May 15 2013

Decent day, started a bit shaky with many invalidations and couple stops; 2 1:3 shorts on GDX and SLW righted it, and following plays solidified the black.

Session Time: Wed May 15 00:00:00 2013

[09:09] {cipher} gm

[09:09] {_fish_49} GM ALL

[09:09] {_fish_49} oops

01[09:09] {Threei}  cipher, fish :)

[09:13] {Les} GM

01[09:13] {Threei}  les :)

[09:14] {Les} miners finally gonna give us some lovin again. can only hope

[09:16] {nemo} if they're smart they'll stay away from you

01[09:18] {Threei}  jow smart can they really be, to get pounded like that

01[09:19] {Threei}  j=h

[09:19] {nemo} are you hewish?

[09:19] {Les} oh listen to 2 cents worth and his pithy thought for the day...

[09:19] {Les} http://tinyurl.com/b23eg89

[09:19] {Les} English summer begins...

01[09:19] {Threei}  I am hovial

01[09:20] {Threei}  incredible upset at yesterday electon

[09:20] {Will49} gm

01[09:20] {Threei}  will :)

01[09:20] {Threei}  welcome back

[09:20] {Will49} tks

[09:21] {Will49} was happy with Lib majority

[09:21] {Les} what, canada? what's the swing?

01[09:21] {Threei}  missed a few good days but I understand you did extremely important job at mainland campaigning for Libs

01[09:21] {Threei}  province, Les

[09:22] {jdetente} good morning...

[09:22] {Will49} lol

01[09:22] {Threei}  jd :)

01[09:22] {Threei}  election started with 17 points lead by NDP

01[09:22] {Threei}  narrowed down to 9, 7, by some polls 4, before widening again to 7

[09:22] {Will49} shows you the value of polls, eh?

[09:22] {Les} sorry don't follow canuck politics

01[09:22] {Threei}  then actual election just a day after the last poll, Libs win majority

[09:23] {Will49} hopefully Premier will appoint a few more conservatives to cabinet this time

01[09:23] {Threei}  I guess polls underestimated vote split by Greens

[09:23] {Les} libs being centrists? centre left? centre right? it's all a spaghetti of ideology today

01[09:23] {Threei}  centre right in this province

01[09:23] {Threei}  centre left on Fed level

[09:24] {Will49} right

[09:24] {_fish_49} so it was a provincial election?

01[09:24] {Threei}  yes

[09:24] {nemo} same shit different day

01[09:24] {Threei}  federal is not on till 2015

[09:24] {Will49} amen

[09:24] {nemo} 84% of the people have average or lower intelligence

01[09:24] {Threei}  sure but NDP would have brought in whole new depth of crap

[09:24] {nemo} they're guided by 16%, most of whom have their heads up there ass

[09:24] {Will49} my Dad used to say "they're all crooks, but it's better to have your crokks running the show

01[09:25] {Threei}  tax happy socialists

[09:25] {Les} yeh right nemo same shit

[09:26] {Les} was looking for C to be at yesterdays resistance for potential short, but weak already

01[09:26] {Threei}  let's look for opening spikes to short

[09:28] {ese} morning

[09:28] {dptl} gm

[09:28] {backman} gm

01[09:28] {Threei}  btw, winning party leader lost her own seat, lol

01[09:28] {Threei}  ese, dp, bman :)

[09:28] {RonS} gm

01[09:28] {Threei}  ron :)

[09:29] {ese} her father was a principal who hated teachers

[09:29] {ese} she needs to be kicked out on her A#$%#$!!!!!!

[09:29] {jdetente} everyone hates teachers...

[09:29] {Les} who the hell likes teachers

01[09:29] {Threei} Short Setup: C  .90 break

01[09:30] {Threei}  If holds  50 

[09:30] {ese} lol

01[09:30] {Threei} Short Setup: GDX  .20 break

[09:30] {ese} well.....you know that visist i was going to pay to you ........it's off!!!!!

[09:31] {cipher} FTNT L .06

01[09:32] {Threei}  If holds  

01[09:32] {Threei}  Invalidated  C 

[09:33] {nemo} tsla dropping

01[09:33] {Threei}  GDX valid

[09:33] {cipher} XONE L.34

[09:33] {cipher} out .51

[09:34] {jdetente} GDX holding .30 right?

[09:34] {cipher} TSLA untradable 

[09:34] {cipher} even by my standards

01[09:34] {Threei}  unless it fprms closer resistance

01[09:34] {Threei}  lol cipher

01[09:34] {Threei}  that says a lot

01[09:35] {Threei}  GLD drops

01[09:35] {Threei}  come on GDX

[09:35] {nemo} like hitting an orbiting satellite with a sling shot

01[09:35] {Threei}  take a clue

01[09:35] {Threei}  no

[09:35] {Les} c potential dt here

01[09:36] {Threei} Short Setup: CAT  .60 break hl

01[09:36] {Threei}  If holds  .70 

01[09:36] {Threei}  Invalidated  

[09:37] {ese} L snts .31

01[09:37] {Threei} Short Setup: GLD  .40 break hl

01[09:37] {Threei}  If holds  .50 

[09:38] {cipher} MCRS L.51

01[09:38] {Threei}  and don't you dare be a scalp

01[09:39] {Threei}  weak support at .30, GLD... clear air under that

01[09:40] {Threei} Short Setup: C  .30 break

01[09:40] {Threei}  If holds  .35 

[09:40] {ese} out snts .40 +.09

01[09:40] {Threei}  no go C

01[09:41] {Threei}  trigger already GLD

01[09:41] {Threei}  and die

[09:41] {cipher} sfly l.71

[09:42] {Les} FAS dropping

01[09:42] {Threei} Short Setup: C  .35 break

01[09:42] {Threei}  If holds  .40 

01[09:43] {Threei}  fast...

[09:43] {cc_9} Good morning Gents.

01[09:43] {Threei}  cc9 :)

[09:43] {nemo} don't forget Les

[09:43] {Les} he can't be meaning me

[09:43] {Les} beat me to the punch line everytime

01[09:43] {Threei}  GLD invalidated

01[09:43] {Threei}  word of the day so far

[09:43] {thomcbell} prlb small long here 

[09:43] {thomcbell} 53.90

[09:43] {nemo} you're at an organic disadvantage

[09:43] {Les} I hesitate. Nemo never does

[09:43] {Les} lol

01[09:44] {Threei}  C 1:1 but I doubt it was obtainable

[09:44] {_fish_49} didn't fill here

[09:44] {Will49} nor here

[09:44] {jdetente} I kept full stop on original call...so still short C.

[09:44] {jdetente} high was .39

[09:44] {Les} playing .30 /.40 on smaller shares

01[09:45] {Threei}  Les... see jugular, go for jugular

[09:45] {nemo} jugular too quick...achilles long and painful

[09:45] {Les} someone's mispriced banksters

01[09:46] {Threei} Short Setup: CAT  .60 break

01[09:46] {Threei}  hl

01[09:46] {Threei}  If holds  .70 

01[09:46] {Threei}  aggressive for .50 break

01[09:47] {Threei}  no go

[09:47] {Les} c possible dt

[09:48] {thomcbell} out half prlb 54.50ish 

[09:48] {thomcbell} + 0.60

[09:49] {cc_9} DDD SCTY : wash rinse repeat, same as yesterday

[09:49] {thomcbell} out second half prlb 54.80's 

[09:49] {thomcbell} + 0.90s

01[09:52] {Threei} Short Setup: C  .35 break

[09:52] {Les} C going for bears jugular

01[09:52] {Threei}  If holds  .40 

[09:52] {thomcbell} kors at pivot here 

01[09:53] {Threei} Short Setup: SLW  .98 break

01[09:54] {Threei}  Invalidated  C 

[09:54] {Les} no go c

[09:54] {nemo} rax likely to test 41.75ish

01[09:54] {Threei}  SLW, if holds .05

[09:55] {nemo} mnst

[09:56] {cipher} soda s .80

01[10:00] {Threei}  *(US) MAY NAHB HOUSING MARKET INDEX: 44 V 43E

[10:00] {cipher} cov SODA .46 +.34

01[10:00] {Threei}  uh oh

01[10:00] {Threei}  IMF: Malta's financial system is resilient -

[10:00] {jdetente} Malta is an economic powerhouse

01[10:01] {Threei}  I've never heard about problem in Cyprus or Slovenia until suddenly I was reassured they were OK

01[10:01] {Threei}  lol jd

01[10:01] {Threei}  ah yes, there goes

01[10:01] {Threei}  IMF: Malta's financial system is resilient, although the nation's fiscal position has deteriorated and debt is uncomfortably high

01[10:02] {Threei}  good bye Matla

[10:02] {jdetente} I went there 5 years ago...not much infrastructure in general

[10:04] {ese} L cof .81

[10:04] {cc_9} DDD another attempt @ $50

[10:04] {cipher} INFI L .75

01[10:05] {Threei}  1:1

01[10:05] {Threei}  don't be a scalp!

[10:06] {cipher}  out infi .67

[10:06] {dino} vips sm l .01

[10:06] {dino} spike

[10:07] {dino} out vips .72, +.71

[10:07] {patel} crap

01[10:07] {Threei}  not yet

[10:08] {ese} damn cof stopped .69 -.11

[10:09] {cipher} vips l .76

[10:09] {dino} vips sm l .90 wide, pulp!

[10:09] {Les} perfect trendline breakdown on C son of a gun

[10:11] {cipher} out vips .65 -.11

01[10:13] {Threei}  stop to .96

01[10:14] {Threei}  1 cent to 1:2, ^&)(#%

[10:15] {jdetente} hit it with 2x4 and maybe we'll get full 1:2

[10:17] {cipher} VIPS S .65

01[10:17] {Threei} Short Setup: GDX  .25 break

01[10:17] {Threei}  If holds  .30 

01[10:19] {Threei}  half out .16

01[10:19] {Threei}  1:1

01[10:19] {Threei}  SLW 1L2 baby

01[10:20] {Threei}  what a timing on GDX

01[10:20] {Threei}  perfect short into bounce

06[10:20] * Threei dislocates his shoulder with all the self-patting on the back

[10:21] {_fish_49} C  kicks Vad in ass puts  shoulder back in place

[10:21] {robbers} Nice, GDX.

01[10:22] {Threei}  gold gets killed

[10:22] {ese} L apo .59

[10:22] {nemo} hey smelt...rookie

[10:22] {_fish_49} {--Crawls  back into rookie den

[10:22] {ese} L yoku.57

[10:23] {Will49} out SLW 1:3 tks Vad

01[10:23] {Threei}  SLW 1:3 is close enough, out

01[10:23] {Threei}  yw

01[10:23] {Threei}  btw will, check your e-mail

[10:23] {cipher} DECK S .88

01[10:23] {Threei}  GDX 1:2

01[10:24] {Threei}  day becomes bright and clear

01[10:24] {Threei}  no news for this gold rug pull

[10:25] {Les} who needs it? the world is back to normal

[10:25] {jdetente} goldbugs need diaper

[10:25] {jdetente} so all is normal

01[10:26] {Threei}  don't need it, just commenting... it's important

[10:26] {cipher} AMCX L .60

01[10:26] {Threei}  suchn drops with no news are meaningful

01[10:26] {Threei}  they indicate that main trend is intact

01[10:26] {Threei}  DOWN

[10:26] {Les} been interesting and important experience

[10:27] {Les} comparing myriad narratives offered by letter writers and righteous gold bugs

[10:27] {Les} and watching what price does

[10:27] {ese} out yoku .62 +.05

01[10:27] {Threei}  well... A Taoist Trader describes just this in depth

[10:28] {dino} vips stop .62-.28

[10:28] {robbers} Great book.

[10:28] {Les} Jessescafe has been fundamental to my learning curve

[10:28] {nemo} Les why don't you adopt a "no chatter" policy for the first 7 hours or so

[10:28] {cipher} cov VIPS .05 +.60

[10:29] {Les} the christian moral ethos of 'we'll get those evil people' by buying gold

01[10:29] {Threei}  idiots

[10:29] {Les} why don't u go and take my yoga lesson to heart

[10:30] {jdetente} christian moral ethos of buying gold...that's a new one

[10:30] {cipher} vips l .96

[10:30] {nemo} I prefer mine...longer lineage

01[10:30] {Threei}  I saw this crap on some tweeter feeds,

[10:30] {Les} now he writes of Bernanke's "stalingrad". It's only a matter of time...

01[10:30] {Threei}  "buy gold and solver, out banksterts out of business"

01[10:30] {Threei}  cretins

[10:30] {nemo} next is Bernanke's Potemkin

01[10:31] {Threei}  GDX 1:3 is close enough

[10:31] {jdetente} by the way Threei...found a nice typo in the May 13 trading log.

01[10:31] {Threei}  out

[10:31] {cipher} out vips .40 +.44

[10:31] {jdetente} "Nice albeit a bit boring day. Thongs moved in a lazy fashion,"

01[10:32] {Threei}  typo? in my typing? it just can't be

[10:32] {Will49} out tks Vad

01[10:32] {Threei}  oh

01[10:32] {Threei}  lol

01[10:32] {Threei}  that one I better correct

[10:32] {ese} lol

[10:32] {jdetente} pretty good one...what was Vad thinking about??

[10:32] {robbers} Vad was thinking of Hawaii again.

[10:32] {jdetente} lol

[10:32] {dino} vips sm l .25

[10:33] {Les} meant stick your head up yer ass Nemo, as you so kindly suggested following my departure

[10:33] {dino} ttwo sm l .25

[10:33] {nemo} no, I said you didn't need to work on your flexi bility since you have it there so often

01[10:34] {Threei}  changed... thanks jd

[10:34] {cipher} VIPS S .50

[10:35] {jdetente} cheers Vad

[10:36] {cipher} VIPS stopped .44 +.06

01[10:37] {Threei}  wow... GLD murder continues

01[10:37] {Threei}  and drags GDX and SLW with it

[10:37] {cipher} vips l .62

[10:39] {jdetente} 1:4 GDX 

[10:39] {dptl} C .53 short?

01[10:39] {Threei}  shrug

01[10:39] {Threei}  ot doesn't ciooperate today

01[10:39] {Threei}  why be stubborn

[10:39] {Les} in squeeze mode again

[10:40] {cipher} out VIPS .95 +.33

01[10:40] {Threei}  I want a weak anthelope, not drunk tiger in a fighting mood

[10:40] {Les} slw .50

[10:40] {Les} some consolidation and new break please, although might be trend change here

[10:40] {Will49} also in wives Vad :)

[10:40] {jdetente} out GDX in full at .78

[10:40] {jdetente} thanks Vad

[10:40] {ese} speaking of that.....what is gold worth an ounce these days.....is it still around $1000

01[10:40] {Threei}  :)

[10:40] {cipher} qcor l .95

01[10:41] {Threei}  will, checked e-mail?

01[10:41] {Threei}  it's about shishkebab!

[10:41] {Will49} no, not yet

01[10:41] {Threei}  hurry!

[10:41] {Will49} in that case, let me check

[10:41] {ese} auch du miya man!!!!!!!......check your email  that not just an ordinary email

[10:42] {dptl} CX .30 short?

