June 25 2013

Decent morning followed by incredibly boring afternoon. Very slow action, probably taking a breather after last week's activity.

[09:06] {bbobr} gm
[09:07] {cipher} gm
01[09:07] {&Threei}  morning bbobr, cipher
[09:08] {+cc_9} Good morning folks
01[09:08] {&Threei}  cc9
[09:10] {nemo} bull flags on the indices
[09:12] {+cc_9} 15min SPY coiling, ready to burst @ 158.45
[09:13] {nemo} yeah, gap close coming
[09:14] {ese} morning
[09:14] {dptl} gm
[09:15] {ese} dddddddddddppppppppppppp!!!!!!!!!!!!
[09:15] {dptl} :)
[09:17] {backman} gm
01[09:17] {&Threei}  ese, dp, baclman :)
01[09:18] {&Threei}  ese, look dcc pls
[09:18] {Alexs} gm
01[09:18] {&Threei}  alex :)
[09:19] {Will49} gm
01[09:19] {&Threei}  will :)
[09:20] {+cc_9} there it goes, strong pre-M so far
[09:22] {jdetente} Good morning all
[09:22] {RonS} ditto everyone
[09:23] {ese} vadd dcc please
01[09:23] {&Threei}  jd, ron :)
[09:25] {dino} gm
01[09:26] {&Threei}  dino :)
[09:27] {nemo} looks like they shut off the spy algo
01[09:31] {&Threei} Long Setup:  FCX  .15 break
01[09:31] {&Threei}  If holds  .10
01[09:31] {&Threei}  too fast?
[09:31] {robbers} Yep.
[09:31] {Will49} haha
01[09:32] {&Threei}  merciful pullback
01[09:34] {&Threei}  1:1
01[09:34] {&Threei}  that was really nice of it to come back for us
01[09:40] {&Threei} Long Setup:  GLD  .90 break
01[09:40] {&Threei}  If holds  .80
01[09:41] {&Threei}  Invalidated
01[09:42] {&Threei} Short Setup: FCX  .20 break
01[09:42] {&Threei}  If holds  .25
[09:45] {dino} kss sm l .23
01[09:47] {&Threei}  dino, cipher... watching WAG?
[09:47] {dino} yes
[09:47] {dino} pretty bad report
[09:48] {cipher} will be now
01[09:50] {&Threei}  pretty slow opening... scanner barely moving
[09:51] {dino} gap up, sit
[09:51] {ese} L srpt .35
[09:51] {ese} wide.....a little dangerous
[09:52] {dino} thats nothing, :)
[09:52] {ese} i believe you
01[09:53] {&Threei}  was really tempted to short WAG around .80...
01[09:54] {&Threei}  FCX half out
01[09:54] {&Threei}  stop to .21
[09:55] {+cc_9} this pullback is a headfake imo, scaling long SSO on this SPY drop
[09:56] {ese} rather like these ones that don't folow the mrkt
[09:57] {ese} needs to break .50
[09:57] {ese} srpt
[09:58] {+cc_9} new home sales #s
01[10:00] {&Threei}  *(US) JUN RICHMOND FED MANUFACTURING INDEX: 8 V +2E
01[10:00] {&Threei}  *(US) MAY NEW HOME SALES: 476K V 460KE
01[10:00] {&Threei}  *(US) JUN CONSUMER CONFIDENCE: 81.4 V 75.1E
[10:00] {ese} numbers good
[10:00] {dino} indeed
[10:00] {ese} at least on the surface
[10:00] {nemo} selling
01[10:01] {&Threei}  richmond fed looks very weird
01[10:01] {&Threei}  look:
01[10:02] {&Threei}  - Shipments 11 v 8 prior - Volume of new orders: 9 v -10 prior - Order backlog -1 v -11 prior - Number of employees: 4 v -3 prior - Wages: 12 v 6 prior
[10:02] {ese} well then
[10:03] {+cc_9} 09:55 cc_9 this pullback is a headfake imo, scaling long SSO on this SPY drop
[10:03] {+cc_9} :D
[10:03] {+cc_9} boom!
[10:04] {+cc_9} out SSO
[10:06] {nemo} tlt isn't holding up
[10:06] {dino} out kss flat
01[10:07] {&Threei} Long Setup:  GDX  .75 break
01[10:08] {&Threei}  If holds  .67
[10:11] {dptl} out
[10:13] {dptl} CNX .90 break short
01[10:16] {&Threei} Short Setup: CAT  .30 break
01[10:16] {&Threei}  If holds  .40
[10:17] {Alexs} hl?
01[10:17] {&Threei}  2/3...
[10:17] {Alexs} lol
01[10:17] {&Threei}  usually it's a hl stock but today is slower than normal
01[10:18] {&Threei}  1:1
[10:18] {robbers} cat
01[10:18] {&Threei}  1:2
[10:18] {dptl} out 1/3 cnx
01[10:19] {&Threei}  crap... why did I abandon my favorite song
[10:20] {Alexs} never late
[10:20] {Will49} good one Vad
[10:21] {robbers} Nice morning, thanks Vad.
01[10:21] {&Threei}  .85 break was the only more or less readable short setup on GDX, and even that was quite questionable
[10:21] {dino} sgen drop
01[10:21] {&Threei}  yw
01[10:21] {&Threei}  then .65 but really felt like stretching it
[10:22] {dino} sgen sm l .90
01[10:22] {&Threei}  that richmond fed looks like just a bad unreliable data... these things cannot be this volatile
[10:22] {ese} stopped srpt .01 -.34
[10:22] {ese} daaaaaaaaaa
[10:23] {Will49} you mean nyet
[10:23] {ese} egggzactilly
01[10:23] {&Threei}  lol... russian lessons don't go wasted
[10:23] {Will49} vodka lessons too
[10:24] {nemo} htrya jopa
[10:24] {nemo} svena madka
[10:24] {nemo} pisdah
[10:24] {dptl} lol stop it Nemo, i am in trade lol
[10:25] {nemo} pryvet malish
01[10:25] {&Threei}  gentleman vocabulary, eh
[10:25] {dino} out sgen .90, +1.00
01[10:25] {&Threei}  wtg dino
[10:25] {Will49} khorosho dino
[10:25] {dino} ty
01[10:27] {&Threei} Long Setup:  TZA  34 break
01[10:27] {&Threei}  If holds  .90
[10:29] {+cc_9} lookit this SSO last snag (click) }}} http://img832.imageshack.us/img832/756/xuoe.jpg
[10:30] {dino} sgen drop again
[10:30] {ese} whoaaaaa dino nice sgen.......any opinions on wag?
[10:30] {dino} wag ranging 44.50 to 45.05
[10:30] {dino} so i like 44.50
[10:31] {ese} tks
[10:31] {bbobr} nemo, was that Canadian dialect ?
01[10:32] {&Threei}  lol
[10:32] {Will49} far from a Cdn as you can get
[10:32] {Will49} nemo that is
[10:32] {bbobr} lol
[10:38] {nemo} actually, I suppose it's closer to Canada than mainland US
[10:38] {+cc_9} SSO lovely bounce
[10:38] {ese} L srpt .02
[10:42] {ese} dino?  is your your gut sense that wag will come back to 44.50.....
[10:44] {dino} yes
[10:44] {Les} hi what we in?
[10:44] {Will49} limbo
[10:44] {ese} top secret les.............we tell ya we gotta kill ya
06[10:45] * Les slaps ese around a bit with a large trout
[10:45] {dino} nothing
[10:45] {+cc_9} 09:55 cc_9 this pullback is a headfake imo, scaling long SSO on this SPY drop
[10:45] {+cc_9} My trade for today is now complete. All flat.
[10:45] {ese} with a large glass replica of an AK47.......we inject vodka into you
01[10:46] {&Threei}  we just need a syringe adapter
[10:46] {Les} make it a large guage needle
01[10:48] {&Threei}  wouldn't haver it any other way
01[10:49] {&Threei} Short Setup: GDX  .55 break
[10:50] {dptl} .65 stop?
[10:50] {ese} auch nu aye......and ye no come back again y alittle bastard out srpt .46 +.44
01[10:50] {&Threei}  yeah
[10:51] {ese} that ell teach ya ta take me fera .34
[10:52] {ese} mangey little no good fer nuttin crawlin lower than a snakes belly in a wagon rut stock ya!!!!!!!!!
[10:52] {Les} you talking to me ese?
[10:52] {ese} nah......the stock
[10:53] {ese} little blighter took me fer .34 earlier................last trade was a revenge trade with feeling
01[10:53] {&Threei}  stop to .61
01[10:53] {&Threei}  was 1 cent from 1:1
[10:53] {dptl} yeah
[10:54] {dptl} out
[10:54] {Les} gld cup and handle
[10:54] {Les} at vwap resistance
[10:54] {+cc_9} SPY blew up, awesome reversal for those that went long on the drop :)
[10:55] {+cc_9} *gloat*
[10:55] {dino} lol
[10:56] {ese} gloat?  how do you spell that?
[10:57] {RonS} cc trades w/ this in background:  http://www.youtube.com/watch?v=ggaKJyx_iRU
[10:57] {+cc_9} Does anyone really ever buy the LOD ? Yes *gloat* }}} http://img580.imageshack.us/img580/4011/vmew.jpg
[10:57] {+cc_9} lol Ron
[10:58] {ese} well maybe.................depends on whether your talking to nemo or les..........thats usually the low of the day
[10:58] {RonS} rotflol...
[10:59] {dino} lol
[10:59] {RonS} ...classic ese...
[10:59] {Will49} otlichno ese
[10:59] {Les} lol
[10:59] {ese} tks.......its the reason i spend money to be on this board..........waiting...stalking an opportunity like that
[11:00] {dptl} thats it, Will speaks russian
[11:01] {Will49} i was converted on sat
[11:01] {dptl} i guess lol
[11:01] {ese} man that ain't Russian....he's not that intelligent....thats some kinda.....somthin or other
[11:01] {Will49} even do shots like you taught me
[11:01] {dptl} there you go :)
[11:01] {Will49} told you ....mucho brain cells destryed
[11:02] {dptl} lol
[11:03] {dino} wag sm l .34
[11:08] {Les} potential DT spy
[11:08] {ese} L srpt .50
01[11:08] {&Threei}  anyone wants to hear music cc9 uses as a background for trading?
01[11:08] {&Threei}  he says it helps and motivates him
[11:09] {ese} yup
[11:09] {dino} not really into opera
01[11:09] {&Threei}  http://www.youtube.com/watch?v=Jp-gX5C3vZI
[11:09] {ese} ouch...nice dino
[11:09] {dino} ;)
[11:09] {dptl} lol
[11:09] {Les} crazy stuff from waits
01[11:09] {&Threei}  Komme nie zu spät, sei pünktlich! (Never come too late, be on time!)
[11:09] {ese} too funny
[11:09] {Will49} yeah
[11:12] {dino} cmlp spike
[11:22] {dino} out wag .42, +.08
[11:26] {Les} http://tinyurl.com/prcxzqk
[11:28] {Les} interesting sell side client research note:
[11:29] {Les} http://tinyurl.com/mf6aydt
[11:29] {Les} can't be more succint than that in advice
[11:32] {Les} hmmm Merkel sending new signals for the voting public come September?
[11:32] {Les} http://www.spiegel.de/international/europe/german-chancellor-merkel-cools-on-european-integration-a-907339.html
[11:33] {dptl} P .20 long?
[11:34] {dptl} got away
01[11:34] {&Threei}  ummm
[11:34] {Les} support a tad far dp
[11:34] {Les} could be short here
[11:35] {RonS} 3i did you see that new use for your bacon fat?
[11:35] {Les} new fuel for unlimited energy consumption?
[11:37] {RonS} some company making pork fat dipped bullets to kill Muslims then they will not get into heaven...
01[11:37] {&Threei}  lol
[11:37] {Les} lol
[11:38] {RonS} really strange company name though..NEMO Enterprises...
[11:38] {dptl} must be ukrainian company
[11:39] {jdetente} only if it's chocolate covered
[11:39] {dptl} lol right
[11:39] {jdetente} salo that is
[11:41] {Les} short sellers reluctant to pile on. sounds bearish
01[11:47] {&Threei} Long Setup:  TZA  .91 break
[11:47] {Les} lol was admiring the .75 recross
01[11:47] {&Threei}  If holds  .84
01[11:49] {&Threei}  Invalidated
[11:56] {Les} miners getting toppy
01[11:56] {&Threei}  feels like GDX is a bit ahead of itself, yeah
01[11:57] {&Threei}  no clear setup yet but watching
[11:57] {Les} short .98
