Technical analysis is equal to writing on walls with feces. And, it’s for lazy/ignorant people too.
UPDATE: Howard finally made it big. By far, this is his best video ever.
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Joined Nov 10, 2007
23,433 Blog Posts
RIG.
It’s ON.
You have nothing, as usual.
I sold RIG above $146, prior to decline.
http://www.ibankcoin.com/flyblog/index.php/2008/07/22/ouch/
May we bring up MBRK?
I find that technical analysis can predict the past with remarkable accuracy.
Fly, really, you don’t want me to post the chart.
Please, Mr. Wood, anything but the chart. Do not post the chart.
http://www.bloomberg.com/apps/news?pid=20601109&sid=ahoUUgg3oMUA&refer=home
Wall Street is a random walk. Charts, flavor of the day, stupid de jour mean nothing to the greater purpose. The object of this game is “not to loose money” and while my contemporaries rush to argue the point. Chuck what the fuck.
I echoed to those holding over sea’s mutual funds. Riding a double edge sword is not healthy. Stronger dollar, equates weaker OIL and exports.
Dismissed as a loon, I pucker my lips thinking, kiss my ass I will be proven 0.
Fly, you have been spared, as you have one time before spared me.
Oh Lord, so I’m not the only one who can’t sleep tonight.
Good evening, my Florida friend.
We went to a “To poor to afford Buffet tickets” Buffet party tonight. I thought about you (and Anton) for a moment.
haha Hope you enjoyed the party.
I’m ready to tear my hair out with this not sleeping crap, or maybe tear the house apart looking for an Ambien. Where the hell is Anton when you need him, sheesh.
Good argument there between you and Fly tonight, classic stuff.
ran out of chivas, anybody have some?
Hi Chivas, all I have is a bottle of Kahlua, will that do?
Boca, I have suffered from insomnia, since I have memory.
The Dr’s are no help. They either think I want a scrip to valium or they tell me, “Don’t get in bed until you are ready to fall asleep.” I say fuck you, I can’t sleep, in bed, out of bed, TV on or off, reading a book or fucking tea leaves.
Put me in a car though, and I’m out like a light. (Not when I’m driving).
lol, that will do boca, will be over in 30 minutes
Chivas, cheap rum here.
I finished off my Land Shark Lager.
The thing that saves me is that I work for myself so I can sleep crazy hours when I need to. I used to stay up til 4 or 5 am working on the computer then sleep until ten. I’m a little more tame now. I don’t know how you deal with the insomnia and having to work regular hours.
wood, sounds good will be right over.
turkey sandwich and glass of warm milk wood.
Chivas, well we can’t let Woody drive you over, he’ll fall asleep in the car.
Plus, I just enjoyed the men’s volleyball team defeating the Venezuelans.
They spit on Chavez.
lol, so you will
glad to hear that, hate that guy
R.I.P.
I missed the opening ceremonies, hope I’ll get another chance to see it.
lol @ boca and chivas…
Chivas, the sleep experts say not to eat before you try to sleep.
Boca, I just go in cycles, really. I’ll go 2-3 nights with only several hours of sleep, and then hit a stretch with more regular sleep. As I said, I remember being in elementary school and doing the same thing.
Q4, good call. I loved Bernie Mac’s show. Very funny. I was shocked to see he died so young, and of such strange causes.
both turkey and milk have the amino acid triptophan, i’m sure i spelled that wrong, it makes you sleepy. look it up wood. or just buy that amino acid.
Q4 makes an appearance! Great Bernie Mac clip. It’s so sad that he passed away. RIP.
wood, make love to your wife for 2 hrs straight, that will help. lol.
Chivas, I didn’t know that milk had it in it, too. I’m aware of its supposed effects, although I think I read somewhere that you would have to eat large quantities to get the effect.
Hmmmm…buying it outright, in pill form might work.
C’mon Wood, not so strange, pneumonia. People are still dying out there. Even with all the meds available today, the pneumonia can still knock you right out.
try it. always works for me
Chivas, three words: 2, 7, 17.
Those are the ages of our children.