01[10:42] {Threei}  around 1400, ese

[10:43] {ese} hmmmmm yet the gold stocks are getting pumbled

01[10:43] {Threei}  not my cup of tea, CX

[10:43] {Will49} Vad...no email from you, can you re-send

01[10:43] {Threei}  dcc

[10:43] {cipher} out QCOR .25 +.30

[10:43] {Will49} had an email problem on my playbook 

[10:43] {cipher} rost s .37

[10:44] {dino} ot vips .18, +.93

[10:44] {cipher} wtg

[10:44] {ese} wow dino.......nice

01[10:44] {Threei}  why wouldn't they get pumelled, 1400 is quite a drop from 1950

[10:45] {ese} ahhhhh...didn't realise it was that high

[10:45] {ese} tulips

[10:45] {Les} arguably ain't tulips yet

01[10:46] {Threei}  will be

[10:46] {Les} when one shiney bar buys a car...

[10:46] {ese} true

[10:46] {Les} then tulips IMO

[10:46] {dino} ty

[10:46] {patel} CAT short?

[10:46] {Les} and for life of me, wanna ride that tiger at least once in my life

01[10:46] {Threei}  .65 break

01[10:47] {Threei}  yes, hl

01[10:47] {Threei}  mania, les?

[10:47] {ese} which....gold or CAT

01[10:47] {Threei}  you can... short gold

[10:47] {Les} yeh

[10:47] {ese} lol

[10:48] {Les} do that with you. But if the market should bite long again...

[10:48] {Les} those stories out of that mania book u suggested to me

[10:49] {nemo} akam looks short

[10:49] {Les} to actually live through one...

[10:49] {ese} may be with you on that nemo.........been watching that for weeks now

[10:50] {ese} coulda shoulda thing......almost got in just before that gap up but decided not to because of my Denmark and Memphis trips.....couldn't monitor properly

[10:51] {dino} vips .90 trig sm l 

[10:52] {dino} invalid

[10:52] {dino} waiting for whoosh down

[10:54] {jdetente} CAT 1:1

01[10:54] {Threei}  CAT 1:1

01[10:54] {Threei}  good spot patel

01[10:55] {Threei}  ese, dcc please

[10:57] {ese} l apo avg .62

[10:57] {Les} bit late in the morning, but GLD could be setting up h&s through 135 short

[10:57] {nemo} look for HFC bounce here

[11:00] {jdetente} AKAM here nemo?

[11:03] {cipher} vips l.60

[11:03] {dino} vips sm l .71

[11:04] {Les} gld dropping again

[11:04] {Les} long 1235 if holding .90?

[11:04] {Les} 135

[11:05] {Les} invalide

[11:05] {nemo} no akam, looks like it wants all time high

[11:06] {nemo} well, post 2000 all time high

[11:06] {jdetente} sure does now

[11:06] {cipher} syna l .40

[11:07] {cipher} out .65

[11:07] {Les} long gld. 85

[11:07] {Les}  stop udner .75

[11:08] {cipher} syna s .90

[11:08] {cipher} cov.71

[11:08] {Les} half out .95

01[11:08] {Threei} Long Setup:  TZA  .55 break

[11:08] {nemo} cat at interesting re short position

[11:09] {nemo} .80 offer pulled

[11:10] {Les} 1:2 all out .05

[11:10] {Les} these little flushes of the DB stop becoming more common

[11:10] {dino} qcor drop

[11:11] {cipher} had a buy order at .50

[11:11] {cipher} damn

[11:12] {dino} 2 cents

[11:13] {cipher} AREX S .03

[11:13] {dino} vips to .99

[11:14] {dino} wtf slip ou .86, +.15

01[11:15] {Threei}  Invalidated  

[11:16] {Les} run Nemo run

[11:17] {Les} quick buck run on C

[11:17] {nemo} Paul Volcker comment

[11:18] {nemo} says unemployment to remain elevated...markets probably thinking QE to stay then

[11:20] {nemo} mpc

[11:20] {nemo} long bounce potential here

[11:21] {Les} miners are dead and gld might join them here

[11:24] {dino} nrgy drop

[11:24] {dino} sm l .12

[11:24] {RonS} fio pop

01[11:24] {Threei}  look at this level of despair and tell me gold is not going under 1000:

01[11:24] {Threei}  http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/5/15_How_A_Criminal_Syndicate_Of_Banks_Is_Raping_The_Gold_Market.html

[11:25] {Les} lol just need to read the link

[11:25] {RonS} $FIO Appaloosa Capital Management discloses 1.7 Million Share Stake in FIOI

01[11:25] {Threei}  word "bankster" in each second line

[11:26] {Les} interesting article I read the other day on another matter of trading

[11:26] {Les} http://tinyurl.com/cy6ou2k

[11:27] {nemo} hfc all the way back in

[11:27] {Les} when I read this

[11:27] {nemo} hfc here

[11:27] {Les} and saw the talk of the guy sweating in his sleep

[11:27] {Les} win $50k or lose $50k depending on the numbers...

[11:28] {Les} could say to myself, well daytrading don't need to be like that

[11:28] {_fish_49} must be holding a position over night

[11:28] {dino} i dream symbols all the time les

[11:28] {Les} but the guy was cracking under stress

[11:29] {dptl} HPQ 21 short?

01[11:29] {Threei}  I don't get it

01[11:29] {Threei}  what does day trading have to do with what he does?

[11:29] {dino} uh oh, maybe i should get check up

01[11:29] {Threei}  way too narrow dp

[11:29] {Les} not sure. but this purely mechanical system removes stress. not sure what Dylan is doing...

[11:29] {_fish_49} he should try the plane life  get on plane monday morning and get home friday night  see if that is better for him

[11:30] {dptl} hmm...in .99 :)

[11:30] {dino} lol

[11:30] {dptl} will keep .06 stop

01[11:30] {Threei}  during day trading hoopla of 90s there were articles everywhere showcasing all kinds of idiots with all kinds of idiotic approaches

[11:31] {dino} 3i always brings up my past

01[11:31] {Threei}  and since journalists themselves had zero idea, those were portrayed as "this is ewhat day trading is about"

[11:31] {Les} hehehe

01[11:31] {Threei}  lol dino

[11:31] {jdetente} and weren't a lot of those articles designed to discredit "daytraders"?

01[11:31] {Threei}  I guess

[11:32] {dino} jd, of course, daytrading is evil

[11:32] {jdetente} a lot of people believe that...

01[11:32] {Threei}  to this day if I admit what I do when asked on some party, someone inevitably says "oh yeah? but I seem to remember I read this one article once..."

[11:33] {dino} i always get, "that must be easy" to which i reply, then why don't you do it?

01[11:33] {Threei}  If I had enough to drink already, I say "Oh yeah? tell me what you do for a living, I'll try to remember one article I read about that and give you my opinion about your profession"

[11:33] {jdetente} a lot of people see it as illegitimate unless you are trading on the floor at nyse

01[11:34] {Threei}  one guys actually started telling me it can't work, referring to a study he read about in the paper

01[11:34] {Threei}  I asked him what he does, he turned to be a botanist

[11:34] {dino} i also get, "must be nice to be retired" simply because i work from home

[11:35] {Les} I explain to missus, I could be at market trading olives 2000 years ago, but today with everything electronic including cash, no need to...

[11:35] {RonS} response to "trade stocks and options for my own account" either "would like to be retired too" or look of me speaking Russian...

01[11:35] {Threei}  so I said, "hey, aren't plants are the same as animals, only much slower?"

[11:35] {dino} out nrgy, .47, +.35. retired, huh?

01[11:35] {Threei}  he saud what kind of idiocy is that,

[11:35] {cipher} shpg l.95

01[11:36] {Threei}  I answered "must be true, I read a study in the paper"

[11:36] {cipher} siro l.79

[11:36] {dino} i hear ya ron

01[11:37] {Threei}  ok, I present you the best answer to this question

[11:37] {Les} C 51 break with a little consolidation?

01[11:37] {Threei}  it will make them all shut up and look at you with respect

[11:37] {Les} gone

[11:37] {Les} or C short...

[11:37] {dino} ffin thin, spike

01[11:38] {Threei}  "I am managing a hihgly liquid portfolio of equities and exchange-traded funds, regularly re-aligned with aim for the high performance in two-sided markets"

[11:38] {Les} yeh I've thought of it like that, so as to make people understand what their retirement funds are about

[11:40] {dino} just tell them you are an evil speculator

[11:40] {jdetente} hehe

[11:40] {Les} I wonder how many people just expect to have money handed back to them when they retire, without realising how badly theirs was probably managed...

[11:41] {dino} most

[11:41] {jdetente} speculators like us just manipulate the market you know

[11:41] {Les} well Obama's on the job jd...

[11:41] {dino} indeed, my trading size causes disruptions

[11:42] {dino} especially when i trade a stock such as ffin

[11:42] {Les} u are the market in your stocks dino

[11:42] {dino} vips sm l .86

[11:42] {dino} lol les

[11:42] {jdetente} I was talking to a guy about the AAPL the other day. He said it's unbelievable how "they" can take down such a good company. lol

[11:42] {Les} some of them make me sweat

[11:43] {jdetente} "they" being market manipulators

[11:43] {jdetente} I just shook my head

[11:45] {dino} most really don't get it, including most talking heads on tv

[11:45] {dino} when i mention that i short as much as long, i get evil looks

[11:46] {RonS} lol...evil looks...

[11:46] {dino} and i'm told its hard to short, lol

[11:46] {patel} wow AVTI dropping hard

[11:46] {RonS} will someone tell shpg the appointment for the next trade is now...sheesh

[11:47] {cipher} AVTI L .77

[11:47] {RonS} ?

[11:48] {dino} want s2

[11:48] {dino} not going to get it

01[11:48] {Threei}  ATVI Said to be moving away from plans to buy back shares from Vivendi

[11:48] {cipher} out .96  thx patel

[11:49] {dino} ttwo stop .23 -.02

[11:49] {patel} no problem. 

[11:49] {Les} C dt

[11:54] {nemo} cat looks like setting up for lunch time breakout

[11:54] {cipher} VIPS L .90

[11:54] {dptl} ARO .20 short?

[11:55] {cipher} out vips .98

[11:55] {Les} AKAM tightening up with support underneath. Trying to get on long

01[11:55] {Threei}  no read on ARO

[11:55] {dino} vips feels like upside explosion coming

[11:58] {ese} out apo .05 +.42

[11:58] {dino} gj

[11:58] {ese} tks dino.....

[11:58] {RonS} gj ese

[12:00] {dino} qcor drop

01[12:02] {Threei} Short Setup: C  .15 break

01[12:02] {Threei}  If holds  .22 

[12:04] {dino} cyn

[12:06] {Les} got on AKAM and half off

01[12:09] {Threei}  If holds  .25 

01[12:09] {Threei}  just noticed typo

[12:10] {dptl} in .18 C

[12:11] {jdetente} well that was a close one lol

01[12:12] {Threei}  well, .22 made no sense however you slice it :)

[12:12] {dptl} stopped

01[12:12] {Threei}  stopped anyway

01[12:12] {Threei}  backing off of C for today

[12:12] {jdetente} C has become a difficult trade. 

[12:12] {patel} yeah

[12:12] {patel} C is a little bitch

[12:12] {_fish_49} taking the C off my keyboard

[12:12] {jdetente} Makes up the majority of our stopped trades over the last week or so

[12:15] {dino} cvi spike

[12:18] {cipher} idxx l .16

[12:19] {Les} GLD vol spike

[12:19] {Les} into vwap

[12:19] {Les} potential cup and handle building in AKAM

[12:20] {Les} sm. GDX short .96 holding .05

[12:21] {cipher} out idxx -.16

[12:25] {cipher} siro l .32

[12:27] {cipher} tna l .85

[12:33] {Les} GDX 1: 1partial

[12:35] {cipher} out siro .13 -.19

[12:43] {dino}  back. out vips while gone, .32, +.46

01[12:47] {Threei} Long Setup:  GLD  135 break hl

01[12:47] {Threei}  If holds  .90 

[12:48] {Les} GDX 1:2 keeping an eye on it for covering if need be

01[12:48] {Threei}  if GLD triggers, I think cover GDX

01[12:49] {Threei}  Invalidated  

01[12:49] {Threei}  for now

[12:51] {nemo} kss may be setting up short here

[12:51] {Les} GDX covered .76

[12:52] {backman} did gld hit 1:1 or is break still good

01[12:52] {Threei}  it never triggered

[12:52] {backman} gotcha...thank u

01[12:52] {Threei}  looking if setup reestablishes

[12:53] {backman} kk

[12:53] {Les} .85 short if doesn't recover?

01[12:54] {Threei}  if stays under .95, I think so

01[12:54] {Threei}  I can easily envision eod selloff

01[12:54] {Threei}  a bit early for that though

[12:54] {Les} k

[12:55] {patel} under .85 we giong short

01[12:55] {Threei}  if stays under .95

[12:56] {Les} AKAM just shy of 1:2 stopped flat 2H

[12:57] {Les} boss gets home, trading goes out the window :(

[12:58] {Les} women always need to speak

[12:58] {Will49} called being hen-pecked

[12:58] {Les} yeh and daytrading is the easy life they say...

01[12:59] {Threei}  long GLD is valid again

[12:59] {Les} .95 trigger?

01[12:59] {Threei}  no, 135

[12:59] {Les} k

01[13:01] {Threei}  and again it's not

[13:01] {cipher} idxx l.60

01[13:03] {Threei}  lol... NOW it triggers?

[13:03] {patel} is it valid?

01[13:03] {Threei}  no

[13:03] {patel} okay

01[13:03] {Threei}  let's sit it out

01[13:03] {Threei}  invalidated both sides

01[13:03] {Threei}  how do you guess which is going to work eventually

[13:04] {nemo} let Les trade it

[13:04] {Les} fas .75 long?

01[13:04] {Threei}  yes

01[13:04] {Threei}  I like it, with stop under .65

[13:05] {nemo} it's going to come in one more time

[13:06] {nemo} I'm thinking .50 area

01[13:06] {Threei}  invalidated too

01[13:06] {Threei}  amazing how many setups are invalidated today

[13:07] {Les} traders getting itchy on C

01[13:07] {Threei}  watching FCX for bounce

[13:07] {_fish_49} Vad  are most of your set ups coming from scanner  or eyes?

01[13:07] {Threei}  scanner and list of usual suspects

[13:08] {_fish_49} ty

01[13:08] {Threei}  list changes...

01[13:08] {Threei}  some come in, some go out

[13:09] {nemo} kinda' like women

[13:09] {Will49} :-)

[13:10] {Les} AKAM  back to 48 looking for another long entry

[13:13] {cipher} SOHU S .90

[13:14] {cipher} out IDXX .82 +.22

[13:15] {Les} AKAM 48 SHORT?

01[13:17] {Threei}  hard to tell

01[13:17] {Threei}  rather yes than no

01[13:17] {Threei}  52/48

[13:17] {Les} think it might be a false break will pass

[13:17] {nemo} if indexes head back up, AKAM should bounce around here

[13:17] {Les} inverte c&h spy

[13:17] {Will49} can't you be more precise Vad?

[13:18] {nemo} break out the slide rule Vad

01[13:19] {Threei}  I can't, I spilled vodka on my claculator... it rfuses to go beyong 2 digits after decimal point now

01[13:21] {Threei}  and goshdarnit, it argues with me

[13:22] {Les} oh well AKAM was good

01[13:22] {Threei}  I push 2x2, it dosplays "I thought you were remotely educated enough tofigure this one out without my help. Sarcastic laughter."

