iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,433 Blog Posts

Chart Chomping 101, Hosted by The Fly

Okay folks, this is really important/ high grade shit. I am allowing you to be privy to the “magic of circles and triangles” and how they portend certain doom and disaster within equities.

Notice how the circles and “dorito-like” triangle are fucking with each other. It’s almost as if the triangle is laughing at the pathetic circles for being a pair of pussies. On the other hand, the circles have the triangle in a “super-fucked hemlock” which can result in a disastrous market calamity, even nuclear war.

In my work, as a licensed “chart-chomper,” I have never seen the circles attempt this move. This move is equal to or worse than applying the figure four leg lock onto a person with two broken legs; yeah, it’s that fucking bad.

The only way this market can survive such a predicament is via the formation of a “super-triangle fuck you style pizza hamburger” formation. Let me tell you, if such a thing were to occur, the short sellers would be better off traveling back in time to abort their own births, than endure such a torturous move to the upside.

It’s that serious, people.

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92 comments

  1. The Fly

    WARNING: Attempting this at home, is equal to trying this in front of a date.

    http://www.stumbleupon.com/s/#9ZMNkh/bitsandpieces.us/2009/05/12/big-ball-trick//

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  2. DSB

    watch for that bend and spread formation

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  3. vikram_pandit_has_monkey_balls
    vikram_pandit_has_monkey_balls

    i’ll eat doritos in jail, fly man.

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  4. The Fly

    If you eat the dorito, your head will explode within 10 seconds.

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  5. Fook

    This is fucking hilarious. You owe me a keyboard, as mine is now drenched in V8, tyvm.

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  6. dee

    hilairyiuus luv it!

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  7. Anton Cigur

    It’s almost as if “The Fly” is making sport of the entire TA religion.

    I must be reading through jaded-coloured glasses.

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  8. vikram_pandit_has_monkey_balls
    vikram_pandit_has_monkey_balls

    no big deal if my head explodes. i will put a parabolic SAR donchain channel average true range stop in place first. silly fly.

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  9. The Fly

    Nice. I didn’t know you had the donchain going on. Keep that between us, okay?

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  10. TraderCaddy

    Yes, I noticed the circles and the “dorito” triangle right way.
    Isn’t it illegal in Utah for a Pringel like circle to copulate with a triangle like Dorito.
    I know anything goes in NYC but a chart like that could be considered Fibonacci porn elsewhere.

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  11. sleepynaptime

    Is it just me or is this post making anyone else hungry, too? I have to go get some Doritos.

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  12. Hugh Hedley

    Mr. Fly, congrats on your fabulous year. However, be vigilant. Watch the Chinese currency vs. the dollar and interest rates and oil. We could do a basic repeat of last year. Yes, it is possible. Only monkies pick bottoms, no?

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  13. Ai

    I understand you like fundamentals but they this website is about 90% tech analysis weird….

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  14. The Equalizer

    As a technician at heart, and a fundamentalist second, I can say only this:

    “It’s better TA than I’ve done this month!”

    Well-played, Sir. Well-played!

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  15. 3B

    Dorito, doji-toe, circles, circus, circus. I wonder what our bankster overlords have planned for tomorrow.

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  16. The Fly

    Thank you God fearing clansmen of Atlantis.

    iBankCoin is not about TA. Anyone who suggests so is a liar, thief and a dog beater.

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  17. The Chart Addict

    THIS IS BULLSHIT.

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  18. Chuck Bennet

    Nice chart.

    regards

    chuck

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  19. Talib Din Hakeen
    Talib Din Hakeen

    Fundamentally, my balls still produce about the same amount of sperm, but technically, one hangs a bit lower than the other and the angle of the dangle just isn’t what it was during the bull phase, so I am not quite sure where to put my stop anymore since my risk reward has tightened up quite a bit lately.

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  20. Indie

    I was searching the web for some T A charts and this is what i found : http://bit.ly/C6j9X

    i’m dumbfounded.

    all this charting does make you hungry.