Hahaha. Believe me, NOTHING happens for 2 straight hours in my house!
get a babysitter and go to a hotel. my treat.
Chivas has the right idea! Get tired out the good way.
With that pleasant thought in mind, I will say g’nite, my friends. Our little chat helped relax me and I hope I can drift off for a few hours.
you have a 17 yr old. wow. how old are you?
Will do.
However, I can’t do that EVERY night…
sure you can. another amino acid, arginine will let you do it.
Chivas, he was born January of my senior year in high school. I was 17. I’m 35, now.
my girl friend is calling me to bed. got to go night and have fun wood. lol.
Nighty nite Boca…
G’night Chivas. Remember, nothing less than a full 2 hours!
LMFAO
http://www.debka.com/article.php?aid=1358
“Georgian tanks and infantry, aided by Israeli military advisers, captured the capital of breakaway South Ossetia, Tskhinvali, early Friday, Aug. 8, bringing the Georgian-Russian conflict over the province to a military climax.
Russian prime minister Vladimir Putin threatened a “military response.”
In recent weeks, Moscow has repeatedly demanded that Jerusalem halt its military assistance to Georgia, finally threatening a crisis in bilateral relations. Israel responded by saying that the only assistance rendered Tbilisi was “defensive.”
This has not gone down well in the Kremlin. Therefore, as the military crisis intensifies in South Ossetia, Moscow may be expected to punish Israel for its intervention. ”
====================================
Like I said, If Israel attacks Iran, Russia & China may well take out Israel & the BIG One will be a hair trigger away. In case one was wondering, NOT a bullish event. Even the Fed/GPPT, with its interventionist, manipulative ways, will be helpless to prevent the subsequent financial bloodbath that mirrors the actual one, but then again, maybe wars are bullish for markets, initially. I am not predicting this, just saying its a powder keg out there and risks are currently very high. Frankly, I am surprised that sparks are beginning to fly with the Olympic opening. Perhaps coincidentally, or not, using the Olympics as a distractive cover.
with russia now in full blown war with the bulldogs from georgia …how much is crude going to be down on monday? can you imagine if the blew up a pipeline or some shit… wow crude would be at 100.. or less…
I hauled a load of shit flinging monkeys in from Cameroon one time. We got hung up on a sandbar and spilled a bunch of simian pee into the Adriatic.
clarity for the tryptophan debate:
its an amino acid that works best when your stomache is empty. this is why people go into retard coma’s on thanksgiving because they starve themselves all day so they can gorge on turkey later (roman style!). Thus, the empty stomache gets its ass kicked by tryptophan.
my favorite way to go to sleep: try to divide really fucking big numbers in my head until I pass out
My wife and I use tryptophan when we can’t sleep – works like a charm.
Hmmmmmmm. I’m gonna look into the trytophan.
Although, who will be around to keep the rifraff out of this place at night, If I’m sleeping?
from bespoke
Below we highlight the percentage of stocks in each sector that are trading above their 50-day moving averages. As shown, the S&P 500 just cracked back above 50%. Over the last year, every time it has risen above 50%, it has gotten up to about 80% before reversing and heading lower again.
Shed,
Buy some “ADT security system” stickers on Ebay and get one of those “You are being recorded” stickers. You won’t get hit while you’re tryptophan’d out.
Eugene Fama Called Technical Analysts as the “astrologists of the financial markets”, which I think is an accurate description for this type of analysts. You will get the same rate of success using technical analysis or flipping a coin.
Bring back the moonshine parlour and the guy with no teeth!!! is so funny!
By the way, you can find enough tryptophan to fall sleep in 300 grms of turkey meat. Skip the pills eat the real think.
Chemicals don’t care what you want them to do.
I’ve been using podcast novels. Put the earbuds in with the sound barely high enough to hear. The story captures my conscious mind and keeps it from interfering with the rest of my brain as it puts my body into sleep mode for the night.
If that’s Howard’s best, I’d hate to see his worst.
Damn.
What do you know about comedy?
You’re just a stupid bull.
I know that you’re a funny SOB!
Seriously.