[13:22] {Les} must be soviet issue calculator

[13:22] {Les} the STalin edition

01[13:22] {Threei}  worth... georgian

01[13:23] {Threei}  worse

[13:24] {Les} so we are invalidated and invalidated to be left on the sidelines after lunch. C finally caves

[13:24] {cipher} cov sohu .80 +.10

[13:25] {Les} I was long from .32 and emotionally attached. Couldn't see the top

01[13:25] {Threei} Long Setup:  FCX  .70 break

01[13:26] {Threei}  If holds  .63 

[13:27] {Les} C 51 waiting for DB

[13:29] {Les} watching if TNA can put ina 2nd bottom around .65

[13:29] {Les} that large volume flush might have been it

[13:30] {Les} AKAM wow

[13:31] {jdetente} are you getting emotional Les?

[13:32] {jdetente} need a valium?

[13:32] {Les} got the glass I'm good ty

[13:32] {Les} GLD calmed down and gave a fine 135 entry

[13:33] {dptl} in fcx

[13:33] {patel} I'm in.

[13:33] {Will49} makes 3 of us

[13:34] {Will49} at least

[13:34] {jdetente} in like flynn

[13:34] {Will49} in like dirty shirt

[13:34] {Will49} like a

01[13:34] {Threei}  I'll refrain, none of my analogies are even remotely suitable for a decent company

[13:34] {jdetente} dirty wifebeater (shirt)

[13:35] {jdetente} the redneck uniform

[13:35] {cipher} UTHR L .06

[13:35] {jdetente} https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEieAwk2dIs79QRTx2e58IYqQwKcl_1QtSuLo6ffYwC55sEl_vrMSWmB3kG0co5_Twd_msbydZ8DHQnjMPmJ9axaVYz_llkEVXUnhFmMz11ATdndWDz3BTHJO8lVih0oWiWwae4mbfBPWg-s/s320/wifebeater.jpg

[13:36] {Will49} ?

[13:36] {Will49} so who's that JD?

[13:37] {Will49} is that a R & R singer?

[13:37] {jdetente} just some random redneck complete with mullet

[13:38] {dino} markets are dead

[13:38] {nemo} wish we could say the same thing about...

[13:39] {nemo} oh nevermind...too cruel

[13:39] {Will49} wait wait

[13:39] {nemo} I'm just not like that

[13:39] {Les} nah you're a broken record

[13:39] {Les} nothing to fear

01[13:39] {Threei}  just remember nemo's favorite love story, and why

[13:39] {Les} ?

[13:39] {cipher} uthr stopped +.01

[13:39] {nemo} Rome and Juliet

01[13:39] {Threei}  Romeo and Juliette...

01[13:40] {Threei}  because they both DIE!!

[13:40] {Les} oh right

[13:41] {Will49} jd....bet the wife beater's name is Wayne

[13:42] {Will49} a few years back it was the most common name of fed inmates

[13:42] {jdetente} I think you're confused Will

[13:43] {Will49} liklely

[13:43] {jdetente} a tank top is called a wifebeater

[13:43] {jdetente} lol

[13:43] {Will49} ah

[13:44] {Will49} led a sheltered life

[13:44] {jdetente} http://www.urbandictionary.com/define.php?term=wife%20beater

[13:44] {jdetente} see definition #2

[13:46] {Les} tna

[13:46] {Les} l .77 holding .65

[13:46] {backman} any musings on CAT below .88 for short entry

[13:47] {dino} mstr drop

01[13:48] {Threei}  not sure bman

[13:48] {backman} kk

[13:48] {cipher} mstr l .53

[13:48] {dptl} i need 1:2 fcx please

[13:49] {Will49} get your fcx on route 66

01[13:49] {Threei}  your wish is my command

01[13:49] {Threei}  1:2 is coming right up

[13:49] {dptl} ok thanx

[13:51] {Les} .79 partial ty

[13:51] {jdetente} 1:1 

01[13:51] {Threei}  1:1

[13:52] {thomcbell} ddd long 48.60 

[13:52] {thomcbell} stop is 48.47

[13:55] {cipher} SHPG L.51

[13:55] {cipher} SOHU L .19

[13:56] {Les} TNA stopped

[13:57] {cipher} out SOHU .31

01[13:57] {Threei}  that CAT starts looking better now

01[13:58] {Threei} Short Setup: CAT  .88 break

01[13:58] {Threei}  If holds  .95 

[13:59] {cipher} out mstr .64 

[14:08] {cipher} AREX drop

[14:08] {Les} TNA potential DB at .50 vwap is .40 might offer .50 long entry

[14:10] {dptl} fcx stop .74?

01[14:12] {Threei}  hmmm

01[14:12] {Threei}  why?

01[14:12] {Threei}  .69 for me still

[14:12] {dptl} k

01[14:14] {Threei}  CAT 1:1

[14:15] {backman} I wonder if CAT will retrace to yesterday's break out level of .40

[14:15] {RonS} splat that cat

[14:16] {Les} market starting to think about Fed intetions?

[14:17] {Les} or just testing the waters again...

01[14:17] {Threei}  bitcoin/us dollar Dept of Homeland Security investigating the largest Bitcoin exchange Mt Gox; has seized Mt Gox's funds held in the money transfer service Dwolla (update)- Homeland security alleged that Mt Gox was engaging in 'money transmitting' without a license

[14:17] {cipher} PCYC L .96

[14:18] {Will49} meow tks ad

[14:18] {Will49} Vad

01[14:18] {Threei}  (US) White House Press Sec: President to meet with Treasury today to discuss next steps regarding IRS investigation

01[14:18] {Threei}  yw

[14:18] {dino} lol, next steps, "please don't rat me out"

01[14:19] {Threei}  this has such a watergatie smell

01[14:19] {Threei}  (US) Treasury's Brainard: There is a risk the global economy is overly dependent on the US, there is a lack of demand growth in advanced economies- Economy worldwide remains sluggish and fragile

[14:19] {jdetente} how dare they...our fearless leader is the second coming of Christ 

01[14:19] {Threei}  who called him brainard...

[14:20] {jdetente} :p

01[14:20] {Threei}  I am not even sure about "second"

[14:20] {jdetente} haha

[14:21] {Les} here's the second coming of C

[14:23] {dptl} RHT .10 short?

01[14:27] {Threei}  hl

01[14:27] {Threei}  frikin FCX

01[14:28] {Threei}  coming on 1:2 now

[14:29] {dptl} inRHT

[14:33] {dino} geva drop

[14:34] {cipher} geva l .17 small

[14:34] {dino} :)

01[14:35] {Threei}  RHT 1:1

[14:36] {dino} arex sm l .45

01[14:36] {Threei}  1:2

[14:36] {Les} covered ty

[14:36] {Will49} wtg dp

[14:36] {cipher} arex l. 45

[14:37] {Les} nice day

01[14:37] {Threei}  getting there

01[14:38] {Threei}  CAT 1:2

[14:42] {dino} mstr new lod

[14:42] {cipher} geva stopped -.04

[14:43] {dino} that ones even wide for me

[14:44] {thomcbell} out DDD with small profit 

01[14:44] {Threei}  CAT 1:3, out

[14:44] {thomcbell} see y'all tomorrow 

[14:44] {dino} cya

[14:44] {_fish_49} cya thomb

01[14:44] {Threei}  take care tbell

[14:44] {Les} cheers

01[14:44] {Threei}  it's official: nice day

01[14:44] {Threei}  take that C

[14:44] {_fish_49} lol

[14:46] {jdetente} 1:4

[14:46] {dptl} clf .20 short?

[14:47] {dino} arex stop .28 -.17

01[14:47] {Threei}  not sure, SPY is about to bounce

[14:47] {Les} TNA 49?

[14:47] {Les} holding .90?

01[14:48] {Threei}  ugh

01[14:49] {Threei}  yes

01[14:49] {Threei}  lol

[14:49] {Les} partial 1

[14:49] {patel} thanks Les

[14:49] {patel} out

01[14:49] {Threei}  gj

01[14:49] {Threei}  looked away for a second and missed

01[14:49] {Threei}  may I console myself with the thought that it was my SPY comment that inspired the idea?

[14:50] {Les} absolutely

[14:50] {Les} I suck at knife catching

[14:51] {dino} vips sm l .75 gappy

[14:52] {nemo} keep practicing Les, start with spears

[14:52] {dptl} KBH .55 short?

01[14:53] {Threei}  looks like

[14:53] {dino} yelp drop

[14:54] {Les} 2nd partial

01[14:54] {Threei}  if there was a symbol DROP, line "drop yelp" would have sounded just as plausible

[14:55] {Les} TNA tradeable again since the split

01[14:55] {Threei}  yup

[14:55] {dino} yelp sm l .20

[14:56] {Les} wondering if market do a hail mary close or I should temper my greed on TNA

[14:56] {Les} stop .10

[14:57] {Les} done

[14:59] {Les} don't forget the mienrs

[14:59] {Les} miners

[15:00] {nemo} well the indexes are setup long, but it's a matter of if the indexes are basically done for the day

[15:00] {nemo} Know we had that nice pullback, but that was very orderly

[15:01] {Les} slw .20 short?

[15:01] {Les} note we are in way oversold territory for day

[15:02] {dino} yelp stop -.30

[15:02] {cipher} ANGI L .16

01[15:04] {Threei}  no

[15:05] {Les} TNA last go .11/.00

[15:05] {Les} 1st partial

[15:08] {cipher} SPLK L .94

[15:09] {Les} fas 69break?

[15:09] {Les} 68

[15:09] {nemo} dt at .10

[15:11] {Les} TNA stopped .29

[15:11] {dptl} l CLF .22

[15:12] {nemo} guess we have to close at new highs like we do every day

[15:13] {Les} typical left by the wayside as always

[15:16] {dptl} stopped clf

[15:16] {dptl} just cant read anything

01[15:17] {Threei}  take a deep breath dp

01[15:17] {Threei}  sdtep back and ask yourself, are you repeating that pattern of "trade, trade,, trade, thnere is setup or no, do I have a read or not, but trade and trade"

[15:18] {dptl} yeah...not doing that great again

01[15:18] {Threei}  why the *&^% do you do this again???

01[15:18] {Threei}  every time you do it, you lose

01[15:19] {Threei}  we make 5 calls, you take 15 trades

[15:19] {nemo} akam

[15:19] {dptl} yeah...stupid stupid

[15:19] {nemo} dura

01[15:19] {Threei}  by room calls, nice solidly winning day

[15:20] {nemo} akam with a little bounce might said up a nice short

01[15:20] {Threei}  you promised not to do that anymore. So man up and just DON'T!

[15:20] {dptl} thats it.....no more

[15:21] {_fish_49} for today

[15:21] {nemo} are you in this to trade or make money?

[15:21] {Les} I like it when Vad is harrassing others instead of me

[15:21] {Les} Nemo can just shut the /&%&% up

01[15:22] {Threei}  well, it worked with you when I harrassed you about indicators

01[15:22] {Threei}  let's do the same with dp

01[15:22] {Threei}  how about this:

[15:22] {nemo} It's an important question Les

[15:22] {Les} of course it is

[15:22] {Les} I just take every opportunity...

[15:22] {_fish_49} If I recall Les was a Cowboy when he joined the room

01[15:22] {Threei}  for the next 2 days you take room calls exclusively, no single trade beyond that

[15:22] {_fish_49} lol

01[15:22] {Threei}  not even klooking for a trade

01[15:22] {Threei}  not asking

[15:22] {nemo} no, he's a frickin' wombat poking sheila

[15:22] {Les} still am

01[15:22] {Threei}  just waiting for a room call

[15:23] {nemo} I know akam is a pain trader, but setup is their below .70

[15:23] {backman} OK, me 2....just finished my worst day since joining the room

01[15:23] {Threei}  how???

01[15:23] {Threei}  you guys...

[15:23] {nemo} he listened to Les

[15:24] {dptl} ok....promice :) turning all the scanners and watchlists off

[15:24] {Les} they comin outta the woodwork now

[15:24] {backman} nemo, i've learned something....

[15:24] {Les} hey, now its NOT Les takin a hammerin they man up!!

[15:24] {nemo} oh oh

[15:24] {Les} of my TNA offers another entry

[15:24] {Les} oh my

[15:25] {Les} 3rd time I pass

[15:25] {patel} I finished green for the day and didnt even do GDX and SLW.

[15:25] {nemo} what backman?

[15:25] {nemo} well akam not cooperating

[15:25] {jdetente} nope

[15:26] {Les} AKAM mess

[15:26] {Les} now

[15:26] {jdetente} kicking myself for missing short at highs of day

[15:26] {nemo} any bets on finishing on highs of the day?

[15:26] {Les} one weird ass day with C's behaviour that's for sure

[15:27] {jdetente} C is dead to me

[15:27] {Les} maybe, but I can't make out bottom of IWM here

[15:27] {jdetente} once bitten twice shy they say

[15:27] {Les} it's a mess too

[15:28] {nemo} frickin' akam again

[15:29] {jdetente} AAPL bugs taking it in the shorts again today

[15:29] {nemo} yeah and right here might be a good place to short again

[15:35] {nemo} looks like the shorts covering on aapl

[15:35] {jdetente} yup

[15:36] {nemo} thought it might have a shot at the 420 gap today

[15:36] {Les} big volume on GDX here

[15:37] {jdetente} Vxx once again unimpressed with market moves. Been up all day.

[15:44] {backman} nemo, not to listen to Les of course

[15:45] {jdetente} alright fellas. calling it a day. good trading.

[15:45] {Will49} peace jd

[15:45] {Les} me 2

[15:46] {Les} cheers

[15:46] {nemo} oh, good boy backman

[15:46] {_fish_49} same

[15:46] {Les} Nemo's got yer back... man *wink wink*

01[15:46] {Threei}  thank you all, have a good evening

[15:47] {Will49} good day Vad...tks

01[15:47] {Threei}  see you tomorrow

[15:47] {_fish_49} thanks Vad

[15:47] {_fish_49} bye all

[15:47] {patel} take care

[15:49] {dino} wow vips drop on big beat and raise

[15:52] {nemo} optr

[15:59] {dino} gn all

May 14 2013

Positive day but not without disappointments - the biggest being GLD working for the first partial, then stopping second half before plunging to 1:6 in a matter of minutes. Oh well. When market climbs like this, any positive day is an achievement. 

Session Time: Tue May 14 00:00:00 2013

[08:05] {thomcbell} gm

[08:26] {nemo} Wow...Angelina Jolie had a double mastectomy

[09:06] {jdetente} gm

01[09:07] {Threei}  morning tbell, jd

[09:10] {dino} gm

01[09:10] {Threei}  dino :)

[09:10] {_fish_49} gm all

01[09:10] {Threei}  fish :)

[09:10] {thomcbell} hi all

[09:11] {RonS} howdy

01[09:11] {Threei}  ron :)

[09:17] {Les} gm

01[09:17] {Threei}  Les :)

[09:17] {Les} happy to have found other things to do besides wtching yesterdays market, lest I become even more dumb and dangerous than usual

[09:18] {Les} nice TZA catch

[09:20] {dptl} gm

[09:21] {ese} gm

01[09:21] {Threei}  dp, ese :)

[09:21] {ese} dddddddddddpppppppppppp!