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  21. TraderCaddy

    Fly is neither a fundamentalist or a T/A follower.
    It appears he simply buys what goes up and shorts what goes down.
    Easy as Tiger Woods winning tournaments.

    Thanks to Indie’s link I now have to run another virus and spyware scan.

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  22. Joe Biden

    Is everyone feeling stimulated? If not, Barack and I can crank out a few trillion more. Need $4500 on a new car? $8000 on a new house? Is your credit card bill over 10k? Gimmee a call and we can work something out. We’re giving this stuff away – bring your own bag.

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  23. franky

    yes – indie you suck.

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  24. Igotsit

    Fly is right on. I do my own TA. I come to this site for the views and personalities. I mean this post is fucking hilarious serious super-triangle fuck you style pizza hamburger shit. If we get lucky it’ll continue into a chicken wing rhombus and we will all be able to go back in time.

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  25. Woodshedder

    Just for you Fly!!!

    http://tinyurl.com/nnoha9

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  26. Hammy

    HAHAHAHAHA

    OMFG LOLROF LMFAO PIP (PISSIN IN PANTS)

    this site is gayer than gay,

    which, for a few of you, is pretty sweet!

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  27. Milktrader

    I don’t see it. Personally, I think you have too much going on in the chart. You need to declutter.

    Have you considered employing the Ulcer Index in your analysis? I think it would help.

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  28. Indie

    wha?!?!

    Who doesn’t like a nice pair of juicy bits?

    T/A + fun = IWIN!!

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  29. Anton Cigur

    Don’t worry, Hammy.

    Nobody’s asked and we won’t tell that you hang out here.

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  30. domtex

    The Fly will now make outrageous coins on the short side..having lost it all on the long../just watch

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  31. Hammy

    touche..

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  32. Aristotle

    Gawd, I’m sitting here laughing my ass off. Fucking hilarious technical analysis. Woody will be jealous!

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  33. CAP

    FLY – That ice cream truck on the front page. Is that your other job ? You don’t seem to be posting much and you’re not making much money in the markets so I figure you decided to become an ice cream man. Good luck with the new job ! Tell me what locations you are at so I can stop by when I come to NYC next week. I like the double chocolate fudge ice creams or cookies and cream or cookie dough. Make sure you have these in stock. TIA.

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  34. Aristotle

    Fly, did you notice the camel-toe formation that formed just below the waistline of that double top?

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  35. j

    That’s hilarious.

    You gotta be careful when the burritos cross over. That’s usually sends the freaking market into a tailspin.

    A burritos cross over only happened once since 1929 and that was in 1929.

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  36. Woodshedder

    Hammy, fly has been practicing his particular brand of TA for at least 2 years, that I can remember.

    One time he worked over MVIS. This particular work of art included the dreaded “cock and balls” formation, which subsequently doomed MVIS to 2 years of underperformance.

    I’m not lying.

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  37. chickfila

    First really funny one in a while. Fly 1, TA’ers 0

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  38. L.Dykstra

    Fly we have initiated some deep in the the money calls on the SPY. If we can get it to go our way we will sell. Nice work on the chart. Its pretty clear that you work your ass off too!
    Anyway its like I always say “Sell In May And Go Away”!

    I won’t be able to comment or blog tomorrow as I will be taking a Lear Jet on a Test Flight to the U.S. Open…you want to go? I can pick you up @ La Gurdia[sic]. Fernando Valenzuela will be on the flight as he is taking a majority stake in The Players Club.

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  39. Hammy

    i rescind and recant, as i believe your word.

    only trying to bust Fly’s balls… formation

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  40. j

    Shed:

    What’s the cock and balls formation and does Tim Knight know about it?

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  41. retox

    OMFG – is that Dorito taking a piss?