[11:57] {Les} a zombie should know when its dead
01[11:57] {&Threei}  they never do
01[11:57] {&Threei}  you saw their heads off, they keep coming
[11:59] {Les} got a scalp off
[11:59] {nemo} great. Les scalped off
[12:00] {dino} wag sm l .23
[12:01] {nemo} trend lines holding on iwm spy and fas
[12:02] {Les} short gdx .89
[12:02] {Les} looks like DT to me
[12:04] {Les} GLD hesistates
[12:10] {Les} half covered here
[12:19] {RonS} dino, gave my 2 yr old g-daughter a kiddie golf set for b-day.  She mastered the fundamentals right off.  Hit the ball, disappeared into ground cover.  Said, "Oh no, I've lost the ball".  Then threw the club.
[12:19] {dino} lol, cool gift idea
[12:20] {Les} lower high gdx
[12:20] {Les} ditto gld
[12:27] {Les} cover quarter  here
[12:38] {RonS} avnr L .34
[12:43] {dino} zzzzzzzzzzzzzzzzzzzzzzzz
[12:44] {Les} from Armstrong:
[12:44] {Les} The A$ has been dropping of late as the US dollar is rallying on a global scale. This is impacting also commodity prices and the bottom line is simply that the US$ remains as the biggest short out there and a rally will be devastating on a global scale. It is also the only hope of saving Europe – the collapse of the way over-valued worthless Euro.
[12:45] {Les} forgot that there's a lot of debt denominated in dollars
[12:45] {Les} the ultimate short squeeze
[12:46] {Les} and economic killer
[13:00] {dptl} out CNX  +.40
[13:00] {dino} gj dp
[13:01] {dptl} ty
01[13:01] {&Threei}  wtg
01[13:01] {&Threei}  I think these parties do good for one's trading
[13:02] {dptl} i think so :)ty...ya she was a good girl cnx
[13:06] {dptl} still good
[13:06] {Will49} hey dp....excellent trade!
[13:07] {dptl} ty
[13:07] {Will49} otlichno
[13:08] {dptl} spasibo
[13:11] {dino} yrcw bouncing around
[13:16] {Les} GDX behaving erratically but close to new break down
01[13:20] {&Threei} Short Setup: GDX  .60 break
01[13:20] {&Threei}  If holds  .65
[13:30] {dino} out wag .36, +.13
[13:31] {nemo} Yaaaaaaawwwwwwwwwwnnnnnnnnnnn.......
[13:33] {Will49} even les is quiet
[13:34] {Les} hi Will
[13:34] {Will49} hey les
[13:35] {Will49} that's the nicest thing you've ever said to me
[13:35] {Les} probably the last time too
[13:35] {dino} wag l .49
[13:35] {Will49} :)
[13:36] {Will49} Les...idi k chertu
[13:36] {Les} hehehe
01[13:37] {&Threei}  we've created a monster
[13:37] {Will49} lol
[13:38] {dptl} lol...Vad, are secretly giving russian classes to Will and Nemo ?
[13:38] {dino} out wag .66, +.17
01[13:39] {&Threei}  nemo found his own source of filthy expressions
[13:39] {Les} gj contemplating a short entry here dino
[13:39] {Les} no setup yet
[13:40] {dptl} i see...smart dude :)
[13:40] {dino} ty
[13:41] {Will49} knew he wasn't referring to moi
[13:41] {dptl} its like Nemo was learning on a streets, and Will actualy took some classes :)
[13:42] {dino} homb spike
[13:42] {nemo} I didn't learn on the streets
[13:42] {nemo} you wanna see my instructor?
[13:43] {Will49} der'mo
[13:43] {dptl} oh ya ..forgot ..you did already
[13:44] {dptl} oh boy...you right we created a monster lol
[13:44] {Will49} lol
[13:44] {Will49} was referring to GDX
[13:44] {nemo} dcc dp
[13:45] {dptl} o o i am in trouble
[13:46] {dino} homb sm s .40
[13:48] {dino} cov homb .90, +.50
01[14:07] {&Threei}  (US) President Obama: It is wrong for power plants to be able to dump an unlimited amount of carbon pollution into the air and that needs to stop- Directing the EPA to come up with carbon standards for power plants, EPA should work with states and companies to create new standards for power plants
[14:09] {dino} more regulations, more costs
[14:09] {RonS} O volatility scty
01[14:11] {&Threei}  SCTY Walmart Announces 10 New Solar Installations In Maryland
[14:13] {dptl} GDX is being SoMG today
[14:13] {Les} WAG setting up for 45 breakdown
[14:13] {dino} trp drop
[14:16] {Les} WAG potential DT
01[14:17] {&Threei}  I think we are going to get a good move on it still dp
[14:18] {Les} short wag
[14:18] {Les} cover half
[14:18] {RonS} President Obama: 'The Keystone pipeline will not be built if it contributes to climate pollution'
[14:18] {nemo} he should stop breathing then
[14:19] {dino} regardless the tar sands are going to be produced
[14:20] {RonS} O:  "I am here to prove that similar to some organisms the US can screw itself."
[14:20] {dino} just a matter of where it gets piped to, gulf or pacific
[14:21] {Les} China
[14:21] {dino} thats what i mean by pacific
[14:21] {Les} yeh I know
[14:21] {RonS} so, why isn't he saying:  "the NSA uses too much power and is being scaled back"?...
[14:22] {Les} lol Ron exposing his agenda
[14:22] {Les} you be careful
[14:22] {Les} be picked up soon and disappeared
[14:22] {RonS} ...the Federal full-scale SUV cornucopia will be turned into Priuses...
[14:23] {Les} ...made in mexico
[14:23] {dino} look up ron, black helicopters approaching
[14:24] {ese} am outta here cya tomorrow.......
01[14:26] {&Threei} Short Setup: GDX  .65 break
01[14:26] {&Threei}  If holds  .70
01[14:29] {&Threei}  (DE) Germany Chancellor Merkel: German economy would be hurt if taxes were hiked, will handle power prices following the election- To address high power prices after fall parliamentary elections are over.
01[14:29] {&Threei}  lol
[14:30] {dptl} comedy club
01[14:32] {&Threei}  Invalidated
01[14:33] {&Threei}  but this .70 break feels like a trap for bulls to me
01[14:33] {&Threei}  so still watching for short entry
[14:33] {dptl} it does this thing all day today
01[14:34] {&Threei}  valid agaunm IMO
01[14:35] {&Threei}  White House: Russia has 'clear legal basis' to expel Snowden and should without delay
01[14:35] {&Threei}  uhhu
[14:35] {dino} lol, yeah right
[14:35] {dino} putin's laughing on that one
01[14:36] {&Threei}  watch for that middle finger showing up above the horizon
[14:36] {dptl} lol
[14:36] {Les} frik me that Washington doesn't see how idiotic they look
01[14:37] {&Threei}  If holds  .72
01[14:43] {&Threei}  some on GDX, do it finally
01[14:44] {&Threei}  you have a great chance to make new day lows
[14:47] {Les} http://tinyurl.com/nhs24uo
[14:47] {Les} "There's a salmon in the water and its called Fed credibility"
01[14:47] {&Threei}  (US) Fed's Fisher: It is unjust to perpetuate firms that are too big to fail (TBTF) - Congressional testimony scheduled for June 26th ***Reminder: On May 20th, Fisher said that Dodd-Frank needs to be fine tuned as it doesn't solve TBTF - Source TradeTheNews.com
01[14:57] {&Threei}  @TheTweetOfGod
01[14:57] {&Threei}  The level of BS in the Washington atmosphere is greater than it's been for 500,000 years.
[14:58] {Will49} lol
[14:58] {Les} hehhe
01[15:01] {&Threei}  after all the hoopla of the last week, market is very tired and slow
01[15:02] {&Threei}  I was quite amazed to see the scanner in the morning, don't remember it scrolling this slow at the open
[15:03] {Will49} good thing I've got something to do
[15:03] {Will49} learn Russian :)
[15:06] {Les} WAG
[15:08] {+cc_9} hi
[15:11] {Les} hey 9
[15:11] {Les} short wag
[15:11] {Les} .00/10 setup
01[15:16] {&Threei}  that was all GDX was capable of?
[15:17] {dino} gj wag les
[15:17] {Les} ty cover half
[15:18] {dino} unless something unusual happens, just observing until close. over goal
[15:19] {nemo} this is one of the stranger days in a while
[15:20] {Les} WAG 2H stop still supported
[15:21] {dptl} cc_9 dcc please when you can
[15:23] {dino} wanted egan short at .72 but never got to me
[15:24] {Alexs} are you in GDX Vad?
01[15:24] {&Threei}  yes
01[15:24] {&Threei}  you remind me so I suffer more? :)
[15:25] {Alexs} lol
[15:29] {jdetente} starting to doze off here
01[15:29] {&Threei}  starting?
[15:29] {jdetente} hehe
[15:31] {dptl} i think GDX is official SoMG today
01[15:31] {&Threei}  sure looks like that
[15:31] {jdetente} fur boots is exempt from that status
01[15:31] {&Threei}  lol
[15:31] {jdetente} lifetime achievement
[15:31] {Will49} especially now!!!
[15:32] {dptl} whats that russian word Will?
[15:32] {cipher} CW|d}t3.Y+M*2_S~Hk%R
[15:32] {Will49} dirtyrockapeckeloomer
[15:32] {cipher} sorry :)
01[15:33] {&Threei}  was that relativity theory cipher?
[15:33] {dptl} lol..is that also russian?
[15:33] {cipher} now you know my secret password
[15:34] {Will49} down-east expression
[15:34] {Will49} Newfoundland
[15:35] {dptl} heh Putin on russian tv ....lol basicly telling to f@#$# off
[15:36] {+cc_9} did anyone say to buy the SPY dip this morning ?
[15:37] {+cc_9} something along the lines of the drop being a headfake...maybe im just imagining things again
[15:37] {nemo} did you stay in?
[15:37] {dino} yesterday i said buy the dip
[15:37] {+cc_9} i made my daily quota, don't matter what it does after.
[15:37] {jdetente} then bragging not allowed
[15:38] {+cc_9} lol
[15:41] {Will49} That's it for me guys...do svidaniya
01[15:42] {&Threei}  take care will
[15:42] {Les} TLT crasing again
[15:42] {Les} cheers will
[15:42] {jdetente} have a good one Will
[15:43] {dino} cya will
[15:44] {+cc_9} take care
[15:44] {+cc_9} Same here folks, calling it a day. beat my chest like a silverback today, need to knock that off if i want jd to like me
[15:44] {+cc_9} closing out EOD, take care until tomorrow!
[15:45] {Les} cheers
[15:45] {jdetente} hehe take care man
[15:45] {dino} gj cc9
[15:49] {Les} slowly learning to obey the setups better without being pressed for action
[15:49] {Les} SPY DT came as nice setup to clean up messy afternoon
[15:51] {dptl} gn
[15:51] {Les} been watching first few hours of Downton Abbey decent series
[15:51] {Les} cheers dp
[15:51] {dino} nananananaaaa be the ball les
[15:51] {dino} cya dp
01[15:51] {&Threei}  have a good evening guys, hopefully boredom doesn't last long
[15:51] {Les} gets a little repetitive after a short while though
01[15:51] {&Threei}  see you tomorrow
[15:51] {Les} cheers
[15:51] {dino} taking off too, gn all, thx for ideas
[15:52] {jdetente} see ya guys
[15:52] {bbobr} gn all