[09:21] {ese} vad

[09:21] {dptl} :)

[09:22] {backman} gm

01[09:22] {Threei}  bman :)

[09:23] {Alexs} gm

01[09:23] {Threei}  alex :)

[09:23] {cipher} gm

01[09:25] {Threei}  cipher :)

[09:32] {Les} way outside 15 min bb's indexes caution

01[09:33] {Threei} Long Setup:  GDX  29 break

01[09:33] {Threei}  If holds  .90 

[09:33] {patel} gm

01[09:34] {Threei}  patel :)

[09:34] {patel} only thing I see is if holds .90

[09:34] {jdetente} GDX 29 break patel

[09:34] {patel} thanks jd

[09:36] {ese} sheesh scty......20 cent spread 30 cent spread 20 cent spread......forget that

[09:36] {Les} JPM spike

01[09:37] {Threei} Short Setup: C  .45 break

01[09:37] {Threei}  If holds  .50 

01[09:38] {Threei}  no go

[09:38] {dino} 17 tuesday up days in row, does it continue/

[09:39] {nemo} all clear air up here dino

[09:39] {dino} yeah, as livermore would say, "we'll we're in a bull"

[09:39] {nemo} more like Pamplona

[09:40] {thomcbell} nibbled qihu 37.77

01[09:40] {Threei} Short Setup: CAT  .50 break hl

01[09:40] {Threei}  If holds  .60 

01[09:42] {Threei} Short Setup: GDX  .85 break

01[09:42] {Threei}  If holds  .95 

01[09:43] {Threei}  Invalidated  

01[09:43] {Threei}  CAT target 1:2

01[09:43] {Threei}  1:1

01[09:44] {Threei}  1:2, out

[09:44] {patel} out

[09:44] {robbers} Thanks, CAT.

[09:44] {patel} beautiful 

[09:44] {backman} thank u

01[09:44] {Threei}  meow

[09:44] {jdetente} nice thanks

[09:44] {_fish_49} thanks on CAT

01[09:44] {Threei}  yw

[09:44] {ese} been a while since i've seen one trade as crazy as scty

[09:44] {nemo} watch Les trade

[09:44] {Les} ty was gunning for 1:3 but exit in full

[09:44] {dino} how about ilmn or act on friday ese

[09:44] {RonS} guess not watching tsla then...

[09:44] {jdetente} yeah I was going to say ACT also

01[09:44] {Threei}  well, 1:3 is here too

[09:45] {Les} craaap

[09:45] {jdetente} that was nutty

[09:45] {Les} and 1:4 lol

[09:45] {ese} ya......i remember ilmn

01[09:45] {Threei}  going against the market seemed to be a stretch even for 1:2, lol

[09:45] {Les} potential lower high forming in C JPM possible DT

01[09:46] {Threei} Short Setup: C  .50 break

01[09:46] {Threei}  If holds  .60  of course

01[09:47] {Threei}  good call les, exactly what I aim for on C

[09:48] {Les} yeh won't ask pesky questions in future, just call the potential as I see it

[09:48] {backman} GDX found the love

[09:48] {Les} I noticed GLD was favoured over miners yesterday

01[09:48] {Threei}  we asked it to do that first thing ihn the morning

01[09:49] {Threei}  wow CAT

01[09:49] {Threei}  Invalidated  C 

[09:49] {Les} GLD from 138 :(

[09:51] {Les} C at daily R3 already

[09:52] {RonS} it wants to test 50...which is really 5...

01[09:53] {Threei} Short Setup: C  .70 break

01[09:53] {Threei}  If holds  .75 

01[09:57] {Threei}  Invalidated  

[09:57] {dino} qihu sm l .86

01[09:57] {Threei} Long Setup:  SLW  .50 break

01[09:58] {Threei}  If holds  .45 

[09:59] {Les} if C doesn't give ground here could be squeeze day

[09:59] {backman} stop slw ...44?

01[10:00] {Threei}  yes

[10:00] {dino} qihu stop .79, -.07

[10:03] {dino} post sm s .80 gappy

01[10:03] {Threei}  1:1

01[10:04] {Threei}  got an unsigned e-mail from someone with request to inform everyone, we will have to guess who it is:

[10:04] {robbers} Thanks, SLW.

01[10:04] {Threei}  I would like to apologize to anyone I haven't offended yet. Please be patient. I will get to your dumbass shortly.

01[10:04] {Threei}  yw

[10:05] {RonS} took +.13 slw ty 3i

[10:05] {jdetente} haha

01[10:05] {Threei}  sure... but why so soon

[10:05] {patel} wow

[10:05] {Les} Nemo?

01[10:05] {Threei}  GDX spikes

[10:05] {patel} 1:2 baby

01[10:05] {Threei}  1:2

[10:05] {nemo} what Les?

[10:05] {patel} just reply back and say 1:4. We will get back with you shortly with another 1:4

[10:06] {_fish_49} I didnt get in SLW  I thought Holds .45 means if I see .44 it's invalid?

01[10:06] {Threei}  hehe

[10:06] {Les} your email...

[10:06] {Les} to vad

01[10:06] {Threei}  yes fish... but it never lost .45 after the call

[10:06] {_fish_49} ok  so in that caase  Bid  holds .45?

[10:07] {_fish_49} I seen the ask at .44

[10:07] {Alexs} it did but u didn't say invalidated

[10:07] {jdetente} it printed .44? I didn't see that...

[10:07] {nemo} lr

[10:07] {nemo} joy weak fslr weak

01[10:07] {Threei}  I never saw ask that low...

[10:07] {patel} I never saw that either. 

[10:07] {patel} The lowest I saw .47

[10:08] {_fish_49} 10 am I seen .44

[10:08] {Les} the bid might have shown .44, but no print was made at .44

01[10:09] {Threei} Short Setup: C  .90 break

01[10:09] {Threei}  If holds  .95 

01[10:09] {Threei}  all who saw it under .45, what quotes do you use? thinking it might be a broker-specific thing?

[10:10] {nemo} finnies aren't ready to come in yet

[10:10] {Les} JPM a lot weaker. could return to retest 50

[10:10] {_fish_49} TS

01[10:10] {Threei}  alex, you?

01[10:10] {Threei}  ok C, let's do it

[10:10] {backman} stop .96

[10:11] {backman} ?

01[10:11] {Threei}  yes

01[10:11] {Threei}  [10:09] {Threei} If holds .95

[10:12] {Alexs} call was at 9:58 at 9:59 Lo was .44 on my chart but I bought it anyway ty Vad

[10:12] {jdetente} DDD on a tear again today

01[10:12] {Threei}  yw

01[10:13] {Threei}  what broker, alex?

[10:13] {Alexs} lightspeed

01[10:13] {Threei}  different then...

01[10:13] {Threei}  there goes my theory

[10:13] {_fish_49} ur still on laser Vad?

01[10:13] {Threei}  yes

[10:13] {_fish_49} most people here  on laser?

01[10:14] {Threei}  laser, das, fusion

[10:14] {nemo} LSD peyote psylocibin

01[10:14] {Threei}  laser is unavailable for US-based traders

[10:14] {_fish_49} was that a change this year?

01[10:14] {Threei}  but cc-8 and 9 have two other options

01[10:14] {Threei}  I think it's been couple years already

[10:15] {_fish_49} is  cc-8 and 9  same person?

01[10:15] {Threei}  no, same brokerage

[10:15] {Les} oops I stand corrected

[10:15] {_fish_49} ok  I will yell at them during lunch

[10:15] {Les} fusion shows a wick touching .44

[10:15] {_fish_49} means it traded  at that price

[10:15] {Les} must have been 100 or 2

[10:16] {_fish_49} all is  ok  jut wanted  to make sure  I understand  if holds .45 means  any price hit below it will invalidate the call

01[10:16] {Threei}  usually yes, with some exceptions,

[10:16] {nemo} feels like they want 165 today

01[10:16] {Threei}  such as:

01[10:17] {Threei}  price dives to the invalidation point very briefly, barely 1-2 prints go off, and it immediately recovers

[10:17] {_fish_49} ok

01[10:17] {Threei}  often in such cases we consider it an accident not changing the structure,

01[10:18] {Threei}  and I usually make sure to say "still valid"

[10:18] {_fish_49} thanks for taking the time  to explain

01[10:19] {Threei} Long Setup:  TZA  .40 break

01[10:19] {Threei}  If holds  .30 

[10:19] {nemo} all I can think of is Joe Walsh when i see "fish-49

[10:19] {dino} tsla 7 buck drop

[10:20] {_fish_49} lol @ nemo

[10:20] {nemo} yeah, song keeps going back and forth in my head

[10:20] {jdetente} nice one haha

[10:20] {dino} post stop .14 -.34

[10:21] {nemo} indexes short here, just don't know how far they'll come in

01[10:21] {Threei}  this is what I am trying with both C and TZA

[10:21] {nemo} short iwm, more bang

[10:22] {ese} L scty .74 to see what happens 1/2

[10:23] {nemo} bidu drop of .80 might be worth a try

[10:23] {nemo} oops too late

[10:23] {_fish_49} Nemo  Indian Summer?

[10:24] {nemo} Funk 49

[10:25] {nemo} stuff I grew up with

[10:25] {jdetente} isn't the lyric: drink all day, sleep all night?

[10:25] {ese} bizzare watchin scty.....it's like the wild wild west

[10:25] {jdetente} a nemo lyric if I've ever seen one

[10:25] {nemo} my motto

[10:26] {Les} can fade c on break of .95?

01[10:26] {Threei}  hard to tell

01[10:26] {Threei}  SPY might double-top here

[10:26] {jdetente} C is a dirty rotten scoundrel

01[10:26] {Threei}  it sure is

[10:27] {jdetente} squeezing us today

[10:28] {Les} shorted JPM for .06 C showing all signs of squeeze

[10:28] {thomcbell} sold half qihu 38ish

01[10:28] {Threei}  grrr

[10:29] {backman} GILD not fading today....atypical

[10:29] {Les} now SLW showing no print at .44 WTF

[10:29] {Les} dark pool stuff?

[10:29] {Les} slw short .50?

01[10:29] {Threei}  nah

[10:29] {cipher} bidu s .15

[10:31] {Alexs} c long 50?

[10:31] {dino} post sm s .22

[10:32] {cipher} cov BIDU .80 +.35

[10:33] {cipher} nxst l .45

[10:33] {ese} out scty .52 -.22 nah.....couldn't make it work......was interesting experiment though

[10:36] {cipher} BIDU L .85

[10:36] {jdetente} VXX not interested in market move today...

[10:36] {cipher} out .00

01[10:36] {Threei}  can't bring myself to do that alex

[10:37] {cipher} NXST stopped .50 +.05

[10:37] {nemo} here comes 165

[10:37] {ese} L nxst .51

[10:38] {ese} hmmmm C just noticed your long .45

[10:38] {ese} nxst

[10:40] {dino} post stop .52-.31 done w/it

[10:41] {cipher} TZA L .15

[10:41] {cipher} bidu s .23

[10:41] {_fish_49} on C  I see a huge offer at 50  is that real or  fake?

01[10:41] {Threei}  who knows

[10:41] {cipher} cov bidu .02 +.21

01[10:42] {Threei}  when someone buys 100 shares frpm them, they either stay or disappear - that's when you know

[10:42] {dino} sstk

[10:42] {ese} nothin is as it seems fish

[10:42] {backman} i am the walrus....kookacho ...kookachu

[10:43] {nemo} nanananananananananananana backman!!!

[10:43] {ese} lots of people out there tryin to take your good hard earned cash

[10:43] {cipher} semolina pilchard :)

[10:43] {Les} http://tinyurl.com/czyd4sj

[10:44] {Les} some might dislike this guy here

[10:44] {nemo} yeah, like Obama

[10:44] {Les} but very few places I hear of 'dollar is king'

[10:45] {cipher} TZA stopped -.07

[10:45] {Les} everywhere else dollar is Fed conspiracy

[10:45] {nemo} joy

[10:45] {dino} sstk sm s .35 gappy

[10:45] {ese} cipher....you got a target for nxst

[10:46] {cc_9} 2009 : short the market they said

[10:46] {cc_9} 2010 : add to your short, they said

[10:46] {cc_9} 2011 : soon...

01[10:46] {Threei}  I am absolutely sure that the dollar will be the king once again, and soon enough

[10:46] {cc_9} 2012 : this is it, the market will crash

[10:46] {dino} cov sstk .75, +.60

[10:46] {cc_9} 2013 : X__X 

[10:46] {nemo} buy KY jelly and a hemrrhoid pillow

[10:46] {backman} C worth considering on brk of .92?

01[10:47] {Threei}  it is bman

01[10:47] {Threei}  but let's do hl

[10:48] {nemo} yeah, shorting this market is whack-a-mole

[10:48] {backman} well..im in at .91

[10:49] {nemo} joy looks good here

[10:52] {ese} out nxst .86 +.35

01[10:53] {Threei}  Les, speaking of Armsteong - I wish I understood what he means when he says "our computer"

01[10:53] {Threei}  he repeats it often and I haven't found any explanation

[10:53] {Les} reckons he's created artificial intelligence, or as close as it comes.

[10:53] {Les} I have no idea as to the veracity of said claim

[10:53] {backman} out -.03

[10:54] {Les} I do know he relocated to Switzerland recently lol afraid of the IRS goblins...

[10:55] {Les} missed yer joy call nemo got away

[10:55] {backman} short gild .44  

[10:55] {Les} Nemo JOY short here at VWAP?

[10:56] {Les} whatever. just watchin

[10:56] {ese} L armh .09

[10:57] {ese} 1/2

[10:58] {backman} out -.10

[11:00] {nemo} 165

[11:00] {ese} L armh avg .10

[11:00] {nemo} but I have a level at 165.12

[11:02] {Les} Want C as a long squeeze with a safe pullback entry like under .90 there. Hope we're not breaking here...

[11:02] {_fish_49} huge offer still sitting on 50

01[11:03] {Threei}  feels ,like it's destined to be taken

[11:04] {nemo} well, short signals on index

[11:04] {cipher} TZA L .05

[11:05] {nemo} get bigger bang shorting iwm

[11:05] {nemo} more liquid too

[11:05] {ese} out armh .16 +.06

[11:12] {dino} sstk sm s .20 whip

[11:13] {dino} cov .75, +.45

[11:16] {Alexs} are u in C trade Vad?

01[11:17] {Threei}  no

01[11:17] {Threei}  doesn't meanit's a bad trade

01[11:17] {Threei}  I just don't view it as compelling enough

[11:19] {Les} JPM back to vwap should serve as support if C is going to follow through. good short candidate in case of bankster sell off

[11:19] {cipher} vprt l .83

[11:21] {nemo} if you want to try a break down short of spy, below .80 with stop at .90,  use sds

01[11:22] {Threei} Short Setup: GLD  .65 break hl

01[11:22] {Threei}  If holds  .75 

[11:24] {cipher} our VPRT .95 +.12

[11:25] {ese} L nsm .44

[11:26] {patel} targets on GLD

01[11:27] {Threei}  1:1

01[11:27] {Threei}  1:3

[11:27] {ese} hmmmmm not the worlds greatest fill .44   but i've had worse

[11:27] {cipher} BBRY L .95

[11:28] {Les} .44 again hey. voodoo number

[11:28] {cipher} out BBRY .05 +.10

01[11:28] {Threei}  C starts working

01[11:29] {Threei}  who took it, enjoy thwe ride, well deserved

[11:29] {nemo} c should bounce here if it's gonna'

01[11:30] {Threei}  shouldn't

01[11:30] {Threei}  shoild lose .80 and drop sharply

01[11:32] {Threei}  die GLD

01[11:33] {Threei}  and C

[11:36] {dptl} LOW .75 short?