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  42. 90%TurdPolisher$

    OMFG! Don’t give away ALL the secrets of Atlantis!! Next you’ll be telling everyone about the impending “Flying Cumshot” formation and we’ll all be mega-phucked!!!

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  43. retox

    j,

    Goog “tim knight cock balls” first link is:

    “Tim fucks Justin’s mouth as Justin rubs those big full balls. Tim straddles Justin on a large purple satin covered bed feeding his fat cock to that hungry …”

    I will NOT be following that link

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  44. Woodshedder

    j, I can’t find the post. I’ve searched and searched for it. It was on the old blog, I believe.

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  45. Retox:

    Who’s Justin? Is that Tim’s man god?

    Can’t stand that site… He’s so Mr. fucking perfect.. never gets angry or upset and the commenters there are such a sycophantic bunch. Even he realizes what a bunch of suck holes they are as he’s told them.

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  46. RobDrake

    Obama takes a swing at The Fly http://www.google.com/hostednews/ap/article/ALeqM5hNw_VW9Dlp19RvvaxvSLo5TZRwSQD98SQ0606

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  47. nouriel roubini

    I like you Fly. Come to my next party. Bring that chart with you.

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  48. thegoat

    OMG….I met FLY years and years ago when I was just beginning my career in managing money. And well, to make this story short, I asked for some advice from the FLY, why wouldn’t I, he had the biggest corner office I had ever seen, well….he showed me his technique on charting and picking stocks. And now he has shown the world what he shared with me….wow.

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  49. RobDrake

    Fly,

    You are just jealous because Chart Addict makes better calls than you do with his “TA Voodoo.”

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  50. The Fly

    Idiot

    For the millionth time: CA only makes believe he gets picks via charts. Don’t you get it by now?

    Geez.

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  51. DPeezy

    The Fly’s famous MVIS technical analysis, featuring the incredible (shrinking?) cock-n-balls formation used to reside right here:
    http://www.ibankcoin.com/peanut_gallery/index.php/2007/11/29/technical-look-mvis/

    alas, the picture has gone the way of the dodo…

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  52. Hammy

    here come the night-crawlers

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  53. The Fly

    To protect secrets, iBc has removed the “cock n balls” chartship.

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  54. The Chart Addict

    Such pattern EXISTS:

    BEHOLD – The “Super Triangle ‘FUCK YOU’-Style Pizza Hamburger” Formation /w Doritos

    http://ibankcoin.com/chart_addict/?p=1088

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  55. Hammy

    Fly,

    thanks for the nudge toward The Wire. I enjoy getting sloshed and watching a few episodes every night, and logging iBC on to make fun of people in between episodes. Just started season two and i’m loving my life.

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  56. The Fly

    Omar is bad ass. Look out for Brother Mazone, a Fly favorite.

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  57. Hammy

    yeah after watching season one with Omar, I really cant make fun of all gays, just gays in general

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  58. Cebu Sun

    Ok Fly, 2 can play at this game:
    Gee whiz gang, the fundamentals sure llok swell on MVIS. The book value, sales to dick ratio, and the ROI are all in line with Value Line and IBD parameters.So now I will buy, but wonder if it will move in 1 day, 1 week or one year. But I am sure MVIS IS fundamentally kickin ass.

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  59. 308

    hell yeah, I’m on season 3 of the wire right now, burning through 3 eps a week or so…good stuff. Gimme that, Dexter and Madmen and i’m set. Don’t even watch tv anymore at all really, chill with the wife on the bed and just laptop it all.

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  60. carlos

    “Idiot

    For the millionth time: CA only makes believe he gets picks via charts. Don’t you get it by now?

    Geez.”

    cheers

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  61. J

    FTK down big, TRID down big, and GLW down big. 3 of FLy’s favorite picks. need i say more (evil laughter follows)

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  62. Hawaii Five O

    Fly,

    Your humor, insight and knowledge are what make me keep coming back to this blog.. who would have thought this stock market shit could be fun. In the 60’s, we use to talk about how boring money people were, and whoever had the least money in the bank and the most degrees was the most cool. Really!!! But I date myself. At any rate, since I took my money away from MS and placed it in my own hands, I’ve been doing much better and you and your collegues have made it really fudking fun!!