June 24 2013

Positive day that nonetheless felt under-utilized - this happens when you get the trading idea right and get no readable entry. We pretty much had the right read on GDX as short candidate toward the end of the day but just didn't get any setup, so it dropped while we watched. Oh well. There is tomorrow.


Session Time: Mon Jun 24 00:00:00 2013
[08:53] {_jackindbox} good morning guys
01[08:53] {&Threei}  morning jack
[08:57] {+cc_9} Good morning Vad/Gents
01[08:58] {&Threei}  cc9 :)
[09:01] {stevw} g'mornin fellas
01[09:03] {&Threei}  stev :)
[09:04] {dptl} gm
01[09:04] {&Threei}  dp :)
[09:09] {jdetente} Good morning...
01[09:10] {&Threei}  jd :)
[09:10] {jdetente} So I hear there is a global market meltdown going on. hehe
01[09:11] {&Threei}  I heard something about that
[09:11] {jdetente} never hyperbole in the press
[09:14] {Les} gm
01[09:16] {&Threei}  les :)
[09:17] {Alexs} gm
01[09:17] {&Threei}  alex :)
[09:18] {bbobr} gm
01[09:19] {&Threei}  bbobr :)
[09:19] {Will49} gm
01[09:19] {&Threei}  will :)
[09:19] {RonS} hello
01[09:19] {&Threei}  ron :)
01[09:20] {&Threei}  while we have a few min... http://goo.gl/gtsYY
[09:21] {dino} gm
01[09:21] {&Threei}  dino :)
[09:23] {RonS} ese still hung over?
01[09:23] {&Threei}  I guess
01[09:24] {&Threei}  lol, twitter: They should measure "active" Facebook users by brainwave activity.
[09:24] {RonS} looks like it was nice weather...
01[09:24] {&Threei}  very much so
[09:24] {Les} lol
[09:24] {stevw} was just about to say same - glad to see after hearing you'd been having a wet month
[09:25] {RonS} should be easy...just get a backfeed from the NSA...
01[09:25] {&Threei}  lol
01[09:26] {&Threei}  and another stinging observation:
01[09:26] {&Threei}  Facebook is working on a mobile news reader. If you know a lot of hardcore Facebook users, then you know how much they love to read.
[09:26] {Les} think Zackoboy gave him all the data they wanted
01[09:27] {&Threei}  Korean Kospi down 1.3%, Hang Seng down 2.2%, Shanghai
01[09:27] {&Threei}  Composite crashes 5.3%, Indian Sensex off 1.2%, Europe down 1.4%, S&P down 0.9%
[09:27] {nemo} So, the Mayans were off by six months or so
01[09:27] {&Threei}  all in all, success of Ben's unconventional monetary policies
[09:28] {ese} morning
01[09:28] {&Threei}  ese :)
[09:28] {ese} public thank you for the shiskabob party saturday........awesome.....your a barbecue genius
[09:29] {ese} am still recovering ....but your a genius
06[09:29] * &Threei takes a bow
[09:29] {Will49} add my thanks too
01[09:30] {&Threei}  :)
[09:30] {dptl} it was great :)
[09:30] {Will49} gained 4 pounds and lost 35 million brain cells
01[09:30] {&Threei}  bounce GDX, we are not in yet
01[09:30] {&Threei}  success, Will
[09:30] {Will49} :)
01[09:32] {&Threei} Long Setup:  GDX  .10 break
01[09:32] {&Threei}  If holds  24
01[09:33] {&Threei}  actually, if holds .05
01[09:33] {&Threei}  no need for a bigger stop at the open with this c'hart
[09:36] {thomcbell} lvs at 200 sma'
01[09:37] {&Threei}  OK... free to go GDX, move your butt
[09:37] {Les} index waterfalling
[09:39] {thomcbell} small long lvs 48.90
[09:40] {RonS} aig going for gap fill
01[09:41] {&Threei}  no go
[09:41] {dino} ll sm l .51
01[09:41] {&Threei} Long Setup:  FCX  .30 break
01[09:42] {&Threei}  If holds  .25
[09:42] {+cc_9} will get long SSO on SPY 156.30 break.
[09:43] {+cc_9} sorry 156.90*
[09:43] {nemo} s2 bottom on spy so far\
[09:44] {nemo} futures pits are dumping...they're selling back months too...oh oh
[09:45] {+cc_9} 156.90 1min wall for now
[09:47] {dino} tm sm l .96
[09:48] {thomcbell} sold lvs 49.20
[09:48] {thomcbell} + 0.30 but ........
01[09:48] {&Threei}  wtg
[09:48] {+cc_9} printing some shekels on SSO
[09:49] {+cc_9} nice SPY reversal :D
[09:49] {Les} nice one cc tooking iwm .27 but not enough volume
[09:49] {+cc_9} all good. its Monday, take what you can and build a cushion for rest of week
[09:50] {+cc_9} +$0.20 on SSO, all out.
01[09:52] {&Threei} Short Setup: SLW  .30 break
01[09:52] {&Threei}  If holds  .40
01[09:52] {&Threei}  Invalidated
[09:53] {dino} ll stop .39 -.11
01[09:54] {&Threei}  valid again, SLW
[09:55] {dino} epd sm l .42
[09:58] {dino} out epd .80, +.38
01[10:03] {&Threei} Short Setup: FCX  .10 break
01[10:04] {&Threei}  If holds  .20
[10:04] {thomcbell} small long lvs 48.30
[10:06] {+cc_9} going long SSO on SPY break of 156.40 for small bounce
[10:07] {Les} got it again iwm .10 holding 94 trying to get over .50
[10:07] {nemo} resistance at vwap currently .75ish
[10:07] {Les} got willy wacked playing with TNA naughty boy
[10:07] {ese} L abb .82
[10:08] {dino} ll sm l ave .05
[10:09] {+cc_9} Target on SPY bounce 165.70
01[10:09] {&Threei}  FCX 1:1
[10:09] {+cc_9} 156.70*
[10:10] {Les} someone abuse slw please
[10:10] {Les} too much wu wei for a monday morning for me :)
[10:10] {nemo} watch that .60 level in spy too
01[10:10] {&Threei}  SLW 1:1
[10:10] {Les} out it iwm 1:4
[10:10] {Les} got it
[10:11] {robbers} Out FCX, thanks.
01[10:11] {&Threei}  FCX 1:2 is close enough, 1/4 more out
01[10:11] {&Threei}  yw
[10:11] {Will49} tks vad FCx
01[10:11] {&Threei}  life looks brighter
[10:12] {dino} out ll .75, +.70
01[10:12] {&Threei}  wtg
[10:12] {dino} ty
[10:12] {robbers} Nice dino.
[10:13] {Will49} sweeeet
[10:14] {dino} lucky
[10:14] {nemo} [10:10] {Les} too much wu wei for a monday morning for me :)
[10:14] {nemo} never too much wu wei
[10:14] {Will49} wei jei ?
[10:14] {thomcbell} out lvs 48.60ish + 0.30
[10:15] {Les} it's a rap album will
[10:15] {thomcbell} long setup fio - 12.80 break if holding 12.75
[10:15] {Will49} “wēijī,”
[10:16] {Will49} danger + opportunity
[10:16] {Will49} sounds like trading to me
01[10:16] {&Threei}  for those who missed it earlier, http://goo.gl/gtsYY
[10:17] {Les} GLD smackdown
01[10:17] {&Threei}  FCX 1:3, out in full
01[10:17] {&Threei}  SLW 1:2 close enough, 1/4 out
[10:18] {dino} gj
01[10:18] {&Threei}  life improves by minute
[10:18] {+cc_9} GDX/NUGT crashing wowza
[10:18] {+cc_9} all time lows NUGT
[10:18] {jdetente} thanks Vad.
[10:18] {Les} It's not crashing cc
[10:18] {Les} it's an even better bargain now
01[10:18] {&Threei}  yw sir
01[10:20] {&Threei}  so what do you know... by clicks and comments, photos from shishkebab party prove to be more popular than any chart I post... and there are no even naked women dancing on the table
01[10:20] {&Threei}  we need to do that next time
[10:20] {robbers} Naked women dancing?  That would bring whole new meaning to JBE.
[10:20] {Will49} haha
01[10:21] {&Threei}  lol
[10:21] {Will49} quick robbers, really quick:)
01[10:21] {&Threei}  euphoria
[10:21] {ese} classic...absolutely classic......
[10:21] {Les} oh that is naughty
[10:22] {ese} the legendary glass copy of an AK47 filled with vodka......
[10:22] {Les} SLW at S3
[10:22] {bbobr} only locals are invited ?   :-(
01[10:22] {&Threei}  mid-dinner, you just knew that if you wanted to get in the fight of your life, all youi had to do is to try and get a pice of meat from ese
[10:22] {ese} bullets couldn't as much damage as that vodka
[10:23] {Will49} specially the way dp does it
[10:23] {ese} couldn't do
[10:23] {ese} indeed
01[10:23] {&Threei}  no bbobr, I just doubt you'd want to make a trip for that only... but if you re visiting our neck of the woods during next one, you are welcome
[10:23] {ese} well.....somebody had to take one for the team
[10:23] {ese} and dp bravely stepped in
[10:23] {Will49} tried to get me to commit Ukranian suicide
01[10:24] {&Threei}  dp knows vodka is evil... and tries to destroy as much of it asd possible
[10:24] {dino} l sm l .00
[10:24] {dino} ll
[10:24] {ese} speaking of dp.....has he signed in yet today...........didn't fall off the ferry on the way home hopefully
[10:24] {Will49} Ukrainian?
[10:25] {Will49} dbi = dp falling off ferry
[10:25] {dptl} lol
[10:25] {Will49} ah, you are there!
[10:26] {ese} ahhhhhh......good....you are ok....phewwwwww!
[10:26] {Will49} pretty boring fery ride home with no bar, eh?
[10:26] {dptl} killer wales was following making sure i am ok lol
[10:26] {Will49} lol
[10:26] {ese} lol
[10:27] {bbobr} OK,  I'll bring  "SQUADRA RUSSA"  vodka with the bomb floating inside the bottle !
01[10:27] {&Threei}  lol
[10:27] {ese} your on
01[10:27] {&Threei} Long Setup:  TZA  .95 break
01[10:28] {&Threei}  Invalidated
[10:28] {Les} looking at that what's the setup?
[10:28] {dino} iep sm l .98 gappy
01[10:29] {&Threei}  break of resistance formed by bars 10:06, 10:23, 10:26
01[10:29] {&Threei}  I suspect wives learn a lot of new things about their husbands at this annual event {G}
[10:29] {dino} out ll .66, +.66
[10:29] {Les} woman allowed?
01[10:30] {&Threei}  huh?
[10:30] {Les} milking ll dino nice
[10:30] {Les} women were present?
01[10:30] {&Threei}  of course
[10:30] {Les} here comes tza
[10:30] {Les} small cup and handle
[10:30] {dino} out iep .41, +.43
01[10:30] {&Threei}  *(US) JUN DALLAS FED MANUFACTURING ACTIVITY: 6.5 V -1.0E
01[10:31] {&Threei}  need one more little pullback for it to rteestablish
01[10:31] {&Threei}  nah, too deep
[10:31] {dino} thx les
[10:31] {+cc_9} anyone in GDX ?
[10:33] {ese} L srpt .07  
[10:34] {ese} no i cc
[10:34] {Les} missed the tza .75 recross under bb's potty break
[10:38] {dino} pru sm l .51
[10:39] {RonS} apl sm l .60
[10:40] {RonS} aig sm l .85
[10:41] {ese} index selling doesn't seem to be as strong today.....or is that my imagination.....which...i must admit can happen when your not use to drinking vodka shooters
[10:41] {nemo} it was VERY strong earlier
01[10:43] {&Threei} Long Setup:  IWM  .55 break
01[10:43] {&Threei}  Invalidated
01[10:44] {&Threei}  valid again
01[10:44] {&Threei}  If holds  .45
[10:44] {dino} out pru .81, +.30
01[10:45] {&Threei}  Invalidated
01[10:48] {&Threei} Long Setup:  AIG  .05 break
01[10:48] {&Threei}  If holds  .95
[10:51] {ese} out srpt .57 +.50
[10:52] {ese} out abb .89 +.06
01[10:52] {&Threei}  wtg
[10:53] {dino} iep sm l .17 ave
[10:53] {Will49} nice ese
[10:53] {dino} gj ese
[10:53] {ese} tks
01[10:55] {&Threei}  no go
[10:56] {RonS} out apl .95 +.35
01[11:01] {&Threei}  SoMG
[11:10] {thomcbell} fio out 13.04
[11:10] {thomcbell} + 0.24
[11:12] {dino} gj
[11:14] {dino} out iep .49, +.32
01[11:17] {&Threei} Short Setup: FB  .70 break
01[11:18] {&Threei}  If holds  .75
01[11:23] {&Threei}  1:1
[11:25] {robbers} Out FB, nice, precise call, thanks.
01[11:25] {&Threei}  :)
[11:29] {Les} shorted slw earlier half out getting clsoe to break of intraday low
01[11:29] {&Threei}  looks right to me
01[11:29] {&Threei}  FCX too
01[11:29] {&Threei}  and FB should have more in it
01[11:30] {&Threei}  thing is utterly useless
01[11:30] {&Threei}  and their "innovation" looks beyond ridiculous
01[11:30] {&Threei}  hashtags... RSS feed...
[11:30] {Will49} tell us how you really feel vad
01[11:31] {&Threei}  sleepy :)
[11:31] {Will49} :)
[11:31] {Les} http://www.youtube.com/watch?v=JSUIQgEVDM4
01[11:31] {&Threei}  (IT) Italy former PM Berlusconi found guilty of prostitution with a minor, sentenced to seven years in jail, banned from holding public office pending appeal- Found abuses of power ***Note that Berlusconi has the right to appeal the sentence twice, which could take years to decide
[11:32] {Will49} looks good on him
[11:32] {Les} twice. frig me
[11:32] {Les} that's a lifetime in italian politics
[11:33] {Will49} he'd do that too
01[11:33] {&Threei}  hey... Ruby the heart stealer must be worth it
[11:33] {Les} bet he's thinking otherwise now
[11:34] {dino} iep sm l ave .60
01[11:35] {&Threei}  - All eyes are watching China this morning to puzzle out whether the PBoC can keep control of a liquidity crisis that gets more and more frightening by the day