[11:37] {ese} out nsm .76 +.32

[11:38] {ese} what power man what power.............have just triggered a massive sell off .10 cents

01[11:38] {Threei}  LOW, yes

01[11:39] {Threei}  oh well GLD... just a scalp

[11:39] {cipher} YY L .20

[11:39] {nemo} yeah, think they retest 165, with a possible push to .12 and IWM is the proverbial hair form 98 and a monthly level at .04, and of course, fas topped at the WR2 and will likely retest.  We'll probably see relative simultaneity between the three, then short should be good

[11:39] {Les} long C .92 stop under recent low

[11:42] {jdetente} GLD grrr

[11:42] {Les} SPY gotta give me some love here

[11:42] {nemo} bend over

[11:42] {jdetente} lol

[11:42] {dptl} stop .82 for LOW Vad?

01[11:42] {Threei}  murderous bastard

[11:42] {ese} lol

[11:42] {Les} you have  athing for bending over Nemo...

01[11:42] {Threei}  yes dp

[11:42] {ese} ouch

01[11:43] {Threei}  &^#)(^@

[11:43] {jdetente} son of a motherless goat

01[11:43] {Threei}  rofl

[11:43] {ese} horse riding motherlass goat

[11:44] {Les} oh lol just saw GLD

[11:44] {Les} not the first time today we be rinsed

[11:45] {Les} should be watching the chart action. gravestone doji I think, outside BB's, a rinse play

[11:46] {Les} 11:39 a gravestone?

[11:47] {cipher} BBRY S .20

[11:48] {cipher} YY stopped -.10

[11:49] {nemo} spy hit exactly .12

[11:49] {cipher} TZA L .91

[11:49] {nemo} bring it out Vad

01[11:49] {Threei}  ?

[11:50] {nemo} [11:45] {Les} should be watching the chart action. gravestone ...

[11:50] {Les} what? gonna 4X2 me for that?

[11:50] {nemo} Vad...the picture

[11:50] {Les} C stop to .90

01[11:50] {Threei}  oohhh... lol

01[11:51] {Threei}  by now you could have bookmarked it

01[11:51] {Threei}  http://www.realitytrader.com/vad/LES.JPG

[11:52] {_fish_49} lol

[11:52] {nemo} I can hope cant I?  ;-(

[11:52] {dino} irbt sm s .56

[11:52] {Les} C stopped -.03

01[11:53] {Threei}  can't believe GLD did this to us

[11:53] {nemo} o.k.  only thing is IWM didn't break 98, but that may be the high for the day

[11:53] {Les} JPM making new lows

[11:53] {cipher} yy S .10

[11:53] {nemo} joy looks good here folks

[11:53] {nemo} short

[11:54] {nemo} if market comes in, that should be a good ride down

[11:54] {cipher} cov YY .80 +.30

[11:54] {cipher} shorts working

[11:55] {dino} gj

[11:56] {cipher} TZA stopped .95 +.04

[12:00] {dino} irbt to .51

[12:01] {Les} FAS SPY could be putting in lower highs here, if .90 can be broken and and .35 FAS

[12:01] {Les} wrong time of day

[12:01] {nemo} you

[12:02] {nemo} you're close to inflection time, still think they have to try to push IWM one more time though

[12:02] {dino} cov irbt .45, +.11

[12:03] {dino} taking break

[12:04] {nemo} indexes signaling short here

[12:05] {cipher} CTRP S .11

[12:05] {RonS} ese, grpn cueing for breakout...

[12:06] {nemo} yeah, only thing is, market might be done going up  so nothing to pull it along, maybe even some downward pressure...anybody know where max pain on indexes is this week?

[12:06] {cipher} cov CTRP .00 +.11

[12:10] {cipher} CTRP L .95

[12:10] {Les} FAS .50 long?

01[12:10] {Threei}  looks like

[12:10] {Les} hl

[12:11] {Les} C coming in

[12:12] {nemo} this market is somethin'

01[12:15] {Threei}  1:1

[12:15] {cipher} TSLA L .58

[12:16] {cipher} out .88 

01[12:17] {Threei}  49% Think Obama Good or Excellent Leader

01[12:17] {Threei}  well, real question is leading where

[12:18] {nemo} 84% of the people have average or lower intelligence

[12:19] {cipher} out CTRP .14 +.19

[12:19] {_fish_49} 40+% dont pay taxes.  I will love you too if you dont make me pay taxes

[12:19] {ese} hey ron tks......been on the phone.......you know....acting like a big shot....buy New York......sell Chicago........

[12:20] {cipher} got some stuff to do 

[12:20] {cipher} see you tomorrow

01[12:20] {Threei}  take care cipher

01[12:20] {Threei}  do the stuff well

[12:20] {dino} ilmn spike

[12:20] {ese} well not really.......trying to find out which parents are going to hand out fliers along the Victoria Day parade route with my R&B band on a flat bed truck

[12:20] {Les} cheers

[12:22] {nemo} short indexes

[12:23] {nemo} they still might try to get IWM over 98, but we could get a rug pull here

01[12:23] {Threei} Short Setup: GLD  138 break hl

01[12:24] {Threei}  If holds  .10 

[12:24] {dptl} stopped LOW

[12:25] {dino} ew sm s .50 break

01[12:25] {Threei}  1:1

[12:26] {nemo} bbry looks short

01[12:27] {Threei}  for the last 3 years, I might add

01[12:28] {Threei} Short Setup: GLD  138 break hl

01[12:28] {Threei}  If holds  .05 

01[12:30] {Threei}  1:1 again

[12:30] {_fish_49} ty times 2

01[12:30] {Threei}  deja vu

01[12:30] {Threei}  yw x 2

[12:31] {Alexs} nice lets ride like this many times

01[12:31] {Threei}  hehe

01[12:31] {Threei}  no... third time is not like to work

01[12:31] {Threei}  if it goes above 138 again, trend is likely to change

[12:32] {Les} GDX .90 break if GLD goes lower?

01[12:33] {Threei}  not sure...

01[12:34] {Threei}  see, this .90 should have been lost when GLD lost 138

[12:34] {Les} yeh watching GLD for rinse of DB longs

01[12:34] {Threei}  ut held, so the link is not direct

[12:37] {patel} another scalp

[12:37] {patel} thanks V

01[12:38] {Threei}  yw

[12:38] {dptl} CINF .40 short?

[12:39] {nemo} diamond configuration on iwm, which ever way it breaks on this

[12:43] {backman} short ebay .18

01[12:44] {Threei}  no read on CINF

[12:44] {nemo} joy finally comes in...wtf

01[12:44] {Threei}  see GLD?

01[12:44] {Threei}  no third time

[12:45] {dptl} what about BTU .85 short Vad?

[12:45] {jdetente} I'm short Joy nemo. stop above .75

[12:46] {nemo} yeah, I forgot about it and it set up perfectly about 12:15

[12:47] {jdetente} here it goes

[12:47] {nemo} 56.40ish partial it

[12:48] {jdetente} I partialled already at .50

01[12:48] {Threei}  nah

[12:48] {nemo} o.k.

[12:51] {backman} out +.07

[12:51] {nemo} anybody like expe short?

[12:52] {nemo} de bounce spot

[12:53] {Les} GLD struggling to hold 138

[12:54] {dino} cov ew .19, +.31

[12:55] {nemo} well, index shorts should be partialed here, they could bounce

[12:56] {jdetente} out Joy on trail

[12:56] {jdetente} thx nemo

[13:01] {Les} l FAS hl .52

[13:02] {nemo} what's your target wombatpoker

[13:03] {Les} to INFINITY AAAAAAAAAAND BEYOOOOOOOND

[13:03] {nemo} I wasn't talking about the depths of your ignorance...sheesh

[13:03] {Les} LOL

06[13:04] * Threei passes to Les a bottle or Prozac

[13:04] {nemo} 67 a possibility, partial at the current high

[13:05] {Les} partialled

[13:06] {Les} C offer scaring bidders but FAS continues

01[13:06] {Threei} Long Setup:  C  50 break

01[13:07] {Threei}  this thing should, how do I put it... iksplode

[13:07] {Les} try to buy las shares at 50?

[13:07] {Les} last

[13:07] {Les} or wait good and proper the break?

01[13:08] {Threei}  I'd prefer a break

[13:08] {Les} cool

[13:09] {Les} tna .85 break holding .80?

[13:10] {Alexs} this huge offer looks real

[13:10] {dino} thats me alexs

[13:10] {Alexs} lol

[13:11] {dino} ilmn spike

[13:11] {RonS} wow 3.8 mil sh c

01[13:11] {Threei}  TNA, 50/50

01[13:12] {Threei}  ese bought it all from you, dino

[13:12] {Les} lol

[13:12] {Alexs} congrats dino u sold it

[13:13] {dino} :)

01[13:13] {Threei}  1:1

[13:13] {Les} giddy up ty

[13:13] {Les} FAS 1:2

[13:14] {dino} out c .10, +.09, ty vad

01[13:14] {Threei}  yw

01[13:15] {Threei}  those huge offers are like magnet, price is attracted to them and tends to cut through them

01[13:15] {Threei}  and iksplode

01[13:15] {Threei}  or is it eeksplode?

01[13:15] {Threei}  or iqxplode... I am so lost

[13:15] {_fish_49} either way  they were huge offers

[13:16] {_fish_49} just fell off the level 2 like they were nothing

01[13:16] {Threei}  yup

[13:16] {nemo} trip might be ready to come in

[13:19] {backman} placed a limit at 50.01...nvr got filled

01[13:19] {Threei}  .02 here

01[13:20] {Threei}  1 cent is often too tight for this kinf of explosive moves

[13:20] {nemo} spelling vad

01[13:20] {Threei}  oops

01[13:20] {Threei}  sorry

01[13:20] {Threei}  iqsploseewe

[13:22] {Les} you see news of photoshop Vad?

01[13:22] {Threei}  creative cloud?

01[13:22] {Threei}  or some new news

[13:22] {Les} turning subscription based. megaphoto posting the news

01[13:23] {Threei}  lol... two weeks old

[13:23] {Les} k. happy to have found 'free' version

01[13:23] {Threei}  internet revolts about it for quite a while already

[13:23] {Les} creative capitalism. Something new to be born...

[13:24] {_fish_49} so the app will be cloud based?

[13:24] {ese} am outta here......cyou tomorrow

01[13:24] {Threei}  well, you will have it on your computer

01[13:24] {Threei}  take care ese

[13:24] {_fish_49} later ease

01[13:24] {Threei}  but for it to work, you will need to be connected to a cloud once a month for validation

[13:24] {_fish_49} ok  if its on pc  Im ok  I dont want to edit my porn in the clouds

01[13:25] {Threei}  and it will be subscription, not one time fee

06[13:25] * Les smacks fish for stating the bleeding obvious

01[13:25] {Threei}  so, once you stop paying, whole software stops working

01[13:25] {Threei}  not just "no more updates" as it used to be

[13:25] {_fish_49} sounds like a bunch of commies  to me

[13:25] {_fish_49} lol

[13:25] {Les} i've never registered

[13:26] {Les} will block adobe from accessing my version of it

01[13:26] {Threei}  you don't need to, old versions will work as they used to

[13:26] {Les} cool

[13:26] {_fish_49} so what about the hacked copy I have now  it  will stop working?

01[13:26] {Threei}  it's after CS6

01[13:26] {Threei}  no, as long as you don't try to update it

[13:26] {_fish_49} ok

[13:31] {_fish_49} second ixplosieon coming?

01[13:32] {Threei}  looks like

01[13:32] {Threei}  just play it by the book

[13:32] {_fish_49} yes

01[13:32] {Threei}  stop under b/e

[13:32] {_fish_49} correct

[13:33] {_fish_49} then at 1:2 stop just under .15?

01[13:35] {Threei}  no, under .10

01[13:35] {Threei}  1:1

[13:35] {_fish_49} ty

01[13:36] {Threei}  and btw... you seem to learn Threeish very fast but this word is one of the crucially important so make sure you spell it right:

01[13:36] {Threei}  KORREQT

[13:36] {_fish_49} 10-fer

01[13:36] {Threei}  :)

[13:36] {_fish_49} I wont be here  next week

[13:37] {_fish_49} after this week  I will be away until august  Will join the goroop in august

[13:37] {dino} bagholders on tsla from 97

[13:37] {backman} short GDX .85..///looking for new low

01[13:38] {Threei}  even more so, get the language firmly down so you can hit the ground running in August

[13:39] {_fish_49} yes

[13:43] {dino} if i forget, good to see you again fish

[13:43] {_fish_49} thanks Dino

06[13:46] * Threei kicks C in the rear and hits GDX over the head with 2x4

[13:49] {Alexs} when u call GDX?

[13:49] {Les} vad short .75 GDX holding .80?

01[13:49] {Threei}  I didn't

01[13:49] {Threei}  just rooting for backman

01[13:49] {Threei}  [13:37] {backman} short GDX .85..///looking for new low

[13:49] {Alexs} k

01[13:50] {Threei}  I wouldn't Les, 10 more cents drop would be a bit overextended for this time of the day

[13:50] {Les} k

[13:52] {RonS} aapl smash

[13:53] {_fish_49} cc 9 sorry didnt  see the message

[13:54] {nemo} any news  aapl?

01[13:56] {Threei}  no

[13:58] {Les} iwm vwap here possible TNA db for entry

[14:00] {Alexs} looks like you kicked C from the wrong side Vad

[14:00] {_fish_49} lol

[14:01] {dptl} CLF .15 short?

[14:01] {dptl} late

01[14:01] {Threei}  yeah... forgot that the front is where the brooch is I guess

[14:02] {Alexs} lol

01[14:03] {Threei}  GDX though at 1:1 for backman

[14:03] {backman} thanx for your support:=)

01[14:03] {Threei}  always

[14:04] {Les} appl just db'd

[14:04] {_fish_49} Backman did you give up on DDD?

[14:05] {dptl} FAST  .50 short?

01[14:07] {Threei}  hl

[14:07] {Les} TNA pays off with a partial

[14:07] {jdetente} always does

[14:07] {Les} another false breakdown before lifting above .50

[14:08] {Les} AAPL db gave temporary market repreive

[14:08] {dptl} invalidated for now FAST

[14:10] {dptl} JCP?

[14:11] {backman} fish, never traded DDD

[14:11] {jdetente} C is once again a slippery dirty rotten scoundrel :)

[14:12] {_fish_49} LVS fell off bed

01[14:12] {Threei}  KCP upgrade

01[14:12] {Threei}  LVS lost trial over Macau gaming license

[14:12] {dptl} i see

[14:13] {Les} tna out 1:2

[14:14] {Les} BBQ pork ribs going cold

[14:17] {dptl} VLO .95 short?

