NQ filled Gap
01[10:23] {&Threei}  GDX returned to uts reverse mode
[10:24] {ese} it's very good............all rock bands should be like those guys in terms of the way they get along...professional attitude....there are just so many things they do right
[10:24] {nemo} makes sense with the indexes grinding up
01[10:24] {&Threei}  yes but in the morning it went with SPY
[10:25] {ese} spy approaching pivot....break through that and it should be an up day
[10:25] {nemo} like a hedge, now it's off
[10:25] {nemo} here were the spy fas levels this morning:  http://bit.ly/17bEI3o
[10:26] {cipher} out DECK .77 +.10
[10:26] {cipher} calling it a day
[10:26] {cipher} cya
[10:27] {dino} gj
[10:27] {Will49} adios cipher
01[10:27] {&Threei}  take care cipher
[10:33] {dino} lqdt hl l .00
01[10:37] {&Threei} Short Setup: CAT  .45 break
01[10:39] {&Threei}  Invalidated
[10:41] {Will49} just tryin' to keep me awake Vad?
[10:41] {dino} z sm l .51
01[10:41] {&Threei}  lol
01[10:41] {&Threei} Long Setup:  FAZ  .75 break
01[10:41] {&Threei}  If holds  .65
[10:41] {fish_49} Out WMT  thanks Vad
01[10:43] {&Threei}  :)
01[10:50] {&Threei}  changr to .70 break
01[10:50] {&Threei}  If holds  .65
[10:53] {drewj} no go?
01[10:56] {&Threei}  ?
01[10:56] {&Threei}  invalidated
[10:58] {dino} lqdt stop .72 -.28
01[11:00] {&Threei}  http://www.buzzfeed.com/juliapugachevsky/foods-russians-grew-up-with
01[11:01] {&Threei}  FAZ got away
[11:01] {fish_49} I see that
[11:01] {fish_49} took it's time to decide
01[11:05] {&Threei} Short Setup: WMT  72 break
01[11:05] {&Threei}  If holds  .10
[11:05] {fish_49} Strong winds in Russia today?
[11:05] {fish_49} Had a problem keeping the torch burning
[11:08] {Les} I heard Putin sold the gas to Germany
[11:12] {nemo} 168.18 is 50 day on spy
[11:12] {nemo} I lied:  .16
01[11:16] {&Threei}  - Hopes of progress on the fiscal logjam were dashed over the weekend as President Obama and the Congressional Republican leadership retreated to inflexible positions on Sunday talk shows.
[11:16] {Les} seriously...? talk shows?
[11:21] {fish_49} someone step on WMT for another penny
01[11:22] {&Threei}  1:1
[11:22] {fish_49} 1:1
[11:23] {fish_49} out here  thanks vad +13
[11:23] {jdetente} morning gentleman
[11:23] {fish_49} JD
[11:23] {jdetente} how's the day been?
[11:23] {fish_49} awesome
01[11:23] {&Threei}  jd :)
01[11:24] {&Threei}  4:4, or 5:5... my math is fuzzy, as demonstrated by alex on friday
[11:24] {jdetente} sweet!
[11:24] {fish_49} Vad had his fix of the new camera this weekend.  Came to work this morning ready to work...
[11:24] {Alexs} 5:5 today :)
01[11:25] {&Threei}  thanks alex, I rely on you to keep me on a straight path
01[11:25] {&Threei}  because when I try to count fingers on my hands 3 times, I get 4 different results
[11:25] {Alexs} lol
[11:26] {fish_49} Alex  good in math calculating all the sharing he needs to collect on
[11:27] {Alexs} all progressives are good in math
[11:27] {jdetente} always calculating how they get over on the rest of society??
01[11:27] {&Threei}  hehe
[11:28] {jdetente} chin in air
[11:28] {jdetente} sticking out waiting to get popped
[11:31] {Alexs} I hope to win Nobel Prize in economics calculating Vad's trades
[11:36] {nemo} wow spy volume only 38 mil
[11:44] {fish_49} what was the deadline for the debt ceiling?  October 17?
[11:46] {dino} thats what they say, but there are ways around it
[11:53] {Will49} excellent morning Vad
01[11:54] {&Threei}  :)
[11:54] {Will49} going to catch some rays...see ya tomorrow
01[11:54] {&Threei}  take care will
[11:54] {RonS} ntes blood
[12:02] {dino} ntes sm l .90
[12:05] {+cc_9} NTES volume slowing down
[12:09] {RonS} pool closed?
[12:09] {Will49} finally got an ethernet connection !
[12:09] {Will49} the wifi is terrible here
[12:09] {Will49} so, just testing for tomorrow
[12:10] {Will49} peace Ron
[12:11] {Les} will wants his cake and eat it too hey. poolside trader...
[12:16] {dino} deck sm l .97
[12:23] {fish_49} My Students are very happy today and wish to extend a big thanks to Vad
[12:23] {nemo} are you sharing with Vad?
01[12:23] {&Threei}  cool beans
[12:24] {fish_49} On this note , I'm done trading for a month or so...  Great way to finish out
01[12:27] {&Threei}  have a safe trip. fish
[12:27] {fish_49} thanks  see you all when I get back
[12:27] {fish_49} someone keep an eye on the earnings of Alex  I fully expect my share when I return
01[12:29] {&Threei}  well, the problem is, someone has to calculate that, and that person is Alex too
[12:29] {Alexs} :)
[12:37] {dino} out ntes ave .20, +.30, thks for heads up ron
[12:38] {RonS} np
[12:56] {Les} wmt caving
01[13:11] {&Threei}  (US) Senate Democrats preparing legislation to allow president Obama to raise the debt ceiling; 2/3 would be required to block the bill