[11:35] {ese} that must be remastered Les.......doesn' sound like morrison is in a drug induced haze either
01[11:36] {&Threei}  The PBoC released a brief statement on credit market conditions overnight, indicating that they remain extremely reluctant to step in and smooth over the liquidity crunch. The note stated "overall bank liquidity conditions are at a reasonable level" and asked banks to "prudently manage liquidity risks that have resulted from rapid credit expansion."
01[11:36] {&Threei}  you know what would be the irony of the highest order?
[11:37] {Les} the pboc behaves itself
01[11:37] {&Threei}  if communist China let's their failing banks fail, while capitalist West bailed theirs
[11:37] {Les} yeh
01[11:37] {&Threei}  lets
01[11:38] {&Threei}  if that happens I immigrate to China as last pillar of capitalism {GGG}
[11:39] {Les} Shanghai trading club. Why not.
[11:43] {dino} out iep .05, +.45
[11:43] {+cc_9} test
01[11:44] {&Threei}  passed
01[11:44] {&Threei}  not with flying colors exactly because it wasn't very tough test to say honestly
01[11:44] {&Threei}  die FB... die faster
[11:45] {dino} china owns the banks for the most part
[11:45] {_jackindbox} FB short on .5 breakdown?
01[11:46] {&Threei}  we are in from .70
[11:46] {dptl} moving stop yet ?
01[11:46] {&Threei}  .63
[11:46] {_jackindbox} yes, I missed that one. just looking at the chart and it seems that if .5 is broken....
01[11:47] {&Threei}  it's a valid setup, but the risk is much higher than 20 cents ago...
[11:47] {_jackindbox} point taken, thanks.
[11:48] {Les} .
[11:48] {Les} there's another one you can take jack
01[11:50] {&Threei}  1:2
01[11:50] {&Threei}  I am falling in love with FB all over again
[11:50] {+cc_9} now you're just being ridiculous Vad
01[11:51] {&Threei}  ah, we all are ridiculous when in love...
[11:55] {Les} SLW deciding here
01[11:57] {&Threei}  GLD...
01[11:57] {&Threei}  what an utter disaster
01[11:58] {&Threei}  and worse is still ahead
[11:58] {dino} pru sm l .50
01[12:00] {&Threei}  (US) Fed's Kocherlakota: Fed should keep buying bonds until a 7% unemployment rate is achieved
01[12:00] {&Threei}  Attention all Fed offials: damage control mode is in effect
[12:01] {ese} L srpt .50
[12:02] {dino} 6.5% was target 6 weeks ago
01[12:03] {&Threei}  moving target
[12:07] {dino} pru stop .19 -.31
[12:12] {Les} http://tinyurl.com/q5mgeqj
[12:26] {Les} market may have found the bottom
[12:26] {nemo} yeah, reasonable assumption at this juncture
[12:30] {Les} You should know what assumptions make of you Nemo
[12:30] {Les} I'll use the charts ty
[12:32] {nemo} Iwas making the assumption based on the charts db
[12:32] {Les} OOOOOOOOOHHHH OK ;)
[12:32] {nemo} who's charts you using Les?
[12:32] {Les} missed the iwm 00 entry. loading up DAS
[12:33] {Les} is that a trick question?
[12:34] {nemo} well, in your case, 1+1 is a trick question
[12:34] {Les} c'mon u can do better than that
[12:39] {dino} iep sm l .05
[12:54] {dino} out iep ave .51, +.46
01[12:58] {&Threei} Short Setup: CAT  .50 break hl
01[12:58] {&Threei}  If holds  .60
01[13:06] {&Threei}  come on CAT
[13:06] {nemo} cats remind me of women
01[13:06] {&Threei}  join us on a long romantic walk down to .20
01[13:08] {&Threei}  1:1
[13:12] {jdetente} CAT reminds me of my prom date...
01[13:12] {&Threei}  ok, I'll risk it... do tell
[13:12] {_jackindbox} smokes when she get's going?
[13:12] {stevw} only made it to second base?
[13:13] {jdetente} stev has it
[13:13] {jdetente} hehe
01[13:13] {&Threei}  lol
[13:13] {jdetente} rounding 2nd and the third base coach put on the brakes
[13:14] {jdetente} hehehe
[13:15] {dino} lol
[13:16] {stevw} phew - i was worried you were going to start singing a Meatloaf song
[13:17] {stevw} hands up all those that didn't start singing it their heads
[13:17] {jdetente} before my time
[13:18] {jdetente} which song is it?
[13:18] {stevw} oh, don't you start with me, you young whippersnapper
01[13:18] {&Threei}  I can be forgiven, I am a foreigner... cultural references get lost on me
[13:19] {stevw} c
[13:19] {stevw} c'mon someone, enlighten them and show i'm not completely alone out on this limb
[13:20] {nemo} I definitely was not, although, he's a very nice guy, I was his bodyguard one night
01[13:20] {&Threei}  and he hadn't sang ever since?
[13:21] {nemo} His wife, since divorced, was gorgeous
[13:24] {stevw} and thus learned nemo, if you want to work more than one night, don't stare at the boss' wife
[13:25] {nemo} nah...no problem
01[13:25] {&Threei}  I have this interesting feeling we are to see some fireworks today yet
[13:26] {nemo} I would only work for people when they came to Boston
[13:26] {nemo} I didn't travel
[13:26] {jdetente} you feeling we snap down again Vad?
01[13:26] {&Threei}  not sure about SPY but commodities should
[13:26] {nemo} Best one was Stevie Ray Vaughn in 84...didn't even know who he was...WOW
01[13:27] {&Threei}  frikin CAT
01[13:27] {&Threei}  now you make it to 1:2?
01[13:27] {&Threei}  hey jd... was she a tease too?
[13:27] {jdetente} go back to my prom date reference...lol
01[13:27] {&Threei}  lol
[13:27] {jdetente} someone scored
[13:28] {stevw} she went all the way after you went home alone?
[13:28] {stevw} DIH?
[13:28] {jdetente} I didn't think this bit out enough did I??
[13:28] {stevw} (that's not a ticker symbol)
[13:31] {dino} pru sm l .35
[13:57] {ese} zzzzzzzzzzzzzzzzzzzzz
01[14:00] {&Threei} Short Setup: GDX  24 break
01[14:00] {&Threei}  If holds  .10
01[14:01] {&Threei}  Invalidated
[14:02] {+cc_9} wowza GDX/NUGT
[14:04] {ese} out srpt .06 +.56
[14:04] {Will49} again?
[14:05] {dptl} wow Ese...see its all vodka...clears your mind lol
[14:05] {ese} aye aye capitan
[14:05] {ese} doing it in a stuper
[14:06] {ese} i'm outta her though......cya tomorrow
[14:06] {Les} ciao
[14:06] {ese} here rather
[14:06] {Will49} peace
01[14:08] {&Threei}  take care ese
01[14:17] {&Threei} Long Setup:  TZA  .05 break
01[14:17] {&Threei}  If holds  .95
[14:19] {dino} pru to .55
01[14:19] {&Threei}  meh
[14:20] {dino} to .70
[14:22] {dino} out pru .80, +.45
[14:22] {RonS} gj
[14:22] {dino} ty
01[14:23] {&Threei}  TZA joins somg list
[14:24] {dino} builders going positive
[14:27] {Les} tza triple bottom?
[14:27] {dino} buy the dips
01[14:28] {&Threei}  I don't play triple bottoms
01[14:32] {&Threei} Short Setup: GDX  .25 break
01[14:32] {&Threei}  If holds  .30
01[14:32] {&Threei}  let's try to find the reversal with small risk entries
01[14:34] {&Threei}  Invalidated
[14:40] {dptl} Ctl .30 LONG ?
[14:41] {dptl} lol CTL
[14:41] {thomcbell} lvs looking to short back above 50.75
01[14:41] {&Threei}  nah
01[14:41] {&Threei}  LVS idea I like
01[14:43] {&Threei}  (US) Fed's Kocherlakota: Sustained high rates could hurt jobs; Fed lacks experience with quantitative easing
01[14:43] {&Threei}  oh great, they just collect experience
01[14:44] {&Threei}  we are guinea pigs
01[14:45] {&Threei}  grabbed LVS on a bounce, tbell?
01[14:46] {&Threei}  perfect setup
[14:46] {_jackindbox} PM's showing relative strength, pull back more pronounced then?
01[14:46] {&Threei}  just dropped fast
01[14:46] {&Threei}  I believe watch for the short on a bounce is warranted
[14:46] {thomcbell} i was offered at 50.75
01[14:47] {&Threei}  didn't take then
01[14:47] {&Threei}  just couple cents
[14:47] {thomcbell} nope
01[14:47] {&Threei}  ugh GDX
01[14:48] {&Threei}  dropped with no setup
[14:51] {dptl} LPX ?
[14:51] {dptl} short?
01[14:52] {&Threei}  50/50, .25 break is doable simply because of low risk
[14:53] {nemo} can try shoting the market here
01[14:53] {&Threei}  frikin GDX
[14:53] {nemo} swear properly please
[14:55] {nemo} gdx=Les
[14:56] {Will49} wouldnn't that be GDL -Les?
[14:57] {Will49} =Les
[14:59] {jdetente} gotta leave early. Have a good one gents
[14:59] {Will49} be good jd
[14:59] {dino} cya
01[15:00] {&Threei}  take care jd
[15:03] {RonS} out aig 42.40 +.55 ave ese size  best Monday in months...outta here...take care guys
[15:04] {Will49} peace ron
[15:04] {Will49} and nice trade
01[15:05] {&Threei}  wtg ron
[15:06] {dino} cya
[15:09] {dptl} WMB .80 short?
01[15:10] {&Threei}  looks right
[15:10] {dptl} but?
01[15:11] {&Threei}  no but... decent setup
[15:11] {dptl} ok
[15:12] {dptl} ok in with .91 stop
01[15:16] {&Threei}  1:1
[15:17] {dptl} half out
01[15:22] {&Threei}  crap... this GDX was supposed to be THE short of the day
[15:28] {nemo} we drop these levels, market probabl goes to vwap
[15:33] {+cc_9} Calling it a day here folks, nice rip on SPY, all I traded was SSO as usual.
[15:33] {+cc_9} See you all in the AM. Ciao!
01[15:33] {&Threei}  take care cc9
[15:36] {dptl} second part stopped wmb
[15:39] {dino} so far gut says up
[15:40] {Les} slw just offered itself again
[15:40] {Les} gdx i mean, but ditto
01[15:43] {&Threei}  this I hate... to get the idea of a big treade right and not to find the right entry
[15:45] {dino} happens all thetime to me
[15:46] {dino} dtys spike
[15:46] {dino} 10 yr
[15:46] {dino} someone got hosed on that
[15:47] {Les} sucks when yer locked in for the day
[15:47] {Les} why do ETN's still exist?
[15:49] {Les} spent the afternoon setting up a DAS platform
[15:49] {Les} seems ok at first glance
01[15:50] {&Threei}  I looked ate it too, liking it more than fusion
[15:51] {Will49} been using it for a week...really nice
[15:51] {Will49} Das
[15:51] {Les} give it a week to find all the quirks and we shall see.
[15:51] {dptl} better then laser?
[15:52] {Will49} yes IMHO
[15:52] {Les} will you found how to change price by .10 instead of default .01?
[15:52] {Will49} no
01[15:53] {&Threei}  ask cc9, he knows it in and out
[15:53] {Will49} I change prices by clicking on level 2
[15:53] {Les} yeh definitely, too slow otherwise
01[15:53] {&Threei}  my only beef with it so far is the way it links window
[15:53] {Les} nah don't wanna input
[15:53] {Les} strange yeh
01[15:53] {&Threei}  you have to type new symbol only in L2 window, not in any other
[15:53] {Les} disconnect between l2 and chart sometimes
[15:53] {Les} right
01[15:54] {&Threei}  but unlike fusion it links nicely to trade-ideas
[15:54] {Les} ?
[15:54] {Les} you mean the little extras they put in for stocks dropping and popping?
01[15:54] {&Threei}  double-vlivk on symbol in TI sends it to das
01[15:54] {&Threei}  click
[15:54] {Les} ah ok
[15:54] {Will49} If you use market viewer with pre-selected symbols, you just click and it connects the level 2 and charts...really slick
[15:55] {Les} that's interesting wil
[15:55] {Les} l
[15:55] {Les} I like big ass alarm clock telling me when closing comes
01[15:55] {&Threei}  yeah, I don't use this feature but it's neat
[15:55] {dptl} are you using das too Vad?
[15:55] {Les} 10pm here and I'm ready for bed, been caught out more than once
[15:55] {_jackindbox} gents, I am out of here. thanks Vad and all others, it's been a blast.... well, sort of, learned some new stuff and hope to be on here more in the future. over and out.
[15:55] {Will49} yeah, it has our usual suspects on it and sit right beside Mirc, so i can see them both together.
01[15:55] {&Threei}  for charting dp
[15:55] {Les} cheers jack
[15:56] {Will49} peace jack
01[15:56] {&Threei}  take care jack, we will be here when you are ready
01[15:56] {&Threei}  ok guys, positive day but feels uunderutilized because of that trade that got away
01[15:56] {&Threei}  have a good evening, see you tomorrow
[15:57] {Will49} see you L8r guys
[15:57] {Les} cheers all
[15:57] {dino} gl jack
[15:57] {dino} gn all
[15:57] {nemo} anybody short the market back when I msgd