[14:17] {_fish_49} calling it a day

[14:17] {_fish_49} thanks vad

[14:17] {_fish_49} take care all

[14:17] {Les} cheers

[14:17] {thomcbell} qihu out 2nd half 

[14:18] {Les} AAPL weighing heavy on the branch again

[14:20] {Alexs} looks like new phone from bbry kills everybody including bbry

01[14:20] {Threei}  rofl

[14:20] {Les} lol

01[14:20] {Threei}  gives new meaning to expression "killer technology"

[14:20] {Alexs} lol

01[14:20] {Threei}  GLD new leg down

01[14:21] {Threei}  poor goldbugs... no relief

[14:21] {dptl} FAST valid again i think

[14:21] {Les} SLW messy but approaching low of range

[14:21] {dptl} .50 short?

[14:22] {Les} .35 short?

01[14:23] {Threei}  FAST yes, hl

01[14:23] {Threei}  SLW... I like it, but I am not sure

01[14:23] {Threei}  I just like shorting it, lol

[14:23] {dptl} ah VLO worked..didnt take it

01[14:29] {Threei}  GDX 1:2

01[14:29] {Threei}  good one bman

[14:29] {Les} think he's fallen asleep

[14:34] {backman} nope, just scratching back to BE on GILD...was killing me on the short side, so i took it long...

[14:41] {dino} ddd drop

[14:42] {jdetente} DDD schizo

[14:44] {dino} myl

[14:48] {dptl} stack in FAST

[14:55] {dino} ttwo sm l .40

[14:56] {Les} MYL .90 short?

[14:56] {Les} nope

[14:57] {dino} ew sm s .71

01[14:57] {Threei}  my favorite way

01[14:57] {Threei}  you ask, you answer yourself, I just nod

[14:58] {Les} I bet you could program an algorithm to mimic yourself. U could then take the day off

01[14:58] {Threei}  why, I enjoy nodding... let me not delegate it

[14:58] {Les} :)

01[14:59] {Threei}  I could nod all day... head rush is a benefit

[14:59] {dino} cyni nuts

[14:59] {Les} can just see you at soviet in younger days vigorously nodding away

01[14:59] {Threei}  FAST is about to reward dp's patience

01[15:00] {Threei}  oh yes, I was noding twice as energetic back then

[15:00] {dptl} finaly

01[15:01] {Threei}  as old man said in a russian joke, answering question whether he liked Stalin or Gorbachev's times better

01[15:01] {Threei}  "of course Stalin's!" - Why?? - "well, I was capable of having affairs back then..."

[15:02] {dptl} lol

[15:02] {Les} lol

[15:07] {dino} ew and ttwo to flat

[15:10] {dino} stop ew

[15:12] {Les} FAST was anything but. stopped

[15:19] {Les} vad GLD 138 long?

[15:19] {Les} on 2nd entry?

01[15:19] {Threei}  right chart...

01[15:19] {Threei}  wrong time...

01[15:19] {Threei}  nit sure

01[15:20] {Threei}  not

[15:20] {dino} out ttwo .55, +.15

01[15:31] {Threei} Short Setup: CAT  .35 break

01[15:31] {Threei}  If holds  .40 

[15:32] {patel} jsut came back

[15:32] {patel} CAT hasnt triggered yet right

[15:33] {jdetente} nope

[15:33] {jdetente} yes lol

01[15:33] {Threei}  here it is

01[15:36] {Threei}  European authorities have raided offices of oil majors Shell, BP and Statoil in an investigation of suspected manipulation of oil prices, one of the biggest cross-border actions since the Libor rigging scandal.

[15:42] {dino} yeah, its never the eu's fault

01[15:43] {Threei}  yeah, why would there be insane gasoline prices in EU other than oil manipulation

[15:43] {dino} can't be all of the taxes

[15:43] {dino} lol

[15:43] {Les} uhhhhh... taxes

[15:44] {Les} price barely budges in our country, taxes consume such a portion of the pump price

01[15:45] {Threei}  how much a liter?

[15:46] {Les} hovering around 1.90 with the independents. around 2 francs on the highways

01[15:46] {Threei}  in dollars?

[15:46] {Les} checking

[15:46] {dino} $3.40 here

01[15:46] {Threei}  that's gallon

[15:47] {dino} yes

01[15:47] {Threei}  3.8 litres?

[15:47] {dino} dk

[15:47] {Les} 1 galon equals 3.8 liters

[15:47] {patel} stinky kitten

01[15:47] {Threei}  no go CAT

[15:47] {dino} you are double les. it the taxes

01[15:47] {Threei}  so under a buck

01[15:48] {Threei}  1.20 - 1.30 here

[15:48] {Les} why I drive this:

[15:48] {RonS} bicycle?

[15:48] {dino} lol

[15:48] {Les} http://en.wikipedia.org/wiki/Citro%C3%ABn_C3

[15:48] {Les} hehe

01[15:48] {Threei}  rollerblades

[15:48] {Les} bicycle with diesel motor

01[15:49] {Threei}  oh boy

[15:49] {jdetente} clown car

[15:49] {Les} but heaven forbid 15k miles overdue for service and running without a hiccup

[15:49] {Les} goes 900km on a tank

[15:49] {Les} the old Jedda with 6 speed gearbox was magic

[15:49] {jdetente} Jedda is that a female Jedi?

01[15:50] {Threei}  lol

[15:50] {RonS} lol

[15:50] {Les} hehe

[15:50] {dino} lol

[15:50] {jdetente} and on that note...have a good day all. Thanks for the trades Vad

01[15:50] {Threei}  thank you all

[15:50] {Les} yeh me 2

[15:51] {Les} cheers

01[15:51] {Threei}  have a great evening

01[15:51] {Threei}  see you tomorrow

[15:53] {dino} gn all

May 13 2013

Nice albeit a bit boring day. Things moved in a lazy fashion, so while morning was nicely profitable, there was almost no activity in the afternoon.