01[13:12] {&Threei}  (US) President Obama: eager to sit down with Republicans to discuss healthcare and other issues after the debt ceiling has been raised
01[13:12] {&Threei}  eager, eh?
01[13:12] {&Threei}  I am sure the notes for his speech will be "nyanya nyanyanya"
01[13:13] {&Threei}  (US) China Fin Min Lou Jiwei: China makes the reasonable demand that the US guarantee the safety of its investment in US assets, failure to raise the debt ceiling would have global ramifications
[13:17] {Les} iwm dt?
[13:18] {Les} at the vwap
01[13:18] {&Threei}  at 105.90?
01[13:18] {&Threei}  yes but hindsight is, you know... :)
[13:18] {Les} no here
[13:18] {Les} 106.15 is vwap
01[13:18] {&Threei}  oh, dt
01[13:18] {&Threei}  nah
01[13:19] {&Threei}  in 2006, ALL DEMOCRATS in the Senate voted AGAINST RAISING THE DEBT CEILING, final vote 52-to-48
[13:19] {Les} k noticed the price spike on first go
[13:19] {Les} vol. spike
[13:25] {Les} could turn into jbe if they wanna ram it up
[13:33] {RonS} lol...no wonder nemo is quiet...‘Sugar Daddy’ Dating Sites Say Government Shutdown A Huge Boost To Sign-Ups  http://cbsloc.al/GJ1QjN
01[13:35] {&Threei}  lol
[13:38] {nemo} not bad
[13:38] {Les} Nemo permitted age group for that site?
[13:39] {nemo} ?
[13:39] {Les} sugar babes for geriatrics?
[13:41] {RonS} guess aussies don't have the expression...
[13:41] {nemo} Les wouldn't know, he's a shortbusser
[13:41] {Les} fizzle
[13:42] {Les} http://www.urbandictionary.com/define.php?term=short%20busser
[13:43] {Les} yeh I'm a retard
[13:43] {Les} in the right place
[13:45] {nemo} he had to look it up
[13:45] {Les} short bus... only in america
[13:46] {RonS} check drudgereport.com for pix of Putin getting his sugar daddy on...
01[13:51] {&Threei}  why not, he is single now
[13:53] {RonS} "Honey, I'm too old for you, and you're too old for me."
01[13:53] {&Threei}  love that one
[13:54] {RonS} ya, classic...
[13:56] {+cc_9} DECK reversal
[13:56] {RonS} 64 break should get 50 cents short cover rally...
[13:58] {RonS} some analyst at a firm never heard of complaining that they are starting to use a sheepskin subsitiute...
[13:58] {RonS} guy on twitter sayd maybe they are after the Peta market...hehe...
[13:58] {RonS} says
[14:01] {Les} "I was laughing at Boehner -- until the mail came today,"
[14:01] {Les} Obamacare bill time...
[14:02] {nemo} I'm seeing alot of people on my twitter feed claiming their premiums are doubling and tripling
[14:06] {RonS} ya, going to have to drop coverage here...
01[14:06] {&Threei}  seriously?
[14:06] {nemo} Vad, this system is gonna' cause major dislocations for years
01[14:07] {&Threei}  I have zero doubt about that
[14:07] {nemo} Goes back to my comments about reeingineering craze in the 90's
[14:07] {nemo} 80+% of COMPANIES that undertook major reeingineering efforts FAILED
[14:08] {nemo} they're trying to reengineer an entire industry
[14:08] {RonS} 17% of US economy...
[14:09] {nemo} what's worse, is the political environment is a factor that, although there were internal corporate politics in that effort, their's were not nearly as complicated as the US political system
[14:09] {RonS} screw all of them, will bet my life, but stop the rape...
[14:11] {dino} they can't even run medicare and medicaid profittably, what makes you think they can take over the rest of it
01[14:13] {&Threei}  well... this guy's election promised to be a disaster, and that's one promise he does his darnest to keepo
[14:14] {Les} he's helping to strangle the US consumer
[14:14] {RonS} those who do pay won't be able to buy other things...US will go into recession...employment will go up 'cause no full time jobs...
[14:15] {dino} well thats the kicker, 30 hours considered full time now because of obamacare, so schools and businesses are cutting hours back under 30
[14:15] {nemo} I love this one:  http://bit.ly/GJakaF  of course fucking with WWII vets was o.k.  This is more politically correct.
[14:15] {RonS} but at least one good thing...
[14:15] {RonS} ...it will be Bush's fault...just ask ese...
[14:18] {RonS} CA allowing illegal immigrants to practice law now...beam me up Scotty...
[14:18] {nemo} I know it would probably be the end of me also, but I'm almost hoping for a Carrington Event
[14:19] {+cc_9} DECK $64 test
[14:19] {nemo} should get back to 64.50 at least if the indexes stay strong
[14:19] {RonS} do tell nemo por favor...
[14:19] {nemo} look it up...
[14:20] {nemo} http://bit.ly/GJbd31
[14:20] {nemo} we get one of these today, society in the US is over
[14:20] {RonS} oof, that was bad...
[14:21] {nemo} almost every computer and network in the country, including the ones in your cars and trucks, would cease to work
[14:21] {nemo} electric grid toast
[14:21] {nemo} telegraph wires melted
[14:22] {nemo} no planes, no trains...nothin'
[14:22] {nemo} DEAD DEAD DEAD DEAD DEAD