Nemo's Findings week of 6/23/2013

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

Well the correction is on.  We ramped up into Bennie as I thought last weekend.  Frankly he didn't say anything that he hasn't been saying for the last few months.  I think the big difference this week was China.  They are having or seem to be having a liquidity crunch...one of their banks almost, at least according to the news, almost went under this week...Chinese Lehman?  Bear Sterns? Reports of some failed debt auctions as well. Yields on debt around the world, especially in emerging markets, are climbing fast.  That means debt is becoming much more expensive.  WAIT!!!  I thought Bennie said rates would stay low until he says otherwise.  Are the bond vigilante's back?  I hear Paul McCartney, "Someone's knockin' at the door.  Someone's wringin' a bell."  The more I think about it, the more I see Jack "Heeeere's Johnny!"  Nicholson, sticking his head through the door, and then there's this:  

http://blogs.wsj.com/moneybeat/2013/06/21/state-street-temporarily-stops-cash-redemptions-for-muni-bond-etfs/

Seeing a pattern here?  Makes me think, outside the box that is, given my relatively esoteric background,  maybe the Mayan thing may have been the end of this type of financial era in the world....things are looking a bit iffy.

I think it's reasonable to expect volatility to continue, especially until after the 4th of July, until we get solidly into earnings season.


Anyway, wanted to show you something:

 This is my "handy-dandy" multi-time frame pivot spreadsheet that also provides some other information.  On the right you can see how far away various points are percentage wise from the price, as well as their price.  Below the main grid notice the number below "S3-R3 Range".  That is the dollar range as a percentage of price.  You can see to it's right the "65 day Avg:" that is for the quarter.  Well, the day before that range was 8.03% in spy.  When you have a wide range between pivot levels, the half-way points between those major levels become more important which leads me to the following:

Notice where price action bottoms in the above chart?  Not perfectly, but the midpoints between the "S" levels basically hold the price action.  Notice also the fib retracement levels on IWM bracketing the mid point.  That's an $.08 range.  That is the 38.2% retrace from the November low, and the 50% retrace from the April low...funny how that works.

Anyway, the week that was:

The week that is: 

Notice in SPY we are getting closer to the red rectangles, which are price levels of heavy volume.  Points of possible inflection.  Expect tests there.