Session Time: Mon May 13 00:00:00 2013
[06:05] {KSystems} GMN
[08:56] {ese} mornin
01[08:59] {Threei}  ese :)
[09:00] {ese} solar moving so far
[09:01] {stevw} g'mornin
01[09:01] {Threei}  stev :)
[09:02] {stevw} when are you guys off to the polls vad?
[09:02] {dino} gm
01[09:02] {Threei}  dino :)
01[09:02] {Threei}  tomorrow, stev
01[09:02] {Threei}  but early voting is open from Wed, and turnout is high
[09:03] {stevw} saw a news story yesterday about the "vote splitting" tactic
[09:03] {ese} I vote for everybody at once stev to be fair......check all the boxes
[09:03] {stevw} that's very generous of you!
01[09:04] {Threei}  if there ever was an election with no good option, this is it
[09:04] {stevw} might be my age, but i'm having a hard time remembering any election with a good option
01[09:04] {Threei}  hehe
01[09:05] {Threei}  it's often a choice of the lesser evil... but in this case, even that is hard to find
[09:05] {Les} gm
01[09:05] {Threei}  les :)
[09:06] {ese} go with the person......Carol James.......I know her personally......we need good people in there
[09:07] {_fish_49} gm all
01[09:07] {Threei}  fish :)
01[09:08] {Threei}  I don't care about how good people are, I care about their policies - and this guy running NDP, to run this province? talk about destruction
[09:09] {ese} ya but he's got an excellent liquor cabinet
01[09:09] {Threei}  which doesn't benefit me in any way
[09:10] {ese} hmmmmmm  ok....good point
01[09:10] {Threei}  and speaking of personal apprroach, he is felon
[09:10] {backman} gm
01[09:10] {Threei}  how come no one remembers that?
[09:10] {ese} i'll call him......see what he can do
01[09:10] {Threei}  backman :)
[09:10] {ese} huh really?
[09:10] {ese} Backman
01[09:10] {Threei}  kidding?
[09:10] {ese} lol
[09:11] {ese} nice one
01[09:11] {Threei}  ?
01[09:11] {Threei}  I am not... I am asking you
01[09:11] {Threei}  He served as Chief of Staff to BC Premier Glen Clark from 1996 to 1999, a position from which he was dismissed for back-dating a memo to protect Clark from conflict-of-interest charges.
01[09:12] {Threei}  he admitted a felony and settled
[09:12] {ese} ahhhhhhh
[09:12] {ese} good memory vad
[09:12] {stevw} oh yeah, that was the thing about Clark's back deck or something, wasn't it
[09:13] {Les} you're a felon, should be barred from politics end of stry
[09:15] {Les} vad u using simple MA type on your bb's? just rejigging my charts to make white backgrounds...
01[09:15] {Threei}  yes
[09:16] {jdetente} good morning all
01[09:16] {Threei}  jd :)
01[09:16] {Threei}  yes stev, it was kind of bribing by the group proposing casion and needing govt approval
[09:16] {ese} jd
[09:17] {dptl} gm
01[09:17] {Threei}  dp :)
[09:17] {ese} ok ok ok.........i'll come clean........that was my back deck......alright....there i'm out
[09:18] {ese} Vad....i think i can get you a brand new back deck..........i' just to make a quick call to Carol today for ya
[09:18] {ese} have to
01[09:19] {Threei}  but I already have mine... built by myself
[09:19] {ese} ok then
01[09:20] {Threei}  I have better idea... get me union perks
01[09:20] {Threei}  and I'll be an NDP voter
[09:20] {ese} something about decks and the NDP ...Mike Harcourt falls off one and lands 50ft down on rocks by the ocean and injures himself for life
[09:21] {stevw} what kind of perks would unionized stock traders get?
01[09:21] {Threei}  oh, I'll come up woth a long list
[09:21] {ese} now thats a good question..........i'm joining vads union...........Local Money Making union 101
[09:22] {cipher} gm
01[09:22] {Threei}  cipher :)
[09:23] {ese} C
[09:23] {ese} or should i say dino junior
[09:26] {Alexs} gm
[09:26] {Les} Vad what MA's u running through your price? You told me 20 MA recently. They simple averages?
01[09:26] {Threei}  alex :)
01[09:26] {Threei}  yes les
[09:26] {Les} 20 and ...?
01[09:26] {Threei}  alex, missed great day on Fri...
01[09:26] {Threei}  just 20
[09:27] {Les} k
01[09:27] {Threei}  nothing more
01[09:27] {Threei}  one MA is created by BBs, rmember
01[09:27] {Threei}  remember
[09:27] {Les} yeh, looking at one of your FB posted charts
[09:27] {Les} i c that now
01[09:27] {Threei}  so you might see two on my charts
[09:27] {Les} right
01[09:27] {Threei}  that would be the same period as BBs of course
[09:28] {Alexs} yea I've seen the log it was great
03[09:29] * Retrieving #discussions modes...
01[09:32] {Threei} Short Setup: GDX  .40 break
01[09:32] {Threei}  If holds  .45
01[09:33] {Threei}  not yet
[09:33] {cipher} EVEP L .83
01[09:34] {Threei} Long Setup:  C  .50 break
[09:35] {Les} stop?
01[09:35] {Threei}  If holds  .40
[09:35] {cipher} out evep .08 +.25
01[09:35] {Threei}  ugh GDX
[09:36] {cipher} DLTR L.13
[09:38] {cipher} stopped .17 +.04
01[09:39] {Threei}  slow open
[09:39] {nemo} summer trading
01[09:39] {Threei} Short Setup: CAT  .25 break hl
01[09:39] {Threei}  If holds  .35
[09:39] {dino} global warming/
[09:40] {dino} hitting record lows tonight my area
[09:40] {jdetente} "climate change"
[09:40] {Les} had warmer temperatures here in mid November...
01[09:40] {Threei}  good luck getting CAT fill
01[09:41] {Threei}  but if by some miracle you did, 1:1
01[09:42] {Threei}  ok C, here is some coffee for you
01[09:42] {Threei}  wake up and go
[09:43] {jdetente} don't scare it Vad...
01[09:44] {Threei}  let's trail to .44
01[09:44] {Threei}  hit within 1 cent of 1:1
01[09:45] {Threei}  my coffee can scare, jd... ese takes it intravenously
[09:45] {nemo} FSLR
01[09:45] {Threei}  for this SPY drop, C holds rather well
[09:46] {RonS} fslr volume price gap to $100 w/ $50 breech if $50 holds...
01[09:47] {Threei} Short Setup: JCP  .70 break
01[09:48] {Threei}  If holds  .80
01[09:48] {Threei}  quick 1:1
[09:48] {Les} gotta change data provider can never borrow jcp
[09:48] {jdetente} grrr missed my entry. good call
[09:49] {Alexs} covered JCP 1:1 ty Vad
[09:49] {RonS} fslr 28% float short
01[09:49] {Threei}  yw
01[09:50] {Threei} Short Setup: CAT  .10 break hl
01[09:51] {Threei}  If holds  .20
[09:52] {cipher} nxst l .43
01[09:54] {Threei}  JCP 1:2
01[09:54] {Threei}  CAT 1:1
[09:54] {Les} JPM falling hard
01[09:55] {Threei}  1:3... I'll stop teasing, Alex
01[09:55] {Threei}  CAT 1:2
[09:55] {nemo} jcp should test 18
[09:55] {Les} covered ty
[09:55] {Alexs} :)
[09:56] {jdetente} out Cat, thanks Vad
01[09:56] {Threei}  yw
01[09:56] {Threei}  this time CAT was easy to enter
[09:57] {cipher} DISCA L .49
[09:58] {cipher} out .70
[09:59] {jdetente} come on C break through this time...
[10:00] {Les} partialling .59
[10:00] {Les} C
[10:00] {Les} since it seems to be that sort of day
01[10:00] {Threei}  *(US) MAR BUSINESS INVENTORIES M/M: 0.0% V 0.3%E- Prior revised lower from 0.1% to 0.0%
[10:00] {jdetente} half out .59 also
01[10:01] {Threei}  C baby... finally
[10:01] {cipher} NXST L .30
01[10:03] {Threei}  GDX, this one seriously got away
01[10:04] {Threei}  my feeling is, it's not so much a "summer trading" as it is an effect of this over-weekend musings about Fed exit strategy
01[10:04] {Threei}  market is somewhat puzzled
[10:05] {Les} yeh that news was front and centre this weekend
01[10:05] {Threei}  no kidding
[10:05] {Les} or the rumours anyway...
01[10:05] {Threei}  Fed support withdrawal means deflation threat
01[10:05] {Threei}  USD up, everything else is donw
[10:06] {Les} Brandt had a piece of the puzzle I can't quite place
01[10:06] {Threei}  and considering how high it climbed, there is a lot of room to drop
[10:06] {Les} http://tinyurl.com/dyjttaq
[10:06] {Les} I remember Eurodollars being an interest rate chart
[10:06] {Les} so ZIRP is finished if chart follows trhough
[10:06] {dino} z sm l .97
[10:07] {Les} not sure of the market implications
01[10:07] {Threei}  I am not sure why he picked Euro for the illustration
[10:08] {Les} no, Eurodollars is special
[10:08] {Les} nothing to do with Euro
[10:08] {Les} he explained elsewhere it is effectively an interest rate chart
[10:08] {Les} will look for it in his archives today
01[10:09] {Threei}  Eurodollars are time deposits denominated in U.S. dollars at banks outside the United States, and thus are not under the jurisdiction of the Federal Reserve.
01[10:09] {Threei}  ok, I see
[10:09] {Les} yeh and he illustrated a calculation derived from this chart at 100 I think it was
[10:10] {Les} will look for it
[10:10] {nemo} rax .68 bid
01[10:10] {Threei}  watching GDX again for revcersal
[10:10] {dino} bbsi smr l ave .74
[10:10] {dino} thinny
01[10:11] {Threei} Short Setup: GDX  20 break
01[10:11] {Threei}  If holds  .28
[10:12] {dino} tsla nuts again
[10:12] {Alexs} two sided GDX?
[10:12] {dino} mlnx spike
01[10:12] {Threei}  no, not liking long side
[10:12] {cipher} out NXST .86 +.56
[10:13] {dino} bbsi put ave .45, +.71
01[10:13] {Threei} Short Setup: CAT  .35 break hl
01[10:13] {Threei}  If holds  .45
[10:14] {dino} out z .46, +.39
[10:14] {dino} .49
01[10:15] {Threei}  Invalidated  CAT
[10:15] {Les} partial again C ty
01[10:15] {Threei}  :)
01[10:16] {Threei}  GDX 1:1
01[10:16] {Threei}  CAT, dirty rotten scoundrel
01[10:16] {Threei}  why didn't I recalibrate it to .40
[10:17] {Les} who cares, playing a good game as it is
[10:17] {Les} well I care... there's money in it... but
[10:18] {dino} make up your mind les
01[10:18] {Threei}  hehe
01[10:19] {Threei}  C 1:2
[10:19] {nemo} kss looks short
[10:19] {nemo} dino, he'd have to have a mind first to make up
[10:19] {Les} :P
01[10:20] {Threei}  ok, nemo is slowly getting back to his usual self... I was starting to worry
[10:20] {Les} http://tinyurl.com/br692rd
01[10:20] {Threei}  rumor on the street was, second bunny made his soft... soft like baby food
[10:20] {Les} here's the Eurodollar explanation
[10:20] {nemo} baby died this weekend
[10:21] {Les} :(
[10:21] {Les} from natural or unatural causes?
[10:21] {jdetente} sorry nemo..sucks
01[10:21] {Threei}  sorry...
[10:21] {dino} bummer nemo
[10:21] {nemo} good question, I was trying to catch it, it had gotten out and all of a sudden it kinda stopped and acted weird
[10:22] {nemo} Over the next two hours it died...it started to cry out
[10:23] {Les} nature is unkind...
[10:23] {nemo} Ya' know, I have no problem inflicting a hurtin' but watching a little baby suffer I just don't handle well
[10:23] {_fish_49} if you sell half lot at 1:1 do you move the stop up to break even?
01[10:23] {Threei}  yes of course
[10:23] {_fish_49} ty
01[10:23] {Threei}  http://www.realitytrader.com/tradingroom/#instructions
01[10:23] {Threei}  make sure to read this
01[10:24] {Threei}  crap
01[10:24] {Threei}  CAT made a ckassic double top, and I missed it again
[10:24] {dptl} LVS .90 short?
01[10:24] {Threei}  look at those two upward tails
[10:24] {Les} LVS weak and closing in on the lows
01[10:25] {Threei}  LVS yes but hl
[10:25] {Les} ah DP beat me to it
01[10:25] {Threei}  trades treacherously lately
[10:25] {dptl} missed it
01[10:27] {Threei}  good thing
[10:27] {Les} FAS potential cup and handle
[10:27] {Les} if it can consolidate below .35 for a few minutes...
[10:28] {dptl} yum .70 short?
[10:28] {dptl} or .80 long
01[10:29] {Threei}  hl
[10:29] {dino} conn spike
[10:30] {dino} conn sm s .76
[10:31] {cipher} AIRM L.05
[10:31] {RonS} sm l airm .07
[10:31] {dino} stop conn .94 too soon, =.18
[10:32] {dino} nclh drop
[10:33] {Les} Vad FAS a valid c&h?
01[10:33] {Threei}  yes
[10:33] {Les} didn't offer a safer entry point...
[10:34] {dptl} BTU .55 short?
01[10:35] {Threei}  BTU, if stays under .60
01[10:35] {Threei}  C 1:3, believe it not
01[10:36] {Threei}  out in full
[10:36] {Les} damn... me 2 ty
01[10:36] {Threei}  can't believe this trade took an hour
01[10:36] {Threei}  in the morning
[10:36] {Les} can't believe I held on for an hour
[10:36] {jdetente} patienter
01[10:36] {Threei}  :)
[10:37] {Les} BTU looks like bottom in
[10:37] {Alexs} ty C Vad
[10:37] {Les} wanted to fade short setup missed
01[10:37] {Threei}  yw
[10:38] {jdetente} C going for 1:4
01[10:38] {Threei}  I am not looking
01[10:38] {Threei}  TNA... was hesitant about .10 break, didn't think it was safe with 10 cvents stop
[10:39] {dino} vprt sm l .45
[10:40] {dino} nclh sm l ave .18
[10:40] {stevw} is FCX a short candidate?
01[10:41] {Threei}  .90 break... I think so
01[10:43] {Threei}  FAS worked btw
[10:45] {dino} prlb drop qihu drop
[10:46] {dino} qihu sm l .51
[10:50] {ese} snts.......bastard..............been watching this go up a couple of buck here the last 2 trading days and have not found anywhere to get in in....bastard
[10:51] {dptl} MRO .25 short?
01[10:53] {Threei}  not delighted
[10:54] {dino} stop qihu .24, -.27
[10:55] {Les} potential cup and handle forming in SLW
01[10:56] {Threei}  SLW, I'd go for aggressive
01[10:56] {Threei}  .60 break
[10:56] {Les} k
[10:58] {dino} out nclh .27, +.09
[10:59] {ese} I've heeded that advice L slw .62
[10:59] {ese} alot
01[10:59] {Threei}  stop under .50, target 1:4
[10:59] {ese} done
[11:01] {Les} GDX don't looks so good
[11:01] {dino} scty?
01[11:02] {Threei}  general solar strenght I think
01[11:02] {Threei}  no specific news aside from upgrade last week
[11:02] {dino} 21% some general strength
01[11:03] {Threei}  thin stock... everything's exaggerated
[11:04] {RonS} elon musk ceo tsla is the chairman scty
01[11:04] {Threei}  09 May [SCTY] Price Target raised to $27 from $23 at Tier 1 firm; maintains Buy rating - Source TradeTheNews.com
01[11:04] {Threei}  value added
01[11:05] {Threei}  trail FCX to .96
[11:05] {stevw} adrenaline junkies aren't missing out on this FCX short!
[11:06] {ese} slw takin it's sweet time
01[11:06] {Threei}  lol
01[11:06] {Threei}  there was a time when FCX was one of the fastest stocks we traded
01[11:06] {Threei}  especially at the open, it's barely half lot stock
[11:06] {ese} yup
01[11:07] {Threei}  now you have to poke it with sharp stick for it to open one eye
[11:07] {ese} lol
[11:08] {stevw} copper doesn't get the press it used to
[11:08] {ese} somebody just poked slw in the eye
[11:09] {dino} nclh shook me out
[11:10] {RonS} fcx became a mixed play w/ that move into oil and gas...scco the copper pure play now
[11:11] {ese} L some more slw avg .63
[11:11] {cipher} CSOD L .23
[11:13] {dino} qihu l .00 stop lod
[11:13] {cipher} LULU L .73
[11:13] {cipher} INFI L .05
[11:14] {cipher} out LULU .91 +.18
[11:14] {dino} out qihu .12, +
[11:14] {dino} .12
[11:15] {nemo} http://bit.ly/18FNuKj
[11:15] {cipher} SBGI L .10
[11:18] {ese} It's time for the sharp stick vad poke SLW
[11:18] {cipher} INFI stopped +.05
06[11:19] * Threei kicks SLW in the rear
01[11:19] {Threei}  US Markets Flat On Hilsenrath Taper Talk, April Retail Sales
[11:19] {ese} snts bastard
01[11:20] {Threei}  - US equities are more or less flat this morning on sluggish trading volumes. The April retail sales data has helped offset some of the anxiety stemming from the FOMC tapering talk that dominated the conversation over the weekend.
01[11:20] {Threei}  (EU) ECB's Asmussen said to have rejected German Fin Min Schaeuble's proposals for EU banking union
[11:24] {dino} out vprt flat
[11:24] {cipher} CSOD stoppd .18 -.05
[11:27] {cipher} lbtya l .20
[11:27] {Les} GLD looks ready for a JBE
[11:29] {Les} blah
01[11:30] {Threei}  SLW no go
[11:30] {cipher} DECK L .50
[11:30] {cipher} LBTYK L.00
[11:30] {dptl} DD .50 short?
[11:30] {nemo} look for bmrn bounce here
01[11:31] {Threei}  no read DD
[11:31] {nemo} mpc looks short here
01[11:32] {Threei}  finally FCX
01[11:32] {Threei}  did you have to stop us first?
01[11:32] {Threei}  murderous bastard
[11:33] {stevw} i viewed 32 as a solid ceiling, so i'm still in
01[11:33] {Threei}  good for you
[11:35] {Alexs} when u got in FCX?
[11:35] {stevw} .90
[11:35] {stevw} too slow to partial at .80 so i'll now partial at lod and then see what happens
[11:36] {Les} a decent morning nonetheless. Gonna do some Aikido and Yoga. C u's tomorrow
[11:37] {nemo} not like he needs to work on flexibility, he has his head up his ass all the time
[11:37] {cipher} out LBTYA .50 +.30
[11:38] {cipher} out LBTYK .40 +.40
[11:38] {nemo} anybody like joy short here
[11:38] {cipher} OUT deck .59 +.09
[11:38] {stevw} half out of FCX at .73 and trailing stop to .85
01[11:39] {Threei}  this IRS thing is unbelieavable
[11:40] {nemo} aye komrade...only gonna' get worse
[11:40] {jdetente} but it's just low level bureaucrats...nothing to see here. :p
01[11:41] {Threei}  total analog of xUSSR where 6th department of KGB (one responsible for economic crime) was used against businesmen in conflicts
01[11:41] {Threei}  you get in showdown with wrong entity, all of a sudden these guys audit you
[11:43] {jdetente} IRS is the strong man for US Govt...always has been
01[11:43] {Threei}  and the building where they are located is called the tallest building in the city - you can clearly see Siberia even from its basement
[11:43] {jdetente} used against real criminals and political oppoenents
[11:43] {jdetente} going back to Capone
[11:44] {stevw} now that's some good dark humour, vad
01[11:46] {Threei}  dark reality, humor follows
01[11:46] {Threei}  FCX 1:2 for you
[11:48] {ese} L nsm .53
[11:49] {stevw} yeah, continuing to ride FCX
[11:51] {cipher} VRTX L .06
[11:51] {cipher} out .22
[12:01] {dino} qihu sm l .16
[12:02] {ese} out nsm .98 +.45
[12:03] {dino} gj
[12:04] {ese} tks
[12:06] {cipher} fosl l .14
[12:06] {cipher} out .32 +.18
[12:06] {cipher} WPRT L.82
[12:13] {cipher} stopped .81 -.01
[12:14] {dino} out qihu .34, +.18
01[12:14] {Threei} Long Setup:  TZA  .80 break
01[12:14] {Threei}  If holds  .75
[12:15] {dino} taking break
[12:17] {ese} thinking about slw again
[12:19] {ese} L slw .54
[12:21] {dptl} ADSK .90 short?
[12:21] {ese} startin to pee me off slw\
[12:22] {dptl} no
[12:22] {cipher} DISCK L .25
[12:25] {dptl} DG ? is that c&h forming?
[12:26] {Alexs} how to switch on sound alert in the trading room chat?
01[12:26] {Threei}  kind of
01[12:26] {Threei}  hold on Alex
[12:26] {dptl} so .95 long?
01[12:26] {Threei}  TZA is about to give birth to 1:1
01[12:26] {Threei}  nah dp
[12:27] {stevw} is that T zed A or T zee A we're in?  ;)
01[12:27] {Threei}  half out TZA
01[12:27] {Threei}  beats me stev, I just profit from them
[12:27] {dptl} tell me , what you dont like in DG, Vad?
[12:27] {stevw} what's in a name, eh
01[12:28] {Threei}  Alex, are you using mirc or mibbit?
[12:28] {Alexs} mibbit
01[12:28] {Threei}  chart itself is right dp... market is not conducive to this kind of plays right now
01[12:28] {Threei}  ok, mibbit has no such capability
01[12:29] {Threei}  sound alert can be configured in mirc
[12:29] {Alexs} how can  i use mirc?
01[12:29] {Threei}  instructions are at http://www.realitytrader.com/mIRC%20room%20connection.pdf
[12:29] {Alexs} ty
01[12:30] {Threei}  when you have it up and running, we will get to sounds
[12:31] {dptl} GILD short?
[12:31] {Alexs} k
01[12:32] {Threei}  .95 break, yes
[12:38] {dino} eac sm s .23
01[12:39] {Threei}  tbell... finally accepted the fact that Monday comes inevitably?
[12:40] {cipher} SODA drop
01[12:40] {Threei}  TZA... been a good while since we played this one
01[12:41] {Threei}  dp, see how miserable DG is?
[12:41] {dptl} ye
[12:42] {cipher} SODA L .38
[12:42] {dptl} i'll see ya tomorrow all have a good rest of the day
[12:42] {dino} cov .91, eac +.32
01[12:42] {Threei}  take care
01[12:43] {Threei}  so, this nutritionist is talking to me at the party, says:
01[12:43] {Threei}  I see you are a very fast oxidizer
01[12:43] {Threei}  Iwanted to punch him on the nose at first,
01[12:43] {Threei}  then thought, hery, it's kind of cool
01[12:43] {Threei}  "I'll oxidize you so fast, you won't get to blink"
[12:44] {dino} i think he was hitting on you vad
01[12:44] {Threei}  you know, come to think of... you may be right
01[12:44] {Threei}  he looked the part
[12:45] {jdetente} he wanted to nitrous oxide you
[12:45] {dino} partial s eac .46
01[12:45] {Threei}  sigh... it becomes impossible to manitain conversation without google
[12:45] {jdetente} lol
01[12:46] {Threei}  I miss good old times... "hi - hi - drink? - sure"
[12:46] {nemo} gmcr looks short here
01[12:47] {Threei}  GILD starts its descent
[12:47] {cipher} out SODA .76 +.38
[12:48] {ese} one bizzaro world day for me.....will ride out slw for a while but i gotta go ...take care all c ya tomorrow
[12:49] {dino} cya
01[12:49] {Threei}  take care ese
[12:49] {ese} dino
[12:49] {ese} vad
[12:49] {cipher} cya ese
[12:51] {backman} r u still in GILD?...or just a 1:1 scalp?
01[12:51] {Threei}  it went over b/e
01[12:51] {Threei}  so it kind of answered your question :)
[12:51] {jdetente} GMCR thanks nemo
01[12:51] {Threei}  sure thought it would be capable of more
[12:52] {backman} yes....took my 1:1....think reentry at .95 might be worth a play
01[12:54] {Threei}  of that's a question, I am very flattered that you think I think
01[12:54] {Threei}  but the harsh truth is, I don't
[12:54] {backman} ....u'd think i mighta learnt that by now :=)
01[12:54] {Threei}  I would if I were thinking {GGG}
[12:55] {backman} feels a little like LVS friday afternoon
01[12:55] {Threei}  but every time I try, some voice from high above says "hey... stick to your ways, lest I send you 3-days long migraine"
[12:56] {backman} ahh, i'm sure les gives u plenty of headaches...no need for migraine in addtion
01[12:57] {Threei}  and he is just one of many!
01[12:58] {Threei}  I also have fake trialers, idiot TTR reviewers, hating life goldbugs and one unionized teacher
[12:58] {jdetente} cretins
01[12:58] {Threei}  TZA 1:2 btw
[12:59] {backman} i resemble that remark....i gave up teaching to do this:=)
[12:59] {dino} seems as tho you've struck a nerve. usually, when people bust me about real estate, seems i end up making $
01[12:59] {Threei}  struck a nerve with whom?
01[12:59] {Threei}  gold bugs?
[12:59] {nemo} that unionized teacher is the worst
01[13:00] {Threei}  they hate me with this white scoprching hatred
01[13:00] {Threei}  when gold hits under 1000 they'll be livid
01[13:01] {Threei}  and when it goes to 600... I might watch for hired assasins
[13:03] {backman} did u sell all your TZA?...is that why it splatted:=)
01[13:03] {Threei}  lol
01[13:03] {Threei}  played it by the book
[13:05] {dino} conn sm s .50
[13:05] {dino} eac cov .08, +.38
[13:05] {backman} any thoughts on JPM short...break of .40
[13:05] {jdetente} no thinking backman
01[13:06] {Threei}  worth a try
[13:06] {dino} good bman
[13:06] {backman} jd, thanx for reminder
01[13:06] {Threei}  tight stop
01[13:06] {Threei}  .46
[13:06] {dino} opps, good jd i mean
[13:07] {backman} and i meant dino....ahh...watcha u gonna do
[13:07] {dino} lol, clown
[13:11] {dino} conn stuck, bstop to .65
01[13:18] {Threei}  backman was so very right about GILD re-entry
01[13:18] {Threei}  1:3
[13:22] {dino} bks drop
[13:23] {dino} cov conn .14, +.36
[13:27] {dino} bks sm l .04
[13:28] {dino} out bks .29, +.25
[13:32] {dino} bks sm l .00
[13:33] {dino} out .10, +.10, weak
01[13:42] {Threei}  Traveler from Saudi Arabia arrested at Detroit airport with pressure cooker; set to be arraigned
01[13:43] {Threei}  81% Think Immigrants From Countries with Terrorist Ties Should Be Screened More Closely
01[13:43] {Threei}  my experience shows it's just the opposite
01[13:44] {Threei}  CSIS spent three years running security background checks on me, meawhile countless folks from those countries were swimming in just... umm, swimmingly
01[13:45] {Threei}  granted, it was in 1990s... but I still hear the same stories from newer immigrants
[13:45] {nemo} index long setups coming pick your favorite leveraged long
01[13:45] {Threei}  TNA, if you ask me
[13:45] {nemo} or fas
[13:47] {stevw} last half out of TZA - awesome! thanks vad!
01[13:47] {Threei}  yw sir
01[13:47] {Threei}  and as if you needed a real time illustration to what I was saying, here it is:
01[13:47] {Threei}  Convicted Palestinian terrorist deported from Canada to Lebanon after 26-year fight
01[13:48] {Threei}  guess how long it would take them to deport me should my case fail
01[13:49] {Threei}  watching TNA for long from under 47
[13:50] {nemo} iwm pivot .62 is also the bottom of channel
01[13:51] {Threei}  meanwhile in the country of tax-happy socilists,
01[13:51] {Threei}  FR) Govt in France said to be evaluating a possible new tax on smartphones
01[13:51] {Threei}  lol
[13:53] {dino} rnf drop
[13:56] {nemo} no energy to this long setup
[14:02] {dino} rnf gap arounf 31.50
[14:02] {dino} around
[14:13] {stevw} any interest in long BBY, maybe aggressive entry at .25?
01[14:13] {Threei}  not really
[14:14] {stevw} i know i'm fishing a little now
[14:15] {nemo} stevw...push the keyboard away and sit on your hands
01[14:15] {Threei}  wacthing that TNA setup
[14:16] {_fish_49} re cross of 47?
[14:16] {nemo} think finnies the key, watch when fas gets to vwap
01[14:16] {Threei}  yes, from under 47 if holds .90
[14:23] {stevw} aaaah, that feels better - just spent some time squeezing the stress ball to relax my hand and dispel trigger-finger
01[14:23] {Threei}  lol
[14:24] {nemo} vodka works as well
[14:24] {stevw} nah, booze gets me all revved up
[14:25] {stevw} (those are 2 vees by the way - looks a little weird in this font)
[14:25] {dino} lol stevw, have one on my desk too
[14:26] {stevw} ya dino, i think they're an essential item for this activity
[14:26] {dino} out tna .24, +.24
[14:31] {nemo} oxy looks short here
[14:47] {backman} small short in GDX from .19...may add on break of low
[14:55] {Alexs} Vad I made all setups on mirc should I disconect from current chat first?
01[14:56] {Threei}  yes, otherwise it will tell you that your username is taken :)
[14:56] {Alexs} k
01[14:57] {Threei}  but you can try
[14:57] {_fish_49} is there and advantage to using Mirc?
01[14:57] {Threei}  and see if it connects to the right place
01[14:57] {Threei}  it's a little bit faster, and it allows you to send sound alerts
[14:57] {nemo} MIRC I think allows you to block out Les
01[14:57] {Threei}  not send
01[14:57] {Threei}  set
01[14:58] {Threei}  for instance of the word "setup"
[14:58] {Alexs} thanx I trust u :)
[14:58] {nemo} oh oh
01[14:58] {Threei}  so you can get sound when trade alert is posted
[14:58] {_fish_49} what about landscape? does it take up less? room on the monitor?
01[14:58] {Threei}  actually, it takes less
[14:58] {_fish_49} cool  I will research it and try to set up tonight
01[14:58] {Threei}  since there is no all this browser around it
01[15:02] {Threei}  you on mirc now alex?
[15:02] {Alexs} no cant connect
01[15:02] {Threei}  some setting is wring then
01[15:02] {Threei}  wrong
[15:03] {Alexs} yes to complicated
01[15:03] {Threei}  nah, just need to do it precisely
01[15:03] {Threei}  mirc has no intuitive way to see and correct error
01[15:04] {Threei}  either everything is to the letter, or it just refuses to connect
[15:04] {Alexs} it looks little different from link u sent me
01[15:04] {Threei}  probably newer ersion
01[15:04] {Threei}  version
01[15:05] {Threei}  but main things should be all in the same places
[15:07] {Alexs} could u give me that link again pls
01[15:07] {Threei}  http://www.realitytrader.com/mIRC%20room%20connection.pdf
01[15:08] {Threei}  it's on trading room page
01[15:08] {Threei}  under How to connect
[15:08] {Alexs} k thanx
01[15:09] {Threei}  if you can't make it, catch cc_8 tomorrow in the room and ask for help
01[15:09] {Threei}  he walked a few folks through this
01[15:21] {Threei}  OK, he connects to the right server now
01[15:21] {Threei}  just wrong credentials
01[15:21] {Threei}  works now?
[15:21] {Alexs} just mibbit lol
01[15:22] {Threei}  when it kicked you out, was it mirc?
[15:22] {Alexs} ok next time
[15:22] {Alexs} no mibbit
01[15:23] {Threei}  ok... something is still not right in the server then
01[15:26] {Threei} Short Setup: GDX  .05 break
[15:28] {Alexs} gdx looks slow
01[15:29] {Threei}  it is now, just hoping that closer to eod action picks up
[15:29] {_fish_49} can anyone read this?
01[15:29] {Threei}  yes
01[15:29] {Threei}  why?
[15:29] {_fish_49} Mirc
01[15:29] {Threei}  you hoped you became inbvisible?
01[15:29] {Threei}  or we unlearned to read?
01[15:30] {Threei}  cool, mirc works for you :)
[15:30] {_fish_49} Not sure
[15:30] {_fish_49} will close  and  try again
[15:30] {dino} fishy, fishy, fishy
01[15:30] {Threei}  Alex, all is not lost
01[15:30] {Threei}  why not sure??
[15:30] {_fish_49} Hey Dino
01[15:30] {Threei}  you are connected
[15:30] {dino} hey fish, welcome
[15:30] {_fish_49} thanks
[15:30] {_fish_49} I used  to rade here years  ago
[15:31] {_fish_49} trade*
[15:31] {_fish_49} BKHMD
[15:31] {_fish_49} was it Larissa that  didnt  like my name?
[15:31] {_fish_49} is  she  still around?
[15:31] {dino} rnf wants that gap, but i have to leave for 10 or so
[15:31] {dino} no
[15:40] {Alexs} so we still have time for GDX?
01[15:41] {Threei}  sure
01[15:45] {Threei}  time becomes tighter
01[15:50] {Threei}  ok guys, no time left for a trade to work
01[15:50] {Threei}  thank you all, have a great evening
01[15:50] {Threei}  see you tomorrow
[15:50] {_fish_49} thanks
[15:50] {stevw} thanks
[15:50] {Alexs} ty
[15:51] {dino} calling it a day. thx all, good one
[15:53] {jdetente} thanks all. til tomorrow
[15:54] {dino} optr spike
[15:54] {backman} nite