[14:23] {nemo} then we'll see human nature at it's altruistic best
[14:23] {nemo} ;-)
01[14:23] {&Threei}  3 days
[14:23] {nemo} yep, average supermarket has three days of food...but water systems will shut down, well pumps, everything
[14:23] {Les} mail order me some AR's with ammo will ya
01[14:24] {&Threei}  that's how long it takes for the crowd to go from "we are in this together" to "I'll survive at any cost, including your life" in a disaster
[14:24] {Les} don't think the Titanic took 3 days to get people in that state :)
[14:25] {nemo} Keep lotsa' salt in storage, you want to kill butcher and salt as many of your neighbors as possible before they rot
01[14:25] {&Threei}  titanic case had very limited time frame
[14:25] {nemo} the salt will actually accentuate the naturally sweet taste of human flesh
01[14:26] {&Threei}  I am talking about situation when disaster strikes and leaves people with no access to conventional sources of sustenance
[14:26] {+cc_9} DECK closing it on that $64
[14:26] {nemo} Yeah, I remember that airplane crash in the 70's for some soccer team in the Andes
[14:26] {nemo} they ended up eating their compatriots
[14:27] {nemo} The Pope absolved them
[14:27] {Les} cool so it's legal then
[14:27] {nemo} http://imdb.to/GJc5EL
[14:28] {nemo} well considering their position on alter boys, what are they going to say?
[14:28] {nemo} altar
[14:29] {Les} you goin' straight to hell for that one
[14:29] {nemo} think deck looks short here...moment of truth
[14:29] {Les} yeh
[14:29] {nemo} I'd rather spend eternity with my friends
[14:33] {+cc_9} nemo, it was a rugby team
[14:33] {nemo} fine
[14:33] {+cc_9} they had to eat man butt jerkey to survive. there is an old movie about it
[14:34] {nemo} cc get with the program:  [14:28] {nemo} http://imdb.to/GJc5EL
[14:34] {+cc_9} yes, that one, seen it too many times
[14:34] {+cc_9} nemo, sorry just checking in
[14:35] {nemo} that's o.k. I enjoy it when you stick your chin out like that
[14:36] {+cc_9} DECK looking dogish
[14:36] {+cc_9} no break
[14:36] {+cc_9} sideways action
[14:38] {+cc_9} 14:25 nemo Keep lotsa' salt in storage, you want to kill butcher and salt as many of your neighbors as possible before they rot
[14:38] {+cc_9} brb guys
[14:38] {dino} cp hl s .90
[14:40] {nemo} spy just walking along the 50 sma
[14:43] {+cc_9} DECK fading like a dog
[14:47] {RonS} sorry in advance...swooning like a sheep in Les' embrace?...
[14:48] {RonS} if Will was here would say that was...baaaddd...
[14:48] {nemo} nice Ron!
[14:49] {nemo} wish I'd thought of that
[14:49] {+cc_9} DECK @ LOD range
[14:50] {Les} lol
[14:55] {dino} deck hl l .30
[14:57] {dino} cp will not drop, cov .88 +.02
[14:57] {dino} z l .25 hl
01[15:21] {&Threei} Long Setup:  FAZ  .75 break
01[15:21] {&Threei}  If holds  .65
[15:23] {+cc_9} DECK coming back, market falling
[15:23] {+cc_9} lovely
[15:25] {dino} out deck .55 +.25
[15:27] {nemo} 65 million spy traded
[15:29] {+cc_9} DECK some vol now
01[15:34] {&Threei}  1:1
[15:34] {nemo} GS at it's lows
[15:45] {+cc_9} should be a tricky close, im thinking snap back up
[15:45] {+cc_9} we close } $168
01[15:46] {&Threei}  1:2
01[15:46] {&Threei}  life is better and better
[15:46] {Alexs} nice call Vad
[15:46] {nemo} not seeing it CC, looks like they might sell this into the close
[15:47] {nemo} this is last price support until lows here
01[15:47] {&Threei}  ty alex
[15:48] {Les} yeh great discipline
[15:49] {Les} digging up old hobbies waiting for EoD call:
[15:49] {Les} http://mangafox.me/manga/kannagi/v01/c005/27.html
[15:50] {nemo} they've been rallying into the close last few days, they need to change it up
[15:51] {Les} never was much for drawing but ignored the jellyfish something couldn't do previously
[15:51] {Les} jellyfish trading range
[15:51] {nemo} fit's your intellectual state
[15:52] {nemo} fits
[15:52] {Les} hey if vad says thats criteria for working here who are you to say otherwise
01[15:53] {&Threei}  5 min FAZ... give us 1:3
[15:53] {nemo} "give"  you Socialist
[15:54] {+cc_9} Going long SPY here into the close
[15:54] {+cc_9} 5min trade
[15:54] {+cc_9} long shot, but lets see if the bots come in last 2 mins
[15:55] {Les} .50 db maybe...
[15:55] {+cc_9} im trying for SPY 167.90 tgt
[15:55] {+cc_9} looong shot
[15:56] {+cc_9} 3mins on the clock, .30 to go, tough one
[15:56] {nemo} yeah, considering they've been rallying into the close, changeup time
[15:57] {+cc_9} lets get some .70s
[15:58] {+cc_9} nope
[15:58] {+cc_9} fail EOD
01[15:58] {&Threei}  OK
01[15:58] {&Threei}  out 30.02
01[15:59] {&Threei}  close enough to 1:3
01[15:59] {&Threei}  thank you all, have a great evening
01[15:59] {&Threei}  see you tomorrow
[15:59] {+cc_9} dumped for -.24
[15:59] {Alexs} very nice ty gn
[15:59] {+cc_9} a demain
[15:59] {drewj} ty vad
[15:59] {Les} eh oui