 

Bonds, by the way, just broke a serious head and shoulders.  Here's a weekly view:

Not pretty.  You can see the major fib. levels below, and, I drew in a vertical line that shows the measured move from the break down in the 87 area.  Think Bennie has lost control of interest rates.

 

Morituri  Te salutamus... 

Market Week Wrap-up

TradeTheNews.com  Weekly Market Update: Fed QE Prognosis Induces Market Indigestion

- Panicked investors reacted strongly to Wednesday's FOMC decision, which together with Chinese banking concerns drove an impressive global sell-off this week. Heading into the Fed rate decision many analysts were predicting a fairly dovish tone. After the decision, markets decided the Fed had outlined the beginnings of a more aggressive exit strategy and a broad array of asset classes sold off sharply with the lone exception of the United States Dollar. Government bonds, equities, ETFs and commodities plummeted on Wednesday afternoon and into Thursday before stabilizing. The handwringing on China was evident in a slow-burning liquidity crunch that jumped into high gear after the PBoC refused to provide the banking sector with additional liquidity, totally freezing up interbank lending on Thursday. For the week, the DJIA fell 1.8%, the S&P500 declined 2.1% and Nasdaq lost 1.9%.

- The Fed statement was revised to acknowledge diminished downside risks to the economy, while at the same time highlighted that inflation continues to run well below target. Updated Fed economic forecasts trimmed their forecasted range for 2013 GDP growth and called for lower 2013 unemployment and inflation. Fed Governor Bullard brought the numbers of dissenters to two, but interestingly his explanation emanated from the dovish end of the Fed spectrum. He called on the need for even more accommodative policy due to the weak inflation outlook. In the post-decision presser, Bernanke said the Fed might begin to pull back on bond-buying later this year and even end QE by next summer while emphasizing that economic data would determine the moves, and that worsening data could even lead to increased QE. He also suggested the Fed could keep short-term rates near zero even longer than previously planned, particularly if inflation stayed low.

- US Treasury yields backed up aggressively into and following the FOMC announcement. By Friday the benchmark 10-year yield tested 2.5%. Despite Bernanke's insistence that rate hikes would be far off even after the end of QE, traders are positioning themselves for a rising interest rate environment. The 10-year yield rose close to 40 basis points on the week while the early 2015 and late 2014 fed fund futures contracts sold off. These contracts are now starting to price in a Fed rate hike in early 2015 from mid-year previously. Gold prices plunged to levels not seen since early 2011 trading below $1300.

- At a government debt auction Last Friday, China was unable to sell all of the paper on offer, drawing attention to a slowly tightening funding squeeze in Chinese money markets. On the same day, data showed global capital flows into China slowed sharply in May as Beijing clamped down on speculative money inflows. This week the PBoC said it would not inject funds in order to ease liquidity conditions and overnight borrowing rates (Shibor) shot up as high as 13.4%. One PBoC official said banks were being starved of liquidity in order to make them more responsible about their lending, and another highlighted that the PBoC will not blink first in any confrontation with the banks. In the midst of the crunch, there were plenty of unconfirmed rumors of the PBoC making selective capital injections to certain banks.

- US economic data out this week was somewhat of an afterthought. Both the June Philly Fed Survey and the National Association of Realtor's May Exisiting Home Sales reports were much better than expected. The latter saw home sales jump to 5.18M units, the highest monthly rate since November 2009. A NAR economist warned that given the very strong data, "home price growth is too fast and only additional supply from new homebuilding can moderate future price growth." In China, the Flash HSBC Manufacturing PMI for June dropped to 48.3 from 49.2 in May, the lowest level in nine months. The index has now shown contraction for two straight months.

- The euro was floating up to four-month highs against the dollar above 1.3400 in the first half of the week. EUR/USD crashed two big figures to around 1.3200 in the aftermath of the Fed, and then lost another big figure as the political crisis in Greece surrounding the shutdown of public broadcaster ERT led to the withdrawl of coalition partner Democratic Left from the government. The BoJ may have been the only central bank on the planet pleased to see its currency weaken in the face of dollar strength. After finding a floor in the 94 handle and held a key 38% Fib retracement last week, USD/JPY traded as high as 98.25 in the post-Fed slide, before closing out the week around 97.75.

- Huge street protests continued in Brazil and Turkey, while crowds came out in Indonesia this week to protest the rollback of fuel subsidies. At the same time, dollar strength has punished emerging market currencies and bond yields surged. India Central Bank (RBI) said to have intervened in FX market around 59.90 after the rupee hit fresh record lows. The Polish Zloty sank to a one-year low against the euro as the cross approached 4.35. Numerous emerging market central banks took action to stem currency weakness.


TradeTheNews

June 21 2013

Back and forth day, with a few good trades and a few rinses, finishing about flat. Good week overall though, and it was a nervous market so no complaints.

Session Time: Fri Jun 21 00:00:00 2013

[08:55] {dptl} gm

01[08:55] {&Threei}  dp :)

[09:05] {_jackindbox} good morning

[09:05] {Les} hi

01[09:06] {&Threei}  jack, les :)

[09:06] {backman} gm

01[09:06] {&Threei}  bman :)

[09:06] {stevw} g'mornin

[09:06] {Les} happy you put a comma in between that greeting Vad, otherwise would have been an insult

01[09:06] {&Threei}  stev :)

01[09:07] {&Threei}  Les, don't give nemo ideas

01[09:07] {&Threei}  heavens know he has plenty of his own

[09:07] {nemo} ?

[09:08] {Les} belt up bunny boy

[09:08] {Les} go take yer meds

[09:16] {Alexs} gm

[09:16] {Will49} gm

01[09:16] {&Threei}  alex :)

01[09:16] {&Threei}  will :)

[09:18] {RonS} howdy

01[09:19] {&Threei}  Ron :)

[09:19] {dino} gm

01[09:19] {&Threei}  dino :)

[09:21] {nemo} well, this should be an interesting open

[09:22] {stevw} bargain-hunting predicted

[09:22] {ese} good morning.......i'm back for another drubbing.......go ahead take your best shot......your all playing with empty guns.....the gates are down the lights are lashing but that train just ain't a coming.....go for it

[09:23] {nemo} I never play with an empty firearm...

[09:23] {ese} rotflol

[09:23] {ese} ahhhhhh goood one

01[09:23] {&Threei}  ese :)

[09:24] {ese} morning vad

[09:25] {cipher} gm

01[09:25] {&Threei}  cipher :)

[09:25] {jdetente} good morning

01[09:26] {&Threei}  jd :)

[09:31] {+cc_9} good morning folks

[09:32] {Will49} hey 9

01[09:32] {&Threei}  test

[09:34] {+cc_9} any confidence today for a market reversal ?

[09:34] {+cc_9} maybe slight short covering

[09:34] {nemo} spy is smack in the middle of yesteday's channel

[09:35] {nemo} finnies dropping from the top of the channel, so is russell

[09:35] {Les} IWM recovery of 50 SMA might be pertinent to watch

[09:35] {Les} or failure to

01[09:35] {&Threei} Long Setup:  GDC  .65 break

[09:36] {Les} GDX

01[09:36] {&Threei}  yes

[09:36] {backman} gdx?

01[09:36] {&Threei}  GDX

01[09:36] {&Threei}  If holds  .60 

01[09:37] {&Threei}  valid

[09:39] {dino} out tol .90, +.25

01[09:40] {&Threei}  1:1

[09:41] {Les} scalping ty

[09:42] {+cc_9} jeez, no bids in this market even after 2 days

[09:42] {Les} pm's cc u mean?

[09:43] {+cc_9} something...

[09:43] {+cc_9} wasted my time tracking the futs overnight 

01[09:43] {&Threei}  really?

01[09:43] {&Threei}  people do that?? :)

[09:43] {+cc_9} lol

[09:44] {+cc_9} damn IBM, get your sh*t together

[09:45] {jdetente} 1:2 baby

01[09:46] {&Threei}  1:2

[09:46] {+cc_9} nice call GDX Vad

01[09:46] {&Threei}  (baby)

01[09:46] {&Threei}  ty

[09:46] {Will49} out tks Vad

01[09:46] {&Threei}  yw

[09:47] {Alexs} good start ty Vad

[09:47] {+cc_9} going long SSO on first break of 159.80 SPY

01[09:50] {&Threei} Long Setup:  IWM  .90 break

01[09:51] {&Threei}  Invalidated  

[09:51] {nemo} .96 is top of the channel

[09:51] {nemo} and daily pivot

[09:53] {nemo} C getting crushed

[09:55] {Les} l .75 sso stop under previous low

[09:55] {Les} half out 1:1

[09:55] {+cc_9} seesaw for now, need clear direction. Waiting on 159.80 in my case.

[09:57] {ese} L abv .25

[09:57] {backman} gdx making another run

[09:57] {Les} all out .80

01[09:58] {&Threei} Short Setup: JPM  .20 break

01[09:59] {&Threei}  If holds  .30 

01[10:01] {&Threei}  no go

[10:01] {+cc_9} going long SSO here, first scale

[10:02] {+cc_9} SPY put a "triple bottom" on the 5min for now.

[10:02] {ese} kmx

[10:02] {dino} ll blood

[10:03] {dino} again

[10:03] {nemo} russell at 50 sma

[10:03] {dino} ddd sm l .25

[10:04] {Alexs} you still in gdx Vad?

[10:04] {dptl} EEM interesting for short below .20

01[10:04] {&Threei}  no

[10:05] {ese} missed that bounce with kmx

01[10:05] {&Threei}  JPM SoMG

[10:05] {jdetente} that is one stinky goat

[10:06] {Les} early bird gets the stop something to remember

[10:08] {+cc_9} My SSO trades (click) }}} http://img9.imageshack.us/img9/9571/bcye.jpg

[10:14] {dino} somg?

01[10:15] {&Threei}  son of a motherless goat

[10:15] {ese} good job cc

[10:17] {jdetente} from the Three Amigos, Dino

[10:18] {jdetente} http://www.youtube.com/watch?v=M2FmDysvDr8

[10:18] {+cc_9} ty ese

[10:19] {+cc_9} end of week, trading very small

[10:28] {dino} ddd stop -.35

[10:28] {_jackindbox} SLW 20.20 line?

01[10:29] {&Threei}  watching for breakdown, yes... would like a few more min of consolidation, or weak bounce forst

01[10:31] {&Threei} Short Setup: SLW  .20 break

[10:34] {dino} open gaps filling

01[10:34] {&Threei}  If holds  .25 

[10:34] {dptl} have some shorting issues with laser 

[10:34] {dptl} are you in Vad?

[10:35] {Will49} also on Das

[10:35] {dptl} punching right price and not getting it

[10:35] {jdetente} couldn't get any shares on SLW

[10:35] {jdetente} either

01[10:35] {&Threei}  not here either

[10:35] {jdetente} weird and I'm with IB

01[10:35] {&Threei}  back to fur boots I guess... broke down as well

[10:36] {jdetente} is SLW son of fur boots? hehe

[10:36] {Les} how bout some beethoven?