    I do wish, however, that you would have placed a malt in that chart somewhere.

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  63. Hammy

    GLW isn’t really down “big”

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  64. kunu

    do less

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  65. j

    J get your own moniker you douchebag. GLW isn’t “down big” which is the only one of Fly’s picks I’ve followed that you mentioned . In fact it closed higher than the time fly suggested it.

    You’re such a douche.

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  66. JF

    dorito-like” triangle , WTF?
    Looks line the tight pussy formation to me.

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  67. SteveTheNeighbor
    SteveTheNeighbor

    Gio- If Fly won’t put you up at his house you are welcome at mine. Just can’t wear those Hawaiian shirts around here. You wouldn’t last one hour on the subway.

    http://www.breitbart.com/article.php?id=D98STMPO0&show_article=1

    Bye bye Hawaii.
    Obama don’t care. He believes dicators just need a little therapy.

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  68. Declan Fallon

    What about those monkey balls at $50-60? Supporting some good length to the rally – what say yee???

    DJF

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  69. gappingandyapping
    gappingandyapping

    Anyone want to guess what will win the open if we play all 72? I say 9 over wins it given the course and conditions. Thoughts?

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  70. Woodshedder

    GLW is a dip-buying play.

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  71. Juice

    why does abby joseph cohen still have a job? that douche must have bankrupted more sheeples that the devilestdogg.

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  72. Jed

    mrkcbill always takes a cold shower after watching Abby Joseph Cohen on TV.

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  73. TheArtist

    Could you color the dorito orange and put a cigarette in the smiley faces mouth? this would help little trollips like me understand this chart better.

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  74. wilmer

    Josh1ngSp00g3 would be proud.

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  75. TigerWoods

    Fly wants me to tell you that he won’t be here today.
    I asked him to be my caddy for the US Open and he said okay so long as he can eat oatmeal during the rounds and throw balls at the other players.

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  76. HenryFool

    Chart chomping tells me to buy IMGN @ 7 so I did.

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  77. HenryFool

    Actually not all chart chomping. You have a 20 yr old biotech that only has a 50mill outstanding. They’re going higher!

    I hear the price will be closer to 7.50

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  78. mrkcbill

    Jed is addicted to KFC grilled chicken.

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  79. TheArtist

    Just for the record:
    Trollop = a loitering, slatternly woman: a prostitute.

    Trollip = a stock trader lower than a piker, small potatoes, turnip like.

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  80. HenryFool

    Chart Chomping 101

    Bought CYTK @ 2.66 and 2.75

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  81. HenryFool

    DNDN breaking out

    im in

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  82. kidstock

    Out of STSI I bought in AH on Tues for .72

    70% gain — giddyup!

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  83. TigerWoods

    You can have him (Fly) back. I fired him.
    He started throwing oatmeal and coffee cups at the rules officials and the volunteers. Plus his swearing is worse than mine and it didn’t help when the other guy was putting and he yelled out “miss it asshole.”

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  84. HenryFool

    book:

    IMGN DVAX CYTK DDSS DNDN (btfo comin)

    CNXT ENTR

    GU

    GAIA

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  85. L.Dykstra

    Tiger…Lets Do Lunch.

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  86. HenryFool

    fav two are: CYTK DNDN

    ENTR looks pretty hot too

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  87. TigerWoods

    Okay Lenny. I need good investment advice. These T-bills are dull. I want action.

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  88. HenryFool

    IMGN offer @ $7 must be bought.

    This 20 yr old cancer therapy company is going higher!!

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  89. punyandy

    kidstock – i am there with you, but i am still holding my shares from 0.74.

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  90. The Truth

    It is official…the FLY is Michael Parness. Google It.

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