Market Week Wrap-up

TradeTheNews.com  Weekly Market Update: Welcome to the Shutdown

- For the first time in 17 years, most of the federal government has been shut down as Congress failed to pass a budget or a short-term funding resolution before the new fiscal year began on October 1st. House Republicans wanted to delay or defund Obamacare in exchange for budget funding, and were preparing to demand more spending cuts in exchange for raising the debt ceiling later this month. There has been little in the way of negotiations between Republicans and Democrats, although by Friday there were faint hopes that some sort of 'grand bargain' could be struck that might resolve both the budget and debt ceiling issues in one big deal. The greenback has been a big casualty of the shutdown, but 10-year yields are pretty steady around 2.6% and both the Nasdaq and S&P500 have not really suffered, although the DJIA is lower on the week. The September US jobs report was not published, shifting attention to the ADP report, which at +166K missed expectations of +180K. In other data, the September ISM manufacturing report hit its highest level since April 2011, while the ISM non-manufacturing index dropped to 54.4 after a very strong August report. For the week, the DJIA lost 1.2% and the S&P500 shaved off 0.1%, while the Nasdaq gained 0.7%.

- By all accounts, the Republican Congressional leadership provoked the current shutdown without a clear plan for achieving their goals. Indeed, the leadership has significantly moved away from its initial objective of defunding Obamacare as the shutdown has dragged on. President Obama and Senate Majority Leader Reid have dismissed even small changes to the Affordable Care Act and have not budged on their condition that the House pass a clean short-term funding bill before negotiations over the debt ceiling can begin. By Thursday there were signs that moderate Republican representatives were pressuring House Speaker Boehner to bring a clean funding bill to the floor for a vote, implying that they could vote with the Democrats to pass the measure. Boehner continues to refuse to authorize a vote, but with markets looking nervous about the debt ceiling, he has reportedly told his caucus that he will not allow the US to default on its debt, even if raising the debt ceiling requires Democratic votes.