01[10:36] {&Threei}  cc9... do you know what's the problem with SLW shorting?

[10:36] {dptl} not only with slw Vad.....other stocks too

[10:37] {jdetente} conspiracy

[10:37] {dptl} he he right

[10:37] {jdetente} hand of fed steps in to stop short sales

[10:37] {jdetente} I mean hand of god

[10:37] {jdetente} freudian slip

[10:41] {+cc_9} There is no problem shorting SLW

[10:41] {+cc_9} who is having an issue ?

[10:41] {dptl} me

[10:41] {Will49} me

[10:41] {+cc_9} what platform are you on

[10:42] {dptl} laser

[10:42] {Will49} das

[10:42] {+cc_9} Let me check

[10:42] {+cc_9} i just shorted SLW on das

[10:42] {+cc_9} If you see the S on the top right of the montage = shortable

[10:42] {dptl} also had it with DHI... got some short but not all i asked

[10:42] {Will49} i couldn't a few minutes ago

[10:43] {+cc_9} Maybe you had it as a limit and the limit never hit ?

[10:43] {+cc_9} let me check for you

[10:43] {jdetente} I had the same issue and I'm with IB

[10:44] {dptl} no....you punching bids , wile its stil there and not getting it it shows offer pending but no fills , wile price is still there

[10:44] {+cc_9} What routes did u pick

[10:44] {+cc_9} did u leave it to chose at random (SMAT) or did u pick a route

[10:44] {ese} damn...got cut off

[10:45] {dino} ll sm l .94

[10:45] {dptl} random

[10:45] {Will49} i tried smat and arca

[10:45] {dptl} shoud hit everything

[10:45] {+cc_9} That's very odd. Das shows the security is indeed shortable

[10:46] {+cc_9} and I was able to short it a few minutes ago just to test

[10:46] {dptl} yep wierd

[10:46] {Will49} wierd that 3 different platforms all had trouble

[10:46] {dino} out ll .54, +.60

01[10:47] {&Threei}  wtg

01[10:47] {&Threei}  jackinfbox, see dcc pls

[10:48] {Les} hmmm what's the 'f' for in jackinfbox?

[10:48] {_jackindbox} well, it's not dropping like it should....

06[10:48] * Les slaps Vad round with erronous copytext giving rise to salubrious thoughs

01[10:49] {&Threei}  your thoughts are born from within

[10:50] {ese} huh

[10:50] {ese} ok thats way outta line..............nobody on this board understands that kinda english

01[10:51] {&Threei}  jack... just keep your stop and let it trade

[10:51] {_jackindbox} yeah, moved stop to .26

01[10:52] {&Threei}  see private message meanwhile

01[10:55] {&Threei}  1:1

01[10:55] {&Threei}  start covering SLW jack

01[10:57] {&Threei}  you know the standard procedure, right?

[10:57] {Les} put yer head between yer legs and cluck like Nemo Jack

[10:57] {_jackindbox} yes

[11:00] {nemo} mmmhhhh

01[11:00] {&Threei}  1:2

[11:05] {ese} spy....slow death

04[11:06] -} [bbobr] PING

01[11:06] {&Threei}  1:3, be out if you are in

[11:06] {dptl} ye was nice short

[11:06] {Les} me want more!

[11:07] {Les} missed index knife catch

[11:08] {ese} good job gentleman

[11:08] {nemo} missing a knife catch is not missing

[11:08] {ese} or is there a lady amonsgt you

[11:08] {Will49} Vad, i've credited your account with points for the call anyway

[11:08] {Les} wise words from the bar fly

[11:08] {nemo} an honorable profession

01[11:10] {&Threei}  ty will

[11:11] {ese} lol

01[11:11] {&Threei}  guys, can anyone think of a reason why someone could be connected to the room but wouldn't see it?

[11:11] {Les} blind?

01[11:11] {&Threei}  shut up Les :)

[11:11] {Les} Nemo stabbed his eyes out?

01[11:11] {&Threei}  he can see a list on the right

[11:11] {Les} in Mirc?

01[11:11] {&Threei}  but not the text

[11:11] {nemo} could be the choice of windows he has open

01[11:11] {&Threei}  no, mibbit

[11:11] {Les} can't remember mibbit

[11:11] {nemo} mibbit I have no clue

[11:12] {Les} still got 100 riding on slw and gdx lets frikin go

[11:12] {Les} inverted cup and handle spy

[11:12] {Les} who stupidly thought to catch a knife

01[11:14] {&Threei}  don't mess with nemo's rabbit: https://fbcdn-sphotos-a-a.akamaihd.net/hphotos-ak-ash4/q71/998999_612839708755901_499111972_n.jpg

[11:14] {ese} gettin close to getting stopped out of 600 abv shs

[11:15] {Les} yeh if only Nemo would toughen up to that standard

[11:15] {Les} spy potential bottom

[11:16] {ese} thats what i'm hopin

[11:16] {Les} ooph like that is it

[11:21] {dino} gotta hop early, take care all

[11:21] {Will49} peace dino

01[11:21] {&Threei}  take care dino

[11:22] {ese} stopped abv .93 -.30

[11:22] {ese} daaaaaaaa

[11:23] {Les} coverd wrong symbol GDX still dropping

[11:23] {Les} here comes slw finally

[11:28] {nemo} buying here 9?

01[11:28] {&Threei}  1:4

[11:28] {Les} see the combo iwm spy potential play but where the vol.

[11:29] {Les} covered .83

[11:29] {Les} gdx appears to have found support

[11:30] {nemo} oh oh

[11:30] {Les} panic coming?

[11:30] {nemo} coming?

[11:30] {nemo} we're outside the channels from yesterday now

[11:30] {Les} missede the IWM 95 train

[11:31] {Les} it's not a high school prom question Nemo

[11:31] {nemo} nobody is bidding into this weekend macro risk

[11:31] {Les} yeh

[11:31] {nemo} we'll likely get some short covering later

[11:32] {jdetente} Sold some UVXY puts earlier. Bought back the June 75 strike, netted + $1.76

[11:33] {Les} nice

01[11:36] {&Threei}  Asian and European indices saw some stabilization overnight after the carnage of the last two sessions. However after 08:00ET European stocks have dropped into negative territory and are around their lows currently, following negative political news out of Greece.

[11:38] {ese} L abv .94

01[11:45] {&Threei} Long Setup:  IWM  .85 break

01[11:45] {&Threei}  If holds  .75 

[11:48] {Les} slw close to testing new lows

01[11:50] {&Threei}  break .90 already IWM

[11:50] {nemo} oh oh

01[11:52] {&Threei}  no go

[11:54] {jdetente} selling off steadily today

[11:58] {Les} slw almost ready to let go

01[12:00] {&Threei}  SoMG

01[12:00] {&Threei}  they are everywhere today

[12:00] {nemo} ?

[12:00] {jdetente} damn stinky goats

01[12:00] {&Threei}  ?

01[12:02] {&Threei}  ^%#@(*^

[12:02] {Les} wow didn't see it

[12:02] {jdetente} wowza...what was that phrase Les?

[12:03] {jdetente} The early bird gets the stops?

[12:03] {Les} hehe

[12:03] {jdetente} I'm going to cry into my whisky

01[12:03] {&Threei}  what do you call a bird that skips the entry and then looks at the train that left without her?

[12:04] {jdetente} no idea

[12:04] {Les} hehe touché

[12:05] {nemo} Dodo

[12:05] {Les} lol

[12:05] {Les} SPY had me quitting IWM flat

[12:05] {Les} hindsight the clean DB was solid setup

[12:06] {Les} gotta house full of pre-teen girls getting dressed for prom dance tonight, prefer to be on sidelines in market :)

[12:07] {nemo} your last name Nabokov?

[12:07] {jdetente} have a good one Les

[12:07] {Les} good call

[12:07] {Les} nah just can't be everywhere at once. Let this go to 1pm

[12:08] {dptl} lol Nemo

[12:08] {nemo} mmmhhhh...seems he has a hard time being anywhere at once

[12:08] {jdetente} nemo on a roll

[12:09] {nemo} have to hand it to Les, he provides a fecund cornucopia of material

[12:10] {Will49} fecal cornucopia

[12:10] {jdetente} now that crossed the line

[12:10] {RonS} fecundful

[12:10] {Will49} fecundalini

[12:11] {Will49} crossed a second line:(

[12:11] {RonS} no line, jumped out of plane?

[12:12] {Will49} i have no shame

[12:14] {RonS} one of the weirdest 2 day charts ever seen...dltr

[12:15] {Les} Will...

01[12:24] {&Threei} Long Setup:  TZA  .05 break

01[12:25] {&Threei}  If holds  .95 

[12:27] {bbobr} join #discussions

[12:27] {RonS} cat 2 way? short .00 break, long .10?

01[12:28] {&Threei}  bbobr, you made it

06[12:28] * Les slaps bbobr around a bit with a large trout

01[12:28] {&Threei}  I like ashort Ron

[12:32] {Alexs} tza not triggered right?

01[12:32] {&Threei}  no

[12:34] {nemo} tza might be worth an entry here

[12:34] {nemo} scalp though after this run

01[12:39] {&Threei}  TZA valid again

[12:40] {ese} abv .....bingo

01[12:43] {&Threei}  grrr

[12:47] {ese} nahhhh I like what stock is doing

[12:47] {ese} mystock

01[12:48] {&Threei}  (US) Fed is said to not be surprised by market reaction to the FOMC statement and Bernanke's speech on Wednesday, June 19th - financial press- Fed said to warn that a lasting decline in stocks, rise in yields could be harmful, could delay taper if worsening financial conditions hurt the economy

01[12:48] {&Threei}  (*&^%#$)

01[12:48] {&Threei}  they said it right when TZA started working

01[12:49] {&Threei}  time stamp 12:43

[12:55] {ese} bit of a calous statement yo make when you think about it

[13:00] {nemo} probably can short to vwap here

[13:18] {Les} IWM 50 day around here

[13:18] {nemo} above it

01[13:18] {&Threei} Long Setup:  TZA  .15 break

[13:18] {Les} k

01[13:19] {&Threei}  If holds  .05 

01[13:21] {&Threei}  1:1

01[13:27] {&Threei}  1:2

[13:27] {bbobr} buenos tardes, finally got in !

01[13:27] {&Threei}  oh boy

01[13:27] {&Threei}  so what was the problem?

[13:28] {bbobr} have no idea .It still is.

01[13:28] {&Threei}  between 4 people exchanging here we couldn't think of anything other than color settings that make font invisible on the background

01[13:29] {&Threei}  we could see you in the room, and you could type in it, but you couldn't see the room or even your own typing... I mean wtf??

[13:29] {Will49} oh if only we could see ourselves as others see us

[13:30] {bbobr} appreciated your concern. This time I did it from 3d browser   

01[13:30] {&Threei}  which one worked and which didn't?