Nemo's Findings week of 5/12/2013

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

The week that was:

This is really getting boring...up up and away....I keep hearing the 5th Dimension in my head...yeah, I'm old....Anyway.  As you can see, the relentless climb continues.  O.k so it leveled out a bit the last couple of days...correction through time.  Notice how the VXX sold off into the close.  Nobody is worried about anything.  I thought it might be a relatively boring day when I saw that Friday's pivot in SPY was basically the same as Thursday's, although we did have the late day surge that brought the finnies back to yesterday's pivot and had the SPY challenging for new all time highs while the IWM cleanly made new all time highs.  With the SPY and IWM at all time highs, how much higher can we go?  Clean air up here.

Saw an interesting analysis this week:  At the 2007 peak the S&P profits worked out to $83 bucks a share at a high of $156.70.  Well, S&P profits are now at $105.  So, given the same ratio  $198 is a reasonable target for the SPY.  And here's a look at the finnies:  

Pick your poison, the finnies are only about halfway back to their peak.  Having said that. if much of that were a bubble, then there  we can see old support new resistance should be tested soon.  

The week that is:

 

Market Week Wrap-up

TradeTheNews.com  Weekly Market Update: TradeTheNews.com Weekly Market Update: Yen Weakness Dominates Markets

- The S&P500 saw its third straight week of gains and both the DJIA and S&P500 touched fresh all-time highs mid-week. There was little US data to run on, although another excellent showing in the weekly jobless claims data - now at their lowest level since January 2008 - neatly dovetailed with last week's strong April payrolls. With the brightening US employment picture, the outlook on FOMC quantitative easing has swung from speculation about more easing back to speculation about tapering asset purchases. With that has come renewed dollar strength and a little bit of a bond selloff. On Friday, PIMCO's Bill Gross grandly proclaimed (on Twitter) that the 30-year bull market in bonds ended in late April, although he also said the bear market has not begun. Under pressure from the Fed and BOJ easing programs and following the path blazed by the ECB, other central banks issued surprise rate cuts throughout the week, including 25 basis point cuts from Australia's RBA, India's RBI, the Bank of Korea and the Polish Central Bank. In Europe, better German March Industrial Production and Factory Orders data suggested that the last remaining engine of the European economy is not choking, yet. For the week, the DJIA gained 1%, the S&P500 added 1.2% and the Nasdaq rose 1.7%.

- The yen's move above 100 to the dollar for the first time since April 2009 dominated markets at the end of the week. Four weeks ago, the BoJ rolled out its new program of easing measures to defeat deflation and USD/JPY had been slowly working its way toward the key 100 level. Thursday afternoon the pair took out 100 and by late on Friday the pair briefly tested 102. Analysts expect the yen to fall further: some have called for the dollar to rise to 105 this summer and 110 by the end of the year. In the wake of the move, and ahead of a G7 finance ministers meeting this weekend, Japanese Economy Minister Amari reiterated that Japan is not manipulating its currency and asserted that the weaker yen reflects strength in US recovery. Note that data out this week showed that Japanese investors became net buyers of foreign bonds in the last two weeks.

- EUR/USD had been pretty steady in the 1.3100 handle, but following the USD/JPY the pair softened up and dropped to 1.2950, its lowest level since early April. On Tuesday the RBA cut its Cash Target Rate by 25bps in a surprise move helping AUD currency test two-month lows. AUD/USD has been gradually moving toward parity over recent weeks and hit 1.000 on Friday in the wake of the yen move.

- With the big spike in dollar strength on Thursday and Friday, commodities got hit hard. Spot gold tumbled approximately 3.5% from Thursday afternoon through Friday morning, dropping from $1,470 or so to test $1,420. Silver fell about 2.5% in a similar period. Front-month WTI crude dipped three bucks before recovering on Friday.

- The Fed's hawks took turns bashing QE3 this week, further highlighting the active debate on when the FOMC may begin tapering its asset purchases. Fed Governor Fisher went first, commenting that program has done its work and "we are at risk of overkill." Fisher said his preference would be to taper MBS purchases as a first step. Plosser said he would favor reducing the Fed's $85B monthly pace of bond purchases next month. FOMC dissenter Ester George reiterated her opposition to the QE program, saying the longer it goes the trickier the exit strategy will be. There had been high hopes that Chairman Bernanke would provide some color on his feelings on the tapering issue in a speech on Friday, but he stuck rigidly to the theme of banking industry regulation.

- MBIA settled all its outstanding mortgage repurchase issues with Bank of America on Tuesday, for a total payment of $1.6B in cash. BoA gets the right to buy a 4.9% stake in the bond insurer in exchange, and it will also remit $137M worth of MBIA senior debt and provide MBIA with a $500M credit line.

- With the housing recovery seemingly in full swing, Fannie Mae and Freddie Mac both reported sizable Q1 profits and paid big dividends to the US Treasury. Freddie reported its second-largest quarterly profit ever, $4.6B versus $577M a year ago. Fannie earned $8.1B and released a $50.6B deferred tax asset that will enable it to pay the Treasury $58.7B in dividends. Treasury Secretary Lew said the payment would push back the date on which the government would hit the debt ceiling until Labor Day.

- The March quarter earnings season is winding down, with major retailers about the only sector left to report. Warren Buffett's Berkshire Hathaway saw Q1 profits rise approximately 50% y/y, aided by better insurance performance. Buffett didn't make any big headlines at this year's investor meeting, noting that Berkshire is always on the lookout for ways to deploy its cash but has no interest in US airlines. Anadarko managed to widely beat expectations in its Q1 on record production numbers, however profits were lower on a y/y basis. Healthcare giant McKesson saw less than impressive Q4 revenue and profits, with the company's net income down half on a y/y basis. Tesla crushed consensus expectations in its Q1 report and hiked its forecast for deliveries of its hot new Model S sedan. The firm was profitable in the quarter for the first time ever and sales rose 83% on a y/y basis.

- After a surprising trade deficit in March that made analysts question the strength of overseas demand and the validity of Chinese domestic recovery, the China April trade balance returned to three-month high surplus. Both import and export growth accelerated, surging 14.7% and 16.8% respectively, resulting in an overall trade surplus of $18.2B - higher than the expected $16.2B. A number of analysts remained skeptical over the accuracy of the data given the lukewarm conditions in Europe and suggesting exporters may be overstating their activities in efforts to bring more funds onshore.




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