- After dropping to around 2.60% from just shy of 3.00% over the course of September, the yield on the 10-year UST has remained little changed this week. Money managers are getting out of USTs maturing closest to the debt-ceiling deadline and buying longer-maturity bills: one-month rates climbed as high as 0.16% yesterday, while rates on three-month bills were 0.02%, the biggest inversion of the spread since September 2008.

- Thanks to the government shutdown, the Labor Department's BLS did not publish the September US jobs report that had been scheduled for Friday. The consensus expectations were for nonfarm payrolls of +180K and an unemployment rate of 7.3%. As a result, greater attention is being paid to other employment indicators this week. Weekly initial jobless claims were 308K, while the four-week moving average fell to 305K, the lowest level since May 2007. The September ADP report indicated companies added 166K to private payrolls, while the August figure was revised to 159K from 176K prior. The employment sub-indices in the September ISM non-manufacturing and manufacturing reports provided direction: in the services index, employment fell to 52.7 (its lowest level since May) from 57.0 in August, while in the manufacturing index employment climbed to 55.4 from 53.3 in August.

- The first major storm of the hurricane season to hit the Gulf Coast has begun disrupting energy production in the region. Tropical Storm Karen formed between Cuba and the Yucatan Peninsula, causing oil and gas companies to start shuttering their rigs as a hurricane watch is in effect in certain parts of the eastern Gulf coast area. After oil traded as low as $101 on Syria's compliance with its agreement give up its chemical weapons, WTI crude traded toward $104 on Friday.

- In a slow month, Ford and Chrysler reported solid gains in US September sales results. Ford sales rose 5.7% to 184K and Chrysler deliveries rose 0.7% to 143K, while General Motors sales declined 11%. A Ford sales executive said overall Q3 industry sales rate hit its best level since 2007. The new darling of the auto industry, Tesla, experienced its first bump in the road this week after the video of a Model S electric sedan in a fiery accident went viral. Shares fell 10% over two days on the media coverage of the incident, though Tesla moved quickly to say that the fire did not reach the passenger compartment and that the accident would have been much worse in a vehicle with a gasoline tank.

- Twitter made public its IPO filing, revealing plenty of data about its business and its expectations. In 2012, Twitter reported a net loss, though it tripled its revenue to $317M, or less than one tenth of Facebook's 2012 revenue. Twitter says it has 218M monthly active users, but it did not address how many of those are fake accounts.

- Activist investor Dan Loeb's Third Point Partners went after Sotheby's this week. Third Point hiked its stake to 9.28% and wrote a letter calling for its CEO to step down. On Friday, Sotheby's adopted a poison pill to deter for any single investor from owning more than 10% of the company. It noted that "rather than debating incendiary and baseless comments, we are focused on serving our clients' needs." Meanwhile, Pershing Square's Bill Ackman finally eased up on his big Herbalife short, reportedly choosing to cut the equity position by over 40% and replace it with long-term derivatives.

- The US government shutdown has weakened the greenback against most major pairs. After trading in a 1.3460 to 1.3565 range since the no-taper September FOMC meeting, EUR/USD moved higher, including a jolt up past 1.3600 on Wednesday during the ECB press conference. There were no surprises at the ECB rate decision, but Draghi's less dovish tone aided euro strength. In addition, Draghi reiterated that the ECB was seriously considering another LTRO. Speculation about a possible debt limit deal or "grand bargain" budget agreement in the US took the pair lower on Friday as UST yields started rising again.

- USD/JPY drifted to one-month lows below the 97 handle as the shutdown continued. Japan PM Abe confirmed that the government would hike the consumption tax from 5% to 8% in April 2014, but there was some disappointment after the government said it would consider cutting corporate tax rate.

- Italian PM Letta won a series of victories against Silvio Berlusconi this week. Coming into the week, Berlusconi was threatening to pull his PdL party from the governing coalition and topple the government over efforts remove him from the Senate (following his tax fraud conviction). A dissident faction within the PdL refused to plunge Italy back into crisis and offered their support for the government in a vote of confidence, undercutting Berlusconi, and PdL leaders instructed the party to preserve the government rather than destroy the PdL. On Friday, an Italian Senate committee recommended that Berlusconi be stripped of his position in the legislature. A final vote in the full Senate is planned within the next 20 days.





TradeTheNews