01[13:30] {&Threei}  will... I don't want to

[13:31] {Will49} :)

[13:31] {bbobr} google chrome worked only 

[13:31] {ese} recreational use of drugs will make font disappear

[13:32] {Will49} haha

[13:32] {dptl} roflol

[13:32] {jdetente} nice one ese

01[13:32] {&Threei}  lol

01[13:32] {&Threei}  chrome is the only one I use... dropped all the rest long ago

[13:32] {Les} lol ese

[13:32] {jdetente} google and the nsa are watching you vad

01[13:33] {&Threei}  I know

[13:33] {ese} tks......I spend 3 hours on the board just waiting for an opportunity like that......it's the only reason i pay my membership fee

01[13:33] {&Threei}  out last TZA on a trail

01[13:33] {&Threei}  I enjoy the thought of them being puzzled by my nonsense and horrible typing, jd

[13:34] {jdetente} they think you're sending messages in code

[13:34] {jdetente} now trying to decipher...that's gotta be a doozy

01[13:36] {&Threei}  oh sh*t... now I get it!

01[13:36] {&Threei}  that's who sent me an unsigned e-mail asking:

01[13:36] {&Threei}  What did you mean when said "I can't even roll my pepelatz out of my garage without gravitsapa"

01[13:36] {&Threei}  NSA!

[13:37] {nemo} shorting looks better here

[13:37] {jdetente} lol!

[13:37] {nemo} watch vwap

[13:38] {dptl} pepelatz lol...what the heck is that ?

01[13:38] {&Threei}  come on dp...

01[13:38] {&Threei}  Kin dza dza

[13:39] {dptl} oh roflol

01[13:39] {&Threei}  don't tell me you haven't wacthed that

[13:39] {dptl} damn ...now i remember .lol

01[13:39] {&Threei}  cult soviet movie

[13:39] {Will49} now both russians talkin in code

[13:40] {dptl} lol

[13:40] {jdetente} we're all in trouble now

[13:41] {nemo} who let Jar Jar Binks in the room

[13:42] {Will49} who let the dogs out

[13:42] {nemo} did we boot ese?

[13:43] {jdetente} minus 1 Will

[13:43] {jdetente} minus 1

[13:43] {Will49} yeah...realized i crossed another line

[13:43] {Will49} hangs head in shame

[13:43] {jdetente} now I have that god forsaken song in my head

[13:46] {ese} huh.....cut off again

[13:46] {Will49} that's the porn police throttling your feed

01[13:46] {&Threei}  sorry ese... nemo found "boot (insert the name) off" button

[13:48] {ese} oh well.....i'm outta here for the VVVeeeeeeeeekend.....take care all....vad we'll see ya tomorrow  got the stop loss in for abv at .44 for a +.50 meaning i can afford desert at vads tomorrow

[13:48] {Will49} peace man

01[13:48] {&Threei}  see you tomorrow ese

[13:48] {ese} cya will vad dp et al

[13:48] {jdetente} I'm jealous of you guys...however if the kebab party is similar to Les' pyjama party

[13:48] {jdetente} not so much

[13:49] {Will49} yikes...the mere thought of it

01[13:49] {&Threei}  never attended any of those, so can't tell

01[13:49] {&Threei}  and somehow not eager to

[13:49] {jdetente} rumors are not good

[13:50] {Will49} rumour has it that dp was a porn star back in the old USSR

[13:51] {Will49} JOKE...it's a joke

[13:52] {dptl} shhhh Will...will talk about that tomorrow ... :)

[13:52] {Will49} ah ha!

[13:53] {backman} small short GDX .49

01[13:53] {&Threei}  please don't

01[13:53] {&Threei}  I really don't want to know

[13:53] {dptl} lol

[13:53] {jdetente} soviet porn...

[13:54] {jdetente} that's gotta be low budget

[13:54] {Will49} lol

[13:54] {jdetente} no pool boys in those I'm sure

[13:54] {jdetente} or pizza delivery

01[13:54] {&Threei}  no pools either

01[13:54] {&Threei}  nor pizza

[13:55] {Alexs} only fur boots

01[13:55] {&Threei}  there are plumbers I guess... pipes are really old

[13:55] {jdetente} ahahahaha

01[13:55] {&Threei}  rofl

[13:55] {dptl} you guys...lol

01[13:55] {&Threei}  Alex... 5+

01[13:56] {&Threei}  ranks right up there with stec's yesterdays hit about choking

01[13:56] {&Threei}  stev's

[13:56] {Les} iwm losing vwap but ain't got a short entry. maybe a small bounce to short into

01[13:56] {&Threei}  (US) Members of Congress said to have sent written warnings to S&P, Moodys and Fitch expressing concerns about the risks of synthetic CDOs

01[13:56] {&Threei}  seriously?

01[13:57] {&Threei}  members of congress know what those are?

[13:57] {Les} like they know what that shit is

[13:57] {Will49} and a "written: warning

01[13:57] {&Threei}  it's a resident of the village Duck Feet asking about Bethoven all over again

[13:58] {Will49} boy they're serious

01[13:58] {&Threei}  (US) IMF: Discussion about ending QE3 in the US are a positive sign as it signals the economy is strengthening- Calls on emerging markets to allow markets to function, but there is a case for central banks and Govts to intervene assuming markets become too disorderly - Sees prospect that China may be nearing the limits of its credit based investment models

01[13:59] {&Threei}  IMF = imbeciles

[13:59] {Will49} imbecilic M*&^% F^%$^ rs

01[13:59] {&Threei}  about right

[14:01] {Les} sm short iwm .39 holding .50

[14:01] {Les} might be db shit

[14:01] {nemo} anybody short the indexes?

[14:01] {Les} yeh

[14:02] {nemo} what time?

[14:03] {nemo} tlt looks awful

[14:03] {nemo} that drops, so do indexes me thinks

[14:04] {robbers} qqq

[14:04] {Les} ok in again

[14:04] {nemo} watch tlt for a signal

[14:04] {nemo} you shorting in the hole...sheesh

[14:07] {Les} halft .32

[14:08] {Les} whipsawing here

[14:09] {nemo} you're trying to play breakdowns and breakouts look at the trend lines over the last couple of days  on iwm spy and xlf/fas

[14:09] {nemo} you're shorting in the middle of the range from the low to the high

[14:10] {Les} 2nd half flat and off to dinner

01[14:15] {&Threei}  oh btw guy

01[14:15] {&Threei}  who follows my photography on facebook, I moved new postings to http://www.facebook.com/VadymGraiferPhotography

01[14:15] {&Threei}  make sure to like it to see updates

[14:22] {Les} and if you don't, he'll send the boys around asking why you don't like it.

01[14:23] {&Threei}  yeah, Yuri the Kneecapshooter and Ivan the Enforcer haven't seen mucvh action lately, feel bored

[14:26] {bbobr} I  better like it....

01[14:27] {&Threei}  :)

01[14:27] {&Threei}  TZA...

01[14:27] {&Threei}  should be a new entry soon

[14:28] {nemo} spy at vwap area

01[14:28] {&Threei}  also guys, do know... if I am not here on Monday, it means ese poured some hemlock on my vodka glass

01[14:29] {&Threei}  and will and dp helped hide the body

[14:29] {nemo} as long as he doesn't put it in it you'll be fine

01[14:29] {&Threei}  it was "in" typed with elbows

[14:30] {nemo} spy at resistance

[14:30] {nemo} short here

01[14:31] {&Threei} Long Setup:  TZA  .40 break

01[14:31] {&Threei}  If holds  .30 

[14:31] {nemo} nah,,,they're messing with us

[14:32] {nemo} spy volume dropped off drastically over last hour and a half

01[14:32] {&Threei}  sholuld pick up on the last hour

[14:33] {nemo} Quad witching on a Summer Friday?

01[14:33] {&Threei}  doesn't matter in this particular case, IMO

[14:38] {nemo} ok vad, now or never

[14:38] {nemo} I hear Elvis

01[14:39] {&Threei}  Gov. Christie: New Jersey, US flags will fly at half-staff in state on Monday to honor Gandolfini

[14:39] {Les} wtf

[14:40] {dptl} have a good weekend all

[14:41] {Les} cheers

[14:41] {Will49} be good dp see you tomorrow

[14:41] {dptl} yep :)

[14:44] {nemo} o.k. vwap spy is down .40% on the day, that's where Europe closed, down .40% entries near spy vwap are likely to get chopped up

[14:45] {nemo} big volume spy not moving it much

[14:46] {Alexs} got stopped on TZA?

01[14:47] {&Threei}  second half yes

[14:51] {jdetente} alright fellas. Gotta head out. Have a good weekend.

[14:51] {Will49} cheers jd

[14:51] {jdetente} Good week. Thanks Vad.

[14:52] {Les} volume coming in iwm

[14:52] {_jackindbox} got stopped out too at .30.... grrrrrr

[14:52] {nemo} your around vwap imo no entries here buy support sell resistance

[14:53] {nemo} you're

[14:53] {Les} yeh no one making a decisive move

[14:53] {nemo} Friday afternoon Quad Witching and your smack in the middle of the minefield

[14:54] {nemo} I would lean short right here, but watch tlt...if it defecates the mattress, shorts might work

[14:55] {Les} big spy vol

01[14:57] {&Threei}  take care jd

[15:07] {+cc_9} ok folks

[15:07] {+cc_9} calling it a day

[15:07] {+cc_9} enjoy your weekend, see you all Monday!

[15:07] {Les} cheers cc

01[15:08] {&Threei}  take care cc

01[15:12] {&Threei} Short Setup: JPM  .30 break

01[15:12] {&Threei}  If holds  .35 

01[15:13] {&Threei}  can't believe it... Valgary flooding, city is being evacuated

01[15:13] {&Threei}  Calgary

[15:14] {Will49} yeah, wife has niece there. Family evacuated this morning

[15:15] {_jackindbox} just watching vids and pics

01[15:38] {&Threei} Short Setup: GLD  .95 break

01[15:38] {&Threei}  If holds  .05 

01[15:39] {&Threei}  last shot for today

01[15:40] {&Threei} Short Setup: GDX  .90 break

01[15:44] {&Threei}  If holds  .95 

[15:47] {_jackindbox} i am easing into the weekend, thanks guys and Vad

[15:47] {_jackindbox} have fun tomorrow

[15:47] {Les} yeh nighty night

[15:47] {Les} c u's monday

[15:47] {Will49} cheers jack

[15:48] {Les} piss off Will

01[15:48] {&Threei}  take care jack, stay dry

[15:48] {_jackindbox} 10-4

[15:48] {Will49} nice les

01[15:48] {&Threei}  lol

01[15:53] {&Threei}  ok guys, scrapping GDX for a few cents

01[15:54] {&Threei}  out .86

01[15:54] {&Threei}  have a great weekend, see you on Monday

[15:54] {Will49} see